Under Armour (UA) 10-Q 1 Aug 19 2019 Q2 Quarterly report Financial data

Cover Page

Cover Page	6 Months Ended
	Jun. 30, 2019shares
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2019
Document Transition Report	false
Entity File Number	001-33202
Entity Registrant Name	UNDER ARMOUR, INC.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	52-1990078
Entity Address, Address Line One	1020 Hull Street
Entity Address, City or Town	Baltimore
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	21230
City Area Code	410
Local Phone Number	454-6428
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001336917
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Class A Common Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Class A Common Stock
Trading Symbol	UAA
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding	188,144,137
Class B Convertible Common Stock [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	34,450,000
Class C Common Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Class C Common Stock
Trading Symbol	UA
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding	228,652,955

Unaudited Consolidated Balance

Unaudited Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Current assets
Cash and cash equivalents	$ 455,726	$ 557,403	$ 196,879
Accounts receivable, net	735,181	652,546	724,945
Inventories	965,711	1,019,496	1,299,332
Prepaid expenses and other current assets	287,829	364,183	340,359
Total current assets	2,444,447	2,593,628	2,561,515
Property and equipment, net	795,499	826,868	835,427
Operating lease, right-of-use assets	606,018
Goodwill	548,762	546,494	551,160
Intangible assets, net	39,527	41,793	45,880
Deferred income taxes	129,403	112,420	111,746
Other long term assets	116,252	123,819	135,424
Total assets	4,679,908	4,245,022	4,241,152
Current liabilities
Accounts payable	607,382	560,884	691,163
Accrued expenses	304,063	340,415	258,567
Customer refund liabilities	241,456	301,421	303,730
Operating lease liabilities	116,219
Current maturities of long term debt	0	25,000	27,000
Other current liabilities	63,521	88,257	57,939
Total current liabilities	1,332,641	1,315,977	1,338,399
Long term debt, net of current maturities	591,396	703,834	752,370
Operating lease liabilities, non-current	601,665
Other long term liabilities	105,932	208,340	226,471
Total liabilities	2,631,634	2,228,151	2,317,240
Commitments and contingencies (See Note 6)
Stockholders’ equity
Additional paid-in capital	946,488	916,628	901,851
Retained earnings	1,141,129	1,139,082	1,060,402
Accumulated other comprehensive loss	(39,492)	(38,987)	(38,489)
Total stockholders’ equity	2,048,274	2,016,871	1,923,912
Total liabilities and stockholders’ equity	4,679,908	4,245,022	4,241,152
Class A Common Stock [Member]
Stockholders’ equity
Common Stock	62	62	62
Class B Convertible Common Stock [Member]
Stockholders’ equity
Common Stock	11	11	11
Class C Common Stock [Member]
Stockholders’ equity
Common Stock	$ 76	$ 75	$ 75

Unaudited Consolidated Balanc_2

Unaudited Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Class A Common Stock [Member]
Common Stock, Par Value (in dollars per share)	$ 0.0003	$ 0.0003	$ 0.0003
Common Stock, Shares Authorized	400,000,000	400,000,000	400,000,000
Common Stock, Shares Issued	188,144,137	187,710,319	186,050,706
Common Stock, Shares Outstanding	188,144,137	187,710,319	186,050,706
Class B Convertible Common Stock [Member]
Common Stock, Par Value (in dollars per share)	$ 0.0003	$ 0.0003	$ 0.0003
Common Stock, Shares Authorized	34,450,000	34,450,000	34,450,000
Common Stock, Shares Issued	34,450,000	34,450,000	34,450,000
Common Stock, Shares Outstanding	34,450,000	34,450,000	34,450,000
Class C Common Stock [Member]
Common Stock, Par Value (in dollars per share)	$ 0.0003	$ 0.0003	$ 0.0003
Common Stock, Shares Authorized	400,000,000	400,000,000	400,000,000
Common Stock, Shares Issued	228,652,955	226,421,963	224,382,239
Common Stock, Shares Outstanding	228,652,955	226,421,963	224,382,239

Unaudited Consolidated Statemen

Unaudited Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Net revenues	$ 1,191,729	$ 1,174,859	$ 2,396,451	$ 2,360,229
Cost of goods sold	637,408	648,275	1,297,343	1,310,192
Gross profit	554,321	526,584	1,099,108	1,050,037
Selling, general and administrative expenses	565,803	552,619	1,075,331	1,067,253
Restructuring and impairment charges	0	78,840	0	116,320
Income (loss) from operations	(11,482)	(104,875)	23,777	(133,536)
Interest expense, net	(5,988)	(8,552)	(10,226)	(17,116)
Other expense, net	(1,128)	(8,069)	(1,795)	(5,181)
Income (loss) before income taxes	(18,598)	(121,496)	11,756	(155,833)
Income tax expense (benefit)	(5,740)	(26,090)	2,391	(30,183)
Loss from equity method investment	(4,491)	(138)	(4,237)	(138)
Net income (loss)	$ (17,349)	$ (95,544)	$ 5,128	$ (125,788)
Basic net income (loss) per share of Class A, B and C common stock (in dollars per share)	$ (0.04)	$ (0.21)	$ 0.01	$ (0.28)
Diluted net income (loss) per share of Class A, B and C common stock (in dollars per share)	$ (0.04)	$ (0.21)	$ 0.01	$ (0.28)
Weighted average common shares outstanding Class A, B and C common stock
Basic (in shares)	451,066	444,626	450,411	443,844
Diluted (in shares)	451,066	444,626	453,717	443,844

Unaudited Consolidated Statem_2

Unaudited Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (17,349)	$ (95,544)	$ 5,128	$ (125,788)
Other comprehensive income (loss):
Foreign currency translation adjustment	1,408	(28,666)	7,398	(15,819)
Unrealized gain (loss) on cash flow hedge, net of tax benefit (expense) of $552 and ($5,745) for the three months ended June 30, 2019 and 2018, respectively, and $3,152 and ($6,093) for the six months ended June 30, 2019 and 2018, respectively.	391	16,303	(8,710)	17,335
Gain (loss) on intra-entity foreign currency transactions	(1,115)	(5,043)	807	(1,794)
Total other comprehensive income (loss)	684	(17,406)	(505)	(278)
Comprehensive income (loss)	$ (16,665)	$ (112,950)	$ 4,623	$ (126,066)

Unaudited Consolidated Statem_3

Unaudited Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement of Comprehensive Income [Abstract]
Cash flow hedge, tax benefit (expense)	$ 552	$ (5,745)	$ 3,152	$ (6,093)

Unaudited Consolidated Statem_4

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities
Net income (loss)	$ 5,128	$ (125,788)
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Depreciation and amortization	93,721	91,271
Unrealized foreign currency exchange rate gain (loss)	(3,077)	13,151
Loss on disposal of property and equipment	2,447	2,496
Impairment charges	0	9,660
Amortization of bond premium	127	127
Stock-based compensation	25,635	20,673
Deferred income taxes	(13,890)	(35,969)
Changes in reserves and allowances	(10,196)	(238,005)
Changes in operating assets and liabilities:
Accounts receivable	(75,116)	116,896
Inventories	62,302	(158,430)
Prepaid expenses and other assets	64,533	(54,422)
Other non-current assets	12,812	768
Accounts payable	57,674	160,164
Accrued expenses and other liabilities	(48,094)	48,939
Customer refund liability	(60,089)	307,192
Income taxes payable and receivable	(1,210)	(12,716)
Net cash provided by operating activities	112,707	146,007
Cash flows from investing activities
Purchases of property and equipment	(77,046)	(95,607)
Sale of property and equipment	0	11,285
Purchases of other assets	(997)	(2,536)
Purchase of equity method investment	0	(39,207)
Net cash used in investing activities	(78,043)	(126,065)
Cash flows from financing activities
Proceeds from long term debt and revolving credit facility	25,000	210,000
Payments on long term debt and revolving credit facility	(162,817)	(348,500)
Employee taxes paid for shares withheld for income taxes	(3,077)	(1,759)
Proceeds from exercise of stock options and other stock issuances	4,238	8,913
Payments of debt financing costs	(2,661)	(11)
Other financing fees	76	87
Net cash used in financing activities	(139,241)	(131,270)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	4,463	(2,487)
Net decrease in cash, cash equivalents and restricted cash	(100,114)	(113,815)
Cash, cash equivalents and restricted cash
Beginning of period	566,060	318,135
End of period	465,946	204,320
Non-cash investing and financing activities
Change in accrual for property and equipment	$ (17,392)	$ (31,957)

Unaudited Consolidated Statem_5

Unaudited Consolidated Statements of Stockholders' Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]Class A Common Stock [Member]	Common Stock [Member]Class B Convertible Common Stock [Member]	Common Stock [Member]Class C Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Beginning balance at Dec. 31, 2017	$ 2,018,642	$ 61	$ 11	$ 74	$ 872,266	$ 1,184,441	$ (38,211)
Beginning balance (shares) at Dec. 31, 2017		185,257	34,450	222,375
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (shares)		448		458
Exercise of stock options	5,785	$ 1			5,784
Shares withheld in consideration of employee tax obligations relative to stock-based compensation arrangements (shares)		(23)		(84)
Shares withheld in consideration of employee tax obligations relative to stock-based compensation arrangements	(1,758)					(1,758)
Issuance of common stock, net of forfeitures (shares)		369		1,633
Issuance of common stock, net of forfeitures	2,999			$ 1	2,998
Impact of adoption of accounting standard updates	3,507					3,507
Stock-based compensation expense	20,803				20,803
Comprehensive loss	(126,066)					(125,788)	(278)
Ending balance (shares) at Jun. 30, 2018		186,051	34,450	224,382
Ending balance at Jun. 30, 2018	1,923,912	$ 62	$ 11	$ 75	901,851	1,060,402	(38,489)
Beginning balance at Mar. 31, 2018	2,017,732	$ 62	$ 11	$ 75	882,721	1,155,946	(21,083)
Beginning balance (shares) at Mar. 31, 2018		185,685	34,450	223,905
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (shares)		357		352
Exercise of stock options	4,719				4,719
Issuance of common stock, net of forfeitures (shares)		9		125
Issuance of common stock, net of forfeitures	1,559				1,559
Stock-based compensation expense	12,852				12,852
Comprehensive loss	(112,950)					(95,544)	(17,406)
Ending balance (shares) at Jun. 30, 2018		186,051	34,450	224,382
Ending balance at Jun. 30, 2018	1,923,912	$ 62	$ 11	$ 75	901,851	1,060,402	(38,489)
Beginning balance at Dec. 31, 2018	2,016,871	$ 62	$ 11	$ 75	916,628	1,139,082	(38,987)
Beginning balance (shares) at Dec. 31, 2018		187,710	34,450	226,422
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (shares)		315		237
Exercise of stock options	1,376				1,376
Shares withheld in consideration of employee tax obligations relative to stock-based compensation arrangements (shares)		(15)		(158)
Shares withheld in consideration of employee tax obligations relative to stock-based compensation arrangements	(3,081)					(3,081)
Issuance of common stock, net of forfeitures (shares)		134		2,152
Issuance of common stock, net of forfeitures	2,860			$ 1	2,859
Stock-based compensation expense	25,625				25,625
Comprehensive loss	4,623					5,128	(505)
Ending balance (shares) at Jun. 30, 2019		188,144	34,450	228,653
Ending balance at Jun. 30, 2019	2,048,274	$ 62	$ 11	$ 76	946,488	1,141,129	(39,492)
Beginning balance at Mar. 31, 2019	2,049,807	$ 62	$ 11	$ 76	931,352	1,158,482	(40,176)
Beginning balance (shares) at Mar. 31, 2019		187,980	34,450	228,489
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (shares)		161		59
Exercise of stock options	529				529
Shares withheld in consideration of employee tax obligations relative to stock-based compensation arrangements (shares)		(5)		(6)
Shares withheld in consideration of employee tax obligations relative to stock-based compensation arrangements	(4)					(4)
Issuance of common stock, net of forfeitures (shares)		8		111
Issuance of common stock, net of forfeitures	1,473				1,473
Stock-based compensation expense	13,134				13,134
Comprehensive loss	(16,665)					(17,349)	684
Ending balance (shares) at Jun. 30, 2019		188,144	34,450	228,653
Ending balance at Jun. 30, 2019	$ 2,048,274	$ 62	$ 11	$ 76	$ 946,488	$ 1,141,129	$ (39,492)

