XML 14 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Oct. 31, 2013
Oct. 31, 2012
Oct. 31, 2013
Oct. 31, 2012
Income Statement [Abstract]        
Net sales $ 668,702 $ 543,513 $ 1,245,476 $ 1,024,441
Cost of goods sold 441,400 353,306 826,361 690,702
Gross profit 227,302 190,207 419,115 333,739
Selling, general and administrative expenses 125,457 106,287 300,329 242,355
Depreciation and amortization 3,158 2,811 9,523 6,964
Operating profit 98,687 81,109 109,263 84,420
Equity loss in joint venture   273   706
Interest and financing charges, net 2,949 3,073 6,476 5,211
Income before income taxes 95,738 77,763 102,787 78,503
Income tax expense 36,381 29,550 39,059 29,831
Net income 59,357 48,213 63,728 48,672
Add: Loss attributable to noncontrolling interest 238 78 577 133
Income attributable to G-III 59,595 48,291 64,305 48,805
Basic:        
Net income per common share (in dollars per share) $ 2.92 $ 2.41 $ 3.17 $ 2.44
Weighted average number of shares outstanding (in shares) 20,399 20,053 20,290 19,971
Diluted:        
Net income per common share (in dollars per share) $ 2.85 $ 2.37 $ 3.09 $ 2.40
Weighted average number of shares outstanding (in shares) 20,911 20,401 20,818 20,309
Net income attributable to G-III 59,595 48,291 64,305 48,805
Other comprehensive income:        
Foreign currency translation adjustments 3,761 3,608 1,246 3,553
Other comprehensive income 3,761 3,608 1,246 3,553
Comprehensive income $ 63,356 $ 51,899 $ 65,551 $ 52,358