10. 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 29, 2012	$	1,233,535		$	6,929		$	1,240,464
Net income	72,186			1,794			73,980
Currency translation adjustments	(19,837		)	0			(19,837		)
Unrealized loss on securities available for sale	(71		)	0			(71		)
Forward contracts hedging intercompany foreign currency payments - change in fair values	3,391			0			3,391
Common stock issued upon exercise of stock options and stock appreciation rights	1,991			0			1,991
Tax benefit derived from stock-based compensation	4,082			0			4,082
Distribution of noncontrolling interest earnings	0			(4		)	(4		)
Acquisition of common stock	(61,188		)	0			(61,188		)
Stock-based compensation expense	2,546			0			2,546
Balance at March 30, 2013	$	1,236,635		$	8,719		$	1,245,354

	Fossil, Inc.						Total
	Stockholders’			Noncontrolling			Stockholders’
	Equity			Interest			Equity
Balance at December 31, 2011	$	1,105,929		$	10,917		$	1,116,846
Net income	58,140			2,932			61,072
Currency translation adjustments	10,071			0			10,071
Unrealized gain on securities available for sale	50			0			50
Forward contracts hedging intercompany foreign currency payments - change in fair values	(1,349		)	0			(1,349		)
Common stock issued upon exercise of stock options and stock appreciation rights	4,352			0			4,352
Tax benefit derived from stock-based compensation	9,901			0			9,901
Distribution of noncontrolling interest earnings	0			(3,786		)	(3,786		)
Acquisition of common stock	(67,878		)	0			(67,878		)
Stock-based compensation expense	3,144			0			3,144
Balance at March 31, 2012	$	1,122,360		$	10,063		$	1,132,423