Generac (GNRC) 10-Q 8 Aug 22 2022 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Aug. 03, 2022
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	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
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		63,830,918

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 467,140	$ 147,339
Accounts receivable, less allowance for credit losses	692,291	546,466
Inventories	1,240,524	1,089,705
Prepaid expenses and other assets	91,356	64,954
Total current assets	2,491,311	1,848,464
Property and equipment, net	446,007	440,852
Customer lists, net	217,152	238,722
Patents and technology, net	469,384	492,473
Other intangible assets, net	51,727	66,436
Tradenames, net	233,023	243,531
Goodwill	1,388,051	1,409,674
Deferred income taxes	14,091	15,740
Operating lease and other assets	162,205	121,888
Total assets	5,472,951	4,877,780
Current liabilities:
Short-term Borrowings	77,514	72,035
Accounts payable	614,009	674,208
Accrued wages and employee benefits	61,249	72,060
Other accrued liabilities	415,730	331,674
Current portion of long-term borrowings and finance lease obligations	3,674	5,930
Total current liabilities	1,172,176	1,155,907
Long-term borrowings and finance lease obligations	1,286,499	902,091
Deferred income taxes	151,643	205,964
Operating lease and other long-term liabilities	360,041	341,681
Total liabilities	2,970,359	2,605,643
Redeemable noncontrolling interests	82,830	58,050
Stockholders’ equity:
Common stock, par value $0.01, 500,000,000 shares authorized, 72,588,588 and 72,386,017 shares issued at June 30, 2022 and December 31, 2021, respectively	727	725
Additional paid-in capital	967,819	952,939
Treasury stock, at cost	(475,294)	(448,976)
Excess purchase price over predecessor basis	(202,116)	(202,116)
Retained earnings	2,210,582	1,965,957
Accumulated other comprehensive loss	(82,839)	(54,755)
Stockholders’ equity attributable to Generac Holdings Inc.	2,418,879	2,213,774
Noncontrolling interests	883	313
Total stockholders' equity	2,419,762	2,214,087
Total liabilities and stockholders’ equity	$ 5,472,951	$ 4,877,780

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
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)	72,588,588	72,386,017

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021		Jun. 30, 2022		Jun. 30, 2021
Net sales	$ 1,291,391	$ 919,981		$ 2,427,247		$ 1,727,415
Costs of goods sold	834,406	580,246		1,609,514		1,065,866
Gross profit	456,985	339,735		817,733		661,549
Operating expenses:
Selling and service	120,066	78,777		218,309		147,201
Research and development	41,599	25,344		81,343		47,732
General and administrative	52,600	41,610		94,572		74,509
Amortization of intangibles	25,876	11,052		51,930		20,031
Total operating expenses	240,141	156,783		446,154		289,473
Income from operations	216,844	182,952		371,579		372,076
Other (expense) income:
Interest expense	(10,235)	(7,721)		(19,789)		(15,444)
Investment income	92	244		169		847
Loss on extinguishment of debt	3,743	831	[1]	3,743	[1]	831	[1]
Other, net	505	(373)		751		2,936
Total other expense, net	(13,381)	(8,681)		(22,612)		(12,492)
Income before provision for income taxes	203,463	174,271		348,967		359,584
Provision for income taxes	45,826	46,362		74,434		81,730
Net income	157,637	127,909		274,533		277,854
Net income attributable to noncontrolling interests	1,278	873		4,316		1,825
Net income attributable to Generac Holdings Inc.	$ 156,359	$ 127,036		$ 270,217		$ 276,029
Net income attributable to Generac Holdings Inc. per common share - basic: (in dollars per share)	$ 2.24	$ 2.06		$ 3.85		$ 4.44
Weighted average common shares outstanding - basic: (in shares)	63,662,510	62,605,166		63,607,711		62,533,725
Net income attributable to Generac Holdings Inc. per common share - diluted: (in dollars per share)	$ 2.21	$ 2.01		$ 3.78		$ 4.34
Weighted average common shares outstanding - diluted: (in shares)	64,713,748	64,088,709		64,799,002		64,097,378
Comprehensive income attributable to Generac Holdings Inc.	$ 120,864	$ 119,246		$ 243,229		$ 273,062
[1]Represents the non-cash write-off of original issue discount and deferred financing costs due primarily to a voluntary prepayment of Term Loan debt.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	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, 2020	72,024,329		(9,173,731)
Balance at Dec. 31, 2020	$ 721	$ 525,541	$ (332,164)	$ (202,116)	$ 1,432,565	$ (34,254)	$ 1,390,293	$ (89)	$ 1,390,204
Unrealized gain (loss) on interest rate swaps, net of tax	0	0	0	0	0	12,243	12,243	0	12,243
Foreign currency translation adjustment	$ 0	0	0	0	0	(15,572)	(15,572)	(5)	(15,577)
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price (in shares)	228,651
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price	$ 2	4,931	0	0	0	0	4,933	0	4,933
Net share settlement of restricted stock awards	0	0	$ (26,317)	0	0	0	(26,317)	0	(26,317)
Net share settlement of restricted stock awards (in shares)			(78,366)
Share-based compensation	0	12,421	$ 0	0	0	0	12,421	0	12,421
Redemption value adjustment	0	0	0	0	1,870	0	1,870	0	1,870
Net income attributable to Generac Holdings Inc.	$ 0	0	$ 0	0	276,029	0	276,029		276,029
Net income								132
Net income									276,161
Balance (in shares) at Jun. 30, 2021	72,252,980		(9,252,097)
Balance at Jun. 30, 2021	$ 723	542,893	$ (358,481)	(202,116)	1,710,464	(37,583)	1,655,900	38	1,655,938
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax, Total	$ 0	0	$ 0	0	0	12,243	12,243	0	12,243
Balance (in shares) at Mar. 31, 2021	72,205,746		(9,251,818)
Balance at Mar. 31, 2021	$ 723	534,303	$ (358,362)	(202,116)	1,581,681	(31,499)	1,524,730	(161)	1,524,569
Unrealized gain (loss) on interest rate swaps, net of tax	0	0	0	0	0	(2,752)	(2,752)	0	(2,752)
Foreign currency translation adjustment	$ 0	0	0	0	0	(3,332)	(3,332)	(2)	(3,334)
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price (in shares)	47,234
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price	$ 0	1,617	0	0	0	0	1,617	0	1,617
Net share settlement of restricted stock awards	0	0	$ (119)	0	0	0	(119)	0	(119)
Net share settlement of restricted stock awards (in shares)			(279)
Share-based compensation	0	6,973	$ 0	0	0	0	6,973	0	6,973
Redemption value adjustment	0	0	0	0	1,747	0	1,747	0	1,747
Net income attributable to Generac Holdings Inc.	$ 0	0	$ 0	0	127,036	0	127,036		127,036
Net income								201
Net income									127,237
Balance (in shares) at Jun. 30, 2021	72,252,980		(9,252,097)
Balance at Jun. 30, 2021	$ 723	542,893	$ (358,481)	(202,116)	1,710,464	(37,583)	1,655,900	38	1,655,938
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax, Total	$ 0	0	$ 0	0	0	(2,752)	(2,752)	0	(2,752)
Balance (in shares) at Dec. 31, 2021	72,386,017		(8,667,031)
Balance at Dec. 31, 2021	$ 725	952,939	$ (448,976)	(202,116)	1,965,957	(54,755)	2,213,774	313	2,214,087
Unrealized gain (loss) on interest rate swaps, net of tax	0	0	0	0	0	25,857	25,857	0	25,857
Foreign currency translation adjustment	$ 0	0	0	0	0	(53,941)	(53,941)	(74)	(54,015)
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price (in shares)	202,571
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price	$ 2	(1,682)	0	0	0	0	(1,680)	0	(1,680)
Net share settlement of restricted stock awards	0	0	$ (26,318)	0	0	0	(26,318)	0	(26,318)
Net share settlement of restricted stock awards (in shares)			(88,420)
Share-based compensation	0	16,562	$ 0	0	0	0	16,562	0	16,562
Redemption value adjustment	0	0	0	0	(25,592)	0	(25,592)	0	(25,592)
Net income attributable to Generac Holdings Inc.	$ 0	0	$ 0	0	270,217	0	270,217		270,217
Net income								644
Net income									270,861
Balance (in shares) at Jun. 30, 2022	72,588,588		(8,755,451)
Balance at Jun. 30, 2022	$ 727	967,819	$ (475,294)	(202,116)	2,210,582	(82,839)	2,418,879	883	2,419,762
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax, Total	$ 0	0	$ 0	0	0	25,857	25,857	0	25,857
Balance (in shares) at Mar. 31, 2022	72,589,905		(8,740,863)
Balance at Mar. 31, 2022	$ 727	959,890	$ (471,833)	(202,116)	2,067,868	(46,402)	2,308,134	478	2,308,612
Unrealized gain (loss) on interest rate swaps, net of tax	0	0	0	0	0	7,129	7,129	0	7,129
Foreign currency translation adjustment	$ 0	0	0	0	0	(43,566)	(43,566)	(256)	(43,822)
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price (in shares)	(1,317)
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price	$ 0	194	0	0	0	0	194	0	194
Net share settlement of restricted stock awards	0	0	$ (3,461)	0	0	0	(3,461)	0	(3,461)
Net share settlement of restricted stock awards (in shares)			(14,588)
Share-based compensation	0	7,735	$ 0	0	0	0	7,735	0	7,735
Redemption value adjustment	0	0	0	0	(13,645)	0	(13,645)	0	(13,645)
Net income attributable to Generac Holdings Inc.	$ 0	0	$ 0	0	156,359	0	156,359		156,359
Net income								661
Net income									157,020
Balance (in shares) at Jun. 30, 2022	72,588,588		(8,755,451)
Balance at Jun. 30, 2022	$ 727	967,819	$ (475,294)	(202,116)	2,210,582	(82,839)	2,418,879	883	2,419,762
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax, Total	$ 0	$ 0	$ 0	$ 0	$ 0	$ 7,129	$ 7,129	$ 0	$ 7,129

