Fossil (FOSL) 10-Q 13 Nov 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Oct. 04, 2014	Nov. 06, 2014
Document and Entity Information	'	'
Entity Registrant Name	'Fossil Group, Inc.	'
Entity Central Index Key	'0000883569	'
Document Type	'10-Q	'
Document Period End Date	4-Oct-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--01-03	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	51,084,331
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Oct. 04, 2014	Dec. 28, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$218,095	$320,479
Accounts receivable - net of allowances of $72,489 and $74,841, respectively	395,837	454,762
Inventories	695,199	570,719
Deferred income tax assets-net	38,253	46,986
Prepaid expenses and other current assets	148,112	86,516
Total current assets	1,495,496	1,479,462
Property, plant and equipment - net of accumulated depreciation of $355,289 and $314,787, respectively	354,924	355,666
Goodwill	200,973	206,954
Intangible and other assets-net	185,460	188,332
Total long-term assets	741,357	750,952
Total assets	2,236,853	2,230,414
Current liabilities:	'	'
Accounts payable	196,788	165,433
Short-term debt	15,200	13,443
Accrued expenses:	'	'
Compensation	68,622	80,573
Royalties	43,693	65,117
Co-op advertising	17,419	25,599
Transaction taxes	33,692	35,134
Other	78,792	79,860
Income taxes payable	38,817	26,747
Total current liabilities	493,023	491,906
Long-term income taxes payable	18,212	15,720
Deferred income tax liabilities	98,061	98,168
Long-term debt	607,890	494,711
Other long-term liabilities	58,418	54,542
Total long-term liabilities	782,581	663,141
Commitments and contingencies (Note 13)	'	'
Stockholders' equity:	'	'
Common stock, 51,878 and 54,708 shares issued and outstanding at October 4, 2014 and December 28, 2013, respectively	519	547
Additional paid-in capital	166,662	154,376
Retained earnings	783,207	877,063
Accumulated other comprehensive income	1,679	36,691
Total Fossil Group, Inc. stockholders' equity	952,067	1,068,677
Noncontrolling interest	9,182	6,690
Total stockholders' equity	961,249	1,075,367
Total liabilities and stockholders' equity	$2,236,853	$2,230,414

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Oct. 04, 2014	Dec. 28, 2013
In Thousands, unless otherwise specified
CONDENSED CONSOLIDATED BALANCE SHEETS	'	'
Accounts receivable - allowances (in dollars)	$72,489	$74,841
Property, plant and equipment, accumulated depreciation (in dollars)	$355,289	$314,787
Common stock, shares issued	51,878	54,708
Common stock, shares outstanding	51,878	54,708

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME	'	'	'	'
Net sales	$894,482	$810,396	$2,444,846	$2,197,544
Cost of sales	385,444	345,427	1,047,986	945,203
Gross profit	509,038	464,969	1,396,860	1,252,341
Selling, general and administrative expenses	354,105	323,937	1,052,471	910,040
Operating income	154,933	141,032	344,389	342,301
Interest expense	3,796	3,036	11,389	6,016
Other income-net	2,198	259	751	9,082
Income before income taxes	153,335	138,255	333,751	345,367
Provision for income taxes	46,931	45,881	103,286	108,604
Net income	106,404	92,374	230,465	236,763
Less: Net income attributable to noncontrolling interest	2,683	2,640	7,884	7,130
Net income attributable to Fossil Group, Inc.	103,721	89,734	222,581	229,633
Other comprehensive income (loss), net of taxes:	'	'	'	'
Currency translation adjustment	-43,479	19,277	-43,080	2,424
Securities available for sale-net change	0	558	0	475
Derivative instruments-net change	11,773	-5,691	11,361	-701
Pension plan activity	0	0	-3,293	0
Total other comprehensive income (loss)	-31,706	14,144	-35,012	2,198
Total comprehensive income	74,698	106,518	195,453	238,961
Less: Comprehensive income attributable to noncontrolling interest	2,683	2,640	7,884	7,130
Comprehensive income attributable to Fossil Group, Inc.	$72,015	$103,878	$187,569	$231,831
Earnings per share:	'	'	'	'
Basic (in dollars per share)	$1.97	$1.59	$4.16	$3.95
Diluted (in dollars per share)	$1.96	$1.58	$4.15	$3.93
Weighted average common shares outstanding:	'	'	'	'
Basic (in shares)	52,691	56,458	53,454	58,150
Diluted (in shares)	52,871	56,704	53,653	58,433

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Oct. 04, 2014	Sep. 28, 2013
Operating Activities:	'	'
Net income	$230,465	$236,763
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation, amortization and accretion	73,477	59,639
Stock-based compensation	14,238	11,062
Decrease in allowance for returns-net of inventory in transit	-727	-3,586
Loss on disposal of assets	643	660
Impairment losses	6,083	0
Gain on equity method investment	0	-6,510
Decrease in allowance for doubtful accounts	-351	-6,200
Excess tax benefits from stock-based compensation	-885	-7,204
Deferred income taxes and other	-1,144	5,968
Contingent consideration remeasurement	1,112	0
Changes in operating assets and liabilities:	'	'
Accounts receivable	48,385	22,919
Inventories	-146,141	-144,726
Prepaid expenses and other current assets	-49,220	-9,512
Accounts payable	33,216	14,368
Accrued expenses	-26,840	-4,806
Income taxes payable	15,600	11,118
Net cash provided by operating activities	197,911	179,953
Investing Activities:	'	'
Additions to property, plant and equipment	-70,904	-66,334
Increase in intangible and other assets	-11,586	-8,959
Proceeds from the sale of property, plant, equipment and other	112	2,027
Net change in restricted cash	0	424
Business acquisitions-net of cash acquired	0	-14,896
Net investment hedge settlement	410	0
Net cash used in investing activities	-81,968	-87,738
Financing Activities:	'	'
Acquisition of common stock	-321,224	-460,413
Distribution of noncontrolling interest earnings	-5,392	-4,679
Excess tax benefits from stock-based compensation	885	7,204
Debt borrowings	637,000	960,116
Debt payments	-522,172	-554,078
Proceeds from exercise of stock options	1,922	6,203
Other financing activities	-1,942	0
Net cash used in financing activities	-210,923	-45,647
Effect of exchange rate changes on cash and cash equivalents	-7,404	5,095
Net (decrease) increase in cash and cash equivalents	-102,384	51,663
Cash and cash equivalents:	'	'
Beginning of period	320,479	177,236
End of period	$218,095	$228,899

FINANCIAL_STATEMENT_POLICIES

FINANCIAL STATEMENT POLICIES	9 Months Ended
	Oct. 04, 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 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 October 4, 2014, and the results of operations for the thirteen-week periods ended October 4, 2014 (“Third Quarter”) and September 28, 2013 (“Prior Year Quarter”), respectively, and the forty week period ended October 4, 2014 (“Year To Date Period”) and the thirty-nine week period ended September 28, 2013 (“Prior Year YTD Period”). All adjustments are of a normal, recurring nature. 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 included in the first quarter of the fiscal year. Accordingly, the information presented herein includes forty weeks of operations for the Year To Date Period as compared to thirty-nine weeks in the Prior Year YTD Period.
	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 Third Quarter and Year To Date Period are not necessarily indicative of the results to be achieved for the full fiscal year.
	The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), which require the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the periods reported. Actual results could differ from those estimates. The Company has not made any changes in its significant accounting policies from those disclosed in the 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 October 4, 2014, the net result would have been a net gain of approximately $14.9 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 its variable rate debt obligations 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 entered into a forward contract designated as a net investment hedge that was settled during the second quarter of fiscal year 2014. 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 13		For the 13		For the 40		For the 39
		Weeks Ended		Weeks Ended		Weeks Ended		Weeks Ended
		October 4,		September 28,		October 4,		September 28,
		2014		2013		2014		2013
	Numerator:
	Net income attributable to Fossil Group, Inc	$	103,721	$	89,734	$	222,581	$	229,633
	Denominator:
	Basic EPS computation:
	Basic weighted average common shares outstanding	52,691		56,458		53,454		58,150
	Basic EPS	$	1.97	$	1.59	$	4.16	$	3.95
	Diluted EPS computation:
	Basic weighted average common shares outstanding	52,691		56,458		53,454		58,150
	Stock options, stock appreciation rights and restricted stock units	180		246		199		283
	Diluted weighted average common shares outstanding	52,871		56,704		53,653		58,433
	Diluted EPS	$	1.96	$	1.58	$	4.15	$	3.93
	Approximately 336,000, 314,000, 271,000, and 290,000 weighted average shares issuable under stock-based awards were not included in the diluted EPS calculation at the end of the Third Quarter, Year To Date Period, Prior Year Quarter, and Prior Year YTD Period, respectively, because they were antidilutive.
	Recently Issued Accounting Standards. In August 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-15, Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”), to provide guidance on management’s responsibility to perform interim and annual assessments of an entity’s ability to continue as a going concern and to provide related disclosure requirements. ASU 2014-15 applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. This standard will not have a material impact on the Company’s consolidated results of operations or financial position.
	In June 2014, FASB issued ASU 2014-12, Compensation—Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period (“ASU 2014-12”). ASU 2014-12 requires that a performance target, that affects vesting and that could be achieved after the requisite service period, be treated as a performance condition. As such, the performance target should not be reflected in estimating the grant-date fair value of the award. ASU 2014-12 is effective for annual periods, and interim periods within those annual periods, beginning after December 15, 2015, with early adoption permitted. The Company is evaluating the effect of adopting ASU 2014-12, but does not expect adoption will have a material impact on the Company’s consolidated results of operations or financial position.
	In May 2014, FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”). ASU 2014-09 affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets, unless those contracts are within the scope of other standards (for example, insurance contracts or lease contracts). The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. ASU 2014-09 provides alternative methods of retrospective adoption and is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016. Early adoption is not permitted. The Company is evaluating the effect of adopting ASU 2014-09, but does not expect adoption will have a material impact on the Company’s consolidated results of operations or financial position.
	In April 2014, FASB issued ASU 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity (“ASU 2014-08”). Under ASU 2014-08, only disposals of a component of an entity, or a group of components of an entity, that represent a strategic shift that has (or will have) a major effect on the entity’s results and operations would qualify as discontinued operations. ASU 2014-08 also provides guidance on the financial statement presentations and disclosures of discontinued operations. ASU 2014-08 is effective prospectively for all disposals, or components classified as held for sale, for fiscal years, and interim periods within those years, beginning on or after December 15, 2014. Early adoption is permitted but only for disposals that have not been previously reported. The Company is evaluating the effect of adopting ASU 2014-08, but does not expect adoption will have a material impact on the Company’s consolidated results of operations or financial position.
	Recently Adopted Accounting Standards. In July 2013, FASB issued 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 requires 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_AND_GOODWILL

ACQUISITIONS AND GOODWILL	9 Months Ended
	Oct. 04, 2014
ACQUISITIONS AND GOODWILL	'
ACQUISITIONS AND GOODWILL	'
	2. ACQUISITIONS 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 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 with a minimum annual variable price of 2.0 million euros (approximately $2.6 million at the purchase date) and a maximum annual variable price of 3.5 million euros (approximately $4.6 million at the purchase date) for each of the calendar years 2013, 2014, and 2015. See “Note 11 — Fair Value Measurements” for additional information about the contingent consideration liability for Fossil Spain.
	Of the total consideration for Fossil Spain, 4.5 million euros (approximately $5.6 million) relating to the contingent consideration for calendar years 2013 and 2014 was recorded in accrued expenses — other, and 6.4 million euros (approximately $8.1 million) of the total consideration was recorded in other long-term liabilities in the condensed consolidated balance sheets at October 4, 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 America			Europe			Asia Pacific			Total
		Wholesale			Wholesale			Wholesale
	Balance at December 28, 2013	$	118,147		$	77,217		$	11,590		$	206,954
	Foreign currency changes	(46		)	(5,910		)	(25		)	(5,981		)
	Balance at October 4, 2014	$	118,101		$	71,307		$	11,565		$	200,973

INVENTORIES

INVENTORIES	9 Months Ended
	Oct. 04, 2014
INVENTORIES	'
INVENTORIES	'
	3. INVENTORIES
	Inventories consisted of the following (in thousands):
		October 4,		December 28,
		2014		2013
	Components and parts	$	47,954	$	56,275
	Work-in-process	9,609		14,017
	Finished goods	637,636		500,427
	Inventories	$	695,199	$	570,719

WARRANTY_RESERVE

WARRANTY RESERVE	9 Months Ended
	Oct. 04, 2014
WARRANTY RESERVE	'
WARRANTY RESERVE	'
	4. WARRANTY RESERVE
	Warranty liability activity consisted of the following (in thousands):
		For the 40			For the 39
		Weeks Ended			Weeks Ended
		October 4,			September 28,
		2014			2013
	Beginning balance	$	15,658		$	13,383
	Settlements in cash or kind	(7,750		)	(7,624		)
	Warranties issued and adjustments to preexisting warranties (1)	6,614			8,622
	Liabilities assumed in acquisition	0			340
	Ending balance	$	14,522		$	14,721
	(1) Changes in cost estimates related to preexisting warranties are aggregated with accruals for new standard warranties issued and foreign currency changes.

