Net Income (Loss) per Common Share

6 Months Ended

Jul. 31, 2017

Earnings Per Share [Abstract]

Net Income (Loss) per Common Share

Note 5 – Net Income (Loss) per Common Share

Basic net income (loss) 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 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 1,246,000 shares of common stock have been excluded from the diluted net income per share calculation for the six months ended July 31, 2017. For the six months ended July 31, 2017, the Company issued 34,912 shares of common stock and utilized 32,830 shares of treasury stock in connection with the exercise or vesting of equity awards. For the six months ended July 31, 2016, the Company issued 195,156 shares of common stock and utilized 16,914 shares of treasury stock in connection with the exercise or vesting of equity awards.

The following table reconciles the numerators and denominators used in the calculation of basic and diluted net income (loss) per share:

	Three Months Ended						Six Months Ended
	July 31,						July 31,
	2017			2016			2017			2016
	(In thousands, except per share amounts)
Net income (loss) attributable to G-III	$	(8,568	)	$	(1,293	)	$	(18,959	)	$	1,478
Basic net income (loss) per share:
Basic common shares		48,689			45,667			48,669			45,601
Basic net income (loss) per share	$	(0.18	)	$	(0.03	)	$	(0.39	)	$	0.03
Diluted net income (loss) per share:
Basic common shares		48,689			45,667			48,669			45,601
Diluted restricted stock awards and stock options		—			—			—			1,366
Diluted common shares		48,689			45,667			48,669			46,967
Diluted net income (loss) per share	$	(0.18	)	$	(0.03	)	$	(0.39	)	$	0.03