Generac (GNRC) 10-K 21 Feb 24 2023 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Feb. 16, 2024	Jun. 30, 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	FY
Document Fiscal Year Focus	2023
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 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 Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 9,000,000,000
Entity Common Stock, Shares Outstanding		60,269,310
Auditor Name	Deloitte & Touche LLP
Auditor Location	Milwaukee, Wisconsin
Auditor Firm ID	34

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 200,994	$ 132,723
Accounts receivable, less allowance for credit losses of $33,925 and $27,664 at December 31, 2023 and 2022, respectively	537,316	522,458
Inventories	1,167,484	1,405,384
Prepaid expenses and other assets	91,898	121,783
Total current assets	1,997,692	2,182,348
Property and equipment, net	598,577	467,604
Customer lists, net	184,513	206,987
Patents and technology, net	417,441	454,757
Other intangible assets, net	27,127	41,719
Tradenames, net	216,995	227,251
Goodwill	1,432,384	1,400,880
Deferred income taxes	15,532	12,746
Operating lease and other assets	203,051	175,170
Total assets	5,093,312	5,169,462
Current liabilities:
Short-term borrowings	81,769	48,990
Accounts payable	340,719	446,050
Accrued wages and employee benefits	54,970	45,741
Accrued product warranty	65,298	89,141
Other accrued liabilities	292,120	349,389
Current portion of long-term borrowings and finance lease obligations	45,895	12,733
Total current liabilities	880,771	992,044
Long-term borrowings and finance lease obligations	1,447,553	1,369,085
Deferred income taxes	90,012	125,691
Deferred revenue	167,008	143,726
Operating lease and other long-term liabilities	158,349	169,190
Total liabilities	2,743,693	2,799,736
Redeemable noncontrolling interest	6,549	110,471
Stockholders’ equity:
Common stock, par value $0.01, 500,000,000 shares authorized, 73,195,055 and 72,701,257 shares issued at December 31, 2023 and 2022, respectively	733	728
Additional paid-in capital	1,070,386	1,016,138
Treasury stock, at cost, 13,057,298 and 11,284,350 shares at December 31, 2023 and 2022, respectively	(1,032,921)	(808,491)
Excess purchase price over predecessor basis	(202,116)	(202,116)
Retained earnings	2,519,313	2,316,224
Accumulated other comprehensive loss	(15,143)	(65,102)
Stockholders’ equity attributable to Generac Holdings Inc.	2,340,252	2,257,381
Noncontrolling interests	2,818	1,874
Total stockholders’ equity	2,343,070	2,259,255
Total liabilities and stockholders’ equity	$ 5,093,312	$ 5,169,462

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accounts receivable, allowance for doubtful accounts	$ 33,925	$ 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)	73,195,055	72,701,257
Treasury Stock, Common, Shares	13,057,298	11,284,350

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net sales		$ 4,022,667	$ 4,564,737	$ 3,737,184
Costs of goods sold		2,657,236	3,042,733	2,377,102
Gross profit		1,365,431	1,522,004	1,360,082
Operating expenses:
Selling and service		448,199	496,260	319,020
Research and development		173,443	159,774	104,303
General and administrative		252,936	194,861	144,272
Acquisition related costs		460	1,459	21,465
Amortization of intangibles		104,194	103,320	49,886
Total operating expenses		979,232	955,674	638,946
Income from operations		386,199	566,330	721,136
Other (expense) income:
Interest expense		(97,627)	(54,826)	(32,953)
Investment income		4,272	1,129	1,415
Loss on extinguishment of debt	[1]	0	(3,743)	(831)
Other, net		(2,544)	(424)	2,759
Total other expense, net		(95,899)	(57,864)	(29,610)
Income before provision for income taxes		290,300	508,466	691,526
Provision for income taxes		73,180	99,596	134,957
Net income		217,120	408,870	556,569
Net income attributable to noncontrolling interests		2,514	9,368	6,075
Net income attributable to Generac Holdings Inc.		214,606	399,502	550,494
Other comprehensive income (loss):
Foreign currency translation adjustment		57,963	(48,841)	(41,030)
Net unrealized (loss) gain on derivatives		(8,004)	38,494	20,529
Other comprehensive income (loss)		49,959	(10,347)	(20,501)
Total comprehensive income		267,079	398,523	536,068
Comprehensive income attributable to noncontrolling interests		2,581	11,179	5,496
Comprehensive income attributable to Generac Holdings Inc.		$ 264,498	$ 387,344	$ 530,572
Net income attributable to Generac Holdings Inc. per common share - basic: (in dollars per share)		$ 3.31	$ 5.55	$ 8.51
Weighted average common shares outstanding - basic: (in shares)		61,265,060	63,117,007	62,686,001
Net income attributable to Generac Holdings Inc. per common share - diluted: (in dollars per share)		$ 3.27	$ 5.42	$ 8.3
Weighted average common shares outstanding - diluted: (in shares)		62,058,387	64,681,357	64,253,408
[1]Represents the non-cash write-off of original issue discount and deferred financing costs due primarily to a voluntary prepayment of debt.

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - 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, 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
Change in noncontrolling interest share								(96)	(96)
Net unrealized (loss) gain on derivatives						20,529	20,529		20,529
Foreign currency translation adjustment						(41,030)	(41,030)	(3)	(41,033)
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price (in shares)	331,048
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price	$ 3	7,073					7,076		7,076
Common stock issued for business combination (in shares)	30,640
Common stock issued for business combination	$ 1	12,000					12,001		12,001
Treasury stock issued for business combination (in shares)			937,283
Treasury stock issued for business combination		384,371	$ 36,403				420,774		420,774
Net share settlement of restricted stock awards (in shares)			(80,583)
Net share settlement of restricted stock awards			$ (27,223)				(27,223)		(27,223)
Stock repurchases (in shares)			(350,000)
Stock repurchases			$ (125,992)				(125,992)		(125,992)
Share-based compensation		23,954					23,954		23,954
Redemption value adjustment					(17,102)		(17,102)		(17,102)
Net income attributable to Generac Holdings Inc.					550,494		550,494		550,494
Net income								501
Net income									550,995
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
Net unrealized (loss) gain on derivatives						38,494	38,494		38,494
Foreign currency translation adjustment						(48,841)	(48,841)	(264)	(49,105)
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price (in shares)	315,240
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price	$ 3	(247)					(244)		(244)
Net share settlement of restricted stock awards (in shares)			(91,843)
Net share settlement of restricted stock awards			$ (26,833)				(26,833)		(26,833)
Stock repurchases (in shares)			(2,722,007)
Stock repurchases			$ (345,840)				(345,840)		(345,840)
Share-based compensation		29,481					29,481		29,481
Redemption value adjustment					(49,235)		(49,235)		(49,235)
Net income attributable to Generac Holdings Inc.					399,502		399,502		399,502
Net income								1,825
Net income									401,327
Payment of acquisition contingent consideration (in shares)			196,531
Payment of acquisition contingent consideration		33,965	$ 13,158				47,123		47,123
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
Net unrealized (loss) gain on derivatives						(8,004)	(8,004)		(8,004)
Foreign currency translation adjustment						57,963	57,963	128	58,091
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price (in shares)	482,855
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price	$ 5	3,345					3,350		3,350
Net share settlement of restricted stock awards (in shares)			(50,591)
Net share settlement of restricted stock awards			$ (6,313)				(6,313)		(6,313)
Stock repurchases (in shares)			(2,188,475)
Stock repurchases			$ (251,513)				(251,513)		(251,513)
Share-based compensation		35,492					35,492		35,492
Redemption value adjustment					(11,517)		(11,517)		(11,517)
Net income attributable to Generac Holdings Inc.					214,606		214,606		214,606
Net income								816
Net income									215,422
Payment of acquisition contingent consideration (in shares)	10,943		466,118
Payment of acquisition contingent consideration	$ 0	15,411	$ 33,396				48,807		48,807
Balance (in shares) at Dec. 31, 2023	73,195,055		(13,057,298)
Balance at Dec. 31, 2023	$ 733	$ 1,070,386	$ (1,032,921)	$ (202,116)	$ 2,519,313	$ (15,143)	$ 2,340,252	$ 2,818	$ 2,343,070

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating activities
Net income		$ 217,120	$ 408,870	$ 556,569
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation		62,408	52,821	42,155
Amortization of intangible assets		104,194	103,320	49,886
Amortization of original issue discount and deferred financing costs		3,885	3,234	2,589
Loss on extinguishment of debt	[1]	0	3,743	831
Deferred income taxes		(34,478)	(95,465)	(2,096)
Share-based compensation expense	[2]	35,492	29,481	23,954
Gain on disposal of assets		(285)	(592)	(4,393)
Other noncash charges		5,922	18,339	206
Net changes in operating assets and liabilities, net of acquisitions:
Accounts receivable		(18,272)	6,547	(131,861)
Inventories		262,670	(319,274)	(470,991)
Other assets		24,266	4,766	(819)
Accounts payable		(120,900)	(223,031)	297,323
Accrued wages and employee benefits		7,962	(27,369)	5,814
Other accrued liabilities		(27,337)	110,036	73,798
Excess tax benefits from equity awards		(977)	(16,910)	(31,809)
Net cash provided by operating activities		521,670	58,516	411,156
Investing activities
Proceeds from sale of property and equipment		2,896	2,077	259
Proceeds from sale of investment		0	1,308	4,968
Proceeds from beneficial interest in securitization transactions		3,294	3,566	4,609
Contribution to tax equity investment		(6,627)	(14,930)	(3,660)
Expenditures for property and equipment		(129,060)	(86,188)	(109,992)
Purchase of long-term investments		(32,592)	(15,000)	0
Acquisition of businesses, net of cash acquired		(15,974)	(25,065)	(713,471)
Net cash used in investing activities		(178,063)	(134,232)	(817,287)
Financing activities
Proceeds from short-term borrowings		64,257	248,209	272,818
Proceeds from long-term borrowings		348,827	1,026,284	150,088
Repayments of short-term borrowings		(37,104)	(268,133)	(239,113)
Repayments of long-term borrowings and finance lease obligations		(288,699)	(542,191)	(108,556)
Stock repurchases		(251,513)	(345,840)	(125,992)
Payment of contingent acquisition consideration		(4,979)	(16,135)	(3,750)
Payment of debt issuance costs		0	(10,330)	(1,185)
Purchase of additional ownership interest		(104,844)	(375)	(27,164)
Cash dividends paid to noncontrolling interest of subsidiary		0	(309)	0
Taxes paid related to equity awards		(10,897)	(40,923)	(58,903)
Proceeds from the exercise of stock options		7,815	13,786	38,787
Net cash (used in) provided by financing activities		(277,137)	64,043	(102,970)
Effect of exchange rate changes on cash and cash equivalents		1,801	(2,943)	1,312
Net increase (decrease) in cash and cash equivalents		68,271	(14,616)	(507,789)
Cash and cash equivalents at beginning of period		132,723	147,339	655,128
Cash and cash equivalents at end of period		200,994	132,723	147,339
Supplemental disclosure of cash flow information
Interest		84,027	48,912	27,842
Income taxes		$ 100,082	$ 150,893	$ 156,728
[1]Represents the non-cash write-off of original issue discount and deferred financing costs due primarily to a voluntary prepayment of 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	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	1. Description of Business Founded in 1959, Over the years, the Company has executed a number of acquisitions that support its strategic plan (refer to Item 1 10 ● In June 2021, 1975 ● In July 2021, ● In September 2021, ● In September 2021, ● In October 2021, ● In December 2021, 2007 ● In June 2022, ● In October 2022, ● In February 2023,

Note 2 - Summary of Accounting

Note 2 - Summary of Accounting Policies	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. Summary of Accounting Policies Principles of Consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries that are consolidated in conformity with U.S. GAAP. All intercompany amounts and transactions have been eliminated in consolidation. Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three Concentration of Credit Risk The Company maintains the majority of its domestic cash in a few commercial banks in multiple operating and investment accounts. Balances on deposit are insured by the Federal Deposit Insurance Corporation (FDIC) up to specified limits. Balances in excess of FDIC limits are uninsured. One customer accounted for approximately 7% December 31, 2023 2022 No one 4% December 31, 2023 2022 2021 Accounts Receivable and Allowance for Credit Losses The Company's trade and other receivables primarily arise from the sale of its products and services to independent residential dealers, industrial distributors and dealers, national and regional retailers, electrical/HVAC/solar wholesalers, e-commerce partners, equipment rental companies, equipment distributors, solar installers, utilities, EPC companies, telecommunications customers, and certain end users with payment terms generally ranging from 30 90 may Receivables are recorded at their face value amount less an allowance for credit losses. The Company maintains an allowance for credit losses, which represents an estimate of expected losses over the remaining contractual life of its receivables considering current market conditions and estimates for supportable forecasts when appropriate. The Company measures expected credit losses on its trade receivables on an entity-by-entity basis. The estimate of expected credit losses considers a historical loss experience rate that is adjusted for delinquency trends, collection experience, and/or economic risk where appropriate based on current market conditions. Additionally, management develops a specific allowance for trade receivables known to have a high risk of expected future credit loss. The Company holds various credit insurance plans that cover the risk of loss up to specified amounts on certain trade receivables. As of December 31, 2023, $571,241 $33,925. The following is a tabular reconciliation of the Company's allowance for credit losses: Year Ended December 31, 2023 2022 Balance at beginning of period $ 27,664 $ 12,025 Established for acquisitions 24 498 Provision for credit losses (1) 7,443 17,966 Charge-offs (1,464 ) (2,554 ) Currency translation 258 (271 ) Balance at end of period $ 33,925 $ 27,664 ( 1 2022 Inventories Inventories are stated at the lower of cost or market, with cost determined using the first first Property and Equipment Property and equipment, including internal use software and software to provide a service, is recorded at cost and depreciated using the straight-line method over the estimated useful lives of the assets, which are summarized below (in years). Costs of leasehold improvements are amortized over the lesser of the term of the lease (including renewal option periods) or the estimated useful lives of the improvements. The Company capitalizes significant software enhancements. Implementation costs incurred in cloud computing arrangements that are service contracts are recorded in prepaid expenses and other assets and operating lease and other assets on the Consolidated Balance Sheets and are amortized over the expected service period. Finance lease right of use assets are included in property and equipment. Refer to Note 10, Land improvements 8 – 20 Buildings and improvements 10 – 40 Machinery and equipment 3 – 15 Dies and tools 3 – 10 Vehicles 3 – 6 Office & information technology equipment and internal use software 3 – 15 Leasehold improvements 2 – 20 Total depreciation expense was $62,408, December 31, 2023, 2022 2021 Goodwill and Other Indefinite-Lived Intangible Assets Goodwill represents the excess of the purchase price over fair value of identifiable net assets acquired from business acquisitions. Goodwill is not October 31 may not not not not not not not Other indefinite-lived intangible assets consist of certain tradenames. The Company tests the carrying value of these tradenames annually as of October 31, may not not The Company performed the required annual impairment tests for goodwill and other indefinite-lived intangible assets for the fiscal years 2023 2022 2021 no Impairment of Long-Lived Assets The Company periodically evaluates the carrying value of long-lived assets (excluding goodwill and indefinite-lived tradenames). Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not Debt Issuance Costs Debt discounts and direct costs incurred in connection with the issuance or amendment of long-term debt are deferred and recorded as a reduction of outstanding debt and amortized to interest expense using the effective interest method over the terms of the related credit agreements. $3,885, 2023 2022 2021 five 2024 $3,923; 2025 $3,919; 2026 $3,819; 2027 $1,028; 2028 $0. Income Taxes The Company is a C Corporation and therefore accounts for income taxes pursuant to the liability method. Accordingly, the current or deferred tax consequences of a transaction are measured by applying the provision of enacted tax laws to determine the amount of taxes payable currently or in future years. Deferred income taxes are provided for temporary differences between the income tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not not Revenue Recognition not one not not one not While the Company’s standard payment terms are less than one $19,173 a $33,551 December 31, 2023 December 31, 2022 December 31, 2023 of $33,551 December 31, 2022 one The Company offers standard warranty coverage on substantially all products that it sells and accounts for this standard warranty coverage as an assurance warranty. As such, no 11, The Company also sells extended warranty coverage for certain products, which it accounts for as service warranties. In most cases, the extended warranty is sold as a separate contract. As such, extended warranty sales are considered a separate performance obligation, and the extended warranty transaction is separate and distinct from the product. The extended warranty transaction price is initially recorded as deferred revenue in the consolidated balance sheets and amortized on a straight-line basis to net sales in the consolidated statements of comprehensive income over the life of the contracts following the standard warranty period. For extended warranty contracts that the Company sells under a third third 11, In addition to extended warranties, the Company offers other services, including remote monitoring, installation, maintenance, data center and telecom design and build, and grid services to utilities in certain circumstances. Total service revenues accounted for less th an 4%, 3%, 2% December 31, 2023, 2022 2021 Refer to Note 7, Advertising and Co-Op Advertising Expenditures for advertising, included in selling and service expenses in the consolidated statements of comprehensive income, are expensed as incurred. Expenditures for advertising production costs are expensed when the related advertisement is first ere $118,303, $ December 31, 2023, 2022 2021 Research and Development The Company expenses research and development costs as incurred. Total expenditures incurred for research and development were $173,443, December 31, 2023, 2022 2021 Foreign Currency Translation and Transactions Balance sheet amounts for non-U.S. Dollar functional currency subsidiaries are translated into U.S. Dollars at the rates of exchange in effect at the end of the fiscal year. Income and expenses incurred in a foreign currency are translated at the average rates of exchange in effect during the year. The related balance sheet translation adjustments are made directly to accumulated other comprehensive loss, a component of stockholders’ equity, in the consolidated balance sheets. Gains and losses from foreign currency transactions are recognized as incurred in the consolidated statements of comprehensive income. Fair Value of Financial Instruments 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 $524,946, $531,325 2 December 31, 2023 The fair value of Term Loan A and Revolving Facility approximates the carrying value. For the fair value of the assets and liabilities measured on a recurring basis, excluding the contingent consideration discussed below, refer to the fair value table in Note 5, 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 consolidated statements of comprehensive income. The fair value measurement of contingent consideration is typically categorized as a Level 3 not The fair value of contingent consideration for Chilicon and Pramac as of December 31, 2023 December 31, 2023. December 31, 2022 December 31, 2028. December 31, 2025. 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) (53,786 ) Present value interest accretion (300 ) Ending balance, December 31, 2023 $ 38,937 ( 1 4, ( 2 Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Derivative Instruments and Hedging Activities The Company records all derivatives in accordance with ASC 815, Derivatives and Hedging , not S hare -Based Compensation Share-based compensation expense, including stock options and restricted stock awards, is generally recognized on a straight-line basis over the vesting period based on the fair value of awards which are expected to vest. The fair value of all share-based awards is estimated on the date of grant. Refer to Note 17, Acquisition related costs Acquisition related costs are external costs the Company incurs to complete a business combination including legal fees, professional and advisory services, transaction taxes such as stamp tax, and insurance premiums. The Company accounts for acquisition related costs as expense in the period in which the costs are incurred and the services are received. Total acquisition related costs wer e $460, December 31, 2023, 2022 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). In December 2023, ASU 2023 09 December 15, 2024, December 15, 2025. may may In November 2023, 2023 07 Segment Reporting - Improving Reportable Segment Disclosures (Topic 280 280 December 15, 2023, December 15, 2024, There have been no 2023

