Fossil (FOSL) 10-Q 7 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 28, 2013	Nov. 01, 2013
Document and Entity Information	'	'
Entity Registrant Name	'Fossil Group, Inc.	'
Entity Central Index Key	'0000883569	'
Document Type	'10-Q	'
Document Period End Date	28-Sep-13	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-29	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	55,204,589
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 28, 2013	Dec. 29, 2012
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$228,899	$177,236
Securities available for sale	0	127
Accounts receivable - net of allowances of $67,482 and $82,362, respectively	360,580	363,456
Inventories	656,585	506,314
Deferred income tax assets-net	35,027	34,238
Prepaid expenses and other current assets	74,359	62,741
Total current assets	1,355,450	1,144,112
Investments	25	6,965
Property, plant and equipment - net of accumulated depreciation of $302,076 and $262,041, respectively	351,626	335,446
Goodwill	204,975	184,793
Intangible and other assets-net	178,115	170,673
Total long-term assets	734,741	697,877
Total assets	2,090,191	1,841,989
Current liabilities:	'	'
Accounts payable	164,541	149,561
Short-term debt	14,567	2,794
Accrued expenses:	'	'
Compensation	69,407	55,563
Royalties	44,491	53,547
Co-op advertising	16,366	24,500
Transaction taxes	22,781	27,973
Other	72,371	61,575
Income taxes payable	32,680	31,265
Total current liabilities	437,204	406,778
Long-term income taxes payable	11,053	8,662
Deferred income tax liabilities	81,724	79,756
Long-term debt	468,369	75,140
Other long-term liabilities	53,039	31,189
Total long-term liabilities	614,185	194,747
Commitments and contingencies (Note 12)	'	'
Stockholders' equity:	'	'
Common stock, 55,647 and 59,631 shares issued at September 28, 2013 and December 29, 2012, respectively	556	596
Additional paid-in capital	149,906	138,097
Retained earnings	848,002	1,066,082
Accumulated other comprehensive income	30,958	28,760
Total Fossil Group, Inc. stockholders' equity	1,029,422	1,233,535
Noncontrolling interest	9,380	6,929
Total stockholders' equity	1,038,802	1,240,464
Total liabilities and stockholders' equity	$2,090,191	$1,841,989

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 28, 2013	Dec. 29, 2012
In Thousands, unless otherwise specified
CONDENSED CONSOLIDATED BALANCE SHEETS	'	'
Accounts receivable, allowances (in dollars)	$67,482	$82,362
Property, plant and equipment, accumulated depreciation (in dollars)	$302,076	$262,041
Common stock, shares issued	55,647	59,631

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME	'	'	'	'
Net sales	$810,396	$684,170	$2,197,544	$1,909,807
Cost of sales	345,427	302,646	945,203	842,942
Gross profit	464,969	381,524	1,252,341	1,066,865
Operating expenses:	'	'	'	'
Selling and distribution	229,095	193,276	649,747	570,979
General and administrative	94,842	75,161	260,293	211,841
Total operating expenses	323,937	268,437	910,040	782,820
Operating income	141,032	113,087	342,301	284,045
Interest expense	3,036	1,437	6,016	3,680
Other income-net	259	2,211	9,082	6,185
Income before income taxes	138,255	113,861	345,367	286,550
Provision for income taxes	45,881	33,984	108,604	85,213
Net income	92,374	79,877	236,763	201,337
Less: Net income attributable to noncontrolling interest	2,640	3,086	7,130	9,068
Net income attributable to Fossil Group, Inc.	89,734	76,791	229,633	192,269
Other comprehensive income (loss), net of taxes:	'	'	'	'
Currency translation adjustment	19,277	12,249	2,424	6,639
Unrealized gain (loss) on securities available for sale	558	-4	475	25
Cash flow hedges-change in fair value	-5,691	-1,983	-701	-1,075
Total other comprehensive income	14,144	10,262	2,198	5,589
Total comprehensive income	106,518	90,139	238,961	206,926
Less: Comprehensive income attributable to noncontrolling interest	2,640	3,086	7,130	9,068
Comprehensive income attributable to Fossil Group, Inc.	$103,878	$87,053	$231,831	$197,858
Earnings per share:	'	'	'	'
Basic (in dollars per share)	$1.59	$1.27	$3.95	$3.13
Diluted (in dollars per share)	$1.58	$1.26	$3.93	$3.11
Weighted average common shares outstanding:	'	'	'	'
Basic (in shares)	56,458	60,573	58,150	61,342
Diluted (in shares)	56,704	60,955	58,433	61,804

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012
Operating Activities:	'	'
Net income	$236,763	$201,337
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation, amortization and accretion	59,639	47,146
Stock-based compensation	11,062	12,858
Decrease in allowance for returns-net of inventory in transit	-3,586	-2,929
Loss on disposal of assets	660	1,473
Impairment losses	0	256
Equity in income of joint venture	0	-815
Gain on equity method investment	-6,510	0
Decrease in allowance for doubtful accounts	-6,200	-3,047
Excess tax benefits from stock-based compensation	-7,204	-11,223
Deferred income taxes and other	5,968	4,836
Contingent consideration revaluation	0	-3,585
Changes in operating assets and liabilities:	'	'
Accounts receivable	22,919	41,043
Inventories	-144,726	-78,487
Prepaid expenses and other current assets	-9,512	-1,866
Accounts payable	14,368	-28,586
Accrued expenses	-4,806	-50,141
Income taxes payable	11,118	40,231
Net cash provided by operating activities	179,953	168,501
Investing Activities:	'	'
Additions to property, plant and equipment	-66,334	-59,710
Increase in intangible and other assets	-8,959	-4,980
Proceeds from the sale of property, plant and equipment, and other	2,027	21
Net change in restricted cash	424	6,903
Business acquisitions-net of cash acquired	-14,896	-229,151
Net cash used in investing activities	-87,738	-286,917
Financing Activities:	'	'
Acquisition of common stock	-460,413	-205,631
Distribution of noncontrolling interest earnings	-4,679	-4,406
Excess tax benefits from stock-based compensation	7,204	11,223
Debt borrowings	960,116	399,198
Debt payments	-554,078	-235,688
Proceeds from exercise of stock options	6,203	5,279
Net cash used in financing activities	-45,647	-30,025
Effect of exchange rate changes on cash and cash equivalents	5,095	3,780
Net increase (decrease) in cash and cash equivalents	51,663	-144,661
Cash and cash equivalents:	'	'
Beginning of period	177,236	287,498
End of period	$228,899	$142,837

FINANCIAL_STATEMENT_POLICIES

FINANCIAL STATEMENT POLICIES	9 Months Ended
	Sep. 28, 2013
FINANCIAL STATEMENT POLICIES	'
FINANCIAL STATEMENT POLICIES	'
	1. FINANCIAL STATEMENT POLICIES
	Basis of Presentation. On May 22, 2013, the company changed its corporate name from “Fossil, Inc.” to “Fossil Group, Inc.” 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 28, 2013, and the results of operations for the thirteen week periods ended September 28, 2013 (“Third Quarter”) and September 29, 2012 (“Prior Year Quarter”), and the thirty-nine week periods ended September 28, 2013 (“Year To Date Period”) and September 29, 2012 (“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 29, 2012 (the “2012 Form 10-K”). Operating results for the Third Quarter and Year to Date Period 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 2012 Form 10-K.
	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, sunglasses, soft accessories and clothing. 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’s derivative instruments consist of foreign exchange forward contracts and an interest rate swap.  The Company’s foreign subsidiaries periodically enter into foreign exchange forward contracts to hedge the future payment of intercompany inventory transactions denominated in U.S. dollars. If the Company’s foreign subsidiaries were to settle their contracts designated as cash flow hedges that were denominated in Euros, British Pounds, Canadian Dollars, Japanese Yen, Mexican Pesos, and Australian Dollars, the net result would have been a loss of approximately $3.3 million, net of taxes, as of September 28, 2013.  Also, the Company has entered into an interest rate swap agreement to effectively convert a portion of variable rate debt obligations from a floating rate to a fixed rate. The Company applies the hedge accounting rules as required by Accounting Standards Codification (“ASC”) 815, Derivatives and Hedging (“ASC 815”). See “Note 8—Derivatives and Risk Management” for additional disclosures about the Company’s use of derivatives.
	Earnings 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				For the 39 Weeks Ended
		September		September		September		September
		28, 2013		29, 2012		28, 2013		29, 2012
	Numerator:
	Net income attributable to Fossil Group, Inc.	$	89,734	$	76,791	$	229,633	$	192,269
	Denominator:
	Basic EPS computation:
	Basic weighted average common shares outstanding	56,458		60,573		58,150		61,342
	Basic EPS	$	1.59	$	1.27	$	3.95	$	3.13
	Diluted EPS computation:
	Basic weighted average common shares outstanding	56,458		60,573		58,150		61,342
	Stock options, stock appreciation rights and restricted stock units	246		382		283		462
	Diluted weighted average common shares outstanding	56,704		60,955		58,433		61,804
	Diluted EPS	$	1.58	$	1.26	$	3.93	$	3.11
	Approximately 227,000, 252,000, 370,000 and 215,000 shares issuable under stock-based awards were not included in the diluted EPS calculation at the end of the Third Quarter, Year To Date Period, Prior Year Quarter and Prior Year YTD Period, respectively, because they were antidilutive.
	Restricted Cash. As of September 28, 2013 and December 29, 2012, the Company had short-term restricted cash balances of $41,000 and $0.3 million, respectively, and long-term restricted cash balances of $0.7 million and $1.0 million, respectively, primarily pledged as collateral to secure bank guarantees for the purpose of obtaining retail space.  Short-term restricted cash is reported in prepaid expenses and other current assets in the Company’s condensed consolidated balance sheets as a component of current assets.  Long-term restricted cash is reported in intangible and other assets-net in the Company’s condensed consolidated balance sheets as a component of long-term assets.
	Recently Issued Accounting Standards. In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2013-11, Income Taxes (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists (“ASU 2013-11”).  ASU 2013-11 requires, unless certain conditions exist, an unrecognized tax benefit to be presented as a reduction to a deferred tax asset in the financial statements for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. The guidance in ASU 2013-11 will become effective for the Company prospectively for annual periods beginning after December 15, 2013, and interim periods within those years, with early adoption permitted.  Retrospective application is also permitted.  The Company is currently assessing the impact, if any, the adoption of ASU 2013-11 will have on its condensed consolidated results of operations and financial position.
	In March 2013, FASB issued ASU 2013-05, Foreign Currency Matters (Topic 830): Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity (“ASU 2013-05”).  ASU 2013-05 addresses the accounting for the cumulative translation adjustment when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business within a foreign entity.  The guidance outlines the events when cumulative translation adjustments should be released into net income and is intended by FASB to eliminate some disparity in current accounting practice.  The guidance in ASU 2013-05 will become effective for the Company for annual periods beginning after December 15, 2013, and interim periods within those years. The Company will apply the guidance prospectively to any derecognition events that may occur after the effective date and does not expect the adoption of ASU 2013-05 to have a material impact on the Company’s condensed consolidated results of operations or financial position.
	In December 2011, FASB issued ASU 2011-11, Balance Sheet (Topic 210): Disclosures about Offsetting Assets and Liabilities (“ASU 2011-11”), to address certain comparability issues between financial statements prepared in accordance with GAAP and those prepared in accordance with International Financial Reporting Standards.  In January 2013, FASB issued ASU 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities (“ASU 2013-01”), which clarifies which instruments and transactions are subject to the offsetting disclosure requirements established by ASU 2011-11.  ASU 2011-11 will require an entity to provide enhanced disclosures about certain financial instruments and derivatives, as defined in ASU 2013-01, to enable users to understand the effects of offsetting in the financial statements as well as the effects of master netting arrangements on an entity’s financial condition.  The amendments in ASU 2011-11 and ASU 2013-01 are effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those years, with respective disclosures required for all comparative periods presented.  The Company does not expect the adoption of ASU 2011-11 and ASU 2013-01 to have a material impact on the Company’s condensed consolidated results of operations or financial position.
	Recently Adopted Accounting Standards. In July 2012, FASB issued ASU 2012-02, Intangibles—Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment (“ASU 2012-02”). The amendments in this update permit an entity to make a qualitative assessment to determine if it is more likely than not that an indefinite-lived intangible asset other than goodwill is impaired. If an entity concludes that it is more likely than not that the fair value of an indefinite-lived intangible asset other than goodwill is less than its carrying amount, it is required to perform the quantitative impairment test for that asset. This ASU aligns the guidance of impairment testing for indefinite-lived intangible assets other than goodwill with that in ASU 2011-08, Intangibles—Goodwill and Other (Topic 350): Testing Goodwill for Impairment (“ASU 2011-08”). The guidance in ASU 2012-02 was effective for the Company beginning December 30, 2012 and did not have a material impact on the Company’s condensed consolidated results of operations or financial position.
	In February 2013, FASB issued ASU 2013-02, Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (“ASU 2013-02”).  FASB issued ASU 2013-02 to improve the transparency of changes in other comprehensive income (“OCI”) and items reclassified out of accumulated other comprehensive income (“AOCI”) in financial statements.  ASU 2013-12 requires an entity to provide information about amounts reclassified out of AOCI by component.  In addition, an entity must present either on the face of the income statement or in the notes, significant amounts reclassified out of AOCI by the respective line items of net income. See “Note 6—Stockholders’ Equity and Benefit Plans” for additional disclosures about the Company’s OCI.  The guidance in ASU 2013-02 became effective for the Company on December 30, 2012 and did not have a material impact on the Company’s condensed consolidated results of operations or financial position.

