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

Annual report pursuant to Section 13 and 15(d)

Earnings per Share

Earnings per Share

12 Months Ended

Dec. 31, 2018

s per share ("EPS") is presented on both a basic and diluted basis. Basic EPS is based on the weighted average number of common shares outstanding. Diluted EPS reflects the potential dilution that could occur if outstanding securities or other contracts to issue common stock were exercised or converted into common stock.

A reconciliation of the common shares used in the denominator for computing basic and diluted EPS is as follows :



	Year Ended December 31,
(in thousands, except per share amounts)	2018		2017		2016
Weighted average common shares outstanding, used in computing basic earnings per share	69,614		69,759		69,683
Effect of dilutive stock options and restricted stock units	787		694		949
Weighted-average common shares outstanding, used in computing diluted earnings per share	70,401		70,453		70,632
Earnings per share of common stock attributable to Columbia Sportswear Company:
Basic	$	3.85	$	1.51	$	2.75
Diluted	3.81		1.49		2.72

Stock options and service-based restricted stock units representing 340,741, 887,595 and 517,654 shares of common stock for the years ended December 31, 2018, 2017 and 2016, respectively, were outstanding but were excluded from 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 31,775, 40,848 and 63,430 shares of common stock for the years ended December 31, 2018, 2017 and 2016, 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.