Movado (MOV) 10-Q 25 Aug 22 2023 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 31, 2022	Aug. 22, 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	Jul. 31, 2022
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Trading Symbol	MOV
Entity Registrant Name	MOVADO GROUP, INC.
Entity Central Index Key	0000072573
Current Fiscal Year End Date	--01-31
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	1-16497
Entity Tax Identification Number	13-2595932
Entity Address, Address Line One	650 From Road
Entity Address, Address Line Two	Ste. 375
Entity Address, City or Town	Paramus
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07652-3556
City Area Code	201
Local Phone Number	267-8000
Document Quarterly Report	true
Document Transition Report	false
Entity Incorporation, State or Country Code	NY
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, par value $0.01 per share
Security Exchange Name	NYSE
Common Stock Class Undefined
Entity Common Stock, Shares Outstanding		15,889,254
Class A Common Stock
Entity Common Stock, Shares Outstanding		6,524,805

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jul. 31, 2022	Jan. 31, 2022	Jul. 31, 2021
Current assets:
Cash and cash equivalents	$ 203,109	$ 277,128	$ 199,721
Trade receivables, net	100,697	91,558	89,710
Inventories	215,038	160,283	183,289
Other current assets	21,588	16,974	23,144
Income taxes receivable	9,691	7,941	8,602
Total current assets	550,123	553,884	504,466
Property, plant and equipment, net	17,956	19,470	19,656
Operating lease right-of-use assets	76,818	68,599	71,253
Deferred and non-current income taxes	44,480	42,596	41,579
Other intangibles, net	10,946	13,507	15,550
Other non-current assets	65,813	63,104	58,394
Total assets	766,136	761,160	710,898
Current liabilities:
Accounts payable	51,981	46,011	45,670
Accrued liabilities	58,475	48,522	50,329
Accrued payroll and benefits	11,383	25,117	13,864
Current operating lease liabilities	16,904	13,693	14,863
Income taxes payable	20,875	18,123	10,379
Total current liabilities	159,618	151,466	135,105
Deferred and non-current income taxes payable	15,788	19,614	20,185
Non-current operating lease liabilities	67,241	62,730	64,520
Other non-current liabilities	47,633	50,264	51,686
Total liabilities	290,280	284,074	271,496
Commitments and contingencies (Note 9)
Redeemable noncontrolling interest	2,305	2,311	2,443
Equity:
Preferred Stock, $0.01 par value, 5,000,000 shares authorized; no shares issued	0	0	0
Capital in excess of par value	226,156	222,615	217,505
Retained earnings	440,306	413,587	361,162
Accumulated other comprehensive income	75,724	85,295	90,486
Treasury Stock, 12,881,965, 12,266,978 and 11,881,311 shares, respectively, at cost	(271,702)	(249,040)	(234,935)
Total Movado Group, Inc. shareholders' equity	470,836	472,808	434,567
Noncontrolling interest	2,715	1,967	2,392
Total equity	473,551	474,775	436,959
Total liabilities, redeemable noncontrolling interest and equity	766,136	761,160	710,898
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	Jul. 31, 2022	Jan. 31, 2022	Jul. 31, 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	12,881,965	12,266,978	11,881,311
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	28,414,699
Common Stock, shares outstanding	28,771,219	28,633,025	28,414,699
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	6,536,960
Common Stock, shares outstanding	6,524,805	6,524,805	6,536,960

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Income Statement [Abstract]
Net sales		$ 182,804	$ 173,874	$ 346,228	$ 308,672
Cost of sales		75,877	75,421	142,616	136,017
Gross profit		106,927	98,453	203,612	172,655
Selling, general and administrative		76,270	73,820	147,661	134,766
Operating income	[1]	30,657	24,633	55,951	37,889
Non-operating income/(expense):
Other income		199	257	282	357
Interest expense		(101)	(174)	(213)	(449)
Income before income taxes		30,755	24,716	56,020	37,797
Provision for income taxes (Note 10)		6,418	5,315	12,429	8,645
Net income		24,337	19,401	43,591	29,152
Less: Net income/(loss) attributable to noncontrolling interests		334	(9)	1,075	333
Net income attributable to Movado Group, Inc.		$ 24,003	$ 19,410	$ 42,516	$ 28,819
Basic income per share:
Weighted basic average shares outstanding		22,558	23,332	22,697	23,326
Net income per share attributable to Movado Group, Inc.		$ 1.06	$ 0.83	$ 1.87	$ 1.24
Diluted income per share:
Weighted diluted average shares outstanding		22,966	23,739	23,176	23,736
Net income per share attributable to Movado Group, Inc.		$ 1.05	$ 0.82	$ 1.83	$ 1.21
[1] For the three months ended July 31, 2022 and 2021, and for the six months ended July 31, 2022 and 2021, in the United States locations of the Watch and Accessory Brands segment, operating income included a charge of $ 0.1 million, $ 0.1 million, $ 0.2 million and $ 0.2 million, respectively, 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 the three months ended July 31, 2022 and 2021, and for the six months ended July 31, 2022 and 2021 operating income included a charge of $ 0.6 million, $ 0.7 million, $ 1.3 million and $ 1.4 million, respectively, related to the amortization of acquired intangible assets as a result of the Company’s acquisition of the Olivia Burton brand.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 24,337	$ 19,401	$ 43,591	$ 29,152
Other comprehensive income/(loss):
Net unrealized (loss)/gain on investments, net of tax (benefit)/provision of ($3), ($6), ($5) and $8, respectively	(9)	(16)	(14)	25
Amortization of prior service cost, net of tax provision of $4, $4, $8 and $8, respectively	14	15	28	29
Foreign currency translation adjustments	969	1,081	(10,531)	(2,108)
Accumulated other comprehensive income/(loss) before reclassification, net of tax provision of $122, $0, $393 and $0, respectively	622		1,989
Amounts reclassified from accumulated other comprehensive income/(loss), net of tax benefit of ($178), $0, ($206) and $0, respectively	(904)		(1,043)
Total other comprehensive income/(loss), net of taxes	692	1,080	(9,571)	(2,054)
Comprehensive income/(loss) attributable to noncontrolling interests:
Net income/(loss)	334	(9)	1,075	333
Foreign currency translation adjustments	(133)	(159)	(333)	(168)
Total comprehensive income/(loss) attributable to noncontrolling interests	201	(168)	742	165
Total comprehensive income attributable to Movado Group, Inc.	$ 24,828	$ 20,649	$ 33,278	$ 26,933

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (PARENTHETICAL) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Statement of Comprehensive Income [Abstract]
Net unrealized gain/(loss) on investments, tax provision/(benefit)	$ (3)	$ (6)	$ (5)	$ 8
Amortization of prior service cost, tax provision	4	4	8	8
Accumulated other comprehensive income/(loss) before reclassification, net of tax provision	122	0	393	0
Amounts reclassified from accumulated other comprehensive income/(loss), net of tax benefit	$ (178)	$ 0	$ (206)	$ 0

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Cash flows from operating activities:
Net income	$ 43,591	$ 29,152
Adjustments to reconcile net (loss)/income to net cash used in operating activities:
Depreciation and amortization	5,635	6,283
Transactional losses/(gains)	41	(497)
Provision for inventories and accounts receivable	1,684	2,128
Deferred income taxes	(1,269)	825
Stock-based compensation	2,761	2,784
Other	129	123
Changes in assets and liabilities:
Trade receivables	(12,274)	(13,245)
Inventories	(59,444)	(33,771)
Other current assets	(3,580)	1,138
Accounts payable	6,920	17,992
Accrued liabilities	11,266	1,515
Accrued payroll and benefits	(13,716)	(4,100)
Income taxes receivable	7,123	17,986
Income taxes payable	(10,661)	(6,317)
Other non-current assets	(3,932)	620
Other non-current liabilities	334	62
Net cash (used in)/provided by operating activities	(25,392)	22,678
Cash flows from investing activities:
Capital expenditures	(2,987)	(1,786)
Long-term investments	(2,283)	0
Trademarks and other intangibles	(57)	(133)
Net cash used in investing activities	(5,327)	(1,919)
Cash flows from financing activities:
Repayment of bank borrowings	0	(21,140)
Dividends paid	(15,797)	(11,618)
Stock repurchase	(21,539)	(9,975)
Stock awards and options exercised and other changes	(405)	(1,030)
Other	(85)	0
Net cash used in financing activities	(37,826)	(43,763)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(5,489)	(1,096)
Net decrease in cash, cash equivalents and restricted cash	(74,034)	(24,100)
Cash, cash equivalents, and restricted cash at beginning of year	277,716	224,423
Cash, cash equivalents, and restricted cash at end of period	203,682	200,323
Reconciliation of cash, cash equivalents, and restricted cash:
Cash and cash equivalents	203,109	199,721
Restricted cash included in other non-current assets	573	602
Cash, cash equivalents, and restricted cash at end of period	$ 203,682	$ 200,323

