Fossil (FOSL) 10-Q 8 Nov 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 29, 2018	Nov. 01, 2018
Document and Entity Information
Entity Registrant Name	Fossil Group, Inc.
Entity Central Index Key	883,569
Document Fiscal Year Focus	2,018
Document Type	10-Q
Document Fiscal Period Focus	Q3
Document Period End Date	Sep. 29, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-29
Entity Filer Category	Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Common Stock, Shares Outstanding (in shares)		49,455,528

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Sep. 29, 2018	Dec. 30, 2017
Current assets:
Cash and cash equivalents	$ 236,103	$ 231,244
Accounts receivable - net of allowances of $28,171 and $88,128, respectively	261,678	367,013
Inventories	521,311	573,788
Prepaid expenses and other current assets	129,410	118,943
Total current assets	1,148,502	1,290,988
Property, plant and equipment - net of accumulated depreciation of $453,465 and $431,914, respectively	190,644	219,742
Intangible and other assets-net	130,385	147,642
Total long-term assets	321,029	367,384
Total assets	1,469,531	1,658,372
Current liabilities:
Accounts payable	159,401	204,981
Short-term and current portion of long-term debt	127,977	2,144
Accrued expenses:
Compensation	72,653	70,725
Royalties	26,921	39,874
Customer liabilities	52,111	27,946
Transaction taxes	28,489	36,547
Other	76,101	109,211
Income taxes payable	27,525	17,660
Total current liabilities	571,178	509,088
Long-term income taxes payable	29,163	47,093
Deferred income tax liabilities	2,450	1,096
Long-term debt	269,134	443,942
Other long-term liabilities	68,025	76,206
Total long-term liabilities	368,772	568,337
Commitments and contingencies (Note 13)
Stockholders’ equity:
Common stock, 49,393 and 48,643 shares issued and outstanding at September 29, 2018 and December 30, 2017, respectively	494	486
Additional paid-in capital	262,755	242,263
Retained earnings	332,044	409,653
Accumulated other comprehensive income (loss)	(68,508)	(76,269)
Total Fossil Group, Inc. stockholders’ equity	526,785	576,133
Noncontrolling interests	2,796	4,814
Total stockholders’ equity	529,581	580,947
Total liabilities and stockholders’ equity	$ 1,469,531	$ 1,658,372

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Sep. 29, 2018	Dec. 30, 2017
Statement of Financial Position [Abstract]
Accounts receivable - allowances	$ 28,171	$ 88,128
Property, plant and equipment, accumulated depreciation	$ 453,465	$ 431,914
Common stock, shares issued (in shares)	49,393	48,643
Common stock, shares outstanding (in shares)	49,393	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		9 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Income Statement [Abstract]
Net sales	$ 608,827	$ 688,722	$ 1,754,566	$ 1,867,358
Cost of sales	282,295	368,829	831,333	956,600
Gross profit	326,532	319,893	923,233	910,758
Operating expenses:
Selling, general and administrative expenses	297,804	314,623	879,694	937,330
Goodwill and trade name impairments	0	0	6,212	407,128
Restructuring charges	6,075	5,769	41,942	41,818
Total operating expenses	303,879	320,392	927,848	1,386,276
Operating income (loss)	22,653	(499)	(4,615)	(475,518)
Interest expense	9,899	12,070	31,658	32,096
Other income (expense) - net	(2,895)	3,860	(5,338)	11,501
Income (loss) before income taxes	9,859	(8,709)	(41,611)	(496,113)
Provision for income taxes	3,937	(3,230)	7,209	(100,746)
Net income (loss)	5,922	(5,479)	(48,820)	(395,367)
Less: Net income (loss) attributable to noncontrolling interests	916	(80)	2,247	2,931
Net income (loss) attributable to Fossil Group, Inc.	5,006	(5,399)	(51,067)	(398,298)
Other comprehensive income (loss), net of taxes:
Currency translation adjustment	(1,380)	5,222	(8,136)	32,078
Cash flow hedges - net change	2,704	(9,771)	15,897	(21,364)
Total other comprehensive income (loss)	1,324	(4,549)	7,761	10,714
Total comprehensive income (loss)	7,246	(10,028)	(41,059)	(384,653)
Less: Comprehensive income attributable to noncontrolling interests	916	(80)	2,247	2,931
Comprehensive income (loss) attributable to Fossil Group, Inc.	$ 6,330	$ (9,948)	$ (43,306)	$ (387,584)
Earnings (loss) per share:
Basic (in dollars per share)	$ 0.10	$ (0.11)	$ (1.04)	$ (8.22)
Diluted (in dollars per share)	$ 0.10	$ (0.11)	$ (1.04)	$ (8.22)
Weighted average common shares outstanding:
Basic (in shares)	49,381	48,521	49,107	48,439
Diluted (in shares)	50,659	48,521	49,107	48,439

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Operating Activities:
Net Income (loss)	$ (48,820)	$ (395,367)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation, amortization and accretion	47,154	61,526
Stock-based compensation	17,240	22,384
Decrease in allowance for returns and markdowns	(28,034)	(6,129)
Loss on disposal of assets	776	1,686
Property, plant and equipment and other long-lived asset impairment losses	1,757	2,726
Goodwill and trade name impairments	6,212	407,128
Non-cash restructuring charges	7,410	7,031
Increase in allowance for doubtful accounts	4,867	4,161
Loss on extinguishment of debt	718	0
Deferred income taxes and other	10,809	(111,177)
Contingent consideration remeasurement	(1,257)	0
Changes in operating assets and liabilities, net of effect of acquisitions:
Accounts receivable	143,955	85,078
Inventories	13,113	(116,002)
Prepaid expenses and other current assets	(2,620)	(5,620)
Accounts payable	(46,805)	80,146
Accrued expenses	(45,986)	20,863
Income taxes payable	(8,077)	1,734
Net cash provided by operating activities	72,412	60,168
Investing Activities:
Additions to property, plant and equipment	(10,188)	(17,239)
(Increase) decrease in intangible and other assets	(488)	337
Proceeds from the sale of property, plant and equipment	182	533
Net cash used in investing activities	(10,494)	(16,369)
Financing Activities:
Proceeds from exercise of stock options	186	0
Net settlement of restricted grants, restricted stock units and preferred stock units	(2,493)	(947)
Distribution of noncontrolling interest earnings	(4,224)	(428)
Debt borrowings	809,524	1,162,074
Debt payments	(854,240)	(1,311,597)
Payment for shares of Fossil Accessories South Africa Pty. Ltd.	(1,678)	0
Debt issuance costs	(7,434)	(5,579)
Net cash used in financing activities	(60,359)	(156,477)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	4,588	(17,855)
Net increase (decrease) in cash, cash equivalents, and restricted cash	6,147	(130,533)
Cash, cash equivalents, and restricted cash:
Beginning of period	231,655	297,862
End of period	$ 237,802	$ 167,329

FINANCIAL STATEMENT POLICIES

FINANCIAL STATEMENT POLICIES	9 Months Ended
	Sep. 29, 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 September 29, 2018 , and the results of operations for the thirteen-week periods ended September 29, 2018 (“ Third Quarter”) and September 30, 2017 (“Prior Year Quarter”), respectively, and the 39 week periods ended September 29, 2018 (“Year To Date Period”) and September 30, 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 Third 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 "). 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 September 29, 2018 , the result would have been a net gain of approximately $6.2 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). 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 of fiscal 2018, 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 second quarter of fiscal 2017, 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 second quarter of fiscal 2017, 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 September 29, 2018 For the 13 Weeks Ended September 30, 2017 For the 39 Weeks Ended September 29, 2018 For the 39 Weeks Ended September 30, 2017 Numerator: Net income (loss) attributable to Fossil Group, Inc. $ 5,006 $ (5,399 ) $ (51,067 ) $ (398,298 ) Denominator: Basic EPS computation: Basic weighted average common shares outstanding 49,381 48,521 49,107 48,439 Basic EPS $ 0.10 $ (0.11 ) $ (1.04 ) $ (8.22 ) Diluted EPS computation: Basic weighted average common shares outstanding 49,381 48,521 49,107 48,439 Effect of stock options, stock appreciation rights, restricted stock units and performance restricted stock units 1,278 — — — Diluted weighted average common shares outstanding 50,659 48,521 49,107 48,439 Diluted EPS $ 0.10 $ (0.11 ) $ (1.04 ) $ (8.22 ) At the end of the Third Quarter and Year To Date Period, 1.9 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 0.7 million and 1.2 million weighted average performance-based shares at the end of the Third Quarter and Year To Date Period, respectively. Additionally, 0.5 million weighted average performance-based shares were not included in the diluted EPS calculation at the end of the Third Quarter because the performance targets were not met. At the end of the Prior Year Quarter and Prior Year YTD Period, 5.1 million and 4.4 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 1.2 million weighted average performance-based shares at the end of both the Prior Year Quarter and Prior Year YTD Period. Recently Issued Accounting Standards In August 2018, the Securities and Exchange Commission ("SEC") adopted the final rule under SEC Release No. 33-10532, Disclosure Update and Simplification, amending certain disclosure requirements that were redundant, duplicative, overlapping, outdated or superseded. In addition, the amendments expanded the disclosure requirements on the analysis of stockholders' equity for interim financial statements. Under the amendments, an analysis of changes in each caption of stockholders' equity presented in the balance sheet must be provided in a note or separate statement. The analysis should present a reconciliation of the beginning balance to the ending balance of each period for which a statement of comprehensive income is required to be filed. This final rule is effective on November 5, 2018. The Company is in the process of evaluating the impact of the final rule on its consolidated financial statements and the Company plans to include the additional interim disclosures for the first interim period in fiscal year 2019. In August 2018, the Financial Accounting Standards Board ("FASB") issued ASU 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40) ("ASU 2018-15"). ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The guidance is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. 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 2018, the FASB issued ASU 2018-14, Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715-20): Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans ("ASU 2018-14") . ASU 2018-14 removes certain disclosures that are not considered cost beneficial, clarifies certain required disclosures and adds additional disclosures. The guidance is effective for fiscal years ending after December 15, 2020. 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 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement ("ASU 2018-13"). ASU 2018-13 eliminates certain disclosure requirements related to the fair value hierarchy, adds new disclosure requirements related to the changes in unrealized gains and losses for recurring Level 3 fair value measurements and disclosing the range and weighted average of significant observable inputs used to develop Level 3 fair value measurements and modifies certain disclosure requirements related to measurement uncertainty for fair value measurements. The guidance is effective for annual reporting periods and interim periods within those annual periods beginning after December 15, 2019. The Company does not expect this standard to have a material impact on the Company's consolidated results of operations or financial position. In February 2018, the 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 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 does not expect this standard to have a material impact on the Company's consolidated results of operations or financial position. 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 has substantially completed evaluating its population of leases and is in the process of implementing a new lease accounting system to capture, track and account for lease data. The Company is also in the process of identifying changes to its business processes and controls to support adoption of the new standard. The Company plans to adopt the standard using the optional transition method presented in ASU 2018-11 and expects the standard to result in a significant increase to the Company's condensed consolidated balance sheets for lease liabilities and right-of-use assets. 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 September 29, 2018 and September 30, 2017 that are presented in the condensed consolidated statement of cash flows (in thousands): September 29, 2018 September 30, 2017 December 30, 2017 Cash and cash equivalents $ 236,103 $ 166,922 $ 231,244 Restricted cash included in prepaid expenses and other current assets 31 34 34 Restricted cash included in intangible and other assets-net 1,668 373 377 Cash, cash equivalents and restricted cash $ 237,802 $ 167,329 $ 231,655 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	9 Months Ended
	Sep. 29, 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 September 29, 2018 and the Company's condensed consolidated statements of income (loss) and comprehensive income (loss) for the Third Quarter and Year To Date Period (in thousands): September 29, 2018 As Reported Without Adoption of ASU 2014-09 Impact of Adoption of ASU 2014-09 Assets Accounts receivable $ 261,678 $ 240,178 $ 21,500 Inventories 521,311 538,810 (17,499 ) Prepaid expenses and other current assets 129,410 112,332 17,078 Liabilities Customer liabilities $ 52,111 $ 14,850 $ 37,261 For the 13 Weeks Ended September 29, 2018 As Reported Without Adoption of ASU 2014-09 Impact of Adoption of ASU 2014-09 Net sales $ 608,827 $ 614,357 $ (5,530 ) Cost of sales 282,295 281,990 305 For the 39 Weeks Ended September 29, 2018 As Reported Without Adoption of ASU 2014-09 Impact of Adoption of ASU 2014-09 Net sales $ 1,754,566 $ 1,750,513 $ 4,053 Cost of sales 831,333 830,912 421 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) attributable to Fossil Group, Inc. (51,067 ) Markdowns adjustment, net of taxes (27,325 ) Sales adjustment, net of taxes 783 Balance at September 29, 2018 $ 332,044 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 September 29, 2018 Americas Europe Asia Total Product type Watches $ 213,365 $ 157,877 $ 115,296 $ 486,538 Leathers 38,645 15,452 11,939 66,036 Jewelry 11,495 28,495 1,810 41,800 Other 5,559 5,709 3,185 14,453 Consolidated $ 269,064 $ 207,533 $ 132,230 $ 608,827 Timing of revenue recognition Revenue recognized at a point in time $ 268,485 $ 207,247 $ 132,098 $ 607,830 Revenue recognized over time 579 286 132 997 Consolidated $ 269,064 $ 207,533 $ 132,230 $ 608,827 For the 39 Weeks Ended September 29, 2018 Americas Europe Asia Total Product type Watches $ 630,678 $ 445,433 $ 321,032 $ 1,397,143 Leathers 119,732 46,405 37,078 203,215 Jewelry 33,973 78,152 4,584 116,709 Other 13,013 15,698 8,788 37,499 Consolidated $ 797,396 $ 585,688 $ 371,482 $ 1,754,566 Timing of revenue recognition Revenue recognized at a point in time $ 795,824 $ 584,930 $ 371,126 $ 1,751,880 Revenue recognized over time 1,572 758 356 2,686 Consolidated $ 797,396 $ 585,688 $ 371,482 $ 1,754,566 Practical Expedients and Contract Balances. As of September 29, 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 $5.9 million and $4.6 million as of September 29, 2018 and December 30, 2017 , respectively, primarily related to remaining performance obligations on wearable technology products. Additionally, the Company had contract liabilities of $3.7 million and $7.2 million as of September 29, 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	9 Months Ended
	Sep. 29, 2018
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories consisted of the following (in thousands): September 29, 2018 December 30, 2017 Components and parts $ 32,014 $ 52,837 Work-in-process 5,924 15,983 Finished goods 483,373 504,968 Inventories $ 521,311 $ 573,788

