Columbia Sportswear 2004 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, 2002 ..... 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 gain 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
Employeestockpurchaseprogram..... 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
Employeestockpurchaseprogram..... 40 1,477 1,477
Repurchaseofcommonstock......... (235) (1,335) (1,364) 29
BALANCE, DECEMBER 31, 2003 . . 40,253 182,188 435,364 23,277 — 640,829
Components of comprehensive income:
Netincome ..................... 138,624 $138,624 138,624
Foreign currency translation
adjustment ................... 19,238 19,238 19,238
Unrealized holding loss on derivative
transactions, net ............... (570) (570) (570)
Comprehensiveincome ............. $157,292
Exercise of employee stock options .... 625 16,224 16,224
Tax benefit from stock plans ......... 6,828 6,828
Employeestockpurchaseprogram..... 46 2,138 2,138
Repurchaseofcommonstock......... (798) (43,061) (43,061)
BALANCE, DECEMBER 31, 2004 . . 40,126 $164,317 $573,988 $41,945 $ — $780,250
See accompanying notes to consolidated financial statements.
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