XML 73 R36.htm IDEA: XBRL DOCUMENT v2.4.0.6

Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Taxes [Abstract]

Schedule Of Components Of Consolidated Deferred Tax Assets And Liabilities

Fiscal Year		2011				2010
Current deferred income tax assets (liabilities):
Bad debt allowance		$	6,605			$	7,028
Returns allowance			15,364				15,468
Inventory			11,656				10,144
Warranty reserve			2,078				1,054
Compensation			7,707				2,894
Accrued liabilities			5,951				3,536
Returns cost of sales			(6,613	)			(6,024	)
Deferred rent			1,560				789
Loss carry-forwards			881				1,596
Other			1,312				6,837
Total current deferred tax assets			46,501				43,322
Valuation allowance			(698	)			(1,486	)
Net current deferred income tax assets		$	45,803			$	41,836
Long-term deferred income tax (liabilities) assets:
Unrealized exchange losses			2,858				2,520
State income tax and interest on tax contingencies			0				925
Fixed assets			(35,413	)			(8,847	)
Trade names and customer lists			(7,144	)			(7,168	)
Compensation			3,522				5,972
Deferred rent			6,693				3,264
Loss carry-forwards			2,275				2,375
Undistributed earnings of certain foreign subsidiaries			(57,324	)			(44,122	)
Tax deductible foreign reserves			1,460				(1,229	)
Other			4,115				2,038
Total deferred income tax liabilities			(78,958	)			(44,272	)
Valuation allowance			(2,495	)			(2,695	)
Net long-term deferred income tax liabilities		$	(81,453	)		$	(46,967	)
Total long-term deferred income tax assets			4,875				926
Total deferred income tax liabilities			(86,328	)			(47,893	)
Net long-term deferred income tax liabilities		$	(81,453	)		$	(46,967	)

Schedule Of Operating Loss Carry-Forwards

Expires 2012 through 2016		$	947
Expires 2017 through 2021			1,004
Expires 2022 through 2026			1,496
Indefinite			8,186
Total loss carry-forwards		$	11,633

Schedule Of Earnings Before Income Taxes For U.S. And Non-U.S. Based Operations

Fiscal Year		2011				2010				2009
U.S.		$	173,861			$	154,318			$	94,543
Non-U.S.			277,698				229,892				125,355
Total		$	451,559			$	384,210			$	219,898

Schedule Of Provision For Income Taxes

Fiscal Year		2011				2010				2009
Current provision:
U.S. federal		$	59,854			$	54,820			$	46,350
Non-U.S.			55,407				44,613				22,629
State and local			7,416				4,535				3,284
Total current			122,677				103,968				72,263
Deferred provision:
U.S. federal			25,116				19,112				3,320
Non-U.S.			(4,680	)			(3,188	)			(39	)
State and local			1,044				(572	)			60
Total deferred			21,480				15,352				3,341
Provision for income taxes		$	144,157			$	119,320			$	75,604

Reconciliation Of U.S. Federal Statutory Income Tax Rate To Provision For Income Taxes

Fiscal Year		2011				2010				2009
Tax at statutory rate			35.0	%			35.0	%			35.0	%
State, net of federal tax benefit			1.2				0.9				0.8
Foreign rate differential			(12.0	)			(11.1	)			(9.2	)
U.S. tax on foreign income			6.7				9.8				8.7
Income tax contingencies			0.7				(3.7	)			(0.4	)
Other			0.3				0.2				(0.5	)
Provision for income taxes			31.9	%			31.1	%			34.4	%

Tabular Reconciliation Of Total Amounts Of Unrecognized Tax Benefits

Fiscal Year		2011				2010				2009
Balance at beginning of year		$	10,945			$	35,426			$	33,855
Gross increases tax positions in prior years			5,963				2,680				4,676
Gross decreases tax positions in prior years			0				(27,799	)			(641	)
Gross increases-current year tax positions			1,192				842				2,428
Settlements			(119	)			(204	)			0
Lapse in statute of limitations			0				0				(4,902	)
Increase due to currency revaluation			(7	)			0				10
Balance at end of year		$	17,974			$	10,945			$	35,426

X

- Definition

Tabular disclosure of the change in unrecognized tax benefits.

+ References

No definition available.

+ Details

Name:	fosl_ScheduleOfUnrecognizedTaxBenefitsRollforwardTableTextBlock
Namespace Prefix:	fosl_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_IncomeTaxExpenseBenefitAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Topic 740

-SubTopic 10

-Publisher FASB

-Number

-Article

-Subparagraph

-Name Accounting Standards Codification

-Paragraph 9

-Section 50

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Topic 740

-SubTopic 10

-Publisher FASB

-Number

-Article

-Subparagraph

-Name Accounting Standards Codification

-Paragraph 2

-Section 50

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Topic 740

-SubTopic 10

-Publisher FASB

-Number

-Article

-Subparagraph

-Name Accounting Standards Codification

-Paragraph 12

-Section 50

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 48

-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 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

+ Details

Name:	us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration