XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
New and used commercial vehicle sales $ 1,825,101 $ 1,491,867
Lease and rental 86,666 71,335
Total revenue 1,911,767 1,563,202
Cost of products sold    
Lease and rental 60,478 48,561
Total cost of products sold 1,512,998 1,217,762
Gross profit 398,769 345,440
Selling, general and administrative expense 256,808 224,447
Depreciation and amortization expense 14,314 13,674
Gain on sale of assets 129 180
Operating income 127,776 107,499
Other income 2,347 14,064
Interest expense, net 10,983 1,219
Income before taxes 119,140 120,344
Income tax provision 28,350 27,891
Net income 90,790 92,453
Less: Net income attributable to noncontrolling interest 335  
Net income attributable to Rush Enterprises, Inc. $ 90,455 $ 92,453
Net income attributable to Rush Enterprises, Inc. per share of common stock:    
Basic (in dollars per share) $ 1.65 $ 1.65
Diluted (in dollars per share) $ 1.60 $ 1.60
Weighted average shares outstanding:    
Basic (in shares) 54,767 55,938
Diluted (in shares) 56,564 57,912
Dividends declared per common share (in dollars per share) $ 0.21 $ 0.19
New and Used Commercial Vehicle [Member]    
Revenues    
New and used commercial vehicle sales $ 1,161,725 $ 935,719
Cost of products sold    
New and used commercial vehicle sales 1,050,365 834,993
Parts and Service [Member]    
Revenues    
New and used commercial vehicle sales 648,226 543,263
Cost of products sold    
New and used commercial vehicle sales 402,155 334,208
Finance and Insurance [Member]    
Revenues    
New and used commercial vehicle sales 6,571 7,525
Product and Service, Other [Member]    
Revenues    
New and used commercial vehicle sales $ 8,579 $ 5,360