Generac (GNRC) 10-Q 9 May 23 2023 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2023	May 03, 2023
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	Q1
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
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		62,193,347

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 137,365	$ 132,723
Accounts receivable, less allowance for credit losses of $28,660 and $27,664 at March 31, 2023 and December 31, 2022, respectively	490,384	522,458
Inventories	1,438,296	1,405,384
Prepaid expenses and other assets	119,729	121,783
Total current assets	2,185,774	2,182,348
Property and equipment, net	490,143	467,604
Customer lists, net	202,556	206,987
Patents and technology, net	445,333	454,757
Other intangible assets, net	37,633	41,719
Tradenames, net	225,198	227,251
Goodwill	1,426,332	1,400,880
Deferred income taxes	8,320	12,746
Operating lease and other assets	189,843	175,170
Total assets	5,211,132	5,169,462
Current liabilities:
Short-term borrowings	64,093	48,990
Accounts payable	426,191	446,050
Accrued wages and employee benefits	48,088	45,741
Accrued product warranty	80,902	89,141
Other accrued liabilities	273,039	349,389
Current portion of long-term borrowings and finance lease obligations	18,029	12,733
Total current liabilities	910,342	992,044
Long-term borrowings and finance lease obligations	1,527,355	1,369,085
Deferred income taxes	110,447	125,691
Operating lease and other long-term liabilities	317,795	312,916
Total liabilities	2,865,939	2,799,736
Redeemable noncontrolling interests	3,814	110,471
Stockholders’ equity:
Common stock, par value $0.01, 500,000,000 shares authorized, 73,052,760 and 72,701,257 shares issued at March 31, 2023 and December 31, 2022, respectively	731	728
Additional paid-in capital	1,042,786	1,016,138
Treasury stock, at cost, 10,855,203 and 11,284,350 shares at March 31, 2023 and December 31, 2022, respectively	(779,533)	(808,491)
Excess purchase price over predecessor basis	(202,116)	(202,116)
Retained earnings	2,319,638	2,316,224
Accumulated other comprehensive loss	(42,343)	(65,102)
Stockholders’ equity attributable to Generac Holdings Inc.	2,339,163	2,257,381
Noncontrolling interests	2,216	1,874
Total stockholders' equity	2,341,379	2,259,255
Total liabilities and stockholders’ equity	$ 5,211,132	$ 5,169,462

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Allowance for credit losses	$ 28,660	$ 27,664
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)	73,052,760	72,701,257
Treasury stock, shares (in shares)	10,855,203	11,284,350

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net sales	$ 887,910	$ 1,135,856
Costs of goods sold	615,411	775,108
Gross profit	272,499	360,748
Operating expenses:
Selling and service	100,688	98,243
Research and development	41,820	39,744
General and administrative	59,685	41,972
Amortization of intangibles	25,823	26,054
Total operating expenses	228,016	206,013
Income from operations	44,483	154,735
Other (expense) income:
Interest expense	(22,995)	(9,554)
Investment income	688	77
Other, net	(166)	246
Total other expense, net	(22,473)	(9,231)
Income before provision for income taxes	22,010	145,504
Provision for income taxes	7,849	28,608
Net income	14,161	116,896
Net income attributable to noncontrolling interests	1,731	3,038
Net income attributable to Generac Holdings Inc.	$ 12,430	$ 113,858
Net income attributable to Generac Holdings Inc. per common share - basic: (in dollars per share)	$ 0.06	$ 1.61
Weighted average common shares outstanding - basic: (in shares)	61,556,044	63,449,380
Net income attributable to Generac Holdings Inc. per common share - diluted: (in dollars per share)	$ 0.05	$ 1.57
Weighted average common shares outstanding - diluted: (in shares)	62,294,447	64,828,819
Comprehensive income attributable to Generac Holdings Inc.	$ 35,362	$ 122,365

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock, Common [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, 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						18,728	18,728	0	18,728
Foreign currency translation adjustment						(10,375)	(10,375)	182	(10,193)
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price (in shares)	203,888
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price	$ 2	(1,876)					(1,874)		(1,874)
Net share settlement of restricted stock awards			$ (22,857)				(22,857)		(22,857)
Net share settlement of restricted stock awards (in shares)			(73,832)
Share-based compensation		8,827					8,827		8,827
Redemption value adjustment					(11,947)		(11,947)		(11,947)
Net income attributable to Generac Holdings Inc.					113,858		113,858		113,858
Net income								(17)
Net income									113,841
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
Balance (in shares) at Dec. 31, 2022	72,701,257		(11,284,350)
Balance at Dec. 31, 2022	$ 728	1,016,138	$ (808,491)	(202,116)	2,316,224	(65,102)	2,257,381	1,874	2,259,255
Unrealized gain (loss) on interest rate swaps, net of tax						(4,488)	(4,488)		(4,488)
Foreign currency translation adjustment						27,247	27,247	60	27,307
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price (in shares)	340,560
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price	$ 3	904					907		907
Net share settlement of restricted stock awards			$ (4,438)				(4,438)		(4,438)
Net share settlement of restricted stock awards (in shares)			(36,971)
Share-based compensation		10,334					10,334		10,334
Payment of contingent consideration (in shares)	10,943		466,118
Payment of contingent consideration		15,410	$ 33,396				48,806		48,806
Redemption value adjustment					(9,016)		(9,016)		(9,016)
Net income attributable to Generac Holdings Inc.					12,430		12,430		12,430
Net income								282
Net income									12,712
Balance (in shares) at Mar. 31, 2023	73,052,760		(10,855,203)
Balance at Mar. 31, 2023	$ 731	$ 1,042,786	$ (779,533)	$ (202,116)	$ 2,319,638	$ (42,343)	$ 2,339,163	$ 2,216	$ 2,341,379

