Generac (GNRC) 10-Q 3 Nov 20 2020 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Oct. 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	Q3
Document Fiscal Year Focus	2020
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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		62,841,107

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 513,944	$ 322,883
Accounts receivable, less allowance for credit losses	398,240	319,538
Inventories	532,952	522,024
Prepaid expenses and other assets	35,200	31,384
Total current assets	1,480,336	1,195,829
Property and equipment, net	321,360	316,976
Customer lists, net	47,702	55,552
Patents and technology, net	73,260	85,546
Other intangible assets, net	9,216	8,259
Tradenames, net	145,977	148,377
Goodwill	815,624	805,284
Deferred income taxes	3,596	2,933
Operating lease and other assets	77,004	46,913
Total assets	2,974,075	2,665,669
Current liabilities:
Short-term borrowings	44,800	58,714
Accounts payable	272,745	261,977
Accrued wages and employee benefits	52,915	41,361
Other accrued liabilities	182,377	132,629
Current portion of long-term borrowings and finance lease obligations	3,421	2,383
Total current liabilities	556,258	497,064
Long-term borrowings and finance lease obligations	841,341	837,767
Deferred income taxes	105,520	96,328
Operating lease and other long-term liabilities	177,515	140,432
Total liabilities	1,680,634	1,571,591
Redeemable noncontrolling interests	63,545	61,227
Stockholders’ equity:
Common stock, par value $0.01, 500,000,000 shares authorized, 72,011,902 and 71,667,726 shares issued at September 30, 2020 and December 31, 2019, respectively	720	717
Additional paid-in capital	518,610	498,866
Treasury stock, at cost	(331,513)	(324,551)
Excess purchase price over predecessor basis	(202,116)	(202,116)
Retained earnings	1,306,530	1,084,383
Accumulated other comprehensive loss	(62,039)	(24,917)
Stockholders’ equity attributable to Generac Holdings Inc.	1,230,192	1,032,382
Noncontrolling interests	(296)	469
Total stockholders' equity	1,229,896	1,032,851
Total liabilities and stockholders’ equity	$ 2,974,075	$ 2,665,669

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Sep. 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)	72,011,902	71,667,726

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Net sales	$ 701,355	$ 601,135	$ 1,724,118	$ 1,613,404
Costs of goods sold	425,206	383,618	1,066,666	1,037,874
Gross profit	276,149	217,517	657,452	575,530
Operating expenses:
Selling and service	60,901	59,356	178,566	158,954
Research and development	20,658	17,603	58,762	48,906
General and administrative	31,061	27,596	88,732	80,016
Amortization of intangibles	7,892	7,406	23,340	19,999
Total operating expenses	120,512	111,961	349,400	307,875
Income from operations	155,637	105,556	308,052	267,655
Other (expense) income:
Interest expense	(8,096)	(10,704)	(25,081)	(31,428)
Investment income	301	523	1,921	1,889
Other, net	(557)	(414)	(2,687)	(1,868)
Total other expense, net	(8,352)	(10,595)	(25,847)	(31,407)
Income before provision for income taxes	147,285	94,961	282,205	236,248
Provision for income taxes	32,050	20,064	59,967	53,876
Net income	115,235	74,897	222,238	182,372
Net income (loss) attributable to noncontrolling interests	265	(677)	(3,337)	(21)
Net income attributable to Generac Holdings Inc.	$ 114,970	$ 75,574	$ 225,575	$ 182,393
Net income attributable to Generac Holdings Inc. per common share - basic: (in dollars per share)	$ 1.86	$ 1.20	$ 3.59	$ 2.95
Weighted average common shares outstanding - basic: (in shares)	62,353,473	61,973,447	62,244,872	61,878,500
Net income attributable to Generac Holdings Inc. per common share - diluted: (in dollars per share)	$ 1.82	$ 1.18	$ 3.51	$ 2.92
Weighted average common shares outstanding - diluted: (in shares)	63,761,380	62,770,592	63,546,132	62,519,205
Comprehensive income attributable to Generac Holdings Inc.	$ 123,887	$ 64,904	$ 187,548	$ 161,828

