Movado (MOV) 10-Q5 Dec 242025 Q3 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Oct. 31, 2024	Dec. 02, 2024
Document Type	10-Q
Amendment Flag	false
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Document Period End Date	Oct. 31, 2024
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q3
Trading Symbol	MOV
Entity Registrant Name	MOVADO GROUP, INC.
Entity Central Index Key	0000072573
Current Fiscal Year End Date	--01-31
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	1-16497
Entity Tax Identification Number	13-2595932
Entity Address, Address Line One	650 From Road
Entity Address, Address Line Two	Ste. 375
Entity Address, City or Town	Paramus
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07652-3556
City Area Code	201
Local Phone Number	267-8000
Document Quarterly Report	true
Document Transition Report	false
Entity Incorporation, State or Country Code	NY
Entity Interactive Data Current	Yes
Title of 12(b) Security	Common Stock, par value $0.01 per share
Security Exchange Name	NYSE
Common Stock Class Undefined
Entity Common Stock, Shares Outstanding		15,684,480
Class A Common Stock
Entity Common Stock, Shares Outstanding		6,458,376

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Oct. 31, 2024	Jan. 31, 2024	Oct. 31, 2023
Current assets:
Cash and cash equivalents	$ 181,548	$ 262,059	$ 200,965
Trade receivables, net	139,163	104,472	135,523
Inventories	168,929	148,031	171,966
Other current assets	22,625	17,962	18,856
Income taxes receivable	7,922	11,354	11,135
Total current assets	520,187	543,878	538,445
Property, plant and equipment, net	20,480	19,436	19,458
Operating lease right-of-use assets	88,892	82,661	84,212
Deferred and non-current income taxes	43,767	43,016	44,814
Other intangibles, net	6,192	7,493	7,688
Other non-current assets	86,358	72,598	68,780
Total assets	765,876	769,082	763,397
Current liabilities:
Accounts payable	29,429	32,775	22,998
Accrued liabilities	51,245	38,695	57,165
Accrued payroll and benefits	12,541	7,591	10,317
Current operating lease liabilities	18,851	15,696	15,885
Income taxes payable	9,760	18,318	20,024
Total current liabilities	121,826	113,075	126,389
Deferred and non-current income taxes payable	1,188	8,234	7,966
Non-current operating lease liabilities	79,410	76,396	76,929
Other non-current liabilities	57,028	52,420	49,195
Total liabilities	259,452	250,125	260,479
Commitments and contingencies (Note 9)
Equity:
Preferred Stock, $0.01 par value, 5,000,000 shares authorized; no shares issued	0	0	0
Capital in excess of par value	243,311	239,062	236,438
Retained earnings	458,660	470,317	465,919
Accumulated other comprehensive income	90,323	92,335	81,727
Treasury Stock, 13,490,483, 13,328,095 and 13,282,860 shares, respectively, at cost	(289,067)	(285,270)	(283,998)
Total Movado Group, Inc. shareholders' equity	503,583	516,798	500,439
Noncontrolling interest	2,841	2,159	2,479
Total equity	506,424	518,957	502,918
Total liabilities and equity	765,876	769,082	763,397
Common Stock Class Undefined
Equity:
Common Stock	292	290	289
Class A Common Stock
Equity:
Common Stock	$ 64	$ 64	$ 64

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (PARENTHETICAL) - $ / shares	Oct. 31, 2024	Jan. 31, 2024	Oct. 31, 2023
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	13,490,483	13,328,095	13,282,860
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	29,174,709	29,004,001	28,879,497
Common Stock, shares outstanding	29,174,709	29,004,001	28,879,497
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	6,458,376	6,483,116	6,483,116
Common Stock, shares outstanding	6,458,376	6,483,116	6,483,116

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Income Statement [Abstract]
Net sales		$ 182,727	$ 187,686	$ 478,709	$ 492,981
Cost of sales		84,331	85,358	218,435	219,364
Gross profit		98,396	102,328	260,274	273,617
Selling, general and administrative		91,846	81,636	247,383	232,378
Operating income	[1]	6,550	20,692	12,891	41,239
Non-operating income/(expense):
Other income, net		1,522	1,632	5,571	4,194
Interest expense		(144)	(135)	(372)	(361)
Income before income taxes		7,928	22,189	18,090	45,072
Provision for income taxes (Note 10)		2,495	4,519	5,733	9,938
Net income		5,433	17,670	12,357	35,134
Less: Net income attributable to noncontrolling interests		383	281	695	568
Net income attributable to Movado Group, Inc.		$ 5,050	$ 17,389	$ 11,662	$ 34,566
Basic income per share:
Weighted basic average shares outstanding		22,283	22,209	22,280	22,222
Net income per share attributable to Movado Group, Inc.		$ 0.23	$ 0.78	$ 0.52	$ 1.56
Diluted income per share:
Weighted diluted average shares outstanding		22,559	22,677	22,627	22,641
Net income per share attributable to Movado Group, Inc.		$ 0.22	$ 0.77	$ 0.52	$ 1.53

[1] The operating (loss)/income in the United States and International locations of the Watch and Accessory Brands segment included a pre-tax charge of $ 1.5 million and $ 1.2 million, respectively, related to the Company’s cost-savings initiative for the three and nine months ended October 2024.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 5,433	$ 17,670	$ 12,357	$ 35,134
Other comprehensive income/(loss):
Net unrealized gain/(loss) on investments, net of tax provision/(benefit) of $1, ($3), $8 and ($13), respectively	4	(9)	24	(38)
Amortization of prior service cost, net of tax provision of $3, $4, $10 and $12, respectively	13	15	37	45
Foreign currency translation adjustments	2,266	(10,066)	(2,247)	256
Accumulated other comprehensive (loss)/income before reclassification, net of tax (benefit)/provision of ($37), $56, $1 and $51, respectively	(186)	284	4	260
Amounts reclassified from accumulated other comprehensive income/(loss), net of tax provision/(benefit) of $76, ($61), $33 and ($18), respectively	388	(307)	170	(91)
Total other comprehensive income/(loss), net of taxes	2,485	(10,083)	(2,012)	432
Comprehensive income/(loss) attributable to noncontrolling interests:
Net income	383	281	695	568
Foreign currency translation adjustments	(1)	(136)	(13)	(247)
Total comprehensive income attributable to noncontrolling interests	382	145	682	321
Total comprehensive income attributable to Movado Group, Inc.	$ 7,536	$ 7,442	$ 9,663	$ 35,245

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (PARENTHETICAL) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Statement of Comprehensive Income [Abstract]
Net unrealized gain/(loss) on investments, tax provision/(benefit)	$ 1	$ (3)	$ 8	$ (13)
Amortization of prior service cost, tax provision	3	4	10	12
Accumulated other comprehensive (loss)/income before reclassification, net of tax (benefit)/provision	(37)	56	1	51
Amounts reclassified from accumulated other comprehensive income/(loss), net of tax provision/(benefit)	$ 76	$ (61)	$ 33	$ (18)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Cash flows from operating activities:
Net income	$ 12,357	$ 35,134
Adjustments to reconcile net income to net cash (used in)/provided by operating activities:
Depreciation and amortization	6,960	7,278
Transactional losses	594	204
Provision for inventories and accounts receivable	4,489	3,803
Deferred income taxes	(1,582)	(2,032)
Stock-based compensation	4,094	5,529
Other	265	754
Changes in assets and liabilities:
Trade receivables	(37,026)	(42,027)
Inventories	(24,697)	10,758
Other current assets	(4,675)	4,107
Accounts payable	(3,709)	(7,492)
Accrued liabilities	11,974	12,336
Accrued payroll and benefits	4,994	(7,039)
Income taxes receivable	8,374	(4,494)
Income taxes payable	(19,855)	(10,014)
Other non-current assets	(3,141)	1,293
Other non-current liabilities	(43)	(730)
Net cash (used in)/provided by operating activities	(40,627)	7,368
Cash flows from investing activities:
Capital expenditures	(6,368)	(6,627)
Long-term investments	(5,467)	(2,040)
Trademarks and other intangibles	(86)	(113)
Net cash used in investing activities	(11,921)	(8,780)
Cash flows from financing activities:
Dividends paid	(23,319)	(45,399)
Stock repurchases	(2,628)	(2,349)
Distribution of noncontrolling interest earnings	0	(780)
Stock awards and options exercised and other changes	(1,101)	(73)
Net cash used in financing activities	(27,048)	(48,601)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(917)	(377)
Net decrease in cash, cash equivalents and restricted cash	(80,513)	(50,390)
Cash, cash equivalents, and restricted cash at beginning of year	262,814	252,179
Cash, cash equivalents, and restricted cash at end of period	182,301	201,789
Reconciliation of cash, cash equivalents, and restricted cash:
Cash and cash equivalents	181,548	200,965
Restricted cash included in other non-current assets	753	824
Cash, cash equivalents, and restricted cash at end of period	$ 182,301	$ 201,789

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 5,050	$ 17,389	$ 11,662	$ 34,566

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Oct. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Rule 10b5-1 Arrangement Modified	false
Non-Rule 10b5-1 Arrangement Modified	false

Basis of Presentation

Basis of Presentation	9 Months Ended
Basis of Presentation	Oct. 31, 2024
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, 2024 (the “2024 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, 2024 is derived from the audited annual financial statements, which are included in the Company’s 2024 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	9 Months Ended
Recent Accounting Pronouncements	Oct. 31, 2024
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	NOTE 2 – RECENT ACCOUNTING PRONOUNCEMENTS In November 2023, the Financial Accounting Standards Board ("FASB") issued ASU 2023-07 "Improvements to Reportable Segment Disclosures" which requires expanded disclosures about an entity's reportable segments, including more enhanced information about a reportable segment's expenses, interim segment profit or loss, and how an entity's chief operating decision maker uses reported segment profit or loss information in assessing segment performance and allocating resources. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within the fiscal years beginning after December 15, 2024. ASU 2023-07 should be adopted on a retrospective basis. Early adoption is permitted. The Company plans to adopt ASU 2023-07 in the fourth quarter of fiscal year 2025 and the adoption will result in additional segment-related footnote disclosures within the notes to the Consolidated Financial Statements. In December 2023, the FASB issued ASU 2023-09 "Improvements to Income Tax Disclosures" which requires expanded income tax disclosures primarily related to an entity's effective tax rate reconciliation and income taxes paid. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, and should be adopted on a prospective basis. Early adoption is permitted. The Company is currently evaluating this ASU to determine the timing and impact of adoption on its Consolidated Financial Statements and related disclosures.

Cost-Savings Initiative

Cost-Savings Initiative	9 Months Ended
Cost-Savings Initiative	Oct. 31, 2024
Restructuring and Related Activities [Abstract]
Cost-Savings Initiative	NOTE 3 - COST-SAVINGS INITIATIVE During the third quarter of fiscal year 2025, in light of the ongoing challenging consumer-spending environment, the Company committed to a cost-savings initiative to reduce operating expenses through headcount reductions, bringing them more in line with sales. During the third quarter of fiscal year 2025, the Company recorded to date $ 2.7 million in severance and payroll related charge s which are included in Selling, general and administrative in the Consolidated Statements of Operations for the three and nine months ended October 31, 2024. The amounts are included in the Watch and Accessory segment with $ 1.5 million in the United States locations and $ 1.2 million in the International locations. The Company expects the severance and payroll related expenses to be paid out within the next twelve months. $ 0.3 million was paid during the third quarter of fiscal 2025 and the remaining $ 2.4 million is included in Accrued payroll and benefits in the Consolidated Balance Sheet at October 31, 2024.

