Under Armour (UA) 10-K 29 May 24 2024 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Mar. 31, 2024	May 15, 2024	Sep. 30, 2023
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Mar. 31, 2024
Current Fiscal Year End Date	--03-31
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	468-2512
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction Flag	true
Document Financial Statement Restatement Recovery Analysis Flag	false
Entity Shell Company	false
Documents Incorporated by Reference	Portions of Under Armour, Inc.’s Proxy Statement for the Annual Meeting of Stockholders to be held on September 4, 2024 are incorporated by reference in Part III of this Annual Report on Form 10-K.
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Entity Central Index Key	0001336917
Class A Common Stock
Document Information [Line Items]
Title of 12(b) Security	Class A Common Stock
Trading Symbol	UAA
Security Exchange Name	NYSE
Entity Public Float			$ 1,290,282,890
Entity Common Stock, Shares Outstanding		188,802,043
Class C Common Stock
Document Information [Line Items]
Title of 12(b) Security	Class C Common Stock
Trading Symbol	UA
Security Exchange Name	NYSE
Entity Public Float			$ 1,228,521,026
Entity Common Stock, Shares Outstanding		213,245,598
Class B Convertible Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		34,450,000

Audit Information

Audit Information	12 Months Ended
	Mar. 31, 2024
Audit Information [Abstract]
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	Baltimore, Maryland
Auditor Firm ID	238

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Current assets
Cash and cash equivalents	$ 858,691	$ 710,929
Accounts receivable, net (Note 3)	757,339	758,564
Inventories	958,495	1,185,657
Prepaid expenses and other current assets, net	289,157	293,334
Total current assets	2,863,682	2,948,484
Property and equipment, net (Note 4)	664,503	644,834
Operating lease right-of-use assets (Note 5)	434,699	489,306
Goodwill (Note 6)	478,302	481,992
Intangible assets, net (Note 7)	7,000	8,940
Deferred income taxes (Note 17)	221,033	186,908
Other long-term assets	91,515	67,089
Total assets	4,760,734	4,827,553
Current liabilities
Current maturities of long-term debt (Note 9)	80,919	0
Accounts payable	483,731	648,486
Accrued expenses	287,853	366,530
Customer refund liabilities (Note 12)	139,283	160,533
Operating lease liabilities (Note 5)	139,331	140,990
Other current liabilities	34,344	42,744
Total current liabilities	1,165,461	1,359,283
Long-term debt, net of current maturities (Note 9)	594,873	674,478
Operating lease liabilities, non-current (Note 5)	627,665	705,713
Other long-term liabilities	219,449	121,932
Total liabilities	2,607,448	2,861,406
Stockholders' equity (Note 11)
Additional paid-in capital	1,181,854	1,136,536
Retained earnings	1,048,411	897,306
Accumulated other comprehensive income (loss)	(77,123)	(67,842)
Total stockholders' equity	2,153,286	1,966,147
Total liabilities and stockholders' equity	4,760,734	4,827,553
Class A Common Stock
Stockholders' equity (Note 11)
Common stock	63	63
Class B Convertible Common Stock
Stockholders' equity (Note 11)
Common stock	11	11
Class C Common Stock
Stockholders' equity (Note 11)
Common stock	$ 70	$ 73

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2024	Mar. 31, 2023
Class A Common Stock
Commons stock, par value (in dollars per share)	$ 0.0003	$ 0.0003
Common stock, authorized (in shares)	400,000,000	400,000,000
Common stock, shares issued (in shares)	188,802,043	188,704,689
Common stock, shares outstanding (in shares)	188,802,043	188,704,689
Class B Convertible Common Stock
Commons stock, par value (in dollars per share)	$ 0.0003	$ 0.0003
Common stock, authorized (in shares)	34,450,000	34,450,000
Common stock, shares issued (in shares)	34,450,000	34,450,000
Common stock, shares outstanding (in shares)	34,450,000	34,450,000
Class C Common Stock
Commons stock, par value (in dollars per share)	$ 0.0003	$ 0.0003
Common stock, authorized (in shares)	400,000,000	400,000,000
Common stock, shares issued (in shares)	212,711,353	221,346,517
Common stock, shares outstanding (in shares)	212,711,353	221,346,517

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Income Statement [Abstract]
Net revenues	$ 1,332,197	$ 1,486,043	$ 1,566,674	$ 1,316,965	$ 1,398,605	$ 1,581,487	$ 1,574,296	$ 1,348,777	$ 1,300,793	$ 5,701,879	$ 5,903,165	$ 5,682,592
Cost of goods sold	732,601	815,404	818,151	705,470	793,112	884,563	860,799	720,860	696,397	3,071,626	3,259,334	2,821,967
Gross profit	599,596	670,639	748,523	611,495	605,493	696,924	713,497	627,917	604,396	2,630,253	2,643,831	2,860,625
Selling, general and administrative expenses	603,150	599,230	609,050	589,072	575,931	607,433	597,595	599,286	597,158	2,400,502	2,380,245	2,344,859
Restructuring and impairment charges									56,674	0	0	40,518
Income (loss) from operations	(3,554)	71,409	139,473	22,423	29,562	89,491	115,902	28,631	(49,436)	229,751	263,586	475,248
Interest income (expense), net	2,478	(211)	(373)	(1,626)	(1,651)	(1,615)	(3,555)	(6,005)	(6,154)	268	(12,826)	(44,300)
Other income (expense), net	(3,708)	47,927	(6,104)	(6,060)	(5,740)	42,848	(5,771)	(14,241)	(107)	32,055	17,096	(51,009)
Income (loss) before income taxes	(4,784)	119,125	132,996	14,737	22,171	130,724	106,576	8,385	(55,697)	262,074	267,856	379,939
Income tax expense (benefit)	(11,327)	8,569	28,436	4,328	(152,497)	17,726	21,489	4,637	8,181	30,006	(108,645)	30,191
Income (loss) from equity method investments	25	197	151	(399)	(308)	72	(908)	(898)	732	(26)	(2,042)	1,255
Net income (loss)	$ 6,568	$ 110,753	$ 104,711	$ 10,010	$ 174,360	$ 113,070	$ 84,179	$ 2,850	$ (63,146)	$ 232,042	$ 374,459	$ 351,003
Basic net income (loss) per share of Class A, B and C common stock (in dollars per share)	$ 0.02	$ 0.25	$ 0.24	$ 0.02	$ 0.39	$ 0.25	$ 0.19	$ 0.01	$ (0.13)	$ 0.53	$ 0.83	$ 0.75
Diluted net income (loss) per share of Class A, B and C common stock (in dollars per share)	$ 0.02	$ 0.25	$ 0.23	$ 0.02	$ 0.38	$ 0.25	$ 0.18	$ 0.01	$ (0.13)	$ 0.52	$ 0.81	$ 0.75
Weighted average common shares outstanding Class A, B and C common stock
Basic (in shares)									471,425	440,324	451,426	465,504
Diluted (in shares)									471,425	451,011	461,509	468,644

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (63,146)	$ 232,042	$ 374,459	$ 351,003
Other comprehensive income (loss):
Foreign currency translation adjustment	7,045	3,413	(10,402)	(6,552)
Unrealized gain (loss) on cash flow hedges, net of tax benefit (expense) of $1,802, $6,241, $(909) and $(5,725), for the years ended March 31, 2024 and 2023, three months ended March 31, 2022 and year ended December 31, 2021, respectively.	758	(4,043)	1,473	18,603
Gain (loss) on intra-entity foreign currency transactions	(279)	(8,651)	(18,827)	(476)
Total other comprehensive income (loss)	7,524	(9,281)	(27,756)	11,575
Comprehensive income (loss)	$ (55,622)	$ 222,761	$ 346,703	$ 362,578

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Unrealized gain (loss) on cash flow hedges, net of tax benefit (expense)	$ (909)	$ 1,802	$ 6,241	$ (5,725)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Class A Common Stock	Class B Convertible Common Stock	Class C Common Stock	Common Stock	Common Stock Class A Common Stock	Common Stock Class B Convertible Common Stock	Common Stock Class C Common Stock	Additional Paid-in-Capital	Additional Paid-in-Capital Cumulative Effect, Period of Adoption, Adjustment	Additional Paid-in-Capital Class C Common Stock	Retained Earnings	Retained Earnings Cumulative Effect, Period of Adoption, Adjustment	Retained Earnings Class C Common Stock	Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2020							188,603,000	34,450,000	231,954,000
Beginning balance at Dec. 31, 2020	$ 1,668,640						$ 62	$ 11	$ 77	$ 1,061,173			$ 666,502			$ (59,185)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)						7,000	6,000
Exercise of stock options	23									23
Shares withheld in consideration of employee tax obligations relative to stock-based compensation arrangements (in shares)									(291,000)
Shares withheld in consideration of employee tax obligations relative to stock-based compensation arrangements	(6,082)												(6,082)
Issuance of common stock, net of forfeitures (in shares)							42,000		21,491,000
Issuance of common stock, net of forfeitures			$ 1		$ 3,630		$ 1		$ 7			$ 3,623
Stock-based compensation expense	43,794									43,794
Comprehensive income (loss)	362,578												351,003			11,575
Ending balance (in shares) at Dec. 31, 2021							188,651,000	34,450,000	253,161,000
Ending balance at Dec. 31, 2021	$ 2,072,584	$ (9,207)					$ 63	$ 11	$ 84	1,108,613	$ (14,351)		1,011,423	$ 5,144		(47,610)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2020-06 [Member]
Shares withheld in consideration of employee tax obligations relative to stock-based compensation arrangements (in shares)									(761,000)
Shares withheld in consideration of employee tax obligations relative to stock-based compensation arrangements	$ (11,446)												(11,446)
Class C Common Stock repurchased (in shares)					(16,200,000)				(16,151,000)
Class C Common Stock Repurchased					$ (300,000)				$ (5)			(60,000)			$ (239,995)
Issuance of common stock, net of forfeitures (in shares)							18,000		2,223,000
Issuance of common stock, net of forfeitures					$ 935							935
Stock-based compensation expense	11,764									11,764
Comprehensive income (loss)	(55,622)												(63,146)			7,524
Ending balance (in shares) at Mar. 31, 2022							188,669,000	34,450,000	238,472,000
Ending balance at Mar. 31, 2022	1,709,008						$ 63	$ 11	$ 79	1,046,961			701,980			(40,086)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares withheld in consideration of employee tax obligations relative to stock-based compensation arrangements (in shares)									(549,000)
Shares withheld in consideration of employee tax obligations relative to stock-based compensation arrangements	(5,151)												(5,151)
Class C Common Stock repurchased (in shares)					(18,700,000)				(18,725,000)
Class C Common Stock Repurchased					$ (125,000)				$ (6)			48,988			(173,982)
Issuance of common stock, net of forfeitures (in shares)							36,000		2,149,000
Issuance of common stock, net of forfeitures					$ 3,776							3,776
Stock-based compensation expense	36,811									36,811
Comprehensive income (loss)	346,703												374,459			(27,756)
Ending balance (in shares) at Mar. 31, 2023			188,704,689	34,450,000	221,346,517		188,705,000	34,450,000	221,347,000
Ending balance at Mar. 31, 2023	$ 1,966,147						$ 63	$ 11	$ 73	1,136,536			897,306			(67,842)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)	0
Shares withheld in consideration of employee tax obligations relative to stock-based compensation arrangements (in shares)									(807,000)
Shares withheld in consideration of employee tax obligations relative to stock-based compensation arrangements	$ (6,163)												(6,163)
Excise tax on repurchases of common stock	(650)									(650)
Class C Common Stock repurchased (in shares)					(10,700,000)				(10,685,000)
Class C Common Stock Repurchased					$ (75,000)				$ (3)			(223)			$ (74,774)
Issuance of common stock, net of forfeitures (in shares)							97,000		2,856,000
Issuance of common stock, net of forfeitures					$ 3,193							$ 3,193
Stock-based compensation expense	42,998									42,998
Comprehensive income (loss)	222,761												232,042			(9,281)
Ending balance (in shares) at Mar. 31, 2024			188,802,043	34,450,000	212,711,353		188,802,000	34,450,000	212,711,000
Ending balance at Mar. 31, 2024	$ 2,153,286						$ 63	$ 11	$ 70	$ 1,181,854			$ 1,048,411			$ (77,123)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Cash flows from operating activities
Net income (loss)	$ (63,146)	$ 232,042	$ 374,459	$ 351,003
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Depreciation and amortization	34,906	142,590	135,456	141,026
Unrealized foreign currency exchange rate (gain) loss	(8,585)	16,080	(8,463)	18,877
Loss on extinguishment of senior convertible notes	0	0	0	58,526
Loss on disposal of property and equipment	1,604	1,623	2,616	5,770
Non-cash restructuring and impairment charges	(1,871)	6,179	1,959	26,938
Amortization of bond premium and debt issuance costs	549	2,034	2,192	16,891
Stock-based compensation	11,764	42,998	36,811	43,794
Deferred income taxes	(2,500)	(23,693)	(153,143)	(2,642)
Changes in reserves and allowances	(5,250)	13,612	11,696	(25,766)
Changes in operating assets and liabilities:
Accounts receivable	(132,462)	(3,906)	(60,910)	(30,635)
Inventories	(5,753)	216,484	(368,992)	93,184
Prepaid expenses and other assets	(3,537)	(29,060)	(37,907)	10,032
Other non-current assets	27,096	34,920	(60,944)	79,594
Accounts payable	(55,063)	(197,887)	76,280	26,027
Accrued expenses and other liabilities	(121,993)	(18,267)	(9,388)	(109,277)
Customer refund liability	(4,398)	(21,427)	851	(38,861)
Income taxes payable and receivable	4,564	(60,352)	17,541	(3,916)
Net cash provided by (used in) operating activities	(324,075)	353,970	(39,886)	660,565
Cash flows from investing activities
Purchases of property and equipment	(37,493)	(150,333)	(158,066)	(66,032)
Sale of property and equipment	0	0	0	1,413
Sale of MyFitnessPal platform	0	45,000	35,000	0
Net cash provided by (used in) investing activities	(37,493)	(105,333)	(123,066)	(64,619)
Cash flows from financing activities
Payments on long-term debt and revolving credit facility	0	0	0	(506,280)
Proceeds from capped call	0	0	0	91,722
Common shares repurchased	(300,000)	(75,000)	(125,000)	0
Employee taxes paid for shares withheld for income taxes	(11,446)	(6,163)	(5,151)	(5,983)
Proceeds from exercise of stock options and other stock issuances	934	3,193	3,776	3,688
Payments of debt financing costs	0	(720)	0	(1,884)
Net cash provided by (used in) financing activities	(310,512)	(78,690)	(126,375)	(418,737)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	11,134	(19,775)	(5,315)	(23,391)
Net increase (decrease) in cash, cash equivalents and restricted cash	(660,946)	150,172	(294,642)	153,818
Cash, cash equivalents and restricted cash
Beginning of period	1,682,333	726,745	1,021,387	1,528,515
End of period	1,021,387	876,917	726,745	1,682,333
Non-cash investing and financing activities
Change in accrual for property and equipment	(23,533)	(5,597)	7,581	19,214
Other supplemental information
Cash paid (received) for income taxes, net of refunds	6,851	83,133	28,542	42,623
Cash paid (received) for interest, net of capitalized interest	7,120	4,428	19,218	25,226
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	1,008,400	858,691	710,929	1,668,916
Restricted cash	12,987	18,226	15,816	13,417
Total cash, cash equivalents and restricted cash	$ 1,021,387	$ 876,917	$ 726,745	$ 1,682,333

Description of Business and Bas

Description of Business and Basis of Presentation	12 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION	DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION Business Under Armour, Inc. (together with its wholly owned subsidiaries, the "Company") is a developer, marketer and distributor of branded athletic performance apparel, footwear and accessories. The Company creates products engineered to make athletes better with a vision to inspire performance solutions you never knew you needed and can't imagine living without. The Company's products are made, sold and worn worldwide. Fiscal Year End Change As previously disclosed, the Company changed its fiscal year end from December 31 to March 31, effective for the fiscal year beginning April 1, 2022. The Company's current fiscal year began on April 1, 2023 and ended on March 31, 2024 ("Fiscal 2024"). The Company's 2023 fiscal year began on April 1, 2022 and ended on March 31, 2023 ("Fiscal 2023"). This Annual Report on Form 10-K refers to the period beginning on January 1, 2022 and ending March 31, 2022 as the "Transition Period". The Company filed a Transition Report on Form 10-QT that included financial information for the Transition Period with the SEC on May 9, 2022. The Company's 2021 fiscal year began on January 1, 2021 and ended on December 31, 2021 ("Fiscal 2021"). There was no Fiscal 2022. Basis of Presentation The accompanying Consolidated Financial Statements are presented in U.S. Dollars and include the accounts of Under Armour, Inc. and its wholly owned subsidiaries and were prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). 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 upon consolidation. Reclassifications Certain prior period comparative amounts have been reclassified to conform to the current period presentation. Such reclassifications were not material and did not affect the Consolidated Financial Statements. Management Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates, judgments 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. These estimates, judgments and assumptions are evaluated on an on-going basis. The Company bases its estimates on historical experience and on various other assumptions that it believes are reasonable at that time; however, actual results could differ from these estimates. As the impacts of major global events continue to evolve, estimates and assumptions about future events and their effects cannot be determined with certainty and therefore require increased judgment. The extent to which the evolving events impact the Company's financial statements will depend on a number of factors including, but not limited to, any new information that may emerge concerning the severity of these major events and the actions that governments around the world may take in response. While the Company believes it has made appropriate accounting estimates and assumptions based on the facts and circumstances available as of this reporting date, the Company may experience further impacts based on long-term effects on the Company's customers and the countries in which the Company operates. Please see the risk factors discussed in Part I, Item 1A "Risk Factors" of this Annual Report on Form 10-K. Revision of Previously Issued Financial Statements The Company identified and corrected certain accounting errors. Using the guidance in Accounting Standards Codification ("ASC") Topic 250, Accounting Changes and Error Corrections, ASC Topic 250-S99-1, Assessing Materiality, and ASC Topic 250-S99-2, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements, the Company evaluated whether its previously issued consolidated financial statements were materially misstated due to these errors. Based upon the evaluation of both quantitative and qualitative factors, the Company concluded that the effects of these errors were not material individually or in the aggregate to any previously reported quarterly or annual period. However, the Company has revised its previously issued annual consolidated financial statements to correct these errors. The following is a general description of the accounting errors identified and the impact of these adjustments on the Company's previously reported annual consolidated financial statements. (1) Net revenues - the Company recorded adjustments to correct overstatements to net revenues on the consolidated statement of operations that resulted from errors in recording certain promotional gift card and e-commerce transactions. (2) Cost of goods sold - the Company recorded adjustments to correct understatements to cost of goods sold on the consolidated statement of operations that resulted from errors in recording duty costs for certain inventory shipments. (3) Selling, general and administrative expenses - the Company recorded adjustments to correct net understatements to selling, general and administrative expenses on the consolidated statement of operations that resulted from errors in recording and tracking prepaid selling and accrued payroll expenses, timing errors associated with placing certain assets into service with appropriate useful lives, and other miscellaneous errors that corrected prior period balance sheet over and under accruals. (4) Other adjustments - the Company recorded other adjustments to (i) correct immaterial errors identified within other income (expense), net on the consolidated statement of operations and (ii) record the income tax effects relating to all adjustments discussed above. (5) Purchases of property and equipment - the Company recorded adjustments to correct overstatements to purchases of property and equipment on the consolidated statements of cash flows that resulted from errors associated with the classification of certain software assets on the consolidated balance sheets. The corresponding adjustments to correct the errors described above, including the cumulative impact on retained earnings, are referenced on the relevant line items on the following Consolidated Balance Sheet, Consolidated Statements of Operations, Consolidated Statements of Comprehensive Income (Loss), Consolidated Statements of Stockholders' Equity and Consolidated Statements of Cash Flows. Consolidated Balance Sheet As of March 31, 2023 (In thousands) As Previously Reported Adjustments As Revised Assets Current assets Cash and cash equivalents $ 711,910 $ (981) (3) $ 710,929 Accounts receivable, net 759,860 (1,296) (1)(3) 758,564 Inventories 1,190,253 (4,596) (2)(4) 1,185,657 Prepaid expenses and other current assets, net 297,563 (4,229) (3)(4)(5) 293,334 Total current assets 2,959,586 (11,102) 2,948,484 Property and equipment, net 672,736 (27,902) (3)(5) 644,834 Operating lease right-of-use assets 489,306 — 489,306 Goodwill 481,992 — 481,992 Intangible assets, net 8,940 — 8,940 Deferred income taxes 186,167 741 (4) 186,908 Other long-term assets 58,356 8,733 (3)(5) 67,089 Total assets $ 4,857,083 $ (29,530) $ 4,827,553 Liabilities and Stockholders' Equity Current liabilities Accounts payable 649,116 (630) (3) 648,486 Accrued expenses 354,643 11,887 (1)(3) 366,530 Customer refund liabilities 160,533 — 160,533 Operating lease liabilities 140,990 — 140,990 Other current liabilities 51,609 (8,865) (3)(4) 42,744 Total current liabilities 1,356,891 2,392 1,359,283 Long-term debt, net of current maturities 674,478 — 674,478 Operating lease liabilities, non-current 705,713 — 705,713 Other long-term liabilities 121,598 334 (3)(4) 121,932 Total liabilities 2,858,680 2,726 2,861,406 Total stockholders' equity 1,998,403 (32,256) 1,966,147 Total liabilities and stockholders' equity $ 4,857,083 $ (29,530) $ 4,827,553 Consolidated Statements of Operations Year Ended March 31, 2023 Three Months Ended March 31, 2022 Year Ended December 31, 2021 (In thousands, except per share amounts) As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised Net revenues $ 5,903,636 $ (471) (1) $ 5,903,165 $ 1,300,945 $ (152) (1) $ 1,300,793 $ 5,683,466 $ (874) (1) $ 5,682,592 Cost of goods sold 3,254,296 5,038 (2) 3,259,334 695,781 616 (2) 696,397 2,821,967 — 2,821,967 Gross profit 2,649,340 (5,509) 2,643,831 605,164 (768) 604,396 2,861,499 (874) 2,860,625 Selling, general and administrative expenses 2,365,529 14,716 (3) 2,380,245 594,446 2,712 (3) 597,158 2,334,691 10,168 (3) 2,344,859 Restructuring and impairment charges — — — 56,674 — 56,674 40,518 — 40,518 Income (loss) from operations 283,811 (20,225) 263,586 (45,956) (3,480) (49,436) 486,290 (11,042) 475,248 Interest income (expense), net (12,826) — (12,826) (6,154) — (6,154) (44,300) — (44,300) Other income (expense), net 16,780 316 (4) 17,096 (51) (56) (4) (107) (51,113) 104 (4) (51,009) Income (loss) before income taxes 287,765 (19,909) 267,856 (52,161) (3,536) (55,697) 390,877 (10,938) 379,939 Income tax expense (benefit) (101,046) (7,599) (4) (108,645) 8,181 — 8,181 32,072 (1,881) (4) 30,191 Income (loss) from equity method investments (2,042) — (2,042) 732 — 732 1,255 — 1,255 Net income (loss) $ 386,769 $ (12,310) $ 374,459 $ (59,610) $ (3,536) $ (63,146) $ 360,060 $ (9,057) $ 351,003 Basic net income (loss) per share $ 0.86 $ (0.03) $ 0.83 $ (0.13) $ — $ (0.13) $ 0.77 $ (0.02) $ 0.75 Diluted net income (loss) per share $ 0.84 $ (0.03) $ 0.81 $ (0.13) $ — $ (0.13) $ 0.77 $ (0.02) $ 0.75 Consolidated Statements of Comprehensive Income (Loss) Year Ended March 31, 2023 Three Months Ended March 31, 2022 Year Ended December 31, 2021 (In thousands) As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised Net income (loss) $ 386,769 $ (12,310) $ 374,459 $ (59,610) $ (3,536) $ (63,146) $ 360,060 $ (9,057) $ 351,003 Comprehensive income (loss) $ 359,013 $ (12,310) $ 346,703 $ (52,086) $ (3,536) $ (55,622) $ 371,635 $ (9,057) $ 362,578 Consolidated Statements of Stockholders' Equity As Previously Reported Adjustments As Revised (In thousands) Retained Earnings Total Equity Retained Earnings Total Equity Retained Earnings Total Equity Balance as of December 31, 2020 $ 673,855 $ 1,675,993 $ (7,353) $ (7,353) $ 666,502 $ 1,668,640 Comprehensive income (loss) 360,060 371,635 (9,057) (9,057) 351,003 362,578 Balance as of December 31, 2021 $ 1,027,833 $ 2,088,994 $ (16,410) $ (16,410) $ 1,011,423 $ 2,072,584 Comprehensive income (loss) (59,610) (52,086) (3,536) (3,536) (63,146) (55,622) Balance as of March 31, 2022 $ 721,926 $ 1,728,954 $ (19,946) $ (19,946) $ 701,980 $ 1,709,008 Comprehensive income (loss) 386,769 359,013 (12,310) (12,310) 374,459 346,703 Balance as of March 31, 2023 $ 929,562 $ 1,998,403 $ (32,256) $ (32,256) $ 897,306 $ 1,966,147 Consolidated Statements of Cash Flows Year Ended March 31, 2023 Three Months Ended March 31, 2022 Year Ended December 31, 2021 (In thousands) As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised Cash flows from operating activities Net income (loss) $ 386,769 $ (12,310) $ 374,459 $ (59,610) $ (3,536) $ (63,146) $ 360,060 $ (9,057) $ 351,003 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities Depreciation and amortization 137,620 (2,164) (3)(5) 135,456 34,960 (54) (3)(5) 34,906 141,144 (118) (3)(5) 141,026 Loss on disposal of property and equipment 2,619 (3) (3) 2,616 1,604 — 1,604 4,468 1,302 (3) 5,770 Deferred income taxes (152,403) (740) (4) (153,143) (2,500) — (2,500) (2,642) — (2,642) Changes in operating assets and liabilities: Accounts receivable (62,162) 1,252 (1)(3) (60,910) (131,988) (474) (1)(3) (132,462) (31,153) 518 (1)(3) (30,635) Inventories (373,714) 4,722 (2)(4) (368,992) (6,425) 672 (2)(4) (5,753) 93,287 (103) (2)(4) 93,184 Prepaid expenses and other assets (36,652) (1,255) (3)(4)(5) (37,907) (4,326) 789 (3)(4)(5) (3,537) 10,224 (192) (3)(4)(5) 10,032 Other non-current assets (52,795) (8,149) (3)(5) (60,944) 27,628 (532) (3)(5) 27,096 79,782 (188) (3)(5) 79,594 Accounts payable 77,558 (1,278) (3) 76,280 (54,970) (93) (3) (55,063) 26,027 — 26,027 Accrued expenses and other liabilities 12,081 (21,469) (1)(3) (9,388) (122,589) 596 (1)(3) (121,993) (114,794) 5,517 (1)(3) (109,277) Income taxes payable and receivable 6,119 11,422 (4) 17,541 4,564 — 4,564 (1,973) (1,943) (4) (3,916) Net cash provided by (used in) operating activities $ (9,914) $ (29,972) $ (39,886) $ (321,443) $ (2,632) $ (324,075) $ 664,829 $ (4,264) $ 660,565 Cash flows from investing activities Purchases of property and equipment (187,796) 29,730 (5) (158,066) (39,923) 2,430 (5) (37,493) (69,759) 3,727 (5) (66,032) Net cash provided by (used in) investing activities $ (152,796) $ 29,730 $ (123,066) $ (39,923) $ 2,430 $ (37,493) $ (68,346) $ 3,727 $ (64,619) Net increase (decrease) in cash, cash equivalents and restricted cash (294,400) (242) (294,642) (660,744) (202) (660,946) 154,355 (537) 153,818 Cash, cash equivalents and restricted cash Beginning of period $ 1,022,126 $ (739) $ 1,021,387 $ 1,682,870 $ (537) $ 1,682,333 $ 1,528,515 $ — $ 1,528,515 End of period $ 727,726 $ (981) $ 726,745 $ 1,022,126 $ (739) $ 1,021,387 $ 1,682,870 $ (537) $ 1,682,333

