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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Revenue $ 1,914,503 $ 1,710,703 $ 3,739,604 $ 3,202,570
Lease and rental sales 88,549 80,538 175,215 151,873
Total revenue 2,003,052 1,791,241 3,914,819 3,354,443
Lease and rental sales 61,514 55,335 121,992 103,896
Total cost of products sold 1,589,204 1,417,025 3,102,202 2,634,787
Gross profit 413,848 374,216 812,617 719,656
Selling, general and administrative expense 256,691 225,327 513,499 449,774
Depreciation and amortization expense 14,545 13,910 28,859 27,584
Gain on sale of assets 247 44 376 224
Operating income 142,859 135,023 270,635 242,522
Other (expense) income (96) 8,333 2,251 22,397
Interest expense, net 12,238 3,168 23,221 4,387
Income before taxes 130,525 140,188 249,665 260,532
Income tax provision 32,001 29,515 60,351 57,406
Net income 98,524 110,673 189,314 203,126
Less: Net income attributable to noncontrolling interest 249 446 584 446
Net income attributable to Rush Enterprises, Inc. $ 98,275 $ 110,227 $ 188,730 $ 202,680
Net income attributable to Rush Enterprises, Inc. per share of common stock:        
Basic (in dollars per share) $ 1.80 $ 1.98 $ 3.46 $ 3.63
Diluted (in dollars per share) $ 1.75 $ 1.92 $ 3.35 $ 3.52
Weighted average shares outstanding:        
Basic (in shares) 54,460 55,640 54,617 55,788
Diluted (in shares) 56,104 57,310 56,334 57,610
Dividends declared per common share (in dollars per share) $ 0.21 $ 0.19 $ 0.42 $ 0.38
New and Used Commercial Vehicle [Member]        
Revenues        
Revenue $ 1,250,794 $ 1,098,255 $ 2,412,519 $ 2,033,974
Costs of products sold 1,124,339 994,406 2,174,704 1,829,399
Parts and Service [Member]        
Revenues        
Revenue 651,130 598,298 1,299,356 1,141,561
Costs of products sold 403,351 367,284 805,506 701,492
Finance and Insurance [Member]        
Revenues        
Revenue 6,189 7,755 12,760 15,280
Product and Service, Other [Member]        
Revenues        
Revenue $ 6,390 $ 6,395 $ 14,969 $ 11,755