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) - AOCI Attributable to Parent [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Unrealized gain (loss) on interest rate swaps, tax	$ 2,408	$ (930)	$ 8,734
Unrealized gain (loss) on interest rate swaps, tax				$ 4,136

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		3 Months Ended					6 Months Ended				12 Months Ended
		Jun. 30, 2022	Jun. 30, 2022		Jun. 30, 2021		Jun. 30, 2022		Jun. 30, 2021		Dec. 31, 2021
Operating activities
Net income		$ 157,637			$ 127,909		$ 274,533		$ 277,854
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation							25,629		19,435
Amortization of intangible assets		25,876			11,052		51,930		20,031
Amortization of original issue discount and deferred financing costs							1,287		1,295
Loss on extinguishment of debt		3,743	$ 3,743	[1]	831	[1]	3,743	[1]	831	[1]
Deferred income taxes							(61,625)		7,003
Share-based compensation expense	[2]		7,735		6,973		16,562		12,421
Gain on disposal of assets							(587)		(3,978)
Other noncash (gains) charges							(2,037)		(142)
Net changes in operating assets and liabilities, net of acquisitions:
Accounts receivable							(143,308)		(96,846)
Inventories							(158,232)		(163,820)
Other assets							1,637		(4,172)
Accounts payable							(54,583)		186,041
Accrued wages and employee benefits							(11,876)		2,537
Other accrued liabilities							86,616		38,028
Excess tax benefits from equity awards							(15,996)		(21,525)
Net cash provided by operating activities							13,693		274,993
Investing activities
Proceeds from sale of property and equipment							1,883		74
Proceeds from sale of investment							1,308		4,902
Proceeds from beneficial interests in securitization transactions							1,843		1,363
Contribution to equity method investment							(10,229)		(216)
Expenditures for property and equipment							(46,503)		(54,222)
Acquisition of business, net of cash acquired							(11,421)		(419,017)
Net cash used in investing activities							(63,119)		(467,116)
Financing activities
Proceeds from short-term borrowings							216,681		57,589
Proceeds from long-term borrowings							935,000		50,000
Repayments of short-term borrowings							(208,244)		(73,675)
Repayments of long-term borrowings and finance lease obligations							(538,401)		(53,095)
Payment of contingent acquisition consideration							0		(3,750)
Payment of debt issuance costs							(10,330)		(1,185)
Purchase of additional ownership interest							(375)		(27,164)
Taxes paid related to equity awards							(38,347)		(39,967)
Proceeds from exercise of stock options							10,383		18,567
Net cash provided by (used in) financing activities							366,367		(72,680)
Effect of exchange rate changes on cash and cash equivalents							2,860		(239)
Net increase (decrease) in cash and cash equivalents							319,801		(265,042)
Cash and cash equivalents at beginning of period							147,339		655,128		$ 655,128
Cash and cash equivalents at end of period		$ 467,140	$ 467,140		$ 390,086		$ 467,140		$ 390,086		$ 147,339
[1]Represents the non-cash write-off of original issue discount and deferred financing costs due primarily to a voluntary prepayment of Term Loan debt.[2]Represents share-based compensation expense to account for stock options, restricted stock, and other stock awards over their respective vesting periods.

Note 1 - Description of Busines

Note 1 - Description of Business and Basis of Presentation	6 Months Ended
	Jun. 30, 2022
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, 2021 ● In June 2021, 1975 ● In July 2021, ● In September 2021, ● In September 2021, ● In October 2021, ● In December 2021, 2007 ● In June 2022, 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, 2022 three six June 30, 2022 2021 three six June 30, 2022 2021 six June 30, 2022 2021 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, 2021 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 issued were assessed and have already been adopted in a prior period or determined to be either not not

Note 2 - Acquisitions

Note 2 - Acquisitions	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Business Combination Disclosure [Text Block]	2 . Acquisitions Fiscal 2022 On June 30, 2022, Fiscal 2021 Acquisition of Deep Sea On June 1, 2021, The Company finalized its purchase price allocation during the second 2022 not not June 30, 2022. Acquisition of Chilicon On July 2, 2021, Cash paid at closing $ 11,821 Deferred cash payment (1) 6,000 Common stock issued at closing 12,000 Contingent consideration (2) 31,308 Total purchase price $ 61,129 ( 1 Payable on the third December 31, 2023. ( 2 Payable within 45 December 31, 2025. The Company finalized its purchase price allocation during the second 2022 not not June 30, 2022. Acquisition of Off Grid Energy On September 1, 2021, March 31, 2022. Q3 2022. The Company recorded its preliminary purchase price allocation during the third 2021, fourth 2021 first second 2022, not June 30, 2022. The allocation of the purchase price to identifiable assets and liabilities is based on the preliminary valuations performed to determine the fair value of the net assets as of the acquisition date. The measurement period for the valuation of net assets acquired ends as soon as information on the facts and circumstances that existed as of the acquisition date becomes available, but not 12 may Acquisition of ecobee On December 1, 2021, Cash paid at closing $ 225,458 Common stock issued at closing 420,774 Contingent consideration (1) 89,400 Total purchase price $ 735,632 ( 1 To be paid in the form of common stock issued upon achievement of certain performance targets following the end of each of two one June 30, 2022, one June 30, 2023. The Company recorded its preliminary purchase price allocation during the fourth 2021, first second 2022, June 30, 2022. The allocation of the purchase price to identifiable assets and liabilities is based on the preliminary valuations performed to determine the fair value of the net assets as of the acquisition date. The measurement period for the valuation of net assets acquired ends as soon as information on the facts and circumstances that existed as of the acquisition date becomes available, but not 12 may Other Acquisitions On September 1, 2021, On October 1, 2021, The combined purchase price for these two third fourth 2021, first second 2022, two June 30, 2022. The allocation of the purchase price to identifiable assets and liabilities is based on the preliminary valuations performed to determine the fair value of the net assets as of the acquisition date. The measurement period for the valuation of net assets acquired ends as soon as information on the facts and circumstances that existed as of the acquisition date becomes available, but not 12 may Pro forma financial information is not not Summary Purchase Price Allocations The fair values assigned to certain assets acquired and liabilities assumed, as of the acquisition dates, are as follows for the 2021 Deep Sea ecobee All Other Total Accounts receivable $ 9,574 $ 23,337 $ 13,852 $ 46,763 Inventories 9,970 7,258 7,034 24,262 Prepaid expenses and other assets 1,181 5,689 6,594 13,464 Property and equipment 8,838 3,588 480 12,906 Intangible assets 174,270 555,400 81,171 810,841 Goodwill 263,604 243,346 80,871 587,821 Deferred income taxes - 46,721 6,547 53,268 Other assets 151 11,722 8,526 20,399 Total assets acquired 467,588 897,061 205,075 1,569,724 Accounts payable 8,998 25,968 7,473 42,439 Accrued wages and employee benefits 2,106 1,354 872 4,332 Other accrued liabilities 1,737 19,898 18,258 39,893 Short-term borrowings - - 800 800 Current portion of long-term debt - - 233 233 Deferred income taxes 33,957 80,447 19,930 134,334 Other long-term liabilities 90 33,762 7,862 41,714 Long-term borrowings and finance lease obligations - - 1,624 1,624 Net assets acquired $ 420,700 $ 735,632 $ 148,023 $ 1,304,355

Note 3 - Redeemable Noncontroll

Note 3 - Redeemable Noncontrolling Interest	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Redeemable Noncontrolling Interest [Text Block]	3. On March 1, 2016, February 2019, five five no April 1, 2021. May 2021, 3 On February 1, 2019, five may five March 2022, May 2022, 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 13, Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Balance at beginning of period $ 71,511 $ 63,254 $ 58,050 $ 66,207 Net income 816 672 3,672 1,693 Foreign currency translation (3,228 ) 2,230 (4,109 ) (1,621 ) Purchase of additional ownership interest 86 (27,164 ) (375 ) (27,164 ) Redemption value adjustment 13,645 (1,747 ) 25,592 (1,870 ) Balance at end of period $ 82,830 $ 37,245 $ 82,830 $ 37,245

Note 4 - Derivative Instruments

Note 4 - Derivative Instruments and Hedging Activities	6 Months Ended
	Jun. 30, 2022
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 eight June 30, 2022 December 2019, March 2020, three June 30, 2022 In June 2022, 11, The amount of gains, net of tax, recognized for the three six June 30, 2022 three six June 30, 2021 Fair Value The following table presents the fair value of all of the Company’s derivatives: June 30, 2022 December 31, 2021 Commodity contracts $ (157 ) $ - Foreign currency contracts 130 (36 ) Interest rate swaps 32,517 (2,074 ) The fair value of the commodity contracts is included in other accrued liabilities, and the fair value of the foreign currency contracts and interest rate swaps is included in other assets in the condensed consolidated balance sheets as of June 30, 2022 December 31, 2021. June 30, 2022 December 31, 2021

Note 5 - Fair Value Measurement

Note 5 - Fair Value Measurements	6 Months Ended
	Jun. 30, 2022
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, revolving facility 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 $1,268,716, was approximately $1,279,338 (Level 2 June 30, 2022 For the fair value of the derivatives measured on a recurring basis, refer to the fair value table in Note 4, 2. 820 10. Contingent Consideration Certain of the Company's business combinations involve potential payment of future consideration that is contingent upon the achievement of certain milestones or performance targets. As part of purchase accounting, a liability is recorded for the estimated fair value of the contingent consideration on the acquisition date. The fair value of the contingent consideration is remeasured at each reporting period, and the change in fair value is recognized within general and administrative expenses in the Company's condensed consolidated statements of comprehensive income. This fair value measurement of contingent consideration is categorized as a Level 3 not The June 30, 2022 December 31, 2021, The following table provides a reconciliation of the activity for contingent consideration: Beginning balance, January 1, 2022 $ 146,759 Changes in fair value (2,641 ) Present value interest accretion 1,383 Currency translation (2,405 ) Ending balance, June 30, 2022 $ 143,096

