Columbia Sportswear 2014 Annual Report Download - page 72

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COLUMBIA SPORTSWEAR COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
68
Year Ended December 31,
2014 2013 2012
Weighted average common shares outstanding, used in computing basic
earnings per share 69,807 68,756 67,680
Effect of dilutive stock options and restricted stock units 874 678 584
Weighted-average common shares outstanding, used in computing diluted
earnings per share 70,681 69,434 68,264
Earnings per share of common stock attributable to Columbia Sportswear
Company:
Basic $ 1.97 $ 1.37 $ 1.48
Diluted 1.94 1.36 1.46
Stock options and service-based restricted stock units representing 409,250, 721,590 and 1,774,372 shares of common
stock for the years ended December 31, 2014, 2013 and 2012, respectively, were outstanding but were excluded in the
computation of diluted EPS because their effect would be anti-dilutive as a result of applying the treasury stock method.
In addition, performance-based restricted stock units representing 120,363, 21,858 and 73,012 shares for the years ended
December 31, 2014, 2013 and 2012, respectively, were outstanding but were excluded from the computation of diluted EPS
because these shares were subject to performance conditions that had not been met.
NOTE 18—ACCUMULATED OTHER COMPREHENSIVE INCOME
Accumulated other comprehensive income, net of applicable taxes, reported on the Company’s Consolidated Balance
Sheets consists of unrealized gains and losses on available-for-sale securities, unrealized gains and losses on derivative
transactions and foreign currency translation adjustments. The following table sets forth the changes in accumulated other
comprehensive income attributable to Columbia Sportswear Company, net of related tax effects, for the years ended
December 31, 2014, 2013 and 2012 (in thousands):
Unrealized
gains (losses)
on available for
sale securities
Unrealized holding
gains (losses) on
derivative
transactions
Foreign
currency
translation
adjustments Total
Balance at January 1, 2012 $ (2) $ 7,250 $ 39,649 $ 46,897
Other comprehensive income (loss) before reclassifications (7) 753 4,518 5,264
Amounts reclassified from other comprehensive income — (5,498) — (5,498)
Net other comprehensive income (loss) during the period (7) (4,745) 4,518 (234)
Balance at December 31, 2012 (9) 2,505 44,167 46,663
Other comprehensive income (loss) before reclassifications 3 2,779 (10,045) (7,263)
Amounts reclassified from other comprehensive income — (4,040) — (4,040)
Net other comprehensive income (loss) during the period 3 (1,261) (10,045) (11,303)
Balance at December 31, 2013 (6) 1,244 34,122 35,360
Other comprehensive income (loss) before reclassifications 10 9,462 (27,288) (17,816)
Amounts reclassified from other comprehensive income — (1,711) — (1,711)
Net other comprehensive income (loss) during the period 10 7,751 (27,288) (19,527)
Balance at December 31, 2014 $ 4 $ 8,995 $ 6,834 $ 15,833
All reclassification adjustments related to derivative transactions are recorded in cost of sales on the Consolidated
Statements of Operations. See Note 20 for further information regarding derivative instrument reclassification adjustments.
NOTE 19—SEGMENT INFORMATION