Acushnet (GOLF) 10-K 27 Feb 25 2024 FY Annual report Financial data

Cover

Cover - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2024	Feb. 21, 2025	Jun. 28, 2024
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
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			$ 1.8
Entity Common Stock, Shares Outstanding		59,928,969
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 2, 2025, 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 Securities and Exchange Commission not later than 120 days after the registrant’s fiscal year ended December 31, 2024.
Entity Central Index Key	0001672013
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2024
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, 2024	Dec. 31, 2023
Current assets
Cash, cash equivalents and restricted cash ($10,647 and $12,532 attributable to the variable interest entity ("VIE"))	$ 53,059	$ 65,435
Accounts receivable, net	218,368	201,352
Inventories ($3,667 and $9,621 attributable to the VIE)	575,964	615,535
Prepaid and other assets	126,482	114,370
Total current assets	973,873	996,692
Property, plant and equipment, net ($8,135 and $9,044 attributable to the VIE)	325,747	295,343
Goodwill ($32,312 and $32,312 attributable to the VIE)	220,136	225,302
Intangible assets, net	523,131	537,407
Deferred income taxes	34,306	31,454
Other assets ($1,884 and $1,972 attributable to the VIE)	103,013	110,479
Total assets	2,180,206	2,196,677
Current liabilities
Short-term debt	10,160	28,997
Current portion of long-term debt	722	351
Accounts payable ($2,400 and $6,059 attributable to the VIE)	150,322	150,514
Accrued taxes	36,009	46,398
Accrued compensation and benefits ($643 and $1,233 attributable to the VIE)	95,064	111,136
Accrued expenses and other liabilities ($13,893 and $1,687 attributable to the VIE)	180,430	113,739
Total current liabilities	472,707	451,135
Long-term debt	753,081	671,819
Deferred income taxes	8,107	7,080
Accrued pension and other postretirement benefits	74,410	69,634
Other noncurrent liabilities	74,737	84,137
Total liabilities	1,383,042	1,283,805
Commitments and contingencies (Note 22)
Redeemable noncontrolling interests	4,028	9,785
Shareholders' equity
Common stock, $0.001 par value, 500,000,000 shares authorized; 61,214,541 and 63,429,243 shares issued	61	63
Additional paid-in capital	787,725	808,615
Accumulated other comprehensive loss, net of tax	(140,315)	(104,349)
Retained earnings	180,276	159,906
Treasury stock, at cost; (including 935,907 of accrued share repurchases) (Note 16)	(62,500)	0
Total equity attributable to Acushnet Holdings Corp.	765,247	864,235
Noncontrolling interests	27,889	38,852
Total shareholders' equity	793,136	903,087
Total liabilities, redeemable noncontrolling interests and shareholders' equity	$ 2,180,206	$ 2,196,677

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Cash, cash equivalents and restricted cash	$ 53,059	$ 65,435
Inventories	575,964	615,535
Property, plant and equipment, net	325,747	295,343
Goodwill	220,136	225,302
Other assets	103,013	110,479
Accounts payable	150,322	150,514
Accrued compensation and benefits	95,064	111,136
Accrued expenses and other liabilities	180,430	113,739
Other noncurrent liabilities	$ 74,737	$ 84,137
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)	61,214,541	63,429,243
Accrued share repurchase (in shares)	935,907
VIE
Cash, cash equivalents and restricted cash	$ 10,647	$ 12,532
Inventories	3,667	9,621
Property, plant and equipment, net	8,135	9,044
Goodwill	32,312	32,312
Other assets	1,884	1,972
Accounts payable	2,400	6,059
Accrued compensation and benefits	643	1,233
Accrued expenses and other liabilities	$ 13,893	$ 1,687

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Net sales	$ 2,457,091	$ 2,381,995	$ 2,270,336
Cost of goods sold	1,269,364	1,261,958	1,221,647
Gross profit	1,187,727	1,120,037	1,048,689
Operating expenses:
Selling, general and administrative	801,600	755,671	702,878
Research and development	67,841	64,839	56,393
Intangible amortization	14,024	14,222	7,885
Income from operations	304,262	285,305	281,533
Interest expense, net (Note 19)	52,637	41,288	13,269
Other expense, net	1,958	2,417	8,829
Income before income taxes	249,667	241,600	259,435
Income tax expense	47,825	42,993	54,351
Net income	201,842	198,607	205,084
Less: Net loss (income) attributable to noncontrolling interests	12,456	(178)	(5,806)
Net income attributable to Acushnet Holdings Corp.	$ 214,298	$ 198,429	$ 199,278
Net income per common share attributable to Acushnet Holdings Corp.:
Basic (in dollars per share)	$ 3.38	$ 2.96	$ 2.77
Diluted (in dollars per share)	$ 3.37	$ 2.94	$ 2.75
Weighted average number of common shares:
Basic (in shares)	63,345,806	67,063,933	71,958,879
Diluted (in shares)	63,648,238	67,517,105	72,560,098

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 201,842	$ 198,607	$ 205,084
Other comprehensive (loss) income:
Foreign currency translation adjustments	(28,389)	2,916	(30,940)
Cash flow derivative instruments
Unrealized holding gains arising during period	12,693	5,871	10,856
Reclassification adjustments included in net income	(12,286)	(7,672)	(9,840)
Tax benefit (expense)	211	359	(585)
Cash flow derivative instruments, net	618	(1,442)	431
Pension and other postretirement benefits
Pension and other postretirement benefits adjustments	(10,960)	5,629	25,473
Tax benefit (expense)	2,455	(1,306)	(5,050)
Pension and other postretirement benefits adjustments, net	(8,505)	4,323	20,423
Total other comprehensive (loss) income	(36,276)	5,797	(10,086)
Comprehensive income	165,566	204,404	194,998
Less: Comprehensive loss (income) attributable to noncontrolling interests	12,766	(656)	(5,775)
Comprehensive income attributable to Acushnet Holdings Corp.	$ 178,332	$ 203,748	$ 189,223

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities
Net income	$ 201,842	$ 198,607	$ 205,084
Adjustments to reconcile net income to cash flows provided by (used in) operating activities
Depreciation and amortization	55,888	51,356	41,706
Unrealized foreign exchange (gain) loss	(2,856)	1,507	13,568
Amortization of debt issuance costs	1,754	927	2,000
Share based compensation	30,792	29,709	24,083
Loss (gain) on disposals of property, plant and equipment	902	99	(3,294)
Deferred income taxes	915	15,413	9,060
Changes in operating assets and liabilities
Accounts receivable	(26,799)	13,785	(58,893)
Inventories	21,659	58,897	(275,973)
Accounts payable	1,875	(12,105)	8,840
Accrued taxes	(8,222)	6,221	(11,427)
Other assets and liabilities	(32,642)	7,411	(22,541)
Cash flows provided by (used in) operating activities	245,108	371,827	(67,787)
Cash flows from investing activities
Additions to property, plant and equipment	(74,624)	(75,364)	(61,364)
Additions to intangible assets (Note 9)	0	(25,235)	(65,000)
Business acquisitions	0	0	(18,400)
Other, net	0	(887)	4,542
Cash flows used in investing activities	(74,624)	(101,486)	(140,222)
Cash flows from financing activities
Proceeds from short-term borrowings, net (Note 11)	0	0	3,362
Proceeds from credit facilities (Note 11)	1,243,120	1,527,896	976,953
Repayments of credit facilities (Note 11)	(1,178,799)	(1,739,308)	(414,104)
Proceeds from senior unsecured notes (Note 11)	0	350,000	0
Repayments of term loan facility (Note 11)	0	0	(315,000)
Purchases of common stock	(172,799)	(334,088)	(189,111)
Payment of debt issuance costs	0	(6,328)	(2,583)
Dividends paid on common stock	(54,291)	(52,480)	(52,239)
Dividends paid to noncontrolling interests	0	0	(1,601)
Payment of employee restricted stock tax withholdings	(16,914)	(11,495)	(10,661)
Other, net	0	1,078	(3,600)
Cash flows used in financing activities	(179,683)	(264,725)	(8,584)
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash	(3,177)	915	(6,180)
Net (decrease) increase in cash, cash equivalents and restricted cash	(12,376)	6,531	(222,773)
Cash, cash equivalents and restricted cash, beginning of year	65,435	58,904	281,677
Cash, cash equivalents and restricted cash, end of year	53,059	65,435	58,904
Supplemental information
Cash paid for interest	53,449	36,391	11,632
Cash paid for income taxes	49,436	33,619	56,413
Supplemental non-cash information
Purchases of property, plant and equipment, accrued not paid	2,327	2,145	4,308
Additions to right-of-use assets obtained in exchange for operating lease obligations	10,439	51,825	28,038
Additions to right-of-use assets obtained in exchange for finance lease obligations	434	944	525
Dividend equivalents rights ("DERs") declared not paid	1,989	1,971	1,742
Contingent consideration (Note 8)	342	0	1,400
Additions to redeemable noncontrolling interests (Note 8)	0	0	4,600
Share repurchase liability (Note 16)	$ 62,500	$ 0	$ 92,583

