Movado (MOV) 10-Q 27 Aug 15 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 31, 2015	Aug. 20, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Entity Filer Category	Large Accelerated Filer
Document Period End Date	Jul. 31, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	MOV
Entity Registrant Name	MOVADO GROUP INC
Entity Central Index Key	72,573
Current Fiscal Year End Date	--01-31
Common Stock Class Undefined
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		16,554,358
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		6,644,105

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands		Jul. 31, 2015	Jan. 31, 2015	Jul. 31, 2014
Current assets:
Cash and cash equivalents		$ 188,012	$ 199,852	$ 169,649
Trade receivables		80,818	74,106	91,214
Inventories		188,515	170,788	195,331
Other current assets		37,962	40,532	41,018
Total current assets		495,307	485,278	497,212
Property, plant and equipment, net		42,723	46,673	46,141
Deferred income taxes		13,625	13,550	14,604
Other non-current assets		38,356	37,522	33,486
Total assets		590,011	583,023	591,443
Current liabilities:
Accounts payable		31,687	27,767	37,604
Accrued liabilities		38,182	30,933	40,334
Deferred and current income taxes payable		1,703	7,372	4,819
Total current liabilities		71,572	66,072	82,757
Loans payable to bank		40,000
Deferred and non-current income taxes payable		3,002	3,470	3,360
Other non-current liabilities		30,353	29,196	28,063
Total liabilities		$ 144,927	$ 98,738	$ 114,180
Commitments and contingencies (Note 7)
Equity:
Preferred Stock, $0.01 par value, 5,000,000 shares authorized; no shares issued
Capital in excess of par value		$ 178,251	$ 174,826	$ 171,424
Retained earnings		368,441	358,006	330,791
Accumulated other comprehensive income		85,544	98,854	103,075
Treasury Stock, 10,278,463, 8,784,497 and 8,143,597 shares, respectively, at cost		(189,576)	(149,811)	(131,112)
Total Movado Group, Inc. shareholders' equity		442,995	482,209	474,512
Noncontrolling interests		2,089	2,076	2,751
Total equity		445,084	484,285	477,263
Total liabilities and equity		590,011	583,023	591,443
Common Stock Class Undefined
Equity:
Common Stock		269	268	268
Class A Common Stock
Equity:
Common Stock		66	66	66
Total equity	[1]	$ 66	$ 66	$ 66
[1]	Each share of class A common stock is entitled to 10 votes per share on all matters submitted to a vote of the shareholders. Each holder of class A common stock is entitled to convert, at any time, any and all of such shares into the same number of shares of common stock. Each share of class A common stock is converted automatically into common stock in the event that the beneficial or record ownership of such shares of class A common stock is transferred to any person, except to certain family members or affiliated persons deemed “permitted transferees” pursuant to the Company’s Restated Certificate of Incorporation as amended. The class A common stock is not publicly traded and consequently, there is currently no established public trading market for these shares.

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (Unaudited) (PARENTHETICAL) - $ / shares	Jul. 31, 2015	Jan. 31, 2015	Jul. 31, 2014
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	10,278,463	8,784,497	8,143,597
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	26,941,855	26,849,080	26,835,876
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	6,644,105	6,642,184	6,642,184
Common Stock, shares outstanding	6,644,105	6,642,184	6,642,184

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Income Statement [Abstract]
Net sales	$ 145,569	$ 143,591	$ 266,030	$ 264,512
Cost of sales	66,531	65,985	124,543	121,755
Gross profit	79,038	77,606	141,487	142,757
Selling, general, and administrative	60,804	60,438	116,378	114,668
Operating income	18,234	17,168	25,109	28,089
Interest expense	(256)	(100)	(408)	(194)
Interest income	35	11	88	46
Income before income taxes	18,013	17,079	24,789	27,941
Provision for income taxes (Note 8)	6,080	4,909	9,216	8,342
Net income	11,933	12,170	15,573	19,599
Less: Net (loss) / income attributed to noncontrolling interests	(120)	19	(101)	83
Net income attributed to Movado Group, Inc.	$ 12,053	$ 12,151	$ 15,674	$ 19,516
Basic income per share:
Weighted basic average shares outstanding	23,644	25,384	23,956	25,355
Net income per share attributed to Movado Group, Inc.	$ 0.51	$ 0.48	$ 0.65	$ 0.77
Diluted income per share:
Weighted diluted average shares outstanding	23,904	25,674	24,230	25,685
Net income per share attributed to Movado Group, Inc.	$ 0.50	$ 0.47	$ 0.65	$ 0.76
Dividends declared per share	$ 0.11	$ 0.10	$ 0.22	$ 0.20

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015		Jul. 31, 2014
Comprehensive income, net of taxes:
Net income including noncontrolling interests	$ 11,933,000	$ 12,170,000	$ 15,573,000		$ 19,599,000
Net unrealized gain / (loss) on investments, net of tax of $3, $0, $7 and $39, respectively	5,000	(1,000)	15,000		69,000
Gain on available-for-sale securities, net of tax benefit of $0, $50, $0 and $50, respectively		(81,000)			(81,000)
Net change in effective portion of hedging contracts, net of tax of $100, $0, $0 and $0, respectively	504,000		(4,000)		0
Foreign currency translation adjustments	(10,070,000)	(8,764,000)	(13,207,000)	[1]	(633,000)	[1]
Comprehensive income including noncontrolling interests	2,372,000	3,324,000	2,377,000		18,954,000
Less: Comprehensive (loss) / income attributable to noncontrolling interests	(4,000)	(70,000)	13,000		65,000
Total comprehensive income attributable to Movado Group, Inc.	$ 2,376,000	$ 3,394,000	$ 2,364,000		$ 18,889,000
[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.

CONSOLIDATED STATEMENTS OF COM6

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (PARENTHETICAL) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Statement Of Income And Comprehensive Income [Abstract]
Net unrealized gain / (loss) on investments, tax	$ 3	$ 0	$ 7	$ 39
Gain on available-for-sale securities, tax benefit	0	50	0	50
Net change in effective portion of hedging contracts, tax	$ 100	$ 0	$ 0	$ 0

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands		6 Months Ended
		Jul. 31, 2015	Jul. 31, 2014
Cash flows from operating activities:
Net income including noncontrolling interests		$ 15,573	$ 19,599
Adjustments to reconcile net income to net cash provided by / (used in) operating activities:
Depreciation and amortization		6,131	6,097
Transactional (gains) / losses		(1,178)	1,077
Write-down of inventories		798	872
Deferred income taxes		376	137
Stock-based compensation		3,100	2,612
Excess tax benefit from stock-based compensation		(42)	(1,204)
Gain on available-for-sale securities			(131)
Operating efficiency initiatives and other items	[1]	2,670
Loss on disposal of fixed assets		310
Changes in assets and liabilities:
Trade receivables		(7,192)	(22,450)
Inventories		(21,948)	(15,158)
Other current assets		(101)	1,444
Accounts payable		4,329	4,086
Accrued liabilities		5,247	(2,363)
Income taxes payable		(6,083)	124
Other non-current assets		(645)	(2,977)
Other non-current liabilities		1,229	2,556
Net cash provided by / (used in) operating activities		2,574	(5,679)
Cash flows from investing activities:
Capital expenditures		(3,668)	(4,294)
Proceeds from short-term investments			33,736
Proceeds from available-for-sale securities			307
Trademarks		(138)	(32)
Net cash (used in) / provided by investing activities		(3,806)	29,717
Cash flows from financing activities:
Proceeds from bank borrowings		50,000
Repayments of bank borrowings		(10,000)
Stock options exercised and other changes		(489)	108
Excess tax benefit from stock-based compensation		42	1,204
Dividends paid		(5,239)	(5,059)
Stock repurchase		(39,129)	(7,684)
Net cash (used in) financing activities		(4,815)	(11,431)
Effect of exchange rate changes on cash and cash equivalents		(5,793)	(617)
Net (decrease) / increase in cash and cash equivalents		(11,840)	11,990
Cash and cash equivalents at beginning of period		199,852	157,659
Cash and cash equivalents at end of period		$ 188,012	$ 169,649
[1]	This pre-tax charge was the net of a $0.9 million transfer of the provision related to severance agreements and a charge of $3.6 million in the United States and International locations of the Wholesale segment, respectively.

