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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jul. 04, 2020
Dec. 28, 2019
Current assets:    
Cash and cash equivalents $ 277,561 $ 200,218
Accounts receivable - net of allowances for doubtful accounts of $16,496 and $13,234, respectively 130,083 289,744
Inventories 375,906 452,278
Prepaid expenses and other current assets 98,123 117,218
Total current assets 881,673 1,059,458
Property, plant and equipment - net of accumulated depreciation of $467,478 and $464,913, respectively 133,334 151,500
Operating lease right-of-use assets 253,884 288,166
Intangible and other assets-net 182,438 105,608
Total long-term assets 569,656 545,274
Total assets 1,451,329 1,604,732
Current liabilities:    
Accounts payable 127,927 172,191
Short-term and current portion of long-term debt 25,166 26,228
Accrued expenses:    
Current operating lease liabilities 67,755 68,838
Compensation 46,427 51,573
Royalties 33,818 28,427
Customer liabilities 62,509 80,803
Transaction taxes 15,988 25,683
Other 65,325 76,209
Income taxes payable 18,823 29,228
Total current liabilities 463,738 559,180
Long-term income taxes payable 33,041 31,284
Deferred income tax liabilities 2,103 2,097
Long-term debt 243,920 178,796
Long-term operating lease liabilities 270,056 288,689
Other long-term liabilities 41,908 40,845
Total long-term liabilities 591,028 541,711
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Common stock, 51,293 and 50,516 shares issued and outstanding at July 4, 2020 and December 28, 2019, respectively 513 505
Additional paid-in capital 288,641 283,371
Retained earnings 191,669 299,793
Accumulated other comprehensive income (loss) (84,767) (80,615)
Total Fossil Group, Inc. stockholders’ equity 396,056 503,054
Noncontrolling interests 507 787
Total stockholders’ equity 396,563 503,841
Total liabilities and stockholders’ equity $ 1,451,329 $ 1,604,732