Movado (MOV) 10-Q 26 May 22 2023 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 30, 2022	May 23, 2022
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	Apr. 30, 2022
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
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		16,031,854
Class A Common Stock
Entity Common Stock, Shares Outstanding		6,524,805

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022	Apr. 30, 2021
Current assets:
Cash and cash equivalents	$ 225,256	$ 277,128	$ 186,950
Trade receivables, net	92,744	91,558	78,584
Inventories	180,003	160,283	169,966
Other current assets	23,558	16,974	23,649
Income taxes receivable	3,421	7,941	24,305
Total current assets	524,982	553,884	483,454
Property, plant and equipment, net	18,434	19,470	20,599
Operating lease right-of-use assets	79,717	68,599	72,836
Deferred and non-current income taxes	42,854	42,596	41,528
Other intangibles, net	11,990	13,507	16,300
Other non-current assets	62,007	63,104	59,989
Total assets	739,984	761,160	694,706
Current liabilities:
Accounts payable	44,140	46,011	34,595
Accrued liabilities	54,698	48,522	45,687
Accrued payroll and benefits	7,822	25,117	9,727
Current operating lease liabilities	16,588	13,693	15,413
Income taxes payable	15,141	18,123	9,128
Total current liabilities	138,389	151,466	114,550
Loans payable to bank	0	0	10,000
Deferred and non-current income taxes payable	19,385	19,614	21,280
Non-current operating lease liabilities	70,440	62,730	65,568
Other non-current liabilities	47,301	50,264	51,528
Total liabilities	275,515	284,074	262,926
Commitments and contingencies (Note 9)
Redeemable noncontrolling interest	2,251	2,311	2,560
Equity:
Preferred Stock, $0.01 par value, 5,000,000 shares authorized; no shares issued	0	0	0
Capital in excess of par value	224,708	222,615	215,890
Retained earnings	424,160	413,587	346,408
Accumulated other comprehensive income	75,032	85,295	89,406
Treasury Stock, 12,673,763, 12,266,978 and 11,558,546 shares, respectively, at cost	(264,602)	(249,040)	(225,276)
Total Movado Group, Inc. shareholders' equity	459,650	472,808	426,777
Noncontrolling interest	2,568	1,967	2,443
Total equity	462,218	474,775	429,220
Total liabilities, redeemable noncontrolling interest and equity	739,984	761,160	694,706
Common Stock Class Undefined
Equity:
Common Stock	287	286	284
Class A Common Stock
Equity:
Common Stock	$ 65	$ 65	$ 65

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (PARENTHETICAL) - $ / shares	Apr. 30, 2022	Jan. 31, 2022	Apr. 30, 2021
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	12,673,763	12,266,978	11,558,546
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	28,771,219	28,633,025	28,372,938
Common Stock, shares outstanding	28,771,219	28,633,025	28,372,938
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	6,524,805	6,524,805	6,560,509
Common Stock, shares outstanding	6,524,805	6,524,805	6,560,509

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Apr. 30, 2022	Apr. 30, 2021
Income Statement [Abstract]
Net sales		$ 163,424	$ 134,798
Cost of sales		66,739	60,596
Gross profit		96,685	74,202
Selling, general and administrative		71,391	60,946
Operating income	[1]	25,294	13,256
Non-operating income/(expense):
Other income		83	100
Interest expense		(112)	(275)
Income before income taxes		25,265	13,081
Provision for income taxes (Note 10)		6,011	3,330
Net income		19,254	9,751
Less: Net income attributable to noncontrolling interests		741	342
Net income attributable to Movado Group, Inc.		$ 18,513	$ 9,409
Basic income per share:
Weighted basic average shares outstanding		22,840	23,320
Net income per share attributable to Movado Group, Inc.		$ 0.81	$ 0.40
Diluted income per share:
Weighted diluted average shares outstanding		23,397	23,741
Net income per share attributable to Movado Group, Inc.		$ 0.79	$ 0.40
[1]	For both the three months ended April 30, 2022 and 2021, in the United States locations of the Watch and Accessory Brands segment, operating income included a charge of $ 0.1 million of expenses related to the amortization of intangible assets and deferred compensation associated with the MVMT brand. In addition, in the International locations of the Watch and Accessory Brands segment for both the three months ended April 30, 2022 and 2021, operating income included a charge of $ 0.7 million of expenses related to the amortization of acquired intangible assets as a result of the Company’s acquisition of the Olivia Burton brand.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 19,254	$ 9,751
Other comprehensive income/(loss):
Net unrealized (loss)/gain on investments, net of tax (benefit)/provision of $(2) and $14, respectively	(5)	41
Accumulated other comprehensive income before reclassification, net of tax provision of $271 and $0	1,367	0
Amounts reclassified from accumulated other comprehensive income/(loss), net of tax benefit of ($28) and $0	(139)
Amortization of prior service cost, net of tax provision of $4 and $4, respectively	14	14
Foreign currency translation adjustments	(11,500)	(3,189)
Total other comprehensive loss, net of taxes	(10,263)	(3,134)
Comprehensive income/(loss) attributable to noncontrolling interests:
Net income	741	342
Foreign currency translation adjustments	(200)	(9)
Total comprehensive income attributable to noncontrolling interests	541	333
Total comprehensive income attributable to Movado Group, Inc.	$ 8,450	$ 6,284

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (PARENTHETICAL) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Statement of Comprehensive Income [Abstract]
Net unrealized (loss) gain on investments, tax (benefit) provision	$ (2)	$ 14
Accumulated other comprehensive income before reclassification effective portion of hedging contracts, tax provision	271	0
Amount reclassified from accumulated other comprehensive income/(loss) effective portion of hedging contracts, tax provision	28	0
Amortization of prior service cost, tax provision	$ 4	$ 4

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Cash flows from operating activities:
Net income	$ 19,254	$ 9,751
Adjustments to reconcile net (loss)/income to net cash used in operating activities:
Depreciation and amortization	2,932	3,173
Transactional (gains)/losses	(340)	(795)
Provision for inventories and accounts receivable	661	776
Deferred income taxes	(491)	354
Stock-based compensation	1,343	1,554
Other	66	57
Changes in assets and liabilities:
Trade receivables	(3,512)	(1,896)
Inventories	(24,286)	(19,525)
Other current assets	(5,570)	(194)
Accounts payable	(689)	6,898
Accrued liabilities	6,103	(3,594)
Accrued payroll and benefits	(17,073)	(8,234)
Income taxes receivable	5,116	544
Income taxes payable	(3,765)	(5,261)
Other non-current assets	(672)	610
Other non-current liabilities	171	409
Net cash provided by/(used in) operating activities	(20,752)	(15,373)
Cash flows from investing activities:
Capital expenditures	(1,381)	(407)
Long-term investments	(1,850)	0
Trademarks and other intangibles	(22)	(44)
Net cash used in investing activities	(3,253)	(451)
Cash flows from financing activities:
Repayment of bank borrowings	0	(11,140)
Dividends paid	(7,940)	(6,962)
Stock repurchase	(14,439)	(316)
Stock awards and options exercised and other changes	(405)	(1,385)
Other	(85)	0
Net cash used in financing activities	(22,869)	(19,803)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(5,026)	(1,249)
Net decrease in cash, cash equivalents and restricted cash	(51,900)	(36,876)
Cash, cash equivalents, and restricted cash at beginning of year	277,716	224,423
Cash, cash equivalents, and restricted cash at end of period	225,816	187,547
Reconciliation of cash, cash equivalents, and restricted cash:
Cash and cash equivalents	225,256	186,950
Restricted cash included in other non-current assets	560	597
Cash, cash equivalents, and restricted cash at end of period	$ 225,816	$ 187,547

