Rush Enterprises (RUSHA) 10-Q 10 May 17 2017 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 03, 2017
Document Information [Line Items]
Entity Registrant Name	RUSH ENTERPRISES INC \TX\
Entity Central Index Key	1,012,019
Trading Symbol	rusha
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	Yes
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		8,997,663
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		30,535,559

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 89,073	$ 82,026
Accounts receivable, net	165,249	156,199
Note receivable affiliate	14,017	10,166
Inventories, net	872,907	840,304
Prepaid expenses and other	9,367	8,798
Assets held for sale	12,932	13,955
Total current assets	1,163,545	1,111,448
Investments	6,231	6,231
Property and equipment, net	1,124,746	1,135,805
Goodwill, net	290,191	290,191
Other assets, net	54,848	59,372
Total assets	2,639,561	2,603,047
Current liabilities:
Floor plan notes payable	684,595	646,945
Current maturities of long-term debt	131,628	130,717
Current maturities of capital lease obligations	14,623	14,449
Liabilities directly associated with assets held for sale		783
Trade accounts payable	99,534	97,844
Customer deposits	16,217	18,418
Accrued expenses	76,811	83,974
Total current liabilities	1,023,408	993,130
Long-term debt, net of current maturities	459,817	472,503
Capital lease obligations, net of current maturities	67,994	70,044
Other long-term liabilities	8,249	7,214
Deferred income taxes, net	198,739	197,331
Shareholders’ equity:
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2017 and 2016	0	0
Common stock, par value $.01 per share; 60,000,000 Class A shares and 20,000,000 Class B shares authorized; 30,481,059 Class A shares and 9,200,199 Class B shares outstanding in 2017; and 30,007,088 Class A shares and 9,245,447 Class B shares outstanding in 2016	445	438
Additional paid-in capital	320,730	309,127
Treasury stock, at cost: 934,171 class A shares and 3,894,409 class B shares in 2017 and 934,171 class A shares and 3,650,491 class B shares in 2016	(94,442)	(86,882)
Retained earnings	654,907	640,428
Accumulated other comprehensive loss, net of tax	(286)	(286)
Total shareholders’ equity	881,354	862,825
Total liabilities and shareholders’ equity	$ 2,639,561	$ 2,603,047

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Mar. 31, 2017	Dec. 31, 2016
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common Class A [Member]
Common stock, shares authorized (in shares)	60,000,000	60,000,000
Common stock, shares outstanding (in shares)	30,481,059	30,007,088
Treasury stock, shares (in shares)	934,171	934,171
Common Class B [Member]
Common stock, shares authorized (in shares)	20,000,000	20,000,000
Common stock, shares outstanding (in shares)	9,200,199	9,245,447
Treasury stock, shares (in shares)	3,894,409	3,650,491

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Revenues:
New and used commercial vehicle sales	$ 635,953	$ 668,545
Parts and service sales	350,106	341,939
Lease and rental	51,244	50,887
Finance and insurance	3,929	4,499
Other	3,565	4,970
Total revenue	1,044,797	1,070,840
Cost of products sold:
New and used commercial vehicle sales	588,120	623,660
Parts and service sales	224,466	218,243
Lease and rental	44,304	45,667
Total cost of products sold	856,890	887,570
Gross profit	187,907	183,270
Selling, general and administrative expense	150,403	162,452
Depreciation and amortization expense	12,492	12,647
Gain (loss) on sale of assets	(163)	10
Operating income	24,849	8,181
Interest expense, net	2,791	4,239
Income before taxes	22,058	3,942
Provision for income taxes	7,579	1,547
Net income	$ 14,479	$ 2,395
Earnings per common share:
Basic (in dollars per share)	$ 0.37	$ 0.06
Diluted (in dollars per share)	$ 0.36	$ 0.06
Weighted average shares outstanding:
Basic (in shares)	39,409	40,553
Diluted (in shares)	40,701	41,049
Comprehensive income	$ 14,479	$ 2,395

