XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Net sales $ 889,273 $ 887,910
Costs of goods sold 572,894 615,411
Gross profit 316,379 272,499
Operating expenses:    
Selling and service 108,586 100,688
Research and development 49,410 41,820
General and administrative 66,764 59,685
Amortization of intangibles 24,750 25,823
Total operating expenses 249,510 228,016
Income from operations 66,869 44,483
Other (expense) income:    
Interest expense (23,605) (22,995)
Investment income 1,688 688
Change in fair value of investment (6,019) 0
Other, net (422) (166)
Total other expense, net (28,358) (22,473)
Income before provision for income taxes 38,511 22,010
Provision for income taxes 12,033 7,849
Net income 26,478 14,161
Net income attributable to noncontrolling interests 246 1,731
Net income attributable to Generac Holdings Inc. $ 26,232 $ 12,430
Net income attributable to Generac Holdings Inc. per common share - basic: (in dollars per share) $ 0.39 $ 0.06
Weighted average common shares outstanding - basic: (in shares) 59,849,362 61,556,044
Net income attributable to Generac Holdings Inc. per common share - diluted: (in dollars per share) $ 0.39 $ 0.05
Weighted average common shares outstanding - diluted: (in shares) 60,486,125 62,294,447
Comprehensive income attributable to Generac Holdings Inc. $ 22,564 $ 35,362