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Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

1 – Principles of Consolidation and Basis of Presentation

The interim consolidated financial statements included herein have been prepared by Rush Enterprises, Inc. and its subsidiaries (collectively referred to as the “Company”), without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). All adjustments have been made to the accompanying interim consolidated financial statements, which, in the opinion of the Company’s management, are necessary for a fair presentation of its operating results. All adjustments are of a normal recurring nature. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. It is recommended that these interim consolidated financial statements be read in conjunction with the consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. Results of operations for interim periods are not necessarily indicative of results that may be expected for any other interim periods or the full fiscal year.

Note 2 - Other Assets

9 Months Ended

Sep. 30, 2019

Other Assets Disclosure [Text Block]

2 –Other Assets

ERP Platform

The total capitalized costs of the Company’s SAP enterprise resource planning software platform (“ERP Platform”) of $9.4 million are recorded on the Consolidated Balance Sheet in Other Assets. Amortization expense relating to the ERP Platform, which is recognized in depreciation and amortization expense in the Consolidated Statements of Income and Comprehensive Income, was $0.5 million for the three months ended September 30, 2019 and $0.5 million for the three months ended September 30, 2018, and $1.4 million for the nine months ended September 30, 2019 and $21.2 million for the nine months ended September 30, 2018. The Company estimates that amortization expense relating to the ERP Platform will be approximately $1.9 million for each of the next five years.

In the first quarter of 2018, as part of an assessment that involved a technical feasibility study of the then current ERP Platform, the Company determined that a majority of the components of this ERP Platform would require replacement earlier than originally anticipated; in prior disclosures, the Company had referred to the ERP Platform separately as the SAP enterprise software and SAP dealership management system. In accordance with Accounting Standards Codification (“ASC”) Topic 350-40, in the first quarter of 2018, the Company adjusted the useful life of these components that were replaced so that the respective net book values of the components were fully amortized upon replacement in May 2018. The Company amortized the remaining net book value of the components that were replaced on a straight-line basis in February 2018 through May 2018. The Company recorded amortization expense of $19.9 million in the nine months ended September 30, 2018 related to the components of the ERP Platform that were replaced. The ERP Platform asset and related amortization are reflected in the Truck Segment.

Franchise Rights

The Company’s only significant identifiable intangible assets, other than goodwill, are rights under franchise agreements with manufacturers. The fair value of the franchise right is determined at the acquisition date by discounting the projected cash flows specific to each acquisition. The carrying value of the Company’s manufacturer franchise rights was $7.0 million at September 30, 2019 and December 31, 2018, and is included in Other Assets on the accompanying Consolidated Balance Sheet. The Company has determined that manufacturer franchise rights have an indefinite life, as there are no economic or other factors that limit their useful lives and they are expected to generate cash flows indefinitely due to the historically long lives of the manufacturers’ brand names. Furthermore, to the extent that any agreements evidencing manufacturer franchise rights have expiration dates, the Company expects that it will be able to renew those agreements in the ordinary course of business. Accordingly, the Company does not amortize manufacturer franchise rights.

Due to the fact that manufacturer franchise rights are specific to geographic region, the Company has determined that evaluating and including all locations acquired in the geographic region is the appropriate level for purposes of testing franchise rights for impairment. Management reviews indefinite-lived manufacturer franchise rights for impairment annually during the fourth quarter, or more often if events or circumstances indicate that an impairment may have occurred. The Company is subject to financial statement risk to the extent that manufacturer franchise rights become impaired due to decreases in the fair market value of its individual franchises.

The significant estimates and assumptions used by management in assessing the recoverability of manufacturer franchise rights include estimated future cash flows, present value discount rate and other factors. Any changes in these estimates or assumptions could result in an impairment charge. The estimates of future cash flows, based on reasonable and supportable assumptions and projections, require management’s subjective judgment. Depending on the assumptions and estimates used, the estimated future cash flows projected in the evaluations of manufacturer franchise rights can vary within a range of outcomes.

No impairment write down was required in the period presented. The Company cannot predict the occurrence of certain events that might adversely affect the reported value of manufacturer franchise rights in the future.

Equity Method Investment and Call Option

On February 25, 2019, the Company acquired a 50% equity interest in Rush Truck Centres of Canada Limited (“RTC Canada”), which acquired the operating assets of Tallman Group, the largest International Truck dealer in Canada. The Company was also granted a call option in the purchase agreement that provides the Company with the right to acquire the remaining 50% equity interest in RTC Canada until the close of business on February 25, 2024. The value of the Company’s call option was $3.6 million as of September 30, 2019, and is reported in Other Assets on the Consolidated Balance Sheet.

On April 25, 2019, the Company entered into a Guaranty Agreement (“Guaranty”) with Bank of Montreal (“BMO”), pursuant to which the Company agreed to guaranty up to CAD250 million (the “Guaranty Cap”) of certain credit facilities entered into by and between Tallman Truck Centre Limited (“TTCL”) and BMO. TTCL is a subsidiary of RTC Canada, of which the Company owns a 50% equity interest. Interest, fees and expenses incurred by BMO to enforce its rights with respect to the guaranteed obligations and its rights against the Company under the Guaranty are not subject to the Guaranty Cap. In exchange for the Guaranty, TTCL is receiving a reduced rate of interest on its credit facilities with BMO. The Guaranty was valued at $5.0 million as of September 30, 2019 and is included in the investment in RTC Canada. As of September 30, 2019, the Company’s investment in RTC Canada is $25.2 million. The Company’s equity income in RTC Canada is included in Other income on the Consolidated Statements of Income and Comprehensive Income.

Note 3 - Commitments and Contingencies

9 Months Ended

Sep. 30, 2019

Commitments and Contingencies Disclosure [Text Block]

3 – Commitments and Contingencies

From time to time, the Company is involved in litigation arising out of its operations in the ordinary course of business. The Company maintains liability insurance, including product liability coverage, in amounts deemed adequate by management. To date, aggregate costs to us for claims, including product liability actions, have not been material. However, an uninsured or partially insured claim, or claim for which indemnification is not available, could have a material adverse effect on the Company’s financial condition or results of operations. The Company believes that there are no claims or litigation pending, the outcome of which could have a material adverse effect on its financial position or results of operations. However, due to the inherent uncertainty of litigation, there can be no assurance that the resolution of any particular claim or proceeding would not have a material adverse effect on the Company’s financial condition or results of operations for the fiscal period in which such resolution occurred.

Note 4 - Earnings Per Share

9 Months Ended

Sep. 30, 2019

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 information):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Numerator:
Numerator for basic and diluted earnings per share – Net income available to common shareholders	$	39,104	$	41,665	$	117,829	$	92,093
Denominator:
Denominator for basic earnings per share – weighted average shares outstanding		36,545		39,309		36,744		39,480
Effect of dilutive securities – Employee and director stock options and restricted share awards		806		1,079		881		1,155
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions		37,351		40,388		37,625		40,635
Basic earnings per common share	$	1.07	$	1.06	$	3.21	$	2.33
Diluted earnings per common share and common share equivalents	$	1.05	$	1.03	$	3.13	$	2.27

Options to purchase shares of common stock that were outstanding for the three months and nine months ended September 30, 2019 and 2018 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

September 30,

Nine Months Ended

September 30,

2019

2018

2019

2018

Weighted average anti-dilutive options

1,377

455

1,249

432

Note 5 - Stock Options and Restricted Stock Awards

9 Months Ended

Sep. 30, 2019

Share-based Payment Arrangement [Text Block]

5 – Stock Options and Restricted Stock Awards

Valuation and Expense Information

The Company accounts for stock-based compensation in accordance with 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 stock unit 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 $2.7 million for the three months ended September 30, 2019, and $2.0 million for the three months ended September 30, 2018. Stock-based compensation expense for the nine months ended September 30, 2019 and nine months ended September 30, 2018, was $15.8 million.

As of September 30, 2019, the Company had $9.3 million of unrecognized compensation expense related to non-vested employee stock options to be recognized over a weighted-average period of 2.4 years and $9.8 million of unrecognized compensation cost related to non-vested restricted stock units and non-vested restricted stock awards to be recognized over a weighted-average period of 1.4 years.

Note 6 - Financial Instruments and Fair Value

9 Months Ended

Sep. 30, 2019

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 on 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 on 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 September 30, 2019, and December 31, 2018. 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.

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.

+ References + Details

Note 7 - Segment Information

9 Months Ended

Sep. 30, 2019

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 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 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 following table contains summarized information about reportable segment revenues, segment income or loss from continuing operations and segment assets for the periods ended September 30, 2019 and 2018 (in thousands):

	Truck Segment		All Other			Total

As of and for the three months ended September 30, 2019

Revenues from external customers	$	1,595,285	$	3,980		$	1,599,265
Segment operating income (loss)		58,642		(319	)		58,323
Segment income before taxes		51,250		960			52,210
Segment assets		3,364,895		40,359			3,405,254

For the nine months ended September 30, 2019

Revenues from external customers	$	4,479,972	$	12,171		$	4,492,143
Segment operating income		176,963		19			176,982
Segment income before taxes		155,024		1,154			156,178

As of and for the three months ended September 30, 2018

Revenues from external customers	$	1,371,472	$	4,664		$	1,376,136
Segment operating income (loss)		58,665		(16	)		58,649
Segment income (loss) before taxes		54,250		(69	)		54,181
Segment assets		3,152,204		37,599			3,189,803

For the nine months ended September 30, 2018

Revenues from external customers	$	3,952,396	$	13,352		$	3,965,748
Segment operating income		134,151		313			134,464
Segment income before taxes		121,037		159			121,196

Note 8 - Income Taxes

9 Months Ended

Sep. 30, 2019

Income Tax Disclosure [Text Block]

8 – Income Taxes

The Company had unrecognized income tax benefits totaling $2.4 million as a component of accrued liabilities at September 30, 2019 and December 31, 2018, the total of which, if recognized, would impact the Company’s 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. The Company had approximately $139,000 accrued for the payment of interest at September 30, 2019 and December 31, 2018. No amounts were accrued for penalties.

The Company does not anticipate a significant change in the amount of unrecognized tax benefits in the next twelve months. As of September 30, 2019, the tax years ended December 31, 2017 through 2018 remain subject to audit by federal tax authorities and the tax years ended December 31, 2014 through 2018 remain subject to audit by state tax authorities.

The Company adopted ASU 2016-09 on January 1, 2017, which requires excess tax benefits and tax deficiencies to be recognized as income tax benefit or expense in the income statement and presented as an operating activity in the statement of cash flows when the awards are vested or are settled. The Company recognized a tax benefit for an equity compensation excess tax benefit of $405,000 in the third quarter of 2019 and $92,000 in the third quarter of 2018. The Company recognized a tax benefit for an equity compensation excess tax benefit of $467,000 in the first nine months of 2019 and $249,000 in the first nine months of 2018.

