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INVENTORIES

6 Months Ended

Jun. 30, 2011

2.	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):

	June 30,		December 31,
	2011		2010
Raw materials and components	$	65,154	$	27,970
Work in progress		16,005		4,025
Finished goods		100,615		70,371
Aftermarket parts		5,042		4,486
Used trailers		8,627		3,998
	$	195,443	$	110,850

- 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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