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, 2021			75,855,000
Beginning 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 (loss)	205,029	199,278				199,278		5,751
Other comprehensive income (loss)	(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 (Note 17) (in shares)			467,000
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes (Note 17)	(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 (loss)	199,642	198,429				198,429		1,213
Other comprehensive income (loss)	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 (Note 17) (in shares)			485,000
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes (Note 17)	(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
Changes in stockholders' equity
Net income (loss)	203,328	214,298				214,298		(10,970)
Other comprehensive income (loss)	(35,959)	(35,966)			(35,966)			7
Share-based compensation	30,336	30,336		30,336
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes (Note 17) (in shares)			444,000
Vesting of restricted common stock, including impact of DERs, net of shares withheld for employee taxes (Note 17)	(16,664)	(16,664)		(16,664)
Purchases of common stock (Note 16)	(173,859)	(173,859)					(173,859)
Share repurchase liability (Note 16)	(62,500)	(62,500)					(62,500)
Treasury share retirement (in shares)			(2,658,180)
Treasury share retirement (Note 16)	0		$ (2)	(34,220)		(139,637)	173,859
Dividends and dividend equivalents declared	(55,291)	(55,291)				(55,291)
Contingent consideration (Note 8)	(342)	(342)		(342)
Redemption value adjustment (Note 2)	1,000	1,000				1,000
Ending balance (in shares) at Dec. 31, 2024			61,215,000
Ending balance at Dec. 31, 2024	$ 793,136	$ 765,247	$ 61	$ 787,725	$ (140,315)	$ 180,276	$ (62,500)	$ 27,889

Description of Business

Description of Business	12 Months Ended
	Dec. 31, 2024
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 primary 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, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements of the Company have been prepared in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”). These consolidated financial statements include the accounts of the Company and Acushnet Company, including its wholly-owned subsidiaries and less than wholly-owned subsidiaries, which include a variable interest entity (“VIE”) in which Acushnet Company is the primary beneficiary. The Company conducts substantially all of its business through Acushnet Company and its subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. During the fourth quarter of 2024, the Company changed its accounting principle related to the presentation of costs associated with operating its distribution centers and costs associated with shipping and handling activities, as described in Change in Accounting Principle below. The Company also changed its reportable segments to combine the Titleist golf balls and Titleist golf clubs reportable segments into a Titleist golf equipment reportable segment. As part of this change, certain other immaterial changes have been made within the Company's reportable segments. Prior period amounts were updated to conform to the current year presentation for the change in accounting principle and reportable segments. See Note 21 for additional information regarding the Company's reportable segments. 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 ("Lionscore"), 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, 2024 and 2023. In addition, pursuant to the terms of the agreement governing the VIE, the Company is not required to provide financial support to the VIE. See Note 23 for additional information regarding restructuring activities impacting 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, 2024, the Company recorded a $1.0 million redemption value adjustment to decrease the carrying amount of redeemable noncontrolling interests. During the year ended December 31, 2023, the Company recorded a $2.2 million redemption value adjustment to increase the carrying value 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. 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, 2024, 2023 and 2022. 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, 2024 and 2023, the amount of restricted cash included in cash, cash equivalents and restricted cash on the consolidated balance sheets was $1.6 million and $1.7 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, 2024 and 2023, book overdrafts in the amount of $3.8 million and $4.2 million, respectively, were included in accounts payable on the consolidated balance sheets. 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, 2024 and 2023, the Company had unrestricted cash and cash equivalents of $48.9 million and $62.0 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 recorded at the lower of cost and net realizable value, which includes an allowance for obsolete or slow moving inventory. Approximate cost of inventory is determined on the first-in, first-out basis. The cost of inventory includes all costs to make products salable including materials, labor, manufacturing overhead, inbound freight, purchasing and receiving, and inspection costs. In addition, all depreciation expense associated with assets used to manufacture products and make them salable is included in inventory costs. 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 Property, Plant and Equipment, Net Property, plant and equipment, net is recorded at cost less accumulated depreciation and amortization. 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. See Note 7 for additional information. 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 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. See Note 4 for additional information. Internal Use Software and Cloud Computing Arrangements 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 current 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 are amortized over the estimated useful life which ranges from three The Company also enters into cloud computing arrangements to access and use third-party software to support operations. These arrangements are assessed to determine whether the contract is solely a service contract or includes a software license. Implementation costs for a cloud computing arrangement that is solely a service contract, including the integration, configuration and customization of the hosted third-party software, are capitalized and included in other assets. Once the software is placed into service, the capitalized implementation costs are amortized on a straight-line basis over the fixed, non-cancellable term of the contract, plus any renewal periods that are reasonably certain at that time, which ranges from one There were capitalized implementation costs, net of amortization of $18.0 million and $6.2 million for the years ended December 31, 2024 and 2023, respectively, of which $4.1 million and $1.8 million were included in prepaid and other assets and $13.9 million and $4.4 million were included in other assets on the consolidated balance sheets for the years ended December 31, 2024 and 2023, respectively. The Company recognized amortization expense related to these capitalized implementation costs of $4.0 million, $1.6 million and $0.1 million in the consolidated statements of operations during the years ended December 31, 2024, 2023 and 2022, respectively. Identifiable Intangible Assets Identifiable intangible assets are recorded at cost less accumulated amortization. Purchased intangible assets, other than goodwill and indefinite-lived intangible assets, are amortized on a straight-line basis over the useful lives of the asset. See Note 9 for additional information. 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. 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. 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 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. The investments in the plan assets are measured at fair value using quoted market prices or the net asset value as a practical expedient. Projected benefit 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 developed using forward looking asset class return assumptions for each asset class, weighted by the plan’s target exposure to each asset class within the portfolio. The asset class return assumption reflect a combination of historical results, current market characteristics, and professional judgement. 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 2024, 2023 and 2022, 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 U.S. Tax Cuts and Jobs Act of 2017 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 the cost of inventory, costs associated with operating the Company's distribution centers, costs associated with shipping and handling activities and certain foreign currency hedge gains and losses. Costs associated with operating the Company's distribution centers are expensed as incurred and include warehousing costs, indirect labor and supplies, as well as depreciation expense associated with assets used to distribute products. Product Warranty The Company has defined warranties generally ranging from one Advertising and Promotion Advertising and promotional expenses are included in selling, general and administrative 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 $242.3 million, $231.4 million and $211.9 million for the years ended December 31, 2024, 2023 and 2022, respectively. Selling Selling expenses including field sales, sales administration and commissions paid on certain retail sales are included in selling, general and administrative on the consolidated statements of operations. Research and Development Research and development expense is expensed as incurred and includes product development costs, product improvement costs, product engineering costs and process improvement costs. Foreign Currency Transactions and Translation Transactions denominated in a currency other than functional currency are re-measured into functional currency with the resulting transaction gain or loss recorded within selling, general and administrative on the consolidated statements of operations. Foreign currency transaction loss included in selling, general and administrative was $2.0 million, $4.0 million and $11.9 million for the years ended December 31, 2024, 2023 and 2022, respectively. Assets and liabilities are translated from the functional currency of the consolidated subsidiary into U.S. dollars at the actual rates of exchange as of 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 income (loss), net of tax. 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. Change in Accounting Principle During the fourth quarter of 2024, the Company changed its presentation related to costs associated with operating its distribution centers and costs associated with shipping and handling activities from selling, general and administrative to cost of goods sold within the consolidated statements of operations. The Company believes that this change in accounting principle is preferable as it better reflects the total cost of fulfilling its revenue transactions, aligns with how it internally manages its business and improves comparability with industry peers, thus providing more meaningful info

Revenue

Revenue	12 Months Ended
	Dec. 31, 2024
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 cost of goods sold 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 $12.3 million and $14.7 million as of December 31, 2024 and 2023, respectively. The value of inventory expected to be recovered related to sales returns was $6.3 million and $7.2 million as of December 31, 2024 and 2023, 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 credit losses 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 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, 2024
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 2024 2023 2022 Operating Cost of goods sold $ 2,497 $ 2,450 $ 2,364 Selling, general and administrative 21,043 19,777 13,337 Research and development 1,166 1,099 763 Finance Amortization of lease assets Selling, general and administrative 600 475 335 Interest on lease liabilities Interest expense, net 108 86 60 Short-term and low value lease cost 904 1,472 623 Variable lease cost 3,056 2,486 2,827 Total lease cost $ 29,374 $ 27,845 $ 20,309 Supplemental balance sheet information related to the Company's leases is as follows: Year ended December 31, (in thousands) Balance sheet location 2024 2023 Right-of-use assets Finance Property, plant and equipment, net $ 1,861 $ 2,031 Operating Other assets 75,655 88,820 Total lease assets $ 77,516 $ 90,851 Lease liabilities Finance Accrued expenses and other liabilities $ 599 $ 527 Operating Accrued expenses and other liabilities 19,513 19,045 Finance Long-term debt 1,262 1,505 Operating Other noncurrent liabilities 60,168 73,348 Total lease liabilities $ 81,542 $ 94,425 The weighted average remaining lease term and the weighted average discount rate for leases is as follows: Year ended December 31, 2024 2023 2022 Weighted average remaining lease term (years): Operating 5.6 6.2 4.9 Finance 3.6 4.3 4.5 Weighted average discount rate: Operating 4.58 % 4.01 % 2.72 % Finance 5.13 % 4.52 % 4.23 % The following table reconciles the undiscounted cash flows for leases as of December 31, 2024 to lease liabilities recorded on the consolidated balance sheet: Operating Finance (in thousands) Leases Leases Total 2025 $ 22,915 $ 680 $ 23,595 2026 18,007 553 18,560 2027 16,003 454 16,457 2028 12,334 251 12,585 2029 7,436 104 7,540 Thereafter 24,047 4 24,051 Total future lease payments 100,742 2,046 102,788 Less: Interest (21,061) (185) (21,246) Present value of lease liabilities $ 79,681 $ 1,861 $ 81,542 Accrued expenses and other liabilities $ 19,513 $ 599 $ 20,112 Long-term debt — 1,262 1,262 Other noncurrent liabilities 60,168 — 60,168 Total lease liabilities $ 79,681 $ 1,861 $ 81,542 Supplemental cash flow information related to the Company's leases are as follows: Year ended December 31, (in thousands) 2024 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 24,143 $ 21,623 $ 16,333 Operating cash flows for finance leases 108 86 60 Financing cash flows for finance leases 603 478 334
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 2024 2023 2022 Operating Cost of goods sold $ 2,497 $ 2,450 $ 2,364 Selling, general and administrative 21,043 19,777 13,337 Research and development 1,166 1,099 763 Finance Amortization of lease assets Selling, general and administrative 600 475 335 Interest on lease liabilities Interest expense, net 108 86 60 Short-term and low value lease cost 904 1,472 623 Variable lease cost 3,056 2,486 2,827 Total lease cost $ 29,374 $ 27,845 $ 20,309 Supplemental balance sheet information related to the Company's leases is as follows: Year ended December 31, (in thousands) Balance sheet location 2024 2023 Right-of-use assets Finance Property, plant and equipment, net $ 1,861 $ 2,031 Operating Other assets 75,655 88,820 Total lease assets $ 77,516 $ 90,851 Lease liabilities Finance Accrued expenses and other liabilities $ 599 $ 527 Operating Accrued expenses and other liabilities 19,513 19,045 Finance Long-term debt 1,262 1,505 Operating Other noncurrent liabilities 60,168 73,348 Total lease liabilities $ 81,542 $ 94,425 The weighted average remaining lease term and the weighted average discount rate for leases is as follows: Year ended December 31, 2024 2023 2022 Weighted average remaining lease term (years): Operating 5.6 6.2 4.9 Finance 3.6 4.3 4.5 Weighted average discount rate: Operating 4.58 % 4.01 % 2.72 % Finance 5.13 % 4.52 % 4.23 % The following table reconciles the undiscounted cash flows for leases as of December 31, 2024 to lease liabilities recorded on the consolidated balance sheet: Operating Finance (in thousands) Leases Leases Total 2025 $ 22,915 $ 680 $ 23,595 2026 18,007 553 18,560 2027 16,003 454 16,457 2028 12,334 251 12,585 2029 7,436 104 7,540 Thereafter 24,047 4 24,051 Total future lease payments 100,742 2,046 102,788 Less: Interest (21,061) (185) (21,246) Present value of lease liabilities $ 79,681 $ 1,861 $ 81,542 Accrued expenses and other liabilities $ 19,513 $ 599 $ 20,112 Long-term debt — 1,262 1,262 Other noncurrent liabilities 60,168 — 60,168 Total lease liabilities $ 79,681 $ 1,861 $ 81,542 Supplemental cash flow information related to the Company's leases are as follows: Year ended December 31, (in thousands) 2024 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 24,143 $ 21,623 $ 16,333 Operating cash flows for finance leases 108 86 60 Financing cash flows for finance leases 603 478 334

