Columbia Sportswear Company Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measures (Tables)

6 Months Ended

Jun. 30, 2017

Assets and liabilities measured at fair value on a recurring basis as of June 30, 2017 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	307,724	$	—	$	—	$	307,724
Time deposits	66,217		—		—		66,217
U.S. Government-backed municipal bonds	—		97,738		—		97,738
Other short-term investments:
Mutual fund shares	1,591		—		—		1,591
Other current assets:
Derivative financial instruments (Note 10)	—		2,153		—		2,153
Other non-current assets:
Derivative financial instruments (Note 10)	—		816		—		816
Mutual fund shares	8,298		—		—		8,298
Total assets measured at fair value	$	383,830	$	100,707	$	—	$	484,537
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 10)	$	—	$	4,067	$	—	$	4,067
Other long-term liabilities:
Derivative financial instruments (Note 10)	—		1,665		—		1,665
Total liabilities measured at fair value	$	—	$	5,732	$	—	$	5,732

Assets and liabilities measured at fair value on a recurring basis as of December 31, 2016 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	299,769	$	—	$	—	$	299,769
Time deposits	73,127		—		—		73,127
Other short-term investments:
Mutual fund shares	472		—		—		472
Other current assets:
Derivative financial instruments (Note 10)	—		11,166		—		11,166
Other non-current assets:
Derivative financial instruments (Note 10)	—		1,969		—		1,969
Mutual fund shares	8,411		—		—		8,411
Total assets measured at fair value	$	381,779	$	13,135	$	—	$	394,914
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 10)	$	—	$	286	$	—	$	286
Total liabilities measured at fair value	$	—	$	286	$	—	$	286

Assets and liabilities measured at fair value on a recurring basis as of June 30, 2016 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	166,000	$	—	$	—	$	166,000
Time deposits	105,212		—		—		105,212
Reverse repurchase agreements	—		30,000		—		30,000
U.S. Government-backed municipal bonds	—		12,149		—		12,149
Available-for-sale short-term investments⁽¹⁾:
U.S. Government-backed municipal bonds	—		12,410		—		12,410
Other short-term investments:
Mutual funds shares	449		—		—		449
Other current assets:
Derivative financial instruments (Note 10)	—		2,686		—		2,686
Other non-current assets:
Derivative financial instruments (Note 10)	—		1,079		—		1,079
Mutual fund shares	7,874		—		—		7,874
Total assets measured at fair value	$	279,535	$	58,324	$	—	$	337,859
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 10)	$	—	$	7,714	$	—	$	7,714
Other long-term liabilities
Derivative financial instruments (Note 10)	—		1,456		—		1,456
Total liabilities measured at fair value	$	—	$	9,170	$	—	$	9,170