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

Fair Value Measures (Tables)

9 Months Ended

Sep. 30, 2014

Assets and liabilities measured at fair value on a recurring basis at September 30, 2014 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Money market funds	$	79,266	$	—	$	—	$	79,266
Time deposits	25,167		—		—		25,167
Short-term investments
Mutual fund shares	537		—		—		537
Other current assets
Derivative financial instruments (Note 12)	—		8,694		—		8,694
Other non-current assets
Mutual fund shares	5,247		—		—		5,247
Total assets measured at fair value	$	110,217	$	8,694	$	—	$	118,911

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 12)	—		4,892		—		4,892
Non-current assets
Derivative financial instruments (Note 12)	—		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 12)	$	—	$	1,152	$	—	$	1,152
Other long-term liabilities
Derivative financial instruments (Note 12)	—		95		—		95
Total liabilities measured at fair value	$	—	$	1,247	$	—	$	1,247

Assets and liabilities measured at fair value on a recurring basis at September 30, 2013 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Money market funds	$	153,382	$	—	$	—	$	153,382
Time deposits	25,092		—		—		25,092
U.S. Government-backed repurchase agreements	—		25,000		—		25,000
U.S. Government-backed municipal bonds	—		3,218		—		3,218
Available-for-sale short-term investments⁽¹⁾
Certificates of deposit	—		1,470		—		1,470
Variable-rate demand notes	—		27,320		—		27,320
Other short-term investments
Mutual funds shares	259		—		—		259
Other current assets
Derivative financial instruments (Note 12)	—		1,929		—		1,929
Other non-current assets
Mutual fund shares	4,560		—		—		4,560
Total assets measured at fair value	$	183,293	$	58,937	$	—	$	242,230
Liabilities:
Accrued liabilities
Derivative financial instruments (Note 12)	$	—	$	599	$	—	$	599
Total liabilities measured at fair value	$	—	$	599	$	—	$	599


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