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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Information Utilized by Management to Evaluate its Operating Segments | The table below contains information utilized by management to evaluate its operating segments.
| Years Ended December 31,
| 2021 |  | 2020 |  | 2019
Net revenues: |  |  |  |  |
Topgolf(1) | $ | 1,087,671 |  |  | $ | — |  |  | $ | — |
Golf equipment | 1,229,175 |  |  | 982,675 |  |  | 979,173 |
Apparel, gear and other | 816,601 |  |  | 606,785 |  |  | 721,890 |
Total net revenues | $ | 3,133,447 |  |  | $ | 1,589,460 |  |  | $ | 1,701,063 |
Income (loss) before income taxes: |  |  |  |  |
Topgolf(1) | $ | 58,225 |  |  | $ | — |  |  | $ | — |
Golf equipment | 203,846 |  |  | 148,578 |  |  | 140,316 |
Apparel, gear and other | 68,511 |  |  | 679 |  |  | 75,490 |
Total segment operating income | 330,582 |  |  | 149,257 |  |  | 215,806 |
Corporate G&A and other(2) | (125,867) |  |  | (80,503) |  |  | (83,138) |
Goodwill and tradename impairment(3) | — |  |  | (174,269) |  |  | — |
Total operating income (loss) | 204,715 |  |  | (105,515) |  |  | 132,668 |
Gain on Topgolf investment(4) | 252,531 |  |  | — |  |  | — |
Interest expense, net | (115,565) |  |  | (46,932) |  |  | (38,493) |
Other income, net | 8,961 |  |  | 24,969 |  |  | 1,594 |
Total income (loss) before income taxes | $ | 350,642 |  |  | $ | (127,478) |  |  | $ | 95,769 |
| December 31,
| 2021 |  | 2020
Identifiable assets: |  |  |
Topgolf(1) | $ | 4,909,968 |  |  | $ | — |
Golf equipment | 1,107,632 |  |  | 481,214 |
Apparel, gear and other | 840,466 |  |  | 754,601 |
Reconciling items(5) | 889,714 |  |  | 744,785 |
Total identifiable assets | $ | 7,747,780 |  |  | $ | 1,980,600 |
Additions to long-lived assets:(6) |  |  |
Topgolf(1) | $ | 286,813 |  |  | $ | — |
Golf equipment | 30,657 |  |  | 25,695 |
Apparel, gear and other | 20,996 |  |  | 21,235 |
Total additions to long-lived assets | $ | 338,466 |  |  | $ | 46,930 |
Goodwill:(7) |  |  |
Topgolf(1) | $ | 1,340,663 |  |  | $ | — |
Golf equipment | 531,122 |  |  | 27,025 |
Apparel, gear and other | 88,285 |  |  | 29,633 |
Total goodwill | $ | 1,960,070 |  |  | 56,658 |
Depreciation and amortization: |  |  |
Topgolf(1) | $ | 114,618 |  |  | $ | — |
Golf equipment | 14,073 |  |  | 19,212 |
Apparel, gear and other | 27,131 |  |  | 20,296 |
Total depreciation and amortization | $ | 155,822 |  |  | $ | 39,508 |
____________ (1)On March 8, 2021, the Company completed the merger with Topgolf and has included the results of operations of Topgolf in its consolidated state ments of operations from that date forward. (2)Corporate general and administrative expenses for the year ended December 31, 2021 include (i) $22.3 million of non-cash amortization expense for intangible assets acquired in connection with the merger with Topgolf, combined with depreciation expense from the fair value step-up of Topgolf property, plant and equipment and amortization expense related to the fair value adjustments to Topgolf leases, (ii)$21.2 million of transaction, transition and other non-recurring costs associated with the merger with Topgolf completed on March 8, 2021, and (iii) $2.8 million of costs related to the implementation of new IT systems for Jack Wolfskin. The amount for the year ended December 31, 2020 includes certain non-recurring costs, including (i) $8.5 million in transaction, transition, and other non-recurring costs associated with the Topgolf Merger Agreement, (ii) $3.7 million of costs associated with the Company’s transition to its new North America Distribution Center; (iii) $3.8 million related to cost-reduction initiatives, including severance charges associated with workforce reductions due to the COVID-19 pandemic, and (iv) $1.5 million related to the implementation of new IT systems for Jack Wolfskin. The amount for the year ended December 31, 2019 includes $26.4 million of non-recurring transaction fees and transition costs associated with the acquisition of Jack Wolfskin completed in January 2019, as well as other non-recurring advisory fees. (3)The $174.3 million goodwill and tradename impairment for the year ended December 31, 2020 was primarily related to an impairment in goodwill at Jack Wolfskin (see Note 9). (4)The $252.5 million gain on Topgolf investment included in the year ended December 31, 2021 was related to the fair value step-up on the Company's pre-acquisition investment in Topgolf (see Note 10). (5)Reconciling items represent unallocated corporate assets not segregated between the three segments including income taxes receivable, prepaid expense and other current assets. The $144.9 million increase in reconciling items in 2021 compared to 2020 was primarily due to an increase of $84.2 million in other current assets and an increase of $33.9 million in prepaid expenses. (6)Additions to long-lived assets are comprised of purchases of property, plant and equipment.(7)The $1,903.4 million increase in goodwill in 2021 compared to 2020 was primarily due to the Topgolf merger in March 2021 (see Note 9).
Revenues and Long Lived Assets | Long-lived assets are based on location of domicile.
| Net Revenues |  | Long-Lived Assets(1)
| (in thousands)
2021 |  |  |
United States | $ | 2,067,070 |  |  | $ | 1,383,614 |
Europe | 499,533 |  |  | 48,854 |
Japan | 243,848 |  |  | 7,205 |
Rest of World | 322,996 |  |  | 11,729 |
| $ | 3,133,447 |  |  | $ | 1,451,402 |
2020 |  |  |
United States | $ | 778,600 |  |  | $ | 116,459 |
Europe | 372,957 |  |  | 17,078 |
Japan | 212,055 |  |  | 6,028 |
Rest of World | 225,848 |  |  | 6,930 |
| $ | 1,589,460 |  |  | $ | 146,495 |
2019 |  |  |
United States | $ | 788,232 |  |  | $ | 103,111 |
Europe | 428,628 |  |  | 19,148 |
Japan | 246,260 |  |  | 5,655 |
Rest of World | 237,943 |  |  | 4,846 |
| $ | 1,701,063 |  |  | $ | 132,760 |
____________ (1)In 2021, the Company re-evaluated its definition of long-lived assets to include property, plant and equipment. As a result, the information presented for 2020 and 2019 was recast to conform with the current year presentation.

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- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 + Details
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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