Fossil (FOSL) 10-Q 15 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Apr. 05, 2014	8-May-14
Document and Entity Information	'	'
Entity Registrant Name	'Fossil Group, Inc.	'
Entity Central Index Key	'0000883569	'
Document Type	'10-Q	'
Document Period End Date	5-Apr-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-28	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	53,517,965
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Apr. 05, 2014	Dec. 28, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$303,418	$320,479
Accounts receivable - net of allowances of $71,817 and $74,841, respectively	290,089	454,762
Inventories	601,862	570,719
Deferred income tax assets-net	46,596	46,986
Prepaid expenses and other current assets	124,432	86,516
Total current assets	1,366,397	1,479,462
Property, plant and equipment - net of accumulated depreciation of $331,297 and $314,787,respectively	356,755	355,666
Goodwill	206,665	206,954
Intangible and other assets-net	184,511	188,332
Total long-term assets	747,931	750,952
Total assets	2,114,328	2,230,414
Current liabilities:	'	'
Accounts payable	144,411	165,433
Short-term debt	13,600	13,443
Accrued expenses:	'	'
Compensation	61,253	80,573
Royalties	27,850	65,117
Co-op advertising	14,968	25,599
Transaction taxes	21,213	35,134
Other	78,163	79,860
Income taxes payable	28,827	26,747
Total current liabilities	390,285	491,906
Long-term income taxes payable	16,576	15,720
Deferred income tax liabilities	97,748	98,168
Long-term debt	528,345	494,711
Other long-term liabilities	56,163	54,542
Total long-term liabilities	698,832	663,141
Commitments and contingencies (Note 13)	'	'
Stockholders' equity:	'	'
Common stock, 53,798 and 54,708 shares issued at April 5, 2014 and December 28, 2013, respectively	538	547
Additional paid-in capital	157,886	154,376
Retained earnings	826,865	877,063
Accumulated other comprehensive income	35,805	36,691
Total Fossil Group, Inc. stockholders' equity	1,021,094	1,068,677
Noncontrolling interest	4,117	6,690
Total stockholders' equity	1,025,211	1,075,367
Total liabilities and stockholders' equity	$2,114,328	$2,230,414

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Apr. 05, 2014	Dec. 28, 2013
In Thousands, unless otherwise specified
CONDENSED CONSOLIDATED BALANCE SHEETS	'	'
Accounts receivable - allowances (in dollars)	$71,817	$74,841
Property, plant and equipment, accumulated depreciation (in dollars)	$331,297	$314,787
Common stock, shares issued	53,798	54,708

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME	'	'
Net sales	$776,544	$680,899
Cost of sales	333,324	302,428
Gross profit	443,220	378,471
Selling, general and administrative expenses	338,522	284,150
Operating income	104,698	94,321
Interest expense	3,706	1,231
Other (expense) income-net	-351	9,784
Income before income taxes	100,641	102,874
Provision for income taxes	31,480	28,894
Net income	69,161	73,980
Less: Net income attributable to noncontrolling interest	2,818	1,794
Net income attributable to Fossil Group, Inc.	66,343	72,186
Other comprehensive (loss) income, net of taxes:	'	'
Currency translation adjustment	-1,125	-19,837
Securities available for sale-net change	0	-71
Derivative instruments-net change	239	3,391
Total other comprehensive loss	-886	-16,517
Total comprehensive income	68,275	57,463
Less: Comprehensive income attributable to noncontrolling interest	2,818	1,794
Comprehensive income attributable to Fossil Group, Inc.	$65,457	$55,669
Earnings per share:	'	'
Basic (in dollars per share)	$1.23	$1.22
Diluted (in dollars per share)	$1.22	$1.21
Weighted average common shares outstanding:	'	'
Basic (in shares)	54,125	59,393
Diluted (in shares)	54,351	59,783

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013
Operating Activities:	'	'
Net income	$69,161	$73,980
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation, amortization and accretion	23,377	18,758
Stock-based compensation	4,978	2,546
Decrease in allowance for returns-net of inventory in transit	-1,525	-238
(Gain) loss on disposal of assets	-31	266
Impairment losses	282	0
Gain on equity method investment	0	-6,410
Decrease in allowance for doubtful accounts	-1,063	-4,202
Excess tax benefits from stock-based compensation	-938	-4,082
Deferred income taxes and other	-440	8,292
Changes in operating assets and liabilities:	'	'
Accounts receivable	167,760	99,403
Inventories	-32,002	-11,507
Prepaid expenses and other current assets	-38,439	-14,721
Accounts payable	-17,879	-20,369
Accrued expenses	-80,095	-49,000
Income taxes payable	3,829	-6,813
Net cash provided by operating activities	96,975	85,903
Investing Activities:	'	'
Additions to property, plant and equipment	-21,505	-19,485
Increase in intangible and other assets	-2,162	-723
Net change in restricted cash	-3	452
Business acquisitions-net of cash acquired	0	-15,165
Net cash used in investing activities	-23,670	-34,921
Financing Activities:	'	'
Acquisition of common stock	-119,715	-61,188
Distribution of noncontrolling interest earnings and other	-5,391	-4
Excess tax benefits from stock-based compensation	938	4,082
Debt borrowings	196,200	218,098
Debt payments	-162,456	-142,718
Proceeds from exercise of stock options	759	1,991
Net cash (used in) provided by financing activities	-89,665	20,261
Effect of exchange rate changes on cash and cash equivalents	-701	-7,083
Net (decrease) increase in cash and cash equivalents	-17,061	64,160
Cash and cash equivalents:	'	'
Beginning of period	320,479	177,236
End of period	$303,418	$241,396

FINANCIAL_STATEMENT_POLICIES

FINANCIAL STATEMENT POLICIES	3 Months Ended
	Apr. 05, 2014
FINANCIAL STATEMENT POLICIES	'
FINANCIAL STATEMENT POLICIES	'
	1. FINANCIAL STATEMENT POLICIES
	Basis of Presentation. The condensed consolidated financial statements include the accounts of Fossil Group, Inc., a Delaware corporation, and its wholly and majority-owned subsidiaries (the “Company”).
	The Company’s fiscal year periodically results in a 53-week year instead of a normal 52-week year. The current fiscal year ending January 3, 2015 is a 53-week year, with the additional week being included in the first quarter. Accordingly, the information presented herein includes fourteen weeks of operations for the quarter ended April 5, 2014 (“First Quarter”) as compared to thirteen weeks included in the quarter ended March 30, 2013 (“Prior Year Quarter”). 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 April 5, 2014, and the results of operations for the First Quarter and Prior Year Quarter. 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 28, 2013 (the “2013 Form 10-K”). Operating results for the First Quarter and Prior Year Quarter are not necessarily indicative of the results to be achieved for the full fiscal year.
	The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), which require the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the periods reported. Actual results could differ from those estimates. The Company has not made any changes in its significant accounting policies from those disclosed in the 2013 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 is exposed to certain market risks relating to foreign exchange rates and interest rates.  The Company actively monitors and attempts to manage these exposures using derivative instruments including foreign currency 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 was to settle its Euro, British Pound, Canadian Dollar, Japanese Yen, Australian Dollar, and Mexican Peso forward contracts as of April 5, 2014, the net result would have been a net loss of approximately $2.3 million, net of taxes. To help protect against adverse fluctuations in interest rates, 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. To reduce exposure to changes in currency exchange rates adversely affecting the Company’s investment in a Euro-denominated subsidiary, the Company has entered into a forward contract designated as a net investment hedge.  The Company does not hold or issue derivative financial instruments for trading or speculative purposes.
	The Company applies the hedge accounting rules as required by Accounting Standards Codification (“ASC”) 815, Derivatives and Hedging (“ASC 815”). See “Note 10—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 14		For the 13
		Weeks Ended		Weeks Ended
		April 5, 2014		March 30, 2013
	Numerator:
	Net income attributable to Fossil Group, Inc.	$	66,343	$	72,186
	Denominator:
	Basic EPS computations:
	Basic weighted average common shares outstanding	54,125		59,393
	Basic EPS	$	1.23	$	1.22
	Diluted EPS computation:
	Basic weighted average common shares outstanding	54,125		59,393
	Stock options, stock appreciation rights and restricted stock units	226		390
	Diluted weighted average common shares outstanding	54,351		59,783
	Diluted EPS	$	1.22	$	1.21
	Approximately 217,700 and 201,000 shares issuable under stock-based awards were not included in the diluted EPS calculation at the end of the First Quarter and Prior Year Quarter, respectively, because they were antidilutive.
	Recently Adopted 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 was effective for the Company beginning fiscal year 2014 and did not have a material impact on the Company’s consolidated results of operations or 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 was effective for the Company beginning fiscal year 2014 and did not have a material impact on the Company’s 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 became effective for the Company in fiscal year 2014 and did not have a material impact on the Company’s consolidated results of operations or financial position.

ACQUISITIONS_DIVESTITURE_AND_G

ACQUISITIONS, DIVESTITURE AND GOODWILL	3 Months Ended
	Apr. 05, 2014
ACQUISITIONS, DIVESTITURE AND GOODWILL	'
ACQUISITIONS, DIVESTITURE AND GOODWILL	'
	2. ACQUISITIONS, DIVESTITURE AND GOODWILL
	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 re-measured 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 (expense) income-net on the Company’s condensed consolidated statements of income and 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. On December 19, 2013, Fossil Spain paid dividends relating to fiscal year 2012 of 1.8 million Euros (approximately $2.5 million at year end 2013) to General De Relojeria which reduced the fixed portion of the purchase price. See “Note 11 — 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 7.1 million Euros (approximately $9.7 million) of the total consideration was recorded in other long-term liabilities in the condensed consolidated balance sheets at April 5, 2014.
	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 $26.6 million, comprised of $19.3 million in cash and $7.3 million in forgiveness of a payable to the Company. The Company recorded approximately $8.9 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.
	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 Pacific			Total
		America			Wholesale			Wholesale
		Wholesale
	Balance at December 28, 2013	$	118,147		$	77,217		$	11,590		$	206,954
	Foreign currency changes	(2		)	(274		)	(13		)	(289		)
	Balance at April 5, 2014	$	118,145		$	76,943		$	11,577		$	206,665

INVENTORIES

INVENTORIES	3 Months Ended
	Apr. 05, 2014
INVENTORIES	'
INVENTORIES	'
	3. INVENTORIES
	Inventories consisted of the following (in thousands):
		April 5,		December 28,
		2014		2013
	Components and parts	$	53,805	$	56,275
	Work-in-process	7,704		14,017
	Finished goods	540,353		500,427
	Inventories	$	601,862	$	570,719

WARRANTY_RESERVE

WARRANTY RESERVE	3 Months Ended
	Apr. 05, 2014
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 14			For the 13
		Weeks Ended			Weeks Ended
		April 5, 2014			March 30, 2013
	Beginning balance	$	15,658		$	13,383
	Settlements in cash or kind	(3,163		)	(2,461		)
	Warranties issued and adjustments to preexisting warranties (1)	3,364			2,396
	Liabilities assumed in acquisition	0			340
	Ending balance	$	15,859		$	13,658
	(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	3 Months Ended
	Apr. 05, 2014
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 14			For the 13
		Weeks Ended			Weeks Ended
		April 5, 2014			March 30, 2013
	Income tax expense	$	31,480		$	28,894
	Income tax rate	31.3		%	28.1		%
	The higher effective tax rate in the First Quarter was primarily due to discrete items in the Prior Year Quarter which included recognition of income tax benefits from the settlement of income tax audits of previous years.
	As of April 5, 2014, the total amount of unrecognized tax benefits, excluding interest and penalties, was $15.2 million, of which $10.0 million would favorably impact the effective tax rate in future periods, if recognized. During the First Quarter, the U.S. Internal Revenue Service began its examination of the Company’s 2010-2012 federal income tax returns.  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 April 5, 2014, the Company had recorded $0.4 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 April 5, 2014 was $1.4 million and $0.4 million, respectively. For the First Quarter, the Company accrued income tax-related interest expense of $0.2 million.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Apr. 05, 2014
STOCKHOLDERS' EQUITY	'
STOCKHOLDERS' EQUITY	'
	6. STOCKHOLDERS’ EQUITY
	Common Stock Repurchase Programs. Purchases of the Company’s common stock are made from time to time pursuant to its repurchase programs, subject to market conditions and at prevailing market prices, through the open market. Repurchased shares of common stock are recorded at cost and become authorized but unissued shares which may be issued in the future for general corporate or other purposes. The Company may terminate or limit its stock repurchase program at any time. In the event the repurchased shares are 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 Securities Exchange Act of 1934.
	During the First Quarter, the Company effectively retired 1.0 million shares of common stock repurchased under its repurchase programs. The effective retirement of repurchased common stock decreased common stock by $10,000, additional paid-in capital by $0.8 million, retained earnings by $116.5 million and treasury stock by $117.3 million. At December 28, 2013 and April 5, 2014, all treasury stock had been effectively retired. As of April 5, 2014, the Company had $376.4 million of repurchase authorizations remaining under its combined repurchase plans.
	The following table reflects the Company’s common stock repurchase activity for the period indicated (in millions):
							For the 14 Weeks Ended				For the 13 Weeks Ended
							April 5, 2014				March 30, 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		1		$	117.3	0.2	$	18
	2010	$	30		None		0		$	0	0	$	0
	2010	$	750		December 2013 (1)		0		$	0	0.4	$	38.6
	(1)         In the Prior Year Quarter, the Company completed this repurchase plan.
	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 28, 2013	$	1,068,677		$	6,690		$	1,075,367
	Net income	66,343			2,818			69,161
	Currency translation adjustment	(1,125		)	0			(1,125		)
	Derivative instruments - net change	239			0			239
	Common stock issued upon exercise of stock options and stock appreciation rights	759			0			759
	Tax benefit derived from stock-based compensation	938			0			938
	Distribution of noncontrolling interest earnings and other	0			(5,391		)	(5,391		)
	Acquisition of common stock	(119,715		)	0			(119,715		)
	Stock-based compensation expense	4,978			0			4,978
	Balance at April 5, 2014	$	1,021,094		$	4,117		$	1,025,211
		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	72,186			1,794			73,980
	Currency translation adjustment	(19,837		)	0			(19,837		)
	Unrealized loss on securities available for sale	(71		)	0			(71		)
	Forward contracts hedging intercompany foreign currency payments - change in fair values	3,391			0			3,391
	Common stock issued upon exercise of stock options and stock appreciation rights	1,991			0			1,991
	Tax benefit derived from stock-based compensation	4,082			0			4,082
	Distribution of noncontrolling interest earnings	0			(4		)	(4		)
	Acquisition of common stock	(61,188		)	0			(61,188		)
	Stock-based compensation expense	2,546			0			2,546
	Balance at March 30, 2013	$	1,236,635		$	8,719		$	1,245,354

EMPLOYEE_BENEFIT_PLANS

EMPLOYEE BENEFIT PLANS	3 Months Ended
	Apr. 05, 2014
EMPLOYEE BENEFIT PLANS	'
EMPLOYEE BENEFIT PLANS	'
	7. EMPLOYEE BENEFIT PLANS
	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. The Company’s grants under its current 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 First Quarter:
						Weighted-
						Average
				Weighted-		Remaining	Aggregate
				Average		Contractual	Intrinsic
	Stock Options and Stock Appreciation Rights	Shares		Exercise Price		Term (Years)	Value
		in thousands					in thousands
	Outstanding at December 28, 2013	678		$	76.15	6.2	$	31,794
	Granted	84		113.04
	Exercised	(21	)	36.01			1,758
	Forfeited or expired	(3	)	117.39
	Outstanding at April 5, 2014	738		81.38		6.2	28,427
	Exercisable at April 5, 2014	538		$	68.86	5.7	$	27,277
	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 April 5, 2014 and (ii) the fair market value of the Company’s common stock on the exercise date for options/rights that were exercised during the First 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 April 5, 2014:
	Stock Options Outstanding						Stock Options Exercisable
						Weighted-
				Weighted-		Average			Weighted-
				Average		Remaining			Average
	Range of	Number of		Exercise		Contractual	Number of		Exercise
	Exercise Prices	Shares		Price		Term (Years)	Shares		Price
		in thousands					in thousands
	$13.65 - $21.51	77		$	15.34	4.2	77		$	15.34
	$21.51 - $34.59	60		29.39		2.8	60		29.39
	$34.59 - $67.10	76		39.8		5.3	76		39.8
	$67.10 - $116.88	111		80.91		7	107		80.76
	$116.88 - $131.46	176		128.09		7.9	115		128.02
	Total	500		$	75.04	6.1	435		$	67.5
	Stock Appreciation Rights Outstanding						Stock Appreciation Rights Exercisable
						Weighted-
				Weighted-		Average			Weighted-
				Average		Remaining			Average
	Range of	Number of		Exercise		Contractual	Number of		Exercise
	Exercise Prices	Shares		Price		Term (Years)	Shares		Price
		in thousands					in thousands
	$13.65 - $21.51	20		$	13.65	3	20		$	13.65
	$21.51 - $34.59	6		30.71		2	6		30.71
	$34.59 - $67.10	16		42.68		4.3	14		39.87
	$67.10 - $116.88	155		104.1		7.2	36		87.68
	$116.88 - $131.46	41		127.91		5.8	27		127.91
	Total	238		$	94.71	6.3	103		$	74.6
	Restricted Stock and Restricted Stock Units. The following table summarizes restricted stock and restricted stock unit activity during the First Quarter:
	Restricted Stock and Restricted Stock Units	Number of Shares		Weighted-Average
				Grant Date Fair
				Value
		in thousands
	Nonvested at December 28, 2013	219		$	99.27
	Granted	133		113.1
	Vested	(87	)	86.2
	Forfeited	(2	)	103.26
	Nonvested at April 5, 2014	263		$	110.6
	The total fair value of restricted stock and restricted stock units vested during the First Quarter was approximately $9.9 million.

ACCUMULATED_OTHER_COMPREHENSIV

ACCUMULATED OTHER COMPREHENSIVE INCOME	3 Months Ended
	Apr. 05, 2014
ACCUMULATED OTHER COMPREHENSIVE INCOME	'
ACCUMULATED OTHER COMPREHENSIVE INCOME	'
	8. 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 14 Weeks Ended April 5, 2014
		Currency			Forward			Interest Rate			Net			Pension		Total
		Translation			Contracts			Swap			Investment			Plan
		Adjustments									Hedges
	Beginning balance	$	38,152		$	(2,091	)	$	(106	)	$	0		$	736	$	36,691
	Other comprehensive (loss) income before reclassifications, net of tax benefit of $288	(1,125		)	(348		)	(538		)	162			0		(1,849		)
	Amounts reclassed from accumulated other comprehensive (loss) income, net of tax benefit of $597	0			(498		)	(465		)	0			0		(963		)
	Total other comprehensive (loss) income	(1,125		)	150			(73		)	162			0		(886		)
	Ending balance	$	37,027		$	(1,941	)	$	(179	)	$	162		$	736	$	35,805
		For the 13 Weeks Ended March 30, 2013
		Currency			Securities			Forward			Total
		Translation			Available for			Contracts
		Adjustments			Sale
	Beginning balance	$	30,181		$	(475	)	$	(946	)	$	28,760
	Other comprehensive (loss) income before reclassifications, net of tax benefit of $3,474	(19,837		)	(71		)	3,345			(16,563		)
	Amounts reclassed from accumulated other comprehensive (loss) income, net of tax expense of $87	0			0			(46		)	(46		)
	Total other comprehensive (loss) income	(19,837		)	(71		)	3,391			(16,517		)
	Ending balance	$	10,344		$	(546	)	$	2,445		$	12,243
	See “Note 10—Derivatives and Risk Management” for additional disclosures about the Company’s use of derivatives.

SEGMENT_INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Apr. 05, 2014
SEGMENT INFORMATION	'
SEGMENT INFORMATION	'
	9. 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 reportable 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 activities and catalog costs. 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.  Intercompany profit attributable to the Company’s factory operations is included in the Asia Pacific wholesale and Europe wholesale segments in accordance with the geographic location of the factories.  These intercompany factory profits are eliminated in consolidation.
	Summary information by operating segment was as follows (in thousands):
		For the 14 Weeks Ended						For the 13 Weeks Ended
		April 5, 2014						March 30, 2013
		Net Sales			Operating			Net Sales			Operating
					Income						Income
	North America wholesale:
	External customers	$	272,796		$	52,879		$	255,165		$	60,408
	Intersegment	48,191						45,946
	Europe wholesale:
	External customers	205,663			51,960			173,906			38,547
	Intersegment	49,198						40,688
	Asia Pacific wholesale:
	External customers	103,560			31,120			86,776			27,550
	Intersegment	244,147						202,196
	Direct to consumer	194,525			16,286			165,052			7,112
	Intersegment items	(341,536		)				(288,830		)
	Corporate				(47,547		)				(39,296		)
	Consolidated	$	776,544		$	104,698		$	680,899		$	94,321
	The following tables reflect net sales for each class of similar products in the periods presented (in thousands, except percentage data):
		For the 14 Weeks Ended					For the 13 Weeks Ended
		April 5, 2014					March 30, 2013
		Net Sales			Percentage of		Net Sales			Percentage of
					Total					Total
	Watches	$	601,388		77.5	%	$	513,017		75.3	%
	Leathers	99,722			12.8		102,788			15.1
	Jewelry	56,518			7.3		42,314			6.2
	Other	18,916			2.4		22,780			3.4
	Total	$	776,544		100	%	$	680,899		100	%

DERIVATIVES_AND_RISK_MANAGEMEN

DERIVATIVES AND RISK MANAGEMENT

3 Months Ended

Apr. 05, 2014

DERIVATIVES AND RISK MANAGEMENT

'

DERIVATIVES AND RISK MANAGEMENT

'

10. DERIVATIVES AND RISK MANAGEMENT

Cash Flow Hedges.  The primary risks managed by using derivative instruments are the fluctuations in global currencies that will ultimately be used by non-U.S. dollar functional currency subsidiaries to settle future payments of intercompany inventory transactions denominated in U.S. dollars. Specifically, the Company projects future intercompany purchases by its non-U.S. dollar functional currency subsidiaries generally over a period of up to 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 and exchange rate. These forward contracts are designated as single cash flow hedges. Fluctuations in exchange rates will either increase or decrease the Company’s U.S. dollar equivalent cash flows from these 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

These forward contracts 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 designated as a cash flow hedge the hedging relationship is expected to be highly effective in achieving offsetting cash flows attributable to the hedged risk. The Company assesses hedge effectiveness under the critical terms matched method at inception and at least quarterly throughout the life of the hedging relationship. If the critical terms (i.e., amounts, currencies and settlement dates) of the forward contract match the terms of the forecasted transaction, the Company concludes that the hedge is effective.

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 income and comprehensive income, and there were no components excluded from the assessment of hedge effectiveness for the First Quarter and Prior Year Quarter.

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 Company’s condensed consolidated balance sheet until such derivative’s gains or losses become realized or the cash flow hedge relationship is terminated. If the cash flow hedge relationship is terminated, the derivative’s gains or losses that are recorded in accumulated other comprehensive income (loss) 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 discontinuance of cash flow hedges in the First Quarter and Prior Year Quarter. Hedge accounting is discontinued if it is determined that the derivative is not highly effective. The Company records all forward contract hedge assets and liabilities on a gross basis as they do not meet the balance sheet netting criteria because the Company does not have master netting agreements established with the derivative counterparties that would allow for net settlement.

As of April 5, 2014, 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

176.5

U.S. Dollar

238.3

British Pound

21

U.S. Dollar

33.4

Canadian Dollar

30.5

U.S. Dollar

28.5

Japanese Yen

2,312.00

U.S. Dollar

23.4

Australian Dollar

13.2

U.S. Dollar

11.8

Mexican Peso

145.7

U.S. Dollar

11

The Company is also exposed to interest rate risk related to its $250 million 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 the 1-month London Interbank Offer Rate (“LIBOR”) based variable rate debt obligations under the Term Loan. Under the terms of the swap, the Company pays a fixed interest rate of 1.288% per annum 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.

Net Investment Hedge.  The Company is also exposed to risk that adverse changes in exchange rates could impact its net investment in foreign operations. To manage this risk, during the First Quarter, the Company entered into a forward contract designated as a net investment hedge to reduce exposure to changes in currency exchange rates on €25.0 million of its total investment in a wholly-owned Euro-denominated foreign subsidiary. The hedge will be settled in June 2014. The effective portion of derivatives designated as net investment hedges are recorded at fair value at each balance sheet date and the change in fair value is recorded as a component of other comprehensive income (loss) in the Company’s condensed consolidated statements of income and comprehensive income.  The Company uses the hypothetical derivative method to access the ineffectiveness of its net investment hedge. Should any portion of the net investment hedge become ineffective, the ineffective portion will be reclassified to other (expense) income, net on the Company’s condensed consolidated statements of income and comprehensive income.  Gains and losses reported in accumulated other comprehensive income will not be reclassified into earnings until the Company’s underlying investment is liquidated or dissolved.

Non-designated Hedges.  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 April 5, 2014 and December 28, 2013.  Changes in the fair value of derivatives not designated as hedging instruments are recognized in earnings when they occur.

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

For the 14 Weeks

For the 13 Weeks

Derivative Contracts

Ended

Ended

Under ASC 815

April 5, 2014

March 30, 2013

Cash flow hedges:

Foreign exchange forward contracts

$

(348

)

$

3,345

Interest rate swap

(538

)

0

Net investment hedge

162

0

Total (loss) gain recognized in other comprehensive loss, net of taxes

$

(724

)

$

3,345

The following table illustrates the effective portion of gains and losses on derivative instruments recorded in other comprehensive 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 First Quarter and Prior Year Quarter (in thousands):

Condensed

Consolidated

Statements of Income

and Comprehensive

For the 14 Weeks

For the 13 Weeks

Derivative Contracts

Income

Ended

Ended

Under ASC 815

Location

April 5, 2014

March 30, 2013

Foreign exchange contracts designated as cash flow hedging instruments

Other (expense) income-net

Total loss reclassified from other comprehensive loss

$

(498

)

$

(46

)

Foreign exchange contracts not designated as hedging instruments

Other (expense) income-net

Total loss recognized in income

$

(148

)

$

0

Interest rate swap designated as cash flow hedging instruments

Interest expense

Total loss reclassified from other comprehensive loss

$

(465

)

$

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

April 5, 2014

December 28, 2013

April 5, 2014

December 28, 2013

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

$

2,279

Prepaid expenses and other current assets

$

3,289

Accrued expenses- other

$

5,859

Accrued expenses- other

$

7,651

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

2,617

Accrued expenses- other

2,783

Foreign exchange contracts designated as net investment hedges

Prepaid expenses and other current assets

255

Prepaid expenses and other current assets

0

Prepaid expenses and other current assets

0

Prepaid expenses and other current assets

0

Foreign exchange contracts designated as cash flow hedging instruments

Intangible and other assets- net

218

Intangible and other assets- net

219

Other long-term liabilities

185

Other long-term liabilities

563

Interest rate contracts designated as cash flow hedging instruments

Intangible and other assets- net

3,658

Intangible and other assets- net

4,307

Other long-term liabilities

1,322

Other long-term liabilities

1,693

Total

$

6,410

$

7,815

$

9,983

$

12,690

At the end of the First Quarter, the Company had forward contracts with maturities extending through September 2015. The estimated net amount of the existing gains or losses at April 5, 2014 that is expected to be reclassified into earnings within the next twelve months is a loss of $2.3 million. See “Note 1—Financial Statement Policies” for additional disclosures on foreign currency hedging instruments.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	Apr. 05, 2014
FAIR VALUE MEASUREMENTS	'
FAIR VALUE MEASUREMENTS	'
	11. 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 April 5, 2014 (in thousands):
		Fair Value at April 5, 2014
		Level 1		Level 2		Level 3		Total
	Assets:
	Forward contracts	$	0	$	2,752	$	0	$	2,752
	Deferred compensation plan assets:
	Investment in publicly traded mutual funds	2,424		0		0		2,424
	Interest rate swap	0		3,658		0		3,658
	Total	$	2,424	$	6,410	$	0	$	8,834
	Liabilities:
	Contingent consideration	$	0	$	0	$	8,053	$	8,053
	Forward contracts	0		6,044		0		6,044
	Interest rate swap	0		3,939		0		3,939
	Total	$	0	$	9,983	$	8,053	$	18,036
	The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 28, 2013 (in thousands):
		Fair Value at December 28, 2013
		Level 1		Level 2		Level 3		Total
	Assets:
	Forward contracts	$	0	$	3,508	$	0	$	3,508
	Deferred compensation plan assets:
	Investment in publicly traded mutual funds	2,360		0		0		2,360
	Interest rate swap	0		4,307		0		4,307
	Total	$	2,360	$	7,815	$	0	$	10,175
	Liabilities:
	Contingent consideration	$	0	$	0	$	8,084	8,084
	Forward contracts	0		8,214		0		8,214
	Interest rate swap	0		4,476		0		4,476
	Total	$	0	$	12,690	$	8,084	$	20,774
	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 as of April 5, 2014 and December 28, 2013 and believes, based on the interest rates, related terms and maturities, that the fair values of such instruments approximated their carrying amounts. As of April 5, 2014 and December 28, 2013, the carrying values of cash and cash equivalents, accounts receivable, accounts payable and accrued liabilities approximated their values due to the short-term maturities of these accounts.
	The fair value of the contingent consideration liability related to Fossil Spain was 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 forecasted 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, generally 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 2014 and 2015 ranges from 3% to 10%. Operating expenses are projected to be approximately 28% of revenues for calendar years 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.
	The fair values of the interest rate swap asset and liability are determined using valuation models based on market observable inputs, including forward curves, mid-market price, foreign exchange spot or forward rates, and volatility levels. See “Note 10—Derivatives and Risk Management” for additional disclosures about the interest rate swap.
	The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a nonrecurring basis as of April 5, 2014 (in thousands):
		For the 14 Weeks		Fair Value Measurements Using						Total
		Ended								Impairment
		April 5, 2014		Level 1		Level 2		Level 3		Charge
	Assets:
	Specific Company-owned stores	$	0	$	0	$	0	$	0	$	(282	)
	In accordance with the provisions of ASC 360, Property, Plant and Equipment, property, plant and equipment—net with a carrying amount of $0.3 million related to Company-owned retail store leasehold improvements and fixturing was fully impaired, resulting in an impairment charge of $0.3 million for the First Quarter.
	The fair values of assets related to the Company-owned retail stores were determined using Level 3 inputs. If undiscounted cash flows estimated to be generated through the operation of Company-owned retail stores are less than the carrying value of the underlying assets, the assets are impaired. If it is determined that the assets are impaired, the fair value of the assets is calculated using future estimated discounted cash flows, and then an impairment loss is recorded for the amount by which the assets’ book value exceeds their fair value. Impairment expenses related to Company-owned retail stores are recorded in selling, general and administrative expense within the Direct to consumer segment.

INTANGIBLE_AND_OTHER_ASSETS

INTANGIBLE AND OTHER ASSETS	3 Months Ended
	Apr. 05, 2014
INTANGIBLE AND OTHER ASSETS	'
INTANGIBLE AND OTHER ASSETS	'
	12. INTANGIBLE AND OTHER ASSETS
	The following table summarizes intangible and other assets (in thousands):
				April 5, 2014				December 28, 2013
		Useful		Gross		Accumulated		Gross		Accumulated
		Lives		Amount		Amortization		Amount		Amortization
	Intangibles-subject to amortization:
	Trademarks	10 yrs.		$	4,175	$	2,760	$	4,175	$	2,695
	Customer lists	5-10 yrs.		43,301		15,028		43,367		14,065
	Patents	3-20 yrs.		2,273		1,496		2,273		1,360
	Noncompete agreement	6 yrs.		1,911		637		1,913		558
	Other	7-20 yrs.		283		210		263		207
	Total intangibles-subject to amortization			51,943		20,131		51,991		18,885
	Intangibles-not subject to amortization:
	Trade names			83,658				83,659
	Other assets:
	Key money deposits			35,979		17,871		35,535		17,038
	Other deposits			23,563				22,574
	Deferred compensation plan assets			2,424				2,360
	Deferred tax asset-net			10,104				10,044
	Restricted cash			753				752
	Shop-in-shop			16,641		8,500		16,334		7,767
	Interest rate swap			3,658				4,307
	Other			2,290				4,466
	Total other assets			95,412		26,371		96,372		24,805
	Total intangible and other assets			$	231,013	$	46,502	$	232,022	$	43,690
	Total intangible and other assets-net					$	184,511			$	188,332
	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 for both the First Quarter and Prior Year Quarter. Estimated aggregate future amortization expense by fiscal year for intangible assets is as follows (in thousands):
	Fiscal Year	Amortization
		Expense
	2014 (remaining)	$	3,887
	2015	4,793
	2016	4,654
	2017	4,396
	2018	4,030
	2019	3,932

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Apr. 05, 2014
COMMITMENTS AND CONTINGENCIES	'
COMMITMENTS AND CONTINGENCIES	'
	13. COMMITMENTS AND CONTINGENCIES
	Litigation. The Company is occasionally subject to litigation or other legal proceedings in the normal course of its business. The Company does not believe that the outcome of any currently pending legal matters, individually or collectively, will have a material effect on the business or financial condition of the Company.

