2024 Q2 Form 10-K Financial Statement

#000035318424000062 Filed on June 26, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2024
Revenue $66.41M $72.68M $286.8M
YoY Change -7.03% -2.28% 15.98%
Cost Of Revenue $51.62M $58.21M $230.5M
YoY Change -9.97% -5.5% 18.59%
Gross Profit $14.80M $14.47M $56.37M
YoY Change 4.91% 13.22% 6.39%
Gross Profit Margin 22.28% 19.91% 19.65%
Selling, General & Admin $14.61M $11.42M $51.10M
YoY Change 14.57% -0.52% 12.59%
% of Gross Profit 98.76% 78.93% 90.64%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $760.0K $710.0K $2.798M
YoY Change 10.14% -39.73% -32.77%
% of Gross Profit 5.14% 4.91% 4.96%
Operating Expenses $66.99M $12.13M $285.6M
YoY Change -5.35% -4.17% 13.44%
Operating Profit -$577.0K $2.340M $1.264M
YoY Change -187.69% 1818.03% -128.68%
Interest Expense -$23.00K -$2.515M $6.916M
YoY Change -101.27% -25.39% -12.84%
% of Operating Profit -107.48% 547.15%
Other Income/Expense, Net $680.0K $0.00 -$5.219M
YoY Change -243.46% -100.0% -24.86%
Pretax Income $103.0K -$1.062M -$3.955M
YoY Change -44.02% -87.92% -65.16%
Income Tax $71.00K -$122.0K $729.0K
% Of Pretax Income 68.93%
Net Earnings -$335.0K -$1.700M -$6.819M
YoY Change -36.91% -81.19% -44.54%
Net Earnings / Revenue -0.5% -2.34% -2.38%
Basic Earnings Per Share -$0.12 -$2.42
Diluted Earnings Per Share -$0.12 -$0.61 -$2.42
COMMON SHARES
Basic Shares Outstanding 2.760M shares 2.822M shares 2.816M shares
Diluted Shares Outstanding 2.761M shares 2.816M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.815M $7.100M $7.100M
YoY Change 29.73% 22.29% 22.29%
Cash & Equivalents $7.815M $7.100M $7.100M
Short-Term Investments
Other Short-Term Assets $4.616M $12.15M $12.15M
YoY Change -54.7% 11.11% 11.11%
Inventory $57.76M $60.72M $60.72M
Prepaid Expenses $2.353M $2.351M
Receivables $22.83M $22.91M $22.91M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $100.7M $102.9M $102.9M
YoY Change -10.79% -11.74% -11.74%
LONG-TERM ASSETS
Property, Plant & Equipment $20.81M $20.86M $32.49M
YoY Change -3.16% -2.7% -2.11%
Goodwill $10.50M $10.50M
YoY Change -0.94% -0.6%
Intangibles $10.66M $10.98M
YoY Change -9.95% -9.3%
Long-Term Investments $16.03M $16.65M $16.65M
YoY Change 14.88% 25.87% 25.87%
Other Assets $3.468M $3.630M $3.630M
YoY Change -20.55% -7.42% -7.42%
Total Long-Term Assets $74.82M $74.29M $74.29M
YoY Change 0.63% 1.76% 1.76%
TOTAL ASSETS
Total Short-Term Assets $100.7M $102.9M $102.9M
Total Long-Term Assets $74.82M $74.29M $74.29M
Total Assets $175.5M $177.2M $177.2M
YoY Change -6.26% -6.54% -6.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $14.00M $15.07M $15.07M
YoY Change 32.35% 44.24% 44.24%
Accrued Expenses $14.53M $15.51M $17.27M
YoY Change -0.79% 18.11% 16.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $16.13M $14.36M $14.36M
YoY Change -29.02% -62.93% -62.93%
Total Short-Term Liabilities $46.85M $46.84M $46.84M
YoY Change -5.88% -27.14% -27.14%
LONG-TERM LIABILITIES
Long-Term Debt $100.5M $98.57M $98.57M
YoY Change 1.96% 14.15% 14.15%
Other Long-Term Liabilities $1.187M $0.00 $10.52M
YoY Change 2425.53% -100.0% -2.8%
Total Long-Term Liabilities $1.187M $0.00 $109.1M
YoY Change 2425.53% -100.0% 12.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $46.85M $46.84M $46.84M
Total Long-Term Liabilities $1.187M $0.00 $109.1M
Total Liabilities $162.9M $158.4M $172.4M
YoY Change 0.59% -3.36% -2.96%
SHAREHOLDERS EQUITY
Retained Earnings $7.935M $8.192M
YoY Change -40.29% -40.14%
Common Stock $758.0K $758.0K
YoY Change 0.13% 0.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.123M $4.770M $4.770M
YoY Change
Total Liabilities & Shareholders Equity $175.5M $177.2M $177.2M
YoY Change -6.26% -6.54% -6.54%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2024
OPERATING ACTIVITIES
Net Income -$335.0K -$1.700M -$6.819M
YoY Change -36.91% -81.19% -44.54%
Depreciation, Depletion And Amortization $760.0K $710.0K $2.798M
YoY Change 10.14% -39.73% -32.77%
Cash From Operating Activities $113.0K -$5.967M $17.18M
YoY Change -96.76% -128.79% 1.59%
INVESTING ACTIVITIES
Capital Expenditures $339.0K $398.0K $1.076M
YoY Change -16.09% 182.27% -8.66%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities -$23.00K -$2.320M -$18.00K
YoY Change -97.13% -21.01% -96.85%
Cash From Investing Activities $2.008M -$2.718M -$2.499M
YoY Change -9661.9% -11.7% -59.48%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.519M $28.34M
YoY Change 99.76% 1.76%
Cash From Financing Activities -$1.291M 11.24M -$13.91M
YoY Change -68.33% -165.18% 12.36%
NET CHANGE
Cash From Operating Activities $113.0K -5.967M $17.18M
Cash From Investing Activities $2.008M -2.718M -$2.499M
Cash From Financing Activities -$1.291M 11.24M -$13.91M
Net Change In Cash $862.0K 2.556M $753.0K
YoY Change -228.85% 539.0% -158.92%
FREE CASH FLOW
Cash From Operating Activities $113.0K -$5.967M $17.18M
Capital Expenditures $339.0K $398.0K $1.076M
Free Cash Flow -$226.0K -$6.365M $16.10M
YoY Change -107.34% -130.92% 2.36%

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CY2023Q1 us-gaap Liabilities Current
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CY2024Q1 us-gaap Long Term Line Of Credit
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CY2023Q1 us-gaap Long Term Line Of Credit
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2417000 usd
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47000 usd