Note 9 - Revenue

9 Months Ended

Sep. 30, 2019

Revenue from Contract with Customer [Text Block]

9 – Revenue

The Company’s revenues are primarily generated from the sale of finished products to customers. Those sales predominantly contain a single delivery element and revenue for such sales is recognized when the customer obtains control, which is typically when the finished product is delivered to the customer. The Company’s material revenue streams have been identified as the following: the sale of new and used commercial vehicles, arrangement of associated commercial vehicle financing and insurance contracts, the performance of commercial vehicle repair services and the sale of commercial vehicle parts. Taxes collected from customers relating to product sales and remitted to governmental authorities are excluded from revenues.

The following table summarizes the Company’s disaggregated revenue by revenue source for the three months and nine months ended September 30, 2019 and 2018 (in thousands):

	Three Months Ended				Nine Months Ended
	September 30, 2019		September 30, 2018		September 30, 2019		September 30, 2018
Commercial vehicle sales revenue	$	1,070,868	$	878,845	$	2,933,952	$	2,508,970
Parts revenue		258,513		239,401		760,495		699,823
Commercial vehicle repair service revenue		196,272		187,444		580,810		550,257
Finance revenue		3,570		2,628		11,223		7,826
Insurance revenue		2,293		2,425		7,651		7,460
Other revenue		4,800		4,568		14,039		14,070
Total	$	1,536,316	$	1,315,311	$	4,308,170	$	3,788,406

All of the Company's performance obligations and associated revenues are generally transferred to customers at a point in time. The Company does not have any material contract assets or contract liabilities on the balance sheet as of September 30, 2019. Revenues related to commercial vehicle sales, parts sales, commercial vehicle repair service, finance and the majority of other revenues are related to the Truck Segment.

Note 10 - Leases

9 Months Ended

Sep. 30, 2019

Leases of Lessee and Lessor Disclosure [Text Block]

10 – Leases

In February 2016, the Financial Accounting Standards Board issued ASU No. 2016-02, “Leases (“Topic 842”),” which was 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. The standard requires lessees to record assets and liabilities on the balance sheet for all leases with terms longer than twelve months. Leases are classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement.

A lease is classified as a finance lease if any of the following conditions exist on the date of lease commencement:

●

The lease transfers ownership of the underlying asset to the lessee by the end of the lease term.

●

The lease provides the lessee an option to purchase the underlying asset, and that option is reasonably certain to be exercised.

●

The lease term is for the major part of the remaining economic life of the underlying asset.

●

The present value of the lease payments equals or exceeds substantially all of the fair value of the underlying asset.

●

The underlying asset is of such a specialized nature that only the lessee can use it without major modifications.

●

The lessor expects to have no alternative use for the leased asset at the end of the lease.

The Company adopted Topic 842 on January 1, 2019. The Company applied a modified retrospective transition approach for all leases existing at, or entered into after, January 1, 2019. The Consolidated Financial Statements for the three and nine months ended September 30, 2019 are presented under the new standard, while the comparative three and nine months ended September 30, 2018 are not adjusted and continue to be reported in accordance with the Company’s historical accounting policy. The Company applied the practical expedients permitted within Topic 842, which among other things, allows it to retain its existing assessment of whether an arrangement is, or contains, a lease and whether such lease is classified as an operating or finance lease. The Company made an accounting policy election that keeps leases with an initial term of twelve months or less off of the balance sheet and results in recognizing those lease payments in the Consolidated Statements of Income and Comprehensive Income on a straight-line basis over the lease term.

The Company leases commercial vehicles and real estate under finance and operating leases. The Company determines whether an arrangement is a lease at its inception. For leases with terms greater than twelve months, the Company records the related asset and obligation at the present value of lease payments over the term. Many of the Company’s leases include renewal options and/or termination options that are factored into its determination of lease payments when appropriate. The Company has elected not to account for lease and nonlease components as a single combined lease component as lessee.

When available, the Company uses the rate implicit in the lease to discount lease payments to present value; however, most of its leases do not provide a readily determinable implicit rate. Therefore, the Company must estimate its incremental borrowing rate to discount the lease payments based on information available at lease commencement.

Lease of Vehicles as Lessee

The Company leases commercial vehicles as the lessee under finance leases and operating leases. The lease terms vary from one month to ten years. Commercial vehicle finance leases continue to be reported on the Consolidated Balance Sheet, while operating leases were added to the Consolidated Balance Sheet in 2019 with the adoption of Topic 842. These vehicles are then subleased or rented by the Company to customers under various agreements. The Company received sublease income under non-cancelable subleases of $5.9 million for the three months ended September 30, 2019, and $17.7 million for the nine months ended September 30, 2019.

The Company usually guarantees the residual value of vehicles under operating lease and finance lease arrangements. At September 30, 2019, the Company guaranteed commercial vehicle residual values of approximately $43.5 million under operating lease and finance lease arrangements.

Lease of Facilities as Lessee

The Company’s facility leases are classified as operating leases and primarily reflect its use of dealership facilities and office space. The lease terms vary from one year to 88 years, some of which include options to extend the lease term, and some of which include options to terminate the lease within one year. The Company considers these options in determining the lease term used to establish its right-of-use assets and lease liabilities.

Components of lease cost are as follows (in thousands):

		Three Months Ended		Nine Months Ended
Component	Classification	September 30, 2019		September 30, 2019
Operating lease cost	SG&A expense	$	3,524	$	10,102
Finance lease cost – amortization of right-of-use assets	Depreciation and amortization		3,614		10,477
Finance lease cost – interest on lease liabilities	Interest expense		910		2,386
Short-term lease cost	SG&A expense		32		566

Supplemental cash flow information and non-cash activity related to operating and finance leases are as follows (in thousands):

	Nine Months Ended
	September 30, 2019
Operating cash flow information:
Cash paid for amounts included in the measurement of lease liabilities	$	12,488
Financing cash flow information:
Cash paid for amounts included in the measurement of lease liabilities	$	7,508
Non-cash activity:
Operating lease right-of-use assets obtained in exchange for lease obligations	$	56,372

Weighted-average remaining lease term and discount rate for operating and finance leases are as follows:

	September 30, 2019
Weighted-average remaining lease term (in months)	70
Weighted-average discount rate		4.5	%

Maturities of lease liabilities by fiscal year for finance leases and operating leases are as follows (in thousands):

	Finance Leases			Operating Leases
2019^(a)	$	7,810		$	3,391
2020		22,559			12,025
2021		17,928			10,097
2022		14,114			8,974
2023		8,850			7,611
2024 and beyond		14,996			31,424
Total lease payments	$	86,257		$	73,522
Less: Imputed interest		(8,185	)		(16,836	)
Present value of lease liabilities	$	78,072		$	56,686

(a) Excluding the nine months ended September 30, 2019

Lease of Vehicles as Lessor

The Company leases commercial vehicles that the Company owns to customers primarily over periods of one to ten years. The Company applied the practical expedient permitted within Topic 842 that allows it not to separate lease and nonlease components. Nonlease components typically consist of maintenance and licensing for the commercial vehicle. Some leases contain an option for the lessee to purchase the commercial vehicle.

The Company’s policy is to depreciate its lease and rental fleet using a straight-line method over each customer’s contractual lease term. The lease unit is depreciated to a residual value that approximates fair value at the expiration of the lease term. This policy results in the Company realizing reasonable gross margins while the unit is in service and a corresponding gain or loss on sale when the unit is sold at the end of the lease term.

Sales-type leases are recognized by the Company as lease receivables. The lessee obtains control of the underlying asset and the Company recognizes sales revenue upon lease commencement. The receivable for sales-type leases at September 30, 2019 in the amount of $5.2 million is reflected in Other Assets on the Consolidated Balance Sheet.

Minimum rental payments to be received for non-cancelable leases and subleases in effect as of September 30, 2019, are as follows (in thousands):

2019^(a)	$	33,641
2020		119,913
2021		92,496
2022		68,141
2023		46,656
Thereafter		41,986
Total	$	402,833

(a) Excluding the nine months ended September 30, 2019

Rental income during the three and nine months ended September 30, 2019, and September 30, 2018, consisted of the following (in thousands):

	Three Months Ended				Nine Months Ended
	September 30, 2019		September 30, 2018		September 30, 2019		September 30, 2018
Minimum rental payments	$	55,139	$	53,312	$	161,708	$	155,726
Nonlease payments		7,970		7,641		22,848		22,360
Total	$	63,109	$	60,953	$	184,556	$	178,086

As of December 31, 2018, minimum lease payments under non-cancelable finance leases and operating leases by period were expected to be as follows (in thousands):

	Finance Leases			Operating Leases
2019	$	22,033		$	12,295
2020		19,113			10,466
2021		14,894			8,190
2022		11,062			7,078
2023		5,095			5,196
Thereafter		2,963			22,463
Total lease payments	$	75,160		$	65,688
Less: Imputed interest		(6,046	)
Present value of lease liabilities	$	69,114

Note 11 - Shareholders' Equity

9 Months Ended

Sep. 30, 2019

Stockholders' Equity Note Disclosure [Text Block]

11 – Shareholders’ Equity

The Company declared and paid a $0.12 per common share cash dividend in the first and second quarter of 2019 and a $0.13 per common share cash dividend in the third quarter of 2019. Future dividends are subject to declaration by the Company’s Board of Directors.

