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Note 7 - Segment Information
 9 Months Ended
Sep. 30, 2012
Segment Reporting Disclosure [Text Block]

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 before income taxes not including extraordinary items.


The following table contains summarized information about reportable segment revenue, segment income or loss and segment assets for the periods ended September 30, 2012 and 2011 (in thousands):


 

Truck Segment

All Other

Totals

                         

As of and for the three months ended September 30, 2012

                       
                         

Revenues from external customers

  $ 740,392   $ 4,741   $ 745,133

Segment income (loss) before taxes

    24,704     (460 )     24,244

Segment assets

    1,835,675     27,253     1,862,928
                         

For the nine months ended September 30, 2012

                       
                         

Revenues from external customers

  $ 2,344,073   $ 14,233   $ 2,358,306

Segment income (loss) before taxes

    79,521     (642 )     78,879
                         

As of and for the three months ended September 30, 2011

                       
                         

Revenues from external customers

  $ 691,469   $ 4,976   $ 696,445

Segment income (loss) 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 (loss) before taxes

    59,481     (1,237 )     58,244

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.