XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
New and used commercial vehicle sales $ 775,988 $ 636,853 $ 1,411,941 $ 1,305,398
Aftermarket products and services sales 366,599 328,665 716,705 670,604
Lease and rental sales 53,048 52,152 104,292 103,039
Finance and insurance 4,392 4,837 8,321 9,336
Other 3,496 3,955 7,061 8,925
Total revenue 1,203,523 1,026,462 2,248,320 2,097,302
Cost of products sold:        
New and used commercial vehicle sales 718,253 591,331 1,306,373 1,214,991
Aftermarket products and services sales 231,992 209,519 456,458 427,762
Lease and rental sales 44,206 45,134 88,510 90,801
Total cost of products sold 994,451 845,984 1,851,341 1,733,554
Gross profit 209,072 180,478 396,979 363,748
Selling, general and administrative expense 159,353 146,080 309,756 308,532
Depreciation and amortization expense 12,444 12,821 24,936 25,468
Gain (loss) on sale of assets 132 (5) (31) 5
Operating income 37,407 21,572 62,256 29,753
Interest expense, net 2,824 3,763 5,615 8,002
Income before taxes 34,583 17,809 56,641 21,751
Provision for income taxes 12,584 6,992 20,163 8,539
Net income $ 21,999 $ 10,817 $ 36,478 $ 13,212
Earnings per common share:        
Basic (in dollars per share) $ 0.55 $ 0.27 $ 0.92 $ 0.33
Diluted (in dollars per share) $ 0.54 $ 0.27 $ 0.90 $ 0.32
Weighted average shares outstanding:        
Basic (in shares) 39,641 40,250 39,493 40,402
Diluted (in shares) 40,839 40,778 40,737 40,914
Comprehensive income $ 22,285 $ 10,828 $ 36,764 $ 13,223