XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 31, 2021
Jul. 31, 2020
Jul. 31, 2021
Jul. 31, 2020
Income Statement [Abstract]        
Net sales $ 483,081 $ 297,212 $ 1,002,991 $ 702,343
Cost of goods sold 290,203 162,519 614,644 443,249
Gross profit 192,878 134,693 388,347 259,094
Selling, general and administrative expenses 146,840 122,102 288,443 276,722
Depreciation and amortization 7,098 9,691 14,142 19,558
Loss on lease modifications   14,302   17,489
Operating profit (loss) 38,940 (11,402) 85,762 (54,675)
Other income (loss) 1,975 1,943 3,795 (113)
Interest and financing charges, net (12,574) (9,177) (24,578) (19,556)
Income (loss) before income taxes 28,341 (18,636) 64,979 (74,344)
Income tax expense (benefit) 9,235 (3,660) 19,494 (20,073)
Net income (loss) 19,106 (14,976) 45,485 (54,271)
Less: Income attributable to noncontrolling interests (62)   (4)  
Net income (loss) attributable to G-III Apparel Group, Ltd. $ 19,168 $ (14,976) $ 45,489 $ (54,271)
Basic:        
Net income (loss) per common share $ 0.40 $ (0.31) $ 0.94 $ (1.13)
Weighted average number of shares outstanding (in shares) 48,476 48,214 48,427 48,121
Diluted:        
Net income per common share $ 0.39 $ (0.31) $ 0.92 $ (1.13)
Weighted average number of shares outstanding (in shares) 49,523 48,214 49,502 48,121
Other comprehensive income:        
Foreign currency translation adjustments $ 2,021 $ 3,774 $ (4,938) $ (252)
Other comprehensive loss 2,021 3,774 (4,938) (252)
Comprehensive income 21,127 (11,202) 40,547 (54,523)
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest [Abstract]        
Net loss (62)   (4)  
Foreign currency translation adjustments 10   6  
Comprehensive income attributable to noncontrolling interests (52)   2  
Comprehensive income attributable to G-III Apparel Group, Ltd $ 21,075 $ (11,202) $ 40,549 $ (54,523)