Columbia Sportswear Company Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2011

Schedule Of Stock-Based Compensation Expense


	Year Ended December 31,
	2011			2010			2009
Cost of sales	$	282		$	286		$	335
Selling, general, and administrative expense		7,588			6,444			6,018

Pre-tax stock-based compensation expense		7,870			6,730			6,353
Income tax benefits		(2,729	)		(2,162	)		(2,258	)

Total stock-based compensation expense, net of tax	$	5,141		$	4,568		$	4,095

Schedule Of Weighted Average Assumptions


2011(1)			2010			2009
Expected term		5.12 years			4.53 years			4.71 years
Expected stock price volatility		30.76%			28.79%			29.52%
Risk-free interest rate		1.84%			1.91%			1.73%
Expected dividend yield		1.31%			1.64%			2.17%
Weighted average grant date fair value	$	16.09		$	10.08		$	6.55

(1)

During the year ended December 31, 2011, the Company granted two stock option awards totaling 53,720 shares that vest 100% on the fifth anniversary of the grant date. Because the Company did not have sufficient historical exercise data to provide a reasonable basis upon which to estimate the expected term for these grants, the Company utilized the simplified method in developing an estimate of the expected term of these options.

Summary Of Stock Option Activity


	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value (in thousands)
Options outstanding at January 1, 2009		1,653,639		$	45.10		6.73	$	1,042
Granted		387,505			29.75
Cancelled		(252,303	)		44.90
Exercised		(28,668	)		24.76

Options outstanding at December 31, 2009		1,760,173			42.08		6.25		4,599
Granted		385,924			44.11
Cancelled		(77,481	)		46.04
Exercised		(196,402	)		37.34

Options outstanding at December 31, 2010		1,872,214			42.84		6.33		33,057
Granted		340,973			61.38
Cancelled		(40,396	)		43.68
Exercised		(253,695	)		43.32

Options outstanding at December 31, 2011		1,919,096		$	46.05		6.25	$	9,141

Options vested and expected to vest at December 31, 2011		1,857,797		$	45.81		6.17	$	8,994

Options exercisable at December 31, 2011		1,145,763		$	44.24		4.83	$	5,716

Schedule Of Weighted Average Assumptions For Restricted Stock Units


	2011		2010		2009
Vesting period		3.96 years		3.75 years		3.82 years
Expected dividend yield		1.33%		1.56%		2.19%
Estimated average fair value per restricted stock unit granted	$	58.37	$	43.95	$	27.14

Summary Of Restricted Stock Unit Activity


	Number of Shares			Weighted Average Grant Date Fair Value Per Share
Restricted stock units outstanding at January 1, 2009		260,509		$	46.32
Granted		136,327			27.14
Vested		(65,935	)		53.41
Forfeited		(44,381	)		41.22

Restricted stock units outstanding at December 31, 2009		286,520			36.35
Granted		128,525			43.95
Vested		(62,417	)		42.95
Forfeited		(23,833	)		42.44

Restricted stock units outstanding at December 31, 2010		328,795			37.63
Granted		145,768			58.37
Vested		(146,951	)		38.01
Forfeited		(30,860	)		41.79

Restricted stock units outstanding at December 31, 2011		296,752		$	47.19

- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

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