Net Earnings (Loss) Per Share

3 Months Ended

Jun. 30, 2022

Basic earnings (loss) 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 (loss) 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 (in thousands, except for per share figures):


	Three Months Ended June 30,
	2022		2021
Net (loss) income	$	(802)	$	327
Net (income) attributable to non-controlling interests	(631)		(38)
Net (loss) income attributable to Air T, Inc. Stockholders	(1,433)		289
(Loss) Income per share:
Basic	$	(0.50)	$	0.10
Diluted	$	(0.50)	$	0.10
Antidilutive shares excluded from computation of (loss) income per share	7		—

Weighted Average Shares Outstanding:
Basic	2,866		2,882
Diluted	2,866		2,890