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v3.23.1

Goodwill and Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | Changes in the carrying amount of goodwill by operating and reportable segment are as follows (in millions):
|  | Topgolf |  | Golf Equipment |  | Active Lifestyle |  |  |  | Total
Balance at December 31, 2022 |  | $ | 1,363.6 |  |  | $ | 530.3 |  |  | $ | 89.8 |  |  |  |  |  | $ | 1,983.7 |
Foreign currency translation and other |  | — |  |  | 0.2 |  |  | — |  |  |  |  |  | 0.2 |
Balance at March 31, 2023 |  | $ | 1,363.6 |  |  | $ | 530.5 |  |  | $ | 89.8 |  |  |  |  |  | $ | 1,983.9 |
Intangible Assets by Major Asset Class | Our intangible assets by major asset class are as follows (in millions, except useful life amounts):
| Indefinite-lived: |  | Amortizing: |  |  |  |
| Tradename and Trademarks |  | Liquor Licenses |  | Patents |  | Customer/ Distributor Relationships and Other |  | Developed Technology |  | Total |  |  |  |  |  |  |  |
Useful Life (Years) | NA |  | NA |  | 2-16 |  | 1-10 |  | 10 |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of March 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross | $ | 1,441.0 |  |  | $ | 9.4 |  |  | $ | 32.2 |  |  | $ | 67.4 |  |  | $ | 69.7 |  |  | $ | 1,619.7 |  |  |  |  |  |  |  |  |  |  |  |  |
Accumulated amortization | — |  |  | — |  |  | (31.8) |  |  | (38.3) |  |  | (13.9) |  |  | (84.0) |  |  |  |  |  |  |  |  |  |  |  |  |
Translation and other | (25.7) |  |  | — |  |  | — |  |  | (4.0) |  |  | (3.1) |  |  | (32.8) |  |  |  |  |  |  |  |  |  |  |  |  |
Net book value | $ | 1,415.3 |  |  | $ | 9.4 |  |  | $ | 0.4 |  |  | $ | 25.1 |  |  | $ | 52.7 |  |  | $ | 1,502.9 |  |  |  |  |  |  |  |  |  |  |  |  |
As of December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross | $ | 1,441.0 |  |  | $ | 8.9 |  |  | $ | 32.2 |  |  | $ | 67.4 |  |  | $ | 69.7 |  |  | $ | 1,619.2 |  |  |  |  |  |  |  |  |  |  |  |  |
Accumulated amortization | — |  |  | — |  |  | (31.8) |  |  | (35.8) |  |  | (12.2) |  |  | (79.8) |  |  |  |  |  |  |  |  |  |  |  |  |
Translation and other | (28.3) |  |  | — |  |  | — |  |  | (4.2) |  |  | (3.2) |  |  | (35.7) |  |  |  |  |  |  |  |  |  |  |  |  |
Net book value | $ | 1,412.7 |  |  | $ | 8.9 |  |  | $ | 0.4 |  |  | $ | 27.4 |  |  | $ | 54.3 |  |  | $ | 1,503.7 |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization Expense Related to Intangible Assets | Amortization expense related to intangible assets at March 31, 2023 in each of the next five years and beyond is expected to be incurred as follows (in millions):
Remainder of 2023 | $ | 9.8 |
2024 | 11.2 |
2025 | 11.1 |
2026 | 11.0 |
2027 | 10.7 |
Thereafter | 24.4 |
| $ | 78.2 |

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