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Earnings Per Share [Text Block]

4 – Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Numerator:
Numerator for basic and diluted earnings per share – Net income available to common shareholders	$	10,817	$	19,576	$	13,212	$	36,357
Denominator:
Denominator for basic earnings per share – weighted average shares outstanding		40,250		40,275		40,402		40,171
Effect of dilutive securities–
Employee and director stock options and restricted share awards		528		797		512		858
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions		40,778		41,072		40,914		41,029
Basic earnings per common share	$	.27	$	.49	$	.33	$	.91
Diluted earnings per common share and common share equivalents	$	.27	$	.48	$	.32	$	.89

Options to purchase shares of common stock that were outstanding for the three months and six months ended June 30, 2016, and 2015, that were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive are as follows (in thousands):

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Options		2,525		1,234		2,522		1,045

Note 5 - Stock Options and Restricted Stock Awards	6 Months Ended
Note 5 - Stock Options and Restricted Stock Awards	Jun. 30, 2016
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	5 – Stock Options and Restricted Stock Awards The Company accounts for stock-based compensation in accordance with Accounting Standards Codification (“ASC”) 718-10, “Compensation – Stock Compensation,” which requires the measurement and recognition of compensation expense for all share-based payment awards made to our employees and directors, including employee stock options, restricted share awards and employee stock purchases related to the Employee Stock Purchase Plan based on estimated fair values. Stock-based compensation expense, calculated using the Black-Scholes option-pricing model for employee stock options, and included in selling, general and administrative expense, was $3.2 million for the three months ended June 30, 2016, and $3.5 million for the three months ended June 30, 2015. Stock-based compensation expense, included in selling, general and administrative expense, for the six months ended June 30, 2016, was $6.7 million and for the six months ended June 30, 2015, was $7.2 million. As of June 30, 2016 , there was $18.5 million of total unrecognized compensation cost related to non-vested share-based compensation arrangements to be recognized over a weighted-average period of 2.5 years.

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

Note 6 - Financial Instruments and Fair Value

6 Months Ended

Jun. 30, 2016

Fair Value Disclosures [Text Block]

6 – Financial Instruments and Fair Value

The Company has various financial instruments that it must measure at fair value on a recurring basis. The Company also applies the provisions of fair value measurement to various nonrecurring measurements for its financial and nonfinancial assets and liabilities.

Applicable accounting standards define fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). The Company measures its assets and liabilities using inputs from the following three levels of the fair value hierarchy:

Level 1 inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date.

Level 2 inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).

Level 3 includes unobservable inputs that reflect the Company’s assumptions about what factors market participants would use in pricing the asset or liability. The Company develops these inputs based on the best information available, including its own data.

Financial instruments consist primarily of cash, accounts receivable, accounts payable and floor plan notes payable. The carrying values of the Company’s financial instruments approximate fair value due either to their short-term nature or existence of variable interest rates, which approximate market rates.

Certain methods and assumptions were used by the Company in estimating the fair value of financial instruments at June 30, 2016, and December 31, 2015. The carrying value of current assets and current liabilities approximates the fair value due to the short maturity of these items.

The fair value of the Company’s long-term debt is based on secondary market indicators. Because the Company’s debt is not quoted, estimates are based on each obligation’s characteristics, including remaining maturities, interest rate, credit rating, collateral and liquidity. Accordingly, the Company concluded that the valuation measurement inputs of its long-term debt represent, at its lowest level, current market interest rates available to the Company for similar debt and its current credit standing and has categorized such debt within Level 2 of the hierarchy framework. The carrying amount approximates fair value.

If investments are deemed to be impaired, the Company determines whether the impairment is temporary or other than temporary. If the impairment is deemed to be temporary, the Company records an unrealized loss in other comprehensive income. If the impairment is deemed other than temporary, the Company records the impairment in the Company’s Consolidated Statements of Income.

