Columbia Sportswear (COLM) 10-Q 4 Nov 21 2021 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2021	Oct. 22, 2021
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
Document Transition Report	false
Entity File Number	000-23939
Entity Registrant Name	COLUMBIA SPORTSWEAR COMPANY
Entity Incorporation, State or Country Code	OR
Entity Tax Identification Number	93-0498284
Entity Address, Address Line One	14375 Northwest Science Park Drive
Entity Address, City or Town	Portland
Entity Address, State or Province	OR
Entity Address, Postal Zip Code	97229
City Area Code	(503)
Local Phone Number	985-4000
Title of 12(b) Security	Common stock
Trading Symbol	COLM
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		65,217,098
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001050797
Current Fiscal Year End Date	--12-31

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
Current Assets:
Cash and cash equivalents	$ 599,479	$ 790,725	$ 313,429
Short-term investments	1,132	1,224	1,095
Accounts receivable, net of allowance of $10,847, $21,810, and $29,760, respectively	500,451	452,945	479,376
Inventories, net	720,865	556,530	771,724
Prepaid expenses and other current assets	98,146	54,197	82,175
Total current assets	1,920,073	1,855,621	1,647,799
Assets, Noncurrent [Abstract]
Property, plant and equipment, at cost, net of accumulated depreciation of $591,795, $574,247, and $550,097, respectively	293,725	309,792	322,167
Operating lease right-of-use assets	344,876	339,244	351,277
Intangible assets, net	102,321	103,558	121,471
Goodwill	68,594	68,594	68,594
Deferred income taxes	92,493	96,126	77,055
Other non-current assets	67,277	63,636	63,951
Total assets	2,889,359	2,836,571	2,652,314
Current Liabilities:
Accounts payable	241,119	206,697	164,332
Accrued liabilities	273,590	257,278	257,040
Operating lease liabilities	67,055	65,466	73,409
Income taxes payable	8,955	23,181	4,813
Total current liabilities	590,719	552,622	499,594
Liabilities, Noncurrent [Abstract]
Non-current operating lease liabilities	330,765	353,181	337,108
Income taxes payable	49,392	49,922	49,195
Deferred income taxes	1	5,205	7,149
Other long-term liabilities	38,165	42,870	36,452
Total liabilities	1,009,042	1,003,800	929,498
Commitments and contingencies (Note 6)
Shareholders' Equity:
Preferred stock; 10,000 shares authorized; none issued and outstanding	0	0	0
Common stock (no par value); 250,000 shares authorized; 65,501, 66,252, and 66,210, issued and outstanding, respectively	0	20,165	13,142
Retained earnings	1,883,343	1,811,800	1,716,044
Accumulated other comprehensive income (loss)	(3,026)	806	(6,370)
Total shareholders' equity	1,880,317	1,832,771	1,722,816
Total liabilities and shareholders' equity	$ 2,889,359	$ 2,836,571	$ 2,652,314

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 804,706	$ 701,092	$ 1,996,682	$ 1,585,931
Cost of Goods and Services Sold	396,346	358,184	974,403	825,079
Gross Profit, Total	408,360	342,908	1,022,279	760,852
Selling, general and administrative expenses	280,121	261,192	796,276	755,664
Net licensing income	5,222	3,927	12,933	8,168
Income from operations	133,461	85,643	238,936	13,356
Interest income, net	196	(280)	1,072	728
Other Nonoperating Income (Expense)	201	(465)	(397)	2,208
Income before income tax	133,858	84,898	239,611	16,292
Income Tax Expense (Benefit)	(33,295)	(22,147)	(42,464)	(4,035)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total	$ 100,563	$ 62,751	$ 197,147	$ 12,257
Earnings Per Share [Abstract]
Earnings Per Share, Basic	$ 1.53	$ 0.95	$ 2.98	$ 0.18
Earnings Per Share, Diluted	$ 1.52	$ 0.94	$ 2.96	$ 0.18
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted Average Number of Shares Outstanding, Basic	65,862	66,179	66,182	66,427
Weighted Average Number of Shares Outstanding, Diluted	66,266	66,537	66,673	66,807

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 100,563	$ 62,751	$ 197,147	$ 12,257
Other comprehensive loss:
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(11,422)	11,175	(19,396)	3,077
Other Comprehensive Income (Loss), Net of Tax, Total	(870)	(510)	(3,832)	(1,945)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest, Total	99,693	62,241	193,315	10,312
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	$ 10,552	$ (11,685)	$ 15,564	$ (5,022)

Consolidated Statement of Cash

Consolidated Statement of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities:
Net income	$ 197,147	$ 12,257
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation, amortization, and non-cash lease expense	84,509	102,283
Provision for uncollectible accounts receivable	(9,088)	24,684
Loss on disposal or impairment of property, plant and equipment and right-of-use assets	366	8,981
Deferred income taxes	(8,731)	4,306
Stock-based compensation	14,487	12,802
Changes in operating assets and liabilities:
Accounts receivable	(44,500)	(17,130)
Inventories, net	(173,761)	(160,090)
Prepaid expenses and other current assets	(40,957)	9,098
Other assets	148	(20,786)
Accounts payable	22,014	(89,790)
Accrued liabilities	24,813	(41,182)
Income taxes payable	(14,621)	(10,011)
Operating lease assets and liabilities	(68,823)	(41,459)
Other liabilities	1,359	8,077
Net cash used in operating activities	(15,638)	(197,960)
Cash flows from investing activities:
Purchases of short-term investments	0	(35,044)
Sales and maturities of short-term investments	1,184	36,630
Capital expenditures	(20,413)	(25,164)
Net cash used in investing activities	(19,229)	(23,578)
Cash flows from financing activities:
Proceeds from credit facilities	29,508	387,992
Repayments on credit facilities	(29,313)	(388,465)
Payment of line of credit issuance fees	0	(2,096)
Proceeds from issuance of common stock related to stock-based compensation	24,329	4,793
Tax payments related to stock-based compensation	(5,715)	(4,454)
Repurchase of common stock	(118,580)	(132,889)
Cash dividends paid	(51,662)	(17,195)
Net cash used in financing activities	(151,433)	(152,314)
Net effect of exchange rate changes on cash	(4,946)	1,272
Net decrease in cash and cash equivalents	(191,246)	(372,580)
Cash and cash equivalents, beginning of period	790,725	686,009
Cash and cash equivalents, end of period	599,479	313,429
Supplemental disclosures of cash flow information:
Cash paid during the year for income taxes	87,709	18,385
Supplemental disclosures of non-cash investing and financing activities:
Property, plant and equipment acquired through increase in liabilities	8,277	4,774
Repurchases of common stock not settled	$ 8,628	$ 0

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss)	Non-controlling Interest [Member]
Balance, shares at Dec. 31, 2019		67,561,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Dec. 31, 2019		$ 4,937	$ 1,848,935	$ (4,425)	$ 1,849,447
Net income	$ 12,257		12,257
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	(5,022)			(5,022)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	3,077			3,077
Cash dividends	$ (17,195)
Common Stock, Dividends, Per Share, Cash Paid	$ 0.26
Issuance of common stock under employee stock plans, net	$ 339	339
Stock-based compensation expense	12,802	$ 12,802
Issuance of common stock under employee stock plans, net (in shares)		206,000
Stock Repurchased During Period, Value	$ (132,889)	$ (4,936)	(127,953)
Repurchase of common stock (in shares)		(1,557,000)
Balance, shares at Sep. 30, 2020	66,210,000	66,210,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Sep. 30, 2020	$ 1,722,816	$ 13,142	1,716,044	(6,370)	1,722,816
Cash dividends paid	(17,195)		(17,195)
Balance, shares at Jun. 30, 2020		66,148,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Jun. 30, 2020		$ 5,396	1,653,293	(5,860)	1,652,829
Net income	62,751		62,751
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	(11,685)			(11,685)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	11,175			11,175
Issuance of common stock under employee stock plans, net	2,656	2,656
Stock-based compensation expense	$ 5,090	$ 5,090
Issuance of common stock under employee stock plans, net (in shares)		62,000
Balance, shares at Sep. 30, 2020	66,210,000	66,210,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Sep. 30, 2020	$ 1,722,816	$ 13,142	1,716,044	(6,370)	1,722,816
Balance, shares at Dec. 31, 2020	66,252,000	66,252,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Dec. 31, 2020	$ 1,832,771	$ 20,165	1,811,800	806	1,832,771
Net income	197,147		197,147
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	15,564			15,564
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(19,396)			(19,396)
Cash dividends	$ (51,662)
Common Stock, Dividends, Per Share, Cash Paid	$ 0.78
Issuance of common stock under employee stock plans, net	$ 18,614	18,614
Stock-based compensation expense	14,487	$ 14,487
Issuance of common stock under employee stock plans, net (in shares)		503,000
Stock Repurchased During Period, Value	$ (127,208)	$ (53,266)	(73,942)
Repurchase of common stock (in shares)		(1,254,000)
Balance, shares at Sep. 30, 2021	65,501,000	65,501,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Sep. 30, 2021	$ 1,880,317		1,883,343	(3,026)	1,880,317
Cash dividends paid	(51,662)		(51,662)
Balance, shares at Jun. 30, 2021		66,148,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Jun. 30, 2021			1,863,813	(2,156)	1,861,657
Net income	100,563		100,563
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification and Tax	10,552			10,552
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(11,422)			(11,422)
Cash dividends	$ (17,122)
Common Stock, Dividends, Per Share, Cash Paid	$ 0.26
Issuance of common stock under employee stock plans, net	$ 3,767	$ 3,767
Stock-based compensation expense	4,664	$ 4,664
Issuance of common stock under employee stock plans, net (in shares)		79,000
Stock Repurchased During Period, Value	$ (72,342)	$ (8,431)	(63,911)
Repurchase of common stock (in shares)		(726,000)
Balance, shares at Sep. 30, 2021	65,501,000	65,501,000
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Sep. 30, 2021	$ 1,880,317		1,883,343	$ (3,026)	$ 1,880,317
Cash dividends paid			$ (17,122)

