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

Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

Earnings per Share

3 Months Ended

Mar. 31, 2024


NOTE 7 — 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 the common shares used in the denominator for computing basic and diluted EPS is as follows:


	Three Months Ended March 31,
(in thousands, except per share amounts)		2024		2023
Weighted average common shares outstanding, used in computing basic earnings per share		59,823		62,133
Effect of dilutive stock options and restricted stock units		175		284
Weighted average common shares outstanding, used in computing diluted earnings per share		59,998		62,417

Earnings per share:
Basic		$	0.71	$	0.74
Diluted		$	0.71	$	0.74

Anti-dilutive common shares (1)		1,996		1,574

(1) Common stock related to stock options, service-based restricted stock units and certain market-based restricted stock units, and performance-based restricted stock units 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.