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Net Income (Loss) per Share Attributable to Common Stockholders
 6 Months Ended
Aug. 04, 2024
Earnings Per Share [Abstract]  
Net Income (Loss) per Share Attributable to Common Stockholders Net Income (Loss) per Share Attributable to Common Stockholders
Basic and diluted net income (loss) per share attributable to common stockholders is presented in conformity with the two-class method required for participating securities. Basic net income (loss) per share attributable to common stockholders is computed by dividing the net income (loss) attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period, less shares subject to repurchase. Diluted net income (loss) per share attributable to common stockholders is computed by giving effect to all potentially dilutive common stock equivalents, including our outstanding stock options, common stock related to unvested RSUs, PRSUs, and LTP Awards, the shares underlying the conversion option in our Notes (prior to the Notes being repaid in April 2023) to the extent dilutive, and common stock issuable pursuant to the ESPP. We used the if-converted method to calculate the impact of our Notes, prior to the Notes being repaid, on diluted EPS. In periods of net loss, all potentially dilutive common stock equivalents have been excluded from the calculation of diluted net loss per share attributable to common stockholders as their effect is anti-dilutive.
The following table sets forth the computation of basic and diluted net income (loss) per share attributable to common stockholders (in thousands, except per share data):
 
Second Quarter of Fiscal
First Two Quarters of Fiscal
 2024202520242025
Numerator:
Net income (loss)$(7,115)$35,674 $(74,516)$665 
Denominator:
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, basic309,510 326,326 307,687 324,458 
Add: Dilutive effect of common stock equivalents— 17,117 — 17,051 
Weighted-average shares used in computing net income (loss) per share attributable to common stockholders, diluted309,510 343,443 307,687 341,509 
Net income (loss) per share attributable to common stockholders, basic$(0.02)$0.11 $(0.24)$0.00 
Net income (loss) per share attributable to common stockholders, diluted$(0.02)$0.10 $(0.24)$0.00 
The following weighted-average outstanding shares of common stock equivalents were excluded from the computation of diluted net income (loss) per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive (in thousands):
 
 
Second Quarter of Fiscal
First Two Quarters of Fiscal
 2024202520242025
Stock options to purchase common stock6,982 — 7,928 — 
Unvested RSUs and PRSUs
34,350 429 31,072 215 
Unvested LTP Awards
2,683 — 1,342 — 
Shares related to convertible senior notes— — 8,657 — 
Shares issuable pursuant to the ESPP1,190 — 1,190 — 
Total45,205 429 50,189 215