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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Income Statement [Abstract]    
Net sales $ 163,424 $ 134,798
Cost of sales 66,739 60,596
Gross profit 96,685 74,202
Selling, general and administrative 71,391 60,946
Operating income [1] 25,294 13,256
Non-operating income/(expense):    
Other income 83 100
Interest expense (112) (275)
Income before income taxes 25,265 13,081
Provision for income taxes (Note 10) 6,011 3,330
Net income 19,254 9,751
Less: Net income attributable to noncontrolling interests 741 342
Net income attributable to Movado Group, Inc. $ 18,513 $ 9,409
Basic income per share:    
Weighted basic average shares outstanding 22,840 23,320
Net income per share attributable to Movado Group, Inc. $ 0.81 $ 0.40
Diluted income per share:    
Weighted diluted average shares outstanding 23,397 23,741
Net income per share attributable to Movado Group, Inc. $ 0.79 $ 0.40
[1] For both the three months ended April 30, 2022 and 2021, in the United States locations of the Watch and Accessory Brands segment, operating income included a charge of $0.1 million of expenses related to the amortization of intangible assets and deferred compensation associated with the MVMT brand. In addition, in the International locations of the Watch and Accessory Brands segment for both the three months ended April 30, 2022 and 2021, operating income included a charge of $0.7 million of expenses related to the amortization of acquired intangible assets as a result of the Company’s acquisition of the Olivia Burton brand.