Net Income per Common Share

3 Months Ended

Apr. 30, 2015

Earnings Per Share [Abstract]

Net Income per Common Share

Note 4 – Net Income per Common Share

Basic net income per common share has been computed using the weighted average number of common shares outstanding during each period. Diluted net income per share is computed using the weighted average number of common shares and potential dilutive common shares, consisting of unvested restricted stock awards and stock options outstanding, during the period. In addition, all share based payments outstanding that vest based on the achievement of performance and/or market price conditions, and for which the respective performance and/or market price conditions have not been achieved, have been excluded from the diluted per share calculation. Approximately 160,000 shares of common stock have been excluded from the diluted net income per share calculation for the three months ended April 30, 2015. For the three months ended April 30, 2015 and 2014, 23,000 and 195,374 shares of common stock, respectively, were issued in connection with the exercise or vesting of equity awards.

The following table reconciles the numerators and denominators used in the calculation of basic and diluted earnings per share (EPS), adjusted for the two for one split of the Company’s common stock effected on May 1, 2015:

	Three Months Ended April 30,
	2015		2014
Net income attributable to G-III	$	6,760	$	1,290
Basic net income per share:
Basic common shares		44,965		40,976
Basic net income per share	$	0.15	$	0.03
Diluted net income per share:
Basic common shares		44,965		40,976
Restricted stock awards and stock options		1,245		1,068
Diluted common shares		46,210		42,044
Diluted net income per share	$	0.15	$	0.03