Segment and Geographic Information (Tables)

6 Months Ended

Jul. 31, 2022

Operating Segment Data for the Three Months Ended July 31, 2022 and 2021 (in thousands):


	Net Sales
	2022		2021
Watch and Accessory Brands:
Owned brands category	$	56,694	$	60,902
Licensed brands category		96,536		84,077
After-sales service and all other		1,073		1,200
Total Watch and Accessory Brands		154,303		146,179
Company Stores		28,501		27,695
Consolidated total	$	182,804	$	173,874


	Operating Income (3)
	2022		2021
Watch and Accessory Brands	$	23,372	$	15,718
Company Stores		7,285		8,915
Consolidated total	$	30,657	$	24,633

Operating Segment Data as of and for the Six Months Ended July 31, 2022 and 2021 (in thousands):


	Net Sales
	2022		2021
Watch and Accessory Brands:
Owned brands category	$	109,864	$	109,273
Licensed brands category		185,376		151,703
After-sales service and all other		2,431		1,482
Total Watch and Accessory Brands		297,671		262,458
Company Stores		48,557		46,214
Consolidated total	$	346,228	$	308,672


	Operating Income (3)
	2022		2021
Watch and Accessory Brands	$	44,919	$	24,503
Company Stores		11,032		13,386
Consolidated total	$	55,951	$	37,889


	Total Assets
	July 31, 2022		January 31, 2022		July 31, 2021
Watch and Accessory Brands	$	699,060	$	701,986	$	651,495
Company Stores		67,076		59,174		59,403
Consolidated total	$	766,136	$	761,160	$	710,898

Geographic Segment Data

Geographic Location Data for the Three Months Ended July 31, 2022 and 2021 (in thousands):


	Net Sales				Operating Income (3)
	2022		2021		2022		2021
United States (1)	$	80,866	$	85,487	$	4,011	$	8,820
International (2)		101,938		88,387		26,646		15,813
Consolidated total	$	182,804	$	173,874	$	30,657	$	24,633

United States and International net sales are net of intercompany sales of $101.2 million and $90.7 million for the three months ended July 31, 2022 and 2021, respectively.

Geographic Location Data as of and for the Six Months Ended July 31, 2022 and 2021 (in thousands):


	Net Sales				Operating Income (3)
	2022		2021		2022		2021
United States (1)	$	151,089	$	151,380	$	4,559	$	9,579
International (2)		195,139		157,292		51,392		28,310
Consolidated total	$	346,228	$	308,672	$	55,951	$	37,889

United States and International net sales are net of intercompany sales of $197.4 million and $160.4 million for the six months ended July 31, 2022 and 2021, respectively.

(1)

The United States operating income included $12.5 million and $13.0 million of unallocated corporate expenses for the three months ended July 31, 2022 and 2021, respectively. The United States operating income included $26.0 million and $21.9 million of unallocated corporate expenses for the six months ended July 31, 2022 and 2021, respectively.

(2)

The International operating income included $18.8 million and $16.9 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended July 31, 2022 and 2021, respectively. The International operating income included $37.9 million and $30.8 million of certain intercompany profits related to the Company’s supply chain operations for the six months ended July 31, 2022 and 2021, respectively.

(3)

For the three months ended July 31, 2022 and 2021, and for the six months ended July 31, 2022 and 2021, in the United States locations of the Watch and Accessory Brands segment, operating income included a charge of $0.1 million, $0.1 million, $0.2 million and $0.2 million, respectively, 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 the three months ended July 31, 2022 and 2021, and for the six months ended July 31, 2022 and 2021 operating income included a charge of $0.6 million, $0.7 million, $1.3 million and $1.4 million, respectively, related to the amortization of acquired intangible assets as a result of the Company’s acquisition of the Olivia Burton brand.


	Total Assets
	July 31, 2022		January 31, 2022		July 31, 2021
United States	$	440,650	$	352,806	$	350,187
International		325,486		408,354		360,711
Consolidated total	$	766,136	$	761,160	$	710,898


	Property, Plant and Equipment, Net
	July 31, 2022		January 31, 2022		July 31, 2021
United States	$	12,617	$	13,246	$	13,014
International		5,339		6,224		6,642
Consolidated total	$	17,956	$	19,470	$	19,656