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Joint Venture
12 Months Ended
Dec. 31, 2017
Noncontrolling Interest [Abstract]  
Joint Venture
Note 8. Joint Venture
Effective July 1, 2016, the Company completed the previously announced joint venture with its long-time apparel licensee, TSI Groove & Sports Co, Ltd., ("TSI"), a premier apparel manufacturer in Japan. The new venture is named Callaway Apparel K.K. and includes the design, manufacture and distribution of Callaway-branded apparel, footwear and headwear in Japan. The Company contributed $10,556,000, primarily in cash, for a 52% ownership of the joint venture, and TSI contributed $9,744,000, primarily in inventory, for the remaining 48%. The Company has a majority voting percentage on matters pertaining to the business operations and significant management decisions of the joint venture, and as such, the Company is required to consolidate the financial results of the joint venture with the financial results of the Company. The joint venture was consolidated one month in arrears.
As a result of the consolidation, during the years ended December 31, 2017 and 2016, the Company recorded net income attributable to the non-controlling interest of $861,000 and $1,054,000, respectively. During the year ended December 31, 2017, the joint venture paid a dividend of $974,000 to TSI, which was recorded as a reduction in non-controlling interests in the consolidated condensed financial statements as of December 31, 2017. Total non-controlling interests on the Company's consolidated balance sheet and consolidated statement of shareholders' equity was $9,744,000 and $9,694,000 at December 31, 2017 and 2016, respectively.