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) - USD ($)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Unrealized gain (loss) on interest rate swaps, tax	$ 1,500	$ (6,326)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
		Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Operating activities
Net income		$ 14,161	$ 116,896
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation		14,128	12,407
Amortization of intangible assets		25,823	26,054
Amortization of original issue discount and deferred financing costs		954	637
Deferred income taxes		(10,712)	(49,156)
Share-based compensation expense	[1]	10,334	8,827
Loss (gain) on disposal of assets		30	(571)
Other noncash (gains) charges		(160)	(6,446)
Net changes in operating assets and liabilities, net of acquisitions:
Accounts receivable		33,925	(66,510)
Inventories		(23,820)	(147,250)
Other assets		(5,576)	2,253
Accounts payable		(24,488)	26,363
Accrued wages and employee benefits		1,630	(21,558)
Other accrued liabilities		(53,790)	102,015
Excess tax benefits from equity awards		(998)	(14,103)
Net cash used in operating activities		(18,559)	(10,142)
Investing activities
Proceeds from sale of property and equipment		84	1,864
Proceeds from sale of investment		0	1,308
Proceeds from beneficial interests in securitization transactions		795	1,573
Contribution to equity method investment		0	(2,921)
Expenditures for property and equipment		(23,977)	(28,200)
Purchase of long-term investment		(2,000)	0
Acquisition of business, net of cash acquired		(16,188)	(999)
Net cash used in investing activities		(41,286)	(27,375)
Financing activities
Proceeds from short-term borrowings		19,515	136,664
Proceeds from long-term borrowings		267,869	110,000
Repayments of short-term borrowings		(5,080)	(124,609)
Repayments of long-term borrowings and finance lease obligations		(113,573)	(1,737)
Payment of contingent acquisition consideration		(479)	0
Purchase of additional ownership interest		(104,844)	0
Taxes paid related to equity awards		(4,710)	(34,620)
Proceeds from exercise of stock options		4,975	9,903
Net cash provided by financing activities		63,673	95,601
Effect of exchange rate changes on cash and cash equivalents		814	600
Net increase in cash and cash equivalents		4,642	58,684
Cash and cash equivalents at beginning of period		132,723	147,339	$ 147,339
Cash and cash equivalents at end of period		$ 137,365	$ 206,023	$ 132,723
[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	3 Months Ended
	Mar. 31, 2023
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, 2022 ● In June 2022, ● In October 2022, ● In February 2023, 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 March 31, 2023 three March 31, 2023 2022 three March 31, 2023 2022 three March 31, 2023 2022 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, 2022 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	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Business Combination Disclosure [Text Block]	2 . Acquisitions Fiscal 2023 On February 1, 2023, The accompanying condensed consolidated financial statements include the results of REFUstor from the date of acquisition through March 31, 2023. first 2023, March 31, 2024. not not Fiscal 2022 On June 30, 2022, On October 3, 2022, The combined purchase price for these two second fourth 2022, 2023. Q1 2023, March 31, 2023. not 2022 not

Note 3 - Redeemable Noncontroll

Note 3 - Redeemable Noncontrolling Interest	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Redeemable Noncontrolling Interest [Text Block]	3. On March 1, 2016, May 2021, March 8, 2023, twenty December 31, 2022, December 31, 2025. On February 1, 2019, five may five March 2022, May 2022, The redeemable noncontrolling interests are 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 March 31, 2023 2022 Balance at beginning of period $ 110,471 $ 58,050 Net income 1,448 2,856 Foreign currency translation (367 ) (881 ) Purchase of additional ownership interest (116,754 ) (461 ) Redemption value adjustment 9,016 11,947 Balance at end of period $ 3,814 $ 71,511

Note 4 - Derivative Instruments

Note 4 - Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2023
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 , four March 31, 2023 March 2020, three March 31, 2023 In June 2022, 11, The amount of gains/(losses), net of tax, recognized for the three March 31, 2023 20 22 Fair Value The following table presents the fair value of all of the Company’s derivatives: March 31, 2023 December 31, 2022 Commodity contracts $ 111 $ - Foreign currency contracts 112 94 Interest rate swaps 43,291 49,279 In the condensed consolidated balance sheets, the fair value of the commodity and foreign currency contracts are included in prepaid expenses & other current assets, and the fair value of the interest rate swaps is included in prepaid expenses & other current assets and operating lease & other assets . March 31, 2023 December 31, 2022 f $45,003 nd $51,184 respect

Note 5 - Fair Value Measurement

Note 5 - Fair Value Measurements	3 Months Ended
	Mar. 31, 2023
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 revolving facility borrowings), excluding Term Loan borrowings, approximates the fair value of these instruments based on their short-term nature. The fair value of the Term Loan B borrowing, which has a net carrying value o f $523,706, w $528,675 2 March 31, 2023, 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. 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. The fair value measurement of contingent consideration is typically categorized as a Level 3 not At March 31, 2023, $10,500 in other accrued liabilities and $33,385 i December 31, 2022, The following table provides a reconciliation of the activity for contingent consideration: Beginning balance, January 1, 2023 $ 81,533 Changes in fair value - Additional contingent consideration (1) 11,490 Payment of contingent consideration (2) (49,286 ) Present value interest accretion 148 Ending balance, March 31, 2023 $ 43,885 ( 1 3, ( 2

Note 6 - Accumulated Other Comp

Note 6 - Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 2022 Foreign Currency Translation Adjustments Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – January 1, 2023 $ (101,545 ) $ 36,443 $ (65,102 ) Other comprehensive income (loss) 27,247 (1) (4,488 ) (2) 22,759 Ending Balance – March 31, 2023 $ (74,298 ) $ 31,955 $ (42,343 ) 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) (10,375 ) (3) 18,728 (4) 8,353 Ending Balance – March 31, 2022 $ (63,079 ) $ 16,677 $ (46,402 ) ( 1 Represents favorable impact from the weaking of the U.S. dollar against foreign currencies during the three March 31, 2023 , including the Euro and British Pound. ( 2 Represents unrealized losses of $(5,988) on the interest rate swaps, net of tax effect of $1,500 for the three March 31, 2023 . ( 3 Represents unfavorable impact from the strengthening of the U.S. dollar against foreign currencies during the three March 31, 2022, including the Euro and British Pound. ( 4 Represents unrealized gains of $25,054 on the interest rate swaps, net of tax effect of $(6,326) for the three March 31, 2022.

