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CONDENSED CONSOLIDATED BALANCE SHEETS UNAUDITED - USD ($)
$ in Thousands
Jun. 29, 2024
Dec. 30, 2023
Current assets:    
Cash and cash equivalents $ 104,906 $ 117,197
Accounts receivable - net of allowances for doubtful accounts of $15,241 and $12,616, respectively 133,076 187,942
Inventories 202,128 252,834
Prepaid expenses and other current assets 102,299 152,717
Total current assets 542,409 710,690
Property, plant and equipment - net of accumulated depreciation of $368,016 and $384,688, respectively 47,216 57,244
Operating lease right-of-use assets 140,168 151,000
Intangible and other assets-net 55,889 59,096
Total long-term assets 243,273 267,340
Total assets 785,682 978,030
Current liabilities:    
Accounts payable 132,535 147,161
Short-term debt 2,556 480
Accrued expenses:    
Current operating lease liabilities 39,689 43,565
Compensation 37,573 44,789
Royalties 7,572 15,880
Customer liabilities 24,782 37,584
Transaction taxes 6,673 10,412
Other 20,630 27,811
Income taxes payable 7,660 14,795
Total current liabilities 279,670 342,477
Long-term income taxes payable 19,491 20,409
Deferred income tax liabilities 686 698
Long-term debt 156,535 206,983
Long-term operating lease liabilities 125,360 137,644
Other long-term liabilities 16,864 18,081
Total long-term liabilities 318,936 383,815
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Common stock, 53,099 and 52,487 shares issued and outstanding at June 29, 2024 and December 30, 2023, respectively 531 525
Additional paid-in capital 313,581 311,709
Retained (deficit) earnings (44,678) 18,403
Accumulated other comprehensive income (loss) (79,788) (76,405)
Total Fossil Group, Inc. stockholders’ equity 189,646 254,232
Noncontrolling interests (2,570) (2,494)
Total stockholders’ equity 187,076 251,738
Total liabilities and stockholders’ equity $ 785,682 $ 978,030