Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 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		Active Lifestyle		Total
Balance at December 31, 2021	$	1,340.7	$	531.1	$	88.3	$	1,960.1
Additions	14.3		0.2		—		14.5
Foreign currency translation and other	8.6		(1.8)		—		6.8
Balance at September 30, 2022	$	1,363.6	$	529.5	$	88.3	$	1,981.4

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)	September 30, 2022
		Gross		Accumulated Amortization		Translation Adjustment		Net Book Value
Indefinite-lived:
Trade name, trademark, trade dress and other	—	$	1,441.0	$	—	$	(45.1)	$	1,395.9
Liquor licenses	—	8.4		—		—		8.4
Amortizing:
Patents	2-16	32.1		(31.8)		—		0.3
Customer and distributor relationships and other	1-10	67.4		(33.6)		(6.4)		27.4
Developed technology	10	69.7		(10.5)		(4.5)		54.7
Total intangible assets		$	1,618.6	$	(75.9)	$	(56.0)	$	1,486.7

	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

Amortization expense related to intangible assets at September 30, 2022 in each of the next five fiscal years and beyond is expected to be incurred as follows (in millions):

Remainder of 2022	$	4.0
2023	13.6
2024	11.0
2025	11.0
2026	10.9
Thereafter	31.9
	$	82.4