Note 7 - Segment Reporting

Note 7 - Segment Reporting	3 Months Ended
	Mar. 31, 2023
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 storage systems, energy management devices & solutions, and other power products geared for varying end customer uses. While Residential products and Commercial & Industrial (C&I) products include similar products, they differ based on power output and end customer. The breakout of net sales between residential, C&I, and other products & services by reportable segment is as follows: Net Sales by Reportable Segment Three Months Ended March 31, 2023 Product Classes Domestic International Total Residential products $ 381,151 $ 37,712 $ 418,863 Commercial & industrial products 228,123 134,867 362,990 Other 95,112 10,945 106,057 Total net sales $ 704,386 $ 183,524 $ 887,910 Net Sales by Reportable Segment Three Months Ended March 31, 2022 Product Classes Domestic International Total Residential products $ 750,327 $ 26,617 $ 776,944 Commercial & industrial products 145,737 132,991 278,728 Other 68,610 11,574 80,184 Total net sales $ 964,674 $ 171,182 $ 1,135,856 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 March 31, 2023 Three Months Ended March 31, 2022 Domestic International Eliminations Total Domestic International Eliminations Total External net sales $ 704,386 $ 183,524 $ - $ 887,910 $ 964,674 $ 171,182 $ - $ 1,135,856 Intersegment sales 15,607 32,942 (48,549 ) - 10,270 14,250 (24,520 ) - Total sales $ 719,993 $ 216,466 $ (48,549 ) $ 887,910 $ 974,944 $ 185,432 $ (24,520 ) $ 1,135,856 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 defined as net income before noncontrolling interest adjusted for the following items: interest expense, depreciation expense, amortization of intangible assets, income tax expense, certain non-cash gains and losses including purchase accounting and contingent consideration adjustments, share-based compensation expense, certain transaction costs and credit facility fees, business optimization expenses, certain specific provisions, and adjusted EBITDA attributable to noncontrolling interests. Adjusted EBITDA by Reportable Segment Three Months Ended March 31, 2023 2022 Domestic $ 67,662 $ 170,421 International 32,413 25,992 Total adjusted EBITDA $ 100,075 $ 196,413 Interest expense (22,995 ) (9,554 ) Depreciation and amortization (39,951 ) (38,461 ) Non-cash write-down and other adjustments (1) 3,160 7,792 Non-cash share-based compensation expense (2) (10,334 ) (8,827 ) Transaction costs and credit facility fees (3) (1,091 ) (989 ) Business optimization and other charges (4) (1,100 ) (1,159 ) Provision for regulatory charges (5) (5,800 ) - Other 46 289 Income before provision for income taxes $ 22,010 $ 145,504 ( 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 transaction costs incurred directly in connection with any investment, as defined in our credit agreement, equity issuance or debt issuance or refinancing, together with certain fees relating to our senior secured credit facilities. ( 4 Represents severance and other non-recurring restructuring charges. ( 5 Represents a provision of $5,800 July 29, 2021. The Company’s sales in the U.S. represented approximately 75% and 83% of total sales for the three March 31, 2023 and March 31, 2022, March 31, 2023 and December 31, 2022 , respectively.

Note 8 - Balance Sheet Details

Note 8 - Balance Sheet Details	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Supplemental Balance Sheet Disclosures [Text Block]	8 . Balance Sheet Details Inventories consist of the following: March 31, December 31, 2023 2022 Raw material $ 825,487 $ 798,340 Work-in-process 11,530 14,899 Finished goods 601,279 592,145 Total $ 1,438,296 $ 1,405,384 Property and equipment consists of the following: March 31, December 31, 2023 2022 Land and improvements $ 23,866 $ 22,589 Buildings and improvements 250,056 243,553 Machinery and equipment 241,332 229,593 Dies and tools 39,269 37,343 Vehicles 10,052 9,807 Office equipment and systems 159,098 148,166 Leasehold improvements 7,093 6,849 Construction in progress 58,021 52,522 Gross property and equipment 788,787 750,422 Accumulated depreciation (298,644 ) (282,818 ) Total $ 490,143 $ 467,604 Total property and equipment includes finance leases of $26,926 and $24,719 on March 31, 2023 December 31, 2022

Note 9 - Product Warranty Oblig

Note 9 - Product Warranty Obligations	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 2022 Balance at beginning of period $ 138,011 $ 94,213 Payments (26,152 ) (13,024 ) Provision for warranty issued 15,865 21,425 Changes in estimates for pre-existing warranties 875 (1,123 ) Balance at end of period $ 128,599 $ 101,491 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 March 31, 2023 2022 Balance at beginning of period $ 132,813 $ 111,647 Deferred revenue contracts issued 9,726 9,546 Amortization of deferred revenue contracts (5,854 ) (5,270 ) Balance at end of period $ 136,685 $ 115,923 The timing of recognition of the Company’s deferred revenue balance related to extended warranties as of March 31, 2023 Remainder of 2023 $ 18,638 2024 25,688 2025 25,085 2026 20,734 2027 15,881 After 2027 30,659 Total $ 136,685 Standard product warranty obligations and extended warranty related deferred revenues are included in the condensed consolidated balance sheets as follows: March 31, December 31, 2023 2022 Product warranty liability Current portion - accrued product warranty $ 80,902 $ 89,141 Long-term portion - other long-term liabilities 47,697 48,870 Total $ 128,599 $ 138,011 Deferred revenue related to extended warranties Current portion - other accrued liabilities $ 30,890 $ 30,291 Long-term portion - other long-term liabilities 105,795 102,522 Total $ 136,685 $ 132,813

Note 10 - Contract Balances

Note 10 - Contract Balances	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	10. While the Company’s standard payment terms are less than one March 31, 2023 December 31, 2022 three March 31, 2023 December 31, 2022 one

