10-K Filing

AIR T INC CIK: 353184 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0000353184-21-000058`
Period End Date	20210331
Filing Date	20210625
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	airt-20210331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 99 Income Statement 132 Cash Flow Statement 110 Stockholders Equity 18 Comprehensive Income 18

Balance Sheet 99 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$680.00K	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.18M	USD	Point-in-time
Assets on lease, accumulated depreciation	`FinanceLeaseRightOfUseAssetAccumulatedAmortization`	$436.00K	USD	Point-in-time
Assets on lease, accumulated depreciation	`FinanceLeaseRightOfUseAssetAccumulatedAmortization`	$6.53M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$4.32M	USD	Point-in-time
Property and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$4.51M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.95M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.00M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.68M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.41M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$4.93M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$9.62M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50,000.00	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	50,000.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.25	USD	Point-in-time
Restricted investments	`RestrictedInvestmentsCurrent`	$1.51M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.25	USD	Point-in-time
Restricted investments	`RestrictedInvestmentsCurrent`	$1.08M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $1,177 and $680	`AccountsReceivableNetCurrent`	$13.08M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $1,177 and $680	`AccountsReceivableNetCurrent`	$6.50M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$4.39M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	3.02M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.17M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	2.88M	shares	Point-in-time
Inventories, net	`InventoryNet`	$60.62M	USD	Point-in-time
Inventories, net	`InventoryNet`	$71.97M	USD	Point-in-time
Treasury stock (shares)	`TreasuryStockShares`	140,892.00	shares	Point-in-time
Treasury stock (shares)	`TreasuryStockShares`	140,892.00	shares	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$4.07M	USD	Point-in-time
Other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.28M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$105.77M	USD	Point-in-time
Treasury stock, average price per share (in dollars per share)	`TreasuryStockAveragePricePerShare`	$18.58	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$98.49M	USD	Point-in-time
Treasury stock, average price per share (in dollars per share)	`TreasuryStockAveragePricePerShare`	$18.58	USD	Point-in-time
Assets on lease or held for lease, net of accumulated depreciation of $436 and $6,526	`FinanceLeaseRightOfUseAsset`	$2.13M	USD	Point-in-time
Assets on lease or held for lease, net of accumulated depreciation of $436 and $6,526	`FinanceLeaseRightOfUseAsset`	$27.95M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $4,510 and $4,319	`PropertyPlantAndEquipmentNet`	$8.52M	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $4,510 and $4,319	`PropertyPlantAndEquipmentNet`	$5.27M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$8.12M	USD	Point-in-time
Right-of-use assets	`OperatingLeaseRightOfUseAsset`	$7.76M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$5.21M	USD	Point-in-time
Equity method investments	`EquityMethodInvestments`	$4.47M	USD	Point-in-time
Goodwill	`Goodwill`	$4.23M	USD	Point-in-time
Goodwill	`Goodwill`	$4.23M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$2.17M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$7.87M	USD	Point-in-time
Total Assets	`Assets`	$140.75M	USD	Point-in-time
Total Assets	`Assets`	$151.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.34M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.86M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$39.00K	USD	Point-in-time
Accrued expenses and other (Note 11)	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$13.02M	USD	Point-in-time
Accrued expenses and other (Note 11)	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$12.79M	USD	Point-in-time
Current portion of long-term debt	`LinesOfCreditCurrent`	$5.64M	USD	Point-in-time
Current portion of long-term debt	`LinesOfCreditCurrent`	$42.68M	USD	Point-in-time
Short-term lease liability	`OperatingLeaseLiabilityCurrent`	$1.17M	USD	Point-in-time
Short-term lease liability	`OperatingLeaseLiabilityCurrent`	$1.37M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$28.18M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$67.75M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$43.14M	USD	Point-in-time
Long-term debt	`LongTermLineOfCredit`	$81.86M	USD	Point-in-time
Long-term lease liability	`OperatingLeaseLiabilityNoncurrent`	$7.08M	USD	Point-in-time
Long-term lease liability	`OperatingLeaseLiabilityNoncurrent`	$7.47M	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$579.00K	USD	Point-in-time
Deferred income tax liabilities, net	`DeferredIncomeTaxLiabilitiesNet`	$595.00K	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.40M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$1.73M	USD	Point-in-time
Total Liabilities	`Liabilities`	$119.44M	USD	Point-in-time
Total Liabilities	`Liabilities`	$120.34M	USD	Point-in-time
Redeemable non-controlling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$6.60M	USD	Point-in-time
Redeemable non-controlling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$6.08M	USD	Point-in-time
Commitments and contingencies (Note 23)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 23)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $1.00 par value, 50,000 shares authorized	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $1.00 par value, 50,000 shares authorized	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.25 par value; 4,000,000 shares authorized, 3,022,745 shares issued and 2,881,853 shares outstanding	`CommonStockValue`	$756.00K	USD	Point-in-time
Common stock, $0.25 par value; 4,000,000 shares authorized, 3,022,745 shares issued and 2,881,853 shares outstanding	`CommonStockValue`	$756.00K	USD	Point-in-time
Treasury stock, 140,892 shares at $18.58	`TreasuryStockValue`	$2.62M	USD	Point-in-time
Treasury stock, 140,892 shares at $18.58	`TreasuryStockValue`	$2.62M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.64M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$23.77M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$16.27M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-684.00K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-537.00K	USD	Point-in-time
Total Air T, Inc. Stockholders' Equity	`StockholdersEquity`	$13.72M	USD	Point-in-time
Total Air T, Inc. Stockholders' Equity	`StockholdersEquity`	$24.01M	USD	Point-in-time
Non-controlling Interests	`MinorityInterest`	$1.00M	USD	Point-in-time
Non-controlling Interests	`MinorityInterest`	$989.00K	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.71M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$25.01M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$23.36M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$151.43M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$140.75M	USD	Point-in-time

Income Statement 132 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$175.12M	USD	Annual
Revenue	`Revenues`	$73.30M	USD	1 Quarter
Revenue	`Revenues`	$35.60M	USD	1 Quarter
Revenue	`Revenues`	$47.19M	USD	1 Quarter
Revenue	`Revenues`	$55.82M	USD	1 Quarter
Revenue	`Revenues`	$36.97M	USD	1 Quarter
Revenue	`Revenues`	$46.73M	USD	1 Quarter
Revenue	`Revenues`	$236.78M	USD	Annual
Revenue	`Revenues`	$65.60M	USD	1 Quarter
Revenue	`Revenues`	$50.69M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$34.26M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$39.78M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$5.68M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$3.11M	USD	Annual
Write-down of inventory	`OtherAssetImpairmentCharges`	$6.41M	USD	Annual
Write-down of inventory	`OtherAssetImpairmentCharges`	-	USD	Annual
Impairment of property and equipment	`ImpairmentOfLongLivedAssetsHeldForUse`	$187.00K	USD	Annual
Impairment of property and equipment	`ImpairmentOfLongLivedAssetsHeldForUse`	$18.00K	USD	Annual
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets`	$10.00K	USD	Annual
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets`	$37.00K	USD	Annual
Operating Expenses	`OperatingExpenses`	$229.49M	USD	Annual
Operating Expenses	`OperatingExpenses`	$184.30M	USD	Annual
Operating (Loss) Income from continuing operations	`OperatingIncomeLoss`	$-9.18M	USD	Annual
Operating (Loss) Income from continuing operations	`OperatingIncomeLoss`	$7.29M	USD	Annual
Other-than-temporary impairment loss on investments	`ImpairmentOfInvestments`	-	USD	Annual
Other-than-temporary impairment loss on investments	`ImpairmentOfInvestments`	$2.31M	USD	Annual
Interest expense, net	`InterestExpense`	$4.69M	USD	Annual
Interest expense, net	`InterestExpense`	$4.62M	USD	Annual
Gain on settlement of bankruptcy	`GainOnSettlementOfBankruptcy`	$4.53M	USD	Annual
Gain on settlement of bankruptcy	`GainOnSettlementOfBankruptcy`	-	USD	Annual
Loss from equity method investments	`IncomeLossFromEquityMethodInvestments`	$-723.00K	USD	Annual
Loss from equity method investments	`IncomeLossFromEquityMethodInvestments`	$-910.00K	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	$2.74M	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	$-1.29M	USD	Annual
Non-operating income (expense)	`NonoperatingIncomeExpense`	$-2.61M	USD	Annual
Non-operating income (expense)	`NonoperatingIncomeExpense`	$-4.67M	USD	Annual
(Loss) Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.62M	USD	Annual
(Loss) Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.78M	USD	Annual
Income Tax Benefit	`IncomeTaxExpenseBenefit`	$-544.00K	USD	Annual
Income Tax Benefit	`IncomeTaxExpenseBenefit`	$-3.39M	USD	Annual
Net (Loss) Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$581.00K	USD	1 Quarter
Net (Loss) Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$718.00K	USD	1 Quarter
Net (Loss) Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-5.84M	USD	1 Quarter
Net (Loss) Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-956.00K	USD	1 Quarter
Net (Loss) Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$1.76M	USD	1 Quarter
Net (Loss) Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-3.36M	USD	1 Quarter
Net (Loss) Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-8.39M	USD	Annual
Net (Loss) Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$3.17M	USD	Annual
Net (Loss) Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-2.12M	USD	1 Quarter
Net (Loss) Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$3.99M	USD	1 Quarter
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	Annual
Loss from discontinued operations, net of tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-114.00K	USD	Annual
Gain on sale of discontinued operations, net of tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$8.18M	USD	Annual
Gain on sale of discontinued operations, net of tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$4.00K	USD	Annual
Net (Loss) Income	`ProfitLoss`	$-8.39M	USD	Annual
Net (Loss) Income	`ProfitLoss`	$11.23M	USD	Annual
Net Loss (Income) Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.37M	USD	1 Quarter
Net Loss (Income) Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-433.00K	USD	1 Quarter
Net Loss (Income) Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$789.00K	USD	1 Quarter
Net Loss (Income) Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-230.00K	USD	1 Quarter
Net Loss (Income) Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-115.00K	USD	1 Quarter
Net Loss (Income) Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.11M	USD	Annual
Net Loss (Income) Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$287.00K	USD	1 Quarter
Net Loss (Income) Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-335.00K	USD	1 Quarter
Net Loss (Income) Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$128.00K	USD	1 Quarter
Net Loss (Income) Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.58M	USD	Annual
Net (Loss) Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$7.66M	USD	Annual
Net (Loss) Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-7.28M	USD	Annual
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.80	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.29	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.07	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.72	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.15	USD	Annual
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.73	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-1.96	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.20	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-1.01	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-2.53	USD	Annual
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.80	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.15	USD	Annual
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-2.53	USD	Annual
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.29	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.72	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.20	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.07	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-1.01	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.73	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-1.96	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	Annual
Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$-0.07	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$2.69	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$2.89	USD	Annual
Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Basic (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	$0.07	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$2.68	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$0.07	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$2.88	USD	Annual
Diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	Annual
Diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	$-0.07	USD	1 Quarter
Diluted (in dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare`	-	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.14	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-1.01	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.79	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.20	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.74	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.29	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-2.53	USD	Annual
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.89	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-1.96	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.73	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.73	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.96	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.14	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.73	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-2.53	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.29	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.88	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.79	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.01	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.88M	shares	Annual
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.79M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.88M	shares	Annual
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.80M	shares	Annual

Cash Flow Statement 110 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`ProfitLoss`	$-8.39M	USD	Annual
Net (loss) income	`ProfitLoss`	$11.23M	USD	Annual
Loss from discontinued operations, net of income tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	-	USD	Annual
Loss from discontinued operations, net of income tax	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-114.00K	USD	Annual
Gain on sale of discontinued operations, net of income tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$8.18M	USD	Annual
Gain on sale of discontinued operations, net of income tax	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$4.00K	USD	Annual
Net (Loss) Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$581.00K	USD	1 Quarter
Net (Loss) Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$718.00K	USD	1 Quarter
Net (Loss) Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-5.84M	USD	1 Quarter
Net (Loss) Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-956.00K	USD	1 Quarter
Net (Loss) Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$1.76M	USD	1 Quarter
Net (Loss) Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-3.36M	USD	1 Quarter
Net (Loss) Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-8.39M	USD	Annual
Net (Loss) Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$3.17M	USD	Annual
Net (Loss) Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-2.12M	USD	1 Quarter
