Columbia Sportswear Company Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Financial Instruments and Risk Management Financial Instruments and Risk Management (Tables)

Financial Instruments and Risk Management Financial Instruments and Risk Management (Tables)

12 Months Ended

Dec. 31, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Gross Notional Amount of Outstanding Derivatives

The following table presents the gross notional amount of outstanding derivative instruments (in thousands):



	December 31,
	2013		2012
Derivative instruments designated as cash flow hedges:
Currency forward contracts	$	99,000	$	70,000
Derivative instruments not designated as hedges:
Currency forward contracts	109,000		121,934

Balance Sheet Classification and Fair Value of Derivative Instruments

The following table presents the balance sheet classification and fair value of derivative instruments (in thousands):



		December 31,
	Balance Sheet Classification	2013		2012
Derivative instruments designated as cash flow hedges:
Derivative instruments in asset positions:
Currency forward contracts	Prepaid expenses and other current assets	$	1,936	$	2,147
Currency forward contracts	Other non-current assets	24		489
Derivative instruments in liability positions:
Currency forward contracts	Accrued liabilities	872		579
Currency forward contracts	Other long-term liabilities	95		—
Derivative instruments not designated as hedges:
Derivative instruments in asset positions:
Currency forward contracts	Prepaid expenses and other current assets	2,956		4,072
Derivative instruments in liability positions:
Currency forward contracts	Accrued liabilities	280		743

Effect and Classification of Derivative Instruments

The following table presents the effect and classification of derivative instruments for the years ended December 31, 2013, 2012 and 2011 (in thousands):



		For the Year Ended December 31,
	Statement Of Operations Classification	2013			2012			2011
Currency Forward Contracts:
Derivative instruments designated as cash flow hedges:
Gain recognized in other comprehensive income, net of tax	—	$	2,779		$	753		$	3,489
Gain (loss) reclassified from accumulated other comprehensive income to income for the effective portion	Cost of sales	5,721			5,908			(6,862		)
Gain reclassified from accumulated other comprehensive income to income as a result of cash flow hedge discontinuance	Cost of sales	—			441			—
Loss recognized in income for amount excluded from effectiveness testing and for the ineffective portion	Cost of sales	(71		)	(40		)	(1,889		)
Derivative instruments not designated as hedges:
Gain recognized in income	Other non-operating expense	8,824			—			—
Gain (loss) recognized in income	Selling, general and administrative expense	—			(1,841		)	1,216