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Note 14 - Earnings Per Share
 12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Earnings Per Share [Text Block]

14.

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 conditions related to acquisition contingent consideration as of the end of the period. Refer to Note 4, “Redeemable Noncontrolling Interest,” to the consolidated financial statements of this Annual Report on Form 10-K 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:

 

  

Year Ended December 31,

 
  

2024

  

2023

  

2022

 

Numerator

            

Net income attributable to Generac Holdings Inc.

 $316,315  $214,606  $399,502 

Redemption value adjustment

  8,941   (11,517)  (49,235)

Net income attributable to common shareholders

 $325,256  $203,089  $350,267 
             

Denominator

            

Weighted average shares, basic

  59,559,797   61,265,060   63,117,007 

Dilutive effect of stock compensation awards (1)

  790,615   793,327   1,087,219 

Dilutive effect of contingently issued shares

  -   -   477,131 

Diluted shares

  60,350,412   62,058,387   64,681,357 
             

Net income attributable to common shareholders per share

            

Basic

 $5.46  $3.31  $5.55 

Diluted

 $5.39  $3.27  $5.42 

 

 

(1)

For the years ended December 31, 2024, December 31, 2023, and December 31, 2022, excludes approximately 428,000, 348,000 and 76,000 stock options and restricted stock awards, respectively, as the impact of such awards was anti-dilutive.