Columbia Sportswear 2014 Annual Report Download - page 74

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COLUMBIA SPORTSWEAR COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
70
EMEA 678 2,959 1,527
Canada (2,847) (1,018) 178
$(56,662) $ (37,823) $ (34,048)
Depreciation and amortization expense:
United States $ 25,736 $ 17,413 $ 18,726
LAAP 4,750 4,203 4,281
EMEA 2,550 4,129 4,153
Canada 3,463 2,915 1,761
Unallocated corporate expense 17,518 12,211 11,971
$ 54,017 $ 40,871 $ 40,892
Accounts receivable, net:
United States $ 144,841 $ 121,081
LAAP 93,006 80,257
EMEA 43,527 51,912
Canada 63,016 53,628
$ 344,390 $ 306,878
Inventories:
United States $ 219,043 $ 178,167
LAAP 103,351 99,915
EMEA 37,803 28,307
Canada 24,453 22,839
$ 384,650 $ 329,228
Long-lived assets:
United States $ 214,565 $ 194,223
Canada 36,415 42,356
All other countries 40,583 42,794
$ 291,563 $ 279,373
Net sales by product category:
Apparel, accessories and equipment $ 1,676,192 $ 1,374,598 $ 1,347,005
Footwear 424,398 310,398 322,558
$ 2,100,590 $ 1,684,996 $ 1,669,563
NOTE 20—FINANCIAL INSTRUMENTS AND RISK MANAGEMENT
In the normal course of business, the Company’s financial position, results of operations and cash flows are routinely
subject to a variety of risks. These risks include risks associated with financial markets, primarily currency exchange rate
risk and, to a lesser extent, interest rate risk and equity market risk. The Company regularly assesses these risks and has
established policies and business practices designed to mitigate them. The Company does not engage in speculative trading
in any financial market.
The Company actively manages the risk of changes in functional currency equivalent cash flows resulting from
anticipated non-functional currency denominated purchases and sales. Subsidiaries that use European euros, Canadian
dollars, Japanese yen or Korean won as their functional currency are primarily exposed to changes in functional currency
equivalent cash flows from anticipated U.S. dollar inventory purchases. Subsidiaries that use U.S. dollars as their functional