Allowance for Credit Losses

Allowance for Credit Losses	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Allowance for Credit Losses	Allowance for Credit Losses 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 these factors have been considered in the estimate of expected credit losses for the periods presented. The activity related to the allowance for credit losses was as follows: Year ended December 31, (in thousands) 2024 2023 2022 Balance at beginning of year $ 8,840 $ 8,258 $ 5,980 Provision for expected credit losses (807) 1,120 3,199 Amount of receivables written off (618) (689) (704) Foreign currency translation (177) 151 (217) Balance at end of year $ 7,238 $ 8,840 $ 8,258

Inventories

Inventories	12 Months Ended
	Dec. 31, 2024
Inventory Disclosure [Abstract]
Inventories	Inventories The components of inventories were as follows: (in thousands) December 31, 2024 December 31, 2023 Raw materials and supplies $ 137,150 $ 157,455 Work-in-process 33,549 24,949 Finished goods 405,265 433,131 Inventories $ 575,964 $ 615,535

Property, Plant and Equipment,

Property, Plant and Equipment, Net	12 Months Ended
	Dec. 31, 2024
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, 2024 December 31, 2023 Land $ 14,273 $ 14,329 Buildings and improvements 223,737 194,585 Machinery and equipment 272,911 242,007 Furniture, computers and equipment 62,032 56,032 Computer software 90,583 90,264 Construction in progress 51,640 53,921 Property, plant and equipment, gross 715,176 651,138 Accumulated depreciation and amortization (389,429) (355,795) Property, plant and equipment, net $ 325,747 $ 295,343 During the years ended December 31, 2024, 2023 and 2022, software development costs of $1.7 million, $3.9 million and $7.2 million were capitalized. Capitalized software development costs as of December 31, 2024, 2023 and 2022 consisted of software placed into service of $1.7 million, $3.6 million and $6.1 million, respectively. Capitalized software development costs recorded in construction in progress was $0.3 million and $1.1 million, for the years ended December 31, 2023 and 2022, respectively. Amortization expense on capitalized software development costs was $10.9 million, $9.6 million and $9.0 million for the years ended December 31, 2024, 2023 and 2022, respectively. Total depreciation and amortization expense related to property, plant and equipment was $41.9 million, $37.2 million and $33.8 million for the years ended December 31, 2024, 2023 and 2022, respectively.

Other Business Developments

Other Business Developments	12 Months Ended
	Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [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 "Titleist Performance Institute") 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). Titleist Performance Institute 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 Titleist Performance Institute are included in the Company's Titleist golf equipment reportable segment (Note 21). On April 1, 2022, the Company acquired the outstanding equity interest in PG Golf LLC for $5.0 million, including cash consideration of $3.6 million and contingent consideration valued at $1.4 million at the time of acquisition. As of December 31, 2024 and 2023, contingent consideration of $1.7 million and $1.4 million, respectively, was included in accrued expenses and other liabilities and other noncurrent liabilities, respectively on the consolidated balance sheets.

Goodwill and Identifiable Intan

Goodwill and Identifiable Intangible Assets, Net	12 Months Ended
	Dec. 31, 2024
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 FootJoy Golf Gear Other Total December 31, 2022 $ 198,092 $ 3,535 $ 13,439 $ 9,748 $ 224,814 Additions 235 — — 514 749 Foreign currency translation (262) (4) (21) 26 (261) December 31, 2023 198,065 3,531 13,418 10,288 225,302 Foreign currency translation (4,506) (66) (358) (236) (5,166) December 31, 2024 $ 193,559 $ 3,465 $ 13,060 $ 10,052 $ 220,136 There were no impairment losses recorded to goodwill during the years ended December 31, 2024, 2023 and 2022. As of December 31, 2024, 2023 and 2022, 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, 2024 December 31, 2023 (in thousands) Gross Accumulated Net Carrying Gross Accumulated Net Carrying Indefinite-lived: Trademarks $ 429,051 $ — $ 429,051 $ 429,051 $ — $ 429,051 Amortizing: Trademarks 96,512 (15,346) 81,166 96,512 (8,836) 87,676 Completed technology 76,943 (72,223) 4,720 76,943 (66,939) 10,004 Customer relationships 27,403 (19,209) 8,194 28,146 (17,491) 10,655 Licensing fees and other 32,483 (32,483) — 32,640 (32,619) 21 Total intangible assets $ 662,392 $ (139,261) $ 523,131 $ 663,292 $ (125,885) $ 537,407 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 Golf gear reportable 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 $14.0 million, $14.2 million and $7.9 million for the years ended December 31, 2024, 2023 and 2022, respectively. There were no impairment losses recorded to indefinite-lived intangible assets during the years ended December 31, 2024, 2023 and 2022. 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, 2025 $ 11,866 2026 8,397 2027 7,584 2028 6,957 2029 6,941 Thereafter 52,335 Total $ 94,080

Product Warranty

Product Warranty	12 Months Ended
	Dec. 31, 2024
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) 2024 2023 2022 Balance at beginning of year $ 4,997 $ 3,951 $ 4,177 Provision 6,588 6,995 4,911 Claims paid/costs incurred (6,432) (5,966) (4,986) Foreign currency translation (173) 17 (151) Balance at end of year $ 4,980 $ 4,997 $ 3,951

Debt and Financing Arrangements

Debt and Financing Arrangements	12 Months Ended
	Dec. 31, 2024
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, 2024 December 31, 2023 Multi-currency revolving credit facility $ 404,700 $ 325,175 Senior unsecured notes 350,000 350,000 Other short-term borrowings 10,160 28,997 Other long-term borrowings 2,810 1,557 Finance lease obligations 1,262 1,505 Debt issuance costs (1) (4,969) (6,067) Total 763,963 701,167 Less: short-term debt and current portion of long-term debt 10,882 29,348 Total long-term debt and finance lease obligations $ 753,081 $ 671,819 _________________________________ (1) Debt issuance costs of $5.0 million and $6.1 million as of December 31, 2024 and 2023, respectively, relate 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”. On May 2, 2024, the Company entered into a third amendment to its Second Amended Credit Agreement (as so amended, the “Amended Credit Agreement”). 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 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 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 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. On June 28, 2024, the Canadian Dollar Offered Rate (“CDOR”) ceased to be published (the “CORRA Transition Date”). Pursuant to the Amended Credit Agreement, for loans denominated in Canadian dollars borrowed or continued after the CORRA Transition Date, the Adjusted CDOR (as defined in the Second Amended Credit Agreement) is replaced by adjusted term CORRA (the Canadian Overnight Repo Rate Average administered by Bank of Canada) plus a credit spread adjustment of 0.29547% (for a one-month Interest Period) or 0.32138% (for a three-month Interest Period) (“Adjusted Term CORRA”). The applicable margin for Adjusted Term CORRA loans remains 1.00% to 1.75%, depending on the Net Average Total Leverage Ratio (as defined in the Amended Credit Agreement). The 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 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 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, 2024, the Company was in compliance with all covenants under the Amended Credit Agreement. The weighted average interest rate applicable to the Company's multi-currency revolving credit facility as of December 31, 2024 and 2023 was 5.51% and 6.57%, respectively. As of December 31, 2024, the Company had available borrowings under its revolving credit facility of $542.4 million after giving effect to $2.9 million of outstanding letters of credit. Under the 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 Amended Credit Agreement and would allow the lenders under the 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) becomes the beneficial owner of 35% or more of the outstanding common stock of the Company. 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 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, 2024 and December 31, 2023 was $362.1 million and $365.1 million, respectively. 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 $5.6 million and $6.5 million was included within accrued expenses and other liabilities on the consolidated balance sheets as of December 31, 2024 and December 31, 2023, respectively. The Notes mature on October 15, 2028, unless earlier repurchased or redeemed in accordance with their terms, and as a result, are 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 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, 2024, 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 0.61% and 0.45% as of December 31, 2024 and 2023, respectively. As of December 31, 2024, the Company had available borrowings remaining under these local credit facilities of $47.5 million. Letters of Credit As of December 31, 2024, there were outstanding letters of credit related to agreements, including those issued under the Company's Amended Credit Facility, totaling $5.7 million of which $2.9 million was secured. As of December 31, 2023, there were outstanding letters of credit related to agreements, including those issued under the Company's Amended Credit Facility, totaling $11.3 million, of which $8.1 million was secured. These agreements provided a maximum commitment for letters of credit of $57.9 million as of December 31, 2024. Payments of Debt Obligations due by Period As of December 31, 2024, principal payments due on outstanding long-term debt obligations were as follows: (in thousands) Year ending December 31, 2025 $ 722 2026 665 2027 405,362 2028 350,662 2029 99 Total $ 757,510

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2024
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, the Australian dollar 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, 2024 and 2023 was $192.2 million and $209.6 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, 2024 and 2023. Selling, general and administrative expenses during the years ended December 31, 2023 and 2022 included gains of $0.1 million and $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 rate interest 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. The notional value of the Company's outstanding interest rate swap contracts was $100.0 million as of December 31, 2024 and 2023. The Company's outstanding interest rate swap contracts are due to mature on February 28, 2025. Impact on Financial Statements The fair value of hedge instruments recognized on the consolidated balance sheets was as follows: (in thousands) December 31, 2024 December 31, 2023 Balance Sheet Location Hedge Instrument Type Prepaid and other assets Foreign exchange forward $ 8,135 $ 4,378 Interest rate swap 4 452 Accrued expenses and other liabilities Foreign exchange forward 251 1,931 Interest rate swap 1 63 Other noncurrent liabilities Interest rate swap — 88 The hedge instrument gains recognized in accumulated other comprehensive loss, net of tax was as follows: Year ended December 31, (in thousands) 2024 2023 2022 Type of hedge Foreign exchange forward $ 12,118 $ 4,880 $ 10,856 Interest rate swap 575 991 — Total $ 12,693 $ 5,871 $ 10,856 Based on the current valuation, during the next 12 months the Company expects to reclassify a net gain of $6.7 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 less than $0.1 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 gains recognized on the consolidated statements of operations was as follows: Year ended December 31, (in thousands) 2024 2023 2022 Location of gains in consolidated statements of operations Foreign exchange forward: Cost of goods sold $ 11,414 $ 6,982 $ 9,840 Selling, general and administrative (1) 2,318 665 2,991 Total $ 13,732 $ 7,647 $ 12,831 Interest rate swap: Interest expense, net $ 872 $ 690 $ — Total $ 872 $ 690 $ — _________________________________ (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, 2024
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, 2024 were as follows: Fair Value Measurements as of December 31, 2024 using: (in thousands) Level 1 Level 2 Level 3 Balance Sheet Location Assets Rabbi trust $ 3,150 $ — $ — Prepaid and other assets Foreign exchange derivative instruments — 8,135 — Prepaid and other assets Interest rate derivative instruments — 4 — Prepaid and other assets Deferred compensation program assets 633 — — Other assets Total assets $ 3,783 $ 8,139 $ — Liabilities Foreign exchange derivative instruments $ — $ 251 $ — Accrued expenses and other liabilities Interest rate derivative instruments — 1 — Accrued expenses and other liabilities Deferred compensation program liabilities 633 — — Other noncurrent liabilities Total liabilities $ 633 $ 252 $ — 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 $ — 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, 2024
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, 2024: (in thousands) Pension Pension Postretirement Change in projected benefit obligation ("PBO") Benefit obligation at December 31, 2023 $ 219,642 $ 20,559 $ 11,428 Service cost 5,321 — 333 Interest cost 9,761 953 519 Actuarial gain (946) (1,678) (208) Curtailments (176) — — Settlements (16,046) — — Participants’ contributions — — 745 Benefit payments (4,404) (986) (1,519) Foreign currency translation (1,168) (293) — Projected benefit obligation at December 31, 2024 211,984 18,555 11,298 Accumulated benefit obligation at December 31, 2024 195,080 18,308 11,298 Change in plan assets Fair value of plan assets at December 31, 2023 154,216 26,557 — Return on plan assets (3,533) (2,367) — Employer contributions 10,183 — 774 Participants’ contributions — — 745 Settlements (16,046) — — Benefit payments (4,404) (986) (1,519) Foreign currency translation (128) (356) — Fair value of plan assets at December 31, 2024 140,288 22,848 — Funded status (fair value of plan assets less PBO) $ (71,696) $ 4,293 $ (11,298) 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 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 above components of the change in the underfunded defined benefit PBO for the years ended December 31, 2024 and 2023 are primarily driven by the U.S. defined benefit plans. The actuarial gain related to the U.S. defined benefit plans for the year ended December 31, 2024 includes a $7.4 million actuarial gain attributable to the change in discount rates, a $4.1 million actuarial loss attributable to the change in the lump sum conversion rates and the associated IRS mortality assumptions update and a $2.5 million actuarial loss attributable to plan experience being different than anticipated, primarily related to differences in expected future salaries and actual amounts paid during 2024. The actuarial gain related to the U.S. defined benefit plans for the year ended December 31, 2023 includes a $5.9 million gain attributable to the change in the lump sum conversion rates and the associated IRS mortality assumptions update, a $2.7 million actuarial loss attributable to the change in discount rates and a $1.2 million actuarial loss attributable to plan experience being different than anticipated, primarily related to differences in expected future salaries and lump sums paid during 2023. The Company had one overfunded defined benefit plan for the years ended December 31, 2024 and 2023. The actuarial gain for the year ended December 31, 2024 primarily includes a $1.9 million actuarial gain attributable to the change in discount rates. The actuarial loss for the year ended December 31, 2023 primarily includes 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. The change in the postretirement benefit plan PBO for the year ended December 31, 2024 includes a $0.6 million actuarial gain due to the change in the discount rate, offset in part by a $0.3 million actuarial loss due to updated health care trend rates. 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 actuarial loss due to the change in the discount rate and a $0.1 million actuarial 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) 2024 2023 2024 2023 Other assets $ 4,293 $ 5,998 $ — $ — Accrued compensation and benefits (7,596) (6,295) (988) (925) Accrued pension and other postretirement benefits (64,100) (59,131) (10,310) (10,503) Net liability recognized $ (67,403) $ (59,428) $ (11,298) $ (11,428) The amounts in accumulated other comprehensive loss, net of tax on the consolidated balance sheets that have not yet been recognized as components of net periodic benefit cost (credit) were as follows: Pension Benefits Postretirement Benefits Year ended December 31, Year ended December 31, (in thousands) 2024 2023 2022 2024 2023 2022 Net actuarial (loss) gain at beginning of year $ (23,944) $ (28,208) $ (52,739) $ 8,656 $ 7,283 $ 6,362 Actuarial (loss) gain (10,625) 4,695 16,455 208 2,403 1,527 Curtailment impact 128 — — — — — Settlement impact 104 (39) 2,733 — — — Amortization of actuarial loss (gain) 234 94 3,952 (1,134) (893) (469) Amortization of prior service cost (credit) 95 182 270 (137) (137) (137) Foreign currency translation 160 (668) 1,121 — — — Net actuarial (loss) gain at end of year $ (33,848) $ (23,944) $ (28,208) $ 7,593 $ 8,656 $ 7,283 Components of net periodic benefit cost (credit) were as follows: Pension Benefits Postretirement Benefits Year ended December 31, Year ended December 31, (in thousands) 2024 2023 2022 2024 2023 2022 Components of net periodic benefit cost (credit) Service cost $ 5,321 $ 5,679 $ 7,844 $ 333 $ 429 $ 563 Interest cost 10,714 11,316 8,855 519 662 353 Expected return on plan assets (7,349) (7,858) (7,563) — — — Curtailment income (48) — — — — — Settlements 104 (39) 2,733 — — — Amortization of net loss (gain) 234 94 3,952 (1,134) (893) (469) Amortization of prior service cost (credit) 95 182 270 (137) (137) (137) Net periodic benefit cost (credit) $ 9,071 $ 9,374 $ 16,091 $ (419) $ 61 $ 310 The non-service cost components of net periodic benefit cost (credit) 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, 2024 and 2023 were as follows: Pension Benefits Postretirement Benefits 2024 2023 2024 2023 Discount rate 5.57 % 4.93 % 5.54 % 4.92 % Rate of compensation increase 3.81 % 3.80 % N/A N/A The weighted average assumptions used to determine net periodic benefit cost (credit) for the years ended December 31, 2024, 2023 and 2022 were as follows: Pension Benefits Postretirement Benefits 2024 2023 2022 2024 2023 2022 Discount rate 4.93 % 5.16 % 2.93 % 4.92 % 5.10 % 2.71 % Expected long-term rate of return on plan assets 3.75 % 3.91 % 3.44 % N/A N/A N/A Rate of compensation increase 3.80 % 3.81 % 3.81 % N/A N/A N/A The assumed healthcare cost trend rates used to determine benefit obligations and net periodic benefit cost (credit) for postretirement benefits as of and for the years ended December 31, 2024, 2023 and 2022 were as follows: 2024 2023 2022 Healthcare cost trend rate assumed for next year 7.00%/11.75% 7.00%/8.50% 6.75%/8.00% 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 2035 2033 2031 Plan Assets Pension assets by major category of plan assets and the type of fair value measurement as of December 31, 2024 were as follows: (in thousands) Total Quoted Prices in Significant Significant Asset category Cash $ 359 $ 359 $ — $ — Fixed income securities 23,123 — 23,123 $ 23,482 $ 359 $ 23,123 $ — Commingled funds Measured at net asset value 139,654 $ 163,136 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 securities 26,950 — 26,950 — $ 27,347 $ 397 $ 26,950 $ — Commingled funds Measured at net asset value 153,426 $ 180,773 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, 2024, the U.S. defined benefit plan asset allocation of these trusts targeted a return-seeking investment allocation of 19% and a liability-hedging investment allocation of 81%. 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%. 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 4.52% 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 $12.7 million during 2025 based on current assumptions as of December 31, 2024. 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, 2025 $ 33,193 $ 990 2026 25,857 1,006 2027 25,676 1,102 2028 24,606 1,125 2029 22,740 1,106 Thereafter 102,585 5,741 $ 234,657 $ 11,070 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, 2024 and 2023, the international pension plans had total projected benefit obligations of $35.3 million and $37.9 million, respectively, and fair values of plan assets of $24.0 million and $28.0 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 $3.0 million, $2.8 million and $3.3 million for the years ended December 31, 2024, 2023 and 2022, respectively. 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 $22.5 million, $21.3 million and $20.0 million for the years ended December 31, 2024, 2023 and 2022, respectively.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The components of income before income taxes were as follows: Year ended December 31, (in thousands) 2024 2023 2022 Domestic operations $ 185,426 $ 158,999 $ 130,568 Foreign operations 64,241 82,601 128,867 Income before income taxes $ 249,667 $ 241,600 $ 259,435 Income tax expense (benefit) was as follows: Year ended December 31, (in thousands) 2024 2023 2022 Current expense United States $ 18,186 $ 9,704 $ 2,755 Foreign 28,724 17,876 42,536 Current income tax expense 46,910 27,580 45,291 Deferred expense (benefit) United States (907) 6,626 10,122 Foreign 1,822 8,787 (1,062) Deferred income tax expense 915 15,413 9,060 Total income tax expense $ 47,825 $ 42,993 $ 54,351 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) 2024 2023 2022 Income tax expense computed at federal statutory income tax rate $ 52,430 $ 50,736 $ 54,481 Foreign taxes, net of credits (14,433) (11,859) (6,063) Net adjustments for uncertain tax positions 1,943 1,010 768 State and local taxes 5,341 6,160 3,430 Nondeductible expenses 2,258 2,250 1,413 Valuation allowance 6,763 (110) 4,079 Tax credits (6,486) (5,214) (3,418) Miscellaneous other, net 9 20 (339) Income tax expense as reported $ 47,825 $ 42,993 $ 54,351 Effective income tax rate 19.2 % 17.8 % 20.9 % The components of net deferred tax assets (liabilities) were as follows: December 31, (in thousands) 2024 2023 Deferred tax assets Compensation and benefits $ 13,683 $ 17,867 Share-based compensation 8,354 9,890 Pension and other postretirement benefits 13,659 11,892 Inventories 19,170 22,258 R&D capitalization 60,261 48,949 Lease liability 21,288 25,161 Transaction costs 562 807 Nondeductible accruals and reserves 13,033 12,805 Miscellaneous 1,034 1,126 Net operating loss and other tax carryforwards 52,770 40,371 Gross deferred tax assets 203,814 191,126 Valuation allowance (40,762) (33,999) Total deferred tax assets 163,052 157,127 Deferred tax liabilities Property, plant and equipment (6,986) (6,413) Identifiable intangible assets (94,563) (87,616) Right-of-use assets (19,904) (23,817) Tax on unremitted earnings (11,328) (10,674) Foreign exchange derivative instruments (2,416) (2,723) Miscellaneous (1,656) (1,510) Total deferred tax liabilities (136,853) (132,753) Net deferred tax asset $ 26,199 $ 24,374 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, 2024 and 2023, the Company had state net operating loss (“NOL”) carryforwards of $53.6 million and $50.6 million, respectively. These NOL carryforwards will begin to expire in 2025. As of December 31, 2024 and 2023, the Company had foreign NOL carryforwards of $32.6 million and $9.9 million, respectively. These foreign NOL carryforwards will begin to expire in 2028. As of both December 31, 2024 and 2023, the Company had U.S. foreign tax credit carryforwards of $27.7 million. These U.S. foreign tax credits will begin to expire in 2028. As of December 31, 2024 and 2023, the Company had U.S. general business credit carryforwards of $6.2 million and $11.1 million, respectively. These U.S. general business credits will begin to expire in 2033. As of December 31, 2024 and 2023, the Company had state income tax credits of $9.8 million and $9.0 million, respectively. These state income tax credits will begin to expire in 2035. Changes in the valuation allowance for deferred tax assets were as follows: Year ended December 31, (in thousands) 2024 2023 2022 Valuation allowance at beginning of year $ 33,999 $ 34,109 $ 30,030 Increases (decreases) recorded to income tax provision 6,763 (110) 4,079 Valuation allowance at end of year $ 40,762 $ 33,999 $ 34,109 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 2024, the change in the valuation allowance of $6.8 million is principally due to losses incurred related to the FDL Closure Plan as described in Note 23, excess U.S. foreign tax credits arising from the Company's Japan branch operations, and state tax attributes that the Company expects to expire unutilized. In 2023 and 2022, 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 the Company 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) 2024 2023 2022 Unrecognized tax benefits at beginning of year $ 10,782 $ 9,538 $ 8,658 Gross additions - prior year tax positions — 191 — Gross additions - current year tax positions 1,965 1,229 1,054 Gross reductions - prior year tax positions (160) (176) (174) Unrecognized tax benefits at end of year $ 12,587 $ 10,782 $ 9,538 As of December 31, 2024, 2023 and 2022, the unrecognized tax benefits of $12.6 million, $10.8 million and $9.5 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, 2024, the Company recognized a liability of $0.2 million for interest and penalties. As of December 31, 2023 and 2022, the Company recognized a de minimis liability and a liability of $0.2 million for interest and penalties, respectively. During the year ended December 31, 2024, the Company recognized income tax expense of $0.2 million related to interest and penalties as a component of income tax expense. During the years ended December 31, 2023 and 2022, the Company recognized an income tax benefit of $0.2 million and de minimis interest and penalties as a component of income tax expense, respectively. 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 2016, 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, 2024.