Auction Rate Securities

In prior years, the Company invested in interest-bearing short-term investments primarily consisting of investment-grade auction rate securities classified as available-for-sale and reported at fair value. These types of investments were designed to provide liquidity through an auction process that reset the applicable interest rates at predetermined periods ranging from 1 to 35 days. This reset mechanism was intended to allow existing investors to continue to own their respective interest in the auction rate security or to gain immediate liquidity by selling their interests at par.

Auctions for investment grade securities held by the Company have failed. However, a failed auction does not represent a default by the issuer. The auction rate securities continue to pay interest in accordance with the terms of the underlying security; however, liquidity will be limited until there is a successful auction or until such time as other markets for these investments develop. The Company has the intent and ability to hold these auction rate securities until liquidity returns to the market. The Company does not believe that the lack of liquidity relating to its auction rate securities will have a material impact on its ability to fund operations.

As of June 30, 2016, the Company held auction rate securities with underlying tax-exempt municipal bonds that mature in 2030 and have a fair value of $6.4 million and a cost basis of $6.9 million. As of December 31, 2015, the Company held auction rate securities with underlying tax-exempt municipal bonds that mature in 2030 and have a fair value of $6.7 million and a cost basis of $7.2 million. The issuer redeemed $150,000 of the auction rate securities during the second quarter of 2014, $275,000 during the second quarter of 2015 and $250,000 during the second quarter of 2016. These bonds have credit wrap insurance and a credit rating of A by a major credit rating agency.

The Company valued the auction rate securities at June 30, 2016 using a discounted cash flow model based on the characteristics of the individual securities, which the Company believes yields the best estimate of fair value. The first step in the valuation included a credit analysis of the security which considered various factors including the credit quality of the issuer, the instrument’s position within the capital structure of the issuing authority, and the composition of the authority’s assets including the effect of insurance and/or government guarantees. Next, the future cash flows of the instruments were projected based on certain assumptions regarding the auction rate market significant to the valuation including the auction rate market will remain illiquid and auctions will continue to fail causing the interest rate to be the maximum applicable rate. This assumption resulted in discounted cash flow analysis being performed through 2019, the point at which the Company estimates the securities will be redeemed by the municipality. The projected cash flows were then discounted using the applicable yield curve plus a 225 basis point liquidity premium added to the applicable discount rate.

The Company recorded a pre-tax impairment charge of $1.0 million on these auction rate securities in 2011 and a subsequent pre-tax increase in fair value of $427,000 during 2014. The Company believes that the impairment is temporary and has included the impairment in accumulated other comprehensive loss.

The table below presents disclosures about the auction rate securities measured at fair value on a recurring basis in our financial statements as follows (in thousands):

	At June 30, 2016						At December 31, 2015
	Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs
Investment in auction rate securities	$	—	$	—	$	6,417	$	—	$	—	$	6,650

	C ost Basis Amount		Gross Unrealized Loss In Accumulated OCI		Fair Value
June 30, 2016
Investment in auction rate securities	$	6,900	$	483	$	6,417

December 31, 2015
Investment in auction rate securities	$	7,150	$	500	$	6,650

Interest Rate Swap Agreements

In January 2012, the Company entered into swap agreements to hedge against the potential impact of increases in interest rates on its floating-rate debt instruments. All interest rate swap contracts expired by July 1, 2015, therefore, at June 30, 2016, the Company did not have any interest rate swap contracts. Swap agreements that hedge exposures to changes in interest rates exposed the Company to credit risk and market risk.

These swap contracts were designated as cash flow hedges, to pay fixed rates of interest and receive a floating interest rate based on LIBOR. The fixed interest rates specified in the interest rate swap contracts became effective on or about January 1, 2012. The Company’s interest rate swaps qualified for cash flow hedge accounting treatment. Unrealized gains or losses were recorded in Accumulated Other Comprehensive Income (Loss) on the Consolidated Balance Sheets. Amounts received or paid under the contracts were recognized as interest expense over the life of the contracts.