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income	$ 14,479,000	$ 2,395,000
Adjustments to reconcile net income to net cash provided by operating activities-
Depreciation and amortization	38,724,000	39,073,000
Loss (gain) on sale of property and equipment, net	163,000	(10,000)
Loss on impairment of assets		7,718,000
Stock-based compensation expense related to employee stock options and employee stock purchases	4,759,000	3,597,000
Provision for deferred income tax expense	1,408,000	(7,585,000)
Excess tax expense from stock-based compensation		1,007,000
Change in accounts receivable, net	(12,901,000)	5,340,000
Change in inventories	(19,376,000)	49,921,000
Change in prepaid expenses and other, net	(609,000)	21,384,000
Change in trade accounts payable	1,690,000	(16,520,000)
Draws (payments) on floor plan notes payable – trade, net	18,552,000	(1,789,000)
Change in customer deposits	(2,201,000)	2,274,000
Change in accrued expenses	(7,163,000)	(5,567,000)
Net cash provided by operating activities	37,525,000	101,238,000
Cash flows from investing activities:
Acquisition of property and equipment	(39,209,000)	(53,880,000)
Proceeds from the sale of property and equipment	1,600,000	616,000
Other	5,160,000	676,000
Net cash used in investing activities	(32,449,000)	(52,588,000)
Cash flows from financing activities:
Draws (payments) on floor plan notes payable – non-trade, net	19,098,000	(26,982,000)
Proceeds from long-term debt	25,555,000	32,194,000
Principal payments on long-term debt	(38,113,000)	(42,503,000)
Principal payments on capital lease obligations	(3,337,000)	(4,853,000)
Issuance of shares relating to employee stock options and employee stock purchases	6,851,000	2,315,000
Excess tax expense from stock-based compensation		(1,007,000)
Common stock repurchased	(7,560,000)
Debt issuance costs	(523,000)
Net cash provided by (used in) financing activities	1,971,000	(40,836,000)
Net decrease in cash and cash equivalents	7,047,000	7,814,000
Cash and cash equivalents, beginning of period	82,026,000	64,847,000
Cash and cash equivalents, end of period	89,073,000	72,661,000
Supplemental disclosure of cash flow information:
Interest	8,211,000	10,265,000
Income taxes (refunded) paid, net	6,201,000	(15,015,000)
Noncash investing and financing activities:
Assets acquired under capital leases	$ 2,073,000	$ 7,580,000

Note 1 - Principles of Consolid

Note 1 - Principles of Consolidation and Basis of Presentation	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1 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 December 31, 2016. may

Note 2 - Other Assets

Note 2 - Other Assets	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Other Assets Disclosure [Text Block]	2 The total capitalized costs of the Company’s SAP enterprise software and SAP dealership management system of $32.2 $17.4 March 31, 2017. 15 Amortization expense relating to the SAP software, which is recognized in depreciation and amortization expense in the Consolidated Statement of Income , was $0.9 for the three March 31, 2017, $0.8 for the three March 31, 2016. $ 3.4 five 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 March 31, 2017, December 31, 2016, not amortize manufacturer franchise rights. Due to the fact that manufacturer franchise rights are specific to a geographic region, the Company has determined that evaluating and including all locations acquired in the geographic region is the appropriate level for the purpose of testing franchise rights for impairment. Management reviews indefinite-lived manufacturer franchise rights for impairment annually during the fourth may 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

Note 3 - Commitments and Contin

Note 3 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	3 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

Note 4 - Earnings Per Share	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Earnings Per Share [Text Block]	4 The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts): Three Months Ended March 31, 2017 2016 Numerator: Numerator for basic and diluted earnings per share – Net income available to common shareholders $ 14,479 $ 2,395 Denominator– Denominator for basic earnings per share – weighted average shares outstanding 39,409 40,553 Effect of dilutive securities– Employee stock options and restricted stock awards 1,292 496 Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions 40,701 41,049 Basic earnings per common share $ .37 $ .06 Diluted earnings per common share and common share equivalents $ .36 $ .06 Options to purchase shares of common stock that were outstanding for the three March 31, 2017 2016 March 31, 2017 March 31, 2016 Weighted average anti-dilutive options 729 2,520

