The components of equity for the six months ended July 31, 2021 and 2020 are as follows (in thousands):


			Movado Group, Inc. Shareholders' Equity
	Preferred Stock		Common Stock (1)		Class A Common Stock (2)		Capital in Excess of Par Value			Retained Earnings			Accumulated Other Comprehensive Income			Treasury Stock			Noncontrolling Interest			Total Movado Group, Inc. Shareholders' Equity			Redeemable Noncontrolling Interest
Balance, January 31, 2021	$	—	$	281	$	65	$	214,043		$	341,641		$	92,540		$	(223,306	)	$	2,070		$	427,334		$	2,600
Net income/(loss) attributable to Movado Group, Inc.											28,819									424			29,243			(91	)
Dividends ($0.40 per share)											(9,298	)											(9,298	)
Stock options exercised				3				621									(1,654	)					(1,030	)
Stock repurchase																	(9,975	)					(9,975	)
Supplemental executive retirement plan								57															57
Stock-based compensation expense								2,784															2,784
Net unrealized gain on investments, net of tax provision of $8														25									25
Amortization of prior service cost, net of tax provision of $8														29									29
Foreign currency translation adjustment (3)														(2,108	)					(102	)		(2,210	)		(66	)
Balance, July 31, 2021	$	—	$	284	$	65	$	217,505		$	361,162		$	90,486		$	(234,935	)	$	2,392		$	436,959		$	2,443

	Preferred Stock		Common Stock (1)		Class A Common Stock (2)		Capital in Excess of Par Value			Retained Earnings			Accumulated Other Comprehensive Income			Treasury Stock			Noncontrolling Interest			Total Movado Group, Inc. Shareholders' Equity			Redeemable Noncontrolling Interest
Balance, January 31, 2020	$	—	$	279	$	65	$	208,473		$	455,479		$	85,050		$	(222,809	)	$	707		$	527,244		$	3,165
Net (loss)/income attributable to Movado Group, Inc.											(156,608	)								222			(156,386	)		(325	)
Stock options exercised				2				(2	)								(474	)					(474	)
Supplemental executive retirement plan								48															48
Stock-based compensation expense (4)								3,109															3,109
Net unrealized loss on investments, net of tax benefit of $11														(32	)								(32	)
Amortization of prior service cost, net of tax provision of $8														28									28
Foreign currency translation adjustment (3)														1,063						59			1,122			197
Balance, July 31, 2020	$	—	$	281	$	65	$	211,628		$	298,871		$	86,109		$	(223,283	)	$	988		$	374,659		$	3,037

(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.

(3)

The currency translation adjustment is not adjusted for income taxes to the extent that it relates to permanent investments of earnings in international subsidiaries.

(4)

Includes $0.4 million related to the Restructuring Plan of the corporate initiatives.