Generac (GNRC) 10-Q 5 Aug 16 2016 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 01, 2016
Document Information [Line Items]
Entity Registrant Name	GENERAC HOLDINGS INC.
Entity Central Index Key	1,474,735
Trading Symbol	gnrc
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	Yes
Entity Common Stock, Shares Outstanding (in shares)		65,864,979
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 75,641	$ 115,857
Accounts receivable, less allowance for doubtful accounts	243,087	182,185
Inventories	366,745	325,375
Prepaid expenses and other assets	13,125	8,600
Total current assets	698,598	632,017
Property and equipment, net	206,700	184,213
Customer lists, net	49,883	39,313
Patents, net	54,009	53,772
Other intangible assets, net	3,179	2,768
Tradenames, net	159,952	161,057
Goodwill	716,845	669,719
Deferred income taxes	24,421	34,812
Other assets	2,948	964
Total assets	1,916,535	1,778,635
Current liabilities:
Short-term borrowings	33,649	8,594
Accounts payable	166,693	108,332
Accrued wages and employee benefits	22,193	13,101
Other accrued liabilities	88,609	82,540
Current portion of long-term borrowings and capital lease obligations	12,897	657
Total current liabilities	324,041	213,224
Long-term borrowings and capital lease obligations	1,034,836	1,037,132
Deferred income taxes	8,745	4,950
Other long-term liabilities	62,890	57,458
Total liabilities	1,430,512	1,312,764
Redeemable noncontrolling interests	35,685
Stockholders’ equity:
Common stock, par value $0.01, 500,000,000 shares authorized, 70,142,664 and 69,582,669 shares issued at June 30, 2016 and December 31, 2015, respectively	701	696
Additional paid-in capital	443,833	443,109
Treasury stock, at cost	(146,801)	(111,516)
Excess purchase price over predecessor basis	(202,116)	(202,116)
Retained earnings	389,269	358,173
Accumulated other comprehensive loss	(34,495)	(22,475)
Stockholders' equity attributable to Generac Holdings, Inc.	450,391	465,871
Noncontrolling interests	(53)
Total stockholders' equity	450,338	465,871
Total liabilities and stockholders’ equity	$ 1,916,535	$ 1,778,635

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2016	Dec. 31, 2015
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	70,142,664	69,582,669

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net sales		$ 367,376	$ 288,360	$ 653,911	$ 600,178
Costs of goods sold		243,229	192,463	431,704	401,678
Gross profit		124,147	95,897	222,207	198,500
Operating expenses:
Selling and service		42,366	28,474	79,635	58,602
Research and development		9,889	8,412	18,086	16,575
General and administrative		19,593	13,564	37,426	27,770
Amortization of intangibles		8,217	5,980	16,014	11,175
Total operating expenses		80,065	56,430	151,161	114,122
Income from operations		44,082	39,467	71,046	84,378
Other (expense) income:
Interest expense		(11,380)	(10,763)	(22,415)	(22,031)
Investment income		4	35	36	72
Loss on extinguishment of debt	[1]		(3,427)		(4,795)
Costs related to acquisition				(417)
Other, net		158	(1,840)	545	(3,449)
Total other expense, net		(11,218)	(15,995)	(22,251)	(30,203)
Income before provision for income taxes		32,864	23,472	48,795	54,175
Provision for income taxes		11,921	8,628	17,640	19,646
Net income		20,943	14,844	31,155	34,529
Income attributable to noncontrolling interests		55		59
Net income attributable to Generac Holdings Inc.		$ 20,888	$ 14,844	$ 31,096	$ 34,529
Net income attributable to Generac Holdings Inc. per common share - basic: (in dollars per share)		$ 0.32	$ 0.22	$ 0.47	$ 0.50
Weighted average common shares outstanding - basic: (in shares)		65,870,714	68,961,877	65,955,455	68,886,672
Net income attributable to Generac Holdings Inc. per common share - diluted: (in dollars per share)		$ 0.31	$ 0.21	$ 0.47	$ 0.49
Weighted average common shares outstanding - diluted: (in shares)		66,388,581	70,063,063	66,465,770	70,099,940
Comprehensive income		$ 7,622	$ 15,173	$ 19,076	$ 28,040
[1]	Represents the write-off of original issue discount and capitalized debt issuance costs due to voluntary debt prepayments.

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015
Operating activities
Net income		$ 31,155	$ 34,529
Adjustment to reconcile net income to net cash provided by operating activities:
Depreciation		10,429	7,988
Amortization of intangible assets		16,014	11,175
Amortization of original issue discount and deferred financing costs		2,122	3,344
Loss on extinguishment of debt	[1]		4,795
Deferred income taxes		9,072	8,935
Share-based compensation expense	[2]	5,386	5,090
Other		46	285
Net changes in operating assets and liabilities, net of acquisitions:
Accounts receivable		(9,389)	29,944
Inventories		(1,046)	(66,312)
Other assets		2,297	(3,198)
Accounts payable		17,537	17,377
Accrued wages and employee benefits		6,166	(1,735)
Other accrued liabilities		(1,825)	(1,744)
Excess tax benefits from equity awards		(6,729)	(8,894)
Net cash provided by operating activities		81,235	41,579
Investing activities
Proceeds from sale of property and equipment		47	88
Expenditures for property and equipment		(14,004)	(14,258)
Acquisition of business, net of cash acquired		(60,886)	233
Net cash used in investing activities		(74,843)	(13,937)
Financing activities
Proceeds from short-term borrowings		10,278	9,000
Proceeds from long-term borrowings			100,000
Repayments of short-term borrowings		(6,327)	(11,366)
Repayments of long-term borrowings and capital lease obligations		(10,652)	(150,453)
Stock repurchases		(34,576)
Payment of debt issuance costs			(2,060)
Cash dividends paid		(76)	(1,427)
Taxes paid related to the net share settlement of equity awards		(12,099)	(12,347)
Excess tax benefits from equity awards		6,729	8,901
Net cash used in financing activities		(46,723)	(59,752)
Effect of exchange rate changes on cash and cash equivalents		115	(2,076)
Net decrease in cash and cash equivalents		(40,216)	(34,186)
Cash and cash equivalents at beginning of period		115,857	189,761
Cash and cash equivalents at end of period		$ 75,641	$ 155,575
[1]	Represents the write-off of original issue discount and capitalized debt issuance costs due to voluntary debt prepayments.
[2]	Represents share-based compensation expense to account for stock options, restricted stock and other stock awards over their respective vesting periods.

