XML 54 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Oct. 04, 2014
Sep. 28, 2013
Oct. 04, 2014
Sep. 28, 2013
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME        
Net sales $ 894,482 $ 810,396 $ 2,444,846 $ 2,197,544
Cost of sales 385,444 345,427 1,047,986 945,203
Gross profit 509,038 464,969 1,396,860 1,252,341
Selling, general and administrative expenses 354,105 323,937 1,052,471 910,040
Operating income 154,933 141,032 344,389 342,301
Interest expense 3,796 3,036 11,389 6,016
Other income-net 2,198 259 751 9,082
Income before income taxes 153,335 138,255 333,751 345,367
Provision for income taxes 46,931 45,881 103,286 108,604
Net income 106,404 92,374 230,465 236,763
Less: Net income attributable to noncontrolling interest 2,683 2,640 7,884 7,130
Net income attributable to Fossil Group, Inc. 103,721 89,734 222,581 229,633
Other comprehensive income (loss), net of taxes:        
Currency translation adjustment (43,479) 19,277 (43,080) 2,424
Securities available for sale-net change 0 558 0 475
Derivative instruments-net change 11,773 (5,691) 11,361 (701)
Pension plan activity 0 0 (3,293) 0
Total other comprehensive income (loss) (31,706) 14,144 (35,012) 2,198
Total comprehensive income 74,698 106,518 195,453 238,961
Less: Comprehensive income attributable to noncontrolling interest 2,683 2,640 7,884 7,130
Comprehensive income attributable to Fossil Group, Inc. $ 72,015 $ 103,878 $ 187,569 $ 231,831
Earnings per share:        
Basic (in dollars per share) $ 1.97 $ 1.59 $ 4.16 $ 3.95
Diluted (in dollars per share) $ 1.96 $ 1.58 $ 4.15 $ 3.93
Weighted average common shares outstanding:        
Basic (in shares) 52,691 56,458 53,454 58,150
Diluted (in shares) 52,871 56,704 53,653 58,433