Generac (GNRC) 10-Q 8 May 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015	1-May-15
Document and Entity Information [Abstract]
Entity Registrant Name	GENERAC HOLDINGS INC.
Document Type	10-Q
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding		69,151,180
Amendment Flag	FALSE
Entity Central Index Key	1474735
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Large Accelerated Filer
Entity Well-known Seasoned Issuer	Yes
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Current assets:
Cash and cash equivalents	$150,085	$189,761
Accounts receivable, less allowance for doubtful accounts	158,190	189,107
Inventories	356,929	319,385
Deferred income taxes	30,323	22,841
Prepaid expenses and other assets	9,001	9,384
Total current assets	704,528	730,478
Property and equipment, net	171,384	168,821
Customer lists, net	38,231	41,002
Patents, net	54,889	56,894
Other intangible assets, net	3,848	4,298
Trade names, net	182,761	182,684
Goodwill	635,565	635,565
Deferred financing costs, net	15,002	16,243
Deferred income taxes	36,093	46,509
Other assets	71	48
Total assets	1,842,372	1,882,542
Current liabilities:
Short-term borrowings	3,103	5,359
Accounts payable	135,099	132,248
Accrued wages and employee benefits	14,944	17,544
Other accrued liabilities	80,945	84,814
Current portion of long-term borrowings and capital lease obligations	506	557
Total current liabilities	234,597	240,522
Long-term borrowings and capital lease obligations	1,033,610	1,082,101
Deferred income taxes	15,134	13,449
Other long-term liabilities	56,338	56,671
Total liabilities	1,339,679	1,392,743
Stockholders’ equity:
Common stock, par value $0.01, 500,000,000 shares authorized, 69,405,617 and 69,122,271 shares issued at March 31, 2015 and December 31, 2014, respectively	694	691
Additional paid-in capital	438,038	434,906
Treasury stock, at cost	-11,449	-8,341
Excess purchase price over predecessor basis	-202,116	-202,116
Retained earnings	300,111	280,426
Accumulated other comprehensive loss	-22,585	-15,767
Total stockholders’ equity	502,693	489,799
Total liabilities and stockholders’ equity	$1,842,372	$1,882,542

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Common stock, par value (in Dollars per share)	$0.01	$0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	69,405,617	69,122,271

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Net sales	$311,818	$342,008
Costs of goods sold	209,215	222,494
Gross profit	102,603	119,514
Operating expenses:
Selling and service	30,128	27,969
Research and development	8,163	7,746
General and administrative	14,206	13,148
Amortization of intangible assets	5,195	5,345
Total operating expenses	57,692	54,208
Income from operations	44,911	65,306
Other (expense) income:
Interest expense	-11,268	-11,689
Investment income	37	39
Loss on extinguishment of debt	-1,368
Other, net	-1,609	568
Total other expense, net	-14,208	-11,082
Income before provision for income taxes	30,703	54,224
Provision for income taxes	11,018	19,523
Net income	19,685	34,701
Net income per common share - basic: (in Dollars per share)	$0.29	$0.51
Weighted average common shares outstanding - basic: (in Shares)	68,806,337	68,421,800
Net income per common share - diluted: (in Dollars per share)	$0.28	$0.50
Weighted average common shares outstanding - diluted: (in Shares)	70,088,935	70,008,490
Comprehensive income	$12,867	$34,272

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Operating Activities
Net income	$19,685	$34,701
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	3,839	3,230
Amortization of intangible assets	5,195	5,345
Amortization of original issue discount	987	452
Amortization of deferred financing costs	718	751
Loss on extinguishment of debt	1,368
Provision for losses on accounts receivable	8	67
Deferred income taxes	3,182	12,606
Loss on disposal of property and equipment	1	62
Share-based compensation expense	2,508	3,322
Net changes in operating assets and liabilities:
Accounts receivable	31,930	-17,324
Inventories	-37,472	7,931
Other assets	255	369
Accounts payable	2,619	4,459
Accrued wages and employee benefits	-2,304	-11,557
Other accrued liabilities	-456	-1,533
Excess tax benefits from equity awards	-6,806	-6,528
Net cash provided by operating activities	25,257	36,353
Investing Activities
Proceeds from sale of property and equipment	29	6
Expenditures for property and equipment	-6,528	-4,925
Acquisition of business	374
Net cash used in investing activities	-6,125	-4,919
Financing Activities
Proceeds from short-term borrowings	4,000	4,000
Repayments of short-term borrowings	-6,256	-6,571
Repayments of long-term borrowings and capital lease obligations	-50,375	-3,326
Payment of debt issuance costs		-4
Cash dividends paid	-1,427	-334
Taxes paid related to the net share settlement of equity awards	-9,304	-8,152
Excess tax benefits from equity awards	6,806	6,528
Net cash used in financing activities	-56,556	-7,859
Effect of exchange rate changes on cash and cash equivalents	-2,252	18
Net increase (decrease) in cash and cash equivalents	-39,676	23,593
Cash and cash equivalents at beginning of period	189,761	150,147
Cash and cash equivalents at end of period	$150,085	$173,740