CY2024Q1 us-gaap Liabilities
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CY2023Q1 us-gaap Liabilities
Liabilities
163870000 usd
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12976000 usd
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CY2023Q1 us-gaap Commitments And Contingencies
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CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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CY2023Q1 us-gaap Preferred Stock Value
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CommonStockSharesAuthorized
4000000 shares
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
4000000 shares
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CY2024Q1 us-gaap Common Stock Shares Issued
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CY2023Q1 us-gaap Common Stock Shares Outstanding
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CY2024Q1 us-gaap Common Stock Value
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CY2023Q1 us-gaap Common Stock Value
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CY2024Q1 us-gaap Treasury Stock Common Shares
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19.31
CY2023Q1 us-gaap Treasury Stock Common Shares
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19.62
CY2024Q1 us-gaap Treasury Stock Common Value
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4959000 usd
CY2023Q1 us-gaap Treasury Stock Common Value
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859000 usd
CY2023Q1 us-gaap Additional Paid In Capital
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728000 usd
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
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8192000 usd
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
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13686000 usd
CY2024Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2023Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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816000 usd
CY2024Q1 us-gaap Stockholders Equity
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4770000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
11904000 usd
CY2024Q1 us-gaap Minority Interest
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1050000 usd
CY2023Q1 us-gaap Minority Interest
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1078000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5820000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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12982000 usd
CY2024Q1 us-gaap Liabilities And Stockholders Equity
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CY2023 us-gaap Profit Loss
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2798000 usd
CY2023 us-gaap Depreciation Depletion And Amortization
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4162000 usd
CY2024 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1689000 usd
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IncomeLossFromEquityMethodInvestments
1460000 usd
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1195000 usd
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7324000 usd
CY2023 us-gaap Impairment Of Long Lived Assets Held For Use
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516000 usd
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IncreaseDecreaseInInventories
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4623000 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
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992000 usd
CY2024 us-gaap Increase Decrease In Accrued Liabilities
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2378000 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities
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CY2023 airt Increase Decrease Employee Retention Credit Receivable
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3192000 usd
CY2023 us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
683000 usd
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24850000 usd
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28341000 usd
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27850000 usd
CY2024 us-gaap Proceeds From Issuance Of Trust Preferred Securities
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8780000 usd
CY2023 us-gaap Proceeds From Issuance Of Trust Preferred Securities
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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CY2024 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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361000 usd
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
753000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7090000 usd
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900000 usd
CY2023 airt Equipment Leased To Customers Transferred To Inventory
EquipmentLeasedToCustomersTransferredToInventory
12700000 usd
CY2024 airt Equipment In Inventory Transferred To Assets On Lease
EquipmentInInventoryTransferredToAssetsOnLease
260000 usd
CY2023 airt Equipment In Inventory Transferred To Assets On Lease
EquipmentInInventoryTransferredToAssetsOnLease
33000 usd
CY2024 us-gaap Operating Lease Payments
OperatingLeasePayments
2351000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
