Annual report pursuant to Section 13 and 15(d)

Earnings per Share

v3.3.1.900
Earnings per Share
 12 Months Ended
Dec. 31, 2015
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,
 
 
2015
 
2014
 
2013
Weighted average common shares outstanding, used in computing basic earnings per share
 
70,162

 
69,807

 
68,756

Effect of dilutive stock options and restricted stock units
 
902

 
874

 
678

Weighted-average common shares outstanding, used in computing diluted earnings per share
 
71,064

 
70,681

 
69,434

Earnings per share of common stock attributable to Columbia Sportswear Company:
 
 
 
 
 
 
Basic
 
$
2.48

 
$
1.97

 
$
1.37

Diluted
 
2.45

 
1.94

 
1.36


Stock options and service-based restricted stock units representing 154,170, 409,250 and 721,590 shares of common stock for the years ended December 31, 2015, 2014 and 2013, 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 122,858, 120,363 and 21,858 shares for the years ended December 31, 2015, 2014 and 2013, 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.