Fossil (FOSL) 10-Q 9 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 02, 2018
Document and Entity Information
Entity Registrant Name	Fossil Group, Inc.
Entity Central Index Key	883,569
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-30
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding (in shares)		49,389,289
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 30, 2017
Current assets:
Cash and cash equivalents	$ 241,797	$ 231,244
Accounts receivable - net of allowances of $25,085 and $88,128, respectively	204,651	367,013
Inventories	497,814	573,788
Prepaid expenses and other current assets	125,000	118,943
Total current assets	1,069,262	1,290,988
Property, plant and equipment - net of accumulated depreciation of $445,685 and $431,914, respectively	200,113	219,742
Intangible and other assets-net	136,826	147,642
Total long-term assets	336,939	367,384
Total assets	1,406,201	1,658,372
Current liabilities:
Accounts payable	139,464	204,981
Short-term and current portion of long-term debt	127,721	2,144
Accrued expenses:
Compensation	56,149	70,725
Royalties	15,028	39,874
Customer liabilities	56,066	27,946
Transaction taxes	22,229	36,547
Other	78,507	109,211
Income taxes payable	12,341	17,660
Total current liabilities	507,505	509,088
Long-term income taxes payable	41,154	47,093
Deferred income tax liabilities	2,464	1,096
Long-term debt	268,367	443,942
Other long-term liabilities	69,864	76,206
Total long-term liabilities	381,849	568,337
Commitments and contingencies (Note 13)
Stockholders’ equity:
Common stock, 49,339 and 48,643 shares issued and outstanding at June 30, 2018 and December 30, 2017, respectively	493	486
Additional paid-in capital	257,269	242,263
Retained earnings	327,038	409,653
Accumulated other comprehensive income (loss)	(69,832)	(76,269)
Total Fossil Group, Inc. stockholders’ equity	514,968	576,133
Noncontrolling interest	1,879	4,814
Total stockholders’ equity	516,847	580,947
Total liabilities and stockholders’ equity	$ 1,406,201	$ 1,658,372

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2018	Dec. 30, 2017
Statement of Financial Position [Abstract]
Accounts receivable - allowances	$ 25,085	$ 88,128
Property, plant and equipment, accumulated depreciation	$ 445,685	$ 431,914
Common stock, shares issued (in shares)	49,339	48,643
Common stock, shares outstanding (in shares)	49,339	48,643

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Income Statement [Abstract]
Net sales	$ 576,583	$ 596,846	$ 1,145,739	$ 1,178,636
Cost of sales	267,574	295,499	549,038	587,771
Gross profit	309,009	301,347	596,701	590,865
Operating expenses:
Selling, general and administrative expenses	287,235	314,210	581,891	622,707
Goodwill and trade name impairments	6,212	407,128	6,212	407,128
Restructuring charges	14,549	9,765	35,866	36,049
Total operating expenses	307,996	731,103	623,969	1,065,884
Operating income (loss)	1,013	(429,756)	(27,268)	(475,019)
Interest expense	11,067	11,641	21,759	20,025
Other income (expense) - net	(555)	2,002	(2,442)	7,640
Income (loss) before income taxes	(10,609)	(439,395)	(51,469)	(487,404)
Provision for income taxes	(3,372)	(96,296)	3,273	(97,516)
Net income (loss)	(7,237)	(343,099)	(54,742)	(389,888)
Less: Net income attributable to noncontrolling interest	563	1,613	1,331	3,010
Net income (loss) attributable to Fossil Group, Inc.	(7,800)	(344,712)	(56,073)	(392,898)
Other comprehensive income (loss), net of taxes:
Currency translation adjustment	(19,057)	16,461	(6,756)	26,856
Cash flow hedges - net change	14,350	(9,592)	13,193	(11,593)
Total other comprehensive income (loss)	(4,707)	6,869	6,437	15,263
Total comprehensive income (loss)	(11,944)	(336,230)	(48,305)	(374,625)
Less: Comprehensive income attributable to noncontrolling interest	563	1,613	1,331	3,010
Comprehensive income (loss) attributable to Fossil Group, Inc.	$ (12,507)	$ (337,843)	$ (49,636)	$ (377,635)
Earnings (loss) per share:
Basic (in dollars per share)	$ (0.16)	$ (7.11)	$ (1.15)	$ (8.12)
Diluted (in dollars per share)	$ (0.16)	$ (7.11)	$ (1.15)	$ (8.12)
Weighted average common shares outstanding:
Basic (in shares)	49,228	48,484	48,970	48,399
Diluted (in shares)	49,228	48,484	48,970	48,399

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017
Operating Activities:
Net Income (loss)	$ (54,742)	$ (389,888)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation, amortization and accretion	31,092	42,085
Stock-based compensation	11,253	14,131
Decrease in allowance for returns and markdowns	(31,563)	(12,129)
Loss on disposal of assets	660	1,538
Property, plant and equipment and other long-lived asset impairment losses	1,648	2,722
Goodwill and trade name impairments	6,212	407,128
Non-cash restructuring charges	7,403	4,420
Increase in allowance for doubtful accounts	2,172	2,795
Loss on extinguishment of debt	(718)	0
Deferred income taxes and other	8,106	(100,272)
Contingent consideration remeasurement	(1,257)	0
Changes in operating assets and liabilities, net of effect of acquisitions:
Accounts receivable	205,517	166,647
Inventories	33,878	(64,483)
Prepaid expenses and other current assets	12,571	(6,494)
Accounts payable	(65,892)	(1,836)
Accrued expenses	(79,135)	(28,259)
Income taxes payable	(11,291)	(2,715)
Net cash provided by operating activities	77,350	35,390
Investing Activities:
Additions to property, plant and equipment	(6,264)	(12,788)
(Increase) decrease in intangible and other assets	(524)	523
Proceeds from the sale of property, plant and equipment	115	25
Net cash used in investing activities	(6,673)	(12,240)
Financing Activities:
Proceeds from exercise of stock options	185	0
Net settlement of restricted grants, restricted stock units and preferred stock units	(1,925)	(907)
Distribution of noncontrolling interest earnings	(4,224)	(427)
Debt borrowings	804,573	766,048
Debt payments	(849,573)	(752,354)
Payment for shares of Fossil Accessories South Africa Pty. Ltd.	(1,547)	0
Debt issuance costs	(7,253)	(5,896)
Net cash (used in) provided by financing activities	(59,764)	6,464
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	1,048	(7,257)
Net increase in cash, cash equivalents, and restricted cash	11,961	22,357
Cash, cash equivalents, and restricted cash:
Beginning of period	231,655	297,862
End of period	$ 243,616	$ 320,219

FINANCIAL STATEMENT POLICIES

FINANCIAL STATEMENT POLICIES	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
FINANCIAL STATEMENT POLICIES	FINANCIAL STATEMENT POLICIES Basis of Presentation. The condensed consolidated financial statements include the accounts of Fossil Group, Inc., a Delaware corporation, and its wholly and majority-owned subsidiaries (the “Company”). The condensed consolidated financial statements reflect all adjustments that are, in the opinion of management, necessary to present a fair statement of the Company’s financial position as of June 30, 2018 , and the results of operations for the thirteen-week periods ended June 30, 2018 (“ Second Quarter”) and July 1, 2017 (“Prior Year Quarter”), respectively, and the twenty-six week periods ended June 30, 2018 (“Year To Date Period”) and July 1, 2017 (“Prior Year YTD Period”). All adjustments are of a normal, recurring nature. These interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Annual Report on Form 10-K filed by the Company pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), for the fiscal year ended December 30, 2017 (the “ 2017 Form 10-K”). Operating results for the Second Quarter are not necessarily indicative of the results to be achieved for the full fiscal year. The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), which require the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the periods reported. Actual results could differ from those estimates. The Company has not made any changes in its significant accounting policies from those disclosed in the 2017 Form 10-K, other than the adoption of Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers (Topic 606) ("ASU 2014-09"). Business. The Company is a global design, marketing and distribution company that specializes in consumer fashion accessories. Its principal offerings include an extensive line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts and sunglasses. In the watch and jewelry product categories, the Company has a diverse portfolio of globally recognized owned and licensed brand names under which its products are marketed. The Company's products are distributed globally through various distribution channels, including wholesale in countries where it has a physical presence, direct to the consumer through its retail stores and commercial websites and through third-party distributors in countries where the Company does not maintain a physical presence. The Company's products are offered at varying price points to meet the needs of its customers, whether they are value-conscious or luxury oriented. Based on its extensive range of accessory products, brands, distribution channels and price points, the Company is able to target style-conscious consumers across a wide age spectrum on a global basis. Hedging Instruments. The Company is exposed to certain market risks relating to foreign exchange rates and interest rates. The Company actively monitors and attempts to mitigate, but does not eliminate, these exposures using derivative instruments, including foreign exchange forward contracts (" forward contracts ") and interest rate swaps. The Company’s foreign subsidiaries periodically enter into forward contracts to hedge the future payment of intercompany inventory transactions denominated in U.S. dollars. Additionally, the Company enters into forward contracts to manage fluctuations in Japanese yen exchange rates that will be used to settle future third-party inventory component purchases by a U.S. dollar functional currency subsidiary. If the Company was to settle its euro, Canadian dollar, British pound, Japanese yen, Mexican peso, Australian dollar and U.S dollar forward contracts as of June 30, 2018 , the result would have been a net gain of approximately $5.0 million , net of taxes. This unrealized gain is recognized in other comprehensive income (loss), net of taxes on the Company's consolidated statements of income (loss) and comprehensive income (loss). Additionally, to the extent that any of these contracts are not considered to be perfectly effective in offsetting the change in the value of the cash flows being hedged, any changes in fair value relating to the ineffective portion of these contracts would be recognized in other income (expense)-net on the Company's consolidated statements of income (loss) and comprehensive income (loss). Also, the Company entered into an interest rate swap agreement in order to manage its variable rate debt obligations. The underlying debt related to the interest rate swap was extinguished during the fourth quarter of fiscal year 2017 and the interest rate swap expired during the Second Quarter. To reduce exposure to changes in currency exchange rates adversely affecting the Company’s investment in foreign currency-denominated subsidiaries, the Company periodically enters into forward contracts designated as net investment hedges. Both realized and unrealized gains and losses from net investment hedges are recognized in the cumulative translation adjustment component of other comprehensive income (loss), and will be reclassified into earnings in the event the Company's underlying investments are liquidated or disposed. The Company does not enter into derivative financial instruments for trading or speculative purposes. See “Note 10—Derivatives and Risk Management” for additional disclosures about the Company’s use of derivatives. Operating Expenses. Operating expenses include selling, general and administrative expenses (“SG&A”), goodwill and trade name impairment and restructuring charges. SG&A expenses include selling and distribution expenses primarily consisting of sales and distribution labor costs, sales distribution center and warehouse facility costs, depreciation expense related to sales distribution and warehouse facilities, the four-wall operating costs of the Company’s retail stores, point-of-sale expenses, advertising expenses and art, design and product development labor costs. SG&A also includes general and administrative expenses primarily consisting of administrative support labor and “back office” or support costs such as treasury, legal, information services, accounting, internal audit, human resources, executive management costs and costs associated with stock-based compensation. Restructuring charges include costs to reorganize, refine and optimize the Company’s infrastructure as well as store closure expenses. During the Second Quarter, the SKAGEN trade name with a carrying amount of $27.3 million was written down to its implied fair value of $21.1 million , resulting in a pre-tax impairment charges of $6.2 million . In the Prior Year Quarter, the Company fully impaired goodwill and recognized pre-tax impairment charge in operations of $202.3 million , $114.3 million and $42.9 million in the Americas, Europe and Asia segments, respectively. Also in the Prior Year Quarter, the Company recognized pre-tax impairment charges in operations of $28.3 million , $11.8 million , and $7.6 million related to the SKAGEN, MISFIT and MICHELE trade names, respectively. Earnings (Loss) Per Share (“EPS”). Basic EPS is based on the weighted average number of common shares outstanding during each period. Diluted EPS adjusts basic EPS for the effects of dilutive common stock equivalents outstanding during each period using the treasury stock method. The following table reconciles the numerators and denominators used in the computations of both basic and diluted EPS (in thousands, except per share data): For the 13 Weeks Ended June 30, 2018 For the 13 Weeks Ended July 1, 2017 For the 26 Weeks Ended June 30, 2018 For the 26 Weeks Ended July 1, 2017 Numerator: Net income (loss) attributable to Fossil Group, Inc. $ (7,800 ) $ (344,712 ) $ (56,073 ) $ (392,898 ) Denominator: Basic EPS computation: Basic weighted average common shares outstanding 49,228 48,484 48,970 48,399 Basic EPS $ (0.16 ) $ (7.11 ) $ (1.15 ) $ (8.12 ) Diluted EPS computation: Basic weighted average common shares outstanding 49,228 48,484 48,970 48,399 Diluted weighted average common shares outstanding 49,228 48,484 48,970 48,399 Diluted EPS $ (0.16 ) $ (7.11 ) $ (1.15 ) $ (8.12 ) At the end of the Second Quarter and Year To Date Period, approximately 5.2 million and 5.1 million weighted average shares issuable under stock-based awards, respectively, were not included in the diluted EPS calculation because they were antidilutive. The total antidilutive weighted average shares included approximately 1.2 million weighted average performance-based shares at the end of the Second Quarter and Year To Date Period. At the end of the Prior Year Quarter and Prior Year YTD Period, approximately 4.7 million and 4.1 million weighted average shares issuable under stock-based awards, respectively, were not included in the diluted EPS calculation because they were antidilutive. The total antidilutive weighted average shares included approximately 1.2 million and 1.1 million weighted average performance-based shares at the end of the Prior Year Quarter and Prior Year YTD Period, respectively. Recently Issued Accounting Standards In February 2018, the Financial Accounting Standards Board ("FASB") issued ASU 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income ("ASU 2018-02"). The current standard, ASC Topic 740 - Income Taxes , requires deferred tax liabilities and assets to be adjusted for the effect of a change in tax laws or rates with the effect included in income from continuing operations in the reporting period that includes the enactment date. This includes the tax effects of items in accumulated other comprehensive income ("AOCI") that were originally recognized in other comprehensive income, subsequently creating stranded tax effects. ASU 2018-02 allows a reclassification from AOCI to retained earnings for stranded tax effects specifically resulting from the U.S. federal government's recently enacted tax bill, the Tax Cuts and Jobs Act. The guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within those periods. Early adoption is permitted. The Company does not expect this standard to have a material impact on the Company's consolidated results of operations or financial position. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities ("ASU 2017-12"). ASU 2017-12 amends and simplifies hedge accounting guidance in order to enable entities to better portray the economics of their risk management activities. The guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within those periods. Early adoption is permitted. The Company is currently evaluating the impact of the standard on its consolidated financial statements and related disclosures. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842): Amendments to the FASB Accounting Standards Codification® (“ASU 2016-02”), which supersedes the existing guidance for lease accounting, Leases (Topic 840) . ASU 2016-02 requires lessees to recognize leases on their balance sheets, and modifies accounting, presentation and disclosure for both lessors and lessees. ASU 2016-02 requires a modified retrospective approach for all leases existing at, or entered into after, the date of initial application, with an option to elect to use certain transition relief. ASU 2016-02 is effective for annual periods, and interim periods within those years, beginning after December 15, 2018. Early adoption is permitted. In July 2018, the FASB issued ASU 2018-10, Codification Improvements to Topic 842, Leases which updates narrow aspects of the guidance issued in ASU 2016-02. In July 2018, the FASB issued ASU 2018-11, Leases (Topic 842): Targeted Improvements ("ASU 2018-11") which allows entities to initially apply the new standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. Many of the Company’s leases are considered operating leases and are not capitalized under ASC 840. Under ASC 842 the majority of these leases will qualify for capitalization and will result in the recognition of lease assets and lease liabilities once the new standard is adopted. The Company is in the process of gathering a complete inventory of its lease contracts and is implementing a new lease accounting system to capture, track and account for lease data. The Company plans to adopt the standard using the optional transition method presented in ASU 2018-11 and expects the standard to have a material impact on the Company's financial position. Recently Adopted Accounting Standards In May 2014, the FASB issued ASU 2014-09 and subsequently issued guidance that amended ASU 2014-09. ASU 2014-09 affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company adopted ASU 2014-09 on December 31, 2017, the first day of fiscal 2018, using the modified retrospective approach. Under this method of adoption, guidance in ASU 2014-09 was applied to open contracts as of December 30, 2017, the end of fiscal 2017. The cumulative effect of initially applying the new revenue standard was a reduction to opening retained earnings, with the impact primarily related to the accelerated recognition of markdowns. Results from reporting periods beginning on December 31, 2017 are presented under ASU 2014-09, while prior period amounts are not adjusted. See “Note 2—Revenue” for additional disclosures about the Company’s revenue recognition policy and the impact of adoption. In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230) : Restricted Cash ("ASU 2016-18"). ASU 2016-18 requires that a statement of cash flows explain the change during the period in total cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. ASU 2016-18 was effective for the Company beginning fiscal year 2018 and changed the presentation of the condensed consolidated statements of cash flows to now include restricted cash and cash equivalents as well as previously reported cash and cash equivalents in reconciling the period change. The Company adopted ASU 2016-18 using a retrospective transition method. The following table provides a reconciliation of the cash, cash equivalents, and restricted cash balances as of June 30, 2018 and July 1, 2017 that are presented in the condensed consolidated statement of cash flows (in thousands): June 30, 2018 July 1, 2017 Cash and cash equivalents $ 241,797 $ 319,824 Restricted cash included in prepaid expenses and other current assets 32 33 Restricted cash included in intangible and other assets-net 1,787 362 Cash, cash equivalents and restricted cash $ 243,616 $ 320,219 The following provisions, which had no material impact on the Company’s financial position, results of operations or cash flows, were also adopted effective the first quarter of fiscal year 2018: • ASU 2018-03, Technical Corrections and Improvements to Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities • ASU 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting • ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business • ASU 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory • ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments • ASU 2016-04, Liabilities—Extinguishments of Liabilities (Subtopic 405-20)- Recognition of Breakage for Certain Prepaid Stored-Value Products

