17 unchanged sentences
January 1 - January 31, 2021
−Removed: (1) Included in this table are 294,994 shares withheld during December 2019 and January 2020 in connection with the settlement of vested restricted stock units to satisfy tax withholding requirements.
+Added: (1) Included in this table are 255 shares withheld during January 2021 in connection with the settlement of vested restricted stock units to satisfy tax withholding requirements.
Our 2015 Long-Term Incentive Plan provides that shares withheld are valued at the closing price per share on the date withheld.
14 unchanged sentences
We consolidate the accounts of all of our wholly-owned subsidiaries.
+Added: Fabco Holding B.V.
+Added: (“Fabco”) is a Dutch joint venture limited liability company that was 49% owned by us through November 30, 2020.
+Added: Effective December 1, 2020, we increased our ownership interest in Fabco to 75%.
+Added: As a result, Fabco is now treated as a consolidated majority-owned subsidiary.
KL North America B.V.
−Removed: (“KLNA”) and Fabco Holding B.V.
−Removed: (“Fabco”) are Dutch limited liability companies that are joint ventures, each of which is 49% owned by us.
−Removed: KLNA operates the Karl Lagerfeld business in the United States, Mexico and Canada and Fabco operates the DKNY/Donna Karan business in China.
+Added: (“KLNA”) is a Dutch joint venture limited liability that is 49% owned by us.
+Added: KLNA operates the Karl Lagerfeld business in the United States, Mexico and Canada and Fabco operates the DKNY/Donna Karan business in China through its subsidiary.
Karl Lagerfeld Holding B.V.
1 unchanged sentence
KLH holds the worldwide rights to the Karl Lagerfeld brand.
−Removed: We account for these three investments using the equity method of accounting.
+Added: We account for these two investments using the equity method of accounting.
Our Vilebrequin subsidiary, KLNA, KLH and Fabco report results on a calendar year basis rather than on the January 31 fiscal year basis used by G-III.
17 unchanged sentences
Income tax expense
−Removed: Basic earnings per share
+Added: Loss attributable to noncontrolling interests
+Added: Net income attributable to G-III Apparel Group, Ltd.
+Added: Basic earnings per share attributable to G-III Apparel Group, Ltd.
Weighted average shares outstanding - basic
−Removed: Diluted earnings per share
+Added: Diluted earnings per share attributable to G-III Apparel Group, Ltd.
Weighted average shares outstanding - diluted
7 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.