$AIRT
AIR T INC

2020 Q2 Form 10-Q Financial Statement

#000035318420000047 Filed on August 14, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2020 Q1 2019 Q2
Revenue $36.97M $65.60M $47.19M
YoY Change -21.65% -2.56% -8.94%
Cost Of Revenue $29.08M $51.33M $34.54M
YoY Change -15.81% 1.8% -14.14%
Gross Profit $7.890M $14.28M $12.65M
YoY Change -37.63% -15.55% 9.15%
Gross Profit Margin 21.34% 21.77% 26.81%
Selling, General & Admin $7.550M $11.16M $9.710M
YoY Change -22.25% 20.78% 28.95%
% of Gross Profit 95.69% 78.15% 76.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $609.0K $1.070M $1.947M
YoY Change -68.72% -56.68% 30.2%
% of Gross Profit 7.72% 7.49% 15.39%
Operating Expenses $37.24M $12.18M $46.19M
YoY Change -19.39% 7.98% -20.72%
Operating Profit -$266.0K $2.100M $998.0K
YoY Change -126.65% -62.61% -61.67%
Interest Expense $1.161M -$670.0K $1.024M
YoY Change 13.38% -21.18% 44.8%
% of Operating Profit -31.9% 102.61%
Other Income/Expense, Net -$990.0K -$1.210M $2.620M
YoY Change -137.79% -626.09% 145.91%
Pretax Income -$1.256M $230.0K $3.618M
YoY Change -134.72% -95.43% -1.39%
Income Tax -$300.0K -$490.0K -$400.0K
% Of Pretax Income -213.04% -11.06%
Net Earnings -$841.0K $590.0K $1.783M
YoY Change -147.17% -76.84% -36.97%
Net Earnings / Revenue -2.27% 0.9% 3.78%
Basic Earnings Per Share -$0.29 $0.20 $0.79
Diluted Earnings Per Share -$0.29 $0.20 $0.79
COMMON SHARES
Basic Shares Outstanding 2.882M shares 2.913M shares 2.253M shares
Diluted Shares Outstanding 2.882M shares 2.257M shares

Balance Sheet

Concept 2020 Q2 2020 Q1 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.900M $7.600M $17.90M
YoY Change -44.69% -46.48% 163.24%
Cash & Equivalents $7.095M $5.952M $16.20M
Short-Term Investments $2.800M $1.700M $1.800M
Other Short-Term Assets $18.10M $16.00M $9.800M
YoY Change 84.69% -14.44% 92.16%
Inventory $63.88M $60.62M $36.53M
Prepaid Expenses
Receivables $10.27M $13.08M $23.72M
Other Receivables $1.400M $1.200M $900.0K
Total Short-Term Assets $103.6M $98.49M $88.92M
YoY Change 16.54% 38.04% 48.05%
LONG-TERM ASSETS
Property, Plant & Equipment $5.190M $5.272M $4.752M
YoY Change 9.22% 23.64% -75.53%
Goodwill $4.227M $4.227M $4.418M
YoY Change -4.31% 0.0% 0.0%
Intangibles $878.0K $749.0K $1.161M
YoY Change -24.38% -24.95% -15.34%
Long-Term Investments $4.650M $5.208M $4.476M
YoY Change 3.89% -7.18% -14.57%
Other Assets $626.0K $2.173M $297.5K
YoY Change 110.42% 986.5% -61.47%
Total Long-Term Assets $49.53M $52.94M $44.73M
YoY Change 10.72% 20.88% 20.72%
TOTAL ASSETS
Total Short-Term Assets $103.6M $98.49M $88.92M
Total Long-Term Assets $49.53M $52.94M $44.73M
Total Assets $153.2M $151.4M $133.7M
YoY Change 14.59% 31.51% 37.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.722M $10.86M $13.30M
YoY Change -41.92% -4.78% -10.69%
Accrued Expenses $15.20M $14.20M $10.40M
YoY Change 46.15% 15.45% -0.18%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $37.20M $42.70M $27.80M
YoY Change 33.81% 72.87%
Total Short-Term Liabilities $60.16M $67.75M $60.39M
YoY Change -0.39% 28.32% 73.17%
LONG-TERM LIABILITIES
Long-Term Debt $53.70M $43.10M $36.30M
YoY Change 47.93% 31.0% 15.97%
Other Long-Term Liabilities $1.435M $1.402M $1.229M
YoY Change 16.71% 134.84% 70.94%
Total Long-Term Liabilities $1.435M $1.402M $1.229M
YoY Change 16.71% 134.84% 70.94%
TOTAL LIABILITIES
Total Short-Term Liabilities $60.16M $67.75M $60.39M
Total Long-Term Liabilities $1.435M $1.402M $1.229M
Total Liabilities $123.1M $120.3M $106.0M
YoY Change 16.16% 39.42% 56.78%
SHAREHOLDERS EQUITY
Retained Earnings $22.93M $23.77M $17.97M
YoY Change 27.58% 12.16% -23.26%
Common Stock $756.0K $756.0K $753.8K
YoY Change 0.3% 49.41% 47.54%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.617M $2.617M
YoY Change
Treasury Stock Shares 140.9K shares 140.9K shares
Shareholders Equity $23.50M $24.01M $19.94M
YoY Change
Total Liabilities & Shareholders Equity $153.2M $151.4M $133.7M
YoY Change 14.59% 31.51% 37.62%

Cashflow Statement

Concept 2020 Q2 2020 Q1 2019 Q2
OPERATING ACTIVITIES
Net Income -$841.0K $590.0K $1.783M
YoY Change -147.17% -76.84% -36.97%
Depreciation, Depletion And Amortization $609.0K $1.070M $1.947M
YoY Change -68.72% -56.68% 30.2%
Cash From Operating Activities -$3.335M -$15.38M $5.388M
YoY Change -161.9% -177.91% -63.39%
INVESTING ACTIVITIES
Capital Expenditures $586.0K $2.210M $250.0K
YoY Change 134.4% -626.19% -45.6%
Acquisitions $0.00 $500.0K
YoY Change -100.0% -84.97%
Other Investing Activities $78.00K $13.80M -$34.00K
YoY Change -329.41% 8017.65% -99.46%
Cash From Investing Activities -$548.0K $16.01M -$3.780M
YoY Change -85.5% -6504.0% -43.72%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $126.3K
YoY Change
Debt Paid & Issued, Net $2.437M $7.026M
YoY Change -65.31% 400.14%
Cash From Financing Activities $5.040M -6.920M $2.008M
YoY Change 151.0% -33.27% -127.47%
NET CHANGE
Cash From Operating Activities -$3.335M -15.38M $5.388M
Cash From Investing Activities -$548.0K 16.01M -$3.780M
Cash From Financing Activities $5.040M -6.920M $2.008M
