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

Fair Value Measures (Tables)

3 Months Ended

Mar. 31, 2020

Assets and liabilities measured at fair value on a recurring basis as of March 31, 2020 were as follows:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	128,488	$	—	$	—	$	128,488
United States government treasury bills	—		44,973		—		44,973

Available-for-sale short-term investments:⁽¹⁾
United States government treasury bills	—		35,032		—		35,032
Other short-term investments:
Money market funds	14		—		—		14
Mutual fund shares	782		—		—		782
Other current assets:
Derivative financial instruments	—		23,394		—		23,394
Other non-current assets:
Money market funds	3,674		—		—		3,674
Mutual fund shares	9,329		—		—		9,329
Derivative financial instruments	—		10,520		—		10,520
Total assets measured at fair value	$	142,287	$	113,919	$	—	$	256,206
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	1,209	$	—	$	1,209


Total liabilities measured at fair value	$	—	$	1,209	$	—	$	1,209

⁽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, 2019 were as follows:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	288,926	$	—	$	—	$	288,926
United States government treasury bills	—		34,928		—		34,928
Commercial paper	—		33,587		—		33,587






Other short-term investments:
Mutual fund shares	1,668		—		—		1,668
Other current assets:
Derivative financial instruments	—		14,001		—		14,001
Non-current assets:
Money market funds	1,792		—		—		1,792
Mutual fund shares	12,172		—		—		12,172
Derivative financial instruments	—		4,159		—		4,159
Total assets measured at fair value	$	304,558	$	86,675	$	—	$	391,233
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	2,266	$	—	$	2,266
Other long-term liabilities:
Derivative financial instruments	—		768		—		768
Total liabilities measured at fair value	$	—	$	3,034	$	—	$	3,034

Assets and liabilities measured at fair value on a recurring basis as of March 31, 2019 were as follows:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	125,073	$	—	$	—	$	125,073





Available-for-sale short-term investments:^:(1)




United States government treasury bills	—		270,625		—		270,625

Other short-term investments:
Mutual funds shares	1,978		—		—		1,978
Other current assets:
Derivative financial instruments	—		15,337		—		15,337
Other non-current assets:
Money market funds	1,331		—		—		1,331
Mutual fund shares	9,575		—		—		9,575
Derivative financial instruments	—		10,014		—		10,014
Total assets measured at fair value	$	137,957	$	295,976	$	—	$	433,933
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	498	$	—	$	498


Total liabilities measured at fair value	$	—	$	498	$	—	$	498