ACQUISITIONS_DIVESTITURE_AND_G

ACQUISITIONS, DIVESTITURE AND GOODWILL	9 Months Ended
	Sep. 28, 2013
ACQUISITIONS, DIVESTITURE AND GOODWILL	'
ACQUISITIONS, DIVESTITURE AND GOODWILL	'
	2. ACQUISITIONS, DIVESTITURE AND GOODWILL
	Skagen Designs, Ltd. Acquisition.  On April 2, 2012, the Company acquired Skagen Designs, Ltd. and certain of its international affiliates (“Skagen Designs”). Skagen Designs was a privately held Nevada-based company that globally marketed and distributed contemporary Danish design accessories including watches, clocks, jewelry and sunglasses. The primary purpose of the acquisition was to add an attractive brand to the Company’s portfolio that the Company could grow using its established distribution channels. The purchase price was $231.7 million in cash and 150,000 shares of the Company’s common stock valued at $19.9 million based on the mean between the highest and lowest sales price of the Company’s common stock on NASDAQ on April 2, 2012. To fund the cash purchase price, the Company utilized approximately $200 million of availability under its revolving line of credit and excess cash available in its international subsidiaries to fund the international portion of the purchase price. In addition, subject to the purchase agreement, the sellers could have received up to 100,000 additional shares of the Company’s common stock if the Company’s net sales of SKAGEN® branded products exceeded certain thresholds over a defined period of time (the “Earnout”).
	The Company recorded the Earnout as a $9.9 million contingent consideration liability in accrued expenses-other in the Company’s condensed consolidated balance sheets as of the acquisition date. As of December 29, 2012, the contingent consideration liability was remeasured at zero, which resulted in a decrease in operating expenses of $9.9 million during fiscal year 2012. During fiscal year 2013, the contingent consideration liability remained valued at zero as the Earnout criteria was not met. The results of Skagen Designs’ operations have been included in the Company’s consolidated financial statements since April 2, 2012.
	Prior to closing the Skagen Designs acquisition, the Company incurred approximately $600,000 of acquisition-related expenses for legal, accounting and valuation services during fiscal year 2011 and the first quarter of fiscal year 2012. The Company incurred additional acquisition and integration related costs of approximately $8.2 million in fiscal year 2012, subsequent to the closing date. Acquisition and integration costs were reflected in general and administrative expenses on the Company’s condensed consolidated statements of comprehensive income. There were no acquisition and integration costs incurred during the Year To Date Period.
	During the first quarter of fiscal year 2013, the Company finalized the purchase accounting for the acquisition, with no change since fiscal year end 2012. Assets acquired and liabilities assumed in the transaction were recorded at their acquisition date fair values, while transaction costs associated with the acquisition were expensed as incurred. Because the total purchase price exceeded the fair values of the tangible and intangible assets acquired, goodwill was recorded equal to the difference. The element of goodwill that is not separable into identifiable intangible assets represents expected synergies. The following table summarizes the allocation of the purchase price to the fair value of the assets acquired and the liabilities assumed as of April 2, 2012, the effective date of the acquisition (in thousands):
	Cash paid, net of cash acquired	$	229,012
	Value of common stock issued	19,899
	Contingent consideration	9,950
	Total transaction consideration:	$	258,861
	Accounts receivable	$	16,595
	Inventories	22,638
	Prepaid expenses and other current assets	3,306
	Property, plant and equipment	4,232
	Goodwill	140,387
	Trade name	64,700
	Customer lists	24,400
	Patents	1,500
	Noncompete agreement	1,900
	Other long-term assets	2,972
	Current liabilities	(20,840		)
	Long-term liabilities	(2,929		)
	Total net assets acquired	$	258,861
	The goodwill and trade name assets recognized from the acquisition have indefinite useful lives, were tested for impairment at fiscal year end 2012 and will continue to be tested for impairment annually or on an interim basis if indicators are present. The amortization periods for the acquired customer lists, patents and noncompete agreements range from three years to nine years. Approximately $133.8 million of the goodwill recognized in the acquisition is expected to be deductible for tax purposes.
	The following unaudited pro forma information presents the combined results of operations of Fossil Group, Inc. and Skagen Designs as if the acquisition had occurred at the beginning of the prior year period. The pro forma information is not necessarily indicative of what the financial position or results of operations actually would have been had the acquisition been completed at the beginning of the prior year period presented below. In addition, the unaudited pro forma financial information is not indicative of, nor does it purport to project, the future financial position or operating results of Fossil Group, Inc. The unaudited pro forma information does not give effect to any potential cost savings or other operating efficiencies that could result from the acquisition. The following table presents the unaudited pro forma financial information (in thousands, except per share data):
		For the 39
		Weeks Ended
		September 29,
		2012
	Net sales	$	1,940,251
	Net income attributable to Fossil Group, Inc.	197,861
	Earnings per share:
	Basic	$	3.23
	Diluted	$	3.2
	Fossil Spain Acquisition. On August 10, 2012, the Company’s joint venture company, Fossil, S.L. (“Fossil Spain”), entered into a Framework Agreement (the “Framework Agreement”) with several related and unrelated parties, including General De Relojeria, S.A. (“General De Relojeria”), the Company’s joint venture partner. Pursuant to the Framework Agreement, Fossil Spain was granted the right to acquire the outstanding 50% of its shares owned by General De Relojeria upon the expiration of the joint venture agreement on December 31, 2015. Upon the acquisition of these shares, Fossil Spain will become a wholly owned subsidiary of the Company.
	Effective January 1, 2013, pursuant to the Framework Agreement, the Company assumed control over the board of directors and the day-to-day management of Fossil Spain. As a result of this change, the Company now controls Fossil Spain and began consolidating it in accordance with ASC 810, Consolidation, instead of treating it as an equity method investment. In accordance with ASC 805, Business Combinations, the Company remeasured its preexisting investment in Fossil Spain to fair value as of January 1, 2013, resulting in a gain of $6.5 million, which was recorded in other income-net on the Company’s condensed consolidated statements of comprehensive income.  The results of Fossil Spain’s operations have been included in the Company’s condensed consolidated financial statements since January 1, 2013. The Company recorded approximately $10.6 million of goodwill related to the acquisition.
	The purchase price for the shares has a fixed and variable component.  The fixed portion is based on 50% of the net book value of Fossil Spain as of December 31, 2012. The fixed portion was measured at 5.2 million Euros (approximately $6.8 million at the purchase date).  The Company recorded a contingent consideration liability of 5.9 million Euros (approximately $7.8 million at the purchase date) related to the variable portion of the purchase price as of January 1, 2013.  The variable portion will be determined based on Fossil Spain’s aggregated results of operations less dividends distributed by Fossil Spain to General De Relojeria with a minimum annual variable price of 2.0 million Euros (approximately $2.6 million at the purchase date) and a maximum annual variable price of 3.5 million Euros (approximately $4.6 million at the purchase date) for each of the calendar years 2013, 2014, and 2015.  See “Note 9 — Fair Value Measurements” for additional information about the contingent consideration liability for Fossil Spain.
	Of the total consideration for Fossil Spain, 2.2 million Euros (approximately $3.0 million) relating to the contingent consideration for calendar year 2013 was recorded in accrued expenses — other, and 8.9 million Euros (approximately $12.0 million) of the total consideration was recorded in other long-term liabilities in the condensed consolidated balance sheets at September 28, 2013.
	Bentrani Watches, LLC Acquisition. On December 31, 2012, the Company purchased substantially all of the assets of Bentrani Watches, LLC (“Bentrani”).  Bentrani was a distributor of watch products in 16 Latin American countries and was based in Miami, Florida.  Bentrani was the Company’s largest third-party distributor and had partnered with the Company for ten years.  The purchase price was $26.0 million, comprised of $18.7 million in cash and $7.3 million in forgiveness of a payable to the Company. The Company recorded approximately $8.3 million of goodwill related to the acquisition. The results of Bentrani’s operations have been included in the Company’s condensed consolidated financial statements since the acquisition date.  On June 28, 2013, the Company also obtained control of Bentrani Chile SpA (“Bentrani Chile”), and the results of Bentrani Chile’s operations have been included in the Company’s condensed consolidated financial statements since that date.  The terms of the Bentrani Chile acquisition were not significant.
	Swiss Technology Components AG Divestiture.  On April 24, 2013, Swiss Technology Holding GmbH (“STH”), a wholly owned subsidiary of the Company, sold 80% of STH’s share in Swiss Technology Components AG (“STC”). During the second quarter of fiscal year 2013, STC was deconsolidated as a result of the Company’s termination of control and is now accounted for under the cost method.
	Goodwill is the excess of the cost of an acquired entity over the net of the amounts assigned to assets acquired and liabilities assumed.  The changes in the carrying amount of goodwill, which is not subject to amortization, were as follows (in thousands):
		North			Europe		Asia			Total
		America			wholesale		Pacific
		wholesale					wholesale
	Balance at December 29, 2012	$	109,270		$	63,884	$	11,639		$	184,793
	Acquisitions	8,265			10,641		0			18,906
	Foreign currency changes	(19		)	1,322		(27		)	1,276
	Balance at September 28, 2013	$	117,516		$	75,847	$	11,612		$	204,975

INVENTORIES

INVENTORIES	9 Months Ended
	Sep. 28, 2013
INVENTORIES	'
INVENTORIES	'
	3. INVENTORIES
	Inventories consisted of the following (in thousands):
		September 28,		December 29,
		2013		2012
	Components and parts	$	49,658	$	62,731
	Work-in-process	9,600		8,071
	Finished goods	597,327		435,512
	Inventories	$	656,585	$	506,314

WARRANTY_RESERVE

WARRANTY RESERVE	9 Months Ended
	Sep. 28, 2013
WARRANTY RESERVE	'
WARRANTY RESERVE	'
	4. WARRANTY RESERVE
	The Company’s warranty liabilities are primarily related to watch products. The Company’s FOSSIL® watch products sold in the U.S. are covered by a limited warranty against defects in materials or workmanship for a period of 11 years from the date of purchase. RELIC® watch products sold in the U.S. are covered by a comparable 12 year warranty, while certain other watches sold by the Company are covered by a comparable two year limited warranty. SKAGEN branded watches are covered by a lifetime warranty against defects due to faulty material or workmanship, subject to normal conditions of use.  The Company’s warranty liability is recorded using historical warranty repair expense and is recorded in accrued expenses-other in the condensed consolidated balance sheets.  As changes in warranty costs are experienced, the warranty accrual is adjusted as necessary. Warranty liability activity consisted of the following (in thousands):
		For the 39 Weeks Ended
		September 28, 2013			September 29, 2012
	Beginning balance	$	13,383		$	10,996
	Settlements in cash or kind	(7,624		)	(4,591		)
	Warranties issued and adjustments to preexisting warranties (1)	8,622			6,561
	Liabilities assumed in acquisition	340			595
	Ending balance	$	14,721		$	13,561
	(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. 28, 2013
INCOME TAXES	'
INCOME TAXES	'
	5.  INCOME TAXES
	The Company’s income tax expense and related effective rate were as follows (in thousands, except percentage data):
		For the 13 Weeks Ended						For the 39 Weeks Ended
		September 28, 2013			September 29, 2012			September 28, 2013			September 29, 2012
	Income tax expense	$	45,881		$	33,984		$	108,604		$	85,213
	Income tax rate	33.2		%	29.8		%	31.4		%	29.7		%
	The higher effective tax rate in the Third Quarter and the Year To Date Period was primarily due to the impact of adjusting the estimated full year rate to reflect a shift in geographical earnings mix.
	As of September 28, 2013, the total amount of unrecognized tax benefits, excluding interest and penalties, was $10.0 million, of which $6.1 million would favorably impact the effective tax rate in future periods, if recognized. The U.S. Internal Revenue Service completed its examination of the Company’s 2007-2009 federal income tax returns, and the Company has settled all outstanding federal income tax liabilities for those years.  The Company is subject to examinations in various state and foreign jurisdictions for its 2006-2012 tax years, none of which the Company believes are individually significant. Audit outcomes and timing of 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 paid within twelve months of the condensed consolidated balance sheet date. As of September 28, 2013, the Company had recorded $0.2 million of unrecognized tax benefits, excluding interest and penalties, for positions that could 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, respectively. The total amount of accrued income tax-related interest and penalties included in the condensed consolidated balance sheets at September 28, 2013 was $1.0 million and $0.3 million, respectively. For the Third Quarter, the Company accrued income tax-related interest expense of $0.1 million.

STOCKHOLDERS_EQUITY_AND_BENEFI

STOCKHOLDERS' EQUITY AND BENEFIT PLANS	9 Months Ended
	Sep. 28, 2013
STOCKHOLDERS' EQUITY AND BENEFIT PLANS	'
STOCKHOLDERS' EQUITY AND BENEFIT PLANS	'
	6. STOCKHOLDERS’ EQUITY AND BENEFIT PLANS
	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 cancelled, 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 Exchange Act.
	During the Year To Date Period, the Company effectively retired 4.3 million shares of common stock repurchased under its repurchase programs. The effective retirement of repurchased common stock decreased common stock by $42,700, additional paid-in capital by $6.2 million, retained earnings by $447.7 million and treasury stock by $454.0 million. At December 29, 2012 and September 28, 2013, all treasury stock had been effectively retired. As of September 28, 2013, the Company had $614.6 million of repurchase authorizations remaining under the combined repurchase plans.
	The following table reflects the Company’s common stock repurchase activity for the periods indicated (in millions):
							For the 13 Weeks Ended					For the 39 Weeks Ended
							September 28, 2013					September 28, 2013
	Fiscal Year Authorized	Dollar Value			Termination Date		Number of		Dollar Value			Number of		Dollar Value
		Authorized					Shares		Repurchased			Shares		Repurchased
							Repurchased					Repurchased
	2012	$	1,000.00		December 2016		2		$	228.2		3.9		$	415.4
	2010	$	30		None		0		$	0		0		$	0
	2010	$	750		December 2013(1)		0		$	0		0.4		$	38.6
	(1)         In the first quarter of fiscal year 2013, the Company completed this repurchase plan.
	Stock-Based Compensation Plans. The Company accounts for stock-based compensation in accordance with the provisions of ASC 718, Compensation-Stock Compensation (“ASC 718”), using the Black-Scholes option pricing model to determine the fair value of stock options and stock appreciation rights at the date of grant. Grants under the Company’s stock-based compensation plans generally include: (i) stock options, restricted stock and restricted stock units for its international employees, (ii) restricted stock units for its non-employee directors and (iii) stock appreciation rights, restricted stock and restricted stock units for its U.S.-based employees.
	The following table summarizes stock options and stock appreciation rights activity during the Third Quarter:
	Stock Options and Stock Appreciation Rights	Number of		Weighted-			Weighted-		Aggregate
		Shares		Average			Average		Intrinsic
				Exercise Price			Remaining		Value
							Contractual
							Term
							(Years)
		in thousands							in thousands
	Outstanding at June 29, 2013	823		$	72.14		6.3		$	31,815
	Granted	3		108.15
	Exercised	(49	)	39.05					3,934
	Forfeited or expired	(28	)	101.5
	Outstanding at September 28, 2013	749		73.42			6.2		34,909
	Exercisable at September 28, 2013	451		$	56.95		5.4		$	27,838
	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 28, 2013 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 table summarizes information with respect to stock options and stock appreciation rights outstanding and exercisable at September 28, 2013:
		Stock Options Outstanding							Stock Options Exercisable
							Weighted-
				Weighted-			Average				Weighted-
				Average			Remaining				Average
		Number of		Exercise			Contractual		Number of		Exercise
	Range of Exercise Prices	Shares		Price			Term (Years)		Shares		Price
		in thousands							in thousands
	$13.65 - $21.51	89		$	15.38		4.6		68		$	15.93
	$21.51 - $34.59	82		28.7			3.1		82		28.7
	$34.59 - $67.10	85		39.66			5.9		85		39.66
	$67.10 - $106.40	126		81.04			7.5		71		80.85
	$106.40 - $131.46	184		128.08			8.3		66		128.08
	Total	566		$	72.16		6.4		372		$	56.42
		Stock Appreciation Rights Outstanding							Stock Appreciation Rights Exercisable
							Weighted-
				Weighted-			Average				Weighted-
				Average			Remaining				Average
		Number of		Exercise			Contractual		Number of		Exercise
	Range of Exercise Prices	Shares		Price			Term (Years)		Shares		Price
		in thousands							in thousands
	$13.65 - $21.51	23		$	13.65		3.5		9		$	13.65
	$21.51 - $34.59	20		29.13			2.3		20		29.13
	$34.59 - $67.10	24		41.31			4.7		21		39.46
	$67.10 - $106.40	69		92.37			6.7		11		81.23
	$106.40 - $131.46	47		126.4			6.2		18		127.95
	Total	183		$	77.29		5.4		79		$	59.39
	Restricted Stock and Restricted Stock Units. The following table summarizes restricted stock and restricted stock unit activity during the Third Quarter:
				Weighted-Average
		Number of		Grant Date Fair
	Restricted Stock and Restricted Stock Units	Shares		Value
		in thousands
	Nonvested at June 29, 2013	221		$	96.47
	Granted	19		110.91
Vested	(6	)	69.73
Forfeited	(9	)	91.76
Nonvested at September 28, 2013	225		$	98.61
The total fair value of restricted stock and restricted stock units vested during the Third Quarter was approximately $0.6 million.
Accumulated Other Comprehensive Income. The following table illustrates changes in the balances of each component of accumulated other comprehensive income, net of taxes (in thousands):
	For the 13 Weeks Ended September 28, 2013
	Currency			Securities			Forward			Interest Rate			Total
	Translation			Available for			Contracts			Swap
	Adjustments			Sale
Beginning balance	$	13,328		$	(558	)	$	4,044		$	0		$	16,814
Other comprehensive income (loss) before reclassifications, net of tax benefit of $4,457	19,277			558			(4,733		)	(922		)	14,180
Amounts reclassed from accumulated other comprehensive income, net of tax expense of $31	0			0			326			(290		)	36
Total other comprehensive income (loss)	19,277			558			(5,059		)	(632		)	14,144
Ending balance	$	32,605		$	0		$	(1,015	)	$	(632	)	$	30,958
	For the 13 Weeks Ended September 29, 2012
	Currency			Securities			Forward			Interest Rate			Total
	Translation			Available for			Contracts			Swap
	Adjustments			Sale
Beginning balance	$	13,343		$	(417	)	$	4,581		$	0		$	17,507
Other comprehensive income (loss) before reclassifications, net of tax benefit of $1,849	12,249			(4		)	(121		)	0			12,124
Amounts reclassed from accumulated other comprehensive income, net of tax expense of $973	0			0			1,862			0			1,862
Total other comprehensive income (loss)	12,249			(4		)	(1,983		)	0			10,262
Ending balance	$	25,592		$	(421	)	$	2,598		$	0		$	27,769
	For the 39 Weeks Ended September 28, 2013
	Currency			Securities			Forward			Interest Rate			Total
	Translation			Available for			Contracts			Swap
	Adjustments			Sale
Beginning balance	$	30,181		$	(475	)	$	(946	)	$	0		$	28,760
Other comprehensive income (loss) before reclassifications, net of tax benefit of $651	2,424			475			1,055			(922		)	3,032
Amounts reclassed from accumulated other comprehensive income, net of tax expense of $623	0			0			1,124			(290		)	834
Total other comprehensive income (loss)	2,424			475			(69		)	(632		)	2,198
Ending balance	$	32,605		$	0		$	(1,015	)	$	(632	)	$	30,958
	For the 39 Weeks Ended September 29, 2012
	Currency			Securities			Forward			Interest Rate			Total
	Translation			Available for			Contracts			Swap
	Adjustments			Sale
Beginning balance	$	18,953		$	(446	)	$	3,673		$	0		$	22,180
Other comprehensive income (loss) before reclassifications, net of tax expense of $133	6,639			25			3,090			0			9,754
Amounts reclassed from accumulated other comprehensive income, net of tax expense of $2,138	0			0			4,165			0			4,165
Total other comprehensive income (loss)	6,639			25			(1,075		)	0			5,589
Ending balance	$	25,592		$	(421	)	$	2,598		$	0		$	27,769
See “Note 8—Derivatives and Risk Management” for additional disclosures about the Company’s use of derivatives.

