Note 7 - Segment Information

6 Months Ended

Jun. 30, 2016

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

7 – Segment Information

The Company currently has one reportable business segment, the Truck Segment. The Truck Segment includes the Company’s operation of a 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 body shop 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, 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.

The following table contains summarized information about reportable segment revenue, segment income or loss from continuing operations and segment assets for the periods ended June 30, 2016, and 2015 (in thousands):

	Truck Segment		All Other			Total
As of and for the three months ended June 30, 201 6
Revenues from external customers	$	1,022,547	$	3,915		$	1,026,462
Segment income (loss) before taxes		17,865		(56	)		17,809
Segment assets		2,779,789		32,906			2,812,695
For the six months ended June 30, 201 6
Revenues from external customers	$	2,089,837	$	7,465		$	2,097,302
Segment income (loss) before taxes		22,235		(484	)		21,751
As of and for the three months ended June 30, 201 5
Revenues from external customers	$	1,326,360	$	3,943		$	1,330,303
Segment income (loss) before taxes		32,159		(197	)		31,962
Segment assets		2,715,032		31,984			2,747,016
For the six months ended June 30, 201 5
Revenues from external customers	$	2,516,347	$	7,491		$	2,523,838
Segment income (loss) before taxes		59,911		(561	)		59,350