10-Q Filing

AIR T INC CIK: 353184 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001437749-16-042092`
Period End Date	20160930
Filing Date	20161114
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	airt-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 Income Statement 116 Cash Flow Statement 92 Stockholders Equity 23 Comprehensive Income 48

Balance Sheet 94 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$426.00K	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$469.00K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$3.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.35M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.39M	USD	Point-in-time
Preferred stock, authorized (in shares)	`PreferredStockSharesAuthorized`	50,000.00	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$4.94M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$2.53M	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
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$824.06K	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$820.65K	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 $469,000 and $426,000	`AccountsReceivableNetCurrent`	$21.93M	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
Accounts receivable, less allowance for doubtful accounts of $469,000 and $426,000	`AccountsReceivableNetCurrent`	$12.30M	USD	Point-in-time
Notes and other receivables-current	`AccountsNotesAndLoansReceivableNetCurrent`	$592.72K	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	2.37M	shares	Point-in-time
Notes and other receivables-current	`AccountsNotesAndLoansReceivableNetCurrent`	$2.21M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	2.04M	shares	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	2.37M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$1.11M	USD	Point-in-time
Common stock, outstanding (in shares)	`CommonStockSharesOutstanding`	2.04M	shares	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$719.90K	USD	Point-in-time
Inventories, net	`InventoryNet`	$12.27M	USD	Point-in-time
Inventories, net	`InventoryNet`	$17.67M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$291.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$117.77K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$1.67M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$1.17M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$38.96M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$49.75M	USD	Point-in-time
Investments in Available-For-Sale Securities	`AvailableForSaleSecuritiesNoncurrent`	$4.71M	USD	Point-in-time
Investments in Available-For-Sale Securities	`AvailableForSaleSecuritiesNoncurrent`	$3.93M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$4.90M	USD	Point-in-time
Property and Equipment, Net	`PropertyPlantAndEquipmentNet`	$4.58M	USD	Point-in-time
Cash Surrender Value of Life Insurance Policies	`CashSurrenderValueOfLifeInsurance`	$2.11M	USD	Point-in-time
Cash Surrender Value of Life Insurance Policies	`CashSurrenderValueOfLifeInsurance`	$2.10M	USD	Point-in-time
Notes and Other Receivables - Long-term	`NotesAndLoansReceivableNetNoncurrent`	-	USD	Point-in-time
Notes and Other Receivables - Long-term	`NotesAndLoansReceivableNetNoncurrent`	$104.00K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$385.56K	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$317.53K	USD	Point-in-time
Intangible Assets, Net	`IntangibleAssetsNetExcludingGoodwill`	$863.13K	USD	Point-in-time
Intangible Assets, Net	`IntangibleAssetsNetExcludingGoodwill`	$1.11M	USD	Point-in-time
Goodwill	`Goodwill`	$3.99M	USD	Point-in-time
Goodwill	`Goodwill`	$275.41K	USD	Point-in-time
Total Assets	`Assets`	$52.15M	USD	Point-in-time
Total Assets	`Assets`	$65.93M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.41M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$7.00M	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$11.31K	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$7.83M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$6.84M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$1.82M	USD	Point-in-time
Short-term debt	`ShortTermBorrowings`	$1.86M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$20.05M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$15.72M	USD	Point-in-time
Long-Term Debt	`LongTermLineOfCredit`	$20.76M	USD	Point-in-time
Long-Term Debt	`LongTermLineOfCredit`	$4.83K	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$546.00K	USD	Point-in-time
Deferred Income Taxes	`DeferredTaxLiabilitiesNoncurrent`	$546.00K	USD	Point-in-time
Other Non-current Liabilities	`OtherLiabilitiesNoncurrent`	$615.24K	USD	Point-in-time
Other Non-current Liabilities	`OtherLiabilitiesNoncurrent`	$2.93M	USD	Point-in-time
Total Liabilities	`Liabilities`	$16.88M	USD	Point-in-time
Total Liabilities	`Liabilities`	$44.30M	USD	Point-in-time
Redeemable non-controlling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	-	USD	Point-in-time
Redeemable non-controlling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$1.08M	USD	Point-in-time
Commitments and Contingencies (Notes 8 and 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Notes 8 and 12)	`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, $.25 par value; 4,000,000 shares authorized, 2,042,789 shares issued and outstanding at September 30, 2016, 2,372,527 shares issued and outstanding at March 31, 2016	`CommonStockValue`	$593.13K	USD	Point-in-time
Common stock, $.25 par value; 4,000,000 shares authorized, 2,042,789 shares issued and outstanding at September 30, 2016, 2,372,527 shares issued and outstanding at March 31, 2016	`CommonStockValue`	$510.70K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.26M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$4.95M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$29.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$19.60M	USD	Point-in-time