Common Stock

Common Stock	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Common Stock	Common Stock As of December 31, 2024 and 2023, 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) 2024: Fourth Quarter $ 0.215 $ 13,476 Third Quarter 0.215 13,787 Second Quarter 0.215 13,873 First Quarter 0.215 14,155 Total dividends declared in 2024 $ 0.860 $ 55,291 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 During the first quarter of 2025, the Company's board of directors declared a dividend of $0.235 per share of common stock to shareholders of record as of March 7, 2025, which is payable on March 21, 2025 . Share Repurchase Program As of December 31, 2024, the board of directors had authorized the Company to repurchase up to $1.0 billion of its issued and outstanding common stock since the share repurchase program was established in 2018. 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 Amended Credit Agreement and the Indenture (Note 11). 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 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 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"). 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. On March 14, 2024, 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 April 1, 2024 through June 28, 2024, up to an aggregate of $37.5 million, at the same weighted average per share price (the "March 2024 Agreement"). On July 10, 2024, the Company purchased 587,520 shares of its common stock from Magnus for an aggregate of $37.5 million in satisfaction of its obligation under the March 2024 Agreement. On June 14, 2024, 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, 2024 through December 31, 2024, up to an aggregate of $62.5 million, at the same weighted average per share price (the "June 2024 Agreement"). In relation to this agreement, the Company recorded a share repurchase liability of $62.5 million for 935,907 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, 2024. On December 17, 2024, 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 January 2, 2025 through June 30, 2025, up to an aggregate of $62.5 million, at the same weighted average per share price (the "December 2024 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) 2024 2023 2022 Shares repurchased in the open market: Shares repurchased 2,070,660 2,492,883 3,415,044 Average price $ 65.34 $ 53.13 $ 44.88 Aggregate value (1)(2) $ 135,301 $ 132,437 $ 153,258 Shares repurchased from Magnus: Shares repurchased 587,520 3,993,522 699,819 Average price (3) $ 63.82 $ 50.08 $ 53.59 Aggregate value $ 37,498 $ 200,002 $ 37,501 Total shares repurchased: Shares repurchased 2,658,180 6,486,405 4,114,863 Average price $ 65.01 $ 51.25 $ 46.36 Aggregate value $ 172,799 $ 332,439 $ 190,759 ___________________________________ (1) During each of the years ended December 31, 2024 and 2023, excludes $1.1 million of excise tax on share repurchases which was included in the cost basis of treasury stock acquired. (2) Includes $1.6 million related to shares repurchased not settled as of December 31, 2022. (3) 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, 2024, the Company had $202.2 million remaining under the current share repurchase authorization including $125.0 million related to the June 2024 Agreement and December 2024 Agreement. On February 13, 2025, the Company's 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 since the share repurchase program was established in 2018 up to $1.25 billion. This program will remain in effect until completed or until terminated by the board of directors. Common Stock Retirement The Company records retirements of repurchased common stock, upon either formal or constructive retirement, at cost and allocates the excess of the repurchase price over the par value of shares acquired to both retained earnings and additional paid-in capital. The portion allocated to additional paid-in capital is calculated on a pro rata basis of the shares to be retired and the total shares issued and outstanding as of the date of retirement. When shares of common stock are retired, they are deducted from the number of shares issued. During the years ended December 31, 2024 and 2023, the Company retired 2,658,180 shares and 13,377,991 shares, respectively, of its previously repurchased common stock with an aggregate repurchase price of $173.9 million and $626.1 million, respectively.

