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