10-Q Filing

AIR T INC CIK: 353184 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001437749-16-024818`
Period End Date	20151231
Filing Date	20160205
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	airt-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 100 Cash Flow Statement 88 Stockholders Equity 24 Comprehensive Income 48

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.17M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$8.82M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$3.92M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$5.28M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$183.00K	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $183,000 and $222,000	`AccountsReceivableNetCurrent`	$14.97M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $183,000 and $222,000	`AccountsReceivableNetCurrent`	$9.53M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$222.00K	USD	Point-in-time
VIE Assets	`Assets`	$43.46M	USD	Point-in-time
Notes and other receivables-current	`AccountsNotesAndLoansReceivableNetCurrent`	$954.24K	USD	Point-in-time
VIE Assets	`Assets`	$49.76M	USD	Point-in-time
Notes and other receivables-current	`AccountsNotesAndLoansReceivableNetCurrent`	$816.61K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$195.00K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	-	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Inventories	`InventoryNet`	$7.79M	USD	Point-in-time
Inventories	`InventoryNet`	$11.56M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$1.00	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$278.00K	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	50,000.00	shares	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$216.56K	USD	Point-in-time
Preferred stock, 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
Prepaid expenses and other	`PrepaidExpenseCurrent`	$1.19M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$612.33K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.25	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$38.67M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	4.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$38.10M	USD	Point-in-time
Investments in Available-For-Sale Securities	`AvailableForSaleSecuritiesNoncurrent`	$4.74M	USD	Point-in-time
Investments in Available-For-Sale Securities	`AvailableForSaleSecuritiesNoncurrent`	-	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	2.37M	shares	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	2.37M	shares	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$2.57M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	2.37M	shares	Point-in-time
Property and Equipment, net	`PropertyPlantAndEquipmentNet`	$4.52M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	2.37M	shares	Point-in-time
Cash Surrender Value of Life Insurance Policies	`CashSurrenderValueOfLifeInsurance`	$1.99M	USD	Point-in-time
Cash Surrender Value of Life Insurance Policies	`CashSurrenderValueOfLifeInsurance`	$2.11M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$224.19K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$289.97K	USD	Point-in-time
Total Assets	`Assets`	$43.46M	USD	Point-in-time
Total Assets	`Assets`	$49.76M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.63M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$4.72M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$872.27K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$5.46M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.53M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$208.00K	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	-	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$8.25M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$12.17M	USD	Point-in-time
Long-term Debt	`LongTermLineOfCredit`	$5.00M	USD	Point-in-time
Long-term Debt	`LongTermLineOfCredit`	$11.00K	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$416.00K	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$416.00K	USD	Point-in-time
Other Non-current Liabilities	`OtherLiabilitiesNoncurrent`	$53.69K	USD	Point-in-time
Other Non-current Liabilities	`OtherLiabilitiesNoncurrent`	-	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, $.25 par value; 4,000,000 shares authorized, 2,372,527 shares issued and outstanding	`CommonStockValue`	$593.13K	USD	Point-in-time
Common stock, $.25 par value; 4,000,000 shares authorized, 2,372,527 shares issued and outstanding	`CommonStockValue`	$593.13K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.94M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.93M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$30.44M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$24.41M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-32.68K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-134.91K	USD	Point-in-time
Total Air T, Inc. Stockholders' Equity	`StockholdersEquity`	$35.93M	USD	Point-in-time
Total Air T, Inc. Stockholders' Equity	`StockholdersEquity`	$29.80M	USD	Point-in-time
Non-controlling Interests	`MinorityInterest`	$1.18M	USD	Point-in-time