INCOME_TAXES

INCOME TAXES	9 Months Ended
	Oct. 04, 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 13			For the 13			For the 40			For the 39
		Weeks Ended			Weeks Ended			Weeks Ended			Weeks Ended
		October 4,			September 28,			October 4,			September 28,
		2014			2013			2014			2013
	Income tax expense	$	46,931		$	45,881		$	103,286		$	108,604
	Income tax rate	30.6		%	33.2		%	30.9		%	31.4		%
	The lower effective tax rates in the Third Quarter and Year To Date Period, as compared to the Prior Year Quarter and Prior Year YTD Period, respectively, were primarily attributable to a change in the Company’s geographical earnings mix.
	As of October 4, 2014, the total amount of unrecognized tax benefits, excluding interest and penalties, was $16.8 million, of which $10.8 million would favorably impact the effective tax rate in future periods, if recognized. During the first quarter of fiscal 2014, 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 2007-2013 tax years, none of which the Company believes are significant individually or in the aggregate. Tax audit outcomes and timing of tax audit settlements are subject to significant uncertainty.
	The Company has classified uncertain tax positions as long-term income taxes payable, unless such amounts are expected to be paid within twelve months of the condensed consolidated balance sheet date. As of October 4, 2014, the Company had recorded $0.6 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 October 4, 2014 was $1.7 million and $0.4 million, respectively. For the Third Quarter and Year To Date Period, the Company accrued income tax-related interest expense of $0.2 million and $0.6 million, respectively.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Oct. 04, 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 Year To Date Period, the Company effectively retired 3.0 million shares of common stock repurchased under its repurchase programs. The effective retirement of repurchased common stock decreased common stock by approximately $30,000, additional paid-in capital by $1.9 million, retained earnings by $316.4 million and treasury stock by $318.4 million. At December 28, 2013 and October 4, 2014, all treasury stock had been effectively retired. As of October 4, 2014, the Company had $175.3 million of repurchase authorizations remaining under its combined repurchase plans. See “Note 15 — Subsequent Event” for additional information on common stock repurchase programs.
	The following tables reflect the Company’s common stock repurchase activity for the periods indicated (in millions):
							For the 13 Weeks Ended				For the 13 Weeks Ended
							October 4, 2014				September 28, 2013
	Fiscal Year Authorized	Dollar Value			Termination Date		Number of		Dollar Value		Number of	Dollar Value
		Authorized					Shares		Repurchased		Shares	Repurchased
							Repurchased				Repurchased
	2012	$	1,000.00		December 2016		1.3		$	133.8	2	$	228.2
	2010	$	30		None		0		$	0	0	$	0
							For the 40 Weeks Ended				For the 39 Weeks Ended
							October 4, 2014				September 28, 2013
	Fiscal Year Authorized	Dollar Value			Termination Date		Number of		Dollar Value		Number of	Dollar Value
		Authorized					Shares		Repurchased		Shares	Repurchased
							Repurchased				Repurchased
	2012	$	1,000.00		December 2016		3		$	318.4	3.9	$	415.4
	2010	$	30		None		0		$	0	0	$	0
	2010	$	750		December 2013 (1)		0		$	0	0.4	$	38.6
	(1) In the first quarter of fiscal year 2013, the Company completed this repurchase plan.
	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	222,581			7,884			230,465
	Currency translation adjustment	(43,080		)	0			(43,080		)
	Derivative instruments - net change	11,361			0			11,361
	Common stock issued upon exercise of stock options	1,922			0			1,922
	Tax benefit derived from stock-based compensation	885			0			885
	Distribution of noncontrolling interest earnings	0			(5,392		)	(5,392		)
	Pension plan activity	(3,293		)	0			(3,293		)
	Acquisition of common stock	(321,224		)	0			(321,224		)
	Stock-based compensation expense	14,238			0			14,238
	Balance at October 4, 2014	$	952,067		$	9,182		$	961,249
		Fossil Group, Inc.						Total
		Stockholders’			Noncontrolling			Stockholders’
		Equity			Interest			Equity
	Balance at December 29, 2012	$	1,233,535		$	6,929		$	1,240,464
	Net income	229,633			7,130			236,763
	Currency translation adjustment	2,424			0			2,424
	Securities available for sale - net change	475			0			475
	Derivative instruments - net change	(701		)	0			(701		)
	Common stock issued upon exercise of stock options	6,203			0			6,203
	Tax benefit derived from stock-based compensation	7,204			0			7,204
	Distribution of noncontrolling interest earnings	0			(4,679		)	(4,679		)
	Acquisition of common stock	(460,413		)	0			(460,413		)
	Stock-based compensation expense	11,062			0			11,062
	Balance at September 28, 2013	$	1,029,422		$	9,380		$	1,038,802

EMPLOYEE_BENEFIT_PLANS

EMPLOYEE BENEFIT PLANS	9 Months Ended
	Oct. 04, 2014
EMPLOYEE BENEFIT PLANS	'
EMPLOYEE BENEFIT PLANS	'
	7. EMPLOYEE BENEFIT PLANS
	Stock-Based Compensation Plans. The following table summarizes stock options and stock appreciation rights activity during the Year To Date Period:
						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	94		111.9
	Exercised	(49	)	42.91			3,318
	Forfeited or expired	(14	)	120.38
	Outstanding at October 4, 2014	709		82.34		5.7	18,541
	Exercisable at October 4, 2014	516		$	70.42	5.2	$	18,316
	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 October 4, 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 Year To Date Period.
	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 October 4, 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	70		$	15.37	3.7	70		$	15.37
	$21.55 - $34.59	57		29.47		2.4	57		29.47
	$35.78 - $67.10	72		39.9		4.8	72		39.9
	$69.53 - $106.40	101		80.88		6.5	97		80.75
	$106.89 - $131.46	169		128.1		7.4	116		128.1
	Total	469		$	75.64	5.6	412		$	68.78
	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	19		$	13.65	2.5	19		$	13.65
	$21.55 - $34.59	6		30.71		1.5	6		30.71
	$35.78 - $67.10	14		43.64		3.9	13		42.4
	$69.53 - $106.40	72		93.54		5.9	36		87.88
	$106.89 - $131.46	128		117.46		6.8	30		127.16
	Total	239		$	95.47	5.9	104		$	76.88
	Restricted Stock and Restricted Stock Units. The following table summarizes restricted stock and restricted stock unit activity during the Year To Date Period:
	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	159		111.35
	Vested	(110	)	90.73
	Forfeited	(12	)	108.14
	Nonvested at October 4, 2014	256		$	110.04
	The total fair value of restricted stock and restricted stock units vested during the Year To Date Period was approximately $12.2 million.

ACCUMULATED_OTHER_COMPREHENSIV

ACCUMULATED OTHER COMPREHENSIVE INCOME	9 Months Ended
	Oct. 04, 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 13 Weeks Ended October 4, 2014
		Currency			Forward			Interest Rate			Net			Pension			Total
		Translation			Contracts			Swap			Investment			Plan
		Adjustments									Hedge
	Beginning balance	$	38,551		$	(2,547	)	$	(319	)	$	257		$	(2,557	)	$	33,385
	Other comprehensive income (loss) before reclassifications	(43,479		)	21,752			(91		)	0			0			(21,818		)
	Tax (expense) benefit	0			(9,341		)	33			0			0			(9,308		)
	Amounts reclassed from accumulated other comprehensive income	0			1,560			(680		)	0			0			880
	Tax (expense) benefit	0			(548		)	248			0			0			(300		)
	Total other comprehensive income (loss)	(43,479		)	11,399			374			0			0			(31,706		)
	Ending balance	$	(4,928	)	$	8,852		$	55		$	257		$	(2,557	)	$	1,679
		For the 13 Weeks Ended September 28, 2013
		Currency			Securities			Forward			Interest Rate			Total
		Translation			Available for			Contracts			Swap
		Adjustments			Sale
	Beginning balance	$	13,328		$	(558	)	$	4,044		$	0		$	16,814
	Other comprehensive income (loss) before reclassifications	19,277			558			(8,649		)	(1,463		)	9,723
	Tax (expense) benefit	0			0			3,916			541			4,457
	Amounts reclassed from accumulated other comprehensive income	0			0			527			(460		)	67
	Tax (expense) benefit	0			0			(201		)	170			(31		)
	Total other comprehensive income (loss)	19,277			558			(5,059		)	(632		)	14,144
	Ending balance	$	32,605		$	0		$	(1,015	)	$	(632	)	$	30,958
		For the 40 Weeks Ended October 4, 2014
		Currency			Forward			Interest Rate			Net			Pension			Total
		Translation			Contracts			Swap			Investment			Plan
		Adjustments									Hedge
	Beginning balance	$	38,152		$	(2,091	)	$	(106	)	$	0		$	736		$	36,691
	Other comprehensive income (loss) before reclassifications	(43,080		)	19,652			(1,850		)	410			(2,946		)	(27,814		)
	Tax (expense) benefit	0			(9,228		)	676			(153		)	(347		)	(9,052		)
	Amounts reclassed from accumulated other comprehensive income	0			(839		)	(2,103		)	0			0			(2,942		)
	Tax (expense) benefit	0			320			768			0			0			1,088
	Total other comprehensive income (loss)	(43,080		)	10,943			161			257			(3,293		)	(35,012		)
	Ending balance	$	(4,928	)	$	8,852		$	55		$	257		$	(2,557	)	$	1,679
		For the 39 Weeks Ended September 28, 2013
		Currency			Securities			Forward			Interest Rate			Total
		Translation			Available for			Contracts			Swap
		Adjustments			Sale
	Beginning balance	$	30,181		$	(475	)	$	(946	)	$	0		$	28,760
	Other comprehensive income (loss) before reclassifications	2,424			475			945			(1,463		)	2,381
	Tax (expense) benefit	0			0			110			541			651
	Amounts reclassed from accumulated other comprehensive income	0			0			1,917			(460		)	1,457
	Tax (expense) benefit	0			0			(793		)	170			(623		)
	Total other comprehensive income (loss)	2,424			475			(69		)	(632		)	2,198
	Ending balance	$	32,605		$	0		$	(1,015	)	$	(632	)	$	30,958
	See “Note 10—Derivatives and Risk Management” for additional disclosures about the Company’s use of derivatives.

