Earnings per Share

9 Months Ended

Dec. 31, 2021

Basic net income per common share is calculated by dividing net income by the weighted-average number of shares of common stock outstanding during the period.

Diluted net income per common share is calculated by dividing net income by the weighted-average number of shares of common stock outstanding during the period and including the dilutive effects of employee stock-based awards outstanding during the period.

The following table sets forth the computation of basic and diluted net income per share of common stock (in thousands, except per share amounts):


	Three months ended December 31,				Nine months ended December 31,
	2021		2020		2021		2020
Net income	7,062		14,515		15,428		24,828
Less: net income / (loss) attributable to non-controlling interest	48		—		(18)		—
Net income attributable to Digital Turbine, Inc.	$	7,014	$	14,515	$	15,446	$	24,828
Weighted-average common shares outstanding, basic	96,548		89,003		94,620		88,140
Basic net income per common share attributable to Digital Turbine, Inc.	$	0.07	$	0.16	$	0.16	$	0.27
Weighted-average common shares outstanding, diluted	103,287		96,976		101,346		95,563
Diluted net income per common share attributable to Digital Turbine, Inc.	$	0.07	$	0.15	$	0.15	$	0.26