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Note 21 - Subsequent Event | 12 Months Ended
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Dec. 31, 2018
Notes to Financial Statements |
Subsequent Events [Text Block] |
21. | SUBSEQUENT EVENT :
On February 6, 2019, the Company announced that it had entered into an agreement with Tallman Group, the largest International dealership group in Canada, to form Rush Truck Centres of Canada Limited, which will operate Tallman Group’s network of commercial vehicle dealerships in the Province of Ontario, Canada. Under the terms of the agreement, which is subject to customary closing conditions, a subsidiary of the Company will purchase 50% of the equity in Rush Truck Centres of Canada Limited for approximately CAD $30.0 million. The purchase price does not include any of the real estate, which will continue to be leased from the existing owners of the real estate. The Company does not intend to consolidate Rush Truck Centres of Canada Limited as part of its Truck Segment for financial reporting purposes. Rush Truck Centres of Canada Limited will be accounted for as an equity method investment. The parties expect the transaction to close on February 25, 2019.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 + Details
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