10. CONTROLLING AND NONCONTROLLING INTEREST

The following tables summarize the changes in equity attributable to controlling and noncontrolling interest (in thousands):

	Fossil Group, Inc.						Total
	Stockholders’			Noncontrolling			Stockholders’
	Equity			Interest			Equity
Balance at December 29, 2012	$	1,233,535		$	6,929		$	1,240,464
Net income	139,900			4,490			144,390
Currency translation adjustments	(16,853		)	0			(16,853		)
Unrealized loss on securities available for sale	(83		)	0			(83		)
Forward contracts hedging intercompany foreign currency payments - change in fair values	4,990			0			4,990
Common stock issued upon exercise of stock options and stock appreciation rights	4,534			0			4,534
Tax benefit derived from stock-based compensation	6,204			0			6,204
Distribution of noncontrolling interest earnings	0			(4,679		)	(4,679		)
Acquisition of common stock	(231,870		)	0			(231,870		)
Stock-based compensation expense	6,968			0			6,968
Balance at June 29, 2013	$	1,147,325		$	6,740		$	1,154,065

	Fossil Group, Inc.						Total
	Stockholders’			Noncontrolling			Stockholders’
	Equity			Interest			Equity
Balance at December 31, 2011	$	1,105,929		$	10,917		$	1,116,846
Net income	115,478			5,982			121,460
Currency translation adjustments	(5,610		)	0			(5,610		)
Unrealized gain on securities available for sale	29			0			29
Forward contracts hedging intercompany foreign currency payments - change in fair values	908			0			908
Common stock issued upon exercise of stock options and stock appreciation rights	4,420			0			4,420
Tax benefit derived from stock-based compensation	10,080			0			10,080
Distribution of noncontrolling interest earnings	0			(4,096		)	(4,096		)
Business acquisitions	19,899			81			19,980
Acquisition of common stock	(127,032		)	0			(127,032		)
Stock-based compensation expense	7,832			0			7,832
Balance at June 30, 2012	$	1,131,933		$	12,884		$	1,144,817