Company: UAA
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001336917-25-000016
Chunk: 135

Company: Under Armour, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 8
Chunk 135
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85 million in non-cash charges, including approximately $7 million in employee severance and benefits costs and $78 million in facility, software, and other asset-related charges and impairments. Restructuring and related charges are included in the Company's Corporate Other segment. The costs recorded during the three and nine months ended December 31, 2024 were primarily North America related. The summary of these costs, as well as the Company's current estimates of the remaining amount expected to be incurred in connection with the 2025 restructuring plan is as follows:Estimated Restructuring and Related Charges (1)Three Months EndedDecember 31, 2024Nine Months EndedDecember 31, 2024Remaining to be incurredTotal to be incurred under planCosts recorded in restructuring charges: Employee-related costs $1,584 $13,322 Facility-related costs5,706 18,201 Other restructuring costs6,655 10,720 Total costs recorded in restructuring charges$13,945 $42,243 $67,757 $110,000 Costs recorded in selling, general and administrative expenses:Employee related costs— 9,460 Other transformation initiatives3,819 5,740 Total costs recorded in selling, general and administrative expenses$3,819 $15,200 $34,800 $50,000 Total restructuring and related charges$17,764 $57,443 $102,557 $160,000 (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.

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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 nine months ended December 31, 2024 is as follows:Employee Related CostsFacility Related CostsOther Restructuring Related CostsBalance as of March 31, 202