XML 42 R35.htm IDEA: XBRL DOCUMENT v2.4.0.6
ACQUISITIONS AND GOODWILL (Details 2) (USD $)
3 Months Ended 9 Months Ended
Sep. 29, 2012
Oct. 01, 2011
Sep. 29, 2012
Oct. 01, 2011
Apr. 02, 2012
Customer lists | Minimum Range
         
Allocation of purchase price:          
Amortization period     5 years    
Customer lists | Maximum Range
         
Allocation of purchase price:          
Amortization period     9 years    
Patents | Minimum Range
         
Allocation of purchase price:          
Amortization period     3 years    
Patents | Maximum Range
         
Allocation of purchase price:          
Amortization period     20 years    
Noncompete agreement
         
Allocation of purchase price:          
Amortization period     6 years    
Skagen Designs
         
Allocation of purchase price:          
Cash paid, net of cash acquired         $ 229,012,000
Value of common stock issued         19,899,000
Contingent Consideration         9,950,000
Total transaction consideration:         258,861,000
Accounts receivable-net of allowances         16,595,000
Inventories         22,638,000
Prepaid expenses and other current assets         3,306,000
Property, plant & equipment and other long-term assets         4,232,000
Goodwill         138,050,000
Other long-term assets         2,972,000
Current liabilities         (20,484,000)
Long-term liabilities         (948,000)
Total net assets acquired         258,861,000
Goodwill expected to be deductible for tax purposes 129,800,000   129,800,000    
Business acquisition Pro Forma information          
Net sales 684,170,000 674,936,000 1,940,251,000 1,816,680,000  
Net income attributable to Fossil, Inc. 77,617,000 73,763,000 197,861,000 181,178,000  
Basic (in dollars per share) $ 1.28 $ 1.17 $ 3.23 $ 2.85  
Diluted (in dollars per share) $ 1.27 $ 1.16 $ 3.20 $ 2.82  
Skagen Designs | Customer lists
         
Allocation of purchase price:          
Intangible assets         24,400,000
Skagen Designs | Customer lists | Minimum Range
         
Allocation of purchase price:          
Amortization period     5 years    
Skagen Designs | Customer lists | Maximum Range
         
Allocation of purchase price:          
Amortization period     9 years    
Skagen Designs | Patents
         
Allocation of purchase price:          
Intangible assets         1,500,000
Amortization period     3 years    
Skagen Designs | Noncompete agreement
         
Allocation of purchase price:          
Intangible assets         1,900,000
Amortization period     6 years    
Skagen Designs | Tradename
         
Allocation of purchase price:          
Tradename         $ 64,700,000