XML 36 R25.htm IDEA: XBRL DOCUMENT v3.23.2

FINANCIAL STATEMENT POLICIES (Tables)

6 Months Ended

Jul. 01, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table reconciles the numerators and denominators used in the computations of both basic and diluted EPS (in thousands, except per share data):

			For the 13 Weeks Ended July 1, 2023						For the 13 Weeks Ended July 2, 2022						For the 26 Weeks Ended July 1, 2023						For the 26 Weeks Ended July 2, 2022
Numerator:
Net income (loss) attributable to Fossil Group, Inc.			$	(26,529)					$	(19,074)					$	(67,791)					$	(40,588)
Denominator:
Basic EPS computation:
Basic weighted average common shares outstanding			52,349						51,707						52,095						51,853
Basic EPS			$	(0.51)					$	(0.37)					$	(1.30)					$	(0.78)
Diluted EPS computation:
Diluted weighted average common shares outstanding			52,349						51,707						52,095						51,853
Diluted EPS			$	(0.51)					$	(0.37)					$	(1.30)					$	(0.78)

Schedule of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of the cash, cash equivalents, and restricted cash balances as of July 1, 2023 and July 2, 2022 that are presented in the condensed consolidated statement of cash flows (in thousands):

			July 1, 2023						July 2, 2022
Cash and cash equivalents			$	132,107					$	167,067
Restricted cash included in prepaid expenses and other current assets			107						110
Restricted cash included in intangible and other assets-net			4,722						12,178
Cash, cash equivalents and restricted cash			$	136,936					$	179,355

Schedule of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of the cash, cash equivalents, and restricted cash balances as of July 1, 2023 and July 2, 2022 that are presented in the condensed consolidated statement of cash flows (in thousands):

			July 1, 2023						July 2, 2022
Cash and cash equivalents			$	132,107					$	167,067
Restricted cash included in prepaid expenses and other current assets			107						110
Restricted cash included in intangible and other assets-net			4,722						12,178
Cash, cash equivalents and restricted cash			$	136,936					$	179,355

X

- References

No definition available.

+ Details

Name:	us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of cash and cash equivalents.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfCashAndCashEquivalentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of cash and cash equivalents restricted as to withdrawal or usage.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(1)(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 8
-SubTopic 10
-Topic 230
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482913/230-10-50-8

+ Details

Name:	us-gaap_ScheduleOfRestrictedCashAndCashEquivalentsTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration