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

Fair Value Measures (Tables)

6 Months Ended

Jun. 30, 2013

Assets and liabilities measured at fair value on a recurring basis at June 30, 2013 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Money market funds	$	186,245	$	—	$	—	$	186,245
Time deposits	25,073		16,637		—		41,710
U.S. Government-backed municipal bonds	—		40,741		—		40,741
Available-for-sale short-term investments⁽¹⁾
Certificates of deposit	—		4,905		—		4,905
Variable-rate demand notes	—		56,615		—		56,615
U.S. Government-backed municipal bonds	—		28,004		—		28,004
Trading securities
Mutual fund shares	657		—		—		657
Other current assets
Derivative financial instruments (Note 12)	—		4,371		—		4,371
Other non-current assets
Derivative financial instruments (Note 12)	—		343		—		343
Mutual fund shares	4,181		—		—		4,181
Total assets measured at fair value	$	216,156	$	151,616	$	—	$	367,772
Liabilities:
Accrued liabilities
Derivative financial instruments (Note 12)	$	—	$	722	$	—	$	722
Total liabilities measured at fair value	$	—	$	722	$	—	$	722

Assets and liabilities measured at fair value on a recurring basis at December 31, 2012 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Money market funds	$	70,857	$	—	$	—	$	70,857
Time deposits	25,035		—		—		25,035
Certificates of deposit	—		2,450		—		2,450
U.S. Government-backed repurchase agreements	—		25,000		—		25,000
U.S. Government-backed municipal bonds	—		5,348		—		5,348
Available-for-sale short-term investments⁽¹⁾
Certificates of deposit	—		7,596		—		7,596
Variable-rate demand notes	—		22,640		—		22,640
U.S. Government-backed municipal bonds	—		14,425		—		14,425
Other current assets
Derivative financial instruments (Note 12)	—		6,219		—		6,219
Other non-current assets
Derivative financial instruments (Note 12)	—		489		—		489
Mutual fund shares	4,080		—		—		4,080
Total assets measured at fair value	$	99,972	$	84,167	$	—	$	184,139
Liabilities:
Accrued liabilities
Derivative financial instruments (Note 12)	$	—	$	1,322	$	—	$	1,322
Total liabilities measured at fair value	$	—	$	1,322	$	—	$	1,322

Assets and liabilities measured at fair value on a recurring basis at June 30, 2012 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Money market funds	$	85,373	$	—	$	—	$	85,373
Time deposits	10,012		—		—		10,012
Certificates of deposit	—		3,294		—		3,294
U.S. Government-backed municipal bonds	—		28,456		—		28,456
Available-for-sale short-term investments⁽¹⁾
Certificates of deposit	—		4,598		—		4,598
Time deposits	—		2,109		—		2,109
Variable-rate demand notes	—		9,870		—		9,870
U.S. Government-backed municipal bonds	—		18,689		—		18,689
Other current assets
Derivative financial instruments (Note 12)	—		7,546		—		7,546
Other non-current assets
Mutual fund shares	3,566		—		—		3,566
Total assets measured at fair value	$	98,951	$	74,562	$	—	$	173,513
Liabilities:
Accrued liabilities
Derivative financial instruments (Note 12)	$	—	$	1,900	$	—	$	1,900
Total liabilities measured at fair value	$	—	$	1,900	$	—	$	1,900


⁽¹⁾	Investments have remaining maturities greater than three months but less than two years and are available for use in current operations.