Company: UAA
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001336917-25-000016
Chunk: 43

Company: Under Armour, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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's operating lease liabilities as of December 31, 2024:Fiscal year ending March 31,2025 (three months ending)$40,712 2026155,201 2027133,576 2028113,941 202976,380 2030 and thereafter321,524 Total lease payments$841,334 Less: Interest131,384 Total present value of lease liabilities$709,950 As of December 31, 2024, the Company has additional operating lease obligations that have not yet commenced of approximately $70.2 million, which are not reflected in the table above. This amount includes approximately $56.6 million relating to an agreement with a third-party logistics provider to operate a distribution center in the Netherlands. This agreement has been assessed as containing a lease and is scheduled to commence in February 2026.

NOTE 6. GOODWILL

The following table summarizes changes in the carrying amount of the Company's goodwill by reportable segment as of the periods indicated: North America EMEAAsia-PacificTotalBalance as of March 31, 2024$301,371 $101,958 $74,973 $478,302 Purchase of UNLESS COLLECTIVE, Inc (1)9,784 — — 9,784 Effect of currency translation adjustment— (2,489)(1,051)(3,540)Balance as of December 31, 2024$311,155 $99,469 $73,922 $484,546 

(1) The goodwill is not expected to be deductible for tax purposes. 

NOTE 7. INTANGIBLE ASSETS, NET

The following tables summarize the Company's intangible assets as of the periods indicated: Useful Lives from Date of Acquisitions (in years)As of December 31, 2024Gross CarryingAmountAccumulatedAmortizationNet CarryingAmountIntangible assets subject to amortization:Customer relationships2-6$8,517 $(6,666)$1,851 Lease-related intangible assets1-151,522 (1,469)53 Total$10,039 $(8,135)$1,904 Indefinite-lived intangible assets 3,628 Intangible assets, net$5,532 

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 Useful Lives from Date of Acquisitions (in years)As of March 31, 202