Columbia Sportswear 2003 Annual Report Download - page 42

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COLUMBIA SPORTSWEAR COMPANY
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(In thousands)
Common Stock
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Unearned
Portion of
Restricted
Stock Issued
For Future
Services
Comprehensive
Income Total
Shares
Outstanding Amount
BALANCE, JANUARY 1, 2001 . . . 38,564 $133,736 $123,901 $ (5,920) $(2,728) $248,989
Components of comprehensive
income:
Netincome ................... 88,824 $ 88,824 88,824
Foreign currency translation
adjustment.................. (1,646) (1,646) (1,646)
Unrealized holding gain on
derivative transactions, net ..... 803 803 803
Comprehensiveincome............ $ 87,981
Exercise of employee stock options . . 670 7,193 7,193
Tax benefit from stock plans ........ 7,514 7,514
Employee stock purchase program . . . 49 1,030 1,030
Amortization of unearned
compensation ................. 682 682
BALANCE, DECEMBER 31,
2001 ........................ 39,283 149,473 212,725 (6,763) (2,046) 353,389
Components of comprehensive
income:
Netincome ................... 102,518 $102,518 102,518
Foreign currency translation
adjustment.................. 7,822 7,822 7,822
Unrealized holding loss on
derivative transactions, net ..... (2,215) (2,215) (2,215)
Comprehensiveincome............ $108,125
Exercise of employee stock options . . 411 5,695 5,695
Tax benefit from stock plans ........ 2,749 2,749
Employee stock purchase program . . . 43 1,229 1,229
Tax benefit from underwriting
costs ........................ 850 850
Amortization of unearned
compensation ................. 682 682
BALANCE, DECEMBER 31,
2002 ........................ 39,737 159,996 315,243 (1,156) (1,364) 472,719
Components of comprehensive
income:
Netincome ................... 120,121 $120,121 120,121
Foreign currency translation
adjustment.................. 24,535 24,535 24,535
Unrealized holding loss on
derivative transactions, net ..... (102) (102) (102)
Comprehensiveincome............ $144,554
Exercise of employee stock options . . 711 14,595 14,595
Tax benefit from stock plans ........ 7,455 7,455
Employee stock purchase program . . . 40 1,477 1,477
Repurchase of unvested shares ...... (235) (1,335) 1,364 29
BALANCE, DECEMBER 31,
2003 ........................ 40,253 $182,188 $435,364 $23,277 $ — $640,829
See accompanying notes to consolidated financial statements.
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