Note 7 - Segment Information

9 Months Ended

Sep. 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 and segment assets for the periods ended September 30, 2013 and 2012 (in thousands):

	Truck Segment		All Other			Totals
As of and for the three months ended September 30, 2013
Revenues from external customers	$	907,903	$	5,161		$	913,064
Segment income (loss) before taxes		25,149		(60	)		25,089
Segment assets		2,016,725		28,806			2,045,530
For the nine months ended September 30, 2013
Revenues from external customers	$	2,445,151	$	14,375		$	2,459,526
Segment income (loss) before taxes		56,685		(187	)		56,498
As of and for the three months ended September 30, 2012
Revenues from external customers	$	740,392	$	4,741		$	745,133
Segment income (loss) before taxes		24,704		(460	)		24,244
Segment assets		1,835,675		27,253			1,862,928
For the nine months ended September 30, 2012
Revenues from external customers	$	2,344,073	$	14,233		$	2,358,306
Segment income (loss) before taxes		79,521		(642	)		78,879

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.