Movado (MOV) 10-Q25 Aug 162017 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jul. 31, 2016	Aug. 18, 2016
Document Type	10-Q
Amendment Flag	false
Entity Filer Category	Accelerated Filer
Document Period End Date	Jul. 31, 2016
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Trading Symbol	MOV
Entity Registrant Name	MOVADO GROUP INC
Entity Central Index Key	72,573
Current Fiscal Year End Date	--01-31
Common Stock Class Undefined
Entity Common Stock, Shares Outstanding		16,306,248
Class A Common Stock
Entity Common Stock, Shares Outstanding		6,644,105

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands		Jul. 31, 2016	Jan. 31, 2016	Jul. 31, 2015
Current assets:
Cash and cash equivalents		$ 205,795	$ 228,188	$ 188,012
Trade receivables, net		72,737	71,030	80,818
Inventories		186,090	162,465	188,515
Other current assets		34,807	27,352	31,935
Total current assets		499,429	489,035	489,280
Property, plant and equipment, net		35,726	38,553	42,723
Deferred and non-current income taxes		20,656	20,323	19,652
Other non-current assets		42,925	37,259	38,356
Total assets		598,736	585,170	590,011
Current liabilities:
Loans payable to bank, current		3,000	5,000
Accounts payable		26,013	27,308	31,687
Accrued liabilities		37,676	39,617	38,182
Income taxes payable		2,120	6,257	955
Total current liabilities		68,809	78,182	70,824
Loans payable to bank		35,000	35,000	40,000
Deferred and non-current income taxes payable		3,089	2,640	3,750
Other non-current liabilities		32,206	28,201	30,353
Total liabilities		139,104	144,023	144,927
Commitments and contingencies (Note 8)
Equity:
Preferred Stock, $0.01 par value, 5,000,000 shares authorized; no shares issued
Capital in excess of par value		182,185	178,118	178,251
Retained earnings		396,432	392,788	368,441
Accumulated other comprehensive income		83,413	68,505	85,544
Treasury Stock, 10,830,958, 10,664,512 and 10,278,463 shares, respectively, at cost		(203,384)	(199,195)	(189,576)
Total Movado Group, Inc. shareholders' equity		458,983	440,552	442,995
Noncontrolling interests		649	595	2,089
Total equity		459,632	441,147	445,084
Total liabilities and equity		598,736	585,170	590,011
Common Stock Class Undefined
Equity:
Common Stock		271	270	269
Total equity	[1]	271	270	269
Class A Common Stock
Equity:
Common Stock		66	66	66
Total equity	[2]	$ 66	$ 66	$ 66

[1]	Each share of common stock is entitled to one vote per share on all matters submitted to a vote of the shareholders.
[2]	Each share of class A common stock is entitled to 10 votes per share on all matters submitted to a vote of the shareholders. Each holder of class A common stock is entitled to convert, at any time, any and all of such shares into the same number of shares of common stock. Each share of class A common stock is converted automatically into common stock in the event that the beneficial or record ownership of such shares of class A common stock is transferred to any person, except to certain family members or affiliated persons deemed “permitted transferees” pursuant to the Company’s Restated Certificate of Incorporation as amended. The class A common stock is not publicly traded, and consequently, there is currently no established public trading market for these shares.

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (Unaudited) (PARENTHETICAL) - $ / shares	Jul. 31, 2016	Jan. 31, 2016	Jul. 31, 2015
Preferred Stock, par value	$ 0.01	$ 0.01	$ 0.01
Preferred Stock, shares authorized	5,000,000	5,000,000	5,000,000
Preferred Stock, shares issued	0	0	0
Treasury Stock, shares	10,830,958	10,664,512	10,278,463
Common Stock Class Undefined
Common Stock, par value	$ 0.01	$ 0.01	$ 0.01
Common Stock, shares authorized	100,000,000	100,000,000	100,000,000
Common Stock, shares issued	27,137,049	26,962,656	26,941,855
Common Stock, shares outstanding	27,137,049	26,962,656	26,941,855
Class A Common Stock
Common Stock, par value	$ 0.01	$ 0.01	$ 0.01
Common Stock, shares authorized	30,000,000	30,000,000	30,000,000
Common Stock, shares issued	6,644,105	6,644,105	6,644,105
Common Stock, shares outstanding	6,644,105	6,644,105	6,644,105

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Income Statement [Abstract]
Net sales	$ 128,086	$ 145,569	$ 242,149	$ 266,030
Cost of sales	57,823	66,531	110,569	124,543
Gross profit	70,263	79,038	131,580	141,487
Selling, general, and administrative	60,172	60,804	116,111	116,378
Operating income	10,091	18,234	15,469	25,109
Interest expense	(331)	(256)	(706)	(408)
Interest income	36	35	93	88
Income before income taxes	9,796	18,013	14,856	24,789
Provision for income taxes (Note 9)	3,441	6,080	5,164	9,216
Net income	6,355	11,933	9,692	15,573
Less: Net income / (loss) attributed to noncontrolling interests	49	(120)	78	(101)
Net income attributed to Movado Group, Inc.	$ 6,306	$ 12,053	$ 9,614	$ 15,674
Basic income per share:
Weighted basic average shares outstanding	23,092	23,644	23,083	23,956
Net income per share attributed to Movado Group, Inc.	$ 0.27	$ 0.51	$ 0.42	$ 0.65
Diluted income per share:
Weighted diluted average shares outstanding	23,192	23,904	23,237	24,230
Net income per share attributed to Movado Group, Inc.	$ 0.27	$ 0.50	$ 0.41	$ 0.65
Dividends declared per share	$ 0.13	$ 0.11	$ 0.26	$ 0.22

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016		Jul. 31, 2015
Comprehensive income, net of taxes:
Net income including noncontrolling interests	$ 6,355	$ 11,933	$ 9,692		$ 15,573
Net unrealized (loss) / gain on investments, net of tax (benefit) of $(5), $3, $(3) and $7, respectively	(4)	5	2		15
Net change in effective portion of hedging contracts, net of tax of $60, $100, $14 and $0, respectively	306	504	74		(4)
Foreign currency translation adjustments	(3,092)	(10,070)	14,808	[1]	(13,207)	[1]
Comprehensive income including noncontrolling interests	3,565	2,372	24,576		2,377
Less: Comprehensive income / (loss) attributed to noncontrolling interests	17	(4)	54		13
Total comprehensive income attributed to Movado Group, Inc.	$ 3,548	$ 2,376	$ 24,522		$ 2,364

[1]	The currency translation adjustment is not adjusted for income taxes to the extent that it relates to permanent investments of earnings in international subsidiaries.

CONSOLIDATED STATEMENTS OF COM6

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (PARENTHETICAL) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Statement Of Income And Comprehensive Income [Abstract]
Net unrealized (loss) / gain on investments, tax	$ (5)	$ 3	$ (3)	$ 7
Net change in effective portion of hedging contracts, tax	$ 60	$ 100	$ 14	$ 0

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2016	Jul. 31, 2015
Cash flows from operating activities:
Net income including noncontrolling interests	$ 9,692	$ 15,573
Adjustments to reconcile net income to net cash (used in) / provided by operating activities:
Depreciation and amortization	5,688	6,131
Transactional losses / (gains)	1,925	(1,178)
Write-down of inventories	867	798
Deferred income taxes	142	376
Stock-based compensation	4,026	3,100
Excess tax shortfall / (benefit) from stock-based compensation	160	(42)
Operating efficiency initiatives and other items		2,670
Loss on disposal of fixed assets		310
Changes in assets and liabilities:
Trade receivables	(1,614)	(7,192)
Inventories	(21,134)	(21,948)
Other current assets	(5,271)	(101)
Accounts payable	(1,806)	4,329
Accrued liabilities	(1,196)	5,247
Income taxes payable	(4,392)	(6,083)
Other non-current assets	(4,863)	(645)
Other non-current liabilities	3,603	1,229
Net cash (used in) / provided by operating activities	(14,173)	2,574
Cash flows from investing activities:
Capital expenditures	(1,796)	(3,668)
Short-term investment	(154)
Restricted cash deposits	(1,156)
Trademarks and other intangibles	(263)	(138)
Net cash (used in) investing activities	(3,369)	(3,806)
Cash flows from financing activities:
Proceeds from bank borrowings	3,000	50,000
Repayments of bank borrowings	(5,000)	(10,000)
Stock options exercised and other changes	(1,248)	(489)
Excess tax (shortfall) / benefit from stock-based compensation	(160)	42
Dividends paid	(5,970)	(5,239)
Stock repurchase	(2,858)	(39,129)
Net cash (used in) financing activities	(12,236)	(4,815)
Effect of exchange rate changes on cash and cash equivalents	7,385	(5,793)
Net (decrease) in cash and cash equivalents	(22,393)	(11,840)
Cash and cash equivalents at beginning of period	228,188	199,852
Cash and cash equivalents at end of period	$ 205,795	$ 188,012

Basis of Presentation

Basis of Presentation	6 Months Ended
Basis of Presentation	Jul. 31, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	BASIS OF PRESENTATION The accompanying interim unaudited consolidated financial statements have been prepared by Movado Group, Inc. (the “Company”), in a manner consistent with that used in the preparation of the annual audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2016 (the “2016 Annual Report on Form 10-K”). The unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America, which require the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the dates of the unaudited consolidated financial statements and the reported amounts of revenues and expenses during the periods reported. Actual results could differ from those estimates. In the opinion of management, the accompanying unaudited consolidated financial statements reflect all adjustments, consisting of only normal and recurring adjustments, necessary for a fair statement of the financial position and results of operations for the periods presented. The consolidated balance sheet data at January 31, 2016 is derived from the audited annual financial statements, which are included in the Company’s 2016 Annual Report on Form 10-K and should be read in connection with these interim unaudited financial statements. Operating results for the interim periods presented are not necessarily indicative of the results that may be expected for the full year.

