Acushnet (GOLF) 10-K 29 Feb 24 2023 FY Annual report Financial data

Cover

Cover - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2023	Feb. 23, 2024	Jun. 30, 2023
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-37935
Entity Registrant Name	Acushnet Holdings Corp.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	45-2644353
Entity Address, Address Line One	333 Bridge Street
Entity Address, City or Town	Fairhaven,
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02719
City Area Code	800
Local Phone Number	225-8500
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	GOLF
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 1.7
Entity Common Stock, Shares Outstanding		63,494,735
Documents Incorporated by Reference	Portions of the definitive proxy statement to be filed with the Securities and Exchange Commission pursuant to Regulation 14A relating to the Registrant’s Annual General Meeting of Shareholders, to be held on June 3, 2024, will be incorporated by reference in this Form 10-K in response to Items 10, 11, 12, 13 and 14 of Part III. The definitive proxy statement will be filed with the SEC not later than 120 days after the registrant’s fiscal year ended December 31, 2023.
Entity Central Index Key	0001672013
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2023
Audit Information [Abstract]
Auditor Firm ID	238
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	Boston, Massachusetts

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash, cash equivalents and restricted cash ($12,532 and $14,376 attributable to the variable interest entity ("VIE"))	$ 65,435	$ 58,904
Accounts receivable, net	201,352	216,695
Inventories ($9,621 and $17,866 attributable to the VIE)	615,535	674,684
Prepaid and other assets	114,370	108,793
Total current assets	996,692	1,059,076
Property, plant and equipment, net ($9,044 and $10,089 attributable to the VIE)	295,343	254,472
Goodwill ($32,312 and $32,312 attributable to the VIE)	225,302	224,814
Intangible assets, net	537,407	525,903
Deferred income taxes	31,454	47,551
Other assets ($1,972 and $2,083 attributable to the VIE)	110,479	81,991
Total assets	2,196,677	2,193,807
Current liabilities
Short-term debt	28,997	40,336
Current portion of long-term debt	351	0
Accounts payable ($6,059 and $11,914 attributable to the VIE)	150,514	166,998
Accrued taxes	46,398	40,922
Accrued compensation and benefits ($1,233 and $1,651 attributable to the VIE)	111,136	98,245
Accrued expenses and other liabilities ($1,687 and $3,380 attributable to the VIE)	113,739	202,124
Total current liabilities	451,135	548,625
Long-term debt	671,819	527,509
Deferred income taxes	7,080	5,896
Accrued pension and other postretirement benefits	69,634	74,234
Other noncurrent liabilities ($0 and $2,145 attributable to the VIE)	84,137	54,177
Total liabilities	1,283,805	1,210,441
Commitments and contingencies (Note 22)
Redeemable noncontrolling interests	9,785	6,663
Shareholders' equity
Common stock, $0.001 par value, 500,000,000 shares authorized; 63,429,243 and 76,321,523 shares issued	63	76
Additional paid-in capital	808,615	960,685
Accumulated other comprehensive loss, net of tax	(104,349)	(109,668)
Retained earnings	159,906	473,130
Treasury stock, at cost; 8,892,425 shares as of December 31, 2022 (including 2,000,839 of accrued share repurchases) (Note 16)	0	(385,167)
Total equity attributable to Acushnet Holdings Corp.	864,235	939,056
Noncontrolling interests	38,852	37,647
Total shareholders' equity	903,087	976,703
Total liabilities, redeemable noncontrolling interests and shareholders' equity	$ 2,196,677	$ 2,193,807

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Cash, cash equivalents and restricted cash	$ 65,435	$ 58,904
Inventories	615,535	674,684
Property, plant and equipment, net	295,343	254,472
Goodwill	225,302	224,814
Other assets	110,479	81,991
Accounts payable	150,514	166,998
Accrued compensation and benefits	111,136	98,245
Accrued expenses and other liabilities	113,739	202,124
Other noncurrent liabilities	$ 84,137	$ 54,177
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	63,429,243	76,321,523
Treasury stock, at cost (in shares)		8,892,425
Accrued share repurchase (in shares)		2,000,839
VIE
Cash, cash equivalents and restricted cash	$ 12,532	$ 14,376
Inventories	9,621	17,866
Property, plant and equipment, net	9,044	10,089
Goodwill	32,312	32,312
Other assets	1,972	2,083
Accounts payable	6,059	11,914
Accrued compensation and benefits	1,233	1,651
Accrued expenses and other liabilities	1,687	3,380
Other noncurrent liabilities	$ 0	$ 2,145

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Net sales	$ 2,381,995	$ 2,270,336	$ 2,147,930
Cost of goods sold	1,129,484	1,091,103	1,029,493
Gross profit	1,252,511	1,179,233	1,118,437
Operating expenses:
Selling, general and administrative	888,145	833,422	795,422
Research and development	64,839	56,393	55,335
Intangible amortization	14,222	7,885	7,868
Income from operations	285,305	281,533	259,812
Interest expense, net (Note 19)	41,288	13,269	7,709
Other expense, net	2,417	8,829	4,280
Income before income taxes	241,600	259,435	247,823
Income tax expense	42,993	54,351	63,583
Net income	198,607	205,084	184,240
Less:  Net income attributable to noncontrolling interests	(178)	(5,806)	(5,367)
Net income attributable to Acushnet Holdings Corp.	$ 198,429	$ 199,278	$ 178,873
Net income per common share attributable to Acushnet Holdings Corp.:
Basic (in dollars per share)	$ 2.96	$ 2.77	$ 2.40
Diluted (in dollars per share)	$ 2.94	$ 2.75	$ 2.38
Weighted average number of common shares:
Basic (in shares)	67,063,933	71,958,879	74,536,637
Diluted (in shares)	67,517,105	72,560,098	75,265,074

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 198,607	$ 205,084	$ 184,240
Other comprehensive income (loss):
Foreign currency translation adjustments	2,916	(30,940)	(23,009)
Cash flow derivative instruments
Unrealized holding gains arising during period	5,871	10,856	10,049
Reclassification adjustments included in net income	(7,672)	(9,840)	4,991
Tax benefit (expense)	359	(585)	(4,223)
Cash flow derivative instruments, net	(1,442)	431	10,817
Pension and other postretirement benefits
Pension and other postretirement benefits adjustments	5,629	25,473	13,332
Tax expense	(1,306)	(5,050)	(4,540)
Pension and other postretirement benefits adjustments, net	4,323	20,423	8,792
Total other comprehensive income (loss)	5,797	(10,086)	(3,400)
Comprehensive income	204,404	194,998	180,840
Less: Comprehensive income attributable to noncontrolling interests	(656)	(5,775)	(5,310)
Comprehensive income attributable to Acushnet Holdings Corp.	$ 203,748	$ 189,223	$ 175,530

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities
Net income	$ 198,607	$ 205,084	$ 184,240
Adjustments to reconcile net income to cash flows provided by (used in) operating activities
Depreciation and amortization	51,356	41,706	41,243
Unrealized foreign exchange loss (gain)	1,507	13,568	(168)
Amortization of debt issuance costs	927	2,000	1,540
Share-based compensation	29,709	24,083	27,639
Loss (gain) on disposals of property, plant and equipment	99	(3,294)	156
Deferred income taxes	15,413	9,060	12,020
Changes in operating assets and liabilities
Accounts receivable	13,785	(58,893)	16,679
Inventories	58,897	(275,973)	(64,238)
Accounts payable	(12,105)	8,840	48,784
Accrued taxes	6,221	(11,427)	20,339
Other assets and liabilities	7,411	(22,541)	25,888
Cash flows provided by (used in) operating activities	371,827	(67,787)	314,122
Cash flows from investing activities
Additions to property, plant and equipment	(75,364)	(61,364)	(37,597)
Additions to intangible assets (Note 9)	(25,235)	(65,000)	0
Business acquisitions	0	(18,400)	0
Other, net	(887)	4,542	0
Cash flows used in investing activities	(101,486)	(140,222)	(37,597)
Cash flows from financing activities
Proceeds from (repayments of) short-term borrowings, net (Note 11)	0	3,362	(2,704)
Proceeds from credit facilities (Note 11)	1,527,896	976,953	0
Repayments of credit facilities (Note 11)	(1,739,308)	(414,104)	0
Proceeds from senior unsecured notes (Note 11)	350,000	0	0
Repayments of term loan facility (Note 11)	0	(315,000)	(17,500)
Purchases of common stock	(334,088)	(189,111)	(65,497)
Payment of debt issuance costs	(6,328)	(2,583)	0
Dividends paid on common stock	(52,480)	(52,239)	(49,167)
Dividends paid to noncontrolling interests	0	(1,601)	(1,512)
Payment of employee restricted stock tax withholdings	(11,495)	(10,661)	(3,946)
Other, net	1,078	(3,600)	0
Cash flows used in financing activities	(264,725)	(8,584)	(140,326)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	915	(6,180)	(5,974)
Net increase (decrease) in cash, cash equivalents and restricted cash	6,531	(222,773)	130,225
Cash, cash equivalents and restricted cash, beginning of year	58,904	281,677	151,452
Cash, cash equivalents and restricted cash, end of year	65,435	58,904	281,677
Supplemental information
Cash paid for interest	36,391	11,632	6,890
Cash paid for income taxes	33,619	56,413	28,919
Supplemental non-cash information
Purchases of property, plant and equipment, accrued not paid	2,145	4,308	6,567
Additions to right-of-use assets obtained in exchange for operating lease obligations	51,825	28,038	8,691
Additions to right-of-use assets obtained in exchange for finance lease obligations	944	525	950
Additions to treasury stock	1,092	1,648	0
Dividend equivalents rights ("DERs") declared not paid	1,971	1,742	2,046
Contingent considerations (Note 8)	0	1,400	0
Additions to redeemable noncontrolling interests (Note 8)	0	4,600	0
Share repurchase liability (Note 16)	$ 0	$ 92,583	$ 29,214

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Total Shareholders' Equity Attributable to Acushnet Holdings Corp.	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss, net of tax	Retained Earnings	Treasury Stock	Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2020			75,666,000
Beginning balance at Dec. 31, 2020	$ 1,017,253	$ 983,949	$ 76	$ 925,385	$ (96,182)	$ 199,776	$ (45,106)	$ 33,304
Changes in stockholders' equity
Net income	184,464	178,873				178,873		5,591
Other comprehensive (loss) income	(3,360)	(3,400)			(3,400)			40
Share-based compensation	26,984	26,984		26,984
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes (Note17) (in shares)			189,000
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes (Note17)	(3,946)	(3,946)		(3,946)
Purchases of common stock (Note 16)	(56,719)	(56,719)					(56,719)
Share repurchase liability (Note 16)	(29,214)	(29,214)					(29,214)
Dividends and dividend equivalents declared	(50,846)	(50,846)				(50,846)
Dividends declared to noncontrolling interests	(1,512)							(1,512)
Redemption value adjustment (Note 2)	(2,837)	(2,837)				(2,837)
Ending balance (in shares) at Dec. 31, 2021			75,855,000
Ending balance at Dec. 31, 2021	1,080,267	1,042,844	$ 76	948,423	(99,582)	324,966	(131,039)	37,423
Changes in stockholders' equity
Purchase of equity from noncontrolling interest (Note 8)	(4,743)	(838)		(838)				(3,905)
Net income	205,029	199,278				199,278		5,751
Other comprehensive (loss) income	(10,107)	(10,086)			(10,086)			(21)
Share-based compensation	23,426	23,426		23,426
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes (Note17) (in shares)			467,000
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes (Note17)	(10,326)	(10,326)		(10,326)
Purchases of common stock (Note 16)	(161,545)	(161,545)					(161,545)
Share repurchase liability (Note 16)	(92,583)	(92,583)					(92,583)
Dividends and dividend equivalents declared	(53,051)	(53,051)				(53,051)
Dividends declared to noncontrolling interests	(1,601)							(1,601)
Redemption value adjustment (Note 2)	1,937	1,937				1,937
Ending balance (in shares) at Dec. 31, 2022			76,322,000
Ending balance at Dec. 31, 2022	976,703	939,056	$ 76	960,685	(109,668)	473,130	(385,167)	37,647
Changes in stockholders' equity
Sale of equity to redeemable noncontrolling interest	264	264		444		(180)
Net income	199,642	198,429				198,429		1,213
Other comprehensive (loss) income	5,311	5,319			5,319			(8)
Share-based compensation	29,044	29,044		29,044
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes (Note17) (in shares)			485,000
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes (Note17)	(11,394)	(11,394)		(11,394)
Purchases of common stock (Note 16)	(240,948)	(240,948)					(240,948)
Share repurchase liability (Note 16)	0
Treasury share retirement (in shares)			(13,377,991)
Treasury share retirement (Note 16)	0		$ (13)	(170,164)		(455,938)	626,115
Dividends and dividend equivalents declared	(53,335)	(53,335)				(53,335)
Redemption value adjustment (Note 2)	(2,200)	(2,200)				(2,200)
Ending balance (in shares) at Dec. 31, 2023			63,429,000
Ending balance at Dec. 31, 2023	$ 903,087	$ 864,235	$ 63	$ 808,615	$ (104,349)	$ 159,906	$ 0	$ 38,852

Description of Business

Description of Business	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business Acushnet Holdings Corp. (the “Company”), headquartered in Fairhaven, Massachusetts, is the global leader in the design, development, manufacture and distribution of performance-driven golf products. The Company has established positions across all major golf equipment and golf wear categories under its globally recognized brands of Titleist, FootJoy, Scotty Cameron and Vokey Design. Acushnet products are sold primarily to on-course golf pro shops and select off-course golf specialty stores, sporting goods stores and other qualified retailers. The Company sells products primarily in the United States, Europe (primarily the United Kingdom, Germany, France, Sweden and Switzerland), Asia (primarily Japan, Korea, China and Singapore), Canada and Australia. Acushnet manufactures and sources its products principally in the United States, China, Thailand, the United Kingdom and Japan. Acushnet Holdings Corp. was incorporated in Delaware on May 9, 2011 as Alexandria Holdings Corp., an entity owned by Fila Holdings Corp., formerly known as Fila Korea Co., Ltd., (“Fila”), a leading sport and leisure apparel and footwear company which is a public company listed on the Korea Exchange, and a consortium of investors (the “Financial Investors”). Acushnet Holdings Corp. acquired Acushnet Company, its operating subsidiary, from Beam Suntory, Inc. (at the time known as Fortune Brands, Inc.) on July 29, 2011. On November 2, 2016, the Company completed an initial public offering at a public offering price of $17.00 per share. Following the pricing of the initial public offering, Magnus Holdings Co., Ltd. (“Magnus”), a wholly-owned subsidiary of Fila, purchased from the Financial Investors shares of the Company’s common stock, resulting in Magnus holding a controlling ownership interest in the Company’s outstanding common stock.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) and include the accounts of the Company, its wholly-owned subsidiaries and less than wholly-owned subsidiaries, including a variable interest entity (“VIE”) in which the Company is the primary beneficiary. All intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of the Company’s consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and judgments that affect reported amounts of assets and liabilities and related disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates. Variable Interest Entities VIEs are entities that, by design, either (i) lack sufficient equity to permit the entity to finance its activities independently, or (ii) have equity holders that do not have the power to direct the activities of the entity that most significantly impact its economic performance, the obligation to absorb the entity’s expected losses, or the right to receive the entity’s expected residual returns. The Company consolidates a VIE when it is the primary beneficiary, which is the party that has both (i) the power to direct the activities that most significantly impact the VIE’s economic performance and (ii) through its interests in the VIE, the obligation to absorb expected losses or the right to receive expected benefits from the VIE that could potentially be significant to the VIE. The Company consolidates the accounts of Acushnet Lionscore Limited, a VIE which is 40% owned by the Company. The sole purpose of the VIE is to manufacture the Company’s golf footwear and as such, the Company is deemed to be the primary beneficiary. The Company has presented separately on its consolidated balance sheets, to the extent material, the assets of its consolidated VIE that can only be used to settle specific obligations of its consolidated VIE and the liabilities of its consolidated VIE for which creditors do not have recourse to its general credit. The general creditors of the VIE do not have recourse to the Company. Certain directors of the VIE have guaranteed the credit lines of the VIE, for which there were no outstanding borrowings as of December 31, 2023 and 2022. In addition, pursuant to the terms of the agreement governing the VIE, the Company is not required to provide financial support to the VIE. Noncontrolling Interests and Redeemable Noncontrolling Interests The ownership interests held by owners other than the Company in less than wholly-owned subsidiaries are classified as noncontrolling interests. The financial results and position of noncontrolling interests are included in the Company’s consolidated financial statements. The value attributable to the noncontrolling interests is presented on the consolidated balance sheets, separately from the equity attributable to the Company. Net income (loss) and comprehensive income (loss) attributable to noncontrolling interests are presented separately on the consolidated statements of operations and consolidated statements of comprehensive income, respectively. Redeemable noncontrolling interests are those noncontrolling interests which are or may become redeemable at a fixed or determinable price on a fixed or determinable date, at the option of the holder, or upon occurrence of an event. The Company initially records the redeemable noncontrolling interest at its acquisition date fair value. The carrying amount of the redeemable noncontrolling interest is subsequently adjusted to the greater amount of either the initial carrying amount, increased or decreased for the redeemable noncontrolling interest's share of comprehensive income (loss) or the redemption value, assuming the noncontrolling interest is redeemable at the balance sheet date. This adjustment is recognized through retained earnings and is not reflected in net income (loss) or comprehensive income (loss). During the year ended December 31, 2023, the Company recorded a $2.2 million redemption value adjustment to increase the carrying amount of redeemable noncontrolling interests. During the year ended December 31, 2022, the Company recorded a $1.9 million redemption value adjustment to decrease the carrying value of redeemable noncontrolling interests. During the year ended December 31, 2021, the Company recorded a $2.8 million redemption value adjustment to increase the carrying value of redeemable noncontrolling interests. The value attributable to redeemable noncontrolling interests and any related loans to minority shareholders, which are recorded as a reduction to redeemable noncontrolling interests, are presented in the consolidated balance sheets as temporary equity between liabilities and shareholders’ equity. The amount of the loan to minority shareholders was $4.4 million as of December 31, 2023, 2022 and 2021. See Note 8 for additional information regarding other business developments impacting noncontrolling interests. Cash, Cash Equivalents and Restricted Cash Cash held in Company checking accounts is included in cash. Cash equivalents consist of short-term highly liquid investments with original maturities of three months or less which are readily convertible into cash. The Company classifies as restricted certain cash that is not available for use in its operations. As of December 31, 2023 and 2022, the amount of restricted cash included in cash, cash equivalents and restricted cash on the consolidated balance sheets was $1.7 million and $1.8 million, respectively. Book overdrafts not subject to offset with other accounts with the same financial institution are classified as accounts payable. As of December 31, 2023 and 2022, book overdrafts in the amount of $4.2 million and $4.4 million, respectively, were recorded in accounts payable. Concentration of Credit Risk Financial instruments that potentially expose the Company to concentration of credit risk are cash and cash equivalents and accounts receivable. Substantially all of the Company's cash deposits are maintained at large, creditworthy financial institutions. The Company's deposits, at times, may exceed federally insured limits. The Company does not believe that it is subject to unusual credit risk beyond the normal credit risk associated with commercial banking relationships. As part of its ongoing procedures, the Company monitors its concentration of deposits with various financial institutions in order to avoid any undue exposure. As of December 31, 2023 and 2022, the Company had unrestricted cash and cash equivalents of $62.0 million and $54.9 million, respectively, in banks located outside the United States. The risk with respect to the Company's accounts receivable is managed by the Company through its policy of monitoring the creditworthiness of its customers to which it grants credit terms in the normal course of business. See Note 5 for additional information. Inventories Inventories are valued at the lower of cost and net realizable value. Approximate cost is determined on the first-in, first-out basis. The inventory balance, which includes material, labor and manufacturing overhead costs, is recorded net of an allowance for obsolete or slow moving inventory. The Company's allowance for obsolete or slow moving inventory contains estimates regarding uncertainties. Such estimates are updated each reporting period and require the Company to make assumptions and to apply judgment regarding a number of factors, including market conditions, selling environment, historical results and current inventory trends. See Note 6 for additional information. Long-Lived Assets Long-lived assets, including property, plant and equipment and amortizing intangible assets, are recorded at cost less accumulated depreciation and amortization, respectively. Depreciation and amortization are recorded on a straight-line basis over the estimated useful lives of the assets, except for leasehold and tenant improvements which are amortized over the shorter of the lease term or the estimated useful lives of the assets. Gains or losses resulting from disposals are included in income from operations. Betterments and renewals, which improve and extend the life of an asset, are capitalized. Maintenance and repair costs are expensed as incurred. Estimated useful lives of property, plant and equipment asset categories were as follows: Buildings and improvements 15 - 40 years Machinery and equipment 3 - 10 years Furniture, fixtures and computer hardware 3 - 10 years Computer software 1 - 10 years Certain costs incurred in connection with the development of the Company's internal-use software are capitalized. Internal-use software development costs are primarily related to the Company's enterprise resource planning system. Costs incurred in the preliminary stages of development are expensed as incurred. Internal and external costs incurred in the application development phase, if direct and incremental, are capitalized until the software is substantially complete and ready for its intended use. Capitalization ceases upon completion of all substantial testing performed to ensure the product is ready for its intended use. Costs such as maintenance and training are expensed as incurred. The capitalized internal-use software costs are included in property, plant and equipment and once the software is placed into service are amortized over the estimated useful life which ranges from three Impairment A long-lived asset (including right of use assets) or asset group is tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. When such events occur, the Company compares the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset or asset group to the carrying amount of the asset or asset group. The cash flows are based on the best estimate of future cash flows derived from the most recent business projections. If the carrying value exceeds the sum of the undiscounted cash flows, an impairment loss is recognized based on the excess of the asset's or asset group's carrying value over its fair value. Fair value is determined based on discounted expected future cash flows on a market participant basis. The Company continually evaluates whether events and circumstances have occurred that indicate the remaining estimated useful life of long-lived assets may warrant revision or that the remaining balance may not be recoverable. These factors may include a significant deterioration of operating results, changes in business plans, or changes in anticipated cash flows. Goodwill and Indefinite-Lived Intangible Assets Goodwill and indefinite-lived intangible assets are not amortized but instead are measured for impairment at least annually, or more frequently when events or changes in circumstances indicate that the carrying amount of the asset may be impaired. The Company performs its annual impairment tests in the fourth quarter of each fiscal year. Goodwill is assigned to reporting units for purposes of impairment testing. A reporting unit may be the same as an operating segment or one level below an operating segment. For purposes of assessing potential impairment, the Company compares the fair value of the reporting unit to its carrying value. If the fair value of the reporting unit exceeds the carrying value of the net assets assigned to that unit, goodwill is considered not impaired. If the carrying value of the net assets assigned to the reporting unit exceeds the fair value of the reporting unit, then the Company records a goodwill impairment loss in the amount of the excess of a reporting unit’s carrying value over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The fair value of the reporting units is determined using the income approach. The income approach uses a discounted cash flow analysis which involves applying appropriate discount rates to estimated future cash flows based on forecasts of sales, costs and capital requirements. Purchased intangible assets other than goodwill are amortized over their useful lives unless those lives are determined to be indefinite. Certain of the Company's trademarks have been assigned an indefinite life as the Company currently anticipates that these trademarks will contribute to its cash flows indefinitely. Indefinite-lived trademarks are reviewed for impairment annually and may be reviewed more frequently if indicators of impairment are present. Impairment losses are recorded to the extent that the carrying value of the indefinite-lived intangible asset exceeds its fair value. The Company measures the fair value of its trademarks using the relief-from-royalty method, which estimates the present value of royalty income that could be hypothetically earned by licensing the brand name to a third party over the remaining useful life. See Note 9 for additional information. Leases At the inception of a contract, the Company assesses whether the contract is, or contains, a lease. The Company's assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether the Company obtained the right to substantially all of the economic benefit from the use of the asset throughout the period, and (3) whether the Company has the right to direct the use of the asset. All leases are accounted for under Accounting Standards Codification ("ASC") 842 and are classified as either operating or finance leases. A lease is classified as a finance lease if any one of the following criteria is met: the lease transfers ownership of the asset by the end of the lease term, the lease contains an option to purchase the asset that is reasonably certain to be exercised, the lease term is for a major part of the remaining useful life of the asset, the present value of the lease payments equals or exceeds substantially all of the fair value of the asset, or the leased asset is of a highly specialized nature. A lease is classified as an operating lease if it does not meet any one of these criteria. The Company recognizes operating lease right-of-use assets and operating lease liabilities on its consolidated balance sheets. Right-of-use assets represent the right to use the leased asset for the lease term. Lease liabilities represent the present value of the lease payments under the lease. Right-of-use assets are initially measured at cost, which primarily comprises the initial amount of the lease liability, plus any initial direct costs incurred less any lease incentives received. Lease payments included in the measurement of the lease liability comprise the following: the fixed non-cancelable lease payments, payments for optional renewal periods where it is reasonably certain the renewal period will be exercised, and payments for early termination options unless it is reasonably certain the lease will not be terminated early. The discount rate implicit within the Company's leases is generally not determinable and therefore the Company determines the discount rate based on its incremental collateralized borrowing rate applicable to the location where the lease is held. The incremental borrowing rate for each of the Company's leases is determined based on the lease term and currency in which such lease payments are made. The lease classification affects the expense recognition in the consolidated statements of operations. Operating lease expense consists of the lease payments plus any initial direct costs and is recognized on a straight-line basis over the lease term in the consolidated statements of operations. Finance lease charges are split, where amortization of the right-of-use asset is recorded as depreciation expense and an implied interest component is recorded in interest expense, net. Variable lease costs are expensed as incurred and include maintenance costs, real estate taxes and property insurance. The Company has elected to not separate non-lease components within its lease portfolio and has also elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a term of 12 months or less. Debt Issuance Costs The Company defers costs directly associated with acquiring third-party financing. These debt issuance costs are amortized as interest expense over the term of the related indebtedness. Debt issuance costs associated with the revolving credit facilities are included in other assets and debt issuance costs associated with all other indebtedness are netted against long-term debt on the consolidated balance sheets. See Note 11 for additional information. Fair Value Measurements Certain assets and liabilities are carried at fair value under U.S. GAAP. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. Financial assets and liabilities carried at fair value are to be classified and disclosed in one of the following three levels of the fair value hierarchy, of which the first two are considered observable and the last is considered unobservable: • Level 1—Quoted prices in active markets for identical assets or liabilities. • Level 2—Observable inputs (other than Level 1 quoted prices), such as quoted prices in active markets for similar assets or liabilities, quoted prices in markets that are not active for identical or similar assets or liabilities, or other inputs that are observable or can be corroborated by observable market data. • Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to determining the fair value of the assets or liabilities, including pricing models, discounted cash flow methodologies and similar techniques. The Company’s financial instruments are carried at fair value determined according to the fair value hierarchy described above. The Company’s financial instruments that are not recorded at fair value include cash and cash equivalents, accounts receivable, accounts payable, borrowings under revolving credit agreements and other debt. The carrying amount of these financial instruments, except for debt, is historical cost which approximates fair value due to the short-term nature of these assets and liabilities. The carrying value of the Company's variable interest rate debt approximates fair value due to the variable nature of the interest rate (Note 11). The Company’s senior unsecured notes are recorded at face value, less unamortized debt issuance cost (Note 11). See Note 13 for additional information regarding the Company's fair value measurements. Pension and Other Postretirement Benefit Plans The Company provides U.S. and foreign defined benefit and defined contribution plans to certain eligible employees and postretirement benefits to certain retirees, including pensions, postretirement healthcare benefits and other postretirement benefits. Plan assets and obligations are measured using various actuarial assumptions, such as discount rates, rate of compensation increase, mortality rates, turnover rates and health care cost trend rates, as determined at each year end measurement date. The measurement of net periodic benefit cost is based on various actuarial assumptions, including discount rates, expected return on plan assets and rate of compensation increase, which are determined as of the prior year measurement date. The determination of the discount rate is generally based on an index created from a hypothetical bond portfolio consisting of high-quality fixed income securities with durations that match the timing of expected benefit payments. The expected return on plan assets is determined based on several factors, including adjusted historical returns, historical risk premiums for various asset classes and target asset allocations within the portfolio. Adjustments made to the historical returns are based on recent return experience in the equity and fixed income markets and the belief that deviations from historical returns are likely over the relevant investment horizon. Actual cost is also dependent on various other factors related to the employees covered by these plans. The effects of actuarial deviations from assumptions are generally accumulated and, if over a specified corridor, amortized over the remaining service period of the employees. The cost or benefit of plan changes, such as increasing or decreasing benefits for prior employee service (prior service cost), is deferred and included in expense on a straight-line basis over the average remaining service period of the related employees. The Company's actuarial assumptions are reviewed on an annual basis and modified when appropriate. To calculate the U.S. pension and postretirement benefit plan expense in 2023, 2022 and 2021, the Company applied the individual spot rates along the yield curve that correspond with the timing of each future cash outflow for the benefit payments in order to calculate interest cost and service cost. See Note 14 for additional information. Income Taxes The Company accounts for income taxes using the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between consolidated financial statement carrying amounts and tax basis amounts at enacted tax rates expected to be in effect when the temporary differences reverse. A valuation allowance is recorded to reduce deferred income tax assets when it is more-likely-than-not that such assets will not be realized. Potential for recovery of deferred tax assets is evaluated by estimating the future taxable profits expected and considering prudent and feasible tax planning strategies. The Company records liabilities for uncertain income tax positions based on the two-step process. The first step is recognition, where an individual tax position is evaluated as to whether it has a likelihood of greater than 50% of being sustained upon examination based on the technical merits of the position, including resolution of any related appeals or litigation processes. For tax positions that are currently estimated to have a less than 50% likelihood of being sustained, no tax benefit is recorded. For tax positions that have met the recognition threshold in the first step, the Company performs the second step of measuring the benefit to be recorded. The amount of the benefit that may be recognized is the largest amount that has a greater than 50% likelihood of being realized on ultimate settlement. The actual benefits ultimately realized may differ from the estimates. In future periods, changes in facts, circumstances and new information may require the Company to change the recognition and measurement estimates with regard to individual tax positions. Changes in recognition and measurement estimates are recorded in income tax expense and liability in the period in which such changes occur. The Company recognizes accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes on the consolidated statements of operations. The 2017 Tax Act subjects the Company to a tax on Global Intangible Low-Taxed Income (“GILTI”). GILTI is a tax on foreign income in excess of a deemed return on tangible assets of related foreign corporations. Companies subject to GILTI have the option to account for the GILTI tax as a period cost if and when incurred, or to recognize deferred taxes for temporary differences, including outside basis differences, expected to reverse as GILTI. The Company has elected to account for GILTI as a period cost. Cost of Goods Sold Cost of goods sold includes all costs to make products salable, such as inbound freight, purchasing and receiving costs, inspection costs and transfer costs. In addition, all depreciation expense associated with assets used to manufacture products and make them salable is included in cost of goods sold. Product Warranty The Company has defined warranties generally ranging from one Advertising and Promotion Advertising and promotional costs are included in selling, general and administrative expense on the consolidated statements of operations and include product endorsement arrangements with members of the various professional golf tours, media placement and production costs (television, print and internet), tour support expenses and point-of-sale materials. Advertising production costs are expensed as incurred. Media placement costs are expensed in the month the advertising first appears. Product endorsement arrangements are expensed based upon the specific provisions of player contracts. Advertising and promotional expense was $231.4 million, $211.9 million and $216.4 million for the years ended December 31, 2023, 2022 and 2021, respectively. Selling Selling expenses including field sales, sales administration, shipping and handling costs and commissions paid on certain retail sales are included in selling, general and administrative expense on the consolidated statements of operations. Shipping and handling costs included in selling expenses were $59.4 million, $56.0 million and $52.4 million for the years ended December 31, 2023, 2022 and 2021, respectively. Research and Development Research and development is expensed as incurred and includes product development costs, product improvement costs, product engineering costs and process improvement costs. Foreign Currency Translation and Transactions Assets and liabilities denominated in foreign currency are translated into U.S. dollars at the actual rates of exchange at the balance sheet date. Revenues and expenses are translated at the average rates of exchange for the reporting period. The related translation adjustments are recorded as a component of accumulated other comprehensive loss, net of tax. Transactions denominated in a currency other than functional currency are re-measured into functional currency with the resulting transaction gain or loss recorded as selling, general and administrative expense on the consolidated statements of operations. Foreign currency transaction gain (loss) included in selling, general and administrative expense was a loss of $4.0 million, a loss of $11.9 million and a loss of $3.4 million for the years ended December 31, 2023, 2022 and 2021, respectively. Derivative Financial Instruments All derivative instruments are measured at fair value and recognized as either assets or liabilities on the consolidated balance sheets. If the derivative instrument is designated as a fair value hedge, the gain or loss resulting from changes in the fair value of the derivative instruments and of the hedged item are immediately recognized in the statements of operations. If the derivative instrument is designated as a cash flow hedge, the gain or loss is initially recorded as a component of accumulated other comprehensive income (loss), net of tax. The gain or loss is subsequently reclassified into the statements of operations at the time the forecasted transaction impacts the statements of operations or at the time the hedge is deemed to be ineffective. Cash flows from derivative financial instruments and the related hedged transactions are included in cash flows from operating activities. See Note 12 for additional information. Share-based Compensation The Company has an equity incentive plan for members of the Board of Directors, officers, employees, consultants and advisors of the Company. All awards granted under the plan are measured at fair value at the date of the grant. The estimated fair value is determined based on the closing price of the Company's common stock, generally on the award date, multiplied by the number of shares per the stock award. The Company issues share-based awards with service-based vesting conditions and performance-based vesting conditions. Awards with service-based vesting conditions are amortized as expense over the requisite service period of the award, which is generally the vesting period of the respective award. For awards with performance-based vesting conditions, the measurement of the expense is based on the Company’s performance against specified metrics as defined in the applicable award agreements. The Company accounts for forfeitures in share based compensation expense when they occur. See Note 17 for additional information. Recently Adopted Accounting Standards Income Taxes On January 1, 2021, the Company adopted Accounting Standards Update ("ASU") 2019-12, "Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes" . The amendments in this update simplified the accounting for income taxes by removing certain exceptions to general principles in Topic 740. The amendments also improved consistent application and simplified U.S. GAAP for other areas of Topic 740 by clarifying and amending existing guidance. The adoption of this standard did not have a material impact on the consolidated financial statements. Recently Issued Accounting Standards In November 2023, the Financial Accounting Standards Board ("FASB") issued ASU 2023-07, "Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures" . The amendments in this update improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact this standard will have on its consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740) - Improvements to Income Tax Disclosures"

Revenue

Revenue	12 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue	Revenue Accounting Policies Revenue is recognized when performance obligations under the terms of a contract with a customer are satisfied. The majority of the Company's contracts have a single performance obligation to transfer products. Accordingly, the Company recognizes revenue when control of the products has been transferred to the customer, generally at the time of shipment or delivery of products, based on the terms of the contract and the jurisdiction of the sale. Revenue is recognized in an amount that reflects the consideration the Company expects to be entitled to in exchange for the products. Revenue is recognized net of allowances for discounts and sales returns. Sales taxes and other similar taxes are excluded from revenue. Substantially all of the Company’s revenue is recognized at a point in time and relates to customers who are not engaged in a long-term supply agreement or any form of contract with the Company. Substantially all sales are paid for on account with the majority of terms between 30 and 60 days, not to exceed one year. Costs associated with shipping and handling activities, such as merchandising, are included in selling, general and administrative expenses as revenue is recognized. The Company has made an accounting policy election to account for shipping and handling activities that occur after control of the related good transfers as fulfillment activities instead of assessing such activities as performance obligations. The Company reduces revenue by the amount of expected returns and records a corresponding refund liability in accrued expenses and other liabilities. The Company accounts for the right of return as variable consideration and recognizes a refund liability for the amount of consideration that it estimates will be refunded to customers. In addition, the Company recognizes an asset for the right to recover returned products in prepaid and other assets on the consolidated balance sheets. Sales returns are estimated based upon historical rates of product returns, current economic trends and changes in customer demands as well as specific identification of outstanding returns. The refund liability for expected returns was $14.7 million and $11.3 million as of December 31, 2023 and 2022, respectively. The value of inventory expected to be recovered related to sales returns was $7.2 million and $5.0 million as of December 31, 2023 and 2022, respectively. Contract Balances Accounts receivable, net, includes amounts billed and currently due from customers. The amounts due are stated at their net estimated realizable value. The Company maintains an allowance for doubtful accounts to provide for the estimated amount of receivables that will not be collected. The allowance includes amounts for certain customers where a risk of default has been specifically identified as well as a provision for customer defaults when it is determined the risk of some default is probable and estimable, but cannot yet be associated with specific customers. The assessment of the likelihood of customer defaults is based on various factors, including credit risk assessments, length of time the receivables are past due, historical experience, customer specific information available to the Company and current and forecasted economic conditions, all of which are subject to change. Customer Sales Incentives The Company offers sales-based incentive programs to certain customers in exchange for certain benefits, including prominent product placement and exclusive stocking by participating retailers. These programs typically provide qualifying customers with rebates for achieving certain purchase goals. The rebates can be settled in the form of cash or credits or in the form of free product. The rebates which are expected to be settled in the form of cash or credits are accounted for as variable consideration. The estimate of the variable consideration requires the use of assumptions related to the percentage of customers who will achieve qualifying purchase goals and the level of achievement. These assumptions are based on historical experience, current year program design, current marketplace conditions and sales forecasts, including considerations of the Company's product life cycles. The rebates which are expected to be settled in the form of product are estimated based upon historical experience and the terms of the customer programs and are accounted for as an additional performance obligation. Revenue is recognized when control of the free products earned transfers to the customer at the end of the related customer incentive program, which generally occurs within one year. Control of the free products generally transfers to the customer at the time of shipment. Practical Expedients and Exemptions The Company expenses sales commissions when incurred because the amortization period is one year or less. These costs are recorded within selling, general and administrative expense on the consolidated statements of operations. The Company has elected the practical expedient to not disclose information about remaining performance obligations that have original expected durations of one year or less. Disaggregated Revenue

Leases

Leases	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Leases	Leases The Company's operating lease right-of-use assets and operating lease liabilities represent leases for office and warehouse space, machinery and equipment, and vehicles, among other items. The Company's finance lease right-of-use assets and finance lease liabilities represent leases for vehicles. Certain leases include one or more options to renew, with renewal terms that can extend the lease term up to three years. Lease costs recognized on the consolidated statements of operations were as follows: (in thousands) Year ended December 31, Lease costs Location in Statement of Operations 2023 2022 2021 Operating Cost of goods sold $ 2,450 $ 2,364 $ 1,888 Selling, general and administrative 19,777 13,337 14,305 Research and development 1,099 763 763 Finance Amortization of lease assets Selling, general and administrative 475 335 178 Interest on lease liabilities Interest expense, net 86 60 32 Short-term and low value lease cost 1,472 623 333 Variable lease cost 2,486 2,827 1,463 Total lease cost $ 27,845 $ 20,309 $ 18,962 Supplemental balance sheet information related to the Company's leases is as follows: Year ended December 31, (in thousands) Balance Sheet Location 2023 2022 Right-of-use assets Finance Property, plant and equipment, net $ 2,031 $ 1,562 Operating Other assets 88,820 57,586 Total lease assets $ 90,851 $ 59,148 Lease liabilities Finance Accrued expenses and other liabilities $ 527 $ 364 Operating Accrued expenses and other liabilities 19,045 14,821 Finance Long-term debt 1,505 1,201 Operating Other noncurrent liabilities 73,348 44,830 Total lease liabilities $ 94,425 $ 61,216 The weighted average remaining lease term and the weighted average discount rate for leases is as follows: Year ended December 31, 2023 2022 2021 Weighted average remaining lease term (years): Operating 6.2 4.9 5.7 Finance 4.3 4.5 5.1 Weighted average discount rate: Operating 4.01 % 2.72 % 2.82 % Finance 4.52 % 4.23 % 3.70 % The following table reconciles the undiscounted cash flows for leases as of December 31, 2023 to lease liabilities recorded on the consolidated balance sheet: Operating Finance (in thousands) Leases Leases Total 2024 $ 22,430 $ 607 $ 23,037 2025 20,058 576 20,634 2026 15,020 453 15,473 2027 13,953 363 14,316 2028 10,747 190 10,937 Thereafter 24,029 48 24,077 Total future lease payments 106,237 2,237 108,474 Less: Interest (13,844) (205) (14,049) Present value of lease liabilities $ 92,393 $ 2,032 $ 94,425 Accrued expenses and other liabilities $ 19,045 $ 527 $ 19,572 Long-term debt — 1,505 1,505 Other noncurrent liabilities 73,348 — 73,348 Total lease liabilities $ 92,393 $ 2,032 $ 94,425 Supplemental cash flow information related to the Company's leases are as follows: Year ended December 31, (in thousands) 2023 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 21,623 $ 16,333 $ 16,457 Operating cash flows for finance leases 86 60 32 Financing cash flows for finance leases 478 334 177
Leases	Leases The Company's operating lease right-of-use assets and operating lease liabilities represent leases for office and warehouse space, machinery and equipment, and vehicles, among other items. The Company's finance lease right-of-use assets and finance lease liabilities represent leases for vehicles. Certain leases include one or more options to renew, with renewal terms that can extend the lease term up to three years. Lease costs recognized on the consolidated statements of operations were as follows: (in thousands) Year ended December 31, Lease costs Location in Statement of Operations 2023 2022 2021 Operating Cost of goods sold $ 2,450 $ 2,364 $ 1,888 Selling, general and administrative 19,777 13,337 14,305 Research and development 1,099 763 763 Finance Amortization of lease assets Selling, general and administrative 475 335 178 Interest on lease liabilities Interest expense, net 86 60 32 Short-term and low value lease cost 1,472 623 333 Variable lease cost 2,486 2,827 1,463 Total lease cost $ 27,845 $ 20,309 $ 18,962 Supplemental balance sheet information related to the Company's leases is as follows: Year ended December 31, (in thousands) Balance Sheet Location 2023 2022 Right-of-use assets Finance Property, plant and equipment, net $ 2,031 $ 1,562 Operating Other assets 88,820 57,586 Total lease assets $ 90,851 $ 59,148 Lease liabilities Finance Accrued expenses and other liabilities $ 527 $ 364 Operating Accrued expenses and other liabilities 19,045 14,821 Finance Long-term debt 1,505 1,201 Operating Other noncurrent liabilities 73,348 44,830 Total lease liabilities $ 94,425 $ 61,216 The weighted average remaining lease term and the weighted average discount rate for leases is as follows: Year ended December 31, 2023 2022 2021 Weighted average remaining lease term (years): Operating 6.2 4.9 5.7 Finance 4.3 4.5 5.1 Weighted average discount rate: Operating 4.01 % 2.72 % 2.82 % Finance 4.52 % 4.23 % 3.70 % The following table reconciles the undiscounted cash flows for leases as of December 31, 2023 to lease liabilities recorded on the consolidated balance sheet: Operating Finance (in thousands) Leases Leases Total 2024 $ 22,430 $ 607 $ 23,037 2025 20,058 576 20,634 2026 15,020 453 15,473 2027 13,953 363 14,316 2028 10,747 190 10,937 Thereafter 24,029 48 24,077 Total future lease payments 106,237 2,237 108,474 Less: Interest (13,844) (205) (14,049) Present value of lease liabilities $ 92,393 $ 2,032 $ 94,425 Accrued expenses and other liabilities $ 19,045 $ 527 $ 19,572 Long-term debt — 1,505 1,505 Other noncurrent liabilities 73,348 — 73,348 Total lease liabilities $ 92,393 $ 2,032 $ 94,425 Supplemental cash flow information related to the Company's leases are as follows: Year ended December 31, (in thousands) 2023 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 21,623 $ 16,333 $ 16,457 Operating cash flows for finance leases 86 60 32 Financing cash flows for finance leases 478 334 177

Allowance for Doubtful Accounts

Allowance for Doubtful Accounts	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts The Company estimates expected credit losses using a number of factors, including customer credit ratings, age of receivables, historical credit loss information and current and forecasted economic conditions, which could affect the collectability of the reported amounts. All of these factors have been considered in the estimate of expected credit losses for the periods presented. The activity related to the allowance for doubtful accounts was as follows: Year ended December 31, (in thousands) 2023 2022 2021 Balance at beginning of year $ 8,258 $ 5,980 $ 7,698 Bad debt expense (recovery) 1,120 3,199 (975) Amount of receivables written off (689) (704) (463) Foreign currency translation 151 (217) (280) Balance at end of year $ 8,840 $ 8,258 $ 5,980

Inventories

Inventories	12 Months Ended
	Dec. 31, 2023
Inventory Disclosure [Abstract]
Inventories	Inventories The components of inventories were as follows: (in thousands) December 31, 2023 December 31, 2022 Raw materials and supplies $ 157,455 $ 154,881 Work-in-process 24,949 29,689 Finished goods 433,131 490,114 Inventories $ 615,535 $ 674,684

Property, Plant and Equipment,

Property, Plant and Equipment, Net	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment, Net	Property, Plant and Equipment, Net The components of property, plant and equipment, net were as follows: (in thousands) December 31, 2023 December 31, 2022 Land $ 14,329 $ 14,238 Buildings and improvements 194,585 169,855 Machinery and equipment 242,007 212,916 Furniture, computers and equipment 56,032 52,282 Computer software 90,264 87,512 Construction in progress 53,921 42,940 Property, plant and equipment, gross 651,138 579,743 Accumulated depreciation and amortization (355,795) (325,271) Property, plant and equipment, net $ 295,343 $ 254,472 During the years ended December 31, 2023, 2022 and 2021, software development costs of $3.9 million, $7.2 million and $7.5 million were capitalized. Capitalized software development costs as of December 31, 2023, 2022 and 2021 consisted of software placed into service of $3.6 million, $6.1 million and $5.2 million, respectively, and amounts recorded in construction in progress of $0.3 million, $1.1 million and $2.3 million, respectively. Amortization expense on capitalized software development costs was $9.6 million, $9.0 million and $8.1 million for the years ended December 31, 2023, 2022 and 2021, respectively. Total depreciation and amortization expense related to property, plant and equipment was $37.2 million, $33.8 million and $33.3 million for the years ended December 31, 2023, 2022 and 2021, respectively.

Other Business Developments

Other Business Developments	12 Months Ended
	Dec. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Other Business Developments	Other Business Developments On November 4, 2022, the Company completed the acquisition of an 80% interest in certain assets and liabilities of TPI EDU, LLC, Onbase University, LP and Racquetfit, LP (together known as "TPI") for cash consideration of $18.4 million. As part of the acquisition, the Company recorded a redeemable noncontrolling interest of $4.6 million (Note 2). TPI is a leading supplier of online courses, certifications, educational programs, live seminars and other educational services in the golf, baseball and tennis industries. The results of TPI have been included in the Company's Titleist golf club reporting segment since the date of acquisition (Note 21).

Goodwill and Identifiable Intan

Goodwill and Identifiable Intangible Assets, Net	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Identifiable Intangible Assets, Net	Goodwill and Identifiable Intangible Assets, Net Goodwill allocated to the Company's reportable segments and changes in the carrying amount of goodwill were as follows: (in thousands) Titleist Titleist Titleist FootJoy Other Total December 31, 2021 $ 125,949 $ 57,033 $ 13,838 $ 3,608 $ 10,003 $ 210,431 Additions (Note 8) — 20,148 — — — 20,148 Foreign currency translation (3,391) (1,647) (399) (73) (255) (5,765) December 31, 2022 122,558 75,534 13,439 3,535 9,748 224,814 Additions — 235 — — 514 749 Foreign currency translation (176) (86) (21) (4) 26 (261) December 31, 2023 $ 122,382 $ 75,683 $ 13,418 $ 3,531 $ 10,288 $ 225,302 There were no impairment losses recorded to goodwill during the years ended December 31, 2023, 2022 and 2021. As of December 31, 2023, 2022 and 2021, the cumulative balance of goodwill impairment recorded was $3.8 million, all of which was included in the carrying amount of the goodwill allocated to Other. The net carrying value by class of identifiable intangible assets was as follows: December 31, 2023 December 31, 2022 (in thousands) Gross Accumulated Net Book Gross Accumulated Net Book Indefinite-lived: Trademarks $ 429,051 $ — $ 429,051 $ 429,051 $ — $ 429,051 Amortizing: Trademarks 96,512 (8,836) 87,676 71,277 (2,534) 68,743 Completed technology 76,943 (66,939) 10,004 76,943 (61,656) 15,287 Customer relationships 28,146 (17,491) 10,655 27,490 (14,729) 12,761 Licensing fees and other 32,640 (32,619) 21 32,597 (32,536) 61 Total intangible assets $ 663,292 $ (125,885) $ 537,407 $ 637,358 $ (111,455) $ 525,903 In January 2023, the Company acquired certain trademarks from West Coast Trends, Inc., an industry leader specializing in Club Glove premium performance golf travel products, for $25.2 million. The trademarks acquired were included in the Company's Titleist golf gear reporting segment and will be amortized over a weighted average life of 10 years. On December 31, 2022, the Company separately acquired trademarks related to its putter business of $65.0 million with a weighted average life of 20 years. In November 2022, the Company acquired trademarks of $0.7 million with a weighted average life of 11 years, $2.2 million of completed technology with a weighted average life of 11 years, and $0.9 million of customer relationships with a weighted average life of 5 years (Note 8). Identifiable intangible asset amortization expense was $14.2 million, $7.9 million and $7.9 million for the years ended December 31, 2023, 2022 and 2021, respectively. There were no impairment losses recorded to indefinite-lived intangible assets during the years ended December 31, 2023, 2022 and 2021. Identifiable intangible asset amortization expense for each of the next five fiscal years and beyond is expected to be as follows: (in thousands) Year ending December 31, 2024 $ 14,068 2025 11,928 2026 8,439 2027 7,460 2028 6,968 Thereafter 59,493 Total $ 108,356

Product Warranty

Product Warranty	12 Months Ended
	Dec. 31, 2023
Product Warranties Disclosures [Abstract]
Product Warranty	Product Warranty The activity related to the Company’s warranty obligation for accrued warranty expense was as follows: Year ended December 31, (in thousands) 2023 2022 2021 Balance at beginning of year $ 3,951 $ 4,177 $ 3,831 Provision 6,995 4,911 5,315 Claims paid/costs incurred (5,966) (4,986) (4,846) Foreign currency translation 17 (151) (123) Balance at end of year $ 4,997 $ 3,951 $ 4,177