REVENUE

REVENUE	6 Months Ended
	Jun. 30, 2018
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE The Company’s revenue consists of sales of finished products to customers through wholesale and retail channels. Revenue from the sale of products, including those that are subject to inventory consignment agreements, is recognized when control of the product is transferred to the customer and in an amount that reflects the consideration the Company expects to be entitled in exchange for the product. The Company generally considers control to transfer either when products ship or when products are delivered depending on the shipping terms in the agreement or purchase order. The Company considers control to have transferred upon shipment or delivery because the Company has a present right to payment, the customer has legal title to the product, the Company has transferred physical possession of the product, and the customer has the significant risks and rewards of the product. Taxes imposed by governmental authorities on the Company's revenue-producing activities with customers, such as sales taxes and value added taxes, are excluded from net sales. The following tables summarize the impact of adopting ASU 2014-09 on the Company's condensed consolidated balance sheets as of June 30, 2018 and the Company's condensed consolidated statements of income (loss) and comprehensive income (loss) for the Second Quarter and Year To Date Period (in thousands): June 30, 2018 As Reported Without Adoption of ASU 2014-09 Impact of Adoption of ASU 2014-09 Assets Accounts receivable $ 204,651 $ 184,394 $ 20,257 Inventories 497,814 514,571 (16,757 ) Prepaid expenses and other current assets 125,000 103,448 21,552 Liabilities Customer liabilities $ 56,066 $ 16,146 $ 39,920 For the 13 Weeks Ended June 30, 2018 As Reported Without Adoption of ASU 2014-09 Impact of Adoption of ASU 2014-09 Net sales $ 576,583 $ 568,165 $ 8,418 Cost of sales 267,574 272,369 (4,795 ) For the 26 Weeks Ended June 30, 2018 As Reported Without Adoption of ASU 2014-09 Impact of Adoption of ASU 2014-09 Net sales $ 1,145,739 $ 1,136,156 $ 9,583 Cost of sales 549,038 548,922 116 Retained Earnings Adjustments. The following table presents the changes in the retained earnings balance including the cumulative effect of adopting ASU 2014-09, net of taxes (in thousands): Retained Earnings Balance at December 30, 2017 $ 409,653 Net income (loss) (56,073 ) Markdowns adjustment, net of taxes (27,325 ) Sales adjustment, net of taxes 783 Balance at June 30, 2018 $ 327,038 Markdowns. The Company provides markdowns to certain customers in order to facilitate sales of select styles. Markdowns are estimated at the time of sale using historical data and are recorded as a reduction to revenue. Prior to the adoption of ASU 2014-09, markdowns were not recorded until agreed upon with the customer. The Company's policy is to record its markdown allowance as a reduction of accounts receivable. Returns. The Company accepts limited returns and may request that a customer return a product if the customer has an excess of any style that the Company has identified as being a poor performer for that customer or geographic location. The Company continually monitors returns and maintains a provision for estimated returns based upon historical experience and any specific issues identified. Product returns are accounted for as reductions to revenue, cost of sales, customer liabilities and an increase to other current assets to the extent the returned product is resalable. While returns have historically been within management's expectations and the provisions established, future return rates may differ from those experienced in the past. In the event that the Company's products are performing poorly in the retail market and/or it experiences product damages or defects at a rate significantly higher than the historical rate, the resulting returns could have an adverse impact on the operating results for the period or periods in which such returns occur. Cooperative Advertising. The Company participates in cooperative advertising programs with its major retail customers, whereby the Company shares the cost of certain of their advertising and promotional expenses. Certain advertising expenses that were previously recorded in SG&A are now recorded as a sales discount due to the requirement under ASU 2014-09 that the service be considered distinct to qualify as a separate performance obligation. All other cooperative advertising expenses continue to be recorded in SG&A. Multiple Performance Obligations. The Company enters into contracts with customers for its wearable technology that includes multiple performance obligations. Each distinct performance obligation was determined by whether the customer could benefit from the good or service on its own or together with readily available resources. The Company allocates revenue to each performance obligation based on its relative standalone selling price. The Company’s process for determining standalone selling price considers multiple factors including the Company’s internal pricing model and market trends that may vary depending upon the facts and circumstances related to each performance obligation. Revenue allocated to the hardware and software essential to the functionality of the product represents the majority of the arrangement consideration and is recognized at the time of product delivery, provided the other conditions for revenue recognition have been met. Revenue allocated to free software services provided through the Company's online dashboard and mobile apps as well as revenue allocated to the right to receive future unspecified software updates is deferred and recognized on a straight-line basis over the product's estimated usage period of two years. Disaggregation of Revenue. The Company's revenue disaggregated by major product category and timing of revenue recognition was as follows (in thousands): For the 13 Weeks Ended June 30, 2018 Americas Europe Asia Total Product type Watches $ 221,637 $ 136,760 $ 104,593 $ 462,990 Leathers 42,757 12,915 12,248 67,920 Jewelry 10,454 21,151 1,499 33,104 Other 4,415 5,214 2,940 12,569 Consolidated $ 279,263 $ 176,040 $ 121,280 $ 576,583 Timing of revenue recognition Revenue recognized at a point in time $ 278,726 $ 175,792 $ 121,160 $ 575,678 Revenue recognized over time 537 248 120 905 Consolidated $ 279,263 $ 176,040 $ 121,280 $ 576,583 For the 26 Weeks Ended June 30, 2018 Americas Europe Asia Total Product type Watches $ 417,314 $ 287,555 $ 205,736 $ 910,605 Leathers 81,087 30,953 25,139 137,179 Jewelry 22,477 49,658 2,774 74,909 Other 7,454 9,989 5,603 23,046 Consolidated $ 528,332 $ 378,155 $ 239,252 $ 1,145,739 Timing of revenue recognition Revenue recognized at a point in time $ 527,339 $ 377,683 $ 239,028 $ 1,144,050 Revenue recognized over time 993 472 224 1,689 Consolidated $ 528,332 $ 378,155 $ 239,252 $ 1,145,739 Practical Expedients and Contract Balances. As of June 30, 2018 , the Company had no material contract assets on the Company's condensed consolidated balance sheets and no deferred contract costs. The Company had contract liabilities of $5.1 million and $4.6 million as of June 30, 2018 and December 30, 2017 , respectively, primarily related to remaining performance obligations on wearable technology products. Additionally, the Company had contract liabilities of $6.7 million and $7.2 million as of June 30, 2018 and December 30, 2017 , respectively, related to gift cards issued. The Company does not disclose remaining performance obligations related to contracts with durations of one year or less as allowed by the practical expedient applicable to such contracts. These remaining performance obligations primarily relate to unfilled customer orders that will be satisfied in less than one year. This includes confirmed orders and orders that the Company believes will be confirmed by delivery of a formal purchase order. The amount of unfilled customer orders is affected by a number of factors, including seasonality and the scheduling of the manufacture and shipment of products. The Company has also elected to adopt the practical expedient related to shipping and handling fees which allows the Company to account for shipping and handling activities that occur after control of the related good transfers as fulfillment activities instead of assessing such activities as performance obligations.

INVENTORIES

INVENTORIES	6 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories consisted of the following (in thousands): June 30, 2018 December 30, 2017 Components and parts $ 32,700 $ 52,837 Work-in-process 11,374 15,983 Finished goods 453,740 504,968 Inventories $ 497,814 $ 573,788

WARRANTY LIABILITIES

WARRANTY LIABILITIES	6 Months Ended
	Jun. 30, 2018
Product Warranties Disclosures [Abstract]
WARRANTY LIABILITIES	WARRANTY LIABILITIES The Company’s warranty liability is recorded in accrued expenses-other in the Company’s condensed consolidated balance sheets. Warranty liability activity consisted of the following (in thousands): For the 26 Weeks Ended June 30, 2018 For the 26 Weeks Ended July 1, 2017 Beginning balance $ 19,405 $ 15,421 Settlements in cash or kind (5,566 ) (3,838 ) Warranties issued and adjustments to preexisting warranties (1) 5,652 4,674 Ending balance $ 19,491 $ 16,257 _______________________________________________ (1) Changes in cost estimates related to preexisting warranties are aggregated with accruals for new standard warranties issued and foreign currency changes.

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company’s income tax (benefit) expense and related effective rates were as follows (in thousands, except percentage data): For the 13 Weeks Ended June 30, 2018 For the 13 Weeks Ended July 1, 2017 For the 26 Weeks Ended June 30, 2018 For the 26 Weeks Ended July 1, 2017 Income tax (benefit) expense $ (3,372 ) $ (96,296 ) $ 3,273 $ (97,516 ) Effective tax rate 31.8 % 21.9 % (6.4 )% 20.0 % The higher effective tax rate in the Second Quarter as compared to the Prior Year Quarter was primarily due to the accrual of an income tax benefit related to a change in the method of accounting for inventory to the lower of cost or market method for the 2017 income tax return, which will lower taxable income from previous estimates. This favorable impact was partially offset by the fact that there was no tax benefit accrued on the deferred tax assets and net operating losses ("NOLs") of the U.S. and certain foreign entities due to the uncertainty of future income being generated to utilize the NOLs. For these entities in a loss position, the Company has accrued valuation allowances on the deferred tax assets and the NOLs, whereas in the Prior Year Quarter the Company accrued a tax benefit on most deferred tax assets and NOLs. The Second Quarter tax rate was also negatively impacted by the Global Intangible Low-Taxed Income (“GILTI”) provision of the Tax Cuts and Jobs Act signed into law last year, whereby certain foreign income inclusions absorb the U.S. NOL, effectively resulting in no tax benefit derived on the loss. The year to date tax rate is negative due to the accrual of income tax expense on entities with positive taxable income against a consolidated year to date loss combined with the impact of the GILTI provision. This negative impact was partially offset by net favorable discrete adjustments relating to the 2017 income tax provision. The Company made reasonable estimates and recorded provisional amounts in its financial statements for fiscal year 2017 as permitted under Staff Accounting Bulletin No. 118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act, and expects to make additional changes to the estimate during the year as it refines the calculations and implements future expected guidance and regulations from the U.S. Department of Treasury and the Internal Revenue Service. As of June 30, 2018 , the Company's total amount of unrecognized tax benefits, excluding interest and penalties, was $36.1 million , which would favorably impact the effective tax rate in future periods, if recognized. The Company is subject to examinations in various state and foreign jurisdictions for its 2011-2016 tax years, none of which the Company believes are significant, individually or in the aggregate. Tax audit outcomes and timing of tax audit settlements are subject to significant uncertainty. The Company has classified uncertain tax positions as long-term income taxes payable, unless such amounts are expected to be settled within twelve months of the condensed consolidated balance sheet date. As of June 30, 2018 , the Company had recorded $5.8 million of unrecognized tax benefits, excluding interest and penalties, for positions that are expected to be settled within the next twelve months. Consistent with its past practice, the Company recognizes interest and/or penalties related to income tax overpayments and income tax underpayments in income tax expense and income taxes receivable/payable. At June 30, 2018 , the total amount of accrued income tax-related interest and penalties included in the condensed consolidated balance sheets was $3.4 million and $1.0 million , respectively. For the Second Quarter and Year To Date Period, the Company accrued income tax related interest expense of $0.3 million and $0.5 million , respectively.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2018
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY Common Stock Repurchase Programs. Purchases of the Company’s common stock are made from time to time pursuant to its repurchase programs, subject to market conditions and at prevailing market prices, through the open market. Repurchased shares of common stock are recorded at cost and become authorized but unissued shares which may be issued in the future for general corporate or other purposes. The Company may terminate or limit its stock repurchase program at any time. In the event the repurchased shares are canceled, the Company accounts for retirements by allocating the repurchase price to common stock, additional paid-in capital and retained earnings. The repurchase price allocation is based upon the equity contribution associated with historical issuances. The repurchase programs are conducted pursuant to Rule 10b-18 of the Securities Exchange Act of 1934. At December 30, 2017 and June 30, 2018 , all treasury stock had been effectively retired. As of June 30, 2018 , the Company had $824.2 million of repurchase authorizations remaining under its combined repurchase programs. The Company is currently prohibited by the terms of its Credit Agreement (as defined in Note 14) from repurchasing additional shares of common stock and did not repurchase any common stock under its authorized stock repurchase plans during the Second Quarter, Prior Year Quarter, Year To Date Period or Prior Year YTD Period. Controlling and Noncontrolling Interest. The following tables summarize the changes in equity attributable to controlling and noncontrolling interest (in thousands): Fossil Group, Inc. Stockholders’ Equity Noncontrolling Interest Total Stockholders’ Equity Balance at December 30, 2017 $ 576,133 $ 4,814 $ 580,947 Net income (loss) (56,073 ) 1,331 (54,742 ) Cumulative effect of change in accounting principle, net of tax of $1.1 million (See Note 2—Revenue) (26,542 ) — (26,542 ) Currency translation adjustment (6,756 ) — (6,756 ) Cash flow hedges - net change 13,193 — 13,193 Common stock issued upon exercise of stock options 185 — 185 Distribution of noncontrolling interest earnings and other 42 (4,266 ) (4,224 ) Net settlement of restricted stock units and preferred stock units to satisfy employee tax withholding upon vesting (1,925 ) — (1,925 ) Stock-based compensation expense 16,711 — 16,711 Balance at June 30, 2018 $ 514,968 $ 1,879 $ 516,847 Fossil Group, Inc. Stockholders’ Equity Noncontrolling Interest Total Stockholders’ Equity Balance at December 31, 2016 $ 1,006,236 $ 9,202 $ 1,015,438 Net income (loss) (392,898 ) 3,010 (389,888 ) Currency translation adjustment 26,856 — 26,856 Cash flow hedges - net change (11,593 ) — (11,593 ) Distribution of noncontrolling interest earnings — (427 ) (427 ) Net settlement of restricted grants, restricted stock units and preferred stock units to satisfy employee tax withholding upon vesting (907 ) — (907 ) Stock-based compensation expense 15,335 — 15,335 Balance at July 1, 2017 $ 643,029 $ 11,785 $ 654,814 The Company has entered into an agreement to purchase the outstanding minority interest shares in Fossil Accessories South Africa Pty. Ltd. (‘‘Fossil South Africa’’), representing the entire noncontrolling interest in the subsidiary. The purchase price is based on variable payments through fiscal year 2021, assuming the put option is exercised by the seller each year. The Company made payments of $1.5 million during the Year To Date Period towards the purchase price. The present value of the purchase price is $4.0 million as of June 30, 2018 . The transaction was accounted for as an equity transaction. The Company recorded $1.5 million of the variable consideration in accrued expenses-other and $2.5 million in other long-term liabilities in the consolidated balance sheets at June 30, 2018 .

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	6 Months Ended
	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
EMPLOYEE BENEFIT PLANS	EMPLOYEE BENEFIT PLANS Stock-Based Compensation Plans. The following table summarizes stock options and stock appreciation rights activity during the Second Quarter: Stock Options and Stock Appreciation Rights Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Term Aggregate Intrinsic Value (in Thousands) (in Years) (in Thousands) Outstanding at March 31, 2018 2,077 $ 50.14 2.0 $ — Granted — — Exercised (14 ) 13.65 — Forfeited or expired (60 ) 48.38 Outstanding at June 30, 2018 2,003 50.44 1.8 307 Exercisable at June 30, 2018 1,417 $ 55.82 1.8 $ 307 The aggregate intrinsic value shown in the table above is before income taxes and is based on (i) the exercise price for outstanding and exercisable options/rights at June 30, 2018 and (ii) the fair market value of the Company’s common stock on the exercise date for options/rights that were exercised during the Second Quarter. Stock Options and Stock Appreciation Rights Outstanding and Exercisable. The following tables summarize information with respect to stock options and stock appreciation rights outstanding and exercisable at June 30, 2018 : Cash Stock Appreciation Rights Outstanding Cash Stock Appreciation Rights Exercisable Range of Number of Weighted- Weighted- Number of Weighted- Average Exercise Price (in Thousands) (in Years) (in Thousands) $29.78 - $47.99 61 $ 36.73 0.7 38 $ 36.73 Total 61 $ 36.73 0.7 38 $ 36.73 Stock Options Outstanding Stock Options Exercisable Range of Exercise Prices Number of Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Term Number of Shares Weighted- (in Thousands) (in Years) (in Thousands) $13.65 - $29.49 22 $ 14.41 0.6 22 $ 14.41 $29.78 - $47.99 43 38.40 1.5 43 38.40 $55.04 - $83.83 87 81.35 2.4 87 81.35 $95.91 - $131.46 123 127.98 3.2 123 127.98 Total 275 $ 90.16 2.5 275 $ 90.16 Stock Appreciation Rights Outstanding Stock Appreciation Rights Exercisable Range of Number of Weighted- Weighted- Number of Weighted- (in Thousands) (in Years) (in Thousands) $13.65 - $29.49 48 $ 29.49 6.1 16 $ 29.49 $29.78 - $47.99 1,423 37.93 1.3 895 38.00 $55.04 - $83.83 110 79.03 4.0 107 79.55 $95.91 - $131.46 86 115.60 2.6 86 115.60 Total 1,667 $ 44.40 1.7 1,104 $ 47.94 Restricted Stock Units and Performance Restricted Stock Units. The following table summarizes restricted stock unit and performance restricted stock unit activity during the Second Quarter: Restricted Stock Units and Performance Restricted Stock Units Number of Shares Weighted-Average Grant Date Fair Value Per Share (in Thousands) Nonvested at March 31, 2018 2,684 $ 17.33 Granted 1,189 15.14 Vested (497 ) 16.15 Forfeited (110 ) 17.59 Nonvested at June 30, 2018 3,266 $ 18.13 The total fair value of restricted stock units vested during the Second Quarter was approximately $7.8 million . Vesting of performance restricted stock units is based on achievement of operating margin growth and achievement of sales growth and operating margin targets in relation to the performance of a certain identified peer group.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Jun. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) The following tables illustrate changes in the balances of each component of accumulated other comprehensive income (loss), net of taxes (in thousands): For the 13 Weeks Ended June 30, 2018 Currency Translation Adjustments Cash Flow Hedges Forward Contracts Pension Plan Total Beginning balance $ (52,198 ) $ (11,255 ) $ (1,672 ) $ (65,125 ) Other comprehensive income (loss) before reclassifications (19,057 ) 15,543 — (3,514 ) Tax (expense) benefit — (1,859 ) — (1,859 ) Amounts reclassed from accumulated other comprehensive income (loss) — (990 ) — (990 ) Tax (expense) benefit — 324 — 324 Total other comprehensive income (loss) (19,057 ) 14,350 — (4,707 ) Ending balance $ (71,255 ) $ 3,095 $ (1,672 ) $ (69,832 ) For the 13 Weeks Ended July 1, 2017 Currency Translation Adjustments Cash Flow Hedges Forward Contracts Interest Rate Swaps Pension Plan Total Beginning balance $ (91,472 ) $ 8,390 $ (41 ) $ (3,907 ) $ (87,030 ) Other comprehensive income (loss) before reclassifications 16,461 (15,306 ) (2 ) — 1,153 Tax (expense) benefit — 6,371 1 — 6,372 Amounts reclassed from accumulated other comprehensive income (loss) — 1,367 (131 ) — 1,236 Tax (expense) benefit — (628 ) 48 — (580 ) Total other comprehensive income (loss) 16,461 (9,674 ) 82 — 6,869 Ending balance $ (75,011 ) $ (1,284 ) $ 41 $ (3,907 ) $ (80,161 ) For the 26 Weeks Ended June 30, 2018 Currency Translation Adjustments Cash Flow Hedges Forward Contracts Pension Plan Total Beginning balance $ (64,499 ) $ (10,098 ) $ (1,672 ) $ (76,269 ) Other comprehensive income (loss) before reclassifications (6,756 ) 7,231 — 475 Tax (expense) benefit — 278 — 278 Amounts reclassed from accumulated other comprehensive income (loss) — (6,946 ) — (6,946 ) Tax (expense) benefit — 1,262 — 1,262 Total other comprehensive income (loss) (6,756 ) 13,193 — 6,437 Ending balance $ (71,255 ) $ 3,095 $ (1,672 ) $ (69,832 ) For the 26 Weeks Ended July 1, 2017 Currency Translation Adjustments Cash Flow Hedges Forward Contracts Interest Rate Swaps Pension Plan Total Beginning balance $ (101,867 ) $ 10,693 $ (343 ) $ (3,907 ) $ (95,424 ) Other comprehensive income (loss) before reclassifications 26,856 (16,468 ) 225 — 10,613 Tax (expense) benefit — 8,660 (82 ) — 8,578 Amounts reclassed from accumulated other comprehensive income (loss) — 6,920 (379 ) — 6,541 Tax (expense) benefit — (2,751 ) 138 — (2,613 ) Total other comprehensive income (loss) 26,856 (11,977 ) 384 — 15,263 Ending balance $ (75,011 ) $ (1,284 ) $ 41 $ (3,907 ) $ (80,161 ) See “Note 10—Derivatives and Risk Management” for additional disclosures about the Company’s use of derivatives.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Company reports segment information based on the “management approach”. The management approach designates the internal reporting used by management for making decisions and assessing performance as the source of the Company’s reportable segments. The Company manages its business primarily on a geographic basis. The Company’s reportable operating segments are comprised of (i) Americas, (ii) Europe and (iii) Asia. Each reportable operating segment includes sales to wholesale and distributor customers, and sales through Company-owned retail stores and e-commerce activities based on the location of the selling entity. The Americas segment primarily includes sales to customers based in Canada, Latin America and the United States. The Europe segment primarily includes sales to customers based in European countries, the Middle East and Africa. The Asia segment primarily includes sales to customers based in Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea, Taiwan and Thailand. Each reportable operating segment provides similar products and services. The Company evaluates the performance of its reportable segments based on net sales and operating income (loss). Net sales for geographic segments are based on the location of the selling entity. Operating income (loss) for each segment includes net sales to third parties, related cost of sales and operating expenses directly attributable to the segment. Global strategic initiatives such as brand building and omni-channel activities and general corporate expenses, including certain administrative, legal, accounting, technology support costs, equity compensation costs, payroll costs attributable to executive management, brand management, product development, art, creative/product design, marketing, strategy, compliance and back office supply chain expenses are not allocated to the various segments because they are managed at the corporate level. The Company does not include intercompany transfers between segments for management reporting purposes. Summary information by operating segment was as follows (in thousands): For the 13 Weeks Ended June 30, 2018 For the 13 Weeks Ended July 1, 2017 Net Sales Operating Income (Loss) Net Sales Operating Income (Loss) Americas $ 279,263 $ 49,158 $ 288,804 $ (166,500 ) Europe 176,040 16,246 194,702 (86,805 ) Asia 121,280 20,574 113,340 (35,658 ) Corporate — (84,965 ) — (140,793 ) Consolidated $ 576,583 $ 1,013 $ 596,846 $ (429,756 ) For the 26 Weeks Ended June 30, 2018 For the 26 Weeks Ended July 1, 2017 Net Sales Operating Income (Loss) Net Sales Operating Income (Loss) Americas $ 528,332 $ 67,238 $ 566,347 $ (140,819 ) Europe 378,155 42,360 390,382 (73,191 ) Asia 239,252 33,940 221,907 (24,701 ) Corporate — (170,806 ) — (236,308 ) Consolidated $ 1,145,739 $ (27,268 ) $ 1,178,636 $ (475,019 ) The following tables reflect net sales for each class of similar products in the periods presented (in thousands, except percentage data): For the 13 Weeks Ended June 30, 2018 For the 13 Weeks Ended July 1, 2017 Net Sales Percentage of Total Net Sales Percentage of Total Watches $ 462,990 80.3 % $ 469,461 78.6 % Leathers 67,920 11.8 69,597 11.7 Jewelry 33,104 5.7 44,285 7.4 Other 12,569 2.2 13,503 2.3 Total $ 576,583 100.0 % $ 596,846 100.0 % For the 26 Weeks Ended June 30, 2018 For the 26 Weeks Ended July 1, 2017 Net Sales Percentage of Total Net Sales Percentage of Total Watches $ 910,605 79.5 % $ 919,231 78.0 % Leathers 137,179 12.0 142,286 12.1 Jewelry 74,909 6.5 92,171 7.8 Other 23,046 2.0 24,948 2.1 Total $ 1,145,739 100.0 % $ 1,178,636 100.0 %