SEGMENT_INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 28, 2013
SEGMENT INFORMATION	'
SEGMENT INFORMATION	'
	7. SEGMENT INFORMATION
	The Company manages its business primarily on a geographic basis. The Company’s reportable operating segments are comprised of North America wholesale, Europe wholesale, Asia Pacific wholesale and Direct to consumer. The North America wholesale, Europe wholesale and Asia Pacific wholesale segments do not include activities related to the Direct to consumer segment. The North America wholesale segment primarily includes sales to wholesale or distributor customers based in Canada, Mexico, the United States and countries in South America. The Europe wholesale segment primarily includes sales to wholesale or distributor customers based in European countries, the Middle East and Africa. The Asia Pacific wholesale segment primarily includes sales to wholesale or distributor customers based in Australia, China (including the Company’s assembly and procurement operations), India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea, Taiwan and Thailand. The Direct to consumer segment includes Company-owned retail stores, e-commerce sales and catalog activities. 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. Net sales for geographic segments are generally based on the location of the customers. Operating income for each segment includes net sales to third-parties, related cost of sales and operating expenses directly attributable to the segment. General corporate expenses, including certain administrative, legal, accounting, technology support costs, equity compensation costs, payroll costs attributable to executive management and amounts related to intercompany eliminations are not allocated to the various segments. Intercompany sales of products between segments are referred to as intersegment items.
	Summary information by operating segment was as follows (in thousands):
		For the 13 Weeks Ended						For the 13 Weeks Ended
		September 28, 2013						September 29, 2012
		Net Sales			Operating			Net Sales			Operating
					Income						Income
	North America wholesale:
	External customers	$	300,707		$	76,689		$	253,997		$	55,328
	Intersegment	54,318						44,891
	Europe wholesale:
	External customers	209,507			56,180			163,453			39,267
	Intersegment	51,888						43,913
	Asia Pacific wholesale:
	External customers	104,835			36,046			97,636			36,258
	Intersegment	287,100						254,841
	Direct to consumer	195,347			18,567			169,084			22,865
	Intersegment items	(393,306		)				(343,645		)
	Corporate				(46,450		)				(40,631		)
	Consolidated	$	810,396		$	141,032		$	684,170		$	113,087
		For the 39 Weeks Ended						For the 39 Weeks Ended
		September 28, 2013						September 29, 2012
		Net Sales			Operating			Net Sales			Operating
					Income						Income
	North America wholesale:
	External customers	$	816,565		$	203,418		$	728,808		$	154,695
	Intersegment	149,280						133,770
	Europe wholesale:
	External customers	554,171			131,178			464,114			$	101,899
	Intersegment	131,289						113,126
	Asia Pacific wholesale:
	External customers	287,798			94,069			258,689			$	95,062
	Intersegment	742,190						582,559
	Direct to consumer	539,010			41,784			458,196			$	46,957
	Intersegment items	(1,022,759		)				(829,455		)
	Corporate				(128,148		)				(114,568		)
	Consolidated	$	2,197,544		$	342,301		$	1,909,807		$	284,045
	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					For the 13 Weeks Ended
		September 28, 2013					September 29, 2012
		Net Sales			Percentage		Net Sales			Percentage
					of Total					of Total
	Watches	$	619,087		76.4	%	$	516,994		75.6	%
	Leathers	114,692			14.1		106,976			15.6
	Jewelry	57,320			7.1		39,973			5.8
	Other	19,297			2.4		20,227			3
	Total	$	810,396		100	%	$	684,170		100	%
		For the 39 Weeks Ended					For the 39 Weeks Ended
		September 28, 2013					September 29, 2012
		Net Sales			Percentage		Net Sales			Percentage
					of Total					of Total
	Watches	$	1,679,329		76.4	%	$	1,412,181		74	%
	Leathers	309,228			14.1		307,931			16.1
	Jewelry	146,677			6.7		116,903			6.1
	Other	62,310			2.8		72,792			3.8
	Total	$	2,197,544		100	%	$	1,909,807		100	%

DERIVATIVES_AND_RISK_MANAGEMEN

DERIVATIVES AND RISK MANAGEMENT

9 Months Ended

Sep. 28, 2013

DERIVATIVES AND RISK MANAGEMENT

'

DERIVATIVES AND RISK MANAGEMENT

'

8. DERIVATIVES AND RISK MANAGEMENT

The Company is exposed to certain risks relating to its ongoing business operations, which it attempts to manage by using derivative instruments. 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 18 months. The Company enters into foreign currency forward contracts (“forward contracts”) generally for up to 65% of the forecasted purchases to manage fluctuations in global currencies that will ultimately be used to settle such U.S. dollar denominated inventory purchases. Forward contracts represent agreements to exchange the currency of one country for the currency of another country at an agreed-upon settlement date. The majority of the Company’s 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 intercompany 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. The Company also periodically enters into forward contracts to manage exchange rate risks associated with certain non-inventory intercompany transactions and to which the Company does not elect hedge treatment. All of the Company’s outstanding forward contracts were designated as hedging instruments as of September 28, 2013 and December 29, 2012.

The forward contracts that the Company purchased to hedge exchange rate risk associated with intercompany inventory transactions meet the criteria for hedge eligibility, which requires that they represent foreign-currency-denominated forecasted intra-entity 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 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.

The Company is also exposed to interest rate risk related to its U.S.-based term loan (“Term Loan”).  To manage the interest rate risk related to this loan, the Company entered into an interest rate swap agreement on July 26, 2013 with a term of approximately five years. The objective of this hedge is to offset the variability of future payments associated with interest rates on the Term Loan. The interest rate swap agreement hedges approximately $250 million of 1-month LIBOR-based variable rate debt obligations under the Term Loan. Under the terms of the agreement, the Company will pay a fixed interest rate of 1.288% per annum on a notional amount of $250 million to the swap counterparty, which will amortize over the remaining life of the Term Loan to coincide with the amortization of the underlying loan. The Company will receive interest from the swap counterparty at a variable rate based on 1-month LIBOR. This hedge is designated as a cash flow hedge.

The accounting for gains and losses that result from changes in the fair values of derivative instruments depends on whether the derivatives have been designated and qualify as hedging instruments. Changes in the fair value of derivatives not designated as hedging instruments are recognized in earnings when they occur. 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 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 comprehensive income, 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. 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 balance sheet until such derivative's gains (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) will be recognized in earnings when the hedged cash flows occur. However, for cash flow hedges that are terminated because the forecasted transaction is not expected to occur in the original specified time period, the derivative’s gains or losses are immediately recognized in earnings. There were no gains or losses reclassified into earnings as a result of the discontinuation of cash flow hedges in the Third Quarter, Prior Year Quarter, Year To Date Period or Prior Year YTD Period. Hedge accounting is discontinued if it is determined that the derivative is not highly effective. The Company records all forward contract cash flow 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.

As of September 28, 2013, the Company had the following outstanding forward contracts that were entered into to hedge the future payments of intercompany inventory transactions (in millions):

Functional Currency

Contract Currency

Type

Amount

Type

Amount

Euro

175.8

U.S. Dollar

231.6

British Pound

21.7

U.S. Dollar

33.7

Canadian Dollar

31

U.S. Dollar

30.1

Japanese Yen

2,342.00

U.S. Dollar

25.6

Mexican Peso

166

U.S. Dollar

12.8

Australian Dollar

12.1

U.S. Dollar

11.4

The effective portion of gains and losses on derivative instruments that was recognized in other comprehensive income (loss), net of taxes during the Third Quarter, Prior Year Quarter, Year To Date Period and the Prior Year YTD Period is set forth below (in thousands):

Derivatives Designated as Cash

For the 13 Weeks

For the 13 Weeks

Ended

Ended

Flow Hedges Under ASC 815

September 28, 2013

September 29, 2012

Foreign exchange forward contracts

$

(4,733

)

$

(121

)

Interest rate swap

(922

)

0

Total loss recognized in other comprehensive income

$

(5,655

)

$

(121

)

For the 39 Weeks

For the 39 Weeks

Derivatives Designated as Cash

Ended

Ended

Flow Hedges Under ASC 815

September 28, 2013

September 29, 2012

Foreign exchange forward contracts

$

1,055

$

3,090

Interest rate swap

(922

)

0

Total gain recognized in other comprehensive income

$

133

$

3,090

The following table illustrates the effective portion of gains and losses on derivative instruments recorded in 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):

Condensed

Consolidated

Statements of

For the 13 Weeks

For the 13 Weeks

Comprehensive

Derivative Contracts Under

Income

Ended

Ended

ASC 815

Location

September 28, 2013

September 29, 2012

Foreign exchange contracts designated as cash flow hedging instruments

Other income-net

Total gain reclassified from other comprehensive income

$

326

$

1,862

Foreign exchange contracts not designated as hedging instruments

Other income-net

Total gain (loss) recognized in income

$

0

$

0

Interest rate swap designated as cash flow hedging instruments

Interest expense

Total loss reclassified from other comprehensive income

$

(290

)

$

0

Condensed

Consolidated

Statements of

For the 39 Weeks

For the 39 Weeks

Derivative Contracts Under

Comprehensive

Ended September 28,

Ended September 29,

ASC 815

Income Location

2013

2012

Foreign exchange contracts designated as cash flow hedging instruments

Other income-net

Total gain reclassified from other comprehensive income

$

1,124

$

4,165

Foreign exchange contracts not designated as hedging instruments

Other income-net

Total (loss) recognized in income

$

(74

)

$

0

Interest rate swap designated as cash flow hedging instruments

Interest expense

Total loss reclassified from other comprehensive income

$

(290

)

$

0

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 28, 2013

December 29, 2012

September 28, 2013

December 29, 2012

Condensed

Condensed

Condensed

Condensed

Consolidated

Consolidated

Consolidated

Consolidated

Derivative Contracts Under

Balance

Fair

Balance

Fair

Balance

Fair

Balance

Fair

ASC 815

Sheets Location

Value

Sheets Location

Value

Sheets Location

Value

Sheets Location

Value

Foreign exchange contracts designated as cash flow hedging instruments

Prepaid expenses and other current assets

$

2,893

Prepaid expenses and other current assets

$

2,336

Accrued expenses- other

$

6,857

Accrued expenses- other

$

4,560

Interest rate contracts designated as cash flow hedging instruments

Prepaid expenses and other current assets

0

Prepaid expenses and other current assets

0

Accrued expenses- other

219

Accrued expenses- other

0

Foreign exchange contracts designated as cash flow hedging instruments

Intangible and other assets- net

49

Intangible and other assets- net

240

Other long-term liabilities

1,065

Other long-term liabilities

582

Interest rate contracts designated as cash flow hedging instruments

Intangible and other assets- net

0

Intangible and other assets- net

0

Other long-term liabilities

784

Other long-term liabilities

0

Total

$

2,942

$

2,576

$

8,925

$

5,142

At the end of the Third Quarter, the Company had forward contracts with maturities extending through March 2015. The estimated net amount of the existing gains or losses at September 28, 2013 that is expected to be reclassified into earnings within the next twelve months is a loss of $2.7 million. See “Note 1—Financial Statement Policies” for additional disclosures on foreign currency hedging instruments.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 28, 2013
FAIR VALUE MEASUREMENTS	'
FAIR VALUE MEASUREMENTS	'
	9. 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.
	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 28, 2013 (in thousands):
		Fair Value at September 28, 2013
		Level 1		Level 2		Level 3		Total
	Assets:
	Forward contracts	$	0	$	2,942	$	0	$	2,942
	Deferred compensation plan assets:
	Investment in publicly traded mutual funds	2,329		0		0		2,329
	Total	$	2,329	$	2,942	$	0	$	5,271
	Liabilities:
	Contingent consideration	$	0	$	0	$	7,936	$	7,936
	Forward contracts	0		7,922		0		7,922
	Interest rate swaps	0		1,003		0		1,003
	Total	$	0	$	8,925	$	7,936	$	16,861
	The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 29, 2012 (in thousands):
		Fair Value at December 29, 2012
		Level 1		Level 2		Level 3		Total
	Assets:
	Securities available for sale:
	Investments in publicly traded equity securities	$	127	$	0	$	0	$	127
	Forward contracts	0		2,576		0		2,576
	Deferred compensation plan assets:
	Investment in publicly traded mutual funds	3,188		0		0		3,188
	Total	$	3,315	$	2,576	$	0	$	5,891
	Liabilities:
	Forward contracts	$	0	$	5,142	$	0	$	5,142
	Total	$	0	$	5,142	$	0	$	5,142
	The fair values of the Company’s securities available for sale and 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 has evaluated its short-term and long-term debt and believes, based on the interest rates, related terms and maturities, that the fair values of such instruments approximate their carrying amounts. As of September 28, 2013 and December 29, 2012, the carrying values of cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximated their fair values due to the short-term maturities of these accounts.
	The fair value of the contingent consideration liability related to Fossil Spain is determined using Level 3 inputs. See “Note 2 — Acquisitions, Divestiture and Goodwill” for additional disclosure about the acquisition. The contingent consideration is based on Fossil Spain’s earnings during the three year period from January 1, 2013 to December 31, 2015.  The contingent consideration for calendar years 2013 and 2014 will be paid each year within thirty days of calculation of the amount. The contingent consideration for calendar year 2015 will be paid upon the execution of the purchase agreement in 2016. The fair value of the contingent consideration was determined using present value techniques with forecasted future cash flows for Fossil Spain as the significant unobservable input. Future revenue growth based on management’s projections for calendar years 2013, 2014, and 2015 ranges from 3% to 10%. Operating expenses are projected to be approximately 28% of revenues for calendar years 2013, 2014, and 2015. A discount rate of 19% was used to calculate the present value of the contingent consideration. An increase in future cash flows may result in a higher estimated fair value of the contingent consideration liability. Alternatively, a decrease in future cash flows may result in a lower estimated fair value of the contingent consideration liability. Future changes in the estimated fair value of the contingent consideration liability, if any, will be reflected in earnings. None of the assumptions underlying the estimates have changed since the first quarter of fiscal year 2013.

CONTROLLING_AND_NONCONTROLLING

CONTROLLING AND NONCONTROLLING INTEREST	9 Months Ended
	Sep. 28, 2013
CONTROLLING AND NONCONTROLLING INTEREST	'
CONTROLLING AND NONCONTROLLING INTEREST	'
	10. CONTROLLING AND NONCONTROLLING INTEREST
	The following tables summarize the changes in equity attributable to controlling and noncontrolling interest (in thousands):
		Fossil Group, Inc.						Total
		Stockholders’			Noncontrolling			Stockholders’
		Equity			Interest			Equity
	Balance at December 29, 2012	$	1,233,535		$	6,929		$	1,240,464
	Net income	229,633			7,130			236,763
	Currency translation adjustments	2,424			0			2,424
	Unrealized gain on securities available for sale	475			0			475
	Forward contracts hedging intercompany foreign currency payments - change in fair values	(69		)	0			(69		)
	Interest rate swap hedges - change in fair values	(632		)	0			(632		)
	Common stock issued upon exercise of stock options and stock appreciation rights	6,203			0			6,203
	Tax benefit derived from stock-based compensation	7,204			0			7,204
	Distribution of noncontrolling interest earnings	0			(4,679		)	(4,679		)
	Acquisition of common stock	(460,413		)	0			(460,413		)
	Stock-based compensation expense	11,062			0			11,062
	Balance at September 28, 2013	$	1,029,422		$	9,380		$	1,038,802
		Fossil Group, Inc.						Total
		Stockholders’			Noncontrolling			Stockholders’
		Equity			Interest			Equity
	Balance at December 31, 2011	$	1,105,929		$	10,917		$	1,116,846
	Net income	192,269			9,068			201,337
	Currency translation adjustments	6,639			0			6,639
	Unrealized gain on securities available for sale	25			0			25
	Forward contracts hedging intercompany foreign currency payments - change in fair values	(1,075		)	0			(1,075		)
	Common stock issued upon exercise of stock options and stock appreciation rights	5,279			0			5,279
	Tax benefit derived from stock-based compensation	11,223			0			11,223
	Distribution of noncontrolling interest earnings	0			(4,406		)	(4,406		)
	Business acquisitions	19,899			81			19,980
	Acquisition of common stock	(205,631		)	0			(205,631		)
	Stock-based compensation expense	12,858			0			12,858
	Balance at September 29, 2012	$	1,147,415		$	15,660		$	1,163,075

INTANGIBLE_AND_OTHER_ASSETS

INTANGIBLE AND OTHER ASSETS	9 Months Ended
	Sep. 28, 2013
INTANGIBLE AND OTHER ASSETS	'
INTANGIBLE AND OTHER ASSETS	'
	11. INTANGIBLE AND OTHER ASSETS
	The following table summarizes intangible and other assets (in thousands):
				September 28, 2013				December 29, 2012
		Useful		Gross		Accumulated		Gross		Accumulated
		Lives		Amount		Amortization		Amount		Amortization
	Intangibles-subject to amortization:
	Trademarks	10 yrs.		$	4,175	$	2,628	$	4,135	$	2,400
	Customer lists	5-10 yrs.		42,996		13,013		32,144		9,980
	Patents	3-20 yrs.		2,273		1,224		2,273		815
	Noncompete agreement	6 yrs.		1,905		476		1,895		237
	Other	7-20 yrs.		261		203		258		194
	Total intangibles-subject to amortization			51,610		17,544		40,705		13,626
	Intangibles-not subject to amortization:
	Trade names			83,650				83,647
	Other assets:
	Key money deposits			35,081		15,884		35,655		14,060
	Other deposits			21,924				17,591
	Deferred compensation plan assets			2,329				3,188
	Deferred tax asset-net			6,149				6,536
	Restricted cash			702				991
	Shop-in-shop			14,303		6,958		11,396		5,297
	Other			2,753		0		3,948		1
	Total other assets			83,241		22,842		79,305		19,358
	Total intangible and other assets			$	218,501	$	40,386	$	203,657	$	32,984
	Total intangible and other assets-net					$	178,115			$	170,673
	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 $1.3 million, $0.9 million, $3.9 million and $2.4 million for the Third Quarter, Prior Year Quarter, 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):
		Amortization
		Expense
	2013 (remaining)	$	1,285
	2014	5,147
	2015	4,755
	2016	4,616
	2017	4,358
	2018		3,993

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 28, 2013
COMMITMENTS AND CONTINGENCIES	'
COMMITMENTS AND CONTINGENCIES	'
	12. 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