Note 1 - Description of Busines

Note 1 - Description of Business and Basis of Presentation	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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 discussed in Item 1 of our Annual Report on Form 10-K for the year ended December 31, 2015). 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 through 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. ● On August 1, 2015, the Company acquired Country Home Products and its subsidiaries (CHP). CHP is a leading manufacturer of high-quality, innovative, professional-grade engine powered equipment used in a wide variety of property maintenance applications, which are primarily sold in North America under the DR® Power Equipment brand. The acquisition provides an expanded product lineup and additional scale to the Company’s residential engine powered products. ● On March 1, 2016, the Company acquired a majority ownership interest in PR Industrial S.r.l and its subsidiaries (Pramac). Headquartered in Siena, Italy, Pramac is a leading global manufacturer of stationary, mobile and portable generators primarily sold under the Pramac® brand. Pramac products are sold in over 150 countries through a broad distribution network. The condensed consolidated financial statements include the accounts of the Company and its subsidiaries that are consolidated in conformity with U.S. generally accepted accounting principles (U.S. GAAP). All intercompany amounts and transactions have been eliminated in consolidation. The condensed consolidated balance sheet as of June 30, 2016, the condensed consolidated statements of comprehensive income for the three and six months ended June 30, 2016 and 2015, and the condensed consolidated statements of cash flows for the six months ended June 30, 2016 and 2015 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. 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, 2015. New Accounting Standards In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers Revenue from Contracts with Customers (Topic 606): D eferral of the Effective Date Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing , Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients In February 2016, the FASB issued ASU 2016-02, Leases In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation: Improvements to Employee Share-Based Payment Accounting In the first quarter of 2016, the Company adopted ASU 2015-03, Interest – Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs Income Taxes: Balance Sheet Classification of Deferred Taxes There are several other new accounting pronouncements issued by the FASB. 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, 2016
Notes to Financial Statements
Business Combination Disclosure [Text Block]	2. Acquisitions Acquisition of Pramac On March 1, 2016, the Company acquired a 65% ownership interest in Pramac for a purchase price, net of cash acquired, of $60,886. Headquartered in Siena, Italy, Pramac is a leading global manufacturer of stationary, mobile and portable generators primarily sold under the Pramac® brand. Pramac products are sold in over 150 countries through a broad distribution network. The acquisition purchase price was funded solely through cash on hand. The 35% noncontrolling interest in Pramac had an acquisition date fair value of $34,253, and was recorded as a redeemable noncontrolling interest in the condensed consolidated balance sheet, as the noncontrolling interest party has within its control the right to require the Company to redeem its interest in Pramac. The noncontrolling interest holder has a put option to sell their interests to the Company any time within five years from the acquisition. The put option price is either (i) a fixed amount if voluntarily exercised within the first two years after the acquisition, or (ii) based on a multiple of earnings, subject to the terms of the acquisition. Additionally, the Company holds a call option that it may redeem commencing five years from the acquisition, or earlier upon the occurrence of certain circumstances. The call option price is based on a multiple of earnings that is subject to the terms of the acquisition. Both the put and call option only provide for the complete transfer of the noncontrolling interest, with no partial transfers of interest permitted. The Company recorded a preliminary purchase price allocation during the second quarter of 2016 based upon its estimates of the fair value of the acquired assets and assumed liabilities. The preliminary purchase price allocation was as follows: March 1, 2016 Accounts receivable $ 51,108 Inventories 40,180 Property and equipment 19,020 Intangible assets 27,620 Goodwill 53,665 Other assets 8,153 Total assets acquired 199,746 Short-term borrowings 21,105 Accounts payable 40,270 Long-term debt and capital lease obligations (including current portion) 18,599 Other liabilities 24,580 Redeemable noncontrolling interest 34,253 Noncontrolling interest 53 Net assets acquired $ 60,886 The goodwill ascribed to this acquisition is not deductible for tax purposes. The accompanying condensed consolidated financial statements include the results of Pramac from the date of acquisition through June 30, 2016. Acquisition of CHP On August 1, 2015, a subsidiary of the Company acquired CHP for a purchase price, net of cash acquired, of $74,570. Headquartered in Vergennes, Vermont, CHP is a leading manufacturer of high-quality, innovative, professional-grade engine powered equipment used in a wide variety of property maintenance applications, with sales primarily in North America. The acquisition was funded solely through cash on hand. The Company recorded a preliminary purchase price allocation during the third quarter of 2015 based upon its estimates of the fair value of the acquired assets and assumed liabilities. As a result, the Company recorded approximately $81,726 of intangible assets, including approximately $30,076 of goodwill, as of the acquisition date. The purchase price allocation was finalized in the fourth quarter of 2015, resulting in a $6,552 decrease to total intangible assets, including an increase of $6,208 in goodwill. The goodwill ascribed to this acquisition is not deductible for tax purposes. In addition, the Company assumed $12,000 of CHP’s debt in conjunction with this acquisition. The accompanying condensed consolidated financial statements include the results of CHP from the date of acquisition through June 30, 2016. Pro Forma Information The following unaudited pro forma information of the Company gives effect to these acquisitions as though the transactions had occurred on January 1, 2015: Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Net Sales: As reported $ 367,376 $ 288,360 $ 653,911 $ 600,178 Pro forma 367,376 369,815 683,258 744,326 Net income attributable to Generac Holdings Inc.: As reported $ 20,888 $ 14,844 $ 31,096 $ 34,529 Pro forma 21,683 18,454 32,168 35,847 Net income attributable to Generac Holdings Inc. per common share - diluted As reported $ 0.31 $ 0.21 $ 0.47 $ 0.49 Pro forma 0.33 0.26 0.48 0.51 This unaudited pro forma information is presented for informational purposes only and is not necessarily indicative of the results of operations that actually would have been achieved had the acquisitions been consummated on January 1, 2015.

Note 3 - Derivative Instruments

Note 3 - Derivative Instruments and Hedging Activities	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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 Company is exposed to significant price fluctuations in commodities it uses as raw materials, and periodically utilizes commodity derivatives to mitigate the impact of these potential price fluctuations on its financial results and its economic well-being. These derivatives typically have maturities of less than eighteen months. At June 30, 2016, December 31, 2015 and June 30, 2015, the Company had one, one and three 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 gains recognized for the three and six months ended June 30, 2016 were $82 and $76, respectively. Net losses recognized for the three and six months ended June 30, 2015 were $315 and $1,041, respectively. Foreign Currencies The Company is exposed to foreign currency exchange risk as a result of transactions denominated in currencies other than the U.S. Dollar. The Company periodically utilizes foreign currency forward purchase and sales contracts to manage the volatility associated with certain foreign currency purchases in the normal course of business. Contracts typically have maturities of twelve months or less. As of June 30, 2016, December 31, 2015 and June 30, 2015, the Company had twelve, six and two foreign currency contracts outstanding, respectively. 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 gains (losses) recognized for the three and six months ended June 30, 2016 were $1 and $(178), respectively. Net losses recognized for the three and six months ended June 30, 2015 were $37 and $358, respectively. Interest Rate Swaps In October 2013, the Company entered into two interest rate swap agreements, and in May 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, December 31, Commodity contracts $ 82 $ (400 ) Foreign currency contracts 87 (171 ) Interest rate swaps (4,733 ) (2,618 ) The fair value of the commodity and foreign currency contracts are included in other assets, 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, 2016 and December 31, 2015. Excluding the impact of credit risk, the fair value of the derivative contracts as of June 30, 2016 and December 31, 2015 is a liability of $4,672 and $3,248, 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 and six months ended June 30, 2016 were $134 and $1,288, respectively. The amount of gains (losses) for the three and six months ended June 30, 2015 were $266 and $(1,006), respectively. The amount of gains (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, 2016 were $83 and $(102), respectively. The amount of losses for the three and six months ended June 30, 2015 were $352 and $1,399, respectively.

