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P1M P10Y P3Y 10-K true 2025-03-31 --03-31 false 001-33202 UNDER ARMOUR, INC. MD 52-1990078 101 Performance Drive Baltimore MD 21230 410 468-2512 Class A Common Stock UAA NYSE Class C Common Stock UA NYSE Yes No Yes Yes Large Accelerated Filer false false true false false 1678862452 1564372255 188822726 34450000 202847601 <div style="margin-bottom:3pt;margin-top:3pt">Portions of Under Armour, Inc.’s Proxy Statement for the Annual Meeting of Stockholders to be held on September 3, 2025 are incorporated by reference in Part III of this Annual Report on Form 10-K.</div> <div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">We recognize the importance of protecting consumer and employee data and maintaining the safety and security of our information systems. We identify, assess and manage material risks on an enterprise basis through our global enterprise risk management (“ERM”) program. We maintain a cybersecurity program designed to detect, identify, classify and mitigate cybersecurity and other data security threats, which is aligned to and informed by our ERM program. Our cybersecurity program takes into consideration, among other things, compliance requirements, risks to our revenue channels, risks posed by third-party engagements, consumer and employee data security and global enterprise security. We engage independent third parties to conduct regular penetration testing and targeted security audits of our information systems. In addition, we engage a third-party vendor to conduct 24/7 monitoring of cybersecurity alerts. In the event we identify or are notified of a potential cybersecurity, privacy or other data security incident, we have a data incident response plan that defines procedures for responding to such incidents, including when and how to engage with our executive leadership team, our Board of Directors, other stakeholders and law enforcement, as applicable. We also maintain cyber liability insurance to help defray financial losses arising out of a cyber security incident; our insurance, however, may not cover all types of cybersecurity incidents or all losses that we incur. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">We have adopted, and periodically review and update, information security and privacy notices, policies and procedures. We maintain annual cybersecurity and data privacy training for all employees with access to our corporate systems. In addition, as part of our Payment Card Industry Data Security Standard compliance, we maintain annual role-based training on protecting payment card information for all relevant employees. We conduct proactive incident preparedness activities focused on cybersecurity risks and business continuity, such as annual table-top exercises with our senior management, as well as periodic phishing simulations to test our employees’ responses to suspicious emails.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">We utilize third-party service providers as a part of our day-to-day business operations. Certain of the networks and systems used to conduct our operations are managed by such third-party service providers and are not under our direct control. To address cybersecurity risk to our operations arising from our relationships with third-party service providers, we maintain a third-party risk management program, which includes cybersecurity and data privacy assessments during vendor onboarding to identify and classify risk based on several factors, including the type of data handled by the third-party service provider and the potential impact to our business if there were a significant disruption to the third-party service or system.</div> We identify, assess and manage material risks on an enterprise basis through our global enterprise risk management (“ERM”) program. We maintain a cybersecurity program designed to detect, identify, classify and mitigate cybersecurity and other data security threats, which is aligned to and informed by our ERM program. Our cybersecurity program takes into consideration, among other things, compliance requirements, risks to our revenue channels, risks posed by third-party engagements, consumer and employee data security and global enterprise security. true true true <div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">Our Board has delegated primary responsibility to oversee the management of risks related to information technology use and protection, including cybersecurity and data privacy, to the Audit Committee, while retaining oversight of management's overall approach to risk management. The Audit Committee receives regular reports regarding our cybersecurity risks through two annual briefings by senior management, including our Chief Information Security Officer ("CISO") and head of data privacy, and additional periodic updates as appropriate. At each Board meeting, the chairperson of the Audit Committee and the Corporate Secretary report on the Audit Committee’s activities, including risk management, which provides an opportunity to discuss significant cybersecurity risks with the full Board. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">Our CISO leads our global cybersecurity team and is responsible for our cybersecurity program. Our current CISO has served in various roles in information technology and information security for over twenty years, including at our Company since 2013. He holds an MBA and a Certified Information Systems Security Professional certification. Our CISO reports to our Chief Technology Officer, who reports to our Chief Executive Officer.</div> <div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">Our Board has delegated primary responsibility to oversee the management of risks related to information technology use and protection, including cybersecurity and data privacy, to the Audit Committee, while retaining oversight of management's overall approach to risk management. The Audit Committee receives regular reports regarding our cybersecurity risks through two annual briefings by senior management, including our Chief Information Security Officer ("CISO") and head of data privacy, and additional periodic updates as appropriate. At each Board meeting, the chairperson of the Audit Committee and the Corporate Secretary report on the Audit Committee’s activities, including risk management, which provides an opportunity to discuss significant cybersecurity risks with the full Board. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">Our CISO leads our global cybersecurity team and is responsible for our cybersecurity program. Our current CISO has served in various roles in information technology and information security for over twenty years, including at our Company since 2013. He holds an MBA and a Certified Information Systems Security Professional certification. Our CISO reports to our Chief Technology Officer, who reports to our Chief Executive Officer.</div> Our Board has delegated primary responsibility to oversee the management of risks related to information technology use and protection, including cybersecurity and data privacy, to the Audit Committee, while retaining oversight of management's overall approach to risk management. The Audit Committee receives regular reports regarding our cybersecurity risks through two annual briefings by senior management, including our Chief Information Security Officer ("CISO") and head of data privacy, and additional periodic updates as appropriate. At each Board meeting, the chairperson of the Audit Committee and the Corporate Secretary report on the Audit Committee’s activities, including risk management, which provides an opportunity to discuss significant cybersecurity risks with the full Board. true The Audit Committee receives regular reports regarding our cybersecurity risks through two annual briefings by senior management, including our Chief Information Security Officer ("CISO") and head of data privacy, and additional periodic updates as appropriate. true <div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">Our CISO leads our global cybersecurity team and is responsible for our cybersecurity program. Our current CISO has served in various roles in information technology and information security for over twenty years, including at our Company since 2013. He holds an MBA and a Certified Information Systems Security Professional certification. Our CISO reports to our Chief Technology Officer, who reports to our Chief Executive Officer.</div> Our CISO leads our global cybersecurity team and is responsible for our cybersecurity program. Our current CISO has served in various roles in information technology and information security for over twenty years, including at our Company since 2013. He holds an MBA and a Certified Information Systems Security Professional certification. false PricewaterhouseCoopers LLP Baltimore, Maryland

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DESCRIPTION OF BUSINESS AND BASIS OF PRESENTATION<div style="margin-bottom:5pt;margin-top:10pt">Business</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 athletes with innovative performance and design solutions they can't live without. The Company's products are made, sold and worn worldwide.</div><div style="margin-bottom:5pt;margin-top:10pt">Basis of Presentation</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Reclassifications</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:10pt">Management Estimates</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">As the impacts of major global events, including recent and potential changes in global trade policy, 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. Refer to the risk factors discussed in Part I, Item 1A "Risk Factors" of this Annual Report on Form 10-K.</div>

<div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Reclassifications</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div>

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES<div style="margin-bottom:5pt;margin-top:10pt">Cash, Cash Equivalents and Restricted Cash</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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. </div><div style="margin-bottom:5pt;margin-top:10pt">Concentration of Credit Risk</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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, 2025 and March 31, 2024, no single customer accounted for more than 10% of the Company's accounts receivable balance.</div><div style="margin-bottom:5pt;margin-top:10pt">Accounts Receivable and Credit Losses - Allowance for Doubtful Accounts</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The allowance for doubtful accounts, which is recorded within accounts receivable, net on the Company's Consolidated Balance Sheets, 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. </div><div style="margin-bottom:5pt;margin-top:10pt">Inventories</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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, tariffs and other costs. In accordance with ASC Topic 330 "Inventory," the Company values its inventory at standard cost, which approximates 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.</div><div style="margin-bottom:5pt;margin-top:10pt">Property and Equipment</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">In accordance with ASC Topic 360 "Property, Plant and Equipment," property and equipment are stated at cost less accumulated depreciation. Depreciation is recorded within Selling, general and administrative expenses on the Consolidated Statements of Operations. 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: </div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:72.145%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.655%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;padding:2px 1pt 2px 67pt;text-align:left;vertical-align:bottom">Years</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom"><div>Furniture, fixtures and displays, office equipment, software and plant equipment (1)</div></td><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">3 to 10</div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Buildings and building improvements</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">10 to 40</div></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:5pt;text-align:justify">Leasehold and tenant improvements</div></td><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:center;vertical-align:middle">Shorter of the remaining lease term or related asset life</td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:9pt;text-indent:-9pt">(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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt"> </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 $7.0 million as of March 31, 2025 (March 31, 2024: $6.0 million). </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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. </div><div style="margin-bottom:5pt;margin-top:10pt">Leases</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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. ROU assets and lease liabilities are not recognized for leases with an expected term less than one year ("short-term lease") and the lease expense is recognized on a straight-line basis over the lease term.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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. Variable lease costs primarily consist of lease payments dependent on sales in Brand and Factory House stores and other non-lease components payable to the lessor, including common area maintenance and real estate taxes. 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.</div><div style="margin-bottom:5pt;margin-top:10pt">Goodwill and Indefinite-Lived Intangible Assets</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">Goodwill and indefinite-lived 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 is less than its carrying amount. The Company performs its annual impairment testing in the fourth quarter of each fiscal year.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 or indefinite-lived intangible asset is less than its carrying amount. If factors indicate that is the case, or if the Company chooses to bypass the qualitative assessment, the Company performs a quantitative impairment test. The Company compares the fair value of the reporting unit or indefinite-live intangible asset with its carrying amount. If the carrying amount of a reporting unit or indefinite-lived intangible asset exceeds its fair value, the goodwill of the reporting unit or the indefinite-lived intangible asset is impaired to the extent that the carrying value exceeds the fair value. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">No goodwill impairments were recorded during Fiscal 2025, Fiscal 2024 or Fiscal 2023. No indefinite-lived intangible impairments were recorded during Fiscal 2025 or Fiscal 2023. During Fiscal 2024, the Company recorded an indefinite-lived intangible asset impairment charge of $0.6 million 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 indefinite lived intangible asset impairment charge for Fiscal 2024 is included within the Company's Latin America operating segment. </div><div style="margin-bottom:10pt;margin-top:10pt">Long Lived and Definite-Lived Intangible Assets </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The Company continually evaluates long-lived assets and definite-lived intangible assets and 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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">During Fiscal 2025, 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 discounted cash flows or market rent assessments and compared these estimated fair values to the net carrying values. As a result, the Company recorded $8.8 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 2025 are included within the Company's operating segments as follows: $4.8 million recorded in North America, $2.7 million recorded in EMEA and $1.2 million recorded in Asia-Pacific. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The Company also recognized an impairment charge of $28.4 million during Fiscal 2025 as a result of vacating its former global headquarters, which was recorded within selling, general and administrative expenses on the Consolidated Statements of Operations. Further, the Company recorded impairment charges of $8.6 million during Fiscal 2025, in connection with the 2025 restructuring plan, which was recorded within restructuring charges on the Consolidated Statements of Operations. See Note 13 to our Consolidated Financial Statements included in Part II, Item 8 of this Annual Report on Form 10-K for additional details. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">During Fiscal 2024, 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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">During Fiscal 2023, 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. The long-lived asset impairment charges for Fiscal 2023 are included within the Company's operating segments as follows: $1.4 million recorded in North America and $0.6 million recorded in Asia-Pacific.</div><div style="margin-bottom:5pt;margin-top:10pt">Accrued Expenses</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">Accrued expenses consisted of the following: </div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:57.671%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.221%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.224%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2024</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Accrued compensation and benefits</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">108,202 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">68,149 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Accrued marketing</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">49,395 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">35,233 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Accrued royalties</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,708 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">12,579 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Accrued taxes</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">26,308 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">22,162 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Forward currency contract liabilities</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">7,831 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">18,242 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Other</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">150,303 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">131,488 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Total Accrued Expenses</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">348,747 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">287,853 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt">Revenue Recognition</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 </div><div style="margin-bottom:5pt;margin-top:5pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Gift cards</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">Gift cards issued to customers by the Company are recorded as contract liabilities until they are redeemed, at which point revenue is recognized. The Company's process for estimating revenue recognized for gift card balances not expected to be redeemed (“breakage”) is based on 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. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Loyalty Program</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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, net of estimated breakage. The value of each point earned is recorded as contract liabilities and is included within accrued expenses on the Consolidated Balance Sheets.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Licensing Arrangements</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Digital Subscriptions</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 expenses in the Consolidated Statements of Operations. Revenue from digital advertising is recognized as the Company satisfies performance obligations pursuant to customer insertion orders. The MapMyFitness digital platform was sold during the second quarter of Fiscal 2025.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Customer returns, allowances, markdowns, and discounts</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Other Policy Elections</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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, prior to the sale of the MapMyFitness digital platform during the second quarter of Fiscal 2025, the Company elected not to disclose certain information related to unsatisfied performance obligations for subscriptions to the platform, as they had an original expected length of one year or less.</div><div style="margin-bottom:5pt;margin-top:10pt">Shipping and Handling Costs</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 2025, these costs totaled $78.0 million (Fiscal 2024: $79.8 million; Fiscal 2023: $79.5 million). </div><div style="margin-bottom:5pt;margin-top:10pt">Marketing and Advertising Costs</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">Marketing and 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, marketing and 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. Marketing and advertising costs, including amortization of in-store marketing fixtures and displays, was $549.9 million for Fiscal 2025 (Fiscal 2024: $568.5 million; Fiscal 2023: $620.3 million). As of March 31, 2025, prepaid marketing and advertising costs were $23.8 million (March 31, 2024: $16.9 million).</div><div style="margin-bottom:5pt;margin-top:10pt">Income Taxes </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 </div><div style="margin-bottom:5pt;margin-top:5pt">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. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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, 2025, for the Company's U.S. federal interest expense carryforwards, the majority of the 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.</div><div style="margin-bottom:5pt;margin-top:10pt">Earnings per Share</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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, prior to their maturity, the Company's 1.50% convertible senior notes due 2024. Refer to Note 19 of these Consolidated Financial Statements for a further discussion of earnings per share.</div><div style="margin-bottom:5pt;margin-top:10pt">Business combinations</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">Business combinations are accounted for under the acquisition method, in accordance with ASC Topic 805 “Business Combinations,” by assigning the purchase price to tangible and intangible assets acquired and liabilities assumed. Acquired goodwill is measured as the excess of consideration transferred over the net of the acquisition date fair value of assets acquired and liabilities assumed. During the measurement period, which is up to one year from the acquisition date, adjustments to the assets acquired and liabilities assumed may be recorded, with the corresponding offset to goodwill.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">On August 8, 2024, the Company acquired 100% of the outstanding equity of UNLESS COLLECTIVE, INC (UNLESS), a zero-plastic regenerative fashion brand, based in Portland, Oregon. Total consideration was $10.3 million, consisting of $9.8 million paid in cash and $0.5 million currently held back and unpaid in accordance with the merger agreement. The results of operations of UNLESS have been consolidated with those of the Company beginning on August 8, 2024, and are included in the Company's North America segment. The acquisition did not have a material impact on revenues or net income for Fiscal 2025. </div><div style="margin-bottom:5pt;margin-top:10pt">Equity Method Investment</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The Company holds common stock investments in certain entities which it has the ability to exercise significant influence but not control over. These investments are accounted for under the equity method. The Company records its allocable share of income or loss 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. Equity method investments are reviewed for impairment when events or circumstances indicate the investment may be other than temporarily impaired. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following is a summary of the Company’s equity method investments: </div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:36pt;text-indent:-18pt">•In November 2024, the Company invested $7.5 million in exchange for 29.5% common stock ownership in ISC Sport (ISC), an Australian custom teamwear company. For Fiscal 2025, the Company recorded its allocable share of ISC's net income of $0.2 million. As of March 31, 2025, the carrying value of the Company's investment in ISC was $7.3 million.</div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:36pt;text-indent:-18pt">•The Company has a common stock investment of 29.5% in its Japanese licensee. As of March 31, 2025 and 2024, there was no carrying value associated with this investment and therefore the Company did not record its allocable share of the Japanese licensee's net loss for Fiscal 2025. During Fiscal 2024 and Fiscal 2023, respectively, the Company recorded $(0.3) million and $(2.5) million of its allocable share of the Japanese licensee's net loss.</div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:36pt">In connection with the license agreement with the Japanese licensee, the Company recorded license revenues of $26.4 million for Fiscal 2025 (Fiscal 2024: $34.8 million; Fiscal 2023: $36.8 million). As of </div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:36pt">March 31, 2025, the Company had $13.7 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, 2024: $13.9 million). </div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:36pt;text-indent:-18pt">•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"). For Fiscal 2025, the Company recorded its allocable share of UA Sports Thailand's net income of $0.4 million (Fiscal 2024: $0.3 million; Fiscal 2023: $0.8 million). As of March 31, 2025, the carrying value of the Company's investment in UA Sports Thailand was $5.3 million (March 31, 2024: $4.7 million).</div><div style="margin-bottom:5pt;margin-top:10pt">Stock-Based Compensation </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The Company uses the Black-Scholes option-pricing model to estimate the fair market value of stock option 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. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The Company uses the Monte Carlo pricing model to estimate the fair value of performance-based awards with market conditions. Compensation expense for performance-based awards with market conditions is recorded on a straight-line basis over the vesting period.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The Company uses grant date fair value for other awards, including time-based award and performance-based awards with performance conditions. Compensation expense for time-based awards is recorded over the vesting period and performance-based awards with performance conditions is recorded over the implied requisite service period when achievement of the performance target is deemed probable. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 15 of these Consolidated Financial Statements for further details on stock-based compensation.</div><div style="margin-bottom:5pt;margin-top:10pt">Fair Value of Financial Instruments</div><div style="text-indent:36pt">The Company assesses fair value in accordance with ASC 820 “Fair Value Measurement" 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. To determine fair value, the Company uses the fair value hierarchy, which establishes three levels based on the objectivity of the inputs as follows: </div><div style="padding-left:36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:92.982%"><tr><td style="width:1.0%"></td><td style="width:9.749%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:88.051%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Level 1:</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Observable inputs are based upon unadjusted quoted prices for identical instruments traded in active markets.</td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Level 2:</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Inputs, other than quoted prices in active markets included within level 1, that are directly or indirectly observable. </td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Level 3:</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Unobservable inputs for which there is little or no market data and which require the reporting entity to develop its own assumptions.</td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 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. </div><div style="margin-bottom:5pt;margin-top:10pt">Derivatives and Hedging Activities</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 income (expense), net during the period in which the decrease occurs. The Company does not enter into derivative financial instruments for speculative or trading purposes.</div><div style="margin-bottom:5pt;margin-top:10pt">Foreign Currency Translation and Transactions</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 income (expense), net on the Consolidated Statements of Operations.</div><div style="margin-bottom:5pt;margin-top:10pt">Recently Adopted Accounting Pronouncements</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The Company assesses the applicability and impact of all Accounting Standard Updates ("ASUs") issued by the Financial Accounting Standards Board ("FASB"). The following ASUs were recently adopted:</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Supplier Finance Programs</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 during Fiscal 2024. All disclosure requirements were applied on a retrospective basis as of April 1, 2023, except for the amendments relating to the rollforward requirement, which has been applied on a prospective basis as of April 1, 2024. 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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Reportable Segments</div><div style="text-indent:36pt">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. The Company adopted ASU 2023-07 during Fiscal 2025 on a retrospective basis and applied to all periods presented. The adoption expanded its disclosures, but did not impact its consolidated financial statements. Refer to Note 20 of these Consolidated Financial Statements for a discussion of the Company's reportable segments.</div><div style="margin-bottom:5pt;margin-top:10pt">Recently Issued Accounting Pronouncements </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Disaggregation of Income Statement Expenses</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">In November 2024, the FASB issued ASU 2024-03 "Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures" ("ASU 2024-03"), which will require disaggregated disclosure of certain costs and expenses, including purchases of inventory, employee compensation, depreciation, amortization and depletion, within relevant income statement captions. ASU 2024-03 is effective for annual periods beginning after December 15, 2026 and interim periods after December 15, 2027. 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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Income Tax</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 will adopt the annual disclosure requirements of ASU 2023-09 in Fiscal 2026. The adoption is expected to expand its disclosures, but is not expected to have a material impact on its consolidated financial statements and related disclosures.</div>

