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Goodwill and Identifiable Intangible Assets, Net (Tables)

12 Months Ended

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

X

- 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.

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- References

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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

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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

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