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Segment Information
3 Months Ended
Mar. 31, 2012
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 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 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 from continuing operations before income taxes not including extraordinary items.

The following table contains summarized information about reportable segment revenue, segment income or loss from continuing operations and segment assets for the periods ended March 31, 2012 and 2011 (in thousands):

 

                         
    Truck
Segment
    All Other     Totals  

As of and for the three months ended March 31, 2012

                       

Revenues from external customers

  $ 772,908     $ 4,421     $ 777,329  

Segment income (loss) before taxes

    26,243       (167     26,076  

Segment assets

    1,807,951       26,702       1,834,653  

As of and for the three months ended March 31, 2011

                       

Revenues from external customers

  $ 442,140     $ 3,964     $ 446,104  

Segment income (loss) before taxes

    12,085       (465     11,620  

Segment assets

    1,189,412       25,801       1,215,213  

 

Revenues from segments below the quantitative thresholds are attributable to three operating segments of the Company and are included in the All Other column. 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.