Company: UAA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001336917-25-000198
Chunk: 116

Company: Under Armour, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 116
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 implementing mitigation strategies. If the Company is unable to mitigate the impacts of tariffs or if the Company incurs other material increased expenditures, it may negatively impact its ability to realize U.S. federal net deferred tax assets requiring the recording of a material valuation allowance. The Company will continue to evaluate its ability to realize its net deferred tax assets on a quarterly basis.

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NOTE 16. EARNINGS PER SHAREThe following represents a reconciliation from basic net income (loss) per share to diluted net income (loss) per share:Three Months Ended September 30,Six Months Ended September 30,2025202420252024NumeratorNet income (loss) $(18,814)$170,382 $(21,426)$(135,044)DenominatorWeighted average common shares outstanding Class A, B and C - Basic428,350 432,225 427,736 433,950 Dilutive effect of Class A, B, and C securities(1)— 3,460 — — Weighted average common shares and dilutive securities outstanding Class A, B, and C428,350 435,685 427,736 433,950 Class A and Class C securities excluded as anti-dilutive (2)14,104 12,064 15,543 15,022 Basic net income (loss) per share of Class A, B and C common stock$(0.04)$0.39 $(0.05)$(0.31)Diluted net income (loss) per share of Class A, B and C common stock$(0.04)$0.39 $(0.05)$(0.31)(1) Effects of potentially dilutive securities are presented only in periods in which they are dilutive. No stock options or restricted stock units were included in the computation of diluted earnings per share during periods when the Company was in a net loss position, as their effect would be anti-dilutive.(2) Represents stock options and restricted stock units of Class A and Class C Common Stock outstanding that were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive.

NOTE 17. SEGMENT DATAThe Company's operating segments are based on how the President and Chief Executive Officer, who has been identified as the Chief Operating Decision Maker ("CODM"), makes decisions about allocating resources and assessing performance. The CODM receives discrete financial information for the Company's principal business by geographic region based on the Company