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

Fair Value Measures (Tables)

3 Months Ended

Mar. 31, 2017

Assets and liabilities measured at fair value on a recurring basis as of March 31, 2017 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	246,245	$	—	$	—	$	246,245
Time deposits	90,927		—		—		90,927
U.S. Government-backed municipal bonds	—		64,189		—		64,189
Available-for-sale short-term investments⁽¹⁾:
U.S. Government-backed municipal bonds	—		33,817		—		33,817
Other short-term investments:
Mutual fund shares	653		—		—		653
Other current assets:
Derivative financial instruments (Note 10)	—		6,639		—		6,639
Other non-current assets:
Derivative financial instruments (Note 10)	—		1,619		—		1,619
Mutual fund shares	8,443		—		—		8,443
Total assets measured at fair value	$	346,268	$	106,264	$	—	$	452,532
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 10)	$	—	$	354	$	—	$	354
Total liabilities measured at fair value	$	—	$	354	$	—	$	354

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



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	299,769	$	—	$	—	$	299,769
Time deposits	73,127		—		—		73,127
Other short-term investments:
Mutual fund shares	472		—		—		472
Other current assets:
Derivative financial instruments (Note 10)	—		11,166		—		11,166
Other non-current assets:
Derivative financial instruments (Note 10)	—		1,969		—		1,969
Mutual fund shares	8,411		—		—		8,411
Total assets measured at fair value	$	381,779	$	13,135	$	—	$	394,914
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 10)	$	—	$	286	$	—	$	286
Total liabilities measured at fair value	$	—	$	286	$	—	$	286

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 funds 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