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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
Oct. 01, 2022
Oct. 02, 2021
Oct. 01, 2022
Oct. 02, 2021
Income Statement [Abstract]        
Net sales $ 436,271 $ 491,827 $ 1,183,292 $ 1,265,808
Cost of sales 216,651 232,305 588,010 601,857
Gross profit 219,620 259,522 595,282 663,951
Operating expenses:        
Selling, general and administrative expenses 196,530 205,718 591,521 593,522
Other long-lived asset impairments 608 551 1,060 6,314
Restructuring charges 0 5,447 5,438 18,716
Total operating expenses 197,138 211,716 598,019 618,552
Operating income (loss) 22,482 47,806 (2,737) 45,399
Interest expense 5,127 6,422 13,445 20,284
Other income (expense) - net (1,859) (482) (1,915) 882
Income (loss) before income taxes 15,496 40,902 (18,097) 25,997
Provision for income taxes 9,214 8,978 15,904 19,177
Net income (loss) 6,282 31,924 (34,001) 6,820
Less: Net income (loss) attributable to noncontrolling interests 433 504 738 1,032
Net income (loss) attributable to Fossil Group, Inc. 5,849 31,420 (34,739) 5,788
Other comprehensive income (loss), net of taxes:        
Currency translation adjustment (13,465) (3,237) (37,437) (12,293)
Cash flow hedges - net change 3,668 2,085 7,836 3,607
Total other comprehensive income (loss) (9,797) (1,152) (29,601) (8,686)
Total comprehensive income (loss) (3,515) 30,772 (63,602) (1,866)
Less: Comprehensive income (loss) attributable to noncontrolling interests 432 504 738 1,032
Comprehensive income (loss) attributable to Fossil Group, Inc. $ (3,947) $ 30,268 $ (64,340) $ (2,898)
Earnings (loss) per share:        
Basic (in dollars per share) $ 0.11 $ 0.60 $ (0.67) $ 0.11
Diluted (in dollars per share) $ 0.11 $ 0.60 $ (0.67) $ 0.11
Weighted average common shares outstanding:        
Basic (in shares) 51,825 52,141 51,843 51,900
Diluted (in shares) 52,052 52,766 51,843 52,738