<div style="margin-bottom:5pt;margin-top:10pt">Cash, Cash Equivalents and Restricted Cash</div>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.

<div style="margin-bottom:5pt;margin-top:10pt">Accounts Receivable and Credit Losses - Allowance for Doubtful Accounts</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div>The allowance for doubtful accounts, which is recorded within accounts receivable, net on the Company's Consolidated Balance Sheets, 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.

Property and equipment is depreciated using the straight-line method over the estimated useful lives of the assets, as follows: <div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:72.145%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.655%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;padding:2px 1pt 2px 67pt;text-align:left;vertical-align:bottom">Years</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom"><div>Furniture, fixtures and displays, office equipment, software and plant equipment (1)</div></td><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">3 to 10</div></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Buildings and building improvements</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">10 to 40</div></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-top:5pt;text-align:justify">Leasehold and tenant improvements</div></td><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:center;vertical-align:middle">Shorter of the remaining lease term or related asset life</td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:9pt;text-indent:-9pt">(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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">Property and equipment consisted of the following: <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:55.332%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.391%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.393%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2024</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Leasehold and tenant improvements</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">457,419 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">495,181 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Furniture, fixtures and displays</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">307,258 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">301,897 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:top">Buildings and building improvements</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">271,888 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">68,230 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Software</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">282,478 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">350,811 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:top">Office equipment</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">141,684 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">139,223 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Plant equipment</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">190,169 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">178,316 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:top">Land</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">74,460 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">82,410 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div>Construction in progress (1)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">24,176 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">175,960 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:top">Other</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">19,391 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">28,910 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Subtotal property and equipment</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,768,923 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,820,938 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:top">Accumulated depreciation</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,123,776)</td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,156,435)</td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Property and equipment, net</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">645,147 </td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">664,503 </td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:9pt;text-indent:-9pt">(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.</div>

P3Y

P10Y

P40Y

P3Y

7000000.0

6000000

600000

8800000

4800000

2700000

1200000

28400000

8600000

5600000

1700000

3600000

300000

2000000.0

1400000

600000

<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">Accrued expenses consisted of the following: </div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:57.671%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.221%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.224%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2024</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Accrued compensation and benefits</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">108,202 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">68,149 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Accrued marketing</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">49,395 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">35,233 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Accrued royalties</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,708 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">12,579 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Accrued taxes</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">26,308 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">22,162 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Forward currency contract liabilities</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">7,831 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">18,242 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Other</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">150,303 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">131,488 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Total Accrued Expenses</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">348,747 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">287,853 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

108202000

68149000

49395000

35233000

6708000

12579000

26308000

22162000

7831000 18242000

150303000

131488000

348747000

287853000

<div style="margin-bottom:5pt;margin-top:10pt">Revenue Recognition</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 </div><div style="margin-bottom:5pt;margin-top:5pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Gift cards</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">Gift cards issued to customers by the Company are recorded as contract liabilities until they are redeemed, at which point revenue is recognized. The Company's process for estimating revenue recognized for gift card balances not expected to be redeemed (“breakage”) is based on 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. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Loyalty Program</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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, net of estimated breakage. The value of each point earned is recorded as contract liabilities and is included within accrued expenses on the Consolidated Balance Sheets.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Licensing Arrangements</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Digital Subscriptions</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 expenses in the Consolidated Statements of Operations. Revenue from digital advertising is recognized as the Company satisfies performance obligations pursuant to customer insertion orders. The MapMyFitness digital platform was sold during the second quarter of Fiscal 2025.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Customer returns, allowances, markdowns, and discounts</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Other Policy Elections</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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, prior to the sale of the MapMyFitness digital platform during the second quarter of Fiscal 2025, the Company elected not to disclose certain information related to unsatisfied performance obligations for subscriptions to the platform, as they had an original expected length of one year or less.</div>

P30D P60D P60D P90D P24M P24M P24M

78000000.0

79800000

79500000

<div style="margin-bottom:5pt;margin-top:10pt">Marketing and Advertising Costs</div>Marketing and 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, marketing and 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.

549900000

568500000

620300000

23800000

16900000

<div style="margin-bottom:5pt;margin-top:10pt">Earnings per Share</div>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, prior to their maturity, the Company's 1.50% convertible senior notes due 2024.

0.0150

10300000

9800000

500000

<div style="margin-bottom:5pt;margin-top:10pt">Equity Method Investment</div>The Company holds common stock investments in certain entities which it has the ability to exercise significant influence but not control over. These investments are accounted for under the equity method. The Company records its allocable share of income or loss 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. Equity method investments are reviewed for impairment when events or circumstances indicate the investment may be other than temporarily impaired.

7500000

0.295

200000

7300000

0.295

-300000

-2500000

26400000

34800000

36800000

13700000

13900000

0.495

400000

300000

800000

5300000

4700000

<div style="margin-bottom:5pt;margin-top:10pt">Fair Value of Financial Instruments</div><div style="text-indent:36pt">The Company assesses fair value in accordance with ASC 820 “Fair Value Measurement" 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. To determine fair value, the Company uses the fair value hierarchy, which establishes three levels based on the objectivity of the inputs as follows: </div><div style="padding-left:36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:92.982%"><tr><td style="width:1.0%"></td><td style="width:9.749%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:88.051%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Level 1:</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Observable inputs are based upon unadjusted quoted prices for identical instruments traded in active markets.</td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Level 2:</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Inputs, other than quoted prices in active markets included within level 1, that are directly or indirectly observable. </td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Level 3:</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Unobservable inputs for which there is little or no market data and which require the reporting entity to develop its own assumptions.</td></tr></table></div>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 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.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:<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:92.982%"><tr><td style="width:1.0%"></td><td style="width:9.749%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:88.051%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Level 1:</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Observable inputs are based upon unadjusted quoted prices for identical instruments traded in active markets.</td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Level 2:</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Inputs, other than quoted prices in active markets included within level 1, that are directly or indirectly observable. </td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Level 3:</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Unobservable inputs for which there is little or no market data and which require the reporting entity to develop its own assumptions.</td></tr></table></div>

ALLOWANCE FOR DOUBTFUL ACCOUNTS<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The Company's allowance for doubtful accounts was established with information available as of March 31, 2025, including reasonable and supportable estimates of future risk. The following table illustrates the activity in the Company's allowance for doubtful accounts, recorded within accounts receivable, net: <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:69.660%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.140%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Allowance for doubtful accounts </td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance as of March 31, 2023</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">10,813 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Increase (decrease) to expense, net</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,061 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Write-offs, net of recoveries</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,880)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance as of March 31, 2024</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">14,994 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Increase (decrease) to expense, net</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,136 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Write-offs, net of recoveries</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,110)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance as of March 31, 2025</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">17,020 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

The following table illustrates the activity in the Company's allowance for doubtful accounts, recorded within accounts receivable, net:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:69.660%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:28.140%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Allowance for doubtful accounts </td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance as of March 31, 2023</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">10,813 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Increase (decrease) to expense, net</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,061 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Write-offs, net of recoveries</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,880)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance as of March 31, 2024</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">14,994 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Increase (decrease) to expense, net</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,136 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Write-offs, net of recoveries</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,110)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance as of March 31, 2025</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">17,020 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table>

10813000

6061000

1880000

14994000

4136000

2110000

17020000

PROPERTY AND EQUIPMENT, NET<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">Property and equipment consisted of the following: <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:55.332%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.391%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.393%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2024</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Leasehold and tenant improvements</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">457,419 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">495,181 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Furniture, fixtures and displays</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">307,258 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">301,897 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:top">Buildings and building improvements</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">271,888 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">68,230 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Software</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">282,478 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">350,811 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:top">Office equipment</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">141,684 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">139,223 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Plant equipment</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">190,169 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">178,316 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:top">Land</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">74,460 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">82,410 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div>Construction in progress (1)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">24,176 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">175,960 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:top">Other</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">19,391 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">28,910 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Subtotal property and equipment</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,768,923 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,820,938 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:top">Accumulated depreciation</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,123,776)</td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,156,435)</td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Property and equipment, net</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">645,147 </td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">664,503 </td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:9pt;text-indent:-9pt">(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.</div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:9pt;text-indent:-9pt"> </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">During Fiscal 2025, the Company relocated to its new global headquarters. As a result of vacating its former global headquarters, the Company performed an impairment analysis and recognized an impairment charge of $28.4 million within selling, general and administrative expenses on the Consolidated Statements of Operations to reduce the carrying value to its estimated fair value. Additionally, the property and equipment associated with the new global headquarters, which had been previously classified as construction in progress, were placed into service.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">Depreciation expense related to property and equipment for Fiscal 2025 was $134.3 million (Fiscal 2024: $136.6 million; Fiscal 2023: $133.6 million).</div>

457419000

495181000

307258000

301897000

271888000

68230000

282478000

350811000

141684000

139223000

190169000

178316000

74460000

82410000

24176000

175960000

19391000

28910000

1768923000

1820938000

1123776000

1156435000

645147000

664503000

28400000

134300000

136600000

133600000

LEASES<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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. Short-term lease payments were not material for the periods presented.</div><div style="margin-bottom:5pt;margin-top:10pt">Lease Costs and Other Information</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The Company recognizes lease expense on a straight-line basis over the lease term. There are no residual value guarantees that exist, and there are no restrictions or covenants imposed by leases. Operating and variable lease costs are included on the Company's Consolidated Statements of Operations within (i) Selling, general and administrative expenses, (ii) Restructuring charges, for certain operating and variable lease costs relating to restructured facilities; and (iii) Other income (expense), for certain operating and variable lease costs relating to lease assets held solely for sublet purposes. The following table presents total operating and variable lease costs for the periods indicated:</div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:50.730%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.568%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="15" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31,</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">Operating lease costs</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">162,125 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">151,035 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">141,025 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Variable lease costs</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">89,964 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">82,389 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">78,529 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The Company subleases certain excess office facilities, retail space and warehouse space to third parties. Sublease income was $9.4 million for Fiscal 2025. Sublease income for Fiscal 2024 and Fiscal 2023 was not material.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The weighted average remaining lease term and discount rate for the periods indicated below were as follows:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.561%"><tr><td style="width:1.0%"></td><td style="width:57.490%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.311%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.312%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2024</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">Weighted average remaining lease term (in years)</td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">7.13</td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">7.62</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Weighted average discount rate</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4.88 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4.95 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt">Supplemental Cash Flow Information</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following table presents supplemental information relating to cash flow arising from lease transactions:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:50.800%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.546%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="15" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31,</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">Operating cash outflows from operating leases</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">183,862 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">180,319 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">167,774 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Leased assets obtained in exchange for new operating lease liabilities</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">78,544 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">57,962 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">181,080 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt">Maturity of Lease Liabilities</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following table presents the future minimum lease payments under the Company's operating lease liabilities as of March 31, 2025:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:81.356%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.444%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">Fiscal year ending March 31,</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">2026</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">158,725 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">2027</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">140,452 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:bottom">2028</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">120,318 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">2029</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">81,605 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:bottom">2030</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">64,634 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">2031 and thereafter</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">259,727 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom">Total lease payments</td><td style="background-color:#dbdbdb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">825,461 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Less: Interest</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">121,134 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom">Total present value of lease liabilities</td><td style="background-color:#dbdbdb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">704,327 </td><td style="background-color:#dbdbdb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">As of March 31, 2025, the Company has additional operating lease obligations that have not yet commenced of approximately $58.8 million, which are not reflected in the table above.</div>

<div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:50.730%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.566%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.568%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="15" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31,</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">Operating lease costs</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">162,125 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">151,035 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">141,025 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Variable lease costs</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">89,964 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">82,389 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">78,529 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The weighted average remaining lease term and discount rate for the periods indicated below were as follows:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.561%"><tr><td style="width:1.0%"></td><td style="width:57.490%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.311%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.387%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.312%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2024</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">Weighted average remaining lease term (in years)</td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">7.13</td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">7.62</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Weighted average discount rate</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4.88 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4.95 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt">Supplemental Cash Flow Information</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following table presents supplemental information relating to cash flow arising from lease transactions:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:50.800%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.546%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="15" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31,</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">Operating cash outflows from operating leases</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">183,862 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">180,319 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">167,774 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Leased assets obtained in exchange for new operating lease liabilities</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">78,544 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">57,962 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">181,080 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

162125000

151035000

141025000

89964000

82389000

78529000

9400000

P7Y1M17D

P7Y7M13D

0.0488

0.0495

183862000

180319000

167774000

78544000

57962000

181080000

<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following table presents the future minimum lease payments under the Company's operating lease liabilities as of March 31, 2025:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:81.356%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.444%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">Fiscal year ending March 31,</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">2026</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">158,725 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">2027</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">140,452 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:bottom">2028</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">120,318 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">2029</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">81,605 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:bottom">2030</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">64,634 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">2031 and thereafter</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">259,727 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom">Total lease payments</td><td style="background-color:#dbdbdb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">825,461 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Less: Interest</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">121,134 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom">Total present value of lease liabilities</td><td style="background-color:#dbdbdb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">704,327 </td><td style="background-color:#dbdbdb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

158725000

140452000

120318000

81605000

64634000

259727000

825461000

121134000

704327000

58800000

GOODWILL<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following table summarizes changes in the carrying amount of the Company's goodwill by reportable segment as of the periods indicated:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:38.666%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:13.525%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom"> North America </td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">EMEA</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Asia-Pacific</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Balance as of March 31, 2023</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">301,371 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">101,096 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">79,525 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">481,992 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Effect of currency translation adjustment</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">862 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4,552)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,690)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Balance as of March 31, 2024</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">301,371 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">101,958 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">74,973 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">478,302 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div>Purchase of UNLESS COLLECTIVE, Inc (1)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,116 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,116 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Effect of currency translation adjustment</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,097 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">117 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,214 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Balance as of March 31, 2025</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">309,487 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">103,055 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">75,090 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">487,632 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>(1) Includes a measurement period adjustment of $1.7 million which reduced goodwill during the fourth quarter of Fiscal 2025. The goodwill acquired from the purchase of UNLESS is not expected to be deductible for tax purposes.

