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Note 2 - Net Earnings Per Common Share
 12 Months Ended
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