Segment Information (Tables)

3 Months Ended

Mar. 31, 2017

The table below contains information utilized by management to evaluate its operating segments for the interim periods presented (in thousands). Prior period amounts have been restated to conform with the current period presentation.



	Three Months Ended March 31,
	2017			2016
Net sales:
Golf Clubs	$	193,591		$	195,061
Golf Balls	48,224			41,416
Gear, Accessories and Other	67,112			37,576
	$	308,927		$	274,053
Income before income taxes:
Golf Clubs	$	34,953		$	35,441
Golf Balls	11,521			10,606
Gear, Accessories and Other	9,619			9,462
Reconciling items⁽¹⁾	(17,007		)	(15,718		)
	$	39,086		$	39,791
Additions to long-lived assets:
Golf Clubs	$	3,795		$	2,709
Golf Balls	2,536			943
Gear, Accessories and Other	501			181
	$	6,832		$	3,833

(1)

Reconciling items represent corporate general and administrative expenses and other income (expense) not included by management in determining segment profitability. The reconciling items for the three months ended March 31, 2017 include a $1,706,000 increase in corporate general and administrative expenses, driven primarily by accrued employee incentive compensation expense and stock compensation expense, partially offset by a $416,000 decrease in other expense primarily due to an increase in net foreign currency gains period over period.



	March 31, 2017		December 31, 2016
Total Assets:⁽¹⁾
Golf Clubs	$	274,348	$	277,469
Golf Balls	43,960		42,460
Gear, Accessories and Other	91,895		38,270
Reconciling items	469,743		443,083
	$	879,946	$	801,282
Goodwill:
Golf Clubs	$	25,770	$	25,593
Golf Balls	—		—
Gear, Accessories and Other	5,543		—
	$	31,313	$	25,593


(1)	Total assets by reportable segment are comprised of net inventory, certain property, plant and equipment, intangible assets and goodwill. Reconciling items represent unallocated corporate assets not segregated between the three segments including cash and cash equivalents, net accounts receivable, and deferred tax assets.