AIR T INC
For the period ended Mar 31, 2025. Filed Jun 27, 2025.
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FY2025 · Filed Jun 27, 2025
AIRT$29.08+1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Equity for the Years Ended and
CONSOLIDATED STATEMENTS OF EQUITY
| (In thousands) · Common Stock · Treasury Stock | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | AdditionalPaid-InCapital | RetainedEarnings | AccumulatedOtherComprehensiveIncome (Loss) | Non-controllingInterests* | TotalEquity | |
| Balance, March 31, 2023 | 3,027 | $757 | 208 | $(4,083) | $728 | $13,686 | $816 | $1,078 | $12,982 |
| Net loss* | — | — | — | — | — | (6,819) | — | (28) | (6,847) |
| Repurchase of common stock | — | — | 49 | (876) | — | — | — | — | (876) |
| Exercise of stock options | 3 | 1 | — | — | 25 | — | — | — | 26 |
| Stock compensation expense | — | — | — | — | 106 | — | — | — | 106 |
| Foreign currency translation loss | — | — | — | — | — | — | (93) | — | (93) |
| Adjustment to fair value of redeemable non-controlling interest | — | — | — | — | — | 1,325 | — | — | 1,325 |
| Unrealized gain of interest rate swaps | — | — | — | — | — | — | 20 | — | 20 |
| Reclassification of interest rate swaps into earnings | — | — | — | — | — | — | (823) | — | (823) |
| Balance, March 31, 2024 | 3,030 | $758 | 257 | $(4,959) | $859 | $8,192 | $(80) | $1,050 | $5,820 |
*Excludes amount attributable to redeemable non-controlling interest in Contrail and Shanwick.
| (In thousands) · Common Stock · Treasury Stock | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | AdditionalPaid-InCapital | RetainedEarnings | AccumulatedOtherComprehensiveIncome (Loss) | Non-controllingInterests* | TotalEquity | |
| Balance, March 31, 2024 | 3,030 | $758 | 257 | $(4,959) | $859 | $8,192 | $(80) | $1,050 | $5,820 |
| Net loss* | — | — | — | — | — | (6,140) | — | 16 | (6,124) |
| Declared distributions to non-controlling interests | — | — | — | — | — | — | — | (98) | (98) |
| Repurchase of common stock | — | — | 71 | (1,445) | — | — | — | — | (1,445) |
| Stock option forfeiture (Note 14) | — | — | — | — | (54) | — | — | — | (54) |
| Stock compensation expense | — | — | — | — | 142 | — | — | — | 142 |
| Foreign currency translation gain | — | — | — | — | — | — | 407 | — | 407 |
| Redemption of non-controlling interest | — | — | — | — | — | 78 | 146 | — | 224 |
| Reclassification of interest rate swaps into earnings | — | — | — | — | — | — | (1,351) | — | (1,351) |
| Initial consolidation of CASP, LLC | — | — | — | — | — | — | — | 730 | 730 |
| Allocation of comprehensive income from unconsolidated investments | — | — | — | — | — | — | (3) | — | (3) |
| Allocation of comprehensive income to redeemable non-controlling interests | — | — | — | — | — | — | 234 | — | 234 |
| Balance, March 31, 2025 | 3,030 | $758 | 328 | $(6,404) | $947 | $2,130 | $(647) | $1,698 | $(1,518) |
*Excludes amount attributable to redeemable non-controlling interest in Contrail and Shanwick.
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