EX-21.1

Exhibit 21.1

Subsidiaries of the Registrant

Canada:

Movado Group of Canada Inc.

China:

MGI Luxury Trading (Shanghai) Co., Ltd.

Delaware:

Movado Group Delaware Holdings Corporation

Movado LLC

England:

MGS Distribution Ltd.

France:

Movado Group France S.A.S.

Germany:

Movado Deutschland G.m.b.H.

Concord Deutschland G.m.b.H.

MGI Luxury Group G.m.b.H.

Movado Group Deutschland G.m.b.H.

Hong Kong:

MGI Luxury Asia Pacific Ltd.

SwissAm Products Ltd.

Malaysia:

MGI Luxury Malaysia Sdn. Bhd.

Mexico:

MGI Distribución, S de R.L. de C.V.

Netherlands:

MGI Luxury Group B.V.

Movado Group Nederland B.V.

New Jersey:

Movado Retail Group, Inc.

Singapore:

MGI Luxury Singapore Pte. Ltd.

Switzerland:

Movado Watch Company, S.A.

MGI Luxury Group, S.A.

Concord Watch Company, S.A.

Ebel Watches S.A.

EX-23.1

Exhibit 23.1

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

We hereby consent to the incorporation by reference in the Registration Statements on Form S-8 (Nos.333-204481, 333-204480, 333-181017, 333-181015, 333-13927, 333-80789, 333-90004 and 333-137573) of Movado Group, Inc. of our report dated March 20, 2017 relating to the financial statements, financial statement schedule and the effectiveness of internal control over financial reporting, which appears in this Form 10-K.

/s/ PricewaterhouseCoopers LLP

New York, NY 

March 20, 2017

EX-31.1

Exhibit 31.1

CERTIFICATIONS

I, Efraim Grinberg, certify that:

1) I have reviewed this annual report on Form 10-K of Movado Group, Inc.;

2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3) Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4) The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5) The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: March 20, 2017	/s/ Efraim Grinberg
	Efraim Grinberg
	Chairman of the Board of Directors and Chief Executive Officer

EX-31.2

Exhibit 31.2

CERTIFICATIONS

I, Sallie A. DeMarsilis, certify that:

1) I have reviewed this annual report on Form 10-K of Movado Group, Inc.;

2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3) Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4) The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5) The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: March 20, 2017	/s/ Sallie A. DeMarsilis
	Sallie A. DeMarsilis
	Senior Vice President,
	Chief Financial Officer and Principal Accounting Officer

EX-32.1

Exhibit 32.1

CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the annual report on Form 10-K of Movado Group, Inc. (the “Company”) for the year ended January 31, 2017, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned hereby certifies, in the capacity indicated below and pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(i)       The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(ii)      The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date:  March 20, 2017	/s/ Efraim Grinberg
	Efraim Grinberg
	Chairman of the Board of Directors and Chief Executive Officer

EX-32.2

Exhibit 32.2

CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the annual report on Form 10-K of Movado Group, Inc. (the “Company”) for the year ended January 31, 2017, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), the undersigned hereby certifies, in the capacity indicated below and pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(i)       The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

(ii)      The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

Date:  March 20, 2017	/s/  Sallie A. DeMarsilis
	Sallie A. DeMarsilis
	Senior Vice President,
	Chief Financial Officer and Principal Accounting Officer

XML

Document and Entity Information - USD ($)	12 Months Ended
	Jan. 31, 2017	Mar. 14, 2017	Jul. 31, 2016
Document Type	10-K
Amendment Flag	false
Entity Filer Category	Accelerated Filer
Document Period End Date	Jan. 31, 2017
Document Fiscal Year Focus	2017
Document Fiscal Period Focus	FY
Trading Symbol	MOV
Entity Registrant Name	MOVADO GROUP INC
Entity Central Index Key	0000072573
Current Fiscal Year End Date	--01-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Public Float			$ 350,678,000
Common Stock Class Undefined
Entity Common Stock, Shares Outstanding		16,307,335
Class A Common Stock
Entity Common Stock, Shares Outstanding		6,644,105

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands		12 Months Ended
		Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Income Statement [Abstract]
Net sales	[1]	$ 552,752	$ 594,923	$ 586,980
Cost of sales		257,935	277,993	276,998
Gross profit		294,817	316,930	309,982
Selling, general, and administrative		240,836	246,823	238,495
Operating income	[2],[3],[4],[5]	53,981	70,107	71,487
Other expense (Note 6)		(1,282)
Interest expense		(1,464)	(1,109)	(489)
Interest income		219	127	166
Income before income taxes		51,454	69,125	71,164
Provision for income taxes (Note 7)		16,315	23,360	19,264
Net income		35,139	45,765	51,900
Less: Net income attributed to noncontrolling interests		78	671	124
Net income attributed to Movado Group, Inc.		$ 35,061	$ 45,094	$ 51,776
Basic income per share:
Weighted basic average shares outstanding		23,070	23,525	25,276
Net income per share attributed to Movado Group, Inc.		$ 1.52	$ 1.92	$ 2.05
Diluted income per share:
Weighted diluted average shares outstanding		23,267	23,774	25,581
Net income per share attributed to Movado Group, Inc.		$ 1.51	$ 1.90	$ 2.02
Dividends paid per share		$ 0.52	$ 0.44	$ 0.40

[1] The United States and International net sales are net of intercompany sales of $289.2 million, $309.1 million and $305.1 million for the fiscal years ended January 31, 2017, 2016 and 2015, respectively.

[2] Fiscal 2016 Wholesale and United States and International operating income included a $4.0 million charge as a result of actions taken by the Company in fiscal 2016 to achieve greater operating efficiencies and streamline its operations.

[3] Fiscal 2017 Wholesale and United States operating income included a pre-tax charge of $1.8 million, as a result of the immediate vesting of stock awards and certain other compensation related to the announcement of the retirement of Rick Coté, the Company’s former Vice Chairman and Chief Operating Officer, in fiscal 2017.

[4] The International operating income included $40.0 million, $44.5 million and $47.1 million of certain intercompany profits related to the Company’s supply chain operations for the fiscal years ended January 31, 2017, 2016 and 2015, respectively.

[5] The United States operating income included $25.5 million, $27.0 million and $19.3 million of unallocated corporate expenses for the fiscal years ended January 31, 2017, 2016 and 2015, respectively.

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands		12 Months Ended
		Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Comprehensive income, net of taxes:
Net income including noncontrolling interests		$ 35,139	$ 45,765	$ 51,900
Net unrealized gain / (loss) on investments, net of tax (benefit) of $30, $(15) and $18, respectively		8	(22)	29
Net change in effective portion of hedging contracts, net of tax (benefit) of $(10), $10 and $0, respectively		(37)	50
Gain on available-for-sale securities, net of tax benefit of $0, $0 and $50, respectively				(81)
Foreign currency translation adjustments	[1]	8,280	(30,314)	(5,211)
Comprehensive income including noncontrolling interests		43,390	15,479	46,637
Less: Comprehensive income / (loss) attributed to noncontrolling interests		54	734	(291)
Total comprehensive income attributed to Movado Group, Inc.		$ 43,336	$ 14,745	$ 46,928

[1] The currency translation adjustment is not adjusted for income taxes to the extent that it relates to permanent investments of earnings in international subsidiaries.

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (PARENTHETICAL) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Statement Of Income And Comprehensive Income [Abstract]
Net unrealized gain / (loss) on investments, tax (benefit)	$ 30	$ (15)	$ 18
Net change in effective portion of hedging contracts, tax (benefit)	(10)	10	0
Gain on available-for-sale securities, tax benefit	$ 0	$ 0	$ 50

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CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Jan. 31, 2017	Jan. 31, 2016
Current assets:
Cash and cash equivalents		$ 256,279	$ 228,188
Trade receivables, net		66,847	71,030
Inventories		153,167	162,465
Other current assets		28,487	27,352
Total current assets		504,780	489,035
Property, plant and equipment, net		34,173	38,553
Deferred and non-current income taxes		24,837	20,323
Other non-current assets		44,012	37,259
Total assets		607,802	585,170
Current liabilities:
Loans payable to bank, current		5,000	5,000
Accounts payable		27,192	27,308
Accrued liabilities		28,241	28,570
Accrued payroll and benefits		6,820	11,047
Income taxes payable		4,149	6,257
Total current liabilities		71,402	78,182
Loans payable to bank		25,000	35,000
Deferred and non-current income taxes payable		3,322	2,640
Other non-current liabilities		34,085	28,201
Total liabilities		133,809	144,023
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		185,354	178,118
Retained earnings		415,919	392,788
Accumulated other comprehensive income		76,780	68,505
Treasury Stock, 10,869,321 and 10,664,512 shares, respectively, at cost		(204,398)	(199,195)
Total Movado Group, Inc. shareholders' equity		473,993	440,552
Noncontrolling interests			595
Total equity		473,993	441,147
Total liabilities and equity		607,802	585,170
Common Stock Class Undefined
Equity:
Common Stock		272	270
Total equity	[1]	272	270
Class A Common Stock
Equity:
Common Stock		66	66
Total equity	[2]	$ 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.

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CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - $ / shares	Jan. 31, 2017	Jan. 31, 2016
Preferred Stock, par value	$ 0.01	$ 0.01
Preferred Stock, shares authorized	5,000,000	5,000,000
Preferred Stock, shares issued	0	0
Treasury Stock, shares	10,869,321	10,664,512
Common Stock Class Undefined
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	100,000,000	100,000,000
Common Stock, shares issued	27,176,656	26,962,656
Common Stock, shares outstanding	27,176,656	26,962,656
Class A Common Stock
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	30,000,000	30,000,000
Common Stock, shares issued	6,644,105	6,644,105
Common Stock, shares outstanding	6,644,105	6,644,105

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Cash flows from operating activities:
Net income including noncontrolling interests	$ 35,139	$ 45,765	$ 51,900
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	11,507	13,156	12,469
Write-down of inventories	2,757	3,108	2,514
Transactional losses / (gains)	2,041	(2,388)	2,493
Deferred income taxes	(3,753)	(1,817)	6,316
Gain on available-for-sale securities			(131)
Stock-based compensation	7,281	6,123	5,753
Excess tax expense / (benefit) from stock-based compensation	265	31	(1,270)
Impairment of long-term investment	1,282
Operating efficiency initiatives and other items		3,996
Loss on disposal of fixed assets		310
Changes in assets and liabilities:
Trade receivables	2,878	(354)	(9,334)
Inventories	7,442	(3,133)	4,523
Other current assets	512	2,808	(3,323)
Accounts payable	(401)	774	(5,357)
Accrued liabilities	244	(94)	(1,582)
Accrued payroll and benefits	(4,227)	6,035	(9,443)
Income taxes payable	(2,479)	(746)	4,300
Other non-current assets	(7,569)	1,864	(3,954)
Other non-current liabilities	5,499	(848)	3,722
Net cash provided by operating activities	58,418	74,590	59,596
Cash flows from investing activities:
Capital expenditures	(5,920)	(8,070)	(11,132)
Trademarks and other intangibles	(328)	(650)	(118)
Short-term investment	(152)
Long-term investment			(1,200)
Restricted cash deposits	(1,156)	(435)
Proceeds from short-term investment			33,736
Proceeds from available-for-sale securities			307
Net cash (used in) / provided by investing activities	(7,556)	(9,155)	21,593
Cash flows from financing activities:
Proceeds from bank borrowings	3,000	50,000
Repayments of bank borrowings	(13,000)	(10,000)
Stock options exercised and other changes	(296)	(25)	291
Excess tax (expense) / benefit from stock-based compensation	(265)	(31)	1,270
Stock repurchase	(3,864)	(48,748)	(26,382)
Purchase of incremental ownership of joint venture	(1,320)	(4,267)
Debt issuance cost		(339)	(936)
Distribution of noncontrolling interest earnings			(319)
Dividends paid	(11,930)	(10,312)	(10,104)
Net cash (used in) financing activities	(27,675)	(23,722)	(36,180)
Effect of exchange rate changes on cash and cash equivalents	4,904	(13,377)	(2,816)
Net increase in cash and cash equivalents	28,091	28,336	42,193
Cash and cash equivalents at beginning of year	228,188	199,852	157,659
Cash and cash equivalents at end of year	$ 256,279	$ 228,188	$ 199,852

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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands		Total	Common Stock Class Undefined	[1]	Class A Common Stock	[2]	Capital in Excess of Par Value	Retained Earnings	Accumulated Other Comprehensive Income	Treasury Stock	Noncontrolling Interests
Beginning Balance at Jan. 31, 2014		$ 465,990	$ 266		$ 66		$ 165,342	$ 316,334	$ 103,702	$ (122,406)	$ 2,686
Net income		51,900						51,776			124
Dividends		(10,104)						(10,104)
Stock options exercised, net of tax		1,561	2				2,967			(1,408)
Distribution of noncontrolling interest earnings		(319)									(319)
Stock repurchase		(26,382)								(26,382)
Supplemental executive retirement plan		93					93
Stock-based compensation expense		5,753					5,753
Stock donation		1,056					671			385
Net unrealized gain (loss) on investments, net of tax benefit		29							29
Gain on available-for-sale securities, net of tax benefit		(81)							(81)
Foreign currency translation adjustments	[3]	(5,211)							(4,796)		(415)
Ending Balance at Jan. 31, 2015		484,285	268		66		174,826	358,006	98,854	(149,811)	2,076
Net income		45,765						45,094			671
Dividends		(10,312)						(10,312)
Stock options exercised, net of tax		(56)	2				578			(636)
Joint venture incremental share purchase		(5,828)					(3,613)				(2,215)
Stock repurchase		(48,748)								(48,748)
Supplemental executive retirement plan		204					204
Stock-based compensation expense		6,123					6,123
Net unrealized gain (loss) on investments, net of tax benefit		(22)							(22)
Net change in effective portion of hedging contracts		50							50
Foreign currency translation adjustments	[3]	(30,314)							(30,377)		63
Ending Balance at Jan. 31, 2016		441,147	270		66		178,118	392,788	68,505	(199,195)	595
Net income		35,139						35,061			78
Dividends		(11,930)						(11,930)
Stock options exercised, net of tax		(561)	2				776			(1,339)
Joint venture incremental share purchase		(1,660)					(1,011)				(649)
Stock repurchase		(3,864)								(3,864)
Supplemental executive retirement plan		190					190
Stock-based compensation expense		7,281					7,281
Net unrealized gain (loss) on investments, net of tax benefit		8							8
Net change in effective portion of hedging contracts		(37)							(37)
Foreign currency translation adjustments	[3]	8,280							8,304		$ (24)
Ending Balance at Jan. 31, 2017		$ 473,993	$ 272		$ 66		$ 185,354	$ 415,919	$ 76,780	$ (204,398)

[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.

[3] The currency translation adjustment is not adjusted for income taxes to the extent that it relates to permanent investments of earnings in international subsidiaries.

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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (PARENTHETICAL) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Dividends per share	$ 0.52	$ 0.44	$ 0.40
Stock options exercised, tax benefit			$ 1,270
Stock options exercised, tax expense	$ 265	$ 31
Net unrealized gain (loss) on investments, tax	30	(15)	18
Net change in effective portion of hedging contracts, tax (benefit)	(10)	10	0
Gain on available-for-sale securities, tax benefit	$ 0	$ 0	$ 50
Common Stock Class Undefined
Common Stock, Voting Rights	Each share of common stock is entitled to one vote per share on all matters submitted to a vote of the shareholders.
Class A Common Stock
Common Stock, Voting Rights	Each share of class A common stock is entitled to 10 votes per share on all matters submitted to a vote of the shareholders.
Common stock, Conversion basis	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.

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Significant Accounting Policies

12 Months Ended

Jan. 31, 2017

Accounting Policies [Abstract]

Significant Accounting Policies

NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES

Organization and Business

Movado Group, Inc. (together with its subsidiaries, the “Company”) designs, sources, markets and distributes quality watches with prominent brands in almost every price category comprising the watch industry. In fiscal 2017, the Company marketed nine distinct brands of watches: Coach, Concord, Ebel, Scuderia Ferrari, HUGO BOSS, Juicy Couture, Lacoste, Movado, and Tommy Hilfiger.

Movado (with the exception of certain Movado collections, including Movado BOLD), Ebel and Concord watches are manufactured in Switzerland by independent third party assemblers and are manufactured using Swiss movements. All of the Company’s products are manufactured using components obtained from third party suppliers. Certain Movado collections of watches, including Movado BOLD, are manufactured by independent contractors in Asia using Swiss movements. Coach, Tommy Hilfiger, HUGO BOSS, Juicy Couture, Lacoste and Scuderia Ferrari watches are manufactured by independent contractors in Asia.

In addition to its sales to trade customers and independent distributors, the Company also operates retail outlet locations throughout the United States, through which it sells discontinued models and factory seconds of all of the Company’s watches.

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Intercompany transactions and balances have been eliminated.

Use of Estimates in the Preparation of Financial Statements

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. The Company uses estimates when accounting for sales discounts, returns, allowances and incentives, warranties, income taxes, depreciation, amortization, inventory write-downs, stock-based compensation, contingencies, impairments and asset and liability valuations.

Translation of Foreign Currency Financial Statements and Foreign Currency Transactions

The financial statements of the Company’s international subsidiaries have been translated into United States dollars by translating balance sheet accounts at year-end exchange rates and statement of operations accounts at average exchange rates for the year. Foreign currency transaction gains and losses are charged or credited to earnings as incurred. Foreign currency translation gains and losses are reflected in the equity section of the Company’s consolidated balance sheets in Accumulated Other Comprehensive Income. The balance of the foreign currency translation adjustment, included in Accumulated Other Comprehensive Income, was $76.6 million and $68.3 million as of January 31, 2017 and 2016, respectively.

Cash and Cash Equivalents

Cash equivalents include all highly liquid investments with original maturities at date of purchase of three months or less.

Trade Receivables

Trade receivables as shown on the consolidated balance sheets are net of various allowances. The allowance for doubtful accounts is determined through an analysis of the aging of accounts receivable, assessments of collectability based on historical trends, the financial condition of the Company’s customers and an evaluation of economic conditions. The Company writes off uncollectible trade receivables once collection efforts have been exhausted and third parties confirm the balance is not recoverable.

The Company’s trade customers include department stores, jewelry store chains and independent jewelers. All of the Company’s watch brands, except ESQ Movado, are also marketed outside the U.S. through a network of independent distributors. Accounts receivable are stated net of doubtful accounts, returns and allowances of $18.9 million (additionally $2.2 million of allowances were recorded in non-current assets), $17.7 million (additionally $1.6 million of allowances were recorded in non-current assets) and $16.6 million (additionally $0.5 million of allowances were recorded in non-current assets) at January 31, 2017, 2016 and 2015, respectively. Accounts receivable are also stated net of co-operative advertising allowances of $7.8 million, $9.8 million, and $13.2 million at January 31, 2017, 2016, and 2015, respectively. Co-operative advertising allowances are credits taken by the customer at a future date on previously executed co-operative advertising.   

The Company’s concentrations of credit risk arise primarily from accounts receivable related to trade customers during the peak selling seasons. The Company has significant accounts receivable balances due from major national chain and department stores. The Company’s results of operations could be materially adversely affected in the event any of these customers or a group of these customers defaulted on all or a significant portion of their obligations to the Company as a result of financial difficulties. As of January 31, 2017, except for those accounts provided for in the reserve for doubtful accounts, the Company knew of no situations with any of the Company’s major customers which would indicate any such customer’s inability to make its required payments.

In fiscal 2017, sales to Signet Jewelers Limited, and their respective affiliates, represented approximately 11.6% of the Company’s total net sales, and approximately 13.3% of the Company’s net sales in the Wholesale segment.  

Inventories

The Company values its inventory at the lower of cost or market. Cost is determined using the average cost method. The Company performs reviews of its on-hand inventory to determine amounts, if any, of inventory that is deemed discontinued, excess, or unsaleable. Inventory classified as discontinued, together with the related component parts which can be assembled into saleable finished goods, is sold primarily through the Company’s outlet stores. When management determines that finished product is unsaleable, could not be sold at net realizable value or that it is economically impractical to build the excess components into watches for sale, a charge is recorded to value those products and components at the lower of cost or market.

Property, Plant and Equipment

Property, plant and equipment are stated at cost less accumulated depreciation. Depreciation of buildings is provided using the straight-line method based on the useful life of 40 years. Depreciation of furniture and equipment is provided using the straight-line method based on the estimated useful lives of assets, which range from four to ten years. Computer software is amortized using the straight-line method over the useful life of five to ten years. Leasehold improvements are amortized using the straight-line method over the lesser of the term of the lease or the estimated useful life of the leasehold improvement. Design fees and tooling costs are amortized using the straight-line method based on the useful life of three years. Upon the disposition of property, plant and equipment, the accumulated depreciation is deducted from the original cost and any gain or loss is reflected in current earnings.

Intangibles

Intangible assets consist primarily of trademarks and developed technology and are recorded at cost. Trademarks and developed technology are amortized over a range from three to ten years. At January 31, 2017 and 2016, intangible assets at cost were $8.1 million and $7.9 million, respectively, and related accumulated amortization of intangibles was $6.8 million and $6.4 million, respectively. Amortization expense for fiscal 2017, 2016 and 2015 was $0.4 million, $0.3 million and $0.3 million, respectively.  

Long-Lived Assets

The Company periodically reviews the estimated useful lives of its property, plant and equipment and intangible assets based on factors including historical experience, the expected beneficial service period of the asset, the quality and durability of the asset and the Company’s maintenance policy including periodic upgrades. Changes in useful lives are made on a prospective basis unless factors indicate the carrying amounts of the assets may not be recoverable and an impairment write-down is necessary.

The Company performs an impairment review of its long-lived assets once events or changes in circumstances indicate, in management’s judgment, that the carrying value of such assets may not be recoverable. When such a determination has been made, management compares the carrying value of the asset groups with their estimated future undiscounted cash flows. If it is determined that an impairment has occurred, the loss is recognized during that period. The impairment is calculated as the difference between asset carrying values and the fair value of the long-lived assets.