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
Statement of Financial Position [Abstract]
Allowance for Doubtful Accounts, Premiums and Other Receivables	$ 10,847	$ 21,810	$ 29,760
Property, Plant, and Equipment, Owned, Accumulated Depreciation	$ 591,795	$ 574,247	$ 550,097
Preferred Stock, Shares Authorized	10,000,000	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0	0
Preferred Stock, Shares Outstanding	0	0	0
Common Stock, Shares Authorized	250,000,000	250,000,000	250,000,000
Common Stock, Shares, Outstanding	65,501,000	66,252,000	66,210,000
Common Stock, Shares, Issued	65,501,000	66,252,000	66,210,000

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax	$ (3,602)	$ 3,995	$ (5,787)	$ 1,371
Foreign currency translation adjustment, tax effect	$ 66	$ (290)	$ 215	$ (253)

Basis of Presentation and Organ

Basis of Presentation and Organization	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Organization	NOTE 1—BASIS OF PRESENTATION AND ORGANIZATION The accompanying unaudited condensed consolidated financial statements have been prepared by the management of Columbia Sportswear Company (together with its wholly owned subsidiaries, the "Company") and, in the opinion of management, include all normal recurring material adjustments necessary to present fairly the Company's financial position as of September 30, 2021, December 31, 2020 and September 30, 2020, the results of operations for the three and nine months ended September 30, 2021 and 2020, and cash flows for the nine months ended September 30, 2021 and 2020. The December 31, 2020 financial information was derived from the Company's audited consolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2020. A significant part of the Company's business is of a seasonal nature; therefore, results of operations for the three and nine months ended September 30, 2021 are not necessarily indicative of results to be expected for other quarterly periods or for the full year. Certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission. The Company, however, believes that the disclosures contained in this report comply with the requirements of Section 13(a) of the Securities Exchange Act of 1934, as amended, for a Quarterly Report on Form 10-Q and are adequate to make the information presented not misleading. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2020. Principles of Consolidation The condensed consolidated financial statements include the accounts of Columbia Sportswear Company and its wholly owned subsidiaries. Intercompany balances and transactions have been eliminated in consolidation. Estimates and Assumptions The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from these estimates and assumptions. Some of the more significant estimates relate to revenue recognition; allowance for uncollectible accounts receivable; obsolescence reserves for excess, close-out and slow moving inventory; impairment of long-lived assets, intangible assets and goodwill; and income taxes. Recently Adopted Accounting Pronouncements Effective January 1, 2021, the Company adopted Accounting Standards Update No. 2019-12 , Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, which, among other things, removes specific exceptions for recognizing deferred taxes for investments, performing intraperiod allocation and calculating income taxes in interim periods, as well as targeted impacts to the accounting for taxes under hybrid tax regimes. At adoption, there was not a material impact to the Company's financial position, results of operations or cash flows. Recent Accounting Pronouncements Not Yet Adopted None.

Revenues

Revenues	9 Months Ended
	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenues	NOTE 2—REVENUES Disaggregated Revenue As disclosed in Note 11, the Company has four geographic reportable segments: United States ("U.S."), Latin America and Asia Pacific ("LAAP"), Europe, Middle East and Africa ("EMEA") and Canada. The following tables disaggregate the Company's operating segment Net sales by product category and channel, which the Company believes provides a meaningful depiction of how the nature, timing, and uncertainty of Net sales are affected by economic factors: Three Months Ended September 30, 2021 (in thousands) U.S. LAAP EMEA Canada Total Product category net sales Apparel, Accessories and Equipment $ 406,187 $ 78,160 $ 75,399 $ 61,409 $ 621,155 Footwear 104,299 24,594 33,751 20,907 183,551 Total $ 510,486 $ 102,754 $ 109,150 $ 82,316 $ 804,706 Channel net sales Wholesale $ 292,357 $ 66,070 $ 93,899 $ 65,810 $ 518,136 Direct-to-consumer 218,129 36,684 15,251 16,506 286,570 Total $ 510,486 $ 102,754 $ 109,150 $ 82,316 $ 804,706 Three Months Ended September 30, 2020 (in thousands) U.S. LAAP EMEA Canada Total Product category net sales Apparel, Accessories and Equipment $ 332,713 $ 70,026 $ 66,160 $ 41,221 $ 510,120 Footwear 112,907 20,925 32,999 24,141 190,972 Total $ 445,620 $ 90,951 $ 99,159 $ 65,362 $ 701,092 Channel net sales Wholesale $ 282,850 $ 50,723 $ 85,074 $ 52,820 $ 471,467 Direct-to-consumer 162,770 40,228 14,085 12,542 229,625 Total $ 445,620 $ 90,951 $ 99,159 $ 65,362 $ 701,092 Nine Months Ended September 30, 2021 (in thousands) U.S. LAAP EMEA Canada Total Product category net sales Apparel, Accessories and Equipment $ 1,040,432 $ 212,921 $ 186,213 $ 103,549 $ 1,543,115 Footwear 257,781 79,785 82,276 33,725 453,567 Total $ 1,298,213 $ 292,706 $ 268,489 $ 137,274 $ 1,996,682 Channel net sales Wholesale $ 669,425 $ 153,689 $ 232,215 $ 100,523 $ 1,155,852 Direct-to-consumer 628,788 139,017 36,274 36,751 840,830 Total $ 1,298,213 $ 292,706 $ 268,489 $ 137,274 $ 1,996,682 Nine Months Ended September 30, 2020 (in thousands) U.S. LAAP EMEA Canada Total Product category net sales Apparel, Accessories and Equipment $ 793,846 $ 193,815 $ 145,100 $ 73,445 $ 1,206,206 Footwear 210,887 67,097 68,198 33,543 379,725 Total $ 1,004,733 $ 260,912 $ 213,298 $ 106,988 $ 1,585,931 Channel net sales Wholesale $ 559,052 $ 139,316 $ 180,416 $ 78,546 $ 957,330 Direct-to-consumer 445,681 121,596 32,882 28,442 628,601 Total $ 1,004,733 $ 260,912 $ 213,298 $ 106,988 $ 1,585,931 Performance Obligations For the three and nine months ended September 30, 2021 and 2020, Net sales recognized from performance obligations related to prior periods were not material. Net sales expected to be recognized in any future period related to remaining performance obligations are not material. Contract Balances As of September 30, 2021, December 31, 2020 and September 30, 2020, contract liabilities included in Accrued liabilities on the Condensed Consolidated Balance Sheets, which consisted of obligations associated with the Company's gift card and customer loyalty programs, were not material.

INTANGIBLE ASSETS, NET

INTANGIBLE ASSETS, NET	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS, NET	NOTE 3—INTANGIBLE ASSETS, NET Intangible assets, net consisted of the following: (in thousands) September 30, 2021 December 31, 2020 September 30, 2020 Intangible assets subject to amortization: Patents and purchased technology $ 14,198 $ 14,198 $ 14,198 Customer relationships 23,000 23,000 23,000 Gross carrying amount 37,198 37,198 37,198 Accumulated amortization: Patents and purchased technology (14,198) (14,198) (14,198) Customer relationships (18,600) (17,363) (16,950) Accumulated amortization (32,798) (31,561) (31,148) Net carrying amount 4,400 5,637 6,050 Intangible assets not subject to amortization 97,921 97,921 115,421 Intangible assets, net $ 102,321 $ 103,558 $ 121,471 Amortization expense for intangible assets subject to amortization was $0.4 million and $0.6 million for the three months ended September 30, 2021 and 2020, respectively, and was $1.2 million and $2.1 million for the nine months ended September 30, 2021, and 2020, respectively. The following table presents the estimated annual amortization expense for the years ending 2021 through 2025: (in thousands) 2021 $ 1,650 2022 1,650 2023 1,650 2024 688 2025 —

