Movado (MOV) 10-Q 30 May 19 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Apr. 30, 2019	May 22, 2019
Document Type	10-Q
Amendment Flag	false
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Document Period End Date	Apr. 30, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Trading Symbol	MOV
Entity Registrant Name	MOVADO GROUP INC
Entity Central Index Key	0000072573
Current Fiscal Year End Date	--01-31
Common Stock Class Undefined
Entity Common Stock, Shares Outstanding		16,462,854
Class A Common Stock
Entity Common Stock, Shares Outstanding		6,586,780

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands		Apr. 30, 2019	Jan. 31, 2019	Apr. 30, 2018
Current assets:
Cash and cash equivalents		$ 150,712	$ 189,911	$ 176,959
Trade receivables, net		85,715	84,026	79,965
Inventories		178,048	165,311	159,032
Other current assets		32,631	28,898	36,213
Total current assets		447,106	468,146	452,169
Property, plant and equipment, net		26,065	26,067	23,560
Operating lease right-of-use assets		87,353
Deferred and non-current income taxes		24,913	24,503	8,157
Goodwill		135,685	136,033	58,484
Other intangibles, net		46,570	48,183	21,720
Other non-current assets		60,969	56,769	48,042
Total assets	[1]	828,661	759,701	612,132
Current liabilities:
Accounts payable		37,477	38,650	29,333
Accrued liabilities		44,886	44,429	37,356
Accrued payroll and benefits		7,185	18,773	6,616
Current operating lease liabilities		13,771
Income taxes payable		8,663	10,831	4,650
Total current liabilities		111,982	112,683	77,955
Loans payable to bank		49,060	50,280
Deferred and non-current income taxes payable		29,071	29,242	32,998
Non-current operating lease liabilities		79,877
Other non-current liabilities		65,394	67,120	40,231
Total liabilities		335,384	259,325	151,184
Commitments and contingencies (Note 9)
Redeemable noncontrolling interest		3,636	3,721
Equity:
Preferred Stock, $0.01 par value, 5,000,000 shares authorized; no shares issued
Capital in excess of par value		203,640	201,814	194,792
Retained earnings		430,514	431,180	391,526
Accumulated other comprehensive income		76,337	80,507	85,004
Treasury Stock, 11,388,021, 11,268,492 and 11,093,282 shares, respectively, at cost		(221,194)	(217,188)	(210,716)
Total Movado Group, Inc. shareholders' equity		489,641	496,655	460,948
Total liabilities, redeemable noncontrolling interest and equity		828,661	759,701	612,132
Common Stock Class Undefined
Equity:
Common Stock		279	277	276
Total Movado Group, Inc. shareholders' equity	[2]	279	277	276
Class A Common Stock
Equity:
Common Stock		65	65	66
Total Movado Group, Inc. shareholders' equity	[3]	$ 65	$ 65	$ 66
[1]	Total assets at April 30, 2019 include $87.4 million of operating lease right-of-use assets recorded as a result of the Company’s adoption of ASU 2016-02 on February 1, 2019 (see Note 10 – Leases).
[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.

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (PARENTHETICAL) - $ / shares	Apr. 30, 2019	Jan. 31, 2019	Apr. 30, 2018
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	11,388,021	11,268,492	11,093,282
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	27,866,510	27,701,742	27,579,421
Common Stock, shares outstanding	27,866,510	27,701,742	27,579,421
Class A Common Stock
Common Stock, par value	$ 0.01	$ 0.01	$ 0.01
Common Stock, shares authorized	30,000,000	30,000,000	30,000,000
Common Stock, shares issued	6,586,780	6,586,780	6,626,950
Common Stock, shares outstanding	6,586,780	6,586,780	6,626,950

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended
		Apr. 30, 2019	Apr. 30, 2018
Income Statement [Abstract]
Net sales		$ 146,549	$ 127,149
Cost of sales		67,676	59,625
Gross profit		78,873	67,524
Selling, general and administrative		73,899	59,385
Operating income	[1],[2]	4,974	8,139
Interest expense		(224)	(222)
Interest income		21	57
Income before income taxes		4,771	7,974
Provision/(benefit) for income taxes (Note 11)		847	(141)
Net income		3,924	8,115
Less: Net loss attributable to noncontrolling interests		(1)
Net income attributable to Movado Group, Inc.		$ 3,925	$ 8,115
Basic income per share:
Weighted basic average shares outstanding		23,119	23,097
Net income per share attributable to Movado Group, Inc.		$ 0.17	$ 0.35
Diluted income per share:
Weighted diluted average shares outstanding		23,452	23,448
Net income per share attributable to Movado Group, Inc.		$ 0.17	$ 0.35
[1]	During the first quarter of fiscal year 2020 and fiscal 2019, in the international location of the Watch and Accessory Brands segment, operating income included a charge of $0.7 million and $0.8 million, respectively, related to the amortization of intangible assets associated with the Olivia Burton brand.
[2]	During the first quarter of fiscal year 2020, in the United States location of the Watch and Accessory Brands, operating loss included a charge of $1.5 million related to the amortization of intangible assets, deferred compensation and certain acquisition accounting adjustments associated with the MVMT brand.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 3,924	$ 8,115
Other comprehensive income / (loss):
Net unrealized gain on investments, net of tax benefit of $0 and $5, respectively	1	14
Net change in effective portion of hedging contracts, net of tax (benefit) of $0 and $(25), respectively		(127)
Amortization of prior service cost, net of tax of $4	13
Foreign currency translation adjustments	(4,184)	(15,226)
Total other comprehensive loss, net of taxes	(4,170)	(15,339)
Comprehensive income/ (loss) attributable to noncontrolling interest:
Net loss	(1)
Foreign currency translation adjustments	(84)
Total comprehensive loss attributable to noncontrolling interest	(85)
Total comprehensive loss attributable to Movado Group, Inc.	$ (161)	$ (7,224)

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (PARENTHETICAL) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net unrealized gain on investments, tax benefit	$ 0	$ 5
Net change in effective portion of hedging contracts, tax (benefit)	0	$ (25)
Amortization of prior service cost, tax	$ 4

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Cash flows from operating activities:
Net income attributable to Movado Group, Inc.	$ 3,925	$ 8,115
Adjustments to reconcile net income to net cash provided by / (used in) operating activities:
Depreciation and amortization	3,872	3,383
Transactional gains	(232)	(242)
Provision for inventories and accounts receivable	531	483
Deferred income taxes	(134)	(1,553)
Stock-based compensation	1,638	1,214
Other	199
Changes in assets and liabilities:
Trade receivables	(2,567)	443
Inventories	(14,756)	(11,548)
Other current assets	(4,134)	(6,583)
Accounts payable	(896)	5,690
Accrued liabilities	1,294	5,036
Accrued payroll and benefits	(11,507)	(8,351)
Income taxes payable	(2,094)	1,722
Other non-current assets	(878)	988
Other non-current liabilities	124	(1,417)
Net cash used in operating activities	(25,615)	(2,620)
Cash flows from investing activities:
Capital expenditures	(2,204)	(1,686)
Trademarks and other intangibles	(63)	(168)
Net cash used in investing activities	(2,267)	(1,854)
Cash flows from financing activities:
Repayments of bank borrowings		(25,000)
Stock awards and options exercised and other changes	(1,234)	3,105
Stock repurchase	(2,616)	(1,186)
Dividends paid	(4,591)	(4,604)
Net cash used in financing activities	(8,441)	(27,685)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(2,889)	(5,693)
Net decrease in cash, cash equivalents and restricted cash	(39,212)	(37,852)
Cash, cash equivalents and restricted cash at beginning of year	190,459	215,411
Cash, cash equivalents and restricted cash at end of period	151,247	177,559
Reconciliation of cash, cash equivalents, and restricted cash:
Cash and cash equivalents	150,712	176,959
Restricted cash included in other non-current assets	535	600
Cash, cash equivalents and restricted cash at end of period	$ 151,247	$ 177,559

Basis of Presentation

Basis of Presentation	3 Months Ended
	Apr. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	NOTE 1-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, 2019 (the “2019 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, 2019 is derived from the audited annual financial statements, which are included in the Company’s 2019 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.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Apr. 30, 2019
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	NOTE 2 – RECENT ACCOUNTING PRONOUNCEMENTS In August 2018, the FASB issued 2018-13, “Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement”, which modifies the disclosure requirements in ASC 820, Fair Value Measurement. This guidance is effective for fiscal years beginning after December 15, 2019, which will be the Company’s first quarter of fiscal 2021, with early adoption permitted. The Company is currently evaluating the impact of the adoption of this standard on its disclosures. The Company adopted ASU 2016-02, “Leases”, on February 1, 2019, the first day of fiscal 2020, using the modified retrospective approach and accordingly the Company is showing a cumulative effect adjustment in the first quarter of fiscal 2020, rather than restating any prior periods. The Company has elected to use the package of practical expedients permitted under the transition guidance, which does not require reassessment of prior conclusions related to contracts containing a lease, lease classification and initial direct costs for any expired or existing leases. The transition practical expedient allows Companies to recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption rather than the earliest period presented. The adoption did not result in any adjustments to the opening balance of retained earnings. Adoption of ASU 2016-02 resulted in recording right-of-use lease assets of $97.0 million which were reduced to $91.1 million as a result of $5.9 million of previously recorded deferred rent liabilities and tenant allowances, and lease liabilities of $97.0 million as of February 1, 2019. The standard did not have a material impact on the Company's consolidated results of operations or cash flows. See Note 10 – In August 2017, the FASB issued ASU 2017-12. ASU 2017-12 amends and simplifies hedge accounting guidance in order to enable entities to better portray the economics of their risk management activities. The Company adopted ASU 2017-12 on February 1, 2019, the first day of fiscal 2020. The adoption of the standard did not have an impact on the Company's consolidated results of operations. In June 2018, the FASB issued ASU 2018-07, which simplifies the accounting for share-based payments granted to nonemployees for goods and services. Under the ASU, most of the guidance on such payments to nonemployees would be aligned with the requirements for share-based payments granted to employees. The Company adopted ASU 2018-07 during the first quarter of fiscal 2020. The adoption of this guidance did not have an impact on the Company’s consolidated financial statements.

