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Segment Information (Tables)

9 Months Ended

Sep. 30, 2024

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,
			2024						2023						2024						2023
Net revenues:
Topgolf			$	453.2					$	447.7					$	1,370.4					$	1,322.0
Golf Equipment			293.5						293.4						1,157.2						1,188.1
Active Lifestyle			266.2						299.5						787.3						877.6
Total net revenues			$	1,012.9					$	1,040.6					$	3,314.9					$	3,387.7
Segment operating income:
Topgolf			$	28.3					$	38.9					$	87.3					$	85.7
Golf Equipment			26.8						35.2						186.3						213.2
Active Lifestyle			19.4						40.0						58.8						96.8
Total segment operating income			74.5						114.1						332.4						395.7
Reconciling items(1)			(40.8)						(40.3)						(128.8)						(125.4)
Total operating income			33.7						73.8						203.6						270.3
Interest expense, net			(57.7)						(52.3)						(173.5)						(153.6)
Other income, net			1.0						5.2						10.8						2.4
Total (loss) income before income taxes			$	(23.0)					$	26.7					$	40.9					$	119.1
Additions to property, plant, and equipment:
Topgolf (2)			$	71.2					$	122.0					$	200.9					$	378.5
Golf Equipment			2.7						1.1						6.5						6.6
Active Lifestyle			5.6						4.9						17.9						16.2
Corporate			12.1						10.1						24.6						47.7
Total additions to long-lived assets			$	91.6					$	138.1					$	249.9					$	449.0
(1) Reconciling items include corporate general and administrative expenses not utilized by management in determining segment profitability, including the amortization of acquired intangible assets, other non-recurring costs associated with our debt modifications, restructuring, integration of new IT systems stemming from acquisitions, and cybersecurity costs.
(2) Amounts for the nine months ended September 30, 2024 include property, plant, and equipment in connection with the acquisition of BigShots (see Note 3).

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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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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

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No definition available.

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