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

Fair Value Measures (Tables)

6 Months Ended

Jun. 30, 2024

Assets and liabilities measured at fair value on a recurring basis as of June 30, 2024 are as follows:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	20,204	$	—	$	—	$	20,204
U.S. Government treasury bills	—		34,813		—		34,813
Time deposits (1)	—		47,781		—		47,781
Short-term investments:
Available-for-sale short-term investments: (2)
U.S. Government treasury bills	—		367,031		—		367,031
Other short-term investments:
Money market funds	343		—		—		343
Mutual fund shares	1,902		—		—		1,902
Prepaid expenses and other current assets:
Derivative financial instruments	—		16,734		—		16,734
Other non-current assets:
Money market funds	1,502		—		—		1,502
Mutual fund shares	26,343		—		—		26,343
Derivative financial instruments	—		6,492		—		6,492
Total assets measured at fair value	$	50,294	$	472,851	$	—	$	523,145
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	2,099	$	—	$	2,099
Other long-term liabilities:
Derivative financial instruments	—		65		—		65
Total liabilities measured at fair value	$	—	$	2,164	$	—	$	2,164

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

(2) Available-for-sale short-term investments have remaining maturities of less than one year.

Assets and liabilities measured at fair value on a recurring basis as of December 31, 2023 are as follows:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	75,758	$	—	$	—	$	75,758
U.S. Government treasury bills	—		9,977		—		9,977
Time deposits (1)	—		40,876		—		40,876
Short-term investments:
Available-for-sale short-term investments: (2)
U.S. Government treasury bills	—		412,987		—		412,987
Other short-term investments:
Money market funds	314		—		—		314
Mutual fund shares	884		—		—		884
Prepaid expenses and other current assets:
Derivative financial instruments	—		10,200		—		10,200
Other non-current assets:
Money market funds	1,796		—		—		1,796
Mutual fund shares	24,808		—		—		24,808
Derivative financial instruments	—		961		—		961
Total assets measured at fair value	$	103,560	$	475,001	$	—	$	578,561
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	6,390	$	—	$	6,390
Other long-term liabilities:
Derivative financial instruments	—		2,629		—		2,629
Total liabilities measured at fair value	$	—	$	9,019	$	—	$	9,019

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

(2) Available-for-sale short-term investments have remaining maturities of less than one year.

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


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	60,565	$	—	$	—	$	60,565


Short-term investments:
Available-for-sale short-term investments: (1)
U.S. Government treasury bills	—		69,751		—		69,751
Other short-term investments:
Money market funds	287		—		—		287
Mutual fund shares	1,187		—		—		1,187
Prepaid expenses and other current assets:
Derivative financial instruments	—		19,308		—		19,308
Other non-current assets:
Money market funds	1,688		—		—		1,688
Mutual fund shares	22,137		—		—		22,137
Derivative financial instruments	—		3,535		—		3,535
Total assets measured at fair value	$	85,864	$	92,594	$	—	$	178,458
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	5,165	$	—	$	5,165
Other long-term liabilities:
Derivative financial instruments	—		1,532		—		1,532
Total liabilities measured at fair value	$	—	$	6,697	$	—	$	6,697

(1) Available-for-sale short-term investments have remaining maturities of less than one year.