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Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Changes in the carrying amount of goodwill by operating and reportable segment are as follows (in millions):

						Golf Equipment						Apparel, Gear and Other						Total
Balance at December 31, 2025						$	531.5					$	88.3					$	619.8
Foreign currency translation and other						(0.3)						—						(0.3)
Balance at June 30, 2026						$	531.2					$	88.3					$	619.5

Intangible assets by major asset class are as follows (in millions, except useful life amounts):

			Indefinite-lived:						Amortizing:
			Trade names and Trademarks						Patents						Customer/ Distributor Relationships and Other						Total
Useful Life (Years)			NA						2-16						1-10
Gross as of December 31, 2025			$	218.8					$	31.9					$	24.2					$	274.9
Disposals			—						—						(0.1)						(0.1)
Gross as of June 30, 2026			$	218.8					$	31.9					$	24.1					$	274.8
Accumulated amortization			—						(31.6)						(21.2)						(52.8)
Foreign currency and other			—						—						(0.1)						(0.1)
Net book value, June 30, 2026			$	218.8					$	0.3					$	2.8					$	221.9
Gross as of December 31, 2025			$	218.8					$	31.9					$	24.2					$	274.9
Accumulated amortization			—						(31.6)						(20.8)						(52.4)
Foreign currency and other			—						—						(0.1)						(0.1)
Net book value, December 31, 2025			$	218.8					$	0.3					$	3.3					$	222.4

We recognized $0.2 million of amortization expense related to acquired intangible assets for each of the three months ended June 30, 2026 and 2025, which is primarily recorded in selling, general and administrative expenses in the condensed consolidated statements of operations. We recognized $0.4 million of amortization expense related to acquired intangible assets for each of the six months ended June 30, 2026 and 2025, which is primarily recorded in selling, general and administrative expenses in the condensed consolidated statements of operations.

As of June 30, 2026, intangible asset amortization expense is expected to be incurred for the periods presented as follows (in millions):

Remainder of 2026			$	0.5
2027			0.6
2028			0.3
2029			0.3
Total			$	1.7

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- References

No definition available.

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- Definition

The entire disclosure for intangible asset and goodwill. Includes, but is not limited to, finite- and indefinite-lived intangible assets, capitalized cost for internal-use software and software to be sold, leased, or marketed.

+ 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

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