Under Armour (UA) 10-Q 4 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - Jun. 30, 2015 - shares	Total
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	UA
Entity Registrant Name	UNDER ARMOUR, INC.
Entity Central Index Key	1,336,917
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Class A Common Stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding	179,961,526
Class B Convertible Common Stock [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding	35,700,000
Common Class C [Member]
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding	0

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Assets
Cash and cash equivalents	$ 171,236	$ 593,175	$ 300,434
Accounts receivable, net	353,406	279,835	269,133
Inventories	836,605	536,714	662,388
Prepaid expenses and other current assets	125,130	87,177	97,190
Deferred income taxes	71,559	52,498	39,174
Total current assets	1,557,936	1,549,399	1,368,319
Property and equipment, net	430,536	305,564	255,018
Goodwill	591,771	123,256	123,395
Intangible assets, net	83,746	26,230	30,776
Deferred income taxes	32,387	33,570	37,706
Other long term assets	65,882	57,064	48,731
Total assets	2,762,258	2,095,083	1,863,945
Liabilities and Stockholders' Equity
Accounts payable	375,431	210,432	334,001
Accrued expenses	150,824	147,681	110,649
Current maturities of long term debt	42,737	28,951	19,650
Other current liabilities	22,303	34,563	15,945
Total current liabilities	591,295	421,627	480,245
Long term debt, net of current maturities	373,003	255,250	176,987
Revolving credit facility, long term	300,000	0	0
Other long term liabilities	82,380	67,906	65,954
Total liabilities	$ 1,346,678	$ 744,783	$ 723,186
Commitments and contingencies (see Note 4)
Stockholders' equity
Additional paid-in capital	$ 572,263	$ 508,350	$ 458,854
Retained earnings	870,640	856,687	681,380
Accumulated other comprehensive income	(27,395)	(14,808)	454
Total stockholders' equity	1,415,580	1,350,300	1,140,759
Total liabilities and stockholders' equity	2,762,258	2,095,083	1,863,945
Class A Common Stock [Member]
Stockholders' equity
Common Stock	60	59	58
Class B Convertible Common Stock [Member]
Stockholders' equity
Common Stock	12	12	13
Common Class C [Member]
Stockholders' equity
Common Stock	$ 0	$ 0	$ 0

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Class A Common Stock [Member]
Common Stock, Par or Stated Value Per Share	$ 0.0003	$ 0.0003	$ 0.0003
Common Stock, Shares Authorized	400,000,000	400,000,000	400,000,000
Shares issued		177,295,988	174,528,423
Shares outstanding		177,295,988	174,528,423
Class B Convertible Common Stock [Member]
Common Stock, Par or Stated Value Per Share	$ 0.0003	$ 0.0003	$ 0.0003
Common Stock, Shares Authorized		36,600,000	38,750,000
Shares issued		36,600,000	38,750,000
Shares outstanding		36,600,000	38,750,000
Common Class C [Member]
Common Stock, Par or Stated Value Per Share	$ 0.0003	$ 0.0003	$ 0.0003
Common Stock, Shares Authorized	400,000,000	400,000,000	400,000,000
Shares issued	0	0	0
Shares outstanding	0	0	0

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net revenues	$ 783,577	$ 609,654	$ 1,588,518	$ 1,251,261
Cost of goods sold	404,524	309,702	831,801	650,619
Gross profit	379,053	299,952	756,717	600,642
Selling, general and administrative expenses	347,152	265,258	697,149	539,092
Income from operations	31,901	34,694	59,568	61,550
Interest Income (Expense), Net	(4,262)	(1,227)	(6,472)	(2,073)
Other income (expense), net	41	247	(1,799)	(627)
Income before income taxes	27,680	33,714	51,297	58,850
Provision for income taxes	12,914	16,024	24,803	27,622
Net income	$ 14,766	$ 17,690	$ 26,494	$ 31,228
Net income available per common share
Basic	$ 0.07	$ 0.08	$ 0.12	$ 0.15
Diluted	$ 0.07	$ 0.08	$ 0.12	$ 0.14
Weighted average common shares outstanding
Weighted Average Number of Shares Outstanding, Basic	215,590	213,188	215,146	212,788
Diluted	219,921	217,294	219,721	217,134

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net income	$ 14,766	$ 17,690	$ 26,494	$ 31,228
Other comprehensive income:
Foreign currency translation adjustment	603	359	(12,226)	(1,218)
Unrealized gain on cash flow hedge, net of tax	(884)	(409)	(361)	(522)
Total other comprehensive income	(281)	(50)	(12,587)	(1,740)
Comprehensive income	$ 14,485	$ 17,640	$ 13,907	$ 29,488

Consolidated Statements of Com6

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax	$ (127,000)	$ (287,000)	$ (192,000)	$ (365,000)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities
Net income	$ 26,494	$ 31,228
Adjustments to reconcile net income to net cash used in operating activities
Depreciation and amortization	46,064	34,347
Unrealized foreign currency exchange rate (gains) losses	19,223	(100)
Loss on disposal of property and equipment	260	73
Stock-based compensation	21,296	23,860
Deferred Income Taxes and Tax Credits	(15,539)	(7,388)
Changes in reserves and allowances	10,710	1
Changes in operating assets and liabilities:
Accounts receivable	(85,104)	(53,090)
Inventories	(312,745)	(195,406)
Prepaid expenses and other assets	(21,082)	(16,514)
Accounts payable	170,131	175,674
Accrued expenses and other liabilities	643	(14,286)
Income taxes payable and receivable	(40,264)	(24,065)
Net cash used in operating activities	(179,913)	(45,666)
Cash flows from investing activities
Purchase of property and equipment	(165,485)	(68,901)
Payments to Acquire Businesses, Net of Cash Acquired	(539,460)	(10,924)
Payments to Acquire Productive Assets	(2,321)	(260)
Net cash used in investing activities	(707,266)	(80,085)
Cash flows from financing activities
Proceeds from Lines of Credit	300,000	0
Payments on revolving credit facility	0	(100,000)
Proceeds From Term Loan	150,000	150,000
Payments on long term debt	(18,461)	(6,286)
Excess tax benefits from stock-based compensation arrangements	37,672	26,301
Proceeds from exercise of stock options and other stock issuances	4,944	10,196
Payments of deferred financing costs	(947)	(1,714)
Net cash provided by financing activities	473,208	78,497
Effect of exchange rate changes on cash and cash equivalents	(7,968)	199
Net decrease in cash and cash equivalents	(421,939)	(47,055)
Cash and cash equivalents
Beginning of period	593,175	347,489
End of period	171,236	300,434
Noncash or Part Noncash Acquisition, Fixed Assets Acquired	(5,693)	(9,100)
Noncash or Part Noncash Acquisition, Fixed Assets Acquired Under Build-to-Suit Leases	5,631	0
Noncash or Part Noncash Acquisition, Value of Assets Acquired	$ 0	$ 11,233

