| Accumulated Other Comprehensive Income |
ated other comprehensive loss, 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 (loss) attributable to Columbia Sportswear Company, net of related tax effects, for the years ended December 31, 2018, 2017 and 2016:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(in thousands) |
|
Unrealized losses
on available for
sale securities
|
|
Unrealized holding
gains (losses) on
derivative transactions
|
|
Foreign currency
translation
adjustments
|
|
Total |
Balance at January 1, 2016 |
|
$ |
(2 |
) |
|
$ |
6,087 |
|
|
$ |
(26,921 |
) |
|
$ |
(20,836 |
) |
Other comprehensive income (loss) before reclassifications |
|
(2 |
) |
|
420 |
|
|
(2,465 |
) |
|
(2,047 |
) |
Amounts reclassified from accumulated other comprehensive income |
|
— |
|
|
266 |
|
|
— |
|
|
266 |
|
Net other comprehensive income (loss) during the year |
|
(2 |
) |
|
686 |
|
|
(2,465 |
) |
|
(1,781 |
) |
Balance at December 31, 2016 |
|
(4 |
) |
|
6,773 |
|
|
(29,386 |
) |
|
(22,617 |
) |
Other comprehensive income (loss) before reclassifications |
|
— |
|
|
(15,559 |
) |
|
31,219 |
|
|
15,660 |
|
Amounts reclassified from accumulated other comprehensive income |
|
— |
|
|
(1,930 |
) |
|
— |
|
|
(1,930 |
) |
Net other comprehensive income (loss) during the year |
|
— |
|
|
(17,489 |
) |
|
31,219 |
|
|
13,730 |
|
Balance at December 31, 2017 |
|
(4 |
) |
|
(10,716 |
) |
|
1,833 |
|
|
(8,887 |
) |
Other comprehensive income (loss) before reclassifications |
|
(56 |
) |
|
23,065 |
|
|
(17,800 |
) |
|
5,209 |
|
Amounts reclassified from accumulated other comprehensive income |
|
— |
|
|
130 |
|
|
— |
|
|
130 |
|
Net other comprehensive income (loss) during the year |
|
(56 |
) |
|
23,195 |
|
|
(17,800 |
) |
|
5,339 |
|
Adoption of ASU 2017-12 (Note 1) |
|
— |
|
|
(515 |
) |
|
— |
|
|
(515 |
) |
Balance at December 31, 2018 |
|
$ |
(60 |
) |
|
$ |
11,964 |
|
|
$ |
(15,967 |
) |
|
$ |
(4,063 |
) |
All reclassification adjustments related to derivative transactions are recorded in Cost of sales on the Consolidated Statements of Operations. Refer to Note 20 for further information regarding derivative instrument reclassification adjustments.
|