Columbia Sportswear Company Annual report pursuant to Section 13 and 15(d)

Fair Value Measures (Tables)

12 Months Ended

Dec. 31, 2015

Dec. 31, 2014

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



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Money market funds	$	114,247	$	—	$	—	$	114,247
Time deposits	63,327		—		—		63,327
Other short-term investments
Mutual fund shares	629		—		—		629
Other current assets
Derivative financial instruments (Note 20)	—		6,722		—		6,722
Non-current assets
Derivative financial instruments (Note 20)	—		566		—		566
Mutual fund shares	6,887		—		—		6,887
Total assets measured at fair value	$	185,090	$	7,288	$	—	$	192,378
Liabilities:
Accrued liabilities
Derivative financial instruments (Note 20)	$	—	$	1,917	$	—	$	1,917
Total liabilities measured at fair value	$	—	$	1,917	$	—	$	1,917

Assets and liabilities measured at fair value on a recurring basis at 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
Short-term municipal bond fund	—		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 20)	—		12,747		—		12,747
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 20)	$	—	$	924	$	—	$	924
Total liabilities measured at fair value	$	—	$	924	$	—	$	924