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Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
New and used truck sales $ 466,585 $ 191,309 $ 744,115 $ 371,913
Parts and service 170,387 118,529 315,947 220,357
Lease and rental 20,563 16,255 39,548 30,287
Finance and insurance 2,744 2,047 4,712 3,532
Other 1,703 1,699 3,764 3,038
Total revenue 661,982 329,839 1,108,086 629,127
Cost of products sold:        
New and used truck sales 436,163 174,817 695,068 341,163
Parts and service 103,453 72,222 192,165 134,851
Lease and rental 16,856 13,621 32,953 25,871
Total cost of products sold 556,472 260,660 920,186 501,885
Gross profit 105,510 69,179 187,900 127,242
Selling, general and administrative 79,655 55,148 145,001 105,285
Depreciation and amortization 4,541 3,676 8,721 7,223
Gain (loss) on sale of assets 475 7 432 (4)
Operating income 21,789 10,362 34,610 14,730
Interest expense, net 1,599 1,397 2,800 2,694
Income from continuing operations before taxes 20,190 8,965 31,810 12,036
Provision for income taxes 7,672 3,549 12,025 4,698
Income from continuing operations 12,518 5,416 19,785 7,338
Income from discontinued operations, net of tax   272   587
Net income $ 12,518 $ 5,688 $ 19,785 $ 7,925
Earnings per common share - Basic:        
Income from continuing operations $ 0.33 $ 0.15 $ 0.52 $ 0.20
Net income $ 0.33 $ 0.15 $ 0.52 $ 0.21
Earnings per common share - Diluted:        
Income from continuing operations $ 0.32 $ 0.14 $ 0.51 $ 0.19
Net income $ 0.32 $ 0.15 $ 0.51 $ 0.21
Weighted average shares outstanding:        
Basic 37,831 37,292 37,727 37,232
Diluted 39,015 38,189 38,929 38,014