Note 5 - Stock Options and Rest

Note 5 - Stock Options and Restricted Stock Awards	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	5 – Stock Options and Restricted Stock Awards The Company accounts for stock-based compensation in accordance with Accounting Standards Codification (“ASC”) 718 10, Accounting Standards Update (“ASU”) No. 2016 09, Compensation – Stock Compensation (Topic 718 ) January 1, 2017. The Company recorded excess tax benefits of $1.1 first 2017, $4.8 three March 31, 2017, $3.6 three March 31, 2016. As of March 31, 2017 , the Company had $11.6 3.2 $11.3 2.0

Note 6 - Financial Instruments

Note 6 - Financial Instruments and Fair Value	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Fair Value Disclosures [Text Block]	6 – Financial Instruments and Fair Value The Company has various financial instruments that it must measure at fair value on a recurring basis. The Company also applies the provisions of fair value measurement to various nonrecurring measurements for its financial and nonfinancial assets and liabilities. Applicable accounting standards define fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). The Company measures its assets and liabilities using inputs from the following three Level 1 Level 2 Level 3 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 March 31, 2017, December 31, 2016. The fair value of the Company’s long-term debt is based on secondary 2 If investments are deemed to be impaired, the Company determines whether the impairment is temporary or other than temporary. If the impairment is deemed to be temporary, the Company records an unrealized loss in other comprehensive income. If the impairment is deemed other than temporary, the Company records the impairment in the Company’s Consolidated Statements of Income and Comprehensive Income. Auction Rate Securities In prior years, the Company invested in interest-bearing short-term investments primarily consisting of investment-grade auction rate securities classified as available-for-sale and reported at fair value. These types of investments were designed to provide liquidity through an auction process that reset the applicable interest rates at predetermined periods ranging from 1 35 Auctions for investment grade securities held by the Company have failed. However, a failed auction does not represent a default by the issuer. The auction rate securities continue to pay interest in accordance with the terms of the underlying security; however, liquidity will be limited until there is a successful auction or until such time as other markets for these investments develop. The Company has the intent and ability to hold these auction rate securities until liquidity returns to the market. The Company does not believe that the lack of liquidity relating to its auction rate securities will have a material impact on its ability to fund operations. As of March 31, 2017 December 31, 2016, 2030 $ 6.2 $ 6.7 $150,000 second 2014, $275,000 second 2015, $250,000 second 2016, $200,000 third 2016. The Company valued the auction rate securities at March 31, 2017 first 2019, 225 The Company recorded a pre-tax impairment charge of $1.0 2011 $427,000 2014. The table below presents disclosures about the auction rate securities measured at fair value on a recurring basis in the Company’s financial statements as follows (in thousands): At March 31, 2017 At December 31, 2016 Level 1 Level 2 Level 3 Level 1 Level 2 Inputs Level 3 Inputs Investment in auction rate securities $ - $ - $ 6,231 $ - $ - $ 6,231 C ost Basis Gross Unrealized Loss In Accumulated OCI Fair Value March 31, 2017 Investment in auction rate securities $ 6,700 $ 469 $ 6,231 December 31, 2016 Investment in auction rate securities $ 6,700 $ 469 $ 6,231 Long-Lived Assets During the first 2016, $7.1 March 31, 2016 $0.4 June 30, 2016. The fair value measurements for the Company’s long-lived assets are based on Level 3 third During the third fourth 2016, four $6.1 first 2017, one $1.0 The following table presents long-lived assets measured and recorded at fair value on a nonrecurring basis (in thousands): Description Fair Value Measurements Using Significant Unobservable Inputs March 31, 2017 Loss D uring the Quarter Ended March 31, 2017 Long-lived assets held for sale $ 12,932 $ − For further discussion of assets held for sale, see Note 10 March 31, 2016, $7.1

Note 7 - Segment Information

Note 7 - Segment Information	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	7 The Company currently has one one The Company also has revenues attributable to three 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 March 31, 2017 2016 Truck Segment All Other Totals As of and for the three months ended March 31, 201 7 Revenues from external customers $ 1,040,853 $ 3,944 $ 1,044,797 Segment operating income (loss) 24,994 (145 ) 24,849 Segment income (loss) before taxes 22,244 (186 ) 22,058 Segment assets 2,603,945 35,616 2,639,561 As of and for the three months ended March 31, 201 6 Revenues from external customers $ 1,067,290 $ 3,550 $ 1,070,840 Segment operating income (loss) 8,568 (387 ) 8,181 Segment income (loss) before taxes 4,370 (428 ) 3,942 Segment assets 2,764,294 32,498 2,796,792