DERIVATIVES AND RISK MANAGEMENT

DERIVATIVES AND RISK MANAGEMENT	6 Months Ended
	Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVES AND RISK MANAGEMENT	DERIVATIVES AND RISK MANAGEMENT Cash Flow Hedges. The primary risks managed by using derivative instruments are the fluctuations in global currencies that will ultimately be used by non-U.S. dollar functional currency subsidiaries to settle future payments of intercompany inventory transactions denominated in U.S. dollars. Specifically, the Company projects future intercompany purchases by its non-U.S. dollar functional currency subsidiaries generally over a period of up to 24 months . The Company enters into forward contracts , generally for up to 85% of the forecasted purchases, to manage fluctuations in global currencies that will ultimately be used to settle such U.S. dollar denominated inventory purchases. Additionally, the Company enters into forward contracts to manage fluctuations in Japanese yen exchange rates that will be used to settle future third-party inventory component purchases by a U.S. dollar functional currency subsidiary. Forward contracts represent agreements to exchange the currency of one country for the currency of another country at an agreed-upon settlement date and exchange rate. These forward contracts are designated as single cash flow hedges. Fluctuations in exchange rates will either increase or decrease the Company’s U.S. dollar equivalent cash flows from these inventory transactions, which will affect the Company’s U.S. dollar earnings. Gains or losses on the forward contracts are expected to offset these fluctuations to the extent the cash flows are hedged by the forward contracts . These forward contracts meet the criteria for hedge accounting, which requires that they represent foreign currency-denominated forecasted transactions in which (i) the operating unit that has the foreign currency exposure is a party to the hedging instrument and (ii) the hedged transaction is denominated in a currency other than the hedging unit’s functional currency. At the inception of each forward contract designated as a cash flow hedge, the hedging relationship is expected to be highly effective in achieving offsetting cash flows attributable to the hedged risk. The Company assesses hedge effectiveness under the critical terms matched method at inception and at least quarterly throughout the life of the hedging relationship. If the critical terms (i.e., amounts, currencies and settlement dates) of the forward contract match the terms of the forecasted transaction, the Company concludes that the hedge is effective. Hedge accounting is discontinued if it is determined that the derivative is not highly effective. For a derivative instrument that is designated and qualifies as a cash flow hedge, the effective portion of the gain or loss on the derivative is reported as a component of accumulated other comprehensive income (loss), net of taxes and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings. Gains and losses on the derivative representing either hedge ineffectiveness or hedge components excluded from the assessment of effectiveness are recognized in current earnings. Due to the high degree of effectiveness between the hedging instruments and the underlying exposures being hedged, the Company’s hedges resulted in no ineffectiveness in the condensed consolidated statements of income (loss) and comprehensive income (loss), and there were no components excluded from the assessment of hedge effectiveness for the Second Quarter, Prior Year Quarter, Year To Date Period or Prior Year YTD Period. All derivative instruments are recognized as either assets or liabilities at fair value in the condensed consolidated balance sheets. The Company records all forward contract hedge assets and liabilities on a gross basis as they do not meet the balance sheet netting criteria because the Company does not have master netting agreements established with the derivative counterparties that would allow for net settlement. Derivatives designated as cash flow hedges are recorded at fair value at each balance sheet date and the change in fair value is recorded to accumulated other comprehensive income (loss) within the equity section of the Company’s condensed consolidated balance sheets until such derivative’s gains or losses become realized or the cash flow hedge relationship is terminated. If the cash flow hedge relationship is terminated, the derivative’s gains or losses that are recorded in accumulated other comprehensive income (loss) are immediately recognized in earnings. There were no gains or losses reclassified into earnings as a result of the discontinuance of cash flow hedges in the Second Quarter, Prior Year Quarter, Year To Date Period or Prior Year YTD Period. As of June 30, 2018 , the Company had the following outstanding forward contracts designated as cash flow hedges that were entered into to hedge the future payments of inventory transactions (in millions): Functional Currency Contract Currency Type Amount Type Amount Euro 165.2 U.S. dollar 196.6 Canadian dollar 61.4 U.S. dollar 47.9 British pound 26.5 U.S. dollar 35.2 Japanese yen 2,556.1 U.S. dollar 23.6 Mexican peso 173.2 U.S. dollar 8.6 Australian dollar 6.9 U.S. dollar 5.3 U.S. dollar 18.1 Japanese yen 1,960.0 Non-designated Hedges. The Company also periodically enters into forward contracts to manage exchange rate risks associated with certain intercompany transactions and for which the Company does not elect hedge accounting treatment. As of June 30, 2018 , the Company had non-designated forward contracts of approximately $1.5 million on 19.0 million rand associated with a South African rand-denominated foreign subsidiary. Changes in the fair value of derivatives not designated as hedging instruments are recognized in earnings when they occur. On July 26, 2013, the Company entered into an approximately five year interest rate swap agreement in order to manage the interest rate risk related to its U.S.-based term loan. During the fourth quarter of fiscal 2017, the Company paid off its U.S.-based term loan which discontinued the interest rate swap cash flow hedge treatment. During the Second Quarter, the interest rate swap expired. The effective portion of gains and losses on cash flow hedges that were recognized in other comprehensive income (loss), net of taxes during the Second Quarter, Prior Year Quarter, Year To Date Period and Prior Year YTD Period are set forth below (in thousands): For the 13 Weeks Ended June 30, 2018 For the 13 Weeks Ended July 1, 2017 Cash flow hedges: Forward contracts $ 13,684 $ (8,935 ) Interest rate swaps — (1 ) Total gain (loss) recognized in other comprehensive income (loss), net of taxes $ 13,684 $ (8,936 ) For the 26 Weeks Ended June 30, 2018 For the 26 Weeks Ended July 1, 2017 Cash flow hedges: Forward contracts $ 7,509 $ (7,808 ) Interest rate swaps — 143 Total gain (loss) recognized in other comprehensive income (loss), net of taxes $ 7,509 $ (7,665 ) The following table illustrates the effective portion of gains and losses on derivative instruments recorded in accumulated other comprehensive income (loss), net of taxes during the term of the hedging relationship and reclassified into earnings, and gains and losses on derivatives not designated as hedging instruments recorded directly to earnings during the Second Quarter, Prior Year Quarter, Year To Date Period and Prior Year YTD Period (in thousands): Derivative Instruments Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) Location Effect of Derivative Instruments For the 13 Weeks Ended June 30, 2018 For the 13 Weeks Ended July 1, 2017 Forward contracts designated as cash flow hedging instruments Other income (expense)-net Total gain (loss) reclassified from accumulated other comprehensive income (loss) $ (666 ) $ 739 Forward contracts not designated as hedging instruments Other income (expense)-net Total gain (loss) recognized in income $ (444 ) $ 50 Interest rate swap designated as a cash flow hedging instrument Interest expense Total gain (loss) reclassified from accumulated other comprehensive income (loss) $ — $ (83 ) Interest rate swap not designated as a cash flow hedging instrument Other income (expense)-net Total gain (loss) recognized in income $ (1 ) $ — Derivative Instruments Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) Location Effect of Derivative Instruments For the 26 Weeks Ended June 30, 2018 For the 26 Weeks Ended July 1, 2017 Forward contracts designated as cash flow hedging instruments Other income (expense)-net Total gain (loss) reclassified from other comprehensive income (loss) $ (5,684 ) $ 4,169 Forward contracts not designated as hedging instruments Other income (expense)-net Total gain (loss) recognized in income $ (101 ) $ 77 Interest rate swap designated as a cash flow hedging instrument Interest expense Total gain (loss) reclassified from other comprehensive income (loss) $ — $ (241 ) Interest rate swap not designated as a cash flow hedging instrument Other income (expense)-net Total gain (loss) recognized in income $ 67 $ — The following table discloses the fair value amounts for the Company’s derivative instruments as separate asset and liability values, presents the fair value of derivative instruments on a gross basis, and identifies the line items in the condensed consolidated balance sheets in which the fair value amounts for these categories of derivative instruments are included (in thousands): Asset Derivatives Liability Derivatives June 30, 2018 December 30, 2017 June 30, 2018 December 30, 2017 Derivative Instruments Condensed Consolidated Balance Sheets Location Fair Value Condensed Consolidated Balance Sheets Location Fair Value Condensed Consolidated Balance Sheets Location Fair Value Condensed Consolidated Balance Sheets Location Fair Value Forward contracts designated as cash flow hedging instruments Prepaid expenses and other current assets $ 5,109 Prepaid expenses and other current assets $ 2,291 Accrued expenses- other $ 4,029 Accrued expenses- other $ 14,798 Forward contracts not designated as cash flow hedging instruments Prepaid expenses and other current assets 90 Prepaid expenses and other current assets — Accrued expenses- other — Accrued expenses- other 362 Interest rate swap not designated as a cash flow hedging instrument Prepaid expenses and other current assets — Prepaid expenses and other current assets 195 Accrued expenses- other — Accrued expenses- other — Forward contracts designated as cash flow hedging instruments Intangible and other assets-net 916 Intangible and other assets-net 147 Other long-term liabilities 46 Other long-term liabilities 2,725 Total $ 6,115 $ 2,633 $ 4,075 $ 17,885 At the end of the Second Quarter, the Company had forward contracts designated as cash flow hedges with maturities extending through December 2019. As of June 30, 2018 , an estimated net gain of $4.2 million is expected to be reclassified into earnings within the next twelve months at prevailing foreign currency exchange rates. See “Note 1—Financial Statement Policies” for additional disclosures on foreign currency hedging instruments.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The Company defines fair value as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Accounting Standards Codification ("ASC") 820, Fair Value Measurement and Disclosures (“ASC 820”), establishes a fair value hierarchy, which prioritizes the inputs used in measuring fair value into three broad levels as follows: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Inputs, other than quoted prices in active markets, that are observable either directly or indirectly. • Level 3 — Unobservable inputs based on the Company’s assumptions. ASC 820 requires the use of observable market data if such data is available without undue cost and effort. The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of June 30, 2018 (in thousands): Fair Value at June 30, 2018 Level 1 Level 2 Level 3 Total Assets: Forward contracts $ — $ 6,115 $ — $ 6,115 Deferred compensation plan assets: Investment in publicly traded mutual funds 4,870 — — 4,870 Total $ 4,870 $ 6,115 $ — $ 10,985 Liabilities: Contingent consideration $ — $ — $ 3,954 $ 3,954 Forward contracts — 4,075 — 4,075 Total $ — $ 4,075 $ 3,954 $ 8,029 The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 30, 2017 (in thousands): Fair Value at December 30, 2017 Level 1 Level 2 Level 3 Total Assets: Forward contracts $ — $ 2,438 $ — $ 2,438 Deferred compensation plan assets: Investment in publicly traded mutual funds 4,806 — — 4,806 Interest rate swap — 195 — 195 Total $ 4,806 $ 2,633 $ — $ 7,439 Liabilities: Contingent consideration $ — $ — $ 6,452 $ 6,452 Forward contracts — 17,885 — 17,885 Total $ — $ 17,885 $ 6,452 $ 24,337 The fair values of the Company’s deferred compensation plan assets are based on quoted prices. The deferred compensation plan assets are recorded in intangible and other assets-net in the Company’s condensed consolidated balance sheets. The fair values of the Company’s forward contracts are based on published quotations of spot currency rates and forward points, which are converted into implied forward currency rates. See “Note 10—Derivatives and Risk Management” for additional disclosures about the forward contracts . As of June 30, 2018 , debt, excluding unamortized debt issuance costs and capital leases, was recorded at cost and had a carrying value of $401.7 million and a fair value of approximately $399.7 million . As of December 30, 2017, debt, excluding unamortized debt issuance costs and capital leases, was recorded at cost and had a carrying value of $445.9 million and a fair value of approximately $439.2 million . The fair value of debt was based on observable market inputs. The fair value of trade names are measured on a non-recurring basis using Level 3 inputs, including forecasted cash flows, discount rates and implied royalty rates. During the Second Quarter, the SKAGEN trade name with a carrying amount of $27.3 million was written down to its implied fair value of $21.1 million , resulting in a pre-tax impairment charge of $6.2 million . The trade name impairment charge was recorded in the Corporate cost area. In accordance with the provisions of ASC 360, Property, Plant and Equipment , property, plant and equipment-net with a carrying amount of $3.0 million related to retail store leasehold improvements, fixturing and shop-in-shops was written down to a fair value of $0.1 million , and related key money in the amount of $0.2 million was deemed not recoverable, resulting in an impairment charge of $3.1 million during the Year To Date Period. The fair values of assets related to Company-owned retail stores were determined using Level 3 inputs. Of the $3.1 million impairment expense, $1.5 million was recorded in SG&A in the Americas segment, $1.4 million was recorded in restructuring charges in the Europe segment and $0.2 million was recorded in SG&A in the Europe segment. The fair value of the contingent consideration liability related to Fossil South Africa was determined using Level 3 inputs. See "Note 6—Stockholders' Equity" for additional disclosures about the equity transaction. The contingent consideration is based on Fossil South Africa's projected earnings and dividends through fiscal year 2020 with the final payments expected the following year. A discount rate of 14% was used to calculate the present value of the contingent consideration. The present value of the contingent consideration liability was valued at $4.0 million as of June 30, 2018 .

INTANGIBLE AND OTHER ASSETS

INTANGIBLE AND OTHER ASSETS	6 Months Ended
	Jun. 30, 2018
INTANGIBLE AND OTHER ASSETS
INTANGIBLE AND OTHER ASSETS	INTANGIBLE AND OTHER ASSETS The following table summarizes intangible and other assets (in thousands): June 30, 2018 December 30, 2017 Useful Gross Accumulated Gross Accumulated Lives Amount Amortization Amount Amortization Intangibles-subject to amortization: Trademarks 10 yrs. $ 4,310 $ 3,773 $ 4,310 $ 3,676 Customer lists 5-10 yrs. 54,545 36,764 55,164 34,023 Patents 3-20 yrs. 2,325 2,148 2,325 2,132 Noncompete agreement 3-6 yrs. 2,542 2,425 2,553 2,243 Developed technology 7 yrs. 36,100 12,893 36,100 10,314 Other 7-20 yrs. 263 245 266 241 Total intangibles-subject to amortization 100,085 58,248 100,718 52,629 Intangibles-not subject to amortization: Trade names 32,424 38,643 Other assets: Key money deposits 26,506 24,234 27,196 23,845 Other deposits 18,863 19,269 Deferred compensation plan assets 4,870 4,806 Deferred tax asset-net 27,702 27,112 Restricted cash 1,787 377 Shop-in-shop 8,492 8,395 8,864 8,606 Tax receivable 478 478 Forward contracts 916 147 Investments 500 500 Other 5,080 4,612 Total other assets 95,194 32,629 93,361 32,451 Total intangible and other assets $ 227,703 $ 90,877 $ 232,722 $ 85,080 Total intangible and other assets-net $ 136,826 $ 147,642 Key money is the amount of funds paid to a landlord or tenant to acquire the rights of tenancy under a commercial property lease for a certain property. Key money represents the “right to lease” with an automatic right of renewal. This right can be subsequently sold by the Company or can be recovered should the landlord refuse to allow the automatic right of renewal to be exercised. Key money is amortized over the initial lease term, which ranges from approximately four to 18 years . Amortization expense for intangible assets was approximately $3.0 million and $3.7 million for the Second Quarter and Prior Year Quarter, respectively, and $6.0 million and $7.4 million for the Year To Date Period and Prior Year YTD Period, respectively. Estimated aggregate future amortization expense by fiscal year for intangible assets is as follows (in thousands): Fiscal Year Amortization Expense 2018 (remaining) $ 5,924 2019 $ 11,491 2020 $ 10,963 2021 $ 7,084 2022 $ 6,254 2023 $ 61

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Litigation. The Company is occasionally subject to litigation or other legal proceedings in the normal course of its business. The Company does not believe that the outcome of any currently pending legal matters, individually or collectively, will have a material effect on the business or financial condition of the Company.

