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	229,633			7,130			236,763
Currency translation adjustments	2,424			0			2,424
Unrealized gain on securities available for sale	475			0			475
Forward contracts hedging intercompany foreign currency payments - change in fair values	(69		)	0			(69		)
Interest rate swap hedges - change in fair values	(632		)	0			(632		)
Common stock issued upon exercise of stock options and stock appreciation rights	6,203			0			6,203
Tax benefit derived from stock-based compensation	7,204			0			7,204
Distribution of noncontrolling interest earnings	0			(4,679		)	(4,679		)
Acquisition of common stock	(460,413		)	0			(460,413		)
Stock-based compensation expense	11,062			0			11,062
Balance at September 28, 2013	$	1,029,422		$	9,380		$	1,038,802

	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	192,269			9,068			201,337
Currency translation adjustments	6,639			0			6,639
Unrealized gain on securities available for sale	25			0			25
Forward contracts hedging intercompany foreign currency payments - change in fair values	(1,075		)	0			(1,075		)
Common stock issued upon exercise of stock options and stock appreciation rights	5,279			0			5,279
Tax benefit derived from stock-based compensation	11,223			0			11,223
Distribution of noncontrolling interest earnings	0			(4,406		)	(4,406		)
Business acquisitions	19,899			81			19,980
Acquisition of common stock	(205,631		)	0			(205,631		)
Stock-based compensation expense	12,858			0			12,858
Balance at September 29, 2012	$	1,147,415		$	15,660		$	1,163,075