XML 20 R8.htm IDEA: XBRL DOCUMENT v3.25.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities    
Net income (loss) $ (133,810) $ 225,474
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities    
Depreciation and amortization 96,786 102,113
Unrealized foreign currency exchange rate (gain) loss 8,072 (904)
Loss on disposal of property and equipment 4,039 746
Non-cash restructuring and impairment charges 38,575 0
Amortization of bond premium and debt issuance costs 1,703 1,565
Stock-based compensation 40,794 33,163
Deferred income taxes (8,784) (24,430)
Changes in reserves and allowances 10,480 25,085
Changes in operating assets and liabilities:    
Accounts receivable 136,658 58,044
Inventories (149,362) 72,578
Prepaid expenses and other assets 2,988 (56,261)
Other non-current assets (39,662) 37,494
Accounts payable 172,504 32,100
Accrued expenses and other liabilities (65,207) (38,737)
Customer refund liabilities 30,838 80
Income taxes payable and receivable (3,732) 8,753
Net cash provided by (used in) operating activities 142,880 476,863
Cash flows from investing activities    
Purchases of property and equipment (139,860) (116,541)
Sale of MyFitnessPal platform 50,000 45,000
Sale of MapMyFitness platform 8,000 0
Purchase of UNLESS COLLECTIVE, Inc, net of cash acquired (9,788) 0
Purchase of equity method investment in ISC Sport (7,546) 0
Net cash provided by (used in) investing activities (99,194) (71,541)
Cash flows from financing activities    
Common shares repurchased (65,000) (75,000)
Repayment of long-term debt (80,919) 0
Employee taxes paid for shares withheld for income taxes (9,000) (2,428)
Proceeds from exercise of stock options and other stock issuances 1,852 2,443
Payments of debt financing costs (1,388) 0
Net cash provided by (used in) financing activities (154,455) (74,985)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (20,982) 136
Net increase (decrease) in cash, cash equivalents and restricted cash (131,751) 330,473
Cash, cash equivalents and restricted cash    
Beginning of period 876,917 726,745
End of period 745,166 1,057,218
Non-cash investing and financing activities    
Change in accrual for property and equipment $ (8,587) $ (3,928)