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Note 4 - Net Earnings Per Share | 3 Months Ended
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Jun. 30, 2017
Notes to Financial Statements |
Earnings Per Share [Text Block] |
4. | Net Earnings Per 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. Because there was a net loss attributable to Air T stockholders for the quarter ended June 30, 2016, the effect of options was excluded for computing earnings per share because the effect was anti-dilutive. The computation of basic and diluted earnings per common share is as follows:
|  | Three Months Ended June 30, |
|  | 2017 |  |  | 2016 |
Net Income (Loss) Attributable to Air T, Inc. Stockholders |  | $ | 968,389 |  |  | $ | (5,751,471 | )
Loss Per Share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.47 |  |  | $ | (2.42 | )
Diluted |  | $ | 0.47 |  |  | $ | (2.42 | )
Weighted Average Shares Outstanding: |  |  |  |  |  |  |  |
Basic |  |  | 2,042,789 |  |  |  | 2,372,527 |
Diluted |  |  | 2,047,623 |  |  |  | 2,372,527 |

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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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