Movado (MOV) 10-K 31 Mar 16 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jan. 31, 2016	Mar. 24, 2016	Jul. 31, 2015
Document Type	10-K
Amendment Flag	false
Entity Filer Category	Accelerated Filer
Document Period End Date	Jan. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Trading Symbol	MOV
Entity Registrant Name	MOVADO GROUP INC
Entity Central Index Key	72,573
Current Fiscal Year End Date	--01-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Public Float			$ 401,887,000
Common Stock Class Undefined
Entity Common Stock, Shares Outstanding		16,298,144
Class A Common Stock
Entity Common Stock, Shares Outstanding		6,644,105

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands		12 Months Ended
		Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2014
Income Statement [Abstract]
Net sales	[1],[2]	$ 594,923	$ 586,980	$ 570,255
Cost of sales		277,993	276,998	264,994
Gross profit		316,930	309,982	305,261
Selling, general and administrative		246,823	238,495	237,519
Operating income	[3],[4],[5],[6],[7],[8]	70,107	71,487	67,742
Other income, net (Note 17)				1,526
Interest expense		(1,109)	(489)	(436)
Interest income		127	166	86
Income before income taxes		69,125	71,164	68,918
Provision for income taxes (Note 8)		23,360	19,264	17,373
Net income		45,765	51,900	51,545
Less: Net income attributed to noncontrolling interests		671	124	668
Net income attributed to Movado Group, Inc.		$ 45,094	$ 51,776	$ 50,877
Basic income per share:
Weighted basic average shares outstanding		23,525	25,276	25,506
Net income per share attributed to Movado Group, Inc.		$ 1.92	$ 2.05	$ 1.99
Diluted income per share:
Weighted diluted average shares outstanding		23,774	25,581	25,849
Net income per share attributed to Movado Group, Inc.		$ 1.90	$ 2.02	$ 1.97
Dividends paid per share		$ 0.44	$ 0.40	$ 0.26
[1]	Fiscal 2014 Wholesale and United States net sales included a $7.8 million sales reserve, for anticipated returns resulting from the Company’s decision to reduce the presence of ESQ Movado while expanding the Movado brand offering in certain retail doors.
[2]	The United States and International net sales are net of intercompany sales of $309.1 million, $305.1 million and $338.6 million for the fiscal years ended January 31, 2016, 2015 and 2014, respectively.
[3]	Fiscal 2014 Wholesale and United States operating income included $2.5 million duty refund received relating to payments made by the Company in calendar years 2008 through 2011 for drawback claims filed with U.S. Customs & Border Protection.
[4]	Fiscal 2014 Wholesale and United States operating income included a $2.0 million donation to the Movado Group Foundation.
[5]	Fiscal 2014 Wholesale and United States operating income included a charge of $8.3 million related to its strategy to reduce the presence of ESQ Movado while expanding the Movado brand offering in certain retail doors. The $8.3 million charge consists of anticipated sales returns from select customers, inventory reserves and writes down of excess displays and point of sale materials related to this strategy.
[6]	Fiscal 2016 Wholesale and United States and International operating income included a $4.0 million charge as a result of actions taken by the Company in fiscal 2016 to achieve greater operating efficiencies and streamline its operations.
[7]	The International operating income included $44.5 million, $47.1 million and $44.2 million of certain intercompany profits related to the Company’s supply chain operations for the fiscal years ended January 31, 2016, 2015 and 2014, respectively.
[8]	The United States operating income included $27.0 million, $19.3 million and $26.5 million of unallocated corporate expenses for the fiscal years ended January 31, 2016, 2015 and 2014, respectively.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands		12 Months Ended
		Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2014
Comprehensive income, net of taxes:
Net income including noncontrolling interests		$ 45,765	$ 51,900	$ 51,545
Net unrealized (loss) / gain on investments, net of tax (benefit) of $(15), $18 and $77, respectively		(22)	29	213
Net change in effective portion of hedging contracts, net of tax of $10, $0 and $0, respectively		50
Gain on available-for-sale securities, net of tax benefit of $0, $50 and $0, respectively			(81)
Foreign currency translation adjustments	[1]	(30,314)	(5,211)	1,234
Comprehensive income including noncontrolling interests		15,479	46,637	52,992
Less: Comprehensive income / (loss) attributed to noncontrolling interests		734	(291)	684
Total comprehensive income attributed to Movado Group, Inc.		$ 14,745	$ 46,928	$ 52,308
[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 COM4

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (PARENTHETICAL) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2014
Statement Of Income And Comprehensive Income [Abstract]
Net unrealized (loss) / gain on investments, tax	$ (15)	$ 18	$ 77
Net change in effective portion of hedging contracts, tax	10	0	0
Gain on available-for-sale securities, tax benefit	$ 0	$ 50	$ 0

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Jan. 31, 2016	Jan. 31, 2015
Current assets:
Cash and cash equivalents		$ 228,188	$ 199,852
Trade receivables, net		71,030	74,106
Inventories		162,465	170,788
Other current assets		27,352	34,097
Total current assets		489,035	478,843
Property, plant and equipment, net		38,553	46,673
Deferred and non-current income taxes		20,323	19,985
Other non-current assets		37,259	37,522
Total assets		585,170	583,023
Current liabilities:
Loans payable to bank, current		5,000
Accounts payable		27,308	27,767
Accrued liabilities		28,570	25,921
Accrued payroll and benefits		11,047	5,012
Income taxes payable		6,257	7,147
Total current liabilities		78,182	65,847
Loans payable to bank		35,000
Deferred and non-current income taxes payable		2,640	3,695
Other non-current liabilities		28,201	29,196
Total liabilities		$ 144,023	$ 98,738
Commitments and contingencies (Note 10)
Equity:
Preferred Stock, $0.01 par value, 5,000,000 shares authorized; no shares issued
Capital in excess of par value		$ 178,118	$ 174,826
Retained earnings		392,788	358,006
Accumulated other comprehensive income		68,505	98,854
Treasury Stock, 10,664,512 and 8,784,497 shares, respectively, at cost		(199,195)	(149,811)
Total Movado Group, Inc. shareholders' equity		440,552	482,209
Noncontrolling interests		595	2,076
Total equity		441,147	484,285
Total liabilities and equity		585,170	583,023
Common Stock Class Undefined
Equity:
Common Stock		270	268
Total equity	[1]	270	268
Class A Common Stock
Equity:
Common Stock		66	66
Total equity	[2]	$ 66	$ 66
[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.

CONSOLIDATED BALANCE SHEETS (PA

CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - $ / shares	Jan. 31, 2016	Jan. 31, 2015
Preferred Stock, par value	$ 0.01	$ 0.01
Preferred Stock, shares authorized	5,000,000	5,000,000
Preferred Stock, shares issued	0	0
Treasury Stock, shares	10,664,512	8,784,497
Common Stock Class Undefined
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	100,000,000	100,000,000
Common Stock, shares issued	26,962,656	26,849,080
Class A Common Stock
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	30,000,000	30,000,000
Common Stock, shares issued	6,644,105	6,642,184
Common Stock, shares outstanding	6,644,105	6,642,184

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands		12 Months Ended
		Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2014
Cash flows from operating activities:
Net income including noncontrolling interests		$ 45,765	$ 51,900	$ 51,545
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		13,156	12,469	12,233
Write-down of inventories		3,108	2,514	5,586
Transactional (gains) / losses		(2,388)	2,493	1,403
Deferred income taxes		(1,817)	6,316	4,169
Gain on sale of asset held for sale				(1,526)
Gain on available-for-sale securities			(131)
Stock-based compensation		6,123	5,753	3,787
Excess tax shortfall / (benefit) from stock-based compensation		31	(1,270)	(915)
Operating efficiency initiatives and other items	[1]	3,996
Loss on disposal of fixed assets		310
Changes in assets and liabilities:
Trade receivables		(354)	(9,334)	(7,304)
Inventories		(3,133)	4,523	(19,077)
Other current assets		2,808	(3,323)	(5,141)
Accounts payable		774	(5,357)	11,581
Accrued liabilities		(94)	(1,582)	(4,171)
Accrued payroll and benefits		6,035	(9,443)	(1,887)
Income taxes payable		(746)	4,300	7,054
Other non-current assets		1,864	(3,954)	(5,752)
Other non-current liabilities		(848)	3,722	2,931
Net cash provided by operating activities		74,590	59,596	54,516
Cash flows from investing activities:
Capital expenditures		(8,070)	(11,132)	(16,707)
Trademarks and other intangibles		(650)	(118)	(285)
Short-term investment				(33,099)
Long-term investment		(435)	(1,200)
Proceeds from short-term investment			33,736
Proceeds from available-for-sale securities			307
Proceeds from asset held for sale				2,196
Net cash (used in) / provided by investing activities		(9,155)	21,593	(47,895)
Cash flows from financing activities:
Proceeds from bank borrowings		50,000
Repayments of bank borrowings		(10,000)
Stock options exercised and other changes		(25)	291	(305)
Excess tax (shortfall) / benefit from stock-based compensation		(31)	1,270	915
Stock repurchase		(48,748)	(26,382)	(10,488)
Purchase of incremental ownership of joint venture with TWC		(4,267)
Debt issuance cost		(339)	(936)
Distribution of noncontrolling interests earnings			(319)
Dividends paid		(10,312)	(10,104)	(6,637)
Net cash (used in) financing activities		(23,722)	(36,180)	(16,515)
Effect of exchange rate changes on cash and cash equivalents		(13,377)	(2,816)	(336)
Net increase / (decrease) in cash and cash equivalents		28,336	42,193	(10,230)
Cash and cash equivalents at beginning of year		199,852	157,659	167,889
Cash and cash equivalents at end of year		$ 228,188	$ 199,852	$ 157,659
[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 $4.9 million in the United States and International locations of the Wholesale segment, respectively.

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($) $ in Thousands		Total	Common Stock Class Undefined	[1]	Class A Common Stock	[2]	Capital in Excess of Par Value	Retained Earnings	Accumulated Other Comprehensive Income	Treasury Stock	Noncontrolling Interests
Beginning Balance at Jan. 31, 2013		$ 425,692	$ 264		$ 66		$ 159,696	$ 272,094	$ 102,271	$ (110,701)	$ 2,002
Net income		51,545						50,877			668
Dividends		(6,637)						(6,637)
Stock options exercised, net of tax		610	2				1,825			(1,217)
Supplemental executive retirement plan		34					34
Stock-based compensation expense		3,787					3,787
Net unrealized gain (loss) on investments, net of tax benefit		213							213
Foreign currency translation adjustments	[3]	1,234							1,218		16
Stock repurchase		(10,488)								(10,488)
Ending Balance at Jan. 31, 2014		465,990	266		66		165,342	316,334	103,702	(122,406)	2,686
Net income		51,900						51,776			124
Dividends		(10,104)						(10,104)
Stock options exercised, net of tax		1,561	2				2,967			(1,408)
Distribution of noncontrolling interest earnings		(319)									(319)
Supplemental executive retirement plan		93					93
Stock-based compensation expense		5,753					5,753
Stock donation		1,056					671			385
Net unrealized gain (loss) on investments, net of tax benefit		29							29
Gain on available-for-sale securities, net of tax benefit		(81)							(81)
Foreign currency translation adjustments	[3]	(5,211)							(4,796)		(415)
Stock repurchase		(26,382)								(26,382)
Ending Balance at Jan. 31, 2015		484,285	268		66		174,826	358,006	98,854	(149,811)	2,076
Net income		45,765						45,094			671
Dividends		(10,312)						(10,312)
Stock options exercised, net of tax		(56)	2				578			(636)
Joint venture incremental share purchase		(5,828)					(3,613)				(2,215)
Supplemental executive retirement plan		204					204
Stock-based compensation expense		6,123					6,123
Net unrealized gain (loss) on investments, net of tax benefit		(22)							(22)
Net change in effective portion of hedging contracts		50							50
Foreign currency translation adjustments	[3]	(30,314)							(30,377)		63
Stock repurchase		(48,748)								(48,748)
Ending Balance at Jan. 31, 2016		$ 441,147	$ 270		$ 66		$ 178,118	$ 392,788	$ 68,505	$ (199,195)	$ 595
[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.

CONSOLIDATED STATEMENTS OF CHA9

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (PARENTHETICAL) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2014
Dividends per share	$ 0.44	$ 0.40	$ 0.26
Stock options exercised, tax	$ 31	$ 1,270	$ 915
Net unrealized gain (loss) on investments, tax	(15)	18	77
Net change in effective portion of hedging contracts, tax	10	0	0
Gain on available-for-sale securities, tax benefit	$ 0	$ 50	$ 0
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
Common stock, Conversion basis	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.