Debt and Financing Arrangements

Debt and Financing Arrangements	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Debt and Financing Arrangements	Debt and Financing Arrangements The Company’s debt and finance lease obligations were as follows: (in thousands) December 31, 2023 December 31, 2022 Multi-currency revolving credit facility $ 325,175 $ 526,308 Senior unsecured notes 350,000 — Other short-term borrowings 28,997 40,336 Other long-term borrowings 1,557 — Finance lease obligations 1,505 1,201 Debt issuance costs (1) (6,067) — Total 701,167 567,845 Less: short-term debt and current portion of long-term debt 29,348 40,336 Total long-term debt and finance lease obligations $ 671,819 $ 527,509 _________________________________ (1) Debt issuance costs of $6.1 million as of December 31, 2023 relates to the senior unsecured notes. Second Amended Credit Facility On August 2, 2022, the Company entered into a second amendment and agency resignation, appointment and assumption (the “Second Amendment”) to its Amended and Restated Credit Agreement, dated as of December 23, 2019 (as subsequently amended on July 3, 2020 (the “First Amended Credit Agreement”), and the First Amended Credit Agreement, as amended pursuant to the Second Amendment (the “Second Amended Credit Agreement”), with Acushnet Company, Acushnet Canada Inc. and Acushnet Europe Limited, as borrowers, certain subsidiaries of Acushnet Company, together with the Company, as guarantors, the lenders party thereto, Wells Fargo Bank, National Association, as resigning administrative agent, and JPMorgan Chase Bank, N.A., as successor administrative agent (the “Administrative Agent”). The Second Amended Credit Agreement, together with related security, guarantee and other agreements, is referred to as the “Second Amended Credit Facility.” The First Amended Credit Agreement, together with related security, guarantee and other agreements, is referred to as the “First Amended Credit Facility.” The Second Amended Credit Facility provides a $950.0 million multi‑currency revolving credit facility, including a $50.0 million letter of credit sublimit, a $75.0 million swing line sublimit, a C$50.0 million sublimit for borrowings by Acushnet Canada, Inc., a £45.0 million sublimit for borrowings by Acushnet Europe Limited and an alternative currency sublimit of $200.0 million for borrowings in Canadian dollars, euros, pounds sterling, Japanese yen and other currencies agreed to by the lenders and the Administrative Agent. The Second Amended Credit Facility matures on August 2, 2027, and as a result, the related borrowings have been classified as long term debt, with the proceeds and repayments under the revolving credit facility presented on a gross basis in the consolidated statements of cash flows. The Second Amended Credit Facility is collateralized by certain assets, including inventory, accounts receivable, fixed assets and intangible assets of the Company. On August 2, 2022, borrowings under the Second Amended Credit Facility, were used to prepay in full the outstanding term loans under the First Amended Credit Facility, refinance outstanding revolving credit facility borrowings under the First Amended Credit Facility and pay accrued interest and closing fees. Immediately prior to payment, the aggregate amounts outstanding related to the term loans and revolving credit facility were approximately $306.3 million and $72.6 million, respectively. In connection with amending its credit facility, the Company incurred debt issuance costs of approximately $2.6 million, which were included in other assets on the consolidated balance sheet and will be amortized to interest expense, net over the term of the Second Amended Credit Facility. In addition, the prepayment of the First Amended Credit Facility resulted in additional interest expense of approximately $1.3 million for the twelve months ended December 31, 2022. Acushnet Company has the right under the Second Amended Credit Facility to request term loans and/or increases in the revolving commitments in an aggregate principal amount not to exceed (i) the greater of $325.0 million and 100% of the last four quarters' EBITDA plus (ii) an unlimited amount, so long as the Net Average Secured Leverage Ratio (as defined in the Second Amended Credit Agreement) does not exceed 2.50:1.00 on a pro forma basis. The lenders under the Second Amended Credit Facility will not be under any obligation to provide any such term loans or increases to the revolving commitments, and the incurrence of any term loans or increases to the revolving credit commitments is subject to customary conditions precedent. Borrowings under the Second Amended Credit Facility bear interest at a rate per annum equal to, at the applicable Borrower’s option, (i) for loans denominated in U.S. dollars, either (A) a base rate, which is the greatest of (1) the prime rate last published in the Wall Street Journal, (2) the greater of the federal funds effective rate as determined by the Federal Reserve Bank of New York and the overnight bank funding rate as determined by the Federal Reserve Bank of New York, in either case, plus 0.50% and (3) the one-month Term SOFR Rate, plus 0.10% per annum, plus 1.00%, or (B) the greater of the Term SOFR Rate for the applicable interest period, plus 0.10% per annum, and zero; (ii) for loans denominated in Sterling, the greater of an Adjusted Daily Simple RFR determined based on SONIA and zero; (iii) for loans denominated in Euros, the greater of an Adjusted EURIBOR Rate for the applicable interest period and zero; (iv) for loans denominated in Canadian Dollars, the greater of an Adjusted Canadian Dollar Offered Rate for the applicable interest period and zero; and (v) for loans denominated in Japanese Yen, the greater of an Adjusted TIBOR Rate for the applicable interest period and zero, in the case of sub-clauses (i) through (v) above, plus an applicable margin. Under the Second Amended Credit Agreement, the applicable margin is 0.00% to 0.75% for base rate borrowings and 1.00% to 1.75% for Adjusted Term SOFR borrowings, Adjusted Daily Simple RFR borrowings, Adjusted EURIBOR Rate borrowings, Adjusted Canadian Dollar Offered Rate borrowings and Adjusted TIBOR Rate borrowings, in each case, depending on the Net Average Total Leverage Ratio (as defined in the Second Amended Credit Agreement). In addition, the Second Amended Credit Facility requires a commitment fee rate payable in respect of unused portions of the revolving credit facility of 0.125% to 0.275% per annum, depending on the Net Average Total Leverage Ratio. The Second Amended Credit Agreement contains customary affirmative and restrictive covenants, including, among others, financial covenants based on the Company's leverage and interest coverage ratios. The quarterly-tested maximum Net Average Total Leverage Ratio covenant in the Second Amended Credit Agreement is 3.75:1.00, which is subject to increase to 4.25:1.00 for the four fiscal quarters immediately following certain acquisitions. The quarterly-tested Consolidated Interest Coverage Ratio covenant in the Second Amended Credit Agreement shall be less than 3.00:1.00. It also includes customary events of default, the occurrence of which, following any applicable cure period, would permit the lenders to, among other things, declare the principal, accrued interest and other obligations to be immediately due and payable. As of December 31, 2023, the Company was in compliance with all covenants under the Second Amended Credit Agreement. The weighted average interest rate applicable to the Company's multi-currency revolving credit facility as of December 31, 2023 and 2022 was 6.57% and 5.40%, respectively. As of December 31, 2023, the Company had available borrowings under its revolving credit facility of $616.7 million after giving effect to $8.1 million of outstanding letters of credit. Under the Second Amended Credit Agreement, a change of control is an event of default which could result in the acceleration of all outstanding indebtedness and the termination of all commitments under the Second Amended Credit Agreement and would allow the lenders under the Second Amended Credit Agreement to enforce their rights with respect to the collateral granted. A change of control occurs if any person (other than certain permitted parties, including Fila) becomes the beneficial owner of 35% or more of the outstanding common stock of the Company. First Amended Credit Facility The First Amended Credit Facility provided for (x) a $350.0 million term loan facility maturing December 23, 2024 and (y) a $400.0 million revolving credit facility maturing December 23, 2024, including a $50.0 million letter of credit sublimit, a $50.0 million swing line sublimit, a C$50.0 million sublimit available for revolving credit borrowings by Acushnet Canada Inc., a £45.0 million sublimit available for revolving credit borrowings by Acushnet Europe Ltd. and a $200.0 million sublimit for borrowings in Canadian dollars, euros, pounds sterling, Japanese yen and other currencies agreed to by the lenders under the revolving credit facility. Borrowings under the credit facility bore interest at a rate per annum equal to, at the applicable Borrower’s option, either (a) a base rate determined by reference to the highest of (1) the prime rate of Wells Fargo, (2) the federal funds effective rate plus 0.50% and (3) a Eurodollar Rate, subject to certain adjustments, plus 1.00% or (b) a Eurodollar Rate (or, in the case of Canadian borrowings, a Canadian Dollar Offered Rate), subject to certain adjustments, in each case, plus an applicable margin. Under the First Amended Credit Agreement, the applicable margin was 0.00% to 0.75% for base rate borrowings and 1.00% to 1.75% for Eurodollar rate or Canadian Dollar Offered Rate borrowings, in each case, depending on the net average total leverage ratio (as defined in the First Amended Credit Agreement). In addition, the Company was required to pay a commitment fee on any unutilized commitments under the revolving credit facility. Under the First Amended Credit Agreement, the commitment fee rate payable in respect of unused portions of the revolving credit facility was 0.15% to 0.30% per annum, depending on the net average total leverage ratio. The initial commitment fee rate was 0.20% per annum. The Company was also required to pay customary letter of credit fees. The Company was required to make principal payments on the loans under the term loan facility in quarterly installments in an aggregate annual amount equal to 5.00%. Senior Unsecured Notes On October 3, 2023, Acushnet Company (the "Issuer"), a wholly owned subsidiary of the Company, completed the issuance and sale of $350.0 million in gross proceeds of the Issuer's 7.375% senior unsecured notes due 2028 (the “Notes”). The Notes were issued pursuant to an Indenture, dated October 3, 2023 (the “Indenture”), among the Issuer, U.S. Bank Trust Company, National Association, as trustee of the Notes, and the Company and certain subsidiaries of the Issuer as guarantors. The proceeds from the Notes offering were used to repay $345.6 million of the outstanding borrowings under the Company's multi-currency revolving credit facility, as well as to pay fees and expenses related to the Notes offering. In connection with the Notes offering, the Company incurred fees and expenses of approximately $6.4 million, of which approximately $6.3 million was capitalized as debt issuance costs within long-term debt on the audited consolidated balance sheet and is being amortized to interest expense, net over the term of the Notes using the effective interest rate method. The fair value of the Notes, based on third-party quotes (Level 2), as of December 31, 2023 was $365.1 million. The Notes bear interest at a stated interest rate of 7.375% (an effective interest rate of 7.813%) per year, with interest payable semi-annually on April 15 and October 15 of each year, beginning on April 15, 2024. Accrued interest related to the Notes of $6.5 million was included within accrued expenses and other liabilities on the consolidated balance sheet as of December 31, 2023. The Notes will mature on October 15, 2028, unless earlier repurchased or redeemed in accordance with their terms, and as a result, were classified as long-term debt. The Issuer may redeem all or part of the Notes at any time prior to October 15, 2025 at 100.0% of the principal amount redeemed plus a “make-whole” premium. The make-whole premium is the greater of (i) 1.0% of the then outstanding principal amount of the Notes being redeemed and (ii) the excess, if any, of: (1) the present value at such redemption date of the sum of (A) 103.688% of the principal amount of Notes being redeemed plus (B) all required interest payments due on the Notes through October 15, 2025 (excluding accrued but unpaid interest) and (2) the then outstanding principal amount of the Notes being redeemed. Thereafter, the Issuer may redeem all or part of the Notes at the redemption prices (expressed as percentages of principal amount of the Notes to be redeemed) set forth below, together with any accrued and unpaid interest, if redeemed during the 12-month period beginning on October 15 of the years indicated below: Year Redemption Price 2025 103.688 % 2026 101.844 % 2027 and thereafter 100.000 % The Notes are senior unsecured obligations of the Issuer and rank equal in right of payment with all of the Issuer’s existing and future senior unsecured debt and senior in right of payment to all of the Issuer’s future subordinated debt. The Notes are jointly and severally, fully and unconditionally, guaranteed on a senior unsecured basis by each of the Issuer’s existing wholly-owned restricted domestic subsidiaries that guarantee the Issuer’s obligations under the Second Amended Credit Agreement. The Notes are also fully and unconditionally guaranteed on a senior unsecured basis by the Company. The Notes are effectively subordinated to the Company's existing and future secured debt, to the extent of the value of the assets securing that debt, and are structurally subordinated to the liabilities of any non-guarantor subsidiaries. The Indenture contains covenants that, among other things, limit the ability of the Company and its restricted subsidiaries to incur additional debt or issue certain preferred stock; pay dividends or repurchase or redeem capital stock; prepay, redeem or repurchase certain debt; make loans and investments; sell assets; incur liens; enter into certain types of transactions with the Company’s affiliates; and consolidate or merge with or into other companies. As of December 31, 2023, the Company was in compliance with all covenants under the Indenture. A change of control under the Notes results in each holder of Notes having the right to require the Issuer to purchase all or a portion of such holder’s Notes at a purchase price equal to 101% of the principal amount of the Notes, plus accrued and unpaid interest, if any, to, but excluding, the date of purchase. A change in control occurs at such time as either: (1) the consummation of any transaction as a result of which any Person or any Persons (as defined in the Indenture) acting together that would constitute a “group” for purposes of Section 13(d) of the Exchange Act, subject to certain exceptions, becoming the beneficial owner of at least 50% of the aggregate voting power of all classes of voting stock of the Company; (2) the sale, assignment, conveyance, transfer, lease or other disposition, in one or a series of related transactions, of all or substantially all of the assets of the Company and its restricted subsidiaries; (3) the adoption by the stockholders of the Company or the Issuer of a plan or proposal for the liquidation or dissolution of the Company or the Issuer; or (4) the Issuer ceases to be a directly or indirectly wholly owned subsidiary of the Company. Other Short-Term Borrowings The Company has certain unsecured local credit facilities available through its subsidiaries. Amounts outstanding under other short-term borrowings are presented in short-term debt in the consolidated balance sheets with the proceeds and repayments presented on a gross basis in the consolidated statements of cash flows. The weighted average interest rate applicable to the outstanding borrowings was 0.45% and 0.85% as of December 31, 2023 and 2022, respectively. As of December 31, 2023, the Company had available borrowings remaining under these local credit facilities of $35.6 million. Letters of Credit As of December 31, 2023, there were outstanding letters of credit related to agreements, including the Company's Second Amended Credit Facility, totaling $11.3 million of which $8.1 million was secured. As of December 31, 2022, there were outstanding letters of credit related to agreements, including the Company's Second Amended Credit Facility, totaling $10.0 million, of which $7.3 million was secured. These agreements provided a maximum commitment for letters of credit of $58.5 million as of December 31, 2023. Payments of Debt Obligations due by Period As of December 31, 2023, principal payments due on outstanding long-term debt obligations were as follows: (in thousands) Year ending December 31, 2024 $ 351 2025 338 2026 301 2027 325,459 2028 350,283 Thereafter — Total $ 676,732

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	Derivative Financial Instruments The Company principally uses derivative financial instruments to reduce the impact of foreign currency fluctuations and interest rate variability on the Company's results of operations. The principal derivative financial instruments the Company enters into are foreign exchange forward contracts and interest rate swaps. The Company does not enter into derivative financial instrument contracts for trading or speculative purposes. Foreign Exchange Derivative Instruments Foreign exchange forward contracts are foreign exchange derivative instruments primarily used to reduce foreign currency risk related to transactions denominated in a currency other than functional currency. These instruments are designated as cash flow hedges. The periods of the foreign exchange forward contracts correspond to the periods of the hedged forecasted transactions, which do not exceed 24 months subsequent to the latest balance sheet date. The primary foreign exchange forward contracts pertain to the U.S. dollar, the Japanese yen, the British pound sterling, the Canadian dollar, the Korean won and the euro. The gross U.S. dollar equivalent notional amount outstanding of all foreign exchange forward contracts designated under hedge accounting as of December 31, 2023 and 2022 was $209.6 million and $242.4 million, respectively. The Company also enters into foreign exchange forward contracts, which either do not qualify as hedging instruments or have not been designated as such, to reduce foreign currency transaction risk related to certain intercompany assets and liabilities denominated in a currency other than functional currency. These undesignated instruments are recorded at fair value as a derivative asset or liability with the corresponding change in fair value recognized in selling, general and administrative expenses. There were no outstanding foreign exchange forward contracts not designated under hedge accounting as of December 31, 2023. The gross U.S. dollar equivalent notional amount outstanding of all foreign exchange forward contracts not designated under hedge accounting as of December 31, 2022 was $4.0 million. Selling, general and administrative expenses during the years ended December 31, 2023 and 2022 included a gain of $0.1 million and a gain of $1.2 million, respectively, related to undesignated foreign exchange forward derivative instruments. Interest Rate Derivative Instruments From time to time, the Company enters into interest rate swap contracts to reduce interest rate risk related to floating rate debt. Under the contracts, the Company pays fixed and receives variable rate interest, in effect converting a portion of its floating rate debt to fixed rate debt. Interest rate swap contracts are accounted for as cash flow hedges. As of December 31, 2023, the notional value of the Company's outstanding interest rate swap contracts was $100.0 million. As of December 31, 2022, there were no interest rate swap contracts outstanding. Impact on Financial Statements The fair value of hedge instruments recognized on the consolidated balance sheets was as follows: (in thousands) December 31, 2023 December 31, 2022 Balance Sheet Location Hedge Instrument Type Prepaid and other assets Foreign exchange forward $ 4,378 $ 7,393 Interest rate swap 452 — Other assets Foreign exchange forward — 1,341 Accrued expenses and other liabilities Foreign exchange forward 1,931 4,710 Interest rate swap 63 — Other noncurrent liabilities Foreign exchange forward — 344 Interest rate swap 88 — The hedge instrument gain (loss) recognized in accumulated other comprehensive loss, net of tax was as follows: Year ended December 31, (in thousands) 2023 2022 2021 Type of hedge Foreign exchange forward $ 4,880 $ 10,856 $ 10,057 Interest rate swap 991 — (8) Total $ 5,871 $ 10,856 $ 10,049 Based on the current valuation, during the next 12 months the Company expects to reclassify a net gain of $6.5 million related to foreign exchange derivative instruments from accumulated other comprehensive loss, net of tax into cost of goods sold and a net gain of $0.4 million related to interest rate derivative instruments from accumulated other comprehensive loss, net of tax, into interest expense, net. For further information related to amounts recognized in accumulated other comprehensive loss, net of tax, see Note 18. The hedge instrument gain (loss) recognized on the consolidated statements of operations was as follows: Year ended December 31, (in thousands) 2023 2022 2021 Location of gain (loss) in consolidated statements of operations Foreign exchange forward: Cost of goods sold $ 6,982 $ 9,840 $ (3,422) Selling, general and administrative (1) 665 2,991 1,686 Total $ 7,647 $ 12,831 $ (1,736) Interest Rate Swap: Interest expense, net $ 690 $ — $ (1,569) Total $ 690 $ — $ (1,569) _________________________________ (1) Relates to net gains on foreign exchange forward contracts derived from previously designated cash flow hedges. Credit Risk The Company enters into derivative contracts with major financial institutions with investment grade credit ratings and is exposed to credit losses in the event of non-performance by these financial institutions. This credit risk is generally limited to the unrealized gains in the derivative contracts. However, the Company monitors the credit quality of these financial institutions, as well as its own credit quality, and considers the risk of counterparty default to be minimal.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Assets and liabilities measured at fair value on a recurring basis as of December 31, 2023 were as follows: Fair Value Measurements as of December 31, 2023 using: (in thousands) Level 1 Level 2 Level 3 Balance Sheet Location Assets Rabbi trust $ 4,334 $ — $ — Prepaid and other assets Foreign exchange derivative instruments — 4,378 — Prepaid and other assets Interest rate derivative instruments — 452 — Prepaid and other assets Deferred compensation program assets 725 — — Other assets Total assets $ 5,059 $ 4,830 $ — Liabilities Foreign exchange derivative instruments $ — $ 1,931 $ — Accrued expenses and other liabilities Interest rate derivative instruments — 63 — Accrued expenses and other liabilities Deferred compensation program liabilities 725 — — Other noncurrent liabilities Interest rate derivative instruments — 88 — Other noncurrent liabilities Total liabilities $ 725 $ 2,082 $ — Assets and liabilities measured at fair value on a recurring basis as of December 31, 2022 were as follows: Fair Value Measurements as of December 31, 2022 using: (in thousands) Level 1 Level 2 Level 3 Balance Sheet Location Assets Rabbi trust $ 3,940 $ — $ — Prepaid and other assets Foreign exchange derivative instruments — 7,393 — Prepaid and other assets Deferred compensation program assets 631 — — Other assets Foreign exchange derivative instruments — 1,341 — Other assets Total assets $ 4,571 $ 8,734 $ — Liabilities Foreign exchange derivative instruments $ — $ 4,758 $ — Accrued expenses and other liabilities Deferred compensation program liabilities 631 — — Other noncurrent liabilities Foreign exchange derivative instruments — 344 — Other noncurrent liabilities Total liabilities $ 631 $ 5,102 $ — Rabbi trust assets are used to fund certain retirement obligations of the Company. The assets underlying the Rabbi trust are equity and fixed income exchange‑traded funds. Deferred compensation program assets and liabilities represent a program where select employees could defer compensation until termination of employment. Effective July 29, 2011, this program was amended to cease all employee compensation deferrals and provided for the distribution of all previously deferred employee compensation. The program remains in effect with respect to the value attributable to the employer match contributed prior to July 29, 2011. Foreign exchange derivative instruments are foreign exchange forward contracts primarily used to limit currency risk that would otherwise result from changes in foreign exchange rates (Note 12). The Company uses the mid‑price of foreign exchange forward rates as of the close of business on the valuation date to value each foreign exchange forward contract at each reporting period. Interest rate derivative instruments are interest rate swap contracts used to reduce interest rate risk related to the Company's floating rate debt (Note 12). The valuation for the interest rate swap is calculated as the net of the discounted future cash flows of the pay and receive legs of the swap. Mid-market interest rates on the valuation date are used to create the forward curve for floating legs and discount curve.

Pension and Other Postretiremen

Pension and Other Postretirement Benefits	12 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
Pension and Other Postretirement Benefits	Pension and Other Postretirement Benefits The Company has various pension and post-employment plans which provide for payment of benefits to certain eligible employees, mainly commencing between the ages of 50 and 65, and for payment of certain disability benefits. After meeting certain qualifications, eligible employees acquire a vested right to future benefits. The benefits payable under the plans are generally determined on the basis of an employee's length of service and/or earnings. Employer contributions to the plans are made, as necessary, to ensure legal funding requirements are satisfied. The Company may make contributions in excess of the legal funding requirements. The Company provides postretirement healthcare benefits to certain retirees. Many employees and retirees outside of the United States are covered by government sponsored healthcare programs. The following table presents the change in benefit obligation, change in plan assets and funded status for the Company's defined benefit and postretirement benefit plans for the year ended December 31, 2023: (in thousands) Pension Pension Postretirement Change in projected benefit obligation ("PBO") Benefit obligation at December 31, 2022 $ 216,810 $ 19,208 $ 14,264 Service cost 5,679 — 429 Interest cost 10,354 962 662 Actuarial (gain) loss (1,438) 274 (2,403) Settlements (7,142) — — Participants’ contributions — — 762 Benefit payments (4,333) (987) (2,286) Foreign currency translation (288) 1,102 — Projected benefit obligation at December 31, 2023 219,642 20,559 11,428 Accumulated benefit obligation at December 31, 2023 201,856 20,325 11,428 Change in plan assets Fair value of plan assets at December 31, 2022 150,229 26,181 — Return on plan assets 11,493 (104) — Employer contributions 4,048 — 1,524 Participants’ contributions — — 762 Settlements (7,142) — — Benefit payments (4,333) (987) (2,286) Foreign currency translation (79) 1,467 — Fair value of plan assets at December 31, 2023 154,216 26,557 — Funded status (fair value of plan assets less PBO) $ (65,426) $ 5,998 $ (11,428) The following table presents the change in benefit obligation, change in plan assets and funded status for the Company's defined benefit and postretirement benefit plans for the year ended December 31, 2022: (in thousands) Pension Pension Postretirement Change in projected benefit obligation Benefit obligation at December 31, 2021 $ 311,155 $ 33,782 $ 16,453 Service cost 7,844 — 563 Interest cost 8,300 555 353 Actuarial gain (79,231) (10,387) (1,527) Settlements (26,469) — — Participants’ contributions — — 787 Benefit payments (3,637) (1,581) (2,365) Foreign currency translation (1,152) (3,161) — Projected benefit obligation at December 31, 2022 216,810 19,208 14,264 Accumulated benefit obligation at December 31, 2022 196,785 18,987 14,264 Change in plan assets Fair value of plan assets at December 31, 2021 228,232 45,705 — Return on plan assets (51,939) (13,661) — Employer contributions 4,260 — 1,578 Participants’ contributions — — 787 Settlements (26,469) — — Benefit payments (3,637) (1,581) (2,365) Foreign currency translation (218) (4,282) — Fair value of plan assets at December 31, 2022 150,229 26,181 — Funded status (fair value of plan assets less PBO) $ (66,581) $ 6,973 $ (14,264) The change in the underfunded defined benefit PBO for the years ended December 31, 2023 and 2022 is primarily driven by changes in the U.S. defined benefit plans. The change in the U.S. defined benefit plans' PBO for the year ended December 31, 2023 includes a $2.7 million actuarial loss attributable to the change in discount rates, a $5.9 million gain attributable to the change in the lump sum conversion rates and the associated IRS mortality assumptions update; and a $1.2 million loss attributable to plan experience being different than anticipated, primarily related to differences in expected future salaries and lump sums paid during 2023. The change in the U.S. defined benefit plan PBO for the year ended December 31, 2022 includes a $41.0 million actuarial gain attributable to the change in discount rates, a $44.6 million gain attributable to the change in the lump sum conversion rates and a $8.2 million loss attributable to plan experience being different than anticipated, primarily related to higher salary increases than expected and lump sums paid during 2022. The Company had one overfunded defined benefit plan for the years ended December 31, 2023 and 2022. Significant changes in the overfunded defined benefit PBO for the year ended December 31, 2023 include a $0.4 million actuarial loss attributable to the change in discount rates and a $0.1 million actuarial loss due to census data updates, offset by an actuarial gain of $0.4 million attributable to an update in morality assumption. Significant changes in the overfunded defined benefit PBO for the year ended December 31, 2022 include a $12.3 million actuarial gain attributable to the change in discount rates, offset in part by an actuarial loss of $2.0 million due to census data updates. The change in the postretirement benefit plan PBO for the year ended December 31, 2023 includes a $2.7 million actuarial gain attributable to plan experience, primarily related to the gain from the net expected claims, offset in part by a $0.2 million loss due to the change in the discount rate and a $0.1 million loss due to updated health care trend rates. The change in the postretirement benefit plan PBO for the year ended December 31, 2022 includes a $3.2 million gain due to the change in the discount rate, offset in part by a $1.4 million actuarial loss attributable to plan experience, primarily related to claims losses, and a $0.3 million loss due to updated health care trend rates. The amount of pension and postretirement assets and liabilities recognized on the consolidated balance sheets was as follows: Pension Benefits Postretirement Benefits December 31, December 31, (in thousands) 2023 2022 2023 2022 Other assets $ 5,998 $ 6,973 $ — $ — Accrued compensation and benefits (6,295) (5,422) (925) (1,189) Accrued pension and other postretirement benefits (59,131) (61,159) (10,503) (13,075) Net liability recognized $ (59,428) $ (59,608) $ (11,428) $ (14,264) The amounts in accumulated other comprehensive loss on the consolidated balance sheets that have not yet been recognized as components of net periodic benefit cost were as follows: Pension Benefits Postretirement Benefits Year ended December 31, Year ended December 31, (in thousands) 2023 2022 2021 2023 2022 2021 Net actuarial (loss) gain at beginning of year $ (28,208) $ (52,739) $ (64,349) $ 7,283 $ 6,362 $ 4,640 Actuarial gain 4,695 16,455 4,131 2,403 1,527 2,179 Settlement impact (39) 2,733 3,087 — — — Amortization of actuarial loss (gain) 94 3,952 3,943 (893) (469) (320) Amortization of prior service cost (credit) 182 270 279 (137) (137) (137) Foreign currency translation (668) 1,121 170 — — — Net actuarial (loss) gain at end of year $ (23,944) $ (28,208) $ (52,739) $ 8,656 $ 7,283 $ 6,362 Components of net periodic benefit cost were as follows: Pension Benefits Postretirement Benefits Year ended December 31, Year ended December 31, (in thousands) 2023 2022 2021 2023 2022 2021 Components of net periodic benefit cost Service cost $ 5,679 $ 7,844 $ 8,189 $ 429 $ 563 $ 670 Interest cost 11,316 8,855 8,226 662 353 302 Expected return on plan assets (7,858) (7,563) (9,683) — — — Settlements (39) 2,733 3,087 — — — Amortization of net loss (gain) 94 3,952 3,943 (893) (469) (320) Amortization of prior service cost (credit) 182 270 279 (137) (137) (137) Net periodic benefit cost $ 9,374 $ 16,091 $ 14,041 $ 61 $ 310 $ 515 The non-service cost components of net periodic benefit cost are included in other expense, net in the consolidated statements of operations (Note 19). The weighted average assumptions used to determine benefit obligations at December 31, 2023 and 2022 were as follows: Pension Benefits Postretirement Benefits 2023 2022 2023 2022 Discount rate 4.93 % 5.16 % 4.92 % 5.10 % Rate of compensation increase 3.80 % 3.81 % N/A N/A The weighted average assumptions used to determine net periodic benefit cost for the years ended December 31, 2023, 2022 and 2021 were as follows: Pension Benefits Postretirement Benefits 2023 2022 2021 2023 2022 2021 Discount rate 5.16 % 2.93 % 2.66 % 5.10 % 2.71 % 2.34 % Expected long-term rate of return on plan assets 3.91 % 3.44 % 4.28 % N/A N/A N/A Rate of compensation increase 3.81 % 3.81 % 3.56 % N/A N/A N/A The assumed healthcare cost trend rates used to determine benefit obligations and net periodic benefit cost for postretirement benefits as of and for the years ended December 31, 2023, 2022 and 2021 were as follows: 2023 2022 2021 Healthcare cost trend rate assumed for next year 7.00%/8.50% 6.75%/8.00% 5.80%/7.31% Rate that the cost trend rate is assumed to decline 4.50 % 4.50 % 4.50 % Year that the rate reaches the ultimate trend rate 2033 2031 2030 Plan Assets Pension assets by major category of plan assets and the type of fair value measurement as of December 31, 2023 were as follows: (in thousands) Total Quoted Prices in Significant Significant Asset category Cash $ 397 $ 397 $ — $ — Fixed income 26,950 — 26,950 — Commingled funds Measured at net asset value 153,426 — — — $ 180,773 $ 397 $ 26,950 $ — Pension assets by major category of plan assets and the type of fair value measurement as of December 31, 2022 were as follows: (in thousands) Total Quoted Prices in Significant Significant Asset category Insurance Contracts / Individual securities Fixed income $ 26,540 $ — $ 26,540 $ — Commingled funds Measured at net asset value 149,870 — — — $ 176,410 $ — $ 26,540 $ — Pension assets include fixed income securities and commingled funds. Fixed income securities are valued at daily closing prices or institutional mid-evaluation prices provided by independent industry-recognized pricing sources. Commingled funds are not traded in active markets with quoted prices and as a result, are valued using the net asset values provided by the administrator of the fund. The investments underlying the net asset values are based on quoted prices traded in active markets. In accordance with ASU 2015-7, Fair Value Measurement: Disclosures for Investments in Certain Entities that Calculate Net Asset Value per Share (or Its Equivalent) , the Company has elected the practical expedient to exclude assets measured at net asset value from the fair value hierarchy. The Company's investment strategy seeks to reduce asset-liability risk as the funded ratio of the plan improves. The mix of return seeking and liability hedging assets is determined by taking into account factors such as the funded status level of the plan, the characteristics of the plan’s liabilities, asset volatility and local regulations. All retirement asset allocations are reviewed periodically to ensure the allocation meets the needs of the liability structure. Master trusts were established to hold the assets of the Company's U.S. defined benefit plan. During the year ended December 31, 2023, the U.S. defined benefit plan asset allocation of these trusts targeted a return-seeking investment allocation of 32% to 41% and a liability-hedging investment allocation of 59% to 68%. During the year ended December 31, 2022, the U.S. defined benefit plan asset allocation of these trusts targeted a return-seeking investment allocation of 26% to 32% and a liability-hedging investment allocation of 68% to 74%. Return-seeking investments include equities, real estate, high yield bonds and other instruments. Liability-hedging investments include assets such as corporate and government fixed income securities. The Company's future expected blended long-term rate of return on plan assets of 3.75% is determined based on long-term historical performance of plan assets, current asset allocation and projected long-term rates of return. Estimated Contributions The Company expects to make pension contributions of approximately $6.4 million during 2024 based on current assumptions as of December 31, 2023. Estimated Future Retirement Benefit Payments The following retirement benefit payments, which reflect expected future service, are expected to be paid as follows: (in thousands) Pension Postretirement Year ending December 31, 2024 $ 28,355 $ 926 2025 23,738 1,005 2026 23,943 993 2027 24,024 1,087 2028 23,735 1,089 Thereafter 104,505 5,343 $ 228,300 $ 10,443 The estimated future retirement benefit payments noted above are estimates and could change significantly based on differences between actuarial assumptions and actual events and decisions related to lump sum distribution options that are available to participants in certain plans. International Plans Pension coverage for certain eligible employees of the Company's international subsidiaries is provided, to the extent deemed appropriate, through separate defined benefit pension plans. The international defined benefit pension plans are included in the tables above. As of December 31, 2023 and 2022, the international pension plans had total projected benefit obligations of $37.9 million and $35.4 million, respectively, and fair values of plan assets of $28.0 million and $27.8 million, respectively. The majority of the plan assets are invested in equity securities and insured pension assets. The net periodic benefit cost related to international plans was $2.8 million, $3.3 million and $2.1 million for the years ended December 31, 2023, 2022 and 2021, respectively. In the third quarter of 2021, the Company executed a buy-in policy contract with an insurance company which fully insures the benefits of one of its defined benefit pension plans outside the United States. The initial value of the insurance asset was equal to the premium paid to secure the policy (i.e., the fair value of the plan assets plus additional funding to execute the buy-in contract). As a result, the Company does not anticipate any further material contributions to the plan. Defined Contribution Plans The Company sponsors a number of defined contribution plans and company contributions related to these plans are determined under various formulas. Company contributions to defined contribution plans amounted to $21.3 million, $20.0 million and $14.8 million for the years ended December 31, 2023, 2022 and 2021, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The components of income before income taxes were as follows: Year ended December 31, (in thousands) 2023 2022 2021 Domestic operations $ 158,999 $ 130,568 $ 122,724 Foreign operations 82,601 128,867 125,099 Income before income taxes $ 241,600 $ 259,435 $ 247,823 Income tax expense (benefit) was as follows: Year ended December 31, (in thousands) 2023 2022 2021 Current expense United States $ 9,704 $ 2,755 $ 2,820 Foreign 17,876 42,536 48,743 Current income tax expense 27,580 45,291 51,563 Deferred expense (benefit) United States 6,626 10,122 17,297 Foreign 8,787 (1,062) (5,277) Deferred income tax expense 15,413 9,060 12,020 Total income tax expense $ 42,993 $ 54,351 $ 63,583 The following table represents a reconciliation of income taxes computed at the federal statutory income tax rate of 21% to income tax expense as reported: Year ended December 31, (in thousands) 2023 2022 2021 Income tax expense computed at federal statutory income tax rate $ 50,736 $ 54,481 $ 52,043 Foreign taxes, net of credits (11,859) (6,063) (2,029) Net adjustments for uncertain tax positions 1,010 768 793 State and local taxes 6,160 3,430 4,184 Nondeductible expenses 2,250 1,413 2,347 Valuation allowance (110) 4,079 9,626 Tax credits (5,214) (3,418) (3,322) Miscellaneous other, net 20 (339) (59) Income tax expense as reported $ 42,993 $ 54,351 $ 63,583 Effective income tax rate 17.8 % 20.9 % 25.7 % The components of net deferred tax assets (liabilities) were as follows: December 31, (in thousands) 2023 2022 Deferred tax assets Compensation and benefits $ 17,867 $ 15,453 Share-based compensation 9,890 9,234 Pension and other postretirement benefits 11,892 12,787 Inventories 22,258 25,223 R&D capitalization 48,949 36,426 Lease liability 25,161 16,248 Transaction costs 807 1,026 Nondeductible accruals and reserves 12,805 12,240 Miscellaneous 1,126 254 Net operating loss and other tax carryforwards 40,371 58,741 Gross deferred tax assets 191,126 187,632 Valuation allowance (33,999) (34,109) Total deferred tax assets 157,127 153,523 Deferred tax liabilities Property, plant and equipment (6,413) (4,874) Identifiable intangible assets (87,616) (80,235) Right-of-use assets (23,817) (15,380) Tax on unremitted earnings (10,674) (7,354) Foreign exchange derivative instruments (2,723) (2,158) Miscellaneous (1,510) (1,867) Total deferred tax liabilities (132,753) (111,868) Net deferred tax asset $ 24,374 $ 41,655 Under U.S. tax law and regulations, certain changes in the ownership of the Company’s shares can limit the annual utilization of tax attributes (tax loss and tax credit carryforwards) that were generated prior to such ownership changes. The annual limitation could affect the realizability of the Company’s deferred tax assets recorded in the financial statement for its tax credit carryforwards because the carryforward periods have a finite duration. The 2016 initial public offering, and associated share transfers, resulted in significant changes in the composition of the ownership of the Company’s shares. Based on its analysis of the change of ownership tax rules in conjunction with the estimated amount and source of its future earnings and related tax profile, the Company believes its existing U.S. tax attributes will be utilized prior to their expiration, with the exception of certain tax attributes for which the Company has established a valuation allowance. As of December 31, 2023 and 2022, the Company had state net operating loss (“NOL”) carryforwards of $50.6 million and $74.8 million, respectively. These NOL carryforwards will begin to expire in 2024. As of December 31, 2023 and 2022, the Company had foreign tax credit carryforwards of $27.7 million and $31.9 million, respectively. These foreign tax credits will begin to expire in 2028. As of December 31, 2023 and 2022, the Company had U.S. general business credit carryforwards of $11.1 million and $24.9 million, respectively. These credits will begin to expire in 2031. As of December 31, 2023 and 2022, the Company had state income tax credits of $9.0 million and $8.7 million, respectively. These credits will begin to expire in 2031. Changes in the valuation allowance for deferred tax assets were as follows: Year ended December 31, (in thousands) 2023 2022 2021 Valuation allowance at beginning of year $ 34,109 $ 30,030 $ 20,404 (Decreases) increases recorded to income tax provision (110) 4,079 9,626 Valuation allowance at end of year $ 33,999 $ 34,109 $ 30,030 The Company evaluates the realizability of its deferred tax assets based upon the weight of available positive and negative evidence. In assessing the realizability of these assets, the Company considered numerous factors including historical profitability, the character and estimated future taxable income, prudent and feasible tax planning strategies, and the industry in which it operates. The Company’s conclusion was primarily driven by cumulative income in its respective tax jurisdictions as well as projections of future income driven by sustained profitability. In 2023, the change in the valuation allowance of $0.1 million is principally due to excess U.S. foreign tax credits arising from the Company's Japan branch operations and state tax attributes that it expects to expire unutilized. In 2022 and 2021, the change in valuation allowance was principally due to excess U.S. foreign tax credits arising from its Japan branch operations and state tax attributes that it expects to expire unutilized. The Company has determined that its undistributed earnings for most of its foreign subsidiaries are not permanently reinvested. The Company has provided for withholding taxes on all unremitted earnings that are not permanently reinvested, as required. The Company's unrecognized tax benefits represent tax positions for which reserves have been established. The following table represents a reconciliation of the activity related to the unrecognized tax benefits, excluding accrued interest and penalties: Year ended December 31, (in thousands) 2023 2022 2021 Unrecognized tax benefits at beginning of year $ 9,538 $ 8,658 $ 7,822 Gross additions - prior year tax positions 191 — — Gross additions - current year tax positions 1,229 1,054 1,004 Gross reductions - prior year tax positions (176) (174) (168) Unrecognized tax benefits at end of year $ 10,782 $ 9,538 $ 8,658 As of December 31, 2023, 2022 and 2021, the unrecognized tax benefits of $10.8 million, $9.5 million and $8.7 million, respectively, would affect the Company's future effective tax rate if recognized. The Company does not anticipate a material change in unrecognized tax benefits within the next 12 months. The Company recognizes accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes on the consolidated statements of operations. As of December 31, 2023, the Company recognized a de minimis liability for interest and penalties. As of December 31, 2022 and 2021, the Company recognized a liability of $0.2 million for interest and penalties. During the year ended December 31, 2023, the Company recognized an income tax benefit of $0.2 million related to interest and penalties as a component of income tax expense. During the year ended December 31, 2022, the Company recognized de minimis interest and penalties as a component of income tax expense. The Company and certain subsidiaries have tax years that remain open and are subject to examination by tax authorities in the following major taxing jurisdictions: United States for years after July 29, 2011, Japan for years after 2015, Korea for years after 2020 and the United Kingdom for years after 2016. The Company files income tax returns on a combined, unitary, or stand-alone basis in multiple state and local jurisdictions, which generally have statute of limitations from three to four years. Various state and local income tax returns, as well as certain international jurisdictions, are currently in the process of examination. These examinations are unlikely to result in any significant changes to the amounts of unrecognized tax benefits on the consolidated balance sheet as of December 31, 2023.

