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Goodwill and Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | Changes in the carrying amount of goodwill by operating and reportable segment are as follows (in thousands):
|  | Golf Equipment |  | Apparel, Gear and Other |  |  |  | Topgolf |  | Total
Balance at December 31, 2020 |  | $ | 27,025 |  |  | $ | 29,633 |  |  |  |  |  |  | $ | — |  |  | $ | 56,658 |
Acquisitions |  | 504,568 |  |  | 58,652 |  |  |  |  |  |  | 1,412,361 |  |  | 1,975,581 |
Impairments |  | — |  |  | — |  |  |  |  |  |  | — |  |  | — |
Foreign currency translation |  | (182) |  |  | — |  |  |  |  |  |  | — |  |  | (182) |
Balance at March 31, 2021 |  | $ | 531,411 |  |  | $ | 88,285 |  |  |  |  |  |  | $ | 1,412,361 |  |  | $ | 2,032,057 |
Intangible Assets by Major Asset Class | The following sets forth the intangible assets by major asset class (dollars in thousands):
| Useful Life (Years) |  | March 31, 2021 |  |
| Gross(1) |  | Accumulated Amortization |  | Translation Adjustment |  | Net Book Value |  |  |  |  |  |  |  |
Indefinite-lived: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade name, trademark, trade dress and other | NA |  | $ | 1,441,003 |  |  |  | $ | — |  |  |  |  | $ | 9,088 |  |  |  | $ | 1,431,915 |  |  |  |  |  |  |  |  |  |  |  |  |
Liquor licenses | NA |  | 7,400 |  |  |  | — |  |  |  |  | — |  |  |  | 7,400 |  |  |  |  |  |  |  |  |  |  |  |  |
Amortizing: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Patents | 2-16 |  | 32,041 |  |  |  | 31,590 |  |  |  |  | — |  |  |  | 451 |  |  |  |  |  |  |  |  |  |  |  |  |
Customer and distributor relationships and other | 1-10 |  | 61,377 |  |  |  | 21,233 |  |  |  |  | 1,345 |  |  |  | 38,799 |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology | 1-10 |  | 80,000 |  |  |  | 832 |  |  |  |  | (142) |  |  |  | 79,310 |  |  |  |  |  |  |  |  |  |  |  |  |
Total intangible assets |  |  | $ | 1,621,821 |  |  |  | $ | 53,655 |  |  |  |  | $ | 10,291 |  |  |  | $ | 1,557,875 |  |  |  |  |  |  |  |  |  |  |  |  |
| Useful Life (Years) |  | December 31, 2020
| Gross |  | Accumulated Amortization |  |  |  | Net Book Value
Indefinite-lived: |  |  |  |  |  |  |  |  |  |  |  |  |
Trade name, trademark, trade dress and other | NA |  | $ | 446,803 |  |  |  | $ | — |  |  |  |  |  |  |  | $ | 446,803 |
Amortizing: |  |  |  |  |  |  |  |  |  |  |  |  |
Patents | 2-16 |  | 31,581 |  |  |  | 31,581 |  |  |  |  |  |  |  | — |
Customer and distributor relationships and other | 1-10 |  | 57,309 |  |  |  | 19,773 |  |  |  |  |  |  |  | 37,536 |
Total intangible assets |  |  | $ | 535,693 |  |  |  | $ | 51,354 |  |  |  |  |  |  |  | $ | 484,339 |
(1) The gross balance of intangible assets as of March 31, 2021 includes additions of $1,001,600,000 and $84,528,000 in indefinite-lived and amortizing intangible assets, respectively, related to the Topgolf merger in March 2021.
Amortization Expense Related to Intangible Assets | Amortization expense related to intangible assets at March 31, 2021 in each of the next five fiscal years and beyond is expected to be incurred as follows (in thousands):
Remainder of 2021 | $ | 13,704 |
2022 | 14,332 |
2023 | 12,517 |
2024 | 12,517 |
2025 | 12,427 |
Thereafter | 53,063 |
| $ | 118,560 |

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