Under Armour trimmed its 2016 outlook after one of its major customers, The Sports Authority, faced bankruptcy as it has been burdened with more than $1 billion of debt. For the second quarter, Under Armour expects impairment charge of nearly $23 million related to The Sports Authority. Previously, the company had estimated sales of $163 million from the sports retailer for 2016. However, now that it has filed for bankruptcy,