Form 8-K

8-K — Under Armour, Inc.

Accession: 0001336917-26-000059

Filed: 2026-05-12

Period: 2026-05-11

CIK: 0001336917

SIC: 2300 (APPAREL & OTHER FINISHED PRODS OF FABRICS & SIMILAR MATERIAL)

Item: Results of Operations and Financial Condition

Item: Cost Associated with Exit or Disposal Activities

Item: Financial Statements and Exhibits

Documents

8-K — ua-20260511.htm (Primary)

EX-99.1 (exhibit991-fiscal2026q4.htm)

GRAPHIC (ualogo013117a01a.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: ua-20260511.htm · Sequence: 1

ua-20260511

FALSE000133691700013369172026-05-112026-05-110001336917us-gaap:CommonClassAMember2026-05-112026-05-110001336917us-gaap:CommonClassCMember2026-05-112026-05-11

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________________________________________________________________________________

FORM 8-K

______________________________________________________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 11, 2026

________________________________________________________________________________

UNDER ARMOUR, INC.

________________________________________________________________________________

Maryland

001-33202

52-1990078

(State or other jurisdiction of

incorporation or organization)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

101 Performance Drive, Baltimore, Maryland

21230

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (410) 468-2512

(Former address, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:

Class A Common Stock UAA New York Stock Exchange

Class C Common Stock UA New York Stock Exchange

(Title of each class) (Trading Symbols) (Name of each exchange on which registered)

________________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Item 2.02. Results of Operations and Financial Condition.

On May 12, 2026, Under Armour, Inc. (“Under Armour”, or the “Company”) issued a press release announcing its financial results for the fourth quarter and fiscal year ended March 31, 2026. A copy of Under Armour’s press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. Under Armour has scheduled a conference call for 8:30 a.m. ET on May 12, 2026 to discuss its financial results.

Item 2.05. Costs Associated With Exit or Disposal Activities.

On May 12, 2026, the Company announced an update to its previously disclosed fiscal year 2025 restructuring plan designed to strengthen and support its financial and operational efficiencies. Previously, the Company expected to incur up to $255 million of pre-tax restructuring and related charges in connection with its fiscal year 2025 restructuring plan. After further review, the Company has identified additional opportunities. On May 11, 2026, the Company's Board of Directors approved up to $50 million of additional charges, resulting in a total restructuring plan of approximately $305 million, including:

•Up to $139 million in cash charges, including approximately $46 million in employee severance and benefits costs and $93 million related to various transformational initiatives; and

•Up to $166 million in non-cash charges, including approximately $7 million in employee severance and benefits costs, and $159 million in contract terminations, facility, software, and other asset-related charges and impairments.

As of March 31, 2026, the Company has recognized approximately $261 million of restructuring and related charges ($109 million in cash and $152 million in non-cash). The fiscal year 2025 restructuring plan is now expected to be substantially complete by December 31, 2026.

Forward-Looking Statements

Some of the statements contained in this Current Report on Form 8-K constitute forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, plans, strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts, such as statements regarding our share repurchase program, future financial condition or results of operations, growth prospects and strategies, potential restructuring efforts (including the scope, anticipated charges and costs, the timing of these measures, and the anticipated benefits of our restructuring initiatives), expectations related to promotional activities, freight, product cost pressures, foreign currency effects, the impact of global economic conditions (including changes in trade policy and inflation) on our results of operations, liquidity and use of capital resources, expectations related to tariffs, the development and introduction of new products, the execution of marketing strategies, benefits from significant investments, and impacts from litigation or other proceedings. In many cases, you can identify forward-looking statements by terms such as “may,” “will,” “could,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “outlook,” “potential,” or the negative of these terms or other comparable terminology. The forward-looking statements in this Current Report on Form 8-K reflect our current views about future events. They are subject to risks, uncertainties, assumptions, and changes in circumstances that may cause events or our actual activities or results to differ significantly from those expressed in any forward-looking statement. Although we believe the expectations reflected in the forward-looking statements are reasonable, they are inherently uncertain. We cannot guarantee future events, results, actions, activity levels, performance, or achievements. Readers are cautioned not to place undue reliance on these forward-looking statements. Several important factors could cause actual results to differ materially from those indicated by these forward-looking statements, including, but not limited to: changes in general economic or market conditions (such as rising inflation and potential impacts of changes and uncertainties related to government fiscal, monetary, tax and trade policies) that could influence overall consumer spending or our industry; the impact of global events beyond our control, including military conflicts, public health events, and the effects of changes in the global trade environment, such as the imposition of new tariffs and countermeasures thereto, on our profitability; increased competition that may cause us to lose market share, lower product prices, or significantly increase marketing efforts; fluctuations in the costs of raw materials and commodities we use in our products and supply chain (including labor); our ability to successfully execute our long-term strategies; our ability to effectively drive operational efficiency in our business; changes in the financial health of our customers; our ability to effectively develop and launch new, innovative products and engage our consumers; our ability to accurately forecast consumer shopping and preferences and consumer demand for our products and to effectively manage our inventory; our ability to successfully execute any restructuring plans and achieve expected benefits; loss of key customers, suppliers, or manufacturers; our ability to further expand our business globally and drive brand awareness and consumer acceptance of our products in other countries; our ability to manage the increasingly complex operations of our global business; our ability to effectively market and maintain a positive brand image; our ability to successfully manage or achieve expected outcomes from significant transactions and investments; our ability to attract key talent and retain the services of our senior management and other key employees; our ability to effectively meet regulatory requirements and stakeholder expectations with respect to sustainability