Note 11 - Credit Agreements

Note 11 - Credit Agreements	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	11 . Credit Agreements Short-term borrowings included in the condensed consolidated balance sheets as of March 31, 2023, December 31, 2022, 64,093 Long-term borrowings are included in the condensed consolidated balance sheets as follows: March 31, December 31, 2023 2022 Tranche A Term Loan $ 750,000 $ 750,000 Tranche B Term Loan 530,000 530,000 Original issue discount and deferred financing costs (15,614 ) (16,568 ) Revolving Facility 250,000 90,000 Finance lease obligation 29,765 27,420 Other 1,233 966 Total 1,545,384 1,381,818 Less: current portion of debt 15,050 10,083 Less: current portion of finance lease obligation 2,979 2,650 Total $ 1,527,355 $ 1,369,085 Maturities of the Company's Tranche A Term Loan Facility, Tranche B Term Loan Facility, and Revolving Facility outstanding at March 31, 2023 Tranche A Term Loan Tranche B Term Loan Revolving Facility Total 2023 $ 9,375 $ - $ - $ 9,375 2024 28,125 - - 28,125 2025 46,875 - - 46,875 2026 65,625 530,000 - 595,625 2027 600,000 - 250,000 850,000 Total $ 750,000 $ 530,000 $ 250,000 $ 1,530,000 The Tranche B Term Loan Facility matures on December 13, 2026, June 29, 2027 September 2023, The Company’s credit agreements originally provided for a $1,200,000 term loan B credit facility (Tranche B Term Loan Facility) and included a $300,000 uncommitted incremental term loan on that facility. The Tranche B Term Loan Facility initially bore interest at rates based on either a base rate plus an applicable margin of 1.75% or adjusted LIBOR rate plus an applicable margin of 2.75%, subject to a LIBOR floor of 0.75%. After a number of amendments, the Tranche B Term Loan Facility currently bears interest at rates based on either a base rate plus an applicable margin of 0.75% or adjusted Secured Overnight Financing Rate (SOFR) rate plus an applicable margin of 1.75%, subject to a SOFR floor of 0.00%. The interest rate for the Tranche B Term Loan Facility as of March 31, 2023, 6.52 The Tranche B Term Loan Facility does not 1.00 March 31, 2023, 2.13 1.00 no In June 2022, second 2022 The Tranche A Term Loan Facility and the Revolving Facility initially bore interest at a rate based on adjusted SOFR plus an applicable margin of 1.5% through December 31, 2022, January 1, 2023, March 31, 2023, 6.27 The Tranche A Term Loan Facility and the Revolving Facility added certain financial covenants that require the Company to maintain a total leverage ratio below 3.75 to 1.00 1.00. March 31, 2023, 2.22 1.00 30.99 1.00. March 31, 2023. 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 March 31, 2023, 250,000 998,580 See Note 4, 7A 10

Note 12 - Stock Repurchase Prog

Note 12 - Stock Repurchase Program	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Treasury Stock [Text Block]	12 . Stock Repurchase Program In September 2020, October 27, 2020, third 2022. July 2022, August 5, 2022, may may may may three March 31, 2023 2022. August 2015),

Note 13 - Earnings Per Share

Note 13 - Earnings Per Share	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 2022 Numerator Net income attributable to Generac Holdings Inc. $ 12,430 $ 113,858 Redeemable noncontrolling interest redemption value adjustment (9,016 ) (11,947 ) Net income attributable to common shareholders $ 3,414 $ 101,911 Denominator Weighted average shares, basic 61,556,044 63,449,380 Dilutive effect of stock compensation awards (1) 738,403 1,279,626 Dilutive effect of contingently issued shares - 99,813 Diluted shares 62,294,447 64,828,819 Net income attributable to common shareholders per share Basic $ 0.06 $ 1.61 Diluted $ 0.05 $ 1.57 ( 1 three March 31, 2023 March 31, 2022,

Note 14 - Income Taxes

Note 14 - Income Taxes	3 Months Ended
	Mar. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	14 . Income Taxes The effective income tax rates for the three March 31, 2023 2022 35.7%

Note 15 - Commitments and Conti

Note 15 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2023
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 March 31, 2023 December 31, 2022 On August 1, 2022, September 23, 2022, October 7, 2022, 7 one not October 11, 2022. may On October 28, 2022, Five additional putative class actions were filed by consumers of Generac clean energy products between November 21, 2022 March 21, 2023. Basler, et al. v. Generac Power Systems, Inc. No. 22 01386 Dillon v. Generac Power Systems, Inc. No. 23 00034 Moon v. Generac Power Systems, Inc. et al. No. 22 09183 Locatell v. Generac Power Systems, Inc., et al. No. 23 00203 Baltimore, et al. v. Generac Power Systems, Inc., No. 23CV006415 910. Haak, Basler, Moon . On March 3, 2023, Moon March 28, 2023, May 25, 2023. On December 1, 2022, January 20, 2023, April 29, 2021 November 1, 2022 March 14, 2023, two On February 3, 2023, 14 10 20 1934, March 6, 2023, second Between March 20, 2023 April 11, 2023, three On October 28, 2022, 1.85 2019 2020 2020 . On November 30, 2022, 19 4 15 2068 4 July 29, 2021. May 3, 2023, not not In the opinion of management, it is presently unlikely that any legal or regulatory proceedings pending against or involving the Company will have a material adverse effect on the Company’s financial condition, results of operations or cash flows. However, in many of these matters, it is inherently difficult to determine whether a loss is probable or to estimate the size or range of the possible loss given the variety and potential outcomes of actual and potential claims, the uncertainty of future rulings, the behavior or incentives of adverse parties, and other factors outside the control of the Company. Accordingly, the Company’s loss reserves may

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2023
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 3 - Redeemable Noncontro_2

Note 3 - Redeemable Noncontrolling Interest (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Redeemable Noncontrolling Interest [Table Text Block]	Three Months Ended March 31, 2023 2022 Balance at beginning of period $ 110,471 $ 58,050 Net income 1,448 2,856 Foreign currency translation (367 ) (881 ) Purchase of additional ownership interest (116,754 ) (461 ) Redemption value adjustment 9,016 11,947 Balance at end of period $ 3,814 $ 71,511

Note 4 - Derivative Instrumen_2

Note 4 - Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule Of Derivative Assets (Liabilities) at Fair Value [Table Text Block]	March 31, 2023 December 31, 2022 Commodity contracts $ 111 $ - Foreign currency contracts 112 94 Interest rate swaps 43,291 49,279

Note 5 - Fair Value Measureme_2

Note 5 - Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block]	Beginning balance, January 1, 2023 $ 81,533 Changes in fair value - Additional contingent consideration (1) 11,490 Payment of contingent consideration (2) (49,286 ) Present value interest accretion 148 Ending balance, March 31, 2023 $ 43,885

Note 6 - Accumulated Other Co_2

Note 6 - Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2023
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 – January 1, 2023 $ (101,545 ) $ 36,443 $ (65,102 ) Other comprehensive income (loss) 27,247 (1) (4,488 ) (2) 22,759 Ending Balance – March 31, 2023 $ (74,298 ) $ 31,955 $ (42,343 ) 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) (10,375 ) (3) 18,728 (4) 8,353 Ending Balance – March 31, 2022 $ (63,079 ) $ 16,677 $ (46,402 )

