Year Ended December 31,

2023

2022

2021

Numerator

Net income attributable to Generac Holdings Inc.

$

214,606

$

399,502

$

550,494

Redeemable noncontrolling interest redemption value adjustment

(11,517

)

(49,235

)

(17,102

)

Net income attributable to common shareholders

$

203,089

$

350,267

$

533,392

Denominator

Weighted average shares, basic

61,265,060

63,117,007

62,686,001

Dilutive effect of stock compensation awards (1)

793,327

1,087,219

1,534,603

Dilutive effect of contingently issued shares

-

477,131

32,804

Diluted shares

62,058,387

64,681,357

64,253,408

Net income attributable to common shareholders per share

Basic

$

3.31

$

5.55

$

8.51

Diluted

$

3.27

$

5.42

$

8.30