Reclassifications

Reclassifications	6 Months Ended
Reclassifications	Jul. 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 2017 presentation. As a result of early adoption of ASU 2015-17, “Income Taxes: Balance Sheet Classification of Deferred Taxes,” current deferred tax assets and liabilities were reclassified to non-current in all periods presented.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
Fair Value Measurements	Jul. 31, 2016
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Fair Value Measurements	NOTE 2 – FAIR VALUE MEASUREMENTS Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Accounting guidance establishes a fair value hierarchy which prioritizes the inputs used in measuring fair value into three broad levels as follows: · Level 1 – Quoted prices in active markets for identical assets or liabilities. · Level 2 – Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly. · Level 3 – Unobservable inputs based on the Company’s assumptions. The following tables present the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis (in thousands) as of July 31, 2016 and 2015 and January 31, 2016: Fair Value at July 31, 2016 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 271 $ — $ — $ 271 Short-term investment Other current assets 154 — — 154 SERP assets - employer Other non-current assets 1,364 — — 1,364 SERP assets - employee Other non-current assets 28,469 — — 28,469 Hedge derivatives Other current assets — 549 — 549 Total $ 30,258 $ 549 $ — $ 30,807 Liabilities: SERP liabilities - employee Other non-current liabilities $ 28,469 $ — $ — $ 28,469 Hedge derivatives Accrued liabilities — 92 — 92 Total $ 28,469 $ 92 $ — $ 28,561 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 July 31, 2015 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 331 $ — $ — $ 331 SERP assets - employer Other non-current assets 1,667 — — 1,667 SERP assets - employee Other non-current assets 26,107 — — 26,107 Hedge derivatives Other current assets — 103 — 103 Total $ 28,105 $ 103 $ — $ 28,208 Liabilities: SERP liabilities - employee Other non-current liabilities $ 26,107 $ — $ — $ 26,107 Hedge derivatives Accrued liabilities — 645 — 645 Total $ 26,107 $ 645 $ — $ 26,752 The fair values of the Company’s available-for-sale securities are based on quoted prices. The fair value of the short-term investment, which is a guaranteed investment certificate, is based on its purchase price plus one half of a percent calculated annually. The assets related to the Company’s defined contribution supplemental executive retirement plan (“SERP”) consist of both employer (employee unvested) and employee assets which are invested in investment funds with fair values calculated based on quoted market prices. The SERP liability represents the Company’s liability to the employees in the plan for their vested balances. The hedge derivatives are entered into by the Company principally to reduce its exposure to Swiss franc and Euro exchange rate risks. Fair values of the Company’s hedge derivatives are calculated based on quoted foreign exchange rates and quoted interest rates. The Company had a long-term investment, which converted to common and preferred shares of a privately held company during the second quarter of fiscal 2016, accounted for under the cost method, with a carrying value of $1.3 million. This investment is tested quarterly for impairment. During the three months ended July 31, 2016 no impairment was recorded for this investment. The carrying amount of debt approximated fair value as of July 31, 2016.

Equity

Equity	6 Months Ended
Equity	Jul. 31, 2016
Equity [Abstract]
Equity	NOTE 3 – EQUITY The components of equity for the six months ended July 31, 2016 and 2015 are as follows (in thousands): Movado Group, Inc. Shareholders' Equity Common Stock Class Capital Par Retained Earnings Treasury Stock Accumulated Other Comprehensive Income Noncontrolling Interests Total Balance, January 31, 2016 $ 270 $ 66 $ 178,118 $ 392,788 $ (199,195 ) $ 68,505 $ 595 $ 441,147 Net income 9,614 78 9,692 Dividends (5,970 ) (5,970 ) Stock repurchase (2,858 ) (2,858 ) Stock options exercised, net of tax of $160 1 (78 ) (1,331 ) (1,408 ) Supplemental executive retirement plan 119 119 Stock-based compensation expense 4,026 4,026 Net unrealized gain on investments, net of tax benefit of $3 2 2 Net change in effective portion of hedging contracts, net of tax of $14 74 74 Foreign currency translation adjustment (3) 14,832 (24 ) 14,808 Balance, July 31, 2016 $ 271 $ 66 $ 182,185 $ 396,432 $ (203,384 ) $ 83,413 $ 649 $ 459,632 Common Stock Class Capital Par Retained Earnings Treasury Stock Accumulated Other Comprehensive Income Noncontrolling Interests Total Balance, January 31, 2015 $ 268 $ 66 $ 174,826 $ 358,006 $ (149,811 ) $ 98,854 $ 2,076 $ 484,285 Net income 15,674 (101 ) 15,573 Dividends (5,239 ) (5,239 ) Stock repurchase (39,129 ) (39,129 ) Stock options exercised, net of tax benefit of $42 1 188 (636 ) (447 ) Supplemental executive retirement plan 137 137 Stock-based compensation expense 3,100 3,100 Net unrealized gain on investments, net of tax of $7 15 15 Net change in effective portion of hedging contracts, net of tax of $0 (4 ) (4 ) Foreign currency translation adjustment (3) (13,321 ) 114 (13,207 ) Balance, July 31, 2015 $ 269 $ 66 $ 178,251 $ 368,441 $ (189,576 ) $ 85,544 $ 2,089 $ 445,084 (1) Each share of common stock is entitled to one vote per share on all matters submitted to a vote of the shareholders. (2) Each share of class A common stock is entitled to 10 votes per share on all matters submitted to a vote of the shareholders. Each holder of class A common stock is entitled to convert, at any time, any and all of such shares into the same number of shares of common stock. Each share of class A common stock is converted automatically into common stock in the event that the beneficial or record ownership of such shares of class A common stock is transferred to any person, except to certain family members or affiliated persons deemed “permitted transferees” pursuant to the Company’s Restated Certificate of Incorporation as amended. The class A common stock is not publicly traded, and consequently, there is currently no established public trading market for these shares. (3) The currency translation adjustment is not adjusted for income taxes to the extent that it relates to permanent investments of earnings in international subsidiaries.

