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Goodwill and Intangible Assets | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets 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 |  | — |  |  | (0.1) |  |  | — |  |  |  |  |  | (0.1) |
Balance at September 30, 2023 |  | $ | 1,363.6 |  |  | $ | 530.2 |  |  | $ | 89.8 |  |  |  |  |  | $ | 1,983.6 |
Goodwill is net of accumulated impairment losses of $148.4 million, which were recorded prior to December 31, 2022 in the Active Lifestyle segment. 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 September 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross | $ | 1,441.0 |  |  | $ | 9.5 |  |  | $ | 32.2 |  |  | $ | 70.2 |  |  | $ | 69.7 |  |  | $ | 1,622.6 |  |  |  |  |  |  |  |  |  |  |  |  |
Accumulated amortization | — |  |  | — |  |  | (31.8) |  |  | (41.9) |  |  | (17.3) |  |  | (91.0) |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency translation and other | (30.7) |  |  | — |  |  | — |  |  | (4.4) |  |  | (3.4) |  |  | (38.5) |  |  |  |  |  |  |  |  |  |  |  |  |
Net book value | $ | 1,410.3 |  |  | $ | 9.5 |  |  | $ | 0.4 |  |  | $ | 23.9 |  |  | $ | 49.0 |  |  | $ | 1,493.1 |  |  |  |  |  |  |  |  |  |  |  |  |
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) |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency 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 |  |  |  |  |  |  |  |  |  |  |  |  |
For the three months ended September 30, 2023 and 2022, we recognized amortization expense related to acquired intangible assets of $2.8 million and $4.3 million, respectively. For the nine months ended September 30, 2023 and 2022, we recognized amortization expense related to acquired intangible assets of $11.2 million and $11.3 million, respectively. Amortization expense is included in selling, general and administrative expenses in the condensed consolidated statements of operations. Amortization expense related to intangible assets at September 30, 2023 in each of the next five years and beyond is expected to be incurred as follows (in millions):
Remainder of 2023 | $ | 2.8 |
2024 | 11.4 |
2025 | 11.3 |
2026 | 11.3 |
2027 | 10.9 |
Thereafter | 25.6 |
| $ | 73.3 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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