WARRANTY LIABILITIES

WARRANTY LIABILITIES	9 Months Ended
	Sep. 29, 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 39 Weeks Ended September 29, 2018 For the 39 Weeks Ended September 30, 2017 Beginning balance $ 19,405 $ 15,421 Settlements in cash or kind (11,963 ) (11,608 ) Warranties issued and adjustments to preexisting warranties (1) 13,837 14,984 Ending balance $ 21,279 $ 18,797 _______________________________________________ (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	9 Months Ended
	Sep. 29, 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 September 29, 2018 For the 13 Weeks Ended September 30, 2017 For the 39 Weeks Ended September 29, 2018 For the 39 Weeks Ended September 30, 2017 Income tax (benefit) expense $ 3,937 $ (3,230 ) $ 7,209 $ (100,746 ) Effective tax rate 39.9 % 37.1 % (17.3 )% 20.3 % The higher effective tax rate in the Third Quarter as compared to the Prior Year Quarter was primarily due to 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 and the negative impact of 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. For 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. These negative impacts were partially offset by the recognition of an income tax benefit related to a reduction in the 2017 federal income tax liability over the amount previously accrued. The Year to Date Period 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. The Third Quarter and Year to Date Period tax rates reflect a refinement in the repatriation tax calculations and implementation of the proposed regulations issued by the U.S. Department of Treasury and the Internal Revenue Service during the third quarter relating to Section 965 of the Internal Revenue Code, as amended by the Tax Cuts and Jobs Act, which was enacted on December 22, 2017. As of September 29, 2018 , the Company's total amount of unrecognized tax benefits, excluding interest and penalties, was $34.7 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 2011-2017 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 September 29, 2018 , the Company had recorded $11.7 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 September 29, 2018 , the total amount of accrued income tax-related interest and penalties included in the condensed consolidated balance sheets was $3.8 million and $1.0 million , respectively. For the Third Quarter and Year To Date Period, the Company accrued income tax related interest expense of $0.5 million and $1.0 million , respectively.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Sep. 29, 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 September 29, 2018 , all treasury stock had been effectively retired. As of September 29, 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 Third Quarter, Prior Year Quarter, Year To Date Period or Prior Year YTD Period. Controlling and Noncontrolling Interests. The following tables summarize the changes in equity attributable to controlling and noncontrolling interests (in thousands): Fossil Group, Inc. Stockholders’ Equity Noncontrolling Interests Total Stockholders’ Equity Balance at December 30, 2017 $ 576,133 $ 4,814 $ 580,947 Net income (loss) (51,067 ) 2,247 (48,820 ) 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 (8,136 ) — (8,136 ) Cash flow hedges - net change 15,897 — 15,897 Distribution of noncontrolling interest earnings and other 109 (4,265 ) (4,156 ) Stock options exercised 186 — 186 Net settlement of restricted grants, restricted stock units, and preferred stock units to satisfy employee tax withholding upon vesting (2,493 ) — (2,493 ) Stock-based compensation expense 22,698 — 22,698 Balance at September 29, 2018 $ 526,785 $ 2,796 $ 529,581 Fossil Group, Inc. Stockholders’ Equity Noncontrolling Interests Total Stockholders’ Equity Balance at December 31, 2016 $ 1,006,236 $ 9,202 $ 1,015,438 Net income (loss) (398,298 ) 2,931 (395,367 ) Currency translation adjustment 32,078 — 32,078 Cash flow hedges - net change (21,364 ) — (21,364 ) Distribution of noncontrolling interest earnings — (428 ) (428 ) Net settlement of restricted grants, restricted stock units, and preferred stock units to satisfy employee tax withholding upon vesting (947 ) — (947 ) Stock-based compensation expense 23,588 — 23,588 Balance at September 30, 2017 $ 641,293 $ 11,705 $ 652,998 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 $1.7 million during the Year To Date Period towards the purchase price. The present value of the remaining purchase price is $4.3 million as of September 29, 2018 . The transaction was accounted for as an equity transaction. The Company recorded $1.7 million of the variable consideration in accrued expenses-other and $2.6 million in other long-term liabilities in the consolidated balance sheets at September 29, 2018 .

EMPLOYEE BENEFIT PLANS

EMPLOYEE BENEFIT PLANS	9 Months Ended
	Sep. 29, 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 Third 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 June 30, 2018 2,003 $ 50.44 1.8 $ 307 Granted — — Exercised — — — Forfeited or expired (57 ) 86.66 Outstanding at September 29, 2018 1,946 49.37 1.7 212 Exercisable at September 29, 2018 1,377 $ 54.25 1.7 $ 212 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 September 29, 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 Third 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 September 29, 2018 : Cash Stock Appreciation Rights Outstanding Cash Stock Appreciation Rights Exercisable Number of Weighted- Weighted- Number of Weighted- Average Exercise Price (in Thousands) (in Years) (in Thousands) 61 $ 36.73 0.5 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 0.4 22 $ 14.41 $36.73 - $70.12 40 38.40 1.4 40 38.40 $80.22 - $127.84 189 108.14 2.8 189 108.14 $128.29 - $131.46 6 130.80 3.4 6 130.80 Total 257 $ 89.71 2.4 257 $ 89.71 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 5.8 32 $ 29.49 $36.73 - $70.12 1,419 38.11 1.1 889 38.26 $80.22 - $127.84 156 93.85 3.6 156 93.85 $128.29 - $131.46 5 128.29 0.8 5 128.29 Total 1,628 $ 43.49 1.5 1,082 $ 46.45 Restricted Stock Units and Performance Restricted Stock Units. The following table summarizes restricted stock unit and performance restricted stock unit activity during the Third Quarter: Restricted Stock Units and Performance Restricted Stock Units Number of Shares Weighted-Average Grant Date Fair Value Per Share (in Thousands) Nonvested at June 30, 2018 3,266 $ 18.13 Granted 20 25.61 Vested (76 ) 14.07 Forfeited (51 ) 13.71 Nonvested at September 29, 2018 3,159 $ 18.35 The total fair value of restricted stock units vested during the Third Quarter was approximately $1.9 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)	9 Months Ended
	Sep. 29, 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 September 29, 2018 Currency Translation Adjustments Cash Flow Hedges Forward Contracts Pension Plan Total Beginning balance $ (71,255 ) $ 3,095 $ (1,672 ) $ (69,832 ) Other comprehensive income (loss) before reclassifications (1,380 ) 2,885 — 1,505 Tax (expense) benefit — 212 — 212 Amounts reclassed from accumulated other comprehensive income (loss) — (33 ) — (33 ) Tax (expense) benefit — 426 — 426 Total other comprehensive income (loss) (1,380 ) 2,704 — 1,324 Ending balance $ (72,635 ) $ 5,799 $ (1,672 ) $ (68,508 ) For the 13 Weeks Ended September 30, 2017 Currency Translation Adjustments Cash Flow Hedges Forward Contracts Interest Rate Swaps Pension Plan Total Beginning balance $ (75,011 ) $ (1,284 ) $ 41 $ (3,907 ) $ (80,161 ) Other comprehensive income (loss) before reclassifications 5,222 (16,776 ) 5 — (11,549 ) Tax (expense) benefit — 2,853 (2 ) — 2,851 Amounts reclassed from accumulated other comprehensive income (loss) — (4,940 ) (25 ) — (4,965 ) Tax (expense) benefit — 807 9 — 816 Total other comprehensive income (loss) 5,222 (9,790 ) 19 — (4,549 ) Ending balance $ (69,789 ) $ (11,074 ) $ 60 $ (3,907 ) $ (84,710 ) For the 39 Weeks Ended September 29, 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 (8,136 ) 10,116 — 1,980 Tax (expense) benefit — 490 — 490 Amounts reclassed from accumulated other comprehensive income (loss) — (6,979 ) — (6,979 ) Tax (expense) benefit — 1,688 — 1,688 Total other comprehensive income (loss) (8,136 ) 15,897 — 7,761 Ending balance $ (72,635 ) $ 5,799 $ (1,672 ) $ (68,508 ) For the 39 Weeks Ended September 30, 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 32,078 (33,243 ) 230 — (935 ) Tax (expense) benefit — 11,512 (84 ) — 11,428 Amounts reclassed from accumulated other comprehensive income (loss) — 1,981 (404 ) — 1,577 Tax (expense) benefit — (1,945 ) 147 — (1,798 ) Total other comprehensive income (loss) 32,078 (21,767 ) 403 — 10,714 Ending balance $ (69,789 ) $ (11,074 ) $ 60 $ (3,907 ) $ (84,710 ) See “Note 10—Derivatives and Risk Management” for additional disclosures about the Company’s use of derivatives.

