XML 26 R12.htm IDEA: XBRL DOCUMENT
v3.24.3

Earnings (Loss) per Share | 9 Months Ended
--- | ---
Nov. 02, 2024
Earnings Per Share [Abstract] |
Earnings (Loss) per Share | Earnings (Loss) per Share 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 |  | Nine Months Ended
| Nov 2, 2024 |  | Oct 28, 2023 |  | Nov 2, 2024 |  | Oct 28, 2023
Net earnings (loss) attributable to Guess?, Inc. | $ | (23,395) |  |  | $ | 55,701 |  |  | $ | (20,976) |  |  | $ | 82,929 |
Less net earnings attributable to nonvested restricted stockholders | 210 |  |  | 672 |  |  | 687 |  |  | 1,066 |
Net earnings (loss) attributable to common stockholders | (23,605) |  |  | 55,029 |  |  | (21,663) |  |  | 81,863 |
Add expenses (income) related to the convertible senior notes 1 | (7,712) |  |  | 2,779 |  |  | — |  |  | 6,826 |
Net earnings (loss) attributable to common stockholders used in diluted computations | $ | (31,317) |  |  | $ | 57,808 |  |  | $ | (21,663) |  |  | $ | 88,689 |
Weighted average common shares used in basic computations | 50,798 |  |  | 53,052 |  |  | 52,047 |  |  | 53,450 |
Effect of dilutive securities: |  |  |  |  |  |  |
Stock options and restricted stock units | — |  |  | 1,366 |  |  | — |  |  | 1,276 |
Convertible senior notes | 15,810 |  |  | 15,913 |  |  | — |  |  | 13,372 |
Weighted average common shares used in diluted computations | 66,608 |  |  | 70,331 |  |  | 52,047 |  |  | 68,098 |
Net earnings (loss) per common share attributable to common stockholders:
Basic | $ | (0.46) |  |  | $ | 1.04 |  |  | $ | (0.42) |  |  | $ | 1.53 |
Diluted | $ | (0.47) |  |  | $ | 0.82 |  |  | $ | (0.42) |  |  | $ | 1.30 |
______________________________________________________________________ Notes: 1 Expenses (income) related to the convertible senior notes include interest expense, loss on extinguishment of debt and (gain) loss on fair value remeasurement for embedded derivative, net of associated income tax effect. Potentially dilutive common stock, including equity awards granted that were outstanding as well as shares issuable under convertible senior notes, are not included in the computation of diluted weighted average common shares and common equivalent shares outstanding if their effect would have been antidilutive. Antidilutive shares excluded from the computation of diluted weighted average common shares and common equivalent shares outstanding are:
| Three Months Ended |  | Nine Months Ended
| Nov 2, 2024 |  | Oct 28, 2023 |  | Nov 2, 2024 |  | Oct 28, 2023
Stock options and restricted stock units 1 | 1,492,824 |  |  | 159,950 |  |  | 1,557,115 |  |  | 1,011,089 |
Convertible senior notes | — |  |  | — |  |  | 15,798,155 |  |  | 1,491,394 |
Total | 1,492,824 |  |  | 159,950 |  |  | 17,355,270 |  |  | 2,502,483 |
______________________________________________________________________ Notes: 1 During the three months ended November 2, 2024, 1,172,118 potentially dilutive shares were excluded given the Company’s net loss and 320,706 potentially dilutive shares were excluded because the assumed proceeds resulted in these awards being antidilutive. During the nine months ended November 2, 2024, 1,313,235 potentially dilutive shares were excluded given the Company’s net loss and 243,880 potentially dilutive shares were excluded because the assumed proceeds resulted in these awards being antidilutive. For the three and nine months ended November 2, 2024, the Company excluded 574,941 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 November 2, 2024. For the three and nine months ended October 28, 2023, the Company excluded 640,042 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 October 28, 2023. Warrants related to the 2.00% convertible senior notes due April 2024 (the “2024 Notes”) to purchase approximately 0.3 million and 4.6 million shares of the Company’s common shares at adjusted strike prices of $40.65 and $44.53 per share were outstanding as of November 2, 2024 and October 28, 2023, respectively. Warrants related to the 3.75% convertible senior notes due April 2028 (the “2028 Notes”, and together with the 2024 Notes, the “Notes”) to purchase approximately 15.8 million and 11.1 million shares of the Company’s common shares at adjusted strike prices of $37.61 and $41.51 per share were outstanding as of November 2, 2024 and October 28, 2023, respectively. During the three and nine months ended November 2, 2024 and October 28, 2023, these warrants were excluded from the computation of diluted net earnings (loss) per share since the warrants’ adjusted strike price was greater than the average market price of the Company’s common stock. See Note 11 for more information regarding the Notes.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration