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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Treasury Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interests
Balance at the beginning (in shares) at Mar. 31, 2022   3,023,000          
Balance at the beginning at Mar. 31, 2022 $ 25,717 $ 756 $ (3,002) $ 393 $ 26,729 $ (263) $ 1,104
Balance at the beginning (in shares) at Mar. 31, 2022     156,000        
Increase (Decrease) in Stockholders' Equity              
Net loss [1] (1,439)       (1,433)   (6)
Stock compensation expense 79     79      
Foreign currency translation loss (529)         (529)  
Adjustment to fair value of redeemable non-controlling interest 926       926    
Unrealized gain on interest rate swaps, net of tax 475         475  
Reclassification of interest rate swaps into earnings 17         17  
Balance at the end (in shares) at Jun. 30, 2022   3,023,000          
Balance at the end at Jun. 30, 2022 25,246 $ 756 $ (3,002) 472 26,222 (300) 1,098
Balance at the end (in shares) at Jun. 30, 2022     156,000        
Balance at the beginning (in shares) at Mar. 31, 2022   3,023,000          
Balance at the beginning at Mar. 31, 2022 25,717 $ 756 $ (3,002) 393 26,729 (263) 1,104
Balance at the beginning (in shares) at Mar. 31, 2022     156,000        
Increase (Decrease) in Stockholders' Equity              
Foreign currency translation loss (1,135)            
Reclassification of interest rate swaps into earnings 34            
Balance at the end (in shares) at Sep. 30, 2022   3,026,000          
Balance at the end at Sep. 30, 2022 23,939 $ 757 $ (3,353) 571 24,802 68 1,094
Balance at the end (in shares) at Sep. 30, 2022     175,000        
Balance at the beginning (in shares) at Jun. 30, 2022   3,023,000          
Balance at the beginning at Jun. 30, 2022 25,246 $ 756 $ (3,002) 472 26,222 (300) 1,098
Balance at the beginning (in shares) at Jun. 30, 2022     156,000        
Increase (Decrease) in Stockholders' Equity              
Net loss [1] (1,236)       (1,232)   (4)
Repurchase of common stock (in shares)     19,000        
Repurchase of common stock (351)   $ (351)        
Exercises of stock options (in shares)   3,000          
Exercise of stock options 21 $ 1   20      
Stock compensation expense 79     79      
Foreign currency translation loss (606)         (606)  
Adjustment to fair value of redeemable non-controlling interest (188)       (188)    
Unrealized gain on interest rate swaps, net of tax 957         957  
Reclassification of interest rate swaps into earnings 17         17  
Balance at the end (in shares) at Sep. 30, 2022   3,026,000          
Balance at the end at Sep. 30, 2022 $ 23,939 $ 757 $ (3,353) 571 24,802 68 1,094
Balance at the end (in shares) at Sep. 30, 2022     175,000        
Balance at the beginning (in shares) at Mar. 31, 2023 2,818,374 3,027,000          
Balance at the beginning at Mar. 31, 2023 $ 12,982 $ 757 $ (4,083) 728 13,686 816 1,078
Balance at the beginning (in shares) at Mar. 31, 2023 208,121   208,000        
Increase (Decrease) in Stockholders' Equity              
Net loss [1] $ (540)       (531)   (9)
Repurchase of common stock (in shares)     1,000        
Repurchase of common stock (15)   $ (15)        
Stock compensation expense 79     79      
Foreign currency translation loss (65)         (65)  
Adjustment to fair value of redeemable non-controlling interest 134       134    
Unrealized gain on interest rate swaps, net of tax 24         24  
Reclassification of interest rate swaps into earnings (192)         (192)  
Balance at the end (in shares) at Jun. 30, 2023   3,027,000          
Balance at the end at Jun. 30, 2023 $ 12,407 $ 757 $ (4,098) 807 13,289 583 1,069
Balance at the end (in shares) at Jun. 30, 2023     209,000        
Balance at the beginning (in shares) at Mar. 31, 2023 2,818,374 3,027,000          
Balance at the beginning at Mar. 31, 2023 $ 12,982 $ 757 $ (4,083) 728 13,686 816 1,078
Balance at the beginning (in shares) at Mar. 31, 2023 208,121   208,000        
Increase (Decrease) in Stockholders' Equity              
Foreign currency translation loss $ (235)            
Reclassification of interest rate swaps into earnings $ (380)            
Balance at the end (in shares) at Sep. 30, 2023 2,821,504 3,030,000          
Balance at the end at Sep. 30, 2023 $ 10,954 $ 758 $ (4,098) 911 12,092 241 1,050
Balance at the end (in shares) at Sep. 30, 2023 208,741   209,000        
Balance at the beginning (in shares) at Jun. 30, 2023   3,027,000          
Balance at the beginning at Jun. 30, 2023 $ 12,407 $ 757 $ (4,098) 807 13,289 583 1,069
Balance at the beginning (in shares) at Jun. 30, 2023     209,000        
Increase (Decrease) in Stockholders' Equity              
Net loss [1] $ (1,628)       (1,609)   (19)
Exercises of stock options (in shares) 3,000            
Exercise of stock options $ 26 $ 1   25      
Stock compensation expense 79     79      
Foreign currency translation loss (170)         (170)  
Adjustment to fair value of redeemable non-controlling interest 412       412    
Unrealized gain on interest rate swaps, net of tax 16         16  
Reclassification of interest rate swaps into earnings $ (188)         (188)  
Balance at the end (in shares) at Sep. 30, 2023 2,821,504 3,030,000          
Balance at the end at Sep. 30, 2023 $ 10,954 $ 758 $ (4,098) $ 911 $ 12,092 $ 241 $ 1,050
Balance at the end (in shares) at Sep. 30, 2023 208,741   209,000        
[1] Excludes amount attributable to redeemable non-controlling interests in Contrail Aviation Support, LLC ("Contrail") and Shanwick B.V. ("Shanwick")