Note 17 - Segments

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

17. SEGMENTS :

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 collision center 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 its 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 Company accounts for intersegment sales and transfers as if the sales or transfers were to

third

parties, that is, at current market prices. There were

no

material intersegment sales during the years ended

December 31, 2018,

2017

or

2016.

The following table contains summarized information about reportable segment revenue, segment income or loss from continuing operations and segment assets for the periods ended

December 31, 2018,

2017

and

2016

(in thousands):

	Truck		All
	Segment		Other			Totals
201 8
Revenues from external customers	$	5,488,787	$	17,403		$	5,506,190
Interest income		1,376		–			1,376
Interest expense		20,850		208			21,058
Depreciation and amortization		70,170		319			70,489
Segment operating income		202,725		126			202,851
Segment income (loss) from continuing operations before taxes		183,251		(82	)		183,169
Segment assets		3,166,174		35,176			3,201,350
Goodwill		288,831		2,560			291,391
Expenditures for segment assets		238,229		31			238,260
201 7
Revenues from external customers	$	4,698,035	$	15,847		$	4,713,882
Interest income		891		–			891
Interest expense		13,024		177			13,201
Depreciation and amortization		49,634		435			50,069
Segment operating income (loss)		149,338		(629	)		148,709
Segment income (loss) from continuing operations before taxes		137,205		(806	)		136,399
Segment assets		2,855,001		35,138			2,890,139
Goodwill		288,831		2,560			291,391
Expenditures for segment assets		209,852		65			209,917
201 6
Revenues from external customers	$	4,199,348	$	15,266		$	4,214,614
Interest income		621		–			621
Interest expense		14,740		160			14,900
Depreciation and amortization		50,771		490			51,261
Segment operating income (loss)		81,483		(756	)		80,728
Segment income (loss) from continuing operations before taxes		67,364		(915	)		66,449
Segment assets		2,570,016		33,031			2,603,047
Goodwill		287,631		2,560			290,191
Expenditures for segment assets		196,704		261			196,965