XML 26 R61.htm IDEA: XBRL DOCUMENT v3.3.0.814
DEBT ACTIVITY (Details)
 3 Months Ended 9 Months Ended
Oct. 03, 2015
USD ($)
Apr. 04, 2015
USD ($)
Oct. 03, 2015
USD ($)
Mar. 09, 2015
USD ($)
Jan. 03, 2015
USD ($)
Oct. 04, 2014
USD ($)
Dec. 28, 2013
USD ($)
Debt Instrument [Line Items]              
International cash balance $ 301,569,000   $ 301,569,000   $ 276,261,000 $ 218,095,000 $ 320,479,000
Credit Agreement              
Debt Instrument [Line Items]              
Increments in excess of minimum principal amount     1,000,000        
Credit Agreement | Minimum              
Debt Instrument [Line Items]              
Minimum principal payments 3,000,000   $ 3,000,000        
Credit Agreement | Maximum              
Debt Instrument [Line Items]              
Consolidated leverage ratio required (no more than)     2.50        
Consolidated interest coverage ratio required (no less than)     3.50        
Credit Agreement | Fossil Europe B.V., Swiss Technology Holding GmbH and Fossil (East) Limited              
Debt Instrument [Line Items]              
Percentage of total outstanding non-voting capital stock     100.00%        
U.S. revolving line of credit              
Debt Instrument [Line Items]              
Maximum borrowing capacity       $ 1,050,000,000.00      
Available borrowing capacity 472,100,000   $ 472,100,000        
Percentage of total outstanding voting capital stock     65.00%        
Interest expense incurred 3,100,000   $ 8,100,000        
Debt outstanding 577,000,000   577,000,000        
Total borrowings 118,300,000            
International cash balance 303,000,000   $ 303,000,000        
U.S. revolving line of credit | Minimum              
Debt Instrument [Line Items]              
Commitment fee (as a percent)     0.20%        
U.S. revolving line of credit | Maximum              
Debt Instrument [Line Items]              
Commitment fee (as a percent)     0.35%        
U.S. revolving line of credit | Prior Agreement              
Debt Instrument [Line Items]              
Interest expense incurred   $ 1,600,000          
Debt outstanding       555,000,000      
U.S. revolving line of credit | Base rate loans              
Debt Instrument [Line Items]              
Minimum principal payments $ 2,000,000   $ 2,000,000        
Increments in excess of minimum principal amount     $ 1,000,000        
U.S. revolving line of credit | Base rate loans | Consolidated leverage ratio (the Ratio) less than 1.00 to 1.00              
Debt Instrument [Line Items]              
Applicable margin based on the Company's consolidated leverage ratio (as a percent)     0.25%        
Consolidated leverage ratio used to calculate variable rate of debt (as a percent) 0.0100   0.0100        
U.S. revolving line of credit | Base rate loans | Federal funds rate              
Debt Instrument [Line Items]              
Description of base rate     federal funds rate        
Basis spread on base rate (as a percent)     0.50%        
U.S. revolving line of credit | Base rate loans | LIBOR              
Debt Instrument [Line Items]              
Description of base rate     LIBOR        
Basis spread on base rate (as a percent)     1.00%        
U.S. revolving line of credit | LIBOR rate loans              
Debt Instrument [Line Items]              
Minimum principal payments $ 5,000,000   $ 5,000,000        
Increments in excess of minimum principal amount     $ 1,000,000        
U.S. revolving line of credit | LIBOR rate loans | LIBOR              
Debt Instrument [Line Items]              
Description of base rate     LIBOR        
Swingline loan              
Debt Instrument [Line Items]              
Maximum borrowing capacity       20,000,000.0      
Minimum principal payments 100,000   $ 100,000        
Increments in excess of minimum principal amount     100,000        
LC Facility              
Debt Instrument [Line Items]              
Maximum borrowing capacity       10,000,000.0      
U.S. term loan              
Debt Instrument [Line Items]              
Maximum borrowing capacity       231,300,000      
Available borrowing capacity       231,300,000.0      
Debt outstanding 220,300,000   220,300,000        
Minimum principal payments 5,000,000   5,000,000        
Increments in excess of minimum principal amount     1,000,000        
Repayment of borrowings 4,700,000            
Interest paid $ 1,500,000   4,400,000        
U.S. term loan | Prior Agreement              
Debt Instrument [Line Items]              
Interest expense incurred   $ 1,000,000          
Debt outstanding       $ 231,300,000      
Repayment of borrowings     $ 10,900,000        
U.S. term loan | Base rate loans              
Debt Instrument [Line Items]              
Description of base rate     LIBOR        
Quotient denominator used to determine LIBOR rate 1.00   1.00        
U.S. term loan | LIBOR rate loans | LIBOR              
Debt Instrument [Line Items]              
Description of base rate     LIBOR        
U.S. term loan | LIBOR rate loans | LIBOR | Consolidated leverage ratio (the Ratio) less than 1.00 to 1.00              
Debt Instrument [Line Items]              
Applicable margin based on the Company's consolidated leverage ratio (as a percent)     1.25%        
Consolidated leverage ratio used to calculate variable rate of debt (as a percent) 1   1        
U.S. term loan | LIBOR rate loans | LIBOR | Consolidated leverage ratio (the Ratio) greater than 2.00 to 1.00              
Debt Instrument [Line Items]              
Applicable margin based on the Company's consolidated leverage ratio (as a percent)     2.00%        
Consolidated leverage ratio used to calculate variable rate of debt (as a percent) 2   2        
Prior revolving credit loans | Prior Agreement              
Debt Instrument [Line Items]              
Total borrowings     $ 188,000,000