v3.25.4
Revenue Recognition (Tables)
 12 Months Ended
Dec. 31, 2025
Revenue Recognition [Abstract]  
Schedule of Disaggregation of Revenue The following table presents our sales disaggregated by operating and reportable segment and major category (in millions):
Year Ended December 31,
202520242023
Golf Equipment:
Golf clubs$1,052.9 $1,060.9 $1,073.4 
Golf balls322.2 321.8 314.5 
Total Golf Equipment$1,375.1 $1,382.7 $1,387.9 
Apparel, Gear and Other:
Apparel$398.8 $405.6 $411.7 
Gear, accessories & other286.2 289.4 333.1 
Total Apparel, Gear and Other
$685.0 $695.0 $744.8 
Total Consolidated$2,060.1 $2,077.7 $2,132.7 
The following table summarizes sales by geographical region (in millions):
Year Ended December 31,
202520242023
Sales by Major Geographic Region:
United States$1,363.3 $1,381.1 $1,395.7 
Europe203.8 182.1 173.4 
Asia363.1 379.1 436.6 
Rest of World129.9 135.4 127.0 
Total$2,060.1 $2,077.7 $2,132.7 
The following table summarizes the licensing and royalty income we received, which is recorded as sales, for the periods presented (in millions):
Year Ended December 31,
202520242023
Apparel, Gear and Other$28.8 $27.1 $26.9 
Schedule of Reconciliation of Activity Related to Short-term Deferred Revenue
The following table provides a reconciliation of activity related to our short-term deferred revenue balance for the periods presented (in millions):
Year Ended December 31,
202520242023
Beginning Balance$15.9 $12.7 $10.5 
Deferral of revenue25.2 23.4 18.5 
Revenue recognized(17.4)(19.5)(15.5)
Breakage(2.1)(1.4)(0.8)
Foreign currency translation and other(0.1)0.7 — 
Ending Balance$21.5 $15.9 $12.7 
The following table summarizes the amount of the deferred revenue recognized related to the redemption of gift cards during the periods presented which were included in the deferred revenue balance as of the end of the prior year reporting period (in millions):
Year Ended December 31,
202520242023
Deferred revenue recognized from prior period ending balance (excluding breakage)$3.0 $5.0 $3.2 
Schedule of Reconciliation of Short Term Sales Program Incentives
The following table provides a reconciliation of our short-term sales program incentives activity for the periods presented (in millions):
Year Ended December 31,
202520242023
Sales Program Incentives:
Beginning Balance$18.2 $15.9 $20.1 
Additions44.5 43.4 39.3 
Credits issued(46.9)(39.6)(41.9)
Foreign currency translation and other(0.8)(1.5)(1.6)
Ending Balance$15.0 $18.2 $15.9 
Schedule of Sales Returns and Allowances The following table provides a reconciliation of the activity related to our sales return reserve for the periods presented (in millions):
Year Ended December 31,
202520242023
Sales Return Liability:
Beginning Balance$62.2 $51.6 $50.0 
Provision185.0 178.1 174.4 
Sales returns(183.0)(167.5)(172.8)
Ending Balance$64.2 $62.2 $51.6 
Schedule of Cost Recovery Of Inventory
The following table summarizes the cost recovery of inventory associated with our sales return liability included in other current assets (in millions):
Year Ended December 31,
202520242023
Cost recovery of inventory$30.4 $27.9 $24.2 
Schedule of Accrued Rebate Liability
The following table summarizes the accrued rebate liability associated with our sales program included in accounts payable and accrued expenses (in millions):
Year Ended December 31,
202520242023
Accrued rebate liability$15.0 $14.3 $13.6