XML 77 R66.htm IDEA: XBRL DOCUMENT v3.25.2
Financing Arrangements - Schedule of Long-term Debt (Details) - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Debt Instrument [Line Items]    
Long-term debt, gross $ 124,413 $ 110,704
Unamortized Premiums and Debt Issuance Costs (571) (379)
Long-term Debt 123,842 110,325
Proceeds from issuance of debt 1,600  
Unsecured debt | Contrail Debt    
Debt Instrument [Line Items]    
Long-term debt, gross 8,143 11,877
Unsecured debt | Revolving Credit Facility    
Debt Instrument [Line Items]    
Long-term debt, gross 23,406 15,877
Notes payable | Wolfe Lake Debt    
Debt Instrument [Line Items]    
Long-term debt, gross 8,989 9,059
Notes payable | Air T Acquisition 22.1    
Debt Instrument [Line Items]    
Long-term debt, gross 5,903 5,880
Notes payable | WASI Debt    
Debt Instrument [Line Items]    
Long-term debt, gross 280 398
Notes payable | AAM 24-1 Debt    
Debt Instrument [Line Items]    
Long-term debt, gross 40,000 30,000
Notes payable | MAC Debt    
Debt Instrument [Line Items]    
Long-term debt, gross 2,242 2,271
Revolver - Alerus | Unsecured debt | Revolving Credit Facility    
Debt Instrument [Line Items]    
Long-term debt, gross $ 12,924 6,050
Interest rate stated percentage (as a percentage) 5.00%  
Basis spread on variable rate (as a percentage) 2.00%  
Unused commitments $ 1,076  
Overline Note Alerus | Unsecured debt | Revolving Credit Facility | Alerus Loan Parties    
Debt Instrument [Line Items]    
Interest rate stated percentage (as a percentage) 5.00%  
Basis spread on variable rate (as a percentage) 2.00%  
Unused commitments $ 3,000  
Term Note A - Alerus | Unsecured debt | Revolving Credit Facility    
Debt Instrument [Line Items]    
Long-term debt, gross $ 9,444 9,827
Interest rate stated percentage (as a percentage) 5.00%  
Basis spread on variable rate (as a percentage) 2.00%  
Term Note C - Alerus | Unsecured debt | Revolving Credit Facility | Alerus Loan Parties    
Debt Instrument [Line Items]    
Long-term debt, gross $ 1,038  
Interest rate stated percentage (as a percentage) 5.00%  
Basis spread on variable rate (as a percentage) 2.25%  
Revolver - ONB | Unsecured debt | Contrail Debt    
Debt Instrument [Line Items]    
Long-term debt, gross $ 18 3,127
Basis spread on variable rate (as a percentage) 3.56%  
Unused commitments $ 24,982  
Term Note J - ONB | Unsecured debt | Contrail Debt    
Debt Instrument [Line Items]    
Long-term debt, gross $ 8,125 8,750
Basis spread on variable rate (as a percentage) 3.86%  
Term Loan - Bridgewater | Notes payable | Wolfe Lake Debt    
Debt Instrument [Line Items]    
Long-term debt, gross $ 8,989 9,059
Interest rate stated percentage (as a percentage) 3.65%  
Term Loan - Bridgewater | Notes payable | Air T Acquisition 22.1    
Debt Instrument [Line Items]    
Long-term debt, gross $ 3,500 3,500
Interest rate stated percentage (as a percentage) 4.00%  
Term Loan A - ING | Notes payable | Air T Acquisition 22.1    
Debt Instrument [Line Items]    
Long-term debt, gross $ 1,231 1,298
Interest rate stated percentage (as a percentage) 3.50%  
Term Loan B - ING | Notes payable | Air T Acquisition 22.1    
Debt Instrument [Line Items]    
Long-term debt, gross $ 1,172 1,082
Interest rate stated percentage (as a percentage) 4.00%  
Promissory Note - Seller's Note | Notes payable | WASI Debt    
Debt Instrument [Line Items]    
Long-term debt, gross $ 280 398
Interest rate stated percentage (as a percentage) 6.00%  
Promissory Notes - Honeywell | Notes payable | AAM 24-1 Debt    
Debt Instrument [Line Items]    
Long-term debt, gross $ 40,000 30,000
Interest rate stated percentage (as a percentage) 8.50%  
Term Loan - Bank of America, N.A. | Notes payable | MAC Debt    
Debt Instrument [Line Items]    
Long-term debt, gross $ 2,242 2,271
Term Loan - Bank of America, N.A. | Notes payable | MAC Debt | Maximum    
Debt Instrument [Line Items]    
Basis spread on variable rate (as a percentage) 1.75%  
Term Loan - Bank of America, N.A. | Notes payable | MAC Debt | Minimum    
Debt Instrument [Line Items]    
Basis spread on variable rate (as a percentage) 0.11%  
Parent company | Unsecured debt    
Debt Instrument [Line Items]    
Long-term debt, gross $ 35,450 35,342
Parent company | Debt - Trust Preferred Securities | Unsecured debt    
Debt Instrument [Line Items]    
Long-term debt, gross $ 35,450 $ 35,342
Interest rate stated percentage (as a percentage) 8.00%  
Subsidiaries    
Debt Instrument [Line Items]    
Proceeds from issuance of debt $ 13,000