Fossil Group, Inc. | 2013 | FY | 3

12. Other Income (Expense)—Net

        Other income (expense)—net consisted of the following (in thousands):

Fiscal Year
  2013   2012   2011  

Interest income

   $ 809   $ 889   $ 350  

Remeasurement of investment in Fossil Spain to fair value

     6,510     0     0  

Equity in the earnings of joint venture, net of tax

     0     972     1,027  

Currency gains (losses)

     951     5,565     (20,744 )

Royalty income

     605     676     475  

Other gains

     544     440     851  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Other income (expense)-net

   $ 9,419   $ 8,542   $ (18,041 )
               
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