XML 51 R15.htm IDEA: XBRL DOCUMENT
v2.4.0.6

License Fees | 6 Months Ended
--- | ---
Nov. 30, 2011
License Fees |
License Fees |
Note 10 — License Fees In June 2011, we entered into a ten-year agreement with Unison Industries to be the exclusive worldwide aftermarket distributor for Unison’s electrical components, sensors, switches and other systems for aircraft and industrial uses (the “Agreement”). The Agreement is expected to generate approximately $600,000 in revenues for the Company over its ten-year term. In connection with the agreement, we agreed to pay Unison Industries $20,000 for the exclusive distribution rights with $7,000 paid in June 2011, and $1,300 payable by January 31 of each calendar year beginning in January 2012 through 2021. In June 2011, we recorded an asset of $16,513, representing the $7,000 license fee paid in June 2011 and the present value of the future obligation for the license fees under the Agreement. This item is included in Other assets on the condensed consolidated balance sheet and is being amortized over a ten-year period. The current portion of the deferred payments is recorded in Accrued liabilities and the long-term portion is included in Other liabilities and deferred income on the condensed consolidated balance sheet.

X
- Definition Disclosure of the license and distribution agreements of the entity. + References No definition available. + Details
Name: | air_LicenseAndDistributionAgreementTextBlock
Namespace Prefix: | air_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | air_LicenseFeesDisclosureAbstract
Namespace Prefix: | air_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration