Rush Enterprises (RUSHA) 10-Q 9 Aug 19 2019 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Jul. 31, 2019
Document Information [Line Items]
Entity Central Index Key	0001012019
Entity Shell Company	false
Entity Registrant Name	RUSH ENTERPRISES INC \TX\
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2019
Entity Small Business	false
Entity Emerging Growth Company	false
Document Quarterly Report	true
Document Transition Report	false
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
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
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		8,341,564
Title of 12(b) Security	Class B Common Stock
Trading Symbol	RUSHB
Security Exchange Name	NASDAQ
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		27,993,723
Title of 12(b) Security	Class A Common Stock
Trading Symbol	RUSHA
Security Exchange Name	NASDAQ

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 111,346,000	$ 131,726,000
Accounts receivable, net	226,178,000	190,650,000
Note receivable affiliate	16,365,000	12,885,000
Inventories, net	1,512,445,000	1,339,923,000
Prepaid expenses and other	15,788,000	10,491,000
Assets held for sale	419,000	2,269,000
Total current assets	1,882,541,000	1,687,944,000
Property and equipment, net	1,237,189,000	1,184,053,000
Operating lease right-of-use assets, net	51,590,000	0
Goodwill, net	292,142,000	291,391,000
Other assets, net	67,233,000	37,962,000
Total assets	3,530,695,000	3,201,350,000
Current liabilities:
Floor plan notes payable	1,190,136,000	1,023,019,000
Line of credit	60,000,000	0
Current maturities of long-term debt	149,743,000	161,955,000
Current maturities of finance lease obligations	20,326,000	19,631,000
Current maturities of operating lease obligations	9,524,000	0
Trade accounts payable	144,743,000	127,451,000
Customer deposits	28,886,000	36,183,000
Accrued expenses	94,893,000	125,056,000
Total current liabilities	1,698,251,000	1,493,295,000
Long-term debt, net of current maturities	457,531,000	439,218,000
Finance lease obligations, net of current maturities	53,357,000	49,483,000
Operating lease obligations, net of current maturities	42,271,000	0
Other long-term liabilities	19,552,000	11,118,000
Deferred income taxes, net	146,209,000	141,308,000
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; 28,022,583 Class A shares and 8,396,099 Class B shares outstanding in 2019; and 28,709,636 Class A shares and 8,290,277 Class B shares outstanding in 2018	462,000	458,000
Additional paid-in capital	384,940,000	370,025,000
Treasury stock, at cost: 4,682,727 Class A shares and 5,150,728 Class B shares in 2019 and 3,791,751 Class A shares and 5,030,787 Class B shares in 2018	(283,952,000)	(245,842,000)
Retained earnings	1,012,195,000	942,287,000
Accumulated other comprehensive income	(121,000)	0
Total shareholders’ equity	1,113,524,000	1,066,928,000
Total liabilities and shareholders’ equity	$ 3,530,695,000	$ 3,201,350,000

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jun. 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)	28,022,583	28,709,636
Treasury stock (in shares)	4,682,727	3,791,751
Common Class B [Member]
Common stock, authorized (in shares)	20,000,000	20,000,000
Common stock, outstanding (in shares)	8,396,099	8,290,277
Treasury stock (in shares)	5,150,728	5,030,787

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenues:
Revenue	$ 1,482,970	$ 1,289,838	$ 2,771,854	$ 2,473,095
Lease and rental sales	61,591	58,993	121,024	116,517
Total revenue	1,544,561	1,348,831	2,892,878	2,589,612
Cost of products sold:
Lease and rental sales	51,298	48,663	101,093	97,091
Total cost of products sold	1,275,055	1,105,454	2,366,456	2,119,240
Gross profit	269,506	243,377	526,422	470,372
Selling, general and administrative expense	193,981	178,654	381,162	350,324
Depreciation and amortization expense	13,594	21,693	26,519	44,601
Gain (loss) on sale of assets	(139)	396	(82)	368
Operating income	61,792	43,426	118,659	75,815
Equity in earnings of unconsolidated entities	690	0	739	0
Interest expense, net	8,072	4,494	15,430	8,800
Income before taxes	54,410	38,932	103,968	67,015
Provision for income taxes	12,789	9,543	25,243	16,587
Net income	$ 41,621	$ 29,389	$ 78,725	$ 50,428
Earnings per common share:
Basic (in dollars per share)	$ 1.13	$ 75	$ 2.14	$ 1.27
Diluted (in dollars per share)	$ 1.10	$ 72	$ 2.08	$ 1.23
Weighted average shares outstanding:
Basic (in shares)	36,852	39,399	36,847	39,567
Diluted (in shares)	37,695	40,690	37,764	40,967
Dividends declared per common share (in dollars per share)	$ 0.12	$ 0	$ 0.24	$ 0
Comprehensive income	$ 41,116	$ 29,389	$ 78,604	$ 50,428
New and Used Commercial Vehicle [Member]
Revenues:
Revenue	1,024,801	857,025	1,863,084	1,630,125
Cost of products sold:
Cost of products sold	951,121	791,608	1,719,538	1,502,522
Parts and Service [Member]
Revenues:
Revenue	448,166	422,940	886,520	823,235
Cost of products sold:
Cost of products sold	272,636	265,183	545,825	519,627
Finance and Insurance [Member]
Revenues:
Revenue	6,401	5,492	13,011	10,233
Product and Service, Other [Member]
Revenues:
Revenue	$ 3,602	$ 4,381	$ 9,239	$ 9,502

