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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, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Revenue $ 945,222 $ 1,482,970 $ 2,171,104 $ 2,771,854
Lease and rental sales 57,290 61,591 118,071 121,024
Total revenue 1,002,512 1,544,561 2,289,175 2,892,878
Cost of products sold        
Lease and rental sales 51,491 51,298 103,699 101,093
Total cost of products sold 810,181 1,275,055 1,862,343 2,366,456
Gross profit 192,331 269,506 426,832 526,422
Selling, general and administrative expense 156,195 193,981 341,269 381,162
Depreciation and amortization expense 14,516 13,594 28,846 26,519
Gain (loss) on sale of assets 1,381 (139) 1,481 (82)
Operating income 23,001 61,792 58,198 118,659
Other income 1,720 690 2,961 739
Interest expense, net 2,209 8,072 6,978 15,430
Income before taxes 22,512 54,410 54,181 103,968
Income tax provision 5,696 12,789 14,258 25,243
Net income $ 16,816 $ 41,621 $ 39,923 $ 78,725
Earnings per common share:        
Basic (in dollars per share) $ 0.46 $ 1.13 $ 1.10 $ 2.14
Diluted (in dollars per share) $ 0.46 $ 1.10 $ 1.08 $ 2.08
Weighted average shares outstanding:        
Basic (in shares) 36,291 36,852 36,387 36,847
Diluted (in shares) 36,900 37,695 37,113 37,764
Dividends declared per common share (in dollars per share) $ 0.13 $ 0.12 $ 0.26 $ 0.24
Comprehensive income $ 17,741 $ 41,116 $ 38,918 $ 78,604
New and Used Commercial Vehicle [Member]        
Revenues        
Revenue 559,062 1,024,801 1,348,616 1,863,084
Cost of products sold        
Cost of products sold 521,494 951,121 1,250,033 1,719,538
Parts and Service [Member]        
Revenues        
Revenue 377,553 448,166 805,531 886,520
Cost of products sold        
Cost of products sold 237,196 272,636 508,611 545,825
Finance and Insurance [Member]        
Revenues        
Revenue 4,960 6,401 9,427 13,011
Product and Service, Other [Member]        
Revenues        
Revenue $ 3,647 $ 3,602 $ 7,530 $ 9,239