Short-Term Borrowings and Credi

Short-Term Borrowings and Credit Lines	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Short-term Debt [Text Block]	NOTE 4—SHORT-TERM BORROWINGS AND CREDIT LINES Except as disclosed below, there have been no significant changes to the Company's short-term borrowings and credit lines as described in Note 7 in the Company's Annual Report on Form 10-K for the year ended December 31, 2020. At the beginning of 2021, the Company's Japanese subsidiary had two separate unsecured and uncommitted overdraft facilities guaranteed by the Company providing for borrowings up to a maximum of ¥1.5 billion and ¥700.0 million. In March 2021, the Company's Japanese subsidiary entered into an agreement to establish an unsecured and uncommitted overdraft facility providing for borrowings up to a maximum of ¥400.0 million. In September 2021, the Company's Japanese subsidiary entered into an agreement which replaced the ¥1.5 billion overdraft facility with a ¥1.0 billion overdraft facility. At September 30, 2021, the combined available borrowings of the three lines was approximately US$18.8 million. Borrowings under the ¥1.0 billion and ¥400.0 million overdraft facilities accrue interest at the Tokyo Interbank Offered Rate plus 50 basis points and borrowings under the ¥700.0 million overdraft facility accrue interest at 150 basis points. As of September 30, 2021, there was no balance outstanding under these facilities.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 5—INCOME TAXES For the three months ended September 30, 2021 and 2020, the Company's effective income tax rates were 24.9% and 26.1%, respectively. The decrease in the effective income tax rate for the three months ended September 30, 2021 was primarily due to the mix of book income or loss among jurisdictions. For the nine months ended September 30, 2021 and 2020, the Company's effective income tax rates were 17.7% and 24.8%, respectively. The decrease in the effective income tax rate for the nine months ended September 30, 2021 was primarily due to the non-recurring decrease in accrued foreign withholding taxes and the mix of book income or loss among jurisdictions.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 6—COMMITMENTS AND CONTINGENCIESThe Company is involved in litigation and various legal matters arising in the normal course of business, including matters related to employment, retail, intellectual property, contractual agreements, lease agreements, and various regulatory compliance activities. Management has considered facts related to legal and regulatory matters and opinions of counsel handling these matters, and does not believe the ultimate resolution of these proceedings will have a material adverse effect on the Company's financial position, results of operations or cash flows.

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
Shareholders' Equity	NOTE 7—SHAREHOLDERS' EQUITY Since the inception of the Company's stock repurchase plan in 2004 through September 30, 2021, the Company's Board of Directors has authorized the repurchase of $1.5 billion of the Company's common stock. Shares of the Company's common stock may be purchased in the open market or through privately negotiated transactions, subject to market conditions, and generally settle subsequent to the trade date. The repurchase program does not obligate the Company to acquire any specific number of shares or to acquire shares over any specified period of time.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
Stock-Based Compensation	NOTE 8—STOCK-BASED COMPENSATION The Company's Stock Incentive Plan allows for grants of incentive stock options, non-statutory stock options, restricted stock awards, restricted stock units, and other stock-based or cash-based awards. Stock-Based Compensation Expense Stock-based compensation expense consisted of the following: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2021 2020 2021 2020 Stock options $ 1,500 $ 1,775 $ 5,271 $ 5,234 Restricted stock units 3,164 3,315 9,216 7,568 Total $ 4,664 $ 5,090 $ 14,487 $ 12,802 Stock Options During the nine months ended September 30, 2021, the Company granted a total of 545,976 stock options at a weighted average grant date fair value of $17.55 per share. As of September 30, 2021, unrecognized costs related to outstanding stock options totaled $13.0 million, before any related tax benefit. As of September 30, 2021, unrecognized costs related to stock options are expected to be recognized over a weighted average period of 2.56 years. Restricted Stock Units During the nine months ended September 30, 2021, the Company granted 175,556 restricted stock units at a weighted average grant date fair value of $96.06 per share. As of September 30, 2021, unrecognized costs related to outstanding restricted stock units totaled $22.8 million, before any related tax benefit. As of September 30, 2021, unrecognized costs related to restricted stock units are expected to be recognized over a weighted average period of 2.33 years.

Earnings per Share

Earnings per Share	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 9—EARNINGS PER SHARE Earnings per share ("EPS") is presented on both a basic and diluted basis. Basic EPS is based on the weighted average number of common shares outstanding. Diluted EPS reflects the potential dilution that could occur if outstanding securities or other contracts to issue common stock were exercised or converted into common stock. A reconciliation of the common shares used in the denominator for computing basic and diluted EPS is as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except per share amounts) 2021 2020 2021 2020 Weighted average common shares outstanding, used in computing basic earnings per share 65,862 66,179 66,182 66,427 Effect of dilutive stock options and restricted stock units 404 358 491 380 Weighted average common shares outstanding, used in computing diluted earnings per share 66,266 66,537 66,673 66,807 Earnings per share of common stock: Basic $ 1.53 $ 0.95 $ 2.98 $ 0.18 Diluted $ 1.52 $ 0.94 $ 2.96 $ 0.18 Stock options, service-based restricted stock units, and performance-based restricted stock representing 652,317 and 810,092 shares of common stock for the three and nine months ended September 30, 2021, respectively, were outstanding but were excluded from the computation of diluted EPS because their effect would have been anti-dilutive under the treasury stock method, or because the shares were subject to performance conditions that had not been met.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	NOTE 10—ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) Accumulated other comprehensive income (loss) on the Condensed Consolidated Balance Sheets is net of applicable taxes, and 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 income (loss) for the three months ended September 30, 2021: (in thousands) Unrealized holding Foreign currency Total Balance at June 30, 2021 $ (4,357) $ 2,201 $ (2,156) Other comprehensive income (loss) before reclassifications 8,170 (11,422) (3,252) Amounts reclassified from accumulated other comprehensive income (loss) (1) 2,382 — 2,382 Net other comprehensive income (loss) during the year 10,552 (11,422) (870) Balance at September 30, 2021 $ 6,195 $ (9,221) $ (3,026) (1) Amounts reclassified are recorded in Net sales, Cost of sales, or Other non-operating income (expense) on the Condensed Consolidated Statements of Operations. Refer to Note 12 for further information regarding reclassifications. The following table sets forth the changes in Accumulated other comprehensive income (loss) for the three months ended September 30, 2020: (in thousands) Unrealized gains (losses) Unrealized holding Foreign currency Total Balance at June 30, 2020 $ (4) $ 16,145 $ (22,001) $ (5,860) Other comprehensive income (loss) before reclassifications — (6,398) 11,175 4,777 Amounts reclassified from accumulated other comprehensive income (loss) (1) — (5,287) — (5,287) Net other comprehensive income (loss) during the year — (11,685) 11,175 (510) Balance at September 30, 2020 $ (4) $ 4,460 $ (10,826) $ (6,370) (1) Amounts reclassified are recorded in Net sales, Cost of sales, or Other non-operating income (expense), net on the Condensed Consolidated Statements of Operations. Refer to Note 12 for further information regarding reclassifications. The following table sets forth the changes in Accumulated other comprehensive income (loss) for the nine months ended September 30, 2021: (in thousands) Unrealized holding Foreign currency Total Balance at December 31, 2020 $ (9,369) $ 10,175 $ 806 Other comprehensive income (loss) before reclassifications 13,547 (19,396) (5,849) Amounts reclassified from accumulated other comprehensive income (loss) (1) 2,017 — 2,017 Net other comprehensive income (loss) during the year 15,564 (19,396) (3,832) Balance at September 30, 2021 $ 6,195 $ (9,221) $ (3,026) (1) Amounts reclassified are recorded in Net sales, Cost of sales, or Other non-operating income (expense), net on the Condensed Consolidated Statements of Operations. Refer to Note 12 for further information regarding reclassifications. The following table sets forth the changes in Accumulated other comprehensive income (loss) for the nine months ended September 30, 2020: (in thousands) Unrealized gains (losses) Unrealized holding Foreign currency Total Balance at December 31, 2019 $ (4) $ 9,482 $ (13,903) $ (4,425) Other comprehensive income before reclassifications — 4,617 3,077 7,694 Amounts reclassified from accumulated other comprehensive income (loss) (1) — (9,639) — (9,639) Net other comprehensive income (loss) during the year — (5,022) 3,077 (1,945) Balance at September 30, 2020 $ (4) $ 4,460 $ (10,826) $ (6,370) (1) Amounts reclassified are recorded in Net sales, Cost of sales, or Other non-operating income (expense), net on the Condensed Consolidated Statements of Operations. Refer to Note 12 for further information regarding reclassifications.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Segment Information	NOTE 11—SEGMENT INFORMATION The Company has four reportable geographic segments: U.S., LAAP, EMEA, and Canada, which are reflective of the Company's internal organization, management and oversight structure. Each geographic segment operates predominantly in one industry: the design, development, marketing, and distribution of outdoor, active and everyday lifestyle apparel, footwear, accessories, and equipment products. 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 departments, including global information services, finance, human resources and legal, as well as executive compensation, unallocated benefit program expense, and other miscellaneous costs. The following table presents financial information for the Company's reportable segments: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2021 2020 2021 2020 Net sales to unrelated entities: U.S. $ 510,486 $ 445,620 $ 1,298,213 $ 1,004,733 LAAP 102,754 90,951 292,706 260,912 EMEA 109,150 99,159 268,489 213,298 Canada 82,316 65,362 137,274 106,988 $ 804,706 $ 701,092 $ 1,996,682 $ 1,585,931 Segment operating income: U.S. $ 139,101 $ 96,577 $ 320,819 $ 118,454 LAAP 7,628 4,736 16,347 8,690 EMEA 26,215 18,959 47,809 19,032 Canada 22,849 19,767 29,710 15,142 Total segment operating income 195,793 140,039 414,685 161,318 Unallocated corporate expenses (62,332) (54,396) (175,749) (147,962) Interest income (expense), net 196 (280) 1,072 728 Other non-operating income (expense), net 201 (465) (397) 2,208 Income before income tax $ 133,858 $ 84,898 $ 239,611 $ 16,292 Concentrations The Company had one customer that accounted for 10.4%, 14.3% and 11.4% of Accounts receivable, net on the Condensed Consolidated Balance Sheets as of September 30, 2021, December 31, 2020, and September 30, 2020, respectively. No single customer accounted for 10% or more of Net sales in the Condensed Consolidated Statement of Operations for the three and nine months ended September 30, 2021 and 2020.

