v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities      
Net income (loss) $ (495,643) $ (201,267) $ 232,042
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities      
Depreciation and amortization 109,623 135,804 142,590
Unrealized foreign currency exchange rate (gain) loss 8,485 (14,636) 16,080
Loss on disposal of property and equipment 4,508 6,373 1,623
Non-cash restructuring and impairment charges 105,293 53,765 6,179
Amortization of bond premium and debt issuance costs 2,854 2,319 2,034
Stock-based compensation 45,625 52,974 42,998
Deferred income taxes 243,364 (61,794) (23,693)
Changes in reserves and allowances (13,289) 4,409 13,612
Changes in operating assets and liabilities:      
Accounts receivable (1,076) 79,981 (3,906)
Inventories 39,309 10,941 216,484
Prepaid expenses and other assets (31,818) 13,116 (29,060)
Other non-current assets (90,002) (41,777) 34,920
Accounts payable 5,928 (58,465) (197,887)
Accrued expenses and other liabilities 10,463 (62,675) (18,267)
Customer refund liabilities (19,773) 6,805 (21,427)
Income taxes payable and receivable 1,061 14,808 (60,352)
Net cash provided by (used in) operating activities (75,088) (59,319) 353,970
Cash flows from investing activities      
Purchases of property and equipment (87,075) (168,684) (150,333)
Purchase of restricted investment (601,235) 0 0
Sale of MyFitnessPal platform 0 50,000 45,000
Sale of MapMyFitness platform 0 8,000 0
Purchase of UNLESS COLLECTIVE, Inc, net of cash acquired (500) (8,120) 0
Purchase of equity method investment in ISC Sport 0 (7,546) 0
Net cash provided by (used in) investing activities (688,810) (126,350) (105,333)
Cash flows from financing activities      
Common stock repurchased (25,000) (90,000) (75,000)
Proceeds from long-term debt and revolving credit facility 890,000 0 0
Repayment of long-term debt and revolving credit facility (290,000) (80,919) 0
Employee taxes paid for shares withheld for income taxes (8,284) (9,686) (6,163)
Excise tax paid on repurchases of common stock (743) (628) 0
Proceeds from exercise of stock options and other stock issuances 2,190 2,494 3,193
Payments of debt financing costs (7,535) (2,067) (720)
Net cash provided by (used in) financing activities 560,628 (180,806) (78,690)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 280 4,609 (19,775)
Net increase (decrease) in cash, cash equivalents and restricted cash (202,990) (361,866) 150,172
Cash, cash equivalents and restricted cash      
Beginning of period 515,051 876,917 726,745
End of period 312,061 515,051 876,917
Non-cash investing and financing activities      
Accrual for property and equipment 11,217 25,225 13,902
Other supplemental information      
Cash paid (received) for income taxes, net of refunds 41,870 28,917 83,133
Cash paid (received) for interest, net of capitalized interest 34,008 10,545 4,428
Reconciliation of cash, cash equivalents and restricted cash      
Cash and cash equivalents 309,168 501,361 858,691
Restricted cash 2,893 13,690 18,226
Total cash, cash equivalents and restricted cash $ 312,061 $ 515,051 $ 876,917