Common Stock

Common Stock	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Common Stock	Common Stock As of December 31, 2023 and 2022, the Company's certificate of incorporation, as amended and restated, authorized the Company to issue 500,000,000 shares of $0.001 par value common stock. Each share of common stock entitles the holder to one vote on all matters submitted to a vote of the Company's shareholders. Common shareholders are entitled to receive dividends whenever funds are legally available and when declared by the Board of Directors, subject to the prior rights of holders of all classes of stock outstanding. Dividends The Company declared dividends per common share, including DERs (Note 17), during the periods presented as follows: Dividends Amount (in thousands) 2023: Fourth Quarter $ 0.195 $ 12,941 Third Quarter 0.195 13,098 Second Quarter 0.195 13,667 First Quarter 0.195 13,629 Total dividends declared in 2023 $ 0.780 $ 53,335 2022: Fourth Quarter $ 0.180 $ 12,986 Third Quarter 0.180 13,192 Second Quarter 0.180 13,400 First Quarter 0.180 13,473 Total dividends declared in 2022 $ 0.720 $ 53,051 2021: Fourth Quarter $ 0.165 $ 12,619 Third Quarter 0.165 12,692 Second Quarter 0.165 12,768 First Quarter 0.165 12,767 Total dividends declared in 2021 $ 0.660 $ 50,846 During the first quarter of 2024, the Company's Board of Directors declared a dividend of $0.215 per share of common stock to shareholders of record as of March 8, 2024, which is payable on March 22, 2024 . Share Repurchase Program During the year ended December 31, 2023, the Board of Directors authorized the Company to repurchase up to an additional $250.0 million of its issued and outstanding common stock, bringing the total authorization under its existing share repurchase program up to $700.0 million as of December 31, 2023. Share repurchases may be effected from time to time in open market or privately negotiated transactions, including transactions with affiliates, with the timing of purchases and the amount of stock purchased generally determined at the discretion of the Company consistent with the Company's general working capital needs and within the constraints of the Company’s credit agreement. On May 10, 2019, in connection with this share repurchase program, the Company entered into an agreement with Magnus to purchase from Magnus an equal amount of its common stock as it purchases on the open market, up to an aggregate of $24.9 million, at the same weighted average per share price (the "2019 Agreement"). As the Company purchased a cumulative total of $24.9 million of its common stock through open market purchases, the determination date, as defined in the 2019 Agreement, was automatically triggered on March 18, 2021. As a result, on April 2, 2021, the Company purchased 355,341 shares of its common stock for an aggregate of $11.1 million from Magnus, in satisfaction of its obligations under the 2019 Agreement. On November 8, 2021, the Company entered into an agreement with Magnus to purchase from Magnus an equal amount of its common stock as it purchases on the open market, up to an aggregate of $37.5 million, at the same weighted average per share price (the "2021 Agreement"). In relation to the 2021 Agreement, on January 24, 2022, the Company purchased 699,819 shares of its common stock for an aggregate of $37.5 million from Magnus, in satisfaction of its obligations under the 2021 Agreement. On June 16, 2022, the Company entered into an agreement with Magnus to purchase from Magnus an equal amount of its common stock as it purchases on the open market over the period of time from July 1, 2022 through January 13, 2023, up to an aggregate of $75.0 million, at the same weighted average per share price (the "2022 Agreement"). On August 30, 2022, the Company amended and restated the 2022 Agreement to increase the aggregate dollar amount of shares of its common stock that it would purchase from Magnus from $75.0 million to $100.0 million (the "Amended and Restated 2022 Agreement"). In relation to this agreement, the Company recorded a share repurchase liability of $92.6 million for 2,000,839 shares of common stock, which was included in accrued expenses and other liabilities and treasury stock on the consolidated balance sheet as of December 31, 2022. Between January 1, 2023 and January 13, 2023, the Company purchased an additional 167,689 shares of its common stock on the open market for an aggregate of $7.4 million, bringing the cumulative total open market purchases since the inception of the 2022 Agreement to $100.0 million. As a result, on January 23, 2023, the Company purchased 2,168,528 shares of its common stock from Magnus for an aggregate of $100.0 million, in satisfaction of its obligation under the Amended and Restated 2022 Agreement. On June 9, 2023, the Company entered into a new agreement with Magnus to purchase from Magnus an equal amount of its common stock as it purchases on the open market over the period of time from June 12, 2023 through October 27, 2023, up to an aggregate of $100.0 million, at the same weighted average per share price (the "2023 Agreement"). In relation to the 2023 Agreement, on November 3, 2023, the Company purchased 1,824,994 shares of its common stock from Magnus for an aggregate of $100.0 million in satisfaction of its obligation under the 2023 Agreement. The Company's share repurchase activity for the periods presented was as follows: Year ended December 31, (in thousands, except share and per share amounts) 2023 2022 2021 Shares purchased in the open market (1) : Shares purchased 2,492,883 3,415,044 1,049,522 Average price $ 53.13 $ 44.88 $ 51.81 Aggregate value $ 132,437 $ 153,258 $ 54,372 Shares purchased from Magnus: Shares purchased 3,993,522 699,819 355,341 Average price (2) $ 50.08 $ 53.59 $ 31.31 Aggregate value $ 200,002 $ 37,501 $ 11,125 Total shares purchased: Shares purchased 6,486,405 4,114,863 1,404,863 Average price $ 51.25 $ 46.36 $ 46.62 Aggregate value $ 332,439 $ 190,759 $ 65,497 ___________________________________ (1) Excludes $1.1 million of excise tax on share repurchases made during the year ended December 31, 2023, in accordance with the Inflation Reduction Act of 2022, which were included in the cost basis of treasury stock acquired during the year ended December 31, 2023. (2) In accordance with the share repurchase agreements, shares purchased from Magnus are accrued for at the same weighted average price as those purchased on the open market, as if the purchase from Magnus had occurred on the same day. As such, the average price of Magnus repurchases during any given period will differ from open market repurchases due to the settlement of the previously recorded share repurchase liability, as well as, open market purchases made after the completion of the Magnus Share repurchase agreements. As of December 31, 2023, the Company had $75.0 million remaining under the current share repurchase authorization. On February 15, 2024, the Company's Board of Directors authorized the Company to repurchase up to an additional $300.0 million of its issued and outstanding common stock, bringing the total authorization up to $1.0 billion since the share repurchase program was established in 2018. This program will remain in effect until completed or until terminated by the Board of Directors. Common Stock Retirement

Equity Incentive Plans

Equity Incentive Plans	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Equity Incentive Plans	Equity Incentive Plans Under the Acushnet Holdings Corp. 2015 Omnibus Incentive Plan (“2015 Plan”), the Company may grant stock options, stock appreciation rights, restricted shares of common stock, restricted stock units ("RSUs"), performance stock units ("PSUs") and other share-based and cash-based awards to members of the Board of Directors, officers, employees, consultants and advisors of the Company. The 2015 Plan is administered by the compensation committee (the “Administrator”). The Administrator has the authority to establish the terms and conditions of any award issued or granted under the 2015 Plan. As of December 31, 2023, the only awards granted under the 2015 Plan were RSUs and PSUs. Restricted Stock and Performance Stock Units RSUs granted to members of the Board of Directors vest immediately into shares of common stock. RSUs granted to Company officers generally vest over three years, with one-third of each grant vesting annually, subject to the recipient's continued employment with the Company. RSUs granted to other employees, consultants and advisors of the Company vest in accordance with the terms of the grants, generally either over three years or, beginning in 2022, with one-third of each grant vesting annually, subject to the recipient’s continued service to the Company. PSUs granted to Company officers and other employees vest based upon the Company's performance against specified metrics, generally over a three year performance period, subject to the recipient's continued service to the Company. At the end of the performance period, the number of shares of common stock that could be issued is determined based upon the Company's performance against these metrics. The number of shares that could be issued can range from 0% to 200% of the recipient's target award. Recipients of the awards granted under the 2015 Plan may elect to defer receipt of all or any portion of any shares of common stock issuable upon vesting to a future date elected by the recipient. All RSUs and PSUs granted under the 2015 Plan have DERs, which entitle holders of RSUs and PSUs to the same dividend value per share as holders of common stock and can be paid in either cash or common stock. DERs are subject to the same vesting and other terms and conditions as the corresponding unvested RSUs and PSUs. DERs are paid when the underlying shares of common stock are delivered. Each share issued with respect to RSUs and PSUs granted under the 2015 Plan reduces the number of shares available for grant. RSUs and PSUs forfeited and shares withheld to satisfy tax withholding obligations increase the number of shares available for grant. As of December 31, 2023, there were 5,476,366 remaining shares of common stock reserved for issuance under the 2015 Plan of which 2,677,900 remain available for future grants. A summary of the Company’s RSUs and PSUs as of December 31, 2023, 2022 and 2021 and changes during the years then ended is presented below: Number Weighted- Number of PSUs (6) Weighted- Outstanding as of December 31, 2020 1,253,173 $ 24.33 457,576 $ 24.55 Granted 314,060 45.81 145,882 45.36 Vested (1)(2) (806,645) 24.43 (189,181) 23.47 Forfeited (69,215) 27.46 (47,210) 28.74 Outstanding as of December 31, 2021 691,373 $ 33.66 367,067 $ 32.84 Granted 379,895 43.97 167,611 43.96 Vested (3) (91,641) 35.39 — — Forfeited (34,932) 37.88 (5,312) 38.86 Outstanding as of December 31, 2022 944,695 $ 37.48 529,366 $ 36.30 Granted 476,614 48.10 196,572 48.22 Vested (4)(5) (528,020) 31.87 (231,809) 25.80 Forfeited (25,226) 46.85 (13,875) 42.33 Outstanding as of December 31, 2023 868,063 $ 46.45 480,254 $ 46.07 _______________________________________________________________________________ (1) Included 546,726 shares of common stock related to RSUs that were not delivered as of December 31, 2021. The aggregate fair value of RSUs vested was $38.4 million. (2) Based upon the Company’s level of achievement of the applicable performance metrics, the recipients of the 189,181 PSUs vested during the year ended December 31, 2021, were entitled to receive 378,362 shares of common stock. As of December 31, 2021, no shares of common stock had been delivered in connection with the vesting of these PSUs. The aggregate fair value of PSUs vested during the year ended December 31, 2021, as adjusted for the Company's achievement of the applicable performance metrics, was $20.1 million. (3) Included 52,849 shares of common stock related to RSUs that were not delivered as of December 31, 2022. The aggregate fair value of RSUs vested was $4.0 million. (4) Included 88,760 shares of common stock related to RSUs that were not delivered as of December 31, 2023. The aggregate fair value of RSUs vested was $25.6 million. (5) Based upon the Company’s level of achievement of the applicable performance metrics, the recipients of the 231,809 PSUs vested during the year ended December 31, 2023, were entitled to receive 461,568 shares of common stock. As of December 31, 2023, there were 230,089 shares of common stock that had not been delivered in connection with the vesting of these PSUs. The aggregate fair value of PSUs vested during the year ended December 31, 2023, as adjusted for the Company's achievement of the applicable performance metrics, was $22.5 million. (6) Number of PSUs assume that 100% of the target level of performance was achieved. Compensation expense recorded related to RSUs and PSUs in the consolidated statements of operations was as follows: Year ended December 31, (in thousands) 2023 2022 2021 RSU $ 17,055 $ 13,269 $ 12,113 PSU 11,989 10,157 14,871 The remaining unrecognized compensation expense related to unvested RSUs and unvested PSUs granted was $20.4 million and $12.0 million, respectively, as of December 31, 2023 and is expected to be recognized over the related weighted average period of 1.3 years and 1.8 years, respectively. A summary of shares of common stock issued related to the 2015 Plan, including the impact of any DERs issued in common stock, is presented below: Year ended Year ended December 31, 2023 December 31, 2022 RSUs PSUs RSUs PSUs Shares of common stock issued 474,886 231,580 525,029 188,527 Shares of common stock withheld by the Company as payment by employees in lieu of cash to satisfy tax withholding obligations (128,912) (91,843) (159,854) (87,215) Net shares of common stock issued 345,974 139,737 365,175 101,312 Cumulative undelivered shares of common stock 462,799 421,331 407,173 191,242 Compensation Expense The allocation of share-based compensation expense in the consolidated statement of operations was as follows: Year ended December 31, (in thousands) 2023 2022 2021 Cost of goods sold $ 1,615 $ 1,316 $ 874 Selling, general and administrative 26,291 21,183 25,388 Research and development 1,803 1,584 1,377 Total compensation expense before income tax 29,709 24,083 27,639 Income tax benefit 5,126 4,174 4,631 Total compensation expense, net of income tax $ 24,583 $ 19,909 $ 23,008

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss, Net of Tax	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Accumulated Other Comprehensive Loss, Net of Tax	Accumulated Other Comprehensive Loss, Net of Tax Accumulated other comprehensive loss, net of tax consists of foreign currency translation adjustments (Note 2), unrealized gains and losses from derivative instruments designated as cash flow hedges (Note 12) and pension and other postretirement adjustments (Note 14). The components of and changes in accumulated other comprehensive loss, net of tax, were as follows: (in thousands) Foreign Foreign Exchange Derivative Interest Rate Swap Pension and Accumulated Balances as of December 31, 2021 $ (66,915) $ 5,167 $ — $ (37,834) $ (99,582) Other comprehensive (loss) income before reclassifications (30,940) 10,856 — 19,124 (960) Amounts reclassified from accumulated other comprehensive loss, net of tax — (9,840) — 6,349 (3,491) Tax expense — (585) — (5,050) (5,635) Balances as of December 31, 2022 $ (97,855) $ 5,598 $ — $ (17,411) $ (109,668) Other comprehensive income before reclassifications 2,430 4,880 991 6,430 14,731 Amounts reclassified from accumulated other comprehensive loss, net of tax — (6,982) (690) (793) (8,465) Tax benefit (expense) — 433 (74) (1,306) (947) Balances as of December 31, 2023 $ (95,425) $ 3,929 $ 227 $ (13,080) $ (104,349)

Interest Expense, Net and Other

Interest Expense, Net and Other Expense, Net	12 Months Ended
	Dec. 31, 2023
Interest Expense and Other (Income) Expense, Net
Interest Expense, Net and Other Expense, Net	Interest Expense, Net and Other Expense, Net The components of interest expense, net were as follows: Year ended December 31, (in thousands) 2023 2022 2021 Interest expense $ 43,630 $ 14,012 $ 6,730 (Gain) loss on interest rate swap (690) — 1,569 Interest income (1,652) (743) (590) Total interest expense, net $ 41,288 $ 13,269 $ 7,709 The components of other expense, net were as follows: Year ended December 31, (in thousands) 2023 2022 2021 Non-service cost component of net periodic benefit cost $ 3,327 $ 7,994 $ 5,697 Other (income) expense (910) 835 (1,417) Total other expense, net $ 2,417 $ 8,829 $ 4,280

Net Income per Common Share

Net Income per Common Share	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Net Income per Common Share	Net Income per Common Share The following is a computation of basic and diluted net income per common share attributable to Acushnet Holdings Corp.: Year ended December 31, (in thousands, except share and per share amounts) 2023 2022 2021 Net income attributable to Acushnet Holdings Corp. $ 198,429 $ 199,278 $ 178,873 Weighted average number of common shares: Basic 67,063,933 71,958,879 74,536,637 RSUs 311,992 354,960 560,449 PSUs 141,180 246,259 167,988 Diluted 67,517,105 72,560,098 75,265,074 Net income per common share attributable to Acushnet Holdings Corp.: Basic $ 2.96 $ 2.77 $ 2.40 Diluted $ 2.94 $ 2.75 $ 2.38 Net income per common share attributable to Acushnet Holdings Corp. was calculated using the treasury stock method. The Company’s potential dilutive securities for the years ended December 31, 2023, 2022 and 2021 include RSUs and PSUs. PSUs vest based upon achievement of performance targets and are excluded from the diluted shares outstanding unless the performance targets have been met as of the end of the applicable reporting period regardless of whether such performance targets are probable of achievement. The following securities have been excluded from the calculation of diluted weighted‑average common shares outstanding as their impact was determined to be anti‑dilutive: Year ended December 31, 2023 2022 2021 RSUs 66,590 107,497 72,871

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Segment Information	Segment Information The Company’s operating segments are based on how the Chief Operating Decision Maker (“CODM”) makes decisions about assessing performance and allocating resources. The Company has four reportable segments that are organized on the basis of product categories. These segments include Titleist golf balls, Titleist golf clubs, Titleist golf gear and FootJoy golf wear. The CODM primarily evaluates performance using segment operating income (loss). Segment operating income (loss) includes directly attributable expenses and certain shared costs of corporate administration that are allocated to the reportable segments, but excludes certain other costs, such as interest expense, net; restructuring costs; the non-service cost component of net periodic benefit cost; transaction fees; as well as other non-operating gains and losses that the Company does not allocate to the reportable segments. The CODM does not evaluate a measure of assets when assessing performance. Results shown for the years ended December 31, 2023, 2022 and 2021 are not necessarily those which would be achieved if each segment was an unaffiliated business enterprise. There are no intersegment transactions. Information by reportable segment and a reconciliation to reported amounts are as follows: Year ended December 31, (in thousands) 2023 2022 2021 Net sales Titleist golf balls $ 761,724 $ 678,844 $ 667,552 Titleist golf clubs 658,645 609,573 551,532 Titleist golf gear 216,161 204,946 192,613 FootJoy golf wear 596,444 617,951 580,550 Other 149,021 159,022 155,683 Total net sales $ 2,381,995 $ 2,270,336 $ 2,147,930 Segment operating income Titleist golf balls $ 144,266 $ 112,738 $ 106,202 Titleist golf clubs 106,542 100,926 75,397 Titleist golf gear 21,246 11,652 14,696 FootJoy golf wear 16,079 36,982 44,210 Other 13,204 24,252 23,437 Total segment operating income 301,337 286,550 263,942 Reconciling items: Interest expense, net (41,288) (13,269) (7,709) Non-service cost component of net periodic benefit cost (3,327) (7,994) (5,697) Other (15,122) (5,852) (2,713) Total income before income tax $ 241,600 $ 259,435 $ 247,823 Depreciation and amortization expense by reportable segment are as follows: Year ended December 31, (in thousands) 2023 2022 2021 Depreciation and amortization Titleist golf balls $ 23,228 $ 21,644 $ 22,248 Titleist golf clubs 13,321 8,672 8,136 Titleist golf gear 4,410 1,843 1,715 FootJoy golf wear 7,613 6,677 6,293 Other 2,784 2,870 2,851 Total depreciation and amortization $ 51,356 $ 41,706 $ 41,243 Information as to the Company’s operations in different geographical areas is presented below. Net sales are categorized based on the location in which the sale originates. Year ended December 31, (in thousands) 2023 2022 2021 Net sales United States $ 1,350,006 $ 1,227,801 $ 1,125,006 EMEA (1) 314,655 321,545 296,003 Japan 149,425 161,027 187,985 Korea 301,815 312,655 322,609 Rest of World 266,094 247,308 216,327 Total net sales $ 2,381,995 $ 2,270,336 $ 2,147,930 ___________________________________ (1) Europe, the Middle East and Africa (“EMEA”) Long-lived assets (property, plant and equipment, net) categorized based on their location of domicile are as follows: Year ended December 31, (in thousands) 2023 2022 Long-lived assets United States $ 213,827 $ 178,375 EMEA 12,926 10,949 Japan 5,613 2,529 Korea 8,286 6,495 Rest of World (1) 54,691 56,124 Total long-lived assets $ 295,343 $ 254,472 ___________________________________ (1) Includes manufacturing facilities in Thailand with long lived assets of $43.7 million and $44.2 million as of December 31, 2023 and 2022, respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Purchase Obligations During the normal course of its business, the Company enters into agreements to purchase goods and services, including purchase commitments for advertising (including media placement and production costs), finished goods inventory, capital expenditures and endorsement arrangements with professional golfers. The Company's purchase obligations as of December 31, 2023 were as follows: Payments Due by Period (in thousands) 2024 2025 2026 2027 2028 Thereafter Purchase obligations (1) $ 287,422 $ 52,444 $ 2,619 $ 2,467 $ 2,416 $ 7,239 (1) The reported amounts exclude those liabilities included in accounts payable or accrued liabilities on the consolidated balance sheet as of December 31, 2023. Litigation