DEBT	9 Months Ended
	Sep. 28, 2013
DEBT	'
DEBT	'
	13. DEBT
	Foreign-Based Activity.  Due to the deconsolidation of STC during the second quarter of fiscal year 2013, the 1.1 million Swiss Franc short-term note entered into by STC on October 31, 2012 is no longer recognized on the Company’s condensed consolidated balance sheets as of September 28, 2013. See “Note 2-Acquisitions, Divestiture and Goodwill” for additional disclosures on the deconsolidation of STC.
	U.S.-Based Activity.  On May 17, 2013, the Company and certain of its subsidiaries entered into a five year Credit Agreement (the “Credit Agreement”) with (i) the lenders party thereto, (ii) Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent, swingline lender and issuing lender, (iii) Bank of America, N.A. and JPMorgan Chase Bank, N.A., as syndication agents, (iv) HSBC Bank USA, National Association and Fifth Third Bank, as documentation agents, and (v) Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC, as joint lead arrangers and bookrunners.  The Credit Agreement provides for revolving credit loans in the amount of $750 million (the “Revolver”), a swingline subfacility up to $20 million, an up to $10 million subfacility for letters of credit, and a term loan in the amount of $250 million (the “Term Loan”). The Credit Agreement expires and is due and payable on May 17, 2018. The Credit Agreement is guaranteed by all direct and indirect material domestic subsidiaries of the Company and is secured by 65% of the outstanding voting capital stock and 100% of the non-voting capital stock of the following foreign subsidiaries of the Company: Fossil Europe B.V., Swiss Technology Holding GmbH and Fossil (East) Limited. In connection with entering into the Credit Agreement, the Company paid upfront fees of approximately $4.8 million, which are being amortized over the life of the Credit Agreement.
	Amounts outstanding under the Revolver and Term Loan bear interest at the Company’s option of (i) the base rate (defined as the higher of (a) the prime rate publicly announced by Wells Fargo (3.25% at the end of the Third Quarter), (b) the federal funds rate plus 0.5% and (c) the London Interbank Offer Rate (“LIBOR”) (0.18% at the end of the Third Quarter) for an interest period of one month plus 1.0%) plus the base rate applicable margin (which varies based upon the Company’s consolidated leverage ratio (the “Ratio”) from 0.25% if the Ratio is less than 1.00 to 1.00, to 1.00% if the Ratio is greater than or equal to 2.00 to 1.00) or (ii) the LIBOR rate (defined as the quotient obtained by dividing (a) LIBOR by (b) 1.00 minus the Eurodollar reserve percentage) plus the LIBOR rate applicable margin (which varies based upon the Ratio from 1.25% if the Ratio is less than 1.00 to 1.00, to 2.00% if the Ratio is greater than or equal to 2.00 to 1.00). Amounts outstanding under the swingline loan under the Credit Agreement or upon any drawing under a letter of credit bear interest at the base rate plus the base rate applicable margin. Interest based upon the base rate is payable quarterly in arrears. Interest based upon the LIBOR rate is payable either monthly or quarterly in arrears, depending on the interest period selected by the Company. The Revolver also includes a commitment fee ranging from 0.20% to 0.35% for any amounts not drawn under the Revolver.
	The Credit Agreement replaced a credit agreement dated as of December 17, 2010, as amended, by and among the Company and certain of its subsidiaries, Wells Fargo Bank, National Association, as administrative agent, swingline lender and issuing lender, Wells Fargo Securities, LLC, as sole lead arranger and sole book manager and Bank of America, N.A., as lender, which was scheduled to mature on December 17, 2014 (the “Prior Credit Agreement”).  Under the Prior Credit Agreement, the Company incurred no interest during the Third Quarter and approximately $1.2 million of interest expense during the Year To Date Period.  Additionally, during the Year To Date Period, the Company had total borrowings of $346.5 million and repayments of $411.5 million, inclusive of the final payment of $248 million. The Company incurred approximately $0.8 million and $1.4 million of interest expense related to the Prior Credit Agreement during the Prior Year Quarter and Prior Year YTD Period, respectively. On May 17, 2013, the entire amount outstanding under the Prior Credit Agreement was repaid using funds borrowed under the Credit Agreement. No penalties or other early termination fees were incurred in connection with the termination of the Prior Credit Agreement.
	Loans under the Credit Agreement may be prepaid, in whole or in part, at the option of the Company, in minimum principal amounts of $2.0 million or increments of $1.0 million in excess thereof with respect to a base rate loan under the Revolver, $5.0 million or increments of $1.0 million in excess thereof with respect to a LIBOR rate loan under the Revolver and Term Loan, and $100,000 or increments of $100,000 in excess thereof with respect to a swingline loan. Loans under the Credit Agreement must be repaid with the net proceeds of certain asset sales, insurance and condemnation events. 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.
	Wells Fargo can accelerate the repayment obligation 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.
	During the Year To Date Period, the Company had borrowings of $250 million under the Term Loan which was used to pay off amounts outstanding under the Prior Credit Agreement and pay upfront fees related to the Credit Agreement. During the Year To Date Period, the Company also had borrowings of $363.1 million under the Revolver which was used primarily to fund common stock repurchases and normal operating expenses, and repayments of $142.1 million. As of September 28, 2013, $250.0 million and $221.0 million were outstanding under the Term Loan and the Revolver, respectively, of which $12.5 million was classified as short-term.  Amounts available under the Revolver are reduced by any amounts outstanding under standby letters of credit. As of September 28, 2013, the Company had available borrowings of approximately $527.9 million under the Revolver. The Company incurred approximately $1.0 million and $1.5 million of interest expense related to the Term Loan during the Third Quarter and Year To Date Period, respectively. The Company incurred approximately $0.6 million of interest expense related to the Revolver during each of the Third Quarter and Year To Date Period.
	Financial covenants in the Credit Agreement require the Company to maintain (i) a consolidated leverage ratio no greater than 2.50 to 1.00, (ii) a consolidated interest coverage ratio no less than 3.50 to 1.00, and (iii) maximum capital expenditures not in excess of (x) $200.0 million from the closing through the fiscal year ending 2013 and during each of fiscal years 2014 and 2015 and (y) $250.0 million during each fiscal year thereafter, subject to certain adjustments. The Credit Agreement contains representations, warranties, covenants, events of default and indemnities that are customary for agreements of this type. The Company was in compliance with all covenants in the Credit Agreement as of September 28, 2013 and during the Third Quarter.

FINANCIAL_STATEMENT_POLICIES_P

FINANCIAL STATEMENT POLICIES (Policies)	9 Months Ended
	Sep. 28, 2013
FINANCIAL STATEMENT POLICIES	'
Basis of Presentation	'
	Basis of Presentation. On May 22, 2013, the company changed its corporate name from “Fossil, Inc.” to “Fossil Group, Inc.” 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 28, 2013, and the results of operations for the thirteen week periods ended September 28, 2013 (“Third Quarter”) and September 29, 2012 (“Prior Year Quarter”), and the thirty-nine week periods ended September 28, 2013 (“Year To Date Period”) and September 29, 2012 (“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 29, 2012 (the “2012 Form 10-K”). Operating results for the Third Quarter and Year to Date Period 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 2012 Form 10-K.
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, sunglasses, soft accessories and clothing. 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’s derivative instruments consist of foreign exchange forward contracts and an interest rate swap.  The Company’s foreign subsidiaries periodically enter into foreign exchange forward contracts to hedge the future payment of intercompany inventory transactions denominated in U.S. dollars. If the Company’s foreign subsidiaries were to settle their contracts designated as cash flow hedges that were denominated in Euros, British Pounds, Canadian Dollars, Japanese Yen, Mexican Pesos, and Australian Dollars, the net result would have been a loss of approximately $3.3 million, net of taxes, as of September 28, 2013.  Also, the Company has entered into an interest rate swap agreement to effectively convert a portion of variable rate debt obligations from a floating rate to a fixed rate. The Company applies the hedge accounting rules as required by Accounting Standards Codification (“ASC”) 815, Derivatives and Hedging (“ASC 815”). See “Note 8—Derivatives and Risk Management” for additional disclosures about the Company’s use of derivatives.
Earnings Per Share ("EPS")	'
	Earnings 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				For the 39 Weeks Ended
		September		September		September		September
		28, 2013		29, 2012		28, 2013		29, 2012
	Numerator:
	Net income attributable to Fossil Group, Inc.	$	89,734	$	76,791	$	229,633	$	192,269
	Denominator:
	Basic EPS computation:
	Basic weighted average common shares outstanding	56,458		60,573		58,150		61,342
	Basic EPS	$	1.59	$	1.27	$	3.95	$	3.13
	Diluted EPS computation:
	Basic weighted average common shares outstanding	56,458		60,573		58,150		61,342
	Stock options, stock appreciation rights and restricted stock units	246		382		283		462
	Diluted weighted average common shares outstanding	56,704		60,955		58,433		61,804
	Diluted EPS	$	1.58	$	1.26	$	3.93	$	3.11
	Approximately 227,000, 252,000, 370,000 and 215,000 shares issuable under stock-based awards were not included in the diluted EPS calculation at the end of the Third Quarter, Year To Date Period, Prior Year Quarter and Prior Year YTD Period, respectively, because they were antidilutive.
Restricted Cash	'
	Restricted Cash. As of September 28, 2013 and December 29, 2012, the Company had short-term restricted cash balances of $41,000 and $0.3 million, respectively, and long-term restricted cash balances of $0.7 million and $1.0 million, respectively, primarily pledged as collateral to secure bank guarantees for the purpose of obtaining retail space.  Short-term restricted cash is reported in prepaid expenses and other current assets in the Company’s condensed consolidated balance sheets as a component of current assets.  Long-term restricted cash is reported in intangible and other assets-net in the Company’s condensed consolidated balance sheets as a component of long-term assets.

FINANCIAL_STATEMENT_POLICIES_T

FINANCIAL STATEMENT POLICIES (Tables)	9 Months Ended
	Sep. 28, 2013
FINANCIAL STATEMENT POLICIES	'
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				For the 39 Weeks Ended
		September		September		September		September
		28, 2013		29, 2012		28, 2013		29, 2012
	Numerator:
	Net income attributable to Fossil Group, Inc.	$	89,734	$	76,791	$	229,633	$	192,269
	Denominator:
	Basic EPS computation:
	Basic weighted average common shares outstanding	56,458		60,573		58,150		61,342
	Basic EPS	$	1.59	$	1.27	$	3.95	$	3.13
	Diluted EPS computation:
	Basic weighted average common shares outstanding	56,458		60,573		58,150		61,342
	Stock options, stock appreciation rights and restricted stock units	246		382		283		462
	Diluted weighted average common shares outstanding	56,704		60,955		58,433		61,804
	Diluted EPS	$	1.58	$	1.26	$	3.93	$	3.11

ACQUISITIONS_DIVESTITURE_AND_G1

ACQUISITIONS, DIVESTITURE AND GOODWILL (Tables)	9 Months Ended
	Sep. 28, 2013
ACQUISITIONS, DIVESTITURE AND GOODWILL	'
Schedule of recognized identified assets acquired and liabilities assumed	'
	The following table summarizes the allocation of the purchase price to the fair value of the assets acquired and the liabilities assumed as of April 2, 2012, the effective date of the acquisition (in thousands):
	Cash paid, net of cash acquired	$	229,012
	Value of common stock issued	19,899
	Contingent consideration	9,950
	Total transaction consideration:	$	258,861
	Accounts receivable	$	16,595
	Inventories	22,638
	Prepaid expenses and other current assets	3,306
	Property, plant and equipment	4,232
	Goodwill	140,387
	Trade name	64,700
	Customer lists	24,400
	Patents	1,500
	Noncompete agreement	1,900
	Other long-term assets	2,972
	Current liabilities	(20,840		)
	Long-term liabilities	(2,929		)
	Total net assets acquired	$	258,861
Pro forma financial information	'
	The following table presents the unaudited pro forma financial information (in thousands, except per share data):
		For the 39
		Weeks Ended
		September 29,
		2012
	Net sales	$	1,940,251
	Net income attributable to Fossil Group, Inc.	197,861
	Earnings per share:
	Basic	$	3.23
	Diluted	$	3.2
Schedule of changes in the carrying amount of goodwill	'
	The changes in the carrying amount of goodwill, which is not subject to amortization, were as follows (in thousands):
		North			Europe		Asia			Total
		America			wholesale		Pacific
		wholesale					wholesale
	Balance at December 29, 2012	$	109,270		$	63,884	$	11,639		$	184,793
	Acquisitions	8,265			10,641		0			18,906
	Foreign currency changes	(19		)	1,322		(27		)	1,276
	Balance at September 28, 2013	$	117,516		$	75,847	$	11,612		$	204,975

INVENTORIES_Tables

INVENTORIES (Tables)	9 Months Ended
	Sep. 28, 2013
INVENTORIES	'
Schedule of inventories	'
	Inventories consisted of the following (in thousands):
		September 28,		December 29,
		2013		2012
	Components and parts	$	49,658	$	62,731
	Work-in-process	9,600		8,071
	Finished goods	597,327		435,512
	Inventories	$	656,585	$	506,314

WARRANTY_RESERVE_Tables

WARRANTY RESERVE (Tables)	9 Months Ended
	Sep. 28, 2013
WARRANTY RESERVE	'
Schedule of warranty liability activity	'
	Warranty liability activity consisted of the following (in thousands):
		For the 39 Weeks Ended
		September 28, 2013			September 29, 2012
	Beginning balance	$	13,383		$	10,996
	Settlements in cash or kind	(7,624		)	(4,591		)
	Warranties issued and adjustments to preexisting warranties (1)	8,622			6,561
	Liabilities assumed in acquisition	340			595
	Ending balance	$	14,721		$	13,561
	(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. 28, 2013
INCOME TAXES	'
Schedule of income tax expense and related effective rate	'
	The Company’s income tax expense and related effective rate were as follows (in thousands, except percentage data):
		For the 13 Weeks Ended						For the 39 Weeks Ended
		September 28, 2013			September 29, 2012			September 28, 2013			September 29, 2012
	Income tax expense	$	45,881		$	33,984		$	108,604		$	85,213
	Income tax rate	33.2		%	29.8		%	31.4		%	29.7		%

STOCKHOLDERS_EQUITY_AND_BENEFI1

STOCKHOLDERS' EQUITY AND BENEFIT PLANS (Tables)	9 Months Ended
	Sep. 28, 2013
STOCKHOLDERS' EQUITY AND BENEFIT PLANS	'
Schedule of common stock repurchase activity	'
	The following table reflects the Company’s common stock repurchase activity for the periods indicated (in millions):
							For the 13 Weeks Ended					For the 39 Weeks Ended
							September 28, 2013					September 28, 2013
	Fiscal Year Authorized	Dollar Value			Termination Date		Number of		Dollar Value			Number of		Dollar Value
		Authorized					Shares		Repurchased			Shares		Repurchased
							Repurchased					Repurchased
	2012	$	1,000.00		December 2016		2		$	228.2		3.9		$	415.4
	2010	$	30		None		0		$	0		0		$	0
	2010	$	750		December 2013(1)		0		$	0		0.4		$	38.6
	(1)         In the first quarter of fiscal year 2013, the Company completed this repurchase plan.
Summary of stock options and stock appreciation rights activity	'
	Stock Options and Stock Appreciation Rights	Number of		Weighted-			Weighted-		Aggregate
		Shares		Average			Average		Intrinsic
				Exercise Price			Remaining		Value
							Contractual
							Term
							(Years)
		in thousands							in thousands
	Outstanding at June 29, 2013	823		$	72.14		6.3		$	31,815
	Granted	3		108.15
	Exercised	(49	)	39.05					3,934
	Forfeited or expired	(28	)	101.5
	Outstanding at September 28, 2013	749		73.42			6.2		34,909
	Exercisable at September 28, 2013	451		$	56.95		5.4		$	27,838
Summary of stock options and stock appreciation rights outstanding and exercisable	'
	The following table summarizes information with respect to stock options and stock appreciation rights outstanding and exercisable at September 28, 2013:
		Stock Options Outstanding							Stock Options Exercisable
							Weighted-
				Weighted-			Average				Weighted-
				Average			Remaining				Average
		Number of		Exercise			Contractual		Number of		Exercise
	Range of Exercise Prices	Shares		Price			Term (Years)		Shares		Price
		in thousands							in thousands
	$13.65 - $21.51	89		$	15.38		4.6		68		$	15.93
	$21.51 - $34.59	82		28.7			3.1		82		28.7
	$34.59 - $67.10	85		39.66			5.9		85		39.66
	$67.10 - $106.40	126		81.04			7.5		71		80.85
	$106.40 - $131.46	184		128.08			8.3		66		128.08
	Total	566		$	72.16		6.4		372		$	56.42
		Stock Appreciation Rights Outstanding							Stock Appreciation Rights Exercisable
							Weighted-
				Weighted-			Average				Weighted-
				Average			Remaining				Average
		Number of		Exercise			Contractual		Number of		Exercise
	Range of Exercise Prices	Shares		Price			Term (Years)		Shares		Price
		in thousands							in thousands
	$13.65 - $21.51	23		$	13.65		3.5		9		$	13.65
	$21.51 - $34.59	20		29.13			2.3		20		29.13
	$34.59 - $67.10	24		41.31			4.7		21		39.46
	$67.10 - $106.40	69		92.37			6.7		11		81.23
	$106.40 - $131.46	47		126.4			6.2		18		127.95
	Total	183		$	77.29		5.4		79		$	59.39
Summary of restricted stock and restricted stock unit activity	'
				Weighted-Average
		Number of		Grant Date Fair
	Restricted Stock and Restricted Stock Units	Shares		Value
		in thousands
	Nonvested at June 29, 2013	221		$	96.47
	Granted	19		110.91
	Vested	(6	)	69.73
	Forfeited	(9	)	91.76
	Nonvested at September 28, 2013	225		$	98.61
Schedule of changes in balances of each component of accumulated other comprehensive income, net of taxes	'
	The following table illustrates changes in the balances of each component of accumulated other comprehensive income, net of taxes (in thousands):
		For the 13 Weeks Ended September 28, 2013
		Currency			Securities			Forward			Interest Rate			Total
		Translation			Available for			Contracts			Swap
		Adjustments			Sale
	Beginning balance	$	13,328		$	(558	)	$	4,044		$	0		$	16,814
	Other comprehensive income (loss) before reclassifications, net of tax benefit of $4,457	19,277			558			(4,733		)	(922		)	14,180
	Amounts reclassed from accumulated other comprehensive income, net of tax expense of $31	0			0			326			(290		)	36
	Total other comprehensive income (loss)	19,277			558			(5,059		)	(632		)	14,144
	Ending balance	$	32,605		$	0		$	(1,015	)	$	(632	)	$	30,958
		For the 13 Weeks Ended September 29, 2012
		Currency			Securities			Forward			Interest Rate			Total
		Translation			Available for			Contracts			Swap
		Adjustments			Sale
	Beginning balance	$	13,343		$	(417	)	$	4,581		$	0		$	17,507
	Other comprehensive income (loss) before reclassifications, net of tax benefit of $1,849	12,249			(4		)	(121		)	0			12,124
	Amounts reclassed from accumulated other comprehensive income, net of tax expense of $973	0			0			1,862			0			1,862
	Total other comprehensive income (loss)	12,249			(4		)	(1,983		)	0			10,262
	Ending balance	$	25,592		$	(421	)	$	2,598		$	0		$	27,769
		For the 39 Weeks Ended September 28, 2013
		Currency			Securities			Forward			Interest Rate			Total
		Translation			Available for			Contracts			Swap
		Adjustments			Sale
	Beginning balance	$	30,181		$	(475	)	$	(946	)	$	0		$	28,760
	Other comprehensive income (loss) before reclassifications, net of tax benefit of $651	2,424			475			1,055			(922		)	3,032
	Amounts reclassed from accumulated other comprehensive income, net of tax expense of $623	0			0			1,124			(290		)	834
	Total other comprehensive income (loss)	2,424			475			(69		)	(632		)	2,198
	Ending balance	$	32,605		$	0		$	(1,015	)	$	(632	)	$	30,958
		For the 39 Weeks Ended September 29, 2012
		Currency			Securities			Forward			Interest Rate			Total
		Translation			Available for			Contracts			Swap
		Adjustments			Sale
	Beginning balance	$	18,953		$	(446	)	$	3,673		$	0		$	22,180
	Other comprehensive income (loss) before reclassifications, net of tax expense of $133	6,639			25			3,090			0			9,754
	Amounts reclassed from accumulated other comprehensive income, net of tax expense of $2,138	0			0			4,165			0			4,165
	Total other comprehensive income (loss)	6,639			25			(1,075		)	0			5,589
	Ending balance	$	25,592		$	(421	)	$	2,598		$	0		$	27,769

