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)

9 Months Ended

Sep. 30, 2019

Sep. 30, 2018

Leases [Abstract]

Lessee, Operating Lease, Disclosure [Table Text Block]

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



(in thousands)	Three Months Ended		Nine Months Ended
Rent expense included in SG&A expense	$	32,058	$	96,370
Rent expense included in Cost of sales	448		1,257
	$	32,506	$	97,627

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 nine months ended September 30, 2019 were as follows:



(in thousands)	Three Months Ended		Nine Months Ended
Operating lease cost	$	20,072	$	57,592
Variable lease cost	12,676		38,572
Short term lease cost	3,442		5,614
	$	36,190	$	101,778

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



(in thousands)
Cash paid for amounts included in the measurement of operating lease liabilities	$	56,843
Operating lease liabilities arising from obtaining ROU assets ⁽¹⁾	$	467,075

⁽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 September 30, 2019 is as follows:



Weighted average remaining lease term	6.99 years
Weighted average discount rate	3.89	%

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

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



(in thousands)
2019	$	20,119
2020	76,258
2021	68,625
2022	63,532
2023	58,579
Thereafter	212,496
Total lease payments	499,609
Less: imputed interest	(70,338		)
Total lease liabilities	429,271
Less: current obligations	(62,756		)
Long-term lease obligations	$	366,515