10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000353184-13-000024 |
| Period End Date | 20130630 |
| Filing Date | 20130807 |
| Fiscal Year | 2013 |
| Fiscal Period | Q1 |
| XBRL Instance | airt-20130630.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
|
$65.00K | USD | Point-in-time |
| Allowance for doubtful accounts (in Dollars) |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$66.00K | 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
|
$7.82M | USD | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
50,000.00 | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$5.81M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$9.20M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$4.73M | USD | Point-in-time |
| Common stock, par value (in Dollars per share) |
CommonStockParOrStatedValuePerShare
|
$0.25 | 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 $65,000 and $66,000 |
AccountsReceivableNetCurrent
|
$11.69M | USD | Point-in-time |
| Accounts receivable, less allowance for doubtful accounts of $65,000 and $66,000 |
AccountsReceivableNetCurrent
|
$11.07M | USD | Point-in-time |
| Notes and other receivables-current |
AccountsNotesAndLoansReceivableNetCurrent
|
$145.49K | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
4.00M | shares | Point-in-time |
| Notes and other receivables-current |
AccountsNotesAndLoansReceivableNetCurrent
|
$286.09K | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
4.00M | shares | Point-in-time |
| Income tax receivable |
IncomeTaxesReceivable
|
$287.00K | USD | Point-in-time |
| Income tax receivable |
IncomeTaxesReceivable
|
$523.00K | 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 |
| Inventories |
InventoryNet
|
$11.35M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
2.45M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
2.45M | shares | Point-in-time |
| Inventories |
InventoryNet
|
$8.18M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$410.00K | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetCurrent
|
$410.00K | USD | Point-in-time |
| Prepaid expenses and other |
PrepaidExpenseAndOtherAssets
|
$619.13K | USD | Point-in-time |
| Prepaid expenses and other |
PrepaidExpenseAndOtherAssets
|
$514.66K | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$31.98M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$30.53M | USD | Point-in-time |
| Property and Equipment, net |
PropertyPlantAndEquipmentNet
|
$3.47M | USD | Point-in-time |
| Property and Equipment, net |
PropertyPlantAndEquipmentNet
|
$3.43M | USD | Point-in-time |
| Cash Surrender Value of Life Insurance Policies |
CashSurrenderValueOfLifeInsurance
|
$1.78M | USD | Point-in-time |
| Cash Surrender Value of Life Insurance Policies |
CashSurrenderValueOfLifeInsurance
|
$1.80M | USD | Point-in-time |
| Notes and Other Receivables-LongTerm |
NotesAndLoansReceivableNetNoncurrent
|
$131.35K | USD | Point-in-time |
| Notes and Other Receivables-LongTerm |
NotesAndLoansReceivableNetNoncurrent
|
$158.28K | USD | Point-in-time |
| Other Assets |
OtherAssetsNoncurrent
|
$126.61K | USD | Point-in-time |
| Other Assets |
OtherAssetsNoncurrent
|
$114.27K | USD | Point-in-time |
| Total Assets |
Assets
|
$37.46M | USD | Point-in-time |
| Total Assets |
Assets
|
$36.05M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$7.60M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$5.74M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$2.26M | USD | Point-in-time |
| Accrued expenses |
AccruedLiabilitiesCurrent
|
$2.12M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$9.86M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$7.86M | USD | Point-in-time |
| Deferred Income Taxes |
DeferredTaxLiabilitiesNoncurrent
|
$69.00K | USD | Point-in-time |
| Deferred Income Taxes |
DeferredTaxLiabilitiesNoncurrent
|
$69.00K | 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
|
$6.32M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$6.33M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$20.60M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$21.19M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$27.05M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$27.53M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$28.12M | USD | Point-in-time |
| Total Stockholders' Equity |
StockholdersEquity
|
$26.86M | USD | Point-in-time |
| Total Liabilities and Stockholders Equity |