Note 4 - Fair Value Measurement

Note 4 - Fair Value Measurements	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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 borrowings, approximates the fair value of these instruments based upon their short-term nature. The fair value of Term Loan borrowings, which have an aggregate carrying value of $926,390, was approximately $914,810 (Level 2) at June 30, 2016, 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, 2016
Notes to Financial Statements
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, 2016 and 2015, net of tax: Foreign Currency Translation Adjustments Defined Benefit Pension Plan Unrealized Loss on Cash Flow Hedges Total Beginning Balance – April 1, 2016 $ (7,102 ) $ (11,362 ) $ (2,765 ) $ (21,229 ) Other comprehensive loss before reclassifications (13,132 ) - (134 ) (1) (13,266 ) Amounts reclassified from AOCL - - - - Net current-period other comprehensive loss (13,132 ) - (134 ) (13,266 ) Ending Balance – June 30, 2016 $ (20,234 ) $ (11,362 ) $ (2,899 ) $ (34,495 ) 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 (2) 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 Loss on Cash Flow Hedges Total Beginning Balance – January 1, 2016 $ (9,502 ) $ (11,362 ) $ (1,611 ) $ (22,475 ) Other comprehensive loss before reclassifications (10,732 ) - (1,288 ) (3) (12,020 ) Amounts reclassified from AOCL - - - - Net current-period other comprehensive loss (10,732 ) - (1,288 ) (12,020 ) Ending Balance – June 30, 2016 $ (20,234 ) $ (11,362 ) $ (2,899 ) $ (34,495 ) 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 ) (4) (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 ) (1) Represents unrealized losses of $(219), net of tax benefit of $85 for the three months ended June 30, 2016. (2) Represents unrealized gains of $431, net of tax effect of $(165) for the three months ended June 30, 2015. (3) Represents unrealized losses of $(2,115), net of tax benefit of $827 for the six months ended June 30, 2016. (4) Represents unrealized losses of $(1,643), net of tax benefit of $637 for the six months ended June 30, 2015.

Note 6 - Segment Reporting

Note 6 - Segment Reporting	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	6. Segment Reporting Effective in the second quarter of 2016, the Company changed its segment reporting from one reportable segment to two reportable segments - Domestic and International - as a result of the recent Pramac acquisition and the ongoing strategy to expand the business internationally. The Domestic segment includes the legacy Generac business and the impact of acquisitions that are based in the United States, all of which have revenues that are substantially derived from the U.S. and Canada. The International segment includes the Ottomotores, Tower Light and Pramac acquisitions, all of which have revenues that are substantially derived from outside of the U.S. and Canada. Both reportable segments design and manufacture a wide range of engine powered products. The Company has multiple operating segments, which it aggregates into the two reportable segments, based on materially similar economic characteristics, products, production processes, classes of customers and distribution methods. Net Sales Three Months Ended June 30, Six Months Ended June 30, Reportable Segments 2016 2015 2016 2015 Domestic $ 286,720 $ 258,117 $ 534,736 $ 545,729 International 80,656 30,243 119,175 54,449 Total net sales $ 367,376 $ 288,360 $ 653,911 $ 600,178 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 class of products based on similar power output and end customer usage. The breakout of net sales between residential, commercial & industrial, and other products by product class is as follows: Net Sales Three Months Ended June 30, Six Months Ended June 30, Product Classes 2016 2015 2016 2015 Residential products $ 181,735 $ 133,466 $ 340,716 $ 290,300 Commercial & industrial products 156,730 134,580 259,720 268,343 Other 28,911 20,314 53,475 41,535 Total net sales $ 367,376 $ 288,360 $ 653,911 $ 600,178 Management evaluates the performance of its segments based primarily on Adjusted EBITDA, which is a non-GAAP measure, and therefore reconciled to Income before provision for income taxes below. The computation of Adjusted EBITDA is based on the definition that is contained in the Company’s credit agreements. Adjusted EBITDA Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Domestic $ 57,352 $ 48,457 $ 104,212 $ 102,901 International 6,574 3,965 9,523 6,659 Total adjusted EBITDA $ 63,926 $ 52,422 $ 113,735 $ 109,560 Interest expense (11,380 ) (10,763 ) (22,415 ) (22,031 ) Depreciation and amortization (13,650 ) (10,129 ) (26,443 ) (19,163 ) Non-cash write-down and other adjustments (1) (2,909 ) (404 ) (2,782 ) (1,976 ) Non-cash share-based compensation expense (2) (2,901 ) (2,582 ) (5,386 ) (5,090 ) Loss on extinguishment of debt (3) - (3,427 ) - (4,795 ) Transaction costs and credit facility fees (4) (237 ) (481 ) (760 ) (682 ) Business optimization expenses (5) - (1,444 ) (7,106 ) (1,738 ) Other 15 280 (48 ) 90 Income before provision for income taxes $ 32,864 $ 23,472 $ 48,795 $ 54,175 (1) Includes gains/losses on disposal of assets, unrealized mark-to-market adjustments on commodity contracts, foreign currency gains/losses and certain purchase accounting related adjustments. (2) Represents share-based compensation expense to account for stock options, restricted stock and other stock awards over their respective vesting periods. (3) Represents the write-off of original issue discount and capitalized debt issuance costs due to voluntary debt prepayments. (4) Represents transaction costs incurred directly in connection with any investment, as defined in our credit agreement; equity issuance, debt issuance or refinancing; together with certain fees relating to our senior secured credit facilities. (5) Represents charges relating to business optimization and restructuring costs. The Company’s sales in the United States represented approximately 74% and 84% of total sales for the three months ended June 30, 2016 and 2015, respectively, and represented approximately 78% and 85% of total sales for the six months ended June 30, 2016 and 2015, respectively. Approximately 86% and 93% of the Company’s identifiable long-lived assets are located in the United States at June 30, 2016 and December 31, 2015, respectively.

