XML 107 R96.htm IDEA: XBRL DOCUMENT v3.25.2
Segment Information - Schedule of Information Utilized by Management to Evaluate its Operating Segments (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Total net revenues $ 1,110.5 $ 1,157.8 $ 2,202.8 $ 2,302.0
Other venue expense 336.4 339.4 657.6 662.8
Selling, general and administrative expense 241.8 259.5 499.7 532.5
Research and development expense 19.8 27.0 41.1 50.2
Venue pre-opening costs 1.8 2.8 2.4 6.0
Total operating income 105.8 103.0 172.3 169.9
Interest expense, net (58.7) (57.0) (116.7) (115.8)
Other (expense) income, net (13.0) 6.4 (9.9) 9.8
Segment operating income 34.1 52.4 45.7 63.9
Depreciation and amortization 67.8 65.8 136.9 131.2
Operating segments        
Segment Reporting Information [Line Items]        
Total operating income 152.2 148.2 272.5 257.9
Reconciling items        
Segment Reporting Information [Line Items]        
Unallocated corporate expenses (46.4) (45.2) (100.2) (88.0)
Total operating income 105.8 103.0 172.3 169.9
Interest expense, net (58.7) (57.0) (116.7) (115.8)
Other (expense) income, net (13.0) 6.4 (9.9) 9.8
Segment operating income 34.1 52.4 45.7 63.9
General and administrative expense 32.7 29.3 67.8 69.3
Topgolf        
Segment Reporting Information [Line Items]        
Total net revenues 485.3 494.4 879.0 917.2
Topgolf | Operating segments        
Segment Reporting Information [Line Items]        
Total net revenues 485.3 494.4 879.0 917.2
Cost of services, excluding depreciation and amortization 52.2 53.6 93.3 98.0
Other venue expense 334.8 338.0 654.8 659.6
Selling, general and administrative expense 37.5 39.9 77.4 86.2
Research and development expense 3.6 4.0 7.6 8.4
Venue pre-opening costs 1.8 2.8 2.4 6.0
Segment operating income 55.4 56.1 43.5 59.0
Depreciation and amortization 54.2 52.5 109.2 104.9
Golf Equipment        
Segment Reporting Information [Line Items]        
Total net revenues 411.6 413.8 855.3 863.7
Golf Equipment | Operating segments        
Segment Reporting Information [Line Items]        
Total net revenues 411.6 413.8 855.3 863.7
Cost of products 237.5 239.0 484.5 502.6
Selling, general and administrative expense 85.4 84.7 167.8 175.5
Research and development expense 12.4 12.7 25.1 26.1
Segment operating income 76.3 77.4 177.9 159.5
Depreciation and amortization 5.7 4.7 10.9 9.5
Active Lifestyle        
Segment Reporting Information [Line Items]        
Total net revenues 213.6 249.6 468.5 521.1
Active Lifestyle | Operating segments        
Segment Reporting Information [Line Items]        
Total net revenues 213.6 249.6 468.5 521.1
Cost of products 113.9 132.6 250.4 279.2
Selling, general and administrative expense 75.4 97.0 158.9 191.8
Research and development expense 3.8 5.3 8.1 10.7
Segment operating income 20.5 14.7 51.1 39.4
Depreciation and amortization $ 7.9 $ 8.6 $ 16.8 $ 16.8