Net Earnings Per Share (Tables)

9 Months Ended

Dec. 31, 2020

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The computation of basic and diluted earnings per common share is as follows (in thousands, except for per share figures):

	Three Months Ended December 31,				Nine Months Ended December 31,
	2020		2019		2020		2019
Net income (loss) from continuing operations	$	1,763	$	581	$	(2,550)	$	2,450
Net loss (income) from continuing operations attributable to non-controlling interests	335		(789)		884		(3,449)
Net income (loss) from continuing operations attributable to Air T, Inc. Stockholders	2,098		(208)		(1,666)		(999)
Income (Loss) from continuing operations per share:
Basic	$	0.73	$	(0.07)	$	(0.58)	$	(0.36)
Diluted	$	0.73	$	(0.07)	$	(0.58)	$	(0.36)
Antidilutive shares excluded from computation of loss per share from continuing operations	—		4		5		4
Loss from discontinued operations, net of tax	—		—		—		(70)
(Loss) Gain on sale of discontinued operations, net of tax	—		(222)		4		8,137
(Loss) Income from discontinued operations attributable to Air T, Inc. stockholders	—		(222)		4		8,067
(Loss) Income from discontinued operations per share:
Basic	$	—	$	(0.07)	$	—	$	2.93
Diluted	$	—	$	(0.07)	$	—	$	2.93
Antidilutive shares excluded from computation of loss per share from discontinued operations	—		4		—		—
Income (Loss) per share:
Basic	$	0.73	$	(0.14)	$	(0.58)	$	2.57
Diluted	$	0.73	$	(0.14)	$	(0.58)	$	2.57
Antidilutive shares excluded from computation of loss per share	—		4		5		—
Weighted Average Shares Outstanding:
Basic	2,882		2,973		2,882		2,752
Diluted	2,887		2,973		2,882		2,756