Net Income per Share (Tables)

6 Months Ended

Jul. 31, 2020

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,
			2020									2019									2020				2019
			Class A			Class B			Class A			Class B			Class A			Class B			Class A			Class B
Basic
Numerator
Net income, basic	$	84,130		$	9,421		$	70,154		$	9,088		$	161,912		$	18,209		$	133,773		$	18,918
Denominator
Weighted average shares used in computing net income per share, basic	135,266			15,147			130,592			16,918			134,820			15,162			128,888			18,228
Net income per share, basic	$	0.62		$	0.62		$	0.54		$	0.54		$	1.20		$	1.20		$	1.04		$	1.04
Diluted
Numerator
Net income, basic	$	84,130		$	9,421		$	70,154		$	9,088		$	161,912		$	18,209		$	133,773		$	18,918
Reallocation as a result of conversion of Class B to Class A common stock:
Net income, basic	9,421			—			9,088			—			18,209			—			18,918			—
Reallocation of net income to Class B common stock	—			5,454			—			4,937			—			10,430			—			9,482
Net income, diluted	$	93,551		$	14,875		$	79,242		$	14,025		$	180,121		$	28,639		$	152,691		$	28,400
Denominator
Number of shares used for basic EPS computation	135,266			15,147			130,592			16,918			134,820			15,162			128,888			18,228
Conversion of Class B to Class A common stock	15,147			—			16,918			—			15,162			—			18,228			—
Effect of potentially dilutive common shares	10,427			10,427			11,165			11,165			10,327			10,327			11,223			11,223
Weighted average shares used in computing net income per share, diluted	160,840			25,574			158,675			28,083			160,309			25,489			158,339			29,451
Net income per share, diluted	$	0.58		$	0.58		$	0.50		$	0.50		$	1.12		$	1.12		$	0.96		$	0.96

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,
		2020		2019		2020		2019
Options and awards to purchase shares not included in the computation of diluted net income per share because their inclusion would be anti-dilutive	1,220,527		1,328,474		904,570		841,654