Description of the Business

Description of the Business	6 Months Ended
	Jun. 30, 2015
Description of the Business	Description of the Business Under Armour, Inc. is a developer, marketer and distributor of branded performance apparel, footwear and accessories. These products are sold worldwide and worn by athletes at all levels, from youth to professional on playing fields around the globe, as well as by consumers with active lifestyles. The Under Armour Connected Fitness TM platform powers the world's largest digital health and fitness community. The Company uses this platform to engage its consumers and increase awareness and sales of its products.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements include the accounts of Under Armour, Inc. and its wholly owned subsidiaries (the “Company”). Certain information in footnote disclosures normally included in annual financial statements was condensed or omitted for the interim periods presented in accordance with the rules and regulations of the Securities and Exchange Commission (the “SEC”) and accounting principles generally accepted in the United States of America for interim consolidated financial statements. In the opinion of management, all adjustments consisting of normal, recurring adjustments considered necessary for a fair statement of the financial position and results of operations were included. All intercompany balances and transactions were eliminated. The consolidated balance sheet as of December 31, 2014 is derived from the audited financial statements included in the Company’s Annual Report on Form 10-K filed with the SEC for the year ended December 31, 2014 (the “ 2014 Form 10-K”), which should be read in conjunction with these consolidated financial statements. The results for the six months ended June 30, 2015 are not necessarily indicative of the results to be expected for the year ending December 31, 2015 or any other portions thereof. On March 17, 2014, the Board of Directors declared a two-for-one stock split of the Company's Class A and Class B common stock, which was effected in the form of a 100% common stock dividend distributed on April 14, 2014. Stockholders' equity and all references to share and per share amounts in the accompanying consolidated financial statements have been retroactively adjusted to reflect the two-for-one stock split for all periods presented. On January 5, 2015, the Company acquired 100% of the outstanding equity of Endomondo ApS (“Endomondo”), a Denmark-based digital connected fitness company. On March 17, 2015, the Company acquired 100% of the outstanding equity of MyFitnessPal, Inc. (“MFP”), a digital nutrition and connected fitness company. Both companies were acquired to expand the Under Armour Connected Fitness community. The purchase price allocation for each acquisition is reflected in the consolidated balance sheet as of June 30, 2015 . Concentration of Credit Risk Financial instruments that subject the Company to significant concentration of credit risk consist primarily of accounts receivable. The majority of the Company’s accounts receivable is due from large sporting goods retailers. Credit is extended based on an evaluation of the customer’s financial condition and collateral is not required. The Company had a customer in North America that individually accounted for 20.8% , 23.4% and 25.5% of accounts receivable as of June 30, 2015 , December 31, 2014 and June 30, 2014 , respectively. The Company's largest customer accounted for 12.1% and 15.5% of net revenues for the six months ended June 30, 2015 and 2014 , respectively. Allowance for Doubtful Accounts As of June 30, 2015 , December 31, 2014 and June 30, 2014 , the allowance for doubtful accounts was $5.1 million , $3.7 million and $3.3 million , respectively. Shipping and Handling Costs The Company charges certain customers shipping and handling fees. These fees are recorded in net revenues. The Company includes the majority of outbound handling costs as a component of selling, general and administrative expenses. Outbound handling costs include costs associated with preparing goods to ship to customers and certain costs to operate the Company’s distribution facilities. These costs, included within selling, general and administrative expenses, were $12.8 million and $11.7 million for the three months ended June 30, 2015 and 2014 , respectively, and $25.8 million and $23.0 million for the six months ended June 30, 2015 and 2014 , respectively. The Company includes outbound freight costs associated with shipping goods to customers as a component of cost of goods sold. Management Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Recently Issued Accounting Standards In May 2014, the Financial Accounting Standards Board (“FASB”) issued an Accounting Standards Update which supersedes the most current revenue recognition requirements. The new revenue recognition standard requires entities to recognize revenue in a way that depicts the transfer of goods or services to customers in an amount that reflects the consideration which the entity expects to be entitled to in exchange for those goods or services. This guidance is currently effective for annual and interim reporting periods beginning after December 15, 2016, with early adoption not permitted. In April 2015, the FASB approved a one-year deferral of the effective date of the new revenue recognition standard. The new standard will become effective for annual and interim periods beginning after December 15, 2017 with early adoption as of the original effective date permitted. The Company is currently evaluating this standard to determine the impact of its adoption on its consolidated financial statements. In February 2015, the FASB issued an Accounting Standard Update which amends the current consolidation guidance. This guidance is effective for annual reporting periods beginning after December 15, 2015 and interim reporting periods within fiscal years beginning after December 15, 2016, with early adoption permitted. The Company does not expect the adoption of this standard to have a significant impact on its consolidated financial statements. In April 2015, the FASB issued an Accounting Standard Update which requires all costs incurred to issue debt to be presented in the balance sheet as a direct deduction from the carrying value of the debt. This guidance is effective for annual and interim reporting periods beginning after December 15, 2015, with early adoption permitted. The Company does not expect the adoption of this standard to have a significant impact on its consolidated financial statements. In July 2015, the FASB issued an Accounting Standard Update which simplifies the measurement of inventory by requiring certain inventory to be measured at the lower of cost or net realizable value. This guidance is effective for fiscal years beginning after December 15, 2016 and for interim periods therein. The Company is currently evaluating this standard to determine the impact of its adoption on its consolidated financial statements. Recently Adopted Accounting Standards In January 2015, the FASB issued an Accounting Standards Update which eliminates from GAAP the concept of extraordinary items and the need to separately classify, present, and disclose extraordinary events and transactions. This guidance is effective for annual and interim reporting periods beginning after December 15, 2015, with early adoption permitted provided that the guidance is applied from the beginning of the fiscal year of adoption. The adoption of this pronouncement did not have a material impact on the Company's consolidated financial statements.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Acquisitions	Acquisitions Endomondo On January 5, 2015, the Company acquired 100% of the outstanding equity of Endomondo, a Denmark-based digital connected fitness company, to expand the Under Armour Connected Fitness community. The purchase price was $85.0 million , adjusted for working capital. The Company recognized $0.6 million and $0.8 million in acquisition related costs that were expensed during the three months ended March 31, 2015 and December 31, 2014 , respectively. These costs are included in the consolidated statements of income in the line item entitled “Selling, general and administrative expenses.” Pro forma results are not presented, as the acquisition was not considered material to the consolidated Company. MyFitnessPal On March 17, 2015, the Company acquired 100% of the outstanding equity of MFP, a digital nutrition and connected fitness company, to expand the Under Armour Connected Fitness community. The final adjusted transaction value totaled $474.0 million . The total consideration of $463.9 million was adjusted to reflect the accelerated vesting of certain share awards of MFP, which are not conditioned upon continued employment, and transaction costs borne by the selling shareholders. The acquisition was funded with $400.0 million of increased term loan borrowings and a draw on the revolving credit facility, with the remaining amount funded by cash on hand. The Company recognized $5.7 million of acquisition related costs that were expensed during the three months ended March 31, 2015. These costs are included in the consolidated statement of income in the line item entitled “Selling, general and administrative expenses.” The following represents the pro forma consolidated income statement as if MFP had been included in the consolidated results of the Company for the three and six months ended June 30, 2015 and June 30, 2014 : Three Months Ended June 30, Six months ended June 30, (In thousands) 2015 2014 2015 2014 Net revenues $ 783,577 $ 613,249 $ 1,592,213 $ 1,258,593 Net income 14,766 14,502 25,196 21,337 These amounts have been calculated after applying the Company’s accounting policies and adjusting the results of MFP to reflect the acquisition as if it closed on January 1, 2014. Pro forma net income for the six months ended June 30, 2014 reflects the impact of $5.7 million in transaction expenses included in the consolidated statement of income for the six months ended June 30, 2015 , but excluded from the calculation of pro forma net income for that period. These acquisitions have been accounted for as business combinations under the acquisition method and, accordingly, the total purchase price is allocated to the tangible and intangible assets acquired and the liabilities assumed based on their respective fair values on the acquisition dates, with the remaining unallocated purchase price recorded as goodwill. These purchase price allocations are final. The following table summarizes the allocation of estimated fair values of the net assets acquired, including the related estimated useful lives, where applicable: MyFitnessPal Endomondo (in thousands) Useful life (in years) (in thousands) Useful life (in years) Finite-lived intangible assets: User base $ 38,300 10 $ 10,600 10 Nutrition database 4,500 10 — N/A Technology 3,200 5 5,000 5 Trade name 2,300 5 400 5 Other assets acquired 16,190 3,738 Liabilities assumed (3,291 ) (2,784 ) Net assets acquired 61,199 16,954 Goodwill 402,728 70,290 Total fair value of consideration $ 463,927 $ 87,244 The Company estimated the acquisition date fair values of intangible assets based on income-based discounted cash flow models using estimates and assumptions regarding future operations. The Company is amortizing the intangible assets on a straight-line basis over their estimated useful lives. These costs are included in the consolidated statements of income in the line item entitled “Selling, general and administrative expenses.” The goodwill recorded as a result of the acquisitions primarily reflects unidentified intangible assets acquired, including operational synergies across the Company, assembled workforces, the value of integrating acquired technologies and engaging and growing the connected fitness community. The company is in the process of finalizing the goodwill allocation between its reportable segments. None of the goodwill is expected to be deductible for tax purposes.

