NET INCOME PER COMMON SHARE

9 Months Ended

Oct. 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. There were no shares of common stock excluded from the diluted net income per share calculation for the three and nine months ended October 31, 2024. Approximately 8,200 and 59,200 shares of common stock have been excluded from the diluted net income per share calculation for the three and nine months ended October 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 October 31,				Nine Months Ended October 31,
	2024		2023		2024		2023
	(In thousands, except share and per share amounts)
Net income attributable to G-III Apparel Group, Ltd.	$	114,768	$	127,640	$	144,782	$	147,314
Basic net income per share:
Basic common shares		43,885		45,723		44,640		45,904
Basic net income per share	$	2.62	$	2.79	$	3.24	$	3.21
Diluted net income per share:
Basic common shares		43,885		45,723		44,640		45,904
Dilutive restricted stock unit awards and stock options		1,069		837		1,079		1,088
Diluted common shares		44,954		46,560		45,719		46,992
Diluted net income per share	$	2.55	$	2.74	$	3.17	$	3.13