Net Income per Common Share

6 Months Ended

Jul. 31, 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 328,000 shares of common stock have been excluded from the diluted net income per share calculation for the six months ended July 31, 2014. For the six months ended July 31, 2014 and 2013, 216,654 and 272,365 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 July 31,				Six Months Ended July 31,
	2014		2013		2014		2013
	(In thousands, except per share amounts)
Net income attributable to G-III	$	6,236	$	3,592	$	7,526	$	4,710
Basic net income per share:
Basic common shares		21,187		20,305		20,843		20,234
Basic net income per share	$	0.29	$	0.18	$	0.36	$	0.23
Diluted net income per share:
Basic common shares		21,187		20,305		20,843		20,234
Restricted stock awards and stock options		473		448		503		452
Diluted common shares		21,660		20,753		21,346		20,686
Diluted net income per share	$	0.29	$	0.17	$	0.35	$	0.23