XML 28 R21.htm IDEA: XBRL DOCUMENT v3.25.3
Equity
 9 Months Ended
Oct. 31, 2025
Equity [Abstract]  
Equity

NOTE 11 – EQUITY

The components of equity for the three and nine months ended October 31, 2025 and 2024 are as follows (in thousands):

 

 

 

 

 

 

 

 

 

Movado Group, Inc. Shareholders' Equity

 

 

 

 

 

 

 

 

 

Preferred
Stock

 

 

Common
Stock Shares (1)

 

 

Common
Stock Amount

 

 

Class A
Common
Stock Shares (2)

 

 

Class A
Common
Stock Amount

 

 

Capital in
Excess of
Par Value

 

 

Retained
Earnings

 

 

Accumulated
Other
Comprehensive
Income

 

 

Treasury
Stock

 

 

Noncontrolling
Interest

 

 

Total
Movado
Group, Inc.
Shareholders'
Equity

 

Balance, July 31, 2025

 

$

—

 

 

 

29,299

 

 

$

293

 

 

 

6,455

 

 

$

64

 

 

$

245,632

 

 

$

435,553

 

 

$

99,499

 

 

$

(291,128

)

 

$

2,322

 

 

$

492,235

 

Net income attributable to Movado Group, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

9,583

 

 

 

 

 

 

 

 

 

78

 

 

 

9,661

 

Dividends ($0.35 per share)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(7,749

)

 

 

 

 

 

 

 

 

 

 

 

(7,749

)

Stock awards and options exercised

 

 

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(7

)

 

 

 

 

 

(7

)

Stock repurchases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—

 

Conversion of Class A Common Stock to Common Stock

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—

 

Supplemental executive retirement plan

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

24

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

24

 

Stock-based compensation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,291

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,291

 

Net unrealized gain on investments, net of tax provision of $4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

12

 

 

 

 

 

 

 

 

 

12

 

Net change in effective portion of hedging contracts, net of tax provision of $159

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

800

 

 

 

 

 

 

 

 

 

800

 

Amortization of prior service cost, net of tax provision of $3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

14

 

 

 

 

 

 

 

 

 

14

 

Foreign currency translation adjustment (3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,573

 

 

 

 

 

 

35

 

 

 

3,608

 

Balance, October 31, 2025

 

$

—

 

 

 

29,300

 

 

$

293

 

 

 

6,455

 

 

$

64

 

 

$

246,947

 

 

$

437,387

 

 

$

103,898

 

 

$

(291,135

)

 

$

2,435

 

 

$

499,889

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred
Stock

 

 

Common
Stock Shares (1)

 

 

Common
Stock Amount

 

 

Class A
Common
Stock Shares (2)

 

 

Class A
Common
Stock Amount

 

 

Capital in
Excess of
Par Value

 

 

Retained
Earnings

 

 

Accumulated
Other
Comprehensive
Income

 

 

Treasury
Stock

 

 

Noncontrolling Interest

 

 

Total
Movado
Group, Inc.
Shareholders'
Equity

 

 Balance, July 31, 2024 (As Restated)

 

$

—

 

 

 

29,170

 

 

$

292

 

 

 

6,458

 

 

$

64

 

 

$

242,039

 

 

$

449,346

 

 

$

87,802

 

 

$

(287,499

)

 

$

2,368

 

 

$

494,412

 

Net income attributable to Movado Group, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,827

 

 

 

 

 

 

 

 

 

219

 

 

 

5,046

 

Dividends ($0.35 per share)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(7,772

)

 

 

 

 

 

 

 

 

 

 

 

(7,772

)

Stock awards and options exercised

 

 

 

 

 

5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(26

)

 

 

 

 

 

(26

)

Stock repurchases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,542

)

 

 

 

 

 

(1,542

)

Conversion of Class A Common Stock to Common Stock

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—

 

Supplemental executive retirement plan

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

33

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

33

 

Stock-based compensation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,239

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,239

 

Net unrealized gain on investments, net of tax provision of $1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4

 

 

 

 

 

 

 

 

 

4

 

Net change in effective portion of hedging contracts, net of tax provision of $39

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

202

 

 

 

 

 

 

 

 

 

202

 

Amortization of prior service cost, net of tax provision of $3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13

 

 

 

 

 

 

 

 

 

13

 

Foreign currency translation adjustment (3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,241

 

 

 

 

 

 

-

 

 

 

2,241

 

Balance, October 31, 2024 (As Restated)

 

$

—

 

 

 

29,175

 

 

$

292

 

 

 

6,458

 

 

$

64

 

 

$

243,311

 

 

$

446,401

 

 

$

90,262

 

 

$

(289,067

)

 

$

2,587

 

 

$

493,850

 

 

 

 

 

 

 

 

 

 

Movado Group, Inc. Shareholders' Equity

 

 

 

 

 

 

 

 

 

