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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Net sales $ 475,915 $ 470,353
Costs of goods sold 303,595 308,178
Gross profit 172,320 162,175
Operating expenses:    
Selling and service 55,139 47,289
Research and development 18,649 13,609
General and administrative 27,889 24,762
Amortization of intangibles 7,781 5,342
Total operating expenses 109,458 91,002
Income from operations 62,862 71,173
Other (expense) income:    
Interest expense (9,053) (10,272)
Investment income 960 914
Other, net (1,914) (1,061)
Total other expense, net (10,007) (10,419)
Income before provision for income taxes 52,855 60,754
Provision for income taxes 9,444 14,985
Net income 43,411 45,769
Net income attributable to noncontrolling interests (1,049) 908
Net income attributable to Generac Holdings Inc. $ 44,460 $ 44,861
Net income attributable to Generac Holdings Inc. per common share - basic: (in dollars per share) $ 0.69 $ 0.77
Weighted average common shares outstanding - basic: (in shares) 62,126,481 61,762,260
Net income attributable to Generac Holdings Inc. per common share - diluted: (in dollars per share) $ 0.68 $ 0.76
Weighted average common shares outstanding - diluted: (in shares) 63,283,737 62,223,638
Comprehensive income attributable to Generac Holdings Inc. $ (3,098) $ 39,527