LiabilitiesAndStockholdersEquity
|
$37.46M | USD | Point-in-time |
| Total Liabilities and Stockholders Equity |
LiabilitiesAndStockholdersEquity
|
$36.05M | USD | Point-in-time |
Income Statement
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Overnight air cargo |
CargoAndFreightRevenue
|
$10.73M | USD | 1 Quarter |
| Overnight air cargo |
CargoAndFreightRevenue
|
$12.41M | USD | 1 Quarter |
| Ground equipment sales |
GroundEquipmentSales
|
$10.74M | USD | 1 Quarter |
| Ground equipment sales |
GroundEquipmentSales
|
$5.24M | USD | 1 Quarter |
| Ground support services |
GroundSupportServices
|
$3.64M | USD | 1 Quarter |
| Ground support services |
GroundSupportServices
|
$3.01M | USD | 1 Quarter |
| Revenues |
Revenues
|
$21.28M | USD | 1 Quarter |
| Revenues |
Revenues
|
$24.49M | USD | 1 Quarter |
| Flight-air cargo |
FlightairCargo
|
$4.79M | USD | 1 Quarter |
| Flight-air cargo |
FlightairCargo
|
$4.46M | USD | 1 Quarter |
| Maintenance-air cargo |
MaintenanceairCargo
|
$4.66M | USD | 1 Quarter |
| Maintenance-air cargo |
MaintenanceairCargo
|
$6.01M | USD | 1 Quarter |
| Ground equipment sales |
GroundEquipmentExpense
|
$4.23M | USD | 1 Quarter |
| Ground equipment sales |
GroundEquipmentExpense
|
$9.41M | USD | 1 Quarter |
| Ground support services |
GroundSupportExpenses
|
$2.48M | USD | 1 Quarter |
| Ground support services |
GroundSupportExpenses
|
$2.93M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$2.70M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$2.95M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$124.68K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$144.30K | USD | 1 Quarter |
| Gain on sale of assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$1.74K | USD | 1 Quarter |
| OperatingExpenses |
OperatingExpenses
|
$23.83M | USD | 1 Quarter |
| OperatingExpenses |
OperatingExpenses
|
$21.06M | USD | 1 Quarter |
| Operating Income |
OperatingIncomeLoss
|
$653.67K | USD | 1 Quarter |
| Operating Income |
OperatingIncomeLoss
|
$220.46K | USD | 1 Quarter |
| Investment income |
InvestmentIncomeNet
|
$7.05K | USD | 1 Quarter |
| Investment income |
InvestmentIncomeNet
|
$4.57K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$6.22K | USD | 1 Quarter |
| NonoperatingIncomeExpense |
NonoperatingIncomeExpense
|
$-1.66K | USD | 1 Quarter |
| NonoperatingIncomeExpense |
NonoperatingIncomeExpense
|
$7.05K | USD | 1 Quarter |
| Income Before Income Taxes |
IncomeLossFromContinuingOperations
|
$227.51K | USD | 1 Quarter |
| Income Before Income Taxes |
IncomeLossFromContinuingOperations
|
$652.01K | USD | 1 Quarter |
| Income Taxes |
IncomeTaxExpenseBenefit
|
$235.00K | USD | 1 Quarter |
| Income Taxes |
IncomeTaxExpenseBenefit
|
$89.00K | USD | 1 Quarter |
| Net Income |
NetIncomeLoss
|
$138.51K | USD | 1 Quarter |
| Net Income |
NetIncomeLoss
|
$417.01K | USD | 1 Quarter |
| Basic (in Dollars per share) |
EarningsPerShareBasic
|
$0.17 | USD | 1 Quarter |
| Basic (in Dollars per share) |
EarningsPerShareBasic
|
$0.06 | USD | 1 Quarter |
| Diluted (in Dollars per share) |
EarningsPerShareDiluted
|
$0.17 | USD | 1 Quarter |
| Diluted (in Dollars per share) |
EarningsPerShareDiluted
|
$0.06 | USD | 1 Quarter |
| Dividends Declared Per Share (in Dollars per share) |
CommonStockDividendsPerShareDeclared
|
$0.30 | 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
|
2.45M | shares | 1 Quarter |
| Diluted (in Shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
2.47M | 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
|
$138.51K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$417.01K | USD | 1 Quarter |
| Gain on sale of assets |
GainLossOnDispositionOfAssets
|
$1.74K | USD | 1 Quarter |
| Gain on sale of assets |
GainLossOnDispositionOfAssets
|
- | USD | 1 Quarter |
| Change in accounts receivable and inventory reserves |
IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve
|
$-19.04K | USD | 1 Quarter |
| Change in accounts receivable and inventory reserves |
IncreaseDecreaseInLossAndLossAdjustmentExpenseReserve
|
$66.70K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$124.68K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$144.30K | 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
|
$42.12K | USD | 1 Quarter |
| Warranty reserve |
ProductWarrantyAccrualPeriodIncreaseDecrease
|
$37.45K | USD | 1 Quarter |
| Compensation expense related to stock options |
