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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Dec. 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):
|  | Topgolf |  | Golf Equipment |  | Apparel, Gear and Other |  |  |  | Total
Balance at December 31, 2020 |  | $ | — |  |  | $ | 27,025 |  |  | $ | 29,633 |  |  |  |  |  | $ | 56,658 |
Acquisitions |  | 1,340,663 |  |  | 504,568 |  |  | 58,652 |  |  |  |  |  | 1,903,883 |
Impairments |  | — |  |  | — |  |  | — |  |  |  |  |  | — |
Foreign currency translation |  | — |  |  | (471) |  |  | — |  |  |  |  |  | (471) |
Balance at December 31, 2021 |  | $ | 1,340,663 |  |  | $ | 531,122 |  |  | $ | 88,285 |  |  |  |  |  | $ | 1,960,070 |
Intangible Assets by Major Asset Class | The following sets forth the intangible assets by major asset class (dollars in thousands):
| Useful Life (Years) |  | December 31, 2021 |  |
| Gross(1) |  | Accumulated Amortization |  | Translation Adjustment |  | Net Book Value |  |  |  |  |  |  |  |
Indefinite-lived: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade name, trademark, trade dress and other | NA |  | $ | 1,441,003 |  |  | $ | — |  |  | $ | (15,820) |  |  | $ | 1,425,183 |  |  |  |  |  |  |  |  |  |  |  |  |
Liquor licenses | NA |  | 7,756 |  |  | — |  |  | — |  |  | 7,756 |  |  |  |  |  |  |  |  |  |  |  |  |
Amortizing: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Patents | 2-16 |  | 32,041 |  |  | (31,671) |  |  | — |  |  | 370 |  |  |  |  |  |  |  |  |  |  |  |  |
Customer and distributor relationships and other | 1-10 |  | 61,718 |  |  | (27,405) |  |  | (2,335) |  |  | 31,978 |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology | 10 |  | 69,651 |  |  | (5,496) |  |  | (804) |  |  | 63,351 |  |  |  |  |  |  |  |  |  |  |  |  |
Total intangible assets |  |  | $ | 1,612,169 |  |  | $ | (64,572) |  |  | $ | (18,959) |  |  | $ | 1,528,638 |  |  |  |  |  |  |  |  |  |  |  |  |
| 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 December 31, 2021 includes additions of $1,001,956 and $74,179 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 December 31, 2021 in each of the next five fiscal years and beyond is expected to be incurred as follows (in thousands):
2022 | $ | 13,263 |
2023 | 11,695 |
2024 | 11,606 |
2025 | 11,394 |
2026 | 11,348 |
Thereafter | 36,393 |
| $ | 95,699 |

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