Accumulated other comprehensive income (loss), net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-117.90K	USD	Point-in-time
Accumulated other comprehensive income (loss), net	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$119.23K	USD	Point-in-time
Total Air T, Inc. Stockholders' Equity	`StockholdersEquity`	$24.49M	USD	Point-in-time
Total Air T, Inc. Stockholders' Equity	`StockholdersEquity`	$34.77M	USD	Point-in-time
Non-controlling Interests	`MinorityInterest`	$-3.93M	USD	Point-in-time
Non-controlling Interests	`MinorityInterest`	$497.65K	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$32.30M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$35.27M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.56M	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$29.80M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$52.15M	USD	Point-in-time
Total Liabilities and Equity	`LiabilitiesAndStockholdersEquity`	$65.93M	USD	Point-in-time

Income Statement 116 line items

Line Item	Tag	Value	Unit	Period
Operating Revenues	`Revenues`	$67.01M	USD	2 Qtrs
Operating Revenues	`Revenues`	$38.52M	USD	1 Quarter
Operating Revenues	`Revenues`	$44.65M	USD	1 Quarter
Operating Revenues	`Revenues`	$69.02M	USD	2 Qtrs
Flight-air cargo	`FlightairCargo`	$15.77M	USD	2 Qtrs
Flight-air cargo	`FlightairCargo`	$9.40M	USD	1 Quarter
Flight-air cargo	`FlightairCargo`	$19.00M	USD	2 Qtrs
Flight-air cargo	`FlightairCargo`	$10.02M	USD	1 Quarter
Maintenance-air cargo	`MaintenanceairCargo`	$10.71M	USD	2 Qtrs
Maintenance-air cargo	`MaintenanceairCargo`	$5.35M	USD	1 Quarter
Maintenance-air cargo	`MaintenanceairCargo`	$5.26M	USD	1 Quarter
Maintenance-air cargo	`MaintenanceairCargo`	$10.56M	USD	2 Qtrs
Ground equipment sales	`GroundEquipmentExpense`	$12.18M	USD	2 Qtrs
Ground equipment sales	`GroundEquipmentExpense`	$18.60M	USD	2 Qtrs
Ground equipment sales	`GroundEquipmentExpense`	$15.47M	USD	1 Quarter
Ground equipment sales	`GroundEquipmentExpense`	$8.76M	USD	1 Quarter
Ground support services	`GroundSupportExpenses`	$5.76M	USD	1 Quarter
Ground support services	`GroundSupportExpenses`	$11.16M	USD	2 Qtrs
Ground support services	`GroundSupportExpenses`	$5.06M	USD	1 Quarter
Ground support services	`GroundSupportExpenses`	$9.78M	USD	2 Qtrs
Printing equipment and maintenance	`PrintingEquipmentAndMaintenanceExpense`	$7.12M	USD	2 Qtrs
Printing equipment and maintenance	`PrintingEquipmentAndMaintenanceExpense`	-	USD	1 Quarter
Printing equipment and maintenance	`PrintingEquipmentAndMaintenanceExpense`	-	USD	2 Qtrs
Printing equipment and maintenance	`PrintingEquipmentAndMaintenanceExpense`	$1.12M	USD	1 Quarter
Commercial jet engines	`CommercialJetEngineExpense`	-	USD	1 Quarter
Commercial jet engines	`CommercialJetEngineExpense`	$787.54K	USD	1 Quarter
Commercial jet engines	`CommercialJetEngineExpense`	$787.54K	USD	2 Qtrs
Commercial jet engines	`CommercialJetEngineExpense`	-	USD	2 Qtrs
Leasing	`LeasingExpense`	-	USD	2 Qtrs
Leasing	`LeasingExpense`	$49.46K	USD	1 Quarter
Leasing	`LeasingExpense`	$49.46K	USD	2 Qtrs
Leasing	`LeasingExpense`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$239.92K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$750.88K	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	-	USD	2 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$7.47M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$10.97M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.66M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.14M	USD	1 Quarter
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$371.12K	USD	2 Qtrs
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$192.50K	USD	1 Quarter
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$353.67K	USD	1 Quarter
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$2.34M	USD	2 Qtrs
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	-	USD	2 Qtrs
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$-10.40K	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$-5.38K	USD	2 Qtrs
OperatingExpenses	`OperatingExpenses`	$37.50M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$39.15M	USD	1 Quarter
OperatingExpenses	`OperatingExpenses`	$75.07M	USD	2 Qtrs
OperatingExpenses	`OperatingExpenses`	$62.56M	USD	2 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$4.46M	USD	2 Qtrs
Operating Income (Loss)	`OperatingIncomeLoss`	$1.02M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$5.50M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-6.05M	USD	2 Qtrs
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	$429.08K	USD	1 Quarter
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	-	USD	2 Qtrs
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	$572.95K	USD	2 Qtrs
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	-	USD	1 Quarter
Foreign currency gain, net	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	2 Qtrs
Foreign currency gain, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$124.89K	USD	2 Qtrs
Foreign currency gain, net	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	1 Quarter
Foreign currency gain, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$33.10K	USD	1 Quarter
Other-than-temporary impairment loss on investments	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet`	-	USD	1 Quarter
Other-than-temporary impairment loss on investments	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet`	-	USD	2 Qtrs