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jul. 31, 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	6 Months Ended
	Jul. 31, 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	6 Months Ended
	Jul. 31, 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 would be applicable to any of the Company’s borrowing instruments that use LIBOR as a reference rate, and is effective immediately, but is only available through December 31, 2022. The Company will continue to monitor new contracts that could potentially be eligible for contract modification relief through December 31, 2022.

Earnings Per Share and Cash Div

Earnings Per Share and Cash Dividends	6 Months Ended
	Jul. 31, 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 per share is as follows (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2022 2021 2022 2021 Weighted average common shares outstanding: Basic 22,558 23,332 22,697 23,326 Effect of dilutive securities: Stock awards and options to purchase shares of 408 407 479 410 Diluted 22,966 23,739 23,176 23,736 For the three months ended July 31, 2022 and 2021, approximately 523,000 and 365,000 , respectively, of potentially dilutive common stock equivalents were excluded from the computation of diluted earnings per share because their effect would have been antidilutive. For the six months ended July 31, 2022 and 2021, approximately 258,000 and 319,000 , 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 May 26, 2022, the Company declared a quarterly cash dividend of $ 0.35 per share payable on June 22, 2022, to shareholders of record on June 8, 2022 . The total dividend of $ 7.9 m illion was paid on June 22, 2022 . 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 . On May 27, 2021, the Company declared a quarterly cash dividend of $ 0.20 per share payable on June 23, 2021, to shareholders of record on June 9, 2021 . The total dividend of $ 4.7 million was paid on June 23, 2021 . 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	6 Months Ended
	Jul. 31, 2022
Inventory Disclosure [Abstract]
Inventories	NOTE 5 – INVENTORIES Inventories consisted of the following (in thousands): July 31, January 31, July 31, Finished goods $ 180,102 $ 128,119 $ 145,330 Component parts 33,092 29,759 34,085 Work-in-process 1,844 2,405 3,874 $ 215,038 $ 160,283 $ 183,289 The Company has corrected the previously disclosed July 31, 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	6 Months Ended
	Jul. 31, 2022
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., 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”). As a result of the merger of Movado Watch Company S.A. into MGI Luxury Group S.A. in July 2022, MGI Luxury Group S.A. (subsequently renamed MGI Luxury Group GmbH as a result of the conversion of its corporate form) became the sole Swiss subsidiary of the Company party to the Credit Agreement (in such capacity, the "Swiss Borrower" and, together with the U.S. Borrowers, the "Borrowers"). 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 Borrower, 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 Borrower is not liable for, nor does it 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 Borrower does not provide collateral to secure the obligations under the Facility. As of July 31, 2022, and July 31, 2021, there were no amounts in loans outstanding under the Facility for either period. Availability under the Facility was reduced by the aggregate number of letters of credit outstanding, issued in connection with retail and operating facility leases to various landlords and for Canadian payroll to the Royal Bank of Canada, totaling approximately $ 0.3 million at both July 31, 2022 and July 31, 2021. At July 31, 2022, the letters of credit have expiration dates through May 31, 2023 . As of July 31, 2022, and July 31, 2021, availability under the Facility was $ 99.7 million for both periods. The Company had weighted average borrowings under the Facility of zero and $ 6.5 million during the three months ended July 31, 2022 and 2021, respectively, with a weighted average interest rate of 2.00 % during the three months ended July 31, 2021. The Company had weighted average borrowings under the Facility of zero and $ 9.8 million during the six months ended July 31, 2022 and 2021, respectively, with a weighted average interest rate of 2.79 % during the six months ended July 31, 2021. A Swiss subsidiary of the Company maintains unsecured lines of credit with an unspecified maturity with a Swiss bank. As of July 31, 2022, and 2021, these lines of credit totaled 6.5 million Swiss Francs for both periods, with a dollar equivalent of $ 6.8 million and $ 7.2 million, respectively. As of July 31, 2022, and 2021, there were no borrowings against these lines. As of July 31, 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 $ 0.3 million for the six-month periods ended July 31, 2022 and July 31, 2021, respectively.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jul. 31, 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 July 31, 2022, the Company's net forward contracts hedging portfolio designated as qualified cash flow hedging instruments consisted of $ 23.0 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 July 31, 2022, the Company’s net forward contracts hedging portfolio not designated as qualified hedges consisted of 19.8 million Chinese Yuan equivalent, 32.0 million Swiss Francs equivalent, 19.0 million U.S. dollars equivalent, 22.8 million Euros equivalent and 1.5 million British Pounds equivalent with various expiry dates ranging through January 19 , 2023 . Changes in the fair value of these derivatives are recognized in earnings in the period they arise. Net gains or losses related to these forward contracts are included in cost of sales and selling and general and administrative expenses in the Consolidated Statements of Operations. The cash flows related to these foreign currency contracts are classified in operating activities. The following table presents the fair values of the Company's derivative financial instruments included in the consolidated balance sheets as of July 31, 2022, January 31, 2022 and July 31, 2021 (in thousands): Asset Derivatives Liability Derivatives Balance July 31, January 31, July 31, Balance July 31, January 31, July 31, Derivatives designated as hedging instruments: Foreign Exchange Contracts Other Current $ 1,487 $ 154 $ — Accrued $ — $ 30 $ — Total Derivative Instruments $ 1,487 $ 154 $ — $ — $ 30 $ — Asset Derivatives Liability Derivatives Balance July 31, January 31, July 31, Balance July 31, January 31, July 31, Derivatives not designated as hedging instruments: Foreign Exchange Contracts Other Current $ 199 $ 43 $ 140 Accrued $ 263 $ 140 $ — Total Derivative Instruments $ 199 $ 43 $ 140 $ 263 $ 140 $ — As of July 31, 2022, January 31, 2022 and July 31, 2021, the balance of deferred gains, net of taxes, on derivative financial instruments designated as cash flow hedges included in accumulated other comprehensive income were $ 1.1 million, $ 0.2 million and zero , respectively. For the three and six months ended July 31, 2022, the Company reclassified $ 0.9 million and $ 1.0 million, respectively, from accumulated other comprehensive income to Net sales in the Consolidated Statements of Operations. For the three and six months ended July 31, 2021, the Company did no t have any cash flow hedges. No ineffectiveness has been recorded for the three and six months ended July 31, 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	6 Months Ended
	Jul. 31, 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 July 31, 2022 and 2021 and January 31, 2022 (in thousands): Fair Value at July 31, 2022 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 230 $ — $ — $ 230 Short-term investment Other current assets 163 — — 163 SERP assets - employer Other non-current assets 830 — — 830 SERP assets - employee Other non-current assets 44,566 — — 44,566 Defined benefit plan assets Other non-current assets — — 27,357 27,357 Hedge derivatives Other current assets — 1,686 — 1,686 Total $ 45,789 $ 1,686 $ 27,357 $ 74,832 Liabilities: SERP liabilities - employee Other non-current liabilities $ 44,566 $ — $ — $ 44,566 Hedge derivatives Accrued liabilities — 263 — 263 Total $ 44,566 $ 263 $ — $ 44,829 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 July 31, 2021 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 218 $ — $ — $ 218 Short-term investment Other current assets 167 — — 167 SERP assets - employer Other non-current assets 882 — — 882 SERP assets - employee Other non-current assets 47,886 — — 47,886 Defined benefit plan assets Other non-current liabilities — — 28,057 28,057 Hedge derivatives Other current assets — 140 — 140 Total $ 49,153 $ 140 $ 28,057 $ 77,350 Liabilities: SERP liabilities - employee Other non-current liabilities $ 47,886 $ — $ — $ 47,886 Total $ 47,886 $ — $ — $ 47,886 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 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 July 31, 2022 and January 31, 2022 and other non-current liabilities in the consolidated balance sheets at July 31, 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 six months of fiscal 2023, the Company invested an additional $ 2.3 m illion in venture capital funds (see Note 9 - Commitments and Contingencies for discussion of commitments made related to venture capital funds). The Company has and will regularly evaluate the carrying value of its investments. There were no adjustments to the original cost value during the three and six months ended July 31, 2022. The carrying value of the investments are recorded in Other non-current assets in the Consolidated Balance Sheets at July 31, 2022 and January 31, 2022.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jul. 31, 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 while the special tariff applies to all China-sourced watch bands, the special tariff does not apply to China-sourced watch cases imported as part of such 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 $ 2.3 mill ion during the first six months of fiscal 2023 and may be called upon to satisfy capital calls in respect of the remaining $ 17.2 million 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 July 31, 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	6 Months Ended
	Jul. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 10 – INCOME TAXES The Company recorded an income tax provision of $ 6.4 million and $ 5.3 million for the three months ended July 31, 2022 and 2021, respectively. The effective tax rate was 20.9 % and 21.5 % for the three months ended July 31, 2022 and 2021, respectively. The significant components of the effective tax rate changed primarily due to the release of certain foreign valuation allowances, partially offset by return to provision adjustments. The Company recorded an income tax provision of $ 12.4 million and $ 8.6 million for the six months ended July 31, 2022 and 2021, respectively. The effective tax rate was 22.2 % and 22.9 % for the six months ended July 31, 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 July 31, 2022, the Company had no deferred tax liability for the undistributed foreign earnings of approximately $ 215.9 million because the Company intends to permanently reinvest such earnings in its foreign operations. It is not practicable to estimate the tax liability related to a future distribution of these permanently reinvested foreign earnings.

Equity

Equity	6 Months Ended
	Jul. 31, 2022
Equity [Abstract]
Equity	NOTE 11 – EQUITY The components of equity for the six months ended July 31, 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/(loss) attributable to Movado Group, Inc. 42,516 813 43,329 262 Dividends ($ 0.70 per share) ( 15,797 ) ( 15,797 ) Stock options exercised 1 717 ( 1,123 ) ( 405 ) Stock repurchase ( 21,539 ) ( 21,539 ) Supplemental executive retirement plan 63 63 Stock-based compensation expense 2,761 2,761 Net unrealized loss on investments, net 5 ) ( 14 ) ( 14 ) Net change in effective portion of hedging contracts, net of tax provision of $ 187 946 946 Amortization of prior service cost, net of tax provision of $ 8 28 28 Foreign currency translation ( 10,531 ) ( 65 ) ( 10,596 ) ( 268 ) Balance, July 31, 2022 $ — $ 287 $ 65 $ 226,156 $ 440,306 $ 75,724 $ ( 271,702 ) $ 2,715 $ 473,551 $ 2,305 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 Group, Inc. 28,819 424 29,243 ( 91 ) Dividends ($ 0.40 per share) ( 9,298 ) ( 9,298 ) Stock options exercised 3 621 ( 1,654 ) ( 1,030 ) Stock repurchase ( 9,975 ) ( 9,975 ) Supplemental executive retirement plan 57 57 Stock-based compensation expense 2,784 2,784 Net unrealized gain on investments, net 8 25 25 Amortization of prior service cost, net of tax provision of $ 8 29 29 Foreign currency translation ( 2,108 ) ( 102 ) ( 2,210 ) ( 66 ) Balance, July 31, 2021 $ — $ 284 $ 65 $ 217,505 $ 361,162 $ 90,486 $ ( 234,935 ) $ 2,392 $ 436,959 $ 2,443 (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	6 Months Ended
	Jul. 31, 2022
Equity [Abstract]
Treasury Stock	NOTE 12 – TREASURY STOCK On March 25, 2021, the Board approved a share repurchase program under which the Company was 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 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 six months ended July 31, 2022, the Company repurchased a total of 586,582 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 $ 21.5 million, or an average of $ 36.72 per share. During the six months ended July 31, 2021, the Company repurchased a total of 334,000 shares of its common stock under the March 25, 2021 share repurchase program at a total cost of $ 10.0 million, or an average of $ 29.87 per share. At July 31, 2022, zero remains available for purchase under the Company’s March 25, 2021 repurchase program and $ 30.9 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 six months ended July 31, 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	6 Months Ended
	Jul. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income	NOTE 13 – ACCUMULATED OTHER COMPREHENSIVE INCOME The accumulated balances at July 31, 2022 and 2021, and January 31, 2022, related to each component of accumulated other comprehensive income/(loss) are as follows (in thousands): July 31, January 31, July 31, Foreign currency translation adjustments $ 74,194 $ 84,725 $ 91,058 Available-for-sale securities 158 172 149 Hedging contracts 1,140 194 — Unrecognized prior service cost related to defined benefit pension plan ( 259 ) ( 287 ) ( 315 ) Net actuarial gain/(loss) related to defined benefit pension plan 491 491 ( 406 ) Total accumulated other comprehensive income $ 75,724 $ 85,295 $ 90,486 Amounts reclassified from accumulated other comprehensive income/(loss) to operating income in the Consolidated Statements of Operations during the six months ended July 31, 2022 and July 31, 2021 were $ 1.0 m illion and zero , respectively.

Revenue

Revenue	6 Months Ended
	Jul. 31, 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 For the Six Months Ended Customer Type 2022 2021 2022 2021 Wholesale $ 137,346 $ 115,586 $ 265,963 $ 214,989 Direct to consumer 44,592 57,278 78,340 91,964 After-sales service 866 1,010 1,925 1,719 Net Sales $ 182,804 $ 173,874 $ 346,228 $ 308,672 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 customers 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	6 Months Ended
	Jul. 31, 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 six months ended July 31, 2022 and July 31, 2021. Six Months Ended July 31, 2022 Six Months Ended July 31, 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 July 31, 2022 and 2021 was $ 0.6 m illion and $ 0.4 million, respectively. Total compensation expense for stock option grants recognized during the six months ended July 31, 2022 and 2021 was $ 1.1 million and $ 0.7 million, respectively. As of July 31, 2022, there was $ 3.9 million of unrecognized compensation cost related to unvested stock options. These costs are expected to be recognized over a weighted-average period of 2.0 years. Total cash consideration received for stock option exercises during the six months ended July 31, 2022 and 2021 wa s $ 0.7 m illion and $ 0.6 million, respectively. The following table summarizes the Company’s stock options activity during the first six months 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 July 31, 2022 1,118,659 $ 23.93 $ 12.42 -$ 42.12 7.5 $ 12,432 Exercisable at July 31, 2022 216,731 $ 31.55 3.0 $ 1,053 Expected to vest at July 31, 2022 854,087 $ 21.73 8.5 $ 11,036 The fair value of stock options exercised during the first six months 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 July 31, 2022 and 2021, compensation expense for stock awards was $ 0.8 million and $ 0.9 million, respectively. For the six months ended July 31, 2022 and 2021, compensation expense for stock awards was $ 1.7 million and $ 2.1 million, respectively. As of July 31, 2022, there was $ 5.2 million of unrecognized compensation cost related to unvested stock awards. These costs are expected to be recognized over a weighted-average period of 2.1 years. The following table summarizes the Company’s stock awards activity during the first six months 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 ( 2,914 ) $ 24.11 Units outstanding at July 31, 2022 294,552 $ 28.81 2.2 $ 10,009 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 six months ended July 31, 2022 and 2021, respectively. The total fair value of stock award units that vested during the first six months of fiscal 2023 was $ 3.6 m illion. The number of shares issued related to the remaining stock awards are established at grant date.

Segment and Geographic Informat

Segment and Geographic Information	6 Months Ended
	Jul. 31, 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 31.2 %, 10.6 %, 9.4 % and 4.6 %, respectively, of the Company’s total net sales for the three months ended July 31, 2022. For the three months ended July 31, 2021, the Company’s International operations in Europe, the Middle East, Asia and the Americas (excluding the United States) accounted for 33.4 %, 8.2 %, 4.8 % and 4.4 %, respectively, of the Company’s total net sales. The Company’s International operations in Europe, the Middle East, the Americas (excluding the United States) and Asia accounted for 32.5 %, 10.4 %, 8.9 % and 4.6 %, respectively, of the Company’s total net sales for the six months ended July 31, 2022. For the six months ended July 31, 2021, the Company’s International operations in Europe, the Middle East, the Americas (excluding the United States) and Asia accounted for 31.4 %, 8.3 %, 6.3 % and 5.0 %, respectively, of the Company’s total net sales. Operating Segment Data for the Three Months Ended July 31, 2022 and 2021 (in thousands): Net Sales 2022 2021 Watch and Accessory Brands: Owned brands category $ 56,694 $ 60,902 Licensed brands category 96,536 84,077 After-sales service and all other 1,073 1,200 Total Watch and Accessory Brands 154,303 146,179 Company Stores 28,501 27,695 Consolidated total $ 182,804 $ 173,874 Operating Income (3) 2022 2021 Watch and Accessory Brands $ 23,372 $ 15,718 Company Stores 7,285 8,915 Consolidated total $ 30,657 $ 24,633 Operating Segment Data as of and for the Six Months Ended July 31, 2022 and 2021 (in thousands): Net Sales 2022 2021 Watch and Accessory Brands: Owned brands category $ 109,864 $ 109,273 Licensed brands category 185,376 151,703 After-sales service and all other 2,431 1,482 Total Watch and Accessory Brands 297,671 262,458 Company Stores 48,557 46,214 Consolidated total $ 346,228 $ 308,672 Operating Income (3) 2022 2021 Watch and Accessory Brands $ 44,919 $ 24,503 Company Stores 11,032 13,386 Consolidated total $ 55,951 $ 37,889 Total Assets July 31, January 31, July 31, Watch and Accessory Brands $ 699,060 $ 701,986 $ 651,495 Company Stores 67,076 59,174 59,403 Consolidated total $ 766,136 $ 761,160 $ 710,898 Geographic Location Data for the Three Months Ended July 31, 2022 and 2021 (in thousands): Net Sales Operating Income (3) 2022 2021 2022 2021 United States (1) $ 80,866 $ 85,487 $ 4,011 $ 8,820 International (2) 101,938 88,387 26,646 15,813 Consolidated total $ 182,804 $ 173,874 $ 30,657 $ 24,633 United States and International net sales are net of intercompany sales of $ 101.2 million and $ 90.7 million for the three months ended July 31, 2022 and 2021, respectively. Geographic Location Data as of and for the Six Months Ended July 31, 2022 and 2021 (in thousands): Net Sales Operating Income (3) 2022 2021 2022 2021 United States (1) $ 151,089 $ 151,380 $ 4,559 $ 9,579 International (2) 195,139 157,292 51,392 28,310 Consolidated total $ 346,228 $ 308,672 $ 55,951 $ 37,889 United States and International net sales are net of intercompany sales of $ 197.4 million and $ 160.4 million for the six months ended July 31, 2022 and 2021, respectively. (1) The United States operating income included $ 12.5 million and $ 13.0 million of unallocated corporate expenses for the three months ended July 31, 2022 and 2021, respectively. The United States operating income included $ 26.0 million and $ 21.9 million of unallocated corporate expenses for the six months ended July 31, 2022 and 2021, respectively. (2) The International operating income included $ 18.8 million and $ 16.9 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended July 31, 2022 and 2021, respectively. The International operating income included $ 37.9 million and $ 30.8 million of certain intercompany profits related to the Company’s supply chain operations for the six months ended July 31, 2022 and 2021, respectively. (3) For the three months ended July 31, 2022 and 2021, and for the six months ended July 31, 2022 and 2021, in the United States locations of the Watch and Accessory Brands segment, operating income included a charge of $ 0.1 million, $ 0.1 million, $ 0.2 million and $ 0.2 million, respectively, 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 the three months ended July 31, 2022 and 2021, and for the six months ended July 31, 2022 and 2021 operating income included a charge of $ 0.6 million, $ 0.7 million, $ 1.3 million and $ 1.4 million, respectively, related to the amortization of acquired intangible assets as a result of the Company’s acquisition of the Olivia Burton brand. Total Assets July 31, January 31, July 31, United States $ 440,650 $ 352,806 $ 350,187 International 325,486 408,354 360,711 Consolidated total $ 766,136 $ 761,160 $ 710,898 Property, Plant and Equipment, Net July 31, January 31, July 31, United States $ 12,617 $ 13,246 $ 13,014 International 5,339 6,224 6,642 Consolidated total $ 17,956 $ 19,470 $ 19,656

Earnings Per Share and Cash D_2

Earnings Per Share and Cash Dividends (Tables)	6 Months Ended
	Jul. 31, 2022
Earnings Per Share [Abstract]
Schedule of Number of Shares Used in Calculating Basic and Diluted Earnings Per Share	The number of shares used in calculating basic and diluted earnings per share is as follows (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2022 2021 2022 2021 Weighted average common shares outstanding: Basic 22,558 23,332 22,697 23,326 Effect of dilutive securities: Stock awards and options to purchase shares of 408 407 479 410 Diluted 22,966 23,739 23,176 23,736

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jul. 31, 2022
Inventory Disclosure [Abstract]
Components of Inventories	Inventories consisted of the following (in thousands): July 31, January 31, July 31, Finished goods $ 180,102 $ 128,119 $ 145,330 Component parts 33,092 29,759 34,085 Work-in-process 1,844 2,405 3,874 $ 215,038 $ 160,283 $ 183,289

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	6 Months Ended
	Jul. 31, 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 July 31, 2022, January 31, 2022 and July 31, 2021 (in thousands): Asset Derivatives Liability Derivatives Balance July 31, January 31, July 31, Balance July 31, January 31, July 31, Derivatives designated as hedging instruments: Foreign Exchange Contracts Other Current $ 1,487 $ 154 $ — Accrued $ — $ 30 $ — Total Derivative Instruments $ 1,487 $ 154 $ — $ — $ 30 $ — Asset Derivatives Liability Derivatives Balance July 31, January 31, July 31, Balance July 31, January 31, July 31, Derivatives not designated as hedging instruments: Foreign Exchange Contracts Other Current $ 199 $ 43 $ 140 Accrued $ 263 $ 140 $ — Total Derivative Instruments $ 199 $ 43 $ 140 $ 263 $ 140 $ —

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jul. 31, 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 July 31, 2022 and 2021 and January 31, 2022 (in thousands): Fair Value at July 31, 2022 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 230 $ — $ — $ 230 Short-term investment Other current assets 163 — — 163 SERP assets - employer Other non-current assets 830 — — 830 SERP assets - employee Other non-current assets 44,566 — — 44,566 Defined benefit plan assets Other non-current assets — — 27,357 27,357 Hedge derivatives Other current assets — 1,686 — 1,686 Total $ 45,789 $ 1,686 $ 27,357 $ 74,832 Liabilities: SERP liabilities - employee Other non-current liabilities $ 44,566 $ — $ — $ 44,566 Hedge derivatives Accrued liabilities — 263 — 263 Total $ 44,566 $ 263 $ — $ 44,829 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 July 31, 2021 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 218 $ — $ — $ 218 Short-term investment Other current assets 167 — — 167 SERP assets - employer Other non-current assets 882 — — 882 SERP assets - employee Other non-current assets 47,886 — — 47,886 Defined benefit plan assets Other non-current liabilities — — 28,057 28,057 Hedge derivatives Other current assets — 140 — 140 Total $ 49,153 $ 140 $ 28,057 $ 77,350 Liabilities: SERP liabilities - employee Other non-current liabilities $ 47,886 $ — $ — $ 47,886 Total $ 47,886 $ — $ — $ 47,886

