Columbia Sportswear Company Quarterly report [Sections 13 or 15(d)]

Financial Instruments and Risk Management (Tables)

3 Months Ended

Mar. 31, 2025

The following table presents the gross notional amount of outstanding derivative instruments:


	As of
(in thousands)	March 31, 2025		December 31, 2024		March 31, 2024
Derivative instruments designated as cash flow hedges:
Currency forward contracts	$	696,672	$	550,591	$	597,355
Derivative instruments not designated as hedges:
Currency forward contracts	$	308,063	$	263,103	$	231,449

The following table presents the balance sheet classification and fair value of derivative instruments:


		As of
(in thousands)	Balance Sheet Classification	March 31, 2025		December 31, 2024		March 31, 2024
Derivative instruments designated as cash flow hedges:
Derivative instruments in asset positions:
Currency forward contracts	Prepaid expenses and other current assets	$	14,479	$	20,890	$	12,864
Currency forward contracts	Other non-current assets	$	4,929	$	9,137	$	5,423
Derivative instruments in liability positions:
Currency forward contracts	Accrued liabilities	$	939	$	853	$	1,090
Currency forward contracts	Other long-term liabilities	$	1,748	$	13	$	155
Derivative instruments not designated as cash flow hedges:
Derivative instruments in asset positions:
Currency forward contracts	Prepaid expenses and other current assets	$	2,780	$	3,739	$	1,978

Derivative instruments in liability positions:
Currency forward contracts	Accrued liabilities	$	438	$	872	$	828

The following table presents the statement of operations effect and classification of derivative instruments:


	Statement Of Operations Classification	Three Months Ended March 31,
(in thousands)		2025		2024
Currency forward contracts:
Derivative instruments designated as cash flow hedges:
Gain (loss) recognized in other comprehensive income (loss), net of tax	—	$	(5,910)	$	11,727
Loss reclassified from accumulated other comprehensive loss to income for the effective portion	Net sales	$	(441)	$	(282)
Gain reclassified from accumulated other comprehensive loss to income for the effective portion	Cost of sales	$	3,131	$	2,971

Gain reclassified from accumulated other comprehensive loss to income as a result of cash flow hedge discontinuance	Other non-operating income, net	$	—	$	68


Derivative instruments not designated as cash flow hedges:

Gain (loss) recognized in income	Other non-operating income, net	$	(612)	$	2,925