XML 61 R54.htm IDEA: XBRL DOCUMENT v3.25.3
Equity - Components of Equity (Details) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Oct. 31, 2025
Oct. 31, 2024
Oct. 31, 2025
Oct. 31, 2024
Beginning Balance $ 492,235 $ 494,412 $ 483,579 $ 508,049
Net income attributable to Movado Group, Inc. 9,661 5,046 14,079 10,751
Dividends (7,749) (7,772) (23,306) (23,319)
Stock awards and options exercised (7) (26) (474) (1,101)
Stock repurchases   (1,542) (1,594) (2,628)
Supplemental executive retirement plan 24 33 68 89
Stock-based compensation expense 1,291 1,239 3,525 4,094
Net unrealized gain (loss) on investments, net of tax (benefit) provision 12 4 (17) 24
Net change in effective portion of hedging contracts, net of tax (benefit) provision 800 202   174
Amortization of prior service cost, net of tax provision 14 13 40 37
Foreign currency translation adjustment 3,608 2,241 [1] 23,989 (2,320) [1]
Ending Balance 499,889 493,850 499,889 493,850
Common Stock | Common Stock Class Undefined        
Beginning Balance $ 293 $ 292 $ 292 $ 290
Beginning Balance, Shares [2] 29,299 29,170 29,178 29,004
Stock awards and options exercised     $ 1 $ 2
Stock awards and options exercised, shares [2] 1 5 116 145
Conversion of Class A Common Stock to Common Stock, Share [2]     3 25
Supplemental executive retirement plan, shares [2]     3 1
Ending Balance $ 293 $ 292 $ 293 $ 292
Ending Balance, Shares [2] 29,300 29,175 29,300 29,175
Common Stock | Class A Common Stock        
Beginning Balance $ 64 $ 64 $ 64 $ 64
Beginning Balance, Shares [3] 6,455 6,458 6,458 6,483
Conversion of Class A Common Stock to Common Stock, Share [3]     (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 $ 245,632 $ 242,039 $ 243,355 $ 239,062
Stock awards and options exercised     (1) 66
Supplemental executive retirement plan 24 33 68 89
Stock-based compensation expense 1,291 1,239 3,525 4,094
Ending Balance 246,947 243,311 246,947 243,311
Retained Earnings        
Beginning Balance 435,553 449,346 446,704 459,409
Net income attributable to Movado Group, Inc. 9,583 4,827 13,989 10,311
Dividends (7,749) (7,772) (23,306) (23,319)
Ending Balance 437,387 446,401 437,387 446,401
Accumulated Other Comprehensive Income        
Beginning Balance 99,499 87,802 79,981 92,335
Net unrealized gain (loss) on investments, net of tax (benefit) provision 12 4 (17) 24
Net change in effective portion of hedging contracts, net of tax (benefit) provision 800 202   174
Amortization of prior service cost, net of tax provision 14 13 40 37
Foreign currency translation adjustment 3,573 2,241 [1] 23,894 (2,308) [1]
Ending Balance 103,898 90,262 103,898 90,262
Treasury Stock        
Beginning Balance (291,128) (287,499) (289,067) (285,270)
Stock awards and options exercised (7) (26) (474) (1,169)
Stock repurchases   (1,542) (1,594) (2,628)
Ending Balance (291,135) (289,067) (291,135) (289,067)
Noncontrolling Interest        
Beginning Balance 2,322 2,368 2,250 2,159
Net income attributable to Movado Group, Inc. 78 219 90 440
Foreign currency translation adjustment 35 0 95 (12) [1]
Ending Balance $ 2,435 $ 2,587 $ 2,435 $ 2,587
[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.