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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. 29, 2019
Jun. 30, 2018
Jun. 29, 2019
Jun. 30, 2018
Income Statement [Abstract]        
Net sales $ 501,393 $ 576,583 $ 966,661 $ 1,145,739
Cost of sales 236,285 267,574 453,626 549,038
Gross profit 265,108 309,009 513,035 596,701
Operating expenses:        
Selling, general and administrative expenses 256,110 287,235 513,794 581,891
Trade name impairments 0 6,212 0 6,212
Restructuring charges 7,317 14,549 17,504 35,866
Total operating expenses 263,427 307,996 531,298 623,969
Operating income (loss) 1,681 1,013 (18,263) (27,268)
Interest expense 7,353 11,067 15,474 21,759
Other income (expense) - net 507 (555) 26,417 (2,442)
Income (loss) before income taxes (5,165) (10,609) (7,320) (51,469)
Provision for income taxes 1,444 (3,372) 11,051 3,273
Net income (loss) (6,609) (7,237) (18,371) (54,742)
Less: Net income attributable to noncontrolling interests 702 563 1,182 1,331
Net income (loss) attributable to Fossil Group, Inc. (7,311) (7,800) (19,553) (56,073)
Other comprehensive income (loss), net of taxes:        
Currency translation adjustment (304) (19,057) (2,794) (6,756)
Cash flow hedges - net change (1,845) 14,350 (2,854) 13,193
Total other comprehensive income (loss) (2,149) (4,707) (5,648) 6,437
Total comprehensive income (loss) (8,758) (11,944) (24,019) (48,305)
Less: Comprehensive income attributable to noncontrolling interests 702 563 1,182 1,331
Comprehensive income (loss) attributable to Fossil Group, Inc. $ (9,460) $ (12,507) $ (25,201) $ (49,636)
Earnings (loss) per share:        
Basic (in dollars per share) $ (0.15) $ (0.16) $ (0.39) $ (1.15)
Diluted (in dollars per share) $ (0.15) $ (0.16) $ (0.39) $ (1.15)
Weighted average common shares outstanding:        
Basic (in shares) 50,326 49,228 49,972 48,970
Diluted (in shares) 50,326 49,228 49,972 48,970