MOVADO GROUP INC, 10-K filed on 3/19/2026
Annual Report
v3.26.1
Document and Entity Information - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Mar. 13, 2026
Jul. 31, 2025
Document Type 10-K    
Amendment Flag false    
Entity Filer Category Accelerated Filer    
Entity Small Business false    
Entity Emerging Growth Company false    
Document Period End Date Jan. 31, 2026    
Document Fiscal Year Focus 2026    
Document Fiscal Period Focus FY    
Entity Registrant Name MOVADO GROUP, INC.    
Entity Central Index Key 0000072573    
Current Fiscal Year End Date --01-31    
Entity Well-known Seasoned Issuer No    
Entity Current Reporting Status Yes    
Entity Shell Company false    
ICFR Auditor Attestation Flag true    
Document Financial Statement Error Correction [Flag] 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 Annual Report true    
Document Transition Report false    
Entity Incorporation, State or Country Code NY    
Entity Interactive Data Current Yes    
Entity Voluntary Filers No    
Entity Public Float     $ 237
Title of 12(b) Security Common stock, par value $0.01 per share    
Trading Symbol MOV    
Security Exchange Name NYSE    
Documents Incorporated by Reference

Portions of the definitive proxy statement relating to registrant’s 2026 annual meeting of shareholders (the “Proxy Statement”) are incorporated by reference in Part III hereof.

   
Auditor Name PricewaterhouseCoopers LLP    
Auditor Location New York, New York    
Auditor Firm ID 238    
Auditor Opinion

Opinions on the Financial Statements and Internal Control over Financial Reporting

We have audited the accompanying consolidated balance sheets of Movado Group, Inc. and its subsidiaries (the “Company”) as of January 31, 2026 and 2025, and the related consolidated statements of operations, of comprehensive income (loss), of changes in equity and of cash flows for each of the three years in the period ended January 31, 2026, including the related notes and schedule of valuation and qualifying accounts for each of the three years in the period ended January 31, 2026 appearing on page S-1 (collectively referred to as the “consolidated financial statements”). We also have audited the Company’s internal control over financial reporting as of January 31, 2026, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of January 31, 2026 and 2025, and the results of its operations and its cash flows for each of the three years in the period ended January 31, 2026 in conformity with accounting principles generally accepted in the United States of America. Also in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of January 31, 2026, based on criteria established in Internal Control - Integrated Framework (2013) issued by the COSO.

   
Common Stock Class Undefined      
Entity Common Stock, Shares Outstanding   15,622,386  
Class A Common Stock      
Entity Common Stock, Shares Outstanding   6,455,602  
v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jan. 31, 2026
Jan. 31, 2025
Current assets:    
Cash and cash equivalents $ 230,541 $ 208,501
Trade receivables, net 102,037 93,382
Inventories 158,331 156,738
Other current assets 22,208 21,786
Income taxes receivable 4,118 9,534
Total current assets 517,235 489,941
Property, plant and equipment, net 17,105 19,920
Operating lease right-of-use assets 67,873 86,009
Deferred and non-current income taxes 45,917 41,330
Other intangibles, net 4,162 5,537
Other non-current assets 90,329 86,494
Total assets 742,621 729,231
Current liabilities:    
Accounts payable 21,138 34,312
Accrued liabilities 49,748 42,610
Accrued payroll and benefits 17,896 7,840
Current operating lease liabilities 20,603 19,263
Income taxes payable 3,663 8,935
Total current liabilities 113,048 112,960
Deferred and non-current income taxes payable 1,030 1,008
Non-current operating lease liabilities 58,063 75,508
Other non-current liabilities 60,220 56,176
Total liabilities 232,361 245,652
Commitments and contingencies (Note 10)
Equity:    
Preferred Stock, $0.01 par value, 5,000,000 shares authorized; no shares issued 0 0
Capital in excess of par value 249,108 243,355
Retained earnings 442,204 446,704
Accumulated other comprehensive income 110,614 79,981
Treasury Stock, 13,725,962 and 13,490,483 shares, respectively, at cost (293,441) (289,067)
Total Movado Group, Inc. shareholders' equity 508,842 481,329
Noncontrolling interest 1,418 2,250
Total equity 510,260 483,579
Total liabilities and equity 742,621 729,231
Common Stock Class Undefined    
Equity:    
Common Stock 293 292
Class A Common Stock    
Equity:    
Common Stock $ 64 $ 64
v3.26.1
CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - $ / shares
Jan. 31, 2026
Jan. 31, 2025
Preferred Stock, par value $ 0.01 $ 0.01
Preferred Stock, shares authorized 5,000,000 5,000,000
Preferred Stock, shares issued 0 0
Treasury Stock, Shares 13,725,962 13,490,483
Common Stock Class Undefined    
Common Stock, par value $ 0.01 $ 0.01
Common Stock, shares authorized 100,000,000 100,000,000
Common Stock, shares issued 29,347,358 29,178,287
Class A Common Stock    
Common Stock, par value $ 0.01 $ 0.01
Common Stock, shares authorized 30,000,000 30,000,000
Common Stock, shares issued 6,455,602 6,458,376
v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Income Statement [Abstract]      
Net sales $ 671,310 $ 653,378 $ 664,389
Cost of sales 307,707 300,238 300,230
Gross profit 363,603 353,140 364,159
Selling, general and administrative 333,774 333,125 315,689
Operating income [1],[2] 29,829 20,015 48,470
Non-operating income/(expense):      
Other income, net 5,033 7,125 5,994
Interest expense (507) (489) (497)
Income before income taxes 34,355 26,651 53,967
Provision for income taxes (Note 12) 7,487 7,442 11,792
Net income 26,868 19,209 42,175
Less: Net income attributable to noncontrolling interest 316 845 830
Net income attributable to Movado Group, Inc. $ 26,552 $ 18,364 $ 41,345
Basic income per share:      
Weighted basic average shares outstanding 22,243 22,268 22,221
Net income per share attributable to Movado Group, Inc. $ 1.19 $ 0.82 $ 1.86
Diluted income per share:      
Weighted diluted average shares outstanding 22,614 22,603 22,641
Net income per share attributable to Movado Group, Inc. $ 1.17 $ 0.81 $ 1.83
[1] The operating income in the Watch and Accessory Brands segment for the fiscal year ended January 31, 2026, included a pre-tax charge of $1.5 million related to the Company's cost-savings initiative and a pre-tax charge of $3.6 million of costs related to the investigation of allegations of misconduct within the Dubai branch of the Company's Swiss subsidiary. The operating income in the Watch and Accessory Brands segment for the fiscal year ended January 31, 2025, included a pre-tax charge of $4.6 million related to the Company's cost-savings initiative and a pre-tax charge of $2.5 million of costs related to the investigation of allegations of misconduct within the Dubai branch of the Company's Swiss subsidiary.
[2] The operating income in the Watch and Accessory Brands segment included $37.7 million, $30.0 million and $30.8 million of unallocated corporate expenses for the fiscal years ended January 31, 2026, 2025 and 2024, respectively, and $66.4 million, $67.0 million and $71.5 million of certain intercompany profits related to the Company's supply chain operations for the fiscal years ended January 31, 2026, 2025 and 2024, respectively.
v3.26.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Statement of Comprehensive Income [Abstract]      
Net income $ 26,868 $ 19,209 $ 42,175
Other comprehensive income/(loss):      
Net unrealized (loss)/gain on investments, net of tax (benefit)/provision of ($6), $15 and ($4), respectively (19) 46 (13)
Amortization of prior service cost, net of tax provision of $14, $19 and $16, respectively 54 49 60
Net actuarial (loss)/gain arising during the period, net of tax (benefit)/provision of ($499), ($29) and ($15), respectively (1,855) (85) (56)
Foreign currency translation adjustments 32,453 (12,321) 10,835
Accumulated other comprehensive (loss)/income before reclassification, net of tax (benefit)/provision of ($327), $1 and $42, respectively (1,656) 3 214
Amounts reclassified from accumulated other comprehensive income/(loss), net of tax provision/(benefit) of $327, ($9) and $0, respectively 1,656 (46) 0
Total other comprehensive (loss)/income, net of taxes 30,633 (12,354) 11,040
Comprehensive income/(loss) attributable to noncontrolling interests:      
Net income 316 845 830
Foreign currency translation adjustments 211 (150) (178)
Total comprehensive income attributable to noncontrolling interests 527 695 652
Total comprehensive income attributable to Movado Group, Inc. $ 56,974 $ 6,160 $ 52,563
v3.26.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (PARENTHETICAL) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Statement of Comprehensive Income [Abstract]      
Net unrealized (loss)/gain on investments, tax (benefit)/provision $ (6) $ 15 $ (4)
Amortization of prior service cost, tax provision 14 19 16
Net actuarial (loss)/gain created in current year, tax (benefit)/provision (485) (29) (15)
Accumulated other comprehensive (loss)/income before reclassification, tax (benefit)/provision (327) 1 42
Amounts reclassified from accumulated other comprehensive income/(loss), tax provision/(benefit) $ 327 $ (9) $ 0
v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Cash flows from operating activities:      
Net income/(loss) $ 26,868 $ 19,209 $ 42,175
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 9,416 9,312 9,644
Transactional losses/(gains) 743 (388) 722
Provision for inventories and accounts receivable 5,684 4,588 5,418
Deferred income taxes (2,827) 827 319
Stock-based compensation 5,156 4,108 7,442
Other 1,045 413 1,020
Changes in assets and liabilities:      
Trade receivables (276) (11,550) (899)
Inventories 9,834 (11,725) 35,675
Other current assets 1,467 (4,589) 5,962
Accounts payable (15,451) 1,842 1,541
Accrued liabilities 3,381 3,102 (6,011)
Accrued payroll and benefits 9,461 475 (9,922)
Income taxes receivable 4,832 9,532 (3,744)
Income taxes payable (4,562) (21,971) (13,832)
Other non-current assets 2,225 (4,278) 1,877
Other non-current liabilities 925 (411) (609)
Net cash provided by/(used in) operating activities 57,921 (1,504) 76,778
Cash flows from investing activities:      
Capital expenditures (4,512) (7,966) (8,223)
Long-term investments (3,440) (5,667) (3,107)
Trademarks and other intangibles (138) (109) (144)
Net cash used in investing activities (8,090) (13,742) (11,474)
Cash flows from financing activities:      
Dividends paid (31,052) (31,069) (53,146)
Stock repurchases (3,900) (2,628) (3,116)
Distribution of noncontrolling interest earnings (1,359) (604) (1,431)
Stock awards and options exercised and other changes 32 (1,101) 97
Net cash used in financing activities (36,279) (35,402) (57,596)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 8,616 (2,952) 2,927
Net increase/(decrease) in cash, cash equivalents and restricted cash 22,168 (53,600) 10,635
Cash, cash equivalents and restricted cash at beginning of year 209,214 262,814 252,179
Cash, cash equivalents and restricted cash at end of year 231,382 209,214 262,814
Reconciliation of cash, cash equivalents and restricted cash:      
Cash and cash equivalents 230,541 208,501 262,059
Restricted cash included in other non-current assets 841 713 755
Cash, cash equivalents, and restricted cash $ 231,382 $ 209,214 $ 262,814
v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Common Stock Class Undefined
Common Stock
Class A Common Stock
Capital in Excess of Par Value
Retained Earnings
Accumulated Other Comprehensive Income
Treasury Stock
Noncontrolling Interests
Beginning Balance at Jan. 31, 2023 $ 505,002 $ 288 $ 65 $ 230,782 $ 471,210 $ 81,295 $ (281,576) $ 2,938
Beginning Balance , Shares at Jan. 31, 2023   28,807 [1] 6,525 [2]          
Net income/(loss) attributable to Movado Group, Inc. 42,175       41,345     830
Dividends (53,146)       (53,146)      
Distribution of noncontrolling interest earnings (1,431)             (1,431)
Stock awards and options exercised 96 $ 1   673     (578)  
Stock awards and options exercised,Shares [1]   153            
Stock repurchases (3,116)           (3,116)  
Conversion of Class A Common Stock to Common Stock ,Share   42 [1] (42) [2]          
Conversion of Class A Common Stock to Common Stock   $ 1 $ (1)          
Supplemental executive retirement plan 165     165        
Supplemental executive retirement plan, Shares [1]   2            
Stock-based compensation expense 7,442     7,442        
Net unrealized gain/(loss) on investments, net of tax provision (benefit) (13)         (13)    
Net change in effective portion of hedging contracts, net of tax provision (benefit) 214         214    
Amortization of prior service cost, net of tax provision 60         60    
Net actuarial (loss)/gain arising during period, net of tax (benefit)/provision (56)         (56)    
Foreign currency translation adjustment [3] 10,657         10,835   (178)
Ending Balance at Jan. 31, 2024 508,049 $ 290 $ 64 239,062 459,409 92,335 (285,270) 2,159
Ending Balance ,Shares at Jan. 31, 2024   29,004 [1] 6,483 [2]          
Net income/(loss) attributable to Movado Group, Inc. 19,209       18,364     845
Dividends (31,069)       (31,069)      
Distribution of noncontrolling interest earnings (604)             (604)
Stock awards and options exercised (1,101) $ 2   66     (1,169)  
Stock awards and options exercised,Shares [1]   145            
Stock repurchases (2,628)           (2,628)  
Conversion of Class A Common Stock to Common Stock ,Share   25 [1] (25) [2]          
Supplemental executive retirement plan 119     119        
Supplemental executive retirement plan, Shares [1]   4            
Stock-based compensation expense 4,108     4,108        
Net unrealized gain/(loss) on investments, net of tax provision (benefit) 46         46    
Net change in effective portion of hedging contracts, net of tax provision (benefit) (43)         (43)    
Amortization of prior service cost, net of tax provision 49         49    
Net actuarial (loss)/gain arising during period, net of tax (benefit)/provision (85)         (85)    
Joint venture incremental share purchase 0              
Foreign currency translation adjustment [3] (12,471)         (12,321)   (150)
Ending Balance at Jan. 31, 2025 483,579 $ 292 $ 64 243,355 446,704 79,981 (289,067) 2,250
Ending Balance ,Shares at Jan. 31, 2025   29,178 [1] 6,458 [2]          
Net income/(loss) attributable to Movado Group, Inc. 26,868       26,552     316
Dividends (31,052)       (31,052)      
Distribution of noncontrolling interest earnings (1,359)             (1,359)
Stock awards and options exercised (32) $ 1   505     (474)  
Stock awards and options exercised,Shares [1]   158            
Stock repurchases (3,900)           (3,900)  
Conversion of Class A Common Stock to Common Stock ,Share   3 [1] (3) [2]          
Supplemental executive retirement plan 92     92        
Supplemental executive retirement plan, Shares [1]   8            
Stock-based compensation expense 5,156     5,156        
Net unrealized gain/(loss) on investments, net of tax provision (benefit) (19)         (19)    
Net change in effective portion of hedging contracts, net of tax provision (benefit) (0)              
Amortization of prior service cost, net of tax provision 54         54    
Net actuarial (loss)/gain arising during period, net of tax (benefit)/provision (1,855)         (1,855)    
Foreign currency translation adjustment [3] 32,664         32,453   211
Ending Balance at Jan. 31, 2026 $ 510,260 $ 293 $ 64 $ 249,108 $ 442,204 $ 110,614 $ (293,441) $ 1,418
Ending Balance ,Shares at Jan. 31, 2026   29,347 [1] 6,455 [2]          
[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.
v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (PARENTHETICAL) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Dividends per share $ 1.4 $ 1.4 $ 2.4
Net unrealized gain/(loss) on investments, net of tax provision (benefit) $ (6) $ 15 $ (4)
Net change in effective portion of hedging contracts, tax provision (benefit) 0 (8) 42
Amortization of prior service cost, tax provision 14 19 16
Net actuarial gain/(loss) arising during period, net of tax provision/(benefit) $ (485) $ (29) $ (15)
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. The class A common stock is not publicly traded and consequently, there is currently no established public trading market for these shares.    
v3.26.1
Pay vs Performance Disclosure - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Pay vs Performance Disclosure      
Net Income (Loss) $ 26,552 $ 18,364 $ 41,345
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Jan. 31, 2026
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
v3.26.1
Insider Trading Policies and Procedures
 12 Months Ended
Jan. 31, 2026
Insider Trading Policies and Procedures [Line Items]  
Insider Trading Policies and Procedures Adopted true
v3.26.1
Cybersecurity Risk Management, Strategy and Governance
 12 Months Ended
Jan. 31, 2026
Cybersecurity Risk Management, Strategy, and Governance [Line Items]  
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]

Item 1C. Cybersecurity

Risk Management and Strategy

The Company recognizes the importance of assessing, identifying, and managing material risks associated with cybersecurity threats. These risks include, among other things: operational risks, intellectual property theft, fraud, extortion, harm to employees or customers, and violation of data privacy laws.

Identifying and assessing cybersecurity risk is integrated into the Company’s overall risk management processes. Cybersecurity risks are identified and addressed through internal information technology security, governance, risk and compliance reviews, as well as periodic third-party assessments. To defend, detect and respond to cybersecurity incidents, the Company maintains technical and organizational safeguards, including employee training, incident response capability reviews and exercises, cybersecurity insurance and disaster recovery plans. The Company also performs penetration testing to test security controls and monitors emerging laws and regulations related to data protection and information security. In addition, the Company performs third-party risk management (including gathering information via questionnaires and/or service organization controls (SOC) reports) to identify and mitigate risks from third parties such as vendors, suppliers and major customers that process the Company’s employee, business or customer data.

The Company’s cybersecurity incident response and breach management processes are intended to detect and analyze security incidents; to contain, eradicate and recover from such incidents; and to conduct a post-incident analysis to determine whether any changes to processes or security measures are merited. Such incident responses are overseen by a Breach Response Team consisting of leaders from the Company’s Information Technology, Legal, Finance, Risk Management and Human Resources departments, with the assistance of external technical, legal and law enforcement support, as and when appropriate. Security events and data incidents are evaluated, ranked by severity and prioritized for response and remediation. Incidents are evaluated to determine materiality and operational, business and privacy impact, as well as the potential need for timely public disclosure.

From time to time the Breach Response Team conducts tabletop exercises to simulate responses to cybersecurity incidents, including the analysis of risks and the development of detection, mitigation and remediation strategies. The Breach Response Team also uses these exercises as an opportunity to discuss other topics related to cybersecurity, including notable developments in this area.

In the last three fiscal years, the Company has not experienced any material cybersecurity incidents or incurred any material expenses related to cybersecurity incidents. For a discussion of whether and how any risks from cybersecurity threats, including as a result of any previous cybersecurity incidents, have materially affected or are reasonably likely to materially affect the Company, including its business strategy, results of operations or financial condition, see Item 1A. Risk Factors – “The Company depends on its information systems to run its business and any significant breach of or disruption to those systems could materially disrupt the Company’s business” and “If the Company were to experience a significant privacy breach, it could be subject to costly government enforcement actions and private litigation and suffer significant negative publicity which could materially and adversely affect the Company’s results of operations,” which are incorporated by reference into this Item 1C.

Governance

The Audit Committee of the Board of Directors has assumed responsibility for the oversight of management’s strategies and processes for addressing risks from cybersecurity threats. The Audit Committee or the full Board receives quarterly updates regarding cybersecurity and data privacy matters from senior management, including leaders from the Information Technology and Legal teams. This generally includes briefings regarding existing and new cybersecurity risks, status on how management is addressing and/or mitigating those risks, cybersecurity and data privacy incidents (if any), a cybersecurity maturity scorecard, status of key information security initiatives, and significant developments in data privacy regulations.

The Company’s cybersecurity risk management and strategy processes are overseen by leaders from the Information Technology team (specifically, the Company’s chief technology officer, its chief information officer, and its senior manager for cybersecurity) who collectively have over 75 years of prior work experience in various information technology roles, including security, auditing, compliance, systems and programming, and whose credentials have included Certified in the Governance of Enterprise IT (CGEIT), Certified in Risk and Information Systems Control (CRISC) and Certified Information Systems Security Professional certifications. These individuals are informed about, and monitor the prevention, mitigation, detection and remediation of, cybersecurity incidents through their management of, and participation in, the cybersecurity risk management and strategy processes described above, including the operation of the Company's incident response plan. Potentially significant cybersecurity incidents are reported to the Breach Response Team. If the Breach Response Team deems the incident material, it will promptly notify the Audit Committee or the full Board of Directors. The Audit Committee or Board receives updates regarding other incidents during management’s regular quarterly cybersecurity updates. In addition, the Company's Internal Audit function, whose leader possesses a Certified Information System Auditor (CISA) certification, reviews certain cybersecurity controls in connection with its information technology audit procedures.
Cybersecurity Risk Management Processes Integrated [Flag] true
Cybersecurity Risk Management Processes Integrated [Text Block] Identifying and assessing cybersecurity risk is integrated into the Company’s overall risk management processes.
Cybersecurity Risk Management Third Party Engaged [Flag] true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag] true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag] false
Cybersecurity Risk Board of Directors Oversight [Text Block]

The Audit Committee of the Board of Directors has assumed responsibility for the oversight of management’s strategies and processes for addressing risks from cybersecurity threats. The Audit Committee or the full Board receives quarterly updates regarding cybersecurity and data privacy matters from senior management, including leaders from the Information Technology and Legal teams. This generally includes briefings regarding existing and new cybersecurity risks, status on how management is addressing and/or mitigating those risks, cybersecurity and data privacy incidents (if any), a cybersecurity maturity scorecard, status of key information security initiatives, and significant developments in data privacy regulations.

The Company’s cybersecurity risk management and strategy processes are overseen by leaders from the Information Technology team (specifically, the Company’s chief technology officer, its chief information officer, and its senior manager for cybersecurity) who collectively have over 75 years of prior work experience in various information technology roles, including security, auditing, compliance, systems and programming, and whose credentials have included Certified in the Governance of Enterprise IT (CGEIT), Certified in Risk and Information Systems Control (CRISC) and Certified Information Systems Security Professional certifications. These individuals are informed about, and monitor the prevention, mitigation, detection and remediation of, cybersecurity incidents through their management of, and participation in, the cybersecurity risk management and strategy processes described above, including the operation of the Company's incident response plan. Potentially significant cybersecurity incidents are reported to the Breach Response Team. If the Breach Response Team deems the incident material, it will promptly notify the Audit Committee or the full Board of Directors. The Audit Committee or Board receives updates regarding other incidents during management’s regular quarterly cybersecurity updates. In addition, the Company's Internal Audit function, whose leader possesses a Certified Information System Auditor (CISA) certification, reviews certain cybersecurity controls in connection with its information technology audit procedures.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block] The Audit Committee of the Board of Directors has assumed responsibility for the oversight of management’s strategies and processes for addressing risks from cybersecurity threats.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block] The Audit Committee or the full Board receives quarterly updates regarding cybersecurity and data privacy matters from senior management, including leaders from the Information Technology and Legal teams. This generally includes briefings regarding existing and new cybersecurity risks, status on how management is addressing and/or mitigating those risks, cybersecurity and data privacy incidents (if any), a cybersecurity maturity scorecard, status of key information security initiatives, and significant developments in data privacy regulations.
Cybersecurity Risk Role of Management [Text Block] The Company’s cybersecurity risk management and strategy processes are overseen by leaders from the Information Technology team (specifically, the Company’s chief technology officer, its chief information officer, and its senior manager for cybersecurity) who collectively have over 75 years of prior work experience in various information technology roles, including security, auditing, compliance, systems and programming, and whose credentials have included Certified in the Governance of Enterprise IT (CGEIT), Certified in Risk and Information Systems Control (CRISC) and Certified Information Systems Security Professional certifications. These individuals are informed about, and monitor the prevention, mitigation, detection and remediation of, cybersecurity incidents through their management of, and participation in, the cybersecurity risk management and strategy processes described above, including the operation of the Company's incident response plan. Potentially significant cybersecurity incidents are reported to the Breach Response Team. If the Breach Response Team deems the incident material, it will promptly notify the Audit Committee or the full Board of Directors.
Cybersecurity Risk Management Positions or Committees Responsible [Flag] true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block] The Company’s cybersecurity risk management and strategy processes are overseen by leaders from the Information Technology team (specifically, the Company’s chief technology officer, its chief information officer, and its senior manager for cybersecurity) who collectively have over 75 years of prior work experience in various information technology roles, including security, auditing, compliance, systems and programming, and whose credentials have included Certified in the Governance of Enterprise IT (CGEIT),
Cybersecurity Risk Management Expertise of Management Responsible [Text Block] Information Technology team (specifically, the Company’s chief technology officer, its chief information officer, and its senior manager for cybersecurity) who collectively have over 75 years of prior work experience in various information technology roles, including security, auditing, compliance, systems and programming, and whose credentials have included Certified in the Governance of Enterprise IT (CGEIT), Certified in Risk and Information Systems Control (CRISC) and Certified Information Systems Security Professional certifications.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block] cybersecurity incidents are reported to the Breach Response Team. If the Breach Response Team deems the incident material, it will promptly notify the Audit Committee or the full Board of Directors. The Audit Committee or Board receives updates regarding other incidents during management’s regular quarterly cybersecurity updates. In addition, the Company's Internal Audit function, whose leader possesses a Certified Information System Auditor (CISA) certification, reviews certain cybersecurity controls in connection with its information technology audit procedures.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag] true
v3.26.1
Significant Accounting Policies
 12 Months Ended
Jan. 31, 2026
Accounting Policies [Abstract]  
Significant Accounting Policies

NOTE 1 - SIGNIFICANT ACCOUNTING POLICIES

Organization and Business

Movado Group, Inc. (together with its subsidiaries, the “Company”) designs, sources, markets and distributes quality watches with prominent brands across most price categories of the watch industry. The Company's fiscal year ends on January 31st of each year, and references to fiscal 2026 relate to the year ended January 31, 2026. In fiscal 2026, the Company marketed the following distinct brands of watches: Movado, Concord, EBEL, Olivia Burton, MVMT, Coach, Tommy Hilfiger, Hugo Boss, Lacoste and Calvin Klein. The Company also designs, sources, markets and distributes jewelry and other accessories under certain of its brands.

Movado (with the exception of certain Movado collections), EBEL and Concord watches, as well as certain Calvin Klein watch styles, are manufactured in Switzerland by independent third-party assemblers using Swiss movements and other parts sourced by the Company’s Swiss operations. All of the Company’s products are manufactured using components obtained from third party suppliers. Certain Movado collections of watches are manufactured by independent contractors in Switzerland and Asia using Swiss movements. Coach, Hugo Boss, Lacoste, Olivia Burton, MVMT, Tommy Hilfiger and most Calvin Klein watches are manufactured by independent contractors in Asia. The Company’s jewelry and other accessories are manufactured by independent contractors in Asia and, to a lesser extent, the United States.

In addition to its sales to trade customers and independent distributors, the Company sells directly to consumers via its e-commerce platforms and also operates 53 retail outlet locations throughout the United States and four in Canada, through which it sells current and discontinued models and factory seconds of all of the Company’s watch brands.

Principles of Consolidation

The Consolidated Financial Statements include the accounts of the Company and its wholly-owned subsidiaries. Intercompany transactions and balances have been eliminated. To the extent a subsidiary is not wholly-owned, any related noncontrolling interests are included as a separate component of Shareholders’ Equity.

Use of Estimates in the Preparation of Financial Statements

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. These estimates and assumptions are based on management’s best estimates and judgment. On an on-going basis, the Company evaluates its estimates and judgment. These estimates include accounting for sales discounts, returns, markdowns, allowance for expected credit losses, allowances and incentives, warranties, income taxes, depreciation, amortization, inventory write-downs, stock-based compensation, pensions, contingencies and impairments of long-lived assets. Actual results could differ from those estimates.

