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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Changes in the carrying amount of goodwill by operating and reportable segment are as follows (in millions):
|  | Topgolf |  | Golf Equipment |  | Active Lifestyle |  |  |  | Total
Balance at December 31, 2021 |  | $ | 1,340.7 |  |  | $ | 531.1 |  |  | $ | 88.3 |  |  |  |  |  | $ | 1,960.1 |
Additions |  | 14.3 |  |  | 0.2 |  |  | — |  |  |  |  |  | $ | 14.5 |
Foreign currency translation and other |  | 9.1 |  |  | (1.0) |  |  | — |  |  |  |  |  | $ | 8.1 |
Balance at June 30, 2022 |  | $ | 1,364.1 |  |  | $ | 530.3 |  |  | $ | 88.3 |  |  |  |  |  | $ | 1,982.7 |
Additions to goodwill during the six months ended June 30, 2022 are related to adjustments made during the first quarter of 2022 to finalize the fair value on certain leases assumed in connection with the merger with Topgolf, as well as the deferred taxes associated with the transaction (see Note 5). Goodwill is net of accumulated impairment losses of $148.4 million which were recorded prior to December 31, 2021 at the Company’s Active Lifestyle segment. The Company’s intangible assets by major asset class are as follows (in millions, except useful life amounts):
| Useful Life (Years) |  | June 30, 2022 |  |
| Gross |  | Accumulated Amortization |  | Translation Adjustment |  | Net Book Value |  |  |  |  |  |  |  |
Indefinite-lived: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade name, trademark, trade dress and other | — |  | $ | 1,441.0 |  |  | $ | — |  |  | $ | (32.4) |  |  | $ | 1,408.6 |  |  |  |  |  |  |  |  |  |  |  |  |
Liquor licenses | — |  | 8.4 |  |  | — |  |  | — |  |  | 8.4 |  |  |  |  |  |  |  |  |  |  |  |  |
Amortizing: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Patents | 2-16 |  | 32.0 |  |  | (31.7) |  |  | — |  |  | 0.3 |  |  |  |  |  |  |  |  |  |  |  |  |
Customer and distributor relationships and other | 1-10 |  | 67.4 |  |  | (30.9) |  |  | (4.4) |  |  | 32.1 |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology | 10 |  | 69.7 |  |  | (9.0) |  |  | (2.9) |  |  | 57.8 |  |  |  |  |  |  |  |  |  |  |  |  |
Total intangible assets |  |  | $ | 1,618.5 |  |  | $ | (71.6) |  |  | $ | (39.7) |  |  | $ | 1,507.2 |  |  |  |  |  |  |  |  |  |  |  |  |
| Useful Life (Years) |  | December 31, 2021
| Gross |  | Accumulated Amortization |  |  |  | Translation Adjustment |  | Net Book Value
Indefinite-lived: |  |  |  |  |  |  |  |  |  |  |  |  |
Trade name, trademark, trade dress and other | — |  | $ | 1,441.0 |  |  | $ | — |  |  |  |  |  |  | $ | (15.8) |  |  | $ | 1,425.2 |
Liquor licenses | — |  | 7.7 |  |  | — |  |  |  |  |  |  | — |  |  | 7.7 |
Amortizing: |  |  |  |  |  |  |  |  |  |  |  |  |
Patents | 2-16 |  | 32.0 |  |  | (31.7) |  |  |  |  |  |  | — |  |  | 0.3 |
Customer and distributor relationships and other | 1-10 |  | 61.7 |  |  | (27.4) |  |  |  |  |  |  | (2.3) |  |  | 32.0 |
Developed technology | 10 |  | 69.7 |  |  | (5.5) |  |  |  |  |  |  | (0.8) |  |  | 63.4 |
Total intangible assets |  |  | $ | 1,612.1 |  |  | $ | (64.6) |  |  |  |  |  |  | $ | (18.9) |  |  | $ | 1,528.6 |
The Company recognized amortization expense related to acquired intangible assets of $3.4 million and $3.7 million for the three months ended June 30, 2022 and 2021, respectively, and $7.0 million and $6.0 million for the six months ended June 30, 2022 and 2021, respectively. Amortization expense is included in selling, general and administrative expenses in the consolidated condensed statements of operations. Amortization expense related to intangible assets at June 30, 2022 in each of the next five fiscal years and beyond is expected to be incurred as follows (in millions):
Remainder of 2022 | $ | 8.7 |
2023 | 14.0 |
2024 | 11.2 |
2025 | 11.1 |
2026 | 11.1 |
Thereafter | 34.1 |
| $ | 90.2 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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