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FINANCIAL STATEMENT POLICIES (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value Hierarchy Of Assets And Liabilities Measured At Fair Value On A Recurring Basis

The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of June 30, 2012 (in thousands):

		Fair Value at June 30, 2012
		Level 1				Level 2				Level 3				Total
Assets:
Securities available for sale:
Investments in publicly traded equity securities		$	185			$	0			$	0			$	185
Foreign exchange forward contracts			0				10,361				0				10,361
Deferred compensation plan assets:
Investment in publicly traded mutual funds			3,031				0				0				3,031
Total		$	3,216			$	10,361			$	0			$	13,577
Liabilities:
Contingent Consideration		$	0			$	5,568			$	0			$	5,568
Foreign exchange forward contracts			0				1,364				0				1,364
Total		$	0			$	6,932			$	0			$	6,932

The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 31, 2011 (in thousands):

		Fair Value at December 31, 2011
		Level 1				Level 2				Level 3				Total
Assets:
Securities available for sale:
Investments in publicly traded equity securities		$	155			$	0			$	0			$	155
Foreign exchange forward contracts			0				10,614				0				10,614
Deferred compensation plan assets:
Investment in publicly traded mutual funds			2,897				0				0				2,897
Total		$	3,052			$	10,614			$	0			$	13,666
Liabilities:
Foreign exchange forward contracts		$	0			$	3,586			$	0			$	3,586
Total		$	0			$	3,586			$	0			$	3,586

Fair Value Hierarchy Of Assets And Liabilities Measured At Fair Value On A Nonrecurring Basis

The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a nonrecurring basis as of June 30, 2012 (in thousands):

						Fair Value Measurements Using
		For the 26 Weeks Ended June 30, 2012				Level 1				Level 2				Level 3				Total Losses
Assets:
Specific Company—owned stores—net		$	0			$	0			$	0			$	0			$	(256	)

Numerators And Denominators Used In The Computations Of Both Basic And Diluted EPS

		For the 13 Weeks Ended								For the 26 Weeks Ended
		June 30, 2012				July 2, 2011				June 30, 2012				July 2, 2011
Numerator:
Net income attributable to Fossil, Inc.		$	57,338			$	51,361			$	115,478			$	107,182
Denominator:
Basic EPS computation:
Basic weighted average common shares outstanding			61,669				63,411				61,741				63,743
Basic EPS		$	0.93			$	0.81			$	1.87			$	1.68
Diluted EPS computation:
Basic weighted average common shares outstanding			61,669				63,411				61,741				63,743
Stock options, stock appreciation rights and restricted stock units			423				713				509				734
Diluted weighted average common shares outstanding			62,092				64,124				62,250				64,477
Diluted EPS		$	0.92			$	0.80			$	1.86			$	1.66

X

- Definition

Tabular disclosure of assets and liabilities by class, including financial instruments measured at fair value that are classified in shareholders' equity, if any, that are measured at fair value on a nonrecurring basis in periods after initial recognition (for example, impaired assets). Disclosures may include, but are not limited to: (a) the fair value measurements recorded and the reasons for the measurements and (b) the level within the fair value hierarchy in which the fair value measurements are categorized in their entirety (levels 1, 2, 3).

+ References

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

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 157

-Paragraph 33

-Subparagraph a, b

-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 820

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19296-110258

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X

- 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 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 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 Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19190-110258



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=7578670&loc=d3e19207-110258

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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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

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