10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000353184-12-000021 |
| Period End Date | 20120630 |
| Filing Date | 20120807 |
| Fiscal Year | 2012 |
| Fiscal Period | Q1 |
| XBRL Instance | airt-20120630.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowance for doubtful accounts (in Dollars) |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$78.00K | USD | Point-in-time |
| Allowance for doubtful accounts (in Dollars) |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$108.00K | USD | Point-in-time |
| Preferred stock par value (in Dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$1.00 | USD | Point-in-time |
| Preferred stock par value (in Dollars per share) |
PreferredStockParOrStatedValuePerShare
|
$1.00 | USD | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
50,000.00 | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$6.66M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$4.73M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$5.81M | USD | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
50,000.00 | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$6.52M | USD | Point-in-time |
| Accounts receivable, less allowance for doubtful accounts of $78,000 and $108,000 |
AccountsReceivableNetCurrent
|
$8.95M | USD | Point-in-time |
| Common stock, par value (in Dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.25 | USD | Point-in-time |
| Accounts receivable, less allowance for doubtful accounts of $78,000 and $108,000 |
AccountsReceivableNetCurrent
|
$10.51M | USD | Point-in-time |
| Common stock, par value (in Dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.25 | USD | Point-in-time |
| Notes and other receivables-current |
AccountsNotesAndLoansReceivableNetCurrent
|
$41.87K | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
4.00M | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
4.00M | shares | Point-in-time |
| Notes and other receivables-current |
AccountsNotesAndLoansReceivableNetCurrent
|
$64.25K | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
2.45M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
2.45M | shares | Point-in-time |
| Income tax receivable |
IncomeTaxesReceivable
|
$642.00K | USD | Point-in-time |
| Income tax receivable |
IncomeTaxesReceivable
|
$500.03K | USD | Point-in-time |
| Inventories |
InventoryNet
|
$13.32M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
2.45M | shares | Point-in-time |
| Inventories |
InventoryNet
|
$14.54M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
2.45M | shares | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$430.00K | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$430.00K | USD | Point-in-time |
| Prepaid expenses and other |
PrepaidExpenseAndOtherAssets
|
$761.02K | USD | Point-in-time |
| Prepaid expenses and other |
PrepaidExpenseAndOtherAssets
|
$562.66K | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$31.21M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$30.09M | USD | Point-in-time |
| Property and Equipment, net |
PropertyPlantAndEquipmentNet
|
$1.89M | USD | Point-in-time |
| Property and Equipment, net |
PropertyPlantAndEquipmentNet
|
$1.91M | USD | Point-in-time |
| Cash Surrender Value of Life Insurance Policies |
CashSurrenderValueOfLifeInsurance
|
$1.68M | USD | Point-in-time |
| Cash Surrender Value of Life Insurance Policies |
CashSurrenderValueOfLifeInsurance
|
$1.70M | USD | Point-in-time |
| Notes and Other Receivables-LongTerm |
NotesAndLoansReceivableNetNoncurrent
|
$113.03K | USD | Point-in-time |
| Notes and Other Receivables-LongTerm |
NotesAndLoansReceivableNetNoncurrent
|
$191.50K | USD | Point-in-time |
| Other Assets |
OtherAssetsNoncurrent
|
$112.17K | USD | Point-in-time |
| Other Assets |
OtherAssetsNoncurrent
|
$19.39K | USD | Point-in-time |
| Total Assets |
Assets
|
$35.08M | USD | Point-in-time |
| Total Assets |
Assets
|
$33.84M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$4.80M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$6.00M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$1.97M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$2.11M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$6.91M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$7.97M | USD | Point-in-time |
| Deferred Income Taxes |
DeferredTaxAssetsNetNoncurrent
|
$-64.00K | USD | Point-in-time |
| Deferred Income Taxes |
DeferredTaxAssetsNetNoncurrent
|
$-64.00K | USD | Point-in-time |
| Common stock, $.25 par value; 4,000,000 shares authorized, 2,446,286 shares issued and outstanding |
CommonStockValue
|
$611.57K | USD | Point-in-time |
| Common stock, $.25 par value; 4,000,000 shares authorized, 2,446,286 shares issued and outstanding |
CommonStockValue
|
$611.57K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$6.31M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$6.31M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$19.94M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$20.13M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$27.05M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$26.86M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$26.24M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$25.92M | USD | Point-in-time |
