Movado (MOV) 10-Q 22 Nov 16 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Oct. 31, 2016	Nov. 15, 2016
Document Type	10-Q
Amendment Flag	false
Entity Filer Category	Accelerated Filer
Document Period End Date	Oct. 31, 2016
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
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		16,288,885
Class A Common Stock
Entity Common Stock, Shares Outstanding		6,644,105

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands		Oct. 31, 2016	Jan. 31, 2016	Oct. 31, 2015
Current assets:
Cash and cash equivalents		$ 199,758	$ 228,188	$ 181,180
Trade receivables, net		130,076	71,030	124,438
Inventories		169,402	162,465	178,965
Other current assets		28,096	27,352	29,954
Total current assets		527,332	489,035	514,537
Property, plant and equipment, net		34,867	38,553	41,331
Deferred and non-current income taxes		20,614	20,323	19,494
Other non-current assets		41,665	37,259	37,756
Total assets		624,478	585,170	613,118
Current liabilities:
Loans payable to bank, current		3,000	5,000
Accounts payable		22,443	27,308	29,514
Accrued liabilities		52,895	39,617	50,661
Income taxes payable		5,601	6,257	6,205
Total current liabilities		83,939	78,182	86,380
Loans payable to bank		35,000	35,000	40,000
Deferred and non-current income taxes payable		3,145	2,640	3,911
Other non-current liabilities		32,297	28,201	29,918
Total liabilities		154,381	144,023	160,209
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		182,834	178,118	179,879
Retained earnings		413,666	392,788	387,432
Accumulated other comprehensive income		77,057	68,505	79,173
Treasury Stock, 10,849,321, 10,664,512 and 10,553,569 shares, respectively, at cost		(203,797)	(199,195)	(196,379)
Total Movado Group, Inc. shareholders' equity		470,097	440,552	450,441
Noncontrolling interests			595	2,468
Total equity		470,097	441,147	452,909
Total liabilities and equity		624,478	585,170	613,118
Common Stock Class Undefined
Equity:
Common Stock		271	270	270
Total equity	[1]	271	270	270
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	Oct. 31, 2016	Jan. 31, 2016	Oct. 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	10,849,321	10,664,512	10,553,569
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	27,138,206	26,962,656	26,952,421
Common Stock, shares outstanding	27,138,206	26,962,656	26,952,421
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		9 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015
Income Statement [Abstract]
Net sales	$ 179,818	$ 185,629	$ 421,967	$ 451,659
Cost of sales	81,268	85,537	191,837	210,080
Gross profit	98,550	100,092	230,130	241,579
Selling, general, and administrative	67,479	66,638	183,590	183,016
Operating income	31,071	33,454	46,540	58,563
Other expense (Note 2)	(1,282)		(1,282)
Interest expense	(333)	(319)	(1,039)	(727)
Interest income	45	17	138	105
Income before income taxes	29,501	33,152	44,357	57,941
Provision for income taxes (Note 9)	9,286	11,242	14,450	20,458
Net income	20,215	21,910	29,907	37,483
Less: Net income attributed to noncontrolling interests		378	78	277
Net income attributed to Movado Group, Inc.	$ 20,215	$ 21,532	$ 29,829	$ 37,206
Basic income per share:
Weighted basic average shares outstanding	23,055	23,167	23,074	23,690
Net income per share attributed to Movado Group, Inc.	$ 0.88	$ 0.93	$ 1.29	$ 1.57
Diluted income per share:
Weighted diluted average shares outstanding	23,230	23,411	23,259	23,966
Net income per share attributed to Movado Group, Inc.	$ 0.87	$ 0.92	$ 1.28	$ 1.55
Dividends declared per share	$ 0.13	$ 0.11	$ 0.39	$ 0.33

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016		Oct. 31, 2015
Comprehensive income, net of taxes:
Net income including noncontrolling interests	$ 20,215	$ 21,910	$ 29,907		$ 37,483
Net unrealized gain / (loss) on investments, net of tax (benefit) of $4, ($10), $1 and ($3), respectively	6	(20)	8		(5)
Net change in effective portion of hedging contracts, net of tax (benefit) of ($9), $3, $5 and $3, respectively	(43)	16	31		12
Foreign currency translation adjustments	(6,319)	(6,366)	8,489	[1]	(19,573)	[1]
Comprehensive income including noncontrolling interests	13,859	15,540	38,435		17,917
Less: Comprehensive income attributed to noncontrolling interests		379	54		392
Total comprehensive income attributed to Movado Group, Inc.	$ 13,859	$ 15,161	$ 38,381		$ 17,525
[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		9 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015
Statement Of Income And Comprehensive Income [Abstract]
Net unrealized gain / (loss) on investments, tax (benefit)	$ 4	$ (10)	$ 1	$ (3)
Net change in effective portion of hedging contracts, tax (benefit)	$ (9)	$ 3	$ 5	$ 3

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
Cash flows from operating activities:
Net income including noncontrolling interests	$ 29,907	$ 37,483
Adjustments to reconcile net income to net cash (used in) / provided by operating activities:
Depreciation and amortization	8,520	9,438
Transactional losses / (gains)	2,663	(1,822)
Write-down of inventories	1,967	1,811
Deferred income taxes	230	679
Stock-based compensation	5,663	4,496
Excess tax expense from stock-based compensation	167	21
Impairment of long-term investment	1,282
Operating efficiency initiatives and other items		2,670
Loss on disposal of fixed assets		310
Changes in assets and liabilities:
Trade receivables	(60,386)	(51,213)
Inventories	(7,657)	(15,183)
Other current assets	1,540	1,030
Accounts payable	(5,140)	2,442
Accrued liabilities	12,892	18,219
Income taxes payable	(917)	(866)
Other non-current assets	(5,123)	(89)
Other non-current liabilities	3,718	814
Net cash (used in) / provided by operating activities	(10,674)	10,240
Cash flows from investing activities:
Capital expenditures	(3,847)	(5,827)
Short-term investment	(151)
Restricted cash deposits	(1,156)
Trademarks and other intangibles	(296)	(193)
Net cash (used in) investing activities	(5,450)	(6,020)
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	(1,256)	(227)
Excess tax expense from stock-based compensation	(167)	(21)
Dividends paid	(8,951)	(7,780)
Debt issuance cost		(339)
Purchase of incremental ownership of U.K. joint venture	(1,320)
Stock repurchase	(3,263)	(45,932)
Net cash (used in) financing activities	(16,957)	(14,299)
Effect of exchange rate changes on cash and cash equivalents	4,651	(8,593)
Net (decrease) in cash and cash equivalents	(28,430)	(18,672)
Cash and cash equivalents at beginning of period	228,188	199,852
Cash and cash equivalents at end of period	$ 199,758	$ 181,180

