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Goodwill and Intangible Assets (Tables) | 9 Months Ended
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Sep. 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):
|  | Topgolf |  | Golf Equipment |  | Apparel, Gear and Other |  |  |  | Total
Balance at December 31, 2020 |  | $ | — |  |  | $ | 27,025 |  |  | $ | 29,633 |  |  |  |  |  | $ | 56,658 |
Acquisitions |  | 1,405,556 |  |  | 504,690 |  |  | 58,665 |  |  |  |  |  | $ | 1,968,911 |
Impairments |  | — |  |  | — |  |  | — |  |  |  |  |  | $ | — |
Foreign currency translation |  | — |  |  | (394) |  |  | — |  |  |  |  |  | $ | (394) |
Balance at September 30, 2021 |  | $ | 1,405,556 |  |  | $ | 531,321 |  |  | $ | 88,298 |  |  |  |  |  | $ | 2,025,175 |
Intangible Assets by Major Asset Class | The following sets forth the intangible assets by major asset class (dollars in thousands):
| Useful Life (Years) |  | September 30, 2021 |  |
| Gross(1) |  | Accumulated Amortization |  | Translation Adjustment |  | Net Book Value |  |  |  |  |  |  |  |
Indefinite-lived: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade name, trademark, trade dress and other | NA |  | $ | 1,441,003 |  |  |  | $ | — |  |  |  |  | $ | 11,893 |  |  |  | $ | 1,429,110 |  |  |  |  |  |  |  |  |  |  |  |  |
Liquor licenses | NA |  | 7,756 |  |  |  | — |  |  |  |  | — |  |  |  | 7,756 |  |  |  |  |  |  |  |  |  |  |  |  |
Amortizing: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Patents | 2-16 |  | 32,041 |  |  |  | 31,645 |  |  |  |  | — |  |  |  | 396 |  |  |  |  |  |  |  |  |  |  |  |  |
Customer and distributor relationships and other | 1-10 |  | 61,378 |  |  |  | 25,195 |  |  |  |  | 1,757 |  |  |  | 34,426 |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology | 10 |  | 69,821 |  |  |  | 3,909 |  |  |  |  | 553 |  |  |  | 65,359 |  |  |  |  |  |  |  |  |  |  |  |  |
Total intangible assets |  |  | $ | 1,611,999 |  |  |  | $ | 60,749 |  |  |  |  | $ | 14,203 |  |  |  | $ | 1,537,047 |  |  |  |  |  |  |  |  |  |  |  |  |
| 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 September 30, 2021 includes additions of $1,001,600,000 and $74,529,000 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 September 30, 2021 in each of the next five fiscal years and beyond is expected to be incurred as follows (in thousands):
Remainder of 2021 | $ | 7,233 |
2022 | 13,177 |
2023 | 11,616 |
2024 | 11,471 |
2025 | 11,395 |
Thereafter | 45,289 |
| $ | 100,181 |

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