Financial Instruments and Risk

Financial Instruments and Risk Management	9 Months Ended
	Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments and Risk Management	NOTE 12—FINANCIAL INSTRUMENTS AND RISK MANAGEMENT In the normal course of business, the Company's financial position, results of operations and cash flows are routinely subject to a variety of risks. These risks include risks associated with financial markets, primarily currency exchange rate risk and, to a lesser extent, interest rate risk and equity market risk. The Company regularly assesses these risks and has established policies and business practices designed to mitigate them. The Company does not engage in speculative trading in any financial market. The Company actively manages the risk of changes in functional currency equivalent cash flows resulting from anticipated non-functional currency denominated purchases and sales. Subsidiaries that use European euros, Canadian dollars, Japanese yen, Chinese renminbi, or Korean won as their functional currency are primarily exposed to changes in functional currency equivalent cash flows from anticipated United States dollar inventory purchases. Subsidiaries that use United States dollars and euros as their functional currency also have non-functional currency denominated sales for which the Company hedges the Canadian dollar and British pound. The Company manages these risks by using currency forward contracts formally designated and effective as cash flow hedges. Hedge effectiveness is generally determined by evaluating the ability of a hedging instrument's cumulative change in fair value to offset the cumulative change in the present value of expected cash flows on the underlying exposures. For forward contracts, forward points are included in the fair value of the cash flow hedge. These costs or benefits are included in Accumulated other comprehensive income (loss) until the underlying hedge transaction is recognized in either Net sales or Cost of sales , at which time, the forward points will also be recognized as a component of Net income . The Company also uses currency forward contracts not formally designated as hedges to manage the consolidated currency exchange rate risk associated with the remeasurement of non-functional currency denominated monetary assets and liabilities by subsidiaries that use United States dollars, euros, Canadian dollars, yen, won, or renminbi as their functional currency. Non-functional currency denominated monetary assets and liabilities consist primarily of cash and cash equivalents, short-term investments, receivables, payables, deferred income taxes, and intercompany loans. The gains and losses generated on these currency forward contracts not formally designated as hedges are expected to be largely offset in Other non-operating income (expense), net by the gains and losses generated from the remeasurement of the non-functional currency denominated monetary assets and liabilities. The following table presents the gross notional amount of outstanding derivative instruments: (in thousands) September 30, 2021 December 31, 2020 September 30, 2020 Derivative instruments designated as cash flow hedges: Currency forward contracts $ 471,250 $ 417,707 $ 419,402 Derivative instruments not designated as cash flow hedges: Currency forward contracts 247,134 326,280 224,573 At September 30, 2021, $0.3 million of deferred net losses on both outstanding and matured derivatives recorded in Other comprehensive loss are expected to be reclassified to Net income during the next twelve months as a result of underlying hedged transactions also being recorded in Net sa les or Cost of sales in the Condensed Consolidated Statements of Operations. Actual amounts ultimately reclassified to Net sa les or Cost of sales in the Condensed Consolidated Statements of Comprehensive Income are dependent on United States dollar exchange rates in effect against the euro, pound sterling, renminbi, Canadian dollar, and yen when outstanding derivative contracts mature. At September 30, 2021, the Company's derivative contracts had a remaining maturity of less than four years. The maximum net exposure to any single counterparty, which is generally limited to the aggregate unrealized gain of all contracts with that counterparty, was $3.5 million at September 30, 2021. All of the Company's derivative counterparties have credit ratings that are investment grade or higher. The Company is a party to master netting arrangements that contain features that allow counterparties to net settle amounts arising from multiple separate derivative transactions or net settle in the case of certain triggering events such as a bankruptcy or major default of one of the counterparties to the transaction. The Company has not pledged assets or posted collateral as a requirement for entering into or maintaining derivative positions. The following table presents the balance sheet classification and fair value of derivative instruments: (in thousands) Balance Sheet Classification September 30, 2021 December 31, 2020 September 30, 2020 Derivative instruments designated as cash flow hedges: Derivative instruments in asset positions: Currency forward contracts Prepaid expenses and other current assets $ 5,500 $ 947 $ 4,729 Currency forward contracts Other non-current assets 8,723 1,126 3,454 Derivative instruments in liability positions: Currency forward contracts Accrued liabilities 2,164 7,573 2,034 Currency forward contracts Other long-term liabilities 449 6,590 1,186 Derivative instruments not designated as cash flow hedges: Derivative instruments in asset positions: Currency forward contracts Prepaid expenses and other current assets 1,633 1,650 2,211 Currency forward contracts Other non-current assets 109 — — Derivative instruments in liability positions: Currency forward contracts Accrued liabilities 251 2,268 381 Currency forward contracts Other long-term liabilities 17 — — The following table presents the statement of operations effect and classification of derivative instruments: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) Statement Of Operations Classification 2021 2020 2021 2020 Currency Forward Contracts: Derivative instruments designated as cash flow hedges: Gain (loss) recognized in other comprehensive loss, net of tax — $ 8,170 $ (6,398) $ 13,547 $ 4,617 Gain (loss) reclassified from accumulated other comprehensive income (loss) to income for the effective portion Net sales (170) 80 (182) 123 Gain (loss) reclassified from accumulated other comprehensive income (loss) to income for the effective portion Cost of sales (3,257) 6,906 (2,833) 11,527 Gain reclassified from accumulated other comprehensive income (loss) to income as a result of cash flow hedge discontinuance Other non-operating income (expense), net 345 60 451 1,177 Derivative instruments not designated as cash flow hedges: Gain (loss) recognized in income Other non-operating income (expense), net 1,077 (1,795) 355 (465)

Fair Value Measures

Fair Value Measures	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Fair Value Measures	NOTE 13—FAIR VALUE MEASURES Certain assets and liabilities are reported at fair value on either a recurring or nonrecurring basis. Fair value is defined as an exit price, representing the amount that the Company would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants, under a three-tier fair value hierarchy that prioritizes the inputs used in measuring fair value as follows: Level 1 — observable inputs such as quoted prices for identical assets or liabilities in active liquid markets; Level 2 — inputs, other than the quoted market prices in active markets, that are observable, either directly or indirectly; or observable market prices in markets with insufficient volume or infrequent transactions; and Level 3 — unobservable inputs for which there is little or no market data available, that require the reporting entity to develop its own assumptions. The Company's assets and liabilities measured at fair value are categorized as Level 1 or Level 2 instruments. Level 1 instrument valuations are obtained from real-time quotes for transactions in active exchange markets involving identical assets. Level 2 instrument valuations are obtained from inputs, other than quoted market prices in active markets, that are directly or indirectly observable in the marketplace and quoted prices in markets with limited volume or infrequent transactions. Assets and liabilities measured at fair value on a recurring basis as of September 30, 2021 are as follows: (in thousands) Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 2,903 $ — $ — $ 2,903 Short-term investments: Money market funds 67 — — 67 Mutual fund shares 1,065 — — 1,065 Other current assets: Derivative financial instruments — 7,133 — 7,133 Non-current assets: Money market funds 3,397 — — 3,397 Mutual fund shares 17,209 — — 17,209 Derivative financial instruments — 8,832 — 8,832 Total assets measured at fair value $ 24,641 $ 15,965 $ — $ 40,606 Liabilities: Accrued liabilities: Derivative financial instruments $ — $ 2,415 $ — $ 2,415 Other long-term liabilities: Derivative financial instruments — 466 — 466 Total liabilities measured at fair value $ — $ 2,881 $ — $ 2,881 Assets and liabilities measured at fair value on a recurring basis at December 31, 2020 are as follows: (in thousands) Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 119,378 $ — $ — $ 119,378 United States government treasury bills — 234,982 — 234,982 Short-term investments: Money market funds 105 — — 105 Mutual fund shares 1,119 — — 1,119 Other current assets: Derivative financial instruments — 2,597 — 2,597 Non-current assets: Money market funds 4,059 — — 4,059 Mutual fund shares 14,657 — — 14,657 Derivative financial instruments — 1,126 — 1,126 Total assets measured at fair value $ 139,318 $ 238,705 $ — $ 378,023 Liabilities: Accrued liabilities: Derivative financial instruments $ — $ 9,841 $ — $ 9,841 Other long-term liabilities: Derivative financial instruments — 6,590 — 6,590 Total liabilities measured at fair value $ — $ 16,431 $ — $ 16,431 Assets and liabilities measured at fair value on a recurring basis at September 30, 2020 are as follows: (in thousands) Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 56,337 $ — $ — $ 56,337 Short-term investments: Money market funds 70 — — 70 Mutual fund shares 1,025 — — 1,025 Other current assets: Derivative financial instruments — 6,940 — 6,940 Non-current assets: Money market funds 4,621 — — 4,621 Mutual fund shares 11,974 — — 11,974 Derivative financial instruments — 3,454 — 3,454 Total assets measured at fair value $ 74,027 $ 10,394 $ — $ 84,421 Liabilities: Accrued liabilities: Derivative financial instruments $ — $ 2,415 $ — $ 2,415 Other long-term liabilities: Derivative financial instruments — 1,186 — 1,186 Total liabilities measured at fair value $ — $ 3,601 $ — $ 3,601

