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Net Income per Share Attributable to Common Stockholders (Tables)
9 Months Ended
Oct. 31, 2014
Earnings Per Share [Abstract]  
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 October 31,

 

 

Nine Months Ended October 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

$

4,358

 

 

$

5,900

 

 

$

328

 

 

$

6,197

 

 

$

8,630

 

 

$

18,427

 

 

$

365

 

 

$

17,003

 

Noncumulative dividends on

   convertible preferred stock

 

 

 

 

 

 

 

(6

)

 

 

(119

)

 

 

 

 

 

 

 

 

(8

)

 

 

(396

)

Undistributed earnings allocated to

   participating securities

 

(25

)

 

 

(35

)

 

 

(204

)

 

 

(3,857

)

 

 

(66

)

 

 

(140

)

 

 

(260

)

 

 

(12,091

)

Net income attributable to common

   stockholders, basic

$

4,333

 

 

$

5,865

 

 

$

118

 

 

$

2,221

 

 

$

8,564

 

 

$

18,287

 

 

$

97

 

 

$

4,516

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares used in

   computing net income per share

   attributable to common

   stockholders, basic

 

54,897

 

 

 

74,315

 

 

 

1,800

 

 

 

34,002

 

 

 

40,454

 

 

 

86,382

 

 

 

600

 

 

 

27,919

 

Net income per share attributable to

   common stockholders, basic

$

0.08

 

 

$

0.08

 

 

$

0.07

 

 

$

0.07

 

 

$

0.21

 

 

$

0.21

 

 

$

0.16

 

 

$

0.16

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common

   stockholders, basic

$

4,333

 

 

$

5,865

 

 

$

118

 

 

$

2,221

 

 

$

8,564

 

 

$

18,287

 

 

$

97

 

 

$

4,516

 

Add back of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Noncumulative dividends on convertible

   preferred stock

 

 

 

 

 

 

 

6

 

 

 

119

 

 

 

 

 

 

 

 

 

8

 

 

 

396

 

Undistributed earnings allocated to

   participating securities

 

 

 

 

 

 

 

204

 

 

 

3,857

 

 

 

 

 

 

 

 

 

260

 

 

 

12,091

 

Reallocation as a result of conversion of

   Class B to Class A common stock:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common

   stockholders, basic

 

5,865

 

 

 

 

 

 

2,221

 

 

 

 

 

 

18,287

 

 

 

 

 

 

4,516

 

 

 

 

Noncumulative dividends on convertible

   preferred stock

 

 

 

 

 

 

 

119

 

 

 

 

 

 

 

 

 

 

 

 

 

396

 

 

 

 

 

Undistributed earnings allocated to

   participating securities

 

 

 

 

 

 

 

3,857

 

 

 

 

 

 

 

 

 

 

 

 

 

12,091

 

 

 

 

 

Reallocation of net income to Class B

   common stock

 

 

 

 

453

 

 

 

(138

)

 

 

(138

)

 

 

 

 

 

1,025

 

 

 

(431

)

 

 

(431

)

Net income attributable to common

   stockholders, diluted

$

10,198

 

 

$

6,318

 

 

$

6,387

 

 

$

6,059

 

 

$

26,851

 

 

$

19,312

 

 

$

16,937

 

 

$

16,572

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares used for basic

   EPS computation

 

54,897

 

 

 

74,315

 

 

 

1,800

 

 

 

34,002

 

 

 

40,454

 

 

 

86,382

 

 

 

600

 

 

 

27,919

 

Conversion of Class B to Class A

   common stock

 

74,315

 

 

 

 

 

 

34,002

 

 

 

 

 

 

86,382

 

 

 

 

 

 

27,919

 

 

 

 

Effect of potentially dilutive

   common shares

 

15,077

 

 

 

15,077

 

 

 

19,639

 

 

 

19,639

 

 

 

17,246

 

 

 

17,246

 

 

 

18,939

 

 

 

18,939

 

Effect of conversion of preferred stock

   upon IPO

 

 

 

 

 

 

 

76,522

 

 

 

76,522

 

 

 

 

 

 

 

 

 

82,143

 

 

 

82,143

 

Weighted average shares used in

   computing net income per share

   attributable to common stockholders,

   diluted

 

144,289

 

 

 

89,392

 

 

 

131,963

 

 

 

130,163

 

 

 

144,082

 

 

 

103,628

 

 

 

129,601

 

 

 

129,001

 

Net income per share attributable to

   common stockholders, diluted

$

0.07

 

 

$

0.07

 

 

$

0.05

 

 

$

0.05

 

 

$

0.19

 

 

$

0.19

 

 

$

0.13

 

 

$

0.13

 

 

 

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,

 

 

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

 

767,413

 

 

 

35,304

 

 

 

332,458

 

 

 

38,714