Basis of Presentation

Basis of Presentation	9 Months Ended
	Oct. 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	9 Months Ended
	Oct. 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	9 Months Ended
	Oct. 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 October 31, 2016 and 2015 and January 31, 2016: Fair Value at October 31, 2016 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 280 $ — $ — $ 280 Short-term investment Other current assets 150 — — 150 SERP assets - employer Other non-current assets 1,464 — — 1,464 SERP assets - employee Other non-current assets 28,495 — — 28,495 Hedge derivatives Other current assets — 141 — 141 Total $ 30,389 $ 141 $ — $ 30,530 Liabilities: SERP liabilities - employee Other non-current liabilities $ 28,495 $ — $ — $ 28,495 Hedge derivatives Accrued liabilities — 391 — 391 Total $ 28,495 $ 391 $ — $ 28,886 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 October 31, 2015 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 300 $ — $ — $ 300 SERP assets - employer Other non-current assets 1,762 — — 1,762 SERP assets - employee Other non-current assets 25,730 — — 25,730 Hedge derivatives Other current assets — 71 — 71 Total $ 27,792 $ 71 $ — $ 27,863 Liabilities: SERP liabilities - employee Other non-current liabilities $ 25,730 $ — $ — $ 25,730 Hedge derivatives Accrued liabilities — 1,121 — 1,121 Total $ 25,730 $ 1,121 $ — $ 26,851 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 carrying amount of debt approximated fair value as of October 31, 2016. 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. Due to the increasingly competitive and difficult market conditions, the operating performance and business outlook for the Company’s long-term investment declined significantly during the three months ended October 31, 2016. As such, the Company determined the investment experienced an other than temporary impairment and recorded a charge of $1.3 million, in other expenses in the Company’s Consolidated Statements of Operations, to reduce the carrying value to zero in the United States location of the Wholesale segment.

Equity

Equity	9 Months Ended
	Oct. 31, 2016
Equity [Abstract]
Equity	NOTE 3 – EQUITY The components of equity for the nine months ended October 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 29,829 78 29,907 Dividends (8,951 ) (8,951 ) Stock repurchase (3,263 ) (3,263 ) Stock options exercised, net of tax of $167 1 (86 ) (1,339 ) (1,424 ) Supplemental executive retirement plan 150 150 Stock-based compensation expense 5,663 5,663 Net unrealized gain on investments, net of tax of $1 8 8 Net change in effective portion of hedging contracts, net of tax of $5 31 31 Joint venture incremental share purchase (1,011 ) (649 ) (1,660 ) Foreign currency translation adjustment (3) 8,513 (24 ) 8,489 Balance, October 31, 2016 $ 271 $ 66 $ 182,834 $ 413,666 $ (203,797 ) $ 77,057 $ - $ 470,097 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 37,206 277 37,483 Dividends (7,780 ) (7,780 ) Stock repurchase (45,932 ) (45,932 ) Stock options exercised, net of tax of $21 2 386 (636 ) (248 ) Supplemental executive retirement plan 171 171 Stock-based compensation expense 4,496 4,496 Net unrealized loss on investments, net of tax benefit of $3 (5 ) (5 ) Net change in effective portion of hedging contracts, net of tax of $3 12 12 Foreign currency translation adjustment (3) (19,688 ) 115 (19,573 ) Balance, October 31, 2015 $ 270 $ 66 $ 179,879 $ 387,432 $ (196,379 ) $ 79,173 $ 2,468 $ 452,909 (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	9 Months Ended
	Oct. 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 non-U.S. Company operations. The allocation of geographic revenue is based upon the location of the customer. The Company’s International operations in Europe, the Americas (excluding the United States), the Middle East and Asia accounted for 23.5%, 7.3%, 7.2% and 5.4%, respectively, of the Company’s total net sales for the three months ended October 31, 2016. For the three months ended October 31, 2015, the Company’s International operations in Europe, the Americas (excluding the United States), the Middle East and Asia accounted for 22.3%, 8.7%, 6.1% and 5.6%, respectively, of the Company’s total net sales. The Company’s International operations in Europe, the Americas (excluding the United States), the Middle East and Asia accounted for 23.1%, 8.4%, 8.4% and 5.9%, respectively, of the Company’s total net sales for the nine months ended October 31, 2016. For the nine months ended October 31, 2015, the Company’s International operations in Europe, the Americas (excluding the United States), the Middle East and Asia accounted for 20.9%, 10.4%, 7.0% and 6.4%, 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 October 31, 2016 and 2015 (in thousands): Net Sales 2016 2015 Wholesale: Luxury brands category $ 73,749 $ 71,045 Licensed brands category 86,818 94,722 After-sales service and all other 3,522 3,679 Total Wholesale 164,089 169,446 Retail 15,729 16,183 Consolidated total $ 179,818 $ 185,629 Operating Income 2016 2015 Wholesale $ 28,697 $ 31,036 Retail 2,374 2,418 Consolidated total $ 31,071 $ 33,454 Operating Segment Data for the Nine Months Ended October 31, 2016 and 2015 (in thousands): Net Sales 2016 2015 Wholesale: Luxury brands category $ 162,428 $ 168,057 Licensed brands category 205,229 229,938 After-sales service and all other 9,601 10,803 Total Wholesale 377,258 408,798 Retail 44,709 42,861 Consolidated total $ 421,967 $ 451,659 Operating Income 2016 2015 Wholesale $ 39,898 $ 51,831 Retail 6,642 6,732 Consolidated total $ 46,540 $ 58,563 Total Assets October 31, 2016 January 31, 2016 October 31, 2015 Wholesale $ 600,885 $ 562,547 $ 590,188 Retail 23,593 22,623 22,930 Consolidated total $ 624,478 $ 585,170 $ 613,118 Geographic Location Data for the Three Months Ended October 31, 2016 and 2015 (in thousands): Net Sales Operating Income 2016 2015 2016 2015 United States (1) $ 101,854 $ 106,341 $ 14,626 $ 15,361 International (2) 77,964 79,288 16,445 18,093 Consolidated total $ 179,818 $ 185,629 $ 31,071 $ 33,454 United States and International net sales are net of intercompany sales of $75.6 million and $91.2 million for the three months ended October 31, 2016 and 2015, respectively. Geographic Location Data for the Nine Months Ended October 31, 2016 and 2015 (in thousands): Net Sales Operating Income 2016 2015 2016 2015 United States (1) $ 228,734 $ 249,696 $ 12,841 $ 25,738 International (2) 193,233 201,963 33,699 32,825 Consolidated total $ 421,967 $ 451,659 $ 46,540 $ 58,563 United States and International net sales are net of intercompany sales of $231.5 million and $249.4 million for the nine months ended October 31, 2016 and 2015, respectively. (1) The United States operating income included $14.3 million and $12.6 million of unallocated corporate expenses for the three months ended October 31, 2016 and 2015, respectively. The United States operating income included $32.2 million and $29.2 million of unallocated corporate expenses for the nine months ended October 31, 2016 and 2015, respectively. (2) The International operating income included $14.0 million and $14.6 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended October 31, 2016 and 2015, respectively. The International operating income included $30.5 million and $34.2 million of certain intercompany profits related to the Company’s supply chain operations for the nine months ended October 31, 2016 and 2015, respectively. Total Assets October 31, 2016 January 31, 2016 October 31, 2015 United States $ 242,881 $ 215,053 $ 251,480 International 381,597 370,117 361,639 Consolidated total $ 624,478 $ 585,170 $ 613,118 Property, Plant and Equipment, Net October 31, 2016 January 31, 2016 October 31, 2015 United States $ 20,307 $ 24,517 $ 24,946 International 14,560 14,036 16,385 Consolidated total $ 34,867 $ 38,553 $ 41,331

