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We are involved in litigation and various legal matters arising in the normal course of business, including matters related to employment, retail, intellectual property, contractual agreements, and various regulatory compliance activities.
−Removed: We have considered facts related to legal and regulatory matters and opinions of counsel handling these matters and do not believe the ultimate resolution of these proceedings will have a material adverse effect on our financial condition, results of operations or cash flows.
+Added: Refer to Note 15 in Part II, Item 8 of this Annual Report on Form 10-K for additional information.
+Added: COLUMBIA SPORTSWEAR COMPANY | 2025 FORM 10-K | 19
+Added: In December 2025, the Company filed a lawsuit in the U.S.
+Added: Court of International Trade (“CIT”) challenging the legality of incremental tariffs and seeking a refund of incremental tariffs paid by the Company.
+Added: The Company filed a Consent Motion to Consolidate this case with related cases under AGS Company Automotive Solutions v.
+Added: United States Customs and Border Protection et al.
+Added: To facilitate the administration of new cases that continue to be filed challenging the imposition of incremental tariffs, the case was stayed pending the final outcome of V.O.S.
+Added: Selections, Inc.
+Added: United States (“V.O.S”), which held that IEEPA does not authorize a U.S.
+Added: President to impose tariffs, and the CIT’s determination of appropriate next steps.
+Added: On February 20, 2026, the U.S.
+Added: Supreme Court held in Learning Resources, Inc.
+Added: Trump (“Learning Resources”) that IEEPA does not authorize a U.S.
+Added: President to impose tariffs during peacetime national emergencies and that the challenge to the legality of the incremental tariffs was within the exclusive jurisdiction of the CIT, thus affirming the decision in V.O.S.
+Added: Therefore, the outcome of the Company’s matter at the CIT may impact our ability to recover the approximately $50 million in incremental tariffs that we paid in 2025, in addition to the incremental tariffs we have paid in 2026.
MINE SAFETY DISCLOSURES
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.