DEBT_ACTIVITY

DEBT ACTIVITY	3 Months Ended
	Apr. 05, 2014
DEBT ACTIVITY	'
DEBT ACTIVITY	'
	14. DEBT ACTIVITY
	During the First Quarter, the Company made principal payments of $6.3 million under its Term Loan. During the First Quarter, the Company also had net borrowings of $40.0 million under its U.S. revolving line of credit (the “Revolver”) which was used primarily to fund common stock repurchases, capital expenditures and normal operating expenses. Amounts available under the Revolver are reduced by any amounts outstanding under standby letters of credit. As of April 5, 2014, the Company had available borrowings of approximately $458.9 million under the Revolver. Amounts available under the Revolver were favorably impacted by a $182.0 million international cash balance. The Company incurred approximately $0.9 million and $1.3 million of interest expense related to the Term Loan and Revolver, respectively, during the First Quarter. The Company was in compliance with all covenants in the Term Loan and Revolver as of April 5, 2014.

FINANCIAL_STATEMENT_POLICIES_P

FINANCIAL STATEMENT POLICIES (Policies)	3 Months Ended
	Apr. 05, 2014
FINANCIAL STATEMENT POLICIES	'
Basis of Presentation	'
	Basis of Presentation. The condensed consolidated financial statements include the accounts of Fossil Group, Inc., a Delaware corporation, and its wholly and majority-owned subsidiaries (the “Company”).
	The Company’s fiscal year periodically results in a 53-week year instead of a normal 52-week year. The current fiscal year ending January 3, 2015 is a 53-week year, with the additional week being included in the first quarter. Accordingly, the information presented herein includes fourteen weeks of operations for the quarter ended April 5, 2014 (“First Quarter”) as compared to thirteen weeks included in the quarter ended March 30, 2013 (“Prior Year Quarter”). 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 April 5, 2014, and the results of operations for the First Quarter and Prior Year Quarter. 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 28, 2013 (the “2013 Form 10-K”). Operating results for the First Quarter and Prior Year Quarter are not necessarily indicative of the results to be achieved for the full fiscal year.
	The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), which require the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the periods reported. Actual results could differ from those estimates. The Company has not made any changes in its significant accounting policies from those disclosed in the 2013 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 is exposed to certain market risks relating to foreign exchange rates and interest rates.  The Company actively monitors and attempts to manage these exposures using derivative instruments including foreign currency 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 was to settle its Euro, British Pound, Canadian Dollar, Japanese Yen, Australian Dollar, and Mexican Peso forward contracts as of April 5, 2014, the net result would have been a net loss of approximately $2.3 million, net of taxes. To help protect against adverse fluctuations in interest rates, 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. To reduce exposure to changes in currency exchange rates adversely affecting the Company’s investment in a Euro-denominated subsidiary, the Company has entered into a forward contract designated as a net investment hedge.  The Company does not hold or issue derivative financial instruments for trading or speculative purposes.
	The Company applies the hedge accounting rules as required by Accounting Standards Codification (“ASC”) 815, Derivatives and Hedging (“ASC 815”). See “Note 10—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 14		For the 13
		Weeks Ended		Weeks Ended
		April 5, 2014		March 30, 2013
	Numerator:
	Net income attributable to Fossil Group, Inc.	$	66,343	$	72,186
	Denominator:
	Basic EPS computations:
	Basic weighted average common shares outstanding	54,125		59,393
	Basic EPS	$	1.23	$	1.22
	Diluted EPS computation:
	Basic weighted average common shares outstanding	54,125		59,393
	Stock options, stock appreciation rights and restricted stock units	226		390
	Diluted weighted average common shares outstanding	54,351		59,783
	Diluted EPS	$	1.22	$	1.21
	Approximately 217,700 and 201,000 shares issuable under stock-based awards were not included in the diluted EPS calculation at the end of the First Quarter and Prior Year Quarter, respectively, because they were antidilutive.

FINANCIAL_STATEMENT_POLICIES_T

FINANCIAL STATEMENT POLICIES (Tables)	3 Months Ended
	Apr. 05, 2014
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 14		For the 13
		Weeks Ended		Weeks Ended
		April 5, 2014		March 30, 2013
	Numerator:
	Net income attributable to Fossil Group, Inc.	$	66,343	$	72,186
	Denominator:
	Basic EPS computations:
	Basic weighted average common shares outstanding	54,125		59,393
	Basic EPS	$	1.23	$	1.22
	Diluted EPS computation:
	Basic weighted average common shares outstanding	54,125		59,393
	Stock options, stock appreciation rights and restricted stock units	226		390
	Diluted weighted average common shares outstanding	54,351		59,783
	Diluted EPS	$	1.22	$	1.21

ACQUISITIONS_DIVESTITURE_AND_G1

ACQUISITIONS, DIVESTITURE AND GOODWILL (Tables)	3 Months Ended
	Apr. 05, 2014
ACQUISITIONS, DIVESTITURE AND GOODWILL	'
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 Pacific			Total
		America			Wholesale			Wholesale
		Wholesale
	Balance at December 28, 2013	$	118,147		$	77,217		$	11,590		$	206,954
	Foreign currency changes	(2		)	(274		)	(13		)	(289		)
	Balance at April 5, 2014	$	118,145		$	76,943		$	11,577		$	206,665

INVENTORIES_Tables

INVENTORIES (Tables)	3 Months Ended
	Apr. 05, 2014
INVENTORIES	'
Schedule of inventories	'
	Inventories consisted of the following (in thousands):
		April 5,		December 28,
		2014		2013
	Components and parts	$	53,805	$	56,275
	Work-in-process	7,704		14,017
	Finished goods	540,353		500,427
	Inventories	$	601,862	$	570,719

WARRANTY_RESERVE_Tables

WARRANTY RESERVE (Tables)	3 Months Ended
	Apr. 05, 2014
WARRANTY RESERVE	'
Schedule of warranty liability activity	'
	Warranty liability activity consisted of the following (in thousands):
		For the 14			For the 13
		Weeks Ended			Weeks Ended
		April 5, 2014			March 30, 2013
	Beginning balance	$	15,658		$	13,383
	Settlements in cash or kind	(3,163		)	(2,461		)
	Warranties issued and adjustments to preexisting warranties (1)	3,364			2,396
	Liabilities assumed in acquisition	0			340
	Ending balance	$	15,859		$	13,658
	(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)	3 Months Ended
	Apr. 05, 2014
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 14			For the 13
		Weeks Ended			Weeks Ended
		April 5, 2014			March 30, 2013
	Income tax expense	$	31,480		$	28,894
	Income tax rate	31.3		%	28.1		%

STOCKHOLDERS_EQUITY_Tables

STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Apr. 05, 2014
STOCKHOLDERS' EQUITY	'
Schedule of common stock repurchase activity	'
	The following table reflects the Company’s common stock repurchase activity for the period indicated (in millions):
							For the 14 Weeks Ended				For the 13 Weeks Ended
							April 5, 2014				March 30, 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		1		$	117.3	0.2	$	18
	2010	$	30		None		0		$	0	0	$	0
	2010	$	750		December 2013 (1)		0		$	0	0.4	$	38.6
	(1)         In the Prior Year Quarter, the Company completed this repurchase plan.
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 28, 2013	$	1,068,677		$	6,690		$	1,075,367
	Net income	66,343			2,818			69,161
	Currency translation adjustment	(1,125		)	0			(1,125		)
	Derivative instruments - net change	239			0			239
	Common stock issued upon exercise of stock options and stock appreciation rights	759			0			759
	Tax benefit derived from stock-based compensation	938			0			938
	Distribution of noncontrolling interest earnings and other	0			(5,391		)	(5,391		)
	Acquisition of common stock	(119,715		)	0			(119,715		)
	Stock-based compensation expense	4,978			0			4,978
	Balance at April 5, 2014	$	1,021,094		$	4,117		$	1,025,211
		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	72,186			1,794			73,980
	Currency translation adjustment	(19,837		)	0			(19,837		)
	Unrealized loss on securities available for sale	(71		)	0			(71		)
	Forward contracts hedging intercompany foreign currency payments - change in fair values	3,391			0			3,391
	Common stock issued upon exercise of stock options and stock appreciation rights	1,991			0			1,991
	Tax benefit derived from stock-based compensation	4,082			0			4,082
	Distribution of noncontrolling interest earnings	0			(4		)	(4		)
	Acquisition of common stock	(61,188		)	0			(61,188		)
	Stock-based compensation expense	2,546			0			2,546
	Balance at March 30, 2013	$	1,236,635		$	8,719		$	1,245,354

EMPLOYEE_BENEFIT_PLANS_Tables

EMPLOYEE BENEFIT PLANS (Tables)	3 Months Ended
	Apr. 05, 2014
EMPLOYEE BENEFIT PLANS	'
Summary of stock options and stock appreciation rights activity	'
						Weighted-
						Average
				Weighted-		Remaining	Aggregate
				Average		Contractual	Intrinsic
	Stock Options and Stock Appreciation Rights	Shares		Exercise Price		Term (Years)	Value
		in thousands					in thousands
	Outstanding at December 28, 2013	678		$	76.15	6.2	$	31,794
	Granted	84		113.04
	Exercised	(21	)	36.01			1,758
	Forfeited or expired	(3	)	117.39
	Outstanding at April 5, 2014	738		81.38		6.2	28,427
	Exercisable at April 5, 2014	538		$	68.86	5.7	$	27,277
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 April 5, 2014:
	Stock Options Outstanding						Stock Options Exercisable
						Weighted-
				Weighted-		Average			Weighted-
				Average		Remaining			Average
	Range of	Number of		Exercise		Contractual	Number of		Exercise
	Exercise Prices	Shares		Price		Term (Years)	Shares		Price
		in thousands					in thousands
	$13.65 - $21.51	77		$	15.34	4.2	77		$	15.34
	$21.51 - $34.59	60		29.39		2.8	60		29.39
	$34.59 - $67.10	76		39.8		5.3	76		39.8
	$67.10 - $116.88	111		80.91		7	107		80.76
	$116.88 - $131.46	176		128.09		7.9	115		128.02
	Total	500		$	75.04	6.1	435		$	67.5
	Stock Appreciation Rights Outstanding						Stock Appreciation Rights Exercisable
						Weighted-
				Weighted-		Average			Weighted-
				Average		Remaining			Average
	Range of	Number of		Exercise		Contractual	Number of		Exercise
	Exercise Prices	Shares		Price		Term (Years)	Shares		Price
		in thousands					in thousands
	$13.65 - $21.51	20		$	13.65	3	20		$	13.65
	$21.51 - $34.59	6		30.71		2	6		30.71
	$34.59 - $67.10	16		42.68		4.3	14		39.87
	$67.10 - $116.88	155		104.1		7.2	36		87.68
	$116.88 - $131.46	41		127.91		5.8	27		127.91
	Total	238		$	94.71	6.3	103		$	74.6
Summary of restricted stock and restricted stock unit activity	'
	Restricted Stock and Restricted Stock Units	Number of Shares		Weighted-Average
				Grant Date Fair
				Value
		in thousands
	Nonvested at December 28, 2013	219		$	99.27
	Granted	133		113.1
	Vested	(87	)	86.2
	Forfeited	(2	)	103.26
	Nonvested at April 5, 2014	263		$	110.6

