Under Armour 2014 Annual Report Download - page 69

S
hipping and Handling Cost
s
T
h
e Compan
y
c
h
ar
g
es certa
i
n customers s
hi
pp
i
n
g
an
dh
an
dli
n
gf
ees. T
h
ese
f
ees are recor
d
e
di
nne
t
r
evenues. T
h
e Compan
yi
nc
l
u
d
es t
h
ema
j
or
i
t
y
o
f
out
b
oun
dh
an
dli
n
g
costs as a component o
f
se
lli
n
g
,
g
enera
l
an
d
a
d
m
i
n
i
strat
i
ve expenses. Out
b
oun
dh
an
dli
n
g
costs
i
nc
l
u
d
e costs assoc
i
ate
d
w
i
t
h
prepar
i
n
gg
oo
d
stos
hi
pt
o
customers an
d
certa
i
n costs to operate t
h
e Compan
y
’s
di
str
ib
ut
i
on
f
ac
ili
t
i
es. T
h
ese costs,
i
nc
l
u
d
e
d
w
i
t
hi
nse
lli
n
g,
g
eneral and administrative expenses, were $55.3 million, $46.1 million and $34.8 million for the
y
ears ended
Decem
b
er 31, 2014, 2013 an
d
2012, respect
i
ve
ly
.T
h
e Compan
yi
nc
l
u
d
es out
b
oun
df
re
igh
t costs assoc
i
ate
d
w
i
t
h
s
hi
pp
i
n
gg
oo
d
s to customers as a component o
f
cost o
fg
oo
d
sso
ld
.
M
i
nor
i
ty Investmen
t
T
h
e Compan
yh
o
ld
sam
i
nor
i
t
yi
nvestment
i
n Dome Corporat
i
on (“Dome”), t
h
e Compan
y
’s Japanese
licensee. The Compan
y
invested ¥1,140.0 million, or $15.5 million, in exchan
g
e for 19.5% common stock
o
wners
hi
p
i
n Dome. As o
f
Decem
b
er 31, 2014 an
d
2013, t
h
e carr
yi
n
g
va
l
ue o
f
t
h
e Compan
y
’s
i
nvestment was
$
13.4 million and $15.2 million, respectivel
y
, and was included in other lon
g
term assets on the consolidate
d
b
a
l
ance s
h
eet. T
h
e
i
nvestment
i
ssu
bj
ect to
f
ore
ig
n currenc
y
trans
l
at
i
on rate
fl
uctuat
i
ons as
i
t
i
s
h
e
ld by
t
he
Compan
y
’s European su
b
s
idi
ar
y.
T
h
e Compan
y
accounts
f
or
i
ts
i
nvestment
i
n Dome un
d
er t
h
e cost met
h
o
dgi
ven t
h
at
i
t
d
oes not
h
ave t
he
a
bili
t
y
to exerc
i
se s
ig
n
ifi
cant
i
n
fl
uence. A
ddi
t
i
ona
lly
,t
h
e Compan
y
conc
l
u
d
e
d
t
h
at no event or c
h
an
g
e
i
n
c
i
rcumstances occurre
dd
ur
i
n
g
t
h
e
y
ear en
d
e
d
Decem
b
er 31, 2014 t
h
at ma
yh
ave a s
ig
n
ifi
cant a
d
verse e
ff
ect o
n
t
h
e
f
a
i
r
v
a
l
ue o
f
t
h
e
i
n
v
estment
.
E
arnings per Shar
e
Bas
i
c earn
i
n
g
s per common s
h
are
i
s compute
dbydi
v
idi
n
g
net
i
ncome ava
il
a
bl
e to common stoc
kh
o
ld
ers
f
o
r
t
h
e per
i
o
dby
t
h
ewe
igh
te
d
avera
g
e num
b
er o
f
common s
h
ares outstan
di
n
gd
ur
i
n
g
t
h
e per
i
o
d
.An
y
stoc
k
-
b
ase
d
compensat
i
on awar
d
st
h
at are
d
eterm
i
ne
d
to
b
e part
i
c
i
pat
i
n
g
secur
i
t
i
es, w
hi
c
h
are stoc
k
-
b
ase
d
compensat
i
o
n
awar
d
st
h
at ent
i
t
l
et
h
e
h
o
ld
ers to rece
i
ve
di
v
id
en
d
spr
i
or to vest
i
n
g
, are
i
nc
l
u
d
e
di
nt
h
eca
l
cu
l
at
i
on o
fb
as
i
c
earn
i
n
g
s per s
h
are us
i
n
g
t
h
e two c
l
ass met
h
o
d
.D
il
ute
d
earn
i
n
g
s per common s
h
are
i
s compute
dbydi
v
idi
n
g
ne
t
i
ncome ava
il
a
bl
e to common stoc
kh
o
ld
ers
f
or t
h
e per
i
o
dby
t
h
e
dil
ute
d
we
igh
te
d
avera
g
e common s
h
ares
o
utstan
di
n
gd
ur
i
n
g
t
h
e per
i
o
d
.D
il
ute
d
earn
i
n
g
s per s
h
are re
fl
ects t
h
e potent
i
a
l dil
ut
i
on
f
rom common s
h
are
s
i
ssua
bl
et
h
rou
gh
stoc
k
opt
i
ons, warrants, restr
i
cte
d
stoc
k
un
i
ts an
d
ot
h
er equ
i
t
y
awar
d
s. Re
f
er to Note 11
f
or
f
urt
h
er
di
scuss
i
on o
f
earn
i
n
g
s per s
h
are.