and social matters; the availability, integration and effective operation of information systems and other technology, as well as any potential interruption of such systems or technology; any disruptions, delays or deficiencies in the design, implementation, or application of our global operating and financial reporting information technology system; our ability to access capital and financing required to manage our business on terms acceptable to us; our ability to accurately anticipate and respond to seasonal or quarterly fluctuations in our operating results; risks related to foreign currency exchange rate fluctuations; our ability to comply with existing trade and other regulations; risks related to data security or privacy breaches; and our potential exposure to and the financial impact of litigation and other proceedings. The forward-looking statements here reflect our views and assumptions only as of the date of this Current Report on Form 8-K. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect unanticipated events.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.

Exhibit

99.1

Under Armour, Inc. press release announcing financial results for the fourth quarter and fiscal year ended March 31, 2026.

101 XBRL Instance Document - The instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

UNDER ARMOUR, INC.

Date: May 12, 2026

By:

/s/ REZA TALEGHANI

Reza Taleghani

Chief Financial Officer

EX-99.1

Filename: exhibit991-fiscal2026q4.htm · Sequence: 2

Document

Exhibit 99.1

UNDER ARMOUR REPORTS FOURTH QUARTER AND FULL-YEAR FISCAL 2026 RESULTS; PROVIDES INITIAL FISCAL 2027 OUTLOOK

BALTIMORE, May 12, 2026 – Under Armour, Inc. (NYSE: UAA, UA) today announced unaudited financial results for the fourth quarter and full-year fiscal 2026, which ended March 31, 2026. Results are reported in accordance with United States Generally Accepted Accounting Principles (“U.S. GAAP”). References to “constant currency” and “adjusted” results are non-GAAP financial measures; reconciliations are provided below.

“Our fiscal 2026 performance reflects the ongoing intentional steps we're taking to reset the business and restore the discipline required to operate as a best-in-class brand,” said Kevin Plank, President and CEO of Under Armour. “Over the past two years, we’ve addressed structural and macro challenges head-on while elevating our product strategy. We're streamlining our operating model and increasing accountability in execution, driving a more controlled and predictable business.”

Plank continued, “As our topline stabilizes in fiscal 2027, we are applying the same rigor that is strengthening our product engine to our storytelling capabilities. Building world-class, modern marketing excellence is now our highest priority that we believe will accelerate consumer demand and help reshape Under Armour’s profit profile.”

Fourth Quarter Fiscal 2026 Review

•Revenue decreased 1 percent to $1.2 billion (down 4 percent constant currency).

–North America revenue declined 7 percent to $641 million, while international revenue increased 10 percent to $539 million (up 3 percent constant currency). Within international markets, EMEA revenue increased 7 percent (down 1 percent constant currency), Asia-Pacific increased 13 percent (up 8 percent constant currency), and Latin America increased 22 percent (up 8 percent constant currency).

–Wholesale revenue decreased 3 percent to $748 million and direct-to-consumer (DTC) revenue increased 5 percent to $406 million. Within DTC, owned-and-operated store revenue grew 8 percent, and eCommerce revenue was flat, representing 35 percent of total DTC revenue for the quarter.

–By category, apparel revenue was flat at $778 million, footwear was flat at $282 million, and accessories grew 2 percent to $94 million.

•Gross margin declined 470 basis points to 42.0 percent, primarily due to higher tariffs, as well as higher product costs, pricing headwinds, and unfavorable regional mix, partially offset by foreign exchange gains and favorable channel mix. Excluding restructuring impacts, adjusted gross margin declined 360 basis points to 43.1 percent.

•Selling, general and administrative (SG&A) expenses decreased 15 percent to $518 million, primarily reflecting lower marketing spend due to timing shifts, with most prior-year spending occurring in the second half, along with lower incentive compensation and overall expense management. Excluding $15 million in transformation expenses related to the Fiscal 2025 Restructuring Plan, adjusted SG&A declined 14 percent to $503 million.

•Restructuring charges totaled $8 million.

•Operating loss was $34 million. Excluding transformation and restructuring charges, adjusted operating income was $3 million.

•Net loss was $43 million. Adjusted net loss was $11 million, which excludes transformation and restructuring charges.

•Diluted loss per share was $0.10; adjusted diluted loss per share was $0.03.

•Inventory decreased 3 percent to $915 million.

