Quarterly report pursuant to Section 13 or 15(d)

Business Acquisition Business Acquisition (Tables)

v2.4.0.8
Business Acquisition Business Acquisition (Tables)
6 Months Ended
Jun. 30, 2014
Business Combinations [Abstract]  
Schedule of Preliminary Estimated Fair Value Of Net Assets Acquired and Liabilities Assumed
The following table summarizes the preliminary estimated fair value of the net assets acquired and liabilities assumed as of May 30, 2014, the acquisition date (in thousands):
 
 
May 30, 2014
Cash
 
$
4,946

Accounts receivable
 
10,021

Inventories
 
9,641

Other current assets
 
2,229

Property, plant and equipment
 
5,192

Acquired intangible assets

114,500

Other non-current assets
 
258

     Total assets acquired

146,787

 
 
 
Accounts payable
 
2,803

Other current liabilities
 
5,390

     Total liabilities assumed

8,193

 
 
 
Net identifiable assets acquired

138,594

Goodwill

54,819

Net assets acquired
 
$
193,413

Schedule of Identifiable Intangible Assets Acquired And Their Estimated Useful Lives as Part of Business Combination
The following table sets forth the components of identifiable intangible assets and their estimated useful lives as of May 30, 2014, the acquisition date (in thousands, except for estimated useful lives, in years):
 
 
Estimated fair value
 
Estimated useful life, in years
Trade name
 
$
88,000

 
Indefinite
Customer relationships
 
23,000

 
3-10 years
Order backlog
 
3,500

 
Less than 1 year
Total
 
$
114,500

 
 
Schedule of Pro Forma Information
The following table reflects the unaudited pro forma consolidated results of operations for the periods presented, as though the acquisition of prAna had occurred on January 1, 2013 (in thousands):
 
 
(Unaudited)
 
 
Three months ended June 30,
 
Six months ended June 30,
 
 
2014
 
2013
 
2014
 
2013
Net sales
 
$
337,328

 
$
296,518

 
$
791,763

 
$
671,424

Net income (loss) attributable to Columbia Sportswear Company
 
(3,675
)
 
(8,405
)
 
21,691

 
2,590

Earnings (loss) per share attributable to Columbia Sportswear Company:
 
 
 
 
 
 
 
 
Basic
 
$
(0.11
)
 
$
(0.24
)
 
$
0.62

 
$
0.08

Diluted
 
(0.11
)
 
(0.24
)
 
0.61

 
0.07