Rush Enterprises (RUSHA) 10-Q 7 Nov 24 2024 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Nov. 01, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	0-20797
Entity Registrant Name	RUSH ENTERPRISES, INC.
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
Entity Central Index Key	0001012019
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Amendment Flag	false
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		62,331,889
Title of 12(b) Security	Class A Common Stock, $0.01 par value
Trading Symbol	RUSHA
Security Exchange Name	NASDAQ
Common Class B [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		16,694,547
Title of 12(b) Security	Class B Common Stock, $0.01 par value
Trading Symbol	RUSHB
Security Exchange Name	NASDAQ

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash, cash equivalents and restricted cash	$ 185,073	$ 183,725
Accounts receivable, net	282,553	259,353
Notes receivable from affiliate	6,905
Inventories, net	1,964,835	1,801,447
Prepaid expenses and other	21,027	15,779
Total current assets	2,460,393	2,260,304
Property and equipment, net	1,568,056	1,488,086
Operating lease right-of-use assets, net	116,085	120,162
Goodwill, net	430,004	420,708
Other assets, net	73,933	74,981
Total assets	4,648,471	4,364,241
Current liabilities:
Floor plan notes payable	1,285,033	1,139,744
Current maturities of finance lease obligations	38,693	36,119
Current maturities of operating lease obligations	16,855	17,438
Trade accounts payable	173,777	162,134
Customer deposits	87,114	145,326
Accrued expenses	150,560	172,549
Total current liabilities	1,752,032	1,673,310
Long-term debt, net of current maturities	399,674	414,002
Finance lease obligations, net of current maturities	92,061	97,617
Operating lease obligations, net of current maturities	101,464	104,514
Other long-term liabilities	29,712	24,811
Deferred income taxes, net	170,571	159,571
Shareholders’ equity:
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2024 and 2023	0	0
Common stock, par value $.01 per share; 105,000,000 Class A shares and 35,000,000 Class B shares authorized; 62,307,564 Class A shares and 16,695,873 Class B shares outstanding in 2024; and 61,461,281 Class A shares and 16,364,158 Class B shares outstanding in 2023	820	806
Additional paid-in capital	577,665	542,046
Treasury stock, at cost: 1,299,589 Class A shares and 1,750,566 Class B shares in 2024; and 1,092,142 Class A shares and 1,731,157 Class B shares in 2023	(129,644)	(119,835)
Retained earnings	1,638,257	1,450,025
Accumulated other comprehensive income (loss)	(3,969)	(2,163)
Total Rush Enterprises, Inc. shareholders’ equity	2,083,129	1,870,879
Noncontrolling interest	19,828	19,537
Total shareholders’ equity	2,102,957	1,890,416
Total liabilities and shareholders’ equity	$ 4,648,471	$ 4,364,241
Common Class A [Member]
Shareholders’ equity:
Treasury Stock, Common, Shares (in shares)		1,092,142

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
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)	105,000,000	105,000,000
Common stock, outstanding (in shares)	62,307,564	61,461,281
Treasury Stock, Common, Shares (in shares)	1,299,589	1,092,142
Common Class B [Member]
Common stock, authorized (in shares)	35,000,000	35,000,000
Common stock, outstanding (in shares)	16,695,873	16,364,158
Treasury Stock, Common, Shares (in shares)	1,750,566	1,731,157

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues
Revenue	$ 1,807,004	$ 1,891,274	$ 5,530,464	$ 5,630,878
Lease and rental sales	89,129	89,466	264,696	264,681
Total revenue	1,896,133	1,980,740	5,795,160	5,895,559
Cost of products sold
Lease and rental sales	63,607	62,106	190,064	184,098
Total cost of products sold	1,517,092	1,586,335	4,633,855	4,688,537
Gross profit	379,041	394,405	1,161,305	1,207,022
Selling, general and administrative expense	239,741	257,132	754,774	770,631
Depreciation and amortization expense	19,134	15,872	51,376	44,731
Gain on disposition of assets	588	220	690	596
Operating income	120,754	121,621	355,845	392,256
Other income (expense)	149	133	370	2,384
Interest expense, net	17,664	14,194	55,101	37,415
Income before taxes	103,239	107,560	301,114	357,225
Income tax provision	23,819	26,926	71,422	87,277
Net income	79,420	80,634	229,692	269,948
Less: Net income attributable to noncontrolling interest	288	356	291	940
Net income attributable to Rush Enterprises, Inc.	$ 79,132	$ 80,278	$ 229,401	$ 269,008
Net income attributable to Rush Enterprises, Inc. per share of common stock:
Basic (in dollars per share)	$ 1	$ 0.99	$ 2.91	$ 3.3
Diluted (in dollars per share)	$ 0.97	$ 0.96	$ 2.81	$ 3.19
Basic (in shares)	79,216	81,229	78,878	81,629
Diluted (in shares)	81,884	83,987	81,607	84,251
Dividends declared per common share (in dollars per share)	$ 0.18	$ 0.17	$ 0.52	$ 0.45
New and Used Commercial Vehicle [Member]
Revenues
Revenue	$ 1,163,255	$ 1,235,767	$ 3,586,882	$ 3,648,286
Cost of products sold
Costs of products sold	1,053,512	1,113,294	3,239,431	3,287,998
Parts and Service [Member]
Revenues
Revenue	633,045	643,623	1,909,672	1,942,979
Cost of products sold
Costs of products sold	399,973	410,935	1,204,360	1,216,441
Finance and Insurance [Member]
Revenues
Revenue	5,780	6,317	17,111	19,077
Product and Service, Other [Member]
Revenues
Revenue	$ 4,924	$ 5,567	$ 16,799	$ 20,536

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Net income	$ 79,420	$ 80,634	$ 229,692	$ 269,948
Other comprehensive income (loss), net of tax:
Foreign currency translation	958	(2,108)	(1,806)	(187)
Other comprehensive income (loss) attributable to Rush Enterprises, Inc.	958	(2,108)	(1,806)	(187)
Comprehensive income	80,378	78,526	227,886	269,761
Less: Comprehensive income attributable to noncontrolling interest	288	356	291	940
Comprehensive income attributable to Rush Enterprises, Inc.	$ 80,090	$ 78,170	$ 228,177	$ 268,821

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($) shares in Thousands	Common Stock [Member] Common Class A [Member]	Common Stock [Member] Common Class B [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock, Common [Member]	Retained Earnings [Member] Common Class A [Member]	Retained Earnings [Member] Common Class B [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Parent [Member] Common Class A [Member]	Parent [Member] Common Class B [Member]	Parent [Member]	Noncontrolling Interest [Member]	Common Class A [Member]	Common Class B [Member]	Total
Balance (in shares) at Dec. 31, 2022	63,518	18,125
Balance at Dec. 31, 2022			$ 572,000	$ 500,642,000	$ (130,930,000)			$ 1,378,337,000	$ (4,130,000)			$ 1,744,491,000	$ 18,531,000			$ 1,763,022,000
Stock options exercised and stock awards (in shares)	228
Stock options exercised and stock awards			2,000	3,412,000								3,414,000				3,414,000
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan				13,080,000								13,080,000
Vesting of restricted share awards (in shares)		422
Vesting of restricted share awards			3,000	(6,964,000)								(6,961,000)				(6,961,000)
Issuance of common stock under employee stock purchase plan (in shares)	102
Issuance of common stock under employee stock purchase plan				2,828,000								2,828,000				2,828,000
Common stock repurchases (in shares)	(623)	(84)
Common stock repurchases					(25,280,000)							(25,280,000)				(25,280,000)
Cash dividends declared						$ (8,897,000)	$ (2,692,000)			$ (8,897,000)	$ (2,692,000)
Foreign currency translation adjustment									232,000			232,000
Net income								90,455,000				90,455,000	335,000
Balance (in shares) at Mar. 31, 2023	63,225	18,463
Balance at Mar. 31, 2023			577,000	512,998,000	(156,210,000)			1,457,203,000	(3,898,000)			1,810,670,000	18,866,000			1,829,536,000
Balance (in shares) at Dec. 31, 2022	63,518	18,125
Balance at Dec. 31, 2022			572,000	500,642,000	(130,930,000)			1,378,337,000	(4,130,000)			1,744,491,000	18,531,000			1,763,022,000
Foreign currency translation adjustment																(187,000)
Net income																269,948,000
Balance (in shares) at Sep. 30, 2023	62,053	17,989
Balance at Sep. 30, 2023			804,000	533,648,000	(16,169,000)			1,385,646,000	(4,317,000)			1,899,612,000	19,471,000			1,919,083,000
Balance (in shares) at Mar. 31, 2023	63,225	18,463
Balance at Mar. 31, 2023			577,000	512,998,000	(156,210,000)			1,457,203,000	(3,898,000)			1,810,670,000	18,866,000			1,829,536,000
Stock options exercised and stock awards (in shares)	237
Stock options exercised and stock awards			1,000	3,479,000								3,480,000				3,480,000
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan				5,952,000								5,952,000				5,952,000
Vesting of restricted share awards				(54,000)								(54,000)				(54,000)
Common stock repurchases (in shares)	(890)	(195)
Common stock repurchases					(40,305,000)							(40,305,000)				(40,305,000)
Cash dividends declared						(8,812,000)	(2,725,000)			(8,812,000)	(2,725,000)			$ (8,812,000)	$ (2,725,000)
Foreign currency translation adjustment									1,689,000			1,689,000				1,689,000
Net income								98,275,000				98,275,000	249,000			98,524,000
Balance (in shares) at Jun. 30, 2023	62,572	18,268
Balance at Jun. 30, 2023			578,000	522,375,000	(196,515,000)			1,543,941,000	(2,209,000)			1,868,170,000	19,115,000			1,887,285,000
Stock options exercised and stock awards (in shares)	124
Stock options exercised and stock awards			1,000	1,888,000								1,889,000				1,889,000
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan				6,265,000								6,265,000				6,265,000
Issuance of common stock under employee stock purchase plan (in shares)	107
Issuance of common stock under employee stock purchase plan			1,000	3,123,000								3,124,000				3,124,000
Common stock repurchases (in shares)	(750)	(279)
Common stock repurchases					(44,174,000)							(44,174,000)				(44,174,000)
Cash dividends declared						(10,574,000)	(3,255,000)			(10,574,000)	(3,255,000)			(10,574,000)	(3,255,000)
Foreign currency translation adjustment									(2,108,000)			(2,108,000)				(2,108,000)
Net income								80,278,000				80,278,000	356,000			80,634,000
Balance (in shares) at Sep. 30, 2023	62,053	17,989
Balance at Sep. 30, 2023			804,000	533,648,000	(16,169,000)			1,385,646,000	(4,317,000)			1,899,612,000	19,471,000			1,919,083,000
Retirement of treasury shares and par value adjustment			224,000	(3,000)	224,520,000			(224,744,000)				(3,000)				(3,000)
Balance (in shares) at Dec. 31, 2023	61,461	16,364
Balance at Dec. 31, 2023			806,000	542,046,000	(119,835,000)			1,450,025,000	(2,163,000)			1,870,879,000				1,890,416,000
Stock options exercised and stock awards (in shares)	383
Stock options exercised and stock awards			4,000	5,997,000								6,001,000				6,001,000
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan												14,090,000
Vesting of restricted share awards (in shares)		351
