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Note 2 - Net Earnings Per Common Share
 12 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Earnings Per Share [Text Block]
2.
EARNINGS PER COMMON SHARE
 
Basic earnings per share has been calculated by dividing net income 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 earnings per common share is as follows:
 
   
Year Ended March 31,
  
   
2019
    
2018
  
                 
Net earnings attributable to Air T, Inc.
                
Stockholders
   $
1,339,995
     $
2,277,109
  
Earnings Per Share:
                
Basic
   $
0.66
     $
1.11
  
Diluted
   $
0.66
     $
1.11
  
Weighted Average Shares Outstanding:
                
Basic
    
2,034,749
      
2,042,806
  
Diluted
    
2,039,892
      
2,047,685