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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Oct. 31, 2020
Oct. 31, 2019
Income Statement [Abstract]        
Net sales $ 169,863 $ 205,618 $ 328,067 $ 509,983
Cost of sales 77,410 95,549 158,365 235,702
Gross profit 92,453 110,069 169,702 274,281
Selling, general and administrative 69,386 87,431 181,795 237,893
Impairment of goodwill and intangible assets (Note 7) 0 0 155,919 0
Total operating expenses 69,386 87,431 337,714 237,893
Operating income/(loss) [1],[2] 23,067 22,638 (168,012) [3] 36,388 [3]
Non-operating income/(expense):        
Gain on sale of a non-operating asset 0 0 1,317 0
Change in contingent consideration (Note 11) 0 0 0 13,627
Interest expense (608) (240) (1,469) (689)
Interest income 8 18 31 63
Income/(loss) before income taxes 22,467 22,416 (168,133) 49,389
Provision/(benefit) for income taxes (Note 13) 7,524 4,955 (26,365) 10,543
Net income/(loss) 14,943 17,461 (141,768) 38,846
Less: Net income/(loss) attributable to noncontrolling interests 118 (304) 15 (349)
Net income/(loss) attributable to Movado Group, Inc. $ 14,825 $ 17,765 $ (141,783) $ 39,195
Basic income/(loss) per share:        
Weighted basic average shares outstanding 23,285 23,117 23,223 23,124
Net income/(loss) per share attributable to Movado Group, Inc. $ 0.64 $ 0.77 $ (6.11) $ 1.69
Diluted income/(loss) per share:        
Weighted diluted average shares outstanding 23,375 23,250 23,223 23,322
Net income/(loss) per share attributable to Movado Group, Inc. $ 0.63 $ 0.76 $ (6.11) $ 1.68
[1] For the three months ended October 31, 2020, in the United States locations and the International locations of the Watch and Accessory Brands segment, operating (loss)/income included a charge of $0.6 million and $0.2 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 nine months ended October 31, 2020, in the United States locations and the International locations of the Watch and Accessory Brands segment, operating loss included a charge of $11.9 million and $3.5 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 October 31, 2020 and 2019, and for the nine months ended October 31, 2020 and 2019, in the United States locations of the Watch and Accessory Brands segment, operating loss included a charge of $0.5 million, $0.9 million, $1.5 million and $3.5 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 October 31, 2020 and 2019, and for the nine months ended October 31, 2020 and 2019, operating income/(loss) included a charge of $0.6 million, $0.7 million, $2.0 million and $2.1 million, respectively, 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 nine months ended October 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 nine months ended October 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.