Vesting of restricted share awards			4,000	(9,486,000)								(9,482,000)				(9,482,000)
Issuance of common stock under employee stock purchase plan (in shares)	97
Issuance of common stock under employee stock purchase plan			1,000	3,354,000								3,355,000				3,355
Common stock repurchases (in shares)	(128)
Common stock repurchases					(5,627,000)							(5,627,000)				(5,627,000)
Cash dividends declared						(10,467,000)	(2,964,000)			(10,467,000)	(2,964,000)
Foreign currency translation adjustment									(1,891,000)			(1,891,000)
Net income								71,608,000				71,608,000	(119,000)			71,489,000
Balance (in shares) at Mar. 31, 2024	61,813	16,715
Balance at Mar. 31, 2024			815,000	556,001,000	(125,462,000)			1,508,202,000	(4,054,000)			1,935,502,000	19,418,000			1,954,920,000
Balance (in shares) at Dec. 31, 2023	61,461	16,364
Balance at Dec. 31, 2023			806,000	542,046,000	(119,835,000)			1,450,025,000	(2,163,000)			1,870,879,000				1,890,416,000
Foreign currency translation adjustment																(1,806,000)
Net income																229,692,000
Balance (in shares) at Sep. 30, 2024	62,308	16,695
Balance at Sep. 30, 2024			820,000	577,665,000	(129,644,000)			1,638,257,000	(3,969,000)			2,083,129,000	19,828,000			2,102,957,000
Balance (in shares) at Mar. 31, 2024	61,813	16,715
Balance at Mar. 31, 2024			815,000	556,001,000	(125,462,000)			1,508,202,000	(4,054,000)			1,935,502,000	19,418,000			1,954,920,000
Stock options exercised and stock awards (in shares)	134
Stock options exercised and stock awards			1,000	2,098,000								2,099,000				2,099,000
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan				5,515,000								5,515,000				5,515,000
Vesting of restricted share awards				(10,000)								(10,000)				(10,000)
Common stock repurchases (in shares)	(78)	(15)
Common stock repurchases					(3,953,000)							(3,953,000)				(3,953,000)
Cash dividends declared						(10,523,000)	(3,024,000)			(10,523,000)	(3,024,000)			(10,523,000)	(3,024,000)
Foreign currency translation adjustment									(873,000)			(873,000)				(873,000)
Net income								78,661,000				78,661,000	122,000			78,783,000
Balance (in shares) at Jun. 30, 2024	61,869	16,700
Balance at Jun. 30, 2024			816,000	563,604,000	(129,415,000)			1,573,316,000	(4,927,000)			2,003,394,000	19,540,000			2,022,934,000
Stock options exercised and stock awards (in shares)	341
Stock options exercised and stock awards			3,000	5,257,000								5,260,000				5,260,000
Stock-based compensation related to stock options, restricted shares and employee stock purchase plan				5,293,000								5,293,000				5,293,000
Issuance of common stock under employee stock purchase plan (in shares)	99
Issuance of common stock under employee stock purchase plan			1,000	3,511,000								3,512,000				3,512,000
Common stock repurchases (in shares)	(1)	(5)
Common stock repurchases					(229,000)							(229,000)				(229,000)
Cash dividends declared						$ (11,185,000)	$ (3,006,000)			$ (11,185,000)	$ (3,006,000)			$ (11,185,000)	$ (3,006,000)
Foreign currency translation adjustment									958,000			958,000				958,000
Net income								79,132,000				79,132,000	288,000			79,420,000
Balance (in shares) at Sep. 30, 2024	62,308	16,695
Balance at Sep. 30, 2024			$ 820,000	$ 577,665,000	$ (129,644,000)			$ 1,638,257,000	$ (3,969,000)			$ 2,083,129,000	$ 19,828,000			$ 2,102,957,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income	$ 229,692	$ 269,948
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	175,461	165,145
Gain on sale of property and equipment	(690)	(596)
Stock-based compensation expense related to stock options and employee stock purchases	24,897	25,297
Provision for deferred income tax expense	11,129	3,508
Change in accounts receivable, net	(30,478)	(42,822)
Change in inventories, net	(108,066)	(193,668)
Change in prepaid expenses and other, net	(5,266)	(2,078)
Change in trade accounts payable	11,590	4,576
Change in customer deposits	(58,231)	(13,334)
Change in accrued expenses	(22,257)	(4,086)
Other, net	(513)	(831)
Net cash provided by operating activities	227,268	211,059
Acquisition of property and equipment	(304,231)	(289,079)
Proceeds from the sale of property and equipment	9,098	1,890
Business acquisition, net of cash acquired	(16,363)	0
Other	5,668	(3,765)
Net cash used in investing activities	(305,828)	(290,954)
Principal payments on long-term debt
Draws on floor plan notes payable – non-trade, net	146,042	188,420
Proceeds from long-term debt	1,621,288	995,081
Principal payments on long-term debt	(1,634,543)	(962,792)
Principal payments on finance lease obligations	(12,556)	(13,447)
Proceeds from issuance of shares relating to employee stock options and employee stock purchases	20,232	14,734
Taxes paid related to net share settlement of equity awards	(9,496)	(7,017)
Payments of cash dividends	(41,230)	(37,097)
Common stock repurchased	(9,809)	(107,037)
Net cash provided by financing activities	79,928	70,845
Net increase(decrease) in cash, cash equivalents and restricted cash	1,368	(9,050)
Effect of exchange rate on cash	(20)	(6)
Cash, cash equivalents and restricted cash, beginning of period	183,725	201,044
Cash, cash equivalents and restricted cash, end of period	185,073	191,988
Supplemental disclosure of cash flow information:
Interest	60,105	40,233
Income taxes, net of refunds	64,065	80,759
Noncash investing and financing activities:
Assets acquired under finance leases	$ 21,714	$ 40,144

