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CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 57,748 $ 85,674
Accounts receivable, net 242,023 94,725
Inventories 237,068 262,486
Income taxes receivable 11,033 542
Other current assets 21,927 22,557
Total current assets 569,799 465,984
Property, plant and equipment, net 77,604 70,227
Intangible assets, net 225,224 225,758
Goodwill 56,055 56,429
Deferred taxes, net 65,538 91,398
Investment in golf-related venture 70,777 70,495
Other assets 10,425 10,866
Total assets 1,075,422 991,157
Current liabilities:    
Accounts payable and accrued expenses 162,217 176,127
Accrued employee compensation and benefits 30,754 40,173
Asset-based credit facilities 96,140 87,755
Accrued warranty expense 8,035 6,657
Long-term Debt, Current Maturities 2,389 2,367
Income taxes payable 9,792 1,295
Total current liabilities 309,327 314,374
Long-term liabilities:    
Income tax liability 4,118 4,602
Deferred taxes, net 1,807 1,822
Long-term other 2,091 1,536
Long-term Debt, Excluding Current Maturities 8,343 9,448
Commitments and contingencies (Note 12)
Shareholders’ equity:    
Preferred stock, $0.01 par value, 3,000,000 shares authorized, none issued and outstanding at June 30, 2018 and December 31, 2017 0 0
Common stock, $0.01 par value, 240,000,000 shares authorized, 95,648,648 and 95,042,557 shares issued at June 30, 2018 and December 31, 2017, respectively 956 950
Additional paid-in capital 335,025 335,222
Retained earnings 434,674 324,081
Accumulated other comprehensive loss (11,176) (6,166)
Less: Common stock held in treasury, at cost, 1,208,711 and 411,013 shares at June 30, 2018 and December 31, 2017, respectively (18,797) (4,456)
Total Callaway Golf Company shareholders’ equity 740,682 649,631
Non-controlling interest in consolidated entity (Note 8) 9,054 9,744
Total shareholders’ equity 749,736 659,375
Total liabilities and shareholders’ equity $ 1,075,422 $ 991,157