Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

v3.22.2.2
Earnings per Share
6 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Earnings per Share 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.
Stock options totaling 1,526,531 and 1,445,951 for the three and six months ended September 30, 2022, respectively, and 497,881 and 463,650 for the three and six months ended September 30, 2021, respectively, were outstanding but not included in the calculation of diluted earnings per share because inclusion of the options in the calculation would be antidilutive due to their exercise prices exceeding the average market price of the common shares during the periods.
The following table sets forth the computation of basic and diluted net income / (loss) per share of common stock (in thousands, except per share amounts):
 
Three months ended September 30,
Six months ended September 30,
2022 2021 2022 2021
Net income / (loss)
11,703  (5,887) 26,661  8,366 
Less: net income / (loss) attributable to non-controlling interest 39  (35) 75  (66)
Net income / (loss) attributable to Digital Turbine, Inc. $ 11,664  $ (5,852) $ 26,586  $ 8,432 
Weighted-average common shares outstanding, basic 98,887  96,157  98,324  93,807 
Basic net income / (loss) per common share attributable to Digital Turbine, Inc.
$ 0.12  $ (0.06) $ 0.27  $ 0.09 
Weighted-average common shares outstanding, diluted 102,898  96,157  102,777  100,457 
Diluted net income / (loss) per common share attributable to Digital Turbine, Inc.
$ 0.11  $ (0.06) $ 0.26  $ 0.08 
Common stock equivalents excluded from net loss per diluted share because their effect would have been anti-dilutive —  6,563  —  —