<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following table summarizes changes in the carrying amount of the Company's goodwill by reportable segment as of the periods indicated:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:38.666%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.519%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:13.525%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom"> North America </td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">EMEA</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Asia-Pacific</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Balance as of March 31, 2023</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">301,371 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">101,096 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">79,525 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">481,992 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Effect of currency translation adjustment</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">862 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4,552)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,690)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Balance as of March 31, 2024</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">301,371 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">101,958 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">74,973 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">478,302 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div>Purchase of UNLESS COLLECTIVE, Inc (1)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,116 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,116 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Effect of currency translation adjustment</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,097 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">117 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,214 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Balance as of March 31, 2025</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">309,487 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">103,055 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">75,090 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">487,632 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>(1) Includes a measurement period adjustment of $1.7 million which reduced goodwill during the fourth quarter of Fiscal 2025. The goodwill acquired from the purchase of UNLESS is not expected to be deductible for tax purposes.

301371000

101096000

79525000

481992000

862000

-4552000

-3690000

301371000

101958000

74973000

478302000

8116000

1097000

117000

1214000

309487000

103055000

75090000

487632000

1700000

INTANGIBLE ASSETS, NET<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following tables summarize the Company's intangible assets as of the periods indicated:</div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.607%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.034%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.034%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.034%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.039%"></td><td style="width:0.1%"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="3" rowspan="2" style="background-color:#cc2d30;border-bottom:1pt solid #ffffff;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Useful Lives from Date of Acquisitions (in years)</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="15" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2025</td></tr><tr style="height:33pt"><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Gross Carrying Amount</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Accumulated Amortization</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Net Carrying Amount</td></tr><tr><td colspan="6" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Intangible assets subject to amortization:</td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Customer relationships</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">2-6</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">8,635 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(7,105)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">1,530 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Lease-related intangible assets</td><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">1-15</div></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,535 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,491)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">44 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">10,170 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(8,596)</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,574 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Indefinite-lived intangible assets </td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-top:3pt double #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,650 </td><td style="background-color:#cbcbcb;border-top:3pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Intangible assets, net</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">5,224 </td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt"> </div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.607%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.034%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.034%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.034%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.039%"></td><td style="width:0.1%"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="3" rowspan="2" style="background-color:#cc2d30;border-bottom:1pt solid #ffffff;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Useful Lives from Date of Acquisitions (in years)</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="15" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2024</td></tr><tr style="height:32pt"><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Gross Carrying Amount</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Accumulated Amortization</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Net Carrying Amount</td></tr><tr><td colspan="6" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Intangible assets subject to amortization:</td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Customer relationships</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">2-6</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">8,609 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(5,708)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">2,901 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Lease-related intangible assets</td><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">1-15</div></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,756 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,677)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">79 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">10,365 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(7,385)</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">2,980 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Indefinite-lived intangible assets</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,020 </td><td style="background-color:#cbcbcb;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Intangible assets, net</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">7,000 </td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">Amortization expense, which is included in selling, general and administrative expenses, was $1.4 million for Fiscal 2025 (Fiscal 2024: $1.5 million; Fiscal 2023: $1.9 million). The following table summarizes the estimated future amortization expense for the Company's intangible assets as of March 31, 2025:</div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:80.332%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.468%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">Fiscal year ending March 31,</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">2026</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">1,565 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">2027</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">9 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">2028 and thereafter</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Total amortization expense of intangible assets</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,574 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following tables summarize the Company's intangible assets as of the periods indicated:</div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.607%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.034%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.034%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.034%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.039%"></td><td style="width:0.1%"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="3" rowspan="2" style="background-color:#cc2d30;border-bottom:1pt solid #ffffff;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Useful Lives from Date of Acquisitions (in years)</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="15" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2025</td></tr><tr style="height:33pt"><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Gross Carrying Amount</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Accumulated Amortization</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Net Carrying Amount</td></tr><tr><td colspan="6" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Intangible assets subject to amortization:</td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Customer relationships</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">2-6</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">8,635 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(7,105)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">1,530 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Lease-related intangible assets</td><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">1-15</div></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,535 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,491)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">44 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">10,170 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(8,596)</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,574 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Indefinite-lived intangible assets </td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-top:3pt double #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,650 </td><td style="background-color:#cbcbcb;border-top:3pt double #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Intangible assets, net</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">5,224 </td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt"> </div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.607%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.034%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.034%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.034%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.039%"></td><td style="width:0.1%"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="3" rowspan="2" style="background-color:#cc2d30;border-bottom:1pt solid #ffffff;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Useful Lives from Date of Acquisitions (in years)</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="15" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2024</td></tr><tr style="height:32pt"><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Gross Carrying Amount</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Accumulated Amortization</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Net Carrying Amount</td></tr><tr><td colspan="6" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Intangible assets subject to amortization:</td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Customer relationships</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">2-6</div></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">8,609 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(5,708)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">2,901 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Lease-related intangible assets</td><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">1-15</div></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,756 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,677)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">79 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top">Total</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">10,365 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(7,385)</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">2,980 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Indefinite-lived intangible assets</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,020 </td><td style="background-color:#cbcbcb;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Intangible assets, net</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">7,000 </td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

P2Y

P6Y

8635000

7105000

1530000

P1Y

P15Y

1535000

1491000

44000

10170000

8596000

1574000

3650000

5224000

P2Y

P6Y

8609000

5708000

2901000

P1Y

P15Y

1756000

1677000

79000

10365000

7385000

2980000

4020000

7000000

1400000

1500000

1900000

The following table summarizes the estimated future amortization expense for the Company's intangible assets as of March 31, 2025:<div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:80.332%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.468%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">Fiscal year ending March 31,</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">2026</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">1,565 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">2027</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">9 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">2028 and thereafter</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Total amortization expense of intangible assets</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,574 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

1565000

9000

1574000

SUPPLY CHAIN FINANCE PROGRAM <div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 are included within Accounts Payable in the Consolidated Balance Sheets and within operating activities in the Consolidated Statement of Cash Flows. The following table illustrates the activity and the outstanding payment obligations under the Company's program.</div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:74.777%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.023%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Total Payment Obligations</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Balance as of March 31, 2024</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">159,381 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Invoices confirmed during the period</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">939,443 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Confirmed invoices paid during the period</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(955,043)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Balance as of March 31, 2025</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">143,781 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

The following table illustrates the activity and the outstanding payment obligations under the Company's program.<div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:74.777%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.023%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Total Payment Obligations</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Balance as of March 31, 2024</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">159,381 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Invoices confirmed during the period</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">939,443 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Confirmed invoices paid during the period</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(955,043)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Balance as of March 31, 2025</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">143,781 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

159381000

939443000

955043000

143781000

CREDIT FACILITY AND OTHER LONG-TERM DEBT<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The Company's outstanding debt consisted of the following:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:64.689%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.712%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.715%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2024</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"><div>1.50% Convertible Senior Notes due 2024</div></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">80,919 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div>3.25% Senior Notes due 2026</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">600,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">600,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Total principal payments due</td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">600,000 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">680,919 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Unamortized debt discount on Senior Notes</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(307)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(560)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Unamortized debt issuance costs - Convertible Senior Notes</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(16)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Unamortized debt issuance costs - Senior Notes</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(651)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,189)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Unamortized debt issuance costs - Credit facility</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,917)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,362)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Total amount outstanding</td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">595,125 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">675,792 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Less:</td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Current portion of long-term debt:</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div>1.50% Convertible Senior Notes due 2024</div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">80,919 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Non-current portion of long-term debt</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">595,125 </td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">594,873 </td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt">Credit Facility</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 2025, the Company entered into the sixth 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, 2028, in each case with permitted extensions under certain circumstances. As of March 31, 2025 and March 31, 2024, there were no amounts outstanding under the revolving credit facility.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">Up to $50.0 million of the facility may be used for the issuance of letters of credit. As of March 31, 2025, $45.7 million of letters of credit were outstanding (March 31, 2024: $4.2 million). </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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. In July 2024, the Company entered into an amendment to the credit agreement to exclude from the definition of consolidated EBITDA certain charges related to the </div><div style="margin-bottom:5pt;margin-top:5pt">settlement of the Company's Class Action Securities litigation described in Note 10 of these Consolidated Financial Statements. The Company was in compliance with the applicable covenants as of March 31, 2025. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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, 2025, the commitment fee was 17.5 basis points. </div><div style="margin-bottom:5pt;margin-top:10pt">1.50% Convertible Senior Notes</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">On June 1, 2024, the Company's previously outstanding $80.9 million aggregate principal amount of 1.50% convertible senior notes due 2024 (the "Convertible Senior Notes") matured. The Convertible Senior Notes bore 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. Upon maturity, the Company repaid the $80.9 million aggregate principal amount of the Convertible Senior Notes outstanding, plus $0.6 million of accrued interest, using cash on hand. No holders exercised their rights to convert prior to maturity.</div><div style="margin-bottom:5pt;margin-top:10pt">3.25% Senior Notes</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">In June 2016, the Company issued $600.0 million aggregate principal amount of 3.25% senior unsecured notes due June 15, 2026 (the "Senior Notes"). The Senior Notes bear interest at the fixed rate of 3.25% 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. </div><div style="margin-bottom:5pt;margin-top:10pt">Interest Expense</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 $24.6 million for Fiscal 2025 (Fiscal 2024: $22.8 million; Fiscal 2023: $24.1 million).</div><div style="margin-bottom:5pt;margin-top:10pt">Maturity of Long-Term Debt</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following are the scheduled maturities of long-term debt as of March 31, 2025:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:80.864%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.936%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">Fiscal year ending March 31,</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:top">2026</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">2027</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">600,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">2028 and thereafter</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Total scheduled maturities of long-term debt</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">600,000 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Less: current maturities of long-term debt</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Long-term debt obligations</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">600,000 </td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>The Company monitors the financial health and stability of its lenders under the credit and other long-term debt facilities, however during any period of significant instability in the credit markets, lenders could be negatively impacted in their ability to perform under these facilities.

<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The Company's outstanding debt consisted of the following:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:64.689%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.712%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.715%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2024</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"><div>1.50% Convertible Senior Notes due 2024</div></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">80,919 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div>3.25% Senior Notes due 2026</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">600,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">600,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Total principal payments due</td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">600,000 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">680,919 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Unamortized debt discount on Senior Notes</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(307)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(560)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Unamortized debt issuance costs - Convertible Senior Notes</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(16)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Unamortized debt issuance costs - Senior Notes</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(651)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,189)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Unamortized debt issuance costs - Credit facility</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,917)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,362)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Total amount outstanding</td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">595,125 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">675,792 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Less:</td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Current portion of long-term debt:</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div>1.50% Convertible Senior Notes due 2024</div></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">80,919 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:9pt"><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Non-current portion of long-term debt</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">595,125 </td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">594,873 </td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

0.0150

80919000

0.0325

600000000

680919000

307000

560000

16000

651000

1189000

3917000

3362000

595125000

675792000

0.0150

80919000

595125000

594873000

1100000000

50000000

1050000000.00

300000000

50000000.0

45700000

4200000

3.50 3.25

0.0100

0.0175

0.0000

0.0075

0.00175

0.0150

80900000

0.0150

80900000

600000

0.0325

600000000.0

0.0325

5400000

24600000

22800000

24100000

<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following are the scheduled maturities of long-term debt as of March 31, 2025:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.707%"><tr><td style="width:1.0%"></td><td style="width:80.864%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.936%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">Fiscal year ending March 31,</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:top">2026</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">2027</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">600,000 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">2028 and thereafter</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Total scheduled maturities of long-term debt</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">600,000 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Less: current maturities of long-term debt</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Long-term debt obligations</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">600,000 </td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

