2.4.0.846040 - Disclosure - VEHICLE DEPRECIATION AND LEASE CHARGES, NET - DOLLAR THRIFTYtruefalsefalse1false
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4hzc_DisclosureOfDepreciationOnRevenueEarningEquipmentAndLeaseChargesTextBlockhzc_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel| 1falsefalsefalse00<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Depreciation of Revenue Earning Equipment and Lease Charges</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Depreciation of revenue earning equipment and lease charges includes the following (in millions of dollars):</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="8" rowspan="1"></td></tr><tr><td width="73%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="11%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;"> </font></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Three Months Ended<br clear="none"/> March 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">2013</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">2012</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Depreciation of revenue earning equipment</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">573.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">531.4</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Adjustment of depreciation upon disposal of revenue earning equipment</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(1.3</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(39.4</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Rents paid for vehicles leased</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">15.3</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">23.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">587.0</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">515.1</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The adjustment of depreciation upon disposal of revenue earning equipment for the three months ended March 31, 2013 and 2012, included net losses of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$3.3 million</font><font style="font-family:Arial;font-size:10pt;"> and net gains of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$34.9 million</font><font style="font-family:Arial;font-size:10pt;">, respectively, on the disposal of vehicles used in our car rental operations and gains of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$4.6 million</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$4.5 million</font><font style="font-family:Arial;font-size:10pt;">, respectively, on the disposal of industrial and construction equipment used in our equipment rental operations. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Depreciation rates are reviewed on a quarterly basis based on management's routine review of present and estimated future market conditions and their effect on residual values at the time of disposal. During the three months ended March 31, 2013, depreciation rates being used to compute the provision for depreciation of revenue earning equipment were adjusted on certain vehicles in our car rental operations to reflect changes in the estimated residual values to be realized when revenue earning equipment is sold. These depreciation rate changes resulted in net decreases of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$0.7 million</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$0.2 million</font><font style="font-family:Arial;font-size:10pt;"> in depreciation expense for the three months ended March 31, 2013 and March 31, 2012, respectively. For the three months ended March 31, 2013, the depreciation rate changes in certain of our equipment rental operations resulted in an increase of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$0.1 million</font><font style="font-family:Arial;font-size:10pt;"> in depreciation expense.</font></div></div>falsefalsefalse | 2falsefalsefalse00<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;">Depreciation of Revenue Earning Equipment and Lease Charges</font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Depreciation of revenue earning equipment and lease charges includes the following (in millions of dollars):</font></div><div style="line-height:120%;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="12" rowspan="1"></td></tr><tr><td width="68%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="8%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;font-weight:bold;"> </font></div></td><td colspan="11" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">Years Ended December 31,</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">2012</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">2011</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;" rowspan="1"><div style="text-align:center;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;font-weight:bold;">2010</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Depreciation of revenue earning equipment</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2,165.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,921.