Schedule of Earnings Per Share, Basic and Diluted |
The following table presents the reconciliation of the numerator and denominator for calculating basic and diluted net income per share (in thousands, except per share data): | | | | | | | | | | | | | | | | | | | Fiscal Year Ended March 31, | | 2022 | | 2021 | | 2020 | Numerator | | | | | | Net income | $ | 154,783 | | | $ | 50,210 | | | $ | 29,737 | | Less: undistributed earnings attributable to participating securities | (21,526) | | | (28,654) | | | (18,908) | | Net income attributable to Class A and Class B common stockholders, basic and diluted | $ | 133,257 | | | $ | 21,556 | | | $ | 10,829 | | Denominator | | | | | | Weighted-average shares used in computing net income per share attributable to Class A and Class B common stockholders, basic | 163,484 | | | 74,342 | | | 66,758 | | Dilutive effect of assumed exercise of options to purchase common stock | 27,290 | | | 20,612 | | | 14,892 | | | | | | | | Dilutive effect of assumed exercise of common stock warrants | 234 | | | 180 | | | 60 | | Dilutive effect of other share-based awards | 9 | | | — | | | — | | Weighted-average shares used in computing net income per share attributable to Class A and Class B common stockholders, diluted | 191,017 | | | 95,134 | | | 81,710 | | Net income per share attributable to Class A and Class B common stockholders, basic | $ | 0.82 | | | $ | 0.29 | | | $ | 0.16 | | Net income per share attributable to Class A and Class B common stockholders, diluted | $ | 0.70 | | | $ | 0.23 | | | $ | 0.13 | |
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Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
Certain potentially dilutive securities have been excluded from the calculation of diluted net income per share during the applicable periods because their inclusion would have been anti-dilutive (in thousands): | | | | | | | | | | | | | | | | | | | Fiscal Year Ended March 31, | | 2022 | | 2021 | | 2020 | Redeemable convertible preferred stock | — | | | 76,287 | | | 76,287 | | | | | | | | Stock options | — | | | — | | | 578 | | Other share-based awards | 217 | | | — | | | — | | Common stock warrants | 247 | | | — | | | — | | Total | 464 | | | 76,287 | | | 76,865 | |
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