Quarterly report pursuant to Section 13 or 15(d)

Business Acquisition Business Acquisition (Tables)

v2.4.0.8
Business Acquisition Business Acquisition (Tables)
9 Months Ended
Sep. 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 and measurement period adjustments since May 30, 2014, the acquisition date (in thousands):
 
 
Initial valuation at May 30, 2014
 
Measurement period adjustments
 
Adjusted preliminary valuation at September 30, 2014
Cash
 
$
4,946

 
$

 
$
4,946

Accounts receivable
 
10,021

 

 
10,021

Inventories
 
9,641

 

 
9,641

Other current assets
 
2,229

 
302

 
2,531

Property, plant and equipment
 
5,192

 

 
5,192

Acquired intangible assets

114,500

 

 
114,500

Other non-current assets
 
258

 

 
258

     Total assets acquired

146,787

 
302

 
147,089

 
 
 
 
 
 
 
Accounts payable
 
2,803

 

 
2,803

Other current liabilities
 
5,390

 
(361
)
 
5,029

     Total liabilities assumed

8,193

 
(361
)
 
7,832

 
 
 
 
 
 
 
Net identifiable assets acquired

138,594

 
663

 
139,257

Goodwill

54,819

 
(663
)
 
54,156

Net assets acquired
 
$
193,413

 
$

 
$
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 September 30,
 
Nine Months Ended September 30,
 
 
2014
 
2013
 
2014
 
2013
Net sales
 
$
675,296

 
$
546,676

 
$
1,467,059

 
$
1,218,100

Net income attributable to Columbia Sportswear Company
 
67,492

 
56,175

 
89,146

 
58,765

Earnings per share attributable to Columbia Sportswear Company:
 
 
 
 
 
 
 
 
Basic
 
$
0.96

 
$
0.82

 
$
1.28

 
$
0.86

Diluted
 
0.95

 
0.81

 
1.26

 
0.85