Note 6 - Accumulated Other Comp

Note 6 - Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2022
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, 2022 2021 Foreign Currency Translation Adjustments Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – April 1, 2022 $ (63,079 ) $ 16,677 $ (46,402 ) Other comprehensive income (loss) before reclassifications (43,566 ) (1) 7,129 (2) (36,437 ) Amounts reclassified from AOCL - - - Net current-period other comprehensive income (loss) (43,566 ) 7,129 (36,437 ) Ending Balance – June 30, 2022 $ (106,645 ) $ 23,806 $ (82,839 ) Foreign Currency Translation Adjustments Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – April 1, 2021 $ (23,914 ) $ (7,585 ) $ (31,499 ) Other comprehensive income (loss) before reclassifications (3,332 ) (2,752 ) (3) (6,084 ) Amounts reclassified from AOCL - - - Net current-period other comprehensive income (loss) (3,332 ) (2,752 ) (6,084 ) Ending Balance – June 30, 2021 $ (27,246 ) $ (10,337 ) $ (37,583 ) Foreign Currency Translation Adjustments Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – January 1, 2022 $ (52,704 ) $ (2,051 ) $ (54,755 ) Other comprehensive income (loss) before reclassifications (53,941 ) (4) 25,857 (5) (28,084 ) Amounts reclassified from AOCL - - - Net current-period other comprehensive income (loss) (53,941 ) 25,857 (28,084 ) Ending Balance – June 30, 2022 $ (106,645 ) $ 23,806 $ (82,839 ) Foreign Currency Translation Adjustments Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – January 1, 2021 $ (11,674 ) $ (22,580 ) $ (34,254 ) Other comprehensive income (loss) before reclassifications (15,572 ) (6) 12,243 (7) (3,329 ) Amounts reclassified from AOCL - - - Net current-period other comprehensive income (loss) (15,572 ) 12,243 (3,329 ) Ending Balance – June 30, 2021 $ (27,246 ) $ (10,337 ) $ (37,583 ) ( 1 Represents unfavorable impact from the strengthening of the U.S. dollar against foreign currencies during the three June 30, 2022 ( 2 Represents unrealized gains of $9,537 on the interest rate swaps, net of tax effect of $(2,408) for the three June 30, 2022 ( 3 Represents unrealized losses of $(3,682) on the interest rate swaps, net of tax effect of $930 for the three June 30, 2021 ( 4 Represents unfavorable impact from the strengthening of the U.S. dollar against foreign currencies during the six June 30, 2022 ( 5 Represents unrealized gains of $34,591 on the interest rate swaps, net of tax effect of $(8,734) for the six June 30, 2022 ( 6 Represents unfavorable impact from the strengthening of the U.S. dollar against foreign currencies during the six June 30, 2021 ( 7 Represents unrealized gains of $16,379 on the interest rate swaps, net of tax effect of $(4,136) for the six June 30, 2021

Note 7 - Segment Reporting

Note 7 - Segment Reporting	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	7 . Segment Reporting The Company has two reportable segments for financial reporting purposes – Domestic and International. The Domestic segment includes the legacy Generac business (excluding its traditional Latin American export operations), and the acquisitions that are based in the U.S. and Canada, all of which have revenues substantially derived from the U.S. and Canada. The International segment includes the legacy Generac business’ Latin American export operations, and the Ottomotores, Tower Light, Pramac, Motortech, Selmec, Deep Sea, and Off Grid Energy acquisitions, all of which have revenues substantially derived from outside the U.S. and Canada. Both reportable segments design and manufacture a wide range of energy technology solutions and other power products. The Company has multiple operating segments, which it aggregates into the two The Company's product offerings consist primarily of power generation equipment, energy storage systems, grid service devices & 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 and services by reportable segment is as follows: Net Sales by Segment Three Months Ended June 30, 2022 Product Classes Domestic International Total Residential products $ 860,014 $ 35,999 $ 896,013 Commercial & industrial products 173,549 135,799 309,348 Other 73,868 12,162 86,030 Total net sales $ 1,107,431 $ 183,960 $ 1,291,391 Net Sales by Segment Three Months Ended June 30, 2021 Product Classes Domestic International Total Residential products $ 583,341 $ 16,650 $ 599,991 Commercial & industrial products 143,654 110,641 254,295 Other 57,151 8,544 65,695 Total net sales $ 784,146 $ 135,835 $ 919,981 Net Sales by Segment Six Months Ended June 30, 2022 Product Classes Domestic International Total Residential products $ 1,610,341 $ 62,616 $ 1,672,957 Commercial & industrial products 319,286 268,791 588,077 Other 142,478 23,735 166,213 Total net sales $ 2,072,105 $ 355,142 $ 2,427,247 Net Sales by Segment Six Months Ended June 30, 2021 Product Classes Domestic International Total Residential products $ 1,105,556 $ 36,584 $ 1,142,140 Commercial & industrial products 261,533 195,153 456,686 Other 109,795 18,794 128,589 Total net sales $ 1,476,884 $ 250,531 $ 1,727,415 Residential products consist primarily of automatic home standby generators ranging in output from 7.5kW 150kW, C&I products consist of larger output stationary generators used in C&I applications with power outputs up to 3,250kW. Other consists primarily of aftermarket service parts and product accessories sold to our customers, the amortization of extended warranty deferred revenue, remote monitoring and grid services subscription revenue, as well as certain installation and maintenance service 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. Other service revenue is recognized when the service is performed. The following table sets forth total sales by reportable segment and inclusive of intersegment sales: Three Months Ended June 30, 2022 Three Months Ended June 30, 2021 Domestic International Eliminations Total Domestic International Eliminations Total External net sales $ 1,107,431 $ 183,960 $ - $ 1,291,391 $ 784,146 $ 135,835 $ - $ 919,981 Intersegment sales 18,987 19,334 (38,321 ) - 8,798 6,549 (15,347 ) - Total sales $ 1,126,418 $ 203,294 $ (38,321 ) $ 1,291,391 $ 792,944 $ 142,384 $ (15,347 ) $ 919,981 Six Months Ended June 30, 2022 Six Months Ended June 30, 2021 Domestic International Eliminations Total Domestic International Eliminations Total External net sales $ 2,072,105 $ 355,142 $ - $ 2,427,247 $ 1,476,884 $ 250,531 $ - $ 1,727,415 Intersegment sales 29,257 33,659 (62,916 ) - 15,479 8,552 (24,031 ) - Total sales $ 2,101,362 $ 388,801 $ (62,916 ) $ 2,427,247 $ 1,492,363 $ 259,083 $ (24,031 ) $ 1,727,415 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, 2022 2021 2022 2021 Domestic $ 241,928 $ 203,931 $ 412,349 $ 411,004 International 29,534 13,748 55,526 20,869 Total adjusted EBITDA $ 271,462 $ 217,679 $ 467,875 $ 431,873 Interest expense (10,235 ) (7,721 ) (19,789 ) (15,444 ) Depreciation and amortization (39,098 ) (21,229 ) (77,559 ) (39,466 ) Non-cash write-down and other adjustments (1) (4,607 ) (1,173 ) 3,185 2,695 Non-cash share-based compensation expense (2) (7,735 ) (6,973 ) (16,562 ) (12,421 ) Loss on extinguishment of debt (3) (3,743 ) (831 ) (3,743 ) (831 ) Transaction costs and credit facility fees (4) (1,592 ) (5,172 ) (2,581 ) (6,086 ) Business optimization and other charges (5) (1,590 ) - (2,749 ) (159 ) Other 601 (309 ) 890 (577 ) Income before provision for income taxes $ 203,463 $ 174,271 $ 348,967 $ 359,584 ( 1 Includes gains/losses on disposals of assets and sales of certain investments, unrealized mark-to-market adjustments on commodity contracts, certain foreign currency related adjustments, and certain purchase accounting and contingent consideration adjustments. ( 2 Represents share-based compensation expense to account for stock options, restricted stock, and other stock awards over their respective vesting periods. ( 3 Represents the non-cash write-off of original issue discount and deferred financing costs due primarily to a voluntary prepayment of Term Loan debt. ( 4 Represents transaction costs incurred directly in connection with any investment, as defined in our credit agreement, equity issuance, debt issuance, or refinancing, together with certain fees relating to our senior secured credit facilities. ( 5 The current year period predominantly represents severance and other non-recurring restructuring charges related to the suspension of operations at certain of our facilities. The Company’s sales in the U.S. represented approximately 82% of total sales for the three June 30, 2022 2021. six June 30, 2022 2021, June 30, 2022 December 31, 2021

Note 8 - Balance Sheet Details

Note 8 - Balance Sheet Details	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Supplemental Balance Sheet Disclosures [Text Block]	8 . Balance Sheet Details Inventories consist of the following: June 30, December 31, 2022 2021 Raw material $ 766,235 $ 727,162 Work-in-process 14,034 10,756 Finished goods 460,255 351,787 Total $ 1,240,524 $ 1,089,705 Property and equipment consists of the following: June 30, December 31, 2022 2021 Land and improvements $ 26,147 $ 26,137 Buildings and improvements 235,438 244,273 Machinery and equipment 208,004 186,611 Dies and tools 33,880 31,581 Vehicles 8,572 7,621 Office equipment and systems 141,736 125,048 Leasehold improvements 6,264 5,679 Construction in progress 42,350 47,601 Gross property and equipment 702,391 674,551 Accumulated depreciation (256,384 ) (233,699 ) Total $ 446,007 $ 440,852 Total property and equipment included finance leases of $26,383 and $36,776 on June 30, 2022 December 31, 2021