Translation of Foreign Currency Financial Statements and Foreign Currency Transactions

The financial statements of the Company’s international subsidiaries have been translated into United States dollars by translating balance sheet accounts at year-end exchange rates and the weighted average exchange rate for each period for revenues, expenses, gains, losses and cash flows. Foreign currency transaction gains and losses are charged or credited to earnings as incurred. Foreign currency translation gains and losses are reflected in the equity section of the Company’s Consolidated Balance Sheets in accumulated other comprehensive income.

Cash and Cash Equivalents and Restricted Cash

Cash equivalents include all highly liquid investments with original maturities at date of purchase of three months or less.

Restricted cash is comprised of cash or cash equivalents which has been placed into an account that is restricted for a specific use and from which the Company cannot withdraw the cash on demand.

Trade Receivables

Trade receivables as shown on the Consolidated Balance Sheets are net of various allowances. The Company utilizes a methodology that reflects expected credit losses and requires the use of a forward-looking expected credit loss rate for its trade accounts receivables. The Company writes off uncollectible trade receivables once collection efforts have been exhausted and third parties confirm the balance is not recoverable.

Included in Trade receivables are amounts due from trade customers including department stores, jewelry store chains, independent jewelers, third-party e-commerce retailers and payment processors used by the Company's owned e-commerce websites. All of the Company’s watch brands are also marketed outside the U.S. through a network of independent distributors. Trade receivables, net are stated net of reserves for expected credit losses, returns and allowances of $31.7 million and $26.1 million at January 31, 2026 and 2025, respectively. Trade receivables, net are also stated net of certain cooperative advertising allowances of $6.6 million and $4.2 million at January 31, 2026 and 2025, respectively. Cooperative advertising allowances are credits to be taken by the customer at a future date on previously executed cooperative advertising.

The Company’s concentrations of credit risk arise primarily from accounts receivable related to trade customers during the peak selling seasons. The Company has significant accounts receivable balances due from major national chain and department stores and third-party e-commerce retailers. The Company’s results of operations could be materially adversely affected in the event any of these customers or a group of these customers defaulted on all or a significant portion of their obligations to the Company. As of January 31, 2026, except for those accounts provided for in the allowance for expected credit losses, the Company knew of no situations with any of the Company’s major customers which would indicate any such customer’s inability to make its required payments.

No single customer accounted for more than 10% of net sales during any of the years in the three-year period ended January 31, 2026. At January 31, 2026, accounts receivable included amounts due from a significant e-commerce retail customer and certain of its affiliates representing approximately 25% of total net accounts receivable. Revenue attributable to this customer represented less than 10% of consolidated net sales for the fiscal year. The concentration at year-end was primarily due to the timing of shipments in the fourth quarter and related collections in the ordinary course of business. This e-commerce retail commerce company is an investment-grade rated customer with substantial liquidity and a strong history of payment performance. The Company monitors credit exposure on an ongoing basis and has not experienced material credit losses related to this customer.

Inventories

The Company values its inventory at the lower of cost or net realizable value. Cost is determined using the average cost method. The Company performs reviews of its on-hand inventory to determine amounts, if any, of inventory that is deemed discontinued, excess, or unsaleable. Inventory classified as discontinued, together with the related component parts that can be assembled into saleable finished goods, is sold primarily through the Company’s retail outlet locations. The Company retains adequate levels of component parts to facilitate both the manufacturing of its watches as well as the after-sales service of its watches for an extended period of time after the discontinuance of the manufacturing of such watches. The adjustment to reduce the value of component parts below their cost to their net realizable value is based on the timing of when a component part is no longer associated with a watch that is being manufactured as well as the significant assumption related to the anticipated utilization of component parts for after-sales service.

Property, Plant and Equipment

Property, plant and equipment, including computer software, are stated at cost less accumulated depreciation. The Company capitalizes certain computer software costs after technological feasibility has been established. Depreciation and amortization are computed using the straight-line method based on the estimated useful lives of the assets. The cost of property, plant and equipment and related depreciation and amortization are removed from the accounts upon the disposition or retirement of such assets and the resulting gain or loss is reflected in operating income.

Intangibles

Intangible assets consist primarily of trade names, customer relationships and trademarks. In accordance with applicable guidance, the Company estimates and records the fair value of purchased intangible assets at the time of their acquisition. The fair values of these intangible assets are estimated at the time of acquisition based on independent third-party appraisals. Finite-lived intangible assets are amortized over their respective estimated useful lives, typically ten years, and are evaluated for impairment whenever events or changes in circumstances indicate that their related carrying values may not be fully recoverable. The Company determined that there was no impairment in fiscal 2026, fiscal 2025 or in fiscal 2024.

Noncontrolling Interest

Noncontrolling interest is recognized as equity in the Company’s Consolidated Balance Sheets and represents ownership interests in the Company’s subsidiaries held by third parties.

Long-Lived Assets

The Company periodically reviews the estimated useful lives of its depreciable assets based on factors including historical experience, the expected beneficial service period of the asset, the quality and durability of the asset and the Company’s maintenance policy including periodic upgrades. Changes in useful lives are made on a prospective basis unless factors indicate the carrying amounts of the assets may not be recoverable and an impairment is necessary.

The Company performs an impairment review of its long-lived assets once events or changes in circumstances indicate, in management’s judgment, that the carrying value of such assets may not be recoverable. When such a determination has been made, management compares the carrying value of the asset groups with their estimated future undiscounted cash flows. If it is determined that an impairment has occurred, the fair value of the asset group is determined and compared to its carrying value. The excess of the carrying value over the fair value, if any, is recognized as a loss during that period. The impairment is calculated as the difference between asset carrying values and their estimated fair values. No impairment charge was recorded in fiscal 2026, fiscal 2025 or in fiscal 2024.

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. The Company has evaluated and will regularly evaluate the carrying value of its investments. The carrying value of the investments are recorded in Other non-current assets in the Consolidated Balance Sheets at January 31, 2026 and 2025.

Derivative Financial Instruments

The Company accounts for its derivative financial instruments in accordance with the accounting guidance which requires that an entity recognize all derivatives as either assets or liabilities in the Consolidated Balance Sheets and measure those instruments at fair value. A significant portion of the Company’s purchases are denominated in Swiss Francs and, to a lesser extent, the Japanese Yen. The Company also sells to third-party customers in a variety of foreign currencies, most notably the Euro, Swiss Franc and the British Pound. The Company reduces its exposure to the Swiss Franc, Euro, British Pound, Chinese Yuan and Japanese Yen exchange rate risks through a hedging program. Under the hedging program, the Company manages most of its foreign currency exposures on a consolidated basis, which allows it to net certain exposures and take advantage of natural offsets. In the event these exposures do not offset, from time to time the Company uses various derivative financial instruments to further reduce the net exposures to currency fluctuations, predominately forward and option contracts. Certain of these contracts meet the requirements of qualified hedges. In these circumstances, the Company designates and documents these derivative instruments as a cash flow hedge of a specific underlying exposure, as well as the risk management objectives and strategies for undertaking the hedge transactions. Changes in the fair value of hedges designated and documented as a cash flow hedge and which are highly effective, are recorded in other comprehensive income until the underlying transaction affects earnings, and then are reclassified into earnings in the same account as the hedged transaction. The earnings impact is mostly offset by the effects of currency movements on the underlying hedged transactions. The Company formally assesses, both at the inception and at each fiscal quarter thereafter, the effectiveness of the derivative instrument hedging the underlying forecasted cash flow transaction. The Company does not exclude any designated cash flow hedges from its effective testing. Hedge accounting is discontinued if it is determined that the derivative is not highly effective.

From time to time the Company uses forward exchange contracts, which do not meet the requirements of qualified hedges, to offset its exposure to certain foreign currency receivables and liabilities. These forward contracts are not designated as qualified hedges and, therefore, changes in the fair value of these derivatives are recognized in earnings in the period they arise, thereby offsetting the current earnings effect resulting from the revaluation of the related foreign currency receivables and liabilities.

All of the Company’s derivative instruments have fair values which can be determined directly or indirectly based on available market data. The Company does not enter into any derivative instruments for trading purposes.

Revenue Recognition

Wholesale revenue is recognized and recorded when a contract is in place, obligations under the terms of a contract with the customer are satisfied and control is transferred to the customer. Such revenue is measured as the ultimate amount of consideration the Company expects to receive in exchange for transferring goods including variable consideration. The Company has determined that transfer of

control passes to the wholesale customer upon shipment or upon receipt depending on the agreement with the customer and shipping terms. Control passes to outlet store customers at the time of sale and to substantially all e-commerce customers upon shipment. Factors considered in the transfer of control include the right to payment, transfer of legal title, physical possession and customer acceptance of the goods and whether significant risks and rewards for the goods belong with the customer. The Company records estimates of variable consideration, which includes sales returns and markdown allowances as a reduction of revenue in the same period that the sales are recorded. These estimates are based upon the expected value method considering all reasonably available information including historical analysis, customer agreements and/or currently known factors that arise in the normal course of business. Discounts, returns and allowances have historically been within the Company’s expectations and the provisions established. The future provisional rates may differ from those experienced in the past. Taxes imposed by governmental authorities on the Company's revenue-producing activities with customers, such as sales taxes and value added taxes, are excluded from net sales.

Cost of Sales

Cost of sales of the Company’s products consist primarily of costs for raw materials, component costs, royalties, depreciation, amortization, assembly costs, shipping to customers, design costs and unit overhead costs associated with the Company’s supply chain operations predominately in Switzerland and Asia. The Company’s supply chain operations consist of logistics management of assembly operations and product sourcing predominately in Switzerland and Asia and minor assembly in Switzerland. The Swiss watch movements used in the manufacture of Movado, EBEL and Concord watches, as well as certain Calvin Klein watch styles, are purchased from three suppliers, one of which is a wholly-owned subsidiary of a competitor of the Company, and only one of which supplies mechanical movements. The elimination or disruption of any of these manufacturers could disrupt the Company's Swiss watch operations. This is particularly true for mechanical movements given the single source of supply, although mechanical movements are only used in a relatively small number of the Company's watch styles.

Selling, General and Administrative (“SG&A”) Expenses

The Company’s SG&A expenses consist primarily of marketing, selling, distribution, general and administrative expenses.

Marketing expenditures are based principally on overall strategic considerations relative to maintaining or increasing market share in markets that management considers to be crucial to the Company’s continued success as well as on general economic conditions in the various markets around the world in which the Company sells its products. Marketing expenses include salaries, various forms of media advertising, digital advertising (including social media), customer acquisition costs and cooperative advertising and retail media network programs with certain wholesale customers and distributors and other point of sale marketing and promotional spending.

Selling expenses consist primarily of salaries, sales commissions, salesforce travel and related expenses, credit card fees, depreciation and amortization and operating costs incurred in connection with the Company’s retail business. Sales commissions vary with overall sales levels. Retail selling expenses consist primarily of payroll and related expenses and store occupancy costs.

Distribution expenses consist of costs of running distribution centers and customer service, and include primarily salaries, rental and other occupancy costs, security, depreciation and amortization of furniture and leasehold improvements and shipping supplies.

General and administrative expenses consist primarily of salaries and other employee compensation including performance-based compensation, employee benefit plan costs, office rent, management information systems costs, professional fees, bad debts, depreciation and amortization of furniture, computer software, leasehold improvements, amortization of finite-lived intangible assets, patent and trademark expenses and various other general corporate expenses.

Warranty Costs

All watches sold by the Company come with limited warranties covering the movement against defects in material and workmanship for periods generally ranging from two to three years from the date of purchase. When changes in warranty costs are experienced, the Company will adjust the warranty liability as required. The Company records an estimate for future warranty costs based on historical repair costs. Warranty costs have historically been within the Company’s expectations and the provisions established. If such costs were to substantially exceed estimates, they could have an adverse effect on the Company's operating results.

The warranty liability, included in accrued liabilities in the Consolidated Balance Sheets, and activity for the fiscal years ended January 31, 2026, 2025 and 2024 was as follows (in thousands):

 

2026

 

2025

 

2024

 

Balance, beginning of year

 

$

1,859

 

$

1,910

 

$

1,882

 

Provision charged to operations

 

1,298

 

 

1,440

 

 

1,864

 

Settlements made

 

(1,246

)

 

(1,491

)

 

(1,836

)

Balance, end of year

$

1,911

 

$

1,859

 

$

1,910

 

 

Pre-opening Costs

Marketing and administrative costs associated with the opening of retail stores are expensed in the period incurred.

Marketing

The Company expenses advertising production costs at the commencement date of the advertising campaign. Marketing expenses are included within selling, general and administrative expenses and consist primarily of media advertising, digital advertising, retail media network programs, cooperative advertising arrangements, customer acquisition costs, production costs, point-of-sale materials and displays, and related internal payroll costs.

The Company participates in cooperative advertising and retail media programs with certain customers, including programs operated through customers’ digital and in-store platforms. In exchange for the consideration paid, the Company receives advertising and marketing services that it has concluded are distinct and separately identifiable from the sale of its products. The Company evaluates these arrangements in accordance with ASC 606, Revenue from Contracts with Customers, including the guidance on consideration payable to a customer.

 

The Company has determined that the fair value of the advertising and marketing services received is reasonably estimable. Because the consideration paid does not exceed the fair value of the services received, such amounts are recorded as marketing expense within selling, general and administrative expenses rather than as a reduction of revenue.

Marketing expense for fiscal 2026, 2025 and 2024 was $130.8 million, $146.5 million and $129.1 million, respectively.

Included in other non-current assets in the Consolidated Balance Sheets are the costs of certain prepaid advertising, including principally product displays and point of sale materials. Prepaid advertising accounted for $4.8 million and $6.5 million in other non-current assets at January 31, 2026 and 2025, respectively.

Shipping and Handling Costs

Amounts charged to customers for shipping and handling were $1.7 million, $1.6 million and $1.8 million for fiscal 2026, 2025 and 2024, respectively. The costs related to shipping and handling were $11.5 million, $12.3 million and $12.0 million for fiscal 2026, 2025 and 2024, respectively. The amounts charged and incurred by the Company related to shipping and handling are included in net sales and cost of sales in the Consolidated Statements of Operations, respectively.

 

Income Taxes

The Company, under ASC Topic 740, follows the asset and liability method of accounting for income taxes under which deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax laws and tax rates in each jurisdiction where the Company operates and applied to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities due to a change in tax rates is recognized in income in the period that includes the enactment date. In addition, the amounts of any future tax benefits are reduced by a valuation allowance to the extent such benefits are not expected to be realized on a more-likely-than-not basis. The Company calculates estimated income taxes in each of the jurisdictions in which it operates. This process involves estimating actual current tax expense along with assessing temporary differences resulting from differing treatment of items for both book and tax purposes.

The Company follows guidance for accounting for uncertainty in income taxes. This guidance clarifies the accounting for uncertainty in income taxes recognized in a company’s financial statements and prescribes a recognition threshold and measurement standard for

an income tax position taken or expected to be taken in a tax return. This guidance also provides instructions for de-recognition, classification, interest and penalties, accounting in interim periods, disclosures and transitions. Interest and penalties, if any, related to unrecognized tax benefits are recorded as income tax expense in the Consolidated Statement of Operations and as deferred tax liabilities in the Consolidated Balance Sheet.

Earnings Per Share

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):

 

 

 

Fiscal Years Ended January 31,

 

 

 

2026

 

 

2025

 

 

2024

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

Basic

 

 

22,243

 

 

 

22,268

 

 

 

22,221

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Stock awards and options to purchase shares of common stock

 

 

371

 

 

 

335

 

 

 

420

 

Diluted

 

 

22,614

 

 

 

22,603

 

 

 

22,641

 

 

For the fiscal years ended January 31, 2026, 2025 and 2024, approximately 463,000, 681,000 and 682,000 respectively, of potentially dilutive common stock equivalents were excluded from the computation of diluted earnings per share because their effect would have been antidilutive.

Stock-Based Compensation

The Company utilizes the Black-Scholes option-pricing model which requires that certain assumptions be made to calculate the fair value of each option at the grant date. The expected life of stock option grants is determined using historical data and represents the time period during which the stock option is expected to be outstanding until it is exercised. The risk-free interest rate is based on the U.S. treasury note interest rate in effect on the date of grant for the expected life of the stock option. The expected stock price volatility is derived from historical volatility and calculated based on the estimated term structure of the stock option grant. The expected dividend yield is calculated using the Company’s expected average of annualized dividend yields and applied over the expected term of the option. Management monitors stock option exercises and employee termination patterns to estimate forfeitures rates within the valuation model. Separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes.

In addition to stock options, the Company may also grant stock awards to employees and directors. The stock awards are generally in the form of time-vesting restricted stock unit awards (pursuant to which unrestricted shares of Common Stock are issued to the grantee when the award vests) or performance-based awards (under which vesting occurs only if one or more predetermined financial goals are achieved within the relevant performance period); both are subject to the participant’s continued employment (or board service) with the Company through such vesting date. Stock awards generally are cliff-vested after three years from the date of grant (one year in the case of directors’ awards). The fair value of stock awards is generally equal to the closing price of the Company’s publicly-traded common stock on the grant date.

Compensation expense for all awards is accrued based on the estimated number of instruments for which the requisite service is expected to be rendered. This estimate is reflected in the period the stock option and stock awards are either granted or canceled. Expense related to stock options and stock awards compensation is recognized on a straight-line basis over the vesting term and, as applicable, only if the performance condition is probable of being achieved.

 

Comprehensive Income (Loss)

Comprehensive income (loss) consists of net income (loss) attributable to the Movado Group, Inc. and other gains and losses that are not included in net income (loss), but are recorded directly in the Consolidated Statements of Changes in Equity, such as the unrealized gains and losses on the translation of the assets and liabilities of the Company’s foreign operations and net unrealized gains and losses, net of tax, on derivatives designated as cash flow hedges, the Company's defined benefit plan and available for sale securities.

v3.26.1
Recent Accounting Pronouncements
 12 Months Ended
Jan. 31, 2026
Accounting Changes and Error Corrections [Abstract]  
Recent Accounting Pronouncements

NOTE 2 – RECENT ACCOUNTING PRONOUNCEMENTS

In November 2024, the FASB issued ASU 2024-03 "Disaggregation of Income Statement Expenses" which requires disclosure about the types of costs and expenses included in certain expense captions presented on the income statement. The new disclosure requirements are effective for the Company's annual periods beginning after December 15, 2026, and interim periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the timing and impact of adoption in its Consolidated Financial Statements and related disclosures.

 

In July 2025, the FASB issued ASU 2025-05 “Measurement of Credit Losses for Accounts Receivable and Contract Assets (Topic 326)”, which allows entities to elect a practical expedient to assume that current conditions as of the balance sheet date do not change for the remaining life of the asset in the development of a reasonable and supportable forecast as part of estimating expected credit losses. Entities electing the practical expedient are still required to adjust historical loss information to reflect current conditions to the extent that historical information does not reflect current conditions. An entity that elects to use the practical expedient is required to disclose that fact. This ASU is effective for annual periods beginning after December 15, 2025, with early adoption permitted. Entities should apply the practical expedient, if elected, prospectively to financial statements issued for reporting periods after the effective date. The Company is currently evaluating this ASU to determine the impact of adoption on its Consolidated Financial Statements and related disclosures.

 

In September 2025, the FASB issued ASU 2025-06 “Intangibles-Goodwill and Other-Internal-Use Software (Subtopic 350-40)”, which amends the guidance for capitalizing internal-use software developments costs. The ASU is effective for annual periods beginning after December 15, 2027, with early adoption permitted. The Company is currently evaluating the impact of adoption on its Consolidated Financial Statements and related disclosures.

 

In November 2025, the FASB issued ASU 2025-09, “Derivatives and Hedging (Topic 815)” which provides targeted improvements to hedge accounting guidance. The ASU is effective for fiscal years beginning after December 15, 2026, including interim periods within those fiscal years. The Company is currently evaluating the impact of adoption on its Consolidated Financial Statements and related disclosures.

 

In December 2025, the FASB issued ASU 2025-11 “Interim Reporting (Topic 270): Narrow-Scope Improvements”, which clarifies the application of interim reporting disclosure requirements and introduces a principle requiring disclosure of material events and changes since the most recent annual reporting period. The ASU is effective for interim periods within fiscal years beginning after December 15, 2027. The Company is currently evaluating the impact of adoption on its Consolidated Financial Statements and related disclosures.

 

The Company has reviewed other recently issued accounting standards and determined that they are either not applicable or are not expected to have a material impact on its Consolidated Financial Statements.
v3.26.1
Cost-Savings Initiative
 12 Months Ended
Jan. 31, 2026
Restructuring and Related Activities [Abstract]  
Cost Savings Initiative

NOTE 3 - COST SAVINGS INITIATIVE

During 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 fiscal year 2026, the Company recorded $1.5 million in accruals for severance and employee-related charges which are included in Selling, general and administrative in the Consolidated Statements of Operations. During fiscal year 2025, the Company recorded $4.6 million in accruals for severance and employee-related charges and early lease termination charges which were included in Selling, general and administrative in the Consolidated Statements of Operations. The amounts recorded in fiscal year 2026 and fiscal year 2025 are included in both the United States and International locations in the Watch and Accessory segment.

Of the total amount recorded, $1.3 million related to severance and employee-related charges was paid during fiscal year 2025, and $3.5 million related to severance and employee-related charges and $0.5 million of early lease termination related fees and costs were paid/utilized during fiscal year 2026. The remaining amount of $0.8 million is included in Accrued payroll and benefits in the Consolidated Balance Sheet at January 31, 2026. The Company expects the remaining severance and employee-related expenses to be paid during fiscal year 2027.
v3.26.1
Intangible Assets
 12 Months Ended
Jan. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

NOTE 4 – INTANGIBLE ASSETS

 

The changes in the carrying amount of other intangible assets during the fiscal years ended January 31, 2026, 2025 and 2024 are as follows (in thousands):

 

 

 

Trade names

 

 

Customer
relationships

 

 

Other (1)

 

 

Total

 

Weighted Average Amortization Period (in years)

 

10

 

 

10

 

 

10

 

 

 

 

Balance at January 31, 2023

 

$

6,903

 

 

$

1,728

 

 

$

1,011

 

 

$

9,642

 

Additions

 

 

—

 

 

 

—

 

 

 

144

 

 

 

144

 

Amortization

 

 

(1,504

)

 

 

(729

)

 

 

(248

)

 

 

(2,481

)

Foreign exchange impact

 

 

140

 

 

 

(4

)

 

 

52

 

 

 

188

 

Balance at January 31, 2024

 

 

5,539

 

 

 

995

 

 

 

959

 

 

 

7,493

 

Additions

 

 

—

 

 

 

—

 

 

 

109

 

 

 

109

 

Amortization

 

 

(1,535

)

 

 

(158

)

 

 

(238

)

 

 

(1,931

)

Foreign exchange impact

 

 

(63

)

 

 

(26

)

 

 

(45

)

 

 

(134

)

Balance at January 31, 2025

 

 

3,941

 

 

 

811

 

 

 

785

 

 

 

5,537

 

Additions

 

 

—

 

 

 

—

 

 

 

138

 

 

 

138

 

Amortization

 

 

(1,587

)

 

 

(168

)

 

 

(236

)

 

 

(1,991

)

Foreign exchange impact

 

 

267

 

 

 

77

 

 

 

134

 

 

 

478

 

Balance at January 31, 2026

 

$

2,621

 

 

$

720

 

 

$

821

 

 

$

4,162

 

 

(1)
Other includes fees paid related to trademarks.

 

The estimated future amortization expense during each of the next five fiscal years is as follows:

 

For the fiscal year ending January 31,

 

(in thousands)

 

2027

 

$

2,021

 

2028

 

 

1,232

 

2029

 

 

494

 

2030

 

 

109

 

2031

 

 

108

 

Thereafter

 

 

198

 

Total estimated future amortization expense

 

$

4,162

 
v3.26.1
Inventories
 12 Months Ended
Jan. 31, 2026
Inventory Disclosure [Abstract]  
Inventories

NOTE 5 – INVENTORIES

Inventories consisted of the following (in thousands):

 

 

 

As of January 31,

 

 

 

2026

 

 

2025

 

Finished goods

 

$

128,192

 

 

$

129,204

 

Component parts

 

 

27,127

 

 

 

23,905

 

Work-in-process

 

 

3,012

 

 

 

3,629

 

 

 

$

158,331

 

 

$

156,738

 

 

 
v3.26.1
Property, Plant and Equipment
 12 Months Ended
Jan. 31, 2026
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment

NOTE 6 – PROPERTY, PLANT AND EQUIPMENT

A summary of the components of property, plant and equipment and their estimated useful lives is as follows (in thousands):

 

 

 

As of January 31,

 

 

 

 

 

2026

 

 

2025

 

 

Estimated Useful Lives

Land and buildings

 

$

1,559

 

 

$

1,323

 

 

40 years for buildings

Furniture and equipment

 

 

47,805

 

 

 

46,039

 

 

3 to 7 years

Computer software

 

 

35,899

 

 

 

34,972

 

 

5 to 10 years

Leasehold improvements

 

 

36,834

 

 

 

35,982

 

 

Lesser of lease term or useful life

Design fees and tooling costs

 

 

1,854

 

 

 

1,782

 

 

3 years

 

 

 

123,951

 

 

 

120,098

 

 

 

Less: Accumulated depreciation and
   amortization

 

 

(106,846

)

 

 

(100,178

)

 

 

Property, plant and equipment, net

 

$

17,105

 

 

$

19,920

 

 

 

 

Depreciation and amortization expense from operations related to property, plant and equipment for fiscal 2026, 2025 and 2024 was $7.2 million, $7.2 million and $7.0 million, respectively, which includes computer software amortization expense for fiscal 2026, 2025 and 2024 of $1.6 million, $2.0 million and $2.0 million, respectively.

v3.26.1
Debt and Lines of Credit
 12 Months Ended
Jan. 31, 2026
Debt Disclosure [Abstract]  
Debt and Lines of Credit

NOTE 7 – 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 January 31, 2026, and January 31, 2025, 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 January 31, 2026, and January 31, 2025. At January 31, 2026, the letters of credit have expiration dates through June 1, 2026. As of both January 31, 2026, and January 31, 2025, availability under the Facility was $99.7 million.

The Company had weighted average borrowings under the Facility of zero during both fiscal 2026 and fiscal 2025, respectively.

Borrowings under the Credit Agreement bear interest at rates generally based on either the Term Secured Overnight Financing Rate ("SOFR") as administered by the Federal Reserve Bank of New York or a specified base rate, as selected periodically by the Company. The SOFR-based loans bear interest at SOFR plus a spread ranging from 1.00% to 1.75% per annum and the base rate loans bear interest at the base rate plus a spread ranging from 0% to 0.75% per annum, with the spread in each case being based on the Company’s consolidated leverage ratio (as defined in the Credit Agreement). As of both January 31, 2026, and 2025, the Company’s spreads were 1.00% over SOFR and 0% over the base rate.

The Company's Swiss subsidiary maintains unsecured lines of credit with a Swiss bank that are subject to repayment upon demand. As of January 31, 2026, and 2025, these lines of credit totaled 6.5 million Swiss Francs for both periods, with a dollar equivalent of $8.4 million and $7.1 million, respectively. As of January 31, 2026, and 2025, there were no borrowings against these lines. As of January 31, 2026, and 2025, two European banks had guaranteed obligations to third parties on behalf of two of the Company’s foreign subsidiaries in the dollar equivalent of $1.6 million and $1.3 million, respectively, in various foreign currencies, of which $0.8 million and $0.7 million, respectively, was a restricted deposit as it relates to lease agreements.

