Net Earnings (Loss) Per Share

3 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Net Earnings (Loss) Per Share

Net Earnings (Loss) Per Share

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,
	2023		2022
Net loss	$	(27)	$	(802)
Net income attributable to non-controlling interests	(504)		(631)
Net loss attributable to Air T, Inc. Stockholders	$	(531)	$	(1,433)
Loss per share:
Basic	$	(0.19)	$	(0.50)
Diluted	$	(0.19)	$	(0.50)
Antidilutive shares excluded from computation of loss per share	5		7
Weighted Average Shares Outstanding:
Basic	2,818		2,866
Diluted	2,818		2,866