Generac (GNRC) 10-Q 4 Aug 20 2020 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Jul. 29, 2020
Document Information [Line Items]
Entity Central Index Key	0001474735
Entity Registrant Name	GENERAC HOLDINGS INC.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2020
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-34627
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-5654756
Entity Address, Address Line One	S45 W29290 Hwy 59
Entity Address, City or Town	Waukesha
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53189
City Area Code	262
Local Phone Number	544-4811
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	GNRC
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		62,789,673

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 396,734	$ 322,883
Accounts receivable, less allowance for credit losses	322,937	319,538
Inventories	544,372	522,024
Prepaid expenses and other assets	33,063	31,384
Total current assets	1,297,106	1,195,829
Property and equipment, net	317,822	316,976
Customer lists, net	47,162	55,552
Patents and technology, net	76,824	85,546
Other intangible assets, net	6,905	8,259
Tradenames, net	145,740	148,377
Goodwill	796,169	805,284
Deferred income taxes	2,129	2,933
Operating lease and other assets	77,768	46,913
Total assets	2,767,625	2,665,669
Current liabilities:
Short-term borrowings	52,343	58,714
Accounts payable	230,229	261,977
Accrued wages and employee benefits	36,937	41,361
Other accrued liabilities	164,179	132,629
Current portion of long-term borrowings and finance lease obligations	3,032	2,383
Total current liabilities	486,720	497,064
Long-term borrowings and finance lease obligations	841,116	837,767
Deferred income taxes	96,539	96,328
Operating lease and other long-term liabilities	184,956	140,432
Total liabilities	1,609,331	1,571,591
Redeemable noncontrolling interests	61,019	61,227
Stockholders’ equity:
Common stock, par value $0.01, 500,000,000 shares authorized, 71,960,067 and 71,667,726 shares issued at June 30, 2020 and December 31, 2019, respectively	720	717
Additional paid-in capital	512,318	498,866
Treasury stock, at cost	(331,415)	(324,551)
Excess purchase price over predecessor basis	(202,116)	(202,116)
Retained earnings	1,190,749	1,084,383
Accumulated other comprehensive loss	(72,526)	(24,917)
Stockholders’ equity attributable to Generac Holdings Inc.	1,097,730	1,032,382
Noncontrolling interests	(455)	469
Total stockholders' equity	1,097,275	1,032,851
Total liabilities and stockholders’ equity	$ 2,767,625	$ 2,665,669

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
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)	71,960,067	71,667,726

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Net sales	$ 546,848	$ 541,916	$ 1,022,763	$ 1,012,269
Costs of goods sold	337,865	346,078	641,460	654,256
Gross profit	208,983	195,838	381,303	358,013
Operating expenses:
Selling and service	62,526	52,309	117,665	99,598
Research and development	19,455	17,694	38,104	31,303
General and administrative	29,782	27,658	57,671	52,420
Amortization of intangibles	7,667	7,251	15,448	12,593
Total operating expenses	119,430	104,912	228,888	195,914
Income from operations	89,553	90,926	152,415	162,099
Other (expense) income:
Interest expense	(7,932)	(10,452)	(16,985)	(20,724)
Investment income	660	452	1,620	1,366
Other, net	(216)	(393)	(2,130)	(1,454)
Total other expense, net	(7,488)	(10,393)	(17,495)	(20,812)
Income before provision for income taxes	82,065	80,533	134,920	141,287
Provision for income taxes	18,473	18,827	27,917	33,812
Net income	63,592	61,706	107,003	107,475
Net (loss) income attributable to noncontrolling interests	(2,553)	(252)	(3,602)	656
Net income attributable to Generac Holdings Inc.	$ 66,145	$ 61,958	$ 110,605	$ 106,819
Net income attributable to Generac Holdings Inc. per common share - basic: (in dollars per share)	$ 1.04	$ 0.99	$ 1.73	$ 1.75
Weighted average common shares outstanding - basic: (in shares)	62,267,083	61,921,711	62,190,438	61,841,823
Net income attributable to Generac Holdings Inc. per common share - diluted: (in dollars per share)	$ 1.02	$ 0.98	$ 1.70	$ 1.74
Weighted average common shares outstanding - diluted: (in shares)	63,364,253	62,405,863	63,363,721	62,349,030
Comprehensive income attributable to Generac Holdings Inc.	$ 66,758	$ 57,398	$ 63,660	$ 96,925

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Cumulative Effect, Period of Adoption, Adjustment [Member]Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]Parent [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Excess Purchase Price over Predecessor Basis [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Dec. 31, 2018				71,186,418		(9,047,060)
Balance at Dec. 31, 2018				$ 712	$ 476,116	$ (321,473)	$ (202,116)	$ 831,123	$ (23,813)	$ 760,549	$ 712	$ 761,261
Unrealized gain (loss) on interest rate swaps, net of tax				0	0	0	0	0	(12,177)	(12,177)	0	(12,177)
Foreign currency translation adjustment				$ 0	0	$ 0	0	0	2,159	2,159	38	2,197
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price (in shares)				284,923		0
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price				$ 3	1,659	$ 0	0	0	0	1,662	0	1,662
Net share settlement of restricted stock awards (in shares)				0		(51,234)
Net share settlement of restricted stock awards				$ 0	0	$ (2,676)	0	0	0	(2,676)	0	(2,676)
Share-based compensation				0	7,928	0	0	0	0	7,928	0	7,928
Redemption value adjustment				0	0	0	0	1,676	0	1,676	0	1,676
Net income attributable to Generac Holdings Inc.				0	0	0	0	106,819	0	106,819		106,819
Net income											481
Net income												107,300
Cash dividends paid to noncontrolling interest of subsidiary				0	0	0	0	0	0	0	(285)	(285)
Acquisition of business				$ 0	0	$ 0	0	0	0	0	4,125	4,125
Balance (in shares) at Jun. 30, 2019				71,471,341		(9,098,294)
Balance at Jun. 30, 2019				$ 715	485,703	$ (324,149)	(202,116)	939,618	(33,831)	865,940	5,071	871,011
Balance (in shares) at Mar. 31, 2019				71,395,561		(9,097,711)
Balance at Mar. 31, 2019				$ 714	481,391	$ (324,115)	(202,116)	878,416	(29,870)	804,420	5,535	809,955
Unrealized gain (loss) on interest rate swaps, net of tax				0	0	0	0	0	(7,053)	(7,053)	0	(7,053)
Foreign currency translation adjustment				$ 0	0	$ 0	0	0	3,092	3,092	(17)	3,075
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price (in shares)				75,780		0
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price				$ 1	(22)	$ 0	0	0	0	(21)	0	(21)
Net share settlement of restricted stock awards (in shares)				0		(583)
Net share settlement of restricted stock awards				$ 0	0	$ (34)	0	0	0	(34)	0	(34)
Share-based compensation				0	4,334	0	0	0	0	4,334	0	4,334
Redemption value adjustment				0	0	0	0	(756)	0	(756)	0	(756)
Net income attributable to Generac Holdings Inc.				0	0	0	0	61,958	0	61,958		61,958
Net income											(162)
Net income												61,796
Cash dividends paid to noncontrolling interest of subsidiary				$ 0	0	$ 0	0	0	0	0	(285)	(285)
Balance (in shares) at Jun. 30, 2019				71,471,341		(9,098,294)
Balance at Jun. 30, 2019				$ 715	485,703	$ (324,149)	(202,116)	939,618	(33,831)	865,940	5,071	871,011
Balance (in shares) at Dec. 31, 2019				71,667,726		(9,103,013)
Balance at Dec. 31, 2019	$ (1,147)	$ (1,147)	$ (1,147)	$ 717	498,866	$ (324,551)	(202,116)	1,084,383	(24,917)	1,032,382	469	1,032,851
Unrealized gain (loss) on interest rate swaps, net of tax				0	0	0	0	0	(19,409)	(19,409)	0	(19,409)
Foreign currency translation adjustment				$ 0	0	$ 0	0	0	(28,200)	(28,200)	(2)	(28,202)
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price (in shares)				292,341		0
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price				$ 3	3,478	$ 0	0	0	0	3,481	0	3,481
Net share settlement of restricted stock awards (in shares)				0		(67,149)
Net share settlement of restricted stock awards				$ 0	0	$ (6,864)	0	0	0	(6,864)	0	(6,864)
Share-based compensation				0	9,974	0	0	0	0	9,974	0	9,974
Redemption value adjustment				0	0	0	0	(3,092)	0	(3,092)	0	(3,092)
Net income attributable to Generac Holdings Inc.				$ 0	0	$ 0	0	110,605	0	110,605		110,605
Net income											(922)
Net income												109,683
Balance (in shares) at Jun. 30, 2020				71,960,067		(9,170,162)
Balance at Jun. 30, 2020				$ 720	512,318	$ (331,415)	(202,116)	1,190,749	(72,526)	1,097,730	(455)	1,097,275
Balance (in shares) at Mar. 31, 2020				71,844,675		(9,169,894)
Balance at Mar. 31, 2020				$ 719	504,195	$ (331,386)	(202,116)	1,126,174	(73,944)	1,023,642	45	1,023,687
Unrealized gain (loss) on interest rate swaps, net of tax				0	0	0	0	0	(3,596)	(3,596)	0	(3,596)
Foreign currency translation adjustment				$ 0	0	$ 0	0	0	5,014	5,014	2	5,016
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price (in shares)				115,392		0
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price				$ 1	2,723	$ 0	0	0	0	2,724	0	2,724
Net share settlement of restricted stock awards (in shares)				0		(268)
Net share settlement of restricted stock awards				$ 0	0	$ (29)	0	0	0	(29)	0	(29)
Share-based compensation				0	5,400	0	0	0	0	5,400	0	5,400
Redemption value adjustment				0	0	0	0	(1,570)	0	(1,570)	0	(1,570)
Net income attributable to Generac Holdings Inc.				$ 0	0	$ 0	0	66,145	0	66,145		66,145
Net income											(502)
Net income												65,643
Balance (in shares) at Jun. 30, 2020				71,960,067		(9,170,162)
Balance at Jun. 30, 2020				$ 720	$ 512,318	$ (331,415)	$ (202,116)	$ 1,190,749	$ (72,526)	$ 1,097,730	$ (455)	$ 1,097,275