Segment and Geographic Informat

Segment and Geographic Information	6 Months Ended
Segment and Geographic Information	Jul. 31, 2016
Segment Reporting [Abstract]
Segment and Geographic Information	NOTE 4 – SEGMENT AND GEOGRAPHIC INFORMATION The Company follows accounting guidance which 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 Middle East, the Americas (excluding the United States) and Asia accounted for 22.3%, 10.0%, 8.3% and 7.2%, respectively, of the Company’s total net sales for the three months ended July 31, 2016. For the three months ended July 31, 2015, the Company’s International operations in Europe, the Middle East, the Americas (excluding the United States) and Asia accounted for 19.8%, 7.7%, 11.9% and 6.5%, respectively, of the Company’s total net sales. The Company’s International operations in Europe, the Middle East, the Americas (excluding the United States) and Asia accounted for 22.8%, 9.3%, 9.2% and 6.3%, respectively, of the Company’s total net sales for the six months ended July 31, 2016. For the six months ended July 31, 2015, the Company’s International operations in Europe, the Middle East, the Americas (excluding the United States) and Asia accounted for 19.9%, 7.6%, 11.6% and 7.0%, respectively, of the Company’s total net sales. Substantially all of the Company’s International assets are located in Switzerland and Hong Kong. Operating Segment Data for the Three Months Ended July 31, 2016 and 2015 (in thousands): Net Sales 2016 2015 Wholesale: Luxury brands category $ 46,643 $ 52,109 Licensed brands category 61,571 74,374 After-sales service and all other 2,997 3,272 Total Wholesale 111,211 129,755 Retail 16,875 15,814 Consolidated total $ 128,086 $ 145,569 Operating Income 2016 2015 Wholesale $ 6,633 $ 14,869 Retail 3,458 3,365 Consolidated total $ 10,091 $ 18,234 Operating Segment Data for the Six Months Ended July 31, 2016 and 2015 (in thousands): Net Sales 2016 2015 Wholesale: Luxury brands category $ 88,679 $ 97,012 Licensed brands category 118,411 135,216 After-sales service and all other 6,079 7,124 Total Wholesale 213,169 239,352 Retail 28,980 26,678 Consolidated total $ 242,149 $ 266,030 Operating Income 2016 2015 Wholesale $ 11,201 $ 20,794 Retail 4,268 4,315 Consolidated total $ 15,469 $ 25,109 Total Assets July 31, 2016 January 31, 2016 July 31, 2015 Wholesale $ 575,903 $ 562,547 $ 568,680 Retail 22,833 22,623 21,331 Consolidated total $ 598,736 $ 585,170 $ 590,011 Geographic Location Data for the Three Months Ended July 31, 2016 and 2015 (in thousands): Net Sales Operating (Loss) / Income 2016 2015 2016 2015 United States (1) $ 66,823 $ 78,772 $ (392 ) $ 7,948 International (2) 61,263 66,797 10,483 10,286 Consolidated total $ 128,086 $ 145,569 $ 10,091 $ 18,234 United States and International net sales are net of intercompany sales of $72.4 million and $76.7 million for the three months ended July 31, 2016 and 2015, respectively. Geographic Location Data for the Six Months Ended July 31, 2016 and 2015 (in thousands): Net Sales Operating (Loss) / Income 2016 2015 2016 2015 United States (1) $ 126,880 $ 143,356 $ (1,785 ) $ 10,377 International (2) 115,269 122,674 17,254 14,732 Consolidated total $ 242,149 $ 266,030 $ 15,469 $ 25,109 United States and International net sales are net of intercompany sales of $155.9 million and $158.2 million for the six months ended July 31, 2016 and 2015, respectively. (1) The United States operating loss included $10.0 million and operating income included $9.5 million of unallocated corporate expenses for the three months ended July 31, 2016 and 2015, respectively. The United States operating loss included $18.7 million and operating income included $16.6 million of unallocated corporate expenses for the six months ended July 31, 2016 and 2015, respectively. (2) The International operating income included $9.4 million and $10.9 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended July 31, 2016 and 2015, respectively. The International operating income included $16.5 million and $19.7 million of certain intercompany profits related to the Company’s supply chain operations for the six months ended July 31, 2016 and 2015, respectively. Total Assets July 31, 2016 January 31, 2016 July 31, 2015 United States $ 221,081 $ 215,053 $ 230,209 International 377,655 370,117 359,802 Consolidated total $ 598,736 $ 585,170 $ 590,011 Property, Plant and Equipment, Net July 31, 2016 January 31, 2016 July 31, 2015 United States $ 21,686 $ 24,517 $ 25,052 International 14,040 14,036 17,671 Consolidated total $ 35,726 $ 38,553 $ 42,723

Inventories

Inventories	6 Months Ended
Inventories	Jul. 31, 2016
Inventory Disclosure [Abstract]
Inventories	NOTE 5 – INVENTORIES Inventories consisted of the following (in thousands): July 31, 2016 January 31, 2016 July 31, 2015 Finished goods $ 134,421 $ 117,627 $ 135,112 Component parts 47,717 41,041 48,505 Work-in-process 3,952 3,797 4,898 $ 186,090 $ 162,465 $ 188,515

Debt and Lines of Credit

Debt and Lines of Credit	6 Months Ended
Debt and Lines of Credit	Jul. 31, 2016
Debt Disclosure [Abstract]
Debt and Lines of Credit	NOTE 6 – 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 July 31, 2016, $38.0 million in loans were drawn under the Facility. Additionally, approximately $0.3 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 July 31, 2016, availability under the Facility was approximately $61.7 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 (as defined in the Credit Agreement). At July 31, 2016, the Company’s spreads were 1.25% over LIBOR and 0.25% over the base rate. The Company has also agreed to pay certain fees and expenses and to 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 July 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 July 31, 2016, the Company classified $3.0 million of the outstanding balance under the Facility as current based on voluntary 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. As of July 31, 2016, Bank of America, N.A. issued two irrevocable standby letters of credit in connection with retail and operating facility leases to various landlords and for Canadian payroll to the Royal Bank of Canada. As of July 31, 2016, the Company had outstanding letters of credit totaling $0.3 million with expiration dates through May 31, 2017. A Swiss subsidiary of the Company maintains unsecured lines of credit with an unspecified maturity with a Swiss bank. As of July 31, 2016 and 2015, these lines of credit totaled 5.0 million Swiss francs with a dollar equivalent of $5.2 million and $5.2 million, respectively. As of July 31, 2016 and 2015, there were no borrowings against these lines. As of July 31, 2016, three European banks have guaranteed obligations to third parties on behalf of two of the Company’s foreign subsidiaries in the dollar equivalent of $1.2 million, in various foreign currencies, of which $0.6 million is a restricted deposit as it relates to lease agreements. As of July 31, 2015, two European banks have guaranteed obligations to third parties on behalf of two of the Company’s foreign subsidiaries in the dollar equivalent of $1.0 million in various foreign currencies.

Earnings Per Share

Earnings Per Share	6 Months Ended
Earnings Per Share	Jul. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 7 – EARNINGS PER SHARE The Company presents net income per share on a basic and diluted basis. Basic earnings per share are computed using weighted-average shares outstanding during the period. Diluted earnings per share are computed using the weighted-average number of shares outstanding adjusted for dilutive common stock equivalents. The weighted-average number of shares outstanding for basic earnings per share was approximately 23,092,000 and 23,644,000 for the three months ended July 31, 2016 and 2015, respectively. For the three months ended July 31, 2016 and 2015, the number of shares outstanding for diluted earnings per share increased by approximately 100,000 and 260,000, respectively, due to potentially dilutive common stock equivalents issuable under the Company’s stock compensation plans and SERP. For the three months ended July 31, 2016 and 2015, approximately 1,005,000 and 536,000, respectively, of potentially dilutive common stock equivalents were excluded from the computation of diluted earnings per share because their effect would have been antidilutive. The weighted-average number of shares outstanding for basic earnings per share was approximately 23,083,000 and 23,956,000 for the six months ended July 31, 2016 and 2015, respectively. For the six months ended July 31, 2016 and 2015, the number of shares outstanding for diluted earnings per share increased by approximately 154,000 and 274,000, respectively, due to potentially dilutive common stock equivalents issuable under the Company’s stock compensation plans and SERP. For the six months ended July 31, 2016 and 2015, approximately 837,000 and 461,000, respectively, of potentially dilutive common stock equivalents were excluded from the computation of diluted earnings per share because their effect would have been antidilutive.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jul. 31, 2016
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 8 – COMMITMENTS AND CONTINGENCIES The Company has minimum commitments related to the Company’s license agreements and endorsement agreements with brand ambassadors. The Company sources, distributes, advertises and sells watches pursuant to its exclusive license agreements with unaffiliated licensors. Royalty amounts under the license agreements are generally based on a stipulated percentage of revenues, although most of these agreements contain provisions for the payment of minimum annual royalty amounts. The license agreements have various terms and some have additional renewal options, provided that minimum sales levels are achieved. Additionally, the license agreements require the Company to pay minimum annual advertising amounts. The Company believes that income tax reserves are adequate; however, amounts asserted by taxing authorities could be greater or less than amounts accrued and reflected in the consolidated balance sheets. 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. As of July 31, 2016, the Company recorded $1.0 million in restricted cash deposits in other current assets on the Company’s Consolidated Balance Sheet, related to a certain vendor agreement. In August 2016, the Company received a draft audit report from U.S. Customs and Border Protection (“U.S. Customs”) concerning the methodology used by the Company to allocate the cost of certain watch styles imported into the U.S. among the component parts of those watches for tariff purposes. The draft report communicated U.S. Customs’ preliminary assertion that the Company should have applied an alternative methodology that would have resulted in approximately $5.1 million in additional duty over the five-year period covered by the statute of limitations. The Company believes that U.S. Customs’ alternative duty methodology and resulting estimate are not consistent with the Company’s facts and circumstances and is disputing U.S. Customs’ assertion. Although the Company disagrees with U.S. Customs’ position, it cannot predict with any certainty the outcome of this matter. The Company is continuing to work with U.S. Customs to reach a resolution. The Company is involved in legal proceedings and claims from time to time, in the ordinary course of its business. Legal reserves are recorded in accordance with the accounting guidance for contingencies. Contingencies are inherently unpredictable and it is possible that results of operations or cash flows could be materially and adversely affected in any particular period by unfavorable developments in, or resolution or disposition of, such matters. For those legal proceedings and claims for which the Company believes that it is reasonably possible that a loss may result that is materially in excess of amounts accrued for the matter, the Company either discloses an estimate of such possible loss or range of loss or includes a statement that such an estimate cannot be made. As of July 31, 2016, the Company is party to legal proceedings and contingencies, the resolution of which is not expected to materially affect its financial condition, future results of operations or cash flows.

