QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Jan. 31, 2021

Quarterly Financial Information Disclosure [Abstract]

NOTE S — QUARTERLY FINANCIAL DATA (UNAUDITED)

Summarized quarterly financial data for the fiscal years ended January 31, 2021 and 2020 are as follows (in thousands, except per share amounts):


	Quarter Ended
	April 30,		July 31,		October 31,		January 31,
	2020		2020 ⁽¹⁾		2020		2021 ⁽²⁾
Net sales	$	405,131	$	297,212	$	826,561	$	526,242
Gross profit		124,401		134,693		297,755		187,593
Net income attributable to G-III Apparel Group, Ltd.		(39,295)		(14,976)		63,174		14,642
Net income attributable to G-III Apparel Group, Ltd. per common share
Basic	$	(0.82)	$	(0.31)	$	1.31	$	0.30
Diluted	$	(0.82)	$	(0.31)	$	1.29	$	0.30


	Quarter Ended
	April 30,		July 31,		October 31,		January 31,
	2019		2019		2019		2020 ⁽³⁾
Net sales	$	633,552	$	643,892	$	1,128,403	$	754,617
Gross profit		236,064		231,769		399,019		251,088
Net income		12,043		11,119		95,387		25,288
Net income per common share
Basic	$	0.25	$	0.23	$	2.00	$	0.53
Diluted	$	0.24	$	0.23	$	1.97	$	0.52

(1)

During the second quarter of fiscal 2021, the Company recorded a $19.8 million impairment charge primarily related to operating lease assets, leasehold improvements, furniture and fixtures and store related intangible assets at certain Wilsons Leather and G.H. Bass stores primarily due to the retail restructuring, and certain DKNY and Vilebrequin stores as a result of the performance at these stores.

(2)

During the fourth quarter of fiscal 2021, the Company recorded a $0.7 million impairment charge primarily related to operating lease assets, leasehold improvements, furniture and fixtures and store related intangible assets at certain DKNY and Vilebrequin stores as a result of the performance at these stores.

(3)	During the fourth quarter of fiscal 2020, the Company recorded a $21.8 million impairment charge primarily related to leasehold improvements, furniture and fixtures and operating lease assets at certain Wilsons Leather, G.H. Bass and DKNY stores as a result of the performance at these stores.