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Earnings (Loss) per Share | 3 Months Ended
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May 01, 2021
Earnings Per Share [Abstract] |
Earnings (Loss) per Share | Earnings (Loss) per ShareThe Company expects to settle the principal amount of its outstanding convertible senior notes in cash and any excess in shares. As a result, upon conversion of the convertible senior notes, only the amounts in excess of the principal amount are considered in diluted earnings per share under the treasury stock method, if applicable. See Note 10 for more information regarding the Company’s convertible senior notes. In addition, the Company has granted certain nonvested stock units that are subject to certain performance-based or market-based vesting conditions as well as continued service requirements through the respective vesting periods. These nonvested stock units are included in the computation of diluted net earnings per common share attributable to common stockholders only to the extent that the underlying performance-based or market-based vesting conditions are satisfied as of the end of the reporting period, or would be considered satisfied if the end of the reporting period was the end of the related contingency period, and the results would be dilutive under the treasury stock method. 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):
| Three Months Ended |  |
| May 1, 2021 |  | May 2, 2020 |  |  |  |
Net earnings (loss) attributable to Guess?, Inc. | $ | 12,006 |  |  | $ | (157,666) |  |  |  |  |
Less net earnings attributable to nonvested restricted stockholders | 130 |  |  | — |  |  |  |  |
Net earnings (loss) attributable to common stockholders | $ | 11,876 |  |  | $ | (157,666) |  |  |  |  |
Weighted average common shares used in basic computations | 64,035 |  |  | 65,715 |  |  |  |  |
Effect of dilutive securities: Stock options and restricted stock units 1 | 1,905 |  |  | — |  |  |  |  |
Weighted average common shares used in diluted computations | 65,940 |  |  | 65,715 |  |  |  |  |
Net earnings (loss) per common share attributable to common stockholders:
Basic | $ | 0.19 |  |  | $ | (2.40) |  |  |  |  |
Diluted | $ | 0.18 |  |  | $ | (2.40) |  |  |  |  |
______________________________________________________________________ Notes: 1 For the three months ended May 2, 2020, there were 484,674 of 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. During the three months ended May 1, 2021 and May 2, 2020, equity awards granted for 390,243 and 3,157,824, 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. 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 May 1, 2021. The Company excluded 227,729 nonvested stock units which were subject to the achievement of performance-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 May 2, 2020. 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 the three months ended May 1, 2021 and May 2, 2020, 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 initially purchase 11.6 million shares of the Company’s common shares at an initial strike price of $46.88 per share were outstanding as of May 1, 2021 and May 2, 2020. These warrants were excluded from the computation of diluted earnings per share since the warrants’ adjusted strike price was greater than the average market price of the Company’s common stock during the three months ended May 1, 2021 and May 2, 2020.

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