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10-Q Filing

RUSH ENTERPRISES INC TX CIK: 1012019 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0001437749-17-008587
Period End Date 20170331
Filing Date 20170510
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance rusha-20170331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 75 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $82.03M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $72.66M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $89.07M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $64.85M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $156.20M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $165.25M USD Point-in-time
Note receivable affiliate DueFromRelatedPartiesCurrent $14.02M USD Point-in-time
Note receivable affiliate DueFromRelatedPartiesCurrent $10.17M USD Point-in-time
Inventories, net InventoryNet $840.30M USD Point-in-time
Inventories, net InventoryNet $872.91M USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $8.80M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 1.00M shares Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 1.00M shares Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $9.37M USD Point-in-time
Assets held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent $13.96M USD Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Assets held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent $12.93M USD Point-in-time
Preferred stock, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Total current assets AssetsCurrent $1.16B USD Point-in-time
Total current assets AssetsCurrent $1.11B USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Investments AvailableForSaleSecuritiesDebtSecuritiesNoncurrent $6.23M USD Point-in-time
Investments AvailableForSaleSecuritiesDebtSecuritiesNoncurrent $6.23M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.12B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.14B USD Point-in-time
Goodwill, net Goodwill $290.19M USD Point-in-time
Goodwill, net Goodwill $290.19M USD Point-in-time
Other assets, net OtherAssetsNoncurrent $54.85M USD Point-in-time
Other assets, net OtherAssetsNoncurrent $59.37M USD Point-in-time
Total assets Assets $2.80B USD Point-in-time
Total assets Assets $2.60B USD Point-in-time
Total assets Assets $2.64B USD Point-in-time
Floor plan notes payable FloorPlanNotesPayable $646.95M USD Point-in-time
Floor plan notes payable FloorPlanNotesPayable $684.60M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $130.72M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $131.63M USD Point-in-time
Current maturities of capital lease obligations CapitalLeaseObligationsCurrent $14.62M USD Point-in-time
Current maturities of capital lease obligations CapitalLeaseObligationsCurrent $14.45M USD Point-in-time
Liabilities directly associated with assets held for sale LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent $783.00K USD Point-in-time
Liabilities directly associated with assets held for sale LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent - USD Point-in-time
Trade accounts payable AccountsPayableTradeCurrent $99.53M USD Point-in-time
Trade accounts payable AccountsPayableTradeCurrent $97.84M USD Point-in-time
Customer deposits CustomerDepositsCurrent $16.22M USD Point-in-time
Customer deposits CustomerDepositsCurrent $18.42M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $83.97M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $76.81M USD Point-in-time
Total current liabilities LiabilitiesCurrent $993.13M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.02B USD Point-in-time
Long-term debt, net of current maturities LongTermDebtNoncurrent $472.50M USD Point-in-time
Long-term debt, net of current maturities LongTermDebtNoncurrent $459.82M USD Point-in-time
Capital lease obligations, net of current maturities CapitalLeaseObligationsNoncurrent $70.04M USD Point-in-time
Capital lease obligations, net of current maturities CapitalLeaseObligationsNoncurrent $67.99M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $7.21M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $8.25M USD Point-in-time
Deferred income taxes, net DeferredTaxLiabilitiesNoncurrent $198.74M USD Point-in-time
Deferred income taxes, net DeferredTaxLiabilitiesNoncurrent $197.33M USD Point-in-time
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2017 and 2016 PreferredStockValue - USD Point-in-time
Preferred stock, par value $.01 per share; 1,000,000 shares authorized; 0 shares outstanding in 2017 and 2016 PreferredStockValue - USD Point-in-time
Common stock, par value $.01 per share; 60,000,000 Class A shares and 20,000,000 Class B shares authorized; 30,481,059 Class A shares and 9,200,199 Class B shares outstanding in 2017; and 30,007,088 Class A shares and 9,245,447 Class B shares outstanding in 2016 CommonStockValue $438.00K USD Point-in-time
Common stock, par value $.01 per share; 60,000,000 Class A shares and 20,000,000 Class B shares authorized; 30,481,059 Class A shares and 9,200,199 Class B shares outstanding in 2017; and 30,007,088 Class A shares and 9,245,447 Class B shares outstanding in 2016 CommonStockValue $445.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $320.73M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $309.13M USD Point-in-time