Preferred
Stock

 

 

Common
Stock Shares (1)

 

 

Common
Stock Amount

 

 

Class A
Common
Stock Shares (2)

 

 

Class A
Common
Stock Amount

 

 

Capital in
Excess of
Par Value

 

 

Retained
Earnings

 

 

Accumulated
Other
Comprehensive
Income

 

 

Treasury
Stock

 

 

Noncontrolling
Interest

 

 

Total
Movado
Group, Inc.
Shareholders'
Equity

 

Balance, January 31, 2025

 

$

—

 

 

 

29,178

 

 

$

292

 

 

 

6,458

 

 

$

64

 

 

$

243,355

 

 

$

446,704

 

 

$

79,981

 

 

$

(289,067

)

 

$

2,250

 

 

$

483,579

 

Net income attributable to Movado Group, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13,989

 

 

 

 

 

 

 

 

 

90

 

 

 

14,079

 

Dividends ($1.05 per share)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(23,306

)

 

 

 

 

 

 

 

 

 

 

 

(23,306

)

Stock awards and options exercised

 

 

 

 

 

116

 

 

 

1

 

 

 

 

 

 

 

 

 

(1

)

 

 

 

 

 

 

 

 

(474

)

 

 

 

 

 

(474

)

Stock repurchases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1,594

)

 

 

 

 

 

(1,594

)

Conversion of Class A Common Stock to Common Stock

 

 

 

 

 

3

 

 

 

 

 

 

(3

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—

 

Supplemental executive retirement plan

 

 

 

 

 

3

 

 

 

 

 

 

 

 

 

 

 

 

68

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

68

 

Stock-based compensation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,525

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,525

 

Net unrealized loss on investments, net of tax benefit of ($6)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(17

)

 

 

 

 

 

 

 

 

(17

)

Net change in effective portion of hedging contracts, net of tax provision of $0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—

 

 

 

 

 

 

 

 

 

—

 

Amortization of prior service cost, net of tax provision of $10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

40

 

 

 

 

 

 

 

 

 

40

 

Foreign currency translation adjustment (3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

23,894

 

 

 

 

 

 

95

 

 

 

23,989

 

Balance, October 31, 2025

 

$

—

 

 

 

29,300

 

 

$

293

 

 

 

6,455

 

 

$

64

 

 

$

246,947

 

 

$

437,387

 

 

$

103,898

 

 

$

(291,135

)

 

$

2,435

 

 

$

499,889

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred
Stock

 

 

Common
Stock Shares (1)

 

 

Common
Stock Amount

 

 

Class A
Common
Stock Shares (2)

 

 

Class A
Common
Stock Amount

 

 

Capital in
Excess of
Par Value

 

 

Retained
Earnings

 

 

Accumulated
Other
Comprehensive
Income

 

 

Treasury
Stock

 

 

Noncontrolling Interest

 

 

Total
Movado
Group, Inc.
Shareholders'
Equity

 

 Balance, January 31, 2024 (As Restated)

 

$

—

 

 

 

29,004

 

 

$

290

 

 

 

6,483

 

 

$

64

 

 

$

239,062

 

 

$

459,409

 

 

$

92,335

 

 

$

(285,270

)

 

$

2,159

 

 

$

508,049

 

Net income attributable to Movado Group, Inc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

10,311

 

 

 

 

 

 

 

 

 

440

 

 

 

10,751

 

Dividends ($1.05 per share)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(23,319

)

 

 

 

 

 

 

 

 

 

 

 

(23,319

)

Stock awards and options exercised

 

 

 

 

 

145

 

 

 

2

 

 

 

 

 

 

 

 

 

66

 

 

 

 

 

 

 

 

 

(1,169

)

 

 

 

 

 

(1,101

)

Stock repurchases

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2,628

)

 

 

 

 

 

(2,628

)

Conversion of Class A Common Stock to Common Stock

 

 

 

 

 

25

 

 

 

 

 

 

(25

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

—

 

Supplemental executive retirement plan

 

 

 

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

89

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

89

 

Stock-based compensation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,094

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,094

 

Net unrealized gain on investments, net of tax provision of $8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

24

 

 

 

 

 

 

 

 

 

24

 

Net change in effective portion of hedging contracts, net of tax provision of $34

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

174

 

 

 

 

 

 

 

 

 

174

 

Amortization of prior service cost, net of tax provision of $10

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

37

 

 

 

 

 

 

 

 

 

37

 

Foreign currency translation adjustment (3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2,308

)

 

 

 

 

 

(12

)

 

 

(2,320

)

Balance, October 31, 2024 (As Restated)

 

$

—

 

 

 

29,175

 

 

$

292

 

 

 

6,458

 

 

$

64

 

 

$

243,311

 

 

$

446,401

 

 

$

90,262

 

 

$

(289,067

)

 

$

2,587

 

 

$

493,850

 

 

(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.