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities:
Net income	$ 78,725	$ 50,428
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	84,982	101,020
Loss (gain) on sale of property and equipment	82	(368)
Stock-based compensation expense related to stock options and employee stock purchases	13,094	13,842
Provision for deferred income tax expense	4,901	4,750
Change in accounts and notes receivable, net	(39,008)	(22,776)
Change in inventories, net	(136,611)	(65,639)
Change in prepaid expenses and other, net	(5,297)	(834)
Change in trade accounts payable	15,717	41,242
Draws (payments) on floor plan notes payable – trade, net	(9,801)	71,303
Change in customer deposits	(7,297)	4,686
Change in accrued expenses	(30,571)	(7,671)
Other, net	(859)
Net cash (used in) provided by operating activities	(31,943)	189,983
Cash flows from investing activities:
Acquisition of property and equipment	(153,073)	(116,218)
Proceeds from the sale of property and equipment	1,950	4,239
Proceeds from the sale of available for sale securities	0	350
Business acquisitions	(10,168)	0
Purchase of equity method investment and call option	(22,499)	0
Change in other assets	2,109	(918)
Net cash (used in) investing activities	(181,681)	(112,547)
Cash flows from financing activities:
Draws on floor plan notes payable – non-trade, net	176,918	18,128
Proceeds from long-term debt	106,083	68,269
Draws on line of credit	135,000	0
Principal payments on long-term debt	(99,982)	(89,311)
Principal payments on finance lease obligations	(4,358)	(6,398)
Payments on line of credit	(75,000)
Debt issuance costs	(731)	0
Proceeds from issuance of shares relating to employee stock options and employee stock purchases	1,825	1,557
Payments of cash dividends	(8,817)	0
Common stock repurchased	(37,694)	(45,906)
Net cash provided by (used in) financing activities	193,244	(53,661)
Net (decrease) increase in cash and cash equivalents	(20,380)	23,775
Cash and cash equivalents, beginning of period	131,726	124,541
Cash and cash equivalents, end of period	111,346	148,316
Supplemental disclosure of cash flow information:
Interest	28,573	20,463
Income taxes, net of refunds	33,771	11,977
Noncash activities:
Assets acquired under finance leases	15,327	1,534
Common stock repurchased	416	216
Guaranty agreement	$ 5,025	$ 0

Note 1 - Principles of Consolid

Note 1 - Principles of Consolidation and Basis of Presentation	6 Months Ended
	Jun. 30, 2019
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, 2018. not may

Note 2 - Other Assets

Note 2 - Other Assets	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Other Assets Disclosure [Text Block]	2 ERP Platform The total capitalized costs of the Company’s SAP enterprise resource planning software platform (“ERP Platform”) of $9.8 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 June 30, 2019 three June 30, 2018, six June 30, 2019 six June 30, 2018 ( five In the first 2018, 350 40, first 2018, May 2018. February 2018 May 2018. three June 30, 2018, six June 30, 2018 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 June 30, 2019 December 31, 2018, no not 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 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 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, February 25, 2024. April 25, 2019, CAD250 June 30, 2019 13 June 30, 2019,

Note 3 - Commitments and Contin

Note 3 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
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 not no no not

Note 4 - Earnings Per Share

Note 4 - Earnings Per Share	6 Months Ended
	Jun. 30, 2019
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 June 30, Six Months Ended June 30, 2019 2018 2019 2018 Numerator: Numerator for basic and diluted earnings per share – Net income available to common shareholders $ 41,621 $ 29,389 $ 78,725 $ 50,428 Denominator– Denominator for basic earnings per share – weighted average shares outstanding 36,852 39,399 36,847 39,567 Effect of dilutive securities– Employee stock options and restricted stock awards 843 1,291 917 1,400 Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions 37,695 40,690 37,764 40,967 Basic earnings per common share $ 1.13 $ .75 $ 2.14 $ 1.27 Diluted earnings per common share and common share equivalents $ 1.10 $ .72 $ 2.08 $ 1.23 Options to purchase shares of common stock that were outstanding for the three six June 30, 2019, 2018, not Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Weighted average anti-dilutive options 1,397 753 1,186 420

