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Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 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																		1,402,101						1,965,321
Impairments						—						—																		—						—
Foreign currency translation						(71)						—																		—						(71)
Balance at June 30, 2021						$	531,522					$	88,285																	$	1,402,101					$	2,021,908

Intangible Assets by Major Asset Class

The following sets forth the intangible assets by major asset class (dollars in thousands):

			Useful Life (Years)						June 30, 2021
									Gross(1)						Accumulated Amortization												Translation Adjustment												Net Book Value
Indefinite-lived:
Trade name, trademark, trade dress and other			NA						$	1,441,003								$	—											$	6,695								$	1,434,308
Liquor licenses			NA						7,452									—												—									7,452
Amortizing:
Patents			2-16						32,041									31,617												—									424
Customer and distributor relationships and other			1-10						61,377									23,278												1,021									37,078
Developed technology			10						79,994									2,496												123									77,375
Total intangible assets									$	1,621,867								$	57,391											$	7,839								$	1,556,637

			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 June 30, 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 that was completed on March 8, 2021.

Amortization Expense Related to Intangible Assets

Amortization expense related to intangible assets at June 30, 2021 in each of the next five fiscal years and beyond is expected to be incurred as follows (in thousands):

Remainder of 2021			$	10,522
2022			14,348
2023			12,675
2024			12,532
2025			12,454
Thereafter			52,346
			$	114,877

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Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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