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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 49,801 $ 37,635
Accounts receivable, net 115,607 109,848
Inventories 208,883 207,229
Deferred taxes, net 0 5,081
Income taxes receivable 487 928
Other current assets 16,709 23,312
Total current assets 391,487 384,033
Property, plant and equipment, net 55,808 58,093
Intangible assets, net 88,782 88,833
Goodwill 26,500 27,821
Deferred taxes, net 6,962 2,346
Investment in golf-related ventures (Note 7) 53,315 50,677
Other assets 8,370 13,008
Total assets 631,224 624,811
Current liabilities:    
Accounts payable and accrued expenses 122,620 123,251
Accrued employee compensation and benefits 33,518 37,386
Asset-based credit facility 14,969 15,235
Accrued warranty expense 5,706 5,607
Income taxes payable 1,823 2,623
Deferred taxes, net 0 26
Total current liabilities 178,636 184,128
Long-term liabilities:    
Income tax liability 3,476 3,867
Deferred taxes, net 35,093 35,043
Convertible notes, net (Note 3)   108,574
Long-term other $ 1,074 $ 1,665
Commitments & contingencies (Note 10)
Shareholders' equity:    
Preferred stock, $.01 par value, 3,000,000 shares authorized, 0 shares issued and outstanding at both December 31, 2015 and 2014. $ 0 $ 0
Common stock, $.01 par value, 240,000,000 shares authorized, 93,769,199 shares and 78,373,598 shares issued at December 31, 2015 and 2014, respectively 938 784
Additional paid-in capital 322,793 210,057
Retained earnings 101,047 89,932
Accumulated other comprehensive income (11,813) (796)
Less: Common stock held in treasury, at cost, 2,075 shares and 779,681 shares at December 31, 2015 and 2014, respectively (20) (8,443)
Total Callaway Golf Company shareholders' equity 412,945 291,534
Total liabilities and shareholders' equity $ 631,224 $ 624,811