Earnings Per Share and Cash Div

Earnings Per Share and Cash Dividends	9 Months Ended
Earnings Per Share and Cash Dividends	Oct. 31, 2024
Earnings Per Share [Abstract]
Earnings Per Share and Cash Dividends	NOTE 4 – EARNINGS PER SHARE AND CASH DIVIDENDS The Company presents net income attributable to Movado Group, Inc. after adjusting for noncontrolling interests, 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 per share is as follows (in thousands): Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Weighted average common shares outstanding: Basic 22,283 22,209 22,280 22,222 Effect of dilutive securities: Stock awards and options to purchase shares of 276 468 347 419 Diluted 22,559 22,677 22,627 22,641 For the three months ended October 31, 2024 and 2023, approximately 751,000 a nd 497,000 , respectively, of potentially dilutive common stock equivalents were excluded from the computation of diluted earnings per share because their effect would have been antidilutive. For the nine months ended October 31, 2024 and 2023, approximately 694,000 and 671,000 , respectively, of potentially dilutive common stock equivalents were excluded from the computation of diluted earnings per share because their effect would have been antidilutive. During the nine months ended October 31, 2024, the Company has declared and paid a total of three separate cash dividends of $ 0.35 per share aggregating to $ 23.3 million. During the nine months ended October 31, 2023, the Company declared and paid three separate cash dividends of $ 0.35 per share and a special cash dividend of $ 1.00 per share aggregating to $ 45.4 million.

Inventories

Inventories	9 Months Ended
Inventories	Oct. 31, 2024
Inventory Disclosure [Abstract]
Inventories	NOTE 5 – INVENTORIES Inventories consisted of the following (in thousands): October 31, January 31, October 31, Finished goods $ 139,501 $ 117,909 $ 141,109 Component parts 25,802 26,386 27,217 Work-in-process 3,626 3,736 3,640 $ 168,929 $ 148,031 $ 171,966

Debt and Lines of Credit

Debt and Lines of Credit	9 Months Ended
Debt and Lines of Credit	Oct. 31, 2024
Debt Disclosure [Abstract]
Debt and Lines of Credit	NOTE 6 – DEBT AND LINES OF CREDIT The Company and its U.S. and Swiss subsidiaries (collectively, the "Borrowers") are parties to an Amended and Restated Credit Agreement originally dated October 12, 2018 (as subsequently amended, the “Credit Agreement”) with the lenders party thereto and Bank of America, N.A. as administrative agent (in such capacity, the “Agent”). The Credit Agreement provides for a $ 100.0 million senior secured revolving credit facility (the “Facility”) and has a maturity date of October 28, 2026 . 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 Borrower, with provisions for uncommitted increases to the Facility of up to $ 50.0 million in the aggregate subject to customary terms and conditions. The Credit Agreement contains affirmative and negative covenants binding on the Company and its subsidiaries that are customary for credit facilities of this type, including, but not limited to, restrictions and limitations on the incurrence of debt and liens, dispositions of assets, capital expenditures, dividends and other payments in respect of equity interests, the making of loans and equity investments, mergers, consolidations, liquidations and dissolutions, and transactions with affiliates (in each case, subject to various exceptions). The borrowings under the Facility are joint and several obligations of the Borrowers and are also cross-guaranteed by each Borrower, except that the Swiss Borrower is not liable for, nor does it guarantee, the obligations of the U.S. Borrowers. In addition, the Borrowers' obligations under the Facility are secured by first priority liens, subject to permitted liens, on substantially all of the U.S. Borrowers' assets other than certain excluded assets. The Swiss Borrower does not provide collateral to secure the obligations under the Facility. As of both October 31, 2024, and October 31, 2023, there were no amounts of loans outstanding under the Facility. Availability under the Facility was reduced by the aggregate number of letters of credit outstanding, issued in connection with retail and operating facility leases to various landlords and for Canadian payroll to the Royal Bank of Canada, totaling approximately $ 0.3 million at both October 31, 2024 and October 31, 2023. At October 31, 2024, the letters of credit have expiration dates throug h June 2, 2025 . As of both October 31, 2024, and October 31, 2023, availability under the Facility was $ 99.7 m illion. The Company had weighted average borrowings under the Facility of zero during both the three and nine months ended October 31, 2024 and 2023, respectively. The Company's Swiss subsidiary maintains unsecured lines of credit with a Swiss bank that are subject to repayment upon demand. As of October 31, 2024, and 2023, these lines of credit totaled 6.5 million Swiss Francs for both periods, with a dollar equivalent of $ 7.5 million and $ 7.1 million, respectively. As of October 31, 2024, and 2023, there were no borrowings against these lines. As of October 31, 2024 and 2023, two European banks had guaranteed obligations to third parties on behalf of two of the Company’s foreign subsidiaries in the dollar equivalent of $ 1.4 million and $ 1.5 million, respectively, in various foreign currencies, of which $ 0.8 million and $ 0.8 million ($ 0.1 million was refunded in November 2023), 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 the nine month periods ended October 31, 2024 and October 31, 2023 and amortization of debt fees was $ 0.2 million for both the nine month periods ended October 31, 2024 and October 31, 2023.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
Derivative Financial Instruments	Oct. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	NOTE 7 – DERIVATIVE FINANCIAL INSTRUMENTS The Company addresses certain financial exposures that include the use of derivative financial instruments. The Company enters into foreign currency forward contracts to reduce the effects of fluctuating foreign currency exchange rates. As of October 31, 2024, the Company's net forward contracts hedging portfolio designated as qualified cash flow hedging instruments consisted of 9.0 million Euros equivalent with various expiry dates ranging through November 27, 2024 . The net gain or loss on the derivatives is reported as a component of accumulated other comprehensive income/(loss) and reclassified into earnings in the same period during which the hedged transaction affects earnings using the same revenue or expense category that the hedged item impacted. The Company also enters into foreign currency forward contracts not designated as qualified hedges in accordance with ASC 815, Derivatives and Hedging . As of October 31, 2024, the Company’s net forward contracts hedging portfolio not designated as qualified hedges consisted of 7.3 million Chinese Yuan equivalent, 30.0 million Swiss Francs equivalent, 29.6 million U.S. dollars eq uivalent, 24.0 million Euros equivalent and 4.8 million British Pounds equivalent with various expiry dates ranging through April 10, 2025 . Changes in the fair value of these derivatives are recognized in earnings in the period they arise. Net gains or losses related to these forward contracts are included in cost of sales, selling and general and administrative expenses in the Consolidated Statements of Operations. The cash flows related to these foreign currency contracts are classified in operating activities. The following table presents the fair values of the Company's derivative financial instruments included in the Consolidated Balance Sheets as of October 31, 2024, January 31, 2024 and October 31, 2023 (in thousands): Asset Derivatives Liability Derivatives Balance October 31, January 31, October 31, Balance October 31, January 31, October 31, Derivatives designated as hedging instruments: Foreign Exchange Contracts Other Current $ 219 $ 26 $ — Accrued $ — $ 11 $ 5 Total Derivative Instruments $ 219 $ 26 $ — $ — $ 11 $ 5 Asset Derivatives Liability Derivatives Balance October 31, January 31, October 31, Balance October 31, January 31, October 31, Derivatives not designated as hedging instruments: Foreign Exchange Contracts Other Current $ 154 $ 528 $ — Accrued $ 77 $ — $ 650 Total Derivative Instruments $ 154 $ 528 $ — $ 77 $ — $ 650 As of October 31, 2024, January 31, 2024 and October 31, 2023, the balance of net deferred gains on derivative financial instruments designated as cash flow hedges included in accumulated other comprehensive income/(loss) were $ 0.2 million, $ 43,000 and ($ 2,000 ), respectively. For the three months ended October 31, 2024, and October 31, 2023, the Company reclassified ( $ 0.4 ) million and $ 0.3 million, respectively, from accumulated other comprehensiv e (loss)/income to Net sales in the Consolidated Statements of Operations. For the nine months ended October 31, 2024, and October 31, 2023, the Compa ny reclassified ( $ 0.2 ) million and $ 0.1 million, respectively, from accumulated other comprehensiv e (loss)/income to Net sales in the Consolidated Statements of Operations. No ineffectiveness has been recorded for the three and nine months ended October 31, 2024. See Note 8 - Fair Value Measurements for fair value and presentation in the Consolidated Balance Sheets for derivatives.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
Fair Value Measurements	Oct. 31, 2024
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 October 31, 2024 and 2023 and January 31, 2024 (in thousands): Fair Value at October 31, 2024 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 278 $ — $ — $ 278 Short-term investment Other current assets 149 — — 149 SERP assets - employer Other non-current assets 737 — — 737 SERP assets - employee Other non-current assets 53,869 — — 53,869 Defined benefit plan assets Other non-current liabilities — — 35,524 35,524 Hedge derivatives Other current assets — 373 — 373 Total $ 55,033 $ 373 $ 35,524 $ 90,930 Liabilities: SERP liabilities - employee Other non-current liabilities $ 53,869 $ — $ — $ 53,869 Hedge derivatives Accrued liabilities — 77 — 77 Total $ 53,869 $ 77 $ — $ 53,946 Fair Value at January 31, 2024 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 246 $ — $ — $ 246 Short-term investment Other current assets 155 — — 155 SERP assets - employer Other non-current assets 510 — — 510 SERP assets - employee Other non-current assets 48,800 — — 48,800 Defined benefit plan assets Other non-current liabilities — — 33,731 33,731 Hedge derivatives Other current assets — 554 — 554 Total $ 49,711 $ 554 $ 33,731 $ 83,996 Liabilities: SERP liabilities - employee Other non-current liabilities $ 48,800 $ — $ — $ 48,800 Hedge derivatives Accrued liabilities — 11 — 11 Total $ 48,800 $ 11 $ — $ 48,811 Fair Value at October 31, 2023 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 213 $ — $ — $ 213 Short-term investment Other current assets 150 — — 150 SERP assets - employer Other non-current assets 591 — — 591 SERP assets - employee Other non-current assets 45,534 — — 45,534 Defined benefit plan assets Other non-current liabilities — — 29,712 29,712 Hedge derivatives Other current assets — — — — Total $ 46,488 $ — $ 29,712 $ 76,200 Liabilities: SERP liabilities - employee Other non-current liabilities $ 45,534 $ — $ — $ 45,534 Hedge derivatives Accrued liabilities — 655 — 655 Total $ 45,534 $ 655 $ — $ 46,189 The fair values of the Company’s available-for-sale securities are based on quoted market 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 one 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 consist of cash flow hedging instruments and forward contracts (see Note 7 for further discussion) and are entered into by the Company principally to reduce its exposure to Swiss Franc and Euro exchange rate risks. Fair values of the Company’s hedge derivatives are calculated based on quoted foreign exchange rates and quoted interest rates. The Company sponsors a defined benefit pension plan in Switzerland. 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 defined benefit plan and included in other non-current liabilities in the Consolidated Balance Sheets at October 31, 2024, January 31, 2024, and October 31, 2023. There were no transfers between any levels of the fair value hierarchy for any of the Company’s fair value measurements. Investments Without Readily Determinable Fair Values From time to time the Company may make minority investments in growth companies in the consumer products sector and other sectors relevant to its business, including certain of the Company's suppliers and customers, as well as in venture capital funds that invest in companies in media, entertainment, information technology and technology-related fields and in digital assets. Through fiscal 2024, the Company invested approximately $ 8.4 million and during the first nine months of fiscal 2025, the Company invested an additional $ 5.5 m illion in venture capital funds. The Company has evaluated and will regularly evaluate the carrying value of its investments. One consumer products company in which the Company made an equity investment in fiscal year 2022 sold its business and assets in the first quarter of fiscal 2024 in a transaction tha t yielded little return for equity holders. As a result, the Company fully impaired its $ 0.5 million investment in this entity in the first quarter of fiscal 2024, and the impairment is recorded in Other income, net in the Consolidated Statements of Operations. The carrying value of the investments are recorded in Other non-current assets in the Consolidated Balance Sheets at October 31, 2024, January 31, 2024 and October 31, 2023.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Oct. 31, 2024
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, and also includes service agreements. The Company sources, distributes, advertises and sells watches and jewelry 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 renewal options, provided that minimum sales levels are achieved. Additionally, the license agreements require the Company to pay minimum annual advertising amounts. The Company believes that income tax reserves are adequate; however, amounts asserted by taxing authorities could be greater or less than amounts accrued and reflected in the Consolidated Balance 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. 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 disputed the reasonableness of the Company’s historical allocation formulas and proposed an alternative methodology that would imply $ 5.1 million in underpaid duties for all imports that entered the United States during the audit period which extended from August 1, 2011 through July 15, 2016, plus possible penalties and interest. Although the Company believes that U.S. Customs’ alternative duty methodology and estimate were not consistent with the Company’s facts and circumstances and consistently disputed U.S. Customs’ position, the Company previously established reserves for a portion of the alleged underpayment indicated in the audit report. Between February 2017 and January 2021, the Company made numerous submissions to U.S. Customs containing supplemental analyses and information in response to U.S. Customs’ information requests. On May 1, 2023, the statute of limitations lapsed with respect to all entries encompassed by the audit period. As a result, during the second quarter of fiscal 2024, the Company released the reserves that it had established in respect of those entries. 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 October 31, 2024, the Company is party to legal proceedings and contingencies, the resolution of which is not expected to materially affect its financial condition, future results of operations beyond the amounts accrued, or cash flows.

