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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS UNAUDITED - USD ($)
$ in Thousands
 3 Months Ended
Apr. 05, 2025
Mar. 30, 2024
Operating Activities:    
Net income (loss) $ (17,850) $ (24,314)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation, amortization and accretion 3,441 4,475
Non-cash lease expense 14,975 16,771
Stock-based compensation 593 1,011
Decrease in allowance for returns and markdowns (4,538) (2,957)
Property, plant and equipment and other long-lived asset impairment losses 79 373
Non-cash restructuring charges 59 101
Bad debt expense 155 2,459
Other non-cash items (778) 625
Contingent consideration remeasurement 0 (154)
Changes in operating assets and liabilities:    
Accounts receivable 40,505 49,089
Inventories (328) 25,015
Prepaid expenses and other current assets (6,709) (14,391)
Accounts payable (41,123) (3,270)
Accrued expenses (30,462) (25,543)
Income taxes 1,006 (8,731)
Operating lease liabilities (19,381) (19,937)
Net cash (used in) provided by operating activities (60,356) 622
Investing Activities:    
Additions to property, plant and equipment and other (285) (1,678)
Decrease in intangible and other assets 987 348
Net cash provided by (used in) investing activities 702 (1,330)
Financing Activities:    
Acquisition of common stock (3) (3)
Distribution of noncontrolling interest earnings 3,920 0
Debt borrowings 39,338 13,815
Debt payments (25,176) (18,093)
Payment for shares of Fossil Accessories South Africa Pty. Ltd. 0 (422)
Net cash provided by (used in) financing activities 10,239 (4,703)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 4,087 691
Net decrease in cash, cash equivalents, and restricted cash (45,328) (4,720)
Cash, cash equivalents, and restricted cash:    
Beginning of period 126,592 121,583
End of period $ 81,264 $ 116,863