Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 29, 2012

Selected Quarterly Financial Data (Unaudited)

Selected Quarterly Financial Data (Unaudited)

19. Selected Quarterly Financial Data (Unaudited)

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	%

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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