Basis of Presentation and Org_2

Basis of Presentation and Organization (Policies)	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Accounting, Policy	The accompanying unaudited condensed consolidated financial statements have been prepared by the management of Columbia Sportswear Company (together with its wholly owned subsidiaries, the "Company") and, in the opinion of management, include all normal recurring material adjustments necessary to present fairly the Company's financial position as of September 30, 2021, December 31, 2020 and September 30, 2020, the results of operations for the three and nine months ended September 30, 2021 and 2020, and cash flows for the nine months ended September 30, 2021 and 2020. The December 31, 2020 financial information was derived from the Company's audited consolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2020. A significant part of the Company's business is of a seasonal nature; therefore, results of operations for the three and nine months ended September 30, 2021 are not necessarily indicative of results to be expected for other quarterly periods or for the full year. Certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") have been condensed or omitted pursuant to the rules and regulations of the Securities and Exchange Commission. The Company, however, believes that the disclosures contained in this report comply with the requirements of Section 13(a) of the Securities Exchange Act of 1934, as amended, for a Quarterly Report on Form 10-Q and are adequate to make the information presented not misleading. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2020.
Principles of Consolidation	Principles of Consolidation The condensed consolidated financial statements include the accounts of Columbia Sportswear Company and its wholly owned subsidiaries. Intercompany balances and transactions have been eliminated in consolidation.
Estimates and Assumptions	Estimates and Assumptions The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from these estimates and assumptions. Some of the more significant estimates relate to revenue recognition; allowance for uncollectible accounts receivable; obsolescence reserves for excess, close-out and slow moving inventory; impairment of long-lived assets, intangible assets and goodwill; and income taxes.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements Effective January 1, 2021, the Company adopted Accounting Standards Update No. 2019-12 , Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, which, among other things, removes specific exceptions for recognizing deferred taxes for investments, performing intraperiod allocation and calculating income taxes in interim periods, as well as targeted impacts to the accounting for taxes under hybrid tax regimes. At adoption, there was not a material impact to the Company's financial position, results of operations or cash flows. Recent Accounting Pronouncements Not Yet Adopted None.

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following tables disaggregate the Company's operating segment Net sales by product category and channel, which the Company believes provides a meaningful depiction of how the nature, timing, and uncertainty of Net sales are affected by economic factors: Three Months Ended September 30, 2021 (in thousands) U.S. LAAP EMEA Canada Total Product category net sales Apparel, Accessories and Equipment $ 406,187 $ 78,160 $ 75,399 $ 61,409 $ 621,155 Footwear 104,299 24,594 33,751 20,907 183,551 Total $ 510,486 $ 102,754 $ 109,150 $ 82,316 $ 804,706 Channel net sales Wholesale $ 292,357 $ 66,070 $ 93,899 $ 65,810 $ 518,136 Direct-to-consumer 218,129 36,684 15,251 16,506 286,570 Total $ 510,486 $ 102,754 $ 109,150 $ 82,316 $ 804,706 Three Months Ended September 30, 2020 (in thousands) U.S. LAAP EMEA Canada Total Product category net sales Apparel, Accessories and Equipment $ 332,713 $ 70,026 $ 66,160 $ 41,221 $ 510,120 Footwear 112,907 20,925 32,999 24,141 190,972 Total $ 445,620 $ 90,951 $ 99,159 $ 65,362 $ 701,092 Channel net sales Wholesale $ 282,850 $ 50,723 $ 85,074 $ 52,820 $ 471,467 Direct-to-consumer 162,770 40,228 14,085 12,542 229,625 Total $ 445,620 $ 90,951 $ 99,159 $ 65,362 $ 701,092 Nine Months Ended September 30, 2021 (in thousands) U.S. LAAP EMEA Canada Total Product category net sales Apparel, Accessories and Equipment $ 1,040,432 $ 212,921 $ 186,213 $ 103,549 $ 1,543,115 Footwear 257,781 79,785 82,276 33,725 453,567 Total $ 1,298,213 $ 292,706 $ 268,489 $ 137,274 $ 1,996,682 Channel net sales Wholesale $ 669,425 $ 153,689 $ 232,215 $ 100,523 $ 1,155,852 Direct-to-consumer 628,788 139,017 36,274 36,751 840,830 Total $ 1,298,213 $ 292,706 $ 268,489 $ 137,274 $ 1,996,682 Nine Months Ended September 30, 2020 (in thousands) U.S. LAAP EMEA Canada Total Product category net sales Apparel, Accessories and Equipment $ 793,846 $ 193,815 $ 145,100 $ 73,445 $ 1,206,206 Footwear 210,887 67,097 68,198 33,543 379,725 Total $ 1,004,733 $ 260,912 $ 213,298 $ 106,988 $ 1,585,931 Channel net sales Wholesale $ 559,052 $ 139,316 $ 180,416 $ 78,546 $ 957,330 Direct-to-consumer 445,681 121,596 32,882 28,442 628,601 Total $ 1,004,733 $ 260,912 $ 213,298 $ 106,988 $ 1,585,931

INTANGIBLE ASSETS, NET (Tables)

INTANGIBLE ASSETS, NET (Tables)	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule Of Identifiable Intangible Assets [Table Text Block]	(in thousands) September 30, 2021 December 31, 2020 September 30, 2020 Intangible assets subject to amortization: Patents and purchased technology $ 14,198 $ 14,198 $ 14,198 Customer relationships 23,000 23,000 23,000 Gross carrying amount 37,198 37,198 37,198 Accumulated amortization: Patents and purchased technology (14,198) (14,198) (14,198) Customer relationships (18,600) (17,363) (16,950) Accumulated amortization (32,798) (31,561) (31,148) Net carrying amount 4,400 5,637 6,050 Intangible assets not subject to amortization 97,921 97,921 115,421 Intangible assets, net $ 102,321 $ 103,558 $ 121,471
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The following table presents the estimated annual amortization expense for the years ending 2021 through 2025: (in thousands) 2021 $ 1,650 2022 1,650 2023 1,650 2024 688 2025 —
Schedule of Intangible Assets and Goodwill	Intangible assets, net consisted of the following: (in thousands) September 30, 2021 December 31, 2020 September 30, 2020 Intangible assets subject to amortization: Patents and purchased technology $ 14,198 $ 14,198 $ 14,198 Customer relationships 23,000 23,000 23,000 Gross carrying amount 37,198 37,198 37,198 Accumulated amortization: Patents and purchased technology (14,198) (14,198) (14,198) Customer relationships (18,600) (17,363) (16,950) Accumulated amortization (32,798) (31,561) (31,148) Net carrying amount 4,400 5,637 6,050 Intangible assets not subject to amortization 97,921 97,921 115,421 Intangible assets, net $ 102,321 $ 103,558 $ 121,471

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
Schedule of Stock-Based Compensation Expense	Stock-based compensation expense consisted of the following: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2021 2020 2021 2020 Stock options $ 1,500 $ 1,775 $ 5,271 $ 5,234 Restricted stock units 3,164 3,315 9,216 7,568 Total $ 4,664 $ 5,090 $ 14,487 $ 12,802

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	A reconciliation of the common shares used in the denominator for computing basic and diluted EPS is as follows: Three Months Ended September 30, Nine Months Ended September 30, (in thousands, except per share amounts) 2021 2020 2021 2020 Weighted average common shares outstanding, used in computing basic earnings per share 65,862 66,179 66,182 66,427 Effect of dilutive stock options and restricted stock units 404 358 491 380 Weighted average common shares outstanding, used in computing diluted earnings per share 66,266 66,537 66,673 66,807 Earnings per share of common stock: Basic $ 1.53 $ 0.95 $ 2.98 $ 0.18 Diluted $ 1.52 $ 0.94 $ 2.96 $ 0.18