Note 5 - Stock Options and Rest

Note 5 - Stock Options and Restricted Stock Awards	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	5 – Stock Options and Restricted S tock Awards Valuation and Expense Information The Company accounts for stock-based compensation in accordance with ASC 718 10, “Compensation – Stock Compensation,” 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 $4.3 million for the three June 30, 2019, three June 30, 2018. six June 30, 2019, six June 30, 2018, As of June 30, 2019,

Note 6 - Financial Instruments

Note 6 - Financial Instruments and Fair Value	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Fair Value Disclosures [Text Block]	6 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 Level 1 Level 2 not 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 June 30, 2019, December 31, 2018. The fair value of the Company’s long-term debt is based on secondary market indicators. Because the Company’s debt is not 2 Long-Lived Assets During the first 2016, 2016, 3 third June 30, 2019, The following table presents long-lived assets measured and recorded at fair value on a nonrecurring basis (in thousands): Description Fair Value Measurements Using Significant Unobservable Inputs June 30, 201 9 Long-lived assets held for sale $ 419

Note 7 - Segment Information

Note 7 - Segment Information	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	7 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 not 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 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 The following table contains summarized information about reportable segment revenues, segment income or loss from continuing operations and segment assets for the periods ended June 30, 2019 2018 Truck Segment All Other Total As of and for the three months ended June 30, 201 9 Revenues from external customers $ 1,540,237 $ 4,324 $ 1,544,561 Segment operating income 61,579 213 61,792 Segment income before taxes 54,269 141 54,410 Segment assets 3,490,254 40,441 3,530,695 For the six months ended June 30, 201 9 Revenues from external customers $ 2,884,686 $ 8,192 $ 2,892,878 Segment operating income 118,321 338 118,659 Segment income before taxes 103,774 194 103,968 As of and for the three months ended June 30, 201 8 Revenues from external customers $ 1,344,271 $ 4,560 $ 1,348,831 Segment operating income 43,126 300 43,426 Segment income before taxes 38,684 248 38,932 Segment assets 2,981,063 35,400 3,016,463 For the six months ended June 30, 201 8 Revenues from external customers $ 2,580,924 $ 8,688 $ 2,589,612 Segment operating income 75,486 329 75,815 Segment income before taxes 66,787 228 67,015

Note 8 - Income Taxes

Note 8 - Income Taxes	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Income Tax Disclosure [Text Block]	8 The Company had unrecognized income tax benefits totaling $2.4 million as a component of accrued liabilities at June 30, 2019 December 31, 2018, may $139,000 June 30, 2019 December 31, 2018. The Company does not twelve June 30, 2019, December 31, 2015 December 31, 2014 The Company adopted ASU 2016 09 January 1, 2017, second 2019 second 2018. first six 2019 first six 2018.

Note 9 - Revenue

Note 9 - Revenue	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
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 six June 30, 2019 2018 Three Months Ended Six Months Ended June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Commercial vehicle sales revenue $ 1,024,801 $ 857,025 $ 1,863,084 $ 1,630,125 Parts revenue 254,664 237,068 501,981 460,422 Commercial vehicle repair service revenue 193,502 185,872 384,539 362,813 Finance revenue 3,558 2,863 7,653 5,199 Insurance revenue 2,843 2,629 5,358 5,034 Other revenue 3,602 4,381 9,239 9,502 Total $ 1,482,970 $ 1,289,838 $ 2,771,854 $ 2,473,095 All of the Company's performance obligations and associated revenues are generally transferred to customers at a point in time. The Company does not June 30, 2019.

