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Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2015
Segment Reporting [Abstract] |
Segment Information | Note 18. Segment Information The Company has two operating segments that are organized on the basis of products, namely the golf clubs segment and golf balls segment. The golf clubs segment consists of Callaway Golf woods, hybrids, irons and wedges and Odyssey putters. This segment also includes golf apparel and footwear, golf bags, golf gloves, travel gear, headwear and other golf-related accessories, in addition to royalties from licensing of the Company’s trademarks and service marks and sales of pre-owned golf clubs. The golf balls segment consists of Callaway Golf and Strata balls that are designed, manufactured and sold by the Company. There are no significant intersegment transactions. The table below contains information utilized by management to evaluate its operating segments.
| Years Ended December 31,
| 2015 |  | 2014 |  | 2013
| (In thousands)
Net sales: |  |  |  |  |
Golf Clubs | $ | 700,649 |  |  | $ | 749,956 |  |  | $ | 711,697 |
Golf Balls | 143,145 |  |  | 136,989 |  |  | 131,104 |
| $ | 843,794 |  |  | $ | 886,945 |  |  | $ | 842,801 |
Income (loss) before income tax: |  |  |  |  |
Golf Clubs(1) | $ | 52,999 |  |  | $ | 50,891 |  |  | $ | 32,738 |
Golf Balls(1) | 17,724 |  |  | 15,222 |  |  | (3,472 | )
Reconciling items(2) | (50,660 | ) |  | (44,474 | ) |  | (42,588 | )
| $ | 20,063 |  |  | $ | 21,639 |  |  | $ | (13,322 | )
Identifiable assets:(3) |  |  |  |  |
Golf Clubs | $ | 316,079 |  |  | $ | 316,710 |  |  | $ | 374,473 |
Golf Balls | 37,394 |  |  | 37,445 |  |  | 49,261 |
Reconciling items(3) | 277,751 |  |  | 270,656 |  |  | 240,129 |
| $ | 631,224 |  |  | $ | 624,811 |  |  | $ | 663,863 |
Additions to long-lived assets: |  |  |  |  |
Golf Clubs | $ | 14,111 |  |  | $ | 9,425 |  |  | $ | 13,250 |
Golf Balls | 2,154 |  |  | 327 |  |  | 1,163 |
| $ | 16,265 |  |  | $ | 9,752 |  |  | $ | 14,413 |
Goodwill: |  |  |  |  |
Golf Clubs | $ | 26,500 |  |  | $ | 27,821 |  |  | $ | 29,212 |
Golf Balls | — |  |  | — |  |  | — |
| $ | 26,500 |  |  | $ | 27,821 |  |  | $ | 29,212 |
Depreciation and amortization: |  |  |  |  |
Golf Clubs | $ | 13,084 |  |  | $ | 18,505 |  |  | $ | 21,019 |
Golf Balls | 4,295 |  |  | 2,731 |  |  | 4,524 |
| $ | 17,379 |  |  | $ | 21,236 |  |  | $ | 25,543 |
(1) | The tables below includes total charges absorbed by the Company’s operating segments from the Cost Reduction Initiatives discussed in Note 17 (in thousands):
| Year Ended December 31, 2013
| Golf Clubs |  | Golf Balls |  | Corporate G&A |  | Total
Cost Reduction Initiatives | $ | 6,395 |  |  | $ | 6,973 |  |  |  | $ | 3,188 |  |  | $ | 16,556 |
(2) | Reconciling items represent the deduction of corporate general and administration expenses and other income (expenses), which are not utilized by management in determining segment profitability. The $6,186,000 increase in reconciling items in 2015 compared to 2014 includes increases in employee costs and professional fees, partially offset by a decrease in legal expenses combined with an increase in net foreign currency gains.
(3) | Identifiable assets are comprised of net inventory, certain property, plant and equipment, intangible assets and goodwill. Reconciling items represent unallocated corporate assets not segregated between the two segments.
The Company’s net sales by product category are as follows:
| Years Ended December 31,
| 2015 |  | 2014 |  | 2013
| (In thousands)
Net sales: |  |  |  |  |
Woods | $ | 222,193 |  |  | $ | 269,468 |  |  | $ | 249,809 |
Irons | 205,522 |  |  | 200,174 |  |  | 178,771 |
Putters | 86,293 |  |  | 81,161 |  |  | 87,787 |
Golf Balls | 143,145 |  |  | 136,989 |  |  | 131,104 |
Accessories and Other | 186,641 |  |  | 199,153 |  |  | 195,330 |
| $ | 843,794 |  |  | $ | 886,945 |  |  | $ | 842,801 |
The Company markets its products in the United States and internationally, with its principal international markets being Japan and Europe. The tables below contain information about the geographical areas in which the Company operates. Revenues are attributed to the location to which the product was shipped. Long-lived assets are based on location of domicile.
| Sales |  | Long-Lived Assets (excluding deferred tax assets)
| (In thousands)
2015 |  |  |
United States | $ | 446,474 |  |  | $ | 205,952 |
Europe | 125,116 |  |  | 8,414 |
Japan | 138,031 |  |  | 4,445 |
Rest of Asia | 70,315 |  |  | 2,868 |
Other foreign countries | 63,858 |  |  | 11,096 |
| $ | 843,794 |  |  | $ | 232,775 |
2014 |  |  |
United States | $ | 421,773 |  |  | $ | 210,152 |
Europe | 134,401 |  |  | 7,070 |
Japan | 166,162 |  |  | 4,873 |
Rest of Asia | 89,603 |  |  | 2,936 |
Other foreign countries | 75,006 |  |  | 13,402 |
| $ | 886,945 |  |  | $ | 238,433 |
2013 |  |  |
United States | $ | 401,478 |  |  | $ | 206,111 |
Europe | 121,477 |  |  | 7,905 |
Japan | 161,598 |  |  | 6,491 |
Rest of Asia | 84,073 |  |  | 3,627 |
Other foreign countries | 74,175 |  |  | 15,827 |
| $ | 842,801 |  |  | $ | 239,961 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 + Details
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