XML 17 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets:    
Cash and cash equivalents $ 67,272 $ 115,857
Accounts receivable, less allowance for doubtful accounts of $5,642 and $2,494 at December 31, 2016 and 2015, respectively 241,857 182,185
Inventories 349,731 325,375
Prepaid expenses and other assets 24,649 8,600
Total current assets 683,509 632,017
Property and equipment, net 212,793 184,213
Customer lists, net 45,312 39,313
Patents, net 48,061 53,772
Other intangible assets, net 2,925 2,768
Tradenames, net 158,874 161,057
Goodwill 704,640 669,719
Deferred income taxes 3,337 34,812
Other assets 2,233 964
Total assets 1,861,684 1,778,635
Current liabilities:    
Short-term borrowings 31,198 8,594
Accounts payable 181,519 108,332
Accrued wages and employee benefits 21,189 13,101
Other accrued liabilities 93,068 82,540
Current portion of long-term borrowings and capital lease obligations 14,965 657
Total current liabilities 341,939 213,224
Long-term borrowings and capital lease obligations 1,006,758 1,037,132
Deferred Tax Liabilities, Net, Noncurrent 17,278 4,950
Other long-term liabilities 61,459 57,458
Total liabilities 1,427,434 1,312,764
Redeemable noncontrolling interest 33,138
Stockholders’ equity:    
Common stock, par value $0.01, 500,000,000 shares authorized, 70,261,481 and 69,582,669 shares issued at December 31, 2016 and 2015, respectively 702 696
Additional paid-in capital 449,049 443,109
Treasury stock, at cost, 7,564,874 and 3,567,575 shares at December 31, 2016 and 2015, respectively (262,402) (111,516)
Excess purchase price over predecessor basis (202,116) (202,116)
Retained earnings 456,052 358,173
Accumulated other comprehensive loss (40,163) (22,475)
Stockholders' equity attributable to Generac Holdings, Inc. 401,122 465,871
Noncontrolling interests (10)
Total stockholders’ equity 401,112 465,871
Total liabilities and stockholders’ equity $ 1,861,684 $ 1,778,635