Note 10 - Leases

Note 10 - Leases	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Leases of Lessee and Lessor Disclosure [Text Block]	10 In February 2016, No. 2016 02, Leases ( “ Topic 842 ” ), twelve 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 The Company adopted Topic 842 January 1, 2019. January 1, 2019. three six June 30, 2019 three six June 30, 2018 not 842, twelve 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 not 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 Le ase of Vehicles as Lessee The Company leases commercial vehicles as the lessee under finance leases and operating leases. The lease terms vary from 1 month to 10 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 842. three June 30, 2019, six June 30, 2019. The Company usually guarantees the residual value of vehicles under operating lease and finance lease arrangements. At June 30, 2019, 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 1 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 1 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 Six Months Ended Component Classification June 30, 2019 June 30, 2019 Operating lease cost SG&A expense $ 3,300 $ 6,578 Finance lease cost – amortization of right-of-use assets Depreciation and amortization 3,541 6,862 Finance lease cost – interest on lease liabilities Interest expense 764 1,476 Short-term lease cost SG&A expense 200 534 Supplemental cash flow information and non-cash activity related to operating and finance leases are as follows (in thousands): Six Months Ended June 30, 2019 Operating cash flow information: Cash paid for amounts included in the measurement of lease liabilities $ 8,054 Financing cash flow information: Cash paid for amounts included in the measurement of lease liabilities $ 4,358 Non-cash activity: Operating lease right-of-use assets obtained in exchange for lease obligations $ 51,590 Weighted-average remaining lease term and discount rate for operating and finance leases are as follows: June 30, 2019 Weighted-average remaining lease term (in months) 69 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) $ 12,843 $ 6,107 2020 21,198 11,138 2021 16,726 8,990 2022 12,882 7,825 2023 7,320 6,479 2024 and beyond 10,166 27,067 Total lease payments $ 81,135 $ 67,606 Less: Imputed interest (7,452 ) (15,814 ) Present value of lease liabilities $ 73,683 $ 51,792 (a) Excluding the six June 30, 2019 Lease of Vehicles as Lessor The Company leases vehicles that the Company owns to customers primarily over periods of 1 to 10 years. The Company applied the practical expedient permitted within Topic 842 not 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 June 30, 2019 Minimum rental payments to be received for non-cancelable leases and subleases in effect as of June 30, 2019, 2019 (a) $ 64,533 2020 112,427 2021 84,798 2022 60,519 2023 39,590 Thereafter 30,824 Total $ 392,691 (a) Excluding the six June 30, 2019 Rental income during the three six June 30, 2019, June 30, 2018, Three Months Ended Six Months Ended June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Minimum rental payments $ 54,149 $ 51,512 $ 106,570 $ 102,414 Nonlease payments 7,620 7,753 14,878 14,718 Total $ 61,769 $ 59,265 $ 121,448 $ 117,132 As of December 31, 2018, 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

Note 11 - Shareholders' Equity	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
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 second 2019. Common Stock Accumulated Shares Outstanding $0.01 Par Additional Paid-In Treasury Retained Other Comprehensive (in thousands) Class A Class B Value Capital Stock Earnings Income Total Balance, December 31, 201 8 28,710 8,290 $ 458 $ 370,025 $ (245,842 ) $ 942,287 $ - $ 1,066,928 Stock options exercised and stock awards 59 – 1 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 (2,317 ) – – – (2,315 ) Issuance of common stock under employee stock purchase plan 57 – 1 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 – – – – – – 384 384 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 87 – – 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 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, 201 7 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

Note 12 - Accumulated Other Com

Note 12 - Accumulated Other Comprehensive Income	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	1 2 – 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 ) The equity method investment in RTC Canada was valued using the Canadian exchange rate of 1.3135 at June 30, 2019.

Note 13 - Guaranty

Note 13 - Guaranty	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Guarantees [Text Block]	1 3 – Guarant y On April 25, 2019, not June 30, 2019

Note 14 - New Accounting Pronou

Note 14 - New Accounting Pronouncement	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	14 In June 2016, No. 2016 13, "Financial Instruments - Credit Losses (Topic 326 December 15, 2019, not

Note 4 - Earnings Per Share (Ta

Note 4 - Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Numerator: Numerator for basic and diluted earnings per share – Net income available to common shareholders $ 41,621 $ 29,389 $ 78,725 $ 50,428 Denominator– Denominator for basic earnings per share – weighted average shares outstanding 36,852 39,399 36,847 39,567 Effect of dilutive securities– Employee stock options and restricted stock awards 843 1,291 917 1,400 Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions 37,695 40,690 37,764 40,967 Basic earnings per common share $ 1.13 $ .75 $ 2.14 $ 1.27 Diluted earnings per common share and common share equivalents $ 1.10 $ .72 $ 2.08 $ 1.23
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Weighted average anti-dilutive options 1,397 753 1,186 420

Note 6 - Financial Instrument_2

Note 6 - Financial Instruments and Fair Value (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]	Description Fair Value Measurements Using Significant Unobservable Inputs June 30, 201 9 Long-lived assets held for sale $ 419