S
tock-Based Com
p
ensatio
n
T
h
e Compan
y
accounts
f
or stoc
k
-
b
ase
d
compensat
i
on
i
n accor
d
ance w
i
t
h
account
i
n
gg
u
id
ance t
h
at requ
i
res
a
ll
stoc
k
-
b
ase
d
compensat
i
on awar
d
s
g
rante
d
to emp
l
o
y
ees an
ddi
rectors to
b
e measure
d
at
f
a
i
rva
l
ue an
d
r
eco
g
n
i
ze
d
as an expense
i
nt
h
e
fi
nanc
i
a
l
statements. In a
ddi
t
i
on, t
hi
s
g
u
id
ance requ
i
res t
h
at excess tax
b
ene
fi
ts
r
e
l
ate
d
to stoc
k
-
b
ase
d
compensat
i
on awar
d
s
b
ere
fl
ecte
d
as
fi
nanc
i
n
g
cas
hfl
ows
.
T
h
e Compan
y
uses t
h
eB
l
ac
k
-Sc
h
o
l
es opt
i
on-pr
i
c
i
n
g
mo
d
e
l
to est
i
mate t
h
e
f
a
i
r mar
k
et va
l
ue o
f
stoc
k
-
b
ase
d
compensat
i
on awar
d
s. T
h
e Compan
y
uses t
h
e“s
i
mp
lifi
e
d
met
h
o
d
” to est
i
mate t
h
e expecte
d lif
eo
f
opt
i
ons, a
s
p
erm
i
tte
dby
account
i
n
gg
u
id
ance. T
h
e“s
i
mp
lifi
e
d
met
h
o
d
”ca
l
cu
l
ates t
h
e expecte
d lif
eo
f
a stoc
k
opt
i
on equa
l
to t
h
et
i
me
f
rom
g
rant to t
h
em
id
po
i
nt
b
etween t
h
e vest
i
n
gd
ate an
d
contractua
l
term, ta
ki
n
gi
nto account a
ll
vest
i
n
g
tranc
h
es. T
h
er
i
s
kf
ree
i
nterest rate
i
s
b
ase
d
on t
h
e
yi
e
ld f
or t
h
e U.S. Treasur
y bill
w
i
t
h
a matur
i
t
y
equa
l
to t
h
e expecte
d lif
eo
f
t
h
e stoc
k
opt
i
on. Expecte
d
vo
l
at
ili
t
yi
s
b
ase
d
on t
h
e Compan
y
’s
hi
stor
i
ca
l
avera
g
e
.
Compensat
i
on expense
i
s reco
g
n
i
ze
d
net o
ff
or
f
e
i
tures on a stra
igh
t-
li
ne
b
as
i
s over t
h
e tota
l
vest
i
n
g
per
i
o
d
,w
hi
c
h
i
st
h
e
i
mp
li
e
d
requ
i
s
i
te serv
i
ce per
i
o
d
. Compensat
i
on expense
f
or per
f
ormance-
b
ase
d
awar
d
s
i
s recor
d
e
d
over t
h
e
i
mp
li
e
d
requ
i
s
i
te serv
i
ce per
i
o
d
w
h
en ac
hi
evement o
f
t
h
e per
f
ormance tar
g
et
i
s
d
eeme
d
pro
b
a
bl
e. T
h
e
f
or
f
e
i
tur
e
r
ate
i
s est
i
mate
d
at t
h
e
d
ate o
fg
rant
b
ase
d
on
hi
stor
i
ca
l
rates
.
59