•Liquidity: Cash and cash equivalents totaled $309 million at quarter-end. The company also held $605 million in restricted investments designated for the repayment of its senior notes due in June 2026. At quarter-end, $200 million of borrowings were outstanding under its $1.1 billion revolving credit facility.

Full Year Fiscal 2026 Review

•Revenue decreased 4 percent to $5.0 billion (down 5 percent constant currency).

–North America revenue decreased by 8 percent to $2.9 billion, while international revenue grew by 4 percent to $2.1 billion (flat constant currency). Within the international business, revenue increased 9 percent in EMEA (up 3 percent constant currency), declined by 5 percent in Asia-Pacific (down 6 percent constant currency), and increased 9 percent in Latin America (up 6 percent constant currency).

–Wholesale revenue decreased 5 percent to $2.8 billion, and DTC revenue declined 2 percent to $2.1 billion. Revenue from owned and operated stores increased 1 percent, while eCommerce revenue decreased 7 percent, and accounted for 33 percent of the total DTC business for the year.

–Apparel revenue decreased 2 percent to $3.4 billion; footwear revenue declined 11 percent to $1.1 billion, and accessories revenue increased 1 percent to $414 million.

•Gross margin decreased 240 basis points to 45.5 percent, primarily due to higher tariffs, with smaller headwinds from pricing, higher product costs, and unfavorable channel and regional mix, partially offset by positive foreign currency impacts and favorable product mix. Excluding restructuring impacts, adjusted gross margin declined 220 basis points to 45.7 percent.

•SG&A expenses declined 12 percent to $2.3 billion. Adjusted SG&A expenses decreased 5 percent to $2.2 billion, which excludes $99 million in litigation reserve expense and approximately $31 million in transformation costs related to our Fiscal 2025 Restructuring Plan.

•Restructuring charges were $128 million.

•Operating loss was $163 million. Excluding the company's litigation reserve expense, transformation expenses, and restructuring charges, adjusted operating income was $107 million.

•Net loss was $496 million, which included a $247 million valuation allowance on its U.S. federal deferred tax assets. Adjusted net income was $50 million, which excludes the litigation reserve expense, transformation and restructuring charges, and the valuation allowance.

•Diluted loss per share was $1.16. Adjusted diluted earnings per share was $0.12.

Fiscal 2025 Restructuring Plan

In the fourth quarter, the company recorded $8 million in restructuring charges, $13 million of restructuring in cost of goods sold, and $15 million in transformation-related SG&A expenses, for a total of $36 million under its Fiscal 2025 Restructuring Plan. To date, the company has incurred $261 million in total restructuring and transformation costs, slightly above its previous expectation of $255 million, including $109 million in cash and $152 million in non-cash charges. Following a comprehensive review, the company is initiating a targeted extension of the plan, bringing total program costs to approximately $305 million. The company expects the plan to be substantially complete by December 31, 2026.

Fiscal 2027 Outlook

Compared with fiscal 2026, key highlights of the company’s fiscal 2027 outlook include:

•Revenue is expected to decline slightly year over year, with a low single-digit decrease in North America partially offset by low single-digit growth in EMEA and Asia-Pacific.

•Gross Margin is expected to increase 220 to 270 basis points versus last year's gross margin. Approximately 150 basis points of this improvement is driven by an assumed reversal of International Emergency Economic Powers Act ("IEEPA") tariff costs expensed in fiscal 2026. Excluding this benefit, gross margin improvement reflects pricing actions and a more favorable channel mix, partially offset by higher tariff rates currently in place, along with supply chain headwinds related to the Middle East conflict.

•Including the additional transformation expenses related to the Fiscal 2025 Restructuring Plan, SG&A expenses are expected to decrease at a low single-digit rate. Excluding the transformation expenses, adjusted SG&A is expected to increase at a low single-digit rate. This increase reflects normalization of reduced prior year incentive compensation and benefit costs as part of the company's tariff mitigation strategy, as well as incremental marketing investment to strengthen the brand as the business stabilizes, while maintaining disciplined cost control.

•Operating income is expected to be in the range of $96 million to $116 million. Excluding expected transformation expenses and restructuring charges, adjusted operating income is anticipated to be $140 million to $160 million. This adjusted operating income includes an approximate $70 million benefit from the assumption that refunds from prior year IEEPA tariff expenses are realized, approximately $35 million of headwinds from the conflict in the Middle East, and approximately $30 million of incremental marketing investments.

•Diluted loss per share is expected to range from breakeven to $0.04. Excluding anticipated transformation expenses and restructuring charges, adjusted diluted earnings per share is expected to range from $0.08 to $0.12, reflecting continued investment and external cost pressures, partially offset by the benefit of tariff-related refunds. This also incorporates an anticipated effective tax rate considerably higher than the prior year, due to unfavorable regional mix and profitability.

