| 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 October 31, |
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Nine Months Ended October 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 |
$ |
10,455 |
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$ |
16,967 |
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$ |
22,930 |
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$ |
30,260 |
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| Denominator: |
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| Weighted-average shares outstanding used in computing net income per share, basic |
253,807 |
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271,202 |
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262,030 |
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268,596 |
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Net income per common share, basic |
$ |
0.04 |
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$ |
0.06 |
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$ |
0.09 |
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$ |
0.11 |
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| Net income per share – diluted: |
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| Numerator: |
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| Net income |
$ |
10,455 |
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$ |
16,967 |
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$ |
22,930 |
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$ |
30,260 |
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| Denominator: |
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Weighted-average shares outstanding used in computing net income per share, basic |
253,807 |
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271,202 |
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262,030 |
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268,596 |
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| Weighted-average effect of diluted securities: |
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| Stock options |
5,701 |
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12,059 |
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8,024 |
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12,067 |
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| RSUs |
2,464 |
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4,072 |
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4,971 |
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4,743 |
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| Common stock warrants |
— |
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|
742 |
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68 |
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|
579 |
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| ESPP |
— |
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46 |
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16 |
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— |
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Weighted-average shares outstanding used in computing net income per share, diluted |
261,972 |
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288,121 |
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275,109 |
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285,985 |
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Net income per common share, diluted |
$ |
0.04 |
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$ |
0.06 |
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$ |
0.08 |
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$ |
0.11 |
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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 October 31, |
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Nine Months Ended October 31, |
| (in thousands) |
2024 |
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2023 |
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2024 |
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2023 |
| Stock options |
5,909 |
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2,544 |
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5,127 |
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2,832 |
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PSUs |
780 |
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780 |
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780 |
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|
780 |
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| RSUs |
7,156 |
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19 |
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2,300 |
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466 |
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| ESPP |
16 |
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— |
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— |
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493 |
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| Warrants to purchase common stock |
628 |
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— |
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— |
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— |
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Total shares excluded from net income per share |
14,489 |
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3,343 |
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8,207 |
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4,571 |
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