XML 38 R28.htm IDEA: XBRL DOCUMENT
v3.22.2

Revenue Recognition (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2022
Revenue from Contract with Customer [Abstract] |
Disaggregation of Revenue |
| Operating and Reportable Segments
Three Months Ended June 30, 2022 |  | Three Months Ended June 30, 2021
| Topgolf (1) |  | Golf Equipment |  | Active Lifestyle |  | Total |  | Topgolf (1) |  | Golf Equipment |  | Active Lifestyle |  | Total
Venues | $ | 383.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 383.4 |  |  | $ | 307.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 307.1 |
Other business lines | 20.3 |  |  | — |  |  | — |  |  | 20.3 |  |  | 18.3 |  |  | — |  |  | — |  |  | 18.3 |
Golf club | — |  |  | 367.8 |  |  | — |  |  | 367.8 |  |  | — |  |  | 320.0 |  |  | — |  |  | 320.0 |
Golf ball | — |  |  | 84.1 |  |  | — |  |  | 84.1 |  |  | — |  |  | 81.3 |  |  | — |  |  | 81.3 |
Apparel | — |  |  | — |  |  | 136.9 |  |  | 136.9 |  |  | — |  |  | — |  |  | 91.4 |  |  | 91.4 |
Gear, accessories & other | — |  |  | — |  |  | 123.2 |  |  | 123.2 |  |  | — |  |  | — |  |  | 95.5 |  |  | 95.5 |
| $ | 403.7 |  |  | $ | 451.9 |  |  | $ | 260.1 |  |  | $ | 1,115.7 |  |  | $ | 325.4 |  |  | $ | 401.3 |  |  | $ | 186.9 |  |  | $ | 913.6 |
(1) As of January 1, 2022, in order to align with the Company’s current management reporting structure, the Company reports revenues associated with corporate advertising sponsorship contracts in the Venues service category. Revenues associated with corporate advertising sponsorship contracts were previously included in Other business lines at the Topgolf segment. Accordingly, revenue of $3.7 million for the three months ended June 30, 2021 was reclassified from Other business lines to Venues to conform with current year presentation.
| Operating and Reportable Segments
Six Months Ended June 30, 2022 |  | Six Months Ended June 30, 2021
| Topgolf (1) |  | Golf Equipment |  | Active Lifestyle |  | Total |  | Topgolf (1) |  | Golf Equipment |  | Active Lifestyle |  |  |  | Total
Venues | $ | 689.9 |  |  | $ | — |  |  | $ | — |  |  | $ | 689.9 |  |  | $ | 393.2 |  |  | $ | — |  |  | $ | — |  |  |  |  | $ | 393.2 |
Other business lines | 35.8 |  |  | — |  |  | — |  |  | 35.8 |  |  | 24.9 |  |  | — |  |  | — |  |  |  |  | 24.9 |
Golf club | — |  |  | 738.2 |  |  | — |  |  | 738.2 |  |  | — |  |  | 636.3 |  |  | — |  |  |  |  | 636.3 |
Golf ball | — |  |  | 181.7 |  |  | — |  |  | 181.7 |  |  | — |  |  | 141.8 |  |  | — |  |  |  |  | 141.8 |
Apparel | — |  |  | — |  |  | 275.3 |  |  | 275.3 |  |  | — |  |  | — |  |  | 186.7 |  |  |  |  | 186.7 |
Gear, accessories & other | — |  |  | — |  |  | 235.0 |  |  | 235.0 |  |  | — |  |  | — |  |  | 182.3 |  |  |  |  | 182.3 |
| $ | 725.7 |  |  | $ | 919.9 |  |  | $ | 510.3 |  |  | $ | 2,155.9 |  |  | $ | 418.1 |  |  | $ | 778.1 |  |  | $ | 369.0 |  |  |  |  | $ | 1,565.2 |
(1) As of January 1, 2022, in order to align with the Company’s current management reporting structure, the Company reports revenues associated with corporate advertising sponsorship contracts in the Venues service category. Revenue associated with corporate advertising sponsorship contracts were previously included in Other business lines at the Topgolf segment. Accordingly, revenue of $4.7 million for the six months ended June 30, 2022 was reclassified from Other business lines to Venues to conform with current year presentation.
