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Investments | 12 Months Ended
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Dec. 29, 2012
Investments |
Investments | 7. Investments The Company has a 50% equity interest in Fossil Spain pursuant to a joint venture agreement with General De Relojeria, S.A. for the marketing, distribution and sale of the Company's products in Spain and Portugal. The Company has accounted for the investment based upon the equity method from the effective date of the investment and, as of December 29, 2012, the investment balance was approximately $7.0 million. The Company's equity in Fossil Spain's net income is recorded in the Europe wholesale segment in other income (expense)—net in the Company's consolidated statements of comprehensive income and was $1.0 million, $1.0 million and $1.4 million for fiscal years 2012, 2011 and 2010, respectively. Net sales to Fossil Spain by the Company for fiscal years 2012, 2011, and 2010 were $15.1 million, $19.2 million and $16.3 million, respectively. The Company had receivable balances from Fossil Spain of $2.0 million and $3.7 million as of December 29, 2012 and December 31, 2011, respectively, which are included in accounts receivable—net in the Company's consolidated balance sheets. See Note 2—Acquisitions and Goodwill and Note 20—Subsequent Events for more information regarding Fossil Spain. The Company periodically evaluates whether declines in the fair value of its investments are other-than-temporary. This evaluation consists of several qualitative and quantitative factors regarding the severity and duration of the unrealized loss as well as the Company's ability and intent to hold the investment. Factors considered include, if applicable, quoted market prices, recent financial results and operating trends, other publicly available information, implied values from any recent transactions or offers of investee securities, or other conditions that may affect the value of its investments.

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- Definition Tabular disclosure of equity method investments in common stock. The disclosure may include: (a) the name of each investee or group of investments for which combined disclosure is appropriate, (2) the percentage ownership of common stock, (3) the difference, if any, between the carrying amount of an investment and the value of the underlying equity in the net assets and the accounting treatment of difference, if any, and (4) the aggregate value of each identified investment based on its quoted market price, if available. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 18 -Paragraph 20 -Subparagraph a, b -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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