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

Quarterly report pursuant to Section 13 or 15(d)

Non-Controlling Interest Non-Controlling Interest

Non-Controlling Interest Non-Controlling Interest

9 Months Ended

Sep. 30, 2013

NON-CONTROLLING INTEREST

The Company owns a 60% controlling interest in a joint venture formed with Swire Resources, Ltd. ("Swire") to support the development of the Company's business in China. The joint venture is expected to begin operations on January 1, 2014. During the three months ended June 30, 2013, Swire made an initial capital contribution of $8,000,000 in cash and the Company made an initial capital contribution of $12,000,000 in cash. The accounts of the joint venture are included in the Condensed Consolidated Balance Sheets as of September 30, 2013. Swire's share of net income (loss) of the joint venture is included in net loss attributable to non-controlling interest in the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2013. The non-controlling equity interest in this entity is included in total equity as non-controlling interest on the Condensed Consolidated Balance Sheets as of September 30, 2013.

The following table presents the changes in equity for the nine months ended September 30, 2013 (in thousands):



	Columbia Sportswear Company			Non-Controlling Interest			Total
BALANCE, DECEMBER 31, 2012	$	1,166,167		$	—		$	1,166,167
Net income (loss)	57,611			(289		)	57,322
Other comprehensive income (loss):
Unrealized holding gains on available for sale securities	7			—			7
Derivative holding losses	(1,606		)	—			(1,606		)
Foreign currency translation adjustments	(7,159		)	99			(7,060		)
Cash dividends ($0.66 per share)	(22,665		)	—			(22,665		)
Issuance of common stock under employee stock plans, net	12,055			—			12,055
Capital contribution from non-controlling interest	—			8,000			8,000
Tax adjustment from stock plans	970			—			970
Stock-based compensation expense	6,532			—			6,532
BALANCE, SEPTEMBER 30, 2013	$	1,211,912		$	7,810		$	1,219,722

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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