Note 4 - Net Earnings Per Share (As Restated) (Tables)

9 Months Ended

Dec. 31, 2016

Notes Tables

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

	Three Months Ended December 31,				Nine Months Ended December 31,
	2016		2015		2016			2015
	(As Restated)*		(As Restated)*		(As Restated)*			(As Restated)*
Net earnings attributable to Air T, Inc. Stockholders, as previously stated	$	856,105	$	2,971,340	$	(1,751,648	)	$	6,029,260
Net earnings attributable to Air T, Inc. Stockholders, as restated	$	1,220,037	$	2,725,710	$	(3,447,332	)	$	5,783,630
Earnings (Loss) per share:
Basic, as previously stated	$	0.42	$	1.25	$	(0.81	)	$	2.54
Basic, as restated	$	0.60	$	1.15	$	(1.60	)	$	2.44
Diluted, as previously stated	$	0.42	$	1.24	$	(0.81	)	$	2.52
Diluted, as restated	$	0.60	$	1.14	$	(1.60	)	$	2.41
Weighted average shares outstanding:
Basic		2,042,789		2,372,527		2,152,301			2,372,527
Diluted		2,047,637		2,396,999		2,152,301			2,396,645