Note_1_Basis_of_Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Business Description and Basis of Presentation [Text Block]	1. Description of Business and Basis of Presentation
	Generac Holdings Inc. (the Company) owns all of the common stock of Generac Acquisition Corp. (GAC), which in turn, owns all of the common stock of Generac Power Systems, Inc. (the Borrower). The Company is a leading designer and manufacturer of a wide range of power generation equipment and other engine powered products serving the residential, light-commercial, industrial, oil & gas, and construction markets. Generac’s power products are available globally through a broad network of independent dealers, distributors, retailers, wholesalers and equipment rental companies, as well as sold direct to certain end user customers.
	Over the past several years, the Company has executed a number of acquisitions that support our strategic plan. A summary of these acquisitions include the following:
		●	On October 3, 2011, the Company acquired substantially all of the assets of Magnum Products (Magnum), a supplier of generator powered light towers and mobile generators for a variety of industrial applications. The Magnum business is a strategic fit for the Company as it provides diversification, with the introduction of new engine powered products, distribution channels and end markets.
		●	On December 8, 2012, the Company acquired the equity of Ottomotores UK and its affiliates (Ottomotores), with operations in Mexico City, Mexico and Curitiba, Brazil. Ottomotores is a leading manufacturer in the Mexican market for industrial diesel gensets and is a market participant throughout all of Latin America.
		●	On August 1, 2013, the Company acquired the equity of Tower Light SRL and its wholly-owned subsidiaries (Tower Light). Headquartered outside Milan, Italy, Tower Light is a leading developer and supplier of mobile light towers throughout Europe, the Middle East and Africa.
		●	On November 1, 2013, the Company purchased the assets of Baldor Electric Company’s generator division (Baldor Generators). Baldor Generators offers a complete line of power generation equipment throughout North America with power output up to 2.5MW, which expands the Company’s commercial and industrial product lines.
		●	On September 2, 2014, the Company acquired the equity of Pramac America LLC (Powermate), resulting in the ownership of the Powermate trade name and the right to license the DeWalt brand name for certain residential engine powered tools. This acquisition expands Generac’s residential product portfolio in the portable generator category.
		●	On October 1, 2014, the Company acquired MAC, Inc. (MAC). MAC is a leading manufacturer of premium-grade commercial and industrial mobile heaters for the United States and Canadian markets. The acquisition expands the Company’s portfolio of mobile power products and provides increased access to the oil & gas market.
	The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany amounts and transactions have been eliminated in consolidation. Certain prior period amounts in the condensed consolidated financial statements and notes thereto have been reclassified to conform to the current period’s presentation.
	The condensed consolidated balance sheet as of March 31, 2015, the condensed consolidated statements of comprehensive income for the three months ended March 31, 2015 and 2014, and the condensed consolidated statements of cash flows for the three months ended March 31, 2015 and 2014 have been prepared by the Company and have not been audited. In the opinion of management, all adjustments (which include only normal recurring adjustments) necessary for the fair presentation of the financial position, results of operation and cash flows, have been made. The results of operations for any interim period are not necessarily indicative of the results to be expected for the full year.
	The preparation of the condensed consolidated financial statements in conformity with U.S. generally accepted accounting principles (U.S. GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Certain information and footnote disclosure normally included in consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2014.
	New Accounting Standards
	In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No 2014-09, Revenue from Contracts with Customers. This guidance is the culmination of the FASB’s joint project with the International Accounting Standards Board to clarify the principles for recognizing revenue. The core principal of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides a five-step process that entities should follow in order to achieve that core principal. The effective date of January 1, 2017 is currently under review based on the FASB’s recent decision to propose a one-year deferral. The guidance can be applied either on a full retrospective basis or on a retrospective basis in which the cumulative effect of initially applying the standard is recognized at the date of initial application. The Company is currently assessing the impact the adoption of this guidance will have on the Company’s results of operations.
	In April 2015, the FASB issued ASU 2015-03, Interest – Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs. This guidance is a part of the FASB’s initiative to reduce complexity in accounting standards, and requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability, consistent with debt discounts. The guidance should be applied on a retrospective basis, and is effective for the Company in 2016. The Company expects that this guidance will only affect the classification of debt issuance costs on its balance sheets and will have no impact on its results of operations.
	There are several other new accounting pronouncements issued by the FASB. Each of these pronouncements, as applicable, has been or will be adopted by the Company. Management does not believe any of these other accounting pronouncements has had or will have a material impact on the Company’s consolidated financial statements.

