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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2024
Jan. 31, 2024
Jul. 31, 2023
Current assets:      
Cash and cash equivalents $ 198,251 $ 262,059 $ 218,909
Trade receivables, net 109,784 104,472 95,821
Inventories 176,396 148,031 181,448
Other current assets 26,421 17,962 25,206
Income taxes receivable 13,088 11,354 12,988
Total current assets 523,940 543,878 534,372
Property, plant and equipment, net 20,315 19,436 19,740
Operating lease right-of-use assets 85,350 82,661 71,358
Deferred and non-current income taxes 42,685 43,016 45,004
Other intangibles, net 6,645 7,493 8,432
Other non-current assets 80,253 72,598 70,791
Total assets 759,188 769,082 749,697
Current liabilities:      
Accounts payable 36,769 32,775 28,435
Accrued liabilities 45,074 38,695 47,135
Accrued payroll and benefits 9,778 7,591 10,976
Current operating lease liabilities 18,352 15,696 17,069
Income taxes payable 8,962 18,318 18,078
Total current liabilities 118,935 113,075 121,693
Deferred and non-current income taxes payable 1,028 8,234 8,321
Non-current operating lease liabilities 76,314 76,396 63,565
Other non-current liabilities 56,336 52,420 52,220
Total liabilities 252,613 250,125 245,799
Commitments and contingencies (Note 8)
Equity:      
Preferred Stock, $0.01 par value, 5,000,000 shares authorized; no shares issued 0 0 0
Capital in excess of par value 242,039 239,062 234,443
Retained earnings 461,382 470,317 456,279
Accumulated other comprehensive income 87,838 92,335 91,810
Treasury Stock, 13,408,334, 13,328,095 and 13,213,877 shares, respectively, at cost (287,499) (285,270) (282,101)
Total Movado Group, Inc. shareholders' equity 504,116 516,798 500,784
Noncontrolling interest 2,459 2,159 3,114
Total equity 506,575 518,957 503,898
Total liabilities and equity 759,188 769,082 749,697
Common Stock Class Undefined      
Equity:      
Common Stock 292 290 289
Class A Common Stock      
Equity:      
Common Stock $ 64 $ 64 $ 64