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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 224,482 $ 138,472
Accounts receivable, less allowance for doubtful accounts of $4,873 and $4,805 at December 31, 2018 and 2017, respectively 326,133 279,295
Inventories 544,750 387,049
Prepaid expenses and other assets 25,404 19,741
Total current assets 1,120,769 824,557
Property and equipment, net 278,929 230,380
Customer lists, net 61,194 41,064
Patents, net 29,970 39,617
Other intangible assets, net 3,043 2,401
Tradenames, net 152,283 152,683
Goodwill 764,655 721,523
Deferred income taxes 163 3,238
Other assets 15,308 10,502
Total assets 2,426,314 2,025,965
Current liabilities:    
Short-term borrowings 45,583 20,602
Accounts payable 328,091 233,639
Accrued wages and employee benefits 40,819 27,992
Other accrued liabilities 144,236 112,618
Current portion of long-term borrowings and capital lease obligations 1,977 1,572
Total current liabilities 560,706 396,423
Long-term borrowings and capital lease obligations 876,396 906,548
Deferred Tax Liabilities, Net, Noncurrent 71,300 41,852
Other long-term liabilities 95,647 82,893
Total liabilities 1,604,049 1,427,716
Redeemable noncontrolling interest 61,004 43,929
Stockholders’ equity:    
Common stock, par value $0.01, 500,000,000 shares authorized, 71,186,418 and 70,820,173 shares issued at December 31, 2018 and 2017, respectively 712 708
Additional paid-in capital 476,116 459,816
Treasury stock, at cost, 9,047,060 and 8,448,874 shares at December 31, 2018 and 2017, respectively (321,473) (294,005)
Excess purchase price over predecessor basis (202,116) (202,116)
Retained earnings 831,123 610,836
Accumulated other comprehensive loss (23,813) (21,198)
Stockholders' equity attributable to Generac Holdings, Inc. 760,549 554,041
Noncontrolling interests 712 279
Total stockholders’ equity 761,261 554,320
Total liabilities and stockholders’ equity $ 2,426,314 $ 2,025,965