Note_2_Derivative_Instruments_

Note 2 - Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	2. Derivative Instruments and Hedging Activities
	The Company records all derivatives in accordance with Accounting Standards Codification (ASC) 815, Derivatives and Hedging, which requires all derivative instruments be reported on the consolidated balance sheets at fair value and establishes criteria for designation and effectiveness of hedging relationships. The Company is exposed to market risk such as changes in commodity prices, foreign currencies and interest rates. The Company does not hold or issue derivative financial instruments for trading purposes.
	Commodities
	The primary objectives of the commodity risk management activities are to understand and mitigate the impact of potential price fluctuations on the Company’s financial results and its economic well-being. While the Company’s risk management objectives and strategies will be driven from an economic perspective, it attempts, where possible and practical, to ensure that the hedging strategies it engages in can be treated as “hedges” from an accounting perspective or otherwise result in accounting treatment where the earnings effect of the hedging instrument provides substantial offset (in the same period) to the earnings effect of the hedged item. Generally, these risk management transactions will involve the use of commodity derivatives to protect against exposure resulting from significant price fluctuations.
	The Company primarily utilizes commodity contracts with maturities of less than eighteen months. These are intended to offset the effect of price fluctuations on actual inventory purchases. At March 31, 2015, December 31, 2014 and March 31, 2014, the Company had three commodity contracts outstanding, covering the purchases of copper.
	Because these contracts do not qualify for hedge accounting, the related gains and losses are recorded in cost of goods sold in the Company’s condensed consolidated statements of comprehensive income. Net losses recognized for the three months ended March 31, 2015 and 2014 were $726 and $326, respectively.
	Foreign Currencies
	The Company is exposed to foreign currency exchange risk as a result of transactions denominated in other currencies. The Company periodically utilizes foreign currency forward purchase and sales contracts to manage the volatility associated with foreign currency purchases in the normal course of business. Contracts typically have maturities of twelve months or less. As of March 31, 2015, December 31, 2014 and March 31, 2014, the Company had four, one and two foreign currency contracts outstanding, respectively.
	Because these contracts do not qualify for hedge accounting, gains and losses are recorded in cost of goods sold in the Company’s condensed consolidated statements of comprehensive income. Net losses recognized for the three months ended March 31, 2015 and 2014 were $321 and $42, respectively.
	Interest Rate Swaps
	On October 23, 2013, the Company entered into two interest rate swap agreements, and on May 19, 2014, the Company entered into an additional interest rate swap agreement. The Company formally documented all relationships between interest rate hedging instruments and the related hedged items, as well as its risk-management objectives and strategies for undertaking various hedge transactions. These interest rate swap agreements qualify as cash flow hedges, and accordingly, the effective portions of the gains or losses are reported as a component of accumulated other comprehensive loss (AOCL). The cash flows of the swaps are recognized as adjustments to interest expense each period. The ineffective portions of the derivatives’ changes in fair value, if any, are immediately recognized in earnings.
	The following table presents the fair value of all of the Company’s derivatives:
		March 31,			December 31,
		2015			2014
	Commodity contracts	$	(898	)	$	(515	)
	Foreign currency contracts		(321	)		(149	)
	Interest rate swaps		(3,119	)		(1,045	)
	The fair value of the commodity and foreign currency contracts are included in other accrued liabilities, and the fair value of the interest rate swaps are included in other long-term liabilities in the condensed consolidated balance sheets as of March 31, 2015 and December 31, 2014. Excluding the impact of credit risk, the fair value of the derivative contracts as of March 31, 2015 and December 31, 2014 is a liability of $4,392 and $1,727, respectively, which represents the amount the Company would need to pay to exit the agreements on those dates.
	The amount of losses recognized in AOCL in the condensed consolidated balance sheets on the effective portion of interest rate swaps designated as hedging instruments for the three months ended March 31, 2015 and 2014 was $1,272 and $500, respectively. The amount of losses recognized in cost of goods sold in the condensed consolidated statements of comprehensive income for commodity and foreign currency contracts not designated as hedging instruments for the three months ended March 31, 2015 and 2014 was $1,047 and $368, respectively.

Note_3_Fair_Value_Measurements

Note 3 - Fair Value Measurements	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	3. Fair Value Measurements
	ASC 820-10, Fair Value Measurement, among other things, defines fair value, establishes a consistent framework for measuring fair value, and expands disclosure for each major asset and liability category measured at fair value on either a recurring basis or nonrecurring basis. ASC 820-10 clarifies that fair value is an exit price, representing the amount that would be received in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, the pronouncement establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: (Level 1) observable inputs such as quoted prices in active markets; (Level 2) inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and (Level 3) unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.
	Assets and liabilities measured at fair value are based on the market approach, which uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities.
	The Company believes the carrying amount of its financial instruments (cash and cash equivalents, accounts receivable, accounts payable, accrued liabilities and short-term borrowings), excluding long-term borrowings, approximates the fair value of these instruments based upon their short-term nature. The fair value of long-term borrowings, including amounts classified as current, which have an aggregate carrying value of $1,032,326, was approximately $1,027,164 (Level 2) at March 31, 2015, as calculated based on independent valuations whose inputs and significant value drivers are observable.
	For the fair value of the assets and liabilities measured on a recurring basis, see the fair value table in Note 2, “Derivative Instruments and Hedging Activities,” to the condensed consolidated financial statements. The fair value of all derivative contracts is classified as Level 2. The valuation techniques used to measure the fair value of derivative contracts, all of which have counterparties with high credit ratings, were based on quoted market prices or model driven valuations using significant inputs derived from or corroborated by observable market data. The fair value of derivative contracts above considers the Company’s credit risk in accordance with ASC 820-10.

Note_4_Accumulated_Other_Compr

Note 4 - Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Comprehensive Income (Loss) Note [Text Block]	4. Accumulated Other Comprehensive Loss
	The following presents a tabular disclosure of changes in AOCL during the three months ended March 31, 2015 and 2014, net of tax:
			Foreign			Defined			Unrealized			Total
			Currency			Benefit			Loss on Cash
			Translation			Pension Plan			Flow Hedges
			Adjustments
	Beginning Balance – January 1, 2015		$	(1,878	)	$	(13,243	)	$	(646	)	$	(15,767	)
	Other comprehensive loss before reclassifications			(5,546	)		-			(1,272	)  (1)		(6,818	)
	Amounts reclassified from AOCL			-			-			-			-
	Net current-period other comprehensive loss			(5,546	)		-			(1,272	)		(6,818	)
	Ending Balance – March 31, 2015		$	(7,424	)	$	(13,243	)	$	(1,918	)	$	(22,585	)
			Foreign			Defined			Unrealized			Total
			Currency			Benefit			Gain (Loss) on
			Translation			Pension Plan			Cash Flow
			Adjustments						Hedges
	Beginning Balance – January 1, 2014		$	1,204		$	(4,393	)	$	774		$	(2,415	)
	Other comprehensive income (loss) before reclassifications			71			-			(500	)  (2)		(429	)
	Amounts reclassified from AOCL			-			-			-			-
	Net current-period other comprehensive income (loss)			71			-			(500	)		(429	)
	Ending Balance – March 31, 2014		$	1,275		$	(4,393	)	$	274		$	(2,844	)
		-1	Represents unrealized losses of $(2,074), net of tax benefit of $802 for the three months ended March 31, 2015.
		-2	Represents unrealized losses of $(783), net of tax benefit of $283 for the three months ended March 31, 2014.