Earnings Per Share and Cash Div

Earnings Per Share and Cash Dividends	3 Months Ended
	Apr. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Share and Cash Dividends	NOTE 3 – EARNINGS PER SHARE AND CASH DIVIDENDS The Company presents net income attributable to Movado Group, Inc. after adjusting for redeemable noncontrolling interest, as applicable per share on a basic and diluted basis. Basic earnings per share is computed using weighted-average shares outstanding during the period. Diluted earnings per share is computed using the weighted-average number of shares outstanding adjusted for dilutive common stock equivalents. The number of shares used in calculating basic and diluted earnings (loss) per share is as follows (in thousands): April 30, 2019 2018 Weighted average common shares outstanding: Basic 23,119 23,097 Effect of dilutive securities: Stock awards and options to purchase shares of common stock 333 351 Diluted 23,452 23,448 For the three months ended April 30, 2019 and 2018, approximately 78,000 and 136,000, respectively, of potentially dilutive common stock equivalents were excluded from the computation of diluted earnings per share because their effect would have been antidilutive. On March 28, 2019 April 25, 2018

Acquisitions

Acquisitions	3 Months Ended
	Apr. 30, 2019
Business Combinations [Abstract]
Acquisitions	NOTE 4 – ACQUISITIONS City Time On December 3, 2018, the Company acquired 51% of City Time Distribucion, S.L.U, (“City Time”), the Company’s distributor in Spain, and simultaneously signed a joint venture agreement. The purchase price was $4.8 million, or 4.2 million Euros, net of cash acquired, and was funded with cash on hand. The results of City Time have been included in the consolidated financial statements since the date of acquisition within the International location of the Watch and Accessory Brands segment. Of the total purchase consideration, there were no material amounts allocated to assets acquired and liabilities assumed. Pursuant to the joint venture agreement, the noncontrolling interest holder has the right to sell its interest in City Time to the Company on two specific dates in the future. The noncontrolling interest is not redeemable until such dates. The Company will adjust the carrying value of the redeemable interest to the redemption amount assuming it was redeemable at the balance sheet date. At April 30, 2019, the Company concluded that the remeasurement adjustment is immaterial. MVMT On October 1, 2018, the Company acquired MVMT Watches, Inc., owner of MVMT, for an initial payment of $100.0 million and two future contingent payments that combined could total up to an additional $100.0 million before tax benefits. The exact amount of the future payments will be determined by MVMT's future financial performance with no minimum required future payment. After giving effect to the closing adjustments, the purchase price was $108.4 million, net of cash acquired of $3.8 million. The acquisition was funded with cash on hand and adds a new brand with significant global growth potential to the Company’s portfolio. The results of the MVMT brand have been included in the consolidated financial statements since the date of acquisition within the U.S. and International locations of the Watch and Accessory Brands segment. 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 October 1, 2018 acquisition date (in thousands): Assets Acquired and Liabilities Assumed Fair Value Cash and cash equivalents $ 3,848 Trade receivables 370 Inventories 14,552 Prepaid expenses and other current assets 2,325 Property, plant and equipment 179 Other non-current assets 6,500 Goodwill 77,542 Trade name and other intangibles 28,928 Total assets acquired 134,244 Accounts payable 5,982 Accrued liabilities 9,018 Other non-current liabilities 7,064 Total liabilities assumed 22,064 Total purchase price $ 112,180 Inventories (as of October 1, 2018) included a step-up adjustment of $0.7 million, which was amortized over 5 months. The components of Trade name and other intangibles (as of October 1, 2018) included a trade name of $24.7 million (amortized over 10 years), and customer relationships of $4.2 million (amortized over 10 years). T he acquisition agreement also includes a contingent consideration arrangement based on the MVMT brand achieving certain revenue and EBITDA (as defined in the acquisition agreement) targets. In connection therewith, the Company recorded a non-current liability of $16.5 million as of the date of acquisition to reflect the estimated fair value of the contingent purchase price. $14.5 million was allocated to purchase price and $2.0 million to deferred compensation expense based on future employee service requirements. The estimated fair value of the contingent consideration was determined using a Monte Carlo simulation that includes key assumptions regarding MVMT’s projected financial performance during the earn-out period, volatilities, estimated discount rates, risk-free interest rate, and correlation. Each reporting period after the acquisition, the Company will revalue the contingent purchase price liability and record increases or decreases in the fair value of the liability in its Consolidated Statements of Operations. Changes in fair value will result from changes in actual and projected financial performance, discount rates, volatilities, and the other key assumptions. The inputs and assumptions are not observable in the market but reflect the assumptions the Company believes would be made by a market participant. The possible outcomes for the contingent consideration range from $0 to $100 million on an undiscounted basis. As of the April 30, 2019 remeasurement date, the contingent purchase price liability has been accreted to $16.9 million. The $0.2 million increase in the liability is included as a reduction in operating income in the Consolidated Statement of Operations for the three months ended April 30, 2019. Refer to Note 7 for further discussion of fair value measurements. The Company recorded goodwill (as of October 1, 2018) of $77.5 million based on the amount by which the purchase price exceeded the fair value of the net assets acquired. As the structure of the acquisition allowed for a step up in basis for tax purposes, the full amount of goodwill is deductible for federal income tax purposes over 15 years. 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 MVMT brand had been included in the Company’s operations commencing on February 1, 2018, based on available information relating to operations of the MVMT 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 MVMT brand acquisition been consummated at the beginning of the period for which the pro forma information is presented, or of future results. Three Months Ended April 30, 2019 2018 (1) (In thousands, except per share data) (Unaudited) Net sales $ 146,549 $ 139,564 Net income (loss) $ 3,925 $ (619 ) Basic income (loss) per share: Net income (loss) per share attributed to Movado Group, $ 0.17 $ (0.03 ) Diluted income (loss) per share: Net income (loss) per share attributed to Movado Group, Inc. $ 0.17 $ (0.03 ) (1) Includes non-recurring transaction costs of $7.0 million associated with the acquisition. The changes in the carrying amount of other intangible assets during the three months ended April 30, 2019 are as follows (in thousands): Trade names Customer relationships Other (1) Total Weighted Average Amortization Period (in years) 10 7 7 Balance at January 31, 2019 $ 34,771 $ 12,181 $ 1,231 $ 48,183 Additions — — 63 63 Amortization (938 ) (506 ) (94 ) (1,538 ) Foreign exchange impact (40 ) (78 ) (20 ) (138 ) Balance at April 30, 2019 $ 33,793 $ 11,597 $ 1,180 $ 46,570 (1) Other includes fees paid related to trademarks and non-compete agreement related to Olivia Burton brand.

Inventories

Inventories	3 Months Ended
	Apr. 30, 2019
Inventory Disclosure [Abstract]
Inventories	NOTE 5 – INVENTORIES Inventories consisted of the following (in thousands): April 30, 2019 January 31, 2019 April 30, 2018 Finished goods $ 132,797 $ 123,947 $ 118,057 Component parts 43,304 39,752 39,651 Work-in-process 1,947 1,612 1,324 $ 178,048 $ 165,311 $ 159,032

Debt and Lines of Credit

Debt and Lines of Credit	3 Months Ended
	Apr. 30, 2019
Debt Disclosure [Abstract]
Debt and Lines of Credit	NOTE 6 – DEBT AND LINES OF CREDIT On October 12, 2018, the Company, together with Movado Group Delaware Holdings Corporation, Movado Retail Group, Inc. and Movado LLC (together with the Company, the “U.S. Borrowers”), each a wholly owned domestic subsidiary of the Company, and Movado Watch Company S.A. and MGI Luxury Group S.A. (collectively, the “Swiss Borrowers” and, together with the U.S. Borrowers, the “Borrowers”), each a wholly owned Swiss subsidiary of the Company, entered into an Amended and Restated 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 amends and restates the Company’s prior credit agreement dated as of January 30, 2015 (the “Prior Credit Agreement”) and extends the maturity of the $100.0 million senior secured revolving credit facility (the “Facility”) provided thereunder to October 12, 2023. The Facility includes a $15.0 million letter of credit subfacility, a $25.0 million swingline subfacility and a $75.0 million sublimit for borrowings by the Swiss Borrowers, with provisions for uncommitted increases to the Facility of up to $50.0 million in the aggregate subject to customary terms and conditions. As of April 30, 2019, and April 30, 2018, there were 50.0 million in Swiss francs (with a dollar equivalent of $49.1 million) and zero The Company had weighted average borrowing under the facility of $49.8 million and $7.8 million, with a weighted average interest rate of 1.00% and 0.96%, during the first quarter of fiscal 2020 and 2019, respectively. A Swiss subsidiary of the Company maintains unsecured lines of credit with an unspecified maturity with a Swiss bank. As of April 30, 2019, and 2018, these lines of credit totaled 6.5 million Swiss francs for both periods, with a dollar equivalent of $6.4 million and $6.6 million, respectively. As of April 30, 2019, and 2018, there were no borrowings against these lines. As of April 30, 2019, and 2018, two European banks had guaranteed obligations to third parties on behalf of two of the Company’s foreign subsidiaries in the dollar equivalent of $1.1 million and $1.2 million, respectively, in various foreign currencies, of which $0.5 million and $0.6 million, respectively, was a restricted deposit as it relates to lease agreements. Cash paid for interest, including unused commitments fees, was $0.2 million for both April 30, 2019 and April 30, 2018.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Apr. 30, 2019
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	NOTE 7 – DERIVATIVE FINANCIAL INSTRUMENTS As of April 30, 2019, the Company’s entire net forward contracts hedging portfolio consisted of 40.4 million Chinese Yuan equivalent, 31.0 million Swiss francs equivalent, 15.3 million US dollars equivalent, 14.2 million Euros equivalent and 1.9 million British Pounds equivalent with various expiry dates ranging through October 29, 2019. These forward contracts are not designated as qualified hedges in accordance with ASC 815, Derivatives and Hedging, 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 April 30, 2019 Fair Value January 31, 2019 Fair Value April 30, 2018 Fair Value Balance Sheet Location April 30, 2019 Fair Value January 31, 2019 Fair Value April 30, 2018 Fair Value Derivatives not designated as hedging instruments: Foreign Exchange Contracts Other Assets $ 8 $ 22 $ — Accrued Liabilities $ 509 $ 156 $ 704 Total Derivative Instruments $ 8 $ 22 $ — $ 509 $ 156 $ 704 For the quarter ended April 30, 2019, the Company did not have any cash flow hedges.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Apr. 30, 2019
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Fair Value Measurements	NOTE 8 – 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 guidance requires the use of observable market data if such data is available without undue cost and effort. The following tables present the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of April 30, 2019 and 2018 and January 31, 2019 (in thousands): Fair Value at April 30, 2019 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 178 $ — $ — $ 178 Short-term investment Other current assets 152 — — 152 SERP assets - employer Other non-current assets 978 — — 978 SERP assets - employee Other non-current assets 41,268 — — 41,268 Defined benefit plan assets Other non-current liabilities — — 31,202 31,202 Hedge derivatives Other current assets — 8 — 8 Total $ 42,576 $ 8 $ 31,202 $ 73,786 Liabilities: SERP liabilities - employee Other non-current liabilities $ 41,268 $ — $ — $ 41,268 Hedge derivatives Accrued liabilities — 509 — 509 Contingent purchase price liability Other non-current liabilities — — 16,884 16,884 Total $ 41,268 $ 509 $ 16,884 $ 58,661 Fair Value at January 31, 2019 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 177 $ — $ — $ 177 Short-term investment Other current assets 155 — — 155 SERP assets - employer Other non-current assets 860 — — 860 SERP assets - employee Other non-current assets 38,170 — — 38,170 Defined benefit plan assets Other non-current liabilities — — 33,223 33,223 Hedge derivatives Other current assets — 22 — 22 Total $ 39,362 $ 22 $ 33,223 $ 72,607 Liabilities: SERP liabilities - employee Other non-current liabilities $ 38,170 $ — $ — $ 38,170 Hedge derivatives Accrued liabilities — 156 — $ 156 Contingent purchase price liability Other non-current liabilities — — 16,718 16,718 Total $ 38,170 $ 156 $ 16,718 $ 55,044 Fair Value at April 30, 2018 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 251 $ — $ — $ 251 Short-term investment Other current assets 157 — — 157 SERP assets - employer Other non-current assets 1,008 — — 1,008 SERP assets - employee Other non-current assets 37,210 — — 37,210 Hedge derivatives Other current assets — 124 — 124 Total $ 38,626 $ 124 $ — $ 38,750 Liabilities: SERP liabilities - employee Other non-current liabilities $ 37,210 $ — $ — $ 37,210 Hedge derivatives Accrued liabilities — 704 — 704 Total $ 37,210 $ 704 $ — $ 37,914 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 April 30, 2019, and January 31, 2019, due to the availability and floating rate for similar instruments. The Company sponsors a pension plan in Switzerland which was amended to a defined benefit plan effective December 31, 2018. The plan covers certain international employees and is based on years of service and compensation on a career-average pay basis. The assets within the plan are classified as a Level 3 asset within the fair value hierarchy and consist of an investment in pooled assets and include separate employee accounts that are invested in equity securities, debt securities and real estate. The values of the separate accounts invested are based on values provided by the administrator of the funds that cannot be readily derived from or corroborated by observable market data. The value of the assets is part of the funded status of the defined benefit plan and included in other non-current liabilities in the consolidated balance sheets at April 30, 2019 and January 31, 2019. The fair value of the Level 3 contingent purchase price liability related to the acquisition of MVMT Watches, Inc. owner of MVMT, a global aspirational lifestyle brand, is measured using a Monte Carlo simulation with key assumptions that include revenue and brand EBITDA, (as defined in the acquisition agreement) of the acquired business during the earn-out period, volatilities, estimated discount rates, risk-free rate, and correlation. The liability is revalued each reporting period after the acquisition and increases or decreases in the fair value of the liability are recorded in the Consolidated Statements of Operations. Changes in fair value can result from the estimated achievement of the revenue and brand EBITDA performance hurdles, and movements in discount rates, volatilities, and the other key assumptions. The inputs and assumptions are not observable in the market but reflect the assumptions the Company believes would be made by a market participant. The following table presents the change in the Level 3 contingent purchase price liability during the three months ended April 30, 2019: Three Months Ended April 30, (In thousands) 2019 Balance at January 31, 2019 $ 16,718 Payments — Adjustments included in earnings 166 Ending Balance $ 16,884 There were no transfers between any levels of the fair value hierarchy for any of the Company’s fair value measurements.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Apr. 30, 2019
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 recorded an obligation of $28.2 million due to the Tax Cuts and Jobs Act, which was signed into law on December 22, 2017 and imposed a one-time mandatory deemed repatriation tax on cumulative undistributed foreign earnings which have not been previously taxed. The obligation, which was recorded in prior years, is payable in installments over eight years, with the first payment having been made in the second quarter of fiscal 2019 . The Company believes that income tax reserves are adequate, however, amounts asserted by taxing authorities could be greater or less than amounts accrued and reflected in the consolidated balance sheet. Accordingly, the Company could record adjustments to the amounts for federal, state, and foreign liabilities in the future as the Company revises estimates or settles or otherwise resolves the underlying matters. In the ordinary course of business, the Company may take new positions that could increase or decrease unrecognized tax benefits in future periods. During the three months ended July 31, 2018, 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. On October 23, 2018, Swiss Time Watch & Jewellry GmbH (“ST Germany”) filed a lawsuit against the Company in the Superior Court of California for the County of Los Angeles. The lawsuit, which was subsequently removed to the United States District Court for the Central District of California, primarily alleged that the Company, as legal successor to MVMT Watches, Inc., failed to perform its obligations under the parties’ August 1, 2018 distribution agreement (the “ST Germany Agreement”). Under this agreement, ST Germany was granted the right, subject to certain limitations, to distribute a curated collection of MVMT watch styles in Germany. ST Germany also alleged various related torts and statutory violations and sought specific performance of the ST Germany Agreement as well as unspecified monetary damages. In February 2019, the parties settled the matter and the lawsuit was subsequently dismissed. The settlement terms included an immaterial cash payment by the Company and certain amendments to the ST Germany Agreement, including an extension of the agreement through early fiscal 2023. 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 $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 thereafter provided 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 purchase consideration for the MVMT business includes two future contingent payments that combined could total up to $100 million. Although the Company has established appropriate reserves for this liability based on its current estimate of the amounts that will eventually become payable, the exact amount of the future payments will be determined by MVMT's financial performance through the end of fiscal 2023. The Company expects to recognize gains/losses, as the case may be, as the Company’s estimate of the amount payable is updated from time to time. (See Note 4 – Acquisitions). 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 April 30, 2019, 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.

