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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jan. 31, 2017
Jan. 31, 2016
Current assets:    
Cash and cash equivalents $ 256,279 $ 228,188
Trade receivables, net 66,847 71,030
Inventories 153,167 162,465
Other current assets 28,487 27,352
Total current assets 504,780 489,035
Property, plant and equipment, net 34,173 38,553
Deferred and non-current income taxes 24,837 20,323
Other non-current assets 44,012 37,259
Total assets 607,802 585,170
Current liabilities:    
Loans payable to bank, current 5,000 5,000
Accounts payable 27,192 27,308
Accrued liabilities 28,241 28,570
Accrued payroll and benefits 6,820 11,047
Income taxes payable 4,149 6,257
Total current liabilities 71,402 78,182
Loans payable to bank 25,000 35,000
Deferred and non-current income taxes payable 3,322 2,640
Other non-current liabilities 34,085 28,201
Total liabilities 133,809 144,023
Commitments and contingencies (Note 9)
Equity:    
Preferred Stock, $0.01 par value, 5,000,000 shares authorized; no shares issued
Capital in excess of par value 185,354 178,118
Retained earnings 415,919 392,788
Accumulated other comprehensive income 76,780 68,505
Treasury Stock, 10,869,321 and 10,664,512 shares, respectively, at cost (204,398) (199,195)
Total Movado Group, Inc. shareholders' equity 473,993 440,552
Noncontrolling interests   595
Total equity 473,993 441,147
Total liabilities and equity 607,802 585,170
Common Stock Class Undefined    
Equity:    
Common Stock 272 270
Total equity [1] 272 270
Class A Common Stock    
Equity:    
Common Stock 66 66
Total equity [2] $ 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.