Net (Loss) Income from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$3.99M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.11M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.71M	USD	Annual
Impairment of investment	`EquityMethodInvestmentOtherThanTemporaryImpairment`	-	USD	Annual
Impairment of investment	`EquityMethodInvestmentOtherThanTemporaryImpairment`	$2.31M	USD	Annual
Profit from sale of assets on lease and held for lease	`GainLossOnSaleOfPropertyPlantEquipment`	$1.47M	USD	Annual
Profit from sale of assets on lease and held for lease	`GainLossOnSaleOfPropertyPlantEquipment`	$5.28M	USD	Annual
Gain on settlement of bankruptcy	`GainLossOnAssetRetirementObligation`	$4.51M	USD	Annual
Gain on settlement of bankruptcy	`GainLossOnAssetRetirementObligation`	-	USD	Annual
Write-down of inventory	`InventoryWriteDown`	-	USD	Annual
Write-down of inventory	`InventoryWriteDown`	$6.41M	USD	Annual
Other	`OtherNoncashIncomeExpense`	$-1.02M	USD	Annual
Other	`OtherNoncashIncomeExpense`	$-1.11M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.24M	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-6.07M	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$129.00K	USD	Annual
Inventories	`IncreaseDecreaseInInventories`	$29.61M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$1.51M	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-2.52M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$2.15M	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-341.00K	USD	Annual
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$5.57M	USD	Annual
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$543.00K	USD	Annual
Total adjustments	`IncreaseDecreaseInOperatingCapital`	$2.49M	USD	Annual
Total adjustments	`IncreaseDecreaseInOperatingCapital`	$28.74M	USD	Annual
Net cash used in operating activities - continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-26.23M	USD	Annual
Net cash used in operating activities - continuing operations	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.82M	USD	Annual
Net cash provided by operating activities - discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$1.16M	USD	Annual
Net cash provided by operating activities - discontinued operations	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$4.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-25.07M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.82M	USD	Annual
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$626.00K	USD	Annual
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$659.00K	USD	Annual
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$239.00K	USD	Annual
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$2.45M	USD	Annual
Proceeds from sale of assets on lease and held for lease	`ProceedsFromSaleOfFlightEquipment`	$8.18M	USD	Annual
Proceeds from sale of assets on lease and held for lease	`ProceedsFromSaleOfFlightEquipment`	$30.69M	USD	Annual
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$536.00K	USD	Annual
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$500.00K	USD	Annual
Investment in unconsolidated entities	`PaymentsToAcquireHeldToMaturitySecurities`	-	USD	Annual
Investment in unconsolidated entities	`PaymentsToAcquireHeldToMaturitySecurities`	$2.81M	USD	Annual
Capital expenditures related to property & equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.44M	USD	Annual
Capital expenditures related to property & equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.90M	USD	Annual
Capital expenditures related to assets on lease or held for lease	`PaymentsRelatedToAssetsOnLease`	$36.25M	USD	Annual
Capital expenditures related to assets on lease or held for lease	`PaymentsRelatedToAssetsOnLease`	$2.11M	USD	Annual
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$919.00K	USD	Annual
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-135.00K	USD	Annual
Net cash provided by (used in) investing activities - continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$2.52M	USD	Annual
Net cash provided by (used in) investing activities - continuing operations	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-11.57M	USD	Annual
Net cash provided by investing activities - discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	$20.17M	USD	Annual
Net cash provided by investing activities - discontinued operations	`CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations`	-	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$8.61M	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.52M	USD	Annual
Proceeds from lines of credit	`ProceedsFromLinesOfCredit`	$66.38M	USD	Annual
Proceeds from lines of credit	`ProceedsFromLinesOfCredit`	$174.65M	USD	Annual
Payments on lines of credit	`RepaymentsOfLinesOfCredit`	$147.88M	USD	Annual
Payments on lines of credit	`RepaymentsOfLinesOfCredit`	$105.55M	USD	Annual
Proceeds from term loan	`ProceedsFromIssuanceOfLongTermDebt`	$59.28M	USD	Annual
Proceeds from term loan	`ProceedsFromIssuanceOfLongTermDebt`	$35.95M	USD	Annual
Payments on term loan	`RepaymentsOfLongTermDebt`	$27.27M	USD	Annual
Payments on term loan	`RepaymentsOfLongTermDebt`	$47.44M	USD	Annual
Proceeds from PPP loan	`ProceedsFromNotesPayable`	$8.21M	USD	Annual
Proceeds from PPP loan	`ProceedsFromNotesPayable`	-	USD	Annual
Proceeds received from issuance of Trust Preferred Securities ("TruPs")	`ProceedsFromWarrantExercises`	$8.52M	USD	Annual
Proceeds received from issuance of Trust Preferred Securities ("TruPs")	`ProceedsFromWarrantExercises`	$1.34M	USD	Annual
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.32M	USD	Annual
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-4.56M	USD	Annual
Net cash provided by financing activities - continuing operations	`NetCashProvidedByUsedInFinancingActivities`	$19.24M	USD	Annual