Income Taxes

Income Taxes	6 Months Ended
Income Taxes	Jul. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 9 – INCOME TAXES The Company recorded income tax expense of $3.4 million and $6.1 million for the three months ended July 31, 2016 and 2015, respectively. The effective tax rate was 35.1% and 33.8% for the three months ended July 31, 2016 and 2015, respectively. The increase in the effective tax rate was primarily due to a decrease in income before income taxes in certain jurisdictions. The Company recorded income tax expense of $5.2 million and $9.2 million for the six months ended July 31, 2016 and 2015, respectively. The effective tax rate was 34.8% and 37.2% for the six months ended July 31, 2016 and 2015, respectively. The decrease in the effective tax rate was primarily due to certain costs related to the operating efficiency initiatives and other items (see note 14), which resulted in deferred tax benefits that were valued in prior year, and the non-recurrence of a valuation allowance against certain foreign deferred tax assets. The effective tax rate for the three and six months ended July 31, 2016 differs from the U.S. statutory tax rate of 35.0% primarily as a result of foreign profits being taxed in lower taxing jurisdictions, partially offset by no tax benefit being recognized on losses incurred by certain foreign operations. The effective tax rate for the three and six months ended July 31, 2015 differs from the U.S. statutory tax rate of 35.0% primarily due to no tax benefit being recognized on losses incurred by certain foreign operations offset by foreign profits being taxed in lower taxing jurisdictions. Also included in the six months ended July 31, 2015, is the impact of certain costs related to the operating efficiency initiatives and other items (see note 14) which resulted in deferred tax benefits that were valued .

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
Derivative Financial Instruments	Jul. 31, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	NOTE 10 – 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 and the British Pound. The Company reduces its exposure to the Swiss franc, Euro and British Pound 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, from time to time 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. No ineffectiveness has been recorded in the three and six months ended July 31, 2016 and 2015. 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. As of July 31, 2016, the Company’s entire net forward contracts hedging portfolio consisted of 36.0 million Swiss francs equivalent and 10.0 million Euros equivalent for various expiry dates ranging through January 10, 2017. The following table summarizes the fair value and presentation in the Consolidated Balance Sheets for derivatives (in thousands): Asset Derivatives Liability Derivatives Balance Sheet Location July 31, 2016 Fair Value January 31, 2016 Fair Value July 31, 2015 Fair Value Balance Sheet Location July 31, 2016 Fair Value January 31, 2016 Fair Value July 31, 2015 Fair Value Derivatives not designated as hedging instruments: Foreign Exchange Contracts Other Current Assets $ 355 $ 1 $ 33 Accrued Liabilities $ 92 $ 1,163 $ 589 Total Derivative Instruments $ 355 $ 1 $ 33 $ 92 $ 1,163 $ 589 Asset Derivatives Liability Derivatives Balance Sheet Location July 31, 2016 Fair Value January 31, 2016 Fair Value July 31, 2015 Fair Value Balance Sheet Location July 31, 2016 Fair Value January 31, 2016 Fair Value July 31, 2015 Fair Value Derivatives designated as hedging instruments: Foreign Exchange Contracts Other Current Assets $ 194 $ 63 $ 70 Accrued Liabilities $ — $ — $ 56 Total Derivative Instruments $ 194 $ 63 $ 70 $ — $ — $ 56 As of July 31, 2016 and 2015, the balance of deferred net gains on derivative financial instruments documented as cash flow hedges included in accumulated other comprehensive income (“AOCI”) were immaterial for both periods, respectively. The maximum length of time the Company hedges its exposure to the fluctuation in future cash flows for forecasted transactions is 24 months. For the three months ended July 31, 2016 and 2015, the Company reclassified amounts from AOCI to earnings that were immaterial for both periods, respectively. For the six months ended July 31, 2016 and 2015, the Company reclassified amounts from AOCI to earnings that were immaterial for both periods, respectively.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
Accumulated Other Comprehensive Income	Jul. 31, 2016
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Accumulated Other Comprehensive Income	NOTE 11 - ACCUMULATED OTHER COMPREHENSIVE INCOME The components of accumulated other comprehensive income consisted of the following (in thousands): Currency Translation Adjustments Available-for-sale securities Net Unrealized Income On Hedging Contracts Accumulated Other Comprehensive Income Balance, January 31, 2016 $ 68,265 $ 189 $ 51 $ 68,505 Other comprehensive income before reclassifications 14,832 2 153 14,987 Amounts reclassified from accumulated other comprehensive income (1) — — (79 ) (79 ) Net current-period other comprehensive income 14,832 2 74 14,908 As of July 31, 2016 $ 83,097 $ 191 $ 125 $ 83,413 Currency Translation Adjustments Available-for-sale securities Net Unrealized Income / (Loss) On Hedging Contracts Accumulated Other Comprehensive Income Balance, January 31, 2015 $ 98,642 $ 211 $ 1 $ 98,854 Other comprehensive (loss) / income before reclassifications (13,321 ) 15 (45 ) (13,351 ) Amounts reclassified from accumulated other comprehensive (loss) / income (1) — — 41 41 Net current-period other comprehensive (loss) / income (13,321 ) 15 (4 ) (13,310 ) As of July 31, 2015 $ 85,321 $ 226 $ (3 ) $ 85,544 (1) Amounts reclassified to earnings in the Consolidated Statements of Operations.

Treasury Stock

Treasury Stock	6 Months Ended
Treasury Stock	Jul. 31, 2016
Equity [Abstract]
Treasury Stock	NOTE 12 – 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 plans, block trades or otherwise. This authorization expires on September 30, 2017. During the six months ended July 31, 2016, the Company repurchased a total of 119,499 shares of its common stock at a total cost of approximately $2.9 million or an average cost of $23.92 per share, which included 15,000 shares repurchased from the Movado Group Foundation at a total cost of approximately $0.4 million or $27.67 average per share. During the six months ended July 31, 2015, under a previously approved share repurchase program, the Company repurchased a total of 1,472,890 shares of its common stock at a total cost of approximately $39.1 million or an average cost of $26.57 per share, which included 15,000 shares repurchased from the Movado Group Foundation at a total cost of approximately $0.4 million or $27.95 average per share. There were 46,947 and 21,076 shares of common stock repurchased during the six months ended July 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 to fund the payment of such taxes.

Accounting Changes and Recent A

Accounting Changes and Recent Accounting Pronouncements	6 Months Ended
Accounting Changes and Recent Accounting Pronouncements	Jul. 31, 2016
Accounting Changes And Error Corrections [Abstract]
Accounting Changes and Recent Accounting Pronouncements	NOTE 13 – ACCOUNTING CHANGES AND RECENT ACCOUNTING PRONOUNCEMENTS On April 15, 2015, FASB issued ASU 2015-05, “Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement.” The amendments in this update provide guidance to customers about whether a cloud computing arrangement includes a software license. Under application of this guidance, if a cloud computing arrangement includes a software license, the update specifies that the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. A customer should account for a cloud computing arrangement as a service contract if the arrangement does not include a software license. The Company prospectively adopted the provisions of ASU 2015-05 during the first quarter of fiscal 2017, which had no material impact on the Company’s financial position, results of operations or cash flows. On March 30, 2016, FASB issued ASU 2016-09, “Improvements to Employee Share-Based Payment Accounting,” which amends accounting for income taxes related to share-based compensation, the related classification in the statement of cash flows and share award forfeiture accounting. For public companies, the standard will be effective for the first interim reporting period within annual periods beginning after December 15, 2016, although early adoption is permitted. The Company is evaluating the impact of the adoption of this guidance on the Company’s consolidated financial statements. On February 25, 2016, FASB issued ASU 2016-02, “Leases,” which requires lessees to recognize most leases on the balance sheet. This change 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 July 22, 2015, FASB issued ASU 2015-11, “Inventory: Simplifying the Measurement of Inventory,” which affects reporting entities that measure inventory using first-in, first-out or average cost. Specifically, the guidance requires that inventory be measured at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable cost of completion, disposal, and transportation. The guidance is effective for annual periods beginning after December 15, 2016, with early adoption permitted. The Company is evaluating the effect of adopting this pronouncement, but the adoption is not expected to have a material impact on the Company’s consolidated financial statements. On 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. On March 30, 2016, FASB issued ASU 2016-08, “Revenue from Contracts with Customers (Principal versus Agent Considerations),” to clarify the implementation guidance on principal versus agent considerations. On April 14, 2016, FASB issued ASU 2016-10, “Revenue from Contracts with Customers (Identifying Performance Obligations and Licensing),” to clarify the implementation guidance on identifying performance obligations and accounting for licenses of intellectual property. On May 9, 2016, FASB issued ASU 2016-12, “Revenue from Contracts with Customers (Narrow-Scope Improvements and Practical Expedients),” to clarify the implementation guidance on assessing collectability, presentation of sales taxes, noncash consideration and completed contracts and contract modifications at transition. 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	6 Months Ended
Operating Efficiency Initiatives and Other Items	Jul. 31, 2016
Restructuring And Related Activities [Abstract]
Operating Efficiency Initiatives and Other Items	NOTE 14 – 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. The Company substantially completed the actions under this initiative as of January 31, 2016. A summary rollforward of costs related to the operating efficiency initiatives and other items is as follows (in thousands): Balance at January 31, 2016 Foreign exchange Non-cash adjustments Cash payments Accrued balance at July 31, 2016 Severance $ 631 $ 172 $ (77 ) $ (621 ) $ 105 Occupancy charges 359 130 — (87 ) 402 Total $ 990 $ 302 $ (77 ) $ (708 ) $ 507