Basis of Presentation

Basis of Presentation	3 Months Ended
	Apr. 30, 2022
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, 2022 (the “2022 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, 2022 is derived from the audited annual financial statements, which are included in the Company’s 2022 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	3 Months Ended
	Apr. 30, 2022
Unusual or Infrequent Items, or Both [Abstract]
Impact of the COVID-19 Pandemic	NOTE 2 – IMPACT OF THE COVID-19 PANDEMIC The COVID-19 pandemic and related public health measures materially impacted the Company’s operating results for the fiscal year ended January 31, 2021 and continue to affect how the Company and its customers and suppliers operate their businesses. Various containment and mitigation measures that have at times been imposed by governmental and other authorities around the world have adversely affected sales of our products and our supply chain. Although the COVID-19 pandemic's adverse impact on the Company has significantly diminished in recent quarters, the pandemic is expected to continue to affect the Company’s results of operations for the foreseeable future due to impacts on supply chains, shipping operations, consumer behavior, spending levels, shopping preferences and tourism.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Apr. 30, 2022
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	NOTE 3 – RECENT ACCOUNTING PRONOUNCEMENTS In November 2021, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2021-10, "Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance", which aims to increase the transparency of government assistance and grants. The ASU requires additional annual disclosures pertaining to the types of received government assistance, accounting for the transactions and the related impacts on the reported financial results. This standard is effective for financial statements issued for annual periods beginning after December 15, 2021, but early adoption is permitted. The Company does not expect this standard to have a material impact on the Consolidated Financial Statements or related disclosures. 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	3 Months Ended
	Apr. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share and Cash Dividends	NOTE 4 – EARNINGS PER SHARE AND CASH DIVIDENDS The Company presents net income 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 April 30, 2022 2021 Weighted average common shares outstanding: Basic 22,840 23,320 Effect of dilutive securities: Stock awards and options to purchase shares of 557 421 Diluted 23,397 23,741 For the three months ended April 30, 2022 and 2021, approximately 170,000 and 536,000 , respectively, of potentially dilutive common stock equivalents were excluded from the computation of diluted earnings per share because their effect would have been antidilutive. On March 24, 2022, the Company declared a quarterly cash dividend of $ 0.35 per share payable on April 20, 2022, to shareholders of record on April 6, 2022 . The total dividend of $ 7.9 m illion was paid on April 20, 2022 . O n 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.

Inventories

Inventories	3 Months Ended
	Apr. 30, 2022
Inventory Disclosure [Abstract]
Inventories	NOTE 5 – INVENTORIES Inventories consisted of the following (in thousands): April 30, January 31, April 30, Finished goods $ 146,655 $ 128,119 $ 132,418 Component parts 30,896 29,759 33,292 Work-in-process 2,452 2,405 4,256 $ 180,003 $ 160,283 $ 169,966 The Company has corrected the previously disclosed April 30, 2021 balances of Finished goods and Component parts to increase Finished goods by $ 8.6 million and reduce Component parts by a corresponding amount.

Debt and Lines of Credit

Debt and Lines of Credit	3 Months Ended
	Apr. 30, 2021
Debt Disclosure [Abstract]
Debt and Lines of Credit	NOTE 6 – 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 (as subsequently amended, 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 provides for a $ 100.0 million senior secured revolving credit facility (the “Facility”) and has a maturity date of October 28, 2026 . 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. The Credit Agreement contains affirmative and negative covenants binding on the Company and its subsidiaries that are customary for credit facilities of this type, including, but not limited to, restrictions and limitations on the incurrence of debt and liens, dispositions of assets, capital expenditures, dividends and other payments in respect of equity interests, the making of loans and equity investments, mergers, consolidations, liquidations and dissolutions, and transactions with affiliates (in each case, subject to various exceptions). The borrowings under the Facility are joint and several obligations of the Borrowers and are also cross-guaranteed by each Borrower, except that the Swiss Borrowers are not liable for, nor do they guarantee, the obligations of the U.S. Borrowers. In addition, the Borrowers’ obligations under the Facility are secured by first priority liens, subject to permitted liens, on substantially all of the U.S. Borrowers’ assets other than certain excluded assets. The Swiss Borrowers do not provide collateral to secure the obligations under the Facility. As of April 30, 2022, and April 30, 2021, there was zero and $ 10.0 million ( zero 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 April 30, 2022 and April 30, 2021. At April 30, 2022, the letters of credit have expiration dates through May 31, 2022 . As of April 30, 2022, and April 30, 2021, availability under the Facility was $ 99.7 million and $ 89.7 million, respectively. The Company had weighted average borrowings under the Facility of zero and $ 13.1 million during the three months ended April 30, 2022 and 2021, respectively, with a weighted average interest rate of 3.21 % during the three months ended April 30, 2021. A Swiss subsidiary of the Company maintains unsecured lines of credit with an unspecified maturity with a Swiss bank. As of April 30, 2022, and 2021, these lines of credit totaled 6.5 million Swiss Francs for both periods, with a dollar equivalent of $ 6.7 million and $ 7.1 million, respectively. As of April 30, 2022, and 2021, there were no borrowings against these lines. As of April 30, 2022 and 2021, two European banks had guaranteed obligations to third parties on behalf of two of the Company’s foreign subsidiaries in the dollar equivalent of $ 1.2 million and $ 1.3 million, respectively, 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 $ 0.1 million and $ 0.2 million for the three-month periods ended April 30, 2022 and April 30, 2021, respectively.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Apr. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	NOTE 7 – DERIVATIVE FINANCIAL INSTRUMENTS The Company addresses certain financial exposures that include the use of derivative financial instruments. The Company enters into foreign currency forward contracts to reduce the effects of fluctuating foreign currency exchange rates. As of April 30, 2022, the Company's net forward contracts hedging portfolio designated as qualified cash flow hedging instruments consisted of 38.0 million Euros equivalent with various expiry dates ranging through October 21, 2022 . The net gain or loss on the derivatives is reported as a component of accumulated other comprehensive income/(loss) and reclassified into earnings in the same period during which the hedged transaction affects earnings using the same revenue or expense category that the hedged item impacted. The Company also enters into foreign currency forward contracts not designated as qualified hedges in accordance with ASC 815, Derivatives and Hedging. As of April 30, 2022, the Company’s net forward contracts hedging portfolio not designated as qualified hedges consisted of 9.4 million Chinese Yuan equivalent, 36.0 million Swiss Francs equivalent, 21.9 million US dollars equivalent, 15.2 million Euros equivalent and 1.0 million British Pounds equivalent with various expiry dates ranging through October 20, 2022 . 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, 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 . The following table presents the fair values of the Company's derivative financial instruments included in the consolidated balance sheets as of April 30, 2022, January 31, 2022 and April 30, 2021 (in thousands): Asset Derivatives Liability Derivatives Balance April 30, January 31, April 30, Balance April 30, January 31, April 30, Derivatives designated as hedging instruments: Foreign Exchange Contracts Other Current $ 1,761 $ 154 $ — Accrued $ — $ 30 $ — Total Derivative Instruments $ 1,761 $ 154 $ — $ — $ 30 $ — Asset Derivatives Liability Derivatives Balance April 30, January 31, April 30, Balance April 30, January 31, April 30, Derivatives not designated as hedging instruments: Foreign Exchange Contracts Other Current $ — $ 43 $ 130 Accrued $ 1,327 $ 140 $ 74 Total Derivative Instruments $ — $ 43 $ 130 $ 1,327 $ 140 $ 74 As of April 30, 2022, January 31, 2022 and April 30, 2021, the balance of net deferred gains on derivative financial instruments designated as cash flow hedges included in accumulated other comprehensive income were $ 1.4 million, $ 0.2 million and zero , respectively. For the three months ended April 30, 2022, the Company reclassified $ 0.1 million f rom accumulated other comprehensive income to Net sales in the Consolidated Statements of Operations. For the three months ended April 30, 2021, the Company did no t have any cash flow hedges. No ineffectiveness has been recorded for the three months ended April 30, 2022. See Note 8 - Fair Value Measurements for fair value and presentation in the Consolidated Balance Sheets for derivatives.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Apr. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]
Fair Value Measurements	NOTE 8 – 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 April 30, 2022 and 2021 and January 31, 2022 (in thousands): Fair Value at April 30, 2022 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 242 $ — $ — $ 242 Short-term investment Other current assets 162 — — 162 SERP assets - employer Other non-current assets 802 — — 802 SERP assets - employee Other non-current assets 44,283 — — 44,283 Defined benefit plan assets Other non-current assets — — 26,174 26,174 Hedge derivatives Other current assets — 1,761 — 1,761 Total $ 45,489 $ 1,761 $ 26,174 $ 73,424 Liabilities: SERP liabilities - employee Other non-current liabilities $ 44,283 $ — $ — $ 44,283 Hedge derivatives Accrued liabilities — 1,327 — 1,327 Total $ 44,283 $ 1,327 $ — $ 45,610 Fair Value at January 31, 2022 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 249 $ — $ — $ 249 Short-term investment Other current assets 164 — — 164 SERP assets - employer Other non-current assets 772 — — 772 SERP assets - employee Other non-current assets 47,261 — — 47,261 Defined benefit plan assets Other non-current assets — — 29,096 29,096 Hedge derivatives Other current assets — 197 — 197 Total $ 48,446 $ 197 $ 29,096 $ 77,739 Liabilities: SERP liabilities - employee Other non-current liabilities $ 47,261 $ — $ — $ 47,261 Hedge derivatives Accrued liabilities — 170 — 170 Total $ 47,261 $ 170 $ — $ 47,431 Fair Value at April 30, 2021 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 240 $ — $ — $ 240 Short-term investment Other current assets 169 — — 169 SERP assets - employer Other non-current assets 740 — — 740 SERP assets - employee Other non-current assets 47,346 — — 47,346 Defined benefit plan assets Other non-current liabilities — — 25,723 25,723 Hedge derivatives Other current assets — 130 — 130 Total $ 48,495 $ 130 $ 25,723 $ 74,348 Liabilities: SERP liabilities - employee Other non-current liabilities $ 47,346 $ — $ — $ 47,346 Hedge derivatives Accrued liabilities — 74 — 74 Total $ 47,346 $ 74 $ — $ 47,420 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 consist of cash flow hedging instruments and forward contracts (see Note 7 for further discussion) and 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 April 30, 2021, 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 assets at April 30, 2022 and January 31, 2022 and other non-current liabilities in the consolidated balance sheets at April 30, 2021. There were no transfers between any levels of the fair value hierarchy for any of the Company’s fair value measurements. Investments Without Readily Determinable Fair Values From time to time the Company may make minority investments in growth companies in the consumer products sector and other sectors relevant to its business, including certain of the Company's suppliers and customers, as well as in venture capital funds that invest in companies in media, entertainment, information technology and technology-related fields and in digital assets. During fiscal 2022, the Company invested approximately $ 2.0 million and during the first quarter of fiscal 2023, the Company invested an additiona l $ 1.8 mi llion in venture capital funds (see Note 9 - Commitments and Contingencies for discussion of commitments made related to venture capital funds). The Company will regularly evaluate the carrying value of its investments. There were no adjustments to the original cost value during the three months ended April 30, 2023. Th e carrying value of the investments are recorded in Other non-current assets in the Consolidated Balance Sheets at April 30, 2022 and January 31, 2022.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Apr. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 9 – 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 and jewelry 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. Starting in July 2018, the Trump administration announced a series of lists covering thousands of categories of Chinese origin products subject to potential U.S. special tariffs, including watches. U.S. Customs subsequently issued various rulings regarding, among other things, the application of the special tariffs to China-sourced components of watches containing non-Chinese movements. A U.S. Customs ruling effective August 1, 2021 holds that the special tariff does not apply to China-sourced watch cases that are imported as part of a watch containing a non-Chinese movement. Pending greater clarity on the retroactive effect of this ruling, for the time being the Company continues to maintain an accrual for Chinese watch case imports prior to August 1, 2021. The acquisition of MVMT Watches, Inc in October 2018, included two future contingent payments based on the MVMT brand achieving certain revenue and EBITDA (as defined in the acquisition agreement) targets that combined could total up to $ 100 million. In connection therewith, the Company had recorded a non-current liability of $ 16.5 million as of the date of acquisition to reflect the estimated fair value of the contingent purchase price. $ 14.5 million was allocated to the purchase price and $ 2.0 million to deferred compensation expense based on future employee service requirements. 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 and other sectors relevant to its business, including certain of the Company's suppliers and customers, as well as in venture capital funds that invest in companies in media, entertainment, information technology and technology-related fields and in digital assets. During fiscal 2022, the Company committed to invest up to $ 21.5 million in such investments. The Company funded approximately $ 2.0 million of these commitments in fiscal 2022 and an additional $ 1.8 million during the first quarter of fiscal 2023 and may be called upon to satisfy capital calls in respect of the remaining $ 17.7 mi llion in such commitments at any time during a period generally ending ten years after the first capital call in respect of a given commitment. 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 April 30, 2022, 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	3 Months Ended
	Apr. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 10 – INCOME TAXES The Company recorded an income tax provision of $ 6.0 million and $ 3.3 million for the three months ended April 30, 2022 and 2021, respectively. The effective tax rate was 23.8 % and 25.5 % for the three months ended April 30, 2022 and 2021, respectively. The significant components of the effective tax rate changed primarily due to the release of certain foreign valuation allowances in the current year as compared to the recording of certain foreign valuation allowances in the prior year, partially offset by return to provision adjustments. At April 30, 2022, the Company had no deferred tax liability for the undistributed foreign earnings of approximately $ 197.5 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	3 Months Ended
	Apr. 30, 2022
Equity [Abstract]
Equity	NOTE 11 – EQUITY The components of equity for the three months ended April 30, 2022 and 2021 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, 2022 $ — $ 286 $ 65 $ 222,615 $ 413,587 $ 85,295 $ ( 249,040 ) $ 1,967 $ 474,775 $ 2,311 Net income attributable to Movado 18,513 622 19,135 119 Dividends ($ 0.35 per share) ( 7,940 ) ( 7,940 ) Stock options exercised 1 717 ( 1,123 ) ( 405 ) Stock repurchase ( 14,439 ) ( 14,439 ) Supplemental executive retirement plan 33 33 Stock-based compensation expense 1,343 1,343 Net unrealized loss on investments, net 2 ) ( 5 ) ( 5 ) Net change in effective portion of hedging contracts, net of tax provision of $ 243 1,228 1,228 Amortization of prior service cost, net of 4 14 14 Foreign currency translation ( 11,500 ) ( 21 ) ( 11,521 ) ( 179 ) Balance, April 30, 2022 $ — $ 287 $ 65 $ 224,708 $ 424,160 $ 75,032 $ ( 264,602 ) $ 2,568 $ 462,218 $ 2,251 Preferred Common (1) Class A (2) Capital in of Value Retained Accumulated Treasury Noncontrolling Interest 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 9,409 353 9,762 ( 11 ) Dividends ($ 0.20 per share) ( 4,642 ) ( 4,642 ) Stock options exercised 3 266 ( 1,654 ) ( 1,385 ) Stock repurchase ( 316 ) ( 316 ) Supplemental executive retirement plan 27 27 Stock-based compensation expense 1,554 1,554 Net unrealized gain on investments, net 14 41 41 Amortization of prior service cost, net of 4 14 14 Foreign currency translation ( 3,189 ) 20 ( 3,169 ) ( 29 ) Balance, April 30, 2021 $ — $ 284 $ 65 $ 215,890 $ 346,408 $ 89,406 $ ( 225,276 ) $ 2,443 $ 429,220 $ 2,560 (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.