Note_5_Segment_Reporting

Note 5 - Segment Reporting	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	5. Segment Reporting
	The Company operates in and reports as a single operating segment, which is the design and manufacture of a wide range of engine powered products. Net sales are predominantly generated through the sale of generators and other engine powered products through various distribution channels. The Company manages and evaluates its operations as one segment primarily due to similarities in the nature of the products, production and design processes, and methods of distribution. The Company’s sales in the United States represented approximately 86% and 85% of total sales for the three months ended March 31, 2015 and 2014, respectively. Approximately 91% and 90% of the Company’s identifiable long-lived assets are located in the United States at March 31, 2015 and December 31, 2014, respectively.
	The Company's product offerings consist primarily of power products with a range of power output geared for varying end customer uses. Residential products and commercial & industrial products are each a similar class of products based on similar power output and end customer usage. The breakout of net sales between residential, commercial & industrial, and other products is as follows:
		Three Months Ended March 31,
		2015		2014
	Residential products	$	156,835	$	163,969
	Commercial & industrial products		133,763		157,370
	Other		21,220		20,669
	Total	$	311,818	$	342,008

Note_6_Balance_Sheet_Details

Note 6 - Balance Sheet Details	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block Supplement [Abstract]
Supplemental Balance Sheet Disclosures [Text Block]	6. Balance Sheet Details
	Inventories consist of the following:
		March 31,			December 31,
		2015			2014
	Raw material	$	195,790		$	184,407
	Work-in-process		6,831			8,798
	Finished goods		164,541			135,567
	Reserves for excess and obsolete		(10,233	)		(9,387	)
	Total	$	356,929		$	319,385
	Property and equipment consists of the following:
		March 31,			December 31,
		2015			2014
	Land and improvements	$	7,861		$	7,803
	Buildings and improvements		102,376			102,254
	Machinery and equipment		66,261			65,240
	Dies and tools		17,863			16,897
	Vehicles		1,391			1,383
	Office equipment and systems		26,730			21,990
	Leasehold improvements		2,542			2,535
	Construction in progress		20,172			20,120
	Gross property and equipment		245,196			238,222
	Accumulated depreciation		(73,812	)		(69,401	)
	Total	$	171,384		$	168,821

Note_7_Product_Warranty_Obliga

Note 7 - Product Warranty Obligations	3 Months Ended
	Mar. 31, 2015
Product Warranties Disclosures [Abstract]
Product Warranty Disclosure [Text Block]	7. Product Warranty Obligations
	The Company records a liability for product warranty obligations at the time of sale to a customer based upon historical warranty experience. The Company also records a liability for specific warranty matters when they become known and are reasonably estimable. Additionally, the Company sells extended warranty coverage for certain products. The sales of extended warranties are recorded as deferred revenue, which is recognized over the life of the contracts.
	The following is a tabular reconciliation of the product warranty liability, excluding the deferred revenue related to extended warranty coverage:
		Three Months Ended
		March 31,
		2015			2014
	Balance at beginning of period	$	30,909		$	33,734
	Payments		(5,433	)		(6,723	)
	Provision for warranties issued		4,549			6,039
	Changes in estimates for pre-existing warranties		(748	)		(1,143	)
	Balance at end of period	$	29,277		$	31,907
	The following is a tabular reconciliation of the deferred revenue related to extended warranty coverage:
		Three Months Ended
		March 31,
		2015			2014
	Balance at beginning of period	$	27,193		$	23,092
	Deferred revenue on extended warranty contracts sold		1,380			2,219
	Amortization of deferred revenue on extended warranty contracts		(1,042	)		(679	)
	Balance at end of period	$	27,531		$	24,632
	Product warranty obligations and extended warranty related deferred revenues are included in the condensed consolidated balance sheets as follows:
		March 31,			December 31,
		2015			2014
	Product warranty liability
	Current portion - other accrued liabilities	$	22,893		$	24,143
	Long-term portion - other long-term liabilities		6,384			6,766
	Total	$	29,277		$	30,909
	Deferred revenue related to extended warranty
	Current portion - other accrued liabilities	$	4,857		$	4,519
	Long-term portion - other long-term liabilities		22,674			22,674
	Total	$	27,531		$	27,193

