Note 7 - Segment Information

3 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

7

– Segment Information

The Company currently has

one

reportable business segment - the Truck Segment. The Truck Segment includes the Company’s operation of a nationwide 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 or departments within our dealerships, when making decisions about resources to be allocated to the segment and assessing its performance.

The Company also has revenues attributable to

three

other operating segments. These segments include a retail tire company, an insurance agency and a guest ranch operation and are included in the All Other column below. None of these segments has ever met any of the quantitative thresholds for determining reportable segments.

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 revenues, segment income or loss from continuing operations and segment assets for the periods ended

March

31,

2017

and

2016

(in thousands):

	Truck Segment		All Other			Totals
As of and for the three months ended March 31, 201 7
Revenues from external customers	$	1,040,853	$	3,944		$	1,044,797
Segment operating income (loss)		24,994		(145	)		24,849
Segment income (loss) before taxes		22,244		(186	)		22,058
Segment assets		2,603,945		35,616			2,639,561
As of and for the three months ended March 31, 201 6
Revenues from external customers	$	1,067,290	$	3,550		$	1,070,840
Segment operating income (loss)		8,568		(387	)		8,181
Segment income (loss) before taxes		4,370		(428	)		3,942
Segment assets		2,764,294		32,498			2,796,792