XML 17 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
Dec. 31, 2011
Operating Revenues:        
Overnight air cargo $ 12,416,819 $ 12,062,070 $ 35,201,746 $ 35,228,575
Ground equipment sales 10,945,263 10,940,354 27,774,440 26,285,380
Ground support services 3,341,186 2,647,621 9,377,307 6,158,505
26,703,268 25,650,045 72,353,493 67,672,460
Operating Expenses:        
Flight-air cargo 5,139,155 4,947,424 14,538,786 14,369,938
Maintenance-air cargo 5,672,376 5,533,222 15,701,258 15,781,339
Ground equipment sales 9,344,448 9,526,057 23,909,201 22,985,652
Ground support services 2,220,193 1,783,466 6,743,992 4,199,530
General and administrative 3,235,425 2,883,580 9,156,267 8,074,063
Depreciation and amortization 105,129 74,992 312,843 191,703
25,716,726 24,748,741 70,362,347 65,602,225
Operating Income 986,542 901,304 1,991,146 2,070,235
Non-operating Income:        
Interest income, net 3,218 5,424 4,059 27,365
3,218 5,424 4,059 27,365
Income Before Income Taxes 989,760 906,728 1,995,205 2,097,600
Income Taxes 357,000 328,000 718,000 758,000
Net Income $ 632,760 $ 578,728 $ 1,277,205 $ 1,339,600
Earnings Per Share:        
Basic (in Dollars per share) $ 0.26 $ 0.24 $ 0.52 $ 0.55
Diluted (in Dollars per share) $ 0.26 $ 0.24 $ 0.52 $ 0.55
Dividends Declared Per Share (in Dollars per share)     $ 0.25 $ 0.25
Weighted Average Shares Outstanding:        
Basic (in Shares) 2,446,286 2,446,286 2,446,286 2,442,959
Diluted (in Shares) 2,447,349 2,446,286 2,450,837 2,447,440