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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS UNAUDITED - USD ($)
$ in Thousands
 9 Months Ended
Oct. 04, 2025
Sep. 28, 2024
Operating Activities:    
Net income (loss) $ (59,989) $ (95,087)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation, amortization and accretion 9,722 12,241
Non-cash lease expense 42,702 49,158
Stock-based compensation 1,774 2,178
Decrease in allowance for returns and markdowns (5,626) (6,932)
Net gain on disposal of assets (12,521) (4,182)
Property, plant and equipment and other long-lived asset impairment losses 567 1,935
Non-cash restructuring charges 72 501
Bad debt expense 941 5,518
Loss on extinguishment of debt 1,722 0
Other non-cash items 1,827 2,497
Changes in operating assets and liabilities:    
Accounts receivable 6,859 8,248
Inventories 19,345 26,602
Prepaid expenses and other current assets 5,221 79,620
Accounts payable (29,805) 13,279
Accrued expenses (13,719) (17,773)
Income taxes 8,923 (6,162)
Operating lease liabilities (51,113) (55,470)
Net cash (used in) provided by operating activities (73,098) 16,171
Investing Activities:    
Additions to property, plant and equipment (1,431) (4,724)
Decrease in intangible and other assets 1,838 1,048
Proceeds from the sale of property, plant and equipment 21,432 7,822
Net cash provided by investing activities 21,839 4,146
Financing Activities:    
Acquisition of common stock (162) (111)
Distribution of noncontrolling interest earnings (4,299) 0
Debt borrowings 98,950 69,708
Debt payments (89,127) (102,981)
Payment for shares of Fossil Accessories South Africa Pty. Ltd. 0 (422)
Debt issuance costs (7,418) 0
Net cash used in financing activities (2,056) (33,806)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 12,482 2,643
Net decrease in cash, cash equivalents, and restricted cash (40,833) (10,846)
Cash, cash equivalents, and restricted cash:    
Beginning of period 126,592 121,583
End of period $ 85,759 $ 110,737