Definitive proxy statements

Pay vs Performance Disclosure

v3.25.1
Pay vs Performance Disclosure - USD ($)
 12 Months Ended 48 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2024
Pay vs Performance Disclosure            
Pay vs Performance Disclosure, Table
Value of Initial Fixed $100 Investment
Based on:
Year
Summary Compensation Table Total for PEO(1)
($)
Compensation Actually Paid to PEO(2)
($)
 Average Summary Compensation Table Total for Non-PEO Named Executive Officers
($)
Average Compensation Actually Paid to Non-PEO Named Executive Officers(3)
($)
Total Shareholder Return(4)
($)
Peer Group Total Shareholder Return(5)
($)
Net Income(6)
($)
(in millions)
Adjusted Operating Income(7)
($)
(in millions)
2024
(8)
 $ 2,853,738  $ 2,853,738  $ 1,889,444  $ 1,664,235  $ 88.77  $ 99.47  $ 223.3  $ 312.4 
2023
(8)
 1,623,464  968,673  1,699,055  1,182,396  82.90  107.14  251.4  365.7 
2022
(8)
 2,764,214  2,496,787  1,660,499  1,392,203  89.90  83.51  311.4  477.7 
2021
(8)
 4,751,179  4,693,851  1,788,194  2,013,948  98.56  119.66  354.1  504.7 
2020
(9)
 1,238,168  1,238,168  1,447,664  797,928  87.50  107.95  108.0  212.0 
         
Company Selected Measure Name (7)Adjusted Operating Income          
Named Executive Officers, Footnote Reflects compensation amounts reported in the “Summary Compensation Table” (“SCT”) for our PEO, Timothy P. Boyle for the respective years shown.       In 2020, the Non-PEO NEOs were Peter J. Bragdon, Thomas B. Cusick, Franco Fogliato and Jim A. Swanson. In 2021-2024, the Non-PEO NEOs were Joseph P. Boyle, Peter J. Bragdon, Jim A. Swanson, and Steven M. Potter.
Peer Group Issuers, Footnote The peer group reflected for each fiscal year is the Russell 1000 Clothing and Accessories Index, which is used in the performance graph included in the Company’s Annual Report on Form 10-K for fiscal year 2024.          
PEO Total Compensation Amount $ 2,853,738 $ 1,623,464 $ 2,764,214 $ 4,751,179 $ 1,238,168  
PEO Actually Paid Compensation Amount $ 2,853,738 968,673 2,496,787 4,693,851 1,238,168  
Adjustment To PEO Compensation, Footnote For 2024, there were no adjustments made in the PVP Table to arrive at CAP for our PEO.          
Non-PEO NEO Average Total Compensation Amount $ 1,889,444 1,699,055 1,660,499 1,788,194 1,447,664  
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,664,235 1,182,396 1,392,203 2,013,948 797,928  
Adjustment to Non-PEO NEO Compensation Footnote For 2024, the following table sets forth the adjustments made in the PVP Table to arrive at CAP for our Non-PEO NEOs:
Average Adjustments to Determine Compensation “Actually Paid” for Non-PEO NEOs 2024
Average Summary Compensation Table Total $ 1,889,444 
Subtract: Average Amounts Reported under “Stock Awards” Column in the SCT (573,968)
Subtract: Average Amounts Reported under “Option Awards” Column in the SCT (287,766)
Add: Average Fair Value of Awards Granted during Year that Remain Unvested as of Year-end 685,507 
Add: Average Fair Value of Awards Granted during the Year and Vested during the Year 17,177 
Add/Subtract: Average Change in Fair Value from Prior Year-end to current Year-end of Awards Granted Prior to Year that were Outstanding and Unvested as of Year-end
 (59,470)
Add/Subtract: Average Change in Fair Value from Prior Year-end to Vesting Date of Awards Granted Prior to Year that Vested during Year
 (6,689)
Average Compensation Actually Paid (as calculated) $ 1,664,235 
Non-PEO NEO Equity Valuations: All valuations of equity awards were estimated using assumptions and methodologies substantially consistent with those used at grant. These methodologies are consistent with the principles in FASB ASC 718 and are described further in our Annual Reports on Form 10-K. Stock option fair values are calculated based on the Black-Scholes option-pricing model as of each measurement date using updated stock price and other model inputs (i.e., expected term, volatility, dividend yield, risk-free rate) as of the measurement date. Time-based RSU fair values are calculated using the stock price as of each measurement date, reduced by the present value of dividends not received during the vesting period. PRSU fair values are calculated using the stock price as of each measurement date, reduced by the present value of dividends not received during the vesting period and reflect the probable outcome of the performance vesting conditions and Relative TSR PRSU fair value is calculated pursuant to a Monte Carlo simulation.
          
