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Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2015
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)
 
March 31,
 
Three months ended March 31,
 
2015
 
2014
 
2015
 
2014
 
(In thousands)
Assets held for sale:
 
 
 
 
 
 
 
Revenue earning equipment: (1)
 
 
 
 
 
 
 
Trucks
$
5,298

 
11,928

 
$
1,228

 
1,882

Tractors
4,611

 
7,495

 
827

 
1,632

Trailers
1,231

 
742

 
316

 
161

Total assets at fair value
$
11,140

 
20,165

 
$
2,371

 
3,675

 
 ————————————
(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.