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Note 13 - Earnings Per Share | 3 Months Ended
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Mar. 31, 2024
Notes to Financial Statements |
Earnings Per Share [Text Block] | 13. Earnings Per Share Basic earnings per share is calculated by dividing net income attributable to the common shareholders of the Company by the weighted average number of common shares outstanding during the period, exclusive of restricted shares. Except where the result would be anti-dilutive, diluted earnings per share is calculated by assuming the vesting of unvested restricted stock and the exercise of stock options, as well as the satisfaction of certain contingent acquisition consideration conditions as of the end of the period. Refer to Note 3, “Redeemable Noncontrolling Interest,” to the condensed consolidated financial statements for further information regarding the accounting for redeemable noncontrolling interests within earnings per share. The following table reconciles the numerator and the denominator used to calculate basic and diluted earnings per share:
|  | Three Months Ended March 31, |
|  | 2024 |  |  | 2023 |
Numerator |  |  |  |  |  |  |  |
Net income attributable to Generac Holdings Inc. |  | $ | 26,232 |  |  | $ | 12,430 |
Redeemable noncontrolling interest redemption value adjustment |  |  | (2,686 | ) |  |  | (9,016 | )
Net income attributable to common shareholders |  | $ | 23,546 |  |  | $ | 3,414 |
Denominator |  |  |  |  |  |  |  |
Weighted average shares, basic |  |  | 59,849,362 |  |  |  | 61,556,044 |
Dilutive effect of stock compensation awards (1) |  |  | 636,763 |  |  |  | 738,403 |
Diluted shares |  |  | 60,486,125 |  |  |  | 62,294,447 |
Net income attributable to common shareholders per share |  |  |  |  |  |  |  |
Basic |  | $ | 0.39 |  |  | $ | 0.06 |
Diluted |  | $ | 0.39 |  |  | $ | 0.05 |
(1) Excludes approximately 427,000 and 411,000 stock options and restricted stock awards for the three months ended March 31, 2024 and 2023, respectively, because they would be anti-dilutive.

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