SEGMENT_INFORMATION_Tables

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 28, 2013
SEGMENT INFORMATION	'
Summary information by operating segment	'
	Summary information by operating segment was as follows (in thousands):
		For the 13 Weeks Ended						For the 13 Weeks Ended
		September 28, 2013						September 29, 2012
		Net Sales			Operating			Net Sales			Operating
					Income						Income
	North America wholesale:
	External customers	$	300,707		$	76,689		$	253,997		$	55,328
	Intersegment	54,318						44,891
	Europe wholesale:
	External customers	209,507			56,180			163,453			39,267
	Intersegment	51,888						43,913
	Asia Pacific wholesale:
	External customers	104,835			36,046			97,636			36,258
	Intersegment	287,100						254,841
	Direct to consumer	195,347			18,567			169,084			22,865
	Intersegment items	(393,306		)				(343,645		)
	Corporate				(46,450		)				(40,631		)
	Consolidated	$	810,396		$	141,032		$	684,170		$	113,087
		For the 39 Weeks Ended						For the 39 Weeks Ended
		September 28, 2013						September 29, 2012
		Net Sales			Operating			Net Sales			Operating
					Income						Income
	North America wholesale:
	External customers	$	816,565		$	203,418		$	728,808		$	154,695
	Intersegment	149,280						133,770
	Europe wholesale:
	External customers	554,171			131,178			464,114			$	101,899
	Intersegment	131,289						113,126
	Asia Pacific wholesale:
	External customers	287,798			94,069			258,689			$	95,062
	Intersegment	742,190						582,559
	Direct to consumer	539,010			41,784			458,196			$	46,957
	Intersegment items	(1,022,759		)				(829,455		)
	Corporate				(128,148		)				(114,568		)
	Consolidated	$	2,197,544		$	342,301		$	1,909,807		$	284,045
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					For the 13 Weeks Ended
		September 28, 2013					September 29, 2012
		Net Sales			Percentage		Net Sales			Percentage
					of Total					of Total
	Watches	$	619,087		76.4	%	$	516,994		75.6	%
	Leathers	114,692			14.1		106,976			15.6
	Jewelry	57,320			7.1		39,973			5.8
	Other	19,297			2.4		20,227			3
	Total	$	810,396		100	%	$	684,170		100	%
		For the 39 Weeks Ended					For the 39 Weeks Ended
		September 28, 2013					September 29, 2012
		Net Sales			Percentage		Net Sales			Percentage
					of Total					of Total
	Watches	$	1,679,329		76.4	%	$	1,412,181		74	%
	Leathers	309,228			14.1		307,931			16.1
	Jewelry	146,677			6.7		116,903			6.1
	Other	62,310			2.8		72,792			3.8
	Total	$	2,197,544		100	%	$	1,909,807		100	%

DERIVATIVES_AND_RISK_MANAGEMEN1

DERIVATIVES AND RISK MANAGEMENT (Tables)

9 Months Ended

Sep. 28, 2013

Derivatives

'

Schedule of outstanding forward contracts

'

As of September 28, 2013, the Company had the following outstanding forward contracts that were entered into to hedge the future payments of intercompany inventory transactions (in millions):

Functional Currency

Contract Currency

Type

Amount

Type

Amount

Euro

175.8

U.S. Dollar

231.6

British Pound

21.7

U.S. Dollar

33.7

Canadian Dollar

31

U.S. Dollar

30.1

Japanese Yen

2,342.00

U.S. Dollar

25.6

Mexican Peso

166

U.S. Dollar

12.8

Australian Dollar

12.1

U.S. Dollar

11.4

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 derivative instruments that was recognized in other comprehensive income (loss), net of taxes during the Third Quarter, Prior Year Quarter, Year To Date Period and the Prior Year YTD Period is set forth below (in thousands):

Derivatives Designated as Cash

For the 13 Weeks

For the 13 Weeks

Ended

Ended

Flow Hedges Under ASC 815

September 28, 2013

September 29, 2012

Foreign exchange forward contracts

$

(4,733

)

$

(121

)

Interest rate swap

(922

)

0

Total loss recognized in other comprehensive income

$

(5,655

)

$

(121

)

For the 39 Weeks

For the 39 Weeks

Derivatives Designated as Cash

Ended

Ended

Flow Hedges Under ASC 815

September 28, 2013

September 29, 2012

Foreign exchange forward contracts

$

1,055

$

3,090

Interest rate swap

(922

)

0

Total gain recognized in other comprehensive income

$

133

$

3,090

Schedule of effective portion of gains and losses on derivative instruments recorded in 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

'

The following table illustrates the effective portion of gains and losses on derivative instruments recorded in 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):

Condensed

Consolidated

Statements of

For the 13 Weeks

For the 13 Weeks

Comprehensive

Derivative Contracts Under

Income

Ended

Ended

ASC 815

Location

September 28, 2013

September 29, 2012

Foreign exchange contracts designated as cash flow hedging instruments

Other income-net

Total gain reclassified from other comprehensive income

$

326

$

1,862

Foreign exchange contracts not designated as hedging instruments

Other income-net

Total gain (loss) recognized in income

$

0

$

0

Interest rate swap designated as cash flow hedging instruments

Interest expense

Total loss reclassified from other comprehensive income

$

(290

)

$

0

Condensed

Consolidated

Statements of

For the 39 Weeks

For the 39 Weeks

Derivative Contracts Under

Comprehensive

Ended September 28,

Ended September 29,

ASC 815

Income Location

2013

2012

Foreign exchange contracts designated as cash flow hedging instruments

Other income-net

Total gain reclassified from other comprehensive income

$

1,124

$

4,165

Foreign exchange contracts not designated as hedging instruments

Other income-net

Total (loss) recognized in income

$

(74

)

$

0

Interest rate swap designated as cash flow hedging instruments

Interest expense

Total loss reclassified from other comprehensive income

$

(290

)

$

0

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 28, 2013

December 29, 2012

September 28, 2013

December 29, 2012

Condensed

Condensed

Condensed

Condensed

Consolidated

Consolidated

Consolidated

Consolidated

Derivative Contracts Under

Balance

Fair

Balance

Fair

Balance

Fair

Balance

Fair

ASC 815

Sheets Location

Value

Sheets Location

Value

Sheets Location

Value

Sheets Location

Value

Foreign exchange contracts designated as cash flow hedging instruments

Prepaid expenses and other current assets

$

2,893

Prepaid expenses and other current assets

$

2,336

Accrued expenses- other

$

6,857

Accrued expenses- other

$

4,560

Interest rate contracts designated as cash flow hedging instruments

Prepaid expenses and other current assets

0

Prepaid expenses and other current assets

0

Accrued expenses- other

219

Accrued expenses- other

0

Foreign exchange contracts designated as cash flow hedging instruments

Intangible and other assets- net

49

Intangible and other assets- net

240

Other long-term liabilities

1,065

Other long-term liabilities

582

Interest rate contracts designated as cash flow hedging instruments

Intangible and other assets- net

0

Intangible and other assets- net

0

Other long-term liabilities

784

Other long-term liabilities

0

Total

$

2,942

$

2,576

$

8,925

$

5,142

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 28, 2013
FAIR VALUE MEASUREMENTS	'
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 28, 2013 (in thousands):
		Fair Value at September 28, 2013
		Level 1		Level 2		Level 3		Total
	Assets:
	Forward contracts	$	0	$	2,942	$	0	$	2,942
	Deferred compensation plan assets:
	Investment in publicly traded mutual funds	2,329		0		0		2,329
	Total	$	2,329	$	2,942	$	0	$	5,271
	Liabilities:
	Contingent consideration	$	0	$	0	$	7,936	$	7,936
	Forward contracts	0		7,922		0		7,922
	Interest rate swaps	0		1,003		0		1,003
	Total	$	0	$	8,925	$	7,936	$	16,861
	The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 29, 2012 (in thousands):
		Fair Value at December 29, 2012
		Level 1		Level 2		Level 3		Total
	Assets:
	Securities available for sale:
	Investments in publicly traded equity securities	$	127	$	0	$	0	$	127
	Forward contracts	0		2,576		0		2,576
	Deferred compensation plan assets:
	Investment in publicly traded mutual funds	3,188		0		0		3,188
	Total	$	3,315	$	2,576	$	0	$	5,891
	Liabilities:
	Forward contracts	$	0	$	5,142	$	0	$	5,142
	Total	$	0	$	5,142	$	0	$	5,142

CONTROLLING_AND_NONCONTROLLING1

CONTROLLING AND NONCONTROLLING INTEREST (Tables)	9 Months Ended
	Sep. 28, 2013
CONTROLLING AND NONCONTROLLING INTEREST	'
Summary of changes in equity attributable to controlling and noncontrolling interest	'
	The following tables summarize the changes in equity attributable to controlling and noncontrolling interest (in thousands):
		Fossil Group, Inc.						Total
		Stockholders’			Noncontrolling			Stockholders’
		Equity			Interest			Equity
	Balance at December 29, 2012	$	1,233,535		$	6,929		$	1,240,464
	Net income	229,633			7,130			236,763
	Currency translation adjustments	2,424			0			2,424
	Unrealized gain on securities available for sale	475			0			475
	Forward contracts hedging intercompany foreign currency payments - change in fair values	(69		)	0			(69		)
	Interest rate swap hedges - change in fair values	(632		)	0			(632		)
	Common stock issued upon exercise of stock options and stock appreciation rights	6,203			0			6,203
	Tax benefit derived from stock-based compensation	7,204			0			7,204
	Distribution of noncontrolling interest earnings	0			(4,679		)	(4,679		)
	Acquisition of common stock	(460,413		)	0			(460,413		)
	Stock-based compensation expense	11,062			0			11,062
	Balance at September 28, 2013	$	1,029,422		$	9,380		$	1,038,802
		Fossil Group, Inc.						Total
		Stockholders’			Noncontrolling			Stockholders’
		Equity			Interest			Equity
	Balance at December 31, 2011	$	1,105,929		$	10,917		$	1,116,846
	Net income	192,269			9,068			201,337
	Currency translation adjustments	6,639			0			6,639
	Unrealized gain on securities available for sale	25			0			25
	Forward contracts hedging intercompany foreign currency payments - change in fair values	(1,075		)	0			(1,075		)
	Common stock issued upon exercise of stock options and stock appreciation rights	5,279			0			5,279
	Tax benefit derived from stock-based compensation	11,223			0			11,223
	Distribution of noncontrolling interest earnings	0			(4,406		)	(4,406		)
	Business acquisitions	19,899			81			19,980
	Acquisition of common stock	(205,631		)	0			(205,631		)
	Stock-based compensation expense	12,858			0			12,858
	Balance at September 29, 2012	$	1,147,415		$	15,660		$	1,163,075

INTANGIBLE_AND_OTHER_ASSETS_Ta

INTANGIBLE AND OTHER ASSETS (Tables)	9 Months Ended
	Sep. 28, 2013
INTANGIBLE AND OTHER ASSETS	'
Schedule of intangible and other assets	'
	The following table summarizes intangible and other assets (in thousands):
				September 28, 2013				December 29, 2012
		Useful		Gross		Accumulated		Gross		Accumulated
		Lives		Amount		Amortization		Amount		Amortization
	Intangibles-subject to amortization:
	Trademarks	10 yrs.		$	4,175	$	2,628	$	4,135	$	2,400
	Customer lists	5-10 yrs.		42,996		13,013		32,144		9,980
	Patents	3-20 yrs.		2,273		1,224		2,273		815
	Noncompete agreement	6 yrs.		1,905		476		1,895		237
	Other	7-20 yrs.		261		203		258		194
	Total intangibles-subject to amortization			51,610		17,544		40,705		13,626
	Intangibles-not subject to amortization:
	Trade names			83,650				83,647
	Other assets:
	Key money deposits			35,081		15,884		35,655		14,060
	Other deposits			21,924				17,591
	Deferred compensation plan assets			2,329				3,188
	Deferred tax asset-net			6,149				6,536
	Restricted cash			702				991
	Shop-in-shop			14,303		6,958		11,396		5,297
	Other			2,753		0		3,948		1
	Total other assets			83,241		22,842		79,305		19,358
	Total intangible and other assets			$	218,501	$	40,386	$	203,657	$	32,984
	Total intangible and other assets-net					$	178,115			$	170,673
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):
		Amortization
		Expense
	2013 (remaining)	$	1,285
	2014	5,147
	2015	4,755
	2016	4,616
	2017	4,358
	2018		3,993

FINANCIAL_STATEMENT_POLICIES_D

FINANCIAL STATEMENT POLICIES (Details) (USD $)	Sep. 28, 2013
In Millions, unless otherwise specified
FINANCIAL STATEMENT POLICIES	'
Foreign contract derivative net of taxes, loss	$3.30

FINANCIAL_STATEMENT_POLICIES_D1

FINANCIAL STATEMENT POLICIES (Details 2) (USD $)	3 Months Ended		9 Months Ended
	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012	Dec. 29, 2012
Numerator:	'	'	'	'	'
Net income attributable to Fossil Group, Inc.	$89,734,000	$76,791,000	$229,633,000	$192,269,000	'
Denominator:	'	'	'	'	'
Basic weighted average common shares outstanding	56,458,000	60,573,000	58,150,000	61,342,000	'
Basic EPS (in dollars per share)	$1.59	$1.27	$3.95	$3.13	'
Diluted EPS computation:	'	'	'	'	'
Basic weighted average common shares outstanding	56,458,000	60,573,000	58,150,000	61,342,000	'
Stock options, stock appreciation rights and restricted stock units (in shares)	246,000	382,000	283,000	462,000	'
Diluted weighted average common shares outstanding	56,704,000	60,955,000	58,433,000	61,804,000	'
Diluted EPS (in dollars per share)	$1.58	$1.26	$3.93	$3.11	'
Other EPS Disclosures	'	'	'	'	'
Shares issuable under stock-based awards not included in the diluted EPS calculation	227,000	370,000	252,000	215,000	'
Restricted cash disclosures	'	'	'	'	'
Short-term restricted cash	41,000	'	41,000	'	300,000
Long term restricted cash	$700,000	'	$700,000	'	$1,000,000

