EXHIBIT (21)

SUBSIDIARIES OF K2 INC.

|                                                                        |                                                              | Percentage of voting securities owned or subject to voting control by |    
|----------------------------------------------------------------------- | ------------------------------------------------------------ | --------------------------------------------------------------------- | ---
|
|Shakespeare Conductive Fibers, LLC a Delaware limited liability company |                                                              | 100                                                                   | %  
|Shakespeare Company, LLC a Delaware limited liability company           |                                                              | 100                                                                   | %  
|Subsidiaries of Shakespeare Company, LLC:                               |                                                              |                                                                       |    
|                                                                        | Shakespeare (Hong Kong) Ltd., a Hong Kong corporation        |                                                                       |    
|                                                                        | Subsidiary of Shakespeare (Hong Kong) Ltd.:                  |                                                                       |    
|                                                                        |                                                              | Pacific Rim Metallic Products Ltd., a Hong Kong corporation           |    
|                                                                        | Shakespeare International Ltd., a British corporation        |                                                                       |    
|                                                                        | Subsidiaries of Shakespeare International Ltd.:              |                                                                       |    
|                                                                        |                                                              | Shakespeare Company (UK) Ltd., a British corporation                  |    
|                                                                        |                                                              | Shakespeare Monofilament U.K. Ltd., a British corporation             |    
|                                                                        | Shakespeare Hengelsport, B.V., a Dutch corporation           |                                                                       |    
|                                                                        | Shakespeare (Australia) Pty. Ltd., an Australian corporation |                                                                       |    
|                                                                        | K2 Ski Sport und Mode GmbH, a German corporation             |                                                                       |    
|Sitca Corporation, a Washington corporation                             |                                                              | 100                                                                   | %  
|Subsidiaries of Sitca Corporation:                                      |                                                              |                                                                       |    
|                                                                        | K-2 Corporation, an Indiana corporation                      |                                                                       |    
|                                                                        | Subsidiaries of K-2 Corporation:                             |                                                                       |    
|                                                                        |                                                              | Planet Earth Skateboards, Inc., a California corporation              |    
|                                                                        |                                                              | K-2 International, Inc., an Indiana corporation                       |    
|                                                                        |                                                              | K2 Japan Corporation, a Japanese corporation                          |    
|                                                                        |                                                              | Madshus A.S., a Norwegian corporation                                 |    
|SMCA, Inc., a Minnesota corporation                                     |                                                              | 100                                                                   | %  
|Subsidiary of SMCA, Inc.:                                               |                                                              |                                                                       |    
|                                                                        | Stearns Inc., a Minnesota corporation                        |                                                                       | 100
|Ride, Inc., a Washington corporation                                    |                                                              |                                                                       |    
|Subsidiaries of Ride, Inc.:                                             |                                                              |                                                                       |    
|                                                                        | Ride Snowboard Company, a Washington corporation             |                                                                       |    
|                                                                        | Ride Manufacturing, Inc, a California corporation            |                                                                       |    
|                                                                        | SMP Clothing, Inc., a Washington corporation                 |                                                                       |    
|                                                                        | Smiley Hats, Inc., a Nevada corporation                      |                                                                       |    
|                                                                        | Carve, Inc., a Washington corporation                        |                                                                       |    
|                                                                        | Preston Binding Company, a Washington corporation            |                                                                       |    
|K2 Corporation of Canada, a Canadian corporation                        |                                                              | 100                                                                   | %  
|K2 Funding, Inc., a Delaware corporation                                |                                                              | 100                                                                   | %  
|K2 Worldwide Company, a Cayman Island limited company                   |                                                              | 100                                                                   | %  

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