Treasury Stock

Treasury Stock	3 Months Ended
	Apr. 30, 2022
Equity [Abstract]
Treasury Stock	NOTE 12 – TREASURY STOCK 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 through September 30, 2022, depending on market conditions, share price and other factors. On November 23, 2021, the Board approved a share repurchase program under which the Company is authorized to purchase up to an additional $ 50.0 million of its outstanding common stock through November 23, 2024, depending on market conditions, share price and other factors. Under both current share repurchase programs, the Company is permitted to purchase shares of its common stock from time to time through open market purchases, repurchase plans, block trades or otherwise. During the three months ended April 30, 2022, the Company repurchased a total of 378,380 shares of its common stock under the March 25, 2021 share repurchase program and November 23, 2021 share repurchase program at a total cost of $ 14.4 million, or an average of $ 38.16 per share. During the three months ended April 30, 2021, the Company repurchased a total of 11,235 shares of its common stock under the March 25, 2021 share repurchase program at a total cost of $ 0.3 million, or an average of $ 28.11 per share. At April 30, 2022, zero remains available for purchase under the Company’s March 25, 2021 repurchase program and $ 38.0 million remains available for purchase under the Company's November 23, 2021 repurchase program. There were 28,405 and 54,720 shares of common stock repurchased during the three months ended April 30, 2022 and 2021, 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	3 Months Ended
	Apr. 30, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income	NOTE 13 – ACCUMULATED OTHER COMPREHENSIVE INCOME The accumulated balances at April 30, 2022 and 2021, and January 31, 2022, related to each component of accumulated other comprehensive income (loss) are as follows (in thousands): April 30, January 31, April 30, Foreign currency translation adjustments $ 73,225 $ 84,725 $ 89,977 Available-for-sale securities 167 172 165 Hedging contracts 1,422 194 — Unrecognized prior service cost related to defined benefit pension plan ( 273 ) ( 287 ) ( 330 ) Net actuarial gain/(loss) related to defined benefit pension plan 491 491 ( 406 ) Total accumulated other comprehensive income $ 75,032 $ 85,295 $ 89,406 Amounts reclassified from accumulated other comprehensive income (loss) to operating income in the Consolidated Statements of Operations during the three months ended April 30, 2022 and April 30, 2021 were $ 0.1 million and zero , respectively.