The derivative instruments described above are on the accompanying Consolidated Statements of Income (in thousands):

	Gain (Loss) Recognized in OCI on Derivatives (Effective Portion) during the Three Months Ended				Location of Loss	Loss Reclassified from Accumulated OCI into Income (Effective Portion) during the Three Months Ended
	June 30, 201 6		June 30, 201 5		Reclassified into Income	June 30, 201 6		June 30, 201 5
Interest rate swaps	$	-	$	117	Interest Expense	$	-	$	(26	)

	Gain (Loss) Recognized in OCI on Derivatives (Effective Portion) during the Six Months Ended				Location of Loss	Loss Reclassified from Accumulated OCI into Income (Effective Portion) during the Six Months Ended
	June 30, 201 6		June 30, 201 5		Reclassified into Income	June 30, 201 6		June 30, 201 5
Interest rate swaps	$	-	$	235	Interest Expense	$	-	$	(55	)

Long-Lived Assets

During the quarter ended March 31, 2016, the Company instituted plans to consolidate its dealership network. The Company recorded an impairment charge related to the value of the real estate in the affected locations in the amount of $7.1 million in the quarter ended March 31, 2016 and $0.4 million in the quarter ended June 30, 2016. The Company also classified certain excess real estate as held for sale, which resulted in an additional impairment charge.

The fair value measurements for the Company’s long-lived assets are based on Level 3 inputs. Fair values were based on evaluations by a third-party real estate broker that utilized its knowledge and historical experience in real estate markets and transactions. The Company is actively marketing the real estate held for sale and plans to sell it within the next year.

The following table presents long-lived assets measured and recorded at fair value on a nonrecurring basis (in thousands):

Description		Fair Value Measurements Using Significant Unobservable Inputs June 30, 2016				Loss during the Three Months Ended June 30, 2016				Loss during the Six Months Ended June 30, 2016
Long-lived assets held for sale		$	20,186			$	(400	)		$	(7,481	)

For further discussion of assets held for sale, see Note 10 – Restructuring Costs of the Notes to Consolidated Financial Statements. For the six months ended June 30, 2016, the loss was reported in selling, general and administrative expenses in the Consolidated Statements of Income and Comprehensive Income and was reported under the Truck Segment.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

Note 7 - Segment Information

6 Months Ended

Jun. 30, 2016

Segment Reporting Disclosure [Text Block]

7 – Segment Information

The Company currently has one reportable business segment, the Truck Segment. The Truck Segment includes the Company’s operation of a 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 body shop 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, 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.

The following table contains summarized information about reportable segment revenue, segment income or loss from continuing operations and segment assets for the periods ended June 30, 2016, and 2015 (in thousands):

	Truck Segment		All Other			Total
As of and for the three months ended June 30, 201 6
Revenues from external customers	$	1,022,547	$	3,915		$	1,026,462
Segment income (loss) before taxes		17,865		(56	)		17,809
Segment assets		2,779,789		32,906			2,812,695

For the six months ended June 30, 201 6
Revenues from external customers	$	2,089,837	$	7,465		$	2,097,302
Segment income (loss) before taxes		22,235		(484	)		21,751

As of and for the three months ended June 30, 201 5
Revenues from external customers	$	1,326,360	$	3,943		$	1,330,303
Segment income (loss) before taxes		32,159		(197	)		31,962
Segment assets		2,715,032		31,984			2,747,016

For the six months ended June 30, 201 5
Revenues from external customers	$	2,516,347	$	7,491		$	2,523,838
Segment income (loss) before taxes		59,911		(561	)		59,350

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.

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+ Details

Note 8 - Income Taxes	6 Months Ended
Note 8 - Income Taxes	Jun. 30, 2016
Notes to Financial Statements
Income Tax Disclosure [Text Block]	8 – Income Taxes The Company had unrecognized income tax benefits totaling $2.3 million as a component of accrued liabilities at June 30, 2016 and December 31, 2015, the total of which, if recognized, would impact its effective tax rate. An unfavorable settlement may require a charge to income tax expense and a favorable resolution would be recognized as a reduction to income tax expense. The Company recognizes interest accrued related to unrecognized tax benefits in income tax expense. No amounts were accrued for penalties. The Company had approximately $110,100 accrued for the payment of interest at June 30, 2016 and December 31, 2015. The Company does not anticipate a significant change in the amount of unrecognized tax benefits in the next 12 months. As of June 30, 2016, the tax years ended December 31, 2012 through 2015 remained subject to audit by federal tax authorities and the tax years ended December 31, 2011 through 2015, remained subject to audit by state tax authorities.

