During Fiscal 2025, the Company's Board of Directors approved a restructuring plan (the "2025 restructuring plan"), designed to strengthen and support the Company's financial and operational efficiencies. On May 11, 2026, the Company's Board of Directors approved an increase of up to $50 million of additional charges, resulting in a total restructuring plan of approximately $305 million, including:

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

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

As of March 31, 2026, the Company has recorded $260.7 million of restructuring and related charges under the 2025 restructuring plan. The 2025 restructuring plan is now expected to be substantially complete by December 31, 2026.

Restructuring and related charges are excluded from the Company's segment profitability measures. The Company reports restructuring and related charges within Corporate Other, which is designed to provide increased transparency and comparability of operating segments' performance.

For Fiscal 2026, the restructuring and related charges included $152.6 million relating to North America, $10.4 million relating to Asia-Pacific, $6.4 million relating to EMEA and $2.1 million relating to Latin America.

For Fiscal 2025, the restructuring and related charges included $75.9 million relating to North America, $12.1 million relating to EMEA, and $6.4 million relating to Asia-Pacific. These charges were offset by a net gain of $5.3 million from the sale of the MapMyFitness platform, relating to the Corporate Other non-operating segment.


	Year Ended March 31,				Estimated Restructuring and Related Charges
	2026		2025		Remaining to be incurred		Total to be incurred
Costs recorded in cost of goods sold:
Inventory-related costs(1)	$	13,193	$	—
Total costs recorded in cost of goods sold	$	13,193	$	—	$	—	$	13,193
Costs recorded in restructuring charges:
Employee-related costs	$	9,081	$	14,767
Facility-related costs(2)	35,938		25,495
Other restructuring costs(3)	82,700		17,707
Total costs recorded in restructuring charges	$	127,719	$	57,969	$	34,045	$	219,733
Costs recorded in selling, general and administrative expenses:
Employee-related costs	$	5,639	$	9,460
Other transformation initiatives	24,956		21,733
Total costs recorded in selling, general and administrative expenses	$	30,595	$	31,193	$	10,286	$	72,074
Total restructuring and related charges	$	171,507	$	89,162	$	44,331	$	305,000

(2) Facility-related costs for Fiscal 2026 include an impairment charge of $15.9 million relating to the previously disclosed decision to exit the Company's distribution facility in Rialto, California.

Restructuring and related charges and recoveries require the Company to make certain judgments and estimates regarding the amount and timing as to when these charges or recoveries occur. The estimated liability could change subsequent to its recognition, requiring adjustments to the expense and the liability recorded. The restructuring reserve is recorded within current liabilities on the Consolidated Balance Sheets. On a quarterly basis, the Company conducts an evaluation of the related liabilities and expenses and revises its assumptions and estimates as appropriate, as new or updated information becomes available.


	Employee-Related Costs		Facility-Related Costs		Other Restructuring Related Costs		Total
Balance as of March 31, 2025	$	3,935	$	712	$	10,698	$	15,345
Net additions (recoveries) charged to expense (1)	9,081		6,493		12,892		28,466
Cash payments	(12,284)		(6,652)		(21,670)		(40,606)
Foreign exchange and other	(11)		(2)		(34)		(47)
Balance as of March 31, 2026	$	721	$	551	$	1,886	$	3,158