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Condensed Consolidated Statements Of Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jul. 02, 2011
Jun. 30, 2012
Jul. 02, 2011
Net sales $ 636,104 $ 556,661 $ 1,225,638 $ 1,093,635
Cost of sales 279,743 244,685 540,297 479,847
Gross profit 356,361 311,976 685,341 613,788
Operating expenses:        
Selling and distribution 196,265 164,606 377,703 322,990
General and administrative 71,999 61,108 136,680 111,980
Total operating expenses 268,264 225,714 514,383 434,970
Operating income 88,097 86,262 170,958 178,818
Interest expense 1,429 649 2,243 874
Other income (expense)-net 1,425 (3,925) 3,974 (6,998)
Income before income taxes 88,093 81,688 172,689 170,946
Provision for income taxes 27,705 27,657 51,229 58,850
Net income 60,388 54,031 121,460 112,096
Less: Net income attributable to noncontrolling interest 3,050 2,670 5,982 4,914
Net income attributable to Fossil, Inc. 57,338 51,361 115,478 107,182
Other comprehensive (loss) income, net of taxes:        
Currency translation adjustment (15,681) 10,581 (5,610) 29,907
Unrealized (loss) gain on securities available for sale (21) 188 29 (248)
Forward contracts hedging intercompany foreign currency payments-change in fair values 2,257 (2,023) 908 (6,870)
Total other comprehensive (loss) income (13,445) 8,746 (4,673) 22,789
Total comprehensive income 46,943 62,777 116,787 134,885
Less: Comprehensive income attributable to noncontrolling interest 3,050 2,670 5,982 4,914
Comprehensive income attributable to Fossil, Inc. $ 43,893 $ 60,107 $ 110,805 $ 129,971
Earnings per share:        
Basic $ 0.93 $ 0.81 $ 1.87 $ 1.68
Diluted $ 0.92 $ 0.80 $ 1.86 $ 1.66
Weighted average common shares outstanding:        
Basic 61,669 63,411 61,741 63,743
Diluted 62,092 64,124 62,250 64,477