XML 45 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 31, 2015
Jul. 31, 2014
Jul. 31, 2015
Jul. 31, 2014
Income Statement [Abstract]        
Net sales $ 145,569 $ 143,591 $ 266,030 $ 264,512
Cost of sales 66,531 65,985 124,543 121,755
Gross profit 79,038 77,606 141,487 142,757
Selling, general, and administrative 60,804 60,438 116,378 114,668
Operating income 18,234 17,168 25,109 28,089
Interest expense (256) (100) (408) (194)
Interest income 35 11 88 46
Income before income taxes 18,013 17,079 24,789 27,941
Provision for income taxes (Note 8) 6,080 4,909 9,216 8,342
Net income 11,933 12,170 15,573 19,599
Less: Net (loss) / income attributed to noncontrolling interests (120) 19 (101) 83
Net income attributed to Movado Group, Inc. $ 12,053 $ 12,151 $ 15,674 $ 19,516
Basic income per share:        
Weighted basic average shares outstanding 23,644 25,384 23,956 25,355
Net income per share attributed to Movado Group, Inc. $ 0.51 $ 0.48 $ 0.65 $ 0.77
Diluted income per share:        
Weighted diluted average shares outstanding 23,904 25,674 24,230 25,685
Net income per share attributed to Movado Group, Inc. $ 0.50 $ 0.47 $ 0.65 $ 0.76
Dividends declared per share $ 0.11 $ 0.10 $ 0.22 $ 0.20