Net Income (Loss) per Common Share

6 Months Ended

Jul. 31, 2022

Net Income (Loss) per Common Share

Net Income (Loss) per Common Share

Note 8 – 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 301,300 and 205,400 shares of common stock have been excluded from the diluted net income per share calculation for the three and six months ended July 31, 2022, respectively. Approximately 15,100 and 8,200 shares of common stock have been excluded from the diluted net income per share calculation for the three and six months ended July 31, 2021. 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 July 31,				Six Months Ended July 31,
	2022		2021		2022		2021
	(In thousands, except share and per share amounts)
Net income attributable to G-III Apparel Group, Ltd.	$	36,319	$	19,168	$	66,953	$	45,489
Basic net income per share:
Basic common shares		47,999		48,476		48,007		48,427
Basic net income per share	$	0.76	$	0.40	$	1.39	$	0.94
Diluted net income per share:
Basic common shares		47,999		48,476		48,007		48,427
Dilutive restricted stock unit awards and stock options		1,020		1,047		1,054		1,075
Diluted common shares		49,019		49,523		49,061		49,502
Diluted net income per share	$	0.74	$	0.39	$	1.36	$	0.92