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

Fair Value Measures (Tables)

6 Months Ended

Jun. 30, 2019

Assets and liabilities measured at fair value on a recurring basis as of June 30, 2019 were as follows:



(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	130,097	$	—	$	—	$	130,097
Available-for-sale short-term investments⁽¹⁾:
U.S. Government treasury bills	—		136,721		—		136,721
Other short-term investments:
Mutual fund shares	1,477		—		—		1,477
Other current assets:
Derivative financial instruments (Note 15)	—		13,573		—		13,573
Other non-current assets:
Money market funds	1,312		—		—		1,312
Mutual fund shares	10,954		—		—		10,954
Derivative financial instruments (Note 15)	—		6,776		—		6,776
Total assets measured at fair value	$	143,840	$	157,070	$	—	$	300,910
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 15)	$	—	$	2,090	$	—	$	2,090
Other long-term liabilities:
Derivative financial instruments (Note 15)	—		140		—		140
Total liabilities measured at fair value	$	—	$	2,230	$	—	$	2,230

⁽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, 2018 were as follows:



(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	122,237	$	—	$	—	$	122,237
U.S. Government treasury bills	—		39,952		—		39,952
Available-for-sale short-term investments⁽¹⁾
U.S. Government treasury bills	—		261,602		—		261,602
Other short-term investments:
Mutual fund shares	1,200		—		—		1,200
Other current assets:
Derivative financial instruments (Note 15)	—		13,615		—		13,615
Other non-current assets:
Money market funds	869		—		—		869
Mutual fund shares	8,606		—		—		8,606
Derivative financial instruments (Note 15)	—		9,922		—		9,922
Total assets measured at fair value	$	132,912	$	325,091	$	—	$	458,003
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 15)	$	—	$	1,017	$	—	$	1,017
Other long-term liabilities:
Derivative financial instruments (Note 15)	—		1		—		1
Total liabilities measured at fair value	$	—	$	1,018	$	—	$	1,018

⁽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, 2018 were 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 funds shares	1,432		—		—		1,432
Other current assets:
Derivative financial instruments (Note 15)	—		7,163		—		7,163
Other non-current assets:
Mutual fund shares	9,332		—		—		9,332
Derivative financial instruments (Note 15)	—		10,516		—		10,516
Total assets measured at fair value	$	217,056	$	401,613	$	—	$	618,669
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 15)	$	—	$	2,895	$	—	$	2,895
Other long-term liabilities:
Derivative financial instruments (Note 15)	—		327		—		327
Total liabilities measured at fair value	$	—	$	3,222	$	—	$	3,222