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Financial Statement Policies (Tables)

6 Months Ended

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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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).

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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.

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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.

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