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Oct. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 10 – INCOME TAXES The Company recorded an income tax provision of $ 2.5 million and $ 4.5 million for the three months ended October 31, 2024 and 2023, respectively. The effective tax rate was 31.5 % and 20.4 % for the three months ended October 31, 2024 and 2023, respectively. The significant components of the effective tax rate changed primarily due to the tax consequences of a foreign currency gain related to an extraordinary intercompany dividend, an increase in valuation allowances against certain foreign losses and a limitation on a portion of the foreign tax credits and deductions related to the tax on Global Intangible Low-Taxed Income ("GILTI"). The Company recorded an income tax provision of $ 5.7 million and $ 9.9 million for the nine months ended October 31, 2024 and 2023, respectively. The effective tax rate was 31.7 % and 22.0 % for the nine months ended October 31, 2024 and 2023, respective ly. The significant components of the effective tax rate changed primarily due to the tax consequences on a foreign currency gain related to an extraordinary intercompany dividend, a limitation on a portion of the foreign tax credits and deductions related to the tax on GILTI and an increase in valuation allowances against certain foreign losses. At October 31, 2024, the Company had no deferred tax liability for substantially all of the undistributed foreign earnings of approximately $ 246.5 million because the Company intends to permanently reinvest such earnings in its foreign operations. It is not practicable to estimate the tax liability related to a future distribution of these permanently reinvested foreign earnings.

Equity

Equity	9 Months Ended
Equity	Oct. 31, 2024
Equity [Abstract]
Equity	NOTE 11 – EQUITY The components of equity for the three and nine months ended October 31, 2024 and 2023 are as follows (in thousands): Movado Group, Inc. Shareholders' Equity for the three months ended October 31, 2024 and 2023 Preferred Common Stock (1) Common Stock Class A (2) Class A Amount Capital in of Value Retained Accumulated Treasury Noncontrolling Total Balance, July 31, 2024 $ — 29,170 $ 292 6,458 $ 64 $ 242,039 $ 461,382 $ 87,838 $ ( 287,499 ) $ 2,459 $ 506,575 Net income attributable to Movado Group, Inc. 5,050 383 5,433 Dividends ($ 0.35 per share) ( 7,772 ) ( 7,772 ) Stock awards and options exercised 5 ( 26 ) ( 26 ) Stock repurchases ( 1,542 ) ( 1,542 ) Conversion of Class A Common Stock to Common Stock - Supplemental executive retirement plan 33 33 Stock-based compensation expense 1,239 1,239 Net unrealized gain on investments, net of tax provision of $ 1 4 4 Net change in effective portion of hedging contracts, net of tax provision of $ 39 202 202 Amortization of prior service cost, net of tax provision of $ 3 13 13 Foreign currency translation adjustment (3) 2,266 ( 1 ) 2,265 Balance, October 31, 2024 $ — 29,175 $ 292 6,458 $ 64 $ 243,311 $ 458,660 $ 90,323 $ ( 289,067 ) $ 2,841 $ 506,424 Preferred Common Stock (1) Common Stock Class A (2) Class A Amount Capital in of Value Retained Accumulated Treasury Noncontrolling Interest Total Balance, July 31, 2023 $ — 28,876 $ 289 6,483 $ 64 $ 234,443 $ 456,279 $ 91,810 $ ( 282,101 ) $ 3,114 $ 503,898 Net income attributable to Movado Group, Inc. 17,389 281 17,670 Dividends ($ 0.35 per share) ( 7,749 ) ( 7,749 ) Distribution of noncontrolling interest earnings ( 780 ) ( 780 ) Stock awards and options exercised 3 19 19 Stock repurchases ( 1,916 ) ( 1,916 ) Supplemental executive retirement plan 45 45 Stock-based compensation expense 1,950 1,950 Net unrealized loss on investments, net of tax benefit of ($ 3 ) ( 9 ) ( 9 ) Net change in effective portion of hedging contracts, net of tax benefit of ($ 5 ) ( 23 ) ( 23 ) Amortization of prior service cost, net of tax provision of $ 4 15 15 Foreign currency translation adjustment (3) ( 10,066 ) ( 136 ) ( 10,202 ) Balance, October 31, 2023 $ — 28,879 $ 289 6,483 $ 64 $ 236,438 $ 465,919 $ 81,727 $ ( 283,998 ) $ 2,479 $ 502,918 Movado Group, Inc. Shareholders' Equity for the nine months ended October 31, 2024 and 2023 Preferred Common Stock (1) Common Stock Class A (2) Class A Amount Capital in of Value Retained Accumulated Treasury Noncontrolling Total Balance, January 31, 2024 $ — 29,004 $ 290 6,483 $ 64 $ 239,062 $ 470,317 $ 92,335 $ ( 285,270 ) $ 2,159 $ 518,957 Net income attributable to Movado Group, Inc. 11,662 695 12,357 Dividends ($ 1.05 per share) ( 23,319 ) ( 23,319 ) Stock awards and options exercised 145 2 66 ( 1,169 ) ( 1,101 ) Stock repurchases ( 2,628 ) ( 2,628 ) Conversion of Class A Common Stock to Common Stock 25 ( 25 ) - Supplemental executive retirement plan 1 89 89 Stock-based compensation expense 4,094 4,094 Net unrealized gain on investments, net of tax provision of $ 8 24 24 Net change in effective portion of hedging contracts, net of tax provision of $ 34 174 174 Amortization of prior service cost, net of tax provision of $ 10 37 37 Foreign currency translation adjustment (3) ( 2,247 ) ( 13 ) ( 2,260 ) Balance, October 31, 2024 $ — 29,175 $ 292 6,458 $ 64 $ 243,311 $ 458,660 $ 90,323 $ ( 289,067 ) $ 2,841 $ 506,424 Preferred Common Stock (1) Common Stock Class A (2) Class A Amount Capital in of Value Retained Accumulated Treasury Noncontrolling Total Balance, January 31, 2023 $ — 28,807 $ 288 6,525 $ 65 $ 230,782 $ 476,752 $ 81,295 $ ( 281,576 ) $ 2,938 $ 510,544 Net income attributable to Movado Group, Inc. 34,566 568 35,134 Dividends ($ 2.05 per share) ( 45,399 ) ( 45,399 ) Distribution of noncontrolling interest earnings ( 780 ) ( 780 ) Stock awards and options exercised 30 ( 73 ) ( 73 ) Stock repurchases ( 2,349 ) ( 2,349 ) Conversion of Class A Common Stock to Common Stock 42 1 ( 42 ) ( 1 ) - Supplemental executive retirement plan 127 127 Stock-based compensation expense 5,529 5,529 Net unrealized loss on investments, net of tax benefit of ($ 13 ) ( 38 ) ( 38 ) Net change in effective portion of hedging contracts, net of tax provision of $ 33 169 169 Amortization of prior service cost, net of tax provision of $ 12 45 45 Foreign currency translation adjustment (3) 256 ( 247 ) 9 Balance, October 31, 2023 $ — 28,879 $ 289 6,483 $ 64 $ 236,438 $ 465,919 $ 81,727 $ ( 283,998 ) $ 2,479 $ 502,918 (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	9 Months Ended
Treasury Stock	Oct. 31, 2024
Equity [Abstract]
Treasury Stock	NOTE 12 – TREASURY STOCK On November 23, 2021, 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 through November 23, 2024, depending on market conditions, share price and other factors. On December 5, 2024, the Board approved an additional share repurchase program under which the Company is authorized to purchase up to $ 50.0 mi llion of its outstanding common stock through December 5, 2027, depending on market conditions, share price and other factors. Under both share repurchase programs, the Company is permitted to purchase shares of its common stock from time to time through open market purchases, repurchase plans, block trades or otherwise. During the nine months ended October 31, 2024, the Company repurchased a total of 120,000 s hares of its common stock under the November 23, 2021 share repurchase program at a total cost of $ 2.6 m illion, or an average of $ 21.90 per share. During the nine months ended October 31, 2023, the Company repurchased a total of 85,722 shares of its common stock at a total cost of $ 2.3 million, or an average of $ 27.40 per share. At October 31, 2024, $ 15.2 m illion remains available for purchase under the Company's November 23, 2021 repurchase program and all $ 50.0 million remains available for purchase under the Company's December 5, 2024 repurchase program. There were 42,388 an d 2,799 shares of common stock repurchased during the nine months ended October 31, 2024 and 2023, respectively, as a result of the surrender of shares in connection with the vesting of restricted stock awards or stock options. 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	9 Months Ended
Accumulated Other Comprehensive Income	Oct. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income	NOTE 13 – ACCUMULATED OTHER COMPREHENSIVE INCOME The accumulated balances at October 31, 2024 and 2023, and January 31, 2024, related to each component of accumulated other comprehensive income are as follows (in thousands): October 31, January 31, October 31, Foreign currency translation adjustments $ 91,593 $ 93,840 $ 83,261 Available-for-sale securities 193 169 144 Cash flow hedges 217 43 ( 2 ) Unrecognized prior service cost related to defined benefit pension plan ( 134 ) ( 171 ) ( 186 ) Net actuarial loss related to defined benefit pension plan ( 1,546 ) ( 1,546 ) ( 1,490 ) Total accumulated other comprehensive income $ 90,323 $ 92,335 $ 81,727 Amounts reclassified from accumulated other comprehensive (loss)/income to operating income in the Consolidated Statements of Operations during the nine months ended October 31, 2024 and October 31, 2023 were ( $ 0.2 ) m illion and $ 0.1 million, respectively.

