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

Fair Value Measures (Tables)

3 Months Ended

Mar. 31, 2024

Assets and liabilities measured at fair value on a recurring basis as of March 31, 2024 are as follows:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	57,144	$	—	$	—	$	57,144
U.S. Government treasury bills	—		74,828		—		74,828
Time deposits (1)	—		40,699		—		40,699
Short-term investments:
Available-for-sale short-term investments: (2)
U.S. Government treasury bills	—		366,982		—		366,982
Other short-term investments:
Money market funds	343		—		—		343
Mutual fund shares	1,945		—		—		1,945
Prepaid expenses and other current assets:
Derivative financial instruments	—		14,842		—		14,842
Other non-current assets:
Money market funds	1,532		—		—		1,532
Mutual fund shares	25,449		—		—		25,449
Derivative financial instruments	—		5,423		—		5,423
Total assets measured at fair value	$	86,413	$	502,774	$	—	$	589,187
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	1,918	$	—	$	1,918
Other long-term liabilities:
Derivative financial instruments	—		155		—		155
Total liabilities measured at fair value	$	—	$	2,073	$	—	$	2,073

(1) Time deposits are carried at amortized cost on the unaudited Condensed Consolidated Balance Sheet, which reasonably approximates fair value.

(2) Available-for-sale short-term investments have remaining maturities of less than one year.

Assets and liabilities measured at fair value on a recurring basis as of December 31, 2023 are as follows:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	75,758	$	—	$	—	$	75,758
U.S. Government treasury bills	—		9,977		—		9,977
Time deposits (1)	—		40,876		—		40,876
Short-term investments:
Available-for-sale short-term investments: (2)
U.S. Government treasury bills	—		412,987		—		412,987
Other short-term investments:
Money market funds	314		—		—		314
Mutual fund shares	884		—		—		884
Prepaid expenses and other current assets:
Derivative financial instruments	—		10,200		—		10,200
Other non-current assets:
Money market funds	1,796		—		—		1,796
Mutual fund shares	24,808		—		—		24,808
Derivative financial instruments	—		961		—		961
Total assets measured at fair value	$	103,560	$	475,001	$	—	$	578,561
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	6,390	$	—	$	6,390
Other long-term liabilities:
Derivative financial instruments	—		2,629		—		2,629
Total liabilities measured at fair value	$	—	$	9,019	$	—	$	9,019

(1) Time deposits are carried at amortized cost on the unaudited Condensed Consolidated Balance Sheet, which reasonably approximates fair value.

(2) Available-for-sale short-term investments have remaining maturities of less than one year.

Assets and liabilities measured at fair value on a recurring basis as of March 31, 2023 are as follows:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	106,092	$	—	$	—	$	106,092
U.S. Government treasury bills	—		49,695		—		49,695

Short-term investments:
Available-for-sale short-term investments: (1)
U.S. Government treasury bills	$	—	$	98,746	$	—	$	98,746
Other short-term investments:
Money market funds	284		—		—		284
Mutual fund shares	482		—		—		482
Prepaid expenses and other current assets:
Derivative financial instruments	—		17,716		—		17,716
Other non-current assets:
Money market funds	1,712		—		—		1,712
Mutual fund shares	20,762		—		—		20,762
Derivative financial instruments	—		5,935		—		5,935
Total assets measured at fair value	$	129,332	$	172,092	$	—	$	301,424
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	4,887	$	—	$	4,887
Other long-term liabilities:
Derivative financial instruments	—		1,788		—		1,788
Total liabilities measured at fair value	$	—	$	6,675	$	—	$	6,675

(1) Available-for-sale short-term investments have remaining maturities of less than one year.