Note_8_Credit_Agreements

Note 8 - Credit Agreements	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	8. Credit Agreements
	Short-term borrowings are included in the condensed consolidated balance sheets as follows:
		March 31,			December 31,
		2015			2014
	ABL facility	$	-		$	-
	Other lines of credit		3,103			5,359
	Total	$	3,103		$	5,359
	Long-term borrowings are included in the condensed consolidated balance sheets as follows:
		March 31,			December 31,
		2015			2014
	Term loan	$	1,054,000		$	1,104,000
	Original issue discount		(22,029	)		(23,861	)
	Capital lease obligation		1,790			2,059
	Other		355			460
	Total		1,034,116			1,082,658
	Less: current portion of debt		355			389
	Less: current portion of capital lease obligation		151			168
	Total	$	1,033,610		$	1,082,101
	The Company’s credit agreements provide for a $1,200,000 term loan B credit facility (Term Loan) and include a $300,000 uncommitted incremental term loan facility. The Term Loan matures on May 31, 2020. The Term Loan is guaranteed by all of the Borrower’s wholly-owned domestic restricted subsidiaries, GAC and the Company, and is secured by associated collateral agreements which pledge a first priority lien on virtually all of the Borrower’s assets, including fixed assets and intangibles, and the assets of the guarantors (other than the Company), other than all cash, trade accounts receivable, inventory, and other current assets and proceeds thereof, which are secured by a second priority lien. As of March 31, 2015, the Company is in compliance with all covenants of the Term Loan. There are no financial maintenance covenants on the Term Loan.
	The Term Loan initially bore interest at rates based upon either a base rate plus an applicable margin of 1.75% or adjusted LIBOR rate plus an applicable margin of 2.75%, subject to a LIBOR floor of 0.75%. Beginning in the second quarter of 2014, and measured each quarterly period thereafter, the applicable margin related to base rate loans is reduced to 1.50% and the applicable margin related to LIBOR rate loans is reduced to 2.50%, in each case, if the Borrower’s net debt leverage ratio, as defined in the Term Loan, falls below 3.00 to 1.00 for that measurement period.
	Since the Borrower’s net debt leverage ratio was below 3.00 to 1.00 on April 1, 2014, the Company realized a 25 basis point reduction in borrowing costs for the second quarter of 2014. As a result, the Company recorded a cumulative catch-up gain of $16,014 in the second quarter of 2014 which represents the total cash interest savings over the remaining term of the loan. The Borrower’s net debt leverage ratio as of March 31, 2015 was below 3.00 to 1.00.
	The Company’s credit agreements also provide for a $150,000 senior secured ABL revolving credit facility (ABL Facility). The maturity date of the ABL Facility is May 31, 2018. Borrowings under the ABL Facility are guaranteed by all of the Borrower’s wholly-owned domestic restricted subsidiaries and GAC, and are secured by associated collateral agreements which pledge a first priority lien on all cash, trade accounts receivable, inventory, and other current assets and proceeds thereof, and a second priority lien on all other assets, including fixed assets and intangibles of the Borrower, certain domestic subsidiaries of the Borrower and the guarantors (other than the Company). As of March 31, 2015, the Company is in compliance with all covenants of the ABL Facility.
	ABL Facility borrowings bear interest at rates based upon either a base rate plus an applicable margin of 1.00% or adjusted LIBOR rate plus an applicable margin of 2.00%, in each case, subject to adjustments based upon average availability under the ABL Facility. As of March 31, 2015, no amounts were outstanding under the ABL Facility. As of March 31, 2015, the Company’s liquidity included $148,500 of availability under the ABL Facility, net of outstanding letters of credit, as well as $150,085 of unrestricted cash and cash equivalents.
	On April 30, September 30 and December 31, 2014, the Company made voluntary prepayments of the Term Loan of $12,000, $50,000 and $25,000, respectively, which was applied to future principal amortizations and the Excess Cash Flow payment requirement in the Term Loan. As a result of the prepayments, the Company wrote off $2,084 of original issue discount and capitalized debt issuance costs in 2014 as a loss on extinguishment of debt in the condensed consolidated statement of comprehensive income.
	On March 30, 2015, the Company made a voluntary prepayment of the Term Loan of $50,000 that will be applied to the Excess Cash Flow payment requirement in the Term Loan. As a result of the prepayment, the Company wrote off $1,368 of original issue discount and capitalized debt issuance costs in the first quarter of 2015 as a loss on extinguishment of debt in the condensed consolidated statement of comprehensive income.
	As of March 31, 2015 and December 31, 2014, short-term borrowings consisted of borrowings by our foreign subsidiaries on local lines of credit, which totaled $3,103 and $5,359, respectively.

Note_9_Earnings_Per_Share

Note 9 - Earnings Per Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	9. Earnings Per Share
	Basic earnings per share is calculated by dividing net income 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, as well as their related income tax benefits. The following table reconciles the numerator and the denominator used to calculate basic and diluted earnings per share:
		Three Months Ended March 31,
		2015		2014
	Net income (numerator)	$	19,685	$	34,701
	Weighted average shares (denominator)
	Basic		68,806,337		68,421,800
	Dilutive effect of stock compensation awards (1)		1,282,598		1,586,690
	Diluted		70,088,935		70,008,490
	Net income per share
	Basic	$	0.29	$	0.51
	Diluted	$	0.28	$	0.5
	(1) Excludes approximately 89,100 stock options and 200 shares of restricted stock for the three month period ended March 31, 2015, as the impact of such awards was anti-dilutive. Excludes approximately 22,000 stock options and 400 shares of restricted stock for the three month period ended March 31, 2014, as the impact of such awards was anti-dilutive.

Note_10_Income_Taxes

Note 10 - Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	10. Income Taxes
	The effective income tax rates for the three months ended March 31, 2015 and 2014 were 35.9% and 36.0%, respectively.

Note_11_Commitments_and_Contin

Note 11 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	11. Commitments and Contingencies
	The Company has an arrangement with a finance company to provide floor plan financing for selected dealers. The Company receives payment from the finance company after shipment of product to the dealer. The Company participates in the cost of dealer financing up to certain limits and has agreed to repurchase products repossessed by the finance company, but does not indemnify the finance company for any credit losses they incur. The amount financed by dealers which remained outstanding under this arrangement at March 31, 2015 and December 31, 2014 was approximately $30,500 and $26,100, respectively.
	In the normal course of business, the Company is named as a defendant in various lawsuits in which claims are asserted against the Company. In the opinion of management, the liabilities, if any, which may result from such lawsuits are not expected to have a material adverse effect on the financial position, results of operations or cash flows of the Company.

