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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. 01, 2023
Jul. 02, 2022
Jul. 01, 2023
Jul. 02, 2022
Income Statement [Abstract]        
Net sales $ 321,966 $ 371,168 $ 647,002 $ 747,021
Cost of sales 165,299 179,819 329,618 371,359
Gross profit 156,667 191,349 317,384 375,662
Operating expenses:        
Selling, general and administrative expenses 187,187 199,233 378,060 394,991
Other long-lived asset impairments 161 165 216 452
Restructuring expenses 4,632 2,887 11,729 5,438
Total operating expenses 191,980 202,285 390,005 400,881
Operating income (loss) (35,313) (10,936) (72,621) (25,219)
Interest expense 5,345 4,322 10,350 8,318
Other income (expense) - net 7,172 (1,674) 9,906 (56)
Income (loss) before income taxes (33,486) (16,932) (73,065) (33,593)
Provision (benefit) for income taxes (7,198) 2,003 (5,595) 6,690
Net income (loss) (26,288) (18,935) (67,470) (40,283)
Less: Net income (loss) attributable to noncontrolling interests 241 139 321 305
Net income (loss) attributable to Fossil Group, Inc. (26,529) (19,074) (67,791) (40,588)
Other comprehensive income (loss), net of taxes:        
Currency translation adjustment (4,090) (16,087) 1,807 (23,972)
Cash flow hedges - net change (191) 3,070 (2,977) 4,168
Total other comprehensive income (loss) (4,281) (13,017) (1,170) (19,804)
Total comprehensive income (loss) (30,569) (31,952) (68,640) (60,087)
Less: Comprehensive income (loss) attributable to noncontrolling interests 241 139 321 305
Comprehensive income (loss) attributable to Fossil Group, Inc. $ (30,810) $ (32,091) $ (68,961) $ (60,392)
Earnings (loss) per share:        
Basic (in dollars per share) $ (0.51) $ (0.37) $ (1.30) $ (0.78)
Diluted (in dollars per share) $ (0.51) $ (0.37) $ (1.30) $ (0.78)
Weighted average common shares outstanding:        
Basic (in shares) 52,349 51,707 52,095 51,853
Diluted (in shares) 52,349 51,707 52,095 51,853