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

Fair Value Measures (Tables)

3 Months Ended

Mar. 31, 2016

Assets and liabilities measured at fair value on a recurring basis as of March 31, 2016 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	147,379	$	—	$	—	$	147,379
Time deposits	84,580		—		—		84,580
Reverse repurchase agreements	—		30,000		—		30,000
U.S. Government-backed municipal bonds	—		3,999		—		3,999
Available-for-sale short-term investments⁽¹⁾:
U.S. Government-backed municipal bonds	—		20,778		—		20,778
Other short-term investments:
Mutual fund shares	449		—		—		449
Other current assets:
Derivative financial instruments (Note 10)	—		416		—		416
Other non-current assets:
Derivative financial instruments (Note 10)	—		63		—		63
Mutual fund shares	7,544		—		—		7,544
Total assets measured at fair value	$	239,952	$	55,256	$	—	$	295,208
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 10)	$	—	$	4,251	$	—	$	4,251
Other long-term liabilities:
Derivative financial instruments (Note 10)	—		922		—		922
Total liabilities measured at fair value	$	—	$	5,173	$	—	$	5,173

Assets and liabilities 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 10)	—		6,722		—		6,722
Other non-current assets:
Derivative financial instruments (Note 10)	—		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 10)	$	—	$	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 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 funds shares	366		—		—		366
Other current assets:
Derivative financial instruments (Note 10)	—		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 10)	$	—	$	123	$	—	$	123
Total liabilities measured at fair value	$	—	$	123	$	—	$	123


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