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Segment Information
9 Months Ended
Sep. 30, 2011
Segment Information [Abstract] 
Segment Information
7 — Segment Information
The Company currently has one reportable business segment, the Truck segment. The Truck segment operates 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 as 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 assess its performance.
The Construction Equipment segment is no longer reported as a separate business segment because the Company sold the assets of its John Deere construction equipment business. See Note 11 for further discussion of the sale of the construction equipment business.
The Company evaluates performance based on income before income taxes not including extraordinary items.
The Company accounted for intersegment sales and transfers as if the sales or transfers were to third parties, that is, at current market prices. There were no material intersegment sales during the quarters or nine months ended September 30, 2011 and 2010.
The following table contains summarized information about reportable segment revenue, segment income or loss from continuing operations and segment assets for the periods ended September 30, 2011 and 2010 (in thousands):
                         
    Truck              
    Segment     All Other     Totals  
 
                       
As of and for the three months ended September 30, 2011
                       
 
                       
Revenues from external customers
  $ 691,469     $ 4,976     $ 696,445  
Segment income from continuing operations before taxes
    26,875       (441 )     26,434  
Segment assets
    1,459,161       26,017       1,485,178  
 
                       
For the nine months ended September 30, 2011
                       
 
                       
Revenues from external customers
  $ 1,791,099     $ 13,432     $ 1,804,531  
Segment income from continuing operations before taxes
    59,481       (1,237 )     58,244  
 
                       
As of and for the three months ended September 30, 2010
                       
 
                       
Revenues from external customers
  $ 401,890     $ 3,951     $ 405,841  
Segment income from continuing operations before taxes
    12,838       (463 )     12,375  
Segment assets
    1,112,454       32,270       1,144,724  
 
                       
For the nine months ended September 30, 2010
                       
 
                       
Revenues from external customers
  $ 1,023,321     $ 11,647     $ 1,034,968  
Segment income from continuing operations before taxes
    25,185       (774 )     24,411  
Revenues from segments below the quantitative thresholds are attributable to three operating segments of the Company. Those segments include a retail tire company, an insurance agency and a guest ranch operation. None of those segments has ever met any of the quantitative thresholds for determining reportable segments.