NET INCOME PER COMMON SHARE

9 Months Ended

Nov. 03, 2013

Notes to Financial Statements [Abstract]

NET INCOME PER COMMON SHARE

NET INCOME PER COMMON SHARE

In 2012, the Company utilized the two-class method of calculating basic net income per common share, as holders of the Company’s Series A convertible preferred stock participated in dividends with holders of the Company’s common stock prior to the conversion in 2012 of such convertible preferred stock into common stock. Net losses were not allocated to holders of the Series A convertible preferred stock.

The Company computed its basic and diluted net income per common share as follows:

	Thirteen Weeks Ended					Thirty-Nine Weeks Ended
	11/3/13		10/28/12			11/3/13		10/28/12
Net income attributable to PVH Corp.	$	196,713	$	167,698		$	160,665	$	353,092
Less:
Common stock dividends paid to holders of Series A convertible preferred stock	—		(78		)	—		(287		)
Allocation of income to Series A convertible preferred stock	—		(4,754		)	—		(12,167		)
Net income available to common stockholders for basic net income per common share	196,713		162,866			160,665		340,638
Add back:
Common stock dividends paid to holders of Series A convertible preferred stock	—		78			—		287
Allocation of income to Series A convertible preferred stock	—		4,754			—		12,167
Net income available to common stockholders for diluted net income per common share	$	196,713	$	167,698		$	160,665	$	353,092
Weighted average common shares outstanding for basic net income per common share	81,522		70,586			80,943		69,843
Weighted average impact of dilutive securities	1,307		1,304			1,558		1,332
Weighted average impact of assumed convertible preferred stock conversion	—		2,095			—		2,555
Total shares for diluted net income per common share	82,829		73,985			82,501		73,730
Basic net income per common share attributable to PVH Corp.	$	2.41	$	2.31		$	1.98	$	4.88
Diluted net income per common share attributable to PVH Corp.	$	2.37	$	2.27		$	1.95	$	4.79

Potentially dilutive securities excluded from the calculation of diluted net income per common share were as follows:

	Thirteen Weeks Ended		Thirty-Nine Weeks Ended
	11/3/13	10/28/12	11/3/13	10/28/12
Weighted average potentially dilutive securities	318	329	260	350

Contingently issuable shares that have not met the necessary conditions as of the end of a reporting period are not included in the calculation of diluted net income per common share for that period. The Company had contingently issuable awards outstanding that did not meet the performance conditions as of November 3, 2013 and October 28, 2012 and, therefore, were excluded from the calculation of diluted net income per common share for the thirteen and thirty-nine weeks endedNovember 3, 2013 and October 28, 2012. The maximum number of potentially dilutive shares that could be issued upon vesting for such awards was 527 and 372 as of November 3, 2013 and October 28, 2012, respectively. These amounts were also excluded from the computation of weighted average potentially dilutive securities in the table above.