Equity Incentive Plans

Equity Incentive Plans	12 Months Ended
	Dec. 31, 2024
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, 2024, the only equity-based 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, 2024, there were 5,032,886 remaining shares of common stock reserved for issuance under the 2015 Plan of which 2,313,545 remain available for future grants. A summary of the Company’s RSUs and PSUs as of December 31, 2024, 2023 and 2022 and changes during the years then ended is presented below: Number Weighted- Number of PSUs (5) Weighted- Outstanding as of December 31, 2021 691,373 $ 33.66 367,067 $ 32.84 Granted 379,895 43.97 167,611 43.96 Vested (1) (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 (2)(3) (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 Granted 317,753 66.87 156,087 66.77 Vested (3)(4) (495,068) 46.51 (133,099) 45.36 Forfeited (22,718) 38.27 (2,275) 56.40 Outstanding as of December 31, 2024 668,030 $ 56.40 500,967 $ 52.66 _______________________________________________________________________________ (1) 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. (2) 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. (3) Based upon the Company’s level of achievement of the applicable performance metrics, the recipients of the 133,099 and 231,809 PSUs vested during the year ended December 31, 2024 and 2023, respectively, were entitled to receive 266,198 and 461,568 shares of common stock, respectively. As of December 31, 2024 and 2023, there were 86,770 and 230,089 shares of common stock that had not been delivered in connection with the vesting of these PSUs, respectively. The aggregate fair value of PSUs vested during the year ended December 31, 2024 and 2023, as adjusted for the Company's achievement of the applicable performance metrics, was $17.8 million and $22.5 million, respectively. (4) Included 54,117 shares of common stock related to RSUs that were not delivered as of December 31, 2024. The aggregate fair value of RSUs vested was $32.2 million. (5) 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) 2024 2023 2022 RSU $ 19,146 $ 17,055 $ 13,269 PSU 11,190 11,989 10,157 The remaining unrecognized compensation expense related to unvested RSUs and unvested PSUs granted was $21.3 million and $12.9 million, respectively, as of December 31, 2024 and is expected to be recognized over the related weighted average period of 1.3 years and 1.7 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, 2024 December 31, 2023 RSUs PSUs RSUs PSUs Shares of common stock issued 479,760 219,823 474,886 231,580 Shares of common stock withheld by the Company as payment by employees in lieu of cash to satisfy tax withholding obligations (160,291) (95,814) (128,912) (91,843) Net shares of common stock issued 319,469 124,009 345,974 139,737 Cumulative undelivered shares of common stock 480,608 471,078 462,799 421,331 Compensation Expense The allocation of share-based compensation expense in the consolidated statements of operations was as follows: Year ended December 31, (in thousands) 2024 2023 2022 Cost of goods sold $ 1,748 $ 1,724 $ 1,457 Selling, general and administrative 27,466 26,182 21,042 Research and development 1,578 1,803 1,584 Total compensation expense before income tax 30,792 29,709 24,083 Income tax benefit 5,416 5,126 4,174 Total compensation expense, net of income tax $ 25,376 $ 24,583 $ 19,909

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss, Net of Tax	12 Months Ended
	Dec. 31, 2024
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, 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) Other comprehensive (loss) income before reclassifications (28,072) 12,118 575 (10,129) (25,508) Amounts reclassified from accumulated other comprehensive loss, net of tax — (11,414) (872) (838) (13,124) Tax benefit — 139 72 2,455 2,666 Balances as of December 31, 2024 $ (123,497) $ 4,772 $ 2 $ (21,592) $ (140,315)

Interest Expense, Net and Other

Interest Expense, Net and Other Expense, Net	12 Months Ended
	Dec. 31, 2024
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) 2024 2023 2022 Interest expense $ 54,711 $ 43,630 $ 14,012 Gain on interest rate swap (872) (690) — Interest income (1,202) (1,652) (743) Total interest expense, net $ 52,637 $ 41,288 $ 13,269 The components of other expense, net were as follows: Year ended December 31, (in thousands) 2024 2023 2022 Non-service cost component of net periodic benefit cost $ 2,998 $ 3,327 $ 7,994 Other (income) expense (1,040) (910) 835 Total other expense, net $ 1,958 $ 2,417 $ 8,829

Net Income per Common Share

Net Income per Common Share	12 Months Ended
	Dec. 31, 2024
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) 2024 2023 2022 Net income attributable to Acushnet Holdings Corp. $ 214,298 $ 198,429 $ 199,278 Weighted average number of common shares: Basic 63,345,806 67,063,933 71,958,879 RSUs 224,058 311,992 354,960 PSUs 78,374 141,180 246,259 Diluted 63,648,238 67,517,105 72,560,098 Net income per common share attributable to Acushnet Holdings Corp.: Basic $ 3.38 $ 2.96 $ 2.77 Diluted $ 3.37 $ 2.94 $ 2.75 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, 2024, 2023 and 2022 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, 2024 2023 2022 RSUs 161,217 66,590 107,497

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Segment Information	Segment Information The Company’s operating segments are based on how the CODM, the Company's President and Chief Executive Officer, makes decisions about assessing performance and allocating resources. In the fourth quarter of 2024, the CODM changed how they evaluate the Company’s performance and allocate resources as a result of ongoing strategic convergence between the golf ball and golf club businesses. Concurrently, the Company updated its internal reporting, including the information provided to the CODM and as such, the Company has updated its reportable segments. Following these changes, the Company has three reportable segments: (i) Titleist golf equipment, which includes the previous Titleist golf balls and Titleist golf clubs reportable segments, (ii) FootJoy golf wear and (iii) Golf gear. Titleist golf equipment includes Titleist and Pinnacle branded golf balls; PG Golf recycled golf balls; Titleist branded golf clubs including drivers, fairways, hybrids and irons; Vokey Design wedges; Scotty Cameron putters and Titleist Performance Institute. FootJoy golf wear includes FootJoy branded golf shoes, golf gloves, golf outerwear and golf apparel. Golf gear includes Titleist branded golf bags, headwear, golf gloves, travel gear and other golf accessories, as well as Club Glove travel products and Links & Kings luxury leather golf goods. The CODM primarily uses segment operating income (loss) to evaluate the effectiveness of business strategies, assess segment operating performance and make decisions regarding costs to incur across the business. Segment operating income (loss) includes directly attributable expenses and certain shared costs of corporate administration that are allocated to the operating 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 items that are not allocated to the reportable segments. The CODM does not evaluate a measure of assets when assessing performance. Results shown for the years ended December 31, 2024, 2023 and 2022 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, 2024 (in thousands) Titleist Golf Equipment FootJoy Golf Wear Golf Gear Total Reportable Segments Other (1) Total Consolidated Net sales $ 1,507,817 $ 574,560 $ 232,141 $ 2,314,518 $ 142,573 $ 2,457,091 Segment expenses: Cost of goods sold 711,544 352,225 142,870 1,206,639 Advertising and promotion 170,604 50,016 13,259 233,879 Research and development 59,534 4,338 2,218 66,090 Selling, general and administrative 282,408 142,741 45,399 470,548 Other segment items (2) 9,801 221 2,594 12,616 Restructuring costs (Note 23) — — — — 18,549 Other expenses — — — — 144,508 Total operating income (loss) 273,926 25,019 25,801 324,746 (20,484) 304,262 Reconciling items: Interest expense, net (52,637) Non-service cost component of net periodic benefit cost (2,998) Other 1,040 Total income before income tax $ 249,667 _________________________________ (1) Amounts represent operating segments that do not meet the quantitative thresholds to be a reportable segment, as well as unallocated corporate expenses. These non-reportable segments include two premium performance apparel businesses. (2) Other segment items include identifiable intangible asset amortization expense. Information by reportable segment and a reconciliation to reported amounts are as follows: Year ended December 31, 2023 (in thousands) Titleist Golf Equipment FootJoy Golf Wear Golf Gear Total Reportable Segments Other (1) Total Consolidated Net sales $ 1,420,369 $ 590,039 $ 222,566 $ 2,232,974 $ 149,021 $ 2,381,995 Segment expenses: Cost of goods sold 679,226 373,326 143,849 1,196,401 Advertising and promotion 160,464 50,384 12,079 222,927 Research and development 57,118 4,063 1,835 63,016 Selling, general and administrative 262,558 144,234 42,902 449,694 Other segment items (2) 10,196 223 2,384 12,803 Restructuring costs — — — — 705 Other expenses — — — — 151,144 Total operating income (loss) 250,807 17,809 19,517 288,133 (2,828) 285,305 Reconciling items: Interest expense, net (41,288) Non-service cost component of net periodic benefit cost (3,327) Other 910 Total income before income tax $ 241,600 _________________________________ (1) Amounts represent operating segments that do not meet the quantitative thresholds to be a reportable segment, as well as unallocated corporate expenses. These non-reportable segments include two premium performance apparel businesses. (2) Other segment items include identifiable intangible asset amortization expense. Information by reportable segment and a reconciliation to reported amounts are as follows: Year ended December 31, 2022 (in thousands) Titleist Golf Equipment FootJoy Golf Wear Golf Gear Total Reportable Segments Other (1) Total Consolidated Net sales $ 1,288,417 $ 611,002 $ 211,895 $ 2,111,314 $ 159,022 $ 2,270,336 Segment expenses: Cost of goods sold 634,984 372,867 149,304 1,157,155 Advertising and promotion 143,647 48,255 11,171 203,073 Research and development 48,798 3,907 1,792 54,497 Selling, general and administrative 241,130 146,078 40,592 427,800 Other segment items (2) 6,194 224 72 6,490 Other expenses 139,788 Total operating income 213,664 39,671 8,964 262,299 19,234 281,533 Reconciling items: Interest expense, net (13,269) Non-service cost component of net periodic benefit cost (7,994) Other (835) Total income before income tax $ 259,435 _________________________________ (1) Amounts represent operating segments that do not meet the quantitative thresholds to be a reportable segment, as well as unallocated corporate expenses. These non-reportable segments include two premium performance apparel businesses. (2) Other segment items include identifiable intangible asset amortization expense. Other segment disclosures are as follows: Year ended December 31, (in thousands) 2024 2023 2022 Depreciation and amortization Titleist golf equipment $ 39,514 $ 36,549 $ 30,316 FootJoy golf wear 7,978 7,613 6,677 Golf gear 5,470 4,410 1,843 Share based compensation Titleist golf equipment $ 19,483 $ 18,417 $ 14,703 FootJoy golf wear 7,844 7,633 6,043 Golf gear 2,989 3,003 2,680 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) 2024 2023 2022 Net sales United States $ 1,446,785 $ 1,350,006 $ 1,227,801 EMEA (1) 320,901 314,655 321,545 Japan 133,979 149,425 161,027 Korea 290,979 301,815 312,655 Rest of World 264,447 266,094 247,308 Total net sales $ 2,457,091 $ 2,381,995 $ 2,270,336 ___________________________________ (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) 2024 2023 Long-lived assets United States $ 237,097 $ 213,827 EMEA 13,964 12,926 Japan 4,961 5,613 Korea 6,981 8,286 Rest of World (1) 62,744 54,691 Total long-lived assets $ 325,747 $ 295,343 ___________________________________ (1) Includes manufacturing facilities in Thailand with long-lived assets of $51.1 million and $43.7 million as of December 31, 2024 and 2023, respectively.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2024
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, 2024 were as follows: Payments Due by Period (in thousands) 2025 2026 2027 2028 2029 Thereafter Purchase obligations (1) $ 298,819 $ 32,009 $ 3,245 $ 2,487 $ 2,044 $ 5,198 ___________________________________ (1) The reported amounts exclude those liabilities included in accounts payable or accrued liabilities on the consolidated balance sheet as of December 31, 2024. Litigation

