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Note 18 - Segments
 12 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
18.
SEGMENTS
:
 
The Company currently has one reportable business segment - the Truck Segment. The Truck Segment includes the Company’s operation of 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 assessing its performance.
 
The Company also has revenues attributable to three other operating segments. These segments include a retail tire company, an insurance agency and a guest ranch operation and are included in the All Other column below. None of these segments has ever met any of the quantitative thresholds for determining reportable segments.
 
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 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, 2015, 2014 or 2013.
 
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, 2015, 2014 and 2013 (in thousands):
 
 
  
Truck
Segment
    
All
Other
    
Totals
  
201
5
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
   $ 4,964,642     $ 15,091     $ 4,979,733  
Interest income
     490       –       490  
Interest expense
     13,814       149       13,963  
Depreciation and amortization
     43,355       504       43,859  
Segment income (loss) from continuing
operations before taxes
     109,583       (1,780 )     107,803  
Segment assets
     2,818,255       33,753       2,852,008  
Goodwill
     282,481       2,560       285,041  
Expenditures for segment assets
     367,482       308       367,790  
                         
201
4
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
   $ 4,708,978     $ 18,378     $ 4,727,356  
Interest income
     239       –       239  
Interest expense
     11,278       159       11,437  
Depreciation and amortization
     40,283       503       40,786  
Segment income (loss) from continuing
operations before taxes
     131,035       (492 )     130,543  
Segment assets
     2,646,018       29,857       2,675,875  
Goodwill
     262,585       2,560       265,145  
Expenditures for segment assets
     262,613       510       263,123  
                         
201
3
 
 
 
 
 
 
 
 
 
 
 
 
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
     2,123,731       27,790       2,151,521  
Goodwill
     212,904       2,560       215,464  
Expenditures for segment assets
     191,016       568       191,584