XML 30 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues:      
New and used commercial vehicle sales $ 1,801,964 $ 926,584 $ 738,705
Parts and service sales 675,277 489,259 395,133
Lease and rental 83,426 67,423 53,710
Finance and insurance 10,867 7,922 7,468
Other 9,077 6,739 5,437
Total revenue 2,580,611 1,497,927 1,200,453
Cost of products sold:      
New and used commercial vehicle sales 1,679,170 854,879 695,334
Parts and service sales 408,544 300,783 241,933
Lease and rental 69,620 57,375 47,545
Total cost of products sold 2,157,334 1,213,037 984,812
Gross profit 423,277 284,890 215,641
Selling, general and administrative 306,273 227,467 192,296
Depreciation and amortization 20,084 15,720 15,890
Gain (loss) on sale of assets 418 (36) 162
Operating income 97,338 41,667 7,617
Interest income (expense):      
Interest income 20 127 54
Interest expense (7,181) (5,490) (5,749)
Total interest expense, net 7,161 5,363 5,695
Income from continuing operations before taxes 90,177 36,304 1,922
Provision (benefit) for income taxes 34,964 11,737 (3,173)
Income from continuing operations 55,213 24,567 5,095
Income from discontinued operations, net of tax   6,715 789
Net income $ 55,213 $ 31,282 $ 5,884
Earnings per common share--Basic:      
Income from continuing operations $ 1.46 $ 0.66 $ 0.14
Net income $ 1.46 $ 0.84 $ 0.16
Earnings per common share--Diluted:      
Income from continuing operations $ 1.42 $ 0.64 $ 0.14
Net income $ 1.42 $ 0.82 $ 0.16