XML 45 R34.htm IDEA: XBRL DOCUMENT
v3.25.3

Goodwill and Intangible Assets (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
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):
|  |  |  | Golf Equipment |  | Active Lifestyle |  |  |  | Total
Balance at December 31, 2024 |  |  |  | $ | 530.3 |  |  | $ | 89.9 |  |  |  |  |  | $ | 620.2 |
Disposals (1) |  |  |  | — |  |  | (1.5) |  |  |  |  |  | (1.5) |
Foreign currency translation and other |  |  |  | 1.2 |  |  | (0.1) |  |  |  |  |  | 1.1 |
Balance at September 30, 2025 |  |  |  | $ | 531.5 |  |  | $ | 88.3 |  |  |  |  |  | $ | 619.8 |
(1) Represents goodwill associated with the sale of the Jack Wolfskin business completed during the second quarter of 2025 (see Note 3).
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, 2024 | $ | 1,338.7 |  |  | $ | 10.7 |  |  | $ | 32.5 |  |  | $ | 75.4 |  |  | $ | 63.4 |  |  | $ | 1,520.7 |  |  |  |  |  |  |  |  |  |  |  |  |
Acquisitions | 0.4 |  |  | 0.1 |  |  | 0.5 |  |  | — |  |  | — |  |  | 1.0 |  |  |  |  |  |  |  |  |  |  |  |  |
Disposals (1) | (228.4) |  |  | — |  |  | — |  |  | (41.9) |  |  | — |  |  | (270.3) |  |  |  |  |  |  |  |  |  |  |  |  |
Impairment | — |  |  | (0.2) |  |  | — |  |  | — |  |  | — |  |  | (0.2) |  |  |  |  |  |  |  |  |  |  |  |  |
Gross as of September 30, 2025 | $ | 1,110.7 |  |  | $ | 10.6 |  |  | $ | 33.0 |  |  | $ | 33.5 |  |  | $ | 63.4 |  |  | $ | 1,251.2 |  |  |  |  |  |  |  |  |  |  |  |  |
Accumulated amortization | — |  |  | — |  |  | (32.1) |  |  | (50.0) |  |  | (29.9) |  |  | (112.0) |  |  |  |  |  |  |  |  |  |  |  |  |
Disposals (1) | — |  |  | — |  |  | — |  |  | 24.3 |  |  | — |  |  | 24.3 |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency and other | — |  |  | — |  |  | — |  |  | (0.2) |  |  | (1.7) |  |  | (1.9) |  |  |  |  |  |  |  |  |  |  |  |  |
Net book value, September 30, 2025 | $ | 1,110.7 |  |  | $ | 10.6 |  |  | $ | 0.9 |  |  | $ | 7.6 |  |  | $ | 31.8 |  |  | $ | 1,161.6 |  |  |  |  |  |  |  |  |  |  |  |  |
Gross as of December 31, 2024 | $ | 1,338.7 |  |  | $ | 10.7 |  |  | $ | 32.5 |  |  | $ | 75.4 |  |  | $ | 63.4 |  |  | $ | 1,520.7 |  |  |  |  |  |  |  |  |  |  |  |  |
Accumulated amortization | — |  |  | — |  |  | (32.0) |  |  | (48.1) |  |  | (25.5) |  |  | (105.6) |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign currency and other | (34.8) |  |  | — |  |  | — |  |  | (4.5) |  |  | (3.2) |  |  | (42.5) |  |  |  |  |  |  |  |  |  |  |  |  |
Net book value, December 31, 2024 | $ | 1,303.9 |  |  | $ | 10.7 |  |  | $ | 0.5 |  |  | $ | 22.8 |  |  | $ | 34.7 |  |  | $ | 1,372.6 |  |  |  |  |  |  |  |  |  |  |  |  |
(1) Represents intangible asset amounts disposed of in connection with the sale of the Jack Wolfskin business which was completed during the second quarter of 2025 (see Note 3). |  |  |  |  |  |  |  |  |  |  |  |
Schedule of Amortization Expense Related to Intangible Assets | As of September 30, 2025, intangible asset amortization expense is expected to be incurred for the periods presented as follows (in millions):
Remainder of 2025 | $ | 1.8 |
2026 | 7.2 |
2027 | 6.8 |
2028 | 6.6 |
2029 | 6.5 |
Thereafter | 10.0 |
Total | $ | 38.9 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 24 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482548/350-20-55-24 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1 Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 1A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482573/350-20-50-2 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_ScheduleOfIntangibleAssetsAndGoodwillTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Name Accounting Standards Codification -Section 55 -Paragraph 40 -SubTopic 30 -Topic 350 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
Name: | us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration