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Fair Value of Financial Instruments (Tables) | 12 Months Ended
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Dec. 31, 2020
Fair Value Disclosures [Abstract] |
Valuation of Foreign Currency Exchange Contracts by Pricing Levels | The following table summarizes the valuation of the Company’s foreign currency forward contracts, cross-currency debt swap contracts and interest rate hedge contracts (see Note 19) that are measured at fair value on a recurring basis as of December 31, 2020 and 2019 (in thousands):
| Fair Value |  | Level 1 |  | Level 2 |  | Level 3
2020 |  |  |  |  |  |  |
Foreign currency forward contracts — asset position | $ | 90 |  |  | $ | — |  |  | $ | 90 |  |  | $ | — |
Foreign currency forward contracts — liability position | (1,553) |  |  | — |  |  | (1,553) |  |  | — |
Interest rate hedge contracts — liability position | (17,922) |  |  | — |  |  | (17,922) |  |  | — |
| $ | (19,385) |  |  | $ | — |  |  | $ | (19,385) |  |  | $ | — |
2019 |  |  |  |  |  |  |
Foreign currency forward contracts — asset position | $ | 61 |  |  | $ | — |  |  | $ | 61 |  |  | $ | — |
Foreign currency forward contracts — liability position | (766) |  |  | — |  |  | (766) |  |  | — |
Cross-currency debt swap contracts — asset position | 6,163 |  |  | — |  |  | 6,163 |  |  | — |
Cross-currency debt swap contracts — liability position | (25) |  |  | — |  |  | (25) |  |  | — |
Interest rate hedge contracts — liability position | (8,894) |  |  | — |  |  | (8,894) |  |  | — |
| $ | (3,461) |  |  | $ | — |  |  | $ | (3,461) |  |  | $ | — |
Fair Value, by Balance Sheet Grouping | The table below illustrates information about fair value relating to the Company’s financial assets and liabilities that are recognized in the accompanying consolidated balance sheets as of December 31, 2020 and 2019 (in thousands).
| December 31, 2020 |  | December 31, 2019
| Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Term Loan Facility(1) | $ | 441,600 |  |  | $ | 443,243 |  |  | $ | 446,400 |  |  | $ | 450,864 |
2020 Japan Term Loan Facility(2) | $ | 18,390 |  |  | $ | 16,083 |  |  | $ | — |  |  | $ | — |
Convertible Notes(3) | $ | 258,750 |  |  | $ | 414,191 |  |  | $ | — |  |  | $ | — |
U.S. Asset-Based Revolving Credit Facility(4) | $ | 22,130 |  |  | $ | 22,130 |  |  | $ | 114,480 |  |  | $ | 114,480 |
Japan ABL Facility(4) | $ | — |  |  | $ | — |  |  | $ | 30,100 |  |  | $ | 30,100 |
Equipment Notes(5) | $ | 31,822 |  |  | $ | 29,385 |  |  | $ | 19,715 |  |  | $ | 19,715 |
(1)In January 2019, the Company entered into the Term Loan Facility. The fair value of this debt is based on quoted prices for similar instruments in active markets combined with quantitative pricing models, and is therefore categorized within Level 2 of the fair value hierarchy. See Note 7 for further information. (2)In August 2020, the Company entered into the 2020 Japan Term Loan Facility. The fair value is categorized within Level 2 of the fair value hierarchy. The Company used discounted cash flows and market-based expectations for interest rates, credit risk, and the contractual terms of the debt to derive the fair value. See Note 7 for further information. (3)In May 2020, the Company issued $258,750,000 of 2.75% Convertible Notes due in 2026. The fair value of this debt is based on quoted prices for similar instruments in active markets combined with quantitative pricing models, and is therefore categorized within Level 2 of the fair value hierarchy. See Note 7 for further information. (4)The carrying value of the amounts outstanding under the Company's ABL Facility and Japan ABL Facility approximates the fair value due to the short-term nature of these obligations. The fair value of this debt is categorized within Level 2 of the fair value hierarchy based on the observable market borrowing rates. See Note 7 for information on the Company's credit facilities, including certain risks and uncertainties related thereto. (5)The Company entered into equipment notes in 2017, 2019 and 2020 that are secured by certain equipment at the Company's golf ball manufacturing facility. The fair value of this debt is categorized within Level 2 of the fair value hierarchy. The Company used discounted cash flows and market-based expectations for interest rates, credit risk, and the contractual terms of the debt to derive the fair value. See Note 7 for further information.

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=118260190&loc=d3e13467-108611 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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