Movado (MOV) 10-Q 29 Aug 17 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jul. 31, 2017	Aug. 22, 2017
Document Type	10-Q
Amendment Flag	false
Entity Filer Category	Accelerated Filer
Document Period End Date	Jul. 31, 2017
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Trading Symbol	MOV
Entity Registrant Name	MOVADO GROUP INC
Entity Central Index Key	72,573
Current Fiscal Year End Date	--01-31
Common Stock Class Undefined
Entity Common Stock, Shares Outstanding		16,319,145
Class A Common Stock
Entity Common Stock, Shares Outstanding		6,651,950

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands		Jul. 31, 2017	Jan. 31, 2017	Jul. 31, 2016
Current assets:
Cash and cash equivalents		$ 162,417	$ 256,279	$ 205,795
Trade receivables, net		81,513	66,847	72,737
Inventories		176,967	153,167	186,090
Other current assets		31,825	28,487	34,807
Total current assets		452,722	504,780	499,429
Property, plant and equipment, net		31,412	34,173	35,726
Deferred and non-current income taxes		24,924	24,837	20,656
Goodwill		56,116
Other intangibles, net		23,184	1,633	1,837
Other non-current assets		45,715	42,379	41,088
Total assets		634,073	607,802	598,736
Current liabilities:
Loans payable to bank, current		5,000	5,000	3,000
Accounts payable		35,174	27,192	26,013
Accrued liabilities		44,192	35,061	37,676
Income taxes payable		1,730	4,149	2,120
Total current liabilities		86,096	71,402	68,809
Loans payable to bank		25,000	25,000	35,000
Deferred and non-current income taxes payable		7,759	3,322	3,089
Other non-current liabilities		37,060	34,085	32,206
Total liabilities		155,915	133,809	139,104
Commitments and contingencies (Note 9)
Equity:
Preferred Stock, $0.01 par value, 5,000,000 shares authorized; no shares issued
Capital in excess of par value		187,852	185,354	182,185
Retained earnings		411,275	415,919	396,432
Accumulated other comprehensive income		85,478	76,780	83,413
Treasury Stock, 10,972,873, 10,869,321 and 10,830,958 shares, respectively, at cost		(206,787)	(204,398)	(203,384)
Total Movado Group, Inc. shareholders' equity		478,158	473,993	458,983
Noncontrolling interests				649
Total equity		478,158	473,993	459,632
Total liabilities and equity		634,073	607,802	598,736
Common Stock Class Undefined
Equity:
Common Stock		273	272	271
Total equity	[1]	273	272	271
Class A Common Stock
Equity:
Common Stock		67	66	66
Total equity	[2]	$ 67	$ 66	$ 66
[1]	Each share of common stock is entitled to one vote per share on all matters submitted to a vote of the shareholders.
[2]	Each share of class A common stock is entitled to 10 votes per share on all matters submitted to a vote of the shareholders. Each holder of class A common stock is entitled to convert, at any time, any and all of such shares into the same number of shares of common stock. Each share of class A common stock is converted automatically into common stock in the event that the beneficial or record ownership of such shares of class A common stock is transferred to any person, except to certain family members or affiliated persons deemed “permitted transferees” pursuant to the Company’s Restated Certificate of Incorporation as amended. The class A common stock is not publicly traded, and consequently, there is currently no established public trading market for these shares.

CONSOLIDATED BALANCE SHEETS (U3

CONSOLIDATED BALANCE SHEETS (Unaudited) (PARENTHETICAL) - $ / shares	Jul. 31, 2017	Jan. 31, 2017	Jul. 31, 2016
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	10,972,873	10,869,321	10,830,958
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	27,291,230	27,176,656	27,137,049
Common Stock, shares outstanding	27,291,230	27,176,656	27,137,049
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	6,651,950	6,644,105	6,644,105
Common Stock, shares outstanding	6,651,950	6,644,105	6,644,105

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Income Statement [Abstract]
Net sales		$ 128,781	$ 128,086	$ 228,046	$ 242,149
Cost of sales		62,655	57,823	112,783	110,569
Gross profit		66,126	70,263	115,263	131,580
Selling, general, and administrative		57,809	60,172	110,594	116,111
Operating income	[1],[2]	8,317	10,091	4,669	15,469
Interest expense		(390)	(331)	(746)	(706)
Interest income		129	36	251	93
Income before income taxes		8,056	9,796	4,174	14,856
Provision for income taxes (Note 10)		2,574	3,441	2,851	5,164
Net income		5,482	6,355	1,323	9,692
Less: Net income attributed to noncontrolling interests			49		78
Net income attributed to Movado Group, Inc.		$ 5,482	$ 6,306	$ 1,323	$ 9,614
Basic income per share:
Weighted basic average shares outstanding		23,085,000	23,092,000	23,080,000	23,083,000
Net income per share attributed to Movado Group, Inc.		$ 0.24	$ 0.27	$ 0.06	$ 0.42
Diluted income per share:
Weighted diluted average shares outstanding		23,218,000	23,192,000	23,253,000	23,237,000
Net income per share attributed to Movado Group, Inc.		$ 0.24	$ 0.27	$ 0.06	$ 0.41
Dividends declared per share		$ 0.13	$ 0.13	$ 0.26	$ 0.26
[1]	In the International location of the Wholesale segment, for the three months ended July 31, 2017, operating income included a pre-tax charge of $0.1 million, as a result of the Company’s cost savings initiatives. In the United States and International locations of the Wholesale segment, for the six months ended July 31, 2017, operating (loss) / income included a pre-tax charge of $3.8 million and $2.6 million, respectively, as a result of the Company’s cost savings initiatives.
[2]	In the United States and International locations of the Wholesale segment, for both the three and the six months ended July 31, 2017, operating income / (loss) included $0.2 million and $4.3 million, respectively, of expenses primarily related to transaction costs and adjustments in acquisition accounting, as a result of the Company’s acquisition of the Olivia Burton brand.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017		Jul. 31, 2016
Comprehensive income, net of taxes:
Net income including noncontrolling interests	$ 5,482	$ 6,355	$ 1,323		$ 9,692
Net unrealized gain / (loss) on investments, net of tax (benefit) of $6, $(5), $0 and $(3), respectively	13	(4)	1		2
Net change in effective portion of hedging contracts, net of tax (benefit) of $(53), $60, $(79) and $14, respectively	(266)	306	(411)		74
Foreign currency translation adjustments	10,838	(3,092)	9,108	[1]	14,808	[1]
Comprehensive income including noncontrolling interests	16,067	3,565	10,021		24,576
Less: Comprehensive income attributed to noncontrolling interests		17			54
Total comprehensive income attributed to Movado Group, Inc.	$ 16,067	$ 3,548	$ 10,021		$ 24,522
[1]	The currency translation adjustment is not adjusted for income taxes to the extent that it relates to permanent investments of earnings in international subsidiaries.

CONSOLIDATED STATEMENTS OF COM6

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (PARENTHETICAL) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Statement Of Income And Comprehensive Income [Abstract]
Net unrealized gain / (loss) on investments, tax (benefit)	$ 6	$ (5)	$ 0	$ (3)
Net change in effective portion of hedging contracts, tax (benefit)	$ (53)	$ 60	$ (79)	$ 14

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jul. 31, 2017	Jul. 31, 2016
Cash flows from operating activities:
Net income including noncontrolling interests	$ 1,323	$ 9,692
Adjustments to reconcile net income to net cash (used in) operating activities:
Depreciation and amortization	6,009	5,688
Transactional (gains) / losses	(444)	1,925
Write-down of inventories	886	867
Deferred income taxes	9	142
Stock-based compensation	2,433	4,026
Cost savings initiative	6,419
Changes in assets and liabilities:
Trade receivables	(10,267)	(1,614)
Inventories	(18,774)	(21,134)
Other current assets	(2,237)	(5,271)
Accounts payable	7,102	(1,806)
Accrued liabilities	911	(1,196)
Income taxes payable	(3,090)	(4,392)
Other non-current assets	(3,250)	(4,863)
Other non-current liabilities	2,948	3,603
Net cash (used in) operating activities	(10,022)	(14,333)
Cash flows from investing activities:
Capital expenditures	(2,005)	(1,796)
Short-term investment		(154)
Restricted cash deposits	1,018	(1,156)
Trademarks and other intangibles	(463)	(263)
Acquisition, net of cash acquired	(78,991)
Net cash (used in) investing activities	(80,441)	(3,369)
Cash flows from financing activities:
Proceeds from bank borrowings		3,000
Repayments of bank borrowings		(5,000)
Stock options exercised and other changes	(733)	(1,248)
Dividends paid	(5,967)	(5,970)
Stock repurchase	(1,655)	(2,858)
Net cash (used in) financing activities	(8,355)	(12,076)
Effect of exchange rate changes on cash and cash equivalents	4,956	7,385
Net (decrease) in cash and cash equivalents	(93,862)	(22,393)
Cash and cash equivalents at beginning of period	256,279	228,188
Cash and cash equivalents at end of period	$ 162,417	$ 205,795

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jul. 31, 2017
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, 2017 (the “2017 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, 2017 is derived from the audited annual financial statements, which are included in the Company’s 2017 Annual Report on Form 10-K and should be read in connection with these interim unaudited financial statements. Operating results for the interim periods presented are not necessarily indicative of the results that may be expected for the full year.

Reclassifications

Reclassifications	6 Months Ended
	Jul. 31, 2017
Reclassifications [Abstract]
Reclassifications	NOTE 1 – RECLASSIFICATIONS Certain reclassifications were made to prior years’ financial statement amounts and related note disclosures to conform to fiscal 2018 presentation. As a result of the adoption of ASU 2016-09, “Improvements to Employee Share-Based Payment Accounting,” excess tax benefits and deficiencies related to share­based compensation are reported as operating activities in the statement of cash flows.

