XML 14 R2.htm IDEA: XBRL DOCUMENT v3.4.0.3
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Apr. 30, 2016
Jan. 31, 2016
Apr. 30, 2015
Current assets:      
Cash and cash equivalents $ 203,909 $ 228,188 $ 185,828
Trade receivables, net 75,771 71,030 73,472
Inventories 178,388 162,465 183,904
Other current assets 36,472 27,352 37,705
Total current assets 494,540 489,035 480,909
Property, plant and equipment, net 37,247 38,553 44,354
Deferred and non-current income taxes 20,697 20,323 19,791
Other non-current assets 41,578 37,259 39,483
Total assets 594,062 585,170 584,537
Current liabilities:      
Loans payable to bank, current   5,000 25,000
Accounts payable 27,677 27,308 25,647
Accrued liabilities 37,191 39,617 37,899
Income taxes payable 893 6,257 1,130
Total current liabilities 65,761 78,182 89,676
Loans payable to bank 35,000 35,000  
Deferred and non-current income taxes payable 3,008 2,640 3,727
Other non-current liabilities 30,875 28,201 30,484
Total liabilities $ 134,644 $ 144,023 $ 123,887
Commitments and contingencies (Note 8)
Equity:      
Preferred Stock, $0.01 par value, 5,000,000 shares authorized; no shares issued
Capital in excess of par value $ 180,562 $ 178,118 $ 176,524
Retained earnings 393,113 392,788 358,992
Accumulated other comprehensive income 86,171 68,505 95,221
Treasury Stock, 10,742,285, 10,664,512 and 9,662,176 shares, respectively, at cost (201,397) (199,195) (172,515)
Total Movado Group, Inc. shareholders' equity 458,786 440,552 458,557
Noncontrolling interests 632 595 2,093
Total equity 459,418 441,147 460,650
Total liabilities and equity 594,062 585,170 584,537
Common Stock Class Undefined      
Equity:      
Common Stock 271 270 269
Total equity [1] 271 270 269
Class A Common Stock      
Equity:      
Common Stock 66 66 66
Total equity [2] $ 66 $ 66 $ 66
[1] Each share of common stock is entitled to one vote per share on all matters submitted to a vote of the shareholders.
[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.