Note 7 - Segment Reporting (Tab

Note 7 - Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Disaggregation of Revenue [Table Text Block]	Net Sales by Reportable Segment Three Months Ended March 31, 2023 Product Classes Domestic International Total Residential products $ 381,151 $ 37,712 $ 418,863 Commercial & industrial products 228,123 134,867 362,990 Other 95,112 10,945 106,057 Total net sales $ 704,386 $ 183,524 $ 887,910 Net Sales by Reportable Segment Three Months Ended March 31, 2022 Product Classes Domestic International Total Residential products $ 750,327 $ 26,617 $ 776,944 Commercial & industrial products 145,737 132,991 278,728 Other 68,610 11,574 80,184 Total net sales $ 964,674 $ 171,182 $ 1,135,856
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Three Months Ended March 31, 2023 Three Months Ended March 31, 2022 Domestic International Eliminations Total Domestic International Eliminations Total External net sales $ 704,386 $ 183,524 $ - $ 887,910 $ 964,674 $ 171,182 $ - $ 1,135,856 Intersegment sales 15,607 32,942 (48,549 ) - 10,270 14,250 (24,520 ) - Total sales $ 719,993 $ 216,466 $ (48,549 ) $ 887,910 $ 974,944 $ 185,432 $ (24,520 ) $ 1,135,856
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Adjusted EBITDA by Reportable Segment Three Months Ended March 31, 2023 2022 Domestic $ 67,662 $ 170,421 International 32,413 25,992 Total adjusted EBITDA $ 100,075 $ 196,413 Interest expense (22,995 ) (9,554 ) Depreciation and amortization (39,951 ) (38,461 ) Non-cash write-down and other adjustments (1) 3,160 7,792 Non-cash share-based compensation expense (2) (10,334 ) (8,827 ) Transaction costs and credit facility fees (3) (1,091 ) (989 ) Business optimization and other charges (4) (1,100 ) (1,159 ) Provision for regulatory charges (5) (5,800 ) - Other 46 289 Income before provision for income taxes $ 22,010 $ 145,504

Note 8 - Balance Sheet Details

Note 8 - Balance Sheet Details (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Inventory, Current [Table Text Block]	March 31, December 31, 2023 2022 Raw material $ 825,487 $ 798,340 Work-in-process 11,530 14,899 Finished goods 601,279 592,145 Total $ 1,438,296 $ 1,405,384
Property, Plant and Equipment [Table Text Block]	March 31, December 31, 2023 2022 Land and improvements $ 23,866 $ 22,589 Buildings and improvements 250,056 243,553 Machinery and equipment 241,332 229,593 Dies and tools 39,269 37,343 Vehicles 10,052 9,807 Office equipment and systems 159,098 148,166 Leasehold improvements 7,093 6,849 Construction in progress 58,021 52,522 Gross property and equipment 788,787 750,422 Accumulated depreciation (298,644 ) (282,818 ) Total $ 490,143 $ 467,604

Note 9 - Product Warranty Obl_2

Note 9 - Product Warranty Obligations (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	Three Months Ended March 31, 2023 2022 Balance at beginning of period $ 138,011 $ 94,213 Payments (26,152 ) (13,024 ) Provision for warranty issued 15,865 21,425 Changes in estimates for pre-existing warranties 875 (1,123 ) Balance at end of period $ 128,599 $ 101,491 Three Months Ended March 31, 2023 2022 Balance at beginning of period $ 132,813 $ 111,647 Deferred revenue contracts issued 9,726 9,546 Amortization of deferred revenue contracts (5,854 ) (5,270 ) Balance at end of period $ 136,685 $ 115,923
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]	Remainder of 2023 $ 18,638 2024 25,688 2025 25,085 2026 20,734 2027 15,881 After 2027 30,659 Total $ 136,685
Product Warranty Obligations Included In Consolidated Balance Sheet [Table Text Block]	March 31, December 31, 2023 2022 Product warranty liability Current portion - accrued product warranty $ 80,902 $ 89,141 Long-term portion - other long-term liabilities 47,697 48,870 Total $ 128,599 $ 138,011 Deferred revenue related to extended warranties Current portion - other accrued liabilities $ 30,890 $ 30,291 Long-term portion - other long-term liabilities 105,795 102,522 Total $ 136,685 $ 132,813

Note 11 - Credit Agreements (Ta

Note 11 - Credit Agreements (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Long-Term Debt Instruments [Table Text Block]	March 31, December 31, 2023 2022 Tranche A Term Loan $ 750,000 $ 750,000 Tranche B Term Loan 530,000 530,000 Original issue discount and deferred financing costs (15,614 ) (16,568 ) Revolving Facility 250,000 90,000 Finance lease obligation 29,765 27,420 Other 1,233 966 Total 1,545,384 1,381,818 Less: current portion of debt 15,050 10,083 Less: current portion of finance lease obligation 2,979 2,650 Total $ 1,527,355 $ 1,369,085
Schedule of Maturities of Long-Term Debt [Table Text Block]	Tranche A Term Loan Tranche B Term Loan Revolving Facility Total 2023 $ 9,375 $ - $ - $ 9,375 2024 28,125 - - 28,125 2025 46,875 - - 46,875 2026 65,625 530,000 - 595,625 2027 600,000 - 250,000 850,000 Total $ 750,000 $ 530,000 $ 250,000 $ 1,530,000

Note 13 - Earnings Per Share (T

Note 13 - Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended March 31, 2023 2022 Numerator Net income attributable to Generac Holdings Inc. $ 12,430 $ 113,858 Redeemable noncontrolling interest redemption value adjustment (9,016 ) (11,947 ) Net income attributable to common shareholders $ 3,414 $ 101,911 Denominator Weighted average shares, basic 61,556,044 63,449,380 Dilutive effect of stock compensation awards (1) 738,403 1,279,626 Dilutive effect of contingently issued shares - 99,813 Diluted shares 62,294,447 64,828,819 Net income attributable to common shareholders per share Basic $ 0.06 $ 1.61 Diluted $ 0.05 $ 1.57

Note 2 - Acquisitions (Details

Note 2 - Acquisitions (Details Textual) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Payments to Acquire Businesses, Net of Cash Acquired	$ 16,188	$ 999
EEC and Blue Pillar [Member]
Payments to Acquire Businesses, Net of Cash Acquired	$ 27,138		$ 25,654