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Cash, Cash Equivalents and Restricted Cash In accordance with ASC Topic 305 "Cash and Cash Equivalents", 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 cash collateral held for standby letters of credit and payments related to claims for its captive insurance program, which is included in prepaid expenses and other current assets on the Company's Consolidated Balance Sheets. 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 wholesale customers. As of March 31, 2024 and March 31, 2023, no single customer accounted for more than 10% of the Company's accounts receivable balance. For Fiscal 2024, Fiscal 2023 and the Transition Period, no single customer accounted for more than 10% of the Company's net revenues. For Fiscal 2021, one customer within the North America region accounted for approximately 11% of the Company's net revenues. Accounts Receivable and Credit Losses - Allowance for Doubtful Accounts The Company is exposed to credit losses primarily through customer receivables associated with the sale of products within the Company's wholesale channel and through credit card receivables associated with the sale of products within the Company's direct-to-consumer channel, recorded within accounts receivable, net on the Company's Consolidated Balance Sheets. The Company also has other receivables, including receivables from licensing arrangements recorded in prepaid expenses and other current assets on the Company's Consolidated Balance Sheets. Credit is extended to wholesale customers based on a credit review. The credit review considers each customer's financial condition, including a review of the customer's established credit rating or, if an established credit rating is not available, then the Company's assessment of the customer's creditworthiness is based on their financial statements, local industry practices, and business strategy. A credit limit and invoice terms are established for each customer based on the outcome of this review. To mitigate credit risk from the wholesale channel, the Company may require customers to provide security in the form of guarantees, letters of credit, deposits, collateral or prepayment. Further, to mitigate certain risk from other wholesale customers, the Company has acquired specific trade accounts receivable insurance policies. The allowance for doubtful accounts is based on the Company's assessment of the collectability of customer accounts receivable. In accordance with ASC Topic 326 "Financial Instruments - Credit Losses", the Company makes ongoing estimates relating to the collectability of accounts receivable and records an allowance for estimated losses expected from the inability of its customers to make required payments. The Company establishes expected credit losses by evaluating historical levels of credit losses, current economic conditions that may affect a customer's ability to pay, and creditworthiness of significant customers. These inputs are used to determine a range of expected credit losses and an allowance is recorded within the range. Accounts receivable are written off when there is no reasonable expectation of recovery. Inventories Inventories consist primarily of finished goods. Costs of finished goods inventories include all costs incurred to bring inventory to its current condition, including inbound freight, duties and other costs. In accordance with ASC Topic 330 "Inventory", the Company values its inventory at standard cost which approximates landed cost, using the first-in, first-out method of cost determination. Net realizable value is estimated based upon assumptions made about future demand and retail market conditions. If the Company determines that the estimated net realizable value of its inventory is less than the carrying value of such inventory, it records a charge to cost of goods sold to reflect the lower of cost or net realizable value. If actual market conditions are less favorable than those projected by the Company, further adjustments may be required that would increase the cost of goods sold in the period in which such a determination was made. Property and Equipment In accordance with ASC Topic 360 "Property, Plant and Equipment", property and equipment are stated at cost less accumulated depreciation. The Company includes the cost associated with software customized for internal use within Property and Equipment on the Company's Consolidated Balance Sheets. Property and equipment is depreciated using the straight-line method over the estimated useful lives of the assets, as follows: Years Furniture, fixtures and displays, office equipment, software and plant equipment (1) 3 to 10 Site improvements, buildings and building equipment 10 to 35 Leasehold and tenant improvements Shorter of the remaining lease term or related asset life (1) The cost of in-store apparel and footwear fixtures and displays are capitalized as part of "furniture, fixtures and displays", and depreciated over three years. The Company periodically reviews its assets' estimated useful lives based upon actual experience and expected future utilization. A change in useful life is treated as a change in accounting estimate and is applied prospectively. The Company capitalizes the cost of interest for long term property and equipment projects based on the Company's weighted average borrowing rates in place while the projects are in progress. Capitalized interest was $6.0 million as of March 31, 2024 (March 31, 2023: $3.1 million). Upon retirement or disposition of property and equipment, the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is reflected in selling, general and administrative expenses for that period. Major additions and betterments are capitalized to the asset accounts while maintenance and repairs are expensed as incurred. Leases The Company enters into operating leases domestically and internationally to lease certain 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 2038, excluding extensions at the Company's option, and include provisions for rental adjustments. In accordance with ASC Topic 842 "Leases", the Company accounts for a contract as a lease when it has the right to direct the use of the asset for a period of time while obtaining substantially all of the asset's economic benefits. The Company determines the initial classification and measurement of its right-of-use ("ROU") assets and lease liabilities at the lease commencement date and thereafter if modified. ROU assets represent the Company's right to control the underlying assets under lease, over the contractual term. ROU assets and lease liabilities are recognized on the Consolidated Balance Sheets based on the present value of future minimum lease payments to be made over the lease term. ROU assets and lease liabilities are established on the Company's Consolidated Balance Sheets for leases with an expected term greater than one year. Short-term lease payments were not material for Fiscal 2024, Fiscal 2023, Fiscal 2021 and the Transition Period. As the rate implicit in a lease is not readily determinable, the Company uses its secured incremental borrowing rate to determine the present value of the lease payments. The Company calculates the incremental borrowing rate based on the current market yield curve and adjusts for foreign currency impacts for international leases. Fixed lease costs are included in the recognition of ROU assets and lease liabilities. Variable lease costs are not included in the measurement of the lease liability. Variable lease payments are recognized in the Consolidated Statements of Operations in the period in which the obligation for those payments is incurred. Historically, variable lease costs primarily consisted of lease payments dependent on sales in Brand and Factory House stores. During Fiscal 2024, variable lease costs were revised to also include other non-lease components payable to the lessor, including common area maintenance and real estate taxes. This presentation change did not affect total lease related costs recorded within the Company's Consolidated Statement of Operations. The Company has elected to combine lease and non-lease components in the determination of lease costs for its leases. The lease liability includes lease payments related to options to extend or renew the lease term only if the Company is reasonably certain to exercise those options. Goodwill, Intangible Assets and Long-Lived Assets Goodwill and intangible assets are recorded at their estimated fair values at the date of acquisition and are allocated to the reporting units that are expected to receive the related benefits. Goodwill and indefinite lived intangible assets are not amortized and, in accordance with ASC Topic 350-20 "Goodwill", are required to be tested for impairment at least annually or sooner whenever events or changes in circumstances indicate that it is more likely than not that the fair value of the reporting unit is less than its carrying amount. In conducting an annual impairment test, the Company first reviews qualitative factors to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount. If factors indicate that is the case, the Company performs a quantitative goodwill impairment test. The Company compares the fair value of the reporting unit with its carrying amount. The Company estimates fair value using the discounted cash flows model, under the income approach, which indicates the fair value of the reporting unit based on the present value of the cash flows that the Company expects the reporting unit to generate in the future. The Company's significant estimates in the discounted cash flows model include: the Company's weighted average cost of capital, long-term rate of growth and profitability of the reporting unit's business, and working capital effects. If the carrying amount of a reporting unit exceeds its fair value, goodwill is impaired to the extent that the carrying value exceeds the fair value of the reporting unit. The Company performs its annual impairment testing in the fourth quarter of each fiscal year. No goodwill impairments were recorded during Fiscal 2024, Fiscal 2023, Fiscal 2021 or the Transition Period. During Fiscal 2024, the Company recorded a $0.6 million indefinite lived intangible asset impairment charge within selling, general and administrative expenses The Company continually evaluates whether events and circumstances have occurred that indicate the remaining estimated useful life of long-lived assets may warrant revision or that the remaining balance may not be recoverable. These factors may include a significant deterioration of operating results, changes in business plans, or changes in anticipated cash flows. When factors indicate that an asset should be evaluated for possible impairment, the Company reviews long-lived assets to assess recoverability from future operations using undiscounted cash flows. If future undiscounted cash flows are less than the carrying value, an impairment is recognized in earnings to the extent that the carrying value exceeds fair value. During Fiscal 2024, the Company performed an impairment analysis on its long-lived assets, including retail stores at an individual store level and determined that certain long-lived assets had net carrying values that exceeded their estimated undiscounted future cash flows. Accordingly, the Company estimated the fair values of these long-lived assets based on their market rent assessments or discounted cash flows and compared these estimated fair values to the net carrying values. The significant estimates used in the fair value methodology, which are based on Level 3 inputs, include: the Company's expectations for future operations and projected cash flows, including net revenue, gross profit and operating expenses and market conditions, including estimated market rent. As a result, the Company recorded $5.6 million of long-lived asset impairment charges within selling, general and administrative expenses on the Consolidated Statements of Operations and as a reduction to the related asset balances on the Consolidated Balance Sheets. The long-lived asset impairment charges for Fiscal 2024 are included within the Company's operating segments as follows: $1.7 million recorded in North America, $3.6 million recorded in EMEA and $0.3 million recorded in Asia-Pacific. During Fiscal 2023, the Company recorded $2.0 million of long-lived asset impairment charges During Fiscal 2021, the Company recorded $2.0 million of long-lived asset impairment charges within selling, general and administrative expenses on the Consolidated Statements of Operations and as a reduction to the related asset balances on the Consolidated Balance Sheets. Additionally, in connection with the Company's 2020 restructuring plan, the Company recognized $1.7 million of long-lived asset impairment charges related to the Company's New York City flagship store. There were no impairment charges taken during the Transition Period. Accrued Expenses Accrued expenses consisted of the following: As of March 31, 2024 As of March 31, 2023 Accrued compensation and benefits $ 68,149 $ 66,742 Accrued marketing 35,233 38,096 Accrued royalties 12,579 25,415 Accrued taxes 22,162 26,297 Forward currency contract liabilities 18,242 28,067 Other 131,488 181,913 Total Accrued Expenses $ 287,853 $ 366,530 Revenue Recognition The Company recognizes revenue in accordance with ASC Topic 606 "Revenue from Contracts with Customers". Net revenues primarily consist of net sales of apparel, footwear and accessories, license revenues and revenues from digital subscriptions, advertising and other digital business. The Company recognizes revenue when it satisfies its performance obligations by transferring control of promised products or services to its customers, which occurs either at a point in time or over time, depending on when the customer obtains the ability to direct the use of and obtain substantially all of the remaining benefits from the products or services. The amount of revenue recognized considers terms of sale that create variability in the amount of consideration that the Company ultimately expects to be entitled to in exchange for the products or services and is subject to an overall constraint that a significant revenue reversal will not occur in future periods. Sales taxes imposed on the Company's revenues from product sales are presented on a net basis on the Consolidated Statements of Operations, and therefore do not impact net revenues or costs of goods sold. Revenue transactions associated with the sale of apparel, footwear, and accessories, comprise a single performance obligation, which consists of the sale of products to customers either through wholesale or direct-to-consumer channels. The Company satisfies the performance obligation and records revenues when transfer of control has passed to the customer, based on the terms of sale. In the Company's wholesale channel, transfer of control 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. The Company may also ship product directly from its supplier to wholesale customers and recognize revenue when the product is delivered to and accepted by the customer. In the Company's direct-to-consumer channel, transfer of control takes place at the point of sale for Brand and Factory House customers and upon shipment to substantially all e-commerce customers. Payment terms for wholesale transactions are established in accordance with local and industry practices. Payment is generally required within 30 to 60 days of shipment to or receipt by the wholesale customer in the United States, and generally within 60 to 90 days of shipment to or receipt by the wholesale customer internationally. From time to time, based on market circumstances, the Company does grant certain customers with longer than average payment terms. Payment is generally due at the time of sale for direct-to-consumer transactions. Gift cards issued to customers by the Company are recorded as contract liabilities until they are redeemed, at which point revenue is recognized. During the year-ended March 31, 2023, the Company completed an assessment of its process for estimating revenue recognized for gift card balances not expected to be redeemed (“breakage”). Based on the assessment, which included analyzing historical gift card redemption data, the Company determined that substantially all of its gift cards are redeemed within 24 months of issuance, and after 24 months the likelihood of a gift card being redeemed is remote. Therefore, to the extent that it does not have a legal obligation to remit the value of such unredeemed gift cards to the relevant jurisdiction as unclaimed or abandoned property, the Company recognizes gift card breakage at that time when the likelihood of the gift card being redeemed is remote, which the Company has determined to be 24 months following its issuance. The Company offers customer loyalty programs in which customers earn points based on purchases and other promotional activities that can be redeemed for discounts on future purchases or other rewards. A contract liability is estimated based on the standalone selling price of benefits earned by customers through the programs and the related redemption experience under the programs. The value of each point earned is recorded as deferred revenue and is included within accrued expenses on the Consolidated Balance Sheets. Revenue from the Company's licensing arrangements is recognized over time during the period that licensees are provided access to the Company's trademarks and benefit from such access through their sales of licensed products. These arrangements require licensees to pay a sales-based royalty, which for most arrangements may be subject to a contractually guaranteed minimum royalty amount. Payments are generally due quarterly. The Company recognizes revenue for sales-based royalty arrangements (including those for which the royalty exceeds any contractually guaranteed minimum royalty amount) as licensed products are sold by the licensee. If a sales-based royalty is not ultimately expected to exceed a contractually guaranteed minimum royalty amount, the minimum is recognized as revenue over the contractual period, if all other criteria of revenue recognition have been met. This sales-based output measure of progress and pattern of recognition best represents the value transferred to the licensee over the term of the arrangement, as well as the amount of consideration that the Company is entitled to receive in exchange for providing access to its trademarks. Revenue from digital subscriptions is recognized on a gross basis and is recognized over the term of the subscription. The Company receives payments in advance of revenue recognition for subscriptions and these payments are recorded as contract liabilities in the Company's Consolidated Balance Sheets. Commissions related to subscription revenue are capitalized and recognized over the subscription period, which are included in selling, general and administrative expense in the Consolidated Statements of Operations. Revenue from digital advertising is recognized as the Company satisfies performance obligations pursuant to customer insertion orders. 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 negotiated arrangements 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 Sheets. At a minimum, the Company reviews and refines these estimates on a quarterly basis. 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 MMR platforms, as they have an original expected length of one year or less. Shipping and Handling Costs The Company charges customers shipping and handling fees based on contractual terms, which 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. For Fiscal 2024, these costs totaled $79.8 million (Fiscal 2023: $79.5 million; Fiscal 2021: $82.9 million; Transition Period: $17.3 million). Advertising Costs Advertising costs are charged to selling, general and administrative expenses. Advertising production costs are expensed the first time an advertisement related to such production costs is run. Media placement costs are expensed in the month during which the advertisement appears, and costs related to event sponsorships are expensed when the event occurs. In addition, advertising costs include sponsorship expenses. Accounting for sponsorship payments is based upon specific contract provisions and the payments are generally expensed uniformly over the term of the contract after recording expense related to specific performance incentives once they are deemed probable. Advertising expense, including amortization of in-store marketing fixtures and displays, was $568.5 million for Fiscal 2024 (Fiscal 2023: $620.3 million; Fiscal 2021: $649.2 million; Transition Period: $173.2 million). As of March 31, 2024, prepaid advertising costs were $16.9 million (March 31, 2023: $39.3 million). Income Taxes In accordance with ASC Topic 740 "Income Taxes," income taxes are accounted for under the asset and liability method. Deferred income tax assets and liabilities are established for temporary differences between the financial reporting basis and the tax basis of the Company's assets and liabilities at tax rates expected to be in effect when such assets or liabilities are realized or settled. Deferred income tax assets are reduced by valuation allowances when necessary. The Company has made the policy election to record any liability associated with Global Intangible Low Tax Income ("GILTI") in the period in which it is incurred. Income taxes include the largest amount of tax benefit for an uncertain tax position that is more likely than not to be sustained upon audit based on the technical merits of the tax position. Settlements with tax authorities, the expiration of statutes of limitations for particular tax positions or obtaining new information on particular tax positions may cause a change to the effective tax rate. The Company recognizes accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes line on the Consolidated Statements of Operations. Assessing whether deferred tax assets are realizable requires significant judgment. The Company considers all available positive and negative evidence, including historical operating performance and expectations of future operating performance. The ultimate realization of deferred tax assets is often dependent upon future taxable income and therefore can be uncertain. 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 made. Each reporting date, the Company considers new evidence, both positive and negative, that could affect its view of the future realization of deferred tax assets. As of March 31, 2024, for U.S. states and certain foreign taxing jurisdictions, the Company believes the weight of the negative evidence continues to outweigh the positive evidence regarding the realization of these deferred tax assets and have maintained a valuation allowance against these assets. The Company will continue to evaluate its ability to realize its net deferred tax assets on a quarterly basis. Earnings per Share Basic earnings per common share is computed by dividing net income available to common stockholders for the period by the weighted average number of common shares outstanding during the period. Any stock-based compensation awards that are determined to be participating securities, which are stock-based compensation awards that entitle the holders to receive dividends prior to vesting, are included in the calculation of basic earnings per share using the two class method. Diluted earnings per common share is computed by dividing net income available to common stockholders for the period by the diluted weighted average common shares outstanding during the period. Diluted earnings per share reflects the potential dilution from common shares issuable through stock options, warrants, restricted stock units, other equity awards and the Company's 1.50% convertible senior notes due 2024. Refer to Note 18 of these Consolidated Financial Statements for a further discussion of earnings per share. Equity Method Investment The Company has a common stock investment of 29.5% in its Japanese licensee. The Company accounts for its investment in its licensee under the equity method, given it has the ability to exercise significant influence, but not control, over the entity. The Company recorded its allocable share of its Japanese licensee's net income (loss) of $(0.3) million for Fiscal 2024, (Fiscal 2023: $(2.5) million; Fiscal 2021: $1.8 million; Transition Period: $0.9 million) within income (loss) from equity method investment on the Consolidated Statements of Operations and as an adjustment to the invested balance within other long term assets on the Consolidated Balance Sheets. As of March 31, 2024, there was no carrying value associated with the Company's investment in its Japanese licensee (March 31, 2023: $0.3 million). In connection with the license agreement with the Japanese licensee, the Company recorded license revenues of $34.8 million for Fiscal 2024 (Fiscal 2023: $36.8 million; Fiscal 2021: $42.4 million; Transition Period: $9.9 million). As of March 31, 2024, the Company had $13.9 million in licensing receivables outstanding, recorded in the prepaid expenses and other current assets line item within the Company's Consolidated Balance Sheets (March 31, 2023: $7.6 million). As part of the Company's acquisition of Triple Pte. Ltd., the Company assumed 49.5% of common stock ownership in UA Sports (Thailand) Co., Ltd. ("UA Sports Thailand"). The Company accounts for its investment in UA Sports Thailand under the equity method, given it has the ability to exercise significant influence, but not control, over UA Sports Thailand. For Fiscal 2024, the Company recorded the allocable share of UA Sports Thailand's net income (loss) of $0.3 million (Fiscal 2023: $0.8 million; Fiscal 2021: $(0.6) million; Transition Period: $(0.2) million) within income (loss) from equity method investment on the Consolidated Statements of Operations and as an adjustment to the invested balance within other long term assets on the Consolidated Balance Sheets. As of March 31, 2024, the carrying value of the Company's investment in UA Sports Thailand was $4.7 million (March 31, 2023: $5.9 million). Stock-Based Compensation The Company accounts for stock-based compensation in accordance with ASC Topic 718 "Compensation - Stock Compensation", which requires all stock-based compensation awards granted to be measured at fair value and recognized as an expense in the financial statements over the service period. In addition, this guidance requires that excess tax benefits related to stock-based compensation awards be reflected as operating cash flows. The Company uses the Black-Scholes option-pricing model to estimate the fair market value of stock option awards and grant date fair value for other awards. The Company uses the "simplified method" to estimate the expected life of options, as permitted by accounting guidance. The "simplified method" calculates the expected life of a stock option equal to the time from grant to the midpoint between the vesting date and contractual term, taking into account all vesting tranches. The risk free interest rate is based on the yield for the U.S. Treasury bill with a maturity equal to the expected life of the stock option. Expected volatility is based on the Company's historical average. Compensation expense is recognized net of forfeitures on a straight-line basis over the total vesting period, which is the implied requisite service period. Compensation expense for performance-based awards is recorded over the implied requisite service period when achievement of the performance target is deemed probable. The Company issues new shares of Class A Common Stock and Class C Common Stock upon exercise of stock options, grant of restricted stock or share unit conversion. Refer to Note 14 of these Consolidated Financial Statements for further details on stock-based compensation. Fair Value of Financial Instruments The carrying amounts shown for the Company's cash and cash equivalents, accounts receivable and accounts payable approximate fair value because of the short term maturity of those instruments. The fair value of the Company's other long term debt approximates its carrying value based on the variable nature of interest rates and current market rates available to the Company. The fair value of a foreign currency contract is based on the net difference between the U.S. dollars 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 exchange rate. The fair value of an interest rate swap contract is based on 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. Derivatives and Hedging Activities The Company uses derivative financial instruments in the form of foreign currency and interest rate swap contracts to minimize the risk associated with foreign currency exchange rate and interest rate fluctuations. The Company accounts for derivative financial instruments in accordance with ASC Topic 815 "Derivatives and Hedging". This guidance establishes accounting and reporting standards for derivative financial instruments and requires all derivatives to be recognized as either assets or liabilities on the balance sheet and to be measured at fair value. Unrealized derivative gain positions are recorded as other current assets or other long term assets, and unrealized derivative loss positions are recorded as other current liabilities or other long term liabilities, depending on the derivative financial instrument's maturity date. For contracts designated as cash flow hedges, changes in fair value are reported as other comprehensive income and are recognized in current earnings in the period or

Allowance For Doubtful Accounts

Allowance For Doubtful Accounts	12 Months Ended
	Mar. 31, 2024
Credit Loss [Abstract]
ALLOWANCE FOR DOUBTFUL ACCOUNTS	ALLOWANCE FOR DOUBTFUL ACCOUNTS The Company's allowance for doubtful accounts was established with information available as of March 31, 2024, including reasonable and supportable estimates of future risk. The following table illustrates the activity in the Company's allowance for doubtful accounts: Allowance for doubtful accounts - within accounts receivable, net Allowance for doubtful accounts - within prepaid expenses and other current assets (1) Balance as of March 31, 2022 $ 7,113 $ 7,029 Increases to costs and expenses 5,193 — Write-offs, net of recoveries (1,493) (6,802) Balance as of March 31, 2023 $ 10,813 $ 227 Increases to costs and expenses 6,061 — Write-offs, net of recoveries (1,880) — Balance as of March 31, 2024 $ 14,994 $ 227 (1) Includes an allowance pertaining to a royalty receivable.

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	PROPERTY AND EQUIPMENT, NET Property and equipment consisted of the following: As of March 31, 2024 As of March 31, 2023 Leasehold and tenant improvements $ 495,181 $ 462,721 Furniture, fixtures and displays 301,897 289,539 Buildings 68,230 48,632 Software 350,811 342,017 Office equipment 139,223 132,301 Plant equipment 178,316 178,194 Land 82,410 83,626 Construction in progress (1) 175,960 138,069 Other 28,910 21,613 Subtotal property and equipment 1,820,938 1,696,712 Accumulated depreciation (1,156,435) (1,051,878) Property and equipment, net $ 664,503 $ 644,834 (1) Construction in progress primarily includes costs incurred for construction of corporate offices, leasehold improvements and in-store fixtures and displays not yet placed in use. Depreciation expense related to property and equipment was $136.6 million for Fiscal 2024 (Fiscal 2023: $133.6 million; Fiscal 2021: $139.2 million; Transition Period: $34.5 million).

Leases

Leases	12 Months Ended
	Mar. 31, 2024
Leases [Abstract]
LEASES	LEASES The Company enters into operating leases domestically and internationally to lease certain 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 2038, excluding extensions at the Company's option, and include provisions for rental adjustments. Short-term lease payments were not material for Fiscal 2024, Fiscal 2023, Fiscal 2021, or the Transition Period. Lease Costs and Other Information The Company recognizes lease expense on a straight-line basis over the lease term. The following table illustrates operating and variable lease costs, included in selling, general and administrative expenses and certain costs relating to lease assets held solely for sublet purposes, included in other income (expense), net within the Company's Consolidated Statement of Operations, for the periods indicated: Year Ended Year Ended Three Months Ended Year Ended December 31, 2021 Operating lease costs $ 151,035 $ 141,025 $ 36,699 $ 142,965 Variable lease costs $ 82,389 $ 78,529 $ 19,150 $ 67,427 Historically, amounts disclosed for variable lease costs primarily consisted of lease payments dependent on sales in Brand and Factory House stores. Amounts included in the table above, for both current and prior periods, have been revised to also include other non-lease components payable to the lessor. Additionally, certain amounts previously disclosed as operating lease costs in error have been corrected to be classified as variable lease costs. This presentation change did not affect total lease related costs recorded within the Company's Consolidated Statement of Operations. There are no residual value guarantees that exist, and there are no restrictions or covenants imposed by leases. The Company also subleases certain excess office facilities and warehouse space to third parties. Sublease income is not material. The weighted average remaining lease term and discount rate for the periods indicated below were as follows: As of March 31, 2024 As of March 31, 2023 Weighted average remaining lease term (in years) 7.62 8.03 Weighted average discount rate 4.95 % 4.69 % Supplemental Cash Flow Information The following table presents supplemental information relating to cash flow arising from lease transactions: Year Ended Year Ended Three Months Ended Year Ended December 31, 2021 Operating cash outflows from operating leases $ 180,319 $ 167,774 $ 43,903 $ 177,391 Leased assets obtained in exchange for new operating lease liabilities $ 57,962 $ 181,080 $ (892) $ 28,244 Maturity of Lease Liabilities The following table presents the future minimum lease payments under the Company's operating lease liabilities as of March 31, 2024: Fiscal year ending March 31, 2025 $ 172,483 2026 143,651 2027 120,568 2028 102,301 2029 68,483 2030 and thereafter 309,830 Total lease payments $ 917,316 Less: Interest 150,320 Total present value of lease liabilities $ 766,996 As of March 31, 2024, the Company has additional operating lease obligations that have not yet commenced of approximately $88.3 million, which are not reflected in the table above. This amount includes approximately $58.9 million relating to an agreement entered into during Fiscal 2024 with a new third-party logistics provider to operate a distribution center in the Netherlands, which has been assessed as containing a lease and is expected to commence in February 2026.

Goodwill

Goodwill	12 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	GOODWILL The following table summarizes changes in the carrying amount of the Company's goodwill by reportable segment as of the periods indicated: North America EMEA Asia-Pacific Latin America Total Balance as of March 31, 2022 $ 301,371 $ 105,053 $ 85,084 $ — $ 491,508 Effect of currency translation adjustment — (3,957) (5,559) — (9,516) Balance as of March 31, 2023 $ 301,371 $ 101,096 $ 79,525 $ — $ 481,992 Effect of currency translation adjustment — 862 (4,552) — (3,690) Balance as of March 31, 2024 $ 301,371 $ 101,958 $ 74,973 $ — $ 478,302 There were no goodwill impairments recorded during Fiscal 2024, Fiscal 2023, or the Transition Period.

Intangible Assets, Net

Intangible Assets, Net	12 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS, NET	INTANGIBLE ASSETS, NET The following tables summarize the Company's intangible assets as of the periods indicated: Useful Lives from Date of Acquisitions (in years) As of March 31, 2024 Gross Carrying Accumulated Net Carrying Intangible assets subject to amortization: Customer relationships 2-6 $ 8,609 $ (5,708) $ 2,901 Lease-related intangible assets 1-15 1,756 (1,677) 79 Total $ 10,365 $ (7,385) $ 2,980 Indefinite-lived intangible assets (1) 4,020 Intangible assets, net $ 7,000 (1) During Fiscal 2024, the Company recorded an impairment charge of $0.6 million within selling, general and administrative expenses and as a reduction to indefinite-lived intangible asset. Useful Lives from Date of Acquisitions (in years) As of March 31, 2023 Gross Carrying Accumulated Net Carrying Intangible assets subject to amortization: Technology 5-7 $ 2,536 $ (2,503) $ 33 Customer relationships 2-6 8,711 (4,377) 4,334 Lease-related intangible assets 1-15 1,664 (1,542) 122 Total $ 12,911 $ (8,422) $ 4,489 Indefinite-lived intangible assets 4,451 Intangible assets, net $ 8,940 Amortization expense, which is included in selling, general and administrative expenses, was $1.5 million for Fiscal 2024 (Fiscal 2023: $1.9 million; Fiscal 2021: $2.0 million; Transition Period: $0.5 million). During Fiscal 2024, the Company reduced the gross carrying amount and related accumulated amortization of technology assets by $2.5 million as a result of such assets being fully amortized. The following is the estimated future amortization expense for the Company's intangible assets as of March 31, 2024: Fiscal year ending March 31, 2025 $ 1,549 2026 1,422 2027 9 2028 — 2029 — 2030 and thereafter — Total amortization expense of intangible assets $ 2,980

Supply Chain Finance Program

Supply Chain Finance Program	12 Months Ended
	Mar. 31, 2024
Payables and Accruals [Abstract]
SUPPLY CHAIN FINANCE PROGRAM	SUPPLY CHAIN FINANCE PROGRAM The Company facilitates a supply chain finance program, administered through third party platforms, which provides participating suppliers with the opportunity to finance payments due from the Company with certain third-party financial institutions. Participating suppliers may, at their sole discretion, elect to finance one or more invoices of the Company prior to their scheduled due dates at a discounted price with the participating financial institution. The Company’s obligations to its suppliers, including amounts due and scheduled payment dates, are not impacted by the supplier’s decision to finance amounts under these arrangements. As such, the outstanding payment obligations under the Company’s supply chain financing program The Company’s outstanding payment obligations under this program were $159.4 million as of March 31, 2024 (March 31, 2023: $250.8 million).

Credit Facility and Other Long

Credit Facility and Other Long Term Debt	12 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
CREDIT FACILITY AND OTHER LONG TERM DEBT	CREDIT FACILITY AND OTHER LONG-TERM DEBT The Company's outstanding debt consisted of the following: As of As of 1.50% Convertible Senior Notes due 2024 $ 80,919 $ 80,919 3.25% Senior Notes due 2026 600,000 600,000 Total principal payments due 680,919 680,919 Unamortized debt discount on Senior Notes (560) (814) Unamortized debt issuance costs - Convertible Senior Notes (16) (267) Unamortized debt issuance costs - Senior Notes (1,189) (1,728) Unamortized debt issuance costs - Credit facility (3,362) (3,632) Total amount outstanding 675,792 674,478 Less: Current portion of long-term debt: 1.50% Convertible Senior Notes due 2024 80,919 — Non-current portion of long-term debt $ 594,873 $ 674,478 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, and the other lenders and arrangers party thereto (the "credit agreement"). In March 2024, the Company entered into the fourth amendment to the credit agreement (the credit agreement as amended, the "amended credit agreement" or the "revolving credit facility"). The amended credit agreement provides for an aggregate $1.1 billion of revolving credit commitments comprised of two tranches: (i) one tranche of $50 million that has a term that ends on December 3, 2026, and (ii) a second tranche of $1.05 billion that has a term that ends on December 3, 2027, in each case with permitted extensions under certain circumstances. As of March 31, 2024 and March 31, 2023, there were no amounts outstanding under the revolving credit facility. At the Company's request and a lender's consent, commitments under the amended credit agreement may be increased by up to $300.0 million in aggregate, subject to certain conditions as set forth in the amended credit agreement. Incremental borrowings are uncommitted and the availability thereof will depend on market conditions at the time the Company seeks to incur such borrowings. Borrowings, if any, 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. As of March 31, 2024, $4.2 million of letters of credit were outstanding (March 31, 2023: $4.4 million). The obligations of the Company under the amended credit agreement are guaranteed by certain domestic significant subsidiaries of Under Armour, Inc., subject to customary exceptions (the "subsidiary guarantors") and primarily secured by a first-priority security interest in substantially all of the assets of Under Armour, Inc. and the subsidiary guarantors, excluding real property, capital stock in and debt of subsidiaries of Under Armour, Inc. holding certain real property and other customary exceptions. The amended credit agreement provides for the permanent fall away of guarantees and collateral upon the Company's achievement of investment grade rating from two rating agencies. The amended credit agreement contains negative covenants that, subject to significant exceptions, limit the Company's ability to, among other things: incur additional secured and unsecured indebtedness; pledge the assets as security; make investments, loans, advances, guarantees and acquisitions (including investments in and loans to non-guarantor subsidiaries); undergo fundamental changes; sell assets outside the ordinary course of business; enter into transactions with affiliates; and make restricted payments. The Company is also required to maintain a ratio of consolidated EBITDA, to consolidated interest expense of not less than 3.50 to 1.0 (the "interest coverage covenant") and the Company is not permitted to allow the ratio of consolidated total indebtedness to consolidated EBITDA to be greater than 3.25 to 1.0 (the "leverage covenant"), as described in more detail in the amended credit agreement. As of March 31, 2024, the Company was in compliance with the applicable covenants. In addition, the amended 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 amended credit agreement, will be considered an event of default under the amended credit agreement. The amended credit agreement implemented SOFR as the replacement for LIBOR as a benchmark interest rate for U.S. dollar borrowings (and analogous benchmark rate replacements for borrowings in Yen, Pound Sterling and Euro). Borrowings under the amended credit agreement bear interest at a rate per annum equal to, at the Company's option, either (a) an alternate base rate (for borrowings in U.S. dollars), (b) a term rate (for borrowings in U.S. dollars, Euro or Japanese Yen) or (c) a "risk free" rate (for borrowings in U.S. dollars or Pounds Sterling), 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 leverage ratio of consolidated total indebtedness to consolidated EBITDA and ranges between 1.00% to 1.75% (or, in the case of alternate base loans, 0.00% to 0.75%). The Company will also pay a commitment fee determined in accordance with the pricing grid on the average daily unused amount of the revolving credit facility and certain fees with respect to letters of credit. As of March 31, 2024, the commitment fee was 15.0 basis points. 1.50% Convertible Senior Notes The Company has approximately $80.9 million aggregate principal amount of 1.50% convertible senior notes due 2024 (the "Convertible Senior Notes") outstanding as of March 31, 2024, which were issued in May 2020. The Convertible Senior Notes bear interest at the fixed rate of 1.50% per annum, payable semiannually in arrears on June 1 and December 1 of each year, beginning December 1, 2020. The Convertible Senior Notes will mature on June 1, 2024, unless earlier converted in accordance with their terms, redeemed in accordance with their terms or repurchased. Upon maturity, the Company currently expects to repay the remaining approximately $80.9 million aggregate principal amount of the Convertible Senior Notes outstanding, plus accrued and unpaid interest, using cash on hand. The Convertible Senior Notes are not secured and are not guaranteed by any of the Company's subsidiaries. The indenture governing the Convertible Senior Notes does not contain any financial or operating covenants or restrictions on the payments of dividends, the incurrence of indebtedness or the issuance or repurchase of securities by the Company or any of its subsidiaries. The Convertible Senior Notes are convertible into cash, shares of the Company's Class C Common Stock or a combination of cash and shares of Class C Common Stock, at the Company's election, as described further below. The initial conversion rate is 101.8589 shares of the Company's Class C Common Stock per $1,000 principal amount of Convertible Senior Notes (equivalent to an initial conversion price of approximately $9.82 per share of Class C Common Stock), subject to adjustment if certain events occur. Prior to the close of business on the business day immediately preceding January 1, 2024, holders held rights to (at their option) convert their Convertible Senior Notes only upon satisfaction of one or more specific conditions. As of March 31, 2024, no holder had exercised these rights. On or after January 1, 2024, until the close of business on the second scheduled trading day immediately preceding the maturity date, holders may convert all or any portion of their Convertible Senior Notes at the conversion rate at any time irrespective of the foregoing conditions. Beginning on December 6, 2022, the Company may redeem for cash all or any part of the Convertible Senior Notes, at its option, if the last reported sale price of the Company's Class C Common Stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption at a redemption price equal to 100% of the aggregate principal amount of the Convertible Senior Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. If the Company undergoes a fundamental change (as defined in the indenture governing the Convertible Senior Notes) prior to the maturity date, subject to certain conditions, holders may require the Company to repurchase for cash all or any portion of their Convertible Senior Notes in principal amounts of $1,000 or an integral multiple thereof at a price which will be equal to 100% of the aggregate principal amount of the Convertible Senior Notes to be repurchased, plus accrued and unpaid interest to, but excluding, the fundamental change repurchase date. Concurrently with the offering of the Convertible Senior Notes, the Company entered into privately negotiated capped call transactions with JPMorgan Chase Bank, National Association, HSBC Bank USA, National Association, and Citibank, N.A. (the "option counterparties"). The capped call transactions are expected generally to reduce potential dilution to the Company's Class C Common Stock upon any conversion of Convertible Senior Notes and/or offset any cash payments the Company is required to make in excess of the aggregate principal amount of converted Convertible Senior Notes upon any conversion thereof, as the case may be, with such reduction and/or offset subject to a cap based on the cap price. The cap price of the capped call transactions is initially $13.4750 per share of the Company's Class C Common Stock, representing a premium of 75% above the last reported sale price of the Company's Class C Common Stock on May 21, 2020, and is subject to certain adjustments under the terms of the capped call transactions. 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 "Senior Notes"). The Senior Notes bear interest at the fixed rate of 3.250% per annum, payable semi-annually on June 15 and December 15 beginning December 15, 2016. The Company may redeem some or all of the Senior Notes at any time, or from time to time, at redemption prices described in the indenture governing the Senior Notes. The indenture governing the Senior 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 $5.4 million in financing costs in connection with the Senior Notes. Interest Expense Interest expense, which includes 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, was $22.8 million for Fiscal 2024 (Fiscal 2023: $24.1 million; Fiscal 2021: $45.7 million; Transition Period: $6.6 million). Maturity of Long-Term Debt The following are the scheduled maturities of long-term debt as of March 31, 2024: Fiscal year ending March 31, 2025 $ 80,919 2026 — 2027 600,000 2028 — 2029 — 2030 and thereafter — Total scheduled maturities of long-term debt $ 680,919 Current maturities of long-term debt $ 80,919

