XML 36 R26.htm IDEA: XBRL DOCUMENT
v3.20.2

Segment Information | 9 Months Ended
--- | ---
Sep. 30, 2020
Segment Reporting [Abstract] |
Segment Information | Note 19. Segment Information The Company has two reportable operating segments: Golf Equipment operating segment and Apparel, Gear and Other operating segment. The Golf Equipment operating segment, which is comprised of golf club and golf ball products, includes Callaway Golf branded woods, hybrids, irons, wedges, Odyssey putters, including Toulon Design putters by Odyssey, packaged sets, Callaway Golf and Strata branded golf balls and sales of pre-owned golf clubs. The Apparel, Gear and Other operating segment includes Jack Wolfskin outdoor apparel, gear and accessories, TravisMathew golf and lifestyle apparel and accessories, and Callaway and Ogio soft goods, which consist of golf apparel and accessories (including golf bags and gloves), storage gear for sport and personal use, and royalties from licensing of the Company’s trademarks and service marks for various soft goods products. There are no significant intersegment transactions during the three and nine months ended September 30, 2020. 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
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration