Company: AIRTP
Filing Date: 2025-06-27
Form Type: 10-K
Source: 0000353184-25-000044
Chunk: 377

Company: AIR T INC
Filing Date: 2025-06-27
Form: 10-K
Item: Item 8
Chunk 377
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inations, Other revenue from third parties is $2,802 thousand for the fiscal year ended March 31, 2024.

3 The significant expense categories and amounts align with the segment-level information that is regularly provided to the chief operating decision maker. Intersegment expenses are included within the amounts shown.

4 Other segment items consist of depreciation and amortization and remeasurement of the earnout liability.

5 Other corporate expenses consist of unallocated expenses that are related to the activities of Corporate and other in support of the overall business. Unallocated expenses include, but are not limited to: shared services that are not allocated, costs associated with the corporate headquarters and, expenses related to identifying and pursuing new corporate business initiatives.

87

Year ended March 31, 2025Overnight Air CargoCommercial Aircraft, Engines and PartsGround Support EquipmentDigital SolutionsTotal Reportable SegmentsCorporate and otherTotal ConsolidatedDepreciation and amortization$489 $2,148 $268 $792 $3,697 $659 $4,356 Capital Expenditures418 14,911 217 36 15,582 97 15,679 Year ended March 31, 2024Overnight Air CargoCommercial Aircraft, Engines and PartsGround Support EquipmentDigital SolutionsTotal Reportable SegmentsCorporate and otherTotal ConsolidatedDepreciation and amortization$366 $756 $144 $804 $2,070 $728 $2,798 Capital Expenditures535 131 238 — 904 172 1,076 

20.    EARNINGS PER COMMON SHARE

Basic earnings 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 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 earnings per common share is as follows (in thousands, except per share data):Year Ended March 31,20252024Net Loss$(5,411)$(4,684)Net income attributable to non-controlling interests(729)(2,135)Net loss attributable to Air T, Inc. Stockholders$(6,140)(6,819)Loss per share:Basic$(2.23)$(2.42)Diluted$(2.23)$(2.42)Antid