Summary of Calculation of Basic and Diluted Net Income (Loss) Per Share |
The following table presents the calculation of basic and diluted net income (loss) per share (in thousands, except per share data): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended October 31, | | Nine Months Ended October 31, | | 2022 | | 2021 | | 2022 | | 2021 | | Class A | | Class B | | Class A | | Class B | | Class A | | Class B | | Class A | | Class B | Net income (loss) per share, basic: | | | | | | | | | | | | | | | | Numerator: | | | | | | | | | | | | | | | | Net income (loss) | $ | (58,648) | | | $ | (16,073) | | | $ | 33,417 | | | $ | 9,995 | | | $ | (188,757) | | | $ | (52,295) | | | $ | 78,546 | | | $ | 24,080 | | Denominator: | | | | | | | | | | | | | | | | Weighted-average shares outstanding, basic | 200,740 | | | 55,013 | | | 191,259 | | | 57,209 | | | 198,876 | | | 55,099 | | | 188,546 | | | 57,802 | | Net income (loss) per share, basic | $ | (0.29) | | | $ | (0.29) | | | $ | 0.17 | | | $ | 0.17 | | | $ | (0.95) | | | $ | (0.95) | | | $ | 0.42 | | | $ | 0.42 | | Net income (loss) per share, diluted: | | | | | | | | | | | | | | | | Numerator: | | | | | | | | | | | | | | | | Net income (loss) | $ | (58,648) | | | $ | (16,073) | | | $ | 33,417 | | | $ | 9,995 | | | $ | (188,757) | | | $ | (52,295) | | | $ | 78,546 | | | $ | 24,080 | | | | | | | | | | | | | | | | | | Reallocation of net income as a result of conversion of Class B to Class A common stock | — | | | — | | | 9,995 | | | — | | | — | | | — | | | 24,080 | | | — | | Reallocation of net income to Class B common stock | — | | | — | | | — | | | (247) | | | — | | | — | | | — | | | (718) | | Net income (loss) for diluted calculation | (58,648) | | | (16,073) | | | 43,412 | | | 9,748 | | | (188,757) | | | (52,295) | | | 102,626 | | | 23,362 | | Denominator: | | | | | | | | | | | | | | | | Weighted-average shares outstanding, basic | 200,740 | | | 55,013 | | | 191,259 | | | 57,209 | | | 198,876 | | | 55,099 | | | 188,546 | | | 57,802 | | Conversion of Class B to Class A common stock | — | | | — | | | 57,209 | | | — | | | — | | | — | | | 57,802 | | | — | | Dilutive effect of share-based awards | — | | | — | | | 4,933 | | | — | | | — | | | — | | | 6,456 | | | — | | | | | | | | | | | | | | | | | | Dilutive effect of warrants related to the issuance of convertible senior notes | — | | | — | | | 1,359 | | | — | | | — | | | — | | | 1,113 | | | — | | Weighted-average shares outstanding, diluted | 200,740 | | | 55,013 | | | 254,760 | | | 57,209 | | | 198,876 | | | 55,099 | | | 253,917 | | | 57,802 | | Net income (loss) per share, diluted | $ | (0.29) | | | $ | (0.29) | | | $ | 0.17 | | | $ | 0.17 | | | $ | (0.95) | | | $ | (0.95) | | | $ | 0.40 | | | $ | 0.40 | |
|
Shares Excluded from Diluted Net Income (Loss) Per Share |
The effects of these potentially outstanding shares were not included in the calculation of diluted net income (loss) per share because the effect would have been anti-dilutive (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended October 31, | | Nine Months Ended October 31, | | 2022 | | 2021 | | 2022 | | 2021 | Shares related to outstanding share-based awards | 16,105 | | | 151 | | | 15,453 | | | 1,801 | | Shares related to the convertible senior notes | 5,182 | | | 7,817 | | | 6,928 | | | 7,817 | | Shares subject to warrants related to the issuance of convertible senior notes | 7,818 | | | — | | | 7,818 | | | — | | Total | 29,105 | | | 7,968 | | | 30,199 | | | 9,618 | |
|