Net Income per Common Share

3 Months Ended

Apr. 30, 2014

Earnings Per Share [Abstract]

Net Income per Common Share

Note 4 – 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 is computed using the weighted average number of common shares and potential dilutive common shares, consisting of unvested restricted stock awards and stock options outstanding, during the period. In addition, 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. Approximately 325,500 shares of common stock have been excluded from the diluted net income per share calculation for the three months ended April 30, 2014. For the three months ended April 30, 2014 and 2013, 97,687 and 118,170 shares of common stock, respectively, were issued in connection with the exercise or vesting of equity awards.

The reconciliation between basic and diluted net income per share is as follows: 

	Three Months Ended
	April 30,
	2014		2013
	(In thousands, except per share amounts)
Net income attributable to G-III	$	1,290	$	1,118
Basic net income per share:
Basic common shares		20,488		20,161
Basic net income per share	$	0.06	$	0.06
Diluted net income per share:
Basic common shares		20,488		20,161
Stock options and restricted stock awards		534		241
Diluted common shares		21,022		20,402
Diluted net income per share	$	0.06	$	0.05