Note 7 - Segment Information (T

Note 7 - Segment Information (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Truck Segment All Other Total As of and for the three months ended June 30, 201 9 Revenues from external customers $ 1,540,237 $ 4,324 $ 1,544,561 Segment operating income 61,579 213 61,792 Segment income before taxes 54,269 141 54,410 Segment assets 3,490,254 40,441 3,530,695 For the six months ended June 30, 201 9 Revenues from external customers $ 2,884,686 $ 8,192 $ 2,892,878 Segment operating income 118,321 338 118,659 Segment income before taxes 103,774 194 103,968 As of and for the three months ended June 30, 201 8 Revenues from external customers $ 1,344,271 $ 4,560 $ 1,348,831 Segment operating income 43,126 300 43,426 Segment income before taxes 38,684 248 38,932 Segment assets 2,981,063 35,400 3,016,463 For the six months ended June 30, 201 8 Revenues from external customers $ 2,580,924 $ 8,688 $ 2,589,612 Segment operating income 75,486 329 75,815 Segment income before taxes 66,787 228 67,015

Note 9 - Revenue (Tables)

Note 9 - Revenue (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended Six Months Ended June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Commercial vehicle sales revenue $ 1,024,801 $ 857,025 $ 1,863,084 $ 1,630,125 Parts revenue 254,664 237,068 501,981 460,422 Commercial vehicle repair service revenue 193,502 185,872 384,539 362,813 Finance revenue 3,558 2,863 7,653 5,199 Insurance revenue 2,843 2,629 5,358 5,034 Other revenue 3,602 4,381 9,239 9,502 Total $ 1,482,970 $ 1,289,838 $ 2,771,854 $ 2,473,095

Note 10 - Leases (Tables)

Note 10 - Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Lease, Cost [Table Text Block]	Three Months Ended Six Months Ended Component Classification June 30, 2019 June 30, 2019 Operating lease cost SG&A expense $ 3,300 $ 6,578 Finance lease cost – amortization of right-of-use assets Depreciation and amortization 3,541 6,862 Finance lease cost – interest on lease liabilities Interest expense 764 1,476 Short-term lease cost SG&A expense 200 534 Six Months Ended June 30, 2019 Operating cash flow information: Cash paid for amounts included in the measurement of lease liabilities $ 8,054 Financing cash flow information: Cash paid for amounts included in the measurement of lease liabilities $ 4,358 Non-cash activity: Operating lease right-of-use assets obtained in exchange for lease obligations $ 51,590 June 30, 2019 Weighted-average remaining lease term (in months) 69 Weighted-average discount rate 4.5 %
Lessee, Lease Liability, Maturity [Table Text Block]	Finance Leases Operating Leases 2019 (a) $ 12,843 $ 6,107 2020 21,198 11,138 2021 16,726 8,990 2022 12,882 7,825 2023 7,320 6,479 2024 and beyond 10,166 27,067 Total lease payments $ 81,135 $ 67,606 Less: Imputed interest (7,452 ) (15,814 ) Present value of lease liabilities $ 73,683 $ 51,792
Lessor, Operating Lease, Payments to be Received, Maturity [Table Text Block]	2019 (a) $ 64,533 2020 112,427 2021 84,798 2022 60,519 2023 39,590 Thereafter 30,824 Total $ 392,691
Leases, Lease Income [Table Text Block]	Three Months Ended Six Months Ended June 30, 2019 June 30, 2018 June 30, 2019 June 30, 2018 Minimum rental payments $ 54,149 $ 51,512 $ 106,570 $ 102,414 Nonlease payments 7,620 7,753 14,878 14,718 Total $ 61,769 $ 59,265 $ 121,448 $ 117,132
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

Note 11 - Shareholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	Common Stock Accumulated Shares Outstanding $0.01 Par Additional Paid-In Treasury Retained Other Comprehensive (in thousands) Class A Class B Value Capital Stock Earnings Income Total Balance, December 31, 201 8 28,710 8,290 $ 458 $ 370,025 $ (245,842 ) $ 942,287 $ - $ 1,066,928 Stock options exercised and stock awards 59 – 1 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 (2,317 ) – – – (2,315 ) Issuance of common stock under employee stock purchase plan 57 – 1 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 – – – – – – 384 384 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 87 – – 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 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, 201 7 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

Note 12 - Accumulated Other C_2

Note 12 - Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
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 )

Note 2 - Other Assets (Details

Note 2 - Other Assets (Details Textual) $ in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Apr. 25, 2019CAD ($)	Feb. 25, 2019	Dec. 31, 2018USD ($)
Capitalized Computer Software, Net, Ending Balance	$ 9,800		$ 9,800
Capitalized Computer Software, Amortization	500	$ 9,700	1,000	$ 20,700
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	24,300		24,300
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		$ 9,700		$ 19,900

