XML 17 R7.htm IDEA: XBRL DOCUMENT v3.24.0.1
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) income [1] (1,439)       (1,433)   (6)
Stock compensation expense 79     79      
Foreign currency translation (loss) gain (529)         (529)  
Adjustment to fair value of redeemable non-controlling interest 926       926    
Unrealized gain (loss) 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) gain (360)            
Reclassification of interest rate swaps into earnings 52            
Balance at the end (in shares) at Dec. 31, 2022   3,026,000          
Balance at the end at Dec. 31, 2022 22,452 $ 757 $ (3,995) 650 23,153 800 1,087
Balance at the end (in shares) at Dec. 31, 2022     204,000        
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) income [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) gain (606)         (606)  
Adjustment to fair value of redeemable non-controlling interest (188)       (188)    
Unrealized gain (loss) 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        
Increase (Decrease) in Stockholders' Equity              
Net (loss) income [1] (597)       (590)   (7)
Repurchase of common stock (in shares)     29,000        
Repurchase of common stock (642)   $ (642)        
Stock compensation expense 79     79      
Foreign currency translation (loss) gain 775         775  
Adjustment to fair value of redeemable non-controlling interest (1,059)       (1,059)    
Unrealized gain (loss) on interest rate swaps, net of tax (61)         (61)  
Reclassification of interest rate swaps into earnings 18         18  
Balance at the end (in shares) at Dec. 31, 2022   3,026,000          
Balance at the end at Dec. 31, 2022 $ 22,452 $ 757 $ (3,995) 650 23,153 800 1,087
Balance at the end (in shares) at Dec. 31, 2022     204,000        
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) income [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) gain (65)         (65)  
Adjustment to fair value of redeemable non-controlling interest 134       134    
Unrealized gain (loss) 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) gain $ (19)            
Reclassification of interest rate swaps into earnings $ (568)            
Balance at the end (in shares) at Dec. 31, 2023 2,821,504 3,030,000          
Balance at the end at Dec. 31, 2023 $ 7,954 $ 758 $ (4,098) 990 9,014 231 1,059
Balance at the end (in shares) at Dec. 31, 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) income [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) gain (170)         (170)  
Adjustment to fair value of redeemable non-controlling interest 412       412    
Unrealized gain (loss) 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   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     209,000        
Increase (Decrease) in Stockholders' Equity              
Net (loss) income [1] (2,970)       (2,979)   9
Stock compensation expense 79     79      
Foreign currency translation (loss) gain 216         216  
Adjustment to fair value of redeemable non-controlling interest (99)       (99)    
Unrealized gain (loss) on interest rate swaps, net of tax (38)         (38)  
Reclassification of interest rate swaps into earnings $ (188)         (188)  
Balance at the end (in shares) at Dec. 31, 2023 2,821,504 3,030,000          
Balance at the end at Dec. 31, 2023 $ 7,954 $ 758 $ (4,098) $ 990 $ 9,014 $ 231 $ 1,059
Balance at the end (in shares) at Dec. 31, 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")