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Note 18 - Segments
 12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

18.                   SEGMENTS:


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 Company’s 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 Company accounts 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 years ended December 31, 2013, 2012 or 2011.


The following table contains summarized information about reportable segment revenue, segment income or loss from continuing operations and segment assets for the periods ended December 31, 2013, 2012 and 2011 (in thousands):


   

Truck

Segment

   

All

Other

   

Totals

 

2013

                       

Revenues from external customers

  $ 3,365, 900     $ 18,805     $ 3,384,705  

Interest income

    41    

–

      41  

Interest expense

    10,559       175       10,734  

Depreciation and amortization

    29,403       522       29,925  

Segment income (loss) from continuing operations before taxes

    81,856       (795 )     81,061  

Segment assets

    2,140,008       27,790       2,167,798  

Goodwill

    212,904       2,560       215,464  

Expenditures for segment assets

    191,016       568       191,584  
                         

2012

                       

Revenues from external customers

  $ 3,072,092     $ 18,475     $ 3,090,567  

Interest income

    21    

–

      21  

Interest expense

    12,830       208       13,038  

Depreciation and amortization

    24,482       534       25,016  

Segment income (loss) from continuing operations before taxes

    102,392       (1,209 )     101,183  

Segment assets

    1,855,431       26,135       1,881,566  

Goodwill

    195,697       2,560       198,257  

Expenditures for segment assets

    170,436       515       170,951  
                         

2011

                       

Revenues from external customers

  $ 2,562,740     $ 17,871     $ 2,580,611  

Interest income

    20    

–

      20  

Interest expense

    6,876       305       7,181  

Depreciation and amortization

    19,471       613       20,084  

Segment income (loss) from continuing operations before taxes

    91,820       (1,643 )     90,177  

Segment assets

    1,691,938       25,763       1,717,701  

Goodwill

    180,052       2,560       182,612  

Expenditures for segment assets

    148,384       159       148,543  

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.