Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2024

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, 2023	$	1,368.0	$	530.7	$	90.0	$	1,988.7
Acquisitions	4.3		—		—		4.3
Foreign currency translation and other	—		(0.2)		(0.1)		(0.3)
Balance at March 31, 2024	$	1,372.3	$	530.5	$	89.9	$	1,992.7

Intangible Assets by Major Asset Class

Intangible assets by major asset class are as follows (in millions, except useful life amounts):

	Indefinite-lived:				Amortizing:
	Trade names and Trademarks		Liquor Licenses		Patents		Customer/ Distributor Relationships and Other		Developed Technology		Total
Useful Life (Years)	NA		NA		2-16		1-10		10
Gross as of December 31, 2023	$	1,443.8	$	9.5	$	32.3	$	72.1	$	69.7	$	1,627.4
Acquisitions	3.1		0.2		0.1		0.5		—		3.9
Gross as of March 31, 2024	$	1,446.9	$	9.7	$	32.4	$	72.6	$	69.7	$	1,631.3
Accumulated amortization	—		—		(32.0)		(44.3)		(20.6)		(96.9)
Foreign currency and other	(26.7)		—		—		(3.9)		(3.0)		(33.6)
Net book value, March 31, 2024	$	1,420.2	$	9.7	$	0.4	$	24.4	$	46.1	$	1,500.8
Gross as of December 31, 2022	$	1,441.0	$	8.9	$	32.2	$	67.4	$	69.7	$	1,619.2
Acquisitions	2.8		0.6		0.1		4.7		—		8.2
Gross as of December 31, 2023	$	1,443.8	$	9.5	$	32.3	$	72.1	$	69.7	$	1,627.4
Accumulated amortization	—		—		(31.9)		(43.1)		(18.9)		(93.9)
Foreign currency and other	(22.0)		—		—		(3.5)		(2.5)		(28.0)
Net book value, December 31, 2023	$	1,421.8	$	9.5	$	0.4	$	25.5	$	48.3	$	1,505.5

Amortization Expense Related to Intangible Assets

As of March 31, 2024, intangible asset amortization expense is expected to be incurred for the periods presented as follows (in millions):

Remainder of 2024	$	8.5
2025	11.4
2026	11.4
2027	11.1
2028	10.1
Thereafter	18.4
Total	$	70.9