NET INCOME PER COMMON SHARE

6 Months Ended

Jul. 31, 2025

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. Approximately 43,000 and 34,500 shares of common stock have been excluded from the diluted net income per share calculation for the three and six months ended July 31, 2025. 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. 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,
	2025		2024		2025		2024
	(In thousands, except share and per share amounts)
Net income attributable to G-III Apparel Group, Ltd.	$	10,939	$	24,212	$	18,698	$	30,014
Basic net income per share:
Basic common shares		42,777		44,569		43,254		45,022
Basic net income per share	$	0.26	$	0.54	$	0.43	$	0.67
Diluted net income per share:
Basic common shares		42,777		44,569		43,254		45,022
Dilutive restricted stock unit awards and stock options		1,442		914		1,541		1,083
Diluted common shares		44,219		45,483		44,795		46,105
Diluted net income per share	$	0.25	$	0.53	$	0.42	$	0.65