NET INCOME PER COMMON SHARE

12 Months Ended

Feb. 02, 2014

Earnings Per Share [Abstract]

NET INCOME PER COMMON SHARE

NET INCOME PER COMMON SHARE

In 2012 and 2011, 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:

	2013		2012			2011
Net income attributable to PVH Corp.	$	143,537	$	433,840		$	275,697
Less:
Common stock dividends paid to holders of Series A convertible preferred stock	—		(366		)	(628		)
Allocation of income to Series A convertible preferred stock	—		(12,179		)	(15,557		)
Net income available to common stockholders for basic net income per common share	143,537		421,295			259,512
Add back:
Common stock dividends paid to holders of Series A convertible preferred stock	—		366			628
Allocation of income to Series A convertible preferred stock	—		12,179			15,557
Net income available to common stockholders for diluted net income per common share	$	143,537	$	433,840		$	275,697
Weighted average common shares outstanding for basic net income per common share	81,167		70,392			67,158
Weighted average impact of dilutive securities	1,451		1,397			1,576
Weighted average impact of assumed convertible preferred stock conversion	—		2,087			4,189
Total shares for diluted net income per common share	82,618		73,876			72,923
Basic net income per common share attributable to PVH Corp.	$	1.77	$	5.98		$	3.86
Diluted net income per common share attributable to PVH Corp.	$	1.74	$	5.87		$	3.78

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

	2013	2012	2011
Weighted average potentially dilutive securities	270	305	345

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 February 2, 2014, February 3, 2013 and January 29, 2012 and, therefore, were excluded from the calculation of diluted net income per common share for each applicable year. The maximum number of potentially dilutive shares that could be issued upon vesting for such awards was 654, 100 and 590 as of February 2, 2014, February 3, 2013 and January 29, 2012, respectively. These amounts were also excluded from the computation of weighted average antidilutive securities in the table above.