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

Fair Value Measures (Tables)

12 Months Ended

Dec. 31, 2021

Dec. 31, 2020

Assets and liabilities measured at fair value on a recurring basis as of December 31, 2021 are as follows:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	2,677	$	—	$	—	$	2,677


Available-for-sale short-term investments:(1)
U.S. Government treasury bills	—		130,168		—		130,168
Other short-term investments:
Money market funds	73		—		—		73
Mutual fund shares	904		—		—		904
Other current assets:
Derivative financial instruments	—		9,397		—		9,397
Non-current assets:
Money market funds	2,219		—		—		2,219
Mutual fund shares	19,606		—		—		19,606
Derivative financial instruments	—		10,142		—		10,142
Total assets measured at fair value	$	25,479	$	149,707	$	—	$	175,186
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	3,572	$	—	$	3,572
Other long-term liabilities
Derivative financial instruments	—		318		—		318
Total liabilities measured at fair value	$	—	$	3,890	$	—	$	3,890

(1) Available-for-sale short-term investments have remaining maturities of less than one year.

Assets and liabilities measured at fair value on a recurring basis at December 31, 2020 are as follows:


(in thousands)	Level 1		Level 2			Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	119,378	$	—		$	—	$	119,378


United States government treasury bills	—		234,982			—		234,982







Short-term investments:
Money market funds	105		—		0	—		105
Mutual fund shares	1,119		—			—		1,119
Other current assets:
Derivative financial instruments	—		2,597			—		2,597
Non-current assets:
Money market funds	4,059		—			—		4,059
Mutual fund shares	14,657		—			—		14,657
Derivative financial instruments	—		1,126			—		1,126
Total assets measured at fair value	$	139,318	$	238,705		$	—	$	378,023
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	9,841		$	—	$	9,841
Other long-term liabilities:
Derivative financial instruments	—		6,590			—		6,590
Total liabilities measured at fair value	$	—	$	16,431		$	—	$	16,431