Credit Facility and Long Term D

Credit Facility and Long Term Debt	6 Months Ended
	Jun. 30, 2015
Credit Facility and Long Term Debt	Credit Facility and Other Long Term Debt Credit Facility In March 2015, the Company amended its existing credit agreement, providing an additional $150.0 million of term loan borrowings, which were borrowed on the closing date of the amendment, resulting in aggregate term loan borrowings under the credit agreement of $400.0 million . This amendment also increased revolving credit facility commitments available under the credit agreement from $400.0 million to $800.0 million , of which the Company borrowed $250.0 million on the closing date of the amendment. These additional borrowings were used to fund, in part, the acquisition of MFP. At the Company's request and the lenders' consent, revolving and/or term loan borrowings may be increased by up to $300.0 million in aggregate, subject to certain conditions as set forth in the credit agreement, as amended. Incremental borrowings are uncommitted and the availability thereof will depend on market conditions at the time the Company seeks to incur such borrowings. Borrowings under the revolving credit facility may be made in U.S. Dollars, Euros, Pounds Sterling, Japanese Yen and Canadian Dollars. Up to $50.0 million of the facility may be used for the issuance of letters of credit and up to $50.0 million of the facility may be used for the issuance of swingline loans. There were no significant letters of credit or swingline loans outstanding as of June 30, 2015 . The credit agreement contains negative covenants that, subject to significant exceptions, limit the ability of the Company and its subsidiaries to, among other things, incur additional indebtedness, make restricted payments, pledge their assets as security, make investments, loans, advances, guarantees and acquisitions, undergo fundamental changes and enter into transactions with affiliates. The Company is also required to maintain a ratio of consolidated EBITDA, as defined in the credit agreement, to consolidated interest expense of not less than 3.50 to 1.00 and is not permitted to allow the ratio of consolidated total indebtedness to consolidated EBITDA to be greater than 3.25 to 1.00 ("consolidated leverage ratio"). As of June 30, 2015 , the Company was in compliance with these ratios. In addition, the credit agreement contains events of default that are customary for a facility of this nature, and includes a cross default provision whereby an event of default under other material indebtedness, as defined in the credit agreement, will be considered an event of default under the credit agreement. Borrowings under the credit agreement bear interest at a rate per annum equal to, at the Company’s option, either (a) an alternate base rate, or (b) a rate based on the rates applicable for deposits in the interbank market for U.S. Dollars or the applicable currency in which the loans are made (“adjusted LIBOR”), plus in each case an applicable margin. The applicable margin for loans will be adjusted by reference to a grid (the “Pricing Grid”) based on the consolidated leverage ratio and ranges between 1.00% to 1.25% for adjusted LIBOR loans and 0.00% to 0.25% for alternate base rate loans. The weighted average interest rates under the initial term loan, delayed draw term loan, new term loan and revolving credit facility were 1.31% during the three months ended June 30, 2015 , and 1.25% , 1.25% , 1.31% and 1.31% during the six months ended June 30, 2015 , respectively. As of June 30, 2015 , $300.0 million was outstanding under the Company’s revolving credit facility. Additionally, the Company pays a commitment fee on the average daily unused amount of the revolving credit facility and certain fees with respect to letters of credit. As of June 30, 2015 , the commitment fee was 15.0 basis points. The Company incurred and capitalized $2.9 million in deferred financing costs in connection with the credit facility. Other Long Term Debt The Company has long term debt agreements with various lenders to finance the acquisition or lease of qualifying capital investments. Loans under these agreements are collateralized by a first lien on the related assets acquired. At June 30, 2015 , December 31, 2014 and June 30, 2014 , the outstanding principal balance under these agreements was $0.7 million , $2.0 million and $3.4 million , respectively. Currently, advances under these agreements bear interest rates which are fixed at the time of each advance. The weighted average interest rates on outstanding borrowings were 3.2% and 3.1% for the three months ended June 30, 2015 and 2014 , respectively, and 3.1% and 3.2% for the six months ended June 30, 2015 and 2014 , respectively. In December 2012, the Company entered into a $50.0 million recourse loan collateralized by the land, buildings and tenant improvements comprising the Company's corporate headquarters. The loan has a seven year term and maturity date of December 2019 . The loan bears interest at one month LIBOR plus a margin of 1.50% , and allows for prepayment without penalty. The loan includes covenants and events of default substantially consistent with the Company's credit agreement discussed above. The loan also requires prior approval of the lender for certain matters related to the property, including transfers of any interest in the property. As of June 30, 2015 , December 31, 2014 and June 30, 2014 , the outstanding balance on the loan was $45.0 million , $46.0 million and $47.0 million , respectively. The weighted average interest rate on the loan was 1.7% for the three and six months ended June 30, 2015 and 2014 . Interest expense, net was $4.3 million and $1.2 million for the three months ended June 30, 2015 and 2014 , respectively, and $6.5 million and $2.1 million for the six months ended June 30, 2015 and 2014 , respectively. Interest expense includes the amortization of deferred financing costs, bank fees, capital lease interest and interest expense under the credit and other long term debt facilities. The Company monitors the financial health and stability of its lenders under the credit and other long term debt facilities, however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies	Commitments and Contingencies There were no significant changes to the contractual obligations reported in the 2014 Form 10-K other than those which occur in the normal course of business. In connection with various contracts and agreements, the Company has agreed to indemnify counterparties against certain third party claims relating to the infringement of intellectual property rights and other items. Generally, such indemnification obligations do not apply in situations in which the counterparties are grossly negligent, engage in willful misconduct, or act in bad faith. Based on the Company’s historical experience and the estimated probability of future loss, the Company has determined that the fair value of such indemnifications is not material to its consolidated financial position or results of operations. From time to time, the Company is involved in litigation and other proceedings, including matters related to commercial and intellectual property disputes, as well as trade, regulatory and other claims related to its business. Other than as described below, the Company believes that all current proceedings are routine in nature and incidental to the conduct of its business, and that the ultimate resolution of any such proceedings will not have a material adverse effect on its consolidated financial position, results of operations or cash flows. Following the Company’s announcement of the creation of a new class of common stock, referred to as the Class C common stock, par value $0.0003 1/3 per share, three purported class action lawsuits were brought against the Company and the members of the Company’s Board of Directors on behalf of the stockholders of the Company, the first of which was filed on June 18, 2015. These lawsuits were filed in the Circuit Court for Baltimore City, Maryland, and have been consolidated into one action, In re: Under Armour Shareholder Litigation , Case No. 24-C-15-003240. The lawsuits generally allege that the individual defendants breached their fiduciary duties in connection with approving the creation of the Class C common stock, as well as in connection with recommending that certain governance related changes to the Company’s charter be submitted to stockholders for approval at a special meeting to be held on August 26, 2015. Among other remedies, these lawsuits seek to enjoin any further actions from being taken with respect to both the issuance of any shares of Class C common stock and the matters being voted upon by stockholders at the special meeting. The lawsuits also seek unspecified money damages, costs and attorneys’ fees. The Company believes that the claims are without merit and intends to defend the lawsuit vigorously. However, because of the inherent uncertainty as to the outcome of this proceeding, the Company is unable at this time to estimate the possible impact of this matter.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2015
Fair Value Measurements	Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). The fair value accounting guidance outlines a valuation framework, creates a fair value hierarchy in order to increase the consistency and comparability of fair value measurements and the related disclosures, and prioritizes the inputs used in measuring fair value as follows: Level 1: Observable inputs such as quoted prices in active markets; Level 2: Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and Level 3: Unobservable inputs for which there is little or no market data, which require the reporting entity to develop its own assumptions. Financial assets and (liabilities) measured at fair value are set forth in the table below: June 30, 2015 December 31, 2014 June 30, 2014 (In thousands) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Derivative foreign currency contracts (see Note 9) $ — $ 1,396 $ — $ — $ 806 $ — $ — $ (531 ) $ — Interest rate swap contracts (see Note 9) — (1,032 ) — — (607 ) — — 201 — TOLI policies held by the Rabbi Trust — 4,717 — — 4,734 — — 4,751 — Deferred Compensation Plan obligations — (4,915 ) — — (4,525 ) — — (4,298 ) — Fair values of the financial assets and liabilities listed above are determined using inputs that use as their basis readily observable market data that are actively quoted and are validated through external sources, including third-party pricing services and brokers. The foreign currency contracts represent gains and losses on derivative contracts, which is the net difference between the U.S. dollar value to be received or paid at the contracts’ settlement date and the U.S. dollar value of the foreign currency to be sold or purchased at the current market exchange rate. The interest rate swap contracts represent gains and losses on the derivative contracts, which is the net difference between the fixed interest to be paid and variable interest to be received over the term of the contract based on current market rates. The fair value of the trust owned life insurance (“TOLI”) policies held by the Rabbi Trust is based on the cash-surrender value of the life insurance policies, which are invested primarily in mutual funds and a separately managed fixed income fund. These investments are initially made in the same funds and purchased in substantially the same amounts as the selected investments of participants in the Under Armour, Inc. Deferred Compensation Plan (the “Deferred Compensation Plan”), which represent the underlying liabilities to participants in the Deferred Compensation Plan. Liabilities under the Deferred Compensation Plan are recorded at amounts due to participants, based on the fair value of participants’ selected investments. The carrying value of the Company's long term debt approximated its fair value as of June 30, 2015 and 2014 . The fair value of the Company's long term debt was estimated based upon quoted prices for similar instruments (Level 2 input).

