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Segment Data | 9 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
SEGMENT DATA | SEGMENT DATA The Company's operating segments are based on how the Chief Operating Decision Maker ("CODM") makes decisions about allocating resources and assessing performance. As such, 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. Total expenditures for additions to long-lived assets are not disclosed as this information is not regularly provided to the CODM. 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. The following tables summarize the Company's net revenues and operating income (loss) by its geographic segments. Intercompany balances were eliminated in consolidation and are not reviewed when evaluating segment performance.
| Three Months Ended December 31, |  | Nine Months Ended December 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
Net revenues |  |  |  |  |  |  |
North America | $ | 843,620 |  |  | $ | 915,335 |  |  | $ | 2,416,225 |  |  | $ | 2,733,297 |
EMEA | 297,890 |  |  | 284,049 |  |  | 807,960 |  |  | 797,781 |
Asia-Pacific | 201,112 |  |  | 212,018 |  |  | 590,609 |  |  | 646,315 |
Latin America | 58,990 |  |  | 69,832 |  |  | 170,340 |  |  | 179,240 |
Corporate Other | (573) |  |  | 4,809 |  |  | (1,407) |  |  | 13,049 |
Total net revenues | $ | 1,401,039 |  |  | $ | 1,486,043 |  |  | $ | 3,983,727 |  |  | $ | 4,369,682 |
| Three Months Ended December 31, |  | Nine Months Ended December 31,
| 2024 |  | 2023 |  | 2024 |  | 2023
Operating income (loss) |  |  |  |  |  |  |
North America | $ | 164,068 |  |  | $ | 166,256 |  |  | $ | 529,216 |  |  | $ | 538,041 |
EMEA | 42,110 |  |  | 49,133 |  |  | 114,161 |  |  | 117,738 |
Asia-Pacific | 14,009 |  |  | 16,014 |  |  | 58,158 |  |  | 86,020 |
Latin America | 14,186 |  |  | 13,367 |  |  | 41,528 |  |  | 32,759 |
Corporate Other (1) | (220,864) |  |  | (173,361) |  |  | (856,202) |  |  | (541,253) |
Total operating income (loss) | 13,509 |  |  | 71,409 |  |  | (113,139) |  |  | 233,305 |
Interest income (expense), net | (3,391) |  |  | (211) |  |  | (2,794) |  |  | (2,210) |
Other income (expense), net | (2,563) |  |  | 47,927 |  |  | (8,713) |  |  | 35,763 |
Income (loss) before income taxes | $ | 7,555 |  |  | $ | 119,125 |  |  | $ | (124,646) |  |  | $ | 266,858 |
(1) Results for the nine months ended December 31, 2024, include $261 million of litigation expense, net of insurance proceeds, related to the settlement of the Class Action Securities litigation. Refer to Note 10 of these Condensed Consolidated Financial Statements for additional details.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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