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Sports Marketing and Other Commitments Within the normal course of business, the Company enters into contractual commitments in order to promote the Company’s brand and products. These commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels, official supplier agreements, athletic event sponsorships and other marketing commitments. The following is a schedule of the Company’s future minimum payments under its sponsorship and other marketing agreements as of March 31, 2024: Fiscal year ending March 31, 2025 $ 151,851 2026 62,269 2027 38,279 2028 32,814 2029 30,338 2030 and thereafter 116,156 Total future minimum sponsorship and other payments $ 431,707 The amounts listed above are the minimum compensation obligations and guaranteed royalty fees required to be paid under the Company’s sponsorship and other marketing agreements. The amounts listed above do not include additional performance incentives and product supply obligations provided under the agreements. It is not possible to determine how much the Company will spend on product supply obligations on an annual basis as contracts generally do not stipulate specific cash amounts to be spent on products. The amount of product provided to the sponsorships depends on many factors including general playing conditions, the number of sporting events in which they participate and the Company’s decisions regarding product and marketing initiatives. In addition, the costs to design, develop, source and purchase the products furnished to the endorsers are incurred over a period of time and are not necessarily tracked separately from similar costs incurred for products sold to customers. Other 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. However, the matters described below, if decided adversely to or settled by the Company, could result, individually or in the aggregate, in a liability material to the Company's consolidated financial position, results of operations or cash flows. In re Under Armour Securities Litigation 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 "District Court") were consolidated under the caption In re Under Armour Securities Litigation, Case No. 17-cv-00388-RDB (the "Consolidated Securities Action"). On September 14, 2020, the District Court issued an order that, among other things, consolidated two additional securities cases into the Consolidated Securities Action. The operative complaint (the "TAC") in the Consolidated Securities Action was filed on October 14, 2020. The TAC asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), against the Company and Mr. Plank and under Section 20A of the Exchange Act against Mr. Plank. The TAC alleges that the defendants supposedly concealed purportedly declining consumer demand for certain of the Company's products between the third quarter of 2015 and the fourth quarter of 2016 by making allegedly false and misleading statements regarding the Company's performance and future prospects and by engaging in undisclosed and allegedly improper sales and accounting practices, including shifting sales between quarterly periods allegedly to appear healthier. The TAC also alleges that the defendants purportedly failed to disclose that the Company was under investigation by and cooperating with the U.S. Department of Justice ("DOJ") and the U.S. Securities and Exchange Commission (the "SEC") since July 2017. The class period identified in the TAC is September 16, 2015 through November 1, 2019. On July 23, 2021, the Company and Mr. Plank filed an answer to the TAC denying all allegations of wrongdoing and asserting affirmative defenses to the claims asserted in the TAC. On December 1, 2021, the plaintiffs filed a motion seeking, among other things, certification of the class they are seeking to represent in the Consolidated Securities Action. On September 29, 2022, the District Court granted the plaintiffs' class certification motion. Discovery in the Consolidated Securities Action concluded on August 31, 2023. On October 2, 2023, the Company and Mr. Plank filed a motion for summary judgment seeking an order dismissing the Consolidated Securities Action with prejudice which motion was denied by the District Court on February 26, 2024. The District Court has scheduled trial to begin on July 15, 2024. The Company continues to believe that the claims asserted in the Consolidated Securities Action are without merit and intends to defend this matter vigorously. Consolidated Kenney Derivative Litigation In June and July 2018, two purported stockholder derivative 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). The cases were consolidated on October 19, 2018 under the caption Kenney v. Plank, et. al. The consolidated complaint in the Kenney action names Mr. Plank, certain other current and former members of the Company's Board of Directors, certain former Company executives, and Sagamore Development Company, LLC ("Sagamore") as defendants, and names the Company as a nominal defendant. The consolidated complaint asserts breach of fiduciary duty, unjust enrichment, and corporate waste claims against the individual defendants and asserts a claim against Sagamore for aiding and abetting certain of the alleged breaches of fiduciary duty. The consolidated complaint seeks damages on behalf of the Company and certain corporate governance related actions. The consolidated complaint includes allegations challenging, among other things, the Company's disclosures related to growth and consumer demand for certain of the Company's products, as well as stock sales by certain individual defendants. The consolidated complaint also makes allegations related to the Company's 2016 purchase from entities controlled by Mr. Plank (through Sagamore) of certain parcels of land to accommodate the Company's growth needs, which was approved by the Audit Committee of the Company's Board of Directors in accordance with the Company's policy on transactions with related persons. On March 29, 2019, the court in the Kenney action granted the Company's and the defendants' motion to stay that case pending the outcome of both the Consolidated Securities Action and an earlier-filed derivative action asserting similar claims to those asserted in the Kenney action relating to the Company's purchase of parcels in the Baltimore Peninsula, an area of Baltimore previously referred to as Port Covington (which derivative action has since been dismissed in its entirety). Prior to the filing of the derivative complaints in Kenney v. Plank, et al. and Luger v. Plank, et al., both of the purported stockholders had sent the Company's Board of Directors 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 both of these purported stockholders were informed of that determination. In 2020, two additional purported shareholder derivative complaints were filed in Maryland state court, in cases captioned Cordell v. Plank, et al. (filed August 11, 2020) and Salo v. Plank, et al. (filed October 21, 2020), respectively. Prior to the filing of the derivative complaints in these two actions, neither of the purported stockholders made a demand that the Company's Board of Directors pursue the claims asserted in the complaints. In October 2021, the court issued an order (i) consolidating the Cordell and Salo actions with the consolidated Kenney action into a single consolidated derivative action (the "Consolidated Kenney Derivative Action"); (ii) designating the Kenney action as the lead case; and (iii) specifying that the scheduling order in the Kenney action shall control the Consolidated Kenney Derivative Action. On October 27, 2023, an additional purported stockholder derivative complaint was filed in Maryland state court by four purported stockholders, in a case captioned Viskovich, et al. v. Plank, et al. (the “Viskovich Action”). Prior to the filing of this complaint, each of the four purported stockholders had sent the Company's Board of Directors a letter demanding that the Company pursue claims similar to the claims asserted in the derivative complaint. 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 these purported stockholders were informed of that determination. On March 18, 2024, all parties to the Viskovich Action filed a stipulation seeking, among other things, the issuance of an order consolidating the Viskovich Action into the Consolidated Kenney Derivative Action. On March 20, 2024, the court issued an order (i) consolidating the Viskovich Action into the Consolidated Kenney Derivative Action; (ii) designating the Kenney action as the lead case; and (iii) specifying that the scheduling order in the Kenney action shall control the Consolidated Kenney Derivative Action. The Company believes that the claims asserted in the Consolidated Kenney Derivative Action are without merit and intends to defend this matter 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. Consolidated Paul Derivative Litigation On January 27, 2021, the District Court entered an order consolidating for all purposes four separate stockholder derivative cases that previously had been filed in the court. On February 2, 2023, the District Court issued an order appointing Balraj Paul and Anthony Viskovich as lead plaintiffs (“Derivative Lead Plaintiffs”), appointing counsel for the Derivative Lead Plaintiffs as lead counsel, and recaptioning the consolidated case as Paul et al. v. Plank et al. (the “Paul Derivative Action”). Prior to filing their derivative complaints, both of the Derivative Lead Plaintiffs had sent the Company's Board of Directors 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 the Derivative Lead Plaintiffs were informed of that determination. On March 16, 2023, the District Court issued an order granting a motion for voluntary dismissal without prejudice that had been filed by the plaintiff in one of the four derivative cases who had not been appointed as a lead plaintiff. On April 24, 2023, the Derivative Lead Plaintiffs designated an operative complaint in the Paul Derivative Action. The operative complaint named Mr. Plank, certain other current and former members of the Company's Board of Directors, and certain other current and former Company executives as defendants, and named the Company as a nominal defendant. It asserted allegations similar to those in the TAC filed in the Consolidated Securities Action matter discussed above, including allegations challenging (i) the Company's disclosures related to growth and consumer demand for certain of the Company's products; (ii) the Company's practice of shifting sales between quarterly periods supposedly to appear healthier and its purported failure to disclose that practice; (iii) the Company's internal controls with respect to revenue recognition and inventory management; and (iv) the Company's supposed failure to timely disclose investigations by the SEC and DOJ. The operative complaint asserted breach of fiduciary duty and unjust enrichment claims against the defendants and asserted a contribution claim against certain defendants. The operative complaint sought damages on behalf of the Company and also sought certain corporate governance related actions. The Company and the defendants filed a motion to dismiss the operative complaint on June 23, 2023. The District Court granted that motion on September 27, 2023, dismissing the Paul Derivative Action without prejudice, due to lack of subject matter jurisdiction. Following that decision, Viskovich, one of the Derivative Lead Plaintiffs, filed the above-referenced Viskovich Action in Maryland State Court. The other Derivative Lead Plaintiff, Paul, filed a motion in the District Court seeking reconsideration of the dismissal decision or leave to amend the operative complaint. On January 9, 2024, the District Court entered an order denying Paul's motion and ordering that the Paul Derivative Action remained dismissed without prejudice. In February 2024, Paul filed a notice of appeal from the decisions by the District Court on September 27, 2023 and January 9, 2024. Briefing on the appeal began on April 24, 2024 and is not yet complete. The Company continues to believe that the claims asserted in the Paul Derivative Action are without merit and intends to defend this matter 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. Contingencies In accordance with Accounting Standards Codification (“ASC”) Topic 450 “Contingencies” (“Topic 450”), the Company establishes accruals for contingencies when (i) the Company believes it is probable that a loss will be incurred and (ii) the amount of the loss can be reasonably estimated. If the reasonable estimate is a range, the Company will accrue the best estimate in that range; where no best estimate can be determined, the Company will accrue the minimum. Legal proceedings and other contingencies for which no accrual has been established are disclosed to the extent required by ASC Topic 450. As of March 31, 2024, the Company has recorded an accrual of $100 million in respect of legal proceeding contingencies. The timing of resolution is unknown and the amount of loss ultimately incurred may be substantially higher than the amount accrued. The Company expects a portion of the loss, if any is incurred, to be covered by the Company’s insurance. However, the recorded accrual currently exceeds the amount of insurance coverage that is available to the Company and may not cover the full amount of loss, if any is incurred. Accordingly, any adverse verdict or settlement could require a substantial cash outlay by the Company, which could have a material impact on the Company's consolidated financial position, results of operations or cash flows. In addition, in connection with the matters described above and previously disclosed government investigations, the Company provided notice of claims under multiple director and officer liability insurance policy periods. With respect to one policy period, a lawsuit was filed against the Company by certain of its insurance carriers seeking a declaration that no further amounts will be payable with respect to that policy period. On March 26, 2024, the court issued a decision and order that, among other things, declared that portions of the matters described above are covered by the policy period at issue and that the insurance carriers for that policy period are obligated to pay defense costs, up to their limits of liability, with respect to the applicable portions of the matters described above. On April 25, 2024, the insurance carriers filed a motion for entry of judgment or leave to appeal the March 26, 2024 decision. An appeal could impact the amount of insurance coverage available to the Company for the policy period in question. Under Armour has opposed this motion and briefing on the motion was completed on May 23, 2024. From time to time, the Company’s view regarding probability of loss with respect to outstanding legal proceedings will change, proceedings for which the Company is able to estimate a loss or range of loss will change, and the estimates themselves will change. In addition, while many matters presented in financial disclosures involve significant judgment and may be subject to significant uncertainties, estimates with respect to legal proceedings are subject to particular uncertainties. Other than as described above, the Company believes that all current proceedings are routine in nature and incidental to the conduct of its business. However, the matters described above, if decided adversely to or settled by the Company, could result, individually or in the aggregate, in a liability material to the Company's consolidated financial position, results of operations or cash flows.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Mar. 31, 2024
Stockholders' Equity Note [Abstract]
STOCKHOLDERS’ EQUITY	STOCKHOLDERS' EQUITY The Company's Class A Common Stock and Class B Convertible Common Stock have an authorized number of 400.0 million shares and 34.45 million shares, respectively, and each have a par value of $0.0003 1/3 per share as of March 31, 2024. Holders of Class A Common Stock and Class B Convertible Common Stock have identical rights, including liquidation preferences, except that the holders of Class A Common Stock are entitled to one vote per share and holders of Class B Convertible Common Stock are entitled to 10 votes per share on all matters submitted to a stockholder vote. Class B Convertible Common Stock may only be held by Kevin Plank, the Company's founder, President and Chief Executive Officer, or a related party of Mr. Plank, as defined in the Company's charter. As a result, Mr. Plank has a majority voting control over the Company. Upon the transfer of shares of Class B Convertible Stock to a person other than Mr. Plank or a related party of Mr. Plank, the shares automatically convert into shares of Class A Common Stock on a one-for-one basis. In addition, all of the outstanding shares of Class B Convertible Common Stock will automatically convert into shares of Class A Common Stock on a one-for-one basis upon the death or disability of Mr. Plank or on the record date for any stockholders' meeting upon which the shares of Class A Common Stock and Class B Convertible Common Stock beneficially owned by Mr. Plank is less than 15% of the total shares of Class A Common Stock and Class B Convertible Common Stock outstanding or upon the other events specified in the Class C Articles Supplementary to the Company's charter as documented below. Holders of the Company's common stock are entitled to receive dividends when and if authorized and declared out of assets legally available for the payment of dividends. The Company's Class C Common Stock has an authorized number of 400.0 million shares and has a par value of $0.0003 1/3 per share as of March 31, 2024. The terms of the Class C Common Stock are substantially identical to those of the Company's Class A Common Stock, except that the Class C Common Stock has no voting rights (except in limited circumstances), will automatically convert into Class A Common Stock under certain circumstances and includes provisions intended to ensure equal treatment of Class C Common Stock and Class B Common Stock in certain corporate transactions, such as mergers, consolidations, statutory share exchanges, conversions or negotiated tender offers, and including consideration incidental to these transactions. Share Repurchase Program On February 23, 2022, the Company's Board of Directors authorized the Company to repurchase up to $500 million (exclusive of fees and commissions) of outstanding shares of the Company's Class C Common Stock over the next two years. As of March 31, 2024, the Company has repurchased a total of $500 million or 45.6 million outstanding shares of its Class C Common Stock under its share repurchase program, thereby completing all repurchase activity under the repurchase program. Pursuant to the previously disclosed accelerated share repurchase transactions that the Company entered into in February 2022, May 2022, August 2022, November 2022, August 2023 and November 2023 (the "ASR Agreements"), the Company repurchased 10.7 million, 18.7 million and 16.2 million shares of Class C Common Stock, which were immediately retired, during Fiscal 2024, Fiscal 2023 and the Transition Period, respectively. As a result, $74.8 million was recorded to retained earnings to reflect the difference between the market price of the Class C Common Stock repurchased and its par value during Fiscal 2024 (Fiscal 2023: $174.0 million; Transition Period: $240.0 million). On August 16, 2022, the Inflation Reduction Act (the "Act") was enacted and signed into law in the United States, which imposed a 1.0% excise tax on corporate stock repurchases in tax years beginning after December 31, 2022. As a result, the Company accrued $0.7 million of excise tax in connection with the share repurchases completed during Fiscal 2024, which was recorded in other current liabilities on the Consolidated Balance Sheets as of March 31, 2024. On May 15, 2024, subsequent to the fiscal year end, the Company's Board of Directors authorized the repurchase of up to $500 million (exclusive of fees and commissions) of outstanding shares of the Company's Class C Common Stock through May 31, 2027. Refer to Note 22 of these Consolidated Financial Statements.

Revenues

Revenues	12 Months Ended
	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
REVENUES	REVENUES The following tables summarize the Company's net revenues by product category and distribution channels: Year Ended Year Ended Three Months Ended Year Ended December 31, 2021 Apparel $ 3,789,016 $ 3,871,167 $ 876,452 $ 3,840,375 Footwear 1,383,610 1,455,265 296,696 1,264,127 Accessories 405,715 408,521 96,803 461,894 Net Sales 5,578,341 5,734,953 1,269,951 5,566,396 License revenues 111,241 116,746 26,602 112,623 Corporate Other 12,297 51,466 4,240 3,573 Total net revenues $ 5,701,879 $ 5,903,165 $ 1,300,793 $ 5,682,592 Year Ended Year Ended Three Months Ended Year Ended December 31, 2021 Wholesale $ 3,243,187 $ 3,468,126 $ 829,179 $ 3,245,749 Direct-to-consumer 2,335,154 2,266,827 440,772 2,320,647 Net Sales 5,578,341 5,734,953 1,269,951 5,566,396 License revenues 111,241 116,746 26,602 112,623 Corporate Other 12,297 51,466 4,240 3,573 Total net revenues $ 5,701,879 $ 5,903,165 $ 1,300,793 $ 5,682,592 The Company records reductions to revenue for estimated customer returns, allowances, markdowns and discounts. These reserves are included within customer refund liability and the value of the inventory associated with reserves for sales returns are included within prepaid expenses and other current assets on the Consolidated Balance Sheets. The following table presents the customer refund liability, as well as the associated value of inventory for the periods indicated: As of As of Customer refund liability $ 139,283 $ 160,533 Inventory associated with reserves for sales returns $ 29,514 $ 40,661 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 digital fitness applications and royalty arrangements and points associated with our loyalty programs, which are included in other current and other long-term liabilities on the Company's Consolidated Balance Sheets, and gift cards, which are included in accrued expenses on the Company's Consolidated Balance Sheets. As of March 31, 2024, contract liabilities were $26.3 million (March 31, 2023: $25.9 million). For Fiscal 2024, the Company recognized approximately $7.4 million of revenue that was previously included in contract liabilities as of March 31, 2023. For Fiscal 2023, the Company recognized approximately $19.3 million of revenue that was previously included in contract liabilities as of March 31, 2022. Included in this amount is approximately $10.1 million of revenue that was recognized during the three months ended December 31, 2022 for gift cards not expected to be redeemed ("breakage"), resulting from a process assessment that was completed during the three months ended December 31, 2022. For Fiscal 2021, the Company recognized approximately $21.5 million of revenue that was previously included in contract liabilities as of December 31, 2020. For the Transition Period, the Company recognized $5.0 million of revenue that was previously included in contract liabilities as of December 31, 2021.

Other Employee Benefits

Other Employee Benefits	12 Months Ended
	Mar. 31, 2024
Retirement Benefits [Abstract]
OTHER EMPLOYEE BENEFITS	OTHER EMPLOYEE BENEFITS The Company offers a 401(k) Deferred Compensation Plan for the benefit of eligible employees. Employee contributions are voluntary and subject to Internal Revenue Service limitations. The Company matches a portion of the participant's contribution and recorded expense for Fiscal 2024 of $10.6 million (Fiscal 2023: $11.6 million; Fiscal 2021: $8.9 million; Transition Period: $6.1 million). In addition, the Company offers the Under Armour, Inc. Deferred Compensation Plan (the "Deferred Compensation Plan") which allows a select group of management or highly compensated employees, as approved by the Human Capital and Compensation Committee of the Board of Directors, to make an annual base salary and/or bonus deferral for each year. As of March 31, 2024, the Deferred Compensation Plan obligations, which are included in other long-term liabilities on the Consolidated Balance Sheets, were $16.2 million (March 31, 2023: $14.1 million). The Company established a Rabbi Trust to fund obligations to participants in the Deferred Compensation Plan. As of March 31, 2024, the assets held in the Rabbi Trust were trust owned life insurance ("TOLI") policies with cash-surrender values of $9.1 million (March 31, 2023: $7.7 million). These assets are consolidated and are included in other long-term assets on the Consolidated Balance Sheets. Refer to Note 15 of these Consolidated Financial Statements for a discussion of the fair value measurements of the assets held in the Rabbi Trust and the Deferred Compensation Plan obligations.

Stock Based Compensation

Stock Based Compensation	12 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
STOCK BASED COMPENSATION	STOCK BASED COMPENSATION The Under Armour, Inc. Fourth Amended and Restated 2005 Omnibus Long-Term Incentive Plan as amended (the "2005 Plan") provides for the issuance of stock options, restricted stock, restricted stock units and other equity awards to officers, directors, key employees and other persons. The 2005 Plan terminates in 2033. As of March 31, 2024, 8.3 million Class A shares and 34.3 million Class C shares are available for future grants of awards under the 2005 Plan. Awards Granted to Employees and Non-Employee Directors Total stock-based compensation expense associated with awards granted to employees and non-employee directors for Fiscal 2024 was $36.9 million (Fiscal 2023: $36.8 million; Fiscal 2021: $43.8 million; Transition Period: $11.8 million). The related tax benefits, excluding consideration of valuation allowances, were $6.6 million for Fiscal 2024 (Fiscal 2023: $6.3 million; Fiscal 2021: $8.2 million; Transition Period: $2.0 million). The valuation allowances associated with these benefits were $1.2 million for Fiscal 2024 (Fiscal 2023: $1.2 million; Fiscal 2021: $7.2 million; Transition Period: $1.0 million). As of March 31, 2024, the Company had $57.4 million of unrecognized compensation expense related to these awards expected to be recognized over a weighted average period of 1.74 years. The unrecognized expense does not include any expense related to performance-based restricted stock unit awards for which the performance targets have been deemed improbable as of March 31, 2024. Refer to "Stock Options" and "Restricted Stock and Restricted Stock Unit Awards" below for further information on these awards. A summary of each of these plans is as follows: Employee Stock Compensation Plan Stock options, restricted stock and restricted stock unit awards under the 2005 Plan generally vest ratably over a period of two Non-Employee Director Compensation Plan The Company's Non-Employee Director Compensation Plan (the "Director Compensation Plan") provides for cash compensation and equity awards to non-employee directors of the Company under the 2005 Plan. Non-employee directors have the option to defer the value of their annual cash retainers as deferred stock units in accordance with the Under Armour, Inc. Non-Employee Deferred Stock Unit Plan (the "DSU Plan"). Each new non-employee director receives an award of restricted stock units upon the initial election to the Board of Directors, with the units covering stock valued at $100 thousand on the grant date and vesting in three equal annual installments. In addition, each non-employee director receives, following each annual stockholders' meeting, a grant under the 2005 Plan of restricted stock units covering stock valued at $150 thousand on the grant date. Each award vests 100% on the date of the next annual stockholders' meeting following the grant date. The receipt of the shares otherwise deliverable upon vesting of the restricted stock units automatically defers into deferred stock units under the DSU Plan. Under the DSU Plan each deferred stock unit represents the Company’s obligation to issue one share of the Company's Class A or Class C Common Stock with the shares delivered six months following the termination of the director's service. The Company had 0.8 million deferred stock units outstanding as of March 31, 2024. Employee Stock Purchase Plan The Company's Employee Stock Purchase Plans (the "ESPPs") allow for the purchase of Class A Common Stock and Class C Common Stock by all eligible employees at a 15% discount from fair market value subject to certain limits as defined in the ESPPs. As of March 31, 2024, 2.7 million Class A shares and 0.6 million Class C shares are available for future purchases under the ESPPs. During Fiscal 2024, 0.5 million Class C shares were purchased under the ESPPs (Fiscal 2023: 0.5 million; Fiscal 2021: 0.2 million; Transition Period: 0.1 million). Awards granted to Certain Marketing and Other Partners In addition to the plans discussed above, the Company may also, from time to time, issue deferred stock units or restricted stock units to certain of our marketing and other partners in connection with their entering into endorsement or other service agreements with the Company. The terms of each agreement set forth the number of units to be granted and the delivery dates for the shares, which range over a multi-year period, depending on the contract. Total stock-based compensation expense related to these awards for Fiscal 2024 was $8.9 million (Fiscal 2023: $3.3 million; Fiscal 2021: $3.5 million; Transition Period: $0.8 million). As of March 31, 2024, the Company had $71.0 million of unrecognized compensation expense associated with these awards expected to be recognized over a weighted average period of 10.26 years. Summary by Award Classification: Stock Options A summary of the Company's stock options activity for the year ended March 31, 2024 is presented below: Number of Stock Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Total Intrinsic Value Outstanding at March 31, 2023 1,578 $ 19.44 4.82 $ — Granted, at fair market value — — — — Exercised — — — — Forfeited — — — — Outstanding at March 31, 2024 1,578 $ 19.44 3.82 $ — Options exercisable at March 31, 2024 1,578 $ 19.44 3.82 $ — No stock options were granted during Fiscal 2024, Fiscal 2023, Fiscal 2021 or the Transition Period. No stock options were exercised during Fiscal 2024, Fiscal 2023 or the Transition Period. For Fiscal 2021, the intrinsic value of stock options exercised was $0.2 million. The were no income tax benefits related to stock options exercised for Fiscal 2021. Restricted Stock and Restricted Stock Unit Awards A summary of the Company's restricted stock and restricted stock unit awards activity for the year ended March 31, 2024 is presented below: Number of Restricted Shares Weighted Average Grant Date Fair Value Outstanding at March 31, 2023 7,658 $ 13.01 Granted 18,607 7.71 Forfeited (3,179) 10.15 Vested (2,310) 14.48 Outstanding at March 31, 2024 20,776 $ 8.58 The awards outstanding at March 31, 2024 in the table above includes 1.7 million and 0.5 million of performance-based restricted stock units that were awarded to certain executives and key employees under the 2005 Plan during Fiscal 2024 and Fiscal 2023, respectively. The performance-based restricted stock units awarded during Fiscal 2024 and Fiscal 2023 have a weighted average fair value of $6.93 and $9.13, respectively, and have vesting that is tied to the achievement of certain combined annual revenue and operating income targets. As of March 31, 2024, the Company deemed the achievement of the targets for the performance-based restricted stock units awarded during Fiscal 2023 to be improbable and recorded a reversal of all previously recorded expense, with no amounts remaining accrued. Inclusive of this reversal, during Fiscal 2024, the Company recorded stock-based compensation expense ($1.4) million, relating to these awards (Fiscal 2023: $1.4 million). As of March 31, 2024, the Company deemed the achievement of the targets for the performance-based restricted stock units awarded during Fiscal 2024 to be improbable and recorded a reversal of all previously recorded expense, with no amounts remaining accrued. Inclusive of this reversal, during Fiscal 2024, the Company recorded no stock-based compensation expense relating to these awards. The Company assesses the probability of the achievement of the revenue and operating income targets at the end of each reporting period and based on that assessment cumulative adjustments may be recorded in future periods.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Mar. 31, 2024
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 the exit price that would be paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value accounting guidance outlines a valuation framework, creates a fair value hierarchy in order to increase the consistency and comparability of fair value measurements and the related disclosures, and prioritizes the inputs used in measuring fair value as follows: Level 1: Observable inputs such as quoted prices in active markets; Level 2: Inputs, other than quoted prices in active markets, that are observable either directly or indirectly; and Level 3: Unobservable inputs for which there is little or no market data, which require the reporting entity to develop its own assumptions. Financial assets and liabilities measured at fair value on a recurring basis The Company's financial assets (liabilities) measured at fair value on a recurring basis consisted of the following types of instruments as of the following periods: March 31, 2024 March 31, 2023 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Derivative foreign currency contracts (see Note 16) $ — $ (4,643) $ — $ — $ (3,127) $ — TOLI policies held by the Rabbi Trust (see Note 13) $ — $ 9,105 $ — $ — $ 7,691 $ — Deferred Compensation Plan obligations (see Note 13) $ — $ (16,151) $ — $ — $ (14,082) $ — 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 fair value of the 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 Deferred Compensation Plan, which represent the underlying liabilities to participants. Liabilities under the Deferred Compensation Plan are recorded at amounts due to participants, based on the fair value of participants' selected investments. Fair value of Long-Term Debt 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). As of March 31, 2024, the fair value of the Convertible Senior Notes was $80.2 million (March 31, 2023: $85.8 million). As of March 31, 2024, the fair value of the Senior Notes was $569.1 million (March 31, 2023: $553.9 million). Assets and liabilities measured at fair value on a non-recurring basis Certain assets are not remeasured to fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances. These assets can include long-lived assets and goodwill that have been reduced to fair value when impaired. Assets that are written down to fair value when impaired are not subsequently adjusted to fair value unless further impairment occurs.

Risk Management and Derivatives

Risk Management and Derivatives	12 Months Ended
	Mar. 31, 2024
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 forecasted cash flows 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 designated cash flow hedges and undesignated hedges. As of March 31, 2024, the Company has hedge instruments primarily for: • British Pound/U.S. Dollar; • U.S. Dollar/Chinese Renminbi; • Euro/U.S. Dollar; • U.S. Dollar/Korean Won; • U.S. Dollar/Mexican Peso; and • U.S. Dollar/Canadian Dollar. All derivatives are recognized on the 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 Consolidated Balance Sheets. Refer to Note 15 of these Consolidated Financial Statements for a discussion of the fair value measurements. Balance Sheet Classification March 31, 2024 March 31, 2023 Derivatives designated as hedging instruments under ASC 815 Foreign currency contracts Other current assets $ 10,477 $ 22,473 Foreign currency contracts Other long-term assets 2,760 619 Total derivative assets designated as hedging instruments $ 13,237 $ 23,092 Foreign currency contracts Other current liabilities $ 17,761 $ 21,622 Foreign currency contracts Other long-term liabilities 1,171 5,769 Total derivative liabilities designated as hedging instruments $ 18,932 $ 27,391 Derivatives not designated as hedging instruments under ASC 815 Foreign currency contracts Other current assets $ 559 $ 3,408 Total derivative assets not designated as hedging instruments $ 559 $ 3,408 Foreign currency contracts Other current liabilities $ 600 $ 6,563 Foreign currency contracts Other long-term liabilities — 4 Total derivative liabilities not designated as hedging instruments $ 600 $ 6,567 The following table presents the amounts in the Consolidated Statement of Operations in which the effects of cash flow hedges are recorded and the effects of cash flow hedge activity on these line items: Year Ended Year Ended Three Months Ended March 31, 2022 (Transition Period) Year Ended 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 $ 5,701,879 $ 7,652 $ 5,903,165 $ 44,492 $ 1,300,793 $ 2,049 $ 5,682,592 $ (6,410) Cost of goods sold $ 3,071,626 $ (4,355) $ 3,259,334 $ 2,016 $ 696,397 $ (2,903) $ 2,821,967 $ (11,825) Interest income (expense), net $ 268 $ (36) $ (12,826) $ (37) $ (6,154) $ (9) $ (44,300) $ (37) Other income (expense), net $ 32,055 $ — $ 17,096 $ — $ (107) $ — $ (51,009) $ — The following tables present the amounts affecting the Consolidated Statements of Comprehensive Income (Loss): 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 March 31, 2024 Derivatives designated as cash flow hedges Foreign currency contracts $ (4,764) $ (2,584) $ 3,297 $ (10,645) Interest rate swaps (458) — (36) (422) Total designated as cash flow hedges $ (5,222) $ (2,584) $ 3,261 $ (11,067) 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 $ 41 $ 41,703 $ 46,508 $ (4,764) Interest rate swaps (495) — (37) (458) Total designated as cash flow hedges $ (454) $ 41,703 $ 46,471 $ (5,222) 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 $ (1,617) $ 804 $ (854) $ 41 Interest rate swaps (504) — (9) (495) Total designated as cash flow hedges $ (2,121) $ 804 $ (863) $ (454) 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 $ (25,908) $ 6,056 $ (18,235) $ (1,617) Interest rate swaps (541) — (37) (504) Total designated as cash flow hedges $ (26,449) $ 6,056 $ (18,272) $ (2,121) The following table presents the amounts in the Consolidated Statement of Operations in which the effects of undesignated derivative instruments are recorded and the effects of fair value hedge activity on these line items: Year Ended Year Ended Three Months Ended March 31, 2022 Year Ended 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 income (expense), net $ 32,055 $ 355 $ 17,096 $ (7,200) $ (107) $ 4,481 $ (51,009) $ (8,502) 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 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 March 31, 2024, the aggregate notional value of the Company's outstanding cash flow hedges was $1,199.1 million (March 31, 2023: $799.7 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 9 of these Consolidated Financial Statements for a discussion of long-term debt. For contracts designated as cash flow hedges, the changes in fair value are reported as other comprehensive income (loss) and are recognized in current earnings in the period or periods during which the hedged transaction affects current earnings. Effective hedge results are classified in the Consolidated Statement of Operations in the same manner as the underlying exposure. Undesignated Derivative Instruments The Company has entered into foreign exchange forward contracts to mitigate the change in fair value of specific assets and liabilities on the Consolidated Balance Sheets. Undesignated instruments are recorded at fair value as a derivative asset or liability on the 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 March 31, 2024, the total notional value of the Company's outstanding undesignated derivative instruments was $449.0 million (March 31, 2023: $396.7 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	12 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
PROVISION FOR INCOME TAXES	PROVISION FOR INCOME TAXES Income (loss) before income taxes is as follows: (In thousands) Year Ended Year Ended Three Months Ended Year Ended December 31, 2021 Income (loss) before income taxes United States $ (17,201) $ 7,424 $ (92,270) $ 180,160 Foreign 279,275 260,432 36,573 199,779 Total $ 262,074 $ 267,856 $ (55,697) $ 379,939 The components of the income tax expense (benefit) consisted of the following: (In thousands) Year Ended Year Ended Three Months Ended Year Ended December 31, 2021 Current Federal $ 19,909 $ 11,529 $ 331 $ (4,366) State 4,062 3,771 99 864 Foreign 29,728 29,198 10,251 36,335 53,699 44,498 10,681 32,833 Deferred Federal (22,361) (160,017) 159 5,148 State 90 215 (4) (3,645) Foreign (1,422) 6,659 (2,655) (4,145) (23,693) (153,143) (2,500) (2,642) Income tax expense (benefit) $ 30,006 $ (108,645) $ 8,181 $ 30,191 A reconciliation from the U.S. statutory federal income tax rate to the effective income tax rate is as follows: Year Ended Year Ended Three Months Ended Year Ended U.S. federal statutory income tax rate $ 55,036 21.0 % $ 56,250 21.0 % $ (11,696) 21.0 % $ 79,789 21.0 % State taxes, net of federal tax impact 3,342 1.3 % 7,754 2.8 % (5,489) 9.9 % 22,960 6.0 % Effect of foreign earnings (9,684) (3.7) % (5,238) (2.0) % 140 (0.3) % (10,328) (2.7) % Permanent tax (benefits)/nondeductible expenses (11,623) (4.4) % (9,425) (3.5) % (884) 1.6 % (12,374) (3.3) % Impact of divestitures — — % — — % (552) 1.0 % 7,317 1.9 % Unrecognized tax benefits 7,781 3.0 % 11,654 4.4 % 750 (1.3) % 9,844 2.6 % International intangible asset (113,688) (43.6) % — — % — — % — — % Valuation allowance 102,669 39.2 % (169,566) (63.3) % 26,623 (47.8) % (62,823) (16.5) % Federal R&D credit (3,000) (1.1) % (3,000) (1.1) % (1,000) 1.8 % (4,000) (1.1) % Other (827) (0.3) % 2,926 1.1 % 289 (0.6) % (194) — % Effective income tax rate $ 30,006 11.4 % $ (108,645) (40.6) % $ 8,181 (14.7) % $ 30,191 7.9 % For Fiscal 2024, the Company recorded an income tax expense of $30.0 million compared to an income tax benefit of $108.6 million for Fiscal 2023, and income tax expense of $8.2 million and $30.2 million in the Transition Period and Fiscal 2021, respectively. In Fiscal 2024, the Company recorded an income tax benefit for the recognition of a deferred tax asset related to an international intangible asset with an associated valuation allowance. In Fiscal 2023, income tax benefits were recorded for the release of the U.S. federal valuation on deferred tax assets. In the Transition Period, additional valuation allowances were recorded for the U.S. and in Fiscal 2021, income tax benefits recorded for the reduction in U.S. valuation allowances was limited to the current period earnings. Deferred tax assets and liabilities consisted of the following: (In thousands) March 31, 2024 March 31, 2023 Deferred tax assets Operating lease liabilities $ 187,289 $ 213,381 Intangible assets 134,357 22,923 Reserves and accrued liabilities 60,843 44,957 Capitalized research expenditures 57,348 35,539 Foreign net operating loss carry-forwards 37,951 33,492 U.S. federal and state capital loss 32,473 45,099 Inventory 22,609 33,768 Deductions limited by income 13,119 5,957 U.S. state net operating loss 12,900 15,287 Stock-based compensation 10,379 8,076 Foreign tax credits 10,257 9,522 Allowance for doubtful accounts and sales return reserves 8,739 13,112 Property and equipment 5,042 — U.S. tax credits 4,409 4,567 Convertible debt instruments 122 725 Other 8,383 8,674 Total deferred tax assets 606,220 495,079 Less: valuation allowance (274,829) (177,026) Total net deferred tax assets $ 331,391 $ 318,053 Deferred tax liabilities Right-of-use asset $ (104,665) $ (122,286) Prepaid expenses (2,978) (4,875) Property and equipment — (3,415) Other (3,796) (1,888) Total deferred tax liabilities (111,439) (132,464) Total deferred tax assets, net $ 219,952 $ 185,589 All deferred tax assets and liabilities are classified as non-current on the Consolidated Balance Sheets as of March 31, 2024 and March 31, 2023. In evaluating its ability to realize deferred tax assets, the Company considered all available positive and negative evidence, including its past operating results and the forecast of future market growth, earnings, taxable income and prudent and feasible tax planning strategies. The assumptions utilized in determining future taxable income require significant judgment and actual operating results in future years could differ from the Company's current assumptions, judgments and estimates. Each reporting date, management considers new evidence, both positive and negative, that could affect its view of the future realization of deferred tax assets. As of March 31, 2024, for U.S. states and certain foreign taxing jurisdictions, we believe the weight of the negative evidence continues to outweigh the positive evidence regarding the realization of these deferred tax assets and have maintained a valuation allowance against these assets. We will continue to evaluate our ability to realize our net deferred tax assets on a quarterly basis. As of March 31, 2024, the Company had $12.9 million in deferred tax assets associated with $256.0 million in state net operating loss carryforwards and $4.4 million in net deferred tax assets associated with state tax credits. Certain definite lived state net operating losses and state tax credits will begin to expire within ten As of March 31, 2024, the Company had $38.0 million in net deferred tax assets associated with approximately $187.8 million in foreign net operating loss carryforwards and $10.3 million in deferred tax assets associated with foreign tax credit carryforwards. While a portion of the foreign net operating loss carryforwards and foreign tax credit carryforwards have an indefinite carryforward period, certain are definite lived, expected to expire within three As of March 31, 2024, approximately $632.2 million of cash and cash equivalents was held by the Company's non-U.S. subsidiaries whose cumulative undistributed earnings total $1.5 billion. The Tax Cuts and Jobs Act of 2017 imposed U.S. federal tax on all post-1986 foreign unrepatriated earnings accumulated through December 31, 2017. The portion of these earnings not subject to U.S. federal income tax as part of the one-time transition tax should, in general, not be subject to U.S. federal income tax. The Company will continue to permanently reinvest these earnings, as well as future earnings from its foreign subsidiaries, to fund international growth and operations. If the Company was to repatriate indefinitely reinvested foreign funds, it would still be required to accrue and pay certain taxes upon repatriation, including foreign withholding taxes and certain U.S. state taxes and recognized foreign exchange rate impacts. Determination of the unrecorded deferred tax liability that would be incurred if such amounts were repatriated is not practicable. The following table represents a reconciliation of the Company's total unrecognized tax benefits balances, excluding interest and penalties. (In thousands) Year Ended Year Ended Three Months Ended Year Ended December 31, 2021 Beginning of period $ 61,945 $ 52,867 $ 52,150 $ 43,308 Increases as a result of tax positions taken in a prior period 5,909 4,987 159 6,713 Decreases as a result of tax positions taken in a prior period (2,921) (598) (37) (332) Increases as a result of tax positions taken during the current period 855 4,689 595 2,461 Reductions as a result of a lapse of limitations during the current period (856) — — — End of period $ 64,932 $ 61,945 $ 52,867 $ 52,150 As of March 31, 2024, the total liability for unrecognized tax benefits was approximately $79.9 million (March 31, 2023: $70.4 million) including $15.0 million for the accrual of interest and penalties (March 31, 2023: $8.5 million). For Fiscal 2024, the Company recorded $6.6 million for the accrual of interest and penalties within the provision for income taxes on its Consolidated Statements of Operations (Fiscal 2023: $2.7 million; Fiscal 2021: $1.2 million; Transition Period: $0.2 million). As of March 31, 2024, $55.5 million of unrecognized tax benefits, excluding interest and penalties, would impact the Company's effective tax rate if recognized. Also included in the balance are unrecognized tax benefits of $6.4 million that, if recognized, would result in adjustments to other tax accounts, primarily valuation allowances on deferred tax assets. The Company files income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. The Company is currently under audit by the U.S. Internal Revenue Service for the years 2015 through 2020. The majority of the Company's other returns for years before 2014 are no longer subject to U.S. federal, state and local or foreign income tax examinations by tax authorities. The total amount of unrecognized tax benefits relating to the Company's tax positions is subject to change based on future events including, but not limited to, the settlements of ongoing tax audits and assessments and the expiration of applicable statutes of limitations. Although the outcomes and timing of such events are highly uncertain, the Company does not anticipate that the balance of gross unrecognized tax benefits, excluding interest and penalties, will change significantly during the next twelve months. However, changes in the occurrence, expected outcomes, and timing of such events could cause the Company's current estimate to change materially in the future.

