XML 108 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jan. 31, 2015
Jan. 31, 2014
Current assets:    
Cash and cash equivalents $ 199,852us-gaap_CashAndCashEquivalentsAtCarryingValue $ 157,659us-gaap_CashAndCashEquivalentsAtCarryingValue
Short-term investments   33,099us-gaap_ShortTermInvestments
Trade receivables 74,106us-gaap_AccountsReceivableNetCurrent 68,683us-gaap_AccountsReceivableNetCurrent
Inventories 170,788us-gaap_InventoryNet 181,305us-gaap_InventoryNet
Other current assets 40,532us-gaap_OtherAssetsCurrent 44,564us-gaap_OtherAssetsCurrent
Total current assets 485,278us-gaap_AssetsCurrent 485,310us-gaap_AssetsCurrent
Property, plant and equipment, net 46,673us-gaap_PropertyPlantAndEquipmentNet 47,796us-gaap_PropertyPlantAndEquipmentNet
Deferred income taxes 13,550us-gaap_DeferredTaxAssetsNetNoncurrent 14,891us-gaap_DeferredTaxAssetsNetNoncurrent
Other non-current assets 37,522us-gaap_OtherAssetsNoncurrent 30,613us-gaap_OtherAssetsNoncurrent
Total assets 583,023us-gaap_Assets 578,610us-gaap_Assets
Current liabilities:    
Accounts payable 27,767us-gaap_AccountsPayableCurrent 33,598us-gaap_AccountsPayableCurrent
Accrued liabilities 25,921us-gaap_AccruedLiabilitiesCurrent 29,118us-gaap_AccruedLiabilitiesCurrent
Accrued payroll and benefits 5,012us-gaap_EmployeeRelatedLiabilitiesCurrent 14,455us-gaap_EmployeeRelatedLiabilitiesCurrent
Deferred and current income taxes payable 7,372mov_DeferredAndCurrentIncomeTaxesPayable 6,422mov_DeferredAndCurrentIncomeTaxesPayable
Total current liabilities 66,072us-gaap_LiabilitiesCurrent 83,593us-gaap_LiabilitiesCurrent
Deferred and non-current income taxes payable 3,470us-gaap_DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent 3,518us-gaap_DeferredIncomeTaxesAndOtherTaxLiabilitiesNoncurrent
Other non-current liabilities 29,196us-gaap_OtherLiabilitiesNoncurrent 25,509us-gaap_OtherLiabilitiesNoncurrent
Total liabilities 98,738us-gaap_Liabilities 112,620us-gaap_Liabilities
Commitments and contingencies (Note 9)      
Equity:    
Preferred Stock, $0.01 par value, 5,000,000 shares authorized; no shares issued      
Capital in excess of par value 174,826us-gaap_AdditionalPaidInCapitalCommonStock 165,342us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings 358,006us-gaap_RetainedEarningsAccumulatedDeficit 316,334us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive income 98,854us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax 103,702us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Treasury Stock, 8,784,497 and 7,945,419 shares, respectively, at cost (149,811)us-gaap_TreasuryStockValue (122,406)us-gaap_TreasuryStockValue
Total Movado Group, Inc. shareholders' equity 482,209us-gaap_StockholdersEquity 463,304us-gaap_StockholdersEquity
Noncontrolling interests 2,076us-gaap_MinorityInterest 2,686us-gaap_MinorityInterest
Total equity 484,285us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 465,990us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilities and equity 583,023us-gaap_LiabilitiesAndStockholdersEquity 578,610us-gaap_LiabilitiesAndStockholdersEquity
Common Stock Class Undefined    
Equity:    
Common Stock 268us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= mov_CommonStockClassUndefinedMember
266us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= mov_CommonStockClassUndefinedMember
Total equity 268us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementClassOfStockAxis
= mov_CommonStockClassUndefinedMember
[1] 266us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementClassOfStockAxis
= mov_CommonStockClassUndefinedMember
[1]
Class A Common Stock    
Equity:    
Common Stock 66us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
66us-gaap_CommonStockValue
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
Total equity $ 66us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
[2] $ 66us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
/ us-gaap_StatementClassOfStockAxis
= us-gaap_CommonClassAMember
[2]
[1] Each share of common stock is entitled to one vote per share.
[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.