ACQUISITIONS_DIVESTITURE_AND_G2

ACQUISITIONS, DIVESTITURE AND GOODWILL (Details) (USD $)	0 Months Ended	3 Months Ended	9 Months Ended		12 Months Ended
	Apr. 02, 2012	Mar. 31, 2012	Sep. 28, 2013	Dec. 29, 2012	Dec. 29, 2012	Dec. 31, 2011
Revolver	'	'	'	'	'	'
Business Acquisition	'	'	'	'	'	'
Borrowings under the revolving line of credit utilized to fund the cash purchase price	'	'	$363,100,000	'	'	'
Skagen Designs	'	'	'	'	'	'
Business Acquisition	'	'	'	'	'	'
Business Acquisition, cash	231,700,000	'	'	'	'	'
Common stock number of shares issued or issuable	150,000	'	'	'	'	'
Common Stock Valued	19,900,000	'	'	'	'	'
Contingent consideration liability at acquisition date	9,900,000	'	'	'	'	'
Contingent consideration liability at end of period	'	'	0	0	0	'
Fair value of contingent consideration liability during the period resulting increase (decrease) operating expenses	'	'	'	'	9,900,000	'
Acquisition related cost	'	600,000	0	8,200,000	'	600,000
Skagen Designs | Revolver	'	'	'	'	'	'
Business Acquisition	'	'	'	'	'	'
Borrowings under the revolving line of credit utilized to fund the cash purchase price	$200,000,000	'	'	'	'	'
Skagen Designs | Contingent equity consideration | Issuable | Maximum	'	'	'	'	'	'
Business Acquisition	'	'	'	'	'	'
Common stock number of shares issued or issuable	100,000	'	'	'	'	'

ACQUISITIONS_DIVESTITURE_AND_G3

ACQUISITIONS, DIVESTITURE AND GOODWILL (Details 2) (USD $)

9 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

9 Months Ended

9 Months Ended

9 Months Ended

Sep. 28, 2013

Sep. 29, 2012

Dec. 29, 2012

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Apr. 02, 2012

Sep. 29, 2012

Sep. 28, 2013

Apr. 02, 2012

Sep. 28, 2013

Sep. 28, 2013

Apr. 02, 2012

Sep. 28, 2013

Sep. 28, 2013

Apr. 02, 2012

Sep. 28, 2013

Sep. 28, 2013

Apr. 02, 2012

Customer lists

Customer lists

Patents

Patents

Noncompete agreement

Skagen Designs

Skagen Designs

Skagen Designs

Skagen Designs

Skagen Designs

Skagen Designs

Skagen Designs

Skagen Designs

Skagen Designs

Skagen Designs

Skagen Designs

Skagen Designs

Skagen Designs

Minimum Range

Maximum Range

Minimum Range

Maximum Range

Customer lists

Customer lists

Customer lists

Patents

Patents

Patents

Noncompete agreement

Noncompete agreement

Noncompete agreement

Trade name

Minimum Range

Maximum Range

Minimum Range

Maximum Range

Minimum Range

Maximum Range

Allocation of purchase price:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cash paid, net of cash acquired

$14,896,000

$229,151,000

'

'

'

'

'

'

$229,012,000

'

'

'

'

'

'

'

'

'

'

'

'

Value of common stock issued

'

'

'

'

'

'

'

'

19,899,000

'

'

'

'

'

'

'

'

'

'

'

'

Contingent Consideration

'

'

'

'

'

'

'

'

9,950,000

'

'

'

'

'

'

'

'

'

'

'

'

Total transaction consideration

'

'

'

'

'

'

'

'

258,861,000

'

'

'

'

'

'

'

'

'

'

'

'

Accounts receivable

'

'

'

'

'

'

'

'

16,595,000

'

'

'

'

'

'

'

'

'

'

'

'

Inventories

'

'

'

'

'

'

'

'

22,638,000

'

'

'

'

'

'

'

'

'

'

'

'

Prepaid expenses and other current assets

'

'

'

'

'

'

'

'

3,306,000

'

'

'

'

'

'

'

'

'

'

'

'

Property, plant and equipment

'

'

'

'

'

'

'

'

4,232,000

'

'

'

'

'

'

'

'

'

'

'

'

Goodwill

204,975,000

'

184,793,000

'

'

'

'

'

140,387,000

'

'

'

'

'

'

'

'

'

'

'

'

Tradename

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

64,700,000

Intangible assets

'

'

'

'

'

'

'

'

'

'

'

24,400,000

'

'

1,500,000

'

'

1,900,000

'

'

'

Other long-term assets

'

'

'

'

'

'

'

'

2,972,000

'

'

'

'

'

'

'

'

'

'

'

'

Current liabilities

'

'

'

'

'

'

'

'

-20,840,000

'

'

'

'

'

'

'

'

'

'

'

'

Long-term liabilities

'

'

'

'

'

'

'

'

-2,929,000

'

'

'

'

'

'

'

'

'

'

'

'

Total net assets acquired

'

'

'

'

'

'

'

'

258,861,000

'

'

'

'

'

'

'

'

'

'

'

'

Amortization period

'

'

'

'5 years

'10 years

'3 years

'20 years

'6 years

'

'

'

'

'3 years

'9 years

'

'3 years

'9 years

'

'3 years

'9 years

'

Goodwill expected to be deductible for tax purposes

'

'

'

'

'

'

'

'

'

'

133,800,000

'

'

'

'

'

'

'

'

'

'

Business acquisition Pro Forma information

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net sales

'

'

'

'

'

'

'

'

'

1,940,251,000

'

'

'

'

'

'

'

'

'

'

'

Net income attributable to Fossil Group, Inc.

'

'

'

'

'

'

'

'

'

$197,861,000

'

'

'

'

'

'

'

'

'

'

'

Basic (in dollars per share)

'

'

'

'

'

'

'

'

'

$3.23

'

'

'

'

'

'

'

'

'

'

'

Diluted (in dollars per share)

'

'

'

'

'

'

'

'

'

$3.20

'

'

'

'

'

'

'

'

'

'

'

ACQUISITIONS_DIVESTITURE_AND_G4

ACQUISITIONS, DIVESTITURE AND GOODWILL (Details 3)

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

Sep. 28, 2013

Sep. 29, 2012

Dec. 29, 2012

Dec. 31, 2012

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Aug. 10, 2012

Dec. 29, 2012

Dec. 29, 2012

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Apr. 24, 2013

USD ($)

USD ($)

USD ($)

Bentrani

Fossil Spain

Fossil Spain

Fossil Spain

Fossil Spain

Fossil Spain

Fossil Spain

Fossil Spain

Fossil Spain

Fossil Spain

Fossil Spain

Fossil Spain

Fossil Spain

STC

USD ($)

USD ($)

Accrued expenses - other

Accrued expenses - other

Other long-term liabilities

Other long-term liabilities

General De Relojeria

General De Relojeria

General De Relojeria

General De Relojeria

General De Relojeria

General De Relojeria

General De Relojeria

Swiss Technology Holding GmbH

item

USD ($)

EUR (€)

USD ($)

EUR (€)

USD ($)

EUR (€)

Minimum

Minimum

Maximum

Maximum

USD ($)

EUR (€)

USD ($)

EUR (€)

Business Acquisition

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Voting interest that may be acquired upon expiration of joint venture agreement (as a percent)

'

'

'

'

'

'

'

'

'

50.00%

'

'

'

'

'

'

'

Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net

$6,510,000

$0

'

'

$6,500,000

'

'

'

'

'

'

'

'

'

'

'

'

Recorded goodwill related to acquisition

204,975,000

'

184,793,000

8,300,000

10,600,000

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of net book value used in the calculation of the fixed purchase price component

'

'

'

'

'

'

'

'

'

'

50.00%

50.00%

'

'

'

'

'

Fixed portion of purchase price for the shares

'

'

'

'

'

'

'

'

'

'

6,800,000

5,200,000

'

'

'

'

'

Variable price

'

'

'

'

'

'

'

'

'

'

7,800,000

5,900,000

2,600,000

2,000,000

4,600,000

3,500,000

'

Contingent consideration recorded in accrued expenses - other

'

'

'

'

'

3,000,000

2,200,000

12,000,000

8,900,000

'

'

'

'

'

'

'

'

Number of Latin American countries in which Bentrani is a distributor

'

'

'

16

'

'

'

'

'

'

'

'

'

'

'

'

'

Period of partnership with Company

'

'

'

'10 years

'

'

'

'

'

'

'

'

'

'

'

'

'

Total transaction consideration

'

'

'

26,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Purchase price paid in cash

'

'

'

18,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Payable forgiven

'

'

'

$7,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Sale of stock in subsidiary (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

80.00%

ACQUISITIONS_DIVESTITURE_AND_G5

ACQUISITIONS, DIVESTITURE AND GOODWILL (Details 4) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013
Changes in carrying amount of goodwill	'
Beginning Balance	$184,793
Acquisitions	18,906
Foreign currency changes	1,276
Ending Balance	204,975
North America wholesale	'
Changes in carrying amount of goodwill	'
Beginning Balance	109,270
Acquisitions	8,265
Foreign currency changes	-19
Ending Balance	117,516
Europe wholesale	'
Changes in carrying amount of goodwill	'
Beginning Balance	63,884
Acquisitions	10,641
Foreign currency changes	1,322
Ending Balance	75,847
Asia Pacific wholesale	'
Changes in carrying amount of goodwill	'
Beginning Balance	11,639
Acquisitions	0
Foreign currency changes	-27
Ending Balance	$11,612

INVENTORIES_Details

INVENTORIES (Details) (USD $)	Sep. 28, 2013	Dec. 29, 2012
In Thousands, unless otherwise specified
INVENTORIES	'	'
Components and parts	$49,658	$62,731
Work-in-process	9,600	8,071
Finished goods	597,327	435,512
Inventories	$656,585	$506,314

WARRANTY_RESERVE_Details

WARRANTY RESERVE (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012
Warranty liability activity	'	'
Beginning balance	$13,383	$10,996
Settlements in cash or kind	-7,624	-4,591
Warranties issued and adjustments to preexisting warranties	8,622	6,561
Liabilities assumed in acquisition	340	595
Ending balance	$14,721	$13,561
FOSSIL watch products	'	'
Warranty reserve	'	'
Warranty period	'11 years	'
RELIC watch products	'	'
Warranty reserve	'	'
Warranty period	'12 years	'
Other watch products	'	'
Warranty reserve	'	'
Warranty period	'2 years	'

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
INCOME TAXES	'	'	'	'
Income tax expense	$45,881,000	$33,984,000	$108,604,000	$85,213,000
Income tax rate (as a percent)	33.20%	29.80%	31.40%	29.70%
Unrecognized tax benefits	200,000	'	200,000	'
Unrecognized tax benefits that would impact effective tax rate	6,100,000	'	6,100,000	'
Unrecognized tax benefits excluding interest and penalties	10,000,000	'	10,000,000	'
Total amount of accrued income tax-related interest	1,000,000	'	1,000,000	'
Penalties accrued	300,000	'	300,000	'
Accrued income tax-related interest expense	$100,000	'	'	'

STOCKHOLDERS_EQUITY_AND_BENEFI2

STOCKHOLDERS' EQUITY AND BENEFIT PLANS (Details) (USD $)	3 Months Ended	9 Months Ended
Share data in Millions, unless otherwise specified	Sep. 28, 2013	Sep. 28, 2013
Stock repurchase plans	'	'
Common Stock Repurchase Programs	'	'
Authorizations remaining	'	$614,600,000
Stock repurchase plans | Common stock	'	'
Common Stock Repurchase Programs	'	'
Treasury stock effectively retired (in shares)	'	4.3
Treasury stock effectively retired	'	42,700
Stock repurchase plans | Additional paid-in capital	'	'
Common Stock Repurchase Programs	'	'
Treasury stock effectively retired	'	6,200,000
Stock repurchase plans | Retained earnings	'	'
Common Stock Repurchase Programs	'	'
Treasury stock effectively retired	'	447,700,000
Stock repurchase plans | Treasury stock	'	'
Common Stock Repurchase Programs	'	'
Treasury stock effectively retired	'	454,000,000
Repurchase program with termination date of December 2016	'	'
Common Stock Repurchase Programs	'	'
Common stock authorized amount, value	'	1,000,000,000
Common stock repurchased, value	228,200,000	415,400,000
Number of Shares Repurchased	2	3.9
Share repurchase plan with no termination date	'	'
Common Stock Repurchase Programs	'	'
Common stock authorized amount, value	'	30,000,000
Common stock repurchased, value	0	0
Number of Shares Repurchased	0	0
Share repurchase plan with December 2013 termination date	'	'
Common Stock Repurchase Programs	'	'
Common stock authorized amount, value	'	750,000,000
Common stock repurchased, value	$0	$38,600,000
Number of Shares Repurchased	0	0.4

STOCKHOLDERS_EQUITY_AND_BENEFI3

STOCKHOLDERS' EQUITY AND BENEFIT PLANS (Details 2) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 28, 2013	Jun. 29, 2013
Number of Shares	'	'
Beginning Balance, Shares	823	'
Granted (in shares)	3	'
Exercised (in shares)	-49	'
Forfeited or expired (in shares)	-28	'
Ending Balance, Shares	749	823
Exercisable at end of period (in shares)	451	'
Weighted-Average Exercise Price Per Share	'	'
Beginning Balance, Weighted-average Exercise Price (in dollars per share)	$72.14	'
Granted (in dollars per share)	$108.15	'
Exercised (in dollars per share)	$39.05	'
Forfeited or expired (in dollars per share)	$101.50	'
Ending Balance, Weighted-average Exercise Price (in dollars per share)	$73.42	$72.14
Stock Options and Stock Appreciation Rights Exercisable, Weighted- Average Exercise Price (in dollars per share)	$56.95	'
Weighted-Average Remaining Contractual Term	'	'
Beginning of period	'6 years 2 months 12 days	'6 years 3 months 18 days
End of period	'6 years 2 months 12 days	'6 years 3 months 18 days
Exercisable at end of period	'5 years 4 months 24 days	'
Aggregate Intrinsic Value	'	'
Beginning of period	$31,815	'
Exercised	3,934	'
End of period	34,909	31,815
Exercisable at end of period	$27,838	'