Changes to Critical Accounting

Changes to Critical Accounting Policies	6 Months Ended
	Jul. 31, 2017
Accounting Policies [Abstract]
Changes to Critical Accounting Policies	NOTE 2 - As a result of the acquisition of JLB Brands Ltd., the owner of the Olivia Burton brand, in the second quarter of fiscal 2018, the Company has made the following additions to its critical accounting policies related to intangible assets and goodwill (see Note 17 – Acquisitions). Intangibles In accordance with applicable guidance, the Company estimates and records the fair value of purchased intangible assets at the time of its acquisition, which in the acquisition of the Olivia Burton brand primarily consist of a trade name and customer relationships. The fair values of these intangible assets are estimated based on independent third-party appraisals. Finite-lived intangible assets are amortized over their respective estimated useful lives and are evaluated for impairment periodically whenever events or changes in circumstances indicate that their related carrying values may not be fully recoverable. Estimates of fair value for finite-lived intangible assets are primarily determined using discounted cash flows, with consideration of market comparisons and recent transactions. This approach may use significant estimates and assumptions, including projected future cash flows, discount rates and growth rates. Goodwill At the time of acquisition, in accordance with applicable guidance, the Company records all acquired net assets at their estimated fair values. These estimated fair values are based on management’s assessments and independent third-party appraisals. The excess of the purchase consideration over the aggregate estimated fair values of the acquired net assets is recorded as goodwill. Goodwill will not be amortized but will be assessed for impairment at least annually. Under applicable guidance, the Company generally performs its annual goodwill impairment analysis using a qualitative approach to determine whether it is more likely than not that the fair value of goodwill is less than its carrying value. If, based on the results of the qualitative assessment, it is concluded that it is more likely than not that the fair value of goodwill is less than its carrying value, a quantitative test is performed. The Company early adopted ASU 2017-04 “Intangibles - Goodwill and Other: Simplifying the Test for Goodwill Impairment” (see Note 14 – Accounting Changes and Recent Accounting Pronouncements) on a prospective basis during the second quarter of fiscal 2018 in light of goodwill in the period, associated with the acquisition of the Olivia Burton brand. The quantitative impairment test is performed to measure the amount of impairment loss, if any. The quantitative impairment test identifies the existence of potential impairment by comparing the fair value of each reporting unit with its carrying value, including goodwill. If a reporting unit’s carrying amount exceeds its fair value, the Company will record an impairment charge, as an operating expense item, based on that difference. The impairment charge will be limited to the amount of goodwill allocated to that reporting unit. Determination of the fair value of a reporting unit and the fair value of individual assets and liabilities of a reporting unit is based on management's assessment, including the consideration of independent third-party appraisals when necessary. Furthermore, this determination is subjective in nature and involves the use of significant estimates and assumptions. These estimates and assumptions could have a significant impact on whether or not an impairment charge is recognized and the amount of any such charge. Estimates of fair value are primarily determined using discounted cash flows, market comparisons, and recent transactions. These approaches use significant estimates and assumptions, including projected future cash flows, discount rates, growth rates, and determination of appropriate market comparisons.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jul. 31, 2017
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Fair Value Measurements	NOTE 3 – FAIR VALUE MEASUREMENTS Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Accounting guidance establishes a fair value hierarchy which prioritizes the inputs used in measuring fair value into three broad levels as follows: • Level 1 – Quoted prices in active markets for identical assets or liabilities. • Level 2 – Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly. • Level 3 – Unobservable inputs based on the Company’s assumptions. The following tables present the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis (in thousands) as of July 31, 2017 and 2016 and January 31, 2017: Fair Value at July 31, 2017 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 313 $ — $ — $ 313 Short-term investment Other current assets 161 — — 161 SERP assets - employer Other non-current assets 1,394 — — 1,394 SERP assets - employee Other non-current assets 34,007 — — 34,007 Hedge derivatives Other current assets — 402 — 402 Total $ 35,875 $ 402 $ — $ 36,277 Liabilities: SERP liabilities - employee Other non-current liabilities $ 34,007 $ — $ — $ 34,007 Hedge derivatives Accrued liabilities — 489 — 489 Total $ 34,007 $ 489 $ — $ 34,496 Fair Value at January 31, 2017 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 309 $ — $ — $ 309 Short-term investment Other current assets 154 — — 154 SERP assets - employer Other non-current assets 1,091 — — 1,091 SERP assets - employee Other non-current assets 30,831 — — 30,831 Hedge derivatives Other current assets — 145 — 145 Total $ 32,385 $ 145 $ — $ 32,530 Liabilities: SERP liabilities - employee Other non-current liabilities $ 30,831 $ — $ — $ 30,831 Hedge derivatives Accrued liabilities — 211 — 211 Total $ 30,831 $ 211 $ — $ 31,042 Fair Value at July 31, 2016 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 271 $ — $ — $ 271 Short-term investment Other current assets 154 — — 154 SERP assets - employer Other non-current assets 1,364 — — 1,364 SERP assets - employee Other non-current assets 28,469 — — 28,469 Hedge derivatives Other current assets — 549 — 549 Total $ 30,258 $ 549 $ — $ 30,807 Liabilities: SERP liabilities - employee Other non-current liabilities $ 28,469 $ — $ — $ 28,469 Hedge derivatives Accrued liabilities — 92 — 92 Total $ 28,469 $ 92 $ — $ 28,561 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 July 31, 2017.

Equity

Equity	6 Months Ended
	Jul. 31, 2017
Equity [Abstract]
Equity	NOTE 4 – EQUITY The components of equity for the six months ended July 31, 2017 and 2016 are as follows (in thousands): Movado Group, Inc. Shareholders' Equity Common Stock Class Common Stock Capital Excess Par Retained Earnings Treasury Stock Accumulated Other Comprehensive Income Noncontrolling Interests Total Balance, January 31, 2017 $ 272 $ 66 $ 185,354 $ 415,919 $ (204,398 ) $ 76,780 $ — $ 473,993 Net income 1,323 1,323 Dividends (5,967 ) (5,967 ) Stock repurchase (1,655 ) (1,655 ) Stock options exercised 1 1 (1 ) (734 ) (733 ) Supplemental executive retirement plan 66 66 Stock-based compensation expense 2,433 2,433 Net unrealized gain on investments, net of tax of $0 1 1 Net change in effective portion of hedging contracts, net of tax benefit of $79 (411 ) (411 ) Foreign currency translation adjustment (3) 9,108 9,108 Balance, July 31, 2017 $ 273 $ 67 $ 187,852 $ 411,275 $ (206,787 ) $ 85,478 $ — $ 478,158 Common Stock Class Common Stock Capital Excess Par Retained Earnings Treasury Stock Accumulated Other Comprehensive Income Noncontrolling Interests Total Balance, January 31, 2016 $ 270 $ 66 $ 178,118 $ 392,788 $ (199,195 ) $ 68,505 $ 595 $ 441,147 Net income 9,614 78 9,692 Dividends (5,970 ) (5,970 ) Stock repurchase (2,858 ) (2,858 ) Stock options exercised, net of tax of $160 1 (78 ) (1,331 ) (1,408 ) Supplemental executive retirement plan 119 119 Stock-based compensation expense 4,026 4,026 Net unrealized gain on investments, net of tax benefit of $3 2 2 Net change in effective portion of hedging contracts, net of tax of $14 74 74 Foreign currency translation adjustment (3) 14,832 (24 ) 14,808 Balance, July 31, 2016 $ 271 $ 66 $ 182,185 $ 396,432 $ (203,384 ) $ 83,413 $ 649 $ 459,632 (1) Each share of common stock is entitled to one vote per share on all matters submitted to a vote of the shareholders. (2) Each share of class A common stock is entitled to 10 votes per share on all matters submitted to a vote of the shareholders. Each holder of class A common stock is entitled to convert, at any time, any and all of such shares into the same number of shares of common stock. Each share of class A common stock is converted automatically into common stock in the event that the beneficial or record ownership of such shares of class A common stock is transferred to any person, except to certain family members or affiliated persons deemed “permitted transferees” pursuant to the Company’s Restated Certificate of Incorporation as amended. The class A common stock is not publicly traded, and consequently, there is currently no established public trading market for these shares. (3) The currency translation adjustment is not adjusted for income taxes to the extent that it relates to permanent investments of earnings in international subsidiaries.

Segment and Geographic Informat

Segment and Geographic Information	6 Months Ended
	Jul. 31, 2017
Segment Reporting [Abstract]
Segment and Geographic Information	NOTE 5 – 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 owned 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 26.4%, 10.2%, 9.3% and 6.1%, respectively, of the Company’s total net sales for the three months ended July 31, 2017. For the three months ended July 31, 2016, the Company’s International operations in Europe, the Americas (excluding the United States), the Middle East and Asia accounted for 22.3%, 8.3%, 10.0% and 7.2%, 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 27.8%, 10.4%, 8.9% and 6.1%, respectively, of the Company’s total net sales for the six months ended July 31, 2017. For the six months ended July 31, 2016, the Company’s International operations in Europe, the Americas (excluding the United States), the Middle East and Asia accounted for 22.8%, 9.2%, 9.3% and 6.3%, respectively, of the Company’s total net sales. Operating Segment Data for the Three Months Ended July 31, 2017 and 2016 (in thousands): Net Sales 2017 2016 Wholesale: Owned brands category $ 46,339 $ 46,643 Licensed brands category 62,529 61,571 After-sales service and all other 2,150 2,997 Total Wholesale 111,018 111,211 Retail 17,763 16,875 Consolidated total $ 128,781 $ 128,086 Operating Income (3) (4) 2017 2016 Wholesale $ 4,797 $ 6,633 Retail 3,520 3,458 Consolidated total $ 8,317 $ 10,091 Operating Segment Data for the Six Months Ended July 31, 2017 and 2016 (in thousands): Net Sales 2017 2016 Wholesale: Owned brands category $ 79,481 $ 88,679 Licensed brands category 113,899 118,411 After-sales service and all other 4,798 6,079 Total Wholesale 198,178 213,169 Retail 29,868 28,980 Consolidated total $ 228,046 $ 242,149 Operating Income (3) (4) 2017 2016 Wholesale $ 309 $ 11,201 Retail 4,360 4,268 Consolidated total $ 4,669 $ 15,469 Total Assets July 31, 2017 January 31, 2017 July 31, 2016 Wholesale $ 609,893 $ 584,518 $ 575,903 Retail 24,180 23,284 22,833 Consolidated total $ 634,073 $ 607,802 $ 598,736 Geographic Location Data for the Three Months Ended July 31, 2017 and 2016 (in thousands): Net Sales Operating Income / (Loss) (3) (4) 2017 2016 2017 2016 United States (1) $ 61,845 $ 66,823 $ 1,401 $ (392 ) International (2) 66,936 61,263 6,916 10,483 Consolidated total $ 128,781 $ 128,086 $ 8,317 $ 10,091 United States and International net sales are net of intercompany sales of $62.3 million and $72.4 million for the three months ended July 31, 2017 and 2016, respectively. Geographic Location Data for the Six Months Ended July 31, 2017 and 2016 (in thousands): Net Sales Operating (Loss) / Income (3) (4) 2017 2016 2017 2016 United States (1) $ 106,640 $ 126,880 $ (8,380 ) $ (1,785 ) International (2) 121,406 115,269 13,049 17,254 Consolidated total $ 228,046 $ 242,149 $ 4,669 $ 15,469 United States and International net sales are net of intercompany sales of $124.6 million and $155.9 million for the six months ended July 31, 2017 and 2016, respectively. (1) The United States operating income / (loss) included $7.2 million and $10.0 million of unallocated corporate expenses for the three months ended July 31, 2017 and 2016, respectively. The United States operating loss included $13.4 million and $18.7 million of unallocated corporate expenses for the six months ended July 31, 2017 and 2016, respectively. (2) The International operating income included $7.9 million and $9.4 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended July 31, 2017 and 2016, respectively. The International operating income included $15.5 million and $16.5 million of certain intercompany profits related to the Company’s supply chain operations for the six months ended July 31, 2017 and 2016, respectively. (3) In the International location of the Wholesale segment, for the three months ended July 31, 2017, operating income included a pre-tax charge of $0.1 million, as a result of the Company’s cost savings initiatives. In the United States and International locations of the Wholesale segment, for the six months ended July 31, 2017, operating (loss) / income included a pre-tax charge of $3.8 million and $2.6 million, respectively, as a result of the Company’s cost savings initiatives. (4) In the United States and International locations of the Wholesale segment, for both the three and the six months ended July 31, 2017, operating income / (loss) included $0.2 million and $4.3 million, respectively, of expenses primarily related to transaction costs and adjustments in acquisition accounting, as a result of the Company’s acquisition of the Olivia Burton brand. Total Assets July 31, 2017 January 31, 2017 July 31, 2016 United States $ 216,929 $ 207,246 $ 221,081 International 417,144 400,556 377,655 Consolidated total $ 634,073 $ 607,802 $ 598,736 Property, Plant and Equipment, Net July 31, 2017 January 31, 2017 July 31, 2016 United States $ 17,521 $ 19,197 $ 21,686 International 13,891 14,976 14,040 Consolidated total $ 31,412 $ 34,173 $ 35,726

Inventories

Inventories	6 Months Ended
	Jul. 31, 2017
Inventory Disclosure [Abstract]
Inventories	NOTE 6 – INVENTORIES Inventories consisted of the following (in thousands): July 31, 2017 January 31, 2017 July 31, 2016 Finished goods $ 132,659 $ 112,297 $ 134,421 Component parts 41,932 38,482 47,717 Work-in-process 2,376 2,388 3,952 $ 176,967 $ 153,167 $ 186,090

Debt and Lines of Credit

Debt and Lines of Credit	6 Months Ended
	Jul. 31, 2017
Debt Disclosure [Abstract]
Debt and Lines of Credit	NOTE 7 – DEBT AND LINES OF CREDIT On January 30, 2015, the Company, together with Movado Group Delaware Holdings Corporation, Movado Retail Group, Inc. and Movado LLC (collectively, the “Borrowers”), each a wholly-owned domestic subsidiary of the Company, entered into a Credit Agreement (the “Credit Agreement”) with the lenders party thereto and Bank of America, N.A. as administrative agent (in such capacity, the “Agent”). The Credit Agreement provides for a $100.0 million senior secured revolving credit facility (the “Facility”) including a $15.0 million letter of credit sub-facility that matures on January 30, 2020, with provisions for uncommitted increases of up to $50.0 million in the aggregate, subject to customary terms and conditions. In connection with the Credit Agreement, the Borrowers also entered into a Security and Pledge Agreement dated as of January 30, 2015 in favor of the Agent (the “Security Agreement”). As of July 31, 2017, $30.0 million in loans were drawn under the Facility. Additionally, approximately $0.3 million in letters of credit, which were outstanding under the Borrower’s pre-existing asset-based revolving credit facility that was concurrently terminated when the Credit Agreement became effective, are deemed to be issued and outstanding under the Facility. As of July 31, 2017, availability under the Facility was approximately $69.7 million. Borrowings under the Facility bear interest at rates selected periodically by the Company at LIBOR plus a spread ranging from 1.25% to 1.75% per annum, based on the Company’s consolidated leverage ratio, or at a base rate plus a spread ranging from 0.25% to 0.75% per annum based on the Company’s consolidated leverage ratio (as defined in the Credit Agreement). At July 31, 2017, the Company’s spreads were 1.25% over LIBOR and 0.25% over the base rate. The Company has also agreed to pay certain fees and expenses and to provide certain indemnities, all of which are customary for such financings. The borrowings under the Facility are joint and several obligations of the Borrowers and are also cross-guaranteed by each Borrower. In addition, pursuant to the Security Agreement, the Borrowers’ obligations under the Facility are secured by first priority liens, subject to permitted liens, on substantially all of the Borrowers’ assets other than certain excluded assets. The Security Agreement contains representations, warranties and covenants, which are customary for pledge and security agreements of this type, relating to the creation and perfection of security interests in favor of the Agent over various categories of the Borrowers’ assets. The Credit Agreement contains affirmative and negative covenants binding on the Borrowers and their subsidiaries that are customary for credit facilities of this type, including, but not limited to, restrictions and limitations on the incurrence of debt and liens, dispositions of assets, capital expenditures, dividends and other payments in respect of equity interests, the making of loans and equity investments, mergers, consolidations, liquidations and dissolutions, and transactions with affiliates (in each case, subject to various exceptions). The Borrowers are also subject to a minimum consolidated EBITDA (as defined in the Credit Agreement) test of $50.0 million, measured at the end of each fiscal quarter based on the four most recent fiscal quarters and a consolidated leverage ratio (as defined in the Credit Agreement) covenant not to exceed 2.50 to 1.00, measured as of the last day of each fiscal quarter. As of July 31, 2017, the Company was in compliance with its covenants under the Credit Agreement. The Credit Agreement contains events of default that are customary for facilities of this type, including, but not limited to, nonpayment of principal, interest, fees and other amounts when due, failure of any representation or warranty to be true in any material respect when made or deemed made, violation of covenants, cross default with material indebtedness, material judgments, material ERISA liability, bankruptcy events, asserted or actual revocation or invalidity of the loan documents, and change of control. As of July 31, 2017, the Company classified $5.0 million of the outstanding balance under the Facility as current based on voluntary payments estimated to be made in the next twelve months, with the remainder classified as long-term debt based on the 2020 maturity date of the Facility and the Company’s intent and ability to refinance its obligations thereunder. As of July 31, 2017, Bank of America, N.A. issued two irrevocable standby letters of credit in connection with retail and operating facility leases to various landlords and for Canadian payroll to the Royal Bank of Canada. As of July 31, 2017, the Company had outstanding letters of credit totaling $0.3 million with expiration dates through May 31, 2018. A Swiss subsidiary of the Company maintains unsecured lines of credit with an unspecified maturity with a Swiss bank. As of July 31, 2017 and 2016, these lines of credit totaled 6.5 million Swiss francs and 5.0 million Swiss francs with a dollar equivalent of $6.7 million and $5.2 million, respectively. As of July 31, 2017 and 2016, there were no borrowings against these lines. As of July 31, 2017, 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 July 31, 2016, three 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.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jul. 31, 2017
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 8 – 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 23,085,000 and 23,092,000 for the three months ended July 31, 2017 and 2016, respectively. For the three months ended July 31, 2017 and 2016, the number of shares outstanding for diluted earnings per share increased by approximately 133,000 and 100,000, respectively, due to potentially dilutive common stock equivalents issuable under the Company’s stock compensation plans and SERP. For the three months ended July 31, 2017 and 2016, approximately 810,000 and 1,005,000, 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 23,080,000 and 23,083,000 for the six months ended July 31, 2017 and 2016, respectively. For the six months ended July 31, 2017 and 2016, the number of shares outstanding for diluted earnings per share increased by approximately 173,000 and 154,000, respectively, due to potentially dilutive common stock equivalents issuable under the Company’s stock compensation plans and SERP. For the six months ended July 31, 2017 and 2016, approximately 807,000 and 837,000, respectively, of potentially dilutive common stock equivalents were excluded from the computation of diluted earnings per share because their effect would have been antidilutive.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jul. 31, 2017
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 9 – COMMITMENTS AND CONTINGENCIES The Company has minimum commitments related to the Company’s license agreements and endorsement agreements with brand ambassadors. The Company sources, distributes, advertises and sells watches 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. During the three months ended July 31, 2017, the Company released to cash $1.0 million in restricted cash deposits that were previously recorded in other current assets on the Company’s Consolidated Balance Sheet, related to a certain vendor agreement. In December 2016, U.S. Customs and Border Protection (“U.S. Customs”) issued an audit report concerning the methodology used by the Company to allocate the cost of certain watch styles imported into the U.S. among the component parts of those watches for tariff purposes. The report disputes the reasonableness of the Company’s historical allocation formulas and proposes an alternative methodology that would imply approximately $5.1 million in underpaid duties over the five-year period covered by the statute of limitations, plus possible penalties and interest. The Company believes that U.S. Customs’ alternative duty methodology and estimate are not consistent with the Company’s facts and circumstances and is disputing U.S. Customs’ position. On February 24, 2017, the Company provided U.S. Customs with supplemental analyses and information supporting the Company’s historical allocation formulas and is in the process of providing additional information for U.S. Customs’ review. Although the Company disagrees with U.S. Customs’ position, it cannot predict with any certainty the outcome of this matter. The Company intends to continue to work with U.S. Customs to reach a mutually-satisfactory resolution. The Company is involved in legal proceedings and claims from time to time, in the ordinary course of its business. Legal reserves are recorded in accordance with the accounting guidance for contingencies. Contingencies are inherently unpredictable and it is possible that results of operations, balance sheets or cash flows could be materially and adversely affected in any particular period by unfavorable developments in, or resolution or disposition of, such matters. For those legal proceedings and claims for which the Company believes that it is probable that a reasonably estimable loss may result, the Company records a reserve for the potential loss. For proceedings and claims where the Company believes it is reasonably possible that a loss may result that is materially in excess of amounts accrued for the matter, the Company either discloses an estimate of such possible loss or range of loss or includes a statement that such an estimate cannot be made. As of July 31, 2017, the Company is party to legal proceedings and contingencies, the resolution of which is not expected to materially affect its financial condition, future results of operations beyond the amounts accrued, or cash flows.

Income Taxes

Income Taxes	6 Months Ended
	Jul. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 10 – INCOME TAXES The Company recorded income tax expense of $2.6 million and $3.4 million for the three months ended July 31, 2017 and 2016, respectively. The effective tax rate was 32.0% and 35.1% for the three months ended July 31, 2017 and 2016, respectively. The decrease in the effective tax rate results primarily from decreased losses in the current period for certain foreign operations in which no tax benefit is recognized, partially offset by acquisition costs related to the Olivia Burton brand acquisition (see Note 17 – Acquisitions for additional disclosures). The Company recorded income tax expense of $2.9 million and $5.2 million for the six months ended July 31, 2017 and 2016, respectively. The effective tax rate was 68.3% and 34.8% for the six months ended July 31, 2017 and 2016, respectively. The increase in the effective tax rate was primarily due to the adoption of ASU 2016-09, “Improvements to Employee Share-Based Payment Accounting,” (which requires that excess tax benefits and deficiencies associated with share-based compensation activity be recorded as an income tax expense or benefit in the period the shares vest or are settled. See Note 14 – Accounting Changes and Recent Accounting Pronouncements for additional disclosures) and acquisition costs related to the acquisition of the Olivia Burton brand (see Note 17 – Acquisitions for additional disclosures), partially offset by changes in jurisdictional earnings. The effective tax rate for the three and six months ended July 31, 2017 differs from the U.S. statutory tax rate of 35.0% primarily due to foreign profits being taxed in lower taxing jurisdictions and acquisition costs related to the acquisition of the Olivia Burton brand (see Note 17 – Acquisitions for additional disclosures). The effective tax rate for the six months ended July 31, 2017 also includes an increase primarily due to the adoption of ASU 2016-09 and no tax benefit being recognized on losses incurred by certain foreign operations. The effective tax rate for the three and six months ended July 31, 2016 differs from the U.S. statutory tax rate of 35.0% primarily due to foreign profits being taxed in lower taxing jurisdictions, partially offset by no tax benefit being recognized on losses incurred by certain foreign operations.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
	Jul. 31, 2017
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	NOTE 11 – 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 and, to a lesser extent, the Japanese Yen. 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, British Pound and Japanese Yen exchange rate risks through a hedging program. Under the hedging program, the Company manages most of its foreign currency exposures on a consolidated basis, which allows it to net certain exposures and take advantage of natural offsets. In the event these exposures do not offset, from time to time the Company uses forward contracts to further reduce the net exposures to currency fluctuations. When entered into, the Company designates and documents these derivative instruments as a cash flow hedge of a specific underlying exposure, as well as the risk management objectives and strategies for undertaking the hedge transactions. Changes in the fair value of a derivative that is designated and documented as a cash flow hedge and is highly effective, are recorded in other comprehensive income until the underlying transaction affects earnings, and then are later reclassified into earnings in the same account as the hedged transaction. The earnings impact is mostly offset by the effects of currency movements on the underlying hedged transactions. The Company formally assesses, both at the inception and at each financial quarter thereafter, the effectiveness of the derivative instrument hedging the underlying forecasted cash flow transaction. The Company does not exclude any designated cash flow hedges from its effectiveness testing. Any ineffectiveness related to the derivative financial instruments’ change in fair value will be recognized as other income in the Consolidated Statements of Operations in the period in which the ineffectiveness was calculated. No ineffectiveness has been recorded in the three and six months ended July 31, 2017 and 2016. The Company uses forward exchange contracts to offset its exposure to certain foreign currency receivables and liabilities. These forward contracts are not designated as qualified hedges and, therefore, changes in the fair value of these derivatives are recognized in earnings in the period they arise, thereby offsetting the current earnings effect resulting from the revaluation of the related foreign currency receivables and liabilities. All of the Company’s derivative instruments have liquid markets to assess fair value. The Company does not enter into any derivative instruments for trading purposes. As of July 31, 2017, the Company’s entire net forward contracts hedging portfolio consisted of 22.0 million Swiss francs equivalent, 11.0 million Euros equivalent and 4.0 million British Pounds equivalent , The following table summarizes the fair value and presentation in the Consolidated Balance Sheets for derivatives (in thousands): Asset Derivatives Liability Derivatives Balance Sheet Location July 31, 2017 Fair Value January 31, 2017 Fair Value July 31, 2016 Fair Value Balance Sheet Location July 31, 2017 Fair Value January 31, 2017 Fair Value July 31, 2016 Fair Value Derivatives not designated as hedging instruments: Foreign Exchange Contracts Other Current Assets $ 402 $ 145 $ 355 Accrued Liabilities $ 25 $ 211 $ 92 Total Derivative Instruments $ 402 $ 145 $ 355 $ 25 $ 211 $ 92 Asset Derivatives Liability Derivatives Balance Sheet Location July 31, 2017 Fair Value January 31, 2017 Fair Value July 31, 2016 Fair Value Balance Sheet Location July 31, 2017 Fair Value January 31, 2017 Fair Value July 31, 2016 Fair Value Derivatives designated as hedging instruments: Foreign Exchange Contracts Other Current Assets $ — $ — $ 194 Accrued Liabilities $ 464 $ — $ — Total Derivative Instruments $ — $ — $ 194 $ 464 $ — $ — As of July 31, 2017 and 2016, the balance of deferred net loss on derivative financial instruments documented as cash flow hedges included in accumulated other comprehensive income (“AOCI”) was $0.4 million, net of tax benefit of $0.1 million and an immaterial amount, 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 and six months ended July 31, 2017, the Company reclassified from AOCI to earnings $0.4 million of net loss, net of tax benefit of $0.1 million, for both periods, respectively. For the three and six months ended July 31, 2016, the Company reclassified amounts from AOCI to earnings that were immaterial for both periods.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
	Jul. 31, 2017
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Accumulated Other Comprehensive Income	NOTE 12- 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, 2017 $ 76,569 $ 197 $ 14 $ 76,780 Other comprehensive income before reclassifications 9,108 1 31 9,140 Amounts reclassified from accumulated other comprehensive income (1) — — (442 ) (442) Net current-period other comprehensive income / (loss) 9,108 1 (411 ) 8,698 As of July 31, 2017 $ 85,677 $ 198 $ (397 ) $ 85,478 Currency Translation Adjustments Available-for-sale securities Hedging Contracts Total Balance, January 31, 2016 $ 68,265 $ 189 $ 51 $ 68,505 Other comprehensive income before reclassifications 14,832 2 153 14,987 Amounts reclassified from accumulated other comprehensive income (1) — — (79 ) (79 ) Net current-period other comprehensive income 14,832 2 74 14,908 As of July 31, 2016 $ 83,097 $ 191 $ 125 $ 83,413 (1) Amounts reclassified to earnings in the Consolidated Statements of Operations.

