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

Fair Value Measures (Tables)

6 Months Ended

Jun. 30, 2016

Assets and liabilities measured at fair value on a recurring basis as of June 30, 2016 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	166,000	$	—	$	—	$	166,000
Time deposits	105,212		—		—		105,212
Reverse repurchase agreements	—		30,000		—		30,000
U.S. Government-backed municipal bonds	—		12,149		—		12,149
Available-for-sale short-term investments⁽¹⁾:
U.S. Government-backed municipal bonds	—		12,410		—		12,410
Other short-term investments:
Mutual fund shares	449		—		—		449
Other current assets:
Derivative financial instruments (Note 10)	—		2,686		—		2,686
Other non-current assets:
Derivative financial instruments (Note 10)	—		1,079		—		1,079
Mutual fund shares	7,874		—		—		7,874
Total assets measured at fair value	$	279,535	$	58,324	$	—	$	337,859
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 10)	$	—	$	7,714	$	—	$	7,714
Other long-term liabilities:
Derivative financial instruments (Note 10)	—		1,456		—		1,456
Total liabilities measured at fair value	$	—	$	9,170	$	—	$	9,170

Assets and liabilities measured at fair value on a recurring basis as of December 31, 2015 are as follows (in thousands):



	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents:
Money market funds	$	114,247	$	—	$	—	$	114,247
Time deposits	63,327		—		—		63,327
Other short-term investments:
Mutual fund shares	629		—		—		629
Other current assets:
Derivative financial instruments (Note 10)	—		6,722		—		6,722
Other non-current assets:
Derivative financial instruments (Note 10)	—		566		—		566
Mutual fund shares	6,887		—		—		6,887
Total assets measured at fair value	$	185,090	$	7,288	$	—	$	192,378
Liabilities:
Accrued liabilities:
Derivative financial instruments (Note 10)	$	—	$	1,917	$	—	$	1,917
Total liabilities measured at fair value	$	—	$	1,917	$	—	$	1,917

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 funds shares	656		—		—		656
Other current assets:
Derivative financial instruments (Note 10)	—		8,943		—		8,943
Other non-current assets:
Derivative financial instruments (Note 10)	—		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 10)	$	—	$	766	$	—	$	766
Total liabilities measured at fair value	$	—	$	766	$	—	$	766


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