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jul. 31, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	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, 2015 (the “2015 Annual Report on Form 10-K”). 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, 2015 is derived from the audited annual financial statements, which are included in the Company’s 2015 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.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jul. 31, 2015
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Fair Value Measurements	NOTE 1 – 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 following tables present the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis (in thousands) as of July 31, 2015 and 2014 and January 31, 2015: Fair Value at July 31, 2015 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 331 $ — $ — $ 331 SERP assets - employer Other non-current assets 1,667 — — 1,667 SERP assets - employee Other non-current assets 26,107 — — 26,107 Hedge derivatives Other current assets — 103 — 103 Total $ 28,105 $ 103 $ — $ 28,208 Liabilities: SERP liabilities - employee Other non-current liabilities $ 26,107 $ — $ — $ 26,107 Hedge derivatives Accrued liabilities — 645 — 645 Total $ 26,107 $ 645 $ — $ 26,752 Fair Value at January 31, 2015 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 314 $ — $ — $ 314 Long-term investment Other non-current assets — — 1,240 1,240 SERP assets - employer Other non-current assets 1,351 — — 1,351 SERP assets - employee Other non-current assets 24,811 — — 24,811 Hedge derivatives Other current assets — 1,298 — 1,298 Total $ 26,476 $ 1,298 $ 1,240 $ 29,014 Liabilities: SERP liabilities - employee Other non-current liabilities $ 24,811 $ — $ — $ 24,811 Hedge derivatives Accrued liabilities — 71 — 71 Total $ 24,811 $ 71 $ — $ 24,882 Fair Value at July 31, 2014 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 377 $ — $ — $ 377 SERP assets - employer Other non-current assets 1,521 — — 1,521 SERP assets - employee Other non-current assets 23,382 — — 23,382 Hedge derivatives Other current assets — 1 — 1 Total $ 25,280 $ 1 $ — $ 25,281 Liabilities: SERP liabilities - employee Other non-current liabilities $ 23,382 $ — $ — $ 23,382 Hedge derivatives Accrued liabilities — 829 — 829 Total $ 23,382 $ 829 $ — $ 24,211 The fair values of the Company’s available-for-sale securities are based on quoted prices. The fair value of the long-term investment at January 31, 2015 is based on the purchase price plus eight percent calculated annually. During the three months ended July 31, 2015, this investment converted to common and preferred shares of a privately held company, accounted for under the cost method, with a carrying value of $1.3 million. This investment will be tested quarterly for any impairment. During the three months ended July 31, 2015 no impairment was recorded for this investment. Time deposits are classified as short-term investments and held to original maturity. The assets related to the Company’s defined contribution supplemental executive retirement plan (“SERP”) consist of both employer (employee unvested) and employee assets which are invested in investment funds with fair values calculated based on quoted market prices. The SERP liability represents the Company’s liability to the employees in the plan for their vested balances. The hedge derivatives are entered into by the Company principally to reduce its exposure to Swiss franc and Euro currency exchange rate risk. Fair values of the Company’s hedge derivatives are calculated based on quoted foreign exchange rates, quoted interest rates and market volatility factors.

Equity

Equity	6 Months Ended
	Jul. 31, 2015
Equity [Abstract]
Equity	NOTE 2 – EQUITY The components of equity for the six months ended July 31, 2015 and 2014 are as follows (in thousands): Movado Group, Inc. Shareholders' Equity Common Stock Class Capital in Excess Par Retained Earnings Treasury Stock Accumulated Other Comprehensive Income Noncontrolling Interests Total Balance, January 31, 2015 $ 268 $ 66 $ 174,826 $ 358,006 $ (149,811 ) $ 98,854 $ 2,076 $ 484,285 Net income 15,674 (101 ) 15,573 Dividends (5,239 ) (5,239 ) Stock repurchase (39,129 ) (39,129 ) Stock options exercised, net of tax benefit of $42 1 188 (636 ) (447 ) Supplemental executive retirement plan 137 137 Stock-based compensation expense 3,100 3,100 Net unrealized gain on investments, net of tax of $7 15 15 Net change in effective portion of hedging contracts, net of tax of $0 (4 ) (4 ) Foreign currency translation adjustment (3) (13,321 ) 114 (13,207 ) Balance, July 31, 2015 $ 269 $ 66 $ 178,251 $ 368,441 $ (189,576 ) $ 85,544 $ 2,089 $ 445,084 Common Stock Class Capital in Excess Par Retained Earnings Treasury Stock Accumulated Other Comprehensive Income Noncontrolling Interests Total Balance, January 31, 2014 $ 266 $ 66 $ 165,342 $ 316,334 $ (122,406 ) $ 103,702 $ 2,686 $ 465,990 Net income 19,516 83 19,599 Dividends (5,059 ) (5,059 ) Stock repurchase (7,684 ) (7,684 ) Stock options exercised, net of tax benefit of $1,204 2 2,717 (1,407 ) 1,312 Supplemental executive retirement plan 82 82 Stock-based compensation expense 2,612 2,612 Net unrealized gain on investments, net of tax of $39 69 69 Stock donation 671 385 1,056 Gain on available-for-sale securities, net of tax benefit of $50 (81 ) (81 ) Foreign currency translation adjustment (3) (615 ) (18 ) (633 ) Balance, July 31, 2014 $ 268 $ 66 $ 171,424 $ 330,791 $ (131,112 ) $ 103,075 $ 2,751 $ 477,263 (1) Each share of common stock is entitled to one vote per share. (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.

Segment Information

Segment Information	6 Months Ended
	Jul. 31, 2015
Segment Reporting [Abstract]
Segment Information	NOTE 3 – SEGMENT INFORMATION The Company follows accounting guidance related to disclosures about segments of an enterprise and related information. This guidance requires disclosure of segment data based on how management makes decisions about allocating resources to segments and measuring their performance. The Company conducts its business in two operating segments: Wholesale and Retail. The Company’s Wholesale segment includes the designing, manufacturing and distribution of watches of quality luxury brands or licensed brands, in addition to revenue generated from after-sales service activities and shipping. The Retail segment includes the Company’s outlet stores. The Company divides its business into two major geographic locations: United States operations, and International, which includes the results of all other Company operations. The allocation of geographic revenue is based upon the location of the customer. The Company’s International operations in Europe, the Americas (excluding the United States), the Middle East and Asia accounted for 19.8%, 11.9%, 7.7% and 6.5%, respectively, of the Company’s total net sales for the three months ended July 31, 2015. For the three months ended July 31, 2014, the Company’s International operations in Europe, the Americas (excluding the United States), the Middle East and Asia accounted for 18.9%, 11.6%, 8.1% and 7.0%, respectively, of the Company’s total net sales. The Company’s International operations in Europe, the Americas (excluding the United States), the Middle East and Asia accounted for 19.9%, 11.6%, 7.6% and 7.0%, respectively, of the Company’s total net sales for the six months ended July 31, 2015. For the six months ended July 31, 2014, the Company’s International operations in Europe, the Americas (excluding the United States), the Middle East and Asia accounted for 18.9%, 11.4%, 8.5% and 8.1%, respectively, of the Company’s total net sales. Substantially all of the Company’s International assets are located in Switzerland and Hong Kong. Operating Segment Data for the Three Months Ended July 31, 2015 and 2014 (in thousands): Net Sales 2015 2014 Wholesale: Luxury brands category $ 52,109 $ 50,624 Licensed brands category 74,374 73,796 After-sales service and all other 3,272 3,423 Total Wholesale 129,755 127,843 Retail 15,814 15,748 Consolidated total $ 145,569 $ 143,591 Operating Income 2015 2014 Wholesale $ 14,869 $ 13,809 Retail 3,365 3,359 Consolidated total $ 18,234 $ 17,168 Operating Segment Data for the Six Months Ended July 31, 2015 and 2014 (in thousands): Net Sales 2015 2014 Wholesale: Luxury brands category $ 97,012 $ 94,844 Licensed brands category 135,216 135,526 After-sales service and all other 7,124 7,157 Total Wholesale 239,352 237,527 Retail 26,678 26,985 Consolidated total $ 266,030 $ 264,512 Operating Income 2015 2014 Wholesale $ 20,794 $ 23,184 Retail 4,315 4,905 Consolidated total $ 25,109 $ 28,089 Total Assets July 31, 2015 January 31, 2015 July 31, 2014 Wholesale $ 568,680 $ 562,462 $ 569,898 Retail 21,331 20,561 21,545 Consolidated total $ 590,011 $ 583,023 $ 591,443 Geographic Location Data for the Three Months Ended July 31, 2015 and 2014 (in thousands): Net Sales Operating Income 2015 2014 2015 2014 United States (1) $ 78,772 $ 78,128 $ 7,948 $ 5,254 International (2) 66,797 65,463 10,286 11,914 Consolidated total $ 145,569 $ 143,591 $ 18,234 $ 17,168 United States and International net sales are net of intercompany sales of $76.7 million and $85.6 million for the three months ended July 31, 2015 and 2014, respectively. Geographic Location Data for the Six Months Ended July 31, 2015 and 2014 (in thousands): Net Sales Operating Income 2015 2014 2015 2014 United States (1) $ 143,356 $ 140,407 $ 10,377 $ 4,410 International (2) 122,674 124,105 14,732 23,679 Consolidated total $ 266,030 $ 264,512 $ 25,109 $ 28,089 United States and International net sales are net of intercompany sales of $158.2 million and $150.3 million for the six months ended July 31, 2015 and 2014, respectively. (1) The United States operating income included $9.5 million and $5.9 million of unallocated corporate expenses for the three months ended July 31, 2015 and 2014. The United States operating income included $16.6 million and $12.9 million of unallocated corporate expenses for the six months ended July 31, 2015 and 2014. (2) The International operating income included $10.9 million and $10.6 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended July 31, 2015 and 2014. The International operating income included $19.7 million and $20.1 million of certain intercompany profits related to the Company’s supply chain operations for the six months ended July 31, 2015 and 2014. Total Assets July 31, 2015 January 31, 2015 July 31, 2014 United States $ 230,209 $ 209,660 $ 237,558 International 359,802 373,363 353,885 Consolidated total $ 590,011 $ 583,023 $ 591,443 Property, Plant and Equipment, Net July 31, 2015 January 31, 2015 July 31, 2014 United States $ 25,052 $ 25,950 $ 25,169 International 17,671 20,723 20,972 Consolidated total $ 42,723 $ 46,673 $ 46,141

