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Financing Arrangements (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The Company’s debt obligations are summarized as follows (in millions):

						Maturity Date						Interest Rate						September 30, 2022						December 31, 2021
Short-Term Credit Facilities
U.S. Asset-Based Revolving Credit Facility(1)						May 17, 2024						3.71%						$	65.0					$	9.1
2022 Japan ABL Facility(2)						January 25, 2025						0.85%						34.6						—
Total Principal Amount																		$	99.6					$	9.1
Unamortized Debt Issuance Costs																		$	0.8					$	0.9
Balance Sheet Location
Asset-based credit facilities																		$	99.6					$	9.1
Prepaid expenses																		$	0.4					$	0.9
Other long-term assets																		$	0.4					$	—
						Maturity Date						Interest Rate						September 30, 2022						December 31, 2021
Long-Term Debt and Credit Facilities
Japan Term Loan						July 31, 2025						0.85%						$	—					$	13.0
Term Loan B(3)						January 4, 2026						7.62%						433.2						436.8
Topgolf Term Loan						February 8, 2026						9.33%						337.8						340.4
Convertible Notes						May 1, 2026						2.75%						258.3						258.8
Equipment Notes						December 27, 2022 - March 19, 2027						2.36% - 3.79%						23.5						31.1
Mortgage Loans						July 1, 2033 - July 29, 2036						9.75% - 11.31%						46.0						46.4
Financed Tenant Improvements						February 1, 2035						8.00%						3.5						3.7
Total Principal Amount																		$	1,102.3					$	1,130.2
Less: Unamortized Debt Issuance Costs																		22.8						85.8
Total Debt, net of Unamortized Debt Issuance Costs																		$	1,079.5					$	1,044.4
Balance Sheet Location
Other current liabilities																		$	13.6					$	19.1
Long-term debt																		1,065.9						1,025.3
																		$	1,079.5					$	1,044.4
(1) Interest rate fluctuates depending on the Company’s availability ratio.
(2) Subject to an effective interest rate equal to the Tokyo Interbank Offered Rate plus 0.80%.
(3) Subject to an interest rate per annum equal to either, at the Company’s option, the London Interbank Offered Rate (“LIBOR”) or the base rate, plus 4.50% or 3.50%, respectively.

Schedule of Aggregate Amount of Maturities for Debt

The following table presents the Company’s combined aggregate amount of maturities for the Company’s long-term debt over the next five years and thereafter as of September 30, 2022. Amounts payable under the Term Loan included below represent the minimum principal repayment obligations as of September 30, 2022.

						(in millions)
Remainder of 2022						$	4.8
2023						16.4
2024						15.3
2025						13.0
2026						1,006.4
Thereafter						46.4
						$	1,102.3
Less: Unamortized Debt Issuance Costs						22.8
Total						$	1,079.5

X

- Definition

Tabular disclosure of contractual obligation by timing of payment due. Includes, but is not limited to, long-term debt obligation, lease obligation, and purchase obligation.

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Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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