Columbia Sportswear 2003 Annual Report Download - page 19

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PART II
Item 5. MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER
MATTERS
Our Common Stock is listed on the Nasdaq National Market and trades under the symbol “COLM.” At
February 20, 2004, there were approximately 213 holders of record and approximately 14,000 beneficial
shareholders.
Following are the quarterly high and low closing prices for our Common Stock for the years ended
December 31, 2003 and 2002:
HIGH LOW
2003
First Quarter ................................................. $46.18 $32.80
Second Quarter ............................................... $52.70 $36.00
Third Quarter ................................................. $55.25 $46.93
Fourth Quarter ................................................ $59.28 $51.55
2002
First Quarter ................................................. $36.30 $29.90
Second Quarter ............................................... $39.88 $32.00
Third Quarter ................................................. $39.50 $28.79
Fourth Quarter ................................................ $47.55 $31.21
Since the completion of our initial public offering in April 1998, we have not declared any dividends. We
anticipate that all of our earnings in the foreseeable future will be retained for the development and expansion of
our business and, therefore, we have no current plans to pay cash dividends. Future dividend policy will depend
on our earnings, capital requirements, financial condition, restrictions imposed by our credit agreements, and
other factors considered relevant by our Board of Directors. For various restrictions on our ability to pay
dividends, see Management’s Discussion and Analysis of Financial Condition and Results of Operations and
Note 6 of Notes to Consolidated Financial Statements.
Equity Compensation Plan Information
The following table provides information about compensation plans (including individual compensation
arrangements) under which our equity securities are authorized for issuance to employees or non-employees
(such as directors and consultants), as of December 31, 2003:
Plan Category
Number of
securities to be
issued upon
exercise of
outstanding options,
warrants and rights
Weighted-average
exercise price of
outstanding
options, warrants
and rights
Number of securities
remaining available for
future issuance under
equity compensation
plans (excluding
securities reflected in
column (a))
(a) (b) (c)
Equity compensation plans approved by security
holders:
1997 Stock Incentive Plan ................. 2,421,742 $28.67 542,947
1999 Employee Stock Purchase Plan ......... — — 545,507
Equity compensation plans not approved by security
holders................................... — — —
Total ...................................... 2,421,742 $28.67 1,088,454
14