Note 3 - Redeemable Noncontro_3

Note 3 - Redeemable Noncontrolling Interest (Details Textual) - USD ($) $ in Thousands			1 Months Ended			3 Months Ended
	Mar. 08, 2023	Feb. 01, 2019	May 31, 2022	Mar. 31, 2022	May 31, 2021	Mar. 31, 2023	Mar. 31, 2022	Mar. 01, 2016
Payments for Repurchase of Redeemable Noncontrolling Interest						$ 104,844	$ 0
Pramac [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners					20%			35%
Captiva Energy Solutions [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners		49%
Pramac [Member]
Business Acquisition, Percentage of Voting Interests Acquired					15%			65%
Redeemable Noncontrolling Interest, Equity, Fair Value, Total								$ 34,253
Payments for Repurchase of Redeemable Noncontrolling Interest	$ 116,754				$ 27,164
Business Combination, Step Acquisition, Equity Interest in Acquiree, including Subsequent Acquisition, Percentage, Total	100%				80%
Business Combination, Consideration Transferred	$ 105,264
Payments to Acquire Businesses, Gross	104,844
Gain (Loss), Foreign Currency Transaction, before Tax	420
Business Combination, Consideration Transferred, Liabilities Incurred	$ 11,490
Pramac [Member] | Restricted Shares for Contingent Consideration [Member
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares)	135,205
Captiva Energy Solutions [Member]
Business Acquisition, Percentage of Voting Interests Acquired		51%		15%			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%			66%
Business Acquisition, Noncontrolling Interest, Term of Put 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
	Mar. 31, 2023	Mar. 31, 2022
Redemption value adjustment	$ (9,016)	$ (11,947)
Redeemable Noncontrolling Interest [Member]
Balance	110,471	58,050
Net income	1,448	2,856
Foreign currency translation	(367)	(881)
Purchase of additional ownership interest	(116,754)	(461)
Redemption value adjustment	9,016	11,947
Balance	$ 3,814	$ 71,511

Note 4 - Derivative Instrumen_3

Note 4 - Derivative Instruments and Hedging Activities (Details Textual) $ in Thousands	1 Months Ended	3 Months Ended		12 Months Ended
	Mar. 31, 2020	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2017	Dec. 31, 2022 USD ($)	Dec. 31, 2021
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax		$ (4,488)	$ 18,728
Derivative Assets (Liabilities), Net Fair Value of Derivative Contracts, Excluding Impact of Credit Risk		$ 45,003			$ 51,184
Commodity Contract [Member]
Derivative, Number of Instruments Held, Total						0
Interest Rate Swap [Member]
Number of New Contracts Entered	3	7		20
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax		$ (4,488)	$ 18,728

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	Mar. 31, 2023	Dec. 31, 2022
Commodity contracts	$ 111	$ 0
Foreign Exchange Contract [Member]
Commodity contracts	112	94
Interest Rate Swap [Member]
Commodity contracts	$ 43,291	$ 49,279

Note 5 - Fair Value Measureme_3

Note 5 - Fair Value Measurements (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 08, 2023	Dec. 31, 2022
Long-Term Debt	$ 1,530,000
Payment for Contingent Consideration Liability, Financing Activities	479	$ 0
Pramac [Member]
Business Combination, Contingent Consideration, Liability			$ 11,490
ecobee Inc. [Member]
Payment for Contingent Consideration Liability, Financing Activities	479
Contingent Consideration, Share Payments, Value	44,521
Acquisition of Chilicon [Member]
Contingent Consideration, Share Payments, Value	4,286
Other Accrued Liabilities [Member]
Business Combination, Contingent Consideration, Liability	10,500			$ 49,500
Other Long-term Liabilities [Member]
Business Combination, Contingent Consideration, Liability	33,385			$ 32,033
Fair Value, Inputs, Level 2 [Member]
Debt Instrument, Fair Value Disclosure	528,675
Term Loan [Member]
Long-Term Debt	$ 523,706

Note 5 - Fair Value Measureme_4

Note 5 - Fair Value Measurements - Reconciliation of Contingent Consideration (Details) - Contingent Consideration Liability [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2023 USD ($)
Beginning balance, January 1, 2023	$ 81,533
Changes in fair value	0
Additional contingent consideration (1)	11,490	[1]
Payment of contingent consideration (2)	(49,286)	[2]
Present value interest accretion	148
Ending balance, March 31, 2023	$ 43,885
[1]Represents $11,490 of contingent deferred consideration for the Pramac buyout. See Note 3, "Redeemable Noncontrolling Interest".[2]Includes payments of $479 in cash and $44,521 in shares for the ecobee acquisition and $4,286 in shares for the Chilicon acquisition. The payment of common stock is accounted for as a non-cash item in the condensed consolidated statement of cash flows.

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
	Mar. 31, 2023	Mar. 31, 2022
Other Comprehensive Income (Loss), before Reclassifications, before Tax	$ 5,988	$ 25,054
Other Comprehensive Income (Loss) before Reclassifications, Tax	$ (1,500)	$ (6,326)

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
	Mar. 31, 2023		Mar. 31, 2022
Balance	$ 2,259,255		$ 2,214,087
Balance	2,341,379		2,308,612
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(101,545)		(52,704)
Other comprehensive income (loss)	27,247	[1]	(10,375)	[2]
Balance	(74,298)		(63,079)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance	36,443		(2,051)
Other comprehensive income (loss)	(4,488)	[3]	18,728	[4]
Balance	31,955		16,677
AOCI Attributable to Parent [Member]
Balance	(65,102)		(54,755)
Other comprehensive income (loss)	22,759		8,353
Balance	$ (42,343)		$ (46,402)
[1]Represents favorable impact from the weaking of the U.S. dollar against foreign currencies during the three months ended March 31, 2023, including 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, 2022, including the Euro and British Pound.[3]Represents unrealized losses of $(5,988) on the interest rate swaps, net of tax effect of $1,500 for the three months ended March 31, 2023.[4]Represents unrealized gains of $25,054 on the interest rate swaps, net of tax effect of $(6,326) for the three months ended March 31, 2022.