Revenue

Revenue	3 Months Ended
	Apr. 30, 2022
Revenue from Contract with Customer [Abstract]
Revenue	NOTE 14 – 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 Customer Type 2022 2021 Wholesale $ 128,617 $ 99,403 Direct to consumer 33,748 34,686 After-sales service 1,059 709 Net Sales $ 163,424 $ 134,798 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 16 – 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 16 – 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 and 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. 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 16 – 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’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	3 Months Ended
	Apr. 30, 2022
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	NOTE 15 – 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, 2022 and April 30, 2021. Three Months Ended April 30, 2022 Three Months Ended April 30, 2021 Expected volatility 51.66 % 51.61 % Expected life in years 6.0 6.0 Risk-free interest rates 2.57 % 0.89 % Dividend rate 3.00 % 2.90 % Weighted average fair value per option at date of grant $ 14.81 $ 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 April 30, 2022 and 2021 was $ 0.4 m illion and $ 0.3 million, respectively. As of April 30, 2022, there was $ 4.4 million of unrecognized compensation cost related to unvested stock options. These costs are expected to be recognized over a weighted-average period of 2.3 years. Total cash consideration received for stock option exercises during the three months ended April 30, 2022 and 2021 was $ 0.7 million and $ 0.3 million, respectively. The following table summarizes the Company’s stock options activity during the first quarter of fiscal 2023: Outstanding Weighted Option Weighted Aggregate Options outstanding at January 31, 242,959 options exercisable) 982,834 $ 21.69 $ 12.42 -$ 42.12 7.5 $ 15,441 Granted 162,053 $ 38.04 $ 38.04 Exercised ( 26,228 ) $ 27.41 $ 23.35 -$ 30.36 Cancelled — Options outstanding at April 30, 2022 1,118,659 $ 23.93 $ 12.42 -$ 42.12 7.7 $ 14,207 Exercisable at April 30, 2022 216,731 $ 31.55 3.2 $ 1,355 Expected to vest at April 30, 2022 839,653 $ 21.67 8.8 $ 12,288 The fair value of stock options exercised during the first quarter of fiscal 2023 was $ 0.3 million and the intrinsic value was $ 0.3 million. Stock Awards: Under the Plan, the Company can also grant stock awards to employees and directors. For the three months ended April 30, 2022 and 2021, compensation expense for stock awards was $ 0.9 million and $ 1.3 million, respectively. As of April 30, 2022, there was $ 5.9 million of unrecognized compensation cost related to unvested stock awards. These costs are expected to be recognized over a weighted-average period of 2.3 years. The following table summarizes the Company’s stock awards activity during the first quarter of fiscal 2023: Number of Weighted- Weighted- Aggregate Units outstanding at January 31, 2022 296,283 $ 26.39 Units granted 112,767 $ 38.04 Units vested ( 111,584 ) $ 31.84 Units forfeited - $ - Units outstanding at April 30, 2022 297,466 $ 28.76 2.5 $ 10,700 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. The number of shares issued related to the performance-based stock awards historically awarded by the Company have typically varied from 0 % to 150 % of the target number of underlying stock award units, depending on the extent of the achievement of predetermined financial goals. There were 28,405 and 54,720 shares of common stock of the Company tendered by the employee for the payment of the employee's withholding tax obligation totaling $ 1.1 million and $ 1.7 million for the three months ended April 30, 2022 and 2021, respectively. The total fair value of stock award units that vested during the first three months of fiscal 2023 was $ 3.6 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	3 Months Ended
	Apr. 30, 2022
Segment Reporting [Abstract]
Segment and Geographic Information	NOTE 16 – 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, the Americas (excluding the United States) and Asia accounted for 34.0 %, 10.1 %, 8.4 % and 4.5 %, respectively, of the Company’s total net sales for the three months ended April 30, 2022. For the three months ended April 30, 2021, the Company’s International operations in Europe, the Middle East, the Americas (excluding the United States) and Asia accounted for 28.9 %, 8.5 %, 8.5 % and 5.2 %, respectively, of the Company’s total net sales. Operating Segment Data as of and for the Three Months Ended April 30, 2022 and 2021 (in thousands): Net Sales 2022 2021 Watch and Accessory Brands: Owned brands category $ 53,170 $ 48,371 Licensed brands category 88,840 67,626 After-sales service and all other 1,358 282 Total Watch and Accessory Brands 143,368 116,279 Company Stores 20,056 18,519 Consolidated total $ 163,424 $ 134,798 Operating Income (3) 2022 2021 Watch and Accessory Brands $ 21,547 $ 8,785 Company Stores 3,747 4,471 Consolidated total $ 25,294 $ 13,256 Total Assets April 30, January 31, April 30, Watch and Accessory Brands $ 670,531 $ 701,986 $ 636,755 Company Stores 69,453 59,174 57,951 Consolidated total $ 739,984 $ 761,160 $ 694,706 Geographic Location Data as of and for the Three Months Ended April 30, 2022 and 2021 (in thousands): Net Sales Operating Income (3) 2022 2021 2022 2021 United States (1) $ 70,223 $ 65,893 $ 548 $ 759 International (2) 93,201 68,905 24,746 12,497 Consolidated total $ 163,424 $ 134,798 $ 25,294 $ 13,256 United States and International net sales are net of intercompany sales of $ 96.2 million and $ 69.7 million for the three months ended April 30, 2022 and 2021, respectively. (1) The United States operating income included $ 13.5 million and $ 8.9 million of unallocated corporate expenses for the three months ended April 30, 2022 and 2021, respectively. (2) The International operating income included $ 19.1 million and $ 13.9 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended April 30, 2022 and 2021, respectively. (3) For both the three months ended April 30, 2022 and 2021, in the United States locations of the Watch and Accessory Brands segment, operating income included a charge of $ 0.1 million of expenses related to the amortization of intangible assets and deferred compensation associated with the MVMT brand. In addition, in the International locations of the Watch and Accessory Brands segment for both the three months ended April 30, 2022 and 2021, operating income included a charge of $ 0.7 million of expenses related to the amortization of acquired intangible assets as a result of the Company’s acquisition of the Olivia Burton brand. Total Assets April 30, January 31, April 30, United States $ 314,738 $ 352,806 $ 345,094 International 425,246 408,354 349,612 Consolidated total $ 739,984 $ 761,160 $ 694,706 Property, Plant and Equipment, Net April 30, January 31, April 30, United States $ 12,876 $ 13,246 $ 13,778 International 5,558 6,224 6,821 Consolidated total $ 18,434 $ 19,470 $ 20,599

Earnings Per Share and Cash D_2

Earnings Per Share and Cash Dividends (Tables)	3 Months Ended
	Apr. 30, 2022
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 April 30, 2022 2021 Weighted average common shares outstanding: Basic 22,840 23,320 Effect of dilutive securities: Stock awards and options to purchase shares of 557 421 Diluted 23,397 23,741

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Apr. 30, 2022
Inventory Disclosure [Abstract]
Components of Inventories	Inventories consisted of the following (in thousands): April 30, January 31, April 30, Finished goods $ 146,655 $ 128,119 $ 132,418 Component parts 30,896 29,759 33,292 Work-in-process 2,452 2,405 4,256 $ 180,003 $ 160,283 $ 169,966

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
	Apr. 30, 2022
Derivative Instrument Detail [Abstract]
Schedule of Derivative Financial Instruments Included in Consolidated Balance Sheets	The following table presents the fair values of the Company's derivative financial instruments included in the consolidated balance sheets as of April 30, 2022, January 31, 2022 and April 30, 2021 (in thousands): Asset Derivatives Liability Derivatives Balance April 30, January 31, April 30, Balance April 30, January 31, April 30, Derivatives designated as hedging instruments: Foreign Exchange Contracts Other Current $ 1,761 $ 154 $ — Accrued $ — $ 30 $ — Total Derivative Instruments $ 1,761 $ 154 $ — $ — $ 30 $ — Asset Derivatives Liability Derivatives Balance April 30, January 31, April 30, Balance April 30, January 31, April 30, Derivatives not designated as hedging instruments: Foreign Exchange Contracts Other Current $ — $ 43 $ 130 Accrued $ 1,327 $ 140 $ 74 Total Derivative Instruments $ — $ 43 $ 130 $ 1,327 $ 140 $ 74