ACCUMULATED_OTHER_COMPREHENSIV1

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	3 Months Ended
	Apr. 05, 2014
ACCUMULATED OTHER COMPREHENSIVE INCOME	'
Schedule of changes in the 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 14 Weeks Ended April 5, 2014
		Currency			Forward			Interest Rate			Net			Pension		Total
		Translation			Contracts			Swap			Investment			Plan
		Adjustments									Hedges
	Beginning balance	$	38,152		$	(2,091	)	$	(106	)	$	0		$	736	$	36,691
	Other comprehensive (loss) income before reclassifications, net of tax benefit of $288	(1,125		)	(348		)	(538		)	162			0		(1,849		)
	Amounts reclassed from accumulated other comprehensive (loss) income, net of tax benefit of $597	0			(498		)	(465		)	0			0		(963		)
	Total other comprehensive (loss) income	(1,125		)	150			(73		)	162			0		(886		)
	Ending balance	$	37,027		$	(1,941	)	$	(179	)	$	162		$	736	$	35,805
		For the 13 Weeks Ended March 30, 2013
		Currency			Securities			Forward			Total
		Translation			Available for			Contracts
		Adjustments			Sale
	Beginning balance	$	30,181		$	(475	)	$	(946	)	$	28,760
	Other comprehensive (loss) income before reclassifications, net of tax benefit of $3,474	(19,837		)	(71		)	3,345			(16,563		)
	Amounts reclassed from accumulated other comprehensive (loss) income, net of tax expense of $87	0			0			(46		)	(46		)
	Total other comprehensive (loss) income	(19,837		)	(71		)	3,391			(16,517		)
	Ending balance	$	10,344		$	(546	)	$	2,445		$	12,243

SEGMENT_INFORMATION_Tables

SEGMENT INFORMATION (Tables)	3 Months Ended
	Apr. 05, 2014
SEGMENT INFORMATION	'
Summary information by operating segment	'
	Summary information by operating segment was as follows (in thousands):
		For the 14 Weeks Ended						For the 13 Weeks Ended
		April 5, 2014						March 30, 2013
		Net Sales			Operating			Net Sales			Operating
					Income						Income
	North America wholesale:
	External customers	$	272,796		$	52,879		$	255,165		$	60,408
	Intersegment	48,191						45,946
	Europe wholesale:
	External customers	205,663			51,960			173,906			38,547
	Intersegment	49,198						40,688
	Asia Pacific wholesale:
	External customers	103,560			31,120			86,776			27,550
	Intersegment	244,147						202,196
	Direct to consumer	194,525			16,286			165,052			7,112
	Intersegment items	(341,536		)				(288,830		)
	Corporate				(47,547		)				(39,296		)
	Consolidated	$	776,544		$	104,698		$	680,899		$	94,321
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 14 Weeks Ended					For the 13 Weeks Ended
		April 5, 2014					March 30, 2013
		Net Sales			Percentage of		Net Sales			Percentage of
					Total					Total
	Watches	$	601,388		77.5	%	$	513,017		75.3	%
	Leathers	99,722			12.8		102,788			15.1
	Jewelry	56,518			7.3		42,314			6.2
	Other	18,916			2.4		22,780			3.4
	Total	$	776,544		100	%	$	680,899		100	%

DERIVATIVES_AND_RISK_MANAGEMEN1

DERIVATIVES AND RISK MANAGEMENT (Tables)

3 Months Ended

Apr. 05, 2014

Derivatives

'

Schedule of outstanding forward contracts

'

As of April 5, 2014, 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

176.5

U.S. Dollar

238.3

British Pound

21

U.S. Dollar

33.4

Canadian Dollar

30.5

U.S. Dollar

28.5

Japanese Yen

2,312.00

U.S. Dollar

23.4

Australian Dollar

13.2

U.S. Dollar

11.8

Mexican Peso

145.7

U.S. Dollar

11

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 First Quarter and Prior Year Quarter is set forth below (in thousands):

For the 14 Weeks

For the 13 Weeks

Derivative Contracts

Ended

Ended

Under ASC 815

April 5, 2014

March 30, 2013

Cash flow hedges:

Foreign exchange forward contracts

$

(348

)

$

3,345

Interest rate swap

(538

)

0

Net investment hedge

162

0

Total (loss) gain recognized in other comprehensive loss, net of taxes

$

(724

)

$

3,345

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 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 First Quarter and Prior Year Quarter (in thousands):

Condensed

Consolidated

Statements of Income

and Comprehensive

For the 14 Weeks

For the 13 Weeks

Derivative Contracts

Income

Ended

Ended

Under ASC 815

Location

April 5, 2014

March 30, 2013

Foreign exchange contracts designated as cash flow hedging instruments

Other (expense) income-net

Total loss reclassified from other comprehensive loss

$

(498

)

$

(46

)

Foreign exchange contracts not designated as hedging instruments

Other (expense) income-net

Total loss recognized in income

$

(148

)

$

0

Interest rate swap designated as cash flow hedging instruments

Interest expense

Total loss reclassified from other comprehensive loss

$

(465

)

$

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

April 5, 2014

December 28, 2013

April 5, 2014

December 28, 2013

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

$

2,279

Prepaid expenses and other current assets

$

3,289

Accrued expenses- other

$

5,859

Accrued expenses- other

$

7,651

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

2,617

Accrued expenses- other

2,783

Foreign exchange contracts designated as net investment hedges

Prepaid expenses and other current assets

255

Prepaid expenses and other current assets

0

Prepaid expenses and other current assets

0

Prepaid expenses and other current assets

0

Foreign exchange contracts designated as cash flow hedging instruments

Intangible and other assets- net

218

Intangible and other assets- net

219

Other long-term liabilities

185

Other long-term liabilities

563

Interest rate contracts designated as cash flow hedging instruments

Intangible and other assets- net

3,658

Intangible and other assets- net

4,307

Other long-term liabilities

1,322

Other long-term liabilities

1,693

Total

$

6,410

$

7,815

$

9,983

$

12,690

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Apr. 05, 2014
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 April 5, 2014 (in thousands):
		Fair Value at April 5, 2014
		Level 1		Level 2		Level 3		Total
	Assets:
	Forward contracts	$	0	$	2,752	$	0	$	2,752
	Deferred compensation plan assets:
	Investment in publicly traded mutual funds	2,424		0		0		2,424
	Interest rate swap	0		3,658		0		3,658
	Total	$	2,424	$	6,410	$	0	$	8,834
	Liabilities:
	Contingent consideration	$	0	$	0	$	8,053	$	8,053
	Forward contracts	0		6,044		0		6,044
	Interest rate swap	0		3,939		0		3,939
	Total	$	0	$	9,983	$	8,053	$	18,036
	The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of December 28, 2013 (in thousands):
		Fair Value at December 28, 2013
		Level 1		Level 2		Level 3		Total
	Assets:
	Forward contracts	$	0	$	3,508	$	0	$	3,508
	Deferred compensation plan assets:
	Investment in publicly traded mutual funds	2,360		0		0		2,360
	Interest rate swap	0		4,307		0		4,307
	Total	$	2,360	$	7,815	$	0	$	10,175
	Liabilities:
	Contingent consideration	$	0	$	0	$	8,084	8,084
	Forward contracts	0		8,214		0		8,214
	Interest rate swap	0		4,476		0		4,476
	Total	$	0	$	12,690	$	8,084	$	20,774
Schedule of the fair value hierarchy of assets and liabilities measured at fair value on a nonrecurring basis	'
	The following table presents the fair value hierarchy for those assets and liabilities measured at fair value on a nonrecurring basis as of April 5, 2014 (in thousands):
		For the 14 Weeks		Fair Value Measurements Using						Total
		Ended								Impairment
		April 5, 2014		Level 1		Level 2		Level 3		Charge
	Assets:
	Specific Company-owned stores	$	0	$	0	$	0	$	0	$	(282	)

INTANGIBLE_AND_OTHER_ASSETS_Ta

INTANGIBLE AND OTHER ASSETS (Tables)	3 Months Ended
	Apr. 05, 2014
INTANGIBLE AND OTHER ASSETS	'
Schedule of intangible and other assets	'
	The following table summarizes intangible and other assets (in thousands):
				April 5, 2014				December 28, 2013
		Useful		Gross		Accumulated		Gross		Accumulated
		Lives		Amount		Amortization		Amount		Amortization
	Intangibles-subject to amortization:
	Trademarks	10 yrs.		$	4,175	$	2,760	$	4,175	$	2,695
	Customer lists	5-10 yrs.		43,301		15,028		43,367		14,065
	Patents	3-20 yrs.		2,273		1,496		2,273		1,360
	Noncompete agreement	6 yrs.		1,911		637		1,913		558
	Other	7-20 yrs.		283		210		263		207
	Total intangibles-subject to amortization			51,943		20,131		51,991		18,885
	Intangibles-not subject to amortization:
	Trade names			83,658				83,659
	Other assets:
	Key money deposits			35,979		17,871		35,535		17,038
	Other deposits			23,563				22,574
	Deferred compensation plan assets			2,424				2,360
	Deferred tax asset-net			10,104				10,044
	Restricted cash			753				752
	Shop-in-shop			16,641		8,500		16,334		7,767
	Interest rate swap			3,658				4,307
	Other			2,290				4,466
	Total other assets			95,412		26,371		96,372		24,805
	Total intangible and other assets			$	231,013	$	46,502	$	232,022	$	43,690
	Total intangible and other assets-net					$	184,511			$	188,332
Schedule of estimated aggregate future amortization expense by fiscal year for intangible assets	'
	Estimated aggregate future amortization expense by fiscal year for intangible assets is as follows (in thousands):
	Fiscal Year	Amortization
		Expense
	2014 (remaining)	$	3,887
	2015	4,793
	2016	4,654
	2017	4,396
	2018	4,030
	2019	3,932

FINANCIAL_STATEMENT_POLICIES_D

FINANCIAL STATEMENT POLICIES (Details) (USD $)	3 Months Ended
	Apr. 05, 2014	Mar. 30, 2013
Hedging Instruments	'	'
Unrealized net loss on foreign currency forward contracts, if settled	$2,300,000	'
Numerator:	'	'
Net income attributable to Fossil Group, Inc.	$66,343,000	$72,186,000
Denominator:	'	'
Basic weighted average common shares outstanding	54,125,000	59,393,000
Basic EPS (in dollars per share)	$1.23	$1.22
Diluted EPS computation:	'	'
Basic weighted average common shares outstanding	54,125,000	59,393,000
Stock options, stock appreciation rights and restricted stock units (in shares)	226,000	390,000
Diluted weighted average common shares outstanding	54,351,000	59,783,000
Diluted EPS (in dollars per share)	$1.22	$1.21
Other EPS Disclosures	'	'
Shares issuable under stock-based awards not included in the diluted EPS calculation	217,700	201,000

ACQUISITIONS_DIVESTITURE_AND_G2

ACQUISITIONS, DIVESTITURE AND GOODWILL (Details)

3 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

Apr. 05, 2014

Mar. 30, 2013

Dec. 28, 2013

Dec. 31, 2012

Dec. 28, 2013

Dec. 28, 2013

Dec. 28, 2013

Apr. 05, 2014

Apr. 05, 2014

Dec. 19, 2013

Dec. 19, 2013

Aug. 10, 2012

Dec. 29, 2012

Dec. 29, 2012

Apr. 05, 2014

Apr. 05, 2014

Apr. 05, 2014

Apr. 05, 2014

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

Fossil Spain

Fossil Spain

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

General De Relojeria

General De Relojeria

item

USD ($)

EUR (€)

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%

'

'

'

'

'

'

Remeasurement of investment in Fossil Spain to fair value

$0

$6,410,000

'

'

$6,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Goodwill

206,665,000

'

206,954,000

8,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

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

Dividends, Common Stock, Cash

'

'

'

'

'

'

'

'

'

2,500,000

1,800,000

'

'

'

'

'

'

'

