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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2020
Nov. 02, 2019
Oct. 31, 2020
Nov. 02, 2019
Net revenue $ 569,284 $ 615,944 $ 1,228,074 $ 1,835,855
Cost of product sales 329,764 386,445 807,297 1,158,741
Gross profit 239,520 229,499 420,777 677,114
Selling, general and administrative expenses 184,739 205,003 478,320 627,823
Asset impairment charges 10,335 1,847 75,276 5,126
Net gains on lease modifications (21) 0 (450) 0
Earnings (loss) from operations 44,467 22,649 (132,369) 44,165
Other income (expense):        
Interest expense (5,809) (4,946) (17,212) (11,156)
Interest income 562 492 1,608 1,166
Other expense, net (6,521) (62) (20,553) (4,346)
Total other income (expense) (11,768) (4,516) (36,157) (14,336)
Earnings (loss) before income tax expense (benefit) 32,699 18,133 (168,526) 29,829
Income tax expense (benefit) 5,145 4,548 (14,850) 10,649
Net earnings (loss) 27,554 13,585 (153,676) 19,180
Net earnings (loss) attributable to noncontrolling interests 1,178 1,162 (2,028) 2,809
Net earnings (loss) attributable to Guess?, Inc. $ 26,376 $ 12,423 $ (151,648) $ 16,371
Net earnings (loss) per common share attributable to common stockholders (Note 3):        
Basic (in dollars per share) $ 0.41 $ 0.19 $ (2.35) $ 0.22
Diluted (in dollars per share) $ 0.41 $ 0.18 $ (2.35) $ 0.22
Weighted average common shares outstanding attributable to common stockholders (Note 3):        
Basic (in shares) 62,789 66,393 64,561 72,275
Diluted (in shares) 63,579 67,314 64,561 73,211
Product sales        
Net revenue $ 549,851 $ 593,736 $ 1,183,560 $ 1,776,287
Net royalties        
Net revenue $ 19,433 $ 22,208 $ 44,514 $ 59,568