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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Jan. 02, 2016
Jan. 03, 2015
Operating Activities:      
Net income $ 85,603 $ 229,902 $ 386,611
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation, amortization and accretion 94,592 87,662 95,931
Stock-based compensation 31,034 18,627 18,823
(Decrease) increase in allowance for returns-net of inventory in transit (3,600) (1,282) 3,701
(Gain) loss on disposal of assets (9,851) 1,913 465
Impairment losses 2,828 16,804 9,266
Non-cash restructuring charges 15,745 3,962 0
Equity method investment losses (1,321) 0 0
(Decrease) increase in allowance for doubtful accounts (2,819) 2,384 550
Excess tax benefits from stock-based compensation (5) (177) (1,430)
Deferred income taxes and other (18,561) 929 2,708
Gain on business divestiture (3,500) 0 0
Contingent consideration remeasurement 0 0 1,112
Changes in operating assets and liabilities, net of effect of acquisitions:      
Accounts receivable (12,900) 42,912 (8,495)
Inventories 64,827 (43,082) (60,746)
Prepaid expenses and other current assets 26,098 (36,902) (52,726)
Accounts payable (43,020) 41,843 2,477
Accrued expenses (20,116) 12,545 (13,315)
Income taxes payable 2,451 (17,269) 2,951
Net cash provided by operating activities 210,127 360,771 387,883
Investing Activities:      
Additions to property, plant and equipment (65,674) (79,767) (94,763)
Decrease (increase) in intangible and other assets 771 (3,730) (9,419)
Skagen Designs arbitration settlement 0 5,968 0
Proceeds from the sale of property, plant, equipment and other 44,908 179 612
Misfit escrow receipts 3,341 0 0
Business acquisitions-net of cash acquired 0 (220,189) 0
Net investment hedge settlement 752 3,709 410
Business divestiture 3,500 0 0
Net cash used in investing activities (12,402) (293,830) (103,160)
Financing Activities:      
Acquisition of common stock (7,237) (231,282) (437,911)
Distribution of noncontrolling interest earnings and other (8,688) (9,883) (10,317)
Debt borrowings 1,035,838 2,548,650 961,000
Debt payments (1,207,205) (2,368,408) (838,684)
Payment for shares of Fossil, S.L. (8,657) 0 0
Other financing activities (2,545) (3,104) 731
Net cash used in financing activities (198,494) (64,027) (325,181)
Effect of exchange rate changes on cash and cash equivalents 8,824 10,100 (3,760)
Net increase (decrease) in cash and cash equivalents 8,055 13,014 (44,218)
Cash and cash equivalents:      
Beginning of year 289,275 276,261 320,479
End of year $ 297,330 $ 289,275 $ 276,261