Inventories

Inventories	9 Months Ended
	Oct. 31, 2016
Inventory Disclosure [Abstract]
Inventories	NOTE 5 – INVENTORIES Inventories consisted of the following (in thousands): October 31, 2016 January 31, 2016 October 31, 2015 Finished goods $ 122,721 $ 117,627 $ 128,011 Component parts 43,326 41,041 46,455 Work-in-process 3,355 3,797 4,499 $ 169,402 $ 162,465 $ 178,965

Debt and Lines of Credit

Debt and Lines of Credit	9 Months Ended
	Oct. 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 October 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 October 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 October 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 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 October 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 October 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 October 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 October 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 October 31, 2016 and 2015, these lines of credit totaled 6.5 million Swiss francs and 5.0 million Swiss francs with a dollar equivalent of $6.4 million and $5.1 million, respectively. As of October 31, 2016 and 2015, there were no borrowings against these lines. As of October 31, 2016, two European banks had guaranteed obligations to third parties on behalf of two of the Company’s foreign subsidiaries in the dollar equivalent of $1.2 million, in various foreign currencies, of which $0.6 million is a restricted deposit as it relates to lease agreements. As of October 31, 2015, two European banks had guaranteed obligations to third parties on behalf of two of the Company’s foreign subsidiaries in the dollar equivalent of $1.0 million in various foreign currencies.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Oct. 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 23,055,000 and 23,167,000 for the three months ended October 31, 2016 and 2015, respectively. For the three months ended October 31, 2016 and 2015, the number of shares outstanding for diluted earnings per share increased by approximately 175,000 and 244,000, respectively, due to potentially dilutive common stock equivalents issuable under the Company’s stock compensation plans and SERP. For the three months ended October 31, 2016 and 2015, approximately 862,000 and 675,000, 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 23,074,000 and 23,690,000 for the nine months ended October 31, 2016 and 2015, respectively. For the nine months ended October 31, 2016 and 2015, the number of shares outstanding for diluted earnings per share increased by approximately 185,000 and 276,000, respectively, due to potentially dilutive common stock equivalents issuable under the Company’s stock compensation plans and SERP. For the nine months ended October 31, 2016 and 2015, approximately 790,000 and 419,000, 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	9 Months Ended
	Oct. 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 October 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 probable that a loss may result, the Company records a reserve for the potential loss. For proceedings and claims where the Company believes it is reasonably possible that a loss may result that is materially in excess of amounts accrued for the matter, the Company either discloses an estimate of such possible loss or range of loss or includes a statement that such an estimate cannot be made. As of October 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	9 Months Ended
	Oct. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 9 – INCOME TAXES The Company recorded income tax expense of $9.3 million and $11.2 million for the three months ended October 31, 2016 and 2015, respectively. The effective tax rate was 31.5% and 33.9% for the three months ended October 31, 2016 and 2015, respectively. The decrease in the effective tax rate was primarily due to a decrease in U.S. tax provided on earnings of non-U.S. subsidiaries. The Company recorded income tax expense of $14.5 million and $20.5 million for the nine months ended October 31, 2016 and 2015, respectively. The effective tax rate was 32.6% and 35.3% for the nine months ended October 31, 2016 and 2015, respectively. The decrease in the effective tax rate was primarily due to a decrease in U.S. tax provided on earnings of non-U.S. subsidiaries, certain costs related to the operating efficiency initiatives and other items (see note 14), which resulted in deferred tax benefits that were valued in the prior year, and the non-recurrence of a valuation allowance against certain foreign deferred tax assets. The effective tax rate for the three and nine months ended October 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 months ended October 31, 2015 differs from the U.S. statutory tax rate of 35.0% primarily due to foreign earnings being taxed at rates lower than the U.S. statutory tax rate, partially offset by U.S. tax provided on certain earnings of foreign subsidiaries . The effective tax rate for the nine months ended October 31, 2015 differs from the U.S. statutory tax rate of 35.0% primarily due to U.S. tax provided on certain earnings of foreign subsidiaries, not recognizing tax benefits on losses incurred by certain foreign operations and the impact of certain costs related to the operating efficiency initiatives and other items (see note 14) resulting in deferred taxes that were valued, partially offset by foreign earnings being taxed at rates lower than the U.S. statutory tax rate.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Oct. 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 nine months ended October 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 October 31, 2016, the Company’s entire net forward contracts hedging portfolio consisted of 30.0 million Swiss francs equivalent, 11.8 million Euros equivalent and 7.7 million British Pounds equivalent with various expiry dates ranging through March 14, 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 October 31, 2016 Fair Value January 31, 2016 Fair Value October 31, 2015 Fair Value Balance Sheet Location October 31, 2016 Fair Value January 31, 2016 Fair Value October 31, 2015 Fair Value Derivatives not designated as hedging instruments: Foreign Exchange Contracts Other Current Assets $ 31 $ 1 $ 6 Accrued Liabilities $ 391 $ 1,163 $ 1,087 Total Derivative Instruments $ 31 $ 1 $ 6 $ 391 $ 1,163 $ 1,087 Asset Derivatives Liability Derivatives Balance Sheet Location October 31, 2016 Fair Value January 31, 2016 Fair Value October 31, 2015 Fair Value Balance Sheet Location October 31, 2016 Fair Value January 31, 2016 Fair Value October 31, 2015 Fair Value Derivatives designated as hedging instruments: Foreign Exchange Contracts Other Current Assets $ 110 $ 63 $ 65 Accrued Liabilities $ — $ — $ 34 Total Derivative Instruments $ 110 $ 63 $ 65 $ — $ — $ 34 As of October 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 October 31, 2016 and 2015, the Company reclassified amounts from AOCI to earnings that were immaterial for both periods, respectively. For the nine months ended October 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	9 Months Ended
	Oct. 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 Hedging Contracts Total Balance, January 31, 2016 $ 68,265 $ 189 $ 51 $ 68,505 Other comprehensive income / (loss) before reclassifications 8,513 8 (15 ) 8,506 Amounts reclassified from accumulated other comprehensive loss (1) — — 46 46 Net current-period other comprehensive income 8,513 8 31 8,552 As of October 31, 2016 $ 76,778 $ 197 $ 82 $ 77,057 Currency Translation Adjustments Available-for-sale securities Hedging Contracts Total Balance, January 31, 2015 $ 98,642 $ 211 $ 1 $ 98,854 Other comprehensive (loss) / income before reclassifications (19,688 ) (5 ) 120 (19,573 ) Amounts reclassified from accumulated other comprehensive income (1) — — (108 ) (108 ) Net current-period other comprehensive (loss) / income (19,688 ) (5 ) 12 (19,681 ) As of October 31, 2015 $ 78,954 $ 206 $ 13 $ 79,173 (1) Amounts reclassified to earnings in the Consolidated Statements of Operations.

Treasury Stock

Treasury Stock	9 Months Ended
	Oct. 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 nine months ended October 31, 2016, the Company repurchased a total of 137,499 shares of its common stock at a total cost of approximately $3.3 million or an average cost of $23.73 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 nine months ended October 31, 2015, under a previously approved share repurchase program, the Company repurchased a total of 1,747,996 shares of its common stock at a total cost of approximately $45.9 million or an average cost of $26.28 per share, which included 28,000 shares repurchased from the Movado Group Foundation at a total cost of approximately $0.8 million or $27.33 average per share. There were 47,310 and 21,076 shares of common stock repurchased during the nine months ended October 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	9 Months Ended
	Oct. 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 October 24, 2016, FASB issued ASU 2016-16, “Accounting for Income Taxes: Intra-Entity Asset Transfers of Assets Other than Inventory,” which requires the tax effects of intercompany transactions to be recognized currently. The guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, 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 August 26, 2016, FASB issued ASU 2016-15, “Statement of Cash Flows: Classification of Certain Cash Receipts and Cash Payments,” which clarifies how certain cash receipts and cash payments are presented in the statement of cash flows. The guidance is effective for fiscal years, and interim periods within those years, beginning after December 15, 2017, 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 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 on 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	9 Months Ended
	Oct. 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 October 31, 2016 Severance $ 631 $ 170 $ (77 ) $ (637 ) $ 87 Occupancy charges 359 119 (2 ) (123 ) 353 Total $ 990 $ 289 $ (79 ) $ (760 ) $ 440

Other Charges

Other Charges	9 Months Ended
	Oct. 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 October 31, 2016, $0.2 million was included in accrued liabilities.

Net Income Attributed to Movado

Net Income Attributed to Movado Group, Inc. and Transfers to Noncontrolling Interest	9 Months Ended
	Oct. 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 16 – NET INCOME ATTRIBUTED TO MOVADO GROUP, INC. AND TRANSFERS TO NONCONTROLLING INTEREST The following table summarizes the change from net income attributed to Movado Group, Inc. and transfers to noncontrolling interest (in thousands): Three Months Ended October 31, Nine Months Ended October 31, 2016 2015 2016 2015 Net income attributed to Movado Group, Inc. $ 20,215 $ 21,532 $ 29,829 $ 37,206 Transfers to the noncontrolling interest Decrease in Movado Group, Inc.’s paid in capital for purchase of 10% of MGS common shares (1,011 ) - (1,011 ) - Net transfers to noncontrolling interest (1,011 ) - (1,011 ) - Change from net income attributed to Movado Group, Inc. and transfers to noncontrolling interest $ 19,204 $ 21,532 $ 28,818 $ 37,206 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)	9 Months Ended
	Oct. 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 October 31, 2016 and 2015 and January 31, 2016: Fair Value at October 31, 2016 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 280 $ — $ — $ 280 Short-term investment Other current assets 150 — — 150 SERP assets - employer Other non-current assets 1,464 — — 1,464 SERP assets - employee Other non-current assets 28,495 — — 28,495 Hedge derivatives Other current assets — 141 — 141 Total $ 30,389 $ 141 $ — $ 30,530 Liabilities: SERP liabilities - employee Other non-current liabilities $ 28,495 $ — $ — $ 28,495 Hedge derivatives Accrued liabilities — 391 — 391 Total $ 28,495 $ 391 $ — $ 28,886 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 October 31, 2015 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 300 $ — $ — $ 300 SERP assets - employer Other non-current assets 1,762 — — 1,762 SERP assets - employee Other non-current assets 25,730 — — 25,730 Hedge derivatives Other current assets — 71 — 71 Total $ 27,792 $ 71 $ — $ 27,863 Liabilities: SERP liabilities - employee Other non-current liabilities $ 25,730 $ — $ — $ 25,730 Hedge derivatives Accrued liabilities — 1,121 — 1,121 Total $ 25,730 $ 1,121 $ — $ 26,851

Equity (Tables)