Other Charges

Other Charges	6 Months Ended
Other Charges	Jul. 31, 2016
Other Income And Expenses [Abstract]
Other Charges	NOTE 15 – OTHER CHARGES During the first quarter of fiscal 2017, the Company recorded $1.8 million in compensation related expenses in the United States location of the Wholesale segment associated with the retirement of the Company’s Vice Chairman and Chief Operating Officer. At July 31, 2016, $0.4 million was included in accrued liabilities.

Subsequent Event

Subsequent Event	6 Months Ended
Subsequent Event	Jul. 31, 2016
Subsequent Events [Abstract]
Subsequent Event	NOTE 16 – SUBSEQUENT EVENT On August 4, 2016, Movado Group, Inc. and Majorelle Limited, an English company (“Majorelle”), voluntarily terminated the joint venture agreement they had entered into on January 30, 2013 (the “JV Agreement”) relating to MGS Distribution Limited, an English company (“MGS”). Under the JV Agreement, the Company and Majorelle owned 90% and 10%, respectively, of the issued and outstanding shares of MGS which was formed to distribute the Company’s licensed watch brands in the United Kingdom. The mutual agreement to terminate the JV Agreement was the result of the Company acquiring the remaining shares in MGS from Majorelle, for the purchase price of $1.7 million, thereby increasing its ownership interest in MGS to 100%. Henceforth the Company will account for MGS as a wholly-owned entity.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
Fair Value Measurements (Tables)	Jul. 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 (in thousands) as of July 31, 2016 and 2015 and January 31, 2016: Fair Value at July 31, 2016 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 271 $ — $ — $ 271 Short-term investment Other current assets 154 — — 154 SERP assets - employer Other non-current assets 1,364 — — 1,364 SERP assets - employee Other non-current assets 28,469 — — 28,469 Hedge derivatives Other current assets — 549 — 549 Total $ 30,258 $ 549 $ — $ 30,807 Liabilities: SERP liabilities - employee Other non-current liabilities $ 28,469 $ — $ — $ 28,469 Hedge derivatives Accrued liabilities — 92 — 92 Total $ 28,469 $ 92 $ — $ 28,561 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 July 31, 2015 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 331 $ — $ — $ 331 SERP assets - employer Other non-current assets 1,667 — — 1,667 SERP assets - employee Other non-current assets 26,107 — — 26,107 Hedge derivatives Other current assets — 103 — 103 Total $ 28,105 $ 103 $ — $ 28,208 Liabilities: SERP liabilities - employee Other non-current liabilities $ 26,107 $ — $ — $ 26,107 Hedge derivatives Accrued liabilities — 645 — 645 Total $ 26,107 $ 645 $ — $ 26,752

Equity (Tables)

Equity (Tables)	6 Months Ended
Equity (Tables)	Jul. 31, 2016
Equity [Abstract]
Components of Equity	The components of equity for the six months ended July 31, 2016 and 2015 are as follows (in thousands): Movado Group, Inc. Shareholders' Equity Common Stock Class Capital Par Retained Earnings Treasury Stock Accumulated Other Comprehensive Income Noncontrolling Interests Total Balance, January 31, 2016 $ 270 $ 66 $ 178,118 $ 392,788 $ (199,195 ) $ 68,505 $ 595 $ 441,147 Net income 9,614 78 9,692 Dividends (5,970 ) (5,970 ) Stock repurchase (2,858 ) (2,858 ) Stock options exercised, net of tax of $160 1 (78 ) (1,331 ) (1,408 ) Supplemental executive retirement plan 119 119 Stock-based compensation expense 4,026 4,026 Net unrealized gain on investments, net of tax benefit of $3 2 2 Net change in effective portion of hedging contracts, net of tax of $14 74 74 Foreign currency translation adjustment (3) 14,832 (24 ) 14,808 Balance, July 31, 2016 $ 271 $ 66 $ 182,185 $ 396,432 $ (203,384 ) $ 83,413 $ 649 $ 459,632 Common Stock Class Capital Par Retained Earnings Treasury Stock Accumulated Other Comprehensive Income Noncontrolling Interests Total Balance, January 31, 2015 $ 268 $ 66 $ 174,826 $ 358,006 $ (149,811 ) $ 98,854 $ 2,076 $ 484,285 Net income 15,674 (101 ) 15,573 Dividends (5,239 ) (5,239 ) Stock repurchase (39,129 ) (39,129 ) Stock options exercised, net of tax benefit of $42 1 188 (636 ) (447 ) Supplemental executive retirement plan 137 137 Stock-based compensation expense 3,100 3,100 Net unrealized gain on investments, net of tax of $7 15 15 Net change in effective portion of hedging contracts, net of tax of $0 (4 ) (4 ) Foreign currency translation adjustment (3) (13,321 ) 114 (13,207 ) Balance, July 31, 2015 $ 269 $ 66 $ 178,251 $ 368,441 $ (189,576 ) $ 85,544 $ 2,089 $ 445,084 (1) Each share of common stock is entitled to one vote per share on all matters submitted to a vote of the shareholders. (2) Each share of class A common stock is entitled to 10 votes per share on all matters submitted to a vote of the shareholders. Each holder of class A common stock is entitled to convert, at any time, any and all of such shares into the same number of shares of common stock. Each share of class A common stock is converted automatically into common stock in the event that the beneficial or record ownership of such shares of class A common stock is transferred to any person, except to certain family members or affiliated persons deemed “permitted transferees” pursuant to the Company’s Restated Certificate of Incorporation as amended. The class A common stock is not publicly traded, and consequently, there is currently no established public trading market for these shares. (3) The currency translation adjustment is not adjusted for income taxes to the extent that it relates to permanent investments of earnings in international subsidiaries.

