XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net sales $ 998,197 $ 1,000,420 $ 1,887,470 $ 1,888,330
Costs of goods sold 622,636 671,999 1,195,530 1,287,410
Gross profit 375,561 328,421 691,940 600,920
Operating expenses:        
Selling and service 128,153 115,743 236,739 216,431
Research and development 53,996 43,942 103,406 85,762
General and administrative 65,386 56,371 132,150 116,056
Amortization of intangibles 24,791 26,393 49,541 52,216
Total operating expenses 272,326 242,449 521,836 470,465
Income from operations 103,235 85,972 170,104 130,455
Other (expense) income:        
Interest expense (23,318) (25,160) (46,923) (48,155)
Investment income 1,841 941 3,529 1,629
Change in fair value of investment (2,117) 0 (8,136) 0
Other, net (950) (331) (1,372) (497)
Total other expense, net (24,544) (24,550) (52,902) (47,023)
Income before provision for income taxes 78,691 61,422 117,202 83,432
Provision for income taxes 19,638 15,907 31,671 23,756
Net income 59,053 45,515 85,531 59,676
Net income (loss) attributable to noncontrolling interests (62) 317 184 2,048
Net income attributable to Generac Holdings Inc. $ 59,115 $ 45,198 $ 85,347 $ 57,628
Net income attributable to Generac Holdings Inc. per common share - basic: (in dollars per share) $ 0.99 $ 0.7 $ 1.38 $ 0.76
Weighted average common shares outstanding - basic: (in shares) 59,880,336 61,721,614 59,854,131 61,645,341
Net income attributable to Generac Holdings Inc. per common share - diluted: (in dollars per share) $ 0.97 $ 0.7 $ 1.36 $ 0.75
Weighted average common shares outstanding - diluted: (in shares) 60,641,740 62,348,184 60,559,904 62,429,911
Comprehensive income attributable to Generac Holdings Inc. $ 34,397 $ 69,060 $ 56,961 $ 104,422