| Net Income Per Share |
Net Income Per Share The following table sets forth the computation of basic and diluted net income per share for the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended April 30, | | | | 2024 | | 2023 | | | | | | Class A | | Class B | | Class A | | Class B | | | | | | | | | | (in thousands, except share and per share data) | | Numerator: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income, basic | $ | 184,070 | | | $ | 32,238 | | | $ | 13,004 | | | $ | 2,440 | | | | | | | | | | | Reallocation of net income | (1,292) | | | 1,292 | | | (135) | | | 135 | | | | | | | | | | | Net income, diluted | $ | 182,778 | | | $ | 33,530 | | | $ | 12,869 | | | $ | 2,575 | | | | | | | | | | | Denominator: | | | | | | | | | | | | | | | | | Weighted-average shares used in computing net income per share, basic | 262,693,481 | | | 46,007,101 | | | 248,731,065 | | | 46,678,142 | | | | | | | | | | | Weighted-average shares used in computing net income per share, diluted | 266,476,843 | | | 48,883,835 | | | 253,394,377 | | | 50,721,536 | | | | | | | | | | | Net income per share, basic | $ | 0.70 | | | $ | 0.70 | | | $ | 0.05 | | | $ | 0.05 | | | | | | | | | | | Net income per share, diluted | $ | 0.69 | | | $ | 0.69 | | | $ | 0.05 | | | $ | 0.05 | | | | | | | | | |
The potential shares of common stock that were excluded from the computation of diluted net income per share for the periods presented, because including them would have been anti-dilutive, are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended April 30, | | | | 2024 | | 2023 | | | | | | Class A | | Class B | | Class A | | Class B | | | | | | | | | | Unvested RSUs | 10,342,542 | | | — | | | 10,884,907 | | | — | | | | | | | | | | | Purchase rights committed under the ESPP | 1,040,285 | | | — | | | 2,068,828 | | | — | | | | | | | | | | | Outstanding stock options | 102,354 | | | — | | | 124,051 | | | — | | | | | | | | | | | Total | 11,485,181 | | | — | | | 13,077,786 | | | — | | | | | | | | | |
The table above does not include 405,156 shares of issued Class A common stock held by us as of April 30, 2024 and 2023 that are reserved for the sole purpose of being transferred to nonprofit organizations.
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