600000000

COMMITMENTS AND CONTINGENCIES<div style="margin-bottom:5pt;margin-top:10pt;text-align:justify">Sports Marketing and Other Commitments</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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, 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, 2025:</div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:80.917%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.883%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">Fiscal year ending March 31,</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:top">2026</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">87,218 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">2027</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">69,201 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">2028</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">57,621 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">2029</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">52,969 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">2030</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">45,271 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">2031 and thereafter</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">117,288 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Total future minimum sponsorship and other payments</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">429,568 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:10pt;text-align:justify">Indemnifications</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:10pt">Litigation </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">In re Under Armour Securities Litigation</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The operative complaint (the "TAC") in the Consolidated Securities Action was filed on October 14, 2020. The class period identified in the TAC was September 16, 2015 through November 1, 2019.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">On June 20, 2024, the defendants reached an agreement with the plaintiffs to enter into a settlement resolving the Consolidated Securities Action (the “Securities Action Settlement”). Under the terms of the Securities Action Settlement, the Company paid $434 million to the members of the class, which was funded using balance sheet cash together with $63 million of insurance proceeds. In addition, the Company agreed to two additional, non-</div><div style="margin-bottom:5pt;margin-top:5pt">monetary provisions, specifically to continue to separate the roles of Chair and Chief Executive Officer for a period of at least three years beginning on the date that the court order approving the Securities Action Settlement and dismissing the Consolidated Securities Action becomes final and non-appealable (the “Three-Year Period”), and that all restricted stock or restricted stock units granted by the Company to its Chief Executive Officer, Chief Financial Officer and Chief Legal Officer during the Three-Year Period include a performance-based vesting condition to be set by the Human Capital and Compensation Committee of the Company’s Board of Directors. In exchange, the plaintiffs and the Class granted customary releases in favor of Defendants of all of their claims that were or could have been asserted in the Consolidated Securities Action.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">On November 7, 2024, the District Court granted the plaintiffs’ motion for final approval of the Securities Action Settlement and dismissed the Consolidated Securities Action with prejudice. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">By entering into the Securities Action Settlement, the defendants in no way conceded or admitted liability for any of the claims that were or could have been asserted in the Consolidated Securities Action. The defendants expressly have denied and continue to deny each and all of the claims asserted in the Consolidated Securities Action, and entered into the Securities Action Settlement to eliminate the uncertainty, risk, costs, and burdens inherent in any litigation, including the Consolidated Securities Action.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Consolidated Kenney Derivative Litigation</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">In June and July 2018, two purported stockholder derivative complaints were filed in Maryland state court (the "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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">On March 29, 2019, the State Court granted the Company's and the defendants' motion to stay that case pending the outcome of 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).</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">In 2020, two additional purported shareholder derivative complaints were filed in the 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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 State 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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">On October 27, 2023, an additional purported stockholder derivative complaint was filed in the 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 </div><div style="margin-bottom:5pt;margin-top:5pt">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 20, 2024, the State 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. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">As previously disclosed, the parties in the Consolidated Kenney Derivative Action and the Consolidated Paul Derivative Action described below (together, the “Derivative Actions”) agreed to engage in private mediation in an effort to potentially resolve the claims in the Derivative Actions. On January 18, 2025, the Company and all of the defendants in the Derivative Actions entered into a binding term sheet with plaintiffs containing the material terms of a settlement resolving the Derivative Actions. On May 7, 2025, the parties executed a formal stipulation of settlement memorializing the complete terms of the proposed settlement (the "Settlement Agreement"). Amongst other things, the Settlement Agreement provides that (a) the Company will implement various corporate governance measures for a period of three years from the time that the settlement becomes final and non-appealable; and (b) a payment of $8.9 million, less any award of attorneys’ fees and costs to counsel for the plaintiffs, will be made to the Company on behalf of the defendants and will be funded using insurance proceeds. In exchange, the plaintiffs, the Company, and Under Armour stockholders derivatively on behalf of the Company, will grant customary releases in favor of the defendants of all of claims that were or could have been asserted in the Derivative Actions. On May 7, 2025, the plaintiffs in the Consolidated Kenney Derivative Action filed the Settlement Agreement with the State Court and asked the State Court to set a schedule for briefing and a hearing (the “Settlement Hearing”) in connection with their request for the State Court’s approval of the Settlement Agreement, following a notice and review period for the Company’s stockholders.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">By agreeing to settle the Derivative Actions, the defendants in no way concede or admit liability for any of the claims that were or could have been asserted in the Derivative Actions. The defendants expressly have denied and continue to deny each and all of the claims asserted in the Derivative Actions, and agreed to settle the Derivative Actions to eliminate the uncertainty, risk, costs, and burdens inherent in any litigation, including the Derivative Actions.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Consolidated Paul Derivative Litigation</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 “Consolidated 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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">On April 24, 2023, the Derivative Lead Plaintiffs designated an operative complaint in the Consolidated 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 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 U.S. Securities and Exchange Commission and the U.S. Department of Justice. 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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 Consolidated 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 State Court.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 Consolidated Paul Derivative Action remained dismissed without prejudice.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">In February 2024, Paul filed a notice of appeal to the U.S. Court of Appeals for the Fourth Circuit (the "Fourth Circuit") from the decisions by the District Court on September 27, 2023 and January 9, 2024. Briefing on the appeal was completed as of July 22, 2024, and the appeal remains pending. On February 20, 2025, the parties jointly requested a stay of the appeal pending the outcome of the settlement approval proceedings in the State Court. The Fourth Circuit granted that request on April 10, 2025, and the appeal is currently stayed.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">As described above, on May 7, 2025, the parties in the Derivative Actions entered into the Settlement Agreement, which memorializes the terms of a settlement resolving those cases. A summary of the Settlement Agreement and the next steps with respect to the proposed settlement is set forth above.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">As noted above, by agreeing to settle the Derivative Actions, the defendants in no way concede or admit liability for any of the claims that were or could have been asserted in the Derivative Actions. The defendants expressly have denied and continue to deny each and all of the claims asserted in the Derivative Actions, and agreed to settle the Derivative Actions to eliminate the uncertainty, risk, costs, and burdens inherent in any litigation, including the Derivative Actions.</div><div style="margin-bottom:5pt;margin-top:10pt">Contingencies </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">In accordance with 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. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">In connection with the matters described above, the Consolidated Securities Action, and previously disclosed government investigations, the Company provided notice of claims under multiple director and officer liability insurance policy periods. While the Company’s director and officer insurance carriers from each policy period have funded a portion of the payment in connection with the previously disclosed Securities Action Settlement, the Company remains in litigation with certain of its insurance carriers regarding coverage with respect to one of these policy periods. On March 26, 2024, the District Court issued a decision and order that obligated these insurance carriers to provide coverage. On April 25, 2024, the insurance carriers filed a motion for entry of judgment or leave to appeal the March 26, 2024 decision. The Company opposed the insurance carriers’ motion, and briefing on the motion was completed on May 23, 2024. On December 19, 2024, the District Court granted the insurance carriers’ motion for entry of final judgment with respect to the District Court’s March 26, 2024 decision and stayed further proceedings in the District Court pending the Fourth Circuit’s resolution of the insurance carriers’ appeal with respect to the District Court’s March 26, 2024 decision. On January 16, 2025, the insurance carriers filed a notice of appeal. If the Fourth Circuit reverses the District Court’s decision, the Company may be required to repay the settlement amount funded by the insurance carriers, as well as any defense costs from the Consolidated Securities Action paid by these insurance carriers. $90 million of the insurance proceeds recognized as of March 31, 2025 remains subject to the litigation by the insurance carriers. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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. </div>

The following is a schedule of the Company’s future minimum payments under its sponsorship and other marketing agreements as of March 31, 2025:<div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:80.917%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.883%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">Fiscal year ending March 31,</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:top">2026</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">87,218 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">2027</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">69,201 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">2028</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">57,621 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">2029</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">52,969 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">2030</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">45,271 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">2031 and thereafter</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">117,288 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Total future minimum sponsorship and other payments</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">429,568 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 87218000 69201000 57621000 52969000 45271000 117288000 429568000

434000000

63000000

P3Y P3Y

4 4

8900000

90000000

STOCKHOLDERS' EQUITY<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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, 2025. 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 </div><div style="margin-bottom:5pt;margin-top:5pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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, 2025. 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.</div><div style="margin-bottom:5pt;margin-top:10pt">Share Repurchase Program</div><div style="margin-bottom:5pt;text-indent:36pt">On May 15, 2024, 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 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.</div><div style="margin-bottom:5pt;text-indent:36pt">During the three months ended March 31, 2025, the Company entered into a supplemental confirmation (the "March 2025 ASR Agreement") of an accelerated share repurchase transaction with Truist Bank ("Truist") to repurchase $25.0 million of the Company's Class C Common Stock, and received a total of 4.1 million shares of Class C Common Stock from Truist, which were immediately retired. As a result, $25.9 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.</div><div style="margin-bottom:5pt;text-indent:36pt">During Fiscal 2025, pursuant to the March 2025 ASR Agreement and the previously disclosed accelerated share repurchase transactions that the Company entered into in May 2024 and December 2024, the Company repurchased $90 million or 12.8 million shares of Class C Common Stock, which were immediately retired. As a result, $91.2 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.</div><div style="margin-bottom:5pt;text-indent:36pt">As of the date of this Annual Report on Form 10-K, the Company has repurchased a total of $90 million or 12.8 million outstanding shares of its Class C Common Stock, leaving approximately $410 million remaining under its current share repurchase program. </div><div style="margin-bottom:5pt;text-indent:36pt">During Fiscal 2024 and Fiscal 2023, the Company repurchased and immediately retired 10.7 million and 18.7 million shares of Class C Common Stock, respectively, under the Company's previously approved $500 million share repurchase program which was completed in December 2023. As a result, $74.8 million and $174.0 million was recorded to retained earnings during Fiscal 2024 and Fiscal 2023, respectively, to reflect the difference between the market price of the Class C Common Stock repurchased and its par value.</div>

400000000

34450000

0.0003

1 10

0.15

400000000

0.0003

500000000 25000000

4100000

25900000

90000000

12800000

91200000

90000000

12800000

410000000

10700000

18700000

500000000

74800000

174000000

REVENUES<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following tables summarize the Company's net revenues by product category and distribution channels:</div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:49.923%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.835%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.835%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.839%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="15" style="background-color:#cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31,</td></tr><tr><td colspan="3" style="background-color:#cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Apparel</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">3,451,414 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">3,789,016 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">3,871,167 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Footwear</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,206,202 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,383,610 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,455,265 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Accessories</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">410,860 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">405,715 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">408,521 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom">Net Sales</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,068,476 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,578,341 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,734,953 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">License revenues</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">94,590 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">111,241 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">116,746 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Corporate Other</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,244 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">12,297 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">51,466 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom"> Total net revenues</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5,164,310 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5,701,879 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5,903,165 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:50.870%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.383%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.520%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.383%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.524%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="15" style="background-color:#cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31,</td></tr><tr><td colspan="3" style="background-color:#cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Wholesale</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">2,978,869 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">3,243,187 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">3,468,126 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Direct-to-consumer</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,089,607 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,335,154 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,266,827 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom">Net Sales</td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,068,476 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,578,341 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,734,953 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">License revenues</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">94,590 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">111,241 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">116,746 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Corporate Other</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,244 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">12,297 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">51,466 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"> Total net revenues</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5,164,310 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5,701,879 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5,903,165 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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:</div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:63.227%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.443%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.446%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2024</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">Customer refund liability</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">146,021 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">139,283 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Inventory associated with reserves for sales returns</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">33,609 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">29,514 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt">Contract Liabilities</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 (i) gift cards, which are included in accrued expenses on the Company's Consolidated Balance Sheets, and (ii) points associated with the loyalty programs and payments received in advance of revenue recognition for royalty arrangements, which are included in other current liabilities on the Company's Consolidated Balance Sheets. </div><div style="margin-top:5pt;text-indent:36pt">The following table summarizes the change in the contract liabilities balance during Fiscal 2025, which primarily results from the timing differences between the Company's satisfaction of performance obligations and the customer's payment.</div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:71.999%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.801%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Total Contract Liabilities</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance as of March 31, 2024</td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">26,322 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Revenues deferred</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">69,176 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom"><div>Revenues recognized (1)</div></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(58,971)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Foreign exchange and other</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,185)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance as of March 31, 2025</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">34,342 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:9pt;text-indent:-9pt">(1) Includes approximately $8.3 million of revenue from gift cards, breakage, and subscriptions that was previously included in contract liabilities as of March 31, 2024. Loyalty points are not separately identifiable and therefore revenues recognized from the redemption of loyalty points consists of both points that were included in the liability balance at the beginning of the period and those that were issued during the period.</div>

3451414000

3789016000

3871167000

1206202000

1383610000

1455265000

410860000

405715000

408521000

5068476000

5578341000

5734953000

94590000

111241000

116746000

1244000

12297000

51466000

5164310000

5701879000

5903165000

2978869000

3243187000

3468126000

2089607000

2335154000

2266827000

5068476000

5578341000

5734953000

94590000

111241000

116746000

1244000

12297000

51466000

5164310000

5701879000

5903165000

The following table presents the customer refund liability, as well as the associated value of inventory for the periods indicated:<div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:63.227%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.443%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.446%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2024</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">Customer refund liability</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">146,021 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">139,283 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Inventory associated with reserves for sales returns</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">33,609 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">29,514 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 146021000 139283000 33609000 29514000

<div style="margin-top:5pt;text-indent:36pt">The following table summarizes the change in the contract liabilities balance during Fiscal 2025, which primarily results from the timing differences between the Company's satisfaction of performance obligations and the customer's payment.</div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:71.999%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:25.801%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Total Contract Liabilities</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance as of March 31, 2024</td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">26,322 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Revenues deferred</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">69,176 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom"><div>Revenues recognized (1)</div></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(58,971)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Foreign exchange and other</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,185)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance as of March 31, 2025</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">34,342 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:9pt;text-indent:-9pt">(1) Includes approximately $8.3 million of revenue from gift cards, breakage, and subscriptions that was previously included in contract liabilities as of March 31, 2024. Loyalty points are not separately identifiable and therefore revenues recognized from the redemption of loyalty points consists of both points that were included in the liability balance at the beginning of the period and those that were issued during the period.</div>

26322000

69176000 58971000 -2185000

34342000

8300000

RESTRUCTURING AND RELATED CHARGES<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">On May 15, 2024, 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 September 5, 2024, the Company’s Board of Directors approved a $70 million increase to the 2025 restructuring plan, resulting in an updated restructuring plan of approximately $140 million to $160 million of pre-tax restructuring and related charges, which is expected to be substantially complete by the end of Fiscal 2026. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The Company currently expects the charges to be incurred under the 2025 restructuring plan to include (i) up to $90 million in cash-related charges, consisting of approximately $23 million in employee severance and benefits costs and $67 million related to various transformational initiatives; and (ii) up to $70 million in non-cash charges, including approximately $7 million in employee severance and benefits costs and $63 million in facility, software, and other asset-related charges and impairments. </div><div style="margin-top:5pt;text-indent:36pt">Restructuring and related charges are included in the Company's Corporate Other non-operating segment. 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.</div><div style="margin-top:5pt;text-indent:36pt">The following table summarizes the costs incurred during Fiscal 2025, as well as the current estimate of remaining charges expected to be incurred in connection with the 2025 restructuring plan.</div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:50.361%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.689%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.689%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.693%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;padding:0 1pt"></td><td colspan="9" style="background-color:#cc2d30;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Estimated Restructuring and Related Charges (1)</div></td></tr><tr><td colspan="3" style="background-color:#cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31, 2025</td><td colspan="3" style="background-color:#cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Remaining to be incurred</td><td colspan="3" style="background-color:#cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total to be incurred under plan</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Costs recorded in restructuring charges: </td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Employee-related costs </td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">14,767 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Facility-related costs</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">25,495 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Other restructuring costs</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">17,707 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Total costs recorded in restructuring charges</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">57,969 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">36,031 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">94,000 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Costs recorded in selling, general and administrative expenses:</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Employee related costs</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">9,460 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Other transformation initiatives</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">21,733 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Total costs recorded in selling, general and administrative expenses</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">31,193 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">34,807 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">66,000 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Total restructuring and related charges</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">89,162 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">70,838 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">160,000 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:2pt;margin-top:2pt;padding-left:9pt;text-indent:-9pt">(1) Estimated restructuring and related charges reflect the high-end of the range of the total estimated charges expected to be incurred by the Company in connection with the 2025 restructuring plan.</div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:9pt;text-indent:36pt"> </div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:9pt;text-indent:36pt">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 and long-term 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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">A summary of the activity in the restructuring reserve related to the Company's 2025 restructuring plan for Fiscal 2025 is as follows:</div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:52.487%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.980%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.980%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.983%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:middle">Employee Related Costs</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:middle">Facility Related Costs</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:middle">Other Restructuring Related Costs</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance as of March 31, 2024</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div>Net additions (recoveries) charged to expense (1)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">14,756 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,746 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">19,816 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Cash payments </td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(10,859)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(6,034)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(9,118)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Foreign exchange and other</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">38 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance as of March 31, 2025</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3,935 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">712 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">10,698 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:9pt;text-indent:-9pt">(1) Amount excludes approximately $21.9 million of non-cash facility-related and other charges and a $5.3 million gain from the sale of the MapMyFitness platform.</div>

70000000

140000000

160000000

90000000

23000000

67000000

70000000

7000000

63000000

75900000

12100000

6400000

5300000

the costs incurred during Fiscal 2025, as well as the current estimate of remaining charges expected to be incurred in connection with the 2025 restructuring plan.<div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:50.361%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.689%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.689%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.693%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;padding:0 1pt"></td><td colspan="9" style="background-color:#cc2d30;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:center">Estimated Restructuring and Related Charges (1)</div></td></tr><tr><td colspan="3" style="background-color:#cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31, 2025</td><td colspan="3" style="background-color:#cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Remaining to be incurred</td><td colspan="3" style="background-color:#cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total to be incurred under plan</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Costs recorded in restructuring charges: </td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Employee-related costs </td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">14,767 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Facility-related costs</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">25,495 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Other restructuring costs</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">17,707 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Total costs recorded in restructuring charges</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">57,969 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">36,031 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">94,000 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Costs recorded in selling, general and administrative expenses:</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Employee related costs</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">9,460 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Other transformation initiatives</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">21,733 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Total costs recorded in selling, general and administrative expenses</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">31,193 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">34,807 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">66,000 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Total restructuring and related charges</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">89,162 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">70,838 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">160,000 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:2pt;margin-top:2pt;padding-left:9pt;text-indent:-9pt">(1) Estimated restructuring and related charges reflect the high-end of the range of the total estimated charges expected to be incurred by the Company in connection with the 2025 restructuring plan.</div>

