Generac (GNRC) 10-Q8 Aug 232023 Q2 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2023	Aug. 02, 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	Q2
Document Fiscal Year Focus	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity File Number	001-34627
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	20-5654756
Entity Address, Address Line One	S45 W29290 Hwy 59
Entity Address, City or Town	Waukesha
Entity Address, State or Province	WI
Entity Address, Postal Zip Code	53189
City Area Code	262
Local Phone Number	544-4811
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	GNRC
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		62,242,577

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 192,768	$ 132,723
Accounts receivable, less allowance for credit losses of $29,610 and $27,664 at June 30, 2023 and December 31, 2022, respectively	540,332	522,458
Inventories	1,436,619	1,405,384
Prepaid expenses and other current assets	103,334	121,783
Total current assets	2,273,053	2,182,348
Property and equipment, net	505,026	467,604
Customer lists, net	200,478	206,987
Patents and technology, net	438,148	454,757
Other intangible assets, net	34,515	41,719
Tradenames, net	223,229	227,251
Goodwill	1,430,283	1,400,880
Deferred income taxes	13,953	12,746
Operating lease and other non-current assets	203,286	175,170
Total assets	5,321,971	5,169,462
Current liabilities:
Short-term borrowings	77,889	48,990
Accounts payable	454,727	446,050
Accrued wages and employee benefits	53,417	45,741
Accrued product warranty	74,025	89,141
Other accrued liabilities	254,700	349,389
Current portion of long-term borrowings and finance lease obligations	22,069	12,733
Total current liabilities	936,827	992,044
Long-term borrowings and finance lease obligations	1,523,310	1,369,085
Deferred income taxes	114,990	125,691
Operating lease and other long-term liabilities	319,400	312,916
Total liabilities	2,894,527	2,799,736
Redeemable noncontrolling interests	5,688	110,471
Stockholders' equity:
Common stock, par value $0.01, 500,000,000 shares authorized, 73,097,016 and 72,701,257 shares issued at June 30, 2023 and December 31, 2022, respectively	732	728
Additional paid-in capital	1,053,759	1,016,138
Treasury stock, at cost, 10,858,348 and 11,284,350 shares at June 30, 2023 and December 31, 2022, respectively	(779,892)	(808,491)
Excess purchase price over predecessor basis	(202,116)	(202,116)
Retained earnings	2,363,015	2,316,224
Accumulated other comprehensive loss	(16,216)	(65,102)
Stockholders' equity attributable to Generac Holdings Inc.	2,419,282	2,257,381
Noncontrolling interests	2,474	1,874
Total stockholders' equity	2,421,756	2,259,255
Total liabilities and stockholders' equity	$ 5,321,971	$ 5,169,462

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Allowance for credit losses	$ 29,610	$ 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)	73,097,016	72,701,257
Treasury stock, shares (in shares)	10,858,348	11,284,350

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net sales		$ 1,000,420	$ 1,291,391	$ 1,888,330	$ 2,427,247
Costs of goods sold		671,999	834,406	1,287,410	1,609,514
Gross profit		328,421	456,985	600,920	817,733
Operating expenses:
Selling and service		115,743	120,066	216,431	218,309
Research and development		43,942	41,599	85,762	81,343
General and administrative		56,371	52,600	116,056	94,572
Amortization of intangibles		26,393	25,876	52,216	51,930
Total operating expenses		242,449	240,141	470,465	446,154
Income from operations		85,972	216,844	130,455	371,579
Other (expense) income:
Interest expense		(25,160)	(10,235)	(48,155)	(19,789)
Investment income		941	92	1,629	169
Loss on extinguishment of debt	[1]	0	(3,743)	0	(3,743)
Other, net		(331)	505	(497)	751
Total other expense, net		(24,550)	(13,381)	(47,023)	(22,612)
Income before provision for income taxes		61,422	203,463	83,432	348,967
Provision for income taxes		15,907	45,826	23,756	74,434
Net income		45,515	157,637	59,676	274,533
Net income attributable to noncontrolling interests		317	1,278	2,048	4,316
Net income attributable to Generac Holdings Inc.		$ 45,198	$ 156,359	$ 57,628	$ 270,217
Net income attributable to Generac Holdings Inc. per common share - basic: (in dollars per share)		$ 0.70	$ 2.24	$ 0.76	$ 3.85
Weighted average common shares outstanding - basic: (in shares)		61,721,614	63,662,510	61,645,341	63,607,711
Net income attributable to Generac Holdings Inc. per common share - diluted: (in dollars per share)		$ 0.70	$ 2.21	$ 0.75	$ 3.78
Weighted average common shares outstanding - diluted: (in shares)		62,348,184	64,713,748	62,429,911	64,799,002
Comprehensive income attributable to Generac Holdings Inc.		$ 69,060	$ 120,864	$ 104,422	$ 243,229

[1]Represents the write-off of original issue discount and capitalized debt issuance costs due to voluntary debt prepayment.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock, Common [Member]	Excess Purchase Price over Predecessor Basis [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Dec. 31, 2021	72,386,017		(8,667,031)
Balance at Dec. 31, 2021	$ 725	$ 952,939	$ (448,976)	$ (202,116)	$ 1,965,957	$ (54,755)	$ 2,213,774	$ 313	$ 2,214,087
Unrealized gain (loss) on interest rate swaps, net of tax						25,857	25,857	0	25,857
Foreign currency translation adjustment						(53,941)	(53,941)	(74)	(54,015)
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price (in shares)	202,571
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price	$ 2	(1,682)					(1,680)		(1,680)
Net share settlement of restricted stock awards			$ (26,318)				(26,318)		(26,318)
Net share settlement of restricted stock awards (in shares)			(88,420)
Share-based compensation		16,562					16,562		16,562
Redemption value adjustment					(25,592)		(25,592)		(25,592)
Net income attributable to Generac Holdings Inc.					270,217		270,217		270,217
Net income								644
Net income									270,861
Balance (in shares) at Jun. 30, 2022	72,588,588		(8,755,451)
Balance at Jun. 30, 2022	$ 727	967,819	$ (475,294)	(202,116)	2,210,582	(82,839)	2,418,879	883	2,419,762
Balance (in shares) at Mar. 31, 2022	72,589,905		(8,740,863)
Balance at Mar. 31, 2022	$ 727	959,890	$ (471,833)	(202,116)	2,067,868	(46,402)	2,308,134	478	2,308,612
Unrealized gain (loss) on interest rate swaps, net of tax						7,129	7,129	0	7,129
Foreign currency translation adjustment						(43,566)	(43,566)	(256)	(43,822)
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price (in shares)	(1,317)
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price		194					194		194
Net share settlement of restricted stock awards			$ (3,461)				(3,461)		(3,461)
Net share settlement of restricted stock awards (in shares)			(14,588)
Share-based compensation		7,735					7,735		7,735
Redemption value adjustment					(13,645)		(13,645)		(13,645)
Net income attributable to Generac Holdings Inc.					156,359		156,359		156,359
Net income								661
Net income									157,020
Balance (in shares) at Jun. 30, 2022	72,588,588		(8,755,451)
Balance at Jun. 30, 2022	$ 727	967,819	$ (475,294)	(202,116)	2,210,582	(82,839)	2,418,879	883	2,419,762
Balance (in shares) at Dec. 31, 2022	72,701,257		(11,284,350)
Balance at Dec. 31, 2022	$ 728	1,016,138	$ (808,491)	(202,116)	2,316,224	(65,102)	2,257,381	1,874	2,259,255
Unrealized gain (loss) on interest rate swaps, net of tax						1,264	1,264		1,264
Foreign currency translation adjustment						47,622	47,622	55	47,677
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price (in shares)	384,816
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price	$ 4	1,832					1,836		1,836
Net share settlement of restricted stock awards			$ (4,797)				(4,797)		(4,797)
Net share settlement of restricted stock awards (in shares)			(40,116)
Share-based compensation		20,379					20,379		20,379
Redemption value adjustment					(10,837)		(10,837)		(10,837)
Net income attributable to Generac Holdings Inc.					57,628		57,628		57,628
Net income								545
Net income									58,173
Payment of contingent consideration (in shares)	10,943		466,118
Payment of contingent consideration		15,410	$ 33,396				48,806		48,806
Balance (in shares) at Jun. 30, 2023	73,097,016		(10,858,348)
Balance at Jun. 30, 2023	$ 732	1,053,759	$ (779,892)	(202,116)	2,363,015	(16,216)	2,419,282	2,474	2,421,756
Balance (in shares) at Mar. 31, 2023	73,052,760		(10,855,203)
Balance at Mar. 31, 2023	$ 731	1,042,786	$ (779,533)	(202,116)	2,319,638	(42,343)	2,339,163	2,216	2,341,379
Unrealized gain (loss) on interest rate swaps, net of tax						5,752	5,752		5,752
Foreign currency translation adjustment						20,375	20,375	(5)	20,370
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price (in shares)	44,256
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price	$ 1	928					929		929
Net share settlement of restricted stock awards			$ (359)				(359)		(359)
Net share settlement of restricted stock awards (in shares)			(3,145)
Share-based compensation		10,045					10,045		10,045
Redemption value adjustment					(1,821)		(1,821)		(1,821)
Net income attributable to Generac Holdings Inc.					45,198		45,198		45,198
Net income								263
Net income									45,461
Balance (in shares) at Jun. 30, 2023	73,097,016		(10,858,348)
Balance at Jun. 30, 2023	$ 732	$ 1,053,759	$ (779,892)	$ (202,116)	$ 2,363,015	$ (16,216)	$ 2,419,282	$ 2,474	$ 2,421,756

