| Accumulated Other Comprehensive Income |
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
Accumulated other comprehensive income (loss), net of applicable taxes, reported on the Company’s Condensed Consolidated Balance Sheets 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 loss attributable to Columbia Sportswear Company, net of tax, for the three months ended September 30, 2016 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized losses on available-for-sale securities |
|
Unrealized holding gains (losses) on derivative transactions |
|
Foreign currency translation adjustments |
|
Total |
Balance at June 30, 2016 |
$ |
— |
|
|
$ |
(3,337 |
) |
|
$ |
(7,436 |
) |
|
$ |
(10,773 |
) |
Other comprehensive income (loss) before reclassifications |
(4 |
) |
|
(319 |
) |
|
3,497 |
|
|
3,174 |
|
Amounts reclassified from other comprehensive income |
— |
|
|
665 |
|
|
— |
|
|
665 |
|
Net other comprehensive income (loss) during the period |
(4 |
) |
|
346 |
|
|
3,497 |
|
|
3,839 |
|
Balance at September 30, 2016 |
$ |
(4 |
) |
|
$ |
(2,991 |
) |
|
$ |
(3,939 |
) |
|
$ |
(6,934 |
) |
The following table sets forth the changes in accumulated other comprehensive income (loss) attributable to Columbia Sportswear Company, net of tax, for the three months ended September 30, 2015 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized gains (losses) on available-for-sale securities |
|
Unrealized holding gains (losses) on derivative transactions |
|
Foreign currency translation adjustments |
|
Total |
Balance at June 30, 2015 |
$ |
2 |
|
|
$ |
10,715 |
|
|
$ |
(7,300 |
) |
|
$ |
3,417 |
|
Other comprehensive income (loss) before reclassifications |
(4 |
) |
|
789 |
|
|
(11,608 |
) |
|
(10,823 |
) |
Amounts reclassified from other comprehensive income |
— |
|
|
(7,456 |
) |
|
— |
|
|
(7,456 |
) |
Net other comprehensive loss during the period |
(4 |
) |
|
(6,667 |
) |
|
(11,608 |
) |
|
(18,279 |
) |
Balance at September 30, 2015 |
$ |
(2 |
) |
|
$ |
4,048 |
|
|
$ |
(18,908 |
) |
|
$ |
(14,862 |
) |
The following table sets forth the changes in accumulated other comprehensive loss attributable to Columbia Sportswear Company, net of tax, for the nine months ended September 30, 2016 (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized losses on available-for-sale securities |
|
Unrealized holding gains (losses) on derivative transactions |
|
Foreign currency translation adjustments |
|
Total |
Balance at December 31, 2015 |
$ |
(2 |
) |
|
$ |
6,087 |
|
|
$ |
(26,921 |
) |
|
$ |
(20,836 |
) |
Other comprehensive income (loss) before reclassifications |
(2 |
) |
|
(8,244 |
) |
|
22,982 |
|
|
14,736 |
|
Amounts reclassified from other comprehensive income |
— |
|
|
(834 |
) |
|
— |
|
|
(834 |
) |
Net other comprehensive loss during the period |
(2 |
) |
|
(9,078 |
) |
|
22,982 |
|
|
13,902 |
|
Balance at September 30, 2016 |
$ |
(4 |
) |
|
$ |
(2,991 |
) |
|
$ |
(3,939 |
) |
|
$ |
(6,934 |
) |
The following table sets forth the changes in accumulated other comprehensive income (loss) attributable to Columbia Sportswear Company, net of tax, for the nine months ended September 30, 2015 (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, 2014 |
$ |
4 |
|
|
$ |
8,995 |
|
|
$ |
6,834 |
|
|
$ |
15,833 |
|
Other comprehensive income (loss) before reclassifications |
(6 |
) |
|
5,629 |
|
|
(25,742 |
) |
|
(20,119 |
) |
Amounts reclassified from other comprehensive income |
— |
|
|
(10,576 |
) |
|
— |
|
|
(10,576 |
) |
Net other comprehensive loss during the period |
(6 |
) |
|
(4,947 |
) |
|
(25,742 |
) |
|
(30,695 |
) |
Balance at September 30, 2015 |
$ |
(2 |
) |
|
$ |
4,048 |
|
|
$ |
(18,908 |
) |
|
$ |
(14,862 |
) |
All reclassification adjustments related to derivative transactions are recorded in cost of sales in the Condensed Consolidated Statements of Operations. See Note 10 for further information regarding derivative instrument reclassification adjustments.
|