Other-than-temporary impairment loss on investments	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet`	$1.50M	USD	2 Qtrs
Other-than-temporary impairment loss on investments	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet`	-	USD	1 Quarter
Other investment income, net	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other investment income, net	`OtherNonoperatingIncomeExpense`	$90.96K	USD	2 Qtrs
Other investment income, net	`OtherNonoperatingIncomeExpense`	-	USD	2 Qtrs
Other investment income, net	`OtherNonoperatingIncomeExpense`	$48.27K	USD	1 Quarter
Interest expense and other	`InterestExpense`	$29.63K	USD	2 Qtrs
Interest expense and other	`InterestExpense`	$77.37K	USD	1 Quarter
Interest expense and other	`InterestExpense`	$141.38K	USD	2 Qtrs
Interest expense and other	`InterestExpense`	$9.69K	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-29.63K	USD	2 Qtrs
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-9.69K	USD	1 Quarter
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$-854.82K	USD	2 Qtrs
NonoperatingIncomeExpense	`NonoperatingIncomeExpense`	$433.07K	USD	1 Quarter
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.91M	USD	2 Qtrs
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.43M	USD	2 Qtrs
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$5.49M	USD	1 Quarter
Income (Loss) Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.45M	USD	1 Quarter
Income Taxes	`IncomeTaxExpenseBenefit`	$1.37M	USD	2 Qtrs
Income Taxes	`IncomeTaxExpenseBenefit`	$1.70M	USD	1 Quarter
Income Taxes	`IncomeTaxExpenseBenefit`	$375.00K	USD	1 Quarter
Income Taxes	`IncomeTaxExpenseBenefit`	$3.00K	USD	2 Qtrs
Net Income (Loss)	`ProfitLoss`	$3.79M	USD	1 Quarter
Net Income (Loss)	`ProfitLoss`	$1.08M	USD	1 Quarter
Net Income (Loss)	`ProfitLoss`	$-6.91M	USD	2 Qtrs
Net Income (Loss)	`ProfitLoss`	$3.06M	USD	2 Qtrs
Net (Income) Loss Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net (Income) Loss Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-4.30M	USD	2 Qtrs
Net (Income) Loss Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$11.27K	USD	1 Quarter
Net (Income) Loss Attributable to Non-controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Net Income (Loss) Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$-2.61M	USD	2 Qtrs
Net Income (Loss) Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$1.07M	USD	1 Quarter
Net Income (Loss) Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$3.79M	USD	1 Quarter
Net Income (Loss) Attributable to Air T, Inc. Stockholders	`NetIncomeLoss`	$3.06M	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.29	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.52	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.60	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-1.18	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.58	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-1.18	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.28	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.21M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.37M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.37M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	2.04M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.21M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.40M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.05M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	2.40M	shares	1 Quarter

Cash Flow Statement 92 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$3.79M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.08M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-6.91M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$3.06M	USD	2 Qtrs
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	$429.08K	USD	1 Quarter
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	-	USD	2 Qtrs
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	$572.95K	USD	2 Qtrs
Gain on sale of marketable securities	`MarketableSecuritiesRealizedGainLossExcludingOtherThanTemporaryImpairments`	-	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	-	USD	2 Qtrs
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$-10.40K	USD	1 Quarter
Gain on sale of property and equipment	`GainLossOnDispositionOfAssets1`	$-5.38K	USD	2 Qtrs
Change in accounts receivable and inventory reserves	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$-61.62K	USD	2 Qtrs
Change in accounts receivable and inventory reserves	`IncreaseDecreaseInLiabilityForClaimsAndClaimsAdjustmentExpenseReserve`	$2.48M	USD	2 Qtrs
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$371.12K	USD	2 Qtrs
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$192.50K	USD	1 Quarter
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$353.67K	USD	1 Quarter
Depreciation, amortization and impairment	`DepreciationAmortizationAndImpairment`	$2.34M	USD	2 Qtrs
Change in cash surrender value of life insurance	`IncreaseDecreaseInInsuranceAssets`	$14.57K	USD	2 Qtrs
Change in cash surrender value of life insurance	`IncreaseDecreaseInInsuranceAssets`	$12.37K	USD	2 Qtrs
Warranty reserve.	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-83.00K	USD	2 Qtrs
Warranty reserve.	`ProductWarrantyAccrualPeriodIncreaseDecrease`	$-28.25K	USD	2 Qtrs
Other-than-temporary impairment loss on investments	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet`	-	USD	1 Quarter
Other-than-temporary impairment loss on investments	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet`	-	USD	2 Qtrs
Other-than-temporary impairment loss on investments	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet`	$1.50M	USD	2 Qtrs
