Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share |
The following table sets forth the computation of basic and diluted net income (loss) per share:
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Three Months Ended July 31, |
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Six Months Ended July 31, |
(in thousands, except per share amounts) |
2023 |
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2022 |
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2023 |
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2022 |
Net income (loss) per share – basic: |
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Numerator: |
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Net income (loss) |
$ |
10,485 |
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$ |
(23,927) |
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$ |
13,293 |
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$ |
(49,215) |
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Denominator: |
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Weighted-average shares outstanding used in computing net income (loss) per share, basic |
268,900 |
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258,785 |
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267,271 |
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257,860 |
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Net income (loss) per common share, basic |
$ |
0.04 |
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$ |
(0.09) |
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$ |
0.05 |
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$ |
(0.19) |
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Net income (loss) per share – diluted: |
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Numerator: |
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Net income (loss) |
$ |
10,485 |
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$ |
(23,927) |
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$ |
13,293 |
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$ |
(49,215) |
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Denominator: |
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Weighted-average shares outstanding used in computing net income (loss) per share, basic |
268,900 |
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258,785 |
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267,271 |
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257,860 |
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Weighted-average effect of diluted securities: |
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Stock options |
11,259 |
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— |
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11,128 |
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— |
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RSUs |
3,069 |
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— |
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4,072 |
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— |
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Common stock warrants |
625 |
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— |
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480 |
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— |
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Weighted-average shares outstanding used in computing net income (loss) per share, diluted |
283,853 |
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258,785 |
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282,951 |
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257,860 |
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Net income (loss) per common share, diluted |
$ |
0.04 |
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$ |
(0.09) |
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$ |
0.05 |
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$ |
(0.19) |
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Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
Potentially dilutive securities that were not included in the diluted per share calculations because they would be anti-dilutive were as follows:
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Three Months Ended July 31, |
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Six Months Ended July 31, |
(in thousands) |
2023 |
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2022 |
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2023 |
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2022 |
Stock options |
2,591 |
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38,117 |
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6,705 |
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38,117 |
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PSUs and other performance-based awards |
1,330 |
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2,295 |
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1,330 |
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2,295 |
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RSUs |
650 |
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8,679 |
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692 |
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8,679 |
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ESPP |
164 |
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139 |
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321 |
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139 |
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Warrants to purchase common stock |
— |
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2,500 |
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— |
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2,500 |
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Total shares excluded from net income (loss) per share |
4,735 |
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51,730 |
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9,048 |
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51,730 |
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