XML 53 R38.htm IDEA: XBRL DOCUMENT v3.22.4
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 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):
 TopgolfGolf EquipmentActive LifestyleTotal
Balance at December 31, 2020$ $27.0 $29.6 $56.6 
Acquisitions1,340.7 504.6 58.7 1,904.0 
Foreign currency translation— (0.5)— (0.5)
Balance at December 31, 2021$1,340.7 $531.1 $88.3 $1,960.1 
Acquisitions14.3 0.2 1.5 16.0 
Foreign currency translation and other8.6 (1.0)— 7.6 
Balance at December 31, 2022$1,363.6 $530.3 $89.8 $1,983.7 
Intangible Assets by Major Asset Class
The following sets forth the intangible assets by major asset class (in millions, except useful life years):
 Useful
Life
(Years)
December 31, 2022
GrossAccumulated AmortizationTranslation AdjustmentNet Book
Value
Indefinite-lived:
Tradename and trademarksNA$1,441.0 $— $(28.3)$1,412.7 
Liquor licensesNA8.9 — — 8.9 
Amortizing:
Patents
2-16
32.2 (31.8)— 0.4 
Customer and distributor relationships and other
1-10
67.4 (35.8)(4.2)27.4 
Developed technology1069.7 (12.2)(3.2)54.3 
Total intangible assets$1,619.2 $(79.8)$(35.7)$1,503.7 
 Useful
Life
(Years)
December 31, 2021
 GrossAccumulated AmortizationTranslation AdjustmentNet Book
Value
Indefinite-lived:
Tradename and trademarksNA$1,441.0 $— $(15.8)$1,425.2 
Liquor licensesNA7.7 — — 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 technology1069.7 (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 December 31, 2022 in each of the next five fiscal years and beyond is expected to be incurred as follows (in millions):
2023$14.0 
202411.1 
202511.1 
202611.0 
202710.7 
Thereafter24.2 
Total$82.1