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Unrealized gain (loss) on interest rate swaps, tax	$ 1,922	$ 2,408	$ 423	$ 8,734

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended		12 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Operating activities
Net income		$ 45,515	$ 157,637	$ 59,676	$ 274,533
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation				28,982	25,629
Amortization of intangible assets		26,393	25,876	52,216	51,930
Amortization of original issue discount and deferred financing costs				1,921	1,287
Loss on extinguishment of debt	[1]	0	3,743	0	3,743
Deferred income taxes				(14,152)	(61,625)
Share-based compensation expense	[2]	10,045	7,735	20,379	16,562
Gain on disposal of assets				(532)	(587)
Other noncash (gains) charges				735	(2,037)
Net changes in operating assets and liabilities, net of acquisitions:
Accounts receivable				(15,535)	(143,308)
Inventories				(15,897)	(158,232)
Other assets				16,333	1,637
Accounts payable				(2,449)	(54,583)
Accrued wages and employee benefits				6,694	(11,876)
Other accrued liabilities				(72,743)	86,616
Excess tax benefits from equity awards				(1,040)	(15,996)
Net cash provided by operating activities				64,588	13,693
Investing activities
Proceeds from sale of property and equipment				1,801	1,883
Proceeds from sale of investment				0	1,308
Proceeds from beneficial interests in securitization transactions				1,472	1,843
Contribution to equity method investment				(6,627)	(10,229)
Purchase of long-term investment				(2,000)	0
Expenditures for property and equipment				(53,900)	(46,503)
Acquisition of business, net of cash acquired				(16,188)	(11,421)
Net cash used in investing activities				(75,442)	(63,119)
Financing activities
Proceeds from short-term borrowings				45,989	216,681
Proceeds from long-term borrowings				317,975	935,000
Repayments of short-term borrowings				(21,125)	(208,244)
Repayments of long-term borrowings and finance lease obligations				(160,557)	(538,401)
Payment of contingent acquisition consideration				(4,979)	0
Payment of debt issuance costs				0	(10,330)
Purchase of additional ownership interest				(104,844)	(375)
Taxes paid related to equity awards				(9,186)	(38,347)
Proceeds from exercise of stock options				6,223	10,383
Net cash provided by financing activities				69,496	366,367
Effect of exchange rate changes on cash and cash equivalents				1,403	2,860
Net increase in cash and cash equivalents				60,045	319,801
Cash and cash equivalents at beginning of period				132,723	147,339	$ 147,339
Cash and cash equivalents at end of period		$ 192,768	$ 467,140	$ 192,768	$ 467,140	$ 132,723

[1]Represents the write-off of original issue discount and capitalized debt issuance costs due to voluntary debt prepayment.[2]Represents share-based compensation expense to account for stock options, restricted stock, and other stock awards over their respective vesting periods.

Note 1 - Description of Busines

Note 1 - Description of Business and Basis of Presentation	6 Months Ended
Note 1 - Description of Business and Basis of Presentation	Jun. 30, 2023
Notes to Financial Statements
Business Description and Basis of Presentation [Text Block]	1. Description of Business and Basis of Presentation Founded in 1959, Over the years, the Company has executed a number of acquisitions that support its strategic plan (as discussed in Item 1 10 December 31, 2022 ● In June 2022, ● In October 2022, ● In February 2023, The condensed consolidated financial statements include the accounts of the Company and its subsidiaries that are consolidated in conformity with U.S. generally accepted accounting principles (GAAP). All intercompany amounts and transactions have been eliminated in consolidation. The condensed consolidated balance sheet as of June 30, 2023 three six June 30, 2023 2022 three six June 30, 2023 2022 six June 30, 2023 2022 not not The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Certain information and footnote disclosures normally included in consolidated financial statements prepared in accordance with GAAP have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Annual Report on Form 10 December 31, 2022 New Accounting Pronouncements Changes to GAAP are established by the Financial Accounting Standards Board (FASB) in the form of accounting standard updates (ASUs) to the FASB Accounting Standards Codification (ASC). ASUs issued were assessed and have already been adopted in a prior period or determined to be either not not

Note 2 - Acquisitions

Note 2 - Acquisitions	6 Months Ended
Note 2 - Acquisitions	Jun. 30, 2023
Notes to Financial Statements
Business Combination Disclosure [Text Block]	2 . Acquisitions Fiscal 2023 On February 1, 2023, The accompanying condensed consolidated financial statements include the results of REFUstor from the date of acquisition through June 30, 2023. first 2023, March 31, 2024, not June 30, 2023. not not Fiscal 2022 On June 30, 2022, On October 3, 2022, The combined purchase price for these two second fourth 2022, second 2023 did not second 2023, June 30, 2023. not 2022 not

Note 3 - Redeemable Noncontroll

Note 3 - Redeemable Noncontrolling Interest	6 Months Ended
Note 3 - Redeemable Noncontrolling Interest	Jun. 30, 2023
Notes to Financial Statements
Redeemable Noncontrolling Interest [Text Block]	3. 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 13, Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Balance at beginning of period $ 3,814 $ 71,511 $ 110,471 $ 58,050 Net income 222 816 1,670 3,672 Foreign currency translation (169 ) (3,228 ) (536 ) (4,109 ) Purchase of additional ownership interest - 86 (116,754 ) (375 ) Redemption value adjustment 1,821 13,645 10,837 25,592 Balance at end of period $ 5,688 $ 82,830 $ 5,688 $ 82,830

Note 4 - Derivative Instruments

Note 4 - Derivative Instruments and Hedging Activities	6 Months Ended
Note 4 - Derivative Instruments and Hedging Activities	Jun. 30, 2023
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	4 . Derivative Instruments and Hedging Activities The Company records all derivatives in accordance with ASC 815, Derivatives and Hedging not The Company periodically utilizes commodity derivatives and foreign currency forward purchase and sales contracts in the normal course of business. Because these contracts do not not Interest Rate Swaps In 2017, twenty ap agreements, the final four May 2023. March 2020, three June 30, 2023 In June 2022, 11, The amount of gains/(losses), net of tax recognized, for the three six June 30, 2023, was $5,752 and $1,264, respectively. three six June 30, 2022, and $25,857, respectively. Fair Value The following table presents the fair value of all of the Company’s derivatives: June 30, 2023 December 31, 2022 Commodity contracts $ 79 $ - Foreign currency contracts 130 94 Interest rate swaps 50,966 49,279 In the condensed consolidated balance sheets, the fair value of the commodity and foreign currency contracts is included in prepaid expenses and other current assets, and the fair value of the interest rate swaps is included in operating lease and other assets. Excluding the impact of credit risk, the fair value of the derivative contracts as of June 30, 2023 and December 31, 2022 is an asset of $52,998 nd $51,184 respect

Note 5 - Fair Value Measurement

Note 5 - Fair Value Measurements	6 Months Ended
Note 5 - Fair Value Measurements	Jun. 30, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	5. Measurements ASC 820 10, Fair Value Measurement 820 10 three 1 2 3 no The Company believes the carrying amount of its financial instruments (cash and cash equivalents, accounts receivable, accounts payable, accrued liabilities, short-term borrowings, and revolving facility borrowings), excluding Term Loan borrowings, approximates the fair value of these instruments based on their short-term nature. The fair value of the Term Loan B borrowing, which has a net carrying value o f $524,114, w $528,013 2 June 30, 2023, not the fair value of Term Loan A approximates the carrying value. For the fair value of the derivatives measured on a recurring basis, refer to the fair value table in Note 4, 2. 820 10. Contingent Consideration Certain of the Company's business combinations involve potential payment of future consideration that is contingent upon the achievement of certain milestones. As part of purchase accounting, a liability is recorded for the estimated fair value of the contingent consideration on the acquisition date. The fair value of the contingent consideration is remeasured at each reporting period, and the change in fair value is recognized within general and administrative expenses in the Company's condensed consolidated statements of comprehensive income. The fair value measurement of contingent consideration is typically categorized as a Level 3 not At June 30, 2023, $39,579 i December 31, 2022, The following table provides a reconciliation of the activity for contingent consideration: Beginning balance, January 1, 2023 $ 81,533 Changes in fair value - Additional contingent consideration (1) 11,490 Payment of contingent consideration (2) (53,786 ) Present value interest accretion 342 Ending balance, June 30, 2023 $ 39,579 ( 1 3, ( 2