Equity (Tables)	9 Months Ended
	Oct. 31, 2016
Equity [Abstract]
Components of Equity	The components of equity for the nine months ended October 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 29,829 78 29,907 Dividends (8,951 ) (8,951 ) Stock repurchase (3,263 ) (3,263 ) Stock options exercised, net of tax of $167 1 (86 ) (1,339 ) (1,424 ) Supplemental executive retirement plan 150 150 Stock-based compensation expense 5,663 5,663 Net unrealized gain on investments, net of tax of $1 8 8 Net change in effective portion of hedging contracts, net of tax of $5 31 31 Joint venture incremental share purchase (1,011 ) (649 ) (1,660 ) Foreign currency translation adjustment (3) 8,513 (24 ) 8,489 Balance, October 31, 2016 $ 271 $ 66 $ 182,834 $ 413,666 $ (203,797 ) $ 77,057 $ - $ 470,097 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 37,206 277 37,483 Dividends (7,780 ) (7,780 ) Stock repurchase (45,932 ) (45,932 ) Stock options exercised, net of tax of $21 2 386 (636 ) (248 ) Supplemental executive retirement plan 171 171 Stock-based compensation expense 4,496 4,496 Net unrealized loss on investments, net of tax benefit of $3 (5 ) (5 ) Net change in effective portion of hedging contracts, net of tax of $3 12 12 Foreign currency translation adjustment (3) (19,688 ) 115 (19,573 ) Balance, October 31, 2015 $ 270 $ 66 $ 179,879 $ 387,432 $ (196,379 ) $ 79,173 $ 2,468 $ 452,909 (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)	9 Months Ended
	Oct. 31, 2016
Segment Reporting [Abstract]
Operating Segment Data	Operating Segment Data for the Three Months Ended October 31, 2016 and 2015 (in thousands): Net Sales 2016 2015 Wholesale: Luxury brands category $ 73,749 $ 71,045 Licensed brands category 86,818 94,722 After-sales service and all other 3,522 3,679 Total Wholesale 164,089 169,446 Retail 15,729 16,183 Consolidated total $ 179,818 $ 185,629 Operating Income 2016 2015 Wholesale $ 28,697 $ 31,036 Retail 2,374 2,418 Consolidated total $ 31,071 $ 33,454 Operating Segment Data for the Nine Months Ended October 31, 2016 and 2015 (in thousands): Net Sales 2016 2015 Wholesale: Luxury brands category $ 162,428 $ 168,057 Licensed brands category 205,229 229,938 After-sales service and all other 9,601 10,803 Total Wholesale 377,258 408,798 Retail 44,709 42,861 Consolidated total $ 421,967 $ 451,659 Operating Income 2016 2015 Wholesale $ 39,898 $ 51,831 Retail 6,642 6,732 Consolidated total $ 46,540 $ 58,563 Total Assets October 31, 2016 January 31, 2016 October 31, 2015 Wholesale $ 600,885 $ 562,547 $ 590,188 Retail 23,593 22,623 22,930 Consolidated total $ 624,478 $ 585,170 $ 613,118
Geographic Segment Data	Geographic Location Data for the Three Months Ended October 31, 2016 and 2015 (in thousands): Net Sales Operating Income 2016 2015 2016 2015 United States (1) $ 101,854 $ 106,341 $ 14,626 $ 15,361 International (2) 77,964 79,288 16,445 18,093 Consolidated total $ 179,818 $ 185,629 $ 31,071 $ 33,454 United States and International net sales are net of intercompany sales of $75.6 million and $91.2 million for the three months ended October 31, 2016 and 2015, respectively. Geographic Location Data for the Nine Months Ended October 31, 2016 and 2015 (in thousands): Net Sales Operating Income 2016 2015 2016 2015 United States (1) $ 228,734 $ 249,696 $ 12,841 $ 25,738 International (2) 193,233 201,963 33,699 32,825 Consolidated total $ 421,967 $ 451,659 $ 46,540 $ 58,563 United States and International net sales are net of intercompany sales of $231.5 million and $249.4 million for the nine months ended October 31, 2016 and 2015, respectively. (1) The United States operating income included $14.3 million and $12.6 million of unallocated corporate expenses for the three months ended October 31, 2016 and 2015, respectively. The United States operating income included $32.2 million and $29.2 million of unallocated corporate expenses for the nine months ended October 31, 2016 and 2015, respectively. (2) The International operating income included $14.0 million and $14.6 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended October 31, 2016 and 2015, respectively. The International operating income included $30.5 million and $34.2 million of certain intercompany profits related to the Company’s supply chain operations for the nine months ended October 31, 2016 and 2015, respectively. Total Assets October 31, 2016 January 31, 2016 October 31, 2015 United States $ 242,881 $ 215,053 $ 251,480 International 381,597 370,117 361,639 Consolidated total $ 624,478 $ 585,170 $ 613,118 Property, Plant and Equipment, Net October 31, 2016 January 31, 2016 October 31, 2015 United States $ 20,307 $ 24,517 $ 24,946 International 14,560 14,036 16,385 Consolidated total $ 34,867 $ 38,553 $ 41,331

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Oct. 31, 2016
Inventory Disclosure [Abstract]
Components of Inventories	Inventories consisted of the following (in thousands): October 31, 2016 January 31, 2016 October 31, 2015 Finished goods $ 122,721 $ 117,627 $ 128,011 Component parts 43,326 41,041 46,455 Work-in-process 3,355 3,797 4,499 $ 169,402 $ 162,465 $ 178,965

Derivative Financial Instrume29

Derivative Financial Instruments (Tables)	9 Months Ended
	Oct. 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 October 31, 2016 Fair Value January 31, 2016 Fair Value October 31, 2015 Fair Value Balance Sheet Location October 31, 2016 Fair Value January 31, 2016 Fair Value October 31, 2015 Fair Value Derivatives not designated as hedging instruments: Foreign Exchange Contracts Other Current Assets $ 31 $ 1 $ 6 Accrued Liabilities $ 391 $ 1,163 $ 1,087 Total Derivative Instruments $ 31 $ 1 $ 6 $ 391 $ 1,163 $ 1,087 Asset Derivatives Liability Derivatives Balance Sheet Location October 31, 2016 Fair Value January 31, 2016 Fair Value October 31, 2015 Fair Value Balance Sheet Location October 31, 2016 Fair Value January 31, 2016 Fair Value October 31, 2015 Fair Value Derivatives designated as hedging instruments: Foreign Exchange Contracts Other Current Assets $ 110 $ 63 $ 65 Accrued Liabilities $ — $ — $ 34 Total Derivative Instruments $ 110 $ 63 $ 65 $ — $ — $ 34

Accumulated Other Comprehensi30

Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Oct. 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 Hedging Contracts Total Balance, January 31, 2016 $ 68,265 $ 189 $ 51 $ 68,505 Other comprehensive income / (loss) before reclassifications 8,513 8 (15 ) 8,506 Amounts reclassified from accumulated other comprehensive loss (1) — — 46 46 Net current-period other comprehensive income 8,513 8 31 8,552 As of October 31, 2016 $ 76,778 $ 197 $ 82 $ 77,057 Currency Translation Adjustments Available-for-sale securities Hedging Contracts Total Balance, January 31, 2015 $ 98,642 $ 211 $ 1 $ 98,854 Other comprehensive (loss) / income before reclassifications (19,688 ) (5 ) 120 (19,573 ) Amounts reclassified from accumulated other comprehensive income (1) — — (108 ) (108 ) Net current-period other comprehensive (loss) / income (19,688 ) (5 ) 12 (19,681 ) As of October 31, 2015 $ 78,954 $ 206 $ 13 $ 79,173 (1) Amounts reclassified to earnings in the Consolidated Statements of Operations.

Operating Efficiency Initiati31

Operating Efficiency Initiatives and Other Items (Tables)	9 Months Ended
	Oct. 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 October 31, 2016 Severance $ 631 $ 170 $ (77 ) $ (637 ) $ 87 Occupancy charges 359 119 (2 ) (123 ) 353 Total $ 990 $ 289 $ (79 ) $ (760 ) $ 440

Net Income Attributed to Mova32

Net Income Attributed to Movado Group, Inc. and Transfers to Noncontrolling Interest (Tables)	9 Months Ended
	Oct. 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	The following table summarizes the change from net income attributed to Movado Group, Inc. and transfers to noncontrolling interest (in thousands): Three Months Ended October 31, Nine Months Ended October 31, 2016 2015 2016 2015 Net income attributed to Movado Group, Inc. $ 20,215 $ 21,532 $ 29,829 $ 37,206 Transfers to the noncontrolling interest Decrease in Movado Group, Inc.’s paid in capital for purchase of 10% of MGS common shares (1,011 ) - (1,011 ) - Net transfers to noncontrolling interest (1,011 ) - (1,011 ) - Change from net income attributed to Movado Group, Inc. and transfers to noncontrolling interest $ 19,204 $ 21,532 $ 28,818 $ 37,206

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Oct. 31, 2016	Jan. 31, 2016	Oct. 31, 2015
Assets:
Total assets measured at fair value	$ 30,530	$ 26,353	$ 27,863
Liabilities:
Total liabilities measured at fair value	28,886	26,016	26,851
Other Current Assets | Available-for-sale securities
Assets:
Total assets measured at fair value	280	268	300
Other Current Assets | Short-term investment
Assets:
Total assets measured at fair value	150
Other Current Assets | Hedge derivatives-Assets
Assets:
Total assets measured at fair value	141	64	71
Other non-current assets | SERP assets - employer
Assets:
Total assets measured at fair value	1,464	1,168	1,762
Other non-current assets | SERP assets - employee
Assets:
Total assets measured at fair value	28,495	24,853	25,730
Other non-current liabilities | SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	28,495	24,853	25,730
Accrued Liabilities | Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	391	1,163	1,121
Level 1
Assets:
Total assets measured at fair value	30,389	26,289	27,792
Liabilities:
Total liabilities measured at fair value	28,495	24,853	25,730
Level 1 | Other Current Assets | Available-for-sale securities
Assets:
Total assets measured at fair value	280	268	300
Level 1 | Other Current Assets | Short-term investment
Assets:
Total assets measured at fair value	150
Level 1 | Other non-current assets | SERP assets - employer
Assets:
Total assets measured at fair value	1,464	1,168	1,762
Level 1 | Other non-current assets | SERP assets - employee
Assets:
Total assets measured at fair value	28,495	24,853	25,730
Level 1 | Other non-current liabilities | SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	28,495	24,853	25,730
Level 2
Assets:
Total assets measured at fair value	141	64	71
Liabilities:
Total liabilities measured at fair value	391	1,163	1,121
Level 2 | Other Current Assets | Hedge derivatives-Assets
Assets:
Total assets measured at fair value	141	64	71
Level 2 | Accrued Liabilities | Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	$ 391	$ 1,163	$ 1,121

Fair Value Measurements (Deta34

Fair Value Measurements (Details Textual) - USD ($)	3 Months Ended	9 Months Ended
	Oct. 31, 2016	Oct. 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	$ 0	$ 0	$ 1,300,000
Other than temporary impairment charge		$ 1,282,000
Short-term investment
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair value, investment		The fair value of the short-term investment, which is a guaranteed investment certificate, is based on its purchase price plus one half of a percent calculated annually
Other Expense
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Other than temporary impairment charge	$ 1,300,000

Equity (Details)

Equity (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016		Oct. 31, 2015
Beginning Balance				$ 441,147		$ 484,285
Net income		$ 20,215	$ 21,910	29,907		37,483
Dividends				(8,951)		(7,780)
Stock repurchase				(3,263)		(45,932)
Stock options exercised, net of tax				(1,424)		(248)
Supplemental executive retirement plan				150		171
Stock-based compensation expense				5,663		4,496
Net unrealized gain (loss) on investments, net of tax (benefit)		6	(20)	8		(5)
Net change in effective portion of hedging contracts, net of tax		(43)	16	31		12
Joint venture incremental share purchase				(1,660)
Foreign currency translation adjustments		(6,319)	(6,366)	8,489	[1]	(19,573)	[1]
Ending Balance		470,097	452,909	470,097		452,909
Common Stock Class Undefined
Beginning Balance	[2]			270		268
Stock options exercised, net of tax	[2]			1		2
Ending Balance	[2]	271	270	271		270
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				(86)		386
Supplemental executive retirement plan				150		171
Stock-based compensation expense				5,663		4,496
Joint venture incremental share purchase				(1,011)
Ending Balance		182,834	179,879	182,834		179,879
Retained Earnings
Beginning Balance				392,788		358,006
Net income				29,829		37,206
Dividends				(8,951)		(7,780)
Ending Balance		413,666	387,432	413,666		387,432
Treasury Stock
Beginning Balance				(199,195)		(149,811)
Stock repurchase				(3,263)		(45,932)
Stock options exercised, net of tax				(1,339)		(636)
Ending Balance		(203,797)	(196,379)	(203,797)		(196,379)
Accumulated Other Comprehensive Income
Beginning Balance				68,505		98,854
Net unrealized gain (loss) on investments, net of tax (benefit)				8		(5)
Net change in effective portion of hedging contracts, net of tax				31		12
Foreign currency translation adjustments	[1]			8,513		(19,688)
Ending Balance		$ 77,057	79,173	77,057		79,173
Noncontrolling Interests
Beginning Balance				595		2,076
Net income				78		277
Joint venture incremental share purchase				(649)
Foreign currency translation adjustments	[1]			$ (24)		115
Ending Balance			$ 2,468			$ 2,468
[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		9 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015
Stock options exercised, tax			$ 167	$ 21
Net unrealized gain (loss) on investments, tax (benefit)	$ 4	$ (10)	1	(3)
Net change in effective portion of hedging contracts, tax	$ (9)	$ 3	$ 5	$ 3
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 Inform37

