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Acquisitions (Tables)
 6 Months Ended
Jul. 31, 2018
Business Combinations [Abstract]  
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, 2017, 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.

 

 

 

Three Months Ended July 31,

 

 

Six Months Ended July 31,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

(In thousands, except per share data)

 

(Unaudited)

 

 

(Unaudited)

 

Net sales

 

$

144,093

 

 

$

136,026

 

 

$

271,242

 

 

$

239,309

 

Net income

 

$

9,140

 

 

$

9,957

 

 

$

17,255

 

 

$

6,214

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share attributed to Movado Group, Inc.

 

$

0.39

 

 

$

0.43

 

 

$

0.74

 

 

$

0.27

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income per share attributed to Movado Group, Inc.

 

$

0.39

 

 

$

0.43

 

 

$

0.73

 

 

$

0.27

 

 
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, January 31, 2018

 

$

60,269

 

Foreign exchange impact

 

 

(4,525

)

Balance, July 31, 2018

 

$

55,744

 

 
Summary of Trade Name and Other Intangible Assets

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

 

 

 

As of

 

 

 

July 31, 2018

 

 

 

Gross carrying

amount

 

 

Accumulated

amortization

 

 

Foreign

exchange

 

 

Net

 

Intangible assets subject to amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade name

 

$

12,766

 

 

$

(1,428

)

 

$

132

 

 

$

11,470

 

Customer relationships

 

 

8,598

 

 

 

(1,603

)

 

 

104

 

 

 

7,099

 

Total intangible assets

 

$

21,364

 

 

$

(3,031

)

 

$

236

 

 

$

18,569