Leases

Leases	3 Months Ended
	Apr. 30, 2019
Leases [Abstract]
Leases	NOTE 10 – LEASES The Company evaluates contractual arrangements at inception to determine if individual agreements are a lease or contain an identifiable lease component as defined by ASC 842. When evaluating contracts to determine appropriate classification and recognition under ASC 842, significant judgment may be necessary to determine, among other criteria, if an embedded leasing arrangement exists, the length of the term, classification as either an operating or financing lease and whether renewal or termination options are reasonably certain to be exercised. Lease assets represent the right to use an underlying asset for the lease term, and lease liabilities represent the obligation to make lease payments arising from the lease. These assets and liabilities are initially recognized based on the present value of lease payments over the lease term calculated using the Company’s incremental borrowing rate, adjusted for the lease term and lease country, unless the implicit rate is readily determinable. Lease assets also include any upfront lease payments made and are reduced by lease incentives. Some lease terms include options to extend or terminate the lease and they are included in the measurement of the lease assets and lease liabilities if the Company is reasonably certain that those options will be exercised. Variable lease payments are generally expensed as incurred and include certain index-based changes in rent and certain non-lease components such as maintenance and other services provided by the lessor to the extent the charges are variable. Leases with an initial term of 12 months or less are not recorded on the balance sheet, and the expense for these short-term leases and for operating leases is recognized on a straight-line basis over the lease term. The Company leases certain real estate properties, vehicles, and equipment in various countries around the world. Leased properties are typically used for retail, office and distribution. The Company’s leases are classified as operating leases with remaining terms of 1 to 11 years, some of which include an option to extend or renew. If the exercise of an option to extend or renew is determined to be reasonably certain, the associated right-of-use asset and lease liability reflects the extended period and payments. The components of lease expense were as follows (in thousands): Lease Expense Consolidated Statements of Operation Location For the Three Months Ended April 30, 2019 Operating lease expense SG&A $ 4,676 Short-term lease cost SG&A 139 Variable lease cost SG&A 1,720 Total operating lease expense $ 6,535 Finance lease cost: Amortization of right-of-use assets SG&A $ 29 Interest on lease liabilities Interest expense $ 4 The following table discloses supplemental balance sheet information for the Company’s leases (in thousands): Leases Consolidated Balance Sheets Location April 30, 2019 Assets Operating Operating lease right-of-use assets $ 87,353 Finance Other non-current assets $ 370 Liabilities Current: Operating Current operating lease liabilities $ 13,771 Finance Accrued liabilities $ 113 Noncurrent: Operating Non-current operating lease liabilities $ 79,877 Finance Other non-current liabilities $ 258 The following table discloses the weighted-average remaining lease term and weighted-average discount rate for the Company's leases: Lease Term and Discount Rate April 30, 2019 Weighted-average remaining lease term - in years Operating leases 7.66 Finance leases 3.15 Weighted-average discount rate: Operating leases 3.67 % Finance leases 3.86 % Future minimum lease payments by year as of April 30, 2019 were as follows (in thousands): Fiscal Year Operating Leases Finance Leases 2020 (remaining) $ 12,879 $ 94 2021 15,758 125 2022 14,228 125 2023 12,338 49 2024 11,774 — Thereafter 41,622 — Total lease payments $ 108,599 $ 393 Less: Interest (14,951 ) (22 ) Total lease obligations $ 93,648 $ 371 Future minimum lease payments by year as of January 31, 2019 were as follows (in thousands): Fiscal Year Ending January 31, 2020 $ 14,036 2021 11,325 2022 10,135 2023 8,279 2024 7,683 Thereafter 35,020 $ 86,478 Supplemental cash flow information related to leases was as follows (in thousands): For the Three Months Ended April 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 4,146 Operating cash flows from finance leases 4 Financing cash flows from finance leases 29 Leased assets obtained in exchange for new operating lease liabilities 489 Leased assets obtained in exchange for new financing lease liabilities 399 As of April 30, 2019, the Company did not have any material operating or finance leases that have been signed but not commenced.

Income Taxes

Income Taxes	3 Months Ended
	Apr. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 11 – INCOME TAXES The Company recorded income tax expense of $0.8 million and income tax benefit $0.1 million for the three months ended April 30, 2019 and 2018, respectively. The effective tax rate was 17.7% and -1.8% for the three months ended April 30, 2019 and 2018, respectively. The change in the effective tax rate was primarily due to the release of valuation allowances against certain foreign deferred tax assets in the prior year. The effective tax rate for the three months ended April 30, 2019 differs from the U.S. statutory tax rate of 21.0% primarily due to foreign profits being taxed in lower taxing jurisdictions and excess tax benefits related to stock-based compensation, partially offset by no tax benefit being recognized on operating results of certain foreign subsidiaries. The effective tax rate for the three months ended April 30, 2018 differs from the U.S. statutory tax rate of 21.0% primarily due to the release of a valuation allowance against certain foreign deferred tax assets and a decrease in the deferred withholding tax liability on unremitted earnings resulting from changes in currency exchange rates.

Equity

Equity	3 Months Ended
	Apr. 30, 2019
Equity [Abstract]
Equity	NOTE 12 – EQUITY The components of equity for the three months ended April 30, 2019 and 2018 are as follows (in thousands): Movado Group, Inc. Shareholders' Equity Preferred Stock Common Stock Class Common Stock Capital Excess Par Retained Earnings Accumulated Other Comprehensive Income Treasury Stock Total Movado Group, Inc. Shareholders' Equity Redeemable Noncontrolling Interest Balance, January 31, 2019 $ — $ 277 $ 65 $ 201,814 $ 431,180 $ 80,507 $ (217,188 ) $ 496,655 $ 3,721 Net income/ (loss) attributable to Movado Group, Inc. 3,925 3,925 (1 ) Dividends ($0.20 per share) (4,591 ) (4,591 ) Stock repurchase (2,616 ) (2,616 ) Stock options exercised 2 154 (1,390 ) (1,234 ) Supplemental executive retirement plan 34 34 Stock-based compensation expense 1,638 1,638 Net unrealized gain on investments, net of tax benefit 1 1 Amortization of prior service cost, net of tax provision of $4 13 13 Foreign currency translation adjustment (3) $ (4,184 ) (4,184 ) $ (84 ) Balance, April 30, 2019 $ — $ 279 $ 65 $ 203,640 $ 430,514 $ 76,337 $ (221,194 ) $ 489,641 $ 3,636 Preferred Stock Common Stock Class Common Stock Capital Excess Par Retained Earnings Accumulated Other Comprehensive Income Treasury Stock Total Movado Group, Inc. Shareholders' Equity Redeemable Noncontrolling Interest Balance, January 31, 2018 $ — $ 273 $ 66 $ 189,808 $ 388,739 $ 100,343 $ (208,894 ) $ 470,335 $ — Net income attributable to Movado Group, Inc. 8,115 8,115 Dividends ($0.20 per share) (4,604 ) (4,604 ) Adoption of new revenue recognition Standard (Topic 606) (724 ) (724 ) Stock repurchase (1,186 ) (1,186 ) Stock options exercised 3 3,738 (636 ) 3,105 Supplemental executive retirement plan 32 32 Stock-based compensation expense 1,214 1,214 Net unrealized gain on investments, net of tax $5 14 14 Net change in effective portion of hedging contracts, net of tax of benefit of $25 (127 ) (127 ) Foreign currency translation adjustment (3) (15,226 ) (15,226 ) Balance, April 30, 2018 $ — $ 276 $ 66 $ 194,792 $ 391,526 $ 85,004 $ (210,716 ) $ 460,948 $ — (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.

