−Removed: MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER REPURCHASES OF EQUITY SECURITIES.
+Added: MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.
Market For Common Stock
3 unchanged sentences
Dividend Policy
−Removed: Our Board of Directors (the “Board”) currently intends to follow a policy of retaining any earnings to finance the growth and development of our business and does not anticipate paying cash dividends in the foreseeable future.
+Added: Our Board of Directors (the “Board”) currently intends to follow a policy of retaining any earnings to finance the growth and development of our business.
Any future determination as to the payment of cash dividends will be dependent upon our financial condition, results of operations and other factors deemed relevant by the Board.
14 unchanged sentences
Repurchases under the program may be made from time to time over the period through open market purchases, accelerated share repurchase programs, privately negotiated transactions or other methods, as we deem appropriate.
+Added: In March 2022, our Board of Directors increased the authorized share repurchase program to 10,000,000 shares.
Performance Graph
5 unchanged sentences
(January 31, 2017 — January 31, 2022)
−Removed: SELECTED FINANCIAL DATA.
−Removed: The selected consolidated financial data set forth below as of and for the years ended January 31, 2021, 2020, 2019, 2018 and 2017, have been derived from our audited consolidated financial statements.
−Removed: Our audited consolidated balance sheets as of January 31, 2019, 2018 and 2017, and our audited consolidated statements of income for the years ended January 31, 2018 and 2017 are not included in this filing.
−Removed: The selected consolidated financial data should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” (Item 7 of this Report) and the audited consolidated financial statements and related notes thereto included elsewhere in this Annual Report on Form 10-K.
−Removed: We consolidate the accounts of all of our wholly-owned subsidiaries.
−Removed: Fabco Holding B.V.
−Removed: (“Fabco”) is a Dutch joint venture limited liability company that was 49% owned by us through November 30, 2020.
−Removed: Effective December 1, 2020, we increased our ownership interest in Fabco to 75%.
−Removed: As a result, Fabco is now treated as a consolidated majority-owned subsidiary.
−Removed: KL North America B.V.
−Removed: (“KLNA”) is a Dutch joint venture limited liability that 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 through its subsidiary.
−Removed: Karl Lagerfeld Holding B.V.
−Removed: (“KLH”) is a Dutch limited liability company that is 19% owned by us.
−Removed: KLH holds the worldwide rights to the Karl Lagerfeld brand.
−Removed: We account for these two investments using the equity method of accounting.
−Removed: 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.
−Removed: Accordingly, the results of Vilebrequin, KLNA, KLH and Fabco are and will be included in our financial statements for the year ended or ending closest to G-III’s fiscal year.
−Removed: For example, for G-III’s fiscal year ended January 31, 2021, the results of Vilebrequin, KLNA, KLH and Fabco are included for the year ended December 31, 2020.
−Removed: The Company’s retail stores report results on a 52/53-week fiscal year for the retail operations segment.
−Removed: The Company’s year ended January 31, 2018 was a 53-week fiscal year for the retail operations segment.
−Removed: All other years presented were a 52-week fiscal year for the retail operations segment.
−Removed: The operating results of DKI have been included in our financial statements since December 1, 2016, the date of acquisition.
−Removed: Consolidated Income Statement Data
−Removed: Year Ended January 31,
−Removed: (In thousands, except per share data)
−Removed: Cost of goods sold
−Removed: Selling, general and administrative expenses
−Removed: Depreciation and amortization
−Removed: Asset impairment, net of gain on lease terminations
−Removed: Operating profit
−Removed: Other income (loss)
−Removed: Interest and financing charges, net
−Removed: Income before income taxes
−Removed: Income tax expense
−Removed: Loss attributable to noncontrolling interests
−Removed: Net income attributable to G-III Apparel Group, Ltd.
−Removed: Basic earnings per share attributable to G-III Apparel Group, Ltd.
−Removed: Weighted average shares outstanding - basic
−Removed: Diluted earnings per share attributable to G-III Apparel Group, Ltd.
−Removed: Weighted average shares outstanding - diluted
−Removed: Consolidated Balance Sheet Data
−Removed: Year Ended January 31,
−Removed: (In thousands)
−Removed: Working capital
−Removed: Short-term debt
−Removed: Long-term debt
−Removed: Total stockholders' equity
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.