Company: UAA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001336917-25-000136
Chunk: 55

Company: Under Armour, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 55
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 of each reporting date, management considers new evidence, both positive and negative, that could affect its view of the future realization of deferred tax assets. As of June 30, 2025, for the Company's U.S. federal interest expense carryforwards and the majority of the U.S. states and certain foreign taxing jurisdictions, the Company believes the weight of the negative evidence continues to outweigh the positive evidence regarding the realization of these deferred tax assets and has maintained valuation allowances against these assets. The Company is actively monitoring the global trade environment due to recent and potential changes in global trade policy. If incremental tariffs are incurred by the Company, it may negatively impact its ability to realize U.S. federal net deferred tax assets requiring the recording of a material valuation allowance. The Company will continue to evaluate its ability to realize its net deferred tax assets on a quarterly basis.

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NOTE 16. EARNINGS PER SHAREThe following represents a reconciliation from basic net income (loss) per share to diluted net income (loss) per share:Three Months Ended June 30,20252024NumeratorNet income (loss) $(2,612)$(305,426)DenominatorWeighted average common shares outstanding Class A, B and C - Basic427,116 435,693 Dilutive effect of Class A, B, and C securities (1)— — Weighted average common shares and dilutive securities outstanding Class A, B, and C427,116 435,693 Class A and Class C securities excluded as anti-dilutive (2)16,983 17,980 Basic net income (loss) per share of Class A, B and C common stock$(0.01)$(0.70)Diluted net income (loss) per share of Class A, B and C common stock$(0.01)$(0.70)(1) Effects of potentially dilutive securities are presented only in periods in which they are dilutive. No stock options or restricted stock units were included in the computation of diluted earnings per share during periods when the Company was in a net loss position, as their effect would be anti-dilutive.(2) Represents stock options and restricted stock units of Class A and Class C Common Stock outstanding that were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive.

NOTE 17. SEGMENT DATAThe Company's operating segments are based on how the President and Chief Executive Officer, who has been identified as the Chief Operating