Columbia Sportswear 2010 Annual Report Download - page 73

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COLUMBIA SPORTSWEAR COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
NOTE 18—SEGMENT INFORMATION
The Company operates in four geographic segments: (1) United States, (2) Latin America and Asia Pacific
(“LAAP”), (3) Europe, Middle East and Africa (“EMEA”), and (4) Canada, which are reflective of the
Company’s internal organization, management, and oversight structure. Each geographic segment operates
predominantly in one industry: the design, development, marketing and distribution of active outdoor apparel,
including outerwear, sportswear, footwear and accessories and equipment.
The geographic distribution of the Company’s net sales, income before income taxes, interest income
(expense), income tax (expense) benefit, and depreciation and amortization expense are summarized in the
following tables (in thousands) for the years ended December 31, 2010, 2009 and 2008 and for identifiable assets
at December 31, 2010 and 2009. Inter-geographic net sales, which are recorded at a negotiated mark-up and
eliminated in consolidation, are not material.
2010 2009 2008
Net sales to unrelated entities:
United States ........................................... $ 880,990 $ 736,942 $ 727,706
LAAP ................................................ 263,429 203,230 198,236
EMEA ................................................ 222,451 197,357 267,152
Canada ................................................ 116,654 106,494 124,741
$1,483,524 $1,244,023 $1,317,835
Income before income taxes:
United States ........................................... $ 53,752 $ 49,660 $ 38,674
LAAP ................................................ 35,635 27,138 32,857
EMEA ................................................ 5,817 1,410 26,167
Canada ................................................ 8,123 9,554 21,008
Interest ................................................ 1,564 2,088 7,537
$ 104,891 $ 89,850 $ 126,243
Interest income (expense), net:
United States ........................................... $ 4,664 $ 4,561 $ 5,804
LAAP ................................................ 500 561 1,023
EMEA ................................................ (717) (910) 45
Canada ................................................ (2,883) (2,124) 665
$ 1,564 $ 2,088 $ 7,537
Income tax (expense) benefit:
United States ........................................... $ (9,938) $ (13,710) $ (13,363)
LAAP ................................................ (9,325) (6,745) (8,312)
EMEA ................................................ (7,668) (2,744) (2,692)
Canada ................................................ (923) 370 (6,829)
$ (27,854) $ (22,829) $ (31,196)
Depreciation and amortization expense:
United States ........................................... $ 28,634 $ 26,850 $ 21,866
LAAP ................................................ 2,557 2,120 1,865
EMEA ................................................ 6,410 6,642 6,978
Canada ................................................ 829 641 449
$ 38,430 $ 36,253 $ 31,158
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