v3.25.4
Segment Information (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Information Utilized by Management to Evaluate its Operating Segments
The following table contains information utilized by the CODM to evaluate our operating segments for the periods presented (in millions).
Years Ended December 31,
202520242023
Golf Equipment:
Net sales$1,375.1 $1,382.7 $1,388.0 
Less: Cost of sales828.3 833.9 828.6 
Gross profit546.8 548.8 559.4 
Less: Selling, general and administrative expense323.6 313.9 316.6 
Less: Research and development expense53.1 51.2 49.4 
Income before income taxes$170.1 $183.7 $193.4 
Apparel, Gear and Other:
Net sales$685.0 $695.0 $744.7 
Less: Cost of sales361.8 353.9 375.8 
Gross profit323.2 341.1 368.9 
Less: Selling, general and administrative expense223.2 228.8 221.8 
Less: Research and development expense12.2 12.8 12.3 
Income before income taxes$87.8 $99.5 $134.8 
Segment income from continuing operations257.9 283.2 328.2 
Reconciling items:
Non-recurring expenses (1)
(6.0)(8.4)(14.4)
Corporate costs and expenses (2)
(123.8)(121.9)(119.7)
Total Reconciling items:(129.8)(130.3)(134.1)
Total operating income 128.1 152.9 194.1 
Interest expense, net(60.6)(63.0)(70.7)
Other income, net20.1 21.6 6.1 
Total income from continuing operations before income taxes$87.6 $111.5 $129.5 
(1) Includes non-cash amortization of acquired intangible assets and non-recurring expenses primarily consisting of restructuring and reorganization charges, other non-recurring losses and costs associated debt modifications, the integration of new IT systems stemming from acquisitions, and non-recurring costs related to a cybersecurity incident.
(2) Corporate costs and expenses include corporate general and administrative expenses not utilized by management in determining segment profitability. Corporate costs and expenses also includes adjustments for discontinued operations related to indirect costs that were previously allocated to the segment.
Years Ended December 31,
202520242023
Depreciation and amortization:
Golf Equipment$26.5 $25.4 $25.9 
Apparel, Gear and Other19.9 19.1 19.8 
Total depreciation and amortization$46.4 $44.5 $45.7 
Schedule of Revenue and Long Lived Assets by Geographical Areas Long-lived assets are based on location of domicile.
Years Ended December 31,
202520242023
Net Sales:
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 Net Sales$2,060.1 $2,077.7 $2,132.7 

December 31, 2025December 31, 2024
Long-Lived Assets
United States$136.4 $156.7 
Europe4.2 3.0 
Asia12.9 11.0 
Rest of World6.0 5.2 
Total Long-Lived Assets$159.5 $175.9