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Apr. 30, 2022
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 April 30, 2022 and 2021 and January 31, 2022 (in thousands): Fair Value at April 30, 2022 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 242 $ — $ — $ 242 Short-term investment Other current assets 162 — — 162 SERP assets - employer Other non-current assets 802 — — 802 SERP assets - employee Other non-current assets 44,283 — — 44,283 Defined benefit plan assets Other non-current assets — — 26,174 26,174 Hedge derivatives Other current assets — 1,761 — 1,761 Total $ 45,489 $ 1,761 $ 26,174 $ 73,424 Liabilities: SERP liabilities - employee Other non-current liabilities $ 44,283 $ — $ — $ 44,283 Hedge derivatives Accrued liabilities — 1,327 — 1,327 Total $ 44,283 $ 1,327 $ — $ 45,610 Fair Value at January 31, 2022 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 249 $ — $ — $ 249 Short-term investment Other current assets 164 — — 164 SERP assets - employer Other non-current assets 772 — — 772 SERP assets - employee Other non-current assets 47,261 — — 47,261 Defined benefit plan assets Other non-current assets — — 29,096 29,096 Hedge derivatives Other current assets — 197 — 197 Total $ 48,446 $ 197 $ 29,096 $ 77,739 Liabilities: SERP liabilities - employee Other non-current liabilities $ 47,261 $ — $ — $ 47,261 Hedge derivatives Accrued liabilities — 170 — 170 Total $ 47,261 $ 170 $ — $ 47,431 Fair Value at April 30, 2021 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 240 $ — $ — $ 240 Short-term investment Other current assets 169 — — 169 SERP assets - employer Other non-current assets 740 — — 740 SERP assets - employee Other non-current assets 47,346 — — 47,346 Defined benefit plan assets Other non-current liabilities — — 25,723 25,723 Hedge derivatives Other current assets — 130 — 130 Total $ 48,495 $ 130 $ 25,723 $ 74,348 Liabilities: SERP liabilities - employee Other non-current liabilities $ 47,346 $ — $ — $ 47,346 Hedge derivatives Accrued liabilities — 74 — 74 Total $ 47,346 $ 74 $ — $ 47,420

Equity (Tables)

Equity (Tables)	3 Months Ended
	Apr. 30, 2022
Equity [Abstract]
Components of Equity	The components of equity for the three months ended April 30, 2022 and 2021 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, 2022 $ — $ 286 $ 65 $ 222,615 $ 413,587 $ 85,295 $ ( 249,040 ) $ 1,967 $ 474,775 $ 2,311 Net income attributable to Movado 18,513 622 19,135 119 Dividends ($ 0.35 per share) ( 7,940 ) ( 7,940 ) Stock options exercised 1 717 ( 1,123 ) ( 405 ) Stock repurchase ( 14,439 ) ( 14,439 ) Supplemental executive retirement plan 33 33 Stock-based compensation expense 1,343 1,343 Net unrealized loss on investments, net 2 ) ( 5 ) ( 5 ) Net change in effective portion of hedging contracts, net of tax provision of $ 243 1,228 1,228 Amortization of prior service cost, net of 4 14 14 Foreign currency translation ( 11,500 ) ( 21 ) ( 11,521 ) ( 179 ) Balance, April 30, 2022 $ — $ 287 $ 65 $ 224,708 $ 424,160 $ 75,032 $ ( 264,602 ) $ 2,568 $ 462,218 $ 2,251 Preferred Common (1) Class A (2) Capital in of Value Retained Accumulated Treasury Noncontrolling Interest 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 9,409 353 9,762 ( 11 ) Dividends ($ 0.20 per share) ( 4,642 ) ( 4,642 ) Stock options exercised 3 266 ( 1,654 ) ( 1,385 ) Stock repurchase ( 316 ) ( 316 ) Supplemental executive retirement plan 27 27 Stock-based compensation expense 1,554 1,554 Net unrealized gain on investments, net 14 41 41 Amortization of prior service cost, net of 4 14 14 Foreign currency translation ( 3,189 ) 20 ( 3,169 ) ( 29 ) Balance, April 30, 2021 $ — $ 284 $ 65 $ 215,890 $ 346,408 $ 89,406 $ ( 225,276 ) $ 2,443 $ 429,220 $ 2,560 (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.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Apr. 30, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Component of Accumulated Other Comprehensive Income (Loss)	The accumulated balances at April 30, 2022 and 2021, and January 31, 2022, related to each component of accumulated other comprehensive income (loss) are as follows (in thousands): April 30, January 31, April 30, Foreign currency translation adjustments $ 73,225 $ 84,725 $ 89,977 Available-for-sale securities 167 172 165 Hedging contracts 1,422 194 — Unrecognized prior service cost related to defined benefit pension plan ( 273 ) ( 287 ) ( 330 ) Net actuarial gain/(loss) related to defined benefit pension plan 491 491 ( 406 ) Total accumulated other comprehensive income $ 75,032 $ 85,295 $ 89,406

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Apr. 30, 2022
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 Customer Type 2022 2021 Wholesale $ 128,617 $ 99,403 Direct to consumer 33,748 34,686 After-sales service 1,059 709 Net Sales $ 163,424 $ 134,798

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Apr. 30, 2022
Share-based Payment Arrangement [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, 2022 and April 30, 2021. Three Months Ended April 30, 2022 Three Months Ended April 30, 2021 Expected volatility 51.66 % 51.61 % Expected life in years 6.0 6.0 Risk-free interest rates 2.57 % 0.89 % Dividend rate 3.00 % 2.90 % Weighted average fair value per option at date of grant $ 14.81 $ 10.23
Schedule of Stock Options Activity	The following table summarizes the Company’s stock options activity during the first quarter of fiscal 2023: Outstanding Weighted Option Weighted Aggregate Options outstanding at January 31, 242,959 options exercisable) 982,834 $ 21.69 $ 12.42 -$ 42.12 7.5 $ 15,441 Granted 162,053 $ 38.04 $ 38.04 Exercised ( 26,228 ) $ 27.41 $ 23.35 -$ 30.36 Cancelled — Options outstanding at April 30, 2022 1,118,659 $ 23.93 $ 12.42 -$ 42.12 7.7 $ 14,207 Exercisable at April 30, 2022 216,731 $ 31.55 3.2 $ 1,355 Expected to vest at April 30, 2022 839,653 $ 21.67 8.8 $ 12,288
Summary of Stock Awards Activity	The following table summarizes the Company’s stock awards activity during the first quarter of fiscal 2023: Number of Weighted- Weighted- Aggregate Units outstanding at January 31, 2022 296,283 $ 26.39 Units granted 112,767 $ 38.04 Units vested ( 111,584 ) $ 31.84 Units forfeited - $ - Units outstanding at April 30, 2022 297,466 $ 28.76 2.5 $ 10,700

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	3 Months Ended
	Apr. 30, 2022
Segment Reporting [Abstract]
Operating Segment Data	Operating Segment Data as of and for the Three Months Ended April 30, 2022 and 2021 (in thousands): Net Sales 2022 2021 Watch and Accessory Brands: Owned brands category $ 53,170 $ 48,371 Licensed brands category 88,840 67,626 After-sales service and all other 1,358 282 Total Watch and Accessory Brands 143,368 116,279 Company Stores 20,056 18,519 Consolidated total $ 163,424 $ 134,798 Operating Income (3) 2022 2021 Watch and Accessory Brands $ 21,547 $ 8,785 Company Stores 3,747 4,471 Consolidated total $ 25,294 $ 13,256 Total Assets April 30, January 31, April 30, Watch and Accessory Brands $ 670,531 $ 701,986 $ 636,755 Company Stores 69,453 59,174 57,951 Consolidated total $ 739,984 $ 761,160 $ 694,706
Geographic Segment Data	Geographic Location Data as of and for the Three Months Ended April 30, 2022 and 2021 (in thousands): Net Sales Operating Income (3) 2022 2021 2022 2021 United States (1) $ 70,223 $ 65,893 $ 548 $ 759 International (2) 93,201 68,905 24,746 12,497 Consolidated total $ 163,424 $ 134,798 $ 25,294 $ 13,256 United States and International net sales are net of intercompany sales of $ 96.2 million and $ 69.7 million for the three months ended April 30, 2022 and 2021, respectively. (1) The United States operating income included $ 13.5 million and $ 8.9 million of unallocated corporate expenses for the three months ended April 30, 2022 and 2021, respectively. (2) The International operating income included $ 19.1 million and $ 13.9 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended April 30, 2022 and 2021, respectively. (3) For both the three months ended April 30, 2022 and 2021, in the United States locations of the Watch and Accessory Brands segment, operating income included a charge of $ 0.1 million of expenses related to the amortization of intangible assets and deferred compensation associated with the MVMT brand. In addition, in the International locations of the Watch and Accessory Brands segment for both the three months ended April 30, 2022 and 2021, operating income included a charge of $ 0.7 million of expenses related to the amortization of acquired intangible assets as a result of the Company’s acquisition of the Olivia Burton brand. Total Assets April 30, January 31, April 30, United States $ 314,738 $ 352,806 $ 345,094 International 425,246 408,354 349,612 Consolidated total $ 739,984 $ 761,160 $ 694,706 Property, Plant and Equipment, Net April 30, January 31, April 30, United States $ 12,876 $ 13,246 $ 13,778 International 5,558 6,224 6,821 Consolidated total $ 18,434 $ 19,470 $ 20,599

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
	Apr. 30, 2022	Apr. 30, 2021
Weighted average common shares outstanding:
Basic	22,840	23,320
Effect of dilutive securities:
Stock awards and options to purchase shares of common stock	557	421
Diluted	23,397	23,741

Earnings Per Share and Cash D_4

Earnings Per Share and Cash Dividends - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	Mar. 24, 2022	Mar. 25, 2021	Feb. 05, 2021	Apr. 30, 2022	Apr. 30, 2021
Earnings Per Share Diluted [Line Items]
Dilutive common stock equivalents were excluded from the computation of diluted earnings per share				170,000	536,000
Cash dividend declared and payable	$ 0.35	$ 0.20		$ 0.35	$ 0.20
Dividend paid			$ 2,300	$ 7,940	$ 4,642
Dividend payable date				Apr. 20, 2022	Apr. 21, 2021
Cash dividend paid per share			$ 0.10
Dividend payable, record date	Apr. 6, 2022	Apr. 7, 2021	Jan. 21, 2021

Inventories - Components of Inv

Inventories - Components of Inventories (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022	Apr. 30, 2021
Inventory, Net [Abstract]
Finished goods	$ 146,655	$ 128,119	$ 132,418
Component parts	30,896	29,759	33,292
Work-in-process	2,452	2,405	4,256
Inventories	$ 180,003	$ 160,283	$ 169,966

Inventories - Additional Inform

Inventories - Additional Information (Details) $ in Millions	3 Months Ended
	Apr. 30, 2022USD ($)
Inventory, Net [Abstract]
Increase in finished goods and corresponding reduction in component parts	$ 8.6

Debt and Lines of Credit - Addi

Debt and Lines of Credit - Additional Information (Details)	Oct. 12, 2018USD ($)	Apr. 30, 2022USD ($)SubsidiaryBank	Apr. 30, 2021USD ($)SubsidiaryBank	Apr. 30, 2022CHF (SFr)SubsidiaryBank	Jan. 31, 2022USD ($)	Apr. 30, 2021CHF (SFr)BankSubsidiary
Debt Instrument [Line Items]
Cash paid for interest		$ 100,000	$ 200,000
Cash and cash equivalents		225,256,000	186,950,000		$ 277,128,000
Unsecured Debt | Swiss subsidiary
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		6,700,000	7,100,000	SFr 6,500,000		SFr 6,500,000
Outstanding borrowing amount		0	0
Revolving Credit Facility | Secured Debt | Credit Agreement Due on October 28, 2026
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. 28, 2026
Loan drawn under the facility		0	10,000,000			SFr 0
Line of credit facility remaining borrowing capacity		99,700,000	89,700,000
Weighted average borrowings amount		$ 0	$ 13,100,000
Weighted average interest rate			3.21%
Letter of Credit
Debt Instrument [Line Items]
Credit facility matures date		May 31, 2022
Outstanding borrowing amount		$ 300,000	$ 300,000
Letter of Credit | Secured Debt | Credit Agreement Due on October 28, 2026
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
Number of foreign subsidiaries under guaranteed obligation | Subsidiary		2	2	2		2
Guaranteed obligations to third parties		$ 1,200,000	$ 1,300,000
Restricted deposit relates to lease agreement		$ 600,000	$ 600,000
Swingline | Secured Debt | Credit Agreement Due on October 28, 2026
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	25,000,000
Swiss Borrowers | Secured Debt | Credit Agreement Due on October 28, 2026
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 75,000,000

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Details) € in Millions, ¥ in Millions, £ in Millions, SFr in Millions	3 Months Ended		12 Months Ended
	Apr. 30, 2022USD ($)	Apr. 30, 2021USD ($)	Jan. 31, 2022USD ($)	Apr. 30, 2022EUR (€)	Apr. 30, 2022CNY (¥)	Apr. 30, 2022CHF (SFr)	Apr. 30, 2022GBP (£)
Derivatives Fair Value [Line Items]
Derivative financial instruments designated as cash flow hedges included in accumulated other comprehensive income	$ 1,367,000	$ 0	$ 200,000
Reclassify amounts from accumulated other comprehensive income to net sales	100,000
Cash flow hedges		$ 0
Cash flow hedge ineffectiveness	0
Derivatives Designated As Hedging Instruments | Foreign Exchange Forward
Derivatives Fair Value [Line Items]
Net forward contracts hedging portfolio | €				€ 38
Derivatives Not Designated as Hedging Instrument | Foreign Exchange Forward
Derivatives Fair Value [Line Items]
Net forward contracts hedging portfolio	$ 21,900,000			€ 15.2	¥ 9.4	SFr 36	£ 1
Maximum | Derivatives Designated As Hedging Instruments
Derivatives Fair Value [Line Items]
Expiry dates ranging	Oct. 21, 2022
Maximum | Derivatives Not Designated as Hedging Instrument | Foreign Exchange Forward
Derivatives Fair Value [Line Items]
Expiry dates ranging	Oct. 20, 2022

Derivative Financial Instrume_4

Derivative Financial Instruments - Schedule of Derivative Financial Instruments Included in Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022	Apr. 30, 2021
Derivatives Designated As Hedging Instruments
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair Value	$ 1,761	$ 154
Liability Derivatives, Fair Value		30
Derivatives Designated As Hedging Instruments | Other Current Assets | Foreign Exchange Contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair Value	1,761	154
Derivatives Designated As Hedging Instruments | Accrued Liabilities | Foreign Exchange Contracts
Derivatives, Fair Value [Line Items]
Liability Derivatives, Fair Value		30
Derivatives Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair Value		43	$ 130
Liability Derivatives, Fair Value	1,327	140	74
Derivatives Not Designated as Hedging Instrument | Other Current Assets | Foreign Exchange Contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair Value		43	130
Derivatives Not Designated as Hedging Instrument | Accrued Liabilities | Foreign Exchange Contracts
Derivatives, Fair Value [Line Items]
Liability Derivatives, Fair Value	$ 1,327	$ 140	$ 74

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	Apr. 30, 2022	Jan. 31, 2022	Apr. 30, 2021
Assets:
Total assets measured at fair value	$ 73,424	$ 77,739	$ 74,348
Liabilities:
Total liabilities measured at fair value	45,610	47,431	47,420
Level 1
Assets:
Total assets measured at fair value	45,489	48,446	48,495
Liabilities:
Total liabilities measured at fair value	44,283	47,261	47,346
Level 2
Assets:
Total assets measured at fair value	1,761	197	130
Liabilities:
Total liabilities measured at fair value	1,327	170	74
Level 3
Assets:
Total assets measured at fair value	26,174	29,096	25,723
Liabilities:
Total liabilities measured at fair value	0	0	0
Other Current Assets | Available-for-sale securities
Assets:
Total assets measured at fair value	242	249	240
Other Current Assets | Short-term investment
Assets:
Total assets measured at fair value	162	164	169
Other Current Assets | Hedge derivatives-Assets
Assets:
Total assets measured at fair value	1,761	197	130
Other Current Assets | Level 1 | Available-for-sale securities
Assets:
Total assets measured at fair value	242	249	240
Other Current Assets | Level 1 | Short-term investment
Assets:
Total assets measured at fair value	162	164	169
Other Current Assets | Level 1 | Hedge derivatives-Assets
Assets:
Total assets measured at fair value	0	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	1,761	197	130
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	0
Other Non-current Assets | SERP assets - employer
Assets:
Total assets measured at fair value	802	772	740
Other Non-current Assets | SERP assets - employee
Assets:
Total assets measured at fair value	44,283	47,261	47,346
Other Non-current Assets | Defined Benefit Plan Assets
Assets:
Total assets measured at fair value	26,174
Other Non-current Assets | Level 1 | SERP assets - employer
Assets:
Total assets measured at fair value	802	772	740
Other Non-current Assets | Level 1 | SERP assets - employee
Assets:
Total assets measured at fair value	44,283	47,261	47,346
Other Non-current Assets | Level 1 | Defined Benefit Plan Assets
Assets:
Total assets measured at fair value	0	0
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 2 | Defined Benefit Plan Assets
Assets:
Total assets measured at fair value	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 Assets | Level 3 | Defined Benefit Plan Assets
Assets:
Total assets measured at fair value	26,174	29,096
Other non-current liabilities | SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	44,283	47,261	47,346
Other non-current liabilities | Defined Benefit Plan Assets
Assets:
Total assets measured at fair value		29,096	25,723
Other non-current liabilities | Level 1 | SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	44,283	47,261	47,346
Other non-current liabilities | Level 1 | Defined Benefit Plan Assets
Assets:
Total assets measured at fair value			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
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			25,723
Accrued Liabilities | Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	1,327	170	74
Accrued Liabilities | Level 1 | Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	0	0	0
Accrued Liabilities | Level 2 | Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	1,327	170	74
Accrued Liabilities | Level 3 | Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	$ 0	$ 0	$ 0