Note 6 - Accumulated Other Comp

Note 6 - Accumulated Other Comprehensive Loss	6 Months Ended
Note 6 - Accumulated Other Comprehensive Loss	Jun. 30, 2023
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	6. Loss The following table presents a disclosure of changes in AOCL during the three six June 30, 2023 2022 Foreign Currency Translation Adjustments Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – April 1, 2023 $ (74,298 ) $ 31,955 $ (42,343 ) Other comprehensive income (loss) 20,375 (1) 5,752 (2) 26,127 Ending Balance – June 30, 2023 $ (53,923 ) $ 37,707 $ (16,216 ) Foreign Currency Translation Adjustments Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – April 1, 2022 $ (63,079 ) $ 16,677 $ (46,402 ) Other comprehensive income (loss) (43,566 ) (3) 7,129 (4) (36,437 ) Ending Balance – June 30, 2022 $ (106,645 ) $ 23,806 $ (82,839 ) Foreign Currency Translation Adjustments Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – January 1, 2023 $ (101,545 ) $ 36,443 $ (65,102 ) Other comprehensive income (loss) 47,622 (1) 1,264 (5) 48,886 Ending Balance – June 30, 2023 $ (53,923 ) $ 37,707 $ (16,216 ) Foreign Currency Translation Adjustments Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – January 1, 2022 $ (52,704 ) $ (2,051 ) $ (54,755 ) Other comprehensive income (loss) (53,941 ) (3) 25,857 (6) (28,084 ) Ending Balance – June 30, 2022 $ (106,645 ) $ 23,806 $ (82,839 ) ( 1 Represents favorable impact from the weakening of the U.S. dollar against foreign currencies during the three six June 30, 2023, ( 2 Represents unrealized gains of $7,674 on the interest rate swaps, net of tax effect of $(1,922) for the three June 30, 2023. ( 3 Represents unfavorable impact from the strengthening of the U.S. dollar against foreign currencies during the three six June 30, 2022, ( 4 Represents unrealized gains of $9,537 on the interest rate swaps, net of tax effect of $(2,408) for the three June 30, 2022. ( 5 Represents unrealized gains of $1,687 on the interest rate swaps, net of tax effect of $(423) for the six June 30, 2023. ( 6 Represents unrealized gains of $34,591 on the interest rate swaps, net of tax effect of $(8,734) for the six June 30, 2022.

Note 7 - Segment Reporting

Note 7 - Segment Reporting	6 Months Ended
Note 7 - Segment Reporting	Jun. 30, 2023
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	7 . Segment Reporting The Company has two two The Company's product offerings consist primarily of power generation equipment, energy storage systems, energy management devices and solutions, and other power products geared for varying end customer uses. While Residential products and Commercial & Industrial (C&I) products include similar products, they differ based on power output and end customer. The breakout of net sales between residential, C&I, and other products and services by reportable segment is as follows: Net Sales by Segment Three Months Ended June 30, 2023 Product Classes Domestic International Total Residential products $ 468,184 $ 30,403 $ 498,587 Commercial & industrial products 234,605 149,748 384,353 Other 101,750 15,730 117,480 Total net sales $ 804,539 $ 195,881 $ 1,000,420 Net Sales by Segment Three Months Ended June 30, 2022 Product Classes Domestic International Total Residential products $ 860,014 $ 35,999 $ 896,013 Commercial & industrial products 173,549 135,799 309,348 Other 73,868 12,162 86,030 Total net sales $ 1,107,431 $ 183,960 $ 1,291,391 Net Sales by Segment Six Months Ended June 30, 2023 Product Classes Domestic International Total Residential products $ 849,336 $ 68,114 $ 917,450 Commercial & industrial products 462,729 284,614 747,343 Other 196,862 26,675 223,537 Total net sales $ 1,508,927 $ 379,403 $ 1,888,330 Net Sales by Segment Six Months Ended June 30, 2022 Product Classes Domestic International Total Residential products $ 1,610,341 $ 62,616 $ 1,672,957 Commercial & industrial products 319,286 268,791 588,077 Other 142,478 23,735 166,213 Total net sales $ 2,072,105 $ 355,142 $ 2,427,247 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. The Other product class consists primarily of aftermarket service parts and product accessories sold to our customers, the amortization of extended warranty deferred revenue, remote monitoring and grid services subscription revenue, as well as certain installation and maintenance service revenue. The aftermarket service parts and product accessories are generally transferred to the customer at a point in time, while the extended warranty revenue and subscription revenue are recognized over the life of the contract. Other service revenue is recognized when the service is performed. The following table sets forth total sales by reportable segment and is inclusive of intersegment sales: Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Domestic International Eliminations Total Domestic International Eliminations Total External net sales $ 804,539 $ 195,881 $ - $ 1,000,420 $ 1,107,431 $ 183,960 $ - $ 1,291,391 Intersegment sales 10,713 27,842 (38,555 ) - 18,987 19,334 (38,321 ) - Total sales $ 815,252 $ 223,723 $ (38,555 ) $ 1,000,420 $ 1,126,418 $ 203,294 $ (38,321 ) $ 1,291,391 Six Months Ended June 30, 2023 Six Months Ended June 30, 2022 Domestic International Eliminations Total Domestic International Eliminations Total External net sales $ 1,508,927 $ 379,403 $ - $ 1,888,330 $ 2,072,105 $ 355,142 $ - $ 2,427,247 Intersegment sales 26,320 60,784 (87,104 ) - 29,257 33,659 (62,916 ) - Total sales $ 1,535,247 $ 440,187 $ (87,104 ) $ 1,888,330 $ 2,101,362 $ 388,801 $ (62,916 ) $ 2,427,247 Management evaluates the performance of its segments based primarily on Adjusted EBITDA, which is reconciled to income before provision for income taxes below. The computation of Adjusted EBITDA is defined as net income before noncontrolling interest adjusted for the following items: interest expense, depreciation expense, amortization of intangible assets, income tax expense, certain non-cash gains and losses including purchase accounting and contingent consideration adjustments, share-based compensation expense, losses on extinguishment of debt, certain transaction costs and credit facility fees, business optimization expenses, and certain other specific provisions. Adjusted EBITDA Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Domestic $ 103,202 $ 241,928 $ 170,863 $ 412,349 International 33,343 29,534 65,757 55,526 Total adjusted EBITDA $ 136,545 $ 271,462 $ 236,620 $ 467,875 Interest expense (25,160 ) (10,235 ) (48,155 ) (19,789 ) Depreciation and amortization (41,247 ) (39,098 ) (81,198 ) (77,559 ) Non-cash write-down and other adjustments (1) 4,152 (4,607 ) 7,312 3,185 Non-cash share-based compensation expense (2) (10,045 ) (7,735 ) (20,379 ) (16,562 ) Loss on extinguishment of debt (3) - (3,743 ) - (3,743 ) Transaction costs and credit facility fees (4) (1,149 ) (1,592 ) (2,240 ) (2,581 ) Business optimization and other charges (5) (1,760 ) (1,590 ) (2,860 ) (2,749 ) Provision for regulatory charges (6) - - (5,800 ) - Other 86 601 132 890 Income before provision for income taxes $ 61,422 $ 203,463 $ 83,432 $ 348,967 ( 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 write-off of original issue discount and capitalized debt issuance costs due to voluntary debt prepayment. ( 4 Represents transaction costs incurred directly in connection with any investment, as defined in our credit agreement, equity issuance or debt issuance or refinancing, together with certain fees relating to our senior secured credit facilities. ( 5 Represents severance and other restructuring charges. ( 6 The amount recorded in the first 2023 $5,800 July 29, 2021. May 25, 2023, The Company’s sales in the U.S. represented approximately of total sales for the three June 30, 2023 June 30, 2022, six June 30, 2023 and June 30, 2022, June 30, 2023 and December 31, 2022 , respectively.

Note 8 - Balance Sheet Details

Note 8 - Balance Sheet Details	6 Months Ended
Note 8 - Balance Sheet Details	Jun. 30, 2023
Notes to Financial Statements
Supplemental Balance Sheet Disclosures [Text Block]	8 . Balance Sheet Details Inventories consist of the following: June 30, December 31, 2023 2022 Raw material $ 818,867 $ 798,340 Work-in-process 14,919 14,899 Finished goods 602,833 592,145 Total $ 1,436,619 $ 1,405,384 Property and equipment consists of the following: June 30, December 31, 2023 2022 Land and improvements $ 23,065 $ 22,589 Buildings and improvements 252,437 243,553 Machinery and equipment 256,375 229,593 Dies and tools 40,448 37,343 Vehicles 10,148 9,807 Office equipment and systems 164,114 148,166 Leasehold improvements 8,072 6,849 Construction in progress 64,885 52,522 Gross property and equipment 819,544 750,422 Accumulated depreciation (314,518 ) (282,818 ) Total $ 505,026 $ 467,604 Total property and equipment includes finance leases of $26,993 and $24,719 on June 30, 2023 December 31, 2022

Note 9 - Product Warranty Oblig

Note 9 - Product Warranty Obligations	6 Months Ended
Note 9 - Product Warranty Obligations	Jun. 30, 2023
Notes to Financial Statements
Product Warranty Disclosure [Text Block]	9. Obligations The Company records a liability for standard product warranty obligations accounted for as assurance warranties at the time of sale of the product to a customer based upon historical warranty experience. The Company also records a liability for specific warranty matters when they become known and are reasonably estimable. The following is a tabular reconciliation of the Company’s standard product warranty liability accounted for as an assurance warranty: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Balance at beginning of period $ 128,599 $ 101,491 $ 138,011 $ 94,213 Payments (25,490 ) (18,434 ) (51,642 ) (31,458 ) Provision for warranty issued 17,352 21,668 33,217 43,093 Changes in estimates for pre-existing warranties 1,761 5,613 2,636 4,490 Balance at end of period $ 122,222 $ 110,338 $ 122,222 $ 110,338 Additionally, the Company sells extended warranty coverage for certain products, which it accounts for as a service warranty. The sales of extended warranties are recorded as deferred revenue, and typically have a duration of five ten Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Balance at beginning of period $ 136,685 $ 115,923 $ 132,813 $ 111,647 Deferred revenue contracts issued 10,433 11,332 20,159 20,878 Amortization of deferred revenue contracts (6,196 ) (5,357 ) (12,050 ) (10,627 ) Balance at end of period $ 140,922 $ 121,898 $ 140,922 $ 121,898 The timing of recognition of the Company’s deferred revenue balance related to extended warranties as of June 30, 2023 Remainder of 202 3 $ 12,789 202 4 26,454 202 5 26,744 202 6 22,638 202 7 17,656 After 202 7 34,641 Total $ 140,922 Standard product warranty obligations and extended warranty related deferred revenues are included in the condensed consolidated balance sheets as follows: June 30, December 31, 2023 2022 Product warranty liability Current portion - Accrued product warranty $ 74,025 $ 89,141 Long-term portion - other long-term liabilities 48,197 48,870 Total $ 122,222 $ 138,011 Deferred revenue related to extended warranties Current portion - other accrued liabilities $ 25,818 $ 30,291 Long-term portion - other long-term liabilities 115,104 102,522 Total $ 140,922 $ 132,813