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income, Net of Related Tax Effects	The following table sets forth the changes in Accumulated other comprehensive income (loss) for the three months ended September 30, 2021: (in thousands) Unrealized holding Foreign currency Total Balance at June 30, 2021 $ (4,357) $ 2,201 $ (2,156) Other comprehensive income (loss) before reclassifications 8,170 (11,422) (3,252) Amounts reclassified from accumulated other comprehensive income (loss) (1) 2,382 — 2,382 Net other comprehensive income (loss) during the year 10,552 (11,422) (870) Balance at September 30, 2021 $ 6,195 $ (9,221) $ (3,026) (1) Amounts reclassified are recorded in Net sales, Cost of sales, or Other non-operating income (expense) on the Condensed Consolidated Statements of Operations. Refer to Note 12 for further information regarding reclassifications. The following table sets forth the changes in Accumulated other comprehensive income (loss) for the three months ended September 30, 2020: (in thousands) Unrealized gains (losses) Unrealized holding Foreign currency Total Balance at June 30, 2020 $ (4) $ 16,145 $ (22,001) $ (5,860) Other comprehensive income (loss) before reclassifications — (6,398) 11,175 4,777 Amounts reclassified from accumulated other comprehensive income (loss) (1) — (5,287) — (5,287) Net other comprehensive income (loss) during the year — (11,685) 11,175 (510) Balance at September 30, 2020 $ (4) $ 4,460 $ (10,826) $ (6,370) (1) Amounts reclassified are recorded in Net sales, Cost of sales, or Other non-operating income (expense), net on the Condensed Consolidated Statements of Operations. Refer to Note 12 for further information regarding reclassifications. The following table sets forth the changes in Accumulated other comprehensive income (loss) for the nine months ended September 30, 2021: (in thousands) Unrealized holding Foreign currency Total Balance at December 31, 2020 $ (9,369) $ 10,175 $ 806 Other comprehensive income (loss) before reclassifications 13,547 (19,396) (5,849) Amounts reclassified from accumulated other comprehensive income (loss) (1) 2,017 — 2,017 Net other comprehensive income (loss) during the year 15,564 (19,396) (3,832) Balance at September 30, 2021 $ 6,195 $ (9,221) $ (3,026) (1) Amounts reclassified are recorded in Net sales, Cost of sales, or Other non-operating income (expense), net on the Condensed Consolidated Statements of Operations. Refer to Note 12 for further information regarding reclassifications. The following table sets forth the changes in Accumulated other comprehensive income (loss) for the nine months ended September 30, 2020: (in thousands) Unrealized gains (losses) Unrealized holding Foreign currency Total Balance at December 31, 2019 $ (4) $ 9,482 $ (13,903) $ (4,425) Other comprehensive income before reclassifications — 4,617 3,077 7,694 Amounts reclassified from accumulated other comprehensive income (loss) (1) — (9,639) — (9,639) Net other comprehensive income (loss) during the year — (5,022) 3,077 (1,945) Balance at September 30, 2020 $ (4) $ 4,460 $ (10,826) $ (6,370) (1) Amounts reclassified are recorded in Net sales, Cost of sales, or Other non-operating income (expense), net on the Condensed Consolidated Statements of Operations. Refer to Note 12 for further information regarding reclassifications.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Schedule of Segment Information	The following table presents financial information for the Company's reportable segments: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2021 2020 2021 2020 Net sales to unrelated entities: U.S. $ 510,486 $ 445,620 $ 1,298,213 $ 1,004,733 LAAP 102,754 90,951 292,706 260,912 EMEA 109,150 99,159 268,489 213,298 Canada 82,316 65,362 137,274 106,988 $ 804,706 $ 701,092 $ 1,996,682 $ 1,585,931 Segment operating income: U.S. $ 139,101 $ 96,577 $ 320,819 $ 118,454 LAAP 7,628 4,736 16,347 8,690 EMEA 26,215 18,959 47,809 19,032 Canada 22,849 19,767 29,710 15,142 Total segment operating income 195,793 140,039 414,685 161,318 Unallocated corporate expenses (62,332) (54,396) (175,749) (147,962) Interest income (expense), net 196 (280) 1,072 728 Other non-operating income (expense), net 201 (465) (397) 2,208 Income before income tax $ 133,858 $ 84,898 $ 239,611 $ 16,292

Financial Instruments and Ris_2

Financial Instruments and Risk Management (Tables)	9 Months Ended
	Sep. 30, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Gross Notional Amount of Outstanding Derivatives	The following table presents the gross notional amount of outstanding derivative instruments: (in thousands) September 30, 2021 December 31, 2020 September 30, 2020 Derivative instruments designated as cash flow hedges: Currency forward contracts $ 471,250 $ 417,707 $ 419,402 Derivative instruments not designated as cash flow hedges: Currency forward contracts 247,134 326,280 224,573
Balance Sheet Classification and Fair Value of Derivative Instruments	The following table presents the balance sheet classification and fair value of derivative instruments: (in thousands) Balance Sheet Classification September 30, 2021 December 31, 2020 September 30, 2020 Derivative instruments designated as cash flow hedges: Derivative instruments in asset positions: Currency forward contracts Prepaid expenses and other current assets $ 5,500 $ 947 $ 4,729 Currency forward contracts Other non-current assets 8,723 1,126 3,454 Derivative instruments in liability positions: Currency forward contracts Accrued liabilities 2,164 7,573 2,034 Currency forward contracts Other long-term liabilities 449 6,590 1,186 Derivative instruments not designated as cash flow hedges: Derivative instruments in asset positions: Currency forward contracts Prepaid expenses and other current assets 1,633 1,650 2,211 Currency forward contracts Other non-current assets 109 — — Derivative instruments in liability positions: Currency forward contracts Accrued liabilities 251 2,268 381 Currency forward contracts Other long-term liabilities 17 — — The following table presents the statement of operations effect and classification of derivative instruments: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) Statement Of Operations Classification 2021 2020 2021 2020 Currency Forward Contracts: Derivative instruments designated as cash flow hedges: Gain (loss) recognized in other comprehensive loss, net of tax — $ 8,170 $ (6,398) $ 13,547 $ 4,617 Gain (loss) reclassified from accumulated other comprehensive income (loss) to income for the effective portion Net sales (170) 80 (182) 123 Gain (loss) reclassified from accumulated other comprehensive income (loss) to income for the effective portion Cost of sales (3,257) 6,906 (2,833) 11,527 Gain reclassified from accumulated other comprehensive income (loss) to income as a result of cash flow hedge discontinuance Other non-operating income (expense), net 345 60 451 1,177 Derivative instruments not designated as cash flow hedges: Gain (loss) recognized in income Other non-operating income (expense), net 1,077 (1,795) 355 (465)

Fair Value Measures (Tables)

Fair Value Measures (Tables)	9 Months Ended
	Sep. 30, 2021
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on a Recurring Basis	Assets and liabilities measured at fair value on a recurring basis as of September 30, 2021 are as follows: (in thousands) Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 2,903 $ — $ — $ 2,903 Short-term investments: Money market funds 67 — — 67 Mutual fund shares 1,065 — — 1,065 Other current assets: Derivative financial instruments — 7,133 — 7,133 Non-current assets: Money market funds 3,397 — — 3,397 Mutual fund shares 17,209 — — 17,209 Derivative financial instruments — 8,832 — 8,832 Total assets measured at fair value $ 24,641 $ 15,965 $ — $ 40,606 Liabilities: Accrued liabilities: Derivative financial instruments $ — $ 2,415 $ — $ 2,415 Other long-term liabilities: Derivative financial instruments — 466 — 466 Total liabilities measured at fair value $ — $ 2,881 $ — $ 2,881 Assets and liabilities measured at fair value on a recurring basis at December 31, 2020 are as follows: (in thousands) Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 119,378 $ — $ — $ 119,378 United States government treasury bills — 234,982 — 234,982 Short-term investments: Money market funds 105 — — 105 Mutual fund shares 1,119 — — 1,119 Other current assets: Derivative financial instruments — 2,597 — 2,597 Non-current assets: Money market funds 4,059 — — 4,059 Mutual fund shares 14,657 — — 14,657 Derivative financial instruments — 1,126 — 1,126 Total assets measured at fair value $ 139,318 $ 238,705 $ — $ 378,023 Liabilities: Accrued liabilities: Derivative financial instruments $ — $ 9,841 $ — $ 9,841 Other long-term liabilities: Derivative financial instruments — 6,590 — 6,590 Total liabilities measured at fair value $ — $ 16,431 $ — $ 16,431 Assets and liabilities measured at fair value on a recurring basis at September 30, 2020 are as follows: (in thousands) Level 1 Level 2 Level 3 Total Assets: Cash equivalents: Money market funds $ 56,337 $ — $ — $ 56,337 Short-term investments: Money market funds 70 — — 70 Mutual fund shares 1,025 — — 1,025 Other current assets: Derivative financial instruments — 6,940 — 6,940 Non-current assets: Money market funds 4,621 — — 4,621 Mutual fund shares 11,974 — — 11,974 Derivative financial instruments — 3,454 — 3,454 Total assets measured at fair value $ 74,027 $ 10,394 $ — $ 84,421 Liabilities: Accrued liabilities: Derivative financial instruments $ — $ 2,415 $ — $ 2,415 Other long-term liabilities: Derivative financial instruments — 1,186 — 1,186 Total liabilities measured at fair value $ — $ 3,601 $ — $ 3,601

Revenues (Details)

