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Revenue Recognition (Tables)
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue The following table presents our revenue disaggregated by operating and reportable segment and major category for the periods presented (in millions):
Three Months Ended March 31,
20252024
Topgolf:
Venues$380.1 $405.7 
Other business lines13.6 17.1 
Total Topgolf$393.7 $422.8 
Golf Equipment:
Golf clubs$340.0 $345.9 
Golf balls103.7 104.0 
Total Golf Equipment$443.7 $449.9 
Active Lifestyle:
Apparel$152.3 $159.6 
Gear, accessories & other102.6 111.9 
Total Active Lifestyle$254.9 $271.5 
Total Consolidated$1,092.3 $1,144.2 
The following table summarizes our revenue by major geographic region for the periods presented (in millions):
Three Months Ended March 31,
20252024
Revenue by Major Geographic Region:
United States$790.4 $829.0 
Europe130.1 141.4 
Asia128.8 127.6 
Rest of World43.0 46.2 
Total Consolidated$1,092.3 $1,144.2 
The following table summarizes these revenues by operating segment for the periods presented (in millions):
Three Months Ended March 31,
20252024
Topgolf$13.5 $12.7 
Active Lifestyle7.1 6.1 
Total$20.6 $18.8 
Schedule of Reconciliation of Activity Related to Short-term Deferred Revenue
The following table provides a reconciliation of activity related to our short-term deferred revenue balance for the periods presented (in millions):
Three Months Ended March 31,
20252024
Beginning Balance (1)
$96.0 $110.9 
Deferral of revenue139.8 146.0 
Revenue recognized(127.9)(138.7)
Breakage(12.2)(11.4)
Foreign currency translation and other
0.1 (0.1)
Reclassified to current liabilities held for sale(1.3)— 
Ending Balance$94.5 $106.7 
(1) Beginning balances for the three months ended March 31, 2025 and 2024 represent ending balances as of December 31, 2024 and 2023, respectively.
The following table summarizes the amount of the deferred revenue recognized during the three months ended March 31, 2025 and 2024 that were deferred as of December 31, 2024 and 2023, respectively (in millions):
Three Months Ended March 31,
20252024
Deferred revenue recognized from prior year ending balance (excluding breakage)$35.9 $33.4 
Schedule of Reconciliation of Short Term Sales Program Incentives
The following table provides a reconciliation of the activity related to our short-term sales program incentives for the periods presented (in millions):
Three Months Ended March 31,
20252024
Beginning Balance$19.8 $16.5 
Additions 19.2 16.4 
Credits issued (14.3)(10.0)
Reclassified to current assets held for sale(1.9)— 
Foreign currency translation and other
0.2 (0.3)
Ending Balance$23.0 $22.6 
Schedule of Sales Returns and Allowances The following table provides a reconciliation of the activity related to our sales return reserve for the periods presented (in millions):
Three Months Ended March 31,
20252024
Beginning Balance$67.7 $55.9 
Provision62.3 65.6 
Sales returns(40.0)(42.6)
Reclassified as current assets held for sale(5.7)— 
Ending Balance$84.3 $78.9