Columbia Sportswear 2013 Annual Report Download - page 74

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COLUMBIA SPORTSWEAR COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
70
Level 2 – inputs, other than the quoted market prices in active markets, that 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, that require the reporting entity
to develop its own assumptions.
Assets and liabilities measured at fair value on a recurring basis as of December 31, 2013 are as follows (in thousands):
Level 1 Level 2 Level 3 Total
Assets:
Cash equivalents
Money market funds . . . . . . . . . . . . . . . . . . . . . . . . . $ 175,624 $ — $ — $ 175,624
Time deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,111 9,526 — 34,637
Certificates of deposit . . . . . . . . . . . . . . . . . . . . . . . . — 735 — 735
Reverse repurchase agreements . . . . . . . . . . . . . . . . — 45,000 — 45,000
U.S. Government-backed municipal bonds . . . . . . . — 9,898 — 9,898
Available-for-sale short-term investments
Short-term municipal bond fund. . . . . . . . . . . . . . . . 15,004 — — 15,004
Certificates of deposit . . . . . . . . . . . . . . . . . . . . . . . . — 9,546 — 9,546
Variable-rate demand notes. . . . . . . . . . . . . . . . . . . . — 52,105 — 52,105
U.S. Government-backed municipal bonds . . . . . . . — 14,764 — 14,764
Other short-term investments
Mutual fund shares 336 — — 336
Other current assets
Derivative financial instruments (Note 20). . . . . . . . — 4,892 — 4,892
Non-current assets
Derivative financial instruments (Note 20). . . . . . . . — 24 — 24
Mutual fund shares . . . . . . . . . . . . . . . . . . . . . . . . . . 4,855 — — 4,855
Total assets measured at fair value . . . . . . . . . $ 220,930 $ 146,490 $ — $ 367,420
Liabilities:
Accrued liabilities
Derivative financial instruments (Note 20). . . . . . . . $ — $ 1,152 $ — $ 1,152
Other long-term liabilities
Derivative financial instruments (Note 20) — 95 — 95
Total liabilities measured at fair value. . . . . . . $ — $ 1,247 $ — $ 1,247
Assets and liabilities measured at fair value on a recurring basis at December 31, 2012 are as follows (in thousands):