Description of the Business

Description of the Business	6 Months Ended
	Jun. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of the Business	Description of the BusinessUnder Armour, Inc. and its wholly owned subsidiaries (the "Company") is a developer, marketer and distributor of branded athletic performance apparel, footwear, and accessories. Powered by one of the world's largest digitally connected fitness and wellness communities, the Company's innovative products and experiences are designed to help advance human performance, making all athletes better. The Company's products are made, sold and worn worldwide.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited consolidated financial statements include the accounts of 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 ("U.S. GAAP") 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. Intercompany balances and transactions were eliminated. The consolidated balance sheet as of December 31, 2018 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, 2018 (the “2018 Form 10-K”), which should be read in conjunction with these consolidated financial statements. The results for the three and six months ended June 30, 2019, are not necessarily indicative of the results to be expected for the year ending December 31, 2019, or any other portions thereof. During the second quarter of 2019, the Company recorded an adjustment related to prior periods to correct unrecorded consulting expenses incurred primarily in connection with the 2018 restructuring plan. Selling, general and administrative expenses for the three and six months ended June 30, 2019 include $6.0 million and $5.5 million, respectively, of expense that was understated in prior periods. The Company concluded that the error was not material to any of the periods impacted. Cash, Cash Equivalents and Restricted Cash The Company considers all highly liquid investments with an original maturity of three months or less at the date of purchase to be cash and cash equivalents. The Company's restricted cash is reserved for payments related to claims for its captive insurance program, which is included in prepaid expenses and other current assets on the Company's unaudited consolidated balance sheets. The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the unaudited consolidated balance sheets to the unaudited consolidated statements of cash flows. (In thousands) June 30, 2019 December 31, 2018 June 30, 2018 Cash and cash equivalents $ 455,726 $ 557,403 $ 196,879 Restricted cash 10,220 8,657 7,441 Total Cash, cash equivalents and restricted cash $ 465,946 $ 566,060 $ 204,320 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 retailers. Credit is extended based on an evaluation of each customer’s financial condition. None of the Company's customers accounted for more than 10% of accounts receivable as of June 30, 2019, December 31, 2018, and June 30, 2018, respectively. For the three and six months ended June 30, 2019 and 2018, no customer accounted for more than 10% of the Company's net revenues. Sale of Accounts Receivable In 2018, the Company entered into agreements with two financial institutions to sell selected accounts receivable on a recurring, non-recourse basis. In 2019, the Company amended one agreement to reduce the facility amount. Under each agreement, the Company may sell up to $140.0 million and $50.0 million, respectively, provided the accounts receivable of certain customers cannot be outstanding simultaneously with both institutions. Balances may remain outstanding at any point in time. The Company removes the sold accounts receivable from the unaudited consolidated balance sheets at the time of sale. The Company does not retain any interests in the sold accounts receivable. The Company acts as the collection agent for the outstanding accounts receivable on behalf of the financial institutions. As of June 30, 2019 and 2018, $0.2 million and $20.2 million remained outstanding, respectively. As of December 31, 2018, there were no amounts outstanding. The funding fee charged by the financial institutions is included in the other income (expense), net line item in the consolidated statement of operations. Allowance for Doubtful Accounts As of June 30, 2019, December 31, 2018, and June 30, 2018, the allowance for doubtful accounts was $17.8 million, $22.2 million and $27.6 million, respectively. Revenue Recognition Net revenues consist of net sales, license and Connected Fitness revenue. Net sales are recognized upon transfer of control, including passage of title to the customer and transfer of risk of loss related to those goods. Payment is due in full when title is transferred. Transfer of title and risk of loss is based upon shipment under free on board shipping point for most goods or upon receipt by the customer depending on the country of the sale and the agreement with the customer. In some instances, transfer of title and risk of loss takes place at the point of sale, for example, at the Company’s brand and factory house stores. The Company may also ship product directly from its supplier to the customer and recognize revenue when the product is delivered to and accepted by the customer. License revenue is primarily recognized based upon shipment of licensed products sold by the Company's licensees. Sales taxes imposed on the Company’s revenues from product sales are presented on a net basis on the consolidated statements of income, and therefore do not impact net revenues or costs of goods sold. The Company records reductions to revenue for estimated customer returns, allowances, markdowns and discounts. The Company bases its estimates on historical rates of customer returns and allowances, as well as the specific identification of outstanding returns, markdowns and allowances that have not yet been received by the Company. The actual amount of customer returns and allowances, which is inherently uncertain, may differ from the Company’s estimates. If the Company determines that actual or expected returns or allowances are significantly higher or lower than the reserves it established, it would record a reduction or increase, as appropriate, to net sales in the period in which it makes such a determination. Provisions for customer specific discounts are based on contractual obligations with certain major customers. Reserves for returns, allowances, markdowns and discounts are included within customer refund liability and the value of inventory associated with reserves for sales returns are included within prepaid expenses and other current assets on the consolidated balance sheet. Contract Liabilities Contract liabilities are recorded when a customer pays consideration, or the Company has a right to an amount of consideration that is unconditional, before the transfer of a good or service to the customer, and thus represent the Company's obligation to transfer the good or service to the customer at a future date. The Company's contract liabilities primarily consist of payments received in advance of revenue recognition for subscriptions for the Company's Connected Fitness applications and royalty arrangements, included in other current liabilities, and gift cards, included in accrued expenses, on the Company's unaudited consolidated balance sheets. As of June 30, 2019, December 31, 2018, and June 30, 2018, contract liabilities were $58.4 million, $55.0 million and $30.4 million, respectively. For the three and six months ended June 30, 2019, the Company recognized $13.4 million and $32.6 million of revenue that was previously included in contract liabilities as of December 31, 2018. For the three and six months ended June 30, 2018, the Company recognized $5.6 million and $15.2 million of revenue that was previously included in contract liabilities as of December 31, 2017. The change in the contract liabilities balance primarily results from the timing differences between the Company's satisfaction of performance obligations and the customer's payment. Commissions related to subscription revenue are capitalized and recognized over the subscription period. Practical Expedients and Policy Elections The Company has made a policy election to account for shipping and handling activities that occur after the customer has obtained control of a good as a fulfillment cost rather than an additional promised service. Additionally, the Company has elected not to disclose certain information related to unsatisfied performance obligations for subscriptions for its Connected Fitness applications as they have an original expected length of one year or less. Shipping and Handling Costs The Company charges certain customers shipping and handling fees. These fees are recorded in net revenues. The Company incurs freight costs associated with shipping goods to customers. These costs are recorded as a component of cost of goods sold. The Company also incurs outbound handling costs associated with preparing goods to ship to customers and certain costs to operate the Company’s distribution facilities. These costs are recorded as a component of selling, general and administrative expenses and were $20.5 million and $22.4 million for the three months ended June 30, 2019 and 2018, respectively, and $42.2 million and $46.0 million for the six months ended June 30, 2019 and 2018, respectively. Equity Method Investment In April 2018, the Company invested ¥4.2 billion or $39.2 million in exchange for an additional 10% common stock ownership in Dome Corporation ("Dome"), the Company's Japanese licensee. This additional investment brought the Company's total investment in Dome's common stock to 29.5%, from 19.5%. The Company accounts for its investment in Dome under the equity method, given it has the ability to exercise significant influence, but not control, over Dome. As of June 30, 2019, the carrying value of the Company’s total investment in Dome was $48.6 million. The Company's proportionate share of Dome's net assets exceeded its total investment by $63.8 million, which was determined at the time of the investment in April 2018, and is not amortized. For the three and six months ended June 30, 2019 and 2018, the Company recorded the allocable share of Dome’s net income (loss) in its consolidated statements of operations and as an adjustment to the invested balance. In addition to the investment in Dome, the Company has a license agreement with Dome. The Company recorded license revenues from Dome of $5.2 million and $4.8 million for the three months ended June 30, 2019 and 2018, respectively, and $11.7 million and $13.7 million for the six months ended June 30, 2019 and 2018, respectively. As of June 30, 2019, December 31, 2018, and June 30, 2018, the Company had $5.2 million, $13.1 million, and $4.9 million, respectively, in licensing receivables outstanding, recorded in the prepaid expenses and other current assets line item within the Company's unaudited consolidated balance sheets. Management Estimates The preparation of financial statements in conformity with U.S. GAAP 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 June 2016, the Financial Accounting Standards Boards ("FASB") issued ASU 2016-13 - Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments. This ASU amends the impairment model to utilize an expected loss methodology in place of the currently used incurred loss methodology, which will result in more timely recognition of losses. The new standard applies to financial assets measured at amortized cost basis, including receivables that result from revenue transactions. The ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, and early adoption is permitted for fiscal years beginning after December 15, 2018. The Company is currently evaluating this guidance to determine the impact it may have on its consolidated financial statements. Recently Adopted Accounting Standards In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities, an update that amends and simplifies certain aspects of hedge accounting rules to increase transparency of the impact of risk management activities in the financial statements. The Company adopted this ASU on January 1, 2019. There was no material impact to the Company's consolidated financial statements.