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2015
Stock-Based Compensation	Stock-Based Compensation During the six months ended June 30, 2015 , 0.7 million performance-based restricted stock units and 0.3 million performance-based options were awarded to certain officers and key employees under the Company's Second Amended and Restated 2005 Omnibus Long-Term Incentive Plan. The awards have vesting conditions tied to the achievement of certain combined annual operating income targets for 2015 and 2016. Upon the achievement of the targets, one third of the restricted stock units will vest each in February 2017 , February 2018 and February 2019 . If certain lower levels of combined annual operating income for 2015 and 2016 are achieved, fewer or no restricted stock units will vest and the remaining restricted stock units will be forfeited. The Company deemed the achievement of certain operating income targets for 2015 and 2016 probable during the three months ended March 31, 2015. The Company assesses the probability of the achievement of the remaining operating income targets at the end of each reporting period. If it becomes probable that any remaining performance targets related to these performance-based restricted stock units will be achieved, a cumulative adjustment will be recorded as if ratable stock-based compensation expense had been recorded since the grant date. Additional stock based compensation of up to $4.2 million would have been recorded during the six months ended June 30, 2015 , for these performance-based restricted stock units and options had the achievement of the remaining operating income targets been deemed probable. During 2014, the Company granted performance-based restricted stock units with vesting conditions tied to the achievement of certain combined annual operating income targets for 2014 and 2015. During the three months ended September 30, 2014, the Company deemed the achievement of certain operating income targets for 2014 and 2015 probable and recorded a cumulative adjustment of $3.8 million . Additional stock based compensation of up to $4.3 million would have been recorded during the six months ended June 30, 2015 , for these performance-based restricted stock units had the achievement of the remaining operating income targets been deemed probable. During 2012 and 2013, the Company granted performance-based restricted stock units with vesting conditions tied to the achievement of certain combined annual operating income targets for 2013 and 2014. During the three months ended March 31, 2014, the Company deemed the achievement of the remaining operating income targets for 2013 and 2014 probable and recorded a cumulative adjustment of $6.6 million . The Company issued approximately 289.7 thousand options to purchase shares of the Company’s Class A common stock in connection with the acquisition of MFP, which are conditioned upon continuous employment. These shares have been excluded from purchase consideration and will be recognized over the requisite service period as stock-based compensation.

