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Revenue Recognition (Tables) | 12 Months Ended
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Dec. 31, 2024
Revenue Recognition [Abstract] |
Schedule of Disaggregation of Revenue | The following table presents our revenue disaggregated by operating and reportable segment and major category (in millions):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Topgolf: |  |  |  |  |
Venues | $ | 1,728.3 |  |  | $ | 1,692.6 |  |  | $ | 1,477.1 |
Other business lines | 81.1 |  |  | 68.4 |  |  | 71.9 |
Total Topgolf | $ | 1,809.4 |  |  | $ | 1,761.0 |  |  | $ | 1,549.0 |
Golf Equipment: |  |  |  |  |
Golf clubs | $ | 1,060.9 |  |  | $ | 1,073.5 |  |  | $ | 1,097.1 |
Golf balls | 321.1 |  |  | 314.0 |  |  | 309.5 |
Total Golf Equipment | $ | 1,382.0 |  |  | $ | 1,387.5 |  |  | $ | 1,406.6 |
Active Lifestyle: |  |  |  |  |
Apparel | $ | 676.5 |  |  | $ | 713.2 |  |  | $ | 631.7 |
Gear, accessories & other | 371.4 |  |  | 423.1 |  |  | 408.4 |
Total Active Lifestyle | $ | 1,047.9 |  |  | $ | 1,136.3 |  |  | $ | 1,040.1 |
Total Consolidated | $ | 4,239.3 |  |  | $ | 4,284.8 |  |  | $ | 3,995.7 |
The following table summarizes revenue by geographical region (in millions):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Revenue by Major Geographic Region: |  |  |  |  |
United States | $ | 3,102.5 |  |  | $ | 3,081.4 |  |  | $ | 2,798.0 |
Europe | 511.1 |  |  | 540.6 |  |  | 537.4 |
Asia | 487.6 |  |  | 531.9 |  |  | 545.4 |
Rest of World | 138.1 |  |  | 130.9 |  |  | 114.9 |
Total | $ | 4,239.3 |  |  | $ | 4,284.8 |  |  | $ | 3,995.7 |
The following table summarizes all licensing, royalty and other income revenues by operating and reportable segment (in millions):
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Topgolf |  | $ | 59.6 |  |  | $ | 49.0 |  |  | $ | 50.3 |
Active Lifestyle |  | 27.1 |  |  | 26.9 |  |  | 26.6 |
Total |  | $ | 86.7 |  |  | $ | 75.9 |  |  | $ | 76.9 |
Schedule of Reconciliation of Activity Related to Short-term Deferred Revenue | The following table provides a reconciliation of activity related to our short-term deferred revenue balance for the periods presented (in millions):
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Beginning Balance |  | $ | 110.9 |  |  | $ | 94.9 |  |  | $ | 93.9 |
Deferral of revenue |  | 671.2 |  |  | 694.1 |  |  | 646.4 |
Revenue recognized |  | (647.1) |  |  | (651.7) |  |  | (630.2) |
Breakage |  | (40.2) |  |  | (26.3) |  |  | (19.0) |
Foreign currency translation and other |  | 1.2 |  |  | (0.1) |  |  | 3.8 |
Ending Balance |  | $ | 96.0 |  |  | $ | 110.9 |  |  | $ | 94.9 |
The following table summarizes the amount of the deferred revenue recognized related to the redemption of gift cards during the periods presented which were included in the balance of deferred revenue balances as of the end of the prior year reporting period (in millions):
| Year Ended December 31, |
| 2024 |  | 2023 |  | 2022 |
Deferred revenue recognized from prior period ending balance (excluding breakage) | $ | 74.4 |  |  | $ | 63.7 |  |  | $ | 67.0 |  |
Schedule of Reconciliation of Short Term Sales Program Incentives | The following table provides a reconciliation of our short-term sales program incentives activity for the periods presented (in millions):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Beginning Balance | $ | 16.5 |  |  | $ | 20.8 |  |  | $ | 23.3 |
Additions | 45.1 |  |  | 40.0 |  |  | 35.7 |
Credits issued | (39.7) |  |  | (42.6) |  |  | (32.9) |
Foreign currency translation and other | (2.1) |  |  | (1.7) |  |  | (5.3) |
Ending Balance | $ | 19.8 |  |  | $ | 16.5 |  |  | $ | 20.8 |
Schedule of Sales Returns and Allowances | The following table provides a reconciliation of the activity related to our sales return reserve for the periods presented (in millions):
| Year Ended December 31,
| 2024 |  | 2023 |  | 2022
Beginning Balance | $ | 55.9 |  |  | $ | 55.4 |  |  | $ | 47.4 |
Provision | 180.2 |  |  | 181.9 |  |  | 128.4 |
Sales returns | (168.4) |  |  | (181.4) |  |  | (120.4) |
Ending Balance | $ | 67.7 |  |  | $ | 55.9 |  |  | $ | 55.4 |

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