Earnings per Share

Earnings per Share	12 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following represents a reconciliation from basic net income (loss) per share to diluted net income (loss) per share: Year Ended March 31, 2024 Year Ended March 31, 2023 Three Months Ended Year Ended December 31, 2021 (1) Numerator Net income (loss) - Basic $ 232,042 $ 374,459 $ (63,146) $ 351,003 Interest on Convertible Senior Notes due 2024, net of tax (2) 901 899 — — Net income (loss) - Diluted $ 232,943 $ 375,358 $ (63,146) $ 351,003 Denominator Weighted average common shares outstanding Class A, B and C - Basic 440,324 451,426 471,425 465,504 Dilutive effect of Class A, B, and C securities (2) 2,445 1,841 — 3,035 Dilutive effect of Convertible Senior Notes due 2024 (2) 8,242 8,242 — 105 Weighted average common shares and dilutive securities outstanding Class A, B, and C 451,011 461,509 471,425 468,644 Class A and Class C securities excluded as anti-dilutive (3) 15,076 6,989 6,539 1,578 Basic net income (loss) per share of Class A, B and C common stock $ 0.53 $ 0.83 $ (0.13) $ 0.75 Diluted net income (loss) per share of Class A, B and C common stock $ 0.52 $ 0.81 $ (0.13) $ 0.75 (1) The Company adopted Accounting Standard Update No. 2020-06 "Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity's Own Equity (Subtopic 815-40)" (ASU 2020-06) on January 1, 2022 using the modified retrospective transition approach. As a result, prior period comparatives have not been restated to conform to current period presentation. (2) Effects of potentially dilutive securities are presented only in periods in which they are dilutive. No stock options, restricted stock units, or effects from the Convertible Senior Notes due 2024 are included in the computation of diluted earnings per share during periods when the Company is in the net loss position, as their effect would be anti-dilutive. (3) Represents stock options and restricted stock units of Class A and Class C Common Stock outstanding that were excluded from the computation of diluted earnings per share because their effect would have been anti-dilutive.

Segment Data

Segment Data	12 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
SEGMENT DATA	SEGMENT DATA 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 of being a global brand. These geographic regions include North America, 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. Total expenditures for additions to long-lived assets are not disclosed as this information is not regularly provided to the CODM. The Company excludes certain corporate items from its segment profitability measures. The Company reports these items within Corporate Other, which is designed to provide increased transparency and comparability of the Company's operating segments' performance. Corporate Other consists primarily of (i) operating results related to MMR platforms and other digital business opportunities; (ii) 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 and innovation, and other corporate support functions; (iii) restructuring and restructuring related charges, if any; and (iv) certain foreign currency hedge gains and losses. The following tables summarize the Company's net revenues and operating income (loss) by its geographic segments. Intercompany balances were eliminated in consolidation and are not reviewed when evaluating segment performance. Year Ended Year Ended Three Months Ended Year Ended Net revenues North America $ 3,505,167 $ 3,820,522 $ 840,949 $ 3,809,498 EMEA 1,081,915 992,624 228,056 842,511 Asia-Pacific 873,019 825,338 181,908 831,762 Latin America 229,481 213,215 45,640 195,248 Corporate Other 12,297 51,466 4,240 3,573 Total net revenues $ 5,701,879 $ 5,903,165 $ 1,300,793 $ 5,682,592 Year Ended Year Ended Three Months Ended Year Ended Operating income (loss) North America $ 677,882 $ 714,656 $ 150,604 $ 961,051 EMEA 176,205 112,161 30,336 132,602 Asia-Pacific 119,650 100,276 5,464 132,911 Latin America 38,401 23,487 6,343 22,388 Corporate Other (782,387) (686,994) (242,183) (773,704) Total operating income (loss) 229,751 263,586 (49,436) 475,248 Interest expense, net 268 (12,826) (6,154) (44,300) Other income (expense), net 32,055 17,096 (107) (51,009) Income (loss) before income taxes $ 262,074 $ 267,856 $ (55,697) $ 379,939 Long-lived assets are primarily composed of property and equipment, net and operating lease right-of-use assets. The Company's long-lived assets by geographic area were as follows: March 31, 2024 March 31, 2023 Long-lived assets United States $ 877,558 $ 893,943 Canada 16,748 15,671 Total North America 894,306 909,614 Other foreign countries 204,896 224,526 Total long-lived assets $ 1,099,202 $ 1,134,140

Related Party Transactions

Related Party Transactions	12 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS The Company has an operating lease agreement with an entity controlled by the Company's President and Chief Executive Officer to lease an aircraft for business purposes. The Company recorded $1.6 million for lease payments to the entity for its use of the aircraft during Fiscal 2024 (Fiscal 2023: $2.0 million; Fiscal 2021: $2.0 million; Transition Period: $0.5 million). The Company determined the lease payments were at fair market lease rates. In June 2016, the Company purchased parcels of land from an entity controlled by the Company's President and Chief Executive Officer, to be utilized to expand the Company's corporate headquarters to accommodate its growth needs. The purchase price for these parcels totaled $70.3 million. The Company determined that the purchase price for the land represented the fair market value of the parcels and approximated the cost to the seller to purchase and develop the parcels, including costs related to the termination of a lease encumbering the parcels. In connection with the purchase of these parcels, the parties entered into an agreement in September 2016 and a supplement thereto in May 2022, pursuant to which the parties will share the burden of any special taxes arising due to infrastructure projects in the surrounding area. The allocation to the Company is based on the expected benefits to the Company's parcels from these projects. No amounts were payable by either party under this agreement as of March 31, 2024.

Revision of Previously Issued I

Revision of Previously Issued Interim Financial Statements (Unaudited)	12 Months Ended
	Mar. 31, 2024
Accounting Changes and Error Corrections [Abstract]
REVISION OF PREVIOUSLY ISSUED INTERIM FINANCIAL STATEMENTS (UNAUDITED)	REVISION OF PREVIOUSLY ISSUED INTERIM FINANCIAL STATEMENTS (UNAUDITED) The amounts below reflect the unaudited interim periods within Fiscal 2024 and 2023 and include the revisions to previously filed unaudited interim consolidated financial data to correct immaterial prior period errors as discussed in Note 1 of these Consolidated Financial Statements. The Company intends to reflect these revisions in its Quarterly Reports to be filed on Form 10-Q in Fiscal 2025. Condensed Consolidated Statements of Operations Three Months Ended (in thousands) June 30, 2023 September 30, 2023 December 31, 2023 March 31, 2024 Net revenues $ 1,316,965 $ 1,566,674 $ 1,486,043 $ 1,332,197 Cost of goods sold 705,470 818,151 815,404 732,601 Gross profit 611,495 748,523 670,639 599,596 Selling, general and administrative expenses 589,072 609,050 599,230 603,150 Income (loss) from operations 22,423 139,473 71,409 (3,554) Interest income (expense), net (1,626) (373) (211) 2,478 Other income (expense), net (6,060) (6,104) 47,927 (3,708) Income (loss) before income taxes 14,737 132,996 119,125 (4,784) Income tax expense (benefit) 4,328 28,436 8,569 (11,327) Income (loss) from equity method investments (399) 151 197 25 Net income (loss) $ 10,010 $ 104,711 $ 110,753 $ 6,568 Basic net income per share of Class A, B and C common stock $ 0.02 $ 0.24 $ 0.25 $ 0.02 Diluted net income per share of Class A, B and C common stock $ 0.02 $ 0.23 $ 0.25 $ 0.02 Three Months Ended (in thousands) June 30, 2022 September 30, 2022 December 31, 2022 March 31, 2023 Net revenues $ 1,348,777 $ 1,574,296 $ 1,581,487 $ 1,398,605 Cost of goods sold 720,860 860,799 884,563 793,112 Gross profit 627,917 713,497 696,924 605,493 Selling, general and administrative expenses 599,286 597,595 607,433 575,931 Income (loss) from operations 28,631 115,902 89,491 29,562 Interest income (expense), net (6,005) (3,555) (1,615) (1,651) Other income (expense), net (14,241) (5,771) 42,848 (5,740) Income (loss) before income taxes 8,385 106,576 130,724 22,171 Income tax expense (benefit) 4,637 21,489 17,726 (152,497) Income (loss) from equity method investments (898) (908) 72 (308) Net income (loss) $ 2,850 $ 84,179 $ 113,070 $ 174,360 Basic net income per share of Class A, B and C common stock $ 0.01 $ 0.19 $ 0.25 $ 0.39 Diluted net income per share of Class A, B and C common stock $ 0.01 $ 0.18 $ 0.25 $ 0.38 The following table sets forth the Company’s revisions to the condensed statements of operations for each of the first three quarters in the fiscal year ended March 31, 2024 and each of the quarters in the fiscal year ended March 31, 2023. Fiscal 2024 Three Months Ended June 30, 2023 Three Months Ended September 30, 2023 Three Months Ended December 31, 2023 (in thousands) As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised Net revenues $ 1,317,012 $ (47) $ 1,316,965 $ 1,566,710 $ (36) $ 1,566,674 $ 1,486,095 $ (52) $ 1,486,043 Cost of goods sold 709,276 (3,806) 705,470 814,715 3,436 818,151 814,914 490 815,404 Gross profit 607,736 3,759 611,495 751,995 (3,472) 748,523 671,181 (542) 670,639 Selling, general and administrative expenses 586,806 2,266 589,072 606,236 2,814 609,050 601,661 (2,431) 599,230 Income (loss) from operations 20,930 1,493 22,423 145,759 (6,286) 139,473 69,520 1,889 71,409 Interest income (expense), net (1,626) — (1,626) (373) — (373) (211) — (211) Other income (expense), net (6,385) 325 (6,060) (6,429) 325 (6,104) 49,636 (1,709) 47,927 Income (loss) before income taxes 12,919 1,818 14,737 138,957 (5,961) 132,996 118,945 180 119,125 Income tax expense (benefit) 3,971 357 4,328 29,494 (1,058) 28,436 4,999 3,570 8,569 Income (loss) from equity method investments (399) — (399) 151 — 151 197 — 197 Net income (loss) $ 8,549 $ 1,461 $ 10,010 $ 109,614 $ (4,903) $ 104,711 $ 114,143 $ (3,390) $ 110,753 Basic net income (loss) per share $ 0.02 $ — $ 0.02 $ 0.25 $ (0.01) $ 0.24 $ 0.26 $ (0.01) $ 0.25 Diluted net income (loss) per share $ 0.02 $ — $ 0.02 $ 0.24 $ (0.01) $ 0.23 $ 0.26 $ (0.01) $ 0.25 Fiscal 2023 Three Months Ended June 30, 2022 Three Months Ended September 30, 2022 Three Months Ended December 31, 2022 Three Months Ended March 31, 2023 (in thousands) As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised Net revenues $ 1,349,057 $ (280) $ 1,348,777 $ 1,573,885 $ 411 $ 1,574,296 $ 1,581,781 $ (294) $ 1,581,487 $ 1,398,913 $ (308) $ 1,398,605 Cost of goods sold 718,860 2,000 720,860 860,051 748 860,799 883,376 1,187 884,563 792,009 1,103 793,112 Gross profit 630,197 (2,280) 627,917 713,834 (337) 713,497 698,405 (1,481) 696,924 606,904 (1,411) 605,493 Selling, general and administrative expenses 595,714 3,572 599,286 594,424 3,171 597,595 603,746 3,687 607,433 571,645 4,286 575,931 Income (loss) from operations 34,483 (5,852) 28,631 119,410 (3,508) 115,902 94,659 (5,168) 89,491 35,259 (5,697) 29,562 Interest income (expense), net (6,005) — (6,005) (3,555) — (3,555) (1,615) — (1,615) (1,651) — (1,651) Other income (expense), net (14,241) — (14,241) (5,771) — (5,771) 47,312 (4,464) 42,848 (10,520) 4,780 (5,740) Income (loss) before income taxes 14,237 (5,852) 8,385 110,084 (3,508) 106,576 140,356 (9,632) 130,724 23,088 (917) 22,171 Income tax expense (benefit) 5,657 (1,020) 4,637 22,251 (762) 21,489 18,811 (1,085) 17,726 (147,765) (4,732) (152,497) Income (loss) from equity method investments (898) — (898) (908) — (908) 72 — 72 (308) — (308) Net income (loss) $ 7,682 $ (4,832) $ 2,850 $ 86,925 $ (2,746) $ 84,179 $ 121,617 $ (8,547) $ 113,070 $ 170,545 $ 3,815 $ 174,360 Basic net income (loss) per share $ 0.02 $ (0.01) $ 0.01 $ 0.19 $ — $ 0.19 $ 0.27 $ (0.02) $ 0.25 $ 0.38 $ 0.01 $ 0.39 Diluted net income (loss) per share $ 0.02 $ (0.01) $ 0.01 $ 0.19 $ (0.01) $ 0.18 $ 0.27 $ (0.02) $ 0.25 $ 0.38 $ — $ 0.38

Subsequent Events

Subsequent Events	12 Months Ended
	Mar. 31, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Share Repurchase Plan On May 15, 2024, the Company’s board of directors authorized the repurchase of up to $500 million of the Company’s Class C Common Stock through May 31, 2027. The Class C Common Stock may be repurchased from time to time at prevailing prices in the open market, through plans designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, via private purchases through forward, derivative, accelerated share repurchase transactions or otherwise, subject to applicable regulatory restrictions on volume, pricing and timing. The timing and amount of any repurchases will depend on market conditions, the Company’s financial condition, results of operations, liquidity and other factors. Fiscal 2025 Restructuring Plan On May 15, 2024, the Company's Board of Directors approved a restructuring plan designed to rebalance the Company's costs base to further improve profitability and cash flow generation. In connection with this plan, the Company expects to incur total estimated pre-tax restructuring and related charges of approximately $70 million to $90 million, during Fiscal 2025, primarily consisting of up to approximately: • $50 million in cash-related charges, consisting of approximately $15 million in employee severance and benefits costs, and $35 million related to various transformational initiatives, and •

Schedule II Valuation and Quali

Schedule II Valuation and Qualifying Accounts	12 Months Ended
	Mar. 31, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	Schedule II Valuation and Qualifying Accounts (In thousands) Description Balance at Beginning of Year Charged to Costs and Expenses Write-Offs Net of Recoveries Balance at End of Year Allowance for doubtful accounts For the year ended March 31, 2024 $ 10,813 $ 6,061 $ (1,880) $ 14,994 For the year ended March 31, 2023 7,113 5,193 (1,493) 10,813 For the three months ended March 31, 2022 (Transition Period) 7,128 (36) 21 7,113 For the year ended December 31, 2021 20,350 (3,821) (9,401) 7,128 Sales returns and allowances For the year ended March 31, 2024 $ 70,191 $ (146,700) $ 135,727 $ 59,218 For the year ended March 31, 2023 70,136 (125,816) 125,871 70,191 For the three months ended March 31, 2022 (Transition Period) 69,070 (23,649) 24,715 70,136 For the year ended December 31, 2021 94,179 (96,632) 71,523 69,070 Deferred tax asset valuation allowance For the year ended March 31, 2024 $ 177,026 $ 116,254 $ (18,451) $ 274,829 For the year ended March 31, 2023 351,603 6,186 (180,763) 177,026 For the three months ended March 31, 2022 (Transition Period) 318,815 34,142 (1,354) 351,603 For the year ended December 31, 2021 389,026 12,604 (82,815) 318,815

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Pay vs Performance Disclosure
Net income (loss) - Basic	$ 6,568	$ 110,753	$ 104,711	$ 10,010	$ 174,360	$ 113,070	$ 84,179	$ 2,850	$ (63,146)	$ 232,042	$ 374,459	$ 351,003

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Mar. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying Consolidated Financial Statements are presented in U.S. Dollars and include the accounts of Under Armour, Inc. and its wholly owned subsidiaries and were prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). 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 upon consolidation.
Reclassifications	Reclassifications Certain prior period comparative amounts have been reclassified to conform to the current period presentation. Such reclassifications were not material and did not affect the Consolidated Financial Statements.
Management Estimates	Management Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates, judgments 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. These estimates, judgments and assumptions are evaluated on an on-going basis. The Company bases its estimates on historical experience and on various other assumptions that it believes are reasonable at that time; however, actual results could differ from these estimates.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that subject the Company to significant concentration of credit risk consist primarily of accounts receivable. The majority of the Company's accounts receivable is due from large wholesale customers. As of March 31, 2024 and March 31, 2023, no single customer accounted for more than 10% of the Company's accounts receivable balance. For Fiscal 2024, Fiscal 2023 and the Transition Period, no single customer accounted for more than 10% of the Company's net revenues. For Fiscal 2021, one customer within the North America region accounted for approximately 11% of the Company's net revenues.
Accounts Receivable and Credit Losses - Allowance for Doubtful Accounts	Accounts Receivable and Credit Losses - Allowance for Doubtful Accounts The Company is exposed to credit losses primarily through customer receivables associated with the sale of products within the Company's wholesale channel and through credit card receivables associated with the sale of products within the Company's direct-to-consumer channel, recorded within accounts receivable, net on the Company's Consolidated Balance Sheets. The Company also has other receivables, including receivables from licensing arrangements recorded in prepaid expenses and other current assets on the Company's Consolidated Balance Sheets. Credit is extended to wholesale customers based on a credit review. The credit review considers each customer's financial condition, including a review of the customer's established credit rating or, if an established credit rating is not available, then the Company's assessment of the customer's creditworthiness is based on their financial statements, local industry practices, and business strategy. A credit limit and invoice terms are established for each customer based on the outcome of this review. To mitigate credit risk from the wholesale channel, the Company may require customers to provide security in the form of guarantees, letters of credit, deposits, collateral or prepayment. Further, to mitigate certain risk from other wholesale customers, the Company has acquired specific trade accounts receivable insurance policies.
Inventories	Inventories Inventories consist primarily of finished goods. Costs of finished goods inventories include all costs incurred to bring inventory to its current condition, including inbound freight, duties and other costs. In accordance with ASC Topic 330 "Inventory", the Company values its inventory at standard cost which approximates landed cost, using the first-in, first-out method of cost determination. Net realizable value is estimated based upon assumptions made about future demand and retail market conditions. If the Company determines that the estimated net realizable value of its inventory is less than the carrying value of such inventory, it records a charge to cost of goods sold to reflect the lower of cost or net realizable value. If actual market conditions are less favorable than those projected by the Company, further adjustments may be required that would increase the cost of goods sold in the period in which such a determination was made.
Property and Equipment	Property and Equipment In accordance with ASC Topic 360 "Property, Plant and Equipment", property and equipment are stated at cost less accumulated depreciation. The Company includes the cost associated with software customized for internal use within Property and Equipment on the Company's Consolidated Balance Sheets. Property and equipment is depreciated using the straight-line method over the estimated useful lives of the assets, as follows: Years Furniture, fixtures and displays, office equipment, software and plant equipment (1) 3 to 10 Site improvements, buildings and building equipment 10 to 35 Leasehold and tenant improvements Shorter of the remaining lease term or related asset life (1) The cost of in-store apparel and footwear fixtures and displays are capitalized as part of "furniture, fixtures and displays", and depreciated over three years. The Company periodically reviews its assets' estimated useful lives based upon actual experience and expected future utilization. A change in useful life is treated as a change in accounting estimate and is applied prospectively. The Company capitalizes the cost of interest for long term property and equipment projects based on the Company's weighted average borrowing rates in place while the projects are in progress. Capitalized interest was $6.0 million as of March 31, 2024 (March 31, 2023: $3.1 million). Upon retirement or disposition of property and equipment, the cost and accumulated depreciation are removed from the accounts and any resulting gain or loss is reflected in selling, general and administrative expenses for that period. Major additions and betterments are capitalized to the asset accounts while maintenance and repairs are expensed as incurred.
Leases	Leases The Company enters into operating leases domestically and internationally to lease certain 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 2038, excluding extensions at the Company's option, and include provisions for rental adjustments. In accordance with ASC Topic 842 "Leases", the Company accounts for a contract as a lease when it has the right to direct the use of the asset for a period of time while obtaining substantially all of the asset's economic benefits. The Company determines the initial classification and measurement of its right-of-use ("ROU") assets and lease liabilities at the lease commencement date and thereafter if modified. ROU assets represent the Company's right to control the underlying assets under lease, over the contractual term. ROU assets and lease liabilities are recognized on the Consolidated Balance Sheets based on the present value of future minimum lease payments to be made over the lease term. ROU assets and lease liabilities are established on the Company's Consolidated Balance Sheets for leases with an expected term greater than one year. Short-term lease payments were not material for Fiscal 2024, Fiscal 2023, Fiscal 2021 and the Transition Period. As the rate implicit in a lease is not readily determinable, the Company uses its secured incremental borrowing rate to determine the present value of the lease payments. The Company calculates the incremental borrowing rate based on the current market yield curve and adjusts for foreign currency impacts for international leases. Fixed lease costs are included in the recognition of ROU assets and lease liabilities. Variable lease costs are not included in the measurement of the lease liability. Variable lease payments are recognized in the Consolidated Statements of Operations in the period in which the obligation for those payments is incurred. Historically, variable lease costs primarily consisted of lease payments dependent on sales in Brand and Factory House stores. During Fiscal 2024, variable lease costs were revised to also include other non-lease components payable to the lessor, including common area maintenance and real estate taxes. This presentation change did not affect total lease related costs recorded within the Company's Consolidated Statement of Operations. The Company has elected to combine lease and non-lease components in the determination of lease costs for its leases. The lease liability includes lease payments related to options to extend or renew the lease term only if the Company is reasonably certain to exercise those options.
Goodwill, Intangible Assets and Long-Lived Assets	Goodwill, Intangible Assets and Long-Lived Assets Goodwill and intangible assets are recorded at their estimated fair values at the date of acquisition and are allocated to the reporting units that are expected to receive the related benefits. Goodwill and indefinite lived intangible assets are not amortized and, in accordance with ASC Topic 350-20 "Goodwill", are required to be tested for impairment at least annually or sooner whenever events or changes in circumstances indicate that it is more likely than not that the fair value of the reporting unit is less than its carrying amount. In conducting an annual impairment test, the Company first reviews qualitative factors to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying amount. If factors indicate that is the case, the Company performs a quantitative goodwill impairment test. The Company compares the fair value of the reporting unit with its carrying amount. The Company estimates fair value using the discounted cash flows model, under the income approach, which indicates the fair value of the reporting unit based on the present value of the cash flows that the Company expects the reporting unit to generate in the future. The Company's significant estimates in the discounted cash flows model include: the Company's weighted average cost of capital, long-term rate of growth and profitability of the reporting unit's business, and working capital effects. If the carrying amount of a reporting unit exceeds its fair value, goodwill is impaired to the extent that the carrying value exceeds the fair value of the reporting unit. The Company performs its annual impairment testing in the fourth quarter of each fiscal year. No goodwill impairments were recorded during Fiscal 2024, Fiscal 2023, Fiscal 2021 or the Transition Period. During Fiscal 2024, the Company recorded a $0.6 million indefinite lived intangible asset impairment charge within selling, general and administrative expenses The Company continually evaluates whether events and circumstances have occurred that indicate the remaining estimated useful life of long-lived assets may warrant revision or that the remaining balance may not be recoverable. These factors may include a significant deterioration of operating results, changes in business plans, or changes in anticipated cash flows. When factors indicate that an asset should be evaluated for possible impairment, the Company reviews long-lived assets to assess recoverability from future operations using undiscounted cash flows. If future undiscounted cash flows are less than the carrying value, an impairment is recognized in earnings to the extent that the carrying value exceeds fair value. During Fiscal 2024, the Company performed an impairment analysis on its long-lived assets, including retail stores at an individual store level and determined that certain long-lived assets had net carrying values that exceeded their estimated undiscounted future cash flows. Accordingly, the Company estimated the fair values of these long-lived assets based on their market rent assessments or discounted cash flows and compared these estimated fair values to the net carrying values. The significant estimates used in the fair value methodology, which are based on Level 3 inputs, include: the Company's expectations for future operations and projected cash flows, including net revenue, gross profit and operating expenses and market conditions, including estimated market rent. As a result, the Company recorded $5.6 million of long-lived asset impairment charges within selling, general and administrative expenses on the Consolidated Statements of Operations and as a reduction to the related asset balances on the Consolidated Balance Sheets. The long-lived asset impairment charges for Fiscal 2024 are included within the Company's operating segments as follows: $1.7 million recorded in North America, $3.6 million recorded in EMEA and $0.3 million recorded in Asia-Pacific. During Fiscal 2023, the Company recorded $2.0 million of long-lived asset impairment charges
Revenue Recognition	Revenue Recognition The Company recognizes revenue in accordance with ASC Topic 606 "Revenue from Contracts with Customers". Net revenues primarily consist of net sales of apparel, footwear and accessories, license revenues and revenues from digital subscriptions, advertising and other digital business. The Company recognizes revenue when it satisfies its performance obligations by transferring control of promised products or services to its customers, which occurs either at a point in time or over time, depending on when the customer obtains the ability to direct the use of and obtain substantially all of the remaining benefits from the products or services. The amount of revenue recognized considers terms of sale that create variability in the amount of consideration that the Company ultimately expects to be entitled to in exchange for the products or services and is subject to an overall constraint that a significant revenue reversal will not occur in future periods. Sales taxes imposed on the Company's revenues from product sales are presented on a net basis on the Consolidated Statements of Operations, and therefore do not impact net revenues or costs of goods sold. Revenue transactions associated with the sale of apparel, footwear, and accessories, comprise a single performance obligation, which consists of the sale of products to customers either through wholesale or direct-to-consumer channels. The Company satisfies the performance obligation and records revenues when transfer of control has passed to the customer, based on the terms of sale. In the Company's wholesale channel, transfer of control 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. The Company may also ship product directly from its supplier to wholesale customers and recognize revenue when the product is delivered to and accepted by the customer. In the Company's direct-to-consumer channel, transfer of control takes place at the point of sale for Brand and Factory House customers and upon shipment to substantially all e-commerce customers. Payment terms for wholesale transactions are established in accordance with local and industry practices. Payment is generally required within 30 to 60 days of shipment to or receipt by the wholesale customer in the United States, and generally within 60 to 90 days of shipment to or receipt by the wholesale customer internationally. From time to time, based on market circumstances, the Company does grant certain customers with longer than average payment terms. Payment is generally due at the time of sale for direct-to-consumer transactions. Gift cards issued to customers by the Company are recorded as contract liabilities until they are redeemed, at which point revenue is recognized. During the year-ended March 31, 2023, the Company completed an assessment of its process for estimating revenue recognized for gift card balances not expected to be redeemed (“breakage”). Based on the assessment, which included analyzing historical gift card redemption data, the Company determined that substantially all of its gift cards are redeemed within 24 months of issuance, and after 24 months the likelihood of a gift card being redeemed is remote. Therefore, to the extent that it does not have a legal obligation to remit the value of such unredeemed gift cards to the relevant jurisdiction as unclaimed or abandoned property, the Company recognizes gift card breakage at that time when the likelihood of the gift card being redeemed is remote, which the Company has determined to be 24 months following its issuance. The Company offers customer loyalty programs in which customers earn points based on purchases and other promotional activities that can be redeemed for discounts on future purchases or other rewards. A contract liability is estimated based on the standalone selling price of benefits earned by customers through the programs and the related redemption experience under the programs. The value of each point earned is recorded as deferred revenue and is included within accrued expenses on the Consolidated Balance Sheets. Revenue from the Company's licensing arrangements is recognized over time during the period that licensees are provided access to the Company's trademarks and benefit from such access through their sales of licensed products. These arrangements require licensees to pay a sales-based royalty, which for most arrangements may be subject to a contractually guaranteed minimum royalty amount. Payments are generally due quarterly. The Company recognizes revenue for sales-based royalty arrangements (including those for which the royalty exceeds any contractually guaranteed minimum royalty amount) as licensed products are sold by the licensee. If a sales-based royalty is not ultimately expected to exceed a contractually guaranteed minimum royalty amount, the minimum is recognized as revenue over the contractual period, if all other criteria of revenue recognition have been met. This sales-based output measure of progress and pattern of recognition best represents the value transferred to the licensee over the term of the arrangement, as well as the amount of consideration that the Company is entitled to receive in exchange for providing access to its trademarks. Revenue from digital subscriptions is recognized on a gross basis and is recognized over the term of the subscription. The Company receives payments in advance of revenue recognition for subscriptions and these payments are recorded as contract liabilities in the Company's Consolidated Balance Sheets. Commissions related to subscription revenue are capitalized and recognized over the subscription period, which are included in selling, general and administrative expense in the Consolidated Statements of Operations. Revenue from digital advertising is recognized as the Company satisfies performance obligations pursuant to customer insertion orders. 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 negotiated arrangements 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 Sheets. At a minimum, the Company reviews and refines these estimates on a quarterly basis. 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 MMR platforms, as they have an original expected length of one year or less.
Shipping and Handling Costs	Shipping and Handling Costs The Company charges customers shipping and handling fees based on contractual terms, which 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.
Advertising Costs	Advertising Costs
Income Taxes	Income Taxes In accordance with ASC Topic 740 "Income Taxes," income taxes are accounted for under the asset and liability method. Deferred income tax assets and liabilities are established for temporary differences between the financial reporting basis and the tax basis of the Company's assets and liabilities at tax rates expected to be in effect when such assets or liabilities are realized or settled. Deferred income tax assets are reduced by valuation allowances when necessary. The Company has made the policy election to record any liability associated with Global Intangible Low Tax Income ("GILTI") in the period in which it is incurred. Income taxes include the largest amount of tax benefit for an uncertain tax position that is more likely than not to be sustained upon audit based on the technical merits of the tax position. Settlements with tax authorities, the expiration of statutes of limitations for particular tax positions or obtaining new information on particular tax positions may cause a change to the effective tax rate. The Company recognizes accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes line on the Consolidated Statements of Operations. Assessing whether deferred tax assets are realizable requires significant judgment. The Company considers all available positive and negative evidence, including historical operating performance and expectations of future operating performance. The ultimate realization of deferred tax assets is often dependent upon future taxable income and therefore can be uncertain. 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 made. Each reporting date, the Company considers new evidence, both positive and negative, that could affect its view of the future realization of deferred tax assets. As of March 31, 2024, for U.S. states and certain foreign taxing jurisdictions, the Company believes the weight of the negative evidence continues to outweigh the positive evidence regarding the realization of these deferred tax assets and have maintained a valuation allowance against these assets. The Company will continue to evaluate its ability to realize its net deferred tax assets on a quarterly basis.
Earnings per Share	Earnings per Share
Equity Method Investment	Equity Method Investment The Company has a common stock investment of 29.5% in its Japanese licensee. The Company accounts for its investment in its licensee under the equity method, given it has the ability to exercise significant influence, but not control, over the entity. The Company recorded its allocable share of its Japanese licensee's net income (loss) of $(0.3) million for Fiscal 2024, (Fiscal 2023: $(2.5) million; Fiscal 2021: $1.8 million; Transition Period: $0.9 million) within income (loss) from equity method investment on the Consolidated Statements of Operations and as an adjustment to the invested balance within other long term assets on the Consolidated Balance Sheets. As of March 31, 2024, there was no carrying value associated with the Company's investment in its Japanese licensee (March 31, 2023: $0.3 million). In connection with the license agreement with the Japanese licensee, the Company recorded license revenues of $34.8 million for Fiscal 2024 (Fiscal 2023: $36.8 million; Fiscal 2021: $42.4 million; Transition Period: $9.9 million). As of March 31, 2024, the Company had $13.9 million in licensing receivables outstanding, recorded in the prepaid expenses and other current assets line item within the Company's Consolidated Balance Sheets (March 31, 2023: $7.6 million). As part of the Company's acquisition of Triple Pte. Ltd., the Company assumed 49.5% of common stock ownership in UA Sports (Thailand) Co., Ltd. ("UA Sports Thailand"). The Company accounts for its investment in UA Sports Thailand under the equity method, given it has the ability to exercise significant influence, but not control, over UA Sports Thailand. For Fiscal 2024, the Company recorded the allocable share of UA Sports Thailand's net income (loss) of $0.3 million (Fiscal 2023: $0.8 million; Fiscal 2021: $(0.6) million; Transition Period: $(0.2) million) within income (loss) from equity method investment on the Consolidated Statements of Operations and as an adjustment to the invested balance within other long term assets on the Consolidated Balance Sheets. As of March 31, 2024, the carrying value of the Company's investment in UA Sports Thailand was $4.7 million (March 31, 2023: $5.9 million).
Stock-Based Compensation	Stock-Based Compensation The Company accounts for stock-based compensation in accordance with ASC Topic 718 "Compensation - Stock Compensation", which requires all stock-based compensation awards granted to be measured at fair value and recognized as an expense in the financial statements over the service period. In addition, this guidance requires that excess tax benefits related to stock-based compensation awards be reflected as operating cash flows. The Company uses the Black-Scholes option-pricing model to estimate the fair market value of stock option awards and grant date fair value for other awards. The Company uses the "simplified method" to estimate the expected life of options, as permitted by accounting guidance. The "simplified method" calculates the expected life of a stock option equal to the time from grant to the midpoint between the vesting date and contractual term, taking into account all vesting tranches. The risk free interest rate is based on the yield for the U.S. Treasury bill with a maturity equal to the expected life of the stock option. Expected volatility is based on the Company's historical average. Compensation expense is recognized net of forfeitures on a straight-line basis over the total vesting period, which is the implied requisite service period. Compensation expense for performance-based awards is recorded over the implied requisite service period when achievement of the performance target is deemed probable.
Fair Value of Financial Instruments	Fair Value of Financial Instruments 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.
Derivatives and Hedging Activities	Derivatives and Hedging Activities The Company uses derivative financial instruments in the form of foreign currency and interest rate swap contracts to minimize the risk associated with foreign currency exchange rate and interest rate fluctuations. The Company accounts for derivative financial instruments in accordance with ASC Topic 815 "Derivatives and Hedging". This guidance establishes accounting and reporting standards for derivative financial instruments and requires all derivatives to be recognized as either assets or liabilities on the balance sheet and to be measured at fair value. Unrealized derivative gain positions are recorded as other current assets or other long term assets, and unrealized derivative loss positions are recorded as other current liabilities or other long term liabilities, depending on the derivative financial instrument's maturity date. For contracts designated as cash flow hedges, changes in fair value are reported as other comprehensive income and are recognized in current earnings in the period or periods during which the hedged transaction affects current earnings. One of the criteria for this accounting treatment is the notional value of these derivative contracts should not be in excess of specifically identified anticipated transactions. By their very nature, the Company's estimates of the anticipated transactions may fluctuate over time and may ultimately vary from actual transactions. When anticipated transaction estimates or actual transaction amounts decline below hedged levels, or if it is no longer probable a forecasted transaction will occur by the end of the originally specified time period or within an additional two-month period of time, the Company is required to reclassify the cumulative change in fair value of the over-hedged portion of the related hedge contract from Other comprehensive income (loss) to Other expense, net during the period in which the decrease occurs. The Company does not enter into derivative financial instruments for speculative or trading purposes.
Foreign Currency Translation and Transactions	Foreign Currency Translation and Transactions The functional currency for each of the Company's wholly owned foreign subsidiaries is generally the applicable local currency. In accordance with ASC Topic 830 "Foreign Currency Matters", the translation of foreign currencies into U.S. dollars is performed for assets and liabilities using current foreign currency exchange rates in effect at the balance sheet date and for revenue and expense accounts using average foreign currency exchange rates during the period. Capital accounts are translated at historical foreign currency exchange rates. Translation gains and losses are included in stockholders' equity as a component of accumulated other comprehensive income. Adjustments that arise from foreign currency exchange rate changes on transactions, primarily driven by intercompany transactions, denominated in a currency other than the functional currency are included in other expense, net on the Consolidated Statements of Operations.
Recently Adopted Account Pronouncements and Recently Issued Accounting Pronouncements	Recently Adopted Account Pronouncements The Company assesses the applicability and impact of all Accounting Standard Updates ("ASUs") issued by the Financial Accounting Standards Board ("FASB"). The following ASU was adopted during Fiscal 2024. Supplier Finance Programs In September 2022, the FASB issued ASU 2022-04 "Liabilities - Supplier Finance Programs (Subtopic 405-50)" ("ASU 2022-04") which requires entities to disclose the key terms of supplier finance programs used in connection with the purchase of goods and services along with information about their obligations under these programs, including a rollforward of those obligations. The Company adopted ASU 2022-04 on April 1, 2023 on a retrospective basis, except for the amendments relating to the rollforward requirement, which was adopted on April 1, 2024 on a prospective basis. The adoption did not have a material impact on the Company's Consolidated Financial Statements. Refer to Note 8 of these Consolidated Financial Statements for a discussion of the Company's supply chain finance program. Recently Issued Accounting Pronouncements The Company assessed all recently issued ASUs and, other than those described below, determined them to be either not applicable or expected to have no material impact on its consolidated financial statements and related disclosures. In November 2023, the FASB issued ASU 2023-07 "Improvements to Reportable Segment Disclosures" ("ASU 2023-07"), which requires expanded disclosures about an entity’s reportable segments, including more enhanced information about a reportable segment’s expenses, interim segment profit or loss, and how an entity’s chief operating decision maker uses reported segment profit or loss information in assessing segment performance and allocating resources. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. ASU 2023-07 should be adopted on a retrospective basis. Early adoption is permitted. The Company is currently evaluating this ASU to determine the impact of adoption on its consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU 2023-09 "Improvements to Income Tax Disclosures" ("ASU 2023-09"), which requires expanded income tax disclosures primarily related to an entity's effective tax rate reconciliation and income taxes paid. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024 and should be adopted on a prospective basis. Early adoption is permitted. The Company is currently evaluating this ASU to determine the impact of adoption on its consolidated financial statements and related disclosures.

