Columbia Sportswear 2012 Annual Report Download - page 71

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COLUMBIA SPORTSWEAR COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
67
Level 2 – inputs, other than the quoted market prices in active markets, which are observable, either directly or
indirectly; or observable market prices in markets with insufficient volume and/or infrequent transactions;
and
Level 3 – unobservable inputs for which there is little or no market data available, which require the reporting entity
to develop its own assumptions.
Assets and liabilities measured at fair value on a recurring basis as of December 31, 2012 are as follows (in thousands):
Level 1 Level 2 Level 3 Total
Assets:
Cash equivalents
Money market funds . . . . . . . . . . . . . . . . . . . . . . . . . $ 70,857 $ — $ — $ 70,857
Time deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,035 — — 25,035
Certificates of deposit . . . . . . . . . . . . . . . . . . . . . . . . — 2,450 — 2,450
U.S. Government-backed repurchase agreements . . — 25,000 — 25,000
U.S. Government-backed municipal bonds . . . . . . . — 5,348 — 5,348
Available-for-sale short-term investments
Certificates of deposit . . . . . . . . . . . . . . . . . . . . . . . . — 7,596 — 7,596
Variable-rate demand notes. . . . . . . . . . . . . . . . . . . . — 22,640 — 22,640
U.S. Government-backed municipal bonds . . . . . . . — 14,425 — 14,425
Other current assets
Derivative financial instruments (Note 19). . . . . . . . — 6,219 — 6,219
Non-current assets
Derivative financial instruments (Note 19). . . . . . . . — 489 — 489
Mutual fund shares . . . . . . . . . . . . . . . . . . . . . . . . . . 4,080 — — 4,080
Total assets measured at fair value . . . . . . . . . $ 99,972 $ 84,167 $ — $ 184,139
Liabilities:
Accrued liabilities
Derivative financial instruments (Note 19). . . . . . . . $ — $ 1,322 $ — $ 1,322
Total liabilities measured at fair value. . . . . . . $ — $ 1,322 $ — $ 1,322
Assets and liabilities measured at fair value on a recurring basis at December 31, 2011 are as follows (in thousands):