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Net Income Per Ordinary Share (Tables)
3 Months Ended
Apr. 30, 2017
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:

 

 

 

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

 

 

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: 

 

 

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