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Segment Information
 9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company’s operating segments are based on how the Chief Operating Decision Maker (“CODM”) makes decisions about assessing performance and allocating resources. The Company has four reportable segments that are organized on the basis of product categories. These segments include Titleist golf balls, Titleist golf clubs, Titleist golf gear and FootJoy golf wear.
The CODM primarily evaluates performance using segment operating income (loss). Segment operating income (loss) includes directly attributable expenses and certain shared costs of corporate administration that are allocated to the reportable segments, but excludes interest expense, net, restructuring charges, the non-service cost component of net periodic benefit cost, transaction fees and other non-operating gains and losses as the Company does not allocate these to the reportable segments. The CODM does not evaluate a measure of assets when assessing performance.
Results shown for the three and nine months ended September 30, 2021 and 2020 are not necessarily those which would be achieved if each segment was an unaffiliated business enterprise. There are no intersegment transactions.
Information by reportable segment and a reconciliation to reported amounts are as follows:
Three months ended September 30,Nine months ended September 30,
(in thousands)2021202020212020
Net sales  
Titleist golf balls$167,204 $170,121 $543,106 $388,499 
Titleist golf clubs135,605 120,818 444,253 286,428 
Titleist golf gear46,618 44,274 164,713 120,168 
FootJoy golf wear137,908 116,010 461,978 314,733 
Other34,294 31,709 113,314 81,847 
Total net sales$521,629 $482,932 $1,727,364 $1,191,675 
Segment operating income  
Titleist golf balls$31,977 $47,697 $106,788 $60,988 
Titleist golf clubs13,482 19,199 84,660 21,341 
Titleist golf gear559 7,216 22,686 20,740 
FootJoy golf wear4,446 6,464 53,574 18,906 
Other3,234 4,969 16,253 8,716 
Total segment operating income53,698 85,545 283,961 130,691 
Reconciling items:  
Interest expense, net(1,147)(3,831)(6,611)(12,356)
Restructuring charges— (518)— (13,250)
Non-service cost component of net periodic benefit cost(958)(2,116)(3,874)(7,321)
Other(1,193)(893)(1,522)193 
Total income before income tax$50,400 $78,187 $271,954 $97,957 
Information as to the Company’s operations in different geographical areas is presented below. Net sales are categorized based on the location in which the sale originates.
Three months ended September 30,Nine months ended September 30,
(in thousands)2021202020212020
United States$282,649 $271,278 $906,608 $627,516 
EMEA (1)
68,930 65,442 246,879 174,239 
Japan47,919 42,282 149,884 101,980 
Korea75,783 61,455 251,834 177,793 
Rest of world46,348 42,475 172,159 110,147 
Total net sales$521,629 $482,932 $1,727,364 $1,191,675 
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(1) Europe, the Middle East and Africa ("EMEA")