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

Fair Value Measures (Tables)

9 Months Ended

Sep. 30, 2024

Assets and liabilities measured at fair value on a recurring basis as of September 30, 2024 are as follows:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	50,149	$	—	$	—	$	50,149

Time deposits (1)	—		33,422		—		33,422
Short-term investments:
Available-for-sale short-term investments: (2)
U.S. Government treasury bills	—		64,975		—		64,975
Other short-term investments:
Money market funds	253		—		—		253
Mutual fund shares	2,016		—		—		2,016
Prepaid expenses and other current assets:
Derivative financial instruments	—		4,754		—		4,754
Other non-current assets:
Money market funds	1,122		—		—		1,122
Mutual fund shares	29,014		—		—		29,014
Derivative financial instruments	—		817		—		817
Total assets measured at fair value	$	82,554	$	103,968	$	—	$	186,522
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	5,098	$	—	$	5,098
Other long-term liabilities:
Derivative financial instruments	—		1,264		—		1,264
Total liabilities measured at fair value	$	—	$	6,362	$	—	$	6,362

(1) Time deposits are carried at amortized cost on the unaudited Condensed Consolidated Balance Sheets, 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 Sheets, 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 September 30, 2023 are as follows:


(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	60,120	$	—	$	—	$	60,120

Time deposits (1)	—		19,412		—		19,412
Short-term investments:



Money market funds	302		—		—		302
Mutual fund shares	1,172		—		—		1,172
Prepaid expenses and other current assets:
Derivative financial instruments	—		21,606		—		21,606
Other non-current assets:
Money market funds	1,699		—		—		1,699
Mutual fund shares	21,879		—		—		21,879
Derivative financial instruments	—		6,511		—		6,511
Total assets measured at fair value	$	85,172	$	47,529	$	—	$	132,701
Liabilities:
Accrued liabilities:
Derivative financial instruments	$	—	$	2,361	$	—	$	2,361
Other long-term liabilities:
Derivative financial instruments	—		104		—		104
Total liabilities measured at fair value	$	—	$	2,465	$	—	$	2,465

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