XML 57 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Oct. 03, 2015
Oct. 04, 2014
Oct. 03, 2015
Oct. 04, 2014
Income Statement [Abstract]        
Net sales $ 771,303 $ 894,482 $ 2,236,363 $ 2,444,846
Cost of sales 353,569 385,444 1,008,439 1,047,986
Gross profit 417,734 509,038 1,227,924 1,396,860
Operating expenses:        
Selling, general and administrative expenses 338,888 354,105 1,003,931 1,052,471
Restructuring charges 3,141 0 21,700 0
Total operating expenses 342,029 354,105 1,025,631 1,052,471
Operating income 75,705 154,933 202,293 344,389
Interest expense 5,103 3,796 14,295 11,389
Other income (expense) - net 6,830 2,198 28,310 751
Income before income taxes 77,432 153,335 216,308 333,751
Provision for income taxes 17,303 46,931 58,721 103,286
Net income 60,129 106,404 157,587 230,465
Less: Net income attributable to noncontrolling interest 2,595 2,683 7,335 7,884
Net income attributable to Fossil Group, Inc. 57,534 103,721 150,252 222,581
Other comprehensive income (loss), net of taxes:        
Currency translation adjustment (7,435) (43,479) (35,382) (43,080)
Derivative instruments-net change (5,258) 11,773 (5,443) 11,361
Pension plan activity 0 0 0 (3,293)
Total other comprehensive income (loss) (12,693) (31,706) (40,825) (35,012)
Total comprehensive income 47,436 74,698 116,762 195,453
Less: Comprehensive income attributable to noncontrolling interest 2,595 2,683 7,335 7,884
Comprehensive income attributable to Fossil Group, Inc. $ 44,841 $ 72,015 $ 109,427 $ 187,569
Earnings per share:        
Basic (in dollars per share) $ 1.19 $ 1.97 $ 3.06 $ 4.16
Diluted (in dollars per share) $ 1.19 $ 1.96 $ 3.06 $ 4.15
Weighted average common shares outstanding:        
Basic (in shares) 48,153 52,691 49,027 53,454
Diluted (in shares) 48,242 52,871 49,148 53,653