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CONDENSED CONSOLIDATED BALANCE SHEETS UNAUDITED - USD ($)
$ in Thousands
Jul. 01, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 132,107 $ 198,726
Accounts receivable - net of allowances for doubtful accounts of $11,575 and $14,647, respectively 162,700 206,133
Inventories 323,914 376,028
Prepaid expenses and other current assets 178,836 164,413
Total current assets 797,557 945,300
Property, plant and equipment - net of accumulated depreciation of $416,987 and $415,172, respectively 75,881 79,882
Operating lease right-of-use assets 144,949 156,947
Intangible and other assets-net 54,976 55,999
Total long-term assets 275,806 292,828
Total assets 1,073,363 1,238,128
Current liabilities:    
Accounts payable 139,842 191,141
Short-term debt 446 342
Accrued expenses:    
Current operating lease liabilities 45,041 49,702
Compensation 43,297 44,259
Royalties 9,092 20,875
Customer liabilities 28,565 41,996
Transaction taxes 7,078 14,303
Other 41,401 40,424
Income taxes payable 6,774 22,878
Total current liabilities 321,536 425,920
Long-term income taxes payable 20,602 22,603
Deferred income tax liabilities 612 616
Long-term debt 243,027 216,132
Long-term operating lease liabilities 135,062 150,188
Other long-term liabilities 15,622 19,660
Total long-term liabilities 414,925 409,199
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Common stock, 52,446 and 51,836 shares issued and outstanding at July 1, 2023 and December 31, 2022, respectively 524 518
Additional paid-in capital 308,768 306,241
Retained earnings 107,700 175,491
Accumulated other comprehensive income (loss) (77,488) (76,318)
Total Fossil Group, Inc. stockholders’ equity 339,504 405,932
Noncontrolling interests (2,602) (2,923)
Total stockholders’ equity 336,902 403,009
Total liabilities and stockholders’ equity $ 1,073,363 $ 1,238,128