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INVENTORIES

3 Months Ended

Mar. 31, 2012

INVENTORIES

Inventories are stated at the lower of cost, primarily determined on the first-in, first-out (FIFO) method, or market. The cost of manufactured inventory includes raw material, labor and overhead. Inventories consist of the following (in thousands):

	March 31,		December 31,
	2012		2011
Raw materials and components	$	69,725	$	54,000
Work in progress		18,292		2,332
Finished goods		107,918		115,095
Aftermarket parts		5,721		5,762
Used trailers		13,718		12,344
	$	215,374	$	189,533

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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