Segment and Geographic Information (Details Textual) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2016USD ($)	Oct. 31, 2015USD ($)	Oct. 31, 2016USD ($)SegmentLocation	Oct. 31, 2015USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | Segment			2
Number of geographic locations | Location			2
Net sales	$ 179,818	$ 185,629	$ 421,967	$ 451,659
Unallocated corporate expenses	14,300	12,600	32,200	29,200
Profits related to the company's supply chain operations	14,000	14,600	30,500	34,200
Intersegment Eliminations
Segment Reporting Information [Line Items]
Net sales	$ 75,600	$ 91,200	$ 231,500	$ 249,400
Geographic Concentration Risk | Europe | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	23.50%	22.30%	23.10%	20.90%
Geographic Concentration Risk | the Americas (excluding the United States) | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	7.30%	8.70%	8.40%	10.40%
Geographic Concentration Risk | Middle East | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	7.20%	6.10%	8.40%	7.00%
Geographic Concentration Risk | Asia | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	5.40%	5.60%	5.90%	6.40%

Segment and Geographic Inform38

Segment and Geographic Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015	Jan. 31, 2016
Operating segment data
Net sales	$ 179,818	$ 185,629	$ 421,967	$ 451,659
Operating Income	31,071	33,454	46,540	58,563
Total Assets	624,478	613,118	624,478	613,118	$ 585,170
Wholesale
Operating segment data
Net sales	164,089	169,446	377,258	408,798
Operating Income	28,697	31,036	39,898	51,831
Total Assets	600,885	590,188	600,885	590,188	562,547
Wholesale | Luxury brands category
Operating segment data
Net sales	73,749	71,045	162,428	168,057
Wholesale | Licensed brands category
Operating segment data
Net sales	86,818	94,722	205,229	229,938
Wholesale | After-sales service and all other
Operating segment data
Net sales	3,522	3,679	9,601	10,803
Retail
Operating segment data
Net sales	15,729	16,183	44,709	42,861
Operating Income	2,374	2,418	6,642	6,732
Total Assets	$ 23,593	$ 22,930	$ 23,593	$ 22,930	$ 22,623

Segment and Geographic Inform39

Segment and Geographic Information (Details 1) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Oct. 31, 2016		Oct. 31, 2015		Oct. 31, 2016	Oct. 31, 2015	Jan. 31, 2016
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	$ 179,818		$ 185,629		$ 421,967	$ 451,659
Operating Income	31,071		33,454		46,540	58,563
Total Assets	624,478		613,118		624,478	613,118	$ 585,170
Property, Plant and Equipment, Net	34,867		41,331		34,867	41,331	38,553
United States
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	101,854	[1]	106,341	[1]	228,734	249,696
Operating Income	14,626	[1]	15,361	[1]	12,841	25,738
Total Assets	242,881		251,480		242,881	251,480	215,053
Property, Plant and Equipment, Net	20,307		24,946		20,307	24,946	24,517
International
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	77,964	[2]	79,288	[2]	193,233	201,963
Operating Income	16,445	[2]	18,093	[2]	33,699	32,825
Total Assets	381,597		361,639		381,597	361,639	370,117
Property, Plant and Equipment, Net	$ 14,560		$ 16,385		$ 14,560	$ 16,385	$ 14,036
[1]	The United States operating income included $14.3 million and $12.6 million of unallocated corporate expenses for the three months ended October 31, 2016 and 2015, respectively. The United States operating income included $32.2 million and $29.2 million of unallocated corporate expenses for the nine months ended October 31, 2016 and 2015, respectively.
[2]	The International operating income included $14.0 million and $14.6 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended October 31, 2016 and 2015, respectively. The International operating income included $30.5 million and $34.2 million of certain intercompany profits related to the Company’s supply chain operations for the nine months ended October 31, 2016 and 2015, respectively.

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Oct. 31, 2016	Jan. 31, 2016	Oct. 31, 2015
Inventory Net [Abstract]
Finished goods	$ 122,721	$ 117,627	$ 128,011
Component parts	43,326	41,041	46,455
Work-in-process	3,355	3,797	4,499
Inventories	$ 169,402	$ 162,465	$ 178,965

Debt and Lines of Credit (Detai

Debt and Lines of Credit (Details Textual)	9 Months Ended
	Oct. 31, 2016USD ($)CreditFacilityBankSubsidiary	Oct. 31, 2016CHF (SFr)CreditFacilityBankSubsidiary	Jan. 31, 2016USD ($)	Oct. 31, 2015USD ($)BankSubsidiary	Oct. 31, 2015CHF (SFr)BankSubsidiary	Jan. 30, 2015USD ($)
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	$ 6,400,000	SFr 6,500,000		$ 5,100,000	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	1.50%
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%
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	2	2		2	2
Number of foreign subsidiaries under guaranteed obligation | Subsidiary	2	2		2	2
Guaranteed obligations to third parties	$ 1,200,000			$ 1,000,000
Restricted deposit relates to lease agreement	$ 600,000

Earnings Per Share (Details Tex

Earnings Per Share (Details Textual) - shares	3 Months Ended		9 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015
Earnings Per Share [Abstract]
Weighted basic average shares outstanding	23,055,000	23,167,000	23,074,000	23,690,000
Increase in number of shares outstanding for diluted earnings per share	175,000	244,000	185,000	276,000
Dilutive common stock equivalents were excluded from the computation of diluted earnings per share	862,000	675,000	790,000	419,000

Commitments and Contingencies (

Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	1 Months Ended
	Aug. 31, 2016	Oct. 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		9 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 9,286	$ 11,242	$ 14,450	$ 20,458
Effective tax rate for continuing operations	31.50%	33.90%	32.60%	35.30%
U.S. statutory tax rate	35.00%	35.00%	35.00%	35.00%

Derivative Financial Instrume45

Derivative Financial Instruments (Details Textual) - 9 months ended Oct. 31, 2016	CHF (SFr)	EUR (€)	GBP (£)
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 30,000,000	€ 11,800,000	£ 7,700,000
Maximum
Derivatives Fair Value [Line Items]
Expiry dates ranging	Mar. 14, 2017

