XML 61 R54.htm IDEA: XBRL DOCUMENT v3.25.2
Equity - Components of Equity (Details) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Jul. 31, 2025
Jul. 31, 2024
Beginning Balance $ 495,400 $ 491,856 $ 483,579 $ 508,049
Net income attributable to Movado Group, Inc. 3,138 3,566 4,418 5,705
Dividends (7,774) (7,774) (15,557) (15,547)
Stock awards and options exercised   (17) (467) (1,075)
Stock repurchases (1,594)   (1,594) (1,086)
Supplemental executive retirement plan 19 32 44 56
Stock-based compensation expense 1,042 1,017 2,234 2,855
Net unrealized gain (loss) on investments, net of tax (benefit) provision 1 16 (29) 20
Net change in effective portion of hedging contracts, net of tax (benefit) provision 267 (89) (800) (28)
Amortization of prior service cost, net of tax provision 13 12 26 24
Foreign currency translation adjustment [1] 1,723 5,793 20,381 (4,561)
Ending Balance 492,235 494,412 492,235 494,412
Common Stock | Common Stock Class Undefined        
Beginning Balance $ 293 $ 291 $ 292 $ 290
Beginning Balance, Shares [2] 29,296 29,132 29,178 29,004
Stock awards and options exercised   $ 1 $ 1 $ 2
Stock awards and options exercised, shares [2]   13 115 140
Conversion of Class A Common Stock to Common Stock, Share [2] 3 25 3 25
Supplemental executive retirement plan, shares [2]     3 1
Ending Balance $ 293 $ 292 $ 293 $ 292
Ending Balance, Shares [2] 29,299 29,170 29,299 29,170
Common Stock | Class A Common Stock        
Beginning Balance $ 64 $ 64 $ 64 $ 64
Beginning Balance, Shares [3] 6,458 6,483 6,458 6,483
Conversion of Class A Common Stock to Common Stock, Share [3] (3) (25) (3) (25)
Ending Balance $ 64 $ 64 $ 64 $ 64
Ending Balance, Shares [3] 6,455 6,458 6,455 6,458
Capital in Excess of Par Value        
Beginning Balance $ 244,571 $ 240,923 $ 243,355 $ 239,062
Stock awards and options exercised   67 (1) 66
Supplemental executive retirement plan 19 32 44 56
Stock-based compensation expense 1,042 1,017 2,234 2,855
Ending Balance 245,632 242,039 245,632 242,039
Retained Earnings        
Beginning Balance 440,341 453,651 446,704 459,409
Net income attributable to Movado Group, Inc. 2,986 3,469 4,406 5,484
Dividends (7,774) (7,774) (15,557) (15,547)
Ending Balance 435,553 449,346 435,553 449,346
Accumulated Other Comprehensive Income        
Beginning Balance 97,493 82,081 79,981 92,335
Net unrealized gain (loss) on investments, net of tax (benefit) provision 1 16 (29) 20
Net change in effective portion of hedging contracts, net of tax (benefit) provision 267 (89) (800) (28)
Amortization of prior service cost, net of tax provision 13 12 26 24
Foreign currency translation adjustment [1] 1,725 5,782 20,321 (4,549)
Ending Balance 99,499 87,802 99,499 87,802
Treasury Stock        
Beginning Balance (289,534) (287,414) (289,067) (285,270)
Stock awards and options exercised   (85) (467) (1,143)
Stock repurchases (1,594)   (1,594) (1,086)
Ending Balance (291,128) (287,499) (291,128) (287,499)
Noncontrolling Interest        
Beginning Balance 2,172 2,260 2,250 2,159
Net income attributable to Movado Group, Inc. 152 97 12 221
Foreign currency translation adjustment [1] (2) 11 60 (12)
Ending Balance $ 2,322 $ 2,368 $ 2,322 $ 2,368
[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.