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Note 7 - Segment Information
 6 Months Ended
Jun. 30, 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
June 30, 2017
and
2016
(in thousands):
 
   
Truck
Segment
    
All Other
    
Total
  
As of
and for
the three months ended June 30, 201
7
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
   $
1,199,703
     $
3,821
    $
1,203,523
  
Segment operating income (loss)
    
37,546
      
(139
 )    
37,407
  
Segment income (loss) before taxes
    
34,766
      
(183
 )    
34,583
  
Segment assets
    
2,655,860
      
35,939
      
2,691,799
  
                         
For
the six months ended June 30, 201
7
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
   $
2,240,556
     $
7,764
     $
2,248,320
  
Segment operating income (loss)
    
62,540
      
(284
 )    
62,256
  
Segment income (loss) before taxes
    
57,010
      
(368
 )    
56,641
  
                         
As of
and for
the three months ended June 30, 201
6
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
   $
1,022,547
     $
3,915
    $
1,026,462
  
Segment operating income (loss)
    
21,588
      
(16
 )    
21,572
  
Segment income (loss) before taxes
    
17,865
      
(56
 )    
17,809
  
Segment assets
    
2,779,789
      
32,906
      
2,812,695
  
                         
For the six months ended June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
   $
2,089,837
     $
7,465
     $
2,097,302
  
Segment operating income (loss)
    
30,156
      
(403
 )    
29,753
  
Segment income (loss) before taxes
    
22,235
      
(484
 )    
21,751