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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, 2023   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     208,000        
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 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   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     208,000        
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   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     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 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 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   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     209,000        
Balance at the beginning (in shares) at Mar. 31, 2024 2,775,163 3,030,000          
Balance at the beginning at Mar. 31, 2024 $ 5,820 $ 758 $ (4,959) 859 8,192 (80) 1,050
Balance at the beginning (in shares) at Mar. 31, 2024 256,850   257,000        
Increase (Decrease) in Stockholders' Equity              
Net (loss) income [1] $ (340)       (335)   (5)
Repurchase of common stock (in shares)     13,000        
Repurchase of common stock (301)   $ (301)        
Stock option forfeiture (Note 16) (25)     (25)      
Stock compensation expense 42     42      
Foreign currency translation (loss) gain (50)         (50)  
Redemption of non-controlling interest 224       78 146  
Unrealized gain on interest rate swaps, net of tax 1         1  
Reclassification of interest rate swaps into earnings (203)         (203)  
Balance at the end (in shares) at Jun. 30, 2024   3,030,000          
Balance at the end at Jun. 30, 2024 $ 5,168 $ 758 $ (5,260) 876 7,935 (186) 1,045
Balance at the end (in shares) at Jun. 30, 2024     270,000        
Balance at the beginning (in shares) at Mar. 31, 2024 2,775,163 3,030,000          
Balance at the beginning at Mar. 31, 2024 $ 5,820 $ 758 $ (4,959) 859 8,192 (80) 1,050
Balance at the beginning (in shares) at Mar. 31, 2024 256,850   257,000        
Increase (Decrease) in Stockholders' Equity              
Foreign currency translation (loss) gain $ 54            
Reclassification of interest rate swaps into earnings $ (558)            
Balance at the end (in shares) at Dec. 31, 2024 2,742,259 3,030,000          
Balance at the end at Dec. 31, 2024 $ 6,905 $ 758 $ (5,631) 908 9,158 (79) 1,791
Balance at the end (in shares) at Dec. 31, 2024 287,986   288,000        
Balance at the beginning (in shares) at Jun. 30, 2024   3,030,000          
Balance at the beginning at Jun. 30, 2024 $ 5,168 $ 758 $ (5,260) 876 7,935 (186) 1,045
Balance at the beginning (in shares) at Jun. 30, 2024     270,000        
Increase (Decrease) in Stockholders' Equity              
Net (loss) income [1] 2,519       2,520   (1)
Stock option forfeiture (Note 16) (28)     (28)      
Stock compensation expense 30     30      
Foreign currency translation (loss) gain 719         719  
Reclassification of interest rate swaps into earnings (148)         (148)  
Initial consolidation of CASP, LLC 730           730
Allocation of comprehensive income from unconsolidated investments 2         2  
Allocation of comprehensive income to redeemable non-controlling interests (183)         (183)  
Balance at the end (in shares) at Sep. 30, 2024   3,030,000          
Balance at the end at Sep. 30, 2024 8,809 $ 758 $ (5,260) 878 10,455 204 1,774
Balance at the end (in shares) at Sep. 30, 2024     270,000        
Increase (Decrease) in Stockholders' Equity              
Net (loss) income [1] (1,280)       (1,297)   17
Repurchase of common stock (in shares)     18,000        
Repurchase of common stock (371)   $ (371)        
Stock compensation expense 30     30      
Foreign currency translation (loss) gain (615)         (615)  
Reclassification of interest rate swaps into earnings (207)         (207)  
Allocation of comprehensive income from unconsolidated investments 8         8  
Allocation of comprehensive income to redeemable non-controlling interests $ 531         531  
Balance at the end (in shares) at Dec. 31, 2024 2,742,259 3,030,000          
Balance at the end at Dec. 31, 2024 $ 6,905 $ 758 $ (5,631) $ 908 $ 9,158 $ (79) $ 1,791
Balance at the end (in shares) at Dec. 31, 2024 287,986   288,000        
[1] Excludes amount attributable to redeemable non-controlling interests in Contrail Aviation Support, LLC ("Contrail") and Shanwick B.V. ("Shanwick")