Movado (MOV) 10-Q 26 Aug 21 2022 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 31, 2021	Aug. 23, 2021
Document Type	10-Q
Amendment Flag	false
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Document Period End Date	Jul. 31, 2021
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Trading Symbol	MOV
Entity Registrant Name	MOVADO GROUP, INC.
Entity Central Index Key	0000072573
Current Fiscal Year End Date	--01-31
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	1-16497
Entity Tax Identification Number	13-2595932
Entity Address, Address Line One	650 From Road
Entity Address, Address Line Two	Ste. 375
Entity Address, City or Town	Paramus
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07652-3556
City Area Code	201
Local Phone Number	267-8000
Document Quarterly Report	true
Document Transition Report	false
Entity Incorporation, State or Country Code	NY
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, par value $0.01 per share
Security Exchange Name	NYSE
Common Stock Class Undefined
Entity Common Stock, Shares Outstanding		16,506,169
Class A Common Stock
Entity Common Stock, Shares Outstanding		6,536,960

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands		Jul. 31, 2021	Jan. 31, 2021	Jul. 31, 2020
Current assets:
Cash and cash equivalents		$ 199,721	$ 223,811	$ 170,195
Trade receivables, net		89,710	76,931	60,128
Inventories		183,289	152,580	173,374
Other current assets		23,144	23,479	29,098
Income taxes receivable		8,602	24,850	758
Total current assets		504,466	501,651	433,553
Property, plant and equipment, net		19,656	22,349	25,888
Operating lease right-of-use assets		71,253	76,070	82,169
Deferred and non-current income taxes		41,579	42,507	59,747
Other intangibles, net		15,550	17,081	18,071
Other non-current assets		58,394	59,599	60,261
Total assets		710,898	719,257	679,689
Current liabilities:
Accounts payable		45,670	28,187	29,929
Accrued liabilities		50,329	51,124	45,509
Accrued payroll and benefits		13,864	18,047	12,431
Current operating lease liabilities		14,863	15,861	14,766
Income taxes payable		10,379	14,452	6,774
Total current liabilities		135,105	127,671	109,409
Loans payable to bank			21,230	48,341
Deferred and non-current income taxes payable		20,185	21,895	20,743
Non-current operating lease liabilities		64,520	68,412	75,376
Other non-current liabilities		51,686	50,115	48,124
Total liabilities		271,496	289,323	301,993
Commitments and contingencies (Note 11)
Redeemable noncontrolling interest		2,443	2,600	3,037
Equity:
Preferred Stock, $0.01 par value, 5,000,000 shares authorized; no shares issued		0	0	0
Capital in excess of par value		217,505	214,043	211,628
Retained earnings		361,162	341,641	298,871
Accumulated other comprehensive income		90,486	92,540	86,109
Treasury Stock, 11,881,311, 11,492,591 and 11,490,610 shares, respectively, at cost		(234,935)	(223,306)	(223,283)
Total Movado Group, Inc. shareholders' equity		434,567	425,264	373,671
Noncontrolling interest		2,392	2,070	988
Total equity		436,959	427,334	374,659
Total liabilities, redeemable noncontrolling interest and equity		710,898	719,257	679,689
Common Stock Class Undefined
Equity:
Common Stock		284	281	281
Total equity	[1]	284	281	281
Class A Common Stock
Equity:
Common Stock		65	65	65
Total equity	[2]	$ 65	$ 65	$ 65
[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.

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (PARENTHETICAL) - $ / shares	Jul. 31, 2021	Jan. 31, 2021	Jul. 31, 2020
Preferred Stock, par value	$ 0.01	$ 0.01	$ 0.01
Preferred Stock, shares authorized	5,000,000	5,000,000	5,000,000
Preferred Stock, shares issued	0	0	0
Treasury Stock, shares	11,881,311	11,492,591	11,490,610
Common Stock Class Undefined
Common Stock, par value	$ 0.01	$ 0.01	$ 0.01
Common Stock, shares authorized	100,000,000	100,000,000	100,000,000
Common Stock, shares issued	28,414,699	28,078,241	28,063,179
Common Stock, shares outstanding	28,414,699	28,078,241	28,063,179
Class A Common Stock
Common Stock, par value	$ 0.01	$ 0.01	$ 0.01
Common Stock, shares authorized	30,000,000	30,000,000	30,000,000
Common Stock, shares issued	6,536,960	6,610,509	6,608,548
Common Stock, shares outstanding	6,536,960	6,610,509	6,608,548

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021		Jul. 31, 2020
Income Statement [Abstract]
Net sales		$ 173,874	$ 88,538	$ 308,672		$ 158,204
Cost of sales		75,421	43,182	136,017		80,955
Gross profit		98,453	45,356	172,655		77,249
Selling, general and administrative		73,820	54,272	134,766		112,409
Impairment of goodwill and intangible assets (Note 6)		0	0	0		155,919
Total operating expenses		73,820	54,272	134,766		268,328
Operating income/(loss)	[1],[2]	24,633	(8,916)	37,889	[3]	(191,079)	[3]
Non-operating income/(expense):
Other income		257	8	357		23
Gain on sale of a non-operating asset		0	1,317	0		1,317
Interest expense		(174)	(590)	(449)		(861)
Income/(loss) before income taxes		24,716	(8,181)	37,797		(190,600)
Provision/(benefit) for income taxes (Note 12)		5,315	(1,559)	8,645		(33,889)
Net income/(loss)		19,401	(6,622)	29,152		(156,711)
Less: Net income/(loss) attributable to noncontrolling interests		(9)	(7)	333		(103)
Net income/(loss) attributable to Movado Group, Inc.		$ 19,410	$ (6,615)	$ 28,819		$ (156,608)
Basic income/(loss) per share:
Weighted basic average shares outstanding		23,332	23,240	23,326		23,191
Net income/(loss) per share attributable to Movado Group, Inc.		$ 0.83	$ (0.28)	$ 1.24		$ (6.75)
Diluted income/(loss) per share:
Weighted diluted average shares outstanding		23,739	23,240	23,736		23,191
Net income/(loss) per share attributable to Movado Group, Inc.		$ 0.82	$ (0.28)	$ 1.21		$ (6.75)
[1]	For the three months ended July 2020, in the United States locations and the International locations of the Watch and Accessory Brands segment, operating (loss)/income included a charge of $ 6.6 million and $ 0.8 million, respectively, related to the corporate initiatives that the Company took in response to the impact on its business due to the COVID-19 pandemic. For the six months ended July 2020, in the United States locations and the International locations of the Watch and Accessory Brands segment, operating loss included a charge of $ 11.3 million and $ 3.3 million, respectively, related to the corporate initiatives that the Company took in response to the impact on its business due to the COVID-19 pandemic.
[2]	For the three months ended July 31, 2021 and 2020, and for the six months ended July 31, 2021 and 2020, in the United States locations of the Watch and Accessory Brands segment, operating income/(loss) included a charge of $ 0.1 million, $ 0.3 million, $ 0.2 million and $ 1.0 million, respectively, related to the amortization of intangible assets, deferred compensation and certain acquisition accounting adjustments associated with the MVMT brand. In addition, in the International locations of the Watch and Accessory Brands segment for the three months ended July 31, 2021 and 2020, and for the six months ended July 31, 2021 and 2020, operating income/(loss) included a charge of $ 0.7 million, $ 0.7 million, $ 1.4 and $ 1.4 million, respectively, related to the amortization of acquired intangible assets as a result of the Company’s acquisition of the Olivia Burton brand.
[3]	For the six months ended July 31, 2020, in the United States locations of the Watch and Accessory Brands segment, operating loss included a charge of $ 99.7 million, related to the impairment of goodwill and intangible assets associated with the MVMT brand. In addition, in the International locations of the Watch and Accessory Brands segment, for the six months ended July 31, 2020, operating loss included a charge of $ 56.2 million related to the impairment of goodwill associated with the Olivia Burton brand and City Time Joint Venture.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net income/(loss)	$ 19,401	$ (6,622)	$ 29,152	$ (156,711)
Other comprehensive income/(loss):
Net unrealized (loss)/gain on investments, net of tax (benefit)/provision of $(6), $2, $8 and $(11), respectively	(16)	6	25	(32)
Amortization of prior service cost, net of tax provision of $4, $4, $8 and $8, respectively	15	15	29	28
Foreign currency translation adjustments	1,081	9,014	(2,108)	1,063
Total other comprehensive income/(loss), net of taxes	1,080	9,035	(2,054)	1,059
Comprehensive (loss)/income attributable to noncontrolling interests:
Net (loss)/income	(9)	(7)	333	(103)
Foreign currency translation adjustments	(159)	320	(168)	256
Total comprehensive (loss)/income attributable to noncontrolling interests	(168)	313	165	153
Total comprehensive income/(loss) attributable to Movado Group, Inc.	$ 20,649	$ 2,100	$ 26,933	$ (155,805)

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (PARENTHETICAL) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Statement Of Income And Comprehensive Income [Abstract]
Net unrealized (loss)/gain on investments, tax (benefit)/provision	$ (6)	$ 2	$ 8	$ (11)
Amortization of prior service cost, tax provision	$ 4	$ 4	$ 8	$ 8

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2021	Jul. 31, 2020
Cash flows from operating activities:
Net income/(loss) attributable to Movado Group, Inc.	$ 28,819	$ (156,608)
Adjustments to reconcile net (loss)/income to net cash used in operating activities:
Impairment of goodwill and intangible assets	0	155,919
Non-cash corporate initiatives	0	6,608
Gain on sale of a non-operating asset	0	(1,317)
Depreciation and amortization	6,283	7,200
Transactional (gains)/losses	(497)	237
Provision for inventories and accounts receivable	2,128	1,148
Deferred income taxes	825	(36,721)
Stock-based compensation	2,784	2,727
Other	456	93
Changes in assets and liabilities:
Trade receivables	(13,245)	16,847
Inventories	(33,771)	(1,505)
Other current assets	1,138	(2,415)
Accounts payable	17,992	(5,662)
Accrued liabilities	1,515	664
Accrued payroll and benefits	(4,100)	5,846
Income taxes receivable	17,986	0
Income taxes payable	(6,317)	(4,145)
Other non-current assets	620	(845)
Other non-current liabilities	62	553
Net cash provided by/(used in) operating activities	22,678	(11,376)
Cash flows from investing activities:
Capital expenditures	(1,786)	(1,891)
Proceeds from sale of a non-operating asset	0	1,317
Trademarks and other intangibles	(133)	(51)
Net cash used in investing activities	(1,919)	(625)
Cash flows from financing activities:
Repayment of bank borrowings	(21,140)	(36,772)
Proceeds from bank borrowings	0	30,879
Dividends paid	(11,618)	0
Stock repurchase	(9,975)	0
Stock awards and options exercised and other changes	(1,030)	(474)
Debt issuance cost	0	(300)
Net cash used in financing activities	(43,763)	(6,667)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(1,096)	3,022
Net decrease in cash, cash equivalents and restricted cash	(24,100)	(15,646)
Cash, cash equivalents and restricted cash at beginning of year	224,423	186,438
Cash, cash equivalents and restricted cash at end of period	200,323	170,792
Reconciliation of cash, cash equivalents, and restricted cash:
Cash and cash equivalents	199,721	170,195
Restricted cash included in other non-current assets	602	597
Cash, cash equivalents and restricted cash at end of period	$ 200,323	$ 170,792

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jul. 31, 2021
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	NOTE 1 – BASIS OF PRESENTATION The accompanying interim unaudited Consolidated Financial Statements have been prepared by Movado Group, Inc. (the “Company”), in a manner consistent with that used in the preparation of the annual audited Consolidated Financial Statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2021 (the “2021 Annual Report on Form 10-K”). The unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America, which require the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the dates of the unaudited Consolidated Financial Statements and the reported amounts of revenues and expenses during the periods reported. Actual results could differ from those estimates. In the opinion of management, the accompanying unaudited Consolidated Financial Statements reflect all adjustments, consisting of only normal and recurring adjustments, necessary for a fair statement of the financial position and results of operations for the periods presented. The consolidated balance sheet data at January 31, 2021 is derived from the audited annual financial statements, which are included in the Company’s 2021 Annual Report on Form 10-K and should be read in connection with these interim unaudited financial statements. Operating results for the interim periods presented are not necessarily indicative of the results that may be expected for the full year.