Note 7 - Balance Sheet Details

Note 7 - Balance Sheet Details	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Supplemental Balance Sheet Disclosures [Text Block]	7 . Balance Sheet Details Inventories consist of the following: June 30, 2016 December 31, 2015 Raw material $ 226,110 $ 188,354 Work-in-process 4,347 2,856 Finished goods 150,032 144,747 Reserves for excess and obsolete (13,744 ) (10,582 ) Total $ 366,745 $ 325,375 Property and equipment consists of the following: June 30, 2016 December 31, 2015 Land and improvements $ 12,354 $ 8,553 Buildings and improvements 115,544 104,774 Machinery and equipment 78,434 72,280 Dies and tools 21,779 20,066 Vehicles 1,575 1,244 Office equipment and systems 58,440 29,395 Leasehold improvements 4,322 3,338 Construction in progress 10,507 30,482 Gross property and equipment 302,955 270,132 Accumulated depreciation (96,255 ) (85,919 ) Total $ 206,700 $ 184,213

Note 8 - Product Warranty Oblig

Note 8 - Product Warranty Obligations	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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 6 201 5 2016 2015 Balance at beginning of period $ 31,904 $ 29,277 $ 30,197 $ 30,909 Product warranty reserve assumed in acquisition - - 840 - Payments (4,900 ) (5,100 ) (8,552 ) (10,533 ) Provision for warranties issued 4,220 4,480 7,702 9,029 Changes in estimates for pre-existing warranties (489 ) (472 ) 548 (1,220 ) Balance at end of period $ 30,735 $ 28,185 $ 30,735 $ 28,185 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 6 201 5 2016 2015 Balance at beginning of period $ 28,830 $ 27,531 $ 28,961 $ 27,193 Deferred revenue on extended warranty contracts sold 1,619 810 2,763 2,190 Amortization of deferred revenue on extended warranty contracts (1,367 ) (1,100 ) (2,642 ) (2,142 ) Balance at end of period $ 29,082 $ 27,241 $ 29,082 $ 27,241 Product warranty obligations and extended warranty related deferred revenues are included in the condensed consolidated balance sheets as follows: June 30 , December 31, 201 6 201 5 Product warranty liability Current portion - other accrued liabilities $ 21,071 $ 21,726 Long-term portion - other long-term liabilities 9,664 8,471 Total $ 30,735 $ 30,197 Deferred revenue related to extended warranty Current portion - other accrued liabilities $ 5,034 $ 6,026 Long-term portion - other long-term liabilities 24,048 22,935 Total $ 29,082 $ 28,961

Note 9 - Credit Agreements

Note 9 - Credit Agreements	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
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 6 201 5 ABL facility $ - $ - Other lines of credit 33,649 8,594 Total $ 33,649 $ 8,594 Long-term borrowings are included in the condensed consolidated balance sheets as follows: June 30 , December 31, 201 6 201 5 Term loan $ 954,000 $ 954,000 Original issue discount and deferred financing costs (27,783 ) (29,905 ) ABL facility 100,000 100,000 Capital lease obligation 4,973 1,694 Other 16,543 12,000 Total 1,047,733 1,037,789 Less: current portion of debt 12,374 500 Less: current portion of capital lease obligation 523 157 Total $ 1,034,836 $ 1,037,132 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 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. The Company’s net debt leverage ratio as of June 30, 2016 was above 3.00 to 1.00. On May 18, 2015, the Company amended certain provisions and covenants of the Term Loan. In connection with this amendment and in accordance with ASC 470-50, Debt Modifications and Extinguishments The Company’s credit agreements also originally provided for a $150,000 senior secured ABL revolving credit facility (ABL Facility). The maturity date of the ABL Facility originally 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) increased the ABL Facility from $150,000 to $250,000 (Amended ABL Facility), (ii) extended the maturity date from May 31, 2018 to May 29, 2020, (iii) increased the uncommitted incremental facility from $50,000 to $100,000, (iv) reduced the interest rate spread by 50 basis points and (v) reduced 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 2015. On May 29, 2015, the Company borrowed $100,000 under the Amended ABL Facility, the proceeds of which were used as a voluntary prepayment towards the Term Loan. As of June 30, 2016, there was $100,000 outstanding under the Amended ABL Facility, leaving $142,123 of availability, net of outstanding letters of credit. 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, 2016 and December 31, 2015, short-term borrowings consisted of borrowings by our foreign subsidiaries on local lines of credit, which totaled $33,649 and $8,594, respectively.

Note 10 - Stock Repurchase Prog

Note 10 - Stock Repurchase Program	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Treasury Stock [Text Block]	10. Stock Repurchase Program On August 5, 2015, the Company’s Board of Directors approved a $200,000 stock repurchase program. Under the program, the Company may repurchase up to $200,000 of its common stock over 24 months from time to time, in amounts and at prices the Company deems appropriate, subject to market conditions and other considerations. The 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 stock repurchase program may be suspended or discontinued at any time without prior notice. For the three months ended June 30, 2016, the Company repurchased 935,000 shares of its common stock for $34,576, funded with cash on hand. Since the inception of the program, the Company has repurchased 4,238,500 shares of its common stock for $134,518, funded with cash on hand.

Note 11 - Earnings Per Share

Note 11 - Earnings Per Share	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Earnings Per Share [Text Block]	11 . Earnings Per Share Basic earnings per share is calculated by dividing net income attributable to the Company 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, 2016 2015 2016 2015 Net income attributable to Generac Holdings Inc. (numerator) $ 20,888 $ 14,844 $ 31,096 $ 34,529 Weighted average shares (denominator) Basic 65,870,714 68,961,877 65,955,455 68,886,672 Dilutive effect of stock compensation awards (1) 517,867 1,101,186 510,315 1,213,268 Diluted 66,388,581 70,063,063 66,465,770 70,099,940 Net income attributable to Generac Holdings Inc. per share Basic $ 0.32 $ 0.22 $ 0.47 $ 0.50 Diluted $ 0.31 $ 0.21 $ 0.47 $ 0.49 (1) Excludes approximately 189,500 stock options and 3,000 shares of restricted stock for the three month period ended June 30, 2016, and 215,800 stock options and 3,400 shares of restricted stock for the six month period ended June 30, 2016, as the impact of such awards was anti-dilutive. 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.

Note 12 - Income Taxes

Note 12 - Income Taxes	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Income Tax Disclosure [Text Block]	12 . Income Taxes The effective income tax rates for the six months ended June 30, 2016 and 2015 were 36.2% and 36.3%, respectively.

Note 13 - Commitments and Conti

Note 13 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	1 3 . 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, 2016 and December 31, 2015 was approximately $36,200 and $32,400, 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.