Contingent Consideration

'

'

'

'

'

3,000,000

2,200,000

9,700,000

7,100,000

'

'

'

'

'

'

'

'

'

Number of Latin American countries in which Bentrani is a distributor

'

'

'

16

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Period of partnership with Company

'

'

'

'10 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Acquisition amount

'

'

'

26,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Purchase price paid in cash

'

'

'

19,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Payable forgiven

'

'

'

$7,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

ACQUISITIONS_DIVESTITURE_AND_G3

ACQUISITIONS, DIVESTITURE AND GOODWILL (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 05, 2014
Changes in carrying amount of goodwill	'
Beginning Balance	$206,954
Foreign currency changes	-289
Ending Balance	206,665
North America Wholesale	'
Changes in carrying amount of goodwill	'
Beginning Balance	118,147
Foreign currency changes	-2
Ending Balance	118,145
Europe Wholesale	'
Changes in carrying amount of goodwill	'
Beginning Balance	77,217
Foreign currency changes	-274
Ending Balance	76,943
Asia Pacific Wholesale	'
Changes in carrying amount of goodwill	'
Beginning Balance	11,590
Foreign currency changes	-13
Ending Balance	$11,577

INVENTORIES_Details

INVENTORIES (Details) (USD $)	Apr. 05, 2014	Dec. 28, 2013
In Thousands, unless otherwise specified
INVENTORIES	'	'
Components and parts	$53,805	$56,275
Work-in-process	7,704	14,017
Finished goods	540,353	500,427
Inventories	$601,862	$570,719

WARRANTY_RESERVE_Details

WARRANTY RESERVE (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013
Warranty liability activity	'	'
Beginning balance	$15,658	$13,383
Settlements in cash or kind	-3,163	-2,461
Warranties issued and adjustments to preexisting warranties	3,364	2,396
Liabilities assumed in acquisition	0	340
Ending balance	$15,859	$13,658
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
	Apr. 05, 2014	Mar. 30, 2013
INCOME TAXES	'	'
Income tax expense	$31,480,000	$28,894,000
Income tax rate (as a percent)	31.30%	28.10%
Unrecognized tax benefits	15,200,000	'
Unrecognized tax benefits that would impact effective tax rate	10,000,000	'
Unrecognized tax benefits excluding interest and penalties	400,000	'
Total amount of accrued income tax-related interest	1,400,000	'
Penalties accrued	400,000	'
Accrued income tax-related interest expense	$200,000	'

STOCKHOLDERS_EQUITY_Details

STOCKHOLDERS' EQUITY (Details) (USD $)	3 Months Ended
Share data in Millions, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013
Common and Preferred Stock	'	'
Authorizations remaining	$376,400,000	'
Stock repurchase plans | Common stock	'	'
Common Stock Repurchase Programs	'	'
Treasury stock effectively retired (in shares)	1	'
Treasury stock effectively retired	10,000	'
Stock repurchase plans | Additional paid-in capital	'	'
Common Stock Repurchase Programs	'	'
Treasury stock effectively retired	800,000	'
Stock repurchase plans | Retained earnings	'	'
Common Stock Repurchase Programs	'	'
Treasury stock effectively retired	116,500,000	'
Stock repurchase plans | Treasury stock	'	'
Common Stock Repurchase Programs	'	'
Treasury stock effectively retired	117,300,000	'
Repurchase program with termination date of December 2016	'	'
Common Stock Repurchase Programs	'	'
Common stock authorized amount, value	1,000,000,000	'
Number of shares repurchased	1	0.2
Common stock repurchased, value	117,300,000	18,000,000
Share repurchase plan with no termination date	'	'
Common Stock Repurchase Programs	'	'
Common stock authorized amount, value	30,000,000	'
Number of shares repurchased	0	0
Common stock repurchased, value	0	0
Share repurchase plan with December 2013 termination date	'	'
Common Stock Repurchase Programs	'	'
Common stock authorized amount, value	750,000,000	'
Number of shares repurchased	0	0.4
Common stock repurchased, value	$0	$38,600,000

STOCKHOLDERS_EQUITY_Details_2

STOCKHOLDERS' EQUITY (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013
Summary of changes in equity attributable to controlling and noncontrolling interest	'	'
Balance	$1,075,367	$1,240,464
Net income	69,161	73,980
Currency translation adjustment	-1,125	-19,837
Unrealized loss on securities available for sale	0	-71
Derivative instruments - change in fair values	239	3,391
Common stock issued upon exercise of stock options and stock appreciation rights	759	1,991
Tax benefit derived from stock-based compensation	938	4,082
Distribution of noncontrolling interest earnings	-5,391	-4
Acquisition of common stock	-119,715	-61,188
Stock-based compensation expense	4,978	2,546
Balance	1,025,211	1,245,354
Forward contracts hedging intercompany foreign currency payments	'	'
Summary of changes in equity attributable to controlling and noncontrolling interest	'	'
Derivative instruments - change in fair values	'	3,391
Fossil Group, Inc. Stockholders' Equity	'	'
Summary of changes in equity attributable to controlling and noncontrolling interest	'	'
Balance	1,068,677	1,233,535
Net income	66,343	72,186
Currency translation adjustment	-1,125	-19,837
Unrealized loss on securities available for sale	'	-71
Derivative instruments - change in fair values	239	'
Common stock issued upon exercise of stock options and stock appreciation rights	759	1,991
Tax benefit derived from stock-based compensation	938	4,082
Distribution of noncontrolling interest earnings	0	0
Acquisition of common stock	-119,715	-61,188
Stock-based compensation expense	4,978	2,546
Balance	1,021,094	1,236,635
Fossil Group, Inc. Stockholders' Equity | Forward contracts hedging intercompany foreign currency payments	'	'
Summary of changes in equity attributable to controlling and noncontrolling interest	'	'
Derivative instruments - change in fair values	'	3,391
Noncontrolling Interest	'	'
Summary of changes in equity attributable to controlling and noncontrolling interest	'	'
Balance	6,690	6,929
Net income	2,818	1,794
Currency translation adjustment	0	0
Unrealized loss on securities available for sale	'	0
Derivative instruments - change in fair values	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	-5,391	-4
Acquisition of common stock	0	0
Stock-based compensation expense	0	0
Balance	4,117	8,719
Noncontrolling Interest | Forward contracts hedging intercompany foreign currency payments	'	'
Summary of changes in equity attributable to controlling and noncontrolling interest	'	'
Derivative instruments - change in fair values	'	$0

EMPLOYEE_BENEFIT_PLANS_Details

EMPLOYEE BENEFIT PLANS (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Apr. 05, 2014	Dec. 28, 2013
Shares	'	'
Beginning Balance, Shares	678	'
Granted (in shares)	84	'
Exercised (in shares)	-21	'
Forfeited or expired (in shares)	-3	'
Ending Balance, Shares	738	678
Exercisable at end of period (in shares)	538	'
Weighted-Average Exercise Price Per Share	'	'
Beginning Balance, Weighted-average Exercise Price (in dollars per share)	$76.15	'
Granted (in dollars per share)	$113.04	'
Exercised (in dollars per share)	$36.01	'
Forfeited or expired (in dollars per share)	$117.39	'
Ending Balance, Weighted-average Exercise Price (in dollars per share)	$81.38	$76.15
Stock Options and Stock Appreciation Rights Exercisable, Weighted- Average Exercise Price (in dollars per share)	$68.86	'
Weighted-Average Remaining Contractual Term	'	'
Beginning of period	'6 years 2 months 12 days	'6 years 2 months 12 days
End of period	'6 years 2 months 12 days	'6 years 2 months 12 days
Exercisable at end of period	'5 years 8 months 12 days	'
Aggregate Intrinsic Value	'	'
Beginning of period	$31,794	'
Exercised	1,758	'
End of period	28,427	31,794
Exercisable at end of period	$27,277	'

EMPLOYEE_BENEFIT_PLANS_Details1

EMPLOYEE BENEFIT PLANS (Details 2) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Apr. 05, 2014
Stock options	'
Stock-based compensation plans disclosures	'
Stock Options Outstanding, Number Of Shares	500
Stock Options Outstanding, Weighted- Average Exercise Price (in dollars per share)	$75.04
Stock Options Outstanding, Weighted- Average Remaining Contractual Term	'6 years 1 month 6 days
Stock Options Exercisable, Number Of Shares	435
Stock Options Exercisable, Weighted- Average Exercise Price (in dollars per share)	$67.50
Stock appreciation rights	'
Stock-based compensation plans disclosures	'
Stock Appreciation Rights Outstanding, Number Of Shares	238
Stock Appreciation Rights Outstanding, Weighted- Average Exercise Price (in dollars per share)	$94.71
Stock Appreciation Rights Outstanding, Weighted- Average Remaining Contractual Term	'6 years 3 months 18 days
Stock Appreciation Rights Exercisable, Number Of Shares	103
Stock Appreciation Rights Exercisable, Weighted- Average Exercise Price (in dollars per share)	$74.60
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	77
Stock Options Outstanding, Weighted- Average Exercise Price (in dollars per share)	$15.34
Stock Options Outstanding, Weighted- Average Remaining Contractual Term	'4 years 2 months 12 days
Stock Options Exercisable, Number Of Shares	77
Stock Options Exercisable, Weighted- Average Exercise Price (in dollars per share)	$15.34
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	20
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
Stock Appreciation Rights Exercisable, Number Of Shares	20
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	60
Stock Options Outstanding, Weighted- Average Exercise Price (in dollars per share)	$29.39
Stock Options Outstanding, Weighted- Average Remaining Contractual Term	'2 years 9 months 18 days
Stock Options Exercisable, Number Of Shares	60
Stock Options Exercisable, Weighted- Average Exercise Price (in dollars per share)	$29.39
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	6
Stock Appreciation Rights Outstanding, Weighted- Average Exercise Price (in dollars per share)	$30.71
Stock Appreciation Rights Outstanding, Weighted- Average Remaining Contractual Term	'2 years
Stock Appreciation Rights Exercisable, Number Of Shares	6
Stock Appreciation Rights Exercisable, Weighted- Average Exercise Price (in dollars per share)	$30.71
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	76
Stock Options Outstanding, Weighted- Average Exercise Price (in dollars per share)	$39.80
Stock Options Outstanding, Weighted- Average Remaining Contractual Term	'5 years 3 months 18 days
Stock Options Exercisable, Number Of Shares	76
Stock Options Exercisable, Weighted- Average Exercise Price (in dollars per share)	$39.80
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	16
Stock Appreciation Rights Outstanding, Weighted- Average Exercise Price (in dollars per share)	$42.68
Stock Appreciation Rights Outstanding, Weighted- Average Remaining Contractual Term	'4 years 3 months 18 days
Stock Appreciation Rights Exercisable, Number Of Shares	14
Stock Appreciation Rights Exercisable, Weighted- Average Exercise Price (in dollars per share)	$39.87
Range Of Exercise Prices $67.10 - $116.88 | 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)	$116.88
Stock Options Outstanding, Number Of Shares	111
Stock Options Outstanding, Weighted- Average Exercise Price (in dollars per share)	$80.91
Stock Options Outstanding, Weighted- Average Remaining Contractual Term	'7 years
Stock Options Exercisable, Number Of Shares	107
Stock Options Exercisable, Weighted- Average Exercise Price (in dollars per share)	$80.76
Range Of Exercise Prices $67.10 - $116.88 | 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)	$116.88
Stock Appreciation Rights Outstanding, Number Of Shares	155
Stock Appreciation Rights Outstanding, Weighted- Average Exercise Price (in dollars per share)	$104.10
Stock Appreciation Rights Outstanding, Weighted- Average Remaining Contractual Term	'7 years 2 months 12 days
Stock Appreciation Rights Exercisable, Number Of Shares	36
Stock Appreciation Rights Exercisable, Weighted- Average Exercise Price (in dollars per share)	$87.68
Range Of Exercise Prices $116.88 - $131.46 | Stock options	'
Stock-based compensation plans disclosures	'
Stock Options Outstanding, lower range (in dollars per share)	$116.88
Stock Options Outstanding, upper range (in dollars per share)	$131.46
Stock Options Outstanding, Number Of Shares	176
Stock Options Outstanding, Weighted- Average Exercise Price (in dollars per share)	$128.09
Stock Options Outstanding, Weighted- Average Remaining Contractual Term	'7 years 10 months 24 days
Stock Options Exercisable, Number Of Shares	115
Stock Options Exercisable, Weighted- Average Exercise Price (in dollars per share)	$128.02
Range Of Exercise Prices $116.88 - $131.46 | Stock appreciation rights	'
Stock-based compensation plans disclosures	'
Stock Appreciation Rights Outstanding, lower range (in dollars per share)	$116.88
Stock Appreciation Rights Outstanding, upper range (in dollars per share)	$131.46
Stock Appreciation Rights Outstanding, Number Of Shares	41
Stock Appreciation Rights Outstanding, Weighted- Average Exercise Price (in dollars per share)	$127.91
Stock Appreciation Rights Outstanding, Weighted- Average Remaining Contractual Term	'5 years 9 months 18 days
Stock Appreciation Rights Exercisable, Number Of Shares	27
Stock Appreciation Rights Exercisable, Weighted- Average Exercise Price (in dollars per share)	$127.91