Restructuring and Impairment

Restructuring and Impairment	6 Months Ended
	Jun. 30, 2019
Restructuring and Related Activities [Abstract]
Restructuring and Impairment	Restructuring and Impairment As previously announced, in both 2017 and 2018, the Company's Board of Directors approved restructuring plans (the "2017 restructuring plan" and the "2018 restructuring plan") designed to more closely align its financial resources with the critical priorities of the business and optimize operations. All restructuring charges under the plans were incurred by December 31, 2018. The summary of the costs incurred during the three and six months ended June 30, 2018 in connection with the 2018 restructuring plan is as follows: (In thousands) Three Months Ended Six Months Ended June 30, 2018 Costs recorded in cost of goods sold: Inventory write-offs $ 5,940 $ 13,414 Total costs recorded in cost of goods sold 5,940 13,414 Costs recorded in restructuring and impairment charges: Property and equipment impairment 9,717 11,964 Other restructuring costs 9,840 19,723 Contract exit costs 59,283 84,633 Total costs recorded in restructuring and impairment charges 78,840 116,320 Total restructuring, impairment and restructuring related costs $ 84,780 $ 129,734 A summary of the activity in the restructuring reserve related to the Company's 2017 and 2018 restructuring plans is as follows: (In thousands) Employee Related Costs Contract Exit Costs Other Restructuring Related Costs Balance at January 1, 2019 $ 8,532 $ 71,356 $ 4,876 Additions charged to expense — — — Cash payments charged against reserve (5,483) (13,439) (4,794) Reclassification to operating lease liabilities (1) — (30,572) — Changes in reserve estimate (917) — — Balance at June 30, 2019 $ 2,132 $ 27,345 $ 82

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	Leases The Company leases warehouse space, office facilities, space for its brand and factory house stores and certain equipment under non-cancelable operating leases. The leases expire at various dates through 2035, excluding extensions at the Company's option, and include provisions for rental adjustments. Right-of-use assets and lease liabilities are established on the unaudited consolidated balance sheets for leases with an expected term greater than one year. As the rate implicit in the lease is not readily determinable, the Company uses its secured incremental borrowing rate to determine the present value of the lease payments. Leases with an initial term of 12 months or less are not recorded on the unaudited consolidated balance sheets. The Company recognizes lease expense on a straight-line basis over the lease term. Included in selling, general and administrative expenses were operating lease costs of $38.7 million and $75.8 million for the three and six months ended June 30, 2019, respectively, under non-cancelable operating lease agreements. Variable lease payments primarily consist of payments dependent on sales in brand and factory house stores. Short-term and variable lease payments are recorded in selling, general, and administrative expenses and are not material. There are no residual value guarantees that exist, and there are no restrictions or covenants imposed by leases. The Company rents or subleases excess office facilities and warehouse space to third parties. Sublease income is not material. Supplemental balance sheet information related to leases was as follows: June 30, 2019 Weighted average remaining lease term (in years) 7.1 Weighted average discount rate 4.30 % Supplemental cash flow and other information related to leases was as follows: (In thousands) Six months ended June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash outflows from operating leases $ 50,852 Leased assets obtained in exchange for new operating lease liabilities 30,100 Maturities of lease liabilities are as follows: (In thousands) 2019 $ 75,106 2020 137,898 2021 124,576 2022 113,104 2023 99,637 2024 and thereafter 287,604 Total lease payments $ 837,925 Less: Interest 120,041 Total present value of lease liabilities $ 717,884 As of June 30, 2019, the Company has additional operating lease obligations that have not yet commenced of approximately $340.9 million for retail stores to be delivered in 2020 with lease terms up to 15 years, and primarily related to a flagship store, which are not reflected in the table above. The following is a schedule of future minimum lease payments for non-cancelable real property and equipment operating leases as of December 31, 2018, as well as significant operating lease agreements entered into during the period after December 31, 2018 through the date of the 2018 Form 10-K: (In thousands) 2019 $ 142,648 2020 148,171 2021 154,440 2022 141,276 2023 128,027 2024 and thereafter 699,262 Total future minimum lease payments $ 1,413,824

Long Term Debt

Long Term Debt	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Long Term Debt	Long Term Debt Credit Facility On March 8, 2019, the Company entered into an amended and restated credit agreement by and among the Company, as borrower, JPMorgan Chase Bank, N.A., as administrative agent, PNC Bank, National Association, as syndication agent and the other lenders and arrangers party thereto (the "credit agreement"), amending and restating the Company's prior credit agreement. The credit agreement has a term of five years, maturing in March 2024, with permitted extensions under certain circumstances, and provides revolving credit commitments of up to $1.25 billion of borrowings, but no term loan borrowings, which were provided for under the prior credit agreement. As of June 30, 2019, there were no amounts outstanding under the revolving credit facility. As of December 31, 2018, there were no amounts outstanding under the revolving credit facility and $136.3 million of term loan borrowings outstanding. In January 2019, the Company prepaid the outstanding balance of $136.3 million on its term loans, without penalty. Borrowings under the revolving credit facility have maturities of less than one year. Up to $50.0 million of the facility may be used for the issuance of letters of credit. There were $4.6 million of letters of credit outstanding as of June 30, 2019. The credit agreement contains negative covenants that limit the Company's ability to engage in certain transactions, as well as financial covenants that require the Company to comply with specific consolidated leverage and interest coverage ratios. As of June 30, 2019, 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. During the three months ended June 30, 2019, there were no borrowings under the revolving credit facility. The weighted average interest rate under the revolving credit facility borrowings was 2.9% during the three months ended June 30, 2018, and 3.6% and 2.8% for the six months ended June 30, 2019 and 2018, respectively. The weighted average interest rate under the outstanding term loan was 3.3% and 3.1% during the three and six months ended June 30, 2018, respectively. 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, 2019, the commitment fee was 15.0 basis points. The Company incurred and deferred $3.5 million in financing costs in connection with the credit agreement. 3.250% Senior Notes In June 2016, the Company issued $600.0 million aggregate principal amount of 3.250% senior unsecured notes due June 15, 2026 (the “Notes”). Interest is payable semi-annually on June 15 and December 15 beginning December 15, 2016. The Company may redeem some or all of the Notes at any time, or from time to time, at redemption prices described in the indenture governing the Notes. The indenture governing the Notes contains negative covenants that limit the Company’s ability to engage in certain transactions and are subject to material exceptions described in the indenture. The Company incurred and deferred $5.3 million in financing costs in connection with the Notes. Other Long Term Debt 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. In July 2018, this loan was paid in full, without penalties, using borrowings under the Company's revolving credit facility. As of June 30, 2018, the outstanding balance on the loan was $39.0 million. Interest expense, net, was $6.0 million and $8.6 million for the three months ended June 30, 2019 and 2018, respectively, and $10.2 million and $17.1 million for the six months ended June 30, 2019 and 2018, respectively. Interest expense includes the amortization of deferred financing costs, bank fees, capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies There were no significant changes to the contractual obligations reported in the 2018 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. Securities Class Action On March 23, 2017, three separate securities cases previously filed against the Company in the United States District Court for the District of Maryland (the “Court”) were consolidated under the caption In re Under Armour Securities Litigation, Case No. 17-cv-00388-RDB (the “Consolidated Action”). On August 4, 2017, the lead plaintiff in the Consolidated Action, North East Scotland Pension Fund, joined by named plaintiff Bucks County Employees Retirement Fund, filed a consolidated amended complaint (the “Amended Complaint”) against the Company, the Company’s Chief Executive Officer and former Chief Financial Officers Lawrence Molloy and Brad Dickerson. The Amended Complaint alleges violations of Section 10(b) (and Rule 10b-5) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Section 20(a) control person liability under the Exchange Act against the officers named in the Amended Complaint, claiming that the defendants made material misstatements and omissions regarding, among other things, the Company's growth and consumer demand for certain of the Company's products. The class period identified in the Amended Complaint is September 16, 2015 through January 30, 2017. The Amended Complaint also asserts claims under Sections 11 and 15 of the Securities Act of 1933, as amended (the “Securities Act”), in connection with the Company’s public offering of senior unsecured notes in June 2016. The Securities Act claims are asserted against the Company, the Company’s Chief Executive Officer, Mr. Molloy, the Company’s directors who signed the registration statement pursuant to which the offering was made and the underwriters that participated in the offering. The Amended Complaint alleges that the offering materials utilized in connection with the offering contained false and/or misleading statements and omissions regarding, among other things, the Company’s growth and consumer demand for certain of the Company’s products. On November 9, 2017, the Company and the other defendants filed motions to dismiss the Amended Complaint. On September 19, 2018, the Court dismissed the Securities Act claims with prejudice and the Exchange Act claims without prejudice. The lead plaintiff filed a Second Amended Complaint on November 16, 2018, naming the Company and Mr. Plank as the remaining defendants. The Company and the defendants filed a motion to dismiss on January 17, 2019, which is still pending with the Court. The Company continues to believe that the claims asserted in the Consolidated Action 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 the outcome of this matter . Derivative Complaints In April 2018, two purported stockholders filed separate stockholder derivative complaints in the United States District Court for the District of Maryland. These were brought against Kevin Plank (the Company’s Chairman and Chief Executive Officer) and certain other members of the Company’s Board of Directors and name the Company as a nominal defendant. The complaints make allegations related to the Company’s purchase of certain parcels of land from entities controlled by Mr. Plank (through Sagamore Development Company, LLC (“Sagamore”)), as well as other related party transactions. Sagamore purchased these parcels in 2014. Its total investment in the parcels was approximately $72.0 million, which included the initial $35.0 million purchase price for the property, an additional $30.6 million to terminate a lease encumbering the property and approximately $6.4 million of development costs. As previously disclosed, in June 2016, the Company purchased the unencumbered parcels for $70.3 million in order to further expand the Company’s corporate headquarters to accommodate its growth needs. The Company negotiated a purchase price for the parcels that it determined represented the fair market value of the parcels and approximated the cost to the seller to purchase and develop the parcels. In connection with its evaluation of the potential purchase, the Company engaged an independent third-party to appraise the fair market value of the parcels, and the Audit Committee of the Company’s Board of Directors engaged its own independent appraisal firm to assess the parcels. The Audit Committee determined that the terms of the purchase were reasonable and fair, and the transaction was approved by the Audit Committee in accordance with the Company’s policy on transactions with related persons. On March 20, 2019, these cases were consolidated under the caption In re Under Armour, Inc. Shareholder Derivative Litigation and a lead plaintiff in the consolidated action was appointed by the court. On May 1, 2019, the lead plaintiff filed a consolidated derivative complaint asserting that Mr. Plank and the director defendants breached their fiduciary duties in connection with the purchase of the parcels and other related party transactions and that Sagamore aided and abetted the alleged breaches of fiduciary duty by the other defendants in connection with Sagamore’s alleged role in the sale of the parcels to the Company. The consolidated complaint also asserts an unjust enrichment claim against Mr. Plank and Sagamore. It seeks damages on behalf of the Company and certain corporate governance related actions. The Company and the defendants filed a motion to dismiss the consolidated complaint on July 2, 2019. Briefing in connection with that motion is not yet complete. In June and July 2018, three additional purported stockholder derivative complaints were filed. Two of the complaints were filed in Maryland state court (in cases captioned Kenney v. Plank, et al. (filed June 29, 2018) and Luger v. Plank, et al. (filed July 26, 2018), respectively), and those cases were consolidated on October 19, 2018 under the caption Kenney v. Plank, et. al . The other complaint was filed in the United States District Court for the District of Maryland (in a case captioned Andersen v. Plank et al. (filed July 23, 2018)). The operative complaints in these cases name Mr. Plank, certain other members of the Company’s Board of Directors and former executives as defendants and name the Company as a nominal defendant. The operative complaints include allegations similar to those in the In re Under Armour Securities Litigation matter discussed above that challenges, among other things, the Company’s disclosures related to growth and consumer demand for certain of the Company’s products and stock sales by certain individual defendants. The operative complaints in each of these cases assert breach of fiduciary duty and unjust enrichment claims against the individual defendants. The operative complaint in the Kenney matter also makes allegations similar to those in the complaint in the In re Under Armour, Inc. Shareholder Derivative Litigation matter discussed above regarding the Company’s purchase of parcels from entities controlled by Mr. Plank through Sagamore and asserts a claim of corporate waste against the individual defendants. These complaints assert similar damages to the damages sought in the In re Under Armour, Inc. Shareholder Derivative Litigation complaint. In December 2018, pursuant to an agreement between the parties, the court in the Andersen action entered an order staying that case pending a decision on the motion to dismiss the Second Amended Complaint filed in the In re Under Armour Securities Litigation matter discussed above. On March 29, 2019, the court in the consolidated Kenney action granted the Company’s and the defendants’ motion to stay that case pending the outcome of both the In re Under Armour Securities Litigation and the In re Under Armour, Inc. Shareholder Derivative Litigation matters. Prior to the filing of the derivative complaints discussed above, each of the purported stockholders had sent the Company a letter demanding that the Company pursue claims similar to the claims asserted in the derivative complaints. Following an investigation, a majority of disinterested and independent directors of the Company determined that the claims should not be pursued by the Company and informed each of these purported stockholders of that determination. The Company believes that the claims asserted in the derivative complaints are without merit and intends to defend these matters vigorously. However, because of the inherent uncertainty as to the outcome of these proceedings, the Company is unable at this time to estimate the possible impact of the outcome of these matters. Data Incident

