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Segment Information
 3 Months Ended
Mar. 31, 2023
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 months ended March 31, 2023 and 2022 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 March 31,
(in thousands)20232022
Net sales  
Titleist golf balls$192,001 $163,838 
Titleist golf clubs180,781 160,815 
Titleist golf gear67,043 44,146 
FootJoy golf wear205,274 197,553 
Other41,191 39,735 
Total net sales$686,290 $606,087 
Segment operating income  
Titleist golf balls$38,621 $33,373 
Titleist golf clubs40,545 32,228 
Titleist golf gear12,190 2,194 
FootJoy golf wear30,801 31,315 
Other6,564 7,427 
Total segment operating income128,721 106,537 
Reconciling items:  
Interest expense, net(9,896)(1,277)
Non-service cost component of net periodic benefit cost(985)(1,265)
Other(3,496)(1,229)
Total income before income tax$114,344 $102,766 
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 March 31,
(in thousands)20232022
United States$369,931 $295,126 
EMEA (1)
104,760 112,357 
Japan46,375 45,795 
Korea88,984 85,717 
Rest of World76,240 67,092 
Total net sales$686,290 $606,087 
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(1) Europe, the Middle East and Africa ("EMEA")