Impact of the COVID-19 Pandemic

Impact of the COVID-19 Pandemic	6 Months Ended
	Jul. 31, 2021
Extraordinary And Unusual Items [Abstract]
Impact of the COVID-19 Pandemic	NOTE 2 – IMPACT OF THE COVID-19 PANDEMIC In December 2019, COVID-19 emerged and subsequently spread worldwide. The World Health Organization declared COVID-19 a pandemic in March 2020, resulting in federal, state and local governments and other authorities mandating various restrictions, including travel restrictions, quarantines and other social distancing requirements. As a result of the outbreak, in mid-March 2020, the Company and the majority of the Company’s wholesale customers temporarily closed all of their retail stores due to health concerns associated with COVID-19. Although the Company reopened all of its retail stores during the second quarter of fiscal 2021 and most of the Company’s brick and mortar wholesale customers have reopened the majority of their retail locations as well, the discretionary consumer goods segment remains challenged at brick and mortar retail locations in many regions. The Company entered this period of uncertainty with a healthy liquidity position, and it took actions to enhance its financial liquidity and flexibility, including minimizing all non-essential operating expenses (including marketing, travel and consulting services), reevaluating all capital expenditures, furloughing approximately 80 % of the Company’s North American workforce during March through June 2020 and temporarily reducing the work-rate of international employees while applying for available government payroll subsidies in accordance with local government guidelines and programs, suspending the Company’s share repurchase program and regular quarterly dividends, reducing salaries and suspending Board of Director fees from April through June 2020, amending license agreements to reduce its royalty obligations in fiscal 2021 and negotiating rent abatements in respect of its rent obligations for its Company Stores and certain other leases. As a precautionary measure, the Company borrowed an additional $ 30.9 million under its revolving credit facility in March 2020 and amended its revolving credit facility to modify some of its financial covenants (see Note 8 – Debt and Lines of Credit). During fiscal 2021 the Company repaid $ 64.5 million under its revolving credit facility and repaid an additional $ 21.1 million during the first six months of fiscal 2022. At July 31, 2021, zero remained outstanding under the Company’s revolving credit facility. As part of the Company’s efforts to continue to reduce operating expenses and adjust cash flows in light of the economic challenges resulting from the COVID-19 pandemic, the Company committed to a restructuring plan (the “Restructuring Plan”) on June 29, 2020 (see Note 5 – Restructuring Provision for further discussion). The Company evaluates its long-lived assets, operating lease right of use assets, goodwill and intangible assets for indicators of impairment at least annually in the fourth quarter of each fiscal year or whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. Given the substantial reduction in the Company’s sales and the reduced cash flow projections as a result of closures of the Company’s retail stores and those of its wholesale customers due to the COVID-19 pandemic, as well as the significant decline in the Company’s market capitalization, the Company determined that a triggering event occurred during the first quarter of fiscal 2021 and that an impairment assessment was warranted for goodwill and intangible assets. This analysis resulted in impairment charges related to goodwill of $ 133.7 million and intangible assets of $ 22.2 million in the first quarter of fiscal 2021. See Note 6 – Goodwill and Intangible Assets – for a further discussion of these impairments. Although the full magnitude of the effects on the Company’s business is difficult to predict at this time, the COVID-19 pandemic is expected to continue to impact the Company’s results of operations for the foreseeable future. In addition to the resurgence of COVID-19 cases in many regions which has resulted in the reimposition or tightening of containment and mitigation measures in many countries, the ongoing economic impacts and health concerns associated with the pandemic will likely continue to affect consumer behavior, spending levels, shopping preferences and tourism. Nevertheless, the pandemic’s adverse impact on the Company has significantly diminished in recent quarters and the Company believes that based on the Company’s current expectations, cash flows from operations and its credit lines and cash on-hand, the Company has adequate funds to support its operating, capital and debt service requirements and expects to maintain compliance with its debt covenants for the next twelve months subsequent to the issuance of these financial statements.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jul. 31, 2021
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	NOTE 3 – RECENT ACCOUNTING PRONOUNCEMENTS In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting”. This guidance provides practical expedients for contract modifications and certain hedging relationships associated with the transition from reference rates that are expected to be discontinued. This guidance is applicable for the Company’s borrowing instruments, which use LIBOR as a reference rate, and is effective immediately, but is only available through December 31, 2022. The Company is evaluating the optional expedients and exceptions in the guidance and while transition from LIBOR could have an adverse impact on the market for or value of any LIBOR-linked securities, loans, derivatives or other financial instruments or extensions held by or due, the Company does not expect such nor the adoption of this standard to have a material impact on its Consolidated Financial Statements.

Earnings Per Share and Cash Div

Earnings Per Share and Cash Dividends	6 Months Ended
	Jul. 31, 2021
Earnings Per Share [Abstract]
Earnings Per Share and Cash Dividends	NOTE 4 – EARNINGS PER SHARE AND CASH DIVIDENDS The Company presents net income/(loss) attributable to Movado Group, Inc. after adjusting for noncontrolling interests, as applicable, per share on a basic and diluted basis. Basic earnings per share is computed using weighted-average shares outstanding during the period. Diluted earnings per share is computed using the weighted-average number of shares outstanding adjusted for dilutive common stock equivalents. The number of shares used in calculating basic and diluted earnings (loss) per share is as follows (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2021 2020 2021 2020 Weighted average common shares outstanding: Basic 23,332 23,240 23,326 23,191 Effect of dilutive securities: Stock awards and options to purchase shares of 407 — 410 — Diluted 23,739 23,240 23,736 23,191 For the three months ended July 31, 2021 and 2020, approximately 365,000 and 960,000 , respectively, of potentially dilutive common stock equivalents were excluded from the computation of diluted earnings per share because their effect would have been antidilutive. For the six months ended July 31, 2021 and 2020, approximately 319,000 and 921,000 , respectively, of potentially dilutive common stock equivalents were excluded from the computation of diluted earnings per share because their effect would have been antidilutive. For the three and six months ended July 31, 2020, the Company also had approximately 41,000 and 84,000 stock options outstanding, respectively, that could potentially dilute earnings per share in future periods that were excluded from the computation of diluted EPS because their effect would have been anti-dilutive given the net loss during the period. On May 27, 2021, the Company declared a quarterly cash dividend of $ 0.20 per share payable on June 23, 2021, to shareholders of record on June 9, 2021 . The total dividend of $ 4.7 million was paid on June 23, 2021 . On March 25, 2021, the Company declared a quarterly cash dividend of $ 0.20 per share payable on April 21, 2021, to shareholders of record on April 7, 2021 . The total dividend of $ 4.6 million was paid on April 21, 2021 . In addition, the Company paid a cash dividend on February 5, 2021 in the amount of $ 2.3 million to shareholders of record on January 21, 2021 of $ 0.10 per share. During the first and second quarters of fiscal 2021 the Company did no t declare quarterly cash dividends.

Restructuring Provision

Restructuring Provision	6 Months Ended
	Jul. 31, 2021
Restructuring Charges [Abstract]
Restructuring Provision	NOTE 5 – RESTRUCTURING PROVISION On June 29, 2020, the Company committed to a Restructuring Plan as part of the Company’s corporate initiatives to reduce operating expenses and adjust cash flows in light of the ongoing economic challenges resulting from the COVID-19 pandemic and its impact on the Company’s business. The Restructuring Plan was completed during the second quarter of fiscal 2021, although cash severance will be paid over time and such payments continue in the current fiscal year. Of the total $ 12.6 million provision recorded in fiscal 2021, $ 8.1 million has been paid out through the second quarter of fiscal 2022 ($ 6.7 million of which was paid out during fiscal 2021), approximately $ 1.1 million is expected to result in cash payments during the remainder of the current fiscal year with the remaining $ 1.3 million resulting in non-cash use ($ 2.1 million had been used in fiscal 2021). The Company expects annual savings in the range of $ 14 million to $ 16 million in respect of severance and employee-related initiatives and property-related initiatives (the latter being contained within Other in the table below). A summary rollforward of the provision related to the Company’s corporate initiatives, including the provision associated with the Restructuring Plan, is as follows for the six months ended July 31, 2021 (in thousands): Balance January 31, 2021 Provision Non-Cash Use Cash Payments Balance July 31, 2021 Restructuring Plan: Severance and Employee Related (1) $ 2,378 $ — $ — $ ( 1,350 ) $ 1,028 Other (2) 51 — — ( 6 ) 45 Other Corporate Initiatives: Severance and Employee Related — — — — — Inventory (3) 407 — ( 45 ) — 362 Accounts receivable (4) 926 — — — 926 Other (2) 19 — — — 19 Total $ 3,781 $ — $ ( 45 ) $ ( 1,356 ) $ 2,380 A summary rollforward of the provision related to the Company’s corporate initiatives, including the provision associated with the Restructuring Plan, is as follows for the six months ended July 31, 2020 (in thousands): Balance January 31, 2020 Provision Non-Cash Use Cash Payments Balance July 31, 2020 Restructuring Plan: Severance and Employee Related $ — $ 6,966 $ — $ ( 1,160 ) $ 5,806 Other (2) — 402 ( 198 ) ( 115 ) 89 Other Corporate Initiatives: Severance and Employee Related — 936 — ( 395 ) 541 Inventory (3) — 3,507 ( 47 ) — 3,460 Accounts receivable (4) — 1,075 — — 1,075 Other — 1,722 ( 1,518 ) ( 167 ) 37 Total $ — $ 14,608 $ ( 1,763 ) $ ( 1,837 ) $ 11,008 The following amounts are included in the Consolidated Balance Sheet at July 31, 2021: (1) $ 0.6 million included in Accrued payroll and benefits and $ 0.4 million included in Capital in excess of par value. (2) Balance included in Accrued liabilities. (3) Reserve included in Inventories. (4) Reserve included in Trade receivables, net. At July 31, 2020, included in Other is approximately a $ 1.5 million write-off related to unrefunded deposits for a canceled global customer event. The corporate initiative costs by operating segment are as follows: For the Three Months Ended July 31, 2020 Provision For the Six Months Ended July 31, 2020 Provision Watch and Accessory Brands: United States $ 6,631 $ 11,335 International 737 3,273 Total Watch and Accessory Brands 7,368 14,608 Total Company Stores — — Total Consolidated $ 7,368 $ 14,608 Cost of sales $ — $ 3,508 Selling, general and administrative 7,368 11,100 Total $ 7,368 $ 14,608 There was no provision for restructuring during the first and second quarters of fiscal 2022.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jul. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	NOTE 6 – GOODWILL AND INTANGIBLE ASSETS The Company performs its annual impairment assessment of goodwill as well as brand intangibles at the beginning of the fourth quarter of each fiscal year or if an event occurs that would more likely than not reduce the fair value below its carrying amount. During the three months ended April 30, 2020, in light of the COVID-19 pandemic that resulted in the closing of the Company’s stores and of the vast majority of the stores of the Company’s wholesale customers (resulting in a decrease in revenues and gross margin), a decrease in customer spending and decline in the Company’s market capitalization, the Company concluded that a triggering event had occurred during the first quarter of fiscal 2021, resulting in the need to perform a quantitative interim impairment assessment over the Company’s Olivia Burton, MVMT and Company Stores’ long-lived assets as well as the Watch and Accessory Brands reporting unit. The Company performed recoverability tests for the long-lived assets of MVMT, Olivia Burton and the Company Stores as of April 30, 2020. The Company concluded that the carrying amounts of the long-lived assets of Olivia Burton and the Company Stores were recoverable, while the long-lived assets of MVMT may not be recoverable. Utilizing a royalty rate to determine discounted projected future cash flows in the valuation of MVMT’s trade name and a discounted cash flow method for the valuation of MVMT’s customer relationships, the Company concluded that the fair values of MVMT’s tradenames and customer relationships did not exceed their carrying values. As a result, the Company recorded impairment charges in the Watch and Accessory Brands segment totaling $ 22.2 million in the first quarter of fiscal 2021, decreasing MVMT’s trade name to $ 2.4 million and MVMT’s customer relationships to zero . After adjusting the carrying value of MVMT’s intangible assets, the Company completed an interim quantitative impairment test of goodwill as of April 30, 2020 in which the Company compared the fair value of the Watch and Accessory Brands reporting unit to its respective carrying value. An impairment test of goodwill was not performed for the Company Stores reporting unit as there was no goodwill at this reporting unit. The fair value estimate for the Watches and Accessory reporting unit was based on the income and market approaches. The discounted cash flow method under the income approach involves estimating the cash flows in a discrete forecast period and a terminal value based on the Gordon Growth Model and discounting at a rate of return that reflects the relative risk of the cash flows. The market approach involves applying valuation multiples to the operating performance of the Watch and Accessory Brands reporting unit derived from comparable publicly traded companies based on the relative historical and projected operations of the reporting unit. The key estimates and assumptions used in the discounted cash flows model included the Company’s discount rate, revenue growth rates, EBIT margins and long-term growth rate. The Company’s assumptions were based on the actual historical performance of the reporting units and took into account the recent severe and continued weakening of operating results as well as the anticipated rate of recovery, and implied risk premiums based on market prices of the Company’s common stock as of the assessment date. The significant estimates in the market approach model included identifying similar companies with comparable business factors such as size, growth, profitability, risk and return on investment and assessing comparable revenue and earnings multiples in estimating the fair value of the reporting unit. The excess of the Watch and Accessory Brands unit’s carrying value over the estimate of the fair value was recorded in the Watch and Accessory Brands segment as the goodwill impairment charge in the first quarter of 2021, totaling $ 133.7 million which resulted in zero goodwill remaining. There were no triggering events during the first six months of fiscal 2022. The changes in the carrying amount of other intangible assets during the six months ended July 31, 2021 are as follows (in thousands): Trade names Customer Other (1) Total Weighted Average Amortization Period (in years) 10 6 10 Balance at January 31, 2021 $ 10,860 $ 5,168 $ 1,053 $ 17,081 Additions — — 133 133 Amortization ( 824 ) ( 854 ) ( 128 ) ( 1,806 ) Foreign exchange impact 132 18 ( 8 ) 142 Balance at July 31, 2021 $ 10,168 $ 4,332 $ 1,050 $ 15,550 (1) Other includes fees paid related to trademarks. Amortization expense for intangible assets was $ 0.9 million and $ 0.8 million for the three months ended July 31, 2021 and 2020, respectively, and $ 1.8 million and $ 2.1 million for the six months ended July 31, 2021 and 2020, respectively.

Inventories

Inventories	6 Months Ended
	Jul. 31, 2021
Inventory Disclosure [Abstract]
Inventories	NOTE 7 – INVENTORIES Inventories consisted of the following (in thousands): July 31, January 31, July 31, Finished goods $ 136,688 $ 107,246 $ 123,413 Component parts 42,727 40,735 45,219 Work-in-process 3,874 4,599 4,742 $ 183,289 $ 152,580 $ 173,374