Treasury Stock

Treasury Stock	3 Months Ended
	Apr. 30, 2019
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 program had replaced a prior share repurchase program approved by the Board on March 31, 2016 under which the Company was authorized to purchase up to $50.0 million of its outstanding common stock from time to time and under which $ 5.5 During the three months ended April 30, 2019, under the existing repurchase program, the Company repurchased a total of 78,402 shares of its common stock at a total cost of $2.6 million, or an average of $33.36 per share. During the three months ended April 30, 2018, under the existing repurchase program, the Company repurchased a total of 30,500 shares of its common stock at a total cost of $1.2 million, or an average of $38.91 per share. At April 30, 2019, $38.0 million remains available for purchase under the Company’s current repurchase program. There were 42,127 and 16,111 shares of common stock repurchased during the three months ended April 30, 2019 and 2018, 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.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	3 Months Ended
	Apr. 30, 2019
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Accumulated Other Comprehensive Income	NOTE 14 – ACCUMULATED OTHER COMPREHENSIVE INCOME The accumulated balances at April 30, 2019 and 2018, and January 31, 2019, related to each component of accumulated other comprehensive income (loss) are as follows (in thousands): April 30, 2019 January 31, 2019 April 30, 2018 Foreign currency translation adjustments $ 76,624 $ 80,808 $ 84,964 Available-for-sale securities 120 119 205 Hedging contracts — — (165 ) Unrecognized prior service cost related to defined benefit pension plan (407 ) (420 ) — Total accumulated other comprehensive income $ 76,337 $ 80,507 $ 85,004

Revenue

Revenue	3 Months Ended
	Apr. 30, 2019
Revenue From Contract With Customer [Abstract]
Revenue	NOTE 15 – REVENUE Disaggregation of Revenue The following table presents the Company’s net sales disaggregated by customer type. Sales and usage-based taxes are excluded from net sales (in thousands). Three Months Ended Three Months Ended Customer Type April 30, 2019 April 30, 2018 Wholesale $ 115,161 $ 105,974 Direct to consumer 30,356 19,782 After-sales service 1,032 1,393 Net Sales $ 146,549 $ 127,149 The Company’s revenue from contracts with customers is recognized at a point in time. The Company’s net sales disaggregated by geography are based on the location of the Company’s customer (see Note 17 – Segment and Geographic Information). Wholesale Revenue The Company’s wholesale revenue consists primarily of revenues from independent distributors, and from department stores, and chain and independent jewelry stores. The Company recognizes and records its revenue when obligations under the terms of a contract with the customer are satisfied, and control is transferred to the customer. Wholesale revenue is measured as the amount of consideration the Company ultimately expects to receive in exchange for transferring goods. Wholesale revenue is included entirely within the Watch and Accessory Brands Segment (see Note 17 – Segment and Geographic Information), consistent with how management makes decisions regarding the allocation of resources and performance measurement. Direct to Consumer Revenue The Company’s direct to consumer revenue primarily consists of revenues from the Company’s outlet stores, concession stores, ecommerce, and consumer repairs. Revenue is recognized as the end consumer obtains delivery of the merchandise. Direct to Consumer revenue derived from concession stores and ecommerce is included within the Watch and Accessory Brands Segment; revenue derived from outlet stores is included within the Company Stores Segment (see Note 17 – Segment and Geographic Information). Direct to Consumer revenue is included in either the Watch and Accessory Brands or Company Stores Segments based on how the Company makes decisions about the allocation of resources and performance measurement. After-sales service All watches sold by the Company come with limited warranties covering the movement against defects in materials and workmanship. The Company does not sell warranties separately. The Company’s after-sales service revenues consists of out of warranty service provided to customers and authorized third party repair centers, and sale of watch parts. The Company recognizes and records its revenue when obligations under the terms of a contract with the customer are satisfied and control is transferred to the customer. After-sales service revenue is measured as the amount of consideration the Company ultimately expects to receive in exchange for transferring goods. Revenue from after sales service, including consumer repairs, is included entirely within the Watch and Accessory Brands Segment, consistent with how management makes decisions about the allocation of resources and performance measurement.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Apr. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	NOTE 16 – STOCK-BASED COMPENSATION Under the Company’s Employee Stock Option Plan, as amended and restated as of April 4, 2013 (the “Plan”), the Compensation Committee of the Board of Directors, which consists of four of the Company’s non-employee directors, has the authority to grant participants incentive stock options, nonqualified stock options, restricted stock, stock appreciation rights and stock awards, for up to 11,000,000 shares of common stock. Stock Options: Stock options granted to participants under the plan generally became exercisable in equal installments over three years or cliff-vested after three years and remain exercisable until the tenth anniversary of the date of grant. All stock options granted under the Plan have an exercise price equal to or greater than the fair market value of the Company’s common stock on the grant date. The fair value of the stock options, less expected forfeitures, is amortized on a straight-line basis over the vesting term. Total compensation expense for stock option grants recognized during the three months ended April 30, 2019 and April 30, 2018 was $0.2 million (net of tax of $0.1 million) and $0.4 million (net of tax of $0.1 million), respectively. A s of April 30, 2019, there was $ million of unrecognized compensation cost related to unvested stock options. Total consideration received for stock option exercises during the three months ended April 30, 2019, and 2018 was $ million, and $ million, . The following table summarizes the Company’s stock options activity during the first quarter of fiscal 2020: Outstanding Options Weighted Average Exercise Price per Option Option Price Per Share Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value $(000) Options outstanding at January 31, 2019 (264,244 options exercisable) 566,260 $ 28.43 $ 23.35-$42.12 6.2 $ 2,654 Granted — — Exercised (5,150 ) $ 30.36 $ 30.36 Cancelled — — Options outstanding at April 30, 2019 561,110 $ 28.41 $ 23.35-$42.12 5.9 $ 4,482 Exercisable at April 30, 2019 399,905 $ 30.45 5.1 $ 2,499 Expected to vest at April 30, 2019 159,065 $ 23.35 8.0 $ 1,956 The fair value of stock options exercised during the first quarter of fiscal 2020 was approximately $ 63,000 Stock Awards: Under the Plan, the Company can also grant stock awards to employees. For the three months ended April 30, 2019 and April 30, 2018, compensation expense for stock awards was $ 1.1 0.3 1.1 0.4 13.1 . The following table summarizes the Company’s stock awards activity during the first quarter of fiscal 2020: Number of Stock Award Units Weighted- Average Grant Date Fair Value Weighted- Average Remaining Contractual Term (years) Aggregate Intrinsic Value ($(000's) Units outstanding at January 31, 2019 447,022 $ 32.27 1.4 $ 14,282 Units granted 261,067 $ 32.91 Units vested (160,483 ) $ 29.35 Units forfeited (2,263 ) $ 31.18 Units outstanding at April 30, 2019 545,343 $ 33.53 2.2 $ 17,447 Outstanding stock awards can be classified as either time-based stock awards or performance-based stock awards. Time-based stock awards vest over time subject to continued employment. Performance-based stock awards vest over time subject both to continued employment and to the achievement of corporate financial performance goals. Upon the vesting of a stock award, shares are issued from the pool of authorized shares. For performance-based stock awards the number of shares issued related to the performance units granted can vary from 0% to 150% of the target number of underlying stock award units, depending on the extent of the achievement of predetermined financial goals. The total fair value of stock award units that vested during the first quarter of fiscal 2020 was $ million. The number of shares issued related to the remaining stock awards are established at grant date.

Segment and Geographic Informat

Segment and Geographic Information	3 Months Ended
	Apr. 30, 2019
Segment Reporting [Abstract]
Segment and Geographic Information	NOTE 17 – SEGMENT AND GEOGRAPHIC INFORMATION The Company conducts its business in two operating segments: Watch and Accessory Brands and Company Stores. The Company’s Watch and Accessory Brands 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 Company Stores 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 Middle East, the Americas (excluding the United States) and Asia accounted for 34.2%, 9.1%, 8.7% and 7.7%, respectively, of the Company’s total net sales for the three months ended April 30, 2019. For the three months ended April 30, 2018, the Company’s International operations in Europe, the Americas (excluding the United States), the Middle East and Asia accounted for 32.5%, 10.8%, 10.4% and 7.9%, respectively, of the Company’s total net sales. Operating Segment Data as of and for the Three Months Ended April 30, 2019 and 2018 (in thousands): Net Sales 2019 2018 Watch and Accessory Brands: Owned brands category $ 51,919 $ 41,583 Licensed brands category 72,795 65,850 After-sales service and all other 6,781 4,666 Total Watch and Accessory Brands 131,495 112,099 Company Stores 15,054 15,050 Consolidated total $ 146,549 $ 127,149 Operating Income (3) (4) 2019 2018 Watch and Accessory Brands $ 3,095 $ 6,366 Company Stores 1,879 1,773 Consolidated total $ 4,974 $ 8,139 Total Assets (1) April 30, 2019 January 31, 2019 April 30, 2018 Watch and Accessory Brands $ 766,571 $ 735,244 $ 587,052 Company Stores 62,090 24,457 25,080 Consolidated total $ 828,661 $ 759,701 $ 612,132 (1) Total assets at April 30, 2019 include $87.4 million of operating lease right-of-use assets recorded as a result of the Company’s adoption of ASU 2016-02 on February 1, 2019 (see Note 10 – Leases). Geographic Location Data as of and for the Three Months Ended April 30, 2019 and 2018 (in thousands): Net Sales Operating Income / (Loss) (3) (4 ) 2019 2018 2019 2018 United States (1) $ 59,494 $ 48,843 $ (8,952 ) $ (5,982 ) International (2) 87,055 78,306 13,926 14,121 Consolidated total $ 146,549 $ 127,149 $ 4,974 $ 8,139 The United States and International net sales are net of intercompany sales of $77.9 million and $64.6 million for the three months ended April 30, 2019 and 2018, respectively. (1) The United States operating loss included $9.0 million and $10.1 million of unallocated corporate expenses for the three months ended April 30, 2019 and 2018, respectively. (2) The International operating income included $13.0 million and $11.0 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended April 30, 2019 and 2018, respectively. (3) During the first quarter of fiscal year 2020 and fiscal 2019, in the international location of the Watch and Accessory Brands segment, operating income included a charge of $0.7 million and $0.8 million, respectively, related to the amortization of intangible assets associated with the Olivia Burton brand. (4) During the first quarter of fiscal year 2020, in the United States location of the Watch and Accessory Brands, operating loss included a charge of $1.5 million related to the amortization of intangible assets, deferred compensation and certain acquisition accounting adjustments associated with the MVMT brand. Total Assets (1) April 30, 2019 January 31, 2019 April 30, 2018 United States $ 384,816 $ 328,014 $ 193,919 International 443,845 431,687 418,213 Consolidated total $ 828,661 $ 759,701 $ 612,132 (1) Total assets at April 30, 2019 include $87.4 million of operating lease right-of-use assets recorded as a result of the Company’s adoption of ASU 2016-02 on February 1, 2019 (see Note 10 - Leases). Property, Plant and Equipment, Net April 30, 2019 January 31, 2019 April 30, 2018 United States $ 16,980 $ 17,030 $ 16,179 International 9,085 9,037 7,381 Consolidated total $ 26,065 $ 26,067 $ 23,560

Earnings Per Share and Cash D_2

Earnings Per Share and Cash Dividends (Tables)	3 Months Ended
	Apr. 30, 2019
Earnings Per Share [Abstract]
Schedule of Number of Shares Used in Calculating Basic and Diluted Earnings (Loss) Per Share	The number of shares used in calculating basic and diluted earnings (loss) per share is as follows (in thousands): April 30, 2019 2018 Weighted average common shares outstanding: Basic 23,119 23,097 Effect of dilutive securities: Stock awards and options to purchase shares of common stock 333 351 Diluted 23,452 23,448

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Apr. 30, 2019
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 October 1, 2018 acquisition date (in thousands): Assets Acquired and Liabilities Assumed Fair Value Cash and cash equivalents $ 3,848 Trade receivables 370 Inventories 14,552 Prepaid expenses and other current assets 2,325 Property, plant and equipment 179 Other non-current assets 6,500 Goodwill 77,542 Trade name and other intangibles 28,928 Total assets acquired 134,244 Accounts payable 5,982 Accrued liabilities 9,018 Other non-current liabilities 7,064 Total liabilities assumed 22,064 Total purchase price $ 112,180
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 MVMT brand had been included in the Company’s operations commencing on February 1, 2018, based on available information relating to operations of the MVMT 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 MVMT brand acquisition been consummated at the beginning of the period for which the pro forma information is presented, or of future results. Three Months Ended April 30, 2019 2018 (1) (In thousands, except per share data) (Unaudited) Net sales $ 146,549 $ 139,564 Net income (loss) $ 3,925 $ (619 ) Basic income (loss) per share: Net income (loss) per share attributed to Movado Group, $ 0.17 $ (0.03 ) Diluted income (loss) per share: Net income (loss) per share attributed to Movado Group, Inc. $ 0.17 $ (0.03 ) (1) Includes non-recurring transaction costs of $7.0 million associated with the acquisition.
Summary of Changes in Carrying Amount of Other Intangible Assets	The changes in the carrying amount of other intangible assets during the three months ended April 30, 2019 are as follows (in thousands): Trade names Customer relationships Other (1) Total Weighted Average Amortization Period (in years) 10 7 7 Balance at January 31, 2019 $ 34,771 $ 12,181 $ 1,231 $ 48,183 Additions — — 63 63 Amortization (938 ) (506 ) (94 ) (1,538 ) Foreign exchange impact (40 ) (78 ) (20 ) (138 ) Balance at April 30, 2019 $ 33,793 $ 11,597 $ 1,180 $ 46,570 (1) Other includes fees paid related to trademarks and non-compete agreement related to Olivia Burton brand.

