Note 13 - Earnings Per Share

9 Months Ended

Sep. 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 September 30,					Nine Months Ended September 30,
	2018			2017		2018			2017
Numerator
Net income attributable to Generac Holdings Inc.	$	75,776		$	39,435	$	162,682		$	76,901
Redeemable noncontrolling interest redemption value adjustment		(6,912	)		-		(16,882	)		909
Net income attributable to common shareholders	$	68,864		$	39,435	$	145,800		$	77,810
Denominator
Weighted average shares, basic		61,579,564			61,758,190		61,659,817			62,094,807
Dilutive effect of stock compensation awards (1)		640,734			558,598		606,323			608,462
Diluted shares		62,220,298			62,316,788		62,266,140			62,703,269
Net income attributable to common shareholders per share
Basic	$	1.12		$	0.64	$	2.36		$	1.25
Diluted	$	1.11		$	0.63	$	2.34		$	1.24

(

1

) Excludes approximately

38,900

and

146,000

stock options for the

three

month periods ended

September 30, 2018

and

2017,

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

48,200

and

188,800

stock options for the

nine

month periods ended

September 30, 2018

and

2017,

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