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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Segment data is summarized as follows (in thousands):
(In Thousands) | Year Ended March 31,
| 2023 |  | 2022
Operating Revenues: |  |  |
Overnight Air Cargo: |  |  |
Domestic | $ | 90,370 |  |  | $ | 65,441 |
International | 173 |  |  | 8,968 |
Total Overnight Air Cargo | 90,543 |  |  | 74,409 |
Ground Equipment Sales: |  |  |
Domestic | 38,652 |  |  | 35,089 |
International | 9,833 |  |  | 7,150 |
Total Ground Equipment Sales | 48,485 |  |  | 42,239 |
Commercial Jet Engines and Parts: |  |  |
Domestic | 67,599 |  |  | 40,798 |
International | 34,138 |  |  | 16,891 |
Total Commercial Jet Engines and Parts | 101,737 |  |  | 57,689 |
Corporate and Other: |  |  |
Domestic | 2,952 |  |  | 1,571 |
International | 3,606 |  |  | 1,169 |
Total Corporate and Other | 6,558 |  |  | 2,740 |
Total | 247,323 |  |  | 177,077 |
Operating (Loss) Income: |  |  |
Overnight Air Cargo | 4,047 |  |  | 2,794 |
Ground Equipment Sales | 3,141 |  |  | 3,220 |
Commercial Jet Engines and Parts | (957) |  |  | 3,619 |
Corporate and Other | (10,638) |  |  | (878) |
Total | (4,407) |  |  | 8,755 |
Capital Expenditures: |  |  |
Overnight Air Cargo | 307 |  |  | 148 |
Ground Equipment Sales | 35 |  |  | 156 |
Commercial Jet Engines and Parts | 572 |  |  | 1,204 |
Corporate and Other | 293 |  |  | 50 |
Total | 1,207 |  |  | 1,558 |
Depreciation and Amortization: |  |  |
Overnight Air Cargo | 115 |  |  | 58 |
Ground Equipment Sales | 164 |  |  | 234 |
Commercial Jet Engines and Parts | 2,382 |  |  | 965 |
Corporate and Other | 1,501 |  |  | 603 |
Total | $ | 4,162 |  |  | $ | 1,860 |
Schedule of EBITDA | The table below provides a reconciliation of operating income (loss) to Adjusted EBITDA by reportable segment for the fiscal year ended March 31, 2023 and 2022 (in thousands):
| Fiscal year 2023 |  |
| Overnight Air Cargo |  | Ground Equipment Sales |  | Commercial Jet Engines and Parts |  | Corporate and Other |  | Total
Operating income (loss) from continuing operations | $ | 4,047 |  |  | $ | 3,141 |  |  | $ | (957) |  |  | $ | (10,638) |  |  | $ | (4,407) |
Depreciation and amortization (excluding leased engines depreciation) | 115 |  |  | 164 |  |  | 745 |  |  | 1,501 |  |  | 2,525 |
Asset impairment, restructuring or impairment charges | 342 |  |  | — |  |  | 7,319 | 7 |  | 179 |  |  | 7,840 |
Loss (Gain) on sale of property and equipment | 1 |  |  | 9 |  |  | (2) |  |  | — |  |  | 8 |
Securities expenses | — |  |  | — |  |  | — |  |  | 63 |  | 63 |
Adjusted EBITDA | $ | 4,505 |  |  | $ | 3,314 |  |  | $ | 7,105 |  |  | $ | (8,895) |  |  | $ | 6,029 |
| Fiscal year 2022 |  |
| Overnight Air Cargo |  | Ground Equipment Sales |  | Commercial Jet Engines and Parts |  | Corporate and Other |  | Total
Operating income (loss) from continuing operations | $ | 2,794 |  |  | $ | 3,220 |  |  | $ | 3,619 |  |  | $ | (878) |  |  | $ | 8,755 |
Depreciation and amortization (excluding leased engines depreciation) | 58 |  |  | 234 |  |  | 694 |  |  | 603 |  |  | 1,589 |
Asset impairment, restructuring or impairment charges | — |  |  | — |  |  | 885 |  |  | (80) |  |  | 805 |
Loss on sale of property and equipment | 2 |  |  | 1 |  |  | 2 |  |  | — |  |  | 5 |
Securities expenses | — |  |  | — |  |  | — |  |  | 252 |  | 252 |
Adjusted EBITDA | $ | 2,854 |  |  | $ | 3,455 |  |  | $ | 5,200 |  |  | $ | (103) |  |  | $ | 11,406 |

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