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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Common Stock Class Undefined
Class A Common Stock
Common Stock
Common Stock Class Undefined
Common Stock
Class A Common Stock
Capital in Excess of Par Value
Retained Earnings
Accumulated Other Comprehensive Income
Treasury Stock
Noncontrolling Interests
Redeemable Noncontrolling Interests
Beginning Balance at Jan. 31, 2022 $ 473,378     $ 286 $ 65 $ 222,615 $ 412,190 $ 85,295 $ (249,040) $ 1,967 $ 2,311
Beginning Balance , Shares at Jan. 31, 2022       28,633,000 [1] 6,525,000 [2]            
Net income/(loss) attributable to Movado Group, Inc. 92,425           90,383     2,042 453
Dividends (31,363)           (31,363)        
Distribution of noncontrolling interest earnings (1,056)                 (1,056)  
Stock awards and options exercised 489     $ 2   1,610     (1,123)    
Stock awards and options exercised,Shares [1]       172,000              
Stock repurchases (31,413)               (31,413)    
Supplemental executive retirement plan 123         123          
Supplemental executive retirement plan, Shares [1]       2,000              
Stock-based compensation expense 5,726         5,726          
Net unrealized gain on investments, net of tax provision (benefit) 10             10      
Net change in effective portion of hedging contracts, net of tax provision (benefit) (365)             (365)      
Amortization of prior service cost, net of tax provision 56             56      
Net actuarial (loss)/gain arising during period, net of tax (benefit)/provision (1,981)             (1,981)      
Joint venture incremental share purchase 778         708   70     (2,664)
Foreign currency translation adjustment [3] (1,805)             (1,790)   (15) $ (100)
Ending Balance at Jan. 31, 2023 505,002     $ 288 $ 65 230,782 471,210 81,295 (281,576) 2,938  
Ending Balance ,Shares at Jan. 31, 2023   28,806,511 6,524,805 28,807,000 [1] 6,525,000 [2]            
Net income/(loss) attributable to Movado Group, Inc.             9,754        
Ending Balance at Apr. 30, 2023 489,997           451,063        
Ending Balance ,Shares at Apr. 30, 2023   28,824,156 6,524,805                
Ending Balance at Apr. 30, 2023 0                    
Beginning Balance at Jan. 31, 2023 505,002     $ 288 $ 65 230,782 471,210 81,295 (281,576) 2,938  
Beginning Balance , Shares at Jan. 31, 2023   28,806,511 6,524,805 28,807,000 [1] 6,525,000 [2]            
Net income/(loss) attributable to Movado Group, Inc.             16,292        
Ending Balance at Jul. 31, 2023 497,471           449,852        
Ending Balance ,Shares at Jul. 31, 2023   28,876,211 6,483,116                
Ending Balance at Jul. 31, 2023 0                    
Beginning Balance at Jan. 31, 2023 505,002     $ 288 $ 65 230,782 471,210 81,295 (281,576) 2,938  
Beginning Balance , Shares at Jan. 31, 2023   28,806,511 6,524,805 28,807,000 [1] 6,525,000 [2]            
Net income/(loss) attributable to Movado Group, Inc.             31,508        
Ending Balance at Oct. 31, 2023 494,318           457,319        
Ending Balance ,Shares at Oct. 31, 2023   28,879,497 6,483,116                
Ending Balance at Oct. 31, 2023 0                    
Beginning Balance at Jan. 31, 2023 505,002     $ 288 $ 65 230,782 471,210 81,295 (281,576) 2,938  
Beginning Balance , Shares at Jan. 31, 2023   28,806,511 6,524,805 28,807,000 [1] 6,525,000 [2]            
Net income/(loss) attributable to Movado Group, Inc. 42,175           41,345     830  
Dividends (53,146)           (53,146)        
Distribution of noncontrolling interest earnings (1,431)                 (1,431)  
Stock awards and options exercised 96     $ 1   673     (578)    
Stock awards and options exercised,Shares [1]       153,000              
Stock repurchases (3,116)               (3,116)    
Conversion of Class A Common Stock to Common Stock ,Share       42,000 [1] (42,000) [2]            
Conversion of Class A Common Stock to Common Stock       $ 1 $ (1)            
Supplemental executive retirement plan 165         165          
Supplemental executive retirement plan, Shares [1]       2,000              
Stock-based compensation expense 7,442         7,442          
Net unrealized gain on investments, net of tax provision (benefit) (13)             (13)      
Net change in effective portion of hedging contracts, net of tax provision (benefit) 214             214      
Amortization of prior service cost, net of tax provision 60             60      
Net actuarial (loss)/gain arising during period, net of tax (benefit)/provision (56)             (56)      
Foreign currency translation adjustment [3] 10,657             10,835   (178)  
Ending Balance at Jan. 31, 2024 508,049     $ 290 $ 64 239,062 459,409 92,335 (285,270) 2,159  
Ending Balance ,Shares at Jan. 31, 2024   29,004,001 6,483,116 29,004,000 [1] 6,483,000 [2]            
Ending Balance at Jan. 31, 2024 0                    
Beginning Balance at Apr. 30, 2023 489,997           451,063        
Beginning Balance , Shares at Apr. 30, 2023   28,824,156 6,524,805                
Beginning Balance at Apr. 30, 2023 0                    
Net income/(loss) attributable to Movado Group, Inc.             6,538        
Ending Balance at Jul. 31, 2023 497,471           449,852        
Ending Balance ,Shares at Jul. 31, 2023   28,876,211 6,483,116                
Ending Balance at Jul. 31, 2023 0                    
Net income/(loss) attributable to Movado Group, Inc.             15,216        
Ending Balance at Oct. 31, 2023 494,318           457,319        
Ending Balance ,Shares at Oct. 31, 2023   28,879,497 6,483,116                
Ending Balance at Oct. 31, 2023 0                    
Beginning Balance at Jan. 31, 2024 508,049     $ 290 $ 64 239,062 459,409 92,335 (285,270) 2,159  
Beginning Balance , Shares at Jan. 31, 2024   29,004,001 6,483,116 29,004,000 [1] 6,483,000 [2]            
Beginning Balance at Jan. 31, 2024 0                    
Net income/(loss) attributable to Movado Group, Inc.             2,015     124  
Foreign currency translation adjustment               (10,331)   (23)  
Ending Balance at Apr. 30, 2024 491,856           453,651 82,081   2,260  
Ending Balance ,Shares at Apr. 30, 2024   29,131,595 6,483,116                
Ending Balance at Apr. 30, 2024 0                    
Beginning Balance at Jan. 31, 2024 508,049     $ 290 $ 64 239,062 459,409 92,335 (285,270) 2,159  
Beginning Balance , Shares at Jan. 31, 2024   29,004,001 6,483,116 29,004,000 [1] 6,483,000 [2]            
Beginning Balance at Jan. 31, 2024 0                    
Net income/(loss) attributable to Movado Group, Inc.             5,484     221  
Foreign currency translation adjustment               (4,549)   (12)  
Ending Balance at Jul. 31, 2024 494,412           449,346 87,802   2,368  
Ending Balance ,Shares at Jul. 31, 2024   29,169,952 6,458,376                
Ending Balance at Jul. 31, 2024 0                    
Beginning Balance at Jan. 31, 2024 508,049     $ 290 $ 64 239,062 459,409 92,335 (285,270) 2,159  
Beginning Balance , Shares at Jan. 31, 2024   29,004,001 6,483,116 29,004,000 [1] 6,483,000 [2]            
Beginning Balance at Jan. 31, 2024 0                    
Net income/(loss) attributable to Movado Group, Inc.             10,311     440  
Foreign currency translation adjustment               (2,308)   (12)  
Ending Balance at Oct. 31, 2024 493,850           446,401 90,262   2,587  
Ending Balance ,Shares at Oct. 31, 2024   29,174,709 6,458,376                
Ending Balance at Oct. 31, 2024 0                    
Beginning Balance at Jan. 31, 2024 508,049     $ 290 $ 64 239,062 459,409 92,335 (285,270) 2,159  
Beginning Balance , Shares at Jan. 31, 2024   29,004,001 6,483,116 29,004,000 [1] 6,483,000 [2]            
Beginning Balance at Jan. 31, 2024 0                    
Net income/(loss) attributable to Movado Group, Inc. 19,209           18,364     845  
Dividends (31,069)           (31,069)        
Distribution of noncontrolling interest earnings (604)                 (604)  
Stock awards and options exercised (1,101)     $ 2   66     (1,169)    
Stock awards and options exercised,Shares [1]       145,000              
Stock repurchases (2,628)               (2,628)    
Conversion of Class A Common Stock to Common Stock ,Share       25,000 [1] (25,000) [2]            
Supplemental executive retirement plan 119         119          
Supplemental executive retirement plan, Shares [1]       4,000              
Stock-based compensation expense 4,108         4,108          
Net unrealized gain on investments, net of tax provision (benefit) 46             46      
Net change in effective portion of hedging contracts, net of tax provision (benefit) (43)             (43)      
Amortization of prior service cost, net of tax provision 49             49      
Net actuarial (loss)/gain arising during period, net of tax (benefit)/provision (85)             (85)      
Foreign currency translation adjustment [3] (12,471)             (12,321)   (150)  
Ending Balance at Jan. 31, 2025 483,579     $ 292 $ 64 $ 243,355 446,704 79,981 $ (289,067) 2,250  
Ending Balance ,Shares at Jan. 31, 2025   29,178,287 6,458,376 29,178,000 [1] 6,458,000 [2]            
Beginning Balance at Apr. 30, 2024 491,856           453,651 82,081   2,260  
Beginning Balance , Shares at Apr. 30, 2024   29,131,595 6,483,116                
Beginning Balance at Apr. 30, 2024 0                    
Net income/(loss) attributable to Movado Group, Inc.             3,469     97  
Foreign currency translation adjustment               5,782   11  
Ending Balance at Jul. 31, 2024 494,412           449,346 87,802   2,368  
Ending Balance ,Shares at Jul. 31, 2024   29,169,952 6,458,376                
Ending Balance at Jul. 31, 2024 0                    
Net income/(loss) attributable to Movado Group, Inc.             4,827     219  
Foreign currency translation adjustment               2,241   0  
Ending Balance at Oct. 31, 2024 493,850           $ 446,401 $ 90,262   $ 2,587  
Ending Balance ,Shares at Oct. 31, 2024   29,174,709 6,458,376                
Ending Balance at Oct. 31, 2024 $ 0                    
[1] Each share of common stock is entitled to one vote per share on all matters submitted to a vote of the shareholders.
[2] 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.
[3] The currency translation adjustment is not adjusted for income taxes to the extent that it relates to permanent investments of earnings in international subsidiaries.