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Goodwill and Identifiable Intangible Assets, Net

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Identifiable Intangible Assets, Net

Goodwill and Identifiable Intangible Assets, Net

Goodwill allocated to the Company's reportable segments and changes in the carrying amount of goodwill were as follows:

(in thousands)			Titleist Golf Equipment						FootJoy Golf Wear						Golf Gear						Other						Total
December 31, 2023			$	198,065					$	3,531					$	13,418					$	10,288					$	225,302
Foreign currency translation			(4,506)						(66)						(358)						(236)						(5,166)
December 31, 2024			193,559						3,465						13,060						10,052						220,136
Foreign currency translation			3,565						52						283						222						4,122
December 31, 2025			$	197,124					$	3,517					$	13,343					$	10,274					$	224,258

There were no impairment losses recorded to goodwill during the years ended December 31, 2025, 2024 and 2023. As of December 31, 2025, 2024 and 2023, the cumulative balance of goodwill impairment recorded was $3.8 million, all of which was included in the carrying amount of the goodwill allocated to Other.

The net carrying value by class of identifiable intangible assets was as follows:

									December 31, 2025																		December 31, 2024
(in thousands)						Gross						Accumulated Amortization						Net Carrying Value						Gross						Accumulated Amortization						Net Carrying Value
Indefinite-lived:
Trademarks									$	429,051					$	—					$	429,051					$	429,051					$	—					$	429,051
Amortizing:
Trademarks									96,512						(21,858)						74,654						96,512						(15,346)						81,166
Completed technology									76,943						(75,377)						1,566						76,943						(72,223)						4,720
Customer relationships									28,248						(22,089)						6,159						27,403						(19,209)						8,194
Licensing fees and other									32,576						(32,576)						—						32,483						(32,483)						—
Total intangible assets									$	663,330					$	(151,900)					$	511,430					$	662,392					$	(139,261)					$	523,131

In January 2023, the Company acquired certain trademarks from West Coast Trends, Inc., an industry leader specializing in Club Glove premium performance golf travel products, for $25.2 million. The trademarks acquired were included in the Company's Golf gear reportable segment and will be amortized over a weighted average life of 10 years.

Identifiable intangible asset amortization expense was $11.9 million, $14.0 million and $14.2 million for the years ended December 31, 2025, 2024 and 2023, respectively.

There were no impairment losses recorded to indefinite-lived intangible assets during the years ended December 31, 2025, 2024 and 2023.

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,
2026			$	8,449
2027			7,605
2028			6,978
2029			6,962
2030			6,962
Thereafter			45,423
Total			$	82,379

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- References

No definition available.

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- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-30/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-20/tableOfContent

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