Net Earnings Per Share (Tables)

9 Months Ended

Dec. 31, 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 December 31,				Nine Months Ended December 31,
	2019		2018		2019		2018
Net income (loss) from continuing operations	$	581	$	(1,941)	$	2,450	$	694
Net income from continuing operations attributable to non-controlling interests	(789)		(398)		(3,449)		(745)
Net loss from continuing operations attributable to Air T, Inc. stockholders	(208)		(2,339)		(999)		(51)
Loss from continuing operations per share:
Basic	$	(0.07)	$	(0.77)	$	(0.36)	$	(0.02)
Diluted	$	(0.07)	$	(0.77)	$	(0.36)	$	(0.02)
Loss from discontinued operations, net of tax	$	—	$	(376)	$	(70)	$	(1,156)
Gain (loss) on sale of discontinued operations, net of tax	(222)		—		8,137		—
Gain (loss) from discontinued operations attributable to Air T, Inc. stockholders	(222)		(376)		8,067		(1,156)
Income (loss) from discontinued operations per share:
Basic	$	(0.07)	$	(0.12)	$	2.93	$	(0.38)
Diluted	$	(0.07)	$	(0.12)	$	2.93	$	(0.38)
Income (Loss) per share:
Basic	$	(0.14)	$	(0.89)	$	2.57	$	(0.40)
Diluted	$	(0.14)	$	(0.89)	$	2.57	$	(0.40)
Weighted Average Shares Outstanding:
Basic	2,973		3,042		2,752		3,058
Diluted	2,973		3,042		2,756		3,058