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 29, 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 September 29, 2018 For the 13 Weeks Ended September 30, 2017 Net Sales Operating Income (Loss) Net Sales Operating Income (Loss) Americas $ 269,064 $ 36,061 $ 308,102 $ 18,843 Europe 207,533 34,131 247,184 39,332 Asia 132,230 31,979 133,436 21,999 Corporate — (79,518 ) — (80,673 ) Consolidated $ 608,827 $ 22,653 $ 688,722 $ (499 ) For the 39 Weeks Ended September 29, 2018 For the 39 Weeks Ended September 30, 2017 Net Sales Operating Income (Loss) Net Sales Operating Income (Loss) Americas $ 797,396 $ 103,298 $ 874,449 $ (121,976 ) Europe 585,688 76,490 637,566 (33,859 ) Asia 371,482 65,921 355,343 (2,702 ) Corporate — (250,324 ) — (316,981 ) Consolidated $ 1,754,566 $ (4,615 ) $ 1,867,358 $ (475,518 ) 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 September 29, 2018 For the 13 Weeks Ended September 30, 2017 Net Sales Percentage of Total Net Sales Percentage of Total Watches $ 486,538 79.9 % $ 551,913 80.1 % Leathers 66,036 10.8 75,660 11.0 Jewelry 41,800 6.9 47,729 6.9 Other 14,453 2.4 13,420 2.0 Total $ 608,827 100.0 % $ 688,722 100.0 % For the 39 Weeks Ended September 29, 2018 For the 39 Weeks Ended September 30, 2017 Net Sales Percentage of Total Net Sales Percentage of Total Watches $ 1,397,143 79.6 % $ 1,471,144 78.8 % Leathers 203,215 11.6 217,946 11.7 Jewelry 116,709 6.7 139,900 7.5 Other 37,499 2.1 38,368 2.0 Total $ 1,754,566 100.0 % $ 1,867,358 100.0 %

DERIVATIVES AND RISK MANAGEMENT

DERIVATIVES AND RISK MANAGEMENT	9 Months Ended
	Sep. 29, 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 Third 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 Third Quarter, Prior Year Quarter, Year To Date Period or Prior Year YTD Period. As of September 29, 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 164.8 U.S. dollar 197.6 Canadian dollar 61.3 U.S. dollar 47.8 British pound 25.5 U.S. dollar 34.0 Japanese yen 2,406.2 U.S. dollar 22.2 Mexican peso 343.1 U.S. dollar 17.5 Australian dollar 13.8 U.S. dollar 10.1 U.S. dollar 22.6 Japanese yen 2,455.0 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 September 29, 2018 , the Company had non-designated forward contracts of approximately $1.4 million on 20.0 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. The effective portion of gains and losses on cash flow hedges that were recognized in other comprehensive income (loss), net of taxes during the Third Quarter, Prior Year Quarter, Year To Date Period and Prior Year YTD Period are set forth below (in thousands): For the 13 Weeks Ended September 29, 2018 For the 13 Weeks Ended September 30, 2017 Cash flow hedges: Forward contracts $ 3,097 $ (13,923 ) Interest rate swaps — 3 Total gain (loss) recognized in other comprehensive income (loss), net of taxes $ 3,097 $ (13,920 ) For the 39 Weeks Ended September 29, 2018 For the 39 Weeks Ended September 30, 2017 Cash flow hedges: Forward contracts $ 10,606 $ (21,731 ) Interest rate swaps — 146 Total gain (loss) recognized in other comprehensive income (loss), net of taxes $ 10,606 $ (21,585 ) 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 Third 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 September 29, 2018 For the 13 Weeks Ended September 30, 2017 Forward contracts designated as cash flow hedging instruments Other income (expense)-net Total gain (loss) reclassified from accumulated other comprehensive income (loss) $ 393 $ (4,133 ) Forward contracts not designated as hedging instruments Other income (expense)-net Total gain (loss) recognized in income $ (11 ) $ (12 ) Interest rate swap designated as a cash flow hedging instrument Interest expense Total gain (loss) reclassified from accumulated other comprehensive income (loss) $ — $ (16 ) Derivative Instruments Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) Location Effect of Derivative Instruments For the 39 Weeks Ended September 29, 2018 For the 39 Weeks Ended September 30, 2017 Forward contracts designated as cash flow hedging instruments Other income (expense)-net Total gain (loss) reclassified from other comprehensive income (loss) $ (5,291 ) $ 36 Forward contracts not designated as hedging instruments Other income (expense)-net Total gain (loss) recognized in income $ (113 ) $ 170 Interest rate swap designated as a cash flow hedging instrument Interest expense Total gain (loss) reclassified from other comprehensive income (loss) $ — $ (257 ) 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 September 29, 2018 December 30, 2017 September 29, 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 $ 5,826 Prepaid expenses and other current assets $ 2,291 Accrued expenses- other $ 3,012 Accrued expenses- other $ 14,798 Forward contracts not designated as cash flow hedging instruments Prepaid expenses and other current assets 1 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 594 Intangible and other assets-net 147 Other long-term liabilities 80 Other long-term liabilities 2,725 Total $ 6,421 $ 2,633 $ 3,092 $ 17,885 At the end of the Third Quarter, the Company had forward contracts designated as cash flow hedges with maturities extending through March 2020. As of September 29, 2018 , an estimated net gain of $5.7 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	9 Months Ended
	Sep. 29, 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 September 29, 2018 (in thousands): Fair Value at September 29, 2018 Level 1 Level 2 Level 3 Total Assets: Forward contracts $ — $ 6,421 $ — $ 6,421 Deferred compensation plan assets: Investment in publicly traded mutual funds 5,068 — — 5,068 Total $ 5,068 $ 6,421 $ — $ 11,489 Liabilities: Contingent consideration $ — $ — $ 4,309 $ 4,309 Forward contracts — 3,092 — 3,092 Total $ — $ 3,092 $ 4,309 $ 7,401 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 September 29, 2018 , debt, excluding unamortized debt issuance costs and capital leases, was recorded at cost and had a carrying value of $402.0 million and a fair value of approximately $400.0 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 of fiscal 2018, 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 $3.2 million related to retail store leasehold improvements, fixturing and shop-in-shops was written down to a fair value of $0.2 million , and related key money in the amount of $0.2 million was deemed not recoverable, resulting in impairment charges of $3.2 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 $3.2 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 $0.3 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 $4.3 million as of September 29, 2018 .

INTANGIBLE AND OTHER ASSETS

INTANGIBLE AND OTHER ASSETS	9 Months Ended
	Sep. 29, 2018
INTANGIBLE AND OTHER ASSETS
INTANGIBLE AND OTHER ASSETS	INTANGIBLE AND OTHER ASSETS The following table summarizes intangible and other assets (in thousands): September 29, 2018 December 30, 2017 Useful Gross Accumulated Gross Accumulated Lives Amount Amortization Amount Amortization Intangibles-subject to amortization: Trademarks 10 yrs. $ 4,310 $ 3,819 $ 4,310 $ 3,676 Customer lists 5-10 yrs. 52,916 36,717 55,164 34,023 Patents 3-20 yrs. 2,325 2,156 2,325 2,132 Noncompete agreement 3-6 yrs. 2,370 2,312 2,553 2,243 Developed technology 7 yrs. 36,100 14,182 36,100 10,314 Other 7-20 yrs. 263 246 266 241 Total intangibles-subject to amortization 98,284 59,432 100,718 52,629 Intangibles-not subject to amortization: Trade names 32,430 38,643 Other assets: Key money deposits 25,441 23,412 27,196 23,845 Other deposits 18,296 19,269 Deferred compensation plan assets 5,068 4,806 Deferred tax asset-net 27,331 27,112 Restricted cash 1,668 377 Shop-in-shop 8,384 8,331 8,864 8,606 Tax receivable 478 478 Forward contracts 594 147 Investments 500 500 Other 3,086 4,612 Total other assets 90,846 31,743 93,361 32,451 Total intangible and other assets $ 221,560 $ 91,175 $ 232,722 $ 85,080 Total intangible and other assets-net $ 130,385 $ 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 $2.9 million and $3.0 million for the Third Quarter and Prior Year Quarter, respectively, and $8.9 million and $10.4 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) $ 2,930 2019 $ 11,480 2020 $ 10,950 2021 $ 7,118 2022 $ 6,254 2023 $ 66

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 29, 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	9 Months Ended
	Sep. 29, 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) 5.0 to 1.0 for the period ended September 29, 2018, (ii) 4.25 to 1.0 for the period ending December 29, 2018, (iii) 3.75 to 1.0 for each fiscal quarter ending during the period from December 30, 2018 through September 28, 2019, and (iv) 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 Facility during the Third Quarter and net borrowings of $400.0 million under the Term Loan Facility during the Year To Date Period. The Company had no borrowings or payments under the Revolving Credit Facility during the Third 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 September 29, 2018 , the Company had available borrowing capacity of $283.8 million under the Revolving Credit Facility. The Company incurred approximately $9.1 million and $24.2 million of interest expense related to the Term Loan Facility during the Third Quarter and Year To Date Period, respectively. The Company did not incur interest expense related to the Revolving Credit Facility during the Third Quarter and incurred $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 $1.0 million and $2.8 million of interest expense related to the amortization of debt issuance costs during the Third Quarter and Year To Date Period, respectively.

RESTRUCTURING

RESTRUCTURING	9 Months Ended
	Sep. 29, 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 $41.9 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 September 29, 2018 Liabilities Liabilities June 30, 2018 Charges Cash Payments Non-cash Items September 29, 2018 Store closures $ 5,415 $ 665 $ 810 $ 7 $ 5,263 Professional services 1,518 4,133 3,650 — 2,001 Severance and employee-related benefits 2,836 1,277 1,271 — 2,842 Total $ 9,769 $ 6,075 $ 5,731 $ 7 $ 10,106 For the 13 Weeks Ended September 30, 2017 Liabilities Liabilities July 1, 2017 Charges Cash Payments Non-cash Items September 30, 2017 Store closures $ 4,893 $ 2,482 $ 4,237 $ 2,320 $ 818 Professional services and other 116 765 48 291 542 Severance and employee-related benefits 1,535 2,522 2,467 — 1,590 Total $ 6,544 $ 5,769 $ 6,752 $ 2,611 $ 2,950 For the 39 Weeks Ended September 29, 2018 Liabilities Liabilities December 30, 2017 Charges Cash Payments Non-cash Items September 29, 2018 Store closures $ 2,973 $ 15,655 $ 11,413 $ 1,952 $ 5,263 Professional services 185 9,410 7,594 — 2,001 Severance and employee-related benefits 1,317 16,877 9,894 5,458 2,842 Total $ 4,475 $ 41,942 $ 28,901 $ 7,410 $ 10,106 For the 39 Weeks Ended September 30, 2017 Liabilities Liabilities December 31, 2016 Charges Cash Payments Non-cash Items September 30, 2017 Store closures $ 4,546 $ 8,223 $ 6,415 $ 5,536 $ 818 Professional services and other 794 2,195 2,156 291 542 Severance and employee-related benefits — 31,400 28,606 1,204 1,590 Total $ 5,340 $ 41,818 $ 37,177 $ 7,031 $ 2,950 Restructuring charges by operating segment were as follows (in thousands): For the 13 Weeks Ended September 29, 2018 For the 13 Weeks Ended September 30, 2017 For the 39 Weeks Ended September 29, 2018 For the 39 Weeks Ended September 30, 2017 Americas $ 444 $ 2,771 $ 16,981 $ 10,567 Europe 1,761 1,445 7,479 9,127 Asia 382 1,144 1,714 9,283 Corporate 3,488 409 15,768 12,841 Consolidated $ 6,075 $ 5,769 $ 41,942 $ 41,818

