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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income (loss) from continuing operations $ 150.7 $ 108.9
Adjustments to reconcile net income (loss) from continuing operations to net cash provided by (used in) operating activities:    
Depreciation and amortization 20.3 22.9
Loss from equity method investments 28.7 0.0
Amortization of debt discount and issuance costs 1.4 3.0
Impairment losses 1.8 0.0
Gain on lease termination incentive 0.0 (12.0)
Deferred taxes, net 47.9 12.0
Share-based compensation 12.4 11.3
Loss from debt extinguishment 9.8 0.0
Loss (gain) on asset disposals, net 0.6 0.1
Unrealized net losses (gains) on hedging instruments and foreign currency 2.0 (6.8)
Gain on investment from golf-related ventures (4.6) 0.0
Other 0.0 0.3
Change in assets and liabilities    
Accounts receivable, net (194.9) (181.2)
Inventories 101.3 75.2
Other assets (12.1) (20.6)
Accounts payable and accrued expenses (70.5) (44.5)
Deferred revenue (5.6) 0.4
Accrued employee compensation and benefits (18.6) 12.4
Lease assets and liabilities, net 0.5 1.1
Income taxes receivable/payable, net 8.3 (4.3)
Other liabilities 1.1 3.5
Net cash provided by (used in) operating activities - continuing operations 80.5 (18.3)
Net cash provided by (used in) operating activities - discontinued operations 0.0 60.0
Net cash provided by (used in) operating activities 80.5 41.7
Cash flows from investing activities:    
Capital expenditures (18.4) (16.1)
Investment in golf-related ventures (0.6) (0.6)
Acquisition of intangible assets 0.0 (0.7)
Distributions from equity method investments 5.6 0.0
Proceeds from sale of business line, net of cash retained 820.1 286.0
Net cash provided by (used in) investing activities - continuing operations 806.7 268.6
Net cash provided by (used in) investing activities - discontinued operations 0.0 (128.3)
Net cash provided by (used in) investing activities 806.7 140.3
Cash flows from financing activities:    
Repayments of long-term debt (1,426.3) (9.2)
Proceeds (repayments) on credit facilities, net 0.0 19.9
Debt issuance costs 0.0 (0.4)
Repayments of financing leases (0.7) (0.1)
Acquisition of treasury stock (84.5) (3.3)
Net cash provided by (used in) financing activities - continuing operations (1,511.5) 6.9
Net cash provided by (used in) financing activities - discontinued operations 0.0 36.9
Net cash provided by (used in) financing activities (1,511.5) 43.8
Effect of exchange rate changes on cash, cash equivalents and restricted cash (0.9) 7.7
Net increase (decrease) in cash, cash equivalents and restricted cash (625.2) 233.5
Cash, cash equivalents and restricted cash at beginning of period 903.5 450.3
Cash, cash equivalents and restricted cash at end of period 278.3 683.8
Less: restricted cash of continuing and discontinued operations at end of period (0.2) (0.3)
Cash and cash equivalents of continuing operations at end of period 278.1 683.5
Supplemental disclosures:    
Cash paid for income taxes, net [1] 9.5 18.1
Cash paid for interest and fees [1] 8.9 91.9
Non-cash investing and financing activities:    
Issuance of treasury stock and common stock for compensatory stock awards released from restriction 16.9 19.5
Accrued capital expenditures 0.1 32.6
Financed additions of capital expenditures 0.0 3.2
Distribution receivable from equity method investment $ 0.9 $ 0.0
[1]
(1) For 2026, Supplemental disclosures and Non‑cash investing and financing activities relate solely to continuing operations. For 2025, Supplemental disclosures and Non‑cash investing and financing activities include amounts related to both continuing and discontinued operations. For 2025, $5.8 million of cash paid for income taxes, net, $64.7 million of cash paid for interest and fees, $31.9 million of accrued capital expenditures, and $2.4 million of financed additions of capital expenditures were attributable to discontinued operations.