14767000

25495000

17707000

57969000

36031000

94000000

9460000

21733000

31193000

34807000

66000000

89162000

70838000

160000000

<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">A summary of the activity in the restructuring reserve related to the Company's 2025 restructuring plan for Fiscal 2025 is as follows:</div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:52.487%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.980%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.980%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.983%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:middle">Employee Related Costs</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:middle">Facility Related Costs</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:middle">Other Restructuring Related Costs</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance as of March 31, 2024</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div>Net additions (recoveries) charged to expense (1)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">14,756 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,746 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">19,816 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Cash payments </td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(10,859)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(6,034)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(9,118)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Foreign exchange and other</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">38 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance as of March 31, 2025</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3,935 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">712 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">10,698 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:9pt;text-indent:-9pt">(1) Amount excludes approximately $21.9 million of non-cash facility-related and other charges and a $5.3 million gain from the sale of the MapMyFitness platform.</div>

14756000

6746000

19816000

10859000

6034000

9118000

38000 0 0

3935000

712000

10698000

21900000

5300000

OTHER EMPLOYEE BENEFITS<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 of $11.5 million during Fiscal 2025 (Fiscal 2024: $10.6 million; Fiscal 2023: $11.6 million).</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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, 2025, the Deferred Compensation Plan obligations, which are included in other long-term liabilities on the Consolidated Balance Sheets, were $16.8 million (March 31, 2024: $16.2 million).</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The Company established a Rabbi Trust to fund obligations to participants in the Deferred Compensation Plan. As of March 31, 2025, the assets held in the Rabbi Trust were trust owned life insurance ("TOLI") policies with cash-surrender values of $8.7 million (March 31, 2024: $9.1 million). These assets are consolidated and are included in other long-term assets on the Consolidated Balance Sheets. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">Refer to Note 16 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.</div>

11500000

10600000

11600000

16800000 16200000 8700000 9100000

STOCK BASED COMPENSATION<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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, 2025, 8.4 million Class A shares and 28.1 million Class C shares are available for future grants of awards under the 2005 Plan. </div><div style="margin-bottom:5pt;margin-top:10pt">Awards Granted to Employees and Non-Employee Directors</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">Total stock-based compensation expense associated with awards granted to employees and non-employee directors for Fiscal 2025 was $46.8 million (Fiscal 2024: $36.9 million; Fiscal 2023: $36.8 million). The related tax benefits, excluding consideration of valuation allowances, were $8.0 million for Fiscal 2025 (Fiscal 2024: $6.6 million; Fiscal 2023: $6.3 million). The valuation allowances associated with these benefits were $1.4 million for Fiscal 2025 (Fiscal 2024: $1.2 million; Fiscal 2023: $1.2 million). As of March 31, 2025, the Company had $53.7 million of unrecognized compensation expense related to these awards expected to be recognized over a weighted average period of 1.97 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, 2025. 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:</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Employee Stock Compensation Plan</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">Stock options, restricted stock and restricted stock unit awards under the 2005 Plan generally vest ratably over a period of two to five years. The contractual term for stock options is generally 10 years from the date of grant. The Company generally receives a tax deduction for any ordinary income recognized by a participant in respect to an award under the 2005 Plan. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Non-Employee Director Compensation Plan</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 1.1 million deferred stock units outstanding as of March 31, 2025.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Employee Stock Purchase Plan</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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, 2025, the Company had 2.7 million Class A shares and 2.2 million Class C shares available for future purchases under the ESPPs. During Fiscal 2025, 0.4 million Class C shares were purchased under the ESPPs (Fiscal 2024: 0.5 million; Fiscal 2023: 0.5 million). </div><div style="margin-bottom:5pt;margin-top:10pt">Awards granted to Certain Marketing and Other Partners</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">Total stock-based compensation expense related to these awards for Fiscal 2025 was $7.4 million (Fiscal 2024: $8.9 million; Fiscal 2023: $3.3 million). As of March 31, 2025, the Company had $64.8 million of unrecognized compensation expense associated with these awards expected to be recognized over a weighted average period of 9.34 years.</div><div style="margin-bottom:5pt;margin-top:10pt">Summary by Award Classification:</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Stock Options</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">A summary of the Company's stock options activity for Fiscal 2025 is presented below.<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:37.642%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.666%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.666%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.666%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.670%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Number</div><div style="text-align:center">of Stock</div><div style="text-align:center">Options</div></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted</div><div style="text-align:center">Average</div><div style="text-align:center">Exercise</div><div style="text-align:center">Price</div></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted</div><div style="text-align:center">Average</div><div style="text-align:center">Remaining</div><div style="text-align:center">Contractual</div><div style="text-align:center">Life (Years)</div></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Total</div><div style="text-align:center">Intrinsic</div><div style="text-align:center">Value</div></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top"><div>Outstanding at March 31, 2024</div></td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,578 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">19.44 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">3.82</td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Granted, at fair market value</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Exercised</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Forfeited or expired</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(222)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">36.45 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top"><div>Outstanding at March 31, 2025</div></td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,356 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">16.68 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">3.31</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div>Exercisable at March 31, 2025</div></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,356 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom">16.68 </td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">3.31</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:18pt">Restricted Stock and Restricted Stock Unit Awards</div><div style="margin-bottom:3pt;margin-top:5pt;text-indent:36pt">A summary of the Company's restricted stock and restricted stock unit awards activity for Fiscal 2025 is presented below: </div><div style="margin-bottom:3pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:57.379%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.367%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.370%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Number of </div><div style="text-align:center">Restricted Shares</div></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average</div><div style="text-align:center">Grant Date Fair Value</div></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top"><div>Outstanding at March 31, 2024</div></td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">20,776 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">8.58 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Granted</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">9,541 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6.34 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Forfeited</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,215)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">7.55 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Vested</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4,126)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">9.94 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top"><div>Outstanding at March 31, 2025</div></td><td colspan="2" style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">22,976 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">7.58 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The awards outstanding at March 31, 2025 in the table above includes 2.3 million of performance-based restricted stock units with financial performance conditions that were awarded to certain executives and key employees under the 2005 Plan. The performance-based restricted stock units with financial performance conditions awarded during Fiscal 2025, Fiscal 2024 and Fiscal 2023 have a weighted average fair value of $6.85, $6.93 and $9.13, respectively, and have vesting that is tied to the achievement of certain annual revenue and operating income targets.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt"> As of March 31, 2025, the Company deemed the achievement of the targets for the performance-based restricted stock units granted during Fiscal 2024 and Fiscal 2023 to be improbable and as such no stock-based compensation expense was recorded during Fiscal 2025 (Fiscal 2024: $(1.4) million; Fiscal 2023: $1.4 million).</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">As of March 31, 2025, the Company deemed the achievement of the targets for the performance-based restricted stock units awarded during the Fiscal 2025 to be probable and recorded stock-based compensation expense of $3.6 million. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div>The awards outstanding at March 31, 2025 in the table above also include 2.0 million of performance-based restricted stock unit awards with market conditions that were awarded to the Company's President and CEO under the 2005 plan during Fiscal 2025. The performance-based restricted stock units with market conditions have a weighted average fair value of $4.13 and have vesting that is tied to the achievement of certain stock price targets for the Company's Class C Common Stock. The fair value of these awards was determined on the grant date using a Monte Carlo simulation model. During Fiscal 2025, the Company recorded $1.7 million of compensation expense related to these awards.

8400000

28100000

46800000

36900000

36800000

8000000.0

6600000

6300000

1400000 1200000 1200000

53700000

P1Y11M19D

P5Y

P10Y 100000 3 150000 1 1 P6M

1100000

0.15

2700000

2200000

400000

500000

7400000

8900000

3300000

64800000

P9Y4M2D

<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">A summary of the Company's stock options activity for Fiscal 2025 is presented below.<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:37.642%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.666%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.666%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.666%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.670%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Number</div><div style="text-align:center">of Stock</div><div style="text-align:center">Options</div></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted</div><div style="text-align:center">Average</div><div style="text-align:center">Exercise</div><div style="text-align:center">Price</div></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted</div><div style="text-align:center">Average</div><div style="text-align:center">Remaining</div><div style="text-align:center">Contractual</div><div style="text-align:center">Life (Years)</div></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Total</div><div style="text-align:center">Intrinsic</div><div style="text-align:center">Value</div></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top"><div>Outstanding at March 31, 2024</div></td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,578 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">19.44 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:right;vertical-align:bottom">3.82</td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Granted, at fair market value</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Exercised</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Forfeited or expired</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(222)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">36.45 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top"><div>Outstanding at March 31, 2025</div></td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,356 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">16.68 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">3.31</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div>Exercisable at March 31, 2025</div></td><td colspan="2" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,356 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 0;text-align:right;vertical-align:bottom">16.68 </td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">3.31</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

1578000

19.44

P3Y9M25D

222000

36.45

1356000

16.68

P3Y3M21D

1356000

16.68

P3Y3M21D

<div style="margin-bottom:3pt;margin-top:5pt;text-indent:36pt">A summary of the Company's restricted stock and restricted stock unit awards activity for Fiscal 2025 is presented below: </div><div style="margin-bottom:3pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:57.379%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.367%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.370%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Number of </div><div style="text-align:center">Restricted Shares</div></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Weighted Average</div><div style="text-align:center">Grant Date Fair Value</div></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top"><div>Outstanding at March 31, 2024</div></td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">20,776 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">8.58 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Granted</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">9,541 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6.34 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Forfeited</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,215)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">7.55 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Vested</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4,126)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">9.94 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top"><div>Outstanding at March 31, 2025</div></td><td colspan="2" style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">22,976 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">7.58 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

20776000

8.58

9541000

6.34

3215000

7.55

4126000

9.94

22976000

7.58

2300000

6.85

6.93

9.13

-1400000

1400000

3600000

2000000

4.13

1700000

FAIR VALUE MEASUREMENTS<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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:</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:92.982%"><tr><td style="width:1.0%"></td><td style="width:9.749%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:88.051%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Level 1:</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Observable inputs are based upon unadjusted quoted prices for identical instruments traded in active markets.</td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Level 2:</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Inputs, other than quoted prices in active markets included within level 1, that are directly or indirectly observable. </td></tr><tr style="height:3pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Level 3:</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Unobservable inputs for which there is little or no market data and which require the reporting entity to develop its own assumptions.</td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt">Financial assets and liabilities measured at fair value on a recurring basis</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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: <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:44.141%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.544%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="15" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="15" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2024</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Level 1</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Level 2</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Level 3</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Level 1</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Level 2</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Level 3</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top"><div>Derivative foreign currency contracts (see Note 17)</div></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">192 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(4,643)</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div>TOLI policies held by the Rabbi Trust (see Note 14)</div></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">8,726 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">9,105 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top"><div>Deferred Compensation Plan obligations (see Note 14)</div></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">(16,830)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">(16,151)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:10pt">Fair value of Long-Term Debt</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The Company's long term debt is not remeasured to fair value since its carrying value approximates fair value based on the variable nature of interest rates and current market rates available to the Company. The estimated fair value of long-term debt is based upon quoted prices for similar instruments or quoted prices for identical instruments in inactive markets (Level 2). As of March 31, 2025, the estimated fair value of the Senior Notes was $583.9 million (March 31, 2024: $569.1 million).</div><div style="margin-bottom:5pt;margin-top:10pt">Assets and liabilities measured at fair value on a non-recurring basis</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div>

<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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: <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:44.141%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.538%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.544%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="15" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="15" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2024</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Level 1</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Level 2</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Level 3</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Level 1</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Level 2</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Level 3</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top"><div>Derivative foreign currency contracts (see Note 17)</div></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">192 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(4,643)</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div>TOLI policies held by the Rabbi Trust (see Note 14)</div></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">8,726 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">9,105 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top"><div>Deferred Compensation Plan obligations (see Note 14)</div></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">(16,830)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">(16,151)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

192000

-4643000

0 8726000 0 0 9105000 0 0 16830000 0 0 16151000 0

583900000

569100000

RISK MANAGEMENT AND DERIVATIVES<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The Company may elect to designate certain derivatives as hedging instruments in accordance with ASC 815. 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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The Company's foreign exchange risk management program consists of designated cash flow hedges and undesignated hedges. As of March 31, 2025, the Company has hedge instruments primarily for British Pound/U.S. Dollar, Euro/U.S. Dollar, U.S. Dollar/Chinese Renminbi, U.S. Dollar/Canadian Dollar, U.S. Dollar/Mexican Peso, U.S. Dollar/Korean Won, and U.S. Dollar/Japanese Yen currency pairs.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">All derivatives are recognized on the Consolidated Balance Sheets at fair value and classified based on the instrument's maturity date.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following table presents the fair values of derivative instruments within the Consolidated Balance Sheets. Refer to Note 16 of these Consolidated Financial Statements for a discussion of the fair value measurements.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:4.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.269%"><tr><td style="width:1.0%"></td><td style="width:43.671%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.433%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.658%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.660%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-bottom:1pt solid #ffffff;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Balance Sheet Classification</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2024</td></tr><tr><td colspan="6" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Derivatives designated as hedging instruments under ASC 815</td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top">Foreign currency contracts</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Other current assets</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">13,137 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">10,477 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top">Foreign currency contracts</td><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Other long-term assets</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">507 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,760 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Total derivative assets designated as hedging instruments</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">13,644 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">13,237 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top">Foreign currency contracts</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Other current liabilities</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">6,359 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">17,761 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top">Foreign currency contracts</td><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Other long-term liabilities</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,581 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,171 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Total derivative liabilities designated as hedging instruments</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">11,940 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">18,932 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Derivatives not designated as hedging instruments under ASC 815</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top">Foreign currency contracts</td><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Other current assets</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">78 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">559 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Total derivative assets not designated as hedging instruments</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">78 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">559 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top">Foreign currency contracts</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Other current liabilities</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">1,590 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">600 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Total derivative liabilities not designated as hedging instruments</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,590 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">600 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-indent:36pt"> </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following table presents the amounts in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded and the effects of cash flow hedge activity on these line items:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:26.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.449%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.449%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.449%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.449%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.449%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.458%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="33" style="background-color:#cc2d30;border-bottom:1pt solid #ffffff;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31,</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="9" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="9" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="9" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount of Gain (Loss) on Cash Flow Hedge Activity</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount of Gain (Loss) on Cash Flow Hedge Activity</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount of Gain (Loss) on Cash Flow Hedge Activity</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Net revenues</td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 0;text-align:right;vertical-align:bottom">5,164,310 </td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 0;text-align:right;vertical-align:bottom">(1,354)</td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 0;text-align:right;vertical-align:bottom">5,701,879 </td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 0;text-align:right;vertical-align:bottom">7,652 </td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 0;text-align:right;vertical-align:bottom">5,903,165 </td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 0;text-align:right;vertical-align:bottom">44,492 </td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Cost of goods sold</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">2,689,566 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">1,222 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">3,071,626 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(4,355)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">3,259,334 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">2,016 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Interest income (expense), net</td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">(6,115)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">(36)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">268 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">(36)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">(12,826)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">(37)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Other income (expense), net</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(13,431)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">32,055 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">17,096 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt"> </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following tables present the amounts affecting the Consolidated Statements of Comprehensive Income (Loss) from derivatives designated as cash flow hedges: </div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:31.063%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.297%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.297%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.548%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Balance as of March 31, 2024</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount of gain (loss) reclassified from other comprehensive income (loss) into income</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Balance as of March 31, 2025</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Foreign currency contracts</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(10,645)</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">17,594 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(132)</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">7,081 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Interest rate swaps</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(422)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(36)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(386)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Total designated as cash flow hedges</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(11,067)</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">17,594 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(168)</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">6,695 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:31.063%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.297%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.297%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.548%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Balance as of March 31, 2023</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount of gain (loss) reclassified from other comprehensive income (loss) into income</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Balance as of March 31, 2024</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Foreign currency contracts</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(4,764)</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(2,584)</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">3,297 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(10,645)</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Interest rate swaps</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(458)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(36)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(422)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Total designated as cash flow hedges</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(5,222)</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(2,584)</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3,261 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(11,067)</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt"> </div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:31.063%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.297%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.297%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.548%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Balance as of March 31, 2022</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount of gain (loss) reclassified from other comprehensive income (loss) into income</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Balance as of March 31, 2023</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Foreign currency contracts</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">41 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">41,703 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">46,508 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(4,764)</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Interest rate swaps</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(495)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(37)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(458)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Total designated as cash flow hedges</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(454)</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">41,703 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">46,471 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(5,222)</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt"> </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following table presents the amounts in the Consolidated Statements of Operations in which the effects of undesignated derivative instruments are recorded and the effects of fair value hedge activity on these line items:</div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.269%"><tr><td style="width:1.0%"></td><td style="width:23.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.976%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.976%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.976%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.976%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.976%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.981%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="33" style="background-color:#cc2d30;border-bottom:1pt solid #ffffff;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31,</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="9" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="9" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="9" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount of Gain (Loss) on Fair Value Hedge Activity</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount of Gain (Loss) on Fair Value Hedge Activity</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount of Gain (Loss) on Fair Value Hedge Activity</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Other income (expense), net</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(13,431)</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">1,134 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">32,055 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">355 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">17,096 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(7,200)</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt">Cash Flow Hedges</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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, 2025, the aggregate notional value of the Company's outstanding cash flow hedges was $1,113.6 million (March 31, 2024: $1,199.1 million), with contract maturities ranging from one to twenty-four months. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 Statements of Operations in the same manner as the underlying exposure. </div><div style="margin-bottom:5pt;margin-top:10pt">Undesignated Derivative Instruments </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 </div><div style="margin-bottom:5pt;margin-top:5pt">sheet position. As of March 31, 2025, the total notional value of the Company's outstanding undesignated derivative instruments was $450.7 million (March 31, 2024: $449.0 million).</div><div style="margin-bottom:5pt;margin-top:10pt">Credit Risk</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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. </div>

