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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Apr. 30, 2019
Oct. 31, 2020
Oct. 31, 2019
Jan. 31, 2020
Cash flows from operating activities:            
Net (loss)/income attributable to Movado Group, Inc. $ 14,825 $ 17,765   $ (141,783) $ 39,195  
Adjustments to reconcile net (loss)/income to net cash used in operating activities:            
Impairment of goodwill and intangible assets 0 0   155,919 0  
Non-cash corporate initiatives       6,685 0  
Change in contingent consideration 0 0   0 (13,627)  
Gain on sale of a non-operating asset 0 0   (1,317) 0  
Depreciation and amortization       10,546 11,888  
Transactional losses/(gains)       231 309  
Provision for inventories and accounts receivable       2,066 2,626  
Deferred income taxes       (31,536) (6,462)  
Stock-based compensation       3,848 4,658  
Other       306 (435)  
Changes in assets and liabilities:            
Trade receivables       (26,835) (52,659)  
Inventories       (7,073) (38,064)  
Other current assets       (821) (2,407)  
Accounts payable       40 (4,184)  
Accrued liabilities       15,929 19,271  
Accrued payroll and benefits       6,124 (9,379)  
Income taxes payable       516 6,407  
Other non-current assets       (347) 640  
Other non-current liabilities       796 (2,347)  
Net cash used in operating activities       (6,706) (44,570)  
Cash flows from investing activities:            
Capital expenditures       (2,428) (10,023)  
Proceeds from sale of a non-operating asset       1,317 0  
Proceeds from sale of an asset held for sale       0 242  
Trademarks and other intangibles       (118) (194)  
Net cash used in investing activities       (1,229) (9,975)  
Cash flows from financing activities:            
Repayment of bank borrowings       (47,699) 0  
Proceeds from bank borrowings       30,879 0  
Stock awards and options exercised and other changes       (497) (1,249)  
Stock repurchase       0 (4,199)  
Dividends paid   (4,600) $ (4,600) 0 (13,796)  
Debt issuance cost       (300) 0  
Net cash used in financing activities       (17,617) (19,244)  
Effect of exchange rate changes on cash, cash equivalents, and restricted cash       2,926 (93)  
Net decrease in cash, cash equivalents and restricted cash       (22,626) (73,882)  
Cash, cash equivalents and restricted cash at beginning of year     $ 190,459 186,438 190,459 $ 190,459
Cash, cash equivalents and restricted cash at end of period 163,812 116,577   163,812 116,577 186,438
Reconciliation of cash, cash equivalents, and restricted cash:            
Cash and cash equivalents 163,218 116,025   163,218 116,025 185,872
Restricted cash included in other non-current assets 594 552   594 552  
Cash, cash equivalents and restricted cash at end of period $ 163,812 $ 116,577   $ 163,812 $ 116,577 $ 186,438