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,747.0</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Adjustment of depreciation upon disposal of revenue earning equipment</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(96.8</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">(112.2</font></div></td><td style="vertical-align:bottom;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">42.9</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Rents paid for vehicles leased</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">79.8</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">96.1</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">78.2</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:20px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">2,148.2</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,905.7</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"> </font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">$</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">1,868.1</font></div></td><td style="vertical-align:bottom;border-bottom:3px double #000000;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;padding-top:8px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The adjustment of depreciation upon disposal of revenue earning equipment for the year ended December 31, 2012, 2011 and 2010, included net gains of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$83.2 million</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$98.9 million</font><font style="font-family:Arial;font-size:10pt;"> and net loss of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$32.9 million</font><font style="font-family:Arial;font-size:10pt;">, respectively, on the disposal of vehicles used in our car rental operations and net gains of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$13.5 million</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$13.3 million</font><font style="font-family:Arial;font-size:10pt;"> and net loss of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$10.0 million</font><font style="font-family:Arial;font-size:10pt;">, respectively, on the disposal of industrial and construction equipment used in our equipment rental operations. </font></div><div style="line-height:120%;padding-bottom:10px;padding-top:10px;text-align:justify;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Depreciation rates are reviewed on a quarterly basis based on management's routine review of present and estimated future market conditions and their effect on residual values at the time of disposal. During the year ended December 31, 2012, depreciation rates being used to compute the provision for depreciation of revenue earning equipment were adjusted on certain vehicles in our car rental operations to reflect changes in the estimated residual values to be realized when revenue earning equipment is sold. These depreciation rate changes resulted in net decreases of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$130.6 million</font><font style="font-family:Arial;font-size:10pt;"> and </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$13.8 million</font><font style="font-family:Arial;font-size:10pt;"> and a net increase of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$19.1 million</font><font style="font-family:Arial;font-size:10pt;"> in depreciation expense for the years ended December 31, 2012, 2011 and 2010 respectively. The cumulative effect of the reduction in rates was indicative of the strong residual values experienced in the U.S. for the years ended December 31, 2012 and 2011. In 2012, 2011 and 2010, the depreciation rate changes in certain of our equipment rental operations resulted in an increase of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$0.5 million</font><font style="font-family:Arial;font-size:10pt;">, decrease of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$4.4 million</font><font style="font-family:Arial;font-size:10pt;"> and increase of </font><font style="font-family:Arial;font-size:10pt;color:#000000;text-decoration:none;">$3.6 million</font><font style="font-family:Arial;font-size:10pt;"> in depreciation expense, respectively.</font></div></div>falsefalsefalse | 3falsefalsefalse00<div style="font-size:10.0pt;font-family:Times New Roman;">
<p style="FONT-FAMILY: times;"><font size="2"><b>4. VEHICLE DEPRECIATION AND LEASE CHARGES, NET</b></font></p>
<p style="FONT-FAMILY: times;"><font size="2">        Vehicle depreciation and lease charges include the following (in thousands):</font></p>
<div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;">
<p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p>
<!-- User-specified TAGGED TABLE -->
<div align="center">
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;">
<tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET -->
<td style="FONT-FAMILY: times;" align="left"></td>
<td style="FONT-FAMILY: times;" width="12"></td>
<td style="FONT-FAMILY: times;" width="7" align="right"></td>
<td style="FONT-FAMILY: times;" width="45"></td>
<td style="FONT-FAMILY: times;" width="12"></td>
<td style="FONT-FAMILY: times;" width="7" align="right"></td>
<td style="FONT-FAMILY: times;" width="50"></td>
<td style="FONT-FAMILY: times;" width="12"></td>
<td style="FONT-FAMILY: times;" width="7" align="right"></td>
<td style="FONT-FAMILY: times;" width="51"></td>
<td style="FONT-FAMILY: times;" width="12"></td>
<td style="FONT-FAMILY: times;" width="7" align="right"></td>
<td style="FONT-FAMILY: times;" width="51"></td>
<td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr>
<tr style="padding:0;" valign="bottom">
<th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="5" align="center"><font size="1"><b>Three Months Ended<br />
September 30,</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="5" align="center"><font size="1"><b>Nine Months Ended<br />
September 30,</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr>
<tr style="padding:0;" valign="bottom">
<th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr>
