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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2012
Fair Value Disclosures [Abstract]  
Assets and liabilities measured at fair value on recurring basis
The following tables present our assets and liabilities that are measured at fair value on a recurring basis and the levels of inputs used to measure fair value:
 
 
 
 
Fair Value Measurements
At December 31, 2012 Using
 
 
 
 
Balance Sheet Location    
 
Level 1
 
Level 2
 
Level 3
 
Total    
 
 
 
 
(In thousands)
Assets:
 
 
 
 
 
 
 
 
 
 
Interest rate swap
 
Prepaid expenses and other current assets
 
$

 
1,313

 

 
1,313

Interest rate swaps
 
DFL and other assets
 

 
15,412

 

 
15,412

Investments held in Rabbi Trusts:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
 
 
4,055

 

 

 
4,055

U.S. equity mutual funds
 
 
 
10,871

 

 

 
10,871

Foreign equity mutual funds
 
 
 
2,974

 

 

 
2,974

Fixed income mutual funds
 
 
 
4,526

 

 

 
4,526

Investments held in Rabbi Trusts
 
DFL and other assets
 
22,426

 

 

 
22,426

Total assets at fair value
 
 
 
$
22,426

 
16,725

 

 
39,151

Liabilities:
 
 
 
 
 
 
 
 
 
 
Contingent consideration
 
Other non-current liabilities
 

 

 
478

 
478

Total liabilities at fair value
 
 
 
$

 

 
478

 
478

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fair Value Measurements
At December 31, 2011 Using
 
 
 
 
Balance Sheet Location
 
Level 1
 
Level 2
 
Level 3
 
Total
 
 
 
 
(In thousands)
Assets:
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
DFL and other assets
 
$

 
21,843

 

 
21,843

Investments held in Rabbi Trusts:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
 
 
3,783

 

 

 
3,783

U.S. equity mutual funds
 
 
 
8,850

 

 

 
8,850

Foreign equity mutual funds
 
 
 
2,526

 

 

 
2,526

Fixed income mutual funds
 
 
 
3,537

 

 

 
3,537

Investments held in Rabbi Trusts
 
DFL and other assets
 
18,696

 

 

 
18,696

Total assets at fair value
 
 
 
$
18,696

 
21,843

 

 
40,539

Liabilities:
 
 
 
 
 
 
 
 
 
 
Contingent consideration
 
Accrued Expenses
 
$

 

 
1,000

 
1,000

Total liabilities at fair value
 
 
 
$

 

 
1,000

 
1,000

Assets and liabilities measured at fair value on nonrecurring basis
The following table presents our assets that are measured at fair value on a nonrecurring basis and the levels of inputs used to measure fair value:
 
 
Fair Value Measurements
At December 31, 2012 Using
 
Year ended
December 31, 2012
 
 
Level 1
 
Level 2
 
Level 3
 
Total Losses (2)
Assets held for sale:
 
 
 
 
 
 
 
 
Revenue earning equipment: (1)
 
 
 
 
 
 
 
 
Trucks
 
$

 

 
14,263

 
$
12,853

Tractors
 

 

 
11,619

 
4,058

Trailers
 

 

 
585

 
1,489

Total assets at fair value
 
$

 

 
26,467

 
$
18,400

 
 
 
 
 
 
 
 
 
 
 
Fair Value Measurements
    At December 31, 2011 Using    
 
Year ended
December 31, 2011
 
 
Level 1
 
Level 2
 
Level 3
 
Total Losses (2)
Assets held for sale:
 
 
 
 
 
 
 
 
Revenue earning equipment (1)
 
 
 
 
 
 
 
 
Trucks
 
$

 

 
6,147

 
$
5,556

Tractors
 

 

 
3,040

 
1,982

Trailers
 

 

 
296

 
1,353

Total assets at fair value
 
$

 

 
9,483

 
$
8,891

______________
(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 less costs to sell was less than carrying value.