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Segment Data
 9 Months Ended
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,
2024202320242023
Net revenues
North America$843,620 $915,335 $2,416,225 $2,733,297 
EMEA297,890 284,049 807,960 797,781 
Asia-Pacific201,112 212,018 590,609 646,315 
Latin America58,990 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,
2024202320242023
Operating income (loss)
North America$164,068 $166,256 $529,216 $538,041 
EMEA42,110 49,133 114,161 117,738 
Asia-Pacific14,009 16,014 58,158 86,020 
Latin America14,186 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.