Earnings Per Share

12 Months Ended

Feb. 03, 2024

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


	Year Ended
	Feb 3, 2024		Jan 28, 2023		Jan 29, 2022
Net earnings attributable to Guess?, Inc.	$	198,199	$	149,610	$	171,363
Less net earnings attributable to nonvested restricted stockholders	2,369		1,405		1,831
Net earnings attributable to common stockholders	195,830		148,205		169,532
Add expenses related to the Notes1	19,691		4,896		—
Net earnings attributable to common stockholders used in diluted computations	$	215,521	$	153,101	$	169,532

Weighted average common shares used in basic computations	53,329		56,484		64,021
Effect of dilutive securities:
Stock options and restricted stock units	1,332		1,639		1,898
The Notes	15,121		11,964		—
Weighted average common shares used in diluted computations	69,782		70,087		65,919
Net earnings per common share attributable to common stockholders:
Basic	$	3.67	$	2.62	$	2.65
Diluted	$	3.09	$	2.18	$	2.57

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1Expenses related to the Notes include interest expenses, loss on extinguishment of debt and gain (loss) on fair value remeasurement for embedded derivative, net of associated income tax effect.

For fiscal 2024, fiscal 2023 and fiscal 2022, equity awards granted for 787,845, 1,240,937 and 562,876, 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 resulted in these awards being antidilutive. The Company excluded 313,648, 484,365 and 300,000 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 3, 2024, January 28, 2023 and January 29, 2022, respectively.

Warrants related to the 2024 Notes to purchase 2.0 million shares of the Company’s common shares at an adjusted strike price of $44.15 per share were outstanding as of February 3, 2024. Warrants related to the 2028 Notes to purchase 13.9 million shares of the Company’s common shares at an adjusted strike price of $41.37 per share were outstanding as of February 3, 2024. These warrants were excluded from the computation of diluted net earnings per share since the warrants’ strike prices were greater than the average market price of the Company’s common stock during the period. See Note 10 for more information regarding the Notes.