ShareBasedCompensation
|
- | USD | 1 Quarter |
| Compensation expense related to stock options |
ShareBasedCompensation
|
$5.66K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-619.20K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$1.53M | USD | 1 Quarter |
| Notes receivable and other non-trade receivables |
IncreaseDecreaseInReceivables
|
$113.68K | USD | 1 Quarter |
| Notes receivable and other non-trade receivables |
IncreaseDecreaseInReceivables
|
$-194.50K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$3.19M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-1.24M | USD | 1 Quarter |
| Prepaid expenses and other |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-197.51K | USD | 1 Quarter |
| Prepaid expenses and other |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-92.13K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$1.86M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-1.20M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$102.99K | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$105.31K | USD | 1 Quarter |
| Income taxes receivable/ payable |
IncreaseDecreaseInIncomeTaxesReceivable
|
$236.00K | USD | 1 Quarter |
| Income taxes receivable/ payable |
IncreaseDecreaseInIncomeTaxesReceivable
|
$-141.97K | USD | 1 Quarter |
| Total adjustments |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$680.51K | USD | 1 Quarter |
| Total adjustments |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$766.10K | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$349.09K | USD | 1 Quarter |
| Net cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$542.00K | USD | 1 Quarter |
| Proceeds from sale of assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
- | 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
|
$97.42K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-126.99K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-97.42K | USD | 1 Quarter |
| Payment of cash dividend |
PaymentsOfDividends
|
$733.88K | USD | 1 Quarter |
| Payment of cash dividend |
PaymentsOfDividends
|
$611.57K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-611.57K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-733.88K | USD | 1 Quarter |
| NET DECREASE IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-1.37M | USD | 1 Quarter |
| NET DECREASE IN CASH AND CASH EQUIVALENTS |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-1.09M | USD | 1 Quarter |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$7.82M | 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
|
$9.20M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$4.73M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$7.82M | 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
|
$9.20M | USD | Point-in-time |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD |
CashAndCashEquivalentsAtCarryingValue
|
$4.73M | USD | Point-in-time |
| Interest |
InterestPaid
|
- | USD | 1 Quarter |
| Interest |
InterestPaid
|
$16.10K | USD | 1 Quarter |
| Income taxes |
IncomeTaxesPaid
|
$325.00K | USD | 1 Quarter |
| Income taxes |
IncomeTaxesPaid
|
$93.00K | USD | 1 Quarter |
Stockholders Equity
15 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash dividend per share |
CommonStockDividendsPerShareCashPaid
|
$0.25 | USD | 1 Quarter |
| Balance Beginning |
StockholdersEquity
|
$27.05M | USD | Point-in-time |
| Balance Beginning |
StockholdersEquity
|
$27.53M | USD | Point-in-time |
| Cash dividend per share |
CommonStockDividendsPerShareCashPaid
|
$0.30 | USD | 1 Quarter |
| Balance Beginning |
StockholdersEquity
|
$28.12M | USD | Point-in-time |
| Balance Beginning |
StockholdersEquity
|
$26.86M | USD | Point-in-time |
| Balance Ending |
StockholdersEquity
|
$27.05M | USD | Point-in-time |
| Balance Ending |
StockholdersEquity
|
$27.53M | USD | Point-in-time |
| Balance Ending |
StockholdersEquity
|
$28.12M | USD | Point-in-time |
| Balance Ending |
StockholdersEquity
|
$26.86M | USD | Point-in-time |
| Net income |
NetIncomeLoss
|
$138.51K | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$417.01K | USD | 1 Quarter |
| Cash dividend |
DividendsCash
|
$611.57K | USD | 1 Quarter |
| Cash dividend |
DividendsCash
|
$733.88K | USD | 1 Quarter |
| Compensation expense related to stock options |
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
|
$5.66K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.