Non-controlling Interests	`MinorityInterest`	-	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$37.11M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$31.05M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$29.80M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$27.36M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$49.76M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$43.46M	USD	Point-in-time

Income Statement 100 line items

Line Item	Tag	Value	Unit	Period
Operating Revenues	`Revenues`	$113.63M	USD	3 Qtrs
Operating Revenues	`Revenues`	$30.89M	USD	1 Quarter
Operating Revenues	`Revenues`	$87.30M	USD	3 Qtrs
Operating Revenues	`Revenues`	$46.62M	USD	1 Quarter
Flight-air cargo	`FlightairCargo`	$25.60M	USD	3 Qtrs
Flight-air cargo	`FlightairCargo`	$5.64M	USD	1 Quarter
Flight-air cargo	`FlightairCargo`	$15.94M	USD	3 Qtrs
Flight-air cargo	`FlightairCargo`	$9.82M	USD	1 Quarter
Maintenance-air cargo	`MaintenanceairCargo`	$6.17M	USD	1 Quarter
Maintenance-air cargo	`MaintenanceairCargo`	$16.68M	USD	3 Qtrs
Maintenance-air cargo	`MaintenanceairCargo`	$6.50M	USD	1 Quarter
Maintenance-air cargo	`MaintenanceairCargo`	$17.06M	USD	3 Qtrs
Ground equipment sales	`GroundEquipmentExpense`	$33.23M	USD	3 Qtrs
Ground equipment sales	`GroundEquipmentExpense`	$14.63M	USD	1 Quarter
Ground equipment sales	`GroundEquipmentExpense`	$9.47M	USD	1 Quarter
Ground equipment sales	`GroundEquipmentExpense`	$27.43M	USD	3 Qtrs
Ground support services	`GroundSupportExpenses`	$12.16M	USD	3 Qtrs
Ground support services	`GroundSupportExpenses`	$4.37M	USD	1 Quarter
Ground support services	`GroundSupportExpenses`	$5.36M	USD	1 Quarter
Ground support services	`GroundSupportExpenses`	$15.14M	USD	3 Qtrs
Printing equipment and maintenance	`PrintingEquipmentAndMaintenanceExpense`	-	USD	1 Quarter
Printing equipment and maintenance	`PrintingEquipmentAndMaintenanceExpense`	-	USD	3 Qtrs
Printing equipment and maintenance	`PrintingEquipmentAndMaintenanceExpense`	$1.38M	USD	1 Quarter
Printing equipment and maintenance	`PrintingEquipmentAndMaintenanceExpense`	$1.38M	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$216.00K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	-	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$216.00K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.64M	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.65M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.59M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$12.05M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$296.47K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$660.83K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$221.65K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$667.60K	USD	3 Qtrs
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$1.05M	USD	3 Qtrs
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$50.84K	USD	3 Qtrs
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$56.22K	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$780.92K	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$105.29M	USD	3 Qtrs
OperatingExpenses	`OperatingExpenses`	$82.46M	USD	3 Qtrs
OperatingExpenses	`OperatingExpenses`	$28.75M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$42.73M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$2.14M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$4.84M	USD	3 Qtrs
Operating Income	`OperatingIncomeLoss`	$8.35M	USD	3 Qtrs
Operating Income	`OperatingIncomeLoss`	$3.89M	USD	1 Quarter
Realized gain	`MarketableSecuritiesRealizedGainLoss`	$78.00	USD	1 Quarter
Realized gain	`MarketableSecuritiesRealizedGainLoss`	$8.49K	USD	3 Qtrs
Realized gain	`MarketableSecuritiesRealizedGainLoss`	$4.16K	USD	3 Qtrs
Realized gain	`MarketableSecuritiesRealizedGainLoss`	$4.16K	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	-	USD	3 Qtrs
Investment income	`InvestmentIncomeNet`	-	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$970.00	USD	1 Quarter
Investment income	`InvestmentIncomeNet`	$8.70K	USD	3 Qtrs
Interest expense and other	`OtherNonoperatingIncomeExpense`	$21.29K	USD	3 Qtrs
Interest expense and other	`OtherNonoperatingIncomeExpense`	$50.92K	USD	1 Quarter
Interest expense and other	`OtherNonoperatingIncomeExpense`	$-19.08K	USD	3 Qtrs
Interest expense and other	`OtherNonoperatingIncomeExpense`	$-2.80K	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$55.08K	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-1.75K	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-1.89K	USD	3 Qtrs
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$25.45K	USD	3 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.95M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.14M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.83M	USD	3 Qtrs
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$8.37M	USD	3 Qtrs
Income Taxes	`IncomeTaxExpenseBenefit`	$1.50M	USD	1 Quarter
Income Taxes	`IncomeTaxExpenseBenefit`	$690.62K	USD	1 Quarter
Income Taxes	`IncomeTaxExpenseBenefit`	$2.87M	USD	3 Qtrs
Income Taxes	`IncomeTaxExpenseBenefit`	$1.49M	USD	3 Qtrs
Net Income	`ProfitLoss`	$5.50M	USD	3 Qtrs
Net Income	`ProfitLoss`	$2.45M	USD	1 Quarter
Net Income	`ProfitLoss`	$1.45M	USD	1 Quarter
Net Income	`ProfitLoss`	$3.34M	USD	3 Qtrs
Net Loss Attributable to the Non-controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-525.14K	USD	3 Qtrs
Net Loss Attributable to the Non-controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net Loss Attributable to the Non-controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-525.14K	USD	1 Quarter
Net Loss Attributable to the Non-controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	3 Qtrs
Net Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$2.97M	USD	1 Quarter
Net Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$6.03M	USD	3 Qtrs
Net Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$3.34M	USD	3 Qtrs
Net Income Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$1.45M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.61	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.42	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.54	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.25	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.24	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.52	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.61	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.41	USD	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.36M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.37M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.37M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.36M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.38M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.40M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.37M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.40M	shares	1 Quarter

Cash Flow Statement 88 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$5.50M	USD	3 Qtrs
Net income	`ProfitLoss`	$2.45M	USD	1 Quarter
Net income	`ProfitLoss`	$1.45M	USD	1 Quarter
Net income	`ProfitLoss`	$3.34M	USD	3 Qtrs
Loss (Gain) on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	$-6.84K	USD	3 Qtrs
Loss (Gain) on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	$8.49K	USD	3 Qtrs
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$1.05M	USD	3 Qtrs
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$50.84K	USD	3 Qtrs
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$56.22K	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$780.92K	USD	1 Quarter
Change in accounts receivable and inventory reserves	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$-245.36K	USD	3 Qtrs
Change in accounts receivable and inventory reserves	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$-157.06K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$296.47K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$660.83K	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$221.65K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$667.60K	USD	3 Qtrs
Change in cash surrender value of life insurance	`IncreaseDecreaseInInsuranceAssets`	$120.16K	USD	3 Qtrs
Change in cash surrender value of life insurance	`IncreaseDecreaseInInsuranceAssets`	$117.31K	USD	3 Qtrs
Warranty reserve.	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$93.23K	USD	3 Qtrs
Warranty reserve.	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-103.06K	USD	3 Qtrs
Compensation expense related to stock options	`ShareBasedCompensation`	$8.96K	USD	3 Qtrs
Compensation expense related to stock options	`ShareBasedCompensation`	$31.00K	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.15M	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.58M	USD	3 Qtrs
Notes receivable and other non-trade receivables	`IncreaseDecreaseInReceivables`	$137.63K	USD	3 Qtrs
Notes receivable and other non-trade receivables	`IncreaseDecreaseInReceivables`	$-475.71K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-383.38K	USD	3 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$-4.57M	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-80.14K	USD	3 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-214.62K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-565.14K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-27.89K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.04M	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$152.97K	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$897.27K	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$1.26M	USD	3 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-34.31K	USD	3 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	-	USD	3 Qtrs
Total adjustments	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.52M	USD	3 Qtrs
Total adjustments	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-3.73M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$7.07M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.99M	USD	3 Qtrs
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$4.11M	USD	3 Qtrs
Purchase of marketable securities	`PaymentsToAcquireMarketableSecurities`	$3.28M	USD	3 Qtrs
Proceeds from sale of investment securities available for sale	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$515.04K	USD	3 Qtrs
