Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.19.2
Earnings Per Share
 6 Months Ended
Jun. 30, 2019
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.
A reconciliation of common shares used in the denominator for computing basic and diluted EPS is as follows:
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(in thousands, except per share amounts)
 
2019
 
2018
 
2019
 
2018
Weighted average shares of common stock outstanding, used in computing basic earnings per share
 
67,930

 
70,021

 
68,109

 
70,050

Effect of dilutive stock options and restricted stock units
 
630

 
727

 
716

 
774

Weighted average shares of common stock outstanding, used in computing diluted earnings per share
 
68,560

 
70,748

 
68,825

 
70,824

Earnings per share of common stock attributable to Columbia Sportswear Company:
 
 
 
 
 
 
 
 
Basic
 
$
0.34

 
$
0.14

 
$
1.43

 
$
0.78

Diluted
 
$
0.34

 
$
0.14

 
$
1.41

 
$
0.77


Stock options, service-based restricted stock units, and performance-based restricted stock representing 431,712 and 399,524 shares of common stock for the three months ended June 30, 2019 and 2018, respectively, and 356,167 and 311,837 shares of common stock for the six months
ended June 30, 2019 and 2018, respectively, were outstanding but were excluded from the computation of diluted EPS because their effect would be anti-dilutive under the treasury stock method, or because the shares were subject to performance conditions that had not been met.