Description of Business and B_2

Description of Business and Basis of Presentation (Tables)	12 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Error Corrections and Prior Period Adjustments	Consolidated Balance Sheet As of March 31, 2023 (In thousands) As Previously Reported Adjustments As Revised Assets Current assets Cash and cash equivalents $ 711,910 $ (981) (3) $ 710,929 Accounts receivable, net 759,860 (1,296) (1)(3) 758,564 Inventories 1,190,253 (4,596) (2)(4) 1,185,657 Prepaid expenses and other current assets, net 297,563 (4,229) (3)(4)(5) 293,334 Total current assets 2,959,586 (11,102) 2,948,484 Property and equipment, net 672,736 (27,902) (3)(5) 644,834 Operating lease right-of-use assets 489,306 — 489,306 Goodwill 481,992 — 481,992 Intangible assets, net 8,940 — 8,940 Deferred income taxes 186,167 741 (4) 186,908 Other long-term assets 58,356 8,733 (3)(5) 67,089 Total assets $ 4,857,083 $ (29,530) $ 4,827,553 Liabilities and Stockholders' Equity Current liabilities Accounts payable 649,116 (630) (3) 648,486 Accrued expenses 354,643 11,887 (1)(3) 366,530 Customer refund liabilities 160,533 — 160,533 Operating lease liabilities 140,990 — 140,990 Other current liabilities 51,609 (8,865) (3)(4) 42,744 Total current liabilities 1,356,891 2,392 1,359,283 Long-term debt, net of current maturities 674,478 — 674,478 Operating lease liabilities, non-current 705,713 — 705,713 Other long-term liabilities 121,598 334 (3)(4) 121,932 Total liabilities 2,858,680 2,726 2,861,406 Total stockholders' equity 1,998,403 (32,256) 1,966,147 Total liabilities and stockholders' equity $ 4,857,083 $ (29,530) $ 4,827,553 Consolidated Statements of Operations Year Ended March 31, 2023 Three Months Ended March 31, 2022 Year Ended December 31, 2021 (In thousands, except per share amounts) As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised Net revenues $ 5,903,636 $ (471) (1) $ 5,903,165 $ 1,300,945 $ (152) (1) $ 1,300,793 $ 5,683,466 $ (874) (1) $ 5,682,592 Cost of goods sold 3,254,296 5,038 (2) 3,259,334 695,781 616 (2) 696,397 2,821,967 — 2,821,967 Gross profit 2,649,340 (5,509) 2,643,831 605,164 (768) 604,396 2,861,499 (874) 2,860,625 Selling, general and administrative expenses 2,365,529 14,716 (3) 2,380,245 594,446 2,712 (3) 597,158 2,334,691 10,168 (3) 2,344,859 Restructuring and impairment charges — — — 56,674 — 56,674 40,518 — 40,518 Income (loss) from operations 283,811 (20,225) 263,586 (45,956) (3,480) (49,436) 486,290 (11,042) 475,248 Interest income (expense), net (12,826) — (12,826) (6,154) — (6,154) (44,300) — (44,300) Other income (expense), net 16,780 316 (4) 17,096 (51) (56) (4) (107) (51,113) 104 (4) (51,009) Income (loss) before income taxes 287,765 (19,909) 267,856 (52,161) (3,536) (55,697) 390,877 (10,938) 379,939 Income tax expense (benefit) (101,046) (7,599) (4) (108,645) 8,181 — 8,181 32,072 (1,881) (4) 30,191 Income (loss) from equity method investments (2,042) — (2,042) 732 — 732 1,255 — 1,255 Net income (loss) $ 386,769 $ (12,310) $ 374,459 $ (59,610) $ (3,536) $ (63,146) $ 360,060 $ (9,057) $ 351,003 Basic net income (loss) per share $ 0.86 $ (0.03) $ 0.83 $ (0.13) $ — $ (0.13) $ 0.77 $ (0.02) $ 0.75 Diluted net income (loss) per share $ 0.84 $ (0.03) $ 0.81 $ (0.13) $ — $ (0.13) $ 0.77 $ (0.02) $ 0.75 Consolidated Statements of Comprehensive Income (Loss) Year Ended March 31, 2023 Three Months Ended March 31, 2022 Year Ended December 31, 2021 (In thousands) As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised Net income (loss) $ 386,769 $ (12,310) $ 374,459 $ (59,610) $ (3,536) $ (63,146) $ 360,060 $ (9,057) $ 351,003 Comprehensive income (loss) $ 359,013 $ (12,310) $ 346,703 $ (52,086) $ (3,536) $ (55,622) $ 371,635 $ (9,057) $ 362,578 Consolidated Statements of Stockholders' Equity As Previously Reported Adjustments As Revised (In thousands) Retained Earnings Total Equity Retained Earnings Total Equity Retained Earnings Total Equity Balance as of December 31, 2020 $ 673,855 $ 1,675,993 $ (7,353) $ (7,353) $ 666,502 $ 1,668,640 Comprehensive income (loss) 360,060 371,635 (9,057) (9,057) 351,003 362,578 Balance as of December 31, 2021 $ 1,027,833 $ 2,088,994 $ (16,410) $ (16,410) $ 1,011,423 $ 2,072,584 Comprehensive income (loss) (59,610) (52,086) (3,536) (3,536) (63,146) (55,622) Balance as of March 31, 2022 $ 721,926 $ 1,728,954 $ (19,946) $ (19,946) $ 701,980 $ 1,709,008 Comprehensive income (loss) 386,769 359,013 (12,310) (12,310) 374,459 346,703 Balance as of March 31, 2023 $ 929,562 $ 1,998,403 $ (32,256) $ (32,256) $ 897,306 $ 1,966,147 Consolidated Statements of Cash Flows Year Ended March 31, 2023 Three Months Ended March 31, 2022 Year Ended December 31, 2021 (In thousands) As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised Cash flows from operating activities Net income (loss) $ 386,769 $ (12,310) $ 374,459 $ (59,610) $ (3,536) $ (63,146) $ 360,060 $ (9,057) $ 351,003 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities Depreciation and amortization 137,620 (2,164) (3)(5) 135,456 34,960 (54) (3)(5) 34,906 141,144 (118) (3)(5) 141,026 Loss on disposal of property and equipment 2,619 (3) (3) 2,616 1,604 — 1,604 4,468 1,302 (3) 5,770 Deferred income taxes (152,403) (740) (4) (153,143) (2,500) — (2,500) (2,642) — (2,642) Changes in operating assets and liabilities: Accounts receivable (62,162) 1,252 (1)(3) (60,910) (131,988) (474) (1)(3) (132,462) (31,153) 518 (1)(3) (30,635) Inventories (373,714) 4,722 (2)(4) (368,992) (6,425) 672 (2)(4) (5,753) 93,287 (103) (2)(4) 93,184 Prepaid expenses and other assets (36,652) (1,255) (3)(4)(5) (37,907) (4,326) 789 (3)(4)(5) (3,537) 10,224 (192) (3)(4)(5) 10,032 Other non-current assets (52,795) (8,149) (3)(5) (60,944) 27,628 (532) (3)(5) 27,096 79,782 (188) (3)(5) 79,594 Accounts payable 77,558 (1,278) (3) 76,280 (54,970) (93) (3) (55,063) 26,027 — 26,027 Accrued expenses and other liabilities 12,081 (21,469) (1)(3) (9,388) (122,589) 596 (1)(3) (121,993) (114,794) 5,517 (1)(3) (109,277) Income taxes payable and receivable 6,119 11,422 (4) 17,541 4,564 — 4,564 (1,973) (1,943) (4) (3,916) Net cash provided by (used in) operating activities $ (9,914) $ (29,972) $ (39,886) $ (321,443) $ (2,632) $ (324,075) $ 664,829 $ (4,264) $ 660,565 Cash flows from investing activities Purchases of property and equipment (187,796) 29,730 (5) (158,066) (39,923) 2,430 (5) (37,493) (69,759) 3,727 (5) (66,032) Net cash provided by (used in) investing activities $ (152,796) $ 29,730 $ (123,066) $ (39,923) $ 2,430 $ (37,493) $ (68,346) $ 3,727 $ (64,619) Net increase (decrease) in cash, cash equivalents and restricted cash (294,400) (242) (294,642) (660,744) (202) (660,946) 154,355 (537) 153,818 Cash, cash equivalents and restricted cash Beginning of period $ 1,022,126 $ (739) $ 1,021,387 $ 1,682,870 $ (537) $ 1,682,333 $ 1,528,515 $ — $ 1,528,515 End of period $ 727,726 $ (981) $ 726,745 $ 1,022,126 $ (739) $ 1,021,387 $ 1,682,870 $ (537) $ 1,682,333 Condensed Consolidated Statements of Operations Three Months Ended (in thousands) June 30, 2023 September 30, 2023 December 31, 2023 March 31, 2024 Net revenues $ 1,316,965 $ 1,566,674 $ 1,486,043 $ 1,332,197 Cost of goods sold 705,470 818,151 815,404 732,601 Gross profit 611,495 748,523 670,639 599,596 Selling, general and administrative expenses 589,072 609,050 599,230 603,150 Income (loss) from operations 22,423 139,473 71,409 (3,554) Interest income (expense), net (1,626) (373) (211) 2,478 Other income (expense), net (6,060) (6,104) 47,927 (3,708) Income (loss) before income taxes 14,737 132,996 119,125 (4,784) Income tax expense (benefit) 4,328 28,436 8,569 (11,327) Income (loss) from equity method investments (399) 151 197 25 Net income (loss) $ 10,010 $ 104,711 $ 110,753 $ 6,568 Basic net income per share of Class A, B and C common stock $ 0.02 $ 0.24 $ 0.25 $ 0.02 Diluted net income per share of Class A, B and C common stock $ 0.02 $ 0.23 $ 0.25 $ 0.02 Three Months Ended (in thousands) June 30, 2022 September 30, 2022 December 31, 2022 March 31, 2023 Net revenues $ 1,348,777 $ 1,574,296 $ 1,581,487 $ 1,398,605 Cost of goods sold 720,860 860,799 884,563 793,112 Gross profit 627,917 713,497 696,924 605,493 Selling, general and administrative expenses 599,286 597,595 607,433 575,931 Income (loss) from operations 28,631 115,902 89,491 29,562 Interest income (expense), net (6,005) (3,555) (1,615) (1,651) Other income (expense), net (14,241) (5,771) 42,848 (5,740) Income (loss) before income taxes 8,385 106,576 130,724 22,171 Income tax expense (benefit) 4,637 21,489 17,726 (152,497) Income (loss) from equity method investments (898) (908) 72 (308) Net income (loss) $ 2,850 $ 84,179 $ 113,070 $ 174,360 Basic net income per share of Class A, B and C common stock $ 0.01 $ 0.19 $ 0.25 $ 0.39 Diluted net income per share of Class A, B and C common stock $ 0.01 $ 0.18 $ 0.25 $ 0.38 The following table sets forth the Company’s revisions to the condensed statements of operations for each of the first three quarters in the fiscal year ended March 31, 2024 and each of the quarters in the fiscal year ended March 31, 2023. Fiscal 2024 Three Months Ended June 30, 2023 Three Months Ended September 30, 2023 Three Months Ended December 31, 2023 (in thousands) As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised Net revenues $ 1,317,012 $ (47) $ 1,316,965 $ 1,566,710 $ (36) $ 1,566,674 $ 1,486,095 $ (52) $ 1,486,043 Cost of goods sold 709,276 (3,806) 705,470 814,715 3,436 818,151 814,914 490 815,404 Gross profit 607,736 3,759 611,495 751,995 (3,472) 748,523 671,181 (542) 670,639 Selling, general and administrative expenses 586,806 2,266 589,072 606,236 2,814 609,050 601,661 (2,431) 599,230 Income (loss) from operations 20,930 1,493 22,423 145,759 (6,286) 139,473 69,520 1,889 71,409 Interest income (expense), net (1,626) — (1,626) (373) — (373) (211) — (211) Other income (expense), net (6,385) 325 (6,060) (6,429) 325 (6,104) 49,636 (1,709) 47,927 Income (loss) before income taxes 12,919 1,818 14,737 138,957 (5,961) 132,996 118,945 180 119,125 Income tax expense (benefit) 3,971 357 4,328 29,494 (1,058) 28,436 4,999 3,570 8,569 Income (loss) from equity method investments (399) — (399) 151 — 151 197 — 197 Net income (loss) $ 8,549 $ 1,461 $ 10,010 $ 109,614 $ (4,903) $ 104,711 $ 114,143 $ (3,390) $ 110,753 Basic net income (loss) per share $ 0.02 $ — $ 0.02 $ 0.25 $ (0.01) $ 0.24 $ 0.26 $ (0.01) $ 0.25 Diluted net income (loss) per share $ 0.02 $ — $ 0.02 $ 0.24 $ (0.01) $ 0.23 $ 0.26 $ (0.01) $ 0.25 Fiscal 2023 Three Months Ended June 30, 2022 Three Months Ended September 30, 2022 Three Months Ended December 31, 2022 Three Months Ended March 31, 2023 (in thousands) As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised Net revenues $ 1,349,057 $ (280) $ 1,348,777 $ 1,573,885 $ 411 $ 1,574,296 $ 1,581,781 $ (294) $ 1,581,487 $ 1,398,913 $ (308) $ 1,398,605 Cost of goods sold 718,860 2,000 720,860 860,051 748 860,799 883,376 1,187 884,563 792,009 1,103 793,112 Gross profit 630,197 (2,280) 627,917 713,834 (337) 713,497 698,405 (1,481) 696,924 606,904 (1,411) 605,493 Selling, general and administrative expenses 595,714 3,572 599,286 594,424 3,171 597,595 603,746 3,687 607,433 571,645 4,286 575,931 Income (loss) from operations 34,483 (5,852) 28,631 119,410 (3,508) 115,902 94,659 (5,168) 89,491 35,259 (5,697) 29,562 Interest income (expense), net (6,005) — (6,005) (3,555) — (3,555) (1,615) — (1,615) (1,651) — (1,651) Other income (expense), net (14,241) — (14,241) (5,771) — (5,771) 47,312 (4,464) 42,848 (10,520) 4,780 (5,740) Income (loss) before income taxes 14,237 (5,852) 8,385 110,084 (3,508) 106,576 140,356 (9,632) 130,724 23,088 (917) 22,171 Income tax expense (benefit) 5,657 (1,020) 4,637 22,251 (762) 21,489 18,811 (1,085) 17,726 (147,765) (4,732) (152,497) Income (loss) from equity method investments (898) — (898) (908) — (908) 72 — 72 (308) — (308) Net income (loss) $ 7,682 $ (4,832) $ 2,850 $ 86,925 $ (2,746) $ 84,179 $ 121,617 $ (8,547) $ 113,070 $ 170,545 $ 3,815 $ 174,360 Basic net income (loss) per share $ 0.02 $ (0.01) $ 0.01 $ 0.19 $ — $ 0.19 $ 0.27 $ (0.02) $ 0.25 $ 0.38 $ 0.01 $ 0.39 Diluted net income (loss) per share $ 0.02 $ (0.01) $ 0.01 $ 0.19 $ (0.01) $ 0.18 $ 0.27 $ (0.02) $ 0.25 $ 0.38 $ — $ 0.38

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
Schedule of Property, Plant and Equipment	Property and equipment is depreciated using the straight-line method over the estimated useful lives of the assets, as follows: Years Furniture, fixtures and displays, office equipment, software and plant equipment (1) 3 to 10 Site improvements, buildings and building equipment 10 to 35 Leasehold and tenant improvements Shorter of the remaining lease term or related asset life (1) The cost of in-store apparel and footwear fixtures and displays are capitalized as part of "furniture, fixtures and displays", and depreciated over three years. Property and equipment consisted of the following: As of March 31, 2024 As of March 31, 2023 Leasehold and tenant improvements $ 495,181 $ 462,721 Furniture, fixtures and displays 301,897 289,539 Buildings 68,230 48,632 Software 350,811 342,017 Office equipment 139,223 132,301 Plant equipment 178,316 178,194 Land 82,410 83,626 Construction in progress (1) 175,960 138,069 Other 28,910 21,613 Subtotal property and equipment 1,820,938 1,696,712 Accumulated depreciation (1,156,435) (1,051,878) Property and equipment, net $ 664,503 $ 644,834 (1) Construction in progress primarily includes costs incurred for construction of corporate offices, leasehold improvements and in-store fixtures and displays not yet placed in use.
Schedule of Accrued Expenses	Accrued expenses consisted of the following: As of March 31, 2024 As of March 31, 2023 Accrued compensation and benefits $ 68,149 $ 66,742 Accrued marketing 35,233 38,096 Accrued royalties 12,579 25,415 Accrued taxes 22,162 26,297 Forward currency contract liabilities 18,242 28,067 Other 131,488 181,913 Total Accrued Expenses $ 287,853 $ 366,530

Allowance For Doubtful Accoun_2

Allowance For Doubtful Accounts (Tables)	12 Months Ended
	Mar. 31, 2024
Credit Loss [Abstract]
Schedule of Financing Receivable, Allowance for Credit Loss	The following table illustrates the activity in the Company's allowance for doubtful accounts: Allowance for doubtful accounts - within accounts receivable, net Allowance for doubtful accounts - within prepaid expenses and other current assets (1) Balance as of March 31, 2022 $ 7,113 $ 7,029 Increases to costs and expenses 5,193 — Write-offs, net of recoveries (1,493) (6,802) Balance as of March 31, 2023 $ 10,813 $ 227 Increases to costs and expenses 6,061 — Write-offs, net of recoveries (1,880) — Balance as of March 31, 2024 $ 14,994 $ 227 (1) Includes an allowance pertaining to a royalty receivable.

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Mar. 31, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property and equipment is depreciated using the straight-line method over the estimated useful lives of the assets, as follows: Years Furniture, fixtures and displays, office equipment, software and plant equipment (1) 3 to 10 Site improvements, buildings and building equipment 10 to 35 Leasehold and tenant improvements Shorter of the remaining lease term or related asset life (1) The cost of in-store apparel and footwear fixtures and displays are capitalized as part of "furniture, fixtures and displays", and depreciated over three years. Property and equipment consisted of the following: As of March 31, 2024 As of March 31, 2023 Leasehold and tenant improvements $ 495,181 $ 462,721 Furniture, fixtures and displays 301,897 289,539 Buildings 68,230 48,632 Software 350,811 342,017 Office equipment 139,223 132,301 Plant equipment 178,316 178,194 Land 82,410 83,626 Construction in progress (1) 175,960 138,069 Other 28,910 21,613 Subtotal property and equipment 1,820,938 1,696,712 Accumulated depreciation (1,156,435) (1,051,878) Property and equipment, net $ 664,503 $ 644,834 (1) Construction in progress primarily includes costs incurred for construction of corporate offices, leasehold improvements and in-store fixtures and displays not yet placed in use.