Net cash provided by financing activities - continuing operations	`NetCashProvidedByUsedInFinancingActivities`	$71.00K	USD	Annual
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-412.00K	USD	Annual
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$260.00K	USD	Annual
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$356.00K	USD	Annual
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.03M	USD	Annual
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$15.57M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$15.93M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$12.54M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$15.57M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$15.93M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$12.54M	USD	Point-in-time
Non-cash capital expenditures related to property & equipment	`CapitalExpendituresIncurredButNotYetPaid`	$31.00K	USD	Annual
Non-cash capital expenditures related to property & equipment	`CapitalExpendituresIncurredButNotYetPaid`	-	USD	Annual
Equipment leased or held for lease to customers transferred to Inventory	`EquipmentLeasedToCustomersTransferredToInventory`	$19.62M	USD	Annual
Equipment leased or held for lease to customers transferred to Inventory	`EquipmentLeasedToCustomersTransferredToInventory`	$4.93M	USD	Annual
Equipment in Inventory transferred to Assets on Lease	`EquipmentInInventoryTransferredToAssetsOnLease`	$501.00K	USD	Annual
Equipment in Inventory transferred to Assets on Lease	`EquipmentInInventoryTransferredToAssetsOnLease`	-	USD	Annual
Issuance of Debt - Trust Preferred Securities	`IssuanceOfDebtTrustPreferredSecurities`	$4.00M	USD	Annual
Issuance of Debt - Trust Preferred Securities	`IssuanceOfDebtTrustPreferredSecurities`	-	USD	Annual
Issuance of warrant liability	`ProceedsFromIssuanceOfWarrants`	-	USD	Annual
Issuance of warrant liability	`ProceedsFromIssuanceOfWarrants`	$840.00K	USD	Annual
Operating cash payments for operating leases	`OperatingLeasePayments`	$1.68M	USD	Annual
Operating cash payments for operating leases	`OperatingLeasePayments`	$1.49M	USD	Annual
Cash paid during the year for interest	`InterestPaidNet`	$2.73M	USD	Annual
Cash paid during the year for interest	`InterestPaidNet`	$3.31M	USD	Annual
Cash paid during the year for income taxes	`IncomeTaxesPaid`	$1.49M	USD	Annual
Cash paid during the year for income taxes	`IncomeTaxesPaid`	$477.00K	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.71M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$25.01M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$23.36M	USD	Point-in-time
Net income (loss)	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$9.65M	USD	Annual
Net income (loss)	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-7.29M	USD	Annual
Stock Split	`AdjustmentsToAdditionalPaidInCapitalStockSplit`	-	USD	Annual
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$2.82M	USD	Annual
Issuance of Debt - Trust Preferred Securities	`StockholdersEquityIssuanceOfDebt`	$4.00M	USD	Annual
Issuance of Warrants	`WarrantDownRoundFeatureIncreaseDecreaseInEquityAmount`	$840.00K	USD	Annual
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$212.00K	USD	Annual
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-409.00K	USD	Annual
Adjustment to fair value of redeemable non-controlling interest	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$-21.00K	USD	Annual
Adjustment to fair value of redeemable non-controlling interest	`NetIncomeLossAttributableToRedeemableNoncontrollingInterest`	$2.86M	USD	Annual
Unrealized loss of interest rate swaps, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-529.00K	USD	Annual
Unrealized loss of interest rate swaps, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$262.00K	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$14.71M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$25.01M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$23.36M	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Unrealized loss on interest rate swaps, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$78.00K	USD	Annual
Net (loss) income	`ProfitLoss`	$-8.39M	USD	Annual
Unrealized loss on interest rate swaps, tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax`	$157.00K	USD	Annual
Net (loss) income	`ProfitLoss`	$11.23M	USD	Annual
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$212.00K	USD	Annual
Foreign currency translation (loss) gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-409.00K	USD	Annual
Unrealized loss of interest rate swaps, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-529.00K	USD	Annual
Unrealized loss of interest rate swaps, net of tax	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$262.00K	USD	Annual
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	$-18.00K	USD	Annual
Reclassification of interest rate swaps into earnings	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent`	-	USD	Annual
Total Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-317.00K	USD	Annual
Total Other Comprehensive Loss	`OtherComprehensiveIncomeLossNetOfTax`	$-165.00K	USD	Annual
Total Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-8.55M	USD	Annual
Total Comprehensive (Loss) Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$10.92M	USD	Annual
Comprehensive Loss (Income) Attributable to Non-controlling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$3.59M	USD	Annual
Comprehensive Loss (Income) Attributable to Non-controlling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.11M	USD	Annual
Comprehensive (Loss) Income Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$7.32M	USD	Annual
Comprehensive (Loss) Income Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$-7.44M	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.