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Net Income per Share Attributable to Common Stockholders (Tables)
9 Months Ended
Oct. 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 October 31,

 

 

Nine Months Ended October 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

 

$

54,592

 

 

$

9,493

 

 

$

28,463

 

 

$

6,462

 

 

$

133,568

 

 

$

25,113

 

 

$

87,791

 

 

$

22,732

 

Undistributed earnings allocated to

   participating securities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to common

   stockholders, basic

 

$

54,592

 

 

$

9,493

 

 

$

28,463

 

 

$

6,462

 

 

$

133,568

 

 

$

25,113

 

 

$

87,791

 

 

$

22,732

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares used in

   computing net income per share

   attributable to common

   stockholders, basic

 

 

123,297

 

 

 

21,440

 

 

 

114,794

 

 

 

26,063

 

 

 

121,013

 

 

 

22,752

 

 

 

111,093

 

 

 

28,765

 

Net income per share attributable to

   common stockholders, basic

 

$

0.44

 

 

$

0.44

 

 

$

0.25

 

 

$

0.25

 

 

$

1.10

 

 

$

1.10

 

 

$

0.79

 

 

$

0.79

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Numerator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to

   common stockholders, basic

 

$

54,592

 

 

$

9,493

 

 

$

28,463

 

 

$

6,462

 

 

$

133,568

 

 

$

25,113

 

 

$

87,791

 

 

$

22,732

 

Reallocation as a result of

   conversion of Class B to

   Class A common stock:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to

   common stockholders, basic

 

 

9,493

 

 

 

 

 

 

6,462

 

 

 

 

 

 

25,113

 

 

 

 

 

 

22,732

 

 

 

 

Reallocation of net income to

   Class B common stock

 

 

 

 

 

3,950

 

 

 

 

 

 

2,473

 

 

 

 

 

 

10,243

 

 

 

 

 

 

7,754

 

Net income attributable to

   common stockholders, diluted

 

$

64,085

 

 

$

13,443

 

 

$

34,925

 

 

$

8,935

 

 

$

158,681

 

 

$

35,356

 

 

$

110,523

 

 

$

30,486

 

Denominator

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of shares used for basic

   EPS computation

 

 

123,297

 

 

 

21,440

 

 

 

114,794

 

 

 

26,063

 

 

 

121,013

 

 

 

22,752

 

 

 

111,093

 

 

 

28,765

 

Conversion of Class B to Class A

   common stock

 

 

21,440

 

 

 

 

 

 

26,063

 

 

 

 

 

 

22,752

 

 

 

 

 

 

28,765

 

 

 

 

Effect of potentially dilutive

   common shares

 

 

11,288

 

 

 

11,288

 

 

 

13,399

 

 

 

13,399

 

 

 

11,941

 

 

 

11,941

 

 

 

13,551

 

 

 

13,551

 

Weighted average shares used in

   computing net income per share

   attributable to common

   stockholders, diluted

 

 

156,025

 

 

 

32,728

 

 

 

154,256

 

 

 

39,462

 

 

 

155,706

 

 

 

34,693

 

 

 

153,409

 

 

 

42,316

 

Net income per share attributable

   to common stockholders, diluted

 

$

0.41

 

 

$

0.41

 

 

$

0.23

 

 

$

0.23

 

 

$

1.02

 

 

$

1.02

 

 

$

0.72

 

 

$

0.72

 

 

 

 

 

*

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

October 31,

 

 

Nine Months Ended

October 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

 

 

3,066,006

 

 

 

26,179

 

 

 

3,065,009

 

 

 

645,311