Treasury Stock

Treasury Stock	6 Months Ended
	Jul. 31, 2017
Equity [Abstract]
Treasury Stock	NOTE 13 – TREASURY STOCK On August 29, 2017, 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 August 29, 2020. On March 31, 2016, the Board approved a share repurchase program under which the Company was authorized to purchase up to $50.0 million of its outstanding common stock from time to time, depending on market conditions, share price and other factors. This program authorized the Company to purchase shares of its common stock through open market purchases, repurchase plans, block trades or otherwise. As of August 29, 2017, this program was canceled and a new share repurchase program was simultaneously approved. During the six months ended July 31, 2017, the Company repurchased a total of 71,507 shares of its common stock at a total cost of approximately $1.7 million or an average cost of $23.15 per share, which included 20,000 shares repurchased from the Movado Group Foundation at a total cost of approximately $0.5 million or $22.90 average per share. During the six months ended July 31, 2016, the Company repurchased a total of 119,499 shares of its common stock at a total cost of approximately $2.9 million or an average cost of $23.92 per share, which included 15,000 shares repurchased from the Movado Group Foundation at a total cost of approximately $0.4 million or $27.67 average per share. There were 32,045 and 46,947 shares of common stock repurchased during the six months ended July 31, 2017 and 2016, respectively, as a result of the surrender of shares in connection with the vesting of certain stock awards. At the election of an employee, shares having an aggregate value on the vesting date equal to the employee’s withholding tax obligation may be surrendered to the Company to fund the payment of such taxes.

Accounting Changes and Recent A

Accounting Changes and Recent Accounting Pronouncements	6 Months Ended
	Jul. 31, 2017
Accounting Changes And Error Corrections [Abstract]
Accounting Changes and Recent Accounting Pronouncements	NOTE 14 – ACCOUNTING CHANGES AND RECENT ACCOUNTING PRONOUNCEMENTS On January 26, 2017, FASB issued ASU 2017-04, “Intangibles - Goodwill and Other: Simplifying the Test for Goodwill Impairment,” which eliminates the requirement to calculate the implied fair value when calculating goodwill, essentially eliminating step two from the goodwill impairment test. The new standard requires goodwill impairment to be based upon the results of step one of the impairment test, which evaluates the extent, if any, by which the carrying value of a reporting unit exceeds its fair value, with any resulting impairment not exceeding the carrying amount of goodwill. The Company early adopted ASU 2017-04 on a prospective basis during the second quarter of fiscal 2018 in light of goodwill in the period, associated with the acquisition of the Olivia Burton brand (see Note 17 – Acquisitions). If the Company's goodwill becomes impaired, the adoption of ASU 2017-04 could make the impairment recorded materially different from what would have been recorded under the previous standard. On January 5, 2017, FASB issued ASU 2017-01, “Business Combinations: Clarifying the Definition of a Business,” which clarifies the definition of a business. The objective of this ASU is to assist entities in determining whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The Company early adopted ASU 2017-01 on a prospective basis during the second quarter of fiscal 2018, in connection with the acquisition of the Olivia Burton brand (see Note 17 – Acquisitions). The adoption of this standard did not have a material impact on the Company’s consolidated results of operations or financial position. On March 30, 2016, FASB issued ASU 2016-09, “Improvements to Employee Share-Based Payment Accounting,” 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 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 assessing the impact of the guidance by reviewing its current accounting policies and practices to identify differences, if any, that will result from applying the new requirements to its existing agreements, including evaluation of its performance obligations, return policy, customer payments and principal versus agent consideration. The Company is assessing how it determines its transaction price in relation to its customer agreements. The Company will continue evaluating the impact, if any, on changes to the business processes, systems and controls to support recognition and disclosure under the new guidance. The Company is still evaluating the impact of the adoption of this guidance on the Company’s consolidated financial statements. The Company expects to adopt the new guidance in the beginning of fiscal 2019.

Operating Efficiency Initiative

Operating Efficiency Initiatives and Other Items	6 Months Ended
	Jul. 31, 2017
Restructuring And Related Activities [Abstract]
Operating Efficiency Initiatives and Other Items	NOTE 15 – 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, 2017 Cash payments Foreign exchange Accrued balance at July 31, 2017 Severance $ 78 $ (1 ) $ 4 $ 81 Occupancy charges 330 (65 ) 10 275 Total $ 408 $ (66 ) $ 14 $ 356

Cost Savings Initiatives

Cost Savings Initiatives	6 Months Ended
	Jul. 31, 2017
Restructuring And Related Activities [Abstract]
Cost Savings Initiatives	NOTE 16 – COST SAVINGS INITIATIVES As a result of actions taken by the Company in the first quarter of fiscal 2018 to better align its global infrastructure with the current business environment by consolidating certain operations and streamlining functions to reduce costs and improve profitability, the Company recorded $6.3 million of pre-tax expenses primarily for severance and payroll related, other and occupancy charges, predominantly impacting the Company’s North American and Swiss operations. The Company recorded an additional $0.1 million of pre-tax expenses in the second quarter of fiscal 2018 related to Other. The Company expects the cost savings initiatives to be substantially completed by the end of fiscal 2018. A summary rollforward of costs related to the cost savings initiatives is as follows (in thousands): Fiscal 2018 Charges (2) Cash payments Non-cash adjustments Foreign exchange Accrued balance at July 31, 2017 Severance and payroll related (1) $ 5,943 $ (4,243 ) $ (153 ) $ 73 $ 1,620 Other (1) 377 (27 ) (13 ) 29 366 Occupancy charges (1) 99 (11 ) — 9 97 Total $ 6,419 $ (4,281 ) $ (166 ) $ 111 $ 2,083 (1) The total severance and payroll related charges of $5.9 million include $4.5 million in SG&A and $1.4 million in Cost of Sales in the Consolidated Statement of Operations for the six months ended July 31, 2017. The other charges of $0.4 million and occupancy charges of $0.1 million are included in SG&A in the Consolidated Statement of Operations for the six months ended July 31, 2017. ( 2 ) The United States and International locations of the Wholesale segment include a pre-tax charge of $3.8 million and $2.6 million, respectively.

Acquisitions

Acquisitions	6 Months Ended
	Jul. 31, 2017
Business Combinations [Abstract]
Acquisitions	NOTE 17 – ACQUISITIONS On July 3, 2017, the Company, through a wholly-owned U.K. subsidiary, acquired JLB Brands Ltd., the owner of the Olivia Burton brand, one of the United Kingdom’s fastest growing fashion watch and jewelry brands, for $78.2 million, or £60.0 million in cash, subject to working capital and other closing adjustments. After giving effect to the closing adjustments, the purchase price was $79.0 million, or £60.7 million, net of cash acquired of approximately $5.9 million, or £4.5 million. The acquisition was funded with cash on hand of the Company’s non-U.S. subsidiaries, and no debt was assumed in the acquisition. The acquisition adds a new brand with significant global growth potential to the Company’s portfolio. The results of the Olivia Burton brand’s operations have been included in the consolidated financial statements since the date of acquisition within the International location of the Wholesale segment. In the United States and International locations of the Wholesale segment, for the three months ended July 31, 2017, operating income / (loss) included $0.2 million and $4.3 million, respectively, of expenses primarily related to transaction costs and adjustments in acquisition accounting, as a result of the Company’s acquisition of the Olivia Burton brand. The acquisition was accounted for in accordance with FASB Topic ASC 805 (“Business Combinations”), which requires that the total cost of an acquisition be allocated to the tangible and intangible assets acquired and liabilities assumed based upon their respective fair values at the date of acquisition. The following table summarizes the fair value of the assets acquired and liabilities assumed as of the July 3, 2017 acquisition date (in thousands): Assets Acquired and Liabilities Assumed Fair Value Cash and cash equivalents $ 5,909 Trade receivables, net 3,106 Inventories 4,164 Prepaid expenses and other current assets 913 Property, plant and equipment, net 131 Goodwill 55,322 Trade name and other intangibles 21,415 Total assets acquired 90,960 Accounts payable 608 Accrued liabilities 844 Income taxes payable 643 Deferred and non-current income taxes payable 3,965 Total liabilities assumed 6,060 Total purchase price $ 84,900 Inventories include a step-up adjustment of approximately $0.8 million, which is being amortized over three months. The components of Trade name and other intangibles include a trade name of approximately $12.8 million (amortized over 10 years), and customer relationships of $8.6 million (amortized over 6 years). The Company recorded goodwill of $55.3 million based on the amount by which the purchase price exceeded the fair value of the net assets acquired. Goodwill is not deductible for income tax purposes. The operating results of the Olivia Burton brand have been included in the Company’s Consolidated Financial Statements beginning July 3, 2017. Net sales of the acquired Olivia Burton brand since the date of acquisition through July 31, 2017 were $0.9 million. The Olivia Burton brand’s net income since the date of acquisition was $0.1 million. The following table provides the Company’s unaudited pro forma net sales, net income and net income per basic and diluted common share as if the results of operations of the Olivia Burton brand had been included in the Company’s operations commencing on February 1, 2016, based on available information relating to operations of the Olivia Burton brand. This pro forma information is not necessarily indicative either of the combined results of operations that actually would have been realized by the Company had the Olivia Burton brand acquisition been consummated at the beginning of the period for which the pro forma information is presented, or of future results. Six Months Ended July 31, 2017 2016 (In thousands, except per share data) (Unaudited) Net sales $ 239,309 $ 248,136 Net income $ 6,214 $ 9,770 Basic income per share: Net income per share attributed to Movado Group, Inc. $ 0.27 $ 0.42 Diluted income per share: Net income per share attributed to Movado Group, Inc. $ 0.27 $ 0.42 The change in the carrying amount of the Company’s goodwill, which is included in the International location of the Wholesale segment, is as follows (in thousands): Total Balance at January 31, 2017 $ — Acquisition of the Olivia Burton brand 55,322 Foreign exchange impact 794 Balance at July 31, 2017 $ 56,116 Trade name and other intangible assets consist of the following (in thousands): Three months ended July 31, 2017 Gross carrying amount Accumulated amortization Foreign exchange Net Intangible assets subject to amortization: Trade name $ 12,766 $ (108) $ 184 $ 12,842 Customer relationships 8,598 (121) 123 8,600 Total intangible assets $ 21,364 $ (229) $ 307 $ 21,442

Subsequent Event

Subsequent Event	6 Months Ended
	Jul. 31, 2017
Subsequent Events [Abstract]
Subsequent Event	NOTE 18 – SUBSEQUENT EVENT On August 29, 2017, 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 August 29, 2020.

