COLUMBIA SPORTSWEAR COCOLM

COLUMBIA SPORTSWEAR CO Leases Disclosure

10-KFiled Feb 25, 20261 min read
The components of lease cost consisted of the following:

Year Ended December 31,
(in thousands)202520242023
Operating lease cost$108,432 $93,653 $83,866 
Variable lease cost68,242 67,459 65,376 
Short term lease cost10,179 10,972 10,117 
$186,853 $172,084 $159,359 
The following table presents supplemental cash flow information related to leases:

Year Ended December 31,
(in thousands)202520242023
Cash paid for amounts included in the measurement of operating lease liabilities $108,895 $98,620 $85,793 
Operating lease liabilities arising from obtaining lease ROU assets(1)
$110,028 $128,605 $83,393 
(1) Includes amounts added to the carrying amount of lease liabilities resulting from lease modifications and reassessments.
The following table presents supplemental balance sheet information related to leases:

As of December 31,
20252024
Weighted average remaining lease term6.31 years5.79 years
Weighted average discount rate 5.14 %4.89 %
The following table presents the future maturities of operating lease liabilities as of December 31, 2025:

(in thousands)
2026$109,510 
202797,462 
202884,637 
202966,055 
203052,937 
Thereafter152,395 
Total operating lease payments
562,996 
Less: imputed interest(85,307)
Total operating lease liabilities
477,689 
Less: current operating lease liabilities
(88,501)
Non-current operating lease liabilities
$389,188 
As of December 31, 2025, the Company has additional commitments for operating leases that have not yet commenced of $12.0 million. These leases will commence in 2026 with lease terms of approximately one to ten years.

Historical Timeline

Fiscal YearFiled
2025Feb 25, 2026Showing above
2024Feb 27, 2025
2023Feb 26, 2024
2022Feb 23, 2023
2021Feb 24, 2022

About Leases Disclosures

Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.

Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.

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