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Net Income per Common Share
 6 Months Ended
Jul. 31, 2015
Earnings Per Share [Abstract]  
Net Income per Common Share

Note 5 – 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 163,707 and 161,884 shares of common stock have been excluded from the diluted net income per share calculation for the three months and six months ended July 31, 2015, respectively. For the six months ended July 31, 2015 and 2014, 262,830 and 216,654 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 net income per share, adjusted for the two-for-one split of the Company’s common stock effected on May 1, 2015:

 

    Three Months Ended
July 31,		     Six Months Ended
July 31,		  
    2015     2014     2015     2014  
    (In thousands, except per share amounts)  
       
Net income attributable to G-III   $ 12,453     $ 6,236     $ 19,213     $ 7,526  
Basic net income per share:                                
Basic common shares     45,073       42,374       45,020       41,686  
Basic net income per share   $ 0.28     $ 0.15     $ 0.43     $ 0.18  
                                 
Diluted net income per share:                                
Basic common shares     45,073       42,374       45,020       41,686  
Restricted stock awards and stock options     1,289       946       1,269       1,006  
Diluted common shares     46,362       43,320       46,289       42,692  
Diluted net income per share   $ 0.27     $ 0.14     $ 0.42     $ 0.18