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Note 2 - Net Earnings Per Common Share | 12 Months Ended
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Mar. 31, 2017
Notes to Financial Statements |
Earnings Per Share [Text Block] |
2. | EARNINGS PER COMMON SHARE
Basic earnings per share has been calculated by dividing net income (loss) attributable to Air T, Inc. stockholders by the weighted average number of common shares outstanding during each period. For purposes of calculating diluted earnings per share, shares issuable under stock options were considered potential common shares and were included in the weighted average common shares unless they were anti-dilutive. The dilutive effect of options was excluded in fiscal 2017 given that there was a net loss attributable to Air T, Inc. stockholders. For the year ended March 31, 2016 all options to acquire shares of Air T, Inc. common stock were included in computing earnings per share because their effects were dilutive. The computation of earnings per common share is as follows:
|  | Year Ended March 31, |
|  | 2017 |  |  | 2016 |
Net earnings attributable to Air T, Inc. |  |  |  |  |  |  |  |
Stockholders |  | $ | (3,213,539 | ) |  | $ | 4,413,910 |
Earnings Per Share: |  |  |  |  |  |  |  |
Basic |  | $ | (1.51 | ) |  | $ | 1.86 |
Diluted |  | $ | (1.51 | ) |  | $ | 1.84 |
Weighted Average Shares Outstanding: |  |  |  |  |  |  |  |
Basic |  |  | 2,125,224 |  |  |  | 2,372,527 |
Diluted |  |  | 2,125,224 |  |  |  | 2,396,824 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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