PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2012

Property and equipment are as follows:



	(In thousands)
Property and Equipment	December 31, 2012			December 31, 2011
Aircraft	$	7,797		$	5,249
Leasehold	12,289			1,459
Manufacturing Equipment	2,605			1,839
Office Equipment	8,273			3,317
Total	$	30,964		$	11,864
Accumulated Depreciation	(7,104		)	(3,157		)
Property and Equipment, net	$	23,860		$	8,707

Depreciation expense charged to operations was $4,369,000, $2,082,000, and $760,000 for the years ended December 31, 2012, 2011 and 2010, respectively. Certain of our aircraft and equipment are stored and operated out of military bases located overseas.

In May 2012 we moved into new office space which provided leasehold improvements paid by the lessor totaling $8.0 million.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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