XML 82 R49.htm IDEA: XBRL DOCUMENT v3.20.1
Equity (Details) - USD ($)
$ in Thousands
3 Months Ended
Apr. 30, 2020
Apr. 30, 2019
Beginning Balance $ 527,244 $ 496,655
Beginning Balance 3,165  
Net income/(loss) attributable to Movado Group, Inc. (149,934) 3,925
Dividends   (4,591)
Stock repurchase   (2,616)
Stock options exercised (367) (1,234)
Supplemental executive retirement plan 26 34
Stock-based compensation expense 1,572 1,638
Net unrealized gain (loss) on investments, net of tax benefit (38) 1
Amortization of prior service cost, net of tax provision 13 13
Foreign currency translation adjustment [1] (7,971) (4,184)
Ending Balance 370,545 489,641
Ending Balance 2,966 3,636
Common Stock Class Undefined    
Beginning Balance [2] 279 277
Stock options exercised [2] 1 2
Ending Balance [2] 280 279
Class A Common Stock    
Beginning Balance [3] 65 65
Ending Balance [3] 65 65
Capital in Excess of Par Value    
Beginning Balance 208,473 201,814
Stock options exercised (1) 154
Supplemental executive retirement plan 26 34
Stock-based compensation expense 1,572 1,638
Ending Balance 210,070 203,640
Retained Earnings    
Beginning Balance 455,479 431,180
Net income/(loss) attributable to Movado Group, Inc. (149,993) 3,925
Dividends   (4,591)
Ending Balance 305,486 430,514
Accumulated Other Comprehensive Income    
Beginning Balance 85,050 80,507
Net unrealized gain (loss) on investments, net of tax benefit (38) 1
Amortization of prior service cost, net of tax provision 13 13
Foreign currency translation adjustment [1] (7,951) (4,184)
Ending Balance 77,074 76,337
Treasury Stock    
Beginning Balance (222,809) (217,188)
Stock repurchase   (2,616)
Stock options exercised (367) (1,390)
Ending Balance (223,176) (221,194)
Noncontrolling Interest    
Beginning Balance 707  
Net income/(loss) attributable to Movado Group, Inc. 59  
Foreign currency translation adjustment [1] (20)  
Ending Balance 746  
Redeemable Noncontrolling Interest    
Beginning Balance 3,165 3,721
Net income/(loss) attributable to Movado Group, Inc. (155) (1)
Foreign currency translation adjustment [1] (44) (84)
Ending Balance $ 2,966 $ 3,636
[1] The currency translation adjustment is not adjusted for income taxes to the extent that it relates to permanent investments of earnings in international subsidiaries.
[2] Each share of common stock is entitled to one vote per share on all matters submitted to a vote of the shareholders.
[3] 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.