Company: UAA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001336917-25-000198
Chunk: 52

Company: Under Armour, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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70 million in non-cash charges, including approximately $7 million in employee severance and benefits costs and $63 million in facility, software, and other asset-related charges and impairments. The 2025 restructuring plan is expected to be substantially complete by the end of Fiscal 2026.

Restructuring and related charges recorded during the three and six months ended September 30, 2025 and September 30, 2024 were primarily North America related and are included within Corporate Other. The following table summarizes the costs recorded during the periods indicated, as well as the current estimate of remaining charges expected to be incurred in connection with the 2025 restructuring plan:

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Three Months Ended September 30,Six Months Ended September 30,Estimated Charges Remaining to be Incurred(1)2025202420252024Costs recorded in restructuring charges: Employee-related costs $3,979 $1,393 $8,628 $11,738 Facility-related costs(2)21,947 4,457 28,258 12,495 Other restructuring costs5,980 (2,638)7,848 4,065 Total costs recorded in restructuring charges$31,906 $3,212 $44,734 $28,298 $5,297 Costs recorded in selling, general and administrative expenses:Employee related costs$719 $938 $719 $9,460 Other transformation initiatives3,726 1,786 11,985 1,921 Total costs recorded in selling, general and administrative expenses$4,445 $2,724 $12,704 $11,381 $8,103 Total restructuring and related charges$36,351 $5,936 $57,438 $39,679 $13,400 

(1) Estimated restructuring and related charges reflect the high-end of the range of the total estimated charges expected to be incurred in connection with the 2025 restructuring plan.

(2) Facility-related costs for the three and six months ended September 30, 2025 includes an impairment charge of $15.9 million relating to the previously disclosed decision to exit the Company's distribution facility in Rialto, California. 

Restructuring charges and recoveries require us 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