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2016
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) 2014-09, Revenue from Contracts with Customers Revenue from Contracts with Customers (Topic 606): D eferral of the Effective Date Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing , Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients In February 2016, the FASB issued ASU 2016-02, Leases In March 2016, the FASB issued ASU 2016-09, Compensation – Stock Compensation: Improvements to Employee Share-Based Payment Accounting In the first quarter of 2016, the Company adopted ASU 2015-03, Interest – Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs Income Taxes: Balance Sheet Classification of Deferred Taxes There are several other new accounting pronouncements issued by the FASB. 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 (Tables)

Note 2 - Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	March 1, 2016 Accounts receivable $ 51,108 Inventories 40,180 Property and equipment 19,020 Intangible assets 27,620 Goodwill 53,665 Other assets 8,153 Total assets acquired 199,746 Short-term borrowings 21,105 Accounts payable 40,270 Long-term debt and capital lease obligations (including current portion) 18,599 Other liabilities 24,580 Redeemable noncontrolling interest 34,253 Noncontrolling interest 53 Net assets acquired $ 60,886
Business Acquisition, Pro Forma Information [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Net Sales: As reported $ 367,376 $ 288,360 $ 653,911 $ 600,178 Pro forma 367,376 369,815 683,258 744,326 Net income attributable to Generac Holdings Inc.: As reported $ 20,888 $ 14,844 $ 31,096 $ 34,529 Pro forma 21,683 18,454 32,168 35,847 Net income attributable to Generac Holdings Inc. per common share - diluted As reported $ 0.31 $ 0.21 $ 0.47 $ 0.49 Pro forma 0.33 0.26 0.48 0.51

Note 3 - Derivative Instrumen21

Note 3 - Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule Of Derivative Assets (Liabilities) at Fair Value [Table Text Block]	June 30, December 31, Commodity contracts $ 82 $ (400 ) Foreign currency contracts 87 (171 ) Interest rate swaps (4,733 ) (2,618 )

Note 5 - Accumulated Other Co22

Note 5 - Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Foreign Currency Translation Adjustments Defined Benefit Pension Plan Unrealized Loss on Cash Flow Hedges Total Beginning Balance – April 1, 2016 $ (7,102 ) $ (11,362 ) $ (2,765 ) $ (21,229 ) Other comprehensive loss before reclassifications (13,132 ) - (134 ) (1) (13,266 ) Amounts reclassified from AOCL - - - - Net current-period other comprehensive loss (13,132 ) - (134 ) (13,266 ) Ending Balance – June 30, 2016 $ (20,234 ) $ (11,362 ) $ (2,899 ) $ (34,495 ) 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 (2) 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 Loss on Cash Flow Hedges Total Beginning Balance – January 1, 2016 $ (9,502 ) $ (11,362 ) $ (1,611 ) $ (22,475 ) Other comprehensive loss before reclassifications (10,732 ) - (1,288 ) (3) (12,020 ) Amounts reclassified from AOCL - - - - Net current-period other comprehensive loss (10,732 ) - (1,288 ) (12,020 ) Ending Balance – June 30, 2016 $ (20,234 ) $ (11,362 ) $ (2,899 ) $ (34,495 ) 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 ) (4) (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 )

Note 6 - Segment Reporting (Tab

Note 6 - Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Net Sales Three Months Ended June 30, Six Months Ended June 30, Reportable Segments 2016 2015 2016 2015 Domestic $ 286,720 $ 258,117 $ 534,736 $ 545,729 International 80,656 30,243 119,175 54,449 Total net sales $ 367,376 $ 288,360 $ 653,911 $ 600,178 Adjusted EBITDA Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Domestic $ 57,352 $ 48,457 $ 104,212 $ 102,901 International 6,574 3,965 9,523 6,659 Total adjusted EBITDA $ 63,926 $ 52,422 $ 113,735 $ 109,560 Interest expense (11,380 ) (10,763 ) (22,415 ) (22,031 ) Depreciation and amortization (13,650 ) (10,129 ) (26,443 ) (19,163 ) Non-cash write-down and other adjustments (1) (2,909 ) (404 ) (2,782 ) (1,976 ) Non-cash share-based compensation expense (2) (2,901 ) (2,582 ) (5,386 ) (5,090 ) Loss on extinguishment of debt (3) - (3,427 ) - (4,795 ) Transaction costs and credit facility fees (4) (237 ) (481 ) (760 ) (682 ) Business optimization expenses (5) - (1,444 ) (7,106 ) (1,738 ) Other 15 280 (48 ) 90 Income before provision for income taxes $ 32,864 $ 23,472 $ 48,795 $ 54,175
Revenue from External Customers by Products and Services [Table Text Block]	Net Sales Three Months Ended June 30, Six Months Ended June 30, Product Classes 2016 2015 2016 2015 Residential products $ 181,735 $ 133,466 $ 340,716 $ 290,300 Commercial & industrial products 156,730 134,580 259,720 268,343 Other 28,911 20,314 53,475 41,535 Total net sales $ 367,376 $ 288,360 $ 653,911 $ 600,178

Note 7 - Balance Sheet Details

Note 7 - Balance Sheet Details (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Inventory, Current [Table Text Block]	June 30, 2016 December 31, 2015 Raw material $ 226,110 $ 188,354 Work-in-process 4,347 2,856 Finished goods 150,032 144,747 Reserves for excess and obsolete (13,744 ) (10,582 ) Total $ 366,745 $ 325,375
Property, Plant and Equipment [Table Text Block]	June 30, 2016 December 31, 2015 Land and improvements $ 12,354 $ 8,553 Buildings and improvements 115,544 104,774 Machinery and equipment 78,434 72,280 Dies and tools 21,779 20,066 Vehicles 1,575 1,244 Office equipment and systems 58,440 29,395 Leasehold improvements 4,322 3,338 Construction in progress 10,507 30,482 Gross property and equipment 302,955 270,132 Accumulated depreciation (96,255 ) (85,919 ) Total $ 206,700 $ 184,213

Note 8 - Product Warranty Obl25

Note 8 - Product Warranty Obligations (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	Three Months E nded June 30 , Six Months Ended June 30, 201 6 201 5 2016 2015 Balance at beginning of period $ 31,904 $ 29,277 $ 30,197 $ 30,909 Product warranty reserve assumed in acquisition - - 840 - Payments (4,900 ) (5,100 ) (8,552 ) (10,533 ) Provision for warranties issued 4,220 4,480 7,702 9,029 Changes in estimates for pre-existing warranties (489 ) (472 ) 548 (1,220 ) Balance at end of period $ 30,735 $ 28,185 $ 30,735 $ 28,185 Three Months E nded June 30 , Six Months Ended June 30, 201 6 201 5 2016 2015 Balance at beginning of period $ 28,830 $ 27,531 $ 28,961 $ 27,193 Deferred revenue on extended warranty contracts sold 1,619 810 2,763 2,190 Amortization of deferred revenue on extended warranty contracts (1,367 ) (1,100 ) (2,642 ) (2,142 ) Balance at end of period $ 29,082 $ 27,241 $ 29,082 $ 27,241
Product Warranty Obligations Included In Consolidated Balance Sheet [Table Text Block]	June 30 , December 31, 201 6 201 5 Product warranty liability Current portion - other accrued liabilities $ 21,071 $ 21,726 Long-term portion - other long-term liabilities 9,664 8,471 Total $ 30,735 $ 30,197 Deferred revenue related to extended warranty Current portion - other accrued liabilities $ 5,034 $ 6,026 Long-term portion - other long-term liabilities 24,048 22,935 Total $ 29,082 $ 28,961