Deferred Rent Obligations and Contributions from Landlords

The Company accounts for rent expense under non-cancelable operating leases with scheduled rent increases on a straight-line basis over the lease term. The excess of straight-line rent expense over scheduled payments is recorded as a deferred liability. In addition, the Company receives build out contributions from landlords primarily as an incentive for the Company to lease retail store space from the landlords. This is also recorded as a deferred liability. Such amounts are amortized as a reduction of rent expense over the life of the related lease.

Capitalized Software Costs

The Company capitalizes certain computer software costs after technological feasibility has been established. The costs are amortized utilizing the straight-line method over the economic lives of the related products ranging from two to ten years.

Derivative Financial Instruments

The Company accounts for its derivative financial instruments in accordance with the accounting guidance which requires that an entity recognize all derivatives as either assets or liabilities in the statement of financial position and measure those instruments at fair value. A significant portion of the Company’s purchases are denominated in Swiss francs. The Company also sells to third-party customers in a variety of foreign currencies, most notably the Euro and the British Pound. The Company reduces its exposure to the Swiss franc, Euro and British Pound exchange rate risks through a hedging program. Under the hedging program, the Company manages most of its foreign currency exposures on a consolidated basis, which allows it to net certain exposures and take advantage of natural offsets. In the event these exposures do not offset, the Company uses forward contracts to further reduce the net exposures to currency fluctuations. When entered into, the Company designates and documents these derivative instruments as a cash flow hedge of a specific underlying exposure, as well as the risk management objectives and strategies for undertaking the hedge transactions. Changes in the fair value of a derivative that is designated and documented as a cash flow hedge and is highly effective, are recorded in other comprehensive income until the underlying transaction affects earnings, and then are later reclassified into earnings in the same account as the hedged transaction. The earnings impact is mostly offset by the effects of currency movements on the underlying hedged transactions. The Company formally assesses, both at the inception and at each financial quarter thereafter, the effectiveness of the derivative instrument hedging the underlying forecasted cash flow transaction. The Company does not exclude any designated cash flow hedges from its effectiveness testing. Any ineffectiveness related to the derivative financial instruments’ change in fair value will be recognized as other income in the Consolidated Statements of Operations in the period in which the ineffectiveness was calculated.

The Company uses forward exchange contracts to offset its exposure to certain foreign currency receivables and liabilities. These forward contracts are not designated as qualified hedges and, therefore, changes in the fair value of these derivatives are recognized in earnings in the period they arise, thereby offsetting the current earnings effect resulting from the revaluation of the related foreign currency receivables and liabilities.

All of the Company’s derivative instruments have liquid markets to assess fair value. The Company does not enter into any derivative instruments for trading purposes.

Revenue Recognition

In the Wholesale segment, the Company recognizes its revenues upon transfer of title and risk of loss in accordance with its FOB shipping point terms of sale and after the sales price is fixed and determinable and collectability is reasonably assured. In the Retail segment, transfer of title and risk of loss occurs at the time of register receipt. The Company records estimates for sales returns, volume-based programs and sales and cash discount allowances as a reduction of revenue in the same period that the sales are recorded. These estimates are based upon historical analysis, customer agreements and/or currently known factors that arise in the normal course of business. While returns have historically been within the Company’s expectations and the provisions established, future return rates may differ from those experienced in the past. Taxes imposed by governmental authorities on the Company's revenue-producing activities with customers, such as sales taxes and value added taxes, are excluded from net sales.

During the fourth quarter of fiscal 2016, the Company announced the launch of two distinct smart watch collections with iOS and Android compatible software apps: Movado Motion and Movado’s BOLD Motion. During the first quarter of fiscal 2017, the Company announced the expansion of its use of smartwatch technology to its licensed brands portfolio, including Coach, HUGO BOSS, Lacoste, Juicy Couture, Tommy Hilfiger, and Scuderia Ferrari. Smart watches contain hardware and software components. Software components consist of both firmware embedded in the physical watch as well as an app that will run on iOS and Android mobile devices. The hardware and software components function together to deliver the watches’ essential functionality. As typical with numerous consumer products containing embedded or companion software, updates to the software will be provided from time to time, when and if available. Updates are generally limited to bug fixes or enhancements that incrementally improve on the existing functionality. Arrangements, including those that combine hardware (watch) with software that function together to deliver the watch’s essential functionality, are considered multiple element arrangements and are subject to the accounting principles applicable to such arrangements.

For multiple element arrangements that include smart watches containing software essential to the smart watch’s functionality and undelivered software elements (cloud service updates and app upgrades) that relate to the smart watch’s essential software, the Company allocates revenue to all deliverables based on their relative selling prices. In such circumstances, the accounting principles establish a hierarchy to determine the selling price to be used for allocating revenue to deliverables as follows: (i) vendor-specific objective evidence of fair value (VSOE), (ii) third-party evidence of selling price (TPE), and (iii) best estimate of the selling price (ESP). Because the Company has neither VSOE nor TPE for the software elements, revenue is allocated to these rights and services based on the Company’s ESPs. ESPs for the software elements reflect the Company’s best estimate of the selling prices if they were sold regularly on a stand-alone basis.

The Company has identified multiple deliverables contained in its smart watch collections. The first deliverable is the watch along with the software essential to the functionality of the watch delivered at the time of sale. The second deliverable is the software included free of charge that enables users to sync and view data on the Company’s mobile app. The third deliverable is the embedded right included with the purchase to receive unspecified firmware and software upgrades, when and if available. The Company allocates revenue to all deliverables using the relative selling price method. Amounts allocated to the delivered smart watch collections and the related essential software are recognized at the time of sale, provided the other conditions for revenue recognition have been met. Amounts allocated to the cloud service and app updates are deferred and recognized on a straight-line basis over the estimated two year period the updates are expected to be provided. During the fourth quarter of fiscal 2016, the Company launched its first smart watch collections, followed by additional smart watch launches during fiscal 2017. The smart watches were available in limited quantities and in limited distribution, and, as a result, these deferred amounts were immaterial as of January 31, 2017 and January 31, 2016.

Cost of Sales

Cost of sales of the Company’s products consist primarily of costs for raw materials, component costs, royalties, depreciation, amortization, assembly costs, design costs and unit overhead costs associated with the Company’s supply chain operations in Switzerland and Asia. The Company’s supply chain operations consist of logistics management of assembly operations and product sourcing in Switzerland and Asia and minor assembly in Switzerland.

Since a substantial amount of the Company’s product costs are incurred in Swiss francs, fluctuations in the U.S. dollar/Swiss franc exchange rate can impact the Company’s cost of goods sold and, therefore, its gross margins. The Company reduces its exposure to the Swiss franc exchange rate risk through a hedging program. Under the hedging program, the Company manages most of its foreign currency exposures on a consolidated basis, which allows it to net certain exposures and take advantage of natural offsets. In the event these exposures do not offset, the Company has the ability to hedge its Swiss franc purchases using a combination of forward contracts and purchased currency options.

Selling, General and Administrative (“SG&A”) Expenses

The Company’s SG&A expenses consist primarily of marketing, selling, distribution, general and administrative expenses.

Marketing expenditures are based principally on overall strategic considerations relative to maintaining or increasing market share in markets that management considers to be crucial to the Company’s continued success as well as on general economic conditions in the various markets around the world in which the Company sells its products. Marketing expenses include salaries, various forms of media advertising, digital advertising and co-operative advertising with customers and distributors and other point of sale marketing and promotion spending.

Selling expenses consist primarily of salaries, sales commissions, sales force travel and related expenses, depreciation and amortization, expenses associated with Baselworld Watch and Jewelry Show, the annual watch and jewelry trade show, and other industry trade shows and operating costs incurred in connection with the Company’s retail business. Sales commissions vary with overall sales levels. Retail selling expenses consist primarily of payroll and related expenses and store occupancy costs.

Distribution expenses consist primarily of salaries of distribution staff, rental and other occupancy costs, security, depreciation and amortization of furniture and leasehold improvements and shipping supplies.

General and administrative expenses consist primarily of salaries and other employee compensation including performance based compensation, employee benefit plan costs, office rent, management information systems costs, professional fees, bad debts, depreciation and amortization of furniture, computer software and leasehold improvements, patent and trademark expenses and various other general corporate expenses.

Warranty Costs

All watches sold by the Company come with limited warranties covering the movement against defects in material and workmanship for periods ranging from two to three years from the date of purchase, with the exception of Tommy Hilfiger watches, for which the warranty period is ten years. In addition, the warranty period is five years for the gold plating for Movado watch cases and bracelets. When changes in warranty costs are experienced, the Company will adjust the warranty liability as required. The Company records an estimate for future warranty costs based on historical repair costs. Warranty costs have historically been within the Company’s expectations and the provisions established.

Warranty liability for the fiscal years ended January 31, 2017, 2016 and 2015 was as follows (in thousands):

	2017			2016			2015
Balance, beginning of year	$	2,556		$	2,710		$	2,660
Provision charged to operations		2,092			1,630			2,710
Settlements made		(1,920	)		(1,784	)		(2,660	)
Balance, end of year	$	2,728		$	2,556		$	2,710

Pre-opening Costs

Costs associated with the opening of retail stores are expensed in the period incurred.

Marketing

The Company expenses the production costs of an advertising campaign at the commencement date of the advertising campaign. Included in marketing expenses are costs associated with co-operative advertising, media advertising, digital advertising, production costs and costs of point of sale materials and displays. These costs are recorded as SG&A expenses. The Company participates in co-operative advertising programs on a voluntary basis and receives a “separately identifiable benefit in exchange for the consideration.” Since the amount of consideration paid to the retailer does not exceed the fair value of the benefit received by the Company, these costs are recorded as SG&A expenses as opposed to being recorded as a reduction of revenue. Marketing expense for fiscal 2017, 2016 and 2015 was $75.7 million, $77.6 million and $74.9 million, respectively.

Included in other current assets in the consolidated balance sheets as of January 31, 2017 and 2016 are prepaid advertising costs of $0.5 million and $0.5 million, respectively. These prepaid costs represent advertising costs paid to licensors in advance, pursuant to the Company’s licensing agreements and sponsorships.

Shipping and Handling Costs

Amounts charged to customers for shipping and handling were $1.9 million, $2.2 million and $2.4 million for fiscal years 2017, 2016 and 2015, respectively. The costs related to shipping and handling were $5.6 million, $6.5 million and $6.3 million for fiscal years 2017, 2016 and 2015, respectively. These amounts incurred by the Company related to shipping and handling are included in net sales and cost of goods sold.

Collaborative Arrangement

The Company from time to time participates in collaborative arrangements. These types of arrangements typically involve one (or more) parties who are active participants in the collaboration and are exposed to significant risks and rewards dependent on the commercial success of the activities. These arrangements usually involve various activities by one or more parties, including design, development, distribution and marketing. Amounts due between partners in the arrangement related to sales and related activities are generally recorded in the Company’s cost of sales while general and administrative activities are recorded as an adjustment to selling, general and administrative expenses.

Income Taxes

The Company follows the asset and liability method of accounting for income taxes under which deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax laws and tax rates, in each jurisdiction where the Company operates, and applied to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities due to a change in tax rates is recognized in income in the period that includes the enactment date. In addition, the amounts of any future tax benefits are reduced by a valuation allowance to the extent such benefits are not expected to be realized on a more-likely-than-not basis. The Company calculates estimated income taxes in each of the jurisdictions in which it operates. This process involves estimating actual current tax expense along with assessing temporary differences resulting from differing treatment of items for both book and tax purposes.

The Company follows guidance for accounting for uncertainty in income taxes. This guidance clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement standard for the financial statement recognition and measurement of an income tax position taken or expected to be taken in a tax return. This guidance also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosures and transitions.

Earnings Per Share

The Company presents net income per share on a basic and diluted basis. Basic earnings per share is computed using weighted-average shares outstanding during the period. Diluted earnings per share is computed using the weighted-average number of shares outstanding adjusted for dilutive common stock equivalents.

The weighted-average number of shares outstanding for basic earnings per share were approximately 23,070,000, 23,525,000 and 25,276,000 for fiscal 2017, 2016 and 2015, respectively. For the fiscal years ended January 31, 2017, 2016 and 2015, the number of shares outstanding for diluted earnings per share were approximately 23,267,000, 23,774,000 and 25,581,000, respectively. For the fiscal years ended January 31, 2017, 2016 and 2015, the number of shares outstanding for diluted earnings per share included approximately 197,000, 249,000 and 305,000 due to potentially dilutive common stock equivalents issuable under the Company’s stock compensation plans.

For the fiscal years ended January 31, 2017, 2016 and 2015 approximately 785,000, 637,000 and 102,000, respectively, of potentially dilutive common stock equivalents were excluded from the computation of diluted earnings per share because their effect would have been antidilutive.

Stock-Based Compensation

Under the accounting guidance for share-based payments, the Company utilizes the Black-Scholes option-pricing model which requires that certain assumptions be made to calculate the fair value of each option at the grant date. The expected life of stock option grants is determined using historical data and represents the time period during which the stock option is expected to be outstanding until it is exercised. The risk free interest rate is the yield on the grant date of U.S. Treasury constant maturities with a maturity date closest to the expected life of the stock option. The expected stock price volatility is derived from historical volatility and calculated based on the estimated term structure of the stock option grant. The expected dividend yield is calculated using the Company’s historical average of annualized dividend yields and applied over the expected term of the option.

Compensation expense for equity instruments is accrued based on the estimated number of instruments for which the requisite service is expected to be rendered and expensed on a straight-line basis over the vesting term.

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Inventories

12 Months Ended

Jan. 31, 2017

Inventory Disclosure [Abstract]

Inventories

NOTE 2 – INVENTORIES

Inventories consisted of the following (in thousands):

	As of January 31,
	2017		2016
Finished goods	$	112,297	$	117,627
Component parts		38,482		41,041
Work-in-process		2,388		3,797
	$	153,167	$	162,465

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Property, Plant and Equipment

12 Months Ended

Jan. 31, 2017

Property Plant And Equipment [Abstract]

Property, Plant and Equipment

NOTE 3 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment, at cost, consisted of the following (in thousands):

	As of January 31,
	2017			2016
Land and buildings	$	1,490		$	1,574
Furniture and equipment		59,163			58,617
Computer software		32,077			31,747
Leasehold improvements		32,307			31,646
Design fees and tooling costs		1,787			1,399
		126,824			124,983
Less: accumulated depreciation		(92,651	)		(86,430	)
	$	34,173		$	38,553

Depreciation and amortization expense from operations related to property, plant and equipment for fiscal 2017, 2016 and 2015 was $11.9 million, $12.4 million and $11.9 million, respectively, which includes computer software amortization expense for fiscal 2017, 2016 and 2015 of $3.5 million, $3.5 million and $3.0 million, respectively.

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Debt and Lines of Credit

12 Months Ended

Jan. 31, 2017

Debt Disclosure [Abstract]

Debt and Lines of Credit

NOTE 4 – DEBT AND LINES OF CREDIT

On January 30, 2015, the Company, together with Movado Group Delaware Holdings Corporation, Movado Retail Group, Inc. and Movado LLC (collectively, the “Borrowers”), each a wholly-owned domestic subsidiary of the Company, entered into a Credit Agreement (the “Credit Agreement”) with the lenders party thereto and Bank of America, N.A. as administrative agent (in such capacity, the “Agent”). The Credit Agreement provides for a $100.0 million senior secured revolving credit facility (the “Facility”), including a $15.0 million letter of credit sub-facility, that matures on January 30, 2020, with provisions for uncommitted increases of up to $50.0 million in the aggregate, subject to customary terms and conditions. In connection with the Credit Agreement, the Borrowers also entered into a Security and Pledge Agreement dated as of January 30, 2015 in favor of the Agent (the “Security Agreement”).

As of January 31, 2017, $30.0 million in loans were drawn under the Facility. Additionally, approximately $0.3 million in letters of credit, which were outstanding under the Borrower’s pre-existing asset-based revolving credit facility that was concurrently terminated when the Credit Agreement became effective, are deemed to be issued and outstanding under the Facility. As of January 31, 2017, availability under the Facility was approximately $69.7 million.

Borrowings under the Facility bear interest at rates selected periodically by the Company at LIBOR plus a spread ranging from 1.25% to 1.75% per annum, based on the Company’s consolidated leverage ratio or at a base rate plus a spread ranging from 0.25% to 0.75% per annum based on the Company’s consolidated leverage ratio (as defined in the Credit Agreement). At January 31, 2017, the Company’s spreads were 1.25% over LIBOR and 0.25% over the base rate. The Company has also agreed to pay certain fees and expenses and provide certain indemnities, all of which are customary for such financings.

The borrowings under the Facility are joint and several obligations of the Borrowers and are also cross-guaranteed by each Borrower. In addition, pursuant to the Security Agreement, the Borrowers’ obligations under the Facility are secured by first priority liens, subject to permitted liens, on substantially all of the Borrowers’ assets other than certain excluded assets. The Security Agreement contains representations, warranties and covenants, which are customary for pledge and security agreements of this type, relating to the creation and perfection of security interests in favor of the Agent over various categories of the Borrowers’ assets.

The Credit Agreement contains affirmative and negative covenants binding on the Borrowers and their subsidiaries that are customary for credit facilities of this type, including, but not limited to, restrictions and limitations on the incurrence of debt and liens, dispositions of assets, capital expenditures, dividends and other payments in respect of equity interests, the making of loans and equity investments, mergers, consolidations, liquidations and dissolutions, and transactions with affiliates (in each case, subject to various exceptions).

The Borrowers are also subject to a minimum consolidated EBITDA (as defined in the Credit Agreement) test of $50.0 million, measured at the end of each fiscal quarter based on the four most recent fiscal quarters and a consolidated leverage ratio (as defined in the Credit Agreement) covenant not to exceed 2.50 to 1.00, measured as of the last day of each fiscal quarter. As of January 31, 2017, the Company was in compliance with its covenants under the Credit Agreement.

The Credit Agreement contains events of default that are customary for facilities of this type, including, but not limited to, nonpayment of principal, interest, fees and other amounts when due, failure of any representation or warranty to be true in any material respect when made or deemed made, violation of covenants, cross default with material indebtedness, material judgments, material ERISA liability, bankruptcy events, asserted or actual revocation or invalidity of the loan documents, and change of control.

As of January 31, 2017, the Company classified $5.0 million of the outstanding balance under the Facility as current based on voluntary payments estimated to be made in the next twelve months, with the remainder classified as long-term debt based on the 2020 maturity date of the Facility and the Company's intent and ability to refinance its obligations thereunder.

As of January 31, 2017, Bank of America, N.A. issued two irrevocable standby letters of credit in connection with retail and operating facility leases to various landlords and for Canadian payroll to the Royal Bank of Canada. As of January 31, 2017, the Company had outstanding letters of credit totaling $0.3 million with expiration dates through May 31, 2017.

A Swiss subsidiary of the Company maintains unsecured lines of credit with an unspecified maturity with a Swiss bank. As of January 31, 2017 and 2016, these lines of credit totaled 6.5 million Swiss francs and 5.0 million Swiss francs with a dollar equivalent of $6.6 million and $4.9 million, respectively. As of January 31, 2017 and 2016, there were no borrowings against these lines. As of January 31, 2017, two European banks have guaranteed obligations to third parties on behalf of two of the Company’s foreign subsidiaries in the dollar equivalent of $1.2 million, in various foreign currencies, of which $0.6 million is a restricted deposit as it relates to lease agreements. As of January 31, 2016, two European banks have guaranteed obligations to third parties on behalf of two of the Company’s foreign subsidiaries in the dollar equivalent of $1.0 million, of which $0.4 million is a restricted deposit as it relates to a lease agreement.

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Derivative Financial Instruments

12 Months Ended

Jan. 31, 2017

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

NOTE 5 – DERIVATIVE FINANCIAL INSTRUMENTS

As of January 31, 2017, the Company’s entire net forward contracts hedging portfolio consisted of 20.0 million Swiss francs equivalent, 5.9 million Euros equivalent and 4.8 million British Pounds equivalent with various expiry dates ranging through July 6, 2017.

The following table summarizes the fair value and presentation in the Consolidated Balance Sheets for derivatives as of January 31, 2017 and 2016 (in thousands):

	Asset Derivatives					Liability Derivatives
	Balance Sheet Location	2017 Fair Value		2016 Fair Value		Balance Sheet Location	2017 Fair Value		2016 Fair Value
Derivatives not designated as hedging instruments:
Foreign Exchange Contracts	Other Current Assets	$	145	$	1	Accrued Liabilities	$	211	$	1,163
Total Derivative Instruments		$	145	$	1		$	211	$	1,163

	Asset Derivatives					Liability Derivatives
	Balance Sheet Location	2017 Fair Value		2016 Fair Value		Balance Sheet Location	2017 Fair Value		2016 Fair Value
Derivatives designated as hedging instruments:
Foreign Exchange Contracts	Other Current Assets	$	—	$	63	Accrued Liabilities	$	—	$	—
Total Derivative Instruments		$	—	$	63		$	—	$	—

As of January 31, 2017 and 2016, the balance of deferred net gains on derivative financial instruments documented as cash flow hedges included in accumulated other comprehensive income (“AOCI”) were immaterial for both periods, respectively. The maximum length of time the Company hedges its exposure to the fluctuation in future cash flows for forecasted transactions is 24 months. For the fiscal year ended January 31, 2017, the Company reclassified from AOCI to earnings $0.4 million of net gains, net of tax of $0.1 million. For the fiscal year ended January 31, 2016, the amount the Company reclassified from AOCI to earnings was immaterial. No ineffectiveness has been recorded in fiscal years 2017 and 2016, respectively.

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Fair Value Measurements

12 Months Ended

Jan. 31, 2017

Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]

Fair Value Measurements

NOTE 6 -FAIR VALUE MEASUREMENTS

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Accounting guidance establishes a fair value hierarchy which prioritizes the inputs used in measuring fair value into three broad levels as follows:

• Level 1 - Quoted prices in active markets for identical assets or liabilities.

• Level 2 - Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly.

• Level 3 - Unobservable inputs based on the Company’s assumptions.

The guidance requires the use of observable market data if such data is available without undue cost and effort.

