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Earnings (Loss) per Share | 6 Months Ended
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Jul. 31, 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 (in thousands, except per share data):
| Three Months Ended |  | Six Months Ended
| Jul 31, 2021 |  | Aug 1, 2020 |  | Jul 31, 2021 |  | Aug 1, 2020
Net earnings (loss) attributable to Guess?, Inc. | $ | 61,062 |  |  | $ | (20,358) |  |  | $ | 73,068 |  |  | $ | (178,024) |
Less net earnings attributable to nonvested restricted stockholders | 699 |  |  | — |  |  | 775 |  |  | — |
Net earnings (loss) attributable to common stockholders | $ | 60,363 |  |  | $ | (20,358) |  |  | $ | 72,293 |  |  | $ | (178,024) |
Weighted average common shares used in basic computations | 64,336 |  |  | 65,177 |  |  | 64,185 |  |  | 65,446 |
Effect of dilutive securities: Stock options, convertible senior notes and restricted stock units 1 | 1,738 |  |  | — |  |  | 1,748 |  |  | — |
Weighted average common shares used in diluted computations | 66,074 |  |  | 65,177 |  |  | 65,933 |  |  | 65,446 |
Net earnings (loss) per common share attributable to common stockholders:
Basic | $ | 0.94 |  |  | $ | (0.31) |  |  | $ | 1.13 |  |  | $ | (2.72) |
Diluted | $ | 0.91 |  |  | $ | (0.31) |  |  | $ | 1.10 |  |  | $ | (2.72) |
______________________________________________________________________ Notes: 1 For the three and six months ended August 1, 2020, there were 262,086 and 382,222, respectively, 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 July 31, 2021 and August 1, 2020, equity awards granted for 272,705 and 4,121,433, respectively, of the Company’s common shares and for the six months ended July 31, 2021 and August 1, 2020, equity awards granted for 326,474 and 3,890,881, 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. For the three and six months ended July 31, 2021, there were 695,566 nonvested stock units which are 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 not achieved as of July 31, 2021. For the three and six months ended August 1, 2020, the Company excluded 525,875 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 August 1, 2020. The conversion spread on the Company’s convertible senior notes has 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. 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 July 31, 2021 and August 1, 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 and six months ended July 31, 2021 and August 1, 2020.

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