Net Income (Loss) per Common Share

9 Months Ended

Oct. 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 310,600 and 258,600 shares of common stock have been excluded from the diluted net income per share calculation for the three and nine months ended October 31, 2022, respectively. Approximately 68,800 and 18,300 shares of common stock have been excluded from the diluted net income per share calculation for the three and nine months ended October 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 October 31,				Nine Months Ended October 31,
	2022		2021		2022		2021
	(In thousands, except share and per share amounts)
Net income attributable to G-III Apparel Group, Ltd.	$	61,103	$	106,674	$	128,056	$	152,163
Basic net income per share:
Basic common shares		47,488		48,567		47,832		48,474
Basic net income per share	$	1.29	$	2.20	$	2.68	$	3.14
Diluted net income per share:
Basic common shares		47,488		48,567		47,832		48,474
Dilutive restricted stock unit awards and stock options		987		891		1,034		1,025
Diluted common shares		48,475		49,458		48,866		49,499
Diluted net income per share	$	1.26	$	2.16	$	2.62	$	3.07