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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) UNAUDITED - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jul. 03, 2021
Jul. 04, 2020
Jul. 03, 2021
Jul. 04, 2020
Income Statement [Abstract]        
Net sales $ 410,939 $ 259,009 $ 773,981 $ 649,727
Cost of sales 189,100 118,413 369,553 368,771
Gross profit 221,839 140,596 404,428 280,956
Operating expenses:        
Selling, general and administrative expenses 200,480 163,503 387,803 409,222
Trade name impairments 0 0 0 2,464
Other long-lived asset impairments 1,263 3,366 5,763 20,509
Restructuring charges 5,749 10,532 13,270 19,907
Total operating expenses 207,492 177,401 406,836 452,102
Operating income (loss) 14,347 (36,805) (2,408) (171,146)
Interest expense 6,531 7,874 13,863 15,338
Other income (expense) - net (500) 879 1,365 (6,411)
Income (loss) before income taxes 7,316 (43,800) (14,906) (192,895)
Provision for income taxes 8,081 (20,840) 10,198 (84,491)
Net income (loss) (765) (22,960) (25,104) (108,404)
Less: Net income (loss) attributable to noncontrolling interests 427 (417) 528 (280)
Net income (loss) attributable to Fossil Group, Inc., basic (1,192) (22,543) (25,632) (108,124)
Net income (loss) attributable to Fossil Group, Inc., diluted (1,192) (22,543) (25,632) (108,124)
Other comprehensive income (loss), net of taxes:        
Currency translation adjustment 1,065 6,497 (9,056) (4,696)
Cash flow hedges - net change (220) (5,698) 1,522 544
Total other comprehensive income (loss) 845 799 (7,534) (4,152)
Total comprehensive income (loss) 80 (22,161) (32,638) (112,556)
Less: Comprehensive income (loss) attributable to noncontrolling interests 427 (417) 528 (280)
Comprehensive income (loss) attributable to Fossil Group, Inc. $ (347) $ (21,744) $ (33,166) $ (112,276)
Earnings (loss) per share:        
Basic (in dollars per share) $ (0.02) $ (0.44) $ (0.50) $ (2.13)
Diluted (in dollars per share) $ (0.02) $ (0.44) $ (0.50) $ (2.13)
Weighted average common shares outstanding:        
Basic (in shares) 52,040,000 51,189,000 51,779,000 50,866,000
Diluted (in shares) 52,040,000 51,189,000 51,779,000 50,866,000