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

Financial Instruments and Risk Management (Tables)

6 Months Ended

Jun. 30, 2026

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


	As of
(in thousands)	June 30, 2026		December 31, 2025
Derivative instruments designated as cash flow hedges:
Currency forward contracts	$	767,833	$	808,875
Derivative instruments not designated as hedges:
Currency forward contracts	$	357,548	$	261,805

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


		As of
(in thousands)	Balance Sheet Classification	June 30, 2026		December 31, 2025
Derivative instruments designated as cash flow hedges:
Derivative instruments in asset positions:
Currency forward contracts	Prepaid expenses and other current assets	$	10,634	$	5,895
Currency forward contracts	Other non-current assets	$	9,783	$	2,788
Derivative instruments in liability positions:
Currency forward contracts	Accrued liabilities	$	5,987	$	9,119
Currency forward contracts	Other long-term liabilities	$	3,115	$	5,732
Derivative instruments not designated as cash flow hedges:
Derivative instruments in asset positions:
Currency forward contracts	Prepaid expenses and other current assets	$	3,219	$	1,144

Derivative instruments in liability positions:
Currency forward contracts	Accrued liabilities	$	1,565	$	676

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


	Statement Of Operations Classification	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)		2026		2025		2026		2025
Currency forward contracts:
Derivative instruments designated as cash flow hedges:
Gain (loss) recognized in other comprehensive loss, net of tax	—	$	2,377	$	(24,065)	$	12,710	$	(29,975)
Gain (loss) reclassified from accumulated other comprehensive loss to net income for the effective portion	Net sales	$	6	$	(39)	$	38	$	(480)
Gain (loss) reclassified from accumulated other comprehensive loss to net income for the effective portion	Cost of sales	$	(298)	$	2,535	$	(35)	$	5,666

Loss reclassified from accumulated other comprehensive loss to net income as a result of cash flow hedge discontinuance	Other non-operating income (expense), net	$	—	$	(54)	$	—	$	(54)


Derivative instruments not designated as cash flow hedges:

Gain (loss) recognized in net income	Other non-operating income (expense), net	$	825	$	(1,349)	$	819	$	(1,961)