Goodwill and Intangibles (Tables)

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

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

	Topgolf		Golf Equipment		Apparel, Gear and Other		Total
Balance, December 31, 2021	$	1,340.7	$	531.1	$	88.3	$	1,960.1
Additions	14.3		0.2		—		14.5
Impairments	—		—		—		—
Foreign currency translation	—		(0.2)		—		(0.2)
Balance, March 31, 2022	$	1,355.0	$	531.1	$	88.3	$	1,974.4

Intangible Assets by Major Asset Class

The Company’s intangible assets by major asset class are as follows (in millions, except useful life amounts):

	Useful Life (Years)	March 31, 2022
		Gross		Accumulated Amortization		Translation Adjustment		Net Book Value
Indefinite-lived:
Trade name, trademark, trade dress and other	—	$	1,441.0	$	—	$	(21.5)	$	1,419.5
Liquor licenses	—	7.9		—		—		7.9
Amortizing:
Patents	2-16	32.0		(31.7)		—		0.3
Customer and distributor relationships and other	1-10	61.7		(29.4)		(3.0)		29.3
Developed technology	10	69.7		(7.2)		(1.4)		61.1
Total intangible assets		$	1,612.3	$	(68.3)	$	(25.9)	$	1,518.1

	Useful Life (Years)	December 31, 2021
		Gross		Accumulated Amortization		Translation Adjustment		Net Book Value
Indefinite-lived:
Trade name, trademark, trade dress and other	—	$	1,441.0	$	—	$	(15.8)	$	1,425.2
Liquor licenses	—	7.7		—		—		7.7
Amortizing:
Patents	2-16	32.0		(31.7)		—		0.3
Customer and distributor relationships and other	1-10	61.7		(27.4)		(2.3)		32.0
Developed technology	10	69.7		(5.5)		(0.8)		63.4
Total intangible assets		$	1,612.1	$	(64.6)	$	(18.9)	$	1,528.6

Amortization Expense Related to Intangible Assets

Future amortization expense related to acquired intangible assets held as of March 31, 2022 is expected to be incurred as follows (in millions):

Remainder of 2022	$	9.5
2023	11.6
2024	11.5
2025	11.3
2026	11.2
Thereafter	35.6
	$	90.7