Fiscal Year Ended April 30,

2023

2022

2021

Numerator

Net income

$

560

$

127,672

$

11,212

Series E preferred stock accumulated dividends

–

(4,455

)

Impact of Series E preferred stock redemption

–

(3,439

)

Net income attributable to common stockholders, basic

$

560

$

127,672

$

3,318

Add interest expense on Convertible Notes, net of tax

–

1,954

–

Net income attributable to common stockholders, diluted

$

560

$

129,626

$

3,318

Denominator

Weighted average basic common shares outstanding

62,268

61,484

58,222

Effect of dilutive securities:

Stock options

1,248

1,830

909

RSUs, PSUs and ESPP

266

384

295

Convertible Notes

–

6,776

–

Weighted average dilutive common shares outstanding

63,782

70,474

59,426

Net income per share attributable to common stockholders:

Basic

$

0.01

$

2.08

$

0.06

Diluted

$

0.01

$

1.84

$

0.06