Note 7 - Segment Information

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

7 – Segment Information

The Company currently has one reportable business segment, the Truck Segment. The Truck Segment operates a network of commercial vehicle dealerships that provide an integrated one-stop source for the commercial vehicle needs of its customers, including retail sales of new and used commercial vehicles; aftermarket parts, service and body shop facilities; and a wide array of financial services, including the financing of new and used commercial vehicle purchases, insurance products and truck leasing and rentals. The commercial vehicle dealerships are deemed a single reporting unit because they have similar economic characteristics. The Company’s chief operating decision maker considers the entire Truck Segment, not individual dealerships, when making decisions about resources to be allocated to the segment and assess its performance.

The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The Company evaluates performance based on income before income taxes not including extraordinary items.

The following table contains summarized information about reportable segment revenue, segment income or loss from continuing operations and segment assets for the periods ended June 30, 2013 and 2012 (in thousands):

	Truck Segment		All Other			Total
As of and for the three months ended June 30, 2013
Revenues from external customers	$	784,573	$	5,101		$	789,674
Segment income (loss) before taxes		8,943		366			9,309
Segment assets		1,945,552		26,688			1,972,240
As of and for the six months ended June 30, 2013
Revenues from external customers	$	1,536,803	$	9,659		$	1,546,462
Segment income (loss) before taxes		31,091		318			31,409
As of and for the three months ended June 30, 2012
Revenues from external customers	$	830,773	$	5,071		$	835,844
Segment income (loss) before taxes		28,574		(15	)		28,559
Segment assets		1,858,045		27,396			1,885,441
As of and for the six months ended June 30, 2012
Revenues from external customers	$	1,603,681	$	9,492		$	1,613,173
Segment income (loss) before taxes		54,817		(182	)		54,635

Revenues from segments below the quantitative thresholds are attributable to three operating segments of the Company and are included in the All Other column. Those segments include a retail tire company, an insurance agency and a guest ranch operation. None of those segments has ever met any of the quantitative thresholds for determining reportable segments.