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

Fair Value Measures (Tables)

9 Months Ended

Sep. 30, 2018

Assets and liabilities measured at fair value on a recurring basis as of September 30, 2018 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	70,573	$	—	$	—	$	70,573
Available-for-sale short-term investments⁽¹⁾:
U.S. Government treasury bills	—		267,861		—		267,861
Other short-term investments:
Mutual fund shares	1,452		—		—		1,452
Other current assets:
Derivative financial instruments (Note 12)	—		8,127		—		8,127
Other non-current assets:
Derivative financial instruments (Note 12)	—		7,963		—		7,963
Mutual fund shares	9,950		—		—		9,950
Total assets measured at fair value	$	81,975	$	283,951	$	—	$	365,926
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 12)	$	—	$	738	$	—	$	738
Total liabilities measured at fair value	$	—	$	738	$	—	$	738

⁽¹⁾Investments have remaining maturities of less than one year.

Assets and liabilities measured at fair value on a recurring basis as of December 31, 2017 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	282,860	$	—	$	—	$	282,860
Time deposits	52,808		—		—		52,808
U.S. Government treasury bills	—		4,995		—		4,995
U.S. Government-backed municipal bonds	—		25,338		—		25,338
Available-for-sale short-term investments⁽¹⁾
U.S. Government treasury bills	—		19,963		—		19,963
U.S. Government-backed municipal bonds	—		73,582		—		73,582
Other short-term investments:
Mutual fund shares	1,438		—		—		1,438
Other current assets:
Derivative financial instruments (Note 12)	—		2,331		—		2,331
Non-current assets:
Derivative financial instruments (Note 12)	—		335		—		335
Mutual fund shares	9,319		—		—		9,319
Total assets measured at fair value	$	346,425	$	126,544	$	—	$	472,969
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 12)	$	—	$	10,565	$	—	$	10,565
Other long-term liabilities
Derivative financial instruments (Note 12)	—		3,820		—		3,820
Total liabilities measured at fair value	$	—	$	14,385	$	—	$	14,385

⁽¹⁾Investments have remaining maturities of less than one year.

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



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	236,909	$	—	$	—	$	236,909
Time deposits	52,719		—		—		52,719
U.S. Government-backed municipal bonds	—		3,072		—		3,072
Available-for-sale short-term investments⁽¹⁾:
U.S. Government-backed municipal bonds	—		16,828		—		16,828
Other short-term investments:
Mutual funds shares	1,641		—		—		1,641
Other current assets:
Derivative financial instruments (Note 12)	—		2,889		—		2,889
Other non-current assets:
Derivative financial instruments (Note 12)	—		509		—		509
Mutual fund shares	8,772		—		—		8,772
Total assets measured at fair value	$	300,041	$	23,298	$	—	$	323,339
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 12)	$	—	$	10,559	$	—	$	10,559
Other long-term liabilities
Derivative financial instruments (Note 12)	—		3,048		—		3,048
Total liabilities measured at fair value	$	—	$	13,607	$	—	$	13,607