Note 8 - Income Taxes

Note 8 - Income Taxes	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	8 The Company had unrecognized income tax benefits totaling $ 2.4 March 31, 2017 December 31, 2016, may No $ 145,000 March 31, 2017 December 31, 2016. The Company does not anticipate a significant change in the amount of unrecognized tax benefits in the next 12 March 31, 2017, December 31, 2013 2016 December 31, 2012 2016, In March 2016, 2016 09, Compensation – Stock Compensation (Topic 718), January 1, 2017. $1.1 first 2017,

Note 9 - Accumulated Other Comp

Note 9 - Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	9 – Accumulated Other Comprehensive Income (Loss) The following table shows the components of accumulated other comprehensive loss, net of tax, (in thousands): Available for Sale Securities Balance as of December 31, 2016 $ (286 ) Change in fair value − Income tax expense − Balance at March 31, 2017 $ (286 ) Available for Sale Securities Balance as of December 31, 2015 $ (305 ) Change in fair value − Income tax expense − Balance at March 31, 2016 $ (305 )

Note 10 - Restructuring Costs

Note 10 - Restructuring Costs	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	10 March 31, 2016, $8.1 $2.7 $5.0 March 31, 2016. During the third fourth 2016, four $6.1 first 2017, one $1.0 March 31, 2017,

Note 11 - New Accounting Pronou

Note 11 - New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2017
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	11 In March 2016, 2016 09 January 1, 2017. $1.1 first 2017, 2016 09 In February 2016, 2016 02, Leases (Topic 842), 12 December 15, 2018, In May 2014, 2014 09, Revenue from Contracts with Customers (Topic 606) 2014 09 2014 09 first 2018, two Subsequently, the FASB issued the following standards related to ASU 2014 09: 2016 08, Revenue from Contracts with Customers (Topic 606): 2016 10, Revenue from Contracts with Customers (Topic 606): 2016 12, Revenue from Contracts with Customers (Topic 606): The Company will adopt ASU 2014 09 January 1, 2018. 2016,

Note 4 - Earnings Per Share (Ta

Note 4 - Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended March 31, 2017 2016 Numerator: Numerator for basic and diluted earnings per share – Net income available to common shareholders $ 14,479 $ 2,395 Denominator– Denominator for basic earnings per share – weighted average shares outstanding 39,409 40,553 Effect of dilutive securities– Employee stock options and restricted stock awards 1,292 496 Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions 40,701 41,049 Basic earnings per common share $ .37 $ .06 Diluted earnings per common share and common share equivalents $ .36 $ .06
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	March 31, 2017 March 31, 2016 Weighted average anti-dilutive options 729 2,520

Note 6 - Financial Instrument18

Note 6 - Financial Instruments and Fair Value (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	At March 31, 2017 At December 31, 2016 Level 1 Level 2 Level 3 Level 1 Level 2 Inputs Level 3 Inputs Investment in auction rate securities $ - $ - $ 6,231 $ - $ - $ 6,231
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	C ost Basis Gross Unrealized Loss In Accumulated OCI Fair Value March 31, 2017 Investment in auction rate securities $ 6,700 $ 469 $ 6,231 December 31, 2016 Investment in auction rate securities $ 6,700 $ 469 $ 6,231
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]	Description Fair Value Measurements Using Significant Unobservable Inputs March 31, 2017 Loss D uring the Quarter Ended March 31, 2017 Long-lived assets held for sale $ 12,932 $ −

Note 7 - Segment Information (T

Note 7 - Segment Information (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Truck Segment All Other Totals As of and for the three months ended March 31, 201 7 Revenues from external customers $ 1,040,853 $ 3,944 $ 1,044,797 Segment operating income (loss) 24,994 (145 ) 24,849 Segment income (loss) before taxes 22,244 (186 ) 22,058 Segment assets 2,603,945 35,616 2,639,561 As of and for the three months ended March 31, 201 6 Revenues from external customers $ 1,067,290 $ 3,550 $ 1,070,840 Segment operating income (loss) 8,568 (387 ) 8,181 Segment income (loss) before taxes 4,370 (428 ) 3,942 Segment assets 2,764,294 32,498 2,796,792

