CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 43,023	$ 55,043
Accounts receivable, net	115,673	144,643
Inventories	233,070	268,591
Deferred taxes, net	4,029	23,514
Income taxes receivable	3,654	10,235
Other current assets	19,880	41,703
Total current assets	419,329	543,729
Property, plant and equipment, net	117,147	129,601
Intangible assets, net	121,935	131,327
Goodwill	29,203	30,630
Deferred taxes, net	1,386	3,786
Other assets	38,112	36,939
Assets, Total	727,112	876,012
Current liabilities:
Accounts payable and accrued expenses	129,193	139,312
Accrued employee compensation and benefits	23,785	26,456
Accrued warranty expense	8,140	8,427
Deferred taxes	4,108	27
Income tax liability	2,558	944
Total current liabilities	167,784	175,166
Long-term liabilities:
Income taxes payable	8,115	8,554
Deferred taxes, net	31,429	1,376
Long-term incentive compensation and other	6,970	4,037
Commitments and contingencies (Note 17)
Shareholders' equity:
Preferred stock, $.01 par value, 3,000,000 shares authorized, 1,400,000 shares issued and outstanding at December 31, 2011 and 2010, respectively	14	14
Common stock, $.01 par value, 240,000,000 shares authorized, 66,340,695 shares and 66,317,049 shares issued at December 31, 2011 and 2010, respectively	663	663
Additional paid-in capital	265,067	264,235
Retained earnings	247,941	432,977
Accumulated other comprehensive income	14,071	13,564
Less: Grantor Stock Trust held at market value, 0 shares and 291,341 shares at December 31, 2011 and 2010, respectively		(2,351)
Less: Common stock held in treasury, at cost, 1,453,819 shares and 1,910,646 shares at December 31, 2011 and 2010, respectively	(17,800)	(24,835)
Total Callaway Golf Company shareholders' equity	509,956	684,267
Non-controlling interest in consolidated entity (Note 6)	2,858	2,612
Total shareholders' equity	512,814	686,879	[1]
Total liabilities and shareholders' equity	$ 727,112	$ 876,012

[1] As corrected for the deferred tax adjustment discussed in Note 16.