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Apr. 30, 2019
Inventory Disclosure [Abstract]
Components of Inventories	Inventories consisted of the following (in thousands): April 30, 2019 January 31, 2019 April 30, 2018 Finished goods $ 132,797 $ 123,947 $ 118,057 Component parts 43,304 39,752 39,651 Work-in-process 1,947 1,612 1,324 $ 178,048 $ 165,311 $ 159,032

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
	Apr. 30, 2019
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 April 30, 2019 Fair Value January 31, 2019 Fair Value April 30, 2018 Fair Value Balance Sheet Location April 30, 2019 Fair Value January 31, 2019 Fair Value April 30, 2018 Fair Value Derivatives not designated as hedging instruments: Foreign Exchange Contracts Other Assets $ 8 $ 22 $ — Accrued Liabilities $ 509 $ 156 $ 704 Total Derivative Instruments $ 8 $ 22 $ — $ 509 $ 156 $ 704

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Apr. 30, 2019
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring Basis	The following tables present the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of April 30, 2019 and 2018 and January 31, 2019 (in thousands): Fair Value at April 30, 2019 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 178 $ — $ — $ 178 Short-term investment Other current assets 152 — — 152 SERP assets - employer Other non-current assets 978 — — 978 SERP assets - employee Other non-current assets 41,268 — — 41,268 Defined benefit plan assets Other non-current liabilities — — 31,202 31,202 Hedge derivatives Other current assets — 8 — 8 Total $ 42,576 $ 8 $ 31,202 $ 73,786 Liabilities: SERP liabilities - employee Other non-current liabilities $ 41,268 $ — $ — $ 41,268 Hedge derivatives Accrued liabilities — 509 — 509 Contingent purchase price liability Other non-current liabilities — — 16,884 16,884 Total $ 41,268 $ 509 $ 16,884 $ 58,661 Fair Value at January 31, 2019 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 177 $ — $ — $ 177 Short-term investment Other current assets 155 — — 155 SERP assets - employer Other non-current assets 860 — — 860 SERP assets - employee Other non-current assets 38,170 — — 38,170 Defined benefit plan assets Other non-current liabilities — — 33,223 33,223 Hedge derivatives Other current assets — 22 — 22 Total $ 39,362 $ 22 $ 33,223 $ 72,607 Liabilities: SERP liabilities - employee Other non-current liabilities $ 38,170 $ — $ — $ 38,170 Hedge derivatives Accrued liabilities — 156 — $ 156 Contingent purchase price liability Other non-current liabilities — — 16,718 16,718 Total $ 38,170 $ 156 $ 16,718 $ 55,044 Fair Value at April 30, 2018 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 251 $ — $ — $ 251 Short-term investment Other current assets 157 — — 157 SERP assets - employer Other non-current assets 1,008 — — 1,008 SERP assets - employee Other non-current assets 37,210 — — 37,210 Hedge derivatives Other current assets — 124 — 124 Total $ 38,626 $ 124 $ — $ 38,750 Liabilities: SERP liabilities - employee Other non-current liabilities $ 37,210 $ — $ — $ 37,210 Hedge derivatives Accrued liabilities — 704 — 704 Total $ 37,210 $ 704 $ — $ 37,914
Schedule of Change in Level 3 Contingent Purchase Price Liability	The following table presents the change in the Level 3 contingent purchase price liability during the three months ended April 30, 2019: Three Months Ended April 30, (In thousands) 2019 Balance at January 31, 2019 $ 16,718 Payments — Adjustments included in earnings 166 Ending Balance $ 16,884

Leases (Tables)

Leases (Tables)	3 Months Ended
	Apr. 30, 2019
Leases [Abstract]
Components of Lease Expense	The components of lease expense were as follows (in thousands): Lease Expense Consolidated Statements of Operation Location For the Three Months Ended April 30, 2019 Operating lease expense SG&A $ 4,676 Short-term lease cost SG&A 139 Variable lease cost SG&A 1,720 Total operating lease expense $ 6,535 Finance lease cost: Amortization of right-of-use assets SG&A $ 29 Interest on lease liabilities Interest expense $ 4
Summary of Supplemental Balance Sheet Information for Leases	The following table discloses supplemental balance sheet information for the Company’s leases (in thousands): Leases Consolidated Balance Sheets Location April 30, 2019 Assets Operating Operating lease right-of-use assets $ 87,353 Finance Other non-current assets $ 370 Liabilities Current: Operating Current operating lease liabilities $ 13,771 Finance Accrued liabilities $ 113 Noncurrent: Operating Non-current operating lease liabilities $ 79,877 Finance Other non-current liabilities $ 258
Summary of Weighted-Average Remaining Lease Term and Weighted-Average Discount Rate	The following table discloses the weighted-average remaining lease term and weighted-average discount rate for the Company's leases: Lease Term and Discount Rate April 30, 2019 Weighted-average remaining lease term - in years Operating leases 7.66 Finance leases 3.15 Weighted-average discount rate: Operating leases 3.67 % Finance leases 3.86 %
Schedule of Future Minimum Lease Payments under Topic 842	Future minimum lease payments by year as of April 30, 2019 were as follows (in thousands): Fiscal Year Operating Leases Finance Leases 2020 (remaining) $ 12,879 $ 94 2021 15,758 125 2022 14,228 125 2023 12,338 49 2024 11,774 — Thereafter 41,622 — Total lease payments $ 108,599 $ 393 Less: Interest (14,951 ) (22 ) Total lease obligations $ 93,648 $ 371
Schedule of Future Minimum Lease Payments under Topic 840	Future minimum lease payments by year as of January 31, 2019 were as follows (in thousands): Fiscal Year Ending January 31, 2020 $ 14,036 2021 11,325 2022 10,135 2023 8,279 2024 7,683 Thereafter 35,020 $ 86,478
Schedule of Supplemental Cash Flow Information Related to Leases	Supplemental cash flow information related to leases was as follows (in thousands): For the Three Months Ended April 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 4,146 Operating cash flows from finance leases 4 Financing cash flows from finance leases 29 Leased assets obtained in exchange for new operating lease liabilities 489 Leased assets obtained in exchange for new financing lease liabilities 399

Equity (Tables)

Equity (Tables)	3 Months Ended
	Apr. 30, 2019
Equity [Abstract]
Components of Equity	The components of equity for the three months ended April 30, 2019 and 2018 are as follows (in thousands): Movado Group, Inc. Shareholders' Equity Preferred Stock Common Stock Class Common Stock Capital Excess Par Retained Earnings Accumulated Other Comprehensive Income Treasury Stock Total Movado Group, Inc. Shareholders' Equity Redeemable Noncontrolling Interest Balance, January 31, 2019 $ — $ 277 $ 65 $ 201,814 $ 431,180 $ 80,507 $ (217,188 ) $ 496,655 $ 3,721 Net income/ (loss) attributable to Movado Group, Inc. 3,925 3,925 (1 ) Dividends ($0.20 per share) (4,591 ) (4,591 ) Stock repurchase (2,616 ) (2,616 ) Stock options exercised 2 154 (1,390 ) (1,234 ) Supplemental executive retirement plan 34 34 Stock-based compensation expense 1,638 1,638 Net unrealized gain on investments, net of tax benefit 1 1 Amortization of prior service cost, net of tax provision of $4 13 13 Foreign currency translation adjustment (3) $ (4,184 ) (4,184 ) $ (84 ) Balance, April 30, 2019 $ — $ 279 $ 65 $ 203,640 $ 430,514 $ 76,337 $ (221,194 ) $ 489,641 $ 3,636 Preferred Stock Common Stock Class Common Stock Capital Excess Par Retained Earnings Accumulated Other Comprehensive Income Treasury Stock Total Movado Group, Inc. Shareholders' Equity Redeemable Noncontrolling Interest Balance, January 31, 2018 $ — $ 273 $ 66 $ 189,808 $ 388,739 $ 100,343 $ (208,894 ) $ 470,335 $ — Net income attributable to Movado Group, Inc. 8,115 8,115 Dividends ($0.20 per share) (4,604 ) (4,604 ) Adoption of new revenue recognition Standard (Topic 606) (724 ) (724 ) Stock repurchase (1,186 ) (1,186 ) Stock options exercised 3 3,738 (636 ) 3,105 Supplemental executive retirement plan 32 32 Stock-based compensation expense 1,214 1,214 Net unrealized gain on investments, net of tax $5 14 14 Net change in effective portion of hedging contracts, net of tax of benefit of $25 (127 ) (127 ) Foreign currency translation adjustment (3) (15,226 ) (15,226 ) Balance, April 30, 2018 $ — $ 276 $ 66 $ 194,792 $ 391,526 $ 85,004 $ (210,716 ) $ 460,948 $ — (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.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Apr. 30, 2019
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Schedule of Component of Accumulated Other Comprehensive Income (Loss)	The accumulated balances at April 30, 2019 and 2018, and January 31, 2019, related to each component of accumulated other comprehensive income (loss) are as follows (in thousands): April 30, 2019 January 31, 2019 April 30, 2018 Foreign currency translation adjustments $ 76,624 $ 80,808 $ 84,964 Available-for-sale securities 120 119 205 Hedging contracts — — (165 ) Unrecognized prior service cost related to defined benefit pension plan (407 ) (420 ) — Total accumulated other comprehensive income $ 76,337 $ 80,507 $ 85,004

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Apr. 30, 2019
Revenue From Contract With Customer [Abstract]
Summary of Net Sales Disaggregated by Customer Type	The following table presents the Company’s net sales disaggregated by customer type. Sales and usage-based taxes are excluded from net sales (in thousands). Three Months Ended Three Months Ended Customer Type April 30, 2019 April 30, 2018 Wholesale $ 115,161 $ 105,974 Direct to consumer 30,356 19,782 After-sales service 1,032 1,393 Net Sales $ 146,549 $ 127,149

