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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income $ 22.4 $ 68.6
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 136.9 131.2
Non-cash interest on financing and deemed landlord financed leases 21.0 18.4
Loss on disposal of long-lived assets 6.9 4.9
Amortization of debt discount and issuance costs 3.0 2.9
Impairment and loss on sale of business line 22.7 6.3
Gain on lease termination incentive (12.0) 0.0
Deferred taxes, net 17.0 (4.9)
Share-based compensation 14.0 20.1
Unrealized net (gains) losses on hedging instruments and foreign currency (17.9) 2.2
Loss on debt modification 0.0 4.7
Other 0.2 1.2
Change in assets and liabilities, net of impacts of business combinations:    
Accounts receivable, net (161.9) (199.1)
Inventories 83.0 129.1
Leasing receivables (3.6) (4.7)
Other assets (33.1) (1.1)
Accounts payable and accrued expenses (47.5) (16.8)
Deferred revenue (8.6) (13.5)
Accrued employee compensation and benefits (0.7) 2.8
Operating lease assets and liabilities, net 5.1 7.6
Income taxes receivable/payable, net (9.1) (13.1)
Other liabilities 3.9 4.6
Net cash provided by operating activities 41.7 151.4
Cash flows from investing activities:    
Capital expenditures (144.3) (149.3)
Proceeds from sale of business line, net of cash retained 286.0 0.0
Business combinations, net of cash acquired 0.0 (23.3)
Investment in golf-related ventures (0.6) (0.3)
Acquisition of intangible assets (0.8) (1.3)
Proceeds from sale of property and equipment 0.0 0.2
Net cash provided by (used in) investing activities 140.3 (174.0)
Cash flows from financing activities:    
Repayments of long-term debt and DLF obligations (17.2) (68.1)
Proceeds (repayments) on credit facilities, net 19.9 (5.4)
Debt issuance costs (0.4) (0.2)
Repayments of financing leases (1.8) (1.9)
Proceeds from lease financing 46.6 54.6
Acquisition of treasury stock (3.3) (31.3)
Net cash provided by (used in) financing activities 43.8 (52.3)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 7.7 (6.8)
Net increase (decrease) in cash, cash equivalents and restricted cash 233.5 (81.7)
Cash, cash equivalents and restricted cash at beginning of period 450.3 398.8
Cash, cash equivalents and restricted cash at end of period 683.8 317.1
Less: restricted cash [1] (0.3) (5.3)
Cash and cash equivalents at end of period 683.5 311.8
Supplemental disclosures:    
Cash paid for income taxes, net 18.1 13.2
Cash paid for interest 91.9 95.5
Non-cash investing and financing activities:    
Issuance of treasury stock and common stock for compensatory stock awards released from restriction 19.5 35.5
Accrued capital expenditures 32.6 32.7
Financed additions of capital expenditures $ 3.2 $ 3.6
[1]
(1) As of June 30, 2025, includes $0.3 million of long-term restricted cash within other assets. As of June 30, 2024, includes $0.7 million of short-term restricted cash and $4.6 million of long-term restricted cash within other assets.