Debt and Lines of Credit

Debt and Lines of Credit	6 Months Ended
	Jul. 31, 2021
Debt Disclosure [Abstract]
Debt and Lines of Credit	NOTE 8 – DEBT AND LINES OF CREDIT On October 12, 2018, the Company, together with Movado Group Delaware Holdings Corporation, Movado Retail Group, Inc. and Movado LLC (together with the Company, the “U.S. Borrowers”), each a wholly owned domestic subsidiary of the Company, and Movado Watch Company S.A. and MGI Luxury Group S.A. (collectively, the “Swiss Borrowers” and, together with the U.S. Borrowers, the “Borrowers”), each a wholly owned Swiss subsidiary of the Company, entered into an Amended and Restated Credit Agreement (the “Credit Agreement”) with the lenders party thereto and Bank of America, N.A. as administrative agent (in such capacity, the “Agent”). The Credit Agreement amends and restates the Company’s prior credit agreement dated as of January 30, 2015 and extends the maturity of the $ 100.0 million senior secured revolving credit facility (the “Facility”) provided thereunder to October 12, 2023 . The Facility includes a $ 15.0 million letter of credit subfacility, a $ 25.0 million swingline subfacility and a $ 75.0 million sublimit for borrowings by the Swiss Borrowers, with provisions for uncommitted increases to the Facility of up to $ 50.0 million in the aggregate subject to customary terms and conditions. On June 5, 2020, the Company and its lenders entered into an amendment (the “Second Amendment”) to the Credit Agreement effective as of April 30, 2020. Among other things, the Second Amendment provided for temporary relief with respect to the financial maintenance covenants in the Credit Agreement starting April 30, 2020 while also temporarily tightening certain covenants and temporarily increasing the interest rate and commitment fee. These temporary changes to the Credit Agreement ended as a result of the Company’s achievement of certain financial milestones as of and for the periods ending January 31, 2021. In addition, the Second Amendment permanently increased the LIBOR floor for loans under the Credit Agreement from 0 % to 1.00 % and permanently reduced the minimum EBITDA financial covenant level to $ 35.0 million starting with the four-quarter period ending July 31, 2021. As of July 31, 2021, and July 31, 2020, there was zero and $ 48.3 million (of which all but $ 10 million was denominated in Swiss Francs), respectively, in loans outstanding under the Facility. Availability under the Facility was reduced by the aggregate number of letters of credit outstanding, issued in connection with retail and operating facility leases to various landlords and for Canadian payroll to the Royal Bank of Canada, totaling approximately $ 0.3 million at both July 31, 2021 and July 31, 2020. At July 31, 2021, the letters of credit have expiration dates through May 31, 2022 . As of July 31, 2021, and July 31, 2020, availability under the Facility was $ 99.7 million and $ 51.4 million, respectively. The Company had weighted average borrowings under the facility of $ 6.5 million and $ 71.5 million during the three months ended July 31, 2021 and 2020, respectively, with a weighted average interest rate of 2.00 % and 2.60 % during the three months ended July 31, 2021 and 2020, respectively. The Company had weighted average borrowings under the facility of $ 9.8 million and $ 68.6 million during the six months ended July 31, 2021 and 2020, respectively, with a weighted average interest rate of 2.79 % and 1.92 % during the six months ended July 31, 2021 and 2020, respectively. A Swiss subsidiary of the Company maintains unsecured lines of credit with an unspecified maturity with a Swiss bank. As of July 31, 2021, and 2020, these lines of credit totaled 6.5 million Swiss Francs for both periods, with a dollar equivalent of $ 7.2 million and $ 7.1 million, respectively. As of July 31, 2021, and 2020, there were no borrowings against these lines. As of July 31, 2021 and 2020, two European banks had guaranteed obligations to third parties on behalf of two of the Company’s foreign subsidiaries in the dollar equivalent of $ 1.3 million for both periods, in various foreign currencies, of which $ 0.6 million, in both periods, was a restricted deposit as it relates to lease agreements. Cash paid for interest, including unused commitments fees, was $ 0.3 million and $ 0.8 million for the six-month period ended July 31, 2021 and July 31, 2020, respectively.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jul. 31, 2021
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	NOTE 9 – DERIVATIVE FINANCIAL INSTRUMENTS As of July 31, 2021, the Company’s entire net forward contracts hedging portfolio consisted of 16.7 million Chinese Yuan equivalent, 16.0 million Swiss Francs equivalent, 18.0 million U.S. dollars equivalent, 19.7 million Euros equivalent and 1.3 million British Pounds equivalent with various expiry dates ranging through January 20, 2022 . These forward contracts are not designated as qualified hedges in accordance with ASC 815, Derivatives and Hedging, and, therefore, changes in the fair value of these derivatives are recognized in earnings in the period they arise. Net gains or losses related to these forward contracts are included in cost of sales and selling and general and administrative expenses in the Consolidated Statements of Operations. The cash flows related to these foreign currency contracts are classified in operating activities. See Note 10 – Fair Value Measurements for fair value and presentation in the Consolidated Balance Sheets for derivatives. For the quarter ended July 31, 2021, the Company did no t have any cash flow hedges.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jul. 31, 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Fair Value Measurements	NOTE 10 – FAIR VALUE MEASUREMENTS Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Accounting guidance establishes a fair value hierarchy which prioritizes the inputs used in measuring fair value into three broad levels as follows:  Level 1 – Quoted prices in active markets for identical assets or liabilities.  Level 2 – Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly.  Level 3 – Unobservable inputs based on the Company’s assumptions. The guidance requires the use of observable market data if such data is available without undue cost and effort. The following tables present the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of July 31, 2021 and 2020 and January 31, 2021 (in thousands): Fair Value at July 31, 2021 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 218 $ — $ — $ 218 Short-term investment Other current assets 167 — — 167 SERP assets - employer Other non-current assets 882 — — 882 SERP assets - employee Other non-current assets 47,886 — — 47,886 Defined benefit plan assets Other non-current liabilities — — 28,057 28,057 Hedge derivatives Other current assets — 140 — 140 Total $ 49,153 $ 140 $ 28,057 $ 77,350 Liabilities: SERP liabilities - employee Other non-current liabilities $ 47,886 $ — $ — $ 47,886 Total $ 47,886 $ — $ — $ 47,886 Fair Value at January 31, 2021 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 184 $ — $ — $ 184 Short-term investment Other current assets 162 — — 162 SERP assets - employer Other non-current assets 605 — — 605 SERP assets - employee Other non-current assets 46,673 — — 46,673 Defined benefit plan assets Other non-current liabilities — — 25,837 25,837 Total $ 47,624 $ — $ 25,837 $ 73,461 Liabilities: SERP liabilities - employee Other non-current liabilities $ 46,673 $ — $ — $ 46,673 Hedge derivatives Accrued liabilities — 13 — 13 Total $ 46,673 $ 13 $ — $ 46,686 Fair Value at July 31, 2020 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 141 $ — $ — $ 141 Short-term investment Other current assets 155 — — 155 SERP assets - employer Other non-current assets 935 — — 935 SERP assets - employee Other non-current assets 45,043 — — 45,043 Defined benefit plan assets Other non-current liabilities — — 25,907 25,907 Hedge derivatives Other current assets — 228 — 228 Total $ 46,274 $ 228 $ 25,907 $ 72,409 Liabilities: SERP liabilities - employee Other non-current liabilities $ 45,043 $ — $ — $ 45,043 Total $ 45,043 $ — $ — $ 45,043 The fair values of the Company’s available-for-sale securities are based on quoted market prices. The fair value of the short-term investment, which is a guaranteed investment certificate, is based on its purchase price plus one half of a percent calculated annually. The assets related to the Company’s defined contribution supplemental executive retirement plan (“SERP”) consist of both employer (employee unvested) and employee assets which are invested in investment funds with fair values calculated based on quoted market prices. The SERP liability represents the Company’s liability to the employees in the plan for their vested balances. The hedge derivatives are entered into by the Company principally to reduce its exposure to Swiss Franc and Euro exchange rate risks. Fair values of the Company’s hedge derivatives are calculated based on quoted foreign exchange rates and quoted interest rates. The carrying amount of debt approximated fair value as of January 31, 2021, and July 31, 2020, due to the availability and floating rate for similar instruments. The Company sponsors a defined benefit pension plan in Switzerland. The plan covers certain international employees and is based on years of service and compensation on a career-average pay basis. The assets within the plan are classified as a Level 3 asset within the fair value hierarchy and consist of an investment in pooled assets and include separate employee accounts that are invested in equity securities, debt securities and real estate. The values of the separate accounts invested are based on values provided by the administrator of the funds that cannot be readily derived from or corroborated by observable market data. The value of the assets is part of the funded status of the defined benefit plan and included in other non-current liabilities in the consolidated balance sheets at July 31, 2021, January 31, 2021 and July 31, 202 0 . There were no transfers between any levels of the fair value hierarchy for any of the Company’s fair value measurements. See Note 6 – Goodwill and Intangible Assets for a discussion on the Company’s impairment charges taken in fiscal year 2021 for certain of its nonfinancial assets measured at fair value on a nonrecurring basis due to a change in circumstances that triggered an interim impairment test, and the valuation techniques used to measure the fair value. The most significant unobservable inputs (Level 3) used to estimate the fair values of the Company’s Watch and Accessory Brands unit’s goodwill and MVMT’s intangible assets are discount rates, which was 17.5 % for both.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jul. 31, 2021
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 11 – COMMITMENTS AND CONTINGENCIES The Company has minimum commitments related to the Company’s license agreements and endorsement agreements with brand ambassadors. The Company sources, distributes, advertises and sells watches pursuant to its exclusive license agreements with unaffiliated licensors. Royalty amounts under the license agreements are generally based on a stipulated percentage of revenues, although most of these agreements contain provisions for the payment of minimum annual royalty amounts. The license agreements have various terms, and some have renewal options, provided that minimum sales levels are achieved. Additionally, the license agreements require the Company to pay minimum annual advertising amounts. The Company believes that income tax reserves are adequate; however, amounts asserted by taxing authorities could be greater or less than amounts accrued and reflected in the consolidated balance sheet. Accordingly, the Company could record adjustments to the amounts for federal, state, and foreign liabilities in the future as the Company revises estimates or settles or otherwise resolves the underlying matters. In the ordinary course of business, the Company may take new positions that could increase or decrease unrecognized tax benefits in future periods. In December 2016, U.S. Customs and Border Protection (“U.S. Customs”) issued an audit report concerning the methodology used by the Company to allocate the cost of certain watch styles imported into the U.S. among the component parts of those watches for tariff purposes. The report disputes the reasonableness of the Company’s historical allocation formulas and proposes an alternative methodology that would imply $ 5.1 million in underpaid duties over the five-year period covered by the statute of limitations, plus possible penalties and interest. The Company believes that U.S. Customs’ alternative duty methodology and estimate are not consistent with the Company’s facts and circumstances and is disputing U.S. Customs’ position. Since February 2017, the Company has been providing U.S. Customs with supplemental analyses and information in response to U.S. Customs’ information requests. Most recently, the Company received summonses from U.S. Customs in December 2020 requesting additional information regarding component part costs and the Company’s procedures for allocating the value of imported watches among the component parts. The Company responded to these summonses in January 2021. Although the Company disagrees with U.S. Customs’ position and believes that the information it has provided supports the reasonableness of its historical allocation formulas, it cannot predict with any certainty the outcome of this matter. The Company intends to continue to work with U.S. Customs to reach a mutually satisfactory resolution. The purchase consideration for the MVMT business included two future contingent payments that combined could total up to $ 100 million. Based on updated revenue and EBITDA (as defined in the acquisition agreement) performance expectations during the earn-out period for MVMT, the Company remeasured the contingent consideration to zero at January 31, 2020. From time to time the Company may make minority investments in growth companies in the consumer products sector, including certain of the Company's suppliers and customers, as well as in venture capital funds that invest in such companies. During the second quarter of fiscal 2022, the Company committed to invest up to $ 1,000,000 in a venture capital fund that makes investments in securities of portfolio companies whose primary business focus is accelerating innovation in retail and consumer goods. The Company expects to be called upon to satisfy its first capital call in respect of this commitment by the end of fiscal 2022. The Company is involved in legal proceedings and claims from time to time, in the ordinary course of its business. Legal reserves are recorded in accordance with the accounting guidance for contingencies. Contingencies are inherently unpredictable and it is possible that results of operations, balance sheets or cash flows could be materially and adversely affected in any particular period by unfavorable developments in, or resolution or disposition of, such matters. For those legal proceedings and claims for which the Company believes that it is probable that a reasonably estimable loss may result, the Company records a reserve for the potential loss. For proceedings and claims where the Company believes it is reasonably possible that a loss may result that is materially in excess of amounts accrued for the matter, the Company either discloses an estimate of such possible loss or range of loss or includes a statement that such an estimate cannot be made. As of July 31, 2021, the Company is party to legal proceedings and contingencies, the resolution of which is not expected to materially affect its financial condition, future results of operations beyond the amounts accrued, or cash flows.

Income Taxes

Income Taxes	6 Months Ended
	Jul. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 12 – INCOME TAXES On March 27, 2020, Congress passed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) which provided economic relief to assist American families and companies during the COVID-19 global pandemic. The CARES Act allowed U.S. net operating losses generated in fiscal 2019, 2020, and 2021 to be carried back up to five years to prior taxable years with a U.S. statutory tax rate of 35.0% and to offset 100 % of regular taxable income in such years (the “CARES Act NOL Carryback Provision”). The Company generated a U.S. net operating loss in fiscal 2021 which was carried back to prior taxable years. The Company recorded an income tax provision of $ 5.3 million and an income tax benefit of $ 1.6 million for the three months ended July 31, 2021 and 2020, respectively. The effective tax rate was 21.5 % and 19.1 % for the three months ended July 31, 2021 and 2020, respectively. The significant components of the effective tax rate changed primarily due to prior year impairments of the portion of goodwill of the Watch and Accessory Brands reporting unit which is not tax deductible, partially offset by a change in the tax rate for the Company's subsidiary in the United Kingdom in the prior year and changes in jurisdictional earnings. The Company recorded an income tax provision of $ 8.6 million and an income tax benefit of $ 33.9 million for the six months ended July 31, 2021 and 2020, respectively. The effective tax rate was 22.9 % and 17.8 % for the six months ended July 31, 2021 and 2020, respectively. The significant components of the effective tax rate changed primarily due to prior year impairments of the portion of goodwill of the Watch and Accessory Brands reporting unit which is not tax deductible and the recording of valuation allowances on certain foreign deferred tax assets in the current year, partially offset by the CARES Act NOL Carryback Provision in the prior year. At July 31, 2021, the Company had no deferred tax liability for the undistributed foreign earnings of approximately $ 247.1 million because the Company intends to permanently reinvest such earnings in its foreign operations. It is not practicable to estimate the tax liability related to a future distribution of these permanently reinvested foreign earnings.

Equity

Equity	6 Months Ended
	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 Common (1) Class A (2) Capital in of Value Retained Accumulated Treasury Noncontrolling Total Redeemable 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 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 8 25 25 Amortization of prior service cost, net of 8 29 29 Foreign currency translation ( 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 Common (1) Class A (2) Capital in of Value Retained Accumulated Treasury Noncontrolling Interest Total Redeemable 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 ( 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 11 ( 32 ) ( 32 ) Amortization of prior service cost, net of 8 28 28 Foreign currency translation 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.

