Acquisitions (Tables)

6 Months Ended

Jul. 31, 2017

Summary of Fair Value of Assets Acquired and Liabilities Assumed at Acquisition Date

The following table summarizes the fair value of the assets acquired and liabilities assumed as of the July 3, 2017 acquisition date (in thousands):

Assets Acquired and Liabilities Assumed	Fair Value
Cash and cash equivalents	$	5,909
Trade receivables, net		3,106
Inventories		4,164
Prepaid expenses and other current assets		913
Property, plant and equipment, net		131
Goodwill		55,322
Trade name and other intangibles		21,415
Total assets acquired		90,960
Accounts payable		608
Accrued liabilities		844
Income taxes payable		643
Deferred and non-current income taxes payable		3,965
Total liabilities assumed		6,060
Total purchase price	$	84,900

Summary of Unaudited Pro Forma Information

The following table provides the Company’s unaudited pro forma net sales, net income and net income per basic and diluted common share as if the results of operations of the Olivia Burton brand had been included in the Company’s operations commencing on February 1, 2016, based on available information relating to operations of the Olivia Burton brand. This pro forma information is not necessarily indicative either of the combined results of operations that actually would have been realized by the Company had the Olivia Burton brand acquisition been consummated at the beginning of the period for which the pro forma information is presented, or of future results.

		Six Months Ended July 31,
	2017		2016
(In thousands, except per share data)		(Unaudited)
Net sales	$	239,309	$	248,136
Net income	$	6,214	$	9,770

Basic income per share:
Net income per share attributed to Movado Group, Inc.	$	0.27	$	0.42

Diluted income per share:
Net income per share attributed to Movado Group, Inc.	$	0.27	$	0.42

Summary of Company's Goodwill by Segment

The change in the carrying amount of the Company’s goodwill, which is included in the International location of the Wholesale segment, is as follows (in thousands):

	Total
Balance at January 31, 2017	$	—
Acquisition of the Olivia Burton brand		55,322
Foreign exchange impact		794
Balance at July 31, 2017	$	56,116

Summary of Trade Name and Other Intangible Assets

Trade name and other intangible assets consist of the following (in thousands):

	Three months ended
	July 31, 2017
	Gross carrying amount		Accumulated amortization		Foreign exchange		Net
Intangible assets subject to amortization:
Trade name	$	12,766	$	(108)	$	184	$	12,842
Customer relationships		8,598		(121)		123		8,600
Total intangible assets	$	21,364	$	(229)	$	307	$	21,442