<tr style="padding:0;" valign="top" bgcolor="#CCEEFF">
<td style="FONT-FAMILY: times;" valign="bottom">
<p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Depreciation of revenue-earning vehicles and other</font></p></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">94,323</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">80,667</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">230,391</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">247,112</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr>
<tr style="padding:0;" valign="top" bgcolor="white">
<td style="FONT-FAMILY: times;" valign="bottom">
<p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net gains from disposal of revenue-earning vehicles</font></p></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(5,192</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(17,368</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(42,023</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(43,129</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr>
<tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top">
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td></tr>
<tr style="padding:0;" valign="top" bgcolor="#CCEEFF">
<td style="FONT-FAMILY: times;" valign="bottom">
<p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"> </p></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">89,131</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">63,299</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">188,368</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">203,983</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr>
<tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top">
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div>
<!-- end of user-specified TAGGED TABLE --></div>
<p style="FONT-FAMILY: times;"><font size="2">        Average gain on Non-Program Vehicles:</font></p>
<div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;">
<p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p>
<!-- User-specified TAGGED TABLE -->
<div align="center">
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;">
<tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET -->
<td style="FONT-FAMILY: times;" align="left"></td>
<td style="FONT-FAMILY: times;" width="12"></td>
<td style="FONT-FAMILY: times;" width="7" align="right"></td>
<td style="FONT-FAMILY: times;" width="45"></td>
<td style="FONT-FAMILY: times;" width="18"></td>
<td style="FONT-FAMILY: times;" width="7" align="right"></td>
<td style="FONT-FAMILY: times;" width="45"></td>
<td style="FONT-FAMILY: times;" width="12"></td>
<td style="FONT-FAMILY: times;" width="7" align="right"></td>
<td style="FONT-FAMILY: times;" width="45"></td>
<td style="FONT-FAMILY: times;" width="18"></td>
<td style="FONT-FAMILY: times;" width="7" align="right"></td>
<td style="FONT-FAMILY: times;" width="45"></td>
<td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr>
<tr style="padding:0;" valign="bottom">
<th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="5" align="center"><font size="1"><b>Three Months Ended<br />
September 30,</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="5" align="center"><font size="1"><b>Nine Months Ended<br />
September 30,</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr>
<tr style="padding:0;" valign="bottom">
<th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr>
<tr style="padding:0;" valign="top" bgcolor="#CCEEFF">
<td style="FONT-FAMILY: times;" valign="bottom">
<p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Number of Non-Program Vehicles sold</font></p></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">15,463</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">15,441</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">48,530</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">30,787</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr>
<tr style="padding:0;" valign="top" bgcolor="white">
<td style="FONT-FAMILY: times;" valign="bottom">
<p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Average gain on vehicles sold (per vehicle)</font></p></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">336</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1,125</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">866</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1,401</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr>
<tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top">
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div>
<!-- end of user-specified TAGGED TABLE --></div>
<p style="FONT-FAMILY: times;"><font size="2">        Components of vehicle depreciation per vehicle per month:</font></p>
<div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 80%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 10%; PADDING-TOP: 0pt;">
<p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p>
<!-- User-specified TAGGED TABLE -->
<div align="center">
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;">
<tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET -->
<td style="FONT-FAMILY: times;" align="left"></td>
<td style="FONT-FAMILY: times;" width="12"></td>
<td style="FONT-FAMILY: times;" width="7" align="right"></td>
<td style="FONT-FAMILY: times;" width="51"></td>
<td style="FONT-FAMILY: times;" width="12"></td>
<td style="FONT-FAMILY: times;" width="7" align="right"></td>
<td style="FONT-FAMILY: times;" width="51"></td>
<td style="FONT-FAMILY: times;" width="12"></td>
<td style="FONT-FAMILY: times;" width="7" align="right"></td>
