Annual report pursuant to Section 13 and 15(d)

Earnings per Share

v2.4.0.8
Earnings per Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
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. For the calculation of diluted EPS, the basic weighted average number of shares is increased by the dilutive effect of stock options and restricted stock units determined using the treasury stock method.
A reconciliation of the common shares used in the denominator for computing basic and diluted EPS is as follows (in thousands, except per share amounts):
 
 
Year Ended December 31,
 
 
2013
 
2012
 
2011
Weighted average common shares outstanding, used in computing basic earnings per share
 
34,378

 
33,840

 
33,808

Effect of dilutive stock options and restricted stock units
 
339

 
292

 
396

Weighted-average common shares outstanding, used in computing diluted earnings per share
 
34,717

 
34,132

 
34,204

Earnings per share of common stock attributable to Columbia Sportswear Company:
 
 
 
 
 
 
Basic
 
$
2.74

 
$
2.95

 
$
3.06

Diluted
 
2.72

 
2.93

 
3.03


Stock options and service-based restricted stock units representing 360,795, 887,186 and 452,907 shares of common stock for the years ended December 31, 2013, 2012 and 2011, respectively, were outstanding but were excluded in 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 10,929, 36,506 and 34,448 shares for the years ended December 31, 2013, 2012 and 2011, 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.