v3.26.1
Note 7 - Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Notes Tables  
Disaggregation of Revenue [Table Text Block]
  

Total Sales by Reportable Segment

 
  

Three Months Ended June 30, 2026

  

Three Months Ended June 30, 2025

 
  External Net Sales  Intersegment Sales  

Total Sales

  External Net Sales  Intersegment Sales  

Total Sales

 

Residential

 $617,022  $4,241  $621,263  $630,594  $4,124  $634,718 

Commercial & Industrial

  556,488   2   556,490   430,575   -   430,575 

Intercompany eliminations

  -   (4,243)  (4,243)  -   (4,124)  (4,124)

Total net sales

 $1,173,510  $-  $1,173,510  $1,061,169  $-  $1,061,169 
  

Total Sales by Reportable Segment

 
  

Six Months Ended June 30, 2026

  

Six Months Ended June 30, 2025

 
  

External Net Sales

  

Intersegment Sales

  

Total Sales

  

External Net Sales

  

Intersegment Sales

  

Total Sales

 

Residential

 $1,166,338  $7,108  $1,173,446  $1,173,709  $9,672  $1,183,381 

Commercial & Industrial

  1,066,537   51   1,066,588   829,581   -   829,581 

Intercompany eliminations

  -   (7,159)  (7,159)  -   (9,672)  (9,672)

Total net sales

 $2,232,875  $-  $2,232,875  $2,003,290  $-  $2,003,290 
Segment Reporting, Reconciliation of Profit (Loss) by Segment to Consolidated [Table Text Block]
  

Three Months Ended June 30, 2026

  

Three Months Ended June 30, 2025

 
  

Residential

  

Commercial & Industrial

  

Corporate & Eliminations (*)

  

Total

  

Residential

  

Commercial & Industrial

  

Corporate & Eliminations (*)

  

Total

 

External net sales

 $617,022  $556,488  $-  $1,173,510  $630,594  $430,575  $-  $1,061,169 

Intersegment sales

  4,241   2   -   4,243   4,124   -   -   4,124 

Total sales

  621,263   556,490   -   1,177,753   634,718   430,575   -   1,065,293 

Elimination of intersegment sales

          (4,243)  (4,243)          (4,124)  (4,124)

Costs of goods sold

  259,692   396,250   -   655,942   335,113   313,431   -   648,544 

Elimination of intersegment cost of goods sold

          (4,243)  (4,243)          (4,124)  (4,124)

Operating expenses

  187,926   114,870   8,582   311,378   197,990   89,226   17,744   304,960 

Other segment items (1)

  (41,744)  (36,114)  (2,433)  (80,291)  (44,809)  (25,424)  (5,607)  (75,840)

Adjusted EBITDA by reportable segment

 $215,389  $81,484  $(6,149) $290,724  $146,424  $53,342  $(12,137) $187,629 

Interest expense

              (16,787)              (18,242)

Depreciation and amortization

              (58,410)              (48,321)

Non-cash write-down and other adjustments (2)

              (2,515)              (2,155)

Non-cash share-based compensation expense (3)

              (14,005)              (14,752)

Transaction costs and credit facility fees (4)

              (1,115)              (1,004)

Business optimization and other charges (5)

              (2,351)              (3,442)

Provision for legal, regulatory, and other costs (6)

              951               (4,911)

Change in fair value of investment (7)

              5,916               (1,524)

Other (8)

              (12,702)              (3,426)

Income before provision for income taxes

             $189,706              $89,852 
  

Six Months Ended June 30, 2026

  

Six Months Ended June 30, 2025

 
  

Residential

  

Commercial & Industrial

  

Corporate & Eliminations (*)

  

Total

  

Residential

  

Commercial & Industrial

  

Corporate & Eliminations (*)

  

Total

 

External net sales

 $1,166,338  $1,066,537  $-  $2,232,875  $1,173,709  $829,581  $-  $2,003,290 

Intersegment sales

  7,108   51   -   7,159   9,672   -   -   9,672 

Total sales

  1,173,446   1,066,588   -   2,240,034   1,183,381   829,581   -   2,012,962 

Elimination of intersegment sales

          (7,159)  (7,159)          (9,672)  (9,672)

Costs of goods sold

  540,647   767,340   -   1,307,987   625,015   599,212   -   1,224,227 

Elimination of intersegment cost of goods sold

          (7,159)  (7,159)          (9,672)  (9,672)

Operating expenses

  364,543   217,351   22,429   604,323   383,218   179,599   30,491   593,308 

Other segment items (1)

  (85,718)  (66,119)  (4,644)  (156,481)  (82,865)  (47,918)  (10,965)  (141,748)

Adjusted EBITDA by reportable segment

 $353,974  $148,016  $(17,785) $484,205  $258,013  $98,688  $(19,526) $337,175 

Interest expense

              (32,163)              (35,352)

Depreciation and amortization

              (114,384)              (94,462)

Non-cash write-down and other adjustments (2)

              (1,072)              (2,142)

Non-cash share-based compensation expense (3)

              (27,447)              (26,360)

Transaction costs and credit facility fees (4)

              (3,825)              (1,764)

Business optimization and other charges (5)

              (3,504)              (5,017)

Provision for legal, regulatory, and other costs (6)

              (2,255)              (8,662)

Change in fair value of investment (7)

              4,542               (11,471)

Other (8)

              (17,632)              (3,579)

Income before provision for income taxes

             $286,465              $148,366 
Segment Reporting, Reconciliation of Provision for Legal, Regulatory and Product Charges [Table Text Block]
  

Three Months Ended June 30,

  Six Months Ended June 30, 
  

2026

  

2025

  2026  2025 

Legal expenses, judgements and settlements related to certain patent lawsuits

 $(3,485) $1,696  $(1,038) $3,188 
Legal expenses, judgements and settlements related to certain class action lawsuits  1,262   2,540   2,288   3,883 
Legal expenses related to certain government inquiries and other significant matters  1,272   675   2,134   1,591 
Release of warranty provision recorded in 2022 to address clean energy warranty-related matters  -   -   (1,129)  - 

Total provision for legal, regulatory and other matters

 $(951) $4,911  $2,255  $8,662 
Segment Reporting [Table Text Block]
  

Assets by Reportable Segment

 
  

June 30, 2026

  

December 31, 2025

 

Residential

 $2,905,028  $3,144,332 

Commercial & Industrial

  2,808,887   2,367,764 

Corporate

  58,236   61,583 

Total

 $5,772,151  $5,573,679 
  

Depreciation and Amortization by Reportable Segment

 
  

Three Months Ended June 30,

  

Six Months Ended June 30,

 
  

2026

  

2025

  

2026

  

2025

 

Residential

 $31,131  $29,264  $63,347  $58,149 

Commercial & Industrial

  26,891   18,616   50,378   35,609 

Corporate

  388   441   659   704 

Total

 $58,410  $48,321  $114,384  $94,462 
  

Capital Expenditures by Reportable Segment

 
  

Three Months Ended June 30,

  

Six Months Ended June 30,

 
  

2026

  

2025

  

2026

  

2025

 

Residential

 $10,438  $27,404  $23,249  $43,531 

Commercial & Industrial

  46,412   28,992   61,870   42,080 

Corporate

  1,440   1,320   2,568   3,042 

Total

 $58,290  $57,716  $87,687  $88,653