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Net Income Per Share
 6 Months Ended
Jul. 31, 2024
Earnings Per Share [Abstract]  
Net Income Per Share Net Income Per Share
The Company has two classes of common stock: Class A common stock and Class B common stock. The rights of the holders of Class A common stock and Class B common stock are identical, except with respect to voting, conversion and transfer rights. As the liquidation and dividend rights are identical, the undistributed earnings are allocated on a proportionate basis to each class of common stock and the resulting basic and diluted net income per share attributable to common stockholders are, therefore, the same for both Class A and Class B common stock on both an individual and combined basis.
Basic net income per share is computed by dividing net income attributable to common stockholders (the numerator) by the weighted-average number of common shares outstanding (the denominator) for the period. Diluted net income per share is calculated by giving effect to all potential dilutive common stock equivalents, which includes stock options, restricted stock units and other awards.
The following table sets forth the computation of basic and diluted net income per share:
Three Months Ended July 31, Six Months Ended July 31,
(in thousands, except per share data)
2024202320242023
Net income per share – basic:
Numerator:
Net income
$1,841 $10,485 $12,475 $13,293 
Denominator:
Weighted-average shares outstanding used in computing net income per share, basic260,830268,900266,187267,271 
Net income per common share, basic
$0.01 $0.04 $0.05 $0.05 
Net income per share – diluted:
Numerator:
Net income
$1,841 $10,485 $12,475 $13,293 
Denominator:
Weighted-average shares outstanding used in computing net income per share, basic
260,830 268,900 266,187 267,271 
Weighted-average effect of diluted securities:
Stock options7,953 11,259 9,021 11,128 
RSUs3,057 3,069 4,167 4,072 
Common stock warrants94 625 320 480 
Weighted-average shares outstanding used in computing net income per share, diluted
271,934 283,853 279,695 282,951 
Net income per common share, diluted
$0.01 $0.04 $0.04 $0.05 
Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:
Three Months Ended July 31, Six Months Ended July 31,
(in thousands)2024202320242023
Stock options5,364 2,591 5,171 6,705 
PSUs
780 1,330 780 1,330 
RSUs3,212 650 1,426 692 
ESPP84 164 92 321 
Total shares excluded from net income per share
9,440 4,735 7,469 9,048