Earnings (Loss) Per Share

12 Months Ended

Jan. 30, 2021

The computation of basic and diluted net earnings (loss) per common share attributable to common stockholders is as follows (in thousands, except per share data):


	Year Ended		Year Ended		Year Ended
	Jan 30, 2021		Feb 1, 2020		Feb 2, 2019
Net earnings (loss) attributable to Guess?, Inc.	$	(81,229)	$	95,975	$	14,099
Less net earnings attributable to nonvested restricted stockholders	181		850		756
Net earnings (loss) attributable to common stockholders	$	(81,410)	$	95,125	$	13,343

Weighted average common shares used in basic computations	64,179		70,461		80,146
Effect of dilutive securities:
Stock options and restricted stock units1	—		1,208		1,443
Weighted average common shares used in diluted computations	64,179		71,669		81,589
Net earnings (loss) per common share attributable to common stockholders:
Basic	$	(1.27)	$	1.35	$	0.17
Diluted	$	(1.27)	$	1.33	$	0.16

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1For fiscal 2021, there were 867,704 potentially dilutive shares that were not included in the computation of diluted weighted average common shares and common equivalent shares outstanding because their effect would have been antidilutive given the Company’s net loss.

For fiscal 2021, fiscal 2020 and fiscal 2019, equity awards granted for 2,870,479, 2,911,685 and 1,526,717, respectively, of the Company’s common shares were outstanding but were excluded from the computation of diluted weighted average common shares and common equivalent shares outstanding because the assumed proceeds, as calculated under the treasury stock method, resulted in these awards being antidilutive. The Company excluded 240,143 and 928,026 nonvested stock units which were subject to the achievement of performance-based or market-based vesting conditions from the computation of diluted weighted average common shares and common equivalent shares outstanding because these conditions were not achieved as of February 1, 2020 and February 2, 2019, respectively. There were no nonvested stock units subject to the achievement of performance-based or market-based vesting conditions that were excluded from the computation of diluted weighted average common shares and common equivalent shares outstanding as the respective conditions were achieved as of January 30, 2021.

The conversion spread on the Company’s convertible senior notes will have a dilutive impact on diluted earnings per share when the average market price of the Company’s common stock for a given period exceeds the conversion price of $25.78 per share of common stock. For fiscal 2021, the convertible senior notes have been excluded from the computation of diluted earnings per share as the effect would be antidilutive since the conversion price of the convertible senior notes exceeded the average market price of the Company’s common stock. Warrants to purchase 11.6 million shares of the Company’s common shares at $46.88 per share were outstanding as of January 30, 2021 but were excluded from the computation of diluted earnings per share since the warrants’ strike price was greater than the average market price of the Company’s common stock during the period. See Note 10 for more information regarding the Company’s convertible senior notes.