Restructuring Costs

Restructuring Costs	12 Months Ended
	Dec. 31, 2024
Restructuring and Related Activities [Abstract]
Restructuring Costs	Restructuring Costs During the first quarter of 2024, Lionscore approved a plan to permanently close certain production lines at the VIE's Fujian Fuh Deh Leh (“FDL”) factory in Fuzhou, China, and involuntarily separate certain direct and indirect manufacturing employees, as footwear production volume was shifted to a third-party supplier in Vietnam affiliated with certain of the Company's VIE partners (the "Initial Plan"). The remaining direct and indirect manufacturing employees at FDL continued to service the remaining production lines. During the fourth quarter of 2024, Lionscore approved an additional plan to permanently close the VIE's FDL factory, including all remaining production lines, in the first quarter of 2025 and to shift the remaining footwear production volume to the aforementioned third-party supplier in Vietnam. As a result, the VIE plans to involuntarily separate the remaining employees of the FDL factory (the "FDL Closure Plan"). The activity related to these plans was as follows: Year ended (in thousands) December 31, 2024 Balance at beginning of period $ — Provision 18,000 Payments (5,569) Balance at end of year $ 12,431 The provision for involuntary employee termination costs associated with these plans was included in selling, general and administrative

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net income attributable to Acushnet Holdings Corp.	$ 214,298	$ 198,429	$ 199,278

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	We annually engage third parties (as well as our own internal audit department) to audit our cyber and information security programs, processes and controls, and the findings of these parties are reported to the Audit Committee and the full Board. These audits also include annual penetration testing and web application assessments by third parties to test control effectiveness against threat actor attack techniques. Our processes also address cybersecurity risks associated with our use of third-party service providers. We oversee third-party service providers by conducting vendor diligence upon onboarding and ongoing monitoring. Vendors are assessed for risk based on the nature of their service, access to data and systems and supply chain risk and, based on that assessment, we conduct diligence that may include completing security questionnaires, onsite evaluation, penetration test and policy reviews, and scans or other technical evaluations. We also partner and actively engage with key vendors and industry participants to share intelligence, best practices and benchmarking data with other member organizations of the Retail and Hospitality Information Sharing and Analysis Center, which aims to help its members improve their security posture and resilience against cyber-attacks. We maintain a Cyber and Data Security Incident Response Plan to more effectively respond to cyber and information security events. Periodically, we conduct a cybersecurity incident response tabletop exercise to test response actions of the Security Incident Response Team, to facilitate group discussions regarding the effectiveness of our cybersecurity incident response strategies and tactics and to update the plan with any lessons learned from the exercise. Our Security Awareness Program includes training that reinforces cybersecurity risk management policies, standards and practices, as well as the expectation that employees comply with these policies. The Security Awareness Program also trains personnel on how to identify potential cybersecurity risks and protect our resources and information. This training is mandatory for all relevant employees globally on a periodic basis, and it is supplemented by firmwide testing initiatives, including quarterly phishing tests. We provide specialized security training for certain employees such as application developers, human resources and finance teams. Finally, our Global Privacy Program requires all relevant employees to take periodic awareness training on data privacy. This privacy-focused training includes information about the relevant laws, confidentiality and security, as well as how to effectively report and respond to unauthorized access to or use of personal information.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	To more effectively prevent, detect and respond to cyber and information security threats, we maintain a global cyber security risk management program designed to identify, assess, and manage material risks from cybersecurity threats and to protect the security, confidentiality, integrity and availability of our critical information technology systems and information.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Our board of directors has established oversight mechanisms to manage risks from cybersecurity threats. The Audit Committee has responsibility for overseeing our cyber and information security program, which institutes and maintains controls for our systems, applications, and databases and for our third-party providers.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Audit Committee has responsibility for overseeing our cyber and information security program, which institutes and maintains controls for our systems, applications, and databases and for our third-party providers.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Audit Committee receives quarterly updates on the status of the cyber risk management program from the CTDO which include, among other things, a review of a dynamic and emerging cyber threat landscape, security events of note, updates on cyber risks and threats and the status of projects to strengthen and mature our cyber and information security program. Additionally, the SDCIS chairs the Cybersecurity Risk Committee, which seeks to drive awareness, ownership and alignment across broad governance and risk stakeholder groups for enhanced effectiveness of cybersecurity risk management and reporting. Members of senior management also discuss cybersecurity developments with the CTDO and SDCIS between meetings. Top identified cyber risks, metrics and measures of the effectiveness of the cyber risk management program are reviewed quarterly at the Cybersecurity Risk Committee and Company Risk Management Committee. Our Board also receives periodic updates from the CTDO and the SDCIS relating to cyber and information security risks.
Cybersecurity Risk Role of Management [Text Block]	To more effectively prevent, detect and respond to cyber and information security threats, we maintain a global cyber security risk management program designed to identify, assess, and manage material risks from cybersecurity threats and to protect the security, confidentiality, integrity and availability of our critical information technology systems and information. Our cybersecurity risk management program is supervised by a dedicated Senior Director of Cyber & Information Security (the “SDCIS”), who has more than 30 years of experience in cybersecurity and information technology in both private industry and the United States Air Force. The SDCIS is responsible for leading an enterprise-wide cyber security strategy, policy, standards, architecture and processes. The SDCIS reports directly to our Executive Vice President and Chief Technology and Digital Officer (the “CTDO”). For information regarding the relevant expertise and qualifications of our CTDO, see “Information About Our Executive Officers” included in Part I of this report. The cyber risk management program is based on a leading cyber risk controls framework and includes periodic maturity and risk assessments. Our board of directors has established oversight mechanisms to manage risks from cybersecurity threats. The Audit Committee has responsibility for overseeing our cyber and information security program, which institutes and maintains controls for our systems, applications, and databases and for our third-party providers. The Audit Committee receives quarterly updates on the status of the cyber risk management program from the CTDO which include, among other things, a review of a dynamic and emerging cyber threat landscape, security events of note, updates on cyber risks and threats and the status of projects to strengthen and mature our cyber and information security program. Additionally, the SDCIS chairs the Cybersecurity Risk Committee, which seeks to drive awareness, ownership and alignment across broad governance and risk stakeholder groups for enhanced effectiveness of cybersecurity risk management and reporting. Members of senior management also discuss cybersecurity developments with the CTDO and SDCIS between meetings. Top identified cyber risks, metrics and measures of the effectiveness of the cyber risk management program are reviewed quarterly at the Cybersecurity Risk Committee and Company Risk Management Committee. Our Board also receives periodic updates from the CTDO and the SDCIS relating to cyber and information security risks.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Our cybersecurity risk management program is supervised by a dedicated Senior Director of Cyber & Information Security (the “SDCIS”), who has more than 30 years of experience in cybersecurity and information technology in both private industry and the United States Air Force.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our cybersecurity risk management program is supervised by a dedicated Senior Director of Cyber & Information Security (the “SDCIS”), who has more than 30 years of experience in cybersecurity and information technology in both private industry and the United States Air Force.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	The SDCIS reports directly to our Executive Vice President and Chief Technology and Digital Officer (the “CTDO”).Members of senior management also discuss cybersecurity developments with the CTDO and SDCIS between meetings. Top identified cyber risks, metrics and measures of the effectiveness of the cyber risk management program are reviewed quarterly at the Cybersecurity Risk Committee and Company Risk Management Committee.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements of the Company have been prepared in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”). These consolidated financial statements include the accounts of the Company and Acushnet Company, including its wholly-owned subsidiaries and less than wholly-owned subsidiaries, which include a variable interest entity (“VIE”) in which Acushnet Company is the primary beneficiary. The Company conducts substantially all of its business through Acushnet Company and its subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of 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 ("Lionscore"), 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, 2024 and 2023. 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
Property, Plant and Equipment, Net	Property, Plant and Equipment, Net
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.
Internal Use Software and Cloud Computing Arrangements	Internal Use Software and Cloud Computing Arrangements three The Company also enters into cloud computing arrangements to access and use third-party software to support operations. These arrangements are assessed to determine whether the contract is solely a service contract or includes a software license. Implementation costs for a cloud computing arrangement that is solely a service contract, including the integration, configuration and customization of the hosted third-party software, are capitalized and included in other assets. Once the software is placed into service, the capitalized implementation costs are amortized on a straight-line basis over the fixed, non-cancellable term of the contract, plus any renewal periods that are reasonably certain at that time, which ranges from one
Identifiable Intangible Assets	Identifiable Intangible Assets
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.
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. The investments in the plan assets are measured at fair value using quoted market prices or the net asset value as a practical expedient. Projected benefit 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 developed using forward looking asset class return assumptions for each asset class, weighted by the plan’s target exposure to each asset class within the portfolio. The asset class return assumption reflect a combination of historical results, current market characteristics, and professional judgement. 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 U.S. Tax Cuts and Jobs Act of 2017 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 the cost of inventory, costs associated with operating the Company's distribution centers, costs associated with shipping and handling activities and certain foreign currency hedge gains and losses. Costs associated with operating the Company's distribution centers are expensed as incurred and include warehousing costs, indirect labor and supplies, as well as depreciation expense associated with assets used to distribute products.
Product Warranty	Product Warranty one
Advertising and Promotion	Advertising and Promotion
Selling	Selling
Research and Development	Research and Development
Foreign Currency Translations and Transaction	Foreign Currency Transactions and Translation
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 Segment Reporting In December 2024, the Company adopted Accounting Standards Update ("ASU") 2023-07, "Segment Reporting (Topic 280) - Improvements to Reportable Segment Disclosures" . The amendments in this update require enhanced disclosures of significant expenses for each reportable segment, as well as certain other disclosures to help investors understand how the chief operating decision maker (“CODM”) evaluates segment performance and allocate resources. The Company adopted ASU 2023-07 during the year ended December 31, 2024. Adoption of ASU 2023-07 resulted in incremental disclosures within the footnotes to the consolidated financial statements. See segment information in Note 21. Recently Issued Accounting Standards Income Taxes In December 2023, the Financial Accounting Standards Board ("FASB") issued ASU 2023-09, "Income Taxes (Topic 740) - Improvements to Income Tax Disclosures" . The amendments in this update provide more transparency about income tax information through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. ASU 2023-09 is effective for annual periods 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. Expense Disaggregation Disclosures In November 2024, the FASB issued ASU 2024-03, "Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40)" . The amendments in this update require disclosure, in the notes to financial statements, of specified information about certain costs and expenses. ASU 2024-03 is effective for annual periods beginning after December 15, 2026 and interim periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact this standard will have on its consolidated financial statements and related disclosures.
Revenue and Contract Balances	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 cost of goods sold 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. 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 credit losses 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.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2024
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
Schedule of Change in Accounting Principle	Certain financial statement line items included in the consolidated statements of operations for the years ended December 31, 2023 and 2022 were adjusted as follows: Year ended December 31, 2023 (in thousands) As reported Effect of change As adjusted Cost of goods sold $ 1,129,484 $ 132,474 $ 1,261,958 Gross profit 1,252,511 (132,474) 1,120,037 Selling, general and administrative 888,145 (132,474) 755,671 Year ended December 31, 2022 (in thousands) As reported Effect of change As adjusted Cost of goods sold $ 1,091,103 $ 130,544 $ 1,221,647 Gross profit 1,179,233 (130,544) 1,048,689 Selling, general and administrative 833,422 (130,544) 702,878

