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Note 19 - Asset Impairment
12 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
Asset Impairment Charges [Text Block]
19.
ASSET IMPAIRMENT
:
 
During the fourth quarter of 2014, the Company initiated a plan to sell its corporate aircraft and met all of the initial criteria of ASC 360, “Property, Plant and Equipment” to classify the corporate asset as an asset held for sale.  It was determined that the carrying value of the corporate aircraft was no longer recoverable, and the Company recognized a $3.4 million in pre-tax non-cash asset impairment charge during the twelve months ended December 31, 2014.  As a result, the Company adjusted the carrying value of its corporate aircraft to its estimated fair market value less costs to sell in accordance with ASC 820, “Fair Value Measurement.”  The impairment loss is included in depreciation and amortization expense as of December 31, 2014, on the Consolidated Statements of Income. At December 31, 2014, the corporate aircraft is presented on the Consolidated Balance Sheets as a current asset in asset held for sale and the related debt is presented in current liabilities in liabilities directly associated with asset held for sale.  Depreciation was not recorded on the corporate aircraft during the period in which it was classified as held for sale. The asset was reported under the Truck Segment. The corporate aircraft was sold in connection with the purchase of a replacement aircraft in 2015 and no additional loss was incurred.