Note 9 - Product Warranty Oblig

Note 9 - Product Warranty Obligations	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	9. 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 June 30, Six Months Ended June 30, 2022 2021 2022 2021 Balance at beginning of period $ 101,491 $ 65,297 $ 94,213 $ 59,218 Payments (18,434 ) (9,282 ) (31,458 ) (19,061 ) Provision for warranty issued 21,668 17,164 43,093 31,994 Changes in estimates for pre-existing warranties 5,613 1,579 4,490 2,607 Balance at end of period $ 110,338 $ 74,758 $ 110,338 $ 74,758 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, 2022 2021 2022 2021 Balance at beginning of period $ 115,923 $ 93,182 $ 111,647 $ 89,788 Deferred revenue contracts issued 11,332 12,168 20,878 20,199 Amortization of deferred revenue contracts (5,357 ) (4,866 ) (10,627 ) (9,503 ) Balance at end of period $ 121,898 $ 100,484 $ 121,898 $ 100,484 The timing of recognition of the Company’s deferred revenue balance related to extended warranties as of June 30, 2022 Remainder of 2022 $ 10,929 2023 23,300 2024 22,741 2025 19,314 2026 15,263 After 2026 30,351 Total $ 121,898 Standard product warranty obligations and extended warranty related deferred revenues are included in the condensed consolidated balance sheets as follows: June 30, December 31, 2022 2021 Product warranty liability Current portion - other accrued liabilities $ 68,405 $ 59,052 Long-term portion - other long-term liabilities 41,933 35,161 Total $ 110,338 $ 94,213 Deferred revenue related to extended warranties Current portion - other accrued liabilities $ 22,503 $ 20,556 Long-term portion - other long-term liabilities 99,395 91,091 Total $ 121,898 $ 111,647

Note 10 - Contract Balances

Note 10 - Contract Balances	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	10. 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 $28,933 and $27,388 on June 30, 2022 December 31, 2021 six June 30, 2022 December 31, 2021 one

Note 11 - Credit Agreements

Note 11 - Credit Agreements	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	11 . Credit Agreements Short-term borrowings are included in the condensed consolidated balance sheets as follows: June 30, December 31, 2022 2021 ABL Facility $ - $ - Other lines of credit 77,514 72,035 Total $ 77,514 $ 72,035 As of June 30, 2022 December 31, 2021 Long-term borrowings are included in the condensed consolidated balance sheets as follows: June 30, December 31, 2022 2021 Tranche A Term Loan $ 750,000 $ - Tranche B Term Loan 530,000 780,000 Original issue discount and deferred financing costs (18,515 ) (13,215 ) ABL Facility - 100,000 Revolver - - Finance lease obligation 27,600 39,175 Other 1,088 2,060 Total 1,290,173 908,020 Less: current portion of debt 808 1,721 Less: current portion of finance lease obligation 2,866 4,208 Total $ 1,286,499 $ 902,091 The Company’s credit agreements originally provided for a $1,200,000 term loan B credit facility (Tranche B Term Loan Facility) and include a $300,000 uncommitted incremental term loan on that facility. The maturity date of the Tranche B Term Loan Facility is currently December 13, 2026. There are no The Tranche B Term Loan Facility does not 1.00 June 30, 2022 1.00 no The Company’s credit agreements also provided for a $500,000 senior secured ABL revolving credit facility (ABL Facility). ABL Facility borrowings initially bore interest at rates based upon either a base rate plus an applicable margin of 1.00% or adjusted LIBOR rate plus an applicable margin of 2.00%, in each case, subject to adjustments based upon average availability under the ABL Facility. In May 2021, June 12, 2023 May 27, 2026 ( second 2021. In May 2021, second 2021 In June 2022, June 29, 2027. second 2022 The Tranche A Term Loan Facility is repayable in quarterly installments of 0.0% of the original principal amount for each of the fiscal quarters ending June 30, 2022 June 30, 2023, September 30, 2023 June 30, 2024, September 30, 2024 June 30, 2025, September 30, 2025 June 30, 2026, September 30, 2026 March 31, 2027, The Tranche A Term Loan Facility and the Revolving Facility initially bear interest at a rate based upon adjusted SOFR plus an applicable margin of 1.5% through December 31, 2022, January 1, 2023, The Tranche A Term Loan Facility and the Revolving Facility added certain financial covenants that require the Company to maintain a total leverage below 3.75 to 1.00 1.00. June 30, 2022 1.00 1.00. June 30, 2022. The Tranche B Term Loan Facility, Tranche A Term Loan Facility and Revolving Facility are guaranteed by substantially all of the Company’s wholly-owned domestic restricted subsidiaries and are secured by associated collateral agreements which pledge a first In connection with the June 2022 470 50, not, As of June 30, 2022

Note 12 - Stock Repurchase Prog

Note 12 - Stock Repurchase Program	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Treasury Stock [Text Block]	12 . Stock Repurchase Program In September 2020, October 27, 2020, may may may may three six June 30, 2022 2021. August 2015),

Note 13 - Earnings Per Share

Note 13 - Earnings Per Share	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Earnings Per Share [Text Block]	13. 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 as well as the satisfaction of certain contingent consideration conditions as of the end of the period. 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, 2022 2021 2022 2021 Numerator Net income attributable to Generac Holdings Inc. $ 156,359 $ 127,036 $ 270,217 $ 276,029 Redeemable noncontrolling interest redemption value adjustment (13,645 ) 1,747 (25,592 ) 1,870 Net income attributable to common shareholders $ 142,714 $ 128,783 $ 244,625 $ 277,899 Denominator Weighted average shares, basic 63,662,510 62,605,166 63,607,711 62,533,725 Dilutive effect of stock compensation awards (1) 1,040,295 1,483,543 1,180,348 1,563,653 Dilutive effect of contingently issued shares 10,943 - 10,943 - Diluted shares 64,713,748 64,088,709 64,799,002 64,097,378 Net income attributable to common shareholders per share Basic $ 2.24 $ 2.06 $ 3.85 $ 4.44 Diluted $ 2.21 $ 2.01 $ 3.78 $ 4.34 ( 1 33,000 three six June 30, 2022, three six June 30, 2021.

Note 14 - Income Taxes

Note 14 - Income Taxes	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	14 . Income Taxes The effective income tax rates for the six June 30, 2022 2021 second six June 30, 2021

Note 15 - Commitments and Conti

Note 15 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	15 . 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, 2022 December 31, 2021 From time to time, the Company is involved in legal proceedings primarily involving product liability, regulatory, and employment matters, as well as general commercial disputes arising in the ordinary course of our business. As of June 30, 2022, no

Note 16 - Subsequent Events

Note 16 - Subsequent Events	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Subsequent Events [Text Block]	16. Subsequent to June 30, 2022, July 29, 2022, August 5, 2022,

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	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 issued were assessed and have already been adopted in a prior period or determined to be either not not

Note 2 - Acquisitions (Tables)

Note 2 - Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Consideration Transferred for Business Acquisitions [Table Text Block]	Cash paid at closing $ 11,821 Deferred cash payment (1) 6,000 Common stock issued at closing 12,000 Contingent consideration (2) 31,308 Total purchase price $ 61,129 Cash paid at closing $ 225,458 Common stock issued at closing 420,774 Contingent consideration (1) 89,400 Total purchase price $ 735,632
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Deep Sea ecobee All Other Total Accounts receivable $ 9,574 $ 23,337 $ 13,852 $ 46,763 Inventories 9,970 7,258 7,034 24,262 Prepaid expenses and other assets 1,181 5,689 6,594 13,464 Property and equipment 8,838 3,588 480 12,906 Intangible assets 174,270 555,400 81,171 810,841 Goodwill 263,604 243,346 80,871 587,821 Deferred income taxes - 46,721 6,547 53,268 Other assets 151 11,722 8,526 20,399 Total assets acquired 467,588 897,061 205,075 1,569,724 Accounts payable 8,998 25,968 7,473 42,439 Accrued wages and employee benefits 2,106 1,354 872 4,332 Other accrued liabilities 1,737 19,898 18,258 39,893 Short-term borrowings - - 800 800 Current portion of long-term debt - - 233 233 Deferred income taxes 33,957 80,447 19,930 134,334 Other long-term liabilities 90 33,762 7,862 41,714 Long-term borrowings and finance lease obligations - - 1,624 1,624 Net assets acquired $ 420,700 $ 735,632 $ 148,023 $ 1,304,355

Note 3 - Redeemable Noncontro_2

Note 3 - Redeemable Noncontrolling Interest (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Redeemable Noncontrolling Interest [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Balance at beginning of period $ 71,511 $ 63,254 $ 58,050 $ 66,207 Net income 816 672 3,672 1,693 Foreign currency translation (3,228 ) 2,230 (4,109 ) (1,621 ) Purchase of additional ownership interest 86 (27,164 ) (375 ) (27,164 ) Redemption value adjustment 13,645 (1,747 ) 25,592 (1,870 ) Balance at end of period $ 82,830 $ 37,245 $ 82,830 $ 37,245

Note 4 - Derivative Instrumen_2

Note 4 - Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule Of Derivative Assets (Liabilities) at Fair Value [Table Text Block]	June 30, 2022 December 31, 2021 Commodity contracts $ (157 ) $ - Foreign currency contracts 130 (36 ) Interest rate swaps 32,517 (2,074 )

Note 5 - Fair Value Measureme_2

Note 5 - Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block]	Beginning balance, January 1, 2022 $ 146,759 Changes in fair value (2,641 ) Present value interest accretion 1,383 Currency translation (2,405 ) Ending balance, June 30, 2022 $ 143,096

