Columbia Sportswear 2011 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, 2009 ........ 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
Components of comprehensive income:
Net income ..................... — — 103,479 — $103,479 103,479
Cash dividends ($0.86 per share) .... — — (29,075) — — (29,075)
Unrealized holding losses on
available-for-sales securities, net . . — — — (38) (38) (38)
Foreign currency translation
adjustment .................... — — — (8,701) (8,701) (8,701)
Unrealized holding gains on
derivative transactions, net ....... — — — 8,921 8,921 8,921
Comprehensive income ................ — — — — $103,661
Issuance of common stock under employee
stock plans, net .................... 353 8,017 — — 8,017
Tax adjustment from stock plans ........ — 2,098 — — 2,098
Stock-based compensation expense ...... — 7,870 — — 7,870
Repurchase of common stock ........... (398) (20,000) — — (20,000)
BALANCE, DECEMBER 31, 2011 ..... 33,638 $ 3,037 $1,024,611 $46,897 $1,074,545
See accompanying notes to consolidated financial statements
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