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

Fair Value Measures (Tables)

9 Months Ended

Sep. 30, 2019

Assets and liabilities measured at fair value on a recurring basis as of September 30, 2019 were as follows:



(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	72,941	$	—	$	—	$	72,941
Other short-term investments:
Mutual fund shares	1,477		—		—		1,477
Other current assets:
Derivative financial instruments (Note 15)	—		18,460		—		18,460
Other non-current assets:
Money market funds	1,528		—		—		1,528
Mutual fund shares	11,362		—		—		11,362
Derivative financial instruments (Note 15)	—		4,830		—		4,830
Total assets measured at fair value	$	87,308	$	23,290	$	—	$	110,598
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 15)	$	—	$	521	$	—	$	521
Other long-term liabilities:
Derivative financial instruments (Note 15)	—		109		—		109
Total liabilities measured at fair value	$	—	$	630	$	—	$	630

⁽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 September 30, 2018 were 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 funds shares	1,452		—		—		1,452
Other current assets:
Derivative financial instruments (Note 15)	—		8,127		—		8,127
Other non-current assets:
Mutual fund shares	9,950		—		—		9,950
Derivative financial instruments (Note 15)	—		7,963		—		7,963
Total assets measured at fair value	$	81,975	$	283,951	$	—	$	365,926
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 15)	$	—	$	738	$	—	$	738
Total liabilities measured at fair value	$	—	$	738	$	—	$	738