Conference Call and Webcast

Under Armour will hold its fourth-quarter fiscal 2026 conference call today at approximately 8:30 a.m. Eastern Time. The call will stream live at https://about.underarmour.com/investor-relations/financials and will be available for replay approximately three hours after the live event.

Non-GAAP Financial Information

This press release discusses “constant currency” and "adjusted" results, as well as the company’s "adjusted" forward-looking estimates for the fiscal year ending March 31, 2027. Management believes this information is valuable for investors seeking to compare the company’s operational results across periods, as it provides clearer insight into underlying performance by excluding these impacts. Constant currency financial data removes fluctuations caused by foreign currency exchange rates. Adjusted financial measures exclude the effects of the company’s litigation reserve expense (and related insurance recoveries) and the company’s Fiscal 2025 Restructuring Plan, its associated charges, and related tax effects, as well as the valuation allowance against its U.S. federal deferred tax assets. Management states that these adjustments are not essential to the company’s core operations. The reconciliation of non-GAAP figures to the most directly comparable GAAP financial measure is included in the supplemental financial information accompanying this

release. All per-share amounts are reported on a diluted basis. These supplemental non-GAAP financial measures should not be viewed in isolation; they should be considered alongside the company’s reported results prepared in accordance with GAAP. Additionally, the company’s non-GAAP financial information may not be comparable to similar measures reported by other companies.

About Under Armour, Inc.

Under Armour, Inc., based in Baltimore, Maryland, is a global performance brand committed to empowering athletes everywhere. Since 1996, the company has advanced how athletes train, compete, and recover through innovative apparel, footwear, and accessories. In partnership with elite athletes and game changers, Under Armour is shaping the future of sport and inspiring those who strive for more. Learn more at http://about.underarmour.com.

Forward-Looking Statements

Some of the statements contained in this press release constitute forward-looking statements. Forward-looking statements relate to expectations, beliefs, projections, plans, strategies, anticipated events or trends, and similar expressions concerning matters that are not historical facts, such as statements regarding our share repurchase program, future financial condition or results of operations, growth prospects and strategies, potential restructuring efforts (including the scope, anticipated charges and costs, the timing of these measures, and the anticipated benefits of our restructuring initiatives), expectations related to promotional activities, freight, product cost pressures, foreign currency effects, the impact of global economic conditions (including changes in trade policy and inflation) on our results of operations, liquidity and use of capital resources, expectations related to tariffs, the development and introduction of new products, the execution of marketing strategies, benefits from significant investments, and impacts from litigation or other proceedings. In many cases, you can identify forward-looking statements by terms such as “may,” “will,” “could,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “outlook,” “potential,” or the negative of these terms or other comparable terminology. The forward-looking statements in this press release reflect our current views about future events. They are subject to risks, uncertainties, assumptions, and changes in circumstances that may cause events or our actual activities or results to differ significantly from those expressed in any forward-looking statement. Although we believe the expectations reflected in the forward-looking statements are reasonable, they are inherently uncertain. We cannot guarantee future events, results, actions, activity levels, performance, or achievements. Readers are cautioned not to place undue reliance on these forward-looking statements. Several important factors could cause actual results to differ materially from those indicated by these forward-looking statements, including, but not limited to: changes in general economic or market conditions (such as rising inflation and potential impacts of changes and uncertainties related to government fiscal, monetary, tax and trade policies) that could influence overall consumer spending or our industry; the impact of global events beyond our control, including military conflicts, public health events, and the effects of changes in the global trade environment, such as the imposition of new tariffs and countermeasures thereto, on our profitability; increased competition that may cause us to lose market share, lower product prices, or significantly increase marketing efforts; fluctuations in the costs of raw materials and commodities we use in our products and supply chain (including labor); our ability to successfully execute our long-term strategies; our ability to effectively drive operational efficiency in our business; changes in the financial health of our customers; our ability to effectively develop and launch new, innovative products and engage our consumers; our ability to accurately forecast consumer shopping and preferences and consumer demand for our products and to effectively manage our inventory; our ability to successfully execute any restructuring plans and achieve expected benefits; loss of key customers, suppliers, or manufacturers; our ability to further expand our business globally and drive brand awareness and consumer acceptance of our products in other countries; our ability to manage the increasingly complex

operations of our global business; our ability to effectively market and maintain a positive brand image; our ability to successfully manage or achieve expected outcomes from significant transactions and investments; our ability to attract key talent and retain the services of our senior management and other key employees; our ability to effectively meet regulatory requirements and stakeholder expectations with respect to sustainability and social matters; the availability, integration and effective operation of information systems and other technology, as well as any potential interruption of such systems or technology; any disruptions, delays or deficiencies in the design, implementation, or application of our global operating and financial reporting information technology system; our ability to access capital and financing required to manage our business on terms acceptable to us; our ability to accurately anticipate and respond to seasonal or quarterly fluctuations in our operating results; risks related to foreign currency exchange rate fluctuations; our ability to comply with existing trade and other regulations; risks related to data security or privacy breaches; and our potential exposure to and the financial impact of litigation and other proceedings. The forward-looking statements here reflect our views and assumptions only as of the date of this press release. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect unanticipated events.

