Company: UAA
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001336917-25-000198
Chunk: 32

Company: Under Armour, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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$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 by the Company 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 and related charges and recoveries require the Company 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. The restructuring reserve is recorded within current liabilities on the Condensed Consolidated Balance Sheets. On a quarterly basis, the Company conducts an evaluation of the related liabilities and expenses and revises its assumptions and estimates as appropriate, as new or updated information becomes available.A summary of the activity in the restructuring reserve related to the Company's 2025 restructuring plan for the six months ended September 30, 2025 is as follows:Employee Related CostsFacility Related CostsOther Restructuring Related CostsBalance as of March 31, 2025$3,935 $712 $10,698 Net additions (recoveries) charged to expense (1)8,628 1,734 7,837 Cash payments (5,078)(2,089)(15,461)Foreign exchange and other36 2 19 Balance as of September 30, 2025$7,521 $359 $3,093 (1) Amount excludes approximately $26.5 million of non-cash facility-related and other charges recorded during the six months ended September 30, 2025.

NOTE 12. STOCK-BASED COMPENSATIONThe Under Armour, Inc. Fourth Amended and Restated 2005 Omnibus Long-Term Incentive Plan as amended (the "2005 Plan") provides for the issuance of stock options, restricted stock, restricted stock units and other equity awards to officers, directors, key employees and other persons. The 2005 Plan terminates in 2033. As of September 30, 2025, 8.4 million Class A shares and 20.3 million Class C shares are available for future grants of awards under the 2005 Plan. 

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