Treasury Stock

Treasury Stock	6 Months Ended
	Jul. 31, 2021
Equity [Abstract]
Treasury Stock	NOTE 14 – TREASURY STOCK On August 29, 2017, the Board approved a share repurchase program under which the Company was authorized to purchase up to $ 50.0 million of its outstanding common stock from time to time. This authorization expired on August 29, 2020 . On March 25, 2021, the Board approved a share repurchase program under which the Company is authorized to purchase up to $ 25.0 million of its outstanding common stock from time to time, depending on market conditions, share price and other factors. Under this share repurchase program, the Company is permitted to purchase shares of its common stock through open market purchases, repurchase plans, block trades or otherwise. This authorization expires on September 30, 2022 . During the six months ended July 31, 2021, the Company repurchased a total of 334,000 shares of its common stock at a total cost of $ 10.0 million, or an average of $ 29.87 per share. During the six months ended July 31, 2020, the Company did no t repurchase shares of its common stock. At July 31, 2021, $ 15.0 million remains available for purchase under the Company’s repurchase program. There were 54,720 and 47,302 shares of common stock repurchased during the six months ended July 31, 2021 and 2020, respectively, as a result of the surrender of shares in connection with the vesting of certain stock awards. At the election of an employee, shares having an aggregate value on the vesting date equal to the employee’s withholding tax obligation may be surrendered to the Company.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Jul. 31, 2021
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Accumulated Other Comprehensive Income	NOTE 15 – ACCUMULATED OTHER COMPREHENSIVE INCOME The accumulated balances at July 31, 2021 and 2020, and January 31, 2021, related to each component of accumulated other comprehensive income (loss) are as follows (in thousands): July 31, January 31, July 31, Foreign currency translation adjustments $ 91,058 $ 93,166 $ 86,408 Available-for-sale securities 149 124 92 Unrecognized prior service cost related to defined benefit pension plan ( 315 ) ( 344 ) ( 339 ) Net actuarial loss related to defined benefit pension plan ( 406 ) ( 406 ) ( 52 ) Total accumulated other comprehensive income $ 90,486 $ 92,540 $ 86,109

Revenue

Revenue	6 Months Ended
	Jul. 31, 2021
Revenue From Contract With Customer [Abstract]
Revenue	NOTE 16 – REVENUE Disaggregation of Revenue The following table presents the Company’s net sales disaggregated by customer type. Sales and usage-based taxes are excluded from net sales (in thousands): For the Three Months Ended For the Six Months Ended Customer Type 2021 2020 2021 2020 Wholesale $ 115,586 $ 60,462 $ 214,989 $ 113,372 Direct to consumer 57,278 27,688 91,964 43,992 After-sales service 1,010 388 1,719 840 Net Sales $ 173,874 $ 88,538 $ 308,672 $ 158,204 The Company’s revenue from contracts with customers is recognized at a point in time. The Company’s net sales disaggregated by geography are based on the location of the Company’s customer (see Note 18 – Segment and Geographic Information). Wholesale Revenue The Company’s wholesale revenue consists primarily of revenues from independent distributors, department stores, chain stores, independent jewelry stores and third-party e-commerce retailers. The Company recognizes and records its revenue when obligations under the terms of a contract with the customer are satisfied, and control is transferred to the customer. Transfer of control passes to wholesale customers upon shipment or upon receipt depending on the agreement with the customer and shipping terms. Wholesale revenue is measured as the amount of consideration the Company ultimately expects to receive in exchange for transferring goods. Wholesale revenue is included entirely within the Watch and Accessory Brands segment (see Note 18 – Segment and Geographic Information), consistent with how management makes decisions regarding the allocation of resources and performance measurement. Direct to Consumer Revenue The Company’s direct to consumer revenue primarily consists of revenues from the Company’s outlet stores, the Company’s owned e-commerce websites, concession stores and consumer repairs. The Company recognizes and records its revenue when obligations under the terms of a contract with the customer are satisfied, and control is transferred to the customer. Control passes to outlet store customers at the time of sale and to substantially all e-commerce upon shipment. Prior to January 1, 2021, the requirements for recognizing revenue for all e-commerce were met upon delivery to the customer. Direct to Consumer revenue is included in either the Watch and Accessory Brands segment or Company Stores Segment based on how the Company makes decisions about the allocation of resources and performance measurement. Revenue derived from outlet stores and related e-commerce is included within the Company Stores Segment. Other Direct to Consumer revenue (i.e., revenue derived from other Company-owned e-commerce websites, concession stores and consumer repairs is included within the Watch and Accessory Brands segment. (See Note 18 – Segment and Geographic Information). After-Sales Service All watches sold by the Company come with limited warranties covering the movement against defects in materials and workmanship. The Company does not sell warranties separately. The Company’s after-sales service revenues consists of out of warranty service provided to customers and authorized third party repair centers, and sale of watch parts. The Company recognizes and records its revenue when obligations under the terms of a contract with the customer are satisfied and control is transferred to the customer. After-sales service revenue is measured as the amount of consideration the Company ultimately expects to receive in exchange for transferring goods. Revenue from after sales service, including consumer repairs, is included entirely within the Watch and Accessory Brands segment, consistent with how management makes decisions about the allocation of resources and performance measurement.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jul. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	NOTE 17 – STOCK-BASED COMPENSATION Under the Company’s Employee Stock Option Plan, as amended and restated as of April 4, 2013 (the “Plan”), the Compensation Committee of the Board of Directors, which consists of three of the Company’s non-employee directors, has the authority to grant participants incentive stock options, nonqualified stock options, restricted stock, stock appreciation rights and stock awards, for up to 11,000,000 shares of common stock. Stock Options: Stock options granted to participants under the plan generally become exercisable after three years and remain exercisable until the tenth anniversary of the date of grant. All stock options granted under the Plan have an exercise price equal to or greater than the fair market value of the Company’s common stock on the grant date. The table below presents the weighted average assumptions used with the Black-Scholes option-pricing model for the calculation of the fair value of stock options granted during the three months ended April 30, 2021. There were no stock options granted during the three months ended July 31, 2021 or during the three and six months ended July 31, 2020. Six Months Ended July 31, 2021 Expected volatility 51.61 % Expected life in years 6.0 Risk-free interest rates 0.89 % Dividend rate 2.90 % Weighted average fair value per option at date of grant $ 10.23 The fair value of the stock options, less expected forfeitures, is amortized on a straight-line basis over the vesting term. Total compensation expense for stock option grants recognized during the three months ended July 31, 2021 and 2020 was $ 0.4 million and approximately $ 27,000 , respectively. Total compensation expense for stock option grants recognized during the six months ended July 31, 2021 and 2020 was $ 0.7 million and $ 0.1 million, respectively. As of July 31, 2021, there was $ 3.3 million of unrecognized compensation cost related to unvested stock options. These costs are expected to be recognized over a weighted-average period of 2.4 years. Total consideration received for stock option exercises during the six months ended July 31, 2021 and 2020 was $ 0.6 million and zero , respectively. The following table summarizes the Company’s stock options activity during the first six months of fiscal 2022: Outstanding Weighted Option Weighted Aggregate Options outstanding at January 31, 561,110 options exercisable) 1,111,110 $ 21.90 $ 12.42 -$ 42.12 6.9 $ 2,975 Granted 201,875 $ 27.62 $ 27.62 Exercised ( 24,517 ) $ 25.45 $ 23.35 -$ 30.36 Cancelled — Options outstanding at July 31, 2021 1,288,468 $ 22.73 $ 12.42 -$ 42.12 7.0 $ 10,271 Exercisable at July 31, 2021 548,593 $ 28.29 3.8 $ 1,785 Expected to vest at July 31, 2021 663,115 $ 18.45 9.3 $ 7,702 The fair value of stock options exercised during the first six months of fiscal 2022 was $ 0.3 million and the intrinsic value was $ 0.1 million. There were no stock options exercised during the first six months of fiscal 2021. Stock Awards: Under the Plan, the Company can also grant stock awards to employees and directors. For the three months ended July 31, 2021 and 2020, compensation expense for stock awards was $ 0.9 million and $ 1.5 million (of which $ 0.4 million is included in the Restructuring Plan of the corporate initiatives), respectively. For the six months ended July 31, 2021 and 2020, compensation expense for stock awards was $ 2.1 million and $ 3.0 million (of which $ 0.4 million is included in the Restructuring Plan of the corporate initiatives). As of July 31, 2021, there was $ 4.5 million of unrecognized compensation cost related to unvested stock awards. These costs are expected to be recognized over a weighted-average period of 2.0 years. The following table summarizes the Company’s stock awards activity during the first six months of fiscal 2022: Number of Weighted- Weighted- Aggregate Units outstanding at January 31, 2021 415,994 $ 29.17 Units granted 126,497 $ 27.62 Units vested ( 228,928 ) $ 31.49 Units forfeited — $ — Units outstanding at July 31, 2021 313,563 $ 26.85 2.1 $ 9,429 Outstanding stock awards can be classified as either time-based stock awards or performance-based stock awards. Time-based stock awards vest over time subject to continued employment. Performance-based stock awards vest over time subject both to continued employment and to the achievement of corporate financial performance goals. Upon the vesting of a stock award, shares are issued from the pool of authorized shares. For performance-based stock awards, the number of shares issued related to the performance units granted can vary from 0 % to 150 % of the target number of underlying stock award units, depending on the extent of the achievement of predetermined financial goals. The total fair value of stock award units that vested during the first six months of fiscal 2022 was $ 7.2 million. The number of shares issued related to the remaining stock awards are established at grant date.

Segment and Geographic Informat

Segment and Geographic Information	6 Months Ended
	Jul. 31, 2021
Segment Reporting [Abstract]
Segment and Geographic Information	NOTE 18 – SEGMENT AND GEOGRAPHIC INFORMATION The Company conducts its business in two operating segments: Watch and Accessory Brands and Company Stores. The Company’s Watch and Accessory Brands segment includes the designing, manufacturing and distribution of watches and, to a lesser extent, jewelry and other accessories, of owned and licensed brands, in addition to revenue generated from after-sales service activities and shipping. The Company Stores segment includes the Company’s retail outlet business. The Chief Executive Officer of the Company is the chief operating decision maker (“CODM”) and regularly reviews operating results for each of the two operating segments to assess performance and makes operating decisions about the allocation of the Company’s resources. The Company divides its business into two major geographic locations: United States operations and International, which includes the results of all non-U.S. Company operations. The allocation of geographic revenue is based upon the location of the customer. The Company’s International operations in Europe, the Middle East, Asia and the Americas (excluding the United States) accounted for 33.4 %, 8.2 %, 4.8 % and 4.4 %, respectively, of the Company’s total net sales for the three months ended July 31, 2021. For the three months ended July 31, 2020, the Company’s International operations in Europe, the Middle East, Asia and the Americas (excluding the United States) accounted for 39.6 %, 11.3 %, 7.1 % and 2.7 %, respectively, of the Company’s total net sales. The Company’s International operations in Europe, the Middle East, the Americas (excluding the United States) and Asia accounted for 31.4 %, 8.3 %, 6.3 % and 5.0 %, respectively, of the Company’s total net sales for the six months ended July 31, 2021. For the six months ended July 31, 2020, the Company’s International operations in Europe, the Middle East, Asia and the Americas (excluding the United States) accounted for 38.8 %, 8.0 %, 7.7 % and 5.5 %, respectively, of the Company’s total net sales. Operating Segment Data for the Three Months Ended July 31, 2021 and 2020 (in thousands): Net Sales 2021 2020 Watch and Accessory Brands: Owned brands category $ 60,902 $ 31,622 Licensed brands category 84,077 46,414 After-sales service and all other 1,200 153 Total Watch and Accessory Brands 146,179 78,189 Company Stores 27,695 10,349 Consolidated total $ 173,874 $ 88,538 Operating Income/(Loss) (3)(5) 2021 2020 Watch and Accessory Brands $ 15,718 $ ( 9,945 ) Company Stores 8,915 1,029 Consolidated total $ 24,633 $ ( 8,916 ) Operating Segment Data as of and for the Six Months Ended July 31, 2021 and 2020 (in thousands): Net Sales 2021 2020 Watch and Accessory Brands: Owned brands category $ 109,273 $ 56,983 Licensed brands category 151,703 82,098 After-sales service and all other 1,482 2,394 Total Watch and Accessory Brands 262,458 141,475 Company Stores 46,214 16,729 Consolidated total $ 308,672 $ 158,204 Operating Income/(Loss) (3)(4)(5) 2021 2020 Watch and Accessory Brands $ 24,503 $ ( 189,566 ) Company Stores 13,386 ( 1,513 ) Consolidated total $ 37,889 $ ( 191,079 ) Total Assets July 31, January 31, July 31, Watch and Accessory Brands $ 651,495 $ 659,681 $ 618,419 Company Stores 59,403 59,576 61,270 Consolidated total $ 710,898 $ 719,257 $ 679,689 Geographic Location Data for the Three Months Ended July 31, 2021 and 2020 (in thousands): Net Sales Operating Income/(Loss) (3)(5) 2021 2020 2021 2020 United States (1) $ 85,487 $ 34,766 $ 8,820 $ ( 14,319 ) International (2) 88,387 53,772 15,813 5,403 Consolidated total $ 173,874 $ 88,538 $ 24,633 $ ( 8,916 ) United States and International net sales are net of intercompany sales of $ 90.7 million and $ 29.1 million for the three months ended July 31, 2021 and 2020, respectively. Geographic Location Data as of and for the Six Months Ended July 31, 2021 and 2020 (in thousands): Net Sales Operating Income/(Loss) (3)(4)(5) 2021 2020 2021 2020 United States (1) $ 151,380 $ 63,300 $ 9,579 $ ( 134,309 ) International (2) 157,292 94,904 28,310 ( 56,770 ) Consolidated total $ 308,672 $ 158,204 $ 37,889 $ ( 191,079 ) United States and International net sales are net of intercompany sales of $ 160.4 million and $ 71.9 million for the six months ended July 31, 2021 and 2020, respectively. (1) The United States operating income/(loss) included $ 13.0 million and $ 6.1 million of unallocated corporate expenses for the three months ended July 31, 2021 and 2020, respectively. The United States operating income/(loss) included $ 21.9 million and $ 12.1 million of unallocated corporate expenses for the six months ended July 31, 2021 and 2020, respectively. (2) The International operating income included $ 16.9 million and $ 11.2 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended July 31, 2021 and 2020, respectively. The International operating income/(loss) included $ 30.8 million and $ 22.3 million of certain intercompany profits related to the Company’s supply chain operations for the six months ended July 31, 2021 and 2020, respectively. (3) For the three months ended July 31, 2021 and 2020, and for the six months ended July 31, 2021 and 2020, in the United States locations of the Watch and Accessory Brands segment, operating income/(loss) included a charge of $ 0.1 million, $ 0.3 million, $ 0.2 million and $ 1.0 million, respectively, related to the amortization of intangible assets, deferred compensation and certain acquisition accounting adjustments associated with the MVMT brand. In addition, in the International locations of the Watch and Accessory Brands segment for the three months ended July 31, 2021 and 2020, and for the six months ended July 31, 2021 and 2020, operating income/(loss) included a charge of $ 0.7 million, $ 0.7 million, $ 1.4 and $ 1.4 million, respectively, related to the amortization of acquired intangible assets as a result of the Company’s acquisition of the Olivia Burton brand. (4) For the six months ended July 31, 2020, in the United States locations of the Watch and Accessory Brands segment, operating loss included a charge of $ 99.7 million, related to the impairment of goodwill and intangible assets associated with the MVMT brand. In addition, in the International locations of the Watch and Accessory Brands segment, for the six months ended July 31, 2020, operating loss included a charge of $ 56.2 million related to the impairment of goodwill associated with the Olivia Burton brand and City Time Joint Venture. (5) For the three months ended July 2020, in the United States locations and the International locations of the Watch and Accessory Brands segment, operating (loss)/income included a charge of $ 6.6 million and $ 0.8 million, respectively, related to the corporate initiatives that the Company took in response to the impact on its business due to the COVID-19 pandemic. For the six months ended July 2020, in the United States locations and the International locations of the Watch and Accessory Brands segment, operating loss included a charge of $ 11.3 million and $ 3.3 million, respectively, related to the corporate initiatives that the Company took in response to the impact on its business due to the COVID-19 pandemic. Total Assets July 31, January 31, July 31, United States $ 350,187 $ 352,517 $ 313,411 International 360,711 366,740 366,278 Consolidated total $ 710,898 $ 719,257 $ 679,689 Property, Plant and Equipment, Net July 31, January 31, July 31, United States $ 13,014 $ 14,792 $ 16,825 International 6,642 7,557 9,063 Consolidated total $ 19,656 $ 22,349 $ 25,888