<td style="FONT-FAMILY: times;" width="51"></td>
<td style="FONT-FAMILY: times;" width="12"></td>
<td style="FONT-FAMILY: times;" width="7" align="right"></td>
<td style="FONT-FAMILY: times;" width="51"></td>
<td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr>
<tr style="padding:0;" valign="bottom">
<th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="5" align="center"><font size="1"><b>Three Months Ended<br />
September 30,</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="5" align="center"><font size="1"><b>Nine Months Ended<br />
September 30,</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr>
<tr style="padding:0;" valign="bottom">
<th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2012</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr>
<tr style="padding:0;" valign="top" bgcolor="#CCEEFF">
<td style="FONT-FAMILY: times;" valign="bottom">
<p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Average depreciable fleet (units)</font></p></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">120,757</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">113,719</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">113,968</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">110,125</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr>
<tr style="padding:0;" valign="top" bgcolor="white">
<td style="FONT-FAMILY: times;" valign="bottom">
<p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Average depreciation rate</font></p></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">260</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">236</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">225</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">249</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr>
<tr style="padding:0;" valign="top" bgcolor="#CCEEFF">
<td style="FONT-FAMILY: times;" valign="bottom">
<p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Average gain on vehicles sold</font></p></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(14</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(50</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(41</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">(43</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2">)</font></td></tr>
<tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top">
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td></tr>
<tr style="padding:0;" valign="top" bgcolor="white">
<td style="FONT-FAMILY: times;" valign="bottom">
<p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Average vehicle depreciation and lease charges, net</font></p></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">246</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">186</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">184</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">206</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr>
<tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top">
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div>
<!-- end of user-specified TAGGED TABLE --></div>
<p style="FONT-FAMILY: times;"><font size="2">        Vehicles purchased by vehicle rental companies under programs where either the rate of depreciation or the residual value is guaranteed by the manufacturer are referred to as "Program Vehicles." Vehicles not purchased under these programs and for which rental companies therefore bear residual value risk are referred to as "Non-Program Vehicles."</font></p>
<p style="FONT-FAMILY: times;"><font size="2">        Depreciation expense for Non-Program Vehicles, which constitute substantially all of the Company's fleet, is recorded on a straight-line basis over the life of the vehicle, based on the original acquisition cost, the projected residual value at the time of sale, and the estimated length of time the vehicle will be in service. The Company's vehicle depreciation rates are periodically adjusted on a prospective basis when residual value assumptions change due to changes in used vehicle market conditions.</font></p>
<p style="FONT-FAMILY: times;"><font size="2">        The estimation of residual values requires the Company to make assumptions regarding the expected age and mileage of the vehicle at the time of disposal. Additionally, residual value estimates must also take into consideration overall used vehicle market conditions at the time of sale, including the impact of seasonality on vehicle residuals. The difference in residual values assumed and the proceeds realized upon sale of the vehicle is recorded as a gain or loss on the sale of the vehicle, and is recorded as a component of net vehicle depreciation and lease charges in the condensed consolidated statements of comprehensive income.</font></p>
</div>falsefalsefalse | 4falsefalsefalse00<div style="font-size:10.0pt;font-family:Times New Roman;">
<p style="FONT-FAMILY: times;"><font size="2"><b>5. VEHICLE DEPRECIATION AND LEASE CHARGES, NET</b></font></p>
<p style="FONT-FAMILY: times;"><font size="2">        Vehicle depreciation and lease charges include the following:</font></p>
<div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;">
<p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p>
<!-- User-specified TAGGED TABLE -->
<div align="center">
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;">
<tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET -->
<td style="FONT-FAMILY: times;" align="left"></td>
<td style="FONT-FAMILY: times;" width="12"></td>
<td style="FONT-FAMILY: times;" width="7" align="right"></td>