Revenues (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)segment	Sep. 30, 2020USD ($)
Disaggregation of Revenue [Line Items]
Number of reportable geographic segments | segment			4
Revenue from Contract with Customer, Excluding Assessed Tax	$ 804,706	$ 701,092	$ 1,996,682	$ 1,585,931
Wholesale
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	518,136	471,467	1,155,852	957,330
Direct-to-consumer
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	286,570	229,625	840,830	628,601
United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	510,486	445,620	1,298,213	1,004,733
United States | Wholesale
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	292,357	282,850	669,425	559,052
United States | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	218,129	162,770	628,788	445,681
LAAP
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	102,754	90,951	292,706	260,912
LAAP | Wholesale
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	66,070	50,723	153,689	139,316
LAAP | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	36,684	40,228	139,017	121,596
EMEA
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	109,150	99,159	268,489	213,298
EMEA | Wholesale
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	93,899	85,074	232,215	180,416
EMEA | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	15,251	14,085	36,274	32,882
Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	82,316	65,362	137,274	106,988
Canada | Wholesale
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	65,810	52,820	100,523	78,546
Canada | Direct-to-consumer
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	16,506	12,542	36,751	28,442
Apparel, Accessories and Equipment
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	621,155	510,120	1,543,115	1,206,206
Apparel, Accessories and Equipment | United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	406,187	332,713	1,040,432	793,846
Apparel, Accessories and Equipment | LAAP
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	78,160	70,026	212,921	193,815
Apparel, Accessories and Equipment | EMEA
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	75,399	66,160	186,213	145,100
Apparel, Accessories and Equipment | Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	61,409	41,221	103,549	73,445
Footwear
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	183,551	190,972	453,567	379,725
Footwear | United States
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	104,299	112,907	257,781	210,887
Footwear | LAAP
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	24,594	20,925	79,785	67,097
Footwear | EMEA
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	33,751	32,999	82,276	68,198
Footwear | Canada
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 20,907	$ 24,141	$ 33,725	$ 33,543

INTANGIBLE ASSETS, NET (Schedul

INTANGIBLE ASSETS, NET (Schedule of Identifiable Intangible Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
Summary of Identifiable Intangible Assets [Line Items]
Gross carrying amount	$ 37,198	$ 37,198	$ 37,198
Accumulated amortization	(32,798)	(31,561)	(31,148)
Net carrying amount	4,400	5,637	6,050
Intangible assets not subject to amortization	97,921	97,921	115,421
Intangible Assets, Net (Excluding Goodwill), Total	102,321	103,558	121,471
Patents And Purchased Technology [Member]
Summary of Identifiable Intangible Assets [Line Items]
Gross carrying amount	14,198	14,198	14,198
Accumulated amortization	(14,198)	(14,198)	(14,198)
Customer Relationships [Member]
Summary of Identifiable Intangible Assets [Line Items]
Gross carrying amount	23,000	23,000	23,000
Accumulated amortization	$ (18,600)	$ (17,363)	$ (16,950)

INTANGIBLE ASSETS, NET (Narrati

INTANGIBLE ASSETS, NET (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 0.4	$ 0.6	$ 1.2	$ 2.1

INTANGIBLE ASSETS, NET (Sched_2

INTANGIBLE ASSETS, NET (Schedule of Future Amortization Expense) (Details) $ in Thousands	Dec. 31, 2020USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2021	$ 1,650
2022	1,650
2023	688
2024	0
2025	$ 1,650

Short-Term Borrowings and Cre_2

Short-Term Borrowings and Credit Lines (Narrative) (Details)	Dec. 31, 2021JPY (¥)	Sep. 30, 2021USD ($)	Sep. 30, 2021JPY (¥)	Sep. 30, 2021CNY (¥)
Japanese Subsidiary [Member] | Unsecured And Uncommitted Credit Line1
Line of Credit Facility [Line Items]
Maximum borrowing capacity | $		$ 700,000,000
Japanese Subsidiary [Member] | Unsecured And Uncommitted Credit Line2
Line of Credit Facility [Line Items]
Maximum borrowing capacity			¥ 1,000,000,000
Japanese Subsidiary [Member] | Unsecured And Uncommitted Credit Line2 | Forecast
Line of Credit Facility [Line Items]
Maximum borrowing capacity	¥ 1,500,000,000
Japanese Subsidiary [Member] | Unsecured And Uncommitted Credit Line3
Line of Credit Facility [Line Items]
Maximum borrowing capacity			¥ 400,000,000
Japanese Subsidiary [Member] | Unsecured And Uncommitted Credit Lines 1, 2, And 3
Line of Credit Facility [Line Items]
Maximum borrowing capacity | $		18,800,000
China Subsidiary [Member] | Unsecured And Uncommitted Line Of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity				¥ 140,000,000
China Subsidiary [Member] | Unsecured And Uncommitted Credit Line1
Line of Credit Facility [Line Items]
Maximum borrowing capacity | $		$ 20,000,000

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Effective Income Tax Rate Reconciliation, Percent	(24.90%)	(26.10%)	(17.70%)	(24.80%)

Shareholders' Equity (Narrative

Shareholders' Equity (Narrative) (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2020
Equity [Abstract]
Stock repurchase plan, authorized amount	$ 1,500,000	$ 1,500,000
Aggregate shares repurchased under stock repurchase plan	28,100	28,100
Stock repurchased to date, value	$ 1,145,000	$ 1,145,000
Stock Repurchased During Period, Value	72,342	127,208	$ 132,889
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 355,000	$ 355,000

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details)	9 Months Ended
	Sep. 30, 2021USD ($)$ / sharesshares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures | shares	545,976
Stock options
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Weighted average grant date fair value | $ / shares	$ 17.55
Unrecognized costs related to share based compensation | $	$ 13,000,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 6 months 21 days
Restricted stock units
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Estimated average fair value per restricted stock unit granted | $ / shares	$ 96.06
Unrecognized costs related to share based compensation | $	$ 22,800,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Period for Recognition	2 years 3 months 29 days
Granted, number of shares | shares	175,556

Stock-Based Compensation (Sched

Stock-Based Compensation (Schedule of Stock-Based Compensation Expense) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax stock-based compensation expense	$ 4,664,000	$ 5,090,000	$ 14,487,000	$ 12,802,000
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax stock-based compensation expense	1,500,000	1,775,000	5,271,000	5,234,000
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Pre-tax stock-based compensation expense	$ 3,164,000	$ 3,315,000	$ 9,216,000	$ 7,568,000

Earnings per Share (Narrative)

Earnings per Share (Narrative) (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, number of shares	652,317	1,156,073	810,092	1,282,086

Earnings per Share (Schedule of

Earnings per Share (Schedule of Earnings per Share, Basic and Diluted) (Details) - $ / shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Earnings Per Share [Abstract]
Weighted Average Number of Shares Outstanding, Basic	65,862	66,179	66,182	66,427
Effect of dilutive stock options and restricted stock units	404	358	491	380
Weighted Average Number of Shares Outstanding, Diluted, Total	66,266	66,537	66,673	66,807
Earnings Per Share, Basic	$ 1.53	$ 0.95	$ 2.98	$ 0.18
Earnings Per Share, Diluted	$ 1.52	$ 0.94	$ 2.96	$ 0.18

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Accumulated Other Comprehensive Income, Net of Related Tax Effects) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income at beginning of period	$ (2,156)	$ (5,860)	$ 806	$ (4,425)
Other comprehensive income (loss) before reclassifications	(3,252)	4,777	(5,849)	7,694
Amounts reclassified from other comprehensive income	2,382	(5,287)	2,017	(9,639)
Net other comprehensive income (loss) during the period	(870)	(510)	(3,832)	(1,945)
Accumulated other comprehensive income at end of period	(3,026)	(6,370)	(3,026)	(6,370)
Unrealized Holding Gains (Losses) on Available-For-Sale Securities [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income at beginning of period		(4)		(4)
Other comprehensive income (loss) before reclassifications		0		0
Amounts reclassified from other comprehensive income		0		0
Net other comprehensive income (loss) during the period		0		0
Accumulated other comprehensive income at end of period		(4)		(4)
Unrealized Holding Gains (Losses) on Derivative Transactions [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income at beginning of period	(4,357)	16,145	(9,369)	9,482
Other comprehensive income (loss) before reclassifications	8,170	(6,398)	13,547	4,617
Amounts reclassified from other comprehensive income	2,382	(5,287)	2,017	(9,639)
Net other comprehensive income (loss) during the period	10,552	(11,685)	15,564	(5,022)
Accumulated other comprehensive income at end of period	6,195	4,460	6,195	4,460
Foreign Currency Translation Adjustment [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income at beginning of period	2,201	(22,001)	10,175	(13,903)
Other comprehensive income (loss) before reclassifications	(11,422)	11,175	(19,396)	3,077
Amounts reclassified from other comprehensive income	0	0	0	0
Net other comprehensive income (loss) during the period	(11,422)	11,175	(19,396)	3,077
Accumulated other comprehensive income at end of period	$ (9,221)	$ (10,826)	$ (9,221)	$ (10,826)