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation
Use of Estimates	Use of Estimates The preparation of the Company’s consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and judgments that affect reported amounts of assets and liabilities and related disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.
Variable Interest Entities	Variable Interest Entities VIEs are entities that, by design, either (i) lack sufficient equity to permit the entity to finance its activities independently, or (ii) have equity holders that do not have the power to direct the activities of the entity that most significantly impact its economic performance, the obligation to absorb the entity’s expected losses, or the right to receive the entity’s expected residual returns. The Company consolidates a VIE when it is the primary beneficiary, which is the party that has both (i) the power to direct the activities that most significantly impact the VIE’s economic performance and (ii) through its interests in the VIE, the obligation to absorb expected losses or the right to receive expected benefits from the VIE that could potentially be significant to the VIE. The Company consolidates the accounts of Acushnet Lionscore Limited, a VIE which is 40% owned by the Company. The sole purpose of the VIE is to manufacture the Company’s golf footwear and as such, the Company is deemed to be the primary beneficiary. The Company has presented separately on its consolidated balance sheets, to the extent material, the assets of its consolidated VIE that can only be used to settle specific obligations of its consolidated VIE and the liabilities of its consolidated VIE for which creditors do not have recourse to its general credit. The general creditors of the VIE do not have recourse to the Company. Certain directors of the VIE have guaranteed the credit lines of the VIE, for which there were no outstanding borrowings as of December 31, 2023 and 2022. In addition, pursuant to the terms of the agreement governing the VIE, the Company is not required to provide financial support to the VIE.
Noncontrolling Interests and Redeemable Noncontrolling Interests	Noncontrolling Interests and Redeemable Noncontrolling Interests The ownership interests held by owners other than the Company in less than wholly-owned subsidiaries are classified as noncontrolling interests. The financial results and position of noncontrolling interests are included in the Company’s consolidated financial statements. The value attributable to the noncontrolling interests is presented on the consolidated balance sheets, separately from the equity attributable to the Company. Net income (loss) and comprehensive income (loss) attributable to noncontrolling interests are presented separately on the consolidated statements of operations and consolidated statements of comprehensive income, respectively.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash
Concentration of Credit Risk	Concentration of Credit Risk
Inventories	Inventories
Long-Lived Assets	Long-Lived Assets Long-lived assets, including property, plant and equipment and amortizing intangible assets, are recorded at cost less accumulated depreciation and amortization, respectively. Depreciation and amortization are recorded on a straight-line basis over the estimated useful lives of the assets, except for leasehold and tenant improvements which are amortized over the shorter of the lease term or the estimated useful lives of the assets. Gains or losses resulting from disposals are included in income from operations. Betterments and renewals, which improve and extend the life of an asset, are capitalized. Maintenance and repair costs are expensed as incurred. Estimated useful lives of property, plant and equipment asset categories were as follows: Buildings and improvements 15 - 40 years Machinery and equipment 3 - 10 years Furniture, fixtures and computer hardware 3 - 10 years Computer software 1 - 10 years three
Impairment	Impairment A long-lived asset (including right of use assets) or asset group is tested for recoverability whenever events or changes in circumstances indicate that its carrying amount may not be recoverable. When such events occur, the Company compares the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset or asset group to the carrying amount of the asset or asset group. The cash flows are based on the best estimate of future cash flows derived from the most recent business projections. If the carrying value exceeds the sum of the undiscounted cash flows, an impairment loss is recognized based on the excess of the asset's or asset group's carrying value over its fair value. Fair value is determined based on discounted expected future cash flows on a market participant basis. The Company continually evaluates whether events and circumstances have occurred that indicate the remaining estimated useful life of long-lived assets may warrant revision or that the remaining balance may not be recoverable. These factors may include a significant deterioration of operating results, changes in business plans, or changes in anticipated cash flows.
Goodwill and Indefinite-Lived Intangible Assets	Goodwill and Indefinite-Lived Intangible Assets Goodwill and indefinite-lived intangible assets are not amortized but instead are measured for impairment at least annually, or more frequently when events or changes in circumstances indicate that the carrying amount of the asset may be impaired. The Company performs its annual impairment tests in the fourth quarter of each fiscal year. Goodwill is assigned to reporting units for purposes of impairment testing. A reporting unit may be the same as an operating segment or one level below an operating segment. For purposes of assessing potential impairment, the Company compares the fair value of the reporting unit to its carrying value. If the fair value of the reporting unit exceeds the carrying value of the net assets assigned to that unit, goodwill is considered not impaired. If the carrying value of the net assets assigned to the reporting unit exceeds the fair value of the reporting unit, then the Company records a goodwill impairment loss in the amount of the excess of a reporting unit’s carrying value over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The fair value of the reporting units is determined using the income approach. The income approach uses a discounted cash flow analysis which involves applying appropriate discount rates to estimated future cash flows based on forecasts of sales, costs and capital requirements. Purchased intangible assets other than goodwill are amortized over their useful lives unless those lives are determined to be indefinite. Certain of the Company's trademarks have been assigned an indefinite life as the Company currently anticipates that these trademarks will contribute to its cash flows indefinitely. Indefinite-lived trademarks are reviewed for impairment annually and may be reviewed more frequently if indicators of impairment are present. Impairment losses are
Leases	Leases At the inception of a contract, the Company assesses whether the contract is, or contains, a lease. The Company's assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether the Company obtained the right to substantially all of the economic benefit from the use of the asset throughout the period, and (3) whether the Company has the right to direct the use of the asset. All leases are accounted for under Accounting Standards Codification ("ASC") 842 and are classified as either operating or finance leases. A lease is classified as a finance lease if any one of the following criteria is met: the lease transfers ownership of the asset by the end of the lease term, the lease contains an option to purchase the asset that is reasonably certain to be exercised, the lease term is for a major part of the remaining useful life of the asset, the present value of the lease payments equals or exceeds substantially all of the fair value of the asset, or the leased asset is of a highly specialized nature. A lease is classified as an operating lease if it does not meet any one of these criteria. The Company recognizes operating lease right-of-use assets and operating lease liabilities on its consolidated balance sheets. Right-of-use assets represent the right to use the leased asset for the lease term. Lease liabilities represent the present value of the lease payments under the lease. Right-of-use assets are initially measured at cost, which primarily comprises the initial amount of the lease liability, plus any initial direct costs incurred less any lease incentives received. Lease payments included in the measurement of the lease liability comprise the following: the fixed non-cancelable lease payments, payments for optional renewal periods where it is reasonably certain the renewal period will be exercised, and payments for early termination options unless it is reasonably certain the lease will not be terminated early. The discount rate implicit within the Company's leases is generally not determinable and therefore the Company determines the discount rate based on its incremental collateralized borrowing rate applicable to the location where the lease is held. The incremental borrowing rate for each of the Company's leases is determined based on the lease term and currency in which such lease payments are made. The lease classification affects the expense recognition in the consolidated statements of operations. Operating lease expense consists of the lease payments plus any initial direct costs and is recognized on a straight-line basis over the lease term in the consolidated statements of operations. Finance lease charges are split, where amortization of the right-of-use asset is recorded as depreciation expense and an implied interest component is recorded in interest expense, net. Variable lease costs are expensed as incurred and include maintenance costs, real estate taxes and property insurance. The Company has elected to not separate non-lease components within its lease portfolio and has also elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a term of 12 months or less.
Debt Issuance Costs	Debt Issuance Costs
Fair Value Measurements	Fair Value Measurements Certain assets and liabilities are carried at fair value under U.S. GAAP. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value must maximize the use of observable inputs and minimize the use of unobservable inputs. Financial assets and liabilities carried at fair value are to be classified and disclosed in one of the following three levels of the fair value hierarchy, of which the first two are considered observable and the last is considered unobservable: • Level 1—Quoted prices in active markets for identical assets or liabilities. • Level 2—Observable inputs (other than Level 1 quoted prices), such as quoted prices in active markets for similar assets or liabilities, quoted prices in markets that are not active for identical or similar assets or liabilities, or other inputs that are observable or can be corroborated by observable market data. • Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to determining the fair value of the assets or liabilities, including pricing models, discounted cash flow methodologies and similar techniques.
Pension and Other Postretirement Benefit Plans	Pension and Other Postretirement Benefit Plans The Company provides U.S. and foreign defined benefit and defined contribution plans to certain eligible employees and postretirement benefits to certain retirees, including pensions, postretirement healthcare benefits and other postretirement benefits. Plan assets and obligations are measured using various actuarial assumptions, such as discount rates, rate of compensation increase, mortality rates, turnover rates and health care cost trend rates, as determined at each year end measurement date. The measurement of net periodic benefit cost is based on various actuarial assumptions, including discount rates, expected return on plan assets and rate of compensation increase, which are determined as of the prior year measurement date. The determination of the discount rate is generally based on an index created from a hypothetical bond portfolio consisting of high-quality fixed income securities with durations that match the timing of expected benefit payments. The expected return on plan assets is determined based on several factors, including adjusted historical returns, historical risk premiums for various asset classes and target asset allocations within the portfolio. Adjustments made to the historical returns are based on recent return experience in the equity and fixed income markets and the belief that deviations from historical returns are likely over the relevant investment horizon. Actual cost is also dependent on various other factors related to the employees covered by these plans. The effects of actuarial deviations from assumptions are generally accumulated and, if over a specified corridor, amortized over the remaining service period of the employees. The cost or benefit of plan changes, such as increasing or decreasing benefits for prior employee service (prior service cost), is deferred and included in expense on a straight-line basis over the average remaining service period of the related employees. The Company's actuarial assumptions are reviewed on an annual basis and modified when appropriate.
Income Taxes	Income Taxes The Company accounts for income taxes using the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between consolidated financial statement carrying amounts and tax basis amounts at enacted tax rates expected to be in effect when the temporary differences reverse. A valuation allowance is recorded to reduce deferred income tax assets when it is more-likely-than-not that such assets will not be realized. Potential for recovery of deferred tax assets is evaluated by estimating the future taxable profits expected and considering prudent and feasible tax planning strategies. The Company records liabilities for uncertain income tax positions based on the two-step process. The first step is recognition, where an individual tax position is evaluated as to whether it has a likelihood of greater than 50% of being sustained upon examination based on the technical merits of the position, including resolution of any related appeals or litigation processes. For tax positions that are currently estimated to have a less than 50% likelihood of being sustained, no tax benefit is recorded. For tax positions that have met the recognition threshold in the first step, the Company performs the second step of measuring the benefit to be recorded. The amount of the benefit that may be recognized is the largest amount that has a greater than 50% likelihood of being realized on ultimate settlement. The actual benefits ultimately realized may differ from the estimates. In future periods, changes in facts, circumstances and new information may require the Company to change the recognition and measurement estimates with regard to individual tax positions. Changes in recognition and measurement estimates are recorded in income tax expense and liability in the period in which such changes occur. The Company recognizes accrued interest and penalties related to unrecognized tax benefits in the provision for income taxes on the consolidated statements of operations. The 2017 Tax Act subjects the Company to a tax on Global Intangible Low-Taxed Income (“GILTI”). GILTI is a tax on foreign income in excess of a deemed return on tangible assets of related foreign corporations. Companies subject to GILTI have the option to account for the GILTI tax as a period cost if and when incurred, or to recognize deferred taxes for temporary differences, including outside basis differences, expected to reverse as GILTI. The Company has elected to account for GILTI as a period cost.
Cost of Goods Sold	Cost of Goods Sold Cost of goods sold includes all costs to make products salable, such as inbound freight, purchasing and receiving costs, inspection costs and transfer costs. In addition, all depreciation expense associated with assets used to manufacture products and make them salable is included in cost of goods sold.
Product Warranty	Product Warranty one
Advertising and Promotion	Advertising and Promotion
Selling	Selling
Research and Development	Research and Development Research and development is expensed as incurred and includes product development costs, product improvement costs, product engineering costs and process improvement costs.
Foreign Currency Translation and Transactions	Foreign Currency Translation and Transactions
Derivative Financial Instruments	Derivative Financial Instruments
Share-based Compensation	Share-based Compensation
Recently Adopted Accounting Standards and Recently Issued Accounting Standards	Recently Adopted Accounting Standards Income Taxes On January 1, 2021, the Company adopted Accounting Standards Update ("ASU") 2019-12, "Income Taxes (Topic 740) - Simplifying the Accounting for Income Taxes" . The amendments in this update simplified the accounting for income taxes by removing certain exceptions to general principles in Topic 740. The amendments also improved consistent application and simplified U.S. GAAP for other areas of Topic 740 by clarifying and amending existing guidance. The adoption of this standard did not have a material impact on the consolidated financial statements. Recently Issued Accounting Standards In November 2023, the Financial Accounting Standards Board ("FASB") issued ASU 2023-07, "Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures" . The amendments in this update improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. Early adoption is permitted. The Company is currently evaluating the impact this standard will have on its consolidated financial statements and related disclosures. In December 2023, the FASB issued ASU 2023-09, "Income Taxes (Topic 740) - Improvements to Income Tax Disclosures"

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Schedule of Estimated Useful Lives of Property, Plant and Equipment	Estimated useful lives of property, plant and equipment asset categories were as follows: Buildings and improvements 15 - 40 years Machinery and equipment 3 - 10 years Furniture, fixtures and computer hardware 3 - 10 years Computer software 1 - 10 years

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Schedule of Components of Lease Cost and Supplemental Information	Lease costs recognized on the consolidated statements of operations were as follows: (in thousands) Year ended December 31, Lease costs Location in Statement of Operations 2023 2022 2021 Operating Cost of goods sold $ 2,450 $ 2,364 $ 1,888 Selling, general and administrative 19,777 13,337 14,305 Research and development 1,099 763 763 Finance Amortization of lease assets Selling, general and administrative 475 335 178 Interest on lease liabilities Interest expense, net 86 60 32 Short-term and low value lease cost 1,472 623 333 Variable lease cost 2,486 2,827 1,463 Total lease cost $ 27,845 $ 20,309 $ 18,962 The weighted average remaining lease term and the weighted average discount rate for leases is as follows: Year ended December 31, 2023 2022 2021 Weighted average remaining lease term (years): Operating 6.2 4.9 5.7 Finance 4.3 4.5 5.1 Weighted average discount rate: Operating 4.01 % 2.72 % 2.82 % Finance 4.52 % 4.23 % 3.70 % Supplemental cash flow information related to the Company's leases are as follows: Year ended December 31, (in thousands) 2023 2022 2021 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 21,623 $ 16,333 $ 16,457 Operating cash flows for finance leases 86 60 32 Financing cash flows for finance leases 478 334 177
Schedule of Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to the Company's leases is as follows: Year ended December 31, (in thousands) Balance Sheet Location 2023 2022 Right-of-use assets Finance Property, plant and equipment, net $ 2,031 $ 1,562 Operating Other assets 88,820 57,586 Total lease assets $ 90,851 $ 59,148 Lease liabilities Finance Accrued expenses and other liabilities $ 527 $ 364 Operating Accrued expenses and other liabilities 19,045 14,821 Finance Long-term debt 1,505 1,201 Operating Other noncurrent liabilities 73,348 44,830 Total lease liabilities $ 94,425 $ 61,216
Schedule of Reconciliation of Undiscounted Cash Flows for Lease Liabilities Recorded on Consolidated Balance Sheet	The following table reconciles the undiscounted cash flows for leases as of December 31, 2023 to lease liabilities recorded on the consolidated balance sheet: Operating Finance (in thousands) Leases Leases Total 2024 $ 22,430 $ 607 $ 23,037 2025 20,058 576 20,634 2026 15,020 453 15,473 2027 13,953 363 14,316 2028 10,747 190 10,937 Thereafter 24,029 48 24,077 Total future lease payments 106,237 2,237 108,474 Less: Interest (13,844) (205) (14,049) Present value of lease liabilities $ 92,393 $ 2,032 $ 94,425 Accrued expenses and other liabilities $ 19,045 $ 527 $ 19,572 Long-term debt — 1,505 1,505 Other noncurrent liabilities 73,348 — 73,348 Total lease liabilities $ 92,393 $ 2,032 $ 94,425
Schedule of Reconciliation of Undiscounted Cash Flows for Lease Liabilities Recorded on Consolidated Balance Sheet	The following table reconciles the undiscounted cash flows for leases as of December 31, 2023 to lease liabilities recorded on the consolidated balance sheet: Operating Finance (in thousands) Leases Leases Total 2024 $ 22,430 $ 607 $ 23,037 2025 20,058 576 20,634 2026 15,020 453 15,473 2027 13,953 363 14,316 2028 10,747 190 10,937 Thereafter 24,029 48 24,077 Total future lease payments 106,237 2,237 108,474 Less: Interest (13,844) (205) (14,049) Present value of lease liabilities $ 92,393 $ 2,032 $ 94,425 Accrued expenses and other liabilities $ 19,045 $ 527 $ 19,572 Long-term debt — 1,505 1,505 Other noncurrent liabilities 73,348 — 73,348 Total lease liabilities $ 92,393 $ 2,032 $ 94,425

Allowance for Doubtful Accoun_2

Allowance for Doubtful Accounts (Tables)	12 Months Ended
	Dec. 31, 2023
Receivables [Abstract]
Schedule of Activity Related to the Allowance for Doubtful Accounts	The activity related to the allowance for doubtful accounts was as follows: Year ended December 31, (in thousands) 2023 2022 2021 Balance at beginning of year $ 8,258 $ 5,980 $ 7,698 Bad debt expense (recovery) 1,120 3,199 (975) Amount of receivables written off (689) (704) (463) Foreign currency translation 151 (217) (280) Balance at end of year $ 8,840 $ 8,258 $ 5,980

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2023
Inventory Disclosure [Abstract]
Schedule of Inventories	The components of inventories were as follows: (in thousands) December 31, 2023 December 31, 2022 Raw materials and supplies $ 157,455 $ 154,881 Work-in-process 24,949 29,689 Finished goods 433,131 490,114 Inventories $ 615,535 $ 674,684

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment, Net	The components of property, plant and equipment, net were as follows: (in thousands) December 31, 2023 December 31, 2022 Land $ 14,329 $ 14,238 Buildings and improvements 194,585 169,855 Machinery and equipment 242,007 212,916 Furniture, computers and equipment 56,032 52,282 Computer software 90,264 87,512 Construction in progress 53,921 42,940 Property, plant and equipment, gross 651,138 579,743 Accumulated depreciation and amortization (355,795) (325,271) Property, plant and equipment, net $ 295,343 $ 254,472

Goodwill and Identifiable Int_2

Goodwill and Identifiable Intangible Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill Allocated to the Company's Reportable Segments and Changes in the Carrying Amount of Goodwill	Goodwill allocated to the Company's reportable segments and changes in the carrying amount of goodwill were as follows: (in thousands) Titleist Titleist Titleist FootJoy Other Total December 31, 2021 $ 125,949 $ 57,033 $ 13,838 $ 3,608 $ 10,003 $ 210,431 Additions (Note 8) — 20,148 — — — 20,148 Foreign currency translation (3,391) (1,647) (399) (73) (255) (5,765) December 31, 2022 122,558 75,534 13,439 3,535 9,748 224,814 Additions — 235 — — 514 749 Foreign currency translation (176) (86) (21) (4) 26 (261) December 31, 2023 $ 122,382 $ 75,683 $ 13,418 $ 3,531 $ 10,288 $ 225,302
Schedule of Net Carrying Value by Class of Identifiable Intangible Assets	The net carrying value by class of identifiable intangible assets was as follows: December 31, 2023 December 31, 2022 (in thousands) Gross Accumulated Net Book Gross Accumulated Net Book Indefinite-lived: Trademarks $ 429,051 $ — $ 429,051 $ 429,051 $ — $ 429,051 Amortizing: Trademarks 96,512 (8,836) 87,676 71,277 (2,534) 68,743 Completed technology 76,943 (66,939) 10,004 76,943 (61,656) 15,287 Customer relationships 28,146 (17,491) 10,655 27,490 (14,729) 12,761 Licensing fees and other 32,640 (32,619) 21 32,597 (32,536) 61 Total intangible assets $ 663,292 $ (125,885) $ 537,407 $ 637,358 $ (111,455) $ 525,903
Schedule of Amortization Expense Related to Identifiable Intangible Assets	Identifiable intangible asset amortization expense for each of the next five fiscal years and beyond is expected to be as follows: (in thousands) Year ending December 31, 2024 $ 14,068 2025 11,928 2026 8,439 2027 7,460 2028 6,968 Thereafter 59,493 Total $ 108,356

Product Warranty (Tables)

Product Warranty (Tables)	12 Months Ended
	Dec. 31, 2023
Product Warranties Disclosures [Abstract]
Schedule of Warranty Obligation for Accrued Warranty Expense	The activity related to the Company’s warranty obligation for accrued warranty expense was as follows: Year ended December 31, (in thousands) 2023 2022 2021 Balance at beginning of year $ 3,951 $ 4,177 $ 3,831 Provision 6,995 4,911 5,315 Claims paid/costs incurred (5,966) (4,986) (4,846) Foreign currency translation 17 (151) (123) Balance at end of year $ 4,997 $ 3,951 $ 4,177

Debt and Financing Arrangemen_2

Debt and Financing Arrangements (Tables)	12 Months Ended
	Dec. 31, 2023
Debt Disclosure [Abstract]
Schedule of Debt and Finance Lease Obligations	The Company’s debt and finance lease obligations were as follows: (in thousands) December 31, 2023 December 31, 2022 Multi-currency revolving credit facility $ 325,175 $ 526,308 Senior unsecured notes 350,000 — Other short-term borrowings 28,997 40,336 Other long-term borrowings 1,557 — Finance lease obligations 1,505 1,201 Debt issuance costs (1) (6,067) — Total 701,167 567,845 Less: short-term debt and current portion of long-term debt 29,348 40,336 Total long-term debt and finance lease obligations $ 671,819 $ 527,509 _________________________________ (1)
Schedule of Debt Instrument Redemption	Thereafter, the Issuer may redeem all or part of the Notes at the redemption prices (expressed as percentages of principal amount of the Notes to be redeemed) set forth below, together with any accrued and unpaid interest, if redeemed during the 12-month period beginning on October 15 of the years indicated below: Year Redemption Price 2025 103.688 % 2026 101.844 % 2027 and thereafter 100.000 %
Schedule of Principal Payments on Outstanding Long-term Debt Obligations	As of December 31, 2023, principal payments due on outstanding long-term debt obligations were as follows: (in thousands) Year ending December 31, 2024 $ 351 2025 338 2026 301 2027 325,459 2028 350,283 Thereafter — Total $ 676,732

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Fair Values of Hedge Instruments on the Consolidated Balance Sheets	The fair value of hedge instruments recognized on the consolidated balance sheets was as follows: (in thousands) December 31, 2023 December 31, 2022 Balance Sheet Location Hedge Instrument Type Prepaid and other assets Foreign exchange forward $ 4,378 $ 7,393 Interest rate swap 452 — Other assets Foreign exchange forward — 1,341 Accrued expenses and other liabilities Foreign exchange forward 1,931 4,710 Interest rate swap 63 — Other noncurrent liabilities Foreign exchange forward — 344 Interest rate swap 88 —
Schedule of Hedge Instruments Included in Accumulated Other Comprehensive Loss	The hedge instrument gain (loss) recognized in accumulated other comprehensive loss, net of tax was as follows: Year ended December 31, (in thousands) 2023 2022 2021 Type of hedge Foreign exchange forward $ 4,880 $ 10,856 $ 10,057 Interest rate swap 991 — (8) Total $ 5,871 $ 10,856 $ 10,049
Schedule of Effect of Hedge Instruments in the Consolidated Statement of Operations	The hedge instrument gain (loss) recognized on the consolidated statements of operations was as follows: Year ended December 31, (in thousands) 2023 2022 2021 Location of gain (loss) in consolidated statements of operations Foreign exchange forward: Cost of goods sold $ 6,982 $ 9,840 $ (3,422) Selling, general and administrative (1) 665 2,991 1,686 Total $ 7,647 $ 12,831 $ (1,736) Interest Rate Swap: Interest expense, net $ 690 $ — $ (1,569) Total $ 690 $ — $ (1,569) _________________________________ (1)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value on a Recurring Basis	Assets and liabilities measured at fair value on a recurring basis as of December 31, 2023 were as follows: Fair Value Measurements as of December 31, 2023 using: (in thousands) Level 1 Level 2 Level 3 Balance Sheet Location Assets Rabbi trust $ 4,334 $ — $ — Prepaid and other assets Foreign exchange derivative instruments — 4,378 — Prepaid and other assets Interest rate derivative instruments — 452 — Prepaid and other assets Deferred compensation program assets 725 — — Other assets Total assets $ 5,059 $ 4,830 $ — Liabilities Foreign exchange derivative instruments $ — $ 1,931 $ — Accrued expenses and other liabilities Interest rate derivative instruments — 63 — Accrued expenses and other liabilities Deferred compensation program liabilities 725 — — Other noncurrent liabilities Interest rate derivative instruments — 88 — Other noncurrent liabilities Total liabilities $ 725 $ 2,082 $ — Assets and liabilities measured at fair value on a recurring basis as of December 31, 2022 were as follows: Fair Value Measurements as of December 31, 2022 using: (in thousands) Level 1 Level 2 Level 3 Balance Sheet Location Assets Rabbi trust $ 3,940 $ — $ — Prepaid and other assets Foreign exchange derivative instruments — 7,393 — Prepaid and other assets Deferred compensation program assets 631 — — Other assets Foreign exchange derivative instruments — 1,341 — Other assets Total assets $ 4,571 $ 8,734 $ — Liabilities Foreign exchange derivative instruments $ — $ 4,758 $ — Accrued expenses and other liabilities Deferred compensation program liabilities 631 — — Other noncurrent liabilities Foreign exchange derivative instruments — 344 — Other noncurrent liabilities Total liabilities $ 631 $ 5,102 $ —

