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Financial Statement Policies (Tables) | 6 Months Ended
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Jul. 02, 2011
Financial Statement Policies |
Fair Value on a Recurring Basis |
|  | Fair Value at July 2, 2011 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investments in bonds |  | $ | 7,974 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 7,974 |
Investment in publicly traded equity securities |  |  | 756 |  |  |  | 0 |  |  |  | 0 |  |  |  | 756 |
Foreign exchange forward contracts |  |  | 0 |  |  |  | 85 |  |  |  | 0 |  |  |  | 85 |
Deferred compensation plan assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in publicly traded mutual funds |  |  | 3,414 |  |  |  | 0 |  |  |  | 0 |  |  |  | 3,414 |
Total |  | $ | 12,144 |  |  | $ | 85 |  |  | $ | 0 |  |  | $ | 12,229 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | $ | 0 |  |  | $ | 16,475 |  |  | $ | 0 |  |  | $ | 16,475 |
Total |  | $ | 0 |  |  | $ | 16,475 |  |  | $ | 0 |  |  | $ | 16,475 |
|  | Fair Value at January 1, 2011 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Securities available for sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investments in bonds |  | $ | 7,705 |  |  | $ | 0 |  |  | $ | 0 |  |  | $ | 7,705 |
Investment in publicly traded equity securities |  |  | 1,159 |  |  |  | 0 |  |  |  | 0 |  |  |  | 1,159 |
Foreign exchange forward contracts |  |  | 0 |  |  |  | 1,628 |  |  |  | 0 |  |  |  | 1,628 |
Deferred compensation plan assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment in publicly traded mutual funds |  |  | 3,295 |  |  |  | 0 |  |  |  | 0 |  |  |  | 3,295 |
Total |  | $ | 12,159 |  |  | $ | 1,628 |  |  | $ | 0 |  |  | $ | 13,787 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange forward contracts |  | $ | 0 |  |  | $ | 10,222 |  |  | $ | 0 |  |  | $ | 10,222 |
Total |  | $ | 0 |  |  | $ | 10,222 |  |  | $ | 0 |  |  | $ | 10,222 |
Earnings Per Share ("EPS") |
|  | For the 13 Weeks Ended |  |  | For the 26 Weeks Ended |
|  | July 2, 2011 |  |  | July 3, 2010 |  |  | July 2, 2011 |  |  | July 3, 2010 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to Fossil, Inc. |  | $ | 51,361 |  |  | $ | 54,485 |  |  | $ | 107,182 |  |  | $ | 90,392 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic EPS computation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted average common shares outstanding |  |  | 63,411 |  |  |  | 67,446 |  |  |  | 63,743 |  |  |  | 67,235 |
Basic EPS |  | $ | 0.81 |  |  | $ | 0.81 |  |  | $ | 1.68 |  |  | $ | 1.34 |
Diluted EPS computation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic weighted average common shares outstanding |  |  | 63,411 |  |  |  | 67,446 |  |  |  | 63,743 |  |  |  | 67,235 |
Stock options, stock appreciation rights and restricted stock units |  |  | 713 |  |  |  | 832 |  |  |  | 734 |  |  |  | 876 |
Diluted weighted average common shares outstanding |  |  | 64,124 |  |  |  | 68,278 |  |  |  | 64,477 |  |  |  | 68,111 |
Diluted EPS |  | $ | 0.80 |  |  | $ | 0.80 |  |  | $ | 1.66 |  |  | $ | 1.33 |
Goodwill |
|  | North America Wholesale |  |  | Europe Wholesale |  |  | Asia Pacific Wholesale |  |  | Direct to Consumer |  |  | Total |
Balance at January 1, 2011 |  | $ | 23,838 |  |  | $ | 18,120 |  |  | $ | 2,614 |  |  | $ | 0 |  |  | $ | 44,572 |
Foreign currency changes |  |  | 129 |  |  |  | 1,236 |  |  |  | 23 |  |  |  | 0 |  |  |  | 1,388 |
Balance at July 2, 2011 |  | $ | 23,967 |  |  | $ | 19,356 |  |  | $ | 2,637 |  |  | $ | 0 |  |  | $ | 45,960 |

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19190-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 32 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 157 -Paragraph 6 -Footnote 4 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of the numerators and the denominators of the basic and diluted per-share (or per-unit) computations for income from continuing operations, including the effect that has been given to preferred dividends. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 260 -SubTopic 10 -Publisher FASB -Number -Article -Subparagraph (a) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of goodwill by reportable segment and in total. Disclosure details may include, but are not limited to, the carrying amount of goodwill, goodwill acquired during the year, goodwill impairment losses recognized, goodwill written-off due to the sale of a business unit, goodwill not yet allocated, and any other changes to goodwill. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6905597&loc=d3e13854-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6905597&loc=d3e13816-109267 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 45 -Subparagraph c -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 45 -Subparagraph e -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 47 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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