CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2011

CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II

CALLAWAY GOLF COMPANY

CONSOLIDATED VALUATION AND QUALIFYING ACCOUNTS

For the Years Ended December 31, 2011, 2010 and 2009

Date	Allowance for Sales Returns			Allowance for Doubtful Accounts
	(In thousands)
Balance, December 31, 2008	$	6,424		$	8,619
Provision		23,607			2,469
Write-off, disposals, costs and other, net		(24,306	)		(1,618	)
Balance, December 31, 2009		5,725			9,470
Provision		29,026			3,091
Write-off, disposals, costs and other, net		(29,796	)		(3,150	)
Balance, December 31, 2010		4,955			9,411
Provision		36,239			2,028
Write-off, disposals, costs and other, net		(34,673	)		(4,176	)
Balance, December 31, 2011	$	6,521		$	7,263