XML 71 R61.htm IDEA: XBRL DOCUMENT v3.23.3
Financing Arrangements - Long-term Debt (Details) - USD ($)
$ in Thousands
6 Months Ended
Jun. 23, 2023
May 26, 2023
Sep. 30, 2023
Mar. 31, 2023
Jan. 07, 2022
Aug. 31, 2021
Debt Instrument            
Long-term debt, gross     $ 108,819 $ 125,914    
Unamortized Debt Issuance Costs     (761) (829)    
Total Debt, net     108,058 125,085    
Unsecured Debt | AirCo 1 Debt            
Debt Instrument            
Long-term debt, gross     6,393 6,393    
Unsecured Debt | Jet Yard Debt            
Debt Instrument            
Long-term debt, gross     1,801 1,844    
Unsecured Debt | Contrail Debt            
Debt Instrument            
Long-term debt, gross     28,139 50,621 $ 43,600  
Interest rate stated percentage (as a percentage)         4.68%  
Notes Payable to Banks | Delphax Solutions Debt            
Debt Instrument            
Long-term debt, gross     29 30    
Notes Payable to Banks | Wolfe Lake Debt            
Debt Instrument            
Long-term debt, gross     9,459 9,586    
Notes Payable to Banks | Air T Acquisition 22.1            
Debt Instrument            
Long-term debt, gross     7,784 8,198    
Notes Payable to Banks | WASI Debt            
Debt Instrument            
Long-term debt, gross     1,065 1,279    
Revolver - MBT | Unsecured Debt | Maximum | SOFR            
Debt Instrument            
Basis spread on variable rate (as a percentage) 3.25%          
Revolver - MBT | Unsecured Debt | Minimum | SOFR            
Debt Instrument            
Basis spread on variable rate (as a percentage) 2.25%          
Term Loan - PSB | Unsecured Debt | AirCo 1 Debt            
Debt Instrument            
Long-term debt, gross     $ 6,393 6,393    
Term Loan - PSB | Unsecured Debt | AirCo 1 | 3 Month SOFR            
Debt Instrument            
Basis spread on variable rate (as a percentage)   3.26% 3.26%      
Term Loan - MBT | Unsecured Debt | Jet Yard Debt            
Debt Instrument            
Long-term debt, gross     $ 1,801 1,844    
Interest rate stated percentage (as a percentage)     4.14%      
Revolver - ONB | Unsecured Debt | Contrail Debt            
Debt Instrument            
Long-term debt, gross     $ 3,221 12,441    
Unused commitments     $ 21,779      
Revolver - ONB | Unsecured Debt | Contrail Debt | 1 Month SOFR            
Debt Instrument            
Basis spread on variable rate (as a percentage)   3.56% 3.56%      
Term Loan G - ONB | Unsecured Debt | Contrail Debt            
Debt Instrument            
Long-term debt, gross     $ 24,918 38,180    
Term Loan G - ONB | Unsecured Debt | Contrail Debt | 1 Month SOFR            
Debt Instrument            
Basis spread on variable rate (as a percentage)   3.11% 3.11%      
Canadian Emergency Business Account Loan | Notes Payable to Banks | Delphax Solutions Debt            
Debt Instrument            
Long-term debt, gross     $ 29 30    
Interest rate stated percentage (as a percentage)     5.00%      
Term Loan - Bridgewater | Notes Payable to Banks | Wolfe Lake Debt            
Debt Instrument            
Long-term debt, gross     $ 9,459 9,586    
Interest rate stated percentage (as a percentage)     3.65%      
Term Loan - Bridgewater | Notes Payable to Banks | Air T Acquisition 22.1            
Debt Instrument            
Long-term debt, gross     $ 4,500 4,500    
Interest rate stated percentage (as a percentage)     4.00%      
Term Loan A - ING | Notes Payable to Banks | Air T Acquisition 22.1            
Debt Instrument            
Long-term debt, gross     $ 2,225 2,610    
Interest rate stated percentage (as a percentage)     3.50%      
Term Loan B - ING | Notes Payable to Banks | Air T Acquisition 22.1            
Debt Instrument            
Long-term debt, gross     $ 1,059 1,088    
Interest rate stated percentage (as a percentage)     4.00%      
Promissory Note - Seller's Note | Notes Payable to Banks | WASI Debt            
Debt Instrument            
Long-term debt, gross     $ 1,065 1,279    
Interest rate stated percentage (as a percentage)     6.00%      
Parent Company | Unsecured Debt            
Debt Instrument            
Long-term debt, gross     $ 54,149 47,963    
Parent Company | Revolver - MBT | Unsecured Debt            
Debt Instrument            
Long-term debt, gross     16,395 8,742    
Unused commitments     $ 2,605      
Parent Company | Revolver - MBT | Unsecured Debt | Maximum | SOFR            
Debt Instrument            
Basis spread on variable rate (as a percentage)     3.25%      
Parent Company | Revolver - MBT | Unsecured Debt | Minimum | SOFR            
Debt Instrument            
Basis spread on variable rate (as a percentage)     2.25%      
Parent Company | Term Note A - MBT | Unsecured Debt            
Debt Instrument            
Long-term debt, gross     $ 7,363 7,762    
Interest rate stated percentage (as a percentage)     3.42%     3.42%
Parent Company | Term Note B - MBT | Unsecured Debt            
Debt Instrument            
Long-term debt, gross     $ 2,599 2,740    
Interest rate stated percentage (as a percentage)     3.42%      
Parent Company | Term Note D - MBT | Unsecured Debt            
Debt Instrument            
Long-term debt, gross     $ 1,304 1,338    
Interest rate stated percentage (as a percentage)     5.09%      
Parent Company | Term Note D - MBT | Unsecured Debt | 1-month LIBOR            
Debt Instrument            
Basis spread on variable rate (as a percentage)     2.00%      
Parent Company | Term Note E - MBT | Unsecured Debt            
Debt Instrument            
Long-term debt, gross     $ 0 800    
Interest rate stated percentage (as a percentage)     2.50%      
Parent Company | Term Note E - MBT | Unsecured Debt | SOFR            
Debt Instrument            
Basis spread on variable rate (as a percentage)     1.50%      
Parent Company | Term Note F - MBT | Unsecured Debt            
Debt Instrument            
Long-term debt, gross     $ 883 983    
Parent Company | Term Note F - MBT | Unsecured Debt | Prime Rate            
Debt Instrument            
Basis spread on variable rate (as a percentage)     6.00%      
Interest rate stated percentage (as a percentage)     1.00%      
Parent Company | Debt - Trust Preferred Securities | Unsecured Debt            
Debt Instrument            
Long-term debt, gross     $ 25,605 $ 25,598    
Interest rate stated percentage (as a percentage)     8.00%