XML 53 R57.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Financing Arrangements (Details Textual)
3 Months Ended 9 Months Ended 12 Months Ended
Oct. 30, 2019
USD ($)
Jun. 10, 2019
USD ($)
shares
Jun. 04, 2019
Dec. 31, 2019
USD ($)
$ / shares
shares
Sep. 30, 2019
USD ($)
Jun. 30, 2019
USD ($)
Dec. 31, 2018
USD ($)
Sep. 30, 2018
USD ($)
Dec. 31, 2019
USD ($)
$ / shares
shares
Dec. 31, 2018
USD ($)
Dec. 19, 2020
Dec. 19, 2019
USD ($)
Mar. 31, 2019
USD ($)
Debt Instrument [Line Items]                          
Common stock dividend rate percentage   50.00%                      
Stock split conversion ratio     1.5                    
Warrants exercised (in shares) | shares       2,516,916         2,516,916        
Long-term debt, gross       $ 91,760,000         $ 91,760,000       $ 58,022,000
Warrants outstanding and exercisable (in shares) | shares       5,883,084         5,883,084        
Exercise price of warrants (in USD per share) | $ / shares       $ 2.40         $ 2.40        
Face value price of warrant (in USD per share) | $ / shares       $ 2.50         $ 2.50        
Unrealized loss on interest rate swaps, net of tax       $ 94,000 $ (88,000) $ (176,000) $ (163,000) $ 29,000 $ (170,000) $ (134,000)      
Parent Company                          
Debt Instrument [Line Items]                          
Long-term debt, gross       47,457,000         47,457,000       27,135,000
MBT                          
Debt Instrument [Line Items]                          
Cash       10,000,000         10,000,000        
Interest Rate Swap                          
Debt Instrument [Line Items]                          
Fair value of interest-rate swap contracts       448,000         448,000       227,000
Unrealized loss on interest rate swaps, net of tax       94,000                  
Term Loan C                          
Debt Instrument [Line Items]                          
Principle sum face amount $ 7,553,165                        
Term Loan E                          
Debt Instrument [Line Items]                          
Principle sum face amount                       $ 6,894,790  
Note - MB&T | Parent Company                          
Debt Instrument [Line Items]                          
Long-term debt, gross       $ 10,000,000         $ 10,000,000       0
Note - MB&T | London Interbank Offered Rate (LIBOR) | Parent Company | Minimum                          
Debt Instrument [Line Items]                          
Basis spread on variable rate                 1.25%        
Note - MB&T | London Interbank Offered Rate (LIBOR) | Parent Company | Maximum                          
Debt Instrument [Line Items]                          
Basis spread on variable rate                 3.00%        
Term Note A - MB&T | MBT Credit Agreement | Interest Rate Swap | MBT                          
Debt Instrument [Line Items]                          
Fixed interest rate, percentage       4.56%         4.56%        
Term Note D - MB&T | MBT Credit Agreement | Interest Rate Swap | MBT                          
Debt Instrument [Line Items]                          
Fixed interest rate, percentage       5.09%         5.09%        
Revolving Credit Facility | MBT Credit Agreement                          
Debt Instrument [Line Items]                          
Principle sum face amount       $ 10,000,000         $ 10,000,000        
Air T Funding                          
Debt Instrument [Line Items]                          
Warrant term       1 year         1 year        
Air T Funding | Trust Preferred Capital Security                          
Debt Instrument [Line Items]                          
Shares issued during period | shares   1,600,000                      
Value of new issues   $ 4,000,000.0                      
Air T Funding | Warrant                          
Debt Instrument [Line Items]                          
Shares issued during period | shares   8,400,000                      
Value of new issues   $ 21,000,000.0                      
Contrail Aviation Inc.                          
Debt Instrument [Line Items]                          
Long-term debt, gross       $ 34,976,000         $ 34,976,000       24,117,000
Contrail Aviation Inc. | Term Loan C                          
Debt Instrument [Line Items]                          
Long-term debt, gross       9,621,000         $ 9,621,000       0
Contrail Aviation Inc. | Term Loan C | London Interbank Offered Rate (LIBOR)                          
Debt Instrument [Line Items]                          
Basis spread on variable rate                 3.75%        
Contrail Aviation Inc. | Term Loan D                          
Debt Instrument [Line Items]                          
Long-term debt, gross       0         $ 0       0
Contrail Aviation Inc. | Term Loan D | London Interbank Offered Rate (LIBOR)                          
Debt Instrument [Line Items]                          
Basis spread on variable rate 3.75%               3.75%        
Contrail Aviation Inc. | Term Loan E                          
Debt Instrument [Line Items]                          
Long-term debt, gross       $ 6,895,000         $ 6,895,000       $ 0
Contrail Aviation Inc. | Term Loan E | London Interbank Offered Rate (LIBOR)                          
Debt Instrument [Line Items]                          
Basis spread on variable rate                 3.75%   3.75%