Note 3 - Acquisitions

Note 3 - Acquisitions	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Business Combination Disclosure [Text Block]	3. Acquisitions Fiscal 2023 Acquisitions On February 1, 2023, The Company recorded its preliminary purchase price allocation for REFUstor during the first 2023, March 31, 2024, not December 31, 2023. December 31, 2023. Fiscal 2022 Acquisitions On June 30, 2022, On October 3, 2022, The combined purchase price for these two second fourth 2022, second 2023 not fourth 2023 not December 31, 2023. Fiscal 2021 Acquisition of Deep Sea On June 1, 2021, The Company finalized the Deep Sea purchase price allocation during the second 2022 not not December 31, 2023. 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 Paid on January 4, 2024. ( 2 Payable in common stock issued upon achievement of certain performance targets within 45 December 31, 2028. The Company finalized the Chilicon purchase price allocation during the second 2022 not not December 31, 2023. Acquisition of Off Grid Energy On September 1, 2021, third 2022 The Company finalized the Off Grid Energy purchase price allocation during the third 2022 not not December 31, 2023. Acquisition of ecobee On December 1, 2021, Cash paid at closing $ 225,403 Common stock issued at closing 420,774 Contingent consideration (1) 89,400 Total purchase price $ 735,577 ( 1 The contingent consideration for the period ended June 30, 2022, fourth 2022 fourth 2022, June 30, 2023. first 2023. The Company finalized the ecobee purchase price allocation during the fourth 2022 not December 31, 2023. Other Acquisitions On September 1, 2021, On October 1, 2021, The combined purchase price for these two third 2022 not two December 31, 2023. Summary Purchase Price Allocations The fair values assigned to certain assets acquired and liabilities assumed for all acquisitions completed during the reporting period, as of the acquisition dates, are as follows: 2021 Acquisitions 2023 Acquisitions 2022 Acquisitions Deep Sea ecobee All Other Total Accounts receivable $ 347 $ 11,965 $ 9,574 $ 23,337 $ 13,852 $ 46,763 Inventories 1,239 2,955 9,970 7,258 7,034 24,262 Prepaid expenses and other current assets 166 4,456 1,181 5,689 6,594 13,464 Property and equipment 5,843 708 8,838 3,588 480 12,906 Intangible assets 6,174 10,032 174,270 557,900 81,171 813,341 Goodwill 5,363 8,714 263,604 248,231 83,859 595,694 Deferred income taxes - - - 40,020 5,694 45,714 Other assets 837 1,954 151 9,289 8,526 17,966 Total assets acquired 19,969 40,784 467,588 895,312 207,210 1,570,110 Accounts payable 1,278 1,826 8,998 25,968 7,473 42,439 Accrued wages and employee benefits 264 1,662 2,106 1,354 872 4,332 Other accrued liabilities 236 7,917 1,737 19,898 18,258 39,893 Short-term borrowings - - - - 800 800 Current portion of long-term borrowings and finance lease obligations - - - - 233 233 Deferred income taxes 2,007 564 33,957 78,753 19,930 132,640 Other long-term liabilities 57 1,157 90 33,762 9,997 43,849 Long-term debt - - - - 1,624 1,624 Net assets acquired $ 16,127 $ 27,658 $ 420,700 $ 735,577 $ 148,023 $ 1,304,300 The allocations of the purchase price to identifiable assets and liabilities for the 2022 2021 Unaudited Pro Forma Information The following unaudited pro forma information of the Company gives effect to all acquisitions as though the transactions had occurred on January 1, 2021. Year Ended December 31, 2023 2022 2021 Net Sales: As reported $ 4,022,667 $ 4,564,737 $ 3,737,184 Pro forma 4,022,826 4,600,162 3,933,666 Net income attributable to Generac Holdings Inc.: As reported $ 214,606 $ 399,502 $ 550,494 Pro forma (1) 214,343 395,261 461,193 Net income attributable to Generac Holdings Inc. per common share - diluted As reported $ 3.27 $ 5.42 $ 8.30 Pro forma 3.27 5.36 6.91 ( 1 Includes additional pro forma intangible amortization from all acquisitions as though the transactions had occurred on January 1, 2021 December 31, 2023, 2022, 2021, This unaudited pro forma information is presented for informational purposes only and is not January 1, 2021.

Note 4 - Redeemable Noncontroll

Note 4 - Redeemable Noncontrolling Interest	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Redeemable Noncontrolling Interest [Text Block]	4. Redeemable Noncontrolling Interest On March 1, 2016, May 2021, March 8, 2023, first 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 14, Year Ended December 31, 2023 2022 2021 Balance at beginning of period $ 110,471 $ 58,050 $ 66,207 Share of net income (loss) 1,864 7,543 5,574 Foreign currency translation (549 ) (3,982 ) (3,669 ) Purchase of additional ownership interest (116,754 ) (375 ) (27,164 ) Redemption value adjustment 11,517 49,235 17,102 Balance at end of period $ 6,549 $ 110,471 $ 58,050

Note 5 - Derivative Instruments

Note 5 - Derivative Instruments and Hedging Activities	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	5. Derivative Instruments and Hedging Activities Commodities The Company is exposed to price fluctuations in commodities including steel, copper and aluminum; and periodically utilizes commodity derivatives to mitigate the impact of these potential price fluctuations on its financial results. These derivatives typically have maturities of less than eighteen Because these contracts do not were not December 31, 2023, 2022 2021 December 31, 2023 2022, Company had no commodity contracts outstanding. Foreign Currencies The Company is exposed to foreign currency exchange risk as a result of transactions denominated in currencies other than the U.S. Dollar. The Company periodically utilizes foreign currency forward purchase and sales contracts to manage the volatility associated with certain foreign currency purchases and sales in the normal course of business. Contracts typically have maturities of twelve Because these contracts do not December 31, 2023, 2022 2021 not December 31, 2023 2022 53 Interest Rate Swaps In 2017, twenty inal four May 2023. March 2020, three December 31, 2023. In June 2022, 12, The amount of after-tax unrealized gains (losses) recognized for the years ended December 31, 2023, 2022 2021 re $(8,004), Fair Value The following table presents the fair value of the Company’s derivatives: December 31, 2023 2022 Foreign currency contracts $ (147) $ 94 Interest rate swaps 38,601 49,279 The fair values of the interest rate swaps are included in operating lease and other assets in the consolidated balance sheet as of December 31, 2023 2022 . Excluding the impact of credit risk, the fair value of the derivative contracts as of December 31, 2023, December 31, 2022,

Note 6 - Accumulated Other Comp

Note 6 - Accumulated Other Comprehensive Loss	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	6. Accumulated Other Comprehensive Loss The following presents a tabular disclosure of changes in AOCL during the years ended December 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 ) Current-period comprehensive income (loss) 57,963 (1) (8,004 ) (2) 49,959 Ending Balance – December 31, 2023 $ (43,582 ) $ 28,439 $ (15,143 ) Foreign Currency Translation Adjustments Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – January 1, 2022 $ (52,704 ) $ (2,051 ) $ (54,755 ) Current-period comprehensive income (loss) (48,841 ) (3) 38,494 (4) (10,347 ) Ending Balance – December 31, 2022 $ (101,545 ) $ 36,443 $ (65,102 ) ( 1 Represents favorable impact from the weakening of the U.S. dollar against foreign currencies during the year ended December 31, 2023, ( 2 Represents unrealized losses of $10,678 on the interest rate swaps, net of tax effect of $(2,674) for the year ended December 31, 2023 . ( 3 Represents unfavorable impact from the strengthening of the U.S. dollar against foreign currencies during the year ended December 31, 2022, ( 4 Represents unrealized gains of $51,352 on the interest rate swaps, net of tax effect of $(12,858) for the year ended December 31, 2022.

Note 7 - Segment Reporting

Note 7 - Segment Reporting	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	7. Segment Reporting The Company has two not 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 composition of net sales between residential, C&I, and other products & services by reportable segment is as follows: Net Sales by Segment Year Ended December 31, 2023 Product Classes Domestic International Total Residential products $ 1,945,273 $ 117,656 $ 2,062,929 Commercial & industrial products 916,118 578,681 1,494,799 Other 414,933 50,006 464,939 Total net sales $ 3,276,324 $ 746,343 $ 4,022,667 Year Ended December 31, 2022 Product Classes Domestic International Total Residential products $ 2,782,037 $ 129,834 $ 2,911,871 Commercial & industrial products 746,172 514,565 $ 1,260,737 Other 339,657 52,472 $ 392,129 Total net sales $ 3,867,866 $ 696,871 $ 4,564,737 Year Ended December 31, 2021 Product Classes Domestic International Total Residential products $ 2,366,908 $ 89,857 $ 2,456,765 Commercial & industrial products 556,520 442,478 $ 998,998 Other 240,622 40,799 $ 281,421 Total net sales $ 3,164,050 $ 573,134 $ 3,737,184 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 and subscription revenue are recognized over the life of the contract. Other service revenue is recognized when the service is performed, sometimes based on achievement of milestones. The following tables sets forth total sales by reportable segment and inclusive of intersegment sales: Year Ended December 31, 2023 Domestic International Eliminations Total External net sales $ 3,276,324 $ 746,343 $ - $ 4,022,667 Intersegment sales 43,937 91,552 (135,489 ) - Total sales $ 3,320,261 $ 837,895 $ (135,489 ) $ 4,022,667 Year Ended December 31, 2022 Domestic International Eliminations Total External net sales $ 3,867,866 $ 696,871 $ - $ 4,564,737 Intersegment sales 60,731 93,699 (154,430 ) - Total sales $ 3,928,597 $ 790,570 $ (154,430 ) $ 4,564,737 Year Ended December 31, 2021 Domestic International Eliminations Total External net sales $ 3,164,050 $ 573,134 $ - $ 3,737,184 Intersegment sales 39,339 26,123 (65,462 ) - Total sales $ 3,203,389 $ 599,257 $ (65,462 ) $ 3,737,184 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 primarily on the definition that is contained in the Company’s credit agreements. Adjusted EBITDA Year Ended December 31, 2023 2022 2021 Domestic $ 523,337 $ 716,302 $ 795,417 International 114,522 109,065 66,008 Total adjusted EBITDA $ 637,859 $ 825,367 $ 861,425 Interest expense (97,627 ) (54,826 ) (32,953 ) Depreciation and amortization (166,602 ) (156,141 ) (92,041 ) Non-cash write-down and other adjustments (1) 5,953 2,091 3,070 Non-cash share-based compensation expense (2) (35,492 ) (29,481 ) (23,954 ) Loss on extinguishment of debt (3) - (3,743 ) (831 ) Transaction costs and credit facility fees (4) (4,054 ) (5,026 ) (22,357 ) Business optimization and other charges (5) (10,551 ) (4,371 ) (33 ) Provision for legal, regulatory, and clean energy product charges (6) (38,490 ) (65,265 ) - Other (696 ) (139 ) (800 ) Income before provision for income taxes $ 290,300 $ 508,466 $ 691,526 ( 1 Includes gains/losses on dispositions of assets other than in the ordinary course of business, gains/losses on 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 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 Represents severance and other restructuring charges related to the consolidation of certain operating facilities and organizational functions. ( 6 Represents the following significant and unusual charges not 2023. announced on July 29, 2021 - 2023; 2022. 2022 2023; 2022. 2022. The following tables summarize additional financial information by reportable segment: Assets December 31, 2023 2022 2021 Domestic $ 3,770,883 $ 4,032,086 $ 3,742,101 International 1,322,429 1,137,376 1,135,679 Total $ 5,093,312 $ 5,169,462 $ 4,877,780 Depreciation and Amortization Year Ended December 31, 2023 2022 2021 Domestic $ 129,648 $ 123,768 $ 66,675 International 36,954 32,373 25,366 Total $ 166,602 $ 156,141 $ 92,041 Capital Expenditures Year Ended December 31, 2023 2022 2021 Domestic $ 103,036 $ 69,680 $ 100,672 International 26,024 16,508 9,320 Total $ 129,060 $ 86,188 $ 109,992 The Company’s sales in the United States represent approxim ately 77%, 8 0%, December 31, 2023, 2022 2021 imately 74% December 31, 2023 2022,

Note 8 - Balance Sheet Details

Note 8 - Balance Sheet Details	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Supplemental Balance Sheet Disclosures [Text Block]	8. Balance Sheet Details Inventories consist of the following: December 31, 2023 2022 Raw material $ 677,428 $ 798,340 Work-in-process 10,877 14,899 Finished goods 479,179 592,145 Total $ 1,167,484 $ 1,405,384 Property and equipment consists of the following: December 31, 2023 2022 Land and improvements $ 22,556 $ 22,589 Buildings and improvements 298,483 243,553 Machinery and equipment 271,879 229,593 Dies and tools 45,998 37,343 Vehicles 11,411 9,807 Office & information technology equipment and internal use software 185,601 148,166 Leasehold improvements 8,772 6,849 Construction in progress 98,083 52,522 Gross property and equipment 942,783 750,422 Accumulated depreciation (344,206 ) (282,818 ) Total $ 598,577 $ 467,604 Total property and equipment included finance leases of $68,079 and December 31, 2023 2022, 10, 842, Leases.

Note 9 - Goodwill and Intangibl

Note 9 - Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	9. Goodwill and Intangible Assets The changes in the carrying amount of goodwill by reportable segment for the years ended December 31, 2023 2022 Domestic International Total Balance at December 31, 2021 $ 995,444 $ 414,230 $ 1,409,674 Acquisitions of businesses, net 22,128 437 22,565 Foreign currency translation (915 ) (30,444 ) (31,359 ) Balance at December 31, 2022 1,016,657 384,223 1,400,880 Acquisitions of businesses, net 1,376 5,363 6,739 Foreign currency translation 495 24,270 24,765 Balance at December 31, 2023 $ 1,018,528 $ 413,856 $ 1,432,384 Refer to Note 3, Goodwill applicable to each reportable segment at December 31, 2023 2022 Year Ended December 31, 2023 Year Ended December 31, 2022 Gross Accumulated Impairment Net Gross Accumulated Impairment Net Domestic $ 1,521,721 $ (503,193 ) $ 1,018,528 $ 1,519,850 $ (503,193 ) $ 1,016,657 International 418,467 (4,611 ) 413,856 388,834 (4,611 ) 384,223 Total $ 1,940,188 $ (507,804 ) $ 1,432,384 $ 1,908,684 $ (507,804 ) $ 1,400,880 The following table summarizes intangible assets by major category as of December 31, 2023 2022 December 31, 2023 December 31, 2022 Weighted Average Amortization Years Gross Accumulated Amortization Net Book Value Gross Accumulated Amortization Net Book Value Finite-lived intangible assets: Tradenames 15 $ 159,671 $ (70,997 ) $ 88,674 $ 157,751 $ (58,821 ) $ 98,930 Customer lists 11 589,318 (404,805 ) 184,513 577,203 (370,216 ) 206,987 Patents and technology 14 670,099 (252,658 ) 417,441 665,563 (210,806 ) 454,757 Software - 1,046 (1,046 ) - 1,046 (1,046 ) - Non-compete/other 5 71,570 (44,443 ) 27,127 70,585 (28,866 ) 41,719 Total finite-lived intangible assets $ 1,491,704 $ (773,949 ) $ 717,755 $ 1,472,148 $ (669,755 ) $ 802,393 Indefinite-lived tradenames 128,321 - 128,321 128,321 - 128,321 Total intangible assets $ 1,620,025 $ (773,949 ) $ 846,076 $ 1,600,469 $ (669,755 ) $ 930,714 Amortization expense of intangible assets wa s $104,194, $ 2023 2022 2021 five 2024 $96,595; 2025 $91,694; 2026 $84,833; 2027 $58,065; 2028

Note 10 - Leases

Note 10 - Leases	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Lessee, Operating Leases and Finance Leases [Text Block]	10. Leases The Company leases certain manufacturing facilities, distribution centers, office space, warehouses, automobiles, machinery and computer equipment globally under both finance and operating leases. The Company’s leases have remaining lease terms of up to 18 years, of which certain leases, primarily within the buildings and improvements asset class, include options to extend for up to 10 additional years. Further, the Company leases certain buildings from a related party, which the Company has determined to be arm's length transactions. The Company determines if an arrangement is or contains a lease at contract inception. The Company recognizes a right of use (ROU) asset and lease liability at the lease commencement date based on the present value of the lease payments over the lease term. As the Company’s leases generally do not may not The Company has lease agreements with both lease and non-lease components, which it elected to account for as a single lease component. However, the Company did not The Company is a lessor of certain of its C&I mobile products as part of a rental fleet, as well as two third not The Company records its operating lease cost and amortization of finance lease ROU assets within cost of goods sold or operating expenses in the consolidated statements of comprehensive income depending on the cost center of the underlying asset. The Company records its finance lease interest cost within interest expense in the consolidated statements of comprehensive income. The components of total lease cost consist of the following: Year Ended December 31, 2023 2022 2021 Operating lease cost $ 38,980 $ 36,292 $ 22,432 Finance lease cost: Amortization of ROU assets 4,142 3,298 3,187 Interest on lease liabilities 2,540 1,945 2,021 Total lease cost $ 45,662 $ 41,535 $ 27,640 Supplemental balance sheet information related to the Company’s leases is as follows: December 31, 2023 2022 Operating Leases Operating lease ROU assets (1) $ 70,937 $ 100,083 Operating lease liabilities - current (2) $ 29,388 $ 30,330 Operating lease liabilities - noncurrent (3) 44,760 73,547 Total operating lease liabilities $ 74,148 $ 103,877 Finance Leases Finance lease ROU assets, gross $ 82,744 $ 35,470 Accumulated depreciation - finance lease ROU assets (14,665 ) (10,751 ) Finance lease ROU assets, net (4) $ 68,079 $ 24,719 Finance lease liabilities - current (5) $ 3,785 $ 2,650 Finance lease liabilities - noncurrent (6) 67,523 24,770 Total finance lease liabilities $ 71,308 $ 27,420 ( 1 Recorded in the operating lease and other assets line within the consolidated balance sheets ( 2 Recorded in the other accrued liabilities line within the consolidated balance sheets ( 3 Recorded in the operating lease and other long-term liabilities line within the consolidated balance sheets ( 4 Recorded in the property and equipment, net line within the consolidated balance sheets ( 5 Recorded in the current portion of long-term borrowings and finance lease obligations line within the consolidated balance sheets ( 6 Recorded in the long-term borrowings and finance lease obligations line within the consolidated balance sheets Supplemental cash flow information related to the Company’s leases is as follows: Year Ended December 31, 2023 2022 2021 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows - operating leases $ 39,073 $ 36,020 $ 21,250 Operating cash flows - finance leases 2,409 1,919 1,972 Financing cash flows - finance leases 3,618 4,931 4,679 ROU assets obtained in exchange for lease liabilities Operating leases 17,830 28,766 55,057 Finance leases 47,715 2,874 4,026 Weighted average remaining lease term and discount rate information related to the Company’s leases as of December 31, 2023 2022 December 31, 2023 2022 Weighted average remaining lease term (in years) Operating Leases 4.55 4.65 Finance Leases 5.34 11.26 Weighted average discount rate Operating Leases 4.63 % 4.82 % Finance Leases 6.64 % 7.58 % The maturities of the Company’s lease liabilities as of December 31, 2023 Finance Leases Operating Leases 2024 $ 8,043 $ 32,145 2025 (1) 48,297 18,887 2026 4,243 8,278 2027 3,896 7,667 2028 3,472 6,157 After 2028 22,616 12,014 Total minimum lease payments 90,567 85,148 Interest component (19,259 ) (11,000 ) Present value of minimum lease payments $ 71,308 $ 74,148 ( 1 Includes a payment for a purchase option reasonably certain to be exercised in 2025.

