| Schedule of Reconciliation of Revenue from Segments to Consolidated |
The following tables summarize the Company's net revenues, significant expenses and operating income (loss) by its geographic segments, including a reconciliation to income before taxes. Other segment expenses generally include cost of goods sold, as well as selling, general and administrative costs including compensation-related expenses, facility-related expenses, selling and distribution expenses, consulting expenses, depreciation and amortization, bad debt, and other miscellaneous expenses. Intercompany balances are eliminated in consolidation and are not reviewed when evaluating segment performance. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended December 31, 2025 | | North America | | EMEA | | Asia-Pacific | | Latin America | | Total Reportable Segments | | Corporate Other | | Total | | Net revenues | $ | 756,726 | | | $ | 315,751 | | | $ | 190,885 | | | $ | 70,603 | | | $ | 1,333,965 | | | $ | (6,204) | | | $ | 1,327,761 | | | Less: | | | | | | | | | | | | | | | Marketing and advertising costs | 63,462 | | | 40,594 | | | 17,885 | | | 2,943 | | | 124,884 | | | 14,916 | | | 139,800 | | Other segment expenses(1) | 587,362 | | | 225,771 | | | 152,046 | | | 59,656 | | | 1,024,835 | | | 312,906 | | | 1,337,741 | | | Total operating income (loss) | $ | 105,902 | | | $ | 49,386 | | | $ | 20,954 | | | $ | 8,004 | | | $ | 184,246 | | | $ | (334,026) | | | $ | (149,780) | | | Interest income (expense), net | | | | | | | | | | | | | (8,892) | | | Other income (expense), net | | | | | | | | | | | | | (1,584) | | | Income (loss) before income taxes | | | | | | | | | | | | $ | (160,256) | |
(1) Other segment expenses within Corporate Other includes $77.7 million of restructuring and related charges incurred under the 2025 restructuring plan (refer to Note 11) and $98.5 million of litigation reserve expense related to the previously disclosed insurance carrier litigation described in Note 8. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended December 31, 2024 | | North America | | EMEA | | Asia-Pacific | | Latin America | | Total Reportable Segments | | Corporate Other | | Total | | Net revenues | $ | 843,620 | | | $ | 297,890 | | | $ | 201,112 | | | $ | 58,990 | | | $ | 1,401,612 | | | $ | (573) | | | $ | 1,401,039 | | | Less: | | | | | | | | | | | | | | | Marketing and advertising costs | 65,853 | | | 41,781 | | | 22,258 | | | 2,232 | | | 132,124 | | | 27,857 | | | 159,981 | | Other segment expenses(1) | 613,699 | | | 213,999 | | | 164,845 | | | 42,572 | | | 1,035,115 | | | 192,434 | | | 1,227,549 | | | Total operating income (loss) | $ | 164,068 | | | $ | 42,110 | | | $ | 14,009 | | | $ | 14,186 | | | $ | 234,373 | | | $ | (220,864) | | | $ | 13,509 | | | Interest income (expense), net | | | | | | | | | | | | | (3,391) | | | Other income (expense), net | | | | | | | | | | | | | (2,563) | | | Income (loss) before income taxes | | | | | | | | | | | | $ | 7,555 | |
(1) Other segment expenses within Corporate Other includes $17.8 million of restructuring and related charges incurred under the 2025 restructuring plan (refer to Note 11) and an impairment charge of $28.4 million relating to vacating the Company's former global headquarters.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended December 31, 2025 | | North America | | EMEA | | Asia-Pacific | | Latin America | | Total Reportable Segments | | Corporate Other | | Total | | Net revenues | $ | 2,218,547 | | | $ | 882,037 | | | $ | 533,446 | | | $ | 178,992 | | | $ | 3,813,022 | | | $ | (17,813) | | | $ | 3,795,209 | | | Less: | | | | | | | | | | | | | | | Marketing and advertising costs | 172,201 | | | 99,069 | | | 60,420 | | | 8,564 | | | 340,254 | | | 64,266 | | | 404,520 | | Other segment expenses(1) | 1,681,051 | | | 641,338 | | | 409,294 | | | 151,222 | | | 2,882,905 | | | 637,195 | | | 3,520,100 | | | Total operating income (loss) | $ | 365,295 | | | $ | 141,630 | | | $ | 63,732 | | | $ | 19,206 | | | $ | 589,863 | | | $ | (719,274) | | | $ | (129,411) | | | Interest income (expense), net | | | | | | | | | | | | | (21,548) | | | Other income (expense), net | | | | | | | | | | | | | (7,221) | | | Income (loss) before income taxes | | | | | | | | | | | | $ | (158,180) | |
(1) Other segment expenses within Corporate Other includes $135.1 million of restructuring and related charges incurred under the 2025 restructuring plan (refer to Note 11) and $98.5 million of litigation reserve expense related to the previously disclosed insurance carrier litigation proceedings described in Note 8.
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Nine Months Ended December 31, 2024 | | North America | | EMEA | | Asia-Pacific | | Latin America | | Total Reportable Segments | | Corporate Other | | Total | | Net revenues | $ | 2,416,225 | | | $ | 807,960 | | | $ | 590,609 | | | $ | 170,340 | | | $ | 3,985,134 | | | $ | (1,407) | | | $ | 3,983,727 | | | Less: | | | | | | | | | | | | | | | Marketing and advertising costs | 157,968 | | | 101,456 | | | 71,646 | | | 5,295 | | | 336,365 | | | 70,560 | | | 406,925 | | Other segment expenses(1) | 1,729,041 | | | 592,343 | | | 460,805 | | | 123,517 | | | 2,905,706 | | | 784,235 | | | 3,689,941 | | | Total operating income (loss) | $ | 529,216 | | | $ | 114,161 | | | $ | 58,158 | | | $ | 41,528 | | | $ | 743,063 | | | $ | (856,202) | | | $ | (113,139) | | | Interest income (expense), net | | | | | | | | | | | | | (2,794) | | | Other income (expense), net | | | | | | | | | | | | | (8,713) | | | Income (loss) before income taxes | | | | | | | | | | | | $ | (124,646) | |
(1) Other segment expenses within Corporate Other includes $57.4 million of restructuring and related charges incurred under the 2025 restructuring plan (refer to Note 11), an impairment charge of $28.4 million relating to vacating the Company's former global headquarters and $261 million of litigation expense, net of insurance proceeds, related to the settlement of the Class Action Securities litigation (refer to Note 10 of the Consolidated Financial Statements in Part II, Item 8 of the Company's Annual Report on Form 10-K for Fiscal 2025).
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