Note 10 - Contract Balances

Note 10 - Contract Balances	6 Months Ended
Note 10 - Contract Balances	Jun. 30, 2023
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	10. While the Company’s standard payment terms are less than one June 30, 2023 December 31, 2022 six June 30, 2023 December 31, 2022 one

Note 11 - Credit Agreements

Note 11 - Credit Agreements	6 Months Ended
Note 11 - Credit Agreements	Jun. 30, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	11 . Credit Agreements Short-term borrowings included in the condensed consolidated balance sheets as of June 30, 2023 December 31, 2022 77,889 Long-term borrowings are included in the condensed consolidated balance sheets as follows: June 30, December 31, 2023 2022 Tranche A Term Loan $ 750,000 $ 750,000 Tranche B Term Loan 530,000 530,000 Original issue discount and deferred financing costs (14,647 ) (16,568 ) Revolver 250,000 90,000 Finance lease obligation 29,770 27,420 Other 256 966 Total 1,545,379 1,381,818 Less: current portion of debt 18,767 10,083 Less: current portion of finance lease obligation 3,302 2,650 Total $ 1,523,310 $ 1,369,085 Maturities of the Company's Tranche A Term Loan Facility, Tranche B Term Loan Facility, and Revolving Facility outstanding at June 30, 2023 Tranche A Term Loan Tranche B Term Loan Revolver Total 2023 $ 9,375 $ - $ - $ 9,375 2024 28,125 - - 28,125 2025 46,875 - - 46,875 2026 65,625 530,000 - 595,625 2027 600,000 - 250,000 850,000 Total $ 750,000 $ 530,000 $ 250,000 $ 1,530,000 The Tranche B Term Loan Facility matures on December 13, 2026, June 29, 2027 September 2023, The Company’s credit agreements originally provided for a $1,200,000 term loan B credit facility (Tranche B Term Loan Facility) and included a $300,000 uncommitted incremental term loan on that facility. The Tranche B Term Loan Facility initially bore interest at rates based on either a base rate plus an applicable margin of 1.75% or adjusted LIBOR rate plus an applicable margin of 2.75%, subject to a LIBOR floor of 0.75%. After a number of amendments, the Tranche B Term Loan Facility currently bears interest at rates based on either a base rate plus an applicable margin of 0.75% or adjusted Secured Overnight Financing Rate (SOFR) rate plus an applicable margin of 1.75%, subject to a SOFR floor of 0.00%. The interest rate for the Tranche B Term Loan Facility as of June 30, 2023, 7.01%. The Tranche B Term Loan Facility does not 1.00 June 30, 2023, s 2.52 1.00 no In June 2022, second 2022 The Tranche A Term Loan Facility and the Revolving Facility initially bore interest at a rate based on adjusted SOFR plus an applicable margin of 1.5% through December 31, 2022, January 1, 2023, June 30, 2023 6.49%. 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. June 30, 2023, 2.66 1.00 1.00. June 30, 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 June 30, 2023, 250,000 $999,945 See Note 4, 7A 10

Note 12 - Stock Repurchase Prog

Note 12 - Stock Repurchase Program	6 Months Ended
Note 12 - Stock Repurchase Program	Jun. 30, 2023
Notes to Financial Statements
Treasury Stock [Text Block]	12 . Stock Repurchase Program In September 2020, October 27, 2020, third 2022. July 2022, August 5, 2022, may may may may three six June 30, 2023 2022. August 2015),

Note 13 - Earnings Per Share

Note 13 - Earnings Per Share	6 Months Ended
Note 13 - Earnings Per Share	Jun. 30, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	13. Share Basic earnings per share is calculated by dividing net income attributable to the common shareholders of the Company by the weighted average number of common shares outstanding during the period, exclusive of restricted shares. Except where the result would be anti-dilutive, diluted earnings per share is calculated by assuming the vesting of unvested restricted stock and the exercise of stock options, as well as the satisfaction of certain contingent consideration conditions as of the end of the period. Refer to Note 3, The following table reconciles the numerator and the denominator used to calculate basic and diluted earnings per share: Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Numerator Net income attributable to Generac Holdings Inc. $ 45,198 $ 156,359 $ 57,628 $ 270,217 Redeemable noncontrolling interest redemption value adjustment (1,821 ) (13,645 ) (10,837 ) (25,592 ) Net income attributable to common shareholders $ 43,377 $ 142,714 $ 46,791 $ 244,625 Denominator Weighted average shares, basic 61,721,614 63,662,510 61,645,341 63,607,711 Dilutive effect of stock compensation awards (1) 626,570 1,040,295 784,570 1,180,348 Dilutive effect of contingently issued shares - 10,943 - 10,943 Diluted shares 62,348,184 64,713,748 62,429,911 64,799,002 Net income attributable to common shareholders per share Basic $ 0.70 $ 2.24 $ 0.76 $ 3.85 Diluted $ 0.70 $ 2.21 $ 0.75 $ 3.78 ( 1 three six June 30, 2023, three six June 30, 2022,

Note 14 - Income Taxes

Note 14 - Income Taxes	6 Months Ended
Note 14 - Income Taxes	Jun. 30, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	14 . Income Taxes The effective income tax rates for the six June 30, 2023 2022 28. 5%

Note 15 - Commitments and Conti

Note 15 - Commitments and Contingencies	6 Months Ended
Note 15 - Commitments and Contingencies	Jun. 30, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	15 . Commitments and Contingencies The Company has an arrangement with a finance company to provide floor plan financing for certain dealers. The Company receives payment from the finance company after shipment of product to the dealer. The Company participates in the cost of dealer financing up to certain limits and has agreed to repurchase products repossessed by the finance company, but does not June 30, 2023 December 31, 2022 On August 1, 2022, September 23, 2022, October 7, 2022, 7 one not October 11, 2022. not may On October 28, 2022, Eight additional putative class actions were filed by consumers of Generac clean energy products between November 21, 2022 July 5, 2023. Basler, et al. v. Generac Power Systems, Inc. No. 22 01386; Dillon v. Generac Power Systems, Inc. No. 23 00034; Kates v. Generac Power Systems, Inc., et al., No. 23 00892; Zukas, et al., v. Generac Power Systems, Inc., et al., No. 23 00874 Moon v. Generac Power Systems, Inc. et al. No. 22 09183; Hufton, et al., v. Generac Power Systems, Inc., et al., No. 23 02462 Locatell v. Generac Power Systems, Inc., et al. No. 23 00203 Baltimore, et al. v. Generac Power Systems, Inc., No. 23 00217 On March 3, 2023, Moon July 19, 2023, 45 60 On December 1, 2022, January 20, 2023, April 29, 2021 November 1, 2022 March 14, 2023, two May 30, 2023, July 31, 2023, On February 3, 2023, 14 10 20 1934, March 6, 2023, second May 2, 2023, two May 30, 2023, Between March 20, 2023 April 11, 2023, three June 1, 2023, three On October 28, 2022, 1.85 2019 2020 2020 . On November 30, 2022, 19 4 15 2068 4 July 29, 2021. May 3, 2023, not July 21, 2023, In 2019, 2021. two Certain Smart Thermostats, Smart HVAC Systems, and Components Thereof No. 337 1185 Certain Smart Thermostat Systems, Smart HVAC Systems, Smart HVAC Control Systems, and Components Thereof No. 337 1258 three one June 23, 2023, 21 00428 20 00078 one two two two No. 22 000330 October 30, 2023, three No. 21 00323 December 11, 2023 On March 8, 2022, No. 22 00072 four September 11, 2023. On June 9, 2023, two Spartronics Vietnam, Inc. v. Generac Power Systems, Inc., et al. No. 23 00957 Spartronics Vietnam, Inc. v. Generac Power Systems, Inc., et al. No. 23 7206 third one EXIM & Mfr Enter. v. Spartronics Vietnam, Inc. No. 23 00660 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

Item 5. Other Information

Item 5. Other Information	6 Months Ended
Item 5. Other Information	Jun. 30, 2023
Notes to Financial Statements
Issuer Rule 10b5-1, Material Terms [Text Block]	5. Other Information During the three June 30, 2023, no 10b5 1 10b5 1 408 On August 8, 2023, $1 September 1, 2023, third March 1, 2024 $2 December 31, 2026, three

