XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash, cash equivalents and restricted cash ($13,013 and $12,532 attributable to the variable interest entity ("VIE")) $ 80,286 $ 65,435
Accounts receivable, net 411,565 201,352
Inventories ($3,714 and $9,621 attributable to the VIE) 482,605 615,535
Prepaid and other assets 119,068 114,370
Total current assets 1,093,524 996,692
Property, plant and equipment, net ($8,508 and $9,044 attributable to the VIE) 299,740 295,343
Goodwill ($32,312 and $32,312 attributable to the VIE) 221,836 225,302
Intangible assets, net 530,187 537,407
Deferred income taxes 24,587 31,454
Other assets ($1,924 and $1,972 attributable to the VIE) 104,284 110,479
Total assets 2,274,158 2,196,677
Current liabilities    
Short-term debt 23,146 28,997
Current portion of long-term debt 713 351
Accounts payable ($2,837 and $6,059 attributable to the VIE) 156,971 150,514
Accrued taxes 45,248 46,398
Accrued compensation and benefits ($480 and $1,233 attributable to the VIE) 87,513 111,136
Accrued expenses and other liabilities ($3,772 and $1,687 attributable to the VIE) 165,596 113,739
Total current liabilities 479,187 451,135
Long-term debt 728,129 671,819
Deferred income taxes 7,323 7,080
Accrued pension and other postretirement benefits 70,983 69,634
Other noncurrent liabilities 79,612 84,137
Total liabilities 1,365,234 1,283,805
Commitments and contingencies (Note 15)
Redeemable noncontrolling interests 10,215 9,785
Shareholders' equity    
Common stock, $0.001 par value, 500,000,000 shares authorized; 62,728,903 and 63,429,243 shares issued 63 63
Additional paid-in capital 792,559 808,615
Accumulated other comprehensive loss, net of tax (123,038) (104,349)
Retained earnings 231,608 159,906
Treasury stock, at cost; (587,520 of accrued share repurchases) (Note 10) (37,499) 0
Total equity attributable to Acushnet Holdings Corp. 863,693 864,235
Noncontrolling interests 35,016 38,852
Total shareholders' equity 898,709 903,087
Total liabilities, redeemable noncontrolling interests and shareholders' equity $ 2,274,158 $ 2,196,677