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CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common Stock
Treasury Stock
Additional Paid-In Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interests
Balance at the beginning at Mar. 31, 2021 $ 14,714 $ 756 $ (2,617) $ 0 $ 16,270 $ (684) $ 989
Balance at the beginning (in shares) at Mar. 31, 2021   3,023,000          
Balance at the beginning (in shares) at Mar. 31, 2021     141,000        
Increase (Decrease) in Stockholders' Equity              
Net income (loss) [1] 442       289   153
Foreign currency translation gain (loss) (49)         (49)  
Adjustment to fair value of redeemable non-controlling interest (238)       (238)    
Unrealized gain (loss) on interest rate swaps, net of tax 11         11  
Reclassification of interest rate swaps into earnings (1)         (1)  
Balance at the end at Jun. 30, 2021 14,879 $ 756 $ (2,617) 0 16,321 (723) 1,142
Balance at the end (in shares) at Jun. 30, 2021   3,023,000          
Balance at the end (in shares) at Jun. 30, 2021     141,000        
Balance at the beginning at Mar. 31, 2021 14,714 $ 756 $ (2,617) 0 16,270 (684) 989
Balance at the beginning (in shares) at Mar. 31, 2021   3,023,000          
Balance at the beginning (in shares) at Mar. 31, 2021     141,000        
Increase (Decrease) in Stockholders' Equity              
Foreign currency translation gain (loss) 73            
Unrealized gain (loss) on interest rate swaps, net of tax 37            
Balance at the end at Dec. 31, 2021 21,295 $ 756 $ (2,617) 315 22,283 (555) 1,113
Balance at the end (in shares) at Dec. 31, 2021   3,023,000          
Balance at the end (in shares) at Dec. 31, 2021     141,000        
Balance at the beginning at Jun. 30, 2021 14,879 $ 756 $ (2,617) 0 16,321 (723) 1,142
Balance at the beginning (in shares) at Jun. 30, 2021   3,023,000          
Balance at the beginning (in shares) at Jun. 30, 2021     141,000        
Increase (Decrease) in Stockholders' Equity              
Net income (loss) [1] 7,543       7,555   (12)
Stock compensation expense 236     236      
Foreign currency translation gain (loss) 103         103  
Adjustment to fair value of redeemable non-controlling interest 183       183    
Unrealized gain (loss) on interest rate swaps, net of tax 46         46  
Reclassification of interest rate swaps into earnings (2)         (2)  
Balance at the end at Sep. 30, 2021 22,988 $ 756 $ (2,617) 236 24,059 (576) 1,130
Balance at the end (in shares) at Sep. 30, 2021   3,023,000          
Balance at the end (in shares) at Sep. 30, 2021     141,000        
Increase (Decrease) in Stockholders' Equity              
Net income (loss) (1,279)       (1,262)   (17)
Stock compensation expense 79     79      
Foreign currency translation gain (loss) 19         19  
Adjustment to fair value of redeemable non-controlling interest (514)       (514)    
Unrealized gain (loss) on interest rate swaps, net of tax (20)         (20)  
Reclassification of interest rate swaps into earnings 22         22  
Balance at the end at Dec. 31, 2021 21,295 $ 756 $ (2,617) 315 22,283 (555) 1,113
Balance at the end (in shares) at Dec. 31, 2021   3,023,000          
Balance at the end (in shares) at Dec. 31, 2021     141,000        
Balance at the beginning at Mar. 31, 2022 $ 25,717 $ 756 $ (3,002) 393 26,729 (263) 1,104
Balance at the beginning (in shares) at Mar. 31, 2022 2,866,418 3,023,000          
Balance at the beginning (in shares) at Mar. 31, 2022 156,327   156,000        
Increase (Decrease) in Stockholders' Equity              
Net income (loss) [1] $ (1,439)       (1,433)   (6)
Stock compensation expense 79     79      
Foreign currency translation gain (loss) (529)         (529)  
Adjustment to fair value of redeemable non-controlling interest 926       926    
Unrealized gain (loss) on interest rate swaps, net of tax 475         475  
Reclassification of interest rate swaps into earnings 17         17  
Balance at the end at Jun. 30, 2022 25,246 $ 756 $ (3,002) 472 26,222 (300) 1,098
Balance at the end (in shares) at Jun. 30, 2022   3,023,000          
Balance at the end (in shares) at Jun. 30, 2022     156,000        
Balance at the beginning at Mar. 31, 2022 $ 25,717 $ 756 $ (3,002) 393 26,729 (263) 1,104
Balance at the beginning (in shares) at Mar. 31, 2022 2,866,418 3,023,000          
Balance at the beginning (in shares) at Mar. 31, 2022 156,327   156,000        
Increase (Decrease) in Stockholders' Equity              
Foreign currency translation gain (loss) $ (360)            
Unrealized gain (loss) on interest rate swaps, net of tax 1,371            
Balance at the end at Dec. 31, 2022 $ 22,452 $ 757 $ (3,995) 650 23,153 800 1,087
Balance at the end (in shares) at Dec. 31, 2022 2,821,996 3,026,000          
Balance at the end (in shares) at Dec. 31, 2022 204,499   204,000        
Balance at the beginning at Jun. 30, 2022 $ 25,246 $ 756 $ (3,002) 472 26,222 (300) 1,098
Balance at the beginning (in shares) at Jun. 30, 2022   3,023,000          
Balance at the beginning (in shares) at Jun. 30, 2022     156,000        
Increase (Decrease) in Stockholders' Equity              
Net income (loss) [1] (1,236)       (1,232)   (4)
Repurchase of common stock (351)   $ (351)        
Repurchase of common stock (in shares)     19,000        
Exercise of stock options 21 $ 1   20      
Exercises of stock options (in shares)   3,000          
Stock compensation expense 79     79      
Foreign currency translation gain (loss) (606)         (606)  
Adjustment to fair value of redeemable non-controlling interest (188)       (188)    
Unrealized gain (loss) on interest rate swaps, net of tax 957         957  
Reclassification of interest rate swaps into earnings 17         17  
Balance at the end at Sep. 30, 2022 23,939 $ 757 $ (3,353) 571 24,802 68 1,094
Balance at the end (in shares) at Sep. 30, 2022   3,026,000          
Balance at the end (in shares) at Sep. 30, 2022     175,000        
Increase (Decrease) in Stockholders' Equity              
Net income (loss) [1] (597)       (590)   (7)
Repurchase of common stock (642)   $ (642)        
Repurchase of common stock (in shares)     29,000        
Stock compensation expense 79     79      
Foreign currency translation gain (loss) 775         775  
Adjustment to fair value of redeemable non-controlling interest (1,059)       (1,059)    
Unrealized gain (loss) on interest rate swaps, net of tax (61)         (61)  
Reclassification of interest rate swaps into earnings 18         18  
Balance at the end at Dec. 31, 2022 $ 22,452 $ 757 $ (3,995) $ 650 $ 23,153 $ 800 $ 1,087
Balance at the end (in shares) at Dec. 31, 2022 2,821,996 3,026,000          
Balance at the end (in shares) at Dec. 31, 2022 204,499   204,000        
[1] Excludes amount attributable to redeemable non-controlling interests in Contrail Aviation Support, LLC ("Contrail") and Shanwick B.V. ("Shanwick")