Valuation and Qualifying Accounts

12 Months Ended

Jan. 31, 2015

Valuation And Qualifying Accounts [Abstract]

Valuation and Qualifying Accounts

Schedule II

MOVADO GROUP, INC.

VALUATION AND QUALIFYING ACCOUNTS

(In thousands)

Description	Balance at beginning of year		Net provision charged to operations		Currency revaluation			Net write-offs			Balance at end of year
Year ended January 31, 2015:
Doubtful accounts	$	3,315	$	1,188	$	(132)		$	(1,124	)	$	3,247
Returns		16,323		25,194		(87	)		(32,694	)		8,736
Other sales allowances		3,462		6,372		(105)			(4,661	)		5,068
Total	$	23,100	$	32,754	$	(324)		$	(38,479	)	$	17,051
Year ended January 31, 2014:
Doubtful accounts	$	4,356	$	612	$	(27)		$	(1,626	)	$	3,315
Returns (1) *		7,448		35,515		(63	)		(26,577	)		16,323
Other sales allowances		8,205		5,189		(52)			(9,880	)		3,462
Total	$	20,009	$	41,316	$	(142)		$	(38,083	)	$	23,100
Year ended January 31, 2013:
Doubtful accounts	$	7,741	$	—	$	46		$	(3,431	)	$	4,356
Returns *		8,353		26,130		(15	)		(27,020	)		7,448
Other sales allowances (2)		2,664		10,223		28			(4,710	)		8,205
Total	$	18,758	$	36,353	$	59		$	(35,161	)	$	20,009

(1) In fiscal 2014, net provision and the ending balance for returns includes a $7.8 million sales reserve, for anticipated returns in fiscal 2015 which resulted from the Company’s decision to reduce the presence of ESQ Movado while expanding the Movado brand offering in certain retail doors.

(2) In fiscal 2013, net provision and the ending balance for other allowances includes a sales allowance of $4.9 million related to the repositioning of the Coach watch.

*   Certain reclassifications were made to conform to the fiscal 2015 presentation.

Description	Balance at beginning of year		Net provision charged to operations		Currency revaluation			Adjustments			Balance at end of year
Year ended January 31, 2015:
Deferred tax asset valuation (1)	$	7,798	$	—	$	(801	)	$	1,310		$	8,307
Year ended January 31, 2014:
Deferred tax asset valuation (2)	$	11,491	$	—	$	(201	)	$	(3,492	)	$	7,798
Year ended January 31, 2013:
Deferred tax asset valuation (3)	$	32,856	$	—	$	(375	)	$	(20,990	)	$	11,491

(1)The detail of adjustments is as follows:			(2)The detail of adjustments is as follows:
Prior year adjustments and tax rate changes	$	29	Prior year adjustments and tax rate changes	$	238
P&L adjustments		1,281	Reversal due to merger / liquidations		(2,302	)
	$	1,310	P&L adjustments		(1,428	)
				$	(3,492	)

(3)The detail of adjustments is as follows:
Expired tax losses	$	(208	)
Prior year adjustments and tax rate changes		(23	)
OCI Adjustments		(942	)
P&L Adjustments		(19,817	)
	$	(20,990	)