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Net Income per Share Attributable to Common Stockholders (Tables)
6 Months Ended
Jul. 31, 2018
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 July 31,

 

 

Six Months Ended July 31,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

 

 

 

 

*As adjusted

 

 

 

 

 

*As adjusted

 

 

 

Class A

 

 

Class B

 

 

Class A

 

 

Class B

 

 

Class A

 

 

Class B

 

 

Class A

 

 

Class B

 

Basic

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

42,326

 

 

$

7,960

 

 

$

30,820

 

 

$

7,782

 

 

$

79,137

 

 

$

15,459

 

 

$

59,243

 

 

$

16,355

 

Undistributed earnings allocated to

   participating securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common

   stockholders, basic

 

$

42,326

 

 

$

7,960

 

 

$

30,820

 

 

$

7,782

 

 

$

79,137

 

 

$

15,459

 

 

$

59,243

 

 

$

16,355

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares used in

   computing net income per share

   attributable to common

   stockholders, basic

 

 

120,994

 

 

 

22,754

 

 

 

111,786

 

 

 

28,224

 

 

 

119,857

 

 

 

23,414

 

 

 

109,204

 

 

 

30,147

 

Net income per share attributable to

   common stockholders, basic

 

$

0.35

 

 

$

0.35

 

 

$

0.28

 

 

$

0.28

 

 

$

0.66

 

 

$

0.66

 

 

$

0.54

 

 

$

0.54

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to

   common stockholders, basic

 

$

42,326

 

 

$

7,960

 

 

$

30,820

 

 

$

7,782

 

 

$

79,137

 

 

$

15,459

 

 

$

59,243

 

 

$

16,355

 

Reallocation as a result of

   conversion of Class B to

   Class A common stock:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to

   common stockholders, basic

 

 

7,960

 

 

 

 

 

 

7,782

 

 

 

 

 

 

15,459

 

 

 

 

 

 

16,355

 

 

 

 

Reallocation of net income to

   Class B common stock

 

 

 

 

 

3,177

 

 

 

 

 

 

2,759

 

 

 

 

 

 

6,096

 

 

 

 

 

 

5,391

 

Net income attributable to

   common stockholders, diluted

 

$

50,286

 

 

$

11,137

 

 

$

38,602

 

 

$

10,541

 

 

$

94,596

 

 

$

21,555

 

 

$

75,598

 

 

$

21,746

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares used for basic

   EPS computation

 

 

120,994

 

 

 

22,754

 

 

 

111,786

 

 

 

28,224

 

 

 

119,857

 

 

 

23,414

 

 

 

109,204

 

 

 

30,147

 

Conversion of Class B to Class A

   common stock

 

 

22,754

 

 

 

 

 

 

28,224

 

 

 

 

 

 

23,414

 

 

 

 

 

 

30,147

 

 

 

 

Effect of potentially dilutive

   common shares

 

 

11,668

 

 

 

11,668

 

 

 

13,768

 

 

 

13,768

 

 

 

11,956

 

 

 

11,956

 

 

 

13,950

 

 

 

13,950

 

Weighted average shares used in

   computing net income per share

   attributable to common

   stockholders, diluted

 

 

155,416

 

 

 

34,422

 

 

 

153,778

 

 

 

41,992

 

 

 

155,227

 

 

 

35,370

 

 

 

153,301

 

 

 

44,097

 

Net income per share attributable

   to common stockholders, diluted

 

$

0.32

 

 

$

0.32

 

 

$

0.25

 

 

$

0.25

 

 

$

0.61

 

 

$

0.61

 

 

$

0.49

 

 

$

0.49

 

 

 

 

 

*

See note 1 of the notes to the condensed consolidated financial statements for a summary of adjustments.

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,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Options and awards to purchase shares not included in the

   computation of diluted net income per share because

   their inclusion would be anti-dilutive

 

 

3,157,436

 

 

 

337,503

 

 

 

3,123,695

 

 

 

558,126