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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Jun. 30, 2024
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, 2023 |  | $ | 1,368.0 |  |  | $ | 530.7 |  |  | $ | 90.0 |  |  |  |  |  | $ | 1,988.7 |
Acquisitions |  | 4.3 |  |  | — |  |  | — |  |  |  |  |  | 4.3 |
Foreign currency translation and other |  | — |  |  | (0.3) |  |  | (0.1) |  |  |  |  |  | (0.4) |
Balance at June 30, 2024 |  | $ | 1,372.3 |  |  | $ | 530.4 |  |  | $ | 89.9 |  |  |  |  |  | $ | 1,992.6 |
Schedule of Intangible Assets by Major Asset Class | Intangible assets by major asset class are as follows (in millions, except useful life amounts):
| Indefinite-lived: |  | Amortizing: |  |  |  |
| Trade names and Trademarks |  | Liquor Licenses |  | Patents |  | Customer/ Distributor Relationships and Other |  | Developed Technology |  | Total |  |  |  |  |  |  |  |
Useful Life (Years) | NA |  | NA |  | 2-16 |  | 1-10 |  | 10 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gross as of December 31, 2023 | $ | 1,443.8 |  |  | $ | 9.5 |  |  | $ | 32.3 |  |  | $ | 72.1 |  |  | $ | 69.7 |  |  | $ | 1,627.4 |  |  |  |  |  |  |  |  |  |  |  |  |
Acquisitions | 3.1 |  |  | 1.2 |  |  | 0.1 |  |  | 0.5 |  |  | — |  |  | 4.9 |  |  |  |  |  |  |  |  |  |  |  |  |
Gross as of June 30, 2024 | $ | 1,446.9 |  |  | $ | 10.7 |  |  | $ | 32.4 |  |  | $ | 72.6 |  |  | $ | 69.7 |  |  | $ | 1,632.3 |  |  |  |  |  |  |  |  |  |  |  |  |
Accumulated amortization | — |  |  | — |  |  | (32.0) |  |  | (45.5) |  |  | (22.3) |  |  | (99.8) |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency and other | (28.1) |  |  | — |  |  | 0.1 |  |  | (4.1) |  |  | (2.9) |  |  | (35.0) |  |  |  |  |  |  |  |  |  |  |  |  |
Net book value, June 30, 2024 | $ | 1,418.8 |  |  | $ | 10.7 |  |  | $ | 0.5 |  |  | $ | 23.0 |  |  | $ | 44.5 |  |  | $ | 1,497.5 |  |  |  |  |  |  |  |  |  |  |  |  |
Gross as of December 31, 2023 | $ | 1,443.8 |  |  | $ | 9.5 |  |  | $ | 32.3 |  |  | $ | 72.1 |  |  | $ | 69.7 |  |  | $ | 1,627.4 |  |  |  |  |  |  |  |  |  |  |  |  |
Accumulated amortization | — |  |  | — |  |  | (31.9) |  |  | (43.1) |  |  | (18.9) |  |  | (93.9) |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency and other | (22.0) |  |  | — |  |  | — |  |  | (3.5) |  |  | (2.5) |  |  | (28.0) |  |  |  |  |  |  |  |  |  |  |  |  |
Net book value, December 31, 2023 | $ | 1,421.8 |  |  | $ | 9.5 |  |  | $ | 0.4 |  |  | $ | 25.5 |  |  | $ | 48.3 |  |  | $ | 1,505.5 |  |  |  |  |  |  |  |  |  |  |  |  |
Schedule of Amortization Expense Related to Intangible Assets | As of June 30, 2024, intangible asset amortization expense is expected to be incurred for the periods presented as follows (in millions):
Remainder of 2024 | $ | 6.8 |
2025 | 11.4 |
2026 | 11.4 |
2027 | 10.9 |
2028 | 9.0 |
Thereafter | 18.5 |
Total | $ | 68.0 |

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