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($)	3 Months Ended	12 Months Ended
	Apr. 30, 2022	Jan. 31, 2022
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
Investment in venture capital funds	$ 1,800,000	$ 2,000,000
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) $ in Thousands	Oct. 01, 2018USD ($)ContingentPayment	Dec. 31, 2016USD ($)	Apr. 30, 2022USD ($)	Jan. 31, 2022USD ($)	Jan. 31, 2020USD ($)
Loss Contingencies [Line Items]
Underpaid duty charges due to alternative duty methodology		$ 5,100
Underpaid duty methodology period covered by statute of limitation		5 years
Commitment funded amount			$ 1,800	$ 2,000
Called upon satisfy capital calls in respect of commitment			$ 17,700
Maximum
Loss Contingencies [Line Items]
Committed investments in venture capital fund				$ 21,500
MVMT Watches, Inc.
Loss Contingencies [Line Items]
Business acquisition, number of future contingent payments | ContingentPayment	2
Business acquisition, liability					$ 0
Business acquisition, non-current liability	$ 16,500
Business acquisition, non-current liability allocated to purchase price	14,500
Business combination, non-current liability allocated to deferred compensation expense	2,000
MVMT Watches, Inc. | Maximum
Loss Contingencies [Line Items]
Business acquisition, additional purchase price future contingent payments before tax benefits	$ 100,000

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Income Tax Contingency [Line Items]
Income tax provision (benefit)	$ 6,011,000	$ 3,330,000
Effective tax rate for continuing operations	23.80%	25.50%
Deferred tax liability, undistributed foreign earnings	$ 0
Undistributed foreign earnings	$ 197,500,000

Equity - Components of Equity (

Equity - Components of Equity (Details) - USD ($) $ in Thousands		Feb. 05, 2021	Apr. 30, 2022	Apr. 30, 2021
Beginning Balance			$ 474,775	$ 427,334
Beginning Balance			2,311
Net income/(loss) attributable to Movado Group, Inc.			19,135	9,762
Dividends		$ (2,300)	(7,940)	(4,642)
Stock options exercised			(405)	(1,385)
Stock repurchase			(14,439)	(316)
Supplemental executive retirement plan			33	27
Stock-based compensation expense			1,343	1,554
Net unrealized (loss) gain on investments, net of tax (benefit) provision			(5)	41
Net change in effective portion of hedging contracts, net of tax provision			1,228
Amortization of prior service cost, net of tax provision			14	14
Foreign currency translation adjustment	[1]		(11,521)	(3,169)
Ending Balance			462,218	429,220
Ending Balance			2,251	2,560
Common Stock | Common Stock Class Undefined
Beginning Balance	[2]		286	281
Stock options exercised	[2]		1	3
Ending Balance	[2]		287	284
Common Stock | Class A Common Stock
Beginning Balance	[3]		65	65
Ending Balance	[3]		65	65
Capital in Excess of Par Value
Beginning Balance			222,615	214,043
Stock options exercised			717	266
Supplemental executive retirement plan			33	27
Stock-based compensation expense			1,343	1,554
Ending Balance			224,708	215,890
Retained Earnings
Beginning Balance			413,587	341,641
Net income/(loss) attributable to Movado Group, Inc.			18,513	9,409
Dividends			(7,940)	(4,642)
Ending Balance			424,160	346,408
Accumulated Other Comprehensive Income
Beginning Balance			85,295	92,540
Net unrealized (loss) gain on investments, net of tax (benefit) provision			(5)	41
Net change in effective portion of hedging contracts, net of tax provision			1,228
Amortization of prior service cost, net of tax provision			14	14
Foreign currency translation adjustment	[1]		(11,500)	(3,189)
Ending Balance			75,032	89,406
Treasury Stock
Beginning Balance			(249,040)	(223,306)
Stock options exercised			(1,123)	(1,654)
Stock repurchase			(14,439)	(316)
Ending Balance			(264,602)	(225,276)
Noncontrolling Interest
Beginning Balance			1,967	2,070
Net income/(loss) attributable to Movado Group, Inc.			622	353
Foreign currency translation adjustment	[1]		(21)	20
Ending Balance			2,568	2,443
Redeemable Noncontrolling Interest
Beginning Balance			2,311	2,600
Net income/(loss) attributable to Movado Group, Inc.			119	(11)
Foreign currency translation adjustment	[1]		(179)	(29)
Ending Balance			$ 2,251	$ 2,560
[1]	The currency translation adjustment is not adjusted for income taxes to the extent that it relates to permanent investments of earnings in international subsidiaries.
[2]	Each share of common stock is entitled to one vote per share on all matters submitted to a vote of the shareholders.
[3]	Each share of class A common stock is entitled to 10 votes per share on all matters submitted to a vote of the shareholders. Each holder of class A common stock is entitled to convert, at any time, any and all of such shares into the same number of shares of common stock. Each share of class A common stock is converted automatically into common stock in the event that the beneficial or record ownership of such shares of class A common stock is transferred to any person, except to certain family members or affiliated persons deemed “permitted transferees” pursuant to the Company’s Restated Certificate of Incorporation, as amended. The class A common stock is not publicly traded, and consequently, there is currently no established public trading market for these shares.

Equity - Components of Equity_2

Equity - Components of Equity (Parenthetical) (Details) - USD ($) $ / shares in Units, $ in Thousands	Mar. 24, 2022	Mar. 25, 2021	Apr. 30, 2022	Apr. 30, 2021
Dividends per share	$ 0.35	$ 0.20	$ 0.35	$ 0.20
Net unrealized (loss) gain on investments, tax (benefit) provision			$ (2)	$ 14
Net change in effective portion of hedging contracts, tax provision			243
Amortization of prior service cost, tax provision			4	4
Stock-based compensation expense			$ 1,343	$ 1,554
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.

Treasury Stock - Additional Inf

Treasury Stock - Additional Information (Details) - USD ($)	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021	Nov. 23, 2021	Mar. 25, 2021
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, total cost of shares repurchased	$ 14,439,000	$ 316,000
Surrender of Shares by Employee
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares repurchased	28,405	54,720
March 25, 2021 Share Repurchase Program
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		$ 300,000
Stock repurchase program, number of shares repurchased		11,235
Stock repurchase program, average per share price of shares repurchased		$ 28.11
Stock repurchase program, remaining authorized repurchase amount	$ 0
November 23, 2021 Share repurchase Program
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares authorized			$ 50,000,000
Stock repurchase program, remaining authorized repurchase amount			$ 38,000,000
March 25, 2021 and November 23, 2021 Share Repurchase Program
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, total cost of shares repurchased	$ 14,400,000
Stock repurchase program, number of shares repurchased	378,380
Stock repurchase program, average per share price of shares repurchased	$ 38.16

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income - Component of Accumulated Other Comprehensive Income (loss) (Details) - USD ($) $ in Thousands	Apr. 30, 2022	Jan. 31, 2022	Apr. 30, 2021
Accumulated Other Comprehensive Income Loss [Line Items]
Foreign currency translation adjustments	$ 73,225	$ 84,725	$ 89,977
Available-for-sale securities	167	172	165
Hedging contracts	1,422	194	0
Total accumulated other comprehensive income	75,032	85,295	89,406
Unrecognized Prior Service Cost
Accumulated Other Comprehensive Income Loss [Line Items]
Defined benefit pension plan	(273)	(287)	(330)
Net Actuarial Gain (Loss)
Accumulated Other Comprehensive Income Loss [Line Items]
Defined benefit pension plan	$ 491	$ 491	$ (406)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income - Additional Information (Details) - USD ($)	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Amount reclassified from accumulated other comprehensive income (loss)	$ 100,000	$ 0

