v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ 84,651 $ (5,411)
Adjustments to reconcile Net Income (Loss) to net cash (used in) provided by operating activities:    
Depreciation and amortization 12,340 4,356
Loss (Income) from equity method investments 1,740 (1,700)
Gain on sale of aircraft on lease (7,034) 0
Gain on bargain purchase (111,190) 0
Other 4,813 3,832
Change in operating assets and liabilities:    
Accounts receivable (3,347) (1,808)
Inventories (24,091) 20,630
Accounts payable 16,341 2,710
Accrued expenses 5,761 1,087
Other current assets (2,851) 264
Other (2,177) (464)
Net cash (used in) provided by operating activities (25,044) 23,496
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in unconsolidated entities (15,249) (7,027)
Distribution from unconsolidated entities 5,441 6,030
Capital expenditures related to property & equipment (16,483) (1,081)
Capital expenditures related to assets on lease or held for lease 0 (14,598)
Proceeds from sale of aircraft on lease 19,889 0
Loan advances to Bloomia (1,450) (3,750)
Loan advances to other unrelated entity 9,286 0
Proceeds from notes receivable - CAM and Bloomia 2,540 400
Acquisition of businesses, net of cash acquired (6,710) 0
Other (495) (163)
Net cash used in investing activities (21,803) (20,189)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from lines of credit 144,976 136,515
Payments on lines of credit (135,527) (131,376)
Proceeds from term loan 76,320 24,877
Proceeds from issuance of Trust Preferred Securities ("TruPs") 3,101 910
Repurchase of common stock (28) (1,445)
Distribution to non-controlling interest (3,685) (489)
Other (714) 1,247
Net cash provided by (used in) financing activities 65,399 (4,801)
Effect of foreign currency exchange rates on cash and cash equivalents (39) 408
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 18,513 (1,086)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 6,757 7,843
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 25,270 6,757
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Operating cash payments for operating leases 3,664 2,260
Cash paid during the year for income taxes 850 983
Cash and cash equivalents 20,332 5,932
Restricted cash 4,938 575
Restricted cash, long-term [1]   250
Total cash and cash equivalents and restricted cash at beginning of period 25,270 6,757
Nonrelated party    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on term loan (15,389) (35,040)
Related party    
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments on term loan $ (3,655) $ 0
[1] Included in other assets on the consolidated balance sheets.