Segment Information (Tables)

6 Months Ended

Jun. 30, 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 reclassified to conform with the current period presentation.



	Three Months Ended June 30,					Six Months Ended June 30,
	2017			2016⁽¹⁾		2017			2016⁽¹⁾
Net sales:
Golf Clubs	$	196,291		$	164,451	$	389,882		$	359,512
Golf Balls	48,767			46,996		96,991			88,412
Gear, Accessories and Other	59,490			34,147		126,602			71,723
	$	304,548		$	245,594	$	613,475		$	519,647
Income before income taxes:
Golf Clubs	$	38,445		$	17,973	$	73,398		$	53,414
Golf Balls	10,939			7,534		22,460			18,140
Gear, Accessories and Other	11,877			6,696		21,496			16,158
Reconciling items⁽²⁾	(13,737		)	3,839		(30,744		)	(11,879		)
	$	47,524		$	36,042	$	86,610		$	75,833
Additions to long-lived assets:
Golf Clubs	$	2,817		$	1,260	$	6,612		$	3,969
Golf Balls	2,553			629		5,088			1,572
Gear, Accessories and Other	1,024			316		1,526			497
	$	6,394		$	2,205	$	13,226		$	6,038


(1)	Prior period amounts have been reclassified to conform to the current year presentation as the result of the change in operating segments as of January 1, 2017.

(2)

Reconciling items represent corporate general and administrative expenses and other income (expense) not included by management in determining segment profitability. The change in reconciling items for the three and six months ended June 30, 2017 compared to the same periods in 2016 was primarily due to a $17,662,000 gain recognized in the second quarter of 2016 in connection with the sale of approximately 10% of the Company's investment in Topgolf. For further information see Note 8 "Investments."



	June 30, 2017		December 31, 2016⁽¹⁾
Total Assets:⁽²⁾
Golf Clubs	$	257,247	$	277,469
Golf Balls	43,265		42,460
Gear, Accessories and Other	103,790		38,270
Reconciling items	450,862		443,083
	$	855,164	$	801,282
Goodwill:
Golf Clubs	$	26,365	$	25,593
Golf Balls	—		—
Gear, Accessories and Other	5,543		—
	$	31,908	$	25,593


(1)	Prior period amounts have been reclassified to conform to the current year presentation as the result of the change in operating segments as of January 1, 2017.


(2)	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.