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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2019
Sep. 29, 2018
Sep. 28, 2019
Sep. 29, 2018
Income Statement [Abstract]        
Net sales $ 539,488 $ 608,827 $ 1,506,149 $ 1,754,566
Cost of sales 260,946 282,295 714,573 831,333
Gross profit 278,542 326,532 791,576 923,233
Operating expenses:        
Selling, general and administrative expenses 264,103 297,804 777,896 879,694
Trade name impairments 16,613 0 16,613 6,212
Restructuring charges 6,979 6,075 24,483 41,942
Total operating expenses 287,695 303,879 818,992 927,848
Operating income (loss) (9,153) 22,653 (27,416) (4,615)
Interest expense 7,422 9,899 22,897 31,658
Other income (expense) - net (1,424) (2,895) 24,995 (5,338)
Income (loss) before income taxes (17,999) 9,859 (25,318) (41,611)
Provision for income taxes 6,939 3,937 17,991 7,209
Net income (loss) (24,938) 5,922 (43,309) (48,820)
Less: Net income attributable to noncontrolling interests 997 916 2,179 2,247
Net income (loss) attributable to Fossil Group, Inc. (25,935) 5,006 (45,488) (51,067)
Other comprehensive income (loss), net of taxes:        
Currency translation adjustment (10,790) (1,380) (13,584) (8,136)
Cash flow hedges - net change 2,424 2,704 (430) 15,897
Total other comprehensive income (loss) (8,366) 1,324 (14,014) 7,761
Total comprehensive income (loss) (33,304) 7,246 (57,323) (41,059)
Less: Comprehensive income attributable to noncontrolling interests 997 916 2,179 2,247
Comprehensive income (loss) attributable to Fossil Group, Inc. $ (34,301) $ 6,330 $ (59,502) $ (43,306)
Earnings (loss) per share:        
Basic (in dollars per share) $ (0.51) $ 0.10 $ (0.91) $ (1.04)
Diluted (in dollars per share) $ (0.51) $ 0.10 $ (0.91) $ (1.04)
Weighted average common shares outstanding:        
Basic (in shares) 50,469 49,381 50,137 49,107
Diluted (in shares) 50,469 50,659 50,137 49,107