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Apr. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Schedule of Stock Options Activity	The following table summarizes the Company’s stock options activity during the first quarter of fiscal 2020: Outstanding Options Weighted Average Exercise Price per Option Option Price Per Share Weighted Average Remaining Contractual Term (years) Aggregate Intrinsic Value $(000) Options outstanding at January 31, 2019 (264,244 options exercisable) 566,260 $ 28.43 $ 23.35-$42.12 6.2 $ 2,654 Granted — — Exercised (5,150 ) $ 30.36 $ 30.36 Cancelled — — Options outstanding at April 30, 2019 561,110 $ 28.41 $ 23.35-$42.12 5.9 $ 4,482 Exercisable at April 30, 2019 399,905 $ 30.45 5.1 $ 2,499 Expected to vest at April 30, 2019 159,065 $ 23.35 8.0 $ 1,956
Summary of Stock Awards Activity	The following table summarizes the Company’s stock awards activity during the first quarter of fiscal 2020: Number of Stock Award Units Weighted- Average Grant Date Fair Value Weighted- Average Remaining Contractual Term (years) Aggregate Intrinsic Value ($(000's) Units outstanding at January 31, 2019 447,022 $ 32.27 1.4 $ 14,282 Units granted 261,067 $ 32.91 Units vested (160,483 ) $ 29.35 Units forfeited (2,263 ) $ 31.18 Units outstanding at April 30, 2019 545,343 $ 33.53 2.2 $ 17,447

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	3 Months Ended
	Apr. 30, 2019
Segment Reporting [Abstract]
Operating Segment Data	Operating Segment Data as of and for the Three Months Ended April 30, 2019 and 2018 (in thousands): Net Sales 2019 2018 Watch and Accessory Brands: Owned brands category $ 51,919 $ 41,583 Licensed brands category 72,795 65,850 After-sales service and all other 6,781 4,666 Total Watch and Accessory Brands 131,495 112,099 Company Stores 15,054 15,050 Consolidated total $ 146,549 $ 127,149 Operating Income (3) (4) 2019 2018 Watch and Accessory Brands $ 3,095 $ 6,366 Company Stores 1,879 1,773 Consolidated total $ 4,974 $ 8,139 Total Assets (1) April 30, 2019 January 31, 2019 April 30, 2018 Watch and Accessory Brands $ 766,571 $ 735,244 $ 587,052 Company Stores 62,090 24,457 25,080 Consolidated total $ 828,661 $ 759,701 $ 612,132 (1) Total assets at April 30, 2019 include $87.4 million of operating lease right-of-use assets recorded as a result of the Company’s adoption of ASU 2016-02 on February 1, 2019 (see Note 10 – Leases).
Geographic Segment Data	Geographic Location Data as of and for the Three Months Ended April 30, 2019 and 2018 (in thousands): Net Sales Operating Income / (Loss) (3) (4 ) 2019 2018 2019 2018 United States (1) $ 59,494 $ 48,843 $ (8,952 ) $ (5,982 ) International (2) 87,055 78,306 13,926 14,121 Consolidated total $ 146,549 $ 127,149 $ 4,974 $ 8,139 The United States and International net sales are net of intercompany sales of $77.9 million and $64.6 million for the three months ended April 30, 2019 and 2018, respectively. (1) The United States operating loss included $9.0 million and $10.1 million of unallocated corporate expenses for the three months ended April 30, 2019 and 2018, respectively. (2) The International operating income included $13.0 million and $11.0 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended April 30, 2019 and 2018, respectively. (3) During the first quarter of fiscal year 2020 and fiscal 2019, in the international location of the Watch and Accessory Brands segment, operating income included a charge of $0.7 million and $0.8 million, respectively, related to the amortization of intangible assets associated with the Olivia Burton brand. (4) During the first quarter of fiscal year 2020, in the United States location of the Watch and Accessory Brands, operating loss included a charge of $1.5 million related to the amortization of intangible assets, deferred compensation and certain acquisition accounting adjustments associated with the MVMT brand. Total Assets (1) April 30, 2019 January 31, 2019 April 30, 2018 United States $ 384,816 $ 328,014 $ 193,919 International 443,845 431,687 418,213 Consolidated total $ 828,661 $ 759,701 $ 612,132 (1) Total assets at April 30, 2019 include $87.4 million of operating lease right-of-use assets recorded as a result of the Company’s adoption of ASU 2016-02 on February 1, 2019 (see Note 10 - Leases). Property, Plant and Equipment, Net April 30, 2019 January 31, 2019 April 30, 2018 United States $ 16,980 $ 17,030 $ 16,179 International 9,085 9,037 7,381 Consolidated total $ 26,065 $ 26,067 $ 23,560

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements - Additional Information (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Feb. 01, 2019
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Lease, right-of-use assets	$ 87,353
Lease liabilities	93,648
ASU 2016-02
New Accounting Pronouncements Or Change In Accounting Principle [Line Items]
Lease, right-of-use assets	$ 87,400	$ 97,000
Deferred rent liabilities		91,100
Tenant allowances		5,900
Lease liabilities		$ 97,000

Earnings Per Share and Cash D_3

Earnings Per Share and Cash Dividends - Schedule of Number of Shares Used in Calculating Basic and Diluted Earnings (Loss) Per Share (Details) - shares shares in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Weighted average common shares outstanding:
Basic	23,119	23,097
Effect of dilutive securities:
Stock awards and options to purchase shares of common stock	333	351
Diluted	23,452	23,448

Earnings Per Share and Cash D_4

Earnings Per Share and Cash Dividends - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Earnings Per Share [Abstract]
Dilutive common stock equivalents were excluded from the computation of diluted earnings per share	78,000	136,000
Dividends declared date	Mar. 28, 2019	Mar. 29, 2018
Cash dividend declared and payable	$ 0.20	$ 0.20
Dividend payable date	Apr. 24, 2019	Apr. 25, 2018
Dividend paid	$ 4,591	$ 4,604
Dividend payable, date of record	Apr. 10, 2019	Apr. 11, 2018

Acquisitions - Additional Infor

Acquisitions - Additional Information (Details) € in Millions	Dec. 03, 2018USD ($)	Dec. 03, 2018EUR (€)	Oct. 01, 2018USD ($)ContingentPayment	Apr. 30, 2019USD ($)	Jan. 31, 2019USD ($)	Apr. 30, 2018USD ($)
Business Acquisition [Line Items]
Goodwill				$ 135,685,000	$ 136,033,000	$ 58,484,000
City Time Distribucion, S.L.U
Business Acquisition [Line Items]
Percentage of ownership control	51.00%	51.00%
Business acquisition, net of cash acquired	$ 4,800,000	€ 4.2
MVMT Watches, Inc.
Business Acquisition [Line Items]
Business acquisition, net of cash acquired			$ 108,400,000
Business acquisition, date of acquisition			Oct. 1, 2018
Business acquisition, purchase price initial payment before tax benefits			$ 100,000,000
Business acquisition, number of future contingent payments | ContingentPayment			2
Business acquisition, cash acquired			$ 3,800,000
Inventories step-up adjustment			$ 700,000
Inventories step-up adjustment amortization period			5 months
Business combination recognized intangible assets			$ 28,928,000
Business acquisition, non-current liability			16,500,000	16,900,000
Business acquisition, non-current liability allocated to purchase price			14,500,000
Business combination, non-current liability allocated to deferred compensation expense			2,000,000
Possible outcomes for contingent consideration, minimum			0
Possible outcomes for contingent consideration, maximum			100,000,000
Goodwill			$ 77,542,000
Amortization of goodwill			15 years
MVMT Watches, Inc. | Operating Income
Business Acquisition [Line Items]
Business acquisition, increase of liability				$ 200,000
MVMT Watches, Inc. | Trade Name
Business Acquisition [Line Items]
Business combination recognized intangible assets			$ 24,700,000
Intangible asset amortization period			10 years
MVMT Watches, Inc. | Customer Relationships
Business Acquisition [Line Items]
Business combination recognized intangible assets			$ 4,200,000
Intangible asset amortization period			10 years
MVMT Watches, Inc. | Maximum
Business Acquisition [Line Items]
Business acquisition, additional purchase price future contingent payments before tax benefits			$ 100,000,000

Acquisitions - Summary of Fair

Acquisitions - Summary of Fair Value of Assets Acquired and Liabilities Assumed at Acquisition Date (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019	Oct. 01, 2018	Apr. 30, 2018
Business Acquisition [Line Items]
Goodwill	$ 135,685	$ 136,033		$ 58,484
MVMT Watches, Inc.
Business Acquisition [Line Items]
Cash and cash equivalents			$ 3,848
Trade receivables			370
Inventories			14,552
Prepaid expenses and other current assets			2,325
Property, plant and equipment			179
Other non-current assets			6,500
Goodwill			77,542
Trade name and other intangibles			28,928
Total assets acquired			134,244
Accounts payable			5,982
Accrued liabilities			9,018
Other non-current liabilities			7,064
Total liabilities assumed			22,064
Total purchase price			$ 112,180

Acquisitions - Summary of Unaud

Acquisitions - Summary of Unaudited Pro Forma Information (Details) - MVMT Watches, Inc. - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	[1]
Business Acquisition [Line Items]
Net sales	$ 146,549	$ 139,564
Net income (loss)	$ 3,925	$ (619)
Net income (loss) per share attributed to Movado Group, Inc.	$ 0.17	$ (0.03)
Net income (loss) per share attributed to Movado Group, Inc.	$ 0.17	$ (0.03)
[1]	Includes non-recurring transaction costs of $7.0 million associated with the acquisition.

Acquisitions - Summary of Una_2

Acquisitions - Summary of Unaudited Pro Forma Information (Parenthetical) (Details) $ in Millions	Apr. 30, 2018USD ($)
Business Acquisition Pro Forma Information [Abstract]
Non-recurring transaction costs	$ 7

Acquisitions - Summary of Chang

Acquisitions - Summary of Changes in Carrying Amount of Other Intangible Assets (Details) - USD ($) $ in Thousands		3 Months Ended
		Apr. 30, 2019	Jan. 31, 2019
Acquired Finite Lived Intangible Assets [Line Items]
Balance at January 31, 2019		$ 46,570	$ 48,183
Additions		63
Amortization		(1,538)
Foreign exchange impact		$ (138)
Trade Names
Acquired Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)		10 years
Balance at January 31, 2019		$ 33,793	34,771
Amortization		(938)
Foreign exchange impact		$ (40)
Customer Relationships
Acquired Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)		7 years
Balance at January 31, 2019		$ 11,597	12,181
Amortization		(506)
Foreign exchange impact		$ (78)
Other
Acquired Finite Lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)	[1]	7 years
Balance at January 31, 2019	[1]	$ 1,180	$ 1,231
Additions	[1]	63
Amortization	[1]	(94)
Foreign exchange impact	[1]	$ (20)
[1]	Other includes fees paid related to trademarks and non-compete agreement related to Olivia Burton brand.