Inventories

Inventories	6 Months Ended
	Jul. 31, 2015
Inventory Disclosure [Abstract]
Inventories	NOTE 4 – INVENTORIES Inventories consisted of the following (in thousands): July 31, 2015 January 31, 2015 July 31, 2014 Finished goods $ 135,112 $ 115,435 $ 133,965 Component parts 48,505 49,790 54,533 Work-in-process 4,898 5,563 6,833 $ 188,515 $ 170,788 $ 195,331

Debt and Lines of Credit

Debt and Lines of Credit	6 Months Ended
	Jul. 31, 2015
Debt Disclosure [Abstract]
Debt and Lines of Credit	NOTE 5 – DEBT AND LINES OF CREDIT On January 30, 2015, the Company, together with Movado Group Delaware Holdings Corporation, Movado Retail Group, Inc. and Movado LLC (together with the Company, the “Borrowers”), each a wholly-owned domestic subsidiary of the Company, entered into a Credit Agreement (the “Credit Agreement”) with the lenders party thereto and Bank of America, N.A. as administrative agent (in such capacity, the “Agent”). The Credit Agreement provides for a $100.0 million senior secured revolving credit facility (the “Facility”) including a $15.0 million letter of credit sub-facility that matures on January 30, 2020, with provisions for uncommitted increases of up to $50.0 million in the aggregate subject to customary terms and conditions. In connection with the Credit Agreement, the Borrowers also entered into a Security and Pledge Agreement dated as of January 30, 2015 in favor of the Agent (“Security Agreement”). As of July 31, 2015, $40.0 million in loans were drawn under the Facility. Additionally, approximately $3.7 million in letters of credit which were outstanding under the Borrower’s pre-existing asset-based revolving credit facility that was concurrently terminated as described below, are deemed to be issued and outstanding under the Facility. As of July 31, 2015, availability under the Facility was approximately $56.3 million. Borrowings under the Facility bear interest at rates selected periodically by the Company at LIBOR plus 1.25% per annum (subject to increases up to a maximum of 1.75% per annum based on the Company’s consolidated leverage ratio) or a base rate plus 0.25% (subject to increases up to a maximum of 0.75% per annum based on the Company’s consolidated leverage ratio). The Company has also agreed to pay certain fees and expenses and provide certain indemnities, all of which are customary for such financings. The borrowings under the Facility are joint and several obligations of the Borrowers and are also cross-guaranteed by each Borrower. In addition, pursuant to the Security Agreement, the Borrowers’ obligations under the Facility are secured by first priority liens, subject to permitted liens, on substantially all of the Borrowers’ assets other than certain excluded assets. The Security Agreement contains representations and warranties and covenants, which are customary for pledge and security agreements of this type, relating to the creation and perfection of security interests in favor of the Agent over various categories of the Company’s assets. The Credit Agreement contains affirmative and negative covenants binding on the Borrowers and their 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 Borrowers are also subject to a minimum consolidated EBITDA test of $50.0 million, measured at the end of each fiscal quarter based on the four most recent fiscal quarters and a consolidated leverage ratio covenant not to exceed 2.50 to 1.00, measured as of the last day of each fiscal quarter. As of July 31, 2015, the Company was in compliance with its covenants under the Credit Agreement. The Credit Agreement contains events of default that are customary for facilities of this type, including, but not limited to, nonpayment of principal, interest, fees and other amounts when due, failure of any representation or warranty to be true in any material respect when made or deemed made, violation of covenants, cross default with material indebtedness, material judgments, material ERISA liability, bankruptcy events, asserted or actual revocation or invalidity of the loan documents, and change of control. As of July 31, 2015, the Company classified the outstanding balance under the Facility as long-term debt as it has the intent and ability to refinance such obligations on a long-term basis. A Swiss subsidiary of the Company maintains unsecured lines of credit with an unspecified length of time with a Swiss bank. As of July 31, 2015 and 2014, these lines of credit totaled 5.0 million Swiss francs with a dollar equivalent of $5.2 million and $5.5 million, respectively. As of July 31, 2015 and 2014, there were no borrowings against these lines. As of July 31, 2015, two European banks have guaranteed obligations to third parties on behalf of two of the Company’s foreign subsidiaries in the dollar equivalent of $1.0 million in various foreign currencies.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jul. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 6 – EARNINGS PER SHARE The Company presents net income per share on a basic and diluted basis. Basic earnings per share are computed using weighted-average shares outstanding during the period. Diluted earnings per share are computed using the weighted-average number of shares outstanding adjusted for dilutive common stock equivalents. The weighted-average number of shares outstanding for basic earnings per share was approximately 23,644,000 and 25,384,000 for the three months ended July 31, 2015 and 2014, respectively. For the three months ended July 31, 2015 and 2014, the number of shares outstanding for diluted earnings per share increased by approximately 260,000 and 290,000, respectively, due to potentially dilutive common stock equivalents issuable under the Company’s stock compensation plans and SERP. For the three months ended July 31, 2015 and 2014, approximately 536,000 and 118,000, respectively, of potentially dilutive common stock equivalents were excluded from the computation of dilutive earnings per share because their effect would have been antidilutive. The weighted-average number of shares outstanding for basic earnings per share was approximately 23,956,000 and 25,355,000 for the six months ended July 31, 2015 and 2014, respectively. For the six months ended July 31, 2015 and 2014, the number of shares outstanding for diluted earnings per share increased by approximately 274,000 and 330,000, respectively, due to potentially dilutive common stock equivalents issuable under the Company’s stock compensation plans and SERP. For the six months ended July 31, 2015 and 2014, approximately 461,000 and 61,000, respectively, of potentially dilutive common stock equivalents were excluded from the computation of dilutive earnings per share because their effect would have been antidilutive.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jul. 31, 2015
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 7 – COMMITMENTS AND CONTINGENCIES As of July 31, 2015, one bank in the domestic bank group had issued four irrevocable standby letters of credit in connection with a trademark license agreement, retail and operating facility leases to various landlords and for Canadian payroll to the Royal Bank of Canada. As of July 31, 2015, the Company had outstanding letters of credit totaling $3.7 million with expiration dates through May 31, 2016. As of July 31, 2015, two European banks had guaranteed obligations to third parties on behalf of two of the Company’s foreign subsidiaries in the dollar equivalent of $1.0 million in various foreign currencies. The Company has minimum commitments related to the Company’s license agreements and endorsement agreements with brand ambassadors. The Company sources, distributes, advertises and sells watches pursuant to its exclusive license agreements with unaffiliated licensors. Royalty amounts 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 additional renewal options, provided that minimum sales levels are achieved. Additionally, the license agreements require the Company to pay minimum annual advertising amounts. A complaint that was filed on February 4, 2015 against the Company and several of its officers in the United States District Court for the District of New Jersey, which alleged that, between March 26, 2014 and November 13, 2014, the Company made false and misleading statements about the Company’s financial performance, was voluntarily dismissed with prejudice on June 30, 2015. The Company is involved in various legal proceedings and claims from time to time in the ordinary course of its business. Although the outcome of such matters cannot be determined with certainty, the Company’s general counsel and management believe that the final outcome would not have a material effect on the Company’s consolidated financial position, results of operations or cash flows.

Income Taxes

Income Taxes	6 Months Ended
	Jul. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 8 – INCOME TAXES The Company recorded an income tax expense of $6.1 million and $4.9 million for the three months ended July 31, 2015 and 2014, respectively. The effective tax rate was 33.8% and 28.7% for the three months ended July 31, 2015 and 2014, respectively. The increase in the effective tax rate was primarily due to not recognizing tax benefits on losses incurred by certain foreign operations. The Company recorded an income tax expense of $9.2 million and $8.3 million for the six months ended July 31, 2015 and 2014, respectively. The effective tax rate was 37.2% and 29.9% for the six months ended July 31, 2015 and 2014, respectively. The increase in the effective tax rate was primarily due to not recognizing tax benefits on losses incurred by certain foreign operations and certain costs related to the operating efficiency initiatives and other items (see note 13) resulting in deferred taxes that were valued. The effective tax rate for the three and six months ended July 31, 2015 differs from the U.S. statutory tax rate of 35.0% primarily due to not recognizing tax benefits on losses incurred by certain foreign operations partially offset by foreign earnings being taxed at rates lower than the U.S. statutory tax rate. Also included in the six months ended July 31, 2015 is the impact of certain costs related to the operating efficiency initiatives and other items (see note 13) resulting in deferred taxes that were valued. The effective tax rate for the three and six months ended July 31, 2014 differs from the U.S. statutory tax rate of 35.0%, primarily due to foreign earnings being taxed at rates lower than the U.S. statutory tax rate,

