Rush Enterprises (RUSHA) 10-Q 8 Nov 19 2019 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	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 (Cu

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 (_2

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 Inco

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

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 Consolid

Note 1 - Principles of Consolidation and Basis of Presentation	9 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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 $9.4 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 September 30, 2019 three September 30, 2018, nine September 30, 2019 nine September 30, 2018. five In the first 2018, 350 40, first 2018, May 2018. February 2018 May 2018. nine September 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 million at September 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. September 30, 2019, On April 25, 2019, CAD250 not September 30, 2019 September 30, 2019,

Note 3 - Commitments and Contin

Note 3 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
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 not no no not

Note 4 - Earnings Per Share

Note 4 - Earnings Per Share	9 Months Ended
	Sep. 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 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 nine September 30, 2019 2018 not 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 Rest

Note 5 - Stock Options and Restricted Stock Awards	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
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,” 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 September 30, 2019, three September 30, 2018. nine September 30, 2019 nine September 30, 2018, As of September 30, 2019, 2.4 1.4

Note 6 - Financial Instruments

Note 6 - Financial Instruments and Fair Value	9 Months Ended
	Sep. 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 September 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

Note 7 - Segment Information

Note 7 - Segment Information	9 Months Ended
	Sep. 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 September 30, 2019 2018 Truck Segment All Other Total As of and for the three months ended September 30, 201 9 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, 201 9 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

Note 8 - Income Taxes	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Income Tax Disclosure [Text Block]	8 The Company had unrecognized income tax benefits totaling $2.4 September 30, 2019 December 31, 2018, may $139,000 September 30, 2019 December 31, 2018. The Company does not twelve September 30, 2019, December 31, 2017 2018 December 31, 2014 2018 The Company adopted ASU 2016 09 January 1, 2017, third 2019 third 2018. first nine 2019 first nine 2018.

Note 9 - Revenue

Note 9 - Revenue	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	9 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 nine September 30, 2019 2018 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 September 30, 2019.

Note 10 - Leases

Note 10 - Leases	9 Months Ended
	Sep. 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 nine September 30, 2019 three nine September 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 one ten 2019 842. three September 30, 2019, nine September 30, 2019. The Company usually guarantees the residual value of vehicles under operating lease and finance lease arrangements. At September 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 one 88 one 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 September 30, 2019 Lease of Vehicles as Lessor The Company leases commercial vehicles that the Company owns to customers primarily over periods of one ten 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 September 30, 2019 Minimum rental payments to be received for non-cancelable leases and subleases in effect as of September 30, 2019, 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 September 30, 2019 Rental income during the three nine September 30, 2019, September 30, 2018, 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, 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	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	1 1 – Shareholders’ Equity The Company declared and paid a $0.12 per common share cash dividend in the first second 2019 third 2019. Common Stock Accumulated Shares Outstanding $0.01 Par Additional Pain-In Treasury Retained Other Comprehensive (in thousands) 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 Stock options exercised and stock awards 36 – – 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 60 – 1 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 – – – – – – 55 55 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 Com

Note 12 - Accumulated Other Comprehensive Income	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
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.

Note 13 - New Accounting Pronou

Note 13 - New Accounting Pronouncements	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	1 3 – New Accounting Pronouncements 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)	9 Months Ended
	Sep. 30, 2019
Notes Tables
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 (T

Note 7 - Segment Information (Tables)	9 Months Ended
	Sep. 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 September 30, 201 9 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, 201 9 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)

Note 9 - Revenue (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
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)

Note 10 - Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
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

Note 11 - Shareholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	Common Stock Accumulated Shares Outstanding $0.01 Par Additional Pain-In Treasury Retained Other Comprehensive (in thousands) 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 Stock options exercised and stock awards 36 – – 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 60 – 1 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 – – – – – – 55 55 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 C_2

Note 12 - Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Sep. 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 ) Foreign currency translation adjustment 55 Balance at September 30, 2019 (66 )

Note 2 - Other Assets (Details

Note 2 - Other Assets (Details Textual) $ in Thousands, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Apr. 25, 2019CAD ($)	Feb. 25, 2019	Dec. 31, 2018USD ($)
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 - E

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

Note 4 - Earnings Per Share - A

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 Re_2

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	$ 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 (D

Note 7 - Segment Information (Details Textual)	9 Months Ended
	Sep. 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		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

Note 8 - Income Taxes (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	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 - Disaggregate

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 Textu

Note 10 - Leases (Details Textual) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2019USD ($)
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 (

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 o

Note 10 - Leases - Maturities of Lease Liabilities (Details) $ in Thousands	Sep. 30, 2019USD ($)
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
2024 and beyond, finance leases	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 Minim

Note 10 - Leases - Future Minimum Rental Receivable (Details) $ in Thousands	Sep. 30, 2019USD ($)
2019 (a)	$ 33,641	[1]
2020	119,913
2021	92,496
2022	68,141
2023	46,656
Thereafter	41,986
Total	$ 402,833
[1]	Excluding the nine months ended September 30, 2019

Note 10 - Leases - Rental Incom

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 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				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' Equit_3

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 C_3

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 C_4

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