Columbia Sportswear 2011 Annual Report Download - page 72

Download and view the complete annual report

Please find page 72 of the 2011 Columbia Sportswear annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 86

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86

COLUMBIA SPORTSWEAR COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Accumulated other comprehensive income, net of related tax effects, is as follows (in thousands):
December 31,
2011 2010
Unrealized holding gains (losses) on available-for-sale securities ...................... $ (2) $ 36
Unrealized holding gains (losses) on derivative transactions .......................... 7,250 (1,671)
Foreign currency translation adjustments ......................................... 39,649 48,350
Accumulated other comprehensive income ................................... $46,897 $46,715
NOTE 18—SEGMENT INFORMATION
The Company operates in four geographic segments: (1) the 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,
footwear, accessories and equipment.
67