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
Significant Accounting Policies (Policies)	Jun. 30, 2023
Accounting Policies [Abstract]
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Pronouncements Changes to GAAP are established by the Financial Accounting Standards Board (FASB) in the form of accounting standard updates (ASUs) to the FASB Accounting Standards Codification (ASC). ASUs issued were assessed and have already been adopted in a prior period or determined to be either not not

Note 3 - Redeemable Noncontro_2

Note 3 - Redeemable Noncontrolling Interest (Tables)	6 Months Ended
Note 3 - Redeemable Noncontrolling Interest (Tables)	Jun. 30, 2023
Notes Tables
Redeemable Noncontrolling Interest [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Balance at beginning of period $ 3,814 $ 71,511 $ 110,471 $ 58,050 Net income 222 816 1,670 3,672 Foreign currency translation (169 ) (3,228 ) (536 ) (4,109 ) Purchase of additional ownership interest - 86 (116,754 ) (375 ) Redemption value adjustment 1,821 13,645 10,837 25,592 Balance at end of period $ 5,688 $ 82,830 $ 5,688 $ 82,830

Note 4 - Derivative Instrumen_2

Note 4 - Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule Of Derivative Assets (Liabilities) at Fair Value [Table Text Block]	June 30, 2023 December 31, 2022 Commodity contracts $ 79 $ - Foreign currency contracts 130 94 Interest rate swaps 50,966 49,279

Note 5 - Fair Value Measureme_2

Note 5 - Fair Value Measurements (Tables)	6 Months Ended
Note 5 - Fair Value Measurements (Tables)	Jun. 30, 2023
Notes Tables
Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block]	Beginning balance, January 1, 2023 $ 81,533 Changes in fair value - Additional contingent consideration (1) 11,490 Payment of contingent consideration (2) (53,786 ) Present value interest accretion 342 Ending balance, June 30, 2023 $ 39,579

Note 6 - Accumulated Other Co_2

Note 6 - Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
Note 6 - Accumulated Other Comprehensive Loss (Tables)	Jun. 30, 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 – April 1, 2023 $ (74,298 ) $ 31,955 $ (42,343 ) Other comprehensive income (loss) 20,375 (1) 5,752 (2) 26,127 Ending Balance – June 30, 2023 $ (53,923 ) $ 37,707 $ (16,216 ) Foreign Currency Translation Adjustments Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – April 1, 2022 $ (63,079 ) $ 16,677 $ (46,402 ) Other comprehensive income (loss) (43,566 ) (3) 7,129 (4) (36,437 ) Ending Balance – June 30, 2022 $ (106,645 ) $ 23,806 $ (82,839 ) Foreign Currency Translation Adjustments Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – January 1, 2023 $ (101,545 ) $ 36,443 $ (65,102 ) Other comprehensive income (loss) 47,622 (1) 1,264 (5) 48,886 Ending Balance – June 30, 2023 $ (53,923 ) $ 37,707 $ (16,216 ) Foreign Currency Translation Adjustments Unrealized Gain (Loss) on Cash Flow Hedges Total Beginning Balance – January 1, 2022 $ (52,704 ) $ (2,051 ) $ (54,755 ) Other comprehensive income (loss) (53,941 ) (3) 25,857 (6) (28,084 ) Ending Balance – June 30, 2022 $ (106,645 ) $ 23,806 $ (82,839 )

Note 7 - Segment Reporting (Tab

Note 7 - Segment Reporting (Tables)	6 Months Ended
Note 7 - Segment Reporting (Tables)	Jun. 30, 2023
Notes Tables
Disaggregation of Revenue [Table Text Block]	Net Sales by Segment Three Months Ended June 30, 2023 Product Classes Domestic International Total Residential products $ 468,184 $ 30,403 $ 498,587 Commercial & industrial products 234,605 149,748 384,353 Other 101,750 15,730 117,480 Total net sales $ 804,539 $ 195,881 $ 1,000,420 Net Sales by Segment Three Months Ended June 30, 2022 Product Classes Domestic International Total Residential products $ 860,014 $ 35,999 $ 896,013 Commercial & industrial products 173,549 135,799 309,348 Other 73,868 12,162 86,030 Total net sales $ 1,107,431 $ 183,960 $ 1,291,391 Net Sales by Segment Six Months Ended June 30, 2023 Product Classes Domestic International Total Residential products $ 849,336 $ 68,114 $ 917,450 Commercial & industrial products 462,729 284,614 747,343 Other 196,862 26,675 223,537 Total net sales $ 1,508,927 $ 379,403 $ 1,888,330 Net Sales by Segment Six Months Ended June 30, 2022 Product Classes Domestic International Total Residential products $ 1,610,341 $ 62,616 $ 1,672,957 Commercial & industrial products 319,286 268,791 588,077 Other 142,478 23,735 166,213 Total net sales $ 2,072,105 $ 355,142 $ 2,427,247
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Three Months Ended June 30, 2023 Three Months Ended June 30, 2022 Domestic International Eliminations Total Domestic International Eliminations Total External net sales $ 804,539 $ 195,881 $ - $ 1,000,420 $ 1,107,431 $ 183,960 $ - $ 1,291,391 Intersegment sales 10,713 27,842 (38,555 ) - 18,987 19,334 (38,321 ) - Total sales $ 815,252 $ 223,723 $ (38,555 ) $ 1,000,420 $ 1,126,418 $ 203,294 $ (38,321 ) $ 1,291,391 Six Months Ended June 30, 2023 Six Months Ended June 30, 2022 Domestic International Eliminations Total Domestic International Eliminations Total External net sales $ 1,508,927 $ 379,403 $ - $ 1,888,330 $ 2,072,105 $ 355,142 $ - $ 2,427,247 Intersegment sales 26,320 60,784 (87,104 ) - 29,257 33,659 (62,916 ) - Total sales $ 1,535,247 $ 440,187 $ (87,104 ) $ 1,888,330 $ 2,101,362 $ 388,801 $ (62,916 ) $ 2,427,247
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Adjusted EBITDA Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Domestic $ 103,202 $ 241,928 $ 170,863 $ 412,349 International 33,343 29,534 65,757 55,526 Total adjusted EBITDA $ 136,545 $ 271,462 $ 236,620 $ 467,875 Interest expense (25,160 ) (10,235 ) (48,155 ) (19,789 ) Depreciation and amortization (41,247 ) (39,098 ) (81,198 ) (77,559 ) Non-cash write-down and other adjustments (1) 4,152 (4,607 ) 7,312 3,185 Non-cash share-based compensation expense (2) (10,045 ) (7,735 ) (20,379 ) (16,562 ) Loss on extinguishment of debt (3) - (3,743 ) - (3,743 ) Transaction costs and credit facility fees (4) (1,149 ) (1,592 ) (2,240 ) (2,581 ) Business optimization and other charges (5) (1,760 ) (1,590 ) (2,860 ) (2,749 ) Provision for regulatory charges (6) - - (5,800 ) - Other 86 601 132 890 Income before provision for income taxes $ 61,422 $ 203,463 $ 83,432 $ 348,967

Note 8 - Balance Sheet Details

Note 8 - Balance Sheet Details (Tables)	6 Months Ended
Note 8 - Balance Sheet Details (Tables)	Jun. 30, 2023
Notes Tables
Schedule of Inventory, Current [Table Text Block]	June 30, December 31, 2023 2022 Raw material $ 818,867 $ 798,340 Work-in-process 14,919 14,899 Finished goods 602,833 592,145 Total $ 1,436,619 $ 1,405,384
Property, Plant and Equipment [Table Text Block]	June 30, December 31, 2023 2022 Land and improvements $ 23,065 $ 22,589 Buildings and improvements 252,437 243,553 Machinery and equipment 256,375 229,593 Dies and tools 40,448 37,343 Vehicles 10,148 9,807 Office equipment and systems 164,114 148,166 Leasehold improvements 8,072 6,849 Construction in progress 64,885 52,522 Gross property and equipment 819,544 750,422 Accumulated depreciation (314,518 ) (282,818 ) Total $ 505,026 $ 467,604

Note 9 - Product Warranty Obl_2

Note 9 - Product Warranty Obligations (Tables)	6 Months Ended
Note 9 - Product Warranty Obligations (Tables)	Jun. 30, 2023
Notes Tables
Schedule of Product Warranty Liability [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Balance at beginning of period $ 128,599 $ 101,491 $ 138,011 $ 94,213 Payments (25,490 ) (18,434 ) (51,642 ) (31,458 ) Provision for warranty issued 17,352 21,668 33,217 43,093 Changes in estimates for pre-existing warranties 1,761 5,613 2,636 4,490 Balance at end of period $ 122,222 $ 110,338 $ 122,222 $ 110,338 Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Balance at beginning of period $ 136,685 $ 115,923 $ 132,813 $ 111,647 Deferred revenue contracts issued 10,433 11,332 20,159 20,878 Amortization of deferred revenue contracts (6,196 ) (5,357 ) (12,050 ) (10,627 ) Balance at end of period $ 140,922 $ 121,898 $ 140,922 $ 121,898
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]	Remainder of 202 3 $ 12,789 202 4 26,454 202 5 26,744 202 6 22,638 202 7 17,656 After 202 7 34,641 Total $ 140,922
Product Warranty Obligations Included In Consolidated Balance Sheet [Table Text Block]	June 30, December 31, 2023 2022 Product warranty liability Current portion - Accrued product warranty $ 74,025 $ 89,141 Long-term portion - other long-term liabilities 48,197 48,870 Total $ 122,222 $ 138,011 Deferred revenue related to extended warranties Current portion - other accrued liabilities $ 25,818 $ 30,291 Long-term portion - other long-term liabilities 115,104 102,522 Total $ 140,922 $ 132,813

Note 11 - Credit Agreements (Ta

Note 11 - Credit Agreements (Tables)	6 Months Ended
Note 11 - Credit Agreements (Tables)	Jun. 30, 2023
Notes Tables
Schedule of Long-Term Debt Instruments [Table Text Block]	June 30, December 31, 2023 2022 Tranche A Term Loan $ 750,000 $ 750,000 Tranche B Term Loan 530,000 530,000 Original issue discount and deferred financing costs (14,647 ) (16,568 ) Revolver 250,000 90,000 Finance lease obligation 29,770 27,420 Other 256 966 Total 1,545,379 1,381,818 Less: current portion of debt 18,767 10,083 Less: current portion of finance lease obligation 3,302 2,650 Total $ 1,523,310 $ 1,369,085
Schedule of Maturities of Long-Term Debt [Table Text Block]	Tranche A Term Loan Tranche B Term Loan Revolver Total 2023 $ 9,375 $ - $ - $ 9,375 2024 28,125 - - 28,125 2025 46,875 - - 46,875 2026 65,625 530,000 - 595,625 2027 600,000 - 250,000 850,000 Total $ 750,000 $ 530,000 $ 250,000 $ 1,530,000

Note 13 - Earnings Per Share (T

Note 13 - Earnings Per Share (Tables)	6 Months Ended
Note 13 - Earnings Per Share (Tables)	Jun. 30, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Numerator Net income attributable to Generac Holdings Inc. $ 45,198 $ 156,359 $ 57,628 $ 270,217 Redeemable noncontrolling interest redemption value adjustment (1,821 ) (13,645 ) (10,837 ) (25,592 ) Net income attributable to common shareholders $ 43,377 $ 142,714 $ 46,791 $ 244,625 Denominator Weighted average shares, basic 61,721,614 63,662,510 61,645,341 63,607,711 Dilutive effect of stock compensation awards (1) 626,570 1,040,295 784,570 1,180,348 Dilutive effect of contingently issued shares - 10,943 - 10,943 Diluted shares 62,348,184 64,713,748 62,429,911 64,799,002 Net income attributable to common shareholders per share Basic $ 0.70 $ 2.24 $ 0.76 $ 3.85 Diluted $ 0.70 $ 2.21 $ 0.75 $ 3.78

Note 2 - Acquisitions (Details

Note 2 - Acquisitions (Details Textual) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Payments to Acquire Businesses, Net of Cash Acquired	$ 16,188	$ 11,421
EEC and Blue Pillar [Member]
Payments to Acquire Businesses, Net of Cash Acquired	$ 27,456		$ 25,654

Note 3 - Redeemable Noncontro_3

Note 3 - Redeemable Noncontrolling Interest (Details Textual) - USD ($) $ in Thousands			1 Months Ended			6 Months Ended
	Mar. 08, 2023	Feb. 01, 2019	May 31, 2022	Mar. 31, 2022	May 31, 2021	Jun. 30, 2023	Jun. 30, 2022	Mar. 01, 2016
Payments for Repurchase of Redeemable Noncontrolling Interest						$ 104,844	$ 375
Pramac [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners					20%			35%
Captiva Energy Solutions [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners		49%
Pramac [Member]
Business Acquisition, Percentage of Voting Interests Acquired					15%			65%
Redeemable Noncontrolling Interest, Equity, Fair Value, Total								$ 34,253
Payments for Repurchase of Redeemable Noncontrolling Interest	$ 116,754				$ 27,164
Business Combination, Step Acquisition, Equity Interest in Acquiree, including Subsequent Acquisition, Percentage, Total	100%				80%
Business Combination, Consideration Transferred	$ 105,264
Payments to Acquire Businesses, Gross	104,844
Gain (Loss), Foreign Currency Transaction, before Tax	420
Business Combination, Consideration Transferred, Liabilities Incurred	$ 11,490
Pramac [Member] \| Restricted Shares for Contingent Consideration [Member
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares)	135,205
Captiva Energy Solutions [Member]
Business Acquisition, Percentage of Voting Interests Acquired		51%		15%
Redeemable Noncontrolling Interest, Equity, Fair Value, Total		$ 3,165
Payments for Repurchase of Redeemable Noncontrolling Interest				$ 461
Business Combination, Step Acquisition, Equity Interest in Acquiree, including Subsequent Acquisition, Percentage, Total				66%
Business Acquisition, Noncontrolling Interest, Term of Put Option (Year)		5 years
Captiva Energy Solutions [Member] \| Amendment to Purchase Agreement [Member]
Payments for Repurchase of Redeemable Noncontrolling Interest			$ 375

Note 3 - Redeemable Noncontro_4

Note 3 - Redeemable Noncontrolling Interest - Redeemable Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Redemption value adjustment	$ (1,821)	$ (13,645)	$ (10,837)	$ (25,592)
Redeemable Noncontrolling Interest [Member]
Balance	3,814	71,511	110,471	58,050
Net income	222	816	1,670	3,672
Foreign currency translation	(169)	(3,228)	(536)	(4,109)
Purchase of additional ownership interest	0	86	(116,754)	(375)
Redemption value adjustment	1,821	13,645	10,837	25,592
Balance	$ 5,688	$ 82,830	$ 5,688	$ 82,830

Note 4 - Derivative Instrumen_3

Note 4 - Derivative Instruments and Hedging Activities (Details Textual) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2020	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2017	Dec. 31, 2022 USD ($)	Dec. 31, 2021
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax		$ 5,752	$ 7,129	$ 1,264	$ 25,857
Derivative Assets (Liabilities), Net Fair Value of Derivative Contracts, Excluding Impact of Credit Risk		52,998		52,998			$ 51,184
Commodity Contract [Member]
Derivative, Number of Instruments Held, Total								0
Interest Rate Swap [Member]
Number of New Contracts Entered	3					20
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax		$ 5,752	$ 7,129	$ 1,264	$ 25,857

Note 4 - Derivative Instrumen_4

Note 4 - Derivative Instruments and Hedging Activities - Fair Value of Derivatives (Details) - Fair Value, Inputs, Level 2 [Member] - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Commodity contracts	$ 79	$ 0
Foreign Exchange Contract [Member]
Commodity contracts	130	94
Interest Rate Swap [Member]
Commodity contracts	$ 50,966	$ 49,279

Note 5 - Fair Value Measureme_3

Note 5 - Fair Value Measurements (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 08, 2023	Dec. 31, 2022
Long-Term Debt	$ 1,530,000
Payment for Contingent Consideration Liability, Financing Activities	4,979	$ 0
Pramac [Member]
Business Combination, Contingent Consideration, Liability			$ 11,490
ecobee Inc. [Member]
Payment for Contingent Consideration Liability, Financing Activities	479
Contingent Consideration, Share Payments, Value	44,521
Acquisition of Chilicon [Member]
Contingent Consideration, Share Payments, Value	4,286
Mean Green [Member]
Payment for Contingent Consideration Liability, Financing Activities	4,500
Other Long-term Liabilities [Member]
Business Combination, Contingent Consideration, Liability	39,579			$ 32,033
Other Accrued Liabilities [Member]
Business Combination, Contingent Consideration, Liability				$ 49,500
Fair Value, Inputs, Level 2 [Member]
Debt Instrument, Fair Value Disclosure	528,013
Term Loan [Member]
Long-Term Debt	$ 524,114

Note 5 - Fair Value Measureme_4

Note 5 - Fair Value Measurements - Reconciliation of Contingent Consideration (Details) - Contingent Consideration Liability [Member] $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Beginning balance, January 1, 2023	$ 81,533
Changes in fair value	0
Additional contingent consideration (1)	11,490	[1]
Payment of contingent consideration (2)	(53,786)	[2]
Present value interest accretion	342
Ending balance, June 30, 2023	$ 39,579

[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 condensed consolidated statement of cash flows.

Note 6 - Accumulated Other Co_3

Note 6 - Accumulated Other Comprehensive Loss (Details Textual) - Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Other Comprehensive Income (Loss), before Reclassifications, before Tax	$ 7,674	$ 9,537	$ 1,687	$ 34,591
Other Comprehensive Income (Loss) before Reclassifications, Tax	$ 1,922	$ 2,408	$ 423	$ 8,734

Note 6 - Accumulated Other Co_4

Note 6 - Accumulated Other Comprehensive Loss - Disclosure of Changes in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2023		Jun. 30, 2022		Jun. 30, 2023		Jun. 30, 2022
Balance	$ 2,341,379		$ 2,308,612		$ 2,259,255		$ 2,214,087
Balance	2,421,756		2,419,762		2,421,756		2,419,762
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	(74,298)		(63,079)		(101,545)		(52,704)
Other comprehensive income (loss)	20,375	[1]	(43,566)	[2]	47,622	[3]	(53,941)	[4]
Balance	(53,923)		(106,645)		(53,923)		(106,645)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance	31,955		16,677		36,443		(2,051)
Other comprehensive income (loss)	5,752	[5]	7,129	[6]	1,264	[3]	25,857	[4]
Balance	37,707		23,806		37,707		23,806
AOCI Attributable to Parent [Member]
Balance	(42,343)		(46,402)		(65,102)		(54,755)
Other comprehensive income (loss)	26,127		(36,437)		48,886	[3]	(28,084)	[4]
Balance	$ (16,216)		$ (82,839)		$ (16,216)		$ (82,839)

[1]Represents favorable impact from the weakening of the U.S. dollar against foreign currencies during the three and six months ended June 30, 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 three and six months ended June 30, 2022, particularly the Euro and British Pound.[3]Represents unrealized gains of $1,687 on the interest rate swaps, net of tax effect of $(423) for the six months ended June 30, 2023.[4]Represents unrealized gains of $34,591 on the interest rate swaps, net of tax effect of $(8,734) for the six months ended June 30, 2022.[5]Represents unrealized gains of $7,674 on the interest rate swaps, net of tax effect of $(1,922) for the three months ended June 30, 2023.[6]Represents unrealized gains of $9,537 on the interest rate swaps, net of tax effect of $(2,408) for the three months ended June 30, 2022.

Note 7 - Segment Reporting (Det

Note 7 - Segment Reporting (Details Textual)	3 Months Ended		6 Months Ended		12 Months Ended
Note 7 - Segment Reporting (Details Textual)	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Number of Reportable Segments			2
Geographic Concentration Risk [Member] \| Revenue Benchmark [Member] \| UNITED STATES
Concentration Risk, Percentage	75%	82%	75%	82%
Geographic Concentration Risk [Member] \| Net Assets, Geographic Area [Member] \| UNITED STATES
Concentration Risk, Percentage			75%		77%

Note 7 - Segment Reporting - Ne

Note 7 - Segment Reporting - Net Sales by Products and Services (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net sales	$ 1,000,420	$ 1,291,391	$ 1,888,330	$ 2,427,247
Residential Power Products [Member]
Net sales	498,587	896,013	917,450	1,672,957
Commercial and Industrial Power Products [Member]
Net sales	384,353	309,348	747,343	588,077
Other Products and Services [Member]
Net sales	117,480	86,030	223,537	166,213
Domestic [Member]
Net sales	804,539	1,107,431	1,508,927	2,072,105
Domestic [Member] \| Residential Power Products [Member]
Net sales	468,184	860,014	849,336	1,610,341
Domestic [Member] \| Commercial and Industrial Power Products [Member]
Net sales	234,605	173,549	462,729	319,286
Domestic [Member] \| Other Products and Services [Member]
Net sales	101,750	73,868	196,862	142,478
International [Member]
Net sales	195,881	183,960	379,403	355,142
International [Member] \| Residential Power Products [Member]
Net sales	30,403	35,999	68,114	62,616
International [Member] \| Commercial and Industrial Power Products [Member]
Net sales	149,748	135,799	284,614	268,791
International [Member] \| Other Products and Services [Member]
Net sales	$ 15,730	$ 12,162	$ 26,675	$ 23,735

Note 7 - Segment Reporting - To

Note 7 - Segment Reporting - Total Sales by Reportable Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Total sales	$ 1,000,420	$ 1,291,391	$ 1,888,330	$ 2,427,247
External Net Sales [Member]
Total sales	1,000,420	1,291,391	1,888,330	2,427,247
Intersegment Sales [Member]
Total sales	0	0	0	0
Intersegment Eliminations [Member]
Total sales	(38,555)	(38,321)	(87,104)	(62,916)
Intersegment Eliminations [Member] \| External Net Sales [Member]
Total sales	0	0	0	0
Intersegment Eliminations [Member] \| Intersegment Sales [Member]
Total sales	(38,555)	(38,321)	(87,104)	(62,916)
Domestic [Member]
Total sales	804,539	1,107,431	1,508,927	2,072,105
Domestic [Member] \| Operating Segments [Member]
Total sales	815,252	1,126,418	1,535,247	2,101,362
Domestic [Member] \| Operating Segments [Member] \| External Net Sales [Member]
Total sales	804,539	1,107,431	1,508,927	2,072,105
Domestic [Member] \| Operating Segments [Member] \| Intersegment Sales [Member]
Total sales	10,713	18,987	26,320	29,257
International [Member]
Total sales	195,881	183,960	379,403	355,142
International [Member] \| Operating Segments [Member]
Total sales	223,723	203,294	440,187	388,801
International [Member] \| Operating Segments [Member] \| External Net Sales [Member]
Total sales	195,881	183,960	379,403	355,142
International [Member] \| Operating Segments [Member] \| Intersegment Sales [Member]
Total sales	$ 27,842	$ 19,334	$ 60,784	$ 33,659

Note 7 - Segment Reporting - Se

Note 7 - Segment Reporting - Segment Information (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Total adjusted EBITDA		$ 136,545	$ 271,462	$ 236,620	$ 467,875
Interest expense		(25,160)	(10,235)	(48,155)	(19,789)
Depreciation and amortization		(41,247)	(39,098)	(81,198)	(77,559)
Non-cash write-down and other adjustments (1)	[1]	4,152	(4,607)	7,312	3,185
Non-cash share-based compensation expense (2)	[2]	(10,045)	(7,735)	(20,379)	(16,562)
Loss on extinguishment of debt	[3]	0	(3,743)	0	(3,743)
Transaction costs and credit facility fees (4)	[3]	(1,149)	(1,592)	(2,240)	(2,581)
Business optimization and other charges (5)	[4]	(1,760)	(1,590)	(2,860)	(2,749)
Provision for regulatory charges (6)	[5],[6]	0	0	(5,800)	0
Other		86	601	132	890
Income before provision for income taxes		61,422	203,463	83,432	348,967
Domestic [Member]
Total adjusted EBITDA		103,202	241,928	170,863	412,349
International [Member]
Total adjusted EBITDA		$ 33,343	$ 29,534	$ 65,757	$ 55,526

[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 write-off of original issue discount and capitalized debt issuance costs due to voluntary debt prepayment.[4]Represents transaction costs incurred directly in connection with any investment, as defined in our credit agreement, equity issuance or debt issuance or refinancing, together with certain fees relating to our senior secured credit facilities.[5]Represents severance and other restructuring charges.[6]The amount recorded in the first quarter of 2023 represents a provision of $5,800 for a matter with the Consumer Product Safety Commission (CPSC) concerning the imposition of penalty fines for allegedly failing to timely submit a report under the Consumer Product Safety Act (CPSA) in relation to certain portable generators that were subject to a voluntary recall previously announced on July 29, 2021. On May 25, 2023, the Company and the CPSC entered into a final mutual settlement agreement resolving this matter.

Note 8 - Balance Sheet Detail_2

Note 8 - Balance Sheet Details (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	$ 26,993	$ 24,719

Note 8 - Balance Sheet Detail_3

Note 8 - Balance Sheet Details - Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Raw material	$ 818,867	$ 798,340
Work-in-process	14,919	14,899
Finished goods	602,833	592,145
Total	$ 1,436,619	$ 1,405,384

Note 8 - Balance Sheet Detail_4

Note 8 - Balance Sheet Details - Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Property and equipment, gross	$ 819,544	$ 750,422
Accumulated depreciation	(314,518)	(282,818)
Total	505,026	467,604
Land and Land Improvements [Member]
Property and equipment, gross	23,065	22,589
Building and Building Improvements [Member]
Property and equipment, gross	252,437	243,553
Machinery and Equipment [Member]
Property and equipment, gross	256,375	229,593
Dies and Tools [Member]
Property and equipment, gross	40,448	37,343
Vehicles [Member]
Property and equipment, gross	10,148	9,807
Office Equipment [Member]
Property and equipment, gross	164,114	148,166
Leasehold Improvements [Member]
Property and equipment, gross	8,072	6,849
Construction in Progress [Member]
Property and equipment, gross	$ 64,885	$ 52,522

Note 9 - Product Warranty Obl_3

Note 9 - Product Warranty Obligations (Details Textual)	6 Months Ended
Note 9 - Product Warranty Obligations (Details Textual)	Jun. 30, 2023
Minimum [Member]
Extended Warranty Term (Year)	5 years
Maximum [Member]
Extended Warranty Term (Year)	10 years

Note 9 - Product Warranty Obl_4

Note 9 - Product Warranty Obligations - Reconciliation of Product Warranty Liability (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Balance at beginning of period		$ 128,599	$ 101,491	$ 138,011	$ 94,213
Payments		(25,490)	(18,434)	(51,642)	(31,458)
Provision for warranty issued		17,352	21,668	33,217	43,093
Changes in estimates for pre-existing warranties	[1]	1,761	5,613	2,636	4,490
Balance at end of period		122,222	110,338	122,222	110,338
Balance at beginning of period		136,685	115,923	132,813	111,647
Deferred revenue contracts issued		10,433	11,332	20,159	20,878
Amortization of deferred revenue contracts		(6,196)	(5,357)	(12,050)	(10,627)
Balance at end of period		$ 140,922	$ 121,898	$ 140,922	$ 121,898

[1]Includes a specific warranty provision recorded during the third quarter of 2022 in the amount of $37,338 to address certain clean energy product warranty-related matters.

Note 9 - Product Warranty Obl_5

Note 9 - Product Warranty Obligations - Recognition of Deferred Revenue Related to Extended Warranties (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Revenue performance obligation	$ 140,922

Note 9 - Product Warranty Obl_6

Note 9 - Product Warranty Obligations - Recognition of Deferred Revenue Related to Extended Warranties 2 (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Revenue performance obligation	$ 140,922
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue performance obligation	12,789
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue performance obligation	26,454
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue performance obligation	26,744
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue performance obligation	22,638
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue performance obligation	17,656
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01
Revenue performance obligation	$ 34,641

Note 9 - Product Warranty Obl_7

Note 9 - Product Warranty Obligations - Recognition of Deferred Revenue Related to Extended Warranties (Details) (Parentheticals)	Jun. 30, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-07-01
Revenue performance period (Year)	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue performance period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Revenue performance period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Revenue performance period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01
Revenue performance period (Year)	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01
Revenue performance period (Year)	1 year

Note 9 - Product Warranty Obl_8

Note 9 - Product Warranty Obligations - Deferred Product Obligations (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021
Current portion - Accrued product warranty	$ 74,025		$ 89,141
Long-term portion - other long-term liabilities	48,197		48,870
Total	122,222	$ 128,599	138,011	$ 110,338	$ 101,491	$ 94,213
Current portion - other accrued liabilities	25,818		30,291
Long-term portion - other long-term liabilities	115,104		102,522
Total	$ 140,922	$ 136,685	$ 132,813	$ 121,898	$ 115,923	$ 111,647

Note 10 - Contract Balances (De

Note 10 - Contract Balances (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Contract with Customer, Liability	$ 24,096	$ 33,551
Contract with Customer, Liability, Revenue Recognized	$ 15,529

Note 11 - Credit Agreements (De

Note 11 - Credit Agreements (Details Textual) - USD ($) $ in Thousands				1 Months Ended	3 Months Ended		6 Months Ended		9 Months Ended
		Jan. 01, 2023	May 31, 2013	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Short-Term Debt					$ 77,889		$ 77,889			$ 48,990
Gain (Loss) on Extinguishment of Debt, Total	[1]				0	$ (3,743)	$ 0	$ (3,743)
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity				$ 1,250,000		1,250,000		1,250,000
Covenant Maximum Total Leverage Ratio							3.75
Covenant Minimum Interest Coverage Ratio							3
Total Leverage Ratio							2.66
Interest Coverage Ratio							7
Debt Issuance Costs, Net, Total				10,330		10,330		10,330
Debt Instrument, Fee Amount				800		800		800
Long-Term Line of Credit					250,000		$ 250,000
Line of Credit Facility, Remaining Borrowing Capacity					$ 999,945		$ 999,945
ABL Revolving Credit Facility [Member]
Write off of Deferred Debt Issuance Cost				197
Tranche B Term Loan Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity			$ 1,200,000
Uncommitted Incremental Term Loan Facility											$ 300,000
Debt Instrument, SOFR Floor					0%		0%
Debt Instrument, Interest Rate, Effective Percentage					7.01%		7.01%
Repayments of Long-Term Debt, Total				250,000
Gain (Loss) on Extinguishment of Debt, Total						3,546
Tranche B Term Loan Facility [Member] \| Maximum [Member]
Threshold for Secured Leverage Ratio Excess Cash Flow Payment Requirement							3.75
Secured Leverage Ratio							2.52
Tranche B Term Loan Facility [Member] \| Base Rate [Member]
Debt Instrument, Basis Spread on Variable Rate			1.75%				0.75%
Tranche B Term Loan Facility [Member] \| Adjusted LIBOR Rate [Member]
Debt Instrument, Basis Spread on Variable Rate			2.75%
Tranche B Term Loan Facility [Member] \| LIBOR Floor Rate [Member]
Debt Instrument, Basis Spread on Variable Rate			0.75%
Tranche B Term Loan Facility [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate									1.75%
Tranche A Term Loan Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity				$ 750,000		$ 750,000		$ 750,000
Tranche A Term Loan Facility and Revolving Credit Facility [Member]
Debt Instrument, SOFR Floor		0%			0%		0%
Debt Instrument, Interest Rate, Effective Percentage					6.49%		6.49%
Long-Term Debt, Maturity Date				Jun. 29, 2027		Jun. 29, 2027		Jun. 29, 2027
Tranche A Term Loan Facility and Revolving Credit Facility [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument, Basis Spread on Variable Rate							1.50%
Tranche A Term Loan Facility and Revolving Credit Facility [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] \| Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate		1.75%
Tranche A Term Loan Facility and Revolving Credit Facility [Member] \| Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] \| Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate		1.25%

[1]Represents the write-off of original issue discount and capitalized debt issuance costs due to voluntary debt prepayment.

Note 11 - Credit Agreements - L

Note 11 - Credit Agreements - Long-term Borrowings (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Original issue discount and deferred financing costs	$ (14,647)	$ (16,568)
Finance lease obligation	29,770	27,420
Other	256	966
Total	1,545,379	1,381,818
Less: current portion of debt	18,767	10,083
Less: current portion of finance lease obligation	(3,302)	(2,650)
Total	1,523,310	1,369,085
Revolving Credit Facility [Member]
Revolver	250,000	90,000
Tranche A Term Loan Facility [Member]
Term Loan	750,000	750,000
Tranche B Term Loan Facility [Member]
Term Loan	$ 530,000	$ 530,000

Note 11 - Credit Agreements - M

Note 11 - Credit Agreements - Maturities of Long-term Borrowings Outstanding (Details) $ in Thousands	Jun. 30, 2023 USD ($)
2023	$ 9,375
2024	28,125
2025	46,875
2026	595,625
2027	850,000
Total	1,530,000
Tranche A Term Loan Facility [Member]
2023	9,375
2024	28,125
2025	46,875
2026	65,625
2027	600,000
Total	750,000
Tranche B Term Loan Facility [Member]
2023	0
2024	0
2025	0
2026	530,000
2027	0
Total	530,000
ABL Revolving Credit Facility [Member]
2023	0
2024	0
2025	0
2026	0
2027	250,000
Total	$ 250,000

Note 12 - Stock Repurchase Pr_2

Note 12 - Stock Repurchase Program (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended		3 Months Ended		6 Months Ended		95 Months Ended
	Aug. 31, 2022	Sep. 30, 2020	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Aug. 05, 2022
Stock Repurchase Program, Authorized Amount		$ 250,000						$ 500,000
Stock Repurchase Program, Period in Force (Month)	24 years	24 months
Treasury Stock, Common [Member]
Shares Acquired Under Stock Repurchases Program, Shares (in shares)			0	0	0	0	11,748,713
Payments for Repurchase of Common Stock							$ 777,379
Shares Acquired, Average Cost Per Share (in dollars per share)							$ 66.17

Note 13 - Earnings Per Share (D

Note 13 - Earnings Per Share (Details Textual) - shares	3 Months Ended		6 Months Ended
Note 13 - Earnings Per Share (Details Textual) - shares	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	393,000	79,000	360,000	33,000

Note 13 - Earnings Per Share -

Note 13 - Earnings Per Share - Reconciliation of Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Net income attributable to Generac Holdings Inc.		$ 45,198	$ 156,359	$ 57,628	$ 270,217
Redeemable noncontrolling interest redemption value adjustment		(1,821)	(13,645)	(10,837)	(25,592)
Net income attributable to common shareholders		$ 43,377	$ 142,714	$ 46,791	$ 244,625
Weighted average shares, basic (in shares)		61,721,614	63,662,510	61,645,341	63,607,711
Dilutive effect of stock compensation awards (in shares)	[1]	626,570	1,040,295	784,570	1,180,348
Dilutive effect of contingently issued shares (in shares)		0	10,943	0	10,943
Diluted shares (in shares)		62,348,184	64,713,748	62,429,911	64,799,002
Net income attributable to Generac Holdings Inc. per common share - basic: (in dollars per share)		$ 0.70	$ 2.24	$ 0.76	$ 3.85
Net income attributable to Generac Holdings Inc. per common share - diluted: (in dollars per share)		$ 0.70	$ 2.21	$ 0.75	$ 3.78

[1]Excludes approximately 393,000 and 360,000 stock options and restricted stock awards for the three and six months ended June 30, 2023, respectively, because they would be anti-dilutive. Excludes approximately 79,000 and 33,000 stock options and restricted stock awards for the three and six months ended June 30, 2022, respectively, because they would be anti-dilutive.

Note 14 - Income Taxes (Details

Note 14 - Income Taxes (Details Textual)	6 Months Ended
Note 14 - Income Taxes (Details Textual)	Jun. 30, 2023	Jun. 30, 2022
Effective Income Tax Rate Reconciliation, Percent	28.50%	21.30%

Note 15 - Commitments and Con_2

Note 15 - Commitments and Contingencies (Details Textual) - USD ($)	Jun. 23, 2023	May 03, 2023	Aug. 01, 2022	Jun. 30, 2023	Dec. 31, 2022	Oct. 07, 2022
Amount Financed by Dealers				$ 166,900	$ 212,200
Power Home Solar, LLC [Member] \| Collectibility of Receivables [Member]
Accounts Receivable, before Allowance for Credit Loss						$ 17,700
Consumer Product Safety Commission [Member]
Settlement Agreement, Civil Fine Payments		$ 15,800
Power Home Solar, LLC Against Generac Power Systems, Inc. [Member] \| Minimum [Member]
Loss Contingency, Damages Sought, Value			$ 25,000
Case Nos. 21-cv-00428-ADA and 20-cv-00078-ADA [Member]
Litigation Settlement, Amount Awarded to Other Party	$ 5,400,000