Note 4 - Net Earnings Per Share

9 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

4. Net Earnings Per Share

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. Because there was a net loss attributable to Air T stockholders for the

three

-months ended

December 31, 2017

and the

nine

-months ended

December 31, 2016,

the effect of options was excluded for computing earnings per share because the effect was anti-dilutive.

The computation of basic and diluted earnings per common share is as follows:

	Three Months Ended December 31,					Nine Months Ended December 31,
	2017			2016		2017		2016
Net income (loss) attributable to Air T, Inc. Stockholders	$	(671,939	)	$	1,220,037	$	718,151	$	(3,447,332	)
Income (Loss) Per Share:
Basic	$	(0.33	)	$	0.60	$	0.35	$	(1.60	)
Diluted	$	(0.33	)	$	0.60	$	0.35	$	(1.60	)
Weighted Average Shares Outstanding:
Basic		2,042,789			2,042,789		2,042,789		2,152,301
Diluted		2,042,789			2,047,637		2,047,547		2,152,301