| Accumulated Other Comprehensive Income |
ACCUMULATED OTHER COMPREHENSIVE INCOME
Accumulated other comprehensive income, net of applicable taxes, reported on the Company’s Consolidated Balance Sheets consists of unrealized gains and losses on available-for-sale securities, unrealized gains and losses on derivative transactions and foreign currency translation adjustments. The following table sets forth the changes in accumulated other comprehensive income attributable to Columbia Sportswear Company, net of related tax effects, for the years ended December 31, 2015, 2014 and 2013 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized gains (losses) on available for sale securities |
|
Unrealized holding gains (losses) on derivative transactions |
|
Foreign currency translation adjustments |
|
Total |
Balance at January 1, 2013 |
|
$ |
(9 |
) |
|
$ |
2,505 |
|
|
$ |
44,167 |
|
|
$ |
46,663 |
|
Other comprehensive income (loss) before reclassifications |
|
3 |
|
|
2,779 |
|
|
(10,045 |
) |
|
(7,263 |
) |
Amounts reclassified from other comprehensive income |
|
— |
|
|
(4,040 |
) |
|
— |
|
|
(4,040 |
) |
Net other comprehensive income (loss) during the period |
|
3 |
|
|
(1,261 |
) |
|
(10,045 |
) |
|
(11,303 |
) |
Balance at December 31, 2013 |
|
(6 |
) |
|
1,244 |
|
|
34,122 |
|
|
35,360 |
|
Other comprehensive income (loss) before reclassifications |
|
10 |
|
|
9,462 |
|
|
(27,288 |
) |
|
(17,816 |
) |
Amounts reclassified from other comprehensive income |
|
— |
|
|
(1,711 |
) |
|
— |
|
|
(1,711 |
) |
Net other comprehensive income (loss) during the period |
|
10 |
|
|
7,751 |
|
|
(27,288 |
) |
|
(19,527 |
) |
Balance at December 31, 2014 |
|
4 |
|
|
8,995 |
|
|
6,834 |
|
|
15,833 |
|
Other comprehensive income (loss) before reclassifications |
|
(6 |
) |
|
9,791 |
|
|
(33,755 |
) |
|
(23,970 |
) |
Amounts reclassified from other comprehensive income |
|
— |
|
|
(12,699 |
) |
|
— |
|
|
(12,699 |
) |
Net other comprehensive income (loss) during the period |
|
(6 |
) |
|
(2,908 |
) |
|
(33,755 |
) |
|
(36,669 |
) |
Balance at December 31, 2015 |
|
$ |
(2 |
) |
|
$ |
6,087 |
|
|
$ |
(26,921 |
) |
|
$ |
(20,836 |
) |
All reclassification adjustments related to derivative transactions are recorded in cost of sales on the Consolidated Statements of Operations. See Note 20 for further information regarding derivative instrument reclassification adjustments.
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