Common Stock

Accumulated

Outstanding

$0.01

Par

Additional

Pain-In

Treasury

Retained

Other

Comprehensive

(in thousands)

Class A

Class B

Value

Capital

Stock

Earnings

Income

Total

Balance, December 31, 2018

28,710

8,290

458

370,025

(245,842

)

942,287

–

1,066,928

Stock options exercised and stock awards

–

1,230

–

1,231

Stock-based compensation related to stock options, restricted shares and employee stock purchase plan

–

8,836

–

8,836

Vesting of restricted share awards

–

226

(2,317

)

–

(2,315

)

Issuance of common stock under employee stock purchase plan

–

1,680

–

1,681

Common stock repurchases

(639

)

(53

)

–

(26,048

)

–

(26,048

)

Dividend Class A common stock

–

(3,389

)

–

(3,389

)

Dividend Class B common stock

–

(991

)

–

(991

)

Other comprehensive income

–

384

Net income

–

37,104

–

37,104

Balance, March 31, 2019

28,187

8,463

462

379,454

(271,890

)

975,011

384

1,083,421

Stock options exercised and stock awards

–

1,745

–

1,745

Stock-based compensation related to stock options, restricted shares and employee stock purchase plan

–

4,258

–

4,258

Vesting of restricted share awards

–

(517

)

–

(517

)

Issuance of common stock under employee stock purchase plan

–

Common stock repurchases

(251

)

(67

)

–

(12,062

)

–

(12,062

)

Dividend Class A common stock

–

(3,387

)

–

(3,387

)

Dividend Class B common stock

–

(1,050

)

–

(1,050

)

Other comprehensive income

–

(505

)

(505

)

Net income

–

41,621

–

41,621

Balance, June 30, 2019

28,023

8,396

462

384,940

(283,952

)

1,012,195

(121

)

1,113,524

Stock options exercised and stock awards

–

904

–

904

Stock-based compensation related to stock options, restricted shares and employee stock purchase plan

–

2,709

–

2,709

Vesting of restricted share awards

–

Issuance of common stock under employee stock purchase plan

–

1,806

–

1,807

Common stock repurchases

(313

)

(112

)

–

(16,089

)

–

(16,089

)

Dividend Class A common stock

–

(3,637

)

–

(3,637

)

Dividend Class B common stock

–

(1,124

)

–

(1,124

)

Other comprehensive income

–

Net income

–

39,104

–

39,104

Balance, September 30, 2019

27,806

8,284

463

390,359

(300,041

)

1,046,538

(66

)

1,137,253

	Common Stock
	Shares Outstanding						$0.01 Par		Additional Paid-In			Treasury			Retained
(in thousands)	Class A			Class B			Value		Capital			Stock			Earnings			Total

Balance, December 31, 2017		31,345			8,469		$	454	$	348,044		$	(120,682	)	$	812,557		$	1,040,373

Stock options exercised and stock awards		30			–			–		766			–			–			766
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan		–			–			–		7,893			–			–			7,893
Vesting of restricted share awards		1			226			2		(1,621	)		–			–			(1,619	)
Issuance of common stock under employee stock purchase plan		41			–			1		1,353			–			–			1,354
Common stock repurchases		(834	)		(72	)		–		–			(38,137	)		–			(38,137	)
Net income		–			–			–		–			–			21,039			21,039
Balance, March 31, 2018		30,583			8,623		$	457	$	356,435		$	(158,819	)	$	833,596		$	1,031,669
Stock options exercised and stock awards		64			–			–		1,184			–			–			1,184
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan		–			–			–		5,949			–			–			5,949
Vesting of restricted share awards		–			1			–		(128	)		–			–			(128	)
Common stock repurchases		–			(194	)		–		–			(7,985	)		–			(7,985	)
Net income		–			–			–		–			–			29,389			29,389
Balance, June 30, 2018		30,647			8,430		$	457	$	363,440		$	(166,804	)	$	862,985		$	1,060,078
Stock options exercised and stock awards		32			–			–		630			–			–			630
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan		–			–			–		2,008			–			–			2,008
Issuance of common stock under employee stock purchase plan		43			–			1		1,576			–			–			1,577
Common stock repurchases		(220	)		(71	)		–		–			(12,107	)		–			(12,107	)
Dividend Class A common stock		–			–			–		–			–			(3,683	)		(3,683	)
Dividend Class B common stock		–			–			–		–			–			(1,009	)		(1,009	)
Net income		–			–			–		–			–			41,665			41,665
Balance, September 30, 2018		30,502			8,359		$	458	$	367,654		$	(178,911	)	$	899,958		$	1,089,159

Note 12 - Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2019

Comprehensive Income (Loss) Note [Text Block]

12 – Accumulated Other Comprehensive Income

The following table shows the components of accumulated other comprehensive loss (in thousands):

Balance as of December 31, 2018	$	-
Foreign currency translation adjustment		384
Balance at March 31, 2019	$	384
Foreign currency translation adjustment		(505	)
Balance at June 30, 2019	$	(121	)
Foreign currency translation adjustment		55
Balance at September 30, 2019		(66	)

The equity method investment in RTC Canada was valued using the Canadian exchange rate of 1.3221 at September 30, 2019. The adjustment is reflected in Other Assets on the Consolidated Balance Sheet.

Note 13 - New Accounting Pronouncements

9 Months Ended

Sep. 30, 2019

New Accounting Pronouncements and Changes in Accounting Principles [Text Block]

13 – New Accounting Pronouncements

In June 2016, the FASB issued ASU No. 2016-13, "Financial Instruments - Credit Losses (Topic 326)," which modifies the measurement of expected credit losses of certain financial instruments. Credit losses on trade and other receivables, held-to-maturity debt securities, and other instruments will reflect the Company's current estimate of the expected credit losses and will generally result in the earlier recognition of allowance for losses. The new guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, with early adoption permitted. The Company is currently evaluating the impact of and approach to adopting this new accounting guidance and does not expect the adoption of this standard to have a material impact on its consolidated financial statements.

Note 4 - Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2019

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Numerator:
Numerator for basic and diluted earnings per share – Net income available to common shareholders	$	39,104	$	41,665	$	117,829	$	92,093
Denominator:
Denominator for basic earnings per share – weighted average shares outstanding		36,545		39,309		36,744		39,480
Effect of dilutive securities – Employee and director stock options and restricted share awards		806		1,079		881		1,155
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions		37,351		40,388		37,625		40,635
Basic earnings per common share	$	1.07	$	1.06	$	3.21	$	2.33
Diluted earnings per common share and common share equivalents	$	1.05	$	1.03	$	3.13	$	2.27

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

Three Months Ended

September 30,

Nine Months Ended

September 30,

2019

2018

2019

2018

Weighted average anti-dilutive options

1,377

455

1,249

432

Note 7 - Segment Information (Tables)

9 Months Ended

Sep. 30, 2019

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

	Truck Segment		All Other			Total

As of and for the three months ended September 30, 2019

Revenues from external customers	$	1,595,285	$	3,980		$	1,599,265
Segment operating income (loss)		58,642		(319	)		58,323
Segment income before taxes		51,250		960			52,210
Segment assets		3,364,895		40,359			3,405,254

For the nine months ended September 30, 2019

Revenues from external customers	$	4,479,972	$	12,171		$	4,492,143
Segment operating income		176,963		19			176,982
Segment income before taxes		155,024		1,154			156,178

As of and for the three months ended September 30, 2018

Revenues from external customers	$	1,371,472	$	4,664		$	1,376,136
Segment operating income (loss)		58,665		(16	)		58,649
Segment income (loss) before taxes		54,250		(69	)		54,181
Segment assets		3,152,204		37,599			3,189,803

For the nine months ended September 30, 2018

Revenues from external customers	$	3,952,396	$	13,352		$	3,965,748
Segment operating income		134,151		313			134,464
Segment income before taxes		121,037		159			121,196

Note 9 - Revenue (Tables)

9 Months Ended

Sep. 30, 2019

Disaggregation of Revenue [Table Text Block]

	Three Months Ended				Nine Months Ended
	September 30, 2019		September 30, 2018		September 30, 2019		September 30, 2018
Commercial vehicle sales revenue	$	1,070,868	$	878,845	$	2,933,952	$	2,508,970
Parts revenue		258,513		239,401		760,495		699,823
Commercial vehicle repair service revenue		196,272		187,444		580,810		550,257
Finance revenue		3,570		2,628		11,223		7,826
Insurance revenue		2,293		2,425		7,651		7,460
Other revenue		4,800		4,568		14,039		14,070
Total	$	1,536,316	$	1,315,311	$	4,308,170	$	3,788,406

Note 10 - Leases (Tables)

9 Months Ended

Sep. 30, 2019

Lease, Cost [Table Text Block]

		Three Months Ended		Nine Months Ended
Component	Classification	September 30, 2019		September 30, 2019
Operating lease cost	SG&A expense	$	3,524	$	10,102
Finance lease cost – amortization of right-of-use assets	Depreciation and amortization		3,614		10,477
Finance lease cost – interest on lease liabilities	Interest expense		910		2,386
Short-term lease cost	SG&A expense		32		566

	Nine Months Ended
	September 30, 2019
Operating cash flow information:
Cash paid for amounts included in the measurement of lease liabilities	$	12,488
Financing cash flow information:
Cash paid for amounts included in the measurement of lease liabilities	$	7,508
Non-cash activity:
Operating lease right-of-use assets obtained in exchange for lease obligations	$	56,372

	September 30, 2019
Weighted-average remaining lease term (in months)	70
Weighted-average discount rate		4.5	%

Lessee, Lease Liability, Maturity [Table Text Block]

	Finance Leases			Operating Leases
2019^(a)	$	7,810		$	3,391
2020		22,559			12,025
2021		17,928			10,097
2022		14,114			8,974
2023		8,850			7,611
2024 and beyond		14,996			31,424
Total lease payments	$	86,257		$	73,522
Less: Imputed interest		(8,185	)		(16,836	)
Present value of lease liabilities	$	78,072		$	56,686

Lessor, Operating Lease, Payments to be Received, Maturity [Table Text Block]

2019^(a)	$	33,641
2020		119,913
2021		92,496
2022		68,141
2023		46,656
Thereafter		41,986
Total	$	402,833

Leases, Lease Income [Table Text Block]

	Three Months Ended				Nine Months Ended
	September 30, 2019		September 30, 2018		September 30, 2019		September 30, 2018
Minimum rental payments	$	55,139	$	53,312	$	161,708	$	155,726
Nonlease payments		7,970		7,641		22,848		22,360
Total	$	63,109	$	60,953	$	184,556	$	178,086

Schedule of Future Minimum Lease Payments for Capital Leases and Operating Leases [Table Text Block]

	Finance Leases			Operating Leases
2019	$	22,033		$	12,295
2020		19,113			10,466
2021		14,894			8,190
2022		11,062			7,078
2023		5,095			5,196
Thereafter		2,963			22,463
Total lease payments	$	75,160		$	65,688
Less: Imputed interest		(6,046	)
Present value of lease liabilities	$	69,114

Note 11 - Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Stockholders Equity [Table Text Block]

Common Stock

Accumulated

Outstanding

$0.01

Par

Additional

Pain-In

Treasury

Retained

Other

Comprehensive

(in thousands)

Class A

Class B

Value

Capital

Stock

Earnings

Income

Total

Balance, December 31, 2018

28,710

8,290

458

370,025

(245,842

)

942,287

–

1,066,928

Stock options exercised and stock awards

–

1,230

–

1,231

Stock-based compensation related to stock options, restricted shares and employee stock purchase plan

–

8,836

–

8,836

Vesting of restricted share awards

–

226

(2,317

)

–

(2,315

)

Issuance of common stock under employee stock purchase plan

–

1,680

–

1,681

Common stock repurchases

(639

)

(53

)

–

(26,048

)

–

(26,048

)

Dividend Class A common stock

–

(3,389

)

–

(3,389

)

Dividend Class B common stock

–

(991

)

–

(991

)

Other comprehensive income

–

384

Net income

–

37,104

–

37,104

Balance, March 31, 2019

28,187

8,463

462

379,454

(271,890

)

975,011

384

1,083,421

Stock options exercised and stock awards

–

1,745

–

1,745

Stock-based compensation related to stock options, restricted shares and employee stock purchase plan

