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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, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Revenue $ 1,120,655 $ 1,536,316 $ 3,291,759 $ 4,308,170
Lease and rental 57,913 62,949 175,984 183,973
Total revenue 1,178,568 1,599,265 3,467,743 4,492,143
Cost of products sold        
Lease and rental 49,545 52,223 153,244 153,316
Total cost of products sold 966,116 1,334,497 2,828,459 3,700,953
Gross profit 212,452 264,768 639,284 791,190
Selling, general and administrative expense 155,487 192,482 496,756 573,644
Depreciation and amortization expense 14,423 14,033 43,269 40,552
Gain (loss) on sale of assets 326 70 1,807 (12)
Operating income 42,868 58,323 101,066 176,982
Other income 2,113 1,577 5,074 2,316
Interest expense, net 1,053 7,690 8,031 23,120
Income before taxes 43,928 52,210 98,109 156,178
Income tax provision 9,989 13,106 24,247 38,349
Net income $ 33,939 $ 39,104 $ 73,862 $ 117,829
Earnings per common share:        
Basic (in dollars per share) $ 0.62 $ 0.71 $ 1.35 $ 2.14
Diluted (in dollars per share) $ 0.60 $ 0.70 $ 1.32 $ 2.09
Weighted average shares outstanding:        
Basic (in shares) 55,033 54,817 54,734 55,116
Diluted (in shares) 56,443 56,026 55,929 56,438
Dividends declared per common share (in dollars per share) $ 0.14 $ 0.13 $ 0.40 $ 0.37
Comprehensive income $ 34,427 $ 39,159 $ 73,345 $ 117,763
New and Used Commercial Vehicle [Member]        
Revenues        
Revenue 711,754 1,070,868 2,060,370 2,933,952
Cost of products sold        
Cost of products sold 658,192 997,946 1,908,225 2,717,484
Parts and Service [Member]        
Revenues        
Revenue 400,260 454,785 1,205,791 1,341,305
Cost of products sold        
Cost of products sold 258,379 284,328 766,990 830,153
Finance and Insurance [Member]        
Revenues        
Revenue 5,633 5,863 15,060 18,874
Product and Service, Other [Member]        
Revenues        
Revenue $ 3,008 $ 4,800 $ 10,538 $ 14,039