Note 7 - Segment Information

9 Months Ended

Sep. 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 revenue, segment income or loss from continuing operations and segment assets for the periods ended

September 30, 2017,

and

2016

(in thousands):

	Truck Segment		All Other			Totals
As of and for the three months ended September 30, 201 7
Revenues from external customers	$	1,253,429	$	4,030		$	1,257,459
Segment income (loss) before taxes		45,590		(255	)		45,335
Segment assets		2,721,463		37,527			2,758,990
F or the nine months ended September 30, 201 7
Revenues from external customers	$	3,493,984	$	11,795		$	3,505,779
Segment income (loss) before taxes		102,599		(623	)		101,976
As of and for the three months ended September 30, 2016
Revenues from external customers	$	1,092,005	$	4,036		$	1,096,041
Segment income (loss) before taxes		24,505		(202	)		24,303
Segment assets		2,662,872		32,623			2,695,495
For the nine months ended September 30, 2016
Revenues from external customers	$	3,181,842	$	11,501		$	3,193,343
Segment income (loss) before taxes		46,740		(686	)		46,054