Leases (Tables)

Leases (Tables)	12 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Schedule of Lease Costs	The following table illustrates operating and variable lease costs, included in selling, general and administrative expenses and certain costs relating to lease assets held solely for sublet purposes, included in other income (expense), net within the Company's Consolidated Statement of Operations, for the periods indicated: Year Ended Year Ended Three Months Ended Year Ended December 31, 2021 Operating lease costs $ 151,035 $ 141,025 $ 36,699 $ 142,965 Variable lease costs $ 82,389 $ 78,529 $ 19,150 $ 67,427 The weighted average remaining lease term and discount rate for the periods indicated below were as follows: As of March 31, 2024 As of March 31, 2023 Weighted average remaining lease term (in years) 7.62 8.03 Weighted average discount rate 4.95 % 4.69 % Supplemental Cash Flow Information The following table presents supplemental information relating to cash flow arising from lease transactions: Year Ended Year Ended Three Months Ended Year Ended December 31, 2021 Operating cash outflows from operating leases $ 180,319 $ 167,774 $ 43,903 $ 177,391 Leased assets obtained in exchange for new operating lease liabilities $ 57,962 $ 181,080 $ (892) $ 28,244
Schedule of Operating Lease Liability Maturity	The following table presents the future minimum lease payments under the Company's operating lease liabilities as of March 31, 2024: Fiscal year ending March 31, 2025 $ 172,483 2026 143,651 2027 120,568 2028 102,301 2029 68,483 2030 and thereafter 309,830 Total lease payments $ 917,316 Less: Interest 150,320 Total present value of lease liabilities $ 766,996

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The following table summarizes changes in the carrying amount of the Company's goodwill by reportable segment as of the periods indicated: North America EMEA Asia-Pacific Latin America Total Balance as of March 31, 2022 $ 301,371 $ 105,053 $ 85,084 $ — $ 491,508 Effect of currency translation adjustment — (3,957) (5,559) — (9,516) Balance as of March 31, 2023 $ 301,371 $ 101,096 $ 79,525 $ — $ 481,992 Effect of currency translation adjustment — 862 (4,552) — (3,690) Balance as of March 31, 2024 $ 301,371 $ 101,958 $ 74,973 $ — $ 478,302

Intangible Assets, Net (Tables)

Intangible Assets, Net (Tables)	12 Months Ended
	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	The following tables summarize the Company's intangible assets as of the periods indicated: Useful Lives from Date of Acquisitions (in years) As of March 31, 2024 Gross Carrying Accumulated Net Carrying Intangible assets subject to amortization: Customer relationships 2-6 $ 8,609 $ (5,708) $ 2,901 Lease-related intangible assets 1-15 1,756 (1,677) 79 Total $ 10,365 $ (7,385) $ 2,980 Indefinite-lived intangible assets (1) 4,020 Intangible assets, net $ 7,000 (1) During Fiscal 2024, the Company recorded an impairment charge of $0.6 million within selling, general and administrative expenses and as a reduction to indefinite-lived intangible asset. Useful Lives from Date of Acquisitions (in years) As of March 31, 2023 Gross Carrying Accumulated Net Carrying Intangible assets subject to amortization: Technology 5-7 $ 2,536 $ (2,503) $ 33 Customer relationships 2-6 8,711 (4,377) 4,334 Lease-related intangible assets 1-15 1,664 (1,542) 122 Total $ 12,911 $ (8,422) $ 4,489 Indefinite-lived intangible assets 4,451 Intangible assets, net $ 8,940
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The following is the estimated future amortization expense for the Company's intangible assets as of March 31, 2024: Fiscal year ending March 31, 2025 $ 1,549 2026 1,422 2027 9 2028 — 2029 — 2030 and thereafter — Total amortization expense of intangible assets $ 2,980

Credit Facility and Other Lon_2

Credit Facility and Other Long Term Debt (Tables)	12 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
Schedule of Components of Outstanding Debt	The Company's outstanding debt consisted of the following: As of As of 1.50% Convertible Senior Notes due 2024 $ 80,919 $ 80,919 3.25% Senior Notes due 2026 600,000 600,000 Total principal payments due 680,919 680,919 Unamortized debt discount on Senior Notes (560) (814) Unamortized debt issuance costs - Convertible Senior Notes (16) (267) Unamortized debt issuance costs - Senior Notes (1,189) (1,728) Unamortized debt issuance costs - Credit facility (3,362) (3,632) Total amount outstanding 675,792 674,478 Less: Current portion of long-term debt: 1.50% Convertible Senior Notes due 2024 80,919 — Non-current portion of long-term debt $ 594,873 $ 674,478
Schedule of Maturities of Long-term Debt	The following are the scheduled maturities of long-term debt as of March 31, 2024: Fiscal year ending March 31, 2025 $ 80,919 2026 — 2027 600,000 2028 — 2029 — 2030 and thereafter — Total scheduled maturities of long-term debt $ 680,919 Current maturities of long-term debt $ 80,919

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Payments Under Sponsorship and Other Marketing Agreements	The following is a schedule of the Company’s future minimum payments under its sponsorship and other marketing agreements as of March 31, 2024: Fiscal year ending March 31, 2025 $ 151,851 2026 62,269 2027 38,279 2028 32,814 2029 30,338 2030 and thereafter 116,156 Total future minimum sponsorship and other payments $ 431,707

Revenues (Tables)

Revenues (Tables)	12 Months Ended
	Mar. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Net Revenues by Product Category	The following tables summarize the Company's net revenues by product category and distribution channels: Year Ended Year Ended Three Months Ended Year Ended December 31, 2021 Apparel $ 3,789,016 $ 3,871,167 $ 876,452 $ 3,840,375 Footwear 1,383,610 1,455,265 296,696 1,264,127 Accessories 405,715 408,521 96,803 461,894 Net Sales 5,578,341 5,734,953 1,269,951 5,566,396 License revenues 111,241 116,746 26,602 112,623 Corporate Other 12,297 51,466 4,240 3,573 Total net revenues $ 5,701,879 $ 5,903,165 $ 1,300,793 $ 5,682,592 Year Ended Year Ended Three Months Ended Year Ended December 31, 2021 Wholesale $ 3,243,187 $ 3,468,126 $ 829,179 $ 3,245,749 Direct-to-consumer 2,335,154 2,266,827 440,772 2,320,647 Net Sales 5,578,341 5,734,953 1,269,951 5,566,396 License revenues 111,241 116,746 26,602 112,623 Corporate Other 12,297 51,466 4,240 3,573 Total net revenues $ 5,701,879 $ 5,903,165 $ 1,300,793 $ 5,682,592
Schedule of Customer Refund Liability and Inventory Associated with the Reserves	The following table presents the customer refund liability, as well as the associated value of inventory for the periods indicated: As of As of Customer refund liability $ 139,283 $ 160,533 Inventory associated with reserves for sales returns $ 29,514 $ 40,661

Stock Based Compensation (Table

Stock Based Compensation (Tables)	12 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Share-based Payment Arrangement, Option, Activity	A summary of the Company's stock options activity for the year ended March 31, 2024 is presented below: Number of Stock Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Total Intrinsic Value Outstanding at March 31, 2023 1,578 $ 19.44 4.82 $ — Granted, at fair market value — — — — Exercised — — — — Forfeited — — — — Outstanding at March 31, 2024 1,578 $ 19.44 3.82 $ — Options exercisable at March 31, 2024 1,578 $ 19.44 3.82 $ —
Schedule of Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity	A summary of the Company's restricted stock and restricted stock unit awards activity for the year ended March 31, 2024 is presented below: Number of Restricted Shares Weighted Average Grant Date Fair Value Outstanding at March 31, 2023 7,658 $ 13.01 Granted 18,607 7.71 Forfeited (3,179) 10.15 Vested (2,310) 14.48 Outstanding at March 31, 2024 20,776 $ 8.58

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Financial Assets and (Liabilities) Measured at Fair Value	The Company's financial assets (liabilities) measured at fair value on a recurring basis consisted of the following types of instruments as of the following periods: March 31, 2024 March 31, 2023 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Derivative foreign currency contracts (see Note 16) $ — $ (4,643) $ — $ — $ (3,127) $ — TOLI policies held by the Rabbi Trust (see Note 13) $ — $ 9,105 $ — $ — $ 7,691 $ — Deferred Compensation Plan obligations (see Note 13) $ — $ (16,151) $ — $ — $ (14,082) $ —

Risk Management and Derivativ_2

Risk Management and Derivatives (Tables)	12 Months Ended
	Mar. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivatives Balance Sheet Location	The following table presents the fair values of derivative instruments within the Consolidated Balance Sheets. Refer to Note 15 of these Consolidated Financial Statements for a discussion of the fair value measurements. Balance Sheet Classification March 31, 2024 March 31, 2023 Derivatives designated as hedging instruments under ASC 815 Foreign currency contracts Other current assets $ 10,477 $ 22,473 Foreign currency contracts Other long-term assets 2,760 619 Total derivative assets designated as hedging instruments $ 13,237 $ 23,092 Foreign currency contracts Other current liabilities $ 17,761 $ 21,622 Foreign currency contracts Other long-term liabilities 1,171 5,769 Total derivative liabilities designated as hedging instruments $ 18,932 $ 27,391 Derivatives not designated as hedging instruments under ASC 815 Foreign currency contracts Other current assets $ 559 $ 3,408 Total derivative assets not designated as hedging instruments $ 559 $ 3,408 Foreign currency contracts Other current liabilities $ 600 $ 6,563 Foreign currency contracts Other long-term liabilities — 4 Total derivative liabilities not designated as hedging instruments $ 600 $ 6,567
Schedule of Effects of Cash Flow Hedges	The following table presents the amounts in the Consolidated Statement of Operations in which the effects of cash flow hedges are recorded and the effects of cash flow hedge activity on these line items: Year Ended Year Ended Three Months Ended March 31, 2022 (Transition Period) Year Ended 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 $ 5,701,879 $ 7,652 $ 5,903,165 $ 44,492 $ 1,300,793 $ 2,049 $ 5,682,592 $ (6,410) Cost of goods sold $ 3,071,626 $ (4,355) $ 3,259,334 $ 2,016 $ 696,397 $ (2,903) $ 2,821,967 $ (11,825) Interest income (expense), net $ 268 $ (36) $ (12,826) $ (37) $ (6,154) $ (9) $ (44,300) $ (37) Other income (expense), net $ 32,055 $ — $ 17,096 $ — $ (107) $ — $ (51,009) $ —
Schedule of Cash Flows in AOCI	The following tables present the amounts affecting the Consolidated Statements of Comprehensive Income (Loss): 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 March 31, 2024 Derivatives designated as cash flow hedges Foreign currency contracts $ (4,764) $ (2,584) $ 3,297 $ (10,645) Interest rate swaps (458) — (36) (422) Total designated as cash flow hedges $ (5,222) $ (2,584) $ 3,261 $ (11,067) 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 $ 41 $ 41,703 $ 46,508 $ (4,764) Interest rate swaps (495) — (37) (458) Total designated as cash flow hedges $ (454) $ 41,703 $ 46,471 $ (5,222) 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 $ (1,617) $ 804 $ (854) $ 41 Interest rate swaps (504) — (9) (495) Total designated as cash flow hedges $ (2,121) $ 804 $ (863) $ (454) 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 $ (25,908) $ 6,056 $ (18,235) $ (1,617) Interest rate swaps (541) — (37) (504) Total designated as cash flow hedges $ (26,449) $ 6,056 $ (18,272) $ (2,121)
Schedule of Fair Value Hedging Activity	The following table presents the amounts in the Consolidated Statement of Operations in which the effects of undesignated derivative instruments are recorded and the effects of fair value hedge activity on these line items: Year Ended Year Ended Three Months Ended March 31, 2022 Year Ended 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 income (expense), net $ 32,055 $ 355 $ 17,096 $ (7,200) $ (107) $ 4,481 $ (51,009) $ (8,502)

Provision for Income Taxes (Tab

Provision for Income Taxes (Tables)	12 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign	Income (loss) before income taxes is as follows: (In thousands) Year Ended Year Ended Three Months Ended Year Ended December 31, 2021 Income (loss) before income taxes United States $ (17,201) $ 7,424 $ (92,270) $ 180,160 Foreign 279,275 260,432 36,573 199,779 Total $ 262,074 $ 267,856 $ (55,697) $ 379,939
Schedule of Components of Income Tax Expense (Benefit)	The components of the income tax expense (benefit) consisted of the following: (In thousands) Year Ended Year Ended Three Months Ended Year Ended December 31, 2021 Current Federal $ 19,909 $ 11,529 $ 331 $ (4,366) State 4,062 3,771 99 864 Foreign 29,728 29,198 10,251 36,335 53,699 44,498 10,681 32,833 Deferred Federal (22,361) (160,017) 159 5,148 State 90 215 (4) (3,645) Foreign (1,422) 6,659 (2,655) (4,145) (23,693) (153,143) (2,500) (2,642) Income tax expense (benefit) $ 30,006 $ (108,645) $ 8,181 $ 30,191
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation from the U.S. statutory federal income tax rate to the effective income tax rate is as follows: Year Ended Year Ended Three Months Ended Year Ended U.S. federal statutory income tax rate $ 55,036 21.0 % $ 56,250 21.0 % $ (11,696) 21.0 % $ 79,789 21.0 % State taxes, net of federal tax impact 3,342 1.3 % 7,754 2.8 % (5,489) 9.9 % 22,960 6.0 % Effect of foreign earnings (9,684) (3.7) % (5,238) (2.0) % 140 (0.3) % (10,328) (2.7) % Permanent tax (benefits)/nondeductible expenses (11,623) (4.4) % (9,425) (3.5) % (884) 1.6 % (12,374) (3.3) % Impact of divestitures — — % — — % (552) 1.0 % 7,317 1.9 % Unrecognized tax benefits 7,781 3.0 % 11,654 4.4 % 750 (1.3) % 9,844 2.6 % International intangible asset (113,688) (43.6) % — — % — — % — — % Valuation allowance 102,669 39.2 % (169,566) (63.3) % 26,623 (47.8) % (62,823) (16.5) % Federal R&D credit (3,000) (1.1) % (3,000) (1.1) % (1,000) 1.8 % (4,000) (1.1) % Other (827) (0.3) % 2,926 1.1 % 289 (0.6) % (194) — % Effective income tax rate $ 30,006 11.4 % $ (108,645) (40.6) % $ 8,181 (14.7) % $ 30,191 7.9 %
Schedule of Deferred Tax Assets and Liabilities	Deferred tax assets and liabilities consisted of the following: (In thousands) March 31, 2024 March 31, 2023 Deferred tax assets Operating lease liabilities $ 187,289 $ 213,381 Intangible assets 134,357 22,923 Reserves and accrued liabilities 60,843 44,957 Capitalized research expenditures 57,348 35,539 Foreign net operating loss carry-forwards 37,951 33,492 U.S. federal and state capital loss 32,473 45,099 Inventory 22,609 33,768 Deductions limited by income 13,119 5,957 U.S. state net operating loss 12,900 15,287 Stock-based compensation 10,379 8,076 Foreign tax credits 10,257 9,522 Allowance for doubtful accounts and sales return reserves 8,739 13,112 Property and equipment 5,042 — U.S. tax credits 4,409 4,567 Convertible debt instruments 122 725 Other 8,383 8,674 Total deferred tax assets 606,220 495,079 Less: valuation allowance (274,829) (177,026) Total net deferred tax assets $ 331,391 $ 318,053 Deferred tax liabilities Right-of-use asset $ (104,665) $ (122,286) Prepaid expenses (2,978) (4,875) Property and equipment — (3,415) Other (3,796) (1,888) Total deferred tax liabilities (111,439) (132,464) Total deferred tax assets, net $ 219,952 $ 185,589
Schedule of Unrecognized Tax Benefits Roll Forward	The following table represents a reconciliation of the Company's total unrecognized tax benefits balances, excluding interest and penalties. (In thousands) Year Ended Year Ended Three Months Ended Year Ended December 31, 2021 Beginning of period $ 61,945 $ 52,867 $ 52,150 $ 43,308 Increases as a result of tax positions taken in a prior period 5,909 4,987 159 6,713 Decreases as a result of tax positions taken in a prior period (2,921) (598) (37) (332) Increases as a result of tax positions taken during the current period 855 4,689 595 2,461 Reductions as a result of a lapse of limitations during the current period (856) — — — End of period $ 64,932 $ 61,945 $ 52,867 $ 52,150

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
Schedule of Reconciliation of Basic Earnings per Share to Diluted Earnings per Share	The following represents a reconciliation from basic net income (loss) per share to diluted net income (loss) per share: Year Ended March 31, 2024 Year Ended March 31, 2023 Three Months Ended Year Ended December 31, 2021 (1) Numerator Net income (loss) - Basic $ 232,042 $ 374,459 $ (63,146) $ 351,003 Interest on Convertible Senior Notes due 2024, net of tax (2) 901 899 — — Net income (loss) - Diluted $ 232,943 $ 375,358 $ (63,146) $ 351,003 Denominator Weighted average common shares outstanding Class A, B and C - Basic 440,324 451,426 471,425 465,504 Dilutive effect of Class A, B, and C securities (2) 2,445 1,841 — 3,035 Dilutive effect of Convertible Senior Notes due 2024 (2) 8,242 8,242 — 105 Weighted average common shares and dilutive securities outstanding Class A, B, and C 451,011 461,509 471,425 468,644 Class A and Class C securities excluded as anti-dilutive (3) 15,076 6,989 6,539 1,578 Basic net income (loss) per share of Class A, B and C common stock $ 0.53 $ 0.83 $ (0.13) $ 0.75 Diluted net income (loss) per share of Class A, B and C common stock $ 0.52 $ 0.81 $ (0.13) $ 0.75 (1) The Company adopted Accounting Standard Update No. 2020-06 "Debt - Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging - Contracts in Entity's Own Equity (Subtopic 815-40)" (ASU 2020-06) on January 1, 2022 using the modified retrospective transition approach. As a result, prior period comparatives have not been restated to conform to current period presentation. (2) Effects of potentially dilutive securities are presented only in periods in which they are dilutive. No stock options, restricted stock units, or effects from the Convertible Senior Notes due 2024 are included in the computation of diluted earnings per share during periods when the Company is in the net loss position, as their effect would be anti-dilutive. (3)

Segment Data (Tables)

Segment Data (Tables)	12 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Schedule of Reconciliation of Revenue from Segments to Consolidated	The following tables summarize the Company's net revenues and operating income (loss) by its geographic segments. Intercompany balances were eliminated in consolidation and are not reviewed when evaluating segment performance. Year Ended Year Ended Three Months Ended Year Ended Net revenues North America $ 3,505,167 $ 3,820,522 $ 840,949 $ 3,809,498 EMEA 1,081,915 992,624 228,056 842,511 Asia-Pacific 873,019 825,338 181,908 831,762 Latin America 229,481 213,215 45,640 195,248 Corporate Other 12,297 51,466 4,240 3,573 Total net revenues $ 5,701,879 $ 5,903,165 $ 1,300,793 $ 5,682,592 Year Ended Year Ended Three Months Ended Year Ended Operating income (loss) North America $ 677,882 $ 714,656 $ 150,604 $ 961,051 EMEA 176,205 112,161 30,336 132,602 Asia-Pacific 119,650 100,276 5,464 132,911 Latin America 38,401 23,487 6,343 22,388 Corporate Other (782,387) (686,994) (242,183) (773,704) Total operating income (loss) 229,751 263,586 (49,436) 475,248 Interest expense, net 268 (12,826) (6,154) (44,300) Other income (expense), net 32,055 17,096 (107) (51,009) Income (loss) before income taxes $ 262,074 $ 267,856 $ (55,697) $ 379,939
Schedule of Reconciliation of Operating Profit (Loss) and Long Lived Assets from Segments to Consolidated	Long-lived assets are primarily composed of property and equipment, net and operating lease right-of-use assets. The Company's long-lived assets by geographic area were as follows: March 31, 2024 March 31, 2023 Long-lived assets United States $ 877,558 $ 893,943 Canada 16,748 15,671 Total North America 894,306 909,614 Other foreign countries 204,896 224,526 Total long-lived assets $ 1,099,202 $ 1,134,140

Revision of Previously Issued_2

Revision of Previously Issued Interim Financial Statements (Unaudited) (Tables)	12 Months Ended
	Mar. 31, 2024
Accounting Changes and Error Corrections [Abstract]
Schedule of Condensed Consolidated Statements of Operations	Consolidated Balance Sheet As of March 31, 2023 (In thousands) As Previously Reported Adjustments As Revised Assets Current assets Cash and cash equivalents $ 711,910 $ (981) (3) $ 710,929 Accounts receivable, net 759,860 (1,296) (1)(3) 758,564 Inventories 1,190,253 (4,596) (2)(4) 1,185,657 Prepaid expenses and other current assets, net 297,563 (4,229) (3)(4)(5) 293,334 Total current assets 2,959,586 (11,102) 2,948,484 Property and equipment, net 672,736 (27,902) (3)(5) 644,834 Operating lease right-of-use assets 489,306 — 489,306 Goodwill 481,992 — 481,992 Intangible assets, net 8,940 — 8,940 Deferred income taxes 186,167 741 (4) 186,908 Other long-term assets 58,356 8,733 (3)(5) 67,089 Total assets $ 4,857,083 $ (29,530) $ 4,827,553 Liabilities and Stockholders' Equity Current liabilities Accounts payable 649,116 (630) (3) 648,486 Accrued expenses 354,643 11,887 (1)(3) 366,530 Customer refund liabilities 160,533 — 160,533 Operating lease liabilities 140,990 — 140,990 Other current liabilities 51,609 (8,865) (3)(4) 42,744 Total current liabilities 1,356,891 2,392 1,359,283 Long-term debt, net of current maturities 674,478 — 674,478 Operating lease liabilities, non-current 705,713 — 705,713 Other long-term liabilities 121,598 334 (3)(4) 121,932 Total liabilities 2,858,680 2,726 2,861,406 Total stockholders' equity 1,998,403 (32,256) 1,966,147 Total liabilities and stockholders' equity $ 4,857,083 $ (29,530) $ 4,827,553 Consolidated Statements of Operations Year Ended March 31, 2023 Three Months Ended March 31, 2022 Year Ended December 31, 2021 (In thousands, except per share amounts) As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised Net revenues $ 5,903,636 $ (471) (1) $ 5,903,165 $ 1,300,945 $ (152) (1) $ 1,300,793 $ 5,683,466 $ (874) (1) $ 5,682,592 Cost of goods sold 3,254,296 5,038 (2) 3,259,334 695,781 616 (2) 696,397 2,821,967 — 2,821,967 Gross profit 2,649,340 (5,509) 2,643,831 605,164 (768) 604,396 2,861,499 (874) 2,860,625 Selling, general and administrative expenses 2,365,529 14,716 (3) 2,380,245 594,446 2,712 (3) 597,158 2,334,691 10,168 (3) 2,344,859 Restructuring and impairment charges — — — 56,674 — 56,674 40,518 — 40,518 Income (loss) from operations 283,811 (20,225) 263,586 (45,956) (3,480) (49,436) 486,290 (11,042) 475,248 Interest income (expense), net (12,826) — (12,826) (6,154) — (6,154) (44,300) — (44,300) Other income (expense), net 16,780 316 (4) 17,096 (51) (56) (4) (107) (51,113) 104 (4) (51,009) Income (loss) before income taxes 287,765 (19,909) 267,856 (52,161) (3,536) (55,697) 390,877 (10,938) 379,939 Income tax expense (benefit) (101,046) (7,599) (4) (108,645) 8,181 — 8,181 32,072 (1,881) (4) 30,191 Income (loss) from equity method investments (2,042) — (2,042) 732 — 732 1,255 — 1,255 Net income (loss) $ 386,769 $ (12,310) $ 374,459 $ (59,610) $ (3,536) $ (63,146) $ 360,060 $ (9,057) $ 351,003 Basic net income (loss) per share $ 0.86 $ (0.03) $ 0.83 $ (0.13) $ — $ (0.13) $ 0.77 $ (0.02) $ 0.75 Diluted net income (loss) per share $ 0.84 $ (0.03) $ 0.81 $ (0.13) $ — $ (0.13) $ 0.77 $ (0.02) $ 0.75 Consolidated Statements of Comprehensive Income (Loss) Year Ended March 31, 2023 Three Months Ended March 31, 2022 Year Ended December 31, 2021 (In thousands) As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised Net income (loss) $ 386,769 $ (12,310) $ 374,459 $ (59,610) $ (3,536) $ (63,146) $ 360,060 $ (9,057) $ 351,003 Comprehensive income (loss) $ 359,013 $ (12,310) $ 346,703 $ (52,086) $ (3,536) $ (55,622) $ 371,635 $ (9,057) $ 362,578 Consolidated Statements of Stockholders' Equity As Previously Reported Adjustments As Revised (In thousands) Retained Earnings Total Equity Retained Earnings Total Equity Retained Earnings Total Equity Balance as of December 31, 2020 $ 673,855 $ 1,675,993 $ (7,353) $ (7,353) $ 666,502 $ 1,668,640 Comprehensive income (loss) 360,060 371,635 (9,057) (9,057) 351,003 362,578 Balance as of December 31, 2021 $ 1,027,833 $ 2,088,994 $ (16,410) $ (16,410) $ 1,011,423 $ 2,072,584 Comprehensive income (loss) (59,610) (52,086) (3,536) (3,536) (63,146) (55,622) Balance as of March 31, 2022 $ 721,926 $ 1,728,954 $ (19,946) $ (19,946) $ 701,980 $ 1,709,008 Comprehensive income (loss) 386,769 359,013 (12,310) (12,310) 374,459 346,703 Balance as of March 31, 2023 $ 929,562 $ 1,998,403 $ (32,256) $ (32,256) $ 897,306 $ 1,966,147 Consolidated Statements of Cash Flows Year Ended March 31, 2023 Three Months Ended March 31, 2022 Year Ended December 31, 2021 (In thousands) As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised Cash flows from operating activities Net income (loss) $ 386,769 $ (12,310) $ 374,459 $ (59,610) $ (3,536) $ (63,146) $ 360,060 $ (9,057) $ 351,003 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities Depreciation and amortization 137,620 (2,164) (3)(5) 135,456 34,960 (54) (3)(5) 34,906 141,144 (118) (3)(5) 141,026 Loss on disposal of property and equipment 2,619 (3) (3) 2,616 1,604 — 1,604 4,468 1,302 (3) 5,770 Deferred income taxes (152,403) (740) (4) (153,143) (2,500) — (2,500) (2,642) — (2,642) Changes in operating assets and liabilities: Accounts receivable (62,162) 1,252 (1)(3) (60,910) (131,988) (474) (1)(3) (132,462) (31,153) 518 (1)(3) (30,635) Inventories (373,714) 4,722 (2)(4) (368,992) (6,425) 672 (2)(4) (5,753) 93,287 (103) (2)(4) 93,184 Prepaid expenses and other assets (36,652) (1,255) (3)(4)(5) (37,907) (4,326) 789 (3)(4)(5) (3,537) 10,224 (192) (3)(4)(5) 10,032 Other non-current assets (52,795) (8,149) (3)(5) (60,944) 27,628 (532) (3)(5) 27,096 79,782 (188) (3)(5) 79,594 Accounts payable 77,558 (1,278) (3) 76,280 (54,970) (93) (3) (55,063) 26,027 — 26,027 Accrued expenses and other liabilities 12,081 (21,469) (1)(3) (9,388) (122,589) 596 (1)(3) (121,993) (114,794) 5,517 (1)(3) (109,277) Income taxes payable and receivable 6,119 11,422 (4) 17,541 4,564 — 4,564 (1,973) (1,943) (4) (3,916) Net cash provided by (used in) operating activities $ (9,914) $ (29,972) $ (39,886) $ (321,443) $ (2,632) $ (324,075) $ 664,829 $ (4,264) $ 660,565 Cash flows from investing activities Purchases of property and equipment (187,796) 29,730 (5) (158,066) (39,923) 2,430 (5) (37,493) (69,759) 3,727 (5) (66,032) Net cash provided by (used in) investing activities $ (152,796) $ 29,730 $ (123,066) $ (39,923) $ 2,430 $ (37,493) $ (68,346) $ 3,727 $ (64,619) Net increase (decrease) in cash, cash equivalents and restricted cash (294,400) (242) (294,642) (660,744) (202) (660,946) 154,355 (537) 153,818 Cash, cash equivalents and restricted cash Beginning of period $ 1,022,126 $ (739) $ 1,021,387 $ 1,682,870 $ (537) $ 1,682,333 $ 1,528,515 $ — $ 1,528,515 End of period $ 727,726 $ (981) $ 726,745 $ 1,022,126 $ (739) $ 1,021,387 $ 1,682,870 $ (537) $ 1,682,333 Condensed Consolidated Statements of Operations Three Months Ended (in thousands) June 30, 2023 September 30, 2023 December 31, 2023 March 31, 2024 Net revenues $ 1,316,965 $ 1,566,674 $ 1,486,043 $ 1,332,197 Cost of goods sold 705,470 818,151 815,404 732,601 Gross profit 611,495 748,523 670,639 599,596 Selling, general and administrative expenses 589,072 609,050 599,230 603,150 Income (loss) from operations 22,423 139,473 71,409 (3,554) Interest income (expense), net (1,626) (373) (211) 2,478 Other income (expense), net (6,060) (6,104) 47,927 (3,708) Income (loss) before income taxes 14,737 132,996 119,125 (4,784) Income tax expense (benefit) 4,328 28,436 8,569 (11,327) Income (loss) from equity method investments (399) 151 197 25 Net income (loss) $ 10,010 $ 104,711 $ 110,753 $ 6,568 Basic net income per share of Class A, B and C common stock $ 0.02 $ 0.24 $ 0.25 $ 0.02 Diluted net income per share of Class A, B and C common stock $ 0.02 $ 0.23 $ 0.25 $ 0.02 Three Months Ended (in thousands) June 30, 2022 September 30, 2022 December 31, 2022 March 31, 2023 Net revenues $ 1,348,777 $ 1,574,296 $ 1,581,487 $ 1,398,605 Cost of goods sold 720,860 860,799 884,563 793,112 Gross profit 627,917 713,497 696,924 605,493 Selling, general and administrative expenses 599,286 597,595 607,433 575,931 Income (loss) from operations 28,631 115,902 89,491 29,562 Interest income (expense), net (6,005) (3,555) (1,615) (1,651) Other income (expense), net (14,241) (5,771) 42,848 (5,740) Income (loss) before income taxes 8,385 106,576 130,724 22,171 Income tax expense (benefit) 4,637 21,489 17,726 (152,497) Income (loss) from equity method investments (898) (908) 72 (308) Net income (loss) $ 2,850 $ 84,179 $ 113,070 $ 174,360 Basic net income per share of Class A, B and C common stock $ 0.01 $ 0.19 $ 0.25 $ 0.39 Diluted net income per share of Class A, B and C common stock $ 0.01 $ 0.18 $ 0.25 $ 0.38 The following table sets forth the Company’s revisions to the condensed statements of operations for each of the first three quarters in the fiscal year ended March 31, 2024 and each of the quarters in the fiscal year ended March 31, 2023. Fiscal 2024 Three Months Ended June 30, 2023 Three Months Ended September 30, 2023 Three Months Ended December 31, 2023 (in thousands) As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised Net revenues $ 1,317,012 $ (47) $ 1,316,965 $ 1,566,710 $ (36) $ 1,566,674 $ 1,486,095 $ (52) $ 1,486,043 Cost of goods sold 709,276 (3,806) 705,470 814,715 3,436 818,151 814,914 490 815,404 Gross profit 607,736 3,759 611,495 751,995 (3,472) 748,523 671,181 (542) 670,639 Selling, general and administrative expenses 586,806 2,266 589,072 606,236 2,814 609,050 601,661 (2,431) 599,230 Income (loss) from operations 20,930 1,493 22,423 145,759 (6,286) 139,473 69,520 1,889 71,409 Interest income (expense), net (1,626) — (1,626) (373) — (373) (211) — (211) Other income (expense), net (6,385) 325 (6,060) (6,429) 325 (6,104) 49,636 (1,709) 47,927 Income (loss) before income taxes 12,919 1,818 14,737 138,957 (5,961) 132,996 118,945 180 119,125 Income tax expense (benefit) 3,971 357 4,328 29,494 (1,058) 28,436 4,999 3,570 8,569 Income (loss) from equity method investments (399) — (399) 151 — 151 197 — 197 Net income (loss) $ 8,549 $ 1,461 $ 10,010 $ 109,614 $ (4,903) $ 104,711 $ 114,143 $ (3,390) $ 110,753 Basic net income (loss) per share $ 0.02 $ — $ 0.02 $ 0.25 $ (0.01) $ 0.24 $ 0.26 $ (0.01) $ 0.25 Diluted net income (loss) per share $ 0.02 $ — $ 0.02 $ 0.24 $ (0.01) $ 0.23 $ 0.26 $ (0.01) $ 0.25 Fiscal 2023 Three Months Ended June 30, 2022 Three Months Ended September 30, 2022 Three Months Ended December 31, 2022 Three Months Ended March 31, 2023 (in thousands) As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised As Previously Reported Adjustment As Revised Net revenues $ 1,349,057 $ (280) $ 1,348,777 $ 1,573,885 $ 411 $ 1,574,296 $ 1,581,781 $ (294) $ 1,581,487 $ 1,398,913 $ (308) $ 1,398,605 Cost of goods sold 718,860 2,000 720,860 860,051 748 860,799 883,376 1,187 884,563 792,009 1,103 793,112 Gross profit 630,197 (2,280) 627,917 713,834 (337) 713,497 698,405 (1,481) 696,924 606,904 (1,411) 605,493 Selling, general and administrative expenses 595,714 3,572 599,286 594,424 3,171 597,595 603,746 3,687 607,433 571,645 4,286 575,931 Income (loss) from operations 34,483 (5,852) 28,631 119,410 (3,508) 115,902 94,659 (5,168) 89,491 35,259 (5,697) 29,562 Interest income (expense), net (6,005) — (6,005) (3,555) — (3,555) (1,615) — (1,615) (1,651) — (1,651) Other income (expense), net (14,241) — (14,241) (5,771) — (5,771) 47,312 (4,464) 42,848 (10,520) 4,780 (5,740) Income (loss) before income taxes 14,237 (5,852) 8,385 110,084 (3,508) 106,576 140,356 (9,632) 130,724 23,088 (917) 22,171 Income tax expense (benefit) 5,657 (1,020) 4,637 22,251 (762) 21,489 18,811 (1,085) 17,726 (147,765) (4,732) (152,497) Income (loss) from equity method investments (898) — (898) (908) — (908) 72 — 72 (308) — (308) Net income (loss) $ 7,682 $ (4,832) $ 2,850 $ 86,925 $ (2,746) $ 84,179 $ 121,617 $ (8,547) $ 113,070 $ 170,545 $ 3,815 $ 174,360 Basic net income (loss) per share $ 0.02 $ (0.01) $ 0.01 $ 0.19 $ — $ 0.19 $ 0.27 $ (0.02) $ 0.25 $ 0.38 $ 0.01 $ 0.39 Diluted net income (loss) per share $ 0.02 $ (0.01) $ 0.01 $ 0.19 $ (0.01) $ 0.18 $ 0.27 $ (0.02) $ 0.25 $ 0.38 $ — $ 0.38

Description of Business and B_3

Description of Business and Basis of Presentation - Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 858,691	$ 710,929	$ 1,008,400	$ 1,668,916
Accounts receivable, net (Note 3)	757,339	758,564
Inventories	958,495	1,185,657
Prepaid expenses and other current assets, net	289,157	293,334
Total current assets	2,863,682	2,948,484
Property and equipment, net (Note 4)	664,503	644,834
Operating lease right-of-use assets (Note 5)	434,699	489,306
Goodwill (Note 6)	478,302	481,992	491,508
Intangible assets, net (Note 7)	7,000	8,940
Deferred income taxes (Note 17)	221,033	186,908
Other long-term assets	91,515	67,089
Total assets	4,760,734	4,827,553
Current liabilities
Accounts payable	483,731	648,486
Accrued expenses	287,853	366,530
Customer refund liabilities (Note 12)	139,283	160,533
Operating lease liabilities (Note 5)	139,331	140,990
Other current liabilities	34,344	42,744
Total current liabilities	1,165,461	1,359,283
Long-term debt, net of current maturities (Note 9)	594,873	674,478
Operating lease liabilities, non-current (Note 5)	627,665	705,713
Other long-term liabilities	219,449	121,932
Total liabilities	2,607,448	2,861,406
Stockholders' equity (Note 11)
Total stockholders' equity	2,153,286	1,966,147	1,709,008	2,072,584	$ 1,668,640
Total liabilities and stockholders' equity	$ 4,760,734	4,827,553
As Previously Reported
Current assets
Cash and cash equivalents		711,910
Accounts receivable, net (Note 3)		759,860
Inventories		1,190,253
Prepaid expenses and other current assets, net		297,563
Total current assets		2,959,586
Property and equipment, net (Note 4)		672,736
Operating lease right-of-use assets (Note 5)		489,306
Goodwill (Note 6)		481,992
Intangible assets, net (Note 7)		8,940
Deferred income taxes (Note 17)		186,167
Other long-term assets		58,356
Total assets		4,857,083
Current liabilities
Accounts payable		649,116
Accrued expenses		354,643
Customer refund liabilities (Note 12)		160,533
Operating lease liabilities (Note 5)		140,990
Other current liabilities		51,609
Total current liabilities		1,356,891
Long-term debt, net of current maturities (Note 9)		674,478
Operating lease liabilities, non-current (Note 5)		705,713
Other long-term liabilities		121,598
Total liabilities		2,858,680
Stockholders' equity (Note 11)
Total stockholders' equity		1,998,403	1,728,954	2,088,994	1,675,993
Total liabilities and stockholders' equity		4,857,083
Adjustments
Current assets
Cash and cash equivalents		(981)
Accounts receivable, net (Note 3)		(1,296)
Inventories		(4,596)
Prepaid expenses and other current assets, net		(4,229)
Total current assets		(11,102)
Property and equipment, net (Note 4)		(27,902)
Operating lease right-of-use assets (Note 5)		0
Goodwill (Note 6)		0
Intangible assets, net (Note 7)		0
Deferred income taxes (Note 17)		741
Other long-term assets		8,733
Total assets		(29,530)
Current liabilities
Accounts payable		(630)
Accrued expenses		11,887
Customer refund liabilities (Note 12)		0
Operating lease liabilities (Note 5)		0
Other current liabilities		(8,865)
Total current liabilities		2,392
Long-term debt, net of current maturities (Note 9)		0
Operating lease liabilities, non-current (Note 5)		0
Other long-term liabilities		334
Total liabilities		2,726
Stockholders' equity (Note 11)
Total stockholders' equity		(32,256)	$ (19,946)	$ (16,410)	$ (7,353)
Total liabilities and stockholders' equity		$ (29,530)

