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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2014
Fair Value Disclosures [Abstract]  
Assets and liabilities measured at fair value on nonrecurring basis
The following tables present our assets that are measured at fair value on a nonrecurring basis and considered a Level 3 fair value measurement:
 
 
 
Total Losses (2)
 
2014
 
Three months ended
 
Nine months ended
 
(In thousands)
Assets held for sale:
 
 
 
 
 
Revenue earning equipment: (1)
 
 
 
 
 
Trucks
$
8,437

 
$
1,527

 
$
4,981

Tractors
4,666

 
530

 
2,824

Trailers
682

 
320

 
762

Total assets at fair value
$
13,785

 
$
2,377

 
$
8,567

 
 
 
 
Total Losses (2)
 
2013
 
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

 ————————————
(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.