Note 9 - Accumulated Other Co20

Note 9 - Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2017
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Available for Sale Securities Balance as of December 31, 2016 $ (286 ) Change in fair value − Income tax expense − Balance at March 31, 2017 $ (286 ) Available for Sale Securities Balance as of December 31, 2015 $ (305 ) Change in fair value − Income tax expense − Balance at March 31, 2016 $ (305 )

Note 2 - Other Assets (Details

Note 2 - Other Assets (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Capitalized Computer Software, Accumulated Amortization	$ 17,400,000
Goodwill and Intangible Asset Impairment	0	$ 0	$ 0
Other Assets [Member]
Indefinite-Lived Franchise Rights	7,000,000		$ 7,000,000
Computer Software, Intangible Asset [Member]
Interest Costs Capitalized	$ 32,200,000
Finite-Lived Intangible Asset, Useful Life	15 years
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	$ 3,400,000
Finite-Lived Intangible Assets, Amortization Expense, Year Two	3,400,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three	3,400,000
Finite-Lived Intangible Assets, Amortization Expense, Year Four	3,400,000
Finite-Lived Intangible Assets, Amortization Expense, Year Five	3,400,000
Computer Software, Intangible Asset [Member] | Depreciation and Amortization [Member]
Amortization of Intangible Assets	$ 900,000	$ 800,000

Note 4 - Earnings Per Share - E

Note 4 - Earnings Per Share - Earnings Per Share Calculation (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Numerator for basic and diluted earnings per share – Net income available to common shareholders	$ 14,479	$ 2,395
Denominator for basic earnings per share – weighted average shares outstanding (in shares)	39,409	40,553
Effect of dilutive securities– Employee stock options and restricted stock awards (in shares)	1,292	496
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions (in shares)	40,701	41,049
Basic earnings per common share (in dollars per share)	$ 0.37	$ 0.06
Diluted earnings per common share and common share equivalents (in dollars per share)	$ 0.36	$ 0.06

Note 4 - Earnings Per Share - A

Note 4 - Earnings Per Share - Anti-dilutive Securities (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Weighted average anti-dilutive options (in shares)	729	2,520

Note 5 - Stock Options and Re24

Note 5 - Stock Options and Restricted Stock Awards (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Tax Expense (Benefit)	$ 7,579	$ 1,547
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Stock Options	$ 11,600
Employee Stock Option [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	3 years 73 days
Restricted Stock Units (RSUs) [Member]
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options	$ 11,300
Selling, General and Administrative Expenses [Member] | Employee Stock Option [Member]
Allocated Share-based Compensation Expense	4,800	$ 3,600
Accounting Standards Update 2016-09 [Member]
Income Tax Expense (Benefit)	$ (1,100)

Note 6 - Financial Instrument25

Note 6 - Financial Instruments and Fair Value (Details Textual)	3 Months Ended						6 Months Ended	12 Months Ended
	Mar. 31, 2017USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2011USD ($)
Asset Impairment Charges				$ 7,718,000				$ 427,000	$ 1,000,000
Impairment of Real Estate			$ 400,000	7,100,000
Number of Real Estate Properties Sold During Period	1						4
Real Estate Held-for-sale	$ 1,000,000						$ 6,100,000
Selling, General and Administrative Expenses [Member] | Truck Segment [Member]
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property				$ (7,100,000)
Auction Rate Securities [Member]
Available-for-sale Securities	6,231,000						6,231,000
Available-for-sale Securities, Amortized Cost Basis	$ 6,700,000						$ 6,700,000
Auction Rate Securities Redeemed		$ 200,000	$ 250,000		$ 275,000	$ 150,000
Derivative, Basis Spread on Variable Rate	2.25%