| Total Liabilities and Stockholders Equity |
LiabilitiesAndStockholdersEquity
|
$35.08M | USD | Point-in-time |
| Total Liabilities and Stockholders Equity |
LiabilitiesAndStockholdersEquity
|
$33.84M | USD | Point-in-time |
Income Statement
47 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Overnight air cargo |
CargoAndFreightRevenue
|
$10.83M | USD | 1 Quarter |
| Overnight air cargo |
CargoAndFreightRevenue
|
$10.73M | USD | 1 Quarter |
| Ground equipment sales |
GroundEquipmentSales
|
$10.74M | USD | 1 Quarter |
| Ground equipment sales |
GroundEquipmentSales
|
$4.17M | USD | 1 Quarter |
| Ground support services |
GroundSupportServices
|
$1.56M | USD | 1 Quarter |
| Ground support services |
GroundSupportServices
|
$3.01M | USD | 1 Quarter |
| Revenues |
Revenues
|
$16.56M | USD | 1 Quarter |
| Revenues |
Revenues
|
$24.49M | USD | 1 Quarter |
| Flight-air cargo |
FlightairCargo
|
$4.46M | USD | 1 Quarter |
| Flight-air cargo |
FlightairCargo
|
$4.58M | USD | 1 Quarter |
| Maintenance-air cargo |
MaintenanceairCargo
|
$4.66M | USD | 1 Quarter |
| Maintenance-air cargo |
MaintenanceairCargo
|
$4.52M | USD | 1 Quarter |
| Ground equipment sales |
GroundEquipmentExpense
|
$3.51M | USD | 1 Quarter |
| Ground equipment sales |
GroundEquipmentExpense
|
$9.43M | USD | 1 Quarter |
| Ground support services |
GroundSupportExpenses
|
$1.12M | USD | 1 Quarter |
| Ground support services |
GroundSupportExpenses
|
$2.23M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$2.54M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$2.95M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$53.92K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$104.01K | USD | 1 Quarter |
| Gain on sale of assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$-1.74K | USD | 1 Quarter |
| OperatingExpenses |
OperatingExpenses
|
$16.31M | USD | 1 Quarter |
| OperatingExpenses |
OperatingExpenses
|
$23.83M | USD | 1 Quarter |
| Operating Income |
OperatingIncomeLoss
|
$250.99K | USD | 1 Quarter |
| Operating Income |
OperatingIncomeLoss
|
$653.67K | USD | 1 Quarter |
| Investment income |
InvestmentIncomeInterest
|
$12.38K | USD | 1 Quarter |
| Investment income |
InvestmentIncomeInterest
|
$4.57K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$227.00 | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$6.22K | USD | 1 Quarter |
| NonoperatingIncomeExpense |
NonoperatingIncomeExpense
|
$12.16K | USD | 1 Quarter |
| NonoperatingIncomeExpense |
NonoperatingIncomeExpense
|
$-1.66K | USD | 1 Quarter |
| Income Before Income Taxes |
IncomeLossFromContinuingOperations
|
$652.01K | USD | 1 Quarter |
| Income Before Income Taxes |
IncomeLossFromContinuingOperations
|
$263.15K | USD | 1 Quarter |
| Income Taxes |
IncomeTaxExpenseBenefit
|
$235.00K | USD | 1 Quarter |
| Income Taxes |
IncomeTaxExpenseBenefit
|
$95.00K | USD | 1 Quarter |
| Net Income |
NetIncomeLoss
|
$168.15K | USD | 1 Quarter |
| Net Income |
NetIncomeLoss
|
$417.01K | USD | 1 Quarter |
| Basic (in Dollars per share) |
EarningsPerShareBasic
|
$0.07 | USD | 1 Quarter |
| Basic (in Dollars per share) |
EarningsPerShareBasic
|
$0.17 | USD | 1 Quarter |
| Diluted (in Dollars per share) |
EarningsPerShareDiluted
|
$0.17 | USD | 1 Quarter |
| Diluted (in Dollars per share) |
EarningsPerShareDiluted
|
$0.07 | USD | 1 Quarter |
| Dividends Declared Per Share (in Dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.25 | USD | 1 Quarter |
| Dividends Declared Per Share (in Dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.25 | USD | 1 Quarter |
| Basic (in Shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
2.45M | shares | 1 Quarter |
| Basic (in Shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
2.44M | shares | 1 Quarter |
| Diluted (in Shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
2.45M | shares | 1 Quarter |
| Diluted (in Shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
2.46M | shares | 1 Quarter |
Cash Flow Statement
56 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$168.15K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$417.01K | USD | 1 Quarter |
| Gain on sale of assets |
GainLossOnDispositionOfAssets
|
$1.74K | USD | 1 Quarter |
| Change in accounts receivable and inventory reserves |
IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve
|
$66.70K | USD | 1 Quarter |
| Change in accounts receivable and inventory reserves |
IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve
|
$-15.33K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$53.92K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$104.01K | USD | 1 Quarter |
| Change in cash surrender value of life insurance |
IncreaseDecreaseInInsuranceAssets
|
$17.00K | USD | 1 Quarter |
| Change in cash surrender value of life insurance |
IncreaseDecreaseInInsuranceAssets
|
$17.00K | USD | 1 Quarter |
| Warranty reserve |
ProductWarrantyAccrualPeriodIncreaseDecrease
