XML 13 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2016
Jan. 31, 2016
Jul. 31, 2015
Current assets:      
Cash and cash equivalents $ 205,795 $ 228,188 $ 188,012
Trade receivables, net 72,737 71,030 80,818
Inventories 186,090 162,465 188,515
Other current assets 34,807 27,352 31,935
Total current assets 499,429 489,035 489,280
Property, plant and equipment, net 35,726 38,553 42,723
Deferred and non-current income taxes 20,656 20,323 19,652
Other non-current assets 42,925 37,259 38,356
Total assets 598,736 585,170 590,011
Current liabilities:      
Loans payable to bank, current 3,000 5,000  
Accounts payable 26,013 27,308 31,687
Accrued liabilities 37,676 39,617 38,182
Income taxes payable 2,120 6,257 955
Total current liabilities 68,809 78,182 70,824
Loans payable to bank 35,000 35,000 40,000
Deferred and non-current income taxes payable 3,089 2,640 3,750
Other non-current liabilities 32,206 28,201 30,353
Total liabilities 139,104 144,023 144,927
Commitments and contingencies (Note 8)
Equity:      
Preferred Stock, $0.01 par value, 5,000,000 shares authorized; no shares issued
Capital in excess of par value 182,185 178,118 178,251
Retained earnings 396,432 392,788 368,441
Accumulated other comprehensive income 83,413 68,505 85,544
Treasury Stock, 10,830,958, 10,664,512 and 10,278,463 shares, respectively, at cost (203,384) (199,195) (189,576)
Total Movado Group, Inc. shareholders' equity 458,983 440,552 442,995
Noncontrolling interests 649 595 2,089
Total equity 459,632 441,147 445,084
Total liabilities and equity 598,736 585,170 590,011
Common Stock Class Undefined      
Equity:      
Common Stock 271 270 269
Total equity [1] 271 270 269
Class A Common Stock      
Equity:      
Common Stock 66 66 66
Total equity [2] $ 66 $ 66 $ 66
[1] Each share of common stock is entitled to one vote per share on all matters submitted to a vote of the shareholders.
[2] Each share of class A common stock is entitled to 10 votes per share on all matters submitted to a vote of the shareholders. Each holder of class A common stock is entitled to convert, at any time, any and all of such shares into the same number of shares of common stock. Each share of class A common stock is converted automatically into common stock in the event that the beneficial or record ownership of such shares of class A common stock is transferred to any person, except to certain family members or affiliated persons deemed “permitted transferees” pursuant to the Company’s Restated Certificate of Incorporation as amended. The class A common stock is not publicly traded, and consequently, there is currently no established public trading market for these shares.