Net Income per Common Share

9 Months Ended

Oct. 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 and/or market price conditions, and for which the respective performance and/or market price conditions have not been achieved, have been excluded from the diluted per share calculation. Approximately 342,000 shares of common stock have been excluded from the diluted net income per share calculation for the nine months ended October 31, 2014. For the nine months ended October 31, 2014 and 2013, 303,118 and 275,089 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 October 31,				Nine Months Ended October 31,
	2014		2013		2014		2013
	(In thousands, except per share amounts)
Net income attributable to G-III	$	80,615	$	59,595	$	88,141	$	64,305
Basic net income per share:
Basic common shares		22,411		20,399		21,370		20,290
Basic net income per share	$	3.60	$	2.92	$	4.12	$	3.17
Diluted net income per share:
Basic common shares		22,411		20,399		21,370		20,290
Restricted stock awards and stock options		451		512		471		528
Diluted common shares		22,862		20,911		21,841		20,818
Diluted net income per share	$	3.53	$	2.85	$	4.04	$	3.09