1881000 usd
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3891000 usd
CY2023 us-gaap Interest Paid Net
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CY2024 us-gaap Income Taxes Paid
IncomeTaxesPaid
917000 usd
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IncomeTaxesPaid
1026000 usd
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25717000 usd
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CY2023 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1081000 usd
CY2023 us-gaap Stock Issued During Period Value Stock Options Exercised
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21000 usd
CY2023 us-gaap Stock Issued During Period Value Share Based Compensation
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315000 usd
CY2023 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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4000 usd
CY2023 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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1748000 usd
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OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
998000 usd
CY2023 airt Put Option Issued To Co Investor In Cam
PutOptionIssuedToCoInvestorInCAM
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CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12982000 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
12982000 usd
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CY2024 us-gaap Stock Repurchased And Retired During Period Value
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CY2024 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2024 us-gaap Stock Issued During Period Value Share Based Compensation
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106000 usd
CY2024 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2024 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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CY2024 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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20000 usd
CY2024 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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823000 usd
CY2024Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
5820000 usd
CY2024 us-gaap Number Of Reportable Segments
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4 segment
CY2024 us-gaap Use Of Estimates
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<div style="margin-top:10pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;text-decoration:underline">Accounting Estimates</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> – The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts of assets and liabilities and amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></div>
CY2024 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
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2956000 usd
CY2023Q1 airt Acrrued Expenses Deferred Income
AcrruedExpensesDeferredIncome
2440000 usd
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3521000 usd
CY2024Q1 us-gaap Goodwill Gross
GoodwillGross
10916000 usd
CY2023Q1 us-gaap Goodwill Gross
GoodwillGross
10939000 usd
CY2024Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
376000 usd
CY2023Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
376000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
10540000 usd
CY2023Q1 us-gaap Goodwill
Goodwill
10563000 usd
CY2023Q1 us-gaap Goodwill
Goodwill
10600000 usd
CY2024Q1 us-gaap Goodwill
Goodwill
10500000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1029000 usd
CY2024 airt Pass Through Costs
PassThroughCosts
36400000 usd
CY2023 airt Pass Through Costs
PassThroughCosts
29200000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
971000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
964000 usd
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2422000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
5582000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10837000 usd
CY2022Q1 us-gaap Derivative Loss On Derivative
DerivativeLossOnDerivative
100000 usd
CY2024 us-gaap Gain On Derivative Instruments Pretax
GainOnDerivativeInstrumentsPretax
200000 usd
CY2024 us-gaap Loss On Derivative Instruments Pretax
LossOnDerivativeInstrumentsPretax
400000 usd
CY2024Q1 us-gaap Inventory Gross
InventoryGross
65327000 usd
CY2023Q1 us-gaap Inventory Gross
InventoryGross
74738000 usd
CY2024Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
4607000 usd
CY2023Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
3613000 usd
CY2024Q1 us-gaap Inventory Net
InventoryNet
60720000 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
71125000 usd
CY2023 us-gaap Gain On Derivative Instruments Pretax
GainOnDerivativeInstrumentsPretax
0 usd
CY2023 us-gaap Loss On Derivative Instruments Pretax
LossOnDerivativeInstrumentsPretax
300000 usd
CY2024 us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
1600000 usd
CY2024 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
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CY2023 us-gaap Equity Securities Fv Ni Unrealized Gain
EquitySecuritiesFvNiUnrealizedGain
500000 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
28566000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
28063000 usd
CY2024Q1 us-gaap Property Plant And Equipment Owned Accumulated Depreciation
