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

Fair Value Measures (Tables)

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Assets and liabilities measured at fair value on a recurring basis as of December 31, 2022 are as follows:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	120,481	$	—	$	—	$	120,481




Short-term investments:
Money market funds	80		—		—		80
Mutual fund shares	642		—		—		642
Prepaid expenses and other current assets:
Derivative financial instruments	—		23,333		—		23,333
Other non-current assets:
Money market funds	1,456		—		—		1,456
Mutual fund shares	19,026		—		—		19,026
Derivative financial instruments	—		7,153		—		7,153
Total assets measured at fair value	$	141,685	$	30,486	$	—	$	172,171
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	3,782	$	—	$	3,782
Other long-term liabilities:
Derivative financial instruments	—		1,770		—		1,770
Total liabilities measured at fair value	$	—	$	5,552	$	—	$	5,552

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


Short-term investments:
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
Prepaid and other current assets:
Derivative financial instruments	—		9,397		—		9,397
Other 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.