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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets    
Cash and restricted cash ($15,724 and $8,514 attributable to the variable interest entity (VIE)) $ 55,924 $ 34,184
Accounts receivable, net 309,196 215,428
Inventories ($8,591 and $11,958 attributable to the VIE) 364,935 398,368
Prepaid and other assets 99,423 94,838
Total current assets 829,478 742,818
Property, plant and equipment, net ($11,096 and $11,374 attributable to the VIE) 226,085 231,575
Goodwill ($32,312 and $32,312 attributable to the VIE) 209,920 214,056
Intangible assets, net 478,579 480,794
Deferred income taxes 68,404 70,541
Other assets ($2,489 and $2,517 attributable to the VIE) 75,233 77,265
Total assets 1,887,699 1,817,049
Current liabilities    
Short-term debt 174,809 54,123
Current portion of long-term debt 17,500 17,500
Accounts payable ($9,989 and $8,360 attributable to the VIE) 96,013 102,335
Accrued taxes 32,747 36,032
Accrued compensation and benefits ($2,789 and $3,542 attributable to the VIE) 59,335 72,465
Accrued expenses and other liabilities ($3,591 and $4,468 attributable to the VIE) 85,983 76,663
Total current liabilities 466,387 359,118
Long-term debt 326,674 330,701
Deferred income taxes 4,010 4,837
Accrued pension and other postretirement benefits 119,705 118,852
Other noncurrent liabilities ($5,150 and $5,202 attributable to the VIE) 51,813 51,908
Total liabilities 968,589 865,416
Commitments and contingencies (Note 14)
Redeemable noncontrolling interest 546 807
Shareholders' equity    
Common stock, $0.001 par value, 500,000,000 shares authorized; 75,648,553 and 75,619,587 shares issued 76 76
Additional paid-in capital 912,162 910,507
Accumulated other comprehensive loss, net of tax (129,659) (112,028)
Retained earnings 148,181 151,039
Treasury stock, at cost; 1,671,754 shares and 1,183,966 shares (including 299,894 and 56,000 of accrued share repurchases) (Note 9) (45,106) (31,154)
Total equity attributable to Acushnet Holdings Corp. 885,654 918,440
Noncontrolling interests 32,910 32,386
Total shareholders' equity 918,564 950,826
Total liabilities, redeemable noncontrolling interest and shareholders' equity $ 1,887,699 $ 1,817,049