– Segment Information

The Company currently has

one

reportable business segment - the Truck Segment. The Truck Segment includes the Company’s operation of a nationwide 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 or departments within its 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 following table contains summarized information about reportable segment revenues, segment income or loss from continuing operations and segment assets for the periods ended

June 30, 2018

and

2017

(in thousands):

	Truck Segment		All Other			Total
As of and for the three months ended June 30, 201 8
Revenues from external customers	$	1,344,271	$	4,560		$	1,348,831
Segment operating income		43,126		300			43,426
Segment income before taxes		38,684		248			38,932
Segment assets		2,981,063		35,400			3,016,463

For the six months ended June 30, 201 8
Revenues from external customers	$	2,580,924	$	8,688		$	2,589,612
Segment operating income		75,486		329			75,815
Segment income before taxes		66,787		228			67,015

As of and for the three months ended June 30, 201 7
Revenues from external customers	$	1,199,703	$	3,821		$	1,203,523
Segment operating income (loss)		37,546		(139	)		37,407
Segment income (loss) before taxes		34,766		(183	)		34,583
Segment assets		2,655,860		35,939			2,691,799

For the six months ended June 30, 201 7
Revenues from external customers	$	2,240,556	$	7,764		$	2,248,320
Segment operating income (loss)		62,540		(284	)		62,256
Segment income (loss) before taxes		57,010		(368	)		56,641