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		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Numerator for basic and diluted earnings per share – Net income available to common shareholders	$ 41,621	$ 29,389	$ 78,725	$ 50,428
Denominator for basic earnings per share – weighted average shares outstanding (in shares)	36,852	39,399	36,847	39,567
Effect of dilutive securities– Employee stock options and restricted stock awards (in shares)	843	1,291	917	1,400
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions (in shares)	37,695	40,690	37,764	40,967
Basic earnings per common share (in dollars per share)	$ 1.13	$ 75	$ 2.14	$ 1.27
Diluted earnings per common share and common share equivalents (in dollars per share)	$ 1.10	$ 72	$ 2.08	$ 1.23

Note 4 - Earnings Per Share - A

Note 4 - Earnings Per Share - Anti-dilutive Securities (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Weighted average anti-dilutive options (in shares)	1,397	753	1,186	420

Note 5 - Stock Options and Re_2

Note 5 - Stock Options and Restricted Stock Awards (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share-based Payment Arrangement, Option [Member]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 10.5		$ 10.5
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition			2 years 6 months
Share-based Payment Arrangement, Option [Member] | Selling, General and Administrative Expenses [Member]
Share-based Payment Arrangement, Expense	4.3	$ 5.9	$ 13.1	$ 13.8
Restricted Stock Units (RSUs) [Member]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 12		$ 12
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition			1 year 6 months

Note 6 - Financial Instrument_3

Note 6 - Financial Instruments and Fair Value - Pre-tax Effect of Interest Rate Swaps (Details) $ in Thousands	Jun. 30, 2019USD ($)
Long-lived assets held for sale, fair value	$ 419

Note 7 - Segment Information (D

Note 7 - Segment Information (Details Textual)	6 Months Ended
	Jun. 30, 2019
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		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Revenues from external customers	$ 1,544,561	$ 1,348,831	$ 2,892,878	$ 2,589,612
Segment operating income	61,792	43,426	118,659	75,815
Segment income before taxes	54,410	38,932	103,968	67,015
Segment assets	3,530,695	3,016,463	3,530,695	3,016,463	$ 3,201,350
Truck Segment [Member]
Revenues from external customers	1,540,237	1,344,271	2,884,686	2,580,924
Segment operating income	61,579	43,126	118,321	75,486
Segment income before taxes	54,269	38,684	103,774	66,787
Segment assets	3,490,254	2,981,063	3,490,254	2,981,063
Other Segments [Member]
Revenues from external customers	4,324	4,560	8,192	8,688
Segment operating income	213	300	338	329
Segment income before taxes	141	248	194	228
Segment assets	$ 40,441	$ 35,400	$ 40,441	$ 35,400

Note 8 - Income Taxes (Details

Note 8 - Income Taxes (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 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	$ 132,000	$ 191,000	$ 62,000	$ 169,000
Domestic Tax Authority [Member]
Open Tax Year			2018
State and Local Jurisdiction [Member]
Open Tax Year			2018

Note 9 - Revenue - Disaggregate

Note 9 - Revenue - Disaggregated Revenue by Revenue Source (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue	$ 1,482,970	$ 1,289,838	$ 2,771,854	$ 2,473,095
Commercial Vehicle [Member]
Revenue	1,024,801	857,025	1,863,084	1,630,125
Parts [Member]
Revenue	254,664	237,068	501,981	460,422
Commercial Vehicle Repair Service [Member]
Revenue	193,502	185,872	384,539	362,813
Financial Service [Member]
Revenue	3,558	2,863	7,653	5,199
Insurance [Member]
Revenue	2,843	2,629	5,358	5,034
Product and Service, Other [Member]
Revenue	$ 3,602	$ 4,381	$ 9,239	$ 9,502

Note 10 - Leases (Details Textu

Note 10 - Leases (Details Textual) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019USD ($)
Sublease Income	$ 5.7	$ 11.8
Lessee, Leases, Residual Value Guarantee, Amount	40.4	$ 40.4
Lessee, Operating Lease, Option To Terminate Term		1 year
Other Assets [Member]
Sales-type Lease, Lease Receivable	$ 5.5	$ 5.5
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 (

Note 10 - Leases - Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Jun. 30, 2018
Cash paid for amounts included in the measurement of lease liabilities		$ 8,054
Cash paid for amounts included in the measurement of lease liabilities		4,358	$ 6,398
Operating lease right-of-use assets obtained in exchange for lease obligations		$ 51,590
Weighted-average remaining lease term (in months) (Month)		69 months
Weighted-average discount rate	4.50%	4.50%
Selling, General and Administrative Expenses [Member]
Operating lease cost	$ 3,300	$ 6,578
Short-term lease cost	200	534
Depreciation and Amortization [Member]
Finance lease cost – amortization of right-of-use assets	3,541	6,862
Interest Expense [Member]
Finance lease cost – interest on lease liabilities	$ 764	$ 1,476

Note 10 - Leases - Maturities o

Note 10 - Leases - Maturities of Lease Liabilities (Details) $ in Thousands	Jun. 30, 2019USD ($)
2019 (a)	$ 12,843	[1]
2019 (a)	6,107	[1]
2020	21,198
2020	11,138
2021	16,726
2021	8,990
2022	12,882
2022	7,825
2023	7,320
2023	6,479
2024 and beyond	10,166
2024 and beyond	27,067
Total lease payments	81,135
Total lease payments	67,606
Less: Imputed interest	(7,452)
Less: Imputed interest	(15,814)
Present value of lease liabilities	73,683
Present value of lease liabilities	$ 51,792
[1]	Excluding the six months ended June 30, 2019

Note 10 - Leases - Future Minim

Note 10 - Leases - Future Minimum Rental Receivable (Details) $ in Thousands	Jun. 30, 2019USD ($)
2019 (a)	$ 64,533	[1]
2020	112,427
2021	84,798
2022	60,519
2023	39,590
Thereafter	30,824
Total	$ 392,691
[1]	Excluding the six months ended June 30, 2019

Note 10 - Leases - Rental Incom

Note 10 - Leases - Rental Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Minimum rental payments	$ 54,149	$ 51,512	$ 106,570	$ 102,414
Nonlease payments	7,620	7,753	14,878	14,718
Total	$ 61,769	$ 59,265	$ 121,448	$ 117,132

Note 10 - Leases - Minimum Leas

Note 10 - Leases - Minimum Lease Payments Under Non-cancelable Leases (Details) $ in Thousands	Dec. 31, 2018USD ($)
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' Equit_2

Note 11 - Shareholders' Equity (Details Textual) - $ / shares	3 Months Ended			6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Common Stock, Dividends, Per Share, Declared	$ 0.12	$ 0.12	$ 0	$ 0.24	$ 0