Earnings Per Share and Cash D_2

Earnings Per Share and Cash Dividends (Tables)	6 Months Ended
	Jul. 31, 2021
Earnings Per Share [Abstract]
Schedule of Number of Shares Used in Calculating Basic and Diluted Earnings (Loss) Per Share	The number of shares used in calculating basic and diluted earnings (loss) per share is as follows (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2021 2020 2021 2020 Weighted average common shares outstanding: Basic 23,332 23,240 23,326 23,191 Effect of dilutive securities: Stock awards and options to purchase shares of 407 — 410 — Diluted 23,739 23,240 23,736 23,191

Restructuring Provision (Tables

Restructuring Provision (Tables)	6 Months Ended
	Jul. 31, 2021
Restructuring Charges [Abstract]
Summary of Rollforward of Provision Related Corporate Initiatives, Including Provision Associated with Restructuring Plan	A summary rollforward of the provision related to the Company’s corporate initiatives, including the provision associated with the Restructuring Plan, is as follows for the six months ended July 31, 2021 (in thousands): Balance January 31, 2021 Provision Non-Cash Use Cash Payments Balance July 31, 2021 Restructuring Plan: Severance and Employee Related (1) $ 2,378 $ — $ — $ ( 1,350 ) $ 1,028 Other (2) 51 — — ( 6 ) 45 Other Corporate Initiatives: Severance and Employee Related — — — — — Inventory (3) 407 — ( 45 ) — 362 Accounts receivable (4) 926 — — — 926 Other (2) 19 — — — 19 Total $ 3,781 $ — $ ( 45 ) $ ( 1,356 ) $ 2,380 A summary rollforward of the provision related to the Company’s corporate initiatives, including the provision associated with the Restructuring Plan, is as follows for the six months ended July 31, 2020 (in thousands): Balance January 31, 2020 Provision Non-Cash Use Cash Payments Balance July 31, 2020 Restructuring Plan: Severance and Employee Related $ — $ 6,966 $ — $ ( 1,160 ) $ 5,806 Other (2) — 402 ( 198 ) ( 115 ) 89 Other Corporate Initiatives: Severance and Employee Related — 936 — ( 395 ) 541 Inventory (3) — 3,507 ( 47 ) — 3,460 Accounts receivable (4) — 1,075 — — 1,075 Other — 1,722 ( 1,518 ) ( 167 ) 37 Total $ — $ 14,608 $ ( 1,763 ) $ ( 1,837 ) $ 11,008 The following amounts are included in the Consolidated Balance Sheet at July 31, 2021: (1) $ 0.6 million included in Accrued payroll and benefits and $ 0.4 million included in Capital in excess of par value. (2) Balance included in Accrued liabilities. (3) Reserve included in Inventories. (4) Reserve included in Trade receivables, net.
Summary of Corporate Initiative Costs by Operating Segment	The corporate initiative costs by operating segment are as follows: For the Three Months Ended July 31, 2020 Provision For the Six Months Ended July 31, 2020 Provision Watch and Accessory Brands: United States $ 6,631 $ 11,335 International 737 3,273 Total Watch and Accessory Brands 7,368 14,608 Total Company Stores — — Total Consolidated $ 7,368 $ 14,608 Cost of sales $ — $ 3,508 Selling, general and administrative 7,368 11,100 Total $ 7,368 $ 14,608

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jul. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]
Summary of Changes in Carrying Amount of Other Intangible Assets	The changes in the carrying amount of other intangible assets during the six months ended July 31, 2021 are as follows (in thousands): Trade names Customer Other (1) Total Weighted Average Amortization Period (in years) 10 6 10 Balance at January 31, 2021 $ 10,860 $ 5,168 $ 1,053 $ 17,081 Additions — — 133 133 Amortization ( 824 ) ( 854 ) ( 128 ) ( 1,806 ) Foreign exchange impact 132 18 ( 8 ) 142 Balance at July 31, 2021 $ 10,168 $ 4,332 $ 1,050 $ 15,550 (1) Other includes fees paid related to trademarks.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jul. 31, 2021
Inventory Disclosure [Abstract]
Components of Inventories	Inventories consisted of the following (in thousands): July 31, January 31, July 31, Finished goods $ 136,688 $ 107,246 $ 123,413 Component parts 42,727 40,735 45,219 Work-in-process 3,874 4,599 4,742 $ 183,289 $ 152,580 $ 173,374

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jul. 31, 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables present the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of July 31, 2021 and 2020 and January 31, 2021 (in thousands): Fair Value at July 31, 2021 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 218 $ — $ — $ 218 Short-term investment Other current assets 167 — — 167 SERP assets - employer Other non-current assets 882 — — 882 SERP assets - employee Other non-current assets 47,886 — — 47,886 Defined benefit plan assets Other non-current liabilities — — 28,057 28,057 Hedge derivatives Other current assets — 140 — 140 Total $ 49,153 $ 140 $ 28,057 $ 77,350 Liabilities: SERP liabilities - employee Other non-current liabilities $ 47,886 $ — $ — $ 47,886 Total $ 47,886 $ — $ — $ 47,886 Fair Value at January 31, 2021 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 184 $ — $ — $ 184 Short-term investment Other current assets 162 — — 162 SERP assets - employer Other non-current assets 605 — — 605 SERP assets - employee Other non-current assets 46,673 — — 46,673 Defined benefit plan assets Other non-current liabilities — — 25,837 25,837 Total $ 47,624 $ — $ 25,837 $ 73,461 Liabilities: SERP liabilities - employee Other non-current liabilities $ 46,673 $ — $ — $ 46,673 Hedge derivatives Accrued liabilities — 13 — 13 Total $ 46,673 $ 13 $ — $ 46,686 Fair Value at July 31, 2020 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 141 $ — $ — $ 141 Short-term investment Other current assets 155 — — 155 SERP assets - employer Other non-current assets 935 — — 935 SERP assets - employee Other non-current assets 45,043 — — 45,043 Defined benefit plan assets Other non-current liabilities — — 25,907 25,907 Hedge derivatives Other current assets — 228 — 228 Total $ 46,274 $ 228 $ 25,907 $ 72,409 Liabilities: SERP liabilities - employee Other non-current liabilities $ 45,043 $ — $ — $ 45,043 Total $ 45,043 $ — $ — $ 45,043

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jul. 31, 2021
Equity [Abstract]
Components of 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 Common (1) Class A (2) Capital in of Value Retained Accumulated Treasury Noncontrolling Total Redeemable 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 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 8 25 25 Amortization of prior service cost, net of 8 29 29 Foreign currency translation ( 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 Common (1) Class A (2) Capital in of Value Retained Accumulated Treasury Noncontrolling Interest Total Redeemable 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 ( 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 11 ( 32 ) ( 32 ) Amortization of prior service cost, net of 8 28 28 Foreign currency translation 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.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jul. 31, 2021
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Schedule of Component of Accumulated Other Comprehensive Income (Loss)	The accumulated balances at July 31, 2021 and 2020, and January 31, 2021, related to each component of accumulated other comprehensive income (loss) are as follows (in thousands): July 31, January 31, July 31, Foreign currency translation adjustments $ 91,058 $ 93,166 $ 86,408 Available-for-sale securities 149 124 92 Unrecognized prior service cost related to defined benefit pension plan ( 315 ) ( 344 ) ( 339 ) Net actuarial loss related to defined benefit pension plan ( 406 ) ( 406 ) ( 52 ) Total accumulated other comprehensive income $ 90,486 $ 92,540 $ 86,109

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jul. 31, 2021
Revenue From Contract With Customer [Abstract]
Summary of Net Sales Disaggregated by Customer Type	The following table presents the Company’s net sales disaggregated by customer type. Sales and usage-based taxes are excluded from net sales (in thousands): For the Three Months Ended For the Six Months Ended Customer Type 2021 2020 2021 2020 Wholesale $ 115,586 $ 60,462 $ 214,989 $ 113,372 Direct to consumer 57,278 27,688 91,964 43,992 After-sales service 1,010 388 1,719 840 Net Sales $ 173,874 $ 88,538 $ 308,672 $ 158,204

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jul. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of Weighted Average Assumptions Used for Calculation of Fair Value of Stock Options Granted	The table below presents the weighted average assumptions used with the Black-Scholes option-pricing model for the calculation of the fair value of stock options granted during the three months ended April 30, 2021. There were no stock options granted during the three months ended July 31, 2021 or during the three and six months ended July 31, 2020. Six Months Ended July 31, 2021 Expected volatility 51.61 % Expected life in years 6.0 Risk-free interest rates 0.89 % Dividend rate 2.90 % Weighted average fair value per option at date of grant $ 10.23
Schedule of Stock Options Activity	The following table summarizes the Company’s stock options activity during the first six months of fiscal 2022: Outstanding Weighted Option Weighted Aggregate Options outstanding at January 31, 561,110 options exercisable) 1,111,110 $ 21.90 $ 12.42 -$ 42.12 6.9 $ 2,975 Granted 201,875 $ 27.62 $ 27.62 Exercised ( 24,517 ) $ 25.45 $ 23.35 -$ 30.36 Cancelled — Options outstanding at July 31, 2021 1,288,468 $ 22.73 $ 12.42 -$ 42.12 7.0 $ 10,271 Exercisable at July 31, 2021 548,593 $ 28.29 3.8 $ 1,785 Expected to vest at July 31, 2021 663,115 $ 18.45 9.3 $ 7,702
Summary of Stock Awards Activity	The following table summarizes the Company’s stock awards activity during the first six months of fiscal 2022: Number of Weighted- Weighted- Aggregate Units outstanding at January 31, 2021 415,994 $ 29.17 Units granted 126,497 $ 27.62 Units vested ( 228,928 ) $ 31.49 Units forfeited — $ — Units outstanding at July 31, 2021 313,563 $ 26.85 2.1 $ 9,429

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	6 Months Ended
	Jul. 31, 2021
Segment Reporting [Abstract]
Operating Segment Data	Operating Segment Data for the Three Months Ended July 31, 2021 and 2020 (in thousands): Net Sales 2021 2020 Watch and Accessory Brands: Owned brands category $ 60,902 $ 31,622 Licensed brands category 84,077 46,414 After-sales service and all other 1,200 153 Total Watch and Accessory Brands 146,179 78,189 Company Stores 27,695 10,349 Consolidated total $ 173,874 $ 88,538 Operating Income/(Loss) (3)(5) 2021 2020 Watch and Accessory Brands $ 15,718 $ ( 9,945 ) Company Stores 8,915 1,029 Consolidated total $ 24,633 $ ( 8,916 ) Operating Segment Data as of and for the Six Months Ended July 31, 2021 and 2020 (in thousands): Net Sales 2021 2020 Watch and Accessory Brands: Owned brands category $ 109,273 $ 56,983 Licensed brands category 151,703 82,098 After-sales service and all other 1,482 2,394 Total Watch and Accessory Brands 262,458 141,475 Company Stores 46,214 16,729 Consolidated total $ 308,672 $ 158,204 Operating Income/(Loss) (3)(4)(5) 2021 2020 Watch and Accessory Brands $ 24,503 $ ( 189,566 ) Company Stores 13,386 ( 1,513 ) Consolidated total $ 37,889 $ ( 191,079 ) Total Assets July 31, January 31, July 31, Watch and Accessory Brands $ 651,495 $ 659,681 $ 618,419 Company Stores 59,403 59,576 61,270 Consolidated total $ 710,898 $ 719,257 $ 679,689
Geographic Segment Data	Geographic Location Data for the Three Months Ended July 31, 2021 and 2020 (in thousands): Net Sales Operating Income/(Loss) (3)(5) 2021 2020 2021 2020 United States (1) $ 85,487 $ 34,766 $ 8,820 $ ( 14,319 ) International (2) 88,387 53,772 15,813 5,403 Consolidated total $ 173,874 $ 88,538 $ 24,633 $ ( 8,916 ) United States and International net sales are net of intercompany sales of $ 90.7 million and $ 29.1 million for the three months ended July 31, 2021 and 2020, respectively. Geographic Location Data as of and for the Six Months Ended July 31, 2021 and 2020 (in thousands): Net Sales Operating Income/(Loss) (3)(4)(5) 2021 2020 2021 2020 United States (1) $ 151,380 $ 63,300 $ 9,579 $ ( 134,309 ) International (2) 157,292 94,904 28,310 ( 56,770 ) Consolidated total $ 308,672 $ 158,204 $ 37,889 $ ( 191,079 ) United States and International net sales are net of intercompany sales of $ 160.4 million and $ 71.9 million for the six months ended July 31, 2021 and 2020, respectively. (1) The United States operating income/(loss) included $ 13.0 million and $ 6.1 million of unallocated corporate expenses for the three months ended July 31, 2021 and 2020, respectively. The United States operating income/(loss) included $ 21.9 million and $ 12.1 million of unallocated corporate expenses for the six months ended July 31, 2021 and 2020, respectively. (2) The International operating income included $ 16.9 million and $ 11.2 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended July 31, 2021 and 2020, respectively. The International operating income/(loss) included $ 30.8 million and $ 22.3 million of certain intercompany profits related to the Company’s supply chain operations for the six months ended July 31, 2021 and 2020, respectively. (3) For the three months ended July 31, 2021 and 2020, and for the six months ended July 31, 2021 and 2020, in the United States locations of the Watch and Accessory Brands segment, operating income/(loss) included a charge of $ 0.1 million, $ 0.3 million, $ 0.2 million and $ 1.0 million, respectively, related to the amortization of intangible assets, deferred compensation and certain acquisition accounting adjustments associated with the MVMT brand. In addition, in the International locations of the Watch and Accessory Brands segment for the three months ended July 31, 2021 and 2020, and for the six months ended July 31, 2021 and 2020, operating income/(loss) included a charge of $ 0.7 million, $ 0.7 million, $ 1.4 and $ 1.4 million, respectively, related to the amortization of acquired intangible assets as a result of the Company’s acquisition of the Olivia Burton brand. (4) For the six months ended July 31, 2020, in the United States locations of the Watch and Accessory Brands segment, operating loss included a charge of $ 99.7 million, related to the impairment of goodwill and intangible assets associated with the MVMT brand. In addition, in the International locations of the Watch and Accessory Brands segment, for the six months ended July 31, 2020, operating loss included a charge of $ 56.2 million related to the impairment of goodwill associated with the Olivia Burton brand and City Time Joint Venture. (5) For the three months ended July 2020, in the United States locations and the International locations of the Watch and Accessory Brands segment, operating (loss)/income included a charge of $ 6.6 million and $ 0.8 million, respectively, related to the corporate initiatives that the Company took in response to the impact on its business due to the COVID-19 pandemic. For the six months ended July 2020, in the United States locations and the International locations of the Watch and Accessory Brands segment, operating loss included a charge of $ 11.3 million and $ 3.3 million, respectively, related to the corporate initiatives that the Company took in response to the impact on its business due to the COVID-19 pandemic. Total Assets July 31, January 31, July 31, United States $ 350,187 $ 352,517 $ 313,411 International 360,711 366,740 366,278 Consolidated total $ 710,898 $ 719,257 $ 679,689 Property, Plant and Equipment, Net July 31, January 31, July 31, United States $ 13,014 $ 14,792 $ 16,825 International 6,642 7,557 9,063 Consolidated total $ 19,656 $ 22,349 $ 25,888

