v3.25.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities    
Net income (loss) $ (452,253) $ (133,810)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Depreciation and amortization 83,535 96,786
Unrealized foreign currency exchange rate (gain) loss (49) 8,072
Loss on disposal of property and equipment 3,932 4,039
Non-cash restructuring and impairment charges 99,538 38,575
Amortization of bond premium and debt issuance costs 2,141 1,703
Stock-based compensation 35,786 40,794
Deferred income taxes 217,406 (8,784)
Changes in reserves and allowances (7,218) 10,480
Changes in operating assets and liabilities:    
Accounts receivable 64,861 136,658
Inventories (121,628) (149,362)
Prepaid expenses and other assets (48,163) 2,988
Other non-current assets (27,251) (39,662)
Accounts payable 252,753 172,504
Accrued expenses and other liabilities 114,251 (65,207)
Customer refund liabilities (2,407) 30,838
Income taxes payable and receivable 41,845 (3,732)
Net cash provided by (used in) operating activities 257,079 142,880
Cash flows from investing activities    
Purchases of property and equipment (71,968) (139,860)
Purchase of restricted investment (601,235) 0
Sale of MyFitnessPal platform 0 50,000
Sale of MapMyFitness platform 0 8,000
Purchase of UNLESS COLLECTIVE, Inc, net of cash acquired (500) (9,788)
Purchase of equity method investment in ISC Sport 0 (7,546)
Net cash provided by (used in) investing activities (673,703) (99,194)
Cash flows from financing activities    
Common stock repurchased (25,000) (65,000)
Proceeds from long-term debt and revolving credit facility 600,000 0
Repayment of long-term debt and revolving credit facility (200,000) (80,919)
Employee taxes paid for shares withheld for income taxes (8,036) (9,000)
Excise tax paid on repurchases of common stock (743) 0
Proceeds from exercise of stock options and other stock issuances 1,657 1,852
Payments of debt financing costs (7,392) (1,388)
Net cash provided by (used in) financing activities 360,486 (154,455)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 9,480 (20,982)
Net increase in (decrease in) cash, cash equivalents and restricted cash (46,658) (131,751)
Cash, cash equivalents and restricted cash    
Beginning of period 515,051 876,917
End of period 468,393 745,166
Non-cash investing and financing activities    
Change in accrual for property and equipment $ (21,846) $ (8,587)