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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Apr. 30, 2018
Apr. 30, 2017
Income Statement [Abstract]    
Net sales $ 127,149 $ 99,265
Cost of sales 59,625 50,128
Gross profit 67,524 49,137
Selling, general, and administrative 59,385 52,785
Operating income / (loss) [1],[2] 8,139 (3,648)
Interest expense (222) (356)
Interest income 57 122
Income / (loss) before income taxes 7,974 (3,882)
(Benefit) / provision for income taxes (Note 10) (141) 277
Net income / (loss) attributed to Movado Group, Inc. $ 8,115 $ (4,159)
Basic income per share:    
Weighted basic average shares outstanding 23,097 23,075
Net income / (loss) per share attributed to Movado Group, Inc. $ 0.35 $ (0.18)
Diluted income per share:    
Weighted diluted average shares outstanding 23,448 23,075
Net income / (loss) per share attributed to Movado Group, Inc. $ 0.35 $ (0.18)
Dividends declared per share $ 0.20 $ 0.13
[1] In the International location of the Wholesale segment, for the three months ended April 30, 2018, operating income included $0.8 million of expenses primarily related to the amortization of acquired intangible assets, as a result of the Company’s acquisition of the Olivia Burton brand.
[2] In the United States and International locations of the Wholesale segment, for the three months ended April 30, 2017, operating (loss) / income included a pre-tax charge of $3.8 million and $2.5 million, respectively, as a result of the Company’s cost savings initiatives.