Columbia Sportswear 2004 Annual Report Download - page 58

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COLUMBIA SPORTSWEAR COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
NOTE 15—COMPREHENSIVE INCOME
Accumulated other comprehensive income (loss) reported on the Company’s consolidated balance sheets
consists of foreign currency translation adjustments and the unrealized gains and losses, net of applicable taxes,
on derivative transactions. Comprehensive income, net of related tax effects, for the years ended December 31,
2004, 2003 and 2002 is as follows (in thousands):
2004 2003 2002
Netincome ..................................................... $138,624 $120,121 $102,518
Unrealized derivative holding losses arising during period (net of tax
benefit of ($854), ($584) and ($288) in 2004, 2003 and 2002,
respectively) .............................................. (4,483) (2,464) (2,362)
Reclassification adjustment for losses included in net income (net of tax
(benefit)/expense of ($654), ($288) and $41 in 2004, 2003 and 2002,
respectively) .............................................. 3,913 2,362 147
Net unrealized gains (losses) on derivative transactions .................. (570) (102) (2,215)
Foreign currency translation adjustments ............................. 19,238 24,535 7,822
Totalcomprehensiveincome ....................................... $157,292 $144,554 $108,125
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