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Quarterly Financial Data (Unaudited)
 12 Months Ended
Jan. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)

NOTE 14 - QUARTERLY FINANCIAL DATA (UNAUDITED)

The following table presents unaudited selected interim operating results of the Company for fiscal 2017 and 2016 (in thousands, except per share amounts):

 

 

Quarter

 

 

1st

 

  

2nd

 

  

3rd

 

  

4th

 

Fiscal 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

114,063

 

 

$

128,086

 

 

$

179,818

 

 

$

130,785

 

Gross profit

$

61,317

 

 

$

70,263

 

 

$

98,550

 

 

$

64,687

 

Income before income taxes

$

5,060

 

 

$

9,796

 

 

$

29,501

 

 

$

7,097

 

Net income

$

3,337

 

 

$

6,355

 

 

$

20,215

 

 

$

5,232

 

Net income attributed to Movado Group, Inc.

$

3,308

 

 

$

6,306

 

 

$

20,215

 

 

$

5,232

 

 

Basic income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributed to Movado Group, Inc.

$

0.14

 

 

$

0.27

 

 

$

0.88

 

 

$

0.23

 

 

Diluted income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributed to Movado Group, Inc.

$

0.14

 

 

$

0.27

 

 

$

0.87

 

 

$

0.22

 

 

Fiscal 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

120,461

 

 

$

145,569

 

 

$

185,629

 

 

$

143,264

 

Gross profit

$

62,449

 

 

$

79,038

 

 

$

100,092

 

 

$

75,351

 

Income before income taxes

$

6,776

 

 

$

18,013

 

 

$

33,152

 

 

$

11,184

 

Net income

$

3,641

 

 

$

11,933

 

 

$

21,910

 

 

$

8,282

 

Net income attributed to Movado Group, Inc.

$

3,622

 

 

$

12,053

 

 

$

21,532

 

 

$

7,888

 

 

Basic income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributed to Movado Group, Inc.

$

0.15

 

 

$

0.51

 

 

$

0.93

 

 

$

0.34

 

 

Diluted income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributed to Movado Group, Inc.

$

0.15

 

 

$

0.50

 

 

$

0.92

 

 

$

0.34

 

As each quarter is calculated as a discrete period, the sum of the four quarters may not equal the calculated full year amount. This is in accordance with prescribed reporting requirements.