<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following table presents the fair values of derivative instruments within the Consolidated Balance Sheets. Refer to Note 16 of these Consolidated Financial Statements for a discussion of the fair value measurements.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:4.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.269%"><tr><td style="width:1.0%"></td><td style="width:43.671%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:21.433%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.658%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.660%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-bottom:1pt solid #ffffff;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Balance Sheet Classification</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">March 31, 2024</td></tr><tr><td colspan="6" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Derivatives designated as hedging instruments under ASC 815</td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top">Foreign currency contracts</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Other current assets</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">13,137 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">10,477 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top">Foreign currency contracts</td><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Other long-term assets</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">507 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,760 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Total derivative assets designated as hedging instruments</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">13,644 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">13,237 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top">Foreign currency contracts</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Other current liabilities</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">6,359 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">17,761 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top">Foreign currency contracts</td><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Other long-term liabilities</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,581 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,171 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Total derivative liabilities designated as hedging instruments</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">11,940 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">18,932 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Derivatives not designated as hedging instruments under ASC 815</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top">Foreign currency contracts</td><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Other current assets</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">78 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">559 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Total derivative assets not designated as hedging instruments</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">78 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">559 </td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:15pt"><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:top">Foreign currency contracts</td><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Other current liabilities</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">1,590 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">600 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="6" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Total derivative liabilities not designated as hedging instruments</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,590 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">600 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

13137000

10477000

507000

2760000

13644000

13237000

6359000

17761000

5581000

1171000

11940000

18932000

78000

559000

78000

559000

1590000

600000

1590000

600000

<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following table presents the amounts in the Consolidated Statements of Operations in which the effects of cash flow hedges are recorded and the effects of cash flow hedge activity on these line items:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:26.677%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.449%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.449%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.449%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.449%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.449%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.458%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="33" style="background-color:#cc2d30;border-bottom:1pt solid #ffffff;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31,</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="9" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="9" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="9" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount of Gain (Loss) on Cash Flow Hedge Activity</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount of Gain (Loss) on Cash Flow Hedge Activity</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount of Gain (Loss) on Cash Flow Hedge Activity</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Net revenues</td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 0;text-align:right;vertical-align:bottom">5,164,310 </td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 0;text-align:right;vertical-align:bottom">(1,354)</td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 0;text-align:right;vertical-align:bottom">5,701,879 </td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 0;text-align:right;vertical-align:bottom">7,652 </td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 0;text-align:right;vertical-align:bottom">5,903,165 </td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 0;text-align:right;vertical-align:bottom">44,492 </td><td style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Cost of goods sold</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">2,689,566 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">1,222 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">3,071,626 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(4,355)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">3,259,334 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">2,016 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Interest income (expense), net</td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">(6,115)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">(36)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">268 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">(36)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">(12,826)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">(37)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Other income (expense), net</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(13,431)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">32,055 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">17,096 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

5164310000

-1354000

5701879000

7652000

5903165000

44492000

2689566000

1222000

3071626000

-4355000

3259334000

2016000

-6115000

-36000

268000

-36000

-12826000

-37000

-13431000

32055000

17096000

<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following tables present the amounts affecting the Consolidated Statements of Comprehensive Income (Loss) from derivatives designated as cash flow hedges: </div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:31.063%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.297%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.297%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.548%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Balance as of March 31, 2024</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount of gain (loss) reclassified from other comprehensive income (loss) into income</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Balance as of March 31, 2025</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Foreign currency contracts</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(10,645)</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">17,594 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(132)</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">7,081 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Interest rate swaps</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(422)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(36)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(386)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Total designated as cash flow hedges</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(11,067)</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">17,594 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(168)</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">6,695 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:31.063%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.297%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.297%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.548%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Balance as of March 31, 2023</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount of gain (loss) reclassified from other comprehensive income (loss) into income</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Balance as of March 31, 2024</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Foreign currency contracts</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(4,764)</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(2,584)</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">3,297 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(10,645)</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Interest rate swaps</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(458)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(36)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(422)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Total designated as cash flow hedges</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(5,222)</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(2,584)</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3,261 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(11,067)</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt"> </div><div style="margin-bottom:5pt;margin-top:5pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:31.063%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.297%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.297%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.548%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Balance as of March 31, 2022</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount of gain (loss) recognized in other comprehensive income (loss) on derivatives</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount of gain (loss) reclassified from other comprehensive income (loss) into income</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Balance as of March 31, 2023</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Foreign currency contracts</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">41 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">41,703 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">46,508 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(4,764)</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Interest rate swaps</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(495)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(37)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(458)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Total designated as cash flow hedges</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(454)</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">41,703 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">46,471 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(5,222)</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

-10645000

17594000

-132000

7081000

-422000

-36000

-386000

-11067000

17594000

-168000

6695000

-4764000

-2584000

3297000

-10645000

-458000

-36000

-422000

-5222000

-2584000

3261000

-11067000

41000

41703000

46508000

-4764000

-495000

-37000

-458000

-454000

41703000

46471000

-5222000

<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following table presents the amounts in the Consolidated Statements of Operations in which the effects of undesignated derivative instruments are recorded and the effects of fair value hedge activity on these line items:</div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.269%"><tr><td style="width:1.0%"></td><td style="width:23.494%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.976%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.976%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.976%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.976%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.976%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.389%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.981%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="33" style="background-color:#cc2d30;border-bottom:1pt solid #ffffff;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31,</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="9" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="9" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="9" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount of Gain (Loss) on Fair Value Hedge Activity</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount of Gain (Loss) on Fair Value Hedge Activity</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Amount of Gain (Loss) on Fair Value Hedge Activity</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Other income (expense), net</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(13,431)</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">1,134 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">32,055 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">355 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">17,096 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(7,200)</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

-13431000

1134000

32055000

355000

17096000

-7200000

1113600000

1199100000

P24M

450700000

449000000

PROVISION FOR INCOME TAXES <div style="text-indent:36pt">Income (loss) before income taxes is as follows: </div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:47.291%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.712%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.712%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.717%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="15" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31,</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Income (loss) before income taxes</td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">United States</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(396,542)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(17,201)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">7,424 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Foreign</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">191,780 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">279,275 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">260,432 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top">Total</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(204,762)</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">262,074 </td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">267,856 </td><td style="border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify;text-indent:36pt"> </div><div style="text-indent:36pt">The components of the income tax expense (benefit) consisted of the following: </div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:47.291%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.712%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.712%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.717%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="15" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31,</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Current</td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Federal</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">15,267 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">19,909 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">11,529 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">State</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,665 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,062 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,771 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Foreign</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">41,972 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">29,728 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">29,198 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">58,904 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">53,699 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">44,498 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Deferred</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Federal</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(52,055)</td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(22,361)</td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(160,017)</td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">State</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(952)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">90 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">215 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Foreign</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(8,787)</td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,422)</td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,659 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(61,794)</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(23,693)</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(153,143)</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:top">Income tax expense (benefit)</td><td style="background-color:#dbdbdb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(2,890)</td><td style="background-color:#dbdbdb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">30,006 </td><td style="background-color:#dbdbdb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(108,645)</td><td style="background-color:#dbdbdb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-top:5pt;text-align:justify;text-indent:36pt">A reconciliation from the U.S. statutory federal income tax rate to the effective income tax rate is as follows: <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:40.712%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.572%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.648%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.572%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.648%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.572%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.656%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="33" style="background-color:#cc2d30;border-bottom:1pt solid #ffffff;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31,</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="9" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="9" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="9" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">U.S. federal statutory income tax rate</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(43,000)</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">21.0 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">55,036 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">21.0 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">56,250 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">21.0 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">State taxes, net of federal tax impact</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(17,156)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8.4 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,342 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1.3 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">7,754 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2.8 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Effect of foreign earnings</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">7,772 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3.8)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(10,975)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4.2)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(8,275)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3.2)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">U.S. GILTI Inclusion</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">28,164 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(13.8)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,041 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2.3 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,617 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2.5 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Permanent tax (benefits)/nondeductible expenses</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,422)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1.7 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(11,623)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4.4)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(9,425)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3.5)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Unrecognized tax benefits</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">14,138 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(6.9)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">7,781 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3.0 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">11,654 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4.4 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">International intangible asset</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(113,688)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(43.6)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Valuation allowance</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">17,175 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(8.4)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">102,669 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">39.2 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(169,566)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(63.3)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Federal R&D credit</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,000)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1.5 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,000)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1.1)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,000)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1.1)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Other</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,561)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1.7 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(5,577)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2.1)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(654)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(0.2)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Effective income tax rate</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(2,890)</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1.4 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">30,006 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">11.4 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(108,645)</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(40.6)</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr></table></div><div style="margin-bottom:5pt;margin-top:10pt;text-indent:36pt">For Fiscal 2025, the Company recorded an income tax benefit of $2.9 million compared to an income tax expense of $30.0 million for Fiscal 2024, and income tax benefit of $108.6 million for Fiscal 2023. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">In Fiscal 2025, the Company recorded an income tax benefit related to pre-tax losses, which was offset by the impact of the U.S. GILTI inclusion and valuation allowances on U.S. state tax benefits derived from those losses. 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.</div><div style="margin-top:5pt;text-indent:36pt">Deferred tax assets and liabilities consisted of the following: </div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:63.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.297%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.300%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2024</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Deferred tax assets</td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Operating lease liabilities</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">170,221 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">187,289 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Intangible assets </td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">125,186 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">134,357 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">U.S. federal and state net operating loss</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">68,155 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">12,900 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Capitalized research expenditures</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">65,872 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">57,348 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Reserves and accrued liabilities </td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">45,715 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">60,843 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Foreign net operating loss carry-forwards</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">37,377 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">37,951 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">U.S. federal and state capital loss</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">32,652 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">32,473 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Property and equipment</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">30,270 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,042 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Inventory</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">28,629 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">22,609 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Deductions limited by income</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">16,273 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">13,119 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Stock-based compensation</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">13,312 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">10,379 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Allowance for doubtful accounts and sales return reserves</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">13,063 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,739 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">U.S. federal and state tax credits</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,050 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,409 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Foreign tax credits</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,493 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">10,257 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Convertible debt instruments</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">122 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Other</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">9,600 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,383 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Total deferred tax assets</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">670,868 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">606,220 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Less: valuation allowance</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(292,362)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(274,829)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Total net deferred tax assets</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">378,506 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">331,391 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Deferred tax liabilities</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Right-of-use asset</td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">(90,424)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">(104,665)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Prepaid expenses </td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,455)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,978)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Other</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,189)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,796)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Total deferred tax liabilities</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(93,068)</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(111,439)</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Total deferred tax assets, net</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">285,438 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">219,952 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table> </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">All deferred tax assets and liabilities are classified as non-current on the Consolidated Balance Sheets as of March 31, 2025 and March 31, 2024. 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. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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, 2025, for the Company’s U.S. federal interest expense carryforwards, the majority of 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 is actively monitoring the global trade environment due to recent and potential changes in global trade policy. If incremental tariffs are incurred by the Company, it may negatively impact its ability to realize U.S. federal net deferred tax assets requiring the recording of a material valuation allowance. The Company will continue to evaluate its ability to realize net deferred tax assets on a quarterly basis.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">As of March 31, 2025, the Company had $68.2 million in deferred tax assets associated with $743.7 million in U.S. federal and state net operating loss carryforwards and $8.1 million in net deferred tax assets associated with U.S. federal and state tax credits. Certain definite lived state net operating losses and state tax credits will begin to expire within ten to twenty years. The Company had $32.7 million in deferred tax assets associated with U.S. federal and state capital loss carryforwards of $129.2 million, which, if unused, will expire in one year. The Company is not able to forecast the utilization of the deferred tax assets associated with the majority of state net operating loss carryforwards, the deferred tax assets associated with federal and state capital loss carryforwards, and a majority of the deferred tax assets associated with state tax credits and has recorded a valuation allowance of $64.7 million against these deferred tax assets.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">As of March 31, 2025, the Company had $37.4 million in net deferred tax assets associated with approximately $204.3 million in foreign net operating loss carryforwards and $6.5 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 to fifteen years. At this time, the Company is not able to forecast the utilization of a majority of the deferred tax assets associated with foreign net operating loss carryforwards and foreign tax credit carryforwards and has recorded a valuation allowance of $40.8 million against these foreign deferred tax assets as well as a valuation allowance of $134.1 million against certain other foreign deferred tax assets.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">As of March 31, 2025, $404.5 million or approximately 81% of cash and cash equivalents were held by the Company’s foreign subsidiaries. During the first quarter of Fiscal 2025, The Company re-evaluated its assertion related to the reinvestment of its non-U.S. subsidiaries’ cumulative and current undistributed earnings and determined that the Company may repatriate a portion of these earnings to the U.S. As a result, approximately $522 million of foreign earnings, inclusive of a $390 million cash dividend repatriated in Fiscal 2025, are no longer indefinitely reinvested. The Company recorded approximately $1.3 million of state income tax expense and an offsetting $1.2 million of state valuation allowance release, related to this change in its reinvestment assertion. The remainder of the Company’s prior and current year undistributed foreign earnings will continue to be indefinitely reinvested to fund international growth and operations. As the majority of such foreign earnings have been previously subject to U.S. federal tax, additional taxes including currency gains or losses, capital gains, foreign withholding taxes, and U.S. state taxes are not expected to be material. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following table represents a reconciliation of the Company's total unrecognized tax benefits balances, excluding interest and penalties.<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:56.063%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.788%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.788%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.793%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="15" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31,</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Beginning of period</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">64,932 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">61,945 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">52,867 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Increases as a result of tax positions taken in a prior period</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,491 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,909 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,987 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Decreases as a result of tax positions taken in a prior period</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,921)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(598)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Increases as a result of tax positions taken during the current period</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,787 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">855 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,689 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Decreases as a result of settlements during the current period</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,169)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Decreases as a result of a lapse of limitations during the current period</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(102)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(856)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">End of period</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">72,939 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">64,932 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">61,945 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">As of March 31, 2025, the total liability for unrecognized tax benefits was approximately $95.1 million (March 31, 2024: $79.9 million) including $22.1 million for the accrual of interest and penalties (March 31, 2024: $15.0 million). </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">For Fiscal 2025, the Company recorded $7.1 million for the accrual of interest and penalties within the provision for income taxes on its Consolidated Statements of Operations (Fiscal 2024: $6.6 million; Fiscal 2023: $2.7 million). </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">As of March 31, 2025, $67.9 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 $2.1 million that, if recognized, would result in adjustments to other tax accounts, primarily valuation allowances on deferred tax assets. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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.</div>