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	(14,898)	(14,898)	0	(14,898)
Foreign currency translation adjustment				$ 0	0	$ 0	0	0	(7,652)	(7,652)	27	(7,625)
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price (in shares)				454,374		0
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price				$ 4	5,078	$ 0	0	0	0	5,082	0	5,082
Net share settlement of restricted stock awards (in shares)				0		(53,862)
Net share settlement of restricted stock awards				$ 0	0	$ (2,878)	0	0	0	(2,878)	0	(2,878)
Share-based compensation				0	11,477	0	0	0	0	11,477	0	11,477
Redemption value adjustment				0	0	0	0	191	0	191	0	191
Net income attributable to Generac Holdings Inc.				0	0	0	0	182,393	0	182,393		182,393
Net income											372
Net income												182,765
Acquisition of business				0	0	0	0	0	0	0	4,125	4,125
Cash dividends paid to noncontrolling interest of subsidiary				$ 0	0	$ 0	0	0	0	0	(285)	(285)
Balance (in shares) at Sep. 30, 2019				71,640,792		(9,100,922)
Balance at Sep. 30, 2019				$ 716	492,671	$ (324,351)	(202,116)	1,013,707	(46,363)	934,264	4,951	939,215
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
Unrealized gain (loss) on interest rate swaps, net of tax				0	0	0	0	0	(2,721)	(2,721)	0	(2,721)
Foreign currency translation adjustment				$ 0	0	$ 0	0	0	(9,811)	(9,811)	(11)	(9,822)
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price (in shares)				169,451		0
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price				$ 1	3,419	$ 0	0	0	0	3,420	0	3,420
Net share settlement of restricted stock awards (in shares)				0		(2,628)
Net share settlement of restricted stock awards				$ 0	0	$ (202)	0	0	0	(202)	0	(202)
Share-based compensation				0	3,549	0	0	0	0	3,549	0	3,549
Redemption value adjustment				0	0	0	0	(1,485)	0	(1,485)	0	(1,485)
Net income attributable to Generac Holdings Inc.				$ 0	0	$ 0	0	75,574	0	75,574		75,574
Net income											(109)
Net income												75,465
Balance (in shares) at Sep. 30, 2019				71,640,792		(9,100,922)
Balance at Sep. 30, 2019				$ 716	492,671	$ (324,351)	(202,116)	1,013,707	(46,363)	934,264	4,951	939,215
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	(18,406)	(18,406)	0	(18,406)
Foreign currency translation adjustment				$ 0	0	$ 0	0	0	(18,716)	(18,716)	(27)	(18,743)
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price (in shares)				344,176		0
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price				$ 3	5,417	$ 0	0	0	0	5,420	0	5,420
Net share settlement of restricted stock awards (in shares)				0		(67,721)
Net share settlement of restricted stock awards				$ 0	0	$ (6,962)	0	0	0	(6,962)	0	(6,962)
Share-based compensation				0	14,327	0	0	0	0	14,327	0	14,327
Redemption value adjustment				0	0	0	0	(2,281)	0	(2,281)	0	(2,281)
Net income attributable to Generac Holdings Inc.				$ 0	0	$ 0	0	225,575	0	225,575		225,575
Net income											(738)
Net income												224,837
Balance (in shares) at Sep. 30, 2020				72,011,902		(9,170,734)
Balance at Sep. 30, 2020				$ 720	518,610	$ (331,513)	(202,116)	1,306,530	(62,039)	1,230,192	(296)	1,229,896
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
Unrealized gain (loss) on interest rate swaps, net of tax				0	0	0	0	0	1,003	1,003	0	1,003
Foreign currency translation adjustment				$ 0	0	$ 0	0	0	9,484	9,484	(25)	9,459
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price (in shares)				51,835		0
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price				$ 0	1,939	$ 0	0	0	0	1,939	0	1,939
Net share settlement of restricted stock awards (in shares)				0		(572)
Net share settlement of restricted stock awards				$ 0	0	$ (98)	0	0	0	(98)	0	(98)
Share-based compensation				0	4,353	0	0	0	0	4,353	0	4,353
Redemption value adjustment				0	0	0	0	811	0	811	0	811
Net income attributable to Generac Holdings Inc.				$ 0	0	$ 0	0	114,970	0	114,970		114,970
Net income											184
Net income												115,154
Balance (in shares) at Sep. 30, 2020				72,011,902		(9,170,734)
Balance at Sep. 30, 2020				$ 720	$ 518,610	$ (331,513)	$ (202,116)	$ 1,306,530	$ (62,039)	$ 1,230,192	$ (296)	$ 1,229,896

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) - AOCI Attributable to Parent [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Unrealized gain (loss) on interest rate swaps, tax	$ 339	$ (956)	$ (6,217)	$ (5,234)
Unrealized gain (loss) on interest rate swaps, tax	$ (339)	$ 956	$ 6,217	$ 5,234

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019
Operating activities
Net income		$ 222,238	$ 182,372
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation		26,747	22,842
Amortization of intangible assets		23,340	19,999
Amortization of original issue discount and deferred financing costs		1,940	3,597
Deferred income taxes		15,433	19,514
Share-based compensation expense	[1]	14,327	11,477
Other non-cash charges		6,414	557
Net changes in operating assets and liabilities, net of acquisitions:
Accounts receivable		(85,474)	(45,543)
Inventories		(14,604)	27,190
Other assets		2,543	1,488
Accounts payable		11,624	(83,174)
Accrued wages and employee benefits		11,793	(7,517)
Other accrued liabilities		38,211	(17,092)
Excess tax benefits from equity awards		(6,222)	(1,908)
Net cash provided by operating activities		268,310	133,802
Investing activities
Proceeds from sale of property and equipment		26	83
Proceeds from beneficial interests in securitization transactions		1,998	2,036
Expenditures for property and equipment		(33,940)	(45,447)
Acquisition of business, net of cash acquired		(22,815)	(120,863)
Net cash used in investing activities		(54,731)	(164,191)
Financing activities
Proceeds from short-term borrowings		198,087	68,802
Proceeds from long-term borrowings		297	0
Repayments of short-term borrowings		(210,854)	(45,437)
Repayments of long-term borrowings and finance lease obligations		(3,584)	(3,110)
Payment of contingent acquisition consideration		(4,000)	0
Cash dividends paid to noncontrolling interest of subsidiary		0	(285)
Taxes paid related to equity awards		(13,533)	(5,749)
Proceeds from exercise of stock options		11,991	7,957
Net cash (used in) provided by financing activities		(21,596)	22,178
Effect of exchange rate changes on cash and cash equivalents		(922)	(233)
Net increase (decrease) in cash and cash equivalents		191,061	(8,444)
Cash and cash equivalents at beginning of period		322,883	224,482
Cash and cash equivalents at end of period		$ 513,944	$ 216,038
[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	9 Months Ended
	Sep. 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 ● In July 2020, ● In September 2020, 2009 zero 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 September 30, 2020 three nine September 30, 2020 2019 three nine September 30, 2020 2019 nine September 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 three September 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	9 Months Ended
	Sep. 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 not not Acquisition of Neurio On March 12, 2019, third 2019. The Company finalized the Neurio purchase price allocation during the first 2020 not not Other Acquisitions In February 2019, In July 2020, In September 2020, The combined purchase price for these acquisitions was $24,070 and was funded solely through cash on hand. The accompanying condensed consolidated financial statements include the results of the acquired businesses since the dates of acquisition. Pro forma financial information and allocation of the purchase price are not not

Note 3 - Redeemable Noncontroll

Note 3 - Redeemable Noncontrolling Interest	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Balance at beginning of period $ 61,019 $ 59,117 $ 61,227 $ 61,004 Net income (loss) 80 (563 ) (2,601 ) (388 ) Foreign currency translation 3,257 (3,475 ) 2,638 (3,861 ) Redemption value adjustment (811 ) 1,485 2,281 (191 ) Balance at end of period $ 63,545 $ 56,564 $ 63,545 $ 56,564

