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Financing Arrangements (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Our credit facilities and long-term debt obligations are summarized as follows (in millions):
Maturity DateInterest RateDecember 31, 2023December 31, 2022
Short-Term Credit Facilities
U.S. Asset-Based Revolving Credit FacilityMarch 16, 20285.34%$26.3 $181.1 
2022 Japan ABL Credit FacilityJanuary 25, 20250.85%28.4 38.2 
Total Principal Amount$54.7 $219.3 
Unamortized Debt Issuance Costs$4.5 $0.9 
Balance Sheet Location
Asset-based credit facilities$54.7 $219.3 
Prepaid expenses$1.1 $0.6 
Other long-term assets$3.4 $0.3 
Maturity DateInterest RateDecember 31, 2023December 31, 2022
Long-Term Debt and Credit Facilities
2023 Term Loan BMarch 16, 20308.96%$1,240.6 $— 
Convertible NotesMay 1, 20262.75%258.3 258.3 
Equipment NotesAugust 27, 2024 - December 21, 2027
2.36% - 5.93%
19.2 27.8 
Mortgage LoansJuly 1, 2033 - July 29, 2036
9.75% - 11.31%
45.4 45.9 
Financed Tenant ImprovementsFebruary 1, 20358.00%3.3 3.5 
Term Loan B—8.88%— 432.0 
Topgolf Term Loan—10.58%— 336.9 
Topgolf Revolving Credit Facility—8.08%— 110.0 
Total Principal Amount$1,566.8 $1,214.4 
Less: Unamortized Debt Issuance Costs31.5 24.3 
Total Debt, net of Unamortized Debt Issuance Costs$1,535.3 $1,190.1 
Balance Sheet Location
Other current liabilities$17.1 $13.8 
Long-term debt1,518.2 1,176.3 
Total Debt, net of Unamortized Debt Issuance Costs$1,535.3 $1,190.1 
Schedule of Interest Expense, Debt
Total interest and amortization expense related to our credit facilities and long-term debt obligations, which is included in “Interest expense, net” in our consolidated statement of operations, is summarized as follows (in millions):
Year Ended December 31,
202320222021
Short-Term Credit Facilities
U.S. Asset-Based Revolving Credit Facility$7.4 $4.3 $1.6 
2022 Japan ABL Credit Facility0.3 0.3 — 
Total$7.7 $4.6 $1.6 
Long-Term Debt and Credit Facilities
2023 Term Loan B$90.9 $— $— 
Convertible Notes7.1 7.1 7.1 
Equipment Notes0.8 0.7 0.9 
Financed Tenant Improvements0.3 — — 
Mortgage Loans4.7 4.8 4.0 
Term Loan B8.6 31.2 24.1 
Topgolf Term Loan7.8 29.9 21.4 
Topgolf Revolving Credit Facility2.7 4.4 6.2 
Japan Term Loan— — 0.1 
Total$122.9 $78.1 $63.8 
Summary of U.S. Asset-Based Revolving Credit Facility
Our average borrowings, availability, and interest rate under the New ABL Facility were as follows (in millions except interest rates):
Year Ended December 31,
202320222021
Average borrowings$104.9 $101.9 $20.3 
Average availability$354.6 $253.0 $295.3 
Weighted average interest rate5.88 %4.01 %3.04 %
Schedule of Aggregate Amount of Maturities for Debt
The following table presents our combined aggregate amount of maturities for our long-term debt over the next five years and thereafter as of December 31, 2023. Amounts payable under the 2023 Term Loan B below represent minimum principal repayment obligations as of December 31, 2023.
(in millions)
2024$20.8 
202518.6 
2026276.4 
202715.6 
202813.7 
Thereafter1,221.7 
Total aggregate amount of maturities1,566.8 
Less: Unamortized Debt Issuance Costs31.5 
Total aggregate amount of maturities, net of Unamortized Debt Issuance Costs$1,535.3