EXHIBIT (21) SUBSIDIARIES OF K2 INC. PERCENTAGE OF VOTING SECURITIES OWNED OR SUBJECT TO VOTING CONTROL BY ------------------------------- COMPANY OTHER ------- ----- Shakespeare Company, a Delaware corporation 100% Subsidiaries of Shakespeare Company: Shakespeare (Hong Kong) Ltd., a Hong Kong corporation 100% Subsidiary of Shakespeare (Hong Kong) Ltd.: Pacific Rim Metallic Products Ltd., a Hong Kong corporation 100% Shakespeare International Ltd., a British corporation 100% Subsidiaries of Shakespeare International Ltd.: Shakespeare Company (UK) Ltd., a British corporation 100% Shakespeare Monofilament U.K. Ltd., a British corporation 100% Shakespeare Hengelsport, B.V., a Dutch corporation 100% Shakespeare (Australia) Pty. Ltd., an Australian corporation 100% K2 Ski Sport und Mode GmbH, a German corporation 100% Sitca Corporation, a Washington corporation 100% Subsidiaries of Sitca Corporation: K-2 Corporation, an Indiana corporation 100% Subsidiaries of K-2 Corporation: Planet Earth Skateboards, Inc., a California corporation 100% K-2 International, Inc., an Indiana corporation 100% K2 Japan Corporation, a Japanese corporation 100% Madshus A.S., a Norwegian corporation 100% SMCA, Inc., a Minnesota corporation 100% Subsidiary of SMCA, Inc.: Stearns Inc., a Minnesota corporation 100% Ride, Inc., a Washington corporation 100% Subsidiaries of Ride, Inc.: Ride Snowboard Company, a Washington corporation 100% Ride Manufacturing, Inc, a California corporation 100% SMP Clothing, Inc., a Washington corporation 100% Smiley Hats, Inc., a Nevada corporation 100% K2 Corporation of Canada, a Canadian corporation 100% K2 Funding, Inc., a Delaware corporation 100% Anthony Sales (Barbados), Ltd., a Barbados corporation 100%