Note 9 - Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2016

Comprehensive Income (Loss) Note [Text Block]

9 – Accumulated Other Comprehensive Income

(Loss)

The following tables show the components of accumulated other comprehensive loss, net of tax (in thousands):

	Three Months Ended June 30, 2016
	Cash Flow Swaps		Available for Sale Securities			Total
Balance at March 31, 2016	$	−	$	(305	)	$	(305	)
Change in fair value		−		10			10
Income tax deferred		−		−			−
Balance at June 30, 2016	$	−	$	(295	)	$	(295	)

	Three Months Ended June 30, 2015
	Cash Flow Swaps			Available for Sale Securities			Total
Balance at March 31, 2015	$	(71	)	$	(317	)	$	(388	)
Change in fair value		117			19			136
Income tax deferred		(46	)		(7	)		(53	)
Balance at June 30, 2015	$	—		$	(305	)	$	(305	)

	Six Months Ended June 30, 2016
	Cash Flow Swaps		Available for Sale Securities			Total
Balance at December 31, 2015	$	−	$	(305	)	$	(305	)
Change in fair value		−		10			10
Income tax deferred		−		−			−
Balance at June 30, 2016	$	−	$	(295	)	$	(295	)

	Six Months Ended June 30, 2015
	Cash Flow Swaps			Available for Sale Securities			Total
Balance at December 31, 2014	$	(143	)	$	(317	)	$	(460	)
Change in fair value		235			19			254
Income tax deferred		(92	)		(7	)		(99	)
Balance at June 30, 2015	$	—		$	(305	)	$	(305	)

The following table shows the amount of loss reclassified from accumulated other comprehensive loss into earnings (in thousands):

	Three Months Ended					Six Months Ended
	June 30, 2016		June 30, 2015			June 30, 2016		June 30, 2015
Losses on cash flow swaps to:
Interest expense	$	−	$	(26	)	$	−	$	(55	)
Income tax benefit		−		10			−		21
Total reclassifications	$	−	$	(16	)	$	−	$	(34	)

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

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+ Details

Note 10 - Restructuring Costs	6 Months Ended
Note 10 - Restructuring Costs	Jun. 30, 2016
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	10 – Restructuring Costs During the quarter ended March 31, 2016, the Company instituted plans to consolidate its dealership network. The Company incurred pre-tax expense of approximately $8.1 million related to costs associated with the restructuring activities, including asset impairment charges, in the quarter ended March 31, 2016 and $0.9 million in the quarter ended June 30, 2016. The restructuring costs included $3.2 million associated with impairment charges to certain fixed assets and the value of the real estate underlying the affected locations, which was reported in selling, general and administrative expenses in the Consolidated Statements of Income and Comprehensive Income. See Note 6 – Financial Instruments and Fair Value, for further discussion on the impairment charge related to the value of real estate in the affected locations. The restructuring costs also included $0.7 million associated with severance benefits for the reduction of approximately 100 employees, lease cancellation fees and contract termination costs that were reported as selling, general and administrative expenses in the Consolidated Statements of Income and Comprehensive Income. In addition, the Company classified certain excess real estate as held for sale, which resulted in an impairment charge of $5.0 million that was reported in selling, general and administrative expenses in the Consolidated Statements of Income and Comprehensive Income for the six months ended June 30, 2016. As of June 30, 2016, 2016, the real estate associated with the restructuring activities and owned by the Company and the Company’s excess real estate is included in assets held for sale on the Consolidated Balance Sheets. The restructuring costs and the assets held for sale are reported under the Truck Segment.