Reclassifications

Reclassifications	12 Months Ended
	Jan. 31, 2016
Reclassifications [Abstract]
Reclassifications	NOTE 1 – RECLASSIFICATIONS Certain reclassifications were made to prior years’ financial statement amounts and related note disclosures to conform to fiscal 2016 presentation. As a result of early adoption of ASU 2015-17, “Income Taxes: Balance Sheet Classification of Deferred Taxes,” current deferred tax liabilities and assets were reclassified to non-current in all periods presented.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Jan. 31, 2016
Accounting Policies [Abstract]
Significant Accounting Policies	NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES Organization and Business Movado Group, Inc. (together with its subsidiaries, the “Company”) designs, sources, markets and distributes quality watches with prominent brands in almost every price category comprising the watch industry. In fiscal 2016, the Company marketed nine distinctive brands of watches: Coach, Concord, Ebel, Scuderia Ferrari, HUGO BOSS, Juicy Couture, Lacoste, Movado, and Tommy Hilfiger, which compete in most segments of the watch market. Movado (with the exception of Movado BOLD), Ebel and Concord watches are manufactured in Switzerland by independent third party assemblers. All Movado (with the exception of Movado BOLD), Ebel and Concord watches are manufactured using Swiss movements. All of the Company’s products are manufactured using components obtained from third party suppliers. A majority of Movado BOLD watches are manufactured by independent contractors in Asia using Swiss movements. Coach, Tommy Hilfiger, HUGO BOSS, Juicy Couture, Lacoste and Scuderia Ferrari watches are manufactured by independent contractors in Asia. In addition to its sales to trade customers and independent distributors, the Company also operates retail outlet locations throughout the United States, through which it sells discontinued models and factory seconds of all of the Company’s watches. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries and a majority-owned joint venture. Intercompany transactions and balances have been eliminated. Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. The Company uses estimates when accounting for sales discounts, returns, allowances and incentives, warranties, income taxes, depreciation, amortization, inventory write-downs, stock-based compensation, contingencies, impairments and asset and liability valuations. Translation of Foreign Currency Financial Statements and Foreign Currency Transactions The financial statements of the Company’s international subsidiaries have been translated into United States dollars by translating balance sheet accounts at year-end exchange rates and statement of operations accounts at average exchange rates for the year. Foreign currency transaction gains and losses are charged or credited to earnings as incurred. Foreign currency translation gains and losses are reflected in the equity section of the Company’s consolidated balance sheet in Accumulated Other Comprehensive Income. The balance of the foreign currency translation adjustment, included in Accumulated Other Comprehensive Income, was $68.3 million and $98.6 million as of January 31, 2016 and 2015, respectively. Cash and Cash Equivalents Cash equivalents include all highly liquid investments with original maturities at date of purchase of three months or less. Trade Receivables Trade receivables as shown on the consolidated balance sheets are net of various allowances. The allowance for doubtful accounts is determined through an analysis of the aging of accounts receivable, assessments of collectability based on historical trends, the financial condition of the Company’s customers and an evaluation of economic conditions. The Company writes off uncollectible trade receivables once collection efforts have been exhausted and third parties confirm the balance is not recoverable. The Company’s trade customers include department stores, jewelry store chains and independent jewelers. All of the Company’s watch brands, except ESQ Movado, are also marketed outside the U.S. through a network of independent distributors. Accounts receivable are stated net of doubtful accounts, returns and allowances of $17.7 million (additionally $1.6 million was recorded in non-current assets), $16.6 million (additionally $0.5 million was recorded in non-current assets) and $23.1 million at January 31, 2016, 2015 and 2014, respectively. Accounts receivable are also stated net of co-operative advertising allowances of $9.8 million, $13.2 million, and $12.0 million at January 31, 2016, 2015, and 2014, respectively. Co-operative advertising allowances are credits taken by the customer at a future date on previously executed co-operative advertising. In fiscal 2014, the Company recorded return reserves of $7.8 million, for anticipated returns which resulted from the Company’s strategic decision to reduce the presence of ESQ Movado watches in certain retail doors while expanding the Movado brand offering. The Company’s concentrations of credit risk arise primarily from accounts receivable related to trade customers during the peak selling seasons. The Company has significant accounts receivable balances due from major national chain and department stores. The Company’s results of operations could be materially adversely affected in the event any of these customers or a group of these customers defaulted on all or a significant portion of their obligations to the Company as a result of financial difficulties. As of January 31, 2016, except for those accounts provided for in the reserve for doubtful accounts, the Company knew of no situations with any of the Company’s major customers which would indicate any such customer’s inability to make its required payments. In fiscal 2016, sales to Signet Jewelers Limited and Macy’s Inc., and their respective affiliates, represented approximately 20.7% of the Company’s total net sales, and approximately 23.2% of the Company’s net sales in the Wholesale segment. Inventories The Company values its inventory at the lower of cost or market. Cost is determined using the average cost method. The Company performs reviews of its on-hand inventory to determine amounts, if any, of inventory that is deemed discontinued, excess, or unsaleable. Inventory classified as discontinued, together with the related component parts which can be assembled into saleable finished goods, is sold primarily through the Company’s outlet stores. When management determines that finished product is unsaleable, could not be sold at net realizable value or that it is economically impractical to build the excess components into watches for sale, a charge is recorded to value those products and components at the lower of cost or market. Property, Plant and Equipment Property, plant and equipment are stated at cost less accumulated depreciation. Depreciation of buildings is provided using the straight-line method based on the useful life of 40 years. Depreciation of furniture and equipment is provided using the straight-line method based on the estimated useful lives of assets, which range from four to ten years. Computer software is amortized using the straight-line method over the useful life of five to ten years. Leasehold improvements are amortized using the straight-line method over the lesser of the term of the lease or the estimated useful life of the leasehold improvement. Design fees and tooling costs are amortized using the straight-line method based on the useful life of three years. Upon the disposition of property, plant and equipment, the accumulated depreciation is deducted from the original cost and any gain or loss is reflected in current earnings. Intangibles Intangible assets consist primarily of trademarks and developed technology and are recorded at cost. Trademarks and developed technology are amortized over a range from four to ten years. At January 31, 2016 and 2015, intangible assets at cost were $7.9 million and $13.0 million, respectively, and related accumulated amortization of intangibles was $6.4 million and $11.8 million, respectively. Amortization expense for fiscal 2016, 2015 and 2014 was $0.3 million, $0.3 million and $0.4 million, respectively. Long-Lived Assets The Company periodically reviews the estimated useful lives of its property, plant and equipment and intangible assets based on factors including historical experience, the expected beneficial service period of the asset, the quality and durability of the asset and the Company’s maintenance policy including periodic upgrades. Changes in useful lives are made on a prospective basis unless factors indicate the carrying amounts of the assets may not be recoverable and an impairment write-down is necessary. The Company performs an impairment review of its long-lived assets once events or changes in circumstances indicate, in management’s judgment, that the carrying value of such assets may not be recoverable. When such a determination has been made, management compares the carrying value of the asset groups with their estimated future undiscounted cash flows. If it is determined that an impairment has occurred, the loss is recognized during that period. The impairment is calculated as the difference between asset carrying values and the fair value of the long-lived assets. Deferred Rent Obligations and Contributions from Landlords The Company accounts for rent expense under non-cancelable operating leases with scheduled rent increases on a straight-line basis over the lease term. The excess of straight-line rent expense over scheduled payments is recorded as a deferred liability. In addition, the Company receives build out contributions from landlords primarily as an incentive for the Company to lease retail store space from the landlords. This is also recorded as a deferred liability. Such amounts are amortized as a reduction of rent expense over the life of the related lease. Capitalized Software Costs The Company capitalizes certain computer software costs after technological feasibility has been established. The costs are amortized utilizing the straight-line method over the economic lives of the related products ranging from five to ten years. Derivative Financial Instruments The Company accounts for its derivative financial instruments in accordance with the accounting 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 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 forward contracts to further reduce the net exposures to currency fluctuations. 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 mostly 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. The Company does not exclude any designated cash flow hedges from its effectiveness testing. 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. 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 in earnings in the period they arise, thereby offsetting the current earnings effect resulting from the revaluation 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. Revenue Recognition In the Wholesale segment, the Company recognizes its revenues upon transfer of title and risk of loss in accordance with its FOB shipping point terms of sale and after the sales price is fixed and determinable and collectability is reasonably assured. In the Retail segment, transfer of title and risk of loss occurs at the time of register receipt. The Company records estimates for sales returns, volume-based programs and sales and cash discount allowances as a reduction of revenue in the same period that the sales are recorded. These estimates are based upon historical analysis, customer agreements and/or currently known factors that arise in the normal course of business. While returns have historically been within the Company’s expectations and the provisions established, future return rates may differ from those experienced in the past. During the fourth quarter of fiscal 2016, the Company announced the launch of two distinct smart watch collections with iOS and Android compatible software apps: Movado Motion (Swiss watches utilizing Silicon Valley’s Fullpower Technologies, Inc.’s Motion X-365 end to end solution) and Movado’s BOLD Motion (watches utilizing HP Inc.’s smart accessories technologies). Smart watches contain hardware and software components. Software components consist of both firmware embedded in the physical watch as well as an app that will run on iOS and Android mobile devices. The hardware and software components function together to deliver the watches’ essential functionality. As typical with numerous consumer products containing embedded or companion software, updates to the software will be provided from time to time, when and if available. Updates are generally limited to bug fixes or enhancements that incrementally improve on the existing functionality. Arrangements, including those that combine hardware (watch) with software that function together to deliver the watch’s essential functionality are considered multiple element arrangements and are subject to the accounting principles applicable to such arrangements. For multiple element arrangements that include smart watches containing software essential to the smart watch’s functionality and undelivered software elements (cloud service updates and app upgrades) that relate to the smart watch’s essential software, the Company allocates revenue to all deliverables based on their relative selling prices. In such circumstances, the accounting principles establish a hierarchy to determine the selling price to be used for allocating revenue to deliverables as follows: (i) vendor-specific objective evidence of fair value (VSOE), (ii) third-party evidence of selling price (TPE), and (iii) best estimate of the selling price (ESP). Because the Company has neither VSOE nor TPE for the software elements, revenue is allocated to these rights and services based on the Company’s ESPs. ESPs for the software elements reflect the Company’s best estimate of the selling prices if they were sold regularly on a stand-alone basis. The Company has identified multiple deliverables contained in its smart watch collections. The first deliverable is the watch along with the software essential to the functionality of the watch delivered at the time of sale. The second deliverable is the software included free of charge that enables users to sync and view data on the Company’s mobile app. The third deliverable is the embedded right included with the purchase to receive unspecified firmware and software upgrades, when and if available. The Company allocates revenue to all deliverables using the relative selling price method. Amounts allocated to the delivered smart watch collections and the related essential software are recognized at the time of sale, provided the other conditions for revenue recognition have been met. Amounts allocated to the cloud service and app updates are deferred and recognized on a straight-line basis over the estimated two year period the updates are expected to be provided. During the fourth quarter of fiscal 2016, the smart watches became available in limited quantities and in limited distribution, in time for the 2015 holiday season, and, as a result, these deferred amounts were immaterial as of January 31, 2016. Cost of Sales Cost of sales of the Company’s products consist primarily of component costs, royalties, depreciation, amortization, assembly costs and unit overhead costs associated with the Company’s supply chain operations in Switzerland and Asia. The Company’s supply chain operations consist of logistics management of assembly operations and product sourcing in Switzerland and Asia and minor assembly in Switzerland. Cost of sales of the Company’s products includes costs for raw material and components, as well as labor for assembly of finished goods, all of which can be impacted by inflation. Since a substantial amount of the Company’s product costs are incurred in Swiss francs, fluctuations in the U.S. dollar/Swiss franc exchange rate can impact the Company’s cost of goods sold and, therefore, its gross margins. The Company reduces its exposure to the Swiss franc exchange rate risk 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 has the ability to hedge its Swiss franc purchases using a combination of forward contracts and purchased currency options. Selling, General and Administrative (“SG&A”) Expenses The Company’s SG&A expenses consist primarily of marketing, selling, distribution, general and administrative expenses. Marketing expenditures are based principally on overall strategic considerations relative to maintaining or increasing market share in markets that management considers to be crucial to the Company’s continued success as well as on general economic conditions in the various markets around the world in which the Company sells its products. Marketing expenses include salaries, various forms of media advertising, digital advertising and co-operative advertising with customers and distributors and other point of sale marketing and promotion spending. Selling expenses consist primarily of salaries, sales commissions, sales force travel and related expenses, depreciation and amortization, expenses associated with Baselworld Watch and Jewelry Show, the annual watch and jewelry trade show, and other industry trade shows and operating costs incurred in connection with the Company’s retail business. Sales commissions vary with overall sales levels. Retail selling expenses consist primarily of payroll and related expenses and store occupancy costs. Distribution expenses consist primarily of salaries of distribution staff, rental and other occupancy costs, security, depreciation and amortization of furniture and leasehold improvements and shipping supplies. General and administrative expenses consist primarily of salaries and other employee compensation including performance based compensation, employee benefit plan costs, office rent, management information systems costs, professional fees, bad debts, depreciation and amortization of furniture, computer software and leasehold improvements, patent and trademark expenses and various other general corporate expenses. Warranty Costs All watches sold by the Company come with limited warranties covering the movement against defects in material and workmanship for periods ranging from two to three years from the date of purchase, with the exception of Tommy Hilfiger watches, for which the warranty period is ten years. In addition, the warranty period is five years for the gold plating for Movado watch cases and bracelets. When changes in warranty costs are experienced, the Company will adjust the warranty liability as required. The Company records an estimate for future warranty costs based on historical repair costs. Warranty costs have historically been within the Company’s expectations and the provisions established. Warranty liability for the fiscal years ended January 31, 2016, 2015 and 2014 was as follows (in thousands): 2016 2015 2014 Balance, beginning of year $ 2,710 $ 2,660 $ 2,584 Provision charged to operations 1,630 2,710 2,660 Settlements made (1,784 ) (2,660 ) (2,584 ) Balance, end of year $ 2,556 $ 2,710 $ 2,660 Pre-opening Costs Costs associated with the opening of retail stores are expensed in the period incurred. Marketing The Company expenses the production costs of an advertising campaign at the commencement date of the advertising campaign. Included in marketing expenses are costs associated with co-operative advertising, media advertising, digital advertising, production costs and costs of point of sale materials and displays. These costs are recorded as SG&A expenses. The Company participates in co-operative advertising programs on a voluntary basis and receives a “separately identifiable benefit in exchange for the consideration.” Since the amount of consideration paid to the retailer does not exceed the fair value of the benefit received by the Company, these costs are recorded as SG&A expenses as opposed to being recorded as a reduction of revenue. Marketing expense for fiscal 2016, 2015 and 2014 was $74.5 million, $71.9 million and $74.4 million, respectively. Included in other current assets in the consolidated balance sheets as of January 31, 2016 and 2015 are prepaid advertising costs of $0.5 million and $0.5 million, respectively. These prepaid costs represent advertising costs paid to licensors in advance, pursuant to the Company’s licensing agreements and sponsorships. Shipping and Handling Costs Amounts charged to customers for shipping and handling were $2.2 million, $2.4 million and $2.6 million for fiscal years 2016, 2015 and 2014, respectively. The costs related to shipping and handling were $6.5 million, $6.3 million and $6.6 million for fiscal years 2016, 2015 and 2014, respectively. These amounts incurred by the Company related to shipping and handling are included in net sales and cost of goods sold. Income Taxes The Company follows the asset and liability method of accounting for income taxes under which deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax laws and tax rates, in each jurisdiction where the Company operates, and applied to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities due to a change in tax rates is recognized in income in the period that includes the enactment date. In addition, the amounts of any future tax benefits are reduced by a valuation allowance to the extent such benefits are not expected to be realized on a more-likely-than-not basis. The Company calculates estimated income taxes in each of the jurisdictions in which it operates. This process involves estimating actual current tax expense along with assessing temporary differences resulting from differing treatment of items for both book and tax purposes. The Company follows guidance for accounting for uncertainty in income taxes. This guidance clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement standard for the financial statement recognition and measurement of an income tax position taken or expected to be taken in a tax return. This guidance also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosures and transitions. Earnings Per Share The Company presents net income 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 weighted-average number of shares outstanding for basic earnings per share were approximately 23,525,000, 25,276,000 and 25,506,000 for fiscal 2016, 2015 and 2014, respectively. For the fiscal years ended January 31, 2016, 2015 and 2014, the number of shares outstanding for diluted earnings per share were approximately 23,774,000, 25,581,000 and 25,849,000, respectively. For the fiscal years ended January 31, 2016, 2015 and 2014, the number of shares outstanding for diluted earnings per share included approximately 249,000, 305,000 and 343,000 due to potentially dilutive common stock equivalents issuable under the Company’s stock compensation plans. For the fiscal years ended January 31, 2016, 2015 and 2014 approximately 637,000, 102,000 and 85,000, respectively, of potentially dilutive common stock equivalents were excluded from the computation of dilutive earnings per share because their effect would have been antidilutive. Stock-Based Compensation Under the accounting guidance for share-based payments, the Company utilizes the Black-Scholes option-pricing model which requires that certain assumptions be made to calculate the fair value of each option at the grant date. The expected life of stock option grants is determined using historical data and represents the time period during which the stock option is expected to be outstanding until it is exercised. The risk free interest rate is the yield on the grant date of U.S. Treasury constant maturities with a maturity date closest to the expected life of the stock option. The expected stock price volatility is derived from historical volatility and calculated based on the estimated term structure of the stock option grant. The expected dividend yield is calculated using the Company’s historical average of annualized dividend yields and applied over the expected term of the option. Compensation expense for equity instruments is accrued based on the estimated number of instruments for which the requisite service is expected to be rendered and expensed on a straight-line basis over the vesting term.

Inventories

Inventories	12 Months Ended
	Jan. 31, 2016
Inventory Disclosure [Abstract]
Inventories	NOTE 3 – INVENTORIES Inventories consisted of the following (in thousands): As of January 31, 2016 2015 Finished goods $ 117,627 $ 115,435 Component parts 41,041 49,790 Work-in-process 3,797 5,563 $ 162,465 $ 170,788

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Jan. 31, 2016
Property Plant And Equipment [Abstract]
Property, Plant and Equipment	NOTE 4 – PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment, at cost, consisted of the following (in thousands): As of January 31, 2016 2015 Land and buildings $ 1,574 $ 2,000 Furniture and equipment 58,617 66,414 Computer software 31,747 28,968 Leasehold improvements 31,646 30,905 Design fees and tooling costs 1,399 2,559 124,983 130,846 Less: accumulated depreciation (86,430 ) (84,173 ) $ 38,553 $ 46,673 Depreciation and amortization expense from operations related to property, plant and equipment for fiscal 2016, 2015 and 2014 was $12.4 million, $11.9 million and $11.8 million, respectively, which includes computer software amortization expense for fiscal 2016, 2015 and 2014 of $3.5 million, $3.0 million and $3.8 million, respectively .

Debt and Lines of Credit

Debt and Lines of Credit	12 Months Ended
	Jan. 31, 2016
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 (collectively, 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 (the “Security Agreement”). As of January 31, 2016, $40.0 million in loans were drawn under the Facility. Additionally, approximately $3.6 million in letters of credit, which were outstanding under the Borrower’s pre-existing asset-based revolving credit facility that was concurrently terminated when the Credit Agreement became effective, are deemed to be issued and outstanding under the Facility. As of January 31, 2016, availability under the Facility was approximately $56.4 million. Borrowings under the Facility bear interest at rates selected periodically by the Company at LIBOR plus a spread ranging from 1.25% to 1.75% per annum, based on the Company’s consolidated leverage ratio or at a base rate plus a spread ranging from 0.25% to 0.75% per annum based on the Company’s consolidated leverage ratio. At January 31, 2016, the Company’s spreads were 1.50% over LIBOR and 0.50% over the base rate. 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, 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 Borrowers’ 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 (as defined in the Credit Agreement) 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 (as defined in the Credit Agreement) covenant not to exceed 2.50 to 1.00, measured as of the last day of each fiscal quarter. As of January 31, 2016, 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 January 31, 2016, the Company classified $5.0 million of the outstanding balance under the Facility as current based on voluntary pre-payments estimated to be made in the next twelve months, with the remainder classified as long-term debt based on the 2020 maturity date of the Facility and the Company's intent and ability to refinance its obligations thereunder. A Swiss subsidiary of the Company maintains unsecured lines of credit with an unspecified maturity with a Swiss bank. As of January 31, 2016 and 2015, these lines of credit totaled 5.0 million Swiss francs with a dollar equivalent of $4.9 million and $5.4 million, respectively. As of January 31, 2016 and 2015, there were no borrowings against these lines. As of January 31, 2016 and 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, of which $0.4 million is a restricted deposit as it relates to a lease agreement, and $1.3 million in various foreign currencies, respectively.

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Jan. 31, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	NOTE 6 – DERIVATIVE FINANCIAL INSTRUMENTS As of January 31, 2016, the Company’s entire net forward contracts hedging portfolio consisted of 30.0 million Swiss francs equivalent and 5.0 million Euros equivalent for various expiry dates ranging through July 12, 2016. The following table summarizes the fair value and presentation in the Consolidated Balance Sheets for derivatives as of January 31, 2016 and 2015 (in thousands): Asset Derivatives Liability Derivatives Balance 2016 2015 Balance 2016 2015 Derivatives not designated as hedging instruments: Foreign Exchange Contracts Other Current $ 1 $ 1,298 Accrued Liabilities $ 1,163 $ 71 Total Derivative Instruments $ 1 $ 1,298 $ 1,163 $ 71 Asset Derivatives Liability Derivatives Balance 2016 2015 Balance 2016 2015 Derivatives designated as hedging instruments: Foreign Exchange Contracts Other Current $ 63 $ - Accrued Liabilities $ - $ - Total Derivative Instruments $ 63 $ - $ - $ - As of January 31, 2016, the balance of deferred net gains on derivative financial instruments documented as cash flow hedges included in accumulated other comprehensive income (“AOCI”) was $0.1 million, net of tax of $0.1 million. As of January 31, 2015, 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 fiscal year ended January 31, 2016, the amount the Company reclassified from AOCI to earnings was immaterial. For the fiscal year ended January 31, 2015, the Company had no reclassifications from AOCI to earnings. No ineffectiveness has been recorded in fiscal years 2016 and 2015, respectively.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Jan. 31, 2016
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Fair Value Measurements	NOTE 7 - 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 January 31, 2016 and 2015 (in thousands): Fair Value at January 31, 2016 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 268 $ — $ — $ 268 SERP assets - employer Other non-current assets 1,168 — — 1,168 SERP assets - employee Other non-current assets 24,853 — — 24,853 Hedge derivatives Other current assets — 64 — 64 Total $ 26,289 $ 64 $ — $ 26,353 Liabilities: SERP liabilities - employee Other non-current liabilities $ 24,853 $ — $ — $ 24,853 Hedge derivatives Accrued liabilities — 1,163 — 1,163 Total $ 24,853 $ 1,163 $ — $ 26,016 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 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 was based on the purchase price plus eight percent calculated annually. During the second quarter of fiscal 2016, 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 is tested quarterly for any impairment. During the fiscal year ended January 31, 2016 no impairment was recorded for this investment. The assets related to the Company’s defined contribution supplemental executive retirement plan (“SERP”) consist of both employer (employee unvested) and employee assets which are invested in investment funds with fair values calculated based on quoted market prices. The SERP liability represents the Company’s liability to the employees in the plan for their vested balances. The hedge derivatives are entered into by the Company principally to reduce its exposure to Swiss franc and Euro exchange rate risks. Fair values of the Company’s hedge derivatives are calculated based on quoted foreign exchange rates and quoted interest rates. The carrying amount of debt approximated fair value as of January 31, 2016.