Changes to Critical Accountin27

Changes to Critical Accounting Policies (Policies)	6 Months Ended
	Jul. 31, 2017
Accounting Policies [Abstract]
Intangibles	Intangibles In accordance with applicable guidance, the Company estimates and records the fair value of purchased intangible assets at the time of its acquisition, which in the acquisition of the Olivia Burton brand primarily consist of a trade name and customer relationships. The fair values of these intangible assets are estimated based on independent third-party appraisals. Finite-lived intangible assets are amortized over their respective estimated useful lives and are evaluated for impairment periodically whenever events or changes in circumstances indicate that their related carrying values may not be fully recoverable. Estimates of fair value for finite-lived intangible assets are primarily determined using discounted cash flows, with consideration of market comparisons and recent transactions. This approach may use significant estimates and assumptions, including projected future cash flows, discount rates and growth rates.
Goodwill	Goodwill At the time of acquisition, in accordance with applicable guidance, the Company records all acquired net assets at their estimated fair values. These estimated fair values are based on management’s assessments and independent third-party appraisals. The excess of the purchase consideration over the aggregate estimated fair values of the acquired net assets is recorded as goodwill. Goodwill will not be amortized but will be assessed for impairment at least annually. Under applicable guidance, the Company generally performs its annual goodwill impairment analysis using a qualitative approach to determine whether it is more likely than not that the fair value of goodwill is less than its carrying value. If, based on the results of the qualitative assessment, it is concluded that it is more likely than not that the fair value of goodwill is less than its carrying value, a quantitative test is performed. The Company early adopted ASU 2017-04 “Intangibles - Goodwill and Other: Simplifying the Test for Goodwill Impairment” (see Note 14 – Accounting Changes and Recent Accounting Pronouncements) on a prospective basis during the second quarter of fiscal 2018 in light of goodwill in the period, associated with the acquisition of the Olivia Burton brand. The quantitative impairment test is performed to measure the amount of impairment loss, if any. The quantitative impairment test identifies the existence of potential impairment by comparing the fair value of each reporting unit with its carrying value, including goodwill. If a reporting unit’s carrying amount exceeds its fair value, the Company will record an impairment charge, as an operating expense item, based on that difference. The impairment charge will be limited to the amount of goodwill allocated to that reporting unit. Determination of the fair value of a reporting unit and the fair value of individual assets and liabilities of a reporting unit is based on management's assessment, including the consideration of independent third-party appraisals when necessary. Furthermore, this determination is subjective in nature and involves the use of significant estimates and assumptions. These estimates and assumptions could have a significant impact on whether or not an impairment charge is recognized and the amount of any such charge. Estimates of fair value are primarily determined using discounted cash flows, market comparisons, and recent transactions. These approaches use significant estimates and assumptions, including projected future cash flows, discount rates, growth rates, and determination of appropriate market comparisons.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jul. 31, 2017
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables present the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis (in thousands) as of July 31, 2017 and 2016 and January 31, 2017: Fair Value at July 31, 2017 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 313 $ — $ — $ 313 Short-term investment Other current assets 161 — — 161 SERP assets - employer Other non-current assets 1,394 — — 1,394 SERP assets - employee Other non-current assets 34,007 — — 34,007 Hedge derivatives Other current assets — 402 — 402 Total $ 35,875 $ 402 $ — $ 36,277 Liabilities: SERP liabilities - employee Other non-current liabilities $ 34,007 $ — $ — $ 34,007 Hedge derivatives Accrued liabilities — 489 — 489 Total $ 34,007 $ 489 $ — $ 34,496 Fair Value at January 31, 2017 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 309 $ — $ — $ 309 Short-term investment Other current assets 154 — — 154 SERP assets - employer Other non-current assets 1,091 — — 1,091 SERP assets - employee Other non-current assets 30,831 — — 30,831 Hedge derivatives Other current assets — 145 — 145 Total $ 32,385 $ 145 $ — $ 32,530 Liabilities: SERP liabilities - employee Other non-current liabilities $ 30,831 $ — $ — $ 30,831 Hedge derivatives Accrued liabilities — 211 — 211 Total $ 30,831 $ 211 $ — $ 31,042 Fair Value at July 31, 2016 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 271 $ — $ — $ 271 Short-term investment Other current assets 154 — — 154 SERP assets - employer Other non-current assets 1,364 — — 1,364 SERP assets - employee Other non-current assets 28,469 — — 28,469 Hedge derivatives Other current assets — 549 — 549 Total $ 30,258 $ 549 $ — $ 30,807 Liabilities: SERP liabilities - employee Other non-current liabilities $ 28,469 $ — $ — $ 28,469 Hedge derivatives Accrued liabilities — 92 — 92 Total $ 28,469 $ 92 $ — $ 28,561

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jul. 31, 2017
Equity [Abstract]
Components of Equity	The components of equity for the six months ended July 31, 2017 and 2016 are as follows (in thousands): Movado Group, Inc. Shareholders' Equity Common Stock Class Common Stock Capital Excess Par Retained Earnings Treasury Stock Accumulated Other Comprehensive Income Noncontrolling Interests Total Balance, January 31, 2017 $ 272 $ 66 $ 185,354 $ 415,919 $ (204,398 ) $ 76,780 $ — $ 473,993 Net income 1,323 1,323 Dividends (5,967 ) (5,967 ) Stock repurchase (1,655 ) (1,655 ) Stock options exercised 1 1 (1 ) (734 ) (733 ) Supplemental executive retirement plan 66 66 Stock-based compensation expense 2,433 2,433 Net unrealized gain on investments, net of tax of $0 1 1 Net change in effective portion of hedging contracts, net of tax benefit of $79 (411 ) (411 ) Foreign currency translation adjustment (3) 9,108 9,108 Balance, July 31, 2017 $ 273 $ 67 $ 187,852 $ 411,275 $ (206,787 ) $ 85,478 $ — $ 478,158 Common Stock Class Common Stock Capital Excess Par Retained Earnings Treasury Stock Accumulated Other Comprehensive Income Noncontrolling Interests Total Balance, January 31, 2016 $ 270 $ 66 $ 178,118 $ 392,788 $ (199,195 ) $ 68,505 $ 595 $ 441,147 Net income 9,614 78 9,692 Dividends (5,970 ) (5,970 ) Stock repurchase (2,858 ) (2,858 ) Stock options exercised, net of tax of $160 1 (78 ) (1,331 ) (1,408 ) Supplemental executive retirement plan 119 119 Stock-based compensation expense 4,026 4,026 Net unrealized gain on investments, net of tax benefit of $3 2 2 Net change in effective portion of hedging contracts, net of tax of $14 74 74 Foreign currency translation adjustment (3) 14,832 (24 ) 14,808 Balance, July 31, 2016 $ 271 $ 66 $ 182,185 $ 396,432 $ (203,384 ) $ 83,413 $ 649 $ 459,632 (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 Inform30

Segment and Geographic Information (Tables)	6 Months Ended
	Jul. 31, 2017
Segment Reporting [Abstract]
Operating Segment Data	Operating Segment Data for the Three Months Ended July 31, 2017 and 2016 (in thousands): Net Sales 2017 2016 Wholesale: Owned brands category $ 46,339 $ 46,643 Licensed brands category 62,529 61,571 After-sales service and all other 2,150 2,997 Total Wholesale 111,018 111,211 Retail 17,763 16,875 Consolidated total $ 128,781 $ 128,086 Operating Income (3) (4) 2017 2016 Wholesale $ 4,797 $ 6,633 Retail 3,520 3,458 Consolidated total $ 8,317 $ 10,091 Operating Segment Data for the Six Months Ended July 31, 2017 and 2016 (in thousands): Net Sales 2017 2016 Wholesale: Owned brands category $ 79,481 $ 88,679 Licensed brands category 113,899 118,411 After-sales service and all other 4,798 6,079 Total Wholesale 198,178 213,169 Retail 29,868 28,980 Consolidated total $ 228,046 $ 242,149 Operating Income (3) (4) 2017 2016 Wholesale $ 309 $ 11,201 Retail 4,360 4,268 Consolidated total $ 4,669 $ 15,469 Total Assets July 31, 2017 January 31, 2017 July 31, 2016 Wholesale $ 609,893 $ 584,518 $ 575,903 Retail 24,180 23,284 22,833 Consolidated total $ 634,073 $ 607,802 $ 598,736
Geographic Segment Data	Geographic Location Data for the Three Months Ended July 31, 2017 and 2016 (in thousands): Net Sales Operating Income / (Loss) (3) (4) 2017 2016 2017 2016 United States (1) $ 61,845 $ 66,823 $ 1,401 $ (392 ) International (2) 66,936 61,263 6,916 10,483 Consolidated total $ 128,781 $ 128,086 $ 8,317 $ 10,091 United States and International net sales are net of intercompany sales of $62.3 million and $72.4 million for the three months ended July 31, 2017 and 2016, respectively. Geographic Location Data for the Six Months Ended July 31, 2017 and 2016 (in thousands): Net Sales Operating (Loss) / Income (3) (4) 2017 2016 2017 2016 United States (1) $ 106,640 $ 126,880 $ (8,380 ) $ (1,785 ) International (2) 121,406 115,269 13,049 17,254 Consolidated total $ 228,046 $ 242,149 $ 4,669 $ 15,469 United States and International net sales are net of intercompany sales of $124.6 million and $155.9 million for the six months ended July 31, 2017 and 2016, respectively. (1) The United States operating income / (loss) included $7.2 million and $10.0 million of unallocated corporate expenses for the three months ended July 31, 2017 and 2016, respectively. The United States operating loss included $13.4 million and $18.7 million of unallocated corporate expenses for the six months ended July 31, 2017 and 2016, respectively. (2) The International operating income included $7.9 million and $9.4 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended July 31, 2017 and 2016, respectively. The International operating income included $15.5 million and $16.5 million of certain intercompany profits related to the Company’s supply chain operations for the six months ended July 31, 2017 and 2016, respectively. (3) In the International location of the Wholesale segment, for the three months ended July 31, 2017, operating income included a pre-tax charge of $0.1 million, as a result of the Company’s cost savings initiatives. In the United States and International locations of the Wholesale segment, for the six months ended July 31, 2017, operating (loss) / income included a pre-tax charge of $3.8 million and $2.6 million, respectively, as a result of the Company’s cost savings initiatives. (4) In the United States and International locations of the Wholesale segment, for both the three and the six months ended July 31, 2017, operating income / (loss) included $0.2 million and $4.3 million, respectively, of expenses primarily related to transaction costs and adjustments in acquisition accounting, as a result of the Company’s acquisition of the Olivia Burton brand. Total Assets July 31, 2017 January 31, 2017 July 31, 2016 United States $ 216,929 $ 207,246 $ 221,081 International 417,144 400,556 377,655 Consolidated total $ 634,073 $ 607,802 $ 598,736 Property, Plant and Equipment, Net July 31, 2017 January 31, 2017 July 31, 2016 United States $ 17,521 $ 19,197 $ 21,686 International 13,891 14,976 14,040 Consolidated total $ 31,412 $ 34,173 $ 35,726

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jul. 31, 2017
Inventory Disclosure [Abstract]
Components of Inventories	Inventories consisted of the following (in thousands): July 31, 2017 January 31, 2017 July 31, 2016 Finished goods $ 132,659 $ 112,297 $ 134,421 Component parts 41,932 38,482 47,717 Work-in-process 2,376 2,388 3,952 $ 176,967 $ 153,167 $ 186,090

Derivative Financial Instrume32

Derivative Financial Instruments (Tables)	6 Months Ended
	Jul. 31, 2017
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Fair Value and Presentation of Derivatives	The following table summarizes the fair value and presentation in the Consolidated Balance Sheets for derivatives (in thousands): Asset Derivatives Liability Derivatives Balance Sheet Location July 31, 2017 Fair Value January 31, 2017 Fair Value July 31, 2016 Fair Value Balance Sheet Location July 31, 2017 Fair Value January 31, 2017 Fair Value July 31, 2016 Fair Value Derivatives not designated as hedging instruments: Foreign Exchange Contracts Other Current Assets $ 402 $ 145 $ 355 Accrued Liabilities $ 25 $ 211 $ 92 Total Derivative Instruments $ 402 $ 145 $ 355 $ 25 $ 211 $ 92 Asset Derivatives Liability Derivatives Balance Sheet Location July 31, 2017 Fair Value January 31, 2017 Fair Value July 31, 2016 Fair Value Balance Sheet Location July 31, 2017 Fair Value January 31, 2017 Fair Value July 31, 2016 Fair Value Derivatives designated as hedging instruments: Foreign Exchange Contracts Other Current Assets $ — $ — $ 194 Accrued Liabilities $ 464 $ — $ — Total Derivative Instruments $ — $ — $ 194 $ 464 $ — $ —

Accumulated Other Comprehensi33

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Jul. 31, 2017
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, 2017 $ 76,569 $ 197 $ 14 $ 76,780 Other comprehensive income before reclassifications 9,108 1 31 9,140 Amounts reclassified from accumulated other comprehensive income (1) — — (442 ) (442) Net current-period other comprehensive income / (loss) 9,108 1 (411 ) 8,698 As of July 31, 2017 $ 85,677 $ 198 $ (397 ) $ 85,478 Currency Translation Adjustments Available-for-sale securities Hedging Contracts Total Balance, January 31, 2016 $ 68,265 $ 189 $ 51 $ 68,505 Other comprehensive income before reclassifications 14,832 2 153 14,987 Amounts reclassified from accumulated other comprehensive income (1) — — (79 ) (79 ) Net current-period other comprehensive income 14,832 2 74 14,908 As of July 31, 2016 $ 83,097 $ 191 $ 125 $ 83,413 (1) Amounts reclassified to earnings in the Consolidated Statements of Operations.

