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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Revenues:    
Total revenue $ 36,970 $ 47,188
Operating Expenses:    
General and administrative 7,529 9,671
Depreciation and amortization 609 1,941
Impairment of property and equipment 0 7
Gain on sale of property and equipment (2) (4)
Operating Expenses 37,236 46,190
Operating (Loss) Income from Continuing Operations (266) 998
Non-operating (Expense) Income:    
Other-than-temporary impairment loss on investments 0 (815)
Interest expense and other (1,161) (1,024)
Gain on settlement of bankruptcy 0 4,509
Income (Loss) from Equity Method Investments (558) (321)
Other 729 271
Non-operating income (expense) (990) 2,620
(Loss) Income from Continuing Operations Before Income Taxes (1,256) 3,618
Income Taxes (Benefit) (300) (377)
Net (Loss) Income from Continuing Operations (956) 3,995
Income from Discontinued Operations, net of tax 0 161
Net (Loss) Income (956) 4,156
Net loss (income) from continuing operations attributable to non-controlling interests 115 (2,373)
Net (Loss) Income Attributable to Air T, Inc. Stockholders $ (841) $ 1,783
(Loss) Income from continuing operations per share (Note 6)    
Basic (in dollars per share) $ (0.29) $ 0.72
Diluted (in dollars per share) (0.29) 0.72
Income from discontinued operations per share (Note 6)    
Basic (in dollars per share) 0 0.07
Diluted (in dollars per share) 0 0.07
(Loss) Income per share (Note 6)    
Basic (in dollars per share) (0.29) 0.79
Diluted (in dollars per share) $ (0.29) $ 0.79
Weighted Average Shares Outstanding:    
Basic (in shares) 2,882 2,253
Diluted (in shares) 2,882 2,257
Overnight air cargo    
Operating Revenues:    
Total revenue $ 16,171 $ 18,320
Operating Expenses:    
Other cost and expense operating 14,167 16,519
Operating (Loss) Income from Continuing Operations 555 17
Ground equipment sales    
Operating Revenues:    
Total revenue 15,828 12,249
Operating Expenses:    
Other cost and expense operating 12,198 9,731
Operating (Loss) Income from Continuing Operations 2,216 1,347
Commercial jet engines and parts    
Operating Revenues:    
Total revenue 4,693 16,327
Operating Expenses:    
Other cost and expense operating 2,714 8,286
Printing equipment and maintenance    
Operating Revenues:    
Total revenue 88 64
Operating Expenses:    
Other cost and expense operating 21 39
Operating (Loss) Income from Continuing Operations (223) (382)
Corporate and other    
Operating Revenues:    
Total revenue 190 228
Operating Expenses:    
Operating (Loss) Income from Continuing Operations $ (1,912) $ (1,872)