Treasury stock, at cost: 934,171 class A shares and 3,894,409 class B shares in 2017 and 934,171 class A shares and 3,650,491 class B shares in 2016 TreasuryStockValue $86.88M USD Point-in-time
Treasury stock, at cost: 934,171 class A shares and 3,894,409 class B shares in 2017 and 934,171 class A shares and 3,650,491 class B shares in 2016 TreasuryStockValue $94.44M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $640.43M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $654.91M USD Point-in-time
Accumulated other comprehensive loss, net of tax AccumulatedOtherComprehensiveIncomeLossNetOfTax $-286.00K USD Point-in-time
Accumulated other comprehensive loss, net of tax AccumulatedOtherComprehensiveIncomeLossNetOfTax $-286.00K USD Point-in-time
Total shareholders equity StockholdersEquity $862.83M USD Point-in-time
Total shareholders equity StockholdersEquity $881.35M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $2.60B USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $2.64B USD Point-in-time
Income Statement 48 line items
Line Item Tag Value Unit Period
New and used commercial vehicle sales SalesRevenueNet $635.95M USD 1 Quarter
New and used commercial vehicle sales SalesRevenueNet $668.54M USD 1 Quarter
Parts and service sales PartsAndServiceSales $341.94M USD 1 Quarter
Parts and service sales PartsAndServiceSales $350.11M USD 1 Quarter
Lease and rental OperatingLeasesIncomeStatementLeaseRevenue $51.24M USD 1 Quarter
Lease and rental OperatingLeasesIncomeStatementLeaseRevenue $50.89M USD 1 Quarter
Finance and insurance FinanceAndInsuranceNet $3.93M USD 1 Quarter
Finance and insurance FinanceAndInsuranceNet $4.50M USD 1 Quarter
Other OtherSalesRevenueNet $3.56M USD 1 Quarter
Other OtherSalesRevenueNet $4.97M USD 1 Quarter
Total revenue Revenues $1.07B USD 1 Quarter
Total revenue Revenues $1.04B USD 1 Quarter
New and used commercial vehicle sales CostOfGoodsSold $588.12M USD 1 Quarter
New and used commercial vehicle sales CostOfGoodsSold $623.66M USD 1 Quarter
Parts and service sales CostOfProductsSoldPartsAndServiceSales $224.47M USD 1 Quarter
Parts and service sales CostOfProductsSoldPartsAndServiceSales $218.24M USD 1 Quarter
Lease and rental LeaseAndRentalExpense $44.30M USD 1 Quarter
Lease and rental LeaseAndRentalExpense $45.67M USD 1 Quarter
Total cost of products sold CostOfRevenue $887.57M USD 1 Quarter
Total cost of products sold CostOfRevenue $856.89M USD 1 Quarter
Gross profit GrossProfit $183.27M USD 1 Quarter
Gross profit GrossProfit $187.91M USD 1 Quarter
Selling, general and administrative expense SellingGeneralAndAdministrativeExpense $162.45M USD 1 Quarter
Selling, general and administrative expense SellingGeneralAndAdministrativeExpense $150.40M USD 1 Quarter
Depreciation and amortization expense DepreciationAndAmortization $12.49M USD 1 Quarter
Depreciation and amortization expense DepreciationAndAmortization $12.65M USD 1 Quarter
Gain (loss) on sale of assets GainLossOnDispositionOfAssets1 $-163.00K USD 1 Quarter
Gain (loss) on sale of assets GainLossOnDispositionOfAssets1 $10.00K USD 1 Quarter
Operating income OperatingIncomeLoss $24.85M USD 1 Quarter
Operating income OperatingIncomeLoss $8.18M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-2.79M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-4.24M USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $3.94M USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $22.06M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $7.58M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $1.55M USD 1 Quarter
Net income NetIncomeLoss $14.48M USD 1 Quarter
Net income NetIncomeLoss $2.40M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.37 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $0.06 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.36 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $0.06 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 39.41M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 40.55M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 41.05M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 40.70M shares 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $2.40M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $14.48M USD 1 Quarter
Cash Flow Statement 74 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $14.48M USD 1 Quarter
Net income NetIncomeLoss $2.40M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $38.72M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $39.07M USD 1 Quarter
Loss (gain) on sale of property and equipment, net GainLossOnSaleOfPropertyPlantEquipment $-163.00K USD 1 Quarter
Loss (gain) on sale of property and equipment, net GainLossOnSaleOfPropertyPlantEquipment $10.00K USD 1 Quarter
Loss on impairment of assets AssetImpairmentCharges - USD 1 Quarter
Loss on impairment of assets AssetImpairmentCharges $427.00K USD Annual
Loss on impairment of assets AssetImpairmentCharges $7.72M USD 1 Quarter
Loss on impairment of assets AssetImpairmentCharges $1.00M USD Annual
Stock-based compensation expense related to employee stock options and employee stock purchases ShareBasedCompensation $3.60M USD 1 Quarter
Stock-based compensation expense related to employee stock options and employee stock purchases ShareBasedCompensation $4.76M USD 1 Quarter
