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Segment and Geographic Information (Tables)

12 Months Ended

Jan. 31, 2022

Operating Segment Data as of and for the Fiscal Year Ended January 31, (in thousands):


	Net Sales
	2022		2021		2020
Watch and Accessory Brands:
Owned brands category	$	249,940	$	178,173	$	257,954
Licensed brands category		368,354		262,367		344,681
After-sales service and all other		7,929		6,822		9,763
Total Watch and Accessory Brands		626,223		447,362		612,398
Company Stores		106,170		59,035		88,568
Consolidated total	$	732,393	$	506,397	$	700,966


	Operating Income/(Loss) (1) (2) (3) (4) (5)
	2022		2021			2020
Watch and Accessory Brands	$	85,619	$	(152,662	)	$	29,529
Company Stores		31,872		10,535			13,462
Consolidated total	$	117,491	$	(142,127	)	$	42,991


	Total Assets				Capital Expenditure
	2022		2021			2022		2021		2020
Watch and Accessory Brands	$	701,986	$	659,681		$	2,956	$	2,909	$	7,616
Company Stores		59,174		59,576			2,700		109		5,097
Consolidated total	$	761,160	$	719,257		$	5,656	$	3,018	$	12,713


	Depreciation and Amortization
	2022		2021		2020
Watch and Accessory Brands	$	9,810	$	11,462	$	14,013
Company Stores		2,653		2,650		2,368
Consolidated total	$	12,463	$	14,112	$	16,381

Geographic Segment Data

Geographic Location Data as of and for the Fiscal Year Ended January 31, (in thousands):


	Net Sales (6)						Operating Income/(Loss) (1) (2) (3) (4) (5) (7) (8)
	2022		2021		2020		2022		2021			2020
United States	$	346,092	$	214,818	$	302,426	$	40,476	$	(128,430	)	$	(22,719	)
International		386,301		291,579		398,540		77,015		(13,697	)		65,710
Consolidated total	$	732,393	$	506,397	$	700,966	$	117,491	$	(142,127	)	$	42,991


	Total Assets				Property, Plant and Equipment, Net
	2022		2021		2022		2021
United States	$	352,806	$	352,517	$	13,246	$	14,792
International		408,354		366,740		6,224		7,557
Consolidated total	$	761,160	$	719,257	$	19,470	$	22,349

(1)

Fiscal 2021 operating loss in the United States locations of the Watch and Accessory Brands segment included a charge of $99.7 million, related to the impairment of goodwill and intangible assets associated with the MVMT brand. Fiscal 2021 operating loss in the International locations of the Watch and Accessory Brands segment included a charge of $56.2 million related to the impairment of goodwill associated with the Olivia Burton brand and City Time Joint Venture.

(2)

Fiscal 2022 operating income in the United States locations and the International locations of the Watch and Accessory Brands segment included income of $0.1 million and $1.0 million, respectively, related to a reversal in certain corporate initiatives charges due to a change in estimate that the Company took in fiscal 2021 in response to the impact on its business due to the COVID-19 pandemic primarily due to a collection of a previously reserved receivable. Fiscal 2021 operating loss in the United States locations and the International locations of the Watch and Accessory Brands segment included a charge of $8.0 million and $4.6 million, respectively, related to the corporate initiatives that the Company took in response to the impact on its business due to the COVID-19 pandemic.

(3)

Fiscal 2022, 2021 and 2020 operating income/(loss) in the United States locations of the Watch and Accessory Brands segment included $0.4 million, $1.6 million and $4.6 million, respectively, of expenses primarily related to the amortization of intangible assets, deferred compensation and certain accounting adjustments associated with the MVMT brand.

(4)

Fiscal 2022, 2021 and 2020 operating (loss)/income in the International locations of the Watch and Accessory Brands segment included $2.9 million, $2.7 million and $2.8 million, respectively, of expenses primarily related to the amortization of acquired intangible assets, as a result of the Company’s acquisition of the Olivia Burton brand.

(5)

Fiscal 2020 United States and International locations of the Watch and Accessory Brands operating (loss)/income included income of $0.3 million due to a change in estimate related to the Company’s fiscal 2018 cost savings initiatives.

(6)

The United States and International net sales are net of intercompany sales of $358.9 million, $236.9 million and $346.8 million for the fiscal years ended January 31, 2022, 2021 and 2020, respectively.

(7)

The United States operating income/(loss) included $38.7 million, $29.1 million and $29.0 million of unallocated corporate expenses for the fiscal years ended January 31, 2022, 2021 and 2020, respectively.

(8)

The International operating income/(loss) included $80.5 million, $63.0 million and $73.3 million of certain intercompany profits related to the Company’s supply chain operations for the fiscal years ended January 31, 2022, 2021 and 2020, respectively.