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

Fair Value Measures (Tables)

3 Months Ended

Mar. 31, 2014

Assets and liabilities measured at fair value on a recurring basis at March 31, 2014 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Money market funds	$	269,786	$	—	$	—	$	269,786
Time deposits	25,129		14,088		—		39,217
Reverse repurchase agreements	—		55,000		—		55,000
Available-for-sale short-term investments⁽¹⁾
Short-term municipal bond fund	15,028		—		—		15,028
Certificates of deposit	—		9,795		—		9,795
U.S. Government-backed municipal bonds	—		14,185		—		14,185
Other short-term investments
Mutual fund shares	529		—		—		529
Other current assets
Derivative financial instruments (Note 11)	—		2,703		—		2,703
Other non-current assets
Derivative financial instruments (Note 11)	—		128		—		128
Mutual fund shares	5,390		—		—		5,390
Total assets measured at fair value	$	315,862	$	95,899	$	—	$	411,761
Liabilities:
Accrued liabilities
Derivative financial instruments (Note 11)	$	—	$	1,017	$	—	$	1,017
Other long-term liabilities
Derivative financial instruments (Note 11)	—		33		—		33
Total liabilities measured at fair value	$	—	$	1,050	$	—	$	1,050

Assets and liabilities measured at fair value on a recurring basis at December 31, 2013 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Money market funds	$	175,624	$	—	$	—	$	175,624
Time deposits	25,111		9,526		—		34,637
Certificates of deposit	—		735		—		735
Reverse repurchase agreements	—		45,000		—		45,000
U.S. Government-backed municipal bonds	—		9,898		—		9,898
Available-for-sale short-term investments⁽¹⁾
Short-term municipal bond fund	15,004		—		—		15,004
Certificates of deposit	—		9,546		—		9,546
Variable-rate demand notes	—		52,105		—		52,105
U.S. Government-backed municipal bonds	—		14,764		—		14,764
Other short-term investments
Mutual fund shares	336		—		—		336
Other current assets
Derivative financial instruments (Note 11)	—		4,892		—		4,892
Non-current assets
Derivative financial instruments (Note 11)	—		24		—		24
Mutual fund shares	4,855		—		—		4,855
Total assets measured at fair value	$	220,930	$	146,490	$	—	$	367,420
Liabilities:
Accrued liabilities
Derivative financial instruments (Note 11)	$	—	$	1,152	$	—	$	1,152
Other long-term liabilities
Derivative financial instruments (Note 11)	—		95		—		95
Total liabilities measured at fair value	$	—	$	1,247	$	—	$	1,247

Assets and liabilities measured at fair value on a recurring basis at March 31, 2013 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Money market funds	$	130,794	$	—	$	—	$	130,794
Time deposits	25,054		1,800		—		26,854
U.S. Government-backed repurchase agreements	—		50,000		—		50,000
Available-for-sale short-term investments⁽¹⁾
Certificates of deposit	—		7,599		—		7,599
Variable-rate demand notes	—		31,500		—		31,500
U.S. Government-backed municipal bonds	—		31,889		—		31,889
Other current assets
Derivative financial instruments (Note 11)	—		5,065		—		5,065
Other non-current assets
Mutual fund shares	4,513		—		—		4,513
Total assets measured at fair value	$	160,361	$	127,853	$	—	$	288,214
Liabilities:
Accrued liabilities
Derivative financial instruments (Note 11)	$	—	$	803	$	—	$	803
Total liabilities measured at fair value	$	—	$	803	$	—	$	803


⁽¹⁾	Investments have remaining maturities greater than three months but less than two years and are available for use in current operations.