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
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 (liabilities) measured at fair value on a recurring basis are set forth in the table below: June 30, 2019 December 31, 2018 June 30, 2018 (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) $ — $ 8,599 $ — $ — $ 19,531 $ — $ — $ 14,034 $ — Interest rate swap contracts (see Note 9) — — — — 1,567 — — 2,430 — TOLI policies held by the Rabbi Trust — 6,092 — — 5,328 — — 5,772 — Deferred Compensation Plan obligations — (9,860) — — (6,958) — — (8,447) — 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 unrealized 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 are 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. As of June 30, 2019 , December 31, 2018, and June 30, 2018, the fair value of the Company's Senior Notes was $567.2 million, $500.1 million and $538.6 million, respectively. The carrying value of the Company's other long term debt approximated its fair value as of June 30, 2019 , December 31, 2018 and June 30, 2018. The fair value of long term debt is estimated based upon quoted prices for similar instruments or quoted prices for identical instruments in inactive markets (Level 2).

Stock Based Compensation

Stock Based Compensation	6 Months Ended
	Jun. 30, 2019
Share-based Payment Arrangement [Abstract]
Stock Based Compensation	Stock Based Compensation Performance-Based Equity Compensation The Company grants a combination of time-based and performance-based restricted stock units and stock options as part of its incentive compensation. Certain senior executives are eligible to receive performance-based awards. During the six months ended June 30, 2019, 0.6 million performance-based restricted stock units and 0.2 million performance-based stock options for shares of the Company's Class C common stock were awarded under the Company's Third Amended and Restated 2005 Omnibus Long-Term Incentive Plan, as amended. The performance-based restricted stock units and stock options have weighted average grant date fair values of $19.39 and $8.70, respectively, and have vesting conditions tied to the achievement of revenue and operating income targets for 2019 and 2020. Upon the achievement of the targets, one third of the restricted stock units and stock options will vest each in February 2021, 2022 and 2023. If certain lower levels of combined annual revenue and operating income for 2019 and 2020 are achieved, fewer or no restricted stock units or stock options will vest and the remaining restricted stock units and stock options will be forfeited. The Company deemed the achievement of certain revenue and operating income targets for 2019 and 2020 probable during the six months ended June 30, 2019. The Company assesses the probability of the achievement of the remaining revenue and 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 and options will be achieved, a cumulative adjustment will be recorded as if ratable stock-based compensation expense had been recorded since the grant date.

Risk Management and Derivatives

Risk Management and Derivatives	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Risk Management and Derivatives	Risk Management and Derivatives The Company is exposed to global market risks, including the effects of changes in foreign currency and interest rates. The Company uses derivative instruments to manage financial exposures that occur in the normal course of business and does not hold or issue derivatives for trading or speculative purposes. The Company may elect to designate certain derivatives as hedging instruments under U.S. GAAP. The Company formally documents all relationships between designated hedging instruments and hedged items, as well as its risk management objectives and strategies for undertaking hedge transactions. This process includes linking all derivatives designated as hedges to either recognized assets, liabilities, or forecasted transactions and assessing, both at inception and on an ongoing basis, the effectiveness of the hedging relationships. The Company's foreign exchange risk management program consists of cash flow hedges and undesignated hedge instruments. As of June 30, 2019, the Company has hedge instruments, primarily for U.S. Dollar/Chinese Renminbi, British Pound/U.S. Dollar, U.S. Dollar/Canadian Dollar, U.S. Dollar/Mexican Peso, Euro/U.S. Dollar, and U.S. Dollar/Hong Kong Dollar currency pairs. All derivatives are recognized on the unaudited consolidated balance sheets at fair value and classified based on the instrument’s maturity date. The following table presents the fair values of derivative instruments within the unaudited consolidated balance sheets. Refer to Note 7 for a discussion of the fair value measurements. (In thousands) Balance Sheet Classification June 30, 2019 December 31, 2018 June 30, 2018 Derivatives designated as hedging instruments under ASC 815 Foreign currency contracts Other current assets $ 10,427 $ 19,731 $ 13,949 Foreign currency contracts Other long term assets 694 — 888 Interest rate swap contracts Other long term assets — 1,567 2,430 Total derivative assets designated as hedging instruments $ 11,121 $ 21,298 $ 17,267 Foreign currency contracts Other current liabilities $ 2,425 $ 228 $ 1,000 Foreign currency contracts Other long term liabilities 133 — — Total derivative liabilities designated as hedging instruments $ 2,558 $ 228 $ 1,000 Derivatives not designated as hedging instruments under ASC 815 Foreign currency contracts Other current assets $ 1,112 $ 1,097 $ 3,376 Total derivative assets not designated as hedging instruments $ 1,112 $ 1,097 $ 3,376 Foreign currency contracts Other current liabilities $ 8,830 $ 2,307 $ 56 Total derivative liabilities not designated as hedging instruments $ 8,830 $ 2,307 $ 56 The following table presents the amounts in the unaudited consolidated statements of operations in which the effects of cash flow hedges are recorded and the effects of cash flow hedge activity on these line items. Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 (In thousands) Total Amount of Gain (Loss) on Cash Flow Hedge Activity Total Amount of Gain (Loss) on Cash Flow Hedge Activity Total Amount of Gain (Loss) on Cash Flow Hedge Activity Total Amount of Gain (Loss) on Cash Flow Hedge Activity Net revenues $ 1,191,729 $ 4,420 $ 1,174,859 $ (1,041) $ 2,396,451 $ 8,212 $ 2,360,229 $ (3,697) Cost of goods sold 637,408 1,468 648,275 (546) 1,297,343 2,208 1,310,192 (2,529) Interest expense, net (5,988) (9) (8,552) 81 (10,226) 1,616 (17,116) 58 Other expense, net (1,128) 152 (8,069) 339 (1,795) 792 (5,181) 140 The following tables present the amounts affecting the unaudited statements of comprehensive income (loss). (In thousands) Balance as of Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives Amount of gain (loss) reclassified from other comprehensive income (loss) into income Balance as of Derivatives designated as cash flow hedges Foreign currency contracts 11,765 5,870 6,040 11,595 Interest rate swaps (604) — (9) (595) Total designated as cash flow hedges $ 11,161 $ 5,870 $ 6,031 $ 11,000 (In thousands) Balance as of Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives Amount of gain (loss) reclassified from other comprehensive income (loss) into income Balance as of June 30, 2019 Derivatives designated as cash flow hedges Foreign currency contracts 21,908 899 11,212 11,595 Interest rate swaps 954 67 1,616 (595) Total designated as cash flow hedges $ 22,862 $ 966 $ 12,828 $ 11,000 (In thousands) Balance as of Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives Amount of gain (loss) reclassified from other comprehensive income (loss) into income Balance as of Derivatives designated as cash flow hedges Foreign currency contracts (7,957) 20,464 (1,248) 13,755 Interest rate swaps 1,463 417 81 1,799 Total designated as cash flow hedges $ (6,494) $ 20,881 $ (1,167) $ 15,554 (In thousands) Balance as of Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives Amount of gain (loss) reclassified from other comprehensive income (loss) into income Balance as of Derivatives designated as cash flow hedges Foreign currency contracts (8,312) 15,981 (6,086) 13,755 Interest rate swaps 438 1,419 58 1,799 Total designated as cash flow hedges $ (7,874) $ 17,400 $ (6,028) $ 15,554 The following table presents the amounts in the unaudited consolidated statements of operations in which the effects of undesignated derivative instruments are recorded and the effects of fair value hedge activity on these line items. Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 (In thousands) Total Amount of Gain (Loss) on Fair Value Hedge Activity Total Amount of Gain (Loss) on Fair Value Hedge Activity Total Amount of Gain (Loss) on Fair Value Hedge Activity Total Amount of Gain (Loss) on Fair Value Hedge Activity Other expense, net $ (1,128) $ (1,706) $ (8,069) $ (9,693) $ (1,795) $ (2,155) $ (5,181) $ (6,453) Cash Flow Hedges 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 driven by non-functional currency generated revenue, non-functional currency inventory purchases, investments in U.S. Dollar denominated available-for-sale debt securities, and certain other intercompany transactions. The Company enters into foreign currency contracts to reduce the risk associated with the foreign currency exchange rate fluctuations on these transactions. Certain contracts are designated as cash flow hedges. As of June 30, 2019, the aggregate notional value of the Company's outstanding cash flow hedges was $597.1 million, with contract maturities ranging from one The Company may enter 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 interest rate swap contracts are accounted for as cash flow hedges. Refer to Note 5 for a discussion of long term debt. As of June 30, 2019, the Company had no outstanding interest rate swap contracts. 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 (loss) after the maturity of the related derivative and is classified in the same manner as the underlying exposure. Undesignated Derivative Instruments The Company may elect to enter into foreign exchange forward contracts to mitigate the change in fair value of specific assets and liabilities on the unaudited consolidated balance sheets. These undesignated instruments are recorded at fair value as a derivative asset or liability on the unaudited consolidated balance sheets with their corresponding change in fair value recognized in other expense, net, together with the re-measurement gain or loss from the hedged balance sheet position. As of June 30, 2019, the total notional value of the Company's outstanding undesignated derivative instruments was $464.7 million. Credit Risk 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 derivative 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, 2019
Income Tax Disclosure [Abstract]
Provision for Income Taxes	Provision for Income Taxes Provision for Income Taxes The effective rates for income taxes were 30.9% and 21.5% for the three months ended June 30, 2019 and 2018, respectively. The effective tax rate for the three months ended June 30, 2019 was higher than the effective tax rate for the three months ended June 30, 2018 primarily due to a smaller pre-tax loss for the three months ended June 30, 2019 compared to the three months ended June 30, 2018, and the corresponding impact of discrete items as a percentage of the pre-tax results in each period. Valuation Allowance The Company evaluates on a quarterly basis whether the deferred tax assets are realizable which requires significant judgment. The Company considers all available positive and negative evidence, including historical operating performance and expectations of future operating performance. To the extent the Company believes it is more likely than not that all or some portion of the asset will not be realized, valuation allowances are established against the Company's deferred tax assets, which increase income tax expense in the period when such a determination is mad e . As noted in the Company's Annual Report on Form 10-K, a significant portion of our deferred tax assets relate to U.S. federal and state taxing jurisdictions. Realization of these deferred tax assets is dependent on future U.S. pre-tax earnings. Due to the Company's challenged U.S. results in 2017 and 2018, the Company incurred significant pre-tax losses in these jurisdictions. The Company continues to believe, as of June 30, 2019, that the weight of the positive evidence outweighs the negative evidence regarding the realization of the majority of the net deferred tax assets related to U.S. federal and state taxing jurisdictions. However, as of June 30, 2019 and consistent with prior periods, valuation allowances have been recorded against select U.S. State and foreign net operating losses.

