XML 41 R67.htm IDEA: XBRL DOCUMENT v2.4.1.9
Debt (Details 2) (USD $)
12 Months Ended 0 Months Ended 7 Months Ended 0 Months Ended
Jan. 03, 2015
Dec. 28, 2013
Dec. 29, 2012
May 17, 2013
Jan. 03, 2015
item
Sep. 30, 2013
May 23, 2014
May 11, 2012
Maturity of long term debt excluding capital lease obligations                
Less than 1 Year $ 15,700,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths       $ 15,700,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths      
Year 2 22,000,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo       22,000,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo      
Year 3 18,900,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree       18,900,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree      
Year 4 564,100,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour       564,100,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour      
Year 5 100,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive       100,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive      
Thereafter 2,800,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive       2,800,000us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive      
Total debt 623,600,000us-gaap_LongTermDebt 500,700,000us-gaap_LongTermDebt     623,600,000us-gaap_LongTermDebt      
Interest paid 15,924,000us-gaap_InterestPaid 9,450,000us-gaap_InterestPaid 5,155,000us-gaap_InterestPaid          
Credit Agreement                
Debt Instrument                
Debt term       5 years        
Upfront fees       4,800,000us-gaap_DebtIssuanceCosts
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Maximum capital expenditures after 2015, debt covenant 250,000,000fosl_DebtInstrumentCovenantMaximumAcquisitionsThereafter
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= fosl_CreditAgreementMember
             
Credit Agreement | Maximum                
Debt Instrument                
Consolidated leverage ratio required         2.50fosl_DebtInstrumentCovenantConsolidatedLeverageRatio
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Consolidated interest coverage ratio required         3.50fosl_DebtInstrumentCovenantConsolidatedInterestCoverageRatio
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= fosl_CreditAgreementMember
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Maximum capital expenditures during 2014, debt covenant         200,000,000fosl_DebtInstrumentCovenantMaximumAcquisitionsYearTwo
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= fosl_CreditAgreementMember
/ us-gaap_RangeAxis
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Maximum capital expenditures during 2015, debt covenant         200,000,000fosl_DebtInstrumentCovenantMaximumAcquisitionsYearThree
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= fosl_CreditAgreementMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
     
Credit Agreement | Fossil Europe B.V., Swiss Technology Holding GmbH and Fossil (East) Limited                
Debt Instrument                
Percentage of total outstanding non-voting capital stock       100.00%fosl_LineOfCreditFacilityAgreementPercentageOfTotalOutstandingNonVotingCapitalStock
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/ us-gaap_RelatedPartyTransactionsByRelatedPartyAxis
= fosl_ForeignSubsidiariesGroupOneMember
       
Swingline loan                
Debt Instrument                
Maximum borrowing capacity       20,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
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= fosl_SwingLineMember
       
U.S. revolving line of credit                
Debt Instrument                
Interest expense incurred 6,100,000us-gaap_InterestExpenseLongTermDebt
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= us-gaap_RevolvingCreditFacilityMember
             
Maximum borrowing capacity 1,050,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
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    750,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
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1,050,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
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Increased credit limit             300,000,000fosl_LineOfCreditFacilityIncreaseBorrowingCapacity
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Remaining borrowing capacity 660,100,000us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
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      660,100,000us-gaap_LineOfCreditFacilityRemainingBorrowingCapacity
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Percentage of total outstanding voting capital stock       65.00%fosl_LineOfCreditFacilityAgreementPercentageOfTotalOutstandingVotingCapitalStock
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= us-gaap_RevolvingCreditFacilityMember
       
Maturity of long term debt excluding capital lease obligations                
Total debt 389,000,000us-gaap_LongTermDebt
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250,000,000us-gaap_LongTermDebt
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    389,000,000us-gaap_LongTermDebt
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U.S. revolving line of credit | Minimum                
Debt Instrument                
Commitment fee (as a percent)         0.20%us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
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= us-gaap_MinimumMember
     
U.S. revolving line of credit | Maximum                
Debt Instrument                
Commitment fee (as a percent)         0.35%us-gaap_LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
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= us-gaap_RevolvingCreditFacilityMember
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= us-gaap_MaximumMember
     
U.S. revolving line of credit | Consolidated leverage ratio (the Ratio) less than 1.00 to 1.00 | Base rate loans                
Debt Instrument                
Applicable margin based on the Company's consolidated leverage ratio (as a percent)         0.25%fosl_DebtInstrumentApplicableMarginBasedOnLeverageRatio
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= fosl_DebtInstrumentConsolidatedLeverageRatioLessThan1.0to1.0Member
     