Note 6 - Accumulated Other Co_2

Note 6 - Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Foreign Currency Translation Adjustments Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – April 1, 2022 $ (63,079 ) $ 16,677 $ (46,402 ) Other comprehensive income (loss) before reclassifications (43,566 ) (1) 7,129 (2) (36,437 ) Amounts reclassified from AOCL - - - Net current-period other comprehensive income (loss) (43,566 ) 7,129 (36,437 ) Ending Balance – June 30, 2022 $ (106,645 ) $ 23,806 $ (82,839 ) Foreign Currency Translation Adjustments Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – April 1, 2021 $ (23,914 ) $ (7,585 ) $ (31,499 ) Other comprehensive income (loss) before reclassifications (3,332 ) (2,752 ) (3) (6,084 ) Amounts reclassified from AOCL - - - Net current-period other comprehensive income (loss) (3,332 ) (2,752 ) (6,084 ) Ending Balance – June 30, 2021 $ (27,246 ) $ (10,337 ) $ (37,583 ) Foreign Currency Translation Adjustments Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – January 1, 2022 $ (52,704 ) $ (2,051 ) $ (54,755 ) Other comprehensive income (loss) before reclassifications (53,941 ) (4) 25,857 (5) (28,084 ) Amounts reclassified from AOCL - - - Net current-period other comprehensive income (loss) (53,941 ) 25,857 (28,084 ) Ending Balance – June 30, 2022 $ (106,645 ) $ 23,806 $ (82,839 ) Foreign Currency Translation Adjustments Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – January 1, 2021 $ (11,674 ) $ (22,580 ) $ (34,254 ) Other comprehensive income (loss) before reclassifications (15,572 ) (6) 12,243 (7) (3,329 ) Amounts reclassified from AOCL - - - Net current-period other comprehensive income (loss) (15,572 ) 12,243 (3,329 ) Ending Balance – June 30, 2021 $ (27,246 ) $ (10,337 ) $ (37,583 )

Note 7 - Segment Reporting (Tab

Note 7 - Segment Reporting (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Disaggregation of Revenue [Table Text Block]	Net Sales by Segment Three Months Ended June 30, 2022 Product Classes Domestic International Total Residential products $ 860,014 $ 35,999 $ 896,013 Commercial & industrial products 173,549 135,799 309,348 Other 73,868 12,162 86,030 Total net sales $ 1,107,431 $ 183,960 $ 1,291,391 Net Sales by Segment Three Months Ended June 30, 2021 Product Classes Domestic International Total Residential products $ 583,341 $ 16,650 $ 599,991 Commercial & industrial products 143,654 110,641 254,295 Other 57,151 8,544 65,695 Total net sales $ 784,146 $ 135,835 $ 919,981 Net Sales by Segment Six Months Ended June 30, 2022 Product Classes Domestic International Total Residential products $ 1,610,341 $ 62,616 $ 1,672,957 Commercial & industrial products 319,286 268,791 588,077 Other 142,478 23,735 166,213 Total net sales $ 2,072,105 $ 355,142 $ 2,427,247 Net Sales by Segment Six Months Ended June 30, 2021 Product Classes Domestic International Total Residential products $ 1,105,556 $ 36,584 $ 1,142,140 Commercial & industrial products 261,533 195,153 456,686 Other 109,795 18,794 128,589 Total net sales $ 1,476,884 $ 250,531 $ 1,727,415
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Three Months Ended June 30, 2022 Three Months Ended June 30, 2021 Domestic International Eliminations Total Domestic International Eliminations Total External net sales $ 1,107,431 $ 183,960 $ - $ 1,291,391 $ 784,146 $ 135,835 $ - $ 919,981 Intersegment sales 18,987 19,334 (38,321 ) - 8,798 6,549 (15,347 ) - Total sales $ 1,126,418 $ 203,294 $ (38,321 ) $ 1,291,391 $ 792,944 $ 142,384 $ (15,347 ) $ 919,981 Six Months Ended June 30, 2022 Six Months Ended June 30, 2021 Domestic International Eliminations Total Domestic International Eliminations Total External net sales $ 2,072,105 $ 355,142 $ - $ 2,427,247 $ 1,476,884 $ 250,531 $ - $ 1,727,415 Intersegment sales 29,257 33,659 (62,916 ) - 15,479 8,552 (24,031 ) - Total sales $ 2,101,362 $ 388,801 $ (62,916 ) $ 2,427,247 $ 1,492,363 $ 259,083 $ (24,031 ) $ 1,727,415
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Adjusted EBITDA Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Domestic $ 241,928 $ 203,931 $ 412,349 $ 411,004 International 29,534 13,748 55,526 20,869 Total adjusted EBITDA $ 271,462 $ 217,679 $ 467,875 $ 431,873 Interest expense (10,235 ) (7,721 ) (19,789 ) (15,444 ) Depreciation and amortization (39,098 ) (21,229 ) (77,559 ) (39,466 ) Non-cash write-down and other adjustments (1) (4,607 ) (1,173 ) 3,185 2,695 Non-cash share-based compensation expense (2) (7,735 ) (6,973 ) (16,562 ) (12,421 ) Loss on extinguishment of debt (3) (3,743 ) (831 ) (3,743 ) (831 ) Transaction costs and credit facility fees (4) (1,592 ) (5,172 ) (2,581 ) (6,086 ) Business optimization and other charges (5) (1,590 ) - (2,749 ) (159 ) Other 601 (309 ) 890 (577 ) Income before provision for income taxes $ 203,463 $ 174,271 $ 348,967 $ 359,584

Note 8 - Balance Sheet Details

Note 8 - Balance Sheet Details (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Inventory, Current [Table Text Block]	June 30, December 31, 2022 2021 Raw material $ 766,235 $ 727,162 Work-in-process 14,034 10,756 Finished goods 460,255 351,787 Total $ 1,240,524 $ 1,089,705
Property, Plant and Equipment [Table Text Block]	June 30, December 31, 2022 2021 Land and improvements $ 26,147 $ 26,137 Buildings and improvements 235,438 244,273 Machinery and equipment 208,004 186,611 Dies and tools 33,880 31,581 Vehicles 8,572 7,621 Office equipment and systems 141,736 125,048 Leasehold improvements 6,264 5,679 Construction in progress 42,350 47,601 Gross property and equipment 702,391 674,551 Accumulated depreciation (256,384 ) (233,699 ) Total $ 446,007 $ 440,852

Note 9 - Product Warranty Obl_2

Note 9 - Product Warranty Obligations (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Balance at beginning of period $ 101,491 $ 65,297 $ 94,213 $ 59,218 Payments (18,434 ) (9,282 ) (31,458 ) (19,061 ) Provision for warranty issued 21,668 17,164 43,093 31,994 Changes in estimates for pre-existing warranties 5,613 1,579 4,490 2,607 Balance at end of period $ 110,338 $ 74,758 $ 110,338 $ 74,758 Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Balance at beginning of period $ 115,923 $ 93,182 $ 111,647 $ 89,788 Deferred revenue contracts issued 11,332 12,168 20,878 20,199 Amortization of deferred revenue contracts (5,357 ) (4,866 ) (10,627 ) (9,503 ) Balance at end of period $ 121,898 $ 100,484 $ 121,898 $ 100,484
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]	Remainder of 2022 $ 10,929 2023 23,300 2024 22,741 2025 19,314 2026 15,263 After 2026 30,351 Total $ 121,898
Product Warranty Obligations Included In Consolidated Balance Sheet [Table Text Block]	June 30, December 31, 2022 2021 Product warranty liability Current portion - other accrued liabilities $ 68,405 $ 59,052 Long-term portion - other long-term liabilities 41,933 35,161 Total $ 110,338 $ 94,213 Deferred revenue related to extended warranties Current portion - other accrued liabilities $ 22,503 $ 20,556 Long-term portion - other long-term liabilities 99,395 91,091 Total $ 121,898 $ 111,647

Note 11 - Credit Agreements (Ta

Note 11 - Credit Agreements (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Short-Term Debt [Table Text Block]	June 30, December 31, 2022 2021 ABL Facility $ - $ - Other lines of credit 77,514 72,035 Total $ 77,514 $ 72,035
Schedule of Long-Term Debt Instruments [Table Text Block]	June 30, December 31, 2022 2021 Tranche A Term Loan $ 750,000 $ - Tranche B Term Loan 530,000 780,000 Original issue discount and deferred financing costs (18,515 ) (13,215 ) ABL Facility - 100,000 Revolver - - Finance lease obligation 27,600 39,175 Other 1,088 2,060 Total 1,290,173 908,020 Less: current portion of debt 808 1,721 Less: current portion of finance lease obligation 2,866 4,208 Total $ 1,286,499 $ 902,091

Note 13 - Earnings Per Share (T

Note 13 - Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Numerator Net income attributable to Generac Holdings Inc. $ 156,359 $ 127,036 $ 270,217 $ 276,029 Redeemable noncontrolling interest redemption value adjustment (13,645 ) 1,747 (25,592 ) 1,870 Net income attributable to common shareholders $ 142,714 $ 128,783 $ 244,625 $ 277,899 Denominator Weighted average shares, basic 63,662,510 62,605,166 63,607,711 62,533,725 Dilutive effect of stock compensation awards (1) 1,040,295 1,483,543 1,180,348 1,563,653 Dilutive effect of contingently issued shares 10,943 - 10,943 - Diluted shares 64,713,748 64,088,709 64,799,002 64,097,378 Net income attributable to common shareholders per share Basic $ 2.24 $ 2.06 $ 3.85 $ 4.44 Diluted $ 2.21 $ 2.01 $ 3.78 $ 4.34

Note 2 - Acquisitions (Details

Note 2 - Acquisitions (Details Textual) - USD ($) $ in Thousands					6 Months Ended		12 Months Ended
	Dec. 01, 2021	Sep. 01, 2021	Jul. 02, 2021	Jun. 01, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Payments to Acquire Businesses, Net of Cash Acquired, Total					$ 11,421	$ 419,017
Goodwill, Ending Balance					1,388,051		$ 1,409,674
Acquisition of Deep Sea [Member]
Payments to Acquire Businesses, Net of Cash Acquired, Total				$ 420,700
Business Acquisition, Purchase Price Allocation, Intangible Assets Including Goodwill					437,874
Goodwill, Ending Balance					263,604		263,604
Acquisition of Chilicon [Member]
Business Acquisition, Purchase Price Allocation, Intangible Assets Including Goodwill					70,174
Goodwill, Ending Balance					36,974
Business Combination, Consideration Transferred, Total			$ 61,129
Acquisition of Off Grid Energy [Member]
Payments to Acquire Businesses, Net of Cash Acquired, Total		$ 56,949
Business Acquisition, Purchase Price Allocation, Intangible Assets Including Goodwill		56,076
Goodwill, Ending Balance		21,531
Business Combination, Contingent Consideration, Liability, Total		$ 29,054
Other 2021 Acquisitions [Member]
Payments to Acquire Businesses, Net of Cash Acquired, Total	$ 735,632						$ 29,945
Business Acquisition, Purchase Price Allocation, Intangible Assets Including Goodwill					798,746
Goodwill, Ending Balance					$ 243,346

