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Acquisitions, Divestiture and Goodwill (Tables)

12 Months Ended

Dec. 28, 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):

Fiscal Year		2012			2011
		Unaudited
Net sales		$	2,887,951		$	2,687,162
Net income attributable to Fossil Group, Inc.			350,010			300,739
Earnings per share:
Basic		$	5.74		$	4.75
Diluted		$	5.70		$	4.70

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):

At Fiscal Year End		North America wholesale			Europe wholesale			Asia Pacific wholesale			Direct to consumer			Total
Balance at December 31, 2011		$	23,605		$	17,891		$	2,558		$	0		$	44,054
Acquisitions			85,530			46,020			8,997			0			140,547
Foreign currency changes			135			(27	)		84			0			192
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Balance at December 29, 2012			109,270			63,884			11,639			0			184,793
Acquisitions			8,890			10,641			0			0			19,531
Foreign currency changes			(13	)		2,692			(49	)		0			2,630
​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
Balance at December 28, 2013		$	118,147		$	77,217		$	11,590		$	0		$	206,954
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X

- 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 Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

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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

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-URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267



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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

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