Company: UAA
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001336917-25-000016
Chunk: 153

Company: Under Armour, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 8
Chunk 153
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31, 2024 were primarily North America related. The summary of these costs, as well as our current estimate of the remaining amounts 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 in connection with the 2025 restructuring plan.

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, requiring adjustments to the expense and the liability recorded. On a quarterly basis, we conduct an evaluation of the related liabilities and expenses and revise our assumptions and estimates as appropriate, as new or updated information becomes available.

Effects of Inflation and Other Global Events 

Macroeconomic factors, such as inflationary pressures and fluctuations in foreign currency exchange rates, have and may continue to impact our business. We continue to monitor these factors and the potential impacts they may have on our financial results, including product input costs, freight costs and consumer discretionary spending and therefore consumer demand for our products. We also continue to monitor the broader impacts of conflicts around the world on the economy, including their effect on inflationary pressures and the price of oil globally. 

In addition, we are actively monitoring potential tariffs proposed or signaled by the U.S. government, as well as potential related impacts, including countermeasures thereto and indirect effects on capital markets or consumer discretionary spending. The tariff program, as currently proposed,