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CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 78,939 $ 63,981
Accounts receivable, net 285,848 71,374
Inventories 382,298 338,057
Income taxes receivable 8,842 713
Other current assets 67,385 50,781
Total current assets 823,312 524,906
Property, plant and equipment, net 116,523 88,472
ROU assets, net 129,526 0
Intangible assets, net 497,191 224,692
Goodwill 209,887 55,816
Deferred taxes, net 72,545 75,079
Investment in golf-related venture 72,238 72,238
Other assets 12,500 11,741
Total assets 1,933,722 1,052,944
Current liabilities:    
Accounts payable and accrued expenses 212,706 208,653
Accrued employee compensation and benefits 34,342 43,172
Asset-based credit facilities 214,482 40,300
Accrued warranty expense 10,783 7,610
Lease liabilities, short-term 30,185 0
Equipment note, short-term 4,632 2,411
Income taxes payable 11,108 1,091
Total current liabilities 518,238 303,237
Lease liabilities, long-term 102,391 0
Long-term liabilities:    
Income tax liability 4,413 4,430
Deferred taxes, net 84,662 1,796
Long-term other 6,928 1,955
Equipment note, long-term 465,756 7,218
Commitments and contingencies (Note 13)
Shareholders’ equity:    
Preferred stock, $0.01 par value, 3,000,000 shares authorized, none issued and outstanding at March 31, 2019 and December 31, 2018 0 0
Common stock, $0.01 par value, 240,000,000 shares authorized, 95,648,648 shares issued at both March 31, 2019 and December 31, 2018, respectively 956 956
Additional paid-in capital 326,209 341,241
Retained earnings 461,456 413,799
Accumulated other comprehensive loss (20,172) (13,700)
Less: Common stock held in treasury, at cost, 1,603,870 and 1,137,470 shares at March 31, 2019 and December 31, 2018, respectively (26,595) (17,722)
Total Callaway Golf Company shareholders’ equity 741,854 724,574
Non-controlling interest in consolidated entity (Note 9) 9,480 9,734
Total shareholders’ equity 751,334 734,308
Total liabilities and shareholders’ equity $ 1,933,722 $ 1,052,944