Note 11 - New Accounting Pronouncements	6 Months Ended
Note 11 - New Accounting Pronouncements	Jun. 30, 2016
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	11 – New Accounting Pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”) issued a new standard that changes the accounting for certain aspects of share-based payments to employees. The new guidance requires excess tax benefits and tax deficiencies to be recorded in the income statement when the awards vest or are settled. In addition, cash flows related to excess tax benefits will no longer be separately classified as a financing activity apart from other income tax cash flows. The standard also allows the Company to repurchase more of an employee’s shares for tax withholding purposes without triggering liability accounting, clarifies that all cash payments made on an employee’s behalf for withheld shares should be presented as a financing activity on its cash flows statement, and provides an accounting policy election to account for forfeitures as they occur. The new standard is effective for the Company beginning January 1, 2017, with early adoption permitted. The Company is currently evaluating the effect that adopting this standard will have on its financial statements and related disclosures. In February 2016, the FASB issued Accounting Standards Update No. 2016-02, “ Leases (Topic 842), ” which is intended to increase the transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. In order to meet that objective, the new standard requires recognition of the assets and liabilities that arise from leases. A lessee will be required to recognize on the balance sheet the assets and liabilities for leases with lease terms of more than 12 months. Accounting by lessors will remain largely unchanged from current U.S. generally accepted accounting principles. The new standard is effective for public companies for fiscal years beginning after December 15, 2018, and interim periods within those years, with early adoption permitted. The Company plans to adopt the standard on January 1, 2019. The Company is still evaluating the effect that adopting this standard will have on its financial statements and related disclosures. In May 2014, the FASB issued Accounting Standards Update No. 2014-09, “Revenue from Contracts with Customers (Topic 606) ,” which replaces existing revenue recognition rules with a comprehensive revenue measurement and recognition standard and expanded disclosure requirements. The new standard becomes effective for annual reporting periods beginning after December 15, 2017, following the July 2015 approval of a one-year deferral of the effective date by the FASB. The Company continues to evaluate the impact of the new standard and available adoption methods. The Company plans to adopt the standard on January 1, 2018. The Company is still evaluating the impact that this standard will have on its consolidated financial statements. In June 2016, the FASB issued Accounting Standards Update No. 2016-13, “ Financial Instruments — Measurement of Credit Losses on Financial Instruments , ” which requires measurement and recognition of expected credit losses for financial assets held. The new standard is effective for the Company beginning January 1, 2020 and the Company is currently evaluating the impact that ASU 2016-13 will have on its consolidated financial statements.

The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6507316

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Direct Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=66092750

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22583-107794

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Indirect Effects of a Change in Accounting Principle
-URI http://asc.fasb.org/extlink&oid=6515603

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22580-107794

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.10-01.(b)(6))
-URI http://asc.fasb.org/extlink&oid=27015980&loc=d3e46468-122699

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Accounting Change
-URI http://asc.fasb.org/extlink&oid=6503790

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=64853466&loc=d3e22499-107794

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Retrospective Application
-URI http://asc.fasb.org/extlink&oid=6523989

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 270
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305

+ Details

Note 12 - Subsequent Event	6 Months Ended
Note 12 - Subsequent Event	Jun. 30, 2016
Notes to Financial Statements
Subsequent Events [Text Block]	12 – Subsequent Event On July 7, 2016, we entered into the Third Amended and Restated Credit Agreement (“Floor Plan Credit Agreement”) with BMO Harris Bank N.A. The amendment increased the aggregate loan commitment to $875.0 million. Borrowings under the Floor Plan Credit Agreement bear interest at an annual rate equal to the (A) the greater of (i) zero and (ii) three month LIBOR rate, determined on the last day of the prior month, plus (B) 1.51% and are payable monthly. In addition, the Company is required to pay a monthly working capital fee equal to 0.16% per annum multiplied by the amount of voluntary prepayments of new and used inventory loans. Loans under the Floor Plan Credit Agreement for the purchase of used inventory are limited to $150.0 million. The Company may terminate the Floor Plan Credit Agreement at any time, although if it does so it must pay a prepayment processing fee equal to (i) 2.0% of the aggregate revolving loan commitments if such termination occurs on or before January 1, 2018; (ii) 1.0% of the aggregate revolving loan commitments if such termination occurs after January 1, 2018 and on or prior to July 1, 2018; and (iii) $500,000 if such termination occurs after July 1, 2018 and prior to June 30, 2019, subject to specified limited exceptions. On June 30, 2016, the Company had approximately $658.0 million outstanding under its Second Amended and Restated Credit Agreement with BMO Harris Bank N.A.