Note 1 - Principles of Consolid

Note 1 - Principles of Consolidation and Basis of Presentation	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1 Principles of Consolidation and Basis of Presentation The interim consolidated financial statements included herein have been prepared by Rush Enterprises, Inc. and its subsidiaries (collectively referred to as the “Company”), without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). All adjustments have been made to the accompanying interim consolidated financial statements, which, in the opinion of the Company’s management, are necessary for a fair presentation of its operating results. All adjustments are of a normal recurring nature. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. It is recommended that these interim consolidated financial statements be read in conjunction with the consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. Results of operations for interim periods are not necessarily indicative of results that may be expected for any other interim periods or the full fiscal year. Restricted Cash Restricted cash consists of deposits for the statutory restriction on cash related to the Company’s captive insurance company of $4.1 million as of September 30, 2024. Authorized Shares On May 16, 2023, the Company’s shareholders approved the Certificate of Amendment to the Restated Articles of Incorporation of the Company to increase the number of authorized shares of Class A Common Stock from 60,000,000 to 105,000,000 and Class B Common Stock from 20,000,000 to 35,000,000. Stock Split On July 25, 2023, the Company’s Board of Directors declared a three two Foreign Currency Transactions The functional currency of the Company’s foreign subsidiary, Rush Truck Centres of Canada Limited (“RTC Canada”), is the local currency, the Canadian dollar. Results of operations for RTC Canada are translated to USD using the average monthly exchange rate during each quarter. The assets and liabilities of RTC Canada are translated into USD using the exchange rate in effect on the balance sheet date. The related translation adjustments are recorded as a separate component of the Company’s Consolidated Statements of Shareholders’ Equity in accumulated other comprehensive income (loss).

Note 2 - Commitments and Contin

Note 2 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	2 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. However, an uninsured or partially insured claim, or claim for which indemnification is not available, could have a material adverse effect on the Company’s financial condition or results of operations. As of September 30, 2024, the Company believes that there are no pending claims or litigation, individually or in the aggregate, that are reasonably likely to have a material adverse effect on its financial position or results of operations. However, due to the inherent uncertainty of litigation, there can be no assurance that the resolution of any particular claim or proceeding would not have a material adverse effect on the Company’s financial condition or results of operations for the fiscal period in which such resolution occurred.