Cash paid for interest, including unused commitment fees, was $0.3 million during fiscal 2026, 2025 and 2024, and amortization of debt fees was $0.2 million during fiscal 2026, 2025 and 2024.
v3.26.1
Derivative Financial Instruments
 12 Months Ended
Jan. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments

NOTE 8 – 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 January 31, 2026 and 2025, the Company did not have any net forward contracts in its hedging portfolio that qualified as cash flow hedging instruments. 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 January 31, 2026, the Company’s net forward contracts hedging portfolio not designated as qualified hedges consisted of 18.0 million Swiss Francs equivalent, 31.7 million U.S. dollars equivalent, 25.7 million Euros equivalent and 2.6 million British Pounds equivalent with various expiry dates ranging through May 15, 2026. 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 January 31, 2026 and 2025 (in thousands):

 

 

 

Asset Derivatives

 

 

Liability Derivatives

 

 

 

Balance
Sheet
Location

 

January 31, 2026
Fair
Value

 

 

January 31, 2025
Fair
Value

 

 

Balance
Sheet
Location

 

January 31, 2026
Fair
Value

 

 

January 31, 2025
Fair
Value

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign Exchange Contracts

 

Other Current
Assets

 

$

—

 

 

$

—

 

 

Accrued
Liabilities

 

$

—

 

 

$

—

 

Total Derivative Instruments

 

 

 

$

—

 

 

$

—

 

 

 

 

$

—

 

 

$

—

 

 

 

 

Asset Derivatives

 

 

Liability Derivatives

 

 

 

Balance
Sheet
Location

 

January 31, 2026
Fair
Value

 

 

January 31, 2025
Fair
Value

 

 

Balance
Sheet
Location

 

January 31, 2026
Fair
Value

 

 

January 31, 2025
Fair
Value

 

Derivatives not designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign Exchange Contracts

 

Other Current
Assets

 

$

484

 

 

$

13

 

 

Accrued
Liabilities

 

$

10

 

 

$

1,111

 

Total Derivative Instruments

 

 

 

$

484

 

 

$

13

 

 

 

 

$

10

 

 

$

1,111

 

 

As of January 31, 2026 and 2025, the balance of net deferred gains on derivative financial instruments designated as cash flow hedges included in accumulated other comprehensive income/(loss) was zero for both periods. For the fiscal years ended January 31, 2026 and 2025, the Company reclassified ($1.7) million and $46,000, respectively, from accumulated other comprehensive (loss)/income to Net sales in the Consolidated Statements of Operations. No amounts associated with ineffectiveness were recorded in fiscal year 2026.

 

See Note 9 - Fair Value Measurements for further information about how fair value of derivative assets and liabilities are determined.
v3.26.1
Fair Value Measurements
 12 Months Ended
Jan. 31, 2026
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Abstract]  
Fair Value Measurements

NOTE 9 - 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 January 31, 2026 and 2025 (in thousands):

 

 

 

 

 

Fair Value at January 31, 2026

 

 

 

Balance Sheet Location

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale securities

 

Other current assets

 

$

281

 

 

$

—

 

 

$

—

 

 

$

281

 

Short-term investment

 

Other current assets

 

 

153

 

 

 

—

 

 

 

—

 

 

 

153

 

SERP assets - employer

 

Other non-current assets

 

 

607

 

 

 

—

 

 

 

—

 

 

 

607

 

SERP assets - employee

 

Other non-current assets

 

 

55,739

 

 

 

—

 

 

 

—

 

 

 

55,739

 

Defined benefit plan assets (1)

 

Other non-current liabilities

 

 

—

 

 

 

—

 

 

 

40,045

 

 

 

40,045

 

Hedge derivatives

 

Other current assets

 

 

—

 

 

 

484

 

 

 

—

 

 

 

484

 

Total

 

 

 

$

56,780

 

 

$

484

 

 

$

40,045

 

 

$

97,309

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SERP liabilities - employee

 

Other non-current liabilities

 

$

55,739

 

 

$

—

 

 

$

—

 

 

$

55,739

 

Hedge derivatives

 

Accrued liabilities

 

 

—

 

 

 

10

 

 

 

—

 

 

 

10

 

Total

 

 

 

$

55,739

 

 

$

10

 

 

$

—

 

 

$

55,749

 

 

 

 

 

 

Fair Value at January 31, 2025

 

 

 

Balance Sheet Location

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale securities

 

Other current assets

 

$

306

 

 

$

—

 

 

$

—

 

 

$

306

 

Short-term investment

 

Other current assets

 

 

143

 

 

 

—

 

 

 

—

 

 

 

143

 

SERP assets - employer

 

Other non-current assets

 

 

605

 

 

 

—

 

 

 

—

 

 

 

605

 

SERP assets - employee

 

Other non-current assets

 

 

53,442

 

 

 

—

 

 

 

—

 

 

 

53,442

 

Defined benefit plan assets (1)

 

Other non-current liabilities

 

 

—

 

 

 

—

 

 

 

34,313

 

 

 

34,313

 

Hedge derivatives

 

Other current assets

 

 

—

 

 

 

13

 

 

 

—

 

 

 

13

 

Total

 

 

 

$

54,496

 

 

$

13

 

 

$

34,313

 

 

$

88,822

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SERP liabilities - employee

 

Other non-current liabilities

 

$

53,442

 

 

$

—

 

 

$

—

 

 

$

53,442

 

Hedge derivatives

 

Accrued liabilities

 

 

—

 

 

 

1,111

 

 

 

—

 

 

$

1,111

 

Total

 

 

 

$

53,442

 

 

$

1,111

 

 

$

—

 

 

$

54,553

 

 

(1)
See Note 17 for a discussion of the fair value of the assets held in the Company’s defined benefit plan in Switzerland and rollforward of beginning and ending balances.

 

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 8 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 eligible employees and provides benefits based on years of service and compensation on a career-average pay basis. The assets within the plan are classified as Level 3 within the fair value hierarchy and consist primarily of investments in pooled funds, including separate employee accounts invested in equity securities, debt securities and real estate. The fair values of these investments are based on valuations provided by the fund administrators, which are not readily observable and cannot be corroborated by observable market data; accordingly, these investments are classified within Level 3 of the fair value hierarchy. The net funded status of the plan, which reflects the fair value of plan assets less the projected benefit obligation, is included in Other non-current liabilities in the Consolidated Balance Sheets at January 31, 2026 and January 31, 2025, respectively.

 

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 2025, the Company invested approximately $14.1 million and during fiscal 2026 the Company invested an additional $3.4 million in venture capital funds (see Note 10 - Commitments and Contingencies for discussion of commitments made related to venture capital funds). During fiscal year 2026, the Company recorded a non-cash impairment charge of $0.4 million (recorded in Other income, net in the Consolidated Statements of Operations) related to one of its investments in a venture capital fund in which the Company has a limited partnership interest. The write-down was a result of a decline in fair value primarily attributable to a deterioration in the financial condition and operating performance of certain of the underlying portfolio companies within the fund that was determined to be other than temporary. In addition, one consumer products company in which the Company made an equity investment in fiscal year 2022 sold its business and assets in fiscal year 2024 in a transaction that yielded little return for equity holders. As a result, the Company fully impaired its $0.5 million investment in this entity in fiscal 2024 which is recorded in Other income, net in the Consolidated Statements of Operations. The Company will continue to regularly evaluate the carrying value of its investments. The carrying value of the investments is recorded in Other non-current assets in the Consolidated Balance Sheets at January 31, 2026 and January 31, 2025.
v3.26.1
Commitments and Contingencies
 12 Months Ended
Jan. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

NOTE 10 – COMMITMENTS AND CONTINGENCIES

Licensing Agreements:

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. As of January 31, 2026, the total amount of the Company’s minimum commitments related to its license agreements and endorsement agreements, which includes service agreements, was $269.6 million, payable in the next six years.

Purchase Obligations:

The Company had outstanding purchase obligations of $92.6 million with suppliers at the end of fiscal 2026 primarily for raw materials, finished watches, jewelry and packaging in the normal course of business. These purchase obligation amounts do not represent total anticipated purchases but represent only amounts to be paid for items required to be purchased under agreements that are enforceable, legally binding and specify minimum quantity, price and term.

Tax:

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. See Note 12 – Income Taxes for more information.

Investments:

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. During fiscal 2022, the Company committed to invest up to $21.5 million in such investments. Through fiscal 2026, the Company invested approximately $17.5 million and may be called upon to satisfy capital calls in respect of the remaining $4.0 million in such commitments at any time during a period generally ending ten years after the first capital call in respect of a given commitment.

Litigation:

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.

 

On April 28, 2025, the Company received a voluntary request from the Division of Enforcement of the Securities and Exchange Commission (the “SEC”) for documents and information relating to the restatement previously reported in fiscal year 2025. The Company is cooperating with the SEC in responding to those requests.

 

In December 2016, U.S. Customs and Border Protection (“CBP”) issued an audit report regarding the Company's methodology for allocating the cost of certain watch styles imported into the United States among their component parts for tariff purposes. The report challenged the reasonableness of the Company’s historical allocation formulas and proposed an alternative methodology that would have implied approximately $5.1 million of underpaid duties for entries during the audit period (August 1, 2011 through July 15, 2016), plus potential penalties and interest. The statute of limitations has lapsed for all entries within the audit period. While the Company believes its cost allocation methodology is reasonable, its application involves significant judgment, including estimates and assumptions related to (i) allocations for imported watches purchased by the Company's foreign subsidiaries as complete watches, for which component cost detail is not fully available, and (ii) the allocation among component parts of intercompany overhead and profit and of assembly costs. If CBP were to disagree with the Company's judgments in these areas, the Company could be exposed to assessments for underpayment of tariffs.

In addition to the above matters, as of January 31, 2026, 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.
v3.26.1
Leases
 12 Months Ended
Jan. 31, 2026
Leases [Abstract]  
Leases

NOTE 11 – LEASES

 

The Company leases certain real estate properties, vehicles and equipment in various countries around the world. Leased properties are typically used for retail space, office, warehouse and distribution.

 

The Company evaluates contractual arrangements at inception to determine if individual agreements are a lease or contain an identifiable lease component. When evaluating contracts to determine appropriate classification and recognition, significant judgment may be necessary to determine, among other criteria, if an embedded leasing arrangement exists, the length of the term, classification as either an operating or financing lease and whether renewal or termination options are reasonably certain to be exercised. Lease assets represent the right to use an underlying asset for the lease term, and lease liabilities represent the obligation to make lease payments arising from the lease. These assets and liabilities are recognized on the lease commencement date based on the present value of lease payments over the lease term calculated using the Company’s incremental borrowing rate, adjusted for the lease term and lease country, unless the implicit rate is readily determinable. Lease assets also include any up front lease payments made and are reduced by lease incentives. The Company’s leases are classified as operating leases with remaining terms of 1 to 9 years, some of which include an option to extend or renew. If the exercise of an option to extend or renew is determined to be reasonably certain, the associated right-of-use asset and liability reflects the extended period of payments.

 

Lease expense for operating leases consist of both fixed and variable components. Expenses related to fixed lease payments are recognized on a straight-line basis over the lease term. Variable lease payments are generally expensed as incurred and include certain index-based changes in rent, certain non-lease components such as maintenance and other services provided by the lessor and other

charges included in the lease. The variable portion of lease payments is not included in the Company’s lease liabilities. Short-term leases are leases having a term of 12 months or less at inception. The Company does not record a related lease asset or liability for short-term leases. The depreciable life of lease assets and leasehold improvements is limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise.

 

The Company did not have any material finance leases during fiscal 2026, 2025 or 2024.

 

The components of lease expense were as follows (in thousands):

 

Lease Expense

 

Consolidated Statements of
Operation Location

 

For the Year Ended January 31, 2026

 

 

For the Year Ended January 31, 2025

 

 

For the Year Ended January 31, 2024

 

Operating lease expense

SG&A

 

$

22,041

 

 

$

21,919

 

 

$

20,404

 

Short-term lease cost

 

SG&A

 

 

561

 

 

 

698

 

 

 

746

 

Variable lease cost

 

SG&A

 

 

9,914

 

 

 

9,319

 

 

 

10,536

 

Total operating lease expense

 

 

 

$

32,516

 

 

$

31,936

 

 

$

31,686

 

 

The following table discloses supplemental balance sheet information for the Company’s leases (in thousands):

 

Leases

 

Consolidated Balance Sheets Location

 

January 31, 2026

 

 

January 31, 2025

 

Assets

 

 

 

 

 

 

 

 

Operating

 

Operating lease right-of-use assets

 

$

67,873

 

 

$

86,009

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

Operating

 

Current operating lease liabilities

 

$

20,603

 

 

$

19,263

 

Noncurrent:

 

 

 

 

 

 

 

 

Operating

 

Non-current operating lease liabilities

 

$

58,063

 

 

$

75,508

 

 

The following table discloses the weighted average remaining lease term and weighted average discount rate for the Company's leases:

 

Lease Term and Discount Rate

 

January 31, 2026

 

 

January 31, 2025

 

 

January 31, 2024

 

Weighted-average remaining lease term - in years

 

 

 

 

 

 

 

 

 

Operating leases

 

 

5.4

 

 

 

5.8

 

 

 

6.7

 

Weighted-average discount rate:

 

 

 

 

 

 

 

 

 

Operating leases

 

 

4.14

%

 

 

4.13

%

 

 

3.86

%

Future minimum lease payments by year as of January 31, 2026 is as follows (in thousands):

 

Fiscal Year

 

Operating Leases

 

2027

 

$

23,342

 

2028

 

 

16,875

 

2029

 

 

12,845

 

2030

 

 

10,685

 

2031

 

 

7,299

 

Thereafter

 

 

17,132

 

Total lease payments

 

$

88,178

 

Less: Interest

 

 

(9,512

)

Total lease obligations

 

$

78,666

 

 

Supplemental cash flow information related to leases was as follows (in thousands):

 

 

Year Ended January 31, 2026

 

 

Year Ended January 31, 2025

 

 

Year Ended January 31, 2024

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

22,262

 

 

$

21,679

 

 

$

20,103

 

Leased assets obtained in exchange for new operating lease liabilities

 

 

368

 

 

 

21,463

 

 

 

17,341

 

 

As of January 31, 2026, the Company did not have any material operating or finance leases that have been signed but not commenced.
v3.26.1
Income Taxes
 12 Months Ended
Jan. 31, 2026
Income Tax Disclosure [Abstract]  
Income Taxes

NOTE 12 - INCOME TAXES

Income/(loss) before provision/(benefit) for income taxes for the fiscal year ended January 31, 2026, 2025 and 2024 on a legal entity basis consists of the following (in thousands):

 

 

 

2026

 

 

2025

 

 

2024

 

U.S. (loss)/ income before taxes

 

$

5,617

 

 

$

(4,974

)

 

$

(3,126

)

Non-U.S. income before taxes

 

 

28,738

 

 

 

31,625

 

 

 

57,093

 

Income before income taxes

 

$

34,355

 

 

$

26,651

 

 

$

53,967

 

The provision/(benefit) for income taxes for the fiscal years ended January 31, 2026, 2025 and 2024 consists of the following components (in thousands):

 

 

 

2026

 

 

2025

 

 

2024

 

Current:

 

 

 

 

 

 

 

 

 

U.S. Federal

 

$

2,010

 

 

$

997

 

 

$

165

 

U.S. State and Local

 

 

681

 

 

 

165

 

 

 

201

 

Non-U.S.

 

 

7,623

 

 

 

5,453

 

 

 

11,107

 

 

 

 

10,314

 

 

 

6,615

 

 

 

11,473

 

Deferred:

 

 

 

 

 

 

 

 

 

U.S. Federal

 

 

(733

)

 

 

285

 

 

 

(58

)

U.S. State and Local

 

 

(245

)

 

 

171

 

 

 

1,024

 

Non-U.S.

 

 

(1,849

)

 

 

371

 

 

 

(647

)

 

 

 

(2,827

)

 

 

827

 

 

 

319

 

Provision for income taxes

 

$

7,487

 

 

$

7,442

 

 

$

11,792

 

 

Significant components of the Company’s deferred income tax assets and liabilities for the fiscal years ended January 31, 2026 and 2025 are as follows (in thousands):

 

 

 

2026 Deferred Taxes

 

 

2025 Deferred Taxes

 

 

 

Assets

 

 

Liabilities

 

 

Assets

 

 

Liabilities

 

Net operating loss carryforwards

 

$

4,519

 

 

$

—

 

 

$

5,351

 

 

$

—

 

Inventory

 

 

1,919

 

 

 

—

 

 

 

1,280

 

 

 

—

 

Unprocessed returns

 

 

1,970

 

 

 

—

 

 

 

1,292

 

 

 

—

 

Receivables allowances

 

 

943

 

 

 

—

 

 

 

656

 

 

 

—

 

Deferred compensation

 

 

20,989

 

 

 

—

 

 

 

17,418

 

 

 

—

 

Depreciation/amortization

 

 

13,356

 

 

 

—

 

 

 

14,039

 

 

 

—

 

Other provisions/accruals

 

 

1,612

 

 

 

—

 

 

 

1,252

 

 

 

—

 

Deferred occupancy costs

 

 

17,276

 

 

 

14,918

 

 

 

19,968

 

 

 

17,678

 

Miscellaneous

 

 

1,852

 

 

 

—

 

 

 

1,204

 

 

 

—

 

 

 

 

64,436

 

 

 

14,918

 

 

 

62,460

 

 

 

17,678

 

Valuation allowance

 

 

(3,744

)

 

 

—

 

 

 

(3,679

)

 

 

—

 

Total deferred tax assets and liabilities

 

$

60,692

 

 

$

14,918

 

 

$

58,781

 

 

$

17,678

 

 

As of January 31, 2026, the Company had U.S. state and foreign net operating loss carryforwards of $0.7 million and $3.9 million, respectively, with expiration dates ranging from 1-10 years and, with respect to some foreign jurisdictions, an indefinite carryforward period. Of the foreign net operating losses, $1.7 million is related to the United Kingdom, $1.2 million is related to China and the remaining is related to other foreign countries.

A valuation allowance is required to be established unless management determines it is more likely than not that the Company will ultimately utilize the tax benefit associated with a deferred tax asset. The Company has foreign valuation allowances of $3.7 million, which are primarily related to net operating loss carryforwards.

Management will continue to evaluate the appropriate level of valuation allowance on all deferred tax assets considering such factors as prior earnings history, expected future earnings, carryback and carryforward periods and tax and business strategies that could potentially enhance the likelihood of realization of the deferred tax assets.

The Company elected to account for the tax on Global Intangible Low-Taxed Income ("GILTI") as a period cost and therefore has not recorded deferred taxes related to GILTI. The One Big Beautiful Bill Act (“OBBBA”) renamed the provision for taxes on foreign earnings from GILTI to net controlled foreign corporation tested income (“NCTI”).

Beginning with fiscal 2026, the Company adopted ASU 2023-09 "Improvement to Income Tax Disclosures" on a prospective basis. The provision/(benefit) for income taxes for the fiscal year ended January 31, 2026, differs from the U.S. federal statutory rate after the adoption of ASU 2023-09 due to the following (dollars in thousands):

 

 

 

Fiscal Year Ended January 31, 2026

 

 

 

Dollars

 

 

Percent

 

U.S. Federal Statutory Tax Rate

 

$

7,215

 

 

 

21.0

%

State and Local Income Tax, Net of Federal Benefit (a)

 

 

344

 

 

 

1.0

 

Foreign Tax Effects

 

 

 

 

 

 

     Germany

 

 

450

 

 

 

1.3

 

     Hong Kong

 

 

 

 

 

 

         Statutory Rate Difference Between Hong Kong and United States

 

 

(665

)

 

 

(1.9

)

         Other

 

 

(118

)

 

 

(0.3

)

     Switzerland

 

 

(576

)

 

 

(1.7

)

     United Kingdom

 

 

 

 

 

 

         Changes in Valuation Allowances

 

 

392

 

 

 

1.1

 

         Other

 

 

(128

)

 

 

(0.3

)

     Other Foreign Jurisdictions

 

 

355

 

 

 

1.0

 

Effect of Cross-Border Tax Laws

 

 

 

 

 

 

         Foreign-Derived Intangible Income

 

 

(644

)

 

 

(1.9

)

         Other

 

 

16

 

 

 

0.0

 

Tax Credits

 

 

(48

)

 

 

(0.1

)

Nontaxable or Nondeductible Items

 

 

 

 

 

 

     Officer's Compensation

 

 

635

 

 

 

1.8

 

     Other

 

 

286

 

 

 

0.8

 

Changes in Unrecognized Tax Benefits

 

 

90

 

 

 

0.3

 

Other Adjustments

 

 

(117

)

 

 

(0.3

)

Effective Tax Rate

 

$

7,487

 

 

 

21.8

%

 

(a) State taxes in New Jersey made up the majority of the tax effect in this category.

The provision/(benefit) for income taxes for the fiscal years ended January 31, 2025 and 2024 differs from the U.S. federal statutory rate before the adoption of ASU 2023-09 due to the following (in thousands):

 

 

 

Fiscal Year Ended January 31,

 

 

 

2025

 

 

2024

 

Provision for income taxes at the U.S. statutory rate

 

$

5,591

 

 

$

11,333

 

Lower effective non-U.S. income tax rate

 

 

(1,755

)

 

 

(1,984

)

State and local taxes, net of federal benefit

 

 

265

 

 

 

974

 

Valuation allowance

 

 

955

 

 

 

277

 

Compensation and benefits

 

 

668

 

 

 

(48

)

Cross-border tax effects

 

 

1,762

 

 

 

1,032

 

Other, net

 

 

(44

)

 

 

208

 

Total provision for income taxes

 

$

7,442

 

 

$

11,792

 

 

The effective tax rate for fiscal 2026 was 21.8% and differed from the U.S. statutory tax rate of 21.0% primarily due to nondeductible items, partially offset by the deduction of Foreign-Derived Intangible Income and foreign profits being taxed in lower taxing jurisdictions. The effective tax rate for fiscal 2025 was 27.9% and differed from the U.S. statutory tax rate of 21.0% primarily due to the tax consequences of a foreign currency gain related to an extraordinary intercompany dividend and an increase in valuation allowances against certain foreign losses, partially offset by foreign profits being taxed in lower taxing jurisdictions.

Cash paid for income taxes, net of refunds received, during fiscal 2026 is as follows (in thousands):

 

 

Fiscal Year Ended January 31, 2026

 

U.S. Federal

 

$

6,196

 

U.S. State and Local

 

 

(353

)

Non - U.S:

 

 

 

Hong Kong

 

 

3,150

 

    Switzerland

 

 

(1,311

)

France

 

 

777

 

Other Non-U.S.

 

 

755

 

Income taxes, net of refund received

 

$

9,214

 

$6.9 million of the U.S. Federal payments listed above was the final payment for the one-time mandatory deemed repatriation tax on cumulative undistributed foreign earnings which have not been previously taxed. $3.9 million of the Hong Kong payments listed above was related to fiscal 2025. Cash paid for income taxes, net of refunds received, during fiscal 2025 and 2024 was $28.4 million and $28.7 million, respectively.

On July 4, 2025, the OBBBA was signed into law by President Trump. The OBBBA includes significant provisions, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act, modifications to the international tax framework and the restoration of favorable tax treatment for certain business provisions. The legislation has multiple effective dates, with certain provisions effective in 2025 and others implemented through 2027. The OBBBA did not have a material impact on the Company's Consolidated Financial Statements for fiscal 2026. The Company will continue to evaluate and monitor potential impacts on future periods and does not expect the OBBBA to have a material impact on its Consolidated Financial Statements.

The Organization for Economic Cooperation and Development (“OECD”) has issued Pillar Two model rules implementing a new global minimum tax of 15%, which was intended to be effective on January 1, 2024 While several countries have adopted and enacted changes to their legislation in response to Pillar Two, in January 2025, the President of the United States issued an executive order announcing the United States’ opposition to aspects of these rules. The Company's revenue currently does not meet the minimum requirements that were set by OECD inclusive framework and rules. Although the Company will continue to evaluate and monitor the enactments of Pillar Two, to the extent that Pillar Two becomes applicable, the Company does not expect a material impact on its Consolidated Financial Statements.

The Company conducts business globally and, as a result, is subject to income taxes in the U.S. federal, state, local and foreign jurisdictions. In the normal course of business, the Company is subject to examinations by taxing authorities in many countries, such as Germany, Hong Kong, Switzerland and the United States. The Company is no longer subject to income tax examination for years ended prior to January 31, 2022, with few exceptions.

A reconciliation of the beginning and ending amounts of gross unrecognized tax benefits (exclusive of interest) for the fiscal years ended January 31, 2026, 2025 and 2024 are as follows (in thousands):

 

 

 

2026

 

 

2025

 

 

2024

 

Beginning balance

 

$

551

 

 

$

547

 

 

$

569

 

Tax positions taken in the current year

 

 

58

 

 

 

48

 

 

 

38

 

Tax positions taken in prior years

 

 

—

 

 

 

—

 

 

 

36

 

Lapse of statute of limitations

 

 

(21

)

 

 

(38

)

 

 

(71

)

Settlements

 

 

—

 

 

 

(1

)

 

 

(25

)

Non-U.S. currency exchange fluctuations

 

 

16

 

 

 

(5

)

 

 

—

 

Ending balance

 

$

604

 

 

$

551

 

 

$

547

 

 

Included in the balances at January 31, 2026, January 31, 2025 and January 31, 2024 are $0.5 million for each period of unrecognized tax benefits which would impact the Company’s effective tax rate, if recognized. As of January 31, 2026, January 31, 2025, and January 31, 2024, the Company had $0.3 million, $0.3 million and $0.2 million, respectively, of accrued interest (net of tax benefit) and penalties related to unrecognized tax benefits. Interest (net of tax benefit) and penalties accrued in fiscal years 2026, 2025 and 2024 were immaterial.

 

At January 31, 2026, the Company had no deferred tax liability for substantially all of the undistributed foreign earnings of approximately $253.4 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.

v3.26.1
Treasury Stock
 12 Months Ended
Jan. 31, 2026
Equity [Abstract]  
Treasury Stock

NOTE 13 – TREASURY STOCK

On November 23, 2021, the Board approved a share repurchase program under which the Company was authorized to purchase up to $50.0 million of its outstanding common stock through November 23, 2024, depending on market conditions, share price and other factors. On December 5, 2024, the Board approved a new share repurchase program under which the Company is authorized to purchase up to $50.0 million of its outstanding common stock through December 5, 2027, depending on market conditions, share price and other factors. These repurchases may be made through open market purchases, repurchase plans, block trades or otherwise.

During the fiscal year ended January 31, 2026, the Company repurchased a total of 208,000 shares of its common stock under the December 5, 2024 share repurchase program at a total cost of $3.9 million, or an average of $18.75 per share. During the fiscal year ended January 31, 2025, the Company repurchased a total of 120,000 shares of its common stock under the November 23, 2021 share repurchase program at a total cost of $2.6 million, or an average of $21.90 per share. There were no shares repurchased under the December 5, 2024 share repurchase program during the fiscal year ended January 31, 2025. During the fiscal year ended January 31, 2024, the Company repurchased a total of 111,722 shares of its common stock under the November 23, 2021 share repurchase program at a total cost of $3.1 million, or an average of $27.89 per share.

