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Financing Arrangements (Tables)
9 Months Ended
Dec. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Debt
(In Thousands)December 31,
2019
March 31,
2019
Maturity DateInterest RateUnused commitments
  Revolver - MB&T$13,608  $12,403  February 28, 2020Prime - 1%$3,392  
  Term Note A - MB&T8,000  8,750  January 1, 20281-month LIBOR + 2%
  Term Note B - MB&T4,000  4,375  January 1, 20284.5%  
  Term Note D - MB&T1,557  1,607  January 1, 20281-month LIBOR + 2%
Debt - Trust Preferred Securities10,292  —  June 7, 20498%  
Note - MB&T10,000  —  June 30, 20201-month LIBOR + 1.25% or 3%
Air T Debt47,457  27,135  
Revolver - MB&T—  3,820  May 21, 20197.5%  
Revolver - MB&T9,327  —  February 28, 2020greater of 6.50% or Prime + 2%  673
Term Loan - MB&T—  450  December 17, 20197.50%  
Term Loan - MB&T—  400  June 17, 20207.25%  
Term Loan - Park State—  2,100  June 17, 20208.50%  
AirCo Debt9,327  6,770  
Revolver11,652  —  September 5, 20211-month LIBOR + 3%  8,348
Term Loan A6,808  8,617  January 26, 20211-month LIBOR + 3.75%  
Term Loan B—  15,500  September 14, 20211-month LIBOR + 3.75%  
Term Loan C9,621  —  August 1, 20241-month LIBOR + 3.75%  
Term Loan D—  —  October 30, 20211-month LIBOR + 3.75%  
Term Loan E6,895  —  December 1, 20221-month LIBOR + 3.75%  
Contrail Debt - Old National34,976  24,117  
Total Debt91,760  58,022  
Less: Unamortized Debt Issuance Costs(261) (369) 
Total Debt, net$91,499  $57,653  
Schedule of Maturities of Long-term Debt At December 31, 2019, our contractual financing obligations, including payments due by period, are as follows (in thousands):
Due byAmount
December 31, 2020$51,504  
December 31, 202112,795  
December 31, 20226,601  
December 31, 20233,279  
December 31, 20241,567  
Thereafter16,014  
91,760  
Less: Unamortized Debt Issuance Costs(261) 
$91,499  
Schedule of Warrant Fair Value
Fair Value Measurement
as of December 31, 2019
Warrant liability (Level 2)$588,308