MOVADO GROUP, INC. Note 2. Inventories Note 3. Plant, Property and Equipment Note 4. Bank Credit Arrangements and Lines of Credit 46 Plant, property and equipment at January 31, at cost, consisted of the following  (in thousands): Depreciation and amortization for fiscal 2001, 2000 and 1999 was $5,732,000, $4,701,000 and $4,820,000, respectively. The Company’s revolving credit facility with its domestic bank group was entered into in June 2000 to provide for a three-year $100.0 million unsecured revolving line of credit which replaced a three-year $90.0 million unsecured facility dated July 1997. In addition, certain members within the bank group provided for $15.0 million and $31.6 million of uncommitted working capital lines of credit at January 31, 2001 and 2000, respectively. The renewed bank credit agreement provides for various rate options including the federal funds rate plus a fixed rate, the prime rate or a fixed rate plus the LIBOR rate. The Company pays a facility fee on the unused portion of the credit facility. The agreement also contains certain financial covenants including an interest coverage ratio and certain restrictions that limit the Company on the sale, transfer or distribution of corporate assets, including dividends and limit the amount of debt outstanding. The Company was in  compliance with these restrictions and covenants at January 31, 2001 and 2000. The domestic unused line of credit was $106.2 million and $108.1 million at January 31, 2001 and 2000, respectively. Inventories consist of the following (in thousands): January 31, 2001 2000 Finished goods $60,909 $50,565 Component parts 30,942 25,473 Work-in-process 4,012 1,037 $95,863 $77,075 2001 2000 Furniture and equipment $44,705 $40,820 Leasehold improvements 15,579 11,026 60,284 51,846 Less: accumulated depreciation (27,378) (24,253) $32,906 $27,593