Impact of the COVID-19 Pandem_2

Impact of the COVID-19 Pandemic - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	4 Months Ended	6 Months Ended	12 Months Ended
	Apr. 30, 2020	Jun. 30, 2020	Jul. 31, 2021	Jan. 31, 2021	Jul. 31, 2020	Mar. 31, 2020
Unusual Or Infrequent Item [Line Items]
Outstanding under revolving facility				$ 21,230	$ 48,341
Covid 19
Unusual Or Infrequent Item [Line Items]
Impairment charges related to goodwill	$ 133,700
Impairment charges related to intangible assets	$ 22,200
North America | Covid 19
Unusual Or Infrequent Item [Line Items]
Percentage of workforce furloughing		80.00%
Revolving Credit Facility | Covid 19
Unusual Or Infrequent Item [Line Items]
Line of credit facility additional borrowing capacity						$ 30,900
Repayment of revolving credit facility			$ 21,100	$ 64,500
Outstanding under revolving facility			$ 0

Earnings Per Share and Cash D_3

Earnings Per Share and Cash Dividends - Schedule of Number of Shares Used in Calculating Basic and Diluted Earnings (Loss) Per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Weighted average common shares outstanding:
Basic	23,332	23,240	23,326	23,191
Effect of dilutive securities:
Stock awards and options to purchase shares of common stock	407	0	410	0
Diluted	23,739	23,240	23,736	23,191

Earnings Per Share and Cash D_4

Earnings Per Share and Cash Dividends - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	May 27, 2021	Mar. 25, 2021	Feb. 05, 2021	Jul. 31, 2021	Apr. 30, 2021	Jul. 31, 2020	Apr. 30, 2020	Jul. 31, 2021	Jul. 31, 2020
Earnings Per Share Diluted [Line Items]
Dilutive common stock equivalents were excluded from the computation of diluted earnings per share				365,000		960,000		319,000	921,000
Cash dividend declared and payable	$ 0.20	$ 0.20				$ 0	$ 0	$ 0.40
Dividend paid			$ 2,300	$ 4,700	$ 4,600			$ 9,298
Dividend payable date				Jun. 23, 2021	Apr. 21, 2021
Cash dividend paid per share			$ 0.10
Dividend payable, record date	Jun. 9, 2021	Apr. 7, 2021	Jan. 21, 2021
Stock Options
Earnings Per Share Diluted [Line Items]
Dilutive common stock equivalents were excluded from the computation of diluted earnings per share						41,000			84,000

Restructuring Provision - Addit

Restructuring Provision - Additional Information (Details) - USD ($)	3 Months Ended			6 Months Ended			12 Months Ended
	Jul. 31, 2021	Apr. 30, 2021	Jul. 31, 2020	Jan. 31, 2022	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021
Restructuring Cost And Reserve [Line Items]
Restructuring charges	$ 8,100,000						$ 12,600,000
Payments for restructuring					$ 1,356,000	$ 1,837,000	6,700,000
Restructuring charges with non-cash use					1,300,000
Restructuring charges with non-cash portion used					45,000	1,763,000	$ 2,100,000
Write-off related to non-refundable deposits						1,500,000
Provision for restructuring charges	$ 0	$ 0	$ 7,368,000		0	$ 14,608,000
Forecast
Restructuring Cost And Reserve [Line Items]
Restructuring charges				$ 1,100,000
Severance and Employee Related | Minimum
Restructuring Cost And Reserve [Line Items]
Expected annual savings from restructuring plan					14,000,000
Severance and Employee Related | Maximum
Restructuring Cost And Reserve [Line Items]
Expected annual savings from restructuring plan					$ 16,000,000

Restructuring Provision - Summa

Restructuring Provision - Summary of Rollforward of Provision Related Corporate Initiatives, Including Provision Associated with Restructuring Plan (Details) - USD ($)		3 Months Ended					6 Months Ended			12 Months Ended
		Jul. 31, 2021		Apr. 30, 2021		Jul. 31, 2020	Jul. 31, 2021		Jul. 31, 2020	Jan. 31, 2021
Restructuring Cost And Reserve [Line Items]
Beginning Balance				$ 3,781,000			$ 3,781,000		$ 0	$ 0
Provision		$ 0		0		$ 7,368,000	0		14,608,000
Non-Cash Use							(45,000)		(1,763,000)	(2,100,000)
Cash Payments							(1,356,000)		(1,837,000)	(6,700,000)
Ending Balance		2,380,000				11,008,000	2,380,000		11,008,000	3,781,000
Restructuring Plan | Severance and Employee Related
Restructuring Cost And Reserve [Line Items]
Beginning Balance				2,378,000	[1]		2,378,000	[1]	0	0
Provision							0	[1]	6,966,000
Non-Cash Use							0	[1]	0
Cash Payments							(1,350,000)	[1]	(1,160,000)
Ending Balance		1,028,000	[1]			5,806,000	1,028,000	[1]	5,806,000	2,378,000	[1]
Restructuring Plan | Other
Restructuring Cost And Reserve [Line Items]
Beginning Balance	[2]			51,000			51,000		0	0
Provision	[2]						0		402,000
Non-Cash Use	[2]						0		(198,000)
Cash Payments	[2]						(6,000)		(115,000)
Ending Balance	[2]	45,000				89,000	45,000		89,000	51,000
Other Corporate Initiative | Severance and Employee Related
Restructuring Cost And Reserve [Line Items]
Beginning Balance				0			0		0	0
Provision							0		936,000
Non-Cash Use							0		0
Cash Payments							0		(395,000)
Ending Balance		0				541,000	0		541,000	0
Other Corporate Initiative | Inventory
Restructuring Cost And Reserve [Line Items]
Beginning Balance	[3]			407,000			407,000		0	0
Provision	[3]						0		3,507,000
Non-Cash Use	[3]						(45,000)		(47,000)
Cash Payments	[3]						0		0
Ending Balance	[3]	362,000				3,460,000	362,000		3,460,000	407,000
Other Corporate Initiative | Accounts Receivable
Restructuring Cost And Reserve [Line Items]
Beginning Balance	[4]			926,000			926,000		0	0
Provision	[4]						0		1,075,000
Non-Cash Use	[4]						0		0
Cash Payments	[4]						0		0
Ending Balance	[4]	926,000				1,075,000	926,000		1,075,000	926,000
Other Corporate Initiative | Other
Restructuring Cost And Reserve [Line Items]
Beginning Balance				$ 19,000	[2]		19,000	[2]	0	0
Provision							0	[2]	1,722,000
Non-Cash Use							0	[2]	(1,518,000)
Cash Payments							0	[2]	(167,000)
Ending Balance		$ 19,000	[2]			$ 37,000	$ 19,000	[2]	$ 37,000	$ 19,000	[2]
[1]	$ 0.6 million included in Accrued payroll and benefits and $ 0.4 million included in Capital in excess of par value.
[2]	Balance included in Accrued liabilities.
[3]	Reserve included in Inventories.
[4]	Reserve included in Trade receivables, net.

Restructuring Provision - Sum_2

Restructuring Provision - Summary of Rollforward of Provision Related Corporate Initiatives, Including Provision Associated with Restructuring Plan (Parenthetical) (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 31, 2021	Jul. 31, 2020
Restructuring Cost And Reserve [Line Items]
Accrued payroll and benefits	$ 13,864	$ 18,047	$ 12,431
Capital in excess of par value	217,505	$ 214,043	$ 211,628
Severance and Employee Related
Restructuring Cost And Reserve [Line Items]
Accrued payroll and benefits	600
Capital in excess of par value	$ 400

Restructuring Provision - Sum_3

Restructuring Provision - Summary of Corporate Initiative Costs by Operating Segment (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jul. 31, 2021	Apr. 30, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Restructuring Cost And Reserve [Line Items]
Provision	$ 0	$ 0	$ 7,368,000	$ 0	$ 14,608,000
Cost of Sales
Restructuring Cost And Reserve [Line Items]
Provision			0		3,508,000
Selling, General and Administrative
Restructuring Cost And Reserve [Line Items]
Provision			7,368,000		11,100,000
Watch and Accessory Brands
Restructuring Cost And Reserve [Line Items]
Provision			7,368,000		14,608,000
Watch and Accessory Brands | United States
Restructuring Cost And Reserve [Line Items]
Provision			6,631,000		11,335,000
Watch and Accessory Brands | International
Restructuring Cost And Reserve [Line Items]
Provision			737,000		3,273,000
Company Stores
Restructuring Cost And Reserve [Line Items]
Provision			$ 0		$ 0

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Apr. 30, 2020	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021
Schedule Of Goodwill And Intangible Assets [Line Items]
Long-lived intangible assets	$ 15,550,000			$ 15,550,000		$ 17,081,000
Amortization expense for intangible assets	900,000	$ 800,000		1,806,000	$ 2,100,000
Watch and Accessory Brands
Schedule Of Goodwill And Intangible Assets [Line Items]
Long-lived assets, impairment charges			$ 22,200,000
Goodwill			0
Impairment charges related to goodwill			133,700,000
Company Stores
Schedule Of Goodwill And Intangible Assets [Line Items]
Goodwill	0			0
Trade Names
Schedule Of Goodwill And Intangible Assets [Line Items]
Long-lived intangible assets	10,168,000			10,168,000		10,860,000
Amortization expense for intangible assets				824,000
Customer Relationships
Schedule Of Goodwill And Intangible Assets [Line Items]
Long-lived intangible assets	$ 4,332,000			4,332,000		$ 5,168,000
Amortization expense for intangible assets				$ 854,000
MVMT Watches, Inc. | Trade Names
Schedule Of Goodwill And Intangible Assets [Line Items]
Long-lived intangible assets			2,400,000
MVMT Watches, Inc. | Customer Relationships
Schedule Of Goodwill And Intangible Assets [Line Items]
Long-lived intangible assets			$ 0

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Summary of Changes in Carrying Amount of Other Intangible Assets (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Acquired Finite Lived Intangible Assets [Line Items]
Beginning Balance				$ 17,081
Additions				133
Amortization		$ (900)	$ (800)	(1,806)	$ (2,100)
Foreign exchange impact				142
Ending Balance		15,550		$ 15,550
Trade Names
Acquired Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)				10 years
Beginning Balance				$ 10,860
Additions				0
Amortization				(824)
Foreign exchange impact				132
Ending Balance		10,168		$ 10,168
Customer Relationships
Acquired Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)				6 years
Beginning Balance				$ 5,168
Additions				0
Amortization				(854)
Foreign exchange impact				18
Ending Balance		4,332		$ 4,332
Other
Acquired Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)	[1]			10 years
Beginning Balance	[1]			$ 1,053
Additions	[1]			133
Amortization	[1]			(128)
Foreign exchange impact	[1]			(8)
Ending Balance	[1]	$ 1,050		$ 1,050
[1]	Other includes fees paid related to trademarks.

