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

Fair Value Measures (Tables)

12 Months Ended

Dec. 31, 2019

Dec. 31, 2018

Assets and liabilities measured at fair value on a recurring basis as of December 31, 2019 are as follows:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	288,926	$	—	$	—	$	288,926
U.S. Government treasury bills	—		34,928		—		34,928
Commercial paper	—		33,587		—		33,587


Other short-term investments:
Mutual fund shares	1,668		—		—		1,668
Other current assets:
Derivative financial instruments	—		14,001		—		14,001
Non-current assets:
Money market funds	1,792		—		—		1,792
Mutual fund shares	12,172		—		—		12,172
Derivative financial instruments	—		4,159		—		4,159
Total assets measured at fair value	$	304,558	$	86,675	$	—	$	391,233
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	2,266	$	—	$	2,266
Other long-term liabilities
Derivative financial instruments	—		768		—		768
Total liabilities measured at fair value	$	—	$	3,034	$	—	$	3,034

Assets and liabilities measured at fair value on a recurring basis at December 31, 2018 are as follows:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	122,237	$	—	$	—	$	122,237


U.S. Government treasury bills	—		39,952		—		39,952

Available-for-sale short-term investments:⁽¹⁾



U.S. Government treasury bills	—		261,602		—		261,602

Other short-term investments:
Mutual fund shares	1,200		—		—		1,200
Other current assets:
Derivative financial instruments	—		13,615		—		13,615
Non-current assets:
Money market funds	869		—		—		869
Mutual fund shares	8,606		—		—		8,606
Derivative financial instruments	—		9,922		—		9,922
Total assets measured at fair value	$	132,912	$	325,091	$	—	$	458,003
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	1,017	$	—	$	1,017
Other long-term liabilities:
Derivative financial instruments	—		1		—		1
Total liabilities measured at fair value	$	—	$	1,018	$	—	$	1,018