DEBT ACTIVITY

DEBT ACTIVITY	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
DEBT ACTIVITY	DEBT ACTIVITY On January 29, 2018, the Company, as U.S. borrower, and certain of its foreign subsidiaries, as non-U.S. borrowers, entered into a Second Amended and Restated Credit Agreement (the "Credit Agreement"). The Credit Agreement provides for (i) revolving credit loans in the amount of $325 million , subject to a borrowing base (as described below), (the "Revolving Credit Facility"), with an up to $45.0 million subfacility for letters of credit, and (ii) a term loan made to the Company in the amount of $425 million (the "Term Loan Facility"). The Credit Agreement expires and is due and payable on December 31, 2020. Availability under the Revolving Credit Facility and any letters of credit are subject to a borrowing base equal to, (a) with respect to Fossil Group Inc., the sum of (i) 85% of eligible U.S. accounts receivable and 90% of net U.S. credit card receivables (less any dilution reserve), (ii) the lesser of (A) 65% of the lower of cost or market value of eligible U.S. finished good inventory and (B) 85% of the appraised net orderly liquidation value of eligible U.S. finished good inventory, and (iii) until the earlier of (x) March 31, 2018 and (y) the date on which certain foreign subsidiaries of Fossil Group Inc. join the Credit Agreement as non-U.S. borrowers, (A) 35% of eligible foreign accounts receivable of certain pledged foreign subsidiaries, plus (B) the least of (x) 35% of the lower of cost or market value of eligible foreign finished good inventory of such pledged foreign subsidiaries, (y) 35% of the appraised net orderly liquidation value of eligible foreign finished good inventory of such pledged foreign subsidiaries, and (z) $100,000,000 , minus (C) all indebtedness for borrowed money of such pledged foreign subsidiaries (subject to exceptions) minus (iv) the aggregate amount of reserves, if any, established by the Administrative Agent in good faith and in the exercise of reasonable business judgment from the perspective of a secured asset-based lender; and (b) with respect to each non-U.S. borrower, the sum of (i) 85% of eligible accounts receivable of the non-U.S. borrowers (less any dilution reserve) and (ii) the least of (A) 65% of the lower of cost or market value of eligible foreign finished goods inventory of the non-U.S. borrowers, (B) 85% of the appraised net orderly liquidation value of eligible foreign finished goods inventory of the non-U.S. borrowers, and (C) $185,000,000 minus (iii) the aggregate amount of reserves, if any, established by the Administrative Agent in good faith and in the exercise of reasonable business judgment from the perspective of a secured asset-based lender. In connection with the Credit Agreement, the Company and all of its domestic subsidiaries entered into a Collateral Agreement in favor of the Administrative Agent, pursuant to which the Company and such subsidiaries granted liens on all or substantially all of their assets in order to secure the Company’s obligations under the Credit Agreement and the other loan documents (the “Obligations”). Additionally, all of the Company’s domestic subsidiaries entered into a Guaranty Agreement in favor of the Administrative Agent, pursuant to which such subsidiaries guarantee the payment and performance of the Obligations. Additionally, Fossil Group Europe and the other non-U.S. borrowers from time to time party to the Credit Agreement are required to enter into security instruments with respect to all or substantially all of their assets that can be pledged under applicable local law. The Credit Agreement amended and restated that certain credit agreement, dated as of March 9, 2015, as amended, which was scheduled to mature on May 17, 2019 (the "Prior Agreement"). As of January 29, 2018, the Company had $497.0 million in aggregate principal amount of revolving credit loans outstanding and no term loans outstanding under the Prior Agreement, all of which was refinanced on January 29, 2018 with borrowings under the Credit Agreement. No penalties or other early termination fees were incurred in connection with the amendment and restatement of the Prior Agreement. The Company recorded a loss of $0.7 million in other income (expense) - net during the first quarter of fiscal year 2018 for debt issuance costs associated with the Prior Agreement. Amounts outstanding under the Revolving Credit Facility bear interest per annum at the (a) LIBOR rate plus the applicable interest margin, (b) the daily LIBOR rate plus the applicable interest margin or (c) the base rate plus the applicable interest margin. The applicable interest margin varies from 4.00% to 5.00% for LIBOR rate loans and daily LIBOR rate loans and 1.50% to 3.00% for base rate loans and is based on the Company’s average daily excess availability under the Revolving Credit Facility for the most recently ended calendar quarter, which is an amount equal (a) the lesser of (i) $325 million and (ii) the aggregate borrowing base minus (b) the amount of all outstanding borrowings and letter of credit obligations under the Revolving Credit Facility, for each day during the applicable period divided by the number of days in such period. The applicable interest margin will increase by 1% per annum on each anniversary of the closing of the Credit Agreement. The base rate loans under the Revolving Credit Facility are available only to the Company and Fossil Group Europe and loans denominated in U.S. dollars. Amounts outstanding under the Term Loan Facility bear interest at a rate per annum equal to (a) the LIBOR rate plus 7% , increasing to the LIBOR rate plus 8% on the first anniversary of the closing of the Credit Agreement and the LIBOR rate plus 9% on the second anniversary of the closing of the Credit Agreement and thereafter or (b) the base rate plus 5.5% , increasing to the base rate plus 6.5% on the first anniversary of the closing of the Credit Agreement and to the base rate plus 7.5% on the second anniversary of the closing of the Credit Agreement and thereafter. The Company is required to repay the outstanding principal balance of the Term Loan Facility in the amount of $125 million on March 31, 2019, $75 million on March 31, 2020 and the outstanding balance on December 31, 2020. Additionally, loans under the Credit Agreement may be prepaid, in whole or in part, at the option of the Company, in minimum principal amounts of (a) $1.0 million or increments of $1.0 million in excess thereof, with respect to a base rate loan under the Revolving Credit Facility, (b) $5.0 million or increments of $1.0 million in excess thereof, with respect to a LIBOR rate loan or a daily LIBOR rate loan under the Revolving Credit Facility, and (c) $5.0 million or increments of $1.0 million in excess thereof, with respect to the Term Loan Facility. Loans under the Credit Agreement must be repaid with the net cash proceeds of certain asset sales, insurance and condemnation events, certain debt and equity issuances and certain cash dividends received from the Company’s subsidiaries. The Company may permanently reduce the revolving credit commitment at any time, in whole or in part, without premium or penalty, in a minimum aggregate principal amount of not less than $3.0 million or increments of $1.0 million in excess thereof. The Company is required to pay a commitment fee on the unused amounts of the commitments under the Revolving Credit Facility, payable quarterly in arrears, of 0.5% on the average daily unused portion of the overall commitment under the Revolving Credit Facility. The repayment obligation under the Credit Agreement can be accelerated upon the occurrence of an event of default, including the failure to pay principal or interest, a material inaccuracy of a representation or warranty, violation of covenants, cross-default, change in control, bankruptcy events, failure of a loan document provision, certain ERISA events and material judgments. Financial covenants governing the Credit Agreement require the Company to maintain (a) a minimum fixed charge coverage ratio measured quarterly on a rolling twelve-month basis of 1.15 to 1.00 if the Company’s quarter-end balances of cash and cash equivalents plus the excess availability under the Revolving Credit Facility is less than $200 million ; (b) a maximum leverage ratio measured as of the last day of each fiscal quarter for the period of four fiscal quarters ending on such date of (i) 4.5 to 1.0 for the period ending March 31, 2018, (ii) 4.75 to 1.0 for the period ending June 30, 2018, (iii) 5.0 to 1.0 for the period ending September 29, 2018, (iv) 4.25 to 1.0 for the period ending December 29, 2018, (v) 3.75 to 1.0 for each fiscal quarter ending during the period from December 30, 2018 through September 28, 2019, and (vi) 3.5 to 1.0 thereafter; (c) a minimum trailing twelve-month EBITDA tested quarterly of $110 million (beginning with the fiscal quarter ending December 29, 2018); (d) a minimum liquidity covenant of unrestricted cash and cash equivalents plus available and unused capacity under the Revolving Credit Facility equal to $160 million ; and (e) maximum capital expenditures of $35 million per year. Additionally, the Company is restricted from making open market repurchases of its common stock. The Company had no borrowings or payments under the Term Loan during the Second Quarter and net borrowings of $400.0 million under the Term Loan during the Year To Date Period. The Company had net payments of $67.0 million under the Revolving Credit Facility during the Second Quarter and net payments of $445.0 million under the Revolving Credit Facility and revolving credit loans under the Prior Agreement during the Year To Date Period. Amounts available under the Revolving Credit Facility were reduced by any amounts outstanding under standby letters of credit. As of June 30, 2018 , the Company had available borrowing capacity of $245.3 million under the Revolving Credit Facility. The Company incurred approximately $8.9 million and $15.1 million of interest expense related to the Term Loan during the Second Quarter and Year To Date Period, respectively. The Company incurred approximately $0.4 million of interest expense related to the Revolving Credit Facility during the Second Quarter and $3.3 million of interest expense related to the Revolving Credit Facility and the revolving credit loans under the Prior Agreement during the Year To Date Period. The Company incurred approximately $0.9 million and $1.8 million of interest expense related to the amortization of debt issuance costs during the Second Quarter and Year To Date Period, respectively.

RESTRUCTURING

RESTRUCTURING	6 Months Ended
	Jun. 30, 2018
Restructuring and Related Activities [Abstract]
RESTRUCTURING	RESTRUCTURING The Company implemented a multi-year restructuring program that began in fiscal year 2016 called New World Fossil ("NWF"). As part of NWF, the Company targets to improve operating profit and support sales growth through a leaner infrastructure and an enhanced business model. The Company is working to achieve greater efficiencies from production to distribution through activities such as organizational changes, reducing its overall product assortment, optimizing its base cost structure and consolidating facilities. The Company also intends to build a quicker and more responsive operating platform. The Company is reducing its retail footprint to reflect the evolving shopping habits of today's consumer, which results in restructuring costs, such as store impairment, recorded lease obligations and termination fees and accelerated depreciation. Of the total estimated $150 million restructuring charges, approximately $27.8 million , $48.2 million and $35.9 million were recorded during fiscal year 2016, fiscal year 2017 and the Year To Date period, respectively. The Company estimates total fiscal year 2018 NWF restructuring charges of approximately $50 million . The following table shows a rollforward of the accrued liability related to the Company’s restructuring plan (in thousands): For the 13 Weeks Ended June 30, 2018 Liabilities Liabilities March 31, 2018 Charges Cash Payments Non-cash Items June 30, 2018 Store closures $ 4,405 $ 6,434 $ 5,190 $ 234 $ 5,415 Professional services 698 4,119 3,299 — 1,518 Severance and employee-related benefits 3,335 3,996 4,495 — 2,836 Total $ 8,438 $ 14,549 $ 12,984 $ 234 $ 9,769 For the 13 Weeks Ended July 1, 2017 Liabilities Liabilities April 1, 2017 Charges Cash Payments Non-cash Items July 1, 2017 Store closures $ 5,501 $ 3,017 $ 1,060 $ 2,565 $ 4,893 Professional services 92 856 832 — 116 Severance and employee-related benefits 2,103 5,892 5,256 1,204 1,535 Total $ 7,696 $ 9,765 $ 7,148 $ 3,769 $ 6,544 For the 26 Weeks Ended June 30, 2018 Liabilities Liabilities December 30, 2017 Charges Cash Payments Non-cash Items June 30, 2018 Store closures $ 2,973 $ 14,989 $ 10,602 $ 1,945 $ 5,415 Professional services 185 5,277 3,944 — 1,518 Severance and employee-related benefits 1,317 15,600 8,623 5,458 2,836 Total $ 4,475 $ 35,866 $ 23,169 $ 7,403 $ 9,769 For the 26 Weeks Ended July 1, 2017 Liabilities Liabilities December 31, 2016 Charges Cash Payments Non-cash Items July 1, 2017 Store closures $ 4,546 $ 5,741 $ 2,178 $ 3,216 $ 4,893 Professional services 794 1,430 2,108 — 116 Severance and employee-related benefits — 28,878 26,139 1,204 1,535 Total $ 5,340 $ 36,049 $ 30,425 $ 4,420 $ 6,544 Restructuring charges by operating segment were as follows (in thousands): For the 13 Weeks Ended June 30, 2018 For the 13 Weeks Ended July 1, 2017 For the 26 Weeks Ended June 30, 2018 For the 26 Weeks Ended July 1, 2017 Americas $ 8,412 $ 2,179 $ 16,536 $ 7,796 Europe 2,352 2,160 5,719 7,682 Asia 637 3,353 1,331 8,139 Corporate 3,148 2,073 12,280 12,432 Consolidated $ 14,549 $ 9,765 $ 35,866 $ 36,049

FINANCIAL STATEMENT POLICIES (P

FINANCIAL STATEMENT POLICIES (Policies)	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation. The condensed consolidated financial statements include the accounts of Fossil Group, Inc., a Delaware corporation, and its wholly and majority-owned subsidiaries (the “Company”). The condensed consolidated financial statements reflect all adjustments that are, in the opinion of management, necessary to present a fair statement of the Company’s financial position as of June 30, 2018 , and the results of operations for the thirteen-week periods ended June 30, 2018 (“ Second Quarter”) and July 1, 2017 (“Prior Year Quarter”), respectively, and the twenty-six week periods ended June 30, 2018 (“Year To Date Period”) and July 1, 2017 (“Prior Year YTD Period”). All adjustments are of a normal, recurring nature. These interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Annual Report on Form 10-K filed by the Company pursuant to the Securities Exchange Act of 1934, as amended (the “Exchange Act”), for the fiscal year ended December 30, 2017 (the “ 2017 Form 10-K”). Operating results for the Second Quarter are not necessarily indicative of the results to be achieved for the full fiscal year. The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), which require the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the periods reported. Actual results could differ from those estimates. The Company has not made any changes in its significant accounting policies from those disclosed in the 2017 Form 10-K, other than the adoption of Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers (Topic 606) ("ASU 2014-09").
Business	Business. The Company is a global design, marketing and distribution company that specializes in consumer fashion accessories. Its principal offerings include an extensive line of men's and women's fashion watches and jewelry, handbags, small leather goods, belts and sunglasses. In the watch and jewelry product categories, the Company has a diverse portfolio of globally recognized owned and licensed brand names under which its products are marketed. The Company's products are distributed globally through various distribution channels, including wholesale in countries where it has a physical presence, direct to the consumer through its retail stores and commercial websites and through third-party distributors in countries where the Company does not maintain a physical presence. The Company's products are offered at varying price points to meet the needs of its customers, whether they are value-conscious or luxury oriented. Based on its extensive range of accessory products, brands, distribution channels and price points, the Company is able to target style-conscious consumers across a wide age spectrum on a global basis.
Hedging Instruments	Hedging Instruments. The Company is exposed to certain market risks relating to foreign exchange rates and interest rates. The Company actively monitors and attempts to mitigate, but does not eliminate, these exposures using derivative instruments, including foreign exchange forward contracts (" forward contracts ") and interest rate swaps. The Company’s foreign subsidiaries periodically enter into forward contracts to hedge the future payment of intercompany inventory transactions denominated in U.S. dollars. Additionally, the Company enters into forward contracts to manage fluctuations in Japanese yen exchange rates that will be used to settle future third-party inventory component purchases by a U.S. dollar functional currency subsidiary. If the Company was to settle its euro, Canadian dollar, British pound, Japanese yen, Mexican peso, Australian dollar and U.S dollar forward contracts as of June 30, 2018 , the result would have been a net gain of approximately $5.0 million , net of taxes. This unrealized gain is recognized in other comprehensive income (loss), net of taxes on the Company's consolidated statements of income (loss) and comprehensive income (loss). Additionally, to the extent that any of these contracts are not considered to be perfectly effective in offsetting the change in the value of the cash flows being hedged, any changes in fair value relating to the ineffective portion of these contracts would be recognized in other income (expense)-net on the Company's consolidated statements of income (loss) and comprehensive income (loss). Also, the Company entered into an interest rate swap agreement in order to manage its variable rate debt obligations. The underlying debt related to the interest rate swap was extinguished during the fourth quarter of fiscal year 2017 and the interest rate swap expired during the Second Quarter. To reduce exposure to changes in currency exchange rates adversely affecting the Company’s investment in foreign currency-denominated subsidiaries, the Company periodically enters into forward contracts designated as net investment hedges. Both realized and unrealized gains and losses from net investment hedges are recognized in the cumulative translation adjustment component of other comprehensive income (loss), and will be reclassified into earnings in the event the Company's underlying investments are liquidated or disposed. The Company does not enter into derivative financial instruments for trading or speculative purposes.
Operating Expenses	Operating Expenses. Operating expenses include selling, general and administrative expenses (“SG&A”), goodwill and trade name impairment and restructuring charges. SG&A expenses include selling and distribution expenses primarily consisting of sales and distribution labor costs, sales distribution center and warehouse facility costs, depreciation expense related to sales distribution and warehouse facilities, the four-wall operating costs of the Company’s retail stores, point-of-sale expenses, advertising expenses and art, design and product development labor costs. SG&A also includes general and administrative expenses primarily consisting of administrative support labor and “back office” or support costs such as treasury, legal, information services, accounting, internal audit, human resources, executive management costs and costs associated with stock-based compensation. Restructuring charges include costs to reorganize, refine and optimize the Company’s infrastructure as well as store closure expenses.
Earnings (Loss) Per Share (EPS)	Earnings (Loss) Per Share (“EPS”). Basic EPS is based on the weighted average number of common shares outstanding during each period. Diluted EPS adjusts basic EPS for the effects of dilutive common stock equivalents outstanding during each period using the treasury stock method.
Recently Issued and Adopted Accounting Standards	Recently Issued Accounting Standards In February 2018, the Financial Accounting Standards Board ("FASB") issued ASU 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income ("ASU 2018-02"). The current standard, ASC Topic 740 - Income Taxes , requires deferred tax liabilities and assets to be adjusted for the effect of a change in tax laws or rates with the effect included in income from continuing operations in the reporting period that includes the enactment date. This includes the tax effects of items in accumulated other comprehensive income ("AOCI") that were originally recognized in other comprehensive income, subsequently creating stranded tax effects. ASU 2018-02 allows a reclassification from AOCI to retained earnings for stranded tax effects specifically resulting from the U.S. federal government's recently enacted tax bill, the Tax Cuts and Jobs Act. The guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within those periods. Early adoption is permitted. The Company does not expect this standard to have a material impact on the Company's consolidated results of operations or financial position. In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities ("ASU 2017-12"). ASU 2017-12 amends and simplifies hedge accounting guidance in order to enable entities to better portray the economics of their risk management activities. The guidance is effective for fiscal years beginning after December 15, 2018, including interim periods within those periods. Early adoption is permitted. The Company is currently evaluating the impact of the standard on its consolidated financial statements and related disclosures. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842): Amendments to the FASB Accounting Standards Codification® (“ASU 2016-02”), which supersedes the existing guidance for lease accounting, Leases (Topic 840) . ASU 2016-02 requires lessees to recognize leases on their balance sheets, and modifies accounting, presentation and disclosure for both lessors and lessees. ASU 2016-02 requires a modified retrospective approach for all leases existing at, or entered into after, the date of initial application, with an option to elect to use certain transition relief. ASU 2016-02 is effective for annual periods, and interim periods within those years, beginning after December 15, 2018. Early adoption is permitted. In July 2018, the FASB issued ASU 2018-10, Codification Improvements to Topic 842, Leases which updates narrow aspects of the guidance issued in ASU 2016-02. In July 2018, the FASB issued ASU 2018-11, Leases (Topic 842): Targeted Improvements ("ASU 2018-11") which allows entities to initially apply the new standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings in the period of adoption. Many of the Company’s leases are considered operating leases and are not capitalized under ASC 840. Under ASC 842 the majority of these leases will qualify for capitalization and will result in the recognition of lease assets and lease liabilities once the new standard is adopted. The Company is in the process of gathering a complete inventory of its lease contracts and is implementing a new lease accounting system to capture, track and account for lease data. The Company plans to adopt the standard using the optional transition method presented in ASU 2018-11 and expects the standard to have a material impact on the Company's financial position. Recently Adopted Accounting Standards In May 2014, the FASB issued ASU 2014-09 and subsequently issued guidance that amended ASU 2014-09. ASU 2014-09 affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company adopted ASU 2014-09 on December 31, 2017, the first day of fiscal 2018, using the modified retrospective approach. Under this method of adoption, guidance in ASU 2014-09 was applied to open contracts as of December 30, 2017, the end of fiscal 2017. The cumulative effect of initially applying the new revenue standard was a reduction to opening retained earnings, with the impact primarily related to the accelerated recognition of markdowns. Results from reporting periods beginning on December 31, 2017 are presented under ASU 2014-09, while prior period amounts are not adjusted. See “Note 2—Revenue” for additional disclosures about the Company’s revenue recognition policy and the impact of adoption. In November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows (Topic 230) : Restricted Cash ("ASU 2016-18"). ASU 2016-18 requires that a statement of cash flows explain the change during the period in total cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. ASU 2016-18 was effective for the Company beginning fiscal year 2018 and changed the presentation of the condensed consolidated statements of cash flows to now include restricted cash and cash equivalents as well as previously reported cash and cash equivalents in reconciling the period change. The Company adopted ASU 2016-18 using a retrospective transition method. The following table provides a reconciliation of the cash, cash equivalents, and restricted cash balances as of June 30, 2018 and July 1, 2017 that are presented in the condensed consolidated statement of cash flows (in thousands): June 30, 2018 July 1, 2017 Cash and cash equivalents $ 241,797 $ 319,824 Restricted cash included in prepaid expenses and other current assets 32 33 Restricted cash included in intangible and other assets-net 1,787 362 Cash, cash equivalents and restricted cash $ 243,616 $ 320,219 The following provisions, which had no material impact on the Company’s financial position, results of operations or cash flows, were also adopted effective the first quarter of fiscal year 2018: • ASU 2018-03, Technical Corrections and Improvements to Financial Instruments-Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities • ASU 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting • ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business • ASU 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory • ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments • ASU 2016-04, Liabilities—Extinguishments of Liabilities (Subtopic 405-20)- Recognition of Breakage for Certain Prepaid Stored-Value Products
Revenue	The Company does not disclose remaining performance obligations related to contracts with durations of one year or less as allowed by the practical expedient applicable to such contracts. These remaining performance obligations primarily relate to unfilled customer orders that will be satisfied in less than one year. This includes confirmed orders and orders that the Company believes will be confirmed by delivery of a formal purchase order. The amount of unfilled customer orders is affected by a number of factors, including seasonality and the scheduling of the manufacture and shipment of products. The Company has also elected to adopt the practical expedient related to shipping and handling fees which allows the Company to account for shipping and handling activities that occur after control of the related good transfers as fulfillment activities instead of assessing such activities as performance obligations. Markdowns. The Company provides markdowns to certain customers in order to facilitate sales of select styles. Markdowns are estimated at the time of sale using historical data and are recorded as a reduction to revenue. Prior to the adoption of ASU 2014-09, markdowns were not recorded until agreed upon with the customer. The Company's policy is to record its markdown allowance as a reduction of accounts receivable. Returns. The Company accepts limited returns and may request that a customer return a product if the customer has an excess of any style that the Company has identified as being a poor performer for that customer or geographic location. The Company continually monitors returns and maintains a provision for estimated returns based upon historical experience and any specific issues identified. Product returns are accounted for as reductions to revenue, cost of sales, customer liabilities and an increase to other current assets to the extent the returned product is resalable. While returns have historically been within management's expectations and the provisions established, future return rates may differ from those experienced in the past. In the event that the Company's products are performing poorly in the retail market and/or it experiences product damages or defects at a rate significantly higher than the historical rate, the resulting returns could have an adverse impact on the operating results for the period or periods in which such returns occur. Cooperative Advertising. The Company participates in cooperative advertising programs with its major retail customers, whereby the Company shares the cost of certain of their advertising and promotional expenses. Certain advertising expenses that were previously recorded in SG&A are now recorded as a sales discount due to the requirement under ASU 2014-09 that the service be considered distinct to qualify as a separate performance obligation. All other cooperative advertising expenses continue to be recorded in SG&A. Multiple Performance Obligations. The Company enters into contracts with customers for its wearable technology that includes multiple performance obligations. Each distinct performance obligation was determined by whether the customer could benefit from the good or service on its own or together with readily available resources. The Company allocates revenue to each performance obligation based on its relative standalone selling price. The Company’s process for determining standalone selling price considers multiple factors including the Company’s internal pricing model and market trends that may vary depending upon the facts and circumstances related to each performance obligation. Revenue allocated to the hardware and software essential to the functionality of the product represents the majority of the arrangement consideration and is recognized at the time of product delivery, provided the other conditions for revenue recognition have been met. Revenue allocated to free software services provided through the Company's online dashboard and mobile apps as well as revenue allocated to the right to receive future unspecified software updates is deferred and recognized on a straight-line basis over the product's estimated usage period of two years. The Company’s revenue consists of sales of finished products to customers through wholesale and retail channels. Revenue from the sale of products, including those that are subject to inventory consignment agreements, is recognized when control of the product is transferred to the customer and in an amount that reflects the consideration the Company expects to be entitled in exchange for the product. The Company generally considers control to transfer either when products ship or when products are delivered depending on the shipping terms in the agreement or purchase order. The Company considers control to have transferred upon shipment or delivery because the Company has a present right to payment, the customer has legal title to the product, the Company has transferred physical possession of the product, and the customer has the significant risks and rewards of the product. Taxes imposed by governmental authorities on the Company's revenue-producing activities with customers, such as sales taxes and value added taxes, are excluded from net sales.
Fair Value Measurements	The fair values of the Company’s deferred compensation plan assets are based on quoted prices. The deferred compensation plan assets are recorded in intangible and other assets-net in the Company’s condensed consolidated balance sheets. The fair values of the Company’s forward contracts are based on published quotations of spot currency rates and forward points, which are converted into implied forward currency rates. The Company defines fair value as the price that would be received to sell an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. Accounting Standards Codification ("ASC") 820, Fair Value Measurement and Disclosures (“ASC 820”), establishes a fair value hierarchy, which prioritizes the inputs used in measuring fair value into three broad levels as follows: • Level 1 — Quoted prices in active markets for identical assets or liabilities. • Level 2 — Inputs, other than quoted prices in active markets, that are observable either directly or indirectly. • Level 3 — Unobservable inputs based on the Company’s assumptions. ASC 820 requires the use of observable market data if such data is available without undue cost and effort.