EMPLOYEE_BENEFIT_PLANS_Details2

EMPLOYEE BENEFIT PLANS (Details 3) (Restricted Stock and Restricted Stock Units, USD $)	3 Months Ended
In Millions, except Share data in Thousands, unless otherwise specified	Apr. 05, 2014
Restricted Stock and Restricted Stock Units	'
Nonvested, Number of Shares	'
Nonvested, beginning balance (in shares)	219
Granted (in shares)	133
Vested (in shares)	-87
Forfeited (in shares)	-2
Nonvested, ending balance (in shares)	263
Nonvested, Weighted-Average Grant Date Fair Value	'
Nonvested, beginning balance (in dollars per share)	$99.27
Granted (in dollars per share)	$113.10
Vested (in dollars per share)	$86.20
Forfeited (in dollars per share)	$103.26
Nonvested, ending balance (in dollars per share)	$110.60
Fair value of restricted stock and restricted stock units, vested	$9.90

ACCUMULATED_OTHER_COMPREHENSIV2

ACCUMULATED OTHER COMPREHENSIVE INCOME (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013
Changes in the balances of each component of accumulated other comprehensive income, net of taxes	'	'
Beginning balance	$36,691	$28,760
Other comprehensive (loss) income before reclassifications, net of tax benefit of $288 and $3,474 for the 14 weeks ended April 5, 2014 and 13 weeks ended March 30, 2013, respectively	-1,849	-16,563
Other comprehensive (loss) income before reclassifications, tax benefit	288	3,474
Amounts reclassed from accumulated other comprehensive (loss) income, net of tax (benefit)/expense of $597 and $87 for the 14 weeks ended April 5, 2014 and 13 weeks ended March 30, 2013, respectively	-963	-46
Amounts reclassified from accumulated other comprehensive (loss) income, tax (benefit) expense	-597	87
Total other comprehensive loss	-886	-16,517
Ending balance	35,805	12,243
Currency Translation Adjustments	'	'
Changes in the balances of each component of accumulated other comprehensive income, net of taxes	'	'
Beginning balance	38,152	30,181
Other comprehensive (loss) income before reclassifications, net of tax benefit of $288 and $3,474 for the 14 weeks ended April 5, 2014 and 13 weeks ended March 30, 2013, respectively	-1,125	-19,837
Amounts reclassed from accumulated other comprehensive (loss) income, net of tax (benefit)/expense of $597 and $87 for the 14 weeks ended April 5, 2014 and 13 weeks ended March 30, 2013, respectively	0	0
Total other comprehensive loss	-1,125	-19,837
Ending balance	37,027	10,344
Securities Available for Sale	'	'
Changes in the balances of each component of accumulated other comprehensive income, net of taxes	'	'
Beginning balance	'	-475
Other comprehensive (loss) income before reclassifications, net of tax benefit of $288 and $3,474 for the 14 weeks ended April 5, 2014 and 13 weeks ended March 30, 2013, respectively	'	-71
Amounts reclassed from accumulated other comprehensive (loss) income, net of tax (benefit)/expense of $597 and $87 for the 14 weeks ended April 5, 2014 and 13 weeks ended March 30, 2013, respectively	'	0
Total other comprehensive loss	'	-71
Ending balance	'	-546
Derivatives Designated as Cash Flow Hedges | Forward Contracts	'	'
Changes in the balances of each component of accumulated other comprehensive income, net of taxes	'	'
Beginning balance	-2,091	-946
Other comprehensive (loss) income before reclassifications, net of tax benefit of $288 and $3,474 for the 14 weeks ended April 5, 2014 and 13 weeks ended March 30, 2013, respectively	-348	3,345
Amounts reclassed from accumulated other comprehensive (loss) income, net of tax (benefit)/expense of $597 and $87 for the 14 weeks ended April 5, 2014 and 13 weeks ended March 30, 2013, respectively	-498	-46
Total other comprehensive loss	150	3,391
Ending balance	-1,941	2,445
Derivatives Designated as Cash Flow Hedges | Interest Rate Swap	'	'
Changes in the balances of each component of accumulated other comprehensive income, net of taxes	'	'
Beginning balance	-106	'
Other comprehensive (loss) income before reclassifications, net of tax benefit of $288 and $3,474 for the 14 weeks ended April 5, 2014 and 13 weeks ended March 30, 2013, respectively	-538	'
Amounts reclassed from accumulated other comprehensive (loss) income, net of tax (benefit)/expense of $597 and $87 for the 14 weeks ended April 5, 2014 and 13 weeks ended March 30, 2013, respectively	-465	'
Total other comprehensive loss	-73	'
Ending balance	-179	'
Net Investment Hedges	'	'
Changes in the balances of each component of accumulated other comprehensive income, net of taxes	'	'
Beginning balance	0	'
Other comprehensive (loss) income before reclassifications, net of tax benefit of $288 and $3,474 for the 14 weeks ended April 5, 2014 and 13 weeks ended March 30, 2013, respectively	162	'
Amounts reclassed from accumulated other comprehensive (loss) income, net of tax (benefit)/expense of $597 and $87 for the 14 weeks ended April 5, 2014 and 13 weeks ended March 30, 2013, respectively	0	'
Total other comprehensive loss	162	'
Ending balance	162	'
Pension Plan	'	'
Changes in the balances of each component of accumulated other comprehensive income, net of taxes	'	'
Beginning balance	736	'
Other comprehensive (loss) income before reclassifications, net of tax benefit of $288 and $3,474 for the 14 weeks ended April 5, 2014 and 13 weeks ended March 30, 2013, respectively	0	'
Amounts reclassed from accumulated other comprehensive (loss) income, net of tax (benefit)/expense of $597 and $87 for the 14 weeks ended April 5, 2014 and 13 weeks ended March 30, 2013, respectively	0	'
Total other comprehensive loss	0	'
Ending balance	$736	'

SEGMENT_INFORMATION_Details

SEGMENT INFORMATION (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013
Summary information by operating segment	'	'
Net Sales	$776,544	$680,899
Operating Income	104,698	94,321
Intersegment	'	'
Summary information by operating segment	'	'
Net Sales	-320,265	-288,830
Corporate	'	'
Summary information by operating segment	'	'
Operating Income	-47,547	-39,296
North America wholesale	'	'
Summary information by operating segment	'	'
Net Sales	272,796	255,165
North America wholesale | Operating Segment	'	'
Summary information by operating segment	'	'
Operating Income	52,879	60,408
North America wholesale | Intersegment	'	'
Summary information by operating segment	'	'
Net Sales	47,174	45,946
Europe wholesale	'	'
Summary information by operating segment	'	'
Net Sales	205,663	173,906
Europe wholesale | Operating Segment	'	'
Summary information by operating segment	'	'
Operating Income	51,960	38,547
Europe wholesale | Intersegment	'	'
Summary information by operating segment	'	'
Net Sales	33,489	40,688
Asia Pacific wholesale	'	'
Summary information by operating segment	'	'
Net Sales	103,560	86,776
Asia Pacific wholesale | Operating Segment	'	'
Summary information by operating segment	'	'
Operating Income	31,120	27,550
Asia Pacific wholesale | Intersegment	'	'
Summary information by operating segment	'	'
Net Sales	239,602	202,196
Direct to consumer	'	'
Summary information by operating segment	'	'
Net Sales	194,525	165,052
Direct to consumer | Operating Segment	'	'
Summary information by operating segment	'	'
Operating Income	$16,286	$7,112

SEGMENT_INFORMATION_Details_2

SEGMENT INFORMATION (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013
Net sales for each class of similar products	'	'
Net sales	$776,544	$680,899
Percentage of Total	100.00%	100.00%
Watches	'	'
Net sales for each class of similar products	'	'
Net sales	601,388	513,017
Percentage of Total	77.50%	75.30%
Leathers	'	'
Net sales for each class of similar products	'	'
Net sales	99,722	102,788
Percentage of Total	12.80%	15.10%
Jewelry	'	'
Net sales for each class of similar products	'	'
Net sales	56,518	42,314
Percentage of Total	7.30%	6.20%
Other	'	'
Net sales for each class of similar products	'	'
Net sales	$18,916	$22,780
Percentage of Total	2.40%	3.40%

DERIVATIVES_AND_RISK_MANAGEMEN2

DERIVATIVES AND RISK MANAGEMENT (Details)

3 Months Ended

3 Months Ended

Apr. 05, 2014

Mar. 30, 2013

Apr. 05, 2014

Mar. 30, 2013

Apr. 05, 2014

Apr. 05, 2014

Apr. 05, 2014

Apr. 05, 2014

Apr. 05, 2014

Apr. 05, 2014

Apr. 05, 2014

Apr. 05, 2014

Apr. 05, 2014

Apr. 05, 2014

Apr. 05, 2014

Apr. 05, 2014

Apr. 05, 2014

Apr. 05, 2014

Apr. 05, 2014

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

Foreign exchange forward contracts

Interest rate swap

Interest rate swap

Amount Reclassified from AOCI

Amount Reclassified from AOCI

Net Investment Hedges

Designated

Designated

Designated

Designated

Designated

Designated

Designated

Designated

Designated

Designated

Designated

Designated

Designated

Term loan

USD ($)

USD ($)

EUR (€)

Euro

Euro

British Pound

British Pound

Canadian Dollar

Canadian Dollar

Japanese Yen

Japanese Yen

Australian Dollar

Australian Dollar

Mexican Peso

Mexican Peso

Designated

USD ($)

EUR (€)

USD ($)

GBP (£)

USD ($)

CAD

USD ($)

JPY (¥)

USD ($)