Note 11 - Product Warranty Obli

Note 11 - Product Warranty Obligations	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	11. Product Warranty Obligations The Company records a liability for standard product warranty obligations accounted for as assurance warranties at the time of sale of the related product to a customer based on 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: Year Ended December 31, 2023 2022 2021 Balance at beginning of period $ 138,011 $ 94,213 $ 59,218 Product warranty reserve assumed in acquisition - - 3,932 Payments (92,200 ) (77,476 ) (42,682 ) Provision for warranty issued 67,104 80,340 69,280 Changes in estimates for pre-existing warranties (1) 3,493 40,934 4,465 Balance at end of period $ 116,408 $ 138,011 $ 94,213 ( 1 Includes a specific warranty provision recorded during the third 2022 The Company also 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 Year Ended December 31, 2023 2022 2021 Balance at beginning of period $ 132,813 $ 111,647 $ 89,788 Deferred revenue contracts issued 48,107 42,869 41,560 Amortization of deferred revenue contracts (25,050 ) (21,703 ) (19,701 ) Balance at end of period $ 155,870 $ 132,813 $ 111,647 The timing of recognition of the Company’s deferred revenue balance related to extended warranties at December 31, 2023 2024 $ 28,203 2025 30,088 2026 27,407 2027 22,069 After 2027 48,103 Total $ 155,870 The Company has a post-sale extended warranty marketing agreement with a third third December 31, 2023 2022 $10,153 an December 31, 2023, 2022 2021 $2,306, Standard product warranty obligations and extended warranty related deferred revenues are included in the consolidated balance sheets as follows: December 31, 2023 2022 Product warranty liability Current portion - Accrued product warranty $ 65,298 $ 89,141 Long-term portion - other long-term liabilities 51,110 48,870 Total $ 116,408 $ 138,011 Deferred revenue related to extended warranties Current portion - other accrued liabilities $ 28,203 $ 30,291 Long-term portion - Deferred revenue 127,667 102,522 Total $ 155,870 $ 132,813

Note 12 - Credit Agreements

Note 12 - Credit Agreements	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	12. Credit Agreements Short-term borrowings included in the consolidated balance sheets as of December 31, 2023 2022 81,769 Long-term borrowings are included in the consolidated balance sheets as follows: December 31, 2023 2022 Tranche A Term Loan $ 745,313 $ 750,000 Tranche B Term Loan 530,000 530,000 Original issue discount and deferred financing costs (12,685 ) (16,568 ) Revolver 150,000 90,000 Finance lease obligation 71,308 27,420 Other 9,512 966 Total 1,493,448 1,381,818 Less: current portion of debt 42,110 10,083 Less: current portion of finance lease obligation 3,785 2,650 Total long-term borrowings and finance lease obligations $ 1,447,553 $ 1,369,085 Maturities of long-term borrowings outstanding at December 31, 2023 10, Tranche A Term Loan Tranche B Term Loan Revolver Other Total 2024 $ 32,813 $ - $ - $ 9,349 $ 42,162 2025 46,875 - - 83 46,958 2026 65,625 530,000 - 26 595,651 2027 600,000 - 150,000 26 750,026 2028 - - - 28 28 Total $ 745,313 $ 530,000 $ 150,000 $ 9,512 $ 1,434,825 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 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 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 December 31, 2023, s 7.19%. The Tranche B Term Loan Facility does not 1.00. December 31, 2023, was 2.05 to 1.00, no The Company’s credit agreements also originally provided for a senior secured ABL revolving credit facility (ABL Facility). ABL Facility borrowings initially bore interest at rates based on 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 on 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, 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, 0.0%. December 31, 2023, 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. December 31, 2023, was 2.18 to 1.00, 1.00. December 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 December 31, 2023, $1,099,203 o o $992,833 u

Note 13 - Stock Repurchase Prog

Note 13 - Stock Repurchase Programs	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Treasury Stock [Text Block]	13. Stock Repurchase Programs In September 2020, third 2022. July 2022, August 5, 2022, February 12, 2024, twenty-four may may may may During the year ended December 31, 2023, 2,188,475 $251,513. December 31, 2022, 2,722,007 December 31, 2021, August 2015), 13,937,188 for $1,028,892 (at an average cost per share of $73.82).

Note 14 - Earnings Per Share

Note 14 - Earnings Per Share	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	14. Earnings Per 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 acquisition consideration conditions as of the end of the period. Refer to Note 4, The following table reconciles the numerator and the denominator used to calculate basic and diluted earnings per share: Year Ended December 31, 2023 2022 2021 Numerator Net income attributable to Generac Holdings Inc. $ 214,606 $ 399,502 $ 550,494 Redeemable noncontrolling interest redemption value adjustment (11,517 ) (49,235 ) (17,102 ) Net income attributable to common shareholders $ 203,089 $ 350,267 $ 533,392 Denominator Weighted average shares, basic 61,265,060 63,117,007 62,686,001 Dilutive effect of stock compensation awards (1) 793,327 1,087,219 1,534,603 Dilutive effect of contingently issued shares - 477,131 32,804 Diluted shares 62,058,387 64,681,357 64,253,408 Net income attributable to common shareholders per share Basic $ 3.31 $ 5.55 $ 8.51 Diluted $ 3.27 $ 5.42 $ 8.30 ( 1 For the years ended December 31, 2023, December 31, 2022, 348,000 and 76,000 st December 31, 2021.

Note 15 - Income Taxes

Note 15 - Income Taxes	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	15. Income Taxes The Company’s provision for income taxes consists of the following: Year Ended December 31, 2023 2022 2021 Current: Federal $ 71,741 $ 118,320 $ 105,236 State 13,802 25,743 21,295 Foreign 22,115 51,055 10,536 107,658 195,118 137,067 Deferred: Federal (26,504 ) (43,475 ) 10,518 State (5,254 ) (10,966 ) (3,728 ) Foreign (3,218 ) (40,109 ) (7,863 ) (34,976 ) (94,550 ) (1,073 ) Change in valuation allowance 498 (972 ) (1,037 ) Provision for income taxes $ 73,180 $ 99,596 $ 134,957 The Company files U.S. federal, U.S. state and foreign jurisdiction tax returns which are subject to examination up to the expiration of the statute of limitations. The Company believes the tax positions taken on its returns would be sustained upon an exam, or where a position is uncertain, adequate reserves have been recorded. As of December 31, 2023 no 2020. 2007 2022 2012 2023. The Company is regularly under tax return examination by tax authorities in the various jurisdictions in which we operate. The Company is actively managing the examinations and working to address any open matters. While the Company does not may may Significant components of deferred tax assets and liabilities are as follows: December 31, 2023 2022 Deferred tax assets: Accrued expenses $ 48,758 $ 46,994 Deferred revenue 36,927 34,914 Inventories 12,549 20,229 Stock-based compensation 14,143 11,750 Operating loss and credit carryforwards 54,753 56,279 Bad debt 1,380 1,415 Other 8,722 7,531 Capitalized R&D 65,523 33,738 Valuation allowance (5,136 ) (4,638 ) Total deferred tax assets 237,619 208,212 Deferred tax liabilities: Goodwill and intangible assets 253,342 260,745 Depreciation 45,964 44,385 Debt refinancing costs 828 1,184 Interest swap and derivative 9,521 12,370 Prepaid expenses 2,444 2,473 Total deferred tax liabilities 312,099 321,157 Net deferred tax liabilities $ (74,480 ) $ (112,945 ) As of December 31, 2023 2022 , deferred tax assets of $15,532 and $12,746, and deferred tax liabilities of $90,012 and $125,691, respectively, were reflected on the consolidated balance sheets. The Company maintains a valuation allowance against the deferred tax assets when it is uncertain it will generate sufficient taxable income to utilize the asset. During 2023 , the valuation allowance increased by $498 primarily due to the establishment of valuation allowances in certain jurisdictions where we believe the deferred tax assets may not At December 31, 2023, 2024 At December 31, 2023 , the Company had state manufacturing tax credit carryforwards of approximately $29,196, which expire between 2028 2038. Changes in the Company’s gross liability for unrecognized tax benefits, excluding interest and penalties, were as follows: December 31, 2023 2022 Unrecognized tax benefit, beginning of period $ 8,895 $ 8,647 Increase in unrecognized tax benefit for positions taken in prior period 3,081 97 Increase in unrecognized tax benefit for positions taken in current period 1,122 975 Statute of limitation expirations (3,395 ) (824 ) Settlements - - Unrecognized tax benefit, end of period $ 9,703 $ 8,895 The unrecognized tax benefit as of December 31, 2023 2022 As of December 31, 2023 2022 The Company does not December 31, 2024. A reconciliation of the statutory tax rate to the effective tax rate for the years ended December 31, 2023, 2022 2021 Year Ended December 31, 2023 2022 2021 U.S. statutory rate 21.0 % 21.0 % 21.0 % State taxes 4.0 4.0 4.3 State tax rate differential 0.0 (0.3 ) 0.0 Research and development credits (2.4 ) (1.1 ) (1.0 ) State credits (0.9 ) (1.5 ) (1.1 ) Share-based compensation (0.4 ) (2.7 ) (3.8 ) Nondeductible U.S. compensation 1.0 1.6 1.5 Foreign tax deduction 0.0 (0.4 ) (1.5 ) Foreign deferred tax rate change 0.0 0.0 1.2 Uncertain tax positions reserve 0.9 0.0 0.0 Global intangible low tax income 1.7 0.2 0.0 Other 0.3 (1.2 ) (1.1 ) Effective tax rate 25.2 % 19.6 % 19.5 %

Note 16 - Benefit Plans

Note 16 - Benefit Plans	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Retirement Benefits [Text Block]	16. Benefit Plans Medical and Dental Plans The Company maintains medical and dental benefit plans covering its full-time domestic employees and their dependents. These plans are partially or fully self-funded under which participant claims are obligations of the plan. These plans are funded through employer and employee contributions at a level sufficient to pay for the benefits provided by the plan. The Company’s contributions to the plans were $26,090, December 31, 2023, 2022 2021 Employees of the Company’s foreign subsidiaries participate in government sponsored medical benefit plans and other local plans. In certain cases, the Company purchases supplemental medical coverage for certain employees at these foreign locations. The expenses related to these plans are not Savings Plan The Company maintains a defined-contribution 401 may may first may December 31, 2008 may $3,735, December 31, 2023 2022 2021

Note 17 - Share Plans

Note 17 - Share Plans	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	17. Share Plans The Company adopted an equity incentive plan (the 2010 February 10, 2010 2010 2010 2010 June 2019. 2010 309, $ December 31, 2023, 2022 2021 On June 13, 2019, 2019 2019 2019 2019 2019 $35,183, December 31, 2023 2022 2021 Stock Options 2023 $110.86 per share and $119.57 2022 2021 four ten Stock option exercises can be net-share settled such that the Company withholds shares with value equivalent to the exercise price of the stock option awards plus the employees’ minimum statutory obligation for the applicable income and other employment taxes. Total shares withheld w ere 31,030, 1 7,376, December 31, 2023 2022 2021 Employees can also utilize a cashless for cash exercise of stock options, such that all exercised shares will be sold in the market immediately. Cash equivalent to the exercise price of the awards plus the employees’ minimum statutory tax obligations is remitted to the Company, with the remaining cash being transferred to the employee. Total net proceeds to the Company from the cashless for cash exercise of stock options were $7,815, December 31, 2023 2022 2021 Total payments made by the Company to the taxing authorities for the employees’ tax obligations related to stock option exercises wer e $4,895 December 31, 2023 2022 2021 The grant-date fair value of each option grant is estimated using the Black-Scholes-Merton option pricing model. The fair value is then amortized on a straight-line basis over the requisite service period of the awards, which is generally the vesting period. Use of a valuation model requires management to make certain assumptions with respect to selected model inputs. Expected volatility is calculated based on an analysis of historic volatility of the Company’s stock price. The average expected life is based on the contractual term of the option using the simplified method. The risk-free interest rate is based on U.S. Treasury zero The weighted-average assumptions used in the Black-Scholes-Merton option pricing model for 2023 2022 2021 Year Ended December 31, 2023 2022 2021 Weighted average grant date fair value per share $ 57.73 $ 129.38 $ 129.47 Assumptions: Expected stock price volatility 45 % 38 % 37 % Risk free interest rate 3.64 % 1.54 % 0.45 % Expected annual dividend per share $ - $ - $ - Expected life of options (years) 6.25 6.25 6.25 A summary of the Company’s stock option activity and related information for the years ended December 31, 2023, 2022 2021 Number of Options Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (in years) Aggregate Intrinsic Value ($ in thousands) Outstanding as of December 31, 2020 1,528,690 49.08 6.3 $ 272,553 Granted 70,392 335.70 Exercised (229,921 ) 45.95 Forfeited (27,030 ) 63.27 Outstanding as of December 31, 2021 1,342,131 64.29 5.5 $ 386,069 Granted 109,266 282.20 Exercised (137,305 ) 36.91 Forfeited (45,688 ) 194.05 Outstanding as of December 31, 2022 1,268,404 81.35 4.9 $ 47,764 Granted 208,392 119.31 Exercised (159,316 ) 42.46 Forfeited (33,144 ) 185.81 Outstanding as of December 31, 2023 1,284,336 89.64 5.0 $ 75,587 Exercisable as of December 31, 2023 961,340 63.08 3.8 $ 72,609 As of December 31, 2023 $18,109 2.6 ye December 31, 2023 2022 2021 8,229, Restricted Stock three three may 2021 2021 2023. 2022 2022 2024. 2023 2023 2025. Restricted stock vesting is net-share settled such that, upon vesting, the Company withholds shares with value equivalent to the employees’ minimum statutory tax obligation, and then pays the cash to the taxing authorities on behalf of the employees. In effect, the Company repurchases these shares and classifies them as treasury stock. Total shares withheld w ere 50,577, 92,008, and 80,583 for the years ended December 31, 2023 , 2022 and 2021 , respectively, and were based on the value of the stock on the vesting dates. Total payments made by the Company to the taxing authorities for the employees’ tax obligations related to restricted stock vesting were $6,002, $26,834, and $27, 223 December 31, 2023 2022 2021 A summary of the Company's restricted stock activity for the years ended December 31, 2023, 2022 2021 Shares Weighted-Average Grant-Date Fair Value Non-vested as of December 31, 2020 456,194 $ 68.42 Granted 126,339 223.09 Vested (202,327 ) 58.99 Forfeited (14,241 ) 138.64 Non-vested as of December 31, 2021 365,965 124.25 Granted 287,821 $ 214.58 Vested (234,284 ) 83.52 Forfeited (41,204 ) 263.47 Non-vested as of December 31, 2022 378,298 203.04 Granted 425,099 $ 117.62 Vested (133,222 ) 175.94 Forfeited (44,789 ) 213.80 Non-vested as of December 31, 2023 625,386 153.01 As of December 31, 2023 $53,392 of unrecognized compensation cost, net of expected forfeitures, related to non-vested restricted stock awards. That cost is expected to be recognized over the remaining service period, having a weighted-average period of 2.0 years. Total share-based compensation cost related to the restricted stock for the years ended December 31, 2023 , 2022 and 2021 , inclusive of performance shares, was $27,263, $ During 2023 2022 2021 16,174, 8,572, and 4,677 shares of stock, respectively, were granted to certain members of the Company’s Board of Directors as a component of their compensation for their service on the Board, all of which were fully vested at time of grant. A non-employee director can elect to receive his or her director fees in the form of deferred stock units, which voluntarily defers the issuance of the related shares granted until the director separates from the Company, or a triggering event occurs. 8,832, 5,008, and 3,160 of deferred stock units are included in the shares of stock granted to certain members of the Company’s Board of Directors for the years 2023 , 2022 , and 2021 , respectively. Total share-based compensation cost for these share grants in 2023 , 2022 and 2021 was $1,846, $1, 886,

Note 18 - Commitments and Conti

Note 18 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	18. 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 December 31, 2023 2022 $158.0 million On August 1, 2022, 7 one not may On October 28, 2022, In re: Generac Solar Power Systems Marketing, Sales Practices and Products Liability Litigation No. 23 3078. On December 1, 2022, Oakland County October 9, 2023. On February 3, 2023, 14 10 20 1934, Oakland County On October 28, 2022, Generac approximately 1.85 in 2019 and 2020 and in 2020. The On November 30, 2022, the 29, 2021. On May 3, 2023, not July 21, 2023, October 23, 2023, September 14, 2023. In 2019, 2021. three one June 23, 2023, 21 00428 20 00078 one two December 27, 2023, two On March 8, 2022, No. 22 00072 four October 5, 2023, one one On June 9, 2023, third On November 21, 2023, May 3, 2023 August 3, 2023 Walling not On February 14, 2024, Walling 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

