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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2013
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, 2013 Using
 
 
 
 
Balance Sheet Location    
 
Level 1
 
Level 2
 
Level 3
 
Total    
 
 
 
 
(In thousands)
Assets:
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
DFL and other assets
 
$

 
9,333

 

 
9,333

Investments held in Rabbi Trusts:
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents
 
 
 
7,101

 

 

 
7,101

U.S. equity mutual funds
 
 
 
16,479

 

 

 
16,479

Foreign equity mutual funds
 
 
 
4,323

 

 

 
4,323

Fixed income mutual funds
 
 
 
4,616

 

 

 
4,616

Investments held in Rabbi Trusts
 
DFL and other assets
 
32,519

 

 

 
32,519

Total assets at fair value
 
 
 
$
32,519

 
9,333

 

 
41,852

Liabilities:
 
 
 
 
 
 
 
 
 
 
Interest rate swaps
 
Other non-current liabilities
 

 
1,162

 

 
1,162

Total liabilities at fair value
 
 
 
$

 
1,162

 

 
1,162

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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

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, 2013 Using
 
Year ended
December 31, 2013
 
 
Level 1
 
Level 2
 
Level 3
 
Total Losses (2)
Assets held for sale:
 
 
 
 
 
 
 
 
Revenue earning equipment: (1)
 
 
 
 
 
 
 
 
Trucks
 
$

 

 
13,326

 
$
9,926

Tractors
 

 

 
10,339

 
4,824

Trailers
 

 

 
723

 
1,678

Total assets at fair value
 
$

 

 
24,388

 
$
16,428

 
 
 
 
 
 
 
 
 
 
 
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

______________
(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.