Note 7 - Segment Reporting (Det

Note 7 - Segment Reporting (Details Textual)	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Number of Reportable Segments	2
Geographic Concentration Risk [Member] | Revenue Benchmark [Member] | UNITED STATES
Concentration Risk, Percentage	75%	83%
Geographic Concentration Risk [Member] | Net Assets, Geographic Area [Member] | UNITED STATES
Concentration Risk, Percentage	76%		77%

Note 7 - Segment Reporting - Ne

Note 7 - Segment Reporting - Net Sales by Products and Services (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Net sales	$ 887,910	$ 1,135,856
Domestic [Member]
Net sales	704,386	964,674
International [Member]
Net sales	183,524	171,182
Residential Power Products [Member]
Net sales	418,863	776,944
Residential Power Products [Member] | Domestic [Member]
Net sales	381,151	750,327
Residential Power Products [Member] | International [Member]
Net sales	37,712	26,617
Commercial and Industrial Power Products [Member]
Net sales	362,990	278,728
Commercial and Industrial Power Products [Member] | Domestic [Member]
Net sales	228,123	145,737
Commercial and Industrial Power Products [Member] | International [Member]
Net sales	134,867	132,991
Other Products and Services [Member]
Net sales	106,057	80,184
Other Products and Services [Member] | Domestic [Member]
Net sales	95,112	68,610
Other Products and Services [Member] | International [Member]
Net sales	$ 10,945	$ 11,574

Note 7 - Segment Reporting - To

Note 7 - Segment Reporting - Total Sales by Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Total sales	$ 887,910	$ 1,135,856
External Net Sales [Member]
Total sales	887,910	1,135,856
Intersegment Sales [Member]
Total sales	0	0
Intersegment Eliminations [Member]
Total sales	(48,549)	(24,520)
Intersegment Eliminations [Member] | External Net Sales [Member]
Total sales	0	0
Intersegment Eliminations [Member] | Intersegment Sales [Member]
Total sales	(48,549)	(24,520)
Domestic [Member]
Total sales	704,386	964,674
Domestic [Member] | Operating Segments [Member]
Total sales	719,993	974,944
Domestic [Member] | Operating Segments [Member] | External Net Sales [Member]
Total sales	704,386	964,674
Domestic [Member] | Operating Segments [Member] | Intersegment Sales [Member]
Total sales	15,607	10,270
International [Member]
Total sales	183,524	171,182
International [Member] | Operating Segments [Member]
Total sales	216,466	185,432
International [Member] | Operating Segments [Member] | External Net Sales [Member]
Total sales	183,524	171,182
International [Member] | Operating Segments [Member] | Intersegment Sales [Member]
Total sales	$ 32,942	$ 14,250

Note 7 - Segment Reporting - Se

Note 7 - Segment Reporting - Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2023	Mar. 31, 2022
Total adjusted EBITDA		$ 100,075	$ 196,413
Interest expense		(22,995)	(9,554)
Depreciation and amortization		(39,951)	(38,461)
Non-cash write-down and other adjustments (1)	[1]	3,160	7,792
Non-cash share-based compensation expense (2)	[2]	(10,334)	(8,827)
Transaction costs and credit facility fees (3)	[3]	(1,091)	(989)
Business optimization and other charges (4)	[4]	(1,100)	(1,159)
Provision for regulatory charges (5)	[5]	(5,800)	0
Other		46	289
Income before provision for income taxes		22,010	145,504
Domestic [Member]
Total adjusted EBITDA		67,662	170,421
International [Member]
Total adjusted EBITDA		$ 32,413	$ 25,992
[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 transaction costs incurred directly in connection with any investment, as defined in our credit agreement, equity issuance or debt issuance or refinancing, together with certain fees relating to our senior secured credit facilities.[4]Represents severance and other non-recurring restructuring charges.[5]Represents a provision of $5.8 million for a pending matter with the Consumer Product Safety Commission concerning the imposition of penalty fines for allegedly failing to timely submit a report under the Consumer Product Safety Act in relation to certain portable generators that were subject to a voluntary recall previously announced on July 29, 2021.

Note 8 - Balance Sheet Detail_2

Note 8 - Balance Sheet Details (Details Textual) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	$ 26,926	$ 24,719

Note 8 - Balance Sheet Detail_3

Note 8 - Balance Sheet Details - Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Raw material	$ 825,487	$ 798,340
Work-in-process	11,530	14,899
Finished goods	601,279	592,145
Total	$ 1,438,296	$ 1,405,384

Note 8 - Balance Sheet Detail_4

Note 8 - Balance Sheet Details - Property and Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Property and equipment, gross	$ 788,787	$ 750,422
Accumulated depreciation	(298,644)	(282,818)
Total	490,143	467,604
Land and Land Improvements [Member]
Property and equipment, gross	23,866	22,589
Building and Building Improvements [Member]
Property and equipment, gross	250,056	243,553
Machinery and Equipment [Member]
Property and equipment, gross	241,332	229,593
Dies and Tools [Member]
Property and equipment, gross	39,269	37,343
Vehicles [Member]
Property and equipment, gross	10,052	9,807
Office Equipment [Member]
Property and equipment, gross	159,098	148,166
Leasehold Improvements [Member]
Property and equipment, gross	7,093	6,849
Construction in Progress [Member]
Property and equipment, gross	$ 58,021	$ 52,522

Note 9 - Product Warranty Obl_3

Note 9 - Product Warranty Obligations (Details Textual)	3 Months Ended
	Mar. 31, 2023
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
		Mar. 31, 2023	Mar. 31, 2022
Balance at beginning of period		$ 138,011	$ 94,213
Payments		(26,152)	(13,024)
Provision for warranty issued		15,865	21,425
Changes in estimates for pre-existing warranties	[1]	875	(1,123)
Balance at end of period		128,599	101,491
Balance at beginning of period		132,813	111,647
Deferred revenue contracts issued		9,726	9,546
Amortization of deferred revenue contracts		(5,854)	(5,270)
Balance at end of period		$ 136,685	$ 115,923
[1]Includes a specific warranty provision recorded during the third quarter of 2022 in the amount of $37,338 to address certain clean energy product warranty-related matters.

Note 9 - Product Warranty Obl_5

Note 9 - Product Warranty Obligations - Recognition of Deferred Revenue Related to Extended Warranties (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Revenue performance obligation	$ 136,685

Note 9 - Product Warranty Obl_6

Note 9 - Product Warranty Obligations - Recognition of Deferred Revenue Related to Extended Warranties 2 (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Revenue performance obligation	$ 136,685
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01
Revenue performance obligation	18,638
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue performance obligation	25,688
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue performance obligation	25,085
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue performance obligation	20,734
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue performance obligation	15,881
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01
Revenue performance obligation	$ 30,659

Note 9 - Product Warranty Obl_7

Note 9 - Product Warranty Obligations - Recognition of Deferred Revenue Related to Extended Warranties (Details) (Parentheticals)	Mar. 31, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01
Revenue performance period (Year)	9 months
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
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01
Revenue performance period (Year)	1 year

