| Schedule of Computation of Basic and Diluted Net Income Per Share |
The following table sets forth the computation of basic and diluted net income 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 data) |
2024 |
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2023 |
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2024 |
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2023 |
Net income per share – basic: |
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| Numerator: |
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Net income |
$ |
1,841 |
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$ |
10,485 |
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$ |
12,475 |
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$ |
13,293 |
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| Denominator: |
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| Weighted-average shares outstanding used in computing net income per share, basic |
260,830 |
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268,900 |
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266,187 |
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267,271 |
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Net income per common share, basic |
$ |
0.01 |
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$ |
0.04 |
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$ |
0.05 |
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$ |
0.05 |
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| Net income per share – diluted: |
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| Numerator: |
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Net income |
$ |
1,841 |
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$ |
10,485 |
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$ |
12,475 |
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$ |
13,293 |
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| Denominator: |
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Weighted-average shares outstanding used in computing net income per share, basic |
260,830 |
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268,900 |
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266,187 |
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267,271 |
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| Weighted-average effect of diluted securities: |
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| Stock options |
7,953 |
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11,259 |
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9,021 |
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11,128 |
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| RSUs |
3,057 |
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3,069 |
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4,167 |
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4,072 |
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| Common stock warrants |
94 |
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625 |
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320 |
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480 |
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Weighted-average shares outstanding used in computing net income per share, diluted |
271,934 |
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283,853 |
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279,695 |
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282,951 |
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Net income per common share, diluted |
$ |
0.01 |
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$ |
0.04 |
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$ |
0.04 |
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$ |
0.05 |
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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) |
2024 |
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2023 |
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2024 |
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2023 |
| Stock options |
5,364 |
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2,591 |
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5,171 |
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6,705 |
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PSUs |
780 |
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1,330 |
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780 |
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1,330 |
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| RSUs |
3,212 |
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650 |
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1,426 |
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692 |
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| ESPP |
84 |
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164 |
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92 |
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321 |
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Total shares excluded from net income per share |
9,440 |
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4,735 |
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7,469 |
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9,048 |
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