Note_2_Derivative_Instruments_1

Note 2 - Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Assets Liabilities at Fair Value [Table Text Block]		March 31,			December 31,
		2015			2014
	Commodity contracts	$	(898	)	$	(515	)
	Foreign currency contracts		(321	)		(149	)
	Interest rate swaps		(3,119	)		(1,045	)

Note_4_Accumulated_Other_Compr1

Note 4 - Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]		Foreign			Defined			Unrealized			Total
		Currency			Benefit			Loss on Cash
		Translation			Pension Plan			Flow Hedges
		Adjustments
	Beginning Balance – January 1, 2015	$	(1,878	)	$	(13,243	)	$	(646	)	$	(15,767	)
	Other comprehensive loss before reclassifications		(5,546	)		-			(1,272	)  (1)		(6,818	)
	Amounts reclassified from AOCL		-			-			-			-
	Net current-period other comprehensive loss		(5,546	)		-			(1,272	)		(6,818	)
	Ending Balance – March 31, 2015	$	(7,424	)	$	(13,243	)	$	(1,918	)	$	(22,585	)
		Foreign			Defined			Unrealized			Total
		Currency			Benefit			Gain (Loss) on
		Translation			Pension Plan			Cash Flow
		Adjustments						Hedges
	Beginning Balance – January 1, 2014	$	1,204		$	(4,393	)	$	774		$	(2,415	)
	Other comprehensive income (loss) before reclassifications		71			-			(500	)  (2)		(429	)
	Amounts reclassified from AOCL		-			-			-			-
	Net current-period other comprehensive income (loss)		71			-			(500	)		(429	)
	Ending Balance – March 31, 2014	$	1,275		$	(4,393	)	$	274		$	(2,844	)

Note_5_Segment_Reporting_Table

Note 5 - Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Revenue from External Customers by Products and Services [Table Text Block]		Three Months Ended March 31,
		2015		2014
	Residential products	$	156,835	$	163,969
	Commercial & industrial products		133,763		157,370
	Other		21,220		20,669
	Total	$	311,818	$	342,008

Note_6_Balance_Sheet_Details_T

Note 6 - Balance Sheet Details (Tables)	3 Months Ended
	Mar. 31, 2015
Disclosure Text Block Supplement [Abstract]
Schedule of Inventory, Current [Table Text Block]		March 31,			December 31,
		2015			2014
	Raw material	$	195,790		$	184,407
	Work-in-process		6,831			8,798
	Finished goods		164,541			135,567
	Reserves for excess and obsolete		(10,233	)		(9,387	)
	Total	$	356,929		$	319,385
Property, Plant and Equipment [Table Text Block]		March 31,			December 31,
		2015			2014
	Land and improvements	$	7,861		$	7,803
	Buildings and improvements		102,376			102,254
	Machinery and equipment		66,261			65,240
	Dies and tools		17,863			16,897
	Vehicles		1,391			1,383
	Office equipment and systems		26,730			21,990
	Leasehold improvements		2,542			2,535
	Construction in progress		20,172			20,120
	Gross property and equipment		245,196			238,222
	Accumulated depreciation		(73,812	)		(69,401	)
	Total	$	171,384		$	168,821

Note_7_Product_Warranty_Obliga1

Note 7 - Product Warranty Obligations (Tables)	3 Months Ended
	Mar. 31, 2015
Product Warranties Disclosures [Abstract]
Schedule of Product Warranty Liability [Table Text Block]		Three Months Ended
		March 31,
		2015			2014
	Balance at beginning of period	$	30,909		$	33,734
	Payments		(5,433	)		(6,723	)
	Provision for warranties issued		4,549			6,039
	Changes in estimates for pre-existing warranties		(748	)		(1,143	)
	Balance at end of period	$	29,277		$	31,907
		Three Months Ended
		March 31,
		2015			2014
	Balance at beginning of period	$	27,193		$	23,092
	Deferred revenue on extended warranty contracts sold		1,380			2,219
	Amortization of deferred revenue on extended warranty contracts		(1,042	)		(679	)
	Balance at end of period	$	27,531		$	24,632
Product Warranty Obligations Included in Consolidated Balance Sheet [Table Text Block]		March 31,			December 31,
		2015			2014
	Product warranty liability
	Current portion - other accrued liabilities	$	22,893		$	24,143
	Long-term portion - other long-term liabilities		6,384			6,766
	Total	$	29,277		$	30,909
	Deferred revenue related to extended warranty
	Current portion - other accrued liabilities	$	4,857		$	4,519
	Long-term portion - other long-term liabilities		22,674			22,674
	Total	$	27,531		$	27,193

Note_8_Credit_Agreements_Table

Note 8 - Credit Agreements (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Schedule of Short-term Debt [Table Text Block]		March 31,			December 31,
		2015			2014
	ABL facility	$	-		$	-
	Other lines of credit		3,103			5,359
	Total	$	3,103		$	5,359
Schedule of Long-term Debt Instruments [Table Text Block]		March 31,			December 31,
		2015			2014
	Term loan	$	1,054,000		$	1,104,000
	Original issue discount		(22,029	)		(23,861	)
	Capital lease obligation		1,790			2,059
	Other		355			460
	Total		1,034,116			1,082,658
	Less: current portion of debt		355			389
	Less: current portion of capital lease obligation		151			168
	Total	$	1,033,610		$	1,082,101

Note_9_Earnings_Per_Share_Tabl

Note 9 - Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]		Three Months Ended March 31,
		2015		2014
	Net income (numerator)	$	19,685	$	34,701
	Weighted average shares (denominator)
	Basic		68,806,337		68,421,800
	Dilutive effect of stock compensation awards (1)		1,282,598		1,586,690
	Diluted		70,088,935		70,008,490
	Net income per share
	Basic	$	0.29	$	0.51
	Diluted	$	0.28	$	0.5

