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Equity - Components of Equity (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Jul. 31, 2023
Oct. 31, 2024
Oct. 31, 2023
Beginning Balance $ 506,575 $ 503,898   $ 518,957 $ 510,544
Net income attributable to Movado Group, Inc. 5,433 17,670   12,357 35,134
Dividends (7,772) (7,749)   (23,319) (45,399)
Distribution of noncontrolling interest earnings   (780)     (780)
Stock awards and options exercised (26) 19   (1,101) (73)
Stock repurchases (1,542) (1,916)   (2,628) (2,349)
Supplemental executive retirement plan 33 45   89 127
Stock-based compensation expense 1,239 1,950   4,094 5,529
Net unrealized gain (loss) on investments, net of tax (benefit) provision 4 (9)   24 (38)
Net change in effective portion of hedging contracts, net of tax (benefit) provision 202 (23)   174 169
Amortization of prior service cost, net of tax provision 13 15   37 45
Foreign currency translation adjustment [1] 2,265 (10,202)   (2,260) 9
Ending Balance $ 506,424 $ 502,918 $ 503,898 $ 506,424 $ 502,918
Common Stock Class Undefined          
Beginning Balance, Shares       29,004,001  
Ending Balance, Shares 29,174,709 28,879,497   29,174,709 28,879,497
Class A Common Stock          
Beginning Balance, Shares       6,483,116  
Ending Balance, Shares 6,458,376 6,483,116   6,458,376 6,483,116
Common Stock          
Beginning Balance $ 292 $ 289   $ 290 $ 288
Beginning Balance, Shares [2] 29,170,000 28,876,000   29,004,000 28,807,000
Stock awards and options exercised       $ 2  
Stock awards and options exercised, shares [2]   3,000 5,000 145,000 30,000
Conversion of Class A Common Stock to Common Stock         $ 1
Conversion of Class A Common Stock to Common Stock, shares [2]       25,000 42,000
Supplemental executive retirement plan, shares [2]       1,000  
Ending Balance $ 292 $ 289 $ 289 $ 292 $ 289
Ending Balance, Shares [2] 29,175,000 28,879,000 28,876,000 29,175,000 28,879,000
Common Stock | Class A Common Stock          
Beginning Balance $ 64 $ 64   $ 64 $ 65
Beginning Balance, Shares [3] 6,458,000 6,483,000   6,483,000 6,525,000
Conversion of Class A Common Stock to Common Stock         $ (1)
Conversion of Class A Common Stock to Common Stock, shares [3]       (25,000) (42,000)
Ending Balance $ 64 $ 64 $ 64 $ 64 $ 64
Ending Balance, Shares [3] 6,458,000 6,483,000 6,483,000 6,458,000 6,483,000
Capital in Excess of Par Value          
Beginning Balance $ 242,039 $ 234,443   $ 239,062 $ 230,782
Stock awards and options exercised       66  
Supplemental executive retirement plan 33 45   89 127
Stock-based compensation expense 1,239 1,950   4,094 5,529
Ending Balance 243,311 236,438 $ 234,443 243,311 236,438
Retained Earnings          
Beginning Balance 461,382 456,279   470,317 476,752
Net income attributable to Movado Group, Inc. 5,050 17,389   11,662 34,566
Dividends (7,772) (7,749)   (23,319) (45,399)
Ending Balance 458,660 465,919 456,279 458,660 465,919
Accumulated Other Comprehensive Income          
Beginning Balance 87,838 91,810   92,335 81,295
Net unrealized gain (loss) on investments, net of tax (benefit) provision 4 (9)   24 (38)
Net change in effective portion of hedging contracts, net of tax (benefit) provision 202 (23)   174 169
Amortization of prior service cost, net of tax provision 13 15   37 45
Foreign currency translation adjustment [1] 2,266 (10,066)   (2,247) 256
Ending Balance 90,323 81,727 91,810 90,323 81,727
Treasury Stock          
Beginning Balance (287,499) (282,101)   (285,270) (281,576)
Stock awards and options exercised (26) 19   (1,169) (73)
Stock repurchases (1,542) (1,916)   (2,628) (2,349)
Ending Balance (289,067) (283,998) (282,101) (289,067) (283,998)
Noncontrolling Interest          
Beginning Balance 2,459 3,114   2,159 2,938
Net income attributable to Movado Group, Inc. 383 281   695 568
Distribution of noncontrolling interest earnings   (780)     (780)
Foreign currency translation adjustment [1] (1) (136)   (13) (247)
Ending Balance $ 2,841 $ 2,479 $ 3,114 $ 2,841 $ 2,479
[1] The currency translation adjustment is not adjusted for income taxes to the extent that it relates to permanent investments of earnings in international subsidiaries.
[2] Each share of common stock is entitled to one vote per share on all matters submitted to a vote of the shareholders.
[3] Each share of class A common stock is entitled to 10 votes per share on all matters submitted to a vote of the shareholders. Each holder of class A common stock is entitled to convert, at any time, any and all of such shares into the same number of shares of common stock. Each share of class A common stock is converted automatically into common stock in the event that the beneficial or record ownership of such shares of class A common stock is transferred to any person, except to certain family members or affiliated persons deemed “permitted transferees” pursuant to the Company’s Restated Certificate of Incorporation, as amended. The class A common stock is not publicly traded, and consequently, there is currently no established public trading market for these shares.