FINANCIAL STATEMENT POLICIES (P

FINANCIAL STATEMENT POLICIES (Policies)	9 Months Ended
	Sep. 29, 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 September 29, 2018 , and the results of operations for the thirteen-week periods ended September 29, 2018 (“ Third Quarter”) and September 30, 2017 (“Prior Year Quarter”), respectively, and the 39 week periods ended September 29, 2018 (“Year To Date Period”) and September 30, 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 Third 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 "). 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 September 29, 2018 , the result would have been a net gain of approximately $6.2 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). 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 August 2018, the Securities and Exchange Commission ("SEC") adopted the final rule under SEC Release No. 33-10532, Disclosure Update and Simplification, amending certain disclosure requirements that were redundant, duplicative, overlapping, outdated or superseded. In addition, the amendments expanded the disclosure requirements on the analysis of stockholders' equity for interim financial statements. Under the amendments, an analysis of changes in each caption of stockholders' equity presented in the balance sheet must be provided in a note or separate statement. The analysis should present a reconciliation of the beginning balance to the ending balance of each period for which a statement of comprehensive income is required to be filed. This final rule is effective on November 5, 2018. The Company is in the process of evaluating the impact of the final rule on its consolidated financial statements and the Company plans to include the additional interim disclosures for the first interim period in fiscal year 2019. In August 2018, the Financial Accounting Standards Board ("FASB") issued ASU 2018-15, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40) ("ASU 2018-15"). ASU 2018-15 aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The guidance is effective for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. 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 2018, the FASB issued ASU 2018-14, Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715-20): Disclosure Framework-Changes to the Disclosure Requirements for Defined Benefit Plans ("ASU 2018-14") . ASU 2018-14 removes certain disclosures that are not considered cost beneficial, clarifies certain required disclosures and adds additional disclosures. The guidance is effective for fiscal years ending after December 15, 2020. 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 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement ("ASU 2018-13"). ASU 2018-13 eliminates certain disclosure requirements related to the fair value hierarchy, adds new disclosure requirements related to the changes in unrealized gains and losses for recurring Level 3 fair value measurements and disclosing the range and weighted average of significant observable inputs used to develop Level 3 fair value measurements and modifies certain disclosure requirements related to measurement uncertainty for fair value measurements. The guidance is effective for annual reporting periods and interim periods within those annual periods beginning after December 15, 2019. The Company does not expect this standard to have a material impact on the Company's consolidated results of operations or financial position. In February 2018, the 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 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 does not expect this standard to have a material impact on the Company's consolidated results of operations or financial position. 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 has substantially completed evaluating its population of leases and is in the process of implementing a new lease accounting system to capture, track and account for lease data. The Company is also in the process of identifying changes to its business processes and controls to support adoption of the new standard. The Company plans to adopt the standard using the optional transition method presented in ASU 2018-11 and expects the standard to result in a significant increase to the Company's condensed consolidated balance sheets for lease liabilities and right-of-use assets. 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 September 29, 2018 and September 30, 2017 that are presented in the condensed consolidated statement of cash flows (in thousands): September 29, 2018 September 30, 2017 December 30, 2017 Cash and cash equivalents $ 236,103 $ 166,922 $ 231,244 Restricted cash included in prepaid expenses and other current assets 31 34 34 Restricted cash included in intangible and other assets-net 1,668 373 377 Cash, cash equivalents and restricted cash $ 237,802 $ 167,329 $ 231,655 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’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. 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. Practical Expedients and Contract Balances. As of September 29, 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 $5.9 million and $4.6 million as of September 29, 2018 and December 30, 2017 , respectively, primarily related to remaining performance obligations on wearable technology products. Additionally, the Company had contract liabilities of $3.7 million and $7.2 million as of September 29, 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.
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)	9 Months Ended
	Sep. 29, 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 September 29, 2018 For the 13 Weeks Ended September 30, 2017 For the 39 Weeks Ended September 29, 2018 For the 39 Weeks Ended September 30, 2017 Numerator: Net income (loss) attributable to Fossil Group, Inc. $ 5,006 $ (5,399 ) $ (51,067 ) $ (398,298 ) Denominator: Basic EPS computation: Basic weighted average common shares outstanding 49,381 48,521 49,107 48,439 Basic EPS $ 0.10 $ (0.11 ) $ (1.04 ) $ (8.22 ) Diluted EPS computation: Basic weighted average common shares outstanding 49,381 48,521 49,107 48,439 Effect of stock options, stock appreciation rights, restricted stock units and performance restricted stock units 1,278 — — — Diluted weighted average common shares outstanding 50,659 48,521 49,107 48,439 Diluted EPS $ 0.10 $ (0.11 ) $ (1.04 ) $ (8.22 )
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 September 29, 2018 and September 30, 2017 that are presented in the condensed consolidated statement of cash flows (in thousands): September 29, 2018 September 30, 2017 December 30, 2017 Cash and cash equivalents $ 236,103 $ 166,922 $ 231,244 Restricted cash included in prepaid expenses and other current assets 31 34 34 Restricted cash included in intangible and other assets-net 1,668 373 377 Cash, cash equivalents and restricted cash $ 237,802 $ 167,329 $ 231,655

REVENUE (Tables)

REVENUE (Tables)	9 Months Ended
	Sep. 29, 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 September 29, 2018 and the Company's condensed consolidated statements of income (loss) and comprehensive income (loss) for the Third Quarter and Year To Date Period (in thousands): September 29, 2018 As Reported Without Adoption of ASU 2014-09 Impact of Adoption of ASU 2014-09 Assets Accounts receivable $ 261,678 $ 240,178 $ 21,500 Inventories 521,311 538,810 (17,499 ) Prepaid expenses and other current assets 129,410 112,332 17,078 Liabilities Customer liabilities $ 52,111 $ 14,850 $ 37,261 For the 13 Weeks Ended September 29, 2018 As Reported Without Adoption of ASU 2014-09 Impact of Adoption of ASU 2014-09 Net sales $ 608,827 $ 614,357 $ (5,530 ) Cost of sales 282,295 281,990 305 For the 39 Weeks Ended September 29, 2018 As Reported Without Adoption of ASU 2014-09 Impact of Adoption of ASU 2014-09 Net sales $ 1,754,566 $ 1,750,513 $ 4,053 Cost of sales 831,333 830,912 421 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) attributable to Fossil Group, Inc. (51,067 ) Markdowns adjustment, net of taxes (27,325 ) Sales adjustment, net of taxes 783 Balance at September 29, 2018 $ 332,044
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 September 29, 2018 Americas Europe Asia Total Product type Watches $ 213,365 $ 157,877 $ 115,296 $ 486,538 Leathers 38,645 15,452 11,939 66,036 Jewelry 11,495 28,495 1,810 41,800 Other 5,559 5,709 3,185 14,453 Consolidated $ 269,064 $ 207,533 $ 132,230 $ 608,827 Timing of revenue recognition Revenue recognized at a point in time $ 268,485 $ 207,247 $ 132,098 $ 607,830 Revenue recognized over time 579 286 132 997 Consolidated $ 269,064 $ 207,533 $ 132,230 $ 608,827 For the 39 Weeks Ended September 29, 2018 Americas Europe Asia Total Product type Watches $ 630,678 $ 445,433 $ 321,032 $ 1,397,143 Leathers 119,732 46,405 37,078 203,215 Jewelry 33,973 78,152 4,584 116,709 Other 13,013 15,698 8,788 37,499 Consolidated $ 797,396 $ 585,688 $ 371,482 $ 1,754,566 Timing of revenue recognition Revenue recognized at a point in time $ 795,824 $ 584,930 $ 371,126 $ 1,751,880 Revenue recognized over time 1,572 758 356 2,686 Consolidated $ 797,396 $ 585,688 $ 371,482 $ 1,754,566

INVENTORIES (Tables)

INVENTORIES (Tables)	9 Months Ended
	Sep. 29, 2018
Inventory Disclosure [Abstract]
Schedule of inventories	Inventories consisted of the following (in thousands): September 29, 2018 December 30, 2017 Components and parts $ 32,014 $ 52,837 Work-in-process 5,924 15,983 Finished goods 483,373 504,968 Inventories $ 521,311 $ 573,788

WARRANTY LIABILITIES (Tables)

WARRANTY LIABILITIES (Tables)	9 Months Ended
	Sep. 29, 2018
Product Warranties Disclosures [Abstract]
Schedule of warranty liability activity	Warranty liability activity consisted of the following (in thousands): For the 39 Weeks Ended September 29, 2018 For the 39 Weeks Ended September 30, 2017 Beginning balance $ 19,405 $ 15,421 Settlements in cash or kind (11,963 ) (11,608 ) Warranties issued and adjustments to preexisting warranties (1) 13,837 14,984 Ending balance $ 21,279 $ 18,797 _______________________________________________ (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)	9 Months Ended
	Sep. 29, 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 September 29, 2018 For the 13 Weeks Ended September 30, 2017 For the 39 Weeks Ended September 29, 2018 For the 39 Weeks Ended September 30, 2017 Income tax (benefit) expense $ 3,937 $ (3,230 ) $ 7,209 $ (100,746 ) Effective tax rate 39.9 % 37.1 % (17.3 )% 20.3 %

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	9 Months Ended
	Sep. 29, 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 interests (in thousands): Fossil Group, Inc. Stockholders’ Equity Noncontrolling Interests Total Stockholders’ Equity Balance at December 30, 2017 $ 576,133 $ 4,814 $ 580,947 Net income (loss) (51,067 ) 2,247 (48,820 ) 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 (8,136 ) — (8,136 ) Cash flow hedges - net change 15,897 — 15,897 Distribution of noncontrolling interest earnings and other 109 (4,265 ) (4,156 ) Stock options exercised 186 — 186 Net settlement of restricted grants, restricted stock units, and preferred stock units to satisfy employee tax withholding upon vesting (2,493 ) — (2,493 ) Stock-based compensation expense 22,698 — 22,698 Balance at September 29, 2018 $ 526,785 $ 2,796 $ 529,581 Fossil Group, Inc. Stockholders’ Equity Noncontrolling Interests Total Stockholders’ Equity Balance at December 31, 2016 $ 1,006,236 $ 9,202 $ 1,015,438 Net income (loss) (398,298 ) 2,931 (395,367 ) Currency translation adjustment 32,078 — 32,078 Cash flow hedges - net change (21,364 ) — (21,364 ) Distribution of noncontrolling interest earnings — (428 ) (428 ) Net settlement of restricted grants, restricted stock units, and preferred stock units to satisfy employee tax withholding upon vesting (947 ) — (947 ) Stock-based compensation expense 23,588 — 23,588 Balance at September 30, 2017 $ 641,293 $ 11,705 $ 652,998

EMPLOYEE BENEFIT PLANS (Tables)

EMPLOYEE BENEFIT PLANS (Tables)	9 Months Ended
	Sep. 29, 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 Third 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 June 30, 2018 2,003 $ 50.44 1.8 $ 307 Granted — — Exercised — — — Forfeited or expired (57 ) 86.66 Outstanding at September 29, 2018 1,946 49.37 1.7 212 Exercisable at September 29, 2018 1,377 $ 54.25 1.7 $ 212
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 September 29, 2018 : Cash Stock Appreciation Rights Outstanding Cash Stock Appreciation Rights Exercisable Number of Weighted- Weighted- Number of Weighted- Average Exercise Price (in Thousands) (in Years) (in Thousands) 61 $ 36.73 0.5 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 0.4 22 $ 14.41 $36.73 - $70.12 40 38.40 1.4 40 38.40 $80.22 - $127.84 189 108.14 2.8 189 108.14 $128.29 - $131.46 6 130.80 3.4 6 130.80 Total 257 $ 89.71 2.4 257 $ 89.71 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 5.8 32 $ 29.49 $36.73 - $70.12 1,419 38.11 1.1 889 38.26 $80.22 - $127.84 156 93.85 3.6 156 93.85 $128.29 - $131.46 5 128.29 0.8 5 128.29 Total 1,628 $ 43.49 1.5 1,082 $ 46.45
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 Third Quarter: Restricted Stock Units and Performance Restricted Stock Units Number of Shares Weighted-Average Grant Date Fair Value Per Share (in Thousands) Nonvested at June 30, 2018 3,266 $ 18.13 Granted 20 25.61 Vested (76 ) 14.07 Forfeited (51 ) 13.71 Nonvested at September 29, 2018 3,159 $ 18.35

