Financing Arrangements (Tables)

6 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Schedule of Debt

(In Thousands)	September 30, 2020		March 31, 2020		Maturity Date	Interest Rate	Unused commitments
Air T Debt
Revolver - MB&T	$	942	$	—	August 31, 2021	Greater of 2.5% or Prime - 1%	$	16,058
Supplemental Revolver- MBT	—		9,550		June 30, 2020	Greater of 1-month LIBOR + 1.25% and 3%
Term Note A - MB&T	7,250		7,750		January 1, 2028	1-month LIBOR + 2%
Term Note B - MB&T	3,625		3,875		January 1, 2028	4.50%
Term Note D - MB&T	1,506		1,540		January 1, 2028	1-month LIBOR + 2%
Term Note E - MBT	8,451		—		June 25, 2025	Greater of LIBOR + 1.5% or 2.5%
Debt - Trust Preferred Securities	12,877		12,877		June 7, 2049	8.00%
PPP Loan	8,215		—		April 10, 2022	1.00%
Total	42,866		35,592
AirCo 1 Debt
Revolver - MB&T	7,500		8,335		August 31, 2021	Greater of 6.50% or Prime + 2%	—
Total	7,500		8,335
Contrail Debt
Revolver - ONB	21,764		21,284		September 5, 2021	1-month LIBOR + 3.45%	18,236
Term Loan A - ONB	5,602		6,285		January 26, 2021	1-month LIBOR + 3.75%
Term Loan E - ONB	5,171		6,320		December 1, 2022	1-month LIBOR + 3.75%
Term Loan F - ONB	7,933		8,358		May 1, 2025	1-month LIBOR + 3.75%
Total	40,470		42,247
Delphax Solutions Debt
Canadian Emergency Business Account Loan	30		—		December 31, 2025	5.00%
Total	30		—
Total Debt	90,866		86,174
Less: Unamortized Debt Issuance Costs	(253)		(354)
Total Debt, net	$	90,613	$	85,820

Schedule of Maturities of Long-term Debt

At September 30, 2020, our contractual financing obligations, including payments due by period, are as follows (in thousands):

Due by	Amount
September 30, 2021	$	46,363
September 30, 2022	8,791
September 30, 2023	3,842
September 30, 2024	3,267
September 30, 2025	11,152
Thereafter	17,451
	90,866
Less: Unamortized Debt Issuance Costs	(253)
	$	90,613

Schedule of Warrant Fair Value

	Fair Value Measurement as of September 30, 2020
Warrant liability (Level 2)	$	485