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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Net revenues: |  |  |  |  |  |  |
Topgolf (1) | $ | 403.7 |  |  | $ | 325.4 |  |  | $ | 725.7 |  |  | $ | 418.1 |
Golf Equipment | 451.9 |  |  | 401.3 |  |  | 919.9 |  |  | 778.1 |
Active Lifestyle | 260.1 |  |  | 186.9 |  |  | 510.3 |  |  | 369.0 |
Total net revenues | $ | 1,115.7 |  |  | $ | 913.6 |  |  | $ | 2,155.9 |  |  | $ | 1,565.2 |
Segment Operating Income |  |  |  |  |  |  |
Topgolf (1) | $ | 44.2 |  |  | $ | 24.2 |  |  | $ | 50.7 |  |  | $ | 28.2 |
Golf Equipment | 100.3 |  |  | 98.1 |  |  | 201.1 |  |  | 183.0 |
Active Lifestyle | 22.5 |  |  | 15.7 |  |  | 49.2 |  |  | 36.2 |
Total segment operating income | 167.0 |  |  | 138.0 |  |  | 301.0 |  |  | 247.4 |
Reconciling items (2) | (38.0) |  |  | (30.7) |  |  | (77.7) |  |  | (64.0) |
Total operating income | 129.0 |  |  | 107.3 |  |  | 223.3 |  |  | 183.4 |
Gain on Topgolf investment (3) | — |  |  | — |  |  | — |  |  | 252.5 |
Interest expense, net | (32.5) |  |  | (28.9) |  |  | (63.9) |  |  | (46.3) |
Other income, net | 11.8 |  |  | (2.5) |  |  | 19.9 |  |  | 6.5 |
Total income before income taxes | $ | 108.3 |  |  | $ | 75.9 |  |  | $ | 179.3 |  |  | $ | 396.1 |
Additions to long-lived assets: |  |  |  |  |  |  |
Topgolf (1) | $ | 102.4 |  |  | $ | 114.0 |  |  | $ | 222.5 |  |  | $ | 140.1 |
Golf equipment | 3.5 |  |  | 9.4 |  |  | 8.8 |  |  | 15.8 |
Active Lifestyle | 7.2 |  |  | 7.5 |  |  | 10.8 |  |  | 12.6 |
Total additions to long-lived assets | $ | 113.1 |  |  | $ | 130.9 |  |  | $ | 242.1 |  |  | $ | 168.5 |
(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 and Callaway, 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 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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