XML 29 R16.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Discontinued Operations
 6 Months Ended
Jun. 30, 2011
Discontinued Operations [Abstract]  
Discontinued Operations
11 — Discontinued Operations
On September 9, 2010, the Company sold the assets of its John Deere construction equipment business, including its Rush Equipment Centers in Houston and Beaumont, Texas, to Doggett Heavy Machinery Services, LLC. The results of operations of the construction equipment business have been classified as discontinued operations in the Company’s consolidated statements of income, and excluded from business segment information.
Net sales and earnings before income taxes related to the discontinued business were as follows (in thousands):
                                 
    Three months ended     Six months ended  
    June 30,     June 30,  
    2011     2010     2011     2010  
 
                               
Net Sales
  $ —     $ 9,102     $ —     $ 18,210  
 
                       
 
                               
Earnings before income taxes:
                               
Results of operations from discontinued operations before income taxes
    —       469       —       1,012  
Income tax (expense)
    —       (197 )     —       (425 )
 
                       
Net income from discontinued operations
  $ —     $ 272     $ —     $ 587  
 
                       
 
                               
Basic earnings per common share from discontinued operations, net of tax
  $ —     $ .01     $ —     $ .01  
Diluted earnings per common share and common share equivalents from discontinued operations, net of tax
  $ —     $ .01     $ —     $ .01