<div style="text-indent:36pt">Income (loss) before income taxes is as follows: </div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:47.291%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.712%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.712%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.717%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="15" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31,</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Income (loss) before income taxes</td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">United States</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(396,542)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(17,201)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">7,424 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Foreign</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">191,780 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">279,275 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">260,432 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 37pt;text-align:left;vertical-align:top">Total</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(204,762)</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">262,074 </td><td style="background-color:#ffffff;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">267,856 </td><td style="border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

-396542000

-17201000

7424000

191780000

279275000

260432000

-204762000

262074000

267856000

<div style="text-indent:36pt">The components of the income tax expense (benefit) consisted of the following: </div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:47.291%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.712%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.712%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.717%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="15" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31,</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Current</td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Federal</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">15,267 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">19,909 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">11,529 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">State</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,665 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,062 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,771 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Foreign</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">41,972 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">29,728 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">29,198 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">58,904 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">53,699 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">44,498 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Deferred</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Federal</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(52,055)</td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(22,361)</td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(160,017)</td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">State</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(952)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">90 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">215 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Foreign</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(8,787)</td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,422)</td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,659 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(61,794)</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(23,693)</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(153,143)</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:top">Income tax expense (benefit)</td><td style="background-color:#dbdbdb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(2,890)</td><td style="background-color:#dbdbdb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">30,006 </td><td style="background-color:#dbdbdb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(108,645)</td><td style="background-color:#dbdbdb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

15267000

19909000

11529000

1665000

4062000

3771000

41972000

29728000

29198000

58904000

53699000

44498000

-52055000

-22361000

-160017000

-952000

90000

215000

-8787000

-1422000

6659000

-61794000

-23693000

-153143000

-2890000

30006000

-108645000

<div style="margin-top:5pt;text-align:justify;text-indent:36pt">A reconciliation from the U.S. statutory federal income tax rate to the effective income tax rate is as follows: <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:40.712%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.572%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.648%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.572%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.648%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.572%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:6.656%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="33" style="background-color:#cc2d30;border-bottom:1pt solid #ffffff;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31,</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="9" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="9" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="9" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">U.S. federal statutory income tax rate</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(43,000)</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">21.0 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">55,036 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">21.0 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">56,250 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">21.0 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">State taxes, net of federal tax impact</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(17,156)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8.4 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,342 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1.3 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">7,754 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2.8 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Effect of foreign earnings</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">7,772 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3.8)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(10,975)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4.2)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(8,275)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3.2)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">U.S. GILTI Inclusion</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">28,164 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(13.8)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,041 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2.3 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,617 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2.5 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Permanent tax (benefits)/nondeductible expenses</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,422)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1.7 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(11,623)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4.4)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(9,425)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3.5)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Unrecognized tax benefits</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">14,138 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(6.9)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">7,781 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3.0 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">11,654 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4.4 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">International intangible asset</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(113,688)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(43.6)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Valuation allowance</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">17,175 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(8.4)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">102,669 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">39.2 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(169,566)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(63.3)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Federal R&D credit</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,000)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1.5 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,000)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1.1)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,000)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1.1)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Other</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,561)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1.7 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(5,577)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2.1)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(654)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(0.2)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Effective income tax rate</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(2,890)</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1.4 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">30,006 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">11.4 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(108,645)</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(40.6)</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom">%</td></tr></table></div>

-43000000

0.210

55036000

0.210

56250000

0.210

-17156000

0.084

3342000

0.013

7754000

0.028

7772000

-0.038

-10975000

-0.042

-8275000

-0.032

28164000

-0.138

6041000

0.023

6617000

0.025

-3422000

0.017

-11623000

-0.044

-9425000

-0.035

14138000 -0.069 7781000 0.030 11654000 0.044 0 0 -113688000 -0.436 0 0

17175000

-0.084

102669000

0.392

-169566000

-0.633

3000000

-0.015

3000000

0.011

3000000

0.011

-3561000

0.017

-5577000

-0.021

-654000

-0.002

-2890000

0.014

30006000

0.114

-108645000

-0.406

-2900000

30000000

-108600000

<div style="margin-top:5pt;text-indent:36pt">Deferred tax assets and liabilities consisted of the following: </div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:63.373%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.297%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.300%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">As of March 31, 2024</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Deferred tax assets</td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Operating lease liabilities</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">170,221 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">187,289 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Intangible assets </td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">125,186 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">134,357 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">U.S. federal and state net operating loss</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">68,155 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">12,900 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Capitalized research expenditures</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">65,872 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">57,348 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Reserves and accrued liabilities </td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">45,715 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">60,843 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Foreign net operating loss carry-forwards</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">37,377 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">37,951 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">U.S. federal and state capital loss</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">32,652 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">32,473 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Property and equipment</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">30,270 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,042 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Inventory</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">28,629 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">22,609 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Deductions limited by income</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">16,273 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">13,119 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Stock-based compensation</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">13,312 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">10,379 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Allowance for doubtful accounts and sales return reserves</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">13,063 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,739 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">U.S. federal and state tax credits</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,050 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,409 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Foreign tax credits</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,493 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">10,257 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Convertible debt instruments</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">122 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Other</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">9,600 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,383 </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Total deferred tax assets</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">670,868 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">606,220 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Less: valuation allowance</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(292,362)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(274,829)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Total net deferred tax assets</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">378,506 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">331,391 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="3" style="background-color:#cbcbcb;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Deferred tax liabilities</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Right-of-use asset</td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">(90,424)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;padding:2px 0;text-align:right;vertical-align:bottom">(104,665)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Prepaid expenses </td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,455)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,978)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Other</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,189)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3,796)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Total deferred tax liabilities</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(93,068)</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(111,439)</td><td style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 19pt;text-align:left;vertical-align:top">Total deferred tax assets, net</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">285,438 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">219,952 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table>

170221000 187289000

125186000

134357000

68155000

12900000

65872000 57348000

45715000

60843000

37377000

37951000

32652000

32473000

30270000

5042000

28629000

22609000

16273000

13119000

13312000

10379000

13063000

8739000

8050000 4409000

6493000

10257000

0 122000

9600000

8383000

670868000

606220000

292362000

274829000

378506000

331391000

90424000 104665000

1455000

2978000

1189000

3796000

93068000

111439000

285438000

219952000

68200000

743700000

8100000 P20Y

32700000

129200000

P1Y

64700000

37400000 204300000

6500000

P15Y

40800000

134100000

404500000 0.81

522000000

390000000

1300000

1200000

<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following table represents a reconciliation of the Company's total unrecognized tax benefits balances, excluding interest and penalties.<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:56.063%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.788%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.788%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.793%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="15" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31,</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Beginning of period</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">64,932 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">61,945 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">52,867 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Increases as a result of tax positions taken in a prior period</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,491 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,909 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,987 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Decreases as a result of tax positions taken in a prior period</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,921)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(598)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Increases as a result of tax positions taken during the current period</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,787 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">855 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,689 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">Decreases as a result of settlements during the current period</td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,169)</td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#cbcbcb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Decreases as a result of a lapse of limitations during the current period</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(102)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(856)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:top">End of period</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">72,939 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">64,932 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">61,945 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

64932000

61945000

52867000

6491000

5909000

4987000

2921000

598000

2787000

855000

4689000

1169000

102000

856000

72939000

64932000

61945000

95100000 79900000

22100000

15000000

7100000

6600000

2700000

67900000

2100000

EARNINGS PER SHARE<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following represents a reconciliation from basic net income (loss) per share to diluted net income (loss) per share:</div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:52.047%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.126%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.126%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.131%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="15" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31,</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="background-color:#d1d1d1;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Numerator</td><td colspan="3" style="background-color:#d1d1d1;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#d1d1d1;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#d1d1d1;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#d1d1d1;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#d1d1d1;border-top:1pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Net income (loss) - Basic</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(201,267)</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">232,042 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">374,459 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d1d1d1;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12pt">Interest on Convertible Senior Notes due 2024, net of tax (1)(2)</div></td><td colspan="2" style="background-color:#d1d1d1;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#d1d1d1;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d1d1d1;padding:0 1pt"></td><td colspan="2" style="background-color:#d1d1d1;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">901 </td><td style="background-color:#d1d1d1;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d1d1d1;padding:0 1pt"></td><td colspan="2" style="background-color:#d1d1d1;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">899 </td><td style="background-color:#d1d1d1;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Net income (loss) - Diluted</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(201,267)</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">232,943 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">375,358 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d1d1d1;padding:2px 1pt;text-align:left;vertical-align:top">Denominator</td><td colspan="3" style="background-color:#d1d1d1;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#d1d1d1;padding:0 1pt"></td><td colspan="3" style="background-color:#d1d1d1;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#d1d1d1;padding:0 1pt"></td><td colspan="3" style="background-color:#d1d1d1;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Weighted average common shares outstanding Class A, B and C - Basic</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">432,245 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">440,324 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">451,426 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d1d1d1;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12pt">Dilutive effect of Class A, B, and C securities (1)</div></td><td colspan="2" style="background-color:#d1d1d1;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#d1d1d1;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d1d1d1;padding:0 1pt"></td><td colspan="2" style="background-color:#d1d1d1;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,445 </td><td style="background-color:#d1d1d1;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d1d1d1;padding:0 1pt"></td><td colspan="2" style="background-color:#d1d1d1;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,841 </td><td style="background-color:#d1d1d1;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt">Dilutive effect of Convertible Senior Notes due 2024 (1)(2)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,242 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,242 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d1d1d1;padding:2px 1pt;text-align:left;vertical-align:bottom">Weighted average common shares and dilutive securities outstanding Class A, B, and C</td><td colspan="2" style="background-color:#d1d1d1;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">432,245 </td><td style="background-color:#d1d1d1;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d1d1d1;padding:0 1pt"></td><td colspan="2" style="background-color:#d1d1d1;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">451,011 </td><td style="background-color:#d1d1d1;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d1d1d1;padding:0 1pt"></td><td colspan="2" style="background-color:#d1d1d1;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">461,509 </td><td style="background-color:#d1d1d1;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#d1d1d1;padding:2px 1pt;text-align:left;vertical-align:top"><div>Class A and Class C securities excluded as anti-dilutive (3)</div></td><td colspan="2" style="background-color:#d1d1d1;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">10,656 </td><td style="background-color:#d1d1d1;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d1d1d1;padding:0 1pt"></td><td colspan="2" style="background-color:#d1d1d1;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">15,076 </td><td style="background-color:#d1d1d1;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d1d1d1;padding:0 1pt"></td><td colspan="2" style="background-color:#d1d1d1;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,989 </td><td style="background-color:#d1d1d1;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#d1d1d1;padding:2px 1pt;text-align:left;vertical-align:bottom">Basic net income (loss) per share of Class A, B and C common stock</td><td style="background-color:#d1d1d1;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#d1d1d1;padding:2px 0;text-align:right;vertical-align:bottom">(0.47)</td><td style="background-color:#d1d1d1;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d1d1d1;padding:0 1pt"></td><td style="background-color:#d1d1d1;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#d1d1d1;padding:2px 0;text-align:right;vertical-align:bottom">0.53 </td><td style="background-color:#d1d1d1;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d1d1d1;padding:0 1pt"></td><td style="background-color:#d1d1d1;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#d1d1d1;padding:2px 0;text-align:right;vertical-align:bottom">0.83 </td><td style="background-color:#d1d1d1;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Diluted net income (loss) per share of Class A, B and C common stock</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(0.47)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">0.52 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">0.81 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:9pt;text-indent:-9pt">(1) 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 were included in the computation of diluted earnings per share during periods when the Company was in a net loss position, as their effect would be anti-dilutive.</div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:9pt;text-indent:-9pt">(2) The Company's Convertible Senior Notes matured on June 1, 2024. Upon maturity, the Company repaid the $80.9 million aggregate principal amount of the Convertible Senior Notes outstanding using cash on hand. Refer to Note 9 of these Consolidated Financial Statements for additional details.</div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:9pt;text-indent:-9pt">(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.</div>

<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following represents a reconciliation from basic net income (loss) per share to diluted net income (loss) per share:</div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:52.047%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.126%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.126%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.131%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="15" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31,</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2024</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="background-color:#d1d1d1;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:top">Numerator</td><td colspan="3" style="background-color:#d1d1d1;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#d1d1d1;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#d1d1d1;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#d1d1d1;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#d1d1d1;border-top:1pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Net income (loss) - Basic</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(201,267)</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">232,042 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">374,459 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d1d1d1;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12pt">Interest on Convertible Senior Notes due 2024, net of tax (1)(2)</div></td><td colspan="2" style="background-color:#d1d1d1;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#d1d1d1;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d1d1d1;padding:0 1pt"></td><td colspan="2" style="background-color:#d1d1d1;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">901 </td><td style="background-color:#d1d1d1;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d1d1d1;padding:0 1pt"></td><td colspan="2" style="background-color:#d1d1d1;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">899 </td><td style="background-color:#d1d1d1;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Net income (loss) - Diluted</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(201,267)</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">232,943 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">375,358 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d1d1d1;padding:2px 1pt;text-align:left;vertical-align:top">Denominator</td><td colspan="3" style="background-color:#d1d1d1;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#d1d1d1;padding:0 1pt"></td><td colspan="3" style="background-color:#d1d1d1;border-top:3pt double #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#d1d1d1;padding:0 1pt"></td><td colspan="3" style="background-color:#d1d1d1;border-top:3pt double #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Weighted average common shares outstanding Class A, B and C - Basic</td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">432,245 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">440,324 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">451,426 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d1d1d1;padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:12pt">Dilutive effect of Class A, B, and C securities (1)</div></td><td colspan="2" style="background-color:#d1d1d1;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#d1d1d1;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d1d1d1;padding:0 1pt"></td><td colspan="2" style="background-color:#d1d1d1;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,445 </td><td style="background-color:#d1d1d1;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d1d1d1;padding:0 1pt"></td><td colspan="2" style="background-color:#d1d1d1;border-top:3pt double #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,841 </td><td style="background-color:#d1d1d1;border-top:3pt double #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:12pt">Dilutive effect of Convertible Senior Notes due 2024 (1)(2)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,242 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8,242 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#d1d1d1;padding:2px 1pt;text-align:left;vertical-align:bottom">Weighted average common shares and dilutive securities outstanding Class A, B, and C</td><td colspan="2" style="background-color:#d1d1d1;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">432,245 </td><td style="background-color:#d1d1d1;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d1d1d1;padding:0 1pt"></td><td colspan="2" style="background-color:#d1d1d1;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">451,011 </td><td style="background-color:#d1d1d1;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d1d1d1;padding:0 1pt"></td><td colspan="2" style="background-color:#d1d1d1;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">461,509 </td><td style="background-color:#d1d1d1;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:3pt double #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#d1d1d1;padding:2px 1pt;text-align:left;vertical-align:top"><div>Class A and Class C securities excluded as anti-dilutive (3)</div></td><td colspan="2" style="background-color:#d1d1d1;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">10,656 </td><td style="background-color:#d1d1d1;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d1d1d1;padding:0 1pt"></td><td colspan="2" style="background-color:#d1d1d1;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">15,076 </td><td style="background-color:#d1d1d1;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d1d1d1;padding:0 1pt"></td><td colspan="2" style="background-color:#d1d1d1;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,989 </td><td style="background-color:#d1d1d1;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:14pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#d1d1d1;padding:2px 1pt;text-align:left;vertical-align:bottom">Basic net income (loss) per share of Class A, B and C common stock</td><td style="background-color:#d1d1d1;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#d1d1d1;padding:2px 0;text-align:right;vertical-align:bottom">(0.47)</td><td style="background-color:#d1d1d1;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d1d1d1;padding:0 1pt"></td><td style="background-color:#d1d1d1;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#d1d1d1;padding:2px 0;text-align:right;vertical-align:bottom">0.53 </td><td style="background-color:#d1d1d1;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#d1d1d1;padding:0 1pt"></td><td style="background-color:#d1d1d1;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#d1d1d1;padding:2px 0;text-align:right;vertical-align:bottom">0.83 </td><td style="background-color:#d1d1d1;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Diluted net income (loss) per share of Class A, B and C common stock</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">(0.47)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">0.52 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:bottom">0.81 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:9pt;text-indent:-9pt">(1) 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 were included in the computation of diluted earnings per share during periods when the Company was in a net loss position, as their effect would be anti-dilutive.</div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:9pt;text-indent:-9pt">(2) The Company's Convertible Senior Notes matured on June 1, 2024. Upon maturity, the Company repaid the $80.9 million aggregate principal amount of the Convertible Senior Notes outstanding using cash on hand. Refer to Note 9 of these Consolidated Financial Statements for additional details.</div><div style="margin-bottom:5pt;margin-top:5pt;padding-left:9pt;text-indent:-9pt">(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.</div>

