XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
New and used commercial vehicle sales $ 636,853 $ 917,878 $ 1,305,398 $ 1,718,072
Parts and service sales 328,665 353,268 670,604 690,290
Lease and rental 52,152 49,297 103,039 97,089
Finance and insurance 4,837 5,678 9,336 10,209
Other 3,955 4,182 8,925 8,178
Total revenue 1,026,462 1,330,303 2,097,302 2,523,838
Cost of products sold:        
New and used commercial vehicle sales 591,331 856,274 1,214,991 1,600,534
Parts and service sales 209,519 222,225 427,762 436,922
Lease and rental 45,134 44,171 90,801 85,127
Total cost of products sold 845,984 1,122,670 1,733,554 2,122,583
Gross profit 180,478 207,633 363,748 401,255
Selling, general and administrative expense 146,080 161,309 308,532 313,936
Depreciation and amortization expense 12,821 10,829 25,468 20,823
Gain (loss) on sale of assets (5) 65 5 (607)
Operating income 21,572 35,560 29,753 65,889
Interest expense, net 3,763 3,598 8,002 6,539
Income before taxes 17,809 31,962 21,751 59,350
Provision for income taxes 6,992 12,386 8,539 22,993
Net income $ 10,817 $ 19,576 $ 13,212 $ 36,357
Earnings per common share:        
Basic (in dollars per share) $ 0.27 $ 0.49 $ 0.33 $ 0.91
Diluted (in dollars per share) $ 0.27 $ 0.48 $ 0.32 $ 0.89
Weighted average shares outstanding:        
Basic (in shares) 40,250 40,275 40,402 40,171
Diluted (in shares) 40,778 41,072 40,914 41,029
Comprehensive income $ 10,828 $ 19,659 $ 13,223 $ 36,512