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Selected Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 28, 2013
Selected Quarterly Financial Data (Unaudited) |
Selected Quarterly Financial Data (Unaudited) | 20. Selected Quarterly Financial Data (Unaudited) The following is a summary of the Company's unaudited quarterly financial information for fiscal years 2013 and 2012 (in thousands except per share data):
Fiscal Year 2013 |  | 1st Qtr |  | 2nd Qtr |  | 3rd Qtr |  | 4th Qtr |
--- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Net sales |  | $ | 680,899 |  | $ | 706,249 |  | $ | 810,396 |  | $ | 1,062,427 |
Gross profit |  |  | 378,471 |  |  | 408,901 |  |  | 464,969 |  |  | 609,345 |
Operating expenses |  |  | 284,150 |  |  | 301,953 |  |  | 323,937 |  |  | 390,050 |
Operating income |  |  | 94,321 |  |  | 106,948 |  |  | 141,032 |  |  | 219,295 |
Income before income taxes |  |  | 102,874 |  |  | 104,238 |  |  | 138,255 |  |  | 216,099 |
Provision for income taxes |  |  | 28,894 |  |  | 33,829 |  |  | 45,881 |  |  | 64,815 |
Net income |  |  | 73,980 |  |  | 70,409 |  |  | 92,374 |  |  | 151,284 |
Net income attributable to noncontrolling interest |  |  | 1,794 |  |  | 2,696 |  |  | 2,640 |  |  | 2,766 |
Net income attributable to Fossil Group, Inc. |  | $ | 72,186 |  | $ | 67,713 |  | $ | 89,734 |  | $ | 148,518 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 1.22 |  | $ | 1.16 |  | $ | 1.59 |  | $ | 2.69 |
Diluted |  | $ | 1.21 |  | $ | 1.15 |  | $ | 1.58 |  | $ | 2.68 |
Gross profit as a percentage of net sales |  |  | 55.6 | % |  | 57.9 | % |  | 57.4 | % |  | 57.4 | %
Operating expenses as a percentage of net sales |  |  | 41.7 | % |  | 42.8 | % |  | 40.0 | % |  | 36.7 | %
Operating income as a percentage of net sales |  |  | 13.9 | % |  | 15.1 | % |  | 17.4 | % |  | 20.6 | %
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 Group, 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 | %

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- 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. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=25249566&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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