Columbia Sportswear 2002 Annual Report Download - page 38

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COLUMBIA SPORTSWEAR COMPANY
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(In thousands)
Common Stock
Shares
Outstanding Amount
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Unearned
Portion of
Restricted
Stock Issued
For Future
Services
Comprehensive
Income Total
BALANCE, JANUARY 1, 2000 .... 38,025 $126,265 $ 65,290 $(3,770) $(3,410) $184,375
Components of comprehensive
income:
Netincome.................... 58,611 $ 58,611 58,611
Foreign currency translation
adjustment ($0 taxes provided) . . (1,127) (1,127) (1,127)
Unrealized loss on derivative
transactions (net of tax benefit,
$592) ...................... (1,023) (1,023) (1,023)
Comprehensiveincome ............ $ 56,461
Exercise of employee stock options . . . 499 4,240 4,240
Tax benefit from stock plans ........ 2,586 2,586
Employee stock purchase program . . . 40 645 645
Amortization of unearned
compensation .................. 682 682
BALANCE, DECEMBER 31,
2000 ......................... 38,564 133,736 123,901 (5,920) (2,728) 248,989
Components of comprehensive
income:
Netincome .................... 88,824 $ 88,824 88,824
Foreign currency translation
adjustment ($0 taxes provided) . . (1,646) (1,646) (1,646)
Unrealized gain on derivative
transactions (net of tax expense,
$41) ....................... 803 803 803
Comprehensiveincome ............ $ 87,981
Exercise of employee stock options . . . 670 7,193 7,193
Tax benefit from stock plans ........ 7,514 7,514
Employee stock purchase program . . . 49 1,030 1,030
Amortization of unearned
compensation .................. 682 682
BALANCE, DECEMBER 31,
2001 ......................... 39,283 149,473 212,725 (6,763) (2,046) 353,389
Components of comprehensive
income:
Netincome .................... 102,518 $102,518 102,518
Foreign currency translation
adjustment ($0 taxes provided) . . 7,822 7,822 7,822
Unrealized loss on derivative
transactions (net of tax benefit,
$329) ...................... (2,215) (2,215) (2,215)
Comprehensiveincome ............ $108,125
Exercise of employee stock options . . . 411 5,695 5,695
Tax benefit from stock plans ........ 2,749 2,749
Employee stock purchase program . . . 43 1,229 1,229
Tax benefit from underwriting costs . . 850 850
Amortization of unearned
compensation .................. 682 682
BALANCE, DECEMBER 31,
2002 ......................... 39,737 $159,996 $315,243 $(1,156) $(1,364) $472,719
See accompanying notes to consolidated financial statements.
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