# # #

Under Armour Contact:

Lance Allega

Senior Vice President, Finance & Capital Markets

(410) 246-6810

LAllega@underarmour.com

UNDER ARMOUR, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited; in thousands, except per share amounts)

Three Months Ended March 31, Year Ended March 31,

2026 % of Net

Revenues 2025 % of Net

Revenues 2026 % of Net

Revenues 2025 % of Net

Revenues

Net revenues $ 1,171,161 100.0 % $ 1,180,583 100.0 % $ 4,966,370 100.0 % $ 5,164,310 100.0 %

Cost of goods sold 679,123 58.0 % 629,801 53.3 % 2,707,512 54.5 % 2,689,566 52.1 %

Gross profit 492,038 42.0 % 550,782 46.7 % 2,258,858 45.5 % 2,474,744 47.9 %

Selling, general and administrative expenses 517,734 44.2 % 607,133 51.4 % 2,294,251 46.2 % 2,601,991 50.4 %

Restructuring charges 8,005 0.7 % 15,726 1.3 % 127,719 2.6 % 57,969 1.1 %

Income (loss) from operations (33,701) (2.9) % (72,077) (6.1) % (163,112) (3.3) % (185,216) (3.6) %

Interest income (expense), net (8,740) (0.7) % (3,321) (0.3) % (30,288) (0.6) % (6,115) (0.1) %

Other income (expense), net (55) — % (4,718) (0.4) % (7,276) (0.1) % (13,431) (0.3) %

Income (loss) before income taxes (42,496) (3.6) % (80,116) (6.8) % (200,676) (4.0) % (204,762) (4.0) %

Income tax expense (benefit) 866 0.1 % (12,198) (1.0) % 294,752 5.9 % (2,890) (0.1) %

Income (loss) from equity method investments (28) — % 461 — % (215) — % 605 — %

Net income (loss) $ (43,390) (3.7) % $ (67,457) (5.7) % $ (495,643) (10.0) % $ (201,267) (3.9) %

Basic net income (loss) per share of Class A, B and C common stock $ (0.10) $ (0.16) $ (1.16) $ (0.47)

Diluted net income (loss) per share of Class A, B and C common stock $ (0.10) $ (0.16) $ (1.16) $ (0.47)

Weighted average common shares outstanding Class A, B and C common stock

Basic 425,983 429,292 426,575 432,245

Diluted 425,983 429,292 426,575 432,245

UNDER ARMOUR, INC.

(Unaudited; in thousands)

NET REVENUES BY SEGMENT

Three Months Ended March 31, Year Ended March 31,

2026 2025 % Change 2026 2025 % Change

North America $ 640,873 $ 689,399 (7.0) % $ 2,859,420 $ 3,105,624 (7.9) %

EMEA 298,473 278,618 7.1 % 1,180,510 1,086,578 8.6 %

Asia-Pacific 185,688 164,828 12.7 % 719,134 755,437 (4.8) %

Latin America 55,199 45,087 22.4 % 234,191 215,427 8.7 %

Corporate Other (1)

(9,072) 2,651 NM (26,885) 1,244 NM

Total net revenues $ 1,171,161 $ 1,180,583 (0.8) % $ 4,966,370 $ 5,164,310 (3.8) %

NET REVENUES BY DISTRIBUTION CHANNEL

Three Months Ended March 31, Year Ended March 31,

2026 2025 % Change 2026 2025 % Change

Wholesale $ 747,722 $ 767,603 (2.6) % $ 2,831,787 $ 2,978,869 (4.9) %

Direct-to-consumer 405,659 386,110 5.1 % 2,054,115 2,089,607 (1.7) %

Net Sales 1,153,381 1,153,713 — % 4,885,902 5,068,476 (3.6) %

License revenues 26,852 24,219 10.9 % 107,353 94,590 13.5 %

Corporate Other (1)

(9,072) 2,651 NM (26,885) 1,244 NM

Total net revenues $ 1,171,161 $ 1,180,583 (0.8) % $ 4,966,370 $ 5,164,310 (3.8) %

NET REVENUES BY PRODUCT CATEGORY

Three Months Ended March 31, Year Ended March 31,

2026 2025 % Change 2026 2025 % Change

Apparel $ 777,963 $ 780,366 (0.3) % $ 3,395,053 $ 3,451,414 (1.6) %

Footwear 281,767 281,845 — % 1,076,383 1,206,202 (10.8) %

Accessories 93,651 91,502 2.3 % 414,466 410,860 0.9 %

Net Sales 1,153,381 1,153,713 — % 4,885,902 5,068,476 (3.6) %

Licensing revenues 26,852 24,219 10.9 % 107,353 94,590 13.5 %

Corporate Other (1)

(9,072) 2,651 NM (26,885) 1,244 NM

Total net revenues $ 1,171,161 $ 1,180,583 (0.8) % $ 4,966,370 $ 5,164,310 (3.8) %

(1) Corporate Other primarily includes net revenues from foreign currency hedge gains and losses generated by entities within the company’s operating segments but managed through its central foreign exchange risk management program. The percentage change for Corporate Other is not presented as it is not a meaningful metric (NM).