Note 11 - Shareholders' Equit_3

Note 11 - Shareholders' Equity - Schedule of Shareholders' Equity (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2018	Mar. 31, 2018	Jun. 30, 2019	Jun. 30, 2018
Balance	$ 1,083,421,000	$ 1,066,928,000	$ 1,031,669,000	$ 1,040,373,000	$ 1,066,928,000	$ 1,040,373,000
Stock options exercised and stock awards	1,745,000	1,231,000	1,184,000	766,000
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan	4,258,000	8,836,000	5,949,000	7,893,000
Vesting of restricted share awards	(517,000)	(2,315,000)	(128,000)	(1,619,000)
Issuance of common stock under employee stock purchase plan	0	1,681,000		1,354,000
Common stock repurchases	(12,062,000)	(26,048,000)	(7,985,000)	(38,137,000)
Foreign currency translation adjustment	(505,000)	384,000
Net income	41,621,000	37,104,000	29,389,000	21,039,000	78,725,000	50,428,000
Balance	1,113,524,000	1,083,421,000	1,060,078,000	1,031,669,000	1,113,524,000	1,060,078,000
Common Class A [Member]
Dividend	(3,387,000)	(3,389,000)
Common Class B [Member]
Dividend	(1,050,000)	(991,000)
Common Stock Outstanding [Member]
Balance	462,000	458,000	457,000	454,000	458,000	454,000
Stock options exercised and stock awards	0	1,000	0	0
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan	0	0	0	0
Vesting of restricted share awards	0	2,000	0	2,000
Issuance of common stock under employee stock purchase plan	0	1,000		1,000
Common stock repurchases	0	0	0	0
Dividend	0	0
Foreign currency translation adjustment	0	0
Net income	0	0	0	0
Balance	$ 462,000	$ 462,000	$ 457,000	$ 457,000	$ 462,000	$ 457,000
Common Stock Outstanding [Member] | Common Class A [Member]
Balance (in shares)	28,187,000	28,710,000	30,583,000	31,345,000	28,710,000	31,345,000
Stock options exercised and stock awards (in shares)	87,000	59,000	64,000	30,000
Vesting of restricted share awards (in shares)		0	0	1,000
Issuance of common stock under employee stock purchase plan (in shares)		57,000		41,000
Common stock repurchases (in shares)	(251,000)	(639,000)	0	(834,000)
Balance (in shares)	28,023,000	28,187,000	30,647,000	30,583,000	28,023,000	30,647,000
Common Stock Outstanding [Member] | Common Class B [Member]
Balance (in shares)	8,463,000	8,290,000	8,623,000	8,469,000	8,290,000	8,469,000
Stock options exercised and stock awards (in shares)	0	0	0	0
Vesting of restricted share awards (in shares)		226,000	1,000	226,000
Issuance of common stock under employee stock purchase plan (in shares)		0		0
Common stock repurchases (in shares)	(67,000)	(53,000)	(194,000)	(72,000)
Balance (in shares)	8,396,000	8,463,000	8,430,000	8,623,000	8,396,000	8,430,000
Additional Paid-in Capital [Member]
Balance	$ 379,454,000	$ 370,025,000	$ 356,435,000	$ 348,044,000	$ 370,025,000	$ 348,044,000
Stock options exercised and stock awards	1,745,000	1,230,000	1,184,000	766,000
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan	4,258,000	8,836,000	5,949,000	7,893,000
Vesting of restricted share awards	(517,000)	(2,317,000)	(128,000)	(1,621,000)
Issuance of common stock under employee stock purchase plan	0	1,680,000		1,353,000
Common stock repurchases	0	0	0	0
Dividend	0	0
Foreign currency translation adjustment	0	0
Net income	0	0	0	0
Balance	384,940,000	379,454,000	363,440,000	356,435,000	384,940,000	363,440,000
Treasury Stock [Member]
Balance	(271,890,000)	(245,842,000)	(158,819,000)	(120,682,000)	(245,842,000)	(120,682,000)
Stock options exercised and stock awards	0	0	0	0
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan	0	0	0	0
Vesting of restricted share awards	0	0	0	0
Issuance of common stock under employee stock purchase plan	0	0		0
Common stock repurchases	(12,062,000)	(26,048,000)	(7,985,000)	(38,137,000)
Dividend	0	0
Foreign currency translation adjustment	0	0
Net income	0	0	0	0
Balance	(283,952,000)	(271,890,000)	(166,804,000)	(158,819,000)	(283,952,000)	(166,804,000)
Retained Earnings [Member]
Balance	975,011,000	942,287,000	833,596,000	812,557,000	942,287,000	812,557,000
Stock options exercised and stock awards	0	0	0	0
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan	0	0	0	0
Vesting of restricted share awards	0	0	0	0
Issuance of common stock under employee stock purchase plan	0	0		0
Common stock repurchases	0	0	0	0
Foreign currency translation adjustment	0	0
Net income	41,621,000	37,104,000	29,389,000	21,039,000
Balance	1,012,195,000	975,011,000	$ 862,985,000	$ 833,596,000	1,012,195,000	$ 862,985,000
Retained Earnings [Member] | Common Class A [Member]
Dividend	(3,387,000)	(3,389,000)
Retained Earnings [Member] | Common Class B [Member]
Dividend	(1,050,000)	(991,000)
AOCI Attributable to Parent [Member]
Balance	384,000	0			0
Stock options exercised and stock awards	0	0
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan	0	0
Vesting of restricted share awards	0	0
Issuance of common stock under employee stock purchase plan	0	0
Common stock repurchases	0	0
Dividend	0	0
Foreign currency translation adjustment	(505,000)	384,000
Net income	0	0
Balance	$ (121,000)	$ 384,000			$ (121,000)

Note 12 - Accumulated Other C_3

Note 12 - Accumulated Other Comprehensive Income (Details Textual)	Jun. 30, 2019
Rush Truck Centres of Canada Limited [Member]
Foreign Currency Exchange Rate, Translation	1.3135

Note 12 - Accumulated Other C_4

Note 12 - Accumulated Other Comprehensive Income - Components of Accumulated Other Comprehensive Income (Details) - USD ($)	3 Months Ended
	Jun. 30, 2019	Mar. 31, 2019
Balance	$ 1,083,421,000	$ 1,066,928,000
Foreign currency translation adjustment	(505,000)	384,000
Balance	1,113,524,000	1,083,421,000
AOCI Attributable to Parent [Member]
Balance	384,000	0
Foreign currency translation adjustment	(505,000)	384,000
Balance	$ (121,000)	$ 384,000

Note 13 - Guaranty (Details Tex

Note 13 - Guaranty (Details Textual) - USD ($) $ in Millions	Jun. 30, 2019	Feb. 25, 2019
Financial Guarantee [Member] | Other Noncurrent Liabilities [Member]
Guarantor Obligations, Current Carrying Value	$ 5
Rush Truck Centres of Canada Limited [Member]
Equity Method Investment, Ownership Percentage		50.00%