Note 17 - Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Quarterly Financial Information [Text Block]

17. Quarterly Financial Information (Unaudited)

	Quarters Ended 2018
	Q1		Q2		Q3		Q4
Net sales	$	400,091	$	497,581	$	562,388	$	563,404
Gross profit		141,927		178,473		200,334		204,306
Operating income		56,347		85,467		106,519		108,848
Net income attributable to Generac Holdings Inc.		33,645		53,261		75,776		75,575
Net income attributable to common shareholders per common share - basic:	$	0.42	$	0.83	$	1.12	$	1.21
Net income attributable to common shareholders per common share - diluted:	$	0.42	$	0.82	$	1.11	$	1.20

	Quarters Ended 2017
	Q1		Q2		Q3		Q4
Net sales	$	332,056	$	396,523	$	457,747	$	493,047
Gross profit		109,954		134,224		157,680		182,928
Operating income		30,890		51,822		72,548		95,374
Net income attributable to Generac Holdings Inc.		12,175		25,291		39,435		80,907
Net income attributable to common shareholders per common share - basic:	$	0.21	$	0.41	$	0.64	$	1.31
Net income attributable to common shareholders per common share - diluted:	$	0.20	$	0.41	$	0.63	$	1.30

In accordance with the new revenue recognition standard, extended warranty revenues are reported within net sales in the consolidated statements of comprehensive income. Previously, these amounts were reported net within selling and service expense on the consolidated statements of comprehensive income, in amounts that were

not

material. The net sales and gross profit amounts shown above for the

first

three

quarters of

2018

and 

2017

have been revised from amounts previously reported in the Company’s

2018

quarterly reports on Form

10

-Q, pursuant to the full retrospective adoption of the new revenue recognition standard on

January 1, 2018.

The revisions impacted the Domestic segment and the Other product class, and resulted in an increase to net sales and gross profit, with an equal offset to selling and service expenses. For the first,

second

and

third

quarters ended in

2018,

net sales increased by

$2,457,

$2,632,

and

$2,873,

and gross profit by

$1,938,

$2,217,

and

$2,449,

respectively. For the first,

second

and

third

quarters ended in

2017,

net sales increased by

$1,571,

$1,648,

and

$1,908,

and gross profit by

$1,154,

$1,303,

and

$1,449,

respectively. There was

no

impact to income from operations, net income or comprehensive income, earnings per share, the consolidated balance sheets, the consolidated statement of stockholders’ equity, or the consolidated statements of cash flows.