XML 31 R20.htm IDEA: XBRL DOCUMENT v3.22.4
Earnings per Share
9 Months Ended
Dec. 31, 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 1,477,381 and 1,462,517 for the three and nine months ended December 31, 2022, respectively, and 296,254 and 448,121 for the three and nine months ended December 31, 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 December 31,
Nine months ended December 31,
2022202120222021
Net income
4,062 7,062 30,723 15,428 
Less: net income / (loss) attributable to non-controlling interest43 48 118 (18)
Net income attributable to Digital Turbine, Inc.$4,019 $7,014 $30,605 $15,446 
Weighted-average common shares outstanding, basic99,108 96,548 98,623 94,620 
Basic net income per common share attributable to Digital Turbine, Inc.
$0.04 $0.07 $0.31 $0.16 
Weighted-average common shares outstanding, diluted103,348 103,287 103,674 101,346 
Diluted net income per common share attributable to Digital Turbine, Inc.
$0.04 $0.07 $0.30 $0.15