Net Income per Share (Tables)

3 Months Ended

Oct. 31, 2012

Company's basic and diluted net income (loss) per share

The following table sets forth the computation of the Company’s basic and diluted net income per share for the three months ended October 31, 2012 and 2011:



	Three Months Ended October 31,
	2012		2011
	(in thousands, except share and per share amounts)
Numerator:
Net income	$	447	$	4,812
Non-cumulative dividends to preferred stockholders	—		(823		)
Undistributed earnings allocated to preferred stockholders	—		(2,534		)
Net income, basic	447		1,455
Adjustments to net income for dilutive options and restricted stock options	—		358
Net income, diluted	$	447	$	1,813
Net income per share:
Basic	$	0.01	$	0.10
Diluted	$	0.01	$	0.09
Denominator:
Weighted average shares used in computing net income per share:
Basic	54,814,044		14,554,428
Weighted average effect of diluted stock options	4,247,804		3,630,168
Weighted average effect of dilutive restricted stock units	2,123,422		2,937,891
Weighted average effect of dilutive stock warrants (1)	—		30,953
Diluted	61,185,270		21,153,440


(1)	Series C convertible preferred stock warrants were automatically converted to equivalent common stock warrants upon the Company’s IPO on January 24, 2012 and were converted or cancelled as of April 30, 2012.

Schedule of Antidilutive Securities excluded from EPS

The following outstanding shares of common stock equivalents were excluded from the computation of diluted net income per share for the periods presented because including them would have been antidilutive:



	Three Months Ended October 31,
	2012	2011
Stock options to purchase common stock	199,368	510,288
Restricted stock units	195,552	—