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

3 Months Ended

Mar. 31, 2023

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


NOTE 8 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

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

The following tables set forth the changes in Accumulated other comprehensive income (loss):


(in thousands)	Derivative transactions		Foreign currency translation adjustments		Total
Balance as of December 31, 2022	$	21,790	$	(52,427)	$	(30,637)
Other comprehensive income (loss) before reclassifications	(1,678)		1,480		(198)
Amounts reclassified from accumulated other comprehensive income (loss) (1)	(3,743)		—		(3,743)
Net other comprehensive income (loss) during the period	(5,421)		1,480		(3,941)
Balance as of March 31, 2023	$	16,369	$	(50,947)	$	(34,578)

(1) Amounts reclassified are recorded in Net sales, Cost of sales, or Other non-operating income, net on the unaudited Condensed Consolidated Statements of Operations. Refer to Note 10 for further information regarding reclassifications.


(in thousands)	Available-for- sale securities		Derivative transactions		Foreign currency translation adjustments		Total
Balance as of December 31, 2021	$	—	$	9,914	$	(14,290)	$	(4,376)
Other comprehensive loss before reclassifications	(451)		(1,864)		(2,256)		(4,571)
Amounts reclassified from accumulated other comprehensive income (loss) (1)	—		(227)		—		(227)
Net other comprehensive loss during the period	(451)		(2,091)		(2,256)		(4,798)
Balance as of March 31, 2022	$	(451)	$	7,823	$	(16,546)	$	(9,174)