FINANCIAL STATEMENT POLICIES (T

FINANCIAL STATEMENT POLICIES (Tables)	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Numerators and denominators used in the computations of both basic and diluted EPS	The following table reconciles the numerators and denominators used in the computations of both basic and diluted EPS (in thousands, except per share data): For the 13 Weeks Ended June 30, 2018 For the 13 Weeks Ended July 1, 2017 For the 26 Weeks Ended June 30, 2018 For the 26 Weeks Ended July 1, 2017 Numerator: Net income (loss) attributable to Fossil Group, Inc. $ (7,800 ) $ (344,712 ) $ (56,073 ) $ (392,898 ) Denominator: Basic EPS computation: Basic weighted average common shares outstanding 49,228 48,484 48,970 48,399 Basic EPS $ (0.16 ) $ (7.11 ) $ (1.15 ) $ (8.12 ) Diluted EPS computation: Basic weighted average common shares outstanding 49,228 48,484 48,970 48,399 Diluted weighted average common shares outstanding 49,228 48,484 48,970 48,399 Diluted EPS $ (0.16 ) $ (7.11 ) $ (1.15 ) $ (8.12 )
Schedule of Cash and Cash Equivalents	The Company adopted ASU 2016-18 using a retrospective transition method. The following table provides a reconciliation of the cash, cash equivalents, and restricted cash balances as of June 30, 2018 and July 1, 2017 that are presented in the condensed consolidated statement of cash flows (in thousands): June 30, 2018 July 1, 2017 Cash and cash equivalents $ 241,797 $ 319,824 Restricted cash included in prepaid expenses and other current assets 32 33 Restricted cash included in intangible and other assets-net 1,787 362 Cash, cash equivalents and restricted cash $ 243,616 $ 320,219

REVENUE (Tables)

REVENUE (Tables)	6 Months Ended
	Jun. 30, 2018
Revenue from Contract with Customer [Abstract]
Schedule of new accounting pronouncements and changes in accounting principles	The following tables summarize the impact of adopting ASU 2014-09 on the Company's condensed consolidated balance sheets as of June 30, 2018 and the Company's condensed consolidated statements of income (loss) and comprehensive income (loss) for the Second Quarter and Year To Date Period (in thousands): June 30, 2018 As Reported Without Adoption of ASU 2014-09 Impact of Adoption of ASU 2014-09 Assets Accounts receivable $ 204,651 $ 184,394 $ 20,257 Inventories 497,814 514,571 (16,757 ) Prepaid expenses and other current assets 125,000 103,448 21,552 Liabilities Customer liabilities $ 56,066 $ 16,146 $ 39,920 For the 13 Weeks Ended June 30, 2018 As Reported Without Adoption of ASU 2014-09 Impact of Adoption of ASU 2014-09 Net sales $ 576,583 $ 568,165 $ 8,418 Cost of sales 267,574 272,369 (4,795 ) For the 26 Weeks Ended June 30, 2018 As Reported Without Adoption of ASU 2014-09 Impact of Adoption of ASU 2014-09 Net sales $ 1,145,739 $ 1,136,156 $ 9,583 Cost of sales 549,038 548,922 116 Retained Earnings Adjustments. The following table presents the changes in the retained earnings balance including the cumulative effect of adopting ASU 2014-09, net of taxes (in thousands): Retained Earnings Balance at December 30, 2017 $ 409,653 Net income (loss) (56,073 ) Markdowns adjustment, net of taxes (27,325 ) Sales adjustment, net of taxes 783 Balance at June 30, 2018 $ 327,038
Disaggregation of revenue	The Company's revenue disaggregated by major product category and timing of revenue recognition was as follows (in thousands): For the 13 Weeks Ended June 30, 2018 Americas Europe Asia Total Product type Watches $ 221,637 $ 136,760 $ 104,593 $ 462,990 Leathers 42,757 12,915 12,248 67,920 Jewelry 10,454 21,151 1,499 33,104 Other 4,415 5,214 2,940 12,569 Consolidated $ 279,263 $ 176,040 $ 121,280 $ 576,583 Timing of revenue recognition Revenue recognized at a point in time $ 278,726 $ 175,792 $ 121,160 $ 575,678 Revenue recognized over time 537 248 120 905 Consolidated $ 279,263 $ 176,040 $ 121,280 $ 576,583 For the 26 Weeks Ended June 30, 2018 Americas Europe Asia Total Product type Watches $ 417,314 $ 287,555 $ 205,736 $ 910,605 Leathers 81,087 30,953 25,139 137,179 Jewelry 22,477 49,658 2,774 74,909 Other 7,454 9,989 5,603 23,046 Consolidated $ 528,332 $ 378,155 $ 239,252 $ 1,145,739 Timing of revenue recognition Revenue recognized at a point in time $ 527,339 $ 377,683 $ 239,028 $ 1,144,050 Revenue recognized over time 993 472 224 1,689 Consolidated $ 528,332 $ 378,155 $ 239,252 $ 1,145,739

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Jun. 30, 2018
Inventory Disclosure [Abstract]
Schedule of inventories	Inventories consisted of the following (in thousands): June 30, 2018 December 30, 2017 Components and parts $ 32,700 $ 52,837 Work-in-process 11,374 15,983 Finished goods 453,740 504,968 Inventories $ 497,814 $ 573,788

WARRANTY LIABILITIES (Tables)

WARRANTY LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2018
Product Warranties Disclosures [Abstract]
Schedule of warranty liability activity	Warranty liability activity consisted of the following (in thousands): For the 26 Weeks Ended June 30, 2018 For the 26 Weeks Ended July 1, 2017 Beginning balance $ 19,405 $ 15,421 Settlements in cash or kind (5,566 ) (3,838 ) Warranties issued and adjustments to preexisting warranties (1) 5,652 4,674 Ending balance $ 19,491 $ 16,257 _______________________________________________ (1) Changes in cost estimates related to preexisting warranties are aggregated with accruals for new standard warranties issued and foreign currency changes.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Schedule of income tax expense and related effective rate	The Company’s income tax (benefit) expense and related effective rates were as follows (in thousands, except percentage data): For the 13 Weeks Ended June 30, 2018 For the 13 Weeks Ended July 1, 2017 For the 26 Weeks Ended June 30, 2018 For the 26 Weeks Ended July 1, 2017 Income tax (benefit) expense $ (3,372 ) $ (96,296 ) $ 3,273 $ (97,516 ) Effective tax rate 31.8 % 21.9 % (6.4 )% 20.0 %

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	6 Months Ended
	Jun. 30, 2018
Stockholders' Equity Note [Abstract]
Summary of changes in equity attributable to controlling and noncontrolling interest	The following tables summarize the changes in equity attributable to controlling and noncontrolling interest (in thousands): Fossil Group, Inc. Stockholders’ Equity Noncontrolling Interest Total Stockholders’ Equity Balance at December 30, 2017 $ 576,133 $ 4,814 $ 580,947 Net income (loss) (56,073 ) 1,331 (54,742 ) Cumulative effect of change in accounting principle, net of tax of $1.1 million (See Note 2—Revenue) (26,542 ) — (26,542 ) Currency translation adjustment (6,756 ) — (6,756 ) Cash flow hedges - net change 13,193 — 13,193 Common stock issued upon exercise of stock options 185 — 185 Distribution of noncontrolling interest earnings and other 42 (4,266 ) (4,224 ) Net settlement of restricted stock units and preferred stock units to satisfy employee tax withholding upon vesting (1,925 ) — (1,925 ) Stock-based compensation expense 16,711 — 16,711 Balance at June 30, 2018 $ 514,968 $ 1,879 $ 516,847 Fossil Group, Inc. Stockholders’ Equity Noncontrolling Interest Total Stockholders’ Equity Balance at December 31, 2016 $ 1,006,236 $ 9,202 $ 1,015,438 Net income (loss) (392,898 ) 3,010 (389,888 ) Currency translation adjustment 26,856 — 26,856 Cash flow hedges - net change (11,593 ) — (11,593 ) Distribution of noncontrolling interest earnings — (427 ) (427 ) Net settlement of restricted grants, restricted stock units and preferred stock units to satisfy employee tax withholding upon vesting (907 ) — (907 ) Stock-based compensation expense 15,335 — 15,335 Balance at July 1, 2017 $ 643,029 $ 11,785 $ 654,814

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	6 Months Ended
	Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of stock options and stock appreciation rights activity	The following table summarizes stock options and stock appreciation rights activity during the Second Quarter: Stock Options and Stock Appreciation Rights Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Term Aggregate Intrinsic Value (in Thousands) (in Years) (in Thousands) Outstanding at March 31, 2018 2,077 $ 50.14 2.0 $ — Granted — — Exercised (14 ) 13.65 — Forfeited or expired (60 ) 48.38 Outstanding at June 30, 2018 2,003 50.44 1.8 307 Exercisable at June 30, 2018 1,417 $ 55.82 1.8 $ 307
Summary of stock options and stock appreciation rights outstanding and exercisable	The following tables summarize information with respect to stock options and stock appreciation rights outstanding and exercisable at June 30, 2018 : Cash Stock Appreciation Rights Outstanding Cash Stock Appreciation Rights Exercisable Range of Number of Weighted- Weighted- Number of Weighted- Average Exercise Price (in Thousands) (in Years) (in Thousands) $29.78 - $47.99 61 $ 36.73 0.7 38 $ 36.73 Total 61 $ 36.73 0.7 38 $ 36.73 Stock Options Outstanding Stock Options Exercisable Range of Exercise Prices Number of Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Term Number of Shares Weighted- (in Thousands) (in Years) (in Thousands) $13.65 - $29.49 22 $ 14.41 0.6 22 $ 14.41 $29.78 - $47.99 43 38.40 1.5 43 38.40 $55.04 - $83.83 87 81.35 2.4 87 81.35 $95.91 - $131.46 123 127.98 3.2 123 127.98 Total 275 $ 90.16 2.5 275 $ 90.16 Stock Appreciation Rights Outstanding Stock Appreciation Rights Exercisable Range of Number of Weighted- Weighted- Number of Weighted- (in Thousands) (in Years) (in Thousands) $13.65 - $29.49 48 $ 29.49 6.1 16 $ 29.49 $29.78 - $47.99 1,423 37.93 1.3 895 38.00 $55.04 - $83.83 110 79.03 4.0 107 79.55 $95.91 - $131.46 86 115.60 2.6 86 115.60 Total 1,667 $ 44.40 1.7 1,104 $ 47.94
Summary of restricted stock, restricted stock units and performance restricted stock units activity	The following table summarizes restricted stock unit and performance restricted stock unit activity during the Second Quarter: Restricted Stock Units and Performance Restricted Stock Units Number of Shares Weighted-Average Grant Date Fair Value Per Share (in Thousands) Nonvested at March 31, 2018 2,684 $ 17.33 Granted 1,189 15.14 Vested (497 ) 16.15 Forfeited (110 ) 17.59 Nonvested at June 30, 2018 3,266 $ 18.13

ACCUMULATED OTHER COMPREHENSI29

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Jun. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of changes in the balances of each component of accumulated other comprehensive income (loss), net of taxes	The following tables illustrate changes in the balances of each component of accumulated other comprehensive income (loss), net of taxes (in thousands): For the 13 Weeks Ended June 30, 2018 Currency Translation Adjustments Cash Flow Hedges Forward Contracts Pension Plan Total Beginning balance $ (52,198 ) $ (11,255 ) $ (1,672 ) $ (65,125 ) Other comprehensive income (loss) before reclassifications (19,057 ) 15,543 — (3,514 ) Tax (expense) benefit — (1,859 ) — (1,859 ) Amounts reclassed from accumulated other comprehensive income (loss) — (990 ) — (990 ) Tax (expense) benefit — 324 — 324 Total other comprehensive income (loss) (19,057 ) 14,350 — (4,707 ) Ending balance $ (71,255 ) $ 3,095 $ (1,672 ) $ (69,832 ) For the 13 Weeks Ended July 1, 2017 Currency Translation Adjustments Cash Flow Hedges Forward Contracts Interest Rate Swaps Pension Plan Total Beginning balance $ (91,472 ) $ 8,390 $ (41 ) $ (3,907 ) $ (87,030 ) Other comprehensive income (loss) before reclassifications 16,461 (15,306 ) (2 ) — 1,153 Tax (expense) benefit — 6,371 1 — 6,372 Amounts reclassed from accumulated other comprehensive income (loss) — 1,367 (131 ) — 1,236 Tax (expense) benefit — (628 ) 48 — (580 ) Total other comprehensive income (loss) 16,461 (9,674 ) 82 — 6,869 Ending balance $ (75,011 ) $ (1,284 ) $ 41 $ (3,907 ) $ (80,161 ) For the 26 Weeks Ended June 30, 2018 Currency Translation Adjustments Cash Flow Hedges Forward Contracts Pension Plan Total Beginning balance $ (64,499 ) $ (10,098 ) $ (1,672 ) $ (76,269 ) Other comprehensive income (loss) before reclassifications (6,756 ) 7,231 — 475 Tax (expense) benefit — 278 — 278 Amounts reclassed from accumulated other comprehensive income (loss) — (6,946 ) — (6,946 ) Tax (expense) benefit — 1,262 — 1,262 Total other comprehensive income (loss) (6,756 ) 13,193 — 6,437 Ending balance $ (71,255 ) $ 3,095 $ (1,672 ) $ (69,832 ) For the 26 Weeks Ended July 1, 2017 Currency Translation Adjustments Cash Flow Hedges Forward Contracts Interest Rate Swaps Pension Plan Total Beginning balance $ (101,867 ) $ 10,693 $ (343 ) $ (3,907 ) $ (95,424 ) Other comprehensive income (loss) before reclassifications 26,856 (16,468 ) 225 — 10,613 Tax (expense) benefit — 8,660 (82 ) — 8,578 Amounts reclassed from accumulated other comprehensive income (loss) — 6,920 (379 ) — 6,541 Tax (expense) benefit — (2,751 ) 138 — (2,613 ) Total other comprehensive income (loss) 26,856 (11,977 ) 384 — 15,263 Ending balance $ (75,011 ) $ (1,284 ) $ 41 $ (3,907 ) $ (80,161 )

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2018
Segment Reporting [Abstract]
Summary information by operating segment	Summary information by operating segment was as follows (in thousands): For the 13 Weeks Ended June 30, 2018 For the 13 Weeks Ended July 1, 2017 Net Sales Operating Income (Loss) Net Sales Operating Income (Loss) Americas $ 279,263 $ 49,158 $ 288,804 $ (166,500 ) Europe 176,040 16,246 194,702 (86,805 ) Asia 121,280 20,574 113,340 (35,658 ) Corporate — (84,965 ) — (140,793 ) Consolidated $ 576,583 $ 1,013 $ 596,846 $ (429,756 ) For the 26 Weeks Ended June 30, 2018 For the 26 Weeks Ended July 1, 2017 Net Sales Operating Income (Loss) Net Sales Operating Income (Loss) Americas $ 528,332 $ 67,238 $ 566,347 $ (140,819 ) Europe 378,155 42,360 390,382 (73,191 ) Asia 239,252 33,940 221,907 (24,701 ) Corporate — (170,806 ) — (236,308 ) Consolidated $ 1,145,739 $ (27,268 ) $ 1,178,636 $ (475,019 )
Schedule of net sales for each class of similar products	The following tables reflect net sales for each class of similar products in the periods presented (in thousands, except percentage data): For the 13 Weeks Ended June 30, 2018 For the 13 Weeks Ended July 1, 2017 Net Sales Percentage of Total Net Sales Percentage of Total Watches $ 462,990 80.3 % $ 469,461 78.6 % Leathers 67,920 11.8 69,597 11.7 Jewelry 33,104 5.7 44,285 7.4 Other 12,569 2.2 13,503 2.3 Total $ 576,583 100.0 % $ 596,846 100.0 % For the 26 Weeks Ended June 30, 2018 For the 26 Weeks Ended July 1, 2017 Net Sales Percentage of Total Net Sales Percentage of Total Watches $ 910,605 79.5 % $ 919,231 78.0 % Leathers 137,179 12.0 142,286 12.1 Jewelry 74,909 6.5 92,171 7.8 Other 23,046 2.0 24,948 2.1 Total $ 1,145,739 100.0 % $ 1,178,636 100.0 %

DERIVATIVES AND RISK MANAGEME31

DERIVATIVES AND RISK MANAGEMENT (Tables)	6 Months Ended
	Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of outstanding forward contracts	As of June 30, 2018 , the Company had the following outstanding forward contracts designated as cash flow hedges that were entered into to hedge the future payments of inventory transactions (in millions): Functional Currency Contract Currency Type Amount Type Amount Euro 165.2 U.S. dollar 196.6 Canadian dollar 61.4 U.S. dollar 47.9 British pound 26.5 U.S. dollar 35.2 Japanese yen 2,556.1 U.S. dollar 23.6 Mexican peso 173.2 U.S. dollar 8.6 Australian dollar 6.9 U.S. dollar 5.3 U.S. dollar 18.1 Japanese yen 1,960.0
Schedule of effective portion of gains and losses on derivative instruments recognized in other comprehensive income (loss), net of taxes	The effective portion of gains and losses on cash flow hedges that were recognized in other comprehensive income (loss), net of taxes during the Second Quarter, Prior Year Quarter, Year To Date Period and Prior Year YTD Period are set forth below (in thousands): For the 13 Weeks Ended June 30, 2018 For the 13 Weeks Ended July 1, 2017 Cash flow hedges: Forward contracts $ 13,684 $ (8,935 ) Interest rate swaps — (1 ) Total gain (loss) recognized in other comprehensive income (loss), net of taxes $ 13,684 $ (8,936 ) For the 26 Weeks Ended June 30, 2018 For the 26 Weeks Ended July 1, 2017 Cash flow hedges: Forward contracts $ 7,509 $ (7,808 ) Interest rate swaps — 143 Total gain (loss) recognized in other comprehensive income (loss), net of taxes $ 7,509 $ (7,665 )
Schedule of effective portion of gains and losses on derivative instruments recognized in other comprehensive income (loss), net of taxes reclassified into earnings and derivatives not designated as hedging instruments recorded directly to earnings	The following table illustrates the effective portion of gains and losses on derivative instruments recorded in accumulated other comprehensive income (loss), net of taxes during the term of the hedging relationship and reclassified into earnings, and gains and losses on derivatives not designated as hedging instruments recorded directly to earnings during the Second Quarter, Prior Year Quarter, Year To Date Period and Prior Year YTD Period (in thousands): Derivative Instruments Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) Location Effect of Derivative Instruments For the 13 Weeks Ended June 30, 2018 For the 13 Weeks Ended July 1, 2017 Forward contracts designated as cash flow hedging instruments Other income (expense)-net Total gain (loss) reclassified from accumulated other comprehensive income (loss) $ (666 ) $ 739 Forward contracts not designated as hedging instruments Other income (expense)-net Total gain (loss) recognized in income $ (444 ) $ 50 Interest rate swap designated as a cash flow hedging instrument Interest expense Total gain (loss) reclassified from accumulated other comprehensive income (loss) $ — $ (83 ) Interest rate swap not designated as a cash flow hedging instrument Other income (expense)-net Total gain (loss) recognized in income $ (1 ) $ — Derivative Instruments Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) Location Effect of Derivative Instruments For the 26 Weeks Ended June 30, 2018 For the 26 Weeks Ended July 1, 2017 Forward contracts designated as cash flow hedging instruments Other income (expense)-net Total gain (loss) reclassified from other comprehensive income (loss) $ (5,684 ) $ 4,169 Forward contracts not designated as hedging instruments Other income (expense)-net Total gain (loss) recognized in income $ (101 ) $ 77 Interest rate swap designated as a cash flow hedging instrument Interest expense Total gain (loss) reclassified from other comprehensive income (loss) $ — $ (241 ) Interest rate swap not designated as a cash flow hedging instrument Other income (expense)-net Total gain (loss) recognized in income $ 67 $ —
Schedule of fair value amounts for derivative instruments as separate asset and liability values on a gross basis and their location on condensed consolidated balance sheets	The following table discloses the fair value amounts for the Company’s derivative instruments as separate asset and liability values, presents the fair value of derivative instruments on a gross basis, and identifies the line items in the condensed consolidated balance sheets in which the fair value amounts for these categories of derivative instruments are included (in thousands): Asset Derivatives Liability Derivatives June 30, 2018 December 30, 2017 June 30, 2018 December 30, 2017 Derivative Instruments Condensed Consolidated Balance Sheets Location Fair Value Condensed Consolidated Balance Sheets Location Fair Value Condensed Consolidated Balance Sheets Location Fair Value Condensed Consolidated Balance Sheets Location Fair Value Forward contracts designated as cash flow hedging instruments Prepaid expenses and other current assets $ 5,109 Prepaid expenses and other current assets $ 2,291 Accrued expenses- other $ 4,029 Accrued expenses- other $ 14,798 Forward contracts not designated as cash flow hedging instruments Prepaid expenses and other current assets 90 Prepaid expenses and other current assets — Accrued expenses- other — Accrued expenses- other 362 Interest rate swap not designated as a cash flow hedging instrument Prepaid expenses and other current assets — Prepaid expenses and other current assets 195 Accrued expenses- other — Accrued expenses- other — Forward contracts designated as cash flow hedging instruments Intangible and other assets-net 916 Intangible and other assets-net 147 Other long-term liabilities 46 Other long-term liabilities 2,725 Total $ 6,115 $ 2,633 $ 4,075 $ 17,885

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Schedule of the fair value hierarchy of assets and liabilities measured at fair value on a recurring basis	The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of June 30, 2018 (in thousands): Fair Value at June 30, 2018 Level 1 Level 2 Level 3 Total Assets: Forward contracts $ — $ 6,115 $ — $ 6,115 Deferred compensation plan assets: Investment in publicly traded mutual funds 4,870 — — 4,870 Total $ 4,870 $ 6,115 $ — $ 10,985 Liabilities: Contingent consideration $ — $ — $ 3,954 $ 3,954 Forward contracts — 4,075 — 4,075 Total $ — $ 4,075 $ 3,954 $ 8,029 The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 30, 2017 (in thousands): Fair Value at December 30, 2017 Level 1 Level 2 Level 3 Total Assets: Forward contracts $ — $ 2,438 $ — $ 2,438 Deferred compensation plan assets: Investment in publicly traded mutual funds 4,806 — — 4,806 Interest rate swap — 195 — 195 Total $ 4,806 $ 2,633 $ — $ 7,439 Liabilities: Contingent consideration $ — $ — $ 6,452 $ 6,452 Forward contracts — 17,885 — 17,885 Total $ — $ 17,885 $ 6,452 $ 24,337

INTANGIBLE AND OTHER ASSETS (Ta

INTANGIBLE AND OTHER ASSETS (Tables)	6 Months Ended
	Jun. 30, 2018
INTANGIBLE AND OTHER ASSETS
Schedule of intangible and other assets-net	The following table summarizes intangible and other assets (in thousands): June 30, 2018 December 30, 2017 Useful Gross Accumulated Gross Accumulated Lives Amount Amortization Amount Amortization Intangibles-subject to amortization: Trademarks 10 yrs. $ 4,310 $ 3,773 $ 4,310 $ 3,676 Customer lists 5-10 yrs. 54,545 36,764 55,164 34,023 Patents 3-20 yrs. 2,325 2,148 2,325 2,132 Noncompete agreement 3-6 yrs. 2,542 2,425 2,553 2,243 Developed technology 7 yrs. 36,100 12,893 36,100 10,314 Other 7-20 yrs. 263 245 266 241 Total intangibles-subject to amortization 100,085 58,248 100,718 52,629 Intangibles-not subject to amortization: Trade names 32,424 38,643 Other assets: Key money deposits 26,506 24,234 27,196 23,845 Other deposits 18,863 19,269 Deferred compensation plan assets 4,870 4,806 Deferred tax asset-net 27,702 27,112 Restricted cash 1,787 377 Shop-in-shop 8,492 8,395 8,864 8,606 Tax receivable 478 478 Forward contracts 916 147 Investments 500 500 Other 5,080 4,612 Total other assets 95,194 32,629 93,361 32,451 Total intangible and other assets $ 227,703 $ 90,877 $ 232,722 $ 85,080 Total intangible and other assets-net $ 136,826 $ 147,642
Schedule of estimated aggregate future amortization expense by fiscal year for intangible assets	Estimated aggregate future amortization expense by fiscal year for intangible assets is as follows (in thousands): Fiscal Year Amortization Expense 2018 (remaining) $ 5,924 2019 $ 11,491 2020 $ 10,963 2021 $ 7,084 2022 $ 6,254 2023 $ 61

RESTRUCTURING (Tables)

RESTRUCTURING (Tables)	6 Months Ended
	Jun. 30, 2018
Restructuring and Related Activities [Abstract]
Rollforward of liability incurred on restructuring plan	The following table shows a rollforward of the accrued liability related to the Company’s restructuring plan (in thousands): For the 13 Weeks Ended June 30, 2018 Liabilities Liabilities March 31, 2018 Charges Cash Payments Non-cash Items June 30, 2018 Store closures $ 4,405 $ 6,434 $ 5,190 $ 234 $ 5,415 Professional services 698 4,119 3,299 — 1,518 Severance and employee-related benefits 3,335 3,996 4,495 — 2,836 Total $ 8,438 $ 14,549 $ 12,984 $ 234 $ 9,769 For the 13 Weeks Ended July 1, 2017 Liabilities Liabilities April 1, 2017 Charges Cash Payments Non-cash Items July 1, 2017 Store closures $ 5,501 $ 3,017 $ 1,060 $ 2,565 $ 4,893 Professional services 92 856 832 — 116 Severance and employee-related benefits 2,103 5,892 5,256 1,204 1,535 Total $ 7,696 $ 9,765 $ 7,148 $ 3,769 $ 6,544 For the 26 Weeks Ended June 30, 2018 Liabilities Liabilities December 30, 2017 Charges Cash Payments Non-cash Items June 30, 2018 Store closures $ 2,973 $ 14,989 $ 10,602 $ 1,945 $ 5,415 Professional services 185 5,277 3,944 — 1,518 Severance and employee-related benefits 1,317 15,600 8,623 5,458 2,836 Total $ 4,475 $ 35,866 $ 23,169 $ 7,403 $ 9,769 For the 26 Weeks Ended July 1, 2017 Liabilities Liabilities December 31, 2016 Charges Cash Payments Non-cash Items July 1, 2017 Store closures $ 4,546 $ 5,741 $ 2,178 $ 3,216 $ 4,893 Professional services 794 1,430 2,108 — 116 Severance and employee-related benefits — 28,878 26,139 1,204 1,535 Total $ 5,340 $ 36,049 $ 30,425 $ 4,420 $ 6,544
Schedule of restructuring charges by operating segment	Restructuring charges by operating segment were as follows (in thousands): For the 13 Weeks Ended June 30, 2018 For the 13 Weeks Ended July 1, 2017 For the 26 Weeks Ended June 30, 2018 For the 26 Weeks Ended July 1, 2017 Americas $ 8,412 $ 2,179 $ 16,536 $ 7,796 Europe 2,352 2,160 5,719 7,682 Asia 637 3,353 1,331 8,139 Corporate 3,148 2,073 12,280 12,432 Consolidated $ 14,549 $ 9,765 $ 35,866 $ 36,049

FINANCIAL STATEMENT POLICIES (H

FINANCIAL STATEMENT POLICIES (Hedging Instruments) (Details) $ in Millions	6 Months Ended
	Jun. 30, 2018USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net gain of forward contracts	$ 5

FINANCIAL STATEMENT POLICIES (O

FINANCIAL STATEMENT POLICIES (Operating Expenses) (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2018	Jul. 01, 2017
Americas
Indefinite-lived Intangible Assets [Line Items]
Impairment charge recognized		$ 202.3
Europe
Indefinite-lived Intangible Assets [Line Items]
Impairment charge recognized		114.3
Asia
Indefinite-lived Intangible Assets [Line Items]
Impairment charge recognized		42.9
SKAGEN
Indefinite-lived Intangible Assets [Line Items]
Carrying amount of trade name	$ 27.3
Implied fair value	21.1
Impairment charge	$ 6.2	28.3
MISFIT
Indefinite-lived Intangible Assets [Line Items]
Impairment charge		11.8
MICHELE
Indefinite-lived Intangible Assets [Line Items]
Impairment charge		$ 7.6

FINANCIAL STATEMENT POLICIES (E

FINANCIAL STATEMENT POLICIES (Earnings (Loss) Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Numerator:
Net income (loss) attributable to Fossil Group, Inc.	$ (7,800)	$ (344,712)	$ (56,073)	$ (392,898)
Denominator:
Basic weighted average common shares outstanding (in shares)	49,228	48,484	48,970	48,399
Basic EPS (in dollars per share)	$ (0.16)	$ (7.11)	$ (1.15)	$ (8.12)
Diluted EPS computation:
Basic weighted average common shares outstanding (in shares)	49,228	48,484	48,970	48,399
Diluted weighted average common shares outstanding (in shares)	49,228	48,484	48,970	48,399
Diluted EPS (in dollars per share)	$ (0.16)	$ (7.11)	$ (1.15)	$ (8.12)
Stock Compensation Plan
Other EPS Disclosures
Weighted shares issuable under stock-based awards not included in the diluted EPS calculation (in shares)	5,200	4,700	5,100	4,100
Performance Shares
Other EPS Disclosures
Weighted shares issuable under stock-based awards not included in the diluted EPS calculation (in shares)	1,200	1,200	1,200	1,100

FINANCIAL STATEMENT POLICIES (S

FINANCIAL STATEMENT POLICIES (Schedule Of Cash And Restricted Cash Equivalents) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 30, 2017	Jul. 01, 2017	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 241,797	$ 231,244	$ 319,824
Restricted cash included in prepaid expenses and other current assets	32		33
Restricted cash included in intangible and other assets-net	1,787		362
Cash, cash equivalents and restricted cash	$ 243,616	$ 231,655	$ 320,219	$ 297,862

REVENUE (Summary Of Impact On F

REVENUE (Summary Of Impact On Financial Statements) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017	Dec. 30, 2017
Assets
Accounts receivable	$ 204,651		$ 204,651		$ 367,013
Inventories	497,814		497,814		573,788
Prepaid expenses and other current assets	125,000		125,000		118,943
Liabilities:
Customer liabilities	56,066		56,066		$ 27,946
Net sales	576,583	$ 596,846	1,145,739	$ 1,178,636
Cost of sales	267,574	$ 295,499	549,038	$ 587,771
Without Adoption of ASU 2014-09
Assets
Accounts receivable	184,394		184,394
Inventories	514,571		514,571
Prepaid expenses and other current assets	103,448		103,448
Liabilities:
Customer liabilities	16,146		16,146
Net sales	568,165		1,136,156
Cost of sales	272,369		548,922
Impact of Adoption of ASU 2014-09 | Accounting Standards Update 2014-09
Assets
Accounts receivable	20,257		20,257
Inventories	(16,757)		(16,757)
Prepaid expenses and other current assets	21,552		21,552
Liabilities:
Customer liabilities	39,920		39,920
Net sales	8,418		9,583
Cost of sales	$ (4,795)		$ 116

REVENUE (Schedule Of Retained E

REVENUE (Schedule Of Retained Earnings Adjustments) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
12/30/2017			$ 409,653
Net income (loss) attributable to Fossil Group, Inc.	$ (7,800)	$ (344,712)	(56,073)	$ (392,898)
June 30, 2018	$ 327,038		327,038
Difference between Revenue Guidance in Effect before and after Topic 606 | Markdowns adjustment, net of taxes
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Cumulative effect on retained earnings, net of tax			(27,325)
Difference between Revenue Guidance in Effect before and after Topic 606 | Sales adjustment, net of taxes
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Cumulative effect on retained earnings, net of tax			$ 783

REVENUE (Narrative) (Details)

REVENUE (Narrative) (Details) - USD ($)	6 Months Ended
	Jun. 30, 2018	Dec. 30, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract assets	$ 0
Deferred contract costs	0
Contract liabilities	$ 5,100,000	$ 4,600,000
Online Dashboard, Mobile Applications, And Upgrade Rights
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Estimated usage period	2 years
Gift Cards
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract liabilities	$ 6,700,000	$ 7,200,000

REVENUE (Disaggregation Of Reve

REVENUE (Disaggregation Of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Disaggregation of Revenue [Line Items]
Net sales	$ 576,583	$ 596,846	$ 1,145,739	$ 1,178,636
Americas
Disaggregation of Revenue [Line Items]
Net sales	279,263		528,332
Europe
Disaggregation of Revenue [Line Items]
Net sales	176,040		378,155
Asia
Disaggregation of Revenue [Line Items]
Net sales	121,280		239,252
Watches
Disaggregation of Revenue [Line Items]
Net sales	462,990	469,461	910,605	919,231
Watches | Americas
Disaggregation of Revenue [Line Items]
Net sales	221,637		417,314
Watches | Europe
Disaggregation of Revenue [Line Items]
Net sales	136,760		287,555
Watches | Asia
Disaggregation of Revenue [Line Items]
Net sales	104,593		205,736
Leathers
Disaggregation of Revenue [Line Items]
Net sales	67,920	69,597	137,179	142,286
Leathers | Americas
Disaggregation of Revenue [Line Items]
Net sales	42,757		81,087
Leathers | Europe
Disaggregation of Revenue [Line Items]
Net sales	12,915		30,953
Leathers | Asia
Disaggregation of Revenue [Line Items]
Net sales	12,248		25,139
Jewelry
Disaggregation of Revenue [Line Items]
Net sales	33,104	44,285	74,909	92,171
Jewelry | Americas
Disaggregation of Revenue [Line Items]
Net sales	10,454		22,477
Jewelry | Europe
Disaggregation of Revenue [Line Items]
Net sales	21,151		49,658
Jewelry | Asia
Disaggregation of Revenue [Line Items]
Net sales	1,499		2,774
Other
Disaggregation of Revenue [Line Items]
Net sales	12,569	$ 13,503	23,046	$ 24,948
Other | Americas
Disaggregation of Revenue [Line Items]
Net sales	4,415		7,454
Other | Europe
Disaggregation of Revenue [Line Items]
Net sales	5,214		9,989
Other | Asia
Disaggregation of Revenue [Line Items]
Net sales	2,940		5,603
Revenue recognized at a point in time
Disaggregation of Revenue [Line Items]
Net sales	575,678		1,144,050
Revenue recognized at a point in time | Americas
Disaggregation of Revenue [Line Items]
Net sales	278,726		527,339
Revenue recognized at a point in time | Europe
Disaggregation of Revenue [Line Items]
Net sales	175,792		377,683
Revenue recognized at a point in time | Asia
Disaggregation of Revenue [Line Items]
Net sales	121,160		239,028
Revenue recognized over time
Disaggregation of Revenue [Line Items]
Net sales	905		1,689
Revenue recognized over time | Americas
Disaggregation of Revenue [Line Items]
Net sales	537		993
Revenue recognized over time | Europe
Disaggregation of Revenue [Line Items]
Net sales	248		472
Revenue recognized over time | Asia
Disaggregation of Revenue [Line Items]
Net sales	$ 120		$ 224

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 30, 2017
Inventory Disclosure [Abstract]
Components and parts	$ 32,700	$ 52,837
Work-in-process	11,374	15,983
Finished goods	453,740	504,968
Inventories	$ 497,814	$ 573,788

WARRANTY LIABILITIES (Details)

WARRANTY LIABILITIES (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017
Warranty liability activity [Roll Forward]
Beginning balance	$ 19,405	$ 15,421
Settlements in cash or kind	(5,566)	(3,838)
Warranties issued and adjustments to preexisting warranties	5,652	4,674
Ending balance	$ 19,491	$ 16,257

INCOME TAXES (Schedule of Incom

INCOME TAXES (Schedule of Income Tax Expense and Related Effective Rate) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Income Tax Disclosure [Abstract]
Income tax (benefit) expense	$ (3,372)	$ (96,296)	$ 3,273	$ (97,516)
Effective tax rate	31.80%	21.90%	(6.40%)	20.00%

