Columbia Sportswear 2010 Annual Report Download - page 52

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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, 2008 ........ 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
Components of comprehensive income:
Net income ...................... — — 77,037 — $ 77,037 77,037
Cash dividends ($2.24 per share) ..... — — (75,439) — — (75,439)
Unrealized holding losses on
available-for-sales securities, net . . . — — — (28) (28) (28)
Foreign currency translation
adjustment .................... — — — 3,812 3,812 3,812
Unrealized holding loss on derivative
transactions, net ................ — — — (513) (513) (513)
Comprehensive income ................ — — — — $80,308 —
Issuance of common stock under employee
stock plans, net ..................... 240 6,480 — — 6,480
Tax adjustment from stock plans ......... — 505 — — 505
Stock-based compensation expense ....... — 6,730 — — 6,730
Repurchase of common stock ........... (293) (9,499) (4,339) — (13,838)
BALANCE, DECEMBER 31, 2010 ..... 33,683 $ 5,052 $950,207 $ 46,715 $1,001,974
See accompanying notes to consolidated financial statements.
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