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Net Income (Loss) Per Share
 9 Months Ended
Oct. 31, 2023
Earnings Per Share [Abstract]  
Net Income (Loss) Per Share Net Income (Loss) Per Share
Basic net income (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares of common stock outstanding during the period, net of treasury stock. Diluted net income (loss) per share is computed by giving effect to all potentially dilutive shares of common stock, including our convertible senior notes, outstanding warrants related to the issuance of the convertible senior notes, and outstanding share-based awards consisting primarily of unvested RSUs and ESPP obligations. We determine the dilutive effect of outstanding share-based awards and warrants using the treasury stock method, and the dilutive effect of shares underlying our convertible senior notes using the if-converted method.
The net income (loss) per share is allocated based on the contractual participation rights of the Class A common shares and Class B common shares as if the income (loss) for the period had been distributed. As the liquidation and dividend rights are identical, the net income (loss) is allocated on a proportionate basis.
Basic and diluted net loss per share was the same for the three and nine months ended October 31, 2022, as the inclusion of potentially outstanding weighted-average shares of common stock would have been anti-dilutive due to the incurrence of net loss during these periods.
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,
2023202220232022
Class AClass BClass AClass BClass AClass BClass AClass B
Net income (loss) per share, basic:
Numerator:
Net income (loss)$90,101 $23,608 $(58,648)$(16,073)$152,222 $40,283 $(188,757)$(52,295)
Denominator:
Weighted-average shares outstanding, basic207,726 54,427 200,740 55,013 206,184 54,563 198,876 55,099 
Net income (loss) per share, basic$0.43 $0.43 $(0.29)$(0.29)$0.74 $0.74 $(0.95)$(0.95)
Net income (loss) per share, diluted:
Numerator:
Net income (loss)$90,101 $23,608 $(58,648)$(16,073)$152,222 $40,283 $(188,757)$(52,295)
Reallocation of net income as a result of conversion of Class B to Class A common stock23,608 — — — 40,283 — — — 
Reallocation of net income to Class B common stock— (374)— — — (509)— — 
Net income (loss) for diluted calculation113,709 23,234 (58,648)(16,073)192,505 39,774 (188,757)(52,295)
Denominator:
Weighted-average shares outstanding, basic207,726 54,427 200,740 55,013 206,184 54,563 198,876 55,099 
Conversion of Class B to Class A common stock54,427 — — — 54,563 — — — 
Dilutive effect of share-based awards4,224 — — — 3,340 — — — 
Weighted-average shares outstanding, diluted266,377 54,427 200,740 55,013 264,087 54,563 198,876 55,099 
Net income (loss) per share, diluted$0.43 $0.43 $(0.29)$(0.29)$0.73 $0.73 $(0.95)$(0.95)
The computation of diluted net income (loss) per share does not include the effect of the following potentially outstanding weighted-average shares of common stock. 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,
 2023202220232022
Shares related to outstanding share-based awards1,882 16,105 2,774 15,453 
Shares related to the convertible senior notes— 5,182 — 6,928 
Shares subject to warrants related to the issuance of convertible senior notes— 7,818 — 7,818 
Total1,882 29,105 2,774 30,199