Company: AIRTP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0000353184-25-000073
Chunk: 83

Company: AIR T INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 8
Chunk 83
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 by period, are as follows (in thousands):Due byAmountJune 30, 2026$6,080 June 30, 202722,212 June 30, 20284,599 June 30, 20292,736 June 30, 20305,869 Thereafter82,917 124,413 Unamortized Premiums and Debt Issuance Costs(571)$123,842 Interest Expense, net - Net interest expense for the Company and its subsidiaries were as follows for the three months ended June 30, 2025 and 2024:Three Months EndedJune 30,20252024Air T$711 $971 Jet Yard— 18 Alerus Loan Parties371 — Contrail309 358 AirCo 1— 126 Wolfe Lake83 60 Air T Acquisition 22.189 68 WASI5 12 AAM 24-1699 323 MAC38 — Other9 10 Total$2,314 $1,946 Cash paid for interest totaled $2.3 million during the three months ended June 30, 2025.

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14.    Shares Repurchased

On May 14, 2014, the Company announced that its Board of Directors had authorized a program to repurchase up to 750,000 (retrospectively adjusted to 1,125,000 after the stock split on June 10, 2019) shares of the Company’s common stock from time to time on the open market or in privately negotiated transactions, in compliance with SEC Rule 10b-18, over an indefinite period. No shares were repurchased by the Company during the three months ended June 30, 2025.

15.    Geographical Information

Total tangible long-lived assets, which include property and equipment as well as assets on lease, net of accumulated depreciation, located in the United States, the Company's country of domicile, and held outside the United States, are summarized in the following table as of June 30, 2025 and March 31, 2025 (in thousands):June 30, 2025March 31, 2025United States$20,025 $20,422 Foreign14,164 14,525 Total tangible long-lived assets, net$34,189 $34,947 The net book value of