Risk Management and Derivatives

Risk Management and Derivatives	6 Months Ended
	Jun. 30, 2015
Foreign Currency Risk Management and Derivatives	Risk Management and Derivatives Foreign Currency Risk Management The Company is exposed to gains and losses resulting from fluctuations in foreign currency exchange rates relating to transactions generated by its international subsidiaries in currencies other than their local currencies. These gains and losses are primarily driven by intercompany transactions and inventory purchases denominated in currencies other than the functional currency of the purchasing entity. From time to time, the Company may elect to enter into foreign currency contracts to reduce the risk associated with foreign currency exchange rate fluctuations on intercompany transactions and projected inventory purchases for its international subsidiaries. As the Company expands its international business, it may expand the current hedging program to include additional currency pairs and instruments. As of June 30, 2015 , the aggregate notional value of the Company's outstanding foreign currency contracts was $348.9 million , which was comprised of Canadian Dollar/U.S. Dollar, Euro/U.S. Dollar, Yen/Euro, Mexican Peso/Euro and Pound Sterling/Euro currency pairs with contract maturities ranging from one to eight months . A portion of the Company's foreign currency contracts are not designated as cash flow hedges, and accordingly, changes in their fair value are recorded in earnings. During 2014, the Company began entering into foreign currency contracts designated as cash flow hedges. For foreign currency contracts designated as cash flow hedges, changes in fair value, excluding any ineffective portion, are recorded in other comprehensive income until net income is affected by the variability in cash flows of the hedged transaction. The effective portion is generally released to net income after the maturity of the related derivative and is classified in the same manner as the underlying exposure. During the three and six months ended June 30, 2015 , the Company reclassified $1.0 million and $1.4 million , respectively, from other comprehensive income to cost of goods sold related to foreign currency contracts designated as cash flow hedges. The fair values of the Company's foreign currency contracts were assets of $1.4 million and $0.8 million as of June 30, 2015 and December 31, 2014 , respectively, and were included in prepaid expenses and other current assets on the consolidated balance sheet. The fair value of the Company's foreign currency contracts were liabilities of $0.5 million as of June 30, 2014 , and were included in accrued expenses on the consolidated balance sheet. Refer to Note 6 for a discussion of the fair value measurements. Included in other income (expense), net were the following amounts related to changes in foreign currency exchange rates and derivative foreign currency contracts: Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2015 2014 2015 2014 Unrealized foreign currency exchange rate gains (losses) $ 2,193 $ 755 $ (19,223 ) $ 100 Realized foreign currency exchange rate gains (losses) 2,516 (229 ) 8,857 222 Unrealized derivative gains (losses) (287 ) (88 ) (70 ) (18 ) Realized derivative gains (losses) (4,381 ) (191 ) 8,637 (931 ) Interest Rate Risk Management In order to maintain liquidity and fund business operations, the Company enters into long term debt arrangements with various lenders which bear a range of fixed and variable rates of interest. The nature and amount of the Company's long-term debt can be expected to vary as a result of future business requirements, market conditions and other factors. The Company may elect to enter into interest rate swap contracts to reduce the impact associated with interest rate fluctuations. The Company utilizes interest rate swap contracts to convert a portion of variable rate debt to fixed rate debt. The contracts pay fixed and receive variable rates of interest. The interest rate swap contracts are accounted for as cash flow hedges and accordingly, the effective portion of the changes in their fair value are recorded in other comprehensive income and reclassified into interest expense over the life of the underlying debt obligation. Refer to Note 4 for a discussion of long term debt. As of June 30, 2015 , the notional value of the Company's outstanding interest rate swap contracts was $ 179.4 million . During the three months ended June 30, 2015 and 2014 , the Company recorded a $0.7 million and $0.3 million increase in interest expense, respectively, representing the effective portion of the contract reclassified from accumulated other comprehensive income. During the six months ended June 30, 2015 and 2014 , the Company recorded a $1.4 million and $0.4 million increase in interest expense, respectively, representing the effective portion of the contract reclassified from accumulated other comprehensive income. The fair value of the interest rate swap contracts was a liability of $1.0 million and $0.6 million as of June 30, 2015 and December 31, 2014 , respectively, and was included in other long term liabilities on the consolidated balance sheet. The fair value of the interest rate swap contract was an asset of $0.2 million as of June 30, 2014 , and was included in other long term assets on the consolidated balance sheet. The Company enters into derivative contracts with major financial institutions with investment grade credit ratings and is exposed to credit losses in the event of non-performance by these financial institutions. This credit risk is generally limited to the unrealized gains in the foreign currency contracts. However, the Company monitors the credit quality of these financial institutions and considers the risk of counterparty default to be minimal.

Provision for Income Taxes

Provision for Income Taxes	6 Months Ended
	Jun. 30, 2015
Provision for Income Taxes	Provision for Income Taxes The effective rates for income taxes were 48.4% and 46.9% for the six months ended June 30, 2015 and 2014 , respectively. The effective tax rate for the six months ended June 30, 2015 was higher than the effective tax rate for the six months ended June 30, 2014 primarily due to continued international investments, along with increased non-deductible costs incurred in connection with our connected fitness acquisitions. The Company's annual 2015 effective tax rate is expected to be approximately 41.0% .

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2015
Earnings per Share	Earnings per Share The following represents a reconciliation from basic earnings per share to diluted earnings per share: Three Months Ended June 30, Six Months Ended June 30, (In thousands, except per share amounts) 2015 2014 2015 2014 Numerator Net income $ 14,766 $ 17,690 $ 26,494 $ 31,228 Denominator Weighted average common shares outstanding 215,590 213,188 215,146 212,788 Effect of dilutive securities 4,331 4,106 4,575 4,346 Weighted average common shares and dilutive securities outstanding 219,921 217,294 219,721 217,134 Earnings per share - basic $ 0.07 $ 0.08 $ 0.12 $ 0.15 Earnings per share - diluted $ 0.07 $ 0.08 $ 0.12 $ 0.14 Effects of potentially dilutive securities are presented only in periods in which they are dilutive. Stock options and restricted stock units representing 18.6 thousand and 48.6 thousand shares of common stock outstanding for the three months ended June 30, 2015 and 2014 , respectively, were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive. Stock options and restricted stock units representing 436.4 thousand and 86.2 thousand shares of common stock outstanding for the six months ended June 30, 2015 and 2014 , respectively, were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive.

Segment Data and Related Inform

Segment Data and Related Information	6 Months Ended
	Jun. 30, 2015
Segment Data and Related Information	Segment Data and Related Information The Company’s operating segments are based on how the Chief Operating Decision Maker (“CODM”) makes decisions about allocating resources and assessing performance. As such, the CODM receives discrete financial information for the Company's principal business by geographic region based on the Company’s strategy to become a global brand. These geographic regions include North America; Latin America; Europe, the Middle East and Africa (“EMEA”); and Asia-Pacific. Each geographic segment operates exclusively in one industry: the development, marketing and distribution of branded performance apparel, footwear and accessories. Beginning in the first quarter of 2015, the CODM began receiving discrete financial information for the Company's Connected Fitness business. Following the completion of the Company's acquisition of Endomondo and MFP in 2015, the Company has determined its Connected Fitness business is significant and will no longer be combined into other foreign countries for disclosure purposes. Due to the insignificance of the Latin America, EMEA and Asia-Pacific operating segments, they continue to be combined into other foreign countries for disclosure purposes. The net revenues and operating income (loss) associated with the Company's segments are summarized in the following tables. Net revenues represent sales to external customers for each segment. In addition to net revenues, operating income (loss) is a primary financial measure used by the Company to evaluate performance of each segment. Intercompany balances were eliminated for separate disclosure. The majority of corporate service costs within North America have not been allocated to other foreign countries or Connected Fitness; however, certain costs and revenues included within North America in the prior period have been allocated to Connected Fitness in the current period. Prior period segment data has been recast by an immaterial amount within the tables below to conform to current period presentation. Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2015 2014 2015 2014 Net revenues North America $ 680,776 $ 558,041 $ 1,381,288 $ 1,140,578 Other foreign countries 89,239 46,139 185,237 101,242 Connected Fitness 13,562 5,474 21,993 9,441 Total net revenues $ 783,577 $ 609,654 $ 1,588,518 $ 1,251,261 Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2015 2014 2015 2014 Operating income (loss) North America $ 52,352 $ 46,616 $ 90,721 $ 79,536 Other foreign countries (4,388 ) (7,074 ) (54 ) (7,727 ) Connected Fitness (16,063 ) (4,848 ) (31,099 ) (10,259 ) Total operating income 31,901 34,694 59,568 61,550 Interest expense, net (4,262 ) (1,227 ) (6,472 ) (2,073 ) Other income (expense), net 41 247 (1,799 ) (627 ) Income before income taxes $ 27,680 $ 33,714 $ 51,297 $ 58,850 Net revenues by product category are as follows: Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2015 2014 2015 2014 Apparel $ 515,252 $ 420,028 $ 1,070,707 $ 879,277 Footwear 153,619 109,536 314,585 223,580 Accessories 83,040 59,932 146,191 111,470 Total net sales 751,911 589,496 1,531,483 1,214,327 License revenues 18,104 14,684 35,042 27,493 Connected Fitness 13,562 5,474 21,993 9,441 Total net revenues $ 783,577 $ 609,654 $ 1,588,518 $ 1,251,261

