Net Income (Loss) per Common Share

3 Months Ended

Apr. 30, 2022

Net Income (Loss) per Common Share

Net Income (Loss) per Common Share

Note 6 – Net Income per Common Share

Basic net income per common share has been computed using the weighted average number of common shares outstanding during each period. Diluted net income per share, when applicable, is computed using the weighted average number of common shares and potential dilutive common shares, consisting of unvested restricted stock unit awards and stock options outstanding during the period. Approximately 113,300 and 238,500 shares of common stock have been excluded from the diluted net income per share calculation for the three months ended April 30, 2022 and 2021, respectively, as they are anti-dilutive. All share-based payments outstanding that vest based on the achievement of performance conditions, and for which the respective performance conditions have not been achieved, have been excluded from the diluted per share calculation.

The following table reconciles the numerators and denominators used in the calculation of basic and diluted net income per share:

	Three Months Ended April 30,
	2022		2021
	(In thousands, except share and per share amounts)
Net income attributable to G-III Apparel Group, Ltd.	$	30,634	$	26,321
Basic net income per share:
Basic common shares		48,016		48,377
Basic net income per share	$	0.64	$	0.54
Diluted net income per share:
Basic common shares		48,016		48,377
Dilutive restricted stock unit awards and stock options		1,092		1,133
Diluted common shares		49,108		49,510
Diluted net income per share	$	0.62	$	0.53