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
AOCI Attributable to Parent [Member]
Unrealized gain (loss) on interest rate swaps, tax	$ 1,215	$ 2,478	$ 6,556	$ 4,278

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019
Operating activities
Net income		$ 107,003	$ 107,475
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation		17,471	14,754
Amortization of intangible assets		15,448	12,593
Amortization of original issue discount and deferred financing costs		1,286	2,376
Deferred income taxes		8,029	11,108
Share-based compensation expense	[1]	9,974	7,928
Other non-cash charges		8,906	400
Net changes in operating assets and liabilities, net of acquisitions:
Accounts receivable		(19,021)	(8,794)
Inventories		(35,316)	(21,157)
Other assets		(1,220)	(3,086)
Accounts payable		(22,987)	(68,539)
Accrued wages and employee benefits		(3,604)	(14,912)
Other accrued liabilities		31,851	(16,077)
Excess tax benefits from equity awards		(4,706)	(1,455)
Net cash provided by operating activities		113,114	22,614
Investing activities
Proceeds from sale of property and equipment		12	49
Proceeds from beneficial interests in securitization transactions		1,324	1,396
Expenditures for property and equipment		(26,332)	(34,376)
Acquisition of business, net of cash acquired		0	(112,941)
Net cash used in investing activities		(24,996)	(145,872)
Financing activities
Proceeds from short-term borrowings		122,489	35,790
Proceeds from long-term borrowings		81	0
Repayments of short-term borrowings		(125,745)	(24,325)
Repayments of long-term borrowings and finance lease obligations		(2,460)	(2,000)
Payment of contingent acquisition consideration		(4,000)	0
Cash dividends paid to noncontrolling interest of subsidiary		0	(285)
Taxes paid related to equity awards		(10,951)	(4,441)
Proceeds from exercise of stock options		7,570	3,419
Net cash (used in) provided by financing activities		(13,016)	8,158
Effect of exchange rate changes on cash and cash equivalents		(1,251)	985
Net increase (decrease) in cash and cash equivalents		73,851	(114,115)
Cash and cash equivalents at beginning of period		322,883	224,482
Cash and cash equivalents at end of period		$ 396,734	$ 110,367
[1]	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, 2020
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	1. Description of Business and Basis of Presentation Founded in 1959, Over the years, the Company has executed a number of acquisitions that support its strategic plan (as discussed in Item 1 10 December 31, 2019 ● In February 2019, 2010 ● In March 2019, 2005 ● In April 2019, 2010 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 (GAAP). All intercompany amounts and transactions have been eliminated in consolidation. The condensed consolidated balance sheet as of June 30, 2020 three six June 30, 2020 2019 three six June 30, 2020 2019 six June 30, 2020 2019 not not The preparation of the condensed consolidated financial statements in conformity with 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 disclosures normally included in consolidated financial statements prepared in accordance with 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 the Annual Report on Form 10 December 31, 2019 Goodwill and Other Indefinite-Lived Intangible Assets The Company applies a fair value-based impairment test to the carrying value of goodwill and other indefinite-lived intangible assets on an annual basis (as of October 31) may 2, 8 2019 10 October 31, 2019. Given the uncertainty within the global markets caused by the onset of the COVID- 19 first 2020, March 31, 2020. 19 Based on the interim impairment assessment as of March 31, 2020, not may The Company did not three June 30, 2020. Adoption of New Accounting Pronouncements Changes to GAAP are established by the Financial Accounting Standards Board (FASB) in the form of accounting standard updates (“ASUs”) to the FASB Accounting Standards Codification (ASC). ASUs not not not Recently Adopted Accounting Standards On January 1, 2020, 2016 13, Financial Instruments – Credit Losses (Topic 326 Measurement of Credit Losses on Financial Instruments no 2016 13. January 1, 2020 326 9, On January 1, 2020, 2020 04, Reference Rate Reform.

Note 2 - Acquisitions

Note 2 - Acquisitions	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Business Combination Disclosure [Text Block]	2 . Acquisitions Acquisition of Pika On April 26, 2019, The Company finalized the Pika purchase price allocation during the first 2020 not Acquisition of Neurio On March 12, 2019, third 2019. The Company finalized the Neurio purchase price allocation during the first 2020

Note 3 - Redeemable Noncontroll

Note 3 - Redeemable Noncontrolling Interest	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Redeemable Noncontrolling Interest [Text Block]	3. On March 1, 2016, February 2019, five five no April 1, 2021. On February 1, 2019, five may five For both transactions, the redeemable noncontrolling interest is recorded at the greater of the initial fair value, increased or decreased for the noncontrolling interests’ share of comprehensive income (loss), or the estimated redemption value, with any adjustments to the redemption value impacting retained earnings, but not 14, Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Balance at beginning of period $ 59,904 $ 57,357 $ 61,227 $ 61,004 Net income (2,052 ) (90 ) (2,681 ) 175 Foreign currency translation 1,597 1,094 (619 ) (386 ) Redemption value adjustment 1,570 756 3,092 (1,676 ) Balance at end of period $ 61,019 $ 59,117 $ 61,019 $ 59,117

Note 4 - Derivative Instruments

Note 4 - Derivative Instruments and Hedging Activities	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	4 . Derivative Instruments and Hedging Activities The Company records all derivatives in accordance with ASC 815, Derivatives and Hedging not The Company periodically utilizes commodity derivatives and foreign currency forward purchase and sales contracts in the normal course of business. Because these contracts do not not Interest Rate Swaps In 2017, twenty sixteen June 30, 2020 December 2019, March 2020, three nineteen June 30, 2020 three six June 30, 2020 three six June 30, 2019 Fair Value The following table presents the fair value of all of the Company’s derivatives: June 30, December 31, 9 Commodity contracts $ 842 $ 6 Foreign currency contracts 64 31 Interest rate swaps (36,390 ) (10,425 ) The fair values of the commodity and foreign currency contracts are included in prepaid expenses and other current assets, and the fair value of the interest rate swaps is included in other long-term liabilities in the condensed consolidated balance sheets as of June 30, 2020. December 31, 2019 June 30, 2020 December 31, 2019

Note 5 - Fair Value Measurement

Note 5 - Fair Value Measurements	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Fair Value Disclosures [Text Block]	5. Measurements 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 $814,094, was approximately $813,400 (Level 2 June 30, 2020 For the fair value of the derivatives measured on a recurring basis, refer to the fair value table in Note 4, 2. 820 10.

