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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, 2022Three Months Ended June 30, 2021
Topgolf (1)
Golf EquipmentActive LifestyleTotal
Topgolf (1)
Golf EquipmentActive LifestyleTotal
Venues$383.4 $— $— $383.4 $307.1 $— $— $307.1 
Other business lines20.3 — — 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, 2022Six Months Ended June 30, 2021
Topgolf (1)
Golf EquipmentActive LifestyleTotal
Topgolf (1)
Golf EquipmentActive LifestyleTotal
Venues$689.9 $— $— $689.9 $393.2 $— $— $393.2 
Other business lines35.8 — — 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,
2022202120222021
Revenue by Major Geographic Region(1):
United States$800.5 $642.8 $1,509.9 $1,031.0 
Europe141.0 121.0 275.8 229.3 
Asia135.2 115.1 293.9 239.1 
Rest of world39.0 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,
2022202120222021
Royalty Income:
Topgolf$14.5 $12.2 $24.2 $16.2 
Active Lifestyle8.6 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,
2022202120222021
Beginning Balance$99.3 $70.9 $93.9 $2.5 
Deferral of revenue163.1 110.2 270.5 184.4 
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,
2022202120222021
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,
2022202120222021
Beginning Balance$67.6 $60.8 $47.4 $44.0 
Provision36.4 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