Note 4 - Derivative Instruments

Note 4 - Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 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 twelve September 30, 2020 December 2019, March 2020, three September 30, 2020 three nine September 30, 2020 three nine September 30, 2019 Fair Value The following table presents the fair value of all of the Company’s derivatives: September 30, 2020 December 31, 201 9 Commodity contracts $ 1,522 $ 6 Foreign currency contracts (3 ) 31 Interest rate swaps (35,049 ) (10,425 ) The fair value of the commodity contracts is included in prepaid expenses and other current assets, and the fair values of the foreign currency contracts and interest rate swaps are included in other accrued liabilities and other long-term liabilities in the condensed consolidated balance sheets as of September 30, 2020 December 31, 2019. September 30, 2020 December 31, 2019

Note 5 - Fair Value Measurement

Note 5 - Fair Value Measurements	9 Months Ended
	Sep. 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 $814,675, was approximately $828,963 (Level 2 September 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	9 Months Ended
	Sep. 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 nine September 30, 2020 2019 Foreign Currency Translation Adjustments Defined Benefit Pension Plan Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – July, 1 2020 $ (44,822 ) $ - $ (27,704 ) $ (72,526 ) Other comprehensive income (loss) before reclassifications 9,484 - 1,003 (1) 10,487 Amounts reclassified from AOCL - - - - Net current-period other comprehensive income (loss) 9,484 - 1,003 10,487 Ending Balance – September 30, 2020 $ (35,338 ) $ - $ (26,701 ) $ (62,039 ) Foreign Currency Translation Adjustments Defined Benefit Pension Plan Unrealized Loss on Cash Flow Hedges Total Beginning Balance – July, 1 2019 $ (16,673 ) $ (10,541 ) $ (6,617 ) $ (33,831 ) Other comprehensive income (loss) before reclassifications (9,811 ) - (2,721 ) (2) (12,532 ) Amounts reclassified from AOCL - - - - Net current-period other comprehensive income (loss) (9,811 ) - (2,721 ) (12,532 ) Ending Balance – September 30, 2019 $ (26,484 ) $ (10,541 ) $ (9,338 ) $ (46,363 ) 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 income (loss) before reclassifications (18,716 ) (3) - (18,406 ) (4) (37,122 ) Amounts reclassified from AOCL - - - - Net current-period other comprehensive loss (18,716 ) - (18,406 ) (37,122 ) Ending Balance – September 30, 2020 $ (35,338 ) $ - $ (26,701 ) $ (62,039 ) 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 (7,652 ) - (14,898 ) (5) (22,550 ) Amounts reclassified from AOCL - - - - Net current-period other comprehensive income (loss) (7,652 ) - (14,898 ) (22,550 ) Ending Balance – September 30, 2019 $ (26,484 ) $ (10,541 ) $ (9,338 ) $ (46,363 ) ( 1 Represents unrealized gains of $1,342, net of tax effect of $(339) for the three September 30, 2020 ( 2 Represents unrealized losses of $(3,677), net of tax effect of $956 for the three September 30, 2019 ( 3 Represents the unfavorable impact from the strengthening of the U.S. dollar against foreign currencies during the nine September 30, 2020 ( 4 Represents unrealized losses of $(24,623), net of tax effect of $6,217 for the nine September 30, 2020 ( 5 Represents unrealized losses of $(20,132), net of tax effect of $5,234 for the nine September 30, 2019

Note 7 - Segment Reporting

Note 7 - Segment Reporting	9 Months Ended
	Sep. 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 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 September 30, 2020 Product Classes Domestic International Total Residential products $ 441,532 $ 17,345 $ 458,877 Commercial & industrial products 108,774 67,426 176,200 Other 56,569 9,709 66,278 Total net sales $ 606,875 $ 94,480 $ 701,355 Three Months Ended September 30, 2019 Product Classes Domestic International Total Residential products $ 322,134 $ 12,895 $ 335,029 Commercial & industrial products 132,491 82,414 214,905 Other 40,185 11,016 51,201 Total net sales $ 494,810 $ 106,325 $ 601,135 Net Sales by Segment Nine Months Ended September 30, 2020 Product Classes Domestic International Total Residential products $ 1,013,219 $ 44,629 $ 1,057,848 Commercial & industrial products 294,940 208,216 503,156 Other 135,521 27,593 163,114 Total net sales $ 1,443,680 $ 280,438 $ 1,724,118 Nine Months Ended September 30, 2019 Product Classes Domestic International Total Residential products $ 778,733 $ 42,500 $ 821,233 Commercial & industrial products 390,514 263,944 654,458 Other 103,593 34,120 137,713 Total net sales $ 1,272,840 $ 340,564 $ 1,613,404 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Domestic $ 171,359 $ 120,833 $ 374,065 $ 305,747 International 7,419 5,120 13,877 19,220 Total adjusted EBITDA $ 178,778 $ 125,953 $ 387,942 $ 324,967 Interest expense (8,096 ) (10,704 ) (25,081 ) (31,428 ) Depreciation and amortization (17,168 ) (15,494 ) (50,087 ) (42,841 ) Non-cash write-down and other adjustments (1) (477 ) (347 ) (1,868 ) (673 ) Non-cash share-based compensation expense (2) (4,353 ) (3,549 ) (14,327 ) (11,477 ) Transaction costs and credit facility fees (3) (568 ) (358 ) (1,160 ) (2,047 ) Business optimization and other charges (4) (531 ) (567 ) (12,503 ) (809 ) Other (300 ) 27 (711 ) 556 Income before provision for income taxes $ 147,285 $ 94,961 $ 282,205 $ 236,248 ( 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 nine September 30, 2020, 19 three nine September 30, 2019 In the fourth 2019, 2018. not three nine September 30, 2019 The Company’s sales in the U.S. represented approximately 84% and 78% of total sales for the three September 30, 2020 2019 nine September 30, 2020 2019 September 30, 2020 December 31, 2019