Revenue

Revenue	9 Months Ended
Revenue	Oct. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue	NOTE 14 – 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): For the Three Months Ended For the Nine Months Ended Customer Type 2024 2023 2024 2023 Wholesale $ 150,321 $ 154,330 $ 374,300 $ 386,767 Direct to consumer 31,578 32,602 101,931 103,618 After-sales service 828 754 2,478 2,596 Net Sales $ 182,727 $ 187,686 $ 478,709 $ 492,981 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 16 – Segment and Geographic Information). Wholesale Revenue The Company’s wholesale revenue consists primarily of revenues from independent distributors, department stores, chain stores, independent jewelry stores and third-party e-commerce retailers. 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. Transfer of control passes to wholesale customers upon shipment or upon receipt depending on the agreement with the customer and shipping terms. 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 16 – 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, the Company’s owned e-commerce websites and concession stores, and consumer repairs. 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. Control passes to outlet store customers at the time of sale and to substantially all e-commerce customers upon shipment. Direct to Consumer revenue is included in either the Watch and Accessory Brands segment or Company Stores Segment based on how the Company makes decisions about the allocation of resources and performance measurement. Revenue derived from outlet stores and related e-commerce is included within the Company Stores Segment. Other Direct to Consumer revenue (i.e., revenue derived from other Company-owned e-commerce websites, concession stores and consumer repairs) is included within the Watch and Accessory Brands segment. (See Note 16 – Segment and Geographic Information). After-Sales Service All watches sold by the Company come with limited warranties covering the movement against defects in materials and workmanship. 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	9 Months Ended
Stock-Based Compensation	Oct. 31, 2024
Share-Based Payment Arrangement [Abstract]
Stock-Based Compensation	NOTE 15 – STOCK-BASED COMPENSATION Under the Company’s Stock Incentive Plan, as amended and restated as of June 22, 2023 (the “Plan”), the Compensation and Human Capital Committee of the Board of Directors, which consists of three 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 12,000,000 shares of common stock. Stock Options: Stock options granted to participants under the Plan generally become exercisable 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. There were no stock options granted during the nine months ended October 31, 2024 and October 31, 2023. 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 October 31, 2024 and 2023 was $ 0.2 million and $ 0.5 million, respectively. Total compensation expense for stock option grants recognized during the nine months ended October 31, 2024 and 2023 was $ 0.7 m illion and $ 1.7 million, respectively. As of October 31, 2024, there was $ 0.3 m illion of unrecognized compensation cost related to unvested stock options. These costs are expected to be recognized over a weighted-average period of 0.4 y ears. Total cash consideration received for stock option exercises during the nine months ended October 31, 2024 and 2023 was $ 0.1 million and zero , respectively. The following table summarizes the Company’s stock options activity during the first nine months of fiscal 2025: Outstanding Weighted Option Weighted Aggregate Options outstanding at January 31, 662,375 options exercisable) 1,014,189 $ 24.20 $ 12.42 -$ 42.12 6.2 $ 6,049 Granted — — — Exercised ( 4,000 ) $ 16.87 $ 16.87 Forfeited ( 58,700 ) $ 42.12 $ 42.12 Options outstanding at October 31, 2024 951,489 $ 23.13 $ 12.42 -$ 38.04 5.7 $ 1,462 Exercisable at October 31, 2024 802,850 $ 20.37 5.4 $ 1,462 Expected to vest at October 31, 2024 148,142 $ 38.04 7.4 $ - Stock Awards: Under the Plan, the Company can also grant stock awards to employees and directors. For the three months ended October 31, 2024 and 2023, compensation expense for stock awards was $ 1.0 million and $ 1.4 million, respectively. For the nine months ended October 31, 2024 and 2023, compensation expense for stock awards was $ 3.4 m illion and $ 3.8 million, respectively. As of October 31, 2024, there was approximately $ 7.1 million of unrecognized compensation cost related to unvested stock awards. These costs are expected to be recognized over a weighted-average period o f 1.9 y ears. The following table summarizes the Company’s stock awards activity during the first nine months of fiscal 2025: Number of Weighted- Weighted- Aggregate Units outstanding at January 31, 2024 485,956 $ 30.15 Units granted 311,786 $ 27.78 Units vested ( 138,274 ) $ 28.19 Units forfeited — — Units outstanding at October 31, 2024 659,468 $ 29.44 1.7 $ 12,180 Stock awards granted by the Company can be classified as either time-based stock awards or performance-based stock awards. Time-based stock awards vest over time in the number of shares established at grant date, 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. The number of shares to be issued related to the outstanding performance-based stock awards can vary from 0 % to 200 % of the target number of underlying stock award units, established at grant date, depending on the particular stock awards and the extent of the achievement of the predetermined financial goals. There were 42,388 a nd 2,799 shares of common stock of the Company tendered by the employee for the payment of the employee's withholding tax obligation totaling $ 1.2 million and $ 0.1 million for the nine months ended October 31, 2024 and 2023, respectively. The total fair value of stock award units that vested during the first nine months of fiscal 2025 was $ 3.9 m illion.

Segment and Geographic Informat

Segment and Geographic Information	9 Months Ended
Segment and Geographic Information	Oct. 31, 2024
Segment Reporting [Abstract]
Segment and Geographic Information	NOTE 16 – 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 and, to a lesser extent, jewelry and other accessories, of owned 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 business. The Chief Executive Officer of the Company is the chief operating decision maker (“CODM”) and regularly reviews operating results for each of the two operating segments to assess performance and makes operating decisions about the allocation of the Company’s resources. 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, Asia, the Americas (excluding the United States) and the Middle Ea st accounted for 33.6 %, 9.9 %, 8.8 % and 8.8 %, respectively, of the Company’s total net sales for the three months ended October 31, 2024. For the three months ended October 31, 2023, the Company’s International operations in Europe, the Middle East, Asia and the Americas (excluding the United States) accounted for 34.0 %, 8.8 %, 8.4 % and 8.0 %, respectively, of the Company’s total net sales. The Company’s International operations in Europe, the Americas (excluding the United States), Asia and the Middle East accounted for 31.8 %, 9.2 %, 9.1 % and 8.7 %, respectively, of the Company’s total net sales for the nine months ended October 31, 2024. For the nine months ended October 31, 2023, the Company’s International operations in Europe, the Americas (excluding the United States), the Middle East and Asia accounted for 31.4 %, 9.4 %, 9.1 % and 8.2 %, respectively, of the Company’s total net sales. Certain prior year reclassifications have been made to the allocation of geographic revenue between the Middle East and Asia. Operating Segment Data for the Three Months Ended October 31, 2024 and 2023 (in thousands): Net Sales 2024 2023 Watch and Accessory Brands: Owned brands category $ 50,389 $ 55,416 Licensed brands category 111,402 107,355 After-sales service and all other 72 2,368 Total Watch and Accessory Brands 161,863 165,139 Company Stores 20,864 22,547 Consolidated total $ 182,727 $ 187,686 Operating Income (3) 2024 2023 Watch and Accessory Brands $ 5,272 $ 18,489 Company Stores 1,278 2,203 Consolidated total $ 6,550 $ 20,692 Operating Segment Data as of and for the Nine Months Ended October 31, 2024 and 2023 (in thousands): Net Sales 2024 2023 Watch and Accessory Brands: Owned brands category $ 135,802 $ 149,436 Licensed brands category 274,359 272,012 After-sales service and all other 5,028 3,370 Total Watch and Accessory Brands 415,189 424,818 Company Stores 63,520 68,163 Consolidated total $ 478,709 $ 492,981 Operating Income (3) 2024 2023 Watch and Accessory Brands $ 7,475 $ 31,907 Company Stores 5,416 9,332 Consolidated total $ 12,891 $ 41,239 Total Assets October 31, January 31, October 31, Watch and Accessory Brands $ 700,388 $ 710,067 $ 703,253 Company Stores 65,488 59,015 60,144 Consolidated total $ 765,876 $ 769,082 $ 763,397 Geographic Location Data for the Three Months Ended October 31, 2024 and 2023 (in thousands): Net Sales Operating (Loss)/Income (3) 2024 2023 2024 2023 United States (1) $ 71,147 $ 76,575 $ ( 15,117 ) $ ( 5,256 ) International (2) 111,580 111,111 21,667 25,948 Consolidated total $ 182,727 $ 187,686 $ 6,550 $ 20,692 United States and International net sales are net of intercompany sales of $ 82.5 million and $ 86.8 million for the three months ended October 31, 2024 and 2023, respectively. Geographic Location Data as of and for the Nine Months Ended October 31, 2024 and 2023 (in thousands): Net Sales Operating (Loss)/Income (3) 2024 2023 2024 2023 United States (1) $ 197,286 $ 206,602 $ ( 29,447 ) $ ( 17,928 ) International (2) 281,423 286,379 42,338 59,167 Consolidated total $ 478,709 $ 492,981 $ 12,891 $ 41,239 United States and International net sales are net of intercompany sales of $ 226.5 million and $ 200.3 million for the nine months ended October 31, 2024 and 2023, respectively. (1) The United States operatin g loss i ncluded $ 11.9 million and $ 14.3 million of unallocated corporate expenses for the three months ended October 31, 2024 and 2023, respectively. The United States operating loss include d $ 30.0 million and $ 36.0 million of unallocated corporate expenses for the nine months ended October 31, 2024 and 2023, respectively. (2) The International operating income included $ 20.5 million and $ 22.9 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended October 31, 2024 and 2023, respectively. The International operating income included $ 48.8 million and $ 55.4 million of certain intercompany profits related to the Company’s supply chain operations for the nine months ended October 31, 2024 and 2023, respectively. (3) The operating (loss)/income in the United States and International locations of the Watch and Accessory Brands segment included a pre-tax charge of $ 1.5 million and $ 1.2 million, respectively, related to the Company’s cost-savings initiative for the three and nine months ended October 2024. Total Assets October 31, January 31, October 31, United States $ 426,642 $ 361,980 $ 373,812 International 339,234 407,102 389,585 Consolidated total $ 765,876 $ 769,082 $ 763,397 Property, Plant and Equipment, Net October 31, January 31, October 31, United States $ 13,403 $ 11,950 $ 12,212 International 7,077 7,486 7,246 Consolidated total $ 20,480 $ 19,436 $ 19,458

Earnings Per Share and Cash D_2

Earnings Per Share and Cash Dividends (Tables)	9 Months Ended
Earnings Per Share and Cash Dividends (Tables)	Oct. 31, 2024
Earnings Per Share [Abstract]
Schedule of Number of Shares Used in Calculating Basic and Diluted Earnings Per Share	The number of shares used in calculating basic and diluted earnings per share is as follows (in thousands): Three Months Ended October 31, Nine Months Ended October 31, 2024 2023 2024 2023 Weighted average common shares outstanding: Basic 22,283 22,209 22,280 22,222 Effect of dilutive securities: Stock awards and options to purchase shares of 276 468 347 419 Diluted 22,559 22,677 22,627 22,641

Inventories (Tables)

Inventories (Tables)	9 Months Ended
Inventories (Tables)	Oct. 31, 2024
Inventory Disclosure [Abstract]
Components of Inventories	Inventories consisted of the following (in thousands): October 31, January 31, October 31, Finished goods $ 139,501 $ 117,909 $ 141,109 Component parts 25,802 26,386 27,217 Work-in-process 3,626 3,736 3,640 $ 168,929 $ 148,031 $ 171,966