The following tables present the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of January 31, 2017 and 2016 (in thousands):

		Fair Value at January 31, 2017
	Balance Sheet Location	Level 1		Level 2		Level 3		Total
Assets:
Available-for-sale securities	Other current assets	$	309	$	—	$	—	$	309
Short-term investment	Other current assets		154		—		—		154
SERP assets - employer	Other non-current assets		1,091		—		—		1,091
SERP assets - employee	Other non-current assets		30,831		—		—		30,831
Hedge derivatives	Other current assets		—		145		—		145
Total		$	32,385	$	145	$	—	$	32,530
Liabilities:
SERP liabilities - employee	Other non-current liabilities	$	30,831	$	—	$	—	$	30,831
Hedge derivatives	Accrued liabilities		—		211		—		211
Total		$	30,831	$	211	$	—	$	31,042

		Fair Value at January 31, 2016
	Balance Sheet Location	Level 1		Level 2		Level 3		Total
Assets:
Available-for-sale securities	Other current assets	$	268	$	—	$	—	$	268
SERP assets - employer	Other non-current assets		1,168		—		—		1,168
SERP assets - employee	Other non-current assets		24,853		—		—		24,853
Hedge derivatives	Other current assets		—		64		—		64
Total		$	26,289	$	64	$	—	$	26,353
Liabilities:
SERP liabilities - employee	Other non-current liabilities	$	24,853	$	—	$	—	$	24,853
Hedge derivatives	Accrued liabilities		—		1,163		—		1,163
Total		$	24,853	$	1,163	$	—	$	26,016

The fair values of the Company’s available-for-sale securities are based on quoted prices. The fair value of the short-term investment, which is a guaranteed investment certificate, is based on its purchase price plus one half of a percent calculated annually. The assets related to the Company’s defined contribution supplemental executive retirement plan (“SERP”) consist of both employer (employee unvested) and employee assets which are invested in investment funds with fair values calculated based on quoted market prices. The SERP liability represents the Company’s liability to the employees in the plan for their vested balances. The hedge derivatives are entered into by the Company principally to reduce its exposure to Swiss franc and Euro exchange rate risks. Fair values of the Company’s hedge derivatives are calculated based on quoted foreign exchange rates and quoted interest rates. The carrying amount of debt approximated fair value as of January 31, 2017. The Company had a long-term investment, which converted to common and preferred shares of a privately held company during the second quarter of fiscal 2016, accounted for under the cost method, with a carrying value of $1.3 million. This investment was tested quarterly for any impairment. Due to the increasingly competitive and difficult market conditions, the operating performance and business outlook for the Company’s long-term investment declined significantly during fiscal 2017. As such, the Company determined the investment experienced an other than temporary impairment and recorded a charge of $1.3 million, in other expenses in the Company’s Consolidated Statements of Operations, to reduce the carrying value to zero in the United States location of the Wholesale segment.

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Income Taxes

12 Months Ended

Jan. 31, 2017

Income Tax Disclosure [Abstract]

Income Taxes

NOTE 7 - INCOME TAXES

Income before provision for income taxes on a legal entity basis consists of the following (in thousands):

	2017		2016		2015
U.S. income before taxes	$	26,299	$	44,384	$	34,099
Non-U.S. income before taxes		25,155		24,741		37,065
Income before income taxes	$	51,454	$	69,125	$	71,164

The Company conducts business globally and, as a result, is subject to income taxes in the U.S. federal, state, local and foreign jurisdictions. In the normal course of business, the Company is subject to examinations by taxing authorities in many countries, such as Germany, Hong Kong, Switzerland and the United States. The Company is no longer subject to income tax examination for years ended prior to January 31, 2013, with few exceptions.

The provision for income taxes for the fiscal years ended January 31, 2017, 2016 and 2015 consists of the following components (in thousands):

	2017			2016			2015
Current:
U.S. Federal	$	14,079		$	17,776		$	8,412
U.S. State and Local		1,117			1,434			770
Non-U.S.		5,091			5,291			3,945
		20,287			24,501			13,127
Deferred:
U.S. Federal		(4,231	)		(1,995	)		3,763
U.S. State and Local		(167	)		(228	)		420
Non-U.S.		426			1,082			1,954
		(3,972	)		(1,141	)		6,137
Provision for income taxes	$	16,315		$	23,360		$	19,264

Significant components of the Company’s deferred income tax assets and liabilities as of January 31, 2017 and 2016 are as follows (in thousands):

	2017 Deferred Taxes					2016 Deferred Taxes
	Assets			Liabilities		Assets			Liabilities
Net operating loss carryforwards	$	10,516		$	—	$	9,182		$	—
Inventory		3,782			—		3,103			—
Unprocessed returns		1,200			—		1,538			—
Receivables allowances		1,151			—		847			—
Deferred compensation		18,955			—		16,286			—
Unrepatriated earnings		—			2,956		—			2,877
Capital loss carryforwards		389					216			—
Depreciation/amortization		—			1,245		—			1,234
Other provisions/accruals		207			—		200			—
Miscellaneous		955			—		992			—
		37,155			4,201		32,364			4,111
Valuation allowance		(8,714	)		—		(8,089	)		—
Total deferred tax assets and liabilities	$	28,441		$	4,201	$	24,275		$	4,111

As of January 31, 2017, the Company had no U.S. federal net operating loss carryforwards and had U.S. state and foreign net operating loss carryforwards of approximately $9.3 million and $38.1 million, respectively, with expiration dates ranging from 1-19 years and some foreign jurisdictions with an indefinite carryforward period. Of the foreign net operating losses, $15.9 million are related to Switzerland and the remaining is related to Germany and other foreign countries.

A valuation allowance is required to be established unless management determines it is more likely than not that the Company will ultimately utilize the tax benefit associated with a deferred tax asset. The Company has U.S. state and foreign valuation allowances of $0.1 million and $8.6 million, respectively, which are primarily related to net operating loss carryforwards.

Management will continue to evaluate the appropriate level of valuation allowance on all deferred tax assets considering such factors as prior earnings history, expected future earnings, carryback and carryforward periods, and tax and business strategies that could potentially enhance the likelihood of realization of the deferred tax assets.

The recognition of deductible windfall tax benefits related to stock-based compensation is prohibited until realized through a reduction to income taxes payable. Shortfall tax expenses of $0.3 million and $0.0 million and windfall tax benefit of $1.3 million, were recorded in additional paid-in-capital during fiscal years 2017, 2016 and 2015, respectively.

The provision for income taxes differs from the U.S. federal statutory rate due to the following (in thousands):

	Fiscal Year Ended January 31,
	2017			2016			2015
Provision for income taxes at the U.S. statutory rate	$	18,009		$	24,194		$	24,906
Lower effective non-U.S. income tax rate		(4,725	)		(4,463	)		(7,257	)
Change in valuation allowance		828			986			1,298
U.S. tax provided on earnings of non-U.S. subsidiaries		541			1,029			639
Change in liabilities for uncertain tax positions, net		215			(98	)		179
State and local taxes, net of federal benefit		617			1,234			693
(Benefit) provided on intercompany transactions		—			—			(1,652	)
Other, net		830			478			458
Total provision for income taxes	$	16,315		$	23,360		$	19,264

The effective tax rate for fiscal 2017 was 31.7%, primarily as a result of foreign profits being taxed in lower taxing jurisdictions offset by no tax benefit being recognized on certain earnings of foreign subsidiaries and U.S. tax provided on earnings of non-U.S. subsidiaries. The effective tax rate for fiscal 2016 was 33.8% primarily as a result of foreign profits being taxed in lower taxing jurisdictions offset by U.S. tax provided on earnings of non-U.S. subsidiaries. The effective tax rate for fiscal 2015 was 27.1%, primarily as a result of foreign profits being taxed in lower taxing jurisdictions and the recognition of a tax benefit related to intercompany profit in certain jurisdictions.

The Company performs a quarterly assessment reviewing its global cash projections and investment needs, and considers such factors as projected future results, continued need for investment in the overseas business as well as cash needs in the U.S., among other countries. The Company has recorded a federal income tax liability of $3.0 million related to $12.7 million of pre-2013 foreign earnings which have been earmarked for future repatriation. This deferred tax liability is net of the estimated foreign tax credits that would be generated upon repatriation of such earnings. A deferred tax liability has not been recorded for the remaining undistributed foreign earnings of approximately $307 million, because the Company intends to permanently reinvest such earnings in its foreign operations. It is not practicable to estimate the amount of tax that may be payable on the eventual distribution of these earnings.

A reconciliation of the beginning and ending amounts of gross unrecognized tax benefits (exclusive of interest) for the fiscal years ended January 31, 2017, 2016 and 2015 are as follows (in thousands):

	2017			2016			2015
Beginning balance	$	2,481		$	2,657		$	2,740
Additions for tax positions taken in the current year		142			175			128
Lapse of statute of limitations		—			(311	)		(34	)
Non U.S. currency exchange fluctuations		(4	)		(40	)		(177	)
Ending balance	$	2,619		$	2,481		$	2,657

Included in the balances at January 31, 2017, January 31, 2016 and January 31, 2015 are $2.6 million, $2.4 million, and $2.5 million of unrecognized tax benefits which would impact the Company’s effective tax rate, if recognized. Interest and penalties, if any, related to unrecognized tax benefits are recorded as income tax expense in the consolidated statement of operations. As of January 31, 2017, January 31, 2016 and January 31, 2015, the Company had $0.7 million, $0.6 million and $0.7 million, respectively of accrued interest (net of tax benefit) and penalties related to unrecognized tax benefits. During fiscal years 2017, 2016 and 2015, the Company accrued $0.1 million, $0.1 million and $0.1 million of interest (net of tax benefit) and penalties. It is reasonably possible that within the next 12 months unrecognized tax benefits could decrease by up to $0.6 million, exclusive of interest and penalties, due to the closure of audit periods in multiple taxing jurisdictions. We expect that the majority of the decrease would impact the Company’s effective tax rate, if recognized.

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Leases

12 Months Ended

Jan. 31, 2017

Leases [Abstract]

Leases

NOTE 8 – LEASES

The Company leases office, distribution, retail and manufacturing facilities, and office equipment under operating leases, which expire at various dates through February 2027. Certain leases include renewal options and the payment of real estate taxes and other occupancy costs. Some leases also contain rent escalation clauses (step rents) that require additional rent amounts in the later years of the term. Rent expense for leases with step rents is recognized on a straight-line basis over the minimum lease term. Likewise, capital funding and other lease concessions that are occasionally provided to the Company are recorded as deferred rent and amortized on a straight-line basis over the minimum lease term as adjustments to rent expense. Rent expense for equipment and distribution, factory and office facilities under operating leases was approximately $14.2 million, $13.5 million and $13.5 million in fiscal 2017, 2016 and 2015, respectively.

Minimum annual rentals under noncancelable operating leases as of January 31, 2017, excluding real estate taxes and operating costs, are as follows (in thousands):

Fiscal Year Ending January 31,
2018	$	13,097
2019		9,013
2020		5,301
2021		3,558
2022		3,282
Thereafter		13,288
	$	47,539

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Commitments and Contingencies

12 Months Ended

Jan. 31, 2017

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

NOTE 9 – COMMITMENTS AND CONTINGENCIES

The Company has minimum commitments related to the Company’s license agreements and endorsement agreements with brand ambassadors. The Company sources, distributes, advertises and sells watches pursuant to its exclusive license agreements with unaffiliated licensors. Royalty amounts under the license agreements are generally based on a stipulated percentage of revenues, although most of these agreements contain provisions for the payment of minimum annual royalty amounts. The license agreements have various terms and some have additional renewal options, provided that minimum sales levels are achieved. Additionally, the license agreements require the Company to pay minimum annual advertising amounts. As of January 31, 2017, the total amount of the Company’s minimum commitments related to its license agreements and endorsement agreements was $116.8 million.

The Company had outstanding purchase obligations of $68.8 million with suppliers at the end of fiscal 2017 primarily for raw materials, finished watches and packaging in the normal course of business. These purchase obligation amounts do not represent total anticipated purchases but represent only amounts to be paid for items required to be purchased under agreements that are enforceable, legally binding and specify minimum quantity, price and term.

The Company believes that income tax reserves are adequate; however, amounts asserted by taxing authorities could be greater or less than amounts accrued and reflected in the consolidated balance sheet. Accordingly, the Company could record adjustments to the amounts for federal, state, and foreign liabilities in the future as the Company revises estimates or settles or otherwise resolves the underlying matters. In the ordinary course of business, the Company may take new positions that could increase or decrease unrecognized tax benefits in future periods.

As of January 31, 2017, the Company recorded $1.0 million in restricted cash deposits in other current assets on the Company’s Consolidated Balance Sheet, related to a certain vendor agreement.

In December 2016, U.S. Customs and Border Protection (“U.S. Customs”) issued an audit report concerning the methodology used by the Company to allocate the cost of certain watch styles imported into the U.S. among the component parts of those watches for tariff purposes. The report disputes the reasonableness of the Company’s historical allocation formulas and proposes an alternative methodology that would imply approximately $5.1 million in underpaid duties over the five-year period covered by the statute of limitations. The Company believes that U.S. Customs’ alternative duty methodology and estimate are not consistent with the Company’s facts and circumstances and is disputing U.S. Customs’ position. On February 24, 2017, the Company provided U.S. Customs with supplemental analyses and information supporting the Company’s historical allocation formulas and requested a meeting to discuss that information. Although the Company disagrees with U.S. Customs’ position, it cannot predict with any certainty the outcome of this matter. The Company intends to continue to work with U.S. Customs to reach a mutually-satisfactory resolution.

The Company is involved in legal proceedings and claims from time to time, in the ordinary course of its business. Legal reserves are recorded in accordance with the accounting guidance for contingencies. Contingencies are inherently unpredictable and it is possible that results of operations, balance sheets or cash flows could be materially and adversely affected in any particular period by unfavorable developments in, or resolution or disposition of, such matters. For those legal proceedings and claims for which the Company believes that it is probable and reasonably estimable that a loss may result, the Company records a reserve for the potential loss. For proceedings and claims where the Company believes it is reasonably possible that a loss may result that is materially in excess of amounts accrued for the matter, the Company either discloses an estimate of such possible loss or range of loss or includes a statement that such an estimate cannot be made. As of January 31, 2017, the Company is party to legal proceedings and contingencies, the resolution of which is not expected to materially affect its financial condition, future results of operations beyond the amounts accrued, or cash flows.

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Stock-Based Compensation

12 Months Ended

Jan. 31, 2017

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock-Based Compensation

NOTE 10 – STOCK-BASED COMPENSATION

Under the Company’s Employee Stock Option Plan, as amended and restated as of April 4, 2013 (the “Plan”), the Compensation Committee of the Board of Directors, which consists of four of the Company’s non-employee directors, has the authority to grant incentive stock options and nonqualified stock options, as well as stock appreciation rights and stock awards, for up to 11,000,000 shares of common stock. Options granted to participants under the Plan generally become exercisable in equal installments over three or five years and remain exercisable until the tenth anniversary of the date of grant. The option price may not be less than the fair market value of the stock at the time the options are granted.

The weighted-average assumptions used with the Black-Scholes option-pricing model for the calculation of the fair value of stock option grants during fiscal 2017 were: expected term of 6.0 years; risk-free interest rate of 1.42%; expected volatility of 47.81% and dividend yield of 1.01%. The weighted-average grant date fair value of options granted during the fiscal year ended January 31, 2017 was $11.17. The weighted-average assumptions used with the Black-Scholes option-pricing model for the calculation of the fair value of stock option grants during fiscal 2016 were: expected term of 5.0 years; risk-free interest rate of 1.34%; expected volatility of 48.77% and dividend yield of 0.81%. The weighted-average grant date fair value of options granted during the fiscal year ended January 31, 2016 was $12.31. The weighted-average assumptions used with the Black-Scholes option-pricing model for the calculation of the fair value of stock option grants during fiscal 2015 were: expected term of 5.0 years; risk-free interest rate of 1.64%; expected volatility of 51.13% and dividend yield of 0.68%. The weighted-average grant date fair value of options granted during the fiscal year ended January 31, 2015 was $17.99.

Total compensation expense for stock option grants recognized during the fiscal years ended January 31, 2017, 2016 and 2015 was approximately $1.3 million, net of tax of $0.8 million and $1.1 million, net of tax of $0.6 million and $1.2 million, net of tax of $0.7 million, respectively. Expense related to stock option compensation is recognized on a straight-line basis over the vesting term. As of January 31, 2017, there was approximately $2.1 million of unrecognized compensation cost related to unvested stock options. These costs are expected to be recognized over a weighted-average period of 1.8 years. Total consideration received for stock option exercises during the fiscal years ended January 31, 2017, 2016 and 2015 was approximately $1.0 million, $0.6 million and $1.7 million, respectively. The windfall tax expense realized on these exercises in fiscal 2017 was approximately $0.1 million.

Transactions for stock options under the Plan since fiscal 2014 are summarized as follows:

	Outstanding Options			Weighted- Average Exercise Price
January 31, 2014		599,406		$	26.24
Options granted		116,880		$	41.71
Options exercised		(86,066	)	$	19.75
Options cancelled		(14,000	)	$	26.59
January 31, 2015		616,220		$	30.08
Options granted		126,880		$	30.36
Options exercised		(28,450	)	$	21.49
Options cancelled		(15,050	)	$	33.32
January 31, 2016		699,600		$	30.41
Options granted		200,346		$	26.97
Options exercised		(40,588	)	$	25.68
Options cancelled		—		$	—
January 31, 2017		859,358		$	29.83

The total fair value of stock options exercised for the fiscal years ended January 31, 2017, 2016 and 2015 was approximately $0.2 million, $0.2 million and $1.6 million, respectively. The total fair value of the stock options vested for the fiscal years ended January 31, 2017 and 2016 was approximately $2.0 million and $2.9 million, respectively. There were no stock options vested for the fiscal year ended January 31, 2015.

The following table summarizes outstanding and exercisable stock options as of January 31, 2017:

Range of Exercise Prices	Number Outstanding		Weighted- Average Remaining ContractualLife (years)		Weighted- AverageExercise Price		Number Exercisable		Weighted- AverageExercise Price
$21.03 -   $24.02		93,750		3.4	$	22.09		68,750	$	22.29
$24.03 -   $27.02		183,612		5.2	$	26.59		183,612	$	26.59
$27.03 -   $30.02		175,346		9.2	$	27.74		—	$	—
$30.03 -   $33.02		293,570		5.6	$	30.98		196,040	$	31.28
$33.03 -   $42.02		29,780		7.4	$	40.52		19,853	$	40.52
$42.03 -   $45.02		83,300		7.2	$	42.12		14,000	$	42.12
		859,358		5.7	$	29.83		482,255	$	28.91

The total intrinsic value of outstanding stock options as of January 31, 2017, 2016 and 2015 was approximately $0.6 million, $0.3 million and $0.2 million, respectively. The total intrinsic value of exercisable stock options as of January 31, 2017, 2016 and 2015 was approximately $0.4 million, $0.3 million and $0.2 million, respectively.

Under the Plan, the Company has the ability to grant stock awards to employees. Stock awards generally vest three to five years from the date of grant. Expense for these grants is recognized on a straight-line basis over the vesting period. The fair value of stock awards is equal to the closing price of the Company’s publicly-traded common stock on the grant date.

For fiscal years 2017, 2016 and 2015, compensation expense for stock awards was approximately $3.2 million, net of tax of $2.0 million, $2.7 million, net of tax of $1.7 million and $2.4 million, net of tax of $1.5 million, respectively. Current accounting guidance requires forfeitures to be estimated at the time of grant in order to estimate the amount of share-based awards that will ultimately vest and thus, current period compensation expense has been adjusted for estimated forfeitures based on historical data. As of January 31, 2017, there was approximately $5.1 million of unrecognized compensation cost related to unvested stock awards. These costs are expected to be recognized over a weighted-average period of 1.7 years.

Transactions for stock award units under the Plan since fiscal 2014 are summarized as follows:

	Number of Stock Award Units			Weighted- Average Grant Date Fair Value
January 31, 2014		303,170		$	24.84
Units granted		164,122		$	41.32
Units vested		(118,368	)	$	18.66
Units forfeited		(11,568	)	$	33.58
January 31, 2015		337,356		$	34.72
Units granted		136,310		$	29.48
Units vested		(83,578	)	$	29.99
Units forfeited		(15,490	)	$	35.70
January 31, 2016		374,598		$	33.83
Units granted		187,777		$	27.76
Units vested		(170,010	)	$	31.85
Units forfeited		(11,207	)	$	34.50
January 31, 2017		381,158		$	31.71

Upon the vesting of a stock award, shares equal to the number of underlying stock award units are issued from the pool of authorized shares. The total fair value of stock award units that vested during fiscal 2017, 2016 and 2015 was approximately $4.8 million, $2.5 million, and $4.9 million, respectively. The windfall tax expense realized on the vested stock awards for fiscal 2017 was $0.2 million. The weighted-average grant date fair values for stock awards for fiscal 2017, 2016, and 2015 were $27.76, $29.48 and $41.32, respectively. Unvested stock award units had a total fair value of approximately $10.3 million, $9.6 million, and $8.1 million for fiscal 2017, 2016 and 2015, respectively.

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Other Employee Benefit Plans

12 Months Ended

Jan. 31, 2017

Defined Contribution Pension And Other Postretirement Plans Disclosure [Abstract]

Other Employee Benefit Plans

NOTE 11 – OTHER EMPLOYEE BENEFIT PLANS

The Company maintains an Employee Savings Plan under Section 401(k) of the Internal Revenue Code. In addition, the Company maintains defined contribution employee benefit plans for its employees located in Switzerland. Company contributions and expenses of administering the plans were $3.1 million, $2.9 million and $3.3 million in fiscal 2017, 2016 and 2015, respectively.

The Company maintains a defined contribution Deferred Compensation Plan (also known as a supplemental employee retirement plan or SERP). The SERP provides eligible executives with supplemental retirement benefits in addition to amounts received under the Company’s other retirement plans. The Company makes a matching contribution, up to either 5% or 10% of the executive’s salary, which vests in equal annual installments over five years.

