XML 52 R42.htm IDEA: XBRL DOCUMENT
v3.20.2

Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2020
Segment Reporting [Abstract] |
Operating Segments | The tables below contains information utilized by management to evaluate its operating segments for the interim periods presented (in thousands).
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Net sales: |  |  |  |  |  |  |
Golf Equipment | $ | 267,277 |  |  | $ | 210,502 |  |  | $ | 768,881 |  |  | $ | 826,474 |
Apparel, Gear and Other | 208,282 |  |  | 215,715 |  |  | 445,950 |  |  | 562,648 |
| $ | 475,559 |  |  | $ | 426,217 |  |  | $ | 1,214,831 |  |  | $ | 1,389,122 |
Income (loss) before income taxes: |  |  |  |  |  |  |
Golf Equipment | $ | 56,784 |  |  | $ | 23,124 |  |  | $ | 144,585 |  |  | $ | 148,782 |
Apparel, Gear and Other | 25,909 |  |  | 34,877 |  |  | 10,399 |  |  | 68,909 |
Reconciling items(1) | (24,901 | ) |  | (24,825 | ) |  | (234,762 | ) |  | (90,352 | )
| $ | 57,792 |  |  | $ | 33,176 |  |  | $ | (79,778 | ) |  | $ | 127,339 |
Additions to long-lived assets:(2) |  |  |  |  |  |  |
Golf Equipment | $ | 1,616 |  |  | $ | 7,648 |  |  | $ | 21,356 |  |  | $ | 20,989 |
Apparel, Gear and Other | 3,508 |  |  | 6,783 |  |  | 16,774 |  |  | 15,465 |
| $ | 5,124 |  |  | $ | 14,431 |  |  | $ | 38,130 |  |  | $ | 36,454 |
(1) | Reconciling items represent the deduction of corporate general and administration expenses and other income (expenses), which are not utilized by management in determining segment profitability. The increase in reconciling items for the nine months ended September 30, 2020 compared to September 30, 2019 was primarily due to the recognition of a $174,269,000 impairment loss related to the Jack Wolfskin trade name and goodwill (see Note 9) and a $4,198,000 increase in interest expense. These increases were partially offset by a $26,028,000 increase in other income primarily due to foreign currency and hedging contract gains, combined with $10,703,000 of amortization expense recognized in 2019 related to the inventory valuation step-up from Jack Wolfskin acquisition.
(2) | Additions to long-lived assets are comprised of purchases of property, plant and equipment.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration