Generac (GNRC) 10-Q 7 Aug 15 2015 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 03, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	GENERAC HOLDINGS INC.
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		69,247,223
Amendment Flag	false
Entity Central Index Key	1,474,735
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	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 155,575	$ 189,761
Accounts receivable, less allowance for doubtful accounts	160,475	189,107
Inventories	385,848	319,385
Deferred income taxes	32,088	22,841
Prepaid expenses and other assets	12,944	9,384
Total current assets	746,930	730,478
Property and equipment, net	174,655	168,821
Customer lists, net	33,634	41,002
Patents, net	51,676	56,894
Other intangible assets, net	4,189	4,298
Trade names, net	177,006	182,684
Goodwill	639,002	635,565
Deferred financing costs, net	13,554	16,243
Deferred income taxes	30,700	46,509
Other assets	41	48
Total assets	1,871,387	1,882,542
Current liabilities:
Short-term borrowings	2,993	5,359
Accounts payable	149,445	132,248
Accrued wages and employee benefits	15,531	17,544
Other accrued liabilities	77,626	84,814
Current portion of long-term borrowings and capital lease obligations	407	557
Total current liabilities	246,002	240,522
Long-term borrowings and capital lease obligations	1,035,237	1,082,101
Deferred income taxes	14,809	13,449
Other long-term liabilities	55,529	56,671
Total liabilities	1,351,577	1,392,743
Stockholders’ equity:
Common stock, par value $0.01, 500,000,000 shares authorized, 69,509,423 and 69,122,271 shares issued at June 30, 2015 and December 31, 2014, respectively	695	691
Additional paid-in capital	440,033	434,906
Treasury stock, at cost	(11,501)	(8,341)
Excess purchase price over predecessor basis	(202,116)	(202,116)
Retained earnings	314,955	280,426
Accumulated other comprehensive loss	(22,256)	(15,767)
Total stockholders’ equity	519,810	489,799
Total liabilities and stockholders’ equity	$ 1,871,387	$ 1,882,542

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jun. 30, 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	69,509,423	69,122,271

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net sales	$ 288,360	$ 362,609	$ 600,178	$ 704,617
Costs of goods sold	192,463	234,597	401,678	457,091
Gross profit	95,897	128,012	198,500	247,526
Operating expenses:
Selling and service	28,474	29,115	58,602	57,084
Research and development	8,412	8,012	16,575	15,758
General and administrative	13,564	12,503	27,770	25,651
Amortization of intangible assets	5,980	5,099	11,175	10,444
Gain on remeasurement of contingent consideration		(4,877)		(4,877)
Total operating expenses	56,430	49,852	114,122	104,060
Income from operations	39,467	78,160	84,378	143,466
Other (expense) income:
Interest expense	(10,763)	(11,428)	(22,031)	(23,117)
Investment income	35	42	72	81
Loss on extinguishment of debt	(3,427)		(4,795)
Gain on change in contractual interest rate		16,014		16,014
Other, net	(1,840)	(366)	(3,449)	202
Total other expense, net	(15,995)	4,262	(30,203)	(6,820)
Income before provision for income taxes	23,472	82,422	54,175	136,646
Provision for income taxes	8,628	28,397	19,646	47,920
Net income	$ 14,844	$ 54,025	$ 34,529	$ 88,726
Net income per common share - basic: (in Dollars per share)	$ 0.22	$ 0.79	$ 0.50	$ 1.30
Weighted average common shares outstanding - basic: (in Shares)	68,961,877	68,538,251	68,886,672	68,481,682
Net income per common share - diluted: (in Dollars per share)	$ 0.21	$ 0.77	$ 0.49	$ 1.27
Weighted average common shares outstanding - diluted: (in Shares)	70,063,063	70,087,976	70,099,940	70,088,438
Comprehensive income	$ 15,173	$ 52,730	$ 28,040	$ 87,002

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating Activities
Net income	$ 34,529	$ 88,726
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	7,988	6,512
Amortization of intangible assets	11,175	10,444
Amortization of original issue discount	1,948	1,514
Amortization of deferred financing costs	1,396	1,507
Loss on extinguishment of debt	4,795
Gain on change in contractual interest rate		(16,014)
Gain on remeasurement of contingent consideration		(4,877)
Provision for losses on accounts receivable	263	115
Deferred income taxes	8,935	28,145
Loss on disposal of property and equipment	22	95
Share-based compensation expense	5,090	6,203
Net changes in operating assets and liabilities:
Accounts receivable	29,944	(38,924)
Inventories	(66,312)	12,460
Other assets	(3,198)	839
Accounts payable	17,377	6,717
Accrued wages and employee benefits	(1,735)	(10,427)
Other accrued liabilities	(1,744)	(521)
Excess tax benefits from equity awards	(8,894)	(7,229)
Net cash provided by operating activities	41,579	85,285
Investing Activities
Proceeds from sale of property and equipment	88	7
Expenditures for property and equipment	(14,258)	(13,317)
Acquisition of business	233	(429)
Net cash used in investing activities	(13,937)	(13,739)
Financing Activities
Proceeds from short-term borrowings	9,000	4,000
Proceeds from long-term borrowings	100,000
Repayments of short-term borrowings	(11,366)	(7,066)
Repayments of long-term borrowings and capital lease obligations	(150,453)	(18,567)
Payment of debt issuance costs	(2,060)	(4)
Cash dividends paid	(1,427)	(459)
Taxes paid related to the net share settlement of equity awards	(12,347)	(8,950)
Excess tax benefits from equity awards	8,894	7,229
Proceeds from exercise of stock options	7
Net cash used in financing activities	(59,752)	(23,817)
Effect of exchange rate changes on cash and cash equivalents	(2,076)	83
Net (decrease) increase in cash and cash equivalents	(34,186)	47,812
Cash and cash equivalents at beginning of period	189,761	150,147
Cash and cash equivalents at end of period	$ 155,575	$ 197,959

Note 1 - Description of Busines

Note 1 - Description of Business and Basis of Presentation	6 Months Ended
	Jun. 30, 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) 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. The Company has executed a number of acquisitions that support our strategic plan (as defined in Item 1 of our Annual Report on Form 10-K for the year ended December 31, 2014). 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 June 30, 2015, the condensed consolidated statements of comprehensive income for the three and six months ended June 30, 2015 and 2014, and the condensed consolidated statements of cash flows for the six months ended June 30, 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 In April 2015, the FASB issued ASU 2015-03, Interest – Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs 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 - Acquisitions

Note 2 - Acquisitions	6 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	2. Acquisitions Acquisition of MAC On October 1, 2014, a subsidiary of the Company acquired MAC for a purchase price, net of cash acquired of $55,690. Headquartered in Bismarck, North Dakota, MAC is a leading manufacturer of premium-grade commercial and industrial mobile heaters within the United States and Canada. The acquisition was funded solely through cash. The Company recorded a preliminary purchase price allocation during the fourth quarter of 2014 based upon its estimates of the fair value of the acquired assets and assumed liabilities. As a result, the Company recorded approximately $49,378 of intangible assets, including approximately $25,898 of goodwill, as of the acquisition date. The purchase price allocation was updated during the second quarter of 2015, resulting in a $3,272 decrease to total intangible assets and an increase of $3,437 to goodwill. The goodwill ascribed to this acquisition is not deductible for tax purposes. The accompanying consolidated financial statements include the results of MAC for the three and six month periods ended June 30, 2015.

Note 3 - Derivative Instruments

Note 3 - Derivative Instruments and Hedging Activities	6 Months Ended
	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments and Hedging Activities Disclosure [Text Block]	3 . Derivative Instruments and Hedging Activities The Company records all derivatives in accordance with Accounting Standards Codification (ASC) 815, Derivatives and Hedging 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 in raw materials. 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 June 30, 2015, December 31, 2014 and June 30, 2014, the Company had three, three and two commodity contracts outstanding, respectively, 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 and six months ended June 30, 2015 were $315 and $1,041, respectively. Net (gains) losses recognized for the three and six months ended June 30, 2014 were $(279) and $47, 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 June 30, 2015, December 31, 2014 and June 30, 2014, the Company had two, 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 and six months ended June 30, 2015 were $37 and $358, respectively. Net losses recognized for the three and six months ended June 30, 2014 were $55 and $97, 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. Fair Value The following table presents the fair value of all of the Company’s derivatives: June 30 , 5 December 31, 4 Commodity contracts $ (979 ) $ (515 ) Foreign currency contracts (41 ) (149 ) Interest rate swaps (2,688 ) (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 June 30, 2015 and December 31, 2014. Excluding the impact of credit risk, the fair value of the derivative contracts as of June 30, 2015 and December 31, 2014 is a liability of $3,755 and $1,727, respectively, which represents the amount the Company would need to pay to exit the agreements on those dates. The amount of (gains) 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 and six months ended June 30, 2015 were $(266) and $1,006, respectively. The amount of losses for the three and six months ended June 30, 2014 were $1,208 and $1,708, 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 and six months ended June 30, 2015 were $352 and $1,399, respectively. The amount of (gains) losses for the three and six months ended June 30, 2014 were $(224) and $144, respectively.

Note 4 - Fair Value Measurement

Note 4 - Fair Value Measurements	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	4 . Fair Value Measurements ASC 820-10, Fair Value Measurement, The Company believes the carrying amount of its financial instruments (cash and cash equivalents, accounts receivable, accounts payable, accrued liabilities, short-term borrowings and ABL facility borrowings), excluding Term Loan long-term borrowings, approximates the fair value of these instruments based upon their short-term nature. The fair value of Term Loan long-term borrowings, including amounts classified as current, which have an aggregate carrying value of $933,826, was approximately $925,655 (Level 2) at June 30, 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 3, “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 5 - Accumulated Other Comp

Note 5 - Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2015
Disclosure Text Block [Abstract]
Comprehensive Income (Loss) Note [Text Block]	5 . Accumulated Other Comprehensive Loss The following presents a tabular disclosure of changes in AOCL during the three and six months ended June 30, 2015 and 2014, net of tax: Foreign Currency Translation Adjustments Defined Benefit Pension Plan Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – April 1, 2015 $ (7,424 ) $ (13,243 ) $ (1,918 ) $ (22,585 ) Other comprehensive income before reclassifications 63 - 266 (1) 329 Amounts reclassified from AOCL - - - - Net current-period other comprehensive income 63 - 266 329 Ending Balance – June 30, 2015 $ (7,361 ) $ (13,243 ) $ (1,652 ) $ (22,256 ) Foreign Currency Translation Adjustments Defined Benefit Pension Plan Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – April 1, 2014 $ 1,275 $ (4,393 ) $ 274 $ (2,844 ) Other comprehensive loss before reclassifications (87 ) - (1,208 ) (2) (1,295 ) Amounts reclassified from AOCL - - - - Net current-period other comprehensive loss (87 ) - (1,208 ) (1,295 ) Ending Balance – June 30, 2014 $ 1,188 $ (4,393 ) $ (934 ) $ (4,139 ) Foreign Currency Translation Adjustments Defined Benefit Pension Plan Unrealized Loss on Cash Flow Hedges Total Beginning Balance – January 1, 2015 $ (1,878 ) $ (13,243 ) $ (646 ) $ (15,767 ) Other comprehensive loss before reclassifications (5,483 ) - (1,006 ) (3) (6,489 ) Amounts reclassified from AOCL - - - - Net current-period other comprehensive loss (5,483 ) - (1,006 ) (6,489 ) Ending Balance – June 30, 2015 $ (7,361 ) $ (13,243 ) $ (1,652 ) $ (22,256 ) Foreign Currency Translation Adjustments Defined Benefit Pension Plan Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – January 1, 2014 $ 1,204 $ (4,393 ) $ 774 $ (2,415 ) Other comprehensive loss before reclassifications (16 ) - (1,708 ) (4) (1,724 ) Amounts reclassified from AOCL - - - - Net current-period other comprehensive loss (16 ) - (1,708 ) (1,724 ) Ending Balance – June 30, 2014 $ 1,188 $ (4,393 ) $ (934 ) $ (4,139 ) (1) Represents unrealized gains of $431, net of tax effect of $(165) for the three months ended June 30, 2015. (2) Represents unrealized losses of $(1,887), net of tax benefit of $679 for the three months ended June 30, 2014. (3) Represents unrealized losses of $(1,643), net of tax benefit of $637 for the six months ended June 30, 2015. (4) Represents unrealized losses of $(2,670), net of tax benefit of $962 for the six months ended June 30, 2014.

Note 6 - Segment Reporting

Note 6 - Segment Reporting	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	6 . 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 84% and 85% of total sales for the three months ended June 30, 2015 and 2014, respectively, and represented 85% of total sales for the six months ended June 30, 2015 and 2014. Approximately 91% and 90% of the Company’s identifiable long-lived assets are located in the United States at June 30, 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 June 30, Six Months Ended June 30, 2015 2014 2015 2014 Residential products $ 133,466 $ 179,592 $ 290,301 $ 343,561 Commercial & industrial products 134,580 163,467 268,343 320,837 Other 20,314 19,550 41,534 40,219 Total $ 288,360 $ 362,609 $ 600,178 $ 704,617

Note 7 - Balance Sheet Details

Note 7 - Balance Sheet Details	6 Months Ended
	Jun. 30, 2015
Disclosure Text Block Supplement [Abstract]
Supplemental Balance Sheet Disclosures [Text Block]	7 . Balance Sheet Details Inventories consist of the following: June 30, 2015 December 31, 2014 Raw material $ 202,695 $ 184,407 Work-in-process 5,300 8,798 Finished goods 186,969 135,567 Reserves for excess and obsolete (9,116 ) (9,387 ) Total $ 385,848 $ 319,385 Property and equipment consists of the following: June 30, 2015 December 31, 2014 Land and improvements $ 7,815 $ 7,803 Buildings and improvements 103,093 102,254 Machinery and equipment 67,551 65,240 Dies and tools 18,367 16,897 Vehicles 1,277 1,383 Office equipment and systems 27,174 21,990 Leasehold improvements 2,837 2,535 Construction in progress 24,012 20,120 Gross property and equipment 252,126 238,222 Accumulated depreciation (77,471 ) (69,401 ) Total $ 174,655 $ 168,821

Note 8- Product Warranty Obliga

Note 8- Product Warranty Obligations	6 Months Ended
	Jun. 30, 2015
Product Warranties Disclosures [Abstract]
Product Warranty Disclosure [Text Block]	8 . 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 E nded June 30 , Six Months Ended June 30, 201 5 201 4 2015 2014 Balance at beginning of period $ 29,277 $ 31,907 $ 30,909 $ 33,734 Payments (5,100 ) (4,076 ) (10,533 ) (11,024 ) Provision for warranties issued 4,480 5,764 9,029 12,028 Changes in estimates for pre-existing warranties (472 ) (1,424 ) (1,220 ) (2,567 ) Balance at end of period $ 28,185 $ 32,171 $ 28,185 $ 32,171 The following is a tabular reconciliation of the deferred revenue related to extended warranty coverage: Three Months E nded June 30 , Six Months Ended June 30, 201 5 201 4 2015 2014 Balance at beginning of period $ 27,531 $ 24,632 $ 27,193 $ 23,092 Deferred revenue on extended warranty contracts sold 810 1,795 2,190 4,014 Amortization of deferred revenue on extended warranty contracts (1,100 ) (748 ) (2,142 ) (1,427 ) Balance at end of period $ 27,241 $ 25,679 $ 27,241 $ 25,679 Product warranty obligations and extended warranty related deferred revenues are included in the condensed consolidated balance sheets as follows: June 30 , December 31, 201 5 201 4 Product warranty liability Current portion - other accrued liabilities $ 21,801 $ 24,143 Long-term portion - other long-term liabilities 6,384 6,766 Total $ 28,185 $ 30,909 Deferred revenue related to extended warranty Current portion - other accrued liabilities $ 4,567 $ 4,519 Long-term portion - other long-term liabilities 22,674 22,674 Total $ 27,241 $ 27,193

Note 9 - Credit Agreements

Note 9 - Credit Agreements	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	9 . Credit Agreements Short-term borrowings are included in the condensed consolidated balance sheets as follows: June 30 , December 31, 201 5 201 4 ABL facility $ - $ - Other lines of credit 2,993 5,359 Total $ 2,993 $ 5,359 Long-term borrowings are included in the condensed consolidated balance sheets as follows: June 30 , December 31, 201 5 201 4 Term loan $ 954,000 $ 1,104,000 Original issue discount (20,423 ) (23,861 ) ABL facility 100,000 - Capital lease obligation 1,818 2,059 Other 249 460 Total 1,035,644 1,082,658 Less: current portion of debt 249 389 Less: current portion of capital lease obligation 158 168 Total $ 1,035,237 $ 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 Company’s wholly-owned domestic restricted subsidiaries, and is secured by associated collateral agreements which pledge a first priority lien on virtually all of the Company’s assets, including fixed assets and intangibles, other than all cash, trade accounts receivable, inventory, and other current assets and proceeds thereof, which are secured by a second priority lien. 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 was reduced to 1.50% and the applicable margin related to LIBOR rate loans was 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 Company’s net debt leverage ratio was below 3.00 to 1.00 on April 1, 2014, it 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 Company’s net debt leverage ratio as of June 30, 2015 was above 3.00 to 1.00. Therefore, the Company will realize a 25 basis point increase in borrowing costs beginning in the third quarter of 2015, and as a result, a cumulative catch-up loss will be recorded in the third quarter of 2015, which will not have a significant impact on the results of operations. On May 18, 2015, the Company amended certain provisions and covenants of its Term Loan. In connection with this amendment and in accordance with ASC 470-50, Debt Modifications and Extinguishments As of June 30, 2015, the Company is in compliance with all covenants of the Term Loan. There are no financial maintenance covenants on the Term Loan. The Company’s credit agreements also provided for a $150,000 senior secured ABL revolving credit facility (ABL Facility). The maturity date of the ABL Facility was May 31, 2018. Borrowings under the ABL Facility are guaranteed by all of the Company’s wholly-owned domestic restricted subsidiaries, 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 Company and certain domestic subsidiaries. ABL Facility borrowings initially bore 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. On May 29, 2015, the Company amended its ABL Facility. The amendment (i) increases the ABL Facility from $150,000 to $250,000 (Amended ABL Facility), (ii) extends the maturity date from May 31, 2018 to May 29, 2020, (iii) increases the uncommitted incremental facility from $50,000 to $100,000, (iv) reduces the interest rate spread by 50 basis points and (v) reduces the unused line fee by 12.5 basis points across all tiers. Additionally, the amendment relaxes certain restrictions on the Company’s ability to, among other things, (i) make additional investments and acquisitions (including foreign acquisitions), (ii) make restricted payments and (iii) incur additional secured and unsecured debt (including foreign subsidiary debt). In connection with this amendment and in accordance with ASC 470-50, the Company capitalized $483 of new debt issuance costs in the second quarter of 2015. On May 29, 2015, the Company borrowed $100,000 under the Amended ABL Facility, which was used as a voluntary prepayment towards the Term Loan. As of June 30, 2015, there was $100,000 outstanding under the Amended ABL Facility, leaving $133,100 of availability, net of outstanding letters of credit. 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 and May 29, 2015, the Company made voluntary prepayments of the Term Loan of $50,000 and $100,000, respectively, which will be applied to the Excess Cash Flow payment requirement in the Term Loan. As a result of the prepayments, the Company wrote off $4,795 of original issue discount and capitalized debt issuance costs in the first half of 2015 as a loss on extinguishment of debt in the condensed consolidated statement of comprehensive income. As of June 30, 2015 and December 31, 2014, short-term borrowings consisted of borrowings by our foreign subsidiaries on local lines of credit, which totaled $2,993 and $5,359, respectively.

Note 10 - Earnings Per Share

Note 10 - Earnings Per Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	10 . 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 June 30, Six Months Ended June 30, 2015 2014 2015 2014 Net income (numerator) $ 14,844 $ 54,025 $ 34,529 $ 88,726 Weighted average shares (denominator) Basic 68,961,877 68,538,251 68,886,672 68,481,682 Dilutive effect of stock compensation awards (1) 1,101,186 1,549,725 1,213,268 1,606,756 Diluted 70,063,063 70,087,976 70,099,940 70,088,438 Net income per share Basic $ 0.22 $ 0.79 $ 0.50 $ 1.30 Diluted $ 0.21 $ 0.77 $ 0.49 $ 1.27 (1) Excludes approximately 142,900 stock options and 2,300 shares of restricted stock for the three month period ended June 30, 2015 and 104,400 stock options for the six month period ended June 30, 2015, as the impact of such awards was anti-dilutive. Excludes approximately 64,800 and 70,400 stock options for the three and six month periods ended June 30, 2014, respectively, as the impact of such awards was anti-dilutive.

Note 11 - Income Taxes

Note 11 - Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	11 . Income Taxes The effective income tax rates for the six months ended June 30, 2015 and 2014 were 36.3% and 35.1%, respectively. The increase in the effective income tax rate is partially attributable to a decrease in the Company’s federal domestic production activity deduction due to lower pre-tax income during the first half of 2015 compared to the first half of 2014. In addition, during the second quarter of 2014, the company recognized a gain related to certain earn-out obligation adjustments in connection with acquisitions; the gain was not taxable and decreased the effective tax rate during that period.

Note 12 - Commitments and Conti

Note 12 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	1 2 . 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 June 30, 2015 and December 31, 2014 was approximately $33,700 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 13 - Subsequent Events

Note 13 - Subsequent Events	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	13. Subsequent Events On August 1, 2015, the Company acquired Country Home Products and its subsidiaries. With over 200 employees, Country Home Products is a leading manufacturer of high-quality, innovative, professional-grade engine-powered equipment used in a wide variety of property maintenance applications in North America. The acquisition provides an expanded product lineup and additional scale to the Company’s residential engine-powered tools platform and is expected to create cross-selling opportunities with existing distribution, along with certain potential cost synergies by leveraging existing global sourcing and manufacturing capabilities. On August 5, 2015, the Company’s Board of Directors approved a $200,000 stock repurchase program. Under the stock repurchase program, the Company may repurchase up to $200,000 of its common stock over the next 24 months. The Company may repurchase its common stock from time to time, in amounts and at prices the Company deems appropriate, subject to market conditions and other considerations. The Company's repurchase may be executed using open market purchases, privately negotiated agreements or other transactions. The actual timing, number and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors, including the market price of the Company’s shares of common stock and general market and economic conditions, applicable legal requirements, and compliance with the terms of the Company’s outstanding indebtedness. The repurchases will be funded from cash on hand, available borrowings or proceeds from potential debt or other capital markets sources. The stock repurchase program may be suspended or discontinued at any time without prior notice.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	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 In April 2015, the FASB issued ASU 2015-03, Interest – Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs 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 3 - Derivative Instrumen20

Note 3 - Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Assets Liabilities at Fair Value [Table Text Block]	June 30 , 5 December 31, 4 Commodity contracts $ (979 ) $ (515 ) Foreign currency contracts (41 ) (149 ) Interest rate swaps (2,688 ) (1,045 )

Note 5 - Accumulated Other Co21

Note 5 - Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2015
Disclosure Text Block [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Foreign Currency Translation Adjustments Defined Benefit Pension Plan Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – April 1, 2015 $ (7,424 ) $ (13,243 ) $ (1,918 ) $ (22,585 ) Other comprehensive income before reclassifications 63 - 266 (1) 329 Amounts reclassified from AOCL - - - - Net current-period other comprehensive income 63 - 266 329 Ending Balance – June 30, 2015 $ (7,361 ) $ (13,243 ) $ (1,652 ) $ (22,256 ) Foreign Currency Translation Adjustments Defined Benefit Pension Plan Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – April 1, 2014 $ 1,275 $ (4,393 ) $ 274 $ (2,844 ) Other comprehensive loss before reclassifications (87 ) - (1,208 ) (2) (1,295 ) Amounts reclassified from AOCL - - - - Net current-period other comprehensive loss (87 ) - (1,208 ) (1,295 ) Ending Balance – June 30, 2014 $ 1,188 $ (4,393 ) $ (934 ) $ (4,139 ) Foreign Currency Translation Adjustments Defined Benefit Pension Plan Unrealized Loss on Cash Flow Hedges Total Beginning Balance – January 1, 2015 $ (1,878 ) $ (13,243 ) $ (646 ) $ (15,767 ) Other comprehensive loss before reclassifications (5,483 ) - (1,006 ) (3) (6,489 ) Amounts reclassified from AOCL - - - - Net current-period other comprehensive loss (5,483 ) - (1,006 ) (6,489 ) Ending Balance – June 30, 2015 $ (7,361 ) $ (13,243 ) $ (1,652 ) $ (22,256 ) Foreign Currency Translation Adjustments Defined Benefit Pension Plan Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – January 1, 2014 $ 1,204 $ (4,393 ) $ 774 $ (2,415 ) Other comprehensive loss before reclassifications (16 ) - (1,708 ) (4) (1,724 ) Amounts reclassified from AOCL - - - - Net current-period other comprehensive loss (16 ) - (1,708 ) (1,724 ) Ending Balance – June 30, 2014 $ 1,188 $ (4,393 ) $ (934 ) $ (4,139 )

Note 6 - Segment Reporting (Tab

Note 6 - Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Revenue from External Customers by Products and Services [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Residential products $ 133,466 $ 179,592 $ 290,301 $ 343,561 Commercial & industrial products 134,580 163,467 268,343 320,837 Other 20,314 19,550 41,534 40,219 Total $ 288,360 $ 362,609 $ 600,178 $ 704,617

Note 7 - Balance Sheet Details

Note 7 - Balance Sheet Details (Tables)	6 Months Ended
	Jun. 30, 2015
Disclosure Text Block Supplement [Abstract]
Schedule of Inventory, Current [Table Text Block]	June 30, 2015 December 31, 2014 Raw material $ 202,695 $ 184,407 Work-in-process 5,300 8,798 Finished goods 186,969 135,567 Reserves for excess and obsolete (9,116 ) (9,387 ) Total $ 385,848 $ 319,385
Property, Plant and Equipment [Table Text Block]	June 30, 2015 December 31, 2014 Land and improvements $ 7,815 $ 7,803 Buildings and improvements 103,093 102,254 Machinery and equipment 67,551 65,240 Dies and tools 18,367 16,897 Vehicles 1,277 1,383 Office equipment and systems 27,174 21,990 Leasehold improvements 2,837 2,535 Construction in progress 24,012 20,120 Gross property and equipment 252,126 238,222 Accumulated depreciation (77,471 ) (69,401 ) Total $ 174,655 $ 168,821

Note 8- Product Warranty Obli24

Note 8- Product Warranty Obligations (Tables)	6 Months Ended
	Jun. 30, 2015
Product Warranties Disclosures [Abstract]
Schedule of Product Warranty Liability [Table Text Block]	Three Months E nded June 30 , Six Months Ended June 30, 201 5 201 4 2015 2014 Balance at beginning of period $ 29,277 $ 31,907 $ 30,909 $ 33,734 Payments (5,100 ) (4,076 ) (10,533 ) (11,024 ) Provision for warranties issued 4,480 5,764 9,029 12,028 Changes in estimates for pre-existing warranties (472 ) (1,424 ) (1,220 ) (2,567 ) Balance at end of period $ 28,185 $ 32,171 $ 28,185 $ 32,171 Three Months E nded June 30 , Six Months Ended June 30, 201 5 201 4 2015 2014 Balance at beginning of period $ 27,531 $ 24,632 $ 27,193 $ 23,092 Deferred revenue on extended warranty contracts sold 810 1,795 2,190 4,014 Amortization of deferred revenue on extended warranty contracts (1,100 ) (748 ) (2,142 ) (1,427 ) Balance at end of period $ 27,241 $ 25,679 $ 27,241 $ 25,679
Product Warranty Obligations Included in Consolidated Balance Sheet [Table Text Block]	June 30 , December 31, 201 5 201 4 Product warranty liability Current portion - other accrued liabilities $ 21,801 $ 24,143 Long-term portion - other long-term liabilities 6,384 6,766 Total $ 28,185 $ 30,909 Deferred revenue related to extended warranty Current portion - other accrued liabilities $ 4,567 $ 4,519 Long-term portion - other long-term liabilities 22,674 22,674 Total $ 27,241 $ 27,193

Note 9 - Credit Agreements (Tab

Note 9 - Credit Agreements (Tables)	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Schedule of Short-term Debt [Table Text Block]	June 30 , December 31, 201 5 201 4 ABL facility $ - $ - Other lines of credit 2,993 5,359 Total $ 2,993 $ 5,359
Schedule of Long-term Debt Instruments [Table Text Block]	June 30 , December 31, 201 5 201 4 Term loan $ 954,000 $ 1,104,000 Original issue discount (20,423 ) (23,861 ) ABL facility 100,000 - Capital lease obligation 1,818 2,059 Other 249 460 Total 1,035,644 1,082,658 Less: current portion of debt 249 389 Less: current portion of capital lease obligation 158 168 Total $ 1,035,237 $ 1,082,101

Note 10 - Earnings Per Share (T

Note 10 - Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Net income (numerator) $ 14,844 $ 54,025 $ 34,529 $ 88,726 Weighted average shares (denominator) Basic 68,961,877 68,538,251 68,886,672 68,481,682 Dilutive effect of stock compensation awards (1) 1,101,186 1,549,725 1,213,268 1,606,756 Diluted 70,063,063 70,087,976 70,099,940 70,088,438 Net income per share Basic $ 0.22 $ 0.79 $ 0.50 $ 1.30 Diluted $ 0.21 $ 0.77 $ 0.49 $ 1.27

Note 2 - Acquisitions (Details)

Note 2 - Acquisitions (Details) - USD ($) $ in Thousands	Oct. 01, 2014	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Note 2 - Acquisitions (Details) [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired			$ (233)	$ 429
Goodwill		$ 639,002	$ 639,002		$ 635,565
MAC Inc. [Member]
Note 2 - Acquisitions (Details) [Line Items]
Payments to Acquire Businesses, Net of Cash Acquired	$ 55,690
Business Acquisition Purchase Price Allocation Intangible Assets Including Goodwill	49,378
Goodwill	$ 25,898
Increase Decrease In Intangible Assets Non Current		(3,272)
Goodwill, Period Increase (Decrease)		$ 3,437

Note 3 - Derivative Instrumen28

Note 3 - Derivative Instruments and Hedging Activities (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)	Oct. 23, 2013
Note 3 - Derivative Instruments and Hedging Activities (Details) [Line Items]
Fair value of derivative contracts excluding impact of credit risk	$ (3,755)		$ (3,755)		$ (1,727)
Commodity Contract [Member]
Note 3 - Derivative Instruments and Hedging Activities (Details) [Line Items]
Derivative, Number of Instruments Held	3	2	3	2	3
Foreign Exchange Contract [Member]
Note 3 - Derivative Instruments and Hedging Activities (Details) [Line Items]
Derivative, Number of Instruments Held	2	2	2	2	1
Interest Rate Swap [Member]
Note 3 - 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	$ 266	$ (1,208)	$ (1,006)	$ (1,708)
Commodity And Foreign Currency Contracts [Member]
Note 3 - Derivative Instruments and Hedging Activities (Details) [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	(352)	224	(1,399)	(144)
Not Designated as Hedging Instrument [Member] | Cost of Sales [Member] | Commodity Contract [Member]
Note 3 - Derivative Instruments and Hedging Activities (Details) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	(315)	279	(1,041)	(47)
Not Designated as Hedging Instrument [Member] | Cost of Sales [Member] | Foreign Exchange Contract [Member]
Note 3 - Derivative Instruments and Hedging Activities (Details) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	$ (37)	$ (55)	$ (358)	$ (97)
Maximum [Member] | Commodity Contract [Member]
Note 3 - Derivative Instruments and Hedging Activities (Details) [Line Items]
Derivative, Higher Remaining Maturity Range			18 months
Maximum [Member] | Foreign Exchange Contract [Member]
Note 3 - Derivative Instruments and Hedging Activities (Details) [Line Items]
Derivative, Higher Remaining Maturity Range			12 months

Note 3 - Derivative Instrumen29

Note 3 - Derivative Instruments and Hedging Activities (Details) - Fair Value of Derivatives - Fair Value, Inputs, Level 2 [Member] - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Commodity Contract [Member]
Note 3 - Derivative Instruments and Hedging Activities (Details) - Fair Value of Derivatives [Line Items]
Net derivatives	$ (979)	$ (515)
Foreign Exchange Contract [Member]
Note 3 - Derivative Instruments and Hedging Activities (Details) - Fair Value of Derivatives [Line Items]
Net derivatives	(41)	(149)
Interest Rate Swap [Member]
Note 3 - Derivative Instruments and Hedging Activities (Details) - Fair Value of Derivatives [Line Items]
Net derivatives	$ (2,688)	$ (1,045)

Note 4 - Fair Value Measureme30

Note 4 - Fair Value Measurements (Details)	Jun. 30, 2015USD ($)
Note 4 - Fair Value Measurements (Details) [Line Items]
Long-term Debt	$ 933,826
Fair Value, Inputs, Level 2 [Member]
Note 4 - Fair Value Measurements (Details) [Line Items]
Long-term Debt, Fair Value	$ 925,655

Note 5 - Accumulated Other Co31

Note 5 - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Disclosure Text Block [Abstract]
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	$ 431	$ (1,887)	$ (1,643)	$ (2,670)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	$ (165)	$ 679	$ 637	$ 962

Note 5 - Accumulated Other Co32

Note 5 - Accumulated Other Comprehensive Loss (Details) - Disclosure of Changes in Accumulated Other Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance –	$ (22,585)	$ (2,844)	$ (15,767)	$ (2,415)
Ending Balance – June 30, 2015	(22,256)	(4,139)	(22,256)	(4,139)
Other comprehensive	329	(1,295)	(6,489)	(1,724)
Net current-period other comprehensive	329	(1,295)	(6,489)	(1,724)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance –	(7,424)	1,275	(1,878)	1,204
Ending Balance – June 30, 2015	(7,361)	1,188	(7,361)	1,188
Other comprehensive	63	(87)	(5,483)	(16)
Net current-period other comprehensive	63	(87)	(5,483)	(16)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance –	(13,243)	(4,393)	(13,243)	(4,393)
Ending Balance – June 30, 2015	(13,243)	(4,393)	(13,243)	(4,393)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance –	(1,918)	274	(646)	774
Ending Balance – June 30, 2015	(1,652)	(934)	(1,652)	(934)
Other comprehensive	266	(1,208)	(1,006)	(1,708)
Net current-period other comprehensive	$ 266	$ (1,208)	$ (1,006)	$ (1,708)

Note 6 - Segment Reporting (Det

Note 6 - Segment Reporting (Details)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Note 6 - Segment Reporting (Details) [Line Items]
Number of Operating Segments			1
Sales Revenue, Net [Member] | Geographic Concentration Risk [Member] | UNITED STATES
Note 6 - Segment Reporting (Details) [Line Items]
Concentration Risk, Percentage	84.00%	85.00%	85.00%	85.00%
Net Assets, Geographic Area [Member] | Geographic Concentration Risk [Member] | UNITED STATES
Note 6 - Segment Reporting (Details) [Line Items]
Concentration Risk, Percentage			91.00%		90.00%

Note 6 - Segment Reporting (D34

Note 6 - Segment Reporting (Details) - Net Sales by Segment - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenue from External Customer [Line Items]
Net sales	$ 288,360	$ 362,609	$ 600,178	$ 704,617
Residential Power Products [Member]
Revenue from External Customer [Line Items]
Net sales	133,466	179,592	290,301	343,561
Commercial and Industrial Power Products [Member]
Revenue from External Customer [Line Items]
Net sales	134,580	163,467	268,343	320,837
Other Products and Services [Member]
Revenue from External Customer [Line Items]
Net sales	$ 20,314	$ 19,550	$ 41,534	$ 40,219

Note 7 - Balance Sheet Detail35

Note 7 - Balance Sheet Details (Details) - Inventories - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Inventories [Abstract]
Raw material	$ 202,695	$ 184,407
Work-in-process	5,300	8,798
Finished goods	186,969	135,567
Reserves for excess and obsolete	(9,116)	(9,387)
Total	$ 385,848	$ 319,385

Note 7 - Balance Sheet Detail36

Note 7 - Balance Sheet Details (Details) - Property and Equipment - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Gross property and equipment	$ 252,126	$ 238,222
Accumulated depreciation	(77,471)	(69,401)
Total	174,655	168,821
Land and Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment	7,815	7,803
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment	103,093	102,254
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment	67,551	65,240
Dies and Tools [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment	18,367	16,897
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment	1,277	1,383
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment	27,174	21,990
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment	2,837	2,535
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment	$ 24,012	$ 20,120

Note 8- Product Warranty Obli37

Note 8- Product Warranty Obligations (Details) - Reconciliation of Product Warranty Liability - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Reconciliation of Product Warranty Liability [Abstract]
Balance at beginning of period	$ 29,277	$ 31,907	$ 30,909	$ 33,734
Payments	(5,100)	(4,076)	(10,533)	(11,024)
Provision for warranties issued	4,480	5,764	9,029	12,028
Changes in estimates for pre-existing warranties	(472)	(1,424)	(1,220)	(2,567)
Balance at end of period	28,185	32,171	28,185	32,171
Balance at beginning of period	27,531	24,632	27,193	23,092
Deferred revenue on extended warranty contracts sold	810	1,795	2,190	4,014
Amortization of deferred revenue on extended warranty contracts	(1,100)	(748)	(2,142)	(1,427)
Balance at end of period	$ 27,241	$ 25,679	$ 27,241	$ 25,679

Note 8- Product Warranty Obli38

Note 8- Product Warranty Obligations (Details) - Deferred Product Obligations - USD ($) $ in Thousands	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Product warranty liability
Current portion - other accrued liabilities	$ 21,801		$ 24,143
Long-term portion - other long-term liabilities	6,384		6,766
Total	28,185	$ 29,277	30,909	$ 32,171	$ 31,907	$ 33,734
Deferred revenue related to extended warranty
Current portion - other accrued liabilities	4,567		4,519
Long-term portion - other long-term liabilities	22,674		22,674
Total	$ 27,241	$ 27,531	$ 27,193	$ 25,679	$ 24,632	$ 23,092

Note 9 - Credit Agreements (Det

Note 9 - Credit Agreements (Details) $ in Thousands	Jun. 30, 2015USD ($)	May. 29, 2015USD ($)	Mar. 30, 2015USD ($)	Dec. 31, 2014USD ($)	Sep. 30, 2014USD ($)	Apr. 30, 2014USD ($)	Apr. 01, 2014	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)	May. 31, 2013USD ($)
Note 9 - Credit Agreements (Details) [Line Items]
Gain on Change in Contractual Interest Rate								$ 16,014		$ 16,014
Short-term Debt	$ 2,993			$ 5,359					$ 2,993		$ 5,359
Term Loan [Member]
Note 9 - 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%									(0.25%)
Gain on Change in Contractual Interest Rate								$ 16,014
Payments for Fees									$ 1,528
Debt Instrument, Fee Amount	$ 49								49
Repayments of Long-term Debt		$ 100,000	$ 50,000	$ 25,000	$ 50,000	$ 12,000
Write off of Deferred Debt Issuance Cost									$ 4,795		$ 2,084
Term Loan [Member] | Base Rate [Member]
Note 9 - Credit Agreements (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate									1.75%
Term Loan [Member] | Adjusted LIBOR Rate [Member]
Note 9 - Credit Agreements (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate									2.75%
Term Loan [Member] | LIBOR Floor Rate [Member]
Note 9 - Credit Agreements (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate									0.75%
Term Loan [Member] | Net Debt Leverage Ratio Threshold [Member] | Base Rate [Member]
Note 9 - Credit Agreements (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate									1.50%
Term Loan [Member] | Net Debt Leverage Ratio Threshold [Member] | Adjusted LIBOR Rate [Member]
Note 9 - Credit Agreements (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate									2.50%
ABL Revolving Credit Facility [Member]
Note 9 - Credit Agreements (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity												150,000
Uncommitted Incremental Term Loan Facility												$ 50,000
ABL Revolving Credit Facility [Member] | Base Rate [Member]
Note 9 - Credit Agreements (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate									1.00%
ABL Revolving Credit Facility [Member] | Adjusted LIBOR Rate [Member]
Note 9 - Credit Agreements (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate									2.00%
Amended ABL Facility [Member]
Note 9 - Credit Agreements (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		250,000
Uncommitted Incremental Term Loan Facility		$ 100,000
Debt Instrument, Basis Spread on Variable Rate		0.50%
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage		0.125%
Deferred Finance Costs, Gross	483								$ 483
Proceeds from Lines of Credit		$ 100,000
Long-term Line of Credit	100,000								100,000
Line of Credit Facility, Remaining Borrowing Capacity	$ 133,100								$ 133,100

Note 9 - Credit Agreements (D40

Note 9 - Credit Agreements (Details) - Short-term Borrowings - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Short-term Debt [Line Items]
Short-term borrowings	$ 2,993	$ 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	$ 2,993	$ 5,359

Note 9 - Credit Agreements (D41

Note 9 - Credit Agreements (Details) - Long-term Borrowings - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Long-term Borrowings [Abstract]
Term loan	$ 954,000	$ 1,104,000
Original issue discount	(20,423)	(23,861)
ABL facility	100,000
Capital lease obligation	1,818	2,059
Other	249	460
Total	1,035,644	1,082,658
Less: current portion of debt	249	389
Less: current portion of capital lease obligation	158	168
Total	$ 1,035,237	$ 1,082,101

Note 10 - Earnings Per Share (D

Note 10 - Earnings Per Share (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Employee Stock Option [Member]
Note 10 - Earnings Per Share (Details) [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	142,900	64,800	104,400	70,400
Restricted Stock [Member]
Note 10 - Earnings Per Share (Details) [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	2,300

Note 10 - Earnings Per Share 43

Note 10 - Earnings Per Share (Details) - Reconciliation of Basic and Diluted Earnings Per Share - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2015		Jun. 30, 2014		Jun. 30, 2015	Jun. 30, 2014
Reconciliation of Basic and Diluted Earnings Per Share [Abstract]
Net income (numerator) (in Dollars)	$ 14,844		$ 54,025		$ 34,529	$ 88,726
Weighted average shares (denominator)
Basic	68,961,877		68,538,251		68,886,672	68,481,682
Dilutive effect of stock compensation awards (1)	1,101,186	[1]	1,549,725	[1]	1,213,268	1,606,756
Diluted	70,063,063		70,087,976		70,099,940	70,088,438
Net income per share
Basic (in Dollars per share)	$ 0.22		$ 0.79		$ 0.50	$ 1.30
Diluted (in Dollars per share)	$ 0.21		$ 0.77		$ 0.49	$ 1.27
[1]	Excludes approximately 142,900 stock options and 2,300 shares of restricted stock for the three month period ended June 30, 2015 and 104,400 stock options for the six month period ended June 30, 2015, as the impact of such awards was anti-dilutive. Excludes approximately 64,800 and 70,400 stock options for the three and six month periods ended June 30, 2014, respectively, as the impact of such awards was anti-dilutive.

Note 11 - Income Taxes (Details

Note 11 - Income Taxes (Details)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	36.30%	35.10%

Note 12 - Commitments and Con45

Note 12 - Commitments and Contingencies (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
Amount Financed by Dealers	$ 33,700	$ 26,100

Note 13 - Subsequent Events (De

Note 13 - Subsequent Events (Details)	Aug. 05, 2015USD ($)	Aug. 01, 2015
Subsequent Event [Member]
Note 13 - Subsequent Events (Details) [Line Items]
Stock Repurchase Program, Authorized Amount	$ 200,000
Country Home Products [Member]
Note 13 - Subsequent Events (Details) [Line Items]
Entity Number of Employees		200