During fiscal 2017, 2016 and 2015, the Company recorded expenses related to the SERP of $0.9 million, which includes $0.3 million related to the retirement of the Company’s former Vice Chairman and Chief Operating Officer, $0.4 million and $0.5 million, respectively.

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Accumulated Other Comprehensive Income

12 Months Ended

Jan. 31, 2017

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Accumulated Other Comprehensive Income

NOTE 12 – ACCUMULATED OTHER COMPREHENSIVE INCOME

The components of accumulated other comprehensive income at January 31, consisted of the following (in thousands):

	Currency Translation Adjustments			Available- for-sale securities			Hedging Contracts			Total
Balance, January 31, 2016	$	68,265		$	189		$	51		$	68,505
Other comprehensive income / (loss) before reclassifications		8,389			8			(408	)		7,989
Amounts reclassified from accumulated other comprehensive income (1)		(85	)		—			371			286
Net current-period other comprehensive income / (loss)		8,304			8			(37	)		8,275
Balance, January 31, 2017	$	76,569		$	197		$	14		$	76,780
	Currency Translation Adjustments			Available- for-sale securities			Hedging Contracts			Total
Balance, January 31, 2015	$	98,642		$	211		$	1		$	98,854
Other comprehensive (loss) / income before reclassifications		(30,377	)		(22	)		50			(30,349	)
Amounts reclassified from accumulated other comprehensive income (1)		—			—			—			—
Net current-period other comprehensive (loss) / income		(30,377	)		(22	)		50			(30,349	)
Balance, January 31, 2016	$	68,265		$	189		$	51		$	68,505

(1) Amounts in fiscal 2017 and 2016 were reclassified to earnings in the Consolidated Statements of Operations.

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Segment and Geographic Information

12 Months Ended

Jan. 31, 2017

Segment Reporting [Abstract]

Segment and Geographic Information

NOTE 13 – SEGMENT AND GEOGRAPHIC INFORMATION

The Company follows accounting guidance related to disclosures about segments of an enterprise and related information. This guidance requires disclosure of segment data based on how management makes decisions about allocating resources to segments and measuring their performance.

The Company conducts its business in two operating segments: Wholesale and Retail. The Company’s Wholesale segment includes the designing, manufacturing and distribution of watches of quality luxury brands and licensed brands, in addition to revenue generated from after-sales service activities and shipping. The Retail segment includes the Company’s retail outlet locations.

The Company divides its business into two major geographic locations: United States operations, and International, which includes the results of all non-U.S. Company operations. The allocation of geographic revenue is based upon the location of the customer. The Company’s International operations in Europe, the Americas (excluding the United States), the Middle East and Asia accounted for 23.1%, 8.9%, 8.1% and 6.3%, respectively, of the Company’s total net sales for fiscal 2017. For fiscal 2016, the Company’s International operations in Europe, the Americas (excluding the United States), the Middle East and Asia accounted for 21.2%, 10.5%, 7.4% and 6.1%, respectively, of the Company’s total net sales. For fiscal 2015, the Company’s International operations in Europe, the Americas (excluding the United States), the Middle East and Asia accounted for 18.9%, 11.4%, 7.1% and 8.0%, respectively, of the Company’s total net sales. Substantially all of the Company’s International assets are located in Switzerland and Hong Kong.

Operating Segment Data as of and for the Fiscal Year Ended January 31, (in thousands):

	Net Sales (3)
	2017		2016		2015
Wholesale:
Luxury brands category	$	205,396	$	219,012	$	212,684
Licensed brands category		265,137		297,227		294,316
After-sales service and all other		13,911		13,770		15,260
Total Wholesale		484,444		530,009		522,260
Retail		68,308		64,914		64,720
Consolidated total	$	552,752	$	594,923	$	586,980

	Operating Income  (1) (2) (4) (5)
	2017		2016		2015
Wholesale	$	41,773	$	58,242	$	58,236
Retail		12,208		11,865		13,251
Consolidated total	$	53,981	$	70,107	$	71,487

	Total Assets				Capital Expenditures
	2017		2016		2017		2016		2015
Wholesale	$	584,518	$	562,547	$	5,666	$	5,902	$	9,321
Retail		23,284		22,623		254		2,168		1,811
Consolidated total	$	607,802	$	585,170	$	5,920	$	8,070	$	11,132

	Depreciation and Amortization
	2017		2016		2015
Wholesale	$	9,875	$	11,561	$	11,053
Retail		1,632		1,595		1,416
Consolidated total	$	11,507	$	13,156	$	12,469

Geographic Location Data as of and for the Fiscal Year Ended January 31, (in thousands):

	Net Sales (3)						Operating Income  (1) (2) (4) (5)
	2017		2016		2015		2017		2016		2015
United States	$	296,311	$	326,206	$	320,425	$	16,917	$	29,867	$	18,811
International		256,441		268,717		266,555		37,064		40,240		52,676
Consolidated total	$	552,752	$	594,923	$	586,980	$	53,981	$	70,107	$	71,487

	Total Assets				Property, Plant and Equipment, Net
	2017		2016		2017		2016
United States	$	207,246	$	215,053	$	19,197	$	24,517
International		400,556		370,117		14,976		14,036
Consolidated total	$	607,802	$	585,170	$	34,173	$	38,553

(1) Fiscal 2017 Wholesale and United States operating income included a pre-tax charge of $1.8 million, as a result of the immediate vesting of stock awards and certain other compensation related to the announcement of the retirement of Rick Coté, the Company’s former Vice Chairman and Chief Operating Officer, in fiscal 2017.

(2) Fiscal 2016 Wholesale and United States and International operating income included a $4.0 million charge as a result of actions taken by the Company in fiscal 2016 to achieve greater operating efficiencies and streamline its operations.

(3) The United States and International net sales are net of intercompany sales of $289.2 million, $309.1 million and $305.1 million for the fiscal years ended January 31, 2017, 2016 and 2015, respectively.

(4) The United States operating income included $25.5 million, $27.0 million and $19.3 million of unallocated corporate expenses for the fiscal years ended January 31, 2017, 2016 and 2015, respectively.

(5) The International operating income included $40.0 million, $44.5 million and $47.1 million of certain intercompany profits related to the Company’s supply chain operations for the fiscal years ended January 31, 2017, 2016 and 2015, respectively.

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Quarterly Financial Data (Unaudited)

12 Months Ended

Jan. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (Unaudited)

NOTE 14 - QUARTERLY FINANCIAL DATA (UNAUDITED)

The following table presents unaudited selected interim operating results of the Company for fiscal 2017 and 2016 (in thousands, except per share amounts):

	Quarter
	1st		2nd		3rd		4th
Fiscal 2017
Net sales	$	114,063	$	128,086	$	179,818	$	130,785
Gross profit	$	61,317	$	70,263	$	98,550	$	64,687
Income before income taxes	$	5,060	$	9,796	$	29,501	$	7,097
Net income	$	3,337	$	6,355	$	20,215	$	5,232
Net income attributed to Movado Group, Inc.	$	3,308	$	6,306	$	20,215	$	5,232
Basic income per share:
Net income attributed to Movado Group, Inc.	$	0.14	$	0.27	$	0.88	$	0.23
Diluted income per share:
Net income attributed to Movado Group, Inc.	$	0.14	$	0.27	$	0.87	$	0.22
Fiscal 2016
Net sales	$	120,461	$	145,569	$	185,629	$	143,264
Gross profit	$	62,449	$	79,038	$	100,092	$	75,351
Income before income taxes	$	6,776	$	18,013	$	33,152	$	11,184
Net income	$	3,641	$	11,933	$	21,910	$	8,282
Net income attributed to Movado Group, Inc.	$	3,622	$	12,053	$	21,532	$	7,888
Basic income per share:
Net income attributed to Movado Group, Inc.	$	0.15	$	0.51	$	0.93	$	0.34
Diluted income per share:
Net income attributed to Movado Group, Inc.	$	0.15	$	0.50	$	0.92	$	0.34

As each quarter is calculated as a discrete period, the sum of the four quarters may not equal the calculated full year amount. This is in accordance with prescribed reporting requirements.

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Supplemental Cash Flow Information

12 Months Ended

Jan. 31, 2017

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

NOTE 15 - SUPPLEMENTAL CASH FLOW INFORMATION

The following is provided as supplemental information to the consolidated statements of cash flows (in thousands):

	Fiscal Year Ended January 31,
	2017		2016		2015
Cash paid during the year for:
Interest	$	1,121	$	797	$	226
Income taxes, net	$	22,768	$	22,500	$	12,493
Supplemental disclosures of non-cash investing    activities:
Additions to property, plant and equipment    included in accrued liabilities	$	4	$	—	$	127

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Net Income Attributed to Movado Group, Inc. and Transfers to Noncontrolling Interest

12 Months Ended

Jan. 31, 2017

Net Income Attributable To Group And Transfers To Noncontrolling Interest [Abstract]

Net Income Attributed to Movado Group, Inc. and Transfers to Noncontrolling Interest

NOTE 16 – NET INCOME ATTRIBUTED TO MOVADO GROUP, INC. AND TRANSFERS TO NONCONTROLLING INTEREST

	For Fiscal Year Ended January 31,(in thousands)
	2017			2016			2015
Net income attributed to Movado Group, Inc.	$	35,061		$	45,094		$	51,776
Transfers to the noncontrolling interest
Decrease in Movado Group, Inc.’s paid in    capital for purchase of joint venture common    shares		(1,011	)		(3,613	)		—
Net transfers to noncontrolling interest		(1,011	)		(3,613	)		—
Change from net income attributed to Movado    Group, Inc. and transfers to noncontrolling    interest	$	34,050		$	41,481		$	51,776

On August 4, 2016, Movado Group, Inc. and Majorelle Limited, an English company (“Majorelle”), voluntarily terminated the joint venture agreement they had entered into on January 30, 2013 (the “JV Agreement”) relating to MGS Distribution Limited, an English company (“MGS”). Under the JV Agreement, the Company and Majorelle owned 90% and 10%, respectively, of the issued and outstanding shares of MGS which had been formed to distribute the Company’s licensed watch brands in the United Kingdom. In connection with the mutual agreement to terminate the JV Agreement, the Company acquired the remaining shares in MGS from Majorelle, for the purchase price of $1.7 million, thereby increasing its ownership interest in MGS to 100%. Since August 4, 2016, the Company has accounted for MGS as a wholly-owned subsidiary.  

On January 6, 2016, Movado Group, Inc. and Financiere TWC SA (“TWC”), a French company with established distribution, marketing and sales operations in France and Germany, terminated the joint venture agreement they entered into on August 31, 2005 (the “JV Agreement”) relating to MGI-TWC B.V., a Dutch holding company that wholly owns MGI-TWC SAS, a French corporation, and MGI-TWC GmbH, a German corporation (collectively, the “Subsidiaries”). Under the JV Agreement, the Company and TWC controlled 51% and 49%, respectively, of MGI-TWC B.V. On January 6, 2016 the JV Agreement was terminated in connection with the acquisition by the Company of the outstanding 49% ownership interest in MGI-TWC B.V, for the purchase price of $5.6 million. Since that date, the Company has accounted for the Subsidiaries as wholly-owned entities. The Subsidiaries continue to be responsible for the marketing, distribution and sale in France and Germany of the Company's licensed HUGO BOSS, Lacoste, Scuderia Ferrari and Tommy Hilfiger brands, as well as future brands licensed to the Company, subject to the terms of the applicable license agreements.  

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Treasury Stock

12 Months Ended

Jan. 31, 2017

Equity [Abstract]

Treasury Stock

NOTE 17 – TREASURY STOCK

On March 31, 2016, the Board approved a share repurchase program under which the Company is authorized to purchase up to $50.0 million of its outstanding common stock from time to time, depending on market conditions, share price and other factors. The Company may purchase shares of its common stock through open market purchases, repurchase programs, block trades or otherwise. This authorization expires on September 30, 2017. During the fiscal year ended January 31, 2017, the Company repurchased a total of 157,499 shares of its common stock at a total cost of approximately $3.9 million, or an average of $24.54 per share, which included 35,000 shares repurchased from the Movado Group Foundation at a total cost of approximately $1.0 million, or an average of $29.03 per share. During the fiscal year ended January 31, 2016, under a previously issued share repurchase program, the Company repurchased a total of 1,858,939 shares of its common stock at a total cost of approximately $48.7 million, or an average of $26.22 per share, which included 28,000 shares repurchased from the Movado Group Foundation at a total cost of approximately $0.8 million, or an average of $27.33 per share.

There were 47,310 and 21,076 shares of common stock repurchased during the fiscal year ended January 31, 2017 and 2016, respectively, as a result of the surrender of shares in connection with the vesting of certain stock awards. At the election of an employee, shares having an aggregate value on the vesting date equal to the employee’s withholding tax obligation may be surrendered to the Company.

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Accounting Changes and Recent Accounting Pronouncements

12 Months Ended

Jan. 31, 2017

Accounting Changes And Error Corrections [Abstract]

Accounting Changes and Recent Accounting Pronouncements

NOTE 18 – ACCOUNTING CHANGES AND RECENT ACCOUNTING PRONOUNCEMENTS

On April 15, 2015, FASB issued ASU 2015-05, “Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement.” The amendments in this update provide guidance to customers about whether a cloud computing arrangement includes a software license. Under application of this guidance, if a cloud computing arrangement includes a software license, the update specifies that the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. A customer should account for a cloud computing arrangement as a service contract if the arrangement does not include a software license. The Company prospectively adopted the provisions of ASU 2015-05 during the first quarter of fiscal 2017, which had no material impact on the Company’s financial position, results of operations or cash flows.

On January 5, 2017, FASB issued ASU 2017-01, “Business Combinations: Clarifying the Definition of a Business,” which clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, with early adoption permitted. This standard will not have a material impact on the Company’s consolidated results of operations or financial position.

On November 17, 2016, FASB issued ASU 2016-18, “Statement of Cash Flows: Restricted Cash,” which addresses diversity in practice that exists in the classification and presentation of changes in restricted cash and requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. The guidance is effective retrospectively for fiscal years and interim periods within those years beginning after December 15, 2017. The Company has evaluated the effect of adopting this pronouncement, and plans to adopt the provisions of ASU 2016-18 retrospectively during the first quarter of fiscal 2019. Adopting this pronouncement will affect the presentation of restricted cash on the Company’s Statements of Cash Flows.

On October 24, 2016, FASB issued ASU 2016-16, “Accounting for Income Taxes: Intra-Entity Asset Transfers of Assets Other than Inventory,” which requires the tax effects of intercompany transactions to be recognized currently. The guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, with early adoption permitted. The Company is evaluating the effect of adopting this pronouncement, but the adoption is not expected to have a material impact on the Company’s consolidated financial statements.

On August 26, 2016, FASB issued ASU 2016-15, “Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments,” which clarifies how certain cash receipts and cash payments are presented in the statement of cash flows. The guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, with early adoption permitted. The Company is evaluating the effect of adopting this pronouncement, but the adoption is not expected to have a material impact on the Company’s consolidated financial statements.

On March 30, 2016, FASB issued ASU 2016-09, “Improvements to Employee Share-Based Payment Accounting,” which amends accounting for income taxes related to share-based compensation, the related classification in the statement of cash flows and share award forfeiture accounting. For public companies, the standard will be effective for the first interim reporting period within annual periods beginning after December 15, 2016, although early adoption is permitted. The Company will adopt this guidance beginning in the first quarter of fiscal 2018. The Company will apply the change in the presentation on the cash flow statement retrospectively. In addition, the guidance allows for a policy election to account for forfeitures as they occur and the Company will continue to apply its policy of estimating forfeiture rates. The impact on the Company’s financial statements will be dependent on the timing of award vesting or exercises, the tax rate and the intrinsic value when awards vest or are exercised.

On February 25, 2016, FASB issued ASU 2016-02, “Leases,” which requires lessees to recognize most leases on the balance sheet. This change is expected to increase both reported assets and liabilities. The new lease standard does not substantially change lessor accounting. For public companies, the standard will be effective for the first interim reporting period within annual periods beginning after December 15, 2018, although early adoption is permitted. Lessees and lessors will be required to apply the new standard at the beginning of the earliest period presented in the financial statements in which they first apply the new guidance, using a modified retrospective transition method. The requirements of this standard include a significant increase in required disclosures. The Company is analyzing the impact of the adoption of this guidance on the Company’s consolidated financial statements, including assessing changes that might be necessary to information technology systems, processes and internal controls to capture new data and address changes in financial reporting.

On January 5, 2016, FASB issued ASU 2016-01, “Financial Instruments: Recognition and Measurement of Financial Assets and Financial Liabilities,” which enhances the reporting model for financial instruments and includes amendments to address aspects of recognition, measurement, presentation and disclosure. For public companies, the amendment is effective for annual periods beginning after December 15, 2017. Early adoption is permitted for only certain portions of the new guidance. The Company is evaluating the impact of the adoption of this guidance on the Company’s consolidated financial statements.

On July 22, 2015, FASB issued ASU 2015-11, “Inventory: Simplifying the Measurement of Inventory,” which affects reporting entities that measure inventory using first-in, first-out or average cost. Specifically, the guidance requires that inventory be measured at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable cost of completion, disposal, and transportation. The guidance is effective for annual periods beginning after December 15, 2016, with early adoption permitted. The Company is evaluating the effect of adopting this pronouncement, but the adoption will not have a material impact on the Company’s consolidated financial statements.

On May 28, 2014, FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” This pronouncement affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards (for example, insurance contracts or lease contracts). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In July 2015, FASB deferred the effective date of the guidance. The new revenue standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017 and allows either a full retrospective adoption to all periods presented or a modified retrospective adoption approach with the cumulative effect of initial application of the revised guidance recognized at the date of initial application. Early adoption is permitted for periods beginning after December 15, 2016. On March 30, 2016, FASB issued ASU 2016-08, “Revenue from Contracts with Customers (Principal versus Agent Considerations),” to clarify the implementation guidance on principal versus agent considerations. On April 14, 2016, FASB issued ASU 2016-10, “Revenue from Contracts with Customers (Identifying Performance Obligations and Licensing),” to clarify the implementation guidance on identifying performance obligations and accounting for licenses of intellectual property. On May 9, 2016, FASB issued ASU 2016-12, “Revenue from Contracts with Customers (Narrow-Scope Improvements and Practical Expedients),” to clarify the implementation guidance on assessing collectability, presentation of sales taxes, noncash consideration and completed contracts and contract modifications at transition. The Company is assessing the impact of the guidance on its customer agreements by reviewing its current accounting policies and practices to identify potential differences that would result from applying the new requirements to its existing agreements, including evaluation of its performance obligations, return policy, customer payments and principal versus agent consideration. The Company will continue evaluating the impact, if any, on changes to the business processes, systems and controls to support recognition and disclosure under the new guidance. The Company is still evaluating the impact of the adoption of this guidance on the Company’s consolidated financial statements. The Company expects to adopt the new guidance in the beginning of fiscal 2019.

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Operating Efficiency Initiatives and Other Items

12 Months Ended

Jan. 31, 2017

Restructuring And Related Activities [Abstract]

Operating Efficiency Initiatives and Other Items

NOTE 19 – OPERATING EFFICIENCY INITIATIVES AND OTHER ITEMS

In fiscal 2016, the Company commenced an initiative to achieve greater operating efficiencies and streamline its operations, primarily at certain of its foreign subsidiaries. In the first quarter of fiscal 2016, the Company recorded $2.7 million of pre-tax expenses primarily for severance, occupancy charges, and fixed assets. In the fourth quarter of fiscal 2016, the Company recorded an additional pre-tax charge of $1.3 million primarily related to severance and the write-off of unamortized shop-in-shops with no expected future value. The Company substantially completed the actions under this initiative as of January 31, 2016.

A summary roll forward of costs related to the operating efficiency initiatives and other items is as follows (in thousands):

	Balance at January 31, 2016		Foreign exchange		Non-cash adjustments			Cash payments			Accrued balance at January 31, 2017
Severance	$	631	$	174	$	(78	)	$	(649	)	$	78
Occupancy charges		359		129		(2	)		(156	)		330
Total	$	990	$	303	$	(80	)	$	(805	)	$	408

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Other Charges

12 Months Ended

Jan. 31, 2017

Operating Expenses [Abstract]

Other Charges

NOTE 20 – OTHER CHARGES

During the first quarter of fiscal 2017, the Company recorded $1.8 million in compensation related expenses in the United States location of the Wholesale segment associated with the retirement of the Company’s former Vice Chairman and Chief Operating Officer. The Company substantially completed all of the payments related to this charge as of January 31, 2017.

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Subsequent Event

12 Months Ended

Jan. 31, 2017

Subsequent Events [Abstract]

Subsequent Event

NOTE 21 – SUBSEQUENT EVENT

On March 20, 2017, the Company announced cost savings initiatives to better align its global infrastructure with the current business environment by consolidating certain operations and streamlining functions to reduce costs and improve profitability. The cost savings initiatives include a reduction in the Company’s workforce predominantly impacting the Company’s North American and Swiss operations. The Company expects to realize approximately $12.0 million of savings in fiscal 2018 and estimates approximately $15.0 million in on-going annual pre-tax savings from these initiatives, with the majority being in general and administrative expenses. The Company expects to record a pre-tax charge in connection with the completion of these initiatives in a range of approximately $7.0 to $10.0 million predominantly in the first quarter of fiscal 2018 with the balance throughout the remainder of the fiscal year.