Pension and Other Postretirem_2

Pension and Other Postretirement Benefits (Tables)	12 Months Ended
	Dec. 31, 2023
Retirement Benefits [Abstract]
Schedule of Change in Benefit Obligation, Change in Plan Assets and Funded Status	The following table presents the change in benefit obligation, change in plan assets and funded status for the Company's defined benefit and postretirement benefit plans for the year ended December 31, 2023: (in thousands) Pension Pension Postretirement Change in projected benefit obligation ("PBO") Benefit obligation at December 31, 2022 $ 216,810 $ 19,208 $ 14,264 Service cost 5,679 — 429 Interest cost 10,354 962 662 Actuarial (gain) loss (1,438) 274 (2,403) Settlements (7,142) — — Participants’ contributions — — 762 Benefit payments (4,333) (987) (2,286) Foreign currency translation (288) 1,102 — Projected benefit obligation at December 31, 2023 219,642 20,559 11,428 Accumulated benefit obligation at December 31, 2023 201,856 20,325 11,428 Change in plan assets Fair value of plan assets at December 31, 2022 150,229 26,181 — Return on plan assets 11,493 (104) — Employer contributions 4,048 — 1,524 Participants’ contributions — — 762 Settlements (7,142) — — Benefit payments (4,333) (987) (2,286) Foreign currency translation (79) 1,467 — Fair value of plan assets at December 31, 2023 154,216 26,557 — Funded status (fair value of plan assets less PBO) $ (65,426) $ 5,998 $ (11,428) The following table presents the change in benefit obligation, change in plan assets and funded status for the Company's defined benefit and postretirement benefit plans for the year ended December 31, 2022: (in thousands) Pension Pension Postretirement Change in projected benefit obligation Benefit obligation at December 31, 2021 $ 311,155 $ 33,782 $ 16,453 Service cost 7,844 — 563 Interest cost 8,300 555 353 Actuarial gain (79,231) (10,387) (1,527) Settlements (26,469) — — Participants’ contributions — — 787 Benefit payments (3,637) (1,581) (2,365) Foreign currency translation (1,152) (3,161) — Projected benefit obligation at December 31, 2022 216,810 19,208 14,264 Accumulated benefit obligation at December 31, 2022 196,785 18,987 14,264 Change in plan assets Fair value of plan assets at December 31, 2021 228,232 45,705 — Return on plan assets (51,939) (13,661) — Employer contributions 4,260 — 1,578 Participants’ contributions — — 787 Settlements (26,469) — — Benefit payments (3,637) (1,581) (2,365) Foreign currency translation (218) (4,282) — Fair value of plan assets at December 31, 2022 150,229 26,181 — Funded status (fair value of plan assets less PBO) $ (66,581) $ 6,973 $ (14,264)
Schedule of Amount of Pension and Postretirement Assets and Liabilities Recognized on Consolidated Balance Sheets	The amount of pension and postretirement assets and liabilities recognized on the consolidated balance sheets was as follows: Pension Benefits Postretirement Benefits December 31, December 31, (in thousands) 2023 2022 2023 2022 Other assets $ 5,998 $ 6,973 $ — $ — Accrued compensation and benefits (6,295) (5,422) (925) (1,189) Accrued pension and other postretirement benefits (59,131) (61,159) (10,503) (13,075) Net liability recognized $ (59,428) $ (59,608) $ (11,428) $ (14,264)
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)	The amounts in accumulated other comprehensive loss on the consolidated balance sheets that have not yet been recognized as components of net periodic benefit cost were as follows: Pension Benefits Postretirement Benefits Year ended December 31, Year ended December 31, (in thousands) 2023 2022 2021 2023 2022 2021 Net actuarial (loss) gain at beginning of year $ (28,208) $ (52,739) $ (64,349) $ 7,283 $ 6,362 $ 4,640 Actuarial gain 4,695 16,455 4,131 2,403 1,527 2,179 Settlement impact (39) 2,733 3,087 — — — Amortization of actuarial loss (gain) 94 3,952 3,943 (893) (469) (320) Amortization of prior service cost (credit) 182 270 279 (137) (137) (137) Foreign currency translation (668) 1,121 170 — — — Net actuarial (loss) gain at end of year $ (23,944) $ (28,208) $ (52,739) $ 8,656 $ 7,283 $ 6,362
Schedule of Components of Net Periodic Benefit Cost	Components of net periodic benefit cost were as follows: Pension Benefits Postretirement Benefits Year ended December 31, Year ended December 31, (in thousands) 2023 2022 2021 2023 2022 2021 Components of net periodic benefit cost Service cost $ 5,679 $ 7,844 $ 8,189 $ 429 $ 563 $ 670 Interest cost 11,316 8,855 8,226 662 353 302 Expected return on plan assets (7,858) (7,563) (9,683) — — — Settlements (39) 2,733 3,087 — — — Amortization of net loss (gain) 94 3,952 3,943 (893) (469) (320) Amortization of prior service cost (credit) 182 270 279 (137) (137) (137) Net periodic benefit cost $ 9,374 $ 16,091 $ 14,041 $ 61 $ 310 $ 515
Schedule of Weighted Average Assumptions used to Determine Future Benefit Obligations and Net Periodic Benefit Cost	The weighted average assumptions used to determine benefit obligations at December 31, 2023 and 2022 were as follows: Pension Benefits Postretirement Benefits 2023 2022 2023 2022 Discount rate 4.93 % 5.16 % 4.92 % 5.10 % Rate of compensation increase 3.80 % 3.81 % N/A N/A The weighted average assumptions used to determine net periodic benefit cost for the years ended December 31, 2023, 2022 and 2021 were as follows: Pension Benefits Postretirement Benefits 2023 2022 2021 2023 2022 2021 Discount rate 5.16 % 2.93 % 2.66 % 5.10 % 2.71 % 2.34 % Expected long-term rate of return on plan assets 3.91 % 3.44 % 4.28 % N/A N/A N/A Rate of compensation increase 3.81 % 3.81 % 3.56 % N/A N/A N/A
Schedule of Assumed Healthcare Cost Trend Rates used to Determine Benefit Obligations and Net Cost	The assumed healthcare cost trend rates used to determine benefit obligations and net periodic benefit cost for postretirement benefits as of and for the years ended December 31, 2023, 2022 and 2021 were as follows: 2023 2022 2021 Healthcare cost trend rate assumed for next year 7.00%/8.50% 6.75%/8.00% 5.80%/7.31% Rate that the cost trend rate is assumed to decline 4.50 % 4.50 % 4.50 % Year that the rate reaches the ultimate trend rate 2033 2031 2030
Schedule of Pension Assets by Major Category of Plan Assets and Type of Fair Value Measurement	Pension assets by major category of plan assets and the type of fair value measurement as of December 31, 2023 were as follows: (in thousands) Total Quoted Prices in Significant Significant Asset category Cash $ 397 $ 397 $ — $ — Fixed income 26,950 — 26,950 — Commingled funds Measured at net asset value 153,426 — — — $ 180,773 $ 397 $ 26,950 $ — Pension assets by major category of plan assets and the type of fair value measurement as of December 31, 2022 were as follows: (in thousands) Total Quoted Prices in Significant Significant Asset category Insurance Contracts / Individual securities Fixed income $ 26,540 $ — $ 26,540 $ — Commingled funds Measured at net asset value 149,870 — — — $ 176,410 $ — $ 26,540 $ —
Schedule of Estimated Future Retirement Benefit Payments	The following retirement benefit payments, which reflect expected future service, are expected to be paid as follows: (in thousands) Pension Postretirement Year ending December 31, 2024 $ 28,355 $ 926 2025 23,738 1,005 2026 23,943 993 2027 24,024 1,087 2028 23,735 1,089 Thereafter 104,505 5,343 $ 228,300 $ 10,443

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of Components of Income Before Income Taxes	The components of income before income taxes were as follows: Year ended December 31, (in thousands) 2023 2022 2021 Domestic operations $ 158,999 $ 130,568 $ 122,724 Foreign operations 82,601 128,867 125,099 Income before income taxes $ 241,600 $ 259,435 $ 247,823
Schedule of Income Tax Expense	Income tax expense (benefit) was as follows: Year ended December 31, (in thousands) 2023 2022 2021 Current expense United States $ 9,704 $ 2,755 $ 2,820 Foreign 17,876 42,536 48,743 Current income tax expense 27,580 45,291 51,563 Deferred expense (benefit) United States 6,626 10,122 17,297 Foreign 8,787 (1,062) (5,277) Deferred income tax expense 15,413 9,060 12,020 Total income tax expense $ 42,993 $ 54,351 $ 63,583
Schedule of Reconciliation of Income Taxes	The following table represents a reconciliation of income taxes computed at the federal statutory income tax rate of 21% to income tax expense as reported: Year ended December 31, (in thousands) 2023 2022 2021 Income tax expense computed at federal statutory income tax rate $ 50,736 $ 54,481 $ 52,043 Foreign taxes, net of credits (11,859) (6,063) (2,029) Net adjustments for uncertain tax positions 1,010 768 793 State and local taxes 6,160 3,430 4,184 Nondeductible expenses 2,250 1,413 2,347 Valuation allowance (110) 4,079 9,626 Tax credits (5,214) (3,418) (3,322) Miscellaneous other, net 20 (339) (59) Income tax expense as reported $ 42,993 $ 54,351 $ 63,583 Effective income tax rate 17.8 % 20.9 % 25.7 %
Schedule of Components of Net Deferred Tax Assets (Liabilities)	The components of net deferred tax assets (liabilities) were as follows: December 31, (in thousands) 2023 2022 Deferred tax assets Compensation and benefits $ 17,867 $ 15,453 Share-based compensation 9,890 9,234 Pension and other postretirement benefits 11,892 12,787 Inventories 22,258 25,223 R&D capitalization 48,949 36,426 Lease liability 25,161 16,248 Transaction costs 807 1,026 Nondeductible accruals and reserves 12,805 12,240 Miscellaneous 1,126 254 Net operating loss and other tax carryforwards 40,371 58,741 Gross deferred tax assets 191,126 187,632 Valuation allowance (33,999) (34,109) Total deferred tax assets 157,127 153,523 Deferred tax liabilities Property, plant and equipment (6,413) (4,874) Identifiable intangible assets (87,616) (80,235) Right-of-use assets (23,817) (15,380) Tax on unremitted earnings (10,674) (7,354) Foreign exchange derivative instruments (2,723) (2,158) Miscellaneous (1,510) (1,867) Total deferred tax liabilities (132,753) (111,868) Net deferred tax asset $ 24,374 $ 41,655
Schedule of Changes in Valuation Allowance for Deferred Tax Assets	Changes in the valuation allowance for deferred tax assets were as follows: Year ended December 31, (in thousands) 2023 2022 2021 Valuation allowance at beginning of year $ 34,109 $ 30,030 $ 20,404 (Decreases) increases recorded to income tax provision (110) 4,079 9,626 Valuation allowance at end of year $ 33,999 $ 34,109 $ 30,030
Schedule of Reconciliation of Activity Related to Unrecognized Tax Benefits, Excluding Accrued Interest and Penalties	The following table represents a reconciliation of the activity related to the unrecognized tax benefits, excluding accrued interest and penalties: Year ended December 31, (in thousands) 2023 2022 2021 Unrecognized tax benefits at beginning of year $ 9,538 $ 8,658 $ 7,822 Gross additions - prior year tax positions 191 — — Gross additions - current year tax positions 1,229 1,054 1,004 Gross reductions - prior year tax positions (176) (174) (168) Unrecognized tax benefits at end of year $ 10,782 $ 9,538 $ 8,658

Common Stock (Tables)

Common Stock (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Schedule of Declared Dividends Per Share	The Company declared dividends per common share, including DERs (Note 17), during the periods presented as follows: Dividends Amount (in thousands) 2023: Fourth Quarter $ 0.195 $ 12,941 Third Quarter 0.195 13,098 Second Quarter 0.195 13,667 First Quarter 0.195 13,629 Total dividends declared in 2023 $ 0.780 $ 53,335 2022: Fourth Quarter $ 0.180 $ 12,986 Third Quarter 0.180 13,192 Second Quarter 0.180 13,400 First Quarter 0.180 13,473 Total dividends declared in 2022 $ 0.720 $ 53,051 2021: Fourth Quarter $ 0.165 $ 12,619 Third Quarter 0.165 12,692 Second Quarter 0.165 12,768 First Quarter 0.165 12,767 Total dividends declared in 2021 $ 0.660 $ 50,846
Schedule of Share Repurchase Activity	The Company's share repurchase activity for the periods presented was as follows: Year ended December 31, (in thousands, except share and per share amounts) 2023 2022 2021 Shares purchased in the open market (1) : Shares purchased 2,492,883 3,415,044 1,049,522 Average price $ 53.13 $ 44.88 $ 51.81 Aggregate value $ 132,437 $ 153,258 $ 54,372 Shares purchased from Magnus: Shares purchased 3,993,522 699,819 355,341 Average price (2) $ 50.08 $ 53.59 $ 31.31 Aggregate value $ 200,002 $ 37,501 $ 11,125 Total shares purchased: Shares purchased 6,486,405 4,114,863 1,404,863 Average price $ 51.25 $ 46.36 $ 46.62 Aggregate value $ 332,439 $ 190,759 $ 65,497 ___________________________________ (1) Excludes $1.1 million of excise tax on share repurchases made during the year ended December 31, 2023, in accordance with the Inflation Reduction Act of 2022, which were included in the cost basis of treasury stock acquired during the year ended December 31, 2023. (2) In accordance with the share repurchase agreements, shares purchased from Magnus are accrued for at the same weighted average price as those purchased on the open market, as if the purchase from Magnus had occurred on the same day. As such, the average price of Magnus repurchases during any given period will differ from open market repurchases due to the settlement of the previously recorded share repurchase liability, as well as, open market purchases made after the completion of the Magnus Share repurchase agreements.

Equity Incentive Plans (Tables)

Equity Incentive Plans (Tables)	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Summary of Restricted and Performance Stock Units	A summary of the Company’s RSUs and PSUs as of December 31, 2023, 2022 and 2021 and changes during the years then ended is presented below: Number Weighted- Number of PSUs (6) Weighted- Outstanding as of December 31, 2020 1,253,173 $ 24.33 457,576 $ 24.55 Granted 314,060 45.81 145,882 45.36 Vested (1)(2) (806,645) 24.43 (189,181) 23.47 Forfeited (69,215) 27.46 (47,210) 28.74 Outstanding as of December 31, 2021 691,373 $ 33.66 367,067 $ 32.84 Granted 379,895 43.97 167,611 43.96 Vested (3) (91,641) 35.39 — — Forfeited (34,932) 37.88 (5,312) 38.86 Outstanding as of December 31, 2022 944,695 $ 37.48 529,366 $ 36.30 Granted 476,614 48.10 196,572 48.22 Vested (4)(5) (528,020) 31.87 (231,809) 25.80 Forfeited (25,226) 46.85 (13,875) 42.33 Outstanding as of December 31, 2023 868,063 $ 46.45 480,254 $ 46.07 _______________________________________________________________________________ (1) Included 546,726 shares of common stock related to RSUs that were not delivered as of December 31, 2021. The aggregate fair value of RSUs vested was $38.4 million. (2) Based upon the Company’s level of achievement of the applicable performance metrics, the recipients of the 189,181 PSUs vested during the year ended December 31, 2021, were entitled to receive 378,362 shares of common stock. As of December 31, 2021, no shares of common stock had been delivered in connection with the vesting of these PSUs. The aggregate fair value of PSUs vested during the year ended December 31, 2021, as adjusted for the Company's achievement of the applicable performance metrics, was $20.1 million. (3) Included 52,849 shares of common stock related to RSUs that were not delivered as of December 31, 2022. The aggregate fair value of RSUs vested was $4.0 million. (4) Included 88,760 shares of common stock related to RSUs that were not delivered as of December 31, 2023. The aggregate fair value of RSUs vested was $25.6 million. (5) Based upon the Company’s level of achievement of the applicable performance metrics, the recipients of the 231,809 PSUs vested during the year ended December 31, 2023, were entitled to receive 461,568 shares of common stock. As of December 31, 2023, there were 230,089 shares of common stock that had not been delivered in connection with the vesting of these PSUs. The aggregate fair value of PSUs vested during the year ended December 31, 2023, as adjusted for the Company's achievement of the applicable performance metrics, was $22.5 million. (6) Number of PSUs assume that 100% of the target level of performance was achieved.
Schedule of the Allocation of Share-Based Compensation Expense	The allocation of share-based compensation expense in the consolidated statement of operations was as follows: Year ended December 31, (in thousands) 2023 2022 2021 Cost of goods sold $ 1,615 $ 1,316 $ 874 Selling, general and administrative 26,291 21,183 25,388 Research and development 1,803 1,584 1,377 Total compensation expense before income tax 29,709 24,083 27,639 Income tax benefit 5,126 4,174 4,631 Total compensation expense, net of income tax $ 24,583 $ 19,909 $ 23,008
Summary of Shares of Common Stock Issued	Compensation expense recorded related to RSUs and PSUs in the consolidated statements of operations was as follows: Year ended December 31, (in thousands) 2023 2022 2021 RSU $ 17,055 $ 13,269 $ 12,113 PSU 11,989 10,157 14,871 A summary of shares of common stock issued related to the 2015 Plan, including the impact of any DERs issued in common stock, is presented below: Year ended Year ended December 31, 2023 December 31, 2022 RSUs PSUs RSUs PSUs Shares of common stock issued 474,886 231,580 525,029 188,527 Shares of common stock withheld by the Company as payment by employees in lieu of cash to satisfy tax withholding obligations (128,912) (91,843) (159,854) (87,215) Net shares of common stock issued 345,974 139,737 365,175 101,312 Cumulative undelivered shares of common stock 462,799 421,331 407,173 191,242

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss, Net of Tax (Tables)	12 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Schedule of Changes in Each Component of Accumulated Comprehensive Loss, Net of Tax Effects	The components of and changes in accumulated other comprehensive loss, net of tax, were as follows: (in thousands) Foreign Foreign Exchange Derivative Interest Rate Swap Pension and Accumulated Balances as of December 31, 2021 $ (66,915) $ 5,167 $ — $ (37,834) $ (99,582) Other comprehensive (loss) income before reclassifications (30,940) 10,856 — 19,124 (960) Amounts reclassified from accumulated other comprehensive loss, net of tax — (9,840) — 6,349 (3,491) Tax expense — (585) — (5,050) (5,635) Balances as of December 31, 2022 $ (97,855) $ 5,598 $ — $ (17,411) $ (109,668) Other comprehensive income before reclassifications 2,430 4,880 991 6,430 14,731 Amounts reclassified from accumulated other comprehensive loss, net of tax — (6,982) (690) (793) (8,465) Tax benefit (expense) — 433 (74) (1,306) (947) Balances as of December 31, 2023 $ (95,425) $ 3,929 $ 227 $ (13,080) $ (104,349)

Interest Expense, Net and Oth_2

Interest Expense, Net and Other Expense, Net (Tables)	12 Months Ended
	Dec. 31, 2023
Interest Expense and Other (Income) Expense, Net
Schedule of Components of Interest Expense, Net	The components of interest expense, net were as follows: Year ended December 31, (in thousands) 2023 2022 2021 Interest expense $ 43,630 $ 14,012 $ 6,730 (Gain) loss on interest rate swap (690) — 1,569 Interest income (1,652) (743) (590) Total interest expense, net $ 41,288 $ 13,269 $ 7,709
Schedule of Components of Other Expense, Net	The components of other expense, net were as follows: Year ended December 31, (in thousands) 2023 2022 2021 Non-service cost component of net periodic benefit cost $ 3,327 $ 7,994 $ 5,697 Other (income) expense (910) 835 (1,417) Total other expense, net $ 2,417 $ 8,829 $ 4,280

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	12 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Net Income Per Common Share	The following is a computation of basic and diluted net income per common share attributable to Acushnet Holdings Corp.: Year ended December 31, (in thousands, except share and per share amounts) 2023 2022 2021 Net income attributable to Acushnet Holdings Corp. $ 198,429 $ 199,278 $ 178,873 Weighted average number of common shares: Basic 67,063,933 71,958,879 74,536,637 RSUs 311,992 354,960 560,449 PSUs 141,180 246,259 167,988 Diluted 67,517,105 72,560,098 75,265,074 Net income per common share attributable to Acushnet Holdings Corp.: Basic $ 2.96 $ 2.77 $ 2.40 Diluted $ 2.94 $ 2.75 $ 2.38
Schedule of Securities Excluded from the Calculation of Diluted Weighted Average Common Shares	The following securities have been excluded from the calculation of diluted weighted‑average common shares outstanding as their impact was determined to be anti‑dilutive: Year ended December 31, 2023 2022 2021 RSUs 66,590 107,497 72,871

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Schedule of Information by Reportable Segment and a Reconciliation to Reported Amounts	Information by reportable segment and a reconciliation to reported amounts are as follows: Year ended December 31, (in thousands) 2023 2022 2021 Net sales Titleist golf balls $ 761,724 $ 678,844 $ 667,552 Titleist golf clubs 658,645 609,573 551,532 Titleist golf gear 216,161 204,946 192,613 FootJoy golf wear 596,444 617,951 580,550 Other 149,021 159,022 155,683 Total net sales $ 2,381,995 $ 2,270,336 $ 2,147,930 Segment operating income Titleist golf balls $ 144,266 $ 112,738 $ 106,202 Titleist golf clubs 106,542 100,926 75,397 Titleist golf gear 21,246 11,652 14,696 FootJoy golf wear 16,079 36,982 44,210 Other 13,204 24,252 23,437 Total segment operating income 301,337 286,550 263,942 Reconciling items: Interest expense, net (41,288) (13,269) (7,709) Non-service cost component of net periodic benefit cost (3,327) (7,994) (5,697) Other (15,122) (5,852) (2,713) Total income before income tax $ 241,600 $ 259,435 $ 247,823
Schedule of Depreciation and Amortization Expense by Reportable Segment	Depreciation and amortization expense by reportable segment are as follows: Year ended December 31, (in thousands) 2023 2022 2021 Depreciation and amortization Titleist golf balls $ 23,228 $ 21,644 $ 22,248 Titleist golf clubs 13,321 8,672 8,136 Titleist golf gear 4,410 1,843 1,715 FootJoy golf wear 7,613 6,677 6,293 Other 2,784 2,870 2,851 Total depreciation and amortization $ 51,356 $ 41,706 $ 41,243
Schedule of Net Sales and Area Long-lived Assets by Geographical	Information as to the Company’s operations in different geographical areas is presented below. Net sales are categorized based on the location in which the sale originates. Year ended December 31, (in thousands) 2023 2022 2021 Net sales United States $ 1,350,006 $ 1,227,801 $ 1,125,006 EMEA (1) 314,655 321,545 296,003 Japan 149,425 161,027 187,985 Korea 301,815 312,655 322,609 Rest of World 266,094 247,308 216,327 Total net sales $ 2,381,995 $ 2,270,336 $ 2,147,930 ___________________________________ (1) Europe, the Middle East and Africa (“EMEA”) Long-lived assets (property, plant and equipment, net) categorized based on their location of domicile are as follows: Year ended December 31, (in thousands) 2023 2022 Long-lived assets United States $ 213,827 $ 178,375 EMEA 12,926 10,949 Japan 5,613 2,529 Korea 8,286 6,495 Rest of World (1) 54,691 56,124 Total long-lived assets $ 295,343 $ 254,472 ___________________________________ (1) Includes manufacturing facilities in Thailand with long lived assets of $43.7 million and $44.2 million as of December 31, 2023 and 2022, respectively.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Purchase Obligations	The Company's purchase obligations as of December 31, 2023 were as follows: Payments Due by Period (in thousands) 2024 2025 2026 2027 2028 Thereafter Purchase obligations (1) $ 287,422 $ 52,444 $ 2,619 $ 2,467 $ 2,416 $ 7,239 (1) The reported amounts exclude those liabilities included in accounts payable or accrued liabilities on the consolidated balance sheet as of December 31, 2023.

Description of Business (Detail

Description of Business (Details)	Nov. 02, 2016 $ / shares
Class A common stock | Initial public offering
Class of Stock [Line Items]
Share price (in dollars per share)	$ 17

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Noncontrolling Interests and Redeemable Noncontrolling Interests
Redemption value adjustment	$ (2,200,000)	$ 1,937,000	$ (2,837,000)
Loan to minority shareholders included in temporary equity	4,400,000	4,400,000	4,400,000
Cash, Cash Equivalents and Restricted Cash
Restricted cash	1,700,000	1,800,000
Selling
Shipping and handling costs included in selling expenses	888,145,000	833,422,000	795,422,000
Shipping and Handling
Selling
Shipping and handling costs included in selling expenses	59,400,000	56,000,000	52,400,000
Selling, general and administrative
Advertising and Promotion
Advertising and promotional expense	231,400,000	211,900,000	216,400,000
Foreign currency translation and transactions
Transaction gain (loss) included in selling, general and administrative expense	$ (4,000,000)	(11,900,000)	(3,400,000)
Minimum
Product Warranty
Product warranty duration	1 year
Maximum
Product Warranty
Product warranty duration	2 years
Deposits
Concentration of Credit Risk and of Significant Customers
Concentration risk, amount in banks located outside the United States	$ 62,000,000	54,900,000
Accounts payable
Cash, Cash Equivalents and Restricted Cash
Book overdrafts	4,200,000	4,400,000
Retained earnings
Noncontrolling Interests and Redeemable Noncontrolling Interests
Redemption value adjustment	$ (2,200,000)	1,937,000	$ (2,837,000)
VIE
Variable interest entities
Ownership percentage	40%
Outstanding balance	$ 0	$ 0

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Property, Plant, and Equipment (Details)	Dec. 31, 2023
Buildings and improvements | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	15 years
Buildings and improvements | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	40 years
Machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	3 years
Machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	10 years
Furniture, fixtures and computer hardware | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	3 years
Furniture, fixtures and computer hardware | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	10 years
Computer software | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	1 year
Computer software | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	10 years
Capitalized internal-use software costs | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	3 years
Capitalized internal-use software costs | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of property, plant and equipment	10 years

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Period over which revenue is generally recognized for customer sales incentives (within)	1 year
Accounting Standards Update 2014-09
Revenues from External Customers and Long-Lived Assets [Line Items]
Refund liability for expected returns	$ 14.7	$ 11.3
Inventory expected to be recovered related to sales returns	$ 7.2	$ 5
Minimum
Revenues from External Customers and Long-Lived Assets [Line Items]
Term of majority of contracts	30 days
Maximum
Revenues from External Customers and Long-Lived Assets [Line Items]
Term of majority of contracts	60 days
Term of contract	1 year

Leases - Components of Lease Co

Leases - Components of Lease Cost (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) option	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Lessee, Lease, Description [Line Items]
Number of renewal options | option	1
Renewal terms (up to)	3 years
Finance lease costs, amortization of lease assets	$ 475	$ 335	$ 178
Finance lease costs, Interest on lease liabilities	86	60	32
Short-term and low value lease cost	1,472	623	333
Variable lease cost	2,486	2,827	1,463
Total lease cost	27,845	20,309	18,962
Cost of goods sold
Lessee, Lease, Description [Line Items]
Operating lease costs	2,450	2,364	1,888
Selling, general and administrative
Lessee, Lease, Description [Line Items]
Operating lease costs	19,777	13,337	14,305
Research and development
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 1,099	$ 763	$ 763

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Right-of-use assets
Finance, right-of-use assets	$ 2,031	$ 1,562
Operating lease, right-of-use assets	88,820	57,586
Total lease assets	90,851	59,148
Lease liabilities
Finance, lease liabilities current	527	364
Operating, lease liabilities current	19,045	14,821
Finance, lease liabilities noncurrent	1,505	1,201
Operating, lease liabilities noncurrent	73,348	44,830
Total lease liabilities	$ 94,425	$ 61,216
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, plant and equipment, net ($9,044 and $10,089 attributable to the VIE)	Property, plant and equipment, net ($9,044 and $10,089 attributable to the VIE)
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets ($1,972 and $2,083 attributable to the VIE)	Other assets ($1,972 and $2,083 attributable to the VIE)
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued expenses and other liabilities ($1,687 and $3,380 attributable to the VIE)	Accrued expenses and other liabilities ($1,687 and $3,380 attributable to the VIE)
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued expenses and other liabilities ($1,687 and $3,380 attributable to the VIE)	Accrued expenses and other liabilities ($1,687 and $3,380 attributable to the VIE)
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Long-term debt	Long-term debt
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other noncurrent liabilities ($0 and $2,145 attributable to the VIE)	Other noncurrent liabilities ($0 and $2,145 attributable to the VIE)

Leases - Weighted Average Remai

Leases - Weighted Average Remaining Lease Term and Weighted Average Discount Rate (Details)	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Weighted average remaining lease term (years):
Operating	6 years 2 months 12 days	4 years 10 months 24 days	5 years 8 months 12 days
Finance	4 years 3 months 18 days	4 years 6 months	5 years 1 month 6 days
Weighted average discount rate:
Operating	4.01%	2.72%	2.82%
Finance	4.52%	4.23%	3.70%

Leases - Reconciliation of Leas

Leases - Reconciliation of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Operating Leases
2024	$ 22,430
2025	20,058
2026	15,020
2027	13,953
2028	10,747
Thereafter	24,029
Total future lease payments	106,237
Less: Interest	(13,844)
Total lease liabilities	92,393
Accrued expenses and other liabilities	19,045	$ 14,821
Long-term debt	0
Other noncurrent liabilities	73,348	44,830
Finance Leases
2024	607
2025	576
2026	453
2027	363
2028	190
Thereafter	48
Total future lease payments	2,237
Less: Interest	(205)
Present value of lease liabilities	2,032
Accrued expenses and other liabilities	527	364
Long-term debt	1,505	1,201
Other noncurrent liabilities	0
Total
2024	23,037
2025	20,634
2026	15,473
2027	14,316
2028	10,937
Thereafter	24,077
Total future lease payments	108,474
Less: Interest	(14,049)
Total lease liabilities	94,425	$ 61,216
Accrued expenses and other liabilities	19,572
Long-term debt	1,505
Other noncurrent liabilities	$ 73,348

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$ 21,623	$ 16,333	$ 16,457
Operating cash flows for finance leases	86	60	32
Financing cash flows for finance leases	$ 478	$ 334	$ 177

Allowance for Doubtful Accoun_3

Allowance for Doubtful Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of year	$ 8,258	$ 5,980	$ 7,698
Bad debt expense (recovery)	1,120	3,199	(975)
Amount of receivables written off	(689)	(704)	(463)
Foreign currency translation	151	(217)	(280)
Balance at end of year	$ 8,840	$ 8,258	$ 5,980

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 157,455	$ 154,881
Work-in-process	24,949	29,689
Finished goods	433,131	490,114
Inventories	$ 615,535	$ 674,684

