Net Income (Loss) per Common Share

6 Months Ended

Jul. 31, 2021

Net Income (Loss) per Common Share

Net Income (Loss) per Common Share

Note 7 – 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 unit awards and stock options outstanding during the period. Approximately 15,100 and 8,200 shares of common stock have been excluded from the diluted net income per share calculation for the three and six months ended July 31, 2021, respectively. All unvested restricted stock unit awards and stock options have been excluded from the diluted net income per share calculation for the three and six months ended July 31, 2020 as a result of the Company recording a net loss during each of those periods.  All share-based payments outstanding that vest based on the achievement of performance conditions, and for which the respective performance conditions have not been achieved, have been excluded from the diluted per share calculation.

The following table reconciles the numerators and denominators used in the calculation of basic and diluted net income (loss) per share:

	Three Months Ended July 31,				Six Months Ended July 31,
	2021		2020		2021		2020
	(In thousands, except share and per share amounts)
Net income (loss) attributable to G-III Apparel Group, Ltd.	$	19,168	$	(14,976)	$	45,489	$	(54,271)
Basic net income (loss) per share:
Basic common shares		48,476		48,214		48,427		48,121
Basic net income (loss) per share	$	0.40	$	(0.31)	$	0.94	$	(1.13)
Diluted net income (loss) per share:
Basic common shares		48,476		48,214		48,427		48,121
Dilutive restricted stock unit awards and stock options		1,047		—		1,075		—
Diluted common shares		49,523		48,214		49,502		48,121
Diluted net income (loss) per share	$	0.39	$	(0.31)	$	0.92	$	(1.13)