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Goodwill and Identifiable Intangible Assets, Net (Tables) | 12 Months Ended
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Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of goodwill allocated to the Company's reportable segments and changes in the carrying amount of goodwill | Goodwill allocated to the Company's reportable segments and changes in the carrying amount of goodwill were as follows:
(in thousands) | Titleist Golf Balls |  | Titleist Golf Clubs |  | Titleist Golf Gear |  | FootJoy Golf Wear |  | Other |  | Total
Balances at December 31, 2017 | $ | 119,634 |  |  | $ | 58,101 |  |  | $ | 14,088 |  |  | $ | 2,585 |  |  | $ | 8,995 |  |  | $ | 203,403 |
Acquisitions (Note 21) | 8,492 |  |  | — |  |  | — |  |  | 1,071 |  |  | — |  |  | 9,563 |
Foreign currency translation | (1,931 | ) |  | (949 | ) |  | (222 | ) |  | (43 | ) |  | (150 | ) |  | (3,295 | )
Balances at December 31, 2018 | 126,195 |  |  | 57,152 |  |  | 13,866 |  |  | 3,613 |  |  | 8,845 |  |  | 209,671 |
Acquisitions (Note 21) | — |  |  | — |  |  | — |  |  | — |  |  | 4,749 |  |  | 4,749 |
Foreign currency translation | (214 | ) |  | (104 | ) |  | (25 | ) |  | (5 | ) |  | (16 | ) |  | (364 | )
Balances at December 31, 2019 | $ | 125,981 |  |  | $ | 57,048 |  |  | $ | 13,841 |  |  | $ | 3,608 |  |  | $ | 13,578 |  |  | $ | 214,056 |
Schedule of net carrying value by class of identifiable intangible assets | The net carrying value by class of identifiable intangible assets was as follows:
|  | December 31, 2019 |  | December 31, 2018
(in thousands) |  | Gross |  | Accumulated Amortization |  | Net Book Value |  | Gross |  | Accumulated Amortization |  | Net Book Value
Indefinite-lived: |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  | $ | 429,051 |  |  | $ | — |  |  | $ | 429,051 |  |  | $ | 429,051 |  |  | $ | — |  |  | $ | 429,051 |
Amortizing: |  |  |  |  |  |  |  |  |  |  |  |
Trademarks |  | 5,503 |  |  | (492 | ) |  | 5,011 |  |  | 1,600 |  |  | (50 | ) |  | 1,550 |
Completed technology |  | 74,715 |  |  | (46,370 | ) |  | 28,345 |  |  | 73,900 |  |  | (41,017 | ) |  | 32,883 |
Customer relationships |  | 27,127 |  |  | (8,923 | ) |  | 18,204 |  |  | 22,023 |  |  | (7,250 | ) |  | 14,773 |
Licensing fees and other |  | 32,666 |  |  | (32,483 | ) |  | 183 |  |  | 32,384 |  |  | (32,384 | ) |  | — |
Total intangible assets |  | $ | 569,062 |  |  | $ | (88,268 | ) |  | $ | 480,794 |  |  | $ | 558,958 |  |  | $ | (80,701 | ) |  | $ | 478,257 |
Schedule of amortization expense related to identifiable intangible assets | Identifiable intangible asset amortization expense for each of the next five fiscal years and beyond is expected to be as follows:
(in thousands) |
Year ending December 31, |
2020 | $ | 7,835 |
2021 | 7,835 |
2022 | 7,835 |
2023 | 7,835 |
2024 | 7,815 |
Thereafter | 12,588 |
Total | $ | 51,743 |

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- Definition Tabular disclosure of amortizable finite-lived intangible assets, in total and by major class, including the gross carrying amount and accumulated amortization, and indefinite-lived intangible assets not subject to amortization, excluding goodwill, in total and by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of a company. + References No definition available. + Details
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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13854-109267 + Details
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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
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