Earnings (Loss) Per Share

12 Months Ended

Feb. 01, 2020

The computation of basic and diluted net earnings (loss) per common share attributable to common stockholders is as follows (in thousands, except per share data):



	Year Ended		Year Ended		Year Ended
	Feb 1, 2020		Feb 2, 2019		Feb 3, 2018
Net earnings (loss) attributable to Guess?, Inc.	$	95,975	$	14,099	$	(7,894	)
Less net earnings attributable to nonvested restricted stockholders	850		756		764
Net earnings (loss) attributable to common stockholders	$	95,125	$	13,343	$	(8,658	)

Weighted average common shares used in basic computations	70,461		80,146		82,189
Effect of dilutive securities:
Stock options and restricted stock units¹	1,208		1,443		—
Weighted average common shares used in diluted computations	71,669		81,589		82,189
Net earnings (loss) per common share attributable to common stockholders:
Basic	$	1.35	$	0.17	$	(0.11	)
Diluted	$	1.33	$	0.16	$	(0.11	)

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¹	For fiscal 2018, there were 652,494 potentially dilutive shares that were not included in the computation of diluted weighted average common shares and common equivalent shares outstanding because their effect would have been antidilutive given the Company’s net loss.

For fiscal 2020, fiscal 2019 and fiscal 2018, equity awards granted for 2,911,685, 1,526,717 and 2,925,549, respectively, of the Company’s common shares were outstanding but were excluded from the computation of diluted weighted average common shares and common equivalent shares outstanding because the assumed proceeds, as calculated under the treasury stock method, resulted in these awards being antidilutive. The Company excluded 240,143, 928,026 and 899,345 nonvested stock units which were subject to the achievement of performance-based or market-based vesting conditions from the computation of diluted weighted average common shares and common equivalent shares outstanding because these conditions were not achieved as of February 1, 2020, February 2, 2019, and February 3, 2018, respectively.

The conversion spread on the Company’s convertible senior notes will have a dilutive impact on diluted earnings per share when the average market price of the Company’s common stock for a given period exceeds the conversion price of $25.78 per share of common stock. For the fiscal 2020, the convertible senior notes have been excluded from the computation of diluted earnings per share as the effect would be antidilutive since the conversion price of the convertible senior notes exceeded the average market price of the Company’s common stock. Warrants to purchase 11.6 million shares of the Company’s common shares at $46.88 per share were outstanding as of February 1, 2020 but were excluded from the computation of diluted earnings per share since the warrants’ strike price was greater than the average market price of the Company’s common stock during the period. See Note 10 for more information regarding the Company’s convertible senior notes.