Company: UAA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001336917-25-000198
Chunk: 87

Company: Under Armour, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 87
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 Ended September 30,2025202420252024Operating lease costs$41,393 $37,667 $82,428 $75,460 Variable lease costs$22,438 $28,039 $40,727 $49,540 The Company subleases certain excess office facilities, retail space and warehouse space to third parties. Sublease income for the three and six months ended September 30, 2025 was $3.1 million and $6.4 million, respectively (three and six months ended September 30, 2024: $1.7 million and $2.7 million, respectively).The weighted average remaining lease term and discount rate for the periods indicated below were as follows:September 30, 2025March 31, 2025Weighted average remaining lease term (in years)6.807.13Weighted average discount rate4.80 %4.88 %

10

Supplemental Cash Flow InformationThe following table presents supplemental information relating to cash flow arising from lease transactions:Six Months Ended September 30,20252024Operating cash outflows from operating leases$87,469 $92,846 Leased assets obtained in exchange for new operating lease liabilities$53,412 $36,316 Maturity of Lease LiabilitiesThe following table presents the future minimum lease payments under the Company's operating lease liabilities as of September 30, 2025:Fiscal year ending March 31,2026 (six months ending)$83,461 2027160,099 2028138,530 202996,696 203073,489 2031 and thereafter274,207 Total lease payments$826,482 Less: Interest115,922 Total present value of lease liabilities$710,560 

As of September 30, 2025, the Company has additional operating lease obligations that have not yet commenced of approximately $0.3 million, which are not reflected in the table above. During the three months ended September 30, 2025, as part of the 2025 restructuring plan as defined below (refer to Note 11), the Company terminated a previously disclosed contract assessed as containing a lease that had not yet commenced. 

NOTE 5. GOODWILLThe following table summarizes changes in the carrying amount of the Company's goodwill by reportable segment as of the periods indicated: North America EMEAAsia-PacificTotalBalance as of March 31, 202