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Condensed Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jul. 02, 2011
Jul. 03, 2010
Jul. 02, 2011
Jul. 03, 2010
Condensed Consolidated Statements of Income and Comprehensive Income        
Net sales $ 556,661 $ 412,560 $ 1,093,635 $ 805,789
Cost of sales 244,685 175,675 479,847 349,485
Gross profit 311,976 236,885 613,788 456,304
Operating expenses:        
Selling and distribution 164,606 129,192 322,990 254,047
General and administrative 61,108 43,347 111,980 86,648
Total operating expenses 225,714 172,539 434,970 340,695
Operating income 86,262 64,346 178,818 115,609
Interest expense 649 59 874 117
Other (expense) income - net (3,925) 237 (6,998) 2,771
Income before income taxes 81,688 64,524 170,946 118,263
Provision for income taxes 27,657 7,965 58,850 24,008
Net income 54,031 56,559 112,096 94,255
Less: Net income attributable to noncontrolling interest 2,670 2,074 4,914 3,863
Net income attributable to Fossil, Inc. 51,361 54,485 107,182 90,392
Other comprehensive income (loss), net of taxes:        
Currency translation adjustment 10,581 (17,211) 29,907 (35,191)
Unrealized gain (loss) on securities available for sale 188 114 (248) 298
Forward contracts hedging intercompany foreign currency payments - change in fair values (2,023) 3,861 (6,870) 9,457
Total comprehensive income 62,777 43,323 134,885 68,819
Less: Comprehensive income attributable to noncontrolling interest 2,670 2,062 4,914 3,842
Comprehensive income attributable to Fossil, Inc. $ 60,107 $ 41,261 $ 129,971 $ 64,977
Earnings per share:        
Basic $ 0.81 $ 0.81 $ 1.68 $ 1.34
Diluted $ 0.80 $ 0.80 $ 1.66 $ 1.33
Weighted average common shares outstanding:        
Basic 63,411 67,446 63,743 67,235
Diluted 64,124 68,278 64,477 68,111