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Restructuring and related charges (Tables)

9 Months Ended

Dec. 31, 2024

Restructuring and Related Activities [Abstract]

Schedule of Restructuring and Related Costs

The costs recorded during the three and nine months ended December 31, 2024 were primarily North America related. The summary of these costs, as well as the Company's current estimates of the remaining amount expected to be incurred in connection with the 2025 restructuring plan is as follows:

															Estimated Restructuring and Related Charges (1)
			Three Months Ended December 31, 2024						Nine Months Ended December 31, 2024						Remaining to be incurred						Total to be incurred under plan
Costs recorded in restructuring charges:
Employee-related costs			$	1,584					$	13,322
Facility-related costs			5,706						18,201
Other restructuring costs			6,655						10,720
Total costs recorded in restructuring charges			$	13,945					$	42,243					$	67,757					$	110,000
Costs recorded in selling, general and administrative expenses:
Employee related costs			—						9,460
Other transformation initiatives			3,819						5,740
Total costs recorded in selling, general and administrative expenses			$	3,819					$	15,200					$	34,800					$	50,000
Total restructuring and related charges			$	17,764					$	57,443					$	102,557					$	160,000

(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.

Schedule of Activity in the Restructuring Reserve

A summary of the activity in the restructuring reserve related to the Company's 2025 restructuring plan for the nine months ended December 31, 2024 is as follows:

			Employee Related Costs						Facility Related Costs						Other Restructuring Related Costs
Balance as of March 31, 2024			$	—					$	—					$	—
Net additions (recoveries) charged to expense (1)			13,311						5,800						12,908
Cash payments			(10,827)						(5,800)						(7,725)
Foreign exchange and other			45						—						—
Balance as of December 31, 2024			$	2,529					$	—					$	5,183

(1) Amount excludes approximately $15.5 million of non-cash facility-related and other charges and a $5.3 million non-cash gain from the sale of the MapMyFitness platform.

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- References

No definition available.

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- Definition

Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 5.P.3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1

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-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4)
-Publisher FASB
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Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

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- Definition

Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 420
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.P.4.b.2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2

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-Name Accounting Standards Codification
-Topic 420
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482017/420-10-50-1

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