Earnings per Share

3 Months Ended

Mar. 31, 2025


NOTE 5 — 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 March 31,
(in thousands, except per share amounts)		2025		2024
Weighted average common shares outstanding, used in computing basic earnings per share		55,734		59,823
Effect of dilutive stock options and restricted stock units		249		175
Weighted average common shares outstanding, used in computing diluted earnings per share		55,983		59,998

Earnings per share:
Basic		$	0.76	$	0.71
Diluted		$	0.75	$	0.71

Weighted average common shares excluded (1)		1,720		1,996

(1) Common stock related to stock options, time-based restricted stock units, market-based restricted stock units, and performance-based restricted stock units were outstanding but were excluded from the computation of diluted EPS because their effect would be anti-dilutive under the treasury stock method or because the shares were subject to performance conditions that had not been met.

COLUMBIA SPORTSWEAR CO 10-Q