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share The following represents a reconciliation from basic income (loss) per share to diluted income (loss) per share: Three Months Ended June 30, Six Months Ended June 30, (In thousands, except per share amounts) 2019 2018 2019 2018 Numerator Net income (loss) $ (17,349) $ (95,544) $ 5,128 $ (125,788) Denominator Weighted average common shares outstanding Class A, B and C 451,066 444,626 450,411 443,844 Effect of dilutive securities Class A, B, and C — — 3,306 — Weighted average common shares and dilutive securities outstanding Class A, B, and C 451,066 444,626 453,717 443,844 Basic net income (loss) per share of Class A, B and C common stock $ (0.04) $ (0.21) $ 0.01 $ (0.28) Diluted net income (loss) per share of Class A, B and C common stock $ (0.04) $ (0.21) $ 0.01 $ (0.28)

Segment Data and Related Inform

Segment Data and Related Information	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
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, Europe, the Middle East and Africa (“EMEA”), Asia-Pacific, and Latin America. Each geographic segment operates exclusively in one industry: the development, marketing and distribution of branded performance apparel, footwear and accessories. The CODM also receives discrete financial information for the Company's Connected Fitness segment. Total expenditures for additions to long-lived assets are not disclosed as this information is not regularly provided to the CODM. Effective January 1, 2019, the Company changed the way management internally analyzes the business and excludes certain corporate costs from its segment profitability measures. The Company reports these costs within Corporate Other, which is designed to provide increased transparency and comparability of the Company's operating segments performance. Prior year amounts have been recast to conform to the 2019 presentation. These changes have no impact on previously reported consolidated balance sheets, statements of operations, comprehensive income (loss), stockholders' equity, or cash flows. Corporate Other consists largely of general and administrative expenses not allocated to an operating segment, including expenses associated with centrally managed departments such as global marketing, global IT, global supply chain, innovation and other corporate support functions; costs related to the Company's global assets and global marketing, costs related to the Company’s headquarters; restructuring and restructuring related charges; and certain foreign currency hedge gains and losses. 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. Intercompany balances were eliminated for separate disclosure. Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2019 2018 2019 2018 Net revenues North America $ 816,220 $ 843,383 $ 1,659,469 $ 1,710,928 EMEA 145,320 136,942 279,424 266,530 Asia-Pacific 154,113 125,706 298,398 241,259 Latin America 39,721 40,757 88,909 87,271 Connected Fitness 31,935 29,112 62,039 57,938 Corporate Other (1) 4,420 (1,041) 8,212 (3,697) Total net revenues $ 1,191,729 $ 1,174,859 $ 2,396,451 $ 2,360,229 (1) Corporate Other revenues consist of foreign currency hedge gains and losses related to revenues generated by entities within the Company's operating segments, but managed through the Company's central foreign exchange risk management program. Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2019 2018 2019 2018 Operating income (loss) North America $ 139,198 $ 132,529 $ 299,471 $ 280,714 EMEA 10,493 (5,945) 22,711 1,209 Asia-Pacific 19,647 21,391 39,450 45,513 Latin America (3,891) (4,689) (4,250) (6,567) Connected Fitness 11 1,711 1,080 5,122 Corporate Other (176,940) (249,872) (334,685) (459,527) Total operating income (loss) (11,482) (104,875) 23,777 (133,536) Interest expense, net (5,988) (8,552) (10,226) (17,116) Other expense, net (1,128) (8,069) (1,795) (5,181) Income (loss) before income taxes $ (18,598) $ (121,496) $ 11,756 $ (155,833) The operating income (loss) information for Corporate Other presented above includes the impact of all restructuring, impairment and restructuring related charges related to the Company's 2018 restructuring plan. These unallocated charges are as follows: (In thousands) Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Unallocated restructuring, impairment and restructuring related charges North America related $ 58,561 $ 86,214 EMEA related 3,173 11,438 Asia-Pacific related — — Latin America related 16,178 18,859 Connected Fitness related — — Corporate Other related 6,868 13,223 Total unallocated restructuring, impairment and restructuring related charges $ 84,780 $ 129,734 There were no restructuring charges incurred during the three and six months ended June 30, 2019. Net revenues by product category are as follows: Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2019 2018 2019 2018 Apparel $ 739,736 $ 748,335 $ 1,514,366 $ 1,517,266 Footwear 284,080 271,375 576,627 543,145 Accessories 106,250 105,906 188,242 198,064 Net Sales 1,130,066 1,125,616 2,279,235 2,258,475 License revenues 25,308 21,172 46,965 47,513 Connected Fitness 31,935 29,112 62,039 57,938 Corporate Other 4,420 (1,041) 8,212 (3,697) Total net revenues $ 1,191,729 $ 1,174,859 $ 2,396,451 $ 2,360,229 Net revenues by distribution channel are as follows: Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2019 2018 2019 2018 Wholesale $ 707,388 $ 711,449 $ 1,525,319 $ 1,492,697 Direct to Consumer 422,678 414,167 753,916 765,778 Net Sales 1,130,066 1,125,616 2,279,235 2,258,475 License revenues 25,308 21,172 46,965 47,513 Connected Fitness 31,935 29,112 62,039 57,938 Corporate Other 4,420 (1,041) 8,212 (3,697) Total net revenues $ 1,191,729 $ 1,174,859 $ 2,396,451 $ 2,360,229

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements include the accounts of 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 ("U.S. GAAP") 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. Intercompany balances and transactions were eliminated. The consolidated balance sheet as of December 31, 2018 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, 2018 (the “2018 Form 10-K”), which should be read in conjunction with these consolidated financial statements. The results for the three and six months ended June 30, 2019, are not necessarily indicative of the results to be expected for the year ending December 31, 2019, or any other portions thereof.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted CashThe Company considers all highly liquid investments with an original maturity of three months or less at the date of purchase to be cash and cash equivalents. The Company's restricted cash is reserved for payments related to claims for its captive insurance program, which is included in prepaid expenses and other current assets on the Company's unaudited consolidated balance sheets.
Concentration of Credit Risk	Concentration of Credit RiskFinancial 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 retailers. Credit is extended based on an evaluation of each customer’s financial condition.
Sale of Accounts Receivable	Sale of Accounts Receivable In 2018, the Company entered into agreements with two financial institutions to sell selected accounts receivable on a recurring, non-recourse basis. In 2019, the Company amended one agreement to reduce the facility amount. Under each agreement, the Company may sell up to $140.0 million and $50.0 million, respectively, provided the accounts receivable of certain customers cannot be outstanding simultaneously with both institutions. Balances may remain outstanding at any point in time. The Company removes the sold accounts receivable from the unaudited consolidated balance sheets at the time of sale. The Company does not retain any interests in the sold accounts receivable. The Company acts as the collection agent for the outstanding accounts receivable on behalf of the financial institutions. As of June 30, 2019 and 2018, $0.2 million and $20.2 million remained outstanding, respectively. As of December 31, 2018, there were no amounts outstanding. The funding fee charged by the financial institutions is included in the other income (expense), net line item in the consolidated statement of operations.
Revenue Recognition	Revenue Recognition Net revenues consist of net sales, license and Connected Fitness revenue. Net sales are recognized upon transfer of control, including passage of title to the customer and transfer of risk of loss related to those goods. Payment is due in full when title is transferred. Transfer of title and risk of loss is based upon shipment under free on board shipping point for most goods or upon receipt by the customer depending on the country of the sale and the agreement with the customer. In some instances, transfer of title and risk of loss takes place at the point of sale, for example, at the Company’s brand and factory house stores. The Company may also ship product directly from its supplier to the customer and recognize revenue when the product is delivered to and accepted by the customer. License revenue is primarily recognized based upon shipment of licensed products sold by the Company's licensees. Sales taxes imposed on the Company’s revenues from product sales are presented on a net basis on the consolidated statements of income, and therefore do not impact net revenues or costs of goods sold. The Company records reductions to revenue for estimated customer returns, allowances, markdowns and discounts. The Company bases its estimates on historical rates of customer returns and allowances, as well as the specific identification of outstanding returns, markdowns and allowances that have not yet been received by the Company. The actual amount of customer returns and allowances, which is inherently uncertain, may differ from the Company’s estimates. If the Company determines that actual or expected returns or allowances are significantly higher or lower than the reserves it established, it would record a reduction or increase, as appropriate, to net sales in the period in which it makes such a determination. Provisions for customer specific discounts are based on contractual obligations with certain major customers. Reserves for returns, allowances, markdowns and discounts are included within customer refund liability and the value of inventory associated with reserves for sales returns are included within prepaid expenses and other current assets on the consolidated balance sheet. Contract Liabilities Contract liabilities are recorded when a customer pays consideration, or the Company has a right to an amount of consideration that is unconditional, before the transfer of a good or service to the customer, and thus represent the Company's obligation to transfer the good or service to the customer at a future date. The Company's contract liabilities primarily consist of payments received in advance of revenue recognition for subscriptions for the Company's Connected Fitness applications and royalty arrangements, included in other current liabilities, and gift cards, included in accrued expenses, on the Company's unaudited consolidated balance sheets. As of June 30, 2019, December 31, 2018, and June 30, 2018, contract liabilities were $58.4 million, $55.0 million and $30.4 million, respectively. For the three and six months ended June 30, 2019, the Company recognized $13.4 million and $32.6 million of revenue that was previously included in contract liabilities as of December 31, 2018. For the three and six months ended June 30, 2018, the Company recognized $5.6 million and $15.2 million of revenue that was previously included in contract liabilities as of December 31, 2017. The change in the contract liabilities balance primarily results from the timing differences between the Company's satisfaction of performance obligations and the customer's payment. Commissions related to subscription revenue are capitalized and recognized over the subscription period. Practical Expedients and Policy Elections The Company has made a policy election to account for shipping and handling activities that occur after the customer has obtained control of a good as a fulfillment cost rather than an additional promised service. Additionally, the Company has elected not to disclose certain information related to unsatisfied performance obligations for subscriptions for its Connected Fitness applications as they have an original expected length of one year or less. Shipping and Handling Costs The Company charges certain customers shipping and handling fees. These fees are recorded in net revenues. The Company incurs freight costs associated with shipping goods to customers. These costs are recorded as a component of cost of goods sold. The Company also incurs outbound handling costs associated with preparing goods to ship to customers and certain costs to operate the Company’s distribution facilities. These costs are recorded as a component of selling, general and administrative expenses and were $20.5 million and $22.4 million for the three months ended June 30, 2019 and 2018, respectively, and $42.2 million and $46.0 million for the six months ended June 30, 2019 and 2018, respectively.
Equity Method Investment	Equity Method Investment In April 2018, the Company invested ¥4.2 billion or $39.2 million in exchange for an additional 10% common stock ownership in Dome Corporation ("Dome"), the Company's Japanese licensee. This additional investment brought the Company's total investment in Dome's common stock to 29.5%, from 19.5%. The Company accounts for its investment in Dome under the equity method, given it has the ability to exercise significant influence, but not control, over Dome. As of June 30, 2019, the carrying value of the Company’s total investment in Dome was $48.6 million. The Company's proportionate share of Dome's net assets exceeded its total investment by $63.8 million, which was determined at the time of the investment in April 2018, and is not amortized. For the three and six months ended June 30, 2019 and 2018, the Company recorded the allocable share of Dome’s net income (loss) in its consolidated statements of operations and as an adjustment to the invested balance. In addition to the investment in Dome, the Company has a license agreement with Dome. The Company recorded license revenues from Dome of $5.2 million and $4.8 million for the three months ended June 30, 2019 and 2018, respectively, and $11.7 million and $13.7 million for the six months ended June 30, 2019 and 2018, respectively. As of June 30, 2019, December 31, 2018, and June 30, 2018, the Company had $5.2 million, $13.1 million, and $4.9 million, respectively, in licensing receivables outstanding, recorded in the prepaid expenses and other current assets line item within the Company's unaudited consolidated balance sheets.
Management Estimates	Management EstimatesThe preparation of financial statements in conformity with U.S. GAAP 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/Recently Adopted Accounting Standards	Recently Issued Accounting Standards In June 2016, the Financial Accounting Standards Boards ("FASB") issued ASU 2016-13 - Financial Instruments – Credit Losses: Measurement of Credit Losses on Financial Instruments. This ASU amends the impairment model to utilize an expected loss methodology in place of the currently used incurred loss methodology, which will result in more timely recognition of losses. The new standard applies to financial assets measured at amortized cost basis, including receivables that result from revenue transactions. The ASU is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, and early adoption is permitted for fiscal years beginning after December 15, 2018. The Company is currently evaluating this guidance to determine the impact it may have on its consolidated financial statements. Recently Adopted Accounting Standards In August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities, an update that amends and simplifies certain aspects of hedge accounting rules to increase transparency of the impact of risk management activities in the financial statements. The Company adopted this ASU on January 1, 2019. There was no material impact to the Company's consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Schedule of Cash and Cash Equivalents	The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the unaudited consolidated balance sheets to the unaudited consolidated statements of cash flows. (In thousands) June 30, 2019 December 31, 2018 June 30, 2018 Cash and cash equivalents $ 455,726 $ 557,403 $ 196,879 Restricted cash 10,220 8,657 7,441 Total Cash, cash equivalents and restricted cash $ 465,946 $ 566,060 $ 204,320