UNDER ARMOUR, INC.

(Unaudited; in thousands)

INCOME (LOSS) FROM OPERATIONS BY SEGMENT

Three Months Ended March 31, Year Ended March 31,

2026

% of Net Revenues(1)

2025

% of Net Revenues(1)

2026

% of Net Revenues(1)

2025

% of Net Revenues(1)

North America $ 77,208 12.0 % $ 100,302 14.5 % $ 442,503 15.5 % $ 629,518 20.3 %

EMEA 49,857 16.7 % 33,021 11.9 % 191,487 16.2 % 147,182 13.5 %

Asia-Pacific 20,734 11.2 % 15,029 9.1 % 84,466 11.7 % 73,187 9.7 %

Latin America 10,695 19.4 % 6,004 13.3 % 29,901 12.8 % 47,532 22.1 %

Corporate Other (2)

(192,195) NM (226,433) NM (911,469) NM (1,082,635) NM

Income (loss) from operations $ (33,701) (2.9) % $ (72,077) (6.1) % $ (163,112) (3.3) % $ (185,216) (3.6) %

(1) The percentage of operating income (loss) is calculated based on total segment net revenues. The operating income (loss) percentage for Corporate Other is not presented as it is not a meaningful metric (NM).

(2) Corporate Other primarily includes net revenues from foreign currency hedge gains and losses generated by entities within the company’s operating segments but managed through its central foreign exchange risk management program. Corporate Other also includes expenses related to the company's central supporting functions.

UNDER ARMOUR, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited; in thousands)

March 31, 2026 March 31, 2025

Assets

Current assets

Cash and cash equivalents $ 309,168 $ 501,361

Accounts receivable, net 681,861 675,822

Inventories 914,751 945,836

Restricted investments 605,396 —

Prepaid expenses and other current assets, net 207,507 206,078

Total current assets 2,718,683 2,329,097

Property and equipment, net 598,953 645,147

Operating lease right-of-use assets 429,622 384,341

Goodwill 492,768 487,632

Intangible assets, net 4,471 5,224

Deferred income taxes 52,282 286,160

Other long-term assets 118,915 163,270

Total assets $ 4,415,694 $ 4,300,871

Liabilities and Stockholders’ Equity

Current maturities of long-term debt $ 599,835 $ —

Accounts payable 420,077 429,944

Accrued expenses 331,391 348,747

Customer refund liabilities 126,097 146,021

Operating lease liabilities 153,050 130,050

Other current liabilities 46,336 54,381

Total current liabilities 1,676,786 1,109,143

Long-term debt, net of current maturities 590,609 595,125

Operating lease liabilities, non-current 596,139 574,277

Other long-term liabilities 137,800 132,048

Total liabilities 3,001,334 2,410,593

Total stockholders’ equity 1,414,360 1,890,278

Total liabilities and stockholders’ equity $ 4,415,694 $ 4,300,871

UNDER ARMOUR, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited; in thousands)

Year Ended March 31,

2026 2025

Cash flows from operating activities

Net income (loss) $ (495,643) $ (201,267)

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities

Depreciation and amortization 109,623 135,804

Unrealized foreign currency exchange rate (gain) loss 8,485 (14,636)

Loss on disposal of property and equipment 4,508 6,373

Non-cash restructuring and impairment charges 105,293 53,765

Amortization of bond premium and debt issuance costs 2,854 2,319

Stock-based compensation 45,625 52,974

Deferred income taxes 243,364 (61,794)

Changes in reserves and allowances (13,289) 4,409

Changes in operating assets and liabilities:

Accounts receivable (1,076) 79,981

Inventories 39,309 10,941

Prepaid expenses and other assets (31,818) 13,116

Other non-current assets (90,002) (41,777)

Accounts payable 5,928 (58,465)

Accrued expenses and other liabilities 10,463 (62,675)

Customer refund liabilities (19,773) 6,805

Income taxes payable and receivable 1,061 14,808

Net cash provided by (used in) operating activities (75,088) (59,319)

Cash flows from investing activities

Purchases of property and equipment (87,075) (168,684)

Purchase of restricted investment (601,235) —

Sale of MyFitnessPal platform — 50,000

Sale of MapMyFitness platform — 8,000

Purchase of UNLESS COLLECTIVE, Inc, net of cash acquired (500) (8,120)

Purchase of equity method investment in ISC Sport — (7,546)

Net cash provided by (used in) investing activities (688,810) (126,350)

Cash flows from financing activities

Common stock repurchased (25,000) (90,000)

Proceeds from long-term debt and revolving credit facility 890,000 —

Repayment of long-term debt and revolving credit facility (290,000) (80,919)