<td style="FONT-FAMILY: times;" width="51"></td>
<td style="FONT-FAMILY: times;" width="12"></td>
<td style="FONT-FAMILY: times;" width="7" align="right"></td>
<td style="FONT-FAMILY: times;" width="51"></td>
<td style="FONT-FAMILY: times;" width="12"></td>
<td style="FONT-FAMILY: times;" width="7" align="right"></td>
<td style="FONT-FAMILY: times;" width="51"></td>
<td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr>
<tr style="padding:0;" valign="bottom">
<th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="8" align="center"><font size="1"><b>Year Ended December 31,</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr>
<tr style="padding:0;" valign="bottom">
<th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2010</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2009</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr>
<tr style="padding:0;" valign="bottom">
<th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="FONT-FAMILY: times;" colspan="8" align="center"><font size="1"><b>(In Thousands)</b></font><br /></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr>
<tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF">
<td style="FONT-FAMILY: times;">
<p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Depreciation of revenue-earning vehicles and other</font></p></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">317,844</font></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">362,284</font></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">461,178</font></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr>
<tr style="padding:0;" valign="bottom" bgcolor="white">
<td style="FONT-FAMILY: times;">
<p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Net gains from disposal of revenue-earning vehicles</font></p></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">(46,887</font></td>
<td style="FONT-FAMILY: times;"><font size="2">)</font></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">(63,084</font></td>
<td style="FONT-FAMILY: times;"><font size="2">)</font></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">(35,086</font></td>
<td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr>
<tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top">
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td></tr>
<tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF">
<td style="FONT-FAMILY: times;">
<p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"> </p></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">270,957</font></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">299,200</font></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">426,092</font></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr>
<tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top">
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div>
<!-- end of user-specified TAGGED TABLE --></div>
<p style="FONT-FAMILY: times;"><font size="2">        Average gain on Non-Program Vehicles:</font></p>
<div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;">
<p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p>
<!-- User-specified TAGGED TABLE -->
<div align="center">
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;">
<tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET -->
<td style="FONT-FAMILY: times;" align="left"></td>
<td style="FONT-FAMILY: times;" width="12"></td>
<td style="FONT-FAMILY: times;" width="7" align="right"></td>
<td style="FONT-FAMILY: times;" width="45"></td>
<td style="FONT-FAMILY: times;" width="12"></td>
<td style="FONT-FAMILY: times;" width="7" align="right"></td>
<td style="FONT-FAMILY: times;" width="45"></td>
<td style="FONT-FAMILY: times;" width="12"></td>
<td style="FONT-FAMILY: times;" width="7" align="right"></td>
<td style="FONT-FAMILY: times;" width="45"></td>
<td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr>
<tr style="padding:0;" valign="bottom">
<th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="8" align="center"><font size="1"><b>Year Ended December 31,</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr>
<tr style="padding:0;" valign="bottom">
<th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2010</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2009</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr>
<tr style="padding:0;" valign="top" bgcolor="#CCEEFF">
<td style="FONT-FAMILY: times;" valign="bottom">
<p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Number of Non-Program Vehicles sold</font></p></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">39,398</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">57,100</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">50,099</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr>
<tr style="padding:0;" valign="top" bgcolor="white">
<td style="FONT-FAMILY: times;" valign="bottom">
<p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Average gain on vehicles sold (per vehicle)</font></p></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1,190</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">1,105</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" valign="bottom" align="right"><font size="2">700</font></td>
<td style="FONT-FAMILY: times;" valign="bottom"><font size="2"> </font></td></tr>
<tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top">
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div>
<!-- end of user-specified TAGGED TABLE --></div>
<p style="FONT-FAMILY: times;"><font size="2">        Components of vehicle depreciation per vehicle per month:</font></p>