Restructuring and Impairment (T

Restructuring and Impairment (Tables)	6 Months Ended
	Jun. 30, 2019
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	The summary of the costs incurred during the three and six months ended June 30, 2018 in connection with the 2018 restructuring plan is as follows: (In thousands) Three Months Ended Six Months Ended June 30, 2018 Costs recorded in cost of goods sold: Inventory write-offs $ 5,940 $ 13,414 Total costs recorded in cost of goods sold 5,940 13,414 Costs recorded in restructuring and impairment charges: Property and equipment impairment 9,717 11,964 Other restructuring costs 9,840 19,723 Contract exit costs 59,283 84,633 Total costs recorded in restructuring and impairment charges 78,840 116,320 Total restructuring, impairment and restructuring related costs $ 84,780 $ 129,734
Schedule of Restructuring Reserve by Type of Cost	A summary of the activity in the restructuring reserve related to the Company's 2017 and 2018 restructuring plans is as follows: (In thousands) Employee Related Costs Contract Exit Costs Other Restructuring Related Costs Balance at January 1, 2019 $ 8,532 $ 71,356 $ 4,876 Additions charged to expense — — — Cash payments charged against reserve (5,483) (13,439) (4,794) Reclassification to operating lease liabilities (1) — (30,572) — Changes in reserve estimate (917) — — Balance at June 30, 2019 $ 2,132 $ 27,345 $ 82

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Lease costs	Supplemental balance sheet information related to leases was as follows: June 30, 2019 Weighted average remaining lease term (in years) 7.1 Weighted average discount rate 4.30 % Supplemental cash flow and other information related to leases was as follows: (In thousands) Six months ended June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities Operating cash outflows from operating leases $ 50,852 Leased assets obtained in exchange for new operating lease liabilities 30,100
Operating lease liability maturity	Maturities of lease liabilities are as follows: (In thousands) 2019 $ 75,106 2020 137,898 2021 124,576 2022 113,104 2023 99,637 2024 and thereafter 287,604 Total lease payments $ 837,925 Less: Interest 120,041 Total present value of lease liabilities $ 717,884
Future minimum payments due	The following is a schedule of future minimum lease payments for non-cancelable real property and equipment operating leases as of December 31, 2018, as well as significant operating lease agreements entered into during the period after December 31, 2018 through the date of the 2018 Form 10-K: (In thousands) 2019 $ 142,648 2020 148,171 2021 154,440 2022 141,276 2023 128,027 2024 and thereafter 699,262 Total future minimum lease payments $ 1,413,824

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Financial Assets And (Liabilities) Measured At Fair Value	Financial assets (liabilities) measured at fair value on a recurring basis are set forth in the table below: June 30, 2019 December 31, 2018 June 30, 2018 (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) $ — $ 8,599 $ — $ — $ 19,531 $ — $ — $ 14,034 $ — Interest rate swap contracts (see Note 9) — — — — 1,567 — — 2,430 — TOLI policies held by the Rabbi Trust — 6,092 — — 5,328 — — 5,772 — Deferred Compensation Plan obligations — (9,860) — — (6,958) — — (8,447) —

Risk Management and Derivativ_2

Risk Management and Derivatives (Tables)	6 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives Balance Sheet Location	The following table presents the fair values of derivative instruments within the unaudited consolidated balance sheets. Refer to Note 7 for a discussion of the fair value measurements. (In thousands) Balance Sheet Classification June 30, 2019 December 31, 2018 June 30, 2018 Derivatives designated as hedging instruments under ASC 815 Foreign currency contracts Other current assets $ 10,427 $ 19,731 $ 13,949 Foreign currency contracts Other long term assets 694 — 888 Interest rate swap contracts Other long term assets — 1,567 2,430 Total derivative assets designated as hedging instruments $ 11,121 $ 21,298 $ 17,267 Foreign currency contracts Other current liabilities $ 2,425 $ 228 $ 1,000 Foreign currency contracts Other long term liabilities 133 — — Total derivative liabilities designated as hedging instruments $ 2,558 $ 228 $ 1,000 Derivatives not designated as hedging instruments under ASC 815 Foreign currency contracts Other current assets $ 1,112 $ 1,097 $ 3,376 Total derivative assets not designated as hedging instruments $ 1,112 $ 1,097 $ 3,376 Foreign currency contracts Other current liabilities $ 8,830 $ 2,307 $ 56 Total derivative liabilities not designated as hedging instruments $ 8,830 $ 2,307 $ 56
Effects of Cash Flow Hedges	The following table presents the amounts in the unaudited consolidated statements of operations in which the effects of cash flow hedges are recorded and the effects of cash flow hedge activity on these line items. Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 (In thousands) Total Amount of Gain (Loss) on Cash Flow Hedge Activity Total Amount of Gain (Loss) on Cash Flow Hedge Activity Total Amount of Gain (Loss) on Cash Flow Hedge Activity Total Amount of Gain (Loss) on Cash Flow Hedge Activity Net revenues $ 1,191,729 $ 4,420 $ 1,174,859 $ (1,041) $ 2,396,451 $ 8,212 $ 2,360,229 $ (3,697) Cost of goods sold 637,408 1,468 648,275 (546) 1,297,343 2,208 1,310,192 (2,529) Interest expense, net (5,988) (9) (8,552) 81 (10,226) 1,616 (17,116) 58 Other expense, net (1,128) 152 (8,069) 339 (1,795) 792 (5,181) 140
Cash Flows in AOCI	The following tables present the amounts affecting the unaudited statements of comprehensive income (loss). (In thousands) Balance as of Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives Amount of gain (loss) reclassified from other comprehensive income (loss) into income Balance as of Derivatives designated as cash flow hedges Foreign currency contracts 11,765 5,870 6,040 11,595 Interest rate swaps (604) — (9) (595) Total designated as cash flow hedges $ 11,161 $ 5,870 $ 6,031 $ 11,000 (In thousands) Balance as of Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives Amount of gain (loss) reclassified from other comprehensive income (loss) into income Balance as of June 30, 2019 Derivatives designated as cash flow hedges Foreign currency contracts 21,908 899 11,212 11,595 Interest rate swaps 954 67 1,616 (595) Total designated as cash flow hedges $ 22,862 $ 966 $ 12,828 $ 11,000 (In thousands) Balance as of Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives Amount of gain (loss) reclassified from other comprehensive income (loss) into income Balance as of Derivatives designated as cash flow hedges Foreign currency contracts (7,957) 20,464 (1,248) 13,755 Interest rate swaps 1,463 417 81 1,799 Total designated as cash flow hedges $ (6,494) $ 20,881 $ (1,167) $ 15,554 (In thousands) Balance as of Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives Amount of gain (loss) reclassified from other comprehensive income (loss) into income Balance as of Derivatives designated as cash flow hedges Foreign currency contracts (8,312) 15,981 (6,086) 13,755 Interest rate swaps 438 1,419 58 1,799 Total designated as cash flow hedges $ (7,874) $ 17,400 $ (6,028) $ 15,554
Schedule of Fair Value Hedging Activity	The following table presents the amounts in the unaudited consolidated statements of operations in which the effects of undesignated derivative instruments are recorded and the effects of fair value hedge activity on these line items. Three months ended June 30, Six months ended June 30, 2019 2018 2019 2018 (In thousands) Total Amount of Gain (Loss) on Fair Value Hedge Activity Total Amount of Gain (Loss) on Fair Value Hedge Activity Total Amount of Gain (Loss) on Fair Value Hedge Activity Total Amount of Gain (Loss) on Fair Value Hedge Activity Other expense, net $ (1,128) $ (1,706) $ (8,069) $ (9,693) $ (1,795) $ (2,155) $ (5,181) $ (6,453)

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of Reconciliation of Basic Earnings per Share to Diluted Earnings per Share	The following represents a reconciliation from basic income (loss) per share to diluted income (loss) per share: Three Months Ended June 30, Six Months Ended June 30, (In thousands, except per share amounts) 2019 2018 2019 2018 Numerator Net income (loss) $ (17,349) $ (95,544) $ 5,128 $ (125,788) Denominator Weighted average common shares outstanding Class A, B and C 451,066 444,626 450,411 443,844 Effect of dilutive securities Class A, B, and C — — 3,306 — Weighted average common shares and dilutive securities outstanding Class A, B, and C 451,066 444,626 453,717 443,844 Basic net income (loss) per share of Class A, B and C common stock $ (0.04) $ (0.21) $ 0.01 $ (0.28) Diluted net income (loss) per share of Class A, B and C common stock $ (0.04) $ (0.21) $ 0.01 $ (0.28)