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Valuation and Qualifying Accounts

12 Months Ended

Jan. 31, 2017

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, 2017:
Doubtful accounts	$	4,274	$	1,739	$	52		$	(566	)	$	5,499
Returns		10,856		30,075		10			(29,293	)		11,648
Other sales allowances		4,179		8,749		(19	)		(8,950	)		3,959
Total	$	19,309	$	40,563	$	43		$	(38,809	)	$	21,106
Year ended January 31, 2016:
Doubtful accounts	$	3,247	$	2,251	$	(190	)	$	(1,034	)	$	4,274
Returns		8,736		27,433		(147	)		(25,166	)		10,856
Other sales allowances		5,068		6,459		(65	)		(7,283	)		4,179
Total	$	17,051	$	36,143	$	(402	)	$	(33,483	)	$	19,309
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

Description	Balance at beginning of year		Net provision charged to operations		Currency revaluation			Adjustments			Balance at end of year
Year ended January 31, 2017:
Deferred tax asset valuation (1)	$	8,089	$	716	$	100		$	(191	)	$	8,714
Year ended January 31, 2016:
Deferred tax asset valuation (2)	$	8,307	$	986	$	(636	)	$	(568	)	$	8,089
Year ended January 31, 2015:
Deferred tax asset valuation (3)	$	7,798	$	1,281	$	(801	)	$	29		$	8,307

(1)     The detail of adjustments is as follows:				(2)     The detail of adjustments is as follows:
Prior year adjustments	$	89		Prior year adjustments	$	177
Reversal due to legal entity elimination		(280	)	Expired tax losses		(745	)
	$	(191	)		$	(568	)

(3)     The detail of adjustments is as follows:
Prior year adjustments and tax rate changes	$	29

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Significant Accounting Policies (Policies)

12 Months Ended

Jan. 31, 2017

Accounting Policies [Abstract]

Organization and Business

Organization and Business

Movado Group, Inc. (together with its subsidiaries, the “Company”) designs, sources, markets and distributes quality watches with prominent brands in almost every price category comprising the watch industry. In fiscal 2017, the Company marketed nine distinct brands of watches: Coach, Concord, Ebel, Scuderia Ferrari, HUGO BOSS, Juicy Couture, Lacoste, Movado, and Tommy Hilfiger.

Movado (with the exception of certain Movado collections, including Movado BOLD), Ebel and Concord watches are manufactured in Switzerland by independent third party assemblers and are manufactured using Swiss movements. All of the Company’s products are manufactured using components obtained from third party suppliers. Certain Movado collections of watches, including Movado BOLD, are manufactured by independent contractors in Asia using Swiss movements. Coach, Tommy Hilfiger, HUGO BOSS, Juicy Couture, Lacoste and Scuderia Ferrari watches are manufactured by independent contractors in Asia.

In addition to its sales to trade customers and independent distributors, the Company also operates retail outlet locations throughout the United States, through which it sells discontinued models and factory seconds of all of the Company’s watches.

Principles of Consolidation

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Intercompany transactions and balances have been eliminated.

Use of Estimates in the Preparation of Financial Statements

Use of Estimates in the Preparation of Financial Statements

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. The Company uses estimates when accounting for sales discounts, returns, allowances and incentives, warranties, income taxes, depreciation, amortization, inventory write-downs, stock-based compensation, contingencies, impairments and asset and liability valuations.

Translation of Foreign Currency Financial Statements and Foreign Currency Transactions

Translation of Foreign Currency Financial Statements and Foreign Currency Transactions

The financial statements of the Company’s international subsidiaries have been translated into United States dollars by translating balance sheet accounts at year-end exchange rates and statement of operations accounts at average exchange rates for the year. Foreign currency transaction gains and losses are charged or credited to earnings as incurred. Foreign currency translation gains and losses are reflected in the equity section of the Company’s consolidated balance sheets in Accumulated Other Comprehensive Income. The balance of the foreign currency translation adjustment, included in Accumulated Other Comprehensive Income, was $76.6 million and $68.3 million as of January 31, 2017 and 2016, respectively.

Cash and Cash Equivalents

Cash and Cash Equivalents

Cash equivalents include all highly liquid investments with original maturities at date of purchase of three months or less.

Trade Receivables

Trade Receivables

Trade receivables as shown on the consolidated balance sheets are net of various allowances. The allowance for doubtful accounts is determined through an analysis of the aging of accounts receivable, assessments of collectability based on historical trends, the financial condition of the Company’s customers and an evaluation of economic conditions. The Company writes off uncollectible trade receivables once collection efforts have been exhausted and third parties confirm the balance is not recoverable.

The Company’s trade customers include department stores, jewelry store chains and independent jewelers. All of the Company’s watch brands, except ESQ Movado, are also marketed outside the U.S. through a network of independent distributors. Accounts receivable are stated net of doubtful accounts, returns and allowances of $18.9 million (additionally $2.2 million of allowances were recorded in non-current assets), $17.7 million (additionally $1.6 million of allowances were recorded in non-current assets) and $16.6 million (additionally $0.5 million of allowances were recorded in non-current assets) at January 31, 2017, 2016 and 2015, respectively. Accounts receivable are also stated net of co-operative advertising allowances of $7.8 million, $9.8 million, and $13.2 million at January 31, 2017, 2016, and 2015, respectively. Co-operative advertising allowances are credits taken by the customer at a future date on previously executed co-operative advertising.   

The Company’s concentrations of credit risk arise primarily from accounts receivable related to trade customers during the peak selling seasons. The Company has significant accounts receivable balances due from major national chain and department stores. The Company’s results of operations could be materially adversely affected in the event any of these customers or a group of these customers defaulted on all or a significant portion of their obligations to the Company as a result of financial difficulties. As of January 31, 2017, except for those accounts provided for in the reserve for doubtful accounts, the Company knew of no situations with any of the Company’s major customers which would indicate any such customer’s inability to make its required payments.

In fiscal 2017, sales to Signet Jewelers Limited, and their respective affiliates, represented approximately 11.6% of the Company’s total net sales, and approximately 13.3% of the Company’s net sales in the Wholesale segment.  

Inventories

Inventories

The Company values its inventory at the lower of cost or market. Cost is determined using the average cost method. The Company performs reviews of its on-hand inventory to determine amounts, if any, of inventory that is deemed discontinued, excess, or unsaleable. Inventory classified as discontinued, together with the related component parts which can be assembled into saleable finished goods, is sold primarily through the Company’s outlet stores. When management determines that finished product is unsaleable, could not be sold at net realizable value or that it is economically impractical to build the excess components into watches for sale, a charge is recorded to value those products and components at the lower of cost or market.

Property, Plant and Equipment

Property, Plant and Equipment

Property, plant and equipment are stated at cost less accumulated depreciation. Depreciation of buildings is provided using the straight-line method based on the useful life of 40 years. Depreciation of furniture and equipment is provided using the straight-line method based on the estimated useful lives of assets, which range from four to ten years. Computer software is amortized using the straight-line method over the useful life of five to ten years. Leasehold improvements are amortized using the straight-line method over the lesser of the term of the lease or the estimated useful life of the leasehold improvement. Design fees and tooling costs are amortized using the straight-line method based on the useful life of three years. Upon the disposition of property, plant and equipment, the accumulated depreciation is deducted from the original cost and any gain or loss is reflected in current earnings.

Intangibles

Intangibles

Intangible assets consist primarily of trademarks and developed technology and are recorded at cost. Trademarks and developed technology are amortized over a range from three to ten years. At January 31, 2017 and 2016, intangible assets at cost were $8.1 million and $7.9 million, respectively, and related accumulated amortization of intangibles was $6.8 million and $6.4 million, respectively. Amortization expense for fiscal 2017, 2016 and 2015 was $0.4 million, $0.3 million and $0.3 million, respectively.  

Long-Lived Assets

Long-Lived Assets

The Company periodically reviews the estimated useful lives of its property, plant and equipment and intangible assets based on factors including historical experience, the expected beneficial service period of the asset, the quality and durability of the asset and the Company’s maintenance policy including periodic upgrades. Changes in useful lives are made on a prospective basis unless factors indicate the carrying amounts of the assets may not be recoverable and an impairment write-down is necessary.

The Company performs an impairment review of its long-lived assets once events or changes in circumstances indicate, in management’s judgment, that the carrying value of such assets may not be recoverable. When such a determination has been made, management compares the carrying value of the asset groups with their estimated future undiscounted cash flows. If it is determined that an impairment has occurred, the loss is recognized during that period. The impairment is calculated as the difference between asset carrying values and the fair value of the long-lived assets.

Deferred Rent Obligations and Contributions from Landlords

Deferred Rent Obligations and Contributions from Landlords

The Company accounts for rent expense under non-cancelable operating leases with scheduled rent increases on a straight-line basis over the lease term. The excess of straight-line rent expense over scheduled payments is recorded as a deferred liability. In addition, the Company receives build out contributions from landlords primarily as an incentive for the Company to lease retail store space from the landlords. This is also recorded as a deferred liability. Such amounts are amortized as a reduction of rent expense over the life of the related lease.

Capitalized Software Costs

Capitalized Software Costs

The Company capitalizes certain computer software costs after technological feasibility has been established. The costs are amortized utilizing the straight-line method over the economic lives of the related products ranging from two to ten years.

Derivative Financial Instruments

Derivative Financial Instruments

The Company accounts for its derivative financial instruments in accordance with the accounting guidance which requires that an entity recognize all derivatives as either assets or liabilities in the statement of financial position and measure those instruments at fair value. A significant portion of the Company’s purchases are denominated in Swiss francs. The Company also sells to third-party customers in a variety of foreign currencies, most notably the Euro and the British Pound. The Company reduces its exposure to the Swiss franc, Euro and British Pound exchange rate risks through a hedging program. Under the hedging program, the Company manages most of its foreign currency exposures on a consolidated basis, which allows it to net certain exposures and take advantage of natural offsets. In the event these exposures do not offset, the Company uses forward contracts to further reduce the net exposures to currency fluctuations. When entered into, the Company designates and documents these derivative instruments as a cash flow hedge of a specific underlying exposure, as well as the risk management objectives and strategies for undertaking the hedge transactions. Changes in the fair value of a derivative that is designated and documented as a cash flow hedge and is highly effective, are recorded in other comprehensive income until the underlying transaction affects earnings, and then are later reclassified into earnings in the same account as the hedged transaction. The earnings impact is mostly offset by the effects of currency movements on the underlying hedged transactions. The Company formally assesses, both at the inception and at each financial quarter thereafter, the effectiveness of the derivative instrument hedging the underlying forecasted cash flow transaction. The Company does not exclude any designated cash flow hedges from its effectiveness testing. Any ineffectiveness related to the derivative financial instruments’ change in fair value will be recognized as other income in the Consolidated Statements of Operations in the period in which the ineffectiveness was calculated.

The Company uses forward exchange contracts to offset its exposure to certain foreign currency receivables and liabilities. These forward contracts are not designated as qualified hedges and, therefore, changes in the fair value of these derivatives are recognized in earnings in the period they arise, thereby offsetting the current earnings effect resulting from the revaluation of the related foreign currency receivables and liabilities.

All of the Company’s derivative instruments have liquid markets to assess fair value. The Company does not enter into any derivative instruments for trading purposes.

Revenue Recognition

Revenue Recognition

In the Wholesale segment, the Company recognizes its revenues upon transfer of title and risk of loss in accordance with its FOB shipping point terms of sale and after the sales price is fixed and determinable and collectability is reasonably assured. In the Retail segment, transfer of title and risk of loss occurs at the time of register receipt. The Company records estimates for sales returns, volume-based programs and sales and cash discount allowances as a reduction of revenue in the same period that the sales are recorded. These estimates are based upon historical analysis, customer agreements and/or currently known factors that arise in the normal course of business. While returns have historically been within the Company’s expectations and the provisions established, future return rates may differ from those experienced in the past. Taxes imposed by governmental authorities on the Company's revenue-producing activities with customers, such as sales taxes and value added taxes, are excluded from net sales.

During the fourth quarter of fiscal 2016, the Company announced the launch of two distinct smart watch collections with iOS and Android compatible software apps: Movado Motion and Movado’s BOLD Motion. During the first quarter of fiscal 2017, the Company announced the expansion of its use of smartwatch technology to its licensed brands portfolio, including Coach, HUGO BOSS, Lacoste, Juicy Couture, Tommy Hilfiger, and Scuderia Ferrari. Smart watches contain hardware and software components. Software components consist of both firmware embedded in the physical watch as well as an app that will run on iOS and Android mobile devices. The hardware and software components function together to deliver the watches’ essential functionality. As typical with numerous consumer products containing embedded or companion software, updates to the software will be provided from time to time, when and if available. Updates are generally limited to bug fixes or enhancements that incrementally improve on the existing functionality. Arrangements, including those that combine hardware (watch) with software that function together to deliver the watch’s essential functionality, are considered multiple element arrangements and are subject to the accounting principles applicable to such arrangements.

For multiple element arrangements that include smart watches containing software essential to the smart watch’s functionality and undelivered software elements (cloud service updates and app upgrades) that relate to the smart watch’s essential software, the Company allocates revenue to all deliverables based on their relative selling prices. In such circumstances, the accounting principles establish a hierarchy to determine the selling price to be used for allocating revenue to deliverables as follows: (i) vendor-specific objective evidence of fair value (VSOE), (ii) third-party evidence of selling price (TPE), and (iii) best estimate of the selling price (ESP). Because the Company has neither VSOE nor TPE for the software elements, revenue is allocated to these rights and services based on the Company’s ESPs. ESPs for the software elements reflect the Company’s best estimate of the selling prices if they were sold regularly on a stand-alone basis.

The Company has identified multiple deliverables contained in its smart watch collections. The first deliverable is the watch along with the software essential to the functionality of the watch delivered at the time of sale. The second deliverable is the software included free of charge that enables users to sync and view data on the Company’s mobile app. The third deliverable is the embedded right included with the purchase to receive unspecified firmware and software upgrades, when and if available. The Company allocates revenue to all deliverables using the relative selling price method. Amounts allocated to the delivered smart watch collections and the related essential software are recognized at the time of sale, provided the other conditions for revenue recognition have been met. Amounts allocated to the cloud service and app updates are deferred and recognized on a straight-line basis over the estimated two year period the updates are expected to be provided. During the fourth quarter of fiscal 2016, the Company launched its first smart watch collections, followed by additional smart watch launches during fiscal 2017. The smart watches were available in limited quantities and in limited distribution, and, as a result, these deferred amounts were immaterial as of January 31, 2017 and January 31, 2016.

Cost of Sales

Cost of Sales

Cost of sales of the Company’s products consist primarily of costs for raw materials, component costs, royalties, depreciation, amortization, assembly costs, design costs and unit overhead costs associated with the Company’s supply chain operations in Switzerland and Asia. The Company’s supply chain operations consist of logistics management of assembly operations and product sourcing in Switzerland and Asia and minor assembly in Switzerland.

Since a substantial amount of the Company’s product costs are incurred in Swiss francs, fluctuations in the U.S. dollar/Swiss franc exchange rate can impact the Company’s cost of goods sold and, therefore, its gross margins. The Company reduces its exposure to the Swiss franc exchange rate risk through a hedging program. Under the hedging program, the Company manages most of its foreign currency exposures on a consolidated basis, which allows it to net certain exposures and take advantage of natural offsets. In the event these exposures do not offset, the Company has the ability to hedge its Swiss franc purchases using a combination of forward contracts and purchased currency options.

Selling, General and Administrative ("SG&A") Expenses

Selling, General and Administrative (“SG&A”) Expenses

The Company’s SG&A expenses consist primarily of marketing, selling, distribution, general and administrative expenses.

Marketing expenditures are based principally on overall strategic considerations relative to maintaining or increasing market share in markets that management considers to be crucial to the Company’s continued success as well as on general economic conditions in the various markets around the world in which the Company sells its products. Marketing expenses include salaries, various forms of media advertising, digital advertising and co-operative advertising with customers and distributors and other point of sale marketing and promotion spending.

Selling expenses consist primarily of salaries, sales commissions, sales force travel and related expenses, depreciation and amortization, expenses associated with Baselworld Watch and Jewelry Show, the annual watch and jewelry trade show, and other industry trade shows and operating costs incurred in connection with the Company’s retail business. Sales commissions vary with overall sales levels. Retail selling expenses consist primarily of payroll and related expenses and store occupancy costs.

Distribution expenses consist primarily of salaries of distribution staff, rental and other occupancy costs, security, depreciation and amortization of furniture and leasehold improvements and shipping supplies.

General and administrative expenses consist primarily of salaries and other employee compensation including performance based compensation, employee benefit plan costs, office rent, management information systems costs, professional fees, bad debts, depreciation and amortization of furniture, computer software and leasehold improvements, patent and trademark expenses and various other general corporate expenses.

Warranty Costs

Warranty Costs

All watches sold by the Company come with limited warranties covering the movement against defects in material and workmanship for periods ranging from two to three years from the date of purchase, with the exception of Tommy Hilfiger watches, for which the warranty period is ten years. In addition, the warranty period is five years for the gold plating for Movado watch cases and bracelets. When changes in warranty costs are experienced, the Company will adjust the warranty liability as required. The Company records an estimate for future warranty costs based on historical repair costs. Warranty costs have historically been within the Company’s expectations and the provisions established.

Warranty liability for the fiscal years ended January 31, 2017, 2016 and 2015 was as follows (in thousands):

	2017			2016			2015
Balance, beginning of year	$	2,556		$	2,710		$	2,660
Provision charged to operations		2,092			1,630			2,710
Settlements made		(1,920	)		(1,784	)		(2,660	)
Balance, end of year	$	2,728		$	2,556		$	2,710

Pre-opening Costs

Pre-opening Costs

Costs associated with the opening of retail stores are expensed in the period incurred.

Marketing

Marketing

The Company expenses the production costs of an advertising campaign at the commencement date of the advertising campaign. Included in marketing expenses are costs associated with co-operative advertising, media advertising, digital advertising, production costs and costs of point of sale materials and displays. These costs are recorded as SG&A expenses. The Company participates in co-operative advertising programs on a voluntary basis and receives a “separately identifiable benefit in exchange for the consideration.” Since the amount of consideration paid to the retailer does not exceed the fair value of the benefit received by the Company, these costs are recorded as SG&A expenses as opposed to being recorded as a reduction of revenue. Marketing expense for fiscal 2017, 2016 and 2015 was $75.7 million, $77.6 million and $74.9 million, respectively.

Included in other current assets in the consolidated balance sheets as of January 31, 2017 and 2016 are prepaid advertising costs of $0.5 million and $0.5 million, respectively. These prepaid costs represent advertising costs paid to licensors in advance, pursuant to the Company’s licensing agreements and sponsorships.

Shipping and Handling Costs

Shipping and Handling Costs

Amounts charged to customers for shipping and handling were $1.9 million, $2.2 million and $2.4 million for fiscal years 2017, 2016 and 2015, respectively. The costs related to shipping and handling were $5.6 million, $6.5 million and $6.3 million for fiscal years 2017, 2016 and 2015, respectively. These amounts incurred by the Company related to shipping and handling are included in net sales and cost of goods sold.

Collaborative Arrangement

Collaborative Arrangement

The Company from time to time participates in collaborative arrangements. These types of arrangements typically involve one (or more) parties who are active participants in the collaboration and are exposed to significant risks and rewards dependent on the commercial success of the activities. These arrangements usually involve various activities by one or more parties, including design, development, distribution and marketing. Amounts due between partners in the arrangement related to sales and related activities are generally recorded in the Company’s cost of sales while general and administrative activities are recorded as an adjustment to selling, general and administrative expenses.

Income Taxes

Income Taxes

The Company follows the asset and liability method of accounting for income taxes under which deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax laws and tax rates, in each jurisdiction where the Company operates, and applied to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities due to a change in tax rates is recognized in income in the period that includes the enactment date. In addition, the amounts of any future tax benefits are reduced by a valuation allowance to the extent such benefits are not expected to be realized on a more-likely-than-not basis. The Company calculates estimated income taxes in each of the jurisdictions in which it operates. This process involves estimating actual current tax expense along with assessing temporary differences resulting from differing treatment of items for both book and tax purposes.

The Company follows guidance for accounting for uncertainty in income taxes. This guidance clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement standard for the financial statement recognition and measurement of an income tax position taken or expected to be taken in a tax return. This guidance also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosures and transitions.

Earnings Per Share

Earnings Per Share

The Company presents net income per share on a basic and diluted basis. Basic earnings per share is computed using weighted-average shares outstanding during the period. Diluted earnings per share is computed using the weighted-average number of shares outstanding adjusted for dilutive common stock equivalents.

The weighted-average number of shares outstanding for basic earnings per share were approximately 23,070,000, 23,525,000 and 25,276,000 for fiscal 2017, 2016 and 2015, respectively. For the fiscal years ended January 31, 2017, 2016 and 2015, the number of shares outstanding for diluted earnings per share were approximately 23,267,000, 23,774,000 and 25,581,000, respectively. For the fiscal years ended January 31, 2017, 2016 and 2015, the number of shares outstanding for diluted earnings per share included approximately 197,000, 249,000 and 305,000 due to potentially dilutive common stock equivalents issuable under the Company’s stock compensation plans.

For the fiscal years ended January 31, 2017, 2016 and 2015 approximately 785,000, 637,000 and 102,000, respectively, of potentially dilutive common stock equivalents were excluded from the computation of diluted earnings per share because their effect would have been antidilutive.

Stock-Based Compensation

Stock-Based Compensation

Under the accounting guidance for share-based payments, the Company utilizes the Black-Scholes option-pricing model which requires that certain assumptions be made to calculate the fair value of each option at the grant date. The expected life of stock option grants is determined using historical data and represents the time period during which the stock option is expected to be outstanding until it is exercised. The risk free interest rate is the yield on the grant date of U.S. Treasury constant maturities with a maturity date closest to the expected life of the stock option. The expected stock price volatility is derived from historical volatility and calculated based on the estimated term structure of the stock option grant. The expected dividend yield is calculated using the Company’s historical average of annualized dividend yields and applied over the expected term of the option.

Compensation expense for equity instruments is accrued based on the estimated number of instruments for which the requisite service is expected to be rendered and expensed on a straight-line basis over the vesting term.

Accounting Changes and Recent Accounting Pronouncements

On April 15, 2015, FASB issued ASU 2015-05, “Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement.” The amendments in this update provide guidance to customers about whether a cloud computing arrangement includes a software license. Under application of this guidance, if a cloud computing arrangement includes a software license, the update specifies that the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. A customer should account for a cloud computing arrangement as a service contract if the arrangement does not include a software license. The Company prospectively adopted the provisions of ASU 2015-05 during the first quarter of fiscal 2017, which had no material impact on the Company’s financial position, results of operations or cash flows.

On January 5, 2017, FASB issued ASU 2017-01, “Business Combinations: Clarifying the Definition of a Business,” which clarifies the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, with early adoption permitted. This standard will not have a material impact on the Company’s consolidated results of operations or financial position.