Other-than-temporary impairment loss on investments	`OtherThanTemporaryImpairmentLossesInvestmentsPortionRecognizedInEarningsNet`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.36M	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$8.33M	USD	2 Qtrs
Notes receivable and other non-trade receivables	`IncreaseDecreaseInReceivables`	$1.56M	USD	2 Qtrs
Notes receivable and other non-trade receivables	`IncreaseDecreaseInReceivables`	$-111.27K	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$3.21M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$6.08M	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-487.46K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-115.06K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.02M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$3.00M	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-58.76K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$797.29K	USD	2 Qtrs
Income taxes payable/ receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$397.33K	USD	2 Qtrs
Income taxes payable/ receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-1.10M	USD	2 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-442.87K	USD	2 Qtrs
Non-current liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	-	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-7.04M	USD	2 Qtrs
Total adjustments	`AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities`	$-6.84M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.98M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-13.75M	USD	2 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$2.51M	USD	2 Qtrs
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$1.86M	USD	2 Qtrs
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$5.25M	USD	2 Qtrs
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	2 Qtrs
Net cash flow from business combination	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$4.03M	USD	2 Qtrs
Net cash flow from business combination	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$513.43K	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$293.94K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$391.47K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$911.04K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$10.74K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$19.16K	USD	2 Qtrs
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$3.32K	USD	2 Qtrs
Increase in restricted cash	`IncreaseDecreaseInRestrictedCash`	$3.41K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.19M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-2.36M	USD	2 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$14.29M	USD	2 Qtrs
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$40.37M	USD	2 Qtrs
Payment on line of credit	`RepaymentsOfLinesOfCredit`	$19.61M	USD	2 Qtrs
Payment on line of credit	`RepaymentsOfLinesOfCredit`	$17.91M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$7.92M	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$12.80M	USD	2 Qtrs
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-3.62M	USD	2 Qtrs
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-7.39K	USD	2 Qtrs
Effect of foreign currency exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	-	USD	2 Qtrs
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.15M	USD	2 Qtrs
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.96M	USD	2 Qtrs
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.43M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.35M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.19M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$13.39M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.43M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.35M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.19M	USD	Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$13.39M	USD	Point-in-time
Finished goods inventory transferred to equipment leased to customers	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$321.35K	USD	2 Qtrs
Finished goods inventory transferred to equipment leased to customers	`NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1`	$1.14M	USD	2 Qtrs
Change in fair value of marketable securities	`ChangeInFairValueOfMarketableSecurities`	$-866.43K	USD	2 Qtrs
Change in fair value of marketable securities	`ChangeInFairValueOfMarketableSecurities`	$-1.02M	USD	2 Qtrs
Non-controlling interest in acquired business	`NoncontrollingInterestIncreaseFromBusinessCombination`	-	USD	2 Qtrs
Non-controlling interest in acquired business	`NoncontrollingInterestIncreaseFromBusinessCombination`	$1.07M	USD	2 Qtrs
Interest	`InterestPaid`	$45.12K	USD	2 Qtrs
Interest	`InterestPaid`	$61.77K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$267.13K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$400.33K	USD	2 Qtrs

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$32.30M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$35.27M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.56M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$29.80M	USD	Point-in-time
Net income	`NetIncomeLoss`	$-2.61M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$1.07M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.79M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.06M	USD	2 Qtrs
Net change from marketable securities, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$309.31K	USD	2 Qtrs
Net change from marketable securities, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-554.51K	USD	2 Qtrs
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$32.30M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$35.27M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$20.56M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$29.80M	USD	Point-in-time