SEGMENT_INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Oct. 04, 2014
SEGMENT INFORMATION	'
SEGMENT INFORMATION	'
	9. SEGMENT INFORMATION
	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 13 Weeks Ended						For the 13 Weeks Ended
		October 4, 2014						September 28, 2013
		Net Sales			Operating			Net Sales			Operating
					Income						Income
	North America wholesale:
	External customers	$	319,088		$	72,441		$	300,707		$	76,689
	Intersegment	57,843						54,318
	Europe wholesale:
	External customers	242,201			73,701			209,507			56,180
	Intersegment	57,186						51,888
	Asia Pacific wholesale:
	External customers	116,654			32,761			104,835			36,046
	Intersegment	331,569						287,100
	Direct to consumer	216,539			22,174			195,347			18,567
	Intersegment items	(446,598		)				(393,306		)
	Corporate				(46,144		)				(46,450		)
	Consolidated	$	894,482		$	154,933		$	810,396		$	141,032
		For the 40 Weeks Ended						For the 39 Weeks Ended
		October 4, 2014						September 28, 2013
		Net Sales			Operating			Net Sales			Operating
					Income						Income
	North America wholesale:
	External customers	$	857,107		$	176,232		$	816,565		$	203,418
	Intersegment	148,812						149,280
	Europe wholesale:
	External customers	650,241			169,423			554,171			131,178
	Intersegment	156,776						131,289
	Asia Pacific wholesale:
	External customers	325,945			95,389			287,798			94,069
	Intersegment	827,853						742,190
	Direct to consumer	611,553			48,206			539,010			41,784
	Intersegment items	(1,133,441		)				(1,022,759		)
	Corporate				(144,861		)				(128,148		)
	Consolidated	$	2,444,846		$	344,389		$	2,197,544		$	342,301
	The following tables reflect net sales for each class of similar products in the periods presented (in thousands, except percentage data):
		For the 13 Weeks Ended					For the 13 Weeks Ended
		October 4, 2014					September 28, 2013
		Net Sales			Percentage of		Net Sales			Percentage of
					Total					Total
	Watches	$	696,291		77.8	%	$	619,087		76.4	%
	Leathers	107,954			12.1		114,692			14.1
	Jewelry	70,718			7.9		57,320			7.1
	Other	19,519			2.2		19,297			2.4
	Total	$	894,482		100	%	$	810,396		100	%
		For the 40 Weeks Ended					For the 39 Weeks Ended
		October 4, 2014					September 28, 2013
		Net Sales			Percentage of		Net Sales			Percentage of
					Total					Total
	Watches	$	1,908,887		78.1	%	$	1,679,329		76.4	%
	Leathers	295,001			12.1		309,228			14.1
	Jewelry	183,419			7.5		146,677			6.7
	Other	57,539			2.3		62,310			2.8
	Total	$	2,444,846		100	%	$	2,197,544		100	%

DERIVATIVES_AND_RISK_MANAGEMEN

DERIVATIVES AND RISK MANAGEMENT

9 Months Ended

Oct. 04, 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 Third Quarter, Prior Year Quarter, Year To Date Period, or Prior Year YTD Period.

All derivative instruments are recognized as either assets or liabilities at fair value in the condensed consolidated balance sheets. Derivatives designated as cash flow hedges are recorded at fair value at each balance sheet date and the change in fair value is recorded to accumulated other comprehensive income 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 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 Third Quarter, Prior Year Quarter, Year To Date Period or Prior Year YTD Period. Hedge accounting is discontinued if it is determined that the derivative is not highly effective. The Company records all forward contract 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 October 4, 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

183.9

U.S. dollar

247.8

British pound

29

U.S. dollar

47.6

Canadian dollar

35.6

U.S. dollar

32.6

Japanese yen

2,705.00

U.S. dollar

26.5

Australian dollar

16.9

U.S. dollar

15.4

Mexican peso

202.1

U.S. dollar

15.2

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. The notional amount 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 foreign currency exchange rates could impact its net investment in foreign operations. To manage this risk, during the first quarter of fiscal year 2014, 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 was settled in the second quarter of fiscal year 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 assess the ineffectiveness of net investment hedges. Should any portion of a net investment hedge become ineffective, the ineffective portion will be reclassified to other 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 October 4, 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 Third Quarter, Prior Year Quarter, Year To Date Period and Prior Year YTD Period is set forth below (in thousands):

Derivative Contracts

For the 13 Weeks

For the 13 Weeks

Under ASC 815

Ended

Ended

October 4, 2014

September 28, 2013

Cash flow hedges:

Foreign exchange forward contracts

$

12,411

$

(4,733

)

Interest rate swap

(58

)

(922

)

Net investment hedge

0

0

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

$

12,353

$

(5,655

)

Derivative Contracts

For the 40 Weeks

For the 39 Weeks

Under ASC 815

Ended

Ended

October 4, 2014

September 28, 2013

Cash flow hedges:

Foreign exchange forward contracts

$

10,424

$

1,055

Interest rate swap

(1,174

)

(922

)

Net investment hedge

257

0

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

$

9,507

$

133

The following table illustrates the effective portion of gains and losses on derivative instruments recorded in other comprehensive income (loss), net of taxes during the term of the hedging relationship and reclassified into earnings, and gains and losses on derivatives not designated as hedging instruments recorded directly to earnings during the Third Quarter, Prior Year Quarter, Year To Date Period, and Prior Year YTD Period (in thousands):

Condensed

Consolidated

For the 13

For the 13

Statements of Income

Weeks Ended

Weeks Ended

Derivative Contracts

and Comprehensive

October 4,

September 28,

Under ASC 815

Income Location

2014

2013

Foreign exchange contracts designated as cash flow hedging instruments

Other income-net

Total gain reclassified from other comprehensive income (loss)

$

1,012

$

326

Interest rate swap designated as a cash flow hedging instrument

Interest expense

Total loss reclassified from other comprehensive income (loss)

$

(432

)

$

(290

)

Condensed

Consolidated

For the 40

For the 39

Statements of Income

Weeks Ended

Weeks Ended

Derivative Contracts

and Comprehensive

October 4,

September 28,

Under ASC 815

Income Location

2014

2013

Foreign exchange contracts designated as cash flow hedging instruments

Other income-net

Total (loss) gain reclassified from other comprehensive income (loss)

$

(519

)

$

1,124

Foreign exchange contracts not designated as hedging instruments

Other income-net

Total loss recognized in income

$

(148

)

$

(74

)

Interest rate swap designated as a cash flow hedging instrument

Interest expense

Total loss reclassified from other comprehensive income (loss)

$

(1,335

)

$

(290

)

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

October 4, 2014

December 28, 2013

October 4, 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

$

20,016

Prepaid expenses and other current assets

$

3,289

Accrued expenses-other

$

198

Accrued expenses-other

$

7,651

Interest rate swap designated as a cash flow hedging instrument

Prepaid expenses and other current assets

0

Prepaid expenses and other current assets

0

Accrued expenses-other

2,382

Accrued expenses-other

2,783

Foreign exchange contracts designated as cash flow hedging instruments

Intangible and other assets- net

2,920

Intangible and other assets- net

219

Other long-term liabilities

0

Other long-term liabilities

563

Interest rate swap designated as a cash flow hedging instrument

Intangible and other assets- net

2,965

Intangible and other assets- net

4,307

Other long-term liabilities

496

Other long-term liabilities

1,693

Total

$

25,901

$

7,815

$

3,076

$

12,690

At the end of the Third Quarter, the Company had forward contracts with maturities extending through March 2016. The estimated net amount of the existing gains or losses at October 4, 2014 that is expected to be reclassified into earnings within the next twelve months is a gain of $13.0 million. See “Note 1—Financial Statement Policies” for additional disclosures on foreign currency hedging instruments.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Oct. 04, 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 October 4, 2014 (in thousands):
		Fair Value at October 4, 2014
		Level 1		Level 2		Level 3		Total
	Assets:
	Forward contracts	$	0	$	22,936	$	0	$	22,936
	Deferred compensation plan assets:
	Investment in publicly traded mutual funds	2,492		0		0		2,492
	Interest rate swap	0		2,965		0		2,965
	Total	$	2,492	$	25,901	$	0	$	28,393
	Liabilities:
	Contingent consideration	$	0	$	0	$	8,889	$	8,889
	Forward contracts	0		198		0		198
	Interest rate swap	0		2,878		0		2,878
	Total	$	0	$	3,076	$	8,889	$	11,965
	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 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 October 4, 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 October 4, 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 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. During the Third Quarter, the Company made a 1.4 million euro payment towards the 2013 contingent consideration, leaving a remaining liability of 1.4 million euros (approximately $1.8 million). 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. Due to an increase in Fossil Spain’s estimated future revenue for calendar years 2014 and 2015, the Company recorded an unfavorable $1.1 million remeasurement adjustment in selling, general and administrative expenses (“SG&A”) during the Third Quarter to the contingent consideration liability. Future revenue growth based on management’s projections for calendar years 2014 and 2015 now range from 4% to 17%. 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. The contingent consideration liability for calendar years 2014 and 2015 is valued at the maximum annual variable price of 3.5 million euros for each year. 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.
	In accordance with the provisions of ASC 360, Property, Plant and Equipment, property, plant and equipment—net with a carrying amount of $6.1 million related to retail store leasehold improvements and fixturing was fully impaired, resulting in an impairment charge of $6.1 million for the Year To Date Period.
	The fair values of assets related to the retail store leasehold improvements and fixturing were determined using Level 3 inputs. If undiscounted cash flows estimated to be generated through the operation of 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 book value of the assets exceed their fair value. Impairment expenses related to retail stores are recorded in SG&A expenses within the Direct to consumer segment. Other than the assets related to the retail stores mentioned above, the Company did not have any assets or liabilities measured at fair value on a nonrecurring basis as of October 4, 2014.

INTANGIBLE_AND_OTHER_ASSETS

INTANGIBLE AND OTHER ASSETS	9 Months Ended
	Oct. 04, 2014
INTANGIBLE AND OTHER ASSETS	'
INTANGIBLE AND OTHER ASSETS	'
	12. INTANGIBLE AND OTHER ASSETS
	The following table summarizes intangible and other assets (in thousands):
				October 4, 2014				December 28, 2013
		Useful		Gross		Accumulated		Gross		Accumulated
		Lives		Amount		Amortization		Amount		Amortization
	Intangibles-subject to amortization:
	Trademarks	10 yrs.		$	4,175	$	2,887	$	4,175	$	2,695
	Customer lists	5-10 yrs.		42,369		16,816		43,367		14,065
	Patents	3-20 yrs.		2,273		1,767		2,273		1,360
	Noncompete agreement	6 yrs.		1,874		781		1,913		558
	Other	7-20 yrs.		343		300		263		207
	Total intangibles-subject to amortization			51,034		22,551		51,991		18,885
	Intangibles-not subject to amortization:
	Trade names			83,626				83,659
	Other assets:
	Key money deposits			33,320		18,188		35,535		17,038
	Other deposits			26,067				22,574
	Deferred compensation plan assets			2,492				2,360
	Deferred tax asset-net			9,450				10,044
	Restricted cash			696				752
	Shop-in-shop			19,935		10,039		16,334		7,767
	Interest rate swap			2,965				4,307
	Other			6,653				4,466
	Total other assets			101,578		28,227		96,372		24,805
	Total intangible and other assets			$	236,238	$	50,778	$	232,022	$	43,690
	Total intangible and other assets-net					$	185,460			$	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 in each of the Third Quarter and Prior Year Quarter, and $3.9 million in each of the Year to Date Period and Prior Year YTD Period. Estimated aggregate future amortization expense by fiscal year for intangible assets is as follows (in thousands):
	Fiscal Year	Amortization
		Expense
	2014 (remaining)	$	1,268
	2015	4,687
	2016	4,548
	2017	4,290
	2018	3,929
	2019	3,832

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Oct. 04, 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	9 Months Ended
	Oct. 04, 2014
DEBT ACTIVITY	'
DEBT ACTIVITY	'
	14. DEBT ACTIVITY
	On May 23, 2014, the Company, entered into a First Amendment (the “Amendment”) to the Credit Agreement dated May 17, 2013. The Amendment increased the credit limit on the Company’s U.S. revolving line of credit (the “Revolver”) by $300 million to $1,050 million.
	The Company made principal payments of $3.1 million and $12.5 million under its $250 million term loan (the “Term Loan”) during the Third Quarter and Year To Date Period, respectively. The Company had net borrowings of $80.2 million and $128.2 million under its Revolver during the Third Quarter and Year To Date Period, respectively. Borrowings were primarily used to fund common stock repurchases, capital expenditures and normal operating expenses. As of October 4, 2014, $234.4 million and $378.2 million were outstanding under the Term Loan and the Revolver, respectively. Amounts available under the Revolver are reduced by any amounts outstanding under standby letters of credit. As of October 4, 2014, the Company had available borrowing capacity of approximately $670.9 million under the Revolver. The Company incurred approximately $1.5 million and $4.7 million of interest expense related to the Term Loan during the Third Quarter and Year To Date Period, respectively, including the impact of the related interest rate swap. The Company incurred approximately $1.5 million and $4.1 million of interest expense related to the Revolver during the Third Quarter and Year To Date Period, respectively. The Company was in compliance with all covenants in the Term Loan and Revolver as of October 4, 2014.

