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Segment Information (Tables) | 3 Months Ended
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Jun. 30, 2022
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Segment data is summarized as follows (in thousands):
(In Thousands) | Three Months Ended June 30,
| 2022 |  | 2021
Operating Revenues by Segment: |  |  |
Overnight Air Cargo |  |  |
Domestic | $ | 20,564 |  |  | $ | 18,768 |
International | — |  |  | 83 |
Total Overnight Air Cargo | 20,564 |  |  | 18,851 |
Ground Equipment Sales: |  |  |
Domestic | 3,907 |  |  | 5,978 |
International | 1,908 |  |  | 2,204 |
Total Ground Equipment Sales | 5,815 |  |  | 8,182 |
Commercial Jet Engines and Parts: |  |  |
Domestic | 16,732 |  |  | 6,769 |
International | 6,123 |  |  | 2,825 |
Total Commercial Jet Engines and Parts | 22,855 |  |  | 9,594 |
Corporate and Other: |  |  |
Domestic | 749 |  |  | 254 |
International | 879 |  |  | 87 |
Total Corporate and Other | 1,628 |  |  | 341 |
Total | 50,862 |  |  | 36,968 |
Operating Income (Loss): |  |  |
Overnight Air Cargo | 1,077 |  |  | 732 |
Ground Equipment Sales | 142 |  |  | 1,423 |
Commercial Jet Engines and Parts | 3,074 |  |  | (238) |
Corporate and Other | (3,459) |  |  | (1,921) |
Total | 834 |  |  | (4) |
Capital Expenditures: |  |  |
Overnight Air Cargo | 99 |  |  | 23 |
Ground Equipment Sales | 9 |  |  | 13 |
Commercial Jet Engines and Parts | 74 |  |  | 92 |
Corporate and Other | 189 |  |  | 8 |
Total | 371 |  |  | 136 |
Depreciation and Amortization: |  |  |
Overnight Air Cargo | 20 |  |  | 13 |
Ground Equipment Sales | 49 |  |  | 32 |
Commercial Jet Engines and Parts | 434 |  |  | 265 |
Corporate and Other | 358 |  |  | 70 |
Total | $ | 861 |  |  | $ | 380 |
Schedule of EBITDA | The table below provides a reconciliation of operating income (loss) to Adjusted EBITDA by reportable segment for the three months ended June 30, 2022 and 2021 (in thousands):
| Three Months Ended June 30, 2022 |  |
| Overnight Air Cargo |  | Ground Equipment Sales |  | Commercial Jet Engines and Parts |  | Corporate and Other |  | Total
Operating income (loss) | $ | 1,077 |  |  | $ | 142 |  |  | $ | 3,074 |  |  | $ | (3,459) |  |  | $ | 834 |
Depreciation and amortization (excluding leased engines depreciation) | 19 |  |  | 49 |  |  | 179 |  |  | 358 |  |  | 605 |
Gain on sale of property and equipment | — |  |  | — |  |  | (2) |  |  | — |  |  | (2) |
Security issuance expenses | — |  |  | — |  |  | — |  |  | 15 |  | 15 |
Adjusted EBITDA | $ | 1,096 |  |  | $ | 191 |  |  | $ | 3,251 |  |  | $ | (3,086) |  |  | $ | 1,452 |
| Three Months Ended June 30, 2021 |  |
| Overnight Air Cargo |  | Ground Equipment Sales |  | Commercial Jet Engines and Parts |  | Corporate and Other |  | Total
Operating income (loss) | $ | 732 |  |  | $ | 1,423 |  |  | $ | (238) |  |  | $ | (1,921) |  |  | $ | (4) |
Depreciation and amortization (excluding leased engines depreciation) | 13 |  |  | 32 |  |  | 164 |  |  | 70 |  |  | 279 |
Loss on sale of property and equipment | 2 |  |  | 1 |  |  | — |  |  | — |  |  | 3 |
Security issuance expenses | — |  |  | — |  |  | — |  |  | 5 |  |  | 5 |
Adjusted EBITDA | $ | 747 |  |  | $ | 1,456 |  |  | $ | (74) |  |  | $ | (1,846) |  |  | $ | 283 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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