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Selected Quarterly Financial Data | 12 Months Ended
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Dec. 31, 2011
Selected Quarterly Financial Data [Abstract] |
Selected Quarterly Financial Data | 18. Selected Quarterly Financial Data (Unaudited) The following is a summary of the Company's unaudited quarterly financial information for fiscal years 2011 and 2010 (in thousands, except per share data):
Fiscal Year 2011 |  | 1st Qtr |  |  | 2nd Qtr |  |  | 3rd Qtr |  |  | 4th Qtr |
Net sales |  | $ | 536,975 |  |  | $ | 556,661 |  |  | $ | 642,910 |  |  | $ | 830,756 |
Gross profit |  |  | 301,812 |  |  |  | 311,976 |  |  |  | 359,529 |  |  |  | 465,869 |
Operating expenses |  |  | 209,256 |  |  |  | 225,714 |  |  |  | 240,720 |  |  |  | 291,505 |
Operating income |  |  | 92,556 |  |  |  | 86,262 |  |  |  | 118,809 |  |  |  | 174,364 |
Income before income taxes |  |  | 89,258 |  |  |  | 81,688 |  |  |  | 111,811 |  |  |  | 168,803 |
Provision for income taxes |  |  | 31,192 |  |  |  | 27,657 |  |  |  | 39,307 |  |  |  | 46,001 |
Net income |  |  | 58,066 |  |  |  | 54,031 |  |  |  | 72,504 |  |  |  | 122,802 |
Net income attributable to noncontrolling interest |  |  | 2,244 |  |  |  | 2,670 |  |  |  | 2,895 |  |  |  | 4,891 |
Net income attributable to Fossil, Inc. |  |  | 55,822 |  |  |  | 51,361 |  |  |  | 69,609 |  |  |  | 117,911 |
Comprehensive income |  |  | 72,109 |  |  |  | 62,777 |  |  |  | 58,068 |  |  |  | 117,210 |
Comprehensive income attributable to noncontrolling interest |  |  | 2,244 |  |  |  | 2,670 |  |  |  | 2,895 |  |  |  | 4,891 |
Comprehensive income attributable to Fossil, Inc. |  |  | 69,865 |  |  |  | 60,107 |  |  |  | 55,173 |  |  |  | 112,319 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 0.87 |  |  |  | 0.81 |  |  |  | 1.10 |  |  |  | 1.88 |
Diluted |  |  | 0.86 |  |  |  | 0.80 |  |  |  | 1.09 |  |  |  | 1.87 |
Gross profit as a percentage of net sales |  |  | 56.2 | % |  |  | 56.0 | % |  |  | 55.9 | % |  |  | 56.1 | %
Operating expenses as a percentage of net sales |  |  | 39.0 | % |  |  | 40.5 | % |  |  | 37.4 | % |  |  | 35.1 | %
Operating income as a percentage of net sales |  |  | 17.2 | % |  |  | 15.5 | % |  |  | 18.5 | % |  |  | 21.0 | %
Fiscal Year 2010 |  | 1st Qtr |  |  | 2nd Qtr |  |  | 3rd Qtr |  |  | 4th Qtr |
Net sales |  | $ | 393,229 |  |  | $ | 412,560 |  |  | $ | 523,825 |  |  | $ | 701,076 |
Gross profit |  |  | 219,419 |  |  |  | 236,885 |  |  |  | 298,743 |  |  |  | 400,118 |
Operating expenses |  |  | 168,156 |  |  |  | 172,539 |  |  |  | 187,473 |  |  |  | 250,582 |
Operating income |  |  | 51,263 |  |  |  | 64,346 |  |  |  | 111,270 |  |  |  | 149,536 |
Income before income taxes |  |  | 53,739 |  |  |  | 64,524 |  |  |  | 111,257 |  |  |  | 154,690 |
Provision for income taxes |  |  | 16,043 |  |  |  | 7,965 |  |  |  | 40,353 |  |  |  | 54,959 |
Net income |  |  | 37,696 |  |  |  | 56,559 |  |  |  | 70,904 |  |  |  | 99,731 |
Net income attributable to noncontrolling interest |  |  | 1,789 |  |  |  | 2,074 |  |  |  | 2,748 |  |  |  | 3,074 |
Net income attributable to Fossil, Inc. |  |  | 35,907 |  |  |  | 54,485 |  |  |  | 68,156 |  |  |  | 96,657 |
Comprehensive income |  |  | 25,496 |  |  |  | 43,323 |  |  |  | 88,705 |  |  |  | 92,324 |
Comprehensive income attributable to noncontrolling interest |  |  | 1,780 |  |  |  | 2,062 |  |  |  | 2,764 |  |  |  | 3,084 |
Comprehensive income attributable to Fossil, Inc. |  |  | 23,716 |  |  |  | 41,261 |  |  |  | 85,941 |  |  |  | 89,240 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 0.54 |  |  |  | 0.81 |  |  |  | 1.02 |  |  |  | 1.48 |
Diluted |  |  | 0.53 |  |  |  | 0.80 |  |  |  | 1.00 |  |  |  | 1.46 |
Gross profit as a percentage of net sales |  |  | 55.8 | % |  |  | 57.4 | % |  |  | 57.0 | % |  |  | 57.1 | %
Operating expenses as a percentage of net sales |  |  | 42.8 | % |  |  | 41.8 | % |  |  | 35.8 | % |  |  | 35.7 | %
Operating income as a percentage of net sales |  |  | 13.0 | % |  |  | 15.6 | % |  |  | 21.2 | % |  |  | 21.3 | %

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -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 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -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 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=6952194&loc=d3e1280-108306 + Details
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