-201267000

232042000

374459000

901000

899000

-201267000

232943000

375358000

432245000

440324000

451426000

2445000

1841000

0 8242000 8242000

432245000

451011000

461509000

10656000

15076000

6989000

-0.47

0.53

0.83

-0.47

0.52

0.81

80900000

SEGMENT DATA<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The Company's operating segments are based on how the President and Chief Executive Officer, who has been identified as the Chief Operating Decision Maker ("CODM") makes decisions about allocating resources and assessing performance. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The CODM uses operating income (loss) as the measure of profit or loss when making decisions about the allocation of resources to each operating segment during the annual budget and forecasting process, taking into consideration performance against management expectations and performance against other operating segment results. Segment assets and expenditures for additions to long-lived assets are not disclosed as this information is not regularly provided to the CODM.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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) 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; (ii) restructuring and restructuring related charges, if any; (iii) certain foreign currency hedge gains and losses; and (iv) operating results from the MapMyFitness digital platform, which was sold during the second quarter of Fiscal 2025.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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. Intercompany balances are eliminated in consolidation and are not reviewed when evaluating segment performance. </div><div style="margin-bottom:6pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:26.823%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.256%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.256%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.572%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.704%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="39" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31, 2025</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">North America</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">EMEA</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Asia-Pacific</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Latin America</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total Reportable Segments</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Corporate Other</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">Net revenues</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">3,105,624 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">1,086,578 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">755,437 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">215,427 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">5,163,066 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">1,244 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">5,164,310 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Less:</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Marketing and advertising costs</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">222,762 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">128,461 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">87,053 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,778 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">445,054 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">104,798 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">549,852 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt">Other segment expenses(1)(2)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,253,344 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">810,935 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">595,197 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">161,117 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,820,593 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">979,081 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,799,674 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:bottom">Total operating income (loss)</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">629,518 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">147,182 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">73,187 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">47,532 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">897,419 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(1,082,635)</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(185,216)</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Interest income (expense), net</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(6,115)</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Other income (expense), net</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(13,431)</td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Income (loss) before income taxes</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(204,762)</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:26.823%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.703%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="39" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31, 2024</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">North America</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">EMEA</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Asia-Pacific</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Latin America</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total Reportable Segments</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Corporate Other</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">Net revenues</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">3,505,167 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">1,081,915 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">873,019 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">229,481 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">5,689,582 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">12,297 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">5,701,879 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Less:</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Marketing and advertising costs</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">252,892 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">100,490 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">100,129 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">10,532 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">464,043 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">104,461 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">568,504 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt">other segment expenses(1)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,574,393 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">805,220 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">653,240 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">180,548 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,213,401 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">690,223 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,903,624 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:bottom">Total operating income (loss)</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">677,882 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">176,205 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">119,650 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">38,401 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">1,012,138 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(782,387)</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">229,751 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Interest income (expense), net</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">268 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Other income (expense), net</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">32,055 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Income (loss) before income taxes</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">262,074 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:26.823%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.703%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="39" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31, 2023</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">North America</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">EMEA</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Asia-Pacific</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Latin America</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total Reportable Segments</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Corporate Other</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">Net revenues</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">3,820,522 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">992,624 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">825,338 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">213,215 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">5,851,699 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">51,466 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">5,903,165 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Less:</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Marketing and advertising costs</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">303,035 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">95,472 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">107,247 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">10,318 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">516,072 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">104,195 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">620,267 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt">Other segment expenses(1)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,802,831 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">784,991 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">617,815 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">179,410 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,385,047 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">634,265 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,019,312 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:bottom">Total operating income (loss)</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">714,656 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">112,161 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">100,276 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">23,487 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">950,580 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(686,994)</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">263,586 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Interest income (expense), net</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(12,826)</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Other income (expense), net</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">17,096 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Income (loss) before income taxes</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">267,856 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:9pt;text-indent:-9pt">(1) Other segment expenses 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.</div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:9pt;text-indent:-9pt">(2) Other segment expenses for the Corporate other non-operating segment for Fiscal 2025 include $261 million of net litigation expense related to the settlement of the Class Action Securities litigation (refer to Note 10) and $89 million of restructuring and related charges incurred under the 2025 restructuring plan (refer to Note 13).</div><div style="margin-bottom:6pt;margin-top:6pt"> </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following table further disaggregates the Company's net revenues by geographic area, based on shipping destination:</div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:50.800%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.546%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:middle">Year Ended March 31, 2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:middle">Year Ended March 31, 2024</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:middle">Year Ended March 31, 2023</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">United States</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">2,817,170 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">3,172,245 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">3,480,153 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Other countries</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,345,896 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,517,337 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,371,546 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Total reportable segments</td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,163,066 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,689,582 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,851,699 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Corporate other</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,244 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">12,297 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">51,466 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom">Total net revenues</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5,164,310 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5,701,879 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5,903,165 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">For Fiscal 2025, Fiscal 2024 and Fiscal 2023, no single customer accounted for more than 10% of the Company's net revenues.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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:</div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:63.760%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.176%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.179%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:middle">March 31, 2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:middle">March 31, 2024</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">United States</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">815,903 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">877,558 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Other countries</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">213,585 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">221,644 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom">Total long-lived assets</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,029,488 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,099,202 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

<div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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. Intercompany balances are eliminated in consolidation and are not reviewed when evaluating segment performance. </div><div style="margin-bottom:6pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:26.823%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.256%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.256%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.572%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.704%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="39" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31, 2025</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">North America</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">EMEA</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Asia-Pacific</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Latin America</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total Reportable Segments</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Corporate Other</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">Net revenues</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">3,105,624 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">1,086,578 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">755,437 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">215,427 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">5,163,066 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">1,244 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">5,164,310 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Less:</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Marketing and advertising costs</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">222,762 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">128,461 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">87,053 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,778 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">445,054 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">104,798 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">549,852 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt">Other segment expenses(1)(2)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,253,344 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">810,935 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">595,197 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">161,117 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,820,593 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">979,081 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,799,674 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:bottom">Total operating income (loss)</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">629,518 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">147,182 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">73,187 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">47,532 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">897,419 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(1,082,635)</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(185,216)</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Interest income (expense), net</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(6,115)</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Other income (expense), net</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(13,431)</td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Income (loss) before income taxes</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">(204,762)</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:26.823%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.703%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="39" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31, 2024</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">North America</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">EMEA</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Asia-Pacific</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Latin America</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total Reportable Segments</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Corporate Other</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">Net revenues</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">3,505,167 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">1,081,915 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">873,019 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">229,481 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">5,689,582 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">12,297 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">5,701,879 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Less:</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Marketing and advertising costs</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">252,892 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">100,490 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">100,129 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">10,532 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">464,043 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">104,461 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">568,504 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt">other segment expenses(1)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,574,393 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">805,220 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">653,240 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">180,548 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,213,401 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">690,223 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,903,624 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:bottom">Total operating income (loss)</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">677,882 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">176,205 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">119,650 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">38,401 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">1,012,138 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(782,387)</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">229,751 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Interest income (expense), net</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">268 </td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Other income (expense), net</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">32,055 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Income (loss) before income taxes</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">262,074 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:26.823%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.695%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.703%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="39" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Year Ended March 31, 2023</td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">North America</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">EMEA</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Asia-Pacific</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Latin America</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total Reportable Segments</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Corporate Other</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:center;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">Net revenues</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">3,820,522 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">992,624 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">825,338 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">213,215 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">5,851,699 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">51,466 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">5,903,165 </td><td style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Less:</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:bottom">Marketing and advertising costs</td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">303,035 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">95,472 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">107,247 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">10,318 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">516,072 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">104,195 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">620,267 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="padding-left:6pt">Other segment expenses(1)</div></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,802,831 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">784,991 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">617,815 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">179,410 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,385,047 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">634,265 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,019,312 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:bottom">Total operating income (loss)</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">714,656 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">112,161 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">100,276 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">23,487 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">950,580 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">(686,994)</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 0;text-align:right;vertical-align:bottom">263,586 </td><td style="background-color:#dbdbdb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Interest income (expense), net</td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(12,826)</td><td style="background-color:#ffffff;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt 2px 7pt;text-align:left;vertical-align:top">Other income (expense), net</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="2" style="background-color:#dbdbdb;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">17,096 </td><td style="background-color:#dbdbdb;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Income (loss) before income taxes</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">267,856 </td><td style="background-color:#ffffff;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:9pt;text-indent:-9pt">(1) Other segment expenses 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.</div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:9pt;text-indent:-9pt">(2) Other segment expenses for the Corporate other non-operating segment for Fiscal 2025 include $261 million of net litigation expense related to the settlement of the Class Action Securities litigation (refer to Note 10) and $89 million of restructuring and related charges incurred under the 2025 restructuring plan (refer to Note 13).</div><div style="margin-bottom:6pt;margin-top:6pt"> </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">The following table further disaggregates the Company's net revenues by geographic area, based on shipping destination:</div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:50.800%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.543%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.384%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.546%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:middle">Year Ended March 31, 2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:middle">Year Ended March 31, 2024</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:middle">Year Ended March 31, 2023</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">United States</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">2,817,170 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">3,172,245 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">3,480,153 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Other countries</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,345,896 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,517,337 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,371,546 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt;text-align:left;vertical-align:bottom">Total reportable segments</td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,163,066 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,689,582 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td colspan="2" style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,851,699 </td><td style="background-color:#cbcbcb;border-top:1pt solid #000000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Corporate other</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1,244 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">12,297 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">51,466 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom">Total net revenues</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5,164,310 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5,701,879 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5,903,165 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">For Fiscal 2025, Fiscal 2024 and Fiscal 2023, no single customer accounted for more than 10% of the Company's net revenues.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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:</div><div style="margin-bottom:5pt;margin-top:5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.853%"><tr><td style="width:1.0%"></td><td style="width:63.760%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.176%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.385%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:16.179%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:middle">March 31, 2025</td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;border-left:1pt solid #cc2d30;border-right:1pt solid #cc2d30;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:center;vertical-align:middle">March 31, 2024</td></tr><tr><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom">United States</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">815,903 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;border-top:1pt solid #cc2d30;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 0;text-align:right;vertical-align:bottom">877,558 </td><td style="background-color:#cbcbcb;border-top:1pt solid #ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Other countries</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">213,585 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">221,644 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#cbcbcb;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:bottom">Total long-lived assets</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,029,488 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="background-color:#cbcbcb;padding:0 1pt"></td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1,099,202 </td><td style="background-color:#cbcbcb;border-bottom:3pt double #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

3105624000

1086578000

755437000

215427000

5163066000

1244000

5164310000

222762000

128461000

87053000

6778000

445054000

104798000

549852000

2253344000

810935000

595197000

161117000

3820593000

979081000

4799674000

629518000

147182000

73187000

47532000

897419000

-1082635000

-185216000

-6115000

-13431000

-204762000

3505167000

1081915000

873019000

229481000

5689582000

12297000

5701879000

252892000

100490000

100129000

10532000

464043000

104461000

568504000

2574393000

805220000

653240000

180548000

4213401000

690223000

4903624000

677882000

176205000

119650000

38401000

1012138000

-782387000

229751000

268000

32055000

262074000

3820522000

992624000

825338000

213215000

5851699000

51466000

5903165000

303035000

95472000

107247000

10318000

516072000

104195000

620267000

2802831000

784991000

617815000

179410000

4385047000

634265000

5019312000

714656000

112161000

100276000

23487000

950580000

-686994000

263586000

-12826000

17096000

267856000

261000000

89000000

2817170000

3172245000

3480153000

2345896000

2517337000

2371546000

5163066000

5689582000

5851699000

1244000

12297000

51466000

5164310000

5701879000

5903165000

815903000

877558000

213585000

221644000

1029488000

1099202000

RELATED PARTY TRANSACTIONS <div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 $1.7 million during Fiscal 2025 for lease payments to the entity for its use of the aircraft (Fiscal 2024: $1.6 million; Fiscal 2023: $2.0 million). The Company determined the lease payments were at fair market lease rates. </div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 global 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.</div><div style="margin-bottom:5pt;margin-top:5pt;text-indent:36pt">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 </div><div style="margin-bottom:5pt;margin-top:5pt">expected benefits to the Company's parcels from these projects. No amounts were payable by either party under this agreement as of March 31, 2025.</div>

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2000000

70300000

false false false false true 238 true <div style="margin-bottom:10pt;margin-top:10pt;text-align:center">Schedule II</div><div style="margin-bottom:10pt;margin-top:10pt;text-align:center">Valuation and Qualifying Accounts</div><div style="margin-top:5pt">(In thousands)<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:39.835%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.935%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.935%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.935%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.530%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.940%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#cc2d30;padding:2px 1pt;text-align:center;vertical-align:bottom">Description</td><td colspan="3" style="background-color:#cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Balance at</div><div style="text-align:center">Beginning</div><div style="text-align:center">of Year</div></td><td colspan="3" style="background-color:#cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Charged to</div><div style="text-align:center">Costs and</div><div style="text-align:center">Expenses</div></td><td colspan="3" style="background-color:#cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Write-Offs</div><div style="text-align:center">Net of</div><div style="text-align:center">Recoveries</div></td><td colspan="3" style="background-color:#cc2d30;padding:0 1pt"></td><td colspan="3" style="background-color:#cc2d30;padding:2px 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center">Balance at</div><div style="text-align:center">End of</div><div style="text-align:center">Year</div></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Allowance for doubtful accounts</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;border-top:1pt solid #ffffff;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">For the year ended March 31, 2025</td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">14,994 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">4,136 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">(2,110)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">17,020 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">For the year ended March 31, 2024</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">10,813 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,061 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,880)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">14,994 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">For the year ended March 31, 2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">7,113 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,193 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,493)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">10,813 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:top">Sales returns and allowances</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">For the year ended March 31, 2025</td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">59,218 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">(149,737)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">155,494 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">64,975 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">For the year ended March 31, 2024</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">70,191 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(146,700)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">135,727 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">59,218 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">For the year ended March 31, 2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">70,136 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(125,816)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">125,871 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">70,191 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#dbdbdb;padding:2px 1pt;text-align:left;vertical-align:bottom">Deferred tax asset valuation allowance</td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td><td colspan="3" style="background-color:#dbdbdb;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">For the year ended March 31, 2025</td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">274,829 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">30,643 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">(13,110)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">292,362 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">For the year ended March 31, 2024</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">177,026 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">116,254 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(18,451)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">274,829 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">For the year ended March 31, 2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">351,603 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6,186 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(180,763)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">177,026 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

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