STOCKHOLDERS_EQUITY_AND_BENEFI4

STOCKHOLDERS' EQUITY AND BENEFIT PLANS (Details 3) (USD $)	9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 28, 2013
Stock options	'
Stock-based compensation plans disclosures	'
Stock Options Outstanding, Number Of Shares	566
Stock Options Outstanding, Weighted- Average Exercise Price (in dollars per share)	$72.16
Stock Options Outstanding, Weighted- Average Remaining Contractual Term	'6 years 4 months 24 days
Stock Options Rights Exercisable, Number Of Shares	372
Stock Options Exercisable, Weighted- Average Exercise Price (in dollars per share)	$56.42
Stock appreciation rights	'
Stock-based compensation plans disclosures	'
Stock Appreciation Rights Outstanding, Number Of Shares	183
Stock Appreciation Rights Outstanding, Weighted- Average Exercise Price (in dollars per share)	$77.29
Stock Appreciation Rights Outstanding, Weighted- Average Remaining Contractual Term	'5 years 4 months 24 days
Stock Appreciation Rights Exercisable, Number Of Shares	79
Stock Appreciation Rights Exercisable, Weighted- Average Exercise Price (in dollars per share)	$59.39
Range Of Exercise Prices $13.65 - $21.51 | 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)	$21.51
Stock Options Outstanding, Number Of Shares	89
Stock Options Outstanding, Weighted- Average Exercise Price (in dollars per share)	$15.38
Stock Options Outstanding, Weighted- Average Remaining Contractual Term	'4 years 7 months 6 days
Stock Options Rights Exercisable, Number Of Shares	68
Stock Options Exercisable, Weighted- Average Exercise Price (in dollars per share)	$15.93
Range Of Exercise Prices $13.65 - $21.51 | Stock appreciation rights	'
Stock-based compensation plans disclosures	'
Stock Appreciation Rights Outstanding, lower range (in dollars per share)	$13.65
Stock Appreciation Rights Outstanding, upper range (in dollars per share)	$21.51
Stock Appreciation Rights Outstanding, Number Of Shares	23
Stock Appreciation Rights Outstanding, Weighted- Average Exercise Price (in dollars per share)	$13.65
Stock Appreciation Rights Outstanding, Weighted- Average Remaining Contractual Term	'3 years 6 months
Stock Appreciation Rights Exercisable, Number Of Shares	9
Stock Appreciation Rights Exercisable, Weighted- Average Exercise Price (in dollars per share)	$13.65
Range Of Exercise Prices $21.51 - $34.59 | Stock options	'
Stock-based compensation plans disclosures	'
Stock Options Outstanding, lower range (in dollars per share)	$21.51
Stock Options Outstanding, upper range (in dollars per share)	$34.59
Stock Options Outstanding, Number Of Shares	82
Stock Options Outstanding, Weighted- Average Exercise Price (in dollars per share)	$28.70
Stock Options Outstanding, Weighted- Average Remaining Contractual Term	'3 years 1 month 6 days
Stock Options Rights Exercisable, Number Of Shares	82
Stock Options Exercisable, Weighted- Average Exercise Price (in dollars per share)	$28.70
Range Of Exercise Prices $21.51 - $34.59 | Stock appreciation rights	'
Stock-based compensation plans disclosures	'
Stock Appreciation Rights Outstanding, lower range (in dollars per share)	$21.51
Stock Appreciation Rights Outstanding, upper range (in dollars per share)	$34.59
Stock Appreciation Rights Outstanding, Number Of Shares	20
Stock Appreciation Rights Outstanding, Weighted- Average Exercise Price (in dollars per share)	$29.13
Stock Appreciation Rights Outstanding, Weighted- Average Remaining Contractual Term	'2 years 3 months 18 days
Stock Appreciation Rights Exercisable, Number Of Shares	20
Stock Appreciation Rights Exercisable, Weighted- Average Exercise Price (in dollars per share)	$29.13
Range Of Exercise Prices $34.59 - $67.10 | Stock options	'
Stock-based compensation plans disclosures	'
Stock Options Outstanding, lower range (in dollars per share)	$34.59
Stock Options Outstanding, upper range (in dollars per share)	$67.10
Stock Options Outstanding, Number Of Shares	85
Stock Options Outstanding, Weighted- Average Exercise Price (in dollars per share)	$39.66
Stock Options Outstanding, Weighted- Average Remaining Contractual Term	'5 years 10 months 24 days
Stock Options Rights Exercisable, Number Of Shares	85
Stock Options Exercisable, Weighted- Average Exercise Price (in dollars per share)	$39.66
Range Of Exercise Prices $34.59 - $67.10 | Stock appreciation rights	'
Stock-based compensation plans disclosures	'
Stock Appreciation Rights Outstanding, lower range (in dollars per share)	$34.59
Stock Appreciation Rights Outstanding, upper range (in dollars per share)	$67.10
Stock Appreciation Rights Outstanding, Number Of Shares	24
Stock Appreciation Rights Outstanding, Weighted- Average Exercise Price (in dollars per share)	$41.31
Stock Appreciation Rights Outstanding, Weighted- Average Remaining Contractual Term	'4 years 8 months 12 days
Stock Appreciation Rights Exercisable, Number Of Shares	21
Stock Appreciation Rights Exercisable, Weighted- Average Exercise Price (in dollars per share)	$39.46
Range Of Exercise Prices $67.10 - $106.40 | Stock options	'
Stock-based compensation plans disclosures	'
Stock Options Outstanding, lower range (in dollars per share)	$67.10
Stock Options Outstanding, upper range (in dollars per share)	$106.40
Stock Options Outstanding, Number Of Shares	126
Stock Options Outstanding, Weighted- Average Exercise Price (in dollars per share)	$81.04
Stock Options Outstanding, Weighted- Average Remaining Contractual Term	'7 years 6 months
Stock Options Rights Exercisable, Number Of Shares	71
Stock Options Exercisable, Weighted- Average Exercise Price (in dollars per share)	$80.85
Range Of Exercise Prices $67.10 - $106.40 | Stock appreciation rights	'
Stock-based compensation plans disclosures	'
Stock Appreciation Rights Outstanding, lower range (in dollars per share)	$67.10
Stock Appreciation Rights Outstanding, upper range (in dollars per share)	$106.40
Stock Appreciation Rights Outstanding, Number Of Shares	69
Stock Appreciation Rights Outstanding, Weighted- Average Exercise Price (in dollars per share)	$92.37
Stock Appreciation Rights Outstanding, Weighted- Average Remaining Contractual Term	'6 years 8 months 12 days
Stock Appreciation Rights Exercisable, Number Of Shares	11
Stock Appreciation Rights Exercisable, Weighted- Average Exercise Price (in dollars per share)	$81.23
Range Of Exercise Prices $106.40 - $131.46 | Stock options	'
Stock-based compensation plans disclosures	'
Stock Options Outstanding, lower range (in dollars per share)	$106.40
Stock Options Outstanding, upper range (in dollars per share)	$131.46
Stock Options Outstanding, Number Of Shares	184
Stock Options Outstanding, Weighted- Average Exercise Price (in dollars per share)	$128.08
Stock Options Outstanding, Weighted- Average Remaining Contractual Term	'8 years 3 months 18 days
Stock Options Rights Exercisable, Number Of Shares	66
Stock Options Exercisable, Weighted- Average Exercise Price (in dollars per share)	$128.08
Range Of Exercise Prices $106.40 - $131.46 | Stock appreciation rights	'
Stock-based compensation plans disclosures	'
Stock Appreciation Rights Outstanding, lower range (in dollars per share)	$106.40
Stock Appreciation Rights Outstanding, upper range (in dollars per share)	$131.46
Stock Appreciation Rights Outstanding, Number Of Shares	47
Stock Appreciation Rights Outstanding, Weighted- Average Exercise Price (in dollars per share)	$126.40
Stock Appreciation Rights Outstanding, Weighted- Average Remaining Contractual Term	'6 years 2 months 12 days
Stock Appreciation Rights Exercisable, Number Of Shares	18
Stock Appreciation Rights Exercisable, Weighted- Average Exercise Price (in dollars per share)	$127.95

STOCKHOLDERS_EQUITY_AND_BENEFI5

STOCKHOLDERS' EQUITY AND BENEFIT PLANS (Details 4) (Restricted Stock and Restricted Stock Units, USD $)	3 Months Ended
In Millions, except Share data in Thousands, unless otherwise specified	Sep. 28, 2013
Restricted Stock and Restricted Stock Units	'
Nonvested, Number of Shares	'
Nonvested, beginning balance (in shares)	221
Granted (in shares)	19
Vested (in shares)	-6
Forfeited (in shares)	-9
Nonvested, ending balance (in shares)	225
Nonvested, Weighted-Average Grant Date Fair Value	'
Nonvested, beginning balance (in dollars per share)	$96.47
Granted (in dollars per share)	$110.91
Vested (in dollars per share)	$69.73
Forfeited (in dollars per share)	$91.76
Nonvested, ending balance (in dollars per share)	$98.61
Fair value of restricted stock and restricted stock units, vested	$0.60

STOCKHOLDERS_EQUITY_AND_BENEFI6

STOCKHOLDERS' EQUITY AND BENEFIT PLANS (Details 5) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
Changes in accumulated other comprehensive income, net of taxes	'	'	'	'
Beginning balance	$16,814	$17,507	$28,760	$22,180
Other comprehensive income (loss) before reclassifications, net of tax expense/benefit of $4,457 and $1,849 for 13 weeks ended September 28, 2013 and September 29, 2012 and $651 and $133 for the 39 weeks ended September 28, 2013 and September 29, 2012, respectively	14,180	12,124	3,032	9,754
Other comprehensive income before reclassifications, tax effect	4,457	1,849	651	133
Amounts reclassed from accumulated other comprehensive income, net of tax expense of $31 and $973 for 13 weeks ended September 28, 2013 and September 29, 2012 and $623 and $2,138 for 39 weeks ended September 28, 2013 and September 29, 2012, respectively	36	1,862	834	4,165
Amounts reclassified from accumulated other comprehensive income, tax effect	31	973	623	2,138
Total other comprehensive income	14,144	10,262	2,198	5,589
Ending balance	30,958	27,769	30,958	27,769
Currency Translation Adjustments	'	'	'	'
Changes in accumulated other comprehensive income, net of taxes	'	'	'	'
Beginning balance	13,328	13,343	30,181	18,953
Other comprehensive income (loss) before reclassifications, net of tax expense/benefit of $4,457 and $1,849 for 13 weeks ended September 28, 2013 and September 29, 2012 and $651 and $133 for the 39 weeks ended September 28, 2013 and September 29, 2012, respectively	19,277	12,249	2,424	6,639
Amounts reclassed from accumulated other comprehensive income, net of tax expense of $31 and $973 for 13 weeks ended September 28, 2013 and September 29, 2012 and $623 and $2,138 for 39 weeks ended September 28, 2013 and September 29, 2012, respectively	0	0	0	0
Total other comprehensive income	19,277	12,249	2,424	6,639
Ending balance	32,605	25,592	32,605	25,592
Securities Available for Sale	'	'	'	'
Changes in accumulated other comprehensive income, net of taxes	'	'	'	'
Beginning balance	-558	-417	-475	-446
Other comprehensive income (loss) before reclassifications, net of tax expense/benefit of $4,457 and $1,849 for 13 weeks ended September 28, 2013 and September 29, 2012 and $651 and $133 for the 39 weeks ended September 28, 2013 and September 29, 2012, respectively	558	-4	475	25
Amounts reclassed from accumulated other comprehensive income, net of tax expense of $31 and $973 for 13 weeks ended September 28, 2013 and September 29, 2012 and $623 and $2,138 for 39 weeks ended September 28, 2013 and September 29, 2012, respectively	0	0	0	0
Total other comprehensive income	558	-4	475	25
Ending balance	0	-421	0	-421
Derivatives Designated as Cash Flow Hedges | Forward Contracts	'	'	'	'
Changes in accumulated other comprehensive income, net of taxes	'	'	'	'
Beginning balance	4,044	4,581	-946	3,673
Other comprehensive income (loss) before reclassifications, net of tax expense/benefit of $4,457 and $1,849 for 13 weeks ended September 28, 2013 and September 29, 2012 and $651 and $133 for the 39 weeks ended September 28, 2013 and September 29, 2012, respectively	-4,733	-121	1,055	3,090
Amounts reclassed from accumulated other comprehensive income, net of tax expense of $31 and $973 for 13 weeks ended September 28, 2013 and September 29, 2012 and $623 and $2,138 for 39 weeks ended September 28, 2013 and September 29, 2012, respectively	326	1,862	1,124	4,165
Total other comprehensive income	-5,059	-1,983	-69	-1,075
Ending balance	-1,015	2,598	-1,015	2,598
Derivatives Designated as Cash Flow Hedges | Interest Rate Swap	'	'	'	'
Changes in accumulated other comprehensive income, net of taxes	'	'	'	'
Beginning balance	0	0	0	0
Other comprehensive income (loss) before reclassifications, net of tax expense/benefit of $4,457 and $1,849 for 13 weeks ended September 28, 2013 and September 29, 2012 and $651 and $133 for the 39 weeks ended September 28, 2013 and September 29, 2012, respectively	-922	0	-922	0
Amounts reclassed from accumulated other comprehensive income, net of tax expense of $31 and $973 for 13 weeks ended September 28, 2013 and September 29, 2012 and $623 and $2,138 for 39 weeks ended September 28, 2013 and September 29, 2012, respectively	-290	0	-290	0
Total other comprehensive income	-632	0	-632	0
Ending balance	($632)	$0	($632)	$0

SEGMENT_INFORMATION_Details

SEGMENT INFORMATION (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
Summary information by operating segment	'	'	'	'
Net Sales	$810,396	$684,170	$2,197,544	$1,909,807
Operating Income	141,032	113,087	342,301	284,045
Intersegment	'	'	'	'
Summary information by operating segment	'	'	'	'
Net Sales	-393,306	-343,645	-1,022,759	-829,455
Corporate	'	'	'	'
Summary information by operating segment	'	'	'	'
Operating Income	-46,450	-40,631	-128,148	-114,568
North America wholesale	'	'	'	'
Summary information by operating segment	'	'	'	'
Net Sales	300,707	253,997	816,565	728,808
North America wholesale | Operating Segment	'	'	'	'
Summary information by operating segment	'	'	'	'
Operating Income	76,689	55,328	203,418	154,695
North America wholesale | Intersegment	'	'	'	'
Summary information by operating segment	'	'	'	'
Net Sales	54,318	44,891	149,280	133,770
Europe wholesale	'	'	'	'
Summary information by operating segment	'	'	'	'
Net Sales	209,507	163,453	554,171	464,114
Europe wholesale | Operating Segment	'	'	'	'
Summary information by operating segment	'	'	'	'
Operating Income	56,180	39,267	131,178	101,899
Europe wholesale | Intersegment	'	'	'	'
Summary information by operating segment	'	'	'	'
Net Sales	51,888	43,913	131,289	113,126
Asia Pacific wholesale	'	'	'	'
Summary information by operating segment	'	'	'	'
Net Sales	104,835	97,636	287,798	258,689
Asia Pacific wholesale | Operating Segment	'	'	'	'
Summary information by operating segment	'	'	'	'
Operating Income	36,046	36,258	94,069	95,062
Asia Pacific wholesale | Intersegment	'	'	'	'
Summary information by operating segment	'	'	'	'
Net Sales	287,100	254,841	742,190	582,559
Direct to consumer	'	'	'	'
Summary information by operating segment	'	'	'	'
Net Sales	195,347	169,084	539,010	458,196
Operating Income	$18,567	$22,865	$41,784	$46,957

SEGMENT_INFORMATION_Details_2

SEGMENT INFORMATION (Details 2) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
Net sales for each class of similar products	'	'	'	'
Net sales	$810,396	$684,170	$2,197,544	$1,909,807
Percentage of Total	100.00%	100.00%	100.00%	100.00%
Watches	'	'	'	'
Net sales for each class of similar products	'	'	'	'
Net sales	619,087	516,994	1,679,329	1,412,181
Percentage of Total	76.40%	75.60%	76.40%	74.00%
Leathers	'	'	'	'
Net sales for each class of similar products	'	'	'	'
Net sales	114,692	106,976	309,228	307,931
Percentage of Total	14.10%	15.60%	14.10%	16.10%
Jewelry	'	'	'	'
Net sales for each class of similar products	'	'	'	'
Net sales	57,320	39,973	146,677	116,903
Percentage of Total	7.10%	5.80%	6.70%	6.10%
Other	'	'	'	'
Net sales for each class of similar products	'	'	'	'
Net sales	$19,297	$20,227	$62,310	$72,792
Percentage of Total	2.40%	3.00%	2.80%	3.80%

DERIVATIVES_AND_RISK_MANAGEMEN2

DERIVATIVES AND RISK MANAGEMENT (Details)

3 Months Ended

9 Months Ended

3 Months Ended

9 Months Ended

Sep. 28, 2013

Sep. 29, 2012

Sep. 28, 2013

Sep. 29, 2012

Sep. 28, 2013

Sep. 29, 2012

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

USD ($)

USD ($)

USD ($)

USD ($)

Forward Contracts

Forward Contracts

Foreign exchange forward contracts

Foreign exchange forward contracts

Foreign exchange forward contracts

Foreign exchange forward contracts

Foreign exchange forward contracts

Foreign exchange forward contracts

Foreign exchange forward contracts

Foreign exchange forward contracts

Foreign exchange forward contracts

Foreign exchange forward contracts

Foreign exchange forward contracts

Foreign exchange forward contracts

Interest Rate Swap

Interest Rate Swap

Amount Reclassified from AOCI

Amount Reclassified from AOCI

Designated as cash flow hedges

Designated as cash flow hedges

Designated as cash flow hedges

Designated as cash flow hedges

Designated as cash flow hedges

Designated as cash flow hedges

Designated as cash flow hedges

Designated as cash flow hedges

Designated as cash flow hedges

Designated as cash flow hedges

Designated as cash flow hedges

Designated as cash flow hedges

Designated as cash flow hedges

Term loan

USD ($)

USD ($)

Euro

Euro

British Pound

British Pound

Canadian Dollar

Canadian Dollar

Japanese Yen

Japanese Yen

Mexican Peso

Mexican Peso

Australian Dollar

Australian Dollar

Designated as cash flow hedges

USD ($)

EUR (€)

USD ($)

GBP (£)

USD ($)

CAD

USD ($)

JPY (¥)

USD ($)

MXN

USD ($)

AUD

USD ($)

DERIVATIVES AND RISK MANAGEMENT

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum period of future intercompany purchases

'

'

'18 months

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Forecasted purchases to manage fluctuations (as a percent)

65.00%

'

65.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Hedges resulted ineffectiveness

$0

$0

$0

$0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Derivatives

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Term of interest rate swap agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'5 years

'

Hedged amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

250,000,000

Description of base rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'1-month LIBOR

Fixed interest rate swap (as a percentage)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.29%

'

Gains or losses reclassified into earnings

89,734,000

76,791,000

229,633,000

192,269,000

0

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notional amount

$250,000,000

'

$250,000,000

'

'

'

$231,600,000

€ 175,800,000

$33,700,000

£ 21,700,000

$30,100,000

31,000,000

$25,600,000

¥ 2,342,000,000

$12,800,000

166,000,000

$11,400,000

12,100,000

'

'

DERIVATIVES_AND_RISK_MANAGEMEN3

DERIVATIVES AND RISK MANAGEMENT (Details 2) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
Derivatives	'	'	'	'
Total gain (loss) recognized in other comprehensive income	($5,655)	($121)	$133	$3,090
Foreign exchange forward contracts	'	'	'	'
Derivatives	'	'	'	'
Total gain (loss) recognized in other comprehensive income	-4,733	-121	1,055	3,090
Interest Rate Swap	'	'	'	'
Derivatives	'	'	'	'
Total gain (loss) recognized in other comprehensive income	($922)	$0	($922)	$0

DERIVATIVES_AND_RISK_MANAGEMEN4

DERIVATIVES AND RISK MANAGEMENT (Details 3) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
Foreign exchange forward contracts | Designated as cash flow hedges	'	'	'	'
Effective portion of gains and losses on derivative instruments	'	'	'	'
Total gain (loss) reclassified from other comprehensive income	$326	$1,862	$1,124	$4,165
Foreign exchange forward contracts | Not designated as hedging instruments	'	'	'	'
Effective portion of gains and losses on derivative instruments	'	'	'	'
Total gain (loss) recognized in income	0	0	-74	0
Interest Rate Swap | Designated as cash flow hedges	'	'	'	'
Effective portion of gains and losses on derivative instruments	'	'	'	'
Total gain (loss) recognized in income	($290)	$0	($290)	$0

