Financing Arrangements (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The Company’s debt obligations are summarized as follows (in millions, except percentages):

	Maturity Date	Interest Rate	December 31, 2022		December 31, 2021
Short-Term Credit Facilities
U.S. Asset-Based Revolving Credit Facility(1)	May 17, 2024	5.65%	$	181.1	$	9.1
Japan ABL Facility(2)	January 21, 2025	0.87%	38.2		—
Total Principal Amount			$	219.3	$	9.1
Unamortized Debt Issuance Costs			$	0.9	$	0.9
Balance Sheet Location
Asset-based credit facilities			$	219.3	$	9.1
Prepaid expenses			$	0.6	$	0.9
Other long-term assets			$	0.3	$	—
	Maturity Date	Interest Rate	December 31, 2022		December 31, 2021
Long-Term Debt and Credit Facilities
Japan Term Loan	July 31, 2025	0.85%	$	—	$	13.0
Term Loan B(3)	January 4, 2026	8.88%	432.0		436.8
Topgolf Term Loan	February 8, 2026	10.58%	336.9		340.4
Topgolf Revolving Credit Facility	February 8, 2024	8.08%	110.0		—
Convertible Notes	May 1, 2026	2.75%	258.3		258.8
Equipment Notes	July 24, 2023 - December 27, 2027	2.36% - 5.93%	27.8		31.1
Mortgage Loans	July 1, 2033 - July 29, 2036	9.75% - 11.31%	45.9		46.4
Financed Tenant Improvements	February 1, 2035	8.00%	3.5		3.7
Total Principal Amount			$	1,214.4	$	1,130.2
Less: Unamortized Debt Issuance Costs			24.3		85.8
Total Debt, net of Unamortized Debt Issuance Costs			$	1,190.1	$	1,044.4
Balance Sheet Location
Other current liabilities			$	13.8	$	19.1
Long-term debt			1,176.3		1,025.3
			$	1,190.1	$	1,044.4
(1) Interest rate fluctuates depending on the Company’s availability ratio.
(2) Subject to an effective interest rate equal to the Tokyo Interbank Offered Rate plus 0.80%.
(3) As of December 31, 2022, subject to an interest rate per annum equal to either, at the Company’s option, the London Interbank Offered Rate (“LIBOR”) or the base rate, plus 4.50% or 3.50%, respectively.

Schedule Of Interest Expense, Debt

Interest expense related to the Company’s debt obligations and credit facilities, which is included in “Interest Expense, net” in the Consolidated Statement of Operations, is summarized as follows (in millions):

	Year Ended December 31,
	2022		2021		2020
Short-Term Credit Facilities
U.S. Asset-Based Revolving Credit Facility	$	4.3	$	1.6	$	5.1
Japan ABL Facility (1)	0.3		—		0.2
Total	$	4.6	$	1.6	$	5.3
Long-Term Debt and Credit Facilities
Japan Term Loan	$	—	$	0.1	$	0.1
Term Loan B	31.2		24.1		25.6
Topgolf Term Loan	29.9		21.4		—
Topgolf Revolving Credit Facility	4.4		6.2		—
Convertible Notes	7.1		7.1		4.7
Equipment Notes	0.7		0.9		0.5
Mortgage Loans	4.8		4.0		—
Total	$	78.1	$	63.8	$	30.9
(1) Includes interest expense incurred on all revolving credit facilities with the Bank of Tokyo-Mitsubishi UFJ

Schedule of Aggregate Amount of Maturities for Debt

The following table presents the Company’s combined aggregate amount of maturities and minimum principal repayment obligations for the Company’s long-term debt over the next five years and thereafter as of December 31, 2022.

	(in millions)
2023	$	17.7
2024	126.6
2025	14.4
2026	1,007.8
2027	3.0
Thereafter	44.9
	1,214.4
Less: Unamortized Debt Issuance Costs	24.3
Total	$	1,190.1