Company: UAA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001336917-25-000136
Chunk: 80

Company: Under Armour, Inc.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 80
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Table of Contents            

UNDER ARMOUR, INC.

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited; Tabular amounts in thousands, except per share data)

INDEX

Note 1Description of Business and Basis of Presentation7Note 2Recent Accounting Pronouncements7Note 3Property and Equipment8Note 4Leases8Note 5Goodwill9Note 6Supply Chain Finance Program10Note 7Credit Facility and Other Long Term Debt10Note 8Commitments and Contingencies12Note 9Stockholders' Equity15Note 10Revenues16Note 11Restructuring and Related Charges17Note 12Stock-Based Compensation18Note 13Fair Value Measurements20Note 14Risk Management and Derivatives22Note 15Provision for Income Taxes24Note 16Earnings Per Share25Note 17Segment Data25

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Table of Contents            

NOTE 1. DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATIONBusinessUnder Armour, Inc. (together with its wholly owned subsidiaries, the "Company") is a developer, marketer and distributor of branded athletic performance apparel, footwear and accessories. The Company creates products engineered to make athletes better with a vision to inspire athletes with innovative performance and design solutions they can't live without. The Company's products are made, sold and worn worldwide.Basis of PresentationThe accompanying unaudited Condensed Consolidated Financial Statements, which are presented in U.S. Dollars, include the accounts of Under Armour, Inc. and its wholly owned subsidiaries and were prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). Certain information in footnote disclosures normally included in annual financial statements were condensed or omitted for the interim periods presented in accordance with the rules and regulations of the Securities and Exchange Commission (the "SEC") and U.S. GAAP for interim consolidated financial statements. In the opinion of management, all adjustments consisting of normal, recurring adjustments considered necessary for a fair statement of the financial position and results of operations were included. Intercompany balances and transactions were eliminated upon consolidation.The unaudited Condensed Consolidated Balance Sheets as of June 30, 2025 is derived from the audited financial statements included in the Company's Annual Report on Form 10-K for the fiscal year ended March 31, 2025 ("Fiscal 2025"), filed with the SEC on May 22, 2025 ("Annual Report on Form 10-K for Fiscal 2025"),