
	Topgolf		Golf Equipment		Active Lifestyle		Total
Balance at December 31, 2022	$	1,363.6	$	530.3	$	89.8		$	1,983.7

Foreign currency translation and other	—		(0.1)		—			(0.1)
Balance at September 30, 2023	$	1,363.6	$	530.2	$	89.8		$	1,983.6

Goodwill is net of accumulated impairment losses of $148.4 million, which were recorded prior to December 31, 2022 in the Active Lifestyle segment.


	Indefinite-lived:				Amortizing:
	Tradename and Trademarks		Liquor Licenses		Patents		Customer/ Distributor Relationships and Other		Developed Technology		Total
Useful Life (Years)	NA		NA		2-16		1-10		10
As of September 30, 2023
Gross	$	1,441.0	$	9.5	$	32.2	$	70.2	$	69.7	$	1,622.6
Accumulated amortization	—		—		(31.8)		(41.9)		(17.3)		(91.0)
Foreign currency translation and other	(30.7)		—		—		(4.4)		(3.4)		(38.5)
Net book value	$	1,410.3	$	9.5	$	0.4	$	23.9	$	49.0	$	1,493.1

As of December 31, 2022
Gross	$	1,441.0	$	8.9	$	32.2	$	67.4	$	69.7	$	1,619.2
Accumulated amortization	—		—		(31.8)		(35.8)		(12.2)		(79.8)
Foreign currency translation and other	(28.3)		—		—		(4.2)		(3.2)		(35.7)
Net book value	$	1,412.7	$	8.9	$	0.4	$	27.4	$	54.3	$	1,503.7

For the three months ended September 30, 2023 and 2022, we recognized amortization expense related to acquired intangible assets of $2.8 million and $4.3 million, respectively. For the nine months ended September 30, 2023 and 2022, we recognized amortization expense related to acquired intangible assets of $11.2 million and $11.3 million, respectively. Amortization expense is included in selling, general and administrative expenses in the condensed consolidated statements of operations.

Amortization expense related to intangible assets at September 30, 2023 in each of the next five years and beyond is expected to be incurred as follows (in millions):