Note 4 - Net Earnings Per Share

9 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Earnings Per Share [Text Block]

4. Net Earnings Per Share

Basic earnings per share have been calculated by dividing net earnings attributable to Air T, Inc. stockholders by the weighted average number of common shares outstanding during each period. For purposes of calculating diluted earnings per share, shares issuable under employee and director 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:

	Three Months Ended December 31,				Nine Months Ended December 31,
	2015		2014		2015		2014
Net earnings attributable to Air T, Inc.
Stockholders	$	2,971,340	$	1,448,453	$	6,029,260	$	3,339,551
Earnings Per Share:
Basic	$	1.25	$	0.61	$	2.54	$	1.42
Diluted	$	1.24	$	0.61	$	2.52	$	1.41
Weighted Average Shares Outstanding:
Basic		2,372,527		2,357,637		2,372,527		2,355,901
Diluted		2,396,999		2,381,214		2,396,645		2,373,500

For the three and nine-month periods ended December 31, 2015 and 2014, there were no stock options outstanding that were anti-dilutive.