Note 13 - Earnings Per Share

6 Months Ended

Jun. 30, 2018

Notes to Financial Statements

Earnings Per Share [Text Block]

1

3

. Earnings Per

Share

Basic earnings per share is calculated by dividing net income attributable to the common stockholders 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. The following table reconciles the numerator and the denominator used to calculate basic and diluted earnings per share:

	Three Months Ended June 30,					Six Months Ended June 30,
	2018			2017		2018			2017
Numerator
Net income attributable to Generac Holdings Inc.	$	53,261		$	25,291	$	86,906		$	37,466
Redeemable noncontrolling interest redemption value adjustment		(2,305	)		295		(9,970	)		909
Net income attributable to common shareholders	$	50,956		$	25,586	$	76,936		$	38,375
Denominator
Weighted average shares, basic		61,534,423			62,146,393		61,696,014			62,260,170
Dilutive effect of stock compensation awards (1)		520,024			489,044		563,698			589,707
Diluted shares		62,054,447			62,635,437		62,259,712			62,849,877
Net income attributable to common shareholders per share
Basic	$	0.83		$	0.41	$	1.25		$	0.62
Diluted	$	0.82		$	0.41	$	1.24		$	0.61

(

1

) Excludes approximately

142,600

and

279,200

stock options for the

three

months ended

June 30, 2018

and

2017,

respectively, as the impact of such awards was anti-dilutive. Excludes approximately

81,800

and

193,200

stock options for the

six

months ended

June 30, 2018

and

2017,

respectively, as the impact of such awards was anti-dilutive. Excludes approximately

7,000

shares of restricted stock for the

three

months ended

June 30, 2017,

as the impact of such awards was anti-dilutive.