Digital Turbine, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Earnings per Share

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