Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34 Filing Table of Contents
Document/ExhibitDescriptionPagesSize
1: 10-K Annual Report HTML 1.45M
2: EX-4.2 Instrument Defining the Rights of Security Holders HTML 49K
4: EX-10.100 Material Contract HTML 51K
5: EX-10.101 Material Contract HTML 51K
6: EX-10.102 Material Contract HTML 51K
7: EX-10.103 Material Contract HTML 51K
3: EX-10.99 Material Contract HTML 339K
8: EX-21.1 Subsidiaries List HTML 37K
9: EX-23.1 Consent of Experts or Counsel HTML 31K
10: EX-31.1 Certification -- §302 - SOA'02 HTML 37K
11: EX-31.2 Certification -- §302 - SOA'02 HTML 37K
12: EX-32.1 Certification -- §906 - SOA'02 HTML 32K
13: EX-32.2 Certification -- §906 - SOA'02 HTML 32K
110: R1 Cover Page HTML 99K
52: R2 Consolidated Statements of Income HTML 165K
38: R3 Consolidated Statements of Comprehensive Income HTML 63K
70: R4 Consolidated Statements of Comprehensive Income HTML 33K
(Parentheticals)
109: R5 Consolidated Balance Sheets HTML 177K
49: R6 Consolidated Balance Sheets (Parentheticals) HTML 59K
37: R7 Consolidated Statements of Cash Flows HTML 171K
73: R8 Consolidated Statements of Equity HTML 95K
107: R9 Summary of Significant Accounting Policies HTML 110K
82: R10 Discontinued Operations HTML 75K
119: R11 Major Customer HTML 33K
58: R12 Business Combinations HTML 59K
44: R13 Variable Interest Entities HTML 39K
81: R14 Fair Value of Financial Instruments HTML 65K
118: R15 Inventories HTML 51K
57: R16 Assets on Lease HTML 42K
43: R17 Property and Equipment HTML 44K
80: R18 Investments in Securities HTML 34K
120: R19 Equity Method Investments HTML 50K
60: R20 Accrued Expenses HTML 45K
21: R21 Lease Arrangements HTML 60K
86: R22 Financing Arrangements HTML 140K
98: R23 Related Party Matters HTML 36K
59: R24 Share Repurchase HTML 34K
20: R25 Employee and Non-Employee Stock Options HTML 71K
85: R26 Revenue Recognition HTML 109K
97: R27 Employee Benefits HTML 35K
61: R28 Income Taxes HTML 128K
19: R29 Quarterly Financial Information (Unaudited) HTML 182K
40: R30 Geographical Information HTML 63K
55: R31 Segment Information HTML 98K
121: R32 Earnings Per Common Share HTML 77K
83: R33 Commitments and Contingencies HTML 35K
41: R34 Subsequent Events HTML 41K
56: R35 Summary of Significant Accounting Policies HTML 134K
(Policies)
122: R36 Summary of Significant Accounting Policies HTML 50K
(Tables)
84: R37 Discontinued Operations (Tables) HTML 79K
42: R38 Business Combinations (Tables) HTML 58K
54: R39 Fair Value of Financial Instruments (Tables) HTML 63K
27: R40 Inventories (Tables) HTML 53K
68: R41 Assets on Lease (Tables) HTML 40K
99: R42 Property and Equipment (Tables) HTML 44K
87: R43 Equity Method Investments (Tables) HTML 44K
28: R44 Accrued Expenses (Tables) HTML 45K
69: R45 Lease Arrangements (Tables) HTML 59K
100: R46 Financing Arrangements (Tables) HTML 129K
88: R47 Employee and Non-Employee Stock Options (Tables) HTML 69K
29: R48 Revenue Recognition (Tables) HTML 97K
67: R49 Income Taxes (Tables) HTML 124K
51: R50 Quarterly Financial Information (Unaudited) HTML 182K
(Tables)
39: R51 Geographical Information (Tables) HTML 65K
72: R52 Segment Information (Tables) HTML 99K
111: R53 Earnings Per Common Share (Tables) HTML 77K
50: R54 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - HTML 128K
Narrative (Details)
36: R55 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - HTML 38K
Schedule of goodwill (Details)
71: R56 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - HTML 47K
Schedule of finite-lived intangible asset useful
lives (Details)
108: R57 Discontinued Operations (Details) HTML 55K
53: R58 Discontinued Operations - Income Statement Summary HTML 52K
of Discontinued Operations (Details)
35: R59 DISCONTINUED OPERATIONS - Balance Sheet Summary of HTML 96K
Discontinued Operations (Details)
95: R60 DISCONTINUED OPERATIONS - Capital Expenditures, HTML 41K
Depreciation, and Amortization (Details)
104: R61 Major Customer (Details) HTML 40K
66: R62 Business Combinations (Details) HTML 46K
26: R63 Business Combinations - Schedule of Business HTML 41K
Acquisitions, by Acquisition (Details)
92: R64 BUSINESS COMBINATIONS - Schedule of Recognized HTML 76K
Identified Assets Acquired and Liabilities Assumed
(Details)
101: R65 Variable Interest Entities (Details) HTML 54K
63: R66 FAIR VALUE OF FINANCIAL INSTRUMENTS - Schedule of HTML 50K
Fair Value, Assets and Liabilities Measured on
Recurring Basis, Unobservable Input Reconciliation
(Details)
23: R67 FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair Value, HTML 54K
Liabilities Measured on Recurring Basis,
Unobservable Input Reconciliation (Details)
91: R68 INVENTORIES - Schedule of Inventories (Details) HTML 52K
106: R69 Assets on Lease (Details) HTML 52K
114: R70 Property and Equipment (Details) HTML 44K
74: R71 Investments in Securities (Details) HTML 35K
30: R72 EQUITY METHOD INVESTMENTS - Narrative (Details) HTML 60K
45: R73 EQUITY METHOD INVESTMENTS - Schedule of Equity HTML 53K
Method Investments (Details)
117: R74 Accrued Expenses (Details) HTML 44K
77: R75 Lease Arrangements (Details) HTML 38K
34: R76 Lease Arrangements - Lease, Cost (Details) HTML 58K
48: R77 LEASE ARRANGEMENTS - Lessee, Operating Lease, HTML 52K
Liability, Maturity (Details)
112: R78 FINANCING ARRANGEMENTS - Schedule of Debt HTML 109K
(Details)
78: R79 Financing Arrangements (Details) HTML 95K
115: R80 Financing Arrangements - Schedule of Maturities of HTML 58K
Long-term Debt (Details)
75: R81 FINANCING ARRANGEMENTS - Interest Income and HTML 41K
Interest Expense Disclosure (Details)
31: R82 Related Party Matters (Details) HTML 43K
46: R83 Share Repurchase (Details) HTML 47K
116: R84 Employee and Non-Employee Stock Options (Details) HTML 41K
76: R85 Employee and Non-Employee Stock Options - HTML 75K
Share-based Payment Arrangement, Option, Activity
(Details)
33: R86 REVENUE RECOGNITION - Disaggregation of Revenue HTML 70K
(Details)
47: R87 REVENUE RECOGNITION - Contract with Customer, HTML 36K
Asset and Liability (Details)
113: R88 Employee Benefits (Details) HTML 35K
79: R89 INCOME TAXES - Schedule of Components of Income HTML 56K
Tax Expense (Benefit) (Details)
94: R90 Income Taxes (Details) HTML 64K
103: R91 Income Taxes - Schedule of Effective Income Tax HTML 90K
Rate Reconciliation (Details)
65: R92 INCOME TAXES - Schedule of Deferred Tax Assets and HTML 81K
Liabilities (Details)
25: R93 Quarterly Financial Information (Unaudited) HTML 97K
(Details)
93: R94 GEOGRAPHICAL INFORMATION - Long-lived Assets by HTML 47K
Geographic Areas (Details)
102: R95 GEOGRAPHICAL INFORMATION - Revenue from External HTML 43K
Customers by Geographic Areas (Details)
64: R96 Segment Information (Details) HTML 32K
24: R97 Segment Information - Schedule of Segment HTML 92K
Reporting Information, by Segment (Details)
89: R98 EARNINGS PER COMMON SHARE - Schedule of Earnings HTML 116K
Per Share, Basic and Diluted (Details)
105: R99 Subsequent Events (Details) HTML 48K
32: XML IDEA XML File -- Filing Summary XML 214K
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22: EXCEL IDEA Workbook of Financial Reports XLSX 127K
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1.I have reviewed this annual report on Form 10-K of Air T, Inc.;
2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which
such statements were made, not misleading with respect to the period covered by this report;
3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
4.The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the
registrant and have:
(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
(b)Designed such internal controls over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting principles;
(c)Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
(d)Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s fourth fiscal quarter that has materially affected, or is reasonably likely to materially affect,
the registrant’s internal control over financial reporting; and
5.The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):
(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely
to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.