COLUMBIA SPORTSWEAR COCOLM
COLUMBIA SPORTSWEAR CO Segments Disclosure
| NOTE 4 — SEGMENT INFORMATION | ||
The Company defines its operating segments on the basis of the way in which internally reported financial information is regularly reviewed by the chief operating decision maker ("CODM") to analyze performance, make decisions, and allocate resources. The Company aggregates its operating segments with similar economic and operating characteristics into four reportable segments: U.S., LAAP, EMEA, and Canada. These reportable segments are organized by geographic location. Each geographic segment operates predominantly in one industry: the design, development, marketing, and distribution of outdoor, active and lifestyle products, including apparel, footwear, accessories, and equipment.
The Company’s CODM is the Company’s chief executive officer. The Company’s CODM assesses the segments’ performance by using each segment's operating income.
The CODM uses each segment's operating income to allocate resources predominantly in the annual budget and forecasting process. The CODM considers plan-to-actual variances on a quarterly basis for the segment operating income profit measure when making decisions about the allocation of operating and capital resources to each segment. The CODM also uses this profit measure to assess the performance of each segment by comparing the results of each segment with one another, and in the overall strategic planning for each segment.
Intersegment net sales and intersegment profits, which are recorded at a negotiated mark-up and eliminated in consolidation, are not material. Unallocated corporate expenses consist of expenses incurred by centrally-managed departmental functions, including information technology, certain supply chain functions, finance, human resources, and legal, as well as executive compensation, unallocated benefit program expense, intangible asset and goodwill impairment charges, and other miscellaneous costs.
The following tables present segment financial information for the Company's reportable segments:
Year Ended December 31, 2025 | ||||||||||||||||||||||||||||||||
(in thousands) | U.S. | LAAP | EMEA | Canada | Total | |||||||||||||||||||||||||||
Net sales | $ | 1,979,033 | $ | 611,149 | $ | 576,920 | $ | 230,249 | $ | 3,397,351 | ||||||||||||||||||||||
Cost of sales | 997,128 | 274,846 | 292,527 | 116,128 | 1,680,629 | |||||||||||||||||||||||||||
Segment selling, general and administrative expenses | 612,012 | 222,430 | 146,475 | 53,897 | 1,034,814 | |||||||||||||||||||||||||||
Other segment items(a) | 72,750 | 25,945 | 16,551 | 15,796 | 131,042 | |||||||||||||||||||||||||||
Segment operating income | 297,143 | 87,928 | 121,367 | 44,428 | 550,866 | |||||||||||||||||||||||||||
| Reconciliation to income before income tax: | ||||||||||||||||||||||||||||||||
Unallocated corporate expenses | 343,827 | |||||||||||||||||||||||||||||||
| Operating income | 207,039 | |||||||||||||||||||||||||||||||
Interest income, net | 17,867 | |||||||||||||||||||||||||||||||
Other non-operating income, net | 4,718 | |||||||||||||||||||||||||||||||
| Income before income tax | $ | 229,624 | ||||||||||||||||||||||||||||||
(a) For each reportable segment, other segment items include certain corporate expenses and net licensing income allocated to each of the reportable segments, as well as net licensing income directly attributable to each of the reportable segments.
Year Ended December 31, 2024 | ||||||||||||||||||||||||||||||||
(in thousands) | U.S. | LAAP | EMEA | Canada | Total | |||||||||||||||||||||||||||
Net sales | $ | 2,068,228 | $ | 560,706 | $ | 511,778 | $ | 227,870 | $ | 3,368,582 | ||||||||||||||||||||||
Cost of sales | 1,051,855 | 247,506 | 264,434 | 113,702 | 1,677,497 | |||||||||||||||||||||||||||
Segment selling, general and administrative expenses | 577,295 | 207,248 | 126,121 | 49,187 | 959,851 | |||||||||||||||||||||||||||
Other segment items(a) | 82,356 | 28,944 | 17,737 | 17,184 | 146,221 | |||||||||||||||||||||||||||
Segment operating income | 356,722 | 77,008 | 103,486 | 47,797 | 585,013 | |||||||||||||||||||||||||||
| Reconciliation to income before income tax: | ||||||||||||||||||||||||||||||||
Unallocated corporate expenses | 314,272 | |||||||||||||||||||||||||||||||
Operating income | 270,741 | |||||||||||||||||||||||||||||||
Interest income, net | 27,703 | |||||||||||||||||||||||||||||||
Other non-operating expense, net | 257 | |||||||||||||||||||||||||||||||
Income before income tax | $ | 298,187 | ||||||||||||||||||||||||||||||
(a) For each reportable segment, other segment items include certain corporate expenses and net licensing income allocated to each of the reportable segments, as well as net licensing income directly attributable to each of the reportable segments.
Year Ended December 31, 2023 | ||||||||||||||||||||||||||||||||
(in thousands) | U.S. | LAAP | EMEA | Canada | Total | |||||||||||||||||||||||||||
Net sales | $ | 2,241,437 | $ | 519,754 | $ | 469,237 | $ | 256,775 | $ | 3,487,203 | ||||||||||||||||||||||
Cost of sales | 1,150,610 | 227,304 | 244,570 | 134,787 | 1,757,271 | |||||||||||||||||||||||||||
Segment selling, general and administrative expenses | 591,748 | 200,939 | 110,702 | 49,050 | 952,439 | |||||||||||||||||||||||||||
Other segment items(a) | 83,348 | 29,687 | 15,022 | 17,339 | 145,396 | |||||||||||||||||||||||||||
Segment operating income | 415,731 | 61,824 | 98,943 | 55,599 | 632,097 | |||||||||||||||||||||||||||
| Reconciliation to income before income tax: | ||||||||||||||||||||||||||||||||
Unallocated corporate expenses | 321,813 | |||||||||||||||||||||||||||||||
Operating income | 310,284 | |||||||||||||||||||||||||||||||
Interest income, net | 13,687 | |||||||||||||||||||||||||||||||
Other non-operating income | 2,221 | |||||||||||||||||||||||||||||||
Income before income tax | $ | 326,192 | ||||||||||||||||||||||||||||||
(a) For each reportable segment, other segment items include certain corporate expenses and net licensing income allocated to each of the reportable segments, as well as net licensing income directly attributable to each of the reportable segments.
The following table presents segment depreciation and amortization expense information:
Year Ended December 31, | ||||||||||||||||||||
(in thousands) | 2025 | 2024 | 2023 | |||||||||||||||||
| Depreciation and amortization expense: | ||||||||||||||||||||
| U.S. | $ | 26,274 | $ | 22,907 | $ | 21,429 | ||||||||||||||
| LAAP | 6,803 | 5,885 | 5,440 | |||||||||||||||||
| EMEA | 4,673 | 4,040 | 3,545 | |||||||||||||||||
| Canada | 3,100 | 2,913 | 2,616 | |||||||||||||||||
| Unallocated corporate expense | 15,985 | 20,199 | 25,033 | |||||||||||||||||
| $ | 56,835 | $ | 55,944 | $ | 58,063 | |||||||||||||||
The following table presents segment asset information, as well as long-lived asset information by geographic area:
As of December 31, | ||||||||||||||
(in thousands) | December 31, 2025 | December 31, 2024 | ||||||||||||
| Inventories: | ||||||||||||||
| U.S. | $ | 416,041 | $ | 450,014 | ||||||||||
| LAAP | 118,633 | 108,818 | ||||||||||||
| EMEA | 106,508 | 79,710 | ||||||||||||
| Canada | 48,274 | 51,973 | ||||||||||||
Total segment assets | 689,456 | 690,515 | ||||||||||||
All other assets | 2,239,037 | 2,284,750 | ||||||||||||
Total assets | $ | 2,928,493 | $ | 2,975,265 | ||||||||||
Long-lived assets, net: | ||||||||||||||
| U.S. | $ | 536,022 | $ | 545,401 | ||||||||||
| All other countries | 178,920 | 150,995 | ||||||||||||
| $ | 714,942 | $ | 696,396 | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Feb 27, 2025 | |
| 2023 | Feb 26, 2024 | |
| 2022 | Feb 23, 2023 | |
| 2021 | Feb 24, 2022 | |
| 2020 | Feb 25, 2021 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.