Segment Data and Related Info_2

Segment Data and Related Information (Tables)	6 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Reconciliation of Revenue from Segments to Consolidated	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. Intercompany balances were eliminated for separate disclosure. Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2019 2018 2019 2018 Net revenues North America $ 816,220 $ 843,383 $ 1,659,469 $ 1,710,928 EMEA 145,320 136,942 279,424 266,530 Asia-Pacific 154,113 125,706 298,398 241,259 Latin America 39,721 40,757 88,909 87,271 Connected Fitness 31,935 29,112 62,039 57,938 Corporate Other (1) 4,420 (1,041) 8,212 (3,697) Total net revenues $ 1,191,729 $ 1,174,859 $ 2,396,451 $ 2,360,229 (1) Corporate Other revenues consist of foreign currency hedge gains and losses related to revenues generated by entities within the Company's operating segments, but managed through the Company's central foreign exchange risk management program.
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2019 2018 2019 2018 Operating income (loss) North America $ 139,198 $ 132,529 $ 299,471 $ 280,714 EMEA 10,493 (5,945) 22,711 1,209 Asia-Pacific 19,647 21,391 39,450 45,513 Latin America (3,891) (4,689) (4,250) (6,567) Connected Fitness 11 1,711 1,080 5,122 Corporate Other (176,940) (249,872) (334,685) (459,527) Total operating income (loss) (11,482) (104,875) 23,777 (133,536) Interest expense, net (5,988) (8,552) (10,226) (17,116) Other expense, net (1,128) (8,069) (1,795) (5,181) Income (loss) before income taxes $ (18,598) $ (121,496) $ 11,756 $ (155,833) The operating income (loss) information for Corporate Other presented above includes the impact of all restructuring, impairment and restructuring related charges related to the Company's 2018 restructuring plan. These unallocated charges are as follows: (In thousands) Three Months Ended June 30, 2018 Six Months Ended June 30, 2018 Unallocated restructuring, impairment and restructuring related charges North America related $ 58,561 $ 86,214 EMEA related 3,173 11,438 Asia-Pacific related — — Latin America related 16,178 18,859 Connected Fitness related — — Corporate Other related 6,868 13,223 Total unallocated restructuring, impairment and restructuring related charges $ 84,780 $ 129,734 There were no restructuring charges incurred during the three and six months ended June 30, 2019.
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) 2019 2018 2019 2018 Apparel $ 739,736 $ 748,335 $ 1,514,366 $ 1,517,266 Footwear 284,080 271,375 576,627 543,145 Accessories 106,250 105,906 188,242 198,064 Net Sales 1,130,066 1,125,616 2,279,235 2,258,475 License revenues 25,308 21,172 46,965 47,513 Connected Fitness 31,935 29,112 62,039 57,938 Corporate Other 4,420 (1,041) 8,212 (3,697) Total net revenues $ 1,191,729 $ 1,174,859 $ 2,396,451 $ 2,360,229 Net revenues by distribution channel are as follows: Three Months Ended June 30, Six Months Ended June 30, (In thousands) 2019 2018 2019 2018 Wholesale $ 707,388 $ 711,449 $ 1,525,319 $ 1,492,697 Direct to Consumer 422,678 414,167 753,916 765,778 Net Sales 1,130,066 1,125,616 2,279,235 2,258,475 License revenues 25,308 21,172 46,965 47,513 Connected Fitness 31,935 29,112 62,039 57,938 Corporate Other 4,420 (1,041) 8,212 (3,697) Total net revenues $ 1,191,729 $ 1,174,859 $ 2,396,451 $ 2,360,229

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Narrative) (Details) ¥ in Billions	3 Months Ended		6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Apr. 30, 2019USD ($)	Apr. 30, 2019JPY (¥)	Dec. 31, 2018USD ($)	Mar. 31, 2018
Summary Of Significant Accounting Policies [Line Items]
Accounts receivable, net	$ 200,000	$ 20,200,000	$ 200,000	$ 20,200,000			$ 0
Allowance for doubtful accounts receivable	17,800,000	27,600,000	17,800,000	27,600,000			22,200,000
Contract liability	58,400,000	30,400,000	58,400,000	30,400,000			55,000,000
Revenue recognized	13,400,000	5,600,000	32,600,000	15,200,000
Shipping and handling costs	20,500,000	22,400,000	42,200,000	46,000,000
Net revenues	1,191,729,000	1,174,859,000	2,396,451,000	2,360,229,000
Operating lease, right-of-use assets	606,018,000		606,018,000
Operating lease liabilities	717,884,000		717,884,000
Dome Corporation [Member]
Summary Of Significant Accounting Policies [Line Items]
Investment	48,600,000		48,600,000		$ 39,200,000	¥ 4.2
Additional percentage					10.00%	10.00%
Ownership percentage					29.50%	29.50%
Carrying value less than equity interest in the underlying net assets	63,800,000		63,800,000
Dome Corporation [Member]
Summary Of Significant Accounting Policies [Line Items]
Noncontrolling interest percentage								19.50%
License [Member] | Dome Corporation [Member]
Summary Of Significant Accounting Policies [Line Items]
Net revenues	5,200,000	4,800,000	11,700,000	13,700,000
Licensing Receivable [Member]
Summary Of Significant Accounting Policies [Line Items]
Accounts receivable, net	5,200,000	$ 4,900,000	5,200,000	$ 4,900,000			$ 13,100,000
Agreement 1 [Member]
Summary Of Significant Accounting Policies [Line Items]
Accounts receivable available to be sold, maximum	140,000,000		140,000,000
Agreement 2 [Member]
Summary Of Significant Accounting Policies [Line Items]
Accounts receivable available to be sold, maximum	50,000,000		50,000,000
2018 Restructuring Plan [Member] | Selling, general and administrative expenses [Member]
Summary Of Significant Accounting Policies [Line Items]
Consulting expenses	$ 6,000,000		$ 5,500,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018	Dec. 31, 2017
Accounting Policies [Abstract]
Cash and cash equivalents	$ 455,726	$ 557,403	$ 196,879
Restricted cash	10,220	8,657	7,441
Total Cash, cash equivalents and restricted cash	$ 465,946	$ 566,060	$ 204,320	$ 318,135

Restructuring and Impairment -

Restructuring and Impairment - Summary of Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Restructuring Cost and Reserve [Line Items]
Total costs recorded in restructuring and impairment charges	$ 0	$ 78,840	$ 0	$ 116,320
Total restructuring, impairment and restructuring related costs		84,780		129,734
2017 And 2018 Restructuring Plan [Member]
Restructuring Cost and Reserve [Line Items]
Inventory write-offs		5,940		13,414
Property and equipment impairment		9,717		11,964
Other restructuring related costs		9,840		19,723
Contract exit costs		59,283		84,633
Total costs recorded in restructuring and impairment charges		78,840		116,320
Total restructuring, impairment and restructuring related costs		$ 84,780		$ 129,734

Restructuring and Impairment _2

Restructuring and Impairment - Restructuring Reserve (Details) - 2017 And 2018 Restructuring Plan [Member] $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Employee Related costs [Member]
Restructuring Reserve [Roll Forward]
Balance beginning	$ 8,532
Additions charged to expense	0
Cash payments charged against reserve	(5,483)
Reclassification to operating lease liabilities	0
Changes in reserve estimate	(917)
Balance ending	2,132
Contract Exit Costs [Member]
Restructuring Reserve [Roll Forward]
Balance beginning	71,356
Additions charged to expense	0
Cash payments charged against reserve	(13,439)
Reclassification to operating lease liabilities	(30,572)
Changes in reserve estimate	0
Balance ending	27,345
Other Restructuring Related Costs [Member]
Restructuring Reserve [Roll Forward]
Balance beginning	4,876
Additions charged to expense	0
Cash payments charged against reserve	(4,794)
Reclassification to operating lease liabilities	0
Changes in reserve estimate	0
Balance ending	$ 82

Leases - Leases Costs (Details)

Leases - Leases Costs (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019USD ($)	Jun. 30, 2019USD ($)
Leases [Abstract]
Operating lease costs	$ 38,700	$ 75,800
Weighted average remaining lease term (in years)	7 years 1 month 6 days	7 years 1 month 6 days
Weighted average discount rate	4.30%	4.30%
Operating cash outflows from operating leases		$ 50,852,000
Leased assets obtained in exchange for new operating lease liabilities		30,100,000
Leases not yet commenced	$ 340,900	$ 340,900
Term of leases not yet commenced	15 years	15 years

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Details) $ in Thousands	Jun. 30, 2019USD ($)
Leases [Abstract]
2019	$ 75,106
2020	137,898
2021	124,576
2022	113,104
2023	99,637
2024 and thereafter	287,604
Total lease payments	837,925
Less: Interest	120,041
Total present value of lease liabilities	$ 717,884

Leases - Payments Under Topic 8

Leases - Payments Under Topic 840 (Details) $ in Thousands	Dec. 31, 2018USD ($)
Leases [Abstract]
2019	$ 142,648
2020	148,171
2021	154,440
2022	141,276
2023	128,027
2024 and thereafter	699,262
Total future minimum lease payments	$ 1,413,824

Long Term Debt - Credit Facilit

Long Term Debt - Credit Facility (Details) - USD ($)	Mar. 08, 2019	Jan. 31, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Debt Instrument [Line Items]
Commitment fee percentage				1.50%
London Interbank Offered Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Variable rate				1.00%
London Interbank Offered Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Variable rate				1.25%
Prime Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Variable rate				0.00%
Prime Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Variable rate				0.25%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt Instrument, Term	5 years
Maximum borrowing capacity	$ 1,250,000,000
Long-term debt				$ 0		$ 0
Weighted average interest rate			2.90%	3.60%	2.80%
Debt financing costs				$ 3,500,000
Term Loan Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	0
Long-term debt						$ 136,300,000
Debt prepaid		$ 136,300,000
Weighted average interest rate			3.30%		3.10%
Letter of Credit [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 50,000,000
Letters of credit outstanding				$ 4,600,000

Long Term Debt - Senior Notes (

Long Term Debt - Senior Notes (Details) $ in Millions	Jun. 30, 2016USD ($)
Debt Instrument [Line Items]
Senior notes	$ 600
Senior Notes [Member]
Debt Instrument [Line Items]
Stated percentage	3.25%
Debt financing costs	$ 5.3

Long Term Debt - Other Long Ter

Long Term Debt - Other Long Term Debt (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2012
Debt Instrument [Line Items]
Interest expense, net	$ 5,988	$ 8,552	$ 10,226	$ 17,116
Secured Debt [Member]
Debt Instrument [Line Items]
Secured debt		$ 39,000		$ 39,000	$ 50,000

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Thousands	1 Months Ended		2 Months Ended	6 Months Ended		12 Months Ended
	Apr. 30, 2018plaintiff	Jun. 30, 2016USD ($)	Jul. 31, 2018plaintiff	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Dec. 31, 2014USD ($)	Mar. 23, 2017case
Loss Contingencies [Line Items]
Purchases of land				$ 77,046	$ 95,607
Under Armour Securities Litigation, Case No. 17-cv-00388-RDB [Member] | Pending Litigation [Member]
Loss Contingencies [Line Items]
Pending claims | case							3
Derivative Complaints [Member]
Loss Contingencies [Line Items]
Number of plaintiffs | plaintiff	2		3
Sagamore Development Company, LLC [Member]
Loss Contingencies [Line Items]
Land investment						$ 72,000
Payment for lease termination						30,600
Development costs						6,400
Land [Member]
Loss Contingencies [Line Items]
Purchases of land		$ 70,300
Land [Member] | Sagamore Development Company, LLC [Member]
Loss Contingencies [Line Items]
Purchases of land						$ 35,000

