NET INCOME PER COMMON SHARE

12 Months Ended

Feb. 01, 2015

Earnings Per Share [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:

(In millions, except per share data)	2014		2013		2012
Net income attributable to PVH Corp.	$	439.0	$	143.5	$	433.8
Less:
Common stock dividends paid to holders of Series A convertible preferred stock	—		—		(0.4		)
Allocation of income to Series A convertible preferred stock	—		—		(12.2		)
Net income available to common stockholders for basic net income per common share	439.0		143.5		421.2
Add back:
Common stock dividends paid to holders of Series A convertible preferred stock	—		—		0.4
Allocation of income to Series A convertible preferred stock	—		—		12.2
Net income available to common stockholders for diluted net income per common share	$	439.0	$	143.5	$	433.8
Weighted average common shares outstanding for basic net income per common share	82.4		81.2		70.4
Weighted average impact of dilutive securities	0.9		1.4		1.4
Weighted average impact of assumed convertible preferred stock conversion	—		—		2.1
Total shares for diluted net income per common share	83.3		82.6		73.9
Basic net income per common share attributable to PVH Corp.	$	5.33	$	1.77	$	5.98
Diluted net income per common share attributable to PVH Corp.	$	5.27	$	1.74	$	5.87

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

(In millions)	2014	2013	2012
Weighted average potentially dilutive securities	0.4	0.3	0.3

Shares underlying contingently issuable awards 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 1, 2015, February 2, 2014 and February 3, 2013 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 0.9 million, 0.7 million and 0.1 million as of February 1, 2015, February 2, 2014 and February 3, 2013, respectively. These amounts were also excluded from the computation of weighted average antidilutive securities in the table above.