Note 6 - Accumulated Other Comp

Note 6 - Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	6. Loss The following presents a tabular disclosure of changes in AOCL during the three six June 30, 2020 2019 Foreign Currency Translation Adjustments Defined Benefit Pension Plan Unrealized Loss on Cash Flow Hedges Total Beginning Balance – April, 1 2020 $ (49,836 ) $ - $ (24,108 ) $ (73,944 ) Other comprehensive income (loss) before reclassifications 5,014 - (3,596 ) (1) 1,418 Amounts reclassified from AOCL - - - - Net current-period other comprehensive income (loss) 5,014 - (3,596 ) 1,418 Ending Balance – June 30, 2020 $ (44,822 ) $ - $ (27,704 ) $ (72,526 ) Foreign Currency Translation Adjustments Defined Benefit Pension Plan Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – April, 1 2019 $ (19,765 ) $ (10,541 ) $ 436 $ (29,870 ) Other comprehensive income (loss) before reclassifications 3,092 - (7,053 ) (2) (3,961 ) Amounts reclassified from AOCL - - - - Net current-period other comprehensive income (loss) 3,092 - (7,053 ) (3,961 ) Ending Balance – June 30, 2019 $ (16,673 ) $ (10,541 ) $ (6,617 ) $ (33,831 ) Foreign Currency Translation Adjustments Defined Benefit Pension Plan Unrealized Loss on Cash Flow Hedges Total Beginning Balance – January 1, 2020 $ (16,622 ) $ - $ (8,295 ) $ (24,917 ) Other comprehensive loss before reclassifications (28,200 ) (3) - (19,409 ) (4) (47,609 ) Amounts reclassified from AOCL - - - - Net current-period other comprehensive loss (28,200 ) - (19,409 ) (47,609 ) Ending Balance – June 30, 2020 $ (44,822 ) $ - $ (27,704 ) $ (72,526 ) Foreign Currency Translation Adjustments Defined Benefit Pension Plan Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – January 1, 2019 $ (18,832 ) $ (10,541 ) $ 5,560 $ (23,813 ) Other comprehensive income (loss) before reclassifications 2,159 - (12,177 ) (5) (10,018 ) Amounts reclassified from AOCL - - - - Net current-period other comprehensive income (loss) 2,159 - (12,177 ) (10,018 ) Ending Balance – June 30, 2019 $ (16,673 ) $ (10,541 ) $ (6,617 ) $ (33,831 ) ( 1 Represents unrealized losses of $(4,811), net of tax effect of $1,215 for the three June 30, 2020 ( 2 Represents unrealized losses of $(9,531), net of tax effect of $2,478 for the three June 30, 2019 ( 3 Represents the unfavorable impact from the strengthening of the U.S. dollar against foreign currencies during the six June 30, 2020 ( 4 Represents unrealized losses of $(25,965), net of tax effect of $6,556 for the six June, 30, 2020. ( 5 Represents unrealized losses of $(16,455), net of tax effect of $4,278 for the six June 30, 2019

Note 7 - Segment Reporting

Note 7 - Segment Reporting	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	7 . Segment Reporting The Company has two two The Company's product offerings consist primarily of power generation equipment, energy technology solutions, and other power products geared for varying end customer uses. Residential products and commercial & industrial (C&I) products are each a similar class of products based on similar power output and end customer. The breakout of net sales between residential, C&I, and other products by reportable segment is as follows: Net Sales by Segment Three Months Ended June 30, 2020 Product Classes Domestic International Total Residential products $ 327,857 $ 13,495 $ 341,352 Commercial & industrial products 90,339 64,551 154,890 Other 42,578 8,028 50,606 Total net sales $ 460,774 $ 86,074 $ 546,848 Three Months Ended June 30, 2019 Product Classes Domestic International Total Residential products $ 252,340 $ 16,034 $ 268,374 Commercial & industrial products 137,197 93,231 230,428 Other 31,995 11,119 43,114 Total net sales $ 421,532 $ 120,384 $ 541,916 Net Sales by Segment Six Months Ended June 30, 2020 Product Classes Domestic International Total Residential products $ 571,686 $ 27,285 $ 598,971 Commercial & industrial products 186,167 140,790 326,957 Other 78,951 17,884 96,835 Total net sales $ 836,804 $ 185,959 $ 1,022,763 Six Months Ended June 30, 2019 Product Classes Domestic International Total Residential products $ 456,599 $ 29,605 $ 486,204 Commercial & industrial products 258,022 181,530 439,552 Other 63,409 23,104 86,513 Total net sales $ 778,030 $ 234,239 $ 1,012,269 Residential products consist primarily of automatic home standby generators ranging in output from 6kW 60kW, C&I products consist of larger output stationary generators used in C&I applications and fueled by diesel, natural gas, liquid propane and bi-fuel, with power outputs ranging from 10kW 3,250kW. Other products and services consist primarily of aftermarket service parts and product accessories sold to our dealers, the amortization of extended warranty deferred revenue, and remote monitoring subscription revenue. The aftermarket service parts and product accessories are generally transferred to the customer at a point in time, while the extended warranty revenue and subscription revenue are recognized over the life of the contract. Management evaluates the performance of its segments based primarily on Adjusted EBITDA, which is reconciled to Income before provision for income taxes below. The computation of Adjusted EBITDA is based on the definition contained in the Company’s credit agreements. Adjusted EBITDA Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Domestic $ 121,256 $ 103,686 $ 204,030 $ 184,914 International 1,884 8,200 5,134 14,100 Total adjusted EBITDA $ 123,140 $ 111,886 $ 209,164 $ 199,014 Interest expense (7,932 ) (10,452 ) (16,985 ) (20,724 ) Depreciation and amortization (16,803 ) (14,740 ) (32,919 ) (27,347 ) Non-cash write-down and other adjustments (1) 893 (1,726 ) (1,391 ) (326 ) Non-cash share-based compensation expense (2) (5,400 ) (4,334 ) (9,974 ) (7,928 ) Transaction costs and credit facility fees (3) (358 ) (413 ) (592 ) (1,699 ) Business optimization and other charges (4) (11,460 ) (73 ) (11,972 ) (242 ) Other (15 ) 385 (411 ) 539 Income before provision for income taxes $ 82,065 $ 80,533 $ 134,920 $ 141,287 ( 1 Includes certain foreign currency and purchase accounting related adjustments, gains/losses on disposal of assets, and unrealized mark-to-market adjustments on commodity contracts. ( 2 Represents share-based compensation expense to account for stock options, restricted stock and other stock awards over their respective vesting periods. ( 3 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. ( 4 For the three six June 30, 2020, 19 three six June 30, 2019, In the fourth 2019, 2018. not three six June 30, 2019, The Company’s sales in the United States represented approximately 83% and 74% of total sales for the three June 30, 2020 2019 six June 30, 2020 2019, June 30, 2020 December 31, 2019