Property, Plant and Equipment_3

Property, Plant and Equipment, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment, Net
Property, plant and equipment, gross	$ 651,138	$ 579,743
Accumulated depreciation and amortization	(355,795)	(325,271)
Property, plant and equipment, net	295,343	254,472
Software development cost capitalized
Software development cost capitalized	3,900	7,200	$ 7,500
Depreciation and amortization
Amortization expense, capitalized software and development	9,600	9,000	8,100
Total depreciation and amortization expense	51,356	41,706	41,243
Property, plant and equipment
Depreciation and amortization
Total depreciation and amortization expense	37,200	33,800	33,300
Land
Property, Plant and Equipment, Net
Property, plant and equipment, gross	14,329	14,238
Buildings and improvements
Property, Plant and Equipment, Net
Property, plant and equipment, gross	194,585	169,855
Machinery and equipment
Property, Plant and Equipment, Net
Property, plant and equipment, gross	242,007	212,916
Furniture, computers and equipment
Property, Plant and Equipment, Net
Property, plant and equipment, gross	56,032	52,282
Computer software
Property, Plant and Equipment, Net
Property, plant and equipment, gross	90,264	87,512
Construction in progress
Property, Plant and Equipment, Net
Property, plant and equipment, gross	53,921	42,940
Software development cost capitalized
Software development cost capitalized	300	1,100	2,300
Software placed into service
Software development cost capitalized
Software development cost capitalized	$ 3,600	$ 6,100	$ 5,200

Other Business Developments (De

Other Business Developments (Details) - USD ($) $ in Thousands	Nov. 04, 2022	Apr. 01, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Business Acquisition [Line Items]
Contingent considerations (Note 8)			$ 0	$ 1,400	$ 0
TPI
Business Acquisition [Line Items]
Percent of certain assets and liabilities acquired	80%
Cash consideration	$ 18,400
Redeemable noncontrolling interest	$ 4,600
PG Golf LLC
Business Acquisition [Line Items]
Cash consideration		$ 3,600
Purchase price		5,000
Contingent considerations (Note 8)		$ 1,400

Goodwill and Identifiable Int_3

Goodwill and Identifiable Intangible Assets, Net - Net carrying value & reportable segments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Net carrying value of goodwill
Balances at beginning of year	$ 224,814	$ 210,431
Additions	749	20,148
Foreign currency translation	(261)	(5,765)
Balances at end of year	225,302	224,814
Operating segments | Titleist golf balls
Net carrying value of goodwill
Balances at beginning of year	122,558	125,949
Additions	0	0
Foreign currency translation	(176)	(3,391)
Balances at end of year	122,382	122,558
Operating segments | Titleist golf clubs
Net carrying value of goodwill
Balances at beginning of year	75,534	57,033
Additions	235	20,148
Foreign currency translation	(86)	(1,647)
Balances at end of year	75,683	75,534
Operating segments | Titleist golf gear
Net carrying value of goodwill
Balances at beginning of year	13,439	13,838
Additions	0	0
Foreign currency translation	(21)	(399)
Balances at end of year	13,418	13,439
Operating segments | FootJoy golf wear
Net carrying value of goodwill
Balances at beginning of year	3,535	3,608
Additions	0	0
Foreign currency translation	(4)	(73)
Balances at end of year	3,531	3,535
Other
Net carrying value of goodwill
Balances at beginning of year	9,748	10,003
Additions	514	0
Foreign currency translation	26	(255)
Balances at end of year	$ 10,288	$ 9,748

Goodwill and Identifiable Int_4

Goodwill and Identifiable Intangible Assets, Net - Narrative (Details) - USD ($)		1 Months Ended		12 Months Ended
	Dec. 31, 2022	Jan. 31, 2023	Nov. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Goodwill impairment loss				$ 0	$ 0	$ 0
Cumulative balance of goodwill impairment	$ 3,800,000			3,800,000	3,800,000	3,800,000
Payments to acquire intangible assets				25,235,000	65,000,000	0
Intangible amortization				14,222,000	7,885,000	7,868,000
Impairment of indefinite-lived intangible assets				$ 0	$ 0	$ 0
Trademarks
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Weighted average useful life	20 years		11 years		20 years
Finite-lived intangible assets acquired	$ 65,000,000		$ 700,000
Completed technology
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Weighted average useful life			11 years
Finite-lived intangible assets acquired			$ 2,200,000
Customer relationships
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Weighted average useful life			5 years
Finite-lived intangible assets acquired			$ 900,000
Club Glove Member | Trademarks, Domains and Products
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Payments to acquire intangible assets		$ 25,200,000
Weighted average useful life		10 years

Goodwill and Identifiable Int_5

Goodwill and Identifiable Intangible Assets, Net - Net Carrying Value by Class (Details) - USD ($)		1 Months Ended	12 Months Ended
	Dec. 31, 2022	Nov. 30, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Accumulated Amortization	$ (111,455,000)		$ (125,885,000)	$ (111,455,000)
Total			108,356,000
Intangible assets, Gross	637,358,000		663,292,000	637,358,000
Total intangible assets	525,903,000		537,407,000	525,903,000
Amortization of identifiable intangible assets			14,222,000	7,885,000	$ 7,868,000
Impairment of indefinite-lived intangible assets			0	0	$ 0
Trademarks
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Finite lived intangible assets, Gross	71,277,000		96,512,000	71,277,000
Accumulated Amortization	(2,534,000)		(8,836,000)	(2,534,000)
Total	68,743,000		87,676,000	$ 68,743,000
Finite-lived intangible assets acquired	$ 65,000,000	$ 700,000
Weighted average useful life	20 years	11 years		20 years
Completed technology
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Finite lived intangible assets, Gross	$ 76,943,000		76,943,000	$ 76,943,000
Accumulated Amortization	(61,656,000)		(66,939,000)	(61,656,000)
Total	15,287,000		10,004,000	15,287,000
Finite-lived intangible assets acquired		$ 2,200,000
Weighted average useful life		11 years
Customer relationships
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Finite lived intangible assets, Gross	27,490,000		28,146,000	27,490,000
Accumulated Amortization	(14,729,000)		(17,491,000)	(14,729,000)
Total	12,761,000		10,655,000	12,761,000
Finite-lived intangible assets acquired		$ 900,000
Weighted average useful life		5 years
Licensing fees and other
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Finite lived intangible assets, Gross	32,597,000		32,640,000	32,597,000
Accumulated Amortization	(32,536,000)		(32,619,000)	(32,536,000)
Total	61,000		21,000	61,000
Trademarks
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Indefinite lived intangible assets	$ 429,051,000		$ 429,051,000	$ 429,051,000

Goodwill and Identifiable Int_6

Goodwill and Identifiable Intangible Assets, Net - Class of identifiable intangible assets (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Amortization expense related to intangible assets
2024	$ 14,068
2025	11,928
2026	8,439
2027	7,460
2028	6,968
Thereafter	59,493
Total	$ 108,356

Product Warranty (Details)

Product Warranty (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Activity for accrued warranty expense
Balance at beginning of year	$ 3,951	$ 4,177	$ 3,831
Provision	6,995	4,911	5,315
Claims paid/costs incurred	(5,966)	(4,986)	(4,846)
Foreign currency translation	17	(151)	(123)
Balance at end of year	$ 4,997	$ 3,951	$ 4,177

Debt and Financing Arrangemen_3

Debt and Financing Arrangements - Schedule of debt and financing arrangements (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Debt and financing arrangements
Senior unsecured notes	$ 676,732
Other short-term borrowings	28,997	$ 40,336
Other long-term borrowings	1,557	0
Finance lease obligations	1,505	1,201
Debt issuance costs	(6,067)	0
Total	701,167	567,845
Less: short-term debt and current portion of long-term debt	29,348	40,336
Total long-term debt and finance lease obligations	671,819	527,509
Debt issuance costs	6,067	0
Senior unsecured notes
Debt and financing arrangements
Debt issuance costs	(6,100)
Debt issuance costs	6,100
Senior unsecured notes | Senior Notes
Debt and financing arrangements
Senior unsecured notes	350,000	0
Multi-currency revolving credit facility
Debt and financing arrangements
Multi-currency revolving credit facility	$ 325,175	$ 526,308

Debt and Financing Arrangemen_4

Debt and Financing Arrangements - Second Amended Credit Facility (Details)			12 Months Ended
	Aug. 02, 2022 USD ($)	Dec. 23, 2019 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2023 USD ($)	Oct. 03, 2023	Aug. 02, 2022 CAD ($)	Aug. 02, 2022 GBP (£)	Aug. 01, 2022 USD ($)	Dec. 23, 2019 CAD ($)	Dec. 23, 2019 GBP (£)
Line of Credit Facility [Line Items]
Debt issuance costs			$ 0	$ 6,067,000
Variable rate	1%
Beneficial ownership percentage for change of control					50%
Maximum
Line of Credit Facility [Line Items]
Beneficial ownership percentage for change of control				35%
Secured Debt
Line of Credit Facility [Line Items]
Long-term debt, gross								$ 306,300,000
Revolving Credit Facility
Line of Credit Facility [Line Items]
Debt issuance costs	$ 2,600,000
Maximum borrowing capacity	$ 950,000,000	$ 400,000,000
Multi-currency revolving credit facility								$ 72,600,000
Interest expense, debt			$ 1,300,000
Weighted average interest rate			5.40%	6.57%
Remaining borrowing capacity				$ 616,700,000
Outstanding letters of credit				$ 8,100,000
Revolving Credit Facility | Minimum
Line of Credit Facility [Line Items]
Initial commitment fee rate	0.125%
Revolving Credit Facility | Maximum
Line of Credit Facility [Line Items]
Initial commitment fee rate	0.275%
Revolving Credit Facility | Acushnet Canada
Line of Credit Facility [Line Items]
Maximum borrowing capacity						$ 50,000,000			$ 50,000,000
Revolving Credit Facility | Acushnet Europe
Line of Credit Facility [Line Items]
Maximum borrowing capacity | £							£ 45,000,000			£ 45,000,000
Line of Credit
Line of Credit Facility [Line Items]
Contingent maximum increase to borrowing capacity	$ 325,000,000
Line of credit facility contingent increase, additional borrowing capacity, percentage	100%
Debt instrument, covenant, net average secured leverage ratio	2.50					2.50	2.50
Initial commitment fee rate		0.20%
Net average total leverage ratio	3.75					3.75	3.75
Increase, net average total leverage ratio	4.25					4.25	4.25
Interest coverage ratio	3					3	3
Line of Credit | Minimum
Line of Credit Facility [Line Items]
Variable rate		0%
Line of Credit | Maximum
Line of Credit Facility [Line Items]
Variable rate		0.75%
Line of Credit | Secured Overnight Financing Rate (SOFR)
Line of Credit Facility [Line Items]
Variable rate	0.10%
Line of Credit | Secured Overnight Financing Rate (SOFR) | Minimum
Line of Credit Facility [Line Items]
Variable rate	1%
Line of Credit | Secured Overnight Financing Rate (SOFR) | Maximum
Line of Credit Facility [Line Items]
Variable rate	1.75%
Line of Credit | Base Rate | Minimum
Line of Credit Facility [Line Items]
Variable rate	0%
Line of Credit | Base Rate | Maximum
Line of Credit Facility [Line Items]
Variable rate	0.75%
Line of Credit | Adjusted Daily RFR | Minimum
Line of Credit Facility [Line Items]
Variable rate	1%
Line of Credit | Adjusted Daily RFR | Maximum
Line of Credit Facility [Line Items]
Variable rate	1.75%
Line of Credit | Canadian Dollar Offered Rate | Minimum
Line of Credit Facility [Line Items]
Variable rate	1%
Line of Credit | Canadian Dollar Offered Rate | Maximum
Line of Credit Facility [Line Items]
Variable rate	1.75%
Line of Credit | TIBOR | Minimum
Line of Credit Facility [Line Items]
Variable rate	1%
Line of Credit | TIBOR | Maximum
Line of Credit Facility [Line Items]
Variable rate	1.75%
Line of Credit | Eurodollar | Minimum
Line of Credit Facility [Line Items]
Variable rate	1%
Line of Credit | Eurodollar | Maximum
Line of Credit Facility [Line Items]
Variable rate	1.75%
Line of Credit | Letters of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 50,000,000	$ 50,000,000
Swing line
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 75,000,000	$ 50,000,000
Swing line | Federal funds rate
Line of Credit Facility [Line Items]
Variable rate	0.50%	0.50%
Alternative Currency Sublimit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 200,000,000	$ 200,000,000

Debt and Financing Arrangemen_5

Debt and Financing Arrangements - First Amended Credit Facility (Details)	Aug. 02, 2022 USD ($)	Dec. 23, 2019 USD ($)	Aug. 02, 2022 CAD ($)	Aug. 02, 2022 GBP (£)	Dec. 23, 2019 CAD ($)	Dec. 23, 2019 GBP (£)
Line of Credit Facility [Line Items]
Variable rate	1%
Term Loan Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 350,000,000
Line of Credit
Line of Credit Facility [Line Items]
Initial commitment fee rate		0.20%
Line of Credit | CDOR
Line of Credit Facility [Line Items]
Variable rate		1%
Line of Credit | Letters of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 50,000,000	$ 50,000,000
Line of Credit | Minimum
Line of Credit Facility [Line Items]
Variable rate		0%
Line of Credit | Minimum | CDOR
Line of Credit Facility [Line Items]
Leverage ratio basis spread		1%
Line of Credit | Maximum
Line of Credit Facility [Line Items]
Variable rate		0.75%
Line of Credit | Maximum | CDOR
Line of Credit Facility [Line Items]
Leverage ratio basis spread		1.75%
Line of Credit | Term Loan
Line of Credit Facility [Line Items]
Percentage of original principal amount payable		5%
Swing line
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 75,000,000	$ 50,000,000
Swing line | Federal funds rate
Line of Credit Facility [Line Items]
Variable rate	0.50%	0.50%
Alternative Currency Sublimit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 200,000,000	$ 200,000,000
Revolving Credit Facility
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 950,000,000	$ 400,000,000
Revolving Credit Facility | Acushnet Canada
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 50,000,000		$ 50,000,000
Revolving Credit Facility | Acushnet Europe
Line of Credit Facility [Line Items]
Maximum borrowing capacity | £				£ 45,000,000		£ 45,000,000
Revolving Credit Facility | Minimum
Line of Credit Facility [Line Items]
Leverage ratio basis spread		0.15%
Initial commitment fee rate	0.125%
Revolving Credit Facility | Maximum
Line of Credit Facility [Line Items]
Leverage ratio basis spread		0.30%
Initial commitment fee rate	0.275%

Debt and Financing Arrangemen_6

Debt and Financing Arrangements - Senior Unsecured Notes (Details) - USD ($) $ in Thousands		12 Months Ended
	Oct. 03, 2023	Dec. 31, 2023	Dec. 31, 2022	Aug. 02, 2022	Aug. 01, 2022
Line of Credit Facility [Line Items]
Debt issuance costs		$ 6,067	$ 0
Beneficial ownership percentage for change of control	50%
Revolving Credit Facility
Line of Credit Facility [Line Items]
Multi-currency revolving credit facility					$ 72,600
Debt issuance costs				$ 2,600
Secured Debt
Line of Credit Facility [Line Items]
Long-term debt, gross					$ 306,300
Unsecured Facilities | Revolving Credit Facility
Line of Credit Facility [Line Items]
Multi-currency revolving credit facility	$ 345,600
Senior Unsecured Notes Due 2028 | Unsecured Facilities
Line of Credit Facility [Line Items]
Long-term debt, gross	$ 350,000
Stated interest rate	7.375%
Incurred fees and expenses	$ 6,400
Debt issuance costs	$ 6,300
Fair value of notes		365,100
Effective interest rate	7.813%
Accrued interest		$ 6,500
Redemption Price	101%
Debt instrument, make-whole premium, percentage	0.010
Senior Unsecured Notes Due 2028 | Unsecured Facilities | Debt Instrument, Redemption, Period One
Line of Credit Facility [Line Items]
Redemption Price	100%
Senior Unsecured Notes Due 2028 | Unsecured Facilities | Debt Instrument, Redemption, Period Two
Line of Credit Facility [Line Items]
Redemption Price	103.688%

Debt and Financing Arrangemen_7

Debt and Financing Arrangements - Schedule of Debt Instrument Redemption (Details) - Senior Unsecured Notes Due 2028 - Unsecured Facilities	Oct. 03, 2023
Line of Credit Facility [Line Items]
Redemption Price	101%
2025
Line of Credit Facility [Line Items]
Redemption Price	103.688%
2026
Line of Credit Facility [Line Items]
Redemption Price	101.844%
2027 and thereafter
Line of Credit Facility [Line Items]
Redemption Price	100%

Debt and Financing Arrangemen_8

Debt and Financing Arrangements - Other Short-Term Borrowings (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Short-term Debt [Line Items]
Available borrowings remaining	$ 28,997	$ 40,336
Unsecured Facilities
Short-term Debt [Line Items]
Weighted average interest rate	0.45%	0.85%
Available borrowings remaining	$ 35,600

Debt and Financing Arrangemen_9

Debt and Financing Arrangements - Letters of Credit (Details) - Letters of Credit - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Line of Credit Facility [Line Items]
Outstanding balance	$ 11.3	$ 10
Line of credit secured	8.1	$ 7.3
Maximum borrowing capacity	$ 58.5

Debt and Financing Arrangeme_10

Debt and Financing Arrangements - Payments of Debt Obligations due by Period (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Payments of Debt Obligations due by Period
2024	$ 351
2025	338
2026	301
2027	325,459
2028	350,283
Thereafter	0
Total	$ 676,732

Derivative Financial Instrume_3

Derivative Financial Instruments - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Derivatives, Fair Value [Line Items]
Expected reclassification of gain (loss) recorded in accumulated other comprehensive loss into cost of goods sold during next twelve months	$ 6,500,000
Foreign exchange forward | Derivative designated as hedging
Derivatives, Fair Value [Line Items]
Notional amount	209,600,000	$ 242,400,000
Foreign exchange forward | Derivative not designated as hedging
Derivatives, Fair Value [Line Items]
Notional amount	0	4,000,000
Transaction gain (loss) included in selling, general and administrative expense	$ 100,000	1,200,000
Foreign exchange forward | Maximum
Derivatives, Fair Value [Line Items]
Term of derivative contract	24 months
Interest rate swap
Derivatives, Fair Value [Line Items]
Expected reclassification of gain (loss) recorded in accumulated other comprehensive loss into cost of goods sold during next twelve months	$ 400,000
Interest rate swap | Derivative designated as hedging
Derivatives, Fair Value [Line Items]
Notional amount	$ 100,000,000	$ 0

Derivative Financial Instrume_4

Derivative Financial Instruments - Fair Value of Hedge Instruments in Condensed Consolidated Balance Sheets (Details) - Derivative designated as hedging - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Prepaid and other assets | Foreign exchange forward
Derivative Instruments, Gain (Loss) [Line Items]
Asset derivatives	$ 4,378	$ 7,393
Prepaid and other assets | Interest rate swap
Derivative Instruments, Gain (Loss) [Line Items]
Asset derivatives	452	0
Other assets | Foreign exchange forward
Derivative Instruments, Gain (Loss) [Line Items]
Asset derivatives	0	1,341
Accrued expenses and other liabilities | Foreign exchange forward
Derivative Instruments, Gain (Loss) [Line Items]
Liability derivatives	1,931	4,710
Accrued expenses and other liabilities | Interest rate swap
Derivative Instruments, Gain (Loss) [Line Items]
Liability derivatives	63	0
Other noncurrent liabilities | Foreign exchange forward
Derivative Instruments, Gain (Loss) [Line Items]
Liability derivatives	0	344
Other noncurrent liabilities | Interest rate swap
Derivative Instruments, Gain (Loss) [Line Items]
Liability derivatives	$ 88	$ 0

Derivative Financial Instrume_5

Derivative Financial Instruments - Effect of Hedge Instruments in Condensed Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized holding gains arising during period	$ 5,871	$ 10,856	$ 10,049
Cash flow hedge | Derivative designated as hedging
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized holding gains arising during period	5,871	10,856	10,049
Foreign exchange forward | Cash flow hedge | Derivative designated as hedging
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized holding gains arising during period	4,880	10,856	10,057
Interest rate swap | Cash flow hedge | Derivative designated as hedging
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized holding gains arising during period	$ 991	$ 0	$ (8)

Derivative Financial Instrume_6

Derivative Financial Instruments - Effect of Foreign Exchange Derivative Instruments in Comprehensive Loss and Statement of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on unaudited condensed consolidated statements of operations	$ 690	$ 0	$ (1,569)
Foreign exchange forward | Derivative designated as hedging
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on unaudited condensed consolidated statements of operations	7,647	12,831	(1,736)
Foreign exchange forward | Derivative designated as hedging | Cost of goods sold
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on unaudited condensed consolidated statements of operations	$ 6,982	$ 9,840	$ (3,422)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of goods sold	Cost of goods sold	Cost of goods sold
Foreign exchange forward | Derivative designated as hedging | Selling, general and administrative
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on unaudited condensed consolidated statements of operations	$ 665	$ 2,991	$ 1,686
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Selling, general and administrative	Selling, general and administrative	Selling, general and administrative
Interest rate swap | Derivative designated as hedging
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on unaudited condensed consolidated statements of operations	$ 690	$ 0	$ (1,569)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest expense, net	Interest expense, net	Interest expense, net

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Level 1
Assets
Rabbi trust	$ 4,334	$ 3,940
Deferred compensation program assets	725	631
Total assets	5,059	4,571
Liabilities
Deferred compensation program liabilities	725	631
Liabilities	725	631
Level 1 | Foreign exchange derivative instruments
Assets
Foreign exchange derivative instruments	0	0
Foreign exchange derivative instruments		0
Liabilities
Derivative instruments	0	0
Foreign exchange derivative instruments		0
Level 1 | Interest rate derivative instruments
Assets
Interest rate derivative instruments	0
Liabilities
Derivative instruments	0
Interest rate derivative instruments	0
Level 2
Assets
Rabbi trust	0	0
Deferred compensation program assets	0	0
Total assets	4,830	8,734
Liabilities
Deferred compensation program liabilities	0	0
Liabilities	2,082	5,102
Level 2 | Foreign exchange derivative instruments
Assets
Foreign exchange derivative instruments	4,378	7,393
Foreign exchange derivative instruments		1,341
Liabilities
Derivative instruments	1,931	4,758
Foreign exchange derivative instruments		344
Level 2 | Interest rate derivative instruments
Assets
Interest rate derivative instruments	452
Liabilities
Derivative instruments	63
Interest rate derivative instruments	88
Level 3
Assets
Rabbi trust	0	0
Deferred compensation program assets	0	0
Total assets	0	0
Liabilities
Deferred compensation program liabilities	0	0
Liabilities	0	0
Level 3 | Foreign exchange derivative instruments
Assets
Foreign exchange derivative instruments	0	0
Foreign exchange derivative instruments		0
Liabilities
Derivative instruments	0	0
Foreign exchange derivative instruments		$ 0
Level 3 | Interest rate derivative instruments
Assets
Interest rate derivative instruments	0
Liabilities
Derivative instruments	0
Interest rate derivative instruments	$ 0

Pension and Other Postretirem_3

Pension and Other Postretirement Benefits - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) plan	Dec. 31, 2022 USD ($) plan
Pension Benefits (Underfunded)
Pension and Other Postretirement Benefits
Actuarial (loss) gain, attributable to change in discount rates	$ (2.7)	$ 41
Actuarial (loss) gain, attributable to change in lump sum interest rates	5.9	44.6
Actuarial gain (loss), attributable to higher salary increases than expected and lump sums paid	(1.2)	(8.2)
Pension Benefits (Overfunded)
Pension and Other Postretirement Benefits
Actuarial (loss) gain, attributable to change in discount rates	$ (0.4)	$ 12.3
Number of defined benefit plans | plan	1	1
Actuarial (loss) gain, attributable to census data updates	$ (0.1)	$ (2)
Actuarial (loss) gain, attributable to update in mortality assumptions	0.4
Postemployment Retirement Benefits
Pension and Other Postretirement Benefits
Actuarial (loss) gain, attributable to change in discount rates	(0.2)	3.2
Actuarial (loss) gain, attributable to change in lump sum interest rates		(1.4)
Actuarial gain (loss), attributable to higher salary increases than expected and lump sums paid	2.7
Actuarial gain (loss), attributable to updated health care trend rates	$ (0.1)	$ (0.3)
Minimum
Pension and Other Postretirement Benefits
Age limit	50 years
Maximum
Pension and Other Postretirement Benefits
Age limit	65 years

Pension and Other Postretirem_4

Pension and Other Postretirement Benefits - Plan Assets and Funded Status (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pension Benefits
Change in projected benefit obligation ("PBO")
Service cost	$ 5,679	$ 7,844	$ 8,189
Interest cost	11,316	8,855	8,226
Change in plan assets
Fair value of plan assets at beginning of year	176,410
Fair value of plan assets at end of year	180,773	176,410
Postretirement Benefits
Change in projected benefit obligation ("PBO")
Projected benefit obligation at beginning of year	14,264	16,453
Service cost	429	563	670
Interest cost	662	353	302
Actuarial (gain) loss	(2,403)	(1,527)
Settlements	0	0
Participants’ contributions	762	787
Benefit payments	(2,286)	(2,365)
Foreign currency translation	0	0
Projected benefit obligation at end of year	11,428	14,264	16,453
Accumulated benefit obligation at end of year	11,428	14,264
Change in plan assets
Fair value of plan assets at beginning of year	0	0
Return on plan assets	0	0
Employer contributions	1,524	1,578
Participants’ contributions	762	787
Settlements	0	0
Benefit payments	(2,286)	(2,365)
Foreign currency translation	0	0
Fair value of plan assets at end of year	0	0	0
Funded status (fair value of plan assets less PBO)	(11,428)	(14,264)
Pension Benefits (Underfunded) | Pension Benefits
Change in projected benefit obligation ("PBO")
Projected benefit obligation at beginning of year	216,810	311,155
Service cost	5,679	7,844
Interest cost	10,354	8,300
Actuarial (gain) loss	(1,438)	(79,231)
Settlements	(7,142)	(26,469)
Participants’ contributions	0	0
Benefit payments	(4,333)	(3,637)
Foreign currency translation	(288)	(1,152)
Projected benefit obligation at end of year	219,642	216,810	311,155
Accumulated benefit obligation at end of year	201,856	196,785
Change in plan assets
Fair value of plan assets at beginning of year	150,229	228,232
Return on plan assets	11,493	(51,939)
Employer contributions	4,048	4,260
Participants’ contributions	0	0
Settlements	(7,142)	(26,469)
Benefit payments	(4,333)	(3,637)
Foreign currency translation	(79)	(218)
Fair value of plan assets at end of year	154,216	150,229	228,232
Funded status (fair value of plan assets less PBO)	(65,426)	(66,581)
Pension Benefits (Overfunded) | Pension Benefits
Change in projected benefit obligation ("PBO")
Projected benefit obligation at beginning of year	19,208	33,782
Service cost	0	0
Interest cost	962	555
Actuarial (gain) loss	274	(10,387)
Settlements	0	0
Participants’ contributions	0	0
Benefit payments	(987)	(1,581)
Foreign currency translation	1,102	(3,161)
Projected benefit obligation at end of year	20,559	19,208	33,782
Accumulated benefit obligation at end of year	20,325	18,987
Change in plan assets
Fair value of plan assets at beginning of year	26,181	45,705
Return on plan assets	(104)	(13,661)
Employer contributions	0	0
Participants’ contributions	0	0
Settlements	0	0
Benefit payments	(987)	(1,581)
Foreign currency translation	1,467	(4,282)
Fair value of plan assets at end of year	26,557	26,181	$ 45,705
Funded status (fair value of plan assets less PBO)	$ 5,998	$ 6,973

