XML 75 R64.htm IDEA: XBRL DOCUMENT v3.25.0.1
Financing Arrangements - Schedule of Long-term Debt (Details) - USD ($)
$ in Thousands
9 Months Ended
Aug. 29, 2024
Dec. 31, 2024
Mar. 31, 2024
Feb. 26, 2024
Jan. 07, 2022
Aug. 31, 2021
Debt Instrument [Line Items]            
Long-term debt, gross   $ 123,470 $ 113,459      
Unamortized Premiums and Debt Issuance Costs   (595) (533)      
Total Debt, net   122,875 112,926      
Unsecured debt | Revolving Credit Facility            
Debt Instrument [Line Items]            
Long-term debt, gross   21,573 0      
Jet Yard Debt | Unsecured debt            
Debt Instrument [Line Items]            
Long-term debt, gross   0 1,749      
Contrail Debt | Unsecured debt            
Debt Instrument [Line Items]            
Long-term debt, gross   16,423 28,394   $ 43,600  
Interest rate stated percentage (as a percentage)         4.68%  
AirCo 1 Debt | Unsecured debt            
Debt Instrument [Line Items]            
Long-term debt, gross   4,475 5,434      
Wolfe Lake Debt | Notes payable            
Debt Instrument [Line Items]            
Long-term debt, gross   9,128 9,327      
Air T Acquisition 22.1 | Notes payable            
Debt Instrument [Line Items]            
Long-term debt, gross   6,441 7,027      
WASI Debt | Notes payable            
Debt Instrument [Line Items]            
Long-term debt, gross   513 849      
AAM 24-1 Debt | Notes payable            
Debt Instrument [Line Items]            
Long-term debt, gross   30,000 15,000      
Term Loan - MBT | Jet Yard Debt | Unsecured debt            
Debt Instrument [Line Items]            
Long-term debt, gross   $ 0 1,749      
Interest rate stated percentage (as a percentage)   4.14%        
Revolver - Alerus | Unsecured debt | Revolving Credit Facility            
Debt Instrument [Line Items]            
Long-term debt, gross   $ 9,113 0      
Unused commitments   $ 4,887        
Revolver - Alerus | Unsecured debt | SOFR | Revolving Credit Facility            
Debt Instrument [Line Items]            
Interest rate stated percentage (as a percentage)   5.00%        
Basis spread on variable rate (as a percentage)   2.00%        
Term Note A - Alerus | Unsecured debt | Revolving Credit Facility            
Debt Instrument [Line Items]            
Long-term debt, gross   $ 10,210 0      
Interest rate stated percentage (as a percentage) 5.00%          
Basis spread on variable rate (as a percentage) 2.00%          
Term Note A - Alerus | Unsecured debt | SOFR | Revolving Credit Facility            
Debt Instrument [Line Items]            
Interest rate stated percentage (as a percentage)   5.00%        
Basis spread on variable rate (as a percentage)   2.00%        
Term Note B - Alerus | Unsecured debt | Revolving Credit Facility            
Debt Instrument [Line Items]            
Long-term debt, gross   $ 2,250 0      
Interest rate stated percentage (as a percentage) 5.00%          
Basis spread on variable rate (as a percentage) 2.00%          
Term Note B - Alerus | Unsecured debt | SOFR | Revolving Credit Facility            
Debt Instrument [Line Items]            
Interest rate stated percentage (as a percentage)   5.00%        
Basis spread on variable rate (as a percentage)   2.00%        
Revolver - ONB | Contrail Debt | Unsecured debt            
Debt Instrument [Line Items]            
Long-term debt, gross   $ 7,048 3,476      
Unused commitments   $ 17,952        
Revolver - ONB | Contrail Debt | Unsecured debt | SOFR            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percentage)   3.56%        
Term Loan G - ONB | Contrail Debt | Unsecured debt            
Debt Instrument [Line Items]            
Long-term debt, gross   $ 0 14,918      
Term Loan G - ONB | Contrail Debt | Unsecured debt | SOFR            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percentage)   3.11%        
Term Note I - ONB | Contrail Debt | Unsecured debt            
Debt Instrument [Line Items]            
Long-term debt, gross   $ 0 10,000      
Term Note I - ONB | Contrail Debt | Unsecured debt | SOFR            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percentage)   3.11%        
Term Note J - ONB | Contrail Debt | Unsecured debt            
Debt Instrument [Line Items]            
Long-term debt, gross   $ 9,375 0      
Term Note J - ONB | Contrail Debt | Unsecured debt | SOFR            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percentage)   3.86%        
Term Loan - PSB | AirCo 1 Debt | Unsecured debt            
Debt Instrument [Line Items]            
Long-term debt, gross   $ 4,475 5,434      
Term Loan - PSB | AirCo 1 Debt | Unsecured debt | SOFR            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percentage)   3.26%        
Term Loan - Bridgewater | Wolfe Lake Debt | Notes payable            
Debt Instrument [Line Items]            
Long-term debt, gross   $ 9,128 9,327      
Interest rate stated percentage (as a percentage)   3.65%        
Term Loan - Bridgewater | Air T Acquisition 22.1 | Notes payable            
Debt Instrument [Line Items]            
Long-term debt, gross   $ 4,000 4,000      
Interest rate stated percentage (as a percentage)   4.00%        
Term Loan A - ING | Air T Acquisition 22.1 | Notes payable            
Debt Instrument [Line Items]            
Long-term debt, gross   $ 1,402 1,946      
Interest rate stated percentage (as a percentage)   3.50%        
Term Loan B - ING | Air T Acquisition 22.1 | Notes payable            
Debt Instrument [Line Items]            
Long-term debt, gross   $ 1,039 1,081      
Interest rate stated percentage (as a percentage)   4.00%        
Promissory Note - Seller's Note | WASI Debt | Notes payable            
Debt Instrument [Line Items]            
Long-term debt, gross   $ 513 849      
Interest rate stated percentage (as a percentage)   6.00%        
Promissory Notes - Honeywell | AAM 24-1 Debt | Notes payable            
Debt Instrument [Line Items]            
Long-term debt, gross   $ 30,000 15,000      
Interest rate stated percentage (as a percentage)   8.50%   8.50%    
Parent company | Unsecured debt            
Debt Instrument [Line Items]            
Long-term debt, gross   $ 34,917 45,679      
Parent company | Revolver - MBT | Unsecured debt            
Debt Instrument [Line Items]            
Long-term debt, gross   $ 0 0      
Parent company | Revolver - MBT | Unsecured debt | Minimum | SOFR            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percentage)   2.25%        
Parent company | Revolver - MBT | Unsecured debt | Maximum | SOFR            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percentage)   3.25%        
Parent company | Term Loan A - MBT | Unsecured debt            
Debt Instrument [Line Items]            
Long-term debt, gross   $ 0 6,955      
Interest rate stated percentage (as a percentage)   3.42%       3.42%
Parent company | Term Loan B - MBT | Unsecured debt            
Debt Instrument [Line Items]            
Long-term debt, gross   $ 0 2,456      
Interest rate stated percentage (as a percentage)   3.42%        
Parent company | Term Loan D - MBT | Unsecured debt            
Debt Instrument [Line Items]            
Long-term debt, gross   $ 0 1,271      
Parent company | Term Loan D - MBT | Unsecured debt | 1-month LIBOR            
Debt Instrument [Line Items]            
Basis spread on variable rate (as a percentage)   2.00%        
Parent company | Term Note F - MBT | Unsecured debt            
Debt Instrument [Line Items]            
Long-term debt, gross   $ 0 783      
Parent company | Term Note F - MBT | Unsecured debt | Prime Rate            
Debt Instrument [Line Items]            
Interest rate stated percentage (as a percentage)   1.00%        
Basis spread on variable rate (as a percentage)   6.00%        
Parent company | Debt - Trust Preferred Securities | Unsecured debt            
Debt Instrument [Line Items]            
Long-term debt, gross   $ 34,917 $ 34,214      
Interest rate stated percentage (as a percentage)   8.00%