Derivative Financial Instrume46

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Oct. 31, 2016	Jan. 31, 2016	Oct. 31, 2015
Designated as Hedging Instrument
Fair value and presentation of derivatives
Asset Derivatives	$ 110	$ 63	$ 65
Liability Derivatives			34
Designated as Hedging Instrument | Foreign Exchange Contract | Other Current Assets
Fair value and presentation of derivatives
Asset Derivatives	110	63	65
Designated as Hedging Instrument | Foreign Exchange Contract | Accrued Liabilities
Fair value and presentation of derivatives
Liability Derivatives			34
Not Designated as Hedging Instrument
Fair value and presentation of derivatives
Asset Derivatives	31	1	6
Liability Derivatives	391	1,163	1,087
Not Designated as Hedging Instrument | Foreign Exchange Contract | Other Current Assets
Fair value and presentation of derivatives
Asset Derivatives	31	1	6
Not Designated as Hedging Instrument | Foreign Exchange Contract | Accrued Liabilities
Fair value and presentation of derivatives
Liability Derivatives	$ 391	$ 1,163	$ 1,087

Accumulated Other Comprehensi47

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands		9 Months Ended
		Oct. 31, 2016	Oct. 31, 2015
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance		$ 440,552
Other comprehensive (loss) / income before reclassifications		8,506	$ (19,573)
Amounts reclassified from accumulated other comprehensive (loss) / income	[1]	46	(108)
Net current-period other comprehensive (loss) / income		8,552	(19,681)
Ending Balance		470,097	450,441
Currency Translation Adjustments
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance		68,265	98,642
Other comprehensive (loss) / income before reclassifications		8,513	(19,688)
Net current-period other comprehensive (loss) / income		8,513	(19,688)
Ending Balance		76,778	78,954
Available-for-sale securities
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance		189	211
Other comprehensive (loss) / income before reclassifications		8	(5)
Net current-period other comprehensive (loss) / income		8	(5)
Ending Balance		197	206
Hedging Contracts
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance		51	1
Other comprehensive (loss) / income before reclassifications		(15)	120
Amounts reclassified from accumulated other comprehensive (loss) / income	[1]	46	(108)
Net current-period other comprehensive (loss) / income		31	12
Ending Balance		82	13
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance		68,505	98,854
Ending Balance		$ 77,057	$ 79,173
[1]	Amounts reclassified to earnings in the Consolidated Statements of Operations.

Treasury Stock (Details Textual

Treasury Stock (Details Textual) - USD ($)	Mar. 31, 2016	Oct. 31, 2016	Oct. 31, 2015
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program expiration date	Sep. 30, 2017
Stock repurchase program, number of shares repurchased		137,499	1,747,996
Stock repurchase program, total cost of shares repurchased		$ 3,263,000	$ 45,932,000
Stock repurchase program, average per share price of shares repurchased		$ 23.73	$ 26.28
Surrender of Shares by Employee
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares repurchased		47,310	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	28,000
Stock repurchase program, total cost of shares repurchased		$ 400,000	$ 800,000
Stock repurchase program, average per share price of shares repurchased		$ 27.67	$ 27.33

Operating Efficiency Initiati49

Operating Efficiency Initiatives and Other Items (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jan. 31, 2016	Apr. 30, 2015	Oct. 31, 2016	Oct. 31, 2015
Restructuring And Related Activities [Abstract]
Operating efficiency initiatives and other items	$ 1,300	$ 2,700		$ 2,670
Operating efficiency initiatives and other items, completion date			Jan. 31, 2016

Operating Efficiency Initiati50

Operating Efficiency Initiatives and Other Items (Details) $ in Thousands	9 Months Ended
	Oct. 31, 2016USD ($)
Restructuring Cost And Reserve [Line Items]
Balance at January 31, 2016	$ 990
Foreign exchange	289
Non-cash adjustments	(79)
Cash payments	(760)
Accrued balance at October 31, 2016	440
Severance
Restructuring Cost And Reserve [Line Items]
Balance at January 31, 2016	631
Foreign exchange	170
Non-cash adjustments	(77)
Cash payments	(637)
Accrued balance at October 31, 2016	87
Occupancy charges
Restructuring Cost And Reserve [Line Items]
Balance at January 31, 2016	359
Foreign exchange	119
Non-cash adjustments	(2)
Cash payments	(123)
Accrued balance at October 31, 2016	$ 353

Other Charges (Details Textual)

Other Charges (Details Textual) - Chief Operating Officer - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2016	Oct. 31, 2016
Deferred Compensation Arrangement With Individual Share Based Payments [Line Items]
Compensation related expenses included in accrued liabilities		$ 0.2
Wholesale
Deferred Compensation Arrangement With Individual Share Based Payments [Line Items]
Compensation related expenses associated with retirement	$ 1.8

Net Income Attributed to Mova52

Net Income Attributed to Movado Group, Inc. and Transfers to Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2016	Oct. 31, 2015
Schedule of net income attributable to non controlling interest
Net income attributed to Movado Group, Inc.	$ 20,215	$ 21,532	$ 29,829	$ 37,206
Transfers to the noncontrolling interest
Decrease in Movado Group, Inc.’s paid in capital for purchase of 10% of MGS common shares	(1,011)		(1,011)
Net transfers to noncontrolling interest	(1,011)		(1,011)
Change from net income attributed to Movado Group, Inc. and transfers to noncontrolling interest	$ 19,204	$ 21,532	$ 28,818	$ 37,206

Net Income Attributed to Mova53

Net Income Attributed to Movado Group, Inc. and Transfers to Noncontrolling Interest (Details) (Parenthetical)	9 Months Ended
	Oct. 31, 2016
Schedule of net income attributable to non controlling interest
Percentage of common shares purchased	10.00%

Net Income Attributed to Mova54

Net Income Attributed to Movado Group, Inc. and Transfers to Noncontrolling Interest (Details Textual) - JV Agreement - USD ($) $ in Millions	Aug. 04, 2016	Jan. 30, 2013	Oct. 31, 2016
Schedule Of Equity Method Investments [Line Items]
Agreement termination date			Aug. 4, 2016
Co-venturer
Schedule Of Equity Method Investments [Line Items]
Percentage of ownership controlled		10.00%
MGS Distribution Limited
Schedule Of Equity Method Investments [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%
Ownership interest in wholly-owned entity	100.00%
MGS Distribution Limited | Majorelle
Schedule Of Equity Method Investments [Line Items]
Purchase price	$ 1.7