Net Income per Share (Tables)

9 Months Ended

Oct. 31, 2023

Earnings Per Share [Abstract]

Schedule of Numerators and Denominators of the Basic and Diluted EPS Computations for Common Stock

The numerators and denominators of the basic and diluted net income per share computations for our common stock are calculated as follows (in thousands, except per share data):

	Three months ended October 31,								Nine months ended October 31,
	2023				2022				2023				2022
	Class A		Class B(1)		Class A		Class B		Class A		Class B(1)		Class A		Class B
Basic
Numerator
Net income, basic	$	124,569	$	10,589	$	98,151	$	10,306	$	345,597	$	32,710	$	270,666	$	28,507
Denominator
Weighted average shares used in computing net income per share, basic	148,172		12,596		140,626		14,766		146,480		13,864		140,193		14,765
Net income per share, basic	$	0.84	$	0.84	$	0.70	$	0.70	$	2.36	$	2.36	$	1.93	$	1.93
Diluted
Numerator
Net income, basic	$	124,569	$	10,589	$	98,151	$	10,306	$	345,597	$	32,710	$	270,666	$	28,507
Reallocation as a result of conversion of Class B to Class A common stock:
Net income, basic	10,589		—		10,306		—		32,710		—		28,507		—
Reallocation of net income to Class B common stock	—		2,277		—		4,175		—		5,901		—		12,067
Net income, diluted	$	135,158	$	12,866	$	108,457	$	14,481	$	378,307	$	38,611	$	299,173	$	40,574
Denominator
Number of shares used for basic net income per share computation	148,172		12,596		140,626		14,766		146,480		13,864		140,193		14,765
Conversion of Class B to Class A common stock	12,596		—		14,766		—		13,864		—		14,765		—
Effect of potentially dilutive common shares	2,993		2,993		6,903		6,903		2,785		2,785		7,231		7,231
Weighted average shares used in computing net income per share, diluted	163,761		15,589		162,295		21,669		163,129		16,649		162,189		21,996
Net income per share, diluted	$	0.83	$	0.83	$	0.67	$	0.67	$	2.32	$	2.32	$	1.84	$	1.84
(1) Net income per share attributable to Class B common stock was determined for the relevant periods through October 15, 2023. See note 11 Stockholders’ Equity.

Schedule of Potential Common Share Equivalents Excluded where the Inclusion would be Anti-dilutive

Potential common share equivalents excluded where the inclusion would be anti-dilutive are as follows:

	Three months ended October 31,		Nine months ended October 31,
	2023	2022	2023	2022
Options and awards	6,340,276	5,022,968	6,615,821	4,363,631