Note 9 - Credit Agreements (Tab

Note 9 - Credit Agreements (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Short-term Debt [Table Text Block]	June 30 , December 31, 201 6 201 5 ABL facility $ - $ - Other lines of credit 33,649 8,594 Total $ 33,649 $ 8,594
Schedule of Long-term Debt Instruments [Table Text Block]	June 30 , December 31, 201 6 201 5 Term loan $ 954,000 $ 954,000 Original issue discount and deferred financing costs (27,783 ) (29,905 ) ABL facility 100,000 100,000 Capital lease obligation 4,973 1,694 Other 16,543 12,000 Total 1,047,733 1,037,789 Less: current portion of debt 12,374 500 Less: current portion of capital lease obligation 523 157 Total $ 1,034,836 $ 1,037,132

Note 11 - Earnings Per Share (T

Note 11 - Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2016
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2016 2015 2016 2015 Net income attributable to Generac Holdings Inc. (numerator) $ 20,888 $ 14,844 $ 31,096 $ 34,529 Weighted average shares (denominator) Basic 65,870,714 68,961,877 65,955,455 68,886,672 Dilutive effect of stock compensation awards (1) 517,867 1,101,186 510,315 1,213,268 Diluted 66,388,581 70,063,063 66,465,770 70,099,940 Net income attributable to Generac Holdings Inc. per share Basic $ 0.32 $ 0.22 $ 0.47 $ 0.50 Diluted $ 0.31 $ 0.21 $ 0.47 $ 0.49

Note 1 - Description of Busin28

Note 1 - Description of Business and Basis of Presentation (Details Textual) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Decrease in Deferred Financing Costs [Member] | December 31, 2015 [Member]
Prior Period Reclassification Adjustment	$ 12,965
Decrease in Long-term Borrowings [Member] | December 31, 2015 [Member]
Prior Period Reclassification Adjustment	12,965
Decrease in Deferred Income Taxes Within Current Assets [Member] | December 31, 2015 [Member]
Prior Period Reclassification Adjustment	29,355
Increase in Deferred Income Taxes within Noncurrent Assets [Member] | December 31, 2015 [Member]
Prior Period Reclassification Adjustment	28,139
Decrease in Deferred Income Taxes within Noncurrent Liabilities [Member] | December 31, 2015 [Member]
Prior Period Reclassification Adjustment	$ 1,216
Number of Countries Where Product is Sold by Subsidiary	150

Note 2 - Acquisitions (Details

Note 2 - Acquisitions (Details Textual) $ in Thousands	Mar. 01, 2016USD ($)	Aug. 01, 2015USD ($)	Dec. 31, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)
Pramac [Member]
Business Acquisition, Percentage of Voting Interests Acquired	65.00%
Payments to Acquire Businesses, Net of Cash Acquired	$ 60,886
Number of Countries Where Product is Sold by Subsidiary	150
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	35.00%
Redeemable Noncontrolling Interest, Equity, Fair Value	$ 34,253
Noncontrolling Interest, Term of Put Option	5 years
Noncontrolling Interest, Term of Put Option in which Option Price is Fixed	2 years
Goodwill	$ 53,665
CHP [Member]
Payments to Acquire Businesses, Net of Cash Acquired		$ 74,570
Business Acquisition, Purchase Price Allocation, Intangible Assets Including Goodwill		81,726
Goodwill		30,076
Increase (Decrease) in Intangible Assets, Non-current			$ (6,552)
Goodwill, Period Increase (Decrease)			6,208
Noncash or Part Noncash Acquisition, Debt Assumed		$ 12,000
Payments to Acquire Businesses, Net of Cash Acquired				$ 60,886	$ (233)
Number of Countries Where Product is Sold by Subsidiary				150
Goodwill			$ 669,719	$ 716,845

Note 2 - Preliminary Price Allo

Note 2 - Preliminary Price Allocation (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 01, 2016	Dec. 31, 2015
Pramac [Member]
Accounts receivable		$ 51,108
Inventories		40,180
Property and equipment		19,020
Intangible assets		27,620
Goodwill		53,665
Other assets		8,153
Total assets acquired		199,746
Short-term borrowings		21,105
Accounts payable		40,270
Long-term debt and capital lease obligations (including current portion)		18,599
Other liabilities		24,580
Redeemable noncontrolling interest		34,253
Noncontrolling interest		53
Net assets acquired		$ 60,886
Goodwill	$ 716,845		$ 669,719

Note 2 - Unaudited Pro Forma In

Note 2 - Unaudited Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
As reported	$ 367,376	$ 288,360	$ 653,911	$ 600,178
Pro forma	367,376	369,815	683,258	744,326
As reported	20,888	14,844	31,096	34,529
Pro forma	$ 21,683	$ 18,454	$ 32,168	$ 35,847
As reported (in dollars per share)	$ 0.31	$ 0.21	$ 0.47	$ 0.49
Pro forma (in dollars per share)	$ 0.33	$ 0.26	$ 0.48	$ 0.51

Note 3 - Derivative Instrumen32

Note 3 - Derivative Instruments and Hedging Activities (Details Textual) $ in Thousands	Oct. 23, 2013	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Commodity Contract [Member] | Maximum [Member]
Derivative, Remaining Maturity		1 year 180 days
Commodity Contract [Member] | Not Designated as Hedging Instrument [Member] | Cost of Sales [Member]
Derivative, Gain (Loss) on Derivative, Net		$ 82	$ (315)	$ 76	$ (1,041)
Commodity Contract [Member]
Derivative, Number of Instruments Held		1	3	1	3	1
Foreign Exchange Contract [Member] | Maximum [Member]
Derivative, Remaining Maturity		1 year
Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member] | Cost of Sales [Member]
Derivative, Gain (Loss) on Derivative, Net		$ 1	$ (37)	$ (178)	$ (358)
Foreign Exchange Contract [Member]
Derivative, Number of Instruments Held		12	2	12	2	6
Interest Rate Swap [Member]
Number of New Contracts Entered	2
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net		$ (134)	$ 266	$ (1,288)	$ (1,006)
Commodity and Foreign Currency Contracts [Member]
Derivative Assets (Liabilities), Net Fair Value of Derivative Contracts, Excluding Impact of Credit Risk		(4,672)		(4,672)		$ (3,248)
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net		$ 83	$ (352)	$ (102)	$ (1,399)

