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Note 7 - Net Earnings Per Share
 6 Months Ended
Sep. 30, 2018
Notes to Financial Statements  
Earnings Per Share [Text Block]
7.
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. The computation of basic and diluted earnings per common share is as follows:
 
   
Three Months Ended September 30,
    
Six Months Ended September 30,
  
   
2018
    
2017
    
2018
    
2017
  
                                 
Net Income (Loss) Attributable to Air T, Inc. Stockholders
   $
(1,321,185
 )   $
421,701
     $
1,507,509
     $
1,390,090
  
Income (Loss) Per Share:
                                
Basic
   $
(0.65
 )   $
0.21
     $
0.74
     $
0.68
  
Diluted
   $
(0.65
 )   $
0.21
     $
0.74
     $
0.68
  
Weighted Average Shares Outstanding:
                                
Basic
    
2,043,823
      
2,042,789
      
2,043,716
      
2,042,789
  
Diluted
    
2,043,823
      
2,046,945
      
2,049,393
      
2,047,305