Inventories - Components of Inv

Inventories - Components of Inventories (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 31, 2021	Jul. 31, 2020
Inventory Net [Abstract]
Finished goods	$ 136,688	$ 107,246	$ 123,413
Component parts	42,727	40,735	45,219
Work-in-process	3,874	4,599	4,742
Inventories	$ 183,289	$ 152,580	$ 173,374

Debt and Lines of Credit - Addi

Debt and Lines of Credit - Additional Information (Details)	Oct. 12, 2018USD ($)	Jul. 31, 2021USD ($)BankSubsidiary	Jul. 31, 2020USD ($)SubsidiaryBank	Apr. 30, 2020	Jul. 31, 2021USD ($)BankSubsidiary	Jul. 31, 2020USD ($)SubsidiaryBank	Jul. 31, 2021CHF (SFr)SubsidiaryBank	Jul. 31, 2020CHF (SFr)SubsidiaryBank
Debt Instrument [Line Items]
Cash paid for interest					$ 300,000	$ 800,000
LIBOR | Minimum
Debt Instrument [Line Items]
Applicable margin rate				0.00%
Second Amendment | Minimum
Debt Instrument [Line Items]
Amended EBITDA		$ 35,000,000
Second Amendment | LIBOR | Minimum
Debt Instrument [Line Items]
Applicable margin rate		1.00%
Unsecured Debt | Swiss subsidiary
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 7,200,000	$ 7,100,000		7,200,000	7,100,000	SFr 6,500,000	SFr 6,500,000
Outstanding borrowing amount		0	0		0	0
Revolving Credit Facility | Secured Debt | Credit Agreement Due on October 12, 2023
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 100,000,000
Uncommitted increase to borrowing capacity	$ 50,000,000
Credit facility matures date	Oct. 12, 2023
Loan drawn under the facility		0	48,300,000		0	48,300,000		SFr 10,000,000
Line of credit facility remaining borrowing capacity		99,700,000	51,400,000		99,700,000	51,400,000
Weighted average borrowings amount		$ 6,500,000	$ 71,500,000		$ 9,800,000	$ 68,600,000
Weighted average interest rate		2.00%	2.60%		2.79%	1.92%
Letter of Credit
Debt Instrument [Line Items]
Credit facility matures date					May 31, 2022
Outstanding borrowing amount		$ 300,000	$ 300,000		$ 300,000	$ 300,000
Letter of Credit | Secured Debt | Credit Agreement Due on October 12, 2023
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 15,000,000
Letter of Credit | Unsecured Debt | Swiss subsidiary
Debt Instrument [Line Items]
Number of European banks guaranteed obligations to third parties | Bank		2	2		2	2	2	2
Number of foreign subsidiaries under guaranteed obligation | Subsidiary		2	2		2	2	2	2
Guaranteed obligations to third parties		$ 1,300,000	$ 1,300,000		$ 1,300,000	$ 1,300,000
Restricted deposit relates to lease agreement		$ 600,000	$ 600,000		$ 600,000	$ 600,000
Swingline | Secured Debt | Credit Agreement Due on October 12, 2023
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	25,000,000
Swiss Borrowers | Secured Debt | Credit Agreement Due on October 12, 2023
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 75,000,000

Derivative Financial Instrume_2

Derivative Financial Instruments - Additional Information (Details) - 6 months ended Jul. 31, 2021	CNY (¥)	CHF (SFr)	USD ($)	EUR (€)	GBP (£)
Derivatives Fair Value [Line Items]
Cash flow hedges			$ 0
Foreign Exchange Forward
Derivatives Fair Value [Line Items]
Net forward contracts hedging portfolio	¥ 16,700,000	SFr 16,000,000	$ 18,000,000	€ 19,700,000	£ 1,300,000
Maximum
Derivatives Fair Value [Line Items]
Expiry dates ranging	Jan. 20, 2022

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 31, 2021	Jul. 31, 2020
Assets:
Total assets measured at fair value	$ 77,350	$ 73,461	$ 72,409
Liabilities:
Total liabilities measured at fair value	47,886	46,686	45,043
Level 1
Assets:
Total assets measured at fair value	49,153	47,624	46,274
Liabilities:
Total liabilities measured at fair value	47,886	46,673	45,043
Level 2
Assets:
Total assets measured at fair value	140	0	228
Liabilities:
Total liabilities measured at fair value	0	13	0
Level 3
Assets:
Total assets measured at fair value	28,057	25,837	25,907
Liabilities:
Total liabilities measured at fair value	0	0	0
Other Current Assets | Available-for-sale securities
Assets:
Total assets measured at fair value	218	184	141
Other Current Assets | Short-term investment
Assets:
Total assets measured at fair value	167	162	155
Other Current Assets | Hedge derivatives-Assets
Assets:
Total assets measured at fair value	140		228
Other Current Assets | Level 1 | Available-for-sale securities
Assets:
Total assets measured at fair value	218	184	141
Other Current Assets | Level 1 | Short-term investment
Assets:
Total assets measured at fair value	167	162	155
Other Current Assets | Level 1 | Hedge derivatives-Assets
Assets:
Total assets measured at fair value	0		0
Other Current Assets | Level 2 | Available-for-sale securities
Assets:
Total assets measured at fair value	0	0	0
Other Current Assets | Level 2 | Short-term investment
Assets:
Total assets measured at fair value	0	0	0
Other Current Assets | Level 2 | Hedge derivatives-Assets
Assets:
Total assets measured at fair value	140		228
Other Current Assets | Level 3 | Available-for-sale securities
Assets:
Total assets measured at fair value	0	0	0
Other Current Assets | Level 3 | Short-term investment
Assets:
Total assets measured at fair value	0	0	0
Other Current Assets | Level 3 | Hedge derivatives-Assets
Assets:
Total assets measured at fair value	0		0
Other Non-current Assets | SERP assets - employer
Assets:
Total assets measured at fair value	882	605	935
Other Non-current Assets | SERP assets - employee
Assets:
Total assets measured at fair value	47,886	46,673	45,043
Other Non-current Assets | Level 1 | SERP assets - employer
Assets:
Total assets measured at fair value	882	605	935
Other Non-current Assets | Level 1 | SERP assets - employee
Assets:
Total assets measured at fair value	47,886	46,673	45,043
Other Non-current Assets | Level 2 | SERP assets - employer
Assets:
Total assets measured at fair value	0	0	0
Other Non-current Assets | Level 2 | SERP assets - employee
Assets:
Total assets measured at fair value	0	0	0
Other Non-current Assets | Level 3 | SERP assets - employer
Assets:
Total assets measured at fair value	0	0	0
Other Non-current Assets | Level 3 | SERP assets - employee
Assets:
Total assets measured at fair value	0	0	0
Other non-current liabilities | SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	47,886	46,673	45,043
Other non-current liabilities | Defined Benefit Plan Assets
Assets:
Total assets measured at fair value	28,057	25,837	25,907
Other non-current liabilities | Level 1 | SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	47,886	46,673	45,043
Other non-current liabilities | Level 1 | Defined Benefit Plan Assets
Assets:
Total assets measured at fair value	0	0	0
Other non-current liabilities | Level 2 | SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	0	0	0
Other non-current liabilities | Level 2 | Defined Benefit Plan Assets
Assets:
Total assets measured at fair value	0	0	0
Other non-current liabilities | Level 3 | SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	0	0	0
Other non-current liabilities | Level 3 | Defined Benefit Plan Assets
Assets:
Total assets measured at fair value	$ 28,057	25,837	$ 25,907
Accrued Liabilities | Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value		13
Accrued Liabilities | Level 1 | Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value		0
Accrued Liabilities | Level 2 | Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value		13
Accrued Liabilities | Level 3 | Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value		$ 0

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details)	6 Months Ended
	Jul. 31, 2021USD ($)	Jan. 31, 2021
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Transfers into level 1 to level 2, assets	$ 0
Transfers into level 2 to level 1, assets	0
Transfers into level 1 to level 2, liabilities	0
Transfers into level 2 to level 1, liabilities	0
Transfers into level 3, assets	0
Transfers out of level 3, assets	0
Transfers into level 3, liabilities	0
Transfers out of level 3, liabilities	$ 0
Level 3 | Discount Rate
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Goodwill and intangible assets measurement input		17.5
Short-term investment
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair value, investment	The fair value of the short-term investment, which is a guaranteed investment certificate, is based on its purchase price plus one half of a percent calculated annually.

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details)	Oct. 01, 2018USD ($)ContingentPayment	Dec. 31, 2016USD ($)	Jul. 31, 2021USD ($)	Jan. 31, 2020USD ($)
Loss Contingencies [Line Items]
Underpaid duty charges due to alternative duty methodology		$ 5,100,000
Underpaid duty methodology period covered by statute of limitation		5 years
Maximum
Loss Contingencies [Line Items]
Committed investments in venture capital fund			$ 1,000,000
MVMT Watches, Inc.
Loss Contingencies [Line Items]
Business acquisition, number of future contingent payments | ContingentPayment	2
Business acquisition, liability				$ 0
MVMT Watches, Inc. | Maximum
Loss Contingencies [Line Items]
Business acquisition, additional purchase price future contingent payments before tax benefits	$ 100,000,000

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	Mar. 27, 2020	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Income Tax Contingency [Line Items]
Income tax provision (benefit)		$ 5,315,000	$ (1,559,000)	$ 8,645,000	$ (33,889,000)
Effective tax rate for continuing operations		21.50%	19.10%	22.90%	17.80%
Deferred tax liability, undistributed foreign earnings		$ 0		$ 0
Undistributed foreign earnings		$ 247,100,000		$ 247,100,000
CARES Act
Income Tax Contingency [Line Items]
Net operating loss carryback period with statutory tax rate of 35.0%	5 years
Regular taxable income, offset percentage	100.00%

Equity - Components of Equity (

Equity - Components of Equity (Details) - USD ($) $ in Thousands		Feb. 05, 2021	Jul. 31, 2021	Apr. 30, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Beginning Balance				$ 427,334		$ 427,334	$ 527,244
Beginning Balance				2,600		2,600
Net income/(loss) attributable to Movado Group, Inc.						29,243	(156,386)
Dividends		$ (2,300)	$ (4,700)	(4,600)		(9,298)
Stock options exercised						(1,030)	(474)
Stock repurchase						(9,975)
Supplemental executive retirement plan						57	48
Stock-based compensation expense						2,784	3,109	[1]
Net unrealized gain (loss) on investments, net of tax (benefit) provision						25	(32)
Amortization of prior service cost, net of tax provision			15		$ 15	29	28
Foreign currency translation adjustment	[2]					(2,210)	1,122
Ending Balance			436,959		374,659	436,959	374,659
Ending Balance			2,443		3,037	2,443	3,037
Common Stock Class Undefined
Beginning Balance	[3]			281		281	279
Stock options exercised	[3]					3	2
Ending Balance	[3]		284		281	284	281
Class A Common Stock
Beginning Balance	[4]			65		65	65
Ending Balance	[4]		65		65	65	65
Capital in Excess of Par Value
Beginning Balance				214,043		214,043	208,473
Stock options exercised						621	(2)
Supplemental executive retirement plan						57	48
Stock-based compensation expense						2,784	3,109	[1]
Ending Balance			217,505		211,628	217,505	211,628
Retained Earnings
Beginning Balance				341,641		341,641	455,479
Net income/(loss) attributable to Movado Group, Inc.						28,819	(156,608)
Dividends						(9,298)
Ending Balance			361,162		298,871	361,162	298,871
Accumulated Other Comprehensive Income
Beginning Balance				92,540		92,540	85,050
Net unrealized gain (loss) on investments, net of tax (benefit) provision						25	(32)
Amortization of prior service cost, net of tax provision						29	28
Foreign currency translation adjustment	[2]					(2,108)	1,063
Ending Balance			90,486		86,109	90,486	86,109
Treasury Stock
Beginning Balance				(223,306)		(223,306)	(222,809)
Stock options exercised						(1,654)	(474)
Stock repurchase						(9,975)
Ending Balance			(234,935)		(223,283)	(234,935)	(223,283)
Noncontrolling Interest
Beginning Balance				2,070		2,070	707
Net income/(loss) attributable to Movado Group, Inc.						424	222
Foreign currency translation adjustment	[2]					(102)	59
Ending Balance			2,392		988	2,392	988
Redeemable Noncontrolling Interest
Beginning Balance				$ 2,600		2,600	3,165
Net income/(loss) attributable to Movado Group, Inc.						(91)	(325)
Foreign currency translation adjustment	[2]					(66)	197
Ending Balance			$ 2,443		$ 3,037	$ 2,443	$ 3,037
[1]	Includes $ 0.4 million related to the Restructuring Plan of the corporate initiatives.
[2]	The currency translation adjustment is not adjusted for income taxes to the extent that it relates to permanent investments of earnings in international subsidiaries.
[3]	Each share of common stock is entitled to one vote per share on all matters submitted to a vote of the shareholders.
[4]	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.

Equity - Components of Equity_2

Equity - Components of Equity (Parenthetical) (Details) - USD ($) $ / shares in Units, $ in Thousands	May 27, 2021	Mar. 25, 2021	Jul. 31, 2021	Jul. 31, 2020	Apr. 30, 2020	Jul. 31, 2021	Jul. 31, 2020
Dividends per share	$ 0.20	$ 0.20		$ 0	$ 0	$ 0.40
Net unrealized gain (loss) on investments, tax provision/(benefit)			$ (6)	$ 2		$ 8	$ (11)
Amortization of prior service cost, tax provision			$ 4	$ 4		8	8
Stock-based compensation expense						$ 2,784	3,109	[1]
Corporate Initiatives
Stock-based compensation expense							$ 400
Common Stock Class Undefined
Common Stock, Voting Rights						Each share of common stock is entitled to one vote per share on all matters submitted to a vote of the shareholders.
Class A Common Stock
Common Stock, Voting Rights						Each share of class A common stock is entitled to 10 votes per share on all matters submitted to a vote of the shareholders.
Common stock, Conversion basis						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.
[1]	Includes $ 0.4 million related to the Restructuring Plan of the corporate initiatives.