Operating Efficiency Initiati34

Operating Efficiency Initiatives and Other Items (Tables)	6 Months Ended
	Jul. 31, 2017
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, 2017 Cash payments Foreign exchange Accrued balance at July 31, 2017 Severance $ 78 $ (1 ) $ 4 $ 81 Occupancy charges 330 (65 ) 10 275 Total $ 408 $ (66 ) $ 14 $ 356

Cost Savings Initiatives (Table

Cost Savings Initiatives (Tables)	6 Months Ended
	Jul. 31, 2017
Restructuring And Related Activities [Abstract]
Summary of Costs Related to Cost Savings Initiatives	A summary rollforward of costs related to the cost savings initiatives is as follows (in thousands): Fiscal 2018 Charges (2) Cash payments Non-cash adjustments Foreign exchange Accrued balance at July 31, 2017 Severance and payroll related (1) $ 5,943 $ (4,243 ) $ (153 ) $ 73 $ 1,620 Other (1) 377 (27 ) (13 ) 29 366 Occupancy charges (1) 99 (11 ) — 9 97 Total $ 6,419 $ (4,281 ) $ (166 ) $ 111 $ 2,083 (1) The total severance and payroll related charges of $5.9 million include $4.5 million in SG&A and $1.4 million in Cost of Sales in the Consolidated Statement of Operations for the six months ended July 31, 2017. The other charges of $0.4 million and occupancy charges of $0.1 million are included in SG&A in the Consolidated Statement of Operations for the six months ended July 31, 2017. ( 2 ) The United States and International locations of the Wholesale segment include a pre-tax charge of $3.8 million and $2.6 million, respectively.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jul. 31, 2017
Business Combinations [Abstract]
Summary of Fair Value of Assets Acquired and Liabilities Assumed at Acquisition Date	The following table summarizes the fair value of the assets acquired and liabilities assumed as of the July 3, 2017 acquisition date (in thousands): Assets Acquired and Liabilities Assumed Fair Value Cash and cash equivalents $ 5,909 Trade receivables, net 3,106 Inventories 4,164 Prepaid expenses and other current assets 913 Property, plant and equipment, net 131 Goodwill 55,322 Trade name and other intangibles 21,415 Total assets acquired 90,960 Accounts payable 608 Accrued liabilities 844 Income taxes payable 643 Deferred and non-current income taxes payable 3,965 Total liabilities assumed 6,060 Total purchase price $ 84,900
Summary of Unaudited Pro Forma Information	The following table provides the Company’s unaudited pro forma net sales, net income and net income per basic and diluted common share as if the results of operations of the Olivia Burton brand had been included in the Company’s operations commencing on February 1, 2016, based on available information relating to operations of the Olivia Burton brand. This pro forma information is not necessarily indicative either of the combined results of operations that actually would have been realized by the Company had the Olivia Burton brand acquisition been consummated at the beginning of the period for which the pro forma information is presented, or of future results. Six Months Ended July 31, 2017 2016 (In thousands, except per share data) (Unaudited) Net sales $ 239,309 $ 248,136 Net income $ 6,214 $ 9,770 Basic income per share: Net income per share attributed to Movado Group, Inc. $ 0.27 $ 0.42 Diluted income per share: Net income per share attributed to Movado Group, Inc. $ 0.27 $ 0.42
Summary of Company's Goodwill by Segment	The change in the carrying amount of the Company’s goodwill, which is included in the International location of the Wholesale segment, is as follows (in thousands): Total Balance at January 31, 2017 $ — Acquisition of the Olivia Burton brand 55,322 Foreign exchange impact 794 Balance at July 31, 2017 $ 56,116
Summary of Trade Name and Other Intangible Assets	Trade name and other intangible assets consist of the following (in thousands): Three months ended July 31, 2017 Gross carrying amount Accumulated amortization Foreign exchange Net Intangible assets subject to amortization: Trade name $ 12,766 $ (108) $ 184 $ 12,842 Customer relationships 8,598 (121) 123 8,600 Total intangible assets $ 21,364 $ (229) $ 307 $ 21,442

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Jul. 31, 2017	Jan. 31, 2017	Jul. 31, 2016
Assets:
Total assets measured at fair value	$ 36,277	$ 32,530	$ 30,807
Liabilities:
Total liabilities measured at fair value	34,496	31,042	28,561
Level 1
Assets:
Total assets measured at fair value	35,875	32,385	30,258
Liabilities:
Total liabilities measured at fair value	34,007	30,831	28,469
Level 2
Assets:
Total assets measured at fair value	402	145	549
Liabilities:
Total liabilities measured at fair value	489	211	92
Other Current Assets | Available-for-sale securities
Assets:
Total assets measured at fair value	313	309	271
Other Current Assets | Short-term investment
Assets:
Total assets measured at fair value	161	154	154
Other Current Assets | Hedge derivatives-Assets
Assets:
Total assets measured at fair value	402	145	549
Other Current Assets | Level 1 | Available-for-sale securities
Assets:
Total assets measured at fair value	313	309	271
Other Current Assets | Level 1 | Short-term investment
Assets:
Total assets measured at fair value	161	154	154
Other Current Assets | Level 2 | Hedge derivatives-Assets
Assets:
Total assets measured at fair value	402	145	549
Other non-current assets | SERP assets - employer
Assets:
Total assets measured at fair value	1,394	1,091	1,364
Other non-current assets | SERP assets - employee
Assets:
Total assets measured at fair value	34,007	30,831	28,469
Other non-current assets | Level 1 | SERP assets - employer
Assets:
Total assets measured at fair value	1,394	1,091	1,364
Other non-current assets | Level 1 | SERP assets - employee
Assets:
Total assets measured at fair value	34,007	30,831	28,469
Other non-current liabilities | SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	34,007	30,831	28,469
Other non-current liabilities | Level 1 | SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	34,007	30,831	28,469
Accrued Liabilities | Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	489	211	92
Accrued Liabilities | Level 2 | Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	$ 489	$ 211	$ 92

Fair Value Measurements (Deta38

Fair Value Measurements (Details Textual)	6 Months Ended
	Jul. 31, 2017
Short-term investment
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair value, investment	The fair value of the short-term investment, which is a guaranteed investment certificate, is based on its purchase price plus one half of a percent calculated annually

Equity (Details)

Equity (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017		Jul. 31, 2016
Beginning Balance				$ 473,993		$ 441,147
Net income		$ 5,482	$ 6,355	1,323		9,692
Dividends				(5,967)		(5,970)
Stock repurchase				(1,655)		(2,858)
Stock options exercised				(733)
Stock options exercised, net of tax						(1,408)
Supplemental executive retirement plan				66		119
Stock-based compensation expense				2,433		4,026
Net unrealized gain on investments, net of tax (benefit)		13	(4)	1		2
Net change in effective portion of hedging contracts, net of tax (benefit)		(266)	306	(411)		74
Foreign currency translation adjustments		10,838	(3,092)	9,108	[1]	14,808	[1]
Ending Balance		478,158	459,632	478,158		459,632
Common Stock Class Undefined
Beginning Balance	[2]			272		270
Stock options exercised	[2]			1
Stock options exercised, net of tax	[2]					1
Ending Balance	[2]	273	271	273		271
Class A Common Stock
Beginning Balance	[3]			66		66
Stock options exercised	[3]			1
Ending Balance	[3]	67	66	67		66
Capital in Excess of Par Value
Beginning Balance				185,354		178,118
Stock options exercised				(1)
Stock options exercised, net of tax						(78)
Supplemental executive retirement plan				66		119
Stock-based compensation expense				2,433		4,026
Ending Balance		187,852	182,185	187,852		182,185
Retained Earnings
Beginning Balance				415,919		392,788
Net income				1,323		9,614
Dividends				(5,967)		(5,970)
Ending Balance		411,275	396,432	411,275		396,432
Treasury Stock
Beginning Balance				(204,398)		(199,195)
Stock repurchase				(1,655)		(2,858)
Stock options exercised				(734)
Stock options exercised, net of tax						(1,331)
Ending Balance		(206,787)	(203,384)	(206,787)		(203,384)
Accumulated Other Comprehensive Income
Beginning Balance				76,780		68,505
Net unrealized gain on investments, net of tax (benefit)				1		2
Net change in effective portion of hedging contracts, net of tax (benefit)				(411)		74
Foreign currency translation adjustments	[1]			9,108		14,832
Ending Balance		$ 85,478	83,413	$ 85,478		83,413
Noncontrolling Interests
Beginning Balance						595
Net income						78
Foreign currency translation adjustments	[1]					(24)
Ending Balance			$ 649			$ 649
[1]	The currency translation adjustment is not adjusted for income taxes to the extent that it relates to permanent investments of earnings in international subsidiaries.
[2]	Each share of common stock is entitled to one vote per share on all matters submitted to a vote of the shareholders.
[3]	Each share of class A common stock is entitled to 10 votes per share on all matters submitted to a vote of the shareholders. Each holder of class A common stock is entitled to convert, at any time, any and all of such shares into the same number of shares of common stock. Each share of class A common stock is converted automatically into common stock in the event that the beneficial or record ownership of such shares of class A common stock is transferred to any person, except to certain family members or affiliated persons deemed “permitted transferees” pursuant to the Company’s Restated Certificate of Incorporation as amended. The class A common stock is not publicly traded, and consequently, there is currently no established public trading market for these shares.

Equity (Details) (Parenthetical

Equity (Details) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Stock options exercised, tax				$ 160
Net unrealized gain on investments, tax (benefit)	$ 6	$ (5)	$ 0	(3)
Net change in effective portion of hedging contracts, tax (benefit)	$ (53)	$ 60	$ (79)	$ 14
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 Inform41

Segment and Geographic Information (Details Textual) $ in Thousands		3 Months Ended				6 Months Ended
		Jul. 31, 2017USD ($)	Jul. 31, 2016USD ($)	Jan. 31, 2016USD ($)	Apr. 30, 2015USD ($)	Jul. 31, 2017USD ($)SegmentLocation	Jul. 31, 2016USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | Segment						2
Number of geographic locations | Location						2
Net sales		$ 128,781	$ 128,086			$ 228,046	$ 242,149
Unallocated corporate expenses		7,200	10,000			13,400	18,700
Profits related to the company's supply chain operations		7,900	9,400			15,500	16,500
Pre-tax charges				$ 1,300	$ 2,700
Wholesale
Segment Reporting Information [Line Items]
Net sales		111,018	111,211			198,178	213,169
Intersegment Eliminations
Segment Reporting Information [Line Items]
Net sales		62,300	72,400			124,600	155,900
United States
Segment Reporting Information [Line Items]
Net sales	[1]	61,845	66,823			106,640	126,880
United States | Wholesale
Segment Reporting Information [Line Items]
Expenses primarily related to transaction costs and adjustments in acquisition accounting		200				200
United States | Wholesale | Cost Savings Initiatives
Segment Reporting Information [Line Items]
Pre-tax charges						3,800
International
Segment Reporting Information [Line Items]
Net sales	[2]	66,936	$ 61,263			121,406	$ 115,269
International | Wholesale
Segment Reporting Information [Line Items]
Expenses primarily related to transaction costs and adjustments in acquisition accounting		4,300				4,300
International | Wholesale | Cost Savings Initiatives
Segment Reporting Information [Line Items]
Pre-tax charges		$ 100				$ 2,600
Geographic Concentration Risk | Europe | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution		26.40%	22.30%			27.80%	22.80%
Geographic Concentration Risk | the Americas (excluding the United States) | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution		10.20%	8.30%			10.40%	9.20%
Geographic Concentration Risk | Middle East | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution		9.30%	10.00%			8.90%	9.30%
Geographic Concentration Risk | Asia | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution		6.10%	7.20%			6.10%	6.30%
[1]	The United States operating income / (loss) included $7.2 million and $10.0 million of unallocated corporate expenses for the three months ended July 31, 2017 and 2016, respectively. The United States operating loss included $13.4 million and $18.7 million of unallocated corporate expenses for the six months ended July 31, 2017 and 2016, respectively.
[2]	The International operating income included $7.9 million and $9.4 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended July 31, 2017 and 2016, respectively. The International operating income included $15.5 million and $16.5 million of certain intercompany profits related to the Company’s supply chain operations for the six months ended July 31, 2017 and 2016, respectively.

