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CONTROLLING AND NONCONTROLLING INTEREST

9 Months Ended

Sep. 29, 2012

9. CONTROLLING AND NONCONTROLLING INTEREST

The following tables summarize the changes in equity attributable to controlling and noncontrolling interest (in thousands):

	Fossil, Inc.						Total
	Stockholders’			Noncontrolling			Stockholders’
	Equity			Interest			Equity
Balance at December 31, 2011	$	1,105,929		$	10,917		$	1,116,846
Net income	192,269			9,068			201,337
Currency translation adjustments	6,639			0			6,639
Unrealized gain on securities available for sale	25			0			25
Forward contracts hedging intercompany foreign currency payments - change in fair values	(1,075		)	0			(1,075		)
Common stock issued upon exercise of stock options and stock appreciation rights	5,279			0			5,279
Tax benefit derived from stock-based compensation	11,223			0			11,223
Distribution of noncontrolling interest earnings	0			(4,406		)	(4,406		)
Business acquisitions	19,899			81			19,980
Acquisition of common stock	(205,631		)	0			(205,631		)
Stock-based compensation expense	12,858			0			12,858
Balance at September 29, 2012	$	1,147,415		$	15,660		$	1,163,075

	Fossil, Inc.						Total
	Stockholders’			Noncontrolling			Stockholders’
	Equity			Interest			Equity
Balance at January 1, 2011	$	1,044,118		$	7,590		$	1,051,708
Net income	176,792			7,809			184,601
Currency translation adjustments	3,795			0			3,795
Unrealized loss on securities available for sale	(556		)	0			(556		)
Forward contracts hedging intercompany foreign currency payments - change in fair values	5,115			0			5,115
Common stock issued upon exercise of stock options and stock appreciation rights	8,218			0			8,218
Tax benefit derived from stock-based compensation	9,723			0			9,723
Distribution of noncontrolling interest earnings	0			(3,772		)	(3,772		)
Common stock forfeitures put to treasury	(5,601		)	0			(5,601		)
Common stock issued upon legal settlement	7,833			0			7,833
Acquisition of common stock	(204,430		)	0			(204,430		)
Stock-based compensation expense	10,524			0			10,524
Balance at October 1, 2011	$	1,055,531		$	11,627		$	1,067,158