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Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Revenue $ 1,710,703 $ 1,254,619 $ 3,202,570 $ 2,428,198
Lease and rental sales 80,538 61,396 151,873 119,623
Total revenue 1,791,241 1,316,015 3,354,443 2,547,821
Cost of products sold        
Lease and rental sales 55,335 48,387 103,896 96,445
Total cost of products sold 1,417,025 1,045,233 2,634,787 2,032,225
Gross profit 374,216 270,782 719,656 515,596
Selling, general and administrative expense 225,327 184,734 449,774 359,689
Depreciation and amortization expense 13,910 13,421 27,584 27,147
Gain on sale of assets 44 164 224 256
Operating income 135,023 72,791 242,522 129,016
Other income (8,333) (1,746) (22,397) (2,665)
Interest (income) expense, net (3,168) 212 (4,387) (295)
Income before taxes 140,188 74,749 260,532 131,386
Income tax provision (29,515) (16,705) (57,406) (28,009)
Net income 110,673 58,044 203,126 103,377
Less: Net income attributable to noncontrolling interest 446   446  
Net income attributable to Rush Enterprises, Inc. $ 110,227 $ 58,044 $ 202,680 $ 103,377
Net income attributable to Rush Enterprises, Inc. per share of common stock:        
Basic (in dollars per share) $ 1.98 $ 1.04 $ 3.63 $ 1.85
Diluted (in dollars per share) $ 1.92 $ 1.00 $ 3.52 $ 1.79
Weighted average shares outstanding:        
Basic (in shares) 55,640 56,009 55,788 55,819
Diluted (in shares) 57,310 57,956 57,610 57,846
Dividends declared per common share (in dollars per share) $ 0.19 $ 0.18 $ 0.38 $ 0.36
New and Used Commercial Vehicle [Member]        
Revenues        
Revenue $ 1,098,255 $ 797,269 $ 2,033,974 $ 1,544,988
Cost of products sold        
Cost of products sold 994,406 719,768 1,829,399 1,396,860
Parts and Service [Member]        
Revenues        
Revenue 598,298 445,526 1,141,561 861,263
Cost of products sold        
Cost of products sold 367,284 277,078 701,492 538,920
Finance and Insurance [Member]        
Revenues        
Revenue 7,755 7,407 15,280 13,872
Product and Service, Other [Member]        
Revenues        
Revenue $ 6,395 $ 4,417 $ 11,755 $ 8,075