Note 19 - Quarterly Financial I

Note 19 - Quarterly Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Quarterly Financial Information [Text Block]	19. Quarterly Financial Information (Unaudited) Quarters Ended 2023 Q1 Q2 Q3 Q4 Net sales $ 887,910 $ 1,000,420 $ 1,070,667 $ 1,063,670 Gross profit 272,499 328,421 375,787 388,724 Operating income 44,483 85,972 104,776 150,968 Net income attributable to Generac Holdings Inc. 12,430 45,198 60,377 96,601 Net income attributable to common shareholders per common share - basic: $ 0.06 $ 0.70 $ 0.98 $ 1.59 Net income attributable to common shareholders per common share - diluted: $ 0.05 $ 0.70 $ 0.97 $ 1.57 Quarters Ended 2022 Q1 Q2 Q3 Q4 Net sales $ 1,135,856 $ 1,291,391 $ 1,088,258 $ 1,049,232 Gross profit 360,748 456,985 361,104 343,167 Operating income 154,735 216,844 87,523 107,228 Net income attributable to Generac Holdings Inc. 113,858 156,359 58,270 71,015 Net income attributable to common shareholders per common share - basic: $ 1.61 $ 2.24 $ 0.84 $ 0.84 Net income attributable to common shareholders per common share - diluted: $ 1.57 $ 2.21 $ 0.83 $ 0.83

Note 20 - Valuation and Qualify

Note 20 - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
SEC Schedule, 12-09, Schedule of Valuation and Qualifying Accounts Disclosure [Text Block]	20. Valuation and Qualifying Accounts For the years ended December 31, 2023, 2022 2021 Balance at Beginning of Year Additions Charged to Earnings Charges to Reserve, Net (1) Reserves Established for Acquisitions Balance at End of Year Year ended December 31, 2023 Allowance for credit losses $ 27,664 $ 7,443 $ (1,206 ) $ 24 $ 33,925 Reserves for inventory 39,714 4,621 (5,308 ) - 39,027 Valuation of deferred tax assets 4,638 516 (18 ) - 5,136 Year ended December 31, 2022 Allowance for credit losses $ 12,025 $ 17,966 $ (2,825 ) $ 498 $ 27,664 Reserves for inventory 33,537 9,656 (4,737 ) 1,258 39,714 Valuation of deferred tax assets 7,874 649 (1,501 ) (2,384 ) 4,638 Year ended December 31, 2021 Allowance for credit losses $ 12,001 $ 206 $ (1,640 ) $ 1,458 $ 12,025 Reserves for inventory 27,817 17,698 (15,749 ) 3,771 33,537 Valuation of deferred tax assets 5,740 1,404 (2,441 ) 3,171 7,874 ( 1 Deductions from the allowance for credit losses equal accounts receivable written off against the allowance, less recoveries, as well as foreign currency translation adjustments. Deductions from the reserves for inventory excess and obsolete items equal inventory written off against the reserve as items were disposed of, as well as foreign currency translation adjustments.

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
	Dec. 31, 2023 shares
ecd_TradingArrByIndTable
Material Terms of Trading Arrangement [Text Block]	9B. Adoption: On November 13, 2023, adopted 10b5 1 10b5 1 February 28, 2025.
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false
Aaron Jagdfeld [Member]
ecd_TradingArrByIndTable
Trading Arrangement, Securities Aggregate Available Amount	60,000
Trading Arrangement Adoption Date	November 13, 2023
Trading Arrangement, Individual Name	Aaron Jagdfeld
Trading Arrangement, Individual Title	Chief Executive Officer and director
Rule 10b5-1 Arrangement Adopted [Flag]	true

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries that are consolidated in conformity with U.S. GAAP. All intercompany amounts and transactions have been eliminated in consolidation.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents The Company considers all highly liquid investments purchased with an original maturity of three
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Credit Risk The Company maintains the majority of its domestic cash in a few commercial banks in multiple operating and investment accounts. Balances on deposit are insured by the Federal Deposit Insurance Corporation (FDIC) up to specified limits. Balances in excess of FDIC limits are uninsured. One customer accounted for approximately 7% December 31, 2023 2022 No one 4% December 31, 2023 2022 2021
Receivable [Policy Text Block]	Accounts Receivable and Allowance for Credit Losses The Company's trade and other receivables primarily arise from the sale of its products and services to independent residential dealers, industrial distributors and dealers, national and regional retailers, electrical/HVAC/solar wholesalers, e-commerce partners, equipment rental companies, equipment distributors, solar installers, utilities, EPC companies, telecommunications customers, and certain end users with payment terms generally ranging from 30 90 may Receivables are recorded at their face value amount less an allowance for credit losses. The Company maintains an allowance for credit losses, which represents an estimate of expected losses over the remaining contractual life of its receivables considering current market conditions and estimates for supportable forecasts when appropriate. The Company measures expected credit losses on its trade receivables on an entity-by-entity basis. The estimate of expected credit losses considers a historical loss experience rate that is adjusted for delinquency trends, collection experience, and/or economic risk where appropriate based on current market conditions. Additionally, management develops a specific allowance for trade receivables known to have a high risk of expected future credit loss. The Company holds various credit insurance plans that cover the risk of loss up to specified amounts on certain trade receivables. As of December 31, 2023, $571,241 $33,925. The following is a tabular reconciliation of the Company's allowance for credit losses: Year Ended December 31, 2023 2022 Balance at beginning of period $ 27,664 $ 12,025 Established for acquisitions 24 498 Provision for credit losses (1) 7,443 17,966 Charge-offs (1,464 ) (2,554 ) Currency translation 258 (271 ) Balance at end of period $ 33,925 $ 27,664 ( 1 2022
Inventory, Policy [Policy Text Block]	Inventories Inventories are stated at the lower of cost or market, with cost determined using the first first
Property, Plant and Equipment, Policy [Policy Text Block]	Property and Equipment Property and equipment, including internal use software and software to provide a service, is recorded at cost and depreciated using the straight-line method over the estimated useful lives of the assets, which are summarized below (in years). Costs of leasehold improvements are amortized over the lesser of the term of the lease (including renewal option periods) or the estimated useful lives of the improvements. The Company capitalizes significant software enhancements. Implementation costs incurred in cloud computing arrangements that are service contracts are recorded in prepaid expenses and other assets and operating lease and other assets on the Consolidated Balance Sheets and are amortized over the expected service period. Finance lease right of use assets are included in property and equipment. Refer to Note 10, Land improvements 8 – 20 Buildings and improvements 10 – 40 Machinery and equipment 3 – 15 Dies and tools 3 – 10 Vehicles 3 – 6 Office & information technology equipment and internal use software 3 – 15 Leasehold improvements 2 – 20 Total depreciation expense was $62,408, December 31, 2023, 2022 2021
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill and Other Indefinite-Lived Intangible Assets Goodwill represents the excess of the purchase price over fair value of identifiable net assets acquired from business acquisitions. Goodwill is not October 31 may not not not not not not not Other indefinite-lived intangible assets consist of certain tradenames. The Company tests the carrying value of these tradenames annually as of October 31, may not not The Company performed the required annual impairment tests for goodwill and other indefinite-lived intangible assets for the fiscal years 2023 2022 2021 no
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets The Company periodically evaluates the carrying value of long-lived assets (excluding goodwill and indefinite-lived tradenames). Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not
Debt, Policy [Policy Text Block]	Debt Issuance Costs Debt discounts and direct costs incurred in connection with the issuance or amendment of long-term debt are deferred and recorded as a reduction of outstanding debt and amortized to interest expense using the effective interest method over the terms of the related credit agreements. $3,885, 2023 2022 2021 five 2024 $3,923; 2025 $3,919; 2026 $3,819; 2027 $1,028; 2028 $0.
Income Tax, Policy [Policy Text Block]	Income Taxes The Company is a C Corporation and therefore accounts for income taxes pursuant to the liability method. Accordingly, the current or deferred tax consequences of a transaction are measured by applying the provision of enacted tax laws to determine the amount of taxes payable currently or in future years. Deferred income taxes are provided for temporary differences between the income tax bases of assets and liabilities and their carrying amounts for financial reporting purposes. In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not not
Revenue from Contract with Customer [Policy Text Block]	Revenue Recognition not one not not one not While the Company’s standard payment terms are less than one $19,173 a $33,551 December 31, 2023 December 31, 2022 December 31, 2023 of $33,551 December 31, 2022 one The Company offers standard warranty coverage on substantially all products that it sells and accounts for this standard warranty coverage as an assurance warranty. As such, no 11, The Company also sells extended warranty coverage for certain products, which it accounts for as service warranties. In most cases, the extended warranty is sold as a separate contract. As such, extended warranty sales are considered a separate performance obligation, and the extended warranty transaction is separate and distinct from the product. The extended warranty transaction price is initially recorded as deferred revenue in the consolidated balance sheets and amortized on a straight-line basis to net sales in the consolidated statements of comprehensive income over the life of the contracts following the standard warranty period. For extended warranty contracts that the Company sells under a third third 11, In addition to extended warranties, the Company offers other services, including remote monitoring, installation, maintenance, data center and telecom design and build, and grid services to utilities in certain circumstances. Total service revenues accounted for less th an 4%, 3%, 2% December 31, 2023, 2022 2021 Refer to Note 7,
Advertising Cost [Policy Text Block]	Advertising and Co-Op Advertising Expenditures for advertising, included in selling and service expenses in the consolidated statements of comprehensive income, are expensed as incurred. Expenditures for advertising production costs are expensed when the related advertisement is first ere $118,303, $ December 31, 2023, 2022 2021
Research and Development Expense, Policy [Policy Text Block]	Research and Development The Company expenses research and development costs as incurred. Total expenditures incurred for research and development were $173,443, December 31, 2023, 2022 2021
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Translation and Transactions Balance sheet amounts for non-U.S. Dollar functional currency subsidiaries are translated into U.S. Dollars at the rates of exchange in effect at the end of the fiscal year. Income and expenses incurred in a foreign currency are translated at the average rates of exchange in effect during the year. The related balance sheet translation adjustments are made directly to accumulated other comprehensive loss, a component of stockholders’ equity, in the consolidated balance sheets. Gains and losses from foreign currency transactions are recognized as incurred in the consolidated statements of comprehensive income.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value of Financial Instruments ASC 820 10, Fair Value Measurement , 820 10 three 1 2 3 no The Company believes the carrying amount of its financial instruments (cash and cash equivalents, accounts receivable, accounts payable, accrued liabilities, short-term borrowings, and 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 $524,946, $531,325 2 December 31, 2023 The fair value of Term Loan A and Revolving Facility approximates the carrying value. For the fair value of the assets and liabilities measured on a recurring basis, excluding the contingent consideration discussed below, refer to the fair value table in Note 5, 2. 820 10.
Fair value of Contingent Consideration in a Business Combination [Policy Text Block]	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 consolidated statements of comprehensive income. The fair value measurement of contingent consideration is typically categorized as a Level 3 not The fair value of contingent consideration for Chilicon and Pramac as of December 31, 2023 December 31, 2023. December 31, 2022 December 31, 2028. December 31, 2025. 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) (53,786 ) Present value interest accretion (300 ) Ending balance, December 31, 2023 $ 38,937 ( 1 4, ( 2
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Derivatives, Policy [Policy Text Block]	Derivative Instruments and Hedging Activities The Company records all derivatives in accordance with ASC 815, Derivatives and Hedging , not
Share-Based Payment Arrangement [Policy Text Block]	S hare -Based Compensation Share-based compensation expense, including stock options and restricted stock awards, is generally recognized on a straight-line basis over the vesting period based on the fair value of awards which are expected to vest. The fair value of all share-based awards is estimated on the date of grant. Refer to Note 17,
Acquisition Related Costs [Policy Text Block]	Acquisition related costs Acquisition related costs are external costs the Company incurs to complete a business combination including legal fees, professional and advisory services, transaction taxes such as stamp tax, and insurance premiums. The Company accounts for acquisition related costs as expense in the period in which the costs are incurred and the services are received. Total acquisition related costs wer e $460, December 31, 2023, 2022 2021
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). In December 2023, ASU 2023 09 December 15, 2024, December 15, 2025. may may In November 2023, 2023 07 Segment Reporting - Improving Reportable Segment Disclosures (Topic 280 280 December 15, 2023, December 15, 2024, There have been no 2023

Note 2 - Summary of Accountin_2

Note 2 - Summary of Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Accounts Receivable, Allowance for Credit Loss [Table Text Block]	Year Ended December 31, 2023 2022 Balance at beginning of period $ 27,664 $ 12,025 Established for acquisitions 24 498 Provision for credit losses (1) 7,443 17,966 Charge-offs (1,464 ) (2,554 ) Currency translation 258 (271 ) Balance at end of period $ 33,925 $ 27,664
Property Plant and Equipment, Estimated Useful Lives [Table Text Block]	Land improvements 8 – 20 Buildings and improvements 10 – 40 Machinery and equipment 3 – 15 Dies and tools 3 – 10 Vehicles 3 – 6 Office & information technology equipment and internal use software 3 – 15 Leasehold improvements 2 – 20
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) (53,786 ) Present value interest accretion (300 ) Ending balance, December 31, 2023 $ 38,937

Note 3 - Acquisitions (Tables)

Note 3 - Acquisitions (Tables)	12 Months Ended
	Dec. 31, 2023
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 $ 225,403 Common stock issued at closing 420,774 Contingent consideration (1) 89,400 Total purchase price $ 735,577
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	2021 Acquisitions 2023 Acquisitions 2022 Acquisitions Deep Sea ecobee All Other Total Accounts receivable $ 347 $ 11,965 $ 9,574 $ 23,337 $ 13,852 $ 46,763 Inventories 1,239 2,955 9,970 7,258 7,034 24,262 Prepaid expenses and other current assets 166 4,456 1,181 5,689 6,594 13,464 Property and equipment 5,843 708 8,838 3,588 480 12,906 Intangible assets 6,174 10,032 174,270 557,900 81,171 813,341 Goodwill 5,363 8,714 263,604 248,231 83,859 595,694 Deferred income taxes - - - 40,020 5,694 45,714 Other assets 837 1,954 151 9,289 8,526 17,966 Total assets acquired 19,969 40,784 467,588 895,312 207,210 1,570,110 Accounts payable 1,278 1,826 8,998 25,968 7,473 42,439 Accrued wages and employee benefits 264 1,662 2,106 1,354 872 4,332 Other accrued liabilities 236 7,917 1,737 19,898 18,258 39,893 Short-term borrowings - - - - 800 800 Current portion of long-term borrowings and finance lease obligations - - - - 233 233 Deferred income taxes 2,007 564 33,957 78,753 19,930 132,640 Other long-term liabilities 57 1,157 90 33,762 9,997 43,849 Long-term debt - - - - 1,624 1,624 Net assets acquired $ 16,127 $ 27,658 $ 420,700 $ 735,577 $ 148,023 $ 1,304,300
Business Acquisition, Pro Forma Information, Nonrecurring Adjustments [Table Text Block]	Year Ended December 31, 2023 2022 2021 Net Sales: As reported $ 4,022,667 $ 4,564,737 $ 3,737,184 Pro forma 4,022,826 4,600,162 3,933,666 Net income attributable to Generac Holdings Inc.: As reported $ 214,606 $ 399,502 $ 550,494 Pro forma (1) 214,343 395,261 461,193 Net income attributable to Generac Holdings Inc. per common share - diluted As reported $ 3.27 $ 5.42 $ 8.30 Pro forma 3.27 5.36 6.91

Note 4 - Redeemable Noncontro_2

Note 4 - Redeemable Noncontrolling Interest (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Redeemable Noncontrolling Interest [Table Text Block]	Year Ended December 31, 2023 2022 2021 Balance at beginning of period $ 110,471 $ 58,050 $ 66,207 Share of net income (loss) 1,864 7,543 5,574 Foreign currency translation (549 ) (3,982 ) (3,669 ) Purchase of additional ownership interest (116,754 ) (375 ) (27,164 ) Redemption value adjustment 11,517 49,235 17,102 Balance at end of period $ 6,549 $ 110,471 $ 58,050

Note 5 - Derivative Instrumen_2

Note 5 - Derivative Instruments and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule Of Derivative Assets (Liabilities) at Fair Value [Table Text Block]	December 31, 2023 2022 Foreign currency contracts $ (147) $ 94 Interest rate swaps 38,601 49,279

Note 6 - Accumulated Other Co_2

Note 6 - Accumulated Other Comprehensive Loss (Tables)	12 Months Ended
	Dec. 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 ) Current-period comprehensive income (loss) 57,963 (1) (8,004 ) (2) 49,959 Ending Balance – December 31, 2023 $ (43,582 ) $ 28,439 $ (15,143 ) Foreign Currency Translation Adjustments Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – January 1, 2022 $ (52,704 ) $ (2,051 ) $ (54,755 ) Current-period comprehensive income (loss) (48,841 ) (3) 38,494 (4) (10,347 ) Ending Balance – December 31, 2022 $ (101,545 ) $ 36,443 $ (65,102 )