Note 8 - Balance Sheet Details

Note 8 - Balance Sheet Details	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Supplemental Balance Sheet Disclosures [Text Block]	8 . Balance Sheet Details Inventories consist of the following: September 30, December 31, 2020 2019 Raw materials $ 340,275 $ 328,021 Work-in-process 8,817 10,387 Finished goods 183,860 183,616 Total $ 532,952 $ 522,024 Property and equipment consists of the following: September 30, December 31, 2020 2019 Land and improvements $ 17,464 $ 18,252 Buildings and improvements 194,994 177,079 Machinery and equipment 147,590 117,114 Dies and tools 23,677 22,040 Vehicles 5,258 3,955 Office equipment and systems 104,363 99,124 Leasehold improvements 4,914 4,293 Construction in progress 11,913 36,299 Gross property and equipment 510,173 478,156 Accumulated depreciation (188,813 ) (161,180 ) Total $ 321,360 $ 316,976 Total property and equipment included finance leases of $26,976 and $26,063 at September 30, 2020 December 31, 2019

Note 9 - Allowance for Credit L

Note 9 - Allowance for Credit Losses	9 Months Ended
	Sep. 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 market 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 September 30, 2020 The following is a tabular reconciliation of the Company’s allowance for credit losses: Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 Balance at beginning of period $ 11,097 $ 6,968 Adoption of ASU 2016-13 - 1,147 Provision for credit losses 152 3,982 Charge-offs (336 ) (615 ) Currency translation 270 (299 ) Balance at end of period $ 11,183 $ 11,183

Note 10 - Product Warranty Obli

Note 10 - Product Warranty Obligations	9 Months Ended
	Sep. 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 of the product 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Balance at beginning of period $ 50,324 $ 45,324 $ 49,316 $ 41,785 Product warranty reserve assumed in acquisition 124 - 124 407 Payments (8,667 ) (7,576 ) (24,136 ) (18,867 ) Provision for warranty issued 10,949 8,518 27,691 23,656 Changes in estimates for pre-existing warranties (575 ) 230 (840 ) (485 ) Balance at end of period $ 52,155 $ 46,496 $ 52,155 $ 46,496 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Balance at beginning of period $ 83,153 $ 74,517 $ 78,738 $ 68,340 Deferred revenue contracts issued 6,802 5,918 18,966 18,832 Amortization of deferred revenue contracts (4,241 ) (3,573 ) (11,990 ) (10,310 ) Balance at end of period $ 85,714 $ 76,862 $ 85,714 $ 76,862 The timing of recognition of the Company’s deferred revenue balance related to extended warranties at September 30, 2020 Remainder of 2020 $ 4,382 2021 19,630 2022 18,567 2023 14,058 2024 9,801 After 2024 19,276 Total $ 85,714 Standard product warranty obligations and extended warranty related deferred revenues are included in the condensed consolidated balance sheets as follows: September 30, December 31, 2020 2019 Product warranty liability Current portion - other accrued liabilities $ 29,962 $ 27,885 Long-term portion - other long-term liabilities 22,193 21,431 Total $ 52,155 $ 49,316 Deferred revenue related to extended warranties Current portion - other accrued liabilities $ 21,846 $ 15,519 Long-term portion - other long-term liabilities 63,868 63,219 Total $ 85,714 $ 78,738

Note 11 - Contract Balances

Note 11 - Contract Balances	9 Months Ended
	Sep. 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 $17,637 and $9,952 at September 30, 2020 December 31, 2019 nine September 30, 2020 December 31, 2019 one

Note 12 - Credit Agreements

Note 12 - Credit Agreements	9 Months Ended
	Sep. 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: September 30, December 31, 2020 2019 ABL Facility $ 5,269 $ 30,961 Other lines of credit 39,531 27,753 Total $ 44,800 $ 58,714 Long-term borrowings are included in the condensed consolidated balance sheets as follows: September 30, December 31, 2020 2019 Term Loan $ 830,000 $ 830,000 Original issue discount and deferred financing costs (16,107 ) (18,048 ) Finance lease obligation 27,021 25,962 Other 3,848 2,236 Total 844,762 840,150 Less: current portion of debt 1,313 553 Less: current portion of finance lease obligation 2,108 1,830 Total $ 841,341 $ 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 September 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 September 30, 2020 As of September 30, 2020 December 31, 2019

Note 13 - Stock Repurchase Prog

Note 13 - Stock Repurchase Program	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Treasury Stock [Text Block]	13 . Stock Repurchase Program In September 2018, fourth 2020. September 2020, may may may may three nine September 30, 2020 August 2015,

Note 14 - Earnings Per Share

Note 14 - Earnings Per Share	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Numerator Net income attributable to Generac Holdings Inc. $ 114,970 $ 75,574 $ 225,575 $ 182,393 Redeemable noncontrolling interest redemption value adjustment 811 (1,485 ) (2,281 ) 191 Net income attributable to common shareholders $ 115,781 $ 74,089 $ 223,294 $ 182,584 Denominator Weighted average shares, basic 62,353,473 61,973,447 62,244,872 61,878,500 Dilutive effect of stock compensation awards (1) 1,407,907 797,145 1,301,260 640,705 Diluted shares 63,761,380 62,770,592 63,546,132 62,519,205 Net income attributable to common shareholders per share Basic $ 1.86 $ 1.20 $ 3.59 $ 2.95 Diluted $ 1.82 $ 1.18 $ 3.51 $ 2.92 ( 1 three nine September 30, 2020 September 30, 2019.

