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v3.22.1

Financing Arrangements (Tables) | 3 Months Ended
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Mar. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The Company’s debt obligations consist of the following (in millions):
|  | Maturity Date |  | Interest Rate |  | March 31, 2022 |  | December 31, 2021
Short-Term Credit Facilities |  |  |  |  |  |  |  |
U.S. Asset-Based Revolving Credit Facility |  | May 17, 2024 |  | 2.33% |  | $ | 178.2 |  |  | $ | 9.1 |
2022 Japan ABL Facility (1) |  | January 21, 2025 |  | 0.89% |  | 41.1 |  |  | — |
Total Principal Amount |  |  |  |  |  | $ | 219.3 |  |  | $ | 9.1 |
Unamortized Debt Issuance Costs |  |  |  |  |  | $ | 0.9 |  |  | $ | 0.9 |
Balance Sheet Location |  |  |  |  |  |  |  |
Prepaid expenses |  | $ | 0.5 |  |  | $ | 0.9 |
Other long-term assets |  | $ | 0.4 |  |  | $ | — |
Asset-based credit facilities |  | $ | 219.3 |  |  | $ | 9.1 |
|  | Maturity Date |  | Interest Rate |  | March 31, 2022 |  | December 31, 2021
Long-Term Debt and Credit Facilities |  |  |  |  |  |  |  |
Japan Term Loan |  | July 31, 2025 |  | 0.85% |  | $ | — |  |  | $ | 13.0 |
Term Loan B (2) |  | January 4, 2026 |  | 4.96% |  | 435.6 |  |  | 436.8 |
Topgolf Term Loan |  | February 8, 2026 |  | 7.00% |  | 339.5 |  |  | 340.4 |
Convertible Notes |  | May 1, 2026 |  | 2.75% |  | 258.8 |  |  | 258.8 |
Equipment Notes |  | December 27, 2022 - March 19, 2027 |  | 2.36% - 3.79% |  | 28.6 |  |  | 31.1 |
Mortgage Loans |  | July 1, 2033 - July 29, 2036 |  | 9.75% - 11.31% |  | 46.3 |  |  | 46.4 |
Financed Tenant Improvements |  | February 1, 2035 |  | 8.00% |  | 3.6 |  |  | 3.7 |
Total Principal Amount |  |  |  |  |  | $ | 1,112.4 |  |  | $ | 1,130.2 |
Less: Unamortized Debt Issuance Costs |  |  |  |  |  | 26.2 |  |  | 85.8 |
Total Debt, net of Unamortized Debt Issuance Costs |  |  |  |  |  | $ | 1,086.2 |  |  | $ | 1,044.4 |
Balance Sheet Location |  |  |  |  |  |  |  |
Other current liabilities |  | $ | 15.7 |  |  | $ | 19.1 |
Long-term debt |  | 1,070.5 |  |  | 1,025.3 |
|  |  |  |  |  | $ | 1,086.2 |  |  | $ | 1,044.4 |
(1) Subject to an effective interest rate equal to the Tokyo Interbank Offered Rate plus 0.80%.
(2) Subject to an interest rate per annum equal to either, at the Company’s option, the London Interbank Offered Rate or the base rate, plus 4.50% or 3.50%.
Schedule of Aggregate Amount of Maturities for Debt | The following table presents the Company’s combined aggregate amount of maturities for the Company’s long-term debt over the next five years and thereafter as of March 31, 2022. Amounts payable under the ABL Facility are excluded from this table as they are short-term in nature. Amounts payable under the Term Loan included below represent the minimum principal repayment obligations as of March 31, 2022.
|  | (in millions)
Remainder of 2022 |  | $ | 14.4 |
2023 |  | 16.5 |
2024 |  | 15.3 |
2025 |  | 13.0 |
2026 |  | 1,006.8 |
Thereafter |  | 46.4 |
|  | $ | 1,112.4 |
Less: Unamortized Debt Issuance Costs |  | 26.2 |
Total |  | $ | 1,086.2 |

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- Definition Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 303 -Paragraph (a) -Subparagraph (5) + Details
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