Note 4 - Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2016

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Numerator:
Numerator for basic and diluted earnings per share – Net income available to common shareholders	$	10,817	$	19,576	$	13,212	$	36,357
Denominator:
Denominator for basic earnings per share – weighted average shares outstanding		40,250		40,275		40,402		40,171
Effect of dilutive securities–
Employee and director stock options and restricted share awards		528		797		512		858
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions		40,778		41,072		40,914		41,029
Basic earnings per common share	$	.27	$	.49	$	.33	$	.91
Diluted earnings per common share and common share equivalents	$	.27	$	.48	$	.32	$	.89

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Options		2,525		1,234		2,522		1,045

Note 6 - Financial Instruments and Fair Value (Tables)

6 Months Ended

Jun. 30, 2016

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

	At June 30, 2016						At December 31, 2015
	Level 1 Inputs		Level 2 Inputs		Level 3 Inputs		Level 1 Inputs		Level 2 Inputs		Level 3 Inputs
Investment in auction rate securities	$	—	$	—	$	6,417	$	—	$	—	$	6,650

Schedule of Available-for-sale Securities Reconciliation [Table Text Block]

	C ost Basis Amount		Gross Unrealized Loss In Accumulated OCI		Fair Value
June 30, 2016
Investment in auction rate securities	$	6,900	$	483	$	6,417

December 31, 2015
Investment in auction rate securities	$	7,150	$	500	$	6,650

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]

	Gain (Loss) Recognized in OCI on Derivatives (Effective Portion) during the Three Months Ended				Location of Loss	Loss Reclassified from Accumulated OCI into Income (Effective Portion) during the Three Months Ended
	June 30, 201 6		June 30, 201 5		Reclassified into Income	June 30, 201 6		June 30, 201 5
Interest rate swaps	$	-	$	117	Interest Expense	$	-	$	(26	)

	Gain (Loss) Recognized in OCI on Derivatives (Effective Portion) during the Six Months Ended				Location of Loss	Loss Reclassified from Accumulated OCI into Income (Effective Portion) during the Six Months Ended
	June 30, 201 6		June 30, 201 5		Reclassified into Income	June 30, 201 6		June 30, 201 5
Interest rate swaps	$	-	$	235	Interest Expense	$	-	$	(55	)

Fair Value Measurements, Nonrecurring [Table Text Block]

Description		Fair Value Measurements Using Significant Unobservable Inputs June 30, 2016				Loss during the Three Months Ended June 30, 2016				Loss during the Six Months Ended June 30, 2016
Long-lived assets held for sale		$	20,186			$	(400	)		$	(7,481	)

Note 7 - Segment Information (Tables)

6 Months Ended

Jun. 30, 2016

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Truck Segment		All Other			Total
As of and for the three months ended June 30, 201 6
Revenues from external customers	$	1,022,547	$	3,915		$	1,026,462
Segment income (loss) before taxes		17,865		(56	)		17,809
Segment assets		2,779,789		32,906			2,812,695

For the six months ended June 30, 201 6
Revenues from external customers	$	2,089,837	$	7,465		$	2,097,302
Segment income (loss) before taxes		22,235		(484	)		21,751

