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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash, cash equivalents and restricted cash ($14,549 and $15,612 attributable to the variable interest entity ("VIE")) $ 114,402 $ 281,677
Accounts receivable, net 377,252 174,435
Inventories ($18,691 and $19,385 attributable to the VIE) 448,780 413,314
Prepaid and other assets 114,508 99,750
Total current assets 1,054,942 969,176
Property, plant and equipment, net ($10,339 and $10,466 attributable to the VIE) 230,006 231,761
Goodwill ($32,312 and $32,312 attributable to the VIE) 208,797 210,431
Intangible assets, net 463,267 465,341
Deferred income taxes 55,240 60,814
Other assets ($2,144 and $2,166 attributable to the VIE) 73,551 68,313
Total assets 2,085,803 2,005,836
Current liabilities    
Short-term debt 97,318 116
Current portion of long-term debt 17,500 17,500
Accounts payable ($13,670 and $13,275 attributable to the VIE) 187,642 163,607
Accrued taxes 72,819 57,307
Accrued compensation and benefits ($861 and $1,511 attributable to the VIE) 56,553 113,453
Accrued expenses and other liabilities ($3,726 and $4,677 attributable to the VIE) 104,072 131,041
Total current liabilities 535,904 483,024
Long-term debt 293,280 297,354
Deferred income taxes 4,986 4,950
Accrued pension and other postretirement benefits 93,821 93,705
Other noncurrent liabilities ($2,222 and $2,218 attributable to the VIE) 45,887 43,237
Total liabilities 973,878 922,270
Commitments and contingencies (Note 15)
Redeemable noncontrolling interest 3,229 3,299
Shareholders' equity    
Common stock, $0.001 par value, 500,000,000 shares authorized; 76,289,077 and 75,855,036 shares issued 76 76
Additional paid-in capital 943,239 948,423
Accumulated other comprehensive loss, net of tax (104,527) (99,582)
Retained earnings 392,538 324,966
Treasury stock, at cost; 3,940,522 and 3,314,562 shares (including 537,839 of accrued share repurchases as of December 31, 2021) (Note 10) (160,933) (131,039)
Total equity attributable to Acushnet Holdings Corp. 1,070,393 1,042,844
Noncontrolling interests 38,303 37,423
Total shareholders' equity 1,108,696 1,080,267
Total liabilities, redeemable noncontrolling interest and shareholders' equity $ 2,085,803 $ 2,005,836