Fossil Group Inc
For the period ended Dec 30, 2023. Filed Mar 13, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 13, 2024
FOSL$8.06+3.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
2. Consolidated Financial Statement Schedule: See "Schedule II"
SCHEDULE II
FOSSIL GROUP, INC. AND SUBSIDIARIES
VALUATIONS AND QUALIFYING ACCOUNTS
Fiscal Years 2021, 2022 and 2023
(in thousands)
| Additions · Deductions | |||||
|---|---|---|---|---|---|
| Classification | Balance atBeginning ofPeriod | ChargedtoOperations | Charged to Other Accounts | ActualReturns orWriteoffs | Balance atEnd of Period |
| Fiscal Year 2021: | |||||
| Account receivable allowances: | |||||
| Bad debts | $20,774 | $3,070 | $— | $7,456 | $16,388 |
| Markdowns | $15,613 | $27,385 | $— | $29,230 | $13,768 |
| Sales returns | $49,826 | $75,936 | $— | $85,641 | $40,121 |
| Deferred tax asset valuation allowance | $109,250 | $20,535 | $(2,706) | $4,126 | $122,953 |
| Fiscal Year 2022: | |||||
| Account receivable allowances: | |||||
| Bad debts | $16,388 | $6,305 | $— | $8,046 | $14,647 |
| Markdowns | $13,768 | $23,736 | $— | $29,043 | $8,461 |
| Sales returns | $40,121 | $90,092 | $— | $94,393 | $35,820 |
| Deferred tax asset valuation allowance | $122,953 | $14,794 | $5,599 | $— | $143,346 |
| Fiscal Year 2023: | |||||
| Account receivable allowances: | |||||
| Bad debts | $14,647 | $3,535 | $— | $5,566 | $12,616 |
| Markdowns | $8,461 | $31,325 | $— | $32,243 | $7,543 |
| Sales returns | $35,820 | $95,812 | $— | $98,234 | $33,398 |
| Deferred tax asset valuation allowance | $143,346 | $50,493 | $1,769 | $3,005 | $192,603 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.