Earnings per Share

6 Months Ended

Sep. 30, 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 September 30,				Six months ended September 30,
	2021		2020		2021		2020
Net income / (loss)	(5,887)		373		8,366		10,313
Less: net loss attributable to non-controlling interest	(35)		—		(66)		—
Net income / (loss) attributable to Digital Turbine, Inc.	$	(5,852)	$	373	$	8,432	$	10,313
Weighted-average common shares outstanding, basic	96,157		88,035		93,807		87,712
Basic net income / (loss) per common share attributable to Digital Turbine, Inc.	$	(0.06)	$	—	$	0.09	$	0.11
Weighted-average common shares outstanding, diluted	96,157		96,057		100,457		94,988
Diluted net income / (loss) per common share attributable to Digital Turbine, Inc.	$	(0.06)	$	—	$	0.08	$	0.11
Common stock equivalents excluded from net loss per diluted share because their effect would have been anti-dilutive	6,563		—		—		—