Treasury Stock - Additional Inf

Treasury Stock - Additional Information (Details) - USD ($)	Mar. 25, 2021	Aug. 29, 2017	Jul. 31, 2021	Jul. 31, 2020
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares authorized	$ 25,000,000
Stock repurchase program, total cost of shares repurchased			$ 9,975,000
Stock repurchase program expiration date	Sep. 30, 2022
Existing Share Repurchase Program
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares authorized		$ 50,000,000
Stock repurchase program, total cost of shares repurchased			$ 10,000,000
Stock repurchase program expiration date		Aug. 29, 2020
Stock repurchase program, number of shares repurchased			334,000	0
Stock repurchase program, average per share price of shares repurchased			$ 29.87
Stock repurchase program, remaining authorized repurchase amount			$ 15,000,000
Surrender of Shares by Employee
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares repurchased			54,720	47,302

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income - Component of Accumulated Other Comprehensive Income (loss) (Details) - USD ($) $ in Thousands	Jul. 31, 2021	Jan. 31, 2021	Jul. 31, 2020
Accumulated Other Comprehensive Income Loss [Line Items]
Foreign currency translation adjustments	$ 91,058	$ 93,166	$ 86,408
Available-for-sale securities	149	124	92
Total accumulated other comprehensive income	90,486	92,540	86,109
Unrecognized Prior Service Cost
Accumulated Other Comprehensive Income Loss [Line Items]
Defined benefit pension plan	(315)	(344)	(339)
Net Actuarial Loss
Accumulated Other Comprehensive Income Loss [Line Items]
Defined benefit pension plan	$ (406)	$ (406)	$ (52)

Revenue - Summary of Net Sales

Revenue - Summary of Net Sales Disaggregated by Customer Type (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Disaggregation Of Revenue [Line Items]
Net sales	$ 173,874	$ 88,538	$ 308,672	$ 158,204
Wholesale
Disaggregation Of Revenue [Line Items]
Net sales	115,586	60,462	214,989	113,372
Direct to consumer
Disaggregation Of Revenue [Line Items]
Net sales	57,278	27,688	91,964	43,992
After-sales service
Disaggregation Of Revenue [Line Items]
Net sales	$ 1,010	$ 388	$ 1,719	$ 840

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($)	Apr. 04, 2013	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock options granted		0	0	201,875	0
Compensation expense		$ 400,000	$ 27,000	$ 700,000	$ 100,000
Unrecognized compensation cost related to unvested stock options		3,300,000		$ 3,300,000
Weighted-average period				2 years 4 months 24 days
Cash received for stock option exercises				$ 600,000	0
Fair value of stock options exercised				300,000
Intrinsic value of stock options exercised				100,000
Stock options exercised					0
Stock Award Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense		900,000	1,500,000	$ 2,100,000	3,000,000
Weighted-average period				2 years
Unrecognized compensation cost		$ 4,500,000		$ 4,500,000
Fair value of stock award units vested				$ 7,200,000
Stock Award Units | Corporate Initiatives
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense			$ 400,000		$ 400,000
Performance-Based Stock Awards | Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares issued percentage of target number of underlying stock award units				0.00%
Performance-Based Stock Awards | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares issued percentage of target number of underlying stock award units				150.00%
Employee Stock Option Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of common stock shares	11,000,000
Options granted to participants exercisable period	3 years

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Weighted Average Assumptions Used for Calculation of Fair Value of Stock Options Granted (Details)	6 Months Ended
	Jul. 31, 2021$ / shares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Expected volatility	51.61%
Expected life in years	6 years
Risk-free interest rates	0.89%
Dividend rate	2.90%
Weighted average fair value per option at date of grant	$ 10.23

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of Stock Options Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021	Jul. 31, 2020	Jan. 31, 2021
Schedule of stock options activity
Outstanding Option Beginning Balance			1,111,110
Stock options granted	0	0	201,875	0
Exercised			(24,517)
Cancelled			0
Outstanding Option Ending Balance	1,288,468		1,288,468		1,111,110
Exercisable	548,593		548,593		561,110
Expected to vest	663,115		663,115
Weighted Average Exercise Price per Option, Beginning Balance			$ 21.90
Granted, Weighted Average Exercise Price per Option			27.62
Exercised. Weighted Average Exercise Price per Option			25.45
Weighted Average Exercise Price per Option, Ending Balance	$ 22.73		22.73		$ 21.90
Exercisable, Weighted Average Exercise Price per Option	28.29		28.29
Expected to vest, Weighted Average Exercise Price per Option	$ 18.45		18.45
Option Price Per Share, Granted			$ 27.62
Options outstanding, Weighted Average Remaining Contractual Term (years)			7 years		6 years 10 months 24 days
Exercisable, Weighted Average Remaining Contractual Term (years)			3 years 9 months 18 days
Expected to vest, Weighted Average Remaining Contractual Term (years)			9 years 3 months 18 days
Options outstanding, Aggregate Intrinsic Value	$ 10,271		$ 10,271		$ 2,975
Exercisable, Aggregate Intrinsic Value	1,785		1,785
Expected to vest, Aggregate Intrinsic Value	$ 7,702		$ 7,702
Minimum
Schedule of stock options activity
Option Price Per Share, Beginning Balance			$ 12.42
Option Price Per Share, Exercised			23.35
Option Price Per Share, Ending Balance	$ 12.42		12.42		$ 12.42
Maximum
Schedule of stock options activity
Option Price Per Share, Beginning Balance			42.12
Option Price Per Share, Exercised			30.36
Option Price Per Share, Ending Balance	$ 42.12		$ 42.12		$ 42.12

Stock-Based Compensation - Sc_3

Stock-Based Compensation - Schedule of Stock Options Activity (Parenthetical) (Details) - shares	Jul. 31, 2021	Jan. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Exercisable	548,593	561,110

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Awards Activity (Details) - Stock Award Units $ / shares in Units, $ in Thousands	6 Months Ended
	Jul. 31, 2021USD ($)$ / sharesshares
Number of Stock Award Units
Stock Award Units, Beginning Balance | shares	415,994
Units granted | shares	126,497
Units vested | shares	(228,928)
Units forfeited | shares	0
Stock Award Units, Ending Balance | shares	313,563
Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value, Beginning Balance | $ / shares	$ 29.17
Units granted, Weighted Average Grant Date Fair Value | $ / shares	27.62
Units vested, Weighted Average Grant Date Fair Value | $ / shares	31.49
Units forfeited, Weighted Average Grant Date Fair Value | $ / shares	0
Weighted Average Grant Date Fair Value Ending Balance | $ / shares	$ 26.85
Weighted-Average Remaining Contractual Term (years)
Units outstanding, Weighted-Average Remaining Contractual Term (years)	2 years 1 month 6 days
Aggregate Intrinsic Value
Units outstanding, Aggregate Intrinsic Value | $	$ 9,429

Segment and Geographic Inform_3

Segment and Geographic Information - Additional Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2021USD ($)	Jul. 31, 2020USD ($)	Jul. 31, 2021USD ($)LocationSegment	Jul. 31, 2020USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | Segment			2
Number of geographic locations | Location			2
Net sales	$ 173,874	$ 88,538	$ 308,672	$ 158,204
Intersegment Eliminations
Segment Reporting Information [Line Items]
Net sales	$ 90,700	$ 29,100	$ 160,400	$ 71,900
Geographic Concentration Risk | Europe | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	33.40%	39.60%	31.40%	38.80%
Geographic Concentration Risk | Middle East | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	8.20%	11.30%	8.30%	8.00%
Geographic Concentration Risk | Asia | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	4.80%	7.10%	5.00%	7.70%
Geographic Concentration Risk | Americas (excluding the United States) | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	4.40%	2.70%	6.30%	5.50%

Segment and Geographic Inform_4

Segment and Geographic Information - Operating Segment Data (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021		Jul. 31, 2020		Jan. 31, 2021
Operating segment data
Net sales		$ 173,874	$ 88,538	$ 308,672		$ 158,204
Operating Income/(Loss)	[1],[2]	24,633	(8,916)	37,889	[3]	(191,079)	[3]
Total Assets		710,898	679,689	710,898		679,689		$ 719,257
Watch and Accessory Brands
Operating segment data
Net sales		146,179	78,189	262,458		141,475
Operating Income/(Loss)	[1],[2]	15,718	(9,945)	24,503	[3]	(189,566)	[3]
Total Assets		651,495	618,419	651,495		618,419		659,681
Watch and Accessory Brands | Owned brands category
Operating segment data
Net sales		60,902	31,622	109,273		56,983
Watch and Accessory Brands | Licensed brands category
Operating segment data
Net sales		84,077	46,414	151,703		82,098
Watch and Accessory Brands | After-sales service and all other
Operating segment data
Net sales		1,200	153	1,482		2,394
Company Stores
Operating segment data
Net sales		27,695	10,349	46,214		16,729
Operating Income/(Loss)	[1],[2]	8,915	1,029	13,386	[3]	(1,513)	[3]
Total Assets		$ 59,403	$ 61,270	$ 59,403		$ 61,270		$ 59,576
[1]	For the three months ended July 2020, in the United States locations and the International locations of the Watch and Accessory Brands segment, operating (loss)/income included a charge of $ 6.6 million and $ 0.8 million, respectively, related to the corporate initiatives that the Company took in response to the impact on its business due to the COVID-19 pandemic. For the six months ended July 2020, in the United States locations and the International locations of the Watch and Accessory Brands segment, operating loss included a charge of $ 11.3 million and $ 3.3 million, respectively, related to the corporate initiatives that the Company took in response to the impact on its business due to the COVID-19 pandemic.
[2]	For the three months ended July 31, 2021 and 2020, and for the six months ended July 31, 2021 and 2020, in the United States locations of the Watch and Accessory Brands segment, operating income/(loss) included a charge of $ 0.1 million, $ 0.3 million, $ 0.2 million and $ 1.0 million, respectively, related to the amortization of intangible assets, deferred compensation and certain acquisition accounting adjustments associated with the MVMT brand. In addition, in the International locations of the Watch and Accessory Brands segment for the three months ended July 31, 2021 and 2020, and for the six months ended July 31, 2021 and 2020, operating income/(loss) included a charge of $ 0.7 million, $ 0.7 million, $ 1.4 and $ 1.4 million, respectively, related to the amortization of acquired intangible assets as a result of the Company’s acquisition of the Olivia Burton brand.
[3]	For the six months ended July 31, 2020, in the United States locations of the Watch and Accessory Brands segment, operating loss included a charge of $ 99.7 million, related to the impairment of goodwill and intangible assets associated with the MVMT brand. In addition, in the International locations of the Watch and Accessory Brands segment, for the six months ended July 31, 2020, operating loss included a charge of $ 56.2 million related to the impairment of goodwill associated with the Olivia Burton brand and City Time Joint Venture.

Segment and Geographic Inform_5

Segment and Geographic Information - Geographic Location Data (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 31, 2021	Jul. 31, 2020	Jul. 31, 2021		Jul. 31, 2020		Jan. 31, 2021
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales		$ 173,874	$ 88,538	$ 308,672		$ 158,204
Operating Income/(Loss)	[1],[2]	24,633	(8,916)	37,889	[3]	(191,079)	[3]
Total Assets		710,898	679,689	710,898		679,689		$ 719,257
Property, Plant and Equipment, Net		19,656	25,888	19,656		25,888		22,349
United States
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	[4]	85,487	34,766	151,380		63,300
Operating Income/(Loss)	[1],[2],[4]	8,820	(14,319)	9,579	[3]	(134,309)	[3]
Total Assets		350,187	313,411	350,187		313,411		352,517
Property, Plant and Equipment, Net		13,014	16,825	13,014		16,825		14,792
International
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	[5]	88,387	53,772	157,292		94,904
Operating Income/(Loss)	[1],[2],[5]	15,813	5,403	28,310	[3]	(56,770)	[3]
Total Assets		360,711	366,278	360,711		366,278		366,740
Property, Plant and Equipment, Net		$ 6,642	$ 9,063	$ 6,642		$ 9,063		$ 7,557
[1]	For the three months ended July 2020, in the United States locations and the International locations of the Watch and Accessory Brands segment, operating (loss)/income included a charge of $ 6.6 million and $ 0.8 million, respectively, related to the corporate initiatives that the Company took in response to the impact on its business due to the COVID-19 pandemic. For the six months ended July 2020, in the United States locations and the International locations of the Watch and Accessory Brands segment, operating loss included a charge of $ 11.3 million and $ 3.3 million, respectively, related to the corporate initiatives that the Company took in response to the impact on its business due to the COVID-19 pandemic.
[2]	For the three months ended July 31, 2021 and 2020, and for the six months ended July 31, 2021 and 2020, in the United States locations of the Watch and Accessory Brands segment, operating income/(loss) included a charge of $ 0.1 million, $ 0.3 million, $ 0.2 million and $ 1.0 million, respectively, related to the amortization of intangible assets, deferred compensation and certain acquisition accounting adjustments associated with the MVMT brand. In addition, in the International locations of the Watch and Accessory Brands segment for the three months ended July 31, 2021 and 2020, and for the six months ended July 31, 2021 and 2020, operating income/(loss) included a charge of $ 0.7 million, $ 0.7 million, $ 1.4 and $ 1.4 million, respectively, related to the amortization of acquired intangible assets as a result of the Company’s acquisition of the Olivia Burton brand.
[3]	For the six months ended July 31, 2020, in the United States locations of the Watch and Accessory Brands segment, operating loss included a charge of $ 99.7 million, related to the impairment of goodwill and intangible assets associated with the MVMT brand. In addition, in the International locations of the Watch and Accessory Brands segment, for the six months ended July 31, 2020, operating loss included a charge of $ 56.2 million related to the impairment of goodwill associated with the Olivia Burton brand and City Time Joint Venture.
[4]	The United States operating income/(loss) included $ 13.0 million and $ 6.1 million of unallocated corporate expenses for the three months ended July 31, 2021 and 2020, respectively. The United States operating income/(loss) included $ 21.9 million and $ 12.1 million of unallocated corporate expenses for the six months ended July 31, 2021 and 2020, respectively.
[5]	The International operating income included $ 16.9 million and $ 11.2 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended July 31, 2021 and 2020, respectively. The International operating income/(loss) included $ 30.8 million and $ 22.3 million of certain intercompany profits related to the Company’s supply chain operations for the six months ended July 31, 2021 and 2020, respectively.

Segment and Geographic Inform_6

Segment and Geographic Information - Geographic Location Data (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jul. 31, 2021	Jul. 31, 2020	Apr. 30, 2020	Jul. 31, 2021	Jul. 31, 2020
Segment Reporting Information [Line Items]
Charge related to the amortization of intangible assets	$ 900	$ 800		$ 1,806	$ 2,100
Charge related to the impairment of goodwill and intangible assets	0	0		0	155,919
Watch and Accessory Brands
Segment Reporting Information [Line Items]
Charge related to the impairment of goodwill			$ 133,700
United States
Segment Reporting Information [Line Items]
Unallocated corporate expenses	13,000	6,100		21,900	12,100
United States | Watch and Accessory Brands
Segment Reporting Information [Line Items]
Charge related to the corporate initiatives		6,600			11,300
United States | Watch and Accessory Brands | MVMT Watches, Inc.
Segment Reporting Information [Line Items]
Charge related to the amortization of intangible assets	100	300		200	1,000
Charge related to the impairment of goodwill and intangible assets					99,700
International
Segment Reporting Information [Line Items]
Profits related to the company's supply chain operations	16,900	11,200		30,800	22,300
International | Watch and Accessory Brands
Segment Reporting Information [Line Items]
Charge related to the corporate initiatives		800			3,300
International | Watch and Accessory Brands | JLB Brands Ltd
Segment Reporting Information [Line Items]
Charge related to the amortization of intangible assets	$ 700	$ 700		$ 1,400	1,400
International | Watch and Accessory Brands | Olivia Burton Band and City Time Joint Venture
Segment Reporting Information [Line Items]
Charge related to the impairment of goodwill					$ 56,200