Consolidated leverage ratio used to calculate variable rate of debt (as a percent) 100.00%fosl_DebtInstrumentConsolidatedLeverageRatioUsedToCalculateVariableRateOfDebt
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= fosl_DebtInstrumentConsolidatedLeverageRatioLessThan1.0to1.0Member
      100.00%fosl_DebtInstrumentConsolidatedLeverageRatioUsedToCalculateVariableRateOfDebt
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= fosl_DebtInstrumentConsolidatedLeverageRatioLessThan1.0to1.0Member
     
U.S. revolving line of credit | Consolidated leverage ratio (the Ratio) greater than 2.00 to 1.00 | Base rate loans                
Debt Instrument                
Applicable margin based on the Company's consolidated leverage ratio (as a percent)         1.00%fosl_DebtInstrumentApplicableMarginBasedOnLeverageRatio
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/ fosl_DebtInstrumentConsolidatedLeverageRatioAxis
= fosl_DebtInstrumentConsolidatedLeverageRatioGreaterThanOrEqualTo2.0to1.0Member
     
Consolidated leverage ratio used to calculate variable rate of debt (as a percent) 200.00%fosl_DebtInstrumentConsolidatedLeverageRatioUsedToCalculateVariableRateOfDebt
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= fosl_DebtInstrumentConsolidatedLeverageRatioGreaterThanOrEqualTo2.0to1.0Member
      200.00%fosl_DebtInstrumentConsolidatedLeverageRatioUsedToCalculateVariableRateOfDebt
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U.S. revolving line of credit | Prime rate | Base rate loans                
Debt Instrument                
Base rate at end of period (as a percent) 3.25%fosl_DebtInstrumentVariableRateBaseInterestRateAtEndOfPeriod
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      3.25%fosl_DebtInstrumentVariableRateBaseInterestRateAtEndOfPeriod
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Description of base rate         prime rate      
U.S. revolving line of credit | Federal funds rate | Base rate loans                
Debt Instrument                
Description of base rate         federal funds rate      
Basis spread on base rate (as a percent)         0.50%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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U.S. revolving line of credit | LIBOR | Base rate loans                
Debt Instrument                
Base rate at end of period (as a percent) 0.16%fosl_DebtInstrumentVariableRateBaseInterestRateAtEndOfPeriod
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      0.16%fosl_DebtInstrumentVariableRateBaseInterestRateAtEndOfPeriod
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Description of base rate         LIBOR      
Basis spread on base rate (as a percent)         1.25%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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U.S. revolving line of credit | LIBOR | LIBOR rate loans                
Debt Instrument                
LIBOR Rate, amount used to calculate quotient (as a percent) 100.00%fosl_DebtInstrumentLIBORRateAmountUsedToCalculateQuotient
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      100.00%fosl_DebtInstrumentLIBORRateAmountUsedToCalculateQuotient
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U.S. revolving line of credit | LIBOR | Consolidated leverage ratio (the Ratio) less than 1.00 to 1.00 | LIBOR rate loans                
Debt Instrument                
Applicable margin based on the Company's consolidated leverage ratio (as a percent)         1.00%fosl_DebtInstrumentApplicableMarginBasedOnLeverageRatio
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= us-gaap_LondonInterbankOfferedRateLIBORMember
     
Consolidated leverage ratio used to calculate variable rate of debt (as a percent) 100.00%fosl_DebtInstrumentConsolidatedLeverageRatioUsedToCalculateVariableRateOfDebt
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      100.00%fosl_DebtInstrumentConsolidatedLeverageRatioUsedToCalculateVariableRateOfDebt
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U.S. revolving line of credit | LIBOR | Consolidated leverage ratio (the Ratio) greater than 2.00 to 1.00 | LIBOR rate loans                
Debt Instrument                
Applicable margin based on the Company's consolidated leverage ratio (as a percent)         2.00%fosl_DebtInstrumentApplicableMarginBasedOnLeverageRatio
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= us-gaap_LondonInterbankOfferedRateLIBORMember
     
