Columbia Sportswear's board of directors has authorized the company to spend an additional $200 million on the repurchase of its own shares. Since 2014, Columbia has purchased back 3.4 million shares at an average price of $56 per share, equivalent to $190.4 million. Since the beginning of this year, it bought back a total of 939,560 shares, including a lot of 393,518 shares since the release of its second-quarter results on July 26.
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