Description of Business and B_4

Description of Business and Basis of Presentation - Consolidated Statements of Operations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net revenues	$ 1,332,197	$ 1,486,043	$ 1,566,674	$ 1,316,965	$ 1,398,605	$ 1,581,487	$ 1,574,296	$ 1,348,777	$ 1,300,793	$ 5,701,879	$ 5,903,165	$ 5,682,592
Cost of goods sold	732,601	815,404	818,151	705,470	793,112	884,563	860,799	720,860	696,397	3,071,626	3,259,334	2,821,967
Gross profit	599,596	670,639	748,523	611,495	605,493	696,924	713,497	627,917	604,396	2,630,253	2,643,831	2,860,625
Selling, general and administrative expenses	603,150	599,230	609,050	589,072	575,931	607,433	597,595	599,286	597,158	2,400,502	2,380,245	2,344,859
Restructuring and impairment charges									56,674	0	0	40,518
Income (loss) from operations	(3,554)	71,409	139,473	22,423	29,562	89,491	115,902	28,631	(49,436)	229,751	263,586	475,248
Interest income (expense), net	2,478	(211)	(373)	(1,626)	(1,651)	(1,615)	(3,555)	(6,005)	(6,154)	268	(12,826)	(44,300)
Other income (expense), net	(3,708)	47,927	(6,104)	(6,060)	(5,740)	42,848	(5,771)	(14,241)	(107)	32,055	17,096	(51,009)
Income (loss) before income taxes	(4,784)	119,125	132,996	14,737	22,171	130,724	106,576	8,385	(55,697)	262,074	267,856	379,939
Income tax expense (benefit)	(11,327)	8,569	28,436	4,328	(152,497)	17,726	21,489	4,637	8,181	30,006	(108,645)	30,191
Income (loss) from equity method investments	25	197	151	(399)	(308)	72	(908)	(898)	732	(26)	(2,042)	1,255
Net income (loss)	$ 6,568	$ 110,753	$ 104,711	$ 10,010	$ 174,360	$ 113,070	$ 84,179	$ 2,850	$ (63,146)	$ 232,042	$ 374,459	$ 351,003
Basic net income (loss) per share (in dollars per share)	$ 0.02	$ 0.25	$ 0.24	$ 0.02	$ 0.39	$ 0.25	$ 0.19	$ 0.01	$ (0.13)	$ 0.53	$ 0.83	$ 0.75
Diluted net income (loss) per share (in dollars per share)	$ 0.02	$ 0.25	$ 0.23	$ 0.02	$ 0.38	$ 0.25	$ 0.18	$ 0.01	$ (0.13)	$ 0.52	$ 0.81	$ 0.75
As Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net revenues		$ 1,486,095	$ 1,566,710	$ 1,317,012	$ 1,398,913	$ 1,581,781	$ 1,573,885	$ 1,349,057	$ 1,300,945		$ 5,903,636	$ 5,683,466
Cost of goods sold		814,914	814,715	709,276	792,009	883,376	860,051	718,860	695,781		3,254,296	2,821,967
Gross profit		671,181	751,995	607,736	606,904	698,405	713,834	630,197	605,164		2,649,340	2,861,499
Selling, general and administrative expenses		601,661	606,236	586,806	571,645	603,746	594,424	595,714	594,446		2,365,529	2,334,691
Restructuring and impairment charges									56,674		0	40,518
Income (loss) from operations		69,520	145,759	20,930	35,259	94,659	119,410	34,483	(45,956)		283,811	486,290
Interest income (expense), net		(211)	(373)	(1,626)	(1,651)	(1,615)	(3,555)	(6,005)	(6,154)		(12,826)	(44,300)
Other income (expense), net		49,636	(6,429)	(6,385)	(10,520)	47,312	(5,771)	(14,241)	(51)		16,780	(51,113)
Income (loss) before income taxes		118,945	138,957	12,919	23,088	140,356	110,084	14,237	(52,161)		287,765	390,877
Income tax expense (benefit)		4,999	29,494	3,971	(147,765)	18,811	22,251	5,657	8,181		(101,046)	32,072
Income (loss) from equity method investments		197	151	(399)	(308)	72	(908)	(898)	732		(2,042)	1,255
Net income (loss)		$ 114,143	$ 109,614	$ 8,549	$ 170,545	$ 121,617	$ 86,925	$ 7,682	$ (59,610)		$ 386,769	$ 360,060
Basic net income (loss) per share (in dollars per share)		$ 0.26	$ 0.25	$ 0.02	$ 0.38	$ 0.27	$ 0.19	$ 0.02	$ (0.13)		$ 0.86	$ 0.77
Diluted net income (loss) per share (in dollars per share)		$ 0.26	$ 0.24	$ 0.02	$ 0.38	$ 0.27	$ 0.19	$ 0.02	$ (0.13)		$ 0.84	$ 0.77
Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net revenues		$ (52)	$ (36)	$ (47)	$ (308)	$ (294)	$ 411	$ (280)	$ (152)		$ (471)	$ (874)
Cost of goods sold		490	3,436	(3,806)	1,103	1,187	748	2,000	616		5,038	0
Gross profit		(542)	(3,472)	3,759	(1,411)	(1,481)	(337)	(2,280)	(768)		(5,509)	(874)
Selling, general and administrative expenses		(2,431)	2,814	2,266	4,286	3,687	3,171	3,572	2,712		14,716	10,168
Restructuring and impairment charges									0		0	0
Income (loss) from operations		1,889	(6,286)	1,493	(5,697)	(5,168)	(3,508)	(5,852)	(3,480)		(20,225)	(11,042)
Interest income (expense), net		0	0	0	0	0	0	0	0		0	0
Other income (expense), net		(1,709)	325	325	4,780	(4,464)	0	0	(56)		316	104
Income (loss) before income taxes		180	(5,961)	1,818	(917)	(9,632)	(3,508)	(5,852)	(3,536)		(19,909)	(10,938)
Income tax expense (benefit)		3,570	(1,058)	357	(4,732)	(1,085)	(762)	(1,020)	0		(7,599)	(1,881)
Income (loss) from equity method investments		0	0	0	0	0	0	0	0		0	0
Net income (loss)		$ (3,390)	$ (4,903)	$ 1,461	$ 3,815	$ (8,547)	$ (2,746)	$ (4,832)	$ (3,536)		$ (12,310)	$ (9,057)
Basic net income (loss) per share (in dollars per share)		$ (0.01)	$ (0.01)	$ 0	$ 0.01	$ (0.02)	$ 0	$ (0.01)	$ 0		$ (0.03)	$ (0.02)
Diluted net income (loss) per share (in dollars per share)		$ (0.01)	$ (0.01)	$ 0	$ 0	$ (0.02)	$ (0.01)	$ (0.01)	$ 0		$ (0.03)	$ (0.02)

Description of Business and B_5

Description of Business and Basis of Presentation - Consolidated Statements of Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)	$ 6,568	$ 110,753	$ 104,711	$ 10,010	$ 174,360	$ 113,070	$ 84,179	$ 2,850	$ (63,146)	$ 232,042	$ 374,459	$ 351,003
Comprehensive income (loss)									(55,622)	$ 222,761	346,703	362,578
As Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)		114,143	109,614	8,549	170,545	121,617	86,925	7,682	(59,610)		386,769	360,060
Comprehensive income (loss)									(52,086)		359,013	371,635
Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net income (loss)		$ (3,390)	$ (4,903)	$ 1,461	$ 3,815	$ (8,547)	$ (2,746)	$ (4,832)	(3,536)		(12,310)	(9,057)
Comprehensive income (loss)									$ (3,536)		$ (12,310)	$ (9,057)

Description of Business and B_6

Description of Business and Basis of Presentation - Consolidated Statements of Stockholders' Equity (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 2,072,584	$ 1,966,147	$ 1,709,008	$ 1,668,640
Comprehensive income (loss)	(55,622)	222,761	346,703	362,578
Ending balance	1,709,008	2,153,286	1,966,147	2,072,584
Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	1,011,423	897,306	701,980	666,502
Comprehensive income (loss)	(63,146)	232,042	374,459	351,003
Ending balance	701,980	1,048,411	897,306	1,011,423
As Previously Reported
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	2,088,994	1,998,403	1,728,954	1,675,993
Comprehensive income (loss)	(52,086)		359,013	371,635
Ending balance	1,728,954		1,998,403	2,088,994
As Previously Reported | Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	1,027,833	929,562	721,926	673,855
Comprehensive income (loss)	(59,610)		386,769	360,060
Ending balance	721,926		929,562	1,027,833
Adjustments
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(16,410)	(32,256)	(19,946)	(7,353)
Comprehensive income (loss)	(3,536)		(12,310)	(9,057)
Ending balance	(19,946)		(32,256)	(16,410)
Adjustments | Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(16,410)	$ (32,256)	(19,946)	(7,353)
Comprehensive income (loss)	(3,536)		(12,310)	(9,057)
Ending balance	$ (19,946)		$ (32,256)	$ (16,410)

Description of Business and B_7

Description of Business and Basis of Presentation - Consolidated Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Cash flows from operating activities
Net income (loss)	$ 6,568	$ 110,753	$ 104,711	$ 10,010	$ 174,360	$ 113,070	$ 84,179	$ 2,850	$ (63,146)	$ 232,042	$ 374,459	$ 351,003
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Depreciation and amortization									34,906	142,590	135,456	141,026
Loss on disposal of property and equipment									1,604	1,623	2,616	5,770
Deferred income taxes									(2,500)	(23,693)	(153,143)	(2,642)
Changes in operating assets and liabilities:
Accounts receivable									(132,462)	(3,906)	(60,910)	(30,635)
Inventories									(5,753)	216,484	(368,992)	93,184
Prepaid expenses and other assets									(3,537)	(29,060)	(37,907)	10,032
Other non-current assets									27,096	34,920	(60,944)	79,594
Accounts payable									(55,063)	(197,887)	76,280	26,027
Accrued expenses and other liabilities									(121,993)	(18,267)	(9,388)	(109,277)
Income taxes payable and receivable									4,564	(60,352)	17,541	(3,916)
Net cash provided by (used in) operating activities									(324,075)	353,970	(39,886)	660,565
Cash flows from investing activities
Purchases of property and equipment									(37,493)	(150,333)	(158,066)	(66,032)
Net cash provided by (used in) investing activities									(37,493)	(105,333)	(123,066)	(64,619)
Net increase (decrease) in cash, cash equivalents and restricted cash									(660,946)	150,172	(294,642)	153,818
Cash, cash equivalents and restricted cash
Beginning of period				726,745				1,021,387	1,682,333	726,745	1,021,387	1,528,515
End of period	$ 876,917				726,745				1,021,387	876,917	726,745	1,682,333
As Previously Reported
Cash flows from operating activities
Net income (loss)		114,143	109,614	8,549	170,545	121,617	86,925	7,682	(59,610)		386,769	360,060
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Depreciation and amortization									34,960		137,620	141,144
Loss on disposal of property and equipment									1,604		2,619	4,468
Deferred income taxes									(2,500)		(152,403)	(2,642)
Changes in operating assets and liabilities:
Accounts receivable									(131,988)		(62,162)	(31,153)
Inventories									(6,425)		(373,714)	93,287
Prepaid expenses and other assets									(4,326)		(36,652)	10,224
Other non-current assets									27,628		(52,795)	79,782
Accounts payable									(54,970)		77,558	26,027
Accrued expenses and other liabilities									(122,589)		12,081	(114,794)
Income taxes payable and receivable									4,564		6,119	(1,973)
Net cash provided by (used in) operating activities									(321,443)		(9,914)	664,829
Cash flows from investing activities
Purchases of property and equipment									(39,923)		(187,796)	(69,759)
Net cash provided by (used in) investing activities									(39,923)		(152,796)	(68,346)
Net increase (decrease) in cash, cash equivalents and restricted cash									(660,744)		(294,400)	154,355
Cash, cash equivalents and restricted cash
Beginning of period				727,726				1,022,126	1,682,870	727,726	1,022,126	1,528,515
End of period					727,726				1,022,126		727,726	1,682,870
Adjustments
Cash flows from operating activities
Net income (loss)		$ (3,390)	$ (4,903)	1,461	3,815	$ (8,547)	$ (2,746)	(4,832)	(3,536)		(12,310)	(9,057)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Depreciation and amortization									(54)		(2,164)	(118)
Loss on disposal of property and equipment									0		(3)	1,302
Deferred income taxes									0		(740)	0
Changes in operating assets and liabilities:
Accounts receivable									(474)		1,252	518
Inventories									672		4,722	(103)
Prepaid expenses and other assets									789		(1,255)	(192)
Other non-current assets									(532)		(8,149)	(188)
Accounts payable									(93)		(1,278)	0
Accrued expenses and other liabilities									596		(21,469)	5,517
Income taxes payable and receivable									0		11,422	(1,943)
Net cash provided by (used in) operating activities									(2,632)		(29,972)	(4,264)
Cash flows from investing activities
Purchases of property and equipment									2,430		29,730	3,727
Net cash provided by (used in) investing activities									2,430		29,730	3,727
Net increase (decrease) in cash, cash equivalents and restricted cash									(202)		(242)	(537)
Cash, cash equivalents and restricted cash
Beginning of period				$ (981)				$ (739)	(537)	$ (981)	(739)	0
End of period					$ (981)				$ (739)		$ (981)	$ (537)

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Concentration of Credit Risk (Details)	12 Months Ended
	Dec. 31, 2021
Net Revenue | Customer Concentration Risk | One | North America
Business Acquisition [Line Items]
Concentration risk, percentage	11%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Property and Equipment (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Property, Plant and Equipment [Line Items]
Interest costs capitalized	$ 6	$ 3.1
Furniture, fixtures and displays, office equipment, software and plant equipment | Minimum
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives	3 years
Furniture, fixtures and displays, office equipment, software and plant equipment | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives	10 years
Site improvements, buildings and building equipment | Minimum
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives	10 years
Site improvements, buildings and building equipment | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives	35 years
Furniture, fixtures and displays
Property, Plant and Equipment [Line Items]
Property and equipment, useful lives	3 years

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Goodwill, Intangible Assets and Long-Lived Assets (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment charges	$ 0	$ 0	$ 0	$ 0
Impairment, Intangible Asset, Indefinite-Lived (Excluding Goodwill), Statement of Income or Comprehensive Income [Extensible Enumeration]		Selling, general and administrative expenses
Impairment of long-lived assets		$ 5,600,000	$ 2,000,000	2,000,000
Impairment, Long-Lived Asset, Held-for-Use, Statement of Income or Comprehensive Income [Extensible Enumeration]			Selling, general and administrative expenses
New York Flagship Store | 2020 Restructuring Plan
Finite-Lived Intangible Assets [Line Items]
Impairment of long-lived assets				1,700,000
Latin America
Finite-Lived Intangible Assets [Line Items]
Impairment of intangible assets, indefinite-lived (excluding goodwill)	$ 0	600,000	$ 0	$ 0
North America
Finite-Lived Intangible Assets [Line Items]
Impairment of long-lived assets		1,700,000
EMEA
Finite-Lived Intangible Assets [Line Items]
Impairment of long-lived assets		3,600,000
Asia-Pacific
Finite-Lived Intangible Assets [Line Items]
Impairment of long-lived assets		$ 300,000

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Schedule of Accrued Expenses (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Accounting Policies [Abstract]
Accrued compensation and benefits	$ 68,149	$ 66,742
Accrued marketing	35,233	38,096
Accrued royalties	12,579	25,415
Accrued taxes	22,162	26,297
Forward currency contract liabilities	18,242	28,067
Other	131,488	181,913
Total Accrued Expenses	$ 287,853	$ 366,530

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Revenue Recognition (Details)	12 Months Ended
	Mar. 31, 2024
Disaggregation of Revenue [Line Items]
Gift card redemption period	24 months
United States | Minimum
Disaggregation of Revenue [Line Items]
Payment term, wholesale transactions	30 days
United States | Maximum
Disaggregation of Revenue [Line Items]
Payment term, wholesale transactions	60 days
International | Minimum
Disaggregation of Revenue [Line Items]
Payment term, wholesale transactions	60 days
International | Maximum
Disaggregation of Revenue [Line Items]
Payment term, wholesale transactions	90 days

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Shipping and Handling Costs (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Shipping and Handling
Disaggregation of Revenue [Line Items]
Revenues	$ 17.3	$ 79.8	$ 79.5	$ 82.9

Summary of Significant Accou_10

Summary of Significant Accounting Policies - Advertising Costs (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Accounting Policies [Abstract]
Advertising expense	$ 173.2	$ 568.5	$ 620.3	$ 649.2
Prepaid advertising		$ 16.9	$ 39.3

Summary of Significant Accou_11

Summary of Significant Accounting Policies - Earning per Share (Details)	Mar. 31, 2024
1.50% Convertible Senior Notes
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Stated interest rate, percentage	1.50%

Summary of Significant Accou_12

Summary of Significant Accounting Policies - Equity Method Investment (Details) - USD ($)	3 Months Ended									12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Schedule of Equity Method Investments [Line Items]
Income (loss) from equity method investments	$ 25,000	$ 197,000	$ 151,000	$ (399,000)	$ (308,000)	$ 72,000	$ (908,000)	$ (898,000)	$ 732,000	$ (26,000)	$ (2,042,000)	$ 1,255,000
Net revenues	$ 1,332,197,000	$ 1,486,043,000	$ 1,566,674,000	$ 1,316,965,000	1,398,605,000	$ 1,581,487,000	$ 1,574,296,000	$ 1,348,777,000	1,300,793,000	$ 5,701,879,000	5,903,165,000	5,682,592,000
Japanese Licensee
Schedule of Equity Method Investments [Line Items]
Ownership percentage	29.50%									29.50%
Income (loss) from equity method investments									900,000	$ (300,000)	(2,500,000)	1,800,000
Investment	$ 0				300,000					0	300,000
Japanese Licensee | Licensing Receivable
Schedule of Equity Method Investments [Line Items]
Accounts receivable, net	$ 13,900,000				7,600,000					$ 13,900,000	7,600,000
UA Sports (Thailand) Co., Ltd
Schedule of Equity Method Investments [Line Items]
Ownership percentage	49.50%									49.50%
Income (loss) from equity method investments									(200,000)	$ 300,000	800,000	(600,000)
Investment	$ 4,700,000				$ 5,900,000					4,700,000	5,900,000
Japanese Licensee | License
Schedule of Equity Method Investments [Line Items]
Net revenues									$ 9,900,000	$ 34,800,000	$ 36,800,000	$ 42,400,000

Allowance For Doubtful Accoun_3

Allowance For Doubtful Accounts - Schedule of Financing Receivable, Allowance for Credit Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Allowance for doubtful accounts - within accounts receivable, net
Beginning balance	$ 10,813	$ 7,113
Increases to costs and expenses	6,061	5,193
Write-offs, net of recoveries	(1,880)	(1,493)
Ending balance	14,994	10,813
Allowance for doubtful accounts - within prepaid expenses and other current assets
Beginning balance	227	7,029
Increases to costs and expenses	0	0
Write-offs, net of recoveries	0	(6,802)
Ending balance	$ 227	$ 227

Property and Equipment, Net- Co

Property and Equipment, Net- Components Of Property And Equipment (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Property, Plant and Equipment [Line Items]
Subtotal property and equipment	$ 1,820,938	$ 1,696,712
Accumulated depreciation	(1,156,435)	(1,051,878)
Property and equipment, net	664,503	644,834
Leasehold and tenant improvements
Property, Plant and Equipment [Line Items]
Subtotal property and equipment	495,181	462,721
Furniture, fixtures and displays
Property, Plant and Equipment [Line Items]
Subtotal property and equipment	301,897	289,539
Buildings
Property, Plant and Equipment [Line Items]
Subtotal property and equipment	68,230	48,632
Software
Property, Plant and Equipment [Line Items]
Subtotal property and equipment	350,811	342,017
Office equipment
Property, Plant and Equipment [Line Items]
Subtotal property and equipment	139,223	132,301
Plant equipment
Property, Plant and Equipment [Line Items]
Subtotal property and equipment	178,316	178,194
Land
Property, Plant and Equipment [Line Items]
Subtotal property and equipment	82,410	83,626
Construction in progress
Property, Plant and Equipment [Line Items]
Subtotal property and equipment	175,960	138,069
Other
Property, Plant and Equipment [Line Items]
Subtotal property and equipment	$ 28,910	$ 21,613

Property and Equipment, Net - N

Property and Equipment, Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Depreciation	$ 34.5	$ 136.6	$ 133.6	$ 139.2

Leases - Leases Costs (Details)

Leases - Leases Costs (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Leases [Abstract]
Operating lease costs	$ 36,699	$ 151,035	$ 141,025	$ 142,965
Variable lease costs	19,150	$ 82,389	$ 78,529	67,427
Weighted average remaining lease term (in years)		7 years 7 months 13 days	8 years 10 days
Weighted average discount rate		4.95%	4.69%
Operating cash outflows from operating leases	43,903	$ 180,319	$ 167,774	177,391
Leased assets obtained in exchange for new operating lease liabilities	$ (892)	$ 57,962	$ 181,080	$ 28,244

Leases - Maturities of Lease Li

Leases - Maturities of Lease Liabilities (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Leases [Abstract]
2025	$ 172,483
2026	143,651
2027	120,568
2028	102,301
2029	68,483
2030 and thereafter	309,830
Total lease payments	917,316
Less: Interest	150,320
Total present value of lease liabilities	$ 766,996

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	Mar. 31, 2024 USD ($)
Lessee, Lease, Description [Line Items]
Leases not yet commenced	$ 88.3
NETHERLANDS
Lessee, Lease, Description [Line Items]
Leases not yet commenced	$ 58.9

Goodwill - Changes in Carrying

Goodwill - Changes in Carrying Amount of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 481,992	$ 491,508
Effect of currency translation adjustment	(3,690)	(9,516)
Goodwill, ending balance	478,302	481,992
North America
Goodwill [Roll Forward]
Goodwill, beginning balance	301,371	301,371
Effect of currency translation adjustment	0	0
Goodwill, ending balance	301,371	301,371
EMEA
Goodwill [Roll Forward]
Goodwill, beginning balance	101,096	105,053
Effect of currency translation adjustment	862	(3,957)
Goodwill, ending balance	101,958	101,096
Asia-Pacific
Goodwill [Roll Forward]
Goodwill, beginning balance	79,525	85,084
Effect of currency translation adjustment	(4,552)	(5,559)
Goodwill, ending balance	74,973	79,525
Latin America
Goodwill [Roll Forward]
Goodwill, beginning balance	0	0
Effect of currency translation adjustment	0	0
Goodwill, ending balance	$ 0	$ 0

Intangible Assets, Net - Schedu

Intangible Assets, Net - Schedule Of Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 10,365	$ 12,911
Accumulated Amortization	(7,385)	(8,422)
Net Carrying Amount	2,980	4,489
Indefinite-lived intangible assets	4,020	4,451
Intangible assets, net	7,000	8,940
Impairment of intangible assets	600
Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount		2,536
Accumulated Amortization		(2,503)
Net Carrying Amount		33
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	8,609	8,711
Accumulated Amortization	(5,708)	(4,377)
Net Carrying Amount	2,901	4,334
Lease-related intangible assets
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,756	1,664
Accumulated Amortization	(1,677)	(1,542)
Net Carrying Amount	$ 79	$ 122
Minimum | Technology
Finite-Lived Intangible Assets [Line Items]
Useful Lives from Date of Acquisitions (in years)		5 years
Minimum | Customer relationships
Finite-Lived Intangible Assets [Line Items]
Useful Lives from Date of Acquisitions (in years)	2 years	2 years
Minimum | Lease-related intangible assets
Finite-Lived Intangible Assets [Line Items]
Useful Lives from Date of Acquisitions (in years)	1 year	1 year
Maximum | Technology
Finite-Lived Intangible Assets [Line Items]
Useful Lives from Date of Acquisitions (in years)		7 years
Maximum | Customer relationships
Finite-Lived Intangible Assets [Line Items]
Useful Lives from Date of Acquisitions (in years)	6 years	6 years
Maximum | Lease-related intangible assets
Finite-Lived Intangible Assets [Line Items]
Useful Lives from Date of Acquisitions (in years)	15 years	15 years

Intangible Assets, Net - Narrat

Intangible Assets, Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	$ 0.5	$ 1.5	$ 1.9	$ 2
Technology
Finite-Lived Intangible Assets [Line Items]
Reduction for fully amortized intangible assets		2.5
Reduction of accumulated amortization for fully amortized assets		$ 2.5

Intangible Assets, Net - Estima

Intangible Assets, Net - Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 1,549
2026	1,422
2027	9
2028	0
2029	0
2030 and thereafter	0
Net Carrying Amount	$ 2,980	$ 4,489

Supply Chain Finance Program (D

Supply Chain Finance Program (Details) - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Payables and Accruals [Abstract]
Supplier Finance Program, Obligation, Statement of Financial Position [Extensible Enumeration]	Accounts payable	Accounts payable
Outstanding payment obligations	$ 159.4	$ 250.8

Credit Facility and Other Lon_3

Credit Facility and Other Long Term Debt - Components of Convertible Senior Notes (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2016
Debt Instrument [Line Items]
Total principal payments due	$ 680,919	$ 680,919
Total amount outstanding	675,792	674,478
Current maturities of long-term debt (Note 9)	80,919	0
Non-current portion of long-term debt	594,873	674,478
Credit Facility
Debt Instrument [Line Items]
Unamortized debt issuance costs - Credit facility	(3,362)	(3,632)
1.50% Convertible Senior Notes
Debt Instrument [Line Items]
Current maturities of long-term debt (Note 9)	$ 80,919	0
Stated interest rate, percentage	1.50%
1.50% Convertible Senior Notes | Convertible Notes
Debt Instrument [Line Items]
Total principal payments due	$ 80,919	80,919
Unamortized debt issuance costs - Credit facility	$ (16)	(267)
Stated interest rate, percentage	1.50%
3.25% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Total principal payments due	$ 600,000	600,000
Unamortized debt discount on Senior Notes	(560)	(814)
Unamortized debt issuance costs - Credit facility	$ (1,189)	$ (1,728)	$ (5,400)
Stated interest rate, percentage	3.25%		3.25%

Credit Facility and Other Lon_4

Credit Facility and Other Long Term Debt - Credit Facility (Details)	12 Months Ended
	Mar. 31, 2024 USD ($) tranche	Mar. 31, 2023 USD ($)
Debt Instrument [Line Items]
Outstanding under credit facility	$ 680,919,000	$ 680,919,000
LIBOR | Minimum
Debt Instrument [Line Items]
Variable rate (as percent)	1%
LIBOR | Maximum
Debt Instrument [Line Items]
Variable rate (as percent)	1.75%
Base Rate | Minimum
Debt Instrument [Line Items]
Variable rate (as percent)	0%
Base Rate | Maximum
Debt Instrument [Line Items]
Variable rate (as percent)	0.75%
Letter of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 50,000,000
Letters of credit outstanding	$ 4,200,000	4,400,000
Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt	1 year
Credit Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 300,000,000
Credit Agreement | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 1,100,000,000
Number of tranches | tranche	2
Outstanding under credit facility	$ 0	$ 0
Covenant, consolidated EBITDA to consolidated interest expense ratio, greater than or equal	3.50
Debt, leverage covenant, consolidated total indebtedness to consolidated EBITDA ratio less than or equal	3.25
Commitment fee percentage	0.15%
Tranche One | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 50,000,000
Tranche Two | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 1,050,000,000

Credit Facility and Other Lon_5

Credit Facility and Other Long Term Debt - Senior Notes, Capped Call Transaction and Interest Expense (Details)	1 Months Ended
	May 31, 2020 d $ / shares	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Jun. 30, 2016 USD ($)
1.50% Convertible Senior Notes
Debt Instrument [Line Items]
Stated interest rate, percentage		1.50%
Aggregate principal		$ 80,900,000
Initial conversion rate	0.1018589
Debt conversion price (in dollars per share) | $ / shares	$ 9.82
Percentage of stock price	130%
Trading days (whether or not consecutive) | d	20
Consecutive trading days | d	30
Redemption price, percentage of principal repurchased	100%
Cap call transaction cap price per share (in dollars per share) | $ / shares	$ 13.4750
Premium over last reported sale price, percentage	75%
3.25% Senior Notes | Senior Notes
Debt Instrument [Line Items]
Stated interest rate, percentage		3.25%		3.25%
Aggregate principal				$ 600,000,000
Deferred financing costs		$ 1,189,000	$ 1,728,000	$ 5,400,000

Credit Facility and Other Lon_6

Credit Facility and Other Long Term Debt - Interest Expense Related to Convertible Senior Notes (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Debt Disclosure [Abstract]
Interest expense, debt	$ 6.6	$ 22.8	$ 24.1	$ 45.7

Credit Facility and Other Lon_7

Credit Facility and Other Long Term Debt - Scheduled Maturities Of Long Term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Debt Disclosure [Abstract]
2025	$ 80,919
2026	0
2027	600,000
2028	0
2029	0
2030 and thereafter	0
Total principal payments due	680,919	$ 680,919
Current maturities of long-term debt (Note 9)	$ 80,919	$ 0

Commitments and Contingencies -

Commitments and Contingencies - Future Minimum Payments Under Sponsorship And Other Marketing Agreements (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2025	$ 151,851
2026	62,269
2027	38,279
2028	32,814
2029	30,338
2030 and thereafter	116,156
Total future minimum sponsorship and other payments	$ 431,707

Commitments and Contingencies_2

Commitments and Contingencies - Narrative (Details) $ in Millions					2 Months Ended
	Oct. 27, 2023 purportedStockholder	Mar. 16, 2023 case	Jan. 27, 2021 case	Sep. 14, 2020 case	Oct. 21, 2020 case	Jul. 31, 2018 case	Mar. 31, 2024 USD ($)	Mar. 23, 2017 case
Loss Contingencies [Line Items]
Estimated liability | $							$ 100
Under Armour Securities Litigation, Case No. 17-cv-00388-RDB | Pending Litigation
Loss Contingencies [Line Items]
Pending claims								3
Securities Class Actions
Loss Contingencies [Line Items]
Number of complaints				2
Derivative Complaints
Loss Contingencies [Line Items]
Number of complaints		4	4		2	2
Number of purported stockholders included in complaint | purportedStockholder	4
Number of complaints dismissed		1

Stockholders' Equity (Details)

Stockholders' Equity (Details)		3 Months Ended	12 Months Ended
	Feb. 23, 2022 USD ($)	Mar. 31, 2022 USD ($) shares	Mar. 31, 2024 USD ($) vote $ / shares shares	Mar. 31, 2023 USD ($) $ / shares shares	May 15, 2024 USD ($)
Class of Stock [Line Items]
Stock repurchased and retired in period, excise tax accrued | $			$ 700,000
Class C Common Stock Repurchase Program
Class of Stock [Line Items]
Stock repurchase program, authorized amount | $	$ 500,000,000
Stock repurchase program, period in force	2 years
Stock repurchased and retired during period, value | $			$ 500,000,000
Stock repurchased and retired during period, shares (in shares) | shares			45,600,000
Common Class C | Subsequent Event
Class of Stock [Line Items]
Stock repurchase program, authorized amount | $					$ 500,000,000
Class A Common Stock
Class of Stock [Line Items]
Common stock, authorized (in shares) | shares			400,000,000	400,000,000
Commons stock, par value (in dollars per share) | $ / shares			$ 0.0003	$ 0.0003
Number of votes per share | vote			1
Shares issued upon conversion (in shares) | shares			1
Class B Convertible Common Stock
Class of Stock [Line Items]
Common stock, authorized (in shares) | shares			34,450,000	34,450,000
Commons stock, par value (in dollars per share) | $ / shares			$ 0.0003	$ 0.0003
Number of votes per share | vote			10
Class A Common Stock And Class B Convertible Common Stock | Minimum
Class of Stock [Line Items]
Beneficial ownership percentage of CEO			15%
Common Class C
Class of Stock [Line Items]
Common stock, authorized (in shares) | shares			400,000,000	400,000,000
Commons stock, par value (in dollars per share) | $ / shares			$ 0.0003	$ 0.0003
Stock repurchased and retired during period, value | $		$ 300,000,000	$ 75,000,000	$ 125,000,000
Stock repurchased and retired during period, shares (in shares) | shares		16,200,000	10,700,000	18,700,000
Common Class C | Retained Earnings
Class of Stock [Line Items]
Stock repurchased and retired during period, value | $		$ 239,995,000	$ 74,774,000	$ 173,982,000

