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Net Income per Share Attributable to Common Stockholders (Tables)
6 Months Ended
Jul. 31, 2014
Numerators and Denominators of the Basic and Diluted EPS Computations for Common Stock

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

 

 

Three Months Ended July 31,

 

 

Six Months Ended July 31,

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

 

Class A

 

 

Class B

 

 

Class A

 

 

Class B

 

 

Class A

 

 

Class B

 

 

Class A

 

 

Class B

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

$

3,330

 

 

$

6,248

 

 

$

 

 

$

5,998

 

 

$

4,428

 

 

$

12,371

 

 

$

 

 

$

10,843

 

Noncumulative dividends on

   convertible preferred stock

 

 

 

 

 

 

 

 

 

 

(140

)

 

 

 

 

 

 

 

 

 

 

 

(280

)

Undistributed earnings allocated to

   participating securities

 

(31

)

 

 

(57

)

 

 

 

 

 

(4,583

)

 

 

(41

)

 

 

(115

)

 

 

 

 

 

(8,341

)

Net income attributable to common

   stockholders, basic

$

3,299

 

 

$

6,191

 

 

$

 

 

$

1,275

 

 

$

4,387

 

 

$

12,256

 

 

$

 

 

$

2,222

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares used in

   computing net income per share

   attributable to common

   stockholders, basic

 

44,261

 

 

 

83,053

 

 

 

 

 

 

24,418

 

 

 

33,113

 

 

 

92,519

 

 

 

 

 

 

23,440

 

Net income per share attributable to

   common stockholders, basic

$

0.07

 

 

$

0.07

 

 

$

 

 

$

0.05

 

 

$

0.13

 

 

$

0.13

 

 

$

 

 

$

0.09

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common

   stockholders, basic

$

3,299

 

 

$

6,191

 

 

$

 

 

$

1,275

 

 

$

4,387

 

 

$

12,256

 

 

$

 

 

$

2,222

 

Reallocation as a result of conversion of

   Class B to Class A common stock:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common

   stockholders, basic

 

6,191

 

 

 

 

 

 

 

 

 

 

 

 

12,256

 

 

 

 

 

 

 

 

 

 

Reallocation of net income to Class B

   common stock

 

 

 

 

369

 

 

 

 

 

 

 

 

 

 

 

 

546

 

 

 

 

 

 

 

Net income attributable to common

   stockholders, diluted

$

9,490

 

 

$

6,560

 

 

$

 

 

$

1,275

 

 

$

16,643

 

 

$

12,802

 

 

$

 

 

$

2,222

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares used for basic

   EPS computation

 

44,261

 

 

 

83,053

 

 

 

 

 

 

24,418

 

 

 

33,113

 

 

 

92,519

 

 

 

 

 

 

23,440

 

Conversion of Class B to Class A

   common stock

 

83,053

 

 

 

 

 

 

 

 

 

 

 

 

92,519

 

 

 

 

 

 

 

 

 

 

Effect of potentially dilutive

   common shares

 

16,039

 

 

 

16,039

 

 

 

 

 

 

12,620

 

 

 

17,874

 

 

 

17,874

 

 

 

 

 

 

12,393

 

Weighted average shares used in

   computing net income per share

   attributable to common stockholders,

   diluted

 

143,353

 

 

 

99,092

 

 

 

 

 

 

37,038

 

 

 

143,506

 

 

 

110,393

 

 

 

 

 

 

35,833

 

Net income per share attributable to

   common stockholders, diluted

$

0.07

 

 

$

0.07

 

 

$

 

 

$

0.03

 

 

$

0.12

 

 

$

0.12

 

 

$

 

 

$

0.06

 

 

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

July 31,

 

 

Six Months Ended

July 31,

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

Options to purchase shares not included in the computation of diluted net income per share because their inclusion would be anti-dilutive

 

826,772

 

 

 

3,911,313

 

 

 

700,903

 

 

 

11,136,748