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Selected Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 28, 2013

Selected Quarterly Financial Data (Unaudited)

Summary of the Company's unaudited quarterly financial information

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

Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data.

+ References

Reference 1: 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

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