Columbia Sportswear Company Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

6 Months Ended

Jun. 30, 2019

Jun. 30, 2018

Leases [Abstract]

Lessee, Operating Lease, Disclosure [Table Text Block]

Information on rent expense for the three and six months ended June 30, 2018 was as follows:



(in thousands)	Three Months Ended		Six Months Ended
Rent expense included in SG&A expense	$	31,388	$	64,312
Rent expense included in Cost of sales	409		809
	$	31,797	$	65,121

Contractual Obligation, Fiscal Year Maturity [Table Text Block]

Future minimum payments determined under the previous accounting standards for all lease obligations, including rent escalation clauses and committed leases that had not yet commenced, at December 31, 2018, were as follows:



(in thousands)
2019	$	72,280
2020	65,379
2021	57,460
2022	52,607
2023	47,837
Thereafter	155,897
	$	451,460

Lease, Cost [Table Text Block]

The components of lease cost for the three and six months ended June 30, 2019 were as follows:



(in thousands)	Three Months Ended		Six Months Ended
Operating lease cost	$	18,941	$	37,520
Variable lease cost	12,783		25,896
Short term lease cost	1,216		2,172
	$	32,940	$	65,588

Supplemental cash flow information related to leases for the six months ended June 30, 2019 is as follows:



(dollars in thousands)
Cash paid for amounts included in the measurement of operating lease liabilities	$	37,259
Operating lease liabilities arising from obtaining ROU assets ⁽¹⁾	$	435,225

⁽¹⁾ Includes amount initially capitalized in conjunction with the adoption of ASC 842.

Amounts disclosed for lease liabilities arising from obtaining ROU assets include amounts added to the carrying amount of lease liabilities resulting from lease modifications and reassessments.

Supplemental balance sheet information related to leases as of June 30, 2019 is as follows:



Weighted average remaining lease term	6.78 years
Weighted average discount rate	4.06	%

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

As of June 30, 2019, future maturities of lease liabilities are as follows:



(in thousands)
2019	$	38,741
2020	72,229
2021	64,479
2022	59,477
2023	54,716
Thereafter	181,929
Total lease payments	471,571
Less: imputed interest	(65,704		)
Total lease liabilities	405,867
Less: current obligations	(60,804		)
Long-term lease obligations	$	345,063