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COLUMBIA SPORTSWEAR COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
57
December 31,
2013 2012
Accrued salaries, bonus, vacation and other benefits . . . . . . . . . . . . . . . . . . . . $ 68,046 $ 55,728
Accrued import duties. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,594 15,023
Product warranties. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,768 10,209
Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,989 24,230
$ 120,397 $ 105,190
A reconciliation of product warranties is as follows (in thousands):
Year Ended December 31,
2013 2012 2011
Balance at beginning of period. . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,209 $ 10,452 $ 10,256
Provision for warranty claims . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,644 4,905 4,758
Warranty claims . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5,054) (5,272) (4,468)
Other. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (31) 124 (94)
Balance at end of period. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,768 $ 10,209 $ 10,452
NOTE 11—INCOME TAXES
Consolidated income from continuing operations before income taxes consisted of the following (in thousands):
Year Ended December 31,
2013 2012 2011
U.S. operations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 88,561 $ 73,625 $ 68,412
Foreign operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42,865 60,282 69,268
Income before income tax. . . . . . . . . . . . . . . . . . . . . . . . $ 131,426 $ 133,907 $ 137,680
The components of the provision (benefit) for income taxes consisted of the following (in thousands):
Year Ended December 31,
2013 2012 2011
Current:
Federal. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 14,953 $ 14,365 $ 16,384
State and local . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,999 876 1,995
Non-U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,178 12,448 19,508
31,130 27,689 37,887
Deferred:
Federal. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,363 5,806 407
State and local . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (120) 690 229
Non-U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,550) (137) (4,322)
6,693 6,359 (3,686)
Income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 37,823 $ 34,048 $ 34,201
The following is a reconciliation of the statutory federal income tax rate to the effective rate reported in the financial
statements: