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Segment and Geographic Information (Tables)

6 Months Ended

Jul. 31, 2025

Segment Reporting [Abstract]

Operating Segment Data

Operating Segment Data for the Three Months Ended July 31, 2025 and 2024 (in thousands):

		Net Sales
		2025				2024
						(As Restated)
Watch and Accessory Brands:
Owned brands category		$	42,120			$	45,364
Licensed brands category			92,419				84,389
After-sales service and all other			1,138				1,858
Total Watch and Accessory Brands			135,677				131,611
Company Stores			26,152				25,389
Consolidated total		$	161,829			$	157,000

		Watch and Accessory Brands			Company Stores			Consolidated Total				Watch and Accessory Brands			Company Stores			Consolidated Total
		2025			2025			2025				2024			2024			2024
												(As Restated)						(As Restated)
Net sales		$	135,677		$	26,152		$	161,829			$	131,611		$	25,389		$	157,000
Cost of sales			63,831			10,433			74,264				61,478			10,270			71,748
Gross profit			71,846			15,719			87,565				70,133			15,119			85,252
Selling, general and administrative			72,015			11,543			83,558				71,171			11,439			82,610
Operating (loss)/income (1) (2)		$	(169	)	$	4,176		$	4,007			$	(1,038	)	$	3,680		$	2,642
Other income, net									1,202										1,877
Interest expense									(110	)									(110	)
Income before income taxes								$	5,099									$	4,409
Depreciation and amortization		$	1,825		$	552		$	2,377			$	1,752		$	542		$	2,294

(1)The operating loss in the Watch and Accessory Brands Segment included $10.7 million and $5.5 million of unallocated corporate expenses for the three months ended July 31, 2025 and 2024, respectively, and $14.6 million and $14.1 million of certain intercompany profits related to the Company's supply chain operations for the three months ended July 31, 2025 and 2024, respectively.

(2)The operating loss in the Watch and Accessory Brands segment for the three months ended July 31, 2025, included a pre-tax charge of $0.9 million related to the Company's cost-savings initiative and a pre-tax charge of $2.1 million of professional fees related to the investigation of allegations of misconduct within the Dubai branch of the Company's Swiss subsidiary.

Operating Segment Data as of and for the Six Months Ended July 31, 2025 and 2024 (in thousands):

		Net Sales
		2025				2024
Watch and Accessory Brands:						(As Restated)
Owned brands category		$	75,252			$	85,303
Licensed brands category			172,662				158,464
After-sales service and all other			2,565				4,956
Total Watch and Accessory Brands			250,479				248,723
Company Stores			43,119				42,656
Consolidated total		$	293,598			$	291,379

		Watch and Accessory Brands			Company Stores			Consolidated Total				Watch and Accessory Brands			Company Stores			Consolidated Total
		2025			2025			2025				2024			2024			2024
												(As Restated)						(As Restated)
Net sales		$	250,479		$	43,119		$	293,598			$	248,723		$	42,656		$	291,379
Cost of sales			117,789			16,894			134,683				116,558			16,649			133,207
Gross profit			132,690			26,225			158,915				132,165			26,007			158,172
Selling, general and administrative			132,868			21,749			154,617				131,543			21,869			153,412
Operating (loss)/income (1) (2)		$	(178	)	$	4,476		$	4,298			$	622		$	4,138		$	4,760
Other income, net									2,962										4,049
Interest expense									(221	)									(228	)
Income before income taxes								$	7,039									$	8,581
Depreciation and amortization		$	3,560		$	1,097		$	4,657			$	3,475		$	1,107		$	4,582

(1)The operating (loss)/income in the Watch and Accessory Brands Segment included $18.7 million and $15.0 million of unallocated corporate expenses for the six months ended July 31, 2025 and 2024, respectively, and $28.6 million and $28.3 million of certain intercompany profits related to the Company's supply chain operations for the six months ended July 31, 2025 and 2024, respectively.

(2)The operating loss in the Watch and Accessory Brands segment for the six months ended July 31, 2025, included a pre-tax charge of $1.5 million related to the Company's cost-savings initiative and a pre-tax charge of $2.1 million of professional fees related to the investigation of allegations of misconduct within the Dubai branch of the Company's Swiss subsidiary.

		Total Assets												Capital Expenditures
		July 31,  2025				January 31,  2025				July 31,  2024				July 31,  2025				July 31,  2024
										(As Restated)
Watch and Accessory Brands		$	687,465			$	668,403			$	683,021			$	1,896			$	2,494
Company Stores			61,254				60,828				59,459				930				1,419
Consolidated total		$	748,719			$	729,231			$	742,480			$	2,826			$	3,913

Geographic Segment Data

Geographic Location Data for the Three Months Ended July 31, 2025 and 2024 (in thousands):

		Net Sales
		2025				2024
						(As Restated)
United States		$	69,429			$	70,575
International			92,400				86,425
Consolidated total		$	161,829			$	157,000

United States and International net sales are net of intercompany sales of $82.1 million and $73.5 million for the three months ended July 31, 2025 and 2024, respectively.

Geographic Location Data as of and for the Six Months Ended July 31, 2025 and 2024 (in thousands):

		Net Sales
		2025				2024
						(As Restated)
United States		$	124,129			$	126,139
International			169,469				165,240
Consolidated total		$	293,598			$	291,379

United States and International net sales are net of intercompany sales of $156.1 million and $144.0 million for the six months ended July 31, 2025 and 2024, respectively.

		Long-Lived Assets
		July 31,  2025				January 31,  2025				July 31,  2024
United States		$	69,596			$	75,160			$	74,440
International			26,730				30,769				31,225
Consolidated total		$	96,326			$	105,929			$	105,665

		Operating Right-of-Use Assets
		July 31,  2025				January 31,  2025				July 31,  2024
United States		$	56,697			$	61,916			$	61,351
International			20,433				24,093				23,999
Consolidated total		$	77,130			$	86,009			$	85,350

		Property, Plant and Equipment, Net
		July 31,  2025				January 31,  2025				July 31,  2024
United States		$	12,899			$	13,244			$	13,089
International			6,297				6,676				7,226
Consolidated total		$	19,196			$	19,920			$	20,315

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- Definition

Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries.

+ References

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-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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