Company: AIRTP
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0000353184-25-000126
Chunk: 35

Company: AIR T INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 35
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, Inc. Stockholders$4,355 $2,520 $2,719 $2,185 Income per share:Basic$1.61 $0.91 $1.01 $0.79 Diluted$1.61 $0.91 $1.01 $0.79 Weighted Average Shares Outstanding:Basic2,703 2,760 2,703 2,760 Diluted2,703 2,760 2,703 2,760 Potential common shares outstanding are not included in the computation of diluted income per share if their effect is anti-dilutive. During the three and six months ended September 30, 2025, the Company had 244,750 potential shares from share-based awards that were anti-dilutive. There were no potential shares from share-based awards that were anti-dilutive during the three and six months ended September 30, 2024.

7.    Intangible Assets and Goodwill

Intangible assets as of September 30, 2025 and March 31, 2025 consisted of the following (in thousands):September 30, 2025Gross Carrying AmountAccumulated AmortizationNet Book ValuePurchased software$886 $(615)$271 Internally developed software3,867(1,348)2,519 In-place lease and other intangibles1,094(511)583 Customer relationships8,601(2,441)6,160 Patents1,139(1,116)23 Other1,547(1,130)417 17,134(7,161)9,973 In-process software445—445 Intangible assets, total$17,579 $(7,161)$10,418 

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March 31, 2025Gross Carrying AmountAccumulated AmortizationNet Book ValuePurchased software$865 $(549)$316 Internally developed software3,658(1,111)2,547In-place lease and other intangibles1,094(460)634Customer relationships8,012(2,007)6,005Patents1,139(1,114)25Other1,512(1,089)42316,280(6,330)9,950In-process software70—70Intangible assets, total$16,350 $(6,330