Note 3 - Earnings Per Share

Note 3 - Earnings Per Share	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Earnings Per Share [Text Block]	3 Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share information): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Numerator: Numerator for basic and diluted earnings per share – Net income available to common shareholders $ 79,132 $ 80,278 $ 229,401 $ 269,008 Denominator: Denominator for basic earnings per share – weighted average shares outstanding 79,216 81,229 78,878 81,629 Effect of dilutive securities– Employee and director stock options and restricted share awards 2,668 2,758 2,729 2,622 Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions 81,884 83,987 81,607 84,251 Basic earnings per common share $ 1.00 $ 0.99 $ 2.91 $ 3.30 Diluted earnings per common share and common share equivalents $ 0.97 $ 0.96 $ 2.81 $ 3.19 Options to purchase shares of common stock that were outstanding for the three months and nine months ended September 30, 2024 and 2023 that were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive are as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Weighted average anti-dilutive options 573 1,079 583 1,353

Note 4 - Stock Options and Rest

Note 4 - Stock Options and Restricted Stock Awards	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	4 Stock Options and Restricted Stock Awards Valuation and Expense Information The Company accounts for stock-based compensation in accordance with Accounting Standards Codification (“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 $5.3 million for the three months ended September 30, 2024, and $6.3 million for the three months ended September 30, 2023. Stock-based compensation expense was $24.9 million for the nine months ended September 30, 2024, and $25.3 million for the nine months ended September 30, 2023. As of September 30, 2024, the Company had $14.2 million of unrecognized compensation expense related to non-vested employee stock options to be recognized over a weighted-average period of 2.2 years and $16.6 million of unrecognized compensation cost related to non-vested restricted stock awards to be recognized over a weighted-average period of 1.3 years.

Note 5 - Financial Instruments

Note 5 - Financial Instruments and Fair Value	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Fair Value Disclosures [Text Block]	5 Financial Instruments and Fair Value The Company measures certain financial assets and liabilities at fair value on a recurring basis. 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 to their short-term nature or the 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 as of September 30, 2024, and December 31, 2023. The carrying value of current assets and current liabilities approximates the fair value due to the short maturity of these items. The fair value of the Company’s long-term debt is based on secondary market indicators. Because the Company’s debt is not quoted, estimates are based on each obligation’s characteristics, including remaining maturities, variable interest rates, credit rating, collateral and liquidity. Accordingly, the Company concluded that the valuation measurement inputs of its long-term debt represent, at its lowest level, current market interest rates available to the Company for similar debt and the Company’s current credit standing. Thus, the carrying amount of such debt approximates fair value.

Note 6 - Segment Information

Note 6 - Segment Information	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	6 Segment Information The Company currently has one The Company also has revenues attributable to three The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The Company evaluates performance based on income before income taxes, not including extraordinary items. The following table contains summarized information about reportable segment revenues, segment income or loss from continuing operations and segment assets for the periods ended September 30, 2024 and 2023 (in thousands): Truck Segment All Other Total As of and for the three months ended September 30, 2024 Revenues from external customers $ 1,891,777 $ 4,356 $ 1,896,133 Segment operating income 120,553 201 120,754 Segment income before taxes 103,038 201 103,239 Segment assets 4,591,223 57,248 4,648,471 For the nine months ended September 30, 2024 Revenues from external customers $ 5,782,578 $ 12,582 $ 5,795,160 Segment operating income 355,890 (45 ) 355,845 Segment income before taxes 301,158 (44 ) 301,114 As of and for the three months ended September 30, 2023 Revenues from external customers $ 1,976,395 $ 4,345 $ 1,980,740 Segment operating income 121,675 (54 ) 121,621 Segment income before taxes 107,614 (54 ) 107,560 Segment assets 4,163,261 54,792 4,218,053 For the nine months ended September 30, 2023 Revenues from external customers $ 5,883,127 $ 12,432 $ 5,895,559 Segment operating income 391,870 386 392,256 Segment income before taxes 356,839 386 357,225

Note 7 - Income Taxes

Note 7 - Income Taxes	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Income Tax Disclosure [Text Block]	7 Income Taxes The Company had unrecognized income tax benefits totaling $6.7 million and $5.3 million as a component of accrued liabilities as of September 30, 2024 and December 31, 2023, the total of which, if recognized, would impact the Company’s effective tax rate. An unfavorable settlement would require a charge to income tax expense and a favorable resolution would be recognized as a reduction to income tax expense. The Company recognizes interest accrued related to unrecognized tax benefits in income tax expense. The Company had approximately $389,000 and $302,000 accrued for the payment of interest as of September 30, 2024 and December 31, 2023. No amounts were accrued for penalties. The Company does not anticipate a significant change in the amount of unrecognized tax benefits in the next 12 months. As of September 30, 2024, the tax years ended December 31, 2019 through 2022 2022

Note 8 - Revenue

Note 8 - Revenue	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	8 Revenue The Company’s non-lease and rental revenues are generated from the sale of finished products to customers. Revenue from sales predominantly contain a single delivery element and revenue from 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, the 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, excluding lease and rental revenue, for the three months and nine months ended September 30, 2024 and 2023 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Commercial vehicle sales revenue $ 1,163,255 $ 1,235,767 $ 3,586,882 $ 3,648,286 Parts revenue 350,896 376,183 1,089,354 1,141,081 Commercial vehicle repair service revenue 282,149 267,440 820,318 801,898 Finance revenue 2,254 2,869 6,715 9,369 Insurance revenue 3,526 3,448 10,396 9,708 Other revenue 4,924 5,567 16,799 20,536 Total $ 1,807,004 $ 1,891,274 $ 5,530,464 $ 5,630,878 All of the Company's performance obligations and associated revenues are generally transferred to customers at a point in time. The Company did not

