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Segment Information (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The tables below contain information utilized by management to evaluate its operating segments for the interim periods presented (in millions).

									Three Months Ended March 31,
															2022						2021
Net revenues:
Topgolf(1)															$	322.0					$	92.6
Golf equipment															468.0						376.9
Apparel, gear and other															250.2						182.1
Total net revenues															$	1,040.2					$	651.6
Segment operating income:
Topgolf(1)															$	6.5					$	4.0
Golf equipment															100.8						84.9
Apparel, gear and other															26.7						20.5
Total segment operating income															134.0						109.4
Reconciling items(2)															(39.7)						(33.3)
Total operating income															94.3						76.1
Gain on Topgolf investment(3)															—						252.5
Interest expense, net															(31.4)						(17.4)
Other income, net															8.1						9.0
Total income before income taxes															$	71.0					$	320.2
Additions to long-lived assets:
Topgolf(1)															$	120.1					$	26.1
Golf equipment															5.3						6.4
Apparel, gear and other															3.6						5.1
Total additions to long-lived assets															$	129.0					$	37.6
(1) On March 8, 2021, the Company completed the merger with Topgolf and has included the results of operations of Topgolf in its consolidated condensed statements of operations from that date forward.
(2) Reconciling items include corporate general and administrative expenses not utilized by management in determining segment profitability, including amortization expense related to intangible assets acquired in connection with the merger with Topgolf and the acquisitions of Jack Wolfskin, TravisMathew and OGIO, as well as depreciation and amortization expense on the step-up to adjust the property, plant and equipment acquired and leases assumed in the merger with Topgolf to their fair values. The amount for 2022 also includes costs associated with the implementation of new IT systems for Topgolf, legal and credit agency fees related to a postponed debt refinancing, in addition to charges related to the suspension of the Jack Wolfskin retail business in Russia due to the Russia-Ukraine war. The amount for 2021 also includes transaction, transition and other non-recurring costs associated with the merger with Topgolf and costs associated with the implementation of new IT systems for Jack Wolfskin.
(3) The gain on Topgolf investment is related to the fair value step-up on the Company’s investment in Topgolf (see Note 5).

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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
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
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-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
-Name Accounting Standards Codification
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Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
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