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CONDENSED CONSOLIDATED BALANCE SHEETS UNAUDITED - USD ($)
$ in Thousands
Jul. 02, 2022
Jan. 01, 2022
Current assets:    
Cash and cash equivalents $ 167,067 $ 250,844
Accounts receivable - net of allowances for doubtful accounts of $16,477 and $16,388, respectively 176,517 255,131
Inventories 437,909 346,850
Prepaid expenses and other current assets 183,295 169,930
Total current assets 964,788 1,022,755
Property, plant and equipment - net of accumulated depreciation of $427,065 and $436,663, respectively 80,559 89,767
Operating lease right-of-use assets 168,615 177,597
Intangible and other assets-net 69,462 78,600
Total long-term assets 318,636 345,964
Total assets 1,283,424 1,368,719
Current liabilities:    
Accounts payable 208,732 229,877
Short-term and current portion of long-term debt 570 554
Accrued expenses:    
Current operating lease liabilities 51,518 58,721
Compensation 42,453 73,595
Royalties 14,875 38,714
Customer liabilities 32,594 40,886
Transaction taxes 2,810 17,147
Other 44,935 46,675
Income taxes payable 22,797 29,478
Total current liabilities 421,284 535,647
Long-term income taxes payable 23,059 20,452
Deferred income tax liabilities 479 504
Long-term debt 248,905 141,354
Long-term operating lease liabilities 163,908 174,520
Other long-term liabilities 31,764 30,884
Total long-term liabilities 468,115 367,714
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Common stock, 51,807 and 52,146 shares issued and outstanding at July 2, 2022 and January 1, 2022, respectively 518 521
Additional paid-in capital 304,775 300,848
Retained earnings 179,060 229,132
Accumulated other comprehensive income (loss) (87,079) (67,275)
Total Fossil Group, Inc. stockholders’ equity 397,274 463,226
Noncontrolling interests (3,249) 2,132
Total stockholders’ equity 394,025 465,358
Total liabilities and stockholders’ equity $ 1,283,424 $ 1,368,719