Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value Disclosures [Abstract]

Assets and liabilities measured at fair value on recurring basis

The following tables present our assets and liabilities that are measured at fair value on a recurring basis and the levels of inputs used to measure fair value:

	Balance Sheet Location	Fair Value Measurements At March 31, 2013 Using				Total
		Level 1		Level 2	Level 3
		(In thousands)
Assets:
Interest rate swaps	DFL and other assets	$	—	13,944	—	13,944
Investments held in Rabbi Trusts:
Cash and cash equivalents		3,513		—	—	3,513
U.S. equity mutual funds		12,239		—	—	12,239
Foreign equity mutual funds		3,337		—	—	3,337
Fixed income mutual funds		4,534		—	—	4,534
Investments held in Rabbi Trusts	DFL and other assets	23,623		—	—	23,623
Total assets at fair value		$	23,623	13,944	—	37,567
Liabilities:
Contingent consideration	Accrued expenses and other current liabilities	$	—	—	478	478
Total liabilities at fair value		$	—	—	478	478

	Balance Sheet Location	Fair Value Measurements At December 31, 2012 Using				Total
		Level 1		Level 2	Level 3
		(In thousands)
Assets:
Interest rate swaps	Prepaid expenses and other current assets	$	—	1,313	—	1,313
Interest rate swaps	DFL and other assets	—		15,412	—	15,412
Investments held in Rabbi Trusts:
Cash and cash equivalents		4,055		—	—	4,055
U.S. equity mutual funds		10,871		—	—	10,871
Foreign equity mutual funds		2,974		—	—	2,974
Fixed income mutual funds		4,526		—	—	4,526
Investments held in Rabbi Trusts	DFL and other assets	22,426		—	—	22,426
Total assets at fair value		$	22,426	16,725	—	39,151
Liabilities:
Contingent consideration	Other non-current liabilities	$	—	—	478	478
Total liabilities at fair value		$	—	—	478	478

Assets and liabilities measured at fair value on nonrecurring basis

The following tables present our assets and liabilities that are measured at fair value on a nonrecurring basis and the levels of inputs used to measure fair value:

	Fair Value Measurements At March 31, 2013 Using				Total Losses (2)
	Level 1		Level 2	Level 3	Three months  ended
	(In thousands)
Assets held for sale:
Revenue earning equipment: (1)
Trucks	$	—	—	13,229	$	3,029
Tractors	—		—	14,943	1,095
Trailers	—		—	989	597
Total assets at fair value	$	—	—	29,161	$	4,721

	Fair Value Measurements At March 31, 2012 Using				Total Losses (2)
	Level 1		Level 2	Level 3	Three months  ended
	(In thousands)
Assets held for sale:
Revenue earning equipment (1)
Trucks	$	—	—	7,321	$	2,381
Tractors	—		—	3,514	471
Trailers	—		—	624	507
Total assets at fair value	$	—	—	11,459	$	3,359

 ————————————

(1) Represents the portion of all revenue earning equipment held for sale that is recorded at fair value, less costs to sell.

(2) Total losses represent fair value adjustments for all vehicles held for sale throughout the period for which fair value was less than carrying value.