Note 15 - Income Taxes

Note 15 - Income Taxes	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Income Tax Disclosure [Text Block]	15 . Income Taxes The effective income tax rates for the nine September 30, 2020 2019

Note 16 - Commitments and Conti

Note 16 - Commitments and Contingencies	9 Months Ended
	Sep. 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 September 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

Note 17 - Subsequent Event

Note 17 - Subsequent Event	9 Months Ended
	Sep. 30, 2020
Notes to Financial Statements
Subsequent Events [Text Block]	17. On October 7, 2020, one 2003

Note 3 - Redeemable Noncontro_2

Note 3 - Redeemable Noncontrolling Interest (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Redeemable Noncontrolling Interest [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Balance at beginning of period $ 61,019 $ 59,117 $ 61,227 $ 61,004 Net income (loss) 80 (563 ) (2,601 ) (388 ) Foreign currency translation 3,257 (3,475 ) 2,638 (3,861 ) Redemption value adjustment (811 ) 1,485 2,281 (191 ) Balance at end of period $ 63,545 $ 56,564 $ 63,545 $ 56,564

Note 4 - Derivative Instrumen_2

Note 4 - Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule Of Derivative Assets (Liabilities) at Fair Value [Table Text Block]	September 30, 2020 December 31, 201 9 Commodity contracts $ 1,522 $ 6 Foreign currency contracts (3 ) 31 Interest rate swaps (35,049 ) (10,425 )

Note 6 - Accumulated Other Co_2

Note 6 - Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Foreign Currency Translation Adjustments Defined Benefit Pension Plan Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – July, 1 2020 $ (44,822 ) $ - $ (27,704 ) $ (72,526 ) Other comprehensive income (loss) before reclassifications 9,484 - 1,003 (1) 10,487 Amounts reclassified from AOCL - - - - Net current-period other comprehensive income (loss) 9,484 - 1,003 10,487 Ending Balance – September 30, 2020 $ (35,338 ) $ - $ (26,701 ) $ (62,039 ) Foreign Currency Translation Adjustments Defined Benefit Pension Plan Unrealized Loss on Cash Flow Hedges Total Beginning Balance – July, 1 2019 $ (16,673 ) $ (10,541 ) $ (6,617 ) $ (33,831 ) Other comprehensive income (loss) before reclassifications (9,811 ) - (2,721 ) (2) (12,532 ) Amounts reclassified from AOCL - - - - Net current-period other comprehensive income (loss) (9,811 ) - (2,721 ) (12,532 ) Ending Balance – September 30, 2019 $ (26,484 ) $ (10,541 ) $ (9,338 ) $ (46,363 ) 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 income (loss) before reclassifications (18,716 ) (3) - (18,406 ) (4) (37,122 ) Amounts reclassified from AOCL - - - - Net current-period other comprehensive loss (18,716 ) - (18,406 ) (37,122 ) Ending Balance – September 30, 2020 $ (35,338 ) $ - $ (26,701 ) $ (62,039 ) 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 (7,652 ) - (14,898 ) (5) (22,550 ) Amounts reclassified from AOCL - - - - Net current-period other comprehensive income (loss) (7,652 ) - (14,898 ) (22,550 ) Ending Balance – September 30, 2019 $ (26,484 ) $ (10,541 ) $ (9,338 ) $ (46,363 )

Note 7 - Segment Reporting (Tab

Note 7 - Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Disaggregation of Revenue [Table Text Block]	Net Sales by Segment Three Months Ended September 30, 2020 Product Classes Domestic International Total Residential products $ 441,532 $ 17,345 $ 458,877 Commercial & industrial products 108,774 67,426 176,200 Other 56,569 9,709 66,278 Total net sales $ 606,875 $ 94,480 $ 701,355 Three Months Ended September 30, 2019 Product Classes Domestic International Total Residential products $ 322,134 $ 12,895 $ 335,029 Commercial & industrial products 132,491 82,414 214,905 Other 40,185 11,016 51,201 Total net sales $ 494,810 $ 106,325 $ 601,135 Net Sales by Segment Nine Months Ended September 30, 2020 Product Classes Domestic International Total Residential products $ 1,013,219 $ 44,629 $ 1,057,848 Commercial & industrial products 294,940 208,216 503,156 Other 135,521 27,593 163,114 Total net sales $ 1,443,680 $ 280,438 $ 1,724,118 Nine Months Ended September 30, 2019 Product Classes Domestic International Total Residential products $ 778,733 $ 42,500 $ 821,233 Commercial & industrial products 390,514 263,944 654,458 Other 103,593 34,120 137,713 Total net sales $ 1,272,840 $ 340,564 $ 1,613,404
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Adjusted EBITDA Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Domestic $ 171,359 $ 120,833 $ 374,065 $ 305,747 International 7,419 5,120 13,877 19,220 Total adjusted EBITDA $ 178,778 $ 125,953 $ 387,942 $ 324,967 Interest expense (8,096 ) (10,704 ) (25,081 ) (31,428 ) Depreciation and amortization (17,168 ) (15,494 ) (50,087 ) (42,841 ) Non-cash write-down and other adjustments (1) (477 ) (347 ) (1,868 ) (673 ) Non-cash share-based compensation expense (2) (4,353 ) (3,549 ) (14,327 ) (11,477 ) Transaction costs and credit facility fees (3) (568 ) (358 ) (1,160 ) (2,047 ) Business optimization and other charges (4) (531 ) (567 ) (12,503 ) (809 ) Other (300 ) 27 (711 ) 556 Income before provision for income taxes $ 147,285 $ 94,961 $ 282,205 $ 236,248

Note 8 - Balance Sheet Details

Note 8 - Balance Sheet Details (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Inventory, Current [Table Text Block]	September 30, December 31, 2020 2019 Raw materials $ 340,275 $ 328,021 Work-in-process 8,817 10,387 Finished goods 183,860 183,616 Total $ 532,952 $ 522,024
Property, Plant and Equipment [Table Text Block]	September 30, December 31, 2020 2019 Land and improvements $ 17,464 $ 18,252 Buildings and improvements 194,994 177,079 Machinery and equipment 147,590 117,114 Dies and tools 23,677 22,040 Vehicles 5,258 3,955 Office equipment and systems 104,363 99,124 Leasehold improvements 4,914 4,293 Construction in progress 11,913 36,299 Gross property and equipment 510,173 478,156 Accumulated depreciation (188,813 ) (161,180 ) Total $ 321,360 $ 316,976

Note 9 - Allowance for Credit_2

Note 9 - Allowance for Credit Losses (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Accounts Receivable, Allowance for Credit Loss [Table Text Block]	Three Months Ended September 30, 2020 Nine Months Ended September 30, 2020 Balance at beginning of period $ 11,097 $ 6,968 Adoption of ASU 2016-13 - 1,147 Provision for credit losses 152 3,982 Charge-offs (336 ) (615 ) Currency translation 270 (299 ) Balance at end of period $ 11,183 $ 11,183

Note 10 - Product Warranty Ob_2

Note 10 - Product Warranty Obligations (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Balance at beginning of period $ 50,324 $ 45,324 $ 49,316 $ 41,785 Product warranty reserve assumed in acquisition 124 - 124 407 Payments (8,667 ) (7,576 ) (24,136 ) (18,867 ) Provision for warranty issued 10,949 8,518 27,691 23,656 Changes in estimates for pre-existing warranties (575 ) 230 (840 ) (485 ) Balance at end of period $ 52,155 $ 46,496 $ 52,155 $ 46,496 Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Balance at beginning of period $ 83,153 $ 74,517 $ 78,738 $ 68,340 Deferred revenue contracts issued 6,802 5,918 18,966 18,832 Amortization of deferred revenue contracts (4,241 ) (3,573 ) (11,990 ) (10,310 ) Balance at end of period $ 85,714 $ 76,862 $ 85,714 $ 76,862
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]	Remainder of 2020 $ 4,382 2021 19,630 2022 18,567 2023 14,058 2024 9,801 After 2024 19,276 Total $ 85,714
Product Warranty Obligations Included In Consolidated Balance Sheet [Table Text Block]	September 30, December 31, 2020 2019 Product warranty liability Current portion - other accrued liabilities $ 29,962 $ 27,885 Long-term portion - other long-term liabilities 22,193 21,431 Total $ 52,155 $ 49,316 Deferred revenue related to extended warranties Current portion - other accrued liabilities $ 21,846 $ 15,519 Long-term portion - other long-term liabilities 63,868 63,219 Total $ 85,714 $ 78,738

Note 12 - Credit Agreements (Ta

Note 12 - Credit Agreements (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Short-term Debt [Table Text Block]	September 30, December 31, 2020 2019 ABL Facility $ 5,269 $ 30,961 Other lines of credit 39,531 27,753 Total $ 44,800 $ 58,714
Schedule of Long-term Debt Instruments [Table Text Block]	September 30, December 31, 2020 2019 Term Loan $ 830,000 $ 830,000 Original issue discount and deferred financing costs (16,107 ) (18,048 ) Finance lease obligation 27,021 25,962 Other 3,848 2,236 Total 844,762 840,150 Less: current portion of debt 1,313 553 Less: current portion of finance lease obligation 2,108 1,830 Total $ 841,341 $ 837,767

Note 14 - Earnings Per Share (T

Note 14 - Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2020
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Numerator Net income attributable to Generac Holdings Inc. $ 114,970 $ 75,574 $ 225,575 $ 182,393 Redeemable noncontrolling interest redemption value adjustment 811 (1,485 ) (2,281 ) 191 Net income attributable to common shareholders $ 115,781 $ 74,089 $ 223,294 $ 182,584 Denominator Weighted average shares, basic 62,353,473 61,973,447 62,244,872 61,878,500 Dilutive effect of stock compensation awards (1) 1,407,907 797,145 1,301,260 640,705 Diluted shares 63,761,380 62,770,592 63,546,132 62,519,205 Net income attributable to common shareholders per share Basic $ 1.86 $ 1.20 $ 3.59 $ 2.95 Diluted $ 1.82 $ 1.18 $ 3.51 $ 2.92

Note 1 - Description of Busin_2

Note 1 - Description of Business and Basis of Presentation (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Jan. 01, 2020	Dec. 31, 2019
Goodwill and Intangible Asset Impairment, Total	$ 0
Retained Earnings (Accumulated Deficit), Ending Balance	$ 1,306,530		$ 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	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Dec. 31, 2019
Payments to Acquire Businesses, Net of Cash Acquired, Total				$ 22,815	$ 120,863
Goodwill, Ending Balance				$ 815,624		$ 815,624	$ 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
Captiva, Energy Systems, and Mean Green Acquisitions [Member]
Payments to Acquire Businesses, Net of Cash Acquired, Total						$ 24,070

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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Redemption value adjustment	$ 811	$ (1,485)	$ (2,281)	$ 191
Redeemable Noncontrolling Interest [Member]
Balance at beginning of period	61,019	59,117	61,227	61,004
Net income (loss)	80	(563)	(2,601)	(388)
Foreign currency translation	3,257	(3,475)	2,638	(3,861)
Redemption value adjustment	(811)	1,485	2,281	(191)
Balance at end of period	$ 63,545	$ 56,564	$ 63,545	$ 56,564

Note 4 - Derivative Instrumen_3

Note 4 - Derivative Instruments and Hedging Activities (Details Textual) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2020	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2017	Dec. 31, 2019USD ($)
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax		$ 1,003	$ (2,721)	$ (18,406)	$ (14,898)
Derivative Assets (Liabilities), Net Fair Value of Derivative Contracts, Excluding Impact of Credit Risk		$ (34,134)		$ (34,134)			$ (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		15		15
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Net of Tax		$ 1,003	$ (2,721)	$ (18,406)	$ (14,898)

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	Sep. 30, 2020	Dec. 31, 2019
Commodity Contract [Member]
Fair Value of Derivatives	$ 1,522	$ 6
Foreign Exchange Contract [Member]
Fair Value of Derivatives	(3)	31
Interest Rate Swap [Member]
Fair Value of Derivatives	$ (35,049)	$ (10,425)

Note 5 - Fair Value Measureme_2

Note 5 - Fair Value Measurements (Details Textual)	Sep. 30, 2020USD ($)
Long-term Debt, Total	$ 814,675
Long-term Debt, Fair Value	$ 828,963

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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Other Comprehensive Income (Loss), before Reclassifications, before Tax	$ 1,342	$ (3,677)	$ (24,623)	$ (20,132)
Other Comprehensive Income (Loss) before Reclassifications, Tax, Total	$ (339)	$ 956	$ 6,217	$ 5,234

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				9 Months Ended
	Sep. 30, 2020		Sep. 30, 2019		Sep. 30, 2020		Sep. 30, 2019
Balance	$ 1,097,275		$ 871,011		$ 1,032,851		$ 761,261
Balance	1,229,896		939,215		1,229,896		939,215
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(44,822)		(16,673)		(16,622)		(18,832)
Other comprehensive income (loss) before reclassifications	9,484		(9,811)		(18,716)	[1]	(7,652)
Amounts reclassified from AOCL	0		0		0		0
Net current-period other comprehensive income (loss)	9,484		(9,811)		(18,716)		(7,652)
Balance	(35,338)		(26,484)		(35,338)		(26,484)
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	(27,704)		(6,617)		(8,295)		5,560
Other comprehensive income (loss) before reclassifications	1,003	[2]	(2,721)	[3]	(18,406)	[4]	(14,898)	[5]
Amounts reclassified from AOCL	0		0		0		0
Net current-period other comprehensive income (loss)	1,003		(2,721)		(18,406)		(14,898)
Balance	(26,701)		(9,338)		(26,701)		(9,338)
AOCI Attributable to Parent [Member]
Balance	(72,526)		(33,831)		(24,917)		(23,813)
Other comprehensive income (loss) before reclassifications	10,487		(12,532)		(37,122)		(22,550)
Amounts reclassified from AOCL	0		0		0		0
Net current-period other comprehensive income (loss)	10,487		(12,532)		(37,122)		(22,550)
Balance	$ (62,039)		$ (46,363)		$ (62,039)		$ (46,363)
[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 gains of $1,342, net of tax effect of $(339) for the three months ended September 30, 2020.
[3]	Represents unrealized losses of $(3,677), net of tax effect of $956 for the three months ended September 30, 2019.
[4]	Represents unrealized losses of $(24,623), net of tax effect of $6,217 for the nine months ended September 30, 2020.
[5]	Represents unrealized losses of $(20,132), net of tax effect of $5,234 for the nine months ended September 30, 2019.

Note 7 - Segment Reporting (Det

Note 7 - Segment Reporting (Details Textual) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2019
Number of Reportable Segments			2
Revenue from Contract with Customer, Excluding Assessed Tax, Total	$ 701,355	$ 601,135	$ 1,724,118	$ 1,613,404
Adjusted EBITDA	$ 178,778	$ 125,953	$ 387,942	$ 324,967
Geographic Concentration Risk [Member] | Revenue Benchmark [Member] | UNITED STATES
Concentration Risk, Percentage	84.00%	78.00%	82.00%	75.00%
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		$ 3,353		$ 10,509
Adjusted EBITDA		$ 384		$ 976

Note 7 - Segment Reporting - Ne

Note 7 - Segment Reporting - Net Sales by Products and Services (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Net sales	$ 701,355	$ 601,135	$ 1,724,118	$ 1,613,404
Domestic [Member]
Net sales	606,875	494,810	1,443,680	1,272,840
International [Member]
Net sales	94,480	106,325	280,438	340,564
Residential Power Products [Member]
Net sales	458,877	335,029	1,057,848	821,233
Residential Power Products [Member] | Domestic [Member]
Net sales	441,532	322,134	1,013,219	778,733
Residential Power Products [Member] | International [Member]
Net sales	17,345	12,895	44,629	42,500
Commercial and Industrial Power Products [Member]
Net sales	176,200	214,905	503,156	654,458
Commercial and Industrial Power Products [Member] | Domestic [Member]
Net sales	108,774	132,491	294,940	390,514
Commercial and Industrial Power Products [Member] | International [Member]
Net sales	67,426	82,414	208,216	263,944
Other Products and Services [Member]
Net sales	66,278	51,201	163,114	137,713
Other Products and Services [Member] | Domestic [Member]
Net sales	56,569	40,185	135,521	103,593
Other Products and Services [Member] | International [Member]
Net sales	$ 9,709	$ 11,016	$ 27,593	$ 34,120

Note 7 - Segment Reporting - Se

Note 7 - Segment Reporting - Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Adjusted EBITDA		$ 178,778	$ 125,953	$ 387,942	$ 324,967
Interest expense		(8,096)	(10,704)	(25,081)	(31,428)
Depreciation and amortization		(17,168)	(15,494)	(50,087)	(42,841)
Non-cash write-down and other adjustments (1)	[1]	(477)	(347)	(1,868)	(673)
Non-cash share-based compensation expense (2)	[2]	(4,353)	(3,549)	(14,327)	(11,477)
Transaction costs and credit facility fees (3)	[3]	(568)	(358)	(1,160)	(2,047)
Business optimization and other charges (4)	[4]	(531)	(567)	(12,503)	(809)
Other		(300)	27	(711)	556
Income before provision for income taxes		147,285	94,961	282,205	236,248
Domestic [Member]
Adjusted EBITDA		171,359	120,833	374,065	305,747
International [Member]
Adjusted EBITDA		$ 7,419	$ 5,120	$ 13,877	$ 19,220
[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 months ended September 30, 2020, represents severance and other charges related to the consolidation of certain of our facilities. For the nine months ended September, 30, 2020, represents severance, non-cash asset write-downs, and other charges to address the impact of the COVID-19 pandemic, decline in oil prices, and consolidation of certain of our facilities, consisting of $6,646 and $5,857 classified within costs of goods sold and operating expenses, respectively. For the three and nine months ended September 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	Sep. 30, 2020	Dec. 31, 2019
Capital Leases, Balance Sheet, Assets by Major Class, Net, Total	$ 26,976	$ 26,063

Note 8 - Balance Sheet Detail_3

Note 8 - Balance Sheet Details - Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Raw materials	$ 340,275	$ 328,021
Work-in-process	8,817	10,387
Finished goods	183,860	183,616
Total	$ 532,952	$ 522,024

Note 8 - Balance Sheet Detail_4

Note 8 - Balance Sheet Details - Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Property and equipment, gross	$ 510,173	$ 478,156
Accumulated depreciation	(188,813)	(161,180)
Total	321,360	316,976
Land and Land Improvements [Member]
Property and equipment, gross	17,464	18,252
Building and Building Improvements [Member]
Property and equipment, gross	194,994	177,079
Machinery and Equipment [Member]
Property and equipment, gross	147,590	117,114
Dies and Tools [Member]
Property and equipment, gross	23,677	22,040
Vehicles [Member]
Property and equipment, gross	5,258	3,955
Office Equipment [Member]
Property and equipment, gross	104,363	99,124
Leasehold Improvements [Member]
Property and equipment, gross	4,914	4,293
Construction in Progress [Member]
Property and equipment, gross	$ 11,913	$ 36,299