Employee taxes paid for shares withheld for income taxes (8,284) (9,686)

Excise tax paid on repurchases of common stock (743) (628)

Proceeds from exercise of stock options and other stock issuances 2,190 2,494

Payments of debt financing costs (7,535) (2,067)

Net cash provided by (used in) financing activities 560,628 (180,806)

Effect of exchange rate changes on cash, cash equivalents and restricted cash 280 4,609

Net increase (decrease) in cash, cash equivalents and restricted cash (202,990) (361,866)

Cash, cash equivalents and restricted cash - Beginning of period 515,051 876,917

Cash, cash equivalents and restricted cash - End of period $ 312,061 $ 515,051

UNDER ARMOUR, INC.

(Unaudited)

The table below presents the reconciliation of net revenue growth (decline) calculated in accordance with GAAP to constant currency net revenue, a non-GAAP measure. For further information regarding the company's use of non-GAAP financial measures, see "Non-GAAP Financial Information" above.

CONSTANT CURRENCY NET REVENUE GROWTH (DECLINE) RECONCILIATION

Three Months Ended March 31, 2026 Year Ended

March 31, 2026

Total Net Revenue

Net revenue growth (decline) - GAAP (0.8) % (3.8) %

Foreign exchange impact (3.4) % (1.4) %

Constant currency net revenue growth (decline) - Non-GAAP (4.2) % (5.2) %

North America

Net revenue growth (decline) - GAAP (7.0) % (7.9) %

Foreign exchange impact (0.5) % — %

Constant currency net revenue growth (decline) - Non-GAAP (7.5) % (7.9) %

EMEA

Net revenue growth (decline) - GAAP 7.1 % 8.6 %

Foreign exchange impact (8.4) % (5.3) %

Constant currency net revenue growth (decline) - Non-GAAP (1.3) % 3.3 %

Asia-Pacific

Net revenue growth (decline) - GAAP 12.7 % (4.8) %

Foreign exchange impact (4.5) % (1.2) %

Constant currency net revenue growth (decline) - Non-GAAP 8.2 % (6.0) %

Latin America

Net revenue growth (decline) - GAAP 22.4 % 8.7 %

Foreign exchange impact (14.3) % (2.7) %

Constant currency net revenue growth (decline) - Non-GAAP 8.1 % 6.0 %

Total International

Net revenue growth (decline) - GAAP 10.4 % 3.7 %

Foreign exchange impact (7.7) % (3.5) %

Constant currency net revenue growth (decline) - Non-GAAP 2.7 % 0.2 %

UNDER ARMOUR, INC.

(Unaudited; in thousands)

The tables below present the reconciliation of the company's condensed consolidated statement of operations in accordance with GAAP to specific adjusted non-GAAP financial measures discussed in this press release. For further information regarding the company's use of non-GAAP financial measures, see "Non-GAAP Financial Information" above.

ADJUSTED GROSS MARGIN RECONCILIATION

Three Months Ended

March 31, Year Ended

March 31,

2026 2025 2026 2025

GAAP gross margin 42.0 % 46.7 % 45.5 % 47.9 %

Add: Impact of restructuring charges 1.1 % — % 0.2 % — %

Adjusted gross margin 43.1 % 46.7 % 45.7 % 47.9 %

ADJUSTED SELLING, GENERAL AND ADMINISTRATIVE EXPENSES RECONCILIATION

Three Months Ended

March 31, Year Ended

March 31,

2026 2025 2026 2025

GAAP selling, general and administrative expenses $ 517,734 $ 607,133 $ 2,294,251 $ 2,601,991

Add: Impact of litigation reserve — (4,750) (98,500) (265,796)

Add: Impact of restructuring-related transformational expenses (15,177) (15,993) (30,595) (31,193)

Add: Impact of other impairment charges — — — (28,360)

Adjusted selling, general and administrative expenses $ 502,557 $ 586,390 $ 2,165,156 $ 2,276,642

ADJUSTED OPERATING INCOME (LOSS) RECONCILIATION

Three Months Ended

March 31, Year Ended

March 31,

2026 2025 2026 2025

GAAP income (loss) from operations $ (33,701) $ (72,077) $ (163,112) $ (185,216)

Add: Impact of litigation reserve — 4,750 98,500 265,796

Add: Impact of restructuring charges(1)

21,198 15,726 140,912 57,969

Add: Impact of restructuring-related transformational expenses 15,177 15,993 30,595 31,193

Add: Impact of other impairment charges — — — 28,360

Adjusted income (loss) from operations $ 2,674 $ (35,608) $ 106,895 $ 198,102

(1) Includes $13.2 million recorded within cost of goods sold for both the three months and year ended March 31, 2026 and $8.0 million and $127.7 million recorded within restructuring charges for the three months and year ended March 31, 2026, respectively.

UNDER ARMOUR, INC.