Inventories - Components of Inv

Inventories - Components of Inventories (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019	Apr. 30, 2018
Inventory Net [Abstract]
Finished goods	$ 132,797	$ 123,947	$ 118,057
Component parts	43,304	39,752	39,651
Work-in-process	1,947	1,612	1,324
Inventories	$ 178,048	$ 165,311	$ 159,032

Debt and Lines of Credit - Addi

Debt and Lines of Credit - Additional Information (Details)	Oct. 12, 2018USD ($)	Apr. 30, 2019USD ($)BankSubsidiary	Apr. 30, 2018USD ($)BankSubsidiary	Apr. 30, 2019CHF (SFr)BankSubsidiary	Apr. 30, 2018CHF (SFr)BankSubsidiary
Debt Instrument [Line Items]
Cash paid for interest		$ 200,000	$ 200,000
Unsecured Debt | Swiss subsidiary
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		6,400,000	6,600,000	SFr 6,500,000	SFr 6,500,000
Outstanding borrowing amount		0	0
Revolving Credit Facility | Secured Debt | Credit Agreement Due on October 12, 2023
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	Oct. 12, 2023
Loan drawn under the facility		49,100,000	0	SFr 50,000,000
Line of credit facility remaining borrowing capacity		50,600,000	99,700,000
Weighted average borrowing amount		$ 49,800,000	$ 7,800,000
Weighted average interest rate		1.00%	0.96%	1.00%	0.96%
Letter of Credit
Debt Instrument [Line Items]
Credit facility matures date		Apr. 26, 2020
Outstanding borrowing amount		$ 300,000	$ 300,000
Letter of Credit | Secured Debt | Credit Agreement Due on October 12, 2023
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 15,000,000
Letter of Credit | Unsecured Debt | Swiss subsidiary
Debt Instrument [Line Items]
Number of European banks guaranteed obligations to third parties | Bank		2	2	2	2
Number of foreign subsidiaries under guaranteed obligation | Subsidiary		2	2	2	2
Guaranteed obligations to third parties		$ 1,100,000	$ 1,200,000
Restricted deposit relates to lease agreement		$ 500,000	$ 600,000
Swingline | Secured Debt | Credit Agreement Due on October 12, 2023
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	25,000,000
Swiss Borrowers | Secured Debt | Credit Agreement Due on October 12, 2023
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 75,000,000

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Details) - 3 months ended Apr. 30, 2019	USD ($)	EUR (€)	CHF (SFr)	CNY (¥)	GBP (£)
Derivatives Fair Value [Line Items]
Cash flow hedges	$ 0
Foreign Exchange Forward
Derivatives Fair Value [Line Items]
Net forward contracts hedging portfolio	$ 15,300,000	€ 14,200,000	SFr 31,000,000	¥ 40,400,000	£ 1,900,000
Maximum
Derivatives Fair Value [Line Items]
Expiry dates ranging	Oct. 29, 2019

Derivative Financial Instrume_4

Derivative Financial Instruments - Fair Value and Presentation of Derivatives (Details) - Not Designated as Hedging Instrument - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019	Apr. 30, 2018
Derivatives Fair Value [Line Items]
Asset Derivatives	$ 8	$ 22
Liability Derivatives	509	156	$ 704
Foreign Exchange Contracts | Other Current Assets
Derivatives Fair Value [Line Items]
Asset Derivatives	8	22
Foreign Exchange Contracts | Accrued Liabilities
Derivatives Fair Value [Line Items]
Liability Derivatives	$ 509	$ 156	$ 704

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019	Apr. 30, 2018
Assets:
Total assets measured at fair value	$ 73,786	$ 72,607	$ 38,750
Liabilities:
Total liabilities measured at fair value	58,661	55,044	37,914
Level 1
Assets:
Total assets measured at fair value	42,576	39,362	38,626
Liabilities:
Total liabilities measured at fair value	41,268	38,170	37,210
Level 2
Assets:
Total assets measured at fair value	8	22	124
Liabilities:
Total liabilities measured at fair value	509	156	704
Level 3
Assets:
Total assets measured at fair value	31,202	33,223
Liabilities:
Total liabilities measured at fair value	16,884	16,718
Other Current Assets | Available-for-sale securities
Assets:
Total assets measured at fair value	178	177	251
Other Current Assets | Short-term investment
Assets:
Total assets measured at fair value	152	155	157
Other Current Assets | Hedge derivatives-Assets
Assets:
Total assets measured at fair value	8	22	124
Other Current Assets | Level 1 | Available-for-sale securities
Assets:
Total assets measured at fair value	178	177	251
Other Current Assets | Level 1 | Short-term investment
Assets:
Total assets measured at fair value	152	155	157
Other Current Assets | Level 2 | Hedge derivatives-Assets
Assets:
Total assets measured at fair value	8	22	124
Other non-current assets | SERP assets - employer
Assets:
Total assets measured at fair value	978	860	1,008
Other non-current assets | SERP assets - employee
Assets:
Total assets measured at fair value	41,268	38,170	37,210
Other non-current assets | Level 1 | SERP assets - employer
Assets:
Total assets measured at fair value	978	860	1,008
Other non-current assets | Level 1 | SERP assets - employee
Assets:
Total assets measured at fair value	41,268	38,170	37,210
Other non-current liabilities | SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	41,268	38,170	37,210
Other non-current liabilities | Contingent Purchase Price Liability
Liabilities:
Total liabilities measured at fair value	16,884	16,718
Other non-current liabilities | Defined Benefit Plan Assets
Assets:
Total assets measured at fair value	31,202	33,223
Other non-current liabilities | Level 1 | SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	41,268	38,170	37,210
Other non-current liabilities | Level 3 | Contingent Purchase Price Liability
Liabilities:
Total liabilities measured at fair value	16,884	16,718
Other non-current liabilities | Level 3 | Defined Benefit Plan Assets
Assets:
Total assets measured at fair value	31,202	33,223
Accrued Liabilities | Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	509	156	704
Accrued Liabilities | Level 2 | Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	$ 509	$ 156	$ 704

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details)	3 Months Ended
	Apr. 30, 2019USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Transfers into level 1 to level 2, assets	$ 0
Transfers into level 2 to level 1, assets	0
Transfers into level 1 to level 2, liabilities	0
Transfers into level 2 to level 1, liabilities	0
Transfers into level 3, assets	0
Transfers out of level 3, assets	0
Transfers into level 3, liabilities	0
Transfers out of level 3, liabilities	$ 0
Short-term investment
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair value, investment	The fair value of the short-term investment, which is a guaranteed investment certificate, is based on its purchase price plus one half of a percent calculated annually

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Change in Level 3 Contingent Purchase Price Liability (Details) - Level 3 - Contingent Purchase Price Liability $ in Thousands	3 Months Ended
	Apr. 30, 2019USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Beginning Balance	$ 16,718
Adjustments included in earnings	166
Ending Balance	$ 16,884

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details)	Oct. 01, 2018USD ($)ContingentPayment	Dec. 31, 2016USD ($)	Apr. 30, 2019USD ($)	Jul. 31, 2018USD ($)
Loss Contingencies [Line Items]
Tax cuts and jobs act, deemed repatriation tax			$ 28,200,000
Payment of deemed repatriation tax installments period			8 years
Restricted cash deposits released				$ 1,000,000
Lawsuit filing date			October 23, 2018
Underpaid duty charges due to alternative duty methodology		$ 5,100,000
Underpaid duty methodology period covered by statute of limitation		5 years
MVMT Watches, Inc.
Loss Contingencies [Line Items]
Business acquisition, number of future contingent payments | ContingentPayment	2
MVMT Watches, Inc. | Maximum
Loss Contingencies [Line Items]
Business acquisition, additional purchase price future contingent payments before tax benefits	$ 100,000,000

Leases - Additional Information

Leases - Additional Information (Details)	3 Months Ended
	Apr. 30, 2019
Minimum
Lessee Lease Description [Line Items]
Operating leases, remaining terms	1 year
Operating leases, option to extend	true
Maximum
Lessee Lease Description [Line Items]
Operating leases, remaining terms	11 years

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) $ in Thousands	3 Months Ended
	Apr. 30, 2019USD ($)
Leases [Abstract]
Operating lease expense	$ 4,676
Short-term lease cost	139
Variable lease cost	1,720
Total operating lease expense	6,535
Finance lease cost:
Amortization of right-of-use assets	29
Interest on lease liabilities	$ 4

Leases - Summary of Supplementa

Leases - Summary of Supplemental Balance Sheet Information for Leases (Details) $ in Thousands	Apr. 30, 2019USD ($)
ASSETS
Operating	$ 87,353
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:OperatingLeaseRightOfUseAsset
Finance	$ 370
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssetsNoncurrent
Current liabilities:
Operating	$ 13,771
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	us-gaap:OperatingLeaseLiabilityCurrent
Finance	$ 113
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	us-gaap:AccruedLiabilitiesCurrent
Noncurrent:
Operating	$ 79,877
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	us-gaap:OperatingLeaseLiabilityNoncurrent
Finance	$ 258
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	us-gaap:OtherLiabilitiesNoncurrent

Leases - Summary of Weighted-Av

Leases - Summary of Weighted-Average Remaining Lease Term and Weighted-Average Discount Rate (Details)	Apr. 30, 2019
Leases [Abstract]
Operating leases, Weighted-average remaining lease term	7 years 7 months 28 days
Finance leases, Weighted-average remaining lease term	3 years 1 month 24 days
Operating leases, Weighted-average discount rate	3.67%
Finance leases, Weighted-average discount rate	3.86%

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments under Topic 842 (Details) $ in Thousands	Apr. 30, 2019USD ($)
Operating Leases
2020 (remaining)	$ 12,879
2021	15,758
2022	14,228
2023	12,338
2024	11,774
Thereafter	41,622
Total lease payments	108,599
Less: Interest	(14,951)
Total lease obligations	93,648
Finance Leases
2020 (remaining)	94
2021	125
2022	125
2023	49
Total lease payments	393
Less: Interest	(22)
Total lease obligations	$ 371

Leases - Schedule of Future M_2

Leases - Schedule of Future Minimum Lease Payments under Topic 840 (Details) $ in Thousands	Jan. 31, 2019USD ($)
Leases [Abstract]
2020	$ 14,036
2021	11,325
2022	10,135
2023	8,279
2024	7,683
Thereafter	35,020
Total operating leases	$ 86,478

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Cash Flow Information Related to Leases (Details) $ in Thousands	3 Months Ended
	Apr. 30, 2019USD ($)
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 4,146
Operating cash flows from finance leases	4
Financing cash flows from finance leases	29
Leased assets obtained in exchange for new operating lease liabilities	489
Leased assets obtained in exchange for new financing lease liabilities	$ 399

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 847,000	$ (141,000)
Effective tax rate for continuing operations	17.70%	1.80%
Corporate income tax rate	21.00%	21.00%
Income tax benefit from foreign operations	$ 0

Equity (Details)

Equity (Details) - USD ($) $ in Thousands		3 Months Ended
		Apr. 30, 2019	Apr. 30, 2018
Beginning Balance		$ 496,655	$ 470,335
Net income/ (loss) attributable to Movado Group, Inc.		3,925	8,115
Dividends		(4,591)	(4,604)
Adoption of new revenue recognition Standard (Topic 606)			(724)
Stock repurchase		(2,616)	(1,186)
Stock options exercised		(1,234)	3,105
Supplemental executive retirement plan		34	32
Stock-based compensation expense		1,638	1,214
Net unrealized gain on investments, net of tax benefit		1	14
Amortization of prior service cost, net of tax provision		13
Net change in effective portion of hedging contracts, net of tax of benefit			(127)
Foreign currency translation adjustment	[1]	(4,184)	(15,226)
Ending Balance		489,641	460,948
Common Stock Class Undefined
Beginning Balance	[2]	277	273
Stock options exercised	[2]	2	3
Ending Balance	[2]	279	276
Class A Common Stock
Beginning Balance	[3]	65	66
Ending Balance	[3]	65	66
Capital in Excess of Par Value
Beginning Balance		201,814	189,808
Stock options exercised		154	3,738
Supplemental executive retirement plan		34	32
Stock-based compensation expense		1,638	1,214
Ending Balance		203,640	194,792
Retained Earnings
Beginning Balance		431,180	388,739
Net income/ (loss) attributable to Movado Group, Inc.		3,925	8,115
Dividends		(4,591)	(4,604)
Adoption of new revenue recognition Standard (Topic 606)			(724)
Ending Balance		430,514	391,526
Accumulated Other Comprehensive Income
Beginning Balance		80,507	100,343
Net unrealized gain on investments, net of tax benefit		1	14
Amortization of prior service cost, net of tax provision		13
Net change in effective portion of hedging contracts, net of tax of benefit			(127)
Foreign currency translation adjustment	[1]	(4,184)	(15,226)
Ending Balance		76,337	85,004
Treasury Stock
Beginning Balance		(217,188)	(208,894)
Stock repurchase		(2,616)	(1,186)
Stock options exercised		(1,390)	(636)
Ending Balance		(221,194)	$ (210,716)
Redeemable Noncontrolling Interest
Beginning Balance		3,721
Net income/ (loss) attributable to Movado Group, Inc.		(1)
Foreign currency translation adjustment	[1]	(84)
Ending Balance		$ 3,636
[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 ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Dividends per share	$ 0.20	$ 0.20
Net unrealized gain on investments, tax	$ 0	$ 5
Amortization of prior service cost, tax provision	4
Net change in effective portion of hedging contracts, tax	$ 0	$ (25)
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 common stock is entitled to one vote 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.