Note 9 - Leases

Note 9 - Leases	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Leases of Lessee and Lessor Disclosure [Text Block]	9 Leases Lease of Vehicles as Lessor The Company primarily leases commercial vehicles that the Company owns to customers primarily over periods of one ten 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. Lease and rental income during the three and nine months ended September 30, 2024 and September 30, 2023 consisted of the following (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Minimum rental payments $ 77,729 $ 77,685 $ 230,958 $ 229,276 Nonlease payments 11,400 11,781 33,738 35,405 Total $ 89,129 $ 89,466 $ 264,696 $ 264,681

Note 10 - Accumulated Other Com

Note 10 - Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	10 Accumulated Other Comprehensive Income (Loss) The following table shows the components of accumulated other comprehensive income (loss) (in thousands): Balance as of December 31, 2023 $ (2,163 ) Foreign currency translation adjustment (1,891 ) Balance as of March 31, 2024 $ (4,054 ) Foreign currency translation adjustment (873 ) Balance as of June 30, 2024 $ (4,927 ) Foreign currency translation adjustment 958 Balance as of September 30, 2024 $ (3,969 ) The functional currency of the Company’s foreign subsidiary, RTC Canada, is its local currency. Results of operations of RTC Canada are translated into USD using the monthly average exchange rates during the year. The assets and liabilities of RTC Canada are translated into USD using the exchange rates in effect on the balance sheet date. The related translation adjustments are recorded in a separate component of stockholders' equity in accumulated other comprehensive loss and the statement of comprehensive income.

Note 11 - Accounts Receivable a

Note 11 - Accounts Receivable and Allowance for Credit Losses	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	11 Accounts Receivable and Allowance for Credit Losses The Company establishes an allowance for credit losses to present the net amount of accounts receivable expected to be collected. Under Accounting Standards Update No. 2016-13, Financial Instruments Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments Accounts receivable consists primarily of commercial vehicle sales receivables, manufacturers’ receivables and leasing, parts and service sales receivables and other trade receivables. The Company maintains an allowance for credit losses based on the probability of default, its historical rate of losses, aging and current economic conditions. The Company writes off account balances when it has exhausted reasonable collection efforts and determined that the likelihood of collection is remote. These write-offs are charged against the allowance for credit losses. The following table summarizes the changes in the allowance for credit losses (in thousands): Balance December 31, 2023 Provision for the Nine Months Ended September 30, 2024 Write offs Against Allowance, net of Recoveries Balance September 30, 2024 Commercial vehicle receivables $ 102 $ 10 $ 23 $ 135 Manufacturers’ receivables 964 2,076 (2,252 ) 788 Leasing, parts and service receivables 1,660 2,304 (2,657 ) 1,307 Other receivables 1,079 15 (32 ) 1,062 Total $ 3,805 $ 4,405 $ (4,918 ) $ 3,292

Note 12 - Acquisitions

Note 12 - Acquisitions	9 Months Ended
	Sep. 30, 2024
Notes to Financial Statements
Business Combination Disclosure [Text Block]	12 Acquisitions The following acquisitions, unless otherwise noted, were considered business combinations accounted for under ASC 805 “Business Combinations.” Pro forma information was not included in accordance with ASC 805 because the acquisitions were not considered material. On December 4, 2023, the Company acquired certain assets of Freeway Ford Truck Sales, Inc., which included real estate and a Ford commercial vehicle franchise in Chicago, Illinois, along with commercial vehicle and parts inventory. The transaction was valued at approximately $16.3 million, with the purchase price paid in cash. On July 15, 2024, the Company acquired certain assets of Nebraska Peterbilt, which included real estate and a Peterbilt commercial vehicle franchise in Grand Island and North Platte, Nebraska, along with commercial vehicle and parts inventory. The transaction was valued at approximately $16.5 million, with the purchase price paid in cash.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]		During the three months ended September 30, 2024, none
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Note 3 - Earnings Per Share (Ta

Note 3 - Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Numerator: Numerator for basic and diluted earnings per share – Net income available to common shareholders $ 79,132 $ 80,278 $ 229,401 $ 269,008 Denominator: Denominator for basic earnings per share – weighted average shares outstanding 79,216 81,229 78,878 81,629 Effect of dilutive securities– Employee and director stock options and restricted share awards 2,668 2,758 2,729 2,622 Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions 81,884 83,987 81,607 84,251 Basic earnings per common share $ 1.00 $ 0.99 $ 2.91 $ 3.30 Diluted earnings per common share and common share equivalents $ 0.97 $ 0.96 $ 2.81 $ 3.19
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Weighted average anti-dilutive options 573 1,079 583 1,353