Note 7 - Segment Reporting (Tab

Note 7 - Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Disaggregation of Revenue [Table Text Block]	Net Sales by Segment Year Ended December 31, 2023 Product Classes Domestic International Total Residential products $ 1,945,273 $ 117,656 $ 2,062,929 Commercial & industrial products 916,118 578,681 1,494,799 Other 414,933 50,006 464,939 Total net sales $ 3,276,324 $ 746,343 $ 4,022,667 Year Ended December 31, 2022 Product Classes Domestic International Total Residential products $ 2,782,037 $ 129,834 $ 2,911,871 Commercial & industrial products 746,172 514,565 $ 1,260,737 Other 339,657 52,472 $ 392,129 Total net sales $ 3,867,866 $ 696,871 $ 4,564,737 Year Ended December 31, 2021 Product Classes Domestic International Total Residential products $ 2,366,908 $ 89,857 $ 2,456,765 Commercial & industrial products 556,520 442,478 $ 998,998 Other 240,622 40,799 $ 281,421 Total net sales $ 3,164,050 $ 573,134 $ 3,737,184
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Year Ended December 31, 2023 Domestic International Eliminations Total External net sales $ 3,276,324 $ 746,343 $ - $ 4,022,667 Intersegment sales 43,937 91,552 (135,489 ) - Total sales $ 3,320,261 $ 837,895 $ (135,489 ) $ 4,022,667 Year Ended December 31, 2022 Domestic International Eliminations Total External net sales $ 3,867,866 $ 696,871 $ - $ 4,564,737 Intersegment sales 60,731 93,699 (154,430 ) - Total sales $ 3,928,597 $ 790,570 $ (154,430 ) $ 4,564,737 Year Ended December 31, 2021 Domestic International Eliminations Total External net sales $ 3,164,050 $ 573,134 $ - $ 3,737,184 Intersegment sales 39,339 26,123 (65,462 ) - Total sales $ 3,203,389 $ 599,257 $ (65,462 ) $ 3,737,184
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Adjusted EBITDA Year Ended December 31, 2023 2022 2021 Domestic $ 523,337 $ 716,302 $ 795,417 International 114,522 109,065 66,008 Total adjusted EBITDA $ 637,859 $ 825,367 $ 861,425 Interest expense (97,627 ) (54,826 ) (32,953 ) Depreciation and amortization (166,602 ) (156,141 ) (92,041 ) Non-cash write-down and other adjustments (1) 5,953 2,091 3,070 Non-cash share-based compensation expense (2) (35,492 ) (29,481 ) (23,954 ) Loss on extinguishment of debt (3) - (3,743 ) (831 ) Transaction costs and credit facility fees (4) (4,054 ) (5,026 ) (22,357 ) Business optimization and other charges (5) (10,551 ) (4,371 ) (33 ) Provision for legal, regulatory, and clean energy product charges (6) (38,490 ) (65,265 ) - Other (696 ) (139 ) (800 ) Income before provision for income taxes $ 290,300 $ 508,466 $ 691,526 Assets December 31, 2023 2022 2021 Domestic $ 3,770,883 $ 4,032,086 $ 3,742,101 International 1,322,429 1,137,376 1,135,679 Total $ 5,093,312 $ 5,169,462 $ 4,877,780 Depreciation and Amortization Year Ended December 31, 2023 2022 2021 Domestic $ 129,648 $ 123,768 $ 66,675 International 36,954 32,373 25,366 Total $ 166,602 $ 156,141 $ 92,041 Capital Expenditures Year Ended December 31, 2023 2022 2021 Domestic $ 103,036 $ 69,680 $ 100,672 International 26,024 16,508 9,320 Total $ 129,060 $ 86,188 $ 109,992

Note 8 - Balance Sheet Details

Note 8 - Balance Sheet Details (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Inventory, Current [Table Text Block]	December 31, 2023 2022 Raw material $ 677,428 $ 798,340 Work-in-process 10,877 14,899 Finished goods 479,179 592,145 Total $ 1,167,484 $ 1,405,384
Property, Plant and Equipment [Table Text Block]	December 31, 2023 2022 Land and improvements $ 22,556 $ 22,589 Buildings and improvements 298,483 243,553 Machinery and equipment 271,879 229,593 Dies and tools 45,998 37,343 Vehicles 11,411 9,807 Office & information technology equipment and internal use software 185,601 148,166 Leasehold improvements 8,772 6,849 Construction in progress 98,083 52,522 Gross property and equipment 942,783 750,422 Accumulated depreciation (344,206 ) (282,818 ) Total $ 598,577 $ 467,604

Note 9 - Goodwill and Intangi_2

Note 9 - Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Goodwill [Table Text Block]	Domestic International Total Balance at December 31, 2021 $ 995,444 $ 414,230 $ 1,409,674 Acquisitions of businesses, net 22,128 437 22,565 Foreign currency translation (915 ) (30,444 ) (31,359 ) Balance at December 31, 2022 1,016,657 384,223 1,400,880 Acquisitions of businesses, net 1,376 5,363 6,739 Foreign currency translation 495 24,270 24,765 Balance at December 31, 2023 $ 1,018,528 $ 413,856 $ 1,432,384 Year Ended December 31, 2023 Year Ended December 31, 2022 Gross Accumulated Impairment Net Gross Accumulated Impairment Net Domestic $ 1,521,721 $ (503,193 ) $ 1,018,528 $ 1,519,850 $ (503,193 ) $ 1,016,657 International 418,467 (4,611 ) 413,856 388,834 (4,611 ) 384,223 Total $ 1,940,188 $ (507,804 ) $ 1,432,384 $ 1,908,684 $ (507,804 ) $ 1,400,880
Schedule Of Intangible Assets [Table Text Block]	December 31, 2023 December 31, 2022 Weighted Average Amortization Years Gross Accumulated Amortization Net Book Value Gross Accumulated Amortization Net Book Value Finite-lived intangible assets: Tradenames 15 $ 159,671 $ (70,997 ) $ 88,674 $ 157,751 $ (58,821 ) $ 98,930 Customer lists 11 589,318 (404,805 ) 184,513 577,203 (370,216 ) 206,987 Patents and technology 14 670,099 (252,658 ) 417,441 665,563 (210,806 ) 454,757 Software - 1,046 (1,046 ) - 1,046 (1,046 ) - Non-compete/other 5 71,570 (44,443 ) 27,127 70,585 (28,866 ) 41,719 Total finite-lived intangible assets $ 1,491,704 $ (773,949 ) $ 717,755 $ 1,472,148 $ (669,755 ) $ 802,393 Indefinite-lived tradenames 128,321 - 128,321 128,321 - 128,321 Total intangible assets $ 1,620,025 $ (773,949 ) $ 846,076 $ 1,600,469 $ (669,755 ) $ 930,714

Note 10 - Leases (Tables)

Note 10 - Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Lease, Cost [Table Text Block]	Year Ended December 31, 2023 2022 2021 Operating lease cost $ 38,980 $ 36,292 $ 22,432 Finance lease cost: Amortization of ROU assets 4,142 3,298 3,187 Interest on lease liabilities 2,540 1,945 2,021 Total lease cost $ 45,662 $ 41,535 $ 27,640
Schedule of Components of Lease Assets and Liabilities [Table Text Block]	December 31, 2023 2022 Operating Leases Operating lease ROU assets (1) $ 70,937 $ 100,083 Operating lease liabilities - current (2) $ 29,388 $ 30,330 Operating lease liabilities - noncurrent (3) 44,760 73,547 Total operating lease liabilities $ 74,148 $ 103,877 Finance Leases Finance lease ROU assets, gross $ 82,744 $ 35,470 Accumulated depreciation - finance lease ROU assets (14,665 ) (10,751 ) Finance lease ROU assets, net (4) $ 68,079 $ 24,719 Finance lease liabilities - current (5) $ 3,785 $ 2,650 Finance lease liabilities - noncurrent (6) 67,523 24,770 Total finance lease liabilities $ 71,308 $ 27,420
Schedule of Leases Cash Flow Information [Table Text Block]	Year Ended December 31, 2023 2022 2021 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows - operating leases $ 39,073 $ 36,020 $ 21,250 Operating cash flows - finance leases 2,409 1,919 1,972 Financing cash flows - finance leases 3,618 4,931 4,679 ROU assets obtained in exchange for lease liabilities Operating leases 17,830 28,766 55,057 Finance leases 47,715 2,874 4,026
Lease, Term and Discount Rate [Table Text Block]	December 31, 2023 2022 Weighted average remaining lease term (in years) Operating Leases 4.55 4.65 Finance Leases 5.34 11.26 Weighted average discount rate Operating Leases 4.63 % 4.82 % Finance Leases 6.64 % 7.58 %
Operating and Finance Lease, Liability, Maturity [Table Text Block]	Finance Leases Operating Leases 2024 $ 8,043 $ 32,145 2025 (1) 48,297 18,887 2026 4,243 8,278 2027 3,896 7,667 2028 3,472 6,157 After 2028 22,616 12,014 Total minimum lease payments 90,567 85,148 Interest component (19,259 ) (11,000 ) Present value of minimum lease payments $ 71,308 $ 74,148

Note 11 - Product Warranty Ob_2

Note 11 - Product Warranty Obligations (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	Year Ended December 31, 2023 2022 2021 Balance at beginning of period $ 138,011 $ 94,213 $ 59,218 Product warranty reserve assumed in acquisition - - 3,932 Payments (92,200 ) (77,476 ) (42,682 ) Provision for warranty issued 67,104 80,340 69,280 Changes in estimates for pre-existing warranties (1) 3,493 40,934 4,465 Balance at end of period $ 116,408 $ 138,011 $ 94,213 Year Ended December 31, 2023 2022 2021 Balance at beginning of period $ 132,813 $ 111,647 $ 89,788 Deferred revenue contracts issued 48,107 42,869 41,560 Amortization of deferred revenue contracts (25,050 ) (21,703 ) (19,701 ) Balance at end of period $ 155,870 $ 132,813 $ 111,647
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]	2024 $ 28,203 2025 30,088 2026 27,407 2027 22,069 After 2027 48,103 Total $ 155,870
Product Warranty Obligations Included In Consolidated Balance Sheet [Table Text Block]	December 31, 2023 2022 Product warranty liability Current portion - Accrued product warranty $ 65,298 $ 89,141 Long-term portion - other long-term liabilities 51,110 48,870 Total $ 116,408 $ 138,011 Deferred revenue related to extended warranties Current portion - other accrued liabilities $ 28,203 $ 30,291 Long-term portion - Deferred revenue 127,667 102,522 Total $ 155,870 $ 132,813

Note 12 - Credit Agreements (Ta

Note 12 - Credit Agreements (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Long-Term Debt Instruments [Table Text Block]	December 31, 2023 2022 Tranche A Term Loan $ 745,313 $ 750,000 Tranche B Term Loan 530,000 530,000 Original issue discount and deferred financing costs (12,685 ) (16,568 ) Revolver 150,000 90,000 Finance lease obligation 71,308 27,420 Other 9,512 966 Total 1,493,448 1,381,818 Less: current portion of debt 42,110 10,083 Less: current portion of finance lease obligation 3,785 2,650 Total long-term borrowings and finance lease obligations $ 1,447,553 $ 1,369,085
Schedule of Maturities of Long-Term Debt [Table Text Block]	Tranche A Term Loan Tranche B Term Loan Revolver Other Total 2024 $ 32,813 $ - $ - $ 9,349 $ 42,162 2025 46,875 - - 83 46,958 2026 65,625 530,000 - 26 595,651 2027 600,000 - 150,000 26 750,026 2028 - - - 28 28 Total $ 745,313 $ 530,000 $ 150,000 $ 9,512 $ 1,434,825

Note 14 - Earnings Per Share (T

Note 14 - Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Year Ended December 31, 2023 2022 2021 Numerator Net income attributable to Generac Holdings Inc. $ 214,606 $ 399,502 $ 550,494 Redeemable noncontrolling interest redemption value adjustment (11,517 ) (49,235 ) (17,102 ) Net income attributable to common shareholders $ 203,089 $ 350,267 $ 533,392 Denominator Weighted average shares, basic 61,265,060 63,117,007 62,686,001 Dilutive effect of stock compensation awards (1) 793,327 1,087,219 1,534,603 Dilutive effect of contingently issued shares - 477,131 32,804 Diluted shares 62,058,387 64,681,357 64,253,408 Net income attributable to common shareholders per share Basic $ 3.31 $ 5.55 $ 8.51 Diluted $ 3.27 $ 5.42 $ 8.30

Note 15 - Income Taxes (Tables)

Note 15 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Year Ended December 31, 2023 2022 2021 Current: Federal $ 71,741 $ 118,320 $ 105,236 State 13,802 25,743 21,295 Foreign 22,115 51,055 10,536 107,658 195,118 137,067 Deferred: Federal (26,504 ) (43,475 ) 10,518 State (5,254 ) (10,966 ) (3,728 ) Foreign (3,218 ) (40,109 ) (7,863 ) (34,976 ) (94,550 ) (1,073 ) Change in valuation allowance 498 (972 ) (1,037 ) Provision for income taxes $ 73,180 $ 99,596 $ 134,957
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, 2023 2022 Deferred tax assets: Accrued expenses $ 48,758 $ 46,994 Deferred revenue 36,927 34,914 Inventories 12,549 20,229 Stock-based compensation 14,143 11,750 Operating loss and credit carryforwards 54,753 56,279 Bad debt 1,380 1,415 Other 8,722 7,531 Capitalized R&D 65,523 33,738 Valuation allowance (5,136 ) (4,638 ) Total deferred tax assets 237,619 208,212 Deferred tax liabilities: Goodwill and intangible assets 253,342 260,745 Depreciation 45,964 44,385 Debt refinancing costs 828 1,184 Interest swap and derivative 9,521 12,370 Prepaid expenses 2,444 2,473 Total deferred tax liabilities 312,099 321,157 Net deferred tax liabilities $ (74,480 ) $ (112,945 )
Schedule of Unrecognized Tax Benefits Roll Forward [Table Text Block]	December 31, 2023 2022 Unrecognized tax benefit, beginning of period $ 8,895 $ 8,647 Increase in unrecognized tax benefit for positions taken in prior period 3,081 97 Increase in unrecognized tax benefit for positions taken in current period 1,122 975 Statute of limitation expirations (3,395 ) (824 ) Settlements - - Unrecognized tax benefit, end of period $ 9,703 $ 8,895
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Year Ended December 31, 2023 2022 2021 U.S. statutory rate 21.0 % 21.0 % 21.0 % State taxes 4.0 4.0 4.3 State tax rate differential 0.0 (0.3 ) 0.0 Research and development credits (2.4 ) (1.1 ) (1.0 ) State credits (0.9 ) (1.5 ) (1.1 ) Share-based compensation (0.4 ) (2.7 ) (3.8 ) Nondeductible U.S. compensation 1.0 1.6 1.5 Foreign tax deduction 0.0 (0.4 ) (1.5 ) Foreign deferred tax rate change 0.0 0.0 1.2 Uncertain tax positions reserve 0.9 0.0 0.0 Global intangible low tax income 1.7 0.2 0.0 Other 0.3 (1.2 ) (1.1 ) Effective tax rate 25.2 % 19.6 % 19.5 %

Note 17 - Share Plans (Tables)

Note 17 - Share Plans (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Year Ended December 31, 2023 2022 2021 Weighted average grant date fair value per share $ 57.73 $ 129.38 $ 129.47 Assumptions: Expected stock price volatility 45 % 38 % 37 % Risk free interest rate 3.64 % 1.54 % 0.45 % Expected annual dividend per share $ - $ - $ - Expected life of options (years) 6.25 6.25 6.25
Share-Based Payment Arrangement, Option, Activity [Table Text Block]	Number of Options Weighted-Average Exercise Price Weighted-Average Remaining Contractual Term (in years) Aggregate Intrinsic Value ($ in thousands) Outstanding as of December 31, 2020 1,528,690 49.08 6.3 $ 272,553 Granted 70,392 335.70 Exercised (229,921 ) 45.95 Forfeited (27,030 ) 63.27 Outstanding as of December 31, 2021 1,342,131 64.29 5.5 $ 386,069 Granted 109,266 282.20 Exercised (137,305 ) 36.91 Forfeited (45,688 ) 194.05 Outstanding as of December 31, 2022 1,268,404 81.35 4.9 $ 47,764 Granted 208,392 119.31 Exercised (159,316 ) 42.46 Forfeited (33,144 ) 185.81 Outstanding as of December 31, 2023 1,284,336 89.64 5.0 $ 75,587 Exercisable as of December 31, 2023 961,340 63.08 3.8 $ 72,609
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	Shares Weighted-Average Grant-Date Fair Value Non-vested as of December 31, 2020 456,194 $ 68.42 Granted 126,339 223.09 Vested (202,327 ) 58.99 Forfeited (14,241 ) 138.64 Non-vested as of December 31, 2021 365,965 124.25 Granted 287,821 $ 214.58 Vested (234,284 ) 83.52 Forfeited (41,204 ) 263.47 Non-vested as of December 31, 2022 378,298 203.04 Granted 425,099 $ 117.62 Vested (133,222 ) 175.94 Forfeited (44,789 ) 213.80 Non-vested as of December 31, 2023 625,386 153.01

Note 19 - Quarterly Financial_2

Note 19 - Quarterly Financial Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Quarterly Financial Information [Table Text Block]	Quarters Ended 2023 Q1 Q2 Q3 Q4 Net sales $ 887,910 $ 1,000,420 $ 1,070,667 $ 1,063,670 Gross profit 272,499 328,421 375,787 388,724 Operating income 44,483 85,972 104,776 150,968 Net income attributable to Generac Holdings Inc. 12,430 45,198 60,377 96,601 Net income attributable to common shareholders per common share - basic: $ 0.06 $ 0.70 $ 0.98 $ 1.59 Net income attributable to common shareholders per common share - diluted: $ 0.05 $ 0.70 $ 0.97 $ 1.57 Quarters Ended 2022 Q1 Q2 Q3 Q4 Net sales $ 1,135,856 $ 1,291,391 $ 1,088,258 $ 1,049,232 Gross profit 360,748 456,985 361,104 343,167 Operating income 154,735 216,844 87,523 107,228 Net income attributable to Generac Holdings Inc. 113,858 156,359 58,270 71,015 Net income attributable to common shareholders per common share - basic: $ 1.61 $ 2.24 $ 0.84 $ 0.84 Net income attributable to common shareholders per common share - diluted: $ 1.57 $ 2.21 $ 0.83 $ 0.83

Note 20 - Valuation and Quali_2

Note 20 - Valuation and Qualifying Accounts (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Valuation and Qualifying Accounts [Table Text Block]	Balance at Beginning of Year Additions Charged to Earnings Charges to Reserve, Net (1) Reserves Established for Acquisitions Balance at End of Year Year ended December 31, 2023 Allowance for credit losses $ 27,664 $ 7,443 $ (1,206 ) $ 24 $ 33,925 Reserves for inventory 39,714 4,621 (5,308 ) - 39,027 Valuation of deferred tax assets 4,638 516 (18 ) - 5,136 Year ended December 31, 2022 Allowance for credit losses $ 12,025 $ 17,966 $ (2,825 ) $ 498 $ 27,664 Reserves for inventory 33,537 9,656 (4,737 ) 1,258 39,714 Valuation of deferred tax assets 7,874 649 (1,501 ) (2,384 ) 4,638 Year ended December 31, 2021 Allowance for credit losses $ 12,001 $ 206 $ (1,640 ) $ 1,458 $ 12,025 Reserves for inventory 27,817 17,698 (15,749 ) 3,771 33,537 Valuation of deferred tax assets 5,740 1,404 (2,441 ) 3,171 7,874

