Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

Segment Reporting [Abstract]

Schedule of information by reportable segment and a reconciliation to reported amounts

Information by reportable segment and a reconciliation to reported amounts are as follows:

	Three months ended June 30,				Six months ended June 30,
(in thousands)	2020		2019		2020		2019
Net sales
Titleist golf balls	$	102,139	$	173,305	$	218,378	$	314,972
Titleist golf clubs	72,396		107,010		165,610		198,328
Titleist golf gear	32,369		46,837		75,894		92,018
FootJoy golf wear	68,336		114,095		198,723		255,076
Other	24,762		20,971		50,138		35,526
Total net sales	$	300,002	$	462,218	$	708,743	$	895,920
Segment operating income (loss)
Titleist golf balls	$	10,048	$	37,972	$	13,291	$	57,700
Titleist golf clubs	(2,361)		6,865		2,142		6,460
Titleist golf gear	4,659		9,066		13,524		18,217
FootJoy golf wear	(1,855)		4,156		12,442		24,300
Other	2,667		5,147		3,747		8,587
Total segment operating income	13,158		63,206		45,146		115,264
Reconciling items:
Interest expense, net	(4,402)		(5,213)		(8,525)		(10,096)
Restructuring charges	(1,104)		—		(12,732)		—
Non-service cost component of net periodic benefit cost	(4,698)		(1,254)		(5,205)		(992)
Transaction fees	—		(1,947)		—		(1,947)
Other	201		349		1,086		1,226
Total income before income tax	$	3,155	$	55,141	$	19,770	$	103,455

Schedule of net sales by geographical area

Information as to the Company’s operations in different geographical areas is presented below. Net sales are categorized based on the location in which the sale originates.

	Three months ended June 30,				Six months ended June 30,
(in thousands)	2020		2019		2020		2019
United States	$	145,230	$	256,267	$	356,238	$	486,650
EMEA (1)	34,126		60,001		108,797		131,079
Japan	22,142		38,813		59,698		79,548
Korea	65,889		60,410		116,338		109,452
Rest of world	32,615		46,727		67,672		89,191
Total net sales	$	300,002	$	462,218	$	708,743	$	895,920

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(1) Europe, the Middle East and Africa ("EMEA")