Note 6 - Segment Information (T

Note 6 - Segment Information (Tables)	9 Months Ended
	Sep. 30, 2024
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, 2024 Revenues from external customers $ 1,891,777 $ 4,356 $ 1,896,133 Segment operating income 120,553 201 120,754 Segment income before taxes 103,038 201 103,239 Segment assets 4,591,223 57,248 4,648,471 For the nine months ended September 30, 2024 Revenues from external customers $ 5,782,578 $ 12,582 $ 5,795,160 Segment operating income 355,890 (45 ) 355,845 Segment income before taxes 301,158 (44 ) 301,114 As of and for the three months ended September 30, 2023 Revenues from external customers $ 1,976,395 $ 4,345 $ 1,980,740 Segment operating income 121,675 (54 ) 121,621 Segment income before taxes 107,614 (54 ) 107,560 Segment assets 4,163,261 54,792 4,218,053 For the nine months ended September 30, 2023 Revenues from external customers $ 5,883,127 $ 12,432 $ 5,895,559 Segment operating income 391,870 386 392,256 Segment income before taxes 356,839 386 357,225

Note 8 - Revenue (Tables)

Note 8 - Revenue (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Commercial vehicle sales revenue $ 1,163,255 $ 1,235,767 $ 3,586,882 $ 3,648,286 Parts revenue 350,896 376,183 1,089,354 1,141,081 Commercial vehicle repair service revenue 282,149 267,440 820,318 801,898 Finance revenue 2,254 2,869 6,715 9,369 Insurance revenue 3,526 3,448 10,396 9,708 Other revenue 4,924 5,567 16,799 20,536 Total $ 1,807,004 $ 1,891,274 $ 5,530,464 $ 5,630,878

Note 9 - Leases (Tables)

Note 9 - Leases (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Leases, Lease Income [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Minimum rental payments $ 77,729 $ 77,685 $ 230,958 $ 229,276 Nonlease payments 11,400 11,781 33,738 35,405 Total $ 89,129 $ 89,466 $ 264,696 $ 264,681

Note 10 - Accumulated Other C_2

Note 10 - Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	Balance as of December 31, 2023 $ (2,163 ) Foreign currency translation adjustment (1,891 ) Balance as of March 31, 2024 $ (4,054 ) Foreign currency translation adjustment (873 ) Balance as of June 30, 2024 $ (4,927 ) Foreign currency translation adjustment 958 Balance as of September 30, 2024 $ (3,969 )

Note 11 - Accounts Receivable_2

Note 11 - Accounts Receivable and Allowance for Credit Losses (Tables)	9 Months Ended
	Sep. 30, 2024
Notes Tables
Financing Receivable, Allowance for Credit Loss [Table Text Block]	Balance December 31, 2023 Provision for the Nine Months Ended September 30, 2024 Write offs Against Allowance, net of Recoveries Balance September 30, 2024 Commercial vehicle receivables $ 102 $ 10 $ 23 $ 135 Manufacturers’ receivables 964 2,076 (2,252 ) 788 Leasing, parts and service receivables 1,660 2,304 (2,657 ) 1,307 Other receivables 1,079 15 (32 ) 1,062 Total $ 3,805 $ 4,405 $ (4,918 ) $ 3,292

Note 1 - Principles of Consol_2

Note 1 - Principles of Consolidation and Basis of Presentation (Details Textual) $ in Millions	Jul. 25, 2020	Sep. 30, 2024 USD ($)	Mar. 31, 2024 shares	Dec. 31, 2023 shares	May 16, 2023 shares	Dec. 31, 2022 shares
Restricted Cash | $		$ 4.1
Stock Split From [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	3
Stock Split To [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio	2
Common Class A [Member]
Common Stock, Shares Authorized			105,000,000	105,000,000	105,000,000	60,000,000
Common Class B [Member]
Common Stock, Shares Authorized			35,000,000	35,000,000	35,000,000	20,000,000

Note 3 - Earnings Per Share - E

Note 3 - 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, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Numerator for basic and diluted earnings per share – Net income available to common shareholders	$ 79,132	$ 80,278	$ 229,401	$ 269,008
Denominator for basic earnings per share – weighted average shares outstanding (in shares)	79,216	81,229	78,878	81,629
Employee and director stock options and restricted share awards (in shares)	2,668	2,758	2,729	2,622
Denominator for diluted earnings per share – adjusted weighted average shares outstanding and assumed conversions (in shares)	81,884	83,987	81,607	84,251
Basic earnings per common share (in dollars per share)	$ 1	$ 0.99	$ 2.91	$ 3.3
Diluted earnings per common share and common share equivalents (in dollars per share)	$ 0.97	$ 0.96	$ 2.81	$ 3.19

Note 3 - Earnings Per Share - A

Note 3 - Earnings Per Share - Anti-dilutive Securities (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Anti-dilutive options – weighted average (in shares)	573	1,079	583	1,353

Note 4 - Stock Options and Re_2

Note 4 - Stock Options and Restricted Stock Awards (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Share-Based Payment Arrangement, Option [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 14.2		$ 14.2
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition			2 years 2 months 12 days
Share-Based Payment Arrangement, Option [Member] | Selling, General and Administrative Expenses [Member]
Share-Based Payment Arrangement, Expense	5.3	$ 6.3	$ 24.9	$ 25.3
Restricted Stock [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 16.6		$ 16.6
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition			1 year 3 months 18 days