Note 2 - Summary of Accountin_3

Note 2 - Summary of Accounting Policies (Details Textual) $ in Thousands					3 Months Ended			12 Months Ended
		Mar. 08, 2023 USD ($)	Dec. 01, 2021 USD ($)	Jul. 02, 2021 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Sep. 30, 2022 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Accounts Receivable, before Allowance for Credit Loss								$ 571,241
Accounts Receivable, Allowance for Credit Loss						$ 27,664		33,925	$ 27,664	$ 12,025
Accounts Receivable, Credit Loss Expense (Reversal)	[1]							7,443	17,966
Depreciation								62,408	52,821	42,155
Goodwill and Intangible Asset Impairment, Total								0	0	0
Amortization of Financing Costs and Debt Discount Premium								3,885	3,234	2,589
Deferred Costs Amortization Expense, Next Twelve Months								3,923
Deferred Costs Amortization Expense, Year Two								3,919
Deferred Costs Amortization Expense, Year Three								3,819
Deferred Costs Amortization Expense, Year Four								1,028
Deferred Costs Amortization Expense, Year Five								0
Contract with Customer, Liability						33,551		19,173	33,551
Contract with Customer, Liability, Revenue Recognized								33,551
Advertising Expense								118,303	100,589	66,660
Research and Development Expense								173,443	159,774	104,303
Business Combination, Contingent Consideration, Liability						81,533		38,937	81,533
Payment for Contingent Consideration Liability, Financing Activities								4,979	16,135	3,750
Business Combination, Acquisition Related Costs								460	1,459	$ 21,465
Pramac [Member]
Business Combination, Consideration Transferred, Liabilities Incurred		$ 11,490
ecobee Inc. [Member]
Business Combination, Consideration Transferred, Liabilities Incurred	[2]		$ 89,400
Payment for Contingent Consideration Liability, Financing Activities					$ 479	542		479
Contingent Consideration, Share Payments, Value					$ 45,000	47,123		44,521
Acquisition of Chilicon [Member]
Business Combination, Consideration Transferred, Liabilities Incurred	[3]			$ 31,308
Contingent Consideration, Share Payments, Value								4,286
Mean Green [Member]
Payment for Contingent Consideration Liability, Financing Activities								4,500
Other Accrued Liabilities [Member]
Business Combination, Contingent Consideration, Liability						49,500			49,500
Other Long-term Liabilities [Member]
Business Combination, Contingent Consideration, Liability						$ 32,033			32,033
Fair Value, Inputs, Level 2 [Member]
Debt Instrument, Fair Value Disclosure								531,325
Term Loan [Member]
Long-Term Debt								$ 524,946
Clean Energy Product [Member]
Accounts Receivable, Credit Loss Expense (Reversal)							$ 17,926		$ 17,926
Accounts Receivable [Member] | Customer Concentration Risk [Member] | One Customer [Member]
Concentration Risk, Percentage								7%	11%
Revenue Benchmark [Member] | Customer Concentration Risk [Member]
Number of Major Customers								0	0	0
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | No Customer [Member]
Concentration Risk, Percentage								4%	4%	6%
[1]Includes a specific credit loss provision of $17,926 recorded during the third quarter of 2022 for a clean energy product customer that filed for bankruptcy.[2]he contingent consideration for the period ended June 30, 2022, was paid during the fourth quarter of 2022 in the amount of $47,123 in shares of common stock, or 196,531 shares of common stock, and $542 was paid with cash on hand. Additionally, during the fourth quarter of 2022, the Company entered into a definitive agreement to accelerate the measurement and payment for the remaining contingent consideration period ending June 30, 2023. The parties agreed to a final payment amount of $45,000 issued with 466,188 shares of common stock and $479 of cash. The $45,000 was paid during the first quarter of 2023.[3]Payable in common stock issued upon achievement of certain performance targets within 45 calendar days following the conclusion of the earnout period, December 31, 2025.

Note 2 - Summary of Accountin_4

Note 2 - Summary of Accounting Policies - Summary of Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Balance		$ 27,664	$ 12,025
Established for acquisitions		24	498
Provision for credit losses (1)	[1]	7,443	17,966
Charge-offs		(1,464)	(2,554)
Currency translation		258	(271)
Balance		$ 33,925	$ 27,664
[1]Includes a specific credit loss provision of $17,926 recorded during the third quarter of 2022 for a clean energy product customer that filed for bankruptcy.

Note 2 - Summary of Accountin_5

Note 2 - Summary of Accounting Policies - Property and Equipment Estimated Useful Lives (Details)	Dec. 31, 2023
Land Improvements [Member] | Minimum [Member]
Property and equipment, estimated useful lives (Year)	8 years
Land Improvements [Member] | Maximum [Member]
Property and equipment, estimated useful lives (Year)	20 years
Building and Building Improvements [Member] | Minimum [Member]
Property and equipment, estimated useful lives (Year)	10 years
Building and Building Improvements [Member] | Maximum [Member]
Property and equipment, estimated useful lives (Year)	40 years
Machinery and Equipment [Member] | Minimum [Member]
Property and equipment, estimated useful lives (Year)	3 years
Machinery and Equipment [Member] | Maximum [Member]
Property and equipment, estimated useful lives (Year)	15 years
Dies and Tools [Member] | Minimum [Member]
Property and equipment, estimated useful lives (Year)	3 years
Dies and Tools [Member] | Maximum [Member]
Property and equipment, estimated useful lives (Year)	10 years
Vehicles [Member] | Minimum [Member]
Property and equipment, estimated useful lives (Year)	3 years
Vehicles [Member] | Maximum [Member]
Property and equipment, estimated useful lives (Year)	6 years
Office Equipment [Member] | Minimum [Member]
Property and equipment, estimated useful lives (Year)	3 years
Office Equipment [Member] | Maximum [Member]
Property and equipment, estimated useful lives (Year)	15 years
Leasehold Improvements [Member] | Minimum [Member]
Property and equipment, estimated useful lives (Year)	2 years
Leasehold Improvements [Member] | Maximum [Member]
Property and equipment, estimated useful lives (Year)	20 years

Note 2 - Summary of Accountin_6

Note 2 - Summary of Accounting Policies - Reconciliation of Contingent Consideration (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Beginning balance, January 1, 2023		$ 81,533
Changes in fair value		(5,922)	$ (18,339)	$ (206)
Ending balance, December 31, 2023		38,937	81,533
Contingent Consideration Liability [Member]
Beginning balance, January 1, 2023		81,533
Changes in fair value		0
Additional contingent consideration (1)	[1]	11,490
Payment of contingent consideration (2)	[2]	(53,786)
Present value interest accretion		(300)
Ending balance, December 31, 2023		$ 38,937	$ 81,533
[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, $4,286 in shares for the Chilicon acquisition, and $4,500 in cash for the Mean Green acquisition. The payment of common stock is accounted for as a non-cash item in the consolidated statement of cash flows.

Note 3 - Acquisitions (Details

Note 3 - Acquisitions (Details Textual) - USD ($) $ in Thousands					3 Months Ended			12 Months Ended
	Dec. 01, 2021	Sep. 01, 2021	Jul. 02, 2021	Jun. 01, 2021	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Payments to Acquire Businesses, Net of Cash Acquired								$ 15,974	$ 25,065	$ 713,471
Goodwill, Ending Balance						$ 1,400,880		1,432,384	1,400,880	1,409,674
Business Combination, Contingent Consideration, Liability						81,533		38,937	81,533
Payment for Contingent Consideration Liability, Financing Activities								4,979	16,135	3,750
EEC and Blue Pillar [Member]
Payments to Acquire Businesses, Net of Cash Acquired								27,658	25,654
Acquisition of Deep Sea [Member]
Payments to Acquire Businesses, Net of Cash Acquired				$ 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
Contingent Consideration, Share Payments, Value								4,286
Acquisition of Off Grid Energy [Member]
Payments to Acquire Businesses, Net of Cash Acquired		$ 56,949
Business Acquisition, Purchase Price Allocation, Intangible Assets Including Goodwill		56,076
Goodwill, Ending Balance		21,531
Business Combination, Contingent Consideration, Liability		$ 29,054
Payment for Contingent Consideration Liability, Financing Activities							$ 16,135
ecobee Inc. [Member]
Business Acquisition, Purchase Price Allocation, Intangible Assets Including Goodwill										806,131
Goodwill, Ending Balance										248,231
Business Combination, Consideration Transferred, Total	$ 735,577
Payment for Contingent Consideration Liability, Financing Activities					$ 479	542		479
Contingent Consideration, Share Payments, Value					$ 45,000	$ 47,123		44,521
Contingent Consideration, Share Payment, Shares (in shares)					466,188	196,531
Other 2021 Acquisitions [Member]
Payments to Acquire Businesses, Net of Cash Acquired										29,945
All Acquisitions [Member]
Proforma Amortization of Intangible Assets								$ 111	$ 2,465	$ 70,152

Note 3 - Acquisitions - The Com

Note 3 - 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		$ 225,403
Common stock issued at closing		420,774
Contingent consideration (2)	[3]	89,400
Total purchase price		$ 735,577
[1]Payable on the third business day after December 31, 2023.[2]Payable in common stock issued upon achievement of certain performance targets within 45 calendar days following the conclusion of the earnout period, December 31, 2025.[3]he contingent consideration for the period ended June 30, 2022, was paid during the fourth quarter of 2022 in the amount of $47,123 in shares of common stock, or 196,531 shares of common stock, and $542 was paid with cash on hand. Additionally, during the fourth quarter of 2022, the Company entered into a definitive agreement to accelerate the measurement and payment for the remaining contingent consideration period ending June 30, 2023. The parties agreed to a final payment amount of $45,000 issued with 466,188 shares of common stock and $479 of cash. The $45,000 was paid during the first quarter of 2023.

Note 3 - Acquisitions - Prelimi

Note 3 - Acquisitions - Preliminary Price Allocation (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jun. 01, 2021
Goodwill	$ 1,432,384	$ 1,400,880	$ 1,409,674
The 2023 Acquistions [Member]
Accounts receivable	347
Inventories	1,239
Prepaid expenses and other current assets	166
Property and equipment	5,843
Intangible assets	6,174
Goodwill	5,363
Deferred income taxes	0
Other assets	837
Total assets acquired	19,969
Accounts payable	1,278
Accrued wages and employee benefits	264
Other accrued liabilities	236
Short-term borrowings	0
Current portion of long-term borrowings and finance lease obligations	0
Deferred income taxes liability	2,007
Other long-term liabilities	57
Long-term debt	0
Net assets acquired	$ 16,127
The 2022 Acquisitions [Member]
Accounts receivable		11,965
Inventories		2,955
Prepaid expenses and other current assets		4,456
Property and equipment		708
Intangible assets		10,032
Goodwill		8,714
Deferred income taxes		0
Other assets		1,954
Total assets acquired		40,784
Accounts payable		1,826
Accrued wages and employee benefits		1,662
Other accrued liabilities		7,917
Short-term borrowings		0
Current portion of long-term borrowings and finance lease obligations		0
Deferred income taxes liability		564
Other long-term liabilities		1,157
Long-term debt		0
Net assets acquired		$ 27,658
Acquisition of Deep Sea [Member]
Accounts receivable			9,574
Inventories			9,970
Prepaid expenses and other current 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 borrowings and finance lease obligations			0
Deferred income taxes liability			33,957
Other long-term liabilities			90
Long-term debt			0
Net assets acquired			420,700
ecobee Inc. [Member]
Accounts receivable			23,337
Inventories			7,258
Prepaid expenses and other current assets			5,689
Property and equipment			3,588
Intangible assets			557,900
Goodwill			248,231
Deferred income taxes			40,020
Other assets			9,289
Total assets acquired			895,312
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 borrowings and finance lease obligations			0
Deferred income taxes liability			78,753
Other long-term liabilities			33,762
Long-term debt			0
Net assets acquired			735,577
All Other 2021 Acquisitions [Member]
Accounts receivable			13,852
Inventories			7,034
Prepaid expenses and other current assets			6,594
Property and equipment			480
Intangible assets			81,171
Goodwill			83,859
Deferred income taxes			5,694
Other assets			8,526
Total assets acquired			207,210
Accounts payable			7,473
Accrued wages and employee benefits			872
Other accrued liabilities			18,258
Short-term borrowings			800
Current portion of long-term borrowings and finance lease obligations			233
Deferred income taxes liability			19,930
Other long-term liabilities			9,997
Long-term debt			1,624
Net assets acquired			148,023
The 2021 Acquisitions [Member]
Accounts receivable			46,763
Inventories			24,262
Prepaid expenses and other current assets			13,464
Property and equipment			12,906
Intangible assets			813,341
Goodwill			595,694
Deferred income taxes			45,714
Other assets			17,966
Total assets acquired			1,570,110
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 borrowings and finance lease obligations			233
Deferred income taxes liability			132,640
Other long-term liabilities			43,849
Long-term debt			1,624
Net assets acquired			$ 1,304,300

Note 3 - Acquisitions - Unaudit

Note 3 - Acquisitions - Unaudited Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended								12 Months Ended
		Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net sales		$ 1,063,670	$ 1,070,667	$ 1,000,420	$ 887,910	$ 1,049,232	$ 1,088,258	$ 1,291,391	$ 1,135,856	$ 4,022,667	$ 4,564,737	$ 3,737,184
As reported		$ 96,601	$ 60,377	$ 45,198	$ 12,430	$ 71,015	$ 58,270	$ 156,359	$ 113,858	$ 214,606	$ 399,502	$ 550,494
As reported (in dollars per share)		$ 1.57	$ 0.97	$ 0.7	$ 0.05	$ 0.83	$ 0.83	$ 2.21	$ 1.57	$ 3.27	$ 5.42	$ 8.3
Pro Forma [Member]
Net sales										$ 4,022,826	$ 4,600,162	$ 3,933,666
As reported	[1]									$ 214,343	$ 395,261	$ 461,193
As reported (in dollars per share)										$ 3.27	$ 5.36	$ 6.91
[1]Includes additional pro forma intangible amortization from all acquisitions as though the transactions had occurred on January 1, 2021 of $111, $2,465, and $70,152 for the years ended December 31, 2023, 2022, and 2021, respectively.

Note 4 - Redeemable Noncontro_3

Note 4 - Redeemable Noncontrolling Interest (Details Textual) - USD ($) shares in Thousands, $ in Thousands			1 Months Ended			12 Months Ended
	Mar. 08, 2023	Feb. 01, 2019	May 31, 2022	Mar. 31, 2022	May 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Mar. 01, 2016
Payments for Repurchase of Redeemable Noncontrolling Interest						$ 104,844	$ 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%
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, Total	$ 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
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%
Redeemable Noncontrolling Interest, Equity, Fair Value, Total		$ 3,165
Payments for Repurchase of Redeemable Noncontrolling Interest			$ 375	$ 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

Note 4 - Redeemable Noncontro_4

Note 4 - Redeemable Noncontrolling Interest - Redeemable Noncontrolling Interest (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Redemption value adjustment	$ (11,517)	$ (49,235)	$ (17,102)
Redeemable Noncontrolling Interest [Member]
Balance	110,471	58,050	66,207
Share of net income (loss)	1,864	7,543	5,574
Foreign currency translation	(549)	(3,982)	(3,669)
Purchase of additional ownership interest	(116,754)	(375)	(27,164)
Redemption value adjustment	11,517	49,235	17,102
Balance	$ 6,549	$ 110,471	$ 58,050

Note 5 - Derivative Instrumen_3

Note 5 - Derivative Instruments and Hedging Activities (Details Textual) $ in Thousands	1 Months Ended	12 Months Ended
	Mar. 31, 2020	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2017
Derivative, Gain (Loss) on Derivative, Net		$ 0	$ 0	$ 0
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax		(8,004)	38,494	20,529
Derivative Assets (Liabilities), Net Fair Value of Derivative Contracts, Excluding Impact of Credit Risk		$ 39,796	$ 51,184
Commodity Contract [Member]
Derivative, Number of Instruments Held		0	0
Commodity Contract [Member] | Not Designated as Hedging Instrument [Member] | Cost of Sales [Member]
Derivative, Gain (Loss) on Derivative, Net		$ 0	$ 0	0
Foreign Exchange Contract [Member]
Derivative, Number of Instruments Held		53	34
Interest Rate Swap [Member]
Number of New Contracts Entered	3				20
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax		$ (8,004)	$ 38,494	$ 20,529

Note 5 - Derivative Instrumen_4

Note 5 - Derivative Instruments and Hedging Activities - Fair Value of Derivatives (Details) - Fair Value, Inputs, Level 2 [Member] - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Foreign Exchange Contract [Member]
Fair Value of Derivatives	$ (147)	$ 94
Interest Rate Swap [Member]
Fair Value of Derivatives	$ 38,601	$ 49,279

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	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Other Comprehensive Income (Loss), before Reclassifications, before Tax	$ (10,678)	$ 51,352
Other Comprehensive Income (Loss) before Reclassifications, Tax	$ (2,674)	$ (12,858)

Note 6 - Accumulated Other Co_4

Note 6 - Accumulated Other Comprehensive Loss - Disclosure of Changes in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Balance	$ 2,259,255		$ 2,214,087		$ 1,390,204
Current-period comprehensive income (loss)	49,959		(10,347)		(20,501)
Balance	2,343,070		2,259,255		2,214,087
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(101,545)		(52,704)
Current-period comprehensive income (loss)	57,963	[1]	(48,841)	[2]
Balance	(43,582)		(101,545)		(52,704)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance	36,443		(2,051)
Current-period comprehensive income (loss)	(8,004)	[3]	38,494	[4]
Balance	28,439		36,443		(2,051)
AOCI Attributable to Parent [Member]
Balance	(65,102)		(54,755)		(34,254)
Current-period comprehensive income (loss)	49,959		(10,347)
Balance	$ (15,143)		$ (65,102)		$ (54,755)
[1]Represents favorable impact from the weakening of the U.S. dollar against foreign currencies during the year ended December 31, 2023, particularly the Euro, British Pound, and Mexican Peso.[2]Represents unfavorable impact from the strengthening of the U.S. dollar against foreign currencies during the year ended December 31, 2022, particularly the Euro and British Pound.[3]Represents unrealized losses of $10,678 on the interest rate swaps, net of tax effect of $(2,674) for the year ended December 31, 2023.[4]Represents unrealized gains of $51,352 on the interest rate swaps, net of tax effect of $(12,858) for the year ended December 31, 2022.

