XML 72 R61.htm IDEA: XBRL DOCUMENT v3.25.3
Segment Information - Reconciliation (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
USD ($)
segment
Sep. 30, 2024
USD ($)
segment
Sep. 30, 2025
USD ($)
segment
Sep. 30, 2024
USD ($)
segment
Segment Reporting [Abstract]        
Number of reportable segments | segment     3  
Segment Reporting Information [Line Items]        
Net sales $ 657,658 $ 620,501 $ 2,081,506 $ 2,011,922
Segment expenses:        
Cost of goods sold 338,535 316,287 1,070,905 1,031,896
Research and development 18,605 18,923 56,397 51,516
Selling, general and administrative 204,936 199,721 627,203 608,516
Income from operations 92,927 82,067 317,342 309,471
Reconciling items:        
Interest expense, net (14,516) (13,187) (43,529) (40,367)
Income before income taxes $ 76,653 $ 68,473 $ 290,930 $ 267,815
Number of non-reportable segments | segment 2 2 2 2
Deconsolidation of VIE (Note 1)     $ 20,887 $ 0
VIE        
Reconciling items:        
Deconsolidation of VIE (Note 1)     20,900  
Operating Segments        
Segment Reporting Information [Line Items]        
Net sales $ 625,278 $ 589,178 1,979,193 1,912,742
Segment expenses:        
Cost of goods sold 323,682 301,137 1,026,928 987,931
Advertising and promotion 61,438 57,238 192,396 180,785
Research and development 18,145 18,528 54,971 50,237
Selling, general and administrative 123,893 123,292 371,682 362,238
Other segment items 2,334 3,155 8,640 9,463
Income from operations 95,786 85,828 324,576 322,088
Other        
Segment Reporting Information [Line Items]        
Net sales 32,380 31,323 102,313 99,180
Segment expenses:        
Restructuring costs 2,823 432 9,642 7,525
Other expenses 32,416 34,652 99,905 104,272
Income from operations (2,859) (3,761) (7,234) (12,617)
Reconciling Items        
Reconciling items:        
Interest expense, net (14,516) (13,187) (43,529) (40,367)
Non-service cost component of net periodic benefit cost (2,418) (875) (4,032) (2,438)
Other 660 468 21,149 1,149
Titleist Golf Equipment | Operating Segments        
Segment Reporting Information [Line Items]        
Net sales 427,600 404,467 1,302,489 1,241,328
Segment expenses:        
Cost of goods sold 202,250 185,926 629,695 580,992
Advertising and promotion 46,986 43,085 143,207 130,744
Research and development 16,364 16,799 49,354 45,349
Selling, general and administrative 76,673 75,126 228,264 217,888
Other segment items 1,628 2,451 6,527 7,351
Income from operations 83,699 81,080 245,442 259,004
FootJoy Golf Wear | Operating Segments        
Segment Reporting Information [Line Items]        
Net sales 136,491 131,152 467,902 477,236
Segment expenses:        
Cost of goods sold 83,853 82,204 276,977 289,003
Advertising and promotion 11,075 10,753 38,510 40,009
Research and development 1,096 1,172 3,518 3,262
Selling, general and administrative 35,515 36,319 107,731 109,429
Other segment items 57 55 167 166
Income from operations 4,895 649 40,999 35,367
Golf Gear | Operating Segments        
Segment Reporting Information [Line Items]        
Net sales 61,187 53,559 208,802 194,178
Segment expenses:        
Cost of goods sold 37,579 33,007 120,256 117,936
Advertising and promotion 3,377 3,400 10,679 10,032
Research and development 685 557 2,099 1,626
Selling, general and administrative 11,705 11,847 35,687 34,921
Other segment items 649 649 1,946 1,946
Income from operations $ 7,192 $ 4,099 $ 38,135 $ 27,717