Note 6 - Segment Information (D

Note 6 - Segment Information (Details Textual)	9 Months Ended
	Sep. 30, 2024
Truck Segment [Member]
Number of Reportable Segments	1
Other Operating Segment [Member]
Number of Operating Segments	3

Note 6 - Segment Information -

Note 6 - Segment Information - Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Revenues from external customers	$ 1,896,133	$ 1,980,740	$ 5,795,160	$ 5,895,559
Segment operating income	120,754	121,621	355,845	392,256
Segment income before taxes	103,239	107,560	301,114	357,225
Segment assets	4,648,471	4,218,053	4,648,471	4,218,053	$ 4,364,241
Truck Segment [Member]
Revenues from external customers	1,891,777	1,976,395	5,782,578	5,883,127
Segment operating income	120,553	121,675	355,890	391,870
Segment income before taxes	103,038	107,614	301,158	356,839
Segment assets	4,591,223	4,163,261	4,591,223	4,163,261
Other Operating Segment [Member]
Revenues from external customers	4,356	4,345	12,582	12,432
Segment operating income		(54)	(45)	386
Segment income before taxes	201	(54)	(44)	386
Segment assets	$ 57,248	$ 54,792	$ 57,248	$ 54,792

Note 7 - Income Taxes (Details

Note 7 - Income Taxes (Details Textual) - USD ($)	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	$ 6,700,000	$ 5,300,000
Unrecognized Tax Benefits, Interest on Income Taxes Accrued	$ 389,000	$ 302,000
Domestic Tax Jurisdiction [Member]
Open Tax Year	2020 2021 2022 2023
State and Local Jurisdiction [Member]
Open Tax Year	2019 2020 2021 2022 2023

Note 8 - Revenue (Details Textu

Note 8 - Revenue (Details Textual) $ in Thousands	Sep. 30, 2024 USD ($)
Contract with Customer, Asset, after Allowance for Credit Loss	$ 0
Contract with Customer, Liability	$ 0

Note 8 - Revenue - Disaggregate

Note 8 - Revenue - Disaggregated Revenue by Revenue Source (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenue	$ 1,807,004	$ 1,891,274	$ 5,530,464	$ 5,630,878
Commercial Vehicle [Member]
Revenue	1,163,255	1,235,767	3,586,882	3,648,286
Parts [Member]
Revenue	350,896	376,183	1,089,354	1,141,081
Commercial Vehicle Repair Service [Member]
Revenue	282,149	267,440	820,318	801,898
Financial Service [Member]
Revenue	2,254	2,869	6,715	9,369
Insurance [Member]
Revenue	3,526	3,448	10,396	9,708
Product and Service, Other [Member]
Revenue	$ 4,924	$ 5,567	$ 16,799	$ 20,536

Note 9 - Leases (Details Textua

Note 9 - Leases (Details Textual)	9 Months Ended
	Sep. 30, 2024
Minimum [Member]
Lessor, Leases, Term of Contract	1 year
Maximum [Member]
Lessor, Leases, Term of Contract	10 years

Note 9 - Leases - Rental Income

Note 9 - Leases - Rental Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Minimum rental payments	$ 77,729	$ 77,685	$ 230,958	$ 229,276
Nonlease payments	11,400	11,781	33,738	35,405
Total	$ 89,129	$ 89,466	$ 264,696	$ 264,681

Note 10 - Accumulated Other C_3

Note 10 - Accumulated Other Comprehensive Income (Loss) - Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Balance			$ 1,870,879		$ 1,870,879
Foreign currency translation adjustment	$ 958			$ (2,108)	(1,806)	$ (187)
Balance	2,083,129				2,083,129
AOCI Attributable to Parent [Member]
Balance	(4,927)	$ (4,054)	(2,163)		(2,163)
Foreign currency translation adjustment	958	(873)	(1,891)
Balance	$ (3,969)	$ (4,927)	$ (4,054)		$ (3,969)

Note 11 - Accounts Receivable_3

Note 11 - Accounts Receivable and Allowance for Credit Losses - Allowance for Accounts Receivable (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Balance	$ 3,805
Provision	4,405
Balance	3,292
Write offs Against Allowance, net of Recoveries	(4,918)
Commercial Vehicle Receivables [Member]
Balance	102
Provision	10
Balance	135
Manufacturers' Receivables [Member]
Balance	964
Provision	2,076
Balance	788
Write offs Against Allowance, net of Recoveries	(2,252)
Leasing, Parts and Service Receivables [Member]
Balance	1,660
Provision	2,304
Balance	1,307
Write offs Against Allowance, net of Recoveries	(2,657)
Other Receivables [Member]
Balance	1,079
Provision	15
Balance	1,062
Write offs Against Allowance, net of Recoveries	$ (32)

Note 12 - Acquisitions (Details

Note 12 - Acquisitions (Details Textual) - USD ($) $ in Millions	Jul. 15, 2024	Dec. 04, 2023
Freeway Ford Truck Sales, Inc. [Member]
Payments to Acquire Productive Assets		$ 16.3
Nebraska Peterbilt [Member]
Payments to Acquire Productive Assets	$ 16.5