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

Fair Value Measures (Tables)

3 Months Ended

Mar. 31, 2018

Assets and liabilities measured at fair value on a recurring basis as of March 31, 2018 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	380,136	$	—	$	—	$	380,136
Time deposits	55,825		—		—		55,825
U.S. Government treasury bills	—		34,983		—		34,983
U.S. Government-backed municipal bonds	—		4,879		—		4,879
Available-for-sale short-term investments⁽¹⁾:
U.S. Government-backed municipal bonds	—		89,567		—		89,567
Other short-term investments:
Mutual fund shares	1,411		—		—		1,411
Other current assets:
Derivative financial instruments (Note 11)	—		2,119		—		2,119
Other non-current assets:
Derivative financial instruments (Note 11)	—		2,492		—		2,492
Mutual fund shares	8,679		—		—		8,679
Total assets measured at fair value	$	446,051	$	134,040	$	—	$	580,091
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 11)	$	—	$	11,372	$	—	$	11,372
Other long-term liabilities:
Derivative financial instruments (Note 11)	—		7,294		—		7,294
Total liabilities measured at fair value	$	—	$	18,666	$	—	$	18,666

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



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	282,860	$	—	$	—	$	282,860
Time deposits	52,808		—		—		52,808
Other short-term investments:
U.S. Government treasury bills	—		4,995		—		4,995
U.S. Government-backed municipal bonds	—		25,338		—		25,338
Available-for-sale short-term investments⁽¹⁾
U.S. Government treasury bills	—		19,963		—		19,963
U.S. Government-backed municipal bonds	—		73,582		—		73,582
Other short-term investments:
Mutual fund shares	1,438		—		—		1,438
Other current assets:
Derivative financial instruments (Note 11)	—		2,331		—		2,331
Other non-current assets:
Derivative financial instruments (Note 11)	—		335		—		335
Mutual fund shares	9,319		—		—		9,319
Total assets measured at fair value	$	346,425	$	126,544	$	—	$	472,969
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 11)	$	—	$	10,565	$	—	$	10,565
Other long-term liabilities
Derivative financial instruments (Note 11)	—		3,820		—		3,820
Total liabilities measured at fair value	$	—	$	14,385	$	—	$	14,385

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 funds shares	653		—		—		653
Other current assets:
Derivative financial instruments (Note 11)	—		6,639		—		6,639
Other non-current assets:
Derivative financial instruments (Note 11)	—		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 11)	$	—	$	354	$	—	$	354
Other long-term liabilities
Derivative financial instruments (Note 11)	—		—		—		—
Total liabilities measured at fair value	$	—	$	354	$	—	$	354