Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2013 Using				Total
		Level 1		Level 2	Level 3
		(In thousands)
Assets:
Interest rate swaps	DFL and other assets	$	—	10,402	—	10,402
Investments held in Rabbi Trusts:
Cash and cash equivalents		4,816		—	—	4,816
U.S. equity mutual funds		14,003		—	—	14,003
Foreign equity mutual funds		3,882		—	—	3,882
Fixed income mutual funds		4,285		—	—	4,285
Investments held in Rabbi Trusts	DFL and other assets	26,986		—	—	26,986
Total assets at fair value		$	26,986	10,402	—	37,388
Liabilities:
Contingent consideration	Accrued expenses and other current liabilities	$	—	—	498	498
Total liabilities at fair value		$	—	—	498	498

	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 September 30, 2013 Using				Total Losses (2)
	Level 1		Level 2	Level 3	Three months  ended		Nine months ended
	(In thousands)
Assets held for sale:
Revenue earning equipment: (1)
Trucks	$	—	—	10,546	$	2,042	$	7,518
Tractors	—		—	15,332	1,677		4,185
Trailers	—		—	671	275		1,242
Total assets at fair value	$	—	—	26,549	$	3,994	$	12,945

	Fair Value Measurements At September 30, 2012 Using				Total Losses (2)
	Level 1		Level 2	Level 3	Three months  ended		Nine months ended
	(In thousands)
Assets held for sale:
Revenue earning equipment (1)
Trucks	$	—	—	11,994	$	3,664	$	9,153
Tractors	—		—	8,616	1,097		2,639
Trailers	—		—	407	400		1,183
Total assets at fair value	$	—	—	21,017	$	5,161	$	12,975

 ————————————

(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.