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	9 Months Ended
	Sep. 29, 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 September 29, 2018 Currency Translation Adjustments Cash Flow Hedges Forward Contracts Pension Plan Total Beginning balance $ (71,255 ) $ 3,095 $ (1,672 ) $ (69,832 ) Other comprehensive income (loss) before reclassifications (1,380 ) 2,885 — 1,505 Tax (expense) benefit — 212 — 212 Amounts reclassed from accumulated other comprehensive income (loss) — (33 ) — (33 ) Tax (expense) benefit — 426 — 426 Total other comprehensive income (loss) (1,380 ) 2,704 — 1,324 Ending balance $ (72,635 ) $ 5,799 $ (1,672 ) $ (68,508 ) For the 13 Weeks Ended September 30, 2017 Currency Translation Adjustments Cash Flow Hedges Forward Contracts Interest Rate Swaps Pension Plan Total Beginning balance $ (75,011 ) $ (1,284 ) $ 41 $ (3,907 ) $ (80,161 ) Other comprehensive income (loss) before reclassifications 5,222 (16,776 ) 5 — (11,549 ) Tax (expense) benefit — 2,853 (2 ) — 2,851 Amounts reclassed from accumulated other comprehensive income (loss) — (4,940 ) (25 ) — (4,965 ) Tax (expense) benefit — 807 9 — 816 Total other comprehensive income (loss) 5,222 (9,790 ) 19 — (4,549 ) Ending balance $ (69,789 ) $ (11,074 ) $ 60 $ (3,907 ) $ (84,710 ) For the 39 Weeks Ended September 29, 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 (8,136 ) 10,116 — 1,980 Tax (expense) benefit — 490 — 490 Amounts reclassed from accumulated other comprehensive income (loss) — (6,979 ) — (6,979 ) Tax (expense) benefit — 1,688 — 1,688 Total other comprehensive income (loss) (8,136 ) 15,897 — 7,761 Ending balance $ (72,635 ) $ 5,799 $ (1,672 ) $ (68,508 ) For the 39 Weeks Ended September 30, 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 32,078 (33,243 ) 230 — (935 ) Tax (expense) benefit — 11,512 (84 ) — 11,428 Amounts reclassed from accumulated other comprehensive income (loss) — 1,981 (404 ) — 1,577 Tax (expense) benefit — (1,945 ) 147 — (1,798 ) Total other comprehensive income (loss) 32,078 (21,767 ) 403 — 10,714 Ending balance $ (69,789 ) $ (11,074 ) $ 60 $ (3,907 ) $ (84,710 )

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 29, 2018
Segment Reporting [Abstract]
Summary information by operating segment	Summary information by operating segment was as follows (in thousands): For the 13 Weeks Ended September 29, 2018 For the 13 Weeks Ended September 30, 2017 Net Sales Operating Income (Loss) Net Sales Operating Income (Loss) Americas $ 269,064 $ 36,061 $ 308,102 $ 18,843 Europe 207,533 34,131 247,184 39,332 Asia 132,230 31,979 133,436 21,999 Corporate — (79,518 ) — (80,673 ) Consolidated $ 608,827 $ 22,653 $ 688,722 $ (499 ) For the 39 Weeks Ended September 29, 2018 For the 39 Weeks Ended September 30, 2017 Net Sales Operating Income (Loss) Net Sales Operating Income (Loss) Americas $ 797,396 $ 103,298 $ 874,449 $ (121,976 ) Europe 585,688 76,490 637,566 (33,859 ) Asia 371,482 65,921 355,343 (2,702 ) Corporate — (250,324 ) — (316,981 ) Consolidated $ 1,754,566 $ (4,615 ) $ 1,867,358 $ (475,518 )
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 September 29, 2018 For the 13 Weeks Ended September 30, 2017 Net Sales Percentage of Total Net Sales Percentage of Total Watches $ 486,538 79.9 % $ 551,913 80.1 % Leathers 66,036 10.8 75,660 11.0 Jewelry 41,800 6.9 47,729 6.9 Other 14,453 2.4 13,420 2.0 Total $ 608,827 100.0 % $ 688,722 100.0 % For the 39 Weeks Ended September 29, 2018 For the 39 Weeks Ended September 30, 2017 Net Sales Percentage of Total Net Sales Percentage of Total Watches $ 1,397,143 79.6 % $ 1,471,144 78.8 % Leathers 203,215 11.6 217,946 11.7 Jewelry 116,709 6.7 139,900 7.5 Other 37,499 2.1 38,368 2.0 Total $ 1,754,566 100.0 % $ 1,867,358 100.0 %

DERIVATIVES AND RISK MANAGEME_2

DERIVATIVES AND RISK MANAGEMENT (Tables)	9 Months Ended
	Sep. 29, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of outstanding forward contracts	As of September 29, 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 164.8 U.S. dollar 197.6 Canadian dollar 61.3 U.S. dollar 47.8 British pound 25.5 U.S. dollar 34.0 Japanese yen 2,406.2 U.S. dollar 22.2 Mexican peso 343.1 U.S. dollar 17.5 Australian dollar 13.8 U.S. dollar 10.1 U.S. dollar 22.6 Japanese yen 2,455.0
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 Third Quarter, Prior Year Quarter, Year To Date Period and Prior Year YTD Period are set forth below (in thousands): For the 13 Weeks Ended September 29, 2018 For the 13 Weeks Ended September 30, 2017 Cash flow hedges: Forward contracts $ 3,097 $ (13,923 ) Interest rate swaps — 3 Total gain (loss) recognized in other comprehensive income (loss), net of taxes $ 3,097 $ (13,920 ) For the 39 Weeks Ended September 29, 2018 For the 39 Weeks Ended September 30, 2017 Cash flow hedges: Forward contracts $ 10,606 $ (21,731 ) Interest rate swaps — 146 Total gain (loss) recognized in other comprehensive income (loss), net of taxes $ 10,606 $ (21,585 )
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 Third 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 September 29, 2018 For the 13 Weeks Ended September 30, 2017 Forward contracts designated as cash flow hedging instruments Other income (expense)-net Total gain (loss) reclassified from accumulated other comprehensive income (loss) $ 393 $ (4,133 ) Forward contracts not designated as hedging instruments Other income (expense)-net Total gain (loss) recognized in income $ (11 ) $ (12 ) Interest rate swap designated as a cash flow hedging instrument Interest expense Total gain (loss) reclassified from accumulated other comprehensive income (loss) $ — $ (16 ) Derivative Instruments Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) Location Effect of Derivative Instruments For the 39 Weeks Ended September 29, 2018 For the 39 Weeks Ended September 30, 2017 Forward contracts designated as cash flow hedging instruments Other income (expense)-net Total gain (loss) reclassified from other comprehensive income (loss) $ (5,291 ) $ 36 Forward contracts not designated as hedging instruments Other income (expense)-net Total gain (loss) recognized in income $ (113 ) $ 170 Interest rate swap designated as a cash flow hedging instrument Interest expense Total gain (loss) reclassified from other comprehensive income (loss) $ — $ (257 ) 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 September 29, 2018 December 30, 2017 September 29, 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 $ 5,826 Prepaid expenses and other current assets $ 2,291 Accrued expenses- other $ 3,012 Accrued expenses- other $ 14,798 Forward contracts not designated as cash flow hedging instruments Prepaid expenses and other current assets 1 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 594 Intangible and other assets-net 147 Other long-term liabilities 80 Other long-term liabilities 2,725 Total $ 6,421 $ 2,633 $ 3,092 $ 17,885

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 29, 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 September 29, 2018 (in thousands): Fair Value at September 29, 2018 Level 1 Level 2 Level 3 Total Assets: Forward contracts $ — $ 6,421 $ — $ 6,421 Deferred compensation plan assets: Investment in publicly traded mutual funds 5,068 — — 5,068 Total $ 5,068 $ 6,421 $ — $ 11,489 Liabilities: Contingent consideration $ — $ — $ 4,309 $ 4,309 Forward contracts — 3,092 — 3,092 Total $ — $ 3,092 $ 4,309 $ 7,401 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)	9 Months Ended
	Sep. 29, 2018
INTANGIBLE AND OTHER ASSETS
Schedule of intangible and other assets-net	The following table summarizes intangible and other assets (in thousands): September 29, 2018 December 30, 2017 Useful Gross Accumulated Gross Accumulated Lives Amount Amortization Amount Amortization Intangibles-subject to amortization: Trademarks 10 yrs. $ 4,310 $ 3,819 $ 4,310 $ 3,676 Customer lists 5-10 yrs. 52,916 36,717 55,164 34,023 Patents 3-20 yrs. 2,325 2,156 2,325 2,132 Noncompete agreement 3-6 yrs. 2,370 2,312 2,553 2,243 Developed technology 7 yrs. 36,100 14,182 36,100 10,314 Other 7-20 yrs. 263 246 266 241 Total intangibles-subject to amortization 98,284 59,432 100,718 52,629 Intangibles-not subject to amortization: Trade names 32,430 38,643 Other assets: Key money deposits 25,441 23,412 27,196 23,845 Other deposits 18,296 19,269 Deferred compensation plan assets 5,068 4,806 Deferred tax asset-net 27,331 27,112 Restricted cash 1,668 377 Shop-in-shop 8,384 8,331 8,864 8,606 Tax receivable 478 478 Forward contracts 594 147 Investments 500 500 Other 3,086 4,612 Total other assets 90,846 31,743 93,361 32,451 Total intangible and other assets $ 221,560 $ 91,175 $ 232,722 $ 85,080 Total intangible and other assets-net $ 130,385 $ 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) $ 2,930 2019 $ 11,480 2020 $ 10,950 2021 $ 7,118 2022 $ 6,254 2023 $ 66

RESTRUCTURING (Tables)

RESTRUCTURING (Tables)	9 Months Ended
	Sep. 29, 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 September 29, 2018 Liabilities Liabilities June 30, 2018 Charges Cash Payments Non-cash Items September 29, 2018 Store closures $ 5,415 $ 665 $ 810 $ 7 $ 5,263 Professional services 1,518 4,133 3,650 — 2,001 Severance and employee-related benefits 2,836 1,277 1,271 — 2,842 Total $ 9,769 $ 6,075 $ 5,731 $ 7 $ 10,106 For the 13 Weeks Ended September 30, 2017 Liabilities Liabilities July 1, 2017 Charges Cash Payments Non-cash Items September 30, 2017 Store closures $ 4,893 $ 2,482 $ 4,237 $ 2,320 $ 818 Professional services and other 116 765 48 291 542 Severance and employee-related benefits 1,535 2,522 2,467 — 1,590 Total $ 6,544 $ 5,769 $ 6,752 $ 2,611 $ 2,950 For the 39 Weeks Ended September 29, 2018 Liabilities Liabilities December 30, 2017 Charges Cash Payments Non-cash Items September 29, 2018 Store closures $ 2,973 $ 15,655 $ 11,413 $ 1,952 $ 5,263 Professional services 185 9,410 7,594 — 2,001 Severance and employee-related benefits 1,317 16,877 9,894 5,458 2,842 Total $ 4,475 $ 41,942 $ 28,901 $ 7,410 $ 10,106 For the 39 Weeks Ended September 30, 2017 Liabilities Liabilities December 31, 2016 Charges Cash Payments Non-cash Items September 30, 2017 Store closures $ 4,546 $ 8,223 $ 6,415 $ 5,536 $ 818 Professional services and other 794 2,195 2,156 291 542 Severance and employee-related benefits — 31,400 28,606 1,204 1,590 Total $ 5,340 $ 41,818 $ 37,177 $ 7,031 $ 2,950
Schedule of restructuring charges by operating segment	Restructuring charges by operating segment were as follows (in thousands): For the 13 Weeks Ended September 29, 2018 For the 13 Weeks Ended September 30, 2017 For the 39 Weeks Ended September 29, 2018 For the 39 Weeks Ended September 30, 2017 Americas $ 444 $ 2,771 $ 16,981 $ 10,567 Europe 1,761 1,445 7,479 9,127 Asia 382 1,144 1,714 9,283 Corporate 3,488 409 15,768 12,841 Consolidated $ 6,075 $ 5,769 $ 41,942 $ 41,818

