| Goodwill and Intangible Assets |
Goodwill and Intangible Assets Changes in the carrying amount of goodwill by operating and reportable segment are as follows (in millions): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Topgolf | | Golf Equipment | | Active Lifestyle | | | | Total | | Balance at December 31, 2023 | | $ | 1,368.0 | | | $ | 530.7 | | | $ | 90.0 | | | | | | $ | 1,988.7 | | | Acquisitions | | 4.3 | | | — | | | — | | | | | | 4.3 | | | Foreign currency translation and other | | — | | | (0.2) | | | (0.1) | | | | | | (0.3) | | | Balance at March 31, 2024 | | $ | 1,372.3 | | | $ | 530.5 | | | $ | 89.9 | | | | | | $ | 1,992.7 | |
Goodwill is net of accumulated impairment losses of $148.4 million, which were recorded prior to December 31, 2022 in the Active Lifestyle segment. Intangible assets by major asset class are as follows (in millions, except useful life amounts): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Indefinite-lived: | | Amortizing: | | | | | | | Trade names and Trademarks | | Liquor Licenses | | Patents | | Customer/ Distributor Relationships and Other | | Developed Technology | | Total | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Useful Life (Years) | NA | | NA | | 2-16 | | 1-10 | | 10 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gross as of December 31, 2023 | $ | 1,443.8 | | | $ | 9.5 | | | $ | 32.3 | | | $ | 72.1 | | | $ | 69.7 | | | $ | 1,627.4 | | | | | | | | | | | | | | | Acquisitions | 3.1 | | | 0.2 | | | 0.1 | | | 0.5 | | | — | | | 3.9 | | | | | | | | | | | | | | | Gross as of March 31, 2024 | $ | 1,446.9 | | | $ | 9.7 | | | $ | 32.4 | | | $ | 72.6 | | | $ | 69.7 | | | $ | 1,631.3 | | | | | | | | | | | | | | | Accumulated amortization | — | | | — | | | (32.0) | | | (44.3) | | | (20.6) | | | (96.9) | | | | | | | | | | | | | | | Foreign currency and other | (26.7) | | | — | | | — | | | (3.9) | | | (3.0) | | | (33.6) | | | | | | | | | | | | | | | Net book value, March 31, 2024 | $ | 1,420.2 | | | $ | 9.7 | | | $ | 0.4 | | | $ | 24.4 | | | $ | 46.1 | | | $ | 1,500.8 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Gross as of December 31, 2022 | $ | 1,441.0 | | | $ | 8.9 | | | $ | 32.2 | | | $ | 67.4 | | | $ | 69.7 | | | $ | 1,619.2 | | | | | | | | | | | | | | | Acquisitions | 2.8 | | | 0.6 | | | 0.1 | | | 4.7 | | | — | | | 8.2 | | | | | | | | | | | | | | | Gross as of December 31, 2023 | $ | 1,443.8 | | | $ | 9.5 | | | $ | 32.3 | | | $ | 72.1 | | | $ | 69.7 | | | $ | 1,627.4 | | | | | | | | | | | | | | | Accumulated amortization | — | | | — | | | (31.9) | | | (43.1) | | | (18.9) | | | (93.9) | | | | | | | | | | | | | | | Foreign currency and other | (22.0) | | | — | | | — | | | (3.5) | | | (2.5) | | | (28.0) | | | | | | | | | | | | | | | Net book value, December 31, 2023 | $ | 1,421.8 | | | $ | 9.5 | | | $ | 0.4 | | | $ | 25.5 | | | $ | 48.3 | | | $ | 1,505.5 | | | | | | | | | | | | | |
For the three months ended March 31, 2024 and 2023, we recognized amortization expense related to acquired intangible assets of $3.0 million and $4.2 million, respectively, which is included in selling, general and administrative expenses in the condensed consolidated statements of operations. As of March 31, 2024, intangible asset amortization expense is expected to be incurred for the periods presented as follows (in millions): | | | | | | | Remainder of 2024 | $ | 8.5 | | | 2025 | 11.4 | | | 2026 | 11.4 | | | 2027 | 11.1 | | | 2028 | 10.1 | | | Thereafter | 18.4 | | | Total | $ | 70.9 | |
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