Segment and Geographic Inform27

Segment and Geographic Information (Tables)	6 Months Ended
Segment and Geographic Information (Tables)	Jul. 31, 2016
Segment Reporting [Abstract]
Operating Segment Data	Operating Segment Data for the Three Months Ended July 31, 2016 and 2015 (in thousands): Net Sales 2016 2015 Wholesale: Luxury brands category $ 46,643 $ 52,109 Licensed brands category 61,571 74,374 After-sales service and all other 2,997 3,272 Total Wholesale 111,211 129,755 Retail 16,875 15,814 Consolidated total $ 128,086 $ 145,569 Operating Income 2016 2015 Wholesale $ 6,633 $ 14,869 Retail 3,458 3,365 Consolidated total $ 10,091 $ 18,234 Operating Segment Data for the Six Months Ended July 31, 2016 and 2015 (in thousands): Net Sales 2016 2015 Wholesale: Luxury brands category $ 88,679 $ 97,012 Licensed brands category 118,411 135,216 After-sales service and all other 6,079 7,124 Total Wholesale 213,169 239,352 Retail 28,980 26,678 Consolidated total $ 242,149 $ 266,030 Operating Income 2016 2015 Wholesale $ 11,201 $ 20,794 Retail 4,268 4,315 Consolidated total $ 15,469 $ 25,109 Total Assets July 31, 2016 January 31, 2016 July 31, 2015 Wholesale $ 575,903 $ 562,547 $ 568,680 Retail 22,833 22,623 21,331 Consolidated total $ 598,736 $ 585,170 $ 590,011
Geographic Segment Data	Geographic Location Data for the Three Months Ended July 31, 2016 and 2015 (in thousands): Net Sales Operating (Loss) / Income 2016 2015 2016 2015 United States (1) $ 66,823 $ 78,772 $ (392 ) $ 7,948 International (2) 61,263 66,797 10,483 10,286 Consolidated total $ 128,086 $ 145,569 $ 10,091 $ 18,234 United States and International net sales are net of intercompany sales of $72.4 million and $76.7 million for the three months ended July 31, 2016 and 2015, respectively. Geographic Location Data for the Six Months Ended July 31, 2016 and 2015 (in thousands): Net Sales Operating (Loss) / Income 2016 2015 2016 2015 United States (1) $ 126,880 $ 143,356 $ (1,785 ) $ 10,377 International (2) 115,269 122,674 17,254 14,732 Consolidated total $ 242,149 $ 266,030 $ 15,469 $ 25,109 United States and International net sales are net of intercompany sales of $155.9 million and $158.2 million for the six months ended July 31, 2016 and 2015, respectively. (1) The United States operating loss included $10.0 million and operating income included $9.5 million of unallocated corporate expenses for the three months ended July 31, 2016 and 2015, respectively. The United States operating loss included $18.7 million and operating income included $16.6 million of unallocated corporate expenses for the six months ended July 31, 2016 and 2015, respectively. (2) The International operating income included $9.4 million and $10.9 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended July 31, 2016 and 2015, respectively. The International operating income included $16.5 million and $19.7 million of certain intercompany profits related to the Company’s supply chain operations for the six months ended July 31, 2016 and 2015, respectively. Total Assets July 31, 2016 January 31, 2016 July 31, 2015 United States $ 221,081 $ 215,053 $ 230,209 International 377,655 370,117 359,802 Consolidated total $ 598,736 $ 585,170 $ 590,011 Property, Plant and Equipment, Net July 31, 2016 January 31, 2016 July 31, 2015 United States $ 21,686 $ 24,517 $ 25,052 International 14,040 14,036 17,671 Consolidated total $ 35,726 $ 38,553 $ 42,723

Inventories (Tables)

Inventories (Tables)	6 Months Ended
Inventories (Tables)	Jul. 31, 2016
Inventory Disclosure [Abstract]
Components of Inventories	Inventories consisted of the following (in thousands): July 31, 2016 January 31, 2016 July 31, 2015 Finished goods $ 134,421 $ 117,627 $ 135,112 Component parts 47,717 41,041 48,505 Work-in-process 3,952 3,797 4,898 $ 186,090 $ 162,465 $ 188,515

Derivative Financial Instrume29

Derivative Financial Instruments (Tables)	6 Months Ended
Derivative Financial Instruments (Tables)	Jul. 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 (in thousands): Asset Derivatives Liability Derivatives Balance Sheet Location July 31, 2016 Fair Value January 31, 2016 Fair Value July 31, 2015 Fair Value Balance Sheet Location July 31, 2016 Fair Value January 31, 2016 Fair Value July 31, 2015 Fair Value Derivatives not designated as hedging instruments: Foreign Exchange Contracts Other Current Assets $ 355 $ 1 $ 33 Accrued Liabilities $ 92 $ 1,163 $ 589 Total Derivative Instruments $ 355 $ 1 $ 33 $ 92 $ 1,163 $ 589 Asset Derivatives Liability Derivatives Balance Sheet Location July 31, 2016 Fair Value January 31, 2016 Fair Value July 31, 2015 Fair Value Balance Sheet Location July 31, 2016 Fair Value January 31, 2016 Fair Value July 31, 2015 Fair Value Derivatives designated as hedging instruments: Foreign Exchange Contracts Other Current Assets $ 194 $ 63 $ 70 Accrued Liabilities $ — $ — $ 56 Total Derivative Instruments $ 194 $ 63 $ 70 $ — $ — $ 56

Accumulated Other Comprehensi30

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
Accumulated Other Comprehensive Income (Tables)	Jul. 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 consisted of the following (in thousands): Currency Translation Adjustments Available-for-sale securities Net Unrealized Income On Hedging Contracts Accumulated Other Comprehensive Income Balance, January 31, 2016 $ 68,265 $ 189 $ 51 $ 68,505 Other comprehensive income before reclassifications 14,832 2 153 14,987 Amounts reclassified from accumulated other comprehensive income (1) — — (79 ) (79 ) Net current-period other comprehensive income 14,832 2 74 14,908 As of July 31, 2016 $ 83,097 $ 191 $ 125 $ 83,413 Currency Translation Adjustments Available-for-sale securities Net Unrealized Income / (Loss) On Hedging Contracts Accumulated Other Comprehensive Income Balance, January 31, 2015 $ 98,642 $ 211 $ 1 $ 98,854 Other comprehensive (loss) / income before reclassifications (13,321 ) 15 (45 ) (13,351 ) Amounts reclassified from accumulated other comprehensive (loss) / income (1) — — 41 41 Net current-period other comprehensive (loss) / income (13,321 ) 15 (4 ) (13,310 ) As of July 31, 2015 $ 85,321 $ 226 $ (3 ) $ 85,544 (1) Amounts reclassified to earnings in the Consolidated Statements of Operations.

Operating Efficiency Initiati31

Operating Efficiency Initiatives and Other Items (Tables)	6 Months Ended
Operating Efficiency Initiatives and Other Items (Tables)	Jul. 31, 2016
Restructuring And Related Activities [Abstract]
Summary of Costs Related to Operating Efficiency Initiatives and Other Items	A summary rollforward of costs related to the operating efficiency initiatives and other items is as follows (in thousands): Balance at January 31, 2016 Foreign exchange Non-cash adjustments Cash payments Accrued balance at July 31, 2016 Severance $ 631 $ 172 $ (77 ) $ (621 ) $ 105 Occupancy charges 359 130 — (87 ) 402 Total $ 990 $ 302 $ (77 ) $ (708 ) $ 507

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Jul. 31, 2016	Jan. 31, 2016	Jul. 31, 2015
Assets:
Total assets measured at fair value	$ 30,807	$ 26,353	$ 28,208
Liabilities:
Total liabilities measured at fair value	28,561	26,016	26,752
Other Current Assets \| Available-for-sale securities
Assets:
Total assets measured at fair value	271	268	331
Other Current Assets \| Short-term investment
Assets:
Total assets measured at fair value	154
Other Current Assets \| Hedge derivatives-Assets
Assets:
Total assets measured at fair value	549	64	103
Other non-current assets \| SERP assets - employer
Assets:
Total assets measured at fair value	1,364	1,168	1,667
Other non-current assets \| SERP assets - employee
Assets:
Total assets measured at fair value	28,469	24,853	26,107
Other non-current liabilities \| SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	28,469	24,853	26,107
Accrued Liabilities \| Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	92	1,163	645
Level 1
Assets:
Total assets measured at fair value	30,258	26,289	28,105
Liabilities:
Total liabilities measured at fair value	28,469	24,853	26,107
Level 1 \| Other Current Assets \| Available-for-sale securities
Assets:
Total assets measured at fair value	271	268	331
Level 1 \| Other Current Assets \| Short-term investment
Assets:
Total assets measured at fair value	154
Level 1 \| Other non-current assets \| SERP assets - employer
Assets:
Total assets measured at fair value	1,364	1,168	1,667
Level 1 \| Other non-current assets \| SERP assets - employee
Assets:
Total assets measured at fair value	28,469	24,853	26,107
Level 1 \| Other non-current liabilities \| SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	28,469	24,853	26,107
Level 2
Assets:
Total assets measured at fair value	549	64	103
Liabilities:
Total liabilities measured at fair value	92	1,163	645
Level 2 \| Other Current Assets \| Hedge derivatives-Assets
Assets:
Total assets measured at fair value	549	64	103
Level 2 \| Accrued Liabilities \| Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	$ 92	$ 1,163	$ 645

Fair Value Measurements (Deta33

Fair Value Measurements (Details Textual) - USD ($)	3 Months Ended	6 Months Ended
Fair Value Measurements (Details Textual) - USD ($)	Jul. 31, 2016	Jul. 31, 2016	Jul. 31, 2015
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Cost method investments, carrying value			$ 1,300,000
Impairment on investments	$ 0
Short-term investment
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair value, investment		The fair value of the short-term investment, which is a guaranteed investment certificate, is based on its purchase price plus one half of a percent calculated annually

Equity (Details)

