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Goodwill and Intangible Assets (Tables)

9 Months Ended

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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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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