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Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Revenue $ 1,482,970 $ 1,289,838 $ 2,771,854 $ 2,473,095
Lease and rental sales 61,591 58,993 121,024 116,517
Total revenue 1,544,561 1,348,831 2,892,878 2,589,612
Cost of products sold:        
Lease and rental sales 51,298 48,663 101,093 97,091
Total cost of products sold 1,275,055 1,105,454 2,366,456 2,119,240
Gross profit 269,506 243,377 526,422 470,372
Selling, general and administrative expense 193,981 178,654 381,162 350,324
Depreciation and amortization expense 13,594 21,693 26,519 44,601
Gain (loss) on sale of assets (139) 396 (82) 368
Operating income 61,792 43,426 118,659 75,815
Equity in earnings of unconsolidated entities 690 0 739 0
Interest expense, net 8,072 4,494 15,430 8,800
Income before taxes 54,410 38,932 103,968 67,015
Provision for income taxes 12,789 9,543 25,243 16,587
Net income $ 41,621 $ 29,389 $ 78,725 $ 50,428
Earnings per common share:        
Basic (in dollars per share) $ 1.13 $ 75 $ 2.14 $ 1.27
Diluted (in dollars per share) $ 1.10 $ 72 $ 2.08 $ 1.23
Weighted average shares outstanding:        
Basic (in shares) 36,852 39,399 36,847 39,567
Diluted (in shares) 37,695 40,690 37,764 40,967
Dividends declared per common share (in dollars per share) $ 0.12 $ 0 $ 0.24 $ 0
Comprehensive income $ 41,116 $ 29,389 $ 78,604 $ 50,428
New and Used Commercial Vehicle [Member]        
Revenues:        
Revenue 1,024,801 857,025 1,863,084 1,630,125
Cost of products sold:        
Cost of products sold 951,121 791,608 1,719,538 1,502,522
Parts and Service [Member]        
Revenues:        
Revenue 448,166 422,940 886,520 823,235
Cost of products sold:        
Cost of products sold 272,636 265,183 545,825 519,627
Finance and Insurance [Member]        
Revenues:        
Revenue 6,401 5,492 13,011 10,233
Product and Service, Other [Member]        
Revenues:        
Revenue $ 3,602 $ 4,381 $ 9,239 $ 9,502