Columbia Sportswear Company Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

3 Months Ended

Mar. 31, 2019

EARNINGS PER SHARE

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



	Three Months Ended March 31,
(in thousands, except per share amounts)	2019		2018
Weighted average shares of common stock outstanding, used in computing basic earnings per share	68,290		70,080
Effect of dilutive stock options and restricted stock units	762		763
Weighted average shares of common stock outstanding, used in computing diluted earnings per share	69,052		70,843
Earnings per share of common stock attributable to Columbia Sportswear Company:
Basic	$	1.09	$	0.64
Diluted	$	1.07	$	0.64

Stock options, service-based restricted stock units, and performance-based restricted stock representing 325,226 and 227,155 shares of common stock for the three months ended March 31, 2019 and 2018, respectively, were outstanding but were excluded from the computation of diluted EPS because their effect would be anti-dilutive under the treasury stock method, or because the shares were subject to performance conditions that had not been met.