Provision for deferred income tax expense DeferredIncomeTaxExpenseBenefit $-7.58M USD 1 Quarter
Provision for deferred income tax expense DeferredIncomeTaxExpenseBenefit $1.41M USD 1 Quarter
Excess tax expense from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $-1.01M USD 1 Quarter
Excess tax expense from stock-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities - USD 1 Quarter
Change in accounts receivable, net IncreaseDecreaseInReceivables $-5.34M USD 1 Quarter
Change in accounts receivable, net IncreaseDecreaseInReceivables $12.90M USD 1 Quarter
Change in inventories IncreaseDecreaseInInventories $19.38M USD 1 Quarter
Change in inventories IncreaseDecreaseInInventories $-49.92M USD 1 Quarter
Change in prepaid expenses and other, net IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-21.38M USD 1 Quarter
Change in prepaid expenses and other, net IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $609.00K USD 1 Quarter
Change in trade accounts payable IncreaseDecreaseInAccountsPayableTrade $-16.52M USD 1 Quarter
Change in trade accounts payable IncreaseDecreaseInAccountsPayableTrade $1.69M USD 1 Quarter
Draws (payments) on floor plan notes payable trade, net IncreaseDecreaseInFloorPlanNotesPayableTradeNet $-1.79M USD 1 Quarter
Draws (payments) on floor plan notes payable trade, net IncreaseDecreaseInFloorPlanNotesPayableTradeNet $18.55M USD 1 Quarter
Change in customer deposits IncreaseDecreaseInCustomerDeposits $2.27M USD 1 Quarter
Change in customer deposits IncreaseDecreaseInCustomerDeposits $-2.20M USD 1 Quarter
Change in accrued expenses IncreaseDecreaseInAccruedLiabilities $-5.57M USD 1 Quarter
Change in accrued expenses IncreaseDecreaseInAccruedLiabilities $-7.16M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $37.52M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $101.24M USD 1 Quarter
Acquisition of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $39.21M USD 1 Quarter
Acquisition of property and equipment PaymentsToAcquirePropertyPlantAndEquipment $53.88M USD 1 Quarter
Proceeds from the sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $1.60M USD 1 Quarter
Proceeds from the sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $616.00K USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-5.16M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-676.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-32.45M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-52.59M USD 1 Quarter
Draws (payments) on floor plan notes payable non-trade, net IncreaseDecreaseInFloorPlanPayableNet $-26.98M USD 1 Quarter
Draws (payments) on floor plan notes payable non-trade, net IncreaseDecreaseInFloorPlanPayableNet $19.10M USD 1 Quarter
Proceeds from long-term debt ProceedsFromIssuanceOfLongTermDebt $32.19M USD 1 Quarter
Proceeds from long-term debt ProceedsFromIssuanceOfLongTermDebt $25.55M USD 1 Quarter
Principal payments on long-term debt RepaymentsOfLongTermDebt $42.50M USD 1 Quarter
Principal payments on long-term debt RepaymentsOfLongTermDebt $38.11M USD 1 Quarter
Principal payments on capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $4.85M USD 1 Quarter
Principal payments on capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $3.34M USD 1 Quarter
Issuance of shares relating to employee stock options and employee stock purchases ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $2.31M USD 1 Quarter
Issuance of shares relating to employee stock options and employee stock purchases ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $6.85M USD 1 Quarter
Excess tax expense from stock-based compensation ExcessTaxBenefitExpenseFromShareBasedCompensationFinancingActivities - USD 1 Quarter
Excess tax expense from stock-based compensation ExcessTaxBenefitExpenseFromShareBasedCompensationFinancingActivities $-1.01M USD 1 Quarter
Common stock repurchased PaymentsForRepurchaseOfCommonStock $7.56M USD 1 Quarter
Common stock repurchased PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $523.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-40.84M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $1.97M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $7.81M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $7.05M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $82.03M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $72.66M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $89.07M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $64.85M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $82.03M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $72.66M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $89.07M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $64.85M USD Point-in-time
Interest InterestPaid $8.21M USD 1 Quarter
Interest InterestPaid $10.27M USD 1 Quarter
Income taxes (refunded) paid, net IncomeTaxesRefundedPaidNet $6.20M USD 1 Quarter
Income taxes (refunded) paid, net IncomeTaxesRefundedPaidNet $-15.02M USD 1 Quarter
Assets acquired under capital leases FairValueOfAssetsAcquired $7.58M USD 1 Quarter
Assets acquired under capital leases FairValueOfAssetsAcquired $2.07M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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