Note 8 - Balance Sheet Details

Note 8 - Balance Sheet Details	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Supplemental Balance Sheet Disclosures [Text Block]	8 . Balance Sheet Details Inventories consist of the following: June 30, December 31, 2020 2019 Raw materials $ 319,649 $ 328,021 Work-in-process 5,935 10,387 Finished goods 218,788 183,616 Total $ 544,372 $ 522,024 Property and equipment consists of the following: June 30, December 31, 2020 2019 Land and improvements $ 17,126 $ 18,252 Buildings and improvements 180,734 177,079 Machinery and equipment 134,474 117,114 Dies and tools 23,005 22,040 Vehicles 4,005 3,955 Office equipment and systems 100,801 99,124 Leasehold improvements 4,456 4,293 Construction in progress 29,803 36,299 Gross property and equipment 494,404 478,156 Accumulated depreciation (176,582 ) (161,180 ) Total $ 317,822 $ 316,976 Total property and equipment included finance leases of $27,179 and $26,063 at June 30, 2020 December 31, 2019

Note 9 - Allowance for Credit L

Note 9 - Allowance for Credit Losses	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Allowance for Credit Losses [Text Block]	9. The Company's trade and other receivables primarily arise from the sale of our products to independent residential dealers, industrial distributors and dealers, national and regional retailers, electrical/HVAC/solar wholesalers, e-commerce partners, equipment rental companies, equipment distributors, solar installers, and certain end users with payment terms generally ranging from 30 60 may The Company maintains an allowance for credit losses, which represents an estimate of expected losses over the remaining contractual life of its receivables considering current market conditions and estimates for supportable forecasts when appropriate. The Company measures expected credit losses on its trade receivables on an entity by entity basis. The estimate of expected credit losses considers a historical loss experience rate that is adjusted for delinquency trends, collection experience, and/or economic risk where appropriate based on current conditions. Additionally, management develops a specific allowance for trade receivables known to have a high risk of expected future credit loss. The Company has historically experienced immaterial write-offs given the nature of the customers that receive credit. In addition, the Company holds a credit insurance plan that covers the risk of loss up to specified amounts on certain trade receivables. As of June 30, 2020 The following is a tabular reconciliation of the Company’s allowance for credit losses: Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Balance at beginning of period $ 7,668 $ 6,968 Adoption of ASU 2016-13 - 1,147 Provision for credit losses 3,513 3,830 Charge-offs (116 ) (279 ) Currency translation 32 (569 ) Balance at end of period $ 11,097 $ 11,097

Note 10 - Product Warranty Obli

Note 10 - Product Warranty Obligations	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	10. Obligations The Company records a liability for standard product warranty obligations accounted for as assurance warranties 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. The following is a tabular reconciliation of the Company’s standard product warranty liability accounted for as an assurance warranty: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Balance at beginning of period $ 49,023 $ 43,562 $ 49,316 $ 41,785 Product warranty reserve assumed in acquisition - 195 - 407 Payments (7,881 ) (5,657 ) (15,469 ) (11,291 ) Provision for warranty issued 8,456 8,178 16,742 15,138 Changes in estimates for pre-existing warranties 726 (954 ) (265 ) (715 ) Balance at end of period $ 50,324 $ 45,324 $ 50,324 $ 45,324 Additionally, the Company sells extended warranty coverage for certain products, which it accounts for as a service warranty. The sales of extended warranties are recorded as deferred revenue, and typically have a duration of five ten Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Balance at beginning of period $ 80,880 $ 70,844 $ 78,738 $ 68,340 Deferred revenue contracts issued 6,225 7,114 12,164 12,914 Amortization of deferred revenue contracts (3,952 ) (3,441 ) (7,749 ) (6,737 ) Balance at end of period $ 83,153 $ 74,517 $ 83,153 $ 74,517 The timing June 30, 2020 Remainder of 2020 $ 8,205 2021 17,900 2022 17,268 2023 12,279 2024 10,324 After 2024 17,177 Total $ 83,153 Standard product warranty obligations and extended warranty related deferred revenues are included in the condensed consolidated balance sheets as follows: June 30, December 31, 2020 2019 Product warranty liability Current portion - other accrued liabilities $ 28,064 $ 27,885 Long-term portion - other long-term liabilities 22,260 21,431 Total $ 50,324 $ 49,316 Deferred revenue related to extended warranties Current portion - other accrued liabilities $ 19,003 $ 15,519 Long-term portion - other long-term liabilities 64,150 63,219 Total $ 83,153 $ 78,738

Note 11 - Contract Balances

Note 11 - Contract Balances	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	11. In certain cases, the Company’s customers pay for their goods in advance. These prepayments are recognized as customer deposits (contract liabilities) and recorded in other accrued liabilities in the condensed consolidated balance sheets. The balance of customer deposits was $6,205 and $9,952 at June 30, 2020 December 31, 2019 six June 30, 2020 December 31, 2019 one

Note 12 - Credit Agreements

Note 12 - Credit Agreements	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Debt Disclosure [Text Block]	12 . Credit Agreements Short-term borrowings are included in the condensed consolidated balance sheets as follows: June 30, December 31, 2020 2019 ABL facility $ 7,279 $ 30,961 Other lines of credit 45,064 27,753 Total $ 52,343 $ 58,714 Long-term borrowings are included in the condensed consolidated balance sheets as follows: June 30, December 31, 2020 2019 Term loan $ 830,000 $ 830,000 Original issue discount and deferred financing costs (16,762 ) (18,048 ) Finance lease obligation 27,157 25,962 Other 3,753 2,236 Total 844,148 840,150 Less: current portion of debt 1,010 553 Less: current portion of finance lease obligation 2,022 1,830 Total $ 841,116 $ 837,767 The Company’s credit agreements originally provided for a $1,200,000 term loan B credit facility (Term Loan) and currently include a $300,000 uncommitted incremental term loan facility. The maturity date of the Term Loan is currently December 13, 2026. first second In December 2019, May 31, 2023 December 13, 2026, 0.75% 470 50, fourth 2019. The Term Loan does not 1.00 June 30, 2020 1.00 no The Company’s credit agreements also originally provided for a senior secured ABL revolving credit facility (ABL Facility). 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 second As of June 30, 2020 As of June 30, 2020 December 31, 2019

Note 13 - Stock Repurchase Prog

Note 13 - Stock Repurchase Program	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Treasury Stock [Text Block]	13 . Stock Repurchase Program In August 2015, third 2016. October 2016, fourth 2018. September 2018, October 2018, may may may may no three six June 30, 2020

Note 14 - Earnings Per Share

Note 14 - Earnings Per Share	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Earnings Per Share [Text Block]	14. Share Basic earnings per share is calculated by dividing net income attributable to the common shareholders of 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. Refer to Note 3, 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, 2020 2019 2020 2019 Numerator Net income attributable to Generac Holdings Inc. $ 66,145 $ 61,958 $ 110,605 $ 106,819 Redeemable noncontrolling interest redemption value adjustment (1,570 ) (756 ) (3,092 ) 1,676 Net income attributable to common shareholders $ 64,575 $ 61,202 $ 107,513 $ 108,495 Denominator Weighted average shares, basic 62,267,083 61,921,711 62,190,438 61,841,823 Dilutive effect of stock compensation awards (1) 1,097,170 484,152 1,173,283 507,207 Diluted shares 63,364,253 62,405,863 63,363,721 62,349,030 Net income attributable to common shareholders per share Basic $ 1.04 $ 0.99 $ 1.73 $ 1.75 Diluted $ 1.02 $ 0.98 $ 1.70 $ 1.74 ( 1 three June 30, 2020 2019, six June 30, 2020 2019,

Note 15 - Income Taxes

Note 15 - Income Taxes	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Income Tax Disclosure [Text Block]	15 . Income Taxes The effective income tax rates for the six June 30, 2020 2019

Note 16 - Commitments and Conti

Note 16 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	16 . Commitments and Contingencies The Company has an arrangement with a finance company to provide floor plan financing for certain 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 June 30, 2020 December 31, 2019 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 not

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Goodwill and Intangible Assets, Policy [Policy Text Block]	Goodwill and Other Indefinite-Lived Intangible Assets The Company applies a fair value-based impairment test to the carrying value of goodwill and other indefinite-lived intangible assets on an annual basis (as of October 31) may 2, 8 2019 10 October 31, 2019. Given the uncertainty within the global markets caused by the onset of the COVID- 19 first 2020, March 31, 2020. 19 Based on the interim impairment assessment as of March 31, 2020, not may The Company did not three June 30, 2020.
New Accounting Pronouncements, Policy [Policy Text Block]	Adoption of New Accounting Pronouncements Changes to GAAP are established by the Financial Accounting Standards Board (FASB) in the form of accounting standard updates (“ASUs”) to the FASB Accounting Standards Codification (ASC). ASUs not not not Recently Adopted Accounting Standards On January 1, 2020, 2016 13, Financial Instruments – Credit Losses (Topic 326 Measurement of Credit Losses on Financial Instruments no 2016 13. January 1, 2020 326 9, On January 1, 2020, 2020 04, Reference Rate Reform.