At January 31, 2026, $46.1 million remains available for purchase under the Company's December 5, 2024 repurchase program.

There were 27,479, 42,388 and 22,034 shares of common stock repurchased during the fiscal years ended January 31, 2026, 2025 and 2024, 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.

v3.26.1
Accumulated Other Comprehensive Income
 12 Months Ended
Jan. 31, 2026
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income

NOTE 14 – ACCUMULATED OTHER COMPREHENSIVE INCOME

 

The accumulated balances at January 31, 2026, 2025 and 2024, related to each component of accumulated other comprehensive income are as follows (in thousands):

 

 

 

2026

 

 

2025

 

 

2024

 

Foreign currency translation adjustments

 

$

113,972

 

 

$

81,519

 

 

$

93,840

 

Available-for-sale securities

 

 

196

 

 

 

215

 

 

 

169

 

Cash flow hedges

 

 

—

 

 

 

—

 

 

 

43

 

Unrecognized prior service cost related to defined benefit pension plan

 

 

(68

)

 

 

(122

)

 

 

(171

)

Net actuarial loss related to defined benefit pension plan

 

 

(3,486

)

 

 

(1,631

)

 

 

(1,546

)

Total accumulated other comprehensive income

 

$

110,614

 

 

$

79,981

 

 

$

92,335

 

 

Amounts reclassified from accumulated other comprehensive (loss)/income to operating income in the Consolidated Statements of Operations were ($1.7) million during fiscal 2026 and immaterial amounts during fiscal 2025 and fiscal 2024.

v3.26.1
Revenue
 12 Months Ended
Jan. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue

NOTE 15 – REVENUE

Disaggregation of Revenue

The following table presents the Company’s net sales disaggregated by customer type. Sales and usage-based taxes are excluded from net sales (in thousands).

 

 

 

Fiscal Year Ended January 31, 2026

 

 

Fiscal Year Ended January 31, 2025

 

 

Fiscal Year Ended January 31, 2024

 

Customer Type

 

 

 

 

 

 

 

 

 

Wholesale

 

$

503,925

 

 

$

491,870

 

 

$

496,845

 

Direct to consumer

 

 

164,145

 

 

 

158,153

 

 

 

164,201

 

After-sales service

 

 

3,240

 

 

 

3,355

 

 

 

3,343

 

Net Sales

 

$

671,310

 

 

$

653,378

 

 

$

664,389

 

 

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 - 18 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 18 – 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 18 – 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.
v3.26.1
Stock-Based Compensation
 12 Months Ended
Jan. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-Based Compensation

NOTE 16 – 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 fiscal years ended January 31, 2026, January 31, 2025 and January 31, 2024.

 

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 fiscal years ended January 31, 2026, 2025 and 2024 was $0.1 million, $0.9 million and $2.1 million, respectively. As of January 31, 2026, there was no unrecognized compensation cost related to unvested stock options. Total cash consideration received for stock option exercises during the fiscal years ended January 31, 2026, 2025 and 2024 was $0.5 million, $0.1 million and $0.7 million, respectively. The shortfall tax expense on these exercises for fiscal 2026 was approximately $0.1 million.

The following table summarizes the Company’s stock option plan as of January 31, 2026 and changes during each of the fiscal years in the three-year period ended January 31, 2026:

 

 

 

Outstanding
 Options

 

 

Weighted
Average
Exercise
Price per
Option

 

 

Option
Price Per
Share

 

 

Weighted
Average
Remaining
Contractual
Term
(years)

 

 

Aggregate
Intrinsic
Value
$(000)

 

Options outstanding at January 31,
   2023 (183,101 options exercisable)

 

 

1,085,029

 

 

$

23.84

 

 

 

 

 

 

 

 

 

 

Granted

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(51,840

)

 

$

13.02

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(19,000

)

 

$

34.13

 

 

 

 

 

 

 

 

 

 

Options outstanding at January 31,
   2024 (662,375 options exercisable)

 

 

1,014,189

 

 

$

24.20

 

 

 

 

 

 

 

 

 

 

Granted

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

Exercised

 

 

(4,000

)

 

$

16.87

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(58,700

)

 

$

42.12

 

 

 

 

 

 

 

 

 

 

Options outstanding at January 31,
   2025 (951,489 options exercisable)

 

 

951,489

 

 

$

23.13

 

 

$12.42-$38.04

 

 

 

5.5

 

 

$

1,775

 

Granted

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Exercised

 

 

(30,000

)

 

$

16.87

 

 

$

16.87

 

 

 

 

 

 

 

Forfeited

 

 

(22,140

)

 

$

30.36

 

 

$

30.36

 

 

 

 

 

 

 

Options outstanding at January 31, 2026

 

 

899,349

 

 

$

23.16

 

 

$12.42-$38.04

 

 

 

4.6

 

 

$

3,372

 

Exercisable at January 31, 2026

 

 

899,349

 

 

$

23.16

 

 

 

 

 

 

4.6

 

 

$

3,372

 

The table below presents information related to stock option activity for the years ended January 31, 2026, 2025 and 2024:

 

 

 

Fiscal Year Ended
January 31,

 

 

 

2026

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

Total fair value of stock options exercised

 

$

163

 

 

$

22

 

 

$

212

 

Total fair value of stock options vested

 

$

2,201

 

 

$

2,117

 

 

$

2,756

 

 

Non-vested Stock Options

The Company had 148,639 of non-vested stock options at January 31, 2025 with a weighted average grant date fair value of $14.81. All of these shares vested in fiscal 2026.

Stock Awards:

Under the Plan, the Company can also grant stock awards to employees and directors. For fiscal years 2026, 2025 and 2024, compensation expense for stock awards was $5.0 million, $3.2 million and $5.3 million, respectively. As of January 31, 2026, there was approximately $5.7 million of unrecognized compensation cost related to unvested stock awards. These costs are expected to be recognized over a weighted average period of 1.9 years.

Transactions for stock awards under the Plan since fiscal 2023 are summarized as follows:

 

 

 

Number of
Stock Award
Units

 

 

Weighted-
Average Grant
Date Fair Value

 

 

Weighted-
Average
Remaining
Contractual
Term (years)

 

 

Aggregate Intrinsic Value
($(000's)

 

Units outstanding at January 31, 2023

 

 

294,148

 

 

$

28.84

 

 

 

 

 

 

 

Units granted

 

 

300,633

 

 

$

28.60

 

 

 

 

 

 

 

Units vested

 

 

(104,379

)

 

$

22.04

 

 

 

 

 

 

 

Units forfeited

 

 

(4,446

)

 

$

28.78

 

 

 

 

 

 

 

Units outstanding at January 31, 2024

 

 

485,956

 

 

$

30.15

 

 

 

 

 

 

 

Units granted

 

 

311,786

 

 

$

27.78

 

 

 

 

 

 

 

Units vested

 

 

(138,274

)

 

$

28.19

 

 

 

 

 

 

 

Units forfeited

 

 

(2,106

)

 

$

30.70

 

 

 

 

 

 

 

Units outstanding at January 31, 2025

 

 

657,362

 

 

$

29.43

 

 

 

 

 

 

 

Units granted

 

 

508,428

 

 

$

13.53

 

 

 

 

 

 

 

Units vested

 

 

(127,000

)

 

$

34.65

 

 

 

 

 

 

 

Units forfeited

 

 

(44,805

)

 

$

24.13

 

 

 

 

 

 

 

Units outstanding at January 31, 2026

 

 

993,985

 

 

$

20.87

 

 

 

1.3

 

 

$

22,663

 

 

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. The total fair value of stock award units that vested during fiscal 2026, 2025 and 2024 was $4.4 million, $3.9 million and $2.3 million, respectively. There were 27,479, 42,388 and 22,034 shares of common stock of the Company tendered by the employee for the payment of the employee’s withholding tax obligation totaling $0.5 million, $1.2 million and $0.6 million during the fiscal years ended January 31, 2026, 2025 and 2024, respectively. Unvested stock award units had a total fair value of $20.7 million, $19.3 million and $14.7 million, for fiscal 2026, 2025 and 2024, respectively. The shortfall tax expense on the vested stock awards for fiscal 2026 was approximately $0.5 million. The number of shares issued related to the remaining stock awards are established at grant date.
v3.26.1
Pension and Retirement Savings Plan
 12 Months Ended
Jan. 31, 2026
Retirement Benefits [Abstract]  
Pension and Retirement Savings Plan

NOTE 17 – PENSION AND RETIREMENT SAVINGS PLAN

 

Defined Contribution Plans

 

401(k) Savings Plan

 

All employees in the United States are eligible to participate in the Company’s Employee Savings and Investment Plan (“401(k) Plan”), a tax-qualified defined contribution retirement savings plan. The Company matches 50% of each 1% contributed by the employee up to a maximum of 8% of pay (totaling a Company maximum match of 4%). Employees vest in the Company match after three years of service. In fiscal 2026, 2025 and 2024, the Company contributed $1.4 million, $1.5 million and $1.6 million, respectively, in cash to the 401(k) Plan.

 

Other Defined Contribution Plans

 

The Company sponsors defined contribution benefit plans for certain of its employees located outside of the United States. Company contributions and expenses of administering the plans were $0.9 million, $1.0 million and $1.2 million in fiscal 2026, 2025 and 2024, respectively.

The Company maintains a defined contribution deferred compensation plan (also known as a supplemental employee retirement plan or SERP). The SERP provides eligible executives with supplemental retirement benefits in addition to amounts received under the Company’s other retirement plans. The Company makes a matching contribution, up to either 5% or 10% of the executive’s salary, which vests in equal annual installments over five years. Twenty percent of the Company’s matching contribution is in the form of rights to the Company’s common stock. During fiscal 2026, 2025 and 2024, the Company recorded expenses related to the SERP of $0.5 million, $0.6 million and $0.8 million, respectively.

Defined Benefit Plan

 

The Company sponsors a defined benefit 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 components of the net periodic pension costs for the fiscal years ended January 31, 2026, 2025 and 2024 are as follows:

 

(Amounts in thousands)

 

2026

 

 

2025

 

 

2024

 

Service cost

 

$

1,217

 

 

$

1,146

 

 

$

1,069

 

Interest cost

 

 

372

 

 

 

505

 

 

 

593

 

Expected return on assets

 

 

(1,187

)

 

 

(998

)

 

 

(754

)

Actuarial loss/(gain) recognized due to partial settlement

 

 

470

 

 

 

(114

)

 

 

-

 

Amortization of prior service costs

 

 

68

 

 

 

68

 

 

 

76

 

Net Periodic Pension Cost

 

$

940

 

 

$

607

 

 

$

984

 

 

The other components of the net periodic pension costs, including interest cost, expected return on assets, actuarial loss/(gain) recognized due to partial settlement and the amortization of the prior service costs, are all included in other income, net in fiscal 2026, fiscal 2025 and fiscal 2024 in the Consolidated Statement of Operations.

 

During fiscal 2024 there was a plan amendment resulting in a new conversion rate at normal retirement age for retirements in 2025 or later. This plan amendment resulted in a prior service credit of $0.1 million and will be amortized over 5.4 years.

 

During fiscal 2026 and 2025, partial settlements, including lump-sum payments, exceeded the combined current service cost and interest cost for those years. As a result, because only a portion of the related benefit obligation was settled, the Company recognized a pro rata portion of the associated unamortized net loss in fiscal 2026 and the unamortized net gain in fiscal 2025. These amounts were recorded as an addition and a reduction, respectively, to other components of net periodic pension cost.

 

The estimated prior service cost and actuarial loss that will be amortized from accumulated other comprehensive income into net periodic pension cost in the fiscal year ended January 31, 2027 is $0.1 million.

 

A reconciliation of the change in benefit obligation, the change in plan assets and the net amount recognized in the Consolidated Balance Sheets are shown below (based on a January 31 measurement date):

 

(Amounts in thousands)

 

2026

 

 

2025

 

Change in benefit obligation:

 

 

 

 

 

 

Pension benefit obligation at beginning of period

 

$

34,428

 

 

$

34,424

 

Service cost

 

 

1,217

 

 

 

1,146

 

Interest cost

 

 

372

 

 

 

505

 

Benefits paid

 

 

(4,270

)

 

 

(1,798

)

Employee contributions

 

 

837

 

 

 

887

 

Actuarial losses

 

 

2,948

 

 

 

1,200

 

Foreign currency exchange rate impact

 

 

6,201

 

 

 

(1,936

)

Pension benefit obligation at end of year

 

 

41,733

 

 

 

34,428

 

Change in plan assets:

 

 

 

 

 

 

Fair value of plan assets at beginning of period

 

$

34,313

 

 

$

33,731

 

Company contributions

 

 

1,245

 

 

 

1,333

 

Benefits paid

 

 

(4,270

)

 

 

(1,798

)

Actual return on plan assets

 

 

1,825

 

 

 

2,075

 

Employee contributions

 

 

837

 

 

 

887

 

Foreign currency exchange rate impact

 

 

6,095

 

 

 

(1,915

)

Fair value of plan assets at end of year

 

 

40,045

 

 

 

34,313

 

Funded status - consolidated

 

$

(1,688

)

 

$

(115

)

Amounts recognized in the Consolidated Balance Sheets
   consist of:

 

 

 

 

 

 

Other non-current liabilities

 

 

(1,688

)

 

 

(115

)

Amounts recognized in accumulated other
   comprehensive income/(loss):

 

 

 

 

 

 

Prior service cost

 

 

15

 

 

 

83

 

Net actuarial loss

 

 

4,485

 

 

 

2,145

 

Tax effect

 

 

(946

)

 

 

(475

)

Net amount recognized, after tax

 

$

3,554

 

 

$

1,753

 

Accumulated benefit obligation

 

$

41,423

 

 

$

34,142

 

 

Investment Policy:

It is the objective of the plan sponsor to maintain an adequate level of diversification to balance market risk, to prudently invest to preserve capital and to provide sufficient liquidity while maximizing earnings for near-term payments of benefits accrued under the plan and to pay plan administrative expenses. The assumption used for the expected long-term rate of return on plan assets is based on the long-term expected returns for each investment category currently in the portfolio. Historical return trends for the various asset classes in the class portfolio are combined with current and anticipated future market conditions to estimate the rate of return for each class. These rates are then adjusted for anticipated future inflation to determine estimated nominal rates of return for each class.

 

The assets within the plan are classified as Level 3 within the fair value hierarchy and consist primarily of investments in pooled funds, including separate employee accounts invested in equity securities, debt securities and real estate. The fair values of these investments are based on valuations provided by the fund administrators, which are not readily observable and cannot be corroborated by observable market data; accordingly, these investments are classified within Level 3 of the fair value hierarchy.

The weighted average assumptions that were used to determine the Company’s benefit obligations as of the measurement date (January 31) were as follows:

 

 

 

2026

 

 

2025

 

 

2024

 

Discount rate

 

 

1.00

%

 

 

1.00

%

 

 

1.50

%

Salary progression rate

 

 

1.10

%

 

 

1.10

%

 

 

1.10

%

Expected long-term rate of return on plan assets

 

 

3.25

%

 

 

3.20

%

 

 

3.00

%

 

The discount rates used are based on high quality AAA- and AA-rated corporate bonds with durations corresponding to the expected durations of the benefit obligations and service time.

The weighted average assumptions that were used to determine the Company’s net periodic pension cost were as follows:

 

 

 

2026

 

 

2025

 

 

2024

 

Discount rate

 

 

1.00

%

 

 

1.50

%

 

 

1.90

%

Salary progression rate

 

 

1.10

%

 

 

1.10

%

 

 

1.10

%

Expected long-term rate of return on plan assets

 

 

3.20

%

 

 

3.00

%

 

 

2.50

%

 

The overall expected long-term rate of return on plan assets is a weighted average expectation based on the targeted portfolio composition. Historical experience and current benchmarks are considered to arrive at expected long-term rates of return in each asset category.

 

The Company expects the following benefit payments to be paid out for the fiscal years indicated. The expected benefit payments are based on the same assumptions used to measure the Company’s benefit obligation at January 31, 2026 and include estimated future employee service. The Company does not expect any plan assets to be returned to it during the fiscal year ending January 31, 2027. Payments from the pension plan are made from the plan assets.

 

Fiscal Year ending January 31,

 

(in thousands)

 

2027

 

$

715

 

2028

 

 

702

 

2029

 

 

847

 

2030

 

 

1,695

 

2031

 

 

1,952

 

2032-2036

 

 

4,289

 

 

During fiscal 2027, the Company expects to contribute $1.3 million to its Swiss defined benefit plan.
v3.26.1
Segment and Geographic Information
 12 Months Ended
Jan. 31, 2026
Segment Reporting [Abstract]  
Segment and Geographic Information

NOTE 18 – SEGMENT AND GEOGRAPHIC INFORMATION

The Company follows accounting guidance related to disclosures about segments of an enterprise and related information. This guidance requires disclosure of segment data based on how management makes decisions about allocating resources to segments and measuring their performance.

The Company conducts its business in two operating segments: 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 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’s CODM evaluates operating results based on gross profit, defined as net sales less cost of sales, and operating income, defined as gross profit less selling, general and administrative expenses. The CODM uses gross profit and operating income in the budgeting and forecasting process. The CODM considers budget-to-current forecast and prior forecast-to-current forecast variances for gross profit and operating income for evaluating performance of the segments and making decisions about allocating capital and other resources to each segment.

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. A vast majority of the Company’s tangible International assets are owned by the Company’s Swiss and Hong Kong subsidiaries.

The following table summarizes the Company's net sales in the International locations by region as a percentage of the Company's total net sales for the fiscal years ended 2026, 2025 and 2024.

 

 

Twelve Months Ended January 31,

 

 

 

2026

 

2025

 

2024

 

 

 

 

 

 

 

 

 

Europe

 

 

34.1

%

 

31.0

%

 

30.9

%

Americas (excluding the United States)

 

 

9.7

%

 

9.9

%

 

9.4

%

Asia

 

 

7.0

%

 

8.9

%

 

8.1

%

Middle East

 

 

5.9

%

 

7.6

%

 

7.9

%

Total International Operations

 

 

56.7

%

 

57.4

%

 

56.3

%

Operating Segment Data as of and for the Fiscal Year Ended January 31, (in thousands):

 

 

 

Net Sales

 

 

 

2026

 

 

2025

 

 

2024

 

Watch and Accessory Brands:

 

 

 

 

 

 

 

 

 

Owned brands category

 

$

172,487

 

 

$

183,622

 

 

$

198,612

 

Licensed brands category

 

 

391,398

 

 

 

365,216

 

 

 

354,099

 

After-sales service and all other

 

 

4,381

 

 

 

7,548

 

 

 

7,743

 

Total Watch and Accessory Brands

 

 

568,266

 

 

 

556,386

 

 

 

560,454

 

Company Stores

 

 

103,044

 

 

 

96,992

 

 

 

103,935

 

Consolidated total

 

$

671,310

 

 

$

653,378

 

 

$

664,389

 

 

 

 

 

Watch and Accessory Brands

 

Company Stores

 

Consolidated Total

 

 

Watch and Accessory Brands

 

Company Stores

 

Consolidated Total

 

 

Watch and Accessory Brands

 

Company Stores

 

Consolidated Total

 

 

 

2026

 

2026

 

2026

 

 

2025

 

2025

 

2025

 

 

2024

 

2024

 

2024

 

Net sales

 

$

568,266

 

$

103,044

 

$

671,310

 

 

$

556,386

 

$

96,992

 

$

653,378

 

 

$

560,454

 

$

103,935

 

$

664,389

 

Cost of sales

 

 

266,977

 

 

40,730

 

 

307,707

 

 

 

261,774

 

 

38,464

 

 

300,238

 

 

 

259,269

 

 

40,961

 

 

300,230

 

Gross profit

 

 

301,289

 

 

62,314

 

 

363,603

 

 

 

294,612

 

 

58,528

 

 

353,140

 

 

 

301,185

 

 

62,974

 

 

364,159

 

Selling, general and administrative

 

 

286,286

 

 

47,488

 

 

333,774

 

 

 

286,874

 

 

46,251

 

 

333,125

 

 

 

269,882

 

 

45,807

 

 

315,689

 

Operating income (1) (2)

 

$

15,003

 

$

14,826

 

$

29,829

 

 

$

7,738

 

$

12,277

 

$

20,015

 

 

$

31,303

 

$

17,167

 

$

48,470

 

Other income, net

 

 

 

 

 

 

5,033

 

 

 

 

 

 

 

7,125

 

 

 

 

 

 

 

5,994

 

Interest expense

 

 

 

 

 

 

(507

)

 

 

 

 

 

 

(489

)

 

 

 

 

 

 

(497

)

Income before income taxes

 

 

 

 

 

$

34,355

 

 

 

 

 

 

$

26,651

 

 

 

 

 

 

$

53,967

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

$

7,208

 

$

2,208

 

$

9,416

 

 

$

7,096

 

$

2,216

 

$

9,312

 

 

$

7,266

 

$

2,378

 

$

9,644

 

 

 

 

Total Assets

 

Capital Expenditure

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2024

 

Watch and Accessory Brands

 

$

690,068

 

 

$

668,403

 

 

$

3,194

 

 

$

5,740

 

 

$

7,784

 

Company Stores

 

 

52,553

 

 

 

60,828

 

 

 

1,318

 

 

 

2,226

 

 

 

439

 

Consolidated total

 

$

742,621

 

 

$

729,231

 

 

$

4,512

 

 

$

7,966

 

 

$

8,223

 

 

 

(1)
The operating income in the Watch and Accessory Brands segment included $37.7 million, $30.0 million and $30.8 million of unallocated corporate expenses for the fiscal years ended January 31, 2026, 2025 and 2024, respectively, and $66.4 million, $67.0 million and $71.5 million of certain intercompany profits related to the Company's supply chain operations for the fiscal years ended January 31, 2026, 2025 and 2024, respectively.

 

(2)
The operating income in the Watch and Accessory Brands segment for the fiscal year ended January 31, 2026, included a pre-tax charge of $1.5 million related to the Company's cost-savings initiative and a pre-tax charge of $3.6 million of costs related to the investigation of allegations of misconduct within the Dubai branch of the Company's Swiss subsidiary. The operating income in the Watch and Accessory Brands segment for the fiscal year ended January 31, 2025, included a pre-tax charge of $4.6 million
related to the Company's cost-savings initiative and a pre-tax charge of $2.5 million of costs related to the investigation of allegations of misconduct within the Dubai branch of the Company's Swiss subsidiary.

 

Geographic Location Data as of and for the Fiscal Year Ended January 31, (in thousands):

 

 

 

Net Sales (3)

 

 

 

2026

 

 

2025

 

 

2024

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

290,548

 

 

$

278,532

 

 

$

290,256

 

International

 

 

380,762

 

 

 

374,846

 

 

 

374,133

 

Consolidated total

 

$

671,310

 

 

$

653,378

 

 

$

664,389

 

 

United States and International net sales are net of intercompany sales of $269.7 million, $287.6 million and $260.1 million for the fiscal years ended January 31, 2026, 2025 and 2024, respectively.

 

Long-Lived Assets consist of Operating Right-of-Use Assets and Property, Plant and Equipment, Net.

 

 

 

Long-Lived Assets

 

 

Operating Lease Right-of-Use Assets

 

 

Property, Plant and Equipment, Net

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

United States

 

$

62,267

 

 

$

75,160

 

 

$

50,705

 

 

$

61,916

 

 

$

11,562

 

 

$

13,244

 

International

 

 

22,711

 

 

 

30,769

 

 

 

17,168

 

 

 

24,093

 

 

 

5,543

 

 

 

6,676

 

Consolidated total

 

$

84,978

 

 

$

105,929

 

 

$

67,873

 

 

$

86,009

 

 

$

17,105

 

 

$

19,920

 

 
v3.26.1
Subsequent Event
 12 Months Ended
Jan. 31, 2026
Subsequent Events [Abstract]  
Subsequent Event

NOTE 19 – SUBSEQUENT EVENT

 

U.S. Tariff Update:

 

On February 20, 2026, the United States Supreme Court issued a ruling striking down “reciprocal” and other tariffs imposed during fiscal 2026 under the International Emergency Economic Powers Act (“IEEPA”). The timing, scope and administrative process for obtaining refunds of tariffs previously paid is uncertain, as is the potential financial statement impact of any refunds or denials thereof. The amount of IEEPA tariffs paid by the Company in fiscal year 2026 was $8.7 million.

 

The Company incurred $12.7 million of IEEPA tariffs in fiscal year 2026. Of this amount, $9.6 million was recognized in cost of sales in the Company’s Consolidated Statements of Operations, and $3.1 million was capitalized as a component of inventory in the Company’s Consolidated Balance Sheets at January 31, 2026. Of the total tariffs incurred, $8.7 million was paid in fiscal year 2026, with the remaining amount recorded as an accrued liability at January 31, 2026.

 

The Company has not recognized a receivable related to potential tariff refunds, as realization remains uncertain. The ultimate resolution of this matter could have a positive material impact on the Company’s results of operations, financial position, and cash flows in future periods.

 

Following the Supreme Court’s decision, the Trump Administration replaced the IEEPA-based tariffs with tariffs imposed under Section 122 of the Trade Act of 1974. As of the date of this Annual Report, Section 122 tariffs impose an incremental 10% ad valorem duty on covered imports, and the Administration has announced its intent to increase this rate to 15%. Section 122 tariffs expire after 150 days absent Congressional approval; however, the Administration has announced plans to conduct investigations into trade practices in order to enable the imposition of tariffs under other statutory authorities.

 

The duration, scope, and applicability of existing and newly announced tariffs remain subject to ongoing legal, regulatory, and administrative developments. At this time, the Company is unable to reasonably estimate the potential impact of these actions on its business, financial condition, or results of operations. The Company will continue to monitor developments and evaluate their potential effects.
v3.26.1
Valuation and Qualifying Accounts
 12 Months Ended
Jan. 31, 2026
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]  
Valuation and Qualifying Accounts

Schedule II

MOVADO GROUP, INC.

