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Financing Arrangements (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | The Company’s debt obligations are summarized as follows (in millions, except percentages):
|  | Maturity Date |  | Interest Rate |  | December 31, 2022 |  | December 31, 2021
Short-Term Credit Facilities |  |  |  |  |  |  |  |
U.S. Asset-Based Revolving Credit Facility(1) |  | May 17, 2024 |  | 5.65% |  | $ | 181.1 |  |  | $ | 9.1 |
Japan ABL Facility(2) |  | January 21, 2025 |  | 0.87% |  | 38.2 |  |  | — |
Total Principal Amount |  |  |  |  |  | $ | 219.3 |  |  | $ | 9.1 |
Unamortized Debt Issuance Costs |  |  |  |  |  | $ | 0.9 |  |  | $ | 0.9 |
Balance Sheet Location |  |  |  |  |  |  |  |
Asset-based credit facilities |  | $ | 219.3 |  |  | $ | 9.1 |
Prepaid expenses |  | $ | 0.6 |  |  | $ | 0.9 |
Other long-term assets |  | $ | 0.3 |  |  | $ | — |
|  | Maturity Date |  | Interest Rate |  | December 31, 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 |  | 8.88% |  | 432.0 |  |  | 436.8 |
Topgolf Term Loan |  | February 8, 2026 |  | 10.58% |  | 336.9 |  |  | 340.4 |
Topgolf Revolving Credit Facility |  | February 8, 2024 |  | 8.08% |  | 110.0 |  |  | — |
Convertible Notes |  | May 1, 2026 |  | 2.75% |  | 258.3 |  |  | 258.8 |
Equipment Notes |  | July 24, 2023 - December 27, 2027 |  | 2.36% - 5.93% |  | 27.8 |  |  | 31.1 |
Mortgage Loans |  | July 1, 2033 - July 29, 2036 |  | 9.75% - 11.31% |  | 45.9 |  |  | 46.4 |
Financed Tenant Improvements |  | February 1, 2035 |  | 8.00% |  | 3.5 |  |  | 3.7 |
Total Principal Amount |  |  |  |  |  | $ | 1,214.4 |  |  | $ | 1,130.2 |
Less: Unamortized Debt Issuance Costs |  |  |  |  |  | 24.3 |  |  | 85.8 |
Total Debt, net of Unamortized Debt Issuance Costs |  |  |  |  |  | $ | 1,190.1 |  |  | $ | 1,044.4 |
Balance Sheet Location |  |  |  |  |  |  |  |
Other current liabilities |  | $ | 13.8 |  |  | $ | 19.1 |
Long-term debt |  | 1,176.3 |  |  | 1,025.3 |
|  |  |  |  |  | $ | 1,190.1 |  |  | $ | 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) As of December 31, 2022, 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 Interest Expense, Debt | Interest expense related to the Company’s debt obligations and credit facilities, which is included in “Interest Expense, net” in the Consolidated Statement of Operations, is summarized as follows (in millions):
| Year Ended December 31,
| 2022 |  | 2021 |  | 2020
Short-Term Credit Facilities |  |  |  |  |
U.S. Asset-Based Revolving Credit Facility | $ | 4.3 |  |  | $ | 1.6 |  |  | $ | 5.1 |
Japan ABL Facility (1) | 0.3 |  |  | — |  |  | 0.2 |
Total | $ | 4.6 |  |  | $ | 1.6 |  |  | $ | 5.3 |
Long-Term Debt and Credit Facilities |  |  |  |  |
Japan Term Loan | $ | — |  |  | $ | 0.1 |  |  | $ | 0.1 |
Term Loan B | 31.2 |  |  | 24.1 |  |  | 25.6 |
Topgolf Term Loan | 29.9 |  |  | 21.4 |  |  | — |
Topgolf Revolving Credit Facility | 4.4 |  |  | 6.2 |  |  | — |
Convertible Notes | 7.1 |  |  | 7.1 |  |  | 4.7 |
Equipment Notes | 0.7 |  |  | 0.9 |  |  | 0.5 |
Mortgage Loans | 4.8 |  |  | 4.0 |  |  | — |
Total | $ | 78.1 |  |  | $ | 63.8 |  |  | $ | 30.9 |
(1) Includes interest expense incurred on all revolving credit facilities with the Bank of Tokyo-Mitsubishi UFJ
Schedule of Aggregate Amount of Maturities for Debt | The following table presents the Company’s combined aggregate amount of maturities and minimum principal repayment obligations for the Company’s long-term debt over the next five years and thereafter as of December 31, 2022.
|  | (in millions)
2023 |  | $ | 17.7 |
2024 |  | 126.6 |
2025 |  | 14.4 |
2026 |  | 1,007.8 |
2027 |  | 3.0 |
Thereafter |  | 44.9 |
|  | 1,214.4 |
Less: Unamortized Debt Issuance Costs |  | 24.3 |
Total |  | $ | 1,190.1 |

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