Net Income Per Ordinary Share

6 Months Ended

Jul. 31, 2016

11. 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:

	Three Months Ended July 31,				Six Months Ended July 31,
	2016		2015		2016		2015
	(in thousands, except share and per share data)
Numerator:
Net income	$	8,632	$	23,097	$	10,415	$	41,951
Less: amount allocable to unvested early exercised options		—		—		—		—
Net income allocable to ordinary shareholders - basic	$	8,632	$	23,097	$	10,415	$	41,951
Undistributed earnings reallocated to ordinary shareholders		—		—		—		—
Net income allocable to ordinary shareholders - diluted	$	8,632	$	23,097	$	10,415	$	41,951
Denominator:
Weighted-average ordinary shares outstanding		32,557,398		31,515,446		32,492,723		31,307,292
Less: weighted-average unvested early exercised options subject to repurchase		—		—		—		(56	)
Weighted-average ordinary shares - basic		32,557,398		31,515,446		32,492,723		31,307,236
Effect of potentially dilutive securities:
Employee stock options		1,074,331		1,351,924		1,062,310		1,374,810
Restricted stock and restricted stock units		530,279		1,028,899		498,128		995,092
Employee stock purchase plan		13,458		7,953		9,942		11,101
Weighted-average ordinary shares - diluted		34,175,466		33,904,222		34,063,103		33,688,239
Net income per ordinary share:
Basic	$	0.27	$	0.73	$	0.32	$	1.34
Diluted	$	0.25	$	0.68	$	0.31	$	1.25

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:

	Three Months Ended July 31,				Six Months Ended July 31,
	2016		2015		2016		2015
Options to purchase ordinary shares		471,534		13,081		476,116		42,257
Restricted stock and restricted stock units		893,341		93,002		1,047,630		46,501
Employee stock purchase plan		—		—		17,191		6,714
Early exercised options subject to repurchase		—		—		—		56
		1,364,875		106,083		1,540,937		95,528