VALUATION AND QUALIFYING ACCOUNTS

(In thousands)

 

Description

 

Balance at
Beginning
of Year

 

 

Net Provision/(Benefit)
Recognized in
Earnings

 

 

 

Foreign
Currency

 

 

Utilization/Write-Offs

 

 

 

Balance at
end of year

 

Year ended January 31, 2026:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for expected credit losses

 

$

3,091

 

 

$

1,603

 

 

 

$

241

 

 

$

(183

)

 

 

$

4,752

 

Returns

 

 

17,069

 

 

 

24,538

 

 

 

 

660

 

 

 

(27,508

)

 

 

 

14,759

 

Other sales allowances

 

 

5,941

 

 

 

25,013

 

 

 

 

387

 

 

 

(19,118

)

 

 

 

12,223

 

Deferred tax asset valuation allowance

 

 

3,679

 

 

 

196

 

 

 

 

306

 

 

 

(437

)

 

 

 

3,744

 

Total

 

$

29,780

 

 

$

51,350

 

 

 

$

1,594

 

 

$

(47,246

)

 

 

$

35,478

 

Year ended January 31, 2025:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for expected credit losses

 

$

3,266

 

 

$

261

 

 

 

$

(78

)

 

$

(358

)

 

 

$

3,091

 

Returns

 

 

12,773

 

 

 

33,457

 

 

 

 

(456

)

 

 

(28,705

)

 

 

 

17,069

 

Other sales allowances

 

 

6,875

 

 

 

25,150

 

 

 

 

(185

)

 

 

(25,899

)

 

 

 

5,941

 

Deferred tax asset valuation allowance

 

 

3,298

 

 

 

636

 

 

 

 

(91

)

 

 

(164

)

 

 

 

3,679

 

Total

 

$

26,212

 

 

$

59,504

 

 

 

$

(810

)

 

$

(55,126

)

 

 

$

29,780

 

Year ended January 31, 2024:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allowance for expected credit losses

 

$

4,977

 

 

$

1,375

 

 

 

$

173

 

 

$

(3,259

)

(1)

 

$

3,266

 

Returns

 

 

13,087

 

 

 

30,515

 

 

 

 

216

 

 

 

(31,045

)

 

 

 

12,773

 

Other sales allowances

 

 

8,494

 

 

 

19,470

 

 

 

 

104

 

 

 

(21,193

)

 

 

 

6,875

 

Deferred tax asset valuation allowance

 

 

4,041

 

 

 

372

 

 

 

 

(185

)

 

 

(930

)

 

 

 

3,298

 

Total

 

$

30,599

 

 

$

51,732

 

 

 

$

308

 

 

$

(56,427

)

 

 

$

26,212

 

 

(1) Activity in fiscal year 2024 includes approximately $2.5 million of write-offs associated with a fully reserved non-current asset that occurred in fiscal year 2022.

 
v3.26.1
Significant Accounting Policies (Policies)
 12 Months Ended
Jan. 31, 2026
Accounting Policies [Abstract]  
Organization and Business

Organization and Business

Movado Group, Inc. (together with its subsidiaries, the “Company”) designs, sources, markets and distributes quality watches with prominent brands across most price categories of the watch industry. The Company's fiscal year ends on January 31st of each year, and references to fiscal 2026 relate to the year ended January 31, 2026. In fiscal 2026, the Company marketed the following distinct brands of watches: Movado, Concord, EBEL, Olivia Burton, MVMT, Coach, Tommy Hilfiger, Hugo Boss, Lacoste and Calvin Klein. The Company also designs, sources, markets and distributes jewelry and other accessories under certain of its brands.

Movado (with the exception of certain Movado collections), EBEL and Concord watches, as well as certain Calvin Klein watch styles, are manufactured in Switzerland by independent third-party assemblers using Swiss movements and other parts sourced by the Company’s Swiss operations. All of the Company’s products are manufactured using components obtained from third party suppliers. Certain Movado collections of watches are manufactured by independent contractors in Switzerland and Asia using Swiss movements. Coach, Hugo Boss, Lacoste, Olivia Burton, MVMT, Tommy Hilfiger and most Calvin Klein watches are manufactured by independent contractors in Asia. The Company’s jewelry and other accessories are manufactured by independent contractors in Asia and, to a lesser extent, the United States.

In addition to its sales to trade customers and independent distributors, the Company sells directly to consumers via its e-commerce platforms and also operates 53 retail outlet locations throughout the United States and four in Canada, through which it sells current and discontinued models and factory seconds of all of the Company’s watch brands.
Principles of Consolidation

Principles of Consolidation

The Consolidated Financial Statements include the accounts of the Company and its wholly-owned subsidiaries. Intercompany transactions and balances have been eliminated. To the extent a subsidiary is not wholly-owned, any related noncontrolling interests are included as a separate component of Shareholders’ Equity.
Use of Estimates in the Preparation of Financial Statements

Use of Estimates in the Preparation of Financial Statements

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenues and expenses during the reporting periods. These estimates and assumptions are based on management’s best estimates and judgment. On an on-going basis, the Company evaluates its estimates and judgment. These estimates include accounting for sales discounts, returns, markdowns, allowance for expected credit losses, allowances and incentives, warranties, income taxes, depreciation, amortization, inventory write-downs, stock-based compensation, pensions, contingencies and impairments of long-lived assets. Actual results could differ from those estimates.
Translation of Foreign Currency Financial Statements and Foreign Currency Transactions

Translation of Foreign Currency Financial Statements and Foreign Currency Transactions

The financial statements of the Company’s international subsidiaries have been translated into United States dollars by translating balance sheet accounts at year-end exchange rates and the weighted average exchange rate for each period for revenues, expenses, gains, losses and cash flows. Foreign currency transaction gains and losses are charged or credited to earnings as incurred. Foreign currency translation gains and losses are reflected in the equity section of the Company’s Consolidated Balance Sheets in accumulated other comprehensive income.
Cash and Cash Equivalents and Restricted Cash

Cash and Cash Equivalents and Restricted Cash

Cash equivalents include all highly liquid investments with original maturities at date of purchase of three months or less.

Restricted cash is comprised of cash or cash equivalents which has been placed into an account that is restricted for a specific use and from which the Company cannot withdraw the cash on demand.
Trade Receivables

Trade Receivables

Trade receivables as shown on the Consolidated Balance Sheets are net of various allowances. The Company utilizes a methodology that reflects expected credit losses and requires the use of a forward-looking expected credit loss rate for its trade accounts receivables. The Company writes off uncollectible trade receivables once collection efforts have been exhausted and third parties confirm the balance is not recoverable.

Included in Trade receivables are amounts due from trade customers including department stores, jewelry store chains, independent jewelers, third-party e-commerce retailers and payment processors used by the Company's owned e-commerce websites. All of the Company’s watch brands are also marketed outside the U.S. through a network of independent distributors. Trade receivables, net are stated net of reserves for expected credit losses, returns and allowances of $31.7 million and $26.1 million at January 31, 2026 and 2025, respectively. Trade receivables, net are also stated net of certain cooperative advertising allowances of $6.6 million and $4.2 million at January 31, 2026 and 2025, respectively. Cooperative advertising allowances are credits to be taken by the customer at a future date on previously executed cooperative advertising.

The Company’s concentrations of credit risk arise primarily from accounts receivable related to trade customers during the peak selling seasons. The Company has significant accounts receivable balances due from major national chain and department stores and third-party e-commerce retailers. The Company’s results of operations could be materially adversely affected in the event any of these customers or a group of these customers defaulted on all or a significant portion of their obligations to the Company. As of January 31, 2026, except for those accounts provided for in the allowance for expected credit losses, the Company knew of no situations with any of the Company’s major customers which would indicate any such customer’s inability to make its required payments.

No single customer accounted for more than 10% of net sales during any of the years in the three-year period ended January 31, 2026. At January 31, 2026, accounts receivable included amounts due from a significant e-commerce retail customer and certain of its affiliates representing approximately 25% of total net accounts receivable. Revenue attributable to this customer represented less than 10% of consolidated net sales for the fiscal year. The concentration at year-end was primarily due to the timing of shipments in the fourth quarter and related collections in the ordinary course of business. This e-commerce retail commerce company is an investment-grade rated customer with substantial liquidity and a strong history of payment performance. The Company monitors credit exposure on an ongoing basis and has not experienced material credit losses related to this customer.
Inventories

Inventories

The Company values its inventory at the lower of cost or net realizable value. Cost is determined using the average cost method. The Company performs reviews of its on-hand inventory to determine amounts, if any, of inventory that is deemed discontinued, excess, or unsaleable. Inventory classified as discontinued, together with the related component parts that can be assembled into saleable finished goods, is sold primarily through the Company’s retail outlet locations. The Company retains adequate levels of component parts to facilitate both the manufacturing of its watches as well as the after-sales service of its watches for an extended period of time after the discontinuance of the manufacturing of such watches. The adjustment to reduce the value of component parts below their cost to their net realizable value is based on the timing of when a component part is no longer associated with a watch that is being manufactured as well as the significant assumption related to the anticipated utilization of component parts for after-sales service.
Property, Plant and Equipment

Property, Plant and Equipment

Property, plant and equipment, including computer software, are stated at cost less accumulated depreciation. The Company capitalizes certain computer software costs after technological feasibility has been established. Depreciation and amortization are computed using the straight-line method based on the estimated useful lives of the assets. The cost of property, plant and equipment and related depreciation and amortization are removed from the accounts upon the disposition or retirement of such assets and the resulting gain or loss is reflected in operating income.
Intangibles

Intangibles

Intangible assets consist primarily of trade names, customer relationships and trademarks. In accordance with applicable guidance, the Company estimates and records the fair value of purchased intangible assets at the time of their acquisition. The fair values of these intangible assets are estimated at the time of acquisition based on independent third-party appraisals. Finite-lived intangible assets are amortized over their respective estimated useful lives, typically ten years, and are evaluated for impairment whenever events or changes in circumstances indicate that their related carrying values may not be fully recoverable. The Company determined that there was no impairment in fiscal 2026, fiscal 2025 or in fiscal 2024.
Noncontrolling Interest

Noncontrolling Interest

Noncontrolling interest is recognized as equity in the Company’s Consolidated Balance Sheets and represents ownership interests in the Company’s subsidiaries held by third parties.
Long-Lived Assets

Long-Lived Assets

The Company periodically reviews the estimated useful lives of its depreciable assets based on factors including historical experience, the expected beneficial service period of the asset, the quality and durability of the asset and the Company’s maintenance policy including periodic upgrades. Changes in useful lives are made on a prospective basis unless factors indicate the carrying amounts of the assets may not be recoverable and an impairment is necessary.

The Company performs an impairment review of its long-lived assets once events or changes in circumstances indicate, in management’s judgment, that the carrying value of such assets may not be recoverable. When such a determination has been made, management compares the carrying value of the asset groups with their estimated future undiscounted cash flows. If it is determined that an impairment has occurred, the fair value of the asset group is determined and compared to its carrying value. The excess of the carrying value over the fair value, if any, is recognized as a loss during that period. The impairment is calculated as the difference between asset carrying values and their estimated fair values. No impairment charge was recorded in fiscal 2026, fiscal 2025 or in fiscal 2024.
Investments Without Readily Determinable Fair Values

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. The Company has evaluated and will regularly evaluate the carrying value of its investments. The carrying value of the investments are recorded in Other non-current assets in the Consolidated Balance Sheets at January 31, 2026 and 2025.
Derivative Financial Instruments

Derivative Financial Instruments

The Company accounts for its derivative financial instruments in accordance with the accounting guidance which requires that an entity recognize all derivatives as either assets or liabilities in the Consolidated Balance Sheets and measure those instruments at fair value. A significant portion of the Company’s purchases are denominated in Swiss Francs and, to a lesser extent, the Japanese Yen. The Company also sells to third-party customers in a variety of foreign currencies, most notably the Euro, Swiss Franc and the British Pound. The Company reduces its exposure to the Swiss Franc, Euro, British Pound, Chinese Yuan and Japanese Yen exchange rate risks through a hedging program. Under the hedging program, the Company manages most of its foreign currency exposures on a consolidated basis, which allows it to net certain exposures and take advantage of natural offsets. In the event these exposures do not offset, from time to time the Company uses various derivative financial instruments to further reduce the net exposures to currency fluctuations, predominately forward and option contracts. Certain of these contracts meet the requirements of qualified hedges. In these circumstances, the Company designates and documents these derivative instruments as a cash flow hedge of a specific underlying exposure, as well as the risk management objectives and strategies for undertaking the hedge transactions. Changes in the fair value of hedges designated and documented as a cash flow hedge and which are highly effective, are recorded in other comprehensive income until the underlying transaction affects earnings, and then are reclassified into earnings in the same account as the hedged transaction. The earnings impact is mostly offset by the effects of currency movements on the underlying hedged transactions. The Company formally assesses, both at the inception and at each fiscal quarter thereafter, the effectiveness of the derivative instrument hedging the underlying forecasted cash flow transaction. The Company does not exclude any designated cash flow hedges from its effective testing. Hedge accounting is discontinued if it is determined that the derivative is not highly effective.

From time to time the Company uses forward exchange contracts, which do not meet the requirements of qualified hedges, to offset its exposure to certain foreign currency receivables and liabilities. These forward contracts are not designated as qualified hedges and, therefore, changes in the fair value of these derivatives are recognized in earnings in the period they arise, thereby offsetting the current earnings effect resulting from the revaluation of the related foreign currency receivables and liabilities.

All of the Company’s derivative instruments have fair values which can be determined directly or indirectly based on available market data. The Company does not enter into any derivative instruments for trading purposes.
Revenue Recognition

Revenue Recognition

Wholesale revenue is recognized and recorded when a contract is in place, obligations under the terms of a contract with the customer are satisfied and control is transferred to the customer. Such revenue is measured as the ultimate amount of consideration the Company expects to receive in exchange for transferring goods including variable consideration. The Company has determined that transfer of

control passes to the wholesale customer upon shipment or upon receipt depending on the agreement with the customer and shipping terms. Control passes to outlet store customers at the time of sale and to substantially all e-commerce customers upon shipment. Factors considered in the transfer of control include the right to payment, transfer of legal title, physical possession and customer acceptance of the goods and whether significant risks and rewards for the goods belong with the customer. The Company records estimates of variable consideration, which includes sales returns and markdown allowances as a reduction of revenue in the same period that the sales are recorded. These estimates are based upon the expected value method considering all reasonably available information including historical analysis, customer agreements and/or currently known factors that arise in the normal course of business. Discounts, returns and allowances have historically been within the Company’s expectations and the provisions established. The future provisional rates may differ from those experienced in the past. Taxes imposed by governmental authorities on the Company's revenue-producing activities with customers, such as sales taxes and value added taxes, are excluded from net sales.
Cost of Sales

Cost of Sales

Cost of sales of the Company’s products consist primarily of costs for raw materials, component costs, royalties, depreciation, amortization, assembly costs, shipping to customers, design costs and unit overhead costs associated with the Company’s supply chain operations predominately in Switzerland and Asia. The Company’s supply chain operations consist of logistics management of assembly operations and product sourcing predominately in Switzerland and Asia and minor assembly in Switzerland. The Swiss watch movements used in the manufacture of Movado, EBEL and Concord watches, as well as certain Calvin Klein watch styles, are purchased from three suppliers, one of which is a wholly-owned subsidiary of a competitor of the Company, and only one of which supplies mechanical movements. The elimination or disruption of any of these manufacturers could disrupt the Company's Swiss watch operations. This is particularly true for mechanical movements given the single source of supply, although mechanical movements are only used in a relatively small number of the Company's watch styles.
Selling, General and Administrative ("SG&A") Expenses

Selling, General and Administrative (“SG&A”) Expenses

The Company’s SG&A expenses consist primarily of marketing, selling, distribution, general and administrative expenses.

Marketing expenditures are based principally on overall strategic considerations relative to maintaining or increasing market share in markets that management considers to be crucial to the Company’s continued success as well as on general economic conditions in the various markets around the world in which the Company sells its products. Marketing expenses include salaries, various forms of media advertising, digital advertising (including social media), customer acquisition costs and cooperative advertising and retail media network programs with certain wholesale customers and distributors and other point of sale marketing and promotional spending.

Selling expenses consist primarily of salaries, sales commissions, salesforce travel and related expenses, credit card fees, depreciation and amortization and operating costs incurred in connection with the Company’s retail business. Sales commissions vary with overall sales levels. Retail selling expenses consist primarily of payroll and related expenses and store occupancy costs.

Distribution expenses consist of costs of running distribution centers and customer service, and include primarily salaries, rental and other occupancy costs, security, depreciation and amortization of furniture and leasehold improvements and shipping supplies.

General and administrative expenses consist primarily of salaries and other employee compensation including performance-based compensation, employee benefit plan costs, office rent, management information systems costs, professional fees, bad debts, depreciation and amortization of furniture, computer software, leasehold improvements, amortization of finite-lived intangible assets, patent and trademark expenses and various other general corporate expenses.
Warranty Costs

Warranty Costs

All watches sold by the Company come with limited warranties covering the movement against defects in material and workmanship for periods generally ranging from two to three years from the date of purchase. When changes in warranty costs are experienced, the Company will adjust the warranty liability as required. The Company records an estimate for future warranty costs based on historical repair costs. Warranty costs have historically been within the Company’s expectations and the provisions established. If such costs were to substantially exceed estimates, they could have an adverse effect on the Company's operating results.

The warranty liability, included in accrued liabilities in the Consolidated Balance Sheets, and activity for the fiscal years ended January 31, 2026, 2025 and 2024 was as follows (in thousands):

 

2026

 

2025

 

2024

 

Balance, beginning of year

 

$

1,859

 

$

1,910

 

$

1,882

 

Provision charged to operations

 

1,298

 

 

1,440

 

 

1,864

 

Settlements made

 

(1,246

)

 

(1,491

)

 

(1,836

)

Balance, end of year

$

1,911

 

$

1,859

 

$

1,910

 
Pre-opening Costs

Pre-opening Costs

Marketing and administrative costs associated with the opening of retail stores are expensed in the period incurred.

Marketing

Marketing

The Company expenses advertising production costs at the commencement date of the advertising campaign. Marketing expenses are included within selling, general and administrative expenses and consist primarily of media advertising, digital advertising, retail media network programs, cooperative advertising arrangements, customer acquisition costs, production costs, point-of-sale materials and displays, and related internal payroll costs.

The Company participates in cooperative advertising and retail media programs with certain customers, including programs operated through customers’ digital and in-store platforms. In exchange for the consideration paid, the Company receives advertising and marketing services that it has concluded are distinct and separately identifiable from the sale of its products. The Company evaluates these arrangements in accordance with ASC 606, Revenue from Contracts with Customers, including the guidance on consideration payable to a customer.

 

The Company has determined that the fair value of the advertising and marketing services received is reasonably estimable. Because the consideration paid does not exceed the fair value of the services received, such amounts are recorded as marketing expense within selling, general and administrative expenses rather than as a reduction of revenue.

Marketing expense for fiscal 2026, 2025 and 2024 was $130.8 million, $146.5 million and $129.1 million, respectively.

Included in other non-current assets in the Consolidated Balance Sheets are the costs of certain prepaid advertising, including principally product displays and point of sale materials. Prepaid advertising accounted for $4.8 million and $6.5 million in other non-current assets at January 31, 2026 and 2025, respectively.
Shipping and Handling Costs

Shipping and Handling Costs

Amounts charged to customers for shipping and handling were $1.7 million, $1.6 million and $1.8 million for fiscal 2026, 2025 and 2024, respectively. The costs related to shipping and handling were $11.5 million, $12.3 million and $12.0 million for fiscal 2026, 2025 and 2024, respectively. The amounts charged and incurred by the Company related to shipping and handling are included in net sales and cost of sales in the Consolidated Statements of Operations, respectively.
Income Taxes

Income Taxes

The Company, under ASC Topic 740, follows the asset and liability method of accounting for income taxes under which deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax laws and tax rates in each jurisdiction where the Company operates and applied to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities due to a change in tax rates is recognized in income in the period that includes the enactment date. In addition, the amounts of any future tax benefits are reduced by a valuation allowance to the extent such benefits are not expected to be realized on a more-likely-than-not basis. The Company calculates estimated income taxes in each of the jurisdictions in which it operates. This process involves estimating actual current tax expense along with assessing temporary differences resulting from differing treatment of items for both book and tax purposes.

The Company follows guidance for accounting for uncertainty in income taxes. This guidance clarifies the accounting for uncertainty in income taxes recognized in a company’s financial statements and prescribes a recognition threshold and measurement standard for

an income tax position taken or expected to be taken in a tax return. This guidance also provides instructions for de-recognition, classification, interest and penalties, accounting in interim periods, disclosures and transitions. Interest and penalties, if any, related to unrecognized tax benefits are recorded as income tax expense in the Consolidated Statement of Operations and as deferred tax liabilities in the Consolidated Balance Sheet.
Earnings Per Share

Earnings Per Share

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):

 

 

 

Fiscal Years Ended January 31,

 

 

 

2026

 

 

2025

 

 

2024

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

Basic

 

 

22,243

 

 

 

22,268

 

 

 

22,221

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Stock awards and options to purchase shares of common stock

 

 

371

 

 

 

335

 

 

 

420

 

Diluted

 

 

22,614

 

 

 

22,603

 

 

 

22,641

 

 

For the fiscal years ended January 31, 2026, 2025 and 2024, approximately 463,000, 681,000 and 682,000 respectively, of potentially dilutive common stock equivalents were excluded from the computation of diluted earnings per share because their effect would have been antidilutive.
Stock-Based Compensation

Stock-Based Compensation

The Company utilizes the Black-Scholes option-pricing model which requires that certain assumptions be made to calculate the fair value of each option at the grant date. The expected life of stock option grants is determined using historical data and represents the time period during which the stock option is expected to be outstanding until it is exercised. The risk-free interest rate is based on the U.S. treasury note interest rate in effect on the date of grant for the expected life of the stock option. The expected stock price volatility is derived from historical volatility and calculated based on the estimated term structure of the stock option grant. The expected dividend yield is calculated using the Company’s expected average of annualized dividend yields and applied over the expected term of the option. Management monitors stock option exercises and employee termination patterns to estimate forfeitures rates within the valuation model. Separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes.

In addition to stock options, the Company may also grant stock awards to employees and directors. The stock awards are generally in the form of time-vesting restricted stock unit awards (pursuant to which unrestricted shares of Common Stock are issued to the grantee when the award vests) or performance-based awards (under which vesting occurs only if one or more predetermined financial goals are achieved within the relevant performance period); both are subject to the participant’s continued employment (or board service) with the Company through such vesting date. Stock awards generally are cliff-vested after three years from the date of grant (one year in the case of directors’ awards). The fair value of stock awards is generally equal to the closing price of the Company’s publicly-traded common stock on the grant date.

Compensation expense for all awards is accrued based on the estimated number of instruments for which the requisite service is expected to be rendered. This estimate is reflected in the period the stock option and stock awards are either granted or canceled. Expense related to stock options and stock awards compensation is recognized on a straight-line basis over the vesting term and, as applicable, only if the performance condition is probable of being achieved.
Comprehensive Income (Loss)

Comprehensive Income (Loss)

Comprehensive income (loss) consists of net income (loss) attributable to the Movado Group, Inc. and other gains and losses that are not included in net income (loss), but are recorded directly in the Consolidated Statements of Changes in Equity, such as the unrealized gains and losses on the translation of the assets and liabilities of the Company’s foreign operations and net unrealized gains and losses, net of tax, on derivatives designated as cash flow hedges, the Company's defined benefit plan and available for sale securities.
v3.26.1
Significant Accounting Policies (Tables)
 12 Months Ended
Jan. 31, 2026
Accounting Policies [Abstract]  
Schedule of Warranty Liability, Included in Accrued Liabilities in Consolidated Balance Sheets and Activity

The warranty liability, included in accrued liabilities in the Consolidated Balance Sheets, and activity for the fiscal years ended January 31, 2026, 2025 and 2024 was as follows (in thousands):

 

2026

 

2025

 

2024

 

Balance, beginning of year

 

$

1,859

 

$

1,910

 

$

1,882

 

Provision charged to operations

 

1,298

 

 

1,440

 

 

1,864

 

Settlements made

 

(1,246

)

 

(1,491

)

 

(1,836

)

Balance, end of year

$

1,911

 

$

1,859

 

$

1,910

 
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):

 

 

 

Fiscal Years Ended January 31,

 

 

 

2026

 

 

2025

 

 

2024

 

Weighted average common shares outstanding:

 

 

 

 

 

 

 

 

 

Basic

 

 

22,243

 

 

 

22,268

 

 

 

22,221

 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

Stock awards and options to purchase shares of common stock

 

 

371

 

 

 

335

 

 

 

420

 

Diluted

 

 

22,614

 

 

 

22,603

 

 

 

22,641

 
v3.26.1
Intangible Assets (Tables)
 12 Months Ended
Jan. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Other Intangible Assets

The changes in the carrying amount of other intangible assets during the fiscal years ended January 31, 2026, 2025 and 2024 are as follows (in thousands):

 

 

 

Trade names

 

 

Customer
relationships

 

 

Other (1)

 

 

Total

 

Weighted Average Amortization Period (in years)

 

10

 

 

10

 

 

10

 

 

 

 

Balance at January 31, 2023

 

$

6,903

 

 

$

1,728

 

 

$

1,011

 

 

$

9,642

 

Additions

 

 

—

 

 

 

—

 

 

 

144

 

 

 

144

 

Amortization

 

 

(1,504

)

 

 

(729

)

 

 

(248

)

 

 

(2,481

)

Foreign exchange impact

 

 

140

 

 

 

(4

)

 

 

52

 

 

 

188

 

Balance at January 31, 2024

 

 

5,539

 

 

 

995

 

 

 

959

 

 

 

7,493

 

Additions

 

 

—

 

 

 

—

 

 

 

109

 

 

 

109

 

Amortization

 

 

(1,535

)

 

 

(158

)

 

 

(238

)

 

 

(1,931

)

Foreign exchange impact

 

 

(63

)

 

 

(26

)

 

 

(45

)

 

 

(134

)

Balance at January 31, 2025

 

 

3,941

 

 

 

811

 

 

 

785

 

 

 

5,537

 

Additions

 

 

—

 

 

 

—

 

 

 

138

 

 

 

138

 

Amortization

 

 

(1,587

)

 

 

(168

)

 

 

(236

)

 

 

(1,991

)

Foreign exchange impact

 

 

267

 

 

 

77

 

 

 

134

 

 

 

478

 

Balance at January 31, 2026

 

$

2,621

 

 

$

720

 

 

$

821

 

 

$

4,162

 

 

(1)
Other includes fees paid related to trademarks.
Summary of Estimated Future Amortization Expense

The estimated future amortization expense during each of the next five fiscal years is as follows:

 

For the fiscal year ending January 31,

 

(in thousands)

 

2027

 

$

2,021

 

2028

 

 

1,232

 

2029

 

 

494

 

2030

 

 

109

 

2031

 

 

108

 

Thereafter

 

 

198

 

Total estimated future amortization expense

 

$

4,162

 
v3.26.1
Inventories (Tables)
 12 Months Ended
Jan. 31, 2026
Inventory Disclosure [Abstract]  
Components of Inventories

Inventories consisted of the following (in thousands):

 

 

 

As of January 31,

 

 

 

2026

 

 

2025

 

Finished goods

 

$

128,192

 

 

$

129,204

 

Component parts

 

 

27,127

 

 

 

23,905

 

Work-in-process

 

 

3,012

 

 

 

3,629

 

 

 

$

158,331

 

 

$

156,738

 

 

 
v3.26.1
Property, Plant and Equipment (Tables)
 12 Months Ended
Jan. 31, 2026
Property, Plant and Equipment [Abstract]  
Schedule of Property, Plant and Equipment

A summary of the components of property, plant and equipment and their estimated useful lives is as follows (in thousands):

 

 

 

As of January 31,

 

 

 

 

 

2026

 

 

2025

 

 

Estimated Useful Lives

Land and buildings

 

$

1,559

 

 

$

1,323

 

 

40 years for buildings

Furniture and equipment

 

 

47,805

 

 

 

46,039

 

 

3 to 7 years

Computer software

 

 

35,899

 

 

 

34,972

 

 

5 to 10 years

Leasehold improvements

 

 

36,834

 

 

 

35,982

 

 

Lesser of lease term or useful life

Design fees and tooling costs

 

 

1,854

 

 

 

1,782

 

 

3 years

 

 

 

123,951

 

 

 

120,098

 

 

 

Less: Accumulated depreciation and
   amortization

 

 

(106,846

)

 

 

(100,178

)

 

 

Property, plant and equipment, net

 

$

17,105

 

 

$

19,920

 

 

 
v3.26.1
Derivative Financial Instruments (Tables)
 12 Months Ended
Jan. 31, 2026
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 January 31, 2026 and 2025 (in thousands):

 

 

 

Asset Derivatives

 

 

Liability Derivatives

 

 

 

Balance
Sheet
Location

 