Pension and Other Postretirem_5

Pension and Other Postretirement Benefits - Recognized on Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Assets and liabilities recognized on consolidated balance sheets:
Accrued pension and other postretirement benefits	$ (69,634)	$ (74,234)
Pension Benefits
Assets and liabilities recognized on consolidated balance sheets:
Other assets	5,998	6,973
Accrued compensation and benefits	(6,295)	(5,422)
Accrued pension and other postretirement benefits	(59,131)	(61,159)
Net liability recognized	(59,428)	(59,608)
Accumulated other comprehensive income (loss) on consolidated balance sheets that have not yet been recognized as components of net periodic benefit cost:
Net actuarial (loss) gain at beginning of year	(28,208)	(52,739)	$ (64,349)
Actuarial gain	4,695	16,455	4,131
Settlement impact	(39)	2,733	3,087
Amortization of actuarial loss (gain)	94	3,952	3,943
Amortization of prior service cost (credit)	182	270	279
Foreign currency translation	(668)	1,121	170
Net actuarial (loss) gain at end of year	(23,944)	(28,208)	(52,739)
Postretirement Benefits
Assets and liabilities recognized on consolidated balance sheets:
Other assets	0	0
Accrued compensation and benefits	(925)	(1,189)
Accrued pension and other postretirement benefits	(10,503)	(13,075)
Net liability recognized	(11,428)	(14,264)
Accumulated other comprehensive income (loss) on consolidated balance sheets that have not yet been recognized as components of net periodic benefit cost:
Net actuarial (loss) gain at beginning of year	7,283	6,362	4,640
Actuarial gain	2,403	1,527	2,179
Settlement impact	0	0	0
Amortization of actuarial loss (gain)	(893)	(469)	(320)
Amortization of prior service cost (credit)	(137)	(137)	(137)
Foreign currency translation	0	0	0
Net actuarial (loss) gain at end of year	$ 8,656	$ 7,283	$ 6,362

Pension and Other Postretirem_6

Pension and Other Postretirement Benefits - Periodic Benefit Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pension Benefits
Components of net periodic benefit cost
Service cost	$ 5,679	$ 7,844	$ 8,189
Interest cost	11,316	8,855	8,226
Expected return on plan assets	(7,858)	(7,563)	(9,683)
Settlements	(39)	2,733	3,087
Amortization of net loss (gain)	94	3,952	3,943
Amortization of prior service cost (credit)	182	270	279
Net periodic benefit cost	9,374	16,091	14,041
Postretirement Benefits
Components of net periodic benefit cost
Service cost	429	563	670
Interest cost	662	353	302
Expected return on plan assets	0	0	0
Settlements	0	0	0
Amortization of net loss (gain)	(893)	(469)	(320)
Amortization of prior service cost (credit)	(137)	(137)	(137)
Net periodic benefit cost	$ 61	$ 310	$ 515

Pension and Other Postretirem_7

Pension and Other Postretirement Benefits - Weighted Average Assumptions (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Weighted average assumptions used to determine net cost for years ended December 31
Expected long-term rate of return on plan assets	3.75%
Pension Benefits
Weighted average assumptions used to determine benefit obligations at December 31
Discount rate	4.93%	5.16%
Rate of compensation increase	3.80%	3.81%
Weighted average assumptions used to determine net cost for years ended December 31
Discount rate	5.16%	2.93%	2.66%
Expected long-term rate of return on plan assets	3.91%	3.44%	4.28%
Rate of compensation increase	3.81%	3.81%	3.56%
Postretirement Benefits
Weighted average assumptions used to determine benefit obligations at December 31
Discount rate	4.92%	5.10%
Weighted average assumptions used to determine net cost for years ended December 31
Discount rate	5.10%	2.71%	2.34%

Pension and Other Postretirem_8

Pension and Other Postretirement Benefits - Healthcare Cost Trend Rates (Details) - Postretirement Benefits Medical and Prescription Drug	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Assumed healthcare cost trend rates used to determine benefit obligations and net cost:
Rate that the cost trend rate is assumed to decline (the ultimate trend rate)	4.50%	4.50%	4.50%
Minimum
Assumed healthcare cost trend rates used to determine benefit obligations and net cost:
Healthcare cost trend rate assumed for next year	7%	6.75%	5.80%
Maximum
Assumed healthcare cost trend rates used to determine benefit obligations and net cost:
Healthcare cost trend rate assumed for next year	8.50%	8%	7.31%

Pension and Other Postretirem_9

Pension and Other Postretirement Benefits - Plan Assets and Type of Fair Value Measurement (Details) - Pension Benefits - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Pension and Other Postretirement Benefits
Fair value of plan assets	$ 180,773	$ 176,410
Level 1
Pension and Other Postretirement Benefits
Fair value of plan assets	397	0
Level 2
Pension and Other Postretirement Benefits
Fair value of plan assets	26,950	26,540
Level 3
Pension and Other Postretirement Benefits
Fair value of plan assets	0	0
Cash | Fixed income
Pension and Other Postretirement Benefits
Fair value of plan assets	397
Cash | Level 1
Pension and Other Postretirement Benefits
Fair value of plan assets	397
Cash | Level 2
Pension and Other Postretirement Benefits
Fair value of plan assets	0
Cash | Level 3
Pension and Other Postretirement Benefits
Fair value of plan assets	0
Fixed income | Fixed income
Pension and Other Postretirement Benefits
Fair value of plan assets	26,950	26,540
Fixed income | Level 1
Pension and Other Postretirement Benefits
Fair value of plan assets	0	0
Fixed income | Level 2
Pension and Other Postretirement Benefits
Fair value of plan assets	26,950	26,540
Fixed income | Level 3
Pension and Other Postretirement Benefits
Fair value of plan assets	0	0
Commingled funds | Measured at net asset value
Pension and Other Postretirement Benefits
Fair value of plan assets	153,426	149,870
Commingled funds | Level 1
Pension and Other Postretirement Benefits
Fair value of plan assets	0	0
Commingled funds | Level 2
Pension and Other Postretirement Benefits
Fair value of plan assets	0	0
Commingled funds | Level 3
Pension and Other Postretirement Benefits
Fair value of plan assets	$ 0	$ 0

Pension and Other Postretire_10

Pension and Other Postretirement Benefits - U.S. Defined Benefit Plan (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Pension and Other Postretirement Benefits
Future expected blended long-term rate of return on plan assets (as a percent)	3.75%
Minimum | United States | Return-seeking investment
Pension and Other Postretirement Benefits
Asset allocation (as a percent)	32%	26%
Minimum | United States | Liability-hedging investment
Pension and Other Postretirement Benefits
Asset allocation (as a percent)	59%	68%
Maximum | United States | Return-seeking investment
Pension and Other Postretirement Benefits
Asset allocation (as a percent)	41%	32%
Maximum | United States | Liability-hedging investment
Pension and Other Postretirement Benefits
Asset allocation (as a percent)	68%	74%

Pension and Other Postretire_11

Pension and Other Postretirement Benefits - Estimated Contributions and Estimated Future Retirement Benefit Payments (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Pension Benefits
Pension and Other Postretirement Benefits
Estimated contribution	$ 6,400
Estimated Future Retirement Benefit Payments, Year ending December 31,
2024	28,355
2025	23,738
2026	23,943
2027	24,024
2028	23,735
Thereafter	104,505
Total	228,300
Postretirement Benefits
Estimated Future Retirement Benefit Payments, Year ending December 31,
2024	926
2025	1,005
2026	993
2027	1,087
2028	1,089
Thereafter	5,343
Total	$ 10,443

Pension and Other Postretire_12

Pension and Other Postretirement Benefits - International Plans (Details) - Pension Benefits - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Pension and Other Postretirement Benefits
Fair value of plan assets	$ 180,773	$ 176,410
International Plans
Pension and Other Postretirement Benefits
Total projected benefit obligations	37,900	35,400
Fair value of plan assets	28,000	27,800
Pension expense	$ 2,800	$ 3,300	$ 2,100

Pension and Other Postretire_13

Pension and Other Postretirement Benefits - Defined Contribution Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Cash contributions	$ 21.3	$ 20	$ 14.8

Income Taxes - Components of In

Income Taxes - Components of Income Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Components of income before income taxes:
Domestic operations	$ 158,999	$ 130,568	$ 122,724
Foreign operations	82,601	128,867	125,099
Income before income taxes	$ 241,600	$ 259,435	$ 247,823

Income Taxes - Income Tax Expen

Income Taxes - Income Tax Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Current expense
United States	$ 9,704	$ 2,755	$ 2,820
Foreign	17,876	42,536	48,743
Current income tax expense	27,580	45,291	51,563
Deferred expense (benefit)
United States	6,626	10,122	17,297
Foreign	8,787	(1,062)	(5,277)
Deferred income tax expense	15,413	9,060	12,020
Total income tax expense	$ 42,993	$ 54,351	$ 63,583

Income Taxes - Reconciliation (

Income Taxes - Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income tax expense computed at federal statutory income tax rate	$ 50,736	$ 54,481	$ 52,043
Foreign taxes, net of credits	(11,859)	(6,063)	(2,029)
Net adjustments for uncertain tax positions	1,010	768	793
State and local taxes	6,160	3,430	4,184
Nondeductible expenses	2,250	1,413	2,347
Valuation allowance	(110)	4,079	9,626
Tax credits	(5,214)	(3,418)	(3,322)
Miscellaneous other, net	20	(339)	(59)
Total income tax expense	$ 42,993	$ 54,351	$ 63,583
Effective income tax rate	17.80%	20.90%	25.70%

Income Taxes - Net Deferred Tax

Income Taxes - Net Deferred Tax Assets (Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Deferred tax assets
Compensation and benefits	$ 17,867	$ 15,453
Share-based compensation	9,890	9,234
Pension and other postretirement benefits	11,892	12,787
Inventories	22,258	25,223
R&D capitalization	48,949	36,426
Lease liability	25,161	16,248
Transaction costs	807	1,026
Nondeductible accruals and reserves	12,805	12,240
Miscellaneous	1,126	254
Net operating loss and other tax carryforwards	40,371	58,741
Gross deferred tax assets	191,126	187,632
Valuation allowance	(33,999)	(34,109)	$ (30,030)	$ (20,404)
Total deferred tax assets	157,127	153,523
Deferred tax liabilities
Property, plant and equipment	(6,413)	(4,874)
Identifiable intangible assets	(87,616)	(80,235)
Right-of-use assets	(23,817)	(15,380)
Tax on unremitted earnings	(10,674)	(7,354)
Foreign exchange derivative instruments	(2,723)	(2,158)
Miscellaneous	(1,510)	(1,867)
Total deferred tax liabilities	(132,753)	(111,868)
Net deferred tax asset	$ 24,374	$ 41,655

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease in valuation allowance	$ (110)	$ 4,079	$ 9,626
Unrecognized tax benefits	10,782	9,538	8,658	$ 7,822
Unrecognized tax benefits, income tax penalties and interest accrued		200	$ 200
Unrecognized tax benefits, income tax penalties and interest expense	200	0
State
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net operating loss carryforwards	50,600	74,800
State | Research Tax Credit Carryforward
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Tax credit carryforwards	9,000	8,700
Foreign
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Tax credit carryforwards	27,700	31,900
Domestic | General Business Tax Credit Carryforward
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Tax credit carryforwards	$ 11,100	$ 24,900

Income Taxes - Changes in Valua

Income Taxes - Changes in Valuation Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Changes in valuation allowance for deferred tax assets:
Valuation allowance at beginning of year	$ 34,109	$ 30,030	$ 20,404
(Decreases) increases recorded to income tax provision	(110)	4,079	9,626
Valuation allowance at end of year	$ 33,999	$ 34,109	$ 30,030

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefit (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of activity related to unrecognized tax benefits, excluding interest and penalties:
Unrecognized tax benefits at beginning of year	$ 9,538	$ 8,658	$ 7,822
Gross additions - prior year tax positions	191	0	0
Gross additions - current year tax positions	1,229	1,054	1,004
Gross reductions - prior year tax positions	(176)	(174)	(168)
Unrecognized tax benefits at end of year	$ 10,782	$ 9,538	$ 8,658

Common Stock - Narrative (Detai

Common Stock - Narrative (Details)						12 Months Ended
	Nov. 03, 2023 USD ($) shares	Jan. 23, 2023 USD ($) shares	Jan. 13, 2023 USD ($) shares	Jan. 24, 2022 USD ($)	Apr. 02, 2021 USD ($) shares	Dec. 31, 2023 USD ($) vote $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) shares	Feb. 29, 2024 $ / shares	Feb. 15, 2024 USD ($)	Jun. 09, 2023 USD ($)	Aug. 30, 2022 USD ($)	Jun. 16, 2022 USD ($)	Nov. 08, 2021 USD ($)	Mar. 18, 2021 USD ($)	May 10, 2019 USD ($)
Dividends Payable [Line Items]
Common stock, shares authorized (in shares) | shares						500,000,000	500,000,000
Common stock, par value (in dollars per share) | $ / shares						$ 0.001	$ 0.001
Number of votes entitled | vote						1
Stock repurchase program, additional authorized amount						$ 250,000,000
Issued and outstanding common stock authorized to repurchase						$ 700,000,000
Shares repurchased (in shares) | shares						6,486,405	4,114,863	1,404,863
Aggregate value						$ 332,439,000	$ 190,759,000	$ 65,497,000
Accrued share repurchase (in shares) | shares							2,000,839
Amount remaining under current authorizations						75,000,000
Common Stock
Dividends Payable [Line Items]
Aggregate value						$ 626,100,000
Treasury share retirement (in shares) | shares						13,377,991
Subsequent Event
Dividends Payable [Line Items]
Stock repurchase program, additional authorized amount										$ 300,000,000
Issued and outstanding common stock authorized to repurchase										$ 1,000,000,000
Forecast
Dividends Payable [Line Items]
Dividends declared and payable (in dollars per share) | $ / shares									$ 0.215
Magnus
Dividends Payable [Line Items]
Issued and outstanding common stock authorized to repurchase												$ 100,000,000	$ 75,000,000
Stock repurchase program, authorized amount														$ 37,500,000	$ 24,900,000	$ 24,900,000
Shares repurchased (in shares) | shares	1,824,994	2,168,528			355,341	3,993,522	699,819	355,341
Aggregate value	$ 100,000,000	$ 100,000,000		$ 37,500,000	$ 11,100,000	$ 200,002,000	$ 37,501,000	$ 11,125,000
Share repurchase liability							$ 92,600,000
Accrued share repurchase (in shares) | shares							2,000,839
Stock repurchase program, authorized amount, maximum amount to be purchased in open market											$ 100,000,000
Open Market
Dividends Payable [Line Items]
Stock repurchase program, authorized amount						$ 100,000,000
Shares repurchased (in shares) | shares			167,689			2,492,883	3,415,044	1,049,522
Aggregate value			$ 7,400,000			$ 132,437,000	$ 153,258,000	$ 54,372,000

Common Stock - Dividends (Detai

Common Stock - Dividends (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity [Abstract]
Dividends per common share (in dollars per share)	$ 0.195	$ 0.195	$ 0.195	$ 0.195	$ 0.180	$ 0.180	$ 0.180	$ 0.180	$ 0.165	$ 0.165	$ 0.165	$ 0.165	$ 0.780	$ 0.720	$ 0.660
Amount	$ 12,941	$ 13,098	$ 13,667	$ 13,629	$ 12,986	$ 13,192	$ 13,400	$ 13,473	$ 12,619	$ 12,692	$ 12,768	$ 12,767	$ 53,335	$ 53,051	$ 50,846

Common Stock - Schedule of Shar

Common Stock - Schedule of Share Repurchase Activity (Details) - USD ($) $ / shares in Units, $ in Thousands						12 Months Ended
	Nov. 03, 2023	Jan. 23, 2023	Jan. 13, 2023	Jan. 24, 2022	Apr. 02, 2021	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Shares purchased (in shares)						6,486,405	4,114,863	1,404,863
Average price (in dollars per share)						$ 51.25	$ 46.36	$ 46.62
Aggregate value						$ 332,439	$ 190,759	$ 65,497
Open Market
Debt Instrument [Line Items]
Shares purchased (in shares)			167,689			2,492,883	3,415,044	1,049,522
Average price (in dollars per share)						$ 53.13	$ 44.88	$ 51.81
Aggregate value			$ 7,400			$ 132,437	$ 153,258	$ 54,372
Excise tax						$ 1,100
Magnus
Debt Instrument [Line Items]
Shares purchased (in shares)	1,824,994	2,168,528			355,341	3,993,522	699,819	355,341
Average price (in dollars per share)						$ 50.08	$ 53.59	$ 31.31
Aggregate value	$ 100,000	$ 100,000		$ 37,500	$ 11,100	$ 200,002	$ 37,501	$ 11,125

Equity Incentive Plans - Narrat

Equity Incentive Plans - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) shares
Omnibus Incentive 2015 Plan
Equity Incentive Plans
Share reserved for issuance (in shares) | shares	5,476,366
Shares remaining available for future grants (in shares) | shares	2,677,900
RSUs | Omnibus Incentive 2015 Plan
Equity Incentive Plans
Unrecognized compensation expense | $	$ 20.4
Weighted average period	1 year 3 months 18 days
PSUs
Equity Incentive Plans
Vesting period	3 years
PSUs | Omnibus Incentive 2015 Plan
Equity Incentive Plans
Unrecognized compensation expense | $	$ 12
Weighted average period	1 year 9 months 18 days
Officer | RSUs
Equity Incentive Plans
Vesting period	3 years
Vesting percentage	33%
Company Officers and Employees | RSUs
Equity Incentive Plans
Vesting period	3 years
Vesting percentage	33%
Company Officers and Employees | PSUs | Minimum
Equity Incentive Plans
Vesting percentage	0%
Company Officers and Employees | PSUs | Maximum
Equity Incentive Plans
Vesting percentage	200%

Equity Incentive Plans - Restri

Equity Incentive Plans - Restricted Stock and Performance Stock Units (Details) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares
RSUs | Officer
Weighted Average Fair Value
Vesting percentage	33%
RSUs | Company Officers and Employees
Weighted Average Fair Value
Vesting percentage	33%
Omnibus Incentive 2015 Plan
Weighted Average Fair Value
Aggregate fair value | $	$ 22.5		$ 20.1
Omnibus Incentive 2015 Plan | RSUs
Number of Units
Outstanding at beginning of the period (in shares)	944,695	691,373	1,253,173
Granted (in shares)	476,614	379,895	314,060
Vested (in shares)	(528,020)	(91,641)	(806,645)
Forfeited (in shares)	(25,226)	(34,932)	(69,215)
Outstanding at end of the period (in shares)	868,063	944,695	691,373
Weighted Average Fair Value
Outstanding at beginning of the period (in dollars per share) | $ / shares	$ 37.48	$ 33.66	$ 24.33
Granted (in dollars per share) | $ / shares	48.10	43.97	45.81
Vested (in dollars per share) | $ / shares	31.87	35.39	24.43
Forfeited (in dollars per share) | $ / shares	46.85	37.88	27.46
Outstanding at end of the period (in dollars per share) | $ / shares	$ 46.45	$ 37.48	$ 33.66
Shares of common stock that were not delivered (in shares)	88,760	52,849	546,726
Aggregate fair value | $	$ 25.6	$ 4	$ 38.4
Vested (in shares)	528,020	91,641	806,645
Omnibus Incentive 2015 Plan | PSUs
Number of Units
Outstanding at beginning of the period (in shares)	529,366	367,067	457,576
Granted (in shares)	196,572	167,611	145,882
Vested (in shares)	(231,809)	0	(189,181)
Forfeited (in shares)	(13,875)	(5,312)	(47,210)
Outstanding at end of the period (in shares)	480,254	529,366	367,067
Weighted Average Fair Value
Outstanding at beginning of the period (in dollars per share) | $ / shares	$ 36.30	$ 32.84	$ 24.55
Granted (in dollars per share) | $ / shares	48.22	43.96	45.36
Vested (in dollars per share) | $ / shares	25.80	0	23.47
Forfeited (in dollars per share) | $ / shares	42.33	38.86	28.74
Outstanding at end of the period (in dollars per share) | $ / shares	$ 46.07	$ 36.30	$ 32.84
Vested (in shares)	231,809	0	189,181
Achieved target level of performance percentage	1
Omnibus Incentive 2015 Plan | PSUs | Common Stock
Number of Units
Vested (in shares)	(230,089)		0
Weighted Average Fair Value
Shares of common stock that were not delivered (in shares)	461,568		378,362
Vested (in shares)	230,089		0

Equity Incentive Plans - Compen

Equity Incentive Plans - Compensation Expense Recorded in the Consolidated Statement of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity Incentive Plans
Compensation expense	$ 29,709	$ 24,083	$ 27,639
RSUs | Omnibus Incentive 2015 Plan
Equity Incentive Plans
Compensation expense	17,055	13,269	12,113
PSUs | Omnibus Incentive 2015 Plan
Equity Incentive Plans
Compensation expense	$ 11,989	$ 10,157	$ 14,871

Equity Incentive Plans - Summar

Equity Incentive Plans - Summary of Shares of Common Stock Issued (Details) - Omnibus Incentive 2015 Plan - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cumulative undelivered shares of common stock (in shares)	88,760	52,849	546,726
Common Stock | RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of common stock issued (in shares)	474,886	525,029
Shares of common stock withheld by the Company as payment by employees in lieu of cash to satisfy tax withholding obligations (in shares)	(128,912)	(159,854)
Net shares of common stock issued (in shares)	345,974	365,175
Cumulative undelivered shares of common stock (in shares)	462,799	407,173
Common Stock | PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of common stock issued (in shares)	231,580	188,527
Shares of common stock withheld by the Company as payment by employees in lieu of cash to satisfy tax withholding obligations (in shares)	(91,843)	(87,215)
Net shares of common stock issued (in shares)	139,737	101,312
Cumulative undelivered shares of common stock (in shares)	421,331	191,242

Equity Incentive Plans - Comp_2

Equity Incentive Plans - Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity Incentive Plans
Total compensation expense before income tax	$ 29,709	$ 24,083	$ 27,639
Income tax benefit	5,126	4,174	4,631
Total compensation expense, net of income tax	24,583	19,909	23,008
Cost of goods sold
Equity Incentive Plans
Total compensation expense before income tax	1,615	1,316	874
Selling, general and administrative
Equity Incentive Plans
Total compensation expense before income tax	26,291	21,183	25,388
Research and development
Equity Incentive Plans
Total compensation expense before income tax	$ 1,803	$ 1,584	$ 1,377

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss, Net of Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 976,703	$ 1,080,267
Other comprehensive (loss) income before reclassifications	14,731	(960)
Amounts reclassified from accumulated other comprehensive loss, net of tax	(8,465)	(3,491)
Tax benefit (expense)	(947)	(5,635)
Ending balance	903,087	976,703
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(97,855)	(66,915)
Other comprehensive (loss) income before reclassifications	2,430	(30,940)
Amounts reclassified from accumulated other comprehensive loss, net of tax	0	0
Tax benefit (expense)	0	0
Ending balance	(95,425)	(97,855)
Gains (Losses) on Derivative Instruments | Foreign Exchange Derivative Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	5,598	5,167
Other comprehensive (loss) income before reclassifications	4,880	10,856
Amounts reclassified from accumulated other comprehensive loss, net of tax	(6,982)	(9,840)
Tax benefit (expense)	433	(585)
Ending balance	3,929	5,598
Gains (Losses) on Derivative Instruments | Interest Rate Swap Derivative Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	0	0
Other comprehensive (loss) income before reclassifications	991	0
Amounts reclassified from accumulated other comprehensive loss, net of tax	(690)	0
Tax benefit (expense)	(74)	0
Ending balance	227	0
Pension and Other Postretirement
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(17,411)	(37,834)
Other comprehensive (loss) income before reclassifications	6,430	19,124
Amounts reclassified from accumulated other comprehensive loss, net of tax	(793)	6,349
Tax benefit (expense)	(1,306)	(5,050)
Ending balance	(13,080)	(17,411)
Accumulated Other Comprehensive Loss, net of tax
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(109,668)	(99,582)
Ending balance	$ (104,349)	$ (109,668)

Interest Expense, Net and Oth_3

Interest Expense, Net and Other Expense, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest Expense, Net
Interest expense	$ 43,630	$ 14,012	$ 6,730
Gain (loss) recognized on unaudited condensed consolidated statements of operations	(690)	0	1,569
Interest income	(1,652)	(743)	(590)
Total interest expense, net	41,288	13,269	7,709
Other Expense, Net
Non-service cost component of net periodic benefit cost	3,327	7,994	5,697
Other (income) expense	(910)	835	(1,417)
Total other expense, net	$ 2,417	$ 8,829	$ 4,280

Net Income per Common Share - C

Net Income per Common Share - Computation of Basic and Diluted Net Income Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income attributable to Acushnet Holdings Corp.	$ 198,429	$ 199,278	$ 178,873
Weighted average number of common shares:
Basic (in shares)	67,063,933	71,958,879	74,536,637
Diluted (in shares)	67,517,105	72,560,098	75,265,074
Net income per common share attributable to Acushnet Holdings Corp.:
Basic (in dollars per share)	$ 2.96	$ 2.77	$ 2.40
Diluted (in dollars per share)	$ 2.94	$ 2.75	$ 2.38
RSUs
Weighted average number of common shares:
RSUs and PSUs (in shares)	311,992	354,960	560,449
PSUs
Weighted average number of common shares:
RSUs and PSUs (in shares)	141,180	246,259	167,988

Net Income per Common Share -_2

Net Income per Common Share - Calculation of Diluted Weighted Average Common Shares Outstanding (Details) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
RSUs
Anti-dilutive securities excluded from computation of earnings per share (in shares)	66,590	107,497	72,871

Segment Information - Reconcili

Segment Information - Reconciliation (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($) segment	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | segment	4
Total net sales	$ 2,381,995	$ 2,270,336	$ 2,147,930
Total segment operating income	285,305	281,533	259,812
Reconciling items:
Interest expense, net	(41,288)	(13,269)	(7,709)
Non-service cost component of net periodic benefit cost	(3,327)	(7,994)	(5,697)
Income before income taxes	241,600	259,435	247,823
Operating segments
Segment Reporting Information [Line Items]
Total segment operating income	301,337	286,550	263,942
Reconciling Items
Reconciling items:
Interest expense, net	(41,288)	(13,269)	(7,709)
Non-service cost component of net periodic benefit cost	(3,327)	(7,994)	(5,697)
Other	(15,122)	(5,852)	(2,713)
Titleist golf balls | Operating segments
Segment Reporting Information [Line Items]
Total net sales	761,724	678,844	667,552
Total segment operating income	144,266	112,738	106,202
Titleist golf clubs | Operating segments
Segment Reporting Information [Line Items]
Total net sales	658,645	609,573	551,532
Total segment operating income	106,542	100,926	75,397
Titleist golf gear | Operating segments
Segment Reporting Information [Line Items]
Total net sales	216,161	204,946	192,613
Total segment operating income	21,246	11,652	14,696
FootJoy golf wear | Operating segments
Segment Reporting Information [Line Items]
Total net sales	596,444	617,951	580,550
Total segment operating income	16,079	36,982	44,210
Other | Operating segments
Segment Reporting Information [Line Items]
Total net sales	149,021	159,022	155,683
Total segment operating income	$ 13,204	$ 24,252	$ 23,437

Segment Information - Depreciat

Segment Information - Depreciation and Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total depreciation and amortization	$ 51,356	$ 41,706	$ 41,243
Titleist golf balls
Segment Reporting Information [Line Items]
Total depreciation and amortization	23,228	21,644	22,248
Titleist golf clubs
Segment Reporting Information [Line Items]
Total depreciation and amortization	13,321	8,672	8,136
Titleist golf gear
Segment Reporting Information [Line Items]
Total depreciation and amortization	4,410	1,843	1,715
FootJoy golf wear
Segment Reporting Information [Line Items]
Total depreciation and amortization	7,613	6,677	6,293
Other
Segment Reporting Information [Line Items]
Total depreciation and amortization	$ 2,784	$ 2,870	$ 2,851

Segment Information - Geographi

Segment Information - Geographical Areas (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	$ 2,381,995	$ 2,270,336	$ 2,147,930
Total long-lived assets	295,343	254,472
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	1,350,006	1,227,801	1,125,006
Total long-lived assets	213,827	178,375
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	314,655	321,545	296,003
Total long-lived assets	12,926	10,949
Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	149,425	161,027	187,985
Total long-lived assets	5,613	2,529
Korea
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	301,815	312,655	322,609
Total long-lived assets	8,286	6,495
Rest of World
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	266,094	247,308	$ 216,327
Total long-lived assets	54,691	56,124
Thailand
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	$ 43,700	$ 44,200

Commitments and Contingencies -

Commitments and Contingencies - Purchase Commitments (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2024	$ 287,422
2025	52,444
2026	2,619
2027	2,467
2028	2,416
Thereafter	$ 7,239