–

4,258

–

4,258

Vesting of restricted share awards

–

(517

)

–

(517

)

Issuance of common stock under employee stock purchase plan

–

Common stock repurchases

(251

)

(67

)

–

(12,062

)

–

(12,062

)

Dividend Class A common stock

–

(3,387

)

–

(3,387

)

Dividend Class B common stock

–

(1,050

)

–

(1,050

)

Other comprehensive income

–

(505

)

(505

)

Net income

–

41,621

–

41,621

Balance, June 30, 2019

28,023

8,396

462

384,940

(283,952

)

1,012,195

(121

)

1,113,524

Stock options exercised and stock awards

–

904

–

904

Stock-based compensation related to stock options, restricted shares and employee stock purchase plan

–

2,709

–

2,709

Vesting of restricted share awards

–

Issuance of common stock under employee stock purchase plan

–

1,806

–

1,807

Common stock repurchases

(313

)

(112

)

–

(16,089

)

–

(16,089

)

Dividend Class A common stock

–

(3,637

)

–

(3,637

)

Dividend Class B common stock

–

(1,124

)

–

(1,124

)

Other comprehensive income

–

Net income

–

39,104

–

39,104

Balance, September 30, 2019

27,806

8,284

463

390,359

(300,041

)

1,046,538

(66

)

1,137,253

	Common Stock
	Shares Outstanding						$0.01 Par		Additional Paid-In			Treasury			Retained
(in thousands)	Class A			Class B			Value		Capital			Stock			Earnings			Total

Balance, December 31, 2017		31,345			8,469		$	454	$	348,044		$	(120,682	)	$	812,557		$	1,040,373

Stock options exercised and stock awards		30			–			–		766			–			–			766
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan		–			–			–		7,893			–			–			7,893
Vesting of restricted share awards		1			226			2		(1,621	)		–			–			(1,619	)
Issuance of common stock under employee stock purchase plan		41			–			1		1,353			–			–			1,354
Common stock repurchases		(834	)		(72	)		–		–			(38,137	)		–			(38,137	)
Net income		–			–			–		–			–			21,039			21,039
Balance, March 31, 2018		30,583			8,623		$	457	$	356,435		$	(158,819	)	$	833,596		$	1,031,669
Stock options exercised and stock awards		64			–			–		1,184			–			–			1,184
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan		–			–			–		5,949			–			–			5,949
Vesting of restricted share awards		–			1			–		(128	)		–			–			(128	)
Common stock repurchases		–			(194	)		–		–			(7,985	)		–			(7,985	)
Net income		–			–			–		–			–			29,389			29,389
Balance, June 30, 2018		30,647			8,430		$	457	$	363,440		$	(166,804	)	$	862,985		$	1,060,078
Stock options exercised and stock awards		32			–			–		630			–			–			630
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan		–			–			–		2,008			–			–			2,008
Issuance of common stock under employee stock purchase plan		43			–			1		1,576			–			–			1,577
Common stock repurchases		(220	)		(71	)		–		–			(12,107	)		–			(12,107	)
Dividend Class A common stock		–			–			–		–			–			(3,683	)		(3,683	)
Dividend Class B common stock		–			–			–		–			–			(1,009	)		(1,009	)
Net income		–			–			–		–			–			41,665			41,665
Balance, September 30, 2018		30,502			8,359		$	458	$	367,654		$	(178,911	)	$	899,958		$	1,089,159

Note 12 - Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2019

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

Balance as of December 31, 2018	$	-
Foreign currency translation adjustment		384
Balance at March 31, 2019	$	384
Foreign currency translation adjustment		(505	)
Balance at June 30, 2019	$	(121	)
Foreign currency translation adjustment		55
Balance at September 30, 2019		(66	)

Note 2 - Other Assets (Details Textual) $ in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019 USD ($)	Sep. 30, 2018 USD ($)	Sep. 30, 2019 USD ($)	Sep. 30, 2018 USD ($)	Apr. 25, 2019 CAD ($)	Feb. 25, 2019	Dec. 31, 2018 USD ($)
Capitalized Computer Software, Net, Ending Balance	$ 9,400		$ 9,400
Capitalized Computer Software, Amortization	500	$ 500	1,400	$ 21,200
Indefinite-Lived Franchise Rights	7,000		7,000				$ 7,000
Goodwill and Intangible Asset Impairment, Total			0
Financial Guarantee [Member]
Guarantor Obligations, Maximum Exposure, Undiscounted					$ 250
Other Noncurrent Liabilities [Member] \| Financial Guarantee [Member]
Guarantor Obligations, Current Carrying Value	5,000		5,000
Rush Truck Centres of Canada Limited [Member]
Equity Method Investment, Ownership Percentage						50.00%
Rush Truck Centres of Canada Limited [Member] \| Other Assets [Member]
Equity Method Investments	25,200		25,200
Rush Truck Centres of Canada Limited [Member] \| Call Option [Member]
Equity Method Investment, Remaining Ownership Percentage Not Yet Acquired						50.00%
Rush Truck Centres of Canada Limited [Member] \| Call Option [Member] \| Other Assets [Member]
Call Option, Fair Value Disclosure	3,600		3,600
Computer Software, Intangible Asset [Member]
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	1,900		1,900
Finite-Lived Intangible Assets, Amortization Expense, Year Two	1,900		1,900
Finite-Lived Intangible Assets, Amortization Expense, Year Three	1,900		1,900
Finite-Lived Intangible Assets, Amortization Expense, Year Four	1,900		1,900
Finite-Lived Intangible Assets, Amortization Expense, Year Five	$ 1,900		$ 1,900
Components of ERP Platform Rquired Replacement [Member]
Capitalized Computer Software, Amortization				$ 19,900

Note 4 - Earnings Per Share - Earnings Per Share Calculation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Numerator for basic and diluted earnings per share – Net income available to common shareholders	$ 39,104	$ 41,665	$ 117,829	$ 92,093
Denominator for basic earnings per share – weighted average shares outstanding (in shares)	36,545	39,309	36,744	39,480
Effect of dilutive securities – Employee and director stock options and restricted share awards (in shares)	806	1,079	881	1,155
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions (in shares)	37,351	40,388	37,625	40,635
Basic earnings per common share (in dollars per share)	$ 1.07	$ 1.06	$ 3.21	$ 2.33
Diluted earnings per common share and common share equivalents (in dollars per share)	$ 1.05	$ 1.03	$ 3.13	$ 2.27

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

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+ Details

2024 and beyond, finance leases

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.

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-Name Accounting Standards Codification
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-SubTopic 10
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (d)
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-Topic 220
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-Paragraph 2
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+ Details

Note 4 - Earnings Per Share - Anti-dilutive Securities (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Weighted average anti-dilutive options (in shares)	1,377	455	1,249	432

Note 5 - Stock Options and Restricted Stock Awards (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Share-based Payment Arrangement, Option [Member]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 9.3		$ 9.3
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition			2 years 4 months 24 days
Share-based Payment Arrangement, Option [Member] \| Selling, General and Administrative Expenses [Member]
Share-based Payment Arrangement, Expense	2.7	$ 2.0	$ 15.8	$ 15.8
Restricted Stock Units (RSUs) [Member]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 9.8		$ 9.8
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition			1 year 4 months 24 days

Note 7 - Segment Information (Details Textual)	9 Months Ended
Note 7 - Segment Information (Details Textual)	Sep. 30, 2019
Truck Segment [Member]
Number of Reportable Segments	1
Other Segments [Member]
Number of Operating Segments	3

Note 7 - Segment Information - Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Revenues from external customers	$ 1,599,265	$ 1,376,136	$ 4,492,143	$ 3,965,748
Segment operating income (loss)	58,323	58,649	176,982	134,464
Segment income before taxes	52,210	54,181	156,178	121,196
Segment assets	3,405,254	3,189,803	3,405,254	3,189,803	$ 3,201,350
Truck Segment [Member]
Revenues from external customers	1,595,285	1,371,472	4,479,972	3,952,396
Segment operating income (loss)	58,642	58,665	176,963	134,151
Segment income before taxes	51,250	54,250	155,024	121,037
Segment assets	3,364,895	3,152,204	3,364,895	3,152,204
Other Segments [Member]
Revenues from external customers	3,980	4,664	12,171	13,352
Segment operating income (loss)	(319)	(16)	19	313
Segment income before taxes	960	(69)	1,154	159
Segment assets	$ 40,359	$ 37,599	$ 40,359	$ 37,599

Note 8 - Income Taxes (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
Note 8 - Income Taxes (Details Textual) - USD ($)	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 2,400,000		$ 2,400,000		$ 2,400,000
Unrecognized Tax Benefits, Interest on Income Taxes Accrued	139,000		139,000		139,000
Unrecognized Tax Benefits, Income Tax Penalties Accrued	0		0		$ 0
Effective Income Tax Rate Reconciliation, Tax Expense (Benefit), Share-based Payment Arrangement, Amount	$ 405,000	$ 92,000	$ 467,000	$ 249,000
Domestic Tax Authority [Member]
Open Tax Year			2017 2018
State and Local Jurisdiction [Member]
Open Tax Year			2014 2015 2016 2017 2018

Note 9 - Revenue - Disaggregated Revenue by Revenue Source (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenue	$ 1,536,316	$ 1,315,311	$ 4,308,170	$ 3,788,406
Commercial Vehicle [Member]
Revenue	1,070,868	878,845	2,933,952	2,508,970
Parts [Member]
Revenue	258,513	239,401	760,495	699,823
Commercial Vehicle Repair Service [Member]
Revenue	196,272	187,444	580,810	550,257
Financial Service [Member]
Revenue	3,570	2,628	11,223	7,826
Insurance [Member]
Revenue	2,293	2,425	7,651	7,460
Product and Service, Other [Member]
Revenue	$ 4,800	$ 4,568	$ 14,039	$ 14,070

Note 10 - Leases (Details Textual) $ in Millions	3 Months Ended	9 Months Ended
Note 10 - Leases (Details Textual) $ in Millions	Sep. 30, 2019 USD ($)	Sep. 30, 2019 USD ($)
Sublease Income	$ 5.9	$ 17.7
Lessee, Leases, Residual Value Guarantee, Amount	43.5	$ 43.5
Lessee, Operating Lease, Option To Terminate Term		1 year
Other Assets [Member]
Sales-type Lease, Lease Receivable	$ 5.2	$ 5.2
Minimum [Member]
Lessee, Leases, Term of Contract		1 month
Lessee, Operating Lease, Term of Contract	1 year	1 year
Lessor, Leases, Term of Contract		1 year
Maximum [Member]
Lessee, Leases, Term of Contract		10 years
Lessee, Operating Lease, Term of Contract	88 years	88 years
Lessor, Leases, Term of Contract		10 years

