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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Apr. 04, 2020
Mar. 30, 2019
Income Statement [Abstract]    
Net sales $ 390,718 $ 465,268
Cost of sales 250,358 217,341
Gross profit 140,360 247,927
Operating expenses:    
Selling, general and administrative expenses 262,862 257,684
Trade name impairments 2,464 0
Restructuring charges 9,375 10,187
Total operating expenses 274,701 267,871
Operating income (loss) (134,341) (19,944)
Interest expense 7,464 8,122
Other income (expense) - net (7,290) 25,912
Income (loss) before income taxes (149,095) (2,154)
Provision for income taxes (63,651) 9,608
Net income (loss) (85,444) (11,762)
Less: Net income attributable to noncontrolling interests 137 480
Net income (loss) attributable to Fossil Group, Inc. (85,581) (12,242)
Other comprehensive income (loss), net of taxes:    
Currency translation adjustment (11,193) (2,490)
Cash flow hedges - net change 6,242 (1,009)
Total other comprehensive income (loss) (4,951) (3,499)
Total comprehensive income (loss) (90,395) (15,261)
Less: Comprehensive income attributable to noncontrolling interests 137 480
Comprehensive income (loss) attributable to Fossil Group, Inc. $ (90,532) $ (15,741)
Earnings (loss) per share:    
Basic (in dollars per share) $ (1.69) $ (0.25)
Diluted (in dollars per share) $ (1.69) $ (0.25)
Weighted average common shares outstanding:    
Basic (in shares) 50,566 49,618
Diluted (in shares) 50,566 49,618