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ACQUISITIONS, DIVESTITURE AND GOODWILL (Tables) | 6 Months Ended
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Jun. 29, 2013
ACQUISITIONS, DIVESTITURE AND GOODWILL |
Schedule of recognized identified assets acquired and liabilities assumed | The following table summarizes the allocation of the purchase price to the fair value of the assets acquired and the liabilities assumed as of April 2, 2012, the effective date of the acquisition (in thousands):
Cash paid, net of cash acquired |  | $ | 229,012 |
Value of common stock issued |  | 19,899 |
Contingent consideration |  | 9,950 |
Total transaction consideration: |  | $ | 258,861 |
Accounts receivable |  | $ | 16,595 |
Inventories |  | 22,638 |
Prepaid expenses and other current assets |  | 3,306 |
Property, plant and equipment |  | 4,232 |
Goodwill |  | 140,387 |
Trade name |  | 64,700 |
Customer lists |  | 24,400 |
Patents |  | 1,500 |
Noncompete agreement |  | 1,900 |
Other long-term assets |  | 2,972 |
Current liabilities |  | (20,840 | )
Long-term liabilities |  | (2,929 | )
Total net assets acquired |  | $ | 258,861 |
Pro forma financial information | The following table presents the unaudited pro forma financial information (in thousands, except per share data):
|  | For the 13 Weeks Ended |  | For the 26 Weeks Ended |
|  | June 30, 2012 |  | June 30, 2012 |
Net sales |  | $ | 636,104 |  | $ | 1,256,081 |
Net income attributable to Fossil Group, Inc. |  | 61,211 |  | 120,245 |
Earnings per share: |  |  |  |  |
Basic |  | $ | 0.99 |  | $ | 1.95 |
Diluted |  | $ | 0.99 |  | $ | 1.93 |
Schedule of changes in the carrying amount of goodwill | The changes in the carrying amount of goodwill, which is not subject to amortization, were as follows (in thousands):
|  | North America wholesale |  | Europe wholesale |  | Asia Pacific wholesale |  | Total |
Balance at December 29, 2012 |  | $ | 109,270 |  | $ | 63,884 |  | $ | 11,639 |  | $ | 184,793 |
Acquisitions |  | 8,149 |  | 10,641 |  | 0 |  | 18,790 |
Foreign currency changes |  | (3 | ) | (1,325 | ) | (50 | ) | (1,378 | )
Balance at June 29, 2013 |  | $ | 117,416 |  | $ | 73,200 |  | $ | 11,589 |  | $ | 202,205 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 54 -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. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141 -Paragraph 55 -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. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 141R -Paragraph 68 -Subparagraph r(2, 3) -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. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2)-(3) -URI http://asc.fasb.org/extlink&oid=7659399&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13854-109267 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 45 -Subparagraph e -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. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 45 -Subparagraph c -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. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 142 -Paragraph 47 -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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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472 + Details
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