Note 6 - Financial Instrument26

Note 6 - Financial Instruments and Fair Value - Investment in Auction Rate Securities, Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Fair Value, Inputs, Level 1 [Member]
Available-for-sale Securities
Fair Value, Inputs, Level 2 [Member]
Available-for-sale Securities
Fair Value, Inputs, Level 3 [Member]
Available-for-sale Securities	$ 6,231	$ 6,231

Note 6 - Financial Instrument27

Note 6 - Financial Instruments and Fair Value - Investment in Auction Rate Securities (Details) - Auction Rate Securities [Member] - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2017	Dec. 31, 2016
Available-for-sale Securities, Amortized Cost Basis	$ 6,700,000	$ 6,700,000
Gross unrealized loss in accumulated OCI	469,000	469,000
Available-for-sale Securities	$ 6,231,000	$ 6,231,000

Note 6 - Financial Instrument28

Note 6 - Financial Instruments and Fair Value - Pre-tax Effect of Interest Rate Swaps (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Long-lived assets held for sale, Fair value	$ 12,932
Long-lived assets held for sale, Gain (Loss) Included in Earnings

Note 7 - Segment Information (D

Note 7 - Segment Information (Details Textual)	3 Months Ended
	Mar. 31, 2017
Truck Segment [Member]
Number of Reportable Segments	1
Other Segments [Member]
Number of Operating Segments	3

Note 7 - Segment Information -

Note 7 - Segment Information - Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Revenues from external customers	$ 1,044,797	$ 1,070,840
Segment operating income (loss)	24,849	8,181
Segment income (loss) before taxes	22,058	3,942
Segment assets	2,639,561	2,796,792	$ 2,603,047
Truck Segment [Member]
Revenues from external customers	1,040,853	1,067,290
Segment operating income (loss)	24,994	8,568
Segment income (loss) before taxes	22,244	4,370
Segment assets	2,603,945	2,764,294
Other Segments [Member]
Revenues from external customers	3,944	3,550
Segment operating income (loss)	(145)	(387)
Segment income (loss) before taxes	(186)	(428)
Segment assets	$ 35,616	$ 32,498

Note 8 - Income Taxes (Details

Note 8 - Income Taxes (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 2,400,000		$ 2,400,000
Unrecognized Tax Benefits, Income Tax Penalties Accrued	0		0
Unrecognized Tax Benefits, Interest on Income Taxes Expense	145,000		$ 145,000
Income Tax Expense (Benefit)	7,579,000	$ 1,547,000
Accounting Standards Update 2016-09 [Member]
Income Tax Expense (Benefit)	$ (1,100,000)
Domestic Tax Authority [Member] | Earliest Tax Year [Member]
Open Tax Year	2,013
Domestic Tax Authority [Member] | Latest Tax Year [Member]
Open Tax Year	2,016
State and Local Jurisdiction [Member] | Earliest Tax Year [Member]
Open Tax Year	2,012
State and Local Jurisdiction [Member] | Latest Tax Year [Member]
Open Tax Year	2,016

Note 9 - Accumulated Other Co32

Note 9 - Accumulated Other Comprehensive Income (Loss) - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Balance	$ 862,825
Balance	881,354
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Balance	(286)	$ (305)
Change in fair value
Income tax expense
Balance	$ (286)	$ (305)

Note 10 - Restructuring Costs (

Note 10 - Restructuring Costs (Details Textual)	3 Months Ended			6 Months Ended	12 Months Ended
	Mar. 31, 2017USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2011USD ($)
Asset Impairment Charges			$ 7,718,000		$ 427,000	$ 1,000,000
Impairment of Real Estate		$ 400,000	7,100,000
Number of Real Estate Properties Sold During Period	1			4
Real Estate Held-for-sale	$ 1,000,000			$ 6,100,000
Operating Segments [Member]
Restructuring and Related Cost, Incurred Cost			8,100,000
Operating Segments [Member] | Selling, General and Administrative Expenses [Member]
Asset Impairment Charges			2,700,000
Impairment of Real Estate			$ 5,000,000

Note 11 - New Accounting Pron34

Note 11 - New Accounting Pronouncements (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Tax Expense (Benefit)	$ 7,579	$ 1,547
Accounting Standards Update 2016-09 [Member]
Income Tax Expense (Benefit)	$ (1,100)