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Restructuring and Separation Costs (Tables) | 6 Months Ended
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Jun. 30, 2025
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring Reserve by Type of Cost | The following table summarizes the restructuring liability that is included in accounts payable and accrued expenses, accrued employee compensation and benefits, and other current liabilities on the condensed consolidated balance sheets as of the periods presented below (in millions):
| Employee termination costs |  | PP&E disposals |  | Legal & other costs |  | Total
Balance at December 31, 2024 | $ | 10.2 |  |  | $ | 0.4 |  |  | $ | 3.2 |  |  | $ | 13.8 |
Payments | (10.2) |  |  | — |  |  | (3.2) |  |  | (13.4) |
Non-cash adjustments | — |  |  | (0.4) |  |  | — |  |  | (0.4) |
Balance at June 30, 2025 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
The following table summarizes the restructuring liability that is included in accounts payable and accrued expenses, accrued employee compensation and benefits, and other current liabilities on the condensed consolidated balance sheets as of the periods presented below (in millions):
| Employee Termination costs |  | PP&E disposals |  | Legal & other costs |  | Total
Balance at December 31, 2024 | $ | 0.6 |  |  | $ | — |  |  | $ | 0.1 |  |  | $ | 0.7 |
Additions | 5.3 |  |  | 6.4 |  |  | 0.1 |  |  | 11.8 |
Payments | (5.6) |  |  | — |  |  | (0.2) |  |  | (5.8) |
Non-cash adjustments | — |  |  | (6.4) |  |  | — |  |  | (6.4) |
Balance at June 30, 2025 | $ | 0.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 0.3 |
Schedule of Costs Related to Restructuring Plan | The following table summarizes costs related to the restructuring plan recognized within selling, general and administrative expenses in the condensed consolidated statement of operations for the periods presented below (in millions):
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2025 |  |  |  | 2025 |  |
Employee termination & severance | $ | 0.9 |  |  |  |  | $ | 5.3 |  |  |
PP&E disposals | 3.1 |  |  |  |  | 6.4 |  |  |
Legal & other | 0.1 |  |  |  |  | 0.1 |  |  |
Total restructuring | $ | 4.1 |  |  |  |  | $ | 11.8 |  |  |
In addition to the restructuring costs noted above, we recognized consulting, legal, accounting and other costs in connection with the planned separation of Topgolf and the sale of the Jack Wolfskin business, respectively, which are primarily included within selling, general and administrative expenses in the condensed consolidated statement of operations.
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in millions) | 2025 |  |  |  | 2025 |  |
Jack Wolfskin | $ | 2.0 |  |  |  |  | $ | 3.1 |  |  |
Topgolf | 4.5 |  |  |  |  | 7.1 |  |  |
Total Separation Costs | $ | 6.5 |  |  |  |  | $ | 10.2 |  |  |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 5.P.3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4.b.2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482017/420-10-50-1 + Details
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