Income Taxes

Income Taxes	12 Months Ended
	Jan. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 8 - INCOME TAXES Income before provision for income taxes on a legal entity basis consists of the following (in thousands): 2016 2015 2014 U.S. income before taxes $ 44,384 $ 34,099 $ 26,591 Non-U.S. income before tax $ 24,741 $ 37,065 $ 42,327 The Company conducts business globally and, as a result, is subject to income taxes in the U.S. federal, state, local and foreign jurisdictions. In the normal course of business, the Company is subject to examination by taxing authorities in many countries, such as Germany, Hong Kong, Switzerland and the United States. The Company is no longer subject to income tax examination in Switzerland and the rest of the world for years ended prior to January 31, 2006 and January 31, 2012, respectively, with few exceptions. The provision for income taxes for the fiscal years ended January 31, 2016, 2015 and 2014 consists of the following components (in thousands): 2016 2015 2014 Current: U.S. Federal $ 17,776 $ 8,412 $ 7,296 U.S. State and Local 1,434 770 866 Non-U.S. 5,291 3,945 5,043 24,501 13,127 13,205 Deferred: U.S. Federal (1,995 ) 3,763 183 U.S. State and Local (228 ) 420 (888 ) Non-U.S. 1,082 1,954 4,873 (1,141 ) 6,137 4,168 Provision for income taxes $ 23,360 $ 19,264 $ 17,373 Significant components of the Company’s deferred income tax assets and liabilities as of January 31, 2016 and 2015 are as follows (in thousands): 2016 Deferred Taxes 2015 Deferred Taxes Assets Liabilities Assets Liabilities Net operating loss carryforwards $ 9,182 $ — $ 9,231 $ — Inventory 3,103 — 3,112 — Unprocessed returns 1,538 — 1,565 — Receivables allowances 847 — 951 — Deferred compensation 16,286 — 14,098 — Unrepatriated earnings — 2,877 — 2,715 Capital loss carryforwards 216 790 Depreciation/amortization — 1,234 — 307 Other provisions/accruals 200 — 91 — Miscellaneous 992 — 955 — 32,364 4,111 30,793 3,022 Valuation allowance (8,089 ) — (8,307 ) — Total deferred tax assets and liabilities $ 24,275 $ 4,111 $ 22,486 $ 3,022 As of January 31, 2016, the Company had no U.S. federal net operating loss carryforwards and had U.S. state and foreign net operating loss carryforwards of approximately $17.6 million and $32.1 million, respectively, with expiration dates ranging from 2-20 years and some foreign jurisdictions with an indefinite carryforward period. Of the foreign net operating losses, $13.0 million are related to Switzerland and the remaining is primarily related to Germany and Canada. A valuation allowance is required to be established unless management determines it is more likely than not that the Company will ultimately utilize the tax benefit associated with a deferred tax asset. During fiscal 2016, the Company released approximately $0.6 million of valuation allowance related to a capital loss carryforward due to the utilization of such loss to offset capital gains generated by the Company’s Supplemental Executive Retirement Plan. As of January 31, 2016, the Company had a deferred tax asset of approximately $0.2 million related to a domestic capital loss carryforward for which a full valuation allowance has been recorded. Management will continue to evaluate the appropriate level of valuation allowance on all deferred tax assets considering such factors as prior earnings history, expected future earnings, carryback and carryforward periods, and tax and business strategies that could potentially enhance the likelihood of realization of the deferred tax assets. The recognition of deductible windfall tax benefits related to stock-based compensation is prohibited until realized through a reduction to income taxes payable. Shortfall tax expense of $0.0 million and windfall tax benefits of $1.3 million and $0.9 million, were recorded in additional paid-in-capital during fiscal years 2016, 2015 and 2014, respectively. The provision for income taxes differs from the U.S. federal statutory rate due to the following (in thousands): Fiscal Year Ended January 31, 2016 2015 2014 Provision for income taxes at the U.S. statutory rate $ 24,194 $ 24,906 $ 24,121 Lower effective non-U.S. income tax rate (4,463 ) (7,257 ) (6,950 ) Change in valuation allowance 986 1,298 (996 ) U.S. tax provided on earnings of non-U.S. subsidiaries 1,029 639 580 Change in liabilities for uncertain tax positions, net (98) 179 (652) State and local taxes, net of federal benefit 1,234 693 719 (Benefit) provided on intercompany transactions — (1,652 ) — Other, net 478 458 551 Total provision for income taxes $ 23,360 $ 19,264 $ 17,373 The effective tax rate for fiscal 2016 was 33.8%, primarily as a result of foreign profits being taxed in lower taxing jurisdictions offset by U.S. tax provided on earnings of non-U.S. subsidiaries. The effective tax rate for fiscal 2015 was 27.1%, primarily as a result of foreign profits being taxed in lower taxing jurisdictions and the recognition of a tax benefit related to intercompany profit in certain jurisdictions. The effective tax rate for fiscal 2014 was 25.2%, primarily as a result of foreign profits being taxed in lower taxing jurisdictions and the release of liabilities for uncertain tax positions as a result of favorable U.S. and foreign audit settlements partially offset by no tax being realized on certain foreign net operating losses. The Company performs a quarterly assessment reviewing its global cash projections and investment needs, and considers such factors as projected future results, continued need for investment in the overseas business as well as cash needs in the U.S., among other countries. The Company has recorded a federal income tax liability of $2.9 million related to $12.6 million of pre-2013 foreign earnings which have been earmarked for future repatriation. A deferred tax liability has not been recorded for the remaining undistributed foreign earnings of approximately $290 million, because the Company intends to permanently reinvest such earnings in its foreign operations. It is not practicable to estimate the amount of tax that may be payable on the eventual distribution of these earnings. A reconciliation of the beginning and ending amounts of gross unrecognized tax benefits (exclusive of interest) for the fiscal years ended January 31, 2016, 2015 and 2014 are as follows (in thousands): 2016 2015 2014 Beginning balance $ 2,657 $ 2,740 $ 3,602 Additions for tax positions of prior years — — 959 Additions for tax positions taken in the current year 175 128 — Lapse of statute of limitations (311 ) (34) (1,214 ) Settlements — — (605 ) Non U.S. currency exchange fluctuations (40 ) (177) (2) Ending balance $ 2,481 $ 2,657 $ 2,740 Included in the balances at January 31, 2016, January 31, 2015 and January 31, 2014 are $2.4 million, $2.5 million, and $2.6 million of unrecognized tax benefits which would impact the Company’s effective tax rate, if recognized. Interest and penalties, if any, related to unrecognized tax benefits are recorded as income tax expense in the consolidated statement of operations. As of January 31, 2016, January 31, 2015 and January 31, 2014, the Company had $0.6 million, $0.7 million and $0.7 million, respectively of accrued interest (net of tax benefit) and penalties related to unrecognized tax benefits. During fiscal years 2016, 2015 and 2014, the Company accrued $0.1 million, $0.1 million and $0.1 million of interest (net of tax benefit) and penalties. On November 20, 2015, FASB issued ASU 2015-17, “Income Taxes: Balance Sheet Classification of Deferred Taxes,” which eliminates the current requirement for companies to present deferred tax liabilities and assets as current and non-current in a classified balance sheet. Instead, companies will be required to classify all deferred tax assets and liabilities as non-current. For public companies, the amendments are effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Earlier application is permitted. The Company has elected to early adopt this requirement retrospectively in the current period. The Company reclassified $6.2 million of net current deferred income tax assets from current to noncurrent at January 31, 2015.

Leases

Leases	12 Months Ended
	Jan. 31, 2016
Leases [Abstract]
Leases	NOTE 9 – LEASES The Company leases office, distribution, retail and manufacturing facilities, and office equipment under operating leases, which expire at various dates through February 2028. Certain leases include renewal options and the payment of real estate taxes and other occupancy costs. Some leases also contain rent escalation clauses (step rents) that require additional rent amounts in the later years of the term. Rent expense for leases with step rents is recognized on a straight-line basis over the minimum lease term. Likewise, capital funding and other lease concessions that are occasionally provided to the Company are recorded as deferred rent and amortized on a straight-line basis over the minimum lease term as adjustments to rent expense. Rent expense for equipment and distribution, factory and office facilities under operating leases was approximately $13.5 million, $13.5 million and $13.0 million in fiscal 2016, 2015 and 2014, respectively. Minimum annual rentals under noncancelable operating leases as of January 31, 2016, excluding real estate taxes and operating costs, are as follows (in thousands): Fiscal Year Ending January 31, 2017 $ 11,696 2018 9,121 2019 6,223 2020 3,159 2021 1,663 Thereafter 5,288 $ 37,150

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Jan. 31, 2016
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 10 – COMMITMENTS AND CONTINGENCIES As of January 31, 2016, the Company had outstanding letters of credit totaling $3.6 million with expiration dates through May 31, 2016 compared to $3.9 million with expiration dates through April 30, 2016 as of January 31, 2015. As of January 31, 2016, Bank of America, N.A. 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 January 31, 2016 and 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, of which $0.4 million is a restricted deposit as it relates to a lease agreement, and $1.3 million in various foreign currencies, respectively. The Company has minimum commitments related to the Company’s license agreements and endorsement agreements with brand ambassadors. The Company sources, distributes, advertises and sells watches pursuant to its exclusive license agreements with unaffiliated licensors. Royalty amounts under the license agreements are generally based on a stipulated percentage of revenues, although most of these agreements contain provisions for the payment of minimum annual royalty amounts. The license agreements have various terms and some have additional renewal options, provided that minimum sales levels are achieved. Additionally, the license agreements require the Company to pay minimum annual advertising amounts. As of January 31, 2016, the total amount of the Company’s minimum commitments related to its license agreements and endorsement agreements was $149.7 million. The Company had outstanding purchase obligations of $77.9 million with suppliers at the end of fiscal 2016 primarily for raw materials, finished watches and packaging in the normal course of business. These purchase obligation amounts do not represent total anticipated purchases but represent only amounts to be paid for items required to be purchased under agreements that are enforceable, legally binding and specify minimum quantity, price and term. 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. The Company is involved in legal proceedings and claims from time to time, although there were no material legal proceedings and claims impacting the Company that were pending as of January 31, 2016. Legal contingencies are recorded in accordance with the accounting guidance for contingencies. Contingencies are inherently unpredictable and it is possible that results of operations 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 in respect of which the Company believes that it is reasonably possible that a loss may result that is materially in excess of the accrual (if any) established 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. The Company is party to legal proceedings and contingencies, the resolution of which is not expected to materially affect its financial condition or future results of operations beyond the amounts accrued. 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.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Jan. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	NOTE 11 – 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 four of the Company’s non-employee directors, has the authority to grant incentive stock options and nonqualified stock options, as well as stock appreciation rights and stock awards, for up to 11,000,000 shares of common stock. Options granted to participants under the Plan generally become exercisable in equal installments over three or five years and remain exercisable until the tenth anniversary of the date of grant. The option price may not be less than the fair market value of the stock at the time the options are granted. The weighted-average assumptions used with the Black-Scholes option-pricing model for the calculation of the fair value of stock option grants during fiscal 2016 were: expected term of 5.0 years; risk-free interest rate of 1.34%; expected volatility of 48.77% and dividend yield of 0.81%. The weighted-average grant date fair value of options granted during the fiscal year ended January 31, 2016 was $12.31. The weighted-average assumptions used with the Black-Scholes option-pricing model for the calculation of the fair value of stock option grants during fiscal 2015 were: expected term of 5.0 years; risk-free interest rate of 1.64%; expected volatility of 51.13% and dividend yield of 0.68%. The weighted-average grant date fair value of options granted during the fiscal year ended January 31, 2015 was $17.99. The weighted-average assumptions used with the Black-Scholes option-pricing model for the calculation of the fair value of stock option grants during fiscal 2014 were: expected term of 5.0 years; risk-free interest rate of 0.72%; expected volatility of 62.12% and dividend yield of 1.28%. The weighted-average grant date fair value of options granted during the fiscal year ended January 31, 2014 was $14.40. Total compensation expense for stock option grants recognized during the fiscal years ended January 31, 2016, 2015 and 2014 was approximately $1.1 million, net of tax of $0.6 million and $1.2 million, net of tax of $0.7 million and $0.8 million, net of tax of $0.5 million, respectively. Expense related to stock option compensation is recognized on a straight-line basis over the vesting term. As of January 31, 2016, there was approximately $2.1 million of unrecognized compensation cost related to unvested stock options. These costs are expected to be recognized over a weighted-average period of 1.7 years. Total consideration received for stock option exercises during the fiscal years ended January 31, 2016, 2015 and 2014 was approximately $0.6 million, $1.7 million and $0.9 million, respectively. The tax shortfall realized on these exercises in fiscal 2016 was immaterial. Transactions for stock options under the Plan since fiscal 2013 are summarized as follows: Outstanding Weighted- January 31, 2013 561,489 $ 24.67 Options granted 106,440 $ 30.34 Options exercised (52,023 ) $ 17.54 Options cancelled (16,500 ) $ 26.59 January 31, 2014 599,406 $ 26.24 Options granted 116,880 $ 41.71 Options exercised (86,066 ) $ 19.75 Options cancelled (14,000 ) $ 26.59 January 31, 2015 616,220 $ 30.08 Options granted 126,880 $ 30.36 Options exercised (28,450 ) $ 21.49 Options cancelled (15,050 ) $ 33.32 January 31, 2016 699,600 $ 30.41 The total fair value of stock options exercised for the fiscal years ended January 31, 2016, 2015 and 2014 was approximately $0.2 million, $1.6 million and $1.1 million, respectively. The total fair value of the stock options vested for the fiscal years ended January 31, 2016 and 2014 was approximately $2.9 million and $0.1 million, respectively. There were no stock options vested for the fiscal year ended January 31, 2015. The following table summarizes outstanding and exercisable stock options as of January 31, 2016: Range of Exercise Prices Number Weighted- Weighted- Number Weighted- $18.03 - $21.02 4,500 0.3 $ 18.41 4,500 $ 18.41 $21.03 - $24.02 68,750 2.2 $ 22.29 68,750 $ 22.29 $24.03 - $27.02 219,700 6.2 $ 26.59 219,700 $ 26.59 $27.03 - $33.02 293,570 6.6 $ 30.98 71,500 $ 32.92 $33.03 - $42.02 29,780 8.4 $ 40.52 9,927 $ 40.52 $42.03 - $45.02 83,300 8.2 $ 42.12 - $ - 699,600 5.0 $ 30.41 374,377 $ 27.28 The total intrinsic value of outstanding stock options as of January 31, 2016, 2015 and 2014 was approximately $0.3 million, $0.2 million and $6.9 million, respectively. The total intrinsic value of exercisable stock options as of January 31, 2016, 2015 and 2014 was approximately $0.3 million, $0.2 million and $3.4 million, respectively. Under the Plan, the Company has the ability to grant stock awards to employees. Stock awards generally vest three to five years from the date of grant. Expense for these grants is recognized on a straight-line basis over the vesting period. The fair value of stock awards is equal to the closing price of the Company’s publicly-traded common stock on the grant date. For fiscal years 2016, 2015 and 2014, compensation expense for stock awards was approximately $2.7 million, net of tax of $1.7 million, $2.4 million, net of tax of $1.5 million and $1.6 million, net of tax of $0.9 million, respectively. Current accounting guidance requires forfeitures to be estimated at the time of grant in order to estimate the amount of share-based awards that will ultimately vest and thus, current period compensation expense has been adjusted for estimated forfeitures based on historical data. As of January 31, 2016, there was approximately $5.5 million of unrecognized compensation cost related to unvested stock awards. These costs are expected to be recognized over a weighted-average period of 1.6 years. Transactions for stock award units under the Plan since fiscal 2013 are summarized as follows: Number of Stock Award Weighted- January 31, 2013 343,381 $ 17.10 Units granted 140,922 $ 31.33 Units vested (147,552 ) $ 14.55 Units forfeited (33,581 ) $ 18.17 January 31, 2014 303,170 $ 24.84 Units granted 164,122 $ 41.32 Units vested (118,368 ) $ 18.66 Units forfeited (11,568 ) $ 33.58 January 31, 2015 337,356 $ 34.72 Units granted 136,310 $ 29.48 Units vested (83,578 ) $ 29.99 Units forfeited (15,490 ) $ 35.70 January 31, 2016 374,598 $ 33.83 Upon the vesting of a stock award, shares equal to the number of underlying stock award units are issued from the pool of authorized shares. The total fair value of stock award units that vested during fiscal 2016, 2015 and 2014 was approximately $2.5 million, $4.9 million, and $4.7 million, respectively. The tax shortfall realized on the vested stock awards for fiscal 2016 was immaterial. The weighted-average grant date fair values for stock awards for fiscal 2016, 2015, and 2014 were $29.48, $41.32 and $31.33, respectively. Unvested stock award units had a total fair value of approximately $9.6 million, $8.1 million, and $11.4 million for fiscal 2016, 2015 and 2014, respectively.

Other Employee Benefit Plans

Other Employee Benefit Plans	12 Months Ended
	Jan. 31, 2016
Defined Contribution Pension And Other Postretirement Plans Disclosure [Abstract]
Other Employee Benefit Plans	NOTE 12 – OTHER EMPLOYEE BENEFIT PLANS The Company maintains an Employee Savings Plan under Section 401(k) of the Internal Revenue Code. In addition, the Company maintains defined contribution employee benefit plans for its employees located in Switzerland. Company contributions and expenses of administering the plans were $2.2 million, $3.3 million and $3.3 million in fiscal 2016, 2015 and 2014, respectively. The Company maintains a defined contribution Deferred Compensation Plan (also known as a supplemental employee retirement plan or SERP). The SERP provides eligible executives with supplemental retirement benefits in addition to amounts received under the Company’s other retirement plans. The Company makes a matching contribution which vests equally over five years. During fiscal 2016, 2015 and 2014, the Company recorded expenses related to the SERP of $0.4 million, $0.5 million and $0.4 million, respectively.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	12 Months Ended
	Jan. 31, 2016
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Accumulated Other Comprehensive Income	NOTE 13 – ACCUMULATED OTHER COMPREHENSIVE INCOME The components of accumulated other comprehensive income at January 31, consisted of the following (in thousands): Currency Translation Available- Net Unrealized Accumulated Other Income Balance, January 31, 2015 $ 98,642 $ 211 $ 1 $ 98,854 Other comprehensive (loss) / (30,377) (22) 50 (30,349) Amounts reclassified from - - - - Net current-period other (30,377) (22) 50 (30,349) Balance, January 31, 2016 $ 68,265 $ 189 $ 51 $ 68,505 Currency Translation Available- Net Unrealized Accumulated Other Income Balance, January 31, 2014 $ 103,438 $ 263 $ 1 $ 103,702 Other comprehensive (loss) / (4,796 ) 29 - (4,767 ) Amounts reclassified from - (81 ) - (81 ) Net current-period other (4,796 ) (52 ) - (4,848 ) Balance, January 31, 2015 $ 98,642 $ 211 $ 1 $ 98,854 (1) Amounts in fiscal 2016 and 2015 were reclassified to earnings in the Consolidated Statements of Operations.

Segment and Geographic Informat

Segment and Geographic Information	12 Months Ended
	Jan. 31, 2016
Segment Reporting [Abstract]
Segment and Geographic Information	NOTE 14 – SEGMENT AND GEOGRAPHIC 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 and licensed brands, in addition to revenue generated from after-sales service activities and shipping. The Retail segment includes the Company’s retail outlet locations. 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 21.2%, 10.5%, 7.4% and 6.1%, respectively, of the Company’s total net sales for fiscal 2016. For fiscal 2015, the Company’s International operations in Europe, the Americas (excluding the United States), Asia and the Middle East accounted for 18.9%, 11.4%, 8.0% and 7.1%, respectively, of the Company’s total net sales. For fiscal 2014, the Company’s International operations in Europe, the Americas (excluding the United States), Asia, and the Middle East accounted for 18.5%, 12.4%, 8.1% and 7.8%, 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 as of and for the Fiscal Year Ended January 31, (in thousands): Net Sales (2) (6) 2016 2015 2014 Wholesale: Luxury brands category $ 219,012 $ 212,684 $ 220,267 Licensed brands category 297,227 294,316 276,356 After-sales service and all other 13,770 15,260 14,367 Total Wholesale 530,009 522,260 510,990 Retail 64,914 64,720 59,265 Consolidated total $ 594,923 $ 586,980 $ 570,255 Operating Income 2016 2015 2014 Wholesale $ 58,242 $ 58,236 $ 55,241 Retail 11,865 13,251 12,501 Consolidated total $ 70,107 $ 71,487 $ 67,742 Total Assets Capital Expenditures 2016 2015 2016 2015 2014 Wholesale $ 562,547 $ 562,462 $ 5,902 $ 9,321 $ 15,280 Retail 22,623 20,561 2,168 1,811 1,427 Consolidated total $ 585,170 $ 583,023 $ 8,070 $ 11,132 $ 16,707 Depreciation and Amortization 2016 2015 2014 Wholesale $ 11,561 $ 11,053 $ 10,965 Retail 1,595 1,416 1,268 Consolidated total $ 13,156 $ 12,469 $ 12,233 Geographic Location Data as of and for the Fiscal Year Ended January 31, (in thousands): Net Sales (2) (6) Operating Income 2016 2015 2014 2016 2015 2014 United States $ 326,206 $ 320,425 $ 303,095 $ 29,867 $ 18,811 $ 11,036 International 268,717 266,555 267,160 40,240 52,676 56,706 Consolidated total $ 594,923 $ 586,980 $ 570,255 $ 70,107 $ 71,487 $ 67,742 Total Assets Property, Plant and Equipment, Net 2016 2015 2016 2015 United States $ 215,053 $ 209,660 $ 24,517 $ 25,950 International 370,117 373,363 14,036 20,723 Consolidated total $ 585,170 $ 583,023 $ 38,553 $ 46,673 (1) Fiscal 2016 Wholesale and United States and International operating income included a $4.0 million charge as a result of actions taken by the Company in fiscal 2016 to achieve greater operating efficiencies and streamline its operations. ( 2 ) Fiscal 2014 Wholesale and United States net sales included a $7.8 million sales reserve, for anticipated returns resulting from the Company’s decision to reduce the presence of ESQ Movado while expanding the Movado brand offering in certain retail doors. ( 3 ) Fiscal 2014 Wholesale and United States operating income included a charge of $8.3 million related to its strategy to reduce the presence of ESQ Movado while expanding the Movado brand offering in certain retail doors. The $8.3 million charge consists of anticipated sales returns from select customers, inventory reserves and writes down of excess displays and point of sale materials related to this strategy. ( 4 ) Fiscal 2014 Wholesale and United States operating income included a $2.0 million donation to the Movado Group Foundation. ( 5 ) Fiscal 2014 Wholesale and United States operating income included $2.5 million duty refund received relating to payments made by the Company in calendar years 2008 through 2011 for drawback claims filed with U.S. Customs & Border Protection. ( 6 ) The United States and International net sales are net of intercompany sales of $309.1 million, $305.1 million and $338.6 million for the fiscal years ended January 31, 2016, 2015 and 2014, respectively. ( 7 ) The United States operating income included $27.0 million, $19.3 million and $26.5 million of unallocated corporate expenses for the fiscal years ended January 31, 2016, 2015 and 2014, respectively. ( 8 ) The International operating income included $44.5 million, $47.1 million and $44.2 million of certain intercompany profits related to the Company’s supply chain operations for the fiscal years ended January 31, 2016, 2015 and 2014, respectively.