Fair Value Measurements (Financ

Fair Value Measurements (Financial Assets And (Liabilities) Measured At Fair Value) (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
TOLI policies held by the Rabbi Trust	$ 0	$ 0	$ 0
Deferred Compensation Plan obligations	0	0	0
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
TOLI policies held by the Rabbi Trust	6,092	5,328	5,772
Deferred Compensation Plan obligations	(9,860)	(6,958)	(8,447)
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
TOLI policies held by the Rabbi Trust	0	0	0
Deferred Compensation Plan obligations	0	0	0
Foreign Currency Contract [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets (liabilities)	0	0	0
Foreign Currency Contract [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets (liabilities)	8,599	19,531	14,034
Foreign Currency Contract [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets (liabilities)	0	0	0
Interest Rate Swap [Member] | Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets (liabilities)	0	0	0
Interest Rate Swap [Member] | Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets (liabilities)		1,567
Interest Rate Swap [Member] | Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets (liabilities)	$ 0	$ 0	$ 0

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - USD ($) $ in Millions	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Senior Notes [Member]
Debt Instrument [Line Items]
Senior Notes	$ 567.2	$ 500.1	$ 538.6

Stock Based Compensation (Detai

Stock Based Compensation (Details) shares in Millions	6 Months Ended
	Jun. 30, 2019$ / sharesshares
Second Amended and Restated 2005 Omnibus Long-Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options granted (in shares) | shares	0.2
Options weighted average grant date fair value (in dollars per share) | $ / shares	$ 8.70
Performance-based Restricted Stock Units [Member] | Second Amended and Restated 2005 Omnibus Long-Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares) | shares	0.6
Shares weighted average grant date fair value (in dollars per share) | $ / shares	$ 19.39
Tranche One [Member] | Performance-based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	33.00%
Tranche One [Member] | Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	33.00%
Tranche Two [Member] | Performance-based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	33.00%
Tranche Two [Member] | Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	33.00%
Tranche Three [Member] | Performance-based Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	33.00%
Tranche Three [Member] | Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	33.00%

Risk Management and Derivativ_3

Risk Management and Derivatives (Narrative) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Derivative [Line Items]
Minimum maturity	1 month
Maximum maturity	18 months
Cash Flow Hedging [Member] | Foreign Currency Contract [Member]
Derivative [Line Items]
Notional amount	$ 597,100
Not Designated as Hedging Instrument [Member] | Foreign Currency Contract [Member]
Derivative [Line Items]
Notional amount	$ 464,700

Risk Management and Derivativ_4

Risk Management and Derivatives - Balance Sheet Location (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative asset	$ 11,121	$ 21,298	$ 17,267
Derivative liability	2,558	228	1,000
Designated as Hedging Instrument [Member] | Foreign Currency Contract [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative asset	10,427	19,731	13,949
Designated as Hedging Instrument [Member] | Foreign Currency Contract [Member] | Other Longterm Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative asset	694	0	888
Designated as Hedging Instrument [Member] | Foreign Currency Contract [Member] | Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liability	2,425	228	1,000
Designated as Hedging Instrument [Member] | Foreign Currency Contract [Member] | Other Longterm Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liability	133	0	0
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Derivatives, Fair Value [Line Items]
Derivative asset	0		2,430
Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Other Longterm Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative asset	0	1,567
Not Designated as Hedging Instrument [Member]
Derivatives, Fair Value [Line Items]
Derivative asset	1,112	1,097	3,376
Derivative liability	8,830	2,307	56
Not Designated as Hedging Instrument [Member] | Foreign Currency Contract [Member] | Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative asset	1,112	1,097	3,376
Not Designated as Hedging Instrument [Member] | Foreign Currency Contract [Member] | Other Current Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liability	$ 8,830	$ 2,307	$ 56

Risk Management and Derivativ_5

Risk Management and Derivatives - Hedging Activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Net revenues	$ 1,191,729	$ 1,174,859	$ 2,396,451	$ 2,360,229
Cost of goods sold	637,408	648,275	1,297,343	1,310,192
Interest expense, net	(5,988)	(8,552)	(10,226)	(17,116)
Other expense, net	(1,128)	(8,069)	(1,795)	(5,181)
Amount of Gain (Loss) on Cash Flow Hedge Activity	6,031	(1,167)	12,828	(6,028)
Net Revenues [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) on Cash Flow Hedge Activity	4,420	(1,041)	8,212	(3,697)
Cost of Goods Sold [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) on Cash Flow Hedge Activity	1,468	(546)	2,208	(2,529)
Interest expense, net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) on Cash Flow Hedge Activity	(9)	81	1,616	58
Other Income (Expense), Net [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) on Cash Flow Hedge Activity	152	339	792	140
Amount of Gain (Loss) on Fair Value Hedge Activity	$ (1,706)	$ (9,693)	$ (2,155)	$ (6,453)

Risk Management and Derivativ_6

Risk Management and Derivatives - Derivative Rollforward (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Derivative Asset (Liability) Rollforward [Roll Forward]
Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives	$ 5,870	$ 20,881	$ 966	$ 17,400
Amount of Gain (Loss) on Cash Flow Hedge Activity	6,031	(1,167)	12,828	(6,028)
Cash Flow Hedging [Member]
Derivative Asset (Liability) Rollforward [Roll Forward]
Derivative assets (liabilities), beginning	11,161	(6,494)	22,862	(7,874)
Derivative assets (liabilities), ending	11,000	15,554	11,000	15,554
Foreign Currency Contract [Member]
Derivative Asset (Liability) Rollforward [Roll Forward]
Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives	5,870	20,464	899	15,981
Amount of Gain (Loss) on Cash Flow Hedge Activity	6,040	(1,248)	11,212	(6,086)
Foreign Currency Contract [Member] | Cash Flow Hedging [Member]
Derivative Asset (Liability) Rollforward [Roll Forward]
Derivative assets (liabilities), beginning	11,765	(7,957)	21,908	(8,312)
Derivative assets (liabilities), ending	11,595	13,755	11,595	13,755
Interest Rate Swap [Member]
Derivative Asset (Liability) Rollforward [Roll Forward]
Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives	0	417	67	1,419
Amount of Gain (Loss) on Cash Flow Hedge Activity	(9)	81	1,616	58
Interest Rate Swap [Member] | Cash Flow Hedging [Member]
Derivative Asset (Liability) Rollforward [Roll Forward]
Derivative assets (liabilities), beginning	(604)	1,463	954	438
Derivative assets (liabilities), ending	$ (595)	$ 1,799	$ (595)	$ 1,799

Provision for Income Taxes (Det

Provision for Income Taxes (Details)	3 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Effective tax rate	30.90%	21.50%

Earnings per Share (Schedule Of

Earnings per Share (Schedule Of Reconciliation Of Basic Earnings Per Share To Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Earnings Per Share [Abstract]
Net income (loss)	$ (17,349)	$ (95,544)	$ 5,128	$ (125,788)
Weighted average common shares outstanding Class A, B and C (in shares)	451,066,000	444,626,000	450,411,000	443,844,000
Effect of dilutive securities Class A, B, and C (in shares)	0	0	3,306,000	0
Weighted average common shares and dilutive securities outstanding Class A, B, and C (in shares)	451,066,000	444,626,000	453,717,000	443,844,000
Basic net income (loss) per share of Class A, B and C common stock (in dollars per share)	$ (0.04)	$ (0.21)	$ 0.01	$ (0.28)
Diluted net income (loss) per share of Class A, B and C common stock (in dollars per share)	$ (0.04)	$ (0.21)	$ 0.01	$ (0.28)
Antidilutive securities	0	0	2,500,000	0

Segment Data and Related Info_3

Segment Data and Related Information (Geographic Distribution Of The Company's Net Revenues And Operating Income) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Net revenues	$ 1,191,729	$ 1,174,859	$ 2,396,451	$ 2,360,229
Total operating income (loss)	(11,482)	(104,875)	23,777	(133,536)
Interest expense, net	(5,988)	(8,552)	(10,226)	(17,116)
Other expense, net	(1,128)	(8,069)	(1,795)	(5,181)
Income (loss) before income taxes	(18,598)	(121,496)	11,756	(155,833)
Total unallocated restructuring, impairment and restructuring related charges		84,780		129,734
North America [Member]
Segment Reporting Information [Line Items]
Net revenues	816,220	843,383	1,659,469	1,710,928
Total operating income (loss)	139,198	132,529	299,471	280,714
Total unallocated restructuring, impairment and restructuring related charges		58,561		86,214
EMEA [Member]
Segment Reporting Information [Line Items]
Net revenues	145,320	136,942	279,424	266,530
Total operating income (loss)	10,493	(5,945)	22,711	1,209
Total unallocated restructuring, impairment and restructuring related charges		3,173		11,438
Asia Pacific [Member]
Segment Reporting Information [Line Items]
Net revenues	154,113	125,706	298,398	241,259
Total operating income (loss)	19,647	21,391	39,450	45,513
Total unallocated restructuring, impairment and restructuring related charges		0		0
Latin America [Member]
Segment Reporting Information [Line Items]
Net revenues	39,721	40,757	88,909	87,271
Total operating income (loss)	(3,891)	(4,689)	(4,250)	(6,567)
Total unallocated restructuring, impairment and restructuring related charges		16,178		18,859
Connected Fitness [Member]
Segment Reporting Information [Line Items]
Net revenues	31,935	29,112	62,039	57,938
Total operating income (loss)	11	1,711	1,080	5,122
Total unallocated restructuring, impairment and restructuring related charges		0		0
Corporate Other [Member]
Segment Reporting Information [Line Items]
Net revenues	4,420	(1,041)	8,212	(3,697)
Total operating income (loss)	$ (176,940)	(249,872)	$ (334,685)	(459,527)
Total unallocated restructuring, impairment and restructuring related charges		$ 6,868		$ 13,223

Segment Data and Related Info_4

Segment Data and Related Information (Net Revenues By Product Category) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Segment Reporting Information [Line Items]
Revenues	$ 1,191,729	$ 1,174,859	$ 2,396,451	$ 2,360,229
Apparel [Member]
Segment Reporting Information [Line Items]
Net sales	739,736	748,335	1,514,366	1,517,266
Footwear [Member]
Segment Reporting Information [Line Items]
Net sales	284,080	271,375	576,627	543,145
Accessories [Member]
Segment Reporting Information [Line Items]
Net sales	106,250	105,906	188,242	198,064
Product [Member]
Segment Reporting Information [Line Items]
Net sales	1,130,066	1,125,616	2,279,235	2,258,475
License [Member]
Segment Reporting Information [Line Items]
Net sales	25,308	21,172	46,965	47,513
Connected Fitness [Member]
Segment Reporting Information [Line Items]
Net sales	31,935	29,112	62,039	57,938
Revenues	31,935	29,112	62,039	57,938
Corporate Other [Member]
Segment Reporting Information [Line Items]
Revenues	4,420	(1,041)	8,212	(3,697)
Wholesale [Member]
Segment Reporting Information [Line Items]
Net sales	707,388	711,449	1,525,319	1,492,697
Direct to Consumer [Member]
Segment Reporting Information [Line Items]
Net sales	$ 422,678	$ 414,167	$ 753,916	$ 765,778