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jul. 31, 2022
Equity [Abstract]
Components of Equity	The components of equity for the six months ended July 31, 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/(loss) attributable to Movado Group, Inc. 42,516 813 43,329 262 Dividends ($ 0.70 per share) ( 15,797 ) ( 15,797 ) Stock options exercised 1 717 ( 1,123 ) ( 405 ) Stock repurchase ( 21,539 ) ( 21,539 ) Supplemental executive retirement plan 63 63 Stock-based compensation expense 2,761 2,761 Net unrealized loss on investments, net 5 ) ( 14 ) ( 14 ) Net change in effective portion of hedging contracts, net of tax provision of $ 187 946 946 Amortization of prior service cost, net of tax provision of $ 8 28 28 Foreign currency translation ( 10,531 ) ( 65 ) ( 10,596 ) ( 268 ) Balance, July 31, 2022 $ — $ 287 $ 65 $ 226,156 $ 440,306 $ 75,724 $ ( 271,702 ) $ 2,715 $ 473,551 $ 2,305 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 Group, Inc. 28,819 424 29,243 ( 91 ) Dividends ($ 0.40 per share) ( 9,298 ) ( 9,298 ) Stock options exercised 3 621 ( 1,654 ) ( 1,030 ) Stock repurchase ( 9,975 ) ( 9,975 ) Supplemental executive retirement plan 57 57 Stock-based compensation expense 2,784 2,784 Net unrealized gain on investments, net 8 25 25 Amortization of prior service cost, net of tax provision of $ 8 29 29 Foreign currency translation ( 2,108 ) ( 102 ) ( 2,210 ) ( 66 ) Balance, July 31, 2021 $ — $ 284 $ 65 $ 217,505 $ 361,162 $ 90,486 $ ( 234,935 ) $ 2,392 $ 436,959 $ 2,443 (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)	6 Months Ended
	Jul. 31, 2022
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Component of Accumulated Other Comprehensive Income (Loss)	The accumulated balances at July 31, 2022 and 2021, and January 31, 2022, related to each component of accumulated other comprehensive income/(loss) are as follows (in thousands): July 31, January 31, July 31, Foreign currency translation adjustments $ 74,194 $ 84,725 $ 91,058 Available-for-sale securities 158 172 149 Hedging contracts 1,140 194 — Unrecognized prior service cost related to defined benefit pension plan ( 259 ) ( 287 ) ( 315 ) Net actuarial gain/(loss) related to defined benefit pension plan 491 491 ( 406 ) Total accumulated other comprehensive income $ 75,724 $ 85,295 $ 90,486 Amounts reclassified from accumulated other comprehensive income/(loss) to operating income in the Consolidated Statements of Operations during the six months ended July 31, 2022 and July 31, 2021 were $ 1.0 m illion and zero , respectively.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jul. 31, 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 For the Six Months Ended Customer Type 2022 2021 2022 2021 Wholesale $ 137,346 $ 115,586 $ 265,963 $ 214,989 Direct to consumer 44,592 57,278 78,340 91,964 After-sales service 866 1,010 1,925 1,719 Net Sales $ 182,804 $ 173,874 $ 346,228 $ 308,672

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jul. 31, 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 six months ended July 31, 2022 and July 31, 2021. Six Months Ended July 31, 2022 Six Months Ended July 31, 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 six months 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 July 31, 2022 1,118,659 $ 23.93 $ 12.42 -$ 42.12 7.5 $ 12,432 Exercisable at July 31, 2022 216,731 $ 31.55 3.0 $ 1,053 Expected to vest at July 31, 2022 854,087 $ 21.73 8.5 $ 11,036
Summary of Stock Awards Activity	The following table summarizes the Company’s stock awards activity during the first six months 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 ( 2,914 ) $ 24.11 Units outstanding at July 31, 2022 294,552 $ 28.81 2.2 $ 10,009

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	6 Months Ended
	Jul. 31, 2022
Segment Reporting [Abstract]
Operating Segment Data	Operating Segment Data for the Three Months Ended July 31, 2022 and 2021 (in thousands): Net Sales 2022 2021 Watch and Accessory Brands: Owned brands category $ 56,694 $ 60,902 Licensed brands category 96,536 84,077 After-sales service and all other 1,073 1,200 Total Watch and Accessory Brands 154,303 146,179 Company Stores 28,501 27,695 Consolidated total $ 182,804 $ 173,874 Operating Income (3) 2022 2021 Watch and Accessory Brands $ 23,372 $ 15,718 Company Stores 7,285 8,915 Consolidated total $ 30,657 $ 24,633 Operating Segment Data as of and for the Six Months Ended July 31, 2022 and 2021 (in thousands): Net Sales 2022 2021 Watch and Accessory Brands: Owned brands category $ 109,864 $ 109,273 Licensed brands category 185,376 151,703 After-sales service and all other 2,431 1,482 Total Watch and Accessory Brands 297,671 262,458 Company Stores 48,557 46,214 Consolidated total $ 346,228 $ 308,672 Operating Income (3) 2022 2021 Watch and Accessory Brands $ 44,919 $ 24,503 Company Stores 11,032 13,386 Consolidated total $ 55,951 $ 37,889 Total Assets July 31, January 31, July 31, Watch and Accessory Brands $ 699,060 $ 701,986 $ 651,495 Company Stores 67,076 59,174 59,403 Consolidated total $ 766,136 $ 761,160 $ 710,898
Geographic Segment Data	Geographic Location Data for the Three Months Ended July 31, 2022 and 2021 (in thousands): Net Sales Operating Income (3) 2022 2021 2022 2021 United States (1) $ 80,866 $ 85,487 $ 4,011 $ 8,820 International (2) 101,938 88,387 26,646 15,813 Consolidated total $ 182,804 $ 173,874 $ 30,657 $ 24,633 United States and International net sales are net of intercompany sales of $ 101.2 million and $ 90.7 million for the three months ended July 31, 2022 and 2021, respectively. Geographic Location Data as of and for the Six Months Ended July 31, 2022 and 2021 (in thousands): Net Sales Operating Income (3) 2022 2021 2022 2021 United States (1) $ 151,089 $ 151,380 $ 4,559 $ 9,579 International (2) 195,139 157,292 51,392 28,310 Consolidated total $ 346,228 $ 308,672 $ 55,951 $ 37,889 United States and International net sales are net of intercompany sales of $ 197.4 million and $ 160.4 million for the six months ended July 31, 2022 and 2021, respectively. (1) The United States operating income included $ 12.5 million and $ 13.0 million of unallocated corporate expenses for the three months ended July 31, 2022 and 2021, respectively. The United States operating income included $ 26.0 million and $ 21.9 million of unallocated corporate expenses for the six months ended July 31, 2022 and 2021, respectively. (2) The International operating income included $ 18.8 million and $ 16.9 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended July 31, 2022 and 2021, respectively. The International operating income included $ 37.9 million and $ 30.8 million of certain intercompany profits related to the Company’s supply chain operations for the six months ended July 31, 2022 and 2021, respectively. (3) For the three months ended July 31, 2022 and 2021, and for the six months ended July 31, 2022 and 2021, in the United States locations of the Watch and Accessory Brands segment, operating income included a charge of $ 0.1 million, $ 0.1 million, $ 0.2 million and $ 0.2 million, respectively, 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 the three months ended July 31, 2022 and 2021, and for the six months ended July 31, 2022 and 2021 operating income included a charge of $ 0.6 million, $ 0.7 million, $ 1.3 million and $ 1.4 million, respectively, related to the amortization of acquired intangible assets as a result of the Company’s acquisition of the Olivia Burton brand. Total Assets July 31, January 31, July 31, United States $ 440,650 $ 352,806 $ 350,187 International 325,486 408,354 360,711 Consolidated total $ 766,136 $ 761,160 $ 710,898 Property, Plant and Equipment, Net July 31, January 31, July 31, United States $ 12,617 $ 13,246 $ 13,014 International 5,339 6,224 6,642 Consolidated total $ 17,956 $ 19,470 $ 19,656

