Earnings per Share

12 Months Ended

Mar. 31, 2022

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):


	Year ended March 31,
		2022		2021		2020
Net income from continuing operations, net of taxes		35,569		54,884		14,280
Less: net income attributable to non-controlling interest		23		—		—
Net income attributable to Digital Turbine, Inc.		$	35,546	$	54,884	$	14,280
Weighted-average common shares outstanding, basic		95,198		88,514		84,594
Basic net income per common share		$	0.37	$	0.61	$	0.17
Weighted-average common shares outstanding, diluted		102,640		96,151		89,558
Diluted net income per common share		$	0.35	$	0.57	$	0.16