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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 01, 2017
Jul. 02, 2016
Jul. 01, 2017
Jul. 02, 2016
Income Statement [Abstract]        
Net sales $ 596,846 $ 685,368 $ 1,178,636 $ 1,345,216
Cost of sales 295,499 329,618 587,771 641,129
Gross profit 301,347 355,750 590,865 704,087
Operating expenses:        
Selling, general and administrative expenses 314,210 340,300 622,707 674,233
Goodwill and trade name impairments 407,128 0 407,128 0
Restructuring charges 9,765 0 36,049 0
Total operating expenses 731,103 340,300 1,065,884 674,233
Operating income (loss) (429,756) 15,450 (475,019) 29,854
Interest expense 11,641 6,421 20,025 12,420
Other income (expense) - net 2,002 2,542 7,640 4,812
Income (loss) before income taxes (439,395) 11,571 (487,404) 22,246
Provision for income taxes (96,296) 3,499 (97,516) 6,778
Net income (loss) (343,099) 8,072 (389,888) 15,468
Less: Net income attributable to noncontrolling interest 1,613 2,051 3,010 3,654
Net income (loss) attributable to Fossil Group, Inc. (344,712) 6,021 (392,898) 11,814
Other comprehensive income (loss), net of taxes:        
Currency translation adjustment 16,461 (9,500) 26,856 7,721
Cash flow hedges - net change (9,592) 4,331 (11,593) (6,101)
Pension plan activity 0 0 0 1,714
Total other comprehensive income (loss) 6,869 (5,169) 15,263 3,334
Total comprehensive income (loss) (336,230) 2,903 (374,625) 18,802
Less: Comprehensive income attributable to noncontrolling interest 1,613 2,051 3,010 3,654
Comprehensive income (loss) attributable to Fossil Group, Inc. $ (337,843) $ 852 $ (377,635) $ 15,148
Earnings (loss) per share:        
Basic (in dollars per share) $ (7.11) $ 0.13 $ (8.12) $ 0.25
Diluted (in dollars per share) $ (7.11) $ 0.12 $ (8.12) $ 0.24
Weighted average common shares outstanding:        
Basic (in shares) 48,484 48,119 48,399 48,125
Diluted (in shares) 48,484 48,207 48,399 48,229