January 31, 2026
Fair
Value

 

 

January 31, 2025
Fair
Value

 

 

Balance
Sheet
Location

 

January 31, 2026
Fair
Value

 

 

January 31, 2025
Fair
Value

 

Derivatives designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign Exchange Contracts

 

Other Current
Assets

 

$

—

 

 

$

—

 

 

Accrued
Liabilities

 

$

—

 

 

$

—

 

Total Derivative Instruments

 

 

 

$

—

 

 

$

—

 

 

 

 

$

—

 

 

$

—

 

 

 

 

Asset Derivatives

 

 

Liability Derivatives

 

 

 

Balance
Sheet
Location

 

January 31, 2026
Fair
Value

 

 

January 31, 2025
Fair
Value

 

 

Balance
Sheet
Location

 

January 31, 2026
Fair
Value

 

 

January 31, 2025
Fair
Value

 

Derivatives not designated as hedging instruments:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign Exchange Contracts

 

Other Current
Assets

 

$

484

 

 

$

13

 

 

Accrued
Liabilities

 

$

10

 

 

$

1,111

 

Total Derivative Instruments

 

 

 

$

484

 

 

$

13

 

 

 

 

$

10

 

 

$

1,111

 
v3.26.1
Fair Value Measurements (Tables)
 12 Months Ended
Jan. 31, 2026
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 January 31, 2026 and 2025 (in thousands):

 

 

 

 

 

Fair Value at January 31, 2026

 

 

 

Balance Sheet Location

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale securities

 

Other current assets

 

$

281

 

 

$

—

 

 

$

—

 

 

$

281

 

Short-term investment

 

Other current assets

 

 

153

 

 

 

—

 

 

 

—

 

 

 

153

 

SERP assets - employer

 

Other non-current assets

 

 

607

 

 

 

—

 

 

 

—

 

 

 

607

 

SERP assets - employee

 

Other non-current assets

 

 

55,739

 

 

 

—

 

 

 

—

 

 

 

55,739

 

Defined benefit plan assets (1)

 

Other non-current liabilities

 

 

—

 

 

 

—

 

 

 

40,045

 

 

 

40,045

 

Hedge derivatives

 

Other current assets

 

 

—

 

 

 

484

 

 

 

—

 

 

 

484

 

Total

 

 

 

$

56,780

 

 

$

484

 

 

$

40,045

 

 

$

97,309

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SERP liabilities - employee

 

Other non-current liabilities

 

$

55,739

 

 

$

—

 

 

$

—

 

 

$

55,739

 

Hedge derivatives

 

Accrued liabilities

 

 

—

 

 

 

10

 

 

 

—

 

 

 

10

 

Total

 

 

 

$

55,739

 

 

$

10

 

 

$

—

 

 

$

55,749

 

 

 

 

 

 

Fair Value at January 31, 2025

 

 

 

Balance Sheet Location

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale securities

 

Other current assets

 

$

306

 

 

$

—

 

 

$

—

 

 

$

306

 

Short-term investment

 

Other current assets

 

 

143

 

 

 

—

 

 

 

—

 

 

 

143

 

SERP assets - employer

 

Other non-current assets

 

 

605

 

 

 

—

 

 

 

—

 

 

 

605

 

SERP assets - employee

 

Other non-current assets

 

 

53,442

 

 

 

—

 

 

 

—

 

 

 

53,442

 

Defined benefit plan assets (1)

 

Other non-current liabilities

 

 

—

 

 

 

—

 

 

 

34,313

 

 

 

34,313

 

Hedge derivatives

 

Other current assets

 

 

—

 

 

 

13

 

 

 

—

 

 

 

13

 

Total

 

 

 

$

54,496

 

 

$

13

 

 

$

34,313

 

 

$

88,822

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SERP liabilities - employee

 

Other non-current liabilities

 

$

53,442

 

 

$

—

 

 

$

—

 

 

$

53,442

 

Hedge derivatives

 

Accrued liabilities

 

 

—

 

 

 

1,111

 

 

 

—

 

 

$

1,111

 

Total

 

 

 

$

53,442

 

 

$

1,111

 

 

$

—

 

 

$

54,553

 

 

(1)
See Note 17 for a discussion of the fair value of the assets held in the Company’s defined benefit plan in Switzerland and rollforward of beginning and ending balances.
v3.26.1
Leases (Tables)
 12 Months Ended
Jan. 31, 2026
Leases [Abstract]  
Components of Lease Expense

The components of lease expense were as follows (in thousands):

 

Lease Expense

 

Consolidated Statements of
Operation Location

 

For the Year Ended January 31, 2026

 

 

For the Year Ended January 31, 2025

 

 

For the Year Ended January 31, 2024

 

Operating lease expense

SG&A

 

$

22,041

 

 

$

21,919

 

 

$

20,404

 

Short-term lease cost

 

SG&A

 

 

561

 

 

 

698

 

 

 

746

 

Variable lease cost

 

SG&A

 

 

9,914

 

 

 

9,319

 

 

 

10,536

 

Total operating lease expense

 

 

 

$

32,516

 

 

$

31,936

 

 

$

31,686

 

 
Summary of Supplemental Balance Sheet Information for Leases

The following table discloses supplemental balance sheet information for the Company’s leases (in thousands):

 

Leases

 

Consolidated Balance Sheets Location

 

January 31, 2026

 

 

January 31, 2025

 

Assets

 

 

 

 

 

 

 

 

Operating

 

Operating lease right-of-use assets

 

$

67,873

 

 

$

86,009

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

Current:

 

 

 

 

 

 

 

 

Operating

 

Current operating lease liabilities

 

$

20,603

 

 

$

19,263

 

Noncurrent:

 

 

 

 

 

 

 

 

Operating

 

Non-current operating lease liabilities

 

$

58,063

 

 

$

75,508

 

 
Summary of Weighted-Average Remaining Lease Term and Weighted-Average Discount Rate

The following table discloses the weighted average remaining lease term and weighted average discount rate for the Company's leases:

 

Lease Term and Discount Rate

 

January 31, 2026

 

 

January 31, 2025

 

 

January 31, 2024

 

Weighted-average remaining lease term - in years

 

 

 

 

 

 

 

 

 

Operating leases

 

 

5.4

 

 

 

5.8

 

 

 

6.7

 

Weighted-average discount rate:

 

 

 

 

 

 

 

 

 

Operating leases

 

 

4.14

%

 

 

4.13

%

 

 

3.86

%
Schedule of Future Minimum Lease Payments under Topic 842

Future minimum lease payments by year as of January 31, 2026 is as follows (in thousands):

 

Fiscal Year

 

Operating Leases

 

2027

 

$

23,342

 

2028

 

 

16,875

 

2029

 

 

12,845

 

2030

 

 

10,685

 

2031

 

 

7,299

 

Thereafter

 

 

17,132

 

Total lease payments

 

$

88,178

 

Less: Interest

 

 

(9,512

)

Total lease obligations

 

$

78,666

 

 
Schedule of Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows (in thousands):

 

 

Year Ended January 31, 2026

 

 

Year Ended January 31, 2025

 

 

Year Ended January 31, 2024

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

$

22,262

 

 

$

21,679

 

 

$

20,103

 

Leased assets obtained in exchange for new operating lease liabilities

 

 

368

 

 

 

21,463

 

 

 

17,341

 
v3.26.1
Income Taxes (Tables)
 12 Months Ended
Jan. 31, 2026
Income Tax Disclosure [Abstract]  
Schedule of Income/(Loss) before Provision/(Benefit) for Income Taxes

Income/(loss) before provision/(benefit) for income taxes for the fiscal year ended January 31, 2026, 2025 and 2024 on a legal entity basis consists of the following (in thousands):

 

 

 

2026

 

 

2025

 

 

2024

 

U.S. (loss)/ income before taxes

 

$

5,617

 

 

$

(4,974

)

 

$

(3,126

)

Non-U.S. income before taxes

 

 

28,738

 

 

 

31,625

 

 

 

57,093

 

Income before income taxes

 

$

34,355

 

 

$

26,651

 

 

$

53,967

 
Schedule of Provision/(Benefit) for Income Taxes

The provision/(benefit) for income taxes for the fiscal years ended January 31, 2026, 2025 and 2024 consists of the following components (in thousands):

 

 

 

2026

 

 

2025

 

 

2024

 

Current:

 

 

 

 

 

 

 

 

 

U.S. Federal

 

$

2,010

 

 

$

997

 

 

$

165

 

U.S. State and Local

 

 

681

 

 

 

165

 

 

 

201

 

Non-U.S.

 

 

7,623

 

 

 

5,453

 

 

 

11,107

 

 

 

 

10,314

 

 

 

6,615

 

 

 

11,473

 

Deferred:

 

 

 

 

 

 

 

 

 

U.S. Federal

 

 

(733

)

 

 

285

 

 

 

(58

)

U.S. State and Local

 

 

(245

)

 

 

171

 

 

 

1,024

 

Non-U.S.

 

 

(1,849

)

 

 

371

 

 

 

(647

)

 

 

 

(2,827

)

 

 

827

 

 

 

319

 

Provision for income taxes

 

$

7,487

 

 

$

7,442

 

 

$

11,792

 
Schedule of Significant Components of Deferred Income Tax Assets and Liabilities

Significant components of the Company’s deferred income tax assets and liabilities for the fiscal years ended January 31, 2026 and 2025 are as follows (in thousands):

 

 

 

2026 Deferred Taxes

 

 

2025 Deferred Taxes

 

 

 

Assets

 

 

Liabilities

 

 

Assets

 

 

Liabilities

 

Net operating loss carryforwards

 

$

4,519

 

 

$

—

 

 

$

5,351

 

 

$

—

 

Inventory

 

 

1,919

 

 

 

—

 

 

 

1,280

 

 

 

—

 

Unprocessed returns

 

 

1,970

 

 

 

—

 

 

 

1,292

 

 

 

—

 

Receivables allowances

 

 

943

 

 

 

—

 

 

 

656

 

 

 

—

 

Deferred compensation

 

 

20,989

 

 

 

—

 

 

 

17,418

 

 

 

—

 

Depreciation/amortization

 

 

13,356

 

 

 

—

 

 

 

14,039

 

 

 

—

 

Other provisions/accruals

 

 

1,612

 

 

 

—

 

 

 

1,252

 

 

 

—

 

Deferred occupancy costs

 

 

17,276

 

 

 

14,918

 

 

 

19,968

 

 

 

17,678

 

Miscellaneous

 

 

1,852

 

 

 

—

 

 

 

1,204

 

 

 

—

 

 

 

 

64,436

 

 

 

14,918

 

 

 

62,460

 

 

 

17,678

 

Valuation allowance

 

 

(3,744

)

 

 

—

 

 

 

(3,679

)

 

 

—

 

Total deferred tax assets and liabilities

 

$

60,692

 

 

$

14,918

 

 

$

58,781

 

 

$

17,678

 

 
Schedule of Provision/(Benefit) for Income Taxes for Continuing Operations by Applying U.S. Federal Statutory Rate

Beginning with fiscal 2026, the Company adopted ASU 2023-09 "Improvement to Income Tax Disclosures" on a prospective basis. The provision/(benefit) for income taxes for the fiscal year ended January 31, 2026, differs from the U.S. federal statutory rate after the adoption of ASU 2023-09 due to the following (dollars in thousands):

 

 

 

Fiscal Year Ended January 31, 2026

 

 

 

Dollars

 

 

Percent

 

U.S. Federal Statutory Tax Rate

 

$

7,215

 

 

 

21.0

%

State and Local Income Tax, Net of Federal Benefit (a)

 

 

344

 

 

 

1.0

 

Foreign Tax Effects

 

 

 

 

 

 

     Germany

 

 

450

 

 

 

1.3

 

     Hong Kong

 

 

 

 

 

 

         Statutory Rate Difference Between Hong Kong and United States

 

 

(665

)

 

 

(1.9

)

         Other

 

 

(118

)

 

 

(0.3

)

     Switzerland

 

 

(576

)

 

 

(1.7

)

     United Kingdom

 

 

 

 

 

 

         Changes in Valuation Allowances

 

 

392

 

 

 

1.1

 

         Other

 

 

(128

)

 

 

(0.3

)

     Other Foreign Jurisdictions

 

 

355

 

 

 

1.0

 

Effect of Cross-Border Tax Laws

 

 

 

 

 

 

         Foreign-Derived Intangible Income

 

 

(644

)

 

 

(1.9

)

         Other

 

 

16

 

 

 

0.0

 

Tax Credits

 

 

(48

)

 

 

(0.1

)

Nontaxable or Nondeductible Items

 

 

 

 

 

 

     Officer's Compensation

 

 

635

 

 

 

1.8

 

     Other

 

 

286

 

 

 

0.8

 

Changes in Unrecognized Tax Benefits

 

 

90

 

 

 

0.3

 

Other Adjustments

 

 

(117

)

 

 

(0.3

)

Effective Tax Rate

 

$

7,487

 

 

 

21.8

%

 

(a) State taxes in New Jersey made up the majority of the tax effect in this category.

The provision/(benefit) for income taxes for the fiscal years ended January 31, 2025 and 2024 differs from the U.S. federal statutory rate before the adoption of ASU 2023-09 due to the following (in thousands):

 

 

 

Fiscal Year Ended January 31,

 

 

 

2025

 

 

2024

 

Provision for income taxes at the U.S. statutory rate

 

$

5,591

 

 

$

11,333

 

Lower effective non-U.S. income tax rate

 

 

(1,755

)

 

 

(1,984

)

State and local taxes, net of federal benefit

 

 

265

 

 

 

974

 

Valuation allowance

 

 

955

 

 

 

277

 

Compensation and benefits

 

 

668

 

 

 

(48

)

Cross-border tax effects

 

 

1,762

 

 

 

1,032

 

Other, net

 

 

(44

)

 

 

208

 

Total provision for income taxes

 

$

7,442

 

 

$

11,792

 
Schedule of Cash Paid for Income Taxes, Net of Refunds Received

Cash paid for income taxes, net of refunds received, during fiscal 2026 is as follows (in thousands):

 

 

Fiscal Year Ended January 31, 2026

 

U.S. Federal

 

$

6,196

 

U.S. State and Local

 

 

(353

)

Non - U.S:

 

 

 

Hong Kong

 

 

3,150

 

    Switzerland

 

 

(1,311

)

France

 

 

777

 

Other Non-U.S.

 

 

755

 

Income taxes, net of refund received

 

$

9,214

 
Schedule of Reconciliation of Beginning and Ending Amounts of Gross Unrecognized Tax Benefits

A reconciliation of the beginning and ending amounts of gross unrecognized tax benefits (exclusive of interest) for the fiscal years ended January 31, 2026, 2025 and 2024 are as follows (in thousands):

 

 

 

2026

 

 

2025

 

 

2024

 

Beginning balance

 

$

551

 

 

$

547

 

 

$

569

 

Tax positions taken in the current year

 

 

58

 

 

 

48

 

 

 

38

 

Tax positions taken in prior years

 

 

—

 

 

 

—

 

 

 

36

 

Lapse of statute of limitations

 

 

(21

)

 

 

(38

)

 

 

(71

)

Settlements

 

 

—

 

 

 

(1

)

 

 

(25

)

Non-U.S. currency exchange fluctuations

 

 

16

 

 

 

(5

)

 

 

—

 

Ending balance

 

$

604

 

 

$

551

 

 

$

547

 
v3.26.1
Accumulated Other Comprehensive Income (Tables)
 12 Months Ended
Jan. 31, 2026
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Schedule of Component of Accumulated Other Comprehensive Income

The accumulated balances at January 31, 2026, 2025 and 2024, related to each component of accumulated other comprehensive income are as follows (in thousands):

 

 

 

2026

 

 

2025

 

 

2024

 

Foreign currency translation adjustments

 

$

113,972

 

 

$

81,519

 

 

$

93,840

 

Available-for-sale securities

 

 

196

 

 

 

215

 

 

 

169

 

Cash flow hedges

 

 

—

 

 

 

—

 

 

 

43

 

Unrecognized prior service cost related to defined benefit pension plan

 

 

(68

)

 

 

(122

)

 

 

(171

)

Net actuarial loss related to defined benefit pension plan

 

 

(3,486

)

 

 

(1,631

)

 

 

(1,546

)

Total accumulated other comprehensive income

 

$

110,614

 

 

$

79,981

 

 

$

92,335

 
v3.26.1
Revenue (Tables)
 12 Months Ended
Jan. 31, 2026
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).

 

 

 

Fiscal Year Ended January 31, 2026

 

 

Fiscal Year Ended January 31, 2025

 

 

Fiscal Year Ended January 31, 2024

 

Customer Type

 

 

 

 

 

 

 

 

 

Wholesale

 

$

503,925

 

 

$

491,870

 

 

$

496,845

 

Direct to consumer

 

 

164,145

 

 

 

158,153

 

 

 

164,201

 

After-sales service

 

 

3,240

 

 

 

3,355

 

 

 

3,343

 

Net Sales

 

$

671,310

 

 

$

653,378

 

 

$

664,389

 
v3.26.1
Stock-Based Compensation (Tables)
 12 Months Ended
Jan. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Plan

The following table summarizes the Company’s stock option plan as of January 31, 2026 and changes during each of the fiscal years in the three-year period ended January 31, 2026:

 

 

 

Outstanding
 Options

 

 

Weighted
Average
Exercise
Price per
Option

 

 

Option
Price Per
Share

 

 

Weighted
Average
Remaining
Contractual
Term
(years)

 

 

Aggregate
Intrinsic
Value
$(000)

 

Options outstanding at January 31,
   2023 (183,101 options exercisable)

 

 

1,085,029

 

 

$

23.84

 

 

 

 

 

 

 

 

 

 

Granted

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(51,840

)

 

$

13.02

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(19,000

)

 

$

34.13

 

 

 

 

 

 

 

 

 

 

Options outstanding at January 31,
   2024 (662,375 options exercisable)

 

 

1,014,189

 

 

$

24.20

 

 

 

 

 

 

 

 

 

 

Granted

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

Exercised

 

 

(4,000

)

 

$

16.87

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(58,700

)

 

$

42.12

 

 

 

 

 

 

 

 

 

 

Options outstanding at January 31,
   2025 (951,489 options exercisable)

 

 

951,489

 

 

$

23.13

 

 

$12.42-$38.04

 

 

 

5.5

 

 

$

1,775

 

Granted

 

 

—

 

 

 

—

 

 

 

—

 

 

 

 

 

 

 

Exercised

 

 

(30,000

)

 

$

16.87

 

 

$

16.87

 

 

 

 

 

 

 

Forfeited

 

 

(22,140

)

 

$

30.36

 

 

$

30.36

 

 

 

 

 

 

 

Options outstanding at January 31, 2026

 

 

899,349

 

 

$

23.16

 

 

$12.42-$38.04

 

 

 

4.6

 

 

$

3,372

 

Exercisable at January 31, 2026

 

 

899,349

 

 

$

23.16

 

 

 

 

 

 

4.6

 

 

$

3,372

 

Schedule of Information Related to Stock Option Activity

The table below presents information related to stock option activity for the years ended January 31, 2026, 2025 and 2024:

 

 

 

Fiscal Year Ended
January 31,

 

 

 

2026

 

 

2025

 

 

2024

 

 

 

(in thousands)

 

Total fair value of stock options exercised

 

$

163

 

 

$

22

 

 

$

212

 

Total fair value of stock options vested

 

$

2,201

 

 

$

2,117

 

 

$

2,756

 
Schedule of Transactions for Restricted Stock Units Under Plan

Transactions for stock awards under the Plan since fiscal 2023 are summarized as follows:

 

 

 

Number of
Stock Award
Units

 

 

Weighted-
Average Grant
Date Fair Value

 

 

Weighted-
Average
Remaining
Contractual
Term (years)

 

 

Aggregate Intrinsic Value
($(000's)

 

Units outstanding at January 31, 2023

 

 

294,148

 

 

$

28.84

 

 

 

 

 

 

 

Units granted

 

 

300,633

 

 

$

28.60

 

 

 

 

 

 

 

Units vested

 

 

(104,379

)

 

$

22.04

 

 

 

 

 

 

 

Units forfeited

 

 

(4,446

)

 

$

28.78

 

 

 

 

 

 

 

Units outstanding at January 31, 2024

 

 

485,956

 

 

$

30.15

 

 

 

 

 

 

 

Units granted

 

 

311,786

 

 

$

27.78

 

 

 

 

 

 

 

Units vested

 

 

(138,274

)

 

$

28.19

 

 

 

 

 

 

 

Units forfeited

 

 

(2,106

)

 

$

30.70

 

 

 

 

 

 

 

Units outstanding at January 31, 2025

 

 

657,362

 

 

$

29.43

 

 

 

 

 

 

 

Units granted

 

 

508,428

 

 

$

13.53

 

 

 

 

 

 

 

Units vested

 

 

(127,000

)

 

$

34.65

 

 

 

 

 

 

 

Units forfeited

 

 

(44,805

)

 

$

24.13

 

 

 

 

 

 

 

Units outstanding at January 31, 2026

 

 

993,985

 

 

$

20.87

 

 

 

1.3

 

 

$

22,663

 
v3.26.1
Pension and Retirement Savings Plan (Tables)
 12 Months Ended
Jan. 31, 2026
Retirement Benefits [Abstract]  
Components of Net Periodic Pension Costs

The components of the net periodic pension costs for the fiscal years ended January 31, 2026, 2025 and 2024 are as follows:

 

(Amounts in thousands)

 

2026

 

 

2025

 

 

2024

 

Service cost

 

$

1,217

 

 

$

1,146

 

 

$

1,069

 

Interest cost

 

 

372

 

 

 

505

 

 

 

593

 

Expected return on assets

 

 

(1,187

)

 

 

(998

)

 

 

(754

)

Actuarial loss/(gain) recognized due to partial settlement

 

 

470

 

 

 

(114

)

 

 

-

 

Amortization of prior service costs

 

 

68

 

 

 

68

 

 

 

76

 

Net Periodic Pension Cost

 

$

940

 

 

$

607

 

 

$

984

 
Reconciliation of Change in Benefit Obligation, Change in Plan Assets and Net Amount Recognized in Consolidated Balance Sheets

A reconciliation of the change in benefit obligation, the change in plan assets and the net amount recognized in the Consolidated Balance Sheets are shown below (based on a January 31 measurement date):

 

(Amounts in thousands)

 

2026

 

 

2025

 

Change in benefit obligation:

 

 

 

 

 

 

Pension benefit obligation at beginning of period

 

$

34,428

 

 

$

34,424

 

Service cost

 

 

1,217

 

 

 

1,146

 

Interest cost

 

 

372

 

 

 

505

 

Benefits paid

 

 

(4,270

)

 

 

(1,798

)

Employee contributions

 

 

837

 

 

 

887

 

Actuarial losses

 

 

2,948

 

 

 

1,200

 

Foreign currency exchange rate impact

 

 

6,201

 

 

 

(1,936

)

Pension benefit obligation at end of year

 

 

41,733

 

 

 

34,428

 

Change in plan assets:

 

 

 

 

 

 

Fair value of plan assets at beginning of period

 

$

34,313

 

 

$

33,731

 

Company contributions

 

 

1,245

 

 

 

1,333

 

Benefits paid

 

 

(4,270

)

 

 

(1,798

)

Actual return on plan assets

 

 

1,825

 

 

 

2,075

 

Employee contributions

 

 

837

 

 

 

887

 

Foreign currency exchange rate impact

 

 

6,095

 

 

 

(1,915

)

Fair value of plan assets at end of year

 

 

40,045

 

 

 

34,313

 

Funded status - consolidated

 

$

(1,688

)

 

$

(115

)

Amounts recognized in the Consolidated Balance Sheets
   consist of:

 

 

 

 

 

 

Other non-current liabilities

 

 

(1,688

)

 

 

(115

)

Amounts recognized in accumulated other
   comprehensive income/(loss):

 

 

 

 

 

 

Prior service cost

 

 

15

 

 

 

83

 

Net actuarial loss

 

 

4,485

 

 

 

2,145

 

Tax effect

 

 

(946

)

 

 

(475

)

Net amount recognized, after tax

 

$

3,554

 

 

$

1,753

 

Accumulated benefit obligation

 

$

41,423

 

 

$

34,142

 
Weighted Average Assumptions Used to Calculate Benefit Obligations and Net Periodic Pension Cost

The weighted average assumptions that were used to determine the Company’s benefit obligations as of the measurement date (January 31) were as follows:

 

 

 

2026

 

 

2025

 

 

2024

 

Discount rate

 

 

1.00

%

 

 

1.00

%

 

 

1.50

%

Salary progression rate

 

 

1.10

%

 

 

1.10

%

 

 

1.10

%

Expected long-term rate of return on plan assets

 

 

3.25

%

 

 

3.20

%

 

 

3.00

%

The weighted average assumptions that were used to determine the Company’s net periodic pension cost were as follows:

 

 

 

2026

 

 

2025

 

 

2024

 

Discount rate

 

 

1.00

%

 

 

1.50

%

 

 

1.90

%

Salary progression rate

 

 

1.10

%

 

 

1.10

%

 

 

1.10

%

Expected long-term rate of return on plan assets

 

 

3.20

%

 

 

3.00

%

 

 

2.50

%
Schedule of Expected Benefit Payments of Pension Plans

The Company expects the following benefit payments to be paid out for the fiscal years indicated. The expected benefit payments are based on the same assumptions used to measure the Company’s benefit obligation at January 31, 2026 and include estimated future employee service. The Company does not expect any plan assets to be returned to it during the fiscal year ending January 31, 2027. Payments from the pension plan are made from the plan assets.

 

Fiscal Year ending January 31,

 

(in thousands)

 

2027

 

$

715

 

2028

 

 

702

 

2029

 

 

847

 

2030

 

 

1,695

 

2031

 

 

1,952

 

2032-2036

 

 

4,289

 
v3.26.1
Segment and Geographic Information (Tables)
 12 Months Ended
Jan. 31, 2026
Segment Reporting [Abstract]  
Summary of Net Sales in the International Locations

The following table summarizes the Company's net sales in the International locations by region as a percentage of the Company's total net sales for the fiscal years ended 2026, 2025 and 2024.