FINANCIAL STATEMENT POLICIES (H

FINANCIAL STATEMENT POLICIES (Hedging Instruments) (Details) $ in Millions	9 Months Ended
	Sep. 29, 2018USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net gain of forward contracts	$ 6.2

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 charges - goodwill		$ 202.3
Europe
Indefinite-lived Intangible Assets [Line Items]
Impairment charges - goodwill		114.3
Asia
Indefinite-lived Intangible Assets [Line Items]
Impairment charges - goodwill		42.9
SKAGEN
Indefinite-lived Intangible Assets [Line Items]
Carrying amount of trade name	$ 27.3
Implied fair value	21.1
Impairment charges - intangible assets	$ 6.2	28.3
MISFIT
Indefinite-lived Intangible Assets [Line Items]
Impairment charges - intangible assets		11.8
MICHELE
Indefinite-lived Intangible Assets [Line Items]
Impairment charges - intangible assets		$ 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		9 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Weighted Average Number Diluted Shares Outstanding Adjustment	1,278	0	0	0
Numerator:
Net income (loss) attributable to Fossil Group, Inc.	$ 5,006	$ (5,399)	$ (51,067)	$ (398,298)
Denominator:
Basic weighted average common shares outstanding (in shares)	49,381	48,521	49,107	48,439
Basic EPS (in dollars per share)	$ 0.10	$ (0.11)	$ (1.04)	$ (8.22)
Diluted EPS computation:
Basic weighted average common shares outstanding (in shares)	49,381	48,521	49,107	48,439
Weighted Average Number Diluted Shares Outstanding Adjustment	1,278	0	0	0
Diluted weighted average common shares outstanding (in shares)	50,659	48,521	49,107	48,439
Diluted EPS (in dollars per share)	$ 0.10	$ (0.11)	$ (1.04)	$ (8.22)
Performance Shares
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Weighted Average Number Diluted Shares Outstanding Adjustment	500
Diluted EPS computation:
Weighted Average Number Diluted Shares Outstanding Adjustment	500
Stock Compensation Plan
Other EPS Disclosures
Weighted shares issuable under stock-based awards not included in the diluted EPS calculation (in shares)	1,900	5,100	5,100	4,400
Performance Shares
Other EPS Disclosures
Weighted shares issuable under stock-based awards not included in the diluted EPS calculation (in shares)	700	1,200	1,200

FINANCIAL STATEMENT POLICIES (S

FINANCIAL STATEMENT POLICIES (Schedule Of Cash And Restricted Cash Equivalents) (Details) - USD ($) $ in Thousands	Sep. 29, 2018	Dec. 30, 2017	Sep. 30, 2017	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 236,103	$ 231,244	$ 166,922
Restricted cash included in prepaid expenses and other current assets	31	34	34
Restricted cash included in intangible and other assets-net	1,668	377	373
Cash, cash equivalents and restricted cash	$ 237,802	$ 231,655	$ 167,329	$ 297,862

REVENUE (Summary Of Impact On F

REVENUE (Summary Of Impact On Financial Statements) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017	Dec. 30, 2017
Assets
Accounts receivable	$ 261,678		$ 261,678		$ 367,013
Inventories	521,311		521,311		573,788
Prepaid expenses and other current assets	129,410		129,410		118,943
Liabilities:
Customer liabilities	52,111		52,111		$ 27,946
Net sales	608,827	$ 688,722	1,754,566	$ 1,867,358
Cost of sales	282,295	$ 368,829	831,333	$ 956,600
Without Adoption of ASU 2014-09
Assets
Accounts receivable	240,178		240,178
Inventories	538,810		538,810
Prepaid expenses and other current assets	112,332		112,332
Liabilities:
Customer liabilities	14,850		14,850
Net sales	614,357		1,750,513
Cost of sales	281,990		830,912
Impact of Adoption of ASU 2014-09 | Accounting Standards Update 2014-09
Assets
Accounts receivable	21,500		21,500
Inventories	(17,499)		(17,499)
Prepaid expenses and other current assets	17,078		17,078
Liabilities:
Customer liabilities	37,261		37,261
Net sales	(5,530)		4,053
Cost of sales	$ 305		$ 421

REVENUE (Schedule Of Retained E

REVENUE (Schedule Of Retained Earnings Adjustments) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Balance			$ 409,653
Net income (loss) attributable to Fossil Group, Inc.	$ 5,006	$ (5,399)	(51,067)	$ (398,298)
Balance	$ 332,044		332,044
Difference between Revenue Guidance in Effect before and after Topic 606 | Markdowns adjustment, net of taxes
Increase (Decrease) in Stockholders' Equity [Roll Forward]
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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative effect on retained earnings, net of tax			$ 783

REVENUE (Narrative) (Details)

REVENUE (Narrative) (Details) - USD ($)	9 Months Ended
	Sep. 29, 2018	Dec. 30, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract assets	$ 0
Deferred contract costs	0
Contract liabilities	$ 5,900,000	$ 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	$ 3,700,000	$ 7,200,000

REVENUE (Disaggregation Of Reve

REVENUE (Disaggregation Of Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Disaggregation of Revenue [Line Items]
Net sales	$ 608,827	$ 688,722	$ 1,754,566	$ 1,867,358
Americas
Disaggregation of Revenue [Line Items]
Net sales	269,064		797,396
Europe
Disaggregation of Revenue [Line Items]
Net sales	207,533		585,688
Asia
Disaggregation of Revenue [Line Items]
Net sales	132,230		371,482
Watches
Disaggregation of Revenue [Line Items]
Net sales	486,538	551,913	1,397,143	1,471,144
Watches | Americas
Disaggregation of Revenue [Line Items]
Net sales	213,365		630,678
Watches | Europe
Disaggregation of Revenue [Line Items]
Net sales	157,877		445,433
Watches | Asia
Disaggregation of Revenue [Line Items]
Net sales	115,296		321,032
Leathers
Disaggregation of Revenue [Line Items]
Net sales	66,036	75,660	203,215	217,946
Leathers | Americas
Disaggregation of Revenue [Line Items]
Net sales	38,645		119,732
Leathers | Europe
Disaggregation of Revenue [Line Items]
Net sales	15,452		46,405
Leathers | Asia
Disaggregation of Revenue [Line Items]
Net sales	11,939		37,078
Jewelry
Disaggregation of Revenue [Line Items]
Net sales	41,800	47,729	116,709	139,900
Jewelry | Americas
Disaggregation of Revenue [Line Items]
Net sales	11,495		33,973
Jewelry | Europe
Disaggregation of Revenue [Line Items]
Net sales	28,495		78,152
Jewelry | Asia
Disaggregation of Revenue [Line Items]
Net sales	1,810		4,584
Other
Disaggregation of Revenue [Line Items]
Net sales	14,453	$ 13,420	37,499	$ 38,368
Other | Americas
Disaggregation of Revenue [Line Items]
Net sales	5,559		13,013
Other | Europe
Disaggregation of Revenue [Line Items]
Net sales	5,709		15,698
Other | Asia
Disaggregation of Revenue [Line Items]
Net sales	3,185		8,788
Revenue recognized at a point in time
Disaggregation of Revenue [Line Items]
Net sales	607,830		1,751,880
Revenue recognized at a point in time | Americas
Disaggregation of Revenue [Line Items]
Net sales	268,485		795,824
Revenue recognized at a point in time | Europe
Disaggregation of Revenue [Line Items]
Net sales	207,247		584,930
Revenue recognized at a point in time | Asia
Disaggregation of Revenue [Line Items]
Net sales	132,098		371,126
Revenue recognized over time
Disaggregation of Revenue [Line Items]
Net sales	997		2,686
Revenue recognized over time | Americas
Disaggregation of Revenue [Line Items]
Net sales	579		1,572
Revenue recognized over time | Europe
Disaggregation of Revenue [Line Items]
Net sales	286		758
Revenue recognized over time | Asia
Disaggregation of Revenue [Line Items]
Net sales	$ 132		$ 356

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Sep. 29, 2018	Dec. 30, 2017
Inventory Disclosure [Abstract]
Components and parts	$ 32,014	$ 52,837
Work-in-process	5,924	15,983
Finished goods	483,373	504,968
Inventories	$ 521,311	$ 573,788

WARRANTY LIABILITIES (Details)

WARRANTY LIABILITIES (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Warranty liability activity [Roll Forward]
Beginning balance	$ 19,405	$ 15,421
Settlements in cash or kind	(11,963)	(11,608)
Warranties issued and adjustments to preexisting warranties	13,837	14,984
Ending balance	$ 21,279	$ 18,797

INCOME TAXES (Schedule of Incom

INCOME TAXES (Schedule of Income Tax Expense and Related Effective Rate) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income tax (benefit) expense	$ 3,937	$ (3,230)	$ 7,209	$ (100,746)
Effective tax rate	39.90%	37.10%	(17.30%)	20.30%

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 29, 2018USD ($)	Sep. 29, 2018USD ($)
Income Tax Disclosure [Abstract]
Unrecognized tax benefits	$ 34.7	$ 34.7
Unrecognized tax benefits, excluding interest and penalties, that are expected to be settled within the next 12 months	11.7	11.7
Accrued income-tax related interest and penalties	3.8	3.8
Accrued income tax penalties	1	1
Income-tax related interest expense	$ 0.5	$ 1

STOCKHOLDERS' EQUITY (Narrative

STOCKHOLDERS' EQUITY (Narrative) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 29, 2018	Sep. 30, 2017
Stockholders' Equity Note [Abstract]
Authorizations remaining	$ 824,200
Payments to noncontrolling interests	1,678	$ 0
Present value of purchase price	4,300
Variable consideration in accrued expenses	1,700
Variable consideration in other long-term liabilities	$ 2,600

STOCKHOLDERS' EQUITY (Controlli

STOCKHOLDERS' EQUITY (Controlling and Noncontrolling Interests) (Details) - USD ($) $ in Thousands	Jan. 01, 2018	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Stockholders' Equity Attributable to Controlling and Noncontrolling Interest [Roll Forward]
Beginning balance				$ 580,947	$ 1,015,438
Tax effects	$ 1,100
Net Income (loss)		$ 5,922	$ (5,479)	(48,820)	(395,367)
Cumulative effect on retained earnings, tax	(26,542)
Currency translation adjustment				(8,136)	32,078
Cash flow hedges - net change		2,704	(9,771)	15,897	(21,364)
Distribution of noncontrolling interest earnings and other				(4,156)	(428)
Stock options exercised				186
Net settlement of restricted grants, restricted stock units, and preferred stock units to satisfy employee tax withholding upon vesting				(2,493)	(947)
Stock-based compensation expense				22,698	23,588
Ending balance		529,581	652,998	529,581	652,998
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)				(51,067)	(398,298)
Cumulative effect on retained earnings, tax	$ (26,542)
Currency translation adjustment				(8,136)	32,078
Cash flow hedges - net change				15,897	(21,364)
Distribution of noncontrolling interest earnings and other				109
Stock options exercised				186
Net settlement of restricted grants, restricted stock units, and preferred stock units to satisfy employee tax withholding upon vesting				(2,493)	(947)
Stock-based compensation expense				22,698	23,588
Ending balance		526,785	641,293	526,785	641,293
Noncontrolling Interests
Stockholders' Equity Attributable to Controlling and Noncontrolling Interest [Roll Forward]
Beginning balance				4,814	9,202
Net Income (loss)				2,247	2,931
Distribution of noncontrolling interest earnings and other				(4,265)	(428)
Ending balance		$ 2,796	$ 11,705	$ 2,796	$ 11,705

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	6 Months Ended
	Sep. 29, 2018	Jun. 30, 2018
Shares
Outstanding at beginning of period (in shares)	2,003
Granted (in shares)	0
Exercised (in shares)	0
Forfeited or expired (in shares)	(57)
Outstanding at end of period (in shares)	1,946	2,003
Exercisable at end of period (in shares)	1,377
Weighted- Average Exercise Price
Outstanding at beginning of period (in dollars per share)	$ 50.44
Granted (in dollars per share)	0
Exercised (in dollars per share)	0
Forfeited or expired (in dollars per share)	86.66
Outstanding at end of period (in dollars per share)	49.37	$ 50.44
Exercisable at end of period (in dollars per share)	$ 54.25
Weighted- Average Remaining Contractual Term
Outstanding	1 year 8 months 12 days	1 year 9 months 18 days
Exercisable at end of period	1 year 8 months 12 days
Aggregate Intrinsic Value
Aggregate intrinsic value outstanding	$ 212	$ 307
Exercised	0
Exercisable at end of period	$ 212

EMPLOYEE BENEFIT PLANS (Summa_2

EMPLOYEE BENEFIT PLANS (Summary of Stock Options and Stock Appreciation Rights Outstanding and Exercisable) (Details) shares in Thousands	9 Months Ended
	Sep. 29, 2018$ / sharesshares
Stock options
Stock-based compensation plans disclosures
Stock options outstanding, number of shares (in shares) | shares	257
Stock options outstanding, weighted- average exercise price (in dollars per share)	$ 89.71
Stock options outstanding, weighted- average remaining contractual term	2 years 4 months 24 days
Stock options exercisable, number of shares (in shares) | shares	257
Stock options exercisable, weighted- average exercise price (in dollars per share)	$ 89.71
Stock appreciation rights
Stock-based compensation plans disclosures
Equity instruments other than options outstanding, number of shares (in shares) | shares	1,628
Equity instruments other than options outstanding, weighted- average exercise price (in dollars per share)	$ 43.49
Equity instruments other than options outstanding, weighted- average remaining contractual term	1 year 6 months
Equity instruments other than options exercisable, number of shares (in shares) | shares	1,082
Equity instruments other than options exercisable, weighted- average exercise price (in dollars per share)	$ 46.45
$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	4 months 24 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	5 years 9 months 18 days
Equity instruments other than options exercisable, number of shares (in shares) | shares	32
Equity instruments other than options exercisable, weighted- average exercise price (in dollars per share)	$ 29.49
$36.73 - $70.12 | 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	6 months
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
$36.73 - $70.12 | Stock options
Stock-based compensation plans disclosures
Stock options outstanding, lower range (in dollars per share)	36.73
Stock options outstanding, upper range (in dollars per share)	$ 70.12
Stock options outstanding, number of shares (in shares) | shares	40
Stock options outstanding, weighted- average exercise price (in dollars per share)	$ 38.40
Stock options outstanding, weighted- average remaining contractual term	1 year 4 months 24 days
Stock options exercisable, number of shares (in shares) | shares	40
Stock options exercisable, weighted- average exercise price (in dollars per share)	$ 38.40
$36.73 - $70.12 | Stock appreciation rights
Stock-based compensation plans disclosures
Equity instruments other than options outstanding, lower range (in dollars per share)	36.73
Equity instruments other than options outstanding, upper range (in dollars per share)	$ 70.12
Equity instruments other than options outstanding, number of shares (in shares) | shares	1,419
Equity instruments other than options outstanding, weighted- average exercise price (in dollars per share)	$ 38.11
Equity instruments other than options outstanding, weighted- average remaining contractual term	1 year 1 month 6 days
Equity instruments other than options exercisable, number of shares (in shares) | shares	889
Equity instruments other than options exercisable, weighted- average exercise price (in dollars per share)	$ 38.26
$80.22 - $127.84 | Stock options
Stock-based compensation plans disclosures
Stock options outstanding, lower range (in dollars per share)	80.22
Stock options outstanding, upper range (in dollars per share)	$ 127.84
Stock options outstanding, number of shares (in shares) | shares	189
Stock options outstanding, weighted- average exercise price (in dollars per share)	$ 108.14
Stock options outstanding, weighted- average remaining contractual term	2 years 9 months 18 days
Stock options exercisable, number of shares (in shares) | shares	189
Stock options exercisable, weighted- average exercise price (in dollars per share)	$ 108.14
$80.22 - $127.84 | Stock appreciation rights
Stock-based compensation plans disclosures
Equity instruments other than options outstanding, lower range (in dollars per share)	80.22
Equity instruments other than options outstanding, upper range (in dollars per share)	$ 127.84
Equity instruments other than options outstanding, number of shares (in shares) | shares	156
Equity instruments other than options outstanding, weighted- average exercise price (in dollars per share)	$ 93.85
Equity instruments other than options outstanding, weighted- average remaining contractual term	3 years 7 months 6 days
Equity instruments other than options exercisable, number of shares (in shares) | shares	156
Equity instruments other than options exercisable, weighted- average exercise price (in dollars per share)	$ 93.85
$128.29 - $131.46 | Stock options
Stock-based compensation plans disclosures
Stock options outstanding, lower range (in dollars per share)	128.29
Stock options outstanding, upper range (in dollars per share)	$ 131.46
Stock options outstanding, number of shares (in shares) | shares	6
Stock options outstanding, weighted- average exercise price (in dollars per share)	$ 130.80
Stock options outstanding, weighted- average remaining contractual term	3 years 4 months 24 days
Stock options exercisable, number of shares (in shares) | shares	6
Stock options exercisable, weighted- average exercise price (in dollars per share)	$ 130.80
$128.29 - $131.46 | Stock appreciation rights
Stock-based compensation plans disclosures
Equity instruments other than options outstanding, lower range (in dollars per share)	128.29
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	5
Equity instruments other than options outstanding, weighted- average exercise price (in dollars per share)	$ 128.29
Equity instruments other than options outstanding, weighted- average remaining contractual term	9 months 18 days
Equity instruments other than options exercisable, number of shares (in shares) | shares	5
Equity instruments other than options exercisable, weighted- average exercise price (in dollars per share)	$ 128.29

EMPLOYEE BENEFIT PLANS (Summa_3

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
	Sep. 29, 2018USD ($)$ / sharesshares
Number of Shares
Nonvested at beginning of period (in shares) | shares	3,266
Granted (in shares) | shares	20
Vested (in shares) | shares	(76)
Forfeited (in shares) | shares	(51)
Nonvested at end of period (in shares) | shares	3,159
Weighted-Average Grant Date Fair Value Per Share
Nonvested at beginning of period (in dollars per share) | $ / shares	$ 18.13
Granted (in dollars per share) | $ / shares	25.61
Vested (in dollars per share) | $ / shares	14.07
Forfeited (in dollars per share) | $ / shares	13.71
Nonvested at end of period (in dollars per share) | $ / shares	$ 18.35
Fair value of restricted stock and restricted stock units vested | $	$ 1.9

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance			$ 580,947	$ 1,015,438
Other comprehensive income (loss) before reclassifications	$ 1,505	$ (11,549)	1,980	(935)
Tax (expense) benefit	212	2,851	490	11,428
Amounts reclassed from accumulated other comprehensive income (loss)	(33)	(4,965)	(6,979)	1,577
Tax (expense) benefit	426	816	1,688	(1,798)
Total other comprehensive income (loss)	1,324	(4,549)	7,761	10,714
Ending balance	529,581	652,998	529,581	652,998
Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance	(71,255)	(75,011)	(64,499)	(101,867)
Other comprehensive income (loss) before reclassifications	(1,380)	5,222	(8,136)	32,078
Tax (expense) benefit	0	0	0	0
Amounts reclassed from accumulated other comprehensive income (loss)	0	0	0	0
Tax (expense) benefit	0	0	0	0
Total other comprehensive income (loss)	(1,380)	5,222	(8,136)	32,078
Ending balance	(72,635)	(69,789)	(72,635)	(69,789)
Cash Flow Hedges | Forward Contracts
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance	3,095	(1,284)	(10,098)	10,693
Other comprehensive income (loss) before reclassifications	2,885	(16,776)	10,116	(33,243)
Tax (expense) benefit	212	2,853	490	11,512
Amounts reclassed from accumulated other comprehensive income (loss)	(33)	(4,940)	(6,979)	1,981
Tax (expense) benefit	426	807	1,688	(1,945)
Total other comprehensive income (loss)	2,704	(9,790)	15,897	(21,767)
Ending balance	5,799	(11,074)	5,799	(11,074)
Cash Flow Hedges | Interest Rate Swaps
Accumulated Other Comprehensive Income (Loss), Net of Tax
Beginning balance		41		(343)
Other comprehensive income (loss) before reclassifications		5		230
Tax (expense) benefit		(2)		(84)
Amounts reclassed from accumulated other comprehensive income (loss)		(25)		(404)
Tax (expense) benefit		9		147
Total other comprehensive income (loss)		19		403
Ending balance		60		60
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 (loss)	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	(69,832)	(80,161)	(76,269)	(95,424)
Ending balance	$ (68,508)	$ (84,710)	$ (68,508)	$ (84,710)

SEGMENT INFORMATION (Summary In

SEGMENT INFORMATION (Summary Information by Operating Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Summary information by operating segment
Net sales	$ 608,827	$ 688,722	$ 1,754,566	$ 1,867,358
Operating Income (Loss)	22,653	(499)	(4,615)	(475,518)
Operating segments | Americas
Summary information by operating segment
Net sales	269,064	308,102	797,396	874,449
Operating Income (Loss)	36,061	18,843	103,298	(121,976)
Operating segments | Europe
Summary information by operating segment
Net sales	207,533	247,184	585,688	637,566
Operating Income (Loss)	34,131	39,332	76,490	(33,859)
Operating segments | Asia
Summary information by operating segment
Net sales	132,230	133,436	371,482	355,343
Operating Income (Loss)	31,979	21,999	65,921	(2,702)
Corporate
Summary information by operating segment
Net sales	0	0	0	0
Operating Income (Loss)	$ (79,518)	$ (80,673)	$ (250,324)	$ (316,981)

SEGMENT INFORMATION (Schedule o

SEGMENT INFORMATION (Schedule of Net Sales for Each Class of Similar Products) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Net sales for each class of similar products
Net sales	$ 608,827	$ 688,722	$ 1,754,566	$ 1,867,358
Percentage of Total	100.00%	100.00%	100.00%	100.00%
Watches
Net sales for each class of similar products
Net sales	$ 486,538	$ 551,913	$ 1,397,143	$ 1,471,144
Percentage of Total	79.90%	80.10%	79.60%	78.80%
Leathers
Net sales for each class of similar products
Net sales	$ 66,036	$ 75,660	$ 203,215	$ 217,946
Percentage of Total	10.80%	11.00%	11.60%	11.70%
Jewelry
Net sales for each class of similar products
Net sales	$ 41,800	$ 47,729	$ 116,709	$ 139,900
Percentage of Total	6.90%	6.90%	6.70%	7.50%
Other
Net sales for each class of similar products
Net sales	$ 14,453	$ 13,420	$ 37,499	$ 38,368
Percentage of Total	2.40%	2.00%	2.10%	2.00%