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
Derivative Financial Instruments (Tables)	Oct. 31, 2024
Derivative Instrument Detail [Abstract]
Schedule of Derivative Financial Instruments Included in Consolidated Balance Sheets	The following table presents the fair values of the Company's derivative financial instruments included in the Consolidated Balance Sheets as of October 31, 2024, January 31, 2024 and October 31, 2023 (in thousands): Asset Derivatives Liability Derivatives Balance October 31, January 31, October 31, Balance October 31, January 31, October 31, Derivatives designated as hedging instruments: Foreign Exchange Contracts Other Current $ 219 $ 26 $ — Accrued $ — $ 11 $ 5 Total Derivative Instruments $ 219 $ 26 $ — $ — $ 11 $ 5 Asset Derivatives Liability Derivatives Balance October 31, January 31, October 31, Balance October 31, January 31, October 31, Derivatives not designated as hedging instruments: Foreign Exchange Contracts Other Current $ 154 $ 528 $ — Accrued $ 77 $ — $ 650 Total Derivative Instruments $ 154 $ 528 $ — $ 77 $ — $ 650

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
Fair Value Measurements (Tables)	Oct. 31, 2024
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 October 31, 2024 and 2023 and January 31, 2024 (in thousands): Fair Value at October 31, 2024 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 278 $ — $ — $ 278 Short-term investment Other current assets 149 — — 149 SERP assets - employer Other non-current assets 737 — — 737 SERP assets - employee Other non-current assets 53,869 — — 53,869 Defined benefit plan assets Other non-current liabilities — — 35,524 35,524 Hedge derivatives Other current assets — 373 — 373 Total $ 55,033 $ 373 $ 35,524 $ 90,930 Liabilities: SERP liabilities - employee Other non-current liabilities $ 53,869 $ — $ — $ 53,869 Hedge derivatives Accrued liabilities — 77 — 77 Total $ 53,869 $ 77 $ — $ 53,946 Fair Value at January 31, 2024 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 246 $ — $ — $ 246 Short-term investment Other current assets 155 — — 155 SERP assets - employer Other non-current assets 510 — — 510 SERP assets - employee Other non-current assets 48,800 — — 48,800 Defined benefit plan assets Other non-current liabilities — — 33,731 33,731 Hedge derivatives Other current assets — 554 — 554 Total $ 49,711 $ 554 $ 33,731 $ 83,996 Liabilities: SERP liabilities - employee Other non-current liabilities $ 48,800 $ — $ — $ 48,800 Hedge derivatives Accrued liabilities — 11 — 11 Total $ 48,800 $ 11 $ — $ 48,811 Fair Value at October 31, 2023 Balance Sheet Location Level 1 Level 2 Level 3 Total Assets: Available-for-sale securities Other current assets $ 213 $ — $ — $ 213 Short-term investment Other current assets 150 — — 150 SERP assets - employer Other non-current assets 591 — — 591 SERP assets - employee Other non-current assets 45,534 — — 45,534 Defined benefit plan assets Other non-current liabilities — — 29,712 29,712 Hedge derivatives Other current assets — — — — Total $ 46,488 $ — $ 29,712 $ 76,200 Liabilities: SERP liabilities - employee Other non-current liabilities $ 45,534 $ — $ — $ 45,534 Hedge derivatives Accrued liabilities — 655 — 655 Total $ 45,534 $ 655 $ — $ 46,189

Equity (Tables)

Equity (Tables)	9 Months Ended
Equity (Tables)	Oct. 31, 2024
Equity [Abstract]
Components of Equity	The components of equity for the three and nine months ended October 31, 2024 and 2023 are as follows (in thousands): Movado Group, Inc. Shareholders' Equity for the three months ended October 31, 2024 and 2023 Preferred Common Stock (1) Common Stock Class A (2) Class A Amount Capital in of Value Retained Accumulated Treasury Noncontrolling Total Balance, July 31, 2024 $ — 29,170 $ 292 6,458 $ 64 $ 242,039 $ 461,382 $ 87,838 $ ( 287,499 ) $ 2,459 $ 506,575 Net income attributable to Movado Group, Inc. 5,050 383 5,433 Dividends ($ 0.35 per share) ( 7,772 ) ( 7,772 ) Stock awards and options exercised 5 ( 26 ) ( 26 ) Stock repurchases ( 1,542 ) ( 1,542 ) Conversion of Class A Common Stock to Common Stock - Supplemental executive retirement plan 33 33 Stock-based compensation expense 1,239 1,239 Net unrealized gain on investments, net of tax provision of $ 1 4 4 Net change in effective portion of hedging contracts, net of tax provision of $ 39 202 202 Amortization of prior service cost, net of tax provision of $ 3 13 13 Foreign currency translation adjustment (3) 2,266 ( 1 ) 2,265 Balance, October 31, 2024 $ — 29,175 $ 292 6,458 $ 64 $ 243,311 $ 458,660 $ 90,323 $ ( 289,067 ) $ 2,841 $ 506,424 Preferred Common Stock (1) Common Stock Class A (2) Class A Amount Capital in of Value Retained Accumulated Treasury Noncontrolling Interest Total Balance, July 31, 2023 $ — 28,876 $ 289 6,483 $ 64 $ 234,443 $ 456,279 $ 91,810 $ ( 282,101 ) $ 3,114 $ 503,898 Net income attributable to Movado Group, Inc. 17,389 281 17,670 Dividends ($ 0.35 per share) ( 7,749 ) ( 7,749 ) Distribution of noncontrolling interest earnings ( 780 ) ( 780 ) Stock awards and options exercised 3 19 19 Stock repurchases ( 1,916 ) ( 1,916 ) Supplemental executive retirement plan 45 45 Stock-based compensation expense 1,950 1,950 Net unrealized loss on investments, net of tax benefit of ($ 3 ) ( 9 ) ( 9 ) Net change in effective portion of hedging contracts, net of tax benefit of ($ 5 ) ( 23 ) ( 23 ) Amortization of prior service cost, net of tax provision of $ 4 15 15 Foreign currency translation adjustment (3) ( 10,066 ) ( 136 ) ( 10,202 ) Balance, October 31, 2023 $ — 28,879 $ 289 6,483 $ 64 $ 236,438 $ 465,919 $ 81,727 $ ( 283,998 ) $ 2,479 $ 502,918 Movado Group, Inc. Shareholders' Equity for the nine months ended October 31, 2024 and 2023 Preferred Common Stock (1) Common Stock Class A (2) Class A Amount Capital in of Value Retained Accumulated Treasury Noncontrolling Total Balance, January 31, 2024 $ — 29,004 $ 290 6,483 $ 64 $ 239,062 $ 470,317 $ 92,335 $ ( 285,270 ) $ 2,159 $ 518,957 Net income attributable to Movado Group, Inc. 11,662 695 12,357 Dividends ($ 1.05 per share) ( 23,319 ) ( 23,319 ) Stock awards and options exercised 145 2 66 ( 1,169 ) ( 1,101 ) Stock repurchases ( 2,628 ) ( 2,628 ) Conversion of Class A Common Stock to Common Stock 25 ( 25 ) - Supplemental executive retirement plan 1 89 89 Stock-based compensation expense 4,094 4,094 Net unrealized gain on investments, net of tax provision of $ 8 24 24 Net change in effective portion of hedging contracts, net of tax provision of $ 34 174 174 Amortization of prior service cost, net of tax provision of $ 10 37 37 Foreign currency translation adjustment (3) ( 2,247 ) ( 13 ) ( 2,260 ) Balance, October 31, 2024 $ — 29,175 $ 292 6,458 $ 64 $ 243,311 $ 458,660 $ 90,323 $ ( 289,067 ) $ 2,841 $ 506,424 Preferred Common Stock (1) Common Stock Class A (2) Class A Amount Capital in of Value Retained Accumulated Treasury Noncontrolling Total Balance, January 31, 2023 $ — 28,807 $ 288 6,525 $ 65 $ 230,782 $ 476,752 $ 81,295 $ ( 281,576 ) $ 2,938 $ 510,544 Net income attributable to Movado Group, Inc. 34,566 568 35,134 Dividends ($ 2.05 per share) ( 45,399 ) ( 45,399 ) Distribution of noncontrolling interest earnings ( 780 ) ( 780 ) Stock awards and options exercised 30 ( 73 ) ( 73 ) Stock repurchases ( 2,349 ) ( 2,349 ) Conversion of Class A Common Stock to Common Stock 42 1 ( 42 ) ( 1 ) - Supplemental executive retirement plan 127 127 Stock-based compensation expense 5,529 5,529 Net unrealized loss on investments, net of tax benefit of ($ 13 ) ( 38 ) ( 38 ) Net change in effective portion of hedging contracts, net of tax provision of $ 33 169 169 Amortization of prior service cost, net of tax provision of $ 12 45 45 Foreign currency translation adjustment (3) 256 ( 247 ) 9 Balance, October 31, 2023 $ — 28,879 $ 289 6,483 $ 64 $ 236,438 $ 465,919 $ 81,727 $ ( 283,998 ) $ 2,479 $ 502,918 (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)	9 Months Ended
Accumulated Other Comprehensive Income (Tables)	Oct. 31, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Component of Accumulated Other Comprehensive Income	The accumulated balances at October 31, 2024 and 2023, and January 31, 2024, related to each component of accumulated other comprehensive income are as follows (in thousands): October 31, January 31, October 31, Foreign currency translation adjustments $ 91,593 $ 93,840 $ 83,261 Available-for-sale securities 193 169 144 Cash flow hedges 217 43 ( 2 ) Unrecognized prior service cost related to defined benefit pension plan ( 134 ) ( 171 ) ( 186 ) Net actuarial loss related to defined benefit pension plan ( 1,546 ) ( 1,546 ) ( 1,490 ) Total accumulated other comprehensive income $ 90,323 $ 92,335 $ 81,727

Revenue (Tables)

Revenue (Tables)	9 Months Ended
Revenue (Tables)	Oct. 31, 2024
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): For the Three Months Ended For the Nine Months Ended Customer Type 2024 2023 2024 2023 Wholesale $ 150,321 $ 154,330 $ 374,300 $ 386,767 Direct to consumer 31,578 32,602 101,931 103,618 After-sales service 828 754 2,478 2,596 Net Sales $ 182,727 $ 187,686 $ 478,709 $ 492,981

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
Stock-Based Compensation (Tables)	Oct. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Options Activity	The following table summarizes the Company’s stock options activity during the first nine months of fiscal 2025: Outstanding Weighted Option Weighted Aggregate Options outstanding at January 31, 662,375 options exercisable) 1,014,189 $ 24.20 $ 12.42 -$ 42.12 6.2 $ 6,049 Granted — — — Exercised ( 4,000 ) $ 16.87 $ 16.87 Forfeited ( 58,700 ) $ 42.12 $ 42.12 Options outstanding at October 31, 2024 951,489 $ 23.13 $ 12.42 -$ 38.04 5.7 $ 1,462 Exercisable at October 31, 2024 802,850 $ 20.37 5.4 $ 1,462 Expected to vest at October 31, 2024 148,142 $ 38.04 7.4 $ -
Summary of Stock Awards Activity	The following table summarizes the Company’s stock awards activity during the first nine months of fiscal 2025: Number of Weighted- Weighted- Aggregate Units outstanding at January 31, 2024 485,956 $ 30.15 Units granted 311,786 $ 27.78 Units vested ( 138,274 ) $ 28.19 Units forfeited — — Units outstanding at October 31, 2024 659,468 $ 29.44 1.7 $ 12,180

