Financing Arrangements (Tables)

3 Months Ended

Jun. 30, 2022

Debt Disclosure [Abstract]

Schedule of Debt

The following table provides certain information about the current financing arrangements of the Company's and its subsidiaries as of June 30, 2022:

(In Thousands)	June 30, 2022		March 31, 2022		Maturity Date	Interest Rate	Unused commitments at June 30, 2022
Air T Debt
Revolver - MBT	$	14,068	$	10,969	8/31/2023	Greater of 2.50% or Prime - 1.00%	$	2,932
Overline Note - MBT	—		—		3/31/20231	Greater of 2.50% or Prime + 0.50%	$	5,000
Term Note A - MBT	8,350		8,542		8/31/2031	3.42%
Term Note B - MBT	2,946		3,014		8/31/2031	3.42%
Term Note D - MBT	1,388		1,405		1/1/2028	1-month LIBOR + 2.00%
Term Note E - MBT	1,997		2,316		6/25/2025	Greater of LIBOR + 1.50% or 2.50%
Debt - Trust Preferred Securities	25,586		25,567		6/7/2049	8.00%
Total	54,335		51,813
AirCo 1 Debt
Term Loan - Park State Bank	6,393		6,393		12/11/2025	3-month LIBOR + 3.00%
Total	6,393		6,393
Jet Yard Debt
Term Loan - MBT	1,919		1,943		8/31/2031	4.14%
Total	1,919		1,943
Contrail Debt
Revolver - Old National Bank ("ONB")	—		3,843		9/5/2023	1-month LIBOR + 3.45%	$	25,000
Term Loan G - ONB	44,918		44,918		11/24/2025	1-month LIBOR + 3.00%
Term Loan H - ONB	14,875		8,698		8/18/2023	Wall Street Journal (WSJ) Prime Rate + 0.75%
Total	59,793		57,459
Delphax Solutions Debt
Canadian Emergency Business Account Loan	31		32		12/31/2025	5.00%
Total	31		32
Wolfe Lake Debt
Term Loan - Bridgewater	9,776		9,837		12/2/2031	3.65%
Total	9,776		9,837
Air T Acquisition 22.1
Term Loan - Bridgewater	5,000		5,000		2/8/2027	4.00%
Term Loan A - ING	2,960		3,341		2/1/2027	3.50%
Term Loan B - ING	1,039		1,114		5/1/2027	4.00%
Total	8,999		9,455
Total Debt	141,246		136,932
Less: Unamortized Debt Issuance Costs	(1,065)		(1,124)
Total Debt, net	$	140,181	$	135,808

Schedule of Maturities of Long-term Debt

At June 30, 2022, our contractual financing obligations, including payments due by period, are as follows (in thousands):

Due by	Amount
June 30, 2023	$	2,607
June 30, 2024	39,098
June 30, 2025	12,207
June 30, 2026	39,111
June 30, 2027	5,168
Thereafter	43,055
	141,246
Less: Unamortized Debt Issuance Costs	(1,065)
	$	140,181