Revenues - Net Revenues By Prod

Revenues - Net Revenues By Product Category and Distribution Channels (Details) - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Segment Reporting Information [Line Items]
Net revenues	$ 1,332,197	$ 1,486,043	$ 1,566,674	$ 1,316,965	$ 1,398,605	$ 1,581,487	$ 1,574,296	$ 1,348,777	$ 1,300,793	$ 5,701,879	$ 5,903,165	$ 5,682,592
Wholesale
Segment Reporting Information [Line Items]
Revenues									829,179	3,243,187	3,468,126	3,245,749
Direct-to-consumer
Segment Reporting Information [Line Items]
Revenues									440,772	2,335,154	2,266,827	2,320,647
Corporate Other
Segment Reporting Information [Line Items]
Net revenues									4,240	12,297	51,466	3,573
Apparel
Segment Reporting Information [Line Items]
Revenues									876,452	3,789,016	3,871,167	3,840,375
Footwear
Segment Reporting Information [Line Items]
Revenues									296,696	1,383,610	1,455,265	1,264,127
Accessories
Segment Reporting Information [Line Items]
Revenues									96,803	405,715	408,521	461,894
Net Sales
Segment Reporting Information [Line Items]
Revenues									1,269,951	5,578,341	5,734,953	5,566,396
License revenues
Segment Reporting Information [Line Items]
Revenues									$ 26,602	$ 111,241	$ 116,746	$ 112,623

Revenues - Customer Refund Liab

Revenues - Customer Refund Liability (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Customer refund liability
Disaggregation of Revenue [Line Items]
Reserves for customer returns allowances markdowns and discounts	$ 139,283	$ 160,533
Inventory associated with reserves for sales returns
Disaggregation of Revenue [Line Items]
Reserves for customer returns allowances markdowns and discounts	$ 29,514	$ 40,661

Revenues - Narrative (Details)

Revenues - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Dec. 31, 2022	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Contract liability			$ 26.3	$ 25.9
Revenue recognized		$ 5	$ 7.4	$ 19.3	$ 21.5
Revenue recognized, gift card assessment	$ 10.1

Other Employee Benefits (Detail

Other Employee Benefits (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Retirement Benefits [Abstract]
401(k) contribution matching expense	$ 6.1	$ 10.6	$ 11.6	$ 8.9
Deferred compensation plan obligations		16.2	14.1
TOLI policies held by the Rabbi Trust		$ 9.1	$ 7.7

Stock Based Compensation - Stoc

Stock Based Compensation - Stock Compensation Plans (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2022 USD ($) $ / shares shares	Mar. 31, 2024 USD ($) installment $ / shares shares	Mar. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 11,764,000	$ 42,998,000	$ 36,811,000	$ 43,794,000
Stock based compensation, tax benefits	2,000,000	6,600,000	6,300,000	8,200,000
Valuation allowance, stock based compensation	1,000,000	$ 1,200,000	$ 1,200,000	7,200,000
Number of equal annual vesting installments | installment		3
Options outstanding, number of underlying shares (in shares) | shares		1,578,000	1,578,000
Employees and Non-Employee Directors
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	11,800,000	$ 36,900,000	$ 36,800,000	43,800,000
Unrecognized compensation costs		$ 57,400,000
Unrecognized compensation costs, period for recognition		1 year 8 months 26 days
Marketing and Consulting Partners
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation costs		$ 71,000,000
Unrecognized compensation costs, period for recognition		10 years 3 months 3 days
Share based compensation	$ 800,000	$ 8,900,000	$ 3,300,000	3,500,000
Stock option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, tax benefits				$ 0
Contractual term		10 years
Grants in period (in dollars per share) | $ / shares	$ 0	$ 0	$ 0	$ 0
Intrinsic value	$ 0	$ 0	$ 0	$ 200,000
Deferred Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding, number of underlying shares (in shares) | shares		800,000
Performance Based Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation		$ (1,400,000)	$ 1,400,000
Performance Based Restricted Stock Units, Achievement Probable
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation		0
2005 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of stock awards		$ 150,000
Vesting percentage		100%
2005 Plan | Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares) | shares		8,300,000
2005 Plan | Common Class C
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares) | shares		34,300,000
2005 Plan | Performance Based Restricted Stock Units | Certain Executives and Key Employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares) | shares		1,700,000	500,000
Shares granted (in dollars per share) | $ / shares		$ 6.93	$ 9.13
2005 Plan | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (over)		2 years
2005 Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (over)		5 years
Director Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of stock awards		$ 100,000
Obligation to issue share (in shares) | shares		1
Period shares delivered following termination of director's service		6 months
ESPPs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
ESPP discount rate from fair market value		15%
ESPPs | Class A Common Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares) | shares		2,700,000
ESPPs | Common Class C
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares) | shares		600,000
ESPP shares granted during period (in shares) | shares	100,000	500,000	500,000	200,000

Stock Based Compensation - Sche

Stock Based Compensation - Schedule Of Stock Options Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Number of Stock Options
Outstanding, beginning of year (in shares)	1,578,000
Granted, at fair market value (in shares)	0
Exercised (in shares)	0
Forfeited (in shares)	0
Outstanding, end of year (in shares)	1,578,000	1,578,000
Options exercisable, end of year (in shares)	1,578,000
Weighted Average Exercise Price
Outstanding, beginning of year (in dollars per share)	$ 19.44
Granted, at fair market value (in dollars per share)	0
Exercised (in dollars per share)	0
Forfeited (in dollars per share)	0
Outstanding, end of year (in dollars per share)	19.44	$ 19.44
Options exercisable, weighted average exercise price per share (in dollars per share)	$ 19.44
Weighted average remaining contractual life (in years)	3 years 9 months 25 days	4 years 9 months 25 days
Options exercisable, weighted average remaining contractual life (in years)	3 years 9 months 25 days
Options outstanding, total intrinsic value	$ 0	$ 0
Options exercisable, end of year	$ 0

Stock Based Compensation - Sc_2

Stock Based Compensation - Schedule Of Restricted Stock And Restricted Stock Units (Details) - Restricted Stock and Restricted Stock Units	12 Months Ended
	Mar. 31, 2024 $ / shares shares
Number of Restricted Shares
Outstanding, beginning of year (in shares) | shares	7,658,000
Granted (in shares) | shares	18,607,000
Forfeited (in shares) | shares	(3,179,000)
Vested (in shares) | shares	(2,310,000)
Outstanding, end of year (in shares) | shares	20,776,000
Weighted Average Grant Date Fair Value
Outstanding, beginning of year (in dollars per share) | $ / shares	$ 13.01
Granted (in dollars per share) | $ / shares	7.71
Forfeited (in dollars per share) | $ / shares	10.15
Vested (in dollars per share) | $ / shares	14.48
Outstanding, end of year (in dollars per share) | $ / shares	$ 8.58

Fair Value Measurements - Finan

Fair Value Measurements - Financial Assets And (Liabilities) Measured At Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
TOLI policies held by the Rabbi Trust (see Note 13)	$ 9,100	$ 7,700
Deferred Compensation Plan obligations (see Note 13)	(16,200)	(14,100)
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
TOLI policies held by the Rabbi Trust (see Note 13)	0	0
Deferred Compensation Plan obligations (see Note 13)	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
TOLI policies held by the Rabbi Trust (see Note 13)	9,105	7,691
Deferred Compensation Plan obligations (see Note 13)	(16,151)	(14,082)
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
TOLI policies held by the Rabbi Trust (see Note 13)	0	0
Deferred Compensation Plan obligations (see Note 13)	0	0
Foreign currency contracts | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative foreign currency contracts (see Note 16)	0	0
Foreign currency contracts | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative foreign currency contracts (see Note 16)	(4,643)	(3,127)
Foreign currency contracts | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative foreign currency contracts (see Note 16)	$ 0	$ 0

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023
Convertible Senior Notes
Debt Instrument [Line Items]
Fair value	$ 80.2	$ 85.8
Senior Notes
Debt Instrument [Line Items]
Fair value	$ 569.1	$ 553.9

Risk Management and Derivativ_3

Risk Management and Derivatives - Balance Sheet Location (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative assets	$ 13,237	$ 23,092
Derivative liabilities	18,932	27,391
Designated as Hedging Instrument | Foreign currency contracts | Other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	10,477	22,473
Designated as Hedging Instrument | Foreign currency contracts | Other long-term assets
Derivatives, Fair Value [Line Items]
Derivative assets	2,760	619
Designated as Hedging Instrument | Foreign currency contracts | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	17,761	21,622
Designated as Hedging Instrument | Foreign currency contracts | Other long-term liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	1,171	5,769
Not Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative assets	559	3,408
Derivative liabilities	600	6,567
Not Designated as Hedging Instrument | Foreign currency contracts | Other current assets
Derivatives, Fair Value [Line Items]
Derivative assets	559	3,408
Not Designated as Hedging Instrument | Foreign currency contracts | Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	600	6,563
Not Designated as Hedging Instrument | Foreign currency contracts | Other long-term liabilities
Derivatives, Fair Value [Line Items]
Derivative liabilities	$ 0	$ 4

Risk Management and Derivativ_4

Risk Management and Derivatives - Hedging Activity (Details) - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Net revenues	$ 1,332,197	$ 1,486,043	$ 1,566,674	$ 1,316,965	$ 1,398,605	$ 1,581,487	$ 1,574,296	$ 1,348,777	$ 1,300,793	$ 5,701,879	$ 5,903,165	$ 5,682,592
Cost of goods sold	732,601	815,404	818,151	705,470	793,112	884,563	860,799	720,860	696,397	3,071,626	3,259,334	2,821,967
Interest income (expense), net	2,478	(211)	(373)	(1,626)	(1,651)	(1,615)	(3,555)	(6,005)	(6,154)	268	(12,826)	(44,300)
Other income (expense), net	$ (3,708)	$ 47,927	$ (6,104)	$ (6,060)	$ (5,740)	$ 42,848	$ (5,771)	$ (14,241)	(107)	32,055	17,096	(51,009)
Net revenues
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) on Cash Flow Hedge Activity									2,049	7,652	44,492	(6,410)
Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) on Cash Flow Hedge Activity									(2,903)	(4,355)	2,016	(11,825)
Interest income (expense), net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) on Cash Flow Hedge Activity									(9)	(36)	(37)	(37)
Other income (expense), net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) on Cash Flow Hedge Activity									$ 0	$ 0	$ 0	$ 0

Risk Management and Derivativ_5

Risk Management and Derivatives - Derivative Other Comprehensive Income Rollforward (Details) - Cash Flow Hedges - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Derivative Asset (Liability) Rollforward [Roll Forward]
Derivative assets (liabilities), beginning balance	$ (2,121)	$ (5,222)	$ (454)	$ (26,449)
Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives	804	(2,584)	41,703	6,056
Amount of gain (loss) reclassified from other comprehensive income (loss) into income	(863)	3,261	46,471	(18,272)
Derivative assets (liabilities), ending balance	(454)	(11,067)	(5,222)	(2,121)
Foreign currency contracts
Derivative Asset (Liability) Rollforward [Roll Forward]
Derivative assets (liabilities), beginning balance	(1,617)	(4,764)	41	(25,908)
Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives	804	(2,584)	41,703	6,056
Amount of gain (loss) reclassified from other comprehensive income (loss) into income	(854)	3,297	46,508	(18,235)
Derivative assets (liabilities), ending balance	41	(10,645)	(4,764)	(1,617)
Interest rate swaps
Derivative Asset (Liability) Rollforward [Roll Forward]
Derivative assets (liabilities), beginning balance	(504)	(458)	(495)	(541)
Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives	0	0	0	0
Amount of gain (loss) reclassified from other comprehensive income (loss) into income	(9)	(36)	(37)	(37)
Derivative assets (liabilities), ending balance	$ (495)	$ (422)	$ (458)	$ (504)

Risk Management and Derivativ_6

Risk Management and Derivatives - Effects of Undesignated Derivatives and Fair Value Hedge Activities (Details) - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Derivative [Line Items]
Other income (expense), net	$ (3,708)	$ 47,927	$ (6,104)	$ (6,060)	$ (5,740)	$ 42,848	$ (5,771)	$ (14,241)	$ (107)	$ 32,055	$ 17,096	$ (51,009)
Other income (expense), net
Derivative [Line Items]
Amount of Gain (Loss) on Fair Value Hedge Activity									$ 4,481	$ 355	$ (7,200)	$ (8,502)

Risk Management and Derivativ_7

Risk Management and Derivatives - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Derivative [Line Items]
Minimum maturity	1 month
Maximum maturity	24 months
Foreign currency contracts | Not Designated as Hedging Instrument
Derivative [Line Items]
Notional amount	$ 449	$ 396.7
Cash Flow Hedges | Foreign currency contracts
Derivative [Line Items]
Notional amount	$ 1,199.1	$ 799.7

Provision for Income Taxes - In

Provision for Income Taxes - Income (Loss) Before Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Income Tax Disclosure [Abstract]
United States									$ (92,270)	$ (17,201)	$ 7,424	$ 180,160
Foreign									36,573	279,275	260,432	199,779
Income (loss) before income taxes	$ (4,784)	$ 119,125	$ 132,996	$ 14,737	$ 22,171	$ 130,724	$ 106,576	$ 8,385	$ (55,697)	$ 262,074	$ 267,856	$ 379,939

Provision for Income Taxes - Co

Provision for Income Taxes - Components Of The Provision For Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Current
Federal									$ 331	$ 19,909	$ 11,529	$ (4,366)
State									99	4,062	3,771	864
Foreign									10,251	29,728	29,198	36,335
Provision for income taxes, current									10,681	53,699	44,498	32,833
Deferred
Federal									159	(22,361)	(160,017)	5,148
State									(4)	90	215	(3,645)
Foreign									(2,655)	(1,422)	6,659	(4,145)
Provision for income taxes, deferred									(2,500)	(23,693)	(153,143)	(2,642)
Income tax expense (benefit)	$ (11,327)	$ 8,569	$ 28,436	$ 4,328	$ (152,497)	$ 17,726	$ 21,489	$ 4,637	$ 8,181	$ 30,006	$ (108,645)	$ 30,191

Provision for Income Taxes - Re

Provision for Income Taxes - Reconciliation From The U.S. Statutory Federal Income Tax Rate To Effective Income Tax Rate (Details) - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Effective Income Tax Rate Reconciliation, Amount [Abstract]
U.S. federal statutory income tax rate									$ (11,696)	$ 55,036	$ 56,250	$ 79,789
State taxes, net of federal tax impact									(5,489)	3,342	7,754	22,960
Effect of foreign earnings									140	(9,684)	(5,238)	(10,328)
Permanent tax (benefits)/nondeductible expenses									(884)	(11,623)	(9,425)	(12,374)
Impact of divestitures									(552)	0	0	7,317
Unrecognized tax benefits									750	7,781	11,654	9,844
International intangible asset									0	(113,688)	0	0
Valuation allowance									26,623	102,669	(169,566)	(62,823)
Federal R&D credit									(1,000)	(3,000)	(3,000)	(4,000)
Other									289	(827)	2,926	(194)
Income tax expense (benefit)	$ (11,327)	$ 8,569	$ 28,436	$ 4,328	$ (152,497)	$ 17,726	$ 21,489	$ 4,637	$ 8,181	$ 30,006	$ (108,645)	$ 30,191
Effective Income Tax Rate Reconciliation, Percent [Abstract]
U.S. federal statutory income tax rate (in percent)									21%	21%	21%	21%
State taxes, net of federal tax impact (in percent)									9.90%	1.30%	2.80%	6%
Foreign rate differential (in percent)									(0.30%)	(3.70%)	(2.00%)	(2.70%)
Permanent tax (benefits)/nondeductible expenses (in percent)									1.60%	(4.40%)	(3.50%)	(3.30%)
Permanent tax (benefits)/nondeductible losses - divestitures (in percent)									1%	0%	0%	1.90%
Unrecognized tax benefits (in percent)									(1.30%)	3%	4.40%	2.60%
Deferred tax benefit - intangible asset (in percent)									0%	(43.60%)	0%	0%
Valuation allowance (in percent)									(47.80%)	39.20%	(63.30%)	(16.50%)
Federal R&D credit (in percent)									1.80%	(1.10%)	(1.10%)	(1.10%)
Other (in percent)									(0.60%)	(0.30%)	1.10%	0%
Effective income tax rate (in percent)									(14.70%)	11.40%	(40.60%)	7.90%

Provision for Income Taxes - Na

Provision for Income Taxes - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Income Tax Examination [Line Items]
Income tax expense (benefit)	$ (11,327)	$ 8,569	$ 28,436	$ 4,328	$ (152,497)	$ 17,726	$ 21,489	$ 4,637	$ 8,181	$ 30,006	$ (108,645)	$ 30,191
U.S. state net operating loss	12,900				15,287					12,900	15,287
U.S. tax credits	4,409				4,567					4,409	4,567
U.S. federal and state capital loss	32,473				45,099					32,473	45,099
Capital loss carryforwards	128,900									$ 128,900
State operating loss carry forwards, expiration period (in years)										2 years
Deferred tax asset valuation allowance	274,829				177,026					$ 274,829	177,026
Deferred tax assets, operating loss carryforwards, foreign, gross	38,000									38,000
Foreign tax credits	10,257				9,522					10,257	9,522
Cash and cash equivalents	632,200									632,200
Undistributed earnings	1,500,000									1,500,000
Unrecognized tax benefits	79,900				70,400					79,900	70,400
Penalties and interest expenses										15,000	8,500
Penalties and interest accrued	6,600				$ 2,700				$ 200	6,600	$ 2,700	$ 1,200
Unrecognized tax benefits that would impact tax rate	55,500									55,500
Unrecognized tax benefits impact other tax accounts	6,400									6,400
Tax Loss Carryforwards And Tax Credits
Income Tax Examination [Line Items]
Deferred tax asset valuation allowance	48,000									48,000
Foreign Deferred Tax Assets
Income Tax Examination [Line Items]
Foreign tax credits	179,200									$ 179,200
Minimum
Income Tax Examination [Line Items]
Expiration period (in years)										10 years
Carryforwards, expiration period (in years)										3 years
Maximum
Income Tax Examination [Line Items]
Expiration period (in years)										20 years
Carryforwards, expiration period (in years)										15 years
State and Local Jurisdiction
Income Tax Examination [Line Items]
Operating loss carryforwards with definite lives	256,000									$ 256,000
Foreign Tax Authority
Income Tax Examination [Line Items]
Deferred tax assets, operating loss carryforwards, foreign, gross	$ 187,800									$ 187,800

Provision for Income Taxes - De

Provision for Income Taxes - Deferred Tax Assets And Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Deferred tax assets
Operating lease liabilities	$ 187,289	$ 213,381
Intangible assets	134,357	22,923
Reserves and accrued liabilities	60,843	44,957
Capitalized research expenditures	57,348	35,539
Foreign net operating loss carry-forwards	37,951	33,492
U.S. federal and state capital loss	32,473	45,099
Inventory	22,609	33,768
Deductions limited by income	13,119	5,957
U.S. state net operating loss	12,900	15,287
Stock-based compensation	10,379	8,076
Foreign tax credits	10,257	9,522
Allowance for doubtful accounts and sales return reserves	8,739	13,112
Property and equipment	5,042	0
U.S. tax credits	4,409	4,567
Convertible debt instruments	122	725
Other	8,383	8,674
Total deferred tax assets	606,220	495,079
Less: valuation allowance	(274,829)	(177,026)
Total net deferred tax assets	331,391	318,053
Deferred tax liabilities
Right-of-use asset	(104,665)	(122,286)
Prepaid expenses	(2,978)	(4,875)
Property and equipment	0	(3,415)
Other	(3,796)	(1,888)
Total deferred tax liabilities	(111,439)	(132,464)
Total deferred tax assets, net	$ 219,952	$ 185,589

Provision for Income Taxes - Un

Provision for Income Taxes - Unrecognized Tax Benefits Balances (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning of period	$ 52,150	$ 61,945	$ 52,867	$ 43,308
Increases as a result of tax positions taken in a prior period	159	5,909	4,987	6,713
Decreases as a result of tax positions taken in a prior period	(37)	(2,921)	(598)	(332)
Increases as a result of tax positions taken during the current period	595	855	4,689	2,461
Reductions as a result of a lapse of limitations during the current period	0	(856)	0	0
End of period	$ 52,867	$ 64,932	$ 61,945	$ 52,150

Earnings per Share - Schedule O

Earnings per Share - Schedule Of Reconciliation Of Basic Earnings Per Share To Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Numerator
Net income (loss) - Basic	$ 6,568	$ 110,753	$ 104,711	$ 10,010	$ 174,360	$ 113,070	$ 84,179	$ 2,850	$ (63,146)	$ 232,042	$ 374,459	$ 351,003
Interest on Convertible Senior Notes due 2024, net of tax									0	901	899	0
Net income (loss) - Diluted									$ (63,146)	$ 232,943	$ 375,358	$ 351,003
Denominator
Weighted average common shares outstanding Class A, B and C - Basic (in shares)									471,425	440,324	451,426	465,504
Dilutive effect of Class A, B, and C securities (in shares)									0	2,445	1,841	3,035
Dilutive effect of Convertible Senior Notes due 2024 (in shares)									0	8,242	8,242	105
Weighted average common shares and dilutive securities outstanding Class A, B, and C (in shares)									471,425	451,011	461,509	468,644
Basic net income (loss) per share of Class A, B and C common stock (in dollars per share)	$ 0.02	$ 0.25	$ 0.24	$ 0.02	$ 0.39	$ 0.25	$ 0.19	$ 0.01	$ (0.13)	$ 0.53	$ 0.83	$ 0.75
Diluted net income (loss) per share of Class A, B and C common stock (in dollars per share)	$ 0.02	$ 0.25	$ 0.23	$ 0.02	$ 0.38	$ 0.25	$ 0.18	$ 0.01	$ (0.13)	$ 0.52	$ 0.81	$ 0.75
Stock Options and RSUs Representing Class A and Class C Common Stock
Denominator
Class A and Class C securities excluded as anti-dilutive (in shares)									6,539	15,076	6,989	1,578

Segment Data - Geographic Distr

Segment Data - Geographic Distribution Of The Company's Net Revenues And Operating Income (Details) $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2024 USD ($) industry	Dec. 31, 2023 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Sep. 30, 2022 USD ($)	Jun. 30, 2022 USD ($)	Mar. 31, 2022 USD ($)	Mar. 31, 2024 USD ($) industry	Mar. 31, 2023 USD ($)	Dec. 31, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of industries per segment | industry	1									1
Net revenues	$ 1,332,197	$ 1,486,043	$ 1,566,674	$ 1,316,965	$ 1,398,605	$ 1,581,487	$ 1,574,296	$ 1,348,777	$ 1,300,793	$ 5,701,879	$ 5,903,165	$ 5,682,592
Operating income (loss)	(3,554)	71,409	139,473	22,423	29,562	89,491	115,902	28,631	(49,436)	229,751	263,586	475,248
Interest expense, net	2,478	(211)	(373)	(1,626)	(1,651)	(1,615)	(3,555)	(6,005)	(6,154)	268	(12,826)	(44,300)
Other income (expense), net	(3,708)	47,927	(6,104)	(6,060)	(5,740)	42,848	(5,771)	(14,241)	(107)	32,055	17,096	(51,009)
Income (loss) before income taxes	$ (4,784)	$ 119,125	$ 132,996	$ 14,737	$ 22,171	$ 130,724	$ 106,576	$ 8,385	(55,697)	262,074	267,856	379,939
Corporate Other
Segment Reporting Information [Line Items]
Net revenues									4,240	12,297	51,466	3,573
Operating income (loss)									(242,183)	(782,387)	(686,994)	(773,704)
North America | Operating Segments
Segment Reporting Information [Line Items]
Net revenues									840,949	3,505,167	3,820,522	3,809,498
Operating income (loss)									150,604	677,882	714,656	961,051
EMEA | Operating Segments
Segment Reporting Information [Line Items]
Net revenues									228,056	1,081,915	992,624	842,511
Operating income (loss)									30,336	176,205	112,161	132,602
Asia-Pacific | Operating Segments
Segment Reporting Information [Line Items]
Net revenues									181,908	873,019	825,338	831,762
Operating income (loss)									5,464	119,650	100,276	132,911
Latin America | Operating Segments
Segment Reporting Information [Line Items]
Net revenues									45,640	229,481	213,215	195,248
Operating income (loss)									$ 6,343	$ 38,401	$ 23,487	$ 22,388

Segment Data - Long-lived Asset

Segment Data - Long-lived Assets by Geographical Area (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	$ 1,099,202	$ 1,134,140
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	877,558	893,943
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	16,748	15,671
North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	894,306	909,614
Other foreign countries
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	$ 204,896	$ 224,526

Related Party Transaction - Nar

Related Party Transaction - Narrative (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended	12 Months Ended
	Jun. 30, 2016	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Related Party Transaction [Line Items]
Purchases from related party	$ 70.3
Related Party Operating Lease Agreement Aircraft
Related Party Transaction [Line Items]
Related party transaction		$ 0.5	$ 1.6	$ 2	$ 2

Revision of Previously Issued_3

Revision of Previously Issued Interim Financial Statements (Unaudited) - Consolidated Statements of Operations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended									12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net revenues	$ 1,332,197	$ 1,486,043	$ 1,566,674	$ 1,316,965	$ 1,398,605	$ 1,581,487	$ 1,574,296	$ 1,348,777	$ 1,300,793	$ 5,701,879	$ 5,903,165	$ 5,682,592
Cost of goods sold	732,601	815,404	818,151	705,470	793,112	884,563	860,799	720,860	696,397	3,071,626	3,259,334	2,821,967
Gross profit	599,596	670,639	748,523	611,495	605,493	696,924	713,497	627,917	604,396	2,630,253	2,643,831	2,860,625
Selling, general and administrative expenses	603,150	599,230	609,050	589,072	575,931	607,433	597,595	599,286	597,158	2,400,502	2,380,245	2,344,859
Income (loss) from operations	(3,554)	71,409	139,473	22,423	29,562	89,491	115,902	28,631	(49,436)	229,751	263,586	475,248
Interest income (expense), net	2,478	(211)	(373)	(1,626)	(1,651)	(1,615)	(3,555)	(6,005)	(6,154)	268	(12,826)	(44,300)
Other income (expense), net	(3,708)	47,927	(6,104)	(6,060)	(5,740)	42,848	(5,771)	(14,241)	(107)	32,055	17,096	(51,009)
Income (loss) before income taxes	(4,784)	119,125	132,996	14,737	22,171	130,724	106,576	8,385	(55,697)	262,074	267,856	379,939
Income tax expense (benefit)	(11,327)	8,569	28,436	4,328	(152,497)	17,726	21,489	4,637	8,181	30,006	(108,645)	30,191
Income (loss) from equity method investments	25	197	151	(399)	(308)	72	(908)	(898)	732	(26)	(2,042)	1,255
Net income (loss)	$ 6,568	$ 110,753	$ 104,711	$ 10,010	$ 174,360	$ 113,070	$ 84,179	$ 2,850	$ (63,146)	$ 232,042	$ 374,459	$ 351,003
Basic net income (loss) per share (in dollars per share)	$ 0.02	$ 0.25	$ 0.24	$ 0.02	$ 0.39	$ 0.25	$ 0.19	$ 0.01	$ (0.13)	$ 0.53	$ 0.83	$ 0.75
Diluted net income (loss) per share (in dollars per share)	$ 0.02	$ 0.25	$ 0.23	$ 0.02	$ 0.38	$ 0.25	$ 0.18	$ 0.01	$ (0.13)	$ 0.52	$ 0.81	$ 0.75
As Previously Reported
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net revenues		$ 1,486,095	$ 1,566,710	$ 1,317,012	$ 1,398,913	$ 1,581,781	$ 1,573,885	$ 1,349,057	$ 1,300,945		$ 5,903,636	$ 5,683,466
Cost of goods sold		814,914	814,715	709,276	792,009	883,376	860,051	718,860	695,781		3,254,296	2,821,967
Gross profit		671,181	751,995	607,736	606,904	698,405	713,834	630,197	605,164		2,649,340	2,861,499
Selling, general and administrative expenses		601,661	606,236	586,806	571,645	603,746	594,424	595,714	594,446		2,365,529	2,334,691
Income (loss) from operations		69,520	145,759	20,930	35,259	94,659	119,410	34,483	(45,956)		283,811	486,290
Interest income (expense), net		(211)	(373)	(1,626)	(1,651)	(1,615)	(3,555)	(6,005)	(6,154)		(12,826)	(44,300)
Other income (expense), net		49,636	(6,429)	(6,385)	(10,520)	47,312	(5,771)	(14,241)	(51)		16,780	(51,113)
Income (loss) before income taxes		118,945	138,957	12,919	23,088	140,356	110,084	14,237	(52,161)		287,765	390,877
Income tax expense (benefit)		4,999	29,494	3,971	(147,765)	18,811	22,251	5,657	8,181		(101,046)	32,072
Income (loss) from equity method investments		197	151	(399)	(308)	72	(908)	(898)	732		(2,042)	1,255
Net income (loss)		$ 114,143	$ 109,614	$ 8,549	$ 170,545	$ 121,617	$ 86,925	$ 7,682	$ (59,610)		$ 386,769	$ 360,060
Basic net income (loss) per share (in dollars per share)		$ 0.26	$ 0.25	$ 0.02	$ 0.38	$ 0.27	$ 0.19	$ 0.02	$ (0.13)		$ 0.86	$ 0.77
Diluted net income (loss) per share (in dollars per share)		$ 0.26	$ 0.24	$ 0.02	$ 0.38	$ 0.27	$ 0.19	$ 0.02	$ (0.13)		$ 0.84	$ 0.77
Adjustments
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Net revenues		$ (52)	$ (36)	$ (47)	$ (308)	$ (294)	$ 411	$ (280)	$ (152)		$ (471)	$ (874)
Cost of goods sold		490	3,436	(3,806)	1,103	1,187	748	2,000	616		5,038	0
Gross profit		(542)	(3,472)	3,759	(1,411)	(1,481)	(337)	(2,280)	(768)		(5,509)	(874)
Selling, general and administrative expenses		(2,431)	2,814	2,266	4,286	3,687	3,171	3,572	2,712		14,716	10,168
Income (loss) from operations		1,889	(6,286)	1,493	(5,697)	(5,168)	(3,508)	(5,852)	(3,480)		(20,225)	(11,042)
Interest income (expense), net		0	0	0	0	0	0	0	0		0	0
Other income (expense), net		(1,709)	325	325	4,780	(4,464)	0	0	(56)		316	104
Income (loss) before income taxes		180	(5,961)	1,818	(917)	(9,632)	(3,508)	(5,852)	(3,536)		(19,909)	(10,938)
Income tax expense (benefit)		3,570	(1,058)	357	(4,732)	(1,085)	(762)	(1,020)	0		(7,599)	(1,881)
Income (loss) from equity method investments		0	0	0	0	0	0	0	0		0	0
Net income (loss)		$ (3,390)	$ (4,903)	$ 1,461	$ 3,815	$ (8,547)	$ (2,746)	$ (4,832)	$ (3,536)		$ (12,310)	$ (9,057)
Basic net income (loss) per share (in dollars per share)		$ (0.01)	$ (0.01)	$ 0	$ 0.01	$ (0.02)	$ 0	$ (0.01)	$ 0		$ (0.03)	$ (0.02)
Diluted net income (loss) per share (in dollars per share)		$ (0.01)	$ (0.01)	$ 0	$ 0	$ (0.02)	$ (0.01)	$ (0.01)	$ 0		$ (0.03)	$ (0.02)

Subsequent Events (Details)

Subsequent Events (Details) - USD ($)		3 Months Ended	12 Months Ended
	May 15, 2024	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Subsequent Event [Line Items]
Restructuring and impairment charges		$ 56,674,000	$ 0	$ 0	$ 40,518,000
Subsequent Event
Subsequent Event [Line Items]
Net additions (recoveries) charged to expense	$ 50,000,000
Non cash charges	40,000,000
Subsequent Event | Employee Related Costs
Subsequent Event [Line Items]
Net additions (recoveries) charged to expense	15,000,000
Non cash charges	7,000,000
Subsequent Event | Consulting Services
Subsequent Event [Line Items]
Net additions (recoveries) charged to expense	35,000,000
Subsequent Event | Software and Asset-Related Impairments
Subsequent Event [Line Items]
Non cash charges	33,000,000
Subsequent Event | Minimum
Subsequent Event [Line Items]
Restructuring and impairment charges	70,000,000
Subsequent Event | Maximum
Subsequent Event [Line Items]
Restructuring and impairment charges	90,000,000
Subsequent Event | Common Class C
Subsequent Event [Line Items]
Stock repurchase program, authorized amount	$ 500,000,000

Schedule II Valuation and Qua_2

Schedule II Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2021
Allowance for doubtful accounts
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	$ 7,128	$ 10,813	$ 7,113	$ 20,350
Charged to Costs and Expenses	(36)	6,061	5,193	(3,821)
Write-Offs Net of Recoveries	21	(1,880)	(1,493)	(9,401)
Balance at End of Year	7,113	14,994	10,813	7,128
Sales returns and allowances
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	69,070	70,191	70,136	94,179
Charged to Costs and Expenses	(23,649)	(146,700)	(125,816)	(96,632)
Write-Offs Net of Recoveries	24,715	135,727	125,871	71,523
Balance at End of Year	70,136	59,218	70,191	69,070
Deferred tax asset valuation allowance
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	318,815	177,026	351,603	389,026
Charged to Costs and Expenses	34,142	116,254	6,186	12,604
Write-Offs Net of Recoveries	(1,354)	(18,451)	(180,763)	(82,815)
Balance at End of Year	$ 351,603	$ 274,829	$ 177,026	$ 318,815