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that subject the Company to significant concentration of credit risk consist primarily of accounts receivable. The majority of the Company’s accounts receivable is due from large sporting goods retailers. Credit is extended based on an evaluation of the customer’s financial condition and collateral is not required. The Company had a customer in North America that individually accounted for 20.8% , 23.4% and 25.5% of accounts receivable as of June 30, 2015 , December 31, 2014 and June 30, 2014 , respectively. The Company's largest customer accounted for 12.1% and 15.5% of net revenues for the six months ended June 30, 2015 and 2014 , respectively.
Allowance For Doubtful Accounts	Allowance for Doubtful Accounts As of June 30, 2015 , December 31, 2014 and June 30, 2014 , the allowance for doubtful accounts was $5.1 million , $3.7 million and $3.3 million , respectively.
Shipping and Handling Costs	Shipping and Handling Costs The Company charges certain customers shipping and handling fees. These fees are recorded in net revenues. The Company includes the majority of outbound handling costs as a component of selling, general and administrative expenses. Outbound handling costs include costs associated with preparing goods to ship to customers and certain costs to operate the Company’s distribution facilities. These costs, included within selling, general and administrative expenses, were $12.8 million and $11.7 million for the three months ended June 30, 2015 and 2014 , respectively, and $25.8 million and $23.0 million for the six months ended June 30, 2015 and 2014 , respectively. The Company includes outbound freight costs associated with shipping goods to customers as a component of cost of goods sold.
Management Estimates	Management Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.

Stockholders' Equity (Policies)

Stockholders' Equity (Policies)	6 Months Ended
	Jun. 30, 2015
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	Stockholders' Equity In June 2015, the Company's Board of Directors (the “Board”) approved Articles Supplementary to the Company's charter which designated 400,000,000 shares of common stock as a new class of common stock, referred to as the Class C common stock, par value $0.0003 1/3 per share. The Articles Supplementary became effective on June 15, 2015. The Company has not yet issued any shares of Class C common stock, but the Company has announced the intention of its Board to consider distributing shares of the Class C common stock as a dividend to the Company's holders of Class A and Class B common stock. The decision to proceed with, and timing of, this dividend will be made by the Board in its discretion and there can be no assurance that this dividend will be declared or paid. The terms of the Class C common stock are substantially identical to those of the Company's Class A common stock, except that the Class C common stock has no voting rights (except in limited circumstances), will automatically convert into Class A common stock under certain circumstances and includes provisions intended to ensure equal treatment of Class C common stock and Class B common stock in certain corporate transactions, such as mergers, consolidations, statutory share exchanges, conversions or negotiated tender offers, and including consideration incidental to these transactions.

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2015
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Business Acquisition, Pro Forma Information [Table Text Block]	The following represents the pro forma consolidated income statement as if MFP had been included in the consolidated results of the Company for the three and six months ended June 30, 2015 and June 30, 2014 : Three Months Ended June 30, Six months ended June 30, (In thousands) 2015 2014 2015 2014 Net revenues $ 783,577 $ 613,249 $ 1,592,213 $ 1,258,593 Net income 14,766 14,502 25,196 21,337
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	The following table summarizes the allocation of estimated fair values of the net assets acquired, including the related estimated useful lives, where applicable: MyFitnessPal Endomondo (in thousands) Useful life (in years) (in thousands) Useful life (in years) Finite-lived intangible assets: User base $ 38,300 10 $ 10,600 10 Nutrition database 4,500 10 — N/A Technology 3,200 5 5,000 5 Trade name 2,300 5 400 5 Other assets acquired 16,190 3,738 Liabilities assumed (3,291 ) (2,784 ) Net assets acquired 61,199 16,954 Goodwill 402,728 70,290 Total fair value of consideration $ 463,927 $ 87,244

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2015
Financial Assets And (Liabilities) Measured At Fair Value	Financial assets and (liabilities) measured at fair value are set forth in the table below: June 30, 2015 December 31, 2014 June 30, 2014 (In thousands) Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Derivative foreign currency contracts (see Note 9) $ — $ 1,396 $ — $ — $ 806 $ — $ — $ (531 ) $ — Interest rate swap contracts (see Note 9) — (1,032 ) — — (607 ) — — 201 — TOLI policies held by the Rabbi Trust — 4,717 — — 4,734 — — 4,751 — Deferred Compensation Plan obligations — (4,915 ) — — (4,525 ) — — (4,298 ) —

Risk Management and Derivativ23

Risk Management and Derivatives (Tables)	6 Months Ended
	Jun. 30, 2015
Changes in Foreign Currency Exchange Rates and Derivative Foreign Currency Forward Contracts	Included in other income (expense), net were the following amounts related to changes in foreign currency exchange rates and derivative foreign currency contracts: Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2015 2014 2015 2014 Unrealized foreign currency exchange rate gains (losses) $ 2,193 $ 755 $ (19,223 ) $ 100 Realized foreign currency exchange rate gains (losses) 2,516 (229 ) 8,857 222 Unrealized derivative gains (losses) (287 ) (88 ) (70 ) (18 ) Realized derivative gains (losses) (4,381 ) (191 ) 8,637 (931 )

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2015
Schedule of Reconciliation of Basic Earnings per Share to Diluted Earnings per Share	The following represents a reconciliation from basic earnings per share to diluted earnings per share: Three Months Ended June 30, Six Months Ended June 30, (In thousands, except per share amounts) 2015 2014 2015 2014 Numerator Net income $ 14,766 $ 17,690 $ 26,494 $ 31,228 Denominator Weighted average common shares outstanding 215,590 213,188 215,146 212,788 Effect of dilutive securities 4,331 4,106 4,575 4,346 Weighted average common shares and dilutive securities outstanding 219,921 217,294 219,721 217,134 Earnings per share - basic $ 0.07 $ 0.08 $ 0.12 $ 0.15 Earnings per share - diluted $ 0.07 $ 0.08 $ 0.12 $ 0.14

Segment Data and Related Info25

Segment Data and Related Information (Tables)	6 Months Ended
	Jun. 30, 2015
Reconciliation of Revenue from Segments to Consolidated	Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2015 2014 2015 2014 Net revenues North America $ 680,776 $ 558,041 $ 1,381,288 $ 1,140,578 Other foreign countries 89,239 46,139 185,237 101,242 Connected Fitness 13,562 5,474 21,993 9,441 Total net revenues $ 783,577 $ 609,654 $ 1,588,518 $ 1,251,261
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2015 2014 2015 2014 Operating income (loss) North America $ 52,352 $ 46,616 $ 90,721 $ 79,536 Other foreign countries (4,388 ) (7,074 ) (54 ) (7,727 ) Connected Fitness (16,063 ) (4,848 ) (31,099 ) (10,259 ) Total operating income 31,901 34,694 59,568 61,550 Interest expense, net (4,262 ) (1,227 ) (6,472 ) (2,073 ) Other income (expense), net 41 247 (1,799 ) (627 ) Income before income taxes $ 27,680 $ 33,714 $ 51,297 $ 58,850
Net Revenues by Product Category	Net revenues by product category are as follows: Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2015 2014 2015 2014 Apparel $ 515,252 $ 420,028 $ 1,070,707 $ 879,277 Footwear 153,619 109,536 314,585 223,580 Accessories 83,040 59,932 146,191 111,470 Total net sales 751,911 589,496 1,531,483 1,214,327 License revenues 18,104 14,684 35,042 27,493 Connected Fitness 13,562 5,474 21,993 9,441 Total net revenues $ 783,577 $ 609,654 $ 1,588,518 $ 1,251,261

Summary Of Significant Accoun26

Summary Of Significant Accounting Policies (Schedule Of Customers That Accounted For A Large Portion Of Net Revenues And Accounts Receivable) (Detail) - Customer A [Member]	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Net Revenues [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	12.10%	15.50%
Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration Credit Risk, Percentage	20.80%	25.50%	23.40%

