Question
What date was the 2017 annual report filed? December 31, 2016 January 31, 2018 February 22, 2018 December 31, 2017 Who is Columbia Sportswear Companys
What date was the 2017 annual report filed?
December 31, 2016
January 31, 2018
February 22, 2018
December 31, 2017
Who is Columbia Sportswear Companys auditor?
KPMG
Deloitte & Touche
PricewaterhouseCoopers
Ernst & Young
Did Columbia Sportswear Company receive an unqualified opinion?
No
Yes
Assets classified as Property, Plant and Equipment can be either acquired for use in operations, or acquired for resale.
True
False
What is the December 31, 2017 balance (in thousands) of Land and Improvements for Columbia Sportswear Company?
$21,065
$21,862
$21,049
$20,862
What is the December 31, 2017 balance (in thousands) of Furniture and Fixtures for Columbia Sportswear Company?
$79,103
$93,782
$83,613
$75,682
What is the December 31, 2017 balance (in thousands) of total Accumulated Depreciation for Property, Plant, and Equipment for Columbia Sportswear Company ?
$281,394
$279,650
$408,676
$455,811
Which depreciation method does Columbia Sportswear Company use?
Straight-line method
SYD method
DDB method
Activity Based method
Columbia Sportswear Company uses an estimated useful life for land improvements of:
5 years
7 years
10 years
15 years
Columbia Sportswear Company depreciates leasehold improvements over:
5 years
15 years
The greater of the estimated useful life of the improvement or the remaining term of the lease.
The lesser of the estimated useful life of the improvement or the remaining term of the lease.
When should long-lived assets be measured for impairment using the Recoverability test?
Quarterly
Semi-annually
Annually
When circumstances change indicating a carrying amount may not be recoverable
None of the above
To perform a Recoverability test for long-lived assets, the assets carrying amount is compared to
The sum of the expected future net cash flows (discounted) from the use of that asset and its disposition
The sum of the expected future net cash flows (undiscounted) from the use of that asset and its disposition
The assets original historical cost
The assets fair market value
If the Recoverability test indicates an impairment, the loss for an asset held for use is the amount by which the carrying amount of the asset exceeds
The book value of the asset
The historical cost of the asset
The sum of the expected future cash flows (undiscounted) from the use of the asset and its disposition
The fair value of the asset
Is restoration of an impairment loss for long-lived assets allowed for an asset held for use?
Yes
No
Is restoration of an impairment loss for long-lived assets allowed for an asset held for disposal?
Yes
No
What amount did Columbia Sportswear Company include in SG & A expense as impairment charges for long-lived assets for December 31, 2017?
$4,171,000
$1,401,000
$4,310,000
$1,550,000
Which of the following is not a characteristic of all intangible assets?
Long-term in nature
Lack physical existence
Amortized over the intangible assets legal life
Represent an entitys rights and privileges
Which item is amortized by Columbia Sportswear Company over its estimated useful life?
Goodwill
Intangible Assets with finite useful lives
Intangible Assets with indefinite useful lives
All of the above
None of the above
What is the net carrying amount (in thousands) for Patents and Purchased Technology for December 31, 2017 for Columbia Sportswear Company?
$14,198
$37,198
$3,547
$4,877
What is the amount (in thousands) of Intangibles assets not subject to amortization for December 31, 2017 for Columbia Sportswear Company?
$143,731
$115,421
$129,555
$138,584
Columbia Sportswear Company acquired 100% of the equity interest in PrAna Living LLC during 2014. How much of the purchase price was allocated to Goodwill (in thousands)? This will take some digging into past 10K reports (hint: Pull the 2014 -10K from the Columbia website under Investor Relations)
$188,467
$193,413
$ 65,842
$ 54,156
When Columbia Sportswear Company acquired 100% of the equity interest in PrAna Living LLC during 2014, how much of the purchase price was allocated to acquired identifiable intangible assets (in thousands)?
$139,257
$114,500
$ 54,156
$ 65,842
The value of goodwill is the excess of
The purchase price over the fair value of tangible and identifiable intangible net assets acquired.
The purchase price over the fair value of tangible net assets acquired.
The purchase price over the carrying value of tangible and identifiable intangible net assets acquired.
The purchase price over the carrying value of tangible net assets acquired.
Internally generated goodwill associated with a business may be recorded as an asset when a firm offer to purchase that business unit has been received.
True
False
Did Columbia Sportswear Company recognize any goodwill impairment for December 31, 2017?
Yes
No
Depreciation and amortization recognized (in thousands) by Columbia Sportswear Company for December 31, 2017 was
$60,016
$40,871
$56,521
$59,945
Which of the following would not be amortized?
Patent
Trade name
Customer list
Copyright
What was the total of Accrued Liabilities (in thousands) for Columbia Sportswear Company as of December 31, 2017?
$453,636
$362,851
$182,228
$252,301
The accrued product warranties balance (in thousands) recognized by Columbia Sportswear Company for the year ending December 31, 2017 is?
$11,455
$13,500
$12,339
$11,487
What categories of commitments and contingencies did Columbia Sportswear Company disclose?
Operating leases
Inventory Purchase Obligations
Litigation
Indemnities and Guarantees
All of the above
Does Columbia Sportswear Company believe the ultimate resolution of current legal proceedings will have a material adverse effect on their financial statements?
Yes
No
What is the value (in thousands) of the asset retirement obligations for Columbia Sportswear Company as of 12/31/17?
$3,342
$4,580
$48,735
$42,622
$0
At December 31, 2017, was Columbia Sportswear Company in compliance with all associated covenants related to its domestic revolving line of credit (maturity date of July 1, 2021) ?
Yes
No
What was the amount of Columbia Sportswear Company contributions to their U.S. employees 401(k) profit-sharing plan for December 31, 2017?
$7,666,000
$7,754,000
$6,981,000
$3,546,000
How much did Columbia Sportswear Company pay (in thousands) to repurchase their common stock during 2017?
$0
$11,000
$35,542
$70,068
Cash dividends paid (in thousands) in 2017 for Columbia Sportswear Company were?
$48,122
$50,909
$43,547
$44,676
Which earnings per share amounts are reported in a complex capital structure?
Basic and Diluted EPS
Basic and Simple EPS
Basic EPS only
Diluted EPS only
What is the numerator (in thousands) for the calculation of the 2017 Diluted EPS of $1.49?
$1,159,962
$262,969
$112,315
$105,123
What is the denominator (in thousands) for the calculation of the 2017 Diluted EPS of $1.49?
70,632
71,064
70,453
70,681
What caused the increase in the denominator from Basic EPS to Diluted EPS for 2017?
Dilutive Convertible Preferred Stock
Dilutive Convertible Bonds
Dilutive Stock Options and Restricted Stock
None of the above
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