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	9 Months Ended
Segment and Geographic Information (Tables)	Oct. 31, 2024
Segment Reporting [Abstract]
Operating Segment Data	Operating Segment Data for the Three Months Ended October 31, 2024 and 2023 (in thousands): Net Sales 2024 2023 Watch and Accessory Brands: Owned brands category $ 50,389 $ 55,416 Licensed brands category 111,402 107,355 After-sales service and all other 72 2,368 Total Watch and Accessory Brands 161,863 165,139 Company Stores 20,864 22,547 Consolidated total $ 182,727 $ 187,686 Operating Income (3) 2024 2023 Watch and Accessory Brands $ 5,272 $ 18,489 Company Stores 1,278 2,203 Consolidated total $ 6,550 $ 20,692 Operating Segment Data as of and for the Nine Months Ended October 31, 2024 and 2023 (in thousands): Net Sales 2024 2023 Watch and Accessory Brands: Owned brands category $ 135,802 $ 149,436 Licensed brands category 274,359 272,012 After-sales service and all other 5,028 3,370 Total Watch and Accessory Brands 415,189 424,818 Company Stores 63,520 68,163 Consolidated total $ 478,709 $ 492,981 Operating Income (3) 2024 2023 Watch and Accessory Brands $ 7,475 $ 31,907 Company Stores 5,416 9,332 Consolidated total $ 12,891 $ 41,239 Total Assets October 31, January 31, October 31, Watch and Accessory Brands $ 700,388 $ 710,067 $ 703,253 Company Stores 65,488 59,015 60,144 Consolidated total $ 765,876 $ 769,082 $ 763,397
Geographic Segment Data	Geographic Location Data for the Three Months Ended October 31, 2024 and 2023 (in thousands): Net Sales Operating (Loss)/Income (3) 2024 2023 2024 2023 United States (1) $ 71,147 $ 76,575 $ ( 15,117 ) $ ( 5,256 ) International (2) 111,580 111,111 21,667 25,948 Consolidated total $ 182,727 $ 187,686 $ 6,550 $ 20,692 United States and International net sales are net of intercompany sales of $ 82.5 million and $ 86.8 million for the three months ended October 31, 2024 and 2023, respectively. Geographic Location Data as of and for the Nine Months Ended October 31, 2024 and 2023 (in thousands): Net Sales Operating (Loss)/Income (3) 2024 2023 2024 2023 United States (1) $ 197,286 $ 206,602 $ ( 29,447 ) $ ( 17,928 ) International (2) 281,423 286,379 42,338 59,167 Consolidated total $ 478,709 $ 492,981 $ 12,891 $ 41,239 United States and International net sales are net of intercompany sales of $ 226.5 million and $ 200.3 million for the nine months ended October 31, 2024 and 2023, respectively. (1) The United States operatin g loss i ncluded $ 11.9 million and $ 14.3 million of unallocated corporate expenses for the three months ended October 31, 2024 and 2023, respectively. The United States operating loss include d $ 30.0 million and $ 36.0 million of unallocated corporate expenses for the nine months ended October 31, 2024 and 2023, respectively. (2) The International operating income included $ 20.5 million and $ 22.9 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended October 31, 2024 and 2023, respectively. The International operating income included $ 48.8 million and $ 55.4 million of certain intercompany profits related to the Company’s supply chain operations for the nine months ended October 31, 2024 and 2023, respectively. (3) The operating (loss)/income in the United States and International locations of the Watch and Accessory Brands segment included a pre-tax charge of $ 1.5 million and $ 1.2 million, respectively, related to the Company’s cost-savings initiative for the three and nine months ended October 2024. Total Assets October 31, January 31, October 31, United States $ 426,642 $ 361,980 $ 373,812 International 339,234 407,102 389,585 Consolidated total $ 765,876 $ 769,082 $ 763,397 Property, Plant and Equipment, Net October 31, January 31, October 31, United States $ 13,403 $ 11,950 $ 12,212 International 7,077 7,486 7,246 Consolidated total $ 20,480 $ 19,436 $ 19,458

Cost-Savings Initiative - Addit

Cost-Savings Initiative - Additional Information (Details) $ in Millions	3 Months Ended	9 Months Ended
	Oct. 31, 2024 USD ($)	Oct. 31, 2024 USD ($)
Restructuring Cost and Reserve [Line Items]
Severance and payroll related charges	$ 2.7
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]	Selling, General and Administrative Expense
Payments for restructuring	$ 0.3
Remaining restructuring charges	2.4	$ 2.4
Watch and Accessory Brands \| United States
Restructuring Cost and Reserve [Line Items]
Severance and payroll related charges	1.5	1.5
Watch and Accessory Brands \| International
Restructuring Cost and Reserve [Line Items]
Severance and payroll related charges	$ 1.2	$ 1.2

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 Per Share (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Weighted average common shares outstanding:
Basic	22,283	22,209	22,280	22,222
Effect of dilutive securities:
Stock awards and options to purchase shares of common stock	276	468	347	419
Diluted	22,559	22,677	22,627	22,641

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		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Dividends Payable [Line Items]
Dilutive common stock equivalents were excluded from the computation of diluted earnings per share	751,000	497,000	694,000	671,000
Cash dividend declared and payable	$ 0.35	$ 0.35	$ 1.05	$ 2.05
Common stock special dividend paid per share				$ 1
Dividends paid	$ 7,772	$ 7,749	$ 23,319	$ 45,399
Quarterly Cash Dividend Q3 2024
Dividends Payable [Line Items]
Cash dividend declared and payable				$ 0.35
Dividends paid				$ 45,400
Quarterly Cash Dividend Q3 2025
Dividends Payable [Line Items]
Cash dividend declared and payable			$ 0.35
Dividends paid			$ 23,300

Inventories - Components of Inv

Inventories - Components of Inventories (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Jan. 31, 2024	Oct. 31, 2023
Inventory, Net [Abstract]
Finished goods	$ 139,501	$ 117,909	$ 141,109
Component parts	25,802	26,386	27,217
Work-in-process	3,626	3,736	3,640
Inventories	$ 168,929	$ 148,031	$ 171,966

Debt and Lines of Credit - Addi

Debt and Lines of Credit - Additional Information (Details)		1 Months Ended	3 Months Ended		9 Months Ended
Debt and Lines of Credit - Additional Information (Details)	Oct. 12, 2018 USD ($)	Nov. 30, 2023 USD ($)	Oct. 31, 2024 USD ($) Bank Subsidiary	Oct. 31, 2023 USD ($) Subsidiary Bank	Oct. 31, 2024 USD ($) Bank Subsidiary	Oct. 31, 2023 USD ($) Subsidiary Bank	Oct. 31, 2024 CHF (SFr) Bank Subsidiary	Oct. 31, 2023 CHF (SFr) Subsidiary Bank
Debt Instrument [Line Items]
Cash paid for interest					$ 200,000	$ 200,000
Amortization of debt fees					200,000	200,000
Unsecured Debt \| Swiss subsidiary
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 7,500,000	$ 7,100,000	7,500,000	7,100,000	SFr 6,500,000	SFr 6,500,000
Outstanding borrowing amount			0	0	0	0
Revolving Credit Facility \| Secured Debt \| Credit Agreement Due on October 28, 2026
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. 28, 2026
Loan drawn under the facility			0	0	0	0
Line of credit facility remaining borrowing capacity			99,700,000	99,700,000	99,700,000	99,700,000
Weighted average borrowings amount			0	0	$ 0	0
Letter of Credit
Debt Instrument [Line Items]
Credit facility matures date					Jun. 02, 2025
Outstanding borrowing amount			$ 300,000	$ 300,000	$ 300,000	$ 300,000
Letter of Credit \| Secured Debt \| Credit Agreement Due on October 28, 2026
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	2	2
Number of foreign subsidiaries under guaranteed obligation \| Subsidiary			2	2	2	2	2	2
Guaranteed obligations to third parties			$ 1,400,000	$ 1,500,000	$ 1,400,000	$ 1,500,000
Restricted deposit relates to lease agreement			$ 800,000	$ 800,000	$ 800,000	$ 800,000
Refunded restricted deposit relates to lease agreement		$ 100,000
Swingline \| Secured Debt \| Credit Agreement Due on October 28, 2026
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	25,000,000
Swiss Borrowers \| Secured Debt \| Credit Agreement Due on October 28, 2026
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 75,000,000

Derivative Financial Instrume_3

Derivative Financial Instruments - Additional Information (Details) € in Millions, ¥ in Millions, £ in Millions, SFr in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2024 USD ($)	Oct. 31, 2023 USD ($)	Oct. 31, 2024 USD ($)	Oct. 31, 2023 USD ($)	Oct. 31, 2024 EUR (€)	Oct. 31, 2024 CNY (¥)	Oct. 31, 2024 CHF (SFr)	Oct. 31, 2024 USD ($)	Oct. 31, 2024 GBP (£)	Jan. 31, 2024 USD ($)
Derivatives Fair Value [Line Items]
Reclassify amounts from accumulated other comprehensive (loss)/income to net sales	$ (400,000)	$ 300,000	$ (200,000)	$ 100,000
Cash flow hedge ineffectiveness	$ 0		$ 0
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax		Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax
Net deferred gains on derivative financial instruments designated as cash flow hedges included in accumulated other comprehensive income/(loss)		$ (2,000)		$ (2,000)				$ 217,000		$ 43,000
Derivatives Designated As Hedging Instruments \| Foreign Exchange Forward
Derivatives Fair Value [Line Items]
Net forward contracts hedging portfolio \| €					€ 9
Derivatives Not Designated as Hedging Instrument \| Foreign Exchange Forward
Derivatives Fair Value [Line Items]
Net forward contracts hedging portfolio					€ 24	¥ 7.3	SFr 30	$ 29,600,000	£ 4.8
Maximum \| Derivatives Designated As Hedging Instruments
Derivatives Fair Value [Line Items]
Expiry dates ranging			Nov. 27, 2024
Maximum \| Derivatives Not Designated as Hedging Instrument \| Foreign Exchange Forward
Derivatives Fair Value [Line Items]
Expiry dates ranging			Apr. 10, 2025

Derivative Financial Instrume_4

Derivative Financial Instruments - Schedule of Derivative Financial Instruments Included in Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Oct. 31, 2024	Jan. 31, 2024	Oct. 31, 2023
Derivatives Designated As Hedging Instruments
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair Value	$ 219	$ 26	$ 0
Liability Derivatives, Fair Value	0	11	5
Derivatives Designated As Hedging Instruments \| Other Current Assets \| Foreign Exchange Contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair Value	219	26	0
Derivatives Designated As Hedging Instruments \| Accrued Liabilities \| Foreign Exchange Contracts
Derivatives, Fair Value [Line Items]
Liability Derivatives, Fair Value	0	11	5
Derivatives Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair Value	154	528	0
Liability Derivatives, Fair Value	77	0	650
Derivatives Not Designated as Hedging Instrument \| Other Current Assets \| Foreign Exchange Contracts
Derivatives, Fair Value [Line Items]
Asset Derivatives, Fair Value	154	528	0
Derivatives Not Designated as Hedging Instrument \| Accrued Liabilities \| Foreign Exchange Contracts
Derivatives, Fair Value [Line Items]
Liability Derivatives, Fair Value	$ 77	$ 0	$ 650