Consolidated leverage ratio used to calculate variable rate of debt (as a percent) 200.00%fosl_DebtInstrumentConsolidatedLeverageRatioUsedToCalculateVariableRateOfDebt
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      200.00%fosl_DebtInstrumentConsolidatedLeverageRatioUsedToCalculateVariableRateOfDebt
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U.S. term loan                
Debt Instrument                
Interest expense incurred 6,300,000us-gaap_InterestExpenseLongTermDebt
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Total borrowings         15,600,000us-gaap_ProceedsFromLinesOfCredit
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Repayment of borrowings           139,000,000us-gaap_RepaymentsOfLinesOfCredit
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Maximum borrowing capacity 250,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
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      250,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
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Maturity of long term debt excluding capital lease obligations                
Total debt 231,300,000us-gaap_LongTermDebt
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246,900,000us-gaap_LongTermDebt
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    231,300,000us-gaap_LongTermDebt
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U.S. term loan | Consolidated leverage ratio (the Ratio) less than 1.00 to 1.00 | Base rate loans                
Debt Instrument                
Applicable margin based on the Company's consolidated leverage ratio (as a percent)         0.25%fosl_DebtInstrumentApplicableMarginBasedOnLeverageRatio
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Consolidated leverage ratio used to calculate variable rate of debt (as a percent) 100.00%fosl_DebtInstrumentConsolidatedLeverageRatioUsedToCalculateVariableRateOfDebt
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U.S. term loan | Consolidated leverage ratio (the Ratio) greater than 2.00 to 1.00 | Base rate loans                
Debt Instrument                
Applicable margin based on the Company's consolidated leverage ratio (as a percent)         1.00%fosl_DebtInstrumentApplicableMarginBasedOnLeverageRatio
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= fosl_DebtInstrumentConsolidatedLeverageRatioGreaterThanOrEqualTo2.0to1.0Member
     
Consolidated leverage ratio used to calculate variable rate of debt (as a percent) 200.00%fosl_DebtInstrumentConsolidatedLeverageRatioUsedToCalculateVariableRateOfDebt
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      200.00%fosl_DebtInstrumentConsolidatedLeverageRatioUsedToCalculateVariableRateOfDebt
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U.S. term loan | Prime rate | Base rate loans                
Debt Instrument                
Base rate at end of period (as a percent) 3.25%fosl_DebtInstrumentVariableRateBaseInterestRateAtEndOfPeriod
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Description of base rate         Prime rate      
U.S. term loan | Federal funds rate | Base rate loans                
Debt Instrument                
Description of base rate         Federal funds rate      
Basis spread on base rate (as a percent)         0.25%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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U.S. term loan | LIBOR | Base rate loans                
Debt Instrument                
Base rate at end of period (as a percent) 0.16%fosl_DebtInstrumentVariableRateBaseInterestRateAtEndOfPeriod
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Description of base rate         LIBOR      
Basis spread on base rate (as a percent)         1.25%us-gaap_DebtInstrumentBasisSpreadOnVariableRate1
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U.S. term loan | LIBOR | LIBOR rate loans                
Debt Instrument                
LIBOR Rate, amount used to calculate quotient (as a percent) 100.00%fosl_DebtInstrumentLIBORRateAmountUsedToCalculateQuotient
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/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
      100.00%fosl_DebtInstrumentLIBORRateAmountUsedToCalculateQuotient
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= us-gaap_SecuredDebtMember
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
     
U.S. term loan | LIBOR | Consolidated leverage ratio (the Ratio) less than 1.00 to 1.00 | LIBOR rate loans                
Debt Instrument                
Applicable margin based on the Company's consolidated leverage ratio (as a percent)         1.25%fosl_DebtInstrumentApplicableMarginBasedOnLeverageRatio
/ us-gaap_CreditFacilityAxis
= fosl_LIBORRateLoansMember
/ us-gaap_DebtInstrumentAxis
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/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
     
Consolidated leverage ratio used to calculate variable rate of debt (as a percent) 100.00%fosl_DebtInstrumentConsolidatedLeverageRatioUsedToCalculateVariableRateOfDebt
/ us-gaap_CreditFacilityAxis
= fosl_LIBORRateLoansMember
/ us-gaap_DebtInstrumentAxis
= us-gaap_SecuredDebtMember
/ fosl_DebtInstrumentConsolidatedLeverageRatioAxis
= fosl_DebtInstrumentConsolidatedLeverageRatioLessThan1.0to1.0Member
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
      100.00%fosl_DebtInstrumentConsolidatedLeverageRatioUsedToCalculateVariableRateOfDebt
/ us-gaap_CreditFacilityAxis
= fosl_LIBORRateLoansMember
/ us-gaap_DebtInstrumentAxis
= us-gaap_SecuredDebtMember
/ fosl_DebtInstrumentConsolidatedLeverageRatioAxis
= fosl_DebtInstrumentConsolidatedLeverageRatioLessThan1.0to1.0Member
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
     
