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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net sales $ 395,376 $ 367,376 $ 727,190 $ 653,911
Costs of goods sold 260,916 243,229 482,244 431,704
Gross profit 134,460 124,147 244,946 222,207
Operating expenses:        
Selling and service 43,116 42,366 83,300 79,635
Research and development 10,567 9,889 20,868 18,086
General and administrative 21,361 19,593 42,334 37,426
Amortization of intangibles 7,129 8,217 14,312 16,014
Total operating expenses 82,173 80,065 160,814 151,161
Income from operations 52,287 44,082 84,132 71,046
Other (expense) income:        
Interest expense (10,893) (11,380) (21,681) (22,415)
Investment income 38 4 43 36
Costs related to acquisition (136) (321) (417)
Other, net (1,437) 158 (1,214) 545
Total other expense, net (12,428) (11,218) (23,173) (22,251)
Income before provision for income taxes 39,859 32,864 60,959 48,795
Provision for income taxes 14,114 11,921 22,365 17,640
Net income 25,745 20,943 38,594 31,155
Net income attributable to noncontrolling interests 85 55 92 59
Net income attributable to Generac Holdings Inc. $ 25,660 $ 20,888 $ 38,502 $ 31,096
Net income attributable to common shareholders per common share - basic: (in dollars per share) $ 0.42 $ 0.32 $ 0.63 $ 0.47
Weighted average common shares outstanding - basic: (in shares) 62,146,393 65,870,714 62,260,170 65,955,455
Net income attributable to common shareholders per common share - diluted: (in dollars per share) $ 0.41 $ 0.31 $ 0.63 $ 0.47
Weighted average common shares outstanding - diluted: (in shares) 62,635,437 66,388,581 62,849,877 66,465,770
Comprehensive income attributable to Generac Holdings Inc. $ 32,577 $ 7,622 $ 48,964 $ 19,076