On November 17, 2016, FASB issued ASU 2016-18, “Statement of Cash Flows: Restricted Cash,” which addresses diversity in practice that exists in the classification and presentation of changes in restricted cash and requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. The guidance is effective retrospectively for fiscal years and interim periods within those years beginning after December 15, 2017. The Company has evaluated the effect of adopting this pronouncement, and plans to adopt the provisions of ASU 2016-18 retrospectively during the first quarter of fiscal 2019. Adopting this pronouncement will affect the presentation of restricted cash on the Company’s Statements of Cash Flows.

On October 24, 2016, FASB issued ASU 2016-16, “Accounting for Income Taxes: Intra-Entity Asset Transfers of Assets Other than Inventory,” which requires the tax effects of intercompany transactions to be recognized currently. The guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, with early adoption permitted. The Company is evaluating the effect of adopting this pronouncement, but the adoption is not expected to have a material impact on the Company’s consolidated financial statements.

On August 26, 2016, FASB issued ASU 2016-15, “Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments,” which clarifies how certain cash receipts and cash payments are presented in the statement of cash flows. The guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, with early adoption permitted. The Company is evaluating the effect of adopting this pronouncement, but the adoption is not expected to have a material impact on the Company’s consolidated financial statements.

On March 30, 2016, FASB issued ASU 2016-09, “Improvements to Employee Share-Based Payment Accounting,” which amends accounting for income taxes related to share-based compensation, the related classification in the statement of cash flows and share award forfeiture accounting. For public companies, the standard will be effective for the first interim reporting period within annual periods beginning after December 15, 2016, although early adoption is permitted. The Company will adopt this guidance beginning in the first quarter of fiscal 2018. The Company will apply the change in the presentation on the cash flow statement retrospectively. In addition, the guidance allows for a policy election to account for forfeitures as they occur and the Company will continue to apply its policy of estimating forfeiture rates. The impact on the Company’s financial statements will be dependent on the timing of award vesting or exercises, the tax rate and the intrinsic value when awards vest or are exercised.

On February 25, 2016, FASB issued ASU 2016-02, “Leases,” which requires lessees to recognize most leases on the balance sheet. This change is expected to increase both reported assets and liabilities. The new lease standard does not substantially change lessor accounting. For public companies, the standard will be effective for the first interim reporting period within annual periods beginning after December 15, 2018, although early adoption is permitted. Lessees and lessors will be required to apply the new standard at the beginning of the earliest period presented in the financial statements in which they first apply the new guidance, using a modified retrospective transition method. The requirements of this standard include a significant increase in required disclosures. The Company is analyzing the impact of the adoption of this guidance on the Company’s consolidated financial statements, including assessing changes that might be necessary to information technology systems, processes and internal controls to capture new data and address changes in financial reporting.

On January 5, 2016, FASB issued ASU 2016-01, “Financial Instruments: Recognition and Measurement of Financial Assets and Financial Liabilities,” which enhances the reporting model for financial instruments and includes amendments to address aspects of recognition, measurement, presentation and disclosure. For public companies, the amendment is effective for annual periods beginning after December 15, 2017. Early adoption is permitted for only certain portions of the new guidance. The Company is evaluating the impact of the adoption of this guidance on the Company’s consolidated financial statements.

On July 22, 2015, FASB issued ASU 2015-11, “Inventory: Simplifying the Measurement of Inventory,” which affects reporting entities that measure inventory using first-in, first-out or average cost. Specifically, the guidance requires that inventory be measured at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable cost of completion, disposal, and transportation. The guidance is effective for annual periods beginning after December 15, 2016, with early adoption permitted. The Company is evaluating the effect of adopting this pronouncement, but the adoption will not have a material impact on the Company’s consolidated financial statements.

On May 28, 2014, FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” This pronouncement affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards (for example, insurance contracts or lease contracts). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In July 2015, FASB deferred the effective date of the guidance. The new revenue standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017 and allows either a full retrospective adoption to all periods presented or a modified retrospective adoption approach with the cumulative effect of initial application of the revised guidance recognized at the date of initial application. Early adoption is permitted for periods beginning after December 15, 2016. On March 30, 2016, FASB issued ASU 2016-08, “Revenue from Contracts with Customers (Principal versus Agent Considerations),” to clarify the implementation guidance on principal versus agent considerations. On April 14, 2016, FASB issued ASU 2016-10, “Revenue from Contracts with Customers (Identifying Performance Obligations and Licensing),” to clarify the implementation guidance on identifying performance obligations and accounting for licenses of intellectual property. On May 9, 2016, FASB issued ASU 2016-12, “Revenue from Contracts with Customers (Narrow-Scope Improvements and Practical Expedients),” to clarify the implementation guidance on assessing collectability, presentation of sales taxes, noncash consideration and completed contracts and contract modifications at transition. The Company is assessing the impact of the guidance on its customer agreements by reviewing its current accounting policies and practices to identify potential differences that would result from applying the new requirements to its existing agreements, including evaluation of its performance obligations, return policy, customer payments and principal versus agent consideration. The Company will continue evaluating the impact, if any, on changes to the business processes, systems and controls to support recognition and disclosure under the new guidance. The Company is still evaluating the impact of the adoption of this guidance on the Company’s consolidated financial statements. The Company expects to adopt the new guidance in the beginning of fiscal 2019.

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Significant Accounting Policies (Tables)

12 Months Ended

Jan. 31, 2017

Accounting Policies [Abstract]

Schedule of Warranty Liability

Warranty liability for the fiscal years ended January 31, 2017, 2016 and 2015 was as follows (in thousands):

	2017			2016			2015
Balance, beginning of year	$	2,556		$	2,710		$	2,660
Provision charged to operations		2,092			1,630			2,710
Settlements made		(1,920	)		(1,784	)		(2,660	)
Balance, end of year	$	2,728		$	2,556		$	2,710

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Inventories (Tables)

12 Months Ended

Jan. 31, 2017

Inventory Disclosure [Abstract]

Components of Inventories

Inventories consisted of the following (in thousands):

	As of January 31,
	2017		2016
Finished goods	$	112,297	$	117,627
Component parts		38,482		41,041
Work-in-process		2,388		3,797
	$	153,167	$	162,465

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Property, Plant and Equipment (Tables)

12 Months Ended

Jan. 31, 2017

Property Plant And Equipment [Abstract]

Schedule of Property, Plant and Equipment

Property, plant and equipment, at cost, consisted of the following (in thousands):

	As of January 31,
	2017			2016
Land and buildings	$	1,490		$	1,574
Furniture and equipment		59,163			58,617
Computer software		32,077			31,747
Leasehold improvements		32,307			31,646
Design fees and tooling costs		1,787			1,399
		126,824			124,983
Less: accumulated depreciation		(92,651	)		(86,430	)
	$	34,173		$	38,553

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Derivative Financial Instruments (Tables)

12 Months Ended

Jan. 31, 2017

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Fair Value and Presentation of Derivatives

The following table summarizes the fair value and presentation in the Consolidated Balance Sheets for derivatives as of January 31, 2017 and 2016 (in thousands):

	Asset Derivatives					Liability Derivatives
	Balance Sheet Location	2017 Fair Value		2016 Fair Value		Balance Sheet Location	2017 Fair Value		2016 Fair Value
Derivatives not designated as hedging instruments:
Foreign Exchange Contracts	Other Current Assets	$	145	$	1	Accrued Liabilities	$	211	$	1,163
Total Derivative Instruments		$	145	$	1		$	211	$	1,163

	Asset Derivatives					Liability Derivatives
	Balance Sheet Location	2017 Fair Value		2016 Fair Value		Balance Sheet Location	2017 Fair Value		2016 Fair Value
Derivatives designated as hedging instruments:
Foreign Exchange Contracts	Other Current Assets	$	—	$	63	Accrued Liabilities	$	—	$	—
Total Derivative Instruments		$	—	$	63		$	—	$	—

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Fair Value Measurements (Tables)

12 Months Ended

Jan. 31, 2017

Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]

Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of January 31, 2017 and 2016 (in thousands):

		Fair Value at January 31, 2017
	Balance Sheet Location	Level 1		Level 2		Level 3		Total
Assets:
Available-for-sale securities	Other current assets	$	309	$	—	$	—	$	309
Short-term investment	Other current assets		154		—		—		154
SERP assets - employer	Other non-current assets		1,091		—		—		1,091
SERP assets - employee	Other non-current assets		30,831		—		—		30,831
Hedge derivatives	Other current assets		—		145		—		145
Total		$	32,385	$	145	$	—	$	32,530
Liabilities:
SERP liabilities - employee	Other non-current liabilities	$	30,831	$	—	$	—	$	30,831
Hedge derivatives	Accrued liabilities		—		211		—		211
Total		$	30,831	$	211	$	—	$	31,042

		Fair Value at January 31, 2016
	Balance Sheet Location	Level 1		Level 2		Level 3		Total
Assets:
Available-for-sale securities	Other current assets	$	268	$	—	$	—	$	268
SERP assets - employer	Other non-current assets		1,168		—		—		1,168
SERP assets - employee	Other non-current assets		24,853		—		—		24,853
Hedge derivatives	Other current assets		—		64		—		64
Total		$	26,289	$	64	$	—	$	26,353
Liabilities:
SERP liabilities - employee	Other non-current liabilities	$	24,853	$	—	$	—	$	24,853
Hedge derivatives	Accrued liabilities		—		1,163		—		1,163
Total		$	24,853	$	1,163	$	—	$	26,016

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Income Taxes (Tables)

12 Months Ended

Jan. 31, 2017

Income Tax Disclosure [Abstract]

Schedule of Income before Provision for Income Taxes

Income before provision for income taxes on a legal entity basis consists of the following (in thousands):

	2017		2016		2015
U.S. income before taxes	$	26,299	$	44,384	$	34,099
Non-U.S. income before taxes		25,155		24,741		37,065
Income before income taxes	$	51,454	$	69,125	$	71,164

Schedule of Income Taxes Provision for Continuing Operations

The provision for income taxes for the fiscal years ended January 31, 2017, 2016 and 2015 consists of the following components (in thousands):

	2017			2016			2015
Current:
U.S. Federal	$	14,079		$	17,776		$	8,412
U.S. State and Local		1,117			1,434			770
Non-U.S.		5,091			5,291			3,945
		20,287			24,501			13,127
Deferred:
U.S. Federal		(4,231	)		(1,995	)		3,763
U.S. State and Local		(167	)		(228	)		420
Non-U.S.		426			1,082			1,954
		(3,972	)		(1,141	)		6,137
Provision for income taxes	$	16,315		$	23,360		$	19,264

Schedule of Significant Components of Deferred Income Tax Assets and Liabilities

Significant components of the Company’s deferred income tax assets and liabilities as of January 31, 2017 and 2016 are as follows (in thousands):

	2017 Deferred Taxes					2016 Deferred Taxes
	Assets			Liabilities		Assets			Liabilities
Net operating loss carryforwards	$	10,516		$	—	$	9,182		$	—
Inventory		3,782			—		3,103			—
Unprocessed returns		1,200			—		1,538			—
Receivables allowances		1,151			—		847			—
Deferred compensation		18,955			—		16,286			—
Unrepatriated earnings		—			2,956		—			2,877
Capital loss carryforwards		389					216			—
Depreciation/amortization		—			1,245		—			1,234
Other provisions/accruals		207			—		200			—
Miscellaneous		955			—		992			—
		37,155			4,201		32,364			4,111
Valuation allowance		(8,714	)		—		(8,089	)		—
Total deferred tax assets and liabilities	$	28,441		$	4,201	$	24,275		$	4,111

Schedule of Income Taxes Provision for Continuing Operations by Applying U.S. Federal Statutory Rate

The provision for income taxes differs from the U.S. federal statutory rate due to the following (in thousands):

	Fiscal Year Ended January 31,
	2017			2016			2015
Provision for income taxes at the U.S. statutory rate	$	18,009		$	24,194		$	24,906
Lower effective non-U.S. income tax rate		(4,725	)		(4,463	)		(7,257	)
Change in valuation allowance		828			986			1,298
U.S. tax provided on earnings of non-U.S. subsidiaries		541			1,029			639
Change in liabilities for uncertain tax positions, net		215			(98	)		179
State and local taxes, net of federal benefit		617			1,234			693
(Benefit) provided on intercompany transactions		—			—			(1,652	)
Other, net		830			478			458
Total provision for income taxes	$	16,315		$	23,360		$	19,264

Schedule of Reconciliation of Beginning and Ending Amounts of Gross Unrecognized Tax Benefits

A reconciliation of the beginning and ending amounts of gross unrecognized tax benefits (exclusive of interest) for the fiscal years ended January 31, 2017, 2016 and 2015 are as follows (in thousands):

	2017			2016			2015
Beginning balance	$	2,481		$	2,657		$	2,740
Additions for tax positions taken in the current year		142			175			128
Lapse of statute of limitations		—			(311	)		(34	)
Non U.S. currency exchange fluctuations		(4	)		(40	)		(177	)
Ending balance	$	2,619		$	2,481		$	2,657

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Leases (Tables)

12 Months Ended

Jan. 31, 2017

Leases [Abstract]

Schedule of Minimum Annual Rentals under Noncancelable Operating Leases

Minimum annual rentals under noncancelable operating leases as of January 31, 2017, excluding real estate taxes and operating costs, are as follows (in thousands):

Fiscal Year Ending January 31,
2018	$	13,097
2019		9,013
2020		5,301
2021		3,558
2022		3,282
Thereafter		13,288
	$	47,539

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Stock-Based Compensation (Tables)

12 Months Ended

Jan. 31, 2017

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Schedule of Transactions for Stock Options Under Plan

Transactions for stock options under the Plan since fiscal 2014 are summarized as follows:

	Outstanding Options			Weighted- Average Exercise Price
January 31, 2014		599,406		$	26.24
Options granted		116,880		$	41.71
Options exercised		(86,066	)	$	19.75
Options cancelled		(14,000	)	$	26.59
January 31, 2015		616,220		$	30.08
Options granted		126,880		$	30.36
Options exercised		(28,450	)	$	21.49
Options cancelled		(15,050	)	$	33.32
January 31, 2016		699,600		$	30.41
Options granted		200,346		$	26.97
Options exercised		(40,588	)	$	25.68
Options cancelled		—		$	—
January 31, 2017		859,358		$	29.83

Schedule of Outstanding and Exercisable Stock Options

The following table summarizes outstanding and exercisable stock options as of January 31, 2017:

Range of Exercise Prices	Number Outstanding		Weighted- Average Remaining ContractualLife (years)		Weighted- AverageExercise Price		Number Exercisable		Weighted- AverageExercise Price
$21.03 -   $24.02		93,750		3.4	$	22.09		68,750	$	22.29
$24.03 -   $27.02		183,612		5.2	$	26.59		183,612	$	26.59
$27.03 -   $30.02		175,346		9.2	$	27.74		—	$	—
$30.03 -   $33.02		293,570		5.6	$	30.98		196,040	$	31.28
$33.03 -   $42.02		29,780		7.4	$	40.52		19,853	$	40.52
$42.03 -   $45.02		83,300		7.2	$	42.12		14,000	$	42.12
		859,358		5.7	$	29.83		482,255	$	28.91

Schedule of Transactions for Restricted Stock Units Under Plan

Transactions for stock award units under the Plan since fiscal 2014 are summarized as follows:

	Number of Stock Award Units			Weighted- Average Grant Date Fair Value
January 31, 2014		303,170		$	24.84
Units granted		164,122		$	41.32
Units vested		(118,368	)	$	18.66
Units forfeited		(11,568	)	$	33.58
January 31, 2015		337,356		$	34.72
Units granted		136,310		$	29.48
Units vested		(83,578	)	$	29.99
Units forfeited		(15,490	)	$	35.70
January 31, 2016		374,598		$	33.83
Units granted		187,777		$	27.76
Units vested		(170,010	)	$	31.85
Units forfeited		(11,207	)	$	34.50
January 31, 2017		381,158		$	31.71

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Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Jan. 31, 2017

Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]

Schedule of Components of Accumulated Other Comprehensive Income

The components of accumulated other comprehensive income at January 31, consisted of the following (in thousands):

	Currency Translation Adjustments			Available- for-sale securities			Hedging Contracts			Total
Balance, January 31, 2016	$	68,265		$	189		$	51		$	68,505
Other comprehensive income / (loss) before reclassifications		8,389			8			(408	)		7,989
Amounts reclassified from accumulated other comprehensive income (1)		(85	)		—			371			286
Net current-period other comprehensive income / (loss)		8,304			8			(37	)		8,275
Balance, January 31, 2017	$	76,569		$	197		$	14		$	76,780
	Currency Translation Adjustments			Available- for-sale securities			Hedging Contracts			Total
Balance, January 31, 2015	$	98,642		$	211		$	1		$	98,854
Other comprehensive (loss) / income before reclassifications		(30,377	)		(22	)		50			(30,349	)
Amounts reclassified from accumulated other comprehensive income (1)		—			—			—			—
Net current-period other comprehensive (loss) / income		(30,377	)		(22	)		50			(30,349	)
Balance, January 31, 2016	$	68,265		$	189		$	51		$	68,505

(1) Amounts in fiscal 2017 and 2016 were reclassified to earnings in the Consolidated Statements of Operations.

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Segment and Geographic Information (Tables)

12 Months Ended

Jan. 31, 2017

Segment Reporting [Abstract]

Operating Segment Data

Operating Segment Data as of and for the Fiscal Year Ended January 31, (in thousands):

	Net Sales (3)
	2017		2016		2015
Wholesale:
Luxury brands category	$	205,396	$	219,012	$	212,684
Licensed brands category		265,137		297,227		294,316
After-sales service and all other		13,911		13,770		15,260
Total Wholesale		484,444		530,009		522,260
Retail		68,308		64,914		64,720
Consolidated total	$	552,752	$	594,923	$	586,980

	Operating Income  (1) (2) (4) (5)
	2017		2016		2015
Wholesale	$	41,773	$	58,242	$	58,236
Retail		12,208		11,865		13,251
Consolidated total	$	53,981	$	70,107	$	71,487

	Total Assets				Capital Expenditures
	2017		2016		2017		2016		2015
Wholesale	$	584,518	$	562,547	$	5,666	$	5,902	$	9,321
Retail		23,284		22,623		254		2,168		1,811
Consolidated total	$	607,802	$	585,170	$	5,920	$	8,070	$	11,132

	Depreciation and Amortization
	2017		2016		2015
Wholesale	$	9,875	$	11,561	$	11,053
Retail		1,632		1,595		1,416
Consolidated total	$	11,507	$	13,156	$	12,469

Geographic Segment Data

Geographic Location Data as of and for the Fiscal Year Ended January 31, (in thousands):

	Net Sales (3)						Operating Income  (1) (2) (4) (5)
	2017		2016		2015		2017		2016		2015
United States	$	296,311	$	326,206	$	320,425	$	16,917	$	29,867	$	18,811
International		256,441		268,717		266,555		37,064		40,240		52,676
Consolidated total	$	552,752	$	594,923	$	586,980	$	53,981	$	70,107	$	71,487

	Total Assets				Property, Plant and Equipment, Net
	2017		2016		2017		2016
United States	$	207,246	$	215,053	$	19,197	$	24,517
International		400,556		370,117		14,976		14,036
Consolidated total	$	607,802	$	585,170	$	34,173	$	38,553

(1) Fiscal 2017 Wholesale and United States operating income included a pre-tax charge of $1.8 million, as a result of the immediate vesting of stock awards and certain other compensation related to the announcement of the retirement of Rick Coté, the Company’s former Vice Chairman and Chief Operating Officer, in fiscal 2017.

(2) Fiscal 2016 Wholesale and United States and International operating income included a $4.0 million charge as a result of actions taken by the Company in fiscal 2016 to achieve greater operating efficiencies and streamline its operations.

(3) The United States and International net sales are net of intercompany sales of $289.2 million, $309.1 million and $305.1 million for the fiscal years ended January 31, 2017, 2016 and 2015, respectively.

(4) The United States operating income included $25.5 million, $27.0 million and $19.3 million of unallocated corporate expenses for the fiscal years ended January 31, 2017, 2016 and 2015, respectively.

(5) The International operating income included $40.0 million, $44.5 million and $47.1 million of certain intercompany profits related to the Company’s supply chain operations for the fiscal years ended January 31, 2017, 2016 and 2015, respectively.

