Retrieve the 2016 Under Armour financial statements at www.sec.gov by clicking on Filings and then searching for “Under Armour” under Company Filings. When you see the list of filings for the company, select the Form 10-K for 2016. Be sure to retrieve the 2016 financial statements, not another year. In particular, this case uses Under Armour, Inc.’s, Consolidated Balance Sheets and Consolidated Statements of Stockholders’ Equity for the year 2016.

Requirements

1. As of the end of December 31, 2016, how many shares of common stock does Under Armour, Inc., have authorized? Issued? Outstanding?

2. Refer to Note 7—Stockholders’ Equity and the Consolidated Statement of Stockholders’ Equity for the year 2016. What is the difference between Under Armour’s Class A Common Stock and Class B Convertible Common Stock? Are there any restrictions on who can own Class B stock?

3. Did Under Armour, Inc., issue any new shares of Class A Common Stock during 2016? How can you tell? (Challenge)

4. Prepare a T-account to show the beginning and ending balances plus all the activity in Retained Earnings for 2016.