Proceeds from sale of investment securities available for sale	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$54.96K	USD	3 Qtrs
Cash inflow from acquisition of Delphax interests	`PaymentsForProceedsFromBusinessesAndInterestInAffiliates`	-	USD	3 Qtrs
Cash inflow from acquisition of Delphax interests	`PaymentsForProceedsFromBusinessesAndInterestInAffiliates`	$-78.00K	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.05M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.77M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$221.27K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$537.62K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.36M	USD	3 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$185.83K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.01M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.01M	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$14.47M	USD	3 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$1.33M	USD	3 Qtrs
Payment on line of credit	`RepaymentsOfLinesOfCredit`	$1.33M	USD	3 Qtrs
Payment on line of credit	`RepaymentsOfLinesOfCredit`	$19.29M	USD	3 Qtrs
Payment on Delphax senior credit facility	`RepaymentsOfLongTermLinesOfCredit`	$3.03M	USD	3 Qtrs
Payment on Delphax senior credit facility	`RepaymentsOfLongTermLinesOfCredit`	-	USD	3 Qtrs
Proceeds from lease funding	`ProceedsFromLeaseFunding`	-	USD	3 Qtrs
Proceeds from lease funding	`ProceedsFromLeaseFunding`	$7.43K	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	3 Qtrs
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$124.35K	USD	3 Qtrs
Repurchase of stock options	`RepurchaseOfStockOptions`	-	USD	3 Qtrs
Repurchase of stock options	`RepurchaseOfStockOptions`	$130.34K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.84M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.99K	USD	3 Qtrs
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	3 Qtrs
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-12.98K	USD	3 Qtrs
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.06M	USD	3 Qtrs
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.88M	USD	3 Qtrs
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.29M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$14.17M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.76M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.82M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.29M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$14.17M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.76M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.82M	USD	Point-in-time
Finished goods inventory transferred to equipment leased to customers	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$1.29M	USD	3 Qtrs
Finished goods inventory transferred to equipment leased to customers	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$1.13M	USD	3 Qtrs
Interest	`InterestPaid`	$19.15K	USD	3 Qtrs
Interest	`InterestPaid`	$56.55K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$240.62K	USD	3 Qtrs
Income taxes	`IncomeTaxesPaid`	$1.97M	USD	3 Qtrs

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$37.11M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$31.05M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$29.80M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$27.36M	USD	Point-in-time
Net income	`ProfitLoss`	$5.50M	USD	3 Qtrs
Net income	`ProfitLoss`	$2.45M	USD	1 Quarter
Net income	`ProfitLoss`	$1.45M	USD	1 Quarter
Net income	`ProfitLoss`	$3.34M	USD	3 Qtrs
Unrealized gain from marketable securities, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$109.23K	USD	3 Qtrs
Unrealized gain from marketable securities, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$347.72K	USD	3 Qtrs
Exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	15,000.00	shares	1 Quarter
Exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	0.00	shares	3 Qtrs
Exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	15,000.00	shares	3 Qtrs
Exercise of stock options (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	0.00	shares	1 Quarter
Exercise of stock options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$124.35K	USD	3 Qtrs
Compensation expense related to stock options	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$8.96K	USD	3 Qtrs
Repurchase of stock options	`AdjustmentsToAdditionalPaidinCapitalRepurchaseOfStockOptions`	$-130.34K	USD	3 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$37.11M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$31.05M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$29.80M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$27.36M	USD	Point-in-time
Initial consolidation of Delphax	`NoncontrollingInterestIncreaseFromBusinessCombination`	$1.71M	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-18.00K	USD	3 Qtrs
Funding on residual sharing agreements	`AdjustmentsToAdditionalPaidInCapitalOther`	$7.43K	USD	3 Qtrs

Comprehensive Income 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$5.50M	USD	3 Qtrs
Net income	`ProfitLoss`	$2.45M	USD	1 Quarter
Net income	`ProfitLoss`	$1.45M	USD	1 Quarter
Net income	`ProfitLoss`	$3.34M	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-18.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	3 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-18.00K	USD	3 Qtrs
Unrealized gains on investment securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$550.79K	USD	3 Qtrs
Unrealized gains on investment securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$672.62K	USD	1 Quarter
Unrealized gains on investment securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$163.84K	USD	3 Qtrs
Unrealized gains on investment securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$1.03M	USD	1 Quarter
Tax effect of unrealized gains on investment securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$197.68K	USD	3 Qtrs
Tax effect of unrealized gains on investment securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$58.98K	USD	3 Qtrs
Tax effect of unrealized gains on investment securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$370.89K	USD	1 Quarter
Tax effect of unrealized gains on investment securities available for sale	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$242.14K	USD	1 Quarter
Total unrealized gains on investment securities available for sale, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$659.37K	USD	1 Quarter
Total unrealized gains on investment securities available for sale, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$104.85K	USD	3 Qtrs
Total unrealized gains on investment securities available for sale, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$430.48K	USD	1 Quarter
Total unrealized gains on investment securities available for sale, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$353.11K	USD	3 Qtrs
Reclassification of (gains) losses on investment securities available for sale included in net income	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent`	$6.84K	USD	3 Qtrs
Reclassification of (gains) losses on investment securities available for sale included in net income	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent`	$-8.49K	USD	3 Qtrs
Reclassification of (gains) losses on investment securities available for sale included in net income	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent`	$-78.00	USD	1 Quarter
Reclassification of (gains) losses on investment securities available for sale included in net income	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent`	$6.84K	USD	1 Quarter
Tax effect of reclassification of (gains) losses on investment securities available for sale included in net income	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$2.46K	USD	1 Quarter
Tax effect of reclassification of (gains) losses on investment securities available for sale included in net income	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-3.09K	USD	3 Qtrs
Tax effect of reclassification of (gains) losses on investment securities available for sale included in net income	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$2.46K	USD	3 Qtrs
Tax effect of reclassification of (gains) losses on investment securities available for sale included in net income	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-24.00	USD	1 Quarter
Reclassification adjustment for realized gains, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$4.38K	USD	1 Quarter
Reclassification adjustment for realized gains, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-5.39K	USD	3 Qtrs
Reclassification adjustment for realized gains, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-54.00	USD	1 Quarter
Reclassification adjustment for realized gains, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$4.38K	USD	3 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$645.75K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$91.23K	USD	3 Qtrs
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$430.43K	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$347.72K	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$5.60M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.88M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$3.69M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$3.09M	USD	1 Quarter
Comprehensive loss attributable to the non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive loss attributable to the non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-536.14K	USD	1 Quarter
Comprehensive loss attributable to the non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-536.14K	USD	3 Qtrs
Comprehensive loss attributable to the non-controlling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	3 Qtrs
Comprehensive income attributable to Air T, Inc. stockholders	`ComprehensiveIncomeNetOfTax`	$1.88M	USD	1 Quarter
Comprehensive income attributable to Air T, Inc. stockholders	`ComprehensiveIncomeNetOfTax`	$6.13M	USD	3 Qtrs
Comprehensive income attributable to Air T, Inc. stockholders	`ComprehensiveIncomeNetOfTax`	$3.69M	USD	3 Qtrs
Comprehensive income attributable to Air T, Inc. stockholders	`ComprehensiveIncomeNetOfTax`	$3.63M	USD	1 Quarter

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