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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) UNAUDITED - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jul. 02, 2022
Jul. 03, 2021
Jul. 02, 2022
Jul. 03, 2021
Income Statement [Abstract]        
Net sales $ 371,168 $ 410,939 $ 747,021 $ 773,981
Cost of sales 179,819 189,100 371,359 369,553
Gross profit 191,349 221,839 375,662 404,428
Operating expenses:        
Selling, general and administrative expenses 199,233 200,480 394,991 387,803
Other long-lived asset impairments 165 1,263 452 5,763
Restructuring charges 2,887 5,749 5,438 13,270
Total operating expenses 202,285 207,492 400,881 406,836
Operating income (loss) (10,936) 14,347 (25,219) (2,408)
Interest expense 4,322 6,531 8,318 13,863
Other income (expense) - net (1,674) (500) (56) 1,365
Income (loss) before income taxes (16,932) 7,316 (33,593) (14,906)
Provision for income taxes 2,003 8,081 6,690 10,198
Net income (loss) (18,935) (765) (40,283) (25,104)
Less: Net income (loss) attributable to noncontrolling interests 139 427 305 528
Net income (loss) attributable to Fossil Group, Inc. (19,074) (1,192) (40,588) (25,632)
Other comprehensive income (loss), net of taxes:        
Currency translation adjustment (16,087) 1,065 (23,972) (9,056)
Cash flow hedges - net change 3,070 (220) 4,168 1,522
Total other comprehensive income (loss) (13,017) 845 (19,804) (7,534)
Total comprehensive income (loss) (31,952) 80 (60,087) (32,638)
Less: Comprehensive income (loss) attributable to noncontrolling interests 139 427 305 528
Comprehensive income (loss) attributable to Fossil Group, Inc. $ (32,091) $ (347) $ (60,392) $ (33,166)
Earnings (loss) per share:        
Basic (in dollars per share) $ (0.37) $ (0.02) $ (0.78) $ (0.50)
Diluted (in dollars per share) $ (0.37) $ (0.02) $ (0.78) $ (0.50)
Weighted average common shares outstanding:        
Basic (in shares) 51,707 52,040 51,853 51,779
Diluted (in shares) 51,707 52,040 51,853 51,779