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Jan. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Data (Unaudited)	NOTE 15 - QUARTERLY FINANCIAL DATA (UNAUDITED) The following table presents unaudited selected interim operating results of the Company for fiscal 2016 and 2015 (in thousands, except per share amounts): Quarter 1 st 2 nd 3 rd 4 th Fiscal 2016 Net sales $ 120,461 $ 145,569 $ 185,629 $ 143,264 Gross profit $ 62,449 $ 79,038 $ 100,092 $ 75,351 Income before income taxes $ 6,776 $ 18,013 $ 33,152 $ 11,184 Net income $ 3,641 $ 11,933 $ 21,910 $ 8,282 Net income attributed to Movado Group, Inc. $ 3,622 $ 12,053 $ 21,532 $ 7,888 Basic income per share: Net income attributed to Movado Group, Inc. $ 0.15 $ 0.51 $ 0.93 $ 0.34 Diluted income per share: Net income attributed to Movado Group, Inc. $ 0.15 $ 0.50 $ 0.92 $ 0.34 Fiscal 2015 Net sales $ 120,921 $ 143,591 $ 188,557 $ 133,911 Gross profit $ 65,151 $ 77,606 $ 99,842 $ 67,383 Income before income taxes $ 10,862 $ 17,079 $ 33,306 $ 9,917 Net income $ 7,429 $ 12,170 $ 22,417 $ 9,884 Net income attributed to Movado Group, Inc. $ 7,365 $ 12,151 $ 22,209 $ 10,051 Basic income per share: Net income attributed to Movado Group, Inc. $ 0.29 $ 0.48 $ 0.88 $ 0.40 Diluted income per share: Net income attributed to Movado Group, Inc. $ 0.29 $ 0.47 $ 0.87 $ 0.40 As each quarter is calculated as a discrete period, the sum of the four quarters may not equal the calculated full year amount. This is in accordance with prescribed reporting requirements.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	12 Months Ended
	Jan. 31, 2016
Supplemental Cash Flow Elements [Abstract]
Supplemental Cash Flow Information	NOTE 16 - SUPPLEMENTAL CASH FLOW INFORMATION The following is provided as supplemental information to the consolidated statements of cash flows (in thousands): Fiscal Year Ended January 31, 2016 2015 2014 Cash paid during the year for: Interest $ 797 $ 226 $ 282 Income taxes, net $ 22,500 $ 12,493 $ 8,013 Supplemental disclosures of non-cash investing activities: Additions to property, plant and equipment included in accrued liabilities $ - $ 127 $ -

Other Income

Other Income	12 Months Ended
	Jan. 31, 2016
Other Income And Expenses [Abstract]
Other Income	NOTE 17 – OTHER INCOME Other income for the fiscal year ended January 31, 2014 consisted of a $1.5 million pre-tax gain on the sale of a building. The Company received cash proceeds from the sale of $2.2 million in the first quarter of fiscal year 2014. Prior to the sale, the building had been classified as an asset held for sale in other current assets.

Net Income Attributed to Movado

Net Income Attributed to Movado Group, Inc. and Transfers to Noncontrolling Interest	12 Months Ended
	Jan. 31, 2016
Net Income Attributable To Group And Transfers To Noncontrolling Interest [Abstract]
Net Income Attributed to Movado Group, Inc. and Transfers to Noncontrolling Interest	NOTE 18 – NET INCOME ATTRIBUTED TO MOVADO GROUP, INC. AND TRANSFERS TO NONCONTROLLING INTEREST For Fiscal Year Ended January 31, 2016 2015 2014 Net income attributed to Movado Group, Inc. $ 45,094 $ 51,776 $ 50,877 Transfers to the noncontrolling interest Decrease in Movado Group, Inc.’s paid in capital for purchase of 49% of MGI-TWC B.V. common shares (3,613) - - Net transfers to noncontrolling interest (3,613) - - Change from net income attributed to Movado Group, Inc. and transfers to noncontrolling interest $ 41,481 $ 51,776 $ 50,877 On January 6, 2016, Movado Group, Inc. and Financiere TWC SA (“TWC”), a French company with established distribution, marketing and sales operations in France and Germany, terminated the joint venture agreement they entered into on August 31, 2005 (the “JV Agreement”) relating to MGI-TWC B.V., a Dutch holding company that wholly owns MGI-TWC SAS, a French corporation, and MGI-TWC GmbH, a German corporation (collectively, the “Subsidiaries”). Under the JV Agreement, the Company and TWC controlled 51% and 49%, respectively, of MGI-TWC B.V. On January 6, 2016 the JV Agreement was terminated in connection with the acquisition by the Company of the outstanding 49% ownership interest in MGI-TWC B.V. Since that date, the Company has accounted for the Subsidiaries as wholly-owned entities. The Subsidiaries continue to be responsible for the marketing, distribution and sale in France and Germany of the Company's licensed HUGO BOSS, Lacoste, Scuderia Ferrari and Tommy Hilfiger brands, as well as future brands licensed to the Company, subject to the terms of the applicable license agreements. As of January 31, 2016, the Company had a remaining balance of $1.4 million regarding this purchase.

Treasury Stock

Treasury Stock	12 Months Ended
	Jan. 31, 2016
Equity [Abstract]
Treasury Stock	NOTE 19 – TREASURY STOCK On March 31, 2016, the Board approved a share repurchase program under which the Company is 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 programs, block trades or otherwise. This authorization expires on September 30, 2017. 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 expired on January 31, 2016. During the fiscal year ended January 31, 2016, the Company repurchased a total of 1,858,939 shares of its common stock at a total cost of approximately $48.7 million, or an average of $26.22 per share, which included 28,000 shares repurchased from the Movado Group Foundation at a total cost of approximately $0.8 million, or an average of $27.33 per share. During the fiscal year ended January 31, 2015, the Company repurchased a total of 833,973 shares of its common stock at a total cost of approximately $26.4 million, or an average of $31.63 per share. There were 21,076 and 30,105 shares of common stock repurchased during the fiscal year ended January 31, 2016 and 2015, 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	12 Months Ended
	Jan. 31, 2016
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	NOTE 20 – RECENT ACCOUNTING PRONOUNCEMENTS On February 25, 2016, FASB issued ASU 2016-02, “Leases,” which requires lessees to recognize most leases on the balance sheet. This is expected to increase both reported assets and liabilities. The new lease standard does not substantially change lessor accounting. For public companies, the standard will be effective for the first interim reporting period within annual periods beginning after December 15, 2018, although early adoption is permitted. Lessees and lessors will be required to apply the new standard at the beginning of the earliest period presented in the financial statements in which they first apply the new guidance, using a modified retrospective transition method. The requirements of this standard include a significant increase in required disclosures. The Company is analyzing the impact of the adoption of this guidance on the Company’s consolidated financial statements, including assessing changes that might be necessary to information technology systems, processes and internal controls to capture new data and address changes in financial reporting. On January 5, 2016, FASB issued ASU 2016-01, “Financial Instruments: Recognition and Measurement of Financial Assets and Financial Liabilities,” which enhances the reporting model for financial instruments and includes amendments to address aspects of recognition, measurement, presentation and disclosure. For public companies, the amendment is effective for annual periods beginning after December 15, 2017. Early adoption is permitted for only certain portions of the new guidance. The Company is evaluating the impact of the adoption of this guidance on the Company’s consolidated financial statements. On November 20, 2015, FASB issued ASU 2015-17, “Income Taxes: Balance Sheet Classification of Deferred Taxes,” which eliminates the current requirement for companies to present deferred tax liabilities and assets as current and non-current in a classified balance sheet. Instead, companies will be required to classify all deferred tax assets and liabilities as non-current. For public companies, the amendments are effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Earlier application is permitted. The Company has elected to early adopt this requirement retrospectively in the current period. The Company reclassified $6.2 million of net current deferred income tax assets from current to noncurrent at January 31, 2015. 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 costs 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. On August 18, 2015, FASB clarified that the guidance in this pronouncement does not apply to line-of-credit arrangements. Accordingly, debt issuance costs for line-of-credit arrangements may continue to be presented as an asset that is amortized ratably over the term of the arrangement. 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 impact of the adoption of this guidance on the Company’s consolidated financial statements.

Operating Efficiency Initiative

Operating Efficiency Initiatives and Other Items	12 Months Ended
	Jan. 31, 2016
Restructuring And Related Activities [Abstract]
Operating Efficiency Initiatives and Other Items	NOTE 21 – 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. In the first quarter of fiscal 2016, the Company recorded $2.7 million of pre-tax expenses primarily for severance, occupancy charges, and fixed assets. In the fourth quarter of fiscal 2016, the Company recorded an additional pre-tax charge of $1.3 million primarily related to severance and the write-off of unamortized shop-in-shops with no expected future value. A summary roll forward 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 January 31, 2016 Severance (1) $ 1,080 $ 1,631 $ (1,836 ) $ — $ (244 ) $ 631 Occupancy charges (2) — 788 (249 ) — (180 ) 359 Fixed assets (3) — 1,577 — (1,577 ) — — Total $ 1,080 $ 3,996 $ (2,085 ) $ (1,577 ) $ (424 ) $ 990 (1) The total severance charges of $1.6 million include $1.0 million in SG&A and $0.6 million in Cost of sales on the Consolidated Statement of Operations for the fiscal year ended January 31, 2016. (2) Occupancy charges include expenses for rent, office equipment and legal expenses. The occupancy charge of $0.8 million is included in SG&A on the Consolidated Statement of Operations for the fiscal year ended January 31, 2016. (3) Fixed asset charges of $1.6 million are related to closing of certain shop-in-shops that were no longer in use and have no future value in Asia. The fixed asset charge of $1.6 million is included in SG&A on the Consolidated Statement of Operations for the fiscal year ended January 31, 2016. (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 $4.9 million in the United States and International locations of the Wholesale segment, respectively.

Subsequent Event

Subsequent Event	12 Months Ended
	Jan. 31, 2016
Subsequent Events [Abstract]
Subsequent Event	NOTE 22 – SUBSEQUENT EVENT On March 31, 2016, the Board approved a share repurchase program under which the Company is 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 programs, block trades or otherwise. This authorization expires on September 30, 2017. Also on March 31, 2016, the Company announced that Rick Coté, Vice Chairman and Chief Operating Officer, will retire in June 2016. He will remain on the Board of Directors of Movado Group, in which capacity he will continue to serve as a trusted advisor to the Company. The Company does not plan to replace the Chief Operating Officer role. The Company will record an approximate $2.0 million pre-tax charge for the immediate vesting of stock awards and certain other compensation related to Rick Coté’s retirement in fiscal 2017. The Company will record this charge in the first quarter of fiscal 2017.

Valuation and Qualifying Accoun

Valuation and Qualifying Accounts	12 Months Ended
	Jan. 31, 2016
Valuation And Qualifying Accounts [Abstract]
Valuation and Qualifying Accounts	Schedule II MOVADO GROUP, INC. VALUATION AND QUALIFYING ACCOUNTS (In thousands) Description Balance at Net provision Currency Net write-offs Balance at Year ended January 31, 2016: Doubtful accounts $ 3,247 $ 2,251 $ (190 ) $ (1,034 ) $ 4,274 Returns 8,736 27,433 (147 ) (25,166 ) 10,856 Other sales allowances 5,068 6,459 (65 ) (7,283 ) 4,179 Total $ 17,051 $ 36,143 $ (402 ) $ (33,483 ) $ 19,309 Year ended January 31, 2015: Doubtful accounts $ 3,315 $ 1,188 $ (132 ) $ (1,124 ) $ 3,247 Returns 16,323 25,194 (87 ) (32,694 ) 8,736 Other sales allowances 3,462 6,372 (105 ) (4,661 ) 5,068 Total $ 23,100 $ 32,754 $ (324 ) $ (38,479 ) $ 17,051 Year ended January 31, 2014: Doubtful accounts $ 4,356 $ 612 $ (27 ) $ (1,626 ) $ 3,315 Returns (1) * 7,448 35,515 (63 ) (26,577 ) 16,323 Other sales allowances 8,205 5,189 (52 ) (9,880 ) 3,462 Total $ 20,009 $ 41,316 $ (142 ) $ (38,083 ) $ 23,100 (1) In fiscal 2014, net provision and the ending balance for returns includes a $7.8 million sales reserve, for anticipated returns in fiscal 2015 which resulted from the Company’s decision to reduce the presence of ESQ Movado while expanding the Movado brand offering in certain retail doors. * Certain reclassifications were made to conform to the fiscal 2016 and 2015 presentation. Description Balance at Net provision Currency Adjustments Balance at Year ended January 31, 2016: Deferred tax asset valuation (1) $ 8,307 $ — $ (636 ) $ 418 $ 8,089 Year ended January 31, 2015: Deferred tax asset valuation (2) $ 7,798 $ — $ (801 ) $ 1,310 $ 8,307 Year ended January 31, 2014: Deferred tax asset valuation (3) $ 11,491 $ — $ (201 ) $ (3,492 ) $ 7,798 (1) The detail of adjustments is as follows: (2) The detail of adjustments is as follows: Prior year adjustments $ 177 Prior year adjustments and tax rate changes $ 29 Expired tax losses (745 ) P&L adjustments 1,281 P&L adjustments 986 $ 1,310 $ 418 (3) The detail of adjustments is as follows: Prior year adjustments and tax rate changes $ 238 Reversal due to merger / liquidations (2,302 ) P&L adjustments (1,428 ) $ (3,492 )