Equity (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
Equity (Details) - USD ($) $ in Thousands		Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016		Jul. 31, 2015
Beginning Balance				$ 441,147		$ 484,285
Net income		$ 6,355	$ 11,933	9,692		15,573
Dividends				(5,970)		(5,239)
Stock repurchase				(2,858)		(39,129)
Stock options exercised, net of tax (benefit)				(1,408)		(447)
Supplemental executive retirement plan				119		137
Stock-based compensation expense				4,026		3,100
Net unrealized gain on investments, net of tax (benefit)		(4)	5	2		15
Net change in effective portion of hedging contracts, net of tax		306	504	74		(4)
Foreign currency translation adjustments		(3,092)	(10,070)	14,808	[1]	(13,207)	[1]
Ending Balance		459,632	445,084	459,632		445,084
Common Stock Class Undefined
Beginning Balance	[2]			270		268
Stock options exercised, net of tax (benefit)	[2]			1		1
Ending Balance	[2]	271	269	271		269
Class A Common Stock
Beginning Balance	[3]			66		66
Ending Balance	[3]	66	66	66		66
Capital in Excess of Par Value
Beginning Balance				178,118		174,826
Stock options exercised, net of tax (benefit)				(78)		188
Supplemental executive retirement plan				119		137
Stock-based compensation expense				4,026		3,100
Ending Balance		182,185	178,251	182,185		178,251
Retained Earnings
Beginning Balance				392,788		358,006
Net income				9,614		15,674
Dividends				(5,970)		(5,239)
Ending Balance		396,432	368,441	396,432		368,441
Treasury Stock
Beginning Balance				(199,195)		(149,811)
Stock repurchase				(2,858)		(39,129)
Stock options exercised, net of tax (benefit)				(1,331)		(636)
Ending Balance		(203,384)	(189,576)	(203,384)		(189,576)
Accumulated Other Comprehensive Income
Beginning Balance				68,505		98,854
Net unrealized gain on investments, net of tax (benefit)				2		15
Net change in effective portion of hedging contracts, net of tax				74		(4)
Foreign currency translation adjustments	[1]			14,832		(13,321)
Ending Balance		83,413	85,544	83,413		85,544
Noncontrolling Interests
Beginning Balance				595		2,076
Net income				78		(101)
Foreign currency translation adjustments	[1]			(24)		114
Ending Balance		$ 649	$ 2,089	$ 649		$ 2,089

[1]	The currency translation adjustment is not adjusted for income taxes to the extent that it relates to permanent investments of earnings in international subsidiaries.
[2]	Each share of common stock is entitled to one vote per share on all matters submitted to a vote of the shareholders.
[3]	Each share of class A common stock is entitled to 10 votes per share on all matters submitted to a vote of the shareholders. Each holder of class A common stock is entitled to convert, at any time, any and all of such shares into the same number of shares of common stock. Each share of class A common stock is converted automatically into common stock in the event that the beneficial or record ownership of such shares of class A common stock is transferred to any person, except to certain family members or affiliated persons deemed “permitted transferees” pursuant to the Company’s Restated Certificate of Incorporation as amended. The class A common stock is not publicly traded, and consequently, there is currently no established public trading market for these shares.

Equity (Details) (Parenthetical

Equity (Details) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Equity (Details) (Parenthetical) - USD ($) $ in Thousands	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Stock options exercised, tax (benefit)			$ 160	$ (42)
Net unrealized gain on investments, tax (benefit)	$ (5)	$ 3	(3)	7
Net change in effective portion of hedging contracts, tax	$ 60	$ 100	$ 14	$ 0
Common Stock Class Undefined
Common Stock, Voting Rights			Each share of common stock is entitled to one vote per share on all matters submitted to a vote of the shareholders.
Class A Common Stock
Common Stock, Voting Rights			Each share of class A common stock is entitled to 10 votes per share on all matters submitted to a vote of the shareholders.
Common stock, Conversion basis			Each share of class A common stock is entitled to 10 votes per share on all matters submitted to a vote of the shareholders. Each holder of class A common stock is entitled to convert, at any time, any and all of such shares into the same number of shares of common stock. Each share of class A common stock is converted automatically into common stock in the event that the beneficial or record ownership of such shares of class A common stock is transferred to any person, except to certain family members or affiliated persons deemed “permitted transferees” pursuant to the Company’s Restated Certificate of Incorporation as amended.

Segment and Geographic Inform36

Segment and Geographic Information (Details Textual) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2016USD ($)	Jul. 31, 2015USD ($)	Jul. 31, 2016USD ($)SegmentLocation	Jul. 31, 2015USD ($)
Segment Reporting Information [Line Items]
Number of operating segments \| Segment			2
Number of geographic locations \| Location			2
Net sales	$ 128,086	$ 145,569	$ 242,149	$ 266,030
Unallocated corporate expenses	10,000	9,500	18,700	16,600
Profits related to the company's supply chain operations	9,400	10,900	16,500	19,700
Intersegment Eliminations
Segment Reporting Information [Line Items]
Net sales	$ 72,400	$ 76,700	$ 155,900	$ 158,200
Geographic Concentration Risk \| Europe \| Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	22.30%	19.80%	22.80%	19.90%
Geographic Concentration Risk \| Middle East \| Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	10.00%	7.70%	9.30%	7.60%
Geographic Concentration Risk \| the Americas (excluding the United States) \| Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	8.30%	11.90%	9.20%	11.60%
Geographic Concentration Risk \| Asia \| Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	7.20%	6.50%	6.30%	7.00%

Segment and Geographic Inform37

Segment and Geographic Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015	Jan. 31, 2016
Operating segment data
Net sales	$ 128,086	$ 145,569	$ 242,149	$ 266,030
Operating Income	10,091	18,234	15,469	25,109
Total Assets	598,736	590,011	598,736	590,011	$ 585,170
Wholesale
Operating segment data
Net sales	111,211	129,755	213,169	239,352
Operating Income	6,633	14,869	11,201	20,794
Total Assets	575,903	568,680	575,903	568,680	562,547
Wholesale \| Luxury brands category
Operating segment data
Net sales	46,643	52,109	88,679	97,012
Wholesale \| Licensed brands category
Operating segment data
Net sales	61,571	74,374	118,411	135,216
Wholesale \| After-sales service and all other
Operating segment data
Net sales	2,997	3,272	6,079	7,124
Retail
Operating segment data
Net sales	16,875	15,814	28,980	26,678
Operating Income	3,458	3,365	4,268	4,315
Total Assets	$ 22,833	$ 21,331	$ 22,833	$ 21,331	$ 22,623

Segment and Geographic Inform38

Segment and Geographic Information (Details 1) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jul. 31, 2016		Jul. 31, 2015		Jul. 31, 2016	Jul. 31, 2015	Jan. 31, 2016
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	$ 128,086		$ 145,569		$ 242,149	$ 266,030
Operating (Loss) / Income	10,091		18,234		15,469	25,109
Total Assets	598,736		590,011		598,736	590,011	$ 585,170
Property, Plant and Equipment, Net	35,726		42,723		35,726	42,723	38,553
United States
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	66,823	[1]	78,772	[1]	126,880	143,356
Operating (Loss) / Income	(392)	[1]	7,948	[1]	(1,785)	10,377
Total Assets	221,081		230,209		221,081	230,209	215,053
Property, Plant and Equipment, Net	21,686		25,052		21,686	25,052	24,517
International
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	61,263	[2]	66,797	[2]	115,269	122,674
Operating (Loss) / Income	10,483	[2]	10,286	[2]	17,254	14,732
Total Assets	377,655		359,802		377,655	359,802	370,117
Property, Plant and Equipment, Net	$ 14,040		$ 17,671		$ 14,040	$ 17,671	$ 14,036

[1]	The United States operating loss included $10.0 million and operating income included $9.5 million of unallocated corporate expenses for the three months ended July 31, 2016 and 2015, respectively. The United States operating loss included $18.7 million and operating income included $16.6 million of unallocated corporate expenses for the six months ended July 31, 2016 and 2015, respectively.
[2]	The International operating income included $9.4 million and $10.9 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended July 31, 2016 and 2015, respectively. The International operating income included $16.5 million and $19.7 million of certain intercompany profits related to the Company’s supply chain operations for the six months ended July 31, 2016 and 2015, respectively.