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 Per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Weighted average common shares outstanding:
Basic	22,558	23,332	22,697	23,326
Effect of dilutive securities:
Stock awards and options to purchase shares of common stock	408	407	479	410
Diluted	22,966	23,739	23,176	23,736

Earnings Per Share and Cash D_4

Earnings Per Share and Cash Dividends - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands						3 Months Ended				6 Months Ended
	Mar. 26, 2022	Mar. 24, 2022	May 27, 2021	Mar. 25, 2021	Feb. 05, 2021	Jul. 31, 2022	Apr. 30, 2022	Jul. 31, 2021	Apr. 30, 2021	Jul. 31, 2022	Jul. 31, 2021
Earnings Per Share Diluted [Line Items]
Dilutive common stock equivalents were excluded from the computation of diluted earnings per share						523,000		365,000		258,000	319,000
Cash dividend declared and payable	$ 0.35	$ 0.35	$ 0.20	$ 0.20						$ 0.70	$ 0.40
Dividend paid					$ 2,300	$ 7,900	$ 7,900	$ 4,700	$ 4,600	$ 15,797	$ 9,298
Dividend payable date						Jun. 22, 2022	Apr. 20, 2022	Jun. 23, 2021	Apr. 21, 2021
Cash dividend paid per share					$ 0.10
Dividend payable, record date	Jun. 08, 2022	Apr. 06, 2022	Jun. 09, 2021	Apr. 07, 2021	Jan. 21, 2021

Inventories - Components of Inv

Inventories - Components of Inventories (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Jan. 31, 2022	Jul. 31, 2021
Inventory, Net [Abstract]
Finished goods	$ 180,102	$ 128,119	$ 145,330
Component parts	33,092	29,759	34,085
Work-in-process	1,844	2,405	3,874
Inventories	$ 215,038	$ 160,283	$ 183,289

Inventories - Additional Inform

Inventories - Additional Information (Details) $ in Millions	6 Months Ended
	Jul. 31, 2022 USD ($)
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)		3 Months Ended		6 Months Ended
	Oct. 12, 2018 USD ($)	Jul. 31, 2022 USD ($) Subsidiary Bank	Jul. 31, 2021 USD ($) Bank Subsidiary	Jul. 31, 2022 USD ($) Subsidiary Bank	Jul. 31, 2021 USD ($) Bank Subsidiary	Jul. 31, 2022 CHF (SFr) Subsidiary Bank	Jan. 31, 2022 USD ($)	Jul. 31, 2021 CHF (SFr) Bank Subsidiary
Debt Instrument [Line Items]
Cash paid for interest				$ 100,000	$ 300,000
Cash and cash equivalents		$ 203,109,000	$ 199,721,000	203,109,000	199,721,000		$ 277,128,000
Unsecured Debt | Swiss subsidiary
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		6,800,000	7,200,000	6,800,000	7,200,000	SFr 6,500,000		SFr 6,500,000
Outstanding borrowing amount		0	0	0	0
Revolving Credit Facility | Secured Debt | Credit Agreement Due on October 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	0	0	0
Line of credit facility remaining borrowing capacity		99,700,000	99,700,000	99,700,000	99,700,000
Weighted average borrowings amount		0	$ 6,500,000	$ 9,800,000	$ 9,800,000
Weighted average interest rate			2%		2.79%
Letter of Credit
Debt Instrument [Line Items]
Credit facility matures date				May 31, 2023
Outstanding borrowing amount		$ 300,000	$ 300,000	$ 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	2		2
Number of foreign subsidiaries under guaranteed obligation | Subsidiary		2	2	2	2	2		2
Guaranteed obligations to third parties		$ 1,200,000	$ 1,300,000	$ 1,200,000	$ 1,300,000
Restricted deposit relates to lease agreement		$ 600,000	$ 600,000	$ 600,000	$ 600,000
Swingline | Secured Debt | Credit Agreement Due on October 28, 2026
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	25,000,000
Swiss Borrower | 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	6 Months Ended
	Jul. 31, 2022 USD ($)	Jul. 31, 2022 USD ($)	Jul. 31, 2022 EUR (€)	Jul. 31, 2022 CNY (¥)	Jul. 31, 2022 CHF (SFr)	Jul. 31, 2022 USD ($)	Jul. 31, 2022 GBP (£)	Jan. 31, 2022 USD ($)	Jul. 31, 2021 USD ($)
Derivatives Fair Value [Line Items]
Deferred gain, net of taxes, on derivative financial instruments designated as cash flow hedges included in accumulated other comprehensive income						$ 1,100,000		$ 200,000	$ 0
Reclassify amounts from accumulated other comprehensive income to net sales	$ 900,000	$ 1,000,000
Cash flow hedges									$ 0
Cash flow hedge ineffectiveness	$ 0	$ 0
Derivatives Designated As Hedging Instruments | Foreign Exchange Forward
Derivatives Fair Value [Line Items]
Net forward contracts hedging portfolio | €			€ 23
Derivatives Not Designated as Hedging Instrument | Foreign Exchange Forward
Derivatives Fair Value [Line Items]
Net forward contracts hedging portfolio			€ 22.8	¥ 19.8	SFr 32	$ 19,000,000	£ 1.5
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		Jan. 19, 2023

Derivative Financial Instrume_4

Derivative Financial Instruments - Schedule of Derivative Financial Instruments Included in Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Jan. 31, 2022	Jul. 31, 2021
Derivatives Designated As Hedging Instruments
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair Value	$ 1,487	$ 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	1,487	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	199	43	$ 140
Liability Derivatives, Fair Value	263	140
Derivatives Not Designated as Hedging Instrument | Other Current Assets | Foreign Exchange Contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair Value	199	43	$ 140
Derivatives Not Designated as Hedging Instrument | Accrued Liabilities | Foreign Exchange Contracts
Derivatives, Fair Value [Line Items]
Liability Derivatives, Fair Value	$ 263	$ 140

