Net Income Per Ordinary Share

3 Months Ended

Apr. 30, 2017

12. 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 April 30,
	2017		2016
	(in thousands, except share and per share data)
Numerator:
Net income	$	2,564	$	1,783
Denominator:
Weighted-average ordinary shares - basic		33,253,817		32,428,047
Effect of potentially dilutive securities:
Employee stock options		1,006,149		1,050,288
Restricted stock and restricted stock units		422,744		465,976
Employee stock purchase plan		2,371		6,425
Weighted-average ordinary shares - diluted		34,685,081		33,950,736
Net income per ordinary share:
Basic	$	0.08	$	0.05
Diluted	$	0.07	$	0.05

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 April 30,
	2017		2016
Options to purchase ordinary shares		261,722		480,698
Restricted stock and restricted stock units		913,126		1,201,918
Employee stock purchase plan		25,948		34,381
		1,200,796		1,716,997