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2018USD ($)
Income Tax Disclosure [Abstract]
Unrecognized tax benefits	$ 36.1	$ 36.1
Unrecognized tax benefits, excluding interest and penalties, that are expected to be settled within the next 12 months	5.8	5.8
Accrued income-tax related interest and penalties	3.4	3.4
Accrued income tax penalties	1	1
Income-tax related interest expense	$ 0.3	$ 0.5

STOCKHOLDERS' EQUITY (Narrative

STOCKHOLDERS' EQUITY (Narrative) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017
Stockholders' Equity Note [Abstract]
Authorizations remaining	$ 824,200
Payments to noncontrolling interests	1,547	$ 0
Present value of purchase price	4,000
Variable consideration in accrued expenses	1,500
Variable consideration in other long-term liabilities	$ 2,500

STOCKHOLDERS' EQUITY (Controlli

STOCKHOLDERS' EQUITY (Controlling and Noncontrolling Interest) (Details) - USD ($) $ in Thousands	Jan. 01, 2018	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Stockholders' Equity Attributable to Controlling and Noncontrolling Interest [Roll Forward]
Beginning balance				$ 580,947	$ 1,015,438
Net Income (loss)		$ (7,237)	$ (343,099)	(54,742)	(389,888)
Cumulative Effect of New Accounting Principle in Period of Adoption	$ (26,542)
Currency translation adjustment				(6,756)	26,856
Cash flow hedges - net change		14,350	(9,592)	13,193	(11,593)
Common stock issued upon exercise of stock options				185
Distribution of noncontrolling interest earnings and other				(4,224)	(427)
Net settlement of restricted stock units and preferred stock units to satisfy employee tax withholding upon vesting				(1,925)	(907)
Stock-based compensation expense				16,711	15,335
Ending balance		516,847	654,814	516,847	654,814
Cumulative effect on retained earnings, tax	1,100
Fossil Group, Inc. Stockholders’ Equity
Stockholders' Equity Attributable to Controlling and Noncontrolling Interest [Roll Forward]
Beginning balance				576,133	1,006,236
Net Income (loss)				(56,073)	(392,898)
Cumulative Effect of New Accounting Principle in Period of Adoption	(26,542)
Currency translation adjustment				(6,756)	26,856
Cash flow hedges - net change				13,193	(11,593)
Common stock issued upon exercise of stock options				185
Distribution of noncontrolling interest earnings and other				42	0
Net settlement of restricted stock units and preferred stock units to satisfy employee tax withholding upon vesting				(1,925)	(907)
Stock-based compensation expense				16,711	15,335
Ending balance		514,968	643,029	514,968	643,029
Noncontrolling Interest
Stockholders' Equity Attributable to Controlling and Noncontrolling Interest [Roll Forward]
Beginning balance				4,814	9,202
Net Income (loss)				1,331	3,010
Cumulative Effect of New Accounting Principle in Period of Adoption	$ 0
Currency translation adjustment				0	0
Cash flow hedges - net change				0	0
Common stock issued upon exercise of stock options				0
Distribution of noncontrolling interest earnings and other				(4,266)	(427)
Net settlement of restricted stock units and preferred stock units to satisfy employee tax withholding upon vesting				0	0
Stock-based compensation expense				0	0
Ending balance		$ 1,879	$ 11,785	$ 1,879	$ 11,785

EMPLOYEE BENEFIT PLANS (Summary

EMPLOYEE BENEFIT PLANS (Summary of Stock Options and Stock Appreciation Rights Activity) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 30, 2018	Mar. 31, 2018
Shares
Outstanding at beginning of period (in shares)	2,077
Granted (in shares)	0
Exercised (in shares)	(14)
Forfeited or expired (in shares)	(60)
Outstanding at end of period (in shares)	2,003	2,077
Exercisable at end of period (in shares)	1,417
Weighted- Average Exercise Price
Outstanding at beginning of period (in dollars per share)	$ 50.14
Granted (in dollars per share)	0
Exercised (in dollars per share)	13.65
Forfeited or expired (in dollars per share)	48.38
Outstanding at end of period (in dollars per share)	50.44	$ 50.14
Exercisable at end of period (in dollars per share)	$ 55.82
Weighted- Average Remaining Contractual Term
Outstanding	1 year 9 months 18 days	2 years
Exercisable at end of period	1 year 9 months 18 days
Aggregate Intrinsic Value
Aggregate intrinsic value outstanding	$ 307	$ 0
Exercised	0
Exercisable at end of period	$ 307

EMPLOYEE BENEFIT PLANS (Summa50

EMPLOYEE BENEFIT PLANS (Summary of Stock Options and Stock Appreciation Rights Outstanding and Exercisable) (Details) shares in Thousands	6 Months Ended
	Jun. 30, 2018$ / sharesshares
Cash Stock Appreciation Rights
Stock-based compensation plans disclosures
Equity instruments other than options outstanding, number of shares (in shares) | shares	61
Equity instruments other than options outstanding, weighted- average exercise price (in dollars per share)	$ 36.73
Equity instruments other than options outstanding, weighted- average remaining contractual term	8 months 12 days
Equity instruments other than options exercisable, number of shares (in shares) | shares	38
Equity instruments other than options exercisable, weighted- average exercise price (in dollars per share)	$ 36.73
Stock options
Stock-based compensation plans disclosures
Stock options outstanding, number of shares (in shares) | shares	275
Stock options outstanding, weighted- average exercise price (in dollars per share)	$ 90.16
Stock options outstanding, weighted- average remaining contractual term	2 years 6 months
Stock options exercisable, number of shares (in shares) | shares	275
Stock options exercisable, weighted- average exercise price (in dollars per share)	$ 90.16
Stock appreciation rights
Stock-based compensation plans disclosures
Equity instruments other than options outstanding, number of shares (in shares) | shares	1,667
Equity instruments other than options outstanding, weighted- average exercise price (in dollars per share)	$ 44.40
Equity instruments other than options outstanding, weighted- average remaining contractual term	1 year 8 months 12 days
Equity instruments other than options exercisable, number of shares (in shares) | shares	1,104
Equity instruments other than options exercisable, weighted- average exercise price (in dollars per share)	$ 47.94
$29.78 - $47.99 | Cash Stock Appreciation Rights
Stock-based compensation plans disclosures
Equity instruments other than options outstanding, lower range (in dollars per share)	29.78
Equity instruments other than options outstanding, upper range (in dollars per share)	$ 47.99
Equity instruments other than options outstanding, number of shares (in shares) | shares	61
Equity instruments other than options outstanding, weighted- average exercise price (in dollars per share)	$ 36.73
Equity instruments other than options outstanding, weighted- average remaining contractual term	8 months 12 days
Equity instruments other than options exercisable, number of shares (in shares) | shares	38
Equity instruments other than options exercisable, weighted- average exercise price (in dollars per share)	$ 36.73
$29.78 - $47.99 | Stock options
Stock-based compensation plans disclosures
Stock options outstanding, lower range (in dollars per share)	29.78
Stock options outstanding, upper range (in dollars per share)	$ 47.99
Stock options outstanding, number of shares (in shares) | shares	43
Stock options outstanding, weighted- average exercise price (in dollars per share)	$ 38.40
Stock options outstanding, weighted- average remaining contractual term	1 year 6 months
Stock options exercisable, number of shares (in shares) | shares	43
Stock options exercisable, weighted- average exercise price (in dollars per share)	$ 38.40
$29.78 - $47.99 | Stock appreciation rights
Stock-based compensation plans disclosures
Equity instruments other than options outstanding, lower range (in dollars per share)	29.78
Equity instruments other than options outstanding, upper range (in dollars per share)	$ 47.99
Equity instruments other than options outstanding, number of shares (in shares) | shares	1,423
Equity instruments other than options outstanding, weighted- average exercise price (in dollars per share)	$ 37.93
Equity instruments other than options outstanding, weighted- average remaining contractual term	1 year 3 months 19 days
Equity instruments other than options exercisable, number of shares (in shares) | shares	895
Equity instruments other than options exercisable, weighted- average exercise price (in dollars per share)	$ 38
$13.65 - $29.49 | Stock options
Stock-based compensation plans disclosures
Stock options outstanding, lower range (in dollars per share)	13.65
Stock options outstanding, upper range (in dollars per share)	$ 29.49
Stock options outstanding, number of shares (in shares) | shares	22
Stock options outstanding, weighted- average exercise price (in dollars per share)	$ 14.41
Stock options outstanding, weighted- average remaining contractual term	7 months 6 days
Stock options exercisable, number of shares (in shares) | shares	22
Stock options exercisable, weighted- average exercise price (in dollars per share)	$ 14.41
$13.65 - $29.49 | Stock appreciation rights
Stock-based compensation plans disclosures
Equity instruments other than options outstanding, lower range (in dollars per share)	13.65
Equity instruments other than options outstanding, upper range (in dollars per share)	$ 29.49
Equity instruments other than options outstanding, number of shares (in shares) | shares	48
Equity instruments other than options outstanding, weighted- average exercise price (in dollars per share)	$ 29.49
Equity instruments other than options outstanding, weighted- average remaining contractual term	6 years 1 month 6 days
Equity instruments other than options exercisable, number of shares (in shares) | shares	16
Equity instruments other than options exercisable, weighted- average exercise price (in dollars per share)	$ 29.49
$55.04 - $83.83 | Stock options
Stock-based compensation plans disclosures
Stock options outstanding, lower range (in dollars per share)	55.04
Stock options outstanding, upper range (in dollars per share)	$ 83.83
Stock options outstanding, number of shares (in shares) | shares	87
Stock options outstanding, weighted- average exercise price (in dollars per share)	$ 81.35
Stock options outstanding, weighted- average remaining contractual term	2 years 4 months 24 days
Stock options exercisable, number of shares (in shares) | shares	87
Stock options exercisable, weighted- average exercise price (in dollars per share)	$ 81.35
$55.04 - $83.83 | Stock appreciation rights
Stock-based compensation plans disclosures
Equity instruments other than options outstanding, lower range (in dollars per share)	55.04
Equity instruments other than options outstanding, upper range (in dollars per share)	$ 83.83
Equity instruments other than options outstanding, number of shares (in shares) | shares	110
Equity instruments other than options outstanding, weighted- average exercise price (in dollars per share)	$ 79.03
Equity instruments other than options outstanding, weighted- average remaining contractual term	4 years
Equity instruments other than options exercisable, number of shares (in shares) | shares	107
Equity instruments other than options exercisable, weighted- average exercise price (in dollars per share)	$ 79.55
$95.91 - $131.46 | Stock options
Stock-based compensation plans disclosures
Stock options outstanding, lower range (in dollars per share)	95.91
Stock options outstanding, upper range (in dollars per share)	$ 131.46
Stock options outstanding, number of shares (in shares) | shares	123
Stock options outstanding, weighted- average exercise price (in dollars per share)	$ 127.98
Stock options outstanding, weighted- average remaining contractual term	3 years 2 months 12 days
Stock options exercisable, number of shares (in shares) | shares	123
Stock options exercisable, weighted- average exercise price (in dollars per share)	$ 127.98
$95.91 - $131.46 | Stock appreciation rights
Stock-based compensation plans disclosures
Equity instruments other than options outstanding, lower range (in dollars per share)	95.91
Equity instruments other than options outstanding, upper range (in dollars per share)	$ 131.46
Equity instruments other than options outstanding, number of shares (in shares) | shares	86
Equity instruments other than options outstanding, weighted- average exercise price (in dollars per share)	$ 115.60
Equity instruments other than options outstanding, weighted- average remaining contractual term	2 years 7 months 6 days
Equity instruments other than options exercisable, number of shares (in shares) | shares	86
Equity instruments other than options exercisable, weighted- average exercise price (in dollars per share)	$ 115.60

EMPLOYEE BENEFIT PLANS (Summa51

EMPLOYEE BENEFIT PLANS (Summary of Restricted Stock Units and Performance Restricted Stock Units Activity) (Details) - Restricted Stock Units (RSUs) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended
	Jun. 30, 2018USD ($)$ / sharesshares
Number of Shares
Nonvested at beginning of period (in shares) | shares	2,684
Granted (in shares) | shares	1,189
Vested (in shares) | shares	(497)
Forfeited (in shares) | shares	(110)
Nonvested at end of period (in shares) | shares	3,266
Weighted-Average Grant Date Fair Value Per Share
Nonvested at beginning of period (in dollars per share) | $ / shares	$ 17.33
Granted (in dollars per share) | $ / shares	15.14
Vested (in dollars per share) | $ / shares	16.15
Forfeited (in dollars per share) | $ / shares	17.59
Nonvested at end of period (in dollars per share) | $ / shares	$ 18.13
Fair value of restricted stock and restricted stock units vested | $	$ 7.8

ACCUMULATED OTHER COMPREHENSI52

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance			$ 580,947	$ 1,015,438
Other comprehensive income (loss) before reclassifications	$ (3,514)	$ 1,153	475	10,613
Tax (expense) benefit	(1,859)	6,372	278	8,578
Amounts reclassed from accumulated other comprehensive income	(990)	1,236	(6,946)	6,541
Tax (expense) benefit	324	(580)	1,262	(2,613)
Total other comprehensive income (loss)	(4,707)	6,869	6,437	15,263
Ending balance	516,847	654,814	516,847	654,814
Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance	(52,198)	(91,472)	(64,499)	(101,867)
Other comprehensive income (loss) before reclassifications	(19,057)	16,461	(6,756)	26,856
Tax (expense) benefit	0	0	0	0
Amounts reclassed from accumulated other comprehensive income	0	0	0	0
Tax (expense) benefit	0	0	0	0
Total other comprehensive income (loss)	(19,057)	16,461	(6,756)	26,856
Ending balance	(71,255)	(75,011)	(71,255)	(75,011)
Cash Flow Hedges | Forward Contracts
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance	(11,255)	8,390	(10,098)	10,693
Other comprehensive income (loss) before reclassifications	15,543	(15,306)	7,231	(16,468)
Tax (expense) benefit	(1,859)	6,371	278	8,660
Amounts reclassed from accumulated other comprehensive income	(990)	1,367	(6,946)	6,920
Tax (expense) benefit	324	(628)	1,262	(2,751)
Total other comprehensive income (loss)	14,350	(9,674)	13,193	(11,977)
Ending balance	3,095	(1,284)	3,095	(1,284)
Cash Flow Hedges | Interest Rate Swaps
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance		(41)		(343)
Other comprehensive income (loss) before reclassifications		(2)		225
Tax (expense) benefit		1		(82)
Amounts reclassed from accumulated other comprehensive income		(131)		(379)
Tax (expense) benefit		48		138
Total other comprehensive income (loss)		82		384
Ending balance		41		41
Pension Plan
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance	(1,672)	(3,907)	(1,672)	(3,907)
Other comprehensive income (loss) before reclassifications	0	0	0	0
Tax (expense) benefit	0	0	0	0
Amounts reclassed from accumulated other comprehensive income	0	0	0	0
Tax (expense) benefit	0	0	0	0
Total other comprehensive income (loss)	0	0	0	0
Ending balance	(1,672)	(3,907)	(1,672)	(3,907)
Total
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance	(65,125)	(87,030)	(76,269)	(95,424)
Ending balance	$ (69,832)	$ (80,161)	$ (69,832)	$ (80,161)

SEGMENT INFORMATION (Summary In

SEGMENT INFORMATION (Summary Information by Operating Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Summary information by operating segment
Net sales	$ 576,583	$ 596,846	$ 1,145,739	$ 1,178,636
Operating Income (Loss)	1,013	(429,756)	(27,268)	(475,019)
Operating segments | Americas
Summary information by operating segment
Net sales	279,263	288,804	528,332	566,347
Operating Income (Loss)	49,158	(166,500)	67,238	(140,819)
Operating segments | Europe
Summary information by operating segment
Net sales	176,040	194,702	378,155	390,382
Operating Income (Loss)	16,246	(86,805)	42,360	(73,191)
Operating segments | Asia
Summary information by operating segment
Net sales	121,280	113,340	239,252	221,907
Operating Income (Loss)	20,574	(35,658)	33,940	(24,701)
Corporate
Summary information by operating segment
Net sales	0	0	0	0
Operating Income (Loss)	$ (84,965)	$ (140,793)	$ (170,806)	$ (236,308)

SEGMENT INFORMATION (Schedule o

SEGMENT INFORMATION (Schedule of Net Sales for Each Class of Similar Products) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Net sales for each class of similar products
Net sales	$ 576,583	$ 596,846	$ 1,145,739	$ 1,178,636
Percentage of Total	100.00%	100.00%	100.00%	100.00%
Watches
Net sales for each class of similar products
Net sales	$ 462,990	$ 469,461	$ 910,605	$ 919,231
Percentage of Total	80.30%	78.60%	79.50%	78.00%
Leathers
Net sales for each class of similar products
Net sales	$ 67,920	$ 69,597	$ 137,179	$ 142,286
Percentage of Total	11.80%	11.70%	12.00%	12.10%
Jewelry
Net sales for each class of similar products
Net sales	$ 33,104	$ 44,285	$ 74,909	$ 92,171
Percentage of Total	5.70%	7.40%	6.50%	7.80%
Other
Net sales for each class of similar products
Net sales	$ 12,569	$ 13,503	$ 23,046	$ 24,948
Percentage of Total	2.20%	2.30%	2.00%	2.10%

DERIVATIVES AND RISK MANAGEME55

DERIVATIVES AND RISK MANAGEMENT (Cash Flow Hedges) (Details) $ in Thousands, € in Millions, ¥ in Millions, £ in Millions, $ in Millions, $ in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)	Jul. 01, 2017USD ($)	Jun. 30, 2018USD ($)	Jul. 01, 2017USD ($)	Jun. 30, 2018JPY (¥)	Jun. 30, 2018AUD ($)	Jun. 30, 2018MXN ($)	Jun. 30, 2018EUR (€)	Jun. 30, 2018CAD ($)	Jun. 30, 2018GBP (£)
Derivative [Line Items]
Foreign currency cash flow hedge maximum length of projection term			24 months
Forecasted purchases to manage fluctuations (up to)	85.00%		85.00%		85.00%	85.00%	85.00%	85.00%	85.00%	85.00%
Hedges resulted in ineffectiveness	$ 0	$ 0	$ 0	$ 0
Gain (loss) reclassified into earnings	(7,800)	(344,712)	(56,073)	(392,898)
Designated as cash flow hedges | Forward Contracts | Euro
Derivative [Line Items]
Notional amount	196,600		196,600					€ 165.2
Designated as cash flow hedges | Forward Contracts | Canadian dollar
Derivative [Line Items]
Notional amount	47,900		47,900						$ 61.4
Designated as cash flow hedges | Forward Contracts | British pound
Derivative [Line Items]
Notional amount	35,200		35,200							£ 26.5
Designated as cash flow hedges | Forward Contracts | Japanese yen
Derivative [Line Items]
Notional amount	23,600		23,600		¥ 2,556.1
Designated as cash flow hedges | Forward Contracts | Mexican peso
Derivative [Line Items]
Notional amount	8,600		8,600				$ 173.2
Designated as cash flow hedges | Forward Contracts | Australian dollar
Derivative [Line Items]
Notional amount	5,300		5,300			$ 6.9
Designated as cash flow hedges | Forward Contracts | U.S. dollar
Derivative [Line Items]
Notional amount	18,100		18,100		¥ 1,960
Cash Flow Hedges | Amount Reclassified from AOCI
Derivative [Line Items]
Gain (loss) reclassified into earnings	$ 0	$ 0	$ 0	$ 0

DERIVATIVES AND RISK MANAGEME56

DERIVATIVES AND RISK MANAGEMENT (Non-designated Hedges) (Details) R in Millions, $ in Millions	Jul. 26, 2013	Jun. 30, 2018USD ($)	Jun. 30, 2018ZAR (R)
Forward Contracts | Not designated as hedging instruments
Derivative [Line Items]
Fair value of designated forward contracts | $		$ 1.5
Hedged amount | R			R 19
Interest Rate Swaps | Designated as cash flow hedges
Derivative [Line Items]
Derivative, term of contract	5 years