Summary Of Significant Accoun27

Summary Of Significant Accounting Policies (Narrative) (Detail) - USD ($) $ in Millions	Apr. 14, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Mar. 17, 2015	Jan. 05, 2015	Dec. 31, 2014
Summary Of Significant Accounting Policies [Line Items]
Stock Issued During Period, Shares, Stock Splits	1
Allowance for doubtful accounts receivable		$ 5.1	$ 3.3	$ 5.1	$ 3.3			$ 3.7
Shipping and handling costs		$ 12.8	$ 11.7	$ 25.8	$ 23
Endomondo [Member]
Summary Of Significant Accounting Policies [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Percentage							100.00%
MyFitnessPal [Member]
Summary Of Significant Accounting Policies [Line Items]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Percentage						100.00%

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Mar. 17, 2015	Jan. 05, 2015
Business Acquisition [Line Items]
Goodwill	$ 591,771		$ 123,256	$ 123,395	$ 591,771	$ 123,395
Net revenues	783,577			613,249	1,592,213	1,258,593
Proceeds from Lines of Credit					300,000	0
Net Income	$ 14,766			$ 14,502	$ 25,196	$ 21,337
MyFitnessPal [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets							$ 16,190
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities							(3,291)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill							61,199
Goodwill							$ 402,728
Business Combination, Step Acquisition, Equity Interest in Acquiree, Percentage							100.00%
Transaction Value							$ 474,000
Proceeds from Lines of Credit		$ 400,000
Business Combination, Acquisition Related Costs		5,700
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net							463,927
Endomondo [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets								$ 3,738
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities								(2,784)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill								16,954
Goodwill								$ 70,290
Business Combination, Step Acquisition, Equity Interest in Acquiree, Percentage								100.00%
Payments to Acquire Businesses								$ 85,000
Business Combination, Acquisition Related Costs		$ 600	$ 800
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net								87,244
Customer Lists [Member] | MyFitnessPal [Member]
Business Acquisition [Line Items]
User base							38,300
Finite-Lived Intangible Asset, Useful Life					10 years
Customer Lists [Member] | Endomondo [Member]
Business Acquisition [Line Items]
User base								10,600
Finite-Lived Intangible Asset, Useful Life					10 years
Nutrition Database [Member] | MyFitnessPal [Member]
Business Acquisition [Line Items]
User base							4,500
Finite-Lived Intangible Asset, Useful Life					10 years
Nutrition Database [Member] | Endomondo [Member]
Business Acquisition [Line Items]
User base								0
Finite-Lived Intangible Asset, Useful Life
Technology-Based Intangible Assets [Member] | MyFitnessPal [Member]
Business Acquisition [Line Items]
User base							3,200
Finite-Lived Intangible Asset, Useful Life					5 years
Technology-Based Intangible Assets [Member] | Endomondo [Member]
Business Acquisition [Line Items]
User base								5,000
Finite-Lived Intangible Asset, Useful Life					5 years
Trade Names [Member] | MyFitnessPal [Member]
Business Acquisition [Line Items]
User base							$ 2,300
Finite-Lived Intangible Asset, Useful Life					5 years
Trade Names [Member] | Endomondo [Member]
Business Acquisition [Line Items]
User base								$ 400
Finite-Lived Intangible Asset, Useful Life					5 years

Credit Facility And Long Term29

Credit Facility And Long Term Debt (Detail) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Dec. 31, 2012	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2012	Mar. 31, 2015	Dec. 31, 2014
Debt Disclosure [Line Items]
Proceeds from Lines of Credit				$ 300,000	$ 0
Payments on revolving credit facility				0	(100,000)
Deferred Finance Costs, Net		$ 2,900		$ 2,900
Commitment fee as percentage of the committed line amount less outstanding borrowings and letters of credit				15.00%
Line of Credit Facility, Unused Borrowing Capacity		300,000		$ 300,000
Long term debt agreements principal outstanding		700	$ 3,400	700	3,400			$ 2,000
Repayments of Long-term Debt				18,461	6,286
Interest Income (Expense), Net		$ (4,262)	$ (1,227)	$ (6,472)	$ (2,073)
LIBOR Rate [Member]
Debt Disclosure [Line Items]
Interest rate margin, minimum		1.00%		1.00%
Interest rate margin, maximum		1.25%		1.25%
Prime Rate [Member]
Debt Disclosure [Line Items]
Interest rate margin, minimum		0.00%		0.00%
Interest rate margin, maximum		0.25%		0.25%
Long-term Debt [Member]
Debt Disclosure [Line Items]
Weighted Average Interest Rate		3.20%	3.10%	3.10%	3.20%
Revolving Credit Facility [Member]
Debt Disclosure [Line Items]
Weighted Average Interest Rate		1.31%		1.31%
New Term Loan [Member]
Debt Disclosure [Line Items]
Weighted Average Interest Rate		1.31%		1.31%
Delayed Draw Term Loan [Member]
Debt Disclosure [Line Items]
Weighted Average Interest Rate		1.31%		1.25%
Initial Term Loan [Member]
Debt Disclosure [Line Items]
Weighted Average Interest Rate		1.31%		1.25%
Term Loan Facility [Member]
Debt Disclosure [Line Items]
Line of Credit Facility, Amount Outstanding							$ 400,000
Revolving Credit Facility [Member]
Debt Disclosure [Line Items]
Credit facility maximum borrowing capacity		$ 800,000		$ 800,000
Line of Credit Facility, Initial Borrowing Capacity		400,000		400,000
Line of Credit Facility, Amount Outstanding		300,000		300,000			250,000
Letter of Credit [Member]
Debt Disclosure [Line Items]
Credit facility maximum borrowing capacity		50,000		50,000
Swingline Loan [Member]
Debt Disclosure [Line Items]
Credit facility maximum borrowing capacity		$ 50,000		$ 50,000
New Term Loan [Member]
Debt Disclosure [Line Items]
Line of Credit Facility, Amount Outstanding							$ 150,000
Secured Debt [Member]
Debt Disclosure [Line Items]
Debt Facility Term Period	7 years
Weighted Average Interest Rate		1.70%	1.70%	1.70%	1.70%
Debt Instrument, Maturity Date	Dec. 1, 2019
Secured Debt	$ 50,000	$ 45,000	$ 47,000	$ 45,000	$ 47,000	$ 50,000		$ 46,000
Secured Debt [Member] | LIBOR Rate [Member]
Debt Disclosure [Line Items]
Debt Instrument, Basis Spread on Variable Rate						1.50%
Debt [Member]
Debt Disclosure [Line Items]
Line of Credit Facility, Covenant Terms				3.25
EBITDA [Member]
Debt Disclosure [Line Items]
Line of Credit Facility, Covenant Terms				1
EBITDA [Member]
Debt Disclosure [Line Items]
Line of Credit Facility, Covenant Terms				3.50
Interest Expense [Member]
Debt Disclosure [Line Items]
Line of Credit Facility, Covenant Terms				1

Commitments and Contingencies C

Commitments and Contingencies Commitments and Contingencies (Details) - $ / shares	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Common Class C [Member]
Other Commitments [Line Items]
Common Stock, Par or Stated Value Per Share	$ 0.0003	$ 0.0003	$ 0.0003