Note 10 - Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018
Cash paid for amounts included in the measurement of lease liabilities		$ 12,488
Cash paid for amounts included in the measurement of lease liabilities		7,508	$ 9,511
Operating lease right-of-use assets obtained in exchange for lease obligations		$ 56,372
Weighted-average remaining lease term (in months) (Month)		70 months
Weighted-average discount rate	4.50%	4.50%
Selling, General and Administrative Expenses [Member]
Operating lease cost	$ 3,524	$ 10,102
Short-term lease cost	32	566
Depreciation and Amortization [Member]
Finance lease cost – amortization of right-of-use assets	3,614	10,477
Interest Expense [Member]
Finance lease cost – interest on lease liabilities	$ 910	$ 2,386

Note 10 - Leases - Maturities of Lease Liabilities (Details)
$ in Thousands

Sep. 30, 2019

USD ($)

2019, finance leases

$ 7,810

^[1]

2019, operating leases

3,391

^[1]

2020, finance leases

22,559

2020, operating leases

12,025

2021, finance leases

17,928

2021, operating leases

10,097

2022, finance leases

14,114

2022, operating leases

8,974

2023, finance leases

8,850

2023, operating leases

7,611

14,996

2024 and beyond, operating leases

31,424

Total lease payments, finance leases

86,257

Total lease payments, operating leases

73,522

Less: Imputed interest, finance leases

(8,185)

Less: Imputed interest, operating leases

(16,836)

Present value of lease liabilities, finance leases

78,072

Present value of lease liabilities, operating leases

$ 56,686

[1]	Excluding the nine months ended September 30, 2019

Note 10 - Leases - Future Minimum Rental Receivable (Details)
$ in Thousands

Sep. 30, 2019

USD ($)

2019 (a)

$ 33,641

^[1]

119,913

92,496

68,141

46,656

41,986

$ 402,833

[1]	Excluding the nine months ended September 30, 2019

Note 10 - Leases - Rental Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Minimum rental payments	$ 55,139	$ 53,312	$ 161,708	$ 155,726
Nonlease payments	7,970	7,641	22,848	22,360
Total	$ 63,109	$ 60,953	$ 184,556	$ 178,086

Note 10 - Leases - Minimum Lease Payments Under Non-cancelable Leases (Details) $ in Thousands	Dec. 31, 2018 USD ($)
Total lease payments	$ 75,160
Total lease payments	65,688
Less: Imputed interest	(6,046)
Present value of lease liabilities	69,114
Vehicle Leases as Lessee 1 [Member]
2019, Capital Leases	22,033
2019, Operating Leases	12,295
2020, Capital Leases	19,113
2020, Operating Leases	10,466
2021, Capital Leases	14,894
2021, Operating Leases	8,190
2022, Capital Leases	11,062
2022, Operating Leases	7,078
2023, Capital Leases	5,095
2023, Operating Leases	5,196
Thereafter, Capital Leases	2,963
Thereafter, Operating Leases	$ 22,463

Note 11 - Shareholders' Equity (Details Textual) - $ / shares	3 Months Ended				9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Common Stock, Dividends, Per Share, Declared	$ 0.13	$ 0.12	$ 0.12	$ 0.12	$ 0.37	$ 0.12

Note 11 - Shareholders' Equity - Schedule of Shareholders' Equity (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Balance	$ 1,113,524	$ 1,083,421	$ 1,066,928	$ 1,060,078	$ 1,031,669	$ 1,040,373	$ 1,066,928	$ 1,040,373
Stock options exercised and stock awards	904	1,745	1,231	630	1,184	766
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan	2,709	4,258	8,836	2,008	5,949	7,893
Vesting of restricted share awards	0	(517)	(2,315)		(128)	(1,619)
Issuance of common stock under employee stock purchase plan	1,807	0	1,681	1,577		1,354
Common stock repurchases	(16,089)	(12,062)	(26,048)	(12,107)	(7,985)	(38,137)
Foreign currency translation adjustment	55	(505)	384
Net income	39,104	41,621	37,104	41,665	29,389	21,039	117,829	92,093
Balance	1,137,253	1,113,524	1,083,421	1,089,159	1,060,078	1,031,669	1,137,253	1,089,159
Common Class A [Member]
Dividend	(3,637)	(3,387)	(3,389)	(3,683)
Common Class B [Member]
Dividend	(1,124)	(1,050)	(991)	(1,009)
Common Stock Outstanding [Member]
Balance	462	462	458	457	457	454	458	454
Stock options exercised and stock awards	0	0	1	0	0	0
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan	0	0	0	0	0	0
Vesting of restricted share awards	0	0	2		0	2
Issuance of common stock under employee stock purchase plan	1	0	1	1		1
Common stock repurchases	0	0	0	0	0	0
Dividend	0	0	0	0
Foreign currency translation adjustment	0	0	0
Net income	0	0	0	0	0	0
Balance	$ 463	$ 462	$ 462	$ 458	$ 457	$ 457	$ 463	$ 458
Common Stock Outstanding [Member] \| Common Class A [Member]
Balance (in shares)	28,023	28,187	28,710	30,647	30,583	31,345	28,710	31,345
Stock options exercised and stock awards (in shares)	36	87	59	32	64	30
Vesting of restricted share awards (in shares)			0		0	1
Issuance of common stock under employee stock purchase plan (in shares)	60		57	43		41
Common stock repurchases (in shares)	(313)	(251)	(639)	220	0	(834)
Common stock repurchases (in shares)	313	251	639	(220)	(0)	834
Balance (in shares)	27,806	28,023	28,187	30,502	30,647	30,583	27,806	30,502
Common Stock Outstanding [Member] \| Common Class B [Member]
Balance (in shares)	8,396	8,463	8,290	8,430	8,623	8,469	8,290	8,469
Stock options exercised and stock awards (in shares)	0	0	0	0	0	0
Vesting of restricted share awards (in shares)			226		1	226
Issuance of common stock under employee stock purchase plan (in shares)	0		0	0		0
Common stock repurchases (in shares)	(112)	(67)	(53)	71	(194)	(72)
Common stock repurchases (in shares)	112	67	53	(71)	194	72
Balance (in shares)	8,284	8,396	8,463	8,359	8,430	8,623	8,284	8,359
Additional Paid-in Capital [Member]
Balance	$ 384,940	$ 379,454	$ 370,025	$ 363,440	$ 356,435	$ 348,044	$ 370,025	$ 348,044
Stock options exercised and stock awards	904	1,745	1,230	630	1,184	766
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan	2,709	4,258	8,836	2,008	5,949	7,893
Vesting of restricted share awards	0	(517)	(2,317)		(128)	(1,621)
Issuance of common stock under employee stock purchase plan	1,806	0	1,680	1,576		1,353
Common stock repurchases	0	0	0	0	0	0
Dividend	0	0	0	0
Foreign currency translation adjustment	0	0	0
Net income	0	0	0	0	0	0
Balance	390,359	384,940	379,454	367,654	363,440	356,435	390,359	367,654
Treasury Stock [Member]
Balance	(283,952)	(271,890)	(245,842)	(166,804)	(158,819)	(120,682)	(245,842)	(120,682)
Stock options exercised and stock awards	0	0	0	0	0	0
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan	0	0	0	0	0	0
Vesting of restricted share awards	0	0	0		0	0
Issuance of common stock under employee stock purchase plan	0	0	0	0		0
Common stock repurchases	(16,089)	(12,062)	(26,048)	(12,107)	(7,985)	(38,137)
Dividend	0	0	0	0
Foreign currency translation adjustment	0	0	0
Net income	0	0	0	0	0	0
Balance	(300,041)	(283,952)	(271,890)	(178,911)	(166,804)	(158,819)	(300,041)	(178,911)
Retained Earnings [Member]
Balance	1,012,195	975,011	942,287	862,985	833,596	812,557	942,287	812,557
Stock options exercised and stock awards	0	0	0	0	0	0
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan	0	0	0	0	0	0
Vesting of restricted share awards	0	0	0		0	0
Issuance of common stock under employee stock purchase plan	0	0	0	0		0
Common stock repurchases	0	0	0	0	0	0
Foreign currency translation adjustment	0	0	0
Net income	39,104	41,621	37,104	41,665	29,389	21,039
Balance	1,046,538	1,012,195	975,011	899,958	$ 862,985	$ 833,596	1,046,538	$ 899,958
Retained Earnings [Member] \| Common Class A [Member]
Dividend	(3,637)	(3,387)	(3,389)	(3,683)
Retained Earnings [Member] \| Common Class B [Member]
Dividend	(1,124)	(1,050)	(991)	$ (1,009)
AOCI Attributable to Parent [Member]
Balance	(121)	384	0				0
Stock options exercised and stock awards	0	0	0
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan	0	0	0
Vesting of restricted share awards	0	0	0
Issuance of common stock under employee stock purchase plan	0	0	0
Common stock repurchases	0	0	0
Dividend	0	0	0
Foreign currency translation adjustment	55	(505)	384
Net income	0	0	0
Balance	$ (66)	$ (121)	$ 384				$ (66)

Note 12 - Accumulated Other Comprehensive Income (Details Textual)	Sep. 30, 2019
Rush Truck Centres of Canada Limited [Member]
Foreign Currency Exchange Rate, Translation	1.3221

Note 12 - Accumulated Other Comprehensive Income - Components of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019
Balance	$ 1,113,524	$ 1,083,421	$ 1,066,928
Foreign currency translation adjustment	55	(505)	384
Balance	1,137,253	1,113,524	1,083,421
AOCI Attributable to Parent [Member]
Balance	(121)	384	0
Foreign currency translation adjustment	55	(505)	384
Balance	$ (66)	$ (121)	$ 384

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Sep. 30, 2019	Nov. 01, 2019
Document Information [Line Items]
Entity Central Index Key	0001012019
Entity Registrant Name	RUSH ENTERPRISES INC \TX\
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Entity File Number	0-20797
Entity Incorporation, State or Country Code	TX
Entity Tax Identification Number	74-1733016
Entity Address, Address Line One	555 I.H. 35 South, Suite 500
Entity Address, City or Town	New Braunfels
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78130
City Area Code	830
Local Phone Number	302-5200
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		8,261,903
Title of 12(b) Security	Class B Common Stock, $0.01 par value
Trading Symbol	RUSHB
Security Exchange Name	NASDAQ
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		27,882,992
Title of 12(b) Security	Class A Common Stock, $0.01 par value
Trading Symbol	RUSHA
Security Exchange Name	NASDAQ

