Company: UAA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001336917-25-000136
Chunk: 45

Company: Under Armour, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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 of the total estimated charges expected to be incurred by the Company in connection with the 2025 restructuring plan.

17

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 and long-term 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 three months ended June 30, 2025 is as follows:Employee Related CostsFacility Related CostsOther Restructuring Related CostsBalance at March 31, 2025$3,935 $712 $10,698 Net additions (recoveries) charged to expense (1)4,649 756 1,858 Cash payments (1,589)(1,078)(816)Foreign exchange and other403 22 675 Balance as of June 30, 2025$7,398 $412 $12,415 (1) Amount excludes approximately $5.6 million of non-cash facility-related and other charges recorded during the three months ended June 30, 2025.

NOTE 12. STOCK-BASED COMPENSATIONThe Under Armour, Inc. Fourth Amended and Restated 2005 Omnibus Long-Term Incentive Plan as amended (the "2005 Plan") provides for the issuance of stock options, restricted stock, restricted stock units and other equity awards to officers, directors, key employees and other persons. The 2005 Plan terminates in 2033. As of June 30, 2025, 8.4 million Class A shares and 20.4 million Class C shares are available for future grants of awards under the 2005 Plan. Awards Granted to Employees and Non-Employee DirectorsTotal stock-based compensation expense associated with awards granted to employees and non-employee directors for the three months ended June 30, 2025 was $10.7 million (three months ended June 30, 2024: $14.4 million). As of June 30, 2025, the Company had $89.1 million of unrecognized compensation expense