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

Fair Value Measures (Tables)

6 Months Ended

Jun. 30, 2018

Assets and liabilities measured at fair value on a recurring basis as of June 30, 2018 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	144,729	$	—	$	—	$	144,729
Time deposits	61,563		—		—		61,563
U.S. Government treasury bills	—		121,352		—		121,352
Available-for-sale short-term investments⁽¹⁾:
U.S. Government treasury bills	—		225,247		—		225,247
U.S. Government-backed municipal bonds	—		37,335		—		37,335
Other short-term investments:
Mutual fund shares	1,432		—		—		1,432
Other current assets:
Derivative financial instruments (Note 11)	—		7,163		—		7,163
Other non-current assets:
Derivative financial instruments (Note 11)	—		10,516		—		10,516
Mutual fund shares	9,332		—		—		9,332
Total assets measured at fair value	$	217,056	$	401,613	$	—	$	618,669
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 11)	$	—	$	2,895	$	—	$	2,895
Other long-term liabilities:
Derivative financial instruments (Note 11)	—		327		—		327
Total liabilities measured at fair value	$	—	$	3,222	$	—	$	3,222

⁽¹⁾Investments have remaining maturities of less than one year.

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

⁽¹⁾Investments have remaining maturities of less than one year.

Assets and liabilities measured at fair value on a recurring basis as of June 30, 2017 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	307,724	$	—	$	—	$	307,724
Time deposits	66,217		—		—		66,217
U.S. Government-backed municipal bonds	—		97,738		—		97,738
Other short-term investments:
Mutual funds shares	1,591		—		—		1,591
Other current assets:
Derivative financial instruments (Note 11)	—		2,153		—		2,153
Other non-current assets:
Derivative financial instruments (Note 11)	—		816		—		816
Mutual fund shares	8,298		—		—		8,298
Total assets measured at fair value	$	383,830	$	100,707	$	—	$	484,537
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 11)	$	—	$	4,067	$	—	$	4,067
Other long-term liabilities
Derivative financial instruments (Note 11)	—		1,665		—		1,665
Total liabilities measured at fair value	$	—	$	5,732	$	—	$	5,732