Subsequent_Events

Subsequent Events	9 Months Ended
	Oct. 04, 2014
Subsequent Events	'
Subsequent Events	'
	15. SUBSEQUENT EVENT
	Share Repurchase Program. On November 10, 2014, the Company’s board of directors authorized a new $1.0 billion share repurchase program with an expiration date of December 2018.

FINANCIAL_STATEMENT_POLICIES_P

FINANCIAL STATEMENT POLICIES (Policies)	9 Months Ended
	Oct. 04, 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 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 October 4, 2014, and the results of operations for the thirteen-week periods ended October 4, 2014 (“Third Quarter”) and September 28, 2013 (“Prior Year Quarter”), respectively, and the forty week period ended October 4, 2014 (“Year To Date Period”) and the thirty-nine week period ended September 28, 2013 (“Prior Year YTD Period”). All adjustments are of a normal, recurring nature. 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 included in the first quarter of the fiscal year. Accordingly, the information presented herein includes forty weeks of operations for the Year To Date Period as compared to thirty-nine weeks in the Prior Year YTD Period.
	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 Third Quarter and Year To Date Period are not necessarily indicative of the results to be achieved for the full fiscal year.
	The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”), which require the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the periods reported. Actual results could differ from those estimates. The Company has not made any changes in its significant accounting policies from those disclosed in the 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 October 4, 2014, the net result would have been a net gain of approximately $14.9 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 its variable rate debt obligations 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 entered into a forward contract designated as a net investment hedge that was settled during the second quarter of fiscal year 2014. 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 13		For the 13		For the 40		For the 39
		Weeks Ended		Weeks Ended		Weeks Ended		Weeks Ended
		October 4,		September 28,		October 4,		September 28,
		2014		2013		2014		2013
	Numerator:
	Net income attributable to Fossil Group, Inc	$	103,721	$	89,734	$	222,581	$	229,633
	Denominator:
	Basic EPS computation:
	Basic weighted average common shares outstanding	52,691		56,458		53,454		58,150
	Basic EPS	$	1.97	$	1.59	$	4.16	$	3.95
	Diluted EPS computation:
	Basic weighted average common shares outstanding	52,691		56,458		53,454		58,150
	Stock options, stock appreciation rights and restricted stock units	180		246		199		283
	Diluted weighted average common shares outstanding	52,871		56,704		53,653		58,433
	Diluted EPS	$	1.96	$	1.58	$	4.15	$	3.93
	Approximately 336,000, 314,000, 271,000, and 290,000 weighted average shares issuable under stock-based awards were not included in the diluted EPS calculation at the end of the Third Quarter, Year To Date Period, Prior Year Quarter, and Prior Year YTD Period, respectively, because they were antidilutive.

FINANCIAL_STATEMENT_POLICIES_T

FINANCIAL STATEMENT POLICIES (Tables)	9 Months Ended
	Oct. 04, 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 13		For the 13		For the 40		For the 39
		Weeks Ended		Weeks Ended		Weeks Ended		Weeks Ended
		October 4,		September 28,		October 4,		September 28,
		2014		2013		2014		2013
	Numerator:
	Net income attributable to Fossil Group, Inc	$	103,721	$	89,734	$	222,581	$	229,633
	Denominator:
	Basic EPS computation:
	Basic weighted average common shares outstanding	52,691		56,458		53,454		58,150
	Basic EPS	$	1.97	$	1.59	$	4.16	$	3.95
	Diluted EPS computation:
	Basic weighted average common shares outstanding	52,691		56,458		53,454		58,150
	Stock options, stock appreciation rights and restricted stock units	180		246		199		283
	Diluted weighted average common shares outstanding	52,871		56,704		53,653		58,433
	Diluted EPS	$	1.96	$	1.58	$	4.15	$	3.93

ACQUISITIONS_AND_GOODWILL_Tabl

ACQUISITIONS AND GOODWILL (Tables)	9 Months Ended
	Oct. 04, 2014
ACQUISITIONS 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 America			Europe			Asia Pacific			Total
		Wholesale			Wholesale			Wholesale
	Balance at December 28, 2013	$	118,147		$	77,217		$	11,590		$	206,954
	Foreign currency changes	(46		)	(5,910		)	(25		)	(5,981		)
	Balance at October 4, 2014	$	118,101		$	71,307		$	11,565		$	200,973

INVENTORIES_Tables

INVENTORIES (Tables)	9 Months Ended
	Oct. 04, 2014
INVENTORIES	'
Schedule of inventories	'
	Inventories consisted of the following (in thousands):
		October 4,		December 28,
		2014		2013
	Components and parts	$	47,954	$	56,275
	Work-in-process	9,609		14,017
	Finished goods	637,636		500,427
	Inventories	$	695,199	$	570,719

WARRANTY_RESERVE_Tables

WARRANTY RESERVE (Tables)	9 Months Ended
	Oct. 04, 2014
WARRANTY RESERVE	'
Schedule of warranty liability activity	'
	Warranty liability activity consisted of the following (in thousands):
		For the 40			For the 39
		Weeks Ended			Weeks Ended
		October 4,			September 28,
		2014			2013
	Beginning balance	$	15,658		$	13,383
	Settlements in cash or kind	(7,750		)	(7,624		)
	Warranties issued and adjustments to preexisting warranties (1)	6,614			8,622
	Liabilities assumed in acquisition	0			340
	Ending balance	$	14,522		$	14,721
	(1) Changes in cost estimates related to preexisting warranties are aggregated with accruals for new standard warranties issued and foreign currency changes.

INCOME_TAXES_Tables

INCOME TAXES (Tables)	9 Months Ended
	Oct. 04, 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 13			For the 13			For the 40			For the 39
		Weeks Ended			Weeks Ended			Weeks Ended			Weeks Ended
		October 4,			September 28,			October 4,			September 28,
		2014			2013			2014			2013
	Income tax expense	$	46,931		$	45,881		$	103,286		$	108,604
	Income tax rate	30.6		%	33.2		%	30.9		%	31.4		%

STOCKHOLDERS_EQUITY_Tables

STOCKHOLDERS' EQUITY (Tables)	9 Months Ended
	Oct. 04, 2014
STOCKHOLDERS' EQUITY	'
Schedule of common stock repurchase activity	'
	The following tables reflect the Company’s common stock repurchase activity for the periods indicated (in millions):
							For the 13 Weeks Ended				For the 13 Weeks Ended
							October 4, 2014				September 28, 2013
	Fiscal Year Authorized	Dollar Value			Termination Date		Number of		Dollar Value		Number of	Dollar Value
		Authorized					Shares		Repurchased		Shares	Repurchased
							Repurchased				Repurchased
	2012	$	1,000.00		December 2016		1.3		$	133.8	2	$	228.2
	2010	$	30		None		0		$	0	0	$	0
							For the 40 Weeks Ended				For the 39 Weeks Ended
							October 4, 2014				September 28, 2013
	Fiscal Year Authorized	Dollar Value			Termination Date		Number of		Dollar Value		Number of	Dollar Value
		Authorized					Shares		Repurchased		Shares	Repurchased
							Repurchased				Repurchased
	2012	$	1,000.00		December 2016		3		$	318.4	3.9	$	415.4
	2010	$	30		None		0		$	0	0	$	0
	2010	$	750		December 2013 (1)		0		$	0	0.4	$	38.6
	(1) In the first quarter of fiscal year 2013, the Company completed this repurchase plan.
Summary of 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	222,581			7,884			230,465
	Currency translation adjustment	(43,080		)	0			(43,080		)
	Derivative instruments - net change	11,361			0			11,361
	Common stock issued upon exercise of stock options	1,922			0			1,922
	Tax benefit derived from stock-based compensation	885			0			885
	Distribution of noncontrolling interest earnings	0			(5,392		)	(5,392		)
	Pension plan activity	(3,293		)	0			(3,293		)
	Acquisition of common stock	(321,224		)	0			(321,224		)
	Stock-based compensation expense	14,238			0			14,238
	Balance at October 4, 2014	$	952,067		$	9,182		$	961,249
		Fossil Group, Inc.						Total
		Stockholders’			Noncontrolling			Stockholders’
		Equity			Interest			Equity
	Balance at December 29, 2012	$	1,233,535		$	6,929		$	1,240,464
	Net income	229,633			7,130			236,763
	Currency translation adjustment	2,424			0			2,424
	Securities available for sale - net change	475			0			475
	Derivative instruments - net change	(701		)	0			(701		)
	Common stock issued upon exercise of stock options	6,203			0			6,203
	Tax benefit derived from stock-based compensation	7,204			0			7,204
	Distribution of noncontrolling interest earnings	0			(4,679		)	(4,679		)
	Acquisition of common stock	(460,413		)	0			(460,413		)
	Stock-based compensation expense	11,062			0			11,062
	Balance at September 28, 2013	$	1,029,422		$	9,380		$	1,038,802

EMPLOYEE_BENEFIT_PLANS_Tables

EMPLOYEE BENEFIT PLANS (Tables)	9 Months Ended
	Oct. 04, 2014
EMPLOYEE BENEFIT PLANS	'
Summary of stock options and stock appreciation rights activity	'
	The following table summarizes stock options and stock appreciation rights activity during the Year To Date Period:
						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	94		111.9
	Exercised	(49	)	42.91			3,318
	Forfeited or expired	(14	)	120.38
	Outstanding at October 4, 2014	709		82.34		5.7	18,541
	Exercisable at October 4, 2014	516		$	70.42	5.2	$	18,316
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 October 4, 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	70		$	15.37	3.7	70		$	15.37
	$21.55 - $34.59	57		29.47		2.4	57		29.47
	$35.78 - $67.10	72		39.9		4.8	72		39.9
	$69.53 - $106.40	101		80.88		6.5	97		80.75
	$106.89 - $131.46	169		128.1		7.4	116		128.1
	Total	469		$	75.64	5.6	412		$	68.78
	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	19		$	13.65	2.5	19		$	13.65
	$21.55 - $34.59	6		30.71		1.5	6		30.71
	$35.78 - $67.10	14		43.64		3.9	13		42.4
	$69.53 - $106.40	72		93.54		5.9	36		87.88
	$106.89 - $131.46	128		117.46		6.8	30		127.16
	Total	239		$	95.47	5.9	104		$	76.88
Summary of restricted stock and restricted stock unit activity	'
	The following table summarizes restricted stock and restricted stock unit activity during the Year To Date Period:
	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	159		111.35
	Vested	(110	)	90.73
	Forfeited	(12	)	108.14
	Nonvested at October 4, 2014	256		$	110.04

ACCUMULATED_OTHER_COMPREHENSIV1

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	9 Months Ended
	Oct. 04, 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 13 Weeks Ended October 4, 2014
		Currency			Forward			Interest Rate			Net			Pension			Total
		Translation			Contracts			Swap			Investment			Plan
		Adjustments									Hedge
	Beginning balance	$	38,551		$	(2,547	)	$	(319	)	$	257		$	(2,557	)	$	33,385
	Other comprehensive income (loss) before reclassifications	(43,479		)	21,752			(91		)	0			0			(21,818		)
	Tax (expense) benefit	0			(9,341		)	33			0			0			(9,308		)
	Amounts reclassed from accumulated other comprehensive income	0			1,560			(680		)	0			0			880
	Tax (expense) benefit	0			(548		)	248			0			0			(300		)
	Total other comprehensive income (loss)	(43,479		)	11,399			374			0			0			(31,706		)
	Ending balance	$	(4,928	)	$	8,852		$	55		$	257		$	(2,557	)	$	1,679
		For the 13 Weeks Ended September 28, 2013
		Currency			Securities			Forward			Interest Rate			Total
		Translation			Available for			Contracts			Swap
		Adjustments			Sale
	Beginning balance	$	13,328		$	(558	)	$	4,044		$	0		$	16,814
	Other comprehensive income (loss) before reclassifications	19,277			558			(8,649		)	(1,463		)	9,723
	Tax (expense) benefit	0			0			3,916			541			4,457
	Amounts reclassed from accumulated other comprehensive income	0			0			527			(460		)	67
	Tax (expense) benefit	0			0			(201		)	170			(31		)
	Total other comprehensive income (loss)	19,277			558			(5,059		)	(632		)	14,144
	Ending balance	$	32,605		$	0		$	(1,015	)	$	(632	)	$	30,958
		For the 40 Weeks Ended October 4, 2014
		Currency			Forward			Interest Rate			Net			Pension			Total
		Translation			Contracts			Swap			Investment			Plan
		Adjustments									Hedge
	Beginning balance	$	38,152		$	(2,091	)	$	(106	)	$	0		$	736		$	36,691
	Other comprehensive income (loss) before reclassifications	(43,080		)	19,652			(1,850		)	410			(2,946		)	(27,814		)
	Tax (expense) benefit	0			(9,228		)	676			(153		)	(347		)	(9,052		)
	Amounts reclassed from accumulated other comprehensive income	0			(839		)	(2,103		)	0			0			(2,942		)
	Tax (expense) benefit	0			320			768			0			0			1,088
	Total other comprehensive income (loss)	(43,080		)	10,943			161			257			(3,293		)	(35,012		)
	Ending balance	$	(4,928	)	$	8,852		$	55		$	257		$	(2,557	)	$	1,679
		For the 39 Weeks Ended September 28, 2013
		Currency			Securities			Forward			Interest Rate			Total
		Translation			Available for			Contracts			Swap
		Adjustments			Sale
	Beginning balance	$	30,181		$	(475	)	$	(946	)	$	0		$	28,760
	Other comprehensive income (loss) before reclassifications	2,424			475			945			(1,463		)	2,381
	Tax (expense) benefit	0			0			110			541			651
	Amounts reclassed from accumulated other comprehensive income	0			0			1,917			(460		)	1,457
	Tax (expense) benefit	0			0			(793		)	170			(623		)
	Total other comprehensive income (loss)	2,424			475			(69		)	(632		)	2,198
	Ending balance	$	32,605		$	0		$	(1,015	)	$	(632	)	$	30,958

SEGMENT_INFORMATION_Tables

SEGMENT INFORMATION (Tables)	9 Months Ended
	Oct. 04, 2014
SEGMENT INFORMATION	'
Summary information by operating segment	'
	Summary information by operating segment was as follows (in thousands):
		For the 13 Weeks Ended						For the 13 Weeks Ended
		October 4, 2014						September 28, 2013
		Net Sales			Operating			Net Sales			Operating
					Income						Income
	North America wholesale:
	External customers	$	319,088		$	72,441		$	300,707		$	76,689
	Intersegment	57,843						54,318
	Europe wholesale:
	External customers	242,201			73,701			209,507			56,180
	Intersegment	57,186						51,888
	Asia Pacific wholesale:
	External customers	116,654			32,761			104,835			36,046
	Intersegment	331,569						287,100
	Direct to consumer	216,539			22,174			195,347			18,567
	Intersegment items	(446,598		)				(393,306		)
	Corporate				(46,144		)				(46,450		)
	Consolidated	$	894,482		$	154,933		$	810,396		$	141,032
		For the 40 Weeks Ended						For the 39 Weeks Ended
		October 4, 2014						September 28, 2013
		Net Sales			Operating			Net Sales			Operating
					Income						Income
	North America wholesale:
	External customers	$	857,107		$	176,232		$	816,565		$	203,418
	Intersegment	148,812						149,280
	Europe wholesale:
	External customers	650,241			169,423			554,171			131,178
	Intersegment	156,776						131,289
	Asia Pacific wholesale:
	External customers	325,945			95,389			287,798			94,069
	Intersegment	827,853						742,190
	Direct to consumer	611,553			48,206			539,010			41,784
	Intersegment items	(1,133,441		)				(1,022,759		)
	Corporate				(144,861		)				(128,148		)
	Consolidated	$	2,444,846		$	344,389		$	2,197,544		$	342,301
Schedule of net sales for each class of similar products	'
	The following tables reflect net sales for each class of similar products in the periods presented (in thousands, except percentage data):
		For the 13 Weeks Ended					For the 13 Weeks Ended
		October 4, 2014					September 28, 2013
		Net Sales			Percentage of		Net Sales			Percentage of
					Total					Total
	Watches	$	696,291		77.8	%	$	619,087		76.4	%
	Leathers	107,954			12.1		114,692			14.1
	Jewelry	70,718			7.9		57,320			7.1
	Other	19,519			2.2		19,297			2.4
	Total	$	894,482		100	%	$	810,396		100	%
		For the 40 Weeks Ended					For the 39 Weeks Ended
		October 4, 2014					September 28, 2013
		Net Sales			Percentage of		Net Sales			Percentage of
					Total					Total
	Watches	$	1,908,887		78.1	%	$	1,679,329		76.4	%
	Leathers	295,001			12.1		309,228			14.1
	Jewelry	183,419			7.5		146,677			6.7
	Other	57,539			2.3		62,310			2.8
	Total	$	2,444,846		100	%	$	2,197,544		100	%

DERIVATIVES_AND_RISK_MANAGEMEN1

DERIVATIVES AND RISK MANAGEMENT (Tables)

9 Months Ended

Oct. 04, 2014

Derivatives

'

Schedule of outstanding forward contracts

'

As of October 4, 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

183.9

U.S. dollar

247.8

British pound

29

U.S. dollar

47.6

Canadian dollar

35.6

U.S. dollar

32.6

Japanese yen

2,705.00

U.S. dollar

26.5

Australian dollar

16.9

U.S. dollar

15.4

Mexican peso

202.1

U.S. dollar

15.2

Schedule of effective portion of gains and losses on derivative instruments recognized in other comprehensive income (loss), net of taxes

'

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

Derivative Contracts

For the 13 Weeks

For the 13 Weeks

Under ASC 815

Ended

Ended

October 4, 2014

September 28, 2013

Cash flow hedges:

Foreign exchange forward contracts

$

12,411

$

(4,733

)

Interest rate swap

(58

)

(922

)

Net investment hedge

0

0

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

$

12,353

$

(5,655

)

Derivative Contracts

For the 40 Weeks

For the 39 Weeks

Under ASC 815

Ended

Ended

October 4, 2014

September 28, 2013

Cash flow hedges:

Foreign exchange forward contracts

$

10,424

$

1,055

Interest rate swap

(1,174

)

(922

)

Net investment hedge

257

0

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

$

9,507

$

133

Schedule of effective portion of gains and losses on derivative instruments recorded in other comprehensive income (loss), net of taxes during the term of the hedging relationship and reclassified into earnings and gains and losses on derivatives not designated as hedging instruments recorded

'

The following table illustrates the effective portion of gains and losses on derivative instruments recorded in other comprehensive income (loss), net of taxes during the term of the hedging relationship and reclassified into earnings, and gains and losses on derivatives not designated as hedging instruments recorded directly to earnings during the Third Quarter, Prior Year Quarter, Year To Date Period, and Prior Year YTD Period (in thousands):

Condensed

Consolidated

For the 13

For the 13

Statements of Income

Weeks Ended

Weeks Ended

Derivative Contracts

and Comprehensive

October 4,

September 28,

Under ASC 815

Income Location

2014

2013

Foreign exchange contracts designated as cash flow hedging instruments

Other income-net

Total gain reclassified from other comprehensive income (loss)

$

1,012

$

326

Interest rate swap designated as a cash flow hedging instrument

Interest expense

Total loss reclassified from other comprehensive income (loss)

$

(432

)

$

(290

)

Condensed

Consolidated

For the 40

For the 39

Statements of Income

Weeks Ended

Weeks Ended

Derivative Contracts

and Comprehensive

October 4,

September 28,

Under ASC 815

Income Location

2014

2013

Foreign exchange contracts designated as cash flow hedging instruments

Other income-net

Total (loss) gain reclassified from other comprehensive income (loss)

$

(519

)

$

1,124

Foreign exchange contracts not designated as hedging instruments

Other income-net

Total loss recognized in income

$

(148

)

$

(74

)

Interest rate swap designated as a cash flow hedging instrument

Interest expense

Total loss reclassified from other comprehensive income (loss)

$

(1,335

)

$

(290

)

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

October 4, 2014

December 28, 2013

October 4, 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

$

20,016

Prepaid expenses and other current assets

$

3,289

Accrued expenses-other

$

198

Accrued expenses-other

$

7,651

Interest rate swap designated as a cash flow hedging instrument

Prepaid expenses and other current assets

0

Prepaid expenses and other current assets

0

Accrued expenses-other

2,382

Accrued expenses-other

2,783

Foreign exchange contracts designated as cash flow hedging instruments

Intangible and other assets- net

2,920

Intangible and other assets- net

219

Other long-term liabilities

0

Other long-term liabilities

563

Interest rate swap designated as a cash flow hedging instrument

Intangible and other assets- net

2,965

Intangible and other assets- net

4,307

Other long-term liabilities

496

Other long-term liabilities

1,693

Total

$

25,901

$

7,815

$

3,076

$

12,690

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Oct. 04, 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 October 4, 2014 (in thousands):
		Fair Value at October 4, 2014
		Level 1		Level 2		Level 3		Total
	Assets:
	Forward contracts	$	0	$	22,936	$	0	$	22,936
	Deferred compensation plan assets:
	Investment in publicly traded mutual funds	2,492		0		0		2,492
	Interest rate swap	0		2,965		0		2,965
	Total	$	2,492	$	25,901	$	0	$	28,393
	Liabilities:
	Contingent consideration	$	0	$	0	$	8,889	$	8,889
	Forward contracts	0		198		0		198
	Interest rate swap	0		2,878		0		2,878
	Total	$	0	$	3,076	$	8,889	$	11,965
	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

INTANGIBLE_AND_OTHER_ASSETS_Ta

INTANGIBLE AND OTHER ASSETS (Tables)	9 Months Ended
	Oct. 04, 2014
INTANGIBLE AND OTHER ASSETS	'
Schedule of intangible and other assets	'
	The following table summarizes intangible and other assets (in thousands):
				October 4, 2014				December 28, 2013
		Useful		Gross		Accumulated		Gross		Accumulated
		Lives		Amount		Amortization		Amount		Amortization
	Intangibles-subject to amortization:
	Trademarks	10 yrs.		$	4,175	$	2,887	$	4,175	$	2,695
	Customer lists	5-10 yrs.		42,369		16,816		43,367		14,065
	Patents	3-20 yrs.		2,273		1,767		2,273		1,360
	Noncompete agreement	6 yrs.		1,874		781		1,913		558
	Other	7-20 yrs.		343		300		263		207
	Total intangibles-subject to amortization			51,034		22,551		51,991		18,885
	Intangibles-not subject to amortization:
	Trade names			83,626				83,659
	Other assets:
	Key money deposits			33,320		18,188		35,535		17,038
	Other deposits			26,067				22,574
	Deferred compensation plan assets			2,492				2,360
	Deferred tax asset-net			9,450				10,044
	Restricted cash			696				752
	Shop-in-shop			19,935		10,039		16,334		7,767
	Interest rate swap			2,965				4,307
	Other			6,653				4,466
	Total other assets			101,578		28,227		96,372		24,805
	Total intangible and other assets			$	236,238	$	50,778	$	232,022	$	43,690
	Total intangible and other assets-net					$	185,460			$	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)	$	1,268
	2015	4,687
	2016	4,548
	2017	4,290
	2018	3,929
	2019	3,832

FINANCIAL_STATEMENT_POLICIES_D

FINANCIAL STATEMENT POLICIES (Details) (USD $)	3 Months Ended		9 Months Ended
	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013
Hedging Instruments	'	'	'	'
Unrealized net gain on foreign currency forward contracts, if settled	'	'	$14,900,000	'
Numerator:	'	'	'	'
Net income attributable to Fossil Group, Inc.	$103,721,000	$89,734,000	$222,581,000	$229,633,000
Denominator:	'	'	'	'
Basic weighted average common shares outstanding	52,691,000	56,458,000	53,454,000	58,150,000
Basic EPS (in dollars per share)	$1.97	$1.59	$4.16	$3.95
Diluted EPS computation:	'	'	'	'
Basic weighted average common shares outstanding	52,691,000	56,458,000	53,454,000	58,150,000
Stock options, stock appreciation rights and restricted stock units (in shares)	180,000	246,000	199,000	283,000
Diluted weighted average common shares outstanding	52,871,000	56,704,000	53,653,000	58,433,000
Diluted EPS (in dollars per share)	$1.96	$1.58	$4.15	$3.93
Other EPS Disclosures	'	'	'	'
Weighted average shares issuable under stock-based awards not included in the diluted EPS calculation	336,000	271,000	314,000	290,000

ACQUISITIONS_AND_GOODWILL_Deta

ACQUISITIONS AND GOODWILL (Details)

9 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

Oct. 04, 2014

Sep. 28, 2013

Dec. 28, 2013

Dec. 31, 2012

Dec. 28, 2013

Oct. 04, 2014

Oct. 04, 2014

Dec. 28, 2013

Dec. 28, 2013

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Aug. 10, 2012

Dec. 29, 2012

Dec. 29, 2012

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

Accrued expenses - other

Accrued expenses - other

Other long-term liabilities

Other long-term liabilities

Minimum

Minimum

Maximum

Maximum

General De Relojeria

General De Relojeria

General De Relojeria

item

USD ($)

EUR (€)

USD ($)

EUR (€)

USD ($)

EUR (€)

USD ($)

EUR (€)

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

$6,510,000

'

'

$6,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Goodwill

200,973,000

'

206,954,000

8,900,000

10,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

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

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

50.00%

50.00%

Fixed portion of purchase price for the shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

6,800,000

5,200,000

Variable price

'

'

'

'

'

'

'

'

'

'

'

2,600,000

2,000,000

4,600,000

3,500,000

'

7,800,000

5,900,000

Contingent Consideration

'

'

'

'

'

5,600,000

4,500,000

5,600,000

4,500,000

8,100,000

6,400,000

'

'

'

'

'

'

'

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_AND_GOODWILL_Deta1

ACQUISITIONS AND GOODWILL (Details 2) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Oct. 04, 2014
Changes in carrying amount of goodwill	'
Beginning Balance	$206,954
Foreign currency changes	-5,981
Ending Balance	200,973
North America Wholesale	'
Changes in carrying amount of goodwill	'
Beginning Balance	118,147
Foreign currency changes	-46
Ending Balance	118,101
Europe Wholesale	'
Changes in carrying amount of goodwill	'
Beginning Balance	77,217
Foreign currency changes	-5,910
Ending Balance	71,307
Asia Pacific Wholesale	'
Changes in carrying amount of goodwill	'
Beginning Balance	11,590
Foreign currency changes	-25
Ending Balance	$11,565

INVENTORIES_Details

INVENTORIES (Details) (USD $)	Oct. 04, 2014	Dec. 28, 2013
In Thousands, unless otherwise specified
INVENTORIES	'	'
Components and parts	$47,954	$56,275
Work-in-process	9,609	14,017
Finished goods	637,636	500,427
Inventories	$695,199	$570,719

WARRANTY_RESERVE_Details

WARRANTY RESERVE (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Oct. 04, 2014		Sep. 28, 2013
Warranty liability activity	'		'
Beginning balance	$15,658		$13,383
Settlements in cash or kind	-7,750		-7,624
Warranties issued and adjustments to preexisting warranties	6,614	[1]	8,622	[1]
Liabilities assumed in acquisition	0		340
Ending balance	$14,522		$14,721
[1]	Changes in cost estimates related to preexisting warranties are aggregated with accruals for new standard warranties issued and foreign currency changes.

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended		9 Months Ended
	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013
INCOME TAXES	'	'	'	'
Income tax expense	$46,931,000	$45,881,000	$103,286,000	$108,604,000
Income tax rate (as a percent)	30.60%	33.20%	30.90%	31.40%
Unrecognized tax benefits	16,800,000	'	16,800,000	'
Unrecognized tax benefits that would impact effective tax rate	10,800,000	'	10,800,000	'
Unrecognized tax benefits excluding interest and penalties	600,000	'	600,000	'
Total amount of accrued income tax-related interest	1,700,000	'	1,700,000	'
Penalties accrued	400,000	'	400,000	'
Accrued income tax-related interest expense	$200,000	'	$600,000	'

STOCKHOLDERS_EQUITY_Details

STOCKHOLDERS' EQUITY (Details) (USD $)	3 Months Ended		9 Months Ended
Share data in Millions, unless otherwise specified	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013
Common and Preferred Stock	'	'	'	'
Authorizations remaining	$175,300,000	'	$175,300,000	'
Stock repurchase plans | Common stock	'	'	'	'
Common Stock Repurchase Programs	'	'	'	'
Treasury stock effectively retired (in shares)	'	'	3	'
Treasury stock effectively retired	'	'	30,000	'
Stock repurchase plans | Additional paid-in capital	'	'	'	'
Common Stock Repurchase Programs	'	'	'	'
Treasury stock effectively retired	'	'	1,900,000	'
Stock repurchase plans | Retained earnings	'	'	'	'
Common Stock Repurchase Programs	'	'	'	'
Treasury stock effectively retired	'	'	316,400,000	'
Stock repurchase plans | Treasury stock	'	'	'	'
Common Stock Repurchase Programs	'	'	'	'
Treasury stock effectively retired	'	'	318,400,000	'
Repurchase program with termination date of December 2016	'	'	'	'
Common Stock Repurchase Programs	'	'	'	'
Common stock authorized amount, value	1,000,000,000	1,000,000,000	1,000,000,000	1,000,000,000
Number of shares repurchased	1.3	2	3	3.9
Common stock repurchased, value	133,800,000	228,200,000	318,400,000	415,400,000
Share repurchase plan with no termination date	'	'	'	'
Common Stock Repurchase Programs	'	'	'	'
Common stock authorized amount, value	30,000,000	30,000,000	30,000,000	30,000,000
Number of shares repurchased	0	0	0	0
Common stock repurchased, value	0	0	0	0
Share repurchase plan with December 2013 termination date	'	'	'	'
Common Stock Repurchase Programs	'	'	'	'
Common stock authorized amount, value	750,000,000	750,000,000	750,000,000	750,000,000
Number of shares repurchased	'	'	0	0.4
Common stock repurchased, value	'	'	$0	$38,600,000	[1]
[1]	In the first quarter of fiscal 2013, the company completed this repurchase plan.

STOCKHOLDERS_EQUITY_Details_2

STOCKHOLDERS' EQUITY (Details 2) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013
Summary of changes in equity attributable to controlling and noncontrolling interest	'	'	'	'
Balance	'	'	$1,075,367	$1,240,464
Net income	106,404	92,374	230,465	236,763
Currency translation adjustment	'	'	-43,080	2,424
Securities available for sale - net change	0	558	0	475
Derivative instruments-net change	11,773	-5,691	11,361	-701
Common stock issued upon exercise of stock options	'	'	1,922	6,203
Tax benefit derived from stock-based compensation	'	'	885	7,204
Distribution of noncontrolling interest earnings	'	'	-5,392	-4,679
Pension plan activity	0	0	-3,293	0
Acquisition of common stock	'	'	-321,224	-460,413
Stock-based compensation expense	'	'	14,238	11,062
Balance	961,249	1,038,802	961,249	1,038,802
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	'	'	222,581	229,633
Currency translation adjustment	'	'	-43,080	2,424
Securities available for sale - net change	'	'	'	475
Derivative instruments-net change	'	'	11,361	-701
Common stock issued upon exercise of stock options	'	'	1,922	6,203
Tax benefit derived from stock-based compensation	'	'	885	7,204
Distribution of noncontrolling interest earnings	'	'	0	0
Pension plan activity	'	'	-3,293	'
Acquisition of common stock	'	'	-321,224	-460,413
Stock-based compensation expense	'	'	14,238	11,062
Balance	952,067	1,029,422	952,067	1,029,422
Noncontrolling Interest	'	'	'	'
Summary of changes in equity attributable to controlling and noncontrolling interest	'	'	'	'
Balance	'	'	6,690	6,929
Net income	'	'	7,884	7,130
Currency translation adjustment	'	'	0	0
Securities available for sale - net change	'	'	'	0
Derivative instruments-net change	'	'	0	0
Common stock issued upon exercise of stock options	'	'	0	0
Tax benefit derived from stock-based compensation	'	'	0	0
Distribution of noncontrolling interest earnings	'	'	-5,392	-4,679
Pension plan activity	'	'	0	'
Acquisition of common stock	'	'	0	0
Stock-based compensation expense	'	'	0	0
Balance	$9,182	$9,380	$9,182	$9,380

EMPLOYEE_BENEFIT_PLANS_Details

EMPLOYEE BENEFIT PLANS (Details) (USD $)	9 Months Ended	12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Oct. 04, 2014	Dec. 28, 2013
Shares	'	'
Beginning Balance, Shares	678	'
Granted (in shares)	94	'
Exercised (in shares)	-49	'
Forfeited or expired (in shares)	-14	'
Ending Balance, Shares	709	678
Exercisable at end of period (in shares)	516	'
Weighted-Average Exercise Price Per Share	'	'
Beginning Balance, Weighted-average Exercise Price (in dollars per share)	$76.15	'
Granted (in dollars per share)	$111.90	'
Exercised (in dollars per share)	$42.91	'
Forfeited or expired (in dollars per share)	$120.38	'
Ending Balance, Weighted-average Exercise Price (in dollars per share)	$82.34	$76.15
Stock Options and Stock Appreciation Rights Exercisable, Weighted- Average Exercise Price (in dollars per share)	$70.42	'
Weighted-Average Remaining Contractual Term	'	'
Beginning of period	'5 years 8 months 12 days	'6 years 2 months 12 days
End of period	'5 years 8 months 12 days	'6 years 2 months 12 days
Exercisable at end of period	'5 years 2 months 12 days	'
Aggregate Intrinsic Value	'	'
Beginning of period	$31,794	'
Exercised	3,318	'
End of period	18,541	31,794
Exercisable at end of period	$18,316	'

