Under Armour 2014 Annual Report Download - page 57
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Credit Ris
k
We are exposed to credit risk primarily on our accounts receivable. We provide credit to customers in th
e
o
rdinary course of business and perform ongoing credit evaluations. We believe that our exposure to
concentrations of credit risk with respect to trade receivables is largely mitigated by our customer base. We
believe that our allowance for doubtful accounts is sufficient to cover customer credit risks as of December 31
,
2014
.
Inflation
I
nflationary factors such as increases in the cost of our product and overhead costs may adversely affect our
o
perating results. Although we do not believe that inflation has had a material impact on our financial position or
r
esults of operations in recent periods, a high rate of inflation in the future may have an adverse effect on ou
r
ability to maintain current levels of gross margin and selling, general and administrative expenses as a percentag
e
o
f net revenues if the selling prices of our products do not increase with these increased costs
.
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