Segment Information (Schedule o

Segment Information (Schedule of Segment Information) (Details) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2021USD ($)numberOfCustomers	Mar. 31, 2021	Sep. 30, 2020USD ($)numberOfCustomers	Sep. 30, 2021USD ($)numberOfCustomerssegment	Sep. 30, 2020USD ($)numberOfCustomers	Dec. 31, 2020numberOfCustomers
Segment Reporting Information [Line Items]
Number of reportable geographic segments | segment				4
Revenue from Contract with Customer, Excluding Assessed Tax	$ 804,706		$ 701,092	$ 1,996,682	$ 1,585,931
Income (loss) from operations	133,461		85,643	238,936	13,356
Interest income (expense), net	196		(280)	1,072	728
Other Nonoperating Income (Expense)	$ 201		$ (465)	$ (397)	$ 2,208
Number of customers | numberOfCustomers	1		1	1	1	1
Income before income tax	$ 133,858		$ 84,898	$ 239,611	$ 16,292
Accounts Receivable | Credit Concentration Risk [Member] | Accounts Receivable
Segment Reporting Information [Line Items]
Concentration percentage		14.30%		10.40%
Accounts Receivable | Customer 1 | Credit Concentration Risk [Member] | Accounts Receivable
Segment Reporting Information [Line Items]
Concentration percentage					11.40%
Operating Segments
Segment Reporting Information [Line Items]
Income (loss) from operations	195,793		140,039	$ 414,685	$ 161,318
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Unallocated corporate expense	(62,332)		(54,396)	(175,749)	(147,962)
United States
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	510,486		445,620	1,298,213	1,004,733
United States | Operating Segments
Segment Reporting Information [Line Items]
Income (loss) from operations	139,101		96,577	320,819	118,454
LAAP
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	102,754		90,951	292,706	260,912
LAAP | Operating Segments
Segment Reporting Information [Line Items]
Income (loss) from operations	7,628		4,736	16,347	8,690
EMEA
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	109,150		99,159	268,489	213,298
EMEA | Operating Segments
Segment Reporting Information [Line Items]
Income (loss) from operations	26,215		18,959	47,809	19,032
Canada
Segment Reporting Information [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	82,316		65,362	137,274	106,988
Canada | Operating Segments
Segment Reporting Information [Line Items]
Income (loss) from operations	$ 22,849		$ 19,767	$ 29,710	$ 15,142

Financial Instruments and Ris_3

Financial Instruments and Risk Management (Narrative) (Details)	9 Months Ended
	Sep. 30, 2021USD ($)
Derivatives [Line Items]
Deferred net gains on derivatives accumulated in other comprehensive income expected to be reclassified to net income in next twelve months	$ (300,000)
Maximum
Derivatives [Line Items]
Remaining maturity of derivative contracts	4 years
Aggregate unrealized gain of derivative contracts with single counterparty	$ 3,500,000

Financial Instruments and Ris_4

Financial Instruments and Risk Management (Gross Notional Amount of Outstanding Derivatives) (Details) - Foreign Exchange Forward [Member] - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	$ 471,250	$ 417,707	$ 419,402
Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative, Notional Amount	$ 247,134	$ 326,280	$ 224,573

Financial Instruments and Ris_5

Financial Instruments and Risk Management (Balance Sheet Classification and Fair Value of Derivative Instruments) (Details) - Forward Contracts [Member] - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
Not Designated as Hedging Instrument [Member] | Prepaid Expenses And Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	$ 1,633	$ 1,650	$ 2,211
Not Designated as Hedging Instrument [Member] | Other Noncurrent Assets [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	109	0	0
Not Designated as Hedging Instrument [Member] | Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	251	2,268	381
Not Designated as Hedging Instrument [Member] | Other Long Term Liabilities [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	17	0	0
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Prepaid Expenses And Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	5,500	947	4,729
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Other Noncurrent Assets [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative assets	8,723	1,126	3,454
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	2,164	7,573	2,034
Cash Flow Hedging [Member] | Designated as Hedging Instrument [Member] | Other Long Term Liabilities [Member]
Derivatives, Fair Value [Line Items]
Fair value of derivative liabilities	$ 449	$ 6,590	$ 1,186

Financial Instruments and Ris_6

Financial Instruments and Risk Management (Effect and Classification of Derivative Instuments) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) recognized in other comprehensive income, net of tax	$ 8,170	$ (6,398)	$ 13,547	$ 4,617
Designated as Hedging Instrument [Member] | Cost of Sales | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) reclassified from accumulated other comprehensive income to income for the effective portion	(3,257)	6,906	(2,833)	11,527
Designated as Hedging Instrument [Member] | Sales [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) reclassified from accumulated other comprehensive income to income for the effective portion	(170)	80	(182)	123
Designated as Hedging Instrument [Member] | Other Non-Operating Income (Expense) [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Loss reclassified from accumulated other comprehensive income to income as a result of cash flow hedge discontinuance	345	60	451	1,177
Not Designated as Hedging Instrument [Member] | Other Non-Operating Income (Expense) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Gain (Loss) recognized in income	$ 1,077	$ (1,795)	$ 355	$ (465)

Fair Value Measures (Assets and

Fair Value Measures (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 40,606	$ 378,023	$ 84,421
Liabilities, Fair Value Disclosure	2,881	16,431	3,601
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	24,641	139,318	74,027
Liabilities, Fair Value Disclosure	0	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	15,965	238,705	10,394
Liabilities, Fair Value Disclosure	2,881	16,431	3,601
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0	0
Liabilities, Fair Value Disclosure	0	0	0
Money Market Funds [Member] | Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	2,903	119,378	56,337
Money Market Funds [Member] | Short-term Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	67	105	70
Money Market Funds [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	3,397	4,059	4,621
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member] | Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	2,903	119,378	56,337
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member] | Short-term Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	67	105	70
Money Market Funds [Member] | Fair Value, Inputs, Level 1 [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	3,397	4,059	4,621
Money Market Funds [Member] | Fair Value, Inputs, Level 2 [Member] | Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0	0
Money Market Funds [Member] | Fair Value, Inputs, Level 2 [Member] | Short-term Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0	0
Money Market Funds [Member] | Fair Value, Inputs, Level 2 [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0	0
Money Market Funds [Member] | Fair Value, Inputs, Level 3 [Member] | Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0	0
Money Market Funds [Member] | Fair Value, Inputs, Level 3 [Member] | Short-term Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0	0
Money Market Funds [Member] | Fair Value, Inputs, Level 3 [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0	0
US Treasury Securities [Member] | Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure		234,982
US Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member] | Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure		0
US Treasury Securities [Member] | Fair Value, Inputs, Level 2 [Member] | Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure		234,982
US Treasury Securities [Member] | Fair Value, Inputs, Level 3 [Member] | Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure		0
Derivative Financial Instruments, Assets [Member] | Other Current Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	7,133	2,597	6,940
Derivative Financial Instruments, Assets [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	8,832	1,126	3,454
Derivative Financial Instruments, Assets [Member] | Fair Value, Inputs, Level 1 [Member] | Other Current Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0	0
Derivative Financial Instruments, Assets [Member] | Fair Value, Inputs, Level 1 [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0	0
Derivative Financial Instruments, Assets [Member] | Fair Value, Inputs, Level 2 [Member] | Other Current Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	7,133	2,597	6,940
Derivative Financial Instruments, Assets [Member] | Fair Value, Inputs, Level 2 [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	8,832	1,126	3,454
Derivative Financial Instruments, Assets [Member] | Fair Value, Inputs, Level 3 [Member] | Other Current Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0	0
Derivative Financial Instruments, Assets [Member] | Fair Value, Inputs, Level 3 [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0	0
Derivative Financial Instruments, Liabilities [Member] | Accrued Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities, Fair Value Disclosure	2,415	9,841	2,415
Derivative Financial Instruments, Liabilities [Member] | Other Noncurrent Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities, Fair Value Disclosure	466	6,590	1,186
Derivative Financial Instruments, Liabilities [Member] | Fair Value, Inputs, Level 1 [Member] | Accrued Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities, Fair Value Disclosure	0	0	0
Derivative Financial Instruments, Liabilities [Member] | Fair Value, Inputs, Level 1 [Member] | Other Noncurrent Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities, Fair Value Disclosure	0	0	0
Derivative Financial Instruments, Liabilities [Member] | Fair Value, Inputs, Level 2 [Member] | Accrued Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities, Fair Value Disclosure	2,415	9,841	2,415
Derivative Financial Instruments, Liabilities [Member] | Fair Value, Inputs, Level 2 [Member] | Other Noncurrent Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities, Fair Value Disclosure	466	6,590	1,186
Derivative Financial Instruments, Liabilities [Member] | Fair Value, Inputs, Level 3 [Member] | Accrued Liabilities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities, Fair Value Disclosure	0	0	0
Derivative Financial Instruments, Liabilities [Member] | Fair Value, Inputs, Level 3 [Member] | Other Noncurrent Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Liabilities, Fair Value Disclosure	0	0	0
Mutual Fund | Short-term Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	1,065	1,119	1,025
Mutual Fund | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	17,209	14,657	11,974
Mutual Fund | Fair Value, Inputs, Level 1 [Member] | Short-term Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	1,065	1,119	1,025
Mutual Fund | Fair Value, Inputs, Level 1 [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	17,209	14,657	11,974
Mutual Fund | Fair Value, Inputs, Level 2 [Member] | Short-term Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0	0
Mutual Fund | Fair Value, Inputs, Level 2 [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0	0
Mutual Fund | Fair Value, Inputs, Level 3 [Member] | Short-term Investments [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	0	0	0
Mutual Fund | Fair Value, Inputs, Level 3 [Member] | Other Noncurrent Assets [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Disclosure	$ 0	$ 0	$ 0