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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
$ in Thousands
Total
Common Stock Class Undefined
 [1]
Class A Common Stock
 [2]
Capital in Excess of Par Value
Retained Earnings
Accumulated Other Comprehensive Income
Treasury Stock
Redeemable Noncontrolling Interests
Beginning Balance at Jan. 31, 2016 $ 440,552 $ 270 $ 66 $ 178,118 $ 392,788 $ 68,505 $ (199,195)  
Beginning Balance at Jan. 31, 2016               $ 595
Net income/ (loss) attributable to Movado Group, Inc. 35,061       35,061      
Net income/ (loss) attributable to redeemable noncontrolling interests 78             78
Dividends (11,930)       (11,930)      
Stock options exercised, net of tax (561) 2   776     (1,339)  
Joint venture incremental share purchase (1,011)     (1,011)       (649)
Stock repurchase (3,864)           (3,864)  
Supplemental executive retirement plan 190     190        
Stock-based compensation expense 7,281     7,281        
Net unrealized gain (loss) on investments, net of tax provision (benefit) 8         8    
Net change in effective portion of hedging contracts, net of tax provision (benefit) (37)         (37)    
Foreign currency translation adjustment [3] 8,304         8,304    
Foreign currency translation adjustment attributable to redeemable noncontrolling interests (24)             (24) [3]
Ending Balance at Jan. 31, 2017 473,993 272 66 185,354 415,919 76,780 (204,398)  
Net income/ (loss) attributable to Movado Group, Inc. (15,225)       (15,225)      
Dividends (11,934)       (11,934)      
Tax effect of rate change on marketable securities [4]         (21) 21    
Stock options exercised (159) 1   705     (865)  
Stock repurchase (3,631)           (3,631)  
Supplemental executive retirement plan 124     124        
Stock-based compensation expense [5] 3,625     3,625        
Net unrealized gain (loss) on investments, net of tax provision (benefit) (27)         (27)    
Net change in effective portion of hedging contracts, net of tax provision (benefit) (52)         (52)    
Foreign currency translation adjustment [3] 23,621         23,621    
Ending Balance at Jan. 31, 2018 470,335 273 66 189,808 388,739 100,343 (208,894)  
Net income/ (loss) attributable to Movado Group, Inc. 61,624       61,624      
Net income/ (loss) attributable to redeemable noncontrolling interests (53)             (53)
Dividends (18,469)       (18,469)      
Adoption of new revenue recognition standard (Topic 606) (714)       (714)      
Stock options exercised 4,968 3   5,841     (876)  
Joint venture purchase               3,748
Stock repurchase (7,418)           (7,418)  
Supplemental executive retirement plan 123     123        
Stock-based compensation expense 6,042     6,042        
Net unrealized gain (loss) on investments, net of tax provision (benefit) (72)         (72)    
Net change in effective portion of hedging contracts, net of tax provision (benefit) 38         38    
Prior service cost, net of tax benefit (420)         (420)    
Conversion of Class A Stock to Common Stock   1 (1)          
Foreign currency translation adjustment [3] (19,382)         (19,382)    
Foreign currency translation adjustment attributable to redeemable noncontrolling interests 26             26 [3]
Ending Balance at Jan. 31, 2019 $ 496,655 $ 277 $ 65 $ 201,814 $ 431,180 $ 80,507 $ (217,188)  
Ending Balance at Jan. 31, 2019               $ 3,721
[1] Each share of common stock is entitled to one vote per share on all matters submitted to a vote of the shareholders.
[2] Each share of class A common stock is entitled to 10 votes per share on all matters submitted to a vote of the shareholders. Each holder of class A common stock is entitled to convert, at any time, any and all of such shares into the same number of shares of common stock. Each share of class A common stock is converted automatically into common stock in the event that the beneficial or record ownership of such shares of class A common stock is transferred to any person, except to certain family members or affiliated persons deemed “permitted transferees” pursuant to the Company’s Restated Certificate of Incorporation as amended. The class A common stock is not publicly traded and consequently, there is currently no established public trading market for these shares.
[3] The currency translation adjustment is not adjusted for income taxes to the extent that it relates to permanent investments of earnings in international subsidiaries.
[4] Due to the early adoption of ASU 2018-02, “Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income “.
[5] Stock-based compensation expense in fiscal 2018 includes $1.2 million related to the Company’s cost savings initiatives.