Columbia Sportswear 2009 Annual Report Download - page 50

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COLUMBIA SPORTSWEAR COMPANY
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(In thousands)
Common Stock
Retained
Earnings
Accumulated
Other
Comprehensive
Income
Comprehensive
Income Total
Shares
Outstanding Amount
BALANCE, JANUARY 1, 2007 .......... 35,998 $ 24,370 $771,939 $ 34,394 $830,703
Components of comprehensive income:
Net income ....................... — — 144,452 — $144,452 144,452
Cash dividends ($0.58 per share) ...... — — (20,915) — — (20,915)
Foreign currency translation
adjustment ...................... — — — 25,394 25,394 25,394
Unrealized holding loss on derivative
transactions, net .................. — — — (2,147) (2,147) (2,147)
Comprehensive income .................. — — — — $167,699 —
Issuance of common stock under employee
stock plans, net ...................... 416 14,162 — — 14,162
Tax benefit from stock plans .............. — 3,031 — — 3,031
Stock-based compensation expense ........ — 7,260 — — 7,260
Repurchase of common stock ............. (590) (31,819) — — (31,819)
BALANCE, DECEMBER 31, 2007 ....... 35,824 17,004 895,476 57,641 970,121
Components of comprehensive income:
Net income ....................... — — 95,047 — $ 95,047 95,047
Cash dividends ($0.64 per share) ...... — — (22,098) — — (22,098)
Foreign currency translation
adjustment ...................... — — — (30,511) (30,511) (30,511)
Unrealized holding gain on derivative
transactions, net .................. — — — 6,036 6,036 6,036
Comprehensive income .................. — — — — $ 70,572 —
Issuance of common stock under employee
stock plans, net ...................... 131 3,488 — — 3,488
Tax adjustment from stock plans .......... — (430) — — (430)
Stock-based compensation expense ........ — 6,302 — — 6,302
Repurchase of common stock ............. (2,090) (24,883) (58,982) — (83,865)
BALANCE, DECEMBER 31, 2008 ....... 33,865 1,481 909,443 33,166 944,090
Components of comprehensive income:
Net income ....................... — — 67,021 — $ 67,021 67,021
Cash dividends ($0.66 per share) ...... — — (22,331) — — (22,331)
Unrealized holding gains on
available-for-sales securities, net .... — — — 64 64 64
Foreign currency translation
adjustment ...................... — — — 13,854 13,854 13,854
Unrealized holding loss on derivative
transactions, net .................. — — — (3,640) (3,640) (3,640)
Comprehensive income .................. — — — — $ 77,299 —
Issuance of common stock under employee
stock plans, net ...................... 75 86 — — 86
Tax adjustment from stock plans .......... — (870) — — (870)
Stock-based compensation expense ........ — 6,353 — — 6,353
Repurchase of common stock ............. (204) (6,214) (1,185) — (7,399)
BALANCE, DECEMBER 31, 2009 ....... 33,736 $ 836 $952,948 $ 43,444 $997,228
See accompanying notes to consolidated financial statements.
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