Net Earnings Per Share (Tables)

6 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The computation of basic and diluted earnings per common share is as follows (in thousands):

	Three Months Ended September 30,				Six Months Ended September 30,
	2019		2018		2019		2018
Net income (loss) from continuing operations	$	(2,122)	$	(779)	$	1,868	$	2,561
Net (income) loss from continuing operations attributable to non-controlling interests	(287)		106		(2,660)		(348)
Net income (loss) from continuing operations attributable to Air T, Inc. stockholders	(2,409)		(673)		(792)		2,213
Income (loss) from continuing operations per share:
Basic	$	(0.80)	$	(0.22)	$	(0.30)	$	0.72
Diluted	$	(0.80)	$	(0.22)	$	(0.30)	$	0.72
Loss from discontinued operations, net of tax	$	(235)	$	(648)	$	(70)	$	(705)
Gain on sale of discontinued operations, net of tax	8,359		—		8,359		—
Gain (loss) from discontinued operations attributable to Air T, Inc. stockholders	8,124		(648)		8,289		(705)
Income (loss) from discontinued operations per share:
Basic	$	2.69	$	(0.21)	$	3.14	$	(0.23)
Diluted	$	2.68	$	(0.21)	$	3.13	$	(0.23)
Weighted Average Shares Outstanding:
Basic	3,025		3,066		2,641		3,066
Diluted	3,029		3,066		2,645		3,074