Company: UAA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001336917-25-000198
Chunk: 103

Company: Under Armour, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 103
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 table summarizes the costs recorded during the periods indicated, as well as the current estimate of remaining charges expected to be incurred in connection with the 2025 restructuring plan:

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Three Months Ended September 30,Six Months Ended September 30,Estimated Charges Remaining to be Incurred(1)2025202420252024Costs recorded in restructuring charges: Employee-related costs $3,979 $1,393 $8,628 $11,738 Facility-related costs(2)21,947 4,457 28,258 12,495 Other restructuring costs5,980 (2,638)7,848 4,065 Total costs recorded in restructuring charges$31,906 $3,212 $44,734 $28,298 $5,297 Costs recorded in selling, general and administrative expenses:Employee related costs$719 $938 $719 $9,460 Other transformation initiatives3,726 1,786 11,985 1,921 Total costs recorded in selling, general and administrative expenses$4,445 $2,724 $12,704 $11,381 $8,103 Total restructuring and related charges$36,351 $5,936 $57,438 $39,679 $13,400 (1) Estimated restructuring and related charges reflect the high-end of the range of the total estimated charges expected to be incurred by the Company in connection with the 2025 restructuring plan.(2) Facility-related costs for the three and six months ended September 30, 2025 includes an impairment charge of $15.9 million relating to the previously disclosed decision to exit the Company's distribution facility in Rialto, California. Restructuring and related charges and recoveries require the Company to make certain judgments and estimates regarding the amount and timing as to when these charges or recoveries occur. The estimated liability could change subsequent to its recognition, requiring adjustments to the expense and the liability recorded. The restructuring reserve is recorded within current liabilities on the Condensed Consolidated Balance Sheets. On a quarterly basis, the Company conducts an evaluation of the related liabilities and expenses and revises its assumptions and estimates as appropriate, as new or updated information becomes available.A summary of the activity in the restructuring reserve related to the Company's 2025 restructuring plan for the six months ended September 30, 2025 is as follows:Employee Related CostsFacility Related