Note 3 - Redeemable Noncontro_2

Note 3 - Redeemable Noncontrolling Interest (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Tables
Redeemable Noncontrolling Interest [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Balance at beginning of period $ 59,904 $ 57,357 $ 61,227 $ 61,004 Net income (2,052 ) (90 ) (2,681 ) 175 Foreign currency translation 1,597 1,094 (619 ) (386 ) Redemption value adjustment 1,570 756 3,092 (1,676 ) Balance at end of period $ 61,019 $ 59,117 $ 61,019 $ 59,117

Note 4 - Derivative Instrumen_2

Note 4 - Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Tables
Schedule Of Derivative Assets (Liabilities) at Fair Value [Table Text Block]	June 30, December 31, 9 Commodity contracts $ 842 $ 6 Foreign currency contracts 64 31 Interest rate swaps (36,390 ) (10,425 )

Note 6 - Accumulated Other Co_2

Note 6 - Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2020
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 2020 $ (49,836 ) $ - $ (24,108 ) $ (73,944 ) Other comprehensive income (loss) before reclassifications 5,014 - (3,596 ) (1) 1,418 Amounts reclassified from AOCL - - - - Net current-period other comprehensive income (loss) 5,014 - (3,596 ) 1,418 Ending Balance – June 30, 2020 $ (44,822 ) $ - $ (27,704 ) $ (72,526 ) Foreign Currency Translation Adjustments Defined Benefit Pension Plan Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – April, 1 2019 $ (19,765 ) $ (10,541 ) $ 436 $ (29,870 ) Other comprehensive income (loss) before reclassifications 3,092 - (7,053 ) (2) (3,961 ) Amounts reclassified from AOCL - - - - Net current-period other comprehensive income (loss) 3,092 - (7,053 ) (3,961 ) Ending Balance – June 30, 2019 $ (16,673 ) $ (10,541 ) $ (6,617 ) $ (33,831 ) Foreign Currency Translation Adjustments Defined Benefit Pension Plan Unrealized Loss on Cash Flow Hedges Total Beginning Balance – January 1, 2020 $ (16,622 ) $ - $ (8,295 ) $ (24,917 ) Other comprehensive loss before reclassifications (28,200 ) (3) - (19,409 ) (4) (47,609 ) Amounts reclassified from AOCL - - - - Net current-period other comprehensive loss (28,200 ) - (19,409 ) (47,609 ) Ending Balance – June 30, 2020 $ (44,822 ) $ - $ (27,704 ) $ (72,526 ) Foreign Currency Translation Adjustments Defined Benefit Pension Plan Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – January 1, 2019 $ (18,832 ) $ (10,541 ) $ 5,560 $ (23,813 ) Other comprehensive income (loss) before reclassifications 2,159 - (12,177 ) (5) (10,018 ) Amounts reclassified from AOCL - - - - Net current-period other comprehensive income (loss) 2,159 - (12,177 ) (10,018 ) Ending Balance – June 30, 2019 $ (16,673 ) $ (10,541 ) $ (6,617 ) $ (33,831 )

Note 7 - Segment Reporting (Tab

Note 7 - Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Tables
Disaggregation of Revenue [Table Text Block]	Net Sales by Segment Three Months Ended June 30, 2020 Product Classes Domestic International Total Residential products $ 327,857 $ 13,495 $ 341,352 Commercial & industrial products 90,339 64,551 154,890 Other 42,578 8,028 50,606 Total net sales $ 460,774 $ 86,074 $ 546,848 Three Months Ended June 30, 2019 Product Classes Domestic International Total Residential products $ 252,340 $ 16,034 $ 268,374 Commercial & industrial products 137,197 93,231 230,428 Other 31,995 11,119 43,114 Total net sales $ 421,532 $ 120,384 $ 541,916 Net Sales by Segment Six Months Ended June 30, 2020 Product Classes Domestic International Total Residential products $ 571,686 $ 27,285 $ 598,971 Commercial & industrial products 186,167 140,790 326,957 Other 78,951 17,884 96,835 Total net sales $ 836,804 $ 185,959 $ 1,022,763 Six Months Ended June 30, 2019 Product Classes Domestic International Total Residential products $ 456,599 $ 29,605 $ 486,204 Commercial & industrial products 258,022 181,530 439,552 Other 63,409 23,104 86,513 Total net sales $ 778,030 $ 234,239 $ 1,012,269
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Adjusted EBITDA Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Domestic $ 121,256 $ 103,686 $ 204,030 $ 184,914 International 1,884 8,200 5,134 14,100 Total adjusted EBITDA $ 123,140 $ 111,886 $ 209,164 $ 199,014 Interest expense (7,932 ) (10,452 ) (16,985 ) (20,724 ) Depreciation and amortization (16,803 ) (14,740 ) (32,919 ) (27,347 ) Non-cash write-down and other adjustments (1) 893 (1,726 ) (1,391 ) (326 ) Non-cash share-based compensation expense (2) (5,400 ) (4,334 ) (9,974 ) (7,928 ) Transaction costs and credit facility fees (3) (358 ) (413 ) (592 ) (1,699 ) Business optimization and other charges (4) (11,460 ) (73 ) (11,972 ) (242 ) Other (15 ) 385 (411 ) 539 Income before provision for income taxes $ 82,065 $ 80,533 $ 134,920 $ 141,287

Note 8 - Balance Sheet Details

Note 8 - Balance Sheet Details (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Tables
Schedule of Inventory, Current [Table Text Block]	June 30, December 31, 2020 2019 Raw materials $ 319,649 $ 328,021 Work-in-process 5,935 10,387 Finished goods 218,788 183,616 Total $ 544,372 $ 522,024
Property, Plant and Equipment [Table Text Block]	June 30, December 31, 2020 2019 Land and improvements $ 17,126 $ 18,252 Buildings and improvements 180,734 177,079 Machinery and equipment 134,474 117,114 Dies and tools 23,005 22,040 Vehicles 4,005 3,955 Office equipment and systems 100,801 99,124 Leasehold improvements 4,456 4,293 Construction in progress 29,803 36,299 Gross property and equipment 494,404 478,156 Accumulated depreciation (176,582 ) (161,180 ) Total $ 317,822 $ 316,976

Note 9 - Allowance for Credit_2

Note 9 - Allowance for Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Tables
Accounts Receivable, Allowance for Credit Loss [Table Text Block]	Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Balance at beginning of period $ 7,668 $ 6,968 Adoption of ASU 2016-13 - 1,147 Provision for credit losses 3,513 3,830 Charge-offs (116 ) (279 ) Currency translation 32 (569 ) Balance at end of period $ 11,097 $ 11,097

