Investments	12 Months Ended
Dec. 28, 2013
Investments
Investments	7. Investments Prior to the acquisition of Fossil Spain effective January 1, 2013, the Company had a 50% equity interest in Fossil Spain pursuant to a joint venture agreement with General De Relojeria for the marketing, distribution and sale of the Company's products in Spain and Portugal. The Company accounted for the investment based upon the equity method until the acquisition date. The Company's equity in Fossil Spain's net income was recorded in the Europe wholesale segment in other income (expense)—net in the Company's consolidated statements of comprehensive income and was $1.0 million in each of fiscal years 2012 and 2011. Net sales to Fossil Spain by the Company for fiscal years 2012 and 2011 were $15.1 million and $19.2 million, respectively. The Company had receivable balances from Fossil Spain of $2.0 million and $3.7 million as of December 29, 2012 and December 31, 2011, respectively, which were included in accounts receivable—net in the Company's consolidated balance sheets. See Note 2—Acquisitions, Divestiture and Goodwill for more information regarding Fossil Spain. The Company periodically evaluates whether declines in the fair value of its investments are other-than-temporary. This evaluation consists of several qualitative and quantitative factors regarding the severity and duration of the unrealized loss as well as the Company's ability and intent to hold the investment. Factors considered include, if applicable, quoted market prices, recent financial results and operating trends, other publicly available information, implied values from any recent transactions or offers of investee securities, or other conditions that may affect the value of its investments.

7. Investments

Prior to the acquisition of Fossil Spain effective January 1, 2013, the Company had a 50% equity interest in Fossil Spain pursuant to a joint venture agreement with General De Relojeria for the marketing, distribution and sale of the Company's products in Spain and Portugal. The Company accounted for the investment based upon the equity method until the acquisition date. The Company's equity in Fossil Spain's net income was recorded in the Europe wholesale segment in other income (expense)—net in the Company's consolidated statements of comprehensive income and was $1.0 million in each of fiscal years 2012 and 2011. Net sales to Fossil Spain by the Company for fiscal years 2012 and 2011 were $15.1 million and $19.2 million, respectively. The Company had receivable balances from Fossil Spain of $2.0 million and $3.7 million as of December 29, 2012 and December 31, 2011, respectively, which were included in accounts receivable—net in the Company's consolidated balance sheets. See Note 2—Acquisitions, Divestiture and Goodwill for more information regarding Fossil Spain.

The Company periodically evaluates whether declines in the fair value of its investments are other-than-temporary. This evaluation consists of several qualitative and quantitative factors regarding the severity and duration of the unrealized loss as well as the Company's ability and intent to hold the investment. Factors considered include, if applicable, quoted market prices, recent financial results and operating trends, other publicly available information, implied values from any recent transactions or offers of investee securities, or other conditions that may affect the value of its investments.