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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Jan. 31, 2019
Jan. 31, 2018
Jan. 31, 2017
Income Statement [Abstract]      
Net sales [1] $ 679,567 $ 567,953 $ 552,752
Cost of sales 310,209 269,875 257,935
Gross profit 369,358 298,078 294,817
Selling, general and administrative 307,161 254,878 240,836
Operating income [1],[2],[3],[4],[5],[6],[7],[8] 62,197 43,200 53,981
Other expense (Note 8)     (1,282)
Interest expense (771) (1,510) (1,464)
Interest income 307 452 219
Income before income taxes 61,733 42,142 51,454
Provision for income taxes (Note 10) 162 57,367 16,315
Net income / (loss) 61,571 (15,225) 35,139
Less: Net (loss) / income attributable to noncontrolling interest (53)   78
Net income / (loss) attributable to Movado Group, Inc. $ 61,624 $ (15,225) $ 35,061
Basic income per share:      
Weighted basic average shares outstanding 23,197 23,073 23,070
Net income / (loss) per share attributable to Movado Group, Inc. $ 2.66 $ (0.66) $ 1.52
Diluted income per share:      
Weighted diluted average shares outstanding 23,600 23,073 23,267
Net income / (loss) per share attributable to Movado Group, Inc. $ 2.61 $ (0.66) $ 1.51
Dividends paid per share $ 0.80 $ 0.52 $ 0.52
[1] The United States and International net sales are net of intercompany sales of $319.5 million, $268.1 million and $289.2 million for the fiscal years ended January 31, 2019, 2018 and 2017, respectively.
[2] Fiscal 2017 Watch and Accessory Brands and United States and International operating income included a $4.0 million charge as a result of actions taken by the Company in fiscal 2017 to achieve greater operating efficiencies and streamline its operations.
[3] Fiscal 2017 Watch and Accessory Brands and United States operating income included a pre-tax charge of $1.8 million, as a result of the immediate vesting of stock awards and certain other compensation related to the announcement of the retirement of the Company’s former Vice Chairman and Chief Operating Officer, in fiscal 2018.
[4] Fiscal 2019 Watch and Accessory Brands and United States and International operating (loss) / income included a charge of $0.3 million as part of the Company’s cost savings initiatives. The United States and International locations of the Watch and Accessory Brands segment include a pre-tax charge of $3.9 million and $9.7 million, respectively, for the fiscal year ended January 31, 2018 as part of the Company’s cost savings initiatives. In fiscal 2018, the Company took actions to better align its global infrastructure with the current business environment by consolidating certain operations and streamlining functions to reduce costs and improve profitability. Also, in light of the changing retail landscape and the growing importance of digital marketing and online sales, the Company decided to cease its participation in the Baselworld Watch and Jewelry Show.
[5] Fiscal 2019 Watch and Accessory Brands and United States and International operating (loss) / income included a charge of $14.3 million related to transaction charges and the amortization of acquisition accounting adjustments associated with the purchase of the MVMT brand.
[6] Fiscal 2019 Watch and Accessory Brands and United States and International operating (loss) / income included a charge of $2.9 million related to the amortization of intangible assets associated with the Olivia Burton brand. Fiscal 2018 Watch and Accessory Brands and United States and International operating (loss) / income included a charge of $6.8 million related to transaction charges and the amortization of acquisition accounting adjustments associated with the purchase of the Olivia Burton brand.
[7] The International operating income included $53.8 million, $41.5 million and $40.0 million of certain intercompany profits related to the Company’s supply chain operations for the fiscal years ended January 31, 2019, 2018 and 2017, respectively.
[8] The United States operating income included $43.5 million, $25.2 million and $26.3 million of unallocated corporate expenses for the fiscal years ended January 31, 2019, 2018 and 2017, respectively.