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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) UNAUDITED - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Apr. 02, 2022
Apr. 03, 2021
Income Statement [Abstract]    
Net sales $ 375,853 $ 363,042
Cost of sales 191,540 180,453
Gross profit 184,313 182,589
Operating expenses:    
Selling, general and administrative expenses 195,758 187,324
Other long-lived asset impairments 286 4,500
Restructuring charges 2,551 7,520
Total operating expenses 198,595 199,344
Operating income (loss) (14,282) (16,755)
Interest expense 3,997 7,331
Other income (expense) - net 1,618 1,864
Income (loss) before income taxes (16,661) (22,222)
Provision for income taxes 4,687 2,117
Net income (loss) (21,348) (24,339)
Less: Net income (loss) attributable to noncontrolling interests 166 101
Net income (loss) attributable to Fossil Group, Inc. (21,514) (24,440)
Other comprehensive income (loss), net of taxes:    
Currency translation adjustment (7,885) (10,121)
Cash flow hedges - net change 1,098 1,742
Total other comprehensive income (loss) (6,787) (8,379)
Total comprehensive income (loss) (28,135) (32,718)
Less: Comprehensive income (loss) attributable to noncontrolling interests 166 101
Comprehensive income (loss) attributable to Fossil Group, Inc. $ (28,301) $ (32,819)
Earnings (loss) per share:    
Basic (in dollars per share) $ (0.41) $ (0.47)
Diluted (in dollars per share) $ (0.41) $ (0.47)
Weighted average common shares outstanding:    
Basic (in shares) 51,999 51,519
Diluted (in shares) 51,999 51,519