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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2018
Jul. 31, 2017
Jul. 31, 2018
Jul. 31, 2017
Income Statement [Abstract]        
Net sales $ 144,093 $ 128,781 $ 271,242 $ 228,046
Cost of sales 66,259 62,655 125,884 112,783
Gross profit 77,834 66,126 145,358 115,263
Selling, general, and administrative 64,974 57,809 124,359 110,594
Operating income [1],[2] 12,860 8,317 20,999 4,669
Interest expense (162) (390) (384) (746)
Interest income 57 129 114 251
Income before income taxes 12,755 8,056 20,729 4,174
Provision for income taxes (Note 10) 3,615 2,574 3,474 2,851
Net income attributed to Movado Group, Inc. $ 9,140 $ 5,482 $ 17,255 $ 1,323
Basic income per share:        
Weighted basic average shares outstanding 23,245 23,085 23,172 23,080
Net income per share attributed to Movado Group, Inc. $ 0.39 $ 0.24 $ 0.74 $ 0.06
Diluted income per share:        
Weighted diluted average shares outstanding 23,712 23,218 23,585 23,253
Net income per share attributed to Movado Group, Inc. $ 0.39 $ 0.24 $ 0.73 $ 0.06
Dividends declared per share $ 0.20 $ 0.13 $ 0.40 $ 0.26
[1] In the International location of the Wholesale segment, for the three months ended July 31,2017, operating income included a pre-tax charge of $0.1 million, as a result of the Company’s cost savings initiatives. In the United States and International locations of the Wholesale segment, for the six months ended July 31, 2017, operating (loss) / income included a pre-tax charge of $3.8 million and $2.6 million, respectively, as a result of the Company’s cost savings initiatives.
[2] In the International locations of the Wholesale segment, for the three months and six months ended July 31, 2018, operating income included $0.7 and $1.5 million, of expenses primarily related to the amortization of acquired intangible assets, as a result of the Company’s acquisition of the Olivia Burton brand. In addition, in the United Sates locations of the Wholesale segment, for the three months and six months ended July 31, 2018, operating income included $1.0 million, of expenses primarily associated with the pending acquisition of MVMT. In the United States and International locations of the Wholesale segment, for the three months and the six months ended July 31, 2017, operating income / (loss) included a pre-tax charge of $0.2 and $4.3 million, respectively, of expenses related to transaction costs and adjustments in acquisition accounting, as a result of the Company’s acquisition of the Olivia Burton brand.