Note 2 - Acquisitions - The Com

Note 2 - Acquisitions - The Combined Fair Value of the Consideration Transferred for These Acquisitions (Details) - USD ($) $ in Thousands		Dec. 01, 2021	Jul. 02, 2021
Acquisition of Chilicon [Member]
Cash paid at closing			$ 11,821
Deferred cash payment (1)	[1]		6,000
Common stock issued at closing			12,000
Contingent consideration (2)	[2]		31,308
Total purchase price			$ 61,129
ecobee Inc. [Member]
Cash paid at closing		$ 225,458
Common stock issued at closing		420,774
Contingent consideration (2)	[3]	89,400
Total purchase price		$ 735,632
[1]Payable on the third business day after December 31, 2023.[2]Payable within 45 calendar days following the conclusion of the earnout period, December 31, 2025. To be paid in the form of common stock issued upon achievement of certain performance targets at the end of the earnout period.[3]To be paid in the form of common stock issued upon achievement of certain performance targets following the end of each of two earnout periods, one ended June 30, 2022, and one ending June 30, 2023.

Note 2 - Acquisitions - Prelimi

Note 2 - Acquisitions - Preliminary Price Allocation (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Goodwill	$ 1,388,051	$ 1,409,674
Acquisition of Deep Sea [Member]
Accounts receivable		9,574
Inventories		9,970
Prepaid expenses and other assets		1,181
Property and equipment		8,838
Intangible assets		174,270
Goodwill	$ 263,604	263,604
Deferred income taxes		0
Other assets		151
Total assets acquired		467,588
Accounts payable		8,998
Accrued wages and employee benefits		2,106
Other accrued liabilities		1,737
Short-term borrowings		0
Current portion of long-term debt		0
Deferred income taxes liability		33,957
Other long-term liabilities		90
Long-term borrowings and finance lease obligations		0
Net assets acquired		420,700
ecobee Inc. [Member]
Accounts receivable		23,337
Inventories		7,258
Prepaid expenses and other assets		5,689
Property and equipment		3,588
Intangible assets		555,400
Goodwill		243,346
Deferred income taxes		46,721
Other assets		11,722
Total assets acquired		897,061
Accounts payable		25,968
Accrued wages and employee benefits		1,354
Other accrued liabilities		19,898
Short-term borrowings		0
Current portion of long-term debt		0
Deferred income taxes liability		80,447
Other long-term liabilities		33,762
Long-term borrowings and finance lease obligations		0
Net assets acquired		735,632
All Other 2021 Acquisitions [Member]
Accounts receivable		13,852
Inventories		7,034
Prepaid expenses and other assets		6,594
Property and equipment		480
Intangible assets		81,171
Goodwill		80,871
Deferred income taxes		6,547
Other assets		8,526
Total assets acquired		205,075
Accounts payable		7,473
Accrued wages and employee benefits		872
Other accrued liabilities		18,258
Short-term borrowings		800
Current portion of long-term debt		233
Deferred income taxes liability		19,930
Other long-term liabilities		7,862
Long-term borrowings and finance lease obligations		1,624
Net assets acquired		148,023
The 2021 Acquisitions [Member]
Accounts receivable		46,763
Inventories		24,262
Prepaid expenses and other assets		13,464
Property and equipment		12,906
Intangible assets		810,841
Goodwill		587,821
Deferred income taxes		53,268
Other assets		20,399
Total assets acquired		1,569,724
Accounts payable		42,439
Accrued wages and employee benefits		4,332
Other accrued liabilities		39,893
Short-term borrowings		800
Current portion of long-term debt		233
Deferred income taxes liability		134,334
Other long-term liabilities		41,714
Long-term borrowings and finance lease obligations		1,624
Net assets acquired		$ 1,304,355

Note 3 - Redeemable Noncontro_3

Note 3 - Redeemable Noncontrolling Interest (Details Textual) - USD ($) $ in Thousands		1 Months Ended				6 Months Ended
	Feb. 01, 2019	May 31, 2022	Mar. 31, 2022	May 31, 2021	Feb. 28, 2019	Jun. 30, 2022	Jun. 30, 2021	Mar. 01, 2016
Payments for Repurchase of Redeemable Noncontrolling Interest						$ 375	$ 27,164
Pramac [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners				20%				35%
Captiva Energy Solutions [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	49%		34%
Pramac [Member]
Business Acquisition, Percentage of Voting Interests Acquired				15%				65%
Redeemable Noncontrolling Interest, Equity, Fair Value, Total								$ 34,253
Noncontrolling Interest Agreement, Extension of Term (Year)				3 years	5 years
Payments for Repurchase of Redeemable Noncontrolling Interest				$ 27,164
Business Combination, Step Acquisition, Equity Interest in Acquiree, including Subsequent Acquisition, Percentage, Total				80%
Captiva Energy Solutions [Member]
Business Acquisition, Percentage of Voting Interests Acquired	51%		15%
Redeemable Noncontrolling Interest, Equity, Fair Value, Total	$ 3,165
Payments for Repurchase of Redeemable Noncontrolling Interest			$ 461
Business Combination, Step Acquisition, Equity Interest in Acquiree, including Subsequent Acquisition, Percentage, Total		66%
Business Acquisition, Noncontrolling Interest, Term of Put Option (Year)	5 years
Business Acquisition, Term of Call Option (Year)	5 years
Captiva Energy Solutions [Member] | Amendment to Purchase Agreement [Member]
Payments for Repurchase of Redeemable Noncontrolling Interest		$ 375

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, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Redemption value adjustment	$ (13,645)	$ 1,747	$ (25,592)	$ 1,870
Redeemable Noncontrolling Interest [Member]
Balance	71,511	63,254	58,050	66,207
Net income	816	672	3,672	1,693
Foreign currency translation	(3,228)	2,230	(4,109)	(1,621)
Purchase of additional ownership interest	86	(27,164)	(375)	(27,164)
Redemption value adjustment	13,645	(1,747)	25,592	(1,870)
Balance	$ 82,830	$ 37,245	$ 82,830	$ 37,245

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, 2022 USD ($)	Mar. 31, 2022	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2017	Dec. 31, 2021 USD ($)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax, Total		$ 7,129		$ (2,752)	$ 25,857	$ 12,243
Derivative Assets (Liabilities), Net Fair Value of Derivative Contracts, Excluding Impact of Credit Risk				33,682		33,682		$ (2,148)
Commodity Contract [Member]
Derivative, Number of Instruments Held, Total								0
Interest Rate Swap [Member]
Number of New Contracts Entered	3		11				20
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax, Total		$ 7,129		$ 2,752	$ 25,857	$ 12,243

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, 2022	Dec. 31, 2021
Commodity contracts	$ (157)	$ 0
Foreign Exchange Contract [Member]
Commodity contracts	130	(36)
Interest Rate Swap [Member]
Commodity contracts	$ 32,517	$ (2,074)

Note 5 - Fair Value Measureme_3

Note 5 - Fair Value Measurements (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Other Accrued Liabilities [Member]
Business Combination, Contingent Consideration, Liability, Total	$ 67,596	$ 68,665
Other Long-term Liabilities [Member]
Business Combination, Contingent Consideration, Liability, Total	75,500	$ 78,094
Fair Value, Inputs, Level 2 [Member]
Debt Instrument, Fair Value Disclosure, Total	1,279,338
Term Loan [Member]
Long-Term Debt, Total	$ 1,268,716

Note 5 - Fair Value Measureme_4

Note 5 - Fair Value Measurements - Reconciliation of Contingent Consideration (Details) - Contingent Consideration Liability [Member] $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Beginning balance, January 1, 2022	$ 146,759
Changes in fair value	(2,641)
Present value interest accretion	1,383
Currency translation	(2,405)
Ending balance, June 30, 2022	$ 143,096

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, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Other Comprehensive Income (Loss), before Reclassifications, before Tax	$ 9,537	$ (3,682)	$ 34,591	$ 16,379
Other Comprehensive Income (Loss) before Reclassifications, Tax, Total	$ 2,408	$ 930	$ 8,734	$ 4,136

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, 2022		Jun. 30, 2021		Jun. 30, 2022		Jun. 30, 2021
Balance	$ 2,308,612		$ 1,524,569		$ 2,214,087		$ 1,390,204
Balance	2,419,762		1,655,938		2,419,762		1,655,938
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(63,079)		(23,914)		(52,704)		(11,674)
Other comprehensive income (loss) before reclassifications	(43,566)	[1]	(3,332)	[2]	(53,941)	[3]	(15,572)	[4]
Amounts reclassified from AOCL	0		0		0		0
Net current-period other comprehensive income (loss)	(43,566)		(3,332)		(53,941)		(15,572)
Balance	(106,645)		(27,246)		(106,645)		(27,246)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance	16,677		(7,585)		(2,051)		(22,580)
Other comprehensive income (loss) before reclassifications	7,129	[5]	(2,752)		25,857	[6]	12,243	[7]
Amounts reclassified from AOCL	0		0		0		0
Net current-period other comprehensive income (loss)	7,129		(2,752)		25,857		12,243
Balance	23,806		(10,337)		23,806		(10,337)
AOCI Attributable to Parent [Member]
Balance	(46,402)		(31,499)		(54,755)		(34,254)
Other comprehensive income (loss) before reclassifications	(36,437)		(6,084)		(28,084)		(3,329)
Amounts reclassified from AOCL	0		0		0		0
Net current-period other comprehensive income (loss)	(36,437)		(6,084)		(28,084)		(3,329)
Balance	$ (82,839)		$ (37,583)		$ (82,839)		$ (37,583)
[1]Represents unfavorable impact from the strengthening of the U.S. dollar against foreign currencies during the three months ended June 30, 2022, particularly the Euro and British Pound.[2]Represents unfavorable impact from the strengthening of the U.S. dollar against foreign currencies during the three months ended March 31, 2021 particularly the Euro and Mexican Peso.[3]Represents unfavorable impact from the strengthening of the U.S. dollar against foreign currencies during the six months ended June 30, 2022, particularly the Euro and British Pound.[4]Represents unfavorable impact from the strengthening of the U.S. dollar against foreign currencies during the six months ended June 30, 2021 particularly the Euro and British Pound.[5]Represents unrealized gains of $9,537 on the interest rate swaps, net of tax effect of $(2,408) for the three months ended June 30, 2022.[6]Represents unrealized gains of $34,591 on the interest rate swaps, net of tax effect of $(8,734) for the six months ended June 30, 2022.[7]Represents unrealized gains of $16,379 on the interest rate swaps, net of tax effect of $(4,136) for the six months ended June 30, 2021.

