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STOCKHOLDERS' EQUITY
 9 Months Ended
Oct. 01, 2016
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY
STOCKHOLDERS’ EQUITY
Common Stock Repurchase Programs. Purchases of the Company’s common stock are made from time to time pursuant to its repurchase programs, subject to market conditions and at prevailing market prices, through the open market. Repurchased shares of common stock are recorded at cost and become authorized but unissued shares which may be issued in the future for general corporate or other purposes. The Company may terminate or limit its stock repurchase program at any time. In the event the repurchased shares are canceled, the Company accounts for retirements by allocating the repurchase price to common stock, additional paid-in capital and retained earnings. The repurchase price allocation is based upon the equity contribution associated with historical issuances. The repurchase programs are conducted pursuant to Rule 10b-18 of the Exchange Act.
During the Year to Date period, the Company effectively retired 0.1 million shares of common stock repurchased under its repurchase programs. The effective retirement of repurchased common stock decreased common stock by $1,100, additional paid-in capital by $0.2 million, retained earnings by $5.0 million and treasury stock by $5.2 million. At January 2, 2016 and October 1, 2016, all treasury stock had been effectively retired. As of October 1, 2016, the Company had $824.2 million of repurchase authorizations remaining under its combined repurchase programs. However, under the Company's First Amendment to the Amended and Restated Credit Agreement (the "First Amendment"), the Company is restricted from making open market repurchases of its common stock. See "Note 14—Debt Activity" for additional disclosures about the First Amendment.
The following tables reflect the Company’s common stock repurchase activity for the periods indicated (in millions):
 
 
 
 
 
For the 13 Weeks Ended October 1, 2016
 
For the 13 Weeks Ended October 3, 2015
Fiscal Year
Authorized
Dollar Value
Authorized
 
Termination Date
 
Number of
Shares
Repurchased
 
Dollar Value
Repurchased
 
Number of
Shares
Repurchased
 
Dollar Value
Repurchased
2014
$
1,000.0

 
December 2018
 
—

 
$
—

 
0.2

 
$
12.4

2012
$
1,000.0

 
December 2016 (1)
 
—

 
$
—

 
—

 
$
—

2010
$
30.0

 
None
 
—

 
$
—

 
—

 
$
—

 
 
 
 
 
For the 39 Weeks Ended October 1, 2016
 
For the 39 Weeks Ended October 3, 2015
Fiscal Year
Authorized
Dollar Value
Authorized
 
Termination Date
 
Number of
Shares
Repurchased
 
Dollar Value
Repurchased
 
Number of
Shares
Repurchased
 
Dollar Value
Repurchased
2014
$
1,000.0

 
December 2018
 
0.1

 
$
5.2

 
2.4

 
$
200.7

2012
$
1,000.0

 
December 2016 (1)
 
—

 
$
—

 
0.3

 
$
28.8

2010
$
30.0

 
None
 
—

 
$
—

 
—

 
$
—

__________________________________________________________________________________
(1) In the first quarter of fiscal year 2015, the Company completed this repurchase plan.
Controlling and Noncontrolling Interest. The following tables summarize the changes in equity attributable to controlling and noncontrolling interest (in thousands):
 
Fossil Group, Inc.
Stockholders’
Equity
 
Noncontrolling
Interest
 
Total
Stockholders’
Equity
Balance at January 2, 2016
$
921,388

 
$
11,155

 
$
932,543

Net income
29,170

 
5,646

 
34,816

Currency translation adjustment
9,383

 
—

 
9,383

Cash flow hedges - net change
(4,741
)
 
—

 
(4,741
)
Pension plan activity
1,714

 
—

 
1,714

Common stock issued upon exercise of stock options
57

 
—

 
57

Tax expense derived from stock-based compensation
(1,756
)
 
—

 
(1,756
)
Distribution of noncontrolling interest earnings
—

 
(4,543
)
 
(4,543
)
Acquisition of common stock
(6,448
)
 
—

 
(6,448
)
Stock-based compensation expense
23,894

 
—

 
23,894

Balance at October 1, 2016
$
972,661

 
$
12,258

 
$
984,919

 
Fossil Group, Inc.
Stockholders’
Equity
 
Noncontrolling
Interest
 
Total
Stockholders’
Equity
Balance at January 3, 2015
$
977,860

 
$
5,941

 
$
983,801

Net income
150,252

 
7,335

 
157,587

Currency translation adjustment
(35,382
)
 
—

 
(35,382
)
Cash flow hedges - net change
(5,443
)
 
—

 
(5,443
)
Common stock issued upon exercise of stock options
658

 
—

 
658

Tax expense derived from stock-based compensation
(930
)
 
—

 
(930
)
Distribution of noncontrolling interest earnings
—

 
(5,257
)
 
(5,257
)
Business acquisition
—

 
5,831

 
5,831

Acquisition of common stock
(231,220
)
 
—

 
(231,220
)
Stock-based compensation expense
13,997

 
—

 
13,997

Balance at October 3, 2015
$
869,792

 
$
13,850

 
$
883,642