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CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2015
Jan. 31, 2015
Jul. 31, 2014
Current assets:      
Cash and cash equivalents $ 188,012 $ 199,852 $ 169,649
Trade receivables 80,818 74,106 91,214
Inventories 188,515 170,788 195,331
Other current assets 37,962 40,532 41,018
Total current assets 495,307 485,278 497,212
Property, plant and equipment, net 42,723 46,673 46,141
Deferred income taxes 13,625 13,550 14,604
Other non-current assets 38,356 37,522 33,486
Total assets 590,011 583,023 591,443
Current liabilities:      
Accounts payable 31,687 27,767 37,604
Accrued liabilities 38,182 30,933 40,334
Deferred and current income taxes payable 1,703 7,372 4,819
Total current liabilities 71,572 66,072 82,757
Loans payable to bank 40,000    
Deferred and non-current income taxes payable 3,002 3,470 3,360
Other non-current liabilities 30,353 29,196 28,063
Total liabilities $ 144,927 $ 98,738 $ 114,180
Commitments and contingencies (Note 7)      
Equity:      
Preferred Stock, $0.01 par value, 5,000,000 shares authorized; no shares issued      
Capital in excess of par value $ 178,251 $ 174,826 $ 171,424
Retained earnings 368,441 358,006 330,791
Accumulated other comprehensive income 85,544 98,854 103,075
Treasury Stock, 10,278,463, 8,784,497 and 8,143,597 shares, respectively, at cost (189,576) (149,811) (131,112)
Total Movado Group, Inc. shareholders' equity 442,995 482,209 474,512
Noncontrolling interests 2,089 2,076 2,751
Total equity 445,084 484,285 477,263
Total liabilities and equity 590,011 583,023 591,443
Common Stock Class Undefined      
Equity:      
Common Stock 269 268 268
Class A Common Stock      
Equity:      
Common Stock 66 66 66
Total equity [1] $ 66 $ 66 $ 66
[1] 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.