Note 9 - Allowance for Credit_3

Note 9 - Allowance for Credit Losses (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Accounts Receivable, before Allowance for Credit Loss	$ 409,423
Accounts Receivable, Allowance for Credit Loss, Ending Balance	$ 11,183	$ 11,097	$ 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	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2020
Balance at beginning of period	$ 11,097	$ 6,968
Adoption of ASU 2016-13	0	1,147
Provision for credit losses	152	3,982
Charge-offs	(336)	(615)
Currency translation	270	(299)
Balance at end of period	$ 11,183	$ 11,183

Note 10 - Product Warranty Ob_3

Note 10 - Product Warranty Obligations 1 (Details Textual)	9 Months Ended
	Sep. 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)	Sep. 30, 2020
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period (Year)	3 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		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Balance at beginning of period	$ 50,324	$ 45,324	$ 49,316	$ 41,785
Product warranty reserve assumed in acquisition	124	0	124	407
Payments	(8,667)	(7,576)	(24,136)	(18,867)
Provision for warranty issued	10,949	8,518	27,691	23,656
Changes in estimates for pre-existing warranties	(575)	230	(840)	(485)
Balance at end of period	52,155	46,496	52,155	46,496
Balance at beginning of period	83,153	74,517	78,738	68,340
Deferred revenue contracts issued	6,802	5,918	18,966	18,832
Amortization of deferred revenue contracts	(4,241)	(3,573)	(11,990)	(10,310)
Balance at end of period	$ 85,714	$ 76,862	$ 85,714	$ 76,862

Note 10 - Product Warranty Ob_6

Note 10 - Product Warranty Obligations - Recognition of Deferred Revenue Related to Extended Warranties (Details) $ in Thousands	Sep. 30, 2020USD ($)
Revenue performance obligation	$ 85,714

Note 10 - Product Warranty Ob_7

Note 10 - Product Warranty Obligations - Recognition of Deferred Revenue Related to Extended Warranties 2 (Details) $ in Thousands	Sep. 30, 2020USD ($)
Revenue performance obligation	$ 85,714
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-10-01
Revenue performance obligation	4,382
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-01-01
Revenue performance obligation	19,630
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Revenue performance obligation	18,567
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue performance obligation	14,058
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue performance obligation	9,801
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue performance obligation	$ 19,276

Note 10 - Product Warranty Ob_8

Note 10 - Product Warranty Obligations - Deferred Product Obligations (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Current portion - other accrued liabilities	$ 29,962		$ 27,885
Long-term portion - other long-term liabilities	22,193		21,431
Total	52,155	$ 50,324	49,316	$ 46,496	$ 45,324	$ 41,785
Current portion - other accrued liabilities	21,846		15,519
Long-term portion - other long-term liabilities	63,868		63,219
Total	$ 85,714	$ 83,153	$ 78,738	$ 76,862	$ 74,517	$ 68,340

Note 11 - Contract Balances (De

Note 11 - Contract Balances (Details Textual) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Contract with Customer, Liability, Current	$ 17,637	$ 9,952
Contract with Customer, Liability, Revenue Recognized	$ 7,991

Note 12 - Credit Agreements (De

Note 12 - Credit Agreements (Details Textual) - USD ($) $ in Thousands	May 31, 2013	May 31, 2015	Dec. 31, 2019	Sep. 30, 2020
Short-term Debt, Total			$ 58,714	$ 44,800
ABL Revolving Credit Facility [Member]
Long-term Line of Credit, Total				5,269
Line of Credit Facility, Remaining Borrowing Capacity				$ 294,338
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				1.26
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	Sep. 30, 2020	Dec. 31, 2019
Short-term borrowings	$ 44,800	$ 58,714
ABL Revolving Credit Facility [Member]
Short-term borrowings	5,269	30,961
Other Lines of Credit [Member]
Short-term borrowings	$ 39,531	$ 27,753

Note 12 - Credit Agreements - L

Note 12 - Credit Agreements - Long-term Borrowings (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Term Loan	$ 830,000	$ 830,000
Original issue discount and deferred financing costs	(16,107)	(18,048)
Finance lease obligation	27,021	25,962
Other	3,848	2,236
Total	844,762	840,150
Less: current portion of debt	1,313	553
Less: current portion of finance lease obligation	2,108	1,830
Total	$ 841,341	$ 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	9 Months Ended	62 Months Ended
	Sep. 30, 2020	Sep. 30, 2020	Sep. 30, 2020	Sep. 30, 2020	Sep. 30, 2018
Stock Repurchase Program, Authorized Amount	$ 250,000	$ 250,000	$ 250,000	$ 250,000	$ 250,000
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 shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	0	0	0	0

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		9 Months Ended
		Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Net income attributable to Generac Holdings Inc.		$ 114,970	$ 75,574	$ 225,575	$ 182,393
Redeemable noncontrolling interest redemption value adjustment		811	(1,485)	(2,281)	191
Net income attributable to common shareholders		$ 115,781	$ 74,089	$ 223,294	$ 182,584
Weighted average shares, basic (in shares)		62,353,473	61,973,447	62,244,872	61,878,500
Dilutive effect of stock compensation awards (1) (in shares)	[1]	1,407,907	797,145	1,301,260	640,705
Diluted shares (in shares)		63,761,380	62,770,592	63,546,132	62,519,205
Basic (in dollars per share)		$ 1.86	$ 1.20	$ 3.59	$ 2.95
Diluted (in dollars per share)		$ 1.82	$ 1.18	$ 3.51	$ 2.92
[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)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Effective Income Tax Rate Reconciliation, Percent, Total	21.30%	22.80%

Note 16 - Commitments and Con_2

Note 16 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Amount Financed by Dealers	$ 45.7	$ 49.6