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ACQUISITIONS AND GOODWILL (Tables)
 6 Months Ended
Jun. 30, 2012
Schedule Of Recognized Identified Assets Acquired And Liabilities Assumed

The following table summarizes the allocation of the purchase price to the preliminary estimated fair value of the assets acquired and the liabilities assumed as of April 2, 2012, the effective date of the acquisition (in thousands):

 

Cash paid, net of cash acquired

    $  229,003   

Value of common stock issued

      19,899   

Contingent consideration

      9,950   
  

 

 

  

Total transaction consideration:

    $ 258,852   
  

 

 

  

Accounts receivable—net of allowances

    $ 16,791   

Inventories

      22,092   

Prepaid expenses and other current assets

      3,520   

Property, plant & equipment and other long-term assets

      4,256   

Goodwill

      137,393   

Tradename

      64,700   

Customer lists

      24,400   

Patents

      1,500   

Noncompete agreement

      1,900   

Other long-term assets

      2,974   

Current liabilities

      (19,726 ) 

Long-term liabilities

      (948 ) 
  

 

 

  

Total net assets acquired

    $ 258,852   
  

 

 

  
Pro Forma Financial Information
The following table presents the unaudited pro forma financial information (in thousands except per share data):

 

     For the 13 Weeks Ended      For the 26 Weeks Ended  
     June 30, 2012      July 2, 2011      June 30, 2012      July 2, 2011  

Net sales

    $ 636,104       $ 581,007       $ 1,256,081       $ 1,141,744   

Net income attributable to Fossil, Inc.

      61,211         53,364         120,245         108,181   

Earnings per share:

            

Basic

    $ 0.99       $ 0.84       $ 1.95       $ 1.70   

Diluted

    $ 0.99       $ 0.83       $ 1.93       $ 1.68   
Schedule Of Changes In The Carrying Amount Of Goodwill

The changes in the carrying amount of goodwill, which is not subject to amortization, were as follows (in thousands):

 

     North
America
wholesale		      Europe
wholesale		     Asia
Pacific
wholesale		      Direct to
consumer		      Total  

Balance at December 31, 2011

    $ 23,605       $ 17,891      $ 2,558       $ 0       $ 44,054   

Acquisitions

      84,745         43,996        8,812         0         137,553   

Foreign currency changes

      63         (260 )      25         0         (172 ) 
  

 

 

     

 

 

    

 

 

     

 

 

     

 

 

  

Balance at June 30, 2012

    $ 108,413       $ 61,627      $ 11,395       $ 0       $ 181,435