Note 3 - Fair Value of Derivati

Note 3 - Fair Value of Derivatives (Details) - Fair Value, Inputs, Level 2 [Member] - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Commodity Contract [Member]
Fair Value of Derivates	$ 82	$ (400)
Foreign Exchange Contract [Member]
Fair Value of Derivates	87	(171)
Interest Rate Swap [Member]
Fair Value of Derivates	$ (4,733)	$ (2,618)

Note 4 - Fair Value Measureme34

Note 4 - Fair Value Measurements (Details Textual) - Fair Value, Inputs, Level 2 [Member] $ in Thousands	Jun. 30, 2016USD ($)
Long-term Debt	$ 926,390
Long-term Debt, Fair Value	$ 914,810

Note 5 - Accumulated Other Co35

Note 5 - Accumulated Other Comprehensive Loss (Details Textual) - Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
OCI, before Reclassifications, before Tax, Attributable to Parent	$ (219)	$ 431	$ (2,115)	$ (1,643)
Other Comprehensive Income (Loss) before Reclassifications, Tax	$ (85)	$ 165	$ (827)	$ (637)

Note 5 - Disclosure of Changes

Note 5 - Disclosure of Changes in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2016		Jun. 30, 2015		Jun. 30, 2016		Jun. 30, 2015
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	$ (7,102)		$ (7,424)		$ (9,502)		$ (1,878)
Other comprehensive loss before reclassifications	(13,132)		63		(10,732)		(5,483)
Amounts reclassified from AOCL
Net current-period other comprehensive loss	(13,132)		63		(10,732)		(5,483)
Balance	(20,234)		(7,361)		(20,234)		(7,361)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Balance	(11,362)		(13,243)		(11,362)		(13,243)
Other comprehensive loss before reclassifications
Amounts reclassified from AOCL
Net current-period other comprehensive loss
Balance	(11,362)		(13,243)		(11,362)		(13,243)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Balance	(2,765)		(1,918)		(1,611)		(646)
Other comprehensive loss before reclassifications	(134)	[1]	266	[2]	(1,288)	[3]	(1,006)	[4]
Amounts reclassified from AOCL
Net current-period other comprehensive loss	(134)		266		(1,288)		(1,006)
Balance	(2,899)		(1,652)		(2,899)		(1,652)
Balance	(21,229)		(22,585)		(22,475)		(15,767)
Other comprehensive loss before reclassifications	(13,266)		329		(12,020)		(6,489)
Amounts reclassified from AOCL
Net current-period other comprehensive loss	(13,266)		329		(12,020)		(6,489)
Balance	$ (34,495)		$ (22,256)		$ (34,495)		$ (22,256)
[1]	Represents unrealized losses of $(219), net of tax benefit of $85 for the three months ended June 30, 2016.
[2]	Represents unrealized gains of $431, net of tax effect of $(165) for the three months ended June 30, 2015.
[3]	Represents unrealized losses of $(2,115), net of tax benefit of $827 for the six months ended June 30, 2016.
[4]	Represents unrealized losses of $(1,643), net of tax benefit of $637 for the six months ended June 30, 2015.

Note 6 - Segment Reporting (Det

Note 6 - Segment Reporting (Details Textual)	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Geographic Concentration Risk [Member] | Sales Revenue, Net [Member] | UNITED STATES
Concentration Risk, Percentage	74.00%		84.00%	78.00%	85.00%
Geographic Concentration Risk [Member] | Net Assets, Geographic Area [Member] | UNITED STATES
Concentration Risk, Percentage				86.00%		93.00%
Number of Reportable Segments	2	1

Note 6 - Net Sales by Reportabl

Note 6 - Net Sales by Reportable Segment (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Domestic [Member]
As reported		$ 286,720	$ 258,117	$ 534,736	$ 545,729
Total adjusted EBITDA		57,352	48,457	104,212	102,901
International [Member]
As reported		80,656	30,243	119,175	54,449
Total adjusted EBITDA		6,574	3,965	9,523	6,659
As reported		367,376	288,360	653,911	600,178
Total adjusted EBITDA		63,926	52,422	113,735	109,560
Interest expense		(11,380)	(10,763)	(22,415)	(22,031)
Depreciation and amortization		(13,650)	(10,129)	(26,443)	(19,163)
Non-cash write-down and other adjustments (1)	[1]	(2,909)	(404)	(2,782)	(1,976)
Non-cash share-based compensation expense (2)	[2]	(2,901)	(2,582)	(5,386)	(5,090)
Loss on extinguishment of debt (3)	[3]		(3,427)		(4,795)
Transaction costs and credit facility fees (4)	[4]	(237)	(481)	(760)	(682)
Business optimization expenses (5)	[5]		(1,444)	(7,106)	(1,738)
Other		15	280	(48)	90
Income before provision for income taxes		$ 32,864	$ 23,472	$ 48,795	$ 54,175
[1]	Includes gains/losses on disposal of assets, unrealized mark-to-market adjustments on commodity contracts, foreign currency gains/losses and certain purchase accounting related adjustments.
[2]	Represents share-based compensation expense to account for stock options, restricted stock and other stock awards over their respective vesting periods.
[3]	Represents the write-off of original issue discount and capitalized debt issuance costs due to voluntary debt prepayments.
[4]	Represents transaction costs incurred directly in connection with any investment, as defined in our credit agreement; equity issuance, debt issuance or refinancing; together with certain fees relating to our senior secured credit facilities.
[5]	Represents charges relating to business optimization and restructuring costs.

Note 6 - Net Sales by Products

Note 6 - Net Sales by Products and Services (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Residential Power Products [Member]
As reported	$ 181,735	$ 133,466	$ 340,716	$ 290,300
Commercial and Industrial Power Products [Member]
As reported	156,730	134,580	259,720	268,343
Other Products and Services [Member]
As reported	28,911	20,314	53,475	41,535
As reported	$ 367,376	$ 288,360	$ 653,911	$ 600,178

Note 7 - Inventories (Details)

Note 7 - Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Raw material	$ 226,110	$ 188,354
Work-in-process	4,347	2,856
Finished goods	150,032	144,747
Reserves for excess and obsolete	(13,744)	(10,582)
Total	$ 366,745	$ 325,375

Note 7 - Property and Equipment

Note 7 - Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Land and Land Improvements [Member]
Property and equipment, gross	$ 12,354	$ 8,553
Building and Building Improvements [Member]
Property and equipment, gross	115,544	104,774
Machinery and Equipment [Member]
Property and equipment, gross	78,434	72,280
Dies and Tools [Member]
Property and equipment, gross	21,779	20,066
Vehicles [Member]
Property and equipment, gross	1,575	1,244
Office Equipment [Member]
Property and equipment, gross	58,440	29,395
Leasehold Improvements [Member]
Property and equipment, gross	4,322	3,338
Construction in Progress [Member]
Property and equipment, gross	10,507	30,482
Property and equipment, gross	302,955	270,132
Accumulated depreciation	(96,255)	(85,919)
Total	$ 206,700	$ 184,213