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$7.92M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$3.79M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.08M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-6.91M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$3.06M	USD	2 Qtrs
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	-	USD	2 Qtrs
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-39.63K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-189.94K	USD	2 Qtrs

Comprehensive Income 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$3.79M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$1.08M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-6.91M	USD	2 Qtrs
Net income (loss)	`ProfitLoss`	$3.06M	USD	2 Qtrs
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	-	USD	2 Qtrs
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-39.63K	USD	1 Quarter
Foreign currency translation loss	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-189.94K	USD	2 Qtrs
Unrealized net gains (losses) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-427.13K	USD	1 Quarter
Unrealized net gains (losses) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-446.75K	USD	2 Qtrs
Unrealized net gains (losses) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-866.43K	USD	2 Qtrs
Unrealized net gains (losses) on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$534.61K	USD	1 Quarter
Tax effect of net unrealized (gains) losses on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$192.46K	USD	1 Quarter
Tax effect of net unrealized (gains) losses on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-160.83K	USD	2 Qtrs
Tax effect of net unrealized (gains) losses on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-153.77K	USD	1 Quarter
Tax effect of net unrealized (gains) losses on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$-311.92K	USD	2 Qtrs
Total unrealized net gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-273.36K	USD	1 Quarter
Total unrealized net gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$342.15K	USD	1 Quarter
Total unrealized net gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-554.51K	USD	2 Qtrs
Total unrealized net gain (loss) on marketable securities, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-285.92K	USD	2 Qtrs
Reclassification of other-than-temporary impairment losses on marketable securities included in net loss, net of losses (gains) on sale of marketable securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent`	$-429.08K	USD	1 Quarter
Reclassification of other-than-temporary impairment losses on marketable securities included in net loss, net of losses (gains) on sale of marketable securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent`	-	USD	2 Qtrs
Reclassification of other-than-temporary impairment losses on marketable securities included in net loss, net of losses (gains) on sale of marketable securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent`	$929.29K	USD	2 Qtrs
Reclassification of other-than-temporary impairment losses on marketable securities included in net loss, net of losses (gains) on sale of marketable securities	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent`	-	USD	1 Quarter
Tax effect of reclassification	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	-	USD	2 Qtrs
Tax effect of reclassification	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$334.06K	USD	2 Qtrs
Tax effect of reclassification	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-154.95K	USD	1 Quarter
Tax effect of reclassification	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	-	USD	1 Quarter
Reclassification adjustment, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	1 Quarter
Reclassification adjustment, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$595.23K	USD	2 Qtrs
Reclassification adjustment, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	$-274.12K	USD	1 Quarter
Reclassification adjustment, net of tax	`OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent`	-	USD	2 Qtrs
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$28.40K	USD	1 Quarter
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-273.36K	USD	1 Quarter
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-554.51K	USD	2 Qtrs
Total Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$119.37K	USD	2 Qtrs
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-6.79M	USD	2 Qtrs
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$3.52M	USD	1 Quarter
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$1.11M	USD	1 Quarter
Total Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$2.50M	USD	2 Qtrs
Comprehensive Loss Attributable to Non-controlling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive Loss Attributable to Non-controlling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-4.42M	USD	2 Qtrs
Comprehensive Loss Attributable to Non-controlling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-13.26K	USD	1 Quarter
Comprehensive Loss Attributable to Non-controlling Interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Comprehensive Income (Loss) Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$-2.37M	USD	2 Qtrs
Comprehensive Income (Loss) Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$1.12M	USD	1 Quarter
Comprehensive Income (Loss) Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$2.50M	USD	2 Qtrs
Comprehensive Income (Loss) Attributable to Air T, Inc. Stockholders	`ComprehensiveIncomeNetOfTax`	$3.52M	USD	1 Quarter

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