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

Fair Value Measures (Tables)

6 Months Ended

Jun. 30, 2015

Assets and liabilities measured at fair value on a recurring basis as of June 30, 2015 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Money market funds	$	116,316	$	—	$	—	$	116,316
Time deposits	102,756		—		—		102,756
Reverse repurchase agreements	—		20,000		—		20,000
U.S. Government-backed municipal bonds	—		6,775		—		6,775
Available-for-sale short-term investments⁽¹⁾
Certificates of deposit	—		10,291		—		10,291
U.S. Government-backed municipal bonds	—		35,481		—		35,481
Other short-term investments
Mutual fund shares	656		—		—		656
Other current assets
Derivative financial instruments (Note 11)	—		8,943		—		8,943
Other non-current assets
Derivative financial instruments (Note 11)	—		320		—		320
Mutual fund shares	6,874		—		—		6,874
Total assets measured at fair value	$	226,602	$	81,810	$	—	$	308,412
Liabilities:
Accrued liabilities
Derivative financial instruments (Note 11)	$	—	$	766	$	—	$	766
Total liabilities measured at fair value	$	—	$	766	$	—	$	766

Assets and liabilities measured at fair value on a recurring basis as of December 31, 2014 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Money market funds	$	94,112	$	—	$	—	$	94,112
Time deposits	45,187		—		—		45,187
Certificates of deposit	—		1,470		—		1,470
Reverse repurchase agreements	—		40,000		—		40,000
U.S. Government-backed municipal bonds	—		5,812		—		5,812
Available-for-sale short-term investments⁽¹⁾
Certificates of deposit	—		3,184		—		3,184
U.S. Government-backed municipal bonds	—		23,598		—		23,598
Other short-term investments
Mutual fund shares	485		—		—		485
Other current assets
Derivative financial instruments (Note 11)	—		12,747		—		12,747
Other non-current assets
Mutual fund shares	6,039		—		—		6,039
Total assets measured at fair value	$	145,823	$	86,811	$	—	$	232,634
Liabilities:
Accrued liabilities
Derivative financial instruments (Note 11)	$	—	$	924	$	—	$	924
Total liabilities measured at fair value	$	—	$	924	$	—	$	924

Assets and liabilities measured at fair value on a recurring basis as of June 30, 2014 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents
Money market funds	$	147,953	$	—	$	—	$	147,953
Time deposits	25,148		14,824		—		39,972
U.S. Government-backed repurchase agreements	—		40,000		—		40,000
Available-for-sale short-term investments⁽¹⁾
Certificates of deposit	—		3,429		—		3,429
Variable-rate demand notes	—		18,675		—		18,675
U.S. Government-backed municipal bonds	—		4,584		—		4,584
Other short-term investments
Mutual funds shares	550						550
Other current assets
Derivative financial instruments (Note 11)			1,288				1,288
Other non-current assets
Derivative financial instruments (Note 11)	—		155		—		155
Mutual fund shares	5,749		—		—		5,749
Total assets measured at fair value	$	179,400	$	82,955	$	—	$	262,355
Liabilities:
Accrued liabilities
Derivative financial instruments (Note 11)	$	—	$	1,731	$	—	$	1,731
Other long-term liabilities
Derivative financial instruments (Note 11)	—		12		—		12
Total liabilities measured at fair value	$	—	$	1,743	$	—	$	1,743


⁽¹⁾	Investments have remaining maturities of less than one year.