v3.25.4
Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
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):
 Golf Equipment
Apparel, Gear and Other
Total
Balance at December 31, 2023$531.0 $88.3 $619.3 
Foreign currency translation and other(0.6)— (0.6)
Balance at December 31, 2024$530.4 $88.3 $618.7 
Foreign currency translation and other1.1 — 1.1 
Balance at December 31, 2025$531.5 $88.3 $619.8 
Intangible assets by major asset class for the periods presented in the table below were (in millions, except useful life years):
 Indefinite-lived:Amortizing:
Trade name and TrademarksPatentsCustomer/ Distributor Relationships and OtherTotal
Useful Life (Years)NA
2 - 16
1 - 10
Gross as of December 31, 2024$218.4 $31.6 $24.1 $274.1 
Acquisitions0.4 0.3 0.1 0.8 
Gross as of December 31, 2025$218.8 $31.9 $24.2 $274.9 
Accumulated amortization— (31.6)(20.8)(52.4)
Foreign currency translation and other— — (0.1)(0.1)
Net book value, December 31, 2025$218.8 $0.3 $3.3 $222.4 
Gross as of December 31, 2023$218.4 $31.6 $21.3 $271.3 
Acquisitions— — 2.8 2.8 
Gross as of December 31, 2024$218.4 $31.6 $24.1 $274.1 
Accumulated amortization— (31.6)(19.9)(51.5)
Foreign currency translation and other— — (0.1)(0.1)
Net book value, December 31, 2024$218.4 $— $4.1 $222.5 
We recognized $0.9 million, $0.7 million and $3.4 million of amortization expense related to acquired intangible assets for the years ended December 31, 2025, 2024 and 2023, respectively, which is primarily recorded in selling, general and administrative expenses in the consolidated statements of operations.
As of December 31, 2025, intangible asset amortization expense is expected to be incurred for the periods presented as follows (in millions):
2026$0.9 
20270.6 
20280.3 
20290.3 
20300.1 
Thereafter— 
Total$2.2