Company: UAA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001336917-25-000198
Chunk: 60

Company: Under Armour, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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,298 $16,436 58.1 %

37

Restructuring charges increased by $28.7 million during the three months ended September 30, 2025 compared to the three months ended September 30, 2024. This was primarily due to higher facility-related charges resulting from an impairment charge of $15.9 million relating to the previously disclosed decision to exit the Company's distribution facility in Rialto, California. Additionally, other restructuring costs increased resulting from a net gain of $5.3 million recognized during the prior year relating to the sale of the MapMyFitness platform and higher employee related costs. 

Restructuring charges increased by $16.4 million during the six months ended September 30, 2025 compared to the six months ended September 30, 2024 primarily due to higher facility-related charges resulting from an impairment charge of $15.9 million relating to the previously disclosed decision to exit the Company's distribution facility in Rialto, California. 

Interest Income (Expense), net

Interest income (expense), net includes interest income earned on our cash and cash equivalents and restricted investments, amortization of deferred financing costs, bank fees, capitalized interest for long term property and equipment projects and interest expense under the credit and other long-term debt facilities. Refer to Note 7 of our Condensed Consolidated Financial Statements included in Part I, Item 1 of this Quarterly Report on Form 10-Q for additional details.

Three Months Ended September 30,Six Months Ended September 30,20252024Change ($)Change (%)20252024Change ($)Change (%)Interest income (expense), net$(8,605)$(1,747)$(6,858)(392.6)%$(12,656)$597 $(13,253)(2219.9)%

Interest expense, net increased by $6.9 million to $8.6 million during the three months ended September 30, 2025 compared to interest expense, net of $1.7 million during the three months ended September 30, 2024. This was primarily due to an increase in interest expense resulting from the issuance of the Senior Notes due 2030, partially offset by interest income earned on the restricted investments held to satisfy and discharge the Senior Notes due 2026. 

Interest expense, net increased by $13.3 million to $12.7 million during the six months ended September 30, 2025 compared to interest income, net of $0.