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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
Oct. 03, 2020
Sep. 28, 2019
Oct. 03, 2020
Sep. 28, 2019
Income Statement [Abstract]        
Net sales $ 435,492 $ 539,488 $ 1,085,218 $ 1,506,149
Cost of sales 205,726 260,946 574,496 714,573
Gross profit 229,766 278,542 510,722 791,576
Operating expenses:        
Selling, general and administrative expenses 206,542 264,103 636,273 777,896
Trade name impairments 0 16,613 2,464 16,613
Restructuring charges 5,713 6,979 25,620 24,483
Total operating expenses 212,255 287,695 664,357 818,992
Operating income (loss) 17,511 (9,153) (153,635) (27,416)
Interest expense 8,047 7,422 23,385 22,897
Other income (expense) - net 0 (1,424) (6,411) 24,995
Income (loss) before income taxes 9,464 (17,999) (183,431) (25,318)
Provision for income taxes (6,759) 6,939 (91,250) 17,991
Net income (loss) 16,223 (24,938) (92,181) (43,309)
Less: Net income (loss) attributable to noncontrolling interests 236 997 (44) 2,179
Net income (loss) attributable to Fossil Group, Inc. 15,987 (25,935) (92,137) (45,488)
Other comprehensive income (loss), net of taxes:        
Currency translation adjustment 11,240 (10,790) 6,544 (13,584)
Cash flow hedges - net change (3,636) 2,424 (3,092) (430)
Total other comprehensive income (loss) 7,604 (8,366) 3,452 (14,014)
Total comprehensive income (loss) 23,827 (33,304) (88,729) (57,323)
Less: Comprehensive income (loss) attributable to noncontrolling interests 236 997 (44) 2,179
Comprehensive income (loss) attributable to Fossil Group, Inc. $ 23,591 $ (34,301) $ (88,685) $ (59,502)
Earnings (loss) per share:        
Basic (in dollars per share) $ 0.31 $ (0.51) $ (1.81) $ (0.91)
Diluted (in dollars per share) $ 0.31 $ (0.51) $ (1.81) $ (0.91)
Weighted average common shares outstanding:        
Basic (in shares) 51,299 50,469 51,007 50,137
Diluted (in shares) 51,754 50,469 51,007 50,137