Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the carrying amount of goodwill by operating and reportable segment are as follows (in thousands):


	Golf Equipment		Apparel, Gear and Other		Topgolf	Total
Balance at December 31, 2020	$	27,025	$	29,633		$	—	$	56,658
Acquisitions	504,568		58,652			1,412,361		1,975,581
Impairments	—		—			—		—
Foreign currency translation	(182)		—			—		(182)
Balance at March 31, 2021	$	531,411	$	88,285		$	1,412,361	$	2,032,057

Intangible Assets by Major Asset Class

The following sets forth the intangible assets by major asset class (dollars in thousands):


	Useful Life (Years)	March 31, 2021
		Gross(1)		Accumulated Amortization			Translation Adjustment			Net Book Value
Indefinite-lived:
Trade name, trademark, trade dress and other	NA	$	1,441,003		$	—		$	9,088	$	1,431,915
Liquor licenses	NA	7,400			—			—		7,400
Amortizing:
Patents	2-16	32,041			31,590			—		451
Customer and distributor relationships and other	1-10	61,377			21,233			1,345		38,799
Developed technology	1-10	80,000			832			(142)		79,310
Total intangible assets		$	1,621,821		$	53,655		$	10,291	$	1,557,875


	Useful Life (Years)	December 31, 2020
		Gross		Accumulated Amortization			Net Book Value
Indefinite-lived:
Trade name, trademark, trade dress and other	NA	$	446,803		$	—		$	446,803

Amortizing:
Patents	2-16	31,581			31,581			—
Customer and distributor relationships and other	1-10	57,309			19,773			37,536

Total intangible assets		$	535,693		$	51,354		$	484,339

(1) The gross balance of intangible assets as of March 31, 2021 includes additions of $1,001,600,000 and $84,528,000 in indefinite-lived and amortizing intangible assets, respectively, related to the Topgolf merger in March 2021.

Amortization Expense Related to Intangible Assets

Amortization expense related to intangible assets at March 31, 2021 in each of the next five fiscal years and beyond is expected to be incurred as follows (in thousands):


Remainder of 2021	$	13,704
2022	14,332
2023	12,517
2024	12,517
2025	12,427
Thereafter	53,063
	$	118,560