Note 5 - Net Earnings Per Share

6 Months Ended

Sep. 30, 2016

Notes to Financial Statements

Earnings Per Share [Text Block]

5. Net Earnings Per Share

Basic earnings per share have 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 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 September 30,				Six Months Ended September 30,
	2016		2015		2016			2015
Net loss attributable to Air T, Inc. Stockholders	$	1,068,549	$	3,793,960	$	(2,607,753	)	$	3,057,920
Loss Per Share:
Basic	$	0.52	$	1.60	$	(1.18	)	$	1.29
Diluted	$	0.52	$	1.58	$	(1.18	)	$	1.28
Weighted Average Shares Outstanding:
Basic		2,042,789		2,372,527		2,207,658			2,372,527
Diluted		2,047,976		2,397,163		2,207,658			2,396,460

The Company reported a net loss for the six-month period ended September 30, 2016. As a result of the net loss, there is no potential dilutive effect of outstanding stock options for that period.