Columbia Sportswear 2011 Annual Report Download - page 77

Download and view the complete annual report

Please find page 77 of the 2011 Columbia Sportswear annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 86

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86

COLUMBIA SPORTSWEAR COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Assets and liabilities measured at fair value on a recurring basis at December 31, 2010 are as follows (in
thousands):
Level 1 Level 2 Level 3 Total
Assets:
Cash equivalents
Money market funds ................................ $177,104 $ — $— $177,104
Time deposits ..................................... 7,510 — — 7,510
U.S. Government-backed municipal bonds .............. — 5,560 — 5,560
Available-for-sale short-term investments
Short-term municipal bond fund ...................... 15,624 — — 15,624
U.S. Government-backed municipal bonds .............. — 53,188 — 53,188
Other current assets
Derivative financial instruments (Note 19) .............. — 1,166 — 1,166
Non-current assets
Mutual fund shares ................................. 1,670 — — 1,670
Total assets measured at fair value ................. $201,908 $59,914 $— $261,822
Liabilities:
Accrued liabilities
Derivative financial instruments (Note 19) .............. $ — $ 7,003 $— $ 7,003
Total liabilities measured at fair value .............. $ — $ 7,003 $— $ 7,003
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 material assets and liabilities measured at fair value on a nonrecurring basis at December 31,
2011 or 2010.
72