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	Oct. 31, 2024	Jan. 31, 2024	Oct. 31, 2023
Assets:
Total assets measured at fair value	$ 90,930	$ 83,996	$ 76,200
Liabilities:
Total liabilities measured at fair value	53,946	48,811	46,189
Level 1
Assets:
Total assets measured at fair value	55,033	49,711	46,488
Liabilities:
Total liabilities measured at fair value	53,869	48,800	45,534
Level 2
Assets:
Total assets measured at fair value	373	554	0
Liabilities:
Total liabilities measured at fair value	77	11	655
Level 3
Assets:
Total assets measured at fair value	35,524	33,731	29,712
Liabilities:
Total liabilities measured at fair value	0	0	0
Other Current Assets \| Available-for-sale securities
Assets:
Total assets measured at fair value	278	246	213
Other Current Assets \| Short-term investment
Assets:
Total assets measured at fair value	149	155	150
Other Current Assets \| Hedge derivatives-Assets
Assets:
Total assets measured at fair value	373	554	0
Other Current Assets \| Level 1 \| Available-for-sale securities
Assets:
Total assets measured at fair value	278	246	213
Other Current Assets \| Level 1 \| Short-term investment
Assets:
Total assets measured at fair value	149	155	150
Other Current Assets \| Level 1 \| Hedge derivatives-Assets
Assets:
Total assets measured at fair value	0	0	0
Other Current Assets \| Level 2 \| Available-for-sale securities
Assets:
Total assets measured at fair value	0	0	0
Other Current Assets \| Level 2 \| Short-term investment
Assets:
Total assets measured at fair value	0	0	0
Other Current Assets \| Level 2 \| Hedge derivatives-Assets
Assets:
Total assets measured at fair value	373	554	0
Other Current Assets \| Level 3 \| Available-for-sale securities
Assets:
Total assets measured at fair value	0	0	0
Other Current Assets \| Level 3 \| Short-term investment
Assets:
Total assets measured at fair value	0	0	0
Other Current Assets \| Level 3 \| Hedge derivatives-Assets
Assets:
Total assets measured at fair value	0	0	0
Other Non-current Assets \| SERP assets - employer
Assets:
Total assets measured at fair value	737	510	591
Other Non-current Assets \| SERP assets - employee
Assets:
Total assets measured at fair value	53,869	48,800	45,534
Other Non-current Assets \| Level 1 \| SERP assets - employer
Assets:
Total assets measured at fair value	737	510	591
Other Non-current Assets \| Level 1 \| SERP assets - employee
Assets:
Total assets measured at fair value	53,869	48,800	45,534
Other Non-current Assets \| Level 2 \| SERP assets - employer
Assets:
Total assets measured at fair value	0	0	0
Other Non-current Assets \| Level 2 \| SERP assets - employee
Assets:
Total assets measured at fair value	0	0	0
Other Non-current Assets \| Level 3 \| SERP assets - employer
Assets:
Total assets measured at fair value	0	0	0
Other Non-current Assets \| Level 3 \| SERP assets - employee
Assets:
Total assets measured at fair value	0	0	0
Other non-current liabilities \| SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	53,869	48,800	45,534
Other non-current liabilities \| Defined Benefit Plan Assets
Assets:
Total assets measured at fair value	35,524	33,731	29,712
Other non-current liabilities \| Level 1 \| SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	53,869	48,800	45,534
Other non-current liabilities \| Level 1 \| Defined Benefit Plan Assets
Assets:
Total assets measured at fair value	0	0	0
Other non-current liabilities \| Level 2 \| SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	0	0	0
Other non-current liabilities \| Level 2 \| Defined Benefit Plan Assets
Assets:
Total assets measured at fair value	0	0	0
Other non-current liabilities \| Level 3 \| SERP liabilities - employee
Liabilities:
Total liabilities measured at fair value	0	0	0
Other non-current liabilities \| Level 3 \| Defined Benefit Plan Assets
Assets:
Total assets measured at fair value	35,524	33,731	29,712
Accrued Liabilities \| Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	77	11	655
Accrued Liabilities \| Level 1 \| Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	0	0	0
Accrued Liabilities \| Level 2 \| Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	77	11	655
Accrued Liabilities \| Level 3 \| Hedge derivatives-Liabilities
Liabilities:
Total liabilities measured at fair value	$ 0	$ 0	$ 0

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($)	9 Months Ended	12 Months Ended
	Oct. 31, 2024	Jan. 31, 2024
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
Investments	500,000
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
Investment in venture capital funds	$ 5,500,000	$ 8,400,000
Short-term investment
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair value, investment	The fair value of the short-term investment, which is a guaranteed investment certificate, is based on its purchase price plus one half of one percent calculated annually.

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Millions	1 Months Ended
	Dec. 31, 2016 USD ($)
Loss Contingencies [Line Items]
Underpaid duty charges due to alternative duty methodology	$ 5.1

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($)	3 Months Ended		9 Months Ended
Income Taxes - Additional Information (Details) - USD ($)	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Income Tax Contingency [Line Items]
Income tax provision (benefit)	$ 2,495,000	$ 4,519,000	$ 5,733,000	$ 9,938,000
Effective tax rate for continuing operations	31.50%	20.40%	31.70%	22%
Deferred tax liability, undistributed foreign earnings	$ 0		$ 0
Undistributed foreign earnings	$ 246,500,000		$ 246,500,000

Equity - Components of Equity (

Equity - Components of Equity (Details) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended
		Oct. 31, 2024	Oct. 31, 2023	Jul. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Beginning Balance		$ 506,575	$ 503,898		$ 518,957	$ 510,544
Net income attributable to Movado Group, Inc.		5,433	17,670		12,357	35,134
Dividends		(7,772)	(7,749)		(23,319)	(45,399)
Distribution of noncontrolling interest earnings			(780)			(780)
Stock awards and options exercised		(26)	19		(1,101)	(73)
Stock repurchases		(1,542)	(1,916)		(2,628)	(2,349)
Supplemental executive retirement plan		33	45		89	127
Stock-based compensation expense		1,239	1,950		4,094	5,529
Net unrealized gain (loss) on investments, net of tax (benefit) provision		4	(9)		24	(38)
Net change in effective portion of hedging contracts, net of tax (benefit) provision		202	(23)		174	169
Amortization of prior service cost, net of tax provision		13	15		37	45
Foreign currency translation adjustment	[1]	2,265	(10,202)		(2,260)	9
Ending Balance		$ 506,424	$ 502,918	$ 503,898	$ 506,424	$ 502,918
Common Stock Class Undefined
Beginning Balance, Shares					29,004,001
Ending Balance, Shares		29,174,709	28,879,497		29,174,709	28,879,497
Class A Common Stock
Beginning Balance, Shares					6,483,116
Ending Balance, Shares		6,458,376	6,483,116		6,458,376	6,483,116
Common Stock
Beginning Balance		$ 292	$ 289		$ 290	$ 288
Beginning Balance, Shares	[2]	29,170,000	28,876,000		29,004,000	28,807,000
Stock awards and options exercised					$ 2
Stock awards and options exercised, shares	[2]		3,000	5,000	145,000	30,000
Conversion of Class A Common Stock to Common Stock						$ 1
Conversion of Class A Common Stock to Common Stock, shares	[2]				25,000	42,000
Supplemental executive retirement plan, shares	[2]				1,000
Ending Balance		$ 292	$ 289	$ 289	$ 292	$ 289
Ending Balance, Shares	[2]	29,175,000	28,879,000	28,876,000	29,175,000	28,879,000
Common Stock \| Class A Common Stock
Beginning Balance		$ 64	$ 64		$ 64	$ 65
Beginning Balance, Shares	[3]	6,458,000	6,483,000		6,483,000	6,525,000
Conversion of Class A Common Stock to Common Stock						$ (1)
Conversion of Class A Common Stock to Common Stock, shares	[3]				(25,000)	(42,000)
Ending Balance		$ 64	$ 64	$ 64	$ 64	$ 64
Ending Balance, Shares	[3]	6,458,000	6,483,000	6,483,000	6,458,000	6,483,000
Capital in Excess of Par Value
Beginning Balance		$ 242,039	$ 234,443		$ 239,062	$ 230,782
Stock awards and options exercised					66
Supplemental executive retirement plan		33	45		89	127
Stock-based compensation expense		1,239	1,950		4,094	5,529
Ending Balance		243,311	236,438	$ 234,443	243,311	236,438
Retained Earnings
Beginning Balance		461,382	456,279		470,317	476,752
Net income attributable to Movado Group, Inc.		5,050	17,389		11,662	34,566
Dividends		(7,772)	(7,749)		(23,319)	(45,399)
Ending Balance		458,660	465,919	456,279	458,660	465,919
Accumulated Other Comprehensive Income
Beginning Balance		87,838	91,810		92,335	81,295
Net unrealized gain (loss) on investments, net of tax (benefit) provision		4	(9)		24	(38)
Net change in effective portion of hedging contracts, net of tax (benefit) provision		202	(23)		174	169
Amortization of prior service cost, net of tax provision		13	15		37	45
Foreign currency translation adjustment	[1]	2,266	(10,066)		(2,247)	256
Ending Balance		90,323	81,727	91,810	90,323	81,727
Treasury Stock
Beginning Balance		(287,499)	(282,101)		(285,270)	(281,576)
Stock awards and options exercised		(26)	19		(1,169)	(73)
Stock repurchases		(1,542)	(1,916)		(2,628)	(2,349)
Ending Balance		(289,067)	(283,998)	(282,101)	(289,067)	(283,998)
Noncontrolling Interest
Beginning Balance		2,459	3,114		2,159	2,938
Net income attributable to Movado Group, Inc.		383	281		695	568
Distribution of noncontrolling interest earnings			(780)			(780)
Foreign currency translation adjustment	[1]	(1)	(136)		(13)	(247)
Ending Balance		$ 2,841	$ 2,479	$ 3,114	$ 2,841	$ 2,479

[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. Each share of common stock is entitled to one vote per share on all matters submitted to a vote of the shareholders. 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 - Components of Equity_2

Equity - Components of Equity (Parenthetical) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			9 Months Ended
	Oct. 31, 2024	Jul. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Dividends per share	$ 0.35		$ 0.35	$ 1.05	$ 2.05
Net unrealized (loss) on investments, tax (benefit)	$ 1		$ (3)	$ 8	$ (13)
Net change in effective portion of hedging contracts, tax (benefit) provision	39		(5)	34	33
Amortization of prior service cost, tax provision	$ 3	$ 3	$ 4	$ 10	$ 12
Common Stock Class Undefined
Common Stock, Voting Rights				Each share of common stock is entitled to one vote per share on all matters submitted to a vote of the shareholders.
Class A Common Stock
Common Stock, Voting Rights				Each share of class A common stock is entitled to 10 votes per share on all matters submitted to a vote of the shareholders.
Common stock, Conversion basis				Each 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 ($)	3 Months Ended		9 Months Ended
Treasury Stock - Additional Information (Details) - USD ($)	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023	Dec. 05, 2024	Nov. 23, 2021
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, total cost of shares repurchased	$ 1,542,000	$ 1,916,000	$ 2,628,000	$ 2,349,000
Surrender of Shares by Employee
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares repurchased			42,388	2,799
November 23, 2021 Share repurchase Program
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			$ 2,600,000
Stock repurchase program, number of shares repurchased			120,000
Stock repurchase program, average per share price of shares repurchased			$ 21.9
Stock repurchase program, remaining authorized repurchase amount	15,200,000		$ 15,200,000
March 25, 2021 and November 23, 2021 Share Repurchase Program
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, total cost of shares repurchased				$ 2,300,000
Stock repurchase program, number of shares repurchased				85,722
Stock repurchase program, average per share price of shares repurchased				$ 27.4
December 5, 2024 Share Repurchase Program
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares authorized	$ 50,000,000		$ 50,000,000
December 5, 2024 Share Repurchase Program \| Subsequent Event
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program, number of shares authorized					$ 50,000,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income - Component of Accumulated Other Comprehensive Income (Details) - USD ($)	Oct. 31, 2024	Jan. 31, 2024	Oct. 31, 2023
Accumulated Other Comprehensive Income Loss [Line Items]
Foreign currency translation adjustments	$ 91,593,000	$ 93,840,000	$ 83,261,000
Available-for-sale securities	193,000	169,000	144,000
Cash flow hedges	217,000	43,000	(2,000)
Total accumulated other comprehensive income	90,323,000	92,335,000	81,727,000
Unrecognized Prior Service Cost
Accumulated Other Comprehensive Income Loss [Line Items]
Defined benefit pension plan	(134,000)	(171,000)	(186,000)
Net Actuarial Loss
Accumulated Other Comprehensive Income Loss [Line Items]
Defined benefit pension plan	$ (1,546,000)	$ (1,546,000)	$ (1,490,000)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income - Additional Information (Details) - USD ($) $ in Millions	9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Amount reclassified from accumulated other comprehensive (loss)/income	$ (0.2)	$ 0.1