DERIVATIVES_AND_RISK_MANAGEMEN5

DERIVATIVES AND RISK MANAGEMENT (Details 4) (USD $)	Sep. 28, 2013	Dec. 29, 2012
Fair value of derivative instruments	'	'
Existing gains or losses expected to be reclassified into earnings within the next twelve months	$2,700,000	'
Foreign exchange forward contracts	'	'
Fair value of derivative instruments	'	'
Asset Derivatives, Fair Value	2,942,000	2,576,000
Liability Derivatives, Fair Value	8,925,000	5,142,000
Foreign exchange forward contracts | Designated as cash flow hedges | Prepaid expenses and other current assets	'	'
Fair value of derivative instruments	'	'
Asset Derivatives, Fair Value	2,893,000	2,336,000
Foreign exchange forward contracts | Designated as cash flow hedges | Intangible and other assets-net	'	'
Fair value of derivative instruments	'	'
Asset Derivatives, Fair Value	49,000	240,000
Foreign exchange forward contracts | Designated as cash flow hedges | Accrued expenses - other	'	'
Fair value of derivative instruments	'	'
Liability Derivatives, Fair Value	6,857,000	4,560,000
Foreign exchange forward contracts | Designated as cash flow hedges | Other long-term liabilities	'	'
Fair value of derivative instruments	'	'
Liability Derivatives, Fair Value	1,065,000	582,000
Interest rate contracts | Designated as cash flow hedges | Prepaid expenses and other current assets	'	'
Fair value of derivative instruments	'	'
Asset Derivatives, Fair Value	0	0
Interest rate contracts | Designated as cash flow hedges | Intangible and other assets-net	'	'
Fair value of derivative instruments	'	'
Asset Derivatives, Fair Value	0	0
Interest rate contracts | Designated as cash flow hedges | Accrued expenses - other	'	'
Fair value of derivative instruments	'	'
Liability Derivatives, Fair Value	219,000	0
Interest rate contracts | Designated as cash flow hedges | Other long-term liabilities	'	'
Fair value of derivative instruments	'	'
Liability Derivatives, Fair Value	$784,000	$0

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013	Sep. 28, 2013	Sep. 28, 2013	Sep. 28, 2013	Dec. 29, 2012	Sep. 28, 2013	Dec. 29, 2012	Sep. 28, 2013	Dec. 29, 2012	Sep. 28, 2013	Dec. 29, 2012
		Minimum	Maximum	Fair Value Measurement, Recurring Basis	Fair Value Measurement, Recurring Basis	Fair Value Measurement, Recurring Basis	Fair Value Measurement, Recurring Basis	Fair Value Measurement, Recurring Basis	Fair Value Measurement, Recurring Basis	Fair Value Measurement, Recurring Basis	Fair Value Measurement, Recurring Basis
				Level 1	Level 1	Level 2	Level 2	Level 3	Level 3	Total	Total
Assets:	'	'	'	'	'	'	'	'	'	'	'
Investments in publicly traded equity securities	'	'	'	'	$127	'	$0	'	$0	'	$127
Forward contracts	'	'	'	0	0	2,942	2,576	0	0	2,942	2,576
Investment in publicly traded mutual funds	'	'	'	2,329	3,188	0	0	0	0	2,329	3,188
Total	'	'	'	2,329	3,315	2,942	2,576	0	0	5,271	5,891
Liabilities:	'	'	'	'	'	'	'	'	'	'	'
Contingent Consideration	'	'	'	0	'	0	'	7,936	'	7,936	'
Forward contracts	'	'	'	0	0	7,922	5,142	0	0	7,922	5,142
Interest rate swaps	'	'	'	0	'	1,003	'	0	'	1,003	'
Total	'	'	'	$0	$0	$8,925	$5,142	$7,936	$0	$16,861	$5,142
Revenue growth for 2013, 2014 and 2015 (as a percent)	'	3.00%	10.00%	'	'	'	'	'	'	'	'
Operating expenses as a percentage of revenues	28.00%	'	'	'	'	'	'	'	'	'	'
Discount rate (as a percent)	19.00%	'	'	'	'	'	'	'	'	'	'

CONTROLLING_AND_NONCONTROLLING2

CONTROLLING AND NONCONTROLLING INTEREST (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
Summary of changes in equity attributable to controlling and noncontrolling interest	'	'	'	'
Balance	'	'	$1,240,464	$1,116,846
Net income	92,374	79,877	236,763	201,337
Currency translation adjustment	'	'	2,424	6,639
Unrealized gain on securities available for sale	558	-4	475	25
Change in fair values	-5,691	-1,983	-701	-1,075
Common stock issued upon exercise of stock options and stock appreciation rights	'	'	6,203	5,279
Tax benefit derived from stock-based compensation	'	'	7,204	11,223
Distribution of noncontrolling interest earnings	'	'	-4,679	-4,406
Business acquisitions	'	'	'	19,980
Acquisition of common stock	'	'	-460,413	-205,631
Stock-based compensation expense	'	'	11,062	12,858
Balance	1,038,802	1,163,075	1,038,802	1,163,075
Forward contracts hedging intercompany foreign currency payments	'	'	'	'
Summary of changes in equity attributable to controlling and noncontrolling interest	'	'	'	'
Change in fair values	'	'	-69	-1,075
Interest rate swap hedges	'	'	'	'
Summary of changes in equity attributable to controlling and noncontrolling interest	'	'	'	'
Change in fair values	'	'	-632	'
Fossil Group, Inc. Stockholders' Equity	'	'	'	'
Summary of changes in equity attributable to controlling and noncontrolling interest	'	'	'	'
Balance	'	'	1,233,535	1,105,929
Net income	'	'	229,633	192,269
Currency translation adjustment	'	'	2,424	6,639
Unrealized gain on securities available for sale	'	'	475	25
Common stock issued upon exercise of stock options and stock appreciation rights	'	'	6,203	5,279
Tax benefit derived from stock-based compensation	'	'	7,204	11,223
Distribution of noncontrolling interest earnings	'	'	0	0
Business acquisitions	'	'	'	19,899
Acquisition of common stock	'	'	-460,413	-205,631
Stock-based compensation expense	'	'	11,062	12,858
Balance	1,029,422	1,147,415	1,029,422	1,147,415
Fossil Group, Inc. Stockholders' Equity | Forward contracts hedging intercompany foreign currency payments	'	'	'	'
Summary of changes in equity attributable to controlling and noncontrolling interest	'	'	'	'
Change in fair values	'	'	-69	-1,075
Fossil Group, Inc. Stockholders' Equity | Interest rate swap hedges	'	'	'	'
Summary of changes in equity attributable to controlling and noncontrolling interest	'	'	'	'
Change in fair values	'	'	-632	'
Noncontrolling Interest	'	'	'	'
Summary of changes in equity attributable to controlling and noncontrolling interest	'	'	'	'
Balance	'	'	6,929	10,917
Net income	'	'	7,130	9,068
Currency translation adjustment	'	'	0	0
Unrealized gain on securities available for sale	'	'	0	0
Common stock issued upon exercise of stock options and stock appreciation rights	'	'	0	0
Tax benefit derived from stock-based compensation	'	'	0	0
Distribution of noncontrolling interest earnings	'	'	-4,679	-4,406
Business acquisitions	'	'	'	81
Acquisition of common stock	'	'	0	0
Stock-based compensation expense	'	'	0	0
Balance	9,380	15,660	9,380	15,660
Noncontrolling Interest | Forward contracts hedging intercompany foreign currency payments	'	'	'	'
Summary of changes in equity attributable to controlling and noncontrolling interest	'	'	'	'
Change in fair values	'	'	0	0
Noncontrolling Interest | Interest rate swap hedges	'	'	'	'
Summary of changes in equity attributable to controlling and noncontrolling interest	'	'	'	'
Change in fair values	'	'	$0	'

INTANGIBLE_AND_OTHER_ASSETS_De

INTANGIBLE AND OTHER ASSETS (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 28, 2013	Dec. 29, 2012
Intangible and other assets	'	'
Total intangibles - subject to amortization	$51,610	$40,705
Total intangibles-not subject to amortization, Gross Amount	83,650	83,647
Total other assets, Gross Amount	83,241	79,305
Total intangible and other assets, Gross Amount	218,501	203,657
Total intangibles-subject to amortization, Accumulated Amortization	17,544	13,626
Total other assets, Accumulated Amortization	22,842	19,358
Total intangible and other assets, Accumulated Amortization	40,386	32,984
Total intangible and other assets-net	178,115	170,673
Key money deposits	'	'
Intangible and other assets	'	'
Total other assets, Gross Amount	35,081	35,655
Total other assets, Accumulated Amortization	15,884	14,060
Other deposits	'	'
Intangible and other assets	'	'
Total other assets, Gross Amount	21,924	17,591
Deferred compensation plan assets	'	'
Intangible and other assets	'	'
Total other assets, Gross Amount	2,329	3,188
Deferred tax asset-net	'	'
Intangible and other assets	'	'
Total other assets, Gross Amount	6,149	6,536
Restricted cash	'	'
Intangible and other assets	'	'
Total other assets, Gross Amount	702	991
Shop-in-shop	'	'
Intangible and other assets	'	'
Total other assets, Gross Amount	14,303	11,396
Total other assets, Accumulated Amortization	6,958	5,297
Other assets	'	'
Intangible and other assets	'	'
Total other assets, Gross Amount	2,753	3,948
Total other assets, Accumulated Amortization	0	1
Minimum | Key money deposits	'	'
Intangible and other assets	'	'
Amortization period based on initial lease term	'4 years	'
Maximum | Key money deposits	'	'
Intangible and other assets	'	'
Amortization period based on initial lease term	'18 years	'
Trademarks	'	'
Intangible and other assets	'	'
Total intangibles - subject to amortization	4,175	4,135
Total intangibles-subject to amortization, Accumulated Amortization	2,628	2,400
Useful Lives	'10 years	'
Customer lists	'	'
Intangible and other assets	'	'
Total intangibles - subject to amortization	42,996	32,144
Total intangibles-subject to amortization, Accumulated Amortization	13,013	9,980
Customer lists | Minimum	'	'
Intangible and other assets	'	'
Useful Lives	'5 years	'
Customer lists | Maximum	'	'
Intangible and other assets	'	'
Useful Lives	'10 years	'
Patents	'	'
Intangible and other assets	'	'
Total intangibles - subject to amortization	2,273	2,273
Total intangibles-subject to amortization, Accumulated Amortization	1,224	815
Patents | Minimum	'	'
Intangible and other assets	'	'
Useful Lives	'3 years	'
Patents | Maximum	'	'
Intangible and other assets	'	'
Useful Lives	'20 years	'
Noncompete agreement	'	'
Intangible and other assets	'	'
Total intangibles - subject to amortization	1,905	1,895
Total intangibles-subject to amortization, Accumulated Amortization	476	237
Useful Lives	'6 years	'
Other	'	'
Intangible and other assets	'	'
Total intangibles - subject to amortization	261	258
Total intangibles-subject to amortization, Accumulated Amortization	$203	$194
Other | Minimum	'	'
Intangible and other assets	'	'
Useful Lives	'7 years	'
Other | Maximum	'	'
Intangible and other assets	'	'
Useful Lives	'20 years	'

INTANGIBLE_AND_OTHER_ASSETS_De1

INTANGIBLE AND OTHER ASSETS (Details 2) (USD $)	3 Months Ended		9 Months Ended
	Sep. 28, 2013	Sep. 29, 2012	Sep. 28, 2013	Sep. 29, 2012
INTANGIBLE AND OTHER ASSETS	'	'	'	'
Amortization expense for intangible assets	$1,300,000	$900,000	$3,900,000	$2,400,000
Estimated aggregate future amortization expense by fiscal year	'	'	'	'
2013 (remaining)	1,285,000	'	1,285,000	'
2014	5,147,000	'	5,147,000	'
2015	4,755,000	'	4,755,000	'
2016	4,616,000	'	4,616,000	'
2017	4,358,000	'	4,358,000	'
2018	$3,993,000	'	$3,993,000	'

DEBT_Details

DEBT (Details)

0 Months Ended

4 Months Ended

0 Months Ended

4 Months Ended

0 Months Ended

3 Months Ended

4 Months Ended

9 Months Ended

4 Months Ended

9 Months Ended

4 Months Ended

9 Months Ended

4 Months Ended

3 Months Ended

9 Months Ended

4 Months Ended

9 Months Ended

4 Months Ended

9 Months Ended

4 Months Ended

0 Months Ended

3 Months Ended

9 Months Ended

17-May-13

Sep. 28, 2013

Sep. 28, 2013

17-May-13

Sep. 28, 2013

17-May-13

17-May-13

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

17-May-13

Sep. 28, 2013

Sep. 28, 2013

17-May-13

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

Sep. 28, 2013

17-May-13

Sep. 28, 2013

Sep. 29, 2012

Sep. 28, 2013

Sep. 29, 2012

Jun. 29, 2013

Credit Agreement

Credit Agreement

Credit Agreement

Credit Agreement

Swingline loan

Swingline loan

Revolver

Revolver

Revolver

Revolver

Revolver

Revolver

Revolver

Revolver

Revolver

Revolver

Revolver

Revolver

Revolver

Revolver

Revolver

Revolver

Revolver

Revolver

Revolver

Revolver

LC Facility

Term loan

Term loan

Term loan

Term loan

Term loan

Term loan

Term loan

Term loan

Term loan

Term loan

Term loan

Term loan

Term loan

Term loan

Term loan

Prior Credit Agreement

Prior Credit Agreement

Prior Credit Agreement

Prior Credit Agreement

Prior Credit Agreement

STC Note

USD ($)

USD ($)

Maximum

Fossil Europe B.V., Swiss Technology Holding GmbH and Fossil (East) Limited

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

Minimum

Maximum

Base rate loans

Base rate loans

Base rate loans

Base rate loans

LIBOR rate loans

LIBOR rate loans

Prime rate

Federal funds rate

Federal funds rate

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

USD ($)

USD ($)

USD ($)

USD ($)

Base rate loans

Base rate loans

Base rate loans

LIBOR rate loans

Prime rate

Federal funds rate

Federal funds rate

LIBOR

LIBOR

LIBOR

LIBOR

LIBOR

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

STC

USD ($)

USD ($)

USD ($)

Minimum

Consolidated leverage ratio (the Ratio) less than 1.00 to 1.00

Consolidated leverage ratio (the Ratio) greater than 2.00 to 1.00

USD ($)

Minimum

Base rate loans

Base rate loans

Base rate loans

Base rate loans

Base rate loans

LIBOR rate loans

LIBOR rate loans

LIBOR rate loans

USD ($)

Consolidated leverage ratio (the Ratio) less than 1.00 to 1.00

Consolidated leverage ratio (the Ratio) greater than 2.00 to 1.00

Minimum

Base rate loans

Base rate loans

Base rate loans

Base rate loans

Base rate loans

LIBOR rate loans

LIBOR rate loans

LIBOR rate loans

CHF

USD ($)

USD ($)

Consolidated leverage ratio (the Ratio) less than 1.00 to 1.00

Consolidated leverage ratio (the Ratio) greater than 2.00 to 1.00

USD ($)

Consolidated leverage ratio (the Ratio) less than 1.00 to 1.00

Consolidated leverage ratio (the Ratio) greater than 2.00 to 1.00

Debt Instrument

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Borrowings outstanding

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,100,000

Debt term

'5 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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'

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'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum borrowing capacity

'

'

'

'

'

20,000,000

750,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10,000,000

'

'

250,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of total outstanding voting capital stock

'

'

'

'

'

'

65.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of total outstanding non-voting capital stock

'

'

'

100.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Upfront fees

4,800,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Base rate at end of period (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3.25%

'

'

18.00%

18.00%

'

'

'

'

'

'

'

'

'

'

'

3.25%

'

'

18.00%

18.00%

'

'

'

'

'

'

'

'

'

Basis spread on base rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.50%

'

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

0.50%

'

1.00%

'

'

'

'

'

'

'

'

'

Description of base rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'Prime rate

'Federal funds rate

'

'LIBOR

'

'LIBOR

'

'

'

'

'

'

'

'

'

'

'Prime rate

'Federal funds rate

'

'LIBOR

'

'LIBOR

'

'

'

'

'

'

'

'

Applicable margin based on the Company's consolidated leverage ratio (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.25%

1.00%

'

'

'

'

'

'

'

'

1.25%

2.00%

'

'

'

'

'

0.25%

1.00%

'

'

'

'

'

'

'

1.25%

2.00%

'

'

'

'

'

'

Consolidated leverage ratio used to calculate variable rate of debt (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

200.00%

'

'

'

'

'

'

'

'

100.00%

200.00%

'

'

'

'

'

100.00%

200.00%

'

'

'

'

'

'

'

100.00%

200.00%

'

'

'

'

'

'

LIBOR Rate, amount used to calculate quotient (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100.00%

'

'

'

'

'

'

'

'

Commitment fee (as a percent)

'

'

'

'

'

'

'

'

'

'

0.20%

0.35%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount outstanding

'

'

'

'

'

'

'

221,000,000

221,000,000

221,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

250,000,000

250,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest expense incurred

'

'

'

'

'

'

'

600,000

'

600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,000,000

1,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

800,000

1,200,000

1,400,000

'

Total borrowings

'

'

'

'

'

'

'

'

'

363,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

346,500,000

'

'

Repayment of borrowings

'

'

'

'

'

'

'

'

'

142,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

411,500,000

'

'

Borrowings outstanding, classified as short-term

'

12,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Final payment included in repayments

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

248,000,000

'

'

Penalties or other early termination fees

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

Minimum principal amounts

'

'

'

'

100,000

'

'

'

'

'

3,000,000

'

'

2,000,000

'

'

'

5,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Increments in excess of minimum principal amount

'

'

'

'

100,000

'

'

'

0

'

'

'

1,000,000

'

'

'

1,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

1,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Remaining borrowing capacity

'

'

'

'

'

'

'

527,900,000

527,900,000

527,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Consolidated leverage ratio required

'

'

2.5

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Consolidated interest coverage ratio required

'

'

3.5

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum capital expenditures during 2013, debt covenant

'

'

200,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum capital expenditures during 2014, debt covenant

'

'

200,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum capital expenditures during 2015, debt covenant

'

'

200,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum capital expenditures after 2015, debt covenant

'

'

$250,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'