Company: UAA
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001336917-25-000016
Chunk: 119

Company: Under Armour, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 8
Chunk 119
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-party logistics provider to operate a distribution center in the Netherlands. This agreement has been assessed as containing a lease and is scheduled to commence in February 2026.

NOTE 6. GOODWILL

The 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, 2024$301,371 $101,958 $74,973 $478,302 Purchase of UNLESS COLLECTIVE, Inc (1)9,784 — — 9,784 Effect of currency translation adjustment— (2,489)(1,051)(3,540)Balance as of December 31, 2024$311,155 $99,469 $73,922 $484,546 

(1) The goodwill is not expected to be deductible for tax purposes. 

NOTE 7. INTANGIBLE ASSETS, NET

The following tables summarize the Company's intangible assets as of the periods indicated: Useful Lives from Date of Acquisitions (in years)As of December 31, 2024Gross CarryingAmountAccumulatedAmortizationNet CarryingAmountIntangible assets subject to amortization:Customer relationships2-6$8,517 $(6,666)$1,851 Lease-related intangible assets1-151,522 (1,469)53 Total$10,039 $(8,135)$1,904 Indefinite-lived intangible assets 3,628 Intangible assets, net$5,532 

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 Useful Lives from Date of Acquisitions (in years)As of March 31, 2024Gross 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 (