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Note 17 - Segments | 12 Months Ended
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Dec. 31, 2019
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] |
17. | SEGMENTS:
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 collision center 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 Company accounts for intersegment sales and transfers as if the sales or transfers were to third parties, that is, at current market prices. There were no material intersegment sales during the years ended December 31, 2019, 2018 or 2017. The following table contains summarized information about reportable segment revenue, segment income or loss from continuing operations and segment assets for the periods ended December 31, 2019, 2018 and 2017 (in thousands):
|  | Truck |  |  | All |  |  |  |  |
|  | Segment |  |  | Other |  |  | Totals |
201 9 |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 5,794,155 |  |  | $ | 15,692 |  |  | $ | 5,809,847 |
Interest income |  |  | 1,680 |  |  |  | – |  |  |  | 1,680 |
Interest expense |  |  | 30,201 |  |  |  | 286 |  |  |  | 30,487 |
Depreciation and amortization |  |  | 55,036 |  |  |  | 336 |  |  |  | 55,372 |
Segment operating income (loss) |  |  | 216,691 |  |  |  | (286 | ) |  |  | 216,405 |
Segment income from continuing operations before taxes |  |  | 188,122 |  |  |  | 1,401 |  |  |  | 189,523 |
Segment assets |  |  | 3,369,517 |  |  |  | 37,812 |  |  |  | 3,407,329 |
Goodwill |  |  | 289,582 |  |  |  | 2,560 |  |  |  | 292,142 |
Expenditures for segment assets |  |  | 292,980 |  |  |  | 513 |  |  |  | 293,493 |
201 8 |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 5,488,787 |  |  | $ | 17,403 |  |  | $ | 5,506,190 |
Interest income |  |  | 1,376 |  |  |  | – |  |  |  | 1,376 |
Interest expense |  |  | 20,850 |  |  |  | 208 |  |  |  | 21,058 |
Depreciation and amortization |  |  | 70,170 |  |  |  | 319 |  |  |  | 70,489 |
Segment operating income |  |  | 202,725 |  |  |  | 126 |  |  |  | 202,851 |
Segment income (loss) from continuing operations before taxes |  |  | 183,251 |  |  |  | (82 | ) |  |  | 183,169 |
Segment assets |  |  | 3,166,174 |  |  |  | 35,176 |  |  |  | 3,201,350 |
Goodwill |  |  | 288,831 |  |  |  | 2,560 |  |  |  | 291,391 |
Expenditures for segment assets |  |  | 238,229 |  |  |  | 31 |  |  |  | 238,260 |
201 7 |  |  |  |  |  |  |  |  |  |  |  |
Revenues from external customers |  | $ | 4,698,035 |  |  | $ | 15,847 |  |  | $ | 4,713,882 |
Interest income |  |  | 891 |  |  |  | – |  |  |  | 891 |
Interest expense |  |  | 13,024 |  |  |  | 177 |  |  |  | 13,201 |
Depreciation and amortization |  |  | 49,634 |  |  |  | 435 |  |  |  | 50,069 |
Segment operating income (loss) |  |  | 149,338 |  |  |  | (629 | ) |  |  | 148,709 |
Segment income (loss) from continuing operations before taxes |  |  | 137,205 |  |  |  | (806 | ) |  |  | 136,399 |
Segment assets |  |  | 2,855,001 |  |  |  | 35,138 |  |  |  | 2,890,139 |
Goodwill |  |  | 288,831 |  |  |  | 2,560 |  |  |  | 291,391 |
Expenditures for segment assets |  |  | 209,852 |  |  |  | 65 |  |  |  | 209,917 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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