EMPLOYEE_BENEFIT_PLANS_Details1

EMPLOYEE BENEFIT PLANS (Details 2) (USD $)	9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Oct. 04, 2014
Stock options	'
Stock-based compensation plans disclosures	'
Stock Options Outstanding, Number Of Shares	469
Stock Options Outstanding, Weighted- Average Exercise Price (in dollars per share)	$75.64
Stock Options Outstanding, Weighted- Average Remaining Contractual Term	'5 years 7 months 6 days
Stock Options Exercisable, Number Of Shares	412
Stock Options Exercisable, Weighted- Average Exercise Price (in dollars per share)	$68.78
Stock appreciation rights	'
Stock-based compensation plans disclosures	'
Stock Appreciation Rights Outstanding, Number Of Shares	239
Stock Appreciation Rights Outstanding, Weighted- Average Exercise Price (in dollars per share)	$95.47
Stock Appreciation Rights Outstanding, Weighted- Average Remaining Contractual Term	'5 years 10 months 24 days
Stock Appreciation Rights Exercisable, Number Of Shares	104
Stock Appreciation Rights Exercisable, Weighted- Average Exercise Price (in dollars per share)	$76.88
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	70
Stock Options Outstanding, Weighted- Average Exercise Price (in dollars per share)	$15.37
Stock Options Outstanding, Weighted- Average Remaining Contractual Term	'3 years 8 months 12 days
Stock Options Exercisable, Number Of Shares	70
Stock Options Exercisable, Weighted- Average Exercise Price (in dollars per share)	$15.37
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	19
Stock Appreciation Rights Outstanding, Weighted- Average Exercise Price (in dollars per share)	$13.65
Stock Appreciation Rights Outstanding, Weighted- Average Remaining Contractual Term	'2 years 6 months
Stock Appreciation Rights Exercisable, Number Of Shares	19
Stock Appreciation Rights Exercisable, Weighted- Average Exercise Price (in dollars per share)	$13.65
Range Of Exercise Prices $21.55 - $34.59 | Stock options	'
Stock-based compensation plans disclosures	'
Stock Options Outstanding, lower range (in dollars per share)	$21.55
Stock Options Outstanding, upper range (in dollars per share)	$34.59
Stock Options Outstanding, Number Of Shares	57
Stock Options Outstanding, Weighted- Average Exercise Price (in dollars per share)	$29.47
Stock Options Outstanding, Weighted- Average Remaining Contractual Term	'2 years 4 months 24 days
Stock Options Exercisable, Number Of Shares	57
Stock Options Exercisable, Weighted- Average Exercise Price (in dollars per share)	$29.47
Range Of Exercise Prices $21.55 - $34.59 | Stock appreciation rights	'
Stock-based compensation plans disclosures	'
Stock Appreciation Rights Outstanding, lower range (in dollars per share)	$21.55
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	'1 year 6 months
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 $35.78 - $67.10 | Stock options	'
Stock-based compensation plans disclosures	'
Stock Options Outstanding, lower range (in dollars per share)	$35.78
Stock Options Outstanding, upper range (in dollars per share)	$67.10
Stock Options Outstanding, Number Of Shares	72
Stock Options Outstanding, Weighted- Average Exercise Price (in dollars per share)	$39.90
Stock Options Outstanding, Weighted- Average Remaining Contractual Term	'4 years 9 months 18 days
Stock Options Exercisable, Number Of Shares	72
Stock Options Exercisable, Weighted- Average Exercise Price (in dollars per share)	$39.90
Range Of Exercise Prices $35.78 - $67.10 | Stock appreciation rights	'
Stock-based compensation plans disclosures	'
Stock Appreciation Rights Outstanding, lower range (in dollars per share)	$35.78
Stock Appreciation Rights Outstanding, upper range (in dollars per share)	$67.10
Stock Appreciation Rights Outstanding, Number Of Shares	14
Stock Appreciation Rights Outstanding, Weighted- Average Exercise Price (in dollars per share)	$43.64
Stock Appreciation Rights Outstanding, Weighted- Average Remaining Contractual Term	'3 years 10 months 24 days
Stock Appreciation Rights Exercisable, Number Of Shares	13
Stock Appreciation Rights Exercisable, Weighted- Average Exercise Price (in dollars per share)	$42.40
Range Of Exercise Prices $69.53 - $106.40 | Stock options	'
Stock-based compensation plans disclosures	'
Stock Options Outstanding, lower range (in dollars per share)	$69.53
Stock Options Outstanding, upper range (in dollars per share)	$106.40
Stock Options Outstanding, Number Of Shares	101
Stock Options Outstanding, Weighted- Average Exercise Price (in dollars per share)	$80.88
Stock Options Outstanding, Weighted- Average Remaining Contractual Term	'6 years 6 months
Stock Options Exercisable, Number Of Shares	97
Stock Options Exercisable, Weighted- Average Exercise Price (in dollars per share)	$80.75
Range Of Exercise Prices $69.53 - $106.40 | Stock appreciation rights	'
Stock-based compensation plans disclosures	'
Stock Appreciation Rights Outstanding, lower range (in dollars per share)	$69.53
Stock Appreciation Rights Outstanding, upper range (in dollars per share)	$106.40
Stock Appreciation Rights Outstanding, Number Of Shares	72
Stock Appreciation Rights Outstanding, Weighted- Average Exercise Price (in dollars per share)	$93.54
Stock Appreciation Rights Outstanding, Weighted- Average Remaining Contractual Term	'5 years 10 months 24 days
Stock Appreciation Rights Exercisable, Number Of Shares	36
Stock Appreciation Rights Exercisable, Weighted- Average Exercise Price (in dollars per share)	$87.88
Range Of Exercise Prices $106.89 - $131.46 | Stock options	'
Stock-based compensation plans disclosures	'
Stock Options Outstanding, lower range (in dollars per share)	$106.89
Stock Options Outstanding, upper range (in dollars per share)	$131.46
Stock Options Outstanding, Number Of Shares	169
Stock Options Outstanding, Weighted- Average Exercise Price (in dollars per share)	$128.10
Stock Options Outstanding, Weighted- Average Remaining Contractual Term	'7 years 4 months 24 days
Stock Options Exercisable, Number Of Shares	116
Stock Options Exercisable, Weighted- Average Exercise Price (in dollars per share)	$128.10
Range Of Exercise Prices $106.89 - $131.46 | Stock appreciation rights	'
Stock-based compensation plans disclosures	'
Stock Appreciation Rights Outstanding, lower range (in dollars per share)	$106.89
Stock Appreciation Rights Outstanding, upper range (in dollars per share)	$131.46
Stock Appreciation Rights Outstanding, Number Of Shares	128
Stock Appreciation Rights Outstanding, Weighted- Average Exercise Price (in dollars per share)	$117.46
Stock Appreciation Rights Outstanding, Weighted- Average Remaining Contractual Term	'6 years 9 months 18 days
Stock Appreciation Rights Exercisable, Number Of Shares	30
Stock Appreciation Rights Exercisable, Weighted- Average Exercise Price (in dollars per share)	$127.16

EMPLOYEE_BENEFIT_PLANS_Details2

EMPLOYEE BENEFIT PLANS (Details 3) (Restricted Stock and Restricted Stock Units, USD $)	9 Months Ended
In Millions, except Share data in Thousands, unless otherwise specified	Oct. 04, 2014
Restricted Stock and Restricted Stock Units	'
Nonvested, Number of Shares	'
Nonvested, beginning balance (in shares)	219
Granted (in shares)	159
Vested (in shares)	-110
Forfeited (in shares)	-12
Nonvested, ending balance (in shares)	256
Nonvested, Weighted-Average Grant Date Fair Value	'
Nonvested, beginning balance (in dollars per share)	$99.27
Granted (in dollars per share)	$111.35
Vested (in dollars per share)	$90.73
Forfeited (in dollars per share)	$108.14
Nonvested, ending balance (in dollars per share)	$110.04
Fair value of restricted stock and restricted stock units, vested	$12.20

ACCUMULATED_OTHER_COMPREHENSIV2

ACCUMULATED OTHER COMPREHENSIVE INCOME (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013
Changes in the balances of each component of accumulated other comprehensive income, net of taxes	'	'	'	'
Beginning balance	$33,385	$16,814	$36,691	$28,760
Other comprehensive income (loss) before reclassifications	-21,818	9,723	-27,814	2,381
Tax (expense) benefit	-9,308	4,457	-9,052	651
Amounts reclassed from accumulated other comprehensive income	880	67	-2,942	1,457
Tax (expense) benefit	-300	-31	1,088	-623
Total other comprehensive income (loss)	-31,706	14,144	-35,012	2,198
Ending balance	1,679	30,958	1,679	30,958
Currency Translation Adjustments	'	'	'	'
Changes in the balances of each component of accumulated other comprehensive income, net of taxes	'	'	'	'
Beginning balance	38,551	13,328	38,152	30,181
Other comprehensive income (loss) before reclassifications	-43,479	19,277	-43,080	2,424
Tax (expense) benefit	0	0	0	0
Amounts reclassed from accumulated other comprehensive income	0	0	0	0
Tax (expense) benefit	0	0	0	0
Total other comprehensive income (loss)	-43,479	19,277	-43,080	2,424
Ending balance	-4,928	32,605	-4,928	32,605
Securities Available for Sale	'	'	'	'
Changes in the balances of each component of accumulated other comprehensive income, net of taxes	'	'	'	'
Beginning balance	'	-558	'	-475
Other comprehensive income (loss) before reclassifications	'	558	'	475
Tax (expense) benefit	'	0	'	0
Amounts reclassed from accumulated other comprehensive income	'	0	'	0
Tax (expense) benefit	'	0	'	0
Total other comprehensive income (loss)	'	558	'	475
Ending balance	'	0	'	0
Derivatives Designated as Cash Flow Hedges | Foreign exchange forward contracts	'	'	'	'
Changes in the balances of each component of accumulated other comprehensive income, net of taxes	'	'	'	'
Beginning balance	-2,547	4,044	-2,091	-946
Other comprehensive income (loss) before reclassifications	21,752	-8,649	19,652	945
Tax (expense) benefit	-9,341	3,916	-9,228	110
Amounts reclassed from accumulated other comprehensive income	1,560	527	-839	1,917
Tax (expense) benefit	-548	-201	320	-793
Total other comprehensive income (loss)	11,399	-5,059	10,943	-69
Ending balance	8,852	-1,015	8,852	-1,015
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	-319	0	-106	0
Other comprehensive income (loss) before reclassifications	-91	-1,463	-1,850	-1,463
Tax (expense) benefit	33	541	676	541
Amounts reclassed from accumulated other comprehensive income	-680	-460	-2,103	-460
Tax (expense) benefit	248	170	768	170
Total other comprehensive income (loss)	374	-632	161	-632
Ending balance	55	-632	55	-632
Net Investment Hedge	'	'	'	'
Changes in the balances of each component of accumulated other comprehensive income, net of taxes	'	'	'	'
Beginning balance	257	'	0	'
Other comprehensive income (loss) before reclassifications	0	'	410	'
Tax (expense) benefit	0	'	-153	'
Amounts reclassed from accumulated other comprehensive income	0	'	0	'
Tax (expense) benefit	0	'	0	'
Total other comprehensive income (loss)	0	'	257	'
Ending balance	257	'	257	'
Pension Plan	'	'	'	'
Changes in the balances of each component of accumulated other comprehensive income, net of taxes	'	'	'	'
Beginning balance	-2,557	'	736	'
Other comprehensive income (loss) before reclassifications	0	'	-2,946	'
Tax (expense) benefit	0	'	-347	'
Amounts reclassed from accumulated other comprehensive income	0	'	0	'
Tax (expense) benefit	0	'	0	'
Total other comprehensive income (loss)	0	'	-3,293	'
Ending balance	($2,557)	'	($2,557)	'

SEGMENT_INFORMATION_Details

SEGMENT INFORMATION (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013
Summary information by operating segment	'	'	'	'
Net Sales	$894,482	$810,396	$2,444,846	$2,197,544
Operating Income	154,933	141,032	344,389	342,301
Intersegment	'	'	'	'
Summary information by operating segment	'	'	'	'
Net Sales	-446,598	-393,306	-1,133,441	-1,022,759
Corporate	'	'	'	'
Summary information by operating segment	'	'	'	'
Operating Income	-46,144	-46,450	-144,861	-128,148
North America wholesale	'	'	'	'
Summary information by operating segment	'	'	'	'
Net Sales	319,088	300,707	857,107	816,565
North America wholesale | Operating Segment	'	'	'	'
Summary information by operating segment	'	'	'	'
Operating Income	72,441	76,689	176,232	203,418
North America wholesale | Intersegment	'	'	'	'
Summary information by operating segment	'	'	'	'
Net Sales	57,843	54,318	148,812	149,280
Europe wholesale	'	'	'	'
Summary information by operating segment	'	'	'	'
Net Sales	242,201	209,507	650,241	554,171
Europe wholesale | Operating Segment	'	'	'	'
Summary information by operating segment	'	'	'	'
Operating Income	73,701	56,180	169,423	131,178
Europe wholesale | Intersegment	'	'	'	'
Summary information by operating segment	'	'	'	'
Net Sales	57,186	51,888	156,776	131,289
Asia Pacific wholesale	'	'	'	'
Summary information by operating segment	'	'	'	'
Net Sales	116,654	104,835	325,945	287,798
Asia Pacific wholesale | Operating Segment	'	'	'	'
Summary information by operating segment	'	'	'	'
Operating Income	32,761	36,046	95,389	94,069
Asia Pacific wholesale | Intersegment	'	'	'	'
Summary information by operating segment	'	'	'	'
Net Sales	331,569	287,100	827,853	742,190
Direct to consumer	'	'	'	'
Summary information by operating segment	'	'	'	'
Net Sales	216,539	195,347	611,553	539,010
Direct to consumer | Operating Segment	'	'	'	'
Summary information by operating segment	'	'	'	'
Operating Income	$22,174	$18,567	$48,206	$41,784

SEGMENT_INFORMATION_Details_2

SEGMENT INFORMATION (Details 2) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013
Net sales for each class of similar products	'	'	'	'
Net sales	$894,482	$810,396	$2,444,846	$2,197,544
Percentage of Total	100.00%	100.00%	100.00%	100.00%
Watches	'	'	'	'
Net sales for each class of similar products	'	'	'	'
Net sales	696,291	619,087	1,908,887	1,679,329
Percentage of Total	77.80%	76.40%	78.10%	76.40%
Leathers	'	'	'	'
Net sales for each class of similar products	'	'	'	'
Net sales	107,954	114,692	295,001	309,228
Percentage of Total	12.10%	14.10%	12.10%	14.10%
Jewelry	'	'	'	'
Net sales for each class of similar products	'	'	'	'
Net sales	70,718	57,320	183,419	146,677
Percentage of Total	7.90%	7.10%	7.50%	6.70%
Other	'	'	'	'
Net sales for each class of similar products	'	'	'	'
Net sales	$19,519	$19,297	$57,539	$62,310
Percentage of Total	2.20%	2.40%	2.30%	2.80%

