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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS UNAUDITED - USD ($)
$ in Thousands
 6 Months Ended
Jul. 01, 2023
Jul. 02, 2022
Operating Activities:    
Net income (loss) $ (67,470) $ (40,283)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, amortization and accretion 9,868 11,947
Non-cash lease expense 37,848 40,976
Stock-based compensation 3,049 6,085
Decrease in allowance for returns and markdowns (11,017) (12,181)
Property, plant and equipment and other long-lived asset impairment losses 215 452
Non-cash restructuring charges 0 876
Bad debt (recovery) expense (19) 3,917
Other non-cash items (3,473) 7,250
Changes in operating assets and liabilities:    
Accounts receivable 48,337 70,745
Inventories 52,814 (107,449)
Prepaid expenses and other current assets (17,854) (16,277)
Accounts payable (49,890) (17,339)
Accrued expenses (23,960) (62,676)
Income taxes (17,722) (3,979)
Operating lease liabilities (43,774) (47,843)
Net cash used in operating activities (83,048) (165,779)
Investing Activities:    
Additions to property, plant and equipment and other (4,569) (4,462)
(Increase) decrease in intangible and other assets (176) 637
Net cash used in investing activities (4,745) (3,825)
Financing Activities:    
Acquisition of common stock (516) (12,431)
Distribution of noncontrolling interest earnings and other 0 (6,069)
Debt borrowings 75,142 177,906
Debt payments (49,008) (71,221)
Payment for shares of Fossil Accessories South Africa Pty. Ltd. (2,316) 0
Net cash provided by financing activities 23,302 88,185
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (2,648) (3,798)
Net decrease in cash, cash equivalents, and restricted cash (67,139) (85,217)
Cash, cash equivalents, and restricted cash:    
Beginning of period 204,075 264,572
End of period $ 136,936 $ 179,355