Net Change In Cash $1.085M -6.290M $3.619M
YoY Change -70.02% -168.97% 422.63%
FREE CASH FLOW
Cash From Operating Activities -$3.335M -$15.38M $5.388M
Capital Expenditures $586.0K $2.210M $250.0K
Free Cash Flow -$3.921M -$17.59M $5.138M
YoY Change -176.31% -187.25% -63.96%

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CY2020Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1.00
CY2020Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
1.00
CY2020Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000 shares
CY2020Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000 shares
CY2020Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2020Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2020Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.25
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.25
CY2020Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
4000000 shares
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
4000000 shares
CY2020Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3022745 shares
CY2020Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3022745 shares
CY2020Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2881853 shares
CY2020Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2881853 shares
CY2020Q2 us-gaap Common Stock Value
CommonStockValue
756000 USD
CY2020Q1 us-gaap Common Stock Value
CommonStockValue
756000 USD
CY2020Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
140892 shares
CY2020Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
140892 shares
CY2020Q2 airt Treasury Stock Average Price Per Share
TreasuryStockAveragePricePerShare
18.58
CY2020Q1 airt Treasury Stock Average Price Per Share
TreasuryStockAveragePricePerShare
18.58
CY2020Q2 us-gaap Treasury Stock Value
TreasuryStockValue
2617000 USD
CY2020Q1 us-gaap Treasury Stock Value
TreasuryStockValue
2617000 USD
CY2020Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
3065000 USD
CY2020Q1 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
2636000 USD
CY2020Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
22927000 USD
CY2019Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2537000 USD
CY2020Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
23768000 USD
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-630000 USD
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-537000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
23501000 USD
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
24006000 USD
CY2020Q2 us-gaap Minority Interest
MinorityInterest
1000000 USD
CY2020Q1 us-gaap Minority Interest
MinorityInterest
1005000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
24501000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
25011000 USD
CY2020Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
153150000 USD
CY2020Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
151427000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-956000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
4156000 USD
CY2020Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2019Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
161000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-956000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
3995000 USD
CY2020Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
609000 USD
CY2019Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1947000 USD
CY2020Q2 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 USD
CY2019Q2 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
815000 USD
CY2020Q2 airt Gain On Settlement Of Bankruptcy
GainOnSettlementOfBankruptcy
0 USD
CY2019Q2 airt Gain On Settlement Of Bankruptcy
GainOnSettlementOfBankruptcy
4509000 USD
CY2020Q2 airt Business Combination Bargain Purchase Gain Recognized Amount Net
BusinessCombinationBargainPurchaseGainRecognizedAmountNet
0 USD
CY2019Q2 airt Business Combination Bargain Purchase Gain Recognized Amount Net
BusinessCombinationBargainPurchaseGainRecognizedAmountNet
34000 USD
CY2020Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-369000 USD
CY2019Q2 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-378000 USD
CY2020Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2570000 USD
CY2019Q2 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
4474000 USD
CY2020Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
663000 USD
CY2019Q2 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2401000 USD
CY2020Q2 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-3141000 USD
CY2020Q2 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
971000 USD
CY2019Q2 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3831000 USD
CY2020Q2 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
3094000 USD
CY2019Q2 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
2045000 USD
CY2020Q2 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-3335000 USD
CY2019Q2 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
4842000 USD
CY2020Q2 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
0 USD
