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.

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 income (loss) per share was the same for the three and six months ended July 31, 2023, and 2022. For the three and six months ended July 31, 2022, potentially dilutive securities were excluded from the computation of diluted net income (loss) per share calculations because the impact of including them would have been anti-dilutive.


	Three Months Ended July 31,								Six Months Ended July 31,
	2023				2022				2023				2022
	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)	$	62,207	$	16,453	$	(50,282)	$	(13,876)	$	62,241	$	16,555	$	(130,088)	$	(36,243)
Denominator:
Weighted-average shares outstanding, basic	206,559		54,632		199,342		55,013		205,393		54,633		197,928		55,143
Net income (loss) per share, basic	$	0.30	$	0.30	$	(0.25)	$	(0.25)	$	0.30	$	0.30	$	(0.66)	$	(0.66)
Net income (loss) per share, diluted:
Numerator:
Net income (loss)	$	62,207	$	16,453	$	(50,282)	$	(13,876)	$	62,241	$	16,555	$	(130,088)	$	(36,243)
Reallocation of net income as a result of conversion of Class B to Class A common stock	16,453		—		—		—		16,555		—		—		—
Reallocation of net income to Class B common stock	—		(202)		—		—		—		(182)		—		—
Net income (loss) for diluted calculation	78,660		16,251		(50,282)		(13,876)		78,796		16,373		(130,088)		(36,243)
Denominator:
Weighted-average shares outstanding, basic	206,559		54,632		199,342		55,013		205,393		54,633		197,928		55,143
Conversion of Class B to Class A common stock	54,632		—		—		—		54,633		—		—		—
Dilutive effect of share-based awards	3,244		—		—		—		2,897		—		—		—
Weighted-average shares outstanding, diluted	264,435		54,632		199,342		55,013		262,923		54,633		197,928		55,143
Net income (loss) per share, diluted	$	0.30	$	0.30	$	(0.25)	$	(0.25)	$	0.30	$	0.30	$	(0.66)	$	(0.66)

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 July 31,		Six Months Ended July 31,
	2023	2022	2023	2022
Shares related to outstanding share-based awards	2,531	16,599	3,220	15,127
Shares related to the convertible senior notes	—	7,815	—	7,816
Shares subject to warrants related to the issuance of convertible senior notes	—	7,818	—	7,818
Total	2,531	32,232	3,220	30,761