Company: UAA
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001336917-25-000016
Chunk: 44

Company: Under Armour, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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4Gross CarryingAmountAccumulatedAmortizationNet CarryingAmountIntangible assets subject to amortization:Customer relationships2-6$8,609 $(5,708)$2,901 Lease-related intangible assets1-151,756 (1,677)79 Total$10,365 $(7,385)$2,980 Indefinite-lived intangible assets4,020 Intangible assets, net$7,000 Amortization expense, which is included in selling, general and administrative expenses, for the three and nine months ended December 31, 2024 was $0.4 million and $1.1 million, respectively (three and nine months ended December 31, 2023: $0.4 million and $1.1 million, respectively).The following is the estimated future amortization expense for the Company's intangible assets as of December 31, 2024:Fiscal year ending March 31,2025 (three months ending)$406 20261,489 20279 2028 and thereafter— Total amortization expense of intangible assets$1,904 

NOTE 8. SUPPLY CHAIN FINANCE PROGRAM 

The Company facilitates a supply chain finance program, administered through third-party platforms, which provides participating suppliers with the opportunity to finance payments due from the Company with certain third-party financial institutions. Participating suppliers may, at their sole discretion, elect to finance one or more invoices of the Company prior to their scheduled due dates at a discounted price with the participating financial institution. The Company’s obligations to its suppliers, including amounts due and scheduled payment dates, are not impacted by the supplier’s decision to finance amounts under these arrangements. As such, the outstanding payment obligations under the Company’s supply chain financing program are included within Accounts Payable in the Condensed Consolidated Balance Sheets and within operating activities in the Condensed Consolidated Statement of Cash Flows.The Company’s outstanding payment obligations under this program were $206.9 million as of December 31, 2024 (March 31, 2024: $159.4 million).

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Table of Contents            NOTE 9. CREDIT FACILITY AND OTHER LONG-TERM DEBTThe Company's outstanding debt consisted of the following:As of December 31, 2024As of March 31, 20241.50% Convertible Senior Notes due 2024$— $80,919