CY2019Q2 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
546000 USD
CY2020Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3335000 USD
CY2019Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
5388000 USD
CY2020Q2 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
482000 USD
CY2019Q2 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
27000 USD
CY2020Q2 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
658000 USD
CY2019Q2 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
309000 USD
CY2020Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
CY2019Q2 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
500000 USD
CY2020Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
586000 USD
CY2019Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
250000 USD
CY2020Q2 airt Payments Related To Assets On Lease
PaymentsRelatedToAssetsOnLease
60000 USD
CY2019Q2 airt Payments Related To Assets On Lease
PaymentsRelatedToAssetsOnLease
3298000 USD
CY2020Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
78000 USD
CY2019Q2 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-34000 USD
CY2020Q2 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-548000 USD
CY2019Q2 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-3732000 USD
CY2020Q2 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
0 USD
CY2019Q2 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
-48000 USD
CY2020Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-548000 USD
CY2019Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3780000 USD
CY2020Q2 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
8006000 USD
CY2019Q2 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
24447000 USD
CY2020Q2 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
18205000 USD
CY2019Q2 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
17143000 USD
CY2020Q2 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 USD
CY2019Q2 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
2018000 USD
CY2020Q2 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
9478000 USD
CY2019Q2 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2020Q2 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
8215000 USD
CY2019Q2 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
CY2020Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2437000 USD
CY2019Q2 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
7026000 USD
CY2020Q2 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-17000 USD
CY2019Q2 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-288000 USD
CY2020Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5040000 USD
CY2019Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2008000 USD
CY2020Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-72000 USD
CY2019Q2 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1085000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3619000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
15571000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
12648000 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
16656000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
16267000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
23358000 USD
CY2019Q2 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
3817000 USD
CY2019Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
126000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Stock Split
AdjustmentsToAdditionalPaidInCapitalStockSplit
0 USD
CY2019Q2 airt Stockholders Equity Issuance Of Debt
StockholdersEquityIssuanceOfDebt
4000000 USD
CY2019Q2 us-gaap Warrant Down Round Feature Increase Decrease In Equity Amount
WarrantDownRoundFeatureIncreaseDecreaseInEquityAmount
840000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-176000 USD
CY2019Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-18000 USD
CY2019Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
985000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20989000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
25011000 USD
CY2020Q2 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-846000 USD
CY2020Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
49000 USD
CY2020Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-26000 USD
CY2020Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
-67000 USD
CY2020Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-429000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
24501000 USD
CY2020Q2 airt Minimum Debt Service Coverage Ratio
MinimumDebtServiceCoverageRatio
1.25
CY2020Q2 us-gaap Minimum Net Worth Required For Compliance
MinimumNetWorthRequiredForCompliance
15000000 USD
CY2020Q2 us-gaap Revenues
Revenues
36970000 USD
CY2019Q2 us-gaap Revenues
Revenues
47188000 USD
CY2020Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1790000 USD
CY2020Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1853000 USD
CY2020Q2 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
0 USD
CY2019Q2 us-gaap Disposal Group Including Discontinued Operation Revenue