Revenue - Summary of Net Sales

Revenue - Summary of Net Sales Disaggregated by Customer Type (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Disaggregation Of Revenue [Line Items]
Net sales	$ 163,424	$ 134,798
Wholesale
Disaggregation Of Revenue [Line Items]
Net sales	128,617	99,403
Direct to consumer
Disaggregation Of Revenue [Line Items]
Net sales	33,748	34,686
After-sales service
Disaggregation Of Revenue [Line Items]
Net sales	$ 1,059	$ 709

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($) $ in Millions	Apr. 04, 2013	Apr. 30, 2022	Apr. 30, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense		$ 0.4	$ 0.3
Unrecognized compensation cost related to unvested stock options		$ 4.4
Weighted-average period		2 years 3 months 18 days
Cash received for stock option exercises		$ 0.7	$ 0.3
Fair value of stock options exercised		0.3
Intrinsic value of stock options exercised		$ 0.3
Common stock tendered by employee for withholding tax obligation		28,405	54,720
Employee's withholding tax obligation		$ 1.1	$ 1.7
Stock Award Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense		$ 0.9	$ 1.3
Weighted-average period		2 years 3 months 18 days
Unrecognized compensation cost		$ 5.9
Fair value of stock award units vested		$ 3.6
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) - $ / shares	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
Share-based Payment Arrangement [Abstract]
Expected volatility	51.66%	51.61%
Expected life in years	6 years	6 years
Risk-free interest rates	2.57%	0.89%
Dividend rate	3.00%	2.90%
Weighted average fair value per option at date of grant	$ 14.81	$ 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	12 Months Ended
	Apr. 30, 2022	Jan. 31, 2022
Schedule of stock options activity
Outstanding Option Beginning Balance	982,834
Granted	162,053
Exercised	(26,228)
Cancelled	0
Outstanding Option Ending Balance	1,118,659	982,834
Exercisable	216,731	242,959
Expected to vest	839,653
Weighted Average Exercise Price per Option, Beginning Balance	$ 21.69
Granted, Weighted Average Exercise Price per Option	38.04
Exercised. Weighted Average Exercise Price per Option	27.41
Weighted Average Exercise Price per Option, Ending Balance	23.93	$ 21.69
Exercisable, Weighted Average Exercise Price per Option	31.55
Expected to vest, Weighted Average Exercise Price per Option	21.67
Option Price Per Share, Granted	$ 38.04
Options outstanding, Weighted Average Remaining Contractual Term (years)	7 years 8 months 12 days	7 years 6 months
Exercisable, Weighted Average Remaining Contractual Term (years)	3 years 2 months 12 days
Expected to vest, Weighted Average Remaining Contractual Term (years)	8 years 9 months 18 days
Options outstanding, Aggregate Intrinsic Value	$ 14,207	$ 15,441
Exercisable, Aggregate Intrinsic Value	1,355
Expected to vest, Aggregate Intrinsic Value	$ 12,288
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
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

Stock-Based Compensation - Sc_3

Stock-Based Compensation - Schedule of Stock Options Activity (Parenthetical) (Details) - shares	Apr. 30, 2022	Jan. 31, 2022
Share-based Payment Arrangement [Abstract]
Exercisable	216,731	242,959

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Awards Activity (Details) - Stock Award Units $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 30, 2022USD ($)$ / sharesshares
Number of Stock Award Units
Stock Award Units, Beginning Balance | shares	296,283
Units granted | shares	112,767
Units vested | shares	(111,584)
Units forfeited | shares	0
Stock Award Units, Ending Balance | shares	297,466
Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value, Beginning Balance | $ / shares	$ 26.39
Units granted, Weighted Average Grant Date Fair Value | $ / shares	38.04
Units vested, Weighted Average Grant Date Fair Value | $ / shares	31.84
Units forfeited, Weighted Average Grant Date Fair Value | $ / shares	0
Weighted Average Grant Date Fair Value Ending Balance | $ / shares	$ 28.76
Weighted-Average Remaining Contractual Term (years)
Units outstanding, Weighted-Average Remaining Contractual Term (years)	2 years 6 months
Aggregate Intrinsic Value
Units outstanding, Aggregate Intrinsic Value | $	$ 10,700

Segment and Geographic Inform_3

Segment and Geographic Information - Additional Information (Details) $ in Thousands	3 Months Ended
	Apr. 30, 2022USD ($)SegmentLocation	Apr. 30, 2021USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | Segment	2
Number of geographic locations | Location	2
Net sales	$ 163,424	$ 134,798
Intersegment Eliminations
Segment Reporting Information [Line Items]
Net sales	$ 96,200	$ 69,700
Geographic Concentration Risk | Europe | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	34.00%	28.90%
Geographic Concentration Risk | Middle East | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	10.10%	8.50%
Geographic Concentration Risk | Americas (excluding the United States) | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	8.40%	8.50%
Geographic Concentration Risk | Asia | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	4.50%	5.20%

Segment and Geographic Inform_4

Segment and Geographic Information - Operating Segment Data (Details) - USD ($) $ in Thousands		3 Months Ended
		Apr. 30, 2022	Apr. 30, 2021	Jan. 31, 2022
Operating segment data
Net sales		$ 163,424	$ 134,798
Operating Income	[1]	25,294	13,256
Total Assets		739,984	694,706	$ 761,160
Watch and Accessory Brands
Operating segment data
Net sales		143,368	116,279
Operating Income	[1]	21,547	8,785
Total Assets		670,531	636,755	701,986
Watch and Accessory Brands | Owned brands category
Operating segment data
Net sales		53,170	48,371
Watch and Accessory Brands | Licensed brands category
Operating segment data
Net sales		88,840	67,626
Watch and Accessory Brands | After-sales service and all other
Operating segment data
Net sales		1,358	282
Company Stores
Operating segment data
Net sales		20,056	18,519
Operating Income	[1]	3,747	4,471
Total Assets		$ 69,453	$ 57,951	$ 59,174
[1]	For both the three months ended April 30, 2022 and 2021, in the United States locations of the Watch and Accessory Brands segment, operating income included a charge of $ 0.1 million of expenses related to the amortization of intangible assets and deferred compensation associated with the MVMT brand. In addition, in the International locations of the Watch and Accessory Brands segment for both the three months ended April 30, 2022 and 2021, operating income included a charge of $ 0.7 million of expenses related to the amortization of acquired intangible assets as a result of the Company’s acquisition of the Olivia Burton brand.

Segment and Geographic Inform_5

Segment and Geographic Information - Geographic Location Data (Details) - USD ($) $ in Thousands		3 Months Ended
		Apr. 30, 2022	Apr. 30, 2021	Jan. 31, 2022
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales		$ 163,424	$ 134,798
Operating Income	[1]	25,294	13,256
Total Assets		739,984	694,706	$ 761,160
Property, Plant and Equipment, Net		18,434	20,599	19,470
United States
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	[2]	70,223	65,893
Operating Income	[1],[2]	548	759
Total Assets		314,738	345,094	352,806
Property, Plant and Equipment, Net		12,876	13,778	13,246
International
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	[3]	93,201	68,905
Operating Income	[1],[3]	24,746	12,497
Total Assets		425,246	349,612	408,354
Property, Plant and Equipment, Net		$ 5,558	$ 6,821	$ 6,224
[1]	For both the three months ended April 30, 2022 and 2021, in the United States locations of the Watch and Accessory Brands segment, operating income included a charge of $ 0.1 million of expenses related to the amortization of intangible assets and deferred compensation associated with the MVMT brand. In addition, in the International locations of the Watch and Accessory Brands segment for both the three months ended April 30, 2022 and 2021, operating income included a charge of $ 0.7 million of expenses related to the amortization of acquired intangible assets as a result of the Company’s acquisition of the Olivia Burton brand.
[2]	The United States operating income included $ 13.5 million and $ 8.9 million of unallocated corporate expenses for the three months ended April 30, 2022 and 2021, respectively.
[3]	The International operating income included $ 19.1 million and $ 13.9 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended April 30, 2022 and 2021, respectively.

Segment and Geographic Inform_6

Segment and Geographic Information - Geographic Location Data (Parenthetical) (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2022	Apr. 30, 2021
United States
Segment Reporting Information [Line Items]
Unallocated corporate expenses	$ 13.5	$ 8.9
United States | Watch and Accessory Brands | MVMT Watches, Inc.
Segment Reporting Information [Line Items]
Charge related to the amortization of intangible assets	0.1	0.1
International
Segment Reporting Information [Line Items]
Profits related to the company's supply chain operations	19.1	13.9
International | Watch and Accessory Brands | Olivia Burton Band
Segment Reporting Information [Line Items]
Charge related to the amortization of intangible assets	$ 0.7	$ 0.7