Fair Value Measurements (Financ

Fair Value Measurements (Financial Assets And (Liabilities) Measured At Fair Value) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	$ 0	$ 0	$ 0	$ 0	$ 0
TOLI policies held by the Rabbi Trust	0	0	0	0	0
Deferred Compensation Plan obligations	0	0	0	0	0
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	1,396		1,396		806
Foreign Currency Contracts, Liability, Fair Value Disclosure		(531)		(531)
TOLI policies held by the Rabbi Trust	4,717	4,751	4,717	4,751	4,734
Deferred Compensation Plan obligations	(4,915)	(4,298)	(4,915)	(4,298)	(4,525)
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	0	0	0	0	0
TOLI policies held by the Rabbi Trust	0	0	0	0	0
Deferred Compensation Plan obligations	0	0	0	0	0
Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	700	300	1,400	400
Interest Rate Swap [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest Rate Derivatives, at Fair Value, Net	0	0	0	0	0
Interest Rate Swap [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest Rate Derivatives, at Fair Value, Net	(1,032)	201	(1,032)	201	(607)
Interest Rate Swap [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest Rate Derivatives, at Fair Value, Net	$ 0	$ 0	$ 0	$ 0	$ 0

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Debt Instrument [Line Items]
Debt instrument, carrying value	$ 700	$ 2,000	$ 3,400
Fair Value, Inputs, Level 1 [Member]
Debt Instrument [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	$ 0	$ 0	$ 0

Stock-Based Compensation (Detai

Stock-Based Compensation (Detail) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Mar. 31, 2015	Sep. 30, 2014	Mar. 31, 2014	Jun. 30, 2015	Jun. 30, 2014
Performance-Based Restricted Stock Units Granted in 2015 [Domain]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period				700,000
Performance-Based Options Granted in 2015 [Domain]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross				300,000
Performance-Based Restricted Stock Units Granted in 2013 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Additional stock-based compensation that would have been recorded if operating income targets had been deemed probable					$ 4.2
Performance Based Restricted Stock Units Granted In 2014 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense, Cumulative Adjustment		$ 3.8
Additional stock-based compensation that would have been recorded if operating income targets had been deemed probable				$ 4.3
Performance Based Restricted Stock Units Granted In 2012 & 2013 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense, Cumulative Adjustment			$ 6.6
Performance Based Restricted Stock Units [Member] | Stock Vesting On February Two Thousand Sixteen [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Annual Vesting Percentage				33.33%
Performance Based Restricted Stock Units [Member] | Stock Vesting In February Two Thousand Eighteen [Domain]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Annual Vesting Percentage				33.33%
Performance Based Restricted Stock Units [Member] | Stock Vesting In February Two Thousand Nineteen [Domain]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Annual Vesting Percentage				33.33%
MyFitnessPal [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	289,700

Stockholders' Equity (Details)

Stockholders' Equity (Details) - Common Class C [Member] - $ / shares	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014
Class of Stock [Line Items]
Common Stock, Shares Authorized	400,000,000	400,000,000	400,000,000
Common Stock, Par or Stated Value Per Share	$ 0.0003	$ 0.0003	$ 0.0003

Risk Management And Derivativ35

Risk Management And Derivatives (Narrative) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Derivative [Line Items]
Maturity of foreign currency forward contract			8 months
Foreign Currency Cash Flow Hedge Gain (Loss) Reclassified to Earnings, Net	$ 1,000		$ 1,400
Notional Amount of Interest Rate Derivatives	348,900		$ 348,900
Derivative, Lower Remaining Maturity Range			1 month
Interest Rate Swap [Member]
Derivative [Line Items]
Notional Amount of Interest Rate Derivatives	179,400		$ 179,400
Derivative Instruments, Gain (Loss) Recognized in Income, Net	700	$ 300	1,400	$ 400
Fair Value, Inputs, Level 2 [Member]
Derivative [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	1,396		1,396		$ 806
Foreign Currency Contracts, Liability, Fair Value Disclosure		(531)		(531)
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]
Derivative [Line Items]
Interest Rate Derivatives, at Fair Value, Net	$ (1,032)	$ 201	$ (1,032)	$ 201	$ (607)

Risk Management And Derivativ36

Risk Management And Derivatives (Changes In Foreign Currency Exchange Rates And Derivative Foreign Currency Forward Contracts) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Foreign Currency Exchange Gain Loss [Line Items]
Maturity of foreign currency forward contract			8 months
Unrealized foreign currency exchange rate gains (losses)	$ 2,193	$ 755	$ (19,223)	$ 100
Realized foreign currency exchange rate gains (losses)	2,516	(229)	8,857	222
Unrealized derivative gains (losses)	(287)	(88)	(70)	(18)
Realized derivative gains (losses)	4,381	$ 191	(8,637)	$ 931
Fair Value, Inputs, Level 2 [Member]
Foreign Currency Exchange Gain Loss [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	$ 1,396		$ 1,396		$ 806

Provision For Income Taxes (Det

Provision For Income Taxes (Detail)	6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2015
Provision For Income Taxes [Line Items]
Effective tax rate	48.40%	46.90%
Scenario, Forecast [Member]
Provision For Income Taxes [Line Items]
Expected Effective Income Tax Rate Continuing Operations			41.00%

Earnings Per Share (Schedule Of

Earnings Per Share (Schedule Of Reconciliation Of Basic Earnings Per Share To Diluted Earnings Per Share) (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net income	$ 14,766	$ 17,690	$ 26,494	$ 31,228
Weighted Average Number of Shares Outstanding, Basic	215,590	213,188	215,146	212,788
Effect of dilutive securities	4,331	4,106	4,575	4,346
Weighted Average Number of Shares Outstanding, Diluted	219,921	217,294	219,721	217,134
Earnings per share - basic	$ 0.07	$ 0.08	$ 0.12	$ 0.15
Earnings per share - diluted	$ 0.07	$ 0.08	$ 0.12	$ 0.14

Earnings Per Share (Narrative)

Earnings Per Share (Narrative) (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares excluded from the computation of diluted earnings per share	18,600	48,600	436,400	86,200

Segment Data And Related Info40

Segment Data And Related Information (Geographic Distribution Of The Company's Net Revenues And Operating Income) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Total net revenues	$ 783,577	$ 609,654	$ 1,588,518	$ 1,251,261
Total operating income	31,901	34,694	59,568	61,550
Interest Income (Expense), Net	(4,262)	(1,227)	(6,472)	(2,073)
Other income (expense), net	41	247	(1,799)	(627)
Income before income taxes	27,680	33,714	51,297	58,850
North America [Member]
Segment Reporting Information [Line Items]
Total net revenues	680,776	558,041	1,381,288	1,140,578
Total operating income	52,352	46,616	90,721	79,536
Other Foreign Countries [Member]
Segment Reporting Information [Line Items]
Total net revenues	89,239	46,139		101,242
Total operating income	(4,388)	(7,074)		(7,727)
Connected Fitness [Member]
Segment Reporting Information [Line Items]
Total net revenues	13,562	5,474	21,993	9,441
Total operating income	$ (16,063)	$ (4,848)	$ (31,099)	$ (10,259)

Segment Data And Related Info41

Segment Data And Related Information (Net Revenues By Product Category) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Total net sales	$ 751,911	$ 589,496	$ 1,531,483	$ 1,214,327
License revenues	18,104	14,684		27,493
Apparel [Member]
Segment Reporting Information [Line Items]
Total net sales	515,252	420,028	1,070,707	879,277
Footwear [Member]
Segment Reporting Information [Line Items]
Total net sales	153,619	109,536	314,585	223,580
Accessories [Member]
Segment Reporting Information [Line Items]
Total net sales	83,040	59,932	146,191	111,470
Connected Fitness [Member]
Segment Reporting Information [Line Items]
Total net sales	$ 13,562	$ 5,474	$ 21,993	$ 9,441