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Fair Value of Financial Instruments (Tables) | 3 Months Ended
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Mar. 31, 2022
Fair Value Disclosures [Abstract] |
Valuation of Foreign Currency Exchange Contracts by Pricing Levels | The following table summarizes the valuation of the Company’s foreign currency forward contracts and interest rate hedge agreements (see Note 15) that are measured at fair value on a recurring basis, and are classified within Level 2 of the fair value hierarchy as of March 31, 2022 and December 31, 2021 (in millions):
| Fair Value |  | Level 1 |  | Level 2 |  | Level 3
March 31, 2022 |  |  |  |  |  |  |
Foreign currency forward contracts—asset position | $ | 7.9 |  |  | $ | — |  |  | $ | 7.9 |  |  | $ | — |
Foreign currency forward contracts—liability position | (1.5) |  |  | — |  |  | (1.5) |  |  | — |
Interest rate hedge agreements—asset position | 1.0 |  |  | — |  |  | 1.0 |  |  | — |
Interest rate hedge agreements—liability position | (1.5) |  |  | — |  |  | (1.5) |  |  | — |
| $ | 5.9 |  |  | $ | — |  |  | $ | 5.9 |  |  | $ | — |
December 31, 2021 |  |  |  |  |  |  |
Foreign currency forward contracts—asset position | $ | 0.3 |  |  | $ | — |  |  | $ | 0.3 |  |  | $ | — |
Foreign currency forward contracts—liability position | (0.2) |  |  | — |  |  | (0.2) |  |  | — |
Interest rate hedge agreements—liability position | (8.7) |  |  | — |  |  | (8.7) |  |  | — |
| $ | (8.6) |  |  | $ | — |  |  | $ | (8.6) |  |  | $ | — |
Fair Value Relating to Financial Assets and Liabilities | The table below illustrates information about fair value relating to the Company’s financial assets and liabilities. The fair value of these financial assets and liabilities are categorized within Level 2 of the fair value hierarchy and are based on quoted prices for similar instruments in active markets, quantitative pricing models, observable market borrowing rates, as well as other observable inputs and applicable valuation techniques. The financial assets and liabilities in the table below are recognized in the accompanying consolidated condensed balance sheets as of March 31, 2022 and December 31, 2021 (in millions).
|  | March 31, 2022 |  | December 31, 2021
|  | Carrying Value |  | Fair Value |  | Carrying Value |  | Fair Value
Term Loan |  | $ | 435.6 |  |  | $ | 434.7 |  |  | $ | 436.8 |  |  | $ | 437.5 |
Japan Term Loan |  | $ | — |  |  | $ | — |  |  | $ | 13.0 |  |  | $ | 12.2 |
Convertible Notes |  | $ | 258.8 |  |  | $ | 390.1 |  |  | $ | 258.8 |  |  | $ | 444.4 |
U.S. Asset-Based Revolving Credit Facility |  | $ | 178.2 |  |  | $ | 178.2 |  |  | $ | 9.1 |  |  | $ | 9.1 |
Japan ABL Facility |  | $ | 41.1 |  |  | $ | 41.1 |  |  | $ | — |  |  | $ | — |
Equipment Notes |  | $ | 28.6 |  |  | $ | 31.4 |  |  | $ | 31.1 |  |  | $ | 30.2 |
Mortgage Loans |  | $ | 46.3 |  |  | $ | 52.1 |  |  | $ | 46.4 |  |  | $ | 52.3 |
Topgolf Term Loan |  | $ | 339.5 |  |  | $ | 345.0 |  |  | $ | 340.4 |  |  | $ | 346.1 |

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123874694&loc=d3e19207-110258 + Details
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