Note 9 - Revenue

3 Months Ended

Mar. 31, 2019

Revenue from Contract with Customer [Text Block]

–

Revenue

The Company’s revenues are primarily generated from the sale of finished products to customers. Those sales predominantly contain a single delivery element and revenue for such sales is recognized when the customer obtains control, which is typically when the finished product is delivered to the customer. The Company’s material revenue streams have been identified as the following: the sale of new and used commercial vehicles, arrangement of associated commercial vehicle financing and insurance contracts, the performance of commercial vehicle repair services and the sale of commercial vehicle parts. Taxes collected from customers relating to product sales and remitted to governmental authorities are excluded from revenues.

The following table summarizes the Company’s disaggregated revenue by revenue source for the

three

months ended

March 31, 2019

and

2018

(in thousands):

	Three Months Ended March 31, 2019		Three Months Ended March 31, 2018
Commercial vehicle sales revenue	$	838,283	$	773,100
Parts revenue		247,317		223,354
Commercial vehicle repair service revenue		191,037		176,941
Finance revenue		4,095		2,336
Insurance revenue		2,515		2,405
Other revenue		5,637		5,121
Total	$	1,288,884	$	1,183,257

All of the Company's performance obligations and associated revenues are generally transferred to customers at a point in time. The Company does

not

have any material contract assets or contract liabilities on the balance sheet as of

March 31, 2019.

Revenues related to commercial vehicle sales, parts sales, commercial vehicle repair service, finance and the majority of other revenues are related to the Truck Segment.