Segment and Geographic Information (Tables)

9 Months Ended

Oct. 31, 2022

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


	Net Sales
	2022		2021
Watch and Accessory Brands:
Owned brands category	$	61,585	$	69,433
Licensed brands category		122,814		122,098
After-sales service and all other		1,766		2,795
Total Watch and Accessory Brands		186,165		194,326
Company Stores		25,232		23,420
Consolidated total	$	211,397	$	217,746


	Operating Income (3)
	2022		2021
Watch and Accessory Brands	$	33,626	$	34,854
Company Stores		4,645		6,549
Consolidated total	$	38,271	$	41,403

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


	Net Sales
	2022		2021
Watch and Accessory Brands:
Owned brands category	$	171,449	$	178,706
Licensed brands category		308,190		273,801
After-sales service and all other		4,197		4,277
Total Watch and Accessory Brands		483,836		456,784
Company Stores		73,789		69,634
Consolidated total	$	557,625	$	526,418


	Operating Income (3)
	2022		2021
Watch and Accessory Brands	$	78,545	$	59,357
Company Stores		15,677		19,935
Consolidated total	$	94,222	$	79,292


	Total Assets
	October 31, 2022		January 31, 2022		October 31, 2021
Watch and Accessory Brands	$	704,953	$	701,986	$	679,112
Company Stores		70,727		59,174		61,905
Consolidated total	$	775,680	$	761,160	$	741,017

Geographic Segment Data

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


	Net Sales				Operating Income (3)
	2022		2021		2022		2021
United States (1)	$	87,350	$	92,783	$	2,228	$	6,996
International (2)		124,047		124,963		36,043		34,407
Consolidated total	$	211,397	$	217,746	$	38,271	$	41,403

United States and International net sales are net of intercompany sales of $105.6 million and $118.7 million for the three months ended October 31, 2022 and 2021, respectively.

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


	Net Sales				Operating Income (3)
	2022		2021		2022		2021
United States (1)	$	238,439	$	244,163	$	6,787	$	16,575
International (2)		319,186		282,255		87,435		62,717
Consolidated total	$	557,625	$	526,418	$	94,222	$	79,292

United States and International net sales are net of intercompany sales of $303.0 million and $279.1 million for the nine months ended October 31, 2022 and 2021, respectively.

(1)

The United States operating income included $16.5 million and $21.6 million of unallocated corporate expenses for the three months ended October 31, 2022 and 2021, respectively. The United States operating income included $42.5 million and $43.5 million of unallocated corporate expenses for the nine months ended October 31, 2022 and 2021, respectively.

(2)

The International operating income included $27.6 million and $28.9 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended October 31, 2022 and 2021, respectively. The International operating income included $65.5 million and $59.7 million of certain intercompany profits related to the Company’s supply chain operations for the nine months ended October 31, 2022 and 2021, respectively.

(3)

For the three months ended October 31, 2022 and 2021, and for the nine months ended October 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 $0.3 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 October 31, 2022 and 2021, and for the nine months ended October 31, 2022 and 2021 operating income included a charge of $0.6 million, $0.7 million, $1.9 million and $2.1 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
	October 31, 2022		January 31, 2022		October 31, 2021
United States	$	447,493	$	352,806	$	370,185
International		328,187		408,354		370,832
Consolidated total	$	775,680	$	761,160	$	741,017


	Property, Plant and Equipment, Net
	October 31, 2022		January 31, 2022		October 31, 2021
United States	$	13,087	$	13,246	$	12,836
International		5,120		6,224		6,529
Consolidated total	$	18,207	$	19,470	$	19,365