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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ 1,751 $ (3,744)
Adjustments to reconcile Net Income (Loss) to net cash provided by operating activities:    
Depreciation and amortization 3,038 2,088
Income from equity method investments (4,930) (2,477)
Other 3,219 1,458
Change in operating assets and liabilities:    
Accounts receivable (2,131) 8,865
Inventories 21,293 17,061
Accounts payable (4,840) 3,087
Accrued expenses 741 (1,105)
Employee retention credit receivable 0 940
Other 1,236 (3,028)
Net cash provided by operating activities 19,377 23,145
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in unconsolidated entities (2,292) (1,086)
Distribution from unconsolidated entities 4,624 2,087
Capital expenditures related to property & equipment (932) (678)
Capital expenditures related to assets on lease or held for lease (14,598) 0
Disbursements for note receivable - Lendway (3,500) 0
Other (102) (104)
Net cash (used in) provided by investing activities (16,800) 219
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from lines of credit 105,336 84,735
Payments on lines of credit (93,212) (99,426)
Proceeds from term loan 24,850 0
Payments on term loan (28,667) (17,116)
Proceeds from issuance of Trust Preferred Securities ("TruPs") 548 7,285
Other (868) (629)
Net cash provided by (used in) financing activities 7,987 (25,151)
Effect of foreign currency exchange rates on cash and cash equivalents 360 (116)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 10,924 (1,903)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 7,843 7,090
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 18,767 5,187
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:    
Equipment in inventory transferred to assets on lease 112 0
Assumption of liabilities to acquire assets on lease 720 0
Non-cash contribution from non-controlling interest 475 0
Contingent earnout for Contrail Aviation Support, LLC ("Contrail") redeemed interest 1,104 0
Related-party note payable for Contrail redeemed interest 4,570 0
Due from CAM expense reimbursements converted into notes receivable - CAM $ 2,500 $ 0