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 86,117	$ 131,726
Accounts receivable, net	220,378	190,650
Note receivable affiliate	12,310	12,885
Inventories, net	1,385,132	1,339,923
Prepaid expenses and other	24,419	10,491
Assets held for sale	419	2,269
Total current assets	1,728,775	1,687,944
Property and equipment, net	1,261,370	1,184,053
Operating lease right-of-use assets, net	56,372	0
Goodwill, net	292,142	291,391
Other assets, net	66,595	37,962
Total assets	3,405,254	3,201,350
Current liabilities:
Floor plan notes payable	1,051,241	1,023,019
Current maturities of long-term debt	158,722	161,955
Current maturities of finance lease obligations	20,995	19,631
Current maturities of operating lease obligations	9,787	0
Trade accounts payable	137,781	127,451
Customer deposits	33,553	36,183
Accrued expenses	106,768	125,056
Total current liabilities	1,518,847	1,493,295
Long-term debt, net of current maturities	462,646	439,218
Finance lease obligations, net of current maturities	57,077	49,483
Operating lease obligations, net of current maturities	46,899	0
Other long-term liabilities	19,621	11,118
Deferred income taxes, net	162,911	141,308
Shareholders’ equity:
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2019 and 2018	0	0
Common stock, par value $.01 per share; 60,000,000 Class A shares and 20,000,000 Class B shares authorized; 27,806,319 Class A shares and 8,283,916 Class B shares outstanding in 2019; and 28,709,636 Class A shares and 8,290,277 Class B shares outstanding in 2018	463	458
Additional paid-in capital	390,359	370,025
Treasury stock, at cost: 4,995,651 Class A shares and 5,262,911 Class B shares in 2019 and 3,791,751 Class A shares and 5,030,787 Class B shares in 2018	(300,041)	(245,842)
Retained earnings	1,046,538	942,287
Accumulated other comprehensive income	(66)	0
Total shareholders’ equity	1,137,253	1,066,928
Total liabilities and shareholders’ equity	$ 3,405,254	$ 3,201,350

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized (in shares)	1,000,000	1,000,000
Preferred stock, outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Class A [Member]
Common stock, authorized (in shares)	60,000,000	60,000,000
Common stock, outstanding (in shares)	27,806,319	28,709,636
Treasury stock (in shares)	4,995,651	3,791,751
Common Class B [Member]
Common stock, authorized (in shares)	20,000,000	20,000,000
Common stock, outstanding (in shares)	8,283,916	8,290,277
Treasury stock (in shares)	5,262,911	5,030,787

Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues:
Revenue	$ 1,536,316	$ 1,315,311	$ 4,308,170	$ 3,788,406
Lease and rental	62,949	60,825	183,973	177,342
Total revenue	1,599,265	1,376,136	4,492,143	3,965,748
Cost of products sold:
Lease and rental	52,223	49,924	153,316	147,015
Total cost of products sold	1,334,497	1,127,079	3,700,953	3,246,319
Gross profit	264,768	249,057	791,190	719,429
Selling, general and administrative expense	192,482	177,405	573,644	527,729
Depreciation and amortization expense	14,033	12,794	40,552	57,395
Gain (loss) on sale of assets	70	(209)	(12)	159
Operating income	58,323	58,649	176,982	134,464
Other income	1,577	0	2,316	0
Interest expense, net	7,690	4,468	23,120	13,268
Income before taxes	52,210	54,181	156,178	121,196
Provision for income taxes	13,106	12,516	38,349	29,103
Net income	$ 39,104	$ 41,665	$ 117,829	$ 92,093
Earnings per common share:
Basic (in dollars per share)	$ 1.07	$ 1.06	$ 3.21	$ 2.33
Diluted (in dollars per share)	$ 1.05	$ 1.03	$ 3.13	$ 2.27
Weighted average shares outstanding:
Basic (in shares)	36,545	39,309	36,744	39,480
Diluted (in shares)	37,351	40,388	37,625	40,635
Dividends declared per common share (in dollars per share)	$ 0.13	$ 0.12	$ 0.37	$ 0.12
Comprehensive income	$ 39,159	$ 41,665	$ 117,763	$ 92,093
New and Used Commercial Vehicle [Member]
Revenues:
Revenue	1,070,868	878,845	2,933,952	2,508,970
Cost of products sold:
Cost of products sold	997,946	808,634	2,717,484	2,311,156
Parts and Service [Member]
Revenues:
Revenue	454,785	426,845	1,341,305	1,250,080
Cost of products sold:
Cost of products sold	284,328	268,521	830,153	788,148
Finance and Insurance [Member]
Revenues:
Revenue	5,863	5,053	18,874	15,286
Product and Service, Other [Member]
Revenues:
Revenue	$ 4,800	$ 4,568	$ 14,039	$ 14,070

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities:
Net income	$ 117,829	$ 92,093
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	129,618	142,648
Loss (gain) on sale of property and equipment	12	(159)
Stock-based compensation expense related to stock options and employee stock purchases	15,803	15,850
Provision for deferred income tax expense	21,603	12,125
Change in accounts receivable, net	(29,153)	6,172
Change in inventories, net	5,709	(200,662)
Change in prepaid expenses and other, net	(13,928)	1,241
Change in trade accounts payable	9,848	26,238
(Payments) draws on floor plan notes payable – trade, net	(14,148)	87,548
Change in customer deposits	(2,630)	13,219
Change in accrued expenses	(18,715)	6,710
Other, net	(227)	0
Net cash provided by operating activities	221,621	203,023
Cash flows from investing activities:
Acquisition of property and equipment	(230,595)	(176,221)
Proceeds from the sale of property and equipment	2,100	5,822
Proceeds from the sale of available for sale securities	0	6,375
Business acquisitions	(10,168)	0
Purchase of equity method investment and call option	(22,499)	0
Change in other assets	2,412	(1,803)
Net cash used in investing activities	(258,750)	(165,827)
Cash flows from financing activities:
Draws on floor plan notes payable – non-trade, net	42,370	124,485
Proceeds from long-term debt	162,039	115,216
Draws on line of credit	135,000	0
Principal payments on long-term debt	(141,844)	(127,354)
Principal payments on finance lease obligations	(7,508)	(9,511)
Payments on line of credit	(135,000)	0
Proceeds from issuance of shares relating to employee stock options and employee stock purchases	4,536	3,764
Payments of cash dividends	(13,578)	(4,692)
Common stock repurchased	(53,764)	(58,076)
Debt issuance costs	(731)	0
Net cash (used in) provided by financing activities	(8,480)	43,832
Net (decrease) increase in cash and cash equivalents	(45,609)	81,028
Cash and cash equivalents, beginning of period	131,726	124,541
Cash and cash equivalents, end of period	86,117	205,569
Supplemental disclosure of cash flow information:
Interest	43,909	31,002
Income taxes, net of refunds	41,197	15,990
Assets acquired under finance leases	24,754	3,241
Common stock repurchased	435	0
Guaranty agreement	$ 5,025	$ 0

Note 1 - Principles of Consolidation and Basis of Presentation

9 Months Ended

Sep. 30, 2019

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

1 – Principles of Consolidation and Basis of Presentation

Note 2 - Other Assets

9 Months Ended

Sep. 30, 2019

Other Assets Disclosure [Text Block]

2 –Other Assets

ERP Platform

Franchise Rights

Equity Method Investment and Call Option

Note 3 - Commitments and Contingencies

9 Months Ended

Sep. 30, 2019

Commitments and Contingencies Disclosure [Text Block]

3 – Commitments and Contingencies

Note 4 - Earnings Per Share

9 Months Ended

Sep. 30, 2019

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 information):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Numerator:
Numerator for basic and diluted earnings per share – Net income available to common shareholders	$	39,104	$	41,665	$	117,829	$	92,093
Denominator:
Denominator for basic earnings per share – weighted average shares outstanding		36,545		39,309		36,744		39,480
Effect of dilutive securities – Employee and director stock options and restricted share awards		806		1,079		881		1,155
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions		37,351		40,388		37,625		40,635
Basic earnings per common share	$	1.07	$	1.06	$	3.21	$	2.33
Diluted earnings per common share and common share equivalents	$	1.05	$	1.03	$	3.13	$	2.27

Three Months Ended

September 30,

Nine Months Ended

September 30,

2019

2018

2019

2018

Weighted average anti-dilutive options

1,377

455

1,249

432

Note 5 - Stock Options and Restricted Stock Awards

9 Months Ended

Sep. 30, 2019

Share-based Payment Arrangement [Text Block]

5 – Stock Options and Restricted Stock Awards

Valuation and Expense Information

Note 6 - Financial Instruments and Fair Value

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Text Block]

6 – Financial Instruments and Fair Value

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

+ References + Details

Note 7 - Segment Information

9 Months Ended

Sep. 30, 2019

Segment Reporting Disclosure [Text Block]

7 – Segment Information

	Truck Segment		All Other			Total

As of and for the three months ended September 30, 2019

Revenues from external customers	$	1,595,285	$	3,980		$	1,599,265
Segment operating income (loss)		58,642		(319	)		58,323
Segment income before taxes		51,250		960			52,210
Segment assets		3,364,895		40,359			3,405,254

For the nine months ended September 30, 2019

Revenues from external customers	$	4,479,972	$	12,171		$	4,492,143
Segment operating income		176,963		19			176,982
Segment income before taxes		155,024		1,154			156,178

As of and for the three months ended September 30, 2018

Revenues from external customers	$	1,371,472	$	4,664		$	1,376,136
Segment operating income (loss)		58,665		(16	)		58,649
Segment income (loss) before taxes		54,250		(69	)		54,181
Segment assets		3,152,204		37,599			3,189,803

For the nine months ended September 30, 2018

Revenues from external customers	$	3,952,396	$	13,352		$	3,965,748
Segment operating income		134,151		313			134,464
Segment income before taxes		121,037		159			121,196

Note 8 - Income Taxes

9 Months Ended

Sep. 30, 2019

Income Tax Disclosure [Text Block]

8 – Income Taxes

Note 9 - Revenue

9 Months Ended

Sep. 30, 2019

Revenue from Contract with Customer [Text Block]

9 – Revenue

The following table summarizes the Company’s disaggregated revenue by revenue source for the three months and nine months ended September 30, 2019 and 2018 (in thousands):

	Three Months Ended				Nine Months Ended
	September 30, 2019		September 30, 2018		September 30, 2019		September 30, 2018
Commercial vehicle sales revenue	$	1,070,868	$	878,845	$	2,933,952	$	2,508,970
Parts revenue		258,513		239,401		760,495		699,823
Commercial vehicle repair service revenue		196,272		187,444		580,810		550,257
Finance revenue		3,570		2,628		11,223		7,826
Insurance revenue		2,293		2,425		7,651		7,460
Other revenue		4,800		4,568		14,039		14,070
Total	$	1,536,316	$	1,315,311	$	4,308,170	$	3,788,406

Note 10 - Leases

9 Months Ended

Sep. 30, 2019

Leases of Lessee and Lessor Disclosure [Text Block]

10 – Leases

A lease is classified as a finance lease if any of the following conditions exist on the date of lease commencement:

●

The lease transfers ownership of the underlying asset to the lessee by the end of the lease term.

●

The lease provides the lessee an option to purchase the underlying asset, and that option is reasonably certain to be exercised.

●

The lease term is for the major part of the remaining economic life of the underlying asset.

●

The present value of the lease payments equals or exceeds substantially all of the fair value of the underlying asset.

●

The underlying asset is of such a specialized nature that only the lessee can use it without major modifications.

●

The lessor expects to have no alternative use for the leased asset at the end of the lease.

Lease of Vehicles as Lessee

Lease of Facilities as Lessee

Components of lease cost are as follows (in thousands):

		Three Months Ended		Nine Months Ended
Component	Classification	September 30, 2019		September 30, 2019
Operating lease cost	SG&A expense	$	3,524	$	10,102
Finance lease cost – amortization of right-of-use assets	Depreciation and amortization		3,614		10,477
Finance lease cost – interest on lease liabilities	Interest expense		910		2,386
Short-term lease cost	SG&A expense		32		566

Supplemental cash flow information and non-cash activity related to operating and finance leases are as follows (in thousands):

	Nine Months Ended
	September 30, 2019
Operating cash flow information:
Cash paid for amounts included in the measurement of lease liabilities	$	12,488
Financing cash flow information:
Cash paid for amounts included in the measurement of lease liabilities	$	7,508
Non-cash activity:
Operating lease right-of-use assets obtained in exchange for lease obligations	$	56,372

Weighted-average remaining lease term and discount rate for operating and finance leases are as follows:

	September 30, 2019
Weighted-average remaining lease term (in months)	70
Weighted-average discount rate		4.5	%

Maturities of lease liabilities by fiscal year for finance leases and operating leases are as follows (in thousands):

	Finance Leases			Operating Leases
2019^(a)	$	7,810		$	3,391
2020		22,559			12,025
2021		17,928			10,097
2022		14,114			8,974
2023		8,850			7,611
2024 and beyond		14,996			31,424
Total lease payments	$	86,257		$	73,522
Less: Imputed interest		(8,185	)		(16,836	)
Present value of lease liabilities	$	78,072		$	56,686

(a) Excluding the nine months ended September 30, 2019

Lease of Vehicles as Lessor

Minimum rental payments to be received for non-cancelable leases and subleases in effect as of September 30, 2019, are as follows (in thousands):

2019^(a)	$	33,641
2020		119,913
2021		92,496
2022		68,141
2023		46,656
Thereafter		41,986
Total	$	402,833

(a) Excluding the nine months ended September 30, 2019

Rental income during the three and nine months ended September 30, 2019, and September 30, 2018, consisted of the following (in thousands):

	Three Months Ended				Nine Months Ended
	September 30, 2019		September 30, 2018		September 30, 2019		September 30, 2018
Minimum rental payments	$	55,139	$	53,312	$	161,708	$	155,726
Nonlease payments		7,970		7,641		22,848		22,360
Total	$	63,109	$	60,953	$	184,556	$	178,086

As of December 31, 2018, minimum lease payments under non-cancelable finance leases and operating leases by period were expected to be as follows (in thousands):

	Finance Leases			Operating Leases
2019	$	22,033		$	12,295
2020		19,113			10,466
2021		14,894			8,190
2022		11,062			7,078
2023		5,095			5,196
Thereafter		2,963			22,463
Total lease payments	$	75,160		$	65,688
Less: Imputed interest		(6,046	)
Present value of lease liabilities	$	69,114

Note 11 - Shareholders' Equity

9 Months Ended

Sep. 30, 2019

Stockholders' Equity Note Disclosure [Text Block]

11 – Shareholders’ Equity

Common Stock

Accumulated

Outstanding

$0.01

Par

Additional

Pain-In

Treasury

Retained

Other

Comprehensive

(in thousands)

Class A

Class B

Value

Capital

Stock

Earnings

Income

Total

Balance, December 31, 2018

28,710

8,290

458

370,025

(245,842

)

942,287

–

1,066,928

Stock options exercised and stock awards

–

1,230

–

1,231

Stock-based compensation related to stock options, restricted shares and employee stock purchase plan

–

8,836

–

8,836

Vesting of restricted share awards

–

226

(2,317

)

–

(2,315

)

Issuance of common stock under employee stock purchase plan

–

1,680

–

1,681

Common stock repurchases

(639

)

(53

)

–

(26,048

)

–

(26,048

)

Dividend Class A common stock

–

(3,389

)

–

(3,389

)

Dividend Class B common stock

–

(991

)

–

(991

)

Other comprehensive income

–

384

Net income

–

37,104

–

37,104

Balance, March 31, 2019

28,187

8,463

462

379,454

(271,890

)

975,011

384

1,083,421

Stock options exercised and stock awards

–

1,745

–

1,745

Stock-based compensation related to stock options, restricted shares and employee stock purchase plan

–

4,258

–

4,258

Vesting of restricted share awards

–

(517

)

–

(517

)

Issuance of common stock under employee stock purchase plan

–

Common stock repurchases

(251

)

(67

)

–

(12,062

)

–

(12,062

)

Dividend Class A common stock

–

(3,387

)

–

(3,387

)

Dividend Class B common stock

–

(1,050

)

–

(1,050

)

Other comprehensive income

–

(505

)

(505

)

Net income

–

41,621

–

41,621

Balance, June 30, 2019

28,023

8,396

462

384,940

(283,952

)

1,012,195

(121

)

1,113,524

Stock options exercised and stock awards

–

904

–

904

Stock-based compensation related to stock options, restricted shares and employee stock purchase plan

–

2,709

–

2,709

Vesting of restricted share awards

–

Issuance of common stock under employee stock purchase plan

–

1,806

–

1,807

Common stock repurchases

(313

)

(112

)

–

(16,089

)

–

(16,089

)

Dividend Class A common stock

–

(3,637

)

–

(3,637

)

Dividend Class B common stock

–

(1,124

)

–

(1,124

)

Other comprehensive income

–

Net income

–

39,104

–

39,104

Balance, September 30, 2019

27,806

8,284

463

390,359

(300,041

)

1,046,538

(66

)

1,137,253

	Common Stock
	Shares Outstanding						$0.01 Par		Additional Paid-In			Treasury			Retained
(in thousands)	Class A			Class B			Value		Capital			Stock			Earnings			Total

Balance, December 31, 2017		31,345			8,469		$	454	$	348,044		$	(120,682	)	$	812,557		$	1,040,373

Stock options exercised and stock awards		30			–			–		766			–			–			766
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan		–			–			–		7,893			–			–			7,893
Vesting of restricted share awards		1			226			2		(1,621	)		–			–			(1,619	)
Issuance of common stock under employee stock purchase plan		41			–			1		1,353			–			–			1,354
Common stock repurchases		(834	)		(72	)		–		–			(38,137	)		–			(38,137	)
Net income		–			–			–		–			–			21,039			21,039
Balance, March 31, 2018		30,583			8,623		$	457	$	356,435		$	(158,819	)	$	833,596		$	1,031,669
Stock options exercised and stock awards		64			–			–		1,184			–			–			1,184
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan		–			–			–		5,949			–			–			5,949
Vesting of restricted share awards		–			1			–		(128	)		–			–			(128	)
Common stock repurchases		–			(194	)		–		–			(7,985	)		–			(7,985	)
Net income		–			–			–		–			–			29,389			29,389
Balance, June 30, 2018		30,647			8,430		$	457	$	363,440		$	(166,804	)	$	862,985		$	1,060,078
Stock options exercised and stock awards		32			–			–		630			–			–			630
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan		–			–			–		2,008			–			–			2,008
Issuance of common stock under employee stock purchase plan		43			–			1		1,576			–			–			1,577
Common stock repurchases		(220	)		(71	)		–		–			(12,107	)		–			(12,107	)
Dividend Class A common stock		–			–			–		–			–			(3,683	)		(3,683	)
Dividend Class B common stock		–			–			–		–			–			(1,009	)		(1,009	)
Net income		–			–			–		–			–			41,665			41,665
Balance, September 30, 2018		30,502			8,359		$	458	$	367,654		$	(178,911	)	$	899,958		$	1,089,159

Note 12 - Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 2019

Comprehensive Income (Loss) Note [Text Block]

12 – Accumulated Other Comprehensive Income

The following table shows the components of accumulated other comprehensive loss (in thousands):

Balance as of December 31, 2018	$	-
Foreign currency translation adjustment		384
Balance at March 31, 2019	$	384
Foreign currency translation adjustment		(505	)
Balance at June 30, 2019	$	(121	)
Foreign currency translation adjustment		55
Balance at September 30, 2019		(66	)

Note 13 - New Accounting Pronouncements

9 Months Ended

Sep. 30, 2019

New Accounting Pronouncements and Changes in Accounting Principles [Text Block]

13 – New Accounting Pronouncements

Note 4 - Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2019

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Numerator:
Numerator for basic and diluted earnings per share – Net income available to common shareholders	$	39,104	$	41,665	$	117,829	$	92,093
Denominator:
Denominator for basic earnings per share – weighted average shares outstanding		36,545		39,309		36,744		39,480
Effect of dilutive securities – Employee and director stock options and restricted share awards		806		1,079		881		1,155
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions		37,351		40,388		37,625		40,635
Basic earnings per common share	$	1.07	$	1.06	$	3.21	$	2.33
Diluted earnings per common share and common share equivalents	$	1.05	$	1.03	$	3.13	$	2.27

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

Three Months Ended

September 30,

Nine Months Ended

September 30,

2019

2018

2019

2018

Weighted average anti-dilutive options

1,377

455

1,249

432

Note 7 - Segment Information (Tables)

9 Months Ended

Sep. 30, 2019

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

	Truck Segment		All Other			Total

As of and for the three months ended September 30, 2019

Revenues from external customers	$	1,595,285	$	3,980		$	1,599,265
Segment operating income (loss)		58,642		(319	)		58,323
Segment income before taxes		51,250		960			52,210
Segment assets		3,364,895		40,359			3,405,254

For the nine months ended September 30, 2019

Revenues from external customers	$	4,479,972	$	12,171		$	4,492,143
Segment operating income		176,963		19			176,982
Segment income before taxes		155,024		1,154			156,178

As of and for the three months ended September 30, 2018

Revenues from external customers	$	1,371,472	$	4,664		$	1,376,136
Segment operating income (loss)		58,665		(16	)		58,649
Segment income (loss) before taxes		54,250		(69	)		54,181
Segment assets		3,152,204		37,599			3,189,803

For the nine months ended September 30, 2018

Revenues from external customers	$	3,952,396	$	13,352		$	3,965,748
Segment operating income		134,151		313			134,464
Segment income before taxes		121,037		159			121,196

Note 9 - Revenue (Tables)