Compensation Actually Paid vs. Total Shareholder Return
CAP Versus the Company’s Cumulative TSR
The following chart shows the relationship between the CAP to our PEO, the average CAP to our Non-PEO NEOs and the Company’s cumulative TSR over the five most recently completed fiscal years.
4621
          
Compensation Actually Paid vs. Net Income
CAP Versus the Company’s Net Income
The following chart shows the relationship between the CAP to our PEO, the average CAP to our Non-PEO NEOs and the Company’s net income over the five most recently completed fiscal years.
5106
          
Compensation Actually Paid vs. Company Selected Measure
CAP Versus the Company’s Adjusted Operating Income
The following chart shows the relationship between the CAP to our PEO, the average CAP to our Non-PEO NEOs and the Company’s adjusted operating income over the five most recently completed fiscal years.
5362
          
Total Shareholder Return Vs Peer Group
Company’s TSR and Peer Group Cumulative TSR
The following chart compares our cumulative TSR over the five most recently completed fiscal years to that of our peer group TSR comprising the Russell 1000 Clothing and Accessories Index over the same period.
4879
          
Tabular List, Table
Top Financial Performance Measures Linking CAP to Company Performance in 2024
•Adjusted Operating Income
•Cumulative Operating Income
•Relative Total Shareholder Return
•Share Price
         
Total Shareholder Return Amount $ 88.77 82.90 89.90 98.56 87.50  
Peer Group Total Shareholder Return Amount 99.47 107.14 83.51 119.66 107.95  
Net Income (Loss) $ 223,300,000 $ 251,400,000 $ 311,400,000 $ 354,100,000 $ 108,000,000.0  
Company Selected Measure Amount 312,400,000 365,700,000 477,700,000 504,700,000 212,000,000.0  
PEO Name Timothy P. Boyle          
Additional 402(v) Disclosure Total Shareholder Return assumes an initial investment of $100 on December 31, 2019, including the reinvestment of dividends.The dollar amounts reported represent the amount of net income (in millions) reflected in the Company’s audited consolidated financial statements for the applicable year.          
Measure:: 1            
Pay vs Performance Disclosure            
Name •Adjusted Operating Income          
Non-GAAP Measure Description Adjusted Operating Income equals Operating Income for the fiscal year as set forth in the audited consolidated financial statements of the Company, adjusted for annual corporate bonus expense and certain excluded items approved by the Talent and Compensation Committee as more fully described for 2024 above on page 24 of the Compensation Discussion and Analysis. We determined this to be the most important financial performance measure used to link Company performance to CAP to our PEO and Non-PEO NEOs in 2024.          
Measure:: 2            
Pay vs Performance Disclosure            
Name •Cumulative Operating Income          
Measure:: 3            
Pay vs Performance Disclosure            
Name •Relative Total Shareholder Return          
Measure:: 4            
Pay vs Performance Disclosure            
Other Performance Measure, Amount 100          
Name •Share Price          
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount $ 685,507          
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount (59,470)          
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount 17,177          
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount (6,689)          
Non-PEO NEO | Aggregate Grant Date Fair Value Of Stock Award Amounts Reported In Summary Compensation Table [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount (573,968)          
Non-PEO NEO | Aggregate Grant Date Fair Value Of Option Award Amounts Reported In Summary Compensation Table [Member]            
Pay vs Performance Disclosure            
Adjustment to Compensation, Amount $ (287,766)