As of and for the three months ended June 30, 201 5
Revenues from external customers	$	1,326,360	$	3,943		$	1,330,303
Segment income (loss) before taxes		32,159		(197	)		31,962
Segment assets		2,715,032		31,984			2,747,016

For the six months ended June 30, 201 5
Revenues from external customers	$	2,516,347	$	7,491		$	2,523,838
Segment income (loss) before taxes		59,911		(561	)		59,350

Note 9 - Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2016

Reclassifications [Member]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

	Three Months Ended					Six Months Ended
	June 30, 2016		June 30, 2015			June 30, 2016		June 30, 2015
Losses on cash flow swaps to:
Interest expense	$	−	$	(26	)	$	−	$	(55	)
Income tax benefit		−		10			−		21
Total reclassifications	$	−	$	(16	)	$	−	$	(34	)

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

	Three Months Ended June 30, 2016
	Cash Flow Swaps		Available for Sale Securities			Total
Balance at March 31, 2016	$	−	$	(305	)	$	(305	)
Change in fair value		−		10			10
Income tax deferred		−		−			−
Balance at June 30, 2016	$	−	$	(295	)	$	(295	)

	Three Months Ended June 30, 2015
	Cash Flow Swaps			Available for Sale Securities			Total
Balance at March 31, 2015	$	(71	)	$	(317	)	$	(388	)
Change in fair value		117			19			136
Income tax deferred		(46	)		(7	)		(53	)
Balance at June 30, 2015	$	—		$	(305	)	$	(305	)

	Six Months Ended June 30, 2016
	Cash Flow Swaps		Available for Sale Securities			Total
Balance at December 31, 2015	$	−	$	(305	)	$	(305	)
Change in fair value		−		10			10
Income tax deferred		−		−			−
Balance at June 30, 2016	$	−	$	(295	)	$	(295	)

	Six Months Ended June 30, 2015
	Cash Flow Swaps			Available for Sale Securities			Total
Balance at December 31, 2014	$	(143	)	$	(317	)	$	(460	)
Change in fair value		235			19			254
Income tax deferred		(92	)		(7	)		(99	)
Balance at June 30, 2015	$	—		$	(305	)	$	(305	)

Note 2 - Other Assets (Details Textual) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
Note 2 - Other Assets (Details Textual) - USD ($)	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015
Depreciation and Amortization [Member] \| Computer Software, Intangible Asset [Member]
Amortization of Intangible Assets	$ 800,000	$ 800,000	$ 1,700,000	$ 1,600,000
Computer Software, Intangible Asset [Member]
Finite-Lived Intangible Asset, Useful Life			15 years
Other Assets [Member]
Capitalized Computer Software, Net	35,000,000		$ 35,000,000
Indefinite-Lived Franchise Rights	7,000,000		7,000,000		$ 7,900,000
Finite-Lived Intangible Assets, Amortization Expense, Year Two	3,400,000		3,400,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three	3,400,000		3,400,000
Finite-Lived Intangible Assets, Amortization Expense, Year Four	3,400,000		3,400,000
Finite-Lived Intangible Assets, Amortization Expense, Year Five	3,400,000		3,400,000
Goodwill and Intangible Asset Impairment			0	$ 0	$ 0
Capitalized Computer Software, Accumulated Amortization	15,100,000		15,100,000
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	$ 3,400,000		$ 3,400,000

Note 4 - Earnings Per Share Calculation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Numerator for basic and diluted earnings per share – Net income available to common shareholders	$ 10,817	$ 19,576	$ 13,212	$ 36,357
Denominator for basic earnings per share – weighted average shares outstanding (in shares)	40,250	40,275	40,402	40,171
Effect of dilutive securities–Employee and director stock options and restricted share awards (in shares)	528	797	512	858
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions (in shares)	40,778	41,072	40,914	41,029
Basic earnings per common share (in dollars per share)	$ 0.27	$ 0.49	$ 0.33	$ 0.91
Diluted earnings per common share and common share equivalents (in dollars per share)	$ 0.27	$ 0.48	$ 0.32	$ 0.89

The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period.

The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.