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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) UNAUDITED - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 28, 2024
Sep. 30, 2023
Sep. 28, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net sales $ 287,819 $ 344,121 $ 802,693 $ 991,123
Cost of sales 145,587 182,458 390,119 512,076
Gross profit 142,232 161,663 412,574 479,047
Operating expenses:        
Selling, general and administrative expenses 160,858 191,433 466,733 569,493
Other long-lived asset impairments 985 622 1,935 838
Restructuring expenses 4,849 16,003 31,575 27,732
Total operating expenses 166,692 208,058 500,243 598,063
Operating income (loss) (24,460) (46,395) (87,669) (119,016)
Interest expense 4,922 5,760 14,116 16,110
Other income (expense) - net 3,617 (3,093) 8,955 6,813
Income (loss) before income taxes (25,765) (55,248) (92,830) (128,313)
Provision (benefit) for income taxes 6,165 5,561 2,257 (34)
Net income (loss) (31,930) (60,809) (95,087) (128,279)
Less: Net income (loss) attributable to noncontrolling interests 101 253 25 574
Net income (loss) attributable to Fossil Group, Inc. (32,031) (61,062) (95,112) (128,853)
Other comprehensive income (loss), net of taxes:        
Currency translation adjustment 7,065 (3,801) 2,948 (1,994)
Cash flow hedges - net change (856) 4,623 (103) 1,646
Pension plan activity 0 0 (19) 0
Total other comprehensive income (loss) 6,209 822 2,826 (348)
Total comprehensive income (loss) (25,721) (59,987) (92,261) (128,627)
Less: Comprehensive income (loss) attributable to noncontrolling interests 101 253 25 574
Comprehensive income (loss) attributable to Fossil Group, Inc. $ (25,822) $ (60,240) $ (92,286) $ (129,201)
Earnings (loss) per share:        
Basic (in dollars per share) $ (0.60) $ (1.16) $ (1.80) $ (2.47)
Diluted (in dollars per share) $ (0.60) $ (1.16) $ (1.80) $ (2.47)
Weighted average common shares outstanding:        
Basic (in shares) 53,171 52,466 52,863 52,219
Diluted (in shares) 53,171 52,466 52,863 52,219