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Warranty Liabilities | 12 Months Ended
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Jan. 02, 2016
Product Warranties Disclosures [Abstract] |
Warranty Liabilities | Warranty Liabilities The Company's warranty liabilities are primarily related to watch products and are included in accrued expenses—other in the consolidated balance sheets. The Company's watch products are covered by limited warranties against defects in materials or workmanship. The Company's FOSSIL® watch products sold in the U.S. are covered for a period of 11 years, the Company's RELIC® watch products sold in the U.S. are covered for a period of 12 years, and the Company's SKAGEN branded watches are covered by a lifetime warranty. Generally, all other products sold in the U.S. and internationally are covered by a comparable one to two year warranty. The Company's warranty liability is estimated using historical warranty repair expense. As changes in warranty costs are experienced, the warranty accrual is adjusted as necessary. Warranty liability activity consisted of the following (in thousands):
Fiscal Year | 2015 |  | 2014 |  | 2013
Beginning balance | $ | 13,500 |  |  | $ | 15,658 |  |  | $ | 13,383 |
Settlements in cash or kind | (9,310 | ) |  | (12,313 | ) |  | (10,672 | )
Warranties issued and adjustments to preexisting warranties(1) | 9,435 |  |  | 10,155 |  |  | 12,607 |
Liabilities assumed in acquisition | 44 |  |  | — |  |  | 340 |
Ending balance | $ | 13,669 |  |  | $ | 13,500 |  |  | $ | 15,658 |
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(1) | Changes in cost estimates related to preexisting warranties are aggregated with accruals for new standard warranties issued and foreign currency changes.

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- Definition The entire disclosure for standard and extended product warranties and other product guarantee contracts, including a tabular reconciliation of the changes in the guarantor's aggregate product warranty liability for the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249 + Details
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