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Note 13 - Earnings Per Share
 3 Months Ended
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.