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Jul. 31, 2022	Jan. 31, 2022	Jul. 31, 2021
Assets:
Total assets measured at fair value	$ 74,832	$ 77,739	$ 77,350
Liabilities:
Total liabilities measured at fair value	44,829	47,431	47,886
Level 1
Assets:
Total assets measured at fair value	45,789	48,446	49,153
Liabilities:
Total liabilities measured at fair value	44,566	47,261	47,886
Level 2
Assets:
Total assets measured at fair value	1,686	197	140
Liabilities:
Total liabilities measured at fair value	263	170	0
Level 3
Assets:
Total assets measured at fair value	27,357	29,096	28,057
Liabilities:
Total liabilities measured at fair value	0	0	0
Other Current Assets | Available-for-sale securities
Assets:
Total assets measured at fair value	230	249	218
Other Current Assets | Short-term investment
Assets:
Total assets measured at fair value	163	164	167
Other Current Assets | Hedge derivatives-Assets
Assets:
Total assets measured at fair value	1,686	197	140
Other Current Assets | Level 1 | Available-for-sale securities
Assets:
Total assets measured at fair value	230	249	218
Other Current Assets | Level 1 | Short-term investment
Assets:
Total assets measured at fair value	163	164	167
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	1,686	197	140
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	830	772	882
Other Non-current Assets | SERP assets - employee
Assets:
Total assets measured at fair value	44,566	47,261	47,886
Other Non-current Assets | Defined Benefit Plan Assets
Assets:
Total assets measured at fair value	27,357	29,096
Other Non-current Assets | Level 1 | SERP assets - employer
Assets:
Total assets measured at fair value	830	772	882
Other Non-current Assets | Level 1 | SERP assets - employee
Assets:
Total assets measured at fair value	44,566	47,261	47,886
Other Non-current Assets | Level 1 | Defined Benefit Plan Assets
Assets:
Total assets measured at fair value		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
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	27,357	29,096
Other non-current liabilities | SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	44,566	47,261	47,886
Other non-current liabilities | Defined Benefit Plan Assets
Assets:
Total assets measured at fair value			28,057
Other non-current liabilities | Level 1 | SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	44,566	47,261	47,886
Other non-current liabilities | Level 1 | Defined Benefit Plan Assets
Assets:
Total assets measured at fair value	0		0
Other non-current liabilities | Level 2 | SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	0	0	0
Other non-current liabilities | Level 2 | Defined Benefit Plan Assets
Assets:
Total assets measured at fair value	0		0
Other non-current liabilities | Level 3 | SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	0	0	0
Other non-current liabilities | Level 3 | Defined Benefit Plan Assets
Assets:
Total assets measured at fair value			$ 28,057
Accrued Liabilities | Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	263	170
Accrued Liabilities | Level 1 | Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	0	0
Accrued Liabilities | Level 2 | Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	263	170
Accrued Liabilities | Level 3 | Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	$ 0	$ 0

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jul. 31, 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	$ 2,300,000	$ 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		1 Months Ended	6 Months Ended	12 Months Ended
	Oct. 01, 2018 USD ($) ContingentPayment	Dec. 31, 2016 USD ($)	Jul. 31, 2022 USD ($)	Jan. 31, 2022 USD ($)	Jan. 31, 2020 USD ($)
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			$ 2,300	$ 2,000
Called upon satisfy capital calls in respect of commitment			$ 17,200
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, 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
Business acquisition, liability					$ 0
MVMT Watches, Inc. | Maximum
Loss Contingencies [Line Items]
Business acquisition, additional purchase price future contingent payments before tax benefits	$ 100,000

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Income Tax Contingency [Line Items]
Income tax provision (benefit)	$ 6,418,000	$ 5,315,000	$ 12,429,000	$ 8,645,000
Effective tax rate for continuing operations	20.90%	21.50%	22.20%	22.90%
Deferred tax liability, undistributed foreign earnings	$ 0		$ 0
Undistributed foreign earnings	$ 215,900,000		$ 215,900,000

Equity - Components of Equity (

Equity - Components of Equity (Details) - USD ($) $ in Thousands			3 Months Ended				6 Months Ended
		Feb. 05, 2021	Jul. 31, 2022	Apr. 30, 2022	Jul. 31, 2021	Apr. 30, 2021	Jul. 31, 2022	Jul. 31, 2021
Beginning Balance				$ 474,775		$ 427,334	$ 474,775	$ 427,334
Beginning Balance				2,311			2,311
Net income/(loss) attributable to Movado Group, Inc.							43,329	29,243
Dividends		$ (2,300)	$ (7,900)	(7,900)	$ (4,700)	(4,600)	(15,797)	(9,298)
Stock options exercised							(405)	(1,030)
Stock repurchase							(21,539)	(9,975)
Supplemental executive retirement plan							63	57
Stock-based compensation expense							2,761	2,784
Net unrealized gain (loss) on investments, net of tax (benefit) provision			(9)		(16)		(14)	25
Net change in effective portion of hedging contracts, net of tax provision							946
Amortization of prior service cost, net of tax provision			14		15		28	29
Foreign currency translation adjustment	[1]						(10,596)	(2,210)
Ending Balance			473,551		436,959		473,551	436,959
Ending Balance			2,305		2,443		2,305	2,443
Common Stock | Common Stock Class Undefined
Beginning Balance	[2]			286		281	286	281
Stock options exercised	[2]						1	3
Ending Balance	[2]		287		284		287	284
Common Stock | Class A Common Stock
Beginning Balance	[3]			65		65	65	65
Ending Balance	[3]		65		65		65	65
Capital in Excess of Par Value
Beginning Balance				222,615		214,043	222,615	214,043
Stock options exercised							717	621
Supplemental executive retirement plan							63	57
Stock-based compensation expense							2,761	2,784
Ending Balance			226,156		217,505		226,156	217,505
Retained Earnings
Beginning Balance				413,587		341,641	413,587	341,641
Net income/(loss) attributable to Movado Group, Inc.							42,516	28,819
Dividends							(15,797)	(9,298)
Ending Balance			440,306		361,162		440,306	361,162
Accumulated Other Comprehensive Income
Beginning Balance				85,295		92,540	85,295	92,540
Net unrealized gain (loss) on investments, net of tax (benefit) provision							(14)	25
Net change in effective portion of hedging contracts, net of tax provision							946
Amortization of prior service cost, net of tax provision							28	29
Foreign currency translation adjustment	[1]						(10,531)	(2,108)
Ending Balance			75,724		90,486		75,724	90,486
Treasury Stock
Beginning Balance				(249,040)		(223,306)	(249,040)	(223,306)
Stock options exercised							(1,123)	(1,654)
Stock repurchase							(21,539)	(9,975)
Ending Balance			(271,702)		(234,935)		(271,702)	(234,935)
Noncontrolling Interest
Beginning Balance				1,967		2,070	1,967	2,070
Net income/(loss) attributable to Movado Group, Inc.							813	424
Foreign currency translation adjustment	[1]						(65)	(102)
Ending Balance			2,715		2,392		2,715	2,392
Redeemable Noncontrolling Interest
Beginning Balance				$ 2,311		$ 2,600	2,311	2,600
Net income/(loss) attributable to Movado Group, Inc.							262	(91)
Foreign currency translation adjustment	[1]						(268)	(66)
Ending Balance			$ 2,305		$ 2,443		$ 2,305	$ 2,443
[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. Each share of common stock is entitled to one vote per share on all matters submitted to a vote of the shareholders. 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					3 Months Ended		6 Months Ended
	Mar. 26, 2022	Mar. 24, 2022	May 27, 2021	Mar. 25, 2021	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Dividends per share	$ 0.35	$ 0.35	$ 0.20	$ 0.20			$ 0.70	$ 0.40
Net unrealized gain (loss) on investments, tax provision/(benefit)					$ (3)	$ (6)	$ (5)	$ 8
Net change in effective portion of hedging contracts, tax provision							187
Amortization of prior service cost, tax provision					$ 4	$ 4	$ 8	$ 8
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 ($)	6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Nov. 23, 2021	Mar. 25, 2021
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, total cost of shares repurchased	$ 21,539,000	$ 9,975,000
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		$ 10,000,000
Stock repurchase program, number of shares repurchased		334,000
Stock repurchase program, average per share price of shares repurchased		$ 29.87
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			$ 30,900,000
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	$ 21,500,000
Stock repurchase program, number of shares repurchased	586,582
Stock repurchase program, average per share price of shares repurchased	$ 36.72

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income - Component of Accumulated Other Comprehensive Income/(loss) (Details) - USD ($) $ in Thousands	Jul. 31, 2022	Jan. 31, 2022	Jul. 31, 2021
Accumulated Other Comprehensive Income Loss [Line Items]
Foreign currency translation adjustments	$ 74,194	$ 84,725	$ 91,058
Available-for-sale securities	158	172	149
Hedging contracts	1,140	194	0
Total accumulated other comprehensive income	75,724	85,295	90,486
Unrecognized Prior Service Cost
Accumulated Other Comprehensive Income Loss [Line Items]
Defined benefit pension plan	(259)	(287)	(315)
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 ($)	6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Amount reclassified from accumulated other comprehensive income/(loss)	$ 1,000,000	$ 0

Revenue - Summary of Net Sales

Revenue - Summary of Net Sales Disaggregated by Customer Type (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Disaggregation Of Revenue [Line Items]
Net sales	$ 182,804	$ 173,874	$ 346,228	$ 308,672
Wholesale
Disaggregation Of Revenue [Line Items]
Net sales	137,346	115,586	265,963	214,989
Direct to consumer
Disaggregation Of Revenue [Line Items]
Net sales	44,592	57,278	78,340	91,964
After-sales service
Disaggregation Of Revenue [Line Items]
Net sales	$ 866	$ 1,010	$ 1,925	$ 1,719

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
	Apr. 04, 2013	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense		$ 0.6	$ 0.4	$ 1.1	$ 0.7
Cash received for stock option exercises				$ 0.7	$ 0.6
Common stock tendered by employee for withholding tax obligation				28,405	54,720
Employee's withholding tax obligation				$ 1.1	$ 1.7
Unrecognized compensation cost related to unvested stock options		3.9		$ 3.9
Weighted-average period				2 years
Fair value of stock options exercised				$ 0.3
Intrinsic value of stock options exercised				0.3
Stock Award Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense		0.8	$ 0.9	$ 1.7	$ 2.1
Weighted-average period				2 years 1 month 6 days
Unrecognized compensation cost		$ 5.2		$ 5.2
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%
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%
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	6 Months Ended
	Jul. 31, 2022	Jul. 31, 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%	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	6 Months Ended	12 Months Ended
	Jul. 31, 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	854,087
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	21.73
Option Price Per Share, Granted	$ 38.04
Options outstanding, Weighted Average Remaining Contractual Term (years)	7 years 6 months	7 years 6 months
Exercisable, Weighted Average Remaining Contractual Term (years)	3 years
Expected to vest, Weighted Average Remaining Contractual Term (years)	8 years 6 months
Options outstanding, Aggregate Intrinsic Value	$ 12,432	$ 15,441
Exercisable, Aggregate Intrinsic Value	1,053
Expected to vest, Aggregate Intrinsic Value	$ 11,036
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	Jul. 31, 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	6 Months Ended
	Jul. 31, 2022 USD ($) $ / shares shares
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	(2,914)
Stock Award Units, Ending Balance | shares	294,552
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	24.11
Weighted Average Grant Date Fair Value Ending Balance | $ / shares	$ 28.81
Weighted-Average Remaining Contractual Term (years)
Units outstanding, Weighted-Average Remaining Contractual Term (years)	2 years 2 months 12 days
Aggregate Intrinsic Value
Units outstanding, Aggregate Intrinsic Value | $	$ 10,009

Segment and Geographic Inform_3

Segment and Geographic Information - Additional Information (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2022 USD ($)	Jul. 31, 2021 USD ($)	Jul. 31, 2022 USD ($) Location Segment	Jul. 31, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | Segment			2
Number of geographic locations | Location			2
Net sales	$ 182,804	$ 173,874	$ 346,228	$ 308,672
Intersegment Eliminations
Segment Reporting Information [Line Items]
Net sales	$ 101,200	$ 90,700	$ 197,400	$ 160,400
Geographic Concentration Risk | Europe | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	31.20%	33.40%	32.50%	31.40%
Geographic Concentration Risk | Middle East | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	10.60%	8.20%	10.40%	8.30%
Geographic Concentration Risk | Americas (excluding the United States) | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	9.40%	4.40%	8.90%	6.30%
Geographic Concentration Risk | Asia | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	4.60%	4.80%	4.60%	5%

Segment and Geographic Inform_4

Segment and Geographic Information - Operating Segment Data (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021	Jan. 31, 2022
Operating segment data
Net sales		$ 182,804	$ 173,874	$ 346,228	$ 308,672
Operating Income	[1]	30,657	24,633	55,951	37,889
Total Assets		766,136	710,898	766,136	710,898	$ 761,160
Watch and Accessory Brands
Operating segment data
Net sales		154,303	146,179	297,671	262,458
Operating Income	[1]	23,372	15,718	44,919	24,503
Total Assets		699,060	651,495	699,060	651,495	701,986
Watch and Accessory Brands | Owned brands category
Operating segment data
Net sales		56,694	60,902	109,864	109,273
Watch and Accessory Brands | Licensed brands category
Operating segment data
Net sales		96,536	84,077	185,376	151,703
Watch and Accessory Brands | After-sales service and all other
Operating segment data
Net sales		1,073	1,200	2,431	1,482
Company Stores
Operating segment data
Net sales		28,501	27,695	48,557	46,214
Operating Income	[1]	7,285	8,915	11,032	13,386
Total Assets		$ 67,076	$ 59,403	$ 67,076	$ 59,403	$ 59,174
[1] For the three months ended July 31, 2022 and 2021, and for the six months ended July 31, 2022 and 2021, in the United States locations of the Watch and Accessory Brands segment, operating income included a charge of $ 0.1 million, $ 0.1 million, $ 0.2 million and $ 0.2 million, respectively, 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 the three months ended July 31, 2022 and 2021, and for the six months ended July 31, 2022 and 2021 operating income included a charge of $ 0.6 million, $ 0.7 million, $ 1.3 million and $ 1.4 million, respectively, related to the amortization of acquired intangible assets as a result of the Company’s acquisition of the Olivia Burton brand.

Segment and Geographic Inform_5

Segment and Geographic Information - Geographic Location Data (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021	Jan. 31, 2022
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales		$ 182,804	$ 173,874	$ 346,228	$ 308,672
Operating Income	[1]	30,657	24,633	55,951	37,889
Total Assets		766,136	710,898	766,136	710,898	$ 761,160
Property, Plant and Equipment, Net		17,956	19,656	17,956	19,656	19,470
United States
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	[2]	80,866	85,487	151,089	151,380
Operating Income	[1],[2]	4,011	8,820	4,559	9,579
Total Assets		440,650	350,187	440,650	350,187	352,806
Property, Plant and Equipment, Net		12,617	13,014	12,617	13,014	13,246
International
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	[3]	101,938	88,387	195,139	157,292
Operating Income	[1],[3]	26,646	15,813	51,392	28,310
Total Assets		325,486	360,711	325,486	360,711	408,354
Property, Plant and Equipment, Net		$ 5,339	$ 6,642	$ 5,339	$ 6,642	$ 6,224
[1] For the three months ended July 31, 2022 and 2021, and for the six months ended July 31, 2022 and 2021, in the United States locations of the Watch and Accessory Brands segment, operating income included a charge of $ 0.1 million, $ 0.1 million, $ 0.2 million and $ 0.2 million, respectively, 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 the three months ended July 31, 2022 and 2021, and for the six months ended July 31, 2022 and 2021 operating income included a charge of $ 0.6 million, $ 0.7 million, $ 1.3 million and $ 1.4 million, respectively, related to the amortization of acquired intangible assets as a result of the Company’s acquisition of the Olivia Burton brand. The United States operating income included $ 12.5 million and $ 13.0 million of unallocated corporate expenses for the three months ended July 31, 2022 and 2021, respectively. The United States operating income included $ 26.0 million and $ 21.9 million of unallocated corporate expenses for the six months ended July 31, 2022 and 2021, respectively. The International operating income included $ 18.8 million and $ 16.9 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended July 31, 2022 and 2021, respectively. The International operating income included $ 37.9 million and $ 30.8 million of certain intercompany profits related to the Company’s supply chain operations for the six months ended July 31, 2022 and 2021, respectively.

Segment and Geographic Inform_6

Segment and Geographic Information - Geographic Location Data (Parenthetical) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
United States
Segment Reporting Information [Line Items]
Unallocated corporate expenses	$ 12.5	$ 13	$ 26	$ 21.9
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	0.2	0.2
International
Segment Reporting Information [Line Items]
Profits related to the company's supply chain operations	18.8	16.9	37.9	30.8
International | Watch and Accessory Brands | Olivia Burton Band
Segment Reporting Information [Line Items]
Charge related to the amortization of intangible assets	$ 0.6	$ 0.7	$ 1.3	$ 1.4