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Financing Arrangements (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | Our credit facilities and long-term debt obligations are summarized as follows (in millions):
|  | Maturity Date |  | Interest Rate |  | December 31, 2024 |  | December 31, 2023
Short-Term Credit Facilities |  |  |  |  |  |  |  |
2023 ABL Credit Facility |  | March 16, 2028 |  | 5.68% |  | $ | — |  |  | $ | 26.3 |
2022 Japan ABL Credit Facility |  | January 25, 2025 |  | 1.21% |  | 25.4 |  |  | 28.4 |
Total Principal Amount |  |  |  |  |  | $ | 25.4 |  |  | $ | 54.7 |
Unamortized Debt Issuance Costs |  |  |  |  |  | $ | 3.4 |  |  | $ | 4.5 |
|  | Balance Sheet Location |  |  |  |  |  |
ABL Credit Facilities |  | Asset-based credit facilities |  |  |  | $ | 25.4 |  |  | $ | 54.7 |
Unamortized Debt Issuance Costs - Current |  | Prepaid expenses |  |  |  | $ | 1.1 |  |  | $ | 1.1 |
Unamortized Debt Issuance Costs - Non-current |  | Other long-term assets |  |  |  | $ | 2.3 |  |  | $ | 3.4 |
|  | Maturity Date |  | Interest Rate |  | December 31, 2024 |  | December 31, 2023
Long-Term Debt and Credit Facilities |  |  |  |  |  |
2023 Term Loan B |  | March 16, 2030 |  | 7.36% |  | $ | 1,178.1 |  |  | $ | 1,240.6 |
Convertible Notes |  | May 1, 2026 |  | 2.75% |  | 258.3 |  |  | 258.3 |
Equipment Notes |  | July 24, 2025 - December 21, 2027 |  | 2.36% - 5.93% |  | 11.7 |  |  | 19.2 |
Mortgage Loans |  | July 1, 2033 - July 29, 2036 |  | 9.75% - 11.31% |  | 44.3 |  |  | 45.4 |
Financed Tenant Improvements |  | February 1, 2035 |  | 8.00% |  | 3.1 |  |  | 3.3 |
Total Principal Amount |  |  |  |  |  | $ | 1,495.5 |  |  | $ | 1,566.8 |
Less: Unamortized Debt Issuance Costs |  |  |  | 22.3 |  |  | 31.5 |
Total Debt, net of Unamortized Debt Issuance Costs |  |  |  | $ | 1,473.2 |  |  | $ | 1,535.3 |
|  | Balance Sheet Location |  |  |  |  |  |
Long-Term Debt - Current |  | Other current liabilities |  |  |  | $ | 15.3 |  |  | $ | 17.1 |
Long-Term Debt - Non-current |  | Long-term debt |  |  |  | 1,457.9 |  |  | 1,518.2 |
Total Debt, net of Unamortized Debt Issuance Costs |  |  |  | $ | 1,473.2 |  |  | $ | 1,535.3 |
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,
| 2024 |  | 2023 |  | 2022
Short-Term Credit Facilities |  |  |  |  |
2023 ABL Credit Facility | $ | 1.9 |  |  | $ | 7.4 |  |  | $ | 4.3 |
2022 Japan ABL Credit Facility | 0.3 |  |  | 0.3 |  |  | 0.3 |
Total | $ | 2.2 |  |  | $ | 7.7 |  |  | $ | 4.6 |
Long-Term Debt and Credit Facilities |  |  |  |  |
2023 Term Loan B | $ | 104.9 |  |  | $ | 90.9 |  |  | $ | — |
Convertible Notes | 7.1 |  |  | 7.1 |  |  | 7.1 |
Equipment Notes | 0.6 |  |  | 0.8 |  |  | 0.7 |
Financed Tenant Improvements | 0.3 |  |  | 0.3 |  |  | — |
Mortgage Loans | 4.6 |  |  | 4.7 |  |  | 4.8 |
2019 Term Loan B | — |  |  | 8.6 |  |  | 31.2 |
Topgolf Term Loan | — |  |  | 7.8 |  |  | 29.9 |
Topgolf Revolving Credit Facility | — |  |  | 2.7 |  |  | 4.4 |
Total | $ | 117.5 |  |  | $ | 122.9 |  |  | $ | 78.1 |
Schedule of Borrowings, Availability, Interest Rate and Liquidity for Short-term Credit Facilities | Our average availability and weighted-average interest rate under our 2023 ABL Credit Facility and 2022 Japan ABL Credit Facility, as well as our consolidated available liquidity were as follows for the periods presented (in millions except interest rates):
| Year Ended December 31,
| 2024 |  | 2023 |  |
2023 ABL Credit Facility |  |  |  |  |
Average availability | $ | 410.2 |  |  | $ | 354.6 |  |  |
Weighted-average interest rate | 5.29 | % |  | 5.88 | % |  |
2022 Japan ABL Credit Facility |  |  |  |  |
Average availability | $ | 13.0 |  |  | $ | 6.0 |  |  |
Weighted-average interest rate | 1.01 | % |  | 0.88 | % |  |
Consolidated Available Liquidity | $ | 796.9 |  |  | $ | 742.6 |  |  |
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, 2024.
|  | (in millions)
2025 |  | $ | 18.6 |
2026 |  | 276.4 |
2027 |  | 15.5 |
2028 |  | 13.7 |
2029 |  | 13.9 |
Thereafter |  | 1,157.4 |
Total aggregate amount of maturities |  | 1,495.5 |
Less: Unamortized Debt Issuance Costs |  | 22.3 |
Total aggregate amount of maturities, net of Unamortized Debt Issuance Costs |  | $ | 1,473.2 |

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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(19)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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