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Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
New and used commercial vehicle sales $ 819,028 $ 698,838 $ 2,230,969 $ 2,004,236
Aftermarket products and services sales 375,835 336,459 1,092,540 1,007,063
Lease and rental 54,630 52,452 158,922 155,491
Finance and insurance 4,771 4,870 13,092 14,206
Other 3,195 3,422 10,256 12,347
Total revenue 1,257,459 1,096,041 3,505,779 3,193,343
Cost of products sold:        
New and used commercial vehicle sales 754,762 653,992 2,061,135 1,868,983
Aftermarket products and services sales 237,452 214,916 693,910 642,678
Lease and rental 45,197 45,817 133,707 136,618
Total cost of products sold 1,037,411 914,725 2,888,752 2,648,279
Gross profit 220,048 181,316 617,027 545,064
Selling, general and administrative expense 159,281 142,280 469,037 450,812
Depreciation and amortization expense 12,438 13,014 37,374 38,482
Gain on sale of assets 107 1,566 76 1,571
Operating income 48,436 27,588 110,692 57,341
Interest expense, net 3,101 3,285 8,716 11,287
Income before taxes 45,335 24,303 101,976 46,054
Provision for income taxes 15,551 9,423 35,714 17,962
Net income $ 29,784 $ 14,880 $ 66,262 $ 28,092
Earnings per common share:        
Basic (in dollars per share) $ 0.75 $ 0.38 $ 1.68 $ 0.70
Diluted (in dollars per share) $ 0.72 $ 0.37 $ 1.62 $ 0.69
Weighted average shares outstanding:        
Basic (in shares) 39,825 39,617 39,560 40,138
Diluted (in shares) 41,146 40,274 40,830 40,698
Comprehensive income $ 29,784 $ 14,889 $ 66,548 $ 28,111