Note 10 - Product Warranty Ob_2

Note 10 - Product Warranty Obligations (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Balance at beginning of period $ 49,023 $ 43,562 $ 49,316 $ 41,785 Product warranty reserve assumed in acquisition - 195 - 407 Payments (7,881 ) (5,657 ) (15,469 ) (11,291 ) Provision for warranty issued 8,456 8,178 16,742 15,138 Changes in estimates for pre-existing warranties 726 (954 ) (265 ) (715 ) Balance at end of period $ 50,324 $ 45,324 $ 50,324 $ 45,324 Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Balance at beginning of period $ 80,880 $ 70,844 $ 78,738 $ 68,340 Deferred revenue contracts issued 6,225 7,114 12,164 12,914 Amortization of deferred revenue contracts (3,952 ) (3,441 ) (7,749 ) (6,737 ) Balance at end of period $ 83,153 $ 74,517 $ 83,153 $ 74,517
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]	Remainder of 2020 $ 8,205 2021 17,900 2022 17,268 2023 12,279 2024 10,324 After 2024 17,177 Total $ 83,153
Product Warranty Obligations Included In Consolidated Balance Sheet [Table Text Block]	June 30, December 31, 2020 2019 Product warranty liability Current portion - other accrued liabilities $ 28,064 $ 27,885 Long-term portion - other long-term liabilities 22,260 21,431 Total $ 50,324 $ 49,316 Deferred revenue related to extended warranties Current portion - other accrued liabilities $ 19,003 $ 15,519 Long-term portion - other long-term liabilities 64,150 63,219 Total $ 83,153 $ 78,738

Note 12 - Credit Agreements (Ta

Note 12 - Credit Agreements (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Tables
Schedule of Short-term Debt [Table Text Block]	June 30, December 31, 2020 2019 ABL facility $ 7,279 $ 30,961 Other lines of credit 45,064 27,753 Total $ 52,343 $ 58,714
Schedule of Long-term Debt Instruments [Table Text Block]	June 30, December 31, 2020 2019 Term loan $ 830,000 $ 830,000 Original issue discount and deferred financing costs (16,762 ) (18,048 ) Finance lease obligation 27,157 25,962 Other 3,753 2,236 Total 844,148 840,150 Less: current portion of debt 1,010 553 Less: current portion of finance lease obligation 2,022 1,830 Total $ 841,116 $ 837,767

Note 14 - Earnings Per Share (T

Note 14 - Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Numerator Net income attributable to Generac Holdings Inc. $ 66,145 $ 61,958 $ 110,605 $ 106,819 Redeemable noncontrolling interest redemption value adjustment (1,570 ) (756 ) (3,092 ) 1,676 Net income attributable to common shareholders $ 64,575 $ 61,202 $ 107,513 $ 108,495 Denominator Weighted average shares, basic 62,267,083 61,921,711 62,190,438 61,841,823 Dilutive effect of stock compensation awards (1) 1,097,170 484,152 1,173,283 507,207 Diluted shares 63,364,253 62,405,863 63,363,721 62,349,030 Net income attributable to common shareholders per share Basic $ 1.04 $ 0.99 $ 1.73 $ 1.75 Diluted $ 1.02 $ 0.98 $ 1.70 $ 1.74

Note 1 - Description of Busin_2

Note 1 - Description of Business and Basis of Presentation (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jan. 01, 2020	Dec. 31, 2019
Goodwill and Intangible Asset Impairment, Total	$ 0
Retained Earnings (Accumulated Deficit), Ending Balance	$ 1,190,749		$ 1,084,383
Accounting Standards Update 2016-13 [Member]
Retained Earnings (Accumulated Deficit), Ending Balance		$ (1,147)

Note 2 - Acquisitions (Details

Note 2 - Acquisitions (Details Textual) - USD ($) $ in Thousands	Apr. 26, 2019	Mar. 12, 2019	Sep. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Payments to Acquire Businesses, Net of Cash Acquired, Total				$ 0	$ 112,941
Goodwill, Ending Balance				$ 796,169		$ 805,284
Pika [Member]
Payments to Acquire Businesses, Net of Cash Acquired, Total	$ 49,068
Business Acquisition, Purchase Price Allocation, Intangible Assets Including Goodwill	58,196
Goodwill, Ending Balance	$ 19,896
Neurio [Member]
Payments to Acquire Businesses, Net of Cash Acquired, Total		$ 59,071	$ 7,922
Business Acquisition, Purchase Price Allocation, Intangible Assets Including Goodwill		58,762
Goodwill, Ending Balance		$ 17,862

Note 3 - Redeemable Noncontro_3

Note 3 - Redeemable Noncontrolling Interest (Details Textual) - USD ($) $ in Thousands	Feb. 01, 2019	Feb. 28, 2019	Mar. 01, 2016
Pramac [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			35.00%
Captiva Energy Solutions [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	49.00%
Pramac [Member]
Business Acquisition, Percentage of Voting Interests Acquired			65.00%
Redeemable Noncontrolling Interest, Equity, Fair Value, Total			$ 34,253
Noncontrolling Interest Agreement, Extension of Term (Year)		5 years
Captiva Energy Solutions [Member]
Business Acquisition, Percentage of Voting Interests Acquired	51.00%
Redeemable Noncontrolling Interest, Equity, Fair Value, Total	$ 3,165
Business Acquisition, Noncontrolling Interest, Term of Put Option (Year)	5 years
Business Acquisition, Term of Call Option (Year)	5 years

Note 3 - Redeemable Noncontro_4

Note 3 - Redeemable Noncontrolling Interest - Redeemable Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Redemption value adjustment	$ (1,570)	$ (756)	$ (3,092)	$ 1,676
Redeemable Noncontrolling Interest [Member]
Balance at beginning of period	59,904	57,357	61,227	61,004
Net income	(2,052)	(90)	(2,681)	175
Foreign currency translation	1,597	1,094	(619)	(386)
Redemption value adjustment	1,570	756	3,092	(1,676)
Balance at end of period	$ 61,019	$ 59,117	$ 61,019	$ 59,117

Note 4 - Derivative Instrumen_3

Note 4 - Derivative Instruments and Hedging Activities (Details Textual) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2020	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2017	Dec. 31, 2019USD ($)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax		$ (3,596)	$ (7,053)	$ (19,409)	$ (12,177)
Derivative Assets (Liabilities), Net Fair Value of Derivative Contracts, Excluding Impact of Credit Risk		$ (36,294)		$ (36,294)			$ (10,588)
Commodity Contract [Member]
Derivative, Number of Instruments Held, Total		0		0
Interest Rate Swap [Member]
Number of New Contracts Entered	3					20
Derivative, Number of Instruments Outstanding		19		19
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax		$ (3,596)	$ (7,053)	$ (19,409)	$ (12,177)

Note 4 - Derivative Instrumen_4

Note 4 - Derivative Instruments and Hedging Activities - Fair Value of Derivatives (Details) - Fair Value, Inputs, Level 2 [Member] - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Commodity Contract [Member]
Fair Value of Derivatives	$ 842	$ 6
Foreign Exchange Contract [Member]
Fair Value of Derivatives	64	31
Interest Rate Swap [Member]
Fair Value of Derivatives	$ (36,390)	$ (10,425)

Note 5 - Fair Value Measureme_2

Note 5 - Fair Value Measurements (Details Textual) $ in Thousands	Jun. 30, 2020USD ($)
Long-term Debt, Total	$ 814,094
Long-term Debt, Fair Value	$ 813,400

Note 6 - Accumulated Other Co_3

Note 6 - Accumulated Other Comprehensive Loss (Details Textual) - Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Other Comprehensive Income (Loss), before Reclassifications, before Tax	$ (4,811)	$ (9,531)	$ (25,965)	$ (16,455)
Other Comprehensive Income (Loss) before Reclassifications, Tax, Total	$ 1,215	$ 2,478	$ 6,556	$ 4,278

