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CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 70,821 $ 85,674
Accounts receivable, net 130,033 94,725
Inventories 237,472 262,486
Income taxes receivable 13,762 542
Other current assets 21,028 22,557
Total current assets 473,116 465,984
Property, plant and equipment, net 82,074 70,227
Intangible assets, net 224,958 225,758
Goodwill 56,106 56,429
Deferred taxes, net 65,045 91,398
Investment in golf-related venture 70,777 70,495
Other assets 10,625 10,866
Total assets 982,701 991,157
Current liabilities:    
Accounts payable and accrued expenses 142,661 176,127
Accrued employee compensation and benefits 38,425 40,173
Asset-based credit facilities 4,300 87,755
Accrued warranty expense 8,532 6,657
Equipment note, short-term 2,400 2,367
Income taxes payable 10,827 1,295
Total current liabilities 207,145 314,374
Long-term liabilities:    
Income tax liability 4,164 4,602
Deferred taxes, net 1,795 1,822
Long-term other 2,050 1,536
Equipment note, long-term 7,783 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 September 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 September 30, 2018 and December 31, 2017, respectively 956 950
Additional paid-in capital 337,902 335,222
Retained earnings 443,247 324,081
Accumulated other comprehensive loss (13,521) (6,166)
Less: Common stock held in treasury, at cost, 1,146,613 and 411,013 shares at September 30, 2018 and December 31, 2017, respectively (17,857) (4,456)
Total Callaway Golf Company shareholders’ equity 750,727 649,631
Non-controlling interest in consolidated entity (Note 8) 9,037 9,744
Total shareholders’ equity 759,764 659,375
Total liabilities and shareholders’ equity $ 982,701 $ 991,157