Net Income (Loss) per Common Share

3 Months Ended

Apr. 30, 2013

Net Income (Loss) per Common Share

Note 4 – Net Income (Loss) per Common Share

Basic net income (loss) per common share has been computed using the weighted average number of common shares outstanding during each period. Diluted net income per share, when applicable, is computed using the weighted average number of common shares and potential dilutive common shares, consisting of unvested restricted stock awards and stock options, during the period. All share based payments outstanding as of April 30, 2013 that vest based on the achievement of performance or market conditions, and for which the performance or market conditions have not been achieved, have been excluded from the diluted per share calculation as their inclusion would be anti-dilutive. For the three months ended April 30, 2013 and 2012, 118,170 and 182,708 shares of common stock, respectively, were issued in connection with the exercise or vesting of equity awards.

A reconciliation between basic and diluted net income per share is as follows:

	Three Months Ended April 30,
	2013		2012
Net income (loss) attributable to G-III	$	1,118	$	(847	)
Basic net income (loss) per share:
Basic common shares		20,161		19,860
Basic net income (loss) per share	$	0.06	$	(0.04	)
Diluted net income (loss) per share:
Basic common shares		20,161		19,860
Stock options and restricted stock awards		241		—
Diluted common shares		20,402		19,860
Diluted net income (loss) per share	$	0.05	$	(0.04	)