Revenue - Summary of Net Sales

Revenue - Summary of Net Sales Disaggregated by Customer Type (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Disaggregation Of Revenue [Line Items]
Net sales	$ 182,727	$ 187,686	$ 478,709	$ 492,981
Wholesale
Disaggregation Of Revenue [Line Items]
Net sales	150,321	154,330	374,300	386,767
Direct to consumer
Disaggregation Of Revenue [Line Items]
Net sales	31,578	32,602	101,931	103,618
After-sales service
Disaggregation Of Revenue [Line Items]
Net sales	$ 828	$ 754	$ 2,478	$ 2,596

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
	Apr. 04, 2013	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense		$ 0.2	$ 0.5	$ 0.7	$ 1.7
Stock options exercised				4,000
Unrecognized compensation cost related to unvested stock options		0.3		$ 0.3
Weighted-average period				4 months 24 days
Common stock tendered by employee for withholding tax obligation				42,388	2,799
Employee's withholding tax obligation				$ 1.2	$ 0.1
Cash received for stock option exercises				0.1	0
Stock Award Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Compensation expense		1	$ 1.4	$ 3.4	$ 3.8
Weighted-average period				1 year 10 months 24 days
Unrecognized compensation cost		$ 7.1		$ 7.1
Fair value of stock award units vested				$ 3.9
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%
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				200%
Stock Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of common stock shares	12,000,000
Options granted to participants exercisable period	3 years

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Stock Options Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Oct. 31, 2024	Jan. 31, 2024
Schedule of stock options activity
Outstanding Option Beginning Balance	1,014,189
Granted	0
Exercised	(4,000)
Forfeited	(58,700)
Outstanding Option Ending Balance	951,489	1,014,189
Exercisable	802,850	662,375
Expected to vest	148,142
Weighted Average Exercise Price per Option, Beginning Balance	$ 24.2
Granted, Weighted Average Exercise Price per Option	0
Exercised. Weighted Average Exercise Price per Option	16.87
Forfeited, Weighted Average Exercise Price per Option	42.12
Weighted Average Exercise Price per Option, Ending Balance	23.13	$ 24.2
Exercisable, Weighted Average Exercise Price per Option	20.37
Expected to vest, Weighted Average Exercise Price per Option	38.04
Option Price Per Share, Granted	0
Option Price Per Share, Exercised	16.87
Option Price Per Share, Forfeited	$ 42.12
Options outstanding, Weighted Average Remaining Contractual Term (years)	5 years 8 months 12 days	6 years 2 months 12 days
Exercisable, Weighted Average Remaining Contractual Term (years)	5 years 4 months 24 days
Expected to vest, Weighted Average Remaining Contractual Term (years)	7 years 4 months 24 days
Options outstanding, Aggregate Intrinsic Value	$ 1,462	$ 6,049
Exercisable, Aggregate Intrinsic Value	1,462
Expected to vest, Aggregate Intrinsic Value	$ 0
Minimum
Schedule of stock options activity
Option Price Per Share, Beginning Balance	$ 12.42
Option Price Per Share, Ending Balance	12.42	$ 12.42
Maximum
Schedule of stock options activity
Option Price Per Share, Beginning Balance	42.12
Option Price Per Share, Ending Balance	$ 38.04	$ 42.12

Stock-Based Compensation - Sc_2

Stock-Based Compensation - Schedule of Stock Options Activity (Parenthetical) (Details) - shares	Oct. 31, 2024	Jan. 31, 2024
Share-Based Payment Arrangement [Abstract]
Exercisable	802,850	662,375

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Awards Activity (Details) - Stock Award Units $ / shares in Units, $ in Thousands	9 Months Ended
	Oct. 31, 2024 USD ($) $ / shares shares
Number of Stock Award Units
Stock Award Units, Beginning Balance \| shares	485,956
Units granted \| shares	311,786
Units vested \| shares	(138,274)
Units forfeited \| shares	0
Stock Award Units, Ending Balance \| shares	659,468
Weighted Average Grant Date Fair Value
Weighted Average Grant Date Fair Value, Beginning Balance \| $ / shares	$ 30.15
Units granted, Weighted Average Grant Date Fair Value \| $ / shares	27.78
Units vested, Weighted Average Grant Date Fair Value \| $ / shares	28.19
Units forfeited, Weighted Average Grant Date Fair Value \| $ / shares	0
Weighted Average Grant Date Fair Value Ending Balance \| $ / shares	$ 29.44
Weighted-Average Remaining Contractual Term (years)
Units outstanding, Weighted-Average Remaining Contractual Term (years)	1 year 8 months 12 days
Aggregate Intrinsic Value
Units outstanding, Aggregate Intrinsic Value \| $	$ 12,180

Segment and Geographic Inform_3

Segment and Geographic Information - Additional Information (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Oct. 31, 2024 USD ($)	Oct. 31, 2023 USD ($)	Oct. 31, 2024 USD ($) Location Segment	Oct. 31, 2023 USD ($)
Segment Reporting Information [Line Items]
Number of operating segments \| Segment			2
Number of geographic locations \| Location			2
Net sales	$ 182,727	$ 187,686	$ 478,709	$ 492,981
Intersegment Eliminations
Segment Reporting Information [Line Items]
Net sales	$ 82,500	$ 86,800	$ 226,500	$ 200,300
Geographic Concentration Risk \| Europe \| Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	33.60%	34%	31.80%	31.40%
Geographic Concentration Risk \| Americas (excluding the United States) \| Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	8.80%	8%	9.20%	9.40%
Geographic Concentration Risk \| Middle East \| Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	8.80%	8.40%	9.10%	9.10%
Geographic Concentration Risk \| Asia \| Total net sales
Segment Reporting Information [Line Items]
International Operations Contribution	9.90%	8.80%	8.70%	8.20%

Segment and Geographic Inform_4

Segment and Geographic Information - Operating Segment Data (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023	Jan. 31, 2024
Operating segment data
Net sales		$ 182,727	$ 187,686	$ 478,709	$ 492,981
Operating (Loss)/Income	[1]	6,550	20,692	12,891	41,239
Total Assets		765,876	763,397	765,876	763,397	$ 769,082
Watch and Accessory Brands
Operating segment data
Net sales		161,863	165,139	415,189	424,818
Operating (Loss)/Income	[1]	5,272	18,489	7,475	31,907
Total Assets		700,388	703,253	700,388	703,253	710,067
Watch and Accessory Brands \| Owned brands category
Operating segment data
Net sales		50,389	55,416	135,802	149,436
Watch and Accessory Brands \| Licensed brands category
Operating segment data
Net sales		111,402	107,355	274,359	272,012
Watch and Accessory Brands \| After-sales service and all other
Operating segment data
Net sales		72	2,368	5,028	3,370
Company Stores
Operating segment data
Net sales		20,864	22,547	63,520	68,163
Operating (Loss)/Income	[1]	1,278	2,203	5,416	9,332
Total Assets		$ 65,488	$ 60,144	$ 65,488	$ 60,144	$ 59,015

[1] The operating (loss)/income in the United States and International locations of the Watch and Accessory Brands segment included a pre-tax charge of $ 1.5 million and $ 1.2 million, respectively, related to the Company’s cost-savings initiative for the three and nine months ended October 2024.

Segment and Geographic Inform_5

Segment and Geographic Information - Geographic Location Data (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023	Jan. 31, 2024
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales		$ 182,727	$ 187,686	$ 478,709	$ 492,981
Operating (Loss)/Income	[1]	6,550	20,692	12,891	41,239
Total Assets		765,876	763,397	765,876	763,397	$ 769,082
Property, Plant and Equipment, Net		20,480	19,458	20,480	19,458	19,436
United States
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	[2]	71,147	76,575	197,286	206,602
Operating (Loss)/Income	[1],[2]	(15,117)	(5,256)	(29,447)	(17,928)
Total Assets		426,642	373,812	426,642	373,812	361,980
Property, Plant and Equipment, Net		13,403	12,212	13,403	12,212	11,950
International
Revenues From External Customers And Long Lived Assets [Line Items]
Net sales	[3]	111,580	111,111	281,423	286,379
Operating (Loss)/Income	[1],[3]	21,667	25,948	42,338	59,167
Total Assets		339,234	389,585	339,234	389,585	407,102
Property, Plant and Equipment, Net		$ 7,077	$ 7,246	$ 7,077	$ 7,246	$ 7,486

[1] The operating (loss)/income in the United States and International locations of the Watch and Accessory Brands segment included a pre-tax charge of $ 1.5 million and $ 1.2 million, respectively, related to the Company’s cost-savings initiative for the three and nine months ended October 2024. The United States operatin g loss i ncluded $ 11.9 million and $ 14.3 million of unallocated corporate expenses for the three months ended October 31, 2024 and 2023, respectively. The United States operating loss include d $ 30.0 million and $ 36.0 million of unallocated corporate expenses for the nine months ended October 31, 2024 and 2023, respectively. The International operating income included $ 20.5 million and $ 22.9 million of certain intercompany profits related to the Company’s supply chain operations for the three months ended October 31, 2024 and 2023, respectively. The International operating income included $ 48.8 million and $ 55.4 million of certain intercompany profits related to the Company’s supply chain operations for the nine months ended October 31, 2024 and 2023, respectively.

Segment and Geographic Inform_6

Segment and Geographic Information - Geographic Location Data (Parenthetical) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Oct. 31, 2024	Oct. 31, 2023	Oct. 31, 2024	Oct. 31, 2023
Segment Reporting Information [Line Items]
Pre-tax charge related to cost-savings initiative	$ 2.7
United States
Segment Reporting Information [Line Items]
Unallocated corporate expenses	11.9	$ 14.3	$ 30	$ 36
United States \| Watch and Accessory Brands
Segment Reporting Information [Line Items]
Pre-tax charge related to cost-savings initiative	1.5		1.5
International
Segment Reporting Information [Line Items]
Profits related to the company's supply chain operations	20.5	$ 22.9	48.8	$ 55.4
International \| Watch and Accessory Brands
Segment Reporting Information [Line Items]
Pre-tax charge related to cost-savings initiative	$ 1.2		$ 1.2