Aircranes and Support Parts in Process and Aircrane Support Parts, net

3 Months Ended

Mar. 31, 2012

Aircranes and Support Parts in Process and Aircrane Support Parts, net

Aircranes and Support Parts in Process and Aircrane Support Parts, net

Note 4. Aircranes and Support Parts in Process and Aircrane Support Parts, net

        Aircranes and support parts in process consist of Aircranes in various stages of production. At March 31, 2012, the balance included one completed Aircrane. At December 31, 2011, the balance included one completed Aircrane and one substantially completed Aircrane. During the three months ended March 31, 2012, significant parts and components from the Aircrane that was substantially completed at year-end were placed into the Company's aicrane support parts inventory to support the Company's fleet for the upcoming fire season.

        Aircrane support parts consisted of the following (in thousands):

	March 31, 2012			December 31, 2011
Aircrane parts	$	59,924		$	50,572
Major component overhauls		31,884			30,777
Work-in-process		22,846			25,593
Less: Excess and obsolete reserve		(5,065	)		(5,050	)
	$	109,589		$	101,892