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Net Loss Per Share Attributable to Common Stockholders
 9 Months Ended
Apr. 30, 2022
Earnings Per Share [Abstract]  
Net Loss Per Share Attributable to Common Stockholders Net Loss Per Share Attributable to Common Stockholders
Basic and diluted loss per share attributable to common stockholders is presented in conformity with the two-class method required for participating securities: Class A and Class B common stock. The rights of the holders of Class A and Class B common stock are identical, except with respect to voting, conversion, and transfer rights. Each share of Class A common stock is entitled to one vote per share and each share of Class B common stock is entitled to ten votes per share. Each share of Class B common stock is convertible at any time at the option of the stockholder into one share of Class A common stock.
Basic net loss per share attributable to common stockholders is computed by dividing the net loss attributable to common stockholders by the weighted-average number of common shares outstanding during the period.
For the calculation of diluted loss per share, net loss attributable to common stockholders for basic loss per share is adjusted by the effect of dilutive securities. Diluted net loss per share attributable to common stockholders is computed by dividing the net loss attributable to common stockholders by the weighted-average number of common shares outstanding, including all potentially dilutive common shares. The undistributed earnings are allocated based on the contractual participation rights of the Class A and Class B common shares as if the earnings for the year have been distributed. As the liquidation and dividend rights are identical, the undistributed loss is allocated on a proportionate basis. The computation of the diluted net loss per share of Class A common stock assumes the conversion of Class B common stock, while diluted net loss per share of Class B common stock does not assume the conversion of Class A common stock as Class A common stock is not convertible into Class B common stock.
In January 2022, the Company's Board of Directors authorized a share repurchase program to repurchase up to $150.0 million of our outstanding Class A common stock, with no expiration date (the “2022 Repurchase Program”). The actual timing, number and value of shares repurchased in the future will be determined by the Company in its discretion and will depend on a number of factors, including market conditions, applicable legal requirements, our capital needs, and whether there is a better alternative use of capital. Repurchases during any given fiscal period under the 2022 Repurchase Program will reduce the number of weighted-average common shares outstanding for the period.
A reconciliation of the numerator and denominator used in the calculation of basic and diluted loss per share attributable to common stockholders is as follows:
 For the Three Months Ended
 April 30, 2022May 1, 2021
(in thousands, except share and per share amounts)Class AClass BClass AClass B
Numerator:  
Net loss$(59,783)$(18,257)$(12,142)$(6,704)
Net loss attributable to common stockholders - basic(59,783)(18,257)(12,142)(6,704)
Reallocation of undistributed loss as a result of conversion of Class B to Class A shares(18,257)— (6,704)— 
Net loss attributable to common stockholders - diluted$(78,040)$(18,257)$(18,846)$(6,704)
Denominator:   
Weighted-average shares of common stock - basic83,315,758 25,443,444 68,743,748 37,952,472 
Conversion of Class B to Class A common shares outstanding25,443,444 — 37,952,472 — 
Weighted-average shares of common stock - diluted108,759,202 25,443,444 106,696,220 37,952,472 
Loss per share attributable to common stockholders:   
Basic$(0.72)$(0.72)$(0.18)$(0.18)
Diluted$(0.72)$(0.72)$(0.18)$(0.18)


For the Nine Months Ended
 April 30, 2022May 1, 2021
(in thousands, except share and per share amounts)Class AClass BClass AClass B
Numerator:   
Net loss$(83,688)$(27,091)$(18,423)$(11,921)
Net loss attributable to common stockholders - basic(83,688)(27,091)(18,423)(11,921)
Reallocation of undistributed earnings as a result of conversion of Class B to Class A shares(27,091)— (11,921)— 
Net loss attributable to common stockholders - diluted$(110,779)$(27,091)$(30,344)$(11,921)
Denominator:   
Weighted-average shares of common stock - basic82,170,840 26,600,225 64,029,465 41,428,442 
Conversion of Class B to Class A common shares outstanding26,600,225 — 41,428,442 — 
Weighted-average shares of common stock - diluted108,771,065 26,600,225 105,457,907 41,428,442 
Loss per share attributable to common stockholders:   
Basic$(1.02)$(1.02)$(0.29)$(0.29)
Diluted$(1.02)$(1.02)$(0.29)$(0.29)
As the Company has reported net loss for each of the periods presented, all potentially dilutive securities were considered antidilutive. The following common stock equivalents were excluded from the computation of diluted loss per share for the periods presented because including them would have been antidilutive:
 For the Three Months EndedFor the Nine Months Ended
 April 30, 2022May 1, 2021April 30, 2022May 1, 2021
Restricted stock units16,878,676 8,384,774 16,878,676 8,725,064 
Stock options to purchase Class A common stock3,270,987 1,445,964 3,270,987 1,352,936 
Stock options to purchase Class B common stock1,129,507 1,527,146 1,129,507 1,857,297 
Total21,279,170 11,357,884 21,279,170 11,935,297