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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Jul. 31, 2020
Jul. 31, 2019
Income Statement [Abstract]        
Net sales $ 88,538 $ 157,816 $ 158,204 $ 304,365
Cost of sales 43,182 72,477 80,955 140,153
Gross profit 45,356 85,339 77,249 164,212
Selling, general and administrative 54,272 76,563 112,409 150,462
Impairment of goodwill and intangible assets (Note 7) 0 0 155,919 0
Total operating expenses 54,272 76,563 268,328 150,462
Operating (loss)/income [1],[2] (8,916) 8,776 (191,079) [3] 13,750 [3]
Non-operating income/(expense):        
Gain on sale of a non-operating asset 1,317 0 1,317 0
Change in contingent consideration (Note 11) 0 13,627 0 13,627
Interest expense (590) (225) (861) (449)
Interest income 8 24 23 45
(Loss)/income before income taxes (8,181) 22,202 (190,600) 26,973
(Benefit)/provision for income taxes (Note 13) (1,559) 4,741 (33,889) 5,588
Net (loss)/income (6,622) 17,461 (156,711) 21,385
Less: Net loss attributable to noncontrolling interests (7) (44) (103) (45)
Net (loss)/income attributable to Movado Group, Inc. $ (6,615) $ 17,505 $ (156,608) $ 21,430
Basic (loss)/income per share:        
Weighted basic average shares outstanding 23,240 23,138 23,191 23,127
Net (loss)/income per share attributable to Movado Group, Inc. $ (0.28) $ 0.76 $ (6.75) $ 0.93
Diluted (loss)/income per share:        
Weighted diluted average shares outstanding 23,240 23,292 23,191 23,370
Net (loss)/income per share attributable to Movado Group, Inc. $ (0.28) $ 0.75 $ (6.75) $ 0.92
[1] For the three months ended July 31, 2020, in the United States locations and the International locations of the Watch and Accessory Brands segment, operating loss included a charge of $6.6 million and $0.8 million, respectively, related to the corporate initiatives that the Company took in response to the impact on its business due to the COVID-19 pandemic. For the six months ended July 31, 2020, in the United States locations and the International locations of the Watch and Accessory Brands segment, operating loss included a charge of $11.3 million and $3.3 million, respectively, related to the corporate initiatives that the Company took in response to the impact on its business due to the COVID-19 pandemic.
[2] For the three months ended July 31, 2020 and 2019, and for the six months ended July 31, 2020 and 2019, in the United States locations of the Watch and Accessory Brands segment, operating loss included a charge of $0.3 million, $1.1 million, $1.0 million and $2.6 million, respectively, related to the amortization of intangible assets, deferred compensation and certain acquisition accounting adjustments associated with the MVMT brand. In addition, in the International locations of the Watch and Accessory Brands segment for the three months ended July 31, 2020 and 2019, and for the six months ended July 31, 2020 and 2019, operating (loss)/income included, $0.7 million and $1.4 million, respectively for both periods, of expenses primarily related to the amortization of acquired intangible assets, as a result of the Company’s acquisition of the Olivia Burton brand.  
[3] For the six months ended July 31, 2020, in the United States locations of the Watch and Accessory Brands segment, operating loss included a charge of $99.7 million, related to the impairment of goodwill and intangible assets associated with the MVMT brand. In addition, in the International locations of the Watch and Accessory Brands segment, for the six months ended July 31, 2020, operating loss included a charge of $56.2 million related to the impairment of goodwill associated with the Olivia Burton brand and City Time Joint Venture.