Earnings (Loss) Per Share Attributable to Common Stockholders (Tables)

3 Months Ended

Oct. 28, 2017

Reconciliation of Numerator and Denominator Used in Calculation of Basic and Diluted Earnings Per Share

A reconciliation of the numerator and denominator used in the calculation of the basic and diluted earnings per share attributable to common stockholders is as follows (in thousands except share and per share amounts):

	Three Months Ended
	October 28, 2017			October 29, 2016
Numerator:
Net income	$	13,488		$	13,243
Less: noncumulative dividends to preferred stockholders		(635	)		(635	)
Less: undistributed earnings to participating securities		(8,938	)		(9,013	)
Net income attributable to common stockholders - basic		3,915			3,595
Less: change in fair value of preferred stock warrant liability (net of tax)		(9,071	)		—
Add: adjustments to undistributed earnings to participating securities		6,503			460
Net income attributable to common stockholders - diluted		1,347			4,055

Denominator:
Weighted-average shares of common stock - basic		26,329,495			24,349,434
Effect of dilutive stock options		5,876,621			4,590,624
Effect of potentially dilutive preferred stock warrants		1,055,966			—
Weighted-average shares of common stock - diluted		33,262,082			28,940,058
Earnings per share attributable to common stockholders:
Basic	$	0.15		$	0.15
Diluted	$	0.04		$	0.14

Schedule of Common Stock Equivalents Excluded from Computation of Diluted Earnings (Loss) Per Share

The following common stock equivalents were excluded from the computation of diluted earnings (loss) per share for the periods presented because including them would have been antidilutive:

	Three Months Ended
	October 28, 2017		October 29, 2016
Convertible preferred stock		59,511,055		59,511,055
Preferred stock warrants		—		1,066,225
Stock options to purchase common stock		954,706		712,925
Total		60,465,761		61,290,205