Maintenance Reserves and Accrued Maintenance Costs (Tables)

9 Months Ended

Sep. 30, 2013

Maintenance Reserves and Accrued Maintenance Costs [Abstract]

Summary of the company's maintenance reserves and accruals

 At September 30, 2013 and December 31, 2012, the Company’s maintenance reserves and accrued maintenance costs consisted of the following:

	September 30, 2013		December 31, 2012
Refundable maintenance reserves	$	9,711,600	$	14,477,400
Accrued maintenance costs		2,669,700		878,700
	$	12,381,300	$	15,356,100

Additions to and deductions from the company's accrued maintenance cost for aircraft maintenance

Additions to and deductions from the Company’s accrued maintenance costs during the nine months ended September 30, 2013 and 2012 for aircraft maintenance were as follows:

	For the Nine Months Ended September 30,
	2013		2012
Balance, beginning of period	$	878,700	$	1,013,400
Additions:
Charged to expense		6,239,900		3,174,500
Capital equipment		384,800		52,300
Accrued claims related to refundable maintenance reserves		605,900		578,100
Prepaid maintenance and other		134,100		333,500
Total additions		7,364,700		4,138,400
Deductions:
Payments		4,770,000		3,233,900
Other		803,700		292,400
Total deductions		5,573,700		3,526,300
Net increase in accrued maintenance costs		1,791,000		612,100
Balance, end of period	$	2,669,700	$	1,625,500