Segment and Geographic Inform42

Segment and Geographic Information (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016	Jan. 31, 2017
Operating segment data
Net sales		$ 128,781	$ 128,086	$ 228,046	$ 242,149
Operating Income	[1],[2]	8,317	10,091	4,669	15,469
Total Assets		634,073	598,736	634,073	598,736	$ 607,802
Wholesale
Operating segment data
Net sales		111,018	111,211	198,178	213,169
Operating Income	[1],[2]	4,797	6,633	309	11,201
Total Assets		609,893	575,903	609,893	575,903	584,518
Wholesale | Owned brands category
Operating segment data
Net sales		46,339	46,643	79,481	88,679
Wholesale | Licensed brands category
Operating segment data
Net sales		62,529	61,571	113,899	118,411
Wholesale | After-sales service and all other
Operating segment data
Net sales		2,150	2,997	4,798	6,079
Retail
Operating segment data
Net sales		17,763	16,875	29,868	28,980
Operating Income	[1],[2]	3,520	3,458	4,360	4,268
Total Assets		$ 24,180	$ 22,833	$ 24,180	$ 22,833	$ 23,284
[1]	In the International location of the Wholesale segment, for the three months ended July 31, 2017, operating income included a pre-tax charge of $0.1 million, as a result of the Company’s cost savings initiatives. In the United States and International locations of the Wholesale segment, for the six months ended July 31, 2017, operating (loss) / income included a pre-tax charge of $3.8 million and $2.6 million, respectively, as a result of the Company’s cost savings initiatives.
[2]	In the United States and International locations of the Wholesale segment, for both the three and the six months ended July 31, 2017, operating income / (loss) included $0.2 million and $4.3 million, respectively, of expenses primarily related to transaction costs and adjustments in acquisition accounting, as a result of the Company’s acquisition of the Olivia Burton brand.

Segment and Geographic Inform43

Segment and Geographic Information (Details 1) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016	Jan. 31, 2017
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales		$ 128,781	$ 128,086	$ 228,046	$ 242,149
Operating Income / (Loss)	[1],[2]	8,317	10,091	4,669	15,469
Total Assets		634,073	598,736	634,073	598,736	$ 607,802
Property, Plant and Equipment, Net		31,412	35,726	31,412	35,726	34,173
United States
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	[3]	61,845	66,823	106,640	126,880
Operating Income / (Loss)	[1],[2],[3]	1,401	(392)	(8,380)	(1,785)
Total Assets		216,929	221,081	216,929	221,081	207,246
Property, Plant and Equipment, Net		17,521	21,686	17,521	21,686	19,197
International
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	[4]	66,936	61,263	121,406	115,269
Operating Income / (Loss)	[1],[2],[4]	6,916	10,483	13,049	17,254
Total Assets		417,144	377,655	417,144	377,655	400,556
Property, Plant and Equipment, Net		$ 13,891	$ 14,040	$ 13,891	$ 14,040	$ 14,976
[1]	In the International location of the Wholesale segment, for the three months ended July 31, 2017, operating income included a pre-tax charge of $0.1 million, as a result of the Company’s cost savings initiatives. In the United States and International locations of the Wholesale segment, for the six months ended July 31, 2017, operating (loss) / income included a pre-tax charge of $3.8 million and $2.6 million, respectively, as a result of the Company’s cost savings initiatives.
[2]	In the United States and International locations of the Wholesale segment, for both the three and the six months ended July 31, 2017, operating income / (loss) included $0.2 million and $4.3 million, respectively, of expenses primarily related to transaction costs and adjustments in acquisition accounting, as a result of the Company’s acquisition of the Olivia Burton brand.
[3]	The United States operating income / (loss) included $7.2 million and $10.0 million of unallocated corporate expenses for the three months ended July 31, 2017 and 2016, respectively. The United States operating loss included $13.4 million and $18.7 million of unallocated corporate expenses for the six months ended July 31, 2017 and 2016, respectively.
[4]	The International operating income included $7.9 million and $9.4 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended July 31, 2017 and 2016, respectively. The International operating income included $15.5 million and $16.5 million of certain intercompany profits related to the Company’s supply chain operations for the six months ended July 31, 2017 and 2016, respectively.

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jul. 31, 2017	Jan. 31, 2017	Jul. 31, 2016
Inventory Net [Abstract]
Finished goods	$ 132,659	$ 112,297	$ 134,421
Component parts	41,932	38,482	47,717
Work-in-process	2,376	2,388	3,952
Inventories	$ 176,967	$ 153,167	$ 186,090

Debt and Lines of Credit (Detai

Debt and Lines of Credit (Details Textual)	6 Months Ended
	Jul. 31, 2017USD ($)CreditFacilityBankSubsidiary	Jul. 31, 2017CHF (SFr)CreditFacilityBankSubsidiary	Jan. 31, 2017USD ($)	Jul. 31, 2016USD ($)BankSubsidiary	Jul. 31, 2016CHF (SFr)BankSubsidiary	Jan. 30, 2015USD ($)
Debt Instrument [Line Items]
Outstanding balance under facility, current	$ 5,000,000		$ 5,000,000	$ 3,000,000
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
Secured Debt | Credit Agreement Due on January 30, 2020
Debt Instrument [Line Items]
Letter of credit outstanding amount	$ 300,000
Secured Debt | Credit Agreement Due on January 30, 2020 | Maximum
Debt Instrument [Line Items]
Consolidated leverage ratio	2.50%	2.50%
Unsecured Debt | Swiss subsidiary
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 6,700,000	SFr 6,500,000		5,200,000	SFr 5,000,000
Outstanding borrowing amount	$ 0			$ 0
Revolving Credit Facility | Secured Debt | Credit Agreement Due on January 30, 2020
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity						$ 100,000,000
Uncommitted increase to borrowing capacity						50,000,000
Credit facility matures date	Jan. 30, 2020
Loan drawn under the facility	$ 30,000,000
Line of credit facility remaining borrowing capacity	69,700,000
Outstanding balance under facility, current	$ 5,000,000
Revolving Credit Facility | Secured Debt | Credit Agreement Due on January 30, 2020 | LIBOR
Debt Instrument [Line Items]
Applicable margin rate	1.25%
Revolving Credit Facility | Secured Debt | Credit Agreement Due on January 30, 2020 | LIBOR | Minimum
Debt Instrument [Line Items]
Applicable margin rate	1.25%
Revolving Credit Facility | Secured Debt | Credit Agreement Due on January 30, 2020 | LIBOR | Maximum
Debt Instrument [Line Items]
Applicable margin rate	1.75%
Revolving Credit Facility | Secured Debt | Credit Agreement Due on January 30, 2020 | Base Rate
Debt Instrument [Line Items]
Applicable margin rate	0.25%
Revolving Credit Facility | Secured Debt | Credit Agreement Due on January 30, 2020 | Base Rate | Minimum
Debt Instrument [Line Items]
Applicable margin rate	0.25%
Revolving Credit Facility | Secured Debt | Credit Agreement Due on January 30, 2020 | Base Rate | Maximum
Debt Instrument [Line Items]
Applicable margin rate	0.75%
Letter of Credit
Debt Instrument [Line Items]
Credit facility matures date	May 31, 2018
Outstanding borrowing amount	$ 300,000
Letter of Credit | Secured Debt | Credit Agreement Due on January 30, 2020
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity						$ 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		3	3
Number of foreign subsidiaries under guaranteed obligation | Subsidiary	2	2		2	2
Guaranteed obligations to third parties	$ 1,200,000			$ 1,200,000
Restricted deposit relates to lease agreement	$ 600,000			$ 600,000

Earnings Per Share (Details Tex

Earnings Per Share (Details Textual) - shares	3 Months Ended		6 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Earnings Per Share [Abstract]
Weighted basic average shares outstanding	23,085,000	23,092,000	23,080,000	23,083,000
Increase in number of shares outstanding for diluted earnings per share	133,000	100,000	173,000	154,000
Dilutive common stock equivalents were excluded from the computation of diluted earnings per share	810,000	1,005,000	807,000	837,000

Commitments and Contingencies (

Commitments and Contingencies (Details Textual) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Dec. 31, 2016	Jul. 31, 2017
Loss Contingencies [Line Items]
Underpaid duty charges due to alternative duty methodology	$ 5.1
Underpaid duty methodology period covered by statute of limitation	5 years
Other Current Assets
Loss Contingencies [Line Items]
Restricted cash deposits released		$ 1

Income Taxes (Details Textual)

Income Taxes (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Income Tax Disclosure [Abstract]
Provision for income taxes	$ 2,574,000	$ 3,441,000	$ 2,851,000	$ 5,164,000
Effective tax rate for continuing operations	32.00%	35.10%	68.30%	34.80%
Income tax benefit from foreign operations	$ 0	$ 0	$ 0	$ 0
U.S. statutory tax rate	35.00%	35.00%	35.00%	35.00%

Derivative Financial Instrume49

Derivative Financial Instruments (Details Textual) $ in Thousands		3 Months Ended	6 Months Ended
		Jul. 31, 2017USD ($)	Jul. 31, 2017USD ($)		Jul. 31, 2016USD ($)		Jul. 31, 2017CHF (SFr)	Jul. 31, 2017EUR (€)	Jul. 31, 2017GBP (£)
Derivatives Fair Value [Line Items]
Net change in effective portion of hedging contracts		$ 400	$ 400
Net change in effective portion of hedging contracts, tax		100	$ 100
Maximum length of time hedged in cash flow hedge			24 months
Amounts reclassified from accumulated other comprehensive income	[1]		$ 442		$ 79
Net Unrealized Income (Loss) On Hedging Contracts
Derivatives Fair Value [Line Items]
Amounts reclassified from accumulated other comprehensive income		400	442	[1]	$ 79	[1]
Accumulated other comprehensive income, tax		$ 100	$ 100
Foreign Exchange Forward
Derivatives Fair Value [Line Items]
Net forward contracts hedging portfolio							SFr 22,000,000	€ 11,000,000	£ 4,000,000
Maximum
Derivatives Fair Value [Line Items]
Expiry dates ranging			Jan. 10, 2018
[1]	Amounts reclassified to earnings in the Consolidated Statements of Operations.

Derivative Financial Instrume50

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	Jul. 31, 2017	Jan. 31, 2017	Jul. 31, 2016
Designated as Hedging Instrument
Fair value and presentation of derivatives
Asset Derivatives			$ 194
Liability Derivatives	$ 464
Designated as Hedging Instrument | Foreign Exchange Contract | Other Current Assets
Fair value and presentation of derivatives
Asset Derivatives			194
Designated as Hedging Instrument | Foreign Exchange Contract | Accrued Liabilities
Fair value and presentation of derivatives
Liability Derivatives	464
Not Designated as Hedging Instrument
Fair value and presentation of derivatives
Asset Derivatives	402	$ 145	355
Liability Derivatives	25	211	92
Not Designated as Hedging Instrument | Foreign Exchange Contract | Other Current Assets
Fair value and presentation of derivatives
Asset Derivatives	402	145	355
Not Designated as Hedging Instrument | Foreign Exchange Contract | Accrued Liabilities
Fair value and presentation of derivatives
Liability Derivatives	$ 25	$ 211	$ 92

Accumulated Other Comprehensi51

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended
		Jul. 31, 2017	Jul. 31, 2017		Jul. 31, 2016
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance			$ 473,993
Other comprehensive income before reclassifications			9,140		$ 14,987
Amounts reclassified from accumulated other comprehensive income	[1]		(442)		(79)
Net current-period other comprehensive income / (loss)			8,698		14,908
Ending Balance		$ 478,158	478,158		458,983
Currency Translation Adjustments
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance			76,569		68,265
Other comprehensive income before reclassifications			9,108		14,832
Net current-period other comprehensive income / (loss)			9,108		14,832
Ending Balance		85,677	85,677		83,097
Available-for-sale securities
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance			197		189
Other comprehensive income before reclassifications			1		2
Net current-period other comprehensive income / (loss)			1		2
Ending Balance		198	198		191
Hedging Contracts
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance			14		51
Other comprehensive income before reclassifications			31		153
Amounts reclassified from accumulated other comprehensive income		(400)	(442)	[1]	(79)	[1]
Net current-period other comprehensive income / (loss)			(411)		74
Ending Balance		(397)	(397)		125
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning Balance			76,780		68,505
Ending Balance		$ 85,478	$ 85,478		$ 83,413
[1]	Amounts reclassified to earnings in the Consolidated Statements of Operations.

Treasury Stock (Details Textual

Treasury Stock (Details Textual) - USD ($)	Aug. 29, 2017	Jul. 31, 2017	Jul. 31, 2016	Mar. 31, 2016
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares authorized				$ 50,000,000
Stock repurchase program, number of shares repurchased		71,507	119,499
Stock repurchase program, total cost of shares repurchased		$ 1,655,000	$ 2,858,000
Stock repurchase program, average per share price of shares repurchased		$ 23.15	$ 23.92
Surrender of Shares by Employee
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares repurchased		32,045	46,947
Scenario, Forecast
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares authorized	$ 50,000,000
Stock repurchase program expiration date	Aug. 29, 2020
Movado Group Foundation
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares repurchased		20,000	15,000
Stock repurchase program, total cost of shares repurchased		$ 500,000	$ 400,000
Stock repurchase program, average per share price of shares repurchased		$ 22.90	$ 27.67

Accounting Changes and Recent53

Accounting Changes and Recent Accounting Pronouncements (Details Textual) $ in Millions	3 Months Ended
	Apr. 30, 2017USD ($)
ASU 2016-09
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Discrete excess tax expense recognized in provision for income tax	$ 1

Operating Efficiency Initiati54

Operating Efficiency Initiatives and Other Items (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jan. 31, 2016	Apr. 30, 2015	Jul. 31, 2017
Restructuring And Related Activities [Abstract]
Pre-tax charges	$ 1.3	$ 2.7
Operating efficiency initiatives and other items, completion date			Jan. 31, 2016

Operating Efficiency Initiati55

Operating Efficiency Initiatives and Other Items (Details) $ in Thousands	6 Months Ended
	Jul. 31, 2017USD ($)
Restructuring Cost And Reserve [Line Items]
Balance at January 31, 2017	$ 408
Cash payments	(66)
Foreign exchange	14
Accrued balance at July 31, 2017	356
Severance
Restructuring Cost And Reserve [Line Items]
Balance at January 31, 2017	78
Cash payments	(1)
Foreign exchange	4
Accrued balance at July 31, 2017	81
Occupancy charges
Restructuring Cost And Reserve [Line Items]
Balance at January 31, 2017	330
Cash payments	(65)
Foreign exchange	10
Accrued balance at July 31, 2017	$ 275

Cost Savings Initiatives (Detai

Cost Savings Initiatives (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jul. 31, 2017	Apr. 30, 2017	Jul. 31, 2017
Restructuring Cost And Reserve [Line Items]
Cost savings initiative			$ 6,419
Cost Savings Initiatives
Restructuring Cost And Reserve [Line Items]
Cost savings initiative	$ 100	$ 6,300	$ 6,419	[1]
[1]	The United States and International locations of the Wholesale segment include a pre-tax charge of $3.8 million and $2.6 million, respectively.

Cost Savings Initiatives (Det57

Cost Savings Initiatives (Details) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jul. 31, 2017	Apr. 30, 2017	Jul. 31, 2017		Jan. 31, 2017
Restructuring Cost And Reserve [Line Items]
Fiscal 2018 Charges				$ 6,419
Cash payments				(66)
Foreign exchange				14
Accrued balance at July 31, 2017		$ 356		356		$ 408
Occupancy charges
Restructuring Cost And Reserve [Line Items]
Cash payments				(65)
Foreign exchange				10
Accrued balance at July 31, 2017		275		275		$ 330
Cost Savings Initiatives
Restructuring Cost And Reserve [Line Items]
Fiscal 2018 Charges		100	$ 6,300	6,419	[1]
Cash payments				(4,281)
Non-cash adjustments				(166)
Foreign exchange				111
Accrued balance at July 31, 2017		2,083		2,083
Cost Savings Initiatives | Severance and Payroll Related
Restructuring Cost And Reserve [Line Items]
Fiscal 2018 Charges	[1],[2]			5,943
Cash payments	[2]			(4,243)
Non-cash adjustments	[2]			(153)
Foreign exchange	[2]			73
Accrued balance at July 31, 2017	[2]	1,620		1,620
Cost Savings Initiatives | Other
Restructuring Cost And Reserve [Line Items]
Fiscal 2018 Charges	[1],[2]			377
Cash payments	[2]			(27)
Non-cash adjustments	[2]			(13)
Foreign exchange	[2]			29
Accrued balance at July 31, 2017	[2]	366		366
Cost Savings Initiatives | Occupancy charges
Restructuring Cost And Reserve [Line Items]
Fiscal 2018 Charges	[1],[2]			99
Cash payments	[2]			(11)
Foreign exchange	[2]			9
Accrued balance at July 31, 2017	[2]	$ 97		$ 97
[1]	The United States and International locations of the Wholesale segment include a pre-tax charge of $3.8 million and $2.6 million, respectively.
[2]	The total severance and payroll related charges of $5.9 million include $4.5 million in SG&A and $1.4 million in Cost of Sales in the Consolidated Statement of Operations for the six months ended July 31, 2017. The other charges of $0.4 million and occupancy charges of $0.1 million are included in SG&A in the Consolidated Statement of Operations for the six months ended July 31, 2017.

Cost Savings Initiatives (Det58

Cost Savings Initiatives (Details) (Parenthetical) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jul. 31, 2017	Jan. 31, 2016	Apr. 30, 2015	Jul. 31, 2017
Restructuring Cost And Reserve [Line Items]
Pre-tax charges		$ 1.3	$ 2.7
Cost Savings Initiatives | United States | Wholesale
Restructuring Cost And Reserve [Line Items]
Pre-tax charges				$ 3.8
Cost Savings Initiatives | International | Wholesale
Restructuring Cost And Reserve [Line Items]
Pre-tax charges	$ 0.1			2.6
Cost Savings Initiatives | Severance and Payroll Related
Restructuring Cost And Reserve [Line Items]
Pre-tax charges				5.9
Cost Savings Initiatives | Severance and Payroll Related | SG&A
Restructuring Cost And Reserve [Line Items]
Pre-tax charges				4.5
Cost Savings Initiatives | Severance and Payroll Related | Cost of Sales
Restructuring Cost And Reserve [Line Items]
Pre-tax charges				1.4
Cost Savings Initiatives | Other | SG&A
Restructuring Cost And Reserve [Line Items]
Pre-tax charges				0.4
Cost Savings Initiatives | Occupancy charges | SG&A
Restructuring Cost And Reserve [Line Items]
Pre-tax charges				$ 0.1

Acquisitions (Details Textual)

Acquisitions (Details Textual) £ in Millions	Jul. 03, 2017USD ($)	Jul. 03, 2017GBP (£)	Jul. 31, 2017USD ($)	Jul. 31, 2017USD ($)	Jul. 31, 2017USD ($)
Business Acquisition [Line Items]
Business acquisition, net of cash acquired					$ 78,991,000
Goodwill			$ 56,116,000	$ 56,116,000	56,116,000
Trade Name
Business Acquisition [Line Items]
Business combination recognized intangible assets	$ 12,800,000
Intangible asset amortization period	10 years	10 years
Customer Relationships
Business Acquisition [Line Items]
Business combination recognized intangible assets	$ 8,600,000
Intangible asset amortization period	6 years	6 years
United States | Wholesale
Business Acquisition [Line Items]
Expenses primarily related to transaction costs and adjustments in acquisition accounting				200,000	200,000
International | Wholesale
Business Acquisition [Line Items]
Expenses primarily related to transaction costs and adjustments in acquisition accounting				4,300,000	4,300,000
Olivia Burton Brand
Business Acquisition [Line Items]
Inventories step-up adjustment	$ 800,000
Inventories step-up adjustment amortization period	3 months	3 months
Business combination recognized intangible assets	$ 21,415,000
Goodwill	55,322,000		56,116,000	$ 56,116,000	$ 56,116,000
Net sales since acquisition date			900,000
Net income since acquisition date			$ 100,000
Olivia Burton Brand | JLB Brands Ltd
Business Acquisition [Line Items]
Business acquisition, purchase price in cash subject to working capital and other closing adjustments	78,200,000	£ 60
Business acquisition, net of cash acquired	79,000,000	60.7
Business acquisition, cash acquired	5,900,000	£ 4.5
Business acquisition, debt assumed	$ 0

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Thousands	Jul. 31, 2017	Jul. 03, 2017
Business Acquisition [Line Items]
Goodwill	$ 56,116
Olivia Burton Brand
Business Acquisition [Line Items]
Cash and cash equivalents		$ 5,909
Trade receivables, net		3,106
Inventories		4,164
Prepaid expenses and other current assets		913
Property, plant and equipment, net		131
Goodwill	$ 56,116	55,322
Trade name and other intangibles		21,415
Total assets acquired		90,960
Accounts payable		608
Accrued liabilities		844
Income taxes payable		643
Deferred and non-current income taxes payable		3,965
Total liabilities assumed		6,060
Total purchase price		$ 84,900

Acquisitions (Details 1)

Acquisitions (Details 1) - Olivia Burton Brand - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jul. 31, 2017	Jul. 31, 2016
Business Acquisition [Line Items]
Net sales	$ 239,309	$ 248,136
Net income	$ 6,214	$ 9,770
Net income per share attributed to Movado Group, Inc.	$ 0.27	$ 0.42
Net income per share attributed to Movado Group, Inc.	$ 0.27	$ 0.42

Acquisitions (Details 2)

Acquisitions (Details 2) $ in Thousands	6 Months Ended
	Jul. 31, 2017USD ($)
Business Combination Segment Allocation [Line Items]
Ending Balance	$ 56,116
Olivia Burton Brand
Business Combination Segment Allocation [Line Items]
Acquisition of the Olivia Burton brand	55,322
Foreign exchange impact	794
Ending Balance	$ 56,116

Acquisitions (Details 3)

Acquisitions (Details 3) - Olivia Burton Brand $ in Thousands	3 Months Ended
	Jul. 31, 2017USD ($)
Business Acquisition [Line Items]
Gross carrying amount	$ 21,364
Accumulated amortization	(229)
Foreign exchange	307
Net	21,442
Trade Name
Business Acquisition [Line Items]
Gross carrying amount	12,766
Accumulated amortization	(108)
Foreign exchange	184
Net	12,842
Customer Relationships
Business Acquisition [Line Items]
Gross carrying amount	8,598
Accumulated amortization	(121)
Foreign exchange	123
Net	$ 8,600

Subsequent Event (Details Textu

Subsequent Event (Details Textual) - USD ($)	Aug. 29, 2017	Mar. 31, 2016
Subsequent Event [Line Items]
Stock repurchase program, number of shares authorized		$ 50,000,000
Scenario, Forecast
Subsequent Event [Line Items]
Stock repurchase program, number of shares authorized	$ 50,000,000
Stock repurchase program expiration date	Aug. 29, 2020