Segment Information (Tables)

6 Months Ended

Jun. 30, 2020

The tables below contain information utilized by management to evaluate its operating segments for the interim periods presented (in thousands).



	Three Months Ended June 30,						Six Months Ended June 30,
	2020			2019			2020			2019
Net sales:
Golf Equipment	$	209,943		$	292,353		$	501,604		$	615,972
Apparel, Gear and Other	87,053			154,355			237,668			346,933
	$	296,996		$	446,708		$	739,272		$	962,905
Income (loss) before income taxes:
Golf Equipment	$	29,181		$	55,665		$	87,801		$	125,658
Apparel, Gear and Other	(11,711		)	11,314			(15,510		)	34,033
Reconciling items⁽¹⁾	(193,085		)	(30,873		)	(209,861		)	(65,528		)
	$	(175,615	)	$	36,106		$	(137,570	)	$	94,163
Additions to long-lived assets:⁽²⁾
Golf Equipment	$	2,778		$	7,924		$	19,740		$	13,341
Apparel, Gear and Other	3,142			4,289			13,266			8,682
	$	5,920		$	12,213		$	33,006		$	22,023

(1)

Reconciling items represent the deduction of corporate general and administration expenses and other income (expenses), which are not utilized by management in determining segment profitability. The increase in reconciling items for the three and six months ended June 30, 2020 compared to June 30, 2019 was primarily due to the recognition of a $174,269,000 impairment loss related to the Jack Wolfskin trade name and goodwill (see Note 9). This increase was partially offset by the recognition of a net gain of $11,046,000 related to a cash flow hedge that was discontinued during the second quarter of 2020. Reconciling items also include net gains of $1,622,000 and $9,947,000 recognized on hedging contracts for the three and six months ended June 30, 2020, respectively. These increases were partially offset by a decrease in non-recurring charges primarily related to the acquisition of Jack Wolfskin in January 2019 (see Note 5).


(2)	Additions to long-lived assets are comprised of purchases of property, plant and equipment.