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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
Jun. 30, 2018
Jul. 01, 2017
Jun. 30, 2018
Jul. 01, 2017
Income Statement [Abstract]        
Net sales $ 576,583 $ 596,846 $ 1,145,739 $ 1,178,636
Cost of sales 267,574 295,499 549,038 587,771
Gross profit 309,009 301,347 596,701 590,865
Operating expenses:        
Selling, general and administrative expenses 287,235 314,210 581,891 622,707
Goodwill and trade name impairments 6,212 407,128 6,212 407,128
Restructuring charges 14,549 9,765 35,866 36,049
Total operating expenses 307,996 731,103 623,969 1,065,884
Operating income (loss) 1,013 (429,756) (27,268) (475,019)
Interest expense 11,067 11,641 21,759 20,025
Other income (expense) - net (555) 2,002 (2,442) 7,640
Income (loss) before income taxes (10,609) (439,395) (51,469) (487,404)
Provision for income taxes (3,372) (96,296) 3,273 (97,516)
Net income (loss) (7,237) (343,099) (54,742) (389,888)
Less: Net income attributable to noncontrolling interest 563 1,613 1,331 3,010
Net income (loss) attributable to Fossil Group, Inc. (7,800) (344,712) (56,073) (392,898)
Other comprehensive income (loss), net of taxes:        
Currency translation adjustment (19,057) 16,461 (6,756) 26,856
Cash flow hedges - net change 14,350 (9,592) 13,193 (11,593)
Total other comprehensive income (loss) (4,707) 6,869 6,437 15,263
Total comprehensive income (loss) (11,944) (336,230) (48,305) (374,625)
Less: Comprehensive income attributable to noncontrolling interest 563 1,613 1,331 3,010
Comprehensive income (loss) attributable to Fossil Group, Inc. $ (12,507) $ (337,843) $ (49,636) $ (377,635)
Earnings (loss) per share:        
Basic (in dollars per share) $ (0.16) $ (7.11) $ (1.15) $ (8.12)
Diluted (in dollars per share) $ (0.16) $ (7.11) $ (1.15) $ (8.12)
Weighted average common shares outstanding:        
Basic (in shares) 49,228 48,484 48,970 48,399
Diluted (in shares) 49,228 48,484 48,970 48,399