Note 6 - Accumulated Other Co_4

Note 6 - Accumulated Other Comprehensive Loss - Disclosure of Changes in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020		Jun. 30, 2019		Jun. 30, 2020		Jun. 30, 2019
Balance	$ 1,023,687		$ 809,955		$ 1,032,851		$ 761,261
Balance	1,097,275		871,011		1,097,275		871,011
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(49,836)		(19,765)		(16,622)		(18,832)
Other comprehensive income (loss) before reclassifications	5,014		3,092		(28,200)	[1]	2,159
Amounts reclassified from AOCL	0		0		0		0
Net current-period other comprehensive income (loss)	5,014		3,092		(28,200)		2,159
Balance	(44,822)		(16,673)		(44,822)		(16,673)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Balance	0		(10,541)				(10,541)
Other comprehensive income (loss) before reclassifications	0		0		0		0
Amounts reclassified from AOCL	0		0		0		0
Net current-period other comprehensive income (loss)	0		0		0		0
Balance	0		(10,541)		0		(10,541)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance	(24,108)		436		(8,295)		5,560
Other comprehensive income (loss) before reclassifications	(3,596)	[2]	(7,053)	[3]	(19,409)	[4]	(12,177)	[5]
Amounts reclassified from AOCL	0		0		0		0
Net current-period other comprehensive income (loss)	(3,596)		(7,053)		(19,409)		(12,177)
Balance	(27,704)		(6,617)		(27,704)		(6,617)
AOCI Attributable to Parent [Member]
Balance	(73,944)		(29,870)		(24,917)		(23,813)
Other comprehensive income (loss) before reclassifications	1,418		(3,961)		(47,609)		(10,018)
Amounts reclassified from AOCL	0		0		0		0
Net current-period other comprehensive income (loss)	1,418		(3,961)		(47,609)		(10,018)
Balance	$ (72,526)		$ (33,831)		$ (72,526)		$ (33,831)
[1]	Represents the unfavorable impact from the strengthening of the U.S. dollar against foreign currencies during the six months ended June 30, 2020, particularly the Mexican Peso, Euro, Brazilian Real, and Russian Ruble.
[2]	Represents unrealized losses of $(4,811), net of tax effect of $1,215 for the three months ended June 30, 2020.
[3]	Represents unrealized losses of $(9,531), net of tax effect of $2,478 for the three months ended June 30, 2019.
[4]	Represents unrealized losses of $(25,965), net of tax effect of $6,556 for the six months ended June, 30, 2020.
[5]	Represents unrealized losses of $(16,455), net of tax effect of $4,278 for the six months ended June 30, 2019.

Note 7 - Segment Reporting (Det

Note 7 - Segment Reporting (Details Textual) $ in Thousands		3 Months Ended		6 Months Ended		12 Months Ended
		Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2019
Number of Reportable Segments				2
Business Optimization Expense	[1]	$ 11,460	$ 73	$ 11,972	$ 242
Revenue from Contract with Customer, Excluding Assessed Tax, Total		546,848	541,916	1,022,763	1,012,269
Adjusted EBITDA		$ 123,140	$ 111,886	$ 209,164	$ 199,014
Geographic Concentration Risk [Member] | Revenue Benchmark [Member] | UNITED STATES
Concentration Risk, Percentage		83.00%	74.00%	80.00%	73.00%
Geographic Concentration Risk [Member] | Net Assets, Geographic Area [Member] | UNITED STATES
Concentration Risk, Percentage				82.00%		80.00%
Amounts Adjusted from the Domestic Segment to the International Segment [Member]
Revenue from Contract with Customer, Excluding Assessed Tax, Total			$ 4,406		$ 7,156
Adjusted EBITDA			$ 845		$ 592
COVID-19 [Member] | Cost of Sales [Member]
Business Optimization Expense		$ 6,318		$ 6,419
COVID-19 [Member] | Operating Expense [Member]
Business Optimization Expense		$ 5,142		$ 5,553
[1]	For the three and six months ended June 30, 2020, represents severance, non-cash asset write-downs, and other charges to address the impact of the COVID-19 pandemic and decline in oil prices, consisting of $6,318 and $6,419 classified within costs of goods sold and $5,142 and $5,553 classified within operating expenses, respectively. For the three and six months ended June 30, 2019, represents severance and other charges related to the consolidation of certain of our facilities.

Note 7 - Segment Reporting - Ne

Note 7 - Segment Reporting - Net Sales by Products and Services (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Net sales	$ 546,848	$ 541,916	$ 1,022,763	$ 1,012,269
Domestic [Member]
Net sales	460,774	421,532	836,804	778,030
International [Member]
Net sales	86,074	120,384	185,959	234,239
Residential Power Products [Member]
Net sales	341,352	268,374	598,971	486,204
Residential Power Products [Member] | Domestic [Member]
Net sales	327,857	252,340	571,686	456,599
Residential Power Products [Member] | International [Member]
Net sales	13,495	16,034	27,285	29,605
Commercial and Industrial Power Products [Member]
Net sales	154,890	230,428	326,957	439,552
Commercial and Industrial Power Products [Member] | Domestic [Member]
Net sales	90,339	137,197	186,167	258,022
Commercial and Industrial Power Products [Member] | International [Member]
Net sales	64,551	93,231	140,790	181,530
Other Products and Services [Member]
Net sales	50,606	43,114	96,835	86,513
Other Products and Services [Member] | Domestic [Member]
Net sales	42,578	31,995	78,951	63,409
Other Products and Services [Member] | International [Member]
Net sales	$ 8,028	$ 11,119	$ 17,884	$ 23,104

Note 7 - Segment Reporting - Se

Note 7 - Segment Reporting - Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Adjusted EBITDA		$ 123,140	$ 111,886	$ 209,164	$ 199,014
Interest expense		(7,932)	(10,452)	(16,985)	(20,724)
Depreciation and amortization		(16,803)	(14,740)	(32,919)	(27,347)
Non-cash write-down and other adjustments (1)	[1]	893	(1,726)	(1,391)	(326)
Non-cash share-based compensation expense (2)	[2]	(5,400)	(4,334)	(9,974)	(7,928)
Transaction costs and credit facility fees (3)	[3]	(358)	(413)	(592)	(1,699)
Business optimization and other charges (4)	[4]	(11,460)	(73)	(11,972)	(242)
Other		(15)	385	(411)	539
Income before provision for income taxes		82,065	80,533	134,920	141,287
Domestic [Member]
Adjusted EBITDA		121,256	103,686	204,030	184,914
International [Member]
Adjusted EBITDA		$ 1,884	$ 8,200	$ 5,134	$ 14,100
[1]	Includes certain foreign currency and purchase accounting related adjustments, gains/losses on disposal of assets, and unrealized mark-to-market adjustments on commodity contracts.
[2]	Represents share-based compensation expense to account for stock options, restricted stock and other stock awards over their respective vesting periods.
[3]	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.
[4]	For the three and six months ended June 30, 2020, represents severance, non-cash asset write-downs, and other charges to address the impact of the COVID-19 pandemic and decline in oil prices, consisting of $6,318 and $6,419 classified within costs of goods sold and $5,142 and $5,553 classified within operating expenses, respectively. For the three and six months ended June 30, 2019, represents severance and other charges related to the consolidation of certain of our facilities.

Note 8 - Balance Sheet Detail_2

Note 8 - Balance Sheet Details (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Capital Leases, Balance Sheet, Assets by Major Class, Net, Total	$ 27,179	$ 26,063

Note 8 - Balance Sheet Detail_3

Note 8 - Balance Sheet Details - Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Raw materials	$ 319,649	$ 328,021
Work-in-process	5,935	10,387
Finished goods	218,788	183,616
Total	$ 544,372	$ 522,024

Note 8 - Balance Sheet Detail_4

Note 8 - Balance Sheet Details - Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Property and equipment, gross	$ 494,404	$ 478,156
Accumulated depreciation	(176,582)	(161,180)
Total	317,822	316,976
Land and Land Improvements [Member]
Property and equipment, gross	17,126	18,252
Building and Building Improvements [Member]
Property and equipment, gross	180,734	177,079
Machinery and Equipment [Member]
Property and equipment, gross	134,474	117,114
Dies and Tools [Member]
Property and equipment, gross	23,005	22,040
Vehicles [Member]
Property and equipment, gross	4,005	3,955
Office Equipment [Member]
Property and equipment, gross	100,801	99,124
Leasehold Improvements [Member]
Property and equipment, gross	4,456	4,293
Construction in Progress [Member]
Property and equipment, gross	$ 29,803	$ 36,299

Note 9 - Allowance for Credit_3

Note 9 - Allowance for Credit Losses (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019
Accounts Receivable, before Allowance for Credit Loss	$ 334,034
Accounts Receivable, Allowance for Credit Loss, Ending Balance	$ 11,097	$ 7,668	$ 6,968

Note 9 - Allowance for Credit_4

Note 9 - Allowance for Credit Losses - Summary of Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Balance at beginning of period	$ 7,668	$ 6,968
Adoption of ASU 2016-13	0	1,147
Provision for credit losses	3,513	3,830
Charge-offs	(116)	(279)
Currency translation	32	(569)
Balance at end of period	$ 11,097	$ 11,097

Note 10 - Product Warranty Ob_3

Note 10 - Product Warranty Obligations 1 (Details Textual)	6 Months Ended
	Jun. 30, 2020
Minimum [Member]
Extended Warranty Term (Year)	5 years
Maximum [Member]
Extended Warranty Term (Year)	10 years

Note 10 - Product Warranty Ob_4

Note 10 - Product Warranty Obligations 2 (Details Textual)	Jun. 30, 2020
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	1 year

Note 10 - Product Warranty Ob_5

Note 10 - Product Warranty Obligations - Reconciliation of Product Warranty Liability (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Balance at beginning of period	$ 49,023	$ 43,562	$ 49,316	$ 41,785
Product warranty reserve assumed in acquisition	0	195	0	407
Payments	(7,881)	(5,657)	(15,469)	(11,291)
Provision for warranty issued	8,456	8,178	16,742	15,138
Changes in estimates for pre-existing warranties	726	(954)	(265)	(715)
Balance at end of period	50,324	45,324	50,324	45,324
Balance at beginning of period	80,880	70,844	78,738	68,340
Deferred revenue contracts issued	6,225	7,114	12,164	12,914
Amortization of deferred revenue contracts	(3,952)	(3,441)	(7,749)	(6,737)
Balance at end of period	$ 83,153	$ 74,517	$ 83,153	$ 74,517

Note 10 - Product Warranty Ob_6

Note 10 - Product Warranty Obligations - Recognition of Deferred Revenue Related to Extended Warranties (Details) $ in Thousands	Jun. 30, 2020USD ($)
Revenue performance obligation	$ 83,153

Note 10 - Product Warranty Ob_7

Note 10 - Product Warranty Obligations - Recognition of Deferred Revenue Related to Extended Warranties 2 (Details) $ in Thousands	Jun. 30, 2020USD ($)
Revenue performance obligation	$ 83,153
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01
Revenue performance obligation	8,205
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue performance obligation	17,900
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue performance obligation	17,268
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue performance obligation	12,279
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue performance obligation	10,324
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue performance obligation	$ 17,177

Note 10 - Product Warranty Ob_8

Note 10 - Product Warranty Obligations - Deferred Product Obligations (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018
Current portion - other accrued liabilities	$ 28,064		$ 27,885
Long-term portion - other long-term liabilities	22,260		21,431
Total	50,324	$ 49,023	49,316	$ 45,324	$ 43,562	$ 41,785
Current portion - other accrued liabilities	19,003		15,519
Long-term portion - other long-term liabilities	64,150		63,219
Total	$ 83,153	$ 80,880	$ 78,738	$ 74,517	$ 70,844	$ 68,340

Note 11 - Contract Balances (De

Note 11 - Contract Balances (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Jun. 30, 2020
Contract with Customer, Liability, Current	$ 9,952	$ 6,205
Contract with Customer, Liability, Revenue Recognized	$ 6,748

Note 12 - Credit Agreements (De

Note 12 - Credit Agreements (Details Textual) - USD ($) $ in Thousands	May 31, 2013	May 31, 2015	Dec. 31, 2019	Jun. 30, 2020
Short-term Debt, Total			$ 58,714	$ 52,343
ABL Revolving Credit Facility [Member]
Long-term Line of Credit, Total				7,279
Line of Credit Facility, Remaining Borrowing Capacity				$ 292,281
Base Rate [Member] | ABL Revolving Credit Facility [Member]
Debt Instrument, Basis Spread on Variable Rate		1.00%		0.125%
Adjusted LIBOR Rate [Member] | ABL Revolving Credit Facility [Member]
Debt Instrument, Basis Spread on Variable Rate		2.00%
London Interbank Offered Rate (LIBOR) [Member] | ABL Revolving Credit Facility [Member]
Debt Instrument, Basis Spread on Variable Rate				1.125%
Term Loan [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 1,200,000
Uncommitted Incremental Term Loan Facility	$ 300,000
Debt Issuance Costs, Net, Total			1,247
Debt Instrument, Fee Amount			432
Repayments of Long-term Debt, Total			49,000
Gain (Loss) on Extinguishment of Debt, Total			$ (926)
Secured Leverage Ratio				1.41
Term Loan [Member] | Maximum [Member]
Threshold for Secured Leverage Ratio Excess Cash Flow Payment Requirement				3.75
Term Loan [Member] | Base Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1.75%			0.75%
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] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate				1.75%

Note 12 - Credit Agreements - S

Note 12 - Credit Agreements - Short-term Borrowings (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Short-term borrowings	$ 52,343	$ 58,714
ABL Revolving Credit Facility [Member]
Short-term borrowings	7,279	30,961
Other Lines of Credit [Member]
Short-term borrowings	$ 45,064	$ 27,753

Note 12 - Credit Agreements - L

Note 12 - Credit Agreements - Long-term Borrowings (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Term loan	$ 830,000	$ 830,000
Original issue discount and deferred financing costs	(16,762)	(18,048)
Finance lease obligation	27,157	25,962
Other	3,753	2,236
Total	844,148	840,150
Less: current portion of debt	1,010	553
Less: current portion of finance lease obligation	2,022	1,830
Total	$ 841,116	$ 837,767

Note 13 - Stock Repurchase Pr_2

Note 13 - Stock Repurchase Program (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended	6 Months Ended	59 Months Ended
	Sep. 30, 2018	Jun. 30, 2020	Jun. 30, 2020	Jun. 30, 2020	Oct. 31, 2016	Aug. 31, 2015
Stock Repurchase Program, Authorized Amount	$ 250,000				$ 250,000	$ 200,000
Stock Repurchase Program, Period in Force (Month)	24 months
Payments for Repurchase of Common Stock				$ 305,547
Treasury Stock Acquired, Average Cost Per Share (in dollars per share)				$ 35.21
Treasury Stock [Member]
Shares Acquired Under Stock Repurchases Program, Shares (in shares)		0	0	8,676,706

Note 14 - Earnings Per Share (D

Note 14 - Earnings Per Share (Details Textual) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	49,000	41,000	15,000	76,000

Note 14 - Earnings Per Share -

Note 14 - Earnings Per Share - Reconciliation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Net income attributable to Generac Holdings Inc.		$ 66,145	$ 61,958	$ 110,605	$ 106,819
Redeemable noncontrolling interest redemption value adjustment		(1,570)	(756)	(3,092)	1,676
Net income attributable to common shareholders		$ 64,575	$ 61,202	$ 107,513	$ 108,495
Weighted average shares, basic (in shares)		62,267,083	61,921,711	62,190,438	61,841,823
Dilutive effect of stock compensation awards (1) (in shares)	[1]	1,097,170	484,152	1,173,283	507,207
Diluted shares (in shares)		63,364,253	62,405,863	63,363,721	62,349,030
Basic (in dollars per share)		$ 1.04	$ 0.99	$ 1.73	$ 1.75
Diluted (in dollars per share)		$ 1.02	$ 0.98	$ 1.70	$ 1.74
[1]	Excludes approximately 49,000 and 41,000 stock options for the three months ended June 30, 2020 and 2019, respectively, as the impact of such awards was anti-dilutive. Excludes approximately 15,000 and 76,000 stock options for the six months ended June 30, 2020 and 2019, respectively, as the impact of such awards was anti-dilutive.

Note 15 - Income Taxes (Details

Note 15 - Income Taxes (Details Textual)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Effective Income Tax Rate Reconciliation, Percent, Total	20.70%	23.90%

Note 16 - Commitments and Con_2

Note 16 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Amount Financed by Dealers	$ 54.6	$ 49.6