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jul. 31, 2015
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	NOTE 9 – DERIVATIVE FINANCIAL INSTRUMENTS The Company accounts for its derivative financial instruments in accordance with guidance which requires that an entity recognize all derivatives as either assets or liabilities in the statement of financial position and measure those instruments at fair value. A significant portion of the Company’s purchases are denominated in Swiss francs. The Company also sells to third-party customers in a variety of foreign currencies, most notably the Euro. The Company reduces its exposure to the Swiss franc and the Euro exchange rate risks through a hedging program. Under the hedging program, the Company manages most of its foreign currency exposures on a consolidated basis, which allows it to net certain exposures and take advantage of natural offsets. In the event these exposures do not offset, the Company uses various derivative financial instruments to further reduce the net exposures to currency fluctuations, predominately forward contracts. When entered into, the Company designates and documents these derivative instruments as a cash flow hedge of a specific underlying exposure, as well as the risk management objectives and strategies for undertaking the hedge transactions. Changes in the fair value of a derivative that is designated and documented as a cash flow hedge and is highly effective, are recorded in other comprehensive income until the underlying transaction affects earnings, and then are later reclassified into earnings in the same account as the hedged transaction. The earnings impact is partially offset by the effects of currency movements on the underlying hedged transactions. The Company formally assesses, both at the inception and at each financial quarter thereafter, the effectiveness of the derivative instrument hedging the underlying forecasted cash flow transaction. Any ineffectiveness related to the derivative financial instruments’ change in fair value will be recognized as other income in the Consolidated Statements of Operations in the period in which the ineffectiveness was calculated. No ineffectiveness has been recorded in the three and six months ended July 31, 2015 and 2014. The Company uses forward exchange contracts to offset its exposure to certain foreign currency receivables and liabilities. These forward contracts are not designated as qualified hedges and, therefore, changes in the fair value of these derivatives are recognized into earnings, thereby offsetting the current earnings effect of the related foreign currency receivables and liabilities. All of the Company’s derivative instruments have liquid markets to assess fair value. The Company does not enter into any derivative instruments for trading purposes. As of July 31, 2015, the Company’s entire net forward contracts hedging portfolio consisted of 34.0 million Swiss francs equivalent and 11.0 million Euros equivalent for various expiry dates ranging through January 28, 2016. The following table summarizes the fair value and presentation in the Consolidated Balance Sheets for derivatives (in thousands): Asset Derivatives Liability Derivatives Balance Sheet Location July 31, 2015 Fair Value January 31, 2015 Fair Value July 31, 2014 Fair Value Balance Sheet Location July 31, 2015 Fair Value January 31, 2015 Fair Value July 31, 2014 Fair Value Derivatives not designated as hedging instruments: Foreign Exchange Contracts Other Current Assets $ 33 $ 1,298 $ 1 Accrued Liabilities $ 589 $ 71 $ 829 Total Derivative Instruments $ 33 $ 1,298 $ 1 $ 589 $ 71 $ 829 Asset Derivatives Liability Derivatives Balance Sheet Location July 31, 2015 Fair Value January 31, 2015 Fair Value July 31, 2014 Fair Value Balance Sheet Location July 31, 2015 Fair Value January 31, 2015 Fair Value July 31, 2014 Fair Value Derivatives designated as hedging instruments: Foreign Exchange Contracts Other Current Assets $ 70 $ - $ - Accrued Liabilities $ 56 $ - $ - Total Derivative Instruments $ 70 $ - $ - $ 56 $ - $ - As of July 31, 2015, the balance of deferred net gains on derivative financial instruments documented as cash flow hedges included in accumulated other comprehensive income (“AOCI”) was immaterial. As of July 31, 2014, there was no balance of deferred net gains or losses on derivative financial instruments documented as cash flow hedges included in AOCI. The maximum length of time the Company hedges its exposure to the fluctuation in future cash flows for forecasted transactions is 24 months. For the three months ended July 31, 2015, the Company reclassified from AOCI to earnings $0.1 million of net loss, net of tax benefit of $0.1 million. For the six months ended July 31, 2015, the Company reclassified from AOCI to earnings $0.1 million of net gains, net of tax of $0.1 million. For the three and six months ended July 31, 2014, the Company had no reclassifications from AOCI to earnings.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Jul. 31, 2015
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Accumulated Other Comprehensive Income	NOTE 10 - ACCUMULATED OTHER COMPREHENSIVE INCOME The components of accumulated other comprehensive income consisted of the following (in thousands): Currency Translation Adjustments Available-for-sale securities Net Unrealized Income / (Loss) On Hedging Contracts Accumulated Other Comprehensive Income Balance, January 31, 2015 $ 98,642 $ 211 $ 1 $ 98,854 Other comprehensive (loss) / income before reclassifications (13,321 ) 15 (45 ) (13,351 ) Amounts reclassified from accumulated other comprehensive (loss) / income (1) — — 41 41 Net current-period other comprehensive (loss) / income (13,321 ) 15 (4 ) (13,310 ) As of July 31, 2015 $ 85,321 $ 226 $ (3 ) $ 85,544 Currency Translation Adjustments Available-for-sale securities Net Unrealized Income On Hedging Contracts Accumulated Other Comprehensive Income Balance, January 31, 2014 $ 103,438 $ 263 $ 1 $ 103,702 Other comprehensive (loss) / income before reclassifications (615 ) 69 — (546 ) Amounts reclassified from accumulated other comprehensive income — (81 ) — (81 ) Net current-period other comprehensive (loss) / income (615 ) (12 ) — (627 ) As of July 31, 2014 $ 102,823 $ 251 $ 1 $ 103,075 (1) Amounts reclassified to earnings in the Consolidated Statements of Operations.

Treasury Stock

Treasury Stock	6 Months Ended
	Jul. 31, 2015
Equity [Abstract]
Treasury Stock	NOTE 11 – TREASURY STOCK On March 21, 2013, the Board approved a share repurchase program under which the Company was authorized to purchase up to $50.0 million of its outstanding common stock from time to time, depending on market conditions, share price and other factors. The Company may purchase shares of its common stock through open market purchases, repurchase plans, block trades or otherwise. On November 25, 2014, the Board increased the amount of the share repurchase authorization to $100.0 million. This authorization expires on January 31, 2016. During the six months ended July 31, 2015, the Company repurchased a total of 1,472,890 shares of its common stock at a total cost of approximately $39.1 million or an average cost of $26.57 per share, which included 15,000 shares repurchased from the Movado Group Foundation at a total cost of approximately $0.4 million or $27.95 average per share. During the six months ended July 31, 2014, the Company repurchased a total of 193,073 shares of its common stock at a total cost of approximately $7.7 million or an average cost of $39.80 per share. There were 21,076 and 30,105 shares of common stock repurchased during the six months ended July 31, 2015 and 2014, 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.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jul. 31, 2015
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	NOTE 12 – RECENT ACCOUNTING PRONOUNCEMENTS On July 22, 2015, FASB issued ASU 2015-11, “Inventory: Simplifying the Measurement of Inventory,” which affects reporting entities that measure inventory using first-in, first-out or average cost. Specifically, the guidance requires that inventory be measured at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable cost of completion, disposal, and transportation. The guidance is effective for annual periods beginning after December 15, 2016, with early adoption permitted. The Company is evaluating the effect of adopting this pronouncement, but the adoption is not expected to have a material impact on the Company’s consolidated financial statements. On April 7, 2015, FASB issued ASU 2015-03, “Simplifying the Presentation of Debt Issuance Costs,” which states that debt issuance costs be presented in the balance sheet as a direct deduction from the debt liability, consistent with debt discounts. Under current accounting standards, such costs are recorded as an asset. The new guidance is effective for the beginning of the Company’s fiscal year 2017, with early adoption permitted. This new guidance is not expected to have a material impact on the Company’s consolidated financial statements. On May 28, 2014, FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” This pronouncement affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards (for example, insurance contracts or lease contracts). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In July 2015, FASB deferred the effective date of the guidance. The new revenue standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017 and allows either a full retrospective adoption to all periods presented or a modified retrospective adoption approach with the cumulative effect of initial application of the revised guidance recognized at the date of initial application. Early adoption is permitted for periods beginning after December 15, 2016. The Company is evaluating the effect of adopting this pronouncement, but the adoption is not expected to have a material impact on the Company’s consolidated financial statements.

Operating Efficiency Initiative

Operating Efficiency Initiatives and Other Items	6 Months Ended
	Jul. 31, 2015
Restructuring And Related Activities [Abstract]
Operating Efficiency Initiatives and Other Items	NOTE 13 – OPERATING EFFICIENCY INITIATIVES AND OTHER ITEMS In fiscal 2016, the Company commenced an initiative to achieve greater operating efficiencies and streamline its operations, primarily at certain of its foreign subsidiaries. The Company expects that the majority of the remaining liabilities will be paid during fiscal 2016. A summary rollforward of costs related to the operating efficiency initiatives and other items is as follows (in thousands): Balance at January 31, 2015 Fiscal 2016 charges (4) Cash payments Non-cash adjustments Foreign exchange Accrued balance at July 31, 2015 Severance (1) $ 1,080 $ 1,300 $ (1,304 ) $ - $ (76 ) $ 1,000 Occupancy charges (1) (2) - 788 (64 ) - (49 ) 675 Fixed assets (1) (3) - 582 - (582 ) - - Total $ 1,080 $ 2,670 $ (1,368 ) $ (582 ) $ (125 ) $ 1,675 (1) The total severance charges of $1.3 million include $0.6 million in SG&A and $0.7 million in Cost of sales on the Consolidated Statement of Operations for the six months ended July 31, 2015. The occupancy charge of $0.8 million and fixed asset charge of $0.6 million are included in SG&A on the Consolidated Statement of Operations for the six months ended July 31, 2015. There were no charges for the three months ended July 31, 2015. (2) Occupancy charges include expenses for rent, office equipment and legal expenses. (3) Includes $0.5 million related to closing of certain shop-in-shops that were no longer in use in Asia. (4) This pre-tax charge was the net of a $0.9 million transfer of the provision related to severance agreements and a charge of $3.6 million in the United States and International locations of the Wholesale segment, respectively.

