XML 32 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Revenue $ 1,536,316 $ 1,315,311 $ 4,308,170 $ 3,788,406
Lease and rental 62,949 60,825 183,973 177,342
Total revenue 1,599,265 1,376,136 4,492,143 3,965,748
Cost of products sold:        
Lease and rental 52,223 49,924 153,316 147,015
Total cost of products sold 1,334,497 1,127,079 3,700,953 3,246,319
Gross profit 264,768 249,057 791,190 719,429
Selling, general and administrative expense 192,482 177,405 573,644 527,729
Depreciation and amortization expense 14,033 12,794 40,552 57,395
Gain (loss) on sale of assets 70 (209) (12) 159
Operating income 58,323 58,649 176,982 134,464
Other income 1,577 0 2,316 0
Interest expense, net 7,690 4,468 23,120 13,268
Income before taxes 52,210 54,181 156,178 121,196
Provision for income taxes 13,106 12,516 38,349 29,103
Net income $ 39,104 $ 41,665 $ 117,829 $ 92,093
Earnings per common share:        
Basic (in dollars per share) $ 1.07 $ 1.06 $ 3.21 $ 2.33
Diluted (in dollars per share) $ 1.05 $ 1.03 $ 3.13 $ 2.27
Weighted average shares outstanding:        
Basic (in shares) 36,545 39,309 36,744 39,480
Diluted (in shares) 37,351 40,388 37,625 40,635
Dividends declared per common share (in dollars per share) $ 0.13 $ 0.12 $ 0.37 $ 0.12
Comprehensive income $ 39,159 $ 41,665 $ 117,763 $ 92,093
New and Used Commercial Vehicle [Member]        
Revenues:        
Revenue 1,070,868 878,845 2,933,952 2,508,970
Cost of products sold:        
Cost of products sold 997,946 808,634 2,717,484 2,311,156
Parts and Service [Member]        
Revenues:        
Revenue 454,785 426,845 1,341,305 1,250,080
Cost of products sold:        
Cost of products sold 284,328 268,521 830,153 788,148
Finance and Insurance [Member]        
Revenues:        
Revenue 5,863 5,053 18,874 15,286
Product and Service, Other [Member]        
Revenues:        
Revenue $ 4,800 $ 4,568 $ 14,039 $ 14,070