Significant Accounting Polici33

Significant Accounting Policies (Policies)	12 Months Ended
	Jan. 31, 2016
Accounting Policies [Abstract]
Organization and Business	Organization and Business Movado Group, Inc. (together with its subsidiaries, the “Company”) designs, sources, markets and distributes quality watches with prominent brands in almost every price category comprising the watch industry. In fiscal 2016, the Company marketed nine distinctive brands of watches: Coach, Concord, Ebel, Scuderia Ferrari, HUGO BOSS, Juicy Couture, Lacoste, Movado, and Tommy Hilfiger, which compete in most segments of the watch market. Movado (with the exception of Movado BOLD), Ebel and Concord watches are manufactured in Switzerland by independent third party assemblers. All Movado (with the exception of Movado BOLD), Ebel and Concord watches are manufactured using Swiss movements. All of the Company’s products are manufactured using components obtained from third party suppliers. A majority of Movado BOLD watches are manufactured by independent contractors in Asia using Swiss movements. Coach, Tommy Hilfiger, HUGO BOSS, Juicy Couture, Lacoste and Scuderia Ferrari watches are manufactured by independent contractors in Asia. In addition to its sales to trade customers and independent distributors, the Company also operates retail outlet locations throughout the United States, through which it sells discontinued models and factory seconds of all of the Company’s watches.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries and a majority-owned joint venture. Intercompany transactions and balances have been eliminated.
Use of Estimates in the Preparation of Financial Statements	Use of Estimates in the Preparation of Financial Statements The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. The Company uses estimates when accounting for sales discounts, returns, allowances and incentives, warranties, income taxes, depreciation, amortization, inventory write-downs, stock-based compensation, contingencies, impairments and asset and liability valuations.
Translation of Foreign Currency Financial Statements and Foreign Currency Transactions	Translation of Foreign Currency Financial Statements and Foreign Currency Transactions The financial statements of the Company’s international subsidiaries have been translated into United States dollars by translating balance sheet accounts at year-end exchange rates and statement of operations accounts at average exchange rates for the year. Foreign currency transaction gains and losses are charged or credited to earnings as incurred. Foreign currency translation gains and losses are reflected in the equity section of the Company’s consolidated balance sheet in Accumulated Other Comprehensive Income. The balance of the foreign currency translation adjustment, included in Accumulated Other Comprehensive Income, was $68.3 million and $98.6 million as of January 31, 2016 and 2015, respectively.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash equivalents include all highly liquid investments with original maturities at date of purchase of three months or less.
Trade Receivables	Trade Receivables Trade receivables as shown on the consolidated balance sheets are net of various allowances. The allowance for doubtful accounts is determined through an analysis of the aging of accounts receivable, assessments of collectability based on historical trends, the financial condition of the Company’s customers and an evaluation of economic conditions. The Company writes off uncollectible trade receivables once collection efforts have been exhausted and third parties confirm the balance is not recoverable. The Company’s trade customers include department stores, jewelry store chains and independent jewelers. All of the Company’s watch brands, except ESQ Movado, are also marketed outside the U.S. through a network of independent distributors. Accounts receivable are stated net of doubtful accounts, returns and allowances of $17.7 million (additionally $1.6 million was recorded in non-current assets), $16.6 million (additionally $0.5 million was recorded in non-current assets) and $23.1 million at January 31, 2016, 2015 and 2014, respectively. Accounts receivable are also stated net of co-operative advertising allowances of $9.8 million, $13.2 million, and $12.0 million at January 31, 2016, 2015, and 2014, respectively. Co-operative advertising allowances are credits taken by the customer at a future date on previously executed co-operative advertising. In fiscal 2014, the Company recorded return reserves of $7.8 million, for anticipated returns which resulted from the Company’s strategic decision to reduce the presence of ESQ Movado watches in certain retail doors while expanding the Movado brand offering. The Company’s concentrations of credit risk arise primarily from accounts receivable related to trade customers during the peak selling seasons. The Company has significant accounts receivable balances due from major national chain and department stores. The Company’s results of operations could be materially adversely affected in the event any of these customers or a group of these customers defaulted on all or a significant portion of their obligations to the Company as a result of financial difficulties. As of January 31, 2016, except for those accounts provided for in the reserve for doubtful accounts, the Company knew of no situations with any of the Company’s major customers which would indicate any such customer’s inability to make its required payments. In fiscal 2016, sales to Signet Jewelers Limited and Macy’s Inc., and their respective affiliates, represented approximately 20.7% of the Company’s total net sales, and approximately 23.2% of the Company’s net sales in the Wholesale segment.
Inventories	Inventories The Company values its inventory at the lower of cost or market. Cost is determined using the average cost method. The Company performs reviews of its on-hand inventory to determine amounts, if any, of inventory that is deemed discontinued, excess, or unsaleable. Inventory classified as discontinued, together with the related component parts which can be assembled into saleable finished goods, is sold primarily through the Company’s outlet stores. When management determines that finished product is unsaleable, could not be sold at net realizable value or that it is economically impractical to build the excess components into watches for sale, a charge is recorded to value those products and components at the lower of cost or market.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are stated at cost less accumulated depreciation. Depreciation of buildings is provided using the straight-line method based on the useful life of 40 years. Depreciation of furniture and equipment is provided using the straight-line method based on the estimated useful lives of assets, which range from four to ten years. Computer software is amortized using the straight-line method over the useful life of five to ten years. Leasehold improvements are amortized using the straight-line method over the lesser of the term of the lease or the estimated useful life of the leasehold improvement. Design fees and tooling costs are amortized using the straight-line method based on the useful life of three years. Upon the disposition of property, plant and equipment, the accumulated depreciation is deducted from the original cost and any gain or loss is reflected in current earnings.
Intangibles	Intangibles Intangible assets consist primarily of trademarks and developed technology and are recorded at cost. Trademarks and developed technology are amortized over a range from four to ten years. At January 31, 2016 and 2015, intangible assets at cost were $7.9 million and $13.0 million, respectively, and related accumulated amortization of intangibles was $6.4 million and $11.8 million, respectively. Amortization expense for fiscal 2016, 2015 and 2014 was $0.3 million, $0.3 million and $0.4 million, respectively.
Long-Lived Assets	Long-Lived Assets The Company periodically reviews the estimated useful lives of its property, plant and equipment and intangible assets based on factors including historical experience, the expected beneficial service period of the asset, the quality and durability of the asset and the Company’s maintenance policy including periodic upgrades. Changes in useful lives are made on a prospective basis unless factors indicate the carrying amounts of the assets may not be recoverable and an impairment write-down is necessary. The Company performs an impairment review of its long-lived assets once events or changes in circumstances indicate, in management’s judgment, that the carrying value of such assets may not be recoverable. When such a determination has been made, management compares the carrying value of the asset groups with their estimated future undiscounted cash flows. If it is determined that an impairment has occurred, the loss is recognized during that period. The impairment is calculated as the difference between asset carrying values and the fair value of the long-lived assets.
Deferred Rent Obligations and Contributions from Landlords	Deferred Rent Obligations and Contributions from Landlords The Company accounts for rent expense under non-cancelable operating leases with scheduled rent increases on a straight-line basis over the lease term. The excess of straight-line rent expense over scheduled payments is recorded as a deferred liability. In addition, the Company receives build out contributions from landlords primarily as an incentive for the Company to lease retail store space from the landlords. This is also recorded as a deferred liability. Such amounts are amortized as a reduction of rent expense over the life of the related lease.
Capitalized Software Costs	Capitalized Software Costs The Company capitalizes certain computer software costs after technological feasibility has been established. The costs are amortized utilizing the straight-line method over the economic lives of the related products ranging from five to ten years.
Derivative Financial Instruments	Derivative Financial Instruments The Company accounts for its derivative financial instruments in accordance with the accounting 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 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 forward contracts to further reduce the net exposures to currency fluctuations. 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 mostly 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. The Company does not exclude any designated cash flow hedges from its effectiveness testing. 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. 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 in earnings in the period they arise, thereby offsetting the current earnings effect resulting from the revaluation 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.
Revenue Recognition	Revenue Recognition In the Wholesale segment, the Company recognizes its revenues upon transfer of title and risk of loss in accordance with its FOB shipping point terms of sale and after the sales price is fixed and determinable and collectability is reasonably assured. In the Retail segment, transfer of title and risk of loss occurs at the time of register receipt. The Company records estimates for sales returns, volume-based programs and sales and cash discount allowances as a reduction of revenue in the same period that the sales are recorded. These estimates are based upon historical analysis, customer agreements and/or currently known factors that arise in the normal course of business. While returns have historically been within the Company’s expectations and the provisions established, future return rates may differ from those experienced in the past. During the fourth quarter of fiscal 2016, the Company announced the launch of two distinct smart watch collections with iOS and Android compatible software apps: Movado Motion (Swiss watches utilizing Silicon Valley’s Fullpower Technologies, Inc.’s Motion X-365 end to end solution) and Movado’s BOLD Motion (watches utilizing HP Inc.’s smart accessories technologies). Smart watches contain hardware and software components. Software components consist of both firmware embedded in the physical watch as well as an app that will run on iOS and Android mobile devices. The hardware and software components function together to deliver the watches’ essential functionality. As typical with numerous consumer products containing embedded or companion software, updates to the software will be provided from time to time, when and if available. Updates are generally limited to bug fixes or enhancements that incrementally improve on the existing functionality. Arrangements, including those that combine hardware (watch) with software that function together to deliver the watch’s essential functionality are considered multiple element arrangements and are subject to the accounting principles applicable to such arrangements. For multiple element arrangements that include smart watches containing software essential to the smart watch’s functionality and undelivered software elements (cloud service updates and app upgrades) that relate to the smart watch’s essential software, the Company allocates revenue to all deliverables based on their relative selling prices. In such circumstances, the accounting principles establish a hierarchy to determine the selling price to be used for allocating revenue to deliverables as follows: (i) vendor-specific objective evidence of fair value (VSOE), (ii) third-party evidence of selling price (TPE), and (iii) best estimate of the selling price (ESP). Because the Company has neither VSOE nor TPE for the software elements, revenue is allocated to these rights and services based on the Company’s ESPs. ESPs for the software elements reflect the Company’s best estimate of the selling prices if they were sold regularly on a stand-alone basis. The Company has identified multiple deliverables contained in its smart watch collections. The first deliverable is the watch along with the software essential to the functionality of the watch delivered at the time of sale. The second deliverable is the software included free of charge that enables users to sync and view data on the Company’s mobile app. The third deliverable is the embedded right included with the purchase to receive unspecified firmware and software upgrades, when and if available. The Company allocates revenue to all deliverables using the relative selling price method. Amounts allocated to the delivered smart watch collections and the related essential software are recognized at the time of sale, provided the other conditions for revenue recognition have been met. Amounts allocated to the cloud service and app updates are deferred and recognized on a straight-line basis over the estimated two year period the updates are expected to be provided. During the fourth quarter of fiscal 2016, the smart watches became available in limited quantities and in limited distribution, in time for the 2015 holiday season, and, as a result, these deferred amounts were immaterial as of January 31, 2016.
Cost of Sales	Cost of Sales Cost of sales of the Company’s products consist primarily of component costs, royalties, depreciation, amortization, assembly costs and unit overhead costs associated with the Company’s supply chain operations in Switzerland and Asia. The Company’s supply chain operations consist of logistics management of assembly operations and product sourcing in Switzerland and Asia and minor assembly in Switzerland. Cost of sales of the Company’s products includes costs for raw material and components, as well as labor for assembly of finished goods, all of which can be impacted by inflation. Since a substantial amount of the Company’s product costs are incurred in Swiss francs, fluctuations in the U.S. dollar/Swiss franc exchange rate can impact the Company’s cost of goods sold and, therefore, its gross margins. The Company reduces its exposure to the Swiss franc exchange rate risk 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 has the ability to hedge its Swiss franc purchases using a combination of forward contracts and purchased currency options.
Selling, General and Administrative ("SG&A") Expenses	Selling, General and Administrative (“SG&A”) Expenses The Company’s SG&A expenses consist primarily of marketing, selling, distribution, general and administrative expenses. Marketing expenditures are based principally on overall strategic considerations relative to maintaining or increasing market share in markets that management considers to be crucial to the Company’s continued success as well as on general economic conditions in the various markets around the world in which the Company sells its products. Marketing expenses include salaries, various forms of media advertising, digital advertising and co-operative advertising with customers and distributors and other point of sale marketing and promotion spending. Selling expenses consist primarily of salaries, sales commissions, sales force travel and related expenses, depreciation and amortization, expenses associated with Baselworld Watch and Jewelry Show, the annual watch and jewelry trade show, and other industry trade shows and operating costs incurred in connection with the Company’s retail business. Sales commissions vary with overall sales levels. Retail selling expenses consist primarily of payroll and related expenses and store occupancy costs. Distribution expenses consist primarily of salaries of distribution staff, rental and other occupancy costs, security, depreciation and amortization of furniture and leasehold improvements and shipping supplies. General and administrative expenses consist primarily of salaries and other employee compensation including performance based compensation, employee benefit plan costs, office rent, management information systems costs, professional fees, bad debts, depreciation and amortization of furniture, computer software and leasehold improvements, patent and trademark expenses and various other general corporate expenses.
Warranty Costs	Warranty Costs All watches sold by the Company come with limited warranties covering the movement against defects in material and workmanship for periods ranging from two to three years from the date of purchase, with the exception of Tommy Hilfiger watches, for which the warranty period is ten years. In addition, the warranty period is five years for the gold plating for Movado watch cases and bracelets. When changes in warranty costs are experienced, the Company will adjust the warranty liability as required. The Company records an estimate for future warranty costs based on historical repair costs. Warranty costs have historically been within the Company’s expectations and the provisions established. Warranty liability for the fiscal years ended January 31, 2016, 2015 and 2014 was as follows (in thousands): 2016 2015 2014 Balance, beginning of year $ 2,710 $ 2,660 $ 2,584 Provision charged to operations 1,630 2,710 2,660 Settlements made (1,784 ) (2,660 ) (2,584 ) Balance, end of year $ 2,556 $ 2,710 $ 2,660
Pre-opening Costs	Pre-opening Costs Costs associated with the opening of retail stores are expensed in the period incurred.
Marketing	Marketing The Company expenses the production costs of an advertising campaign at the commencement date of the advertising campaign. Included in marketing expenses are costs associated with co-operative advertising, media advertising, digital advertising, production costs and costs of point of sale materials and displays. These costs are recorded as SG&A expenses. The Company participates in co-operative advertising programs on a voluntary basis and receives a “separately identifiable benefit in exchange for the consideration.” Since the amount of consideration paid to the retailer does not exceed the fair value of the benefit received by the Company, these costs are recorded as SG&A expenses as opposed to being recorded as a reduction of revenue. Marketing expense for fiscal 2016, 2015 and 2014 was $74.5 million, $71.9 million and $74.4 million, respectively. Included in other current assets in the consolidated balance sheets as of January 31, 2016 and 2015 are prepaid advertising costs of $0.5 million and $0.5 million, respectively. These prepaid costs represent advertising costs paid to licensors in advance, pursuant to the Company’s licensing agreements and sponsorships.
Shipping and Handling Costs	Shipping and Handling Costs Amounts charged to customers for shipping and handling were $2.2 million, $2.4 million and $2.6 million for fiscal years 2016, 2015 and 2014, respectively. The costs related to shipping and handling were $6.5 million, $6.3 million and $6.6 million for fiscal years 2016, 2015 and 2014, respectively. These amounts incurred by the Company related to shipping and handling are included in net sales and cost of goods sold.
Income Taxes	Income Taxes The Company follows the asset and liability method of accounting for income taxes under which deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax laws and tax rates, in each jurisdiction where the Company operates, and applied to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities due to a change in tax rates is recognized in income in the period that includes the enactment date. In addition, the amounts of any future tax benefits are reduced by a valuation allowance to the extent such benefits are not expected to be realized on a more-likely-than-not basis. The Company calculates estimated income taxes in each of the jurisdictions in which it operates. This process involves estimating actual current tax expense along with assessing temporary differences resulting from differing treatment of items for both book and tax purposes. The Company follows guidance for accounting for uncertainty in income taxes. This guidance clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements and prescribes a recognition threshold and measurement standard for the financial statement recognition and measurement of an income tax position taken or expected to be taken in a tax return. This guidance also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosures and transitions.
Earnings Per Share	Earnings Per Share The Company presents net income 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 weighted-average number of shares outstanding for basic earnings per share were approximately 23,525,000, 25,276,000 and 25,506,000 for fiscal 2016, 2015 and 2014, respectively. For the fiscal years ended January 31, 2016, 2015 and 2014, the number of shares outstanding for diluted earnings per share were approximately 23,774,000, 25,581,000 and 25,849,000, respectively. For the fiscal years ended January 31, 2016, 2015 and 2014, the number of shares outstanding for diluted earnings per share included approximately 249,000, 305,000 and 343,000 due to potentially dilutive common stock equivalents issuable under the Company’s stock compensation plans. For the fiscal years ended January 31, 2016, 2015 and 2014 approximately 637,000, 102,000 and 85,000, respectively, of potentially dilutive common stock equivalents were excluded from the computation of dilutive earnings per share because their effect would have been antidilutive.
Stock-Based Compensation	Stock-Based Compensation Under the accounting guidance for share-based payments, the Company utilizes the Black-Scholes option-pricing model which requires that certain assumptions be made to calculate the fair value of each option at the grant date. The expected life of stock option grants is determined using historical data and represents the time period during which the stock option is expected to be outstanding until it is exercised. The risk free interest rate is the yield on the grant date of U.S. Treasury constant maturities with a maturity date closest to the expected life of the stock option. The expected stock price volatility is derived from historical volatility and calculated based on the estimated term structure of the stock option grant. The expected dividend yield is calculated using the Company’s historical average of annualized dividend yields and applied over the expected term of the option. Compensation expense for equity instruments is accrued based on the estimated number of instruments for which the requisite service is expected to be rendered and expensed on a straight-line basis over the vesting term.
Recent Accounting Pronouncements	On February 25, 2016, FASB issued ASU 2016-02, “Leases,” which requires lessees to recognize most leases on the balance sheet. This is expected to increase both reported assets and liabilities. The new lease standard does not substantially change lessor accounting. For public companies, the standard will be effective for the first interim reporting period within annual periods beginning after December 15, 2018, although early adoption is permitted. Lessees and lessors will be required to apply the new standard at the beginning of the earliest period presented in the financial statements in which they first apply the new guidance, using a modified retrospective transition method. The requirements of this standard include a significant increase in required disclosures. The Company is analyzing the impact of the adoption of this guidance on the Company’s consolidated financial statements, including assessing changes that might be necessary to information technology systems, processes and internal controls to capture new data and address changes in financial reporting. On January 5, 2016, FASB issued ASU 2016-01, “Financial Instruments: Recognition and Measurement of Financial Assets and Financial Liabilities,” which enhances the reporting model for financial instruments and includes amendments to address aspects of recognition, measurement, presentation and disclosure. For public companies, the amendment is effective for annual periods beginning after December 15, 2017. Early adoption is permitted for only certain portions of the new guidance. The Company is evaluating the impact of the adoption of this guidance on the Company’s consolidated financial statements. On November 20, 2015, FASB issued ASU 2015-17, “Income Taxes: Balance Sheet Classification of Deferred Taxes,” which eliminates the current requirement for companies to present deferred tax liabilities and assets as current and non-current in a classified balance sheet. Instead, companies will be required to classify all deferred tax assets and liabilities as non-current. For public companies, the amendments are effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Earlier application is permitted. The Company has elected to early adopt this requirement retrospectively in the current period. The Company reclassified $6.2 million of net current deferred income tax assets from current to noncurrent at January 31, 2015. 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 costs 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. On August 18, 2015, FASB clarified that the guidance in this pronouncement does not apply to line-of-credit arrangements. Accordingly, debt issuance costs for line-of-credit arrangements may continue to be presented as an asset that is amortized ratably over the term of the arrangement. 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 impact of the adoption of this guidance on the Company’s consolidated financial statements.

Significant Accounting Polici34

Significant Accounting Policies (Tables)	12 Months Ended
	Jan. 31, 2016
Accounting Policies [Abstract]
Schedule of Warranty Liability	Warranty liability for the fiscal years ended January 31, 2016, 2015 and 2014 was as follows (in thousands): 2016 2015 2014 Balance, beginning of year $ 2,710 $ 2,660 $ 2,584 Provision charged to operations 1,630 2,710 2,660 Settlements made (1,784 ) (2,660 ) (2,584 ) Balance, end of year $ 2,556 $ 2,710 $ 2,660

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Jan. 31, 2016
Inventory Disclosure [Abstract]
Components of Inventories	Inventories consisted of the following (in thousands): As of January 31, 2016 2015 Finished goods $ 117,627 $ 115,435 Component parts 41,041 49,790 Work-in-process 3,797 5,563 $ 162,465 $ 170,788

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Jan. 31, 2016
Property Plant And Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property, plant and equipment, at cost, consisted of the following (in thousands): As of January 31, 2016 2015 Land and buildings $ 1,574 $ 2,000 Furniture and equipment 58,617 66,414 Computer software 31,747 28,968 Leasehold improvements 31,646 30,905 Design fees and tooling costs 1,399 2,559 124,983 130,846 Less: accumulated depreciation (86,430 ) (84,173 ) $ 38,553 $ 46,673

Derivative Financial Instrume37

Derivative Financial Instruments (Tables)	12 Months Ended
	Jan. 31, 2016
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 as of January 31, 2016 and 2015 (in thousands): Asset Derivatives Liability Derivatives Balance 2016 2015 Balance 2016 2015 Derivatives not designated as hedging instruments: Foreign Exchange Contracts Other Current $ 1 $ 1,298 Accrued Liabilities $ 1,163 $ 71 Total Derivative Instruments $ 1 $ 1,298 $ 1,163 $ 71 Asset Derivatives Liability Derivatives Balance 2016 2015 Balance 2016 2015 Derivatives designated as hedging instruments: Foreign Exchange Contracts Other Current $ 63 $ - Accrued Liabilities $ - $ - Total Derivative Instruments $ 63 $ - $ - $ -

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Jan. 31, 2016
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 January 31, 2016 and 2015 (in thousands): Fair Value at January 31, 2016 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 268 $ — $ — $ 268 SERP assets - employer Other non-current assets 1,168 — — 1,168 SERP assets - employee Other non-current assets 24,853 — — 24,853 Hedge derivatives Other current assets — 64 — 64 Total $ 26,289 $ 64 $ — $ 26,353 Liabilities: SERP liabilities - employee Other non-current liabilities $ 24,853 $ — $ — $ 24,853 Hedge derivatives Accrued liabilities — 1,163 — 1,163 Total $ 24,853 $ 1,163 $ — $ 26,016 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

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jan. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of Income before Provision for Income Taxes	Income before provision for income taxes on a legal entity basis consists of the following (in thousands): 2016 2015 2014 U.S. income before taxes $ 44,384 $ 34,099 $ 26,591 Non-U.S. income before tax $ 24,741 $ 37,065 $ 42,327
Schedule of Income Taxes Provision for Continuing Operations	The provision for income taxes for the fiscal years ended January 31, 2016, 2015 and 2014 consists of the following components (in thousands): 2016 2015 2014 Current: U.S. Federal $ 17,776 $ 8,412 $ 7,296 U.S. State and Local 1,434 770 866 Non-U.S. 5,291 3,945 5,043 24,501 13,127 13,205 Deferred: U.S. Federal (1,995 ) 3,763 183 U.S. State and Local (228 ) 420 (888 ) Non-U.S. 1,082 1,954 4,873 (1,141 ) 6,137 4,168 Provision for income taxes $ 23,360 $ 19,264 $ 17,373
Schedule of Significant Components of Deferred Income Tax Assets and Liabilities	Significant components of the Company’s deferred income tax assets and liabilities as of January 31, 2016 and 2015 are as follows (in thousands): 2016 Deferred Taxes 2015 Deferred Taxes Assets Liabilities Assets Liabilities Net operating loss carryforwards $ 9,182 $ — $ 9,231 $ — Inventory 3,103 — 3,112 — Unprocessed returns 1,538 — 1,565 — Receivables allowances 847 — 951 — Deferred compensation 16,286 — 14,098 — Unrepatriated earnings — 2,877 — 2,715 Capital loss carryforwards 216 790 Depreciation/amortization — 1,234 — 307 Other provisions/accruals 200 — 91 — Miscellaneous 992 — 955 — 32,364 4,111 30,793 3,022 Valuation allowance (8,089 ) — (8,307 ) — Total deferred tax assets and liabilities $ 24,275 $ 4,111 $ 22,486 $ 3,022
Schedule of Income Taxes Provision for Continuing Operations by Applying U.S. Federal Statutory Rate	The provision for income taxes differs from the U.S. federal statutory rate due to the following (in thousands): Fiscal Year Ended January 31, 2016 2015 2014 Provision for income taxes at the U.S. statutory rate $ 24,194 $ 24,906 $ 24,121 Lower effective non-U.S. income tax rate (4,463 ) (7,257 ) (6,950 ) Change in valuation allowance 986 1,298 (996 ) U.S. tax provided on earnings of non-U.S. subsidiaries 1,029 639 580 Change in liabilities for uncertain tax positions, net (98) 179 (652) State and local taxes, net of federal benefit 1,234 693 719 (Benefit) provided on intercompany transactions — (1,652 ) — Other, net 478 458 551 Total provision for income taxes $ 23,360 $ 19,264 $ 17,373
Schedule of Reconciliation of Beginning and Ending Amounts of Gross Unrecognized Tax Benefits	A reconciliation of the beginning and ending amounts of gross unrecognized tax benefits (exclusive of interest) for the fiscal years ended January 31, 2016, 2015 and 2014 are as follows (in thousands): 2016 2015 2014 Beginning balance $ 2,657 $ 2,740 $ 3,602 Additions for tax positions of prior years — — 959 Additions for tax positions taken in the current year 175 128 — Lapse of statute of limitations (311 ) (34) (1,214 ) Settlements — — (605 ) Non U.S. currency exchange fluctuations (40 ) (177) (2) Ending balance $ 2,481 $ 2,657 $ 2,740