Note 7 - Segment Reporting (Det

Note 7 - Segment Reporting (Details Textual) $ in Thousands			3 Months Ended	12 Months Ended
		Jan. 01, 2022	Sep. 30, 2022 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Number of Reportable Segments				2
Provision for Product Charges	[1]			$ (38,490)	$ (65,265)	$ 0
Accounts Receivable, Credit Loss Expense (Reversal)	[2]			$ 7,443	$ 17,966
Standard Product Warranty Accrual, Warranty Provision			$ 37,338
Geographic Concentration Risk [Member] | Revenue Benchmark [Member] | UNITED STATES
Concentration Risk, Percentage		80%		77%		82%
Geographic Concentration Risk [Member] | Long-lived Assets [Member] | UNITED STATES
Concentration Risk, Percentage				74%	77%
Patents and Securites [Member]
Provision for Product Charges				$ 28,340
Product [Member]
Provision for Product Charges				5,800	$ 10,000
Clean Energy Product [Member]
Provision for Product Charges				$ 4,350
Accounts Receivable, Credit Loss Expense (Reversal)			$ 17,926		17,926
Standard Product Warranty Accrual, Warranty Provision					$ 37,338
[1]Represents the following significant and unusual charges not indicative of our ongoing operations: • a provision for judgments and legal expenses related to certain patent and securities lawsuits - $28,340 in 2023. • a provision for a matter with the CPSC concerning the imposition of civil fines for allegedly failing to timely submit a report under the CPSA in relation to certain portable generators that were subject to a voluntary recall previously announced on July 29, 2021 - $5,800 in 2023; $10,000 in 2022. • a bad debt provision and additional customer support costs for a clean energy product customer that filed for bankruptcy in 2022 – $4,350 additional customer support costs in 2023; $17,926 bad debt provision 2022. • a warranty provision to address certain clean energy product warranty-related matters - $37,338 in 2022.[2]Includes a specific credit loss provision of $17,926 recorded during the third quarter of 2022 for a clean energy product customer that filed for bankruptcy.

Note 7 - Segment Reporting - Ne

Note 7 - Segment Reporting - Net Sales by Products and Services (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net sales	$ 1,063,670	$ 1,070,667	$ 1,000,420	$ 887,910	$ 1,049,232	$ 1,088,258	$ 1,291,391	$ 1,135,856	$ 4,022,667	$ 4,564,737	$ 3,737,184
Domestic [Member]
Net sales									3,276,324	3,867,866	3,164,050
International [Member]
Net sales									746,343	696,871	573,134
Residential Power Products [Member]
Net sales									2,062,929	2,911,871	2,456,765
Residential Power Products [Member] | Domestic [Member]
Net sales									1,945,273	2,782,037	2,366,908
Residential Power Products [Member] | International [Member]
Net sales									117,656	129,834	89,857
Commercial and Industrial Power Products [Member]
Net sales									1,494,799	1,260,737	998,998
Commercial and Industrial Power Products [Member] | Domestic [Member]
Net sales									916,118	746,172	556,520
Commercial and Industrial Power Products [Member] | International [Member]
Net sales									578,681	514,565	442,478
Other Products and Services [Member]
Net sales									464,939	392,129	281,421
Other Products and Services [Member] | Domestic [Member]
Net sales									414,933	339,657	240,622
Other Products and Services [Member] | International [Member]
Net sales									$ 50,006	$ 52,472	$ 40,799

Note 7 - Segment Reporting - To

Note 7 - Segment Reporting - Total Sales by Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Total sales	$ 1,063,670	$ 1,070,667	$ 1,000,420	$ 887,910	$ 1,049,232	$ 1,088,258	$ 1,291,391	$ 1,135,856	$ 4,022,667	$ 4,564,737	$ 3,737,184
External Net Sales [Member]
Total sales									4,022,667	4,564,737	3,737,184
Intersegment Sales [Member]
Total sales									0	0	0
Intersegment Eliminations [Member]
Total sales									(135,489)	(154,430)	(65,462)
Intersegment Eliminations [Member] | External Net Sales [Member]
Total sales									0	0	0
Intersegment Eliminations [Member] | Intersegment Sales [Member]
Total sales									(135,489)	(154,430)	(65,462)
Domestic [Member]
Total sales									3,276,324	3,867,866	3,164,050
Domestic [Member] | Operating Segments [Member]
Total sales									3,320,261	3,928,597	3,203,389
Domestic [Member] | Operating Segments [Member] | External Net Sales [Member]
Total sales									3,276,324	3,867,866	3,164,050
Domestic [Member] | Operating Segments [Member] | Intersegment Sales [Member]
Total sales									43,937	60,731	39,339
International [Member]
Total sales									746,343	696,871	573,134
International [Member] | Operating Segments [Member]
Total sales									837,895	790,570	599,257
International [Member] | Operating Segments [Member] | External Net Sales [Member]
Total sales									746,343	696,871	573,134
International [Member] | Operating Segments [Member] | Intersegment Sales [Member]
Total sales									$ 91,552	$ 93,699	$ 26,123

Note 7 - Segment Reporting - Se

Note 7 - Segment Reporting - Segment Information (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Total adjusted EBITDA		$ 637,859	$ 825,367	$ 861,425
Interest expense		(97,627)	(54,826)	(32,953)
Depreciation and amortization		(166,602)	(156,141)	(92,041)
Non-cash write-down and other adjustments	[1]	5,953	2,091	3,070
Non-cash share-based compensation expense	[2]	(35,492)	(29,481)	(23,954)
Loss on extinguishment of debt	[3]	0	(3,743)	(831)
Transaction costs and credit facility fees	[4]	(4,054)	(5,026)	(22,357)
Business optimization and other charges	[5]	(10,551)	(4,371)	(33)
Provision for legal, regulatory, and clean energy product charges (6)	[6]	(38,490)	(65,265)	0
Other		(696)	(139)	(800)
Income before provision for income taxes		290,300	508,466	691,526
Assets		5,093,312	5,169,462	4,877,780
Depreciation and Amortization		166,602	156,141	92,041
Capital expenditures		129,060	86,188	109,992
Domestic [Member]
Total adjusted EBITDA		523,337	716,302	795,417
Assets		3,770,883	4,032,086	3,742,101
Depreciation and Amortization		129,648	123,768	66,675
Capital expenditures		103,036	69,680	100,672
International [Member]
Total adjusted EBITDA		114,522	109,065	66,008
Assets		1,322,429	1,137,376	1,135,679
Depreciation and Amortization		36,954	32,373	25,366
Capital expenditures		$ 26,024	$ 16,508	$ 9,320
[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 debt.[4]Represents severance and other restructuring charges related to the consolidation of certain operating facilities and organizational functions.[5]Represents severance and other restructuring charges related to the consolidation of certain operating facilities and organizational functions.[6]Represents the following significant and unusual charges not indicative of our ongoing operations: • a provision for judgments and legal expenses related to certain patent and securities lawsuits - $28,340 in 2023. • a provision for a matter with the CPSC concerning the imposition of civil fines for allegedly failing to timely submit a report under the CPSA in relation to certain portable generators that were subject to a voluntary recall previously announced on July 29, 2021 - $5,800 in 2023; $10,000 in 2022. • a bad debt provision and additional customer support costs for a clean energy product customer that filed for bankruptcy in 2022 – $4,350 additional customer support costs in 2023; $17,926 bad debt provision 2022. • a warranty provision to address certain clean energy product warranty-related matters - $37,338 in 2022.

Note 8 - Balance Sheet Detail_2

Note 8 - Balance Sheet Details (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	$ 68,079	$ 24,719

Note 8 - Balance Sheet Detail_3

Note 8 - Balance Sheet Details - Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Raw material	$ 677,428	$ 798,340
Work-in-process	10,877	14,899
Finished goods	479,179	592,145
Total	$ 1,167,484	$ 1,405,384

Note 8 - Balance Sheet Detail_4

Note 8 - Balance Sheet Details - Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Property and equipment, gross	$ 942,783	$ 750,422
Accumulated depreciation	(344,206)	(282,818)
Total	598,577	467,604
Land and Land Improvements [Member]
Property and equipment, gross	22,556	22,589
Building and Building Improvements [Member]
Property and equipment, gross	298,483	243,553
Machinery and Equipment [Member]
Property and equipment, gross	271,879	229,593
Dies and Tools [Member]
Property and equipment, gross	45,998	37,343
Vehicles [Member]
Property and equipment, gross	11,411	9,807
Office Equipment [Member]
Property and equipment, gross	185,601	148,166
Leasehold Improvements [Member]
Property and equipment, gross	8,772	6,849
Construction in Progress [Member]
Property and equipment, gross	$ 98,083	$ 52,522

Note 9 - Goodwill and Intangi_3

Note 9 - Goodwill and Intangible Assets (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Amortization of Intangible Assets	$ 104,194	$ 103,320	$ 49,886
Finite-Lived Intangible Asset, Expected Amortization, Year One	96,595
Finite-Lived Intangible Asset, Expected Amortization, Year Two	91,694
Finite-Lived Intangible Asset, Expected Amortization, Year Three	84,833
Finite-Lived Intangible Asset, Expected Amortization, Year Four	58,065
Finite-Lived Intangible Asset, Expected Amortization, Year Five	$ 52,354

Note 9 - Goodwill and Intangi_4

Note 9 - Goodwill and Intangible Assets - Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Balance	$ 1,400,880	$ 1,409,674
Acquisitions of businesses, net	6,739	22,565
Foreign currency translation	24,765	(31,359)
Balance	1,432,384	1,400,880
Goodwill, gross	1,940,188	1,908,684
Accumulated impairment	(507,804)	(507,804)
Goodwill	1,432,384	1,400,880
Domestic [Member]
Balance	1,016,657	995,444
Acquisitions of businesses, net	1,376	22,128
Foreign currency translation	495	(915)
Balance	1,018,528	1,016,657
Goodwill, gross	1,521,721	1,519,850
Accumulated impairment	(503,193)	(503,193)
Goodwill	1,018,528	1,016,657
International [Member]
Balance	384,223	414,230
Acquisitions of businesses, net	5,363	437
Foreign currency translation	24,270	(30,444)
Balance	413,856	384,223
Goodwill, gross	418,467	388,834
Accumulated impairment	(4,611)	(4,611)
Goodwill	$ 413,856	$ 384,223

Note 9 - Goodwill and Intangi_5

Note 9 - Goodwill and Intangible Assets - Summary of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Finite-lived intangible assets, gross	$ 1,491,704	$ 1,472,148
Finite-lived intangible assets, accumulated amortization	(773,949)	(669,755)
Finite-lived intangible assets, net	717,755	802,393
Indefinite-lived tradenames, gross	128,321	128,321
Total intangible assets, gross	1,620,025	1,600,469
Total intangible assets, net	$ 846,076	930,714
Trade Names [Member]
Finite-lived intangible assets, useful life (Year)	15 years
Finite-lived intangible assets, gross	$ 159,671	157,751
Finite-lived intangible assets, accumulated amortization	(70,997)	(58,821)
Finite-lived intangible assets, net	$ 88,674	98,930
Customer Lists [Member]
Finite-lived intangible assets, useful life (Year)	11 years
Finite-lived intangible assets, gross	$ 589,318	577,203
Finite-lived intangible assets, accumulated amortization	(404,805)	(370,216)
Finite-lived intangible assets, net	$ 184,513	206,987
Patents and Technology [Member]
Finite-lived intangible assets, useful life (Year)	14 years
Finite-lived intangible assets, gross	$ 670,099	665,563
Finite-lived intangible assets, accumulated amortization	(252,658)	(210,806)
Finite-lived intangible assets, net	417,441	454,757
Computer Software, Intangible Asset [Member]
Finite-lived intangible assets, gross	1,046	1,046
Finite-lived intangible assets, accumulated amortization	(1,046)	(1,046)
Finite-lived intangible assets, net	$ 0	0
Noncompete Agreements [Member]
Finite-lived intangible assets, useful life (Year)	5 years
Finite-lived intangible assets, gross	$ 71,570	70,585
Finite-lived intangible assets, accumulated amortization	(44,443)	(28,866)
Finite-lived intangible assets, net	$ 27,127	$ 41,719

Note 10 - Leases (Details Textu

Note 10 - Leases (Details Textual)	12 Months Ended
	Dec. 31, 2023
Lessee, Operating Lease and Finance Lease, Remaining Term of Contract (Year)	18 years
Lessee, Operating Lease, Renewal Term (Year)	10 years

Note 10 - Leases - Leases Cost

Note 10 - Leases - Leases Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating lease cost	$ 38,980	$ 36,292	$ 22,432
Amortization of ROU assets	4,142	3,298	3,187
Interest on lease liabilities	2,540	1,945	2,021
Total lease cost	$ 45,662	$ 41,535	$ 27,640

Note 10 - Leases - Supplement B

Note 10 - Leases - Supplement Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
Finance lease ROU assets, gross		$ 82,744	$ 35,470
Accumulated depreciation - finance lease ROU assets		(14,665)	(10,751)
Finance lease ROU assets, net		68,079	24,719
Less: current portion of finance lease obligation		3,785	2,650
Finance lease obligation		71,308	27,420
Operating Lease and Other Assets [Member]
Operating lease ROU assets	[1]	70,937	100,083
Other Accrued Liabilities [Member]
Operating lease liabilities - current	[2]	29,388	30,330
Operating Lease and Other Long-term Liabilities [Member]
Operating lease liabilities - noncurrent	[3]	44,760	73,547
Other Accrued Liabilities and Operating Lease and Other Long-term Liabilities [Member]
Total operating lease liabilities		74,148	103,877
Finance Lease and Other Assets [Member]
Finance lease ROU assets, net	[4]	68,079	24,719
Current Portion of Long-term Borrowings and Finance Lease Obligations [Member]
Less: current portion of finance lease obligation	[5]	3,785	2,650
Finance Lease and Other Long-term Liabilities [Member]
Finance lease liabilities - noncurrent	[6]	67,523	24,770
Other Accrued Liabilities and Finance Lease and Other Long-term Liabilities [Member]
Finance lease obligation		$ 71,308	$ 27,420
[1]Recorded in the operating lease and other assets line within the consolidated balance sheets[2]Recorded in the other accrued liabilities line within the consolidated balance sheets[3]Recorded in the operating lease and other long-term liabilities line within the consolidated balance sheets[4]Recorded in the property and equipment, net line within the consolidated balance sheets[5]Recorded in the current portion of long-term borrowings and finance lease obligations line within the consolidated balance sheets[6]Recorded in the long-term borrowings and finance lease obligations line within the consolidated balance sheets

Note 10 - Leases - Supplement C

Note 10 - Leases - Supplement Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating cash flows - operating leases	$ 39,073	$ 36,020	$ 21,250
Operating cash flows - finance leases	2,409	1,919	1,972
Financing cash flows - finance leases	3,618	4,931	4,679
Operating leases	17,830	28,766	55,057
Finance leases	$ 47,715	$ 2,874	$ 4,026

Note 10 - Leases - Weighted Ave

Note 10 - Leases - Weighted Average Remaining Lease Term and Discount Rate Information (Details)	Dec. 31, 2023	Dec. 31, 2022
Operating Leases (Year)	4 years 6 months 18 days	4 years 7 months 24 days
Finance Leases (Year)	5 years 4 months 2 days	11 years 3 months 3 days
Operating Leases	4.63%	4.82%
Finance Leases	6.64%	7.58%

Note 10 - Leases - Maturities o

Note 10 - Leases - Maturities of Lease liabilities (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022
2024, finance lease		$ 8,043
2024, operating lease		32,145
2025, finance lease	[1]	48,297
2025, operating lease	[2]	18,887
2026, finance lease		4,243
2026, operating lease		8,278
2027, finance lease		3,896
2027, operating lease		7,667
2028, finance lease		3,472
2028, operating lease		6,157
After 2023, finance leases		22,616
After 2023, operating leases		12,014
Total minimum lease payments, finance leases		90,567
Total minimum lease payments, operating leases		85,148
Interest component		(19,259)
Interest component		(11,000)
Present value of minimum lease payments, finance leases		71,308	$ 27,420
Other Accrued Liabilities and Operating Lease and Other Long-term Liabilities [Member]
Present value of minimum lease payments, operating leases		$ 74,148	$ 103,877
[1]Includes a payment for a purchase option reasonably certain to be exercised in 2025.[2]Includes a payment for a purchase option reasonably certain to be exercised in 2025.

Note 11 - Product Warranty Ob_3

Note 11 - Product Warranty Obligations (Details Textual) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Standard Product Warranty Accrual, Warranty Provision	$ 37,338
Capitalized Contract Cost, Net		$ 10,153	$ 9,199
Capitalized Contract Cost, Amortization		$ 2,306	$ 1,932	$ 1,739
Minimum [Member]
Extended Warranty Term (Year)		5 years
Maximum [Member]
Extended Warranty Term (Year)		10 years

Note 11 - Product Warranty Ob_4

Note 11 - Product Warranty Obligations - Reconciliation of Product Warranty Liability (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Balance at beginning of period		$ 138,011	$ 94,213	$ 59,218
Product warranty reserve assumed in acquisition		0	0	3,932
Payments		(92,200)	(77,476)	(42,682)
Provision for warranty issued		67,104	80,340	69,280
Changes in estimates for pre-existing warranties (1)	[1]	3,493	40,934	4,465
Balance at end of period		116,408	138,011	94,213
Balance at beginning of period		132,813	111,647	89,788
Deferred revenue contracts issued		48,107	42,869	41,560
Amortization of deferred revenue contracts		(25,050)	(21,703)	(19,701)
Balance at end of period		$ 155,870	$ 132,813	$ 111,647
[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 related matters.

Note 11 - Product Warranty Ob_5

Note 11 - Product Warranty Obligations - Recognition of Deferred Revenue Related to Extended Warranties (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Revenue performance obligation	$ 155,870

Note 11 - Product Warranty Ob_6

Note 11 - Product Warranty Obligations - Recognition of Deferred Revenue Related to Extended Warranties 2 (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Revenue performance obligation	$ 155,870
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue performance obligation	28,203
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue performance obligation	30,088
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue performance obligation	27,407
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue performance obligation	22,069
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01
Revenue performance obligation	$ 48,103

Note 11 - Product Warranty Ob_7

Note 11 - Product Warranty Obligations - Recognition of Deferred Revenue Related to Extended Warranties (Details) (Parentheticals)	Dec. 31, 2023
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 11 - Product Warranty Ob_8

Note 11 - Product Warranty Obligations - Deferred Product Obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current portion - Accrued product warranty	$ 65,298	$ 89,141
Long-term portion - other long-term liabilities	51,110	48,870
Total	116,408	138,011	$ 94,213	$ 59,218
Current portion - other accrued liabilities	28,203	30,291
Long-term portion - Deferred revenue	127,667	102,522
Total	$ 155,870	$ 132,813	$ 111,647	$ 89,788

Note 12 - Credit Agreements (De

Note 12 - Credit Agreements (Details Textual) - USD ($) $ in Thousands				1 Months Ended			3 Months Ended		12 Months Ended
		Jan. 01, 2023	May 31, 2013	Jun. 30, 2022	May 31, 2021	May 31, 2015	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	May 01, 2021
Short-Term Debt									$ 81,769	$ 48,990
Gain (Loss) on Extinguishment of Debt, Total	[1]								$ 0	$ (3,743)	$ (831)
ABL Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity					$ 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
Debt Instrument, Interest Rate, Effective Percentage									6.94%
Debt Issuance Costs, Net, Total				10,330			10,330
Covenant Maximum Total Leverage Ratio										3.75
Covenant Minimum Interest Coverage Ratio										3
Total Leverage Ratio									2.18
Interest Coverage Ratio									6.44
Debt Instrument, Fee Amount				800			800
Long-Term Line of Credit									$ 150,000
Line of Credit Facility, Remaining Borrowing Capacity									1,099,203
Line of Credit Facility, Current Borrowing Capacity									$ 992,833
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%
LIBOR Floor Rate [Member] | Maximum [Member] | ABL Revolving Credit Facility [Member]
Debt Instrument, Basis Spread on Variable Rate					1.25%
LIBOR Floor Rate [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%
Debt Instrument, Interest Rate, Effective Percentage									7.19%
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
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%
Term Loan [Member] | Maximum [Member]
Secured Leverage Ratio									2.05
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%
Debt Instrument, Interest Rate, Effective Percentage									6.99%
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%
[1]Represents the non-cash write-off of original issue discount and deferred financing costs due primarily to a voluntary prepayment of debt.