<div style="POSITION: relative; PADDING-BOTTOM: 0pt; PADDING-LEFT: 0pt; WIDTH: 70%; PADDING-RIGHT: 0pt; MARGIN-LEFT: 15%; PADDING-TOP: 0pt;">
<p style="FONT-FAMILY: times;"><font size="2"><!-- COMMAND=ADD_TABLEWIDTH,"100%" --></font></p>
<!-- User-specified TAGGED TABLE -->
<div align="center">
<table border="0" cellspacing="0" cellpadding="0" width="100%" style="text-align:left;">
<tr style="padding:0;"><!-- TABLE COLUMN WIDTHS SET -->
<td style="FONT-FAMILY: times;" align="left"></td>
<td style="FONT-FAMILY: times;" width="12"></td>
<td style="FONT-FAMILY: times;" width="7" align="right"></td>
<td style="FONT-FAMILY: times;" width="51"></td>
<td style="FONT-FAMILY: times;" width="12"></td>
<td style="FONT-FAMILY: times;" width="7" align="right"></td>
<td style="FONT-FAMILY: times;" width="51"></td>
<td style="FONT-FAMILY: times;" width="12"></td>
<td style="FONT-FAMILY: times;" width="7" align="right"></td>
<td style="FONT-FAMILY: times;" width="51"></td>
<td style="FONT-FAMILY: times;" width="12"></td><!-- TABLE COLUMN WIDTHS END --></tr>
<tr style="padding:0;" valign="bottom">
<th style="FONT-FAMILY: times;" align="left"><font size="2"> </font><br /></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="8" align="center"><font size="1"><b>Year Ended December 31,</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr>
<tr style="padding:0;" valign="bottom">
<th style="FONT-FAMILY: times;" align="left"><font size="1"> </font><br /></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2011</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2010</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th>
<th style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" colspan="2" align="center"><font size="1"><b>2009</b></font></th>
<th style="FONT-FAMILY: times;"><font size="1"> </font></th></tr>
<tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF">
<td style="FONT-FAMILY: times;">
<p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Average depreciable fleet (units)</font></p></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">108,127</font></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">103,207</font></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">105,301</font></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr>
<tr style="padding:0;" valign="bottom" bgcolor="white">
<td style="FONT-FAMILY: times;">
<p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Average depreciation rate</font></p></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">245</font></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">293</font></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">365</font></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr>
<tr style="padding:0;" valign="bottom" bgcolor="#CCEEFF">
<td style="FONT-FAMILY: times;">
<p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Average gain on vehicles sold</font></p></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">(36</font></td>
<td style="FONT-FAMILY: times;"><font size="2">)</font></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">(51</font></td>
<td style="FONT-FAMILY: times;"><font size="2">)</font></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">(28</font></td>
<td style="FONT-FAMILY: times;"><font size="2">)</font></td></tr>
<tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top">
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 1pt solid; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td></tr>
<tr style="padding:0;" valign="bottom" bgcolor="white">
<td style="FONT-FAMILY: times;">
<p style="TEXT-INDENT: -10pt; FONT-FAMILY: times; MARGIN-LEFT: 10pt;"><font size="2">Average vehicle depreciation and lease charges, net</font></p></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">209</font></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">242</font></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">$</font></td>
<td style="FONT-FAMILY: times;" align="right"><font size="2">337</font></td>
<td style="FONT-FAMILY: times;"><font size="2"> </font></td></tr>
<tr style="padding:0; FONT-SIZE: 1.5pt;" valign="top">
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td>
<td style="BORDER-BOTTOM: #000000 2.25pt double; FONT-FAMILY: times;" valign="bottom" colspan="2" align="right"> </td>
<td style="FONT-FAMILY: times;" valign="bottom"> </td></tr></table></div>
<!-- end of user-specified TAGGED TABLE --></div>
<p style="FONT-FAMILY: times;"><font size="2">        Depreciation expense for Non-Program Vehicles, which constitute substantially all of the Company's fleet, is recorded on a straight-line basis over the life of the vehicle, based on the original acquisition cost, the projected residual value at the time of sale, and the estimated length of time the vehicle will be held in service. The Company's vehicle depreciation rates will be periodically adjusted on a prospective basis when residual value assumptions change due to changes in used vehicle market conditions.</font></p>
</div>falsefalsefalse | nonnum:textBlockItemTypenaThis element encapsulates the entire disclosure pertaining to depreciation of revenue earning equipment and lease charges. Revenue earning equipment includes cars, equipment and other equipment which are given on rental or lease. Lease charges include rents paid for vehicles leased.No definition available.false0
falseVEHICLE DEPRECIATION AND LEASE CHARGES, NET - DOLLAR THRIFTYUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.hertz.com/role/DisclosureVehicleDepreciationAndLeaseChargesNetDollarThriftyQuarterEnd41