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Equity | 6 Months Ended
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Jul. 31, 2021
Equity [Abstract] |
Equity | NOTE 13 – EQUITY The components of equity for the six months ended July 31, 2021 and 2020 are as follows (in thousands):
|  |  |  |  | Movado Group, Inc. Shareholders' Equity |  |  |  |  |  |  |  |  |  |
|  | Preferred Stock |  |  | Common Stock (1) |  |  | Class A Common Stock (2) |  |  | Capital in Excess of Par Value |  |  | Retained Earnings |  |  | Accumulated Other Comprehensive Income |  |  | Treasury Stock |  |  | Noncontrolling Interest |  |  | Total Movado Group, Inc. Shareholders' Equity |  |  | Redeemable Noncontrolling Interest |
Balance, January 31, 2021 |  | $ | — |  |  | $ | 281 |  |  | $ | 65 |  |  | $ | 214,043 |  |  | $ | 341,641 |  |  | $ | 92,540 |  |  | $ | (223,306 | ) |  | $ | 2,070 |  |  | $ | 427,334 |  |  | $ | 2,600 |
Net income/(loss) attributable to Movado Group, Inc. |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 28,819 |  |  |  |  |  |  |  |  |  | 424 |  |  |  | 29,243 |  |  |  | (91 | )
Dividends ($0.40 per share) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (9,298 | ) |  |  |  |  |  |  |  |  |  |  |  | (9,298 | ) |  |  |
Stock options exercised |  |  |  |  |  | 3 |  |  |  |  |  |  | 621 |  |  |  |  |  |  |  |  |  | (1,654 | ) |  |  |  |  |  | (1,030 | ) |  |  |
Stock repurchase |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (9,975 | ) |  |  |  |  |  | (9,975 | ) |  |  |
Supplemental executive retirement plan |  |  |  |  |  |  |  |  |  |  |  | 57 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 57 |  |  |  |
Stock-based compensation expense |  |  |  |  |  |  |  |  |  |  |  | 2,784 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,784 |  |  |  |
Net unrealized gain on investments, net of tax provision of $8 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 25 |  |  |  |  |  |  |  |  |  | 25 |  |  |  |
Amortization of prior service cost, net of tax provision of $8 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 29 |  |  |  |  |  |  |  |  |  | 29 |  |  |  |
Foreign currency translation adjustment (3) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (2,108 | ) |  |  |  |  |  | (102 | ) |  |  | (2,210 | ) |  |  | (66 | )
Balance, July 31, 2021 |  | $ | — |  |  | $ | 284 |  |  | $ | 65 |  |  | $ | 217,505 |  |  | $ | 361,162 |  |  | $ | 90,486 |  |  | $ | (234,935 | ) |  | $ | 2,392 |  |  | $ | 436,959 |  |  | $ | 2,443 |
|  | Preferred Stock |  |  | Common Stock (1) |  |  | Class A Common Stock (2) |  |  | Capital in Excess of Par Value |  |  | Retained Earnings |  |  | Accumulated Other Comprehensive Income |  |  | Treasury Stock |  |  | Noncontrolling Interest |  |  | Total Movado Group, Inc. Shareholders' Equity |  |  | Redeemable Noncontrolling Interest |
Balance, January 31, 2020 |  | $ | — |  |  | $ | 279 |  |  | $ | 65 |  |  | $ | 208,473 |  |  | $ | 455,479 |  |  | $ | 85,050 |  |  | $ | (222,809 | ) |  | $ | 707 |  |  | $ | 527,244 |  |  | $ | 3,165 |
Net (loss)/income attributable to Movado Group, Inc. |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (156,608 | ) |  |  |  |  |  |  |  |  | 222 |  |  |  | (156,386 | ) |  |  | (325 | )
Stock options exercised |  |  |  |  |  | 2 |  |  |  |  |  |  | (2 | ) |  |  |  |  |  |  |  |  | (474 | ) |  |  |  |  |  | (474 | ) |  |  |
Supplemental executive retirement plan |  |  |  |  |  |  |  |  |  |  |  | 48 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 48 |  |  |  |
Stock-based compensation expense (4) |  |  |  |  |  |  |  |  |  |  |  | 3,109 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,109 |  |  |  |
Net unrealized loss on investments, net of tax benefit of $11 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (32 | ) |  |  |  |  |  |  |  |  | (32 | ) |  |  |
Amortization of prior service cost, net of tax provision of $8 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 28 |  |  |  |  |  |  |  |  |  | 28 |  |  |  |
Foreign currency translation adjustment (3) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,063 |  |  |  |  |  |  | 59 |  |  |  | 1,122 |  |  |  | 197 |
Balance, July 31, 2020 |  | $ | — |  |  | $ | 281 |  |  | $ | 65 |  |  | $ | 211,628 |  |  | $ | 298,871 |  |  | $ | 86,109 |  |  | $ | (223,283 | ) |  | $ | 988 |  |  | $ | 374,659 |  |  | $ | 3,037 |
(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) Includes $0.4 million related to the Restructuring Plan of the corporate initiatives.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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