Net Income per Common Share

3 Months Ended

Apr. 30, 2023

Net Income per Common Share

Net Income per Common Share

NOTE 7 – 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 outstanding during the period. Approximately 302,200 and 113,300 shares of common stock have been excluded from the diluted net income per share calculation for the three months ended April 30, 2023 and 2022, respectively. 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,
	2023		2022
	(In thousands, except share and per share amounts)
Net income attributable to G-III Apparel Group, Ltd.	$	3,236	$	30,634
Basic net income per share:
Basic common shares		46,286		48,016
Basic net income per share	$	0.07	$	0.64
Diluted net income per share:
Basic common shares		46,286		48,016
Dilutive restricted stock unit awards and stock options		1,156		1,092
Diluted common shares		47,442		49,108
Diluted net income per share	$	0.07	$	0.62