 

 

Twelve Months Ended January 31,

 

 

 

2026

 

2025

 

2024

 

 

 

 

 

 

 

 

 

Europe

 

 

34.1

%

 

31.0

%

 

30.9

%

Americas (excluding the United States)

 

 

9.7

%

 

9.9

%

 

9.4

%

Asia

 

 

7.0

%

 

8.9

%

 

8.1

%

Middle East

 

 

5.9

%

 

7.6

%

 

7.9

%

Total International Operations

 

 

56.7

%

 

57.4

%

 

56.3

%
Operating Segment Data

Operating Segment Data as of and for the Fiscal Year Ended January 31, (in thousands):

 

 

 

Net Sales

 

 

 

2026

 

 

2025

 

 

2024

 

Watch and Accessory Brands:

 

 

 

 

 

 

 

 

 

Owned brands category

 

$

172,487

 

 

$

183,622

 

 

$

198,612

 

Licensed brands category

 

 

391,398

 

 

 

365,216

 

 

 

354,099

 

After-sales service and all other

 

 

4,381

 

 

 

7,548

 

 

 

7,743

 

Total Watch and Accessory Brands

 

 

568,266

 

 

 

556,386

 

 

 

560,454

 

Company Stores

 

 

103,044

 

 

 

96,992

 

 

 

103,935

 

Consolidated total

 

$

671,310

 

 

$

653,378

 

 

$

664,389

 

 

 

 

 

Watch and Accessory Brands

 

Company Stores

 

Consolidated Total

 

 

Watch and Accessory Brands

 

Company Stores

 

Consolidated Total

 

 

Watch and Accessory Brands

 

Company Stores

 

Consolidated Total

 

 

 

2026

 

2026

 

2026

 

 

2025

 

2025

 

2025

 

 

2024

 

2024

 

2024

 

Net sales

 

$

568,266

 

$

103,044

 

$

671,310

 

 

$

556,386

 

$

96,992

 

$

653,378

 

 

$

560,454

 

$

103,935

 

$

664,389

 

Cost of sales

 

 

266,977

 

 

40,730

 

 

307,707

 

 

 

261,774

 

 

38,464

 

 

300,238

 

 

 

259,269

 

 

40,961

 

 

300,230

 

Gross profit

 

 

301,289

 

 

62,314

 

 

363,603

 

 

 

294,612

 

 

58,528

 

 

353,140

 

 

 

301,185

 

 

62,974

 

 

364,159

 

Selling, general and administrative

 

 

286,286

 

 

47,488

 

 

333,774

 

 

 

286,874

 

 

46,251

 

 

333,125

 

 

 

269,882

 

 

45,807

 

 

315,689

 

Operating income (1) (2)

 

$

15,003

 

$

14,826

 

$

29,829

 

 

$

7,738

 

$

12,277

 

$

20,015

 

 

$

31,303

 

$

17,167

 

$

48,470

 

Other income, net

 

 

 

 

 

 

5,033

 

 

 

 

 

 

 

7,125

 

 

 

 

 

 

 

5,994

 

Interest expense

 

 

 

 

 

 

(507

)

 

 

 

 

 

 

(489

)

 

 

 

 

 

 

(497

)

Income before income taxes

 

 

 

 

 

$

34,355

 

 

 

 

 

 

$

26,651

 

 

 

 

 

 

$

53,967

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

$

7,208

 

$

2,208

 

$

9,416

 

 

$

7,096

 

$

2,216

 

$

9,312

 

 

$

7,266

 

$

2,378

 

$

9,644

 

 

 

 

Total Assets

 

Capital Expenditure

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2024

 

Watch and Accessory Brands

 

$

690,068

 

 

$

668,403

 

 

$

3,194

 

 

$

5,740

 

 

$

7,784

 

Company Stores

 

 

52,553

 

 

 

60,828

 

 

 

1,318

 

 

 

2,226

 

 

 

439

 

Consolidated total

 

$

742,621

 

 

$

729,231

 

 

$

4,512

 

 

$

7,966

 

 

$

8,223

 

 

 

(1)
The operating income in the Watch and Accessory Brands segment included $37.7 million, $30.0 million and $30.8 million of unallocated corporate expenses for the fiscal years ended January 31, 2026, 2025 and 2024, respectively, and $66.4 million, $67.0 million and $71.5 million of certain intercompany profits related to the Company's supply chain operations for the fiscal years ended January 31, 2026, 2025 and 2024, respectively.

 

(2)
The operating income in the Watch and Accessory Brands segment for the fiscal year ended January 31, 2026, included a pre-tax charge of $1.5 million related to the Company's cost-savings initiative and a pre-tax charge of $3.6 million of costs related to the investigation of allegations of misconduct within the Dubai branch of the Company's Swiss subsidiary. The operating income in the Watch and Accessory Brands segment for the fiscal year ended January 31, 2025, included a pre-tax charge of $4.6 million
related to the Company's cost-savings initiative and a pre-tax charge of $2.5 million of costs related to the investigation of allegations of misconduct within the Dubai branch of the Company's Swiss subsidiary.
Geographic Segment Data

Geographic Location Data as of and for the Fiscal Year Ended January 31, (in thousands):

 

 

 

Net Sales (3)

 

 

 

2026

 

 

2025

 

 

2024

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

290,548

 

 

$

278,532

 

 

$

290,256

 

International

 

 

380,762

 

 

 

374,846

 

 

 

374,133

 

Consolidated total

 

$

671,310

 

 

$

653,378

 

 

$

664,389

 

 

United States and International net sales are net of intercompany sales of $269.7 million, $287.6 million and $260.1 million for the fiscal years ended January 31, 2026, 2025 and 2024, respectively.

 

Long-Lived Assets consist of Operating Right-of-Use Assets and Property, Plant and Equipment, Net.

 

 

 

Long-Lived Assets

 

 

Operating Lease Right-of-Use Assets

 

 

Property, Plant and Equipment, Net

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

United States

 

$

62,267

 

 

$

75,160

 

 

$

50,705

 

 

$

61,916

 

 

$

11,562

 

 

$

13,244

 

International

 

 

22,711

 

 

 

30,769

 

 

 

17,168

 

 

 

24,093

 

 

 

5,543

 

 

 

6,676

 

Consolidated total

 

$

84,978

 

 

$

105,929

 

 

$

67,873

 

 

$

86,009

 

 

$

17,105

 

 

$

19,920

 

 
v3.26.1
Significant Accounting Policies - Additional Information (Details)
 12 Months Ended
Jan. 31, 2026
USD ($)
Store
Customer
Supplier
shares
Jan. 31, 2025
USD ($)
Customer
shares
Jan. 31, 2024
USD ($)
Customer
shares
Significant Accounting Policies [Line Items]      
Maturity date 3 months    
Trade receivable net of reserve for expected credit losses, returns and allowances $ 31,700,000 $ 26,100,000  
Trade receivable net of co operative advertising allowances 6,600,000 4,200,000  
Impairment of intangible assets 0 0 $ 0
Long-lived assets, impairment charge $ 0 0 0
Number of Suppliers | Supplier 3    
Marketing expenses $ 130,800,000 146,500,000 129,100,000
Shipping and handling customers charges 671,310,000 653,378,000 664,389,000
Shipping, handling and transportation costs $ 307,707,000 $ 300,238,000 $ 300,230,000
Dilutive common stock equivalents were excluded from the computation of diluted earnings per share | shares 463,000 681,000 682,000
Stock Award Units      
Significant Accounting Policies [Line Items]      
Stock awards cliff-vested period 3 years    
Other Non-Current Assets      
Significant Accounting Policies [Line Items]      
Prepaid advertising cost $ 4,800,000 $ 6,500,000  
Shipping and Handling      
Significant Accounting Policies [Line Items]      
Shipping and handling customers charges 1,700,000 1,600,000 $ 1,800,000
Shipping, handling and transportation costs $ 11,500,000 $ 12,300,000 $ 12,000,000
Minimum      
Significant Accounting Policies [Line Items]      
Warranty period 2 years    
Maximum      
Significant Accounting Policies [Line Items]      
Warranty period 3 years    
Trademarks and Developed Technology      
Significant Accounting Policies [Line Items]      
Intangible Asset, Useful Life 10 years    
E-commerce Retail Customer      
Significant Accounting Policies [Line Items]      
Percentage of net accounts receivable 25.00%    
Customer Concentration Risk | Net Sales      
Significant Accounting Policies [Line Items]      
Number of customer accounted for more than 10% of net sales | Customer 0 0 0
Concentration risk, threshold percentage 10.00% 10.00% 10.00%
Customer Concentration Risk | Net Sales | E-commerce Retail Customer      
Significant Accounting Policies [Line Items]      
Concentration risk, percentage 10.00%    
United States      
Significant Accounting Policies [Line Items]      
Number of outlet stores | Store 53    
Shipping and handling customers charges $ 290,548,000 $ 278,532,000 $ 290,256,000
Canada      
Significant Accounting Policies [Line Items]      
Number of outlet stores | Store 4    
v3.26.1
Significant Accounting Policies - Schedule of Warranty Liability, Included in Accrued Liabilities in Consolidated Balance Sheets and Activity (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Schedule of warranty liability      
Balance, beginning of year $ 1,859 $ 1,910 $ 1,882
Provision charged to operations 1,298 1,440 1,864
Settlements made (1,246) (1,491) (1,836)
Balance, end of year $ 1,911 $ 1,859 $ 1,910
v3.26.1
Significant Accounting Policies - Schedule of Number of Shares Used in Calculating Basic and Diluted Earnings Per Share (Details) - shares
shares in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Weighted average common shares outstanding:      
Basic 22,243 22,268 22,221
Effect of dilutive securities:      
Stock awards and options to purchase shares of common stock 371 335 420
Diluted 22,614 22,603 22,641
v3.26.1
Cost-Savings Initiative - Additional Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Restructuring Cost and Reserve [Line Items]    
Severance and payroll related charges $ 1,500 $ 4,600
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration] Selling, General and Administrative Expense Selling, General and Administrative Expense
Payments for restructuring $ 3,500 $ 1,300
Early lease termination related fees and costs 500  
Remaining restructuring charges included in Accrued payroll and benefits 17,896 $ 7,840
Severance and Employee Related    
Restructuring Cost and Reserve [Line Items]    
Remaining restructuring charges included in Accrued payroll and benefits $ 800  
v3.26.1
Intangible Assets - Summary of Changes in Carrying Amount of Other Intangible Assets (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Acquired Finite Lived Intangible Assets [Line Items]      
Beginning Balance $ 5,537 $ 7,493 $ 9,642
Additions 138 109 144
Amortization (1,991) (1,931) (2,481)
Foreign exchange impact 478 (134) 188
Ending Balance $ 4,162 5,537 7,493
Trade Names      
Acquired Finite Lived Intangible Assets [Line Items]      
Weighted Average Amortization Period (in years) 10 years    
Beginning Balance $ 3,941 5,539 6,903
Additions 0 0 0
Amortization (1,587) (1,535) (1,504)
Foreign exchange impact 267 (63) 140
Ending Balance $ 2,621 3,941 5,539
Customer Relationships      
Acquired Finite Lived Intangible Assets [Line Items]      
Weighted Average Amortization Period (in years) 10 years    
Beginning Balance $ 811 995 1,728
Additions 0 0 0
Amortization (168) (158) (729)
Foreign exchange impact 77 (26) (4)
Ending Balance $ 720 811 995
Other      
Acquired Finite Lived Intangible Assets [Line Items]      
Weighted Average Amortization Period (in years) [1] 10 years    
Beginning Balance [1] $ 785 959 1,011
Additions [1] 138 109 144
Amortization [1] (236) (238) (248)
Foreign exchange impact [1] 134 (45) 52
Ending Balance [1] $ 821 $ 785 $ 959
[1] Other includes fees paid related to trademarks.
v3.26.1
Intangible Assets - Summary of Estimated Future Amortization Expense (Details) - USD ($)
$ in Thousands
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Business Combination [Abstract]        
2027 $ 2,021      
2028 1,232      
2029 494      
2030 109      
2031 108      
Thereafter 198      
Total estimated future amortization expense $ 4,162 $ 5,537 $ 7,493 $ 9,642
v3.26.1
Inventories - Components of Inventories (Details) - USD ($)
$ in Thousands
Jan. 31, 2026
Jan. 31, 2025
Inventory, Net [Abstract]    
Finished goods $ 128,192 $ 129,204
Component parts 27,127 23,905
Work-in-process 3,012 3,629
Inventories $ 158,331 $ 156,738
v3.26.1
Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Details) - USD ($)
$ in Thousands
Jan. 31, 2026
Jan. 31, 2025
Property Plant And Equipment [Line Items]    
Property, plant and equipment, gross $ 123,951 $ 120,098
Less: Accumulated depreciation and amortization (106,846) (100,178)
Property, plant and equipment, net 17,105 19,920
Land and buildings    
Property Plant And Equipment [Line Items]    
Property, plant and equipment, gross $ 1,559 1,323
Property, plant and equipment, Estimated Useful Lives 40 years  
Furniture and equipment    
Property Plant And Equipment [Line Items]    
Property, plant and equipment, gross $ 47,805 46,039
Furniture and equipment | Minimum    
Property Plant And Equipment [Line Items]    
Property, plant and equipment, Estimated Useful Lives 3 years  
Furniture and equipment | Maximum    
Property Plant And Equipment [Line Items]    
Property, plant and equipment, Estimated Useful Lives 7 years  
Computer software    
Property Plant And Equipment [Line Items]    
Property, plant and equipment, gross $ 35,899 34,972
Computer software | Minimum    
Property Plant And Equipment [Line Items]    
Property, plant and equipment, Estimated Useful Lives 5 years  
Computer software | Maximum    
Property Plant And Equipment [Line Items]    
Property, plant and equipment, Estimated Useful Lives 10 years  
Leasehold improvements    
Property Plant And Equipment [Line Items]    
Property, plant and equipment, gross $ 36,834 35,982
Property, Plant, and Equipment, Useful Life, Term, Description [Extensible Enumeration] us-gaap:UsefulLifeShorterOfTermOfLeaseOrAssetUtilityMember  
Design fees and tooling costs    
Property Plant And Equipment [Line Items]    
Property, plant and equipment, gross $ 1,854 $ 1,782
Property, plant and equipment, Estimated Useful Lives 3 years  
v3.26.1
Property, Plant and Equipment - Additional Information (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Property Plant And Equipment [Line Items]      
Depreciation and amortization $ 9,416 $ 9,312 $ 9,644
Amortization expense 1,991 1,931 2,481
Property, Plant and Equipment      
Property Plant And Equipment [Line Items]      
Depreciation and amortization 7,200 7,200 7,000
Computer software      
Property Plant And Equipment [Line Items]      
Depreciation and amortization $ 1,600 $ 2,000 $ 2,000
v3.26.1
Debt and Lines of Credit - Additional Information (Details)
 12 Months Ended
Oct. 12, 2018
USD ($)
Jan. 31, 2026
USD ($)
Bank
Subsidiary
Jan. 31, 2025
USD ($)
Subsidiary
Bank
Jan. 31, 2024
USD ($)
Jan. 31, 2026
CHF (SFr)
Bank
Subsidiary
Jan. 31, 2025
CHF (SFr)
Subsidiary
Bank
Debt Instrument [Line Items]            
Cash paid for interest   $ 300,000 $ 300,000 $ 300,000    
Amortization of debt fees   200,000 200,000 $ 200,000    
Unsecured Debt | Swiss subsidiary            
Debt Instrument [Line Items]            
Line of credit facility, maximum borrowing capacity   8,400,000 7,100,000   SFr 6,500,000 SFr 6,500,000
Outstanding borrowing amount   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      
Line of credit facility remaining borrowing capacity   99,700,000 99,700,000      
Weighted average borrowings amount   $ 0 0      
Revolving Credit Facility | Secured Debt | Credit Agreement Due on October 28, 2026 | SOFR            
Debt Instrument [Line Items]            
Applicable margin rate   1.00%        
Revolving Credit Facility | Secured Debt | Credit Agreement Due on October 28, 2026 | SOFR | Minimum            
Debt Instrument [Line Items]            
Applicable margin rate   1.00%        
Revolving Credit Facility | Secured Debt | Credit Agreement Due on October 28, 2026 | SOFR | Maximum            
Debt Instrument [Line Items]            
Applicable margin rate   1.75%        
Revolving Credit Facility | Secured Debt | Credit Agreement Due on October 28, 2026 | Base Rate            
Debt Instrument [Line Items]            
Applicable margin rate   0.00%        
Revolving Credit Facility | Secured Debt | Credit Agreement Due on October 28, 2026 | Base Rate | Minimum            
Debt Instrument [Line Items]            
Applicable margin rate   0.00%        
Revolving Credit Facility | Secured Debt | Credit Agreement Due on October 28, 2026 | Base Rate | Maximum            
Debt Instrument [Line Items]            
Applicable margin rate   0.75%        
Letter of Credit            
Debt Instrument [Line Items]            
Credit facility matures date   Jun. 01, 2026        
Outstanding borrowing amount   $ 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
Number of foreign subsidiaries under guaranteed obligation | Subsidiary   2 2   2 2
Guaranteed obligations to third parties   $ 1,600,000 $ 1,300,000      
Restricted deposit relates to lease agreement   $ 800,000 $ 700,000      
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          
v3.26.1
Derivative Financial Instruments - Additional Information (Details)
€ in Millions, £ in Millions, SFr in Millions
 12 Months Ended
Jan. 31, 2026
USD ($)
Jan. 31, 2025
USD ($)
Jan. 31, 2026
CHF (SFr)
Jan. 31, 2026
USD ($)
Jan. 31, 2026
EUR (€)
Jan. 31, 2026
GBP (£)
Jan. 31, 2024
USD ($)
Derivatives Fair Value [Line Items]              
Net deferred gains on derivative financial instruments designated as cash flow hedges included in accumulated other comprehensive (loss)/income   $ 0   $ 0     $ 43,000
Reclassify amounts from accumulated other comprehensive income/(loss) to net sales $ (1,700,000) $ 46,000          
Cash flow hedge ineffectiveness $ 0            
Derivatives Not Designated as Hedging Instrument | Foreign Exchange Forward              
Derivatives Fair Value [Line Items]              
Net forward contracts hedging portfolio     SFr 18.0 $ 31,700,000 € 25.7 £ 2.6  
Maximum | Derivatives Not Designated as Hedging Instrument | Foreign Exchange Forward              
Derivatives Fair Value [Line Items]              
Expiry dates ranging May 15, 2026            
v3.26.1
Derivative Financial Instruments - Schedule of Derivative Financial Instruments Included in Consolidated Balance Sheets (Details) - USD ($)
$ in Thousands
Jan. 31, 2026
Jan. 31, 2025
Derivatives Designated As Hedging Instruments    
Derivatives, Fair Value [Line Items]    
Asset Derivatives, Fair Value $ 0 $ 0
Liability Derivatives, Fair Value 0 0
Derivatives Designated As Hedging Instruments | Other Current Assets | Foreign Exchange Contracts    
Derivatives, Fair Value [Line Items]    
Asset Derivatives, Fair Value 0 0
Derivatives Designated As Hedging Instruments | Accrued Liabilities | Foreign Exchange Contracts    
Derivatives, Fair Value [Line Items]    
Liability Derivatives, Fair Value 0 0
Derivatives Not Designated as Hedging Instrument    
Derivatives, Fair Value [Line Items]    
Asset Derivatives, Fair Value 484 13
Liability Derivatives, Fair Value 10 1,111
Derivatives Not Designated as Hedging Instrument | Other Current Assets | Foreign Exchange Contracts    
Derivatives, Fair Value [Line Items]    
Asset Derivatives, Fair Value 484 13
Derivatives Not Designated as Hedging Instrument | Accrued Liabilities | Foreign Exchange Contracts    
Derivatives, Fair Value [Line Items]    
Liability Derivatives, Fair Value $ 10 $ 1,111
v3.26.1
Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Recurring Basis (Details) - Fair Value, Measurements, Recurring - USD ($)
$ in Thousands
Jan. 31, 2026
Jan. 31, 2025
Assets:    
Total assets measured at fair value $ 97,309 $ 88,822
Liabilities:    
Total liabilities measured at fair value 55,749 54,553
Level 1    
Assets:    
Total assets measured at fair value 56,780 54,496
Liabilities:    
Total liabilities measured at fair value 55,739 53,442
Level 2    
Assets:    
Total assets measured at fair value 484 13
Liabilities:    
Total liabilities measured at fair value 10 1,111
Level 3    
Assets:    
Total assets measured at fair value 40,045 34,313
Liabilities:    
Total liabilities measured at fair value 0 0
Other Current Assets | Available-for-sale securities    
Assets:    
Total assets measured at fair value 281 306
Other Current Assets | Short-term investment    
Assets:    
Total assets measured at fair value 153 143
Other Current Assets | Hedge derivatives-Assets    
Assets:    
Total assets measured at fair value 484 13
Other Current Assets | Level 1 | Available-for-sale securities    
Assets:    
Total assets measured at fair value 281 306
Other Current Assets | Level 1 | Short-term investment    
Assets:    
Total assets measured at fair value 153 143
Other Current Assets | Level 1 | Hedge derivatives-Assets    
Assets:    
Total assets measured at fair value 0 0
Other Current Assets | Level 2 | Available-for-sale securities    
Assets:    
Total assets measured at fair value 0 0
Other Current Assets | Level 2 | Short-term investment    
Assets:    
Total assets measured at fair value 0 0
Other Current Assets | Level 2 | Hedge derivatives-Assets    
Assets:    
Total assets measured at fair value 484 13
Other Current Assets | Level 3 | Available-for-sale securities    
Assets:    
Total assets measured at fair value 0 0
Other Current Assets | Level 3 | Short-term investment    
Assets:    
Total assets measured at fair value 0 0
Other Current Assets | Level 3 | Hedge derivatives-Assets    
Assets:    
Total assets measured at fair value 0 0
Other Non-current Assets | SERP assets - employer    
Assets:    
Total assets measured at fair value 607 605
Other Non-current Assets | SERP assets - employee    
Assets:    
Total assets measured at fair value 55,739 53,442
Other Non-current Assets | Level 1 | SERP assets - employer    
Assets:    
Total assets measured at fair value 607 605
Other Non-current Assets | Level 1 | SERP assets - employee    
Assets:    
Total assets measured at fair value 55,739 53,442
Other Non-current Assets | Level 2 | SERP assets - employer    
Assets:    
Total assets measured at fair value 0 0
Other Non-current Assets | Level 2 | SERP assets - employee    
Assets:    
Total assets measured at fair value 0 0
Other Non-current Assets | Level 3 | SERP assets - employer    
Assets:    
Total assets measured at fair value 0 0
Other Non-current Assets | Level 3 | SERP assets - employee    
Assets:    
Total assets measured at fair value 0 0
Other non-current liabilities | SERP liabilities - employee    
Liabilities:    
Total liabilities measured at fair value 55,739 53,442
Other non-current liabilities | Defined Benefit Plan Assets    
Assets:    
Total assets measured at fair value 40,045 34,313
Other non-current liabilities | Level 1 | SERP liabilities - employee    
Liabilities:    
Total liabilities measured at fair value 55,739 53,442
Other non-current liabilities | Level 1 | Defined Benefit Plan Assets    
Assets:    
Total assets measured at fair value 0 0
Other non-current liabilities | Level 2 | SERP liabilities - employee    
Liabilities:    
Total liabilities measured at fair value 0 0
Other non-current liabilities | Level 2 | Defined Benefit Plan Assets    
Assets:    
Total assets measured at fair value 0 0
Other non-current liabilities | Level 3 | SERP liabilities - employee    
Liabilities:    
Total liabilities measured at fair value 0 0
Other non-current liabilities | Level 3 | Defined Benefit Plan Assets    
Assets:    
Total assets measured at fair value 40,045 34,313
Accrued Liabilities | Hedge derivatives-Liabilities    
Liabilities:    
Total liabilities measured at fair value 10 1,111
Accrued Liabilities | Level 1 | Hedge derivatives-Liabilities    
Liabilities:    
Total liabilities measured at fair value 0 0
Accrued Liabilities | Level 2 | Hedge derivatives-Liabilities    
Liabilities:    
Total liabilities measured at fair value 10 1,111
Accrued Liabilities | Level 3 | Hedge derivatives-Liabilities    
Liabilities:    
Total liabilities measured at fair value $ 0 $ 0
v3.26.1
Fair Value Measurements - Additional Information (Details) - USD ($)
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]    
Transfers into level 1 to level 2, assets $ 0  
Transfers into level 2 to level 1, assets 0  
Transfers into level 1 to level 2, liabilities 0  
Transfers into level 2 to level 1, liabilities 0  
Transfers into level 3, assets 0  
Transfers out of level 3, assets 0  
Transfers into level 3, liabilities 0  
Transfers out of level 3, liabilities 0  
Investment in venture capital funds 3,400,000 $ 14,100,000
Non-cash impairment charge 400,000  
Investments $ 500,000  
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.  
v3.26.1
Commitments and Contingencies - Additional Information (Details) - USD ($)
$ in Millions
 1 Months Ended 12 Months Ended
Dec. 31, 2016
Jan. 31, 2026
Jan. 31, 2022
Loss Contingencies [Line Items]      
Amount of minimum commitments related to license agreements and endorsement agreements   $ 269.6  
Long-term purchase commitment, period   6 years  
Outstanding purchase obligations with supplier   $ 92.6  
Commitment funded amount   17.5  
Called upon satisfy capital calls in respect of commitment   $ 4.0  
Underpaid duty charges due to alternative duty methodology $ 5.1    
Maximum      
Loss Contingencies [Line Items]      
Committed investments in venture capital fund     $ 21.5
v3.26.1
Leases - Additional Information (Details)
 12 Months Ended
Jan. 31, 2026
Lessee Lease Description [Line Items]  
Lease, practical expedients, package (Short term leases) true
Minimum  
Lessee Lease Description [Line Items]  
Operating leases, remaining terms 1 year
Operating leases, option to extend true
Maximum  
Lessee Lease Description [Line Items]  
Operating leases, remaining terms 9 years
v3.26.1
Leases - Components of Lease Expense (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Leases [Abstract]      
Operating lease expense $ 22,041 $ 21,919 $ 20,404
Short-term lease cost 561 698 746
Variable lease cost 9,914 9,319 10,536
Total operating lease expense $ 32,516 $ 31,936 $ 31,686
v3.26.1
Leases - Summary of Supplemental Balance Sheet Information for Leases (Details) - USD ($)
$ in Thousands
Jan. 31, 2026
Jan. 31, 2025
ASSETS    
Operating $ 67,873 $ 86,009
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List] Operating Operating
Current liabilities:    
Operating $ 20,603 $ 19,263
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List] Operating Operating
Noncurrent:    
Operating $ 58,063 $ 75,508
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List] Operating Operating
v3.26.1
Leases - Summary of Weighted-Average Remaining Lease Term and Weighted-Average Discount Rate (Details)
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Leases [Abstract]      
Operating leases, Weighted-average remaining lease term 5 years 4 months 24 days 5 years 9 months 18 days 6 years 8 months 12 days
Operating leases, Weighted-average discount rate 4.14% 4.13% 3.86%
v3.26.1
Leases - Schedule of Future Minimum Lease Payments under Topic 842 (Details)
$ in Thousands
Jan. 31, 2026
USD ($)
Operating Leases  
2027 $ 23,342
2028 16,875
2029 12,845
2030 10,685
2031 7,299
Thereafter 17,132
Total lease payments 88,178
Less: Interest (9,512)
Total lease obligations $ 78,666
v3.26.1
Leases - Schedule of Supplemental Cash Flow Information Related to Leases (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Cash paid for amounts included in the measurement of lease liabilities:      
Operating cash flows from operating leases $ 22,262 $ 21,679 $ 20,103
Leased assets obtained in exchange for new operating lease liabilities $ 368 $ 21,463 $ 17,341
v3.26.1
Income Taxes - Schedule of (Loss)/Income before (Benefit)/Provision for Income Taxes (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Income Tax Disclosure [Abstract]      
U.S. (loss)/ income before taxes $ 5,617 $ (4,974) $ (3,126)
Non-U.S. income before taxes 28,738 31,625 57,093
Income before income taxes $ 34,355 $ 26,651 $ 53,967
v3.26.1
Income Taxes - Schedule of Income Taxes (Benefit) Provision for Continuing Operations (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Current:      
U.S. Federal $ 2,010 $ 997 $ 165
U.S. State and Local 681 165 201
Non-U.S. 7,623 5,453 11,107
Total current 10,314 6,615 11,473
Deferred:      
U.S. Federal (733) 285 (58)
U.S. State and Local (245) 171 1,024
Non-U.S. (1,849) 371 (647)
Total deferred (2,827) 827 319
Effective Tax Rate $ 7,487 $ 7,442 $ 11,792
v3.26.1
Income Taxes - Schedule of Significant Components of Deferred Income Tax Assets and Liabilities (Details) - USD ($)
$ in Thousands
Jan. 31, 2026
Jan. 31, 2025
Deferred Taxes Assets    
Net operating loss carryforwards, Assets $ 4,519 $ 5,351
Inventory, Assets 1,919 1,280
Unprocessed returns, Assets 1,970 1,292
Receivables allowances, Assets 943 656
Deferred compensation, Assets 20,989 17,418
Depreciation/amortization, Assets 13,356 14,039
Other provisions/accruals, Assets 1,612 1,252
Deferred occupancy costs, Assets 17,276 19,968
Miscellaneous, Assets 1,852 1,204
Total, Assets 64,436 62,460
Valuation allowance, Assets (3,744) (3,679)
Total deferred tax assets and liabilities 60,692 58,781
Deferred Taxes Liabilities    
Net operating loss carryforwards, Liabilities 0 0
Inventory, Liabilities 0 0
Unprocessed returns, Liabilities 0 0
Receivables allowance, Liabilities 0 0
Deferred compensation, Liabilities 0 0
Depreciation / amortization, Liabilities 0 0
Other provisions / accruals, Liabilities 0 0
Deferred occupancy costs, Liabilities 14,918 17,678
Miscellaneous, Liabilities 0 0
Total, Liabilities 14,918 17,678
Valuation allowance, Liabilities 0 0
Total deferred tax assets and liabilities $ 14,918 $ 17,678
v3.26.1
Income Taxes - Additional Information (Details) - USD ($)
 1 Months Ended 12 Months Ended
Aug. 31, 2022
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Income Tax Contingency [Line Items]        
Cumulative undistributed foreign earnings   $ 6,900,000    
Cash paid for income taxes, net of refunds received   $ 9,214,000 $ 28,400,000 $ 28,700,000
Effective tax rate for continuing operations   21.80% 27.90%  
U.S. Statutory tax rate   21.00% 21.00%  
Minimum tax rate on book income 15.00%      
Unrecognized tax benefits which would impact the Company's effective tax rate   $ 500,000 $ 500,000 500,000
Accrued interest (net of tax benefit) and penalties related to unrecognized tax benefits   300,000 $ 300,000 $ 200,000
Undistributed foreign earnings   253,400,000    
Deferred tax liability, undistributed foreign earnings   0    
State and Local Jurisdiction        
Income Tax Contingency [Line Items]        
Operating Loss carryforwards   700,000    
Foreign Tax Authority        
Income Tax Contingency [Line Items]        
Operating Loss carryforwards   3,900,000    
Operating loss carryforwards, valuation allowance   3,700,000    
China        
Income Tax Contingency [Line Items]        
Operating Loss carryforwards   1,200,000    
Hong Kong        
Income Tax Contingency [Line Items]        
Cash paid for income taxes, net of refunds received   3,900,000    
United Kingdom        
Income Tax Contingency [Line Items]        
Operating Loss carryforwards   $ 1,700,000    
Minimum        
Income Tax Contingency [Line Items]        
Expiration periods   1 year    
Maximum        
Income Tax Contingency [Line Items]        
Expiration periods   10 years    
v3.26.1
Income Taxes - Schedule of Income Taxes (Benefit)/Provision for Continuing Operations by Applying U.S. Federal Statutory Rate (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
U.S. Federal Statutory Tax Rate $ 7,215 $ 5,591 $ 11,333
State and Local Income Tax, Net of Federal Benefit 344 265 974
Foreign Tax Effects   (1,755) (1,984)
Changes in Valuation Allowances   955 277
Compensation and benefits   668 (48)
Other (117)    
Effect of Cross-Border Tax Laws      
Foreign-Derived Intangible Income (644)    
Other 16    
Cross-border tax effects   1,762 1,032
Tax Credits (48)    
Nontaxable or Nondeductible Items      
Officer's Compensation 635    
Other 286    
Changes in Unrecognized Tax Benefits 90    
Other, net   (44) 208
Effective Tax Rate $ 7,487 $ 7,442 $ 11,792
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
U.S. Federal Statutory Tax Rate 21.00% 21.00%  
State and Local Income Tax, Net of Federal Benefit 1.00%    
Other (0.30%)    
Effect of Cross-Border Tax Laws      
Foreign-Derived Intangible Income (1.90%)    
Other 0.00%    
Tax Credits (0.10%)    
Nontaxable or Nondeductible Items      
Officer's Compensation 1.80%    
Other 0.80%    
Changes in Unrecognized Tax Benefits 0.30%    
Effective Tax Rate 21.80% 27.90%  
Other Foreign Jurisdictions      
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Foreign Tax Effects $ 355    
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Foreign Tax Effects 1.00%    
Germany      
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Foreign Tax Effects $ 450    
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Foreign Tax Effects 1.30%    
Hong Kong      
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Foreign Tax Effects $ (665)    
Other $ (118)    
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Foreign Tax Effects (1.90%)    
Other (0.30%)    
Switzerland      
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Foreign Tax Effects $ (576)    
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Foreign Tax Effects (1.70%)    
United Kingdom      
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]      
Changes in Valuation Allowances $ 392    
Other $ (128)    
Effective Income Tax Rate Reconciliation, Percent [Abstract]      
Other (0.30%)    
Changes in Valuation Allowances 1.10%    
v3.26.1
Income Taxes - Schedule of Cash Paid for Income Taxes, Net of Refunds Received (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Income Taxes Disclosure [Line Items]      
U.S. Federal $ 6,196    
U.S. State and Local (353)    
Income taxes, net of refund received 9,214 $ 28,400 $ 28,700
Hong Kong      
Income Taxes Disclosure [Line Items]      
Income Taxes Paid, Non - U.S: 3,150    
Switzerland      
Income Taxes Disclosure [Line Items]      
Income Taxes Paid, Non - U.S: (1,311)    
France      
Income Taxes Disclosure [Line Items]      
Income Taxes Paid, Non - U.S: 777    
Other Non-U.S      
Income Taxes Disclosure [Line Items]      
Income Taxes Paid, Non - U.S: $ 755    
v3.26.1
Income Taxes - Schedule of Reconciliation of Beginning and Ending Amounts of Gross Unrecognized Tax Benefits (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Schedule of reconciliation of beginning and ending amounts of gross unrecognized tax benefits      
Beginning balance $ 551 $ 547 $ 569
Tax positions taken in the current year 58 48 38
Tax positions taken in prior years     36
Lapse of statute of limitations (21) (38) (71)
Settlements 0 (1) (25)
Non-U.S. currency exchange fluctuations 16 (5) 0
Ending balance $ 604 $ 551 $ 547
v3.26.1
Treasury Stock - Additional Information (Details) - USD ($)
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Dec. 05, 2024
Nov. 23, 2021
Equity Class Of Treasury Stock [Line Items]          
Stock repurchase program, total cost of shares repurchased $ 3,900,000 $ 2,628,000 $ 3,116,000    
Surrender of Shares by Employee          
Equity Class Of Treasury Stock [Line Items]          
Stock repurchase program, number of shares repurchased 27,479 42,388 22,034    
December 5, 2024 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 $ 3,900,000        
Stock repurchase program, number of shares repurchased 208,000 0      
Stock repurchase program, average per share price of shares repurchased $ 18.75        
Stock repurchase program, remaining authorized repurchase amount $ 46,100,000        
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 $ 3,100,000    
Stock repurchase program, number of shares repurchased   120,000 111,722    
Stock repurchase program, average per share price of shares repurchased   $ 21.90 $ 27.89    
v3.26.1
Accumulated Other Comprehensive Income - Schedule of Component of Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Thousands
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Accumulated Other Comprehensive Income Loss [Line Items]      
Foreign currency translation adjustments $ 113,972 $ 81,519 $ 93,840
Available-for-sale securities 196 215 169
Cash flow hedges 0 0 43
Unrecognized prior service cost related to defined benefit pension plan (68) (122) (171)
Net actuarial loss related to defined benefit pension plan (3,486) (1,631) (1,546)
Total accumulated other comprehensive income $ 110,614 $ 79,981 $ 92,335
v3.26.1
Accumulated Other Comprehensive Income - Additional Information (Details)
$ in Millions
 12 Months Ended
Jan. 31, 2026
USD ($)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Amount reclassified from accumulated other comprehensive (loss)/income $ (1.7)
v3.26.1
Revenue - Summary of Net Sales Disaggregated by Customer Type (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Disaggregation Of Revenue [Line Items]      
Net sales $ 671,310 $ 653,378 $ 664,389
Wholesale      
Disaggregation Of Revenue [Line Items]      
Net sales 503,925 491,870 496,845
Direct to consumer      
Disaggregation Of Revenue [Line Items]      
Net sales 164,145 158,153 164,201
After-sales service      
Disaggregation Of Revenue [Line Items]      
Net sales $ 3,240 $ 3,355 $ 3,343
v3.26.1
Stock-Based Compensation - Additional Information (Details) - USD ($)
 12 Months Ended
Apr. 04, 2013
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]        
Stock options granted   0 0 0
Compensation expense   $ 100,000 $ 900,000 $ 2,100,000
Unrecognized compensation cost related to unvested stock options   0    
Cash received for stock option exercises   $ 500,000 $ 100,000 $ 700,000
Common stock tendered by employee for withholding tax obligation   27,479 42,388 22,034
Employee's withholding tax obligation   $ 500,000 $ 1,200,000 $ 600,000
Shortfall tax expense on exercises of stock options   $ 100,000    
Non-vested stock options   148,639    
Weighted average grant date fair value   $ 14.81    
Stock Award Units        
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]        
Compensation expense   $ 5,000,000 3,200,000 5,300,000
Weighted-average period   1 year 10 months 24 days    
Unrecognized compensation cost   $ 5,700,000    
Fair value of stock award units vested   4,400,000 3,900,000 2,300,000
Shortfall tax expense on exercises of stock options   500,000    
Fair value of unvested stock award units   $ 20,700,000 $ 19,300,000 $ 14,700,000
Performance-Based Stock Awards | Minimum        
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]        
Number of shares issued percentage of target number of underlying stock award units   0.00%    
Performance-Based Stock Awards | Maximum        
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]        
Number of shares issued percentage of target number of underlying stock award units   200.00%    
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      
v3.26.1
Stock-Based Compensation - Schedule of Stock Option Plan (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Schedule of stock option plan      
Outstanding Option Beginning Balance 951,489 1,014,189 1,085,029
Granted 0 0 0
Exercised (30,000) (4,000) (51,840)
Forfeited (22,140) (58,700) (19,000)
Outstanding Option Ending Balance 899,349 951,489 1,014,189
Exercisable 899,349 951,489 662,375
Weighted Average Exercise Price per Option, Beginning Balance $ 23.13 $ 24.20 $ 23.84
Granted, Weighted Average Exercise Price per Option 0 0 0
Exercised. Weighted Average Exercise Price per Option 16.87 16.87 13.02
Forfeited, Weighted Average Exercise Price per Option 30.36 42.12 34.13
Weighted Average Exercise Price per Option, Ending Balance 23.16 $ 23.13 $ 24.20
Exercisable, Weighted Average Exercise Price per Option 23.16    
Option Price Per Share, Granted 0    
Option Price Per Share, Exercised 16.87    
Option Price Per Share, Forfeited $ 30.36    
Options outstanding, Weighted Average Remaining Contractual Term (years) 4 years 7 months 6 days 5 years 6 months  
Exercisable, Weighted Average Remaining Contractual Term (years) 4 years 7 months 6 days    
Options outstanding, Aggregate Intrinsic Value $ 3,372 $ 1,775  
Exercisable, Aggregate Intrinsic Value $ 3,372    
Minimum      
Schedule of stock option plan      
Option Price Per Share, Beginning Balance $ 12.42    
Option Price Per Share, Ending Balance 12.42 $ 12.42  
Maximum      
Schedule of stock option plan      
Option Price Per Share, Beginning Balance 38.04    
Option Price Per Share, Ending Balance $ 38.04 $ 38.04  
v3.26.1
Stock-Based Compensation - Schedule of Stock Option Plan (Parenthetical) (Details) - shares
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2023
Share-Based Payment Arrangement [Abstract]        
Exercisable 899,349 951,489 662,375 183,101
v3.26.1
Stock-Based Compensation - Schedule of Information Related to Stock Option Activity (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Share-Based Payment Arrangement [Abstract]      
Total fair value of stock options exercised $ 163 $ 22 $ 212
Total fair value of stock options vested $ 2,201 $ 2,117 $ 2,756
v3.26.1
Stock-Based Compensation - Schedule of Transactions for Restricted Stock Units Under Plan (Details) - Stock Award Units - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Number of Stock Award Units      
Stock Award Units, Beginning Balance 657,362 485,956 294,148
Units granted 508,428 311,786 300,633
Units vested (127,000) (138,274) (104,379)
Units forfeited (44,805) (2,106) (4,446)
Stock Award Units, Ending Balance 993,985 657,362 485,956
Weighted Average Grant Date Fair Value      
Weighted Average Grant Date Fair Value, Beginning Balance $ 29.43 $ 30.15 $ 28.84
Units granted, Weighted Average Grant Date Fair Value 13.53 27.78 28.60
Units vested, Weighted Average Grant Date Fair Value 34.65 28.19 22.04
Units forfeited, Weighted Average Grant Date Fair Value 24.13 30.70 28.78
Weighted Average Grant Date Fair Value Ending Balance $ 20.87 $ 29.43 $ 30.15
Weighted-Average Remaining Contractual Term (years)      
Units outstanding, Weighted-Average Remaining Contractual Term (years) 1 year 3 months 18 days    
Aggregate Intrinsic Value      
Units outstanding, Aggregate Intrinsic Value $ 22,663    
v3.26.1
Pension and Retirement Savings Plan - Additional Information (Details) - USD ($)
$ in Millions
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Defined Benefit Plan Disclosure [Line Items]      
Contributions and expenses of administering the other defined contribution plans $ 0.9 $ 1.0 $ 1.2
Estimated prior service cost and actuarial loss to be amortized in next fiscal year from accumulated other comprehensive income into net periodic pension cost 0.1    
Defined benefit plan prior service credit     $ 0.1
Defined benefit plan prior service credit amortized period     5 years 4 months 24 days
Swiss      
Defined Benefit Plan Disclosure [Line Items]      
Expected future contribution to defined benefit plan $ 1.3    
SERP      
Defined Benefit Plan Disclosure [Line Items]      
Defined contribution plan employers matching contribution, vesting period 5 years    
Company's contribution to defined contribution plans $ 0.5 0.6 $ 0.8
Defined contribution plan, description The Company makes a matching contribution, up to either 5% or 10% of the executive’s salary, which vests in equal annual installments over five years.    
SERP | Common Stock      
Defined Benefit Plan Disclosure [Line Items]      
Percentage of company's matching contribution with respect to each participant's contribution 20.00%    
401(k) Savings Plan      
Defined Benefit Plan Disclosure [Line Items]      
Percentage of company's matching contribution with respect to each participant's contribution 50.00%    
Percentage of matching contribution with respect to each participant's contribution 1.00%    
Maximum percentage contribution by employee 8.00%    
Percentage of company's maximum matching contribution 4.00%    
Defined contribution plan employers matching contribution, vesting period 3 years    
Company's contribution to defined contribution plans $ 1.4 $ 1.5 $ 1.6
v3.26.1
Pension and Retirement Savings Plan - Components of Net Periodic Pension Costs (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]      
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration] Selling, General and Administrative Expense Selling, General and Administrative Expense Selling, General and Administrative Expense
Service cost $ 1,217 $ 1,146 $ 1,069
Interest cost 372 505 593
Expected return on assets (1,187) (998) (754)
Actuarial loss/(gain) recognized due to partial settlement 470 (114) 0
Amortization of prior service costs 68 68 76
Net Periodic Pension Cost $ 940 $ 607 $ 984
v3.26.1
Pension and Retirement Savings Plan - Reconciliation of Change in Benefit Obligation, Change in Plan Assets and Net Amount Recognized in Consolidated Balance Sheets (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Change in benefit obligation:      
Pension benefit obligation at beginning of period $ 34,428 $ 34,424  
Service cost 1,217 1,146 $ 1,069
Interest cost 372 505 593
Benefits paid (4,270) (1,798)  
Employee contributions 837 887  
Actuarial losses 2,948 1,200  
Foreign currency exchange rate impact 6,201 (1,936)  
Pension benefit obligation at end of year 41,733 34,428 34,424
Change in plan assets:      
Fair value of plan assets at beginning of period 34,313 33,731  
Company contributions 1,245 1,333  
Benefits paid (4,270) (1,798)  
Actual return on plan assets 1,825 2,075  
Employee contributions 837 887  
Foreign currency exchange rate impact 6,095 (1,915)  
Fair value of plan assets at end of year 40,045 34,313 $ 33,731
Funded status - consolidated (1,688) (115)  
Amounts recognized in the Consolidated Balance Sheets consist of:      
Other non-current liabilities (1,688) (115)  
Amounts recognized in accumulated other comprehensive income/(loss):      
Prior service cost 15 83  
Net actuarial loss 4,485 2,145  
Tax effect (946) (475)  
Net amount recognized, after tax 3,554 1,753  
Accumulated benefit obligation $ 41,423 $ 34,142  
v3.26.1
Pension and Retirement Savings Plan - Weighted Average Assumptions Used to Calculate Benefit Obligations (Details)
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]      
Discount rate 1.00% 1.00% 1.50%
Salary progression rate 1.10% 1.10% 1.10%
Expected long-term rate of return on plan assets 3.25% 3.20% 3.00%
v3.26.1
Pension and Retirement Savings Plan - Weighted Average Assumptions Used to Calculate Net Periodic Pension Cost (Details)
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]      
Discount rate 1.00% 1.50% 1.90%
Salary progression rate 1.10% 1.10% 1.10%
Expected long-term rate of return on plan assets 3.20% 3.00% 2.50%
v3.26.1
Pension and Retirement Savings Plan - Schedule of Expected Benefit Payments of Pension Plans (Details)
$ in Thousands
Jan. 31, 2026
USD ($)
Defined Benefit Plan, Expected Future Benefit Payment [Abstract]  
2027 $ 715
2028 702
2029 847
2030 1,695
2031 1,952
2032-2036 $ 4,289
v3.26.1
Segment and Geographic Information - Additional Information (Details)
 12 Months Ended
Jan. 31, 2026
Location
Segment
Segment Reporting Information [Line Items]  
Number of operating segments 2
Number of reportable segments 2
Number of geographic locations | Location 2
Segment Reporting, CODM, Individual Title and Position or Group Name [Extensible Enumeration] srt:ChiefExecutiveOfficerMember
Segment reporting, expense information used by CODM, description CODM evaluates operating results based on gross profit, defined as net sales less cost of sales, and operating income, defined as gross profit less selling, general and administrative expenses.
Segment reporting, CODM, profit (loss) measure, how used, description The CODM uses gross profit and operating income in the budgeting and forecasting process. The CODM considers budget-to-current forecast and prior forecast-to-current forecast variances for gross profit and operating income for evaluating performance of the segments and making decisions about allocating capital and other resources to each segment.
v3.26.1
Segment and Geographic Information - Summary of Net Sales in the International Locations (Details) - Geographic Concentration Risk - Total net sales
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Europe      
Segment Reporting Information [Line Items]      
International Operations Contribution 34.10% 31.00% 30.90%
Americas (excluding the United States)      
Segment Reporting Information [Line Items]      
International Operations Contribution 9.70% 9.90% 9.40%
Asia      
Segment Reporting Information [Line Items]      
International Operations Contribution 7.00% 8.90% 8.10%
Middle East      
Segment Reporting Information [Line Items]      
International Operations Contribution 5.90% 7.60% 7.90%
International Operations      
Segment Reporting Information [Line Items]      
International Operations Contribution 56.70% 57.40% 56.30%
v3.26.1
Segment and Geographic Information - Operating Segment Data (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Operating segment data      
Net sales $ 671,310 $ 653,378 $ 664,389
Cost of sales 307,707 300,238 300,230
Gross profit 363,603 353,140 364,159
Selling, general and administrative 333,774 333,125 315,689
Operating income [1],[2] 29,829 20,015 48,470
Other income, net 5,033 7,125 5,994
Interest expense (507) (489) (497)
Income before income taxes 34,355 26,651 53,967
Depreciation and amortization 9,416 9,312 9,644
Total Assets 742,621 729,231  
Capital Expenditure 4,512 7,966 8,223
Watch and Accessory Brands      
Operating segment data      
Net sales 568,266 556,386 560,454
Cost of sales 266,977 261,774 259,269
Gross profit 301,289 294,612 301,185
Selling, general and administrative 286,286 286,874 269,882
Operating income [1],[2] 15,003 7,738 31,303
Depreciation and amortization 7,208 7,096 7,266
Total Assets 690,068 668,403  
Capital Expenditure 3,194 5,740 7,784
Watch and Accessory Brands | Operating Segments      
Operating segment data      
Net sales 568,266 556,386 560,454
Watch and Accessory Brands | Owned brands category      
Operating segment data      
Net sales 172,487 183,622 198,612
Watch and Accessory Brands | Licensed brands category      
Operating segment data      
Net sales 391,398 365,216 354,099
Watch and Accessory Brands | After-sales service and all other      
Operating segment data      
Net sales 4,381 7,548 7,743
Company Stores      
Operating segment data      
Net sales 103,044 96,992 103,935
Cost of sales 40,730 38,464 40,961
Gross profit 62,314 58,528 62,974
Selling, general and administrative 47,488 46,251 45,807
Operating income [1],[2] 14,826 12,277 17,167
Depreciation and amortization 2,208 2,216 2,378
Total Assets 52,553 60,828  
Capital Expenditure $ 1,318 $ 2,226 $ 439
[1] The operating income in the Watch and Accessory Brands segment for the fiscal year ended January 31, 2026, included a pre-tax charge of $1.5 million related to the Company's cost-savings initiative and a pre-tax charge of $3.6 million of costs related to the investigation of allegations of misconduct within the Dubai branch of the Company's Swiss subsidiary. The operating income in the Watch and Accessory Brands segment for the fiscal year ended January 31, 2025, included a pre-tax charge of $4.6 million related to the Company's cost-savings initiative and a pre-tax charge of $2.5 million of costs related to the investigation of allegations of misconduct within the Dubai branch of the Company's Swiss subsidiary.
[2] The operating income in the Watch and Accessory Brands segment included $37.7 million, $30.0 million and $30.8 million of unallocated corporate expenses for the fiscal years ended January 31, 2026, 2025 and 2024, respectively, and $66.4 million, $67.0 million and $71.5 million of certain intercompany profits related to the Company's supply chain operations for the fiscal years ended January 31, 2026, 2025 and 2024, respectively.
v3.26.1
Segment and Geographic Information - Operating Segment Data (Parenthetical) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Segment Reporting Information [Line Items]      
Pre-tax charge $ 1,500 $ 4,600  
Net sales 671,310 653,378 $ 664,389
Intersegment Eliminations      
Segment Reporting Information [Line Items]      
Net sales 269,700 287,600 260,100
Watch and Accessory Brands      
Segment Reporting Information [Line Items]      
Pre-tax charge 1,500 4,600  
Net sales 568,266 556,386 560,454
Unallocated corporate expenses 37,700 30,000 30,800
Profits related to the company's supply chain operations 66,400 67,000 71,500
Watch and Accessory Brands | Operating Segments      
Segment Reporting Information [Line Items]      
Net sales 568,266 556,386 560,454
United States      
Segment Reporting Information [Line Items]      
Net sales 290,548 278,532 290,256
International      
Segment Reporting Information [Line Items]      
Net sales 380,762 374,846 $ 374,133
International | Watch and Accessory Brands      
Segment Reporting Information [Line Items]      
Pre-tax charge $ 3,600 $ 2,500  
v3.26.1
Segment and Geographic Information - Geographic Location Data (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Revenues From External Customers And Long Lived Assets [Line Items]      
Net sales $ 671,310 $ 653,378 $ 664,389
Long-Lived Assets 84,978 105,929  
Operating Lease Right-of-Use Assets 67,873 86,009  
Property, Plant and Equipment, Net 17,105 19,920  
United States      
Revenues From External Customers And Long Lived Assets [Line Items]      
Net sales 290,548 278,532 290,256
Long-Lived Assets 62,267 75,160  
Operating Lease Right-of-Use Assets 50,705 61,916  
Property, Plant and Equipment, Net 11,562 13,244  
International      
Revenues From External Customers And Long Lived Assets [Line Items]      
Net sales 380,762 374,846 $ 374,133
Long-Lived Assets 22,711 30,769  
Operating Lease Right-of-Use Assets 17,168 24,093  
Property, Plant and Equipment, Net $ 5,543 $ 6,676  
v3.26.1
Subsequent Event - Additional Information (Details)
$ in Millions
 12 Months Ended
Jan. 31, 2026
USD ($)
Subsequent Event [Line Items]  
Tariffs paid $ 8.7
Tariffs incurred 12.7
Inventory  
Subsequent Event [Line Items]  
Tariffs incurred 3.1
Cost of Sales  
Subsequent Event [Line Items]  
Tariffs incurred $ 9.6
v3.26.1
Valuation and Qualifying Accounts (Details) - USD ($)
$ in Thousands
 12 Months Ended
Jan. 31, 2026
Jan. 31, 2025
Jan. 31, 2024
Valuation and qualifying accounts and reserves      
Balance at beginning of year $ 29,780 $ 26,212 $ 30,599
Net provision/(benefit) recognized in earnings 51,350 59,504 51,732
Foreign currency 1,594 (810) 308
Utilization/write-offs (47,246) (55,126) (56,427)
Balance at end of year 35,478 29,780 26,212
Allowance for Expected Credit Losses      
Valuation and qualifying accounts and reserves      
Balance at beginning of year 3,091 3,266 4,977
Net provision/(benefit) recognized in earnings 1,603 261 1,375
Foreign currency 241 (78) 173
Utilization/write-offs (183) (358) (3,259) [1]
Balance at end of year 4,752 3,091 3,266
Returns      
Valuation and qualifying accounts and reserves      
Balance at beginning of year 17,069 12,773 13,087
Net provision/(benefit) recognized in earnings 24,538 33,457 30,515
Foreign currency 660 (456) 216
Utilization/write-offs (27,508) (28,705) (31,045)
Balance at end of year 14,759 17,069 12,773
Other Sales Allowances      
Valuation and qualifying accounts and reserves      
Balance at beginning of year 5,941 6,875 8,494
Net provision/(benefit) recognized in earnings 25,013 25,150 19,470
Foreign currency 387 (185) 104
Utilization/write-offs (19,118) (25,899) (21,193)
Balance at end of year 12,223 5,941 6,875
Deferred Tax Asset Valuation Allowance      
Valuation and qualifying accounts and reserves      
Balance at beginning of year 3,679 3,298 4,041
Net provision/(benefit) recognized in earnings 196 636 372
Foreign currency 306 (91) (185)
Utilization/write-offs (437) (164) (930)
Balance at end of year $ 3,744 $ 3,679 $ 3,298
[1] Activity in fiscal year 2024 includes approximately $2.5 million of write-offs associated with a fully reserved non-current asset that occurred in fiscal year 2022.
v3.26.1
Valuation and Qualifying Accounts (Parenthetical) (Details)
$ in Millions
 12 Months Ended
Jan. 31, 2024
USD ($)
Allowance for Expected Credit Losses  
SEC Schedule, 12-09, Valuation and Qualifying Accounts Disclosure [Line Items]  
Write-off's associated with fully reserved non-current asset $ 2.5