Valuation and Qualifying Accounts

12 Months Ended

Jan. 31, 2019

Valuation And Qualifying Accounts [Abstract]

Schedule II

MOVADO GROUP, INC.

VALUATION AND QUALIFYING ACCOUNTS

(In thousands)

Description	Balance at beginning of year		Net (benefit) / provision charged to operations				Currency revaluation			Net write-offs			Balance at end of year
Year ended January 31, 2019:
Doubtful accounts	$	4,181	$	2,104			$	(257	)	$	(536	)	$	5,492
Returns		12,359		32,710		(1)		(691	)		(31,344	)		13,034
Other sales allowances		7,344		9,383				20			(9,367	)		7,380
Deferred tax asset valuation allowance		8,960		(2,199	)			(319	)		(1,185	)		5,257
Total	$	32,844	$	41,998			$	(1,247	)	$	(42,432	)	$	31,163
Year ended January 31, 2018:
Doubtful accounts	$	5,499	$	(176	)		$	289		$	(1,431	)	$	4,181
Returns		11,648		30,477				288			(30,054	)		12,359
Other sales allowances		3,959		9,887				340			(6,842	)		7,344
Deferred tax asset valuation allowance		8,714		628				97			(479	)		8,960
Total	$	29,820	$	40,816			$	1,014		$	(38,806	)	$	32,844
Year ended January 31, 2017:
Doubtful accounts	$	4,274	$	1,739			$	52		$	(566	)	$	5,499
Returns		10,856		30,075				10			(29,293	)		11,648
Other sales allowances		4,179		8,749				(19	)		(8,950	)		3,959
Deferred tax asset valuation allowance		8,089		716				100			(191	)		8,714
Total	$	27,398	$	41,279			$	143		$	(39,000	)	$	29,820

(1)

On February 1, 2018, the Company adopted ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) using the modified retrospective method and recognized the cumulative effect of initially applying the new revenue standard as an adjustment to the opening retained earnings. Under the modified retrospective method, the Company recognized in part an increase in reserve for returns with a corresponding reduction of approximately $817,000 to opening retained earnings as the cumulative effect of adopting the new revenue standard.