NET INCOME PER COMMON SHARE

6 Months Ended

Jul. 31, 2024

NET INCOME PER COMMON SHARE

NET INCOME 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 outstanding during the period. A nominal amount of shares of common stock have been excluded from the diluted net income per share

calculation for the three and six months ended July 31, 2024. Approximately 106,000 and 312,500 shares of common stock have been excluded from the diluted net income per share calculation for the three and six months ended July 31, 2023. 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,
	2024		2023		2024		2023
	(In thousands, except share and per share amounts)
Net income attributable to G-III Apparel Group, Ltd.	$	24,212	$	16,438	$	30,014	$	19,674
Basic net income per share:
Basic common shares		44,569		45,714		45,022		45,996
Basic net income per share	$	0.54	$	0.36	$	0.67	$	0.43
Diluted net income per share:
Basic common shares		44,569		45,714		45,022		45,996
Dilutive restricted stock unit awards and stock options		914		856		1,083		996
Diluted common shares		45,483		46,570		46,105		46,992
Diluted net income per share	$	0.53	$	0.35	$	0.65	$	0.42