PropertyPlantAndEquipmentOwnedAccumulatedDepreciation
7705000 usd
CY2023Q1 us-gaap Property Plant And Equipment Owned Accumulated Depreciation
PropertyPlantAndEquipmentOwnedAccumulatedDepreciation
6624000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
20861000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
21439000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
15956000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
16254000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5119000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4191000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
10837000 usd
CY2023Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
12063000 usd
CY2024Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
141000 usd
CY2023Q1 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
40000 usd
CY2024Q1 us-gaap Intangible Assets Net Excluding Goodwill
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10978000 usd
CY2023Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
12103000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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1187000 usd
CY2024Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1104000 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current And Noncurrent
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1713000 usd
CY2024Q1 us-gaap Accrued Liabilities Current
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15511000 usd
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
13133000 usd
CY2024Q1 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0888
CY2024 airt Net Losses Recognized During The Period On Equity Securities Sold During The Period
NetLossesRecognizedDuringThePeriodOnEquitySecuritiesSoldDuringThePeriod
-453000 usd
CY2023 airt Net Losses Recognized During The Period On Equity Securities Sold During The Period
NetLossesRecognizedDuringThePeriodOnEquitySecuritiesSoldDuringThePeriod
-389000 usd
CY2024 airt Net Gains Recognized During The Period On Equity Securities Sold During The Period
NetGainsRecognizedDuringThePeriodOnEquitySecuritiesSoldDuringThePeriod
20000 usd
CY2023 airt Net Gains Recognized During The Period On Equity Securities Sold During The Period
NetGainsRecognizedDuringThePeriodOnEquitySecuritiesSoldDuringThePeriod
0 usd
CY2024 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-473000 usd
CY2023 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-389000 usd
CY2024Q1 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
5296000 usd
CY2023Q1 us-gaap Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
4748000 usd
CY2024Q1 us-gaap Other Employee Related Liabilities Current And Noncurrent
OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent
2335000 usd
CY2023Q1 us-gaap Other Employee Related Liabilities Current And Noncurrent
OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent
1672000 usd
CY2024Q1 us-gaap Deposits
Deposits
1403000 usd
CY2023Q1 us-gaap Deposits
Deposits
2560000 usd
CY2024 us-gaap Operating Lease Cost
OperatingLeaseCost
2587000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
2078000 usd
CY2024 us-gaap Short Term Lease Cost
ShortTermLeaseCost
873000 usd
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
730000 usd
CY2024 us-gaap Variable Lease Cost
VariableLeaseCost
828000 usd
CY2023 us-gaap Variable Lease Cost
VariableLeaseCost
625000 usd
CY2024 us-gaap Lease Cost
LeaseCost
4288000 usd
CY2023 us-gaap Lease Cost
LeaseCost
3433000 usd
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11376000 usd
CY2023Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11666000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
12276000 usd
CY2023Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
12435000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y1M
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y10M
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0509
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0495
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
2336000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2122000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1974000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1433000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
748000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
8227000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
16840000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3707000 usd
CY2024Q1 airt Lessee Operating Lease Liability Discounted Excess Amount
LesseeOperatingLeaseLiabilityDiscountedExcessAmount
857000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
12276000 usd
CY2024Q1 airt Number Of Monthly Interest Payments
NumberOfMonthlyInterestPayments
18 monthlypayment
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
113459000 usd
CY2023Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
125914000 usd
CY2024Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
533000 usd
CY2023Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
829000 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
112926000 usd
CY2023Q1 us-gaap Long Term Debt
LongTermDebt
125085000 usd
CY2023Q1 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0777
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
14358000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
