Segment Information

6 Months Ended

Jul. 31, 2012

Segment Information [Abstract]

SEGMENT INFORMATION

NOTE 4 – SEGMENT INFORMATION

The Company follows accounting guidance related to disclosures about segments of an enterprise and related information. This guidance requires disclosure of segment data based on how management makes decisions about allocating resources to segments and measuring their performance.

The Company conducts its business primarily in two operating segments: Wholesale and Retail. The Company’s Wholesale segment includes the designing, manufacturing and distribution of quality watches, in addition to revenue generated from after sales service activities and shipping. The Retail segment includes the Company’s outlet stores and, until February 14, 2012, also included the Movado brand flagship store located at Rockefeller Center in New York City. Effective February 14, 2012 the Rockefeller Center store closed, as the Company was not able to renew its lease.

The Company divides its business into two major geographic locations: United States operations, and International, which includes the results of all other Company operations. The allocation of geographic revenue is based upon the location of the customer. The Company’s international operations are principally conducted in Europe, Asia, Canada, the Middle East, South America and the Caribbean. The Company’s international assets are substantially located in Switzerland.

Operating Segment Data for the Three Months Ended July 31, 2012 and 2011 (in thousands):

	Net Sales				Operating Income
	2012		2011		2012		2011
Wholesale	$	104,460	$	99,321	$	7,786	$	2,730
Retail		13,567		13,910		2,963		2,284
Consolidated total	$	118,027	$	113,231	$	10,749	$	5,014

Operating Segment Data for the Six Months Ended July 31, 2012 and 2011 (in thousands):

	Net Sales				Operating Income
	2012		2011		2012		2011
Wholesale	$	197,972	$	179,330	$	14,909	$	3,705
Retail		23,710		23,755		4,328		2,889
Consolidated total	$	221,682	$	203,085	$	19,237	$	6,594

	Total Assets
	July 31, 2012		January 31, 2012		July  31, 2011
Wholesale	$	461,363	$	487,828	$	475,979
Retail		18,111		18,215		19,994
Consolidated total	$	479,474	$	506,043	$	495,973

Geographic Segment Data for the Three Months Ended July 31, 2012 and 2011 (in thousands):

	Net Sales				Operating (Loss) / Income
	2012		2011		2012			2011
United States	$	59,887	$	54,874	($	2,451	)	($	4,774	)
International		58,140		58,357		13,200			9,788
Consolidated total	$	118,027	$	113,231	$	10,749		$	5,014

United States and International net sales are net of intercompany sales of $63.2 million and $47.9 million for the three months ended July 31, 2012 and 2011, respectively.

Geographic Segment Data for the Six Months Ended July 31, 2012 and 2011 (in thousands):

	Net Sales				Operating (Loss) / Income
	2012		2011		2012			2011
United States	$	110,801	$	100,096	($	7,502	)	($	8,651	)
International		110,881		102,989		26,739			15,245
Consolidated total	$	221,682	$	203,085	$	19,237		$	6,594

United States and International net sales are net of intercompany sales of $118.3 million and $90.6 million for the six months ended July 31, 2012 and 2011, respectively.

	Total Assets
	July 31, 2012		January 31, 2012		July  31, 2011
United States	$	196,256	$	213,363	$	185,174
International		283,218		292,680		310,799
Consolidated total	$	479,474	$	506,043	$	495,973

	Long-Lived Assets
	July 31, 2012		January 31, 2012		July  31, 2011
United States	$	26,477	$	28,476	$	29,076
International		5,856		7,814		8,232
Consolidated total	$	32,333	$	36,290	$	37,308