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Earnings per Share | 6 Months Ended
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Jul. 30, 2022
Earnings Per Share [Abstract] |
Earnings per Share | Earnings per Share On January 30, 2022, the Company adopted the authoritative guidance which simplifies the accounting for convertible instruments and contracts in an entity’s own equity using the modified retrospective method. Following adoption, diluted earnings per share related to the Notes is calculated using the if-converted method. The number of dilutive shares is based on the initial conversion rate associated with the Notes. Prior to adoption, the Company applied the treasury stock method when calculating the potential dilutive effect of the Notes, if any. As the Company expects to settle the principal amount of its outstanding Notes in cash and any excess in shares, only the amounts in excess of the principal amount were considered in diluted earnings per share, if applicable. Refer to Note 1 and Note 10 for more information regarding the Notes. In addition, the Company granted certain nonvested stock units, 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 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 per common share attributable to common stockholders is (in thousands, except per share data):
| Three Months Ended |  | Six Months Ended
| Jul 30, 2022 |  | Jul 31, 2021 |  | Jul 30, 2022 |  | Jul 31, 2021
Net earnings attributable to Guess?, Inc. | $ | 23,962 |  |  | $ | 61,062 |  |  | $ | 31,932 |  |  | $ | 73,068 |
Less net earnings attributable to nonvested restricted stockholders | 264 |  |  | 699 |  |  | 264 |  |  | 775 |
Net earnings attributable to common stockholders | 23,698 |  |  | 60,363 |  |  | 31,668 |  |  | 72,293 |
Add interest expense related to the Notes | 988 |  |  | — |  |  | 1,925 |  |  | — |
Net earnings attributable to common stockholders used in diluted computations | $ | 24,686 |  |  | $ | 60,363 |  |  | $ | 33,593 |  |  | $ | 72,293 |
Weighted average common shares used in basic computations | 56,954 |  |  | 64,336 |  |  | 59,003 |  |  | 64,185 |
Effect of dilutive securities: |  |  |  |  |  |  |
Stock options and restricted stock units | 1,528 |  |  | 1,738 |  |  | 1,623 |  |  | 1,748 |
The Notes | 11,817 |  |  | — |  |  | 11,817 |  |  | — |
Weighted average common shares used in diluted computations | 70,299 |  |  | 66,074 |  |  | 72,443 |  |  | 65,933 |
Net earnings per common share attributable to common stockholders:
Basic | $ | 0.42 |  |  | $ | 0.94 |  |  | $ | 0.54 |  |  | $ | 1.13 |
Diluted | $ | 0.35 |  |  | $ | 0.91 |  |  | $ | 0.46 |  |  | $ | 1.10 |
During the three months ended July 30, 2022 and July 31, 2021, equity awards granted for 1,209,255 and 272,705 shares, respectively, of the Company’s common stock and for the six months ended July 30, 2022 and July 31, 2021, equity awards granted for 1,294,538 and 326,474 shares, respectively, of the Company’s common stock 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 30, 2022, the Company excluded 594,985 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 July 30, 2022. For the three and six months ended July 31, 2021, there were 695,566 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 not achieved as of July 31, 2021. Warrants to purchase approximately 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 30, 2022 and July 31, 2021. 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 30, 2022 and July 31, 2021.

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