Recent Accounting Pronounceme22

Recent Accounting Pronouncements (Policies)	6 Months Ended
	Jul. 31, 2015
Accounting Policies [Abstract]
Recent Accounting Pronouncements	On July 22, 2015, FASB issued ASU 2015-11, “Inventory: Simplifying the Measurement of Inventory,” which affects reporting entities that measure inventory using first-in, first-out or average cost. Specifically, the guidance requires that inventory be measured at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable cost of completion, disposal, and transportation. The guidance is effective for annual periods beginning after December 15, 2016, with early adoption permitted. The Company is evaluating the effect of adopting this pronouncement, but the adoption is not expected to have a material impact on the Company’s consolidated financial statements. On April 7, 2015, FASB issued ASU 2015-03, “Simplifying the Presentation of Debt Issuance Costs,” which states that debt issuance costs be presented in the balance sheet as a direct deduction from the debt liability, consistent with debt discounts. Under current accounting standards, such costs are recorded as an asset. The new guidance is effective for the beginning of the Company’s fiscal year 2017, with early adoption permitted. This new guidance is not expected to have a material impact on the Company’s consolidated financial statements. On May 28, 2014, FASB issued ASU 2014-09, “Revenue from Contracts with Customers.” This pronouncement affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards (for example, insurance contracts or lease contracts). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In July 2015, FASB deferred the effective date of the guidance. The new revenue standard is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017 and allows either a full retrospective adoption to all periods presented or a modified retrospective adoption approach with the cumulative effect of initial application of the revised guidance recognized at the date of initial application. Early adoption is permitted for periods beginning after December 15, 2016. The Company is evaluating the effect of adopting this pronouncement, but the adoption is not expected to have a material impact on the Company’s consolidated financial statements.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jul. 31, 2015
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 (in thousands) as of July 31, 2015 and 2014 and January 31, 2015: Fair Value at July 31, 2015 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 331 $ — $ — $ 331 SERP assets - employer Other non-current assets 1,667 — — 1,667 SERP assets - employee Other non-current assets 26,107 — — 26,107 Hedge derivatives Other current assets — 103 — 103 Total $ 28,105 $ 103 $ — $ 28,208 Liabilities: SERP liabilities - employee Other non-current liabilities $ 26,107 $ — $ — $ 26,107 Hedge derivatives Accrued liabilities — 645 — 645 Total $ 26,107 $ 645 $ — $ 26,752 Fair Value at January 31, 2015 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 314 $ — $ — $ 314 Long-term investment Other non-current assets — — 1,240 1,240 SERP assets - employer Other non-current assets 1,351 — — 1,351 SERP assets - employee Other non-current assets 24,811 — — 24,811 Hedge derivatives Other current assets — 1,298 — 1,298 Total $ 26,476 $ 1,298 $ 1,240 $ 29,014 Liabilities: SERP liabilities - employee Other non-current liabilities $ 24,811 $ — $ — $ 24,811 Hedge derivatives Accrued liabilities — 71 — 71 Total $ 24,811 $ 71 $ — $ 24,882 Fair Value at July 31, 2014 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 377 $ — $ — $ 377 SERP assets - employer Other non-current assets 1,521 — — 1,521 SERP assets - employee Other non-current assets 23,382 — — 23,382 Hedge derivatives Other current assets — 1 — 1 Total $ 25,280 $ 1 $ — $ 25,281 Liabilities: SERP liabilities - employee Other non-current liabilities $ 23,382 $ — $ — $ 23,382 Hedge derivatives Accrued liabilities — 829 — 829 Total $ 23,382 $ 829 $ — $ 24,211

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jul. 31, 2015
Equity [Abstract]
Components of Equity	The components of equity for the six months ended July 31, 2015 and 2014 are as follows (in thousands): Movado Group, Inc. Shareholders' Equity Common Stock Class Capital in Excess Par Retained Earnings Treasury Stock Accumulated Other Comprehensive Income Noncontrolling Interests Total Balance, January 31, 2015 $ 268 $ 66 $ 174,826 $ 358,006 $ (149,811 ) $ 98,854 $ 2,076 $ 484,285 Net income 15,674 (101 ) 15,573 Dividends (5,239 ) (5,239 ) Stock repurchase (39,129 ) (39,129 ) Stock options exercised, net of tax benefit of $42 1 188 (636 ) (447 ) Supplemental executive retirement plan 137 137 Stock-based compensation expense 3,100 3,100 Net unrealized gain on investments, net of tax of $7 15 15 Net change in effective portion of hedging contracts, net of tax of $0 (4 ) (4 ) Foreign currency translation adjustment (3) (13,321 ) 114 (13,207 ) Balance, July 31, 2015 $ 269 $ 66 $ 178,251 $ 368,441 $ (189,576 ) $ 85,544 $ 2,089 $ 445,084 Common Stock Class Capital in Excess Par Retained Earnings Treasury Stock Accumulated Other Comprehensive Income Noncontrolling Interests Total Balance, January 31, 2014 $ 266 $ 66 $ 165,342 $ 316,334 $ (122,406 ) $ 103,702 $ 2,686 $ 465,990 Net income 19,516 83 19,599 Dividends (5,059 ) (5,059 ) Stock repurchase (7,684 ) (7,684 ) Stock options exercised, net of tax benefit of $1,204 2 2,717 (1,407 ) 1,312 Supplemental executive retirement plan 82 82 Stock-based compensation expense 2,612 2,612 Net unrealized gain on investments, net of tax of $39 69 69 Stock donation 671 385 1,056 Gain on available-for-sale securities, net of tax benefit of $50 (81 ) (81 ) Foreign currency translation adjustment (3) (615 ) (18 ) (633 ) Balance, July 31, 2014 $ 268 $ 66 $ 171,424 $ 330,791 $ (131,112 ) $ 103,075 $ 2,751 $ 477,263 (1) Each share of common stock is entitled to one vote per share. (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.

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jul. 31, 2015
Segment Reporting [Abstract]
Operating Segment Data	Operating Segment Data for the Three Months Ended July 31, 2015 and 2014 (in thousands): Net Sales 2015 2014 Wholesale: Luxury brands category $ 52,109 $ 50,624 Licensed brands category 74,374 73,796 After-sales service and all other 3,272 3,423 Total Wholesale 129,755 127,843 Retail 15,814 15,748 Consolidated total $ 145,569 $ 143,591 Operating Income 2015 2014 Wholesale $ 14,869 $ 13,809 Retail 3,365 3,359 Consolidated total $ 18,234 $ 17,168 Operating Segment Data for the Six Months Ended July 31, 2015 and 2014 (in thousands): Net Sales 2015 2014 Wholesale: Luxury brands category $ 97,012 $ 94,844 Licensed brands category 135,216 135,526 After-sales service and all other 7,124 7,157 Total Wholesale 239,352 237,527 Retail 26,678 26,985 Consolidated total $ 266,030 $ 264,512 Operating Income 2015 2014 Wholesale $ 20,794 $ 23,184 Retail 4,315 4,905 Consolidated total $ 25,109 $ 28,089 Total Assets July 31, 2015 January 31, 2015 July 31, 2014 Wholesale $ 568,680 $ 562,462 $ 569,898 Retail 21,331 20,561 21,545 Consolidated total $ 590,011 $ 583,023 $ 591,443
Geographic Segment Data	Geographic Location Data for the Three Months Ended July 31, 2015 and 2014 (in thousands): Net Sales Operating Income 2015 2014 2015 2014 United States (1) $ 78,772 $ 78,128 $ 7,948 $ 5,254 International (2) 66,797 65,463 10,286 11,914 Consolidated total $ 145,569 $ 143,591 $ 18,234 $ 17,168 United States and International net sales are net of intercompany sales of $76.7 million and $85.6 million for the three months ended July 31, 2015 and 2014, respectively. Geographic Location Data for the Six Months Ended July 31, 2015 and 2014 (in thousands): Net Sales Operating Income 2015 2014 2015 2014 United States (1) $ 143,356 $ 140,407 $ 10,377 $ 4,410 International (2) 122,674 124,105 14,732 23,679 Consolidated total $ 266,030 $ 264,512 $ 25,109 $ 28,089 United States and International net sales are net of intercompany sales of $158.2 million and $150.3 million for the six months ended July 31, 2015 and 2014, respectively. (1) The United States operating income included $9.5 million and $5.9 million of unallocated corporate expenses for the three months ended July 31, 2015 and 2014. The United States operating income included $16.6 million and $12.9 million of unallocated corporate expenses for the six months ended July 31, 2015 and 2014. (2) The International operating income included $10.9 million and $10.6 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended July 31, 2015 and 2014. The International operating income included $19.7 million and $20.1 million of certain intercompany profits related to the Company’s supply chain operations for the six months ended July 31, 2015 and 2014. Total Assets July 31, 2015 January 31, 2015 July 31, 2014 United States $ 230,209 $ 209,660 $ 237,558 International 359,802 373,363 353,885 Consolidated total $ 590,011 $ 583,023 $ 591,443 Property, Plant and Equipment, Net July 31, 2015 January 31, 2015 July 31, 2014 United States $ 25,052 $ 25,950 $ 25,169 International 17,671 20,723 20,972 Consolidated total $ 42,723 $ 46,673 $ 46,141

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jul. 31, 2015
Inventory Disclosure [Abstract]
Components of Inventories	Inventories consisted of the following (in thousands): July 31, 2015 January 31, 2015 July 31, 2014 Finished goods $ 135,112 $ 115,435 $ 133,965 Component parts 48,505 49,790 54,533 Work-in-process 4,898 5,563 6,833 $ 188,515 $ 170,788 $ 195,331

Derivative Financial Instrume27

Derivative Financial Instruments (Tables)	6 Months Ended
	Jul. 31, 2015
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Fair Value and Presentation of Derivatives	The following table summarizes the fair value and presentation in the Consolidated Balance Sheets for derivatives (in thousands): Asset Derivatives Liability Derivatives Balance Sheet Location July 31, 2015 Fair Value January 31, 2015 Fair Value July 31, 2014 Fair Value Balance Sheet Location July 31, 2015 Fair Value January 31, 2015 Fair Value July 31, 2014 Fair Value Derivatives not designated as hedging instruments: Foreign Exchange Contracts Other Current Assets $ 33 $ 1,298 $ 1 Accrued Liabilities $ 589 $ 71 $ 829 Total Derivative Instruments $ 33 $ 1,298 $ 1 $ 589 $ 71 $ 829 Asset Derivatives Liability Derivatives Balance Sheet Location July 31, 2015 Fair Value January 31, 2015 Fair Value July 31, 2014 Fair Value Balance Sheet Location July 31, 2015 Fair Value January 31, 2015 Fair Value July 31, 2014 Fair Value Derivatives designated as hedging instruments: Foreign Exchange Contracts Other Current Assets $ 70 $ - $ - Accrued Liabilities $ 56 $ - $ - Total Derivative Instruments $ 70 $ - $ - $ 56 $ - $ -

Accumulated Other Comprehensi28

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jul. 31, 2015
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Schedule of Components of Accumulated Other Comprehensive Income	The components of accumulated other comprehensive income consisted of the following (in thousands): Currency Translation Adjustments Available-for-sale securities Net Unrealized Income / (Loss) On Hedging Contracts Accumulated Other Comprehensive Income Balance, January 31, 2015 $ 98,642 $ 211 $ 1 $ 98,854 Other comprehensive (loss) / income before reclassifications (13,321 ) 15 (45 ) (13,351 ) Amounts reclassified from accumulated other comprehensive (loss) / income (1) — — 41 41 Net current-period other comprehensive (loss) / income (13,321 ) 15 (4 ) (13,310 ) As of July 31, 2015 $ 85,321 $ 226 $ (3 ) $ 85,544 Currency Translation Adjustments Available-for-sale securities Net Unrealized Income On Hedging Contracts Accumulated Other Comprehensive Income Balance, January 31, 2014 $ 103,438 $ 263 $ 1 $ 103,702 Other comprehensive (loss) / income before reclassifications (615 ) 69 — (546 ) Amounts reclassified from accumulated other comprehensive income — (81 ) — (81 ) Net current-period other comprehensive (loss) / income (615 ) (12 ) — (627 ) As of July 31, 2014 $ 102,823 $ 251 $ 1 $ 103,075 (1) Amounts reclassified to earnings in the Consolidated Statements of Operations.

Operating Efficiency Initiati29

Operating Efficiency Initiatives and Other Items (Tables)	6 Months Ended
	Jul. 31, 2015
Restructuring And Related Activities [Abstract]
Summary of Costs Related to Operating Efficiency Initiatives and Other Items	A summary rollforward of costs related to the operating efficiency initiatives and other items is as follows (in thousands): Balance at January 31, 2015 Fiscal 2016 charges (4) Cash payments Non-cash adjustments Foreign exchange Accrued balance at July 31, 2015 Severance (1) $ 1,080 $ 1,300 $ (1,304 ) $ - $ (76 ) $ 1,000 Occupancy charges (1) (2) - 788 (64 ) - (49 ) 675 Fixed assets (1) (3) - 582 - (582 ) - - Total $ 1,080 $ 2,670 $ (1,368 ) $ (582 ) $ (125 ) $ 1,675 (1) The total severance charges of $1.3 million include $0.6 million in SG&A and $0.7 million in Cost of sales on the Consolidated Statement of Operations for the six months ended July 31, 2015. The occupancy charge of $0.8 million and fixed asset charge of $0.6 million are included in SG&A on the Consolidated Statement of Operations for the six months ended July 31, 2015. There were no charges for the three months ended July 31, 2015. (2) Occupancy charges include expenses for rent, office equipment and legal expenses. (3) Includes $0.5 million related to closing of certain shop-in-shops that were no longer in use in Asia. (4) This pre-tax charge was the net of a $0.9 million transfer of the provision related to severance agreements and a charge of $3.6 million in the United States and International locations of the Wholesale segment, respectively.

Fair Value Measurements Assets

Fair Value Measurements Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Jul. 31, 2015	Jan. 31, 2015	Jul. 31, 2014
Assets:
Total assets measured at fair value	$ 28,208	$ 29,014	$ 25,281
Liabilities:
Total liabilities measured at fair value	26,752	24,882	24,211
Other Current Assets | Available-for-sale securities
Assets:
Total assets measured at fair value	331	314	377
Other Current Assets | Hedge derivatives-Assets
Assets:
Total assets measured at fair value	103	1,298	1
Other non-current assets | SERP assets - employer
Assets:
Total assets measured at fair value	1,667	1,351	1,521
Other non-current assets | SERP assets - employee
Assets:
Total assets measured at fair value	26,107	24,811	23,382
Other non-current assets | Long-term investment
Assets:
Total assets measured at fair value		1,240
Other non-current liabilities | SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	26,107	24,811	23,382
Accrued Liabilities | Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	645	71	829
Level 1
Assets:
Total assets measured at fair value	28,105	26,476	25,280
Liabilities:
Total liabilities measured at fair value	26,107	24,811	23,382
Level 1 | Other Current Assets | Available-for-sale securities
Assets:
Total assets measured at fair value	331	314	377
Level 1 | Other non-current assets | SERP assets - employer
Assets:
Total assets measured at fair value	1,667	1,351	1,521
Level 1 | Other non-current assets | SERP assets - employee
Assets:
Total assets measured at fair value	26,107	24,811	23,382
Level 1 | Other non-current liabilities | SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	26,107	24,811	23,382
Level 2
Assets:
Total assets measured at fair value	103	1,298	1
Liabilities:
Total liabilities measured at fair value	645	71	829
Level 2 | Other Current Assets | Hedge derivatives-Assets
Assets:
Total assets measured at fair value	103	1,298	1
Level 2 | Accrued Liabilities | Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	$ 645	71	$ 829
Level 3
Assets:
Total assets measured at fair value		1,240
Level 3 | Other non-current assets | Long-term investment
Assets:
Total assets measured at fair value		$ 1,240

Fair Value Measurements (Detail

Fair Value Measurements (Details Textual) - Jul. 31, 2015 - USD ($)	Total	Total
Fair Value Assets And Liabilities Measured On Recurring Basis [Abstract]
Fair Value, long-term investment		The fair value of the long-term investment at January 31, 2015 is based on the purchase price plus eight percent calculated annually
Cost method investments, carrying value	$ 1,300,000	$ 1,300,000
Impairment on investments	$ 0

Equity (Details)

