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v3.23.1

Segment Information (Tables) | 3 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | The following table contains information utilized by management to evaluate our operating segments for the interim periods presented (in millions):
|  |  | Three Months Ended March 31,
|  |  |  |  | 2023 |  | 2022
Net revenues: |  |  |  |  |  |  |
Topgolf |  |  |  |  | $ | 403.5 |  |  | $ | 322.0 |
Golf Equipment |  |  |  |  | 443.7 |  |  | 468.0 |
Active Lifestyle |  |  |  |  | 320.2 |  |  | 250.2 |
Total net revenues |  |  |  |  | $ | 1,167.4 |  |  | $ | 1,040.2 |
Segment operating income: |  |  |  |  |  |  |
Topgolf |  |  |  |  | $ | 2.8 |  |  | $ | 6.5 |
Golf Equipment |  |  |  |  | 81.6 |  |  | 100.8 |
Active Lifestyle |  |  |  |  | 37.3 |  |  | 26.7 |
Total segment operating income |  |  |  |  | 121.7 |  |  | 134.0 |
Reconciling items(1) |  |  |  |  | (41.2) |  |  | (39.7) |
Total operating income |  |  |  |  | 80.5 |  |  | 94.3 |
Interest expense, net |  |  |  |  | (49.6) |  |  | (31.4) |
Other income, net |  |  |  |  | (10.1) |  |  | 8.1 |
Total income before income taxes |  |  |  |  | $ | 20.8 |  |  | $ | 71.0 |
Additions to long-lived assets: |  |  |  |  |  |  |
Topgolf |  |  |  |  | $ | 133.2 |  |  | $ | 120.1 |
Golf Equipment |  |  |  |  | 3.4 |  |  | 5.3 |
Active Lifestyle |  |  |  |  | 3.4 |  |  | 3.6 |
Total additions to long-lived assets |  |  |  |  | $ | 140.0 |  |  | $ | 129.0 |
(1) Reconciling items include corporate general and administrative expenses not utilized by management in determining segment profitability as well as the amortization and depreciation of acquired intangible assets and purchase accounting adjustments. The amount for 2023 includes costs associated with the implementation of new IT systems. The amount for 2022 includes costs associated with the implementation of new IT systems, legal and credit agency fees related to a postponed debt refinancing, in addition to charges related to the suspension of the Jack Wolfskin retail business in Russia due to the Russia-Ukraine war.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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