XML 23 R12.htm IDEA: XBRL DOCUMENT v3.4.0.3
Note 7 - Segment Information
 3 Months Ended
Mar. 31, 2016
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
7 – Segment Information
 
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.
 
The following table contains summarized information about reportable segment revenues, segment income or loss from continuing operations and segment assets for the periods ended March 31, 2016 and 2015 (in thousands):
 
   
Truck Segment
    
All Other
    
Totals
  
                         
As of and for the three months ended March 31, 201
6
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
   $ 1,067,290     $ 3,550     $ 1,070,840  
Segment income (loss) before taxes
     4,370       (428 )     3,942  
Segment assets
     2,764,294       32,498       2,796,792  
                         
As of and for the three months ended March 31, 201
5
 
 
 
 
 
 
 
 
 
 
 
 
Revenues from external customers
   $ 1,189,987     $ 3,548     $ 1,193,535  
Segment income (loss) before taxes
     27,752       (364 )     27,388  
Segment assets
     2,708,600       30,123       2,738,723