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Non-Controlling Interest | 9 Months Ended
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Sep. 30, 2018
Noncontrolling Interest [Abstract] |
Non-controlling Interest | NON-CONTROLLING INTEREST The Company owns a 60% controlling interest in a joint venture formed with Swire Resources Limited ("Swire") to support the development and operation of the Company's business in China. The accounts of the joint venture are included in the Condensed Consolidated Financial Statements. Swire's share of net income from the joint venture is included in Net income attributable to non-controlling interest in the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2018 and 2017. The 40% non-controlling equity interest in this entity is included in total equity as Non-controlling interest in the Condensed Consolidated Balance Sheets as of September 30, 2018 and 2017, and December 31, 2017. In September 2018, the Company and Swire entered into an Equity Interest Transfer Agreement ("EITA"), in which the Company will buy out the 40% non-controlling interest in the joint venture. The buyout is subject to various terms and conditions, including regulatory approval in China and is expected to be completed in early 2019. As part of the buyout arrangement, the Company has placed approximately $13,970,000 in an escrow account as a portion of the funds needed to complete the buyout in 2019. These funds are included as Restricted cash in the Condensed Consolidated Balance Sheets at September 30, 2018. In addition, the China joint venture declared a dividend on June 14, 2018 of which Swire's share was approximately RMB 136,539,000 (approximately US$21,332,000 at the date of declaration). The renminbi denominated dividend was paid in full in September 2018 and equated to approximately $19,949,000 on the date of payment. The following table presents the changes in Columbia Sportswear Company shareholders' equity and non-controlling interest for the nine months ended September 30, 2018 (in thousands, except per share amounts):
|  | Columbia Sportswear Company |  | Non-Controlling Interest |  | Total
Balance at December 31, 2017 |  | $ | 1,621,951 |  |  | $ | 30,308 |  |  | $ | 1,652,259 |
Net income |  | 154,996 |  |  | 6,603 |  |  | 161,599 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |
Unrealized holding losses on available-for-sale securities |  | (158 | ) |  | — |  |  | (158 | )
Derivative holding gains |  | 17,472 |  |  | 1,070 |  |  | 18,542 |
Foreign currency translation adjustments |  | (12,147 | ) |  | (418 | ) |  | (12,565 | )
Cash dividends ($0.66 per share) |  | (46,160 | ) |  | — |  |  | (46,160 | )
Dividends to non-controlling interest |  | — |  |  | (21,332 | ) |  | (21,332 | )
Issuance of common stock under employee stock plans, net of tax |  | 12,286 |  |  | — |  |  | 12,286 |
Adoption of new accounting pronouncements (Note 2) |  | 14,100 |  |  | — |  |  | 14,100 |
Stock-based compensation expense |  | 10,247 |  |  | — |  |  | 10,247 |
Repurchase of common stock |  | (107,222 | ) |  | — |  |  | (107,222 | )
Balance at September 30, 2018 |  | $ | 1,665,365 |  |  | $ | 16,231 |  |  | $ | 1,681,596 |
The following table presents the changes in Columbia Sportswear Company shareholders' equity and non-controlling interest for the nine months ended September 30, 2017 (in thousands, except per share amounts):
|  | Columbia Sportswear Company |  | Non-Controlling Interest |  | Total
Balance at December 31, 2016 |  | $ | 1,560,820 |  |  | $ | 20,691 |  |  | $ | 1,581,511 |
Net income |  | 112,195 |  |  | 6,476 |  |  | 118,671 |
Other comprehensive income (loss), net of tax: |  |  |  |  |  |
Derivative holding losses |  | (15,993 | ) |  | (375 | ) |  | (16,368 | )
Foreign currency translation adjustments |  | 24,681 |  |  | 2,336 |  |  | 27,017 |
Cash dividends ($0.54 per share) |  | (37,617 | ) |  | — |  |  | (37,617 | )
Issuance of common stock under employee stock plans, net |  | 12,471 |  |  | — |  |  | 12,471 |
Stock-based compensation expense |  | 8,277 |  |  | — |  |  | 8,277 |
Repurchase of common stock |  | (35,542 | ) |  | — |  |  | (35,542 | )
Balance at September 30, 2017 |  | $ | 1,629,292 |  |  | $ | 29,128 |  |  | $ | 1,658,420 |

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -URI http://asc.fasb.org/topic&trid=2197479 + Details
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- References No definition available. + Details
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