Columbia Sportswear 2011 Annual Report Download - page 62

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COLUMBIA SPORTSWEAR COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
A reconciliation of product warranties is as follows (in thousands):
Year Ended December 31,
2011 2010 2009
Balance at beginning of period ................................. $10,256 $12,112 $ 9,746
Provision for warranty claims ................................. 4,758 1,371 5,133
Warranty claims ............................................ (4,468) (3,104) (2,984)
Other ..................................................... (94) (123) 217
Balance at end of period ...................................... $10,452 $10,256 $12,112
NOTE 10—INCOME TAXES
Consolidated income from continuing operations before income taxes consisted of the following (in
thousands):
Year Ended December 31,
2011 2010 2009
U.S. operations ........................................... $ 68,412 $ 59,881 $59,629
Foreign operations ........................................ 69,268 45,010 30,221
Income before income tax .............................. $137,680 $104,891 $89,850
The components of the provision (benefit) for income taxes consisted of the following (in thousands):
Year Ended December 31,
2011 2010 2009
Current:
Federal ............................................... $16,384 $ 24,419 $10,030
State and local ......................................... 1,995 4,060 2,088
Non-U.S. ............................................. 19,508 23,253 10,399
37,887 51,732 22,517
Deferred:
Federal ............................................... 407 (18,405) 2,377
State and local ......................................... 229 (1,223) 12
Non-U.S. ............................................. (4,322) (4,250) (2,077)
(3,686) (23,878) 312
Income tax expense ......................................... $34,201 $ 27,854 $22,829
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