Numerator

Net income attributable to Generac Holdings Inc.

$

66,161

$

113,742

$

184,017

$

199,089

Redemption value adjustment

-

(2,686

)

Net income attributable to common shareholders

$

66,161

$

113,742

$

184,017

$

196,403

Denominator

Weighted average shares, basic

58,263,218

59,493,640

58,604,097

59,720,597

Dilutive effect of stock compensation awards (1)

859,631

818,753

710,521

754,881

Weighted average shares, diluted

59,122,849

60,312,393

59,314,618

60,475,478

Net income attributable to common shareholders per share

Basic

$

1.14

$

1.91

$

3.14

$

3.29

Diluted

$

1.12

$

1.89

$

3.10

$

3.25