Note 9 - Product Warranty Obl_8

Note 9 - Product Warranty Obligations - Deferred Product Obligations (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2022	Dec. 31, 2021
Current portion - accrued product warranty	$ 80,902	$ 89,141
Long-term portion - other long-term liabilities	47,697	48,870
Total	128,599	138,011	$ 101,491	$ 94,213
Current portion - other accrued liabilities	30,890	30,291
Long-term portion - other long-term liabilities	105,795	102,522
Total	$ 136,685	$ 132,813	$ 115,923	$ 111,647

Note 10 - Contract Balances (De

Note 10 - Contract Balances (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2023	Dec. 31, 2022
Contract with Customer, Liability	$ 25,326	$ 33,551
Contract with Customer, Liability, Revenue Recognized	$ 11,290

Note 11 - Credit Agreements (De

Note 11 - Credit Agreements (Details Textual) - USD ($) $ in Thousands			1 Months Ended	3 Months Ended		9 Months Ended
	Jan. 01, 2023	May 31, 2013	Jun. 30, 2022	Mar. 31, 2023	Jun. 30, 2022	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Short-Term Debt				$ 64,093			$ 48,990
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity			$ 1,250,000		$ 1,250,000
Covenant Maximum Total Leverage Ratio				3.75
Covenant Minimum Interest Coverage Ratio				3
Total Leverage Ratio				2.22
Interest Coverage Ratio				30.99
Debt Issuance Costs, Net, Total			10,330		10,330
Debt Instrument, Fee Amount			800		800
Long-Term Line of Credit				$ 250,000
Line of Credit Facility, Remaining Borrowing Capacity				$ 998,580
ABL Revolving Credit Facility [Member]
Write off of Deferred Debt Issuance Cost			197
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%
Debt Instrument, Interest Rate, Effective Percentage				6.52%
Repayments of Long-Term Debt, Total			250,000
Gain (Loss) on Extinguishment of Debt, Total					3,546
Tranche B Term Loan Facility [Member] | Maximum [Member]
Threshold for Secured Leverage Ratio Excess Cash Flow Payment Requirement				3.75
Secured Leverage Ratio				2.13
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
Tranche A Term Loan Facility and Revolving Credit Facility [Member]
Debt Instrument, SOFR Floor	0%			0%
Debt Instrument, Interest Rate, Effective Percentage				6.27%
Long-Term Debt, Maturity Date			Jun. 29, 2027		Jun. 29, 2027
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]
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]
Debt Instrument, Basis Spread on Variable Rate	1.25%

Note 11 - Credit Agreements - L

Note 11 - Credit Agreements - Long-term Borrowings (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Original issue discount and deferred financing costs	$ (15,614)	$ (16,568)
Finance lease obligation	29,765	27,420
Other	1,233	966
Total	1,545,384	1,381,818
Less: current portion of debt	15,050	10,083
Less: current portion of finance lease obligation	(2,979)	(2,650)
Total	1,527,355	1,369,085
Revolving Credit Facility [Member]
Revolving Facility	250,000	90,000
Tranche A Term Loan Facility [Member]
Term Loan	750,000	750,000
Tranche B Term Loan Facility [Member]
Term Loan	$ 530,000	$ 530,000

Note 11 - Credit Agreements - M

Note 11 - Credit Agreements - Maturities of Long-term Borrowings Outstanding (Details) $ in Thousands	Mar. 31, 2023 USD ($)
2023	$ 9,375
2024	28,125
2025	46,875
2026	595,625
2027	850,000
Total	1,530,000
Tranche A Term Loan Facility [Member]
2023	9,375
2024	28,125
2025	46,875
2026	65,625
2027	600,000
Total	750,000
Tranche B Term Loan Facility [Member]
2023	0
2024	0
2025	0
2026	530,000
2027	0
Total	530,000
ABL Revolving Credit Facility [Member]
2023	0
2024	0
2025	0
2026	0
2027	250,000
Total	$ 250,000

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		92 Months Ended
	Aug. 31, 2022	Sep. 30, 2020	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Aug. 05, 2022
Stock Repurchase Program, Authorized Amount		$ 250,000				$ 500,000
Stock Repurchase Program, Period in Force (Month)	24 years	24 months
Treasury Stock, Common [Member]
Shares Acquired Under Stock Repurchases Program, Shares (in shares)			0	0	11,748,713
Payments for Repurchase of Common Stock					$ 777,379
Shares Acquired, Average Cost Per Share (in dollars per share)					$ 66.17

Note 13 - Earnings Per Share (D

Note 13 - Earnings Per Share (Details Textual) - shares	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	411,000	17,000

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
		Mar. 31, 2023	Mar. 31, 2022
Net income attributable to Generac Holdings Inc.		$ 12,430	$ 113,858
Redeemable noncontrolling interest redemption value adjustment		(9,016)	(11,947)
Net income attributable to common shareholders		$ 3,414	$ 101,911
Weighted average shares, basic (in shares)		61,556,044	63,449,380
Dilutive effect of stock compensation awards (in shares)	[1]	738,403	1,279,626
Dilutive effect of contingently issued shares (in shares)		0	99,813
Diluted shares (in shares)		62,294,447	64,828,819
Net income attributable to Generac Holdings Inc. per common share - basic: (in dollars per share)		$ 0.06	$ 1.61
Net income attributable to Generac Holdings Inc. per common share - diluted: (in dollars per share)		$ 0.05	$ 1.57
[1]Excludes approximately 411,000 and 17,000 stock options and restricted stock awards for the three months ended March 31, 2023 and March 31, 2022, respectively.

Note 14 - Income Taxes (Details

Note 14 - Income Taxes (Details Textual)	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Effective Income Tax Rate Reconciliation, Percent	35.70%	19.70%

Note 15 - Commitments and Con_2

Note 15 - Commitments and Contingencies (Details Textual) - USD ($)	May 03, 2023	Aug. 01, 2022	Mar. 31, 2023	Dec. 31, 2022	Oct. 07, 2022
Amount Financed by Dealers			$ 179,800	$ 212,200
Power Home Solar, LLC [Member] | Collectibility of Receivables [Member]
Accounts Receivable, before Allowance for Credit Loss					$ 17,700
Consumer Product Safety Commission [Member] | Subsequent Event [Member]
Settlement Agreement, Civil Fine Payments	$ 15,800
Power Home Solar, LLC Against Generac Power Systems, Inc. [Member] | Minimum [Member]
Loss Contingency, Damages Sought, Value		$ 25,000