DERIVATIVES AND RISK MANAGEME57

DERIVATIVES AND RISK MANAGEMENT (Derivative Instruments Recognized in Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Derivative [Line Items]
Total gain (loss) recognized in other comprehensive income (loss), net of taxes	$ 13,684	$ (8,936)	$ 7,509	$ (7,665)
Cash flow hedges | Forward Contracts
Derivative [Line Items]
Total gain (loss) recognized in other comprehensive income (loss), net of taxes	13,684	(8,935)	7,509	(7,808)
Cash flow hedges | Interest Rate Swaps
Derivative [Line Items]
Total gain (loss) recognized in other comprehensive income (loss), net of taxes	$ 0	$ (1)	$ 0	$ 143

DERIVATIVES AND RISK MANAGEME58

DERIVATIVES AND RISK MANAGEMENT (Derivative Instruments Designated and Qualifying as Cash Flow Hedges) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
Other income (expense)-net | Forward Contracts
Effective portion of gains and losses on derivative instruments
Total gain (loss) recognized in income	$ (1)	$ 0
Other income (expense)-net | Forward Contracts | Designated as cash flow hedges | Cash flow hedges
Effective portion of gains and losses on derivative instruments
Total gain (loss) reclassified from accumulated other comprehensive income (loss)	(666)	739	$ (5,684)	$ 4,169
Other income (expense)-net | Forward Contracts | Not designated as hedging instruments
Effective portion of gains and losses on derivative instruments
Total gain (loss) recognized in income	(444)	50	(101)	77
Other income (expense)-net | Amount Reclassified from AOCI | Interest Rate Swaps | Not designated as hedging instruments
Effective portion of gains and losses on derivative instruments
Total gain (loss) recognized in income			67	0
Interest expense | Interest Rate Swaps | Designated as cash flow hedges | Cash flow hedges
Effective portion of gains and losses on derivative instruments
Total gain (loss) reclassified from accumulated other comprehensive income (loss)	$ 0	$ (83)	$ 0	$ (241)

DERIVATIVES AND RISK MANAGEME59

DERIVATIVES AND RISK MANAGEMENT (Fair Value Amounts for Derivative Instruments) (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 30, 2017
Fair value of derivative instruments
Asset derivatives, fair value	$ 6,115	$ 2,633
Liability derivatives, fair value	4,075	17,885
Net gain expected to be reclassified into earnings within the next twelve months	4,200
Forward Contracts | Designated as cash flow hedges | Cash flow hedges | Prepaid expenses and other current assets
Fair value of derivative instruments
Asset derivatives, fair value	5,109	2,291
Forward Contracts | Designated as cash flow hedges | Cash flow hedges | Intangible and other assets-net
Fair value of derivative instruments
Asset derivatives, fair value	916	147
Forward Contracts | Designated as cash flow hedges | Cash flow hedges | Accrued expenses- other
Fair value of derivative instruments
Liability derivatives, fair value	4,029	14,798
Forward Contracts | Designated as cash flow hedges | Cash flow hedges | Other long-term liabilities
Fair value of derivative instruments
Liability derivatives, fair value	46	2,725
Forward Contracts | Not designated as hedging instruments | Prepaid expenses and other current assets
Fair value of derivative instruments
Asset derivatives, fair value	90	0
Forward Contracts | Not designated as hedging instruments | Accrued expenses- other
Fair value of derivative instruments
Liability derivatives, fair value	0	362
Interest Rate Swaps | Not designated as hedging instruments | Prepaid expenses and other current assets
Fair value of derivative instruments
Asset derivatives, fair value	0	195
Interest Rate Swaps | Not designated as hedging instruments | Accrued expenses- other
Fair value of derivative instruments
Liability derivatives, fair value	$ 0	$ 0

FAIR VALUE MEASUREMENTS (Fair V

FAIR VALUE MEASUREMENTS (Fair Value Hierarchy of Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - Fair Value Measurement, Recurring Basis - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 30, 2017
Estimate of Fair Value Measurement
Assets:
Forward contracts	$ 6,115	$ 2,438
Investment in publicly traded mutual funds	4,870	4,806
Interest rate swap		195
Total	10,985	7,439
Liabilities:
Contingent consideration	3,954	6,452
Forward contracts	4,075	17,885
Total	8,029	24,337
Level 1
Assets:
Forward contracts	0	0
Investment in publicly traded mutual funds	4,870	4,806
Interest rate swap		0
Total	4,870	4,806
Liabilities:
Contingent consideration	0	0
Forward contracts	0	0
Total	0	0
Level 2
Assets:
Forward contracts	6,115	2,438
Investment in publicly traded mutual funds	0	0
Interest rate swap		195
Total	6,115	2,633
Liabilities:
Contingent consideration	0	0
Forward contracts	4,075	17,885
Total	4,075	17,885
Level 3
Assets:
Forward contracts	0	0
Investment in publicly traded mutual funds	0	0
Interest rate swap		0
Total	0	0
Liabilities:
Contingent consideration	3,954	6,452
Forward contracts	0	0
Total	$ 3,954	$ 6,452

FAIR VALUE MEASUREMENTS (Narrat

FAIR VALUE MEASUREMENTS (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017	Dec. 30, 2017
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Property, plant and equipment - net	$ 200,113		$ 200,113		$ 219,742
Impairment of property, plant, and equipment			1,648	$ 2,722
Level 3
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Impairment of property, plant, and equipment			3,100
Specific Company Owned Stores
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Property, plant and equipment - net	3,000		3,000
Fair value write-down	100		100
Key amount not recoverable			200
Selling, General and Administrative | Americas | Level 3
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Impairment of property, plant, and equipment			1,500
Selling, General and Administrative | Europe | Level 3
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Impairment of property, plant, and equipment			200
Restructuring Charges | Europe | Level 3
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Impairment of property, plant, and equipment			1,400
Carrying Value
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Debt, fair value	401,700		401,700		445,900
Estimate of Fair Value Measurement
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Debt, fair value	399,700		$ 399,700		$ 439,200
Discount rate | Level 3 | Contingent Consideration
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Discount rate			14.00%
SKAGEN
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Carrying amount of trade name	27,300		$ 27,300
Implied fair value	21,100		$ 21,100
Impairment charge	$ 6,200	$ 28,300

INTANGIBLE AND OTHER ASSETS (In

INTANGIBLE AND OTHER ASSETS (Intangible and Other Assets) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Dec. 30, 2017
Intangibles-subject to amortization:
Gross Amount	$ 100,085	$ 100,718
Accumulated Amortization	58,248	52,629
Intangibles-not subject to amortization:
Trade names	32,424	38,643
Other assets:
Gross Amount	95,194	93,361
Accumulated Amortization	32,629	32,451
Gross Amount	227,703	232,722
Accumulated Amortization	90,877	85,080
Total intangible and other assets-net	136,826	147,642
Key money deposits
Other assets:
Gross Amount	26,506	27,196
Accumulated Amortization	$ 24,234	23,845
Key money deposits | Minimum
Other assets:
Amortization period based on initial lease term	4 years
Key money deposits | Maximum
Other assets:
Amortization period based on initial lease term	18 years
Other deposits
Other assets:
Gross Amount	$ 18,863	19,269
Deferred compensation plan assets
Other assets:
Gross Amount	4,870	4,806
Deferred tax asset-net
Other assets:
Gross Amount	27,702	27,112
Restricted cash
Other assets:
Gross Amount	1,787	377
Shop-in-shop
Other assets:
Gross Amount	8,492	8,864
Accumulated Amortization	8,395	8,606
Tax receivable
Other assets:
Gross Amount	478	478
Forward contracts
Other assets:
Gross Amount	916	147
Investments
Other assets:
Gross Amount	500	500
Other
Other assets:
Gross Amount	$ 5,080	4,612
Trademarks
Intangibles-subject to amortization:
Useful Lives	10 years
Gross Amount	$ 4,310	4,310
Accumulated Amortization	3,773	3,676
Customer lists
Intangibles-subject to amortization:
Gross Amount	54,545	55,164
Accumulated Amortization	$ 36,764	34,023
Customer lists | Minimum
Intangibles-subject to amortization:
Useful Lives	5 years
Customer lists | Maximum
Intangibles-subject to amortization:
Useful Lives	10 years
Patents
Intangibles-subject to amortization:
Gross Amount	$ 2,325	2,325
Accumulated Amortization	$ 2,148	2,132
Patents | Minimum
Intangibles-subject to amortization:
Useful Lives	3 years
Patents | Maximum
Intangibles-subject to amortization:
Useful Lives	20 years
Noncompete agreement
Intangibles-subject to amortization:
Gross Amount	$ 2,542	2,553
Accumulated Amortization	$ 2,425	2,243
Noncompete agreement | Minimum
Intangibles-subject to amortization:
Useful Lives	3 years
Noncompete agreement | Maximum
Intangibles-subject to amortization:
Useful Lives	6 years
Developed technology
Intangibles-subject to amortization:
Useful Lives	7 years
Gross Amount	$ 36,100	36,100
Accumulated Amortization	12,893	10,314
Other
Intangibles-subject to amortization:
Gross Amount	263	266
Accumulated Amortization	$ 245	$ 241
Other | Minimum
Intangibles-subject to amortization:
Useful Lives	7 years
Other | Maximum
Intangibles-subject to amortization:
Useful Lives	20 years

INTANGIBLE AND OTHER ASSETS (Am

INTANGIBLE AND OTHER ASSETS (Amortization Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017
INTANGIBLE AND OTHER ASSETS
Amortization expense for intangible assets	$ 3,000	$ 3,700	$ 6,000	$ 7,400
Estimated aggregate future amortization expense by fiscal year
2018 (remaining)	5,924		5,924
2,019	11,491		11,491
2,020	10,963		10,963
2,021	7,084		7,084
2,022	6,254		6,254
2,023	$ 61		$ 61

DEBT ACTIVITY (Details)

DEBT ACTIVITY (Details)	Jan. 29, 2018USD ($)	Jun. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Jul. 01, 2017USD ($)	Jun. 30, 2018USD ($)	Jul. 01, 2017USD ($)
Debt Instrument [Line Items]
Loss on extinguishment of debt					$ 718,000	$ 0
Interest expense		$ 11,067,000		$ 11,641,000	21,759,000	$ 20,025,000
Amortization of debt issuance costs		900,000			1,800,000
Second A&R Credit Agreement
Debt Instrument [Line Items]
Line of credit, voluntary permanent reduction in revolving credit capacity	$ 3,000,000
Line of credit, incremental amount in excess of voluntary permanent reduction in revolving credit capacity	1,000,000
Debt instrument covenant, minimum trailing twelve month EBITDA	110,000,000
Debt instrument covenant, minimum liquidity requirement, cash and cash equivalents including amount available for borrowing	160,000,000
Debt instrument covenant, maximum capital expenditures per year	$ 35,000,000
Second A&R Credit Agreement | Minimum
Debt Instrument [Line Items]
Debt instrument covenant, fixed charge coverage ratio	115.00%
Debt instrument covenant, cash and cash equivalents including amount available for borrowing	$ 200,000,000
Second A&R Credit Agreement | Maximum | Debt Covenant Period One
Debt Instrument [Line Items]
Debt instrument covenant consolidated leverage ratio	4.5
Second A&R Credit Agreement | Maximum | Debt Covenant Period Two
Debt Instrument [Line Items]
Debt instrument covenant consolidated leverage ratio	4.75
Second A&R Credit Agreement | Maximum | Debt Covenant Period Three
Debt Instrument [Line Items]
Debt instrument covenant consolidated leverage ratio	5
Second A&R Credit Agreement | Maximum | Debt Covenant Period Four
Debt Instrument [Line Items]
Debt instrument covenant consolidated leverage ratio	4.25
Second A&R Credit Agreement | Maximum | Debt Covenant Period Five
Debt Instrument [Line Items]
Debt instrument covenant consolidated leverage ratio	3.75
Second A&R Credit Agreement | Maximum | Debt Covenant Period Six And Thereafter
Debt Instrument [Line Items]
Debt instrument covenant consolidated leverage ratio	3.5
Prior Credit Agreement
Debt Instrument [Line Items]
Debt instrument, penalties and early termination fees	$ 0
Loss on extinguishment of debt			$ 700,000
Revolving Credit Facility
Debt Instrument [Line Items]
Net borrowings (repayments) of debt		(67,000,000)			(445,000,000)
Line of credit facility, remaining borrowing capacity		245,300,000			245,300,000
Interest expense, long-term debt		400,000			3,300,000
Revolving Credit Facility | Second A&R Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 325,000,000
Line of credit facility, components of borrowing base, percentage of assets, united states receivables	85.00%
Line of credit facility, components of borrowing base, percentage of assets, credit card receivables	90.00%
Line of credit facility, components of borrowing base, percentage of assets, foreign accounts receivable	35.00%
Line of credit facility, borrowing base, excluding indebtedness to foreign subsidiaries, amount	$ 100,000,000
Line of credit facility, components of borrowing base, percentage of assets, foreign borrowers	85.00%
Line of credit facility, borrowing base, excluding aggregate reserves, amount	$ 185,000,000
Debt instrument, basis spread on variable rate, increase	0.01
Line of credit facility, commitment fee percentage	0.50%
Revolving Credit Facility | Second A&R Credit Agreement | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Line of credit facility, annual authorized prepayment amount	$ 5,000,000
Debt instrument increments in excess of minimum principal amount	1,000,000
Revolving Credit Facility | Second A&R Credit Agreement | Base Rate
Debt Instrument [Line Items]
Line of credit facility, annual authorized prepayment amount	1,000,000
Debt instrument increments in excess of minimum principal amount	$ 1,000,000
Revolving Credit Facility | Second A&R Credit Agreement | Minimum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	4.00%
Revolving Credit Facility | Second A&R Credit Agreement | Minimum | Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.50%
Revolving Credit Facility | Second A&R Credit Agreement | Maximum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	5.00%
Revolving Credit Facility | Second A&R Credit Agreement | Maximum | Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	3.00%
Revolving Credit Facility | Second A&R Credit Agreement | Lower Of Cost Or Market Value | United States Finished Goods Inventory
Debt Instrument [Line Items]
Line of credit facility, components of borrowing base, percentage of assets	65.00%
Revolving Credit Facility | Second A&R Credit Agreement | Lower Of Cost Or Market Value | Finished Goods Held By Foreign Subsidiaries
Debt Instrument [Line Items]
Line of credit facility, components of borrowing base, percentage of assets	35.00%
Revolving Credit Facility | Second A&R Credit Agreement | Lower Of Cost Or Market Value | Foreign Finished Goods Inventory
Debt Instrument [Line Items]
Line of credit facility, components of borrowing base, percentage of assets	65.00%
Revolving Credit Facility | Second A&R Credit Agreement | Net Liquidation Value | United States Finished Goods Inventory
Debt Instrument [Line Items]
Line of credit facility, components of borrowing base, percentage of assets	85.00%
Revolving Credit Facility | Second A&R Credit Agreement | Net Liquidation Value | Finished Goods Held By Foreign Subsidiaries
Debt Instrument [Line Items]
Line of credit facility, components of borrowing base, percentage of assets	35.00%
Revolving Credit Facility | Second A&R Credit Agreement | Net Liquidation Value | Foreign Finished Goods Inventory
Debt Instrument [Line Items]
Line of credit facility, components of borrowing base, percentage of assets	85.00%
Revolving Credit Facility | Prior Credit Agreement
Debt Instrument [Line Items]
Long-term debt	$ 497,000,000
Letter of Credit | Second A&R Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	45,000,000
Term Loan Facility
Debt Instrument [Line Items]
Net borrowings (repayments) of debt		0			400,000,000
Term Loan Facility | Second A&R Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	425,000,000
Long-term debt, maturities, repayments of principal in year two		125,000,000			125,000,000
Long-term debt, maturities, repayments of principal in year three		75,000,000			75,000,000
Term Loan Facility | Second A&R Credit Agreement | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Line of credit facility, annual authorized prepayment amount	5,000,000
Debt instrument increments in excess of minimum principal amount	$ 1,000,000
Term Loan Facility | Second A&R Credit Agreement | Minimum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	7.00%
Term Loan Facility | Second A&R Credit Agreement | Minimum | Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	5.50%
Term Loan Facility | Second A&R Credit Agreement | Post Closing, First Anniversary | Maximum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	8.00%
Term Loan Facility | Second A&R Credit Agreement | Post Closing, First Anniversary | Maximum | Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	6.50%
Term Loan Facility | Second A&R Credit Agreement | Post Closing, Second Anniversary | Maximum | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	9.00%
Term Loan Facility | Second A&R Credit Agreement | Post Closing, Second Anniversary | Maximum | Base Rate
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	7.50%
Term Loan Facility | Prior Credit Agreement
Debt Instrument [Line Items]
Long-term debt	$ 0
U.S. term loan
Debt Instrument [Line Items]
Interest expense		$ 8,900,000			$ 15,100,000

RESTRUCTURING (Narrative) (Deta

RESTRUCTURING (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017	Dec. 30, 2017	Dec. 31, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 14,549	$ 9,765	$ 35,866	$ 36,049
New World Fossil
Restructuring Cost and Reserve [Line Items]
Total expected costs to be incurred	150,000		150,000
Restructuring charges	14,549	$ 9,765	35,866	$ 36,049	$ 48,200	$ 27,800
Restructuring, expected remaining costs	$ 50,000		$ 50,000

RESTRUCTURING (Liability Incurr

RESTRUCTURING (Liability Incurred for Restructuring Plan) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017	Dec. 30, 2017	Dec. 31, 2016
Restructuring Reserve [Roll Forward]
Restructuring charges	$ 14,549	$ 9,765	$ 35,866	$ 36,049
New World Fossil
Restructuring Reserve [Roll Forward]
Beginning balance	8,438	7,696	4,475	5,340	$ 5,340
Restructuring charges	14,549	9,765	35,866	36,049	48,200	$ 27,800
Cash Payments	12,984	7,148	23,169	30,425
Non-cash Items	234	3,769	7,403	4,420
Ending balance	9,769	6,544	9,769	6,544	4,475	5,340
New World Fossil | Store closures
Restructuring Reserve [Roll Forward]
Beginning balance	4,405	5,501	2,973	4,546	4,546
Restructuring charges	6,434	3,017	14,989	5,741
Cash Payments	5,190	1,060	10,602	2,178
Non-cash Items	234	2,565	1,945	3,216
Ending balance	5,415	4,893	5,415	4,893	2,973	4,546
New World Fossil | Professional services
Restructuring Reserve [Roll Forward]
Beginning balance	698	92	185	794	794
Restructuring charges	4,119	856	5,277	1,430
Cash Payments	3,299	832	3,944	2,108
Non-cash Items	0	0	0	0
Ending balance	1,518	116	1,518	116	185	794
New World Fossil | Severance and employee-related benefits
Restructuring Reserve [Roll Forward]
Beginning balance	3,335	2,103	1,317	0	0
Restructuring charges	3,996	5,892	15,600	28,878
Cash Payments	4,495	5,256	8,623	26,139
Non-cash Items	0	1,204	5,458	1,204
Ending balance	$ 2,836	$ 1,535	$ 2,836	$ 1,535	$ 1,317	$ 0

RESTRUCTURING (Restructuring Ch

RESTRUCTURING (Restructuring Charges by Operating Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Jun. 30, 2018	Jul. 01, 2017	Dec. 30, 2017	Dec. 31, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 14,549	$ 9,765	$ 35,866	$ 36,049
New World Fossil
Restructuring Cost and Reserve [Line Items]
Restructuring charges	14,549	9,765	35,866	36,049	$ 48,200	$ 27,800
New World Fossil | Operating segments | Americas
Restructuring Cost and Reserve [Line Items]
Restructuring charges	8,412	2,179	16,536	7,796
New World Fossil | Operating segments | Europe
Restructuring Cost and Reserve [Line Items]
Restructuring charges	2,352	2,160	5,719	7,682
New World Fossil | Operating segments | Asia
Restructuring Cost and Reserve [Line Items]
Restructuring charges	637	3,353	1,331	8,139
New World Fossil | Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 3,148	$ 2,073	$ 12,280	$ 12,432