Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2014

Fair Value Disclosures [Abstract]

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 June 30, 2014 Using		Total Losses (2)
		Level 3	Three months  ended		Six months ended
	(In thousands)
Assets held for sale:
Revenue earning equipment: (1)
Trucks		10,713	$	1,572	$	3,454
Tractors		6,057	662		2,294
Trailers		497	281		442
Total assets at fair value		17,267	$	2,515	$	6,190

	Fair Value Measurements At June 30, 2013 Using		Total Losses (2)
		Level 3	Three months  ended		Six months ended
	(In thousands)
Assets held for sale:
Revenue earning equipment (1)
Trucks		11,132	$	2,447	$	5,476
Tractors		16,283	1,413		2,508
Trailers		882	370		967
Total assets at fair value		28,297	$	4,230	$	8,951

 ————————————

(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.