|
$31.67K | USD | 1 Quarter |
| Warranty reserve |
ProductWarrantyAccrualPeriodIncreaseDecrease
|
$42.12K | USD | 1 Quarter |
| Compensation expense related to stock options |
ShareBasedCompensation
|
$1.47K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-5.01M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$1.53M | USD | 1 Quarter |
| Notes receivable and other non-trade receivables |
IncreaseDecreaseInReceivables
|
$-194.50K | USD | 1 Quarter |
| Notes receivable and other non-trade receivables |
IncreaseDecreaseInReceivables
|
$-42.13K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-1.26M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$1.62M | USD | 1 Quarter |
| Prepaid expenses and other |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-228.92K | USD | 1 Quarter |
| Prepaid expenses and other |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-197.51K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-2.34M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-1.20M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$-78.84K | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$102.99K | USD | 1 Quarter |
| Income taxes receivable/ payable |
IncreaseDecreaseInIncomeTaxesReceivable
|
$519.24K | USD | 1 Quarter |
| Income taxes receivable/ payable |
IncreaseDecreaseInIncomeTaxesReceivable
|
$-141.97K | USD | 1 Quarter |
| Total adjustments |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-812.59K | USD | 1 Quarter |
| Total adjustments |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$766.10K | USD | 1 Quarter |
| Net cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$349.09K | USD | 1 Quarter |
| Net cash (used in) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-980.74K | USD | 1 Quarter |
| Proceeds from sale of investments |
PaymentsForProceedsFromInvestments
|
$-51.03K | USD | 1 Quarter |
| Proceeds from sale of assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$3.50K | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$130.49K | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$395.41K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-126.99K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-344.37K | USD | 1 Quarter |
| Payment of cash dividend |
PaymentsOfDividends
|
$611.57K | USD | 1 Quarter |
| Payment of cash dividend |
PaymentsOfDividends
|
$611.57K | USD | 1 Quarter |
| Payment on capital leases |
RepaymentsOfLongTermCapitalLeaseObligations
|
$3.24K | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$124.35K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-490.46K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-611.57K | USD | 1 Quarter |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-1.09M | USD | 1 Quarter |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$145.91K | USD | 1 Quarter |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$6.66M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$4.73M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$5.81M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$6.52M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$6.66M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$4.73M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$5.81M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$6.52M | USD | Point-in-time |
| Interest |
InterestPaid
|
$16.10K | USD | 1 Quarter |
| Interest |
InterestPaid
|
$227.00 | USD | 1 Quarter |
| Income taxes |
IncomeTaxesPaid
|
$614.00K | USD | 1 Quarter |
| Income taxes |
IncomeTaxesPaid
|
$93.00K | USD | 1 Quarter |
Stockholders Equity
17 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance Beginning |
StockholdersEquity
|
$27.05M | USD | Point-in-time |
| Balance Beginning |
StockholdersEquity
|
$26.86M | USD | Point-in-time |
| Balance Beginning |
StockholdersEquity
|
$26.24M | USD | Point-in-time |
| Balance Beginning |
StockholdersEquity
|
$25.92M | USD | Point-in-time |
| Cash dividend per share |
CommonStockDividendsPerShareCashPaid
|
$0.25 | USD | 1 Quarter |
| Cash dividend per share |
CommonStockDividendsPerShareCashPaid
|
$0.25 | USD | 1 Quarter |
| Compensation expense related to stock options |
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
$1.47K | USD | 1 Quarter |
| Balance Ending |
StockholdersEquity
|
$27.05M | USD | Point-in-time |
| Balance Ending |
StockholdersEquity
|
$26.86M | USD | Point-in-time |
| Balance Ending |
StockholdersEquity
|
$26.24M | USD | Point-in-time |
| Balance Ending |
StockholdersEquity
|
$25.92M | USD | Point-in-time |
| Net income |
NetIncomeLoss
|
$168.15K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$417.01K | USD | 1 Quarter |
| Cash dividend |
DividendsCash
|
$-611.57K | USD | 1 Quarter |
| Cash dividend |
DividendsCash
|
$-611.57K | USD | 1 Quarter |
| Exercise of stock options |
StockIssuedDuringPeriodValueStockOptionsExercised
|
$124.35K | USD | 1 Quarter |
| Exercise of stock options (in Shares) |
StockIssuedDuringPeriodSharesStockOptionsExercised
|
15,000.00 | shares | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.