Columbia Sportswear 2004 Annual Report Download - page 59

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COLUMBIA SPORTSWEAR COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
NOTE 16—SEGMENT INFORMATION
The Company operates predominantly in one industry segment: the design, production, marketing and
selling of active outdoor apparel, including outerwear, sportswear, footwear, related accessories and equipment.
The geographic distribution of the Company’s net sales, income before income tax, identifiable assets,
interest (income) expense, and depreciation and amortization expense are summarized in the following table (in
thousands) for the years ended December 31, 2004, 2003 and 2002. Inter-geographic net sales, which are
recorded at a negotiated mark-up and eliminated in consolidation, are not material.
2004 2003 2002
Net sales to unrelated entities:
United States ..................................................... $ 666,661 $ 596,807 $ 557,519
Canada .......................................................... 116,940 106,708 86,661
Europe .......................................................... 170,268 135,225 95,933
Other International ................................................. 141,438 113,046 76,206
$1,095,307 $ 951,786 $ 816,319
Income before income tax:
United States ..................................................... $ 134,284 $ 142,196 $ 151,147
Canada .......................................................... 18,333 20,480 15,360
Europe .......................................................... 28,848 3,892 2,512
Other International ................................................. 26,734 20,198 11,653
Interest and other income (expense) and eliminations ...................... 6,722 3,903 (16,643)
$ 214,921 $ 190,669 $ 164,029
Assets:
United States ..................................................... $ 835,108 $ 729,533 $ 563,447
Canada .......................................................... 89,960 69,184 55,046
Europe .......................................................... 215,534 163,514 120,722
Other international ................................................. 82,063 46,985 35,830
Total identifiable assets ............................................. 1,222,665 1,009,216 775,045
Eliminations and reclassifications ..................................... (273,221) (225,450) (182,228)
Total assets ................................................... $ 949,444 $ 783,766 $ 592,817
Interest (income) expense, net:
United States ..................................................... $ (3,475) $ (1,543) $ (1,362)
Canada .......................................................... (286) 112 996
Europe .......................................................... 232 862 (84)
Other International ................................................. 36 89 96
$ (3,493) $ (480) $ (354)
Depreciation and amortization expense:
United States ..................................................... $ 11,343 $ 16,248 $ 16,247
Canada .......................................................... 468 428 307
Europe .......................................................... 6,125 5,795 1,778
Other International ................................................. 692 594 353
$ 18,628 $ 23,065 $ 18,685
Net sales to unrelated entities:
Outerwear ........................................................ $ 460,342 $ 443,669 $ 422,503
Sportswear ....................................................... 396,448 311,301 245,164
Footwear ........................................................ 184,576 148,614 110,038
Accessories ...................................................... 46,083 43,477 38,614
Equipment (1) .................................................... 7,858 4,725 —
$1,095,307 $ 951,786 $ 816,319
(1) The equipment product category was introduced with the acquisition of Mountain Hardwear and consists
primarily of tents and sleeping bags.
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