Treasury Stock - Additional Inf

Treasury Stock - Additional Information (Details) - USD ($)	Aug. 29, 2017	Apr. 30, 2019	Apr. 30, 2018	Aug. 29, 2017	Mar. 31, 2016
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, total cost of shares repurchased		$ 2,616,000	$ 1,186,000
Existing Share Repurchase Program
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares authorized	$ 50,000,000			$ 50,000,000
Stock repurchase program, total cost of shares repurchased		$ 2,600,000	$ 1,200,000
Stock repurchase program expiration date	Aug. 29, 2020
Stock repurchase program, number of shares repurchased		78,402	30,500
Stock repurchase program, average per share price of shares repurchased		$ 33.36	$ 38.91
Stock repurchase program, remaining authorized repurchase amount		$ 38,000,000
Previously Authorized Repurchase Plan
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares authorized					$ 50,000,000
Stock repurchase program, total cost of shares repurchased				$ 5,500,000
Surrender of Shares by Employee
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares repurchased		42,127	16,111

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income - Component of Accumulated Other Comprehensive Income (loss) (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Jan. 31, 2019	Apr. 30, 2018
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Foreign currency translation adjustments	$ 76,624	$ 80,808	$ 84,964
Available-for-sale securities	120	119	205
Hedging contracts			(165)
Unrecognized prior service cost related to defined benefit pension plan	(407)	(420)
Total accumulated other comprehensive income	$ 76,337	$ 80,507	$ 85,004

Revenue - Summary of Net Sales

Revenue - Summary of Net Sales Disaggregated by Customer Type (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018
Disaggregation Of Revenue [Line Items]
Net sales	$ 146,549	$ 127,149
Wholesale
Disaggregation Of Revenue [Line Items]
Net sales	115,161	105,974
Direct to consumer
Disaggregation Of Revenue [Line Items]
Net sales	30,356	19,782
After-sales service
Disaggregation Of Revenue [Line Items]
Net sales	$ 1,032	$ 1,393

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($)	Apr. 04, 2013	Apr. 30, 2019	Apr. 30, 2018
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense		$ 200,000	$ 400,000
Compensation expense, net of tax		100,000	100,000
Unrecognized compensation cost related to unvested stock options		400,000
Cash received for stock option exercises		200,000	3,700,000
Fair value of stock options exercised		63,000
Intrinsic value of stock options exercised		47,000
Stock Award Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense		1,100,000	1,100,000
Compensation expense, net of tax		300,000	$ 400,000
Unrecognized compensation cost		13,100,000
Fair value of stock award units vested		$ 4,700,000
Performance-Based Stock Awards | Minimum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares issued percentage of target number of underlying stock award units		0.00%
Performance-Based Stock Awards | Maximum
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares issued percentage of target number of underlying stock award units		150.00%
Employee Stock Option Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of common stock shares	11,000,000
Options granted to participants exercisable period	3 years
Stock awards cliff-vested period	3 years

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Stock Options Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 30, 2019	Jan. 31, 2019
Schedule of stock options activity
Outstanding Option Beginning Balance	566,260
Exercised	(5,150)
Outstanding Option Ending Balance	561,110	566,260
Exercisable	399,905	264,244
Expected to vest	159,065
Weighted Average Exercise Price per Option, Beginning Balance	$ 28.43
Exercised. Weighted Average Exercise Price per Option	30.36
Weighted Average Exercise Price per Option, Ending Balance	28.41	$ 28.43
Exercisable, Weighted Average Exercise Price per Option	30.45
Expected to vest, Weighted Average Exercise Price per Option	23.35
Option Price Per Share, Exercised	$ 30.36
Options outstanding, Weighted Average Remaining Contractual Term (years)	5 years 10 months 24 days	6 years 2 months 12 days
Exercisable, Weighted Average Remaining Contractual Term (years)	5 years 1 month 6 days
Expected to vest, Weighted Average Remaining Contractual Term (years)	8 years
Options outstanding, Aggregate Intrinsic Value	$ 4,482	$ 2,654
Exercisable, Aggregate Intrinsic Value	2,499
Expected to vest, Aggregate Intrinsic Value	$ 1,956
Minimum
Schedule of stock options activity
Option Price Per Share, Beginning Balance	$ 23.35
Option Price Per Share, Ending Balance	23.35	$ 23.35
Maximum
Schedule of stock options activity
Option Price Per Share, Beginning Balance	42.12
Option Price Per Share, Ending Balance	$ 42.12	$ 42.12

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of Stock Options Activity (Parenthetical) (Details) - shares	Apr. 30, 2019	Jan. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Exercisable	399,905	264,244

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Awards Activity (Details) - Stock Award Units - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 30, 2019	Jan. 31, 2019
Number of Stock Award Units
Stock Award Units, Beginning Balance	447,022
Units granted	261,067
Units vested	(160,483)
Units forfeited	(2,263)
Stock Award Units, Ending Balance	545,343	447,022
Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value, Beginning Balance	$ 32.27
Units granted, Weighted Average Grant Date Fair Value	32.91
Units vested, Weighted Average Grant Date Fair Value	29.35
Units forfeited, Weighted Average Grant Date Fair Value	31.18
Weighted Average Grant Date Fair Value Ending Balance	$ 33.53	$ 32.27
Weighted-Average Remaining Contractual Term (years)
Units outstanding, Weighted-Average Remaining Contractual Term (years)	2 years 2 months 12 days	1 year 4 months 24 days
Aggregate Intrinsic Value
Units outstanding, Aggregate Intrinsic Value	$ 17,447	$ 14,282

Segment and Geographic Inform_3

Segment and Geographic Information - Additional Information (Details) $ in Thousands	3 Months Ended
	Apr. 30, 2019USD ($)SegmentLocation	Apr. 30, 2018USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | Segment	2
Number of geographic locations | Location	2
Net sales	$ 146,549	$ 127,149
Intersegment Eliminations
Segment Reporting Information [Line Items]
Net sales	$ 77,900	$ 64,600
Geographic Concentration Risk | Europe | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	34.20%	32.50%
Geographic Concentration Risk | Middle East | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	9.10%	10.80%
Geographic Concentration Risk | Americas (excluding the United States) | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	8.70%	10.40%
Geographic Concentration Risk | Asia | Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	7.70%	7.90%

Segment and Geographic Inform_4

Segment and Geographic Information - Operating Segment Data (Details) - USD ($) $ in Thousands		3 Months Ended
		Apr. 30, 2019	Apr. 30, 2018	Jan. 31, 2019
Operating segment data
Net sales		$ 146,549	$ 127,149
Operating Income	[1],[2]	4,974	8,139
Total Assets	[3]	828,661	612,132	$ 759,701
Watch and Accessory Brands
Operating segment data
Net sales		131,495	112,099
Operating Income	[1]	3,095	6,366
Total Assets	[3]	766,571	587,052	735,244
Watch and Accessory Brands | Owned brands category
Operating segment data
Net sales		51,919	41,583
Watch and Accessory Brands | Licensed brands category
Operating segment data
Net sales		72,795	65,850
Watch and Accessory Brands | After-sales service and all other
Operating segment data
Net sales		6,781	4,666
Company Stores
Operating segment data
Net sales		15,054	15,050
Operating Income	[1]	1,879	1,773
Total Assets	[3]	$ 62,090	$ 25,080	$ 24,457
[1]	During the first quarter of fiscal year 2020 and fiscal 2019, in the international location of the Watch and Accessory Brands segment, operating income included a charge of $0.7 million and $0.8 million, respectively, related to the amortization of intangible assets associated with the Olivia Burton brand.
[2]	During the first quarter of fiscal year 2020, in the United States location of the Watch and Accessory Brands, operating loss included a charge of $1.5 million related to the amortization of intangible assets, deferred compensation and certain acquisition accounting adjustments associated with the MVMT brand.
[3]	Total assets at April 30, 2019 include $87.4 million of operating lease right-of-use assets recorded as a result of the Company’s adoption of ASU 2016-02 on February 1, 2019 (see Note 10 – Leases).

Segment and Geographic Inform_5

Segment and Geographic Information - Operating Segment Data (Parenthetical) (Details) - USD ($) $ in Thousands	Apr. 30, 2019	Feb. 01, 2019
Segment Reporting Information [Line Items]
Operating lease right-of-use assets	$ 87,353
ASU 2016-02
Segment Reporting Information [Line Items]
Operating lease right-of-use assets	$ 87,400	$ 97,000

Segment and Geographic Inform_6

Segment and Geographic Information - Geographic Location Data (Details) - USD ($) $ in Thousands		3 Months Ended
		Apr. 30, 2019	Apr. 30, 2018	Jan. 31, 2019
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales		$ 146,549	$ 127,149
Operating Income / (Loss)	[1],[2]	4,974	8,139
Total Assets	[3]	828,661	612,132	$ 759,701
Property, plant and equipment, net		26,065	23,560	26,067
United States
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	[4]	59,494	48,843
Operating Income / (Loss)	[1],[2],[4]	(8,952)	(5,982)
Total Assets	[3]	384,816	193,919	328,014
Property, plant and equipment, net		16,980	16,179	17,030
International
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	[5]	87,055	78,306
Operating Income / (Loss)	[1],[2],[5]	13,926	14,121
Total Assets	[3]	443,845	418,213	431,687
Property, plant and equipment, net		$ 9,085	$ 7,381	$ 9,037
[1]	During the first quarter of fiscal year 2020 and fiscal 2019, in the international location of the Watch and Accessory Brands segment, operating income included a charge of $0.7 million and $0.8 million, respectively, related to the amortization of intangible assets associated with the Olivia Burton brand.
[2]	During the first quarter of fiscal year 2020, in the United States location of the Watch and Accessory Brands, operating loss included a charge of $1.5 million related to the amortization of intangible assets, deferred compensation and certain acquisition accounting adjustments associated with the MVMT brand.
[3]	Total assets at April 30, 2019 include $87.4 million of operating lease right-of-use assets recorded as a result of the Company’s adoption of ASU 2016-02 on February 1, 2019 (see Note 10 – Leases).
[4]	The United States operating loss included $9.0 million and $10.1 million of unallocated corporate expenses for the three months ended April 30, 2019 and 2018, respectively.
[5]	The International operating income included $13.0 million and $11.0 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended April 30, 2019 and 2018, respectively.

Segment and Geographic Inform_7

Segment and Geographic Information - Geographic Location Data (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2019	Apr. 30, 2018	Feb. 01, 2019
Segment Reporting Information [Line Items]
Unallocated corporate expenses	$ 9,000	$ 10,100
Profits related to the company's supply chain operations	13,000	11,000
Charge related to the amortization of intangible assets	1,538
Operating lease right-of-use assets	87,353
ASU 2016-02
Segment Reporting Information [Line Items]
Operating lease right-of-use assets	87,400		$ 97,000
Watch and Accessory Brands | International
Segment Reporting Information [Line Items]
Charge related to the amortization of intangible assets	700	$ 800
Watch and Accessory Brands | United States | MVMT Watches, Inc.
Segment Reporting Information [Line Items]
Charge related to the amortization of intangible assets	$ 1,500