Note 8 - Reconciliation of Prod

Note 8 - Reconciliation of Product Warranty Liability (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Balance at beginning of period	$ 31,904	$ 29,277	$ 30,197	$ 30,909
Product warranty reserve assumed in acquisition			840
Payments	(4,900)	(5,100)	(8,552)	(10,533)
Provision for warranties issued	4,220	4,480	7,702	9,029
Changes in estimates for pre-existing warranties	(489)	(472)	548	(1,220)
Balance at end of period	30,735	28,185	30,735	28,185
Balance at beginning of period	28,830	27,531	28,961	27,193
Deferred revenue on extended warranty contracts sold	1,619	810	2,763	2,190
Amortization of deferred revenue on extended warranty contracts	(1,367)	(1,100)	(2,642)	(2,142)
Balance at end of period	$ 29,082	$ 27,241	$ 29,082	$ 27,241

Note 8 - Deferred Product Oblig

Note 8 - Deferred Product Obligations (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014
Current portion - other accrued liabilities	$ 21,071		$ 21,726
Long-term portion - other long-term liabilities	9,664		8,471
Total	30,735	$ 31,904	30,197	$ 28,185	$ 29,277	$ 30,909
Current portion - other accrued liabilities	5,034		6,026
Long-term portion - other long-term liabilities	24,048		22,935
Total	$ 29,082	$ 28,830	$ 28,961	$ 27,241	$ 27,531	$ 27,193

Note 9 - Credit Agreements (Det

Note 9 - Credit Agreements (Details Textual) $ in Thousands	May 29, 2015USD ($)	Mar. 30, 2015USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2015USD ($)	May 18, 2015USD ($)	May 31, 2013USD ($)
Term Loan [Member] | Base Rate [Member] | Net Debt Leverage Ratio Threshold [Member]
Debt Instrument, Basis Spread on Variable Rate			1.50%
Term Loan [Member] | Base Rate [Member]
Debt Instrument, Basis Spread on Variable Rate			1.75%
Term Loan [Member] | Adjusted LIBOR Rate [Member] | Net Debt Leverage Ratio Threshold [Member]
Debt Instrument, Basis Spread on Variable Rate			2.50%
Term Loan [Member] | Adjusted LIBOR Rate [Member]
Debt Instrument, Basis Spread on Variable Rate			2.75%
Term Loan [Member] | LIBOR Floor Rate [Member]
Debt Instrument, Basis Spread on Variable Rate			0.75%
Term Loan [Member]
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
Debt Issuance Costs, Net						$ 1,528
Debt Instrument, Fee Amount						$ 49
Repayments of Long-term Debt	$ 100,000	$ 50,000
Write off of Deferred Debt Issuance Cost				$ 4,795
Base Rate [Member] | ABL Revolving Credit Facility [Member]
Debt Instrument, Basis Spread on Variable Rate			1.00%
Adjusted LIBOR Rate [Member] | ABL Revolving Credit Facility [Member]
Debt Instrument, Basis Spread on Variable Rate			2.00%
ABL Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity	150,000						$ 150,000
Uncommitted Incremental Term Loan Facility	50,000
Amended ABL Facility [Member]
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%
Debt Issuance Costs, Net	$ 483
Line of Credit Facility, Unused Capacity, Commitment Fee Percentage	0.125%
Proceeds from Lines of Credit	$ 100,000
Long-term Line of Credit			$ 100,000
Line of Credit Facility, Remaining Borrowing Capacity			142,123
Short-term Debt			$ 33,649		$ 8,594

Note 9 - Short-term Borrowings

Note 9 - Short-term Borrowings (Details) - USD ($)	Jun. 30, 2016	Dec. 31, 2015
ABL Revolving Credit Facility [Member]
Short-term Debt	$ 0	$ 0
Other Lines of Credit [Member]
Short-term Debt	33,649,000	8,594,000
Short-term Debt	$ 33,649,000	$ 8,594,000

Note 9 - Long-term Borrowings (

Note 9 - Long-term Borrowings (Details) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Term loan	$ 954,000	$ 954,000
Original issue discount and deferred financing costs	(27,783)	(29,905)
ABL facility	100,000	100,000
Capital lease obligation	4,973	1,694
Other	16,543	12,000
Total	1,047,733	1,037,789
Less: current portion of debt	12,374	500
Less: current portion of capital lease obligation	523	157
Total	$ 1,034,836	$ 1,037,132

Note 10 - Stock Repurchase Pr47

Note 10 - Stock Repurchase Program (Details Textual) - USD ($) $ in Thousands	Aug. 05, 2015	Jun. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016
Treasury Stock [Member]
Shares Acquired Under Stock Repurchases Program, Shares		935,000			4,238,500
Stock Repurchase Program, Authorized Amount	$ 200,000
Stock Repurchase Program, Period in Force	2 years
Payments for Repurchase of Common Stock		$ 34,576	$ 34,576		$ 134,518

Note 11 - Earnings Per Share (D

Note 11 - Earnings Per Share (Details Textual) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	189,500	142,900	215,800	104,400
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	3,000	2,300	3,400

Note 11 - Reconciliation of Bas

Note 11 - Reconciliation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net income attributable to Generac Holdings Inc. (numerator)		$ 20,888	$ 14,844	$ 31,096	$ 34,529
Weighted average common shares outstanding - basic: (in shares)		65,870,714	68,961,877	65,955,455	68,886,672
Dilutive effect of stock compensation awards (in shares)	[1]	517,867	1,101,186	510,315	1,213,268
Weighted average common shares outstanding - diluted: (in shares)		66,388,581	70,063,063	66,465,770	70,099,940
Net income attributable to Generac Holdings Inc. per common share - basic: (in dollars per share)		$ 0.32	$ 0.22	$ 0.47	$ 0.50
Net income attributable to Generac Holdings Inc. per common share - diluted: (in dollars per share)		$ 0.31	$ 0.21	$ 0.47	$ 0.49
[1]	Excludes approximately 189,500 stock options and 3,000 shares of restricted stock for the three month period ended June 30, 2016, and 215,800 stock options and 3,400 shares of restricted stock for the six month period ended June 30, 2016, as the impact of such awards was anti-dilutive. 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.

Note 12 - Income Taxes (Details

Note 12 - Income Taxes (Details Textual)	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Effective Income Tax Rate Reconciliation, Percent	36.20%	36.30%

Note 13 - Commitments and Con51

Note 13 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	Jun. 30, 2016	Dec. 31, 2015
Amount Financed by Dealers	$ 36.2	$ 32.4