U.S. term loan | LIBOR | Consolidated leverage ratio (the Ratio) greater than 2.00 to 1.00 | LIBOR rate loans                
Debt Instrument                
Applicable margin based on the Company's consolidated leverage ratio (as a percent)         2.00%fosl_DebtInstrumentApplicableMarginBasedOnLeverageRatio
/ us-gaap_CreditFacilityAxis
= fosl_LIBORRateLoansMember
/ us-gaap_DebtInstrumentAxis
= us-gaap_SecuredDebtMember
/ fosl_DebtInstrumentConsolidatedLeverageRatioAxis
= fosl_DebtInstrumentConsolidatedLeverageRatioGreaterThanOrEqualTo2.0to1.0Member
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
     
Consolidated leverage ratio used to calculate variable rate of debt (as a percent) 200.00%fosl_DebtInstrumentConsolidatedLeverageRatioUsedToCalculateVariableRateOfDebt
/ us-gaap_CreditFacilityAxis
= fosl_LIBORRateLoansMember
/ us-gaap_DebtInstrumentAxis
= us-gaap_SecuredDebtMember
/ fosl_DebtInstrumentConsolidatedLeverageRatioAxis
= fosl_DebtInstrumentConsolidatedLeverageRatioGreaterThanOrEqualTo2.0to1.0Member
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
      200.00%fosl_DebtInstrumentConsolidatedLeverageRatioUsedToCalculateVariableRateOfDebt
/ us-gaap_CreditFacilityAxis
= fosl_LIBORRateLoansMember
/ us-gaap_DebtInstrumentAxis
= us-gaap_SecuredDebtMember
/ fosl_DebtInstrumentConsolidatedLeverageRatioAxis
= fosl_DebtInstrumentConsolidatedLeverageRatioGreaterThanOrEqualTo2.0to1.0Member
/ us-gaap_VariableRateAxis
= us-gaap_LondonInterbankOfferedRateLIBORMember
     
Other international                
Maturity of long term debt excluding capital lease obligations                
Total debt 3,300,000us-gaap_LongTermDebt
/ us-gaap_DebtInstrumentAxis
= fosl_OtherInternationalDebtMember
3,800,000us-gaap_LongTermDebt
/ us-gaap_DebtInstrumentAxis
= fosl_OtherInternationalDebtMember
    3,300,000us-gaap_LongTermDebt
/ us-gaap_DebtInstrumentAxis
= fosl_OtherInternationalDebtMember
     
LC Facility                
Debt Instrument                
Maximum borrowing capacity       10,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= fosl_LetterOfCreditFacilityMember
      80,000,000us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity
/ us-gaap_DebtInstrumentAxis
= fosl_LetterOfCreditFacilityMember
Maturity of long term debt excluding capital lease obligations                
Letters of credit outstanding 50,300,000us-gaap_LettersOfCreditOutstandingAmount
/ us-gaap_DebtInstrumentAxis
= fosl_LetterOfCreditFacilityMember
49,700,000us-gaap_LettersOfCreditOutstandingAmount
/ us-gaap_DebtInstrumentAxis
= fosl_LetterOfCreditFacilityMember
    50,300,000us-gaap_LettersOfCreditOutstandingAmount
/ us-gaap_DebtInstrumentAxis
= fosl_LetterOfCreditFacilityMember
     
Capital Lease Obligations                
Maturity of long term debt excluding capital lease obligations                
Current capital lease obligations 900,000us-gaap_CapitalLeaseObligationsCurrent
/ us-gaap_DebtInstrumentAxis
= us-gaap_CapitalLeaseObligationsMember
800,000us-gaap_CapitalLeaseObligationsCurrent
/ us-gaap_DebtInstrumentAxis
= us-gaap_CapitalLeaseObligationsMember
    900,000us-gaap_CapitalLeaseObligationsCurrent
/ us-gaap_DebtInstrumentAxis
= us-gaap_CapitalLeaseObligationsMember
     
Long-term capital lease obligations $ 5,800,000us-gaap_CapitalLeaseObligationsNoncurrent
/ us-gaap_DebtInstrumentAxis
= us-gaap_CapitalLeaseObligationsMember
$ 6,600,000us-gaap_CapitalLeaseObligationsNoncurrent
/ us-gaap_DebtInstrumentAxis
= us-gaap_CapitalLeaseObligationsMember
    $ 5,800,000us-gaap_CapitalLeaseObligationsNoncurrent
/ us-gaap_DebtInstrumentAxis
= us-gaap_CapitalLeaseObligationsMember