Columbia Sportswear 2003 Annual Report Download - page 60

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SUPPLEMENTAL INFORMATION—QUARTERLY FINANCIAL DATA (Unaudited)
The following table summarizes the Company’s quarterly financial data for the past two years ended
December 31, 2003 (in thousands, except per share amounts):
2003
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Net sales ............................................. $168,871 $152,077 $373,409 $257,429
Grossprofit ........................................... 76,744 64,719 178,817 120,405
Netincome ........................................... 14,919 9,443 63,572 32,187
Earnings per share
Basic ............................................ $ 0.38 $ 0.24 $ 1.59 $ 0.80
Diluted ........................................... 0.37 0.23 1.56 0.79
2002
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Net sales ............................................. $143,299 $124,195 $331,504 $217,321
Grossprofit ........................................... 61,151 54,094 160,787 102,505
Netincome ........................................... 8,963 7,536 56,882 29,137
Earnings per share
Basic ............................................ $ 0.23 $ 0.19 $ 1.44 $ 0.74
Diluted ........................................... 0.22 0.19 1.42 0.72
Item 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
None.
Item 9(a). CONTROLS AND PROCEDURES
Our management has evaluated, under the supervision and with the participation of our chief executive
officer and chief financial officer, the effectiveness of our disclosure controls and procedures as of the end of the
period covered by this report pursuant to Rule 13a-15(b) under the Securities Exchange Act of 1934 (the
“Exchange Act”). Based on that evaluation, our chief executive officer and chief financial officer have concluded
that, as of the end of the period covered by this report, our disclosure controls and procedures are effective in
ensuring that information required to be disclosed in our Exchange Act reports is (1) recorded, processed,
summarized and reported in a timely manner, and (2) accumulated and communicated to our management,
including our chief executive officer and chief financial officer, as appropriate to allow timely decisions
regarding required disclosure.
There has been no change in our internal control over financial reporting that occurred during our fiscal
quarter ended December 31, 2003 that has materially affected, or is reasonably likely to materially affect, our
internal control over financial reporting.
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