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

Fair Value Measures (Tables)

6 Months Ended

Jun. 30, 2020

Assets and liabilities measured at fair value on a recurring basis as of June 30, 2020 were as follows:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	151,823	$	—	$	—	$	151,823




Other short-term investments:
Money market funds	51		—		—		51
Mutual fund shares	924		—		—		924
Other current assets:
Derivative financial instruments	—		15,480		—		15,480
Other non-current assets:
Money market funds	4,173		—		—		4,173
Mutual fund shares	11,425		—		—		11,425
Derivative financial instruments	—		6,775		—		6,775
Total assets measured at fair value	$	168,396	$	22,255	$	—	$	190,651
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	604	$	—	$	604


Total liabilities measured at fair value	$	—	$	604	$	—	$	604

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


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	288,926	$	—	$	—	$	288,926
United States government treasury bills	—		34,928		—		34,928
Commercial paper	—		33,587		—		33,587






Other short-term investments:
Mutual fund shares	1,668		—		—		1,668
Other current assets:
Derivative financial instruments	—		14,001		—		14,001
Non-current assets:
Money market funds	1,792		—		—		1,792
Mutual fund shares	12,172		—		—		12,172
Derivative financial instruments	—		4,159		—		4,159
Total assets measured at fair value	$	304,558	$	86,675	$	—	$	391,233
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	2,266	$	—	$	2,266
Other long-term liabilities:
Derivative financial instruments	—		768		—		768
Total liabilities measured at fair value	$	—	$	3,034	$	—	$	3,034

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


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	130,097	$	—	$	—	$	130,097





Available-for-sale short-term investments:⁽¹⁾




United States government treasury bills	—		136,721		—		136,721

Other short-term investments:
Mutual funds shares	1,477		—		—		1,477
Other current assets:
Derivative financial instruments	—		13,573		—		13,573
Other non-current assets:
Money market funds	1,312		—		—		1,312
Mutual fund shares	10,954		—		—		10,954
Derivative financial instruments	—		6,776		—		6,776
Total assets measured at fair value	$	143,840	$	157,070	$	—	$	300,910
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	2,090	$	—	$	2,090
Other long-term liabilities:
Derivative financial instruments	—		140		—		140
Total liabilities measured at fair value	$	—	$	2,230	$	—	$	2,230