XML 36 R18.htm IDEA: XBRL DOCUMENT v3.20.4
Net Income Per Share Attributable to Common Stockholders
 12 Months Ended
Jan. 31, 2021
Earnings Per Share [Abstract]  
Net Income Per Share Attributable to Common Stockholders Net Income Per Share Attributable to Common Stockholders
The following table sets forth the computation of basic and diluted net income per share attributable to common stockholders for the periods presented:
Year Ended January 31,
202120202019
Class AClass BClass AClass BClass AClass B
Numerator:(in thousands, except share and per share data)
Net income$432,968 $239,348 $5,450 $19,855 $— $7,584 
Less: undistributed earnings attributable to participating securities— (789)— (3,555)— (7,584)
Net income attributable to common stockholders, basic$432,968 $238,559 $5,450 $16,300 $— $0 
Reallocation of net income attributable to common stockholders(14,321)14,321 (439)439 — 0 
Net income attributable to common stockholders, diluted$418,647 $252,880 $5,011 $16,739 $— $0 
Denominator:
Weighted-average shares used in computing net income per share attributable to common stockholders, basic
183,015,245 100,838,409 58,541,269 175,100,067 — 84,483,094 
Weighted-average shares used in computing net income per share attributable to common stockholders, diluted
185,860,412 112,267,257 58,583,874 195,714,140 — 116,005,681 
Net income per share attributable to common stockholders, basic
$2.37 $2.37 $0.09 $0.09 $— $0.00 
Net income per share attributable to common stockholders, diluted
$2.25 $2.25 $0.09 $0.09 $— $0.00 
The potential shares of common stock that were excluded from the computation of diluted net income per share attributable to common stockholders for the periods presented because including them would have been anti-dilutive are as follows:
Year Ended January 31,
202120202019
Class AClass BClass AClass BClass AClass B
Outstanding stock options51,444 — 141,782 — — 3,541,878 
Unvested RSUs98,941 — 606,971 — — — 
Purchase rights committed under the ESPP
14,951 — 1,180,664 — — — 
Total165,336 — 1,929,417 — — 3,541,878 
The table above does not include 405,156 and 500,000 shares of issued Class A common stock held by us as of January 31, 2021 and 2020, respectively, that are reserved for the sole purpose of being transferred to nonprofit organizations.
In October 2018, we entered into a strategic partnership with Dropbox, Inc. (“Dropbox”), a global collaboration platform company, which involves the development of technology enabling integrated workflows for users between our platform and the Dropbox platform, as well as a strategic partnership with Atlassian, Inc. (“Atlassian”), a collaboration software company, which involves the development of technology enabling integrated workflows for users between our platform and Atlassian’s Jira Ops and Jira Service Desk products. As of January 31, 2019, we had issued unsecured three-year convertible promissory notes in the principal amounts of $5.0 million and $10.0 million to Dropbox and Atlassian, respectively, which accrued simple interest at 2.75% and 5.0% per annum, respectively. The convertible promissory notes are contingently convertible (convertible upon completion of an IPO or a qualified financing event), and the conditions for the convertible feature were not satisfied as of January 31, 2019. For fiscal year ended January 31, 2019, we have excluded these potential dilutive shares from the calculation of diluted net income per share attributable to common stockholders.