The following table summarizes revenue by geographical regions in which the Company operates (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Revenue by Major Geographic Region(1): |  |  |  |  |  |  |
United States | $ | 800.5 |  |  | $ | 642.8 |  |  | $ | 1,509.9 |  |  | $ | 1,031.0 |
Europe | 141.0 |  |  | 121.0 |  |  | 275.8 |  |  | 229.3 |
Asia | 135.2 |  |  | 115.1 |  |  | 293.9 |  |  | 239.1 |
Rest of world | 39.0 |  |  | 34.7 |  |  | 76.3 |  |  | 65.8 |
| $ | 1,115.7 |  |  | $ | 913.6 |  |  | $ | 2,155.9 |  |  | $ | 1,565.2 |
(1) As of January 1, 2022, the Company modified the composition of its regions. Japan, Korea, China, South-East Asia and India are now included in the Asia region. These regions, except for Japan, were previously reported in rest of world. As a result of this change, net revenues by region for the period presented in the prior year were recast to conform to the current year presentation.
The following table summarizes royalty income by operating segment (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Royalty Income: |  |  |  |  |  |  |
Topgolf | $ | 14.5 |  |  | $ | 12.2 |  |  | $ | 24.2 |  |  | $ | 16.2 |
Active Lifestyle | 8.6 |  |  | 10.0 |  |  | 14.0 |  |  | 16.9 |
Total | $ | 23.1 |  |  | $ | 22.2 |  |  | $ | 38.2 |  |  | $ | 33.1 |
Reconciliation of Activity Related to Short-term Deferred Revenue | The following table provides a reconciliation of activity related to the Company’s short-term deferred revenue balance for the periods presented (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Beginning Balance | $ | 99.3 |  |  | $ | 70.9 |  |  | $ | 93.9 |  |  | $ | 2.5 |
Deferral of revenue | 163.1 |  |  | 110.2 |  |  | 270.5 |  |  | 184.4 |
Revenue recognized | (166.5) |  |  | (95.2) |  |  | (267.8) |  |  | (100.9) |
Breakage | (3.8) |  |  | (2.3) |  |  | (8.7) |  |  | (2.4) |
Foreign currency translation and other | (0.3) |  |  | — |  |  | 3.9 |  |  | — |
Ending Balance | $ | 91.8 |  |  | $ | 83.6 |  |  | $ | 91.8 |  |  | $ | 83.6 |
Reconciliation of Short Term Sales Program Incentives | The following table provides a reconciliation of the activity related to the Company’s short-term sales program incentives for the periods presented (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Beginning Balance | $ | 32.3 |  |  | $ | 33.4 |  |  | $ | 23.3 |  |  | $ | 26.2 |
Additions | 11.7 |  |  | 4.3 |  |  | 27.6 |  |  | 18.9 |
Credits issued | (7.1) |  |  | (11.9) |  |  | (13.3) |  |  | (18.3) |
Other/foreign currency translation | (1.7) |  |  | — |  |  | (2.4) |  |  | (1.0) |
Ending Balance | $ | 35.2 |  |  | $ | 25.8 |  |  | $ | 35.2 |  |  | $ | 25.8 |
Sales Returns and Allowances | The following table provides a reconciliation of the activity related to the Company’s sales return liability for the periods presented (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Beginning Balance | $ | 67.6 |  |  | $ | 60.8 |  |  | $ | 47.4 |  |  | $ | 44.0 |
Provision | 36.4 |  |  | 29.0 |  |  | 86.3 |  |  | 64.9 |
Sales returns | (26.4) |  |  | (18.2) |  |  | (56.1) |  |  | (37.3) |
Ending Balance | $ | 77.6 |  |  | $ | 71.6 |  |  | $ | 77.6 |  |  | $ | 71.6 |

X
- Definition Reconciliation Of Short Term Sales Program Incentives + References No definition available. + Details
Name: | ely_ReconciliationOfShortTermSalesProgramIncentivesTableTextBlock
Namespace Prefix: | ely_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in the allowance for sales return reserves. + References No definition available. + Details
Name: | ely_SalesReturnsAndAllowancesTableTextBlock
Namespace Prefix: | ely_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045 + Details
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration