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Note 5 - Net Earnings Per Share (As Restated) (Tables) | 6 Months Ended
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Sep. 30, 2016
Notes Tables |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] |
|  | Three Months Ended September 30, |  |  | Six Months Ended September 30, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
|  | (As Restated)* |  |  |  |  |  |  | (As Restated)* |  |  |  |  |
Net earnings attributable to Air T, Inc. Stockholders, as previously stated |  | $ | 1,068,549 |  |  | $ | 3,793,960 |  |  | $ | (2,607,753 | ) |  | $ | 3,057,920 |
Net earnings attributable to Air T, Inc. Stockholders, as restated |  | $ | 1,084,102 |  |  | $ | 3,793,960 |  |  | $ | (4,667,369 | ) |  | $ | 3,057,920 |
Loss Per Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic, as previously stated |  | $ | 0.52 |  |  | $ | 1.60 |  |  | $ | (1.18 | ) |  | $ | 1.29 |
Basic, as restated |  | $ | 0.53 |  |  | $ | 1.60 |  |  | $ | (2.11 | ) |  | $ | 1.29 |
Diluted, as previously stated |  | $ | 0.52 |  |  | $ | 1.58 |  |  | $ | (1.18 | ) |  | $ | 1.28 |
Diluted, as restated |  | $ | 0.53 |  |  | $ | 1.58 |  |  | $ | (2.11 | ) |  | $ | 1.28 |
Weighted Average Shares Outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 2,042,789 |  |  |  | 2,372,527 |  |  |  | 2,207,658 |  |  |  | 2,372,527 |
Diluted |  |  | 2,047,976 |  |  |  | 2,397,163 |  |  |  | 2,207,658 |  |  |  | 2,396,460 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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