AUD

USD ($)

MXN

USD ($)

DERIVATIVES AND RISK MANAGEMENT

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum period of future intercompany purchases

'18 months

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Forecasted purchases to manage fluctuations (as a percent)

65.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Hedges resulted ineffectiveness

$0

$0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Derivatives

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gains or losses reclassified into earnings

66,343,000

72,186,000

0

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notional amount

'

'

'

'

'

238,300,000

176,500,000

33,400,000

21,000,000

28,500,000

30,500,000

23,400,000

2,312,000,000

11,800,000

13,200,000

11,000,000

145,700,000

'

'

Term of interest rate swap agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'5 years

'

Fixed interest rate swap (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.29%

'

Description of base rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'1-month LIBOR-

Hedged amount

'

'

'

'

€ 25,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

$250,000,000

DERIVATIVES_AND_RISK_MANAGEMEN3

DERIVATIVES AND RISK MANAGEMENT (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013
Derivatives	'	'
Total (loss) gain recognized in other comprehensive loss, net of taxes	($724)	$3,345
Cash flow hedges | Foreign exchange forward contracts	'	'
Derivatives	'	'
Total (loss) gain recognized in other comprehensive loss, net of taxes	-348	3,345
Cash flow hedges | Interest rate swap	'	'
Derivatives	'	'
Total (loss) gain recognized in other comprehensive loss, net of taxes	-538	0
Net Investment Hedges	'	'
Derivatives	'	'
Total (loss) gain recognized in other comprehensive loss, net of taxes	$162	$0

DERIVATIVES_AND_RISK_MANAGEMEN4

DERIVATIVES AND RISK MANAGEMENT (Details 3) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013
Foreign exchange contracts | Designated | Cash flow hedges	'	'
Effective portion of gains and losses on derivative instruments	'	'
Total loss reclassified from other comprehensive loss	($498)	($46)
Foreign exchange contracts | Not designated as hedging instruments	'	'
Effective portion of gains and losses on derivative instruments	'	'
Total loss recognized in income	-148	0
Interest rate swap | Designated | Cash flow hedges	'	'
Effective portion of gains and losses on derivative instruments	'	'
Total loss reclassified from other comprehensive loss	($465)	$0

DERIVATIVES_AND_RISK_MANAGEMEN5

DERIVATIVES AND RISK MANAGEMENT (Details 4) (USD $)	Apr. 05, 2014	Dec. 28, 2013
Fair value of derivative instruments	'	'
Asset Derivatives, Fair Value	$6,410,000	$7,815,000
Liability Derivatives, Fair Value	9,983,000	12,690,000
Existing losses expected to be reclassified into earnings within the next twelve months	2,300,000	'
Foreign exchange forward contracts | Designated | Cash flow hedges | Prepaid expenses and other current assets	'	'
Fair value of derivative instruments	'	'
Asset Derivatives, Fair Value	2,279,000	3,289,000
Foreign exchange forward contracts | Designated | Cash flow hedges | Intangible and other assets-net	'	'
Fair value of derivative instruments	'	'
Asset Derivatives, Fair Value	218,000	219,000
Foreign exchange forward contracts | Designated | Cash flow hedges | Accrued expenses - other	'	'
Fair value of derivative instruments	'	'
Liability Derivatives, Fair Value	5,859,000	7,651,000
Foreign exchange forward contracts | Designated | Cash flow hedges | Other long-term liabilities	'	'
Fair value of derivative instruments	'	'
Liability Derivatives, Fair Value	185,000	563,000
Foreign exchange forward contracts | Designated | Net Investment Hedges | Prepaid expenses and other current assets	'	'
Fair value of derivative instruments	'	'
Asset Derivatives, Fair Value	255,000	0
Liability Derivatives, Fair Value	0	0
Interest rate contracts | Designated | Cash flow hedges | Prepaid expenses and other current assets	'	'
Fair value of derivative instruments	'	'
Asset Derivatives, Fair Value	0	0
Interest rate contracts | Designated | Cash flow hedges | Intangible and other assets-net	'	'
Fair value of derivative instruments	'	'
Asset Derivatives, Fair Value	3,658,000	4,307,000
Interest rate contracts | Designated | Cash flow hedges | Accrued expenses - other	'	'
Fair value of derivative instruments	'	'
Liability Derivatives, Fair Value	2,617,000	2,783,000
Interest rate contracts | Designated | Cash flow hedges | Other long-term liabilities	'	'
Fair value of derivative instruments	'	'
Liability Derivatives, Fair Value	$1,322,000	$1,693,000

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 05, 2014	Apr. 05, 2014	Apr. 05, 2014	Apr. 05, 2014	Dec. 28, 2013	Apr. 05, 2014	Dec. 28, 2013	Apr. 05, 2014	Dec. 28, 2013	Apr. 05, 2014	Dec. 28, 2013
	Level 3	Level 3	Level 3	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
	Contingent consideration, Fossil Spain	Minimum	Maximum	Level 1	Level 1	Level 2	Level 2	Level 3	Level 3	Total	Total
		Contingent consideration, Fossil Spain	Contingent consideration, Fossil Spain
Assets:	'	'	'	'	'	'	'	'	'	'	'
Forward contracts	'	'	'	$0	$0	$2,752	$3,508	$0	$0	$2,752	$3,508
Investment in publicly traded mutual funds	'	'	'	2,424	2,360	0	0	0	0	2,424	2,360
Interest rate swap	'	'	'	0	0	3,658	4,307	0	0	3,658	4,307
Total	'	'	'	2,424	2,360	6,410	7,815	0	0	8,834	10,175
Liabilities:	'	'	'	'	'	'	'	'	'	'	'
Contingent Consideration	'	'	'	0	0	0	0	8,053	8,084	8,053	8,084
Forward contracts	'	'	'	0	0	6,044	8,214	0	0	6,044	8,214
Interest rate swap	'	'	'	0	0	3,939	4,476	0	0	3,939	4,476
Total	'	'	'	$0	$0	$9,983	$12,690	$8,053	$8,084	$18,036	$20,774
Future revenue growth for 2014 and 2015 (as a percent)	'	3.00%	10.00%	'	'	'	'	'	'	'	'
Projected operating expenses as a percentage of revenues	28.00%	'	'	'	'	'	'	'	'	'	'
Discount rate (as a percent)	19.00%	'	'	'	'	'	'	'	'	'	'

FAIR_VALUE_MEASUREMENTS_Detail1

FAIR VALUE MEASUREMENTS (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 05, 2014	Mar. 30, 2013	Dec. 28, 2013
Fair value hierarchy for assets and liabilities measured at fair value on a nonrecurring basis	'	'	'
Impairment charges	($282)	$0	'
Property, plant and equipment-net	356,755	'	355,666
Specific Company-owned stores	'	'	'
Fair value hierarchy for assets and liabilities measured at fair value on a nonrecurring basis	'	'	'
Impairment charges	-300	'	'
Property, plant and equipment-net	300	'	'
Fair Value Measurement, Nonrecurring Basis | Level 1 | Specific Company-owned stores	'	'	'
Fair value hierarchy for assets and liabilities measured at fair value on a nonrecurring basis	'	'	'
Specific Company-owned stores	0	'	'
Fair Value Measurement, Nonrecurring Basis | Level 2 | Specific Company-owned stores	'	'	'
Fair value hierarchy for assets and liabilities measured at fair value on a nonrecurring basis	'	'	'
Specific Company-owned stores	0	'	'
Fair Value Measurement, Nonrecurring Basis | Level 3 | Specific Company-owned stores	'	'	'
Fair value hierarchy for assets and liabilities measured at fair value on a nonrecurring basis	'	'	'
Specific Company-owned stores	0	'	'
Fair Value Measurement, Nonrecurring Basis | Total | Specific Company-owned stores	'	'	'
Fair value hierarchy for assets and liabilities measured at fair value on a nonrecurring basis	'	'	'
Specific Company-owned stores	$0	'	'

INTANGIBLE_AND_OTHER_ASSETS_De

INTANGIBLE AND OTHER ASSETS (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Apr. 05, 2014	Dec. 28, 2013
Intangible and other assets	'	'
Total intangibles - subject to amortization	$51,943	$51,991
Total intangibles-not subject to amortization, Carrying Amount	83,658	83,659
Total other assets, Gross Amount	95,412	96,372
Total intangible and other assets, Carrying Amount	231,013	232,022
Total intangibles-subject to amortization, Accumulated Amortization	20,131	18,885
Total other assets, Accumulated Amortization	26,371	24,805
Total intangible and other assets, Accumulated Amortization	46,502	43,690
Total intangible and other assets-net	184,511	188,332
Key money deposits	'	'
Intangible and other assets	'	'
Total other assets, Gross Amount	35,979	35,535
Total other assets, Accumulated Amortization	17,871	17,038
Key money deposits | Minimum	'	'
Intangible and other assets	'	'
Amortization period based on initial lease term	'4 years	'
Key money deposits | Maximum	'	'
Intangible and other assets	'	'
Amortization period based on initial lease term	'18 years	'
Other deposits	'	'
Intangible and other assets	'	'
Total other assets, Gross Amount	23,563	22,574
Deferred compensation plan assets	'	'
Intangible and other assets	'	'
Total other assets, Gross Amount	2,424	2,360
Deferred tax asset-net	'	'
Intangible and other assets	'	'
Total other assets, Gross Amount	10,104	10,044
Restricted cash	'	'
Intangible and other assets	'	'
Total other assets, Gross Amount	753	752
Shop-in-shop	'	'
Intangible and other assets	'	'
Total other assets, Gross Amount	16,641	16,334
Total other assets, Accumulated Amortization	8,500	7,767
Interest rate swap	'	'
Intangible and other assets	'	'
Total other assets, Gross Amount	3,658	4,307
Other assets	'	'
Intangible and other assets	'	'
Total other assets, Gross Amount	2,290	4,466
Trademarks	'	'
Intangible and other assets	'	'
Total intangibles - subject to amortization	4,175	4,175
Total intangibles-subject to amortization, Accumulated Amortization	2,760	2,695
Useful Lives	'10 years	'
Customer lists	'	'
Intangible and other assets	'	'
Total intangibles - subject to amortization	43,301	43,367
Total intangibles-subject to amortization, Accumulated Amortization	15,028	14,065
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	1,496	1,360
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	1,911	1,913
Total intangibles-subject to amortization, Accumulated Amortization	637	558
Useful Lives	'6 years	'
Other	'	'
Intangible and other assets	'	'
Total intangibles - subject to amortization	283	263
Total intangibles-subject to amortization, Accumulated Amortization	$210	$207
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
	Apr. 05, 2014	Mar. 30, 2013
INTANGIBLE AND OTHER ASSETS	'	'
Amortization expense for intangible assets	$1,300,000	$1,300,000
Estimated aggregate future amortization expense by fiscal year	'	'
2014 (remaining)	3,887,000	'
2015	4,793,000	'
2016	4,654,000	'
2017	4,396,000	'
2018	4,030,000	'
2019	$3,932,000	'

DEBT_ACTIVITY_Details

DEBT ACTIVITY (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Apr. 05, 2014
Revolver	'
Debt Instrument	'
Net borrowings	$40
Remaining borrowing capacity	458.9
Amount of international cash balance which favorably impact amount available under facility	182
Interest expense incurred	1.3
Term loan	'
Debt Instrument	'
Repayment of borrowings	6.3
Interest expense incurred	$0.90