Columbia Sportswear 2010 Annual Report Download - page 78

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COLUMBIA SPORTSWEAR COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Assets and liabilities measured at fair value on a recurring basis at December 31, 2009 are as follows (in
thousands):
Level 1 Level 2 Level 3 Total
Assets:
Cash equivalents
Money market funds ................................. $332,574 $ — $— $332,574
Time deposits ...................................... 16,844 — — 16,844
Available-for-sale short-term investments
Short-term municipal bond fund ....................... 20,247 — — 20,247
Time deposits ...................................... 2,512 — — 2,512
Other current assets
Derivative financial instruments (Note 19) ............... — 1,552 — 1,552
Non-current assets
Mutual fund shares .................................. 826 — — 826
Total assets measured at fair value .................. $373,003 $1,552 $— $374,555
Liabilities:
Accrued liabilities
Derivative financial instruments (Note 19) ............... $ — $1,955 $— $ 1,955
Total liabilities measured at fair value ............... $ — $1,955 $— $ 1,955
Level 1 instrument valuations are obtained from real-time quotes for transactions in active exchange
markets involving identical assets. Level 2 instrument valuations are obtained from inputs, other than quoted
market prices in active markets, that are directly or indirectly observable in the marketplace and quoted prices in
markets with limited volume or infrequent transactions.
There were no assets and liabilities measured at fair value on a nonrecurring basis at December 31, 2010 or
2009.
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