v3.25.2
FINANCING ARRANGEMENTS - Narrative (Details)
ft² in Thousands
12 Months Ended
Feb. 21, 2025
USD ($)
Oct. 16, 2024
USD ($)
investor
shares
Sep. 12, 2024
USD ($)
Aug. 29, 2024
USD ($)
a
ft²
loan
May 30, 2024
USD ($)
Mar. 31, 2025
USD ($)
Aug. 26, 2024
Mar. 31, 2024
USD ($)
Feb. 26, 2024
USD ($)
May 05, 2021
Debt Instrument                    
Area of land | a       4.626            
Area of real estate property | ft²       13            
Long-term debt gross           $ 110,704,000   $ 113,459,000    
Weighted average interest rate (as a percentage)           7.68%   8.88%    
Line of Credit | Revolving Credit Facility                    
Debt Instrument                    
Basis spread on variable rate (as a percentage)           2.00%        
Line of credit maximum borrowing capacity           $ 14,000,000        
Interest rate, effective percentage (as a percentage)           5.00%        
Line of Credit | Secured Debt                    
Debt Instrument                    
Line of credit maximum borrowing capacity           $ 3,000,000        
Unsecured Debt                    
Debt Instrument                    
Guarantor obligations           1,600,000        
Notes payable | AAM 24-1 Debt                    
Debt Instrument                    
Long-term debt gross           $ 30,000,000   $ 15,000,000    
New Credit Agreement | Revolving Credit Facility                    
Debt Instrument                    
Minimum debt service coverage ratio           1.25        
Maximum debt service leverage ratio           3.00        
New Credit Agreement | Line of Credit | Revolving Credit Facility                    
Debt Instrument                    
Basis spread on variable rate (as a percentage)       2.00%            
Line of credit maximum borrowing capacity       $ 14,000,000            
Interest rate stated percentage (as a percentage)       5.00%            
New Credit Agreement, Letter of Credit | Line of Credit | Revolving Credit Facility                    
Debt Instrument                    
Line of credit maximum borrowing capacity       $ 3,000,000            
Term Note A - Alerus | Unsecured Debt | Revolving Credit Facility                    
Debt Instrument                    
Debt instrument, term       7 years            
Basis spread on variable rate (as a percentage)       2.00%            
Interest rate stated percentage (as a percentage)       5.00%            
Number of secured term loans (in loans) | loan       2            
Minimum net worth required for compliance       $ 10,700,000            
Payments due at maturity       $ 3,200,000            
Term Note B - Alerus | Unsecured Debt | Revolving Credit Facility                    
Debt Instrument                    
Debt instrument, term       25 years            
Basis spread on variable rate (as a percentage)       2.00%            
Interest rate stated percentage (as a percentage)       5.00%            
Minimum net worth required for compliance       $ 2,300,000            
Payments due at maturity       $ 1,800,000            
First Loan Year | Secured Debt                    
Debt Instrument                    
Prepayment premium (as a percent)       3.00%            
Second and Third Loan Years | Secured Debt                    
Debt Instrument                    
Interest rate, effective percentage (as a percentage)       2.00%            
Fourth and Fifth Loan Years | Secured Debt                    
Debt Instrument                    
Interest rate, effective percentage (as a percentage)       1.00%            
Term Note J | Secured, subordinated promissory note                    
Debt Instrument                    
Basis spread on variable rate (as a percentage)     3.86%              
Minimum net worth required for compliance     $ 10,000,000              
Debt instrument default amount     $ 15,000,000     $ 15,000,000        
Quarterly cash flow coverage ratio     1.25              
Repayments of debt     $ 4,600,000              
Promissory Notes - Institutional Investors | Notes payable | AAM 24-1 Debt                    
Debt Instrument                    
Interest rate stated percentage (as a percentage)           8.50%     8.50%  
Minimum net worth required for compliance                 $ 15,000,000  
Number of investors | investor   2                
Long-term debt gross           $ 30,000,000   $ 15,000,000    
Second Note Purchase Agreement | AAM 24-1 Debt                    
Debt Instrument                    
Shares issued (in shares) | shares   160,000                
Second Note Purchase Agreement | Senior Notes | AAM 24-1 Debt                    
Debt Instrument                    
Interest rate stated percentage (as a percentage)   8.50%                
Minimum net worth required for compliance   $ 30,000,000                
Bank Of American Term Loan | Line of Credit | Secured Debt                    
Debt Instrument                    
Quarterly cash flow coverage ratio 1.25                  
Long-term debt gross $ 2,300,000                  
Periodic payment, principal $ 9,500                  
Bank Of American Term Loan | Line of Credit | Secured Debt | Maximum                    
Debt Instrument                    
Basis spread on variable rate (as a percentage) 1.75%                  
Bank Of American Term Loan | Line of Credit | Secured Debt | Minimum                    
Debt Instrument                    
Basis spread on variable rate (as a percentage) 0.11%                  
Contrail Credit Agreement | Revolving Credit Facility                    
Debt Instrument                    
Minimum debt service coverage ratio           1.25        
Maximum debt service leverage ratio           1.25        
Air T Acquisition 22.1 | Revolving Credit Facility                    
Debt Instrument                    
Minimum debt service coverage ratio           1.10        
Maximum debt service leverage ratio           1.50        
CAM                    
Debt Instrument                    
Ownership interest in subsidiary         21.00%   95.00%     90.00%
OCAS, Inc, | CAM                    
Debt Instrument                    
Ownership interest sold (as a percentage)         16.00%          
Purchase price of redeemed interest         $ 4,600,000          
Debt instrument, term         3 years          
Bond yield period         10 years          
OCAS, Inc, | CAM | OCAS Loan | Secured, subordinated promissory note                    
Debt Instrument                    
Interest payment period         12 months          
Bond yield period         10 years          
Basis spread on variable rate (as a percentage)         3.75%