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

Fair Value Measures (Tables)

3 Months Ended

Mar. 31, 2019

Assets and liabilities measured at fair value on a recurring basis as of March 31, 2019 were as follows:



(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	125,073	$	—	$	—	$	125,073
Available-for-sale short-term investments⁽¹⁾:
U.S. Government treasury bills	—		270,625		—		270,625
Other short-term investments:
Mutual fund shares	1,978		—		—		1,978
Other current assets:
Derivative financial instruments (Note 15)	—		15,337		—		15,337
Other non-current assets:
Money market funds	1,331		—		—		1,331
Mutual fund shares	9,575		—		—		9,575
Derivative financial instruments (Note 15)	—		10,014		—		10,014
Total assets measured at fair value	$	137,957	$	295,976	$	—	$	433,933
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 15)	$	—	$	498	$	—	$	498
Total liabilities measured at fair value	$	—	$	498	$	—	$	498

⁽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, 2018 were as follows:



(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	122,237	$	—	$	—	$	122,237
U.S. Government treasury bills	—		39,952		—		39,952
Available-for-sale short-term investments⁽¹⁾
U.S. Government treasury bills	—		261,602		—		261,602
Other short-term investments:
Mutual fund shares	1,200		—		—		1,200
Other current assets:
Derivative financial instruments (Note 15)	—		13,615		—		13,615
Other non-current assets:
Money market funds	869		—		—		869
Mutual fund shares	8,606		—		—		8,606
Derivative financial instruments (Note 15)	—		9,922		—		9,922
Total assets measured at fair value	$	132,912	$	325,091	$	—	$	458,003
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 15)	$	—	$	1,017	$	—	$	1,017
Other long-term liabilities:
Derivative financial instruments (Note 15)	—		1		—		1
Total liabilities measured at fair value	$	—	$	1,018	$	—	$	1,018

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

Assets and liabilities measured at fair value on a recurring basis as of March 31, 2018 were as follows:



(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	380,136	$	—	$	—	$	380,136
Time deposits	55,825		—		—		55,825
U.S. Government treasury bills	—		34,983		—		34,983
U.S. Government-backed municipal bonds	—		4,879		—		4,879
Available-for-sale short-term investments⁽¹⁾:
U.S. Government-backed municipal bonds	—		89,567		—		89,567
Other short-term investments:
Mutual funds shares	1,411		—		—		1,411
Other current assets:
Derivative financial instruments (Note 15)	—		2,119		—		2,119
Other non-current assets:
Mutual fund shares	8,679		—		—		8,679
Derivative financial instruments (Note 15)	—		2,492		—		2,492
Total assets measured at fair value	$	446,051	$	134,040	$	—	$	580,091
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 15)	$	—	$	11,372	$	—	$	11,372
Other long-term liabilities:
Derivative financial instruments (Note 15)	—		7,294		—		7,294
Total liabilities measured at fair value	$	—	$	18,666	$	—	$	18,666