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Selected Quarterly Financial Data (Unaudited) (Tables) | 12 Months Ended
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Dec. 29, 2012
Selected Quarterly Financial Data (Unaudited) |
Summary of the Company's unaudited quarterly financial information | The following is a summary of the Company's unaudited quarterly financial information for fiscal years 2012 and 2011 (in thousands, except per share data):
Fiscal Year 2012 |  | 1st Qtr |  | 2nd Qtr |  | 3rd Qtr |  | 4th Qtr |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Net sales |  | $ | 589,533 |  | $ | 636,104 |  | $ | 684,170 |  | $ | 947,700 |
Gross profit |  |  | 328,980 |  |  | 356,361 |  |  | 381,524 |  |  | 539,678 |
Operating expenses |  |  | 246,119 |  |  | 268,264 |  |  | 268,437 |  |  | 334,883 |
Operating income |  |  | 82,861 |  |  | 88,097 |  |  | 113,087 |  |  | 204,795 |
Income before income taxes |  |  | 84,596 |  |  | 88,093 |  |  | 113,861 |  |  | 205,671 |
Provision for income taxes |  |  | 23,524 |  |  | 27,705 |  |  | 33,984 |  |  | 52,749 |
Net income |  |  | 61,072 |  |  | 60,388 |  |  | 79,877 |  |  | 152,922 |
Net income attributable to noncontrolling interest |  |  | 2,932 |  |  | 3,050 |  |  | 3,086 |  |  | 1,790 |
Net income attributable to Fossil, Inc. |  |  | 58,140 |  |  | 57,338 |  |  | 76,791 |  |  | 151,132 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 0.94 |  |  | 0.93 |  |  | 1.27 |  |  | 2.53 |
Diluted |  |  | 0.93 |  |  | 0.92 |  |  | 1.26 |  |  | 2.51 |
Gross profit as a percentage of net sales |  |  | 55.8 | % |  | 56.0 | % |  | 55.8 | % |  | 56.9 | %
Operating expenses as a percentage of net sales |  |  | 41.7 | % |  | 42.2 | % |  | 39.3 | % |  | 35.3 | %
Operating income as a percentage of net sales |  |  | 14.1 | % |  | 13.8 | % |  | 16.5 | % |  | 21.6 | %
Fiscal Year 2011 |  | 1st Qtr |  | 2nd Qtr |  | 3rd Qtr |  | 4th Qtr |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Net sales |  | $ | 536,975 |  | $ | 556,661 |  | $ | 642,910 |  | $ | 830,756 |
Gross profit |  |  | 301,812 |  |  | 311,976 |  |  | 359,529 |  |  | 465,869 |
Operating expenses |  |  | 209,256 |  |  | 225,714 |  |  | 240,720 |  |  | 291,505 |
Operating income |  |  | 92,556 |  |  | 86,262 |  |  | 118,809 |  |  | 174,364 |
Income before income taxes |  |  | 89,258 |  |  | 81,688 |  |  | 111,811 |  |  | 168,803 |
Provision for income taxes |  |  | 31,192 |  |  | 27,657 |  |  | 39,307 |  |  | 46,001 |
Net income |  |  | 58,066 |  |  | 54,031 |  |  | 72,504 |  |  | 122,802 |
Net income attributable to noncontrolling interest |  |  | 2,244 |  |  | 2,670 |  |  | 2,895 |  |  | 4,891 |
Net income attributable to Fossil, Inc. |  |  | 55,822 |  |  | 51,361 |  |  | 69,609 |  |  | 117,911 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 0.87 |  |  | 0.81 |  |  | 1.10 |  |  | 1.88 |
Diluted |  |  | 0.86 |  |  | 0.80 |  |  | 1.09 |  |  | 1.87 |
Gross profit as a percentage of net sales |  |  | 56.2 | % |  | 56.0 | % |  | 55.9 | % |  | 56.1 | %
Operating expenses as a percentage of net sales |  |  | 39.0 | % |  | 40.5 | % |  | 37.4 | % |  | 35.1 | %
Operating income as a percentage of net sales |  |  | 17.2 | % |  | 15.5 | % |  | 18.5 | % |  | 21.0 | %

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=20225539&loc=d3e1280-108306 + Details
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