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Goodwill and Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 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 |  | — |  |  | (0.1) |  |  | — |  |  |  |  |  | (0.1) |
Balance at September 30, 2023 |  | $ | 1,363.6 |  |  | $ | 530.2 |  |  | $ | 89.8 |  |  |  |  |  | $ | 1,983.6 |
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 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 |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization Expense Related to Intangible Assets | 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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