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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Jul. 31, 2022
Jul. 31, 2021
Income Statement [Abstract]        
Net sales $ 182,804 $ 173,874 $ 346,228 $ 308,672
Cost of sales 75,877 75,421 142,616 136,017
Gross profit 106,927 98,453 203,612 172,655
Selling, general and administrative 76,270 73,820 147,661 134,766
Operating income [1] 30,657 24,633 55,951 37,889
Non-operating income/(expense):        
Other income 199 257 282 357
Interest expense (101) (174) (213) (449)
Income before income taxes 30,755 24,716 56,020 37,797
Provision for income taxes (Note 10) 6,418 5,315 12,429 8,645
Net income 24,337 19,401 43,591 29,152
Less: Net income/(loss) attributable to noncontrolling interests 334 (9) 1,075 333
Net income attributable to Movado Group, Inc. $ 24,003 $ 19,410 $ 42,516 $ 28,819
Basic income per share:        
Weighted basic average shares outstanding 22,558 23,332 22,697 23,326
Net income per share attributable to Movado Group, Inc. $ 1.06 $ 0.83 $ 1.87 $ 1.24
Diluted income per share:        
Weighted diluted average shares outstanding 22,966 23,739 23,176 23,736
Net income per share attributable to Movado Group, Inc. $ 1.05 $ 0.82 $ 1.83 $ 1.21
[1] 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.