Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 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:

	Fair Value Measurements at		Total Losses (2)
	June 30, 2015		Three months ended June 30, 2015		Six months ended June 30, 2015
	(In thousands)
Assets held for sale:
Revenue earning equipment: (1)
Trucks	$	6,805	$	1,515	$	2,743
Tractors	7,389		1,081		1,908
Trailers	1,625		656		972
Total assets at fair value	$	15,819	$	3,252	5,623

	Fair Value Measurements at		Total Losses (2)
	June 30, 2014		Three months ended June 30, 2014		Six months ended June 30, 2014
	(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

 ————————————

(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.