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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 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 September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Net revenues: |  |  |  |  |  |  |
Topgolf | $ | 447.7 |  |  | $ | 413.8 |  |  | $ | 1,322.0 |  |  | $ | 1,139.5 |
Golf Equipment | 293.4 |  |  | 296.7 |  |  | 1,188.1 |  |  | 1,216.6 |
Active Lifestyle | 299.5 |  |  | 278.0 |  |  | 877.6 |  |  | 788.3 |
Total net revenues | $ | 1,040.6 |  |  | $ | 988.5 |  |  | $ | 3,387.7 |  |  | $ | 3,144.4 |
Segment operating income: |  |  |  |  |  |  |
Topgolf | $ | 38.9 |  |  | $ | 23.6 |  |  | $ | 85.7 |  |  | $ | 74.3 |
Golf Equipment | 35.2 |  |  | 49.6 |  |  | 213.2 |  |  | 250.7 |
Active Lifestyle | 40.0 |  |  | 28.1 |  |  | 96.8 |  |  | 77.3 |
Total segment operating income | 114.1 |  |  | 101.3 |  |  | 395.7 |  |  | 402.3 |
Reconciling items(1) | (40.3) |  |  | (33.1) |  |  | (125.4) |  |  | (110.8) |
Total operating income | 73.8 |  |  | 68.2 |  |  | 270.3 |  |  | 291.5 |
Interest expense, net | (52.3) |  |  | (36.4) |  |  | (153.6) |  |  | (100.3) |
Other income, net | 5.2 |  |  | 7.0 |  |  | 2.4 |  |  | 26.9 |
Total income before income taxes | $ | 26.7 |  |  | $ | 38.8 |  |  | $ | 119.1 |  |  | $ | 218.1 |
Additions to property, plant, and equipment: |  |  |  |  |  |  |
Topgolf | $ | 122.0 |  |  | $ | 113.9 |  |  | $ | 378.5 |  |  | $ | 336.4 |
Golf Equipment | 1.1 |  |  | 1.9 |  |  | 6.6 |  |  | 10.7 |
Active Lifestyle | 4.9 |  |  | 6.9 |  |  | 16.2 |  |  | 17.7 |
Corporate | 10.1 |  |  | 8.9 |  |  | 47.7 |  |  | 21.0 |
Total additions to long-lived assets | $ | 138.1 |  |  | $ | 131.6 |  |  | $ | 449.0 |  |  | $ | 385.8 |
(1) Reconciling items include corporate general and administrative expenses not utilized by management in determining segment profitability, including incurred reorganization charges of $2.7 million and $5.8 million during the three and nine months ended September 30, 2023, respectively, to reorganize our IT functions and improve our organizational structure. We expect to incur total charges of approximately $13.0 million in connection with these initiatives, which we expect will be completed by the end of 2023 and are primarily comprised of severance benefits and legal fees. As of September 30, 2023, our total liability in accrued employee costs and benefits related to the reorganization was $2.4 million. Reconciling items in 2023 and 2022 also include the amortization and depreciation of acquired intangible assets, purchase accounting adjustments related to acquisitions and non-recurring costs associated with the integration of new IT systems stemming from acquisitions. In addition, 2022 also includes legal and credit agency fees related to the postponement of our debt refinancing, and charges related to the suspension of our 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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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