26229000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
5535000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
4009000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1738000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
61590000 usd
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
113459000 usd
CY2024Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
533000 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
112926000 usd
CY2024 us-gaap Interest Costs Incurred
InterestCostsIncurred
6684000 usd
CY2023 us-gaap Interest Costs Incurred
InterestCostsIncurred
7932000 usd
CY2024 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
324000 usd
CY2023 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
331000 usd
CY2024 us-gaap Interest Income Other
InterestIncomeOther
92000 usd
CY2023 us-gaap Interest Income Other
InterestIncomeOther
328000 usd
CY2024 us-gaap Interest Expense
InterestExpense
6916000 usd
CY2023 us-gaap Interest Expense
InterestExpense
7935000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
11250 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
6.61
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y25D
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
182000 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
3750 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
5.75
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Other Increases Decreases In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOtherIncreasesDecreasesInPeriod
0 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Other Share Increase Decrease In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsOtherShareIncreaseDecreaseInPeriodWeightedAverageExercisePrice
0
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7500 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
7.04
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P0Y4M24D
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
135000 usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
shares
CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
CY2024 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
3750 shares
CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
7.04
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
3750 shares
CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
7.04
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Other Increases Decreases In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOtherIncreasesDecreasesInPeriod
shares
CY2024 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Other Share Increase Decrease In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsOtherShareIncreaseDecreaseInPeriodWeightedAverageExercisePrice
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
0 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P0Y
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
0 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
0 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P0Y
CY2024Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
0 usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0094
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P10Y
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.4429
CY2024 us-gaap Revenues
Revenues
286834000 usd
CY2023 us-gaap Revenues
Revenues
247323000 usd
CY2024 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-83000 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-196000 usd
CY2024 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
30000 usd
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-609000 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
729000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
432000 usd
CY2024Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
4359000 usd
CY2023Q1 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
5000000 usd
CY2024 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
4519000 usd
CY2024 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
900000 usd
CY2023 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
700000 usd
CY2024 us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
2200000 usd
CY2023 us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
2400000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-3468000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-10566000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-487000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-787000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-3955000 usd
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-11353000 usd
CY2024 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
23000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
46000 usd
CY2024 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-226000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
150000 usd
CY2024 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
902000 usd
CY2023 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
845000 usd
CY2024 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
699000 usd
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1041000 usd
CY2024 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
126000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
29000 usd