Note_2_Derivative_Instruments_2

Note 2 - Derivative Instruments and Hedging Activities (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Oct. 23, 2013
Note 2 - Derivative Instruments and Hedging Activities (Details) [Line Items]
Fair value of derivative contracts excluding impact of credit risk	($4,392)		($1,727)
Not Designated as Hedging Instrument [Member] | Cost of Sales [Member] | Commodity Contract [Member]
Note 2 - Derivative Instruments and Hedging Activities (Details) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	-726	-326
Not Designated as Hedging Instrument [Member] | Cost of Sales [Member] | Foreign Exchange Contract [Member]
Note 2 - Derivative Instruments and Hedging Activities (Details) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	-321	-42
Maximum [Member] | Commodity Contract [Member]
Note 2 - Derivative Instruments and Hedging Activities (Details) [Line Items]
Derivative, Higher Remaining Maturity Range	18 months
Maximum [Member] | Foreign Exchange Contract [Member]
Note 2 - Derivative Instruments and Hedging Activities (Details) [Line Items]
Derivative, Higher Remaining Maturity Range	12 months
Commodity Contract [Member]
Note 2 - Derivative Instruments and Hedging Activities (Details) [Line Items]
Derivative, Number of Instruments Held	3	3	3
Foreign Exchange Contract [Member]
Note 2 - Derivative Instruments and Hedging Activities (Details) [Line Items]
Derivative, Number of Instruments Held	4	2	1
Interest Rate Swap [Member]
Note 2 - Derivative Instruments and Hedging Activities (Details) [Line Items]
Number of New Contracts Entered				2
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	-1,272	-500
Commodity And Foreign Currency Contracts [Member]
Note 2 - Derivative Instruments and Hedging Activities (Details) [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	($1,047)	($368)

Note_2_Derivative_Instruments_3

Note 2 - Derivative Instruments and Hedging Activities (Details) - Fair Value of Derivatives (Fair Value, Inputs, Level 2 [Member], USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Commodity Contract [Member]
Note 2 - Derivative Instruments and Hedging Activities (Details) - Fair Value of Derivatives [Line Items]
Net derivatives	($898)	($515)
Foreign Exchange Contract [Member]
Note 2 - Derivative Instruments and Hedging Activities (Details) - Fair Value of Derivatives [Line Items]
Net derivatives	-321	-149
Interest Rate Swap [Member]
Note 2 - Derivative Instruments and Hedging Activities (Details) - Fair Value of Derivatives [Line Items]
Net derivatives	($3,119)	($1,045)

Note_3_Fair_Value_Measurements1

Note 3 - Fair Value Measurements (Details) (USD $)	Mar. 31, 2015
Note 3 - Fair Value Measurements (Details) [Line Items]
Long-term Debt	$1,032,326
Fair Value, Inputs, Level 2 [Member]
Note 3 - Fair Value Measurements (Details) [Line Items]
Long-term Debt, Fair Value	$1,027,164

Note_4_Accumulated_Other_Compr2

Note 4 - Accumulated Other Comprehensive Loss (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Disclosure Text Block [Abstract]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	($2,074)	($783)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	$802	$283

Note_4_Accumulated_Other_Compr3

Note 4 - Accumulated Other Comprehensive Loss (Details) - Disclosure of Changes in Accumulated Other Comprehensive Loss (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance – January 1, 2015	($15,767)	($2,415)
Ending Balance – March 31, 2015	-22,585	-2,844
Other comprehensive loss before reclassifications	-6,818	-429
Net current-period other comprehensive loss	-6,818	-429
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance – January 1, 2015	-1,878	1,204
Ending Balance – March 31, 2015	-7,424	1,275
Other comprehensive loss before reclassifications	-5,546	71
Net current-period other comprehensive loss	-5,546	71
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance – January 1, 2015	-13,243	-4,393
Ending Balance – March 31, 2015	-13,243	-4,393
Other comprehensive loss before reclassifications	0	0
Amounts reclassified from AOCL	0	0
Net current-period other comprehensive loss	0	0
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance – January 1, 2015	-646	774
Ending Balance – March 31, 2015	-1,918	274
Other comprehensive loss before reclassifications	-1,272	-500
Net current-period other comprehensive loss	($1,272)	($500)

Note_5_Segment_Reporting_Detai

Note 5 - Segment Reporting (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Note 5 - Segment Reporting (Details) [Line Items]
Number of Operating Segments	1
Geographic Concentration Risk [Member] | UNITED STATES | Sales Revenue, Net [Member]
Note 5 - Segment Reporting (Details) [Line Items]
Concentration Risk, Percentage	86.00%	85.00%
Geographic Concentration Risk [Member] | UNITED STATES | Net Assets, Geographic Area [Member]
Note 5 - Segment Reporting (Details) [Line Items]
Concentration Risk, Percentage	91.00%		90.00%

Note_5_Segment_Reporting_Detai1

Note 5 - Segment Reporting (Details) - Net Sales by Segment (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Revenue from External Customer [Line Items]
Net sales	$311,818	$342,008
Residential Power Products [Member]
Revenue from External Customer [Line Items]
Net sales	156,835	163,969
Commercial and Industrial Power Products [Member]
Revenue from External Customer [Line Items]
Net sales	133,763	157,370
Other Products and Services [Member]
Revenue from External Customer [Line Items]
Net sales	$21,220	$20,669

Note_6_Balance_Sheet_Details_D

Note 6 - Balance Sheet Details (Details) - Inventories (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Inventories [Abstract]
Raw material	$195,790	$184,407
Work-in-process	6,831	8,798
Finished goods	164,541	135,567
Reserves for excess and obsolete	-10,233	-9,387
Total	$356,929	$319,385

Note_6_Balance_Sheet_Details_D1

Note 6 - Balance Sheet Details (Details) - Property and Equipment (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Property, Plant and Equipment [Line Items]
Gross property and equipment	$245,196	$238,222
Accumulated depreciation	-73,812	-69,401
Total	171,384	168,821
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment	7,861	7,803
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment	102,376	102,254
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment	66,261	65,240
Dies and Tools [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment	17,863	16,897
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment	1,391	1,383
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment	26,730	21,990
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment	2,542	2,535
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment	$20,172	$20,120

Note_7_Product_Warranty_Obliga2

Note 7 - Product Warranty Obligations (Details) - Reconciliation of Product Warranty Liability (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Reconciliation of Product Warranty Liability [Abstract]
Balance at beginning of period	$30,909	$33,734
Payments	-5,433	-6,723
Provision for warranties issued	4,549	6,039
Changes in estimates for pre-existing warranties	-748	-1,143
Balance at end of period	29,277	31,907
Balance at beginning of period	27,193	23,092
Deferred revenue on extended warranty contracts sold	1,380	2,219
Amortization of deferred revenue on extended warranty contracts	-1,042	-679
Balance at end of period	$27,531	$24,632

Note_7_Product_Warranty_Obliga3

Note 7 - Product Warranty Obligations (Details) - Deferred Product Obligations (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Product warranty liability
Current portion - other accrued liabilities	$22,893	$24,143
Long-term portion - other long-term liabilities	6,384	6,766
Total	29,277	30,909	31,907	33,734
Deferred revenue related to extended warranty
Current portion - other accrued liabilities	4,857	4,519
Long-term portion - other long-term liabilities	22,674	22,674
Total	$27,531	$27,193	$24,632	$23,092

Note_8_Credit_Agreements_Detai

Note 8 - Credit Agreements (Details) (USD $)	3 Months Ended	0 Months Ended	1 Months Ended			3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Apr. 01, 2014	Dec. 31, 2014	Sep. 30, 2014	Apr. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	31-May-13
Note 8 - Credit Agreements (Details) [Line Items]
Cash and Cash Equivalents, at Carrying Value	150,085		$189,761				$173,740	$150,147
Short-term Debt	3,103		5,359
Net Debt Leverage Ratio Threshold [Member] | Base Rate [Member] | Term Loan [Member]
Note 8 - Credit Agreements (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.50%
Net Debt Leverage Ratio Threshold [Member] | Adjusted LIBOR Rate [Member] | Term Loan [Member]
Note 8 - Credit Agreements (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.50%
Foreign Line of Credit [Member]
Note 8 - Credit Agreements (Details) [Line Items]
Short-term Debt	3,103		5,359
Base Rate [Member] | Term Loan [Member]
Note 8 - Credit Agreements (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Base Rate [Member] | ABL Revolving Credit Facility [Member]
Note 8 - Credit Agreements (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.00%
Adjusted LIBOR Rate [Member] | Term Loan [Member]
Note 8 - Credit Agreements (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.75%
Adjusted LIBOR Rate [Member] | ABL Revolving Credit Facility [Member]
Note 8 - Credit Agreements (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.00%
LIBOR Floor Rate [Member] | Term Loan [Member]
Note 8 - Credit Agreements (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.75%
Term Loan [Member]
Note 8 - Credit Agreements (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity									1,200,000
Uncommitted Incremental Term Loan Facility									300,000
Net Debt Leverage Ratio Threshold	3
Net Debt Leverage Ratio Achieved	3	3
Debt Instrument, Interest Rate, Increase (Decrease)						0.25%
Gain on Change in Contractual Interest Rate						16,014
Repayments of Long-term Debt	50,000		25,000	50,000	12,000
Write off of Deferred Debt Issuance Cost	1,368		2,084
ABL Revolving Credit Facility [Member]
Note 8 - Credit Agreements (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity									150,000
Long-term Line of Credit	0
Line of Credit Facility, Remaining Borrowing Capacity	148,500

Note_8_Credit_Agreements_Detai1

Note 8 - Credit Agreements (Details) - Short-term Borrowings (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Short-term Debt [Line Items]
Short-term borrowings	$3,103	$5,359
ABL Revolving Credit Facility [Member]
Short-term Debt [Line Items]
Short-term borrowings	0	0
Other Lines of Credit [Member]
Short-term Debt [Line Items]
Short-term borrowings	$3,103	$5,359

Note_8_Credit_Agreements_Detai2

Note 8 - Credit Agreements (Details) - Long-term Borrowings (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Long-term Borrowings [Abstract]
Term loan	$1,054,000	$1,104,000
Original issue discount	-22,029	-23,861
Capital lease obligation	1,790	2,059
Other	355	460
Total	1,034,116	1,082,658
Less: current portion of debt	355	389
Less: current portion of capital lease obligation	151	168
Total	$1,033,610	$1,082,101

Note_9_Earnings_Per_Share_Deta

Note 9 - Earnings Per Share (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Equity Option [Member]
Note 9 - Earnings Per Share (Details) [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	89,100	22,000
Restricted Stock [Member]
Note 9 - Earnings Per Share (Details) [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	200	400

Note_9_Earnings_Per_Share_Deta1

Note 9 - Earnings Per Share (Details) - Reconciliation of Basic and Diluted Earnings Per Share (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Reconciliation of Basic and Diluted Earnings Per Share [Abstract]
Net income (numerator) (in Dollars)	$19,685		$34,701
Weighted average shares (denominator)
Basic	68,806,337		68,421,800
Dilutive effect of stock compensation awards (1)	1,282,598	[1]	1,586,690	[1]
Diluted	70,088,935		70,008,490
Net income per share
Basic (in Dollars per share)	$0.29		$0.51
Diluted (in Dollars per share)	$0.28		$0.50
[1]	Excludes approximately 89,100 stock options and 200 shares of restricted stock for the three month period ended March 31, 2015, as the impact of such awards was anti-dilutive. Excludes approximately 22,000 stock options and 400 shares of restricted stock for the three month periods ended March 31, 2014, as the impact of such awards was anti-dilutive.

Note_10_Income_Taxes_Details

Note 10 - Income Taxes (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	35.90%	36.00%

Note_11_Commitments_and_Contin1

Note 11 - Commitments and Contingencies (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Commitments and Contingencies Disclosure [Abstract]
Amount Financed by Dealers	$30,500	$26,100