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

Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

6 Months Ended

Jun. 30, 2021

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

NOTE 10—ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

Accumulated other comprehensive income (loss) on the Condensed Consolidated Balance Sheets is net of applicable taxes, and consists of unrealized holding gains and losses on available-for-sale securities, unrealized gains and losses on certain derivative transactions and foreign currency translation adjustments.

The following table sets forth the changes in Accumulated other comprehensive income (loss) for the three months ended June 30, 2021:


(in thousands)	Unrealized holding gains (losses) on derivative transactions		Foreign currency translation adjustments		Total
Balance at March 31, 2021	$	(806)	$	(3,029)	$	(3,835)
Other comprehensive income (loss) before reclassifications	(3,903)		5,230		1,327
Amounts reclassified from accumulated other comprehensive income (loss)(1)	352		—		352
Net other comprehensive income (loss) during the year	(3,551)		5,230		1,679
Balance at June 30, 2021	$	(4,357)	$	2,201	$	(2,156)

(1) Amounts reclassified are recorded in Net sales or Cost of sales on the Condensed Consolidated Statements of Operations. Refer to Note 12 for further information regarding reclassifications.

The following table sets forth the changes in Accumulated other comprehensive income (loss) for the three months ended June 30, 2020:


(in thousands)	Unrealized gains (losses) on available for sale securities		Unrealized holding gains (losses) on derivative transactions		Foreign currency translation adjustments		Total
Balance at March 31, 2020	$	(4)	$	21,007	$	(28,977)	$	(7,974)
Other comprehensive income (loss) before reclassifications	—		(3,347)		6,976		3,629
Amounts reclassified from accumulated other comprehensive income (loss)(1)	—		(1,515)		—		(1,515)
Net other comprehensive income (loss) during the year	—		(4,862)		6,976		2,114
Balance at June 30, 2020	$	(4)	$	16,145	$	(22,001)	$	(5,860)

(1) Amounts reclassified are recorded in Net sales, Cost of sales, or Other non-operating income (expense), net on the Condensed Consolidated Statements of Operations. Refer to Note 12 for further information regarding reclassifications.

The following table sets forth the changes in Accumulated other comprehensive income (loss) for the six months ended June 30, 2021:


(in thousands)	Unrealized holding gains (losses) on derivative transactions		Foreign currency translation adjustments		Total
Balance at December 31, 2020	$	(9,369)	$	10,175	$	806
Other comprehensive income (loss) before reclassifications	5,376		(7,974)		(2,598)
Amounts reclassified from accumulated other comprehensive income (loss)(1)	(364)		—		(364)
Net other comprehensive income (loss) during the year	5,012		(7,974)		(2,962)
Balance at June 30, 2021	$	(4,357)	$	2,201	$	(2,156)

The following table sets forth the changes in Accumulated other comprehensive income (loss) for the six months ended June 30, 2020:


(in thousands)	Unrealized gains (losses) on available for sale securities		Unrealized holding gains (losses) on derivative transactions		Foreign currency translation adjustments		Total
Balance at December 31, 2019	$	(4)	$	9,482	$	(13,903)	$	(4,425)
Other comprehensive income (loss) before reclassifications	—		11,015		(8,098)		2,917
Amounts reclassified from accumulated other comprehensive income (loss)(1)	—		(4,352)		—		(4,352)
Net other comprehensive income (loss) during the year	—		6,663		(8,098)		(1,435)
Balance at June 30, 2020	$	(4)	$	16,145	$	(22,001)	$	(5,860)