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jul. 31, 2016	Jan. 31, 2016	Jul. 31, 2015
Inventory Net [Abstract]
Finished goods	$ 134,421	$ 117,627	$ 135,112
Component parts	47,717	41,041	48,505
Work-in-process	3,952	3,797	4,898
Inventories	$ 186,090	$ 162,465	$ 188,515

Debt and Lines of Credit (Detai

Debt and Lines of Credit (Details Textual)	6 Months Ended
Debt and Lines of Credit (Details Textual)	Jul. 31, 2016USD ($)CreditFacilityBankSubsidiary	Jul. 31, 2016CHF (SFr)CreditFacilityBankSubsidiary	Jan. 31, 2016USD ($)	Jul. 31, 2015USD ($)BankSubsidiary	Jul. 31, 2015CHF (SFr)BankSubsidiary	Jan. 30, 2015USD ($)
Debt Instrument [Line Items]
Loan drawn under the facility	$ 38,000,000
Letter of credit outstanding amount	300,000
Line of credit facility remaining borrowing capacity	61,700,000
Outstanding balance under facility, current	$ 3,000,000		$ 5,000,000
Number of issued standby letter of credit \| CreditFacility	2	2
Minimum
Debt Instrument [Line Items]
Consolidated Earnings Before Interest Tax Depreciation And Amortization	$ 50,000,000
Consolidated leverage ratio	2.50%	2.50%
Maximum
Debt Instrument [Line Items]
Consolidated leverage ratio	1.00%	1.00%
Unsecured Debt \| Swiss subsidiary
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 5,200,000	SFr 5,000,000		$ 5,200,000	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	$ 3,000,000
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	1.25%
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	0.25%
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%
Letter of Credit
Debt Instrument [Line Items]
Credit facility matures date	May 31, 2017
Outstanding borrowing amount	$ 300,000
Letter of Credit \| Secured Debt \| Credit Agreement Due on January 30, 2020
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	3	3		2	2
Number of foreign subsidiaries under guaranteed obligation \| Subsidiary	2	2		2	2
Guaranteed obligations to third parties	$ 1,200,000			$ 1,000,000
Restricted deposit relates to lease agreement	$ 600,000

Earnings Per Share (Details Tex

Earnings Per Share (Details Textual) - shares	3 Months Ended		6 Months Ended
Earnings Per Share (Details Textual) - shares	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Earnings Per Share [Abstract]
Weighted basic average shares outstanding	23,092,000	23,644,000	23,083,000	23,956,000
Increase in number of shares outstanding for diluted earnings per share	100,000	260,000	154,000	274,000
Dilutive common stock equivalents were excluded from the computation of diluted earnings per share	1,005,000	536,000	837,000	461,000

Commitments and Contingencies (

Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	1 Months Ended
	Aug. 31, 2016	Jul. 31, 2016
Loss Contingencies [Line Items]
Additional duty charges due to alternative duty methodology	$ 5.1
Alternative duty methodology resulting period	5 years
Other Current Assets
Loss Contingencies [Line Items]
Restricted cash deposits		$ 1

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes (Details Textual) - USD ($) $ in Thousands	Jul. 31, 2016	Jul. 31, 2015	Jul. 31, 2016	Jul. 31, 2015
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 3,441	$ 6,080	$ 5,164	$ 9,216
Effective tax rate for continuing operations	35.10%	33.80%	34.80%	37.20%
U.S. statutory tax rate	35.00%	35.00%	35.00%	35.00%

Derivative Financial Instrume44

Derivative Financial Instruments (Details Textual) - 6 months ended Jul. 31, 2016	CHF (SFr)	EUR (€)
Derivatives Fair Value [Line Items]
Maximum length of time hedged in cash flow hedge	24 months
Foreign Exchange Forward
Derivatives Fair Value [Line Items]
Net forward contracts hedging portfolio	SFr 36,000,000	€ 10,000,000
Maximum
Derivatives Fair Value [Line Items]
Expiry dates ranging	Jan. 10, 2017

Derivative Financial Instrume45

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Jul. 31, 2016	Jan. 31, 2016	Jul. 31, 2015
Designated as Hedging Instrument
Fair value and presentation of derivatives
Asset Derivatives	$ 194	$ 63	$ 70
Liability Derivatives			56
Designated as Hedging Instrument \| Foreign Exchange Contract \| Other Current Assets
Fair value and presentation of derivatives
Asset Derivatives	194	63	70
Designated as Hedging Instrument \| Foreign Exchange Contract \| Accrued Liabilities
Fair value and presentation of derivatives
Liability Derivatives			56
Not Designated as Hedging Instrument
Fair value and presentation of derivatives
Asset Derivatives	355	1	33
Liability Derivatives	92	1,163	589
Not Designated as Hedging Instrument \| Foreign Exchange Contract \| Other Current Assets
Fair value and presentation of derivatives
Asset Derivatives	355	1	33
Not Designated as Hedging Instrument \| Foreign Exchange Contract \| Accrued Liabilities
Fair value and presentation of derivatives
Liability Derivatives	$ 92	$ 1,163	$ 589

Accumulated Other Comprehensi46

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands		6 Months Ended
		Jul. 31, 2016	Jul. 31, 2015
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance		$ 68,505	$ 98,854
Other comprehensive (loss) / income before reclassifications		14,987	(13,351)
Amounts reclassified from accumulated other comprehensive (loss) / income	[1]	(79)	41
Net current-period other comprehensive (loss) / income		14,908	(13,310)
Ending Balance		83,413	85,544
Currency Translation Adjustments
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance		68,265	98,642
Other comprehensive (loss) / income before reclassifications		14,832	(13,321)
Net current-period other comprehensive (loss) / income		14,832	(13,321)
Ending Balance		83,097	85,321
Available-for-sale securities
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance		189	211
Other comprehensive (loss) / income before reclassifications		2	15
Net current-period other comprehensive (loss) / income		2	15
Ending Balance		191	226
Net Unrealized Income (Loss) On Hedging Contracts
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance		51	1
Other comprehensive (loss) / income before reclassifications		153	(45)
Amounts reclassified from accumulated other comprehensive (loss) / income	[1]	(79)	41
Net current-period other comprehensive (loss) / income		74	(4)
Ending Balance		$ 125	$ (3)

[1]	Amounts reclassified to earnings in the Consolidated Statements of Operations.

Treasury Stock (Details Textual

Treasury Stock (Details Textual) - USD ($)	Mar. 31, 2016	Jul. 31, 2016	Jul. 31, 2015
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program expiration date	Sep. 30, 2017
Stock repurchase program, number of shares repurchased		119,499	1,472,890
Stock repurchase program, total cost of shares repurchased		$ 2,858,000	$ 39,129,000
Stock repurchase program, average per share price of shares repurchased		$ 23.92	$ 26.57
Surrender of Shares by Employee
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares repurchased		46,947	21,076
Maximum
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares authorized	$ 50,000,000
Movado Group Foundation
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares repurchased		15,000	15,000
Stock repurchase program, total cost of shares repurchased		$ 400,000	$ 400,000
Stock repurchase program, average per share price of shares repurchased		$ 27.67	$ 27.95

Operating Efficiency Initiati48

Operating Efficiency Initiatives and Other Items (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jan. 31, 2016	Apr. 30, 2015	Jul. 31, 2016	Jul. 31, 2015
Restructuring And Related Activities [Abstract]
Operating efficiency initiatives and other items	$ 1,300	$ 2,670		$ 2,670
Operating efficiency initiatives and other items, completion date			Jan. 31, 2016

Operating Efficiency Initiati49

Operating Efficiency Initiatives and Other Items (Details) $ in Thousands	6 Months Ended
	Jul. 31, 2016USD ($)
Restructuring Cost And Reserve [Line Items]
Balance at January 31, 2016	$ 990
Foreign exchange	302
Non-cash adjustments	(77)
Cash payments	(708)
Accrued balance at July 31, 2016	507
Severance
Restructuring Cost And Reserve [Line Items]
Balance at January 31, 2016	631
Foreign exchange	172
Non-cash adjustments	(77)
Cash payments	(621)
Accrued balance at July 31, 2016	105
Occupancy charges
Restructuring Cost And Reserve [Line Items]
Balance at January 31, 2016	359
Foreign exchange	130
Cash payments	(87)
Accrued balance at July 31, 2016	$ 402

Other Charges (Details Textual)

Other Charges (Details Textual) - Chief Operating Officer - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2016	Jul. 31, 2016
Deferred Compensation Arrangement With Individual Share Based Payments [Line Items]
Compensation related expenses included in accrued liabilities		$ 0.4
Wholesale
Deferred Compensation Arrangement With Individual Share Based Payments [Line Items]
Compensation related expenses associated with retirement	$ 1.8

Subsequent Event (Details Textu

Subsequent Event (Details Textual) - JV Agreement - USD ($) $ in Millions	Aug. 04, 2016	Jan. 30, 2013	Jul. 31, 2016
Subsequent Event [Line Items]
Agreement termination date			Aug. 4, 2016
Co-venturer
Subsequent Event [Line Items]
Percentage of ownership controlled		10.00%
MGS Distribution Limited
Subsequent Event [Line Items]
Joint venture termination description			On August 4, 2016, Movado Group, Inc. and Majorelle Limited, an English company (“Majorelle”), voluntarily terminated the joint venture agreement they had entered into on January 30, 2013 (the “JV Agreement”) relating to MGS Distribution Limited, an English company (“MGS”).
Percentage of ownership controlled		90.00%
MGS Distribution Limited \| Subsequent Event
Subsequent Event [Line Items]
Ownership interest in wholly-owned entity	100.00%
MGS Distribution Limited \| Subsequent Event \| Majorelle
Subsequent Event [Line Items]
Purchase price	$ 1.7