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CONSOLIDATED CONDENSED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current assets:    
Cash and cash equivalents $ 26,714 $ 37,635
Accounts receivable, net 220,401 109,848
Inventories 171,396 207,229
Deferred taxes, net 5,254 5,081
Income taxes receivable 484 928
Other current assets 22,533 23,312
Total current assets 446,782 384,033
Property, plant and equipment, net 54,701 58,093
Intangible assets, net 88,808 88,833
Goodwill 27,210 27,821
Deferred taxes, net 2,265 2,346
Investment in golf-related ventures (Note 6) 52,376 50,677
Other assets 10,414 13,008
Total assets 682,556 624,811
Current liabilities:    
Accounts payable and accrued expenses 112,064 123,251
Accrued employee compensation and benefits 27,259 37,386
Asset-based credit facilities 42,599 15,235
Accrued warranty expense 6,447 5,607
Income tax liability 1,913 2,623
Deferred taxes, net 25 26
Total current liabilities 190,307 184,128
Long-term liabilities:    
Income tax payable 3,398 3,867
Deferred taxes, net 35,385 35,043
Convertible notes, net (Note 2) 108,969 108,574
Long-term incentive compensation and other $ 1,157 $ 1,665
Commitments and contingencies (Note 9)    
Shareholders’ equity:    
Preferred stock, $0.01 par value, 3,000,000 shares authorized, none issued and outstanding at June 30, 2015 and December 31, 2014 $ 0 $ 0
Common stock, $0.01 par value, 240,000,000 shares authorized, 78,596,310 and 78,373,598 shares issued at June 30, 2015 and December 31, 2014, respectively 786 784
Additional paid-in capital 208,755 210,057
Retained earnings 136,944 89,932
Accumulated other comprehensive loss (3,038) (796)
Less: Common stock held in treasury, at cost, 11,312 and 779,681 shares at June 30, 2015 and December 31, 2014, respectively (107) (8,443)
Total shareholders’ equity 343,340 291,534
Total liabilities and shareholders’ equity $ 682,556 $ 624,811