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Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Jan. 31, 2017

Quarterly Financial Information Disclosure [Abstract]

Schedule of Unaudited Selected Interim Operating Results

The following table presents unaudited selected interim operating results of the Company for fiscal 2017 and 2016 (in thousands, except per share amounts):

	Quarter
	1st		2nd		3rd		4th
Fiscal 2017
Net sales	$	114,063	$	128,086	$	179,818	$	130,785
Gross profit	$	61,317	$	70,263	$	98,550	$	64,687
Income before income taxes	$	5,060	$	9,796	$	29,501	$	7,097
Net income	$	3,337	$	6,355	$	20,215	$	5,232
Net income attributed to Movado Group, Inc.	$	3,308	$	6,306	$	20,215	$	5,232
Basic income per share:
Net income attributed to Movado Group, Inc.	$	0.14	$	0.27	$	0.88	$	0.23
Diluted income per share:
Net income attributed to Movado Group, Inc.	$	0.14	$	0.27	$	0.87	$	0.22
Fiscal 2016
Net sales	$	120,461	$	145,569	$	185,629	$	143,264
Gross profit	$	62,449	$	79,038	$	100,092	$	75,351
Income before income taxes	$	6,776	$	18,013	$	33,152	$	11,184
Net income	$	3,641	$	11,933	$	21,910	$	8,282
Net income attributed to Movado Group, Inc.	$	3,622	$	12,053	$	21,532	$	7,888
Basic income per share:
Net income attributed to Movado Group, Inc.	$	0.15	$	0.51	$	0.93	$	0.34
Diluted income per share:
Net income attributed to Movado Group, Inc.	$	0.15	$	0.50	$	0.92	$	0.34

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Supplemental Cash Flow Information (Tables)

12 Months Ended

Jan. 31, 2017

Supplemental Cash Flow Elements [Abstract]

Schedule of Supplemental Information to Consolidated Statements of Cash Flows

The following is provided as supplemental information to the consolidated statements of cash flows (in thousands):

	Fiscal Year Ended January 31,
	2017		2016		2015
Cash paid during the year for:
Interest	$	1,121	$	797	$	226
Income taxes, net	$	22,768	$	22,500	$	12,493
Supplemental disclosures of non-cash investing    activities:
Additions to property, plant and equipment    included in accrued liabilities	$	4	$	—	$	127

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Net Income Attributed to Movado Group, Inc. and Transfers to Noncontrolling Interest (Tables)

12 Months Ended

Jan. 31, 2017

Net Income Attributable To Group And Transfers To Noncontrolling Interest [Abstract]

Net Income Attributed to Movado Group, Inc. and Transfers to Noncontrolling Interest

	For Fiscal Year Ended January 31,(in thousands)
	2017			2016			2015
Net income attributed to Movado Group, Inc.	$	35,061		$	45,094		$	51,776
Transfers to the noncontrolling interest
Decrease in Movado Group, Inc.’s paid in    capital for purchase of joint venture common    shares		(1,011	)		(3,613	)		—
Net transfers to noncontrolling interest		(1,011	)		(3,613	)		—
Change from net income attributed to Movado    Group, Inc. and transfers to noncontrolling    interest	$	34,050		$	41,481		$	51,776

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Operating Efficiency Initiatives and Other Items (Tables)

12 Months Ended

Jan. 31, 2017

Restructuring And Related Activities [Abstract]

Summary of Costs Related to Operating Efficiency Initiatives and Other Items

A summary roll forward of costs related to the operating efficiency initiatives and other items is as follows (in thousands):

	Balance at January 31, 2016		Foreign exchange		Non-cash adjustments			Cash payments			Accrued balance at January 31, 2017
Severance	$	631	$	174	$	(78	)	$	(649	)	$	78
Occupancy charges		359		129		(2	)		(156	)		330
Total	$	990	$	303	$	(80	)	$	(805	)	$	408

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Significant Accounting Policies (Details Textual) $ in Millions	12 Months Ended
	Jan. 31, 2017 USD ($) Brands shares	Jan. 31, 2016 USD ($) shares	Jan. 31, 2015 USD ($) shares
Significant Accounting Policies [Line Items]
Number of brand the company marketed | Brands	9
Accumulated other comprehensive income, foreign currency translation adjustment	$ 76.6	$ 68.3
Maturity date	3 months
Accounts receivable, net of doubtful accounts, returns and allowances	$ 18.9	17.7	$ 16.6
Additional allowances of accounts receivable recorded in non-current assets	2.2	1.6	0.5
Accounts receivable net of co operative advertising allowances	7.8	9.8	13.2
Intangible assets at cost	8.1	7.9
Accumulated amortization of intangibles	6.8	6.4
Amortization expense	$ 0.4	0.3	0.3
Deferred revenue expected to be recognized, period	2 years
Marketing expenses	$ 75.7	77.6	74.9
Prepaid advertising cost included in other current asset	0.5	0.5
Shipping and handling customers charges	1.9	2.2	2.4
Shipping, handling and transportation costs	$ 5.6	$ 6.5	$ 6.3
Weighted basic average shares outstanding | shares	23,070,000	23,525,000	25,276,000
Number of shares outstanding for diluted earnings per share | shares	23,267,000	23,774,000	25,581,000
Number of shares included in outstanding for diluted earnings per share | shares	197,000	249,000	305,000
Dilutive common stock equivalents were excluded from the computation of dilutive earnings per share | shares	785,000	637,000	102,000
Tommy Hilfiger Watches
Significant Accounting Policies [Line Items]
Warranty period	10 years
Movado Watch Cases And Bracelets
Significant Accounting Policies [Line Items]
Warranty period	5 years
Minimum
Significant Accounting Policies [Line Items]
Warranty period	2 years
Minimum | Trademarks and Developed Technology
Significant Accounting Policies [Line Items]
Intangible Asset, Useful Life	3 years
Maximum
Significant Accounting Policies [Line Items]
Warranty period	3 years
Maximum | Trademarks and Developed Technology
Significant Accounting Policies [Line Items]
Intangible Asset, Useful Life	10 years
Building
Significant Accounting Policies [Line Items]
Property Plant And Equipment Useful Life	40 years
Furniture and equipment | Minimum
Significant Accounting Policies [Line Items]
Property Plant And Equipment Useful Life	4 years
Furniture and equipment | Maximum
Significant Accounting Policies [Line Items]
Property Plant And Equipment Useful Life	10 years
Computer software
Significant Accounting Policies [Line Items]
Amortization expense	$ 3.5	$ 3.5	$ 3.0
Computer software | Minimum
Significant Accounting Policies [Line Items]
Property Plant And Equipment Useful Life	5 years
Computer software | Maximum
Significant Accounting Policies [Line Items]
Property Plant And Equipment Useful Life	10 years
Design Fees and Tooling Cost
Significant Accounting Policies [Line Items]
Property Plant And Equipment Useful Life	3 years
Capitalized Software Cost | Minimum
Significant Accounting Policies [Line Items]
Property Plant And Equipment Useful Life	2 years
Capitalized Software Cost | Maximum
Significant Accounting Policies [Line Items]
Property Plant And Equipment Useful Life	10 years
Signet Jewelers Limited | Total net sales
Significant Accounting Policies [Line Items]
Percentage of sales represented approximately	11.60%
Wholesale | Signet Jewelers Limited | Total net sales
Significant Accounting Policies [Line Items]
Percentage of sales represented approximately	13.30%

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Significant Accounting Policies (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Schedule of warranty liability
Balance, beginning of year	$ 2,556	$ 2,710	$ 2,660
Provision charged to operations	2,092	1,630	2,710
Settlements made	(1,920)	(1,784)	(2,660)
Balance, end of year	$ 2,728	$ 2,556	$ 2,710

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Inventories (Details) - USD ($) $ in Thousands	Jan. 31, 2017	Jan. 31, 2016
Inventory Net [Abstract]
Finished goods	$ 112,297	$ 117,627
Component parts	38,482	41,041
Work-in-process	2,388	3,797
Inventories	$ 153,167	$ 162,465

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Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jan. 31, 2017	Jan. 31, 2016
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 126,824	$ 124,983
Less: accumulated depreciation	(92,651)	(86,430)
Property, plant and equipment, net	34,173	38,553
Land and buildings
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	1,490	1,574
Furniture and equipment
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	59,163	58,617
Computer software
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	32,077	31,747
Leasehold improvements
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	32,307	31,646
Design fees and tooling costs
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 1,787	$ 1,399

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Property, Plant and Equipment (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Property Plant And Equipment [Line Items]
Depreciation and amortization	$ 11,507	$ 13,156	$ 12,469
Amortization expense	400	300	300
Property, Plant and Equipment
Property Plant And Equipment [Line Items]
Depreciation and amortization	11,900	12,400	11,900
Computer software
Property Plant And Equipment [Line Items]
Amortization expense	$ 3,500	$ 3,500	$ 3,000

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Debt and Lines of Credit (Details Textual)	12 Months Ended
	Jan. 31, 2017 USD ($) CreditFacility Bank Subsidiary	Jan. 31, 2017 CHF (SFr) CreditFacility Bank Subsidiary	Jan. 31, 2016 USD ($) Bank Subsidiary	Jan. 31, 2016 CHF (SFr) Bank Subsidiary	Jan. 30, 2015 USD ($)
Debt Instrument [Line Items]
Outstanding balance under facility, current	$ 5,000,000		$ 5,000,000
Number of issued standby letter of credit | CreditFacility	2	2
Minimum
Debt Instrument [Line Items]
Consolidated Earnings Before Interest Tax Depreciation And Amortization	$ 50,000,000
Secured Debt | Credit Agreement Due on January 30, 2020
Debt Instrument [Line Items]
Letter of credit outstanding amount	$ 300,000
Secured Debt | Credit Agreement Due on January 30, 2020 | Maximum
Debt Instrument [Line Items]
Consolidated leverage ratio	2.50%	2.50%
Unsecured Debt | Swiss subsidiary
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 6,600,000	SFr 6,500,000	4,900,000	SFr 5,000,000
Outstanding borrowing amount	$ 0		$ 0
Revolving Credit Facility | Secured Debt | Credit Agreement Due on January 30, 2020
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity					$ 100,000,000
Uncommitted increase to borrowing capacity					50,000,000
Credit facility matures date	Jan. 30, 2020
Loan drawn under the facility	$ 30,000,000
Line of credit facility remaining borrowing capacity	69,700,000
Outstanding balance under facility, current	$ 5,000,000
Revolving Credit Facility | Secured Debt | Credit Agreement Due on January 30, 2020 | LIBOR
Debt Instrument [Line Items]
Applicable margin rate	1.25%
Revolving Credit Facility | Secured Debt | Credit Agreement Due on January 30, 2020 | LIBOR | Minimum
Debt Instrument [Line Items]
Applicable margin rate	1.25%
Revolving Credit Facility | Secured Debt | Credit Agreement Due on January 30, 2020 | LIBOR | Maximum
Debt Instrument [Line Items]
Applicable margin rate	1.75%
Revolving Credit Facility | Secured Debt | Credit Agreement Due on January 30, 2020 | Base Rate
Debt Instrument [Line Items]
Applicable margin rate	0.25%
Revolving Credit Facility | Secured Debt | Credit Agreement Due on January 30, 2020 | Base Rate | Minimum
Debt Instrument [Line Items]
Applicable margin rate	0.25%
Revolving Credit Facility | Secured Debt | Credit Agreement Due on January 30, 2020 | Base Rate | Maximum
Debt Instrument [Line Items]
Applicable margin rate	0.75%
Letter of Credit
Debt Instrument [Line Items]
Credit facility matures date	May 31, 2017
Outstanding borrowing amount	$ 300,000
Letter of Credit | Secured Debt | Credit Agreement Due on January 30, 2020
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity					$ 15,000,000
Line of Credit | Unsecured Debt | Swiss subsidiary
Debt Instrument [Line Items]
Number of European banks guaranteed obligations to third parties | Bank	2	2	2	2
Number of foreign subsidiaries under guaranteed obligation | Subsidiary	2	2	2	2
Guaranteed obligations to third parties	$ 1,200,000		$ 1,000,000
Restricted deposit relates to lease agreement	$ 600,000		$ 400,000

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Derivative Financial Instruments (Details Textual) - 12 months ended Jan. 31, 2017 $ in Millions	USD ($)	CHF (SFr)	EUR (€)	GBP (£)
Derivatives Fair Value [Line Items]
Maximum length of time hedged in cash flow hedge	24 months
Net change in effective portion of hedging contracts	$ 0.4
Net change in effective portion of hedging contracts, tax	$ 0.1
Foreign Exchange Forward
Derivatives Fair Value [Line Items]
Net forward contracts hedging portfolio		SFr 20,000,000	€ 5,900,000	£ 4,800,000
Maximum
Derivatives Fair Value [Line Items]
Expiry dates ranging	Jul. 06, 2017

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Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Jan. 31, 2017	Jan. 31, 2016
Designated as Hedging Instrument
Fair value and presentation of derivatives
Asset Derivatives		$ 63
Designated as Hedging Instrument | Foreign Exchange Contract | Other Current Assets
Fair value and presentation of derivatives
Asset Derivatives		63
Not Designated as Hedging Instrument
Fair value and presentation of derivatives
Asset Derivatives	$ 145	1
Liability Derivatives	211	1,163
Not Designated as Hedging Instrument | Foreign Exchange Contract | Other Current Assets
Fair value and presentation of derivatives
Asset Derivatives	145	1
Not Designated as Hedging Instrument | Foreign Exchange Contract | Accrued Liabilities
Fair value and presentation of derivatives
Liability Derivatives	$ 211	$ 1,163

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Fair Value Measurements (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Jan. 31, 2017	Jan. 31, 2016
Assets:
Total assets measured at fair value	$ 32,530	$ 26,353
Liabilities:
Total liabilities measured at fair value	31,042	26,016
Other Current Assets | Available-for-sale securities
Assets:
Total assets measured at fair value	309	268
Other Current Assets | Short-term investment
Assets:
Total assets measured at fair value	154
Other Current Assets | Hedge derivatives-Assets
Assets:
Total assets measured at fair value	145	64
Other non-current assets | SERP assets - employer
Assets:
Total assets measured at fair value	1,091	1,168
Other non-current assets | SERP assets - employee
Assets:
Total assets measured at fair value	30,831	24,853
Other non-current liabilities | SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	30,831	24,853
Accrued Liabilities | Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	211	1,163
Level 1
Assets:
Total assets measured at fair value	32,385	26,289
Liabilities:
Total liabilities measured at fair value	30,831	24,853
Level 1 | Other Current Assets | Available-for-sale securities
Assets:
Total assets measured at fair value	309	268
Level 1 | Other Current Assets | Short-term investment
Assets:
Total assets measured at fair value	154
Level 1 | Other non-current assets | SERP assets - employer
Assets:
Total assets measured at fair value	1,091	1,168
Level 1 | Other non-current assets | SERP assets - employee
Assets:
Total assets measured at fair value	30,831	24,853
Level 1 | Other non-current liabilities | SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	30,831	24,853
Level 2
Assets:
Total assets measured at fair value	145	64
Liabilities:
Total liabilities measured at fair value	211	1,163
Level 2 | Other Current Assets | Hedge derivatives-Assets
Assets:
Total assets measured at fair value	145	64
Level 2 | Accrued Liabilities | Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	$ 211	$ 1,163

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Fair Value Measurements (Details Textual) - USD ($)	12 Months Ended
	Jan. 31, 2017	Jul. 31, 2015
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Cost method investments, carrying value	$ 0	$ 1,300,000
Other than temporary impairment charge	1,282,000
Other Expense
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Other than temporary impairment charge	$ 1,300,000
Short-term investment
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair value, investment	The fair value of the short-term investment, which is a guaranteed investment certificate, is based on its purchase price plus one half of a percent calculated annually

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Income Tax (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2017	Oct. 31, 2016	Jul. 31, 2016	Apr. 30, 2016	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Income Tax Disclosure [Abstract]
U.S. income before taxes									$ 26,299	$ 44,384	$ 34,099
Non-U.S. income before taxes									25,155	24,741	37,065
Income before income taxes	$ 7,097	$ 29,501	$ 9,796	$ 5,060	$ 11,184	$ 33,152	$ 18,013	$ 6,776	$ 51,454	$ 69,125	$ 71,164

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Income Tax (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Current:
U.S. Federal	$ 14,079	$ 17,776	$ 8,412
U.S. State and Local	1,117	1,434	770
Non-U.S.	5,091	5,291	3,945
Total current	20,287	24,501	13,127
Deferred:
U.S. Federal	(4,231)	(1,995)	3,763
U.S. State and Local	(167)	(228)	420
Non-U.S.	426	1,082	1,954
Total deferred	(3,972)	(1,141)	6,137
Provision for income taxes	$ 16,315	$ 23,360	$ 19,264

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Income Tax (Details 2) - USD ($) $ in Thousands	Jan. 31, 2017	Jan. 31, 2016
Deferred Taxes Assets
Net operating loss carryforwards, Assets	$ 10,516	$ 9,182
Inventory, Assets	3,782	3,103
Unprocessed returns, Assets	1,200	1,538
Receivables allowances, Assets	1,151	847
Deferred compensation, Assets	18,955	16,286
Capital loss carryforwards, Assets	389	216
Other provisions/accruals, Assets	207	200
Miscellaneous, Assets	955	992
Total, Assets	37,155	32,364
Valuation allowance, Assets	(8,714)	(8,089)
Total deferred tax assets and liabilities	28,441	24,275
Deferred Taxes Liabilities
Unrepatriated earnings, Liabilities	2,956	2,877
Depreciation / amortization, Liabilities	1,245	1,234
Total, Liabilities	4,201	4,111
Total deferred tax assets and liabilities	$ 4,201	$ 4,111

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Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Income Tax Contingency [Line Items]
Tax expense (benefits) recorded in additional paid in capital	$ 300,000	$ 0	$ 1,300,000
Effective tax rate for continuing operations	31.70%	33.80%	27.10%
Deferred tax liabilities	$ 4,201,000	$ 4,111,000
Deferred tax liabilities, undistributed foreign earnings	2,956,000	2,877,000
Unrecognized tax benefits which would impact the Company's effective tax rate	2,600,000	2,400,000	$ 2,500,000
Accrued interest and penalties net of tax benefits	700,000	600,000	700,000
Accrued interest and penalties net of tax benefits	100,000	$ 100,000	$ 100,000
Domestic Country
Income Tax Contingency [Line Items]
Operating Loss carryforwards	0
State and Local Jurisdiction [Member]
Income Tax Contingency [Line Items]
Operating Loss carryforwards	9,300,000
Operating loss carryforwards, valuation allowance	100,000
Foreign Tax Authority
Income Tax Contingency [Line Items]
Operating Loss carryforwards	38,100,000
Operating loss carryforwards, valuation allowance	8,600,000
Deferred tax liabilities	3,000,000
Pre-2013 foreign earnings earmarked for future repatriation	12,700,000
Deferred tax liabilities, undistributed foreign earnings	307,000,000
Swiss subsidiary
Income Tax Contingency [Line Items]
Operating Loss carryforwards	$ 15,900,000
Minimum
Income Tax Contingency [Line Items]
Expiration periods	1 year
Maximum
Income Tax Contingency [Line Items]
Expiration periods	19 years
Possible decrease in unrecognized tax benefits within the next 12 months	$ 600,000

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Income Taxes (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Schedule of income taxes provision / (benefit) for continuing operations by applying U.S. federal statutory rate
Provision for income taxes at the U.S. statutory rate	$ 18,009	$ 24,194	$ 24,906
Lower effective non-U.S. income tax rate	(4,725)	(4,463)	(7,257)
Change in valuation allowance	828	986	1,298
U.S. tax provided on earnings of non-U.S. subsidiaries	541	1,029	639
Change in liabilities for uncertain tax positions, net	215	(98)	179
State and local taxes, net of federal benefit	617	1,234	693
(Benefit) provided on intercompany transactions			(1,652)
Other, net	830	478	458
Provision for income taxes	$ 16,315	$ 23,360	$ 19,264

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Income Taxes (Details 4) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Schedule of reconciliation of beginning and ending amounts of gross unrecognized tax benefits
Beginning balance	$ 2,481	$ 2,657	$ 2,740
Additions for tax positions taken in the current year	142	175	128
Lapse of statute of limitations		(311)	(34)
Non U.S. currency exchange fluctuations	(4)	(40)	(177)
Ending balance	$ 2,619	$ 2,481	$ 2,657

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Leases (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Leases [Abstract]
Operating lease expiration period	2027-02
Rent expense from continuing operations	$ 14.2	$ 13.5	$ 13.5

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Leases (Details) $ in Thousands	Jan. 31, 2017 USD ($)
Minimum annual rentals under non-cancelable operating leases
2018	$ 13,097
2019	9,013
2020	5,301
2021	3,558
2022	3,282
Thereafter	13,288
Total operating leases	$ 47,539

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Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Dec. 31, 2016	Jan. 31, 2017
Loss Contingencies [Line Items]
Amount of minimum commitments related to license agreements and endorsement agreements		$ 116.8
Outstanding purchase obligations with supplier		68.8
Underpaid duty charges due to alternative duty methodology	$ 5.1
Underpaid duty methodology period covered by statute of limitation	5 years
Other Current Assets
Loss Contingencies [Line Items]
Restricted cash deposits		$ 1.0

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Stock-Based Compensation (Details Textual) - USD ($)		12 Months Ended
	Apr. 04, 2013	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected term		6 years	5 years	5 years
Risk-free interest rate		1.42%	1.34%	1.64%
Expected volatility		47.81%	48.77%	51.13%
Dividend yield		1.01%	0.81%	0.68%
Weighted-average grant date fair value of options granted		$ 11.17	$ 12.31	$ 17.99
Compensation expense		$ 1,300,000	$ 1,100,000	$ 1,200,000
Compensation expense, net of tax		800,000	600,000	700,000
Unrecognized compensation cost related to unvested stock options		$ 2,100,000
Weighted-average period		1 year 9 months 18 days
Cash received for stock option exercises		$ 1,000,000	600,000	1,700,000
Realized tax expense		100,000
Fair value of stock options exercised		200,000	200,000	1,600,000
Fair value of the stock options vested		2,000,000	2,900,000	0
Intrinsic value of outstanding stock options		600,000	300,000	200,000
Intrinsic value of exercisable stock options		400,000	300,000	200,000
Stock Award Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense		3,200,000	2,700,000	2,400,000
Compensation expense, net of tax		$ 2,000,000	1,700,000	1,500,000
Weighted-average period		1 year 8 months 12 days
Unrecognized compensation cost		$ 5,100,000
Fair value of stock award units vested		$ 4,800,000	$ 2,500,000	$ 4,900,000
Units granted, Weighted Average Grant Date Fair Value		$ 27.76	$ 29.48	$ 41.32
Fair value of unvested stock award units		$ 10,300,000	$ 9,600,000	$ 8,100,000
Realized tax expense on vested stock awards		$ 200,000
Employee Stock Option Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of common stock shares	11,000,000
Minimum | Stock Award Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock awards vesting period		3 years
Minimum | Employee Stock Option Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options granted to participants exercisable period	3 years
Maximum | Stock Award Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock awards vesting period		5 years
Maximum | Employee Stock Option Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options granted to participants exercisable period	5 years

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Stock-Based Compensation (Details) - $ / shares	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Schedule of transactions for stock options under Plan
Outstanding Option Beginning Balance	699,600	616,220	599,406
Options granted	200,346	126,880	116,880
Options exercised	(40,588)	(28,450)	(86,066)
Options cancelled		(15,050)	(14,000)
Outstanding Option Ending Balance	859,358	699,600	616,220
Weighted Average Exercise Price, Beginning Balance	$ 30.41	$ 30.08	$ 26.24
Options granted, Weighted Average Exercise Price	26.97	30.36	41.71
Options exercised, Weighted Average Exercise Price	25.68	21.49	19.75
Options cancelled, Weighted Average Exercise Price		33.32	26.59
Weighted Average Exercise Price, Ending Balance	$ 29.83	$ 30.41	$ 30.08

