XML 89 R69.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Derivatives and Risk Management (Cash Flow Hedges) (Details) € in Millions, ¥ in Millions, £ in Millions, MXN in Millions, CAD in Millions, AUD in Millions |  | 3 Months Ended | 12 Months Ended |
--- | --- | --- | --- | ---
Mar. 20, 2015 | Jul. 04, 2015 USD ($) | Jan. 02, 2016 USD ($) | Jan. 03, 2015 USD ($) | Dec. 28, 2013 USD ($) | Jan. 02, 2016 JPY (¥) | Jan. 02, 2016 GBP (£) | Jan. 02, 2016 EUR (€) | Jan. 02, 2016 CAD | Jan. 02, 2016 MXN | Jan. 02, 2016 AUD
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Hedges resulted ineffectiveness |  |  | $ 0 | $ 0 | $ 0 |  |  |  |  |  |
Gains or losses reclassified into earnings |  |  | $ 220,637,000 | 376,707,000 | 378,152,000 |  |  |  |  |  |
Designated as cash flow hedges | Interest rate swap |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Total gain recognized in income |  | $ 3,300,000 |  |  |  |  |  |  |  |  |
Designated as cash flow hedges | Interest rate swap | Consolidated leverage ratio (the Ratio) less than 1.00 to 1.00 |  |  |  |  |  |  |  |  |  |  |
Derivative [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) |  |  | 1.00 |  |  | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00
Designated as cash flow hedges | Interest rate swap | Consolidated leverage ratio (the Ratio) greater than 2.00 to 1.00 |  |  |  |  |  |  |  |  |  |  |
Derivative [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) |  |  | 2.00 |  |  | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00
Unrealized gain (loss) on forward contracts |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Term of interest rate swap agreement | 10 years |  |  |  |  |  |  |  |  |  |
Cash Flow Hedges |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Maximum period of future intercompany purchases |  |  | 24 months |  |  |  |  |  |  |  |
Percentage of forecasted purchases to manage fluctuations in global currencies (up to) |  |  | 85.00% |  |  | 85.00% | 85.00% | 85.00% | 85.00% | 85.00% | 85.00%
Cash Flow Hedges | Designated as cash flow hedges | Forward contracts | Euro |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Notional amount |  |  | $ 259,500,000 |  |  |  |  | € 228.6 |  |  |
Cash Flow Hedges | Designated as cash flow hedges | Forward contracts | British pound |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Notional amount |  |  | 71,200,000 |  |  |  | £ 46.2 |  |  |  |
Cash Flow Hedges | Designated as cash flow hedges | Forward contracts | Canadian dollar |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Notional amount |  |  | 52,800,000 |  |  |  |  |  | CAD 68.7 |  |
Cash Flow Hedges | Designated as cash flow hedges | Forward contracts | Japanese yen |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Notional amount |  |  | 32,900,000 |  |  | ¥ 3,927.2 |  |  |  |  |
Cash Flow Hedges | Designated as cash flow hedges | Forward contracts | Mexican peso |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Notional amount |  |  | 21,600,000 |  |  |  |  |  |  | MXN 360.6 |
Cash Flow Hedges | Designated as cash flow hedges | Forward contracts | Australian dollar |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Notional amount |  |  | 13,000,000 |  |  |  |  |  |  |  | AUD 17.9
Cash Flow Hedges | Designated as cash flow hedges | Interest rate swap | U.S. term loan |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Hedged amount |  |  | $ 231,300,000 |  |  |  |  |  |  |  |
Term of interest rate swap agreement |  |  | 5 years |  |  |  |  |  |  |  |
Description of base rate |  |  | 1-month London Interbank Offer Rate ("LIBOR") based variable rate |  |  |  |  |  |  |  |
Fixed interest rate |  |  | 1.288% |  |  | 1.288% | 1.288% | 1.288% | 1.288% | 1.288% | 1.288%
Cash Flow Hedges | Amount Reclassified from AOCI | Unrealized gain (loss) on forward contracts |  |  |  |  |  |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |  |  |  |  |  |
Gains or losses reclassified into earnings |  |  | $ 0 | $ 0 | $ 0 |  |  |  |  |  |

X
- Definition Maximum percentage of cash flow hedge coverage as defined by policy. + References No definition available. + Details
Name: | fosl_CashFlowHedgeCoveragePercentage
Namespace Prefix: | fosl_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Represents the applicable margin added to the variable rate of the debt instrument which varies based upon the Company's consolidated leverage ratio (the "Ratio"). + References No definition available. + Details
Name: | fosl_DebtInstrumentApplicableMarginBasedOnLeverageRatio
Namespace Prefix: | fosl_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents the consolidated leverage ratio used to calculate the variable rate of the debt instrument. + References No definition available. + Details
Name: | fosl_DebtInstrumentConsolidatedLeverageRatioUsedToCalculateVariableRateOfDebt
Namespace Prefix: | fosl_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | instant

X
- Definition Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Article 12 -Section 13 -Sentence Column B + Details
Name: | invest_DerivativeNotionalAmount
Namespace Prefix: | invest_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Definition The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. + References No definition available. + Details
Name: | us-gaap_DebtInstrumentDescriptionOfVariableRateBasis
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of the hedged item as of the balance sheet date related to the derivative. For example, the hedged balance on a debt instrument. + References No definition available. + Details
Name: | us-gaap_DerivativeAmountOfHedgedItem
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Definition Fixed interest rate related to the interest rate derivative. + References No definition available. + Details
Name: | us-gaap_DerivativeFixedInterestRate
Namespace Prefix: | us-gaap_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5618551-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (a),(c),(d),(e) -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959 + Details
Name: | us-gaap_DerivativeGainLossOnDerivativeNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition High end period remaining until maturity for the derivative contract, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | us-gaap_DerivativeHigherRemainingMaturityRange1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition The portion of gains and losses (net) on derivative instruments designated and qualifying as hedging instruments representing (a) the amount of the hedge ineffectiveness and (b) the amount, if any, excluded from the assessment of hedge effectiveness. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5624171-113959 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 25 -Section 50 -Paragraph 1 -Subparagraph (a)(1),(2) -URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986 + Details
Name: | us-gaap_DerivativeInstrumentsGainLossRecognizedInIncomeIneffectivePortionAndAmountExcludedFromEffectivenessTestingNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DerivativeLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Period remaining until the derivative contract matures, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | us-gaap_DerivativeRemainingMaturity1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1377-109256 + Details
Name: | us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | fosl_DebtInstrumentConsolidatedLeverageRatioAxis=fosl_DebtInstrumentConsolidatedLeverageRatioLessThan1.0to1.0Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | fosl_DebtInstrumentConsolidatedLeverageRatioAxis=fosl_DebtInstrumentConsolidatedLeverageRatioGreaterThanOrEqualTo2.0to1.0Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementEquityComponentsAxis=us-gaap_AccumulatedNetGainLossFromDesignatedOrQualifyingCashFlowHedgesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeForwardMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CurrencyAxis=currency_EUR
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CurrencyAxis=currency_GBP
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CurrencyAxis=currency_CAD
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CurrencyAxis=currency_JPY
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CurrencyAxis=currency_MXN
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_CurrencyAxis=currency_AUD
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DebtInstrumentAxis=us-gaap_SecuredDebtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeAxis=us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |