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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
Jun. 29, 2024
Jul. 01, 2023
Jun. 29, 2024
Jul. 01, 2023
Income Statement [Abstract]        
Net sales $ 259,991 $ 321,966 $ 514,874 $ 647,002
Cost of sales 123,140 165,299 244,531 329,618
Gross profit 136,851 156,667 270,343 317,384
Operating expenses:        
Selling, general and administrative expenses 153,604 187,187 305,876 378,060
Other long-lived asset impairments 577 161 950 216
Restructuring expenses 16,673 4,632 26,726 11,729
Total operating expenses 170,854 191,980 333,552 390,005
Operating income (loss) (34,003) (35,313) (63,209) (72,621)
Interest expense 4,082 5,345 9,194 10,350
Other income (expense) - net 1,450 7,172 5,338 9,906
Income (loss) before income taxes (36,635) (33,486) (67,065) (73,065)
Provision (benefit) for income taxes 2,208 (7,198) (3,908) (5,595)
Net income (loss) (38,843) (26,288) (63,157) (67,470)
Less: Net income (loss) attributable to noncontrolling interests (58) 241 (76) 321
Net income (loss) attributable to Fossil Group, Inc. (38,785) (26,529) (63,081) (67,791)
Other comprehensive income (loss), net of taxes:        
Currency translation adjustment (1,631) (4,090) (4,117) 1,807
Cash flow hedges - net change 107 (191) 753 (2,977)
Pension plan activity 0 0 (19) 0
Total other comprehensive income (loss) (1,524) (4,281) (3,383) (1,170)
Total comprehensive income (loss) (40,367) (30,569) (66,540) (68,640)
Less: Comprehensive income (loss) attributable to noncontrolling interests (58) 241 (76) 321
Comprehensive income (loss) attributable to Fossil Group, Inc. $ (40,309) $ (30,810) $ (66,464) $ (68,961)
Earnings (loss) per share:        
Basic (in dollars per share) $ (0.73) $ (0.51) $ (1.20) $ (1.30)
Diluted (in dollars per share) $ (0.73) $ (0.51) $ (1.20) $ (1.30)
Weighted average common shares outstanding:        
Basic (in shares) 52,927 52,349 52,709 52,095
Diluted (in shares) 52,927 52,349 52,709 52,095