CY2024 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-13000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-442000 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2024 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-831000 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2384000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2024 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
399000 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.101
CY2023 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-25000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.002
CY2024 airt Effective Income Tax Rate Reconciliation Permanent Differences Other Amount
EffectiveIncomeTaxRateReconciliationPermanentDifferencesOtherAmount
-125000 usd
CY2024 airt Effective Income Tax Rate Reconciliation Permanent Differences Other Percent
EffectiveIncomeTaxRateReconciliationPermanentDifferencesOtherPercent
0.032
CY2023 airt Effective Income Tax Rate Reconciliation Permanent Differences Other Amount
EffectiveIncomeTaxRateReconciliationPermanentDifferencesOtherAmount
-558000 usd
CY2023 airt Effective Income Tax Rate Reconciliation Permanent Differences Other Percent
EffectiveIncomeTaxRateReconciliationPermanentDifferencesOtherPercent
0.049
CY2024 airt Income Tax Rate Reconciliation Section831 Benefit
IncomeTaxRateReconciliationSection831Benefit
306000 usd
CY2024 airt Effective Income Tax Rate Reconciliation Section831b Benefit Percentage
EffectiveIncomeTaxRateReconciliationSection831bBenefitPercentage
-0.077
CY2023 airt Income Tax Rate Reconciliation Section831 Benefit
IncomeTaxRateReconciliationSection831Benefit
274000 usd
CY2023 airt Effective Income Tax Rate Reconciliation Section831b Benefit Percentage
EffectiveIncomeTaxRateReconciliationSection831bBenefitPercentage
-0.024
CY2024 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1909000 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.483
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
3149000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.277
CY2024 us-gaap Income Tax Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
217000 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
-0.055
CY2023 us-gaap Income Tax Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
IncomeTaxReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
-190000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Equity In Earnings Losses Of Unconsolidated Subsidiary
EffectiveIncomeTaxRateReconciliationEquityInEarningsLossesOfUnconsolidatedSubsidiary
0.017
CY2024 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
-100000 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.025
CY2023 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
334000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.029
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
729000 usd
CY2024 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.185
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
432000 usd
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.038
CY2024Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
700000 usd
CY2024 airt Adjusted Ebitda
AdjustedEBITDA
5622000 usd
CY2023 airt Adjusted Ebitda
AdjustedEBITDA
6029000 usd
CY2024Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
9414000 usd
CY2023Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
5968000 usd
CY2024Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
1055000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
1740000 usd
CY2024Q1 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
1041000 usd
CY2023Q1 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
851000 usd
CY2024Q1 airt Deferred Tax Assets Accrued Vacation
DeferredTaxAssetsAccruedVacation
449000 usd
CY2023Q1 airt Deferred Tax Assets Accrued Vacation
DeferredTaxAssetsAccruedVacation
421000 usd
CY2024Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
650000 usd
CY2023Q1 us-gaap Deferred Tax Assets Tax Credit Carryforwards Foreign
DeferredTaxAssetsTaxCreditCarryforwardsForeign
391000 usd
CY2024Q1 us-gaap Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
0 usd
CY2023Q1 us-gaap Deferred Tax Assets Investments
DeferredTaxAssetsInvestments
1723000 usd
CY2024Q1 airt Deferred Tax Assets Leases
DeferredTaxAssetsLeases
2913000 usd
CY2023Q1 airt Deferred Tax Assets Leases
DeferredTaxAssetsLeases
3000000 usd
CY2024Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
792000 usd
CY2023Q1 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
374000 usd
CY2024Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
16314000 usd
CY2023Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
14468000 usd
CY2024Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1735000 usd
CY2023Q1 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
1804000 usd
CY2024Q1 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
2703000 usd
CY2023Q1 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
2815000 usd
CY2024Q1 us-gaap Deferred Tax Liabilities Deferred Expense
DeferredTaxLiabilitiesDeferredExpense
1763000 usd
CY2023Q1 us-gaap Deferred Tax Liabilities Deferred Expense
DeferredTaxLiabilitiesDeferredExpense
1799000 usd
CY2024Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
2089000 usd
CY2023Q1 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
2159000 usd
CY2024Q1 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
498000 usd