Note 12 - Credit Agreements - L

Note 12 - Credit Agreements - Long-term Borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Original issue discount and deferred financing costs	$ (12,685)	$ (16,568)
Finance lease obligation	71,308	27,420
Other	9,512	966
Total	1,493,448	1,381,818
Less: current portion of debt	42,110	10,083
Less: current portion of finance lease obligation	3,785	2,650
Total long-term borrowings and finance lease obligations	1,447,553	1,369,085
Revolving Credit Facility [Member]
Line of credit	150,000	90,000
Tranche A Term Loan Facility [Member]
Term Loan	745,313	750,000
Tranche B Term Loan Facility [Member]
Term Loan	$ 530,000	$ 530,000

Note 12 - Credit Agreements - M

Note 12 - Credit Agreements - Maturities of Long-term Borrowings Outstanding (Details) $ in Thousands	Dec. 31, 2023 USD ($)
2024	$ 42,162
2025	46,958
2026	595,651
2027	750,026
2028	28
Total	1,434,825
Tranche A Term Loan Facility [Member]
2024	32,813
2025	46,875
2026	65,625
2027	600,000
2028	0
Total	745,313
Tranche B Term Loan Facility [Member]
2024	0
2025	0
2026	530,000
2027	0
2028	0
Total	530,000
ABL Revolving Credit Facility [Member]
2024	0
2025	0
2026	0
2027	150,000
2028	0
Total	150,000
Other Term Loan Facility [Member]
2024	9,349
2025	83
2026	26
2027	26
2028	28
Total	$ 9,512

Note 13 - Stock Repurchase Pr_2

Note 13 - Stock Repurchase Programs (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	12 Months Ended			24 Months Ended	101 Months Ended
	Sep. 30, 2020	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Feb. 12, 2024	Dec. 31, 2023	Aug. 05, 2022
Stock Repurchase Program, Authorized Amount	$ 250,000						$ 500,000
Stock Repurchase Program, Period in Force (Year)	24 years
Treasury Stock, Value, Acquired, Cost Method		$ 251,513	$ 345,840	$ 125,992
Payments for Repurchase of Common Stock		$ 251,513	$ 345,840	$ 125,992
Treasury Stock, Common [Member]
Treasury Stock, Shares, Acquired (in shares)		2,188,475	2,722,007	350,000
Treasury Stock, Value, Acquired, Cost Method		$ 251,513	$ 345,840	$ 125,992
Stock Repurchase Program [Member] | Treasury Stock, Common [Member]
Treasury Stock, Shares, Acquired (in shares)		2,188,475	2,722,007			13,937,188
Treasury Stock, Value, Acquired, Cost Method		$ 251,513	$ 345,840			$ 1,028,892
Shares Acquired Under Stock Repurchases Program, Shares (in shares)				350,000
Payments for Repurchase of Common Stock				$ 125,992
Shares Acquired, Average Cost Per Share (in dollars per share)						$ 73.82
Subsequent Event [Member]
Stock Repurchase Program, Authorized Amount					$ 500,000,000
Stock Repurchase Program, Period in Force (Year)					24 months
Stock Repurchase Program, Remaining Authorized Repurchase Amount					$ 26,297

Note 14 - Earnings Per Share (D

Note 14 - Earnings Per Share (Details Textual) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	348,000	76,000	0

Note 14 - Earnings Per Share -

Note 14 - Earnings Per Share - Reconciliation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended								12 Months Ended
		Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net income attributable to Generac Holdings Inc.		$ 96,601	$ 60,377	$ 45,198	$ 12,430	$ 71,015	$ 58,270	$ 156,359	$ 113,858	$ 214,606	$ 399,502	$ 550,494
Redeemable noncontrolling interest redemption value adjustment										(11,517)	(49,235)	(17,102)
Net income attributable to common shareholders										$ 203,089	$ 350,267	$ 533,392
Weighted average shares, basic (in shares)										61,265,060	63,117,007	62,686,001
Dilutive effect of stock compensation awards (in shares)	[1]									793,327	1,087,219	1,534,603
Dilutive effect of contingently issued shares (in shares)										0	477,131	32,804
Diluted shares (in shares)										62,058,387	64,681,357	64,253,408
Net income attributable to Generac Holdings Inc. per common share - basic: (in dollars per share)		$ 1.59	$ 0.98	$ 0.7	$ 0.06	$ 0.84	$ 0.84	$ 2.24	$ 1.61	$ 3.31	$ 5.55	$ 8.51
Net income attributable to Generac Holdings Inc. per common share - diluted: (in dollars per share)		$ 1.57	$ 0.97	$ 0.7	$ 0.05	$ 0.83	$ 0.83	$ 2.21	$ 1.57	$ 3.27	$ 5.42	$ 8.3
[1]There were no awards with an anti-dilutive impact for the years ended December 31, 2021, 2020 and 2019.

Note 15 - Income Taxes (Details

Note 15 - Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Deferred Income Tax Assets, Net	$ 15,532	$ 12,746
Deferred Income Tax Liabilities, Net	90,012	125,691
Vauation Allowances and Reserves Adjustments	498
Tax Credit Carryforward, Amount	218,432
Tax Credit Carryforward State Manufacturing	29,196
Unrecognized Tax Benefits, Interest on Income Taxes Expense	532	161
Unrecognized Tax Benefits, Income Tax Penalties Expense	$ 1,275	$ 422

Note 15 - Income Taxes - Provis

Note 15 - Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current:
Federal	$ 71,741	$ 118,320	$ 105,236
State	13,802	25,743	21,295
Foreign	22,115	51,055	10,536
Current Income Tax Expense (Benefit)	107,658	195,118	137,067
Deferred:
Federal	(26,504)	(43,475)	10,518
State	(5,254)	(10,966)	(3,728)
Foreign	(3,218)	(40,109)	(7,863)
Deferred Income Tax Expense (Benefit) Before Adjustment of Valuation Allowance	(34,976)	(94,550)	(1,073)
Change in valuation allowance	498	(972)	(1,037)
Provision for income taxes	$ 73,180	$ 99,596	$ 134,957

Note 15 - Income Taxes - Compon

Note 15 - Income Taxes - Components of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accrued expenses	$ 48,758	$ 46,994
Deferred Income	36,927	34,914
Inventories	12,549	20,229
Stock-based compensation	14,143	11,750
Operating loss and credit carryforwards	54,753	56,279
Bad debt	1,380	1,415
Other deferred tax assets	8,722	7,531
Capitalized R&D	65,523	33,738
Valuation allowance	(5,136)	(4,638)
Total deferred tax assets	237,619	208,212
Goodwill and intangible assets	253,342	260,745
Depreciation	45,964	44,385
Debt refinancing costs	828	1,184
Interest swap and derivative	9,521	12,370
Prepaid expenses	2,444	2,473
Total deferred tax liabilities	312,099	321,157
Net deferred tax liabilities	$ (74,480)	$ (112,945)

Note 15 - Income Taxes - Unreco

Note 15 - Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Unrecognized tax benefit, beginning of period	$ 8,895	$ 8,647
Increase in unrecognized tax benefit for positions taken in prior period	3,081	97
Increase in unrecognized tax benefit for positions taken in current period	1,122	975
Statute of limitation expirations	(3,395)	(824)
Settlements	0	0
Unrecognized tax benefit, end of period	$ 9,703	$ 8,895

Note 15 - Income Taxes - Reconc

Note 15 - Income Taxes - Reconciliation of Statutory and Effective Tax Rates (Details)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
U.S. statutory rate		21%	21%	21%
State taxes		4%	4%	4.30%
State tax rate differential		0%	(0.30%)	0%
Research and development credits		(2.40%)	(1.10%)	(1.00%)
State credits		(0.90%)	(1.50%)	(1.10%)
Share-based compensation	[1]	(0.40%)	(2.70%)	(3.80%)
Nondeductible U.S. compensation		1%	1.60%	1.50%
Foreign tax deduction		0%	(0.40%)	(1.50%)
Foreign deferred tax rate change		0%	0%	1.20%
Uncertain tax positions reserve		0.90%	0%	0%
Global intangible low tax income		1.70%	0.20%	0%
Other		0.30%	(1.20%)	(1.10%)
Effective tax rate		25.20%	19.60%	19.50%
[1]With the adoption of ASU 2016-09 in 2017, excess tax benefits from equity awards are reflected within the provision for income taxes rather than within the consolidated balance sheet.

Note 16 - Benefit Plans (Detail

Note 16 - Benefit Plans (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Employer Contribution under Medical and Dental Plan	$ 26,090,000	$ 31,180,000	$ 24,189,000
Savings Plan 401(k) [Member]
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	50%
Defined Contribution Plan Percentage of Eligible Compensation	6%
Defined Contribution Plan, Cost	$ 3,735	$ 4,141,000	$ 6,725,000

Note 17 - Share Plans (Details

Note 17 - Share Plans (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Jun. 13, 2019	Feb. 10, 2010
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)					9,100,000
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)	$ 119.31	$ 282.2	$ 335.7
Proceeds from Stock Options Exercised	$ 7,815	$ 13,786	$ 38,787
Payment, Tax Withholding, Share-Based Payment Arrangement	$ 10,897	$ 40,923	$ 58,903
Board of Directors Chairman [Member]
Deferred Compensation Arrangement with Individual, Shares Issued (in shares)	16,174	8,572	4,677
Deferred Compensation Arrangement with Individual, Shares Granted (in shares)	8,832	5,008	3,160
Deferred Compensation Arrangement with Individual, Compensation Expense	$ 1,846	$ 1,886	$ 1,579
Share-Based Payment Arrangement, Option [Member]
Share-Based Payment Arrangement, Expense	$ 8,229	$ 6,911	$ 6,462
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)			4 years
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)			10 years
Share-Based Payment Arrangement, Shares Withheld for Tax Withholding Obligation (in shares)	31,030	17,376	8,608
Proceeds from Stock Options Exercised	$ 7,815	$ 13,786	$ 38,787
Payment, Tax Withholding, Share-Based Payment Arrangement	4,895	$ 14,089	$ 31,680
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 18,109
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	2 years 7 months 6 days
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	3 years
Share-Based Payment Arrangement, Shares Withheld for Tax Withholding Obligation (in shares)	50,577	92,008	80,583
Payment, Tax Withholding, Share-Based Payment Arrangement	$ 6,002	$ 26,834	$ 27,223
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 53,392
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	2 years
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Performance Measurement, Period (Year)	3 years
Restricted Stock and Performance Shares [Member]
Share-Based Payment Arrangement, Expense	$ 27,263	$ 22,570	$ 17,492
Minimum [Member]
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)	$ 110.86	$ 103.5	$ 323.66
Performance Share Award, Percentage	0%
Maximum [Member]
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price (in dollars per share)	$ 119.57	$ 315.88	$ 438.83
Performance Share Award, Percentage	200%
Equity Incentive Plan (Plan) [Member]
Share-Based Payment Arrangement, Expense	$ 309	$ 2,379	$ 6,249
The 2019 Equity Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)				2,700,000
Share-Based Payment Arrangement, Expense	$ 35,183	$ 27,102	$ 17,705

Note 17 - Share Plans - Weighte

Note 17 - Share Plans - Weighted-average Assumptions used in the Black-Scholes-Merton Option Pricing Model (Details) - Share-Based Payment Arrangement, Option [Member] - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Weighted average grant date fair value per share (in dollars per share)	$ 57.73	$ 129.38	$ 129.47
Expected stock price volatility	45%	38%	37%
Risk free interest rate	3.64%	1.54%	0.45%
Expected annual dividend per share (in dollars per share)	$ 0	$ 0	$ 0
Expected life of options (Year)	6 years 3 months	6 years 3 months	6 years 3 months

Note 17 - Share Plans - Summary

Note 17 - Share Plans - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Outstanding, number of options (in shares)	1,268,404	1,342,131	1,528,690
Outstanding, weighted average exercise price (in dollars per share)	$ 81.35	$ 64.29	$ 49.08
Outstanding, weighted average remaining contractual term (Year)	5 years	4 years 10 months 24 days	5 years 6 months	6 years 3 months 18 days
Outstanding, aggregate intrinsic value	$ 75,587	$ 47,764	$ 386,069	$ 272,553
Granted, number of options (in shares)	208,392	109,266	70,392
Granted, weighted average exercise price (in dollars per share)	$ 119.31	$ 282.2	$ 335.7
Exercised, number of options (in shares)	(159,316)	(137,305)	(229,921)
Exercised, weighted average exercise price (in dollars per share)	$ 42.46	$ 36.91	$ 45.95
Forfeited, number of options (in shares)	(33,144)	(45,688)	(27,030)
Forfeited, weighted average exercise price (in dollars per share)	$ 185.81	$ 194.05	$ 63.27
Outstanding, number of options (in shares)	1,284,336	1,268,404	1,342,131	1,528,690
Outstanding, weighted average exercise price (in dollars per share)	$ 89.64	$ 81.35	$ 64.29	$ 49.08
Exercisable, number of options (in shares)	961,340
Exercisable, weighted average exercise price (in dollars per share)	$ 63.08

Note 17 - Share Plans - Summa_2

Note 17 - Share Plans - Summary of Restricted Share Awards Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Non-vested (in shares)	378,298	365,965	456,194
Non-vested (in dollars per share)	$ 203.04	$ 124.25	$ 68.42
Granted (in shares)	425,099	287,821	126,339
Granted (in dollars per share)	$ 117.62	$ 214.58	$ 223.09
Vested (in shares)	(133,222)	(234,284)	(202,327)
Vested (in dollars per share)	$ 175.94	$ 83.52	$ 58.99
Forfeited (in shares)	(44,789)	(41,204)	(14,241)
Forfeited (in dollars per share)	$ 213.8	$ 263.47	$ 138.64
Non-vested (in shares)	625,386	378,298	365,965

Note 18 - Commitments and Con_2

Note 18 - Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	Dec. 27, 2023	Oct. 15, 2023	Jun. 23, 2023	May 03, 2023	Aug. 01, 2022	Dec. 31, 2023	Dec. 31, 2022
Amount Financed by Dealers						$ 158	$ 212
Consumer Product Safety Commission [Member]
Settlement Agreement, Civil Fine Payments				$ 15.8
Power Home Solar, LLC Against Generac Power Systems, Inc. [Member] | Minimum [Member]
Loss Contingency, Damages Sought, Value					$ 25
Case Nos. 21-cv-00428-ADA and 20-cv-00078-ADA [Member]
Litigation Settlement, Amount Awarded to Other Party	$ 4.6		$ 5.4
Case No. 22-cv-00072-JRG [Member]
Litigation Settlement, Amount Awarded to Other Party		$ 11.5

Note 19 - Quarterly Financial_3

Note 19 - Quarterly Financial Information (Unaudited) - Unaudited Quarterly Financial Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Net sales	$ 1,063,670	$ 1,070,667	$ 1,000,420	$ 887,910	$ 1,049,232	$ 1,088,258	$ 1,291,391	$ 1,135,856	$ 4,022,667	$ 4,564,737	$ 3,737,184
Gross profit	388,724	375,787	328,421	272,499	343,167	361,104	456,985	360,748	1,365,431	1,522,004	1,360,082
Operating income	150,968	104,776	85,972	44,483	107,228	87,523	216,844	154,735	386,199	566,330	721,136
Net income attributable to Generac Holdings Inc.	$ 96,601	$ 60,377	$ 45,198	$ 12,430	$ 71,015	$ 58,270	$ 156,359	$ 113,858	$ 214,606	$ 399,502	$ 550,494
Net income attributable to common shareholders per common share - basic: (in dollars per share)	$ 1.59	$ 0.98	$ 0.7	$ 0.06	$ 0.84	$ 0.84	$ 2.24	$ 1.61	$ 3.31	$ 5.55	$ 8.51
Net income attributable to common shareholders per common share - diluted: (in dollars per share)	$ 1.57	$ 0.97	$ 0.7	$ 0.05	$ 0.83	$ 0.83	$ 2.21	$ 1.57	$ 3.27	$ 5.42	$ 8.3

Note 20 - Valuation and Quali_3

Note 20 - Valuation and Qualifying Accounts - Schedule of Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
SEC Schedule, 12-09, Allowance, Credit Loss [Member]
Beginning		$ 27,664	$ 12,025	$ 12,001
Additions Charged to Earnings		7,443	17,966	206
Allowance for credit losses	[1]	(1,206)	(2,825)	(1,640)
Charges to Reserve, Net	[2]	24	498	1,458
Reserves Assumed in Acquisition		33,925	27,664	12,025
SEC Schedule, 12-09, Reserve, Inventory [Member]
Beginning		39,714	33,537	27,817
Additions Charged to Earnings		4,621	9,656	17,698
Allowance for credit losses	[1]	(5,308)	(4,737)	(15,749)
Charges to Reserve, Net	[2]	0	1,258	3,771
Reserves Assumed in Acquisition		39,027	39,714	33,537
SEC Schedule, 12-09, Valuation Allowance, Deferred Tax Asset [Member]
Beginning		4,638	7,874	5,740
Additions Charged to Earnings		516	649	1,404
Allowance for credit losses	[1]	(18)	(1,501)	(2,441)
Charges to Reserve, Net	[2]	0	(2,384)	3,171
Reserves Assumed in Acquisition		$ 5,136	$ 4,638	$ 7,874
[1]Result of adopting ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.[2]Deductions from the allowance for doubtful accounts equal accounts receivable written off against the allowance, less recoveries, as well as foreign currency translation adjustments. Deductions from the reserves for inventory excess and obsolete items equal inventory written off against the reserve as items were disposed of, as well as foreign currency translation adjustments.