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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS UNAUDITED - USD ($)
$ in Thousands
 6 Months Ended
Jun. 29, 2024
Jul. 01, 2023
Operating Activities:    
Net income (loss) $ (63,157) $ (67,470)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation, amortization and accretion 8,407 9,868
Non-cash lease expense 33,154 37,848
Stock-based compensation 1,625 3,049
Decrease in allowance for returns and markdowns (8,867) (11,017)
Property, plant and equipment and other long-lived asset impairment losses 950 215
Non-cash restructuring charges 501 0
Bad debt expense 4,404 (19)
Other non-cash items 753 (3,473)
Changes in operating assets and liabilities:    
Accounts receivable 48,846 48,337
Inventories 45,825 52,814
Prepaid expenses and other current assets 50,514 (17,854)
Accounts payable (12,543) (49,890)
Accrued expenses (24,330) (23,960)
Income taxes (8,278) (17,722)
Operating lease liabilities (38,818) (43,774)
Net cash provided by (used in) operating activities 38,986 (83,048)
Investing Activities:    
Additions to property, plant and equipment and other (3,423) (4,569)
Decrease (increase) in intangible and other assets 335 (176)
Net cash used in investing activities (3,088) (4,745)
Financing Activities:    
Acquisition of common stock (111) (516)
Debt borrowings 33,781 75,142
Debt payments (82,724) (49,008)
Payment for shares of Fossil Accessories South Africa Pty. Ltd. (422) (2,316)
Net cash (used in) provided by financing activities (49,476) 23,302
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 1,076 (2,648)
Net decrease in cash, cash equivalents, and restricted cash (12,502) (67,139)
Cash, cash equivalents, and restricted cash:    
Beginning of period 121,583 204,075
End of period $ 109,081 $ 136,936