Equity (Details) - USD ($)		3 Months Ended		6 Months Ended
		Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015		Jul. 31, 2014
Beginning Balance				$ 484,285,000		$ 465,990,000
Net income		$ 11,933,000	$ 12,170,000	15,573,000		19,599,000
Dividends				(5,239,000)		(5,059,000)
Stock repurchase				(39,129,000)		(7,684,000)
Stock options exercised, net of tax benefit				(447,000)		1,312,000
Supplemental executive retirement plan				137,000		82,000
Stock-based compensation expense				3,100,000		2,612,000
Net unrealized gain on investments, net of tax		5,000	(1,000)	15,000		69,000
Net change in effective portion of hedging contracts, net of tax		504,000		(4,000)		0
Stock donation						1,056,000
Gain on available-for-sale securities, net of tax benefit of $0, $50, $0 and $50, respectively			(81,000)			(81,000)
Foreign currency translation adjustments		(10,070,000)	(8,764,000)	(13,207,000)	[1]	(633,000)	[1]
Ending Balance		445,084,000	477,263,000	445,084,000		477,263,000
Class A Common Stock
Beginning Balance	[2]			66,000		66,000
Ending Balance	[2]	66,000	66,000	66,000		66,000
Common Stock
Beginning Balance	[3]			268,000		266,000
Stock options exercised, net of tax benefit	[3]			1,000		2,000
Ending Balance	[3]	269,000	268,000	269,000		268,000
Capital in Excess of Par Value
Beginning Balance				174,826,000		165,342,000
Stock options exercised, net of tax benefit				188,000		2,717,000
Supplemental executive retirement plan				137,000		82,000
Stock-based compensation expense				3,100,000		2,612,000
Stock donation						671,000
Ending Balance		178,251,000	171,424,000	178,251,000		171,424,000
Retained Earnings
Beginning Balance				358,006,000		316,334,000
Net income				15,674,000		19,516,000
Dividends				(5,239,000)		(5,059,000)
Ending Balance		368,441,000	330,791,000	368,441,000		330,791,000
Treasury Stock
Beginning Balance				(149,811,000)		(122,406,000)
Stock repurchase				(39,129,000)		(7,684,000)
Stock options exercised, net of tax benefit				(636,000)		(1,407,000)
Stock donation						385,000
Ending Balance		(189,576,000)	(131,112,000)	(189,576,000)		(131,112,000)
Accumulated Other Comprehensive Income
Beginning Balance				98,854,000		103,702,000
Net unrealized gain on investments, net of tax				15,000		69,000
Net change in effective portion of hedging contracts, net of tax				(4,000)
Gain on available-for-sale securities, net of tax benefit of $0, $50, $0 and $50, respectively						(81,000)
Foreign currency translation adjustments	[1]			(13,321,000)		(615,000)
Ending Balance		85,544,000	103,075,000	85,544,000		103,075,000
Noncontrolling Interests
Beginning Balance				2,076,000		2,686,000
Net income				(101,000)		83,000
Foreign currency translation adjustments	[1]			114,000		(18,000)
Ending Balance		$ 2,089,000	$ 2,751,000	$ 2,089,000		$ 2,751,000
[1]	The currency translation adjustment is not adjusted for income taxes to the extent that it relates to permanent investments of earnings in international subsidiaries.
[2]	Each share of 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]	Each share of common stock is entitled to one vote per share.

Equity (Details) (Parenthetical

Equity (Details) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Stock options exercised, tax benefit			$ 42	$ 1,204
Net unrealized gain on investments, tax	$ 3	$ 0	7	39
Net change in effective portion of hedging contracts, tax	100	0	0	0
Gain on available-for-sale securities, tax benefit	$ 0	$ 50	$ 0	$ 50
Common Stock Class Undefined
Common Stock, Voting Rights			Each share of common stock is entitled to one vote per share.
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.

Segment Information (Details Te

Segment Information (Details Textual) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2015USD ($)	Jul. 31, 2014USD ($)	Jul. 31, 2015USD ($)SegmentLocation	Jul. 31, 2014USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | Segment			2
Number of geographic locations | Location			2
Net sales	$ 145,569	$ 143,591	$ 266,030	$ 264,512
Unallocated corporate expenses	9,500	5,900	16,600	12,900
Profits related to the company's supply chain operations	10,900	10,600	19,700	20,100
Intersegment Eliminations
Segment Reporting Information [Line Items]
Net sales	$ (76,700)	$ (85,600)	$ (158,200)	$ (150,300)
Geographic Concentration Risk | Europe | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	19.80%	18.90%	19.90%	18.90%
Geographic Concentration Risk | the Americas (excluding the United States) | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	11.90%	11.60%	11.60%	11.40%
Geographic Concentration Risk | Middle East | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	7.70%	8.10%	7.60%	8.50%
Geographic Concentration Risk | Asia | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	6.50%	7.00%	7.00%	8.10%

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014	Jan. 31, 2015
Operating segment data
Net sales	$ 145,569	$ 143,591	$ 266,030	$ 264,512
Operating Income	18,234	17,168	25,109	28,089
Total Assets	590,011	591,443	590,011	591,443	$ 583,023
Wholesale
Operating segment data
Net sales	129,755	127,843	239,352	237,527
Operating Income	14,869	13,809	20,794	23,184
Total Assets	568,680	569,898	568,680	569,898	562,462
Wholesale | Luxury brands category
Operating segment data
Net sales	52,109	50,624	97,012	94,844
Wholesale | Licensed brands category
Operating segment data
Net sales	74,374	73,796	135,216	135,526
Wholesale | After-sales service and all other
Operating segment data
Net sales	3,272	3,423	7,124	7,157
Retail
Operating segment data
Net sales	15,814	15,748	26,678	26,985
Operating Income	3,365	3,359	4,315	4,905
Total Assets	$ 21,331	$ 21,545	$ 21,331	$ 21,545	$ 20,561

Segment Information (Details 1)

Segment Information (Details 1) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014	Jan. 31, 2015
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales		$ 145,569	$ 143,591	$ 266,030	$ 264,512
Operating Income		18,234	17,168	25,109	28,089
Total Assets		590,011	591,443	590,011	591,443	$ 583,023
Property, Plant and Equipment, Net		42,723	46,141	42,723	46,141	46,673
United States
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	[1]	78,772	78,128	143,356	140,407
Operating Income	[1]	7,948	5,254	10,377	4,410
Total Assets		230,209	237,558	230,209	237,558	209,660
Property, Plant and Equipment, Net		25,052	25,169	25,052	25,169	25,950
International
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	[2]	66,797	65,463	122,674	124,105
Operating Income	[2]	10,286	11,914	14,732	23,679
Total Assets		359,802	353,885	359,802	353,885	373,363
Property, Plant and Equipment, Net		$ 17,671	$ 20,972	$ 17,671	$ 20,972	$ 20,723
[1]	The United States operating income included $9.5 million and $5.9 million of unallocated corporate expenses for the three months ended July 31, 2015 and 2014. The United States operating income included $16.6 million and $12.9 million of unallocated corporate expenses for the six months ended July 31, 2015 and 2014.
[2]	The International operating income included $10.9 million and $10.6 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended July 31, 2015 and 2014. The International operating income included $19.7 million and $20.1 million of certain intercompany profits related to the Company’s supply chain operations for the six months ended July 31, 2015 and 2014.

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jul. 31, 2015	Jan. 31, 2015	Jul. 31, 2014
Inventory Net [Abstract]
Finished goods	$ 135,112	$ 115,435	$ 133,965
Component parts	48,505	49,790	54,533
Work-in-process	4,898	5,563	6,833
Inventories	$ 188,515	$ 170,788	$ 195,331

Debt and Lines of Credit (Detai

Debt and Lines of Credit (Details Textual)	6 Months Ended
	Jul. 31, 2015USD ($)BankSubsidiary	Jul. 31, 2015CHF (SFr)BankSubsidiary	Jan. 30, 2015USD ($)	Jul. 31, 2014USD ($)	Jul. 31, 2014CHF (SFr)
Debt Instrument [Line Items]
Asset based senior revolving credit facility	$ 56,300,000
Loan drawn under the facility	40,000,000
Letter of credit outstanding amount	3,700,000
Minimum
Debt Instrument [Line Items]
Consolidated Earnings Before Interest Tax Depreciation And Amortization	$ 50,000,000
Consolidated leverage ratio	2.50%	2.50%
Maximum
Debt Instrument [Line Items]
Consolidated leverage ratio	1.00%	1.00%
Unsecured Debt | Swiss subsidiary
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 5,200,000	SFr 5,000,000		$ 5,500,000	SFr 5,000,000
Outstanding borrowing amount	$ 0			$ 0
Revolving Credit Facility | Secured Debt | Credit Agreement Due on January 30, 2020
Debt Instrument [Line Items]
Asset based senior revolving credit facility			$ 100,000,000
Line of credit facility, maximum borrowing capacity			50,000,000
Credit facility matures date	Jan. 30, 2020
Revolving Credit Facility | Secured Debt | Credit Agreement Due on January 30, 2020 | London Interbank Offered Rate L I B O R | Minimum
Debt Instrument [Line Items]
Applicable margin rate	1.25%
Revolving Credit Facility | Secured Debt | Credit Agreement Due on January 30, 2020 | London Interbank Offered Rate L I B O R | Maximum
Debt Instrument [Line Items]
Applicable margin rate	1.75%
Revolving Credit Facility | Secured Debt | Credit Agreement Due on January 30, 2020 | Base Rate | Minimum
Debt Instrument [Line Items]
Applicable margin rate	0.25%
Revolving Credit Facility | Secured Debt | Credit Agreement Due on January 30, 2020 | Base Rate | Maximum
Debt Instrument [Line Items]
Applicable margin rate	0.75%
Revolving Credit Facility | Secured Debt | Credit Agreement Due on January 30, 2020 | Letter of Credit
Debt Instrument [Line Items]
Asset based senior revolving credit facility			$ 15,000,000
Line of Credit | Unsecured Debt | Swiss subsidiary
Debt Instrument [Line Items]
Number of European banks guaranteed obligations to third parties | Bank	2	2
Number of foreign subsidiaries under guaranteed obligation	2	2
Guaranteed obligations to third parties	$ 1,000,000

