Question-and-Answer Session
Operator
(Operator Instructions). We'll take our first question from John Hecht with JMP Securities.
John Hecht - JMP Securities
Thanks, guys for taking my questions. On the guidance, what tax rate is it mid to -- in the low to mid-30s, is that the best tax rate to use?
Robert Lyons
Correct, John, right around 33% or so.
John Hecht - JMP Securities
Okay. And in the quarter, what was the release percent in the rail segment and has that changed much since Q1?
Rhonda Johnson
It's actually very similar to Q1, John. It's about 53% of those renewed, an additional about one-third were assigned. If you look at our fleet roll forward on the last page of our press release, you'll see that we had about 500 additional idle cars this quarter and that's about what we expected.
John Hecht - JMP Securities
Okay. And then in the $111 million of expenditures, how much of that were related to committed orders and how much of that was related to new orders during the quarter? And what type of assets you are finding at attractive prices right now?
Robert Lyons
It was essentially all on committed orders, John.
John Hecht - JMP Securities
Okay.
Robert Lyons
So we haven't really placed any advanced or discretionary orders to this point.
John Hecht - JMP Securities
Okay. And last question is, what are you seeing in the competitive markets, I mean primary -- the primary players are going to be GE and Union Tank Car? And then if you could comment at all on the situation over at CIT and how you see that unfolding and what type of opportunities -- or potential challenges that might present to you as well?
Brian Kenney
Yeah, it's Brian. I mean as far as CIT and their competitive side in the rail business, you really don't see anything. Everybody is competing very aggressively in the rail market. And despite what's going on in the larger parent at GE or CIT or anywhere else, you don't see it. What you see in the rail market is very aggressive competition on price and people trying to maintain utilization.
John Hecht - JMP Securities
No one acting irrationally or surprisingly?
Brian Kenney
No. I don't think so at all. I think people are just trying to keep their fleet utilized and doing what they can do keep that up.
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