Leases (Tables)

Leases (Tables)	12 Months Ended
	Jan. 31, 2016
Leases [Abstract]
Schedule of Minimum Annual Rentals under Noncancelable Operating Leases	Minimum annual rentals under noncancelable operating leases as of January 31, 2016, excluding real estate taxes and operating costs, are as follows (in thousands): Fiscal Year Ending January 31, 2017 $ 11,696 2018 9,121 2019 6,223 2020 3,159 2021 1,663 Thereafter 5,288 $ 37,150

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Jan. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of Transactions for Stock Options Under Plan	Transactions for stock options under the Plan since fiscal 2013 are summarized as follows: Outstanding Weighted- January 31, 2013 561,489 $ 24.67 Options granted 106,440 $ 30.34 Options exercised (52,023 ) $ 17.54 Options cancelled (16,500 ) $ 26.59 January 31, 2014 599,406 $ 26.24 Options granted 116,880 $ 41.71 Options exercised (86,066 ) $ 19.75 Options cancelled (14,000 ) $ 26.59 January 31, 2015 616,220 $ 30.08 Options granted 126,880 $ 30.36 Options exercised (28,450 ) $ 21.49 Options cancelled (15,050 ) $ 33.32 January 31, 2016 699,600 $ 30.41
Schedule of Outstanding and Exercisable Stock Options	The following table summarizes outstanding and exercisable stock options as of January 31, 2016: Range of Exercise Prices Number Weighted- Weighted- Number Weighted- $18.03 - $21.02 4,500 0.3 $ 18.41 4,500 $ 18.41 $21.03 - $24.02 68,750 2.2 $ 22.29 68,750 $ 22.29 $24.03 - $27.02 219,700 6.2 $ 26.59 219,700 $ 26.59 $27.03 - $33.02 293,570 6.6 $ 30.98 71,500 $ 32.92 $33.03 - $42.02 29,780 8.4 $ 40.52 9,927 $ 40.52 $42.03 - $45.02 83,300 8.2 $ 42.12 - $ - 699,600 5.0 $ 30.41 374,377 $ 27.28
Schedule of Transactions for Restricted Stock Units Under Plan	Transactions for stock award units under the Plan since fiscal 2013 are summarized as follows: Number of Stock Award Weighted- January 31, 2013 343,381 $ 17.10 Units granted 140,922 $ 31.33 Units vested (147,552 ) $ 14.55 Units forfeited (33,581 ) $ 18.17 January 31, 2014 303,170 $ 24.84 Units granted 164,122 $ 41.32 Units vested (118,368 ) $ 18.66 Units forfeited (11,568 ) $ 33.58 January 31, 2015 337,356 $ 34.72 Units granted 136,310 $ 29.48 Units vested (83,578 ) $ 29.99 Units forfeited (15,490 ) $ 35.70 January 31, 2016 374,598 $ 33.83

Accumulated Other Comprehensi42

Accumulated Other Comprehensive Income (Tables)	12 Months Ended
	Jan. 31, 2016
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Schedule of Components of Accumulated Other Comprehensive Income	The components of accumulated other comprehensive income at January 31, consisted of the following (in thousands): Currency Translation Available- Net Unrealized Accumulated Other Income Balance, January 31, 2015 $ 98,642 $ 211 $ 1 $ 98,854 Other comprehensive (loss) / (30,377) (22) 50 (30,349) Amounts reclassified from - - - - Net current-period other (30,377) (22) 50 (30,349) Balance, January 31, 2016 $ 68,265 $ 189 $ 51 $ 68,505 Currency Translation Available- Net Unrealized Accumulated Other Income Balance, January 31, 2014 $ 103,438 $ 263 $ 1 $ 103,702 Other comprehensive (loss) / (4,796 ) 29 - (4,767 ) Amounts reclassified from - (81 ) - (81 ) Net current-period other (4,796 ) (52 ) - (4,848 ) Balance, January 31, 2015 $ 98,642 $ 211 $ 1 $ 98,854 (1) Amounts in fiscal 2016 and 2015 were reclassified to earnings in the Consolidated Statements of Operations.

Segment and Geographic Inform43

Segment and Geographic Information (Tables)	12 Months Ended
	Jan. 31, 2016
Segment Reporting [Abstract]
Operating Segment Data	Operating Segment Data as of and for the Fiscal Year Ended January 31, (in thousands): Net Sales (2) (6) 2016 2015 2014 Wholesale: Luxury brands category $ 219,012 $ 212,684 $ 220,267 Licensed brands category 297,227 294,316 276,356 After-sales service and all other 13,770 15,260 14,367 Total Wholesale 530,009 522,260 510,990 Retail 64,914 64,720 59,265 Consolidated total $ 594,923 $ 586,980 $ 570,255 Operating Income 2016 2015 2014 Wholesale $ 58,242 $ 58,236 $ 55,241 Retail 11,865 13,251 12,501 Consolidated total $ 70,107 $ 71,487 $ 67,742 Total Assets Capital Expenditures 2016 2015 2016 2015 2014 Wholesale $ 562,547 $ 562,462 $ 5,902 $ 9,321 $ 15,280 Retail 22,623 20,561 2,168 1,811 1,427 Consolidated total $ 585,170 $ 583,023 $ 8,070 $ 11,132 $ 16,707 Depreciation and Amortization 2016 2015 2014 Wholesale $ 11,561 $ 11,053 $ 10,965 Retail 1,595 1,416 1,268 Consolidated total $ 13,156 $ 12,469 $ 12,233
Geographic Segment Data	Geographic Location Data as of and for the Fiscal Year Ended January 31, (in thousands): Net Sales (2) (6) Operating Income 2016 2015 2014 2016 2015 2014 United States $ 326,206 $ 320,425 $ 303,095 $ 29,867 $ 18,811 $ 11,036 International 268,717 266,555 267,160 40,240 52,676 56,706 Consolidated total $ 594,923 $ 586,980 $ 570,255 $ 70,107 $ 71,487 $ 67,742 Total Assets Property, Plant and Equipment, Net 2016 2015 2016 2015 United States $ 215,053 $ 209,660 $ 24,517 $ 25,950 International 370,117 373,363 14,036 20,723 Consolidated total $ 585,170 $ 583,023 $ 38,553 $ 46,673 (1) Fiscal 2016 Wholesale and United States and International operating income included a $4.0 million charge as a result of actions taken by the Company in fiscal 2016 to achieve greater operating efficiencies and streamline its operations. ( 2 ) Fiscal 2014 Wholesale and United States net sales included a $7.8 million sales reserve, for anticipated returns resulting from the Company’s decision to reduce the presence of ESQ Movado while expanding the Movado brand offering in certain retail doors. ( 3 ) Fiscal 2014 Wholesale and United States operating income included a charge of $8.3 million related to its strategy to reduce the presence of ESQ Movado while expanding the Movado brand offering in certain retail doors. The $8.3 million charge consists of anticipated sales returns from select customers, inventory reserves and writes down of excess displays and point of sale materials related to this strategy. ( 4 ) Fiscal 2014 Wholesale and United States operating income included a $2.0 million donation to the Movado Group Foundation. ( 5 ) Fiscal 2014 Wholesale and United States operating income included $2.5 million duty refund received relating to payments made by the Company in calendar years 2008 through 2011 for drawback claims filed with U.S. Customs & Border Protection. ( 6 ) The United States and International net sales are net of intercompany sales of $309.1 million, $305.1 million and $338.6 million for the fiscal years ended January 31, 2016, 2015 and 2014, respectively. ( 7 ) The United States operating income included $27.0 million, $19.3 million and $26.5 million of unallocated corporate expenses for the fiscal years ended January 31, 2016, 2015 and 2014, respectively. ( 8 ) The International operating income included $44.5 million, $47.1 million and $44.2 million of certain intercompany profits related to the Company’s supply chain operations for the fiscal years ended January 31, 2016, 2015 and 2014, respectively.

Quarterly Financial Data (Una44

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Jan. 31, 2016
Quarterly Financial Information Disclosure [Abstract]
Schedule of Unaudited Selected Interim Operating Results	The following table presents unaudited selected interim operating results of the Company for fiscal 2016 and 2015 (in thousands, except per share amounts): Quarter 1 st 2 nd 3 rd 4 th Fiscal 2016 Net sales $ 120,461 $ 145,569 $ 185,629 $ 143,264 Gross profit $ 62,449 $ 79,038 $ 100,092 $ 75,351 Income before income taxes $ 6,776 $ 18,013 $ 33,152 $ 11,184 Net income $ 3,641 $ 11,933 $ 21,910 $ 8,282 Net income attributed to Movado Group, Inc. $ 3,622 $ 12,053 $ 21,532 $ 7,888 Basic income per share: Net income attributed to Movado Group, Inc. $ 0.15 $ 0.51 $ 0.93 $ 0.34 Diluted income per share: Net income attributed to Movado Group, Inc. $ 0.15 $ 0.50 $ 0.92 $ 0.34 Fiscal 2015 Net sales $ 120,921 $ 143,591 $ 188,557 $ 133,911 Gross profit $ 65,151 $ 77,606 $ 99,842 $ 67,383 Income before income taxes $ 10,862 $ 17,079 $ 33,306 $ 9,917 Net income $ 7,429 $ 12,170 $ 22,417 $ 9,884 Net income attributed to Movado Group, Inc. $ 7,365 $ 12,151 $ 22,209 $ 10,051 Basic income per share: Net income attributed to Movado Group, Inc. $ 0.29 $ 0.48 $ 0.88 $ 0.40 Diluted income per share: Net income attributed to Movado Group, Inc. $ 0.29 $ 0.47 $ 0.87 $ 0.40

Supplemental Cash Flow Inform45

Supplemental Cash Flow Information (Tables)	12 Months Ended
	Jan. 31, 2016
Supplemental Cash Flow Elements [Abstract]
Schedule of Supplemental Information to Consolidated Statements of Cash Flows	The following is provided as supplemental information to the consolidated statements of cash flows (in thousands): Fiscal Year Ended January 31, 2016 2015 2014 Cash paid during the year for: Interest $ 797 $ 226 $ 282 Income taxes, net $ 22,500 $ 12,493 $ 8,013 Supplemental disclosures of non-cash investing activities: Additions to property, plant and equipment included in accrued liabilities $ - $ 127 $ -

Net Income Attributed to Mova46

Net Income Attributed to Movado Group, Inc. and Transfers to Noncontrolling Interest (Tables)	12 Months Ended
	Jan. 31, 2016
Net Income Attributable To Group And Transfers To Noncontrolling Interest [Abstract]
Net Income Attributed to Movado Group, Inc. and Transfers to Noncontrolling Interest	For Fiscal Year Ended January 31, 2016 2015 2014 Net income attributed to Movado Group, Inc. $ 45,094 $ 51,776 $ 50,877 Transfers to the noncontrolling interest Decrease in Movado Group, Inc.’s paid in capital for purchase of 49% of MGI-TWC B.V. common shares (3,613) - - Net transfers to noncontrolling interest (3,613) - - Change from net income attributed to Movado Group, Inc. and transfers to noncontrolling interest $ 41,481 $ 51,776 $ 50,877

Operating Efficiency Initiati47

Operating Efficiency Initiatives and Other Items (Tables)	12 Months Ended
	Jan. 31, 2016
Restructuring And Related Activities [Abstract]
Summary of Costs Related to Operating Efficiency Initiatives and Other Items	A summary roll forward 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 January 31, 2016 Severance (1) $ 1,080 $ 1,631 $ (1,836 ) $ — $ (244 ) $ 631 Occupancy charges (2) — 788 (249 ) — (180 ) 359 Fixed assets (3) — 1,577 — (1,577 ) — — Total $ 1,080 $ 3,996 $ (2,085 ) $ (1,577 ) $ (424 ) $ 990 (1) The total severance charges of $1.6 million include $1.0 million in SG&A and $0.6 million in Cost of sales on the Consolidated Statement of Operations for the fiscal year ended January 31, 2016. (2) Occupancy charges include expenses for rent, office equipment and legal expenses. The occupancy charge of $0.8 million is included in SG&A on the Consolidated Statement of Operations for the fiscal year ended January 31, 2016. (3) Fixed asset charges of $1.6 million are related to closing of certain shop-in-shops that were no longer in use and have no future value in Asia. The fixed asset charge of $1.6 million is included in SG&A on the Consolidated Statement of Operations for the fiscal year ended January 31, 2016. (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 $4.9 million in the United States and International locations of the Wholesale segment, respectively.

Significant Accounting Polici48

Significant Accounting Policies (Details Textual) $ in Millions	12 Months Ended
	Jan. 31, 2016USD ($)Brandsshares	Jan. 31, 2015USD ($)shares	Jan. 31, 2014USD ($)shares
Significant Accounting Policies [Line Items]
Number of brand the company marketed | Brands	9
Accumulated other comprehensive income, foreign currency translation adjustment	$ 68.3	$ 98.6
Maturity date	3 months
Accounts receivable, net of doubtful accounts, returns and allowances	$ 17.7	16.6	$ 23.1
Additional accounts receivable recorded in non-current assets	1.6	0.5
Accounts receivable net of co operative advertising allowances	9.8	13.2	12
Return reserves			7.8
Intangible assets at cost	7.9	13
Accumulated amortization of intangibles	6.4	11.8
Amortization expense	$ 0.3	0.3	0.4
Deferred revenue expected to be recognized, period	2 years
Marketing expenses	$ 74.5	71.9	74.4
Prepaid advertising cost included in other current asset	0.5	0.5
Shipping and handling customers charges	2.2	2.4	2.6
Shipping, handling and transportation costs	$ 6.5	$ 6.3	$ 6.6
Weighted basic average shares outstanding | shares	23,525,000	25,276,000	25,506,000
Number of shares outstanding for diluted earnings per share | shares	23,774,000	25,581,000	25,849,000
Number of shares included in outstanding for diluted earnings per share | shares	249,000	305,000	343,000
Dilutive common stock equivalents were excluded from the computation of dilutive earnings per share | shares	637,000	102,000	85,000
Tommy Hilfiger Watches
Significant Accounting Policies [Line Items]
Warranty period	10 years
Movado Watch Cases And Bracelets
Significant Accounting Policies [Line Items]
Warranty period	5 years
Minimum
Significant Accounting Policies [Line Items]
Warranty period	2 years
Minimum | Trademarks and Developed Technology
Significant Accounting Policies [Line Items]
Intangible Asset, Useful Life	4 years
Maximum
Significant Accounting Policies [Line Items]
Warranty period	3 years
Maximum | Trademarks and Developed Technology
Significant Accounting Policies [Line Items]
Intangible Asset, Useful Life	10 years
Building
Significant Accounting Policies [Line Items]
Property Plant And Equipment Useful Life	40 years
Furniture and equipment | Minimum
Significant Accounting Policies [Line Items]
Property Plant And Equipment Useful Life	4 years
Furniture and equipment | Maximum
Significant Accounting Policies [Line Items]
Property Plant And Equipment Useful Life	10 years
Computer software
Significant Accounting Policies [Line Items]
Amortization expense	$ 3.5	$ 3	$ 3.8
Computer software | Minimum
Significant Accounting Policies [Line Items]
Property Plant And Equipment Useful Life	5 years
Computer software | Maximum
Significant Accounting Policies [Line Items]
Property Plant And Equipment Useful Life	10 years
Design Fees and Tooling Cost
Significant Accounting Policies [Line Items]
Property Plant And Equipment Useful Life	3 years
Capitalized Software Cost | Minimum
Significant Accounting Policies [Line Items]
Property Plant And Equipment Useful Life	5 years
Capitalized Software Cost | Maximum
Significant Accounting Policies [Line Items]
Property Plant And Equipment Useful Life	10 years
Wholesale
Significant Accounting Policies [Line Items]
Return reserves			$ 7.8
Signet Jewelers Limited and Macy’s Inc | Total net sales
Significant Accounting Policies [Line Items]
Percentage of sales represented approximately	20.70%
Signet Jewelers Limited and Macy’s Inc | Total net sales | Wholesale
Significant Accounting Policies [Line Items]
Percentage of sales represented approximately	23.20%

Significant Accounting Polici49

Significant Accounting Policies (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2014
Schedule of warranty liability
Balance, beginning of year	$ 2,710	$ 2,660	$ 2,584
Provision charged to operations	1,630	2,710	2,660
Settlements made	(1,784)	(2,660)	(2,584)
Balance, end of year	$ 2,556	$ 2,710	$ 2,660

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Jan. 31, 2015
Inventory Net [Abstract]
Finished goods	$ 117,627	$ 115,435
Component parts	41,041	49,790
Work-in-process	3,797	5,563
Inventories	$ 162,465	$ 170,788

Property, Plant and Equipment51

Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Jan. 31, 2015
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 124,983	$ 130,846
Less: accumulated depreciation	(86,430)	(84,173)
Property, plant and equipment, net	38,553	46,673
Land and buildings
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	1,574	2,000
Furniture and equipment
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	58,617	66,414
Computer software
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	31,747	28,968
Leasehold improvements
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	31,646	30,905
Design fees and tooling costs
Property Plant And Equipment [Line Items]
Property, plant and equipment, gross	$ 1,399	$ 2,559

Property, Plant and Equipment52

Property, Plant and Equipment (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2014
Property Plant And Equipment [Line Items]
Depreciation and amortization	$ 13,156	$ 12,469	$ 12,233
Amortization expense	300	300	400
Property, Plant and Equipment
Property Plant And Equipment [Line Items]
Depreciation and amortization	12,400	11,900	11,800
Computer software
Property Plant And Equipment [Line Items]
Amortization expense	$ 3,500	$ 3,000	$ 3,800

Debt and Lines of Credit (Detai

Debt and Lines of Credit (Details Textual)	12 Months Ended
	Jan. 31, 2016USD ($)BankSubsidiary	Jan. 31, 2016CHF (SFr)BankSubsidiary	Jan. 31, 2015USD ($)BankSubsidiary	Jan. 31, 2015CHF (SFr)BankSubsidiary	Jan. 30, 2015USD ($)
Debt Instrument [Line Items]
Loan drawn under the facility	$ 40,000,000
Letter of credit outstanding amount	3,600,000
Line of credit facility remaining borrowing capacity	56,400,000
Outstanding balance under facility, current	5,000,000
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	$ 4,900,000	SFr 5,000,000	$ 5,400,000	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
Outstanding balance under facility, current	$ 5,000,000
Revolving Credit Facility | Secured Debt | Credit Agreement Due on January 30, 2020 | London Interbank Offered Rate L I B O R
Debt Instrument [Line Items]
Applicable margin rate	1.50%
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
Debt Instrument [Line Items]
Applicable margin rate	0.50%
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	2	2
Number of foreign subsidiaries under guaranteed obligation | Subsidiary	2	2	2	2
Guaranteed obligations to third parties	$ 1,000,000		$ 1,300,000
Restricted deposit relates to lease agreement	$ 400,000

Derivative Financial Instrume54

Derivative Financial Instruments (Details Textual)		12 Months Ended
		Jan. 31, 2016USD ($)	Jan. 31, 2015USD ($)	Jan. 31, 2016CHF (SFr)	Jan. 31, 2016EUR (€)
Derivatives Fair Value [Line Items]
Net change in effective portion of hedging contracts		$ 100,000	$ 0
Net change in effective portion of hedging contracts, tax		$ 100,000	0
Maximum length of time hedged in cash flow hedge		24 months
Amounts reclassified from accumulated other comprehensive (loss) / income	[1]		(81,000)
Net Unrealized Income (Loss) On Hedging Contracts
Derivatives Fair Value [Line Items]
Amounts reclassified from accumulated other comprehensive (loss) / income			$ 0
Foreign Exchange Forward
Derivatives Fair Value [Line Items]
Net forward contracts hedging portfolio				SFr 30,000,000	€ 5,000,000
Maximum
Derivatives Fair Value [Line Items]
Expiry dates ranging		Jul. 12, 2016
[1]	Amounts in fiscal 2016 and 2015 were reclassified to earnings in the Consolidated Statements of Operations.