9 Months Ended

Sep. 30, 2019

Disaggregation of Revenue [Table Text Block]

	Three Months Ended				Nine Months Ended
	September 30, 2019		September 30, 2018		September 30, 2019		September 30, 2018
Commercial vehicle sales revenue	$	1,070,868	$	878,845	$	2,933,952	$	2,508,970
Parts revenue		258,513		239,401		760,495		699,823
Commercial vehicle repair service revenue		196,272		187,444		580,810		550,257
Finance revenue		3,570		2,628		11,223		7,826
Insurance revenue		2,293		2,425		7,651		7,460
Other revenue		4,800		4,568		14,039		14,070
Total	$	1,536,316	$	1,315,311	$	4,308,170	$	3,788,406

Note 10 - Leases (Tables)

9 Months Ended

Sep. 30, 2019

Lease, Cost [Table Text Block]

		Three Months Ended		Nine Months Ended
Component	Classification	September 30, 2019		September 30, 2019
Operating lease cost	SG&A expense	$	3,524	$	10,102
Finance lease cost – amortization of right-of-use assets	Depreciation and amortization		3,614		10,477
Finance lease cost – interest on lease liabilities	Interest expense		910		2,386
Short-term lease cost	SG&A expense		32		566

	Nine Months Ended
	September 30, 2019
Operating cash flow information:
Cash paid for amounts included in the measurement of lease liabilities	$	12,488
Financing cash flow information:
Cash paid for amounts included in the measurement of lease liabilities	$	7,508
Non-cash activity:
Operating lease right-of-use assets obtained in exchange for lease obligations	$	56,372

	September 30, 2019
Weighted-average remaining lease term (in months)	70
Weighted-average discount rate		4.5	%

Lessee, Lease Liability, Maturity [Table Text Block]

	Finance Leases			Operating Leases
2019^(a)	$	7,810		$	3,391
2020		22,559			12,025
2021		17,928			10,097
2022		14,114			8,974
2023		8,850			7,611
2024 and beyond		14,996			31,424
Total lease payments	$	86,257		$	73,522
Less: Imputed interest		(8,185	)		(16,836	)
Present value of lease liabilities	$	78,072		$	56,686

Lessor, Operating Lease, Payments to be Received, Maturity [Table Text Block]

2019^(a)	$	33,641
2020		119,913
2021		92,496
2022		68,141
2023		46,656
Thereafter		41,986
Total	$	402,833

Leases, Lease Income [Table Text Block]

	Three Months Ended				Nine Months Ended
	September 30, 2019		September 30, 2018		September 30, 2019		September 30, 2018
Minimum rental payments	$	55,139	$	53,312	$	161,708	$	155,726
Nonlease payments		7,970		7,641		22,848		22,360
Total	$	63,109	$	60,953	$	184,556	$	178,086

Schedule of Future Minimum Lease Payments for Capital Leases and Operating Leases [Table Text Block]

	Finance Leases			Operating Leases
2019	$	22,033		$	12,295
2020		19,113			10,466
2021		14,894			8,190
2022		11,062			7,078
2023		5,095			5,196
Thereafter		2,963			22,463
Total lease payments	$	75,160		$	65,688
Less: Imputed interest		(6,046	)
Present value of lease liabilities	$	69,114

Note 11 - Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Stockholders Equity [Table Text Block]

Common Stock

Accumulated

Outstanding

$0.01

Par

Additional

Pain-In

Treasury

Retained

Other

Comprehensive

(in thousands)

Class A

Class B

Value

Capital

Stock

Earnings

Income

Total

Balance, December 31, 2018

28,710

8,290

458

370,025

(245,842

)

942,287

–

1,066,928

Stock options exercised and stock awards

–

1,230

–

1,231

Stock-based compensation related to stock options, restricted shares and employee stock purchase plan

–

8,836

–

8,836

Vesting of restricted share awards

–

226

(2,317

)

–

(2,315

)

Issuance of common stock under employee stock purchase plan

–

1,680

–

1,681

Common stock repurchases

(639

)

(53

)

–

(26,048

)

–

(26,048

)

Dividend Class A common stock

–

(3,389

)

–

(3,389

)

Dividend Class B common stock

–

(991

)

–

(991

)

Other comprehensive income

–

384

Net income

–

37,104

–

37,104

Balance, March 31, 2019

28,187

8,463

462

379,454

(271,890

)

975,011

384

1,083,421

Stock options exercised and stock awards

–

1,745

–

1,745

Stock-based compensation related to stock options, restricted shares and employee stock purchase plan

–

4,258

–

4,258

Vesting of restricted share awards

–

(517

)

–

(517

)

Issuance of common stock under employee stock purchase plan

–

Common stock repurchases

(251

)

(67

)

–

(12,062

)

–

(12,062

)

Dividend Class A common stock

–

(3,387

)

–

(3,387

)

Dividend Class B common stock

–

(1,050

)

–

(1,050

)

Other comprehensive income

–

(505

)

(505

)

Net income

–

41,621

–

41,621

Balance, June 30, 2019

28,023

8,396

462

384,940

(283,952

)

1,012,195

(121

)

1,113,524

Stock options exercised and stock awards

–

904

–

904

Stock-based compensation related to stock options, restricted shares and employee stock purchase plan

–

2,709

–

2,709

Vesting of restricted share awards

–

Issuance of common stock under employee stock purchase plan

–

1,806

–

1,807

Common stock repurchases

(313

)

(112

)

–

(16,089

)

–

(16,089

)

Dividend Class A common stock

–

(3,637

)

–

(3,637

)

Dividend Class B common stock

–

(1,124

)

–

(1,124

)

Other comprehensive income

–

Net income

–

39,104

–

39,104

Balance, September 30, 2019

27,806

8,284

463

390,359

(300,041

)

1,046,538

(66

)

1,137,253

	Common Stock
	Shares Outstanding						$0.01 Par		Additional Paid-In			Treasury			Retained
(in thousands)	Class A			Class B			Value		Capital			Stock			Earnings			Total

Balance, December 31, 2017		31,345			8,469		$	454	$	348,044		$	(120,682	)	$	812,557		$	1,040,373

Stock options exercised and stock awards		30			–			–		766			–			–			766
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan		–			–			–		7,893			–			–			7,893
Vesting of restricted share awards		1			226			2		(1,621	)		–			–			(1,619	)
Issuance of common stock under employee stock purchase plan		41			–			1		1,353			–			–			1,354
Common stock repurchases		(834	)		(72	)		–		–			(38,137	)		–			(38,137	)
Net income		–			–			–		–			–			21,039			21,039
Balance, March 31, 2018		30,583			8,623		$	457	$	356,435		$	(158,819	)	$	833,596		$	1,031,669
Stock options exercised and stock awards		64			–			–		1,184			–			–			1,184
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan		–			–			–		5,949			–			–			5,949
Vesting of restricted share awards		–			1			–		(128	)		–			–			(128	)
Common stock repurchases		–			(194	)		–		–			(7,985	)		–			(7,985	)
Net income		–			–			–		–			–			29,389			29,389
Balance, June 30, 2018		30,647			8,430		$	457	$	363,440		$	(166,804	)	$	862,985		$	1,060,078
Stock options exercised and stock awards		32			–			–		630			–			–			630
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan		–			–			–		2,008			–			–			2,008
Issuance of common stock under employee stock purchase plan		43			–			1		1,576			–			–			1,577
Common stock repurchases		(220	)		(71	)		–		–			(12,107	)		–			(12,107	)
Dividend Class A common stock		–			–			–		–			–			(3,683	)		(3,683	)
Dividend Class B common stock		–			–			–		–			–			(1,009	)		(1,009	)
Net income		–			–			–		–			–			41,665			41,665
Balance, September 30, 2018		30,502			8,359		$	458	$	367,654		$	(178,911	)	$	899,958		$	1,089,159

Note 12 - Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2019

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

Balance as of December 31, 2018	$	-
Foreign currency translation adjustment		384
Balance at March 31, 2019	$	384
Foreign currency translation adjustment		(505	)
Balance at June 30, 2019	$	(121	)
Foreign currency translation adjustment		55
Balance at September 30, 2019		(66	)

Note 2 - Other Assets (Details Textual) $ in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019 USD ($)	Sep. 30, 2018 USD ($)	Sep. 30, 2019 USD ($)	Sep. 30, 2018 USD ($)	Apr. 25, 2019 CAD ($)	Feb. 25, 2019	Dec. 31, 2018 USD ($)
Capitalized Computer Software, Net, Ending Balance	$ 9,400		$ 9,400
Capitalized Computer Software, Amortization	500	$ 500	1,400	$ 21,200
Indefinite-Lived Franchise Rights	7,000		7,000				$ 7,000
Goodwill and Intangible Asset Impairment, Total			0
Financial Guarantee [Member]
Guarantor Obligations, Maximum Exposure, Undiscounted					$ 250
Other Noncurrent Liabilities [Member] \| Financial Guarantee [Member]
Guarantor Obligations, Current Carrying Value	5,000		5,000
Rush Truck Centres of Canada Limited [Member]
Equity Method Investment, Ownership Percentage						50.00%
Rush Truck Centres of Canada Limited [Member] \| Other Assets [Member]
Equity Method Investments	25,200		25,200
Rush Truck Centres of Canada Limited [Member] \| Call Option [Member]
Equity Method Investment, Remaining Ownership Percentage Not Yet Acquired						50.00%
Rush Truck Centres of Canada Limited [Member] \| Call Option [Member] \| Other Assets [Member]
Call Option, Fair Value Disclosure	3,600		3,600
Computer Software, Intangible Asset [Member]
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	1,900		1,900
Finite-Lived Intangible Assets, Amortization Expense, Year Two	1,900		1,900
Finite-Lived Intangible Assets, Amortization Expense, Year Three	1,900		1,900
Finite-Lived Intangible Assets, Amortization Expense, Year Four	1,900		1,900
Finite-Lived Intangible Assets, Amortization Expense, Year Five	$ 1,900		$ 1,900
Components of ERP Platform Rquired Replacement [Member]
Capitalized Computer Software, Amortization				$ 19,900

Note 4 - Earnings Per Share - Earnings Per Share Calculation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Numerator for basic and diluted earnings per share – Net income available to common shareholders	$ 39,104	$ 41,665	$ 117,829	$ 92,093
Denominator for basic earnings per share – weighted average shares outstanding (in shares)	36,545	39,309	36,744	39,480
Effect of dilutive securities – Employee and director stock options and restricted share awards (in shares)	806	1,079	881	1,155
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions (in shares)	37,351	40,388	37,625	40,635
Basic earnings per common share (in dollars per share)	$ 1.07	$ 1.06	$ 3.21	$ 2.33
Diluted earnings per common share and common share equivalents (in dollars per share)	$ 1.05	$ 1.03	$ 3.13	$ 2.27