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

Fair Value Measures (Tables)

3 Months Ended

Mar. 31, 2015

Assets and liabilities measured at fair value on a recurring basis as of March 31, 2015 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Money market funds	$	101,241	$	—	$	—	$	101,241
Time deposits	45,221		—		—		45,221
Certificates of deposit	—		2,205		—		2,205
Reverse repurchase agreements	—		50,000		—		50,000
U.S. Government-backed municipal bonds	—		480		—		480
Available-for-sale short-term investments⁽¹⁾
Certificates of deposit	—		13,453		—		13,453
U.S. Government-backed municipal bonds	—		39,119		—		39,119
Other short-term investments
Mutual fund shares	366		—		—		366
Other current assets
Derivative financial instruments (Note 11)	—		15,787		—		15,787
Other non-current assets
Mutual fund shares	7,016		—		—		7,016
Total assets measured at fair value	$	153,844	$	121,044	$	—	$	274,888
Liabilities:
Accrued liabilities
Derivative financial instruments (Note 11)	$	—	$	123	$	—	$	123
Total liabilities measured at fair value	$	—	$	123	$	—	$	123

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



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Money market funds	$	94,112	$	—	$	—	$	94,112
Time deposits	45,187		—		—		45,187
Certificates of deposit	—		1,470		—		1,470
Reverse repurchase agreements	—		40,000		—		40,000
U.S. Government-backed municipal bonds	—		5,812		—		5,812
Available-for-sale short-term investments⁽¹⁾
Certificates of deposit	—		3,184		—		3,184
U.S. Government-backed municipal bonds	—		23,598		—		23,598
Other short-term investments
Mutual fund shares	485		—		—		485
Other current assets
Derivative financial instruments (Note 11)	—		12,747		—		12,747
Other non-current assets
Mutual fund shares	6,039		—		—		6,039
Total assets measured at fair value	$	145,823	$	86,811	$	—	$	232,634
Liabilities:
Accrued liabilities
Derivative financial instruments (Note 11)	$	—	$	924	$	—	$	924
Total liabilities measured at fair value	$	—	$	924	$	—	$	924

Assets and liabilities measured at fair value on a recurring basis as of 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
U.S. Government-backed 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 funds 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


⁽¹⁾	Investments have remaining maturities of less than one year.