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QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
 12 Months Ended
Mar. 31, 2020
Quarterly Financial Data [Abstract]  
QUARTERLY FINANCIAL INFORMATION (UNAUDITED) QUARTERLY FINANCIAL INFORMATION (UNAUDITED)
(in thousands, except per share data)

First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
2020
Operating Revenues$47,188  $50,693  $73,300  $65,604  
Income (Loss) from continuing operations, net of tax3,991  (2,122) 581  718  
Less: (Income) attributable to non-controlling interests(2,373) (287) (789) (128) 
Income (Loss) from continuing operations attributable to Air T, Inc. Stockholders1,618  (2,409) (208) 590  
Income (Loss) from discontinued operations, net of tax165  8,124  (222) (2) 
Basic Income (Loss) per share from continuing operations0.72  (0.80) (0.07) 0.20  
Basic Income (Loss) per share from discontinued operations0.07  2.69  (0.07) —  
Basic Income (Loss) per share0.79  1.89  (0.14) 0.20  
Diluted Income (Loss) per share from continuing operations0.72  (0.80) (0.07) 0.20  
Diluted Income (loss) per share from discontinued operations0.07  2.68  (0.07) —  
Diluted Income (Loss) per share$0.79  $1.88  $(0.14) $0.20  
Antidilutive shares Excluded from Computation of income (loss) per share from continuing operations (in shares)—  5  6  —  
Antidilutive shares Excluded from Computation of income (loss) per share from discontinued operations (in shares)—  —  6  7  
Antidilutive shares Excluded from Computation of income (loss) per share (in shares)—  —  6  —  
2019
Operating Revenues$51,820  $40,867  $55,486  $67,329  
Income (Loss) from continuing operations, net of tax3,414  (779) (1,941) 3,513  
Less: Net (income) Loss attributable to non-controlling interests(453) 106  (398) (1,116) 
Income (Loss) from continuing operations attributable to Air T, Inc. Stockholders2,961  (673) (2,339) 2,397  
(Loss) Income from discontinued operations, net of tax(132) (648) (376) 150  
Basic Income (loss) per share from continuing operations0.97  (0.22) (0.77) 0.79  
Basic (Loss) Income per share from discontinued operations(0.04) (0.21) (0.12) 0.05  
Basic Income (Loss) per share0.92  (0.43) (0.89) 0.84  
Diluted Income (Loss) per share from continuing operations0.96  (0.22) (0.77) 0.79  
Diluted Income (loss) per share from discontinued operations(0.04) (0.21) (0.12) 0.05  
Diluted Income (Loss) per share$0.92  $(0.43) $(0.89) $0.84  
Antidilutive shares Excluded from Computation of income (loss) per share from continuing operations (in shares)—  8  8  —  
Antidilutive shares Excluded from Computation of income (loss) per share from discontinued operations (in shares)9  8  8  —  
Antidilutive shares Excluded from Computation of income (loss) per share (in shares)—  8  8  —