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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2021
Jan. 31, 2021
Jul. 31, 2020
Current assets:      
Cash and cash equivalents $ 199,721 $ 223,811 $ 170,195
Trade receivables, net 89,710 76,931 60,128
Inventories 183,289 152,580 173,374
Other current assets 23,144 23,479 29,098
Income taxes receivable 8,602 24,850 758
Total current assets 504,466 501,651 433,553
Property, plant and equipment, net 19,656 22,349 25,888
Operating lease right-of-use assets 71,253 76,070 82,169
Deferred and non-current income taxes 41,579 42,507 59,747
Other intangibles, net 15,550 17,081 18,071
Other non-current assets 58,394 59,599 60,261
Total assets 710,898 719,257 679,689
Current liabilities:      
Accounts payable 45,670 28,187 29,929
Accrued liabilities 50,329 51,124 45,509
Accrued payroll and benefits 13,864 18,047 12,431
Current operating lease liabilities 14,863 15,861 14,766
Income taxes payable 10,379 14,452 6,774
Total current liabilities 135,105 127,671 109,409
Loans payable to bank   21,230 48,341
Deferred and non-current income taxes payable 20,185 21,895 20,743
Non-current operating lease liabilities 64,520 68,412 75,376
Other non-current liabilities 51,686 50,115 48,124
Total liabilities 271,496 289,323 301,993
Commitments and contingencies (Note 11)
Redeemable noncontrolling interest 2,443 2,600 3,037
Equity:      
Preferred Stock, $0.01 par value, 5,000,000 shares authorized; no shares issued 0 0 0
Capital in excess of par value 217,505 214,043 211,628
Retained earnings 361,162 341,641 298,871
Accumulated other comprehensive income 90,486 92,540 86,109
Treasury Stock, 11,881,311, 11,492,591 and 11,490,610 shares, respectively, at cost (234,935) (223,306) (223,283)
Total Movado Group, Inc. shareholders' equity 434,567 425,264 373,671
Noncontrolling interest 2,392 2,070 988
Total equity 436,959 427,334 374,659
Total liabilities, redeemable noncontrolling interest and equity 710,898 719,257 679,689
Common Stock Class Undefined      
Equity:      
Common Stock 284 281 281
Total equity [1] 284 281 281
Class A Common Stock      
Equity:      
Common Stock 65 65 65
Total equity [2] $ 65 $ 65 $ 65
[1] Each share of common stock is entitled to one vote per share on all matters submitted to a vote of the shareholders.
[2] Each share of class A common stock is entitled to 10 votes per share on all matters submitted to a vote of the shareholders. Each holder of class A common stock is entitled to convert, at any time, any and all of such shares into the same number of shares of common stock. Each share of class A common stock is converted automatically into common stock in the event that the beneficial or record ownership of such shares of class A common stock is transferred to any person, except to certain family members or affiliated persons deemed “permitted transferees” pursuant to the Company’s Restated Certificate of Incorporation, as amended. The class A common stock is not publicly traded, and consequently, there is currently no established public trading market for these shares.