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Quarterly Financial Data (Unaudited)
 12 Months Ended
Jan. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)

NOTE 18 - QUARTERLY FINANCIAL DATA (UNAUDITED)

The following table presents unaudited selected interim operating results of the Company for fiscal 2019 and 2018 (in thousands, except per share amounts):

 

 

 

Quarter

 

 

 

1st

 

 

2nd

 

 

3rd

 

 

4th

 

Fiscal 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

127,149

 

 

$

144,093

 

 

$

208,949

 

 

$

199,376

 

Gross profit

 

$

67,524

 

 

$

77,834

 

 

$

113,364

 

 

$

110,636

 

Income before income taxes

 

$

7,974

 

 

$

12,755

 

 

$

24,105

 

 

$

16,899

 

Net income attributable to Movado Group, Inc.

 

$

8,115

 

 

$

9,140

 

 

$

26,922

 

 

$

17,447

 

Basic income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Movado Group, Inc.

 

$

0.35

 

 

$

0.39

 

 

$

1.16

 

 

$

0.75

 

Diluted income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Movado Group, Inc.

 

$

0.35

 

 

$

0.39

 

 

$

1.14

 

 

$

0.74

 

Fiscal 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

 

$

99,265

 

 

$

128,781

 

 

$

190,693

 

 

$

149,214

 

Gross profit

 

$

49,137

 

 

$

66,126

 

 

$

104,070

 

 

$

78,745

 

(Loss)/income before income taxes

 

$

(3,882

)

 

$

8,056

 

 

$

24,850

 

 

$

13,118

 

Net (loss) income attributable to Movado Group, Inc.

 

$

(4,159

)

 

$

5,482

 

 

$

17,360

 

 

$

(33,908

)

Basic income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income attributable to Movado Group, Inc.

 

$

(0.18

)

 

$

0.24

 

 

$

0.75

 

 

$

(1.47

)

Diluted income per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income attributable to Movado Group, Inc.

 

$

(0.18

)

 

$

0.24

 

 

$

0.75

 

 

$

(1.47

)

 

As each quarter is calculated as a discrete period, the sum of the four quarters may not equal the calculated full year amount. This is in accordance with prescribed reporting requirements.