Numerator

Net income attributable to Generac Holdings Inc.

$

74,016

$

59,115

$

117,856

$

85,347

Redemption value adjustment

-

(2,686

)

Net income attributable to common shareholders

$

74,016

$

59,115

$

117,856

$

82,661

Denominator

Weighted average shares, basic

58,496,998

59,880,336

58,771,818

59,854,131

Dilutive effect of stock compensation awards (1)

520,825

761,404

614,089

705,773

Diluted shares

59,017,823

60,641,740

59,385,907

60,559,904

Net income attributable to common shareholders per share

Basic

$

1.27

$

0.99

$

2.01

$

1.38

Diluted

$

1.25

$

0.97

$

1.98

$

1.36