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

Quarterly report pursuant to Section 13 or 15(d)

Business Acquisition Business Acquisition (Tables)

Business Acquisition Business Acquisition (Tables)

9 Months Ended

Sep. 30, 2014

Schedule of Preliminary Estimated Fair Value Of Net Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary estimated fair value of the net assets acquired and liabilities assumed and measurement period adjustments since May 30, 2014, the acquisition date (in thousands):



	Initial valuation at May 30, 2014		Measurement period adjustments			Adjusted preliminary valuation at September 30, 2014
Cash	$	4,946	$	—		$	4,946
Accounts receivable	10,021		—			10,021
Inventories	9,641		—			9,641
Other current assets	2,229		302			2,531
Property, plant and equipment	5,192		—			5,192
Acquired intangible assets	114,500		—			114,500
Other non-current assets	258		—			258
Total assets acquired	146,787		302			147,089

Accounts payable	2,803		—			2,803
Other current liabilities	5,390		(361		)	5,029
Total liabilities assumed	8,193		(361		)	7,832

Net identifiable assets acquired	138,594		663			139,257
Goodwill	54,819		(663		)	54,156
Net assets acquired	$	193,413	$	—		$	193,413

Schedule of Identifiable Intangible Assets Acquired And Their Estimated Useful Lives as Part of Business Combination

The following table sets forth the components of identifiable intangible assets and their estimated useful lives as of May 30, 2014, the acquisition date (in thousands, except for estimated useful lives, in years):



	Estimated fair value		Estimated useful life, in years
Trade name	$	88,000	Indefinite
Customer relationships	23,000		3-10 years
Order backlog	3,500		Less than 1 year
Total	$	114,500

Schedule of Pro Forma Information

The following table reflects the unaudited pro forma consolidated results of operations for the periods presented, as though the acquisition of prAna had occurred on January 1, 2013 (in thousands):



	(Unaudited)
	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014		2013
Net sales	$	675,296	$	546,676	$	1,467,059	$	1,218,100
Net income attributable to Columbia Sportswear Company	67,492		56,175		89,146		58,765
Earnings per share attributable to Columbia Sportswear Company:
Basic	$	0.96	$	0.82	$	1.28	$	0.86
Diluted	0.95		0.81		1.26		0.85