CY2023Q1 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
301000 usd
CY2024Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
8788000 usd
CY2023Q1 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
8878000 usd
CY2024Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
7526000 usd
CY2023Q1 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
5590000 usd
CY2024Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
9973000 usd
CY2023Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
8007000 usd
CY2024Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2447000 usd
CY2023Q1 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2417000 usd
CY2024Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
10000000 usd
CY2024Q1 us-gaap Noncurrent Assets
NoncurrentAssets
21113000 usd
CY2023Q1 us-gaap Noncurrent Assets
NoncurrentAssets
21522000 usd
CY2024 us-gaap Revenues
Revenues
286834000 usd
CY2023 us-gaap Revenues
Revenues
247323000 usd
CY2024 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
4 segment
CY2024 us-gaap Revenues
Revenues
286834000 usd
CY2023 us-gaap Revenues
Revenues
247323000 usd
CY2024 us-gaap Operating Income Loss
OperatingIncomeLoss
1264000 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
-4407000 usd
CY2024 airt Capital Expenditures
CapitalExpenditures
1076000 usd
CY2023 airt Capital Expenditures
CapitalExpenditures
1207000 usd
CY2024 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2798000 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
4162000 usd
CY2024 airt Corporate And Other Operating Loss
CorporateAndOtherOperatingLoss
-1264000 usd
CY2024 us-gaap Operating Income Loss
OperatingIncomeLoss
1264000 usd
CY2023 airt Corporate And Other Operating Loss
CorporateAndOtherOperatingLoss
4407000 usd
CY2023 us-gaap Operating Income Loss
OperatingIncomeLoss
-4407000 usd
CY2024 airt Depreciation Depletion And Amortization Excluding Leases
DepreciationDepletionAndAmortizationExcludingLeases
2798000 usd
CY2023 airt Depreciation Depletion And Amortization Excluding Leases
DepreciationDepletionAndAmortizationExcludingLeases
2525000 usd
CY2024 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
1195000 usd
CY2023 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
7840000 usd
CY2024 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-18000 usd
CY2023 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
-8000 usd
CY2024 airt Tru Ps Issuance Expenses
TruPsIssuanceExpenses
347000 usd
CY2023 airt Tru Ps Issuance Expenses
TruPsIssuanceExpenses
63000 usd
CY2024 us-gaap Profit Loss
ProfitLoss
-4684000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
-11785000 usd
CY2024 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2135000 usd
CY2023 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
510000 usd
CY2024 us-gaap Net Income Loss
NetIncomeLoss
-6819000 usd
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-12295000 usd
CY2024 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.42
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.32
CY2024 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.42
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.32
CY2024 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
5000 shares
CY2024 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2816000 shares
CY2023 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
2847000 shares
CY2024 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2816000 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
2847000 shares
CY2024 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-500000 usd
CY2024 airt Redeemable Noncontrolling Interest Equity Net Change In Fair Value
RedeemableNoncontrollingInterestEquityNetChangeInFairValue
-1300000 usd
CY2023 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
200000 usd
CY2024 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
1000000 usd
CY2024Q2 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.21
CY2021Q2 airt Number Of Classes Of Equity Interests
NumberOfClassesOfEquityInterests
2 interest
CY2024Q1 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
1000000 usd
CY2024 airt Number Of Dates
NumberOfDates
3 anniversary
CY2024 airt Number Of Years After Execution Of Agreement
NumberOfYearsAfterExecutionOfAgreement
P5Y
CY2024 airt Percentage Of Exercise Price At Fair Value
PercentageOfExercisePriceAtFairValue
1.125
CY2024 airt Number Of Installments After Exercise
NumberOfInstallmentsAfterExercise
3 installment
CY2024Q1 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
1000000 usd
CY2024Q1 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
1000000 usd
CY2024Q1 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
1000000 usd
CY2014Q2 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
750000 shares
CY2019Q2 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
1125000 shares
CY2024 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
48729 shares
CY2024 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
900000 usd
CY2024Q1 us-gaap Treasury Stock Common Shares
TreasuryStockCommonShares
256850 shares
CY2024 us-gaap Excise Taxes Collected
ExciseTaxesCollected
0 usd
CY2024 airt Treasury Bond Yield Plus Percentage
TreasuryBondYieldPlusPercentage
0.025
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024 dei Auditor Firm
AuditorFirmId
34

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