Note 8 - Balance Sheet Details

6 Months Ended

Jun. 30, 2026

Supplemental Balance Sheet Disclosures [Text Block]

8. Balance Sheet Details

Inventories consist of the following:

	*June 30,*		*December 31,*
	*2026*		*2025*
Raw material	$	663,614	$	705,610
Work-in-process		12,471		12,592
Finished goods		562,786		530,665
Total	$	1,238,871	$	1,248,867

Property and equipment consists of the following:

	*June 30,*			*December 31,*
	*2026*			*2025*
Land and improvements	$	38,149		$	31,937
Buildings and improvements		485,033			444,171
Machinery and equipment		402,737			374,791
Dies and tools		67,248			63,666
Vehicles		20,674			19,743
Office & information technology equipment and internal use software		279,936			252,425
Leasehold improvements		10,094			10,670
Construction in progress		75,425			86,116
Gross property and equipment		1,379,296			1,283,519
Accumulated depreciation		(516,718	)		(469,914	)
Total	$	862,578		$	813,605

Total property and equipment includes finance leases of $81,961 and $83,963 as of June 30, 2026, and December 31, 2025, respectively, primarily consisting of buildings and improvements. Amortization of finance lease right of use assets is recorded within depreciation expense in the condensed consolidated statements of comprehensive income. The initial measurement of new finance lease right of use assets is accounted for as a non-cash item in the condensed consolidated statements of cash flows.

Other accrued liabilities consist of the following:

	*June 30,*		*December 31,*
	*2026*		*2025*
Accrued selling expenses	$	93,593	$	118,962
Current contract liabilities		181,721		153,745
Accrued legal & professional fees (1)		38,210		248,445
Current operating lease liabilities		11,328		15,731
Accrued contingent consideration		105,858		11,175
Accrued other		17,060		43,329
Total	$	447,770	$	591,387

(1) The decrease primarily relates to a $206,500 payment made by the Company and its insurance carriers to satisfy a legal obligation. Refer to Zawaski, et. al. v. Generac Power Systems, Inc., et. al. in Note 16 “Commitments and Contingencies,” for more information.