Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2017 |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries that are consolidated in conformity with U.S. GAAP. All intercompany amounts and transactions have been eliminated in consolidation. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | Concentration of Credit Risk The Company maintains the majority of its domestic cash in one One approximately 7% 9% December 31, 2017 2016, No one 6%, 7% 7%, December 31, 2017, 2016, 2015, |
Receivables, Policy [Policy Text Block] | Accounts Receivable Receivables are recorded at their face value amount less an allowance for doubtful accounts. The Company estimates and records an allowance for doubtful accounts based on specific identification and historical experience. The Company writes off uncollectible accounts against the allowance for doubtful accounts after all collection efforts have been exhausted. Sales are generally made on an unsecured basis. |
Inventory, Policy [Policy Text Block] | Inventories Inventories are stated at the lower of cost or market, with cost determined generally using the first first |
Property, Plant and Equipment, Policy [Policy Text Block] | Property and Equipment Property and equipment are recorded at cost and are being depreciated using the straight-line method over the estimated useful lives of the assets, which are summarized below (in years). Costs of leasehold improvements are amortized over the lesser of the term of the lease (including renewal option periods) or the estimated useful lives of the improvements. Land improvements 8 – 20 Buildings and improvements 10 – 40 Machinery and equipment 3 – 15 Dies and tools 3 – 10 Vehicles 3 – 6 Office equipment and systems 3 – 15 Leasehold improvements 2 – 20 Total depreciation expense was $23,127, $21,465, $16,742 December 31, 2017, 2016, 2015, |
Goodwill and Intangible Assets, Policy [Policy Text Block] | Goodwill and Other Indefinite-Lived Intangible Assets Goodwill represents the excess of the purchase price over fair value of identifiable net assets acquired from business acquisitions. Goodwill is not if indicators of impairment are present. The Company evaluates goodwill for impairment annually as of October 31 may not not not not not not not Other indefinite-lived intangible assets consist of certain tradenames. The Company tests the carrying value of these tradenames annually as of October 31 may not not The Company performed the required annual impairment tests for goodwill and other indefinite-lived intangible assets for the fiscal years 201 7, 2016 2015, no 2017 2016 no October 31, 2017 After performing the impairment tests for fiscal year 2015, he Company determined that the fair value of the Ottomotores reporting unit was less than its carrying value, resulting in a non-cash goodwill impairment charge in the fourth 2015 $4,611 second 2015: 2015 3% 15.7% In the fourth 2015, ’s Board of Directors approved a plan to strategically transition and consolidate certain of the Company’s brands acquired in acquisitions to the Generac® tradename. This brand strategy change resulted in a reclassification to a two $36,076 Other than the impairment charges discussed above, the Company found no impairment tests for goodwill and other indefinite-lived intangible assets for fiscal year 2015. no not |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | Impairment of Long-Lived Assets The Company periodically evaluates the carrying value of long-lived asset s (excluding goodwill and indefinite-lived tradenames). Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not |
Debt, Policy [Policy Text Block] | Debt Issuance Costs Debt discounts and d irect costs incurred in connection with the issuance of long-term debt are deferred and recorded as a reduction of outstanding debt and amortized to interest expense using the effective interest method over the terms of the related credit agreements. $ 3,516, $3,939, $5,429 2017, 2016 2015, five 2018 $4,798; 2019 $4,982; 2020 $4,936; 2021 $4,931; 2022 $5,099. |
Income Tax, Policy [Policy Text Block] | Income Taxes The Company is a C Corporation and therefore accounts for income taxes pursuant to the liability method. Accordingly, the current or deferred tax consequences of a transaction are measured by applying the provision of enacted tax laws to determine the amount of taxes payable currently or in future years. Deferred income taxes are provided for temporary differences between the income tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not not |
Revenue Recognition, Policy [Policy Text Block] | Revenue Recognition Sales, net of estimated returns and allowances, are recognized upon shipment of product to the customer, which is generally when title passes, the Company has no not not The Company provides for certain estimated sales programs, discounts and incentive expenses which are recognized as a reduction of sales. |
Shipping and Handling Cost, Policy [Policy Text Block] | Shipping and Handling Costs Shipping and handling costs billed to customers are included in net sales, and the related costs are included in cost of goods sold in the consolidated statements of comprehensive income. |
Advertising Costs, Policy [Policy Text Block] | Advertising and Co-Op Advertising Expenditures for advertising, included in selling and service expenses in the consolidated statements of comprehensive income, are expensed as incurred. Total expenditures for advertising were $45,926, $45,488, $39,258 December 31, 2017, 2016, 2015, |
Research and Development Expense, Policy [Policy Text Block] | Research and Development The Company expenses research and development costs as incurred. Total expenditures incurred for research and development were $42,925, $37,229, $32,922 December 31, 2017, 2016 2015, |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | Foreign Currency Translation and Transactions Balance sheet amounts for non-U.S. Dollar functional currency businesses are translated into U.S. Dollars at the rates of exchange in effect at the end of the fiscal year. Income and expenses incurred in a foreign currency are translated at the average rates of exchange in effect during the year. The related translation adjustments are made directly to accumulated other comprehensive loss, a component of stockholders’ equity, in the consolidated balance sheets. Gains and losses from foreign currency transactions are recognized as incurred in the consolidated statements of comprehensive income. |
Fair Value of Financial Instruments, Policy [Policy Text Block] | Fair Value of Financial Instruments ASC 820 10 , Fair Value Measurement , 820 10 three 1 2 3 no 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 $902,959, $903,500 2 December 31, 2017, For the fair value of the assets and liabilities measured on a recurring basis, refer to the fair value table in Note 4, 2. 820 10. |
Use of Estimates, Policy [Policy Text Block] | Use of Estimates The preparation of the 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 consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Derivatives, Policy [Policy Text Block] | Derivative Instruments and Hedging Activities The Company records all derivatives in accordance with ASC 815, Derivatives and Hedging not |
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] | Share-Based Compensation Share-based compensation expense, including stock options and restricted stock awards, is generally recognized on a straight-line basis over the vesting period based on the fair value of awards which are expected to vest. The fair value of all share-based awards is estimated on the date of grant. |
New Accounting Pronouncements, Policy [Policy Text Block] | New Accounting Pronouncements In May 2014, 2014 09, Revenue from Contracts with Customers five 2014 09, 2015 14, Revenue from Contracts with Customers (Topic 606 eferral of the Effective Date 2016 08, Revenue from Contracts with Customers (Topic 606 2016 10, Revenue from Contracts with Customers (Topic 606 g, 2016 12, Revenue from Contracts with Customers (Topic 606 Narrow- Scope Improvements and Practical Expedients 2016 20, Technical Corrections and Improvements to Topic 606, 2018. not January 1, 2018 In February 2016, 2016 02, Leases 2019, In August 2016, 2016 15, Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments 2018, not In January 2017, 2017 04, Intangibles – Goodwill and Other: Simplifying the Test for Goodwill Impairment 2 not 2020. not In August 2017, 2017 12, Derivatives and Hedging – Targeted Improvements to Accounting for Hedging Activities 2019, In the first 2017, 2016 09, Compensation – Stock Compensation: Improvements to Employee Share-Based Payment Accounting no no 2016 09 not no 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 ’s consolidated financial statements. |