Note 7 - Segment Reporting (Det

Note 7 - Segment Reporting (Details Textual)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Number of Reportable Segments			2
Geographic Concentration Risk [Member] | Revenue Benchmark [Member] | UNITED STATES
Concentration Risk, Percentage	82%	82%	82%	83%
Geographic Concentration Risk [Member] | Net Assets, Geographic Area [Member] | UNITED STATES
Concentration Risk, Percentage			77%		75%

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, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net sales	$ 1,291,391	$ 919,981	$ 2,427,247	$ 1,727,415
Residential Power Products [Member]
Net sales	896,013	599,991	1,672,957	1,142,140
Commercial and Industrial Power Products [Member]
Net sales	309,348	254,295	588,077	456,686
Other Products and Services [Member]
Net sales	86,030	65,695	166,213	128,589
Domestic [Member]
Net sales	1,107,431	784,146	2,072,105	1,476,884
Domestic [Member] | Residential Power Products [Member]
Net sales	860,014	583,341	1,610,341	1,105,556
Domestic [Member] | Commercial and Industrial Power Products [Member]
Net sales	173,549	143,654	319,286	261,533
Domestic [Member] | Other Products and Services [Member]
Net sales	73,868	57,151	142,478	109,795
International [Member]
Net sales	183,960	135,835	355,142	250,531
International [Member] | Residential Power Products [Member]
Net sales	35,999	16,650	62,616	36,584
International [Member] | Commercial and Industrial Power Products [Member]
Net sales	135,799	110,641	268,791	195,153
International [Member] | Other Products and Services [Member]
Net sales	$ 12,162	$ 8,544	$ 23,735	$ 18,794

Note 7 - Segment Reporting - To

Note 7 - Segment Reporting - Total Sales by Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Total sales	$ 1,291,391	$ 919,981	$ 2,427,247	$ 1,727,415
External Net Sales [Member]
Total sales	1,291,391	919,981	2,427,247	1,727,415
Intersegment Sales [Member]
Total sales	0	0	0	0
Intersegment Eliminations [Member]
Total sales	(38,321)	(15,347)	(62,916)	(24,031)
Intersegment Eliminations [Member] | External Net Sales [Member]
Total sales	0	0	0	0
Intersegment Eliminations [Member] | Intersegment Sales [Member]
Total sales	(38,321)	(15,347)	(62,916)	(24,031)
Domestic [Member]
Total sales	1,107,431	784,146	2,072,105	1,476,884
Domestic [Member] | Operating Segments [Member]
Total sales	1,126,418	792,944	2,101,362	1,492,363
Domestic [Member] | Operating Segments [Member] | External Net Sales [Member]
Total sales	1,107,431	784,146	2,072,105	1,476,884
Domestic [Member] | Operating Segments [Member] | Intersegment Sales [Member]
Total sales	18,987	8,798	29,257	15,479
International [Member]
Total sales	183,960	135,835	355,142	250,531
International [Member] | Operating Segments [Member]
Total sales	203,294	142,384	388,801	259,083
International [Member] | Operating Segments [Member] | External Net Sales [Member]
Total sales	183,960	135,835	355,142	250,531
International [Member] | Operating Segments [Member] | Intersegment Sales [Member]
Total sales	$ 19,334	$ 6,549	$ 33,659	$ 8,552

Note 7 - Segment Reporting - Se

Note 7 - Segment Reporting - Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended					6 Months Ended
		Jun. 30, 2022	Jun. 30, 2022		Jun. 30, 2021		Jun. 30, 2022		Jun. 30, 2021
Total adjusted EBITDA			$ 271,462		$ 217,679		$ 467,875		$ 431,873
Interest expense		$ (10,235)	(10,235)		(7,721)		(19,789)		(15,444)
Depreciation and amortization			(39,098)		(21,229)		(77,559)		(39,466)
Non-cash write-down and other adjustments (1)	[1]		(4,607)		(1,173)		3,185		2,695
Non-cash share-based compensation expense (2)	[2]		(7,735)		(6,973)		(16,562)		(12,421)
Loss on extinguishment of debt		3,743	3,743	[3]	831	[3]	3,743	[3]	831	[3]
Transaction costs and credit facility fees (4)	[4]		(1,592)		(5,172)		(2,581)		(6,086)
Business optimization and other charges (5)	[5]		(1,590)		0		(2,749)		(159)
Other			601		(309)		890		(577)
Income before provision for income taxes		$ 203,463	203,463		174,271		348,967		359,584
Domestic [Member]
Total adjusted EBITDA			241,928		203,931		412,349		411,004
International [Member]
Total adjusted EBITDA			$ 29,534		$ 13,748		$ 55,526		$ 20,869
[1]Includes gains/losses on disposals of assets and sales of certain investments, unrealized mark-to-market adjustments on commodity contracts, certain foreign currency related adjustments, and certain purchase accounting and contingent consideration adjustments.[2]Represents share-based compensation expense to account for stock options, restricted stock, and other stock awards over their respective vesting periods.[3]Represents the non-cash write-off of original issue discount and deferred financing costs due primarily to a voluntary prepayment of Term Loan debt.[4]Represents transaction costs incurred directly in connection with any investment, as defined in our credit agreement, equity issuance, debt issuance, or refinancing, together with certain fees relating to our senior secured credit facilities.[5]The current year period predominantly represents severance and other non-recurring restructuring charges related to the suspension of operations at certain of our facilities.

Note 8 - Balance Sheet Detail_2

Note 8 - Balance Sheet Details (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Finance Lease, Right-of-Use Asset, after Accumulated Amortization, Total	$ 26,383	$ 36,776

Note 8 - Balance Sheet Detail_3

Note 8 - Balance Sheet Details - Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Raw material	$ 766,235	$ 727,162
Work-in-process	14,034	10,756
Finished goods	460,255	351,787
Total	$ 1,240,524	$ 1,089,705

Note 8 - Balance Sheet Detail_4

Note 8 - Balance Sheet Details - Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Property and equipment, gross	$ 702,391	$ 674,551
Accumulated depreciation	(256,384)	(233,699)
Total	446,007	440,852
Land and Land Improvements [Member]
Property and equipment, gross	26,147	26,137
Building and Building Improvements [Member]
Property and equipment, gross	235,438	244,273
Machinery and Equipment [Member]
Property and equipment, gross	208,004	186,611
Dies and Tools [Member]
Property and equipment, gross	33,880	31,581
Vehicles [Member]
Property and equipment, gross	8,572	7,621
Office Equipment [Member]
Property and equipment, gross	141,736	125,048
Leasehold Improvements [Member]
Property and equipment, gross	6,264	5,679
Construction in Progress [Member]
Property and equipment, gross	$ 42,350	$ 47,601

Note 9 - Product Warranty Obl_3

Note 9 - Product Warranty Obligations (Details Textual)	6 Months Ended
	Jun. 30, 2022
Minimum [Member]
Extended Warranty Term (Year)	5 years
Maximum [Member]
Extended Warranty Term (Year)	10 years

Note 9 - Product Warranty Obl_4

Note 9 - Product Warranty Obligations - Reconciliation of Product Warranty Liability (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Balance at beginning of period	$ 101,491	$ 65,297	$ 94,213	$ 59,218
Payments	(18,434)	(9,282)	(31,458)	(19,061)
Provision for warranty issued	21,668	17,164	43,093	31,994
Changes in estimates for pre-existing warranties	5,613	1,579	4,490	2,607
Balance at end of period	110,338	74,758	110,338	74,758
Balance at beginning of period	115,923	93,182	111,647	89,788
Deferred revenue contracts issued	11,332	12,168	20,878	20,199
Amortization of deferred revenue contracts	(5,357)	(4,866)	(10,627)	(9,503)
Balance at end of period	$ 121,898	$ 100,484	$ 121,898	$ 100,484

Note 9 - Product Warranty Obl_5

Note 9 - Product Warranty Obligations - Recognition of Deferred Revenue Related to Extended Warranties (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Revenue performance obligation	$ 121,898

Note 9 - Product Warranty Obl_6

Note 9 - Product Warranty Obligations - Recognition of Deferred Revenue Related to Extended Warranties 2 (Details) $ in Thousands	Jun. 30, 2022 USD ($)
Revenue performance obligation	$ 121,898
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue performance obligation	10,929
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue performance obligation	23,300
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue performance obligation	22,741
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue performance obligation	19,314
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue performance obligation	15,263
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue performance obligation	$ 30,351

Note 9 - Product Warranty Obl_7

Note 9 - Product Warranty Obligations - Recognition of Deferred Revenue Related to Extended Warranties (Details) (Parentheticals)	Jun. 30, 2022
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-07-01
Revenue performance period (Year)	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue performance period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue performance period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue performance period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue performance period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue performance period (Year)	1 year

Note 9 - Product Warranty Obl_8

Note 9 - Product Warranty Obligations - Deferred Product Obligations (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Current portion - other accrued liabilities	$ 68,405		$ 59,052
Long-term portion - other long-term liabilities	41,933		35,161
Total	110,338	$ 101,491	94,213	$ 74,758	$ 65,297	$ 59,218
Current portion - other accrued liabilities	22,503		20,556
Long-term portion - other long-term liabilities	99,395		91,091
Total	$ 121,898	$ 115,923	$ 111,647	$ 100,484	$ 93,182	$ 89,788

Note 10 - Contract Balances (De

Note 10 - Contract Balances (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Contract with Customer, Liability, Total	$ 28,933	$ 27,388
Contract with Customer, Liability, Revenue Recognized	$ 21,470

Note 11 - Credit Agreements (De

Note 11 - Credit Agreements (Details Textual) $ in Thousands			1 Months Ended			3 Months Ended					6 Months Ended					9 Months Ended			12 Months Ended
	Jan. 01, 2023	May 31, 2013 USD ($)	Jun. 30, 2022 USD ($)	May 31, 2021 USD ($)	May 31, 2015	Jun. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)		Jun. 30, 2021 USD ($)		Mar. 31, 2027	Jun. 30, 2022 USD ($)		Jun. 30, 2021 USD ($)	[1]	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2021 USD ($)	May 01, 2021 USD ($)
Gain (Loss) on Extinguishment of Debt, Total						$ (3,743)	$ (3,743)	[1]	$ (831)	[1]		$ (3,743)	[1]	$ (831)
ABL Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity			$ 500,000	$ 500,000		500,000	500,000					500,000									$ 300,000
Line of Credit Facility, Incremental Capacity				200,000																	$ 100,000
Debt Issuance Costs, Net, Total				920
Proceeds from Long-term Lines of Credit				$ 50,000
Write off of Deferred Debt Issuance Cost			197
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity			1,250,000			1,250,000	1,250,000					1,250,000
Debt Issuance Costs, Net, Total			$ 10,330			10,330	10,330					10,330
Covenant Maximum Total Leverage Ratio			3.75
Covenant Minimum Interest Coverage Ratio			3
Total Leverage Ratio			1.18
Interest Coverage Ratio			25.56
Debt Instrument, Fee Amount			$ 800			800	800					800
Long-Term Line of Credit, Total			0			0	0					0
Line of Credit Facility, Remaining Borrowing Capacity			$ 1,249,480			$ 1,249,480	$ 1,249,480					$ 1,249,480
Base Rate [Member] | ABL Revolving Credit Facility [Member]
Debt Instrument, Basis Spread on Variable Rate					1%
Base Rate [Member] | Maximum [Member] | ABL Revolving Credit Facility [Member]
Debt Instrument, Basis Spread on Variable Rate				0.25%
Base Rate [Member] | Minimum [Member] | ABL Revolving Credit Facility [Member]
Debt Instrument, Basis Spread on Variable Rate				0%
Adjusted LIBOR Rate [Member] | ABL Revolving Credit Facility [Member]
Debt Instrument, Basis Spread on Variable Rate					2%
London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member] | ABL Revolving Credit Facility [Member]
Debt Instrument, Basis Spread on Variable Rate				1.25%
London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member] | ABL Revolving Credit Facility [Member]
Debt Instrument, Basis Spread on Variable Rate				1%
Tranche B Term Loan Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 1,200,000
Uncommitted Incremental Term Loan Facility																				$ 300,000
Debt Instrument, SOFR Floor			0%			0%	0%					0%
Gain (Loss) on Extinguishment of Debt, Total						$ 3,546			$ (831)
Repayments of Long-Term Debt, Total			$ 250,000
Tranche B Term Loan Facility [Member] | Maximum [Member]
Threshold for Secured Leverage Ratio Excess Cash Flow Payment Requirement												3.75
Secured Leverage Ratio												1.09
Tranche B Term Loan Facility [Member] | Base Rate [Member]
Debt Instrument, Basis Spread on Variable Rate		1.75%										0.75%
Tranche B Term Loan Facility [Member] | Adjusted LIBOR Rate [Member]
Debt Instrument, Basis Spread on Variable Rate		2.75%
Tranche B Term Loan Facility [Member] | LIBOR Floor Rate [Member]
Debt Instrument, Basis Spread on Variable Rate		0.75%
Tranche B Term Loan Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate												1.75%
Tranche A Term Loan Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity			$ 750,000			$ 750,000	$ 750,000					$ 750,000
Tranche A Term Loan Facility [Member] | Forecast [Member]
Debt Instrument, Redemption Price, Percentage of Principal Amount Redeemed											10%					7.50%	5%	2.50%	0%
Tranche A Term Loan Facility and Revolving Credit Facility [Member]
Debt Instrument, SOFR Floor			0%			0%	0%					0%
Long-Term Debt, Maturity Date			Jun. 29, 2027			Jun. 29, 2027	Jun. 29, 2027					Jun. 29, 2027
Tranche A Term Loan Facility and Revolving Credit Facility [Member] | Forecast [Member]
Debt Instrument, SOFR Floor	0%
Tranche A Term Loan Facility and Revolving Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate												1.50%
Tranche A Term Loan Facility and Revolving Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Maximum [Member] | Forecast [Member]
Debt Instrument, Basis Spread on Variable Rate	1.75%
Tranche A Term Loan Facility and Revolving Credit Facility [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Minimum [Member] | Forecast [Member]
Debt Instrument, Basis Spread on Variable Rate	1.25%
[1]Represents the non-cash write-off of original issue discount and deferred financing costs due primarily to a voluntary prepayment of Term Loan debt.

Note 11 - Credit Agreements - S

Note 11 - Credit Agreements - Short-term Borrowings (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Short-term Borrowings	$ 77,514	$ 72,035
ABL Revolving Credit Facility [Member]
Short-term Borrowings	0	0
Other Lines of Credit [Member]
Short-term Borrowings	$ 77,514	$ 72,035

Note 11 - Credit Agreements - L

Note 11 - Credit Agreements - Long-term Borrowings (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Original issue discount and deferred financing costs	$ (18,515)	$ (13,215)
Finance lease obligation	27,600	39,175
Other	1,088	2,060
Total	1,290,173	908,020
Less: current portion of debt	808	1,721
Less: current portion of finance lease obligation	(2,866)	(4,208)
Total	1,286,499	902,091
ABL Revolving Credit Facility [Member]
Line of credit	0	100,000
Revolving Credit Facility [Member]
Line of credit	0	0
Tranche A Term Loan Facility [Member]
Term Loan	750,000	0
Tranche B Term Loan Facility [Member]
Term Loan	$ 530,000	$ 780,000

Note 12 - Stock Repurchase Pr_2

Note 12 - Stock Repurchase Program (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended	6 Months Ended	83 Months Ended
	Sep. 30, 2020	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2022
Stock Repurchase Program, Authorized Amount	$ 250,000
Stock Repurchase Program, Period in Force (Month)	24 months
Payments for Repurchase of Common Stock				$ 431,539
Treasury Stock Acquired, Average Cost Per Share (in dollars per share)				$ 47.81
Treasury Stock [Member]
Shares Acquired Under Stock Repurchases Program, Shares (in shares)		0	0	9,026,706

Note 13 - Earnings Per Share (D

Note 13 - Earnings Per Share (Details Textual) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	79,000	0	33,000	0

Note 13 - Earnings Per Share -

Note 13 - 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, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net income attributable to Generac Holdings Inc.		$ 156,359	$ 127,036	$ 270,217	$ 276,029
Redeemable noncontrolling interest redemption value adjustment		(13,645)	1,747	(25,592)	1,870
Net income attributable to common shareholders		$ 142,714	$ 128,783	$ 244,625	$ 277,899
Weighted average shares, basic (in shares)		63,662,510	62,605,166	63,607,711	62,533,725
Dilutive effect of stock compensation awards (in shares)	[1]	1,040,295	1,483,543	1,180,348	1,563,653
Dilutive effect of contingently issued shares (in shares)		10,943	0	10,943	0
Diluted shares (in shares)		64,713,748	64,088,709	64,799,002	64,097,378
Net income attributable to Generac Holdings Inc. per common share - basic: (in dollars per share)		$ 2.24	$ 2.06	$ 3.85	$ 4.44
Net income attributable to Generac Holdings Inc. per common share - diluted: (in dollars per share)		$ 2.21	$ 2.01	$ 3.78	$ 4.34
[1]Excludes approximately 17,000 stock options and restricted stock awards for the three months ended March 31, 2022 as the impact of such awards was anti-dilutive. There were no awards with an anti-dilutive impact for the three months ended March 31, 2021.

Note 14 - Income Taxes (Details

Note 14 - Income Taxes (Details Textual)	6 Months Ended		18 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022
Effective Income Tax Rate Reconciliation, Percent, Total	21.30%	22.70%
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent			1.90%

Note 15 - Commitments and Con_2

Note 15 - Commitments and Contingencies (Details Textual) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Amount Financed by Dealers	$ 238,643	$ 115,900,000

Note 16 - Subsequent Events (De

Note 16 - Subsequent Events (Details Textual) - USD ($)		1 Months Ended
	Aug. 05, 2022	Jul. 31, 2022	Sep. 30, 2020
Stock Repurchase Program, Authorized Amount			$ 250,000,000
Stock Repurchase Program, Period in Force (Month)			24 months
Subsequent Event [Member]
Treasury Stock, Shares, Acquired (in shares)		536,633
Treasury Stock, Value, Acquired, Cost Method		$ 123,900
Stock Repurchase Program, Authorized Amount	$ 500,000
Stock Repurchase Program, Period in Force (Month)	24 months