DERIVATIVES AND RISK MANAGEME_3

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		9 Months Ended
	Sep. 29, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 29, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 29, 2018GBP (£)	Sep. 29, 2018AUD ($)	Sep. 29, 2018MXN ($)	Sep. 29, 2018EUR (€)	Sep. 29, 2018CAD ($)	Sep. 29, 2018JPY (¥)
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	5,006	(5,399)	(51,067)	(398,298)
Forward Contracts | Designated as cash flow hedges | Euro
Derivative [Line Items]
Notional amount	197,600		197,600					€ 164.8
Forward Contracts | Designated as cash flow hedges | Canadian dollar
Derivative [Line Items]
Notional amount	47,800		47,800						$ 61.3
Forward Contracts | Designated as cash flow hedges | British pound
Derivative [Line Items]
Notional amount	34,000		34,000		£ 25.5
Forward Contracts | Designated as cash flow hedges | Japanese yen
Derivative [Line Items]
Notional amount	22,200		22,200							¥ 2,406.2
Forward Contracts | Designated as cash flow hedges | Mexican peso
Derivative [Line Items]
Notional amount	17,500		17,500				$ 343.1
Forward Contracts | Designated as cash flow hedges | Australian dollar
Derivative [Line Items]
Notional amount	10,100		10,100			$ 13.8
Forward Contracts | Designated as cash flow hedges | U.S. dollar
Derivative [Line Items]
Notional amount	22,600		22,600							¥ 2,455
Cash Flow Hedges | Amount Reclassified from AOCI
Derivative [Line Items]
Gain (loss) reclassified into earnings	$ 0	$ 0	$ 0	$ 0

DERIVATIVES AND RISK MANAGEME_4

DERIVATIVES AND RISK MANAGEMENT (Non-designated Hedges) (Details) - Sep. 29, 2018 - Forward Contracts - Not designated as hedging instruments R in Millions, $ in Millions	USD ($)	ZAR (R)
Derivative [Line Items]
Fair value of designated forward contracts | $	$ 1.4
Hedged amount | R		R 20

DERIVATIVES AND RISK MANAGEME_5

DERIVATIVES AND RISK MANAGEMENT (Derivative Instruments Recognized in Other Comprehensive Income (Loss)) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
Derivative [Line Items]
Total gain (loss) recognized in other comprehensive income (loss), net of taxes	$ 3,097	$ (13,920)	$ 10,606	$ (21,585)
Cash flow hedges | Forward Contracts
Derivative [Line Items]
Total gain (loss) recognized in other comprehensive income (loss), net of taxes	3,097	(13,923)	10,606	(21,731)
Cash flow hedges | Interest Rate Swaps
Derivative [Line Items]
Total gain (loss) recognized in other comprehensive income (loss), net of taxes	$ 0	$ 3	$ 0	$ 146

DERIVATIVES AND RISK MANAGEME_6

DERIVATIVES AND RISK MANAGEMENT (Derivative Instruments Designated and Qualifying as Cash Flow Hedges) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
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)	$ 393	$ (4,133)	$ (5,291)	$ 36
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	(11)	(12)	(113)	170
Other income (expense)-net | 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	$ (16)	$ 0	$ (257)

DERIVATIVES AND RISK MANAGEME_7

DERIVATIVES AND RISK MANAGEMENT (Fair Value Amounts for Derivative Instruments) (Details) - USD ($) $ in Thousands	Sep. 29, 2018	Dec. 30, 2017
Fair value of derivative instruments
Asset derivatives, fair value	$ 6,421	$ 2,633
Liability derivatives, fair value	3,092	17,885
Net gain expected to be reclassified into earnings within the next twelve months	5,700
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	5,826	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	594	147
Forward Contracts | Designated as cash flow hedges | Cash flow hedges | Accrued expenses- other
Fair value of derivative instruments
Liability derivatives, fair value	3,012	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	80	2,725
Forward Contracts | Not designated as hedging instruments | Prepaid expenses and other current assets
Fair value of derivative instruments
Asset derivatives, fair value	1	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	Sep. 29, 2018	Dec. 30, 2017
Estimate of Fair Value Measurement
Assets:
Forward contracts	$ 6,421	$ 2,438
Investment in publicly traded mutual funds	5,068	4,806
Interest rate swap		195
Total	11,489	7,439
Liabilities:
Contingent consideration	4,309	6,452
Forward contracts	3,092	17,885
Total	7,401	24,337
Level 1
Assets:
Forward contracts	0	0
Investment in publicly traded mutual funds	5,068	4,806
Interest rate swap		0
Total	5,068	4,806
Liabilities:
Contingent consideration	0	0
Forward contracts	0	0
Total	0	0
Level 2
Assets:
Forward contracts	6,421	2,438
Investment in publicly traded mutual funds	0	0
Interest rate swap		195
Total	6,421	2,633
Liabilities:
Contingent consideration	0	0
Forward contracts	3,092	17,885
Total	3,092	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	4,309	6,452
Forward contracts	0	0
Total	$ 4,309	$ 6,452

FAIR VALUE MEASUREMENTS (Narrat

FAIR VALUE MEASUREMENTS (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jun. 30, 2018	Jul. 01, 2017	Sep. 29, 2018	Sep. 30, 2017	Dec. 30, 2017
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Property, plant and equipment - net			$ 190,644		$ 219,742
Impairment of property, plant, and equipment			1,757	$ 2,726
Level 3
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Impairment of property, plant, and equipment			3,200
Specific Company Owned Stores
Fair value hierarchy for assets and liabilities measured at fair value on a recurring basis
Property, plant and equipment - net			3,200
Fair value write-down			200
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			300
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			402,000		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			$ 400,000		$ 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
Implied fair value	21,100
Impairment charges - intangible assets	$ 6,200	$ 28,300

INTANGIBLE AND OTHER ASSETS (In

INTANGIBLE AND OTHER ASSETS (Intangible and Other Assets) (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 29, 2018	Dec. 30, 2017
Intangibles-subject to amortization:
Gross Amount	$ 98,284	$ 100,718
Accumulated Amortization	59,432	52,629
Intangibles-not subject to amortization:
Trade names	32,430	38,643
Other assets:
Gross Amount	90,846	93,361
Accumulated Amortization	31,743	32,451
Gross Amount	221,560	232,722
Accumulated Amortization	91,175	85,080
Total intangible and other assets-net	130,385	147,642
Key money deposits
Other assets:
Gross Amount	25,441	27,196
Accumulated Amortization	$ 23,412	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	$ 18,296	19,269
Deferred compensation plan assets
Other assets:
Gross Amount	5,068	4,806
Deferred tax asset-net
Other assets:
Gross Amount	27,331	27,112
Restricted cash
Other assets:
Gross Amount	1,668	377
Shop-in-shop
Other assets:
Gross Amount	8,384	8,864
Accumulated Amortization	8,331	8,606
Tax receivable
Other assets:
Gross Amount	478	478
Forward contracts
Other assets:
Gross Amount	594	147
Investments
Other assets:
Gross Amount	500	500
Other
Other assets:
Gross Amount	$ 3,086	4,612
Trademarks
Intangibles-subject to amortization:
Useful Lives	10 years
Gross Amount	$ 4,310	4,310
Accumulated Amortization	3,819	3,676
Customer lists
Intangibles-subject to amortization:
Gross Amount	52,916	55,164
Accumulated Amortization	$ 36,717	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	$ 2,156	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	$ 2,370	2,553
Accumulated Amortization	$ 2,312	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	14,182	10,314
Other
Intangibles-subject to amortization:
Gross Amount	263	266
Accumulated Amortization	$ 246	$ 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		9 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017
INTANGIBLE AND OTHER ASSETS
Amortization expense for intangible assets	$ 2,900	$ 3,000	$ 8,900	$ 10,400
Estimated aggregate future amortization expense by fiscal year
2018 (remaining)	2,930		2,930
2,019	11,480		11,480
2,020	10,950		10,950
2,021	7,118		7,118
2,022	6,254		6,254
2,023	$ 66		$ 66

DEBT ACTIVITY (Details)

DEBT ACTIVITY (Details)	Jan. 29, 2018USD ($)	Sep. 29, 2018USD ($)	Mar. 31, 2018USD ($)	Sep. 30, 2017USD ($)	Sep. 29, 2018USD ($)	Sep. 30, 2017USD ($)
Debt Instrument [Line Items]
Loss on extinguishment of debt					$ 718,000	$ 0
Interest expense		$ 9,899,000		$ 12,070,000	31,658,000	$ 32,096,000
Amortization of debt issuance costs		1,000,000			2,800,000
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 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					(445,000,000)
Line of credit facility, remaining borrowing capacity		283,800,000			283,800,000
Interest expense, long-term debt					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 | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	4.00%
Revolving Credit Facility | Second A&R Credit Agreement | London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	5.00%
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 | Base Rate | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	1.50%
Revolving Credit Facility | Second A&R Credit Agreement | Base Rate | Maximum
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 | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	7.00%
Term Loan Facility | Second A&R Credit Agreement | London Interbank Offered Rate (LIBOR) | Maximum | Post Closing, First Anniversary
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	8.00%
Term Loan Facility | Second A&R Credit Agreement | London Interbank Offered Rate (LIBOR) | Maximum | Post Closing, Second Anniversary
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	9.00%
Term Loan Facility | Second A&R Credit Agreement | Base Rate | Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	5.50%
Term Loan Facility | Second A&R Credit Agreement | Base Rate | Maximum | Post Closing, First Anniversary
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate	6.50%
Term Loan Facility | Second A&R Credit Agreement | Base Rate | Maximum | Post Closing, Second Anniversary
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		$ 9,100,000			$ 24,200,000

RESTRUCTURING (Narrative) (Deta

RESTRUCTURING (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017	Dec. 30, 2017	Dec. 31, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 6,075	$ 5,769	$ 41,942	$ 41,818
New World Fossil
Restructuring Cost and Reserve [Line Items]
Total expected costs to be incurred	150,000		150,000
Restructuring charges	6,075	$ 5,769	41,942	$ 41,818	$ 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		9 Months Ended		12 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017	Dec. 30, 2017	Dec. 31, 2016
Restructuring Reserve [Roll Forward]
Restructuring charges	$ 6,075	$ 5,769	$ 41,942	$ 41,818
New World Fossil
Restructuring Reserve [Roll Forward]
Beginning balance	9,769	6,544	4,475	5,340	$ 5,340
Restructuring charges	6,075	5,769	41,942	41,818	48,200	$ 27,800
Cash Payments	5,731	6,752	28,901	37,177
Non-cash Items	7	2,611	7,410	7,031
Ending balance	10,106	2,950	10,106	2,950	4,475	5,340
New World Fossil | Store closures
Restructuring Reserve [Roll Forward]
Beginning balance	5,415	4,893	2,973	4,546	4,546
Restructuring charges	665	2,482	15,655	8,223
Cash Payments	810	4,237	11,413	6,415
Non-cash Items	7	2,320	1,952	5,536
Ending balance	5,263	818	5,263	818	2,973	4,546
New World Fossil | Professional services and other
Restructuring Reserve [Roll Forward]
Beginning balance	1,518	116	185	794	794
Restructuring charges	4,133	765	9,410	2,195
Cash Payments	3,650	48	7,594	2,156
Non-cash Items	0	291	0	291
Ending balance	2,001	542	2,001	542	185	794
New World Fossil | Severance and employee-related benefits
Restructuring Reserve [Roll Forward]
Beginning balance	2,836	1,535	1,317	0	0
Restructuring charges	1,277	2,522	16,877	31,400
Cash Payments	1,271	2,467	9,894	28,606
Non-cash Items	0	0	5,458	1,204
Ending balance	$ 2,842	$ 1,590	$ 2,842	$ 1,590	$ 1,317	$ 0

RESTRUCTURING (Restructuring Ch

RESTRUCTURING (Restructuring Charges by Operating Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 29, 2018	Sep. 30, 2017	Sep. 29, 2018	Sep. 30, 2017	Dec. 30, 2017	Dec. 31, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 6,075	$ 5,769	$ 41,942	$ 41,818
New World Fossil
Restructuring Cost and Reserve [Line Items]
Restructuring charges	6,075	5,769	41,942	41,818	$ 48,200	$ 27,800
New World Fossil | Operating segments | Americas
Restructuring Cost and Reserve [Line Items]
Restructuring charges	444	2,771	16,981	10,567
New World Fossil | Operating segments | Europe
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,761	1,445	7,479	9,127
New World Fossil | Operating segments | Asia
Restructuring Cost and Reserve [Line Items]
Restructuring charges	382	1,144	1,714	9,283
New World Fossil | Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ 3,488	$ 409	$ 15,768	$ 12,841