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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Jul. 31, 2024
Jul. 31, 2023
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME        
Net sales $ 644,755 $ 659,761 $ 1,254,502 $ 1,266,350
Cost of goods sold 368,881 383,108 719,735 739,897
Gross profit 275,874 276,653 534,767 526,453
Selling, general and administrative expenses 229,030 239,207 465,651 467,168
Depreciation and amortization 5,380 5,959 14,148 12,535
Operating profit (loss) 41,464 31,487 54,968 46,750
Other (loss) income (2,952) 192 (3,175) 1,165
Interest and financing charges, net (4,876) (9,492) (10,300) (21,642)
Income before income taxes 33,636 22,187 41,493 26,273
Income tax expense 9,447 5,951 11,752 6,896
Net income 24,189 16,236 29,741 19,377
Less: Loss attributable to noncontrolling interests (23) (202) (273) (297)
Net income attributable to G-III Apparel Group, Ltd. $ 24,212 $ 16,438 $ 30,014 $ 19,674
Basic:        
Net income per common share $ 0.54 $ 0.36 $ 0.67 $ 0.43
Weighted average number of shares outstanding (in shares) 44,569 45,714 45,022 45,996
Diluted:        
Net income per common share $ 0.53 $ 0.35 $ 0.65 $ 0.42
Weighted average number of shares outstanding (in shares) 45,483 46,570 46,105 46,992
Net income $ 24,189 $ 16,236 $ 29,741 $ 19,377
Other comprehensive (loss) income:        
Foreign currency translation adjustments (2,017) 2,359 (8,900) 7,074
Other comprehensive (loss) income (2,017) 2,359 (8,900) 7,074
Comprehensive income 22,172 18,595 20,841 26,451
Comprehensive loss attributable to noncontrolling interests:        
Net loss (23) (202) (273) (297)
Foreign currency translation adjustments 38 (26) 38 (24)
Comprehensive income (loss) attributable to noncontrolling interests 15 (228) (235) (321)
Comprehensive income attributable to G-III Apparel Group, Ltd. $ 22,187 $ 18,367 $ 20,606 $ 26,130