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Fair Value Measurements (Tables)
9 Months Ended
Sep. 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)
 
September 30, 2015
 
Three months ended September 30, 2015
 
Nine months ended September 30, 2015
 
(In thousands)
Assets held for sale:
 
 
 
 
 
Revenue earning equipment: (1)
 
 
 
 
 
Trucks
$
7,701

 
$
1,657

 
$
4,400

Tractors
10,093

 
2,062

 
3,970

Trailers
1,195

 
610

 
1,582

Total assets at fair value
$
18,989

 
$
4,329

 
9,952


 
 
 
 
 
Fair Value Measurements at
 
Total Losses (2)
 
 
September 30, 2014
 
Three months ended September 30, 2014
 
Nine months ended September 30, 2014
 
 
(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

 
 
 ————————————
(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.