EARNINGS PER COMMON SHARE

12 Months Ended

Mar. 31, 2023

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 computation of earnings per common share is as follows (in thousands, except per share data):


	Year Ended March 31,
	2023		2022
Net (loss) income from operations	$	(11,785)	$	12,227
Net income from operations attributable to non-controlling interests	(510)		(1,299)
Net (loss) income from operations attributable to Air T, Inc. Stockholders	(12,295)		10,928

(Loss) income from operations per share:
Basic	$	(4.32)	$	3.79
Diluted	$	(4.32)	$	3.78
Antidilutive shares excluded from computation of (loss) income per share	5		—

Weighted Average Shares Outstanding:
Basic	2,847		2,880
Diluted	2,847		2,888