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Stock-Based Compensation (Details 1)	12 Months Ended
	Jan. 31, 2017 $ / shares shares
Schedule of outstanding and exercisable stock options
Number Outstanding | shares	859,358
Weighted-Average Remaining Contractual Life (years)	5 years 8 months 12 days
Outstanding stock options, weighted Average Exercise Price	$ 29.83
Number Exercisable | shares	482,255
Exercisable stock options, Weighted-Average Exercise Price	$ 28.91
Range One
Schedule of outstanding and exercisable stock options
Minimum Range of Exercise Price	21.03
Maximum Range of Exercise Price	$ 24.02
Number Outstanding | shares	93,750
Weighted-Average Remaining Contractual Life (years)	3 years 4 months 24 days
Outstanding stock options, weighted Average Exercise Price	$ 22.09
Number Exercisable | shares	68,750
Exercisable stock options, Weighted-Average Exercise Price	$ 22.29
Range Two
Schedule of outstanding and exercisable stock options
Minimum Range of Exercise Price	24.03
Maximum Range of Exercise Price	$ 27.02
Number Outstanding | shares	183,612
Weighted-Average Remaining Contractual Life (years)	5 years 2 months 12 days
Outstanding stock options, weighted Average Exercise Price	$ 26.59
Number Exercisable | shares	183,612
Exercisable stock options, Weighted-Average Exercise Price	$ 26.59
Range Three
Schedule of outstanding and exercisable stock options
Minimum Range of Exercise Price	27.03
Maximum Range of Exercise Price	$ 30.02
Number Outstanding | shares	175,346
Weighted-Average Remaining Contractual Life (years)	9 years 2 months 12 days
Outstanding stock options, weighted Average Exercise Price	$ 27.74
Range Four
Schedule of outstanding and exercisable stock options
Minimum Range of Exercise Price	30.03
Maximum Range of Exercise Price	$ 33.02
Number Outstanding | shares	293,570
Weighted-Average Remaining Contractual Life (years)	5 years 7 months 6 days
Outstanding stock options, weighted Average Exercise Price	$ 30.98
Number Exercisable | shares	196,040
Exercisable stock options, Weighted-Average Exercise Price	$ 31.28
Range Five
Schedule of outstanding and exercisable stock options
Minimum Range of Exercise Price	33.03
Maximum Range of Exercise Price	$ 42.02
Number Outstanding | shares	29,780
Weighted-Average Remaining Contractual Life (years)	7 years 4 months 24 days
Outstanding stock options, weighted Average Exercise Price	$ 40.52
Number Exercisable | shares	19,853
Exercisable stock options, Weighted-Average Exercise Price	$ 40.52
Range Six
Schedule of outstanding and exercisable stock options
Minimum Range of Exercise Price	42.03
Maximum Range of Exercise Price	$ 45.02
Number Outstanding | shares	83,300
Weighted-Average Remaining Contractual Life (years)	7 years 2 months 12 days
Outstanding stock options, weighted Average Exercise Price	$ 42.12
Number Exercisable | shares	14,000
Exercisable stock options, Weighted-Average Exercise Price	$ 42.12

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Stock-Based Compensation (Details 2) - Stock Award Units - $ / shares	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Number of Stock Award Units
Stock Award Units, Beginning Balance	374,598	337,356	303,170
Units granted	187,777	136,310	164,122
Units vested	(170,010)	(83,578)	(118,368)
Units forfeited	(11,207)	(15,490)	(11,568)
Stock Award Units, Ending Balance	381,158	374,598	337,356
Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value, Beginning Balance	$ 33.83	$ 34.72	$ 24.84
Units granted, Weighted Average Grant Date Fair Value	27.76	29.48	41.32
Units vested, Weighted Average Grant Date Fair Value	31.85	29.99	18.66
Units forfeited, Weighted Average Grant Date Fair Value	34.50	35.70	33.58
Weighted Average Grant Date Fair Value Ending Balance	$ 31.71	$ 33.83	$ 34.72

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Other Employee Benefit Plans (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Contributions and expenses of administering the Employee benefit plans	$ 3.1	$ 2.9	$ 3.3
Matching contribution	5 years
Expenses related to the SERP	$ 0.9	$ 0.4	$ 0.5
Former Vice Chairman and Chief Operating Officer
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation related expenses associated with retirement	$ 0.3
Share-Based Compensation Award, Tranche One | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Matching contribution, annual vesting percentage	5.00%
Share-Based Compensation Award, Tranche Two | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Matching contribution, annual vesting percentage	10.00%

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Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands		12 Months Ended
		Jan. 31, 2017	Jan. 31, 2016
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance		$ 440,552
Other comprehensive income / (loss) before reclassifications		7,989	$ (30,349)
Amounts reclassified from accumulated other comprehensive income	[1]	286
Net current-period other comprehensive income / (loss)		8,275	(30,349)
Ending Balance		473,993	440,552
Currency Translation Adjustments
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance		68,265	98,642
Other comprehensive income / (loss) before reclassifications		8,389	(30,377)
Amounts reclassified from accumulated other comprehensive income	[1]	(85)
Net current-period other comprehensive income / (loss)		8,304	(30,377)
Ending Balance		76,569	68,265
Available-for-sale securities
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance		189	211
Other comprehensive income / (loss) before reclassifications		8	(22)
Net current-period other comprehensive income / (loss)		8	(22)
Ending Balance		197	189
Hedging Contracts
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance		51	1
Other comprehensive income / (loss) before reclassifications		(408)	50
Amounts reclassified from accumulated other comprehensive income	[1]	371
Net current-period other comprehensive income / (loss)		(37)	50
Ending Balance		14	51
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance		68,505	98,854
Ending Balance		$ 76,780	$ 68,505

[1] Amounts in fiscal 2017 and 2016 were reclassified to earnings in the Consolidated Statements of Operations.

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Segment and Geographic Information (Details Textual) $ in Thousands		3 Months Ended								12 Months Ended
		Jan. 31, 2017 USD ($)	Oct. 31, 2016 USD ($)	Jul. 31, 2016 USD ($)	Apr. 30, 2016 USD ($)	Jan. 31, 2016 USD ($)	Oct. 31, 2015 USD ($)	Jul. 31, 2015 USD ($)	Apr. 30, 2015 USD ($)	Jan. 31, 2017 USD ($) Segment Location		Jan. 31, 2016 USD ($)		Jan. 31, 2015 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | Segment										2
Number of geographic locations | Location										2
Operating efficiency initiatives and other items						$ 1,300			$ 2,700			$ 3,996
Net sales		$ 130,785	$ 179,818	$ 128,086	$ 114,063	$ 143,264	$ 185,629	$ 145,569	$ 120,461	$ 552,752	[1]	594,923	[1]	$ 586,980	[1]
Unallocated corporate expenses										25,500		27,000		19,300
Profits related to the company's supply chain operations										40,000		44,500		47,100
Intersegment Eliminations
Segment Reporting Information [Line Items]
Net sales										289,200		309,100		305,100
Former Vice Chairman and Chief Operating Officer
Segment Reporting Information [Line Items]
Pre-tax charges related to vesting of stock awards and compensation on retirement										300
Wholesale
Segment Reporting Information [Line Items]
Operating efficiency initiatives and other items												4,000
Net sales	[1]									484,444		530,009		522,260
United States
Segment Reporting Information [Line Items]
Net sales	[1]									296,311		$ 326,206		$ 320,425
United States | Wholesale | Former Vice Chairman and Chief Operating Officer
Segment Reporting Information [Line Items]
Pre-tax charges related to vesting of stock awards and compensation on retirement										$ 1,800
Geographic Concentration Risk | Europe | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution										23.10%		21.20%		18.90%
Geographic Concentration Risk | the Americas (excluding the United States) | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution										8.90%		10.50%		11.40%
Geographic Concentration Risk | Middle East | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution										8.10%		7.40%		7.10%
Geographic Concentration Risk | Asia | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution										6.30%		6.10%		8.00%

[1] The United States and International net sales are net of intercompany sales of $289.2 million, $309.1 million and $305.1 million for the fiscal years ended January 31, 2017, 2016 and 2015, respectively.

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Segment and Geographic Information (Details) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
		Jan. 31, 2017	Oct. 31, 2016	Jul. 31, 2016	Apr. 30, 2016	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2017		Jan. 31, 2016		Jan. 31, 2015
Operating segment data
Net sales		$ 130,785	$ 179,818	$ 128,086	$ 114,063	$ 143,264	$ 185,629	$ 145,569	$ 120,461	$ 552,752	[1]	$ 594,923	[1]	$ 586,980	[1]
Operating Income	[2],[3],[4],[5]									53,981		70,107		71,487
Total Assets		607,802				585,170				607,802		585,170
Capital Expenditures										5,920		8,070		11,132
Depreciation and Amortization										11,507		13,156		12,469
Wholesale
Operating segment data
Net sales	[1]									484,444		530,009		522,260
Operating Income	[2],[3],[4],[5]									41,773		58,242		58,236
Total Assets		584,518				562,547				584,518		562,547
Capital Expenditures										5,666		5,902		9,321
Depreciation and Amortization										9,875		11,561		11,053
Wholesale | Luxury brands category
Operating segment data
Net sales	[1]									205,396		219,012		212,684
Wholesale | Licensed brands category
Operating segment data
Net sales	[1]									265,137		297,227		294,316
Wholesale | After-sales service and all other
Operating segment data
Net sales	[1]									13,911		13,770		15,260
Retail
Operating segment data
Net sales	[1]									68,308		64,914		64,720
Operating Income	[2],[3],[4],[5]									12,208		11,865		13,251
Total Assets		$ 23,284				$ 22,623				23,284		22,623
Capital Expenditures										254		2,168		1,811
Depreciation and Amortization										$ 1,632		$ 1,595		$ 1,416

[1] The United States and International net sales are net of intercompany sales of $289.2 million, $309.1 million and $305.1 million for the fiscal years ended January 31, 2017, 2016 and 2015, respectively.

[2] Fiscal 2016 Wholesale and United States and International operating income included a $4.0 million charge as a result of actions taken by the Company in fiscal 2016 to achieve greater operating efficiencies and streamline its operations.

[3] Fiscal 2017 Wholesale and United States operating income included a pre-tax charge of $1.8 million, as a result of the immediate vesting of stock awards and certain other compensation related to the announcement of the retirement of Rick Coté, the Company’s former Vice Chairman and Chief Operating Officer, in fiscal 2017.

[4] The International operating income included $40.0 million, $44.5 million and $47.1 million of certain intercompany profits related to the Company’s supply chain operations for the fiscal years ended January 31, 2017, 2016 and 2015, respectively.

[5] The United States operating income included $25.5 million, $27.0 million and $19.3 million of unallocated corporate expenses for the fiscal years ended January 31, 2017, 2016 and 2015, respectively.

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Segment and Geographic Information (Details 1) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
		Jan. 31, 2017	Oct. 31, 2016	Jul. 31, 2016	Apr. 30, 2016	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2017		Jan. 31, 2016		Jan. 31, 2015
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales		$ 130,785	$ 179,818	$ 128,086	$ 114,063	$ 143,264	$ 185,629	$ 145,569	$ 120,461	$ 552,752	[1]	$ 594,923	[1]	$ 586,980	[1]
Operating Income	[2],[3],[4],[5]									53,981		70,107		71,487
Total Assets		607,802				585,170				607,802		585,170
Property, Plant and Equipment, Net		34,173				38,553				34,173		38,553
United States
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	[1]									296,311		326,206		320,425
Operating Income	[2],[3],[4],[5]									16,917		29,867		18,811
Total Assets		207,246				215,053				207,246		215,053
Property, Plant and Equipment, Net		19,197				24,517				19,197		24,517
International
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	[1]									256,441		268,717		266,555
Operating Income	[2],[3],[4],[5]									37,064		40,240		$ 52,676
Total Assets		400,556				370,117				400,556		370,117
Property, Plant and Equipment, Net		$ 14,976				$ 14,036				$ 14,976		$ 14,036

[1] The United States and International net sales are net of intercompany sales of $289.2 million, $309.1 million and $305.1 million for the fiscal years ended January 31, 2017, 2016 and 2015, respectively.

[2] Fiscal 2016 Wholesale and United States and International operating income included a $4.0 million charge as a result of actions taken by the Company in fiscal 2016 to achieve greater operating efficiencies and streamline its operations.

[3] Fiscal 2017 Wholesale and United States operating income included a pre-tax charge of $1.8 million, as a result of the immediate vesting of stock awards and certain other compensation related to the announcement of the retirement of Rick Coté, the Company’s former Vice Chairman and Chief Operating Officer, in fiscal 2017.

[4] The International operating income included $40.0 million, $44.5 million and $47.1 million of certain intercompany profits related to the Company’s supply chain operations for the fiscal years ended January 31, 2017, 2016 and 2015, respectively.

[5] The United States operating income included $25.5 million, $27.0 million and $19.3 million of unallocated corporate expenses for the fiscal years ended January 31, 2017, 2016 and 2015, respectively.

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Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2017	Oct. 31, 2016	Jul. 31, 2016	Apr. 30, 2016	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2017		Jan. 31, 2016		Jan. 31, 2015
Unaudited selected interim operating results
Net sales	$ 130,785	$ 179,818	$ 128,086	$ 114,063	$ 143,264	$ 185,629	$ 145,569	$ 120,461	$ 552,752	[1]	$ 594,923	[1]	$ 586,980	[1]
Gross profit	64,687	98,550	70,263	61,317	75,351	100,092	79,038	62,449	294,817		316,930		309,982
Income before income taxes	7,097	29,501	9,796	5,060	11,184	33,152	18,013	6,776	51,454		69,125		71,164
Net income	5,232	20,215	6,355	3,337	8,282	21,910	11,933	3,641	35,139		45,765		51,900
Net income attributed to Movado Group, Inc.	$ 5,232	$ 20,215	$ 6,306	$ 3,308	$ 7,888	$ 21,532	$ 12,053	$ 3,622	$ 35,061		$ 45,094		$ 51,776
Basic income per share:
Net income attributed to Movado Group, Inc.	$ 0.23	$ 0.88	$ 0.27	$ 0.14	$ 0.34	$ 0.93	$ 0.51	$ 0.15	$ 1.52		$ 1.92		$ 2.05
Diluted income per share:
Net income attributed to Movado Group, Inc.	$ 0.22	$ 0.87	$ 0.27	$ 0.14	$ 0.34	$ 0.92	$ 0.50	$ 0.15	$ 1.51		$ 1.90		$ 2.02

[1] The United States and International net sales are net of intercompany sales of $289.2 million, $309.1 million and $305.1 million for the fiscal years ended January 31, 2017, 2016 and 2015, respectively.

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Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Cash paid during the year for:
Interest	$ 1,121	$ 797	$ 226
Income taxes, net	22,768	$ 22,500	12,493
Supplemental disclosures of non-cash investing activities:
Additions to property, plant and equipment included in accrued liabilities	$ 4		$ 127

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Net Income Attributed to Movado Group, Inc. and Transfers to Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2017	Oct. 31, 2016	Jul. 31, 2016	Apr. 30, 2016	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Schedule of net income attributable to non controlling interest
Net income attributed to Movado Group, Inc.	$ 5,232	$ 20,215	$ 6,306	$ 3,308	$ 7,888	$ 21,532	$ 12,053	$ 3,622	$ 35,061	$ 45,094	$ 51,776
Transfers to the noncontrolling interest
Decrease in Movado Group, Inc.’s paid in capital for purchase of joint venture common shares									(1,011)	(3,613)
Net transfers to noncontrolling interest									(1,011)	(3,613)
Change from net income attributed to Movado Group, Inc. and transfers to noncontrolling interest									$ 34,050	$ 41,481	$ 51,776

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Net Income Attributed to Movado Group, Inc. and Transfers to Noncontrolling Interest (Details Textual) - USD ($) $ in Millions				12 Months Ended
	Aug. 04, 2016	Jan. 06, 2016	Jan. 30, 2013	Jan. 31, 2017
Schedule Of Equity Method Investments [Line Items]
Percentage of ownership controlled		51.00%
Percentage increase in ownership interest		49.00%
Co-venturer
Schedule Of Equity Method Investments [Line Items]
Percentage of ownership controlled		49.00%
Purchase price		$ 5.6
JV Agreement
Schedule Of Equity Method Investments [Line Items]
Agreement termination date				Aug. 04, 2016
JV Agreement | Co-venturer
Schedule Of Equity Method Investments [Line Items]
Percentage of ownership controlled			10.00%
JV Agreement | MGS Distribution Limited
Schedule Of Equity Method Investments [Line Items]
Joint venture termination description				On August 4, 2016, Movado Group, Inc. and Majorelle Limited, an English company (“Majorelle”), voluntarily terminated the joint venture agreement they had entered into on January 30, 2013 (the “JV Agreement”) relating to MGS Distribution Limited, an English company (“MGS”).
Percentage of ownership controlled			90.00%
Ownership interest in wholly-owned entity	100.00%
JV Agreement | MGS Distribution Limited | Majorelle
Schedule Of Equity Method Investments [Line Items]
Purchase price	$ 1.7

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Treasury Stock (Details Textual) - USD ($)		12 Months Ended
	Mar. 31, 2016	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program expiration date	Sep. 30, 2017
Stock repurchase program, number of shares repurchased		157,499	1,858,939
Stock repurchase program, total cost of shares repurchased		$ 3,864,000	$ 48,748,000	$ 26,382,000
Stock repurchase program, average per share price of shares repurchased		$ 24.54	$ 26.22
Surrender of Shares by Employee
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares repurchased		47,310	21,076
Maximum
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares authorized	$ 50,000,000
Movado Group Foundation
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares repurchased		35,000	28,000
Stock repurchase program, total cost of shares repurchased		$ 1,000,000	$ 800,000
Stock repurchase program, average per share price of shares repurchased		$ 29.03	$ 27.33

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Operating Efficiency Initiatives and Other Items (Details Textual) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 31, 2016	Apr. 30, 2015	Jan. 31, 2017	Jan. 31, 2016
Restructuring And Related Activities [Abstract]
Operating efficiency initiatives and other items	$ 1,300	$ 2,700		$ 3,996
Operating efficiency initiatives and other items, completion date			Jan. 31, 2016

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Operating Efficiency Initiatives and Other Items (Details) $ in Thousands	12 Months Ended
	Jan. 31, 2017 USD ($)
Restructuring Cost And Reserve [Line Items]
Balance at January 31, 2016	$ 990
Foreign exchange	303
Non-cash adjustments	(80)
Cash payments	(805)
Accrued balance at January 31, 2017	408
Severance
Restructuring Cost And Reserve [Line Items]
Balance at January 31, 2016	631
Foreign exchange	174
Non-cash adjustments	(78)
Cash payments	(649)
Accrued balance at January 31, 2017	78
Occupancy charges
Restructuring Cost And Reserve [Line Items]
Balance at January 31, 2016	359
Foreign exchange	129
Non-cash adjustments	(2)
Cash payments	(156)
Accrued balance at January 31, 2017	$ 330

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Other Charges (Details Textual) $ in Millions	3 Months Ended
	Apr. 30, 2016 USD ($)
Wholesale | Chief Operating Officer
Deferred Compensation Arrangement With Individual Share Based Payments [Line Items]
Compensation related expenses associated with retirement	$ 1.8

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Subsequent Event (Details Textual) - USD ($) $ in Millions		12 Months Ended
	Mar. 20, 2017	Jan. 31, 2018	Apr. 30, 2017
Scenario, Forecast
Subsequent Event [Line Items]
Expected pre-tax cost savings to be realized		$ 12.0
Scenario, Forecast | Minimum
Subsequent Event [Line Items]
Pre-tax charge in connection with completion of cost saving initiatives			$ 7.0
Scenario, Forecast | Maximum
Subsequent Event [Line Items]
Pre-tax charge in connection with completion of cost saving initiatives			$ 10.0
Subsequent Event
Subsequent Event [Line Items]
Expected annualized pre-tax cost savings	$ 15.0

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Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Valuation and qualifying accounts and reserves
Balance at beginning of year	$ 19,309	$ 17,051	$ 23,100
Net provision charged to operations	40,563	36,143	32,754
Currency revaluation	43	(402)	(324)
Net write-offs	(38,809)	(33,483)	(38,479)
Adjustments	(191)	(568)	29
Balance at end of year	21,106	19,309	17,051
Doubtful Accounts
Valuation and qualifying accounts and reserves
Balance at beginning of year	4,274	3,247	3,315
Net provision charged to operations	1,739	2,251	1,188
Currency revaluation	52	(190)	(132)
Net write-offs	(566)	(1,034)	(1,124)
Balance at end of year	5,499	4,274	3,247
Returns
Valuation and qualifying accounts and reserves
Balance at beginning of year	10,856	8,736	16,323
Net provision charged to operations	30,075	27,433	25,194
Currency revaluation	10	(147)	(87)
Net write-offs	(29,293)	(25,166)	(32,694)
Balance at end of year	11,648	10,856	8,736
Other Sales Allowances
Valuation and qualifying accounts and reserves
Balance at beginning of year	4,179	5,068	3,462
Net provision charged to operations	8,749	6,459	6,372
Currency revaluation	(19)	(65)	(105)
Net write-offs	(8,950)	(7,283)	(4,661)
Balance at end of year	3,959	4,179	5,068
Deferred Tax Asset Valuation
Valuation and qualifying accounts and reserves
Balance at beginning of year	8,089	8,307	7,798
Net provision charged to operations	716	986	1,281
Currency revaluation	100	(636)	(801)
Adjustments	(191)	(568)	29
Balance at end of year	$ 8,714	$ 8,089	$ 8,307

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Valuation and Qualifying Accounts (Parenthetical) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2017	Jan. 31, 2016	Jan. 31, 2015
Valuation And Qualifying Accounts [Abstract]
Prior year adjustments	$ 89	$ 177
Reversal due to legal entity elimination	(280)
Expired tax losses		(745)
Adjustments	$ (191)	$ (568)	$ 29