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

Fair Value Measures (Tables)

9 Months Ended

Sep. 30, 2023

Sep. 30, 2022

Assets and liabilities measured at fair value on a recurring basis as of September 30, 2023 are as follows:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	60,120	$	—	$	—	$	60,120

Time deposits (1)	—		19,412		—		19,412
Short-term investments:



Money market funds	302		—		—		302
Mutual fund shares	1,172		—		—		1,172
Prepaid expenses and other current assets:
Derivative financial instruments	—		21,606		—		21,606
Other non-current assets:
Money market funds	1,699		—		—		1,699
Mutual fund shares	21,879		—		—		21,879
Derivative financial instruments	—		6,511		—		6,511
Total assets measured at fair value	$	85,172	$	47,529	$	—	$	132,701
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	2,361	$	—	$	2,361
Other long-term liabilities:
Derivative financial instruments	—		104		—		104
Total liabilities measured at fair value	$	—	$	2,465	$	—	$	2,465

(1) Time deposits are carried at amortized cost on the unaudited Condensed Consolidated Balance Sheet, which reasonably approximates fair value.

Assets and liabilities measured at fair value on a recurring basis as of September 30, 2022 are as follows:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:




Short-term investments:



Money market funds	$	79	$	—	$	—	$	79
Mutual fund shares	893		—		—		893
Prepaid expenses and other current assets:
Derivative financial instruments	—		35,201		—		35,201
Other non-current assets:
Money market funds	1,201		—		—		1,201
Mutual fund shares	17,332		—		—		17,332
Derivative financial instruments	—		13,919		—		13,919
Total assets measured at fair value	$	19,505	$	49,120	$	—	$	68,625
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	1,514	$	—	$	1,514
Other long-term liabilities:
Derivative financial instruments	—		436		—		436
Total liabilities measured at fair value	$	—	$	1,950	$	—	$	1,950

Assets and liabilities measured at fair value on a recurring basis as of December 31, 2022 are as follows:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	120,481	$	—	$	—	$	120,481


Short-term investments:



Money market funds	80		—		—		80
Mutual fund shares	642		—		—		642
Prepaid expenses and other current assets:
Derivative financial instruments	—		23,333		—		23,333
Other non-current assets:
Money market funds	1,456		—		—		1,456
Mutual fund shares	19,026		—		—		19,026
Derivative financial instruments	—		7,153		—		7,153
Total assets measured at fair value	$	141,685	$	30,486	$	—	$	172,171
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	3,782	$	—	$	3,782
Other long-term liabilities:
Derivative financial instruments	—		1,770		—		1,770
Total liabilities measured at fair value	$	—	$	5,552	$	—	$	5,552