Derivative Financial Instrume55

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Jan. 31, 2016	Jan. 31, 2015
Designated as Hedging Instrument
Fair value and presentation of derivatives
Asset Derivatives	$ 63
Designated as Hedging Instrument | Foreign Exchange Contract | Other Current Assets
Fair value and presentation of derivatives
Asset Derivatives	63
Not Designated as Hedging Instrument
Fair value and presentation of derivatives
Asset Derivatives	1	$ 1,298
Liability Derivatives	1,163	71
Not Designated as Hedging Instrument | Foreign Exchange Contract | Other Current Assets
Fair value and presentation of derivatives
Asset Derivatives	1	1,298
Not Designated as Hedging Instrument | Foreign Exchange Contract | Accrued Liabilities
Fair value and presentation of derivatives
Liability Derivatives	$ 1,163	$ 71

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Jan. 31, 2016	Jan. 31, 2015
Assets:
Total assets measured at fair value	$ 26,353	$ 29,014
Liabilities:
Total liabilities measured at fair value	26,016	24,882
Other Current Assets | Available-for-sale securities
Assets:
Total assets measured at fair value	268	314
Other Current Assets | Hedge derivatives-Assets
Assets:
Total assets measured at fair value	64	1,298
Other non-current assets | SERP assets - employer
Assets:
Total assets measured at fair value	1,168	1,351
Other non-current assets | SERP assets - employee
Assets:
Total assets measured at fair value	24,853	24,811
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	24,853	24,811
Accrued Liabilities | Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	1,163	71
Level 1
Assets:
Total assets measured at fair value	26,289	26,476
Liabilities:
Total liabilities measured at fair value	24,853	24,811
Level 1 | Other Current Assets | Available-for-sale securities
Assets:
Total assets measured at fair value	268	314
Level 1 | Other non-current assets | SERP assets - employer
Assets:
Total assets measured at fair value	1,168	1,351
Level 1 | Other non-current assets | SERP assets - employee
Assets:
Total assets measured at fair value	24,853	24,811
Level 1 | Other non-current liabilities | SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	24,853	24,811
Level 2
Assets:
Total assets measured at fair value	64	1,298
Liabilities:
Total liabilities measured at fair value	1,163	71
Level 2 | Other Current Assets | Hedge derivatives-Assets
Assets:
Total assets measured at fair value	64	1,298
Level 2 | Accrued Liabilities | Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	$ 1,163	71
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 (Deta57

Fair Value Measurements (Details Textual) - USD ($)	12 Months Ended
	Jan. 31, 2016	Jul. 31, 2015
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 was based on the purchase price plus eight percent calculated annually
Cost method investments, carrying value		$ 1,300,000
Impairment on investments	$ 0

Income Tax (Details)

Income Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2014
Income Tax Disclosure [Abstract]
U.S. income before taxes	$ 44,384	$ 34,099	$ 26,591
Non-U.S. income before tax	$ 24,741	$ 37,065	$ 42,327

Income Tax (Details 1)

Income Tax (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2014
Current:
U.S. Federal	$ 17,776	$ 8,412	$ 7,296
U.S. State and Local	1,434	770	866
Non-U.S.	5,291	3,945	5,043
Total current	24,501	13,127	13,205
Deferred:
U.S. Federal	(1,995)	3,763	183
U.S. State and Local	(228)	420	(888)
Non-U.S.	1,082	1,954	4,873
Total deferred	(1,141)	6,137	4,168
Provision for income taxes	$ 23,360	$ 19,264	$ 17,373

Income Tax (Details 2)

Income Tax (Details 2) - USD ($) $ in Thousands	Jan. 31, 2016	Jan. 31, 2015
Deferred Taxes Assets
Net operating loss carryforwards, Assets	$ 9,182	$ 9,231
Inventory, Assets	3,103	3,112
Unprocessed returns, Assets	1,538	1,565
Receivables allowances, Assets	847	951
Deferred compensation, Assets	16,286	14,098
Capital loss carryforwards, Assets	216	790
Other provisions/accruals, Assets	200	91
Miscellaneous, Assets	992	955
Total, Assets	32,364	30,793
Valuation allowance, Assets	(8,089)	(8,307)
Total deferred tax assets and liabilities	24,275	22,486
Deferred Taxes Liabilities
Unrepatriated earnings, Liabilities	2,877	2,715
Depreciation / amortization, Liabilities	1,234	307
Total, Liabilities	4,111	3,022
Total deferred tax assets and liabilities	$ 4,111	$ 3,022

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2014
Income Tax Contingency [Line Items]
Valuation allowance of related deferred tax assets	$ 8,089	$ 8,307
Tax expense (benefits) recorded in additional paid in capital	$ 0	$ 1,300	$ 900
Effective tax rate for continuing operations	33.80%	27.10%	25.20%
Deferred tax liabilities	$ 4,111	$ 3,022
Deferred tax liabilities, undistributed foreign earnings	2,877	2,715
Unrecognized tax benefits which would impact the Company's effective tax rate	2,400	2,500	$ 2,600
Accrued interest and penalties net of tax benefits	600	700	700
Accrued interest and penalties net of tax benefits	100	100	$ 100
Reclassification of net current deferred tax asset from current to noncurrent	20,323	19,985
New Accounting Pronouncement, Early Adoption, Effect
Income Tax Contingency [Line Items]
Reclassification of net current deferred tax asset from current to noncurrent		$ 6,200
Capital Loss Carryforward [Member]
Income Tax Contingency [Line Items]
Tax credit carryforward, valuation allowance	600
Domestic Country
Income Tax Contingency [Line Items]
Operating Loss carryforwards	0
Valuation allowance of related deferred tax assets	200
State and Local Jurisdiction [Member]
Income Tax Contingency [Line Items]
Operating Loss carryforwards	17,600
Operating loss carryforwards, valuation allowance	100
Foreign Tax Authority
Income Tax Contingency [Line Items]
Operating Loss carryforwards	32,100
Operating loss carryforwards, valuation allowance	7,800
Deferred tax liabilities	2,900
Pre-2013 foreign earnings earmarked for future repatriation	12,600
Deferred tax liabilities, undistributed foreign earnings	$ 290,000
Minimum
Income Tax Contingency [Line Items]
Expiration periods	2 years
Maximum
Income Tax Contingency [Line Items]
Expiration periods	20 years
Swiss subsidiary
Income Tax Contingency [Line Items]
Operating Loss carryforwards	$ 13,000

Income Taxes (Details 3)

Income Taxes (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2014
Schedule of income taxes provision / (benefit) for continuing operations by applying U.S. federal statutory rate
Provision for income taxes at the U.S. statutory rate	$ 24,194	$ 24,906	$ 24,121
Lower effective non-U.S. income tax rate	(4,463)	(7,257)	(6,950)
Change in valuation allowance	986	1,298	(996)
U.S. tax provided on earnings of non-U.S. subsidiaries	1,029	639	580
Change in liabilities for uncertain tax positions, net	(98)	179	(652)
State and local taxes, net of federal benefit	1,234	693	719
(Benefit) provided on intercompany transactions		(1,652)
Other, net	478	458	551
Provision for income taxes	$ 23,360	$ 19,264	$ 17,373

Income Taxes (Details 4)

Income Taxes (Details 4) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2014
Schedule of reconciliation of beginning and ending amounts of gross unrecognized tax benefits
Beginning balance	$ 2,657	$ 2,740	$ 3,602
Additions for tax positions of prior years			959
Additions for tax positions taken in the current year	175	128
Lapse of statute of limitations	(311)	(34)	(1,214)
Settlements			(605)
Non U.S. currency exchange fluctuations	(40)	(177)	(2)
Ending balance	$ 2,481	$ 2,657	$ 2,740

Leases (Details Textual)

Leases (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2014
Leases [Abstract]
Operating lease expiration period	2028-02
Rent expense from continuing operations	$ 13.5	$ 13.5	$ 13

Leases (Details)

Leases (Details) $ in Thousands	Jan. 31, 2016USD ($)
Minimum annual rentals under no cancelable operating leases
2,017	$ 11,696
2,018	9,121
2,019	6,223
2,020	3,159
2,021	1,663
Thereafter	5,288
Total operating leases	$ 37,150

Commitments and Contingencies (

Commitments and Contingencies (Details Textual)	12 Months Ended
	Jan. 31, 2016USD ($)BankSubsidiaryCreditFacility	Jan. 31, 2015USD ($)BankSubsidiary
Loss Contingencies [Line Items]
Number of issued standby letter of credit | CreditFacility	4
Amount of the company's minimum commitments related to its license agreements and endorsement agreements	$ 149,700,000
Outstanding purchase obligations with suppliers	77,900,000
Unsecured Debt | Swiss subsidiary
Loss Contingencies [Line Items]
Outstanding borrowing amount	0	$ 0
Letter of Credit
Loss Contingencies [Line Items]
Outstanding borrowing amount	$ 3,600,000	$ 3,900,000
Credit facility matures date	May 31, 2016	Apr. 30, 2016
Line of Credit | Unsecured Debt | Swiss subsidiary
Loss Contingencies [Line Items]
Number of European banks guaranteed obligations to third parties | Bank	2	2
Number of foreign subsidiaries under guaranteed obligation | Subsidiary	2	2
Restricted deposit relates to lease agreement	$ 400,000
Guaranteed obligations to third parties	$ 1,000,000	$ 1,300,000

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Textual) - USD ($)	12 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2014
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of common stock shares	11,000,000
Expected term	5 years	5 years	5 years
Risk-free interest rate	1.34%	1.64%	0.72%
Expected volatility	48.77%	51.13%	62.12%
Dividend yield	0.81%	0.68%	1.28%
Weighted-average grant date fair value of options granted	$ 12.31	$ 17.99	$ 14.40
Compensation expense	$ 1,100,000	$ 1,200,000	$ 800,000
Compensation expense, net of tax	600,000	700,000	500,000
Unrecognized compensation cost related to unvested stock options	$ 2,100,000
Weighted-average period	1 year 8 months 12 days
Cash received for stock option exercises	$ 600,000	1,700,000	900,000
Fair value of stock options exercised	200,000	1,600,000	1,100,000
Fair value of the stock options vested	2,900,000	0	100,000
Intrinsic value of outstanding stock options	300,000	200,000	6,900,000
Intrinsic value of exercisable stock options	300,000	200,000	3,400,000
Stock Award Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense	2,700,000	2,400,000	1,600,000
Compensation expense, net of tax	$ 1,700,000	1,500,000	900,000
Weighted-average period	1 year 7 months 6 days
Unrecognized compensation cost	$ 5,500,000
Fair value of stock award units vested	$ 2,500,000	$ 4,900,000	$ 4,700,000
Units granted, Weighted Average Grant Date Fair Value	$ 29.48	$ 41.32	$ 31.33
Fair value of unvested stock award units	$ 9,600,000	$ 8,100,000	$ 11,400,000
Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options granted to participants exercisable period	3 years
Minimum | Stock Award Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock awards vesting period	3 years
Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options granted to participants exercisable period	5 years
Maximum | Stock Award Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock awards vesting period	5 years

Stock-Based Compensation (Det68

Stock-Based Compensation (Details) - $ / shares	12 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2014
Schedule of transactions for stock options under Plan
Outstanding Option Beginning Balance	616,220	599,406	561,489
Options granted	126,880	116,880	106,440
Options exercised	(28,450)	(86,066)	(52,023)
Options cancelled	(15,050)	(14,000)	(16,500)
Outstanding Option Ending Balance	699,600	616,220	599,406
Weighted Average Exercise Price, Beginning Balance	$ 30.08	$ 26.24	$ 24.67
Options granted, Weighted Average Exercise Price	30.36	41.71	30.34
Options exercised, Weighted Average Exercise Price	21.49	19.75	17.54
Options cancelled, Weighted Average Exercise Price	33.32	26.59	26.59
Weighted Average Exercise Price, Ending Balance	$ 30.41	$ 30.08	$ 26.24

Stock-Based Compensation (Det69

Stock-Based Compensation (Details 1)	12 Months Ended
	Jan. 31, 2016$ / sharesshares
Schedule of outstanding and exercisable stock options
Number Outstanding | shares	699,600
Weighted Average Remaining Contractual Life (years)	5 years
Outstanding stock options, weighted Average Exercise Price	$ 30.41
Number Exercisable | shares	374,377
Exercisable stock options , weighted Average Exercise Price	$ 27.28
Range One
Schedule of outstanding and exercisable stock options
Minimum Range of Exercise Price	18.03
Maximum Range of Exercise Price	$ 21.02
Number Outstanding | shares	4,500
Weighted Average Remaining Contractual Life (years)	3 months 18 days
Outstanding stock options, weighted Average Exercise Price	$ 18.41
Number Exercisable | shares	4,500
Exercisable stock options , weighted Average Exercise Price	$ 18.41
Range Two
Schedule of outstanding and exercisable stock options
Minimum Range of Exercise Price	21.03
Maximum Range of Exercise Price	$ 24.02
Number Outstanding | shares	68,750
Weighted Average Remaining Contractual Life (years)	2 years 2 months 12 days
Outstanding stock options, weighted Average Exercise Price	$ 22.29
Number Exercisable | shares	68,750
Exercisable stock options , weighted Average Exercise Price	$ 22.29
Range Three
Schedule of outstanding and exercisable stock options
Minimum Range of Exercise Price	24.03
Maximum Range of Exercise Price	$ 27.02
Number Outstanding | shares	219,700
Weighted Average Remaining Contractual Life (years)	6 years 2 months 12 days
Outstanding stock options, weighted Average Exercise Price	$ 26.59
Number Exercisable | shares	219,700
Exercisable stock options , weighted Average Exercise Price	$ 26.59
Range Four
Schedule of outstanding and exercisable stock options
Minimum Range of Exercise Price	27.03
Maximum Range of Exercise Price	$ 33.02
Number Outstanding | shares	293,570
Weighted Average Remaining Contractual Life (years)	6 years 7 months 6 days
Outstanding stock options, weighted Average Exercise Price	$ 30.98
Number Exercisable | shares	71,500
Exercisable stock options , weighted Average Exercise Price	$ 32.92
Range Five
Schedule of outstanding and exercisable stock options
Minimum Range of Exercise Price	33.03
Maximum Range of Exercise Price	$ 42.02
Number Outstanding | shares	29,780
Weighted Average Remaining Contractual Life (years)	8 years 4 months 24 days
Outstanding stock options, weighted Average Exercise Price	$ 40.52
Number Exercisable | shares	9,927
Exercisable stock options , weighted Average Exercise Price	$ 40.52
Range Six
Schedule of outstanding and exercisable stock options
Minimum Range of Exercise Price	42.03
Maximum Range of Exercise Price	$ 45.02
Number Outstanding | shares	83,300
Weighted Average Remaining Contractual Life (years)	8 years 2 months 12 days
Outstanding stock options, weighted Average Exercise Price	$ 42.12

Stock-Based Compensation (Det70

Stock-Based Compensation (Details 2) - Stock Award Units - $ / shares	12 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2014
Number of Stock Award Units
Stock Award Units, Beginning Balance	337,356	303,170	343,381
Units granted	136,310	164,122	140,922
Units vested	(83,578)	(118,368)	(147,552)
Units forfeited	(15,490)	(11,568)	(33,581)
Stock Award Units, Ending Balance	374,598	337,356	303,170
Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value, Beginning Balance	$ 34.72	$ 24.84	$ 17.10
Units granted, Weighted Average Grant Date Fair Value	29.48	41.32	31.33
Units vested, Weighted Average Grant Date Fair Value	29.99	18.66	14.55
Units forfeited, Weighted Average Grant Date Fair Value	35.70	33.58	18.17
Weighted Average Grant Date Fair Value Ending Balance	$ 33.83	$ 34.72	$ 24.84

Other Employee Benefit Plans (D

Other Employee Benefit Plans (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2014
Defined Contribution Pension And Other Postretirement Plans Disclosure [Abstract]
Contributions and expenses of administering the Employee benefit plans	$ 2.2	$ 3.3	$ 3.3
Matching contribution	5 years
Expenses related to the SERP	$ 0.4	$ 0.5	$ 0.4

Accumulated Other Comprehensi72

Accumulated Other Comprehensive Income (Details) - USD ($)		12 Months Ended
		Jan. 31, 2016	Jan. 31, 2015
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance		$ 98,854,000	$ 103,702,000
Other comprehensive (loss) / income before reclassifications		(30,349,000)	(4,767,000)
Amounts reclassified from accumulated other comprehensive income	[1]		(81,000)
Net current-period other comprehensive (loss) / income		(30,349,000)	(4,848,000)
Ending Balance		68,505,000	98,854,000
Currency Translation Adjustments
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance		98,642,000	103,438,000
Other comprehensive (loss) / income before reclassifications		(30,377,000)	(4,796,000)
Net current-period other comprehensive (loss) / income		(30,377,000)	(4,796,000)
Ending Balance		68,265,000	98,642,000
Available-for-sale securities
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance		211,000	263,000
Other comprehensive (loss) / income before reclassifications		(22,000)	29,000
Amounts reclassified from accumulated other comprehensive income	[1]		(81,000)
Net current-period other comprehensive (loss) / income		(22,000)	(52,000)
Ending Balance		189,000	211,000
Net Unrealized Income (Loss) On Hedging Contracts
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance		1,000	1,000
Other comprehensive (loss) / income before reclassifications		50,000
Amounts reclassified from accumulated other comprehensive income			0
Net current-period other comprehensive (loss) / income		50,000
Ending Balance		$ 51,000	$ 1,000
[1]	Amounts in fiscal 2016 and 2015 were reclassified to earnings in the Consolidated Statements of Operations.

