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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jul. 31, 2021
Jul. 31, 2020
Cash flows from operating activities:    
Net income/(loss) attributable to Movado Group, Inc. $ 28,819 $ (156,608)
Adjustments to reconcile net (loss)/income to net cash used in operating activities:    
Impairment of goodwill and intangible assets 0 155,919
Non-cash corporate initiatives 0 6,608
Gain on sale of a non-operating asset 0 (1,317)
Depreciation and amortization 6,283 7,200
Transactional (gains)/losses (497) 237
Provision for inventories and accounts receivable 2,128 1,148
Deferred income taxes 825 (36,721)
Stock-based compensation 2,784 2,727
Other 456 93
Changes in assets and liabilities:    
Trade receivables (13,245) 16,847
Inventories (33,771) (1,505)
Other current assets 1,138 (2,415)
Accounts payable 17,992 (5,662)
Accrued liabilities 1,515 664
Accrued payroll and benefits (4,100) 5,846
Income taxes receivable 17,986 0
Income taxes payable (6,317) (4,145)
Other non-current assets 620 (845)
Other non-current liabilities 62 553
Net cash provided by/(used in) operating activities 22,678 (11,376)
Cash flows from investing activities:    
Capital expenditures (1,786) (1,891)
Proceeds from sale of a non-operating asset 0 1,317
Trademarks and other intangibles (133) (51)
Net cash used in investing activities (1,919) (625)
Cash flows from financing activities:    
Repayment of bank borrowings (21,140) (36,772)
Proceeds from bank borrowings 0 30,879
Dividends paid (11,618) 0
Stock repurchase (9,975) 0
Stock awards and options exercised and other changes (1,030) (474)
Debt issuance cost 0 (300)
Net cash used in financing activities (43,763) (6,667)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (1,096) 3,022
Net decrease in cash, cash equivalents and restricted cash (24,100) (15,646)
Cash, cash equivalents and restricted cash at beginning of year 224,423 186,438
Cash, cash equivalents and restricted cash at end of period 200,323 170,792
Reconciliation of cash, cash equivalents, and restricted cash:    
Cash and cash equivalents 199,721 170,195
Restricted cash included in other non-current assets 602 597
Cash, cash equivalents and restricted cash at end of period $ 200,323 $ 170,792