Earnings Per Share (Details Tex

Earnings Per Share (Details Textual) - shares	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Earnings Per Share [Abstract]
Weighted basic average shares outstanding	23,644,000	25,384,000	23,956,000	25,355,000
Increase in number of shares outstanding for diluted earnings per share	260,000	290,000	274,000	330,000
Dilutive common stock equivalents were excluded from the computation of dilutive earnings per share	536,000	118,000	461,000	61,000

Commitments and Contingencies (

Commitments and Contingencies (Details Textual)	6 Months Ended
	Jul. 31, 2015USD ($)BankCreditFacilitySubsidiary	Jul. 31, 2014USD ($)
Loss Contingencies [Line Items]
Number of issued standby letter of credit | CreditFacility	4
Unsecured Debt | Swiss subsidiary
Loss Contingencies [Line Items]
Outstanding borrowing amount	$ 0	$ 0
Letter of Credit
Loss Contingencies [Line Items]
Outstanding borrowing amount	$ 3,700,000
Credit facility matures date	May 31, 2016
Line of Credit | Unsecured Debt | Swiss subsidiary
Loss Contingencies [Line Items]
Number of European banks guaranteed obligations to third parties | Bank	2
Number of foreign subsidiaries under guaranteed obligation	2
Guaranteed obligations to third parties	$ 1,000,000

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Jul. 31, 2015	Jul. 31, 2014
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 6,080,000	$ 4,909,000	$ 9,216,000	$ 8,342,000
Effective tax rate for continuing operations	33.80%	28.70%	37.20%	29.90%
U.S. statutory tax rate	35.00%	35.00%	35.00%	35.00%
Income tax expense (benefit)	$ 0	$ 0	$ 0	$ 0

Derivative Financial Instrume42

Derivative Financial Instruments (Details Textual)	3 Months Ended		6 Months Ended
	Jul. 31, 2015USD ($)	Jul. 31, 2014USD ($)	Jul. 31, 2015USD ($)		Jul. 31, 2014USD ($)	Jul. 31, 2015CHF (SFr)	Jul. 31, 2015EUR (€)
Derivatives Fair Value [Line Items]
Net change in effective portion of hedging contracts	$ 504,000		$ (4,000)		$ 0
Maximum length of time hedged in cash flow hedge			24 months
Accumulated other comprehensive income, tax	100,000	$ 0	$ 100,000		0
Amounts reclassified from accumulated other comprehensive (loss) / income	$ 100,000		$ 41,000	[1]	$ (81,000)
Foreign Exchange Forward
Derivatives Fair Value [Line Items]
Net forward contracts hedging portfolio						SFr 34,000,000	€ 11,000,000
Maximum
Derivatives Fair Value [Line Items]
Expiry dates ranging			Jan. 28, 2016
[1]	Amounts reclassified to earnings in the Consolidated Statements of Operations.

Derivative Financial Instrume43

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Jul. 31, 2015	Jan. 31, 2015	Jul. 31, 2014
Designated as Hedging Instrument
Fair value and presentation of derivatives
Asset Derivatives	$ 70
Liability Derivatives	56
Designated as Hedging Instrument | Foreign Exchange Contract | Other Current Assets
Fair value and presentation of derivatives
Asset Derivatives	70
Designated as Hedging Instrument | Foreign Exchange Contract | Accrued Liabilities
Fair value and presentation of derivatives
Liability Derivatives	56
Not Designated as Hedging Instrument
Fair value and presentation of derivatives
Asset Derivatives	33	$ 1,298	$ 1
Liability Derivatives	589	71	829
Not Designated as Hedging Instrument | Foreign Exchange Contract | Other Current Assets
Fair value and presentation of derivatives
Asset Derivatives	33	1,298	1
Not Designated as Hedging Instrument | Foreign Exchange Contract | Accrued Liabilities
Fair value and presentation of derivatives
Liability Derivatives	$ 589	$ 71	$ 829

Accumulated Other Comprehensi44

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended
		Jul. 31, 2015	Jul. 31, 2015		Jul. 31, 2014
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance			$ 98,854		$ 103,702
Other comprehensive (loss) / income before reclassifications			(13,351)		(546)
Amounts reclassified from accumulated other comprehensive (loss) / income		$ 100	41	[1]	(81)
Net current-period other comprehensive (loss) / income			(13,310)		(627)
Ending Balance		85,544	85,544		103,075
Currency Translation Adjustments
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance			98,642		103,438
Other comprehensive (loss) / income before reclassifications			(13,321)		(615)
Net current-period other comprehensive (loss) / income			(13,321)		(615)
Ending Balance		85,321	85,321		102,823
Available-for-sale securities
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance			211		263
Other comprehensive (loss) / income before reclassifications			15		69
Amounts reclassified from accumulated other comprehensive (loss) / income					(81)
Net current-period other comprehensive (loss) / income			15		(12)
Ending Balance		226	226		251
Net Unrealized Income (Loss) On Hedging Contracts
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance			1		1
Other comprehensive (loss) / income before reclassifications			(45)
Amounts reclassified from accumulated other comprehensive (loss) / income	[1]		41
Net current-period other comprehensive (loss) / income			(4)
Ending Balance		$ (3)	$ (3)		$ 1
[1]	Amounts reclassified to earnings in the Consolidated Statements of Operations.

Treasury Stock (Details Textual

Treasury Stock (Details Textual) - USD ($)	6 Months Ended
	Jul. 31, 2015	Jul. 31, 2014	Nov. 25, 2014	Mar. 21, 2013
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares authorized			$ 100,000,000	$ 50,000,000
Stock repurchase program expiration date	Jan. 31, 2016
Stock repurchase program, number of shares repurchased	1,472,890	193,073
Stock repurchase program, total cost of shares repurchased	$ 39,129,000	$ 7,684,000
Stock repurchase program, average per share price of shares repurchased	$ 26.57	$ 39.80
Surrender of Shares by Employee
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares repurchased	21,076	30,105
Movado Group Foundation
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares repurchased	15,000
Stock repurchase program, total cost of shares repurchased	$ 400,000
Stock repurchase program, average per share price of shares repurchased	$ 27.95

Operating Efficiency Initiati46

Operating Efficiency Initiatives and Other Items (Details) $ in Thousands		6 Months Ended
		Jul. 31, 2015USD ($)
Restructuring Cost And Reserve [Line Items]
Balance at January 31, 2015		$ 1,080
Fiscal 2016 Charges	[1]	2,670
Cash payments		(1,368)
Non-cash adjustments		(582)
Foreign exchange		(125)
Accrued balance at July 31, 2015		1,675
Severance
Restructuring Cost And Reserve [Line Items]
Balance at January 31, 2015	[2]	1,080
Fiscal 2016 Charges	[1],[2]	1,300
Cash payments	[2]	(1,304)
Foreign exchange	[2]	(76)
Accrued balance at July 31, 2015	[2]	1,000
Occupancy charges
Restructuring Cost And Reserve [Line Items]
Fiscal 2016 Charges	[1],[2],[3]	788
Cash payments	[2],[3]	(64)
Foreign exchange	[2],[3]	(49)
Accrued balance at July 31, 2015	[2],[3]	675
Fixed assets
Restructuring Cost And Reserve [Line Items]
Fiscal 2016 Charges	[1],[2],[4]	582
Non-cash adjustments	[2],[4]	$ (582)
[1]	This pre-tax charge was the net of a $0.9 million transfer of the provision related to severance agreements and a charge of $3.6 million in the United States and International locations of the Wholesale segment, respectively.
[2]	The total severance charges of $1.3 million include $0.6 million in SG&A and $0.7 million in Cost of sales on the Consolidated Statement of Operations for the six months ended July 31, 2015. The occupancy charge of $0.8 million and fixed asset charge of $0.6 million are included in SG&A on the Consolidated Statement of Operations for the six months ended July 31, 2015. There were no charges for the three months ended July 31, 2015.
[3]	Occupancy charges include expenses for rent, office equipment and legal expenses.
[4]	Includes $0.5 million related to closing of certain shop-in-shops that were no longer in use in Asia.

Operating Efficiency Initiati47

Operating Efficiency Initiatives and Other Items (Details Textual) - Jul. 31, 2015 - USD ($)		Total	Total
Restructuring Cost And Reserve [Line Items]
Severance charges		$ 0	$ 1,300,000
Operating efficiency initiatives and other items	[1]		2,670,000
Asia
Restructuring Cost And Reserve [Line Items]
Operating efficiency initiatives and other items			500,000
United States
Restructuring Cost And Reserve [Line Items]
Severance charges			900,000
International
Restructuring Cost And Reserve [Line Items]
Severance charges			3,600,000
S G & A
Restructuring Cost And Reserve [Line Items]
Severance charges		0	600,000
Occupancy charge		0	800,000
Fixed asset charge		0	600,000
Cost of sales
Restructuring Cost And Reserve [Line Items]
Severance charges		$ 0	$ 700,000
[1]	This pre-tax charge was the net of a $0.9 million transfer of the provision related to severance agreements and a charge of $3.6 million in the United States and International locations of the Wholesale segment, respectively.