(Unaudited; in thousands, except per share amounts)

The table below presents the reconciliation of the company's condensed consolidated statement of operations in accordance with GAAP to specific adjusted non-GAAP financial measures discussed in this press release. For further information regarding the company's use of non-GAAP financial measures, see "Non-GAAP Financial Information" above.

ADJUSTED NET INCOME (LOSS) RECONCILIATION

Three Months Ended

March 31, Year Ended

March 31,

2026 2025 2026 2025

GAAP net income (loss) $ (43,390) $ (67,457) $ (495,643) $ (201,267)

Add: Impact of litigation reserve — 4,750 98,500 265,796

Add: Impact of restructuring charges 21,198 15,726 140,912 57,969

Add: Impact of restructuring-related transformational expenses 15,177 15,993 30,595 31,193

Add: Impact of other impairment charges — — — 28,360

Add: Impact of provision for income taxes (4,157) (3,711) 275,200 (46,983)

Adjusted net income (loss) $ (11,172) $ (34,699) $ 49,564 $ 135,068

ADJUSTED DILUTED EARNINGS (LOSS) PER SHARE RECONCILIATION

Three Months Ended

March 31, Year Ended

March 31,

2026 2025 2026 2025

GAAP diluted net income (loss) per share $ (0.10) $ (0.16) $ (1.16) $ (0.47)

Add: Impact of litigation reserve — 0.01 0.23 0.61

Add: Impact of restructuring charges 0.05 0.04 0.33 0.13

Add: Impact of restructuring-related transformational expenses 0.04 0.04 0.07 0.07

Add: Impact of other impairment charges — — — 0.07

Add: Impact of provision for income taxes (0.02) (0.01) 0.65 (0.10)

Adjusted diluted net income (loss) per share $ (0.03) $ (0.08) $ 0.12 $ 0.31

UNDER ARMOUR, INC.

OUTLOOK FOR THE THREE MONTHS ENDING JUNE 30, 2026 AND

YEAR ENDING MARCH 31, 2027

(Unaudited; in millions, except per share amounts)

The tables below reconcile the company's outlook for the first quarter and full year fiscal 2027, in accordance with GAAP, to specific adjusted non-GAAP financial measures discussed in this press release. For further information regarding the company's use of non-GAAP financial measures, see "Non-GAAP Financial Information" above.

ADJUSTED OPERATING INCOME (LOSS) RECONCILIATION

Three Months Ending June 30, 2026 Year Ending March 31, 2027

Low end of estimate High end of estimate Low end of estimate High end of estimate

GAAP income (loss) from operations $ 19 $ 29 $ 96 $ 116

Add: Impact of charges under the Fiscal 2025 Restructuring Plan 11 11 44 44

Adjusted income (loss) from operations $ 30 $ 40 $ 140 $ 160

ADJUSTED DILUTED EARNINGS (LOSS) PER SHARE RECONCILIATION

Three Months Ending June 30, 2026 Year Ending March 31, 2027

Low end of estimate High end of estimate Low end of estimate High end of estimate

GAAP diluted net income (loss) per share $ (0.02) $ 0.00 $ (0.04) $ 0.00

Add: Impact of charges under the Fiscal 2025 Restructuring Plan 0.03 0.03 0.10 0.10

Add: Impact of provision for income taxes (0.01) (0.01) 0.02 0.02

Adjusted diluted net income (loss) per share $ 0.00 $ 0.02 $ 0.08 $ 0.12

UNDER ARMOUR, INC.

COMPANY-OWNED & OPERATED DOOR COUNT

March 31, 2026 March 31, 2025

Factory House 184 180

Brand House 14 15

North America total doors 198 195

Factory House 188 178

Brand House 57 68

International total doors 245 246

Factory House 372 358

Brand House 71 83

Total doors 443 441

GRAPHIC

Filename: ualogo013117a01a.jpg · Sequence: 7

Binary file (12497 bytes)

Download ualogo013117a01a.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 9

v3.26.1

Cover

May 11, 2026

Entity Information [Line Items]

Document Type

8-K

Document Period End Date

May 11, 2026

Entity Registrant Name

UNDER ARMOUR, INC.

Entity Incorporation, State or Country Code

Entity File Number

001-33202

Entity Tax Identification Number

52-1990078

Entity Address, Address Line One

101 Performance Drive

Entity Address, Address Line One

Entity Address, City or Town

Baltimore

Entity Address, Postal Zip Code

21230

City Area Code

410

Local Phone Number

468-2512

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Entity Emerging Growth Company

false

Amendment Flag

false

Entity Central Index Key

0001336917

Class A Common Stock

Entity Information [Line Items]

Title of 12(b) Security

Class A Common Stock

Trading Symbol

UAA

Security Exchange Name

NYSE

Class C Common Stock

Entity Information [Line Items]

Title of 12(b) Security

Class C Common Stock

Trading Symbol

Security Exchange Name

NYSE

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:

dei_EntityInformationLineItems

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Details

Name:

us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassAMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassCMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type: