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

Fair Value Measures (Tables)

6 Months Ended

Jun. 30, 2012

Assets and liabilities measured at fair value on a recurring basis at June 30, 2012 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Money market funds	$	85,373	$	—	$	—	$	85,373
Time deposits	10,012		—		—		10,012
Certificates of deposit	—		3,294		—		3,294
U.S. Government-backed municipal bonds	—		28,456		—		28,456
Available-for-sale short-term investments⁽¹⁾
Certificates of deposit	—		4,598		—		4,598
Time deposits	—		2,109		—		2,109
Variable-rate demand notes	—		9,870		—		9,870
U.S. Government-backed municipal bonds	—		18,689		—		18,689
Other current assets
Derivative financial instruments (Note 10)	—		7,546		—		7,546
Other non-current assets
Mutual fund shares	3,566		—		—		3,566
Total assets measured at fair value	$	98,951	$	74,562	$	—	$	173,513
Liabilities:
Accrued liabilities
Derivative financial instruments (Note 10)	$	—	$	1,900	$	—	$	1,900
Total liabilities measured at fair value	$	—	$	1,900	$	—	$	1,900

Assets and liabilities measured at fair value on a recurring basis at December 31, 2011 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Money market funds	$	55,542	$	—	$	—	$	55,542
Time deposits	10,000		—		—		10,000
Available-for-sale short-term investments⁽¹⁾
Time deposits	2,878		—		—		2,878
Other current assets
Derivative financial instruments (Note 10)	—		7,236		—		7,236
Other non-current assets
Derivative financial instruments (Note 10)	—		1,117		—		1,117
Mutual fund shares	2,521		—		—		2,521
Total assets measured at fair value	$	70,941	$	8,353	$	—	$	79,294
Liabilities:
Accrued liabilities
Derivative financial instruments (Note 10)	$	—	$	3,786	$	—	$	3,786
Other long-term liabilities
Derivative financial instruments (Note 10)	—		91		—		91
Total liabilities measured at fair value	$	—	$	3,877	$	—	$	3,877

Assets and liabilities measured at fair value on a recurring basis at June 30, 2011 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Money market funds	$	136,840	$	—	$	—	$	136,840
Time deposits	21,659		—		—		21,659
Available-for-sale short-term investments⁽¹⁾
Short-term municipal bond fund	25,864		—		—		25,864
Time deposits	2,856		—		—		2,856
U.S. Government-backed municipal bonds	—		62,122		—		62,122
Other current assets
Derivative financial instruments (Note 10)	—		218		—		218
Other non-current assets
Mutual fund shares	2,480		—		—		2,480
Total assets measured at fair value	$	189,699	$	62,340	$	—	$	252,039
Liabilities:
Accrued liabilities
Derivative financial instruments (Note 10)	$	—	$	7,681	$	—	$	7,681
Total liabilities measured at fair value	$	—	$	7,681	$	—	$	7,681


⁽¹⁾	Investments have remaining maturities greater than three months but less than two years and are available for use in current operations.