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Net Income Per Ordinary Share (Tables)
12 Months Ended
Jan. 31, 2016
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income Per Ordinary Share

The following table sets forth the computation of basic and diluted net income per ordinary share for the periods indicated:

 

 

 

Year Ended January 31,

 

 

 

2016

 

 

2015

 

 

2014

 

 

 

(in thousands, except share and per share data)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

76,508

 

 

$

50,571

 

 

$

25,654

 

Less: amount allocable to unvested early exercised options

 

 

 

 

 

(11

)

 

 

(31

)

Net income allocable to ordinary shareholders - basic

 

$

76,508

 

 

$

50,560

 

 

$

25,623

 

Undistributed earnings reallocated to ordinary shareholders

 

 

 

 

 

1

 

 

 

2

 

Net income allocable to ordinary shareholders - diluted

 

$

76,508

 

 

$

50,561

 

 

$

25,625

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average ordinary shares outstanding

 

 

31,633,992

 

 

 

29,749,354

 

 

 

27,713,998

 

Less: weighted-average unvested early exercised options

   subject to repurchase

 

 

(56

)

 

 

(6,701

)

 

 

(33,220

)

Weighted-average ordinary shares - basic

 

 

31,633,936

 

 

 

29,742,653

 

 

 

27,680,778

 

Effect of potentially dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Employee stock options

 

 

1,245,341

 

 

 

1,818,401

 

 

 

2,034,500

 

Restricted stock and restricted stock units

 

 

865,863

 

 

 

704,788

 

 

 

316,350

 

Employee stock purchase plan

 

 

10,569

 

 

 

12,285

 

 

 

138,461

 

Warrants to purchase ordinary shares

 

 

 

 

 

 

 

 

2,474

 

Weighted-average ordinary shares - diluted

 

 

33,755,709

 

 

 

32,278,127

 

 

 

30,172,563

 

Net income per ordinary share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

2.42

 

 

$

1.70

 

 

$

0.93

 

Diluted

 

$

2.27

 

 

$

1.57

 

 

$

0.85

 

 

Weighted-Average Potentially Dilutive Securities Excluded from Computation of Diluted Net Income Per Ordinary Share

The following weighted-average potentially dilutive securities were excluded from the computation of diluted net income per ordinary share as their effect would have been antidilutive:

 

 

 

Year Ended January 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Options to purchase ordinary shares

 

 

109,958

 

 

 

217,514

 

 

 

183,859

 

Restricted stock  and restricted stock units

 

 

163,994

 

 

 

167,702

 

 

 

1,576

 

Employee stock purchase plan

 

 

9,073

 

 

 

36,110

 

 

 

10,597

 

Early exercised options subject to repurchase

 

 

56

 

 

 

6,701

 

 

 

33,220

 

 

 

 

283,081

 

 

 

428,027

 

 

 

229,252