Segment and Geographic Inform73

Segment and Geographic Information (Details Textual) $ in Thousands		3 Months Ended								12 Months Ended
		Jan. 31, 2016USD ($)	Oct. 31, 2015USD ($)	Jul. 31, 2015USD ($)	Apr. 30, 2015USD ($)	Jan. 31, 2015USD ($)	Oct. 31, 2014USD ($)	Jul. 31, 2014USD ($)	Apr. 30, 2014USD ($)	Jan. 31, 2016USD ($)SegmentLocation		Jan. 31, 2015USD ($)		Jan. 31, 2014USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | Segment										2
Number of geographic locations | Location										2
Operating efficiency initiatives and other items		$ 1,300			$ 2,700					$ 3,996	[1]
Sales reserve for anticipated returns														$ 7,800
Net sales		$ 143,264	$ 185,629	$ 145,569	$ 120,461	$ 133,911	$ 188,557	$ 143,591	$ 120,921	594,923	[2],[3]	$ 586,980	[2],[3]	570,255	[2],[3]
Unallocated corporate expenses										27,000		19,300		26,500
Profits related to the company's supply chain operations										44,500		47,100		44,200
Intersegment Eliminations
Segment Reporting Information [Line Items]
Net sales										309,100		305,100		338,600
Wholesale
Segment Reporting Information [Line Items]
Operating efficiency initiatives and other items										4,000
Sales reserve for anticipated returns														7,800
Operating income anticipated sales returns														8,300
Donation expense														2,000
Duty refund receivables														2,500
Net sales	[2],[3]									530,009		522,260		510,990
Asia
Segment Reporting Information [Line Items]
Operating efficiency initiatives and other items										1,600
United States
Segment Reporting Information [Line Items]
Operating efficiency initiatives and other items										4,000
Sales reserve for anticipated returns														7,800
Operating income anticipated sales returns														8,300
Donation expense														2,000
Duty refund receivables														2,500
Net sales	[2],[3]									326,206		320,425		303,095
International
Segment Reporting Information [Line Items]
Operating efficiency initiatives and other items										4,000
Net sales	[2],[3]									$ 268,717		$ 266,555		$ 267,160
Geographic Concentration Risk | Europe | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution										21.20%		18.90%		18.50%
Geographic Concentration Risk | the Americas (excluding the United States) | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution										10.50%		11.40%		12.40%
Geographic Concentration Risk | Asia | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution										6.10%		8.00%		8.10%
Geographic Concentration Risk | Middle East | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution										7.40%		7.10%		7.80%
[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 $4.9 million in the United States and International locations of the Wholesale segment, respectively.
[2]	Fiscal 2014 Wholesale and United States net sales included a $7.8 million sales reserve, for anticipated returns resulting from the Company’s decision to reduce the presence of ESQ Movado while expanding the Movado brand offering in certain retail doors.
[3]	The United States and International net sales are net of intercompany sales of $309.1 million, $305.1 million and $338.6 million for the fiscal years ended January 31, 2016, 2015 and 2014, respectively.

Segment and Geographic Inform74

Segment and Geographic Information (Details) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
		Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2015	Oct. 31, 2014	Jul. 31, 2014	Apr. 30, 2014	Jan. 31, 2016		Jan. 31, 2015		Jan. 31, 2014
Operating segment data
Net sales		$ 143,264	$ 185,629	$ 145,569	$ 120,461	$ 133,911	$ 188,557	$ 143,591	$ 120,921	$ 594,923	[1],[2]	$ 586,980	[1],[2]	$ 570,255	[1],[2]
Operating Income	[3],[4],[5],[6],[7],[8]									70,107		71,487		67,742
Total Assets		585,170				583,023				585,170		583,023
Capital Expenditures										8,070		11,132		16,707
Depreciation and Amortization										13,156		12,469		12,233
Wholesale
Operating segment data
Net sales	[1],[2]									530,009		522,260		510,990
Operating Income	[3],[4],[5],[6],[7],[8]									58,242		58,236		55,241
Total Assets		562,547				562,462				562,547		562,462
Capital Expenditures										5,902		9,321		15,280
Depreciation and Amortization										11,561		11,053		10,965
Wholesale | Luxury brands category
Operating segment data
Net sales	[1],[2]									219,012		212,684		220,267
Wholesale | Licensed brands category
Operating segment data
Net sales	[1],[2]									297,227		294,316		276,356
Wholesale | After-sales service and all other
Operating segment data
Net sales	[1],[2]									13,770		15,260		14,367
Retail
Operating segment data
Net sales	[1],[2]									64,914		64,720		59,265
Operating Income	[3],[4],[5],[6],[7],[8]									11,865		13,251		12,501
Total Assets		$ 22,623				$ 20,561				22,623		20,561
Capital Expenditures										2,168		1,811		1,427
Depreciation and Amortization										$ 1,595		$ 1,416		$ 1,268
[1]	Fiscal 2014 Wholesale and United States net sales included a $7.8 million sales reserve, for anticipated returns resulting from the Company’s decision to reduce the presence of ESQ Movado while expanding the Movado brand offering in certain retail doors.
[2]	The United States and International net sales are net of intercompany sales of $309.1 million, $305.1 million and $338.6 million for the fiscal years ended January 31, 2016, 2015 and 2014, respectively.
[3]	Fiscal 2014 Wholesale and United States operating income included $2.5 million duty refund received relating to payments made by the Company in calendar years 2008 through 2011 for drawback claims filed with U.S. Customs & Border Protection.
[4]	Fiscal 2014 Wholesale and United States operating income included a $2.0 million donation to the Movado Group Foundation.
[5]	Fiscal 2014 Wholesale and United States operating income included a charge of $8.3 million related to its strategy to reduce the presence of ESQ Movado while expanding the Movado brand offering in certain retail doors. The $8.3 million charge consists of anticipated sales returns from select customers, inventory reserves and writes down of excess displays and point of sale materials related to this strategy.
[6]	Fiscal 2016 Wholesale and United States and International operating income included a $4.0 million charge as a result of actions taken by the Company in fiscal 2016 to achieve greater operating efficiencies and streamline its operations.
[7]	The International operating income included $44.5 million, $47.1 million and $44.2 million of certain intercompany profits related to the Company’s supply chain operations for the fiscal years ended January 31, 2016, 2015 and 2014, respectively.
[8]	The United States operating income included $27.0 million, $19.3 million and $26.5 million of unallocated corporate expenses for the fiscal years ended January 31, 2016, 2015 and 2014, respectively.

Segment and Geographic Inform75

Segment and Geographic Information (Details 1) - USD ($) $ in Thousands		3 Months Ended								12 Months Ended
		Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2015	Oct. 31, 2014	Jul. 31, 2014	Apr. 30, 2014	Jan. 31, 2016		Jan. 31, 2015		Jan. 31, 2014
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales		$ 143,264	$ 185,629	$ 145,569	$ 120,461	$ 133,911	$ 188,557	$ 143,591	$ 120,921	$ 594,923	[1],[2]	$ 586,980	[1],[2]	$ 570,255	[1],[2]
Operating Income	[3],[4],[5],[6],[7],[8]									70,107		71,487		67,742
Total Assets		585,170				583,023				585,170		583,023
Property, Plant and Equipment, Net		38,553				46,673				38,553		46,673
United States
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	[1],[2]									326,206		320,425		303,095
Operating Income	[3],[4],[5],[6],[7],[8]									29,867		18,811		11,036
Total Assets		215,053				209,660				215,053		209,660
Property, Plant and Equipment, Net		24,517				25,950				24,517		25,950
International
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	[1],[2]									268,717		266,555		267,160
Operating Income	[3],[4],[5],[6],[7],[8]									40,240		52,676		$ 56,706
Total Assets		370,117				373,363				370,117		373,363
Property, Plant and Equipment, Net		$ 14,036				$ 20,723				$ 14,036		$ 20,723
[1]	Fiscal 2014 Wholesale and United States net sales included a $7.8 million sales reserve, for anticipated returns resulting from the Company’s decision to reduce the presence of ESQ Movado while expanding the Movado brand offering in certain retail doors.
[2]	The United States and International net sales are net of intercompany sales of $309.1 million, $305.1 million and $338.6 million for the fiscal years ended January 31, 2016, 2015 and 2014, respectively.
[3]	Fiscal 2014 Wholesale and United States operating income included $2.5 million duty refund received relating to payments made by the Company in calendar years 2008 through 2011 for drawback claims filed with U.S. Customs & Border Protection.
[4]	Fiscal 2014 Wholesale and United States operating income included a $2.0 million donation to the Movado Group Foundation.
[5]	Fiscal 2014 Wholesale and United States operating income included a charge of $8.3 million related to its strategy to reduce the presence of ESQ Movado while expanding the Movado brand offering in certain retail doors. The $8.3 million charge consists of anticipated sales returns from select customers, inventory reserves and writes down of excess displays and point of sale materials related to this strategy.
[6]	Fiscal 2016 Wholesale and United States and International operating income included a $4.0 million charge as a result of actions taken by the Company in fiscal 2016 to achieve greater operating efficiencies and streamline its operations.
[7]	The International operating income included $44.5 million, $47.1 million and $44.2 million of certain intercompany profits related to the Company’s supply chain operations for the fiscal years ended January 31, 2016, 2015 and 2014, respectively.
[8]	The United States operating income included $27.0 million, $19.3 million and $26.5 million of unallocated corporate expenses for the fiscal years ended January 31, 2016, 2015 and 2014, respectively.

Quarterly Financial Data (Una76

Quarterly Financial Data (Unaudited) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2015	Oct. 31, 2014	Jul. 31, 2014	Apr. 30, 2014	Jan. 31, 2016		Jan. 31, 2015		Jan. 31, 2014
Unaudited selected interim operating results
Net sales	$ 143,264	$ 185,629	$ 145,569	$ 120,461	$ 133,911	$ 188,557	$ 143,591	$ 120,921	$ 594,923	[1],[2]	$ 586,980	[1],[2]	$ 570,255	[1],[2]
Gross profit	75,351	100,092	79,038	62,449	67,383	99,842	77,606	65,151	316,930		309,982		305,261
Income before income taxes	11,184	33,152	18,013	6,776	9,917	33,306	17,079	10,862	69,125		71,164		68,918
Net income	8,282	21,910	11,933	3,641	9,884	22,417	12,170	7,429	45,765		51,900		51,545
Net income attributed to Movado Group, Inc.	$ 7,888	$ 21,532	$ 12,053	$ 3,622	$ 10,051	$ 22,209	$ 12,151	$ 7,365	$ 45,094		$ 51,776		$ 50,877
Basic income per share:
Net income attributed to Movado Group, Inc.	$ 0.34	$ 0.93	$ 0.51	$ 0.15	$ 0.40	$ 0.88	$ 0.48	$ 0.29	$ 1.92		$ 2.05		$ 1.99
Diluted income per share:
Net income attributed to Movado Group, Inc.	$ 0.34	$ 0.92	$ 0.50	$ 0.15	$ 0.40	$ 0.87	$ 0.47	$ 0.29	$ 1.90		$ 2.02		$ 1.97
[1]	Fiscal 2014 Wholesale and United States net sales included a $7.8 million sales reserve, for anticipated returns resulting from the Company’s decision to reduce the presence of ESQ Movado while expanding the Movado brand offering in certain retail doors.
[2]	The United States and International net sales are net of intercompany sales of $309.1 million, $305.1 million and $338.6 million for the fiscal years ended January 31, 2016, 2015 and 2014, respectively.

Supplemental Cash Flow Inform77

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2014
Cash paid during the year for:
Interest	$ 797	$ 226	$ 282
Income taxes, net	$ 22,500	12,493	$ 8,013
Supplemental disclosures of non-cash investing activities:
Additions to property, plant and equipment included in accrued liabilities		$ 127

Other Income (Details Textual)

Other Income (Details Textual) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 30, 2014	Jan. 31, 2014
Other Income And Expenses [Abstract]
Pre-tax gain on the sale of a building		$ 1,526
Proceeds from asset held for sale	$ 2,200	$ 2,196

Net Income Attributed to Mova79

Net Income Attributed to Movado Group, Inc. and Transfers to Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2015	Oct. 31, 2014	Jul. 31, 2014	Apr. 30, 2014	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2014
Schedule of net income attributable to non controlling interest
Net income attributed to Movado Group, Inc.	$ 7,888	$ 21,532	$ 12,053	$ 3,622	$ 10,051	$ 22,209	$ 12,151	$ 7,365	$ 45,094	$ 51,776	$ 50,877
Transfers to the noncontrolling interest
Decrease in Movado Group, Inc.’s paid in capital for purchase of 49% of MGI-TWC B.V. common shares									(3,613)
Net transfers to noncontrolling interest									(3,613)
Change from net income attributed to Movado Group, Inc. and transfers to noncontrolling interest									$ 41,481	$ 51,776	$ 50,877

Net Income Attributed to Mova80

Net Income Attributed to Movado Group, Inc. and Transfers to Noncontrolling Interest (Details) (Parenthetical)	12 Months Ended
	Jan. 31, 2016
Schedule of net income attributable to non controlling interest
Percentage of common shares purchased	49.00%

Net Income Attributed to Mova81

Net Income Attributed to Movado Group, Inc. and Transfers to Noncontrolling Interest (Details Textual) - USD ($) $ in Millions	Jan. 06, 2016	Jan. 31, 2016
Schedule Of Equity Method Investments [Line Items]
Percentage of ownership controlled	51.00%
Percentage increase in ownership interest	49.00%
Purchase price due remaining amount on acquisition of co-venturer interest		$ 1.4
Co-venturer
Schedule Of Equity Method Investments [Line Items]
Percentage of ownership controlled	49.00%

Treasury Stock (Details Textual

Treasury Stock (Details Textual) - USD ($)	Mar. 31, 2016	Jan. 31, 2016	Jan. 31, 2015	Jan. 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		1,858,939	833,973
Stock repurchase program, total cost of shares repurchased		$ 48,748,000	$ 26,382,000	$ 10,488,000
Stock repurchase program, average per share price of shares repurchased		$ 26.22	$ 31.63
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		28,000
Stock repurchase program, total cost of shares repurchased		$ 800,000
Stock repurchase program, average per share price of shares repurchased		$ 27.33
Subsequent Event
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program expiration date	Sep. 30, 2017
Subsequent Event | Maximum
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares authorized	$ 50,000,000

Recent Accounting Pronounceme83

Recent Accounting Pronouncements (Details Textual) - USD ($) $ in Thousands	Jan. 31, 2016	Jan. 31, 2015
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Reclassification of net current deferred tax asset from current to noncurrent	$ 20,323	$ 19,985
New Accounting Pronouncement, Early Adoption, Effect
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Reclassification of net current deferred tax asset from current to noncurrent		$ 6,200

Operating Efficiency Initiati84

Operating Efficiency Initiatives and Other Items (Details Textual) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Jan. 31, 2016	Apr. 30, 2015	Jan. 31, 2016
Restructuring Cost And Reserve [Line Items]
Operating efficiency initiatives and other items	$ 1,300	$ 2,700	$ 3,996	[1]
Severance charges			1,600
Asia
Restructuring Cost And Reserve [Line Items]
Operating efficiency initiatives and other items			1,600
United States
Restructuring Cost And Reserve [Line Items]
Operating efficiency initiatives and other items			4,000
Severance charges			900
International
Restructuring Cost And Reserve [Line Items]
Operating efficiency initiatives and other items			4,000
Severance charges			4,900
SG&A
Restructuring Cost And Reserve [Line Items]
Severance charges			1,000
Occupancy charge			800
Fixed asset charge			1,600
Cost of sales
Restructuring Cost And Reserve [Line Items]
Severance charges			$ 600
[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 $4.9 million in the United States and International locations of the Wholesale segment, respectively.

Operating Efficiency Initiati85

Operating Efficiency Initiatives and Other Items (Details) - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
		Jan. 31, 2016	Apr. 30, 2015	Jan. 31, 2016
Restructuring Cost And Reserve [Line Items]
Balance at January 31, 2015			$ 1,080	$ 1,080
Fiscal 2016 Charges		$ 1,300	2,700	3,996	[1]
Cash payments				(2,085)
Non-cash adjustments				(1,577)
Foreign exchange				(424)
Accrued balance at January 31, 2016		990		990
Severance
Restructuring Cost And Reserve [Line Items]
Balance at January 31, 2015	[2]		$ 1,080	1,080
Fiscal 2016 Charges	[1],[2]			1,631
Cash payments	[2]			(1,836)
Foreign exchange	[2]			(244)
Accrued balance at January 31, 2016	[2]	631		631
Occupancy charges
Restructuring Cost And Reserve [Line Items]
Fiscal 2016 Charges	[1],[3]			788
Cash payments	[3]			(249)
Foreign exchange	[3]			(180)
Accrued balance at January 31, 2016	[3]	$ 359		359
Fixed assets
Restructuring Cost And Reserve [Line Items]
Fiscal 2016 Charges	[1],[4]			1,577
Non-cash adjustments	[4]			$ (1,577)
[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 $4.9 million in the United States and International locations of the Wholesale segment, respectively.
[2]	The total severance charges of $1.6 million include $1.0 million in SG&A and $0.6 million in Cost of sales on the Consolidated Statement of Operations for the fiscal year ended January 31, 2016.
[3]	Occupancy charges include expenses for rent, office equipment and legal expenses. The occupancy charge of $0.8 million is included in SG&A on the Consolidated Statement of Operations for the fiscal year ended January 31, 2016.
[4]	Fixed asset charges of $1.6 million are related to closing of certain shop-in-shops that were no longer in use and have no future value in Asia. The fixed asset charge of $1.6 million is included in SG&A on the Consolidated Statement of Operations for the fiscal year ended January 31, 2016.

Subsequent Event (Details Textu

Subsequent Event (Details Textual) - USD ($)	Mar. 31, 2016	Jan. 31, 2016	Nov. 25, 2014	Mar. 21, 2013
Subsequent Event [Line Items]
Stock repurchase program, number of shares authorized			$ 100,000,000	$ 50,000,000
Stock repurchase program expiration date		Jan. 31, 2016
Subsequent Event
Subsequent Event [Line Items]
Stock repurchase program expiration date	Sep. 30, 2017
Subsequent Event | Chief Operating Officer
Subsequent Event [Line Items]
Pre-tax charge for the immediate vesting of stock awards and certain other compensation	$ 2,000,000
Subsequent Event | Maximum
Subsequent Event [Line Items]
Stock repurchase program, number of shares authorized	$ 50,000,000

Valuation and Qualifying Acco87

Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2014
Valuation and qualifying accounts and reserves
Balance at beginning of year	$ 17,051	$ 23,100	$ 20,009
Net provision charged to operations	36,143	32,754	41,316
Currency revaluation	(402)	(324)	(142)
Net write-offs	(33,483)	(38,479)	(38,083)
Adjustments	418	1,310	(3,492)
Balance at end of year	19,309	17,051	23,100
Doubtful Accounts
Valuation and qualifying accounts and reserves
Balance at beginning of year	3,247	3,315	4,356
Net provision charged to operations	2,251	1,188	612
Currency revaluation	(190)	(132)	(27)
Net write-offs	(1,034)	(1,124)	(1,626)
Balance at end of year	4,274	3,247	3,315
Returns
Valuation and qualifying accounts and reserves
Balance at beginning of year	8,736	16,323	7,448
Net provision charged to operations	27,433	25,194	35,515
Currency revaluation	(147)	(87)	(63)
Net write-offs	(25,166)	(32,694)	(26,577)
Balance at end of year	10,856	8,736	16,323
Other Sales Allowances
Valuation and qualifying accounts and reserves
Balance at beginning of year	5,068	3,462	8,205
Net provision charged to operations	6,459	6,372	5,189
Currency revaluation	(65)	(105)	(52)
Net write-offs	(7,283)	(4,661)	(9,880)
Balance at end of year	4,179	5,068	3,462
Valuation Allowance of Deferred Tax Assets
Valuation and qualifying accounts and reserves
Balance at beginning of year	8,307	7,798	11,491
Currency revaluation	(636)	(801)	(201)
Adjustments	418	1,310	(3,492)
Balance at end of year	$ 8,089	$ 8,307	$ 7,798

Valuation and Qualifying Acco88

Valuation and Qualifying Accounts (Parenthetical) (Details) - USD ($) $ in Thousands	12 Months Ended
	Jan. 31, 2016	Jan. 31, 2015	Jan. 31, 2014
Valuation And Qualifying Accounts Disclosure [Line Items]
Accounts receivable, net of doubtful accounts, returns and allowances	$ 17,700	$ 16,600	$ 23,100
Prior year adjustments	177
Prior year adjustments and tax rate changes		29	238
Expired tax losses	(745)
P&L adjustments	986	1,281	(1,428)
Adjustments	$ 418	$ 1,310	(3,492)
Reversal due to merger / liquidations			(2,302)
E S Q Movado
Valuation And Qualifying Accounts Disclosure [Line Items]
Accounts receivable, net of doubtful accounts, returns and allowances			$ 7,800