Valuation and Qualifying Accounts

12 Months Ended

Jan. 31, 2022

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

Valuation and Qualifying Accounts

Schedule II

MOVADO GROUP, INC.

VALUATION AND QUALIFYING ACCOUNTS

(In thousands)

Description	Balance at beginning of year		Net provision/(benefit) charged to operations				Currency revaluation			Net write-offs			Balance at end of year
Year ended January 31, 2022:
Doubtful accounts	$	7,042	$	(98	)	(1)	$	(161	)	$	(952	)	$	5,831
Returns		13,901		31,105				(223	)		(31,068	)		13,715
Other sales allowances		8,154		10,798				(169	)		(9,678	)		9,105
Deferred tax asset valuation allowance		7,007		1,001				(158	)		(829	)		7,021
Total	$	36,104	$	42,806			$	(711	)	$	(42,527	)	$	35,672
Year ended January 31, 2021:
Doubtful accounts	$	5,643	$	1,331			$	316		$	(248	)	$	7,042
Returns		13,280		31,892				325			(31,596	)		13,901
Other sales allowances		8,801		6,189				251			(7,087	)		8,154
Deferred tax asset valuation allowance		5,481		1,644				538			(656	)		7,007
Total	$	33,205	$	41,056			$	1,430		$	(39,587	)	$	36,104
Year ended January 31, 2020:
Doubtful accounts	$	5,492	$	734			$	69		$	(652	)	$	5,643
Returns		13,034		31,232				71			(31,057	)		13,280
Other sales allowances		7,380		12,612				9			(11,200	)		8,801
Deferred tax asset valuation allowance		5,257		516				(169	)		(123	)		5,481
Total	$	31,163	$	45,094			$	(20	)	$	(43,032	)	$	33,205

(1) Includes a $0.9 million reversal due to the Company collecting fully on a customer account previously reserved as part of the corporate initiatives.