Reportable Segments

3 Months Ended

Mar. 31, 2012

Reportable Segments

Reportable Segments

Note 9. Reportable Segments

        ASC 280-10-50—Disclosure about Segments of an Enterprise and Related Information, establishes standards for the manner in which companies report information about operating segments, products, services, geographic areas and major customers. The method of determining what information to report is based on the way that management organizes the operating segments within the Company for making operating decisions and assessing financial performance. Based on the nature of its products and services, the Company operates in two business segments: Aerial Services; and Manufacturing, Repair, and Overhaul ('MRO").

        The accounting policies of the Company's business segments are the same as those described in the summary of significant accounting policies included elsewhere herein.

        Revenue and gross profit by segment are the main metrics used by the chief operating decision maker, management team and the board of directors of the Company to plan, forecast and review the Company's business performance.

        The following table sets forth information about the Company's operations by its two reportable segments and by geographic area. Amounts identified as "Corporate" are assets or expenses that are not allocated to a specific segment:

Revenue by Reportable Segment (in thousands):

	Three Months Ended March 31, 2012		Three Months Ended March 31, 2011
Net revenues:
Aerial Services	$	25,108	$	18,727
Manufacturing / MRO		2,501		1,648
Total net revenues	$	27,609	$	20,375

Gross Profit by Reportable Segment (in thousands):

	Three Months Ended March 31, 2012		Three Months Ended March 31, 2011
Gross profit:
Aerial Services	$	3,258	$	177
Manufacturing / MRO		782		193
Total gross profit	$	4,040	$	370

Assets by Reportable Segment (in thousands):

	March 31, 2012		December 31, 2011
Assets:
Aerial Services	$	112,271	$	109,229
Manufacturing / MRO		100,830		97,549
Corporate		32,423		27,133
Total assets	$	245,524	$	233,911

Revenue by Geographic Area (in thousands):

        For the Aerial Services business segment, revenues are attributed to geographic area based on the country where the services were performed; for the Manufacturing / MRO business segment, revenues are attributed to geographic area based on the country in which the customer is located.

	Three Months Ended March 31, 2012		Three Months Ended March 31, 2011
Net revenues:
North America	$	8,752	$	4,545
South America		3,503		—
Europe		4,701		5,036
Asia		3,268		2,458
Australia		7,385		8,336
Total net revenues	$	27,609	$	20,375