Columbia Sportswear 2011 Annual Report Download - page 73

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COLUMBIA SPORTSWEAR COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
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, 2011, 2010 and 2009 and for identifiable assets
at December 31, 2011 and 2010. Inter-geographic net sales, which are recorded at a negotiated mark-up and
eliminated in consolidation, are not material.
2011 2010 2009
Net sales to unrelated entities:
United States ........................................... $ 947,970 $ 880,990 $ 736,942
LAAP ................................................ 340,977 263,429 203,230
EMEA ................................................ 275,416 222,451 197,357
Canada ................................................ 129,622 116,654 106,494
$1,693,985 $1,483,524 $1,244,023
Income before income taxes:
United States ........................................... $ 63,847 $ 53,752 $ 49,660
LAAP ................................................ 46,214 35,635 27,138
EMEA ................................................ 13,779 5,817 1,410
Canada ................................................ 12,566 8,123 9,554
Interest ................................................ 1,274 1,564 2,088
$ 137,680 $ 104,891 $ 89,850
Interest income (expense), net:
United States ........................................... $ 4,565 $ 4,664 $ 4,561
LAAP ................................................ (666) 500 561
EMEA ................................................ 648 (717) (910)
Canada ................................................ (3,273) (2,883) (2,124)
$ 1,274 $ 1,564 $ 2,088
Income tax (expense) benefit:
United States ........................................... $ (19,233) $ (9,938) $ (13,710)
LAAP ................................................ (12,163) (9,325) (6,745)
EMEA ................................................ (80) (7,668) (2,744)
Canada ................................................ (2,725) (923) 370
$ (34,201) $ (27,854) $ (22,829)
Depreciation and amortization expense:
United States ........................................... $ 33,100 $ 28,634 $ 26,850
LAAP ................................................ 3,241 2,557 2,120
EMEA ................................................ 6,292 6,410 6,642
Canada ................................................ 927 829 641
$ 43,560 $ 38,430 $ 36,253
Assets:
United States ........................................... $ 977,792 $ 941,154
LAAP ................................................ 242,124 141,911
EMEA ................................................ 281,118 276,136
Canada ................................................ 179,851 150,236
Total identifiable assets ................................... 1,680,885 1,509,437
Eliminations and reclassifications ........................... (298,343) (214,683)
$1,382,542 $1,294,754
Net sales by product category:
Apparel, accessories and equipment ......................... $1,334,883 $1,213,301 $1,029,458
Footwear .............................................. 359,102 270,223 214,565
$1,693,985 $1,483,524 $1,244,023
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