The Company presents net income attributable to Movado Group, Inc. after adjusting for noncontrolling interests, as applicable, per share on a basic and diluted basis. Basic earnings per share is computed using weighted-average shares outstanding during the period. Diluted earnings per share is computed using the weighted-average number of shares outstanding adjusted for dilutive common stock equivalents.

The number of shares used in calculating basic and diluted earnings per share is as follows (in thousands):


	Three Months Ended April 30,
	2026		2025
Weighted average common shares outstanding:
Basic		22,191		22,267
Effect of dilutive securities:
Stock awards and options to purchase shares of common stock		635		232
Diluted		22,826		22,499

For the three months ended April 30, 2026 and 2025, approximately 0.5 million and 0.8 million, respectively, of potentially dilutive common stock equivalents were excluded from the computation of diluted earnings per share because their effect would have been antidilutive.

During the three months ended April 30, 2026, the Company declared and paid a cash dividend of $0.35 per share for $7.7 million. During the three months ended April 30, 2025, the Company declared a cash dividend of $0.35 per share for $7.8 million, that was payable on May 6, 2025.