DisposalGroupIncludingDiscontinuedOperationRevenue
8517000 USD
CY2020Q2 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
0 USD
CY2019Q2 us-gaap Disposal Group Including Discontinued Operation Operating Expense
DisposalGroupIncludingDiscontinuedOperationOperatingExpense
8303000 USD
CY2020Q2 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
0 USD
CY2019Q2 us-gaap Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
214000 USD
CY2020Q2 us-gaap Discontinued Operation Tax Effect Of Income Loss From Disposal Of Discontinued Operation
DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperation
0 USD
CY2019Q2 us-gaap Discontinued Operation Tax Effect Of Income Loss From Disposal Of Discontinued Operation
DiscontinuedOperationTaxEffectOfIncomeLossFromDisposalOfDiscontinuedOperation
53000 USD
CY2020Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2019Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
161000 USD
CY2020Q2 us-gaap Other Employee Related Liabilities Current And Noncurrent
OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent
2408000 USD
CY2020Q1 us-gaap Other Employee Related Liabilities Current And Noncurrent
OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent
3349000 USD
CY2020Q2 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
3532000 USD
CY2020Q1 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
3616000 USD
CY2020Q2 us-gaap Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
2009000 USD
CY2020Q1 us-gaap Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
1722000 USD
CY2020Q2 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
6046000 USD
CY2020Q1 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
4337000 USD
CY2020Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
13995000 USD
CY2020Q1 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
13024000 USD
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-300000 USD
CY2020Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0
CY2019Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.07
CY2020Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0
CY2019Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.07
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2882000 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2257000 shares
CY2020Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.2389
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-400000 USD
CY2019Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.1042
CY2020Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-956000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
3995000 USD
CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-115000 USD
CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2373000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-841000 USD
CY2019Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
1622000 USD
CY2020Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-0.29
CY2019Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.72
CY2020Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-0.29
CY2019Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.72
CY2020Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
0 USD
CY2019Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
161000 USD
CY2020Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.29
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.79
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.29
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.79
CY2020Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5000 shares
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2882000 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2253000 shares
CY2019Q2 airt Common Stock Dividend Rate Percentage
CommonStockDividendRatePercentage
0.50
CY2020Q2 us-gaap Deposit Liability Current
DepositLiabilityCurrent
2400000 USD
CY2019Q2 us-gaap Deposit Liability Current
DepositLiabilityCurrent
0 USD
CY2020Q2 us-gaap Deposits With Clearing Organizations And Others Securities
DepositsWithClearingOrganizationsAndOthersSecurities
3000000.0 USD
CY2019Q2 us-gaap Deposits With Clearing Organizations And Others Securities
DepositsWithClearingOrganizationsAndOthersSecurities
0 USD
CY2020Q2 airt Short Term Debt Stated Interest Rate
ShortTermDebtStatedInterestRate
0.0208
CY2020Q2 us-gaap Available For Sale Debt Securities Gross Unrealized Gain
AvailableForSaleDebtSecuritiesGrossUnrealizedGain
600000 USD
CY2020Q2 us-gaap Available For Sale Debt Securities Gross Unrealized Loss
AvailableForSaleDebtSecuritiesGrossUnrealizedLoss
400000 USD
CY2020Q2 us-gaap Airline Related Inventory Aircraft Parts
AirlineRelatedInventoryAircraftParts
53936000 USD
CY2020Q1 us-gaap Airline Related Inventory Aircraft Parts
AirlineRelatedInventoryAircraftParts
51084000 USD
CY2020Q2 us-gaap Inventory Gross
InventoryGross
64464000 USD
CY2020Q1 us-gaap Inventory Gross
InventoryGross
61106000 USD
CY2020Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
585000 USD
CY2020Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
