Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Mar. 31, 2020
Current Assets:
Cash and cash equivalents	$ 4,253	$ 5,952
Marketable securities	2,158	1,677
Restricted cash	8,616	9,619
Restricted investments	991	1,085
Accounts receivable, net of allowance for doubtful accounts of $1,250 and $680	10,302	13,077
Income tax receivable	3,237	1,174
Inventories, net	70,965	60,623
Other current assets	4,778	5,279
Total Current Assets	105,300	98,486
Assets on lease or held for lease, net of accumulated depreciation of $3,319 and $6,526	18,064	27,945
Property and equipment, net of accumulated depreciation of $4,631 and $4,319	6,095	5,272
Right-of-use assets	8,097	8,116
Equity method investments	3,945	5,208
Goodwill	4,227	4,227
Other assets	2,673	2,173
Total Assets	148,401	151,427
Current Liabilities:
Accounts payable	9,134	10,864
Accrued expenses and other (Note 4)	12,294	13,024
Current portion of long-term debt	46,363	42,684
Short-term lease liability	1,325	1,174
Total Current Liabilities	69,116	67,746
Long-term debt	44,250	43,136
Deferred income tax liabilities, net	588	579
Long-term lease liability	7,397	7,473
Other non-current liabilities	1,380	1,402
Total Liabilities	122,731	120,336
Redeemable non-controlling interest	5,000	6,080
Commitments and contingencies (Note 15)
Equity:
Preferred stock, $1.00 par value, 50,000 shares authorized	0	0
Common stock, $.25 par value; 4,000,000 shares authorized, 3,022,745 shares issued, 2,881,853 shares outstanding	756	756
Treasury stock, 140,892 shares at $18.58	(2,617)	(2,617)
Additional paid-in capital	2,175	2,636
Retained earnings	20,007	23,768
Accumulated other comprehensive loss	(643)	(537)
Total Air T, Inc. Stockholders' Equity	19,678	24,006
Non-controlling Interests	992	1,005
Total Equity	20,670	25,011
Total Liabilities and Equity	$ 148,401	$ 151,427