DERIVATIVES_AND_RISK_MANAGEMEN2

DERIVATIVES AND RISK MANAGEMENT (Details)

3 Months Ended

9 Months Ended

9 Months Ended

Oct. 04, 2014

Sep. 28, 2013

Oct. 04, 2014

Sep. 28, 2013

Oct. 04, 2014

Sep. 28, 2013

Apr. 05, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

USD ($)

USD ($)

USD ($)

USD ($)

Forward Contracts

Forward Contracts

Foreign exchange forward contracts

Foreign exchange forward contracts

Foreign exchange forward contracts

Foreign exchange forward contracts

Foreign exchange forward contracts

Foreign exchange forward contracts

Foreign exchange forward contracts

Foreign exchange forward contracts

Foreign exchange forward contracts

Foreign exchange forward contracts

Foreign exchange forward contracts

Foreign exchange forward contracts

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%

'

65.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Hedges resulted ineffectiveness

$0

$0

$0

$0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Derivatives

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Gains or losses reclassified into earnings

103,721,000

89,734,000

222,581,000

229,633,000

0

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notional amount

'

'

'

'

'

'

'

247,800,000

183,900,000

47,600,000

29,000,000

32,600,000

35,600,000

26,500,000

2,705,000,000

15,400,000

16,900,000

15,200,000

202,100,000

'

'

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		9 Months Ended
In Thousands, unless otherwise specified	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013
Derivatives	'	'	'	'
Total gain (loss) recognized in other comprehensive income (loss), net of taxes	$12,353	($5,655)	$9,507	$133
Cash flow hedges | Foreign exchange forward contracts	'	'	'	'
Derivatives	'	'	'	'
Total gain (loss) recognized in other comprehensive income (loss), net of taxes	12,411	-4,733	10,424	1,055
Cash flow hedges | Interest rate swap	'	'	'	'
Derivatives	'	'	'	'
Total gain (loss) recognized in other comprehensive income (loss), net of taxes	-58	-922	-1,174	-922
Net Investment Hedges	'	'	'	'
Derivatives	'	'	'	'
Total gain (loss) recognized in other comprehensive income (loss), net of taxes	$0	$0	$257	$0

DERIVATIVES_AND_RISK_MANAGEMEN4

DERIVATIVES AND RISK MANAGEMENT (Details 3) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013
Foreign exchange contracts | Designated | Cash flow hedges	'	'	'	'
Effective portion of gains and losses on derivative instruments	'	'	'	'
Total (loss) gain reclassified from other comprehensive income (loss)	$1,012	$326	($519)	$1,124
Foreign exchange contracts | Not designated as hedging instruments	'	'	'	'
Effective portion of gains and losses on derivative instruments	'	'	'	'
Total loss recognized in income	0	0	-148	-74
Interest rate swap | Designated | Cash flow hedges	'	'	'	'
Effective portion of gains and losses on derivative instruments	'	'	'	'
Total (loss) gain reclassified from other comprehensive income (loss)	($432)	($290)	($1,335)	($290)

DERIVATIVES_AND_RISK_MANAGEMEN5

DERIVATIVES AND RISK MANAGEMENT (Details 4) (USD $)	Oct. 04, 2014	Dec. 28, 2013
Fair value of derivative instruments	'	'
Asset Derivatives, Fair Value	$25,901,000	$7,815,000
Liability Derivatives, Fair Value	3,076,000	12,690,000
Existing gain expected to be reclassified into earnings within the next twelve months	13,000,000	'
Foreign exchange forward contracts | Designated | Cash flow hedges | Prepaid expenses and other current assets	'	'
Fair value of derivative instruments	'	'
Asset Derivatives, Fair Value	20,016,000	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	2,920,000	219,000
Foreign exchange forward contracts | Designated | Cash flow hedges | Accrued expenses - other	'	'
Fair value of derivative instruments	'	'
Liability Derivatives, Fair Value	198,000	7,651,000
Foreign exchange forward contracts | Designated | Cash flow hedges | Other long-term liabilities	'	'
Fair value of derivative instruments	'	'
Liability Derivatives, Fair Value	0	563,000
Interest rate swap | Designated | Cash flow hedges | Prepaid expenses and other current assets	'	'
Fair value of derivative instruments	'	'
Asset Derivatives, Fair Value	0	0
Interest rate swap | Designated | Cash flow hedges | Intangible and other assets-net	'	'
Fair value of derivative instruments	'	'
Asset Derivatives, Fair Value	2,965,000	4,307,000
Interest rate swap | Designated | Cash flow hedges | Accrued expenses - other	'	'
Fair value of derivative instruments	'	'
Liability Derivatives, Fair Value	2,382,000	2,783,000
Interest rate swap | Designated | Cash flow hedges | Other long-term liabilities	'	'
Fair value of derivative instruments	'	'
Liability Derivatives, Fair Value	$496,000	$1,693,000

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details)

9 Months Ended

3 Months Ended

9 Months Ended

9 Months Ended

Oct. 04, 2014

Sep. 28, 2013

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Oct. 04, 2014

Dec. 28, 2013

Oct. 04, 2014

Dec. 28, 2013

Oct. 04, 2014

Dec. 28, 2013

Oct. 04, 2014

Dec. 28, 2013

USD ($)

USD ($)

Contingent consideration, Fossil Spain

Contingent consideration, Fossil Spain

Maximum

Maximum

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

EUR (€)

USD ($)

Fossil Spain

Fossil Spain

Contingent consideration, Fossil Spain

Minimum

Maximum

Level 1

Level 1

Level 2

Level 2

Level 3

Level 3

Total

Total

USD ($)

EUR (€)

Contingent consideration, Fossil Spain

Contingent consideration, Fossil Spain

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

USD ($)

Assets:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Forward contracts

'

'

'

'

'

'

'

'

'

$0

$0

$22,936,000

$3,508,000

$0

$0

$22,936,000

$3,508,000

Investment in publicly traded mutual funds

'

'

'

'

'

'

'

'

'

2,492,000

2,360,000

0

0

0

0

2,492,000

2,360,000

Interest rate swap

'

'

'

'

'

'

'

'

'

0

0

2,965,000

4,307,000

0

0

2,965,000

4,307,000

Total

'

'

'

'

'

'

'

'

'

2,492,000

2,360,000

25,901,000

7,815,000

0

0

28,393,000

10,175,000

Liabilities:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Contingent Consideration

'

'

1,400,000

1,800,000

'

'

'

'

'

0

0

0

0

8,889,000

8,084,000

8,889,000

8,084,000

Forward contracts

'

'

'

'

'

'

'

'

'

0

0

198,000

8,214,000

0

0

198,000

8,214,000

Interest rate swap

'

'

'

'

'

'

'

'

'

0

0

2,878,000

4,476,000

0

0

2,878,000

4,476,000

Total

'

'

'

'

'

'

'

'

'

0

0

3,076,000

12,690,000

8,889,000

8,084,000

11,965,000

20,774,000

Payment of contingent consideration

'

'

1,400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Contingent consideration revaluation adjustment

1,112,000

0

'

'

1,100,000

'

'

'

'

'

'

'

'

'

'

'

'

Future revenue growth for 2014 and 2015 (as a percent)

'

'

'

'

'

'

'

4.00%

17.00%

'

'

'

'

'

'

'

'

Projected operating expenses as a percentage of revenues

'

'

'

'

'

'

28.00%

'

'

'

'

'

'

'

'

'

'

Discount rate (as a percent)

'

'

'

'

'

'

19.00%

'

'

'

'

'

'

'

'

'

'

Annual variable price for each 2014 and 2015 year

'

'

'

'

'

€ 3,500,000

'

'

'

'

'

'

'

'

'

'

'

FAIR_VALUE_MEASUREMENTS_Detail1

FAIR VALUE MEASUREMENTS (Details 2) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Oct. 04, 2014	Sep. 28, 2013	Dec. 28, 2013
Fair value hierarchy for assets and liabilities measured at fair value on a nonrecurring basis	'	'	'
Impairment charges	$6,083	$0	'
Property, plant and equipment-net	354,924	'	355,666
Specific Company-owned stores	'	'	'
Fair value hierarchy for assets and liabilities measured at fair value on a nonrecurring basis	'	'	'
Impairment charges	6,100	'	'
Property, plant and equipment-net	$6,100	'	'

INTANGIBLE_AND_OTHER_ASSETS_De

INTANGIBLE AND OTHER ASSETS (Details) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Oct. 04, 2014	Dec. 28, 2013
Intangible and other assets	'	'
Total intangibles - subject to amortization	$51,034	$51,991
Total intangibles-not subject to amortization, Carrying Amount	83,626	83,659
Total other assets, Gross Amount	101,578	96,372
Total intangible and other assets, Carrying Amount	236,238	232,022
Total intangibles-subject to amortization, Accumulated Amortization	22,551	18,885
Total other assets, Accumulated Amortization	28,227	24,805
Total intangible and other assets, Accumulated Amortization	50,778	43,690
Total intangible and other assets-net	185,460	188,332
Key money deposits	'	'
Intangible and other assets	'	'
Total other assets, Gross Amount	33,320	35,535
Total other assets, Accumulated Amortization	18,188	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	26,067	22,574
Deferred compensation plan assets	'	'
Intangible and other assets	'	'
Total other assets, Gross Amount	2,492	2,360
Deferred tax asset-net	'	'
Intangible and other assets	'	'
Total other assets, Gross Amount	9,450	10,044
Restricted cash	'	'
Intangible and other assets	'	'
Total other assets, Gross Amount	696	752
Shop-in-shop	'	'
Intangible and other assets	'	'
Total other assets, Gross Amount	19,935	16,334
Total other assets, Accumulated Amortization	10,039	7,767
Interest rate swap	'	'
Intangible and other assets	'	'
Total other assets, Gross Amount	2,965	4,307
Other assets	'	'
Intangible and other assets	'	'
Total other assets, Gross Amount	6,653	4,466
Trademarks	'	'
Intangible and other assets	'	'
Total intangibles - subject to amortization	4,175	4,175
Total intangibles-subject to amortization, Accumulated Amortization	2,887	2,695
Useful Lives	'10 years	'
Customer lists	'	'
Intangible and other assets	'	'
Total intangibles - subject to amortization	42,369	43,367
Total intangibles-subject to amortization, Accumulated Amortization	16,816	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	1,767	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	1,874	1,913
Total intangibles-subject to amortization, Accumulated Amortization	781	558
Useful Lives	'6 years	'
Other	'	'
Intangible and other assets	'	'
Total intangibles - subject to amortization	343	263
Total intangibles-subject to amortization, Accumulated Amortization	$300	$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		9 Months Ended
	Oct. 04, 2014	Sep. 28, 2013	Oct. 04, 2014	Sep. 28, 2013
INTANGIBLE AND OTHER ASSETS	'	'	'	'
Amortization expense for intangible assets	$1,300,000	$1,300,000	$3,900,000	$3,900,000
Estimated aggregate future amortization expense by fiscal year	'	'	'	'
2014 (remaining)	1,268,000	'	1,268,000	'
2015	4,687,000	'	4,687,000	'
2016	4,548,000	'	4,548,000	'
2017	4,290,000	'	4,290,000	'
2018	3,929,000	'	3,929,000	'
2019	$3,832,000	'	$3,832,000	'

DEBT_ACTIVITY_Details

DEBT ACTIVITY (Details) (USD $)	3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended
In Millions, unless otherwise specified	Oct. 04, 2014	Oct. 04, 2014	Oct. 04, 2014	Oct. 04, 2014	23-May-14
	Revolver	Revolver	Term loan	Term loan	Amendment
Debt Instrument	'	'	'	'	'
Increase in the Company's line of credit borrowing capacity	'	'	'	'	$300
Maximum borrowing capacity	'	'	'	'	1,050
Repayment of borrowings	'	'	3.1	12.5	'
Face amount of debt instrument	'	'	250	250	'
Net borrowings	80.2	128.2	'	'	'
Amount outstanding	378.2	378.2	234.4	234.4	'
Remaining borrowing capacity	670.9	670.9	'	'	'
Interest expense incurred	$1.50	$4.10	$1.50	$4.70	'

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (Subsequent event, Stock repurchase plans, USD $)	Nov. 10, 2014
In Millions, unless otherwise specified
Subsequent event | Stock repurchase plans	'
Subsequent events	'
Common stock authorized amount, value	$1,000