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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Jan. 31, 2018
Jan. 31, 2017
Jan. 31, 2016
Comprehensive income, net of taxes:      
Net (loss) / income including noncontrolling interests $ (15,225) $ 35,139 $ 45,765
Other comprehensive income / (loss)      
Net unrealized (loss) / gain on investments, net of tax (benefit) of $(13), $30 and $(15), respectively (6) [1] 8 (22)
Net change in effective portion of hedging contracts, net of tax (benefit) of $(9), $(10) and $10, respectively (52) (37) 50
Foreign currency translation adjustments [2] 23,621 8,280 (30,314)
Total other comprehensive income / (loss), net of taxes 23,563 8,251 (30,286)
Comprehensive income including noncontrolling interests 8,338 43,390 15,479
Less: Comprehensive income attributed to noncontrolling interests   54 734
Total comprehensive income attributed to Movado Group, Inc. $ 8,338 $ 43,336 $ 14,745
[1] Includes approximately twenty-one thousand dollars related to the tax effect of the tax rate change on marketable securities as a result of the early adoption of ASU 2018-02, “Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income” (see Note 7 – Income Taxes).
[2] The currency translation adjustment is not adjusted for income taxes to the extent that it relates to permanent investments of earnings in international subsidiaries.