483000 USD
CY2020Q2 us-gaap Inventory Net
InventoryNet
63879000 USD
CY2020Q1 us-gaap Inventory Net
InventoryNet
60623000 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
571000 USD
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
406000 USD
CY2020Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
62000 USD
CY2019Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
204000 USD
CY2020Q2 us-gaap Variable Lease Cost
VariableLeaseCost
75000 USD
CY2019Q2 us-gaap Variable Lease Cost
VariableLeaseCost
100000 USD
CY2020Q2 us-gaap Sublease Income
SubleaseIncome
0 USD
CY2019Q2 us-gaap Sublease Income
SubleaseIncome
0 USD
CY2020Q2 us-gaap Lease Cost
LeaseCost
708000 USD
CY2019Q2 us-gaap Lease Cost
LeaseCost
710000 USD
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
7851000 USD
CY2020Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
8116000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
8433000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
8647000 USD
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P14Y5M
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P14Y4M
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0430
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0450
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1268000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1594000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1412000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1041000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
748000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
537000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
5852000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
12452000 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3458000 USD
CY2020Q2 airt Lessee Operating Lease Liability Discounted Excess Amount
LesseeOperatingLeaseLiabilityDiscountedExcessAmount
561000 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
8433000 USD
CY2020Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
91233000 USD
CY2020Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
86174000 USD
CY2020Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
281000 USD
CY2020Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
354000 USD
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
90952000 USD
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
85820000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
37249000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
19512000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
6308000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
5206000 USD
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
5143000 USD
CY2020Q2 airt Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
17815000 USD
CY2020Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
91233000 USD
CY2020Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
281000 USD
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
90952000 USD
CY2019Q2 airt Common Stock Dividend Rate Percentage
CommonStockDividendRatePercentage
0.50
CY2020Q1 airt Stockholders Equity Note Stock Split Stated Value Per Share
StockholdersEquityNoteStockSplitStatedValuePerShare
25.00
CY2020Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
2.40
CY2020Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Purchase Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate
0.04
CY2020Q1 airt Classof Warrantor Right Face Value Priceof Warrantsor Rights
ClassofWarrantorRightFaceValuePriceofWarrantsorRights
2.50
CY2020Q2 airt Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
3600000 shares
CY2020Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
4800000 shares
CY2020Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
2.40
CY2020Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
485000 USD
CY2020Q2 us-gaap Noncurrent Assets
NoncurrentAssets
30515000 USD
CY2020Q1 us-gaap Noncurrent Assets
NoncurrentAssets
33217000 USD
CY2020Q2 us-gaap Revenues
Revenues
36970000 USD
CY2019Q2 us-gaap Revenues
Revenues
47188000 USD
CY2020Q2 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
5 segment
CY2020Q2 us-gaap Revenues
Revenues
36970000 USD
CY2019Q2 us-gaap Revenues
Revenues
47188000 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-266000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
998000 USD
CY2020Q2 airt Capital Expenditures
CapitalExpenditures
646000 USD
CY2019Q2 airt Capital Expenditures
CapitalExpenditures
3548000 USD
CY2020Q2 airt Depreciation Amortization And Impairment
DepreciationAmortizationAndImpairment
609000 USD
CY2019Q2 airt Depreciation Amortization And Impairment
DepreciationAmortizationAndImpairment
1941000 USD
CY2020Q2 us-gaap Redeemable Noncontrolling Interest Equity Fair Value
RedeemableNoncontrollingInterestEquityFairValue
5500000 USD
CY2020Q2 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-500000 USD
CY2020Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-400000 USD

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