Net Earnings Per Share (Tables)

6 Months Ended

Sep. 30, 2020

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, except for per share figures):

	Three Months Ended September 30,				Six Months Ended September 30,
	2020		2019		2020		2019
Net (loss) income from continuing operations	$	(3,357)	$	(2,122)	$	(4,314)	$	1,868
Net loss (income) from continuing operations attributable to non-controlling interests	433		(287)		549		(2,660)
Net loss from continuing operations attributable to Air T, Inc. Stockholders	(2,924)		(2,409)		(3,765)		(792)
Loss from continuing operations per share:
Basic	$	(1.01)	$	(0.80)	$	(1.31)	$	(0.30)
Diluted	$	(1.01)	$	(0.80)	$	(1.31)	$	(0.30)
Antidilutive shares excluded from computation of loss per share from continuing operations	5		4		5		4
Loss from discontinued operations, net of tax	—		(235)		—		(70)
Gain on sale of discontinued operations, net of tax	4		8,359		4		8,359
Income from discontinued operations attributable to Air T, Inc. stockholders	4		8,124		4		8,289
Income from discontinued operations per share:
Basic	$	—	$	2.69	$	—	$	3.14
Diluted	$	—	$	2.68	$	—	$	3.13
(Loss) Income per share:
Basic	$	(1.01)	$	1.89	$	(1.31)	$	2.84
Diluted	$	(1.01)	$	1.88	$	(1.31)	$	2.83
Antidilutive shares excluded from computation of loss per share	5		—		5		—
Weighted Average Shares Outstanding:
Basic	2,882		3,025		2,882		2,641
Diluted	2,882		3,029		2,882		2,645