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2024
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 2024 2023 2022 Operating Cost of goods sold $ 2,497 $ 2,450 $ 2,364 Selling, general and administrative 21,043 19,777 13,337 Research and development 1,166 1,099 763 Finance Amortization of lease assets Selling, general and administrative 600 475 335 Interest on lease liabilities Interest expense, net 108 86 60 Short-term and low value lease cost 904 1,472 623 Variable lease cost 3,056 2,486 2,827 Total lease cost $ 29,374 $ 27,845 $ 20,309 The weighted average remaining lease term and the weighted average discount rate for leases is as follows: Year ended December 31, 2024 2023 2022 Weighted average remaining lease term (years): Operating 5.6 6.2 4.9 Finance 3.6 4.3 4.5 Weighted average discount rate: Operating 4.58 % 4.01 % 2.72 % Finance 5.13 % 4.52 % 4.23 % Supplemental cash flow information related to the Company's leases are as follows: Year ended December 31, (in thousands) 2024 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows for operating leases $ 24,143 $ 21,623 $ 16,333 Operating cash flows for finance leases 108 86 60 Financing cash flows for finance leases 603 478 334
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 2024 2023 Right-of-use assets Finance Property, plant and equipment, net $ 1,861 $ 2,031 Operating Other assets 75,655 88,820 Total lease assets $ 77,516 $ 90,851 Lease liabilities Finance Accrued expenses and other liabilities $ 599 $ 527 Operating Accrued expenses and other liabilities 19,513 19,045 Finance Long-term debt 1,262 1,505 Operating Other noncurrent liabilities 60,168 73,348 Total lease liabilities $ 81,542 $ 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, 2024 to lease liabilities recorded on the consolidated balance sheet: Operating Finance (in thousands) Leases Leases Total 2025 $ 22,915 $ 680 $ 23,595 2026 18,007 553 18,560 2027 16,003 454 16,457 2028 12,334 251 12,585 2029 7,436 104 7,540 Thereafter 24,047 4 24,051 Total future lease payments 100,742 2,046 102,788 Less: Interest (21,061) (185) (21,246) Present value of lease liabilities $ 79,681 $ 1,861 $ 81,542 Accrued expenses and other liabilities $ 19,513 $ 599 $ 20,112 Long-term debt — 1,262 1,262 Other noncurrent liabilities 60,168 — 60,168 Total lease liabilities $ 79,681 $ 1,861 $ 81,542
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, 2024 to lease liabilities recorded on the consolidated balance sheet: Operating Finance (in thousands) Leases Leases Total 2025 $ 22,915 $ 680 $ 23,595 2026 18,007 553 18,560 2027 16,003 454 16,457 2028 12,334 251 12,585 2029 7,436 104 7,540 Thereafter 24,047 4 24,051 Total future lease payments 100,742 2,046 102,788 Less: Interest (21,061) (185) (21,246) Present value of lease liabilities $ 79,681 $ 1,861 $ 81,542 Accrued expenses and other liabilities $ 19,513 $ 599 $ 20,112 Long-term debt — 1,262 1,262 Other noncurrent liabilities 60,168 — 60,168 Total lease liabilities $ 79,681 $ 1,861 $ 81,542

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Schedule of Activity Related to the Allowance for Doubtful Accounts	The activity related to the allowance for credit losses was as follows: Year ended December 31, (in thousands) 2024 2023 2022 Balance at beginning of year $ 8,840 $ 8,258 $ 5,980 Provision for expected credit losses (807) 1,120 3,199 Amount of receivables written off (618) (689) (704) Foreign currency translation (177) 151 (217) Balance at end of year $ 7,238 $ 8,840 $ 8,258

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2024
Inventory Disclosure [Abstract]
Schedule of Inventories	The components of inventories were as follows: (in thousands) December 31, 2024 December 31, 2023 Raw materials and supplies $ 137,150 $ 157,455 Work-in-process 33,549 24,949 Finished goods 405,265 433,131 Inventories $ 575,964 $ 615,535

Property, Plant and Equipment_2

Property, Plant and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2024
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, 2024 December 31, 2023 Land $ 14,273 $ 14,329 Buildings and improvements 223,737 194,585 Machinery and equipment 272,911 242,007 Furniture, computers and equipment 62,032 56,032 Computer software 90,583 90,264 Construction in progress 51,640 53,921 Property, plant and equipment, gross 715,176 651,138 Accumulated depreciation and amortization (389,429) (355,795) Property, plant and equipment, net $ 325,747 $ 295,343

Goodwill and Identifiable Int_2

Goodwill and Identifiable Intangible Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2024
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 FootJoy Golf Gear Other Total December 31, 2022 $ 198,092 $ 3,535 $ 13,439 $ 9,748 $ 224,814 Additions 235 — — 514 749 Foreign currency translation (262) (4) (21) 26 (261) December 31, 2023 198,065 3,531 13,418 10,288 225,302 Foreign currency translation (4,506) (66) (358) (236) (5,166) December 31, 2024 $ 193,559 $ 3,465 $ 13,060 $ 10,052 $ 220,136
Schedule of Indefinite-Lived Intangible Assets	The net carrying value by class of identifiable intangible assets was as follows: December 31, 2024 December 31, 2023 (in thousands) Gross Accumulated Net Carrying Gross Accumulated Net Carrying Indefinite-lived: Trademarks $ 429,051 $ — $ 429,051 $ 429,051 $ — $ 429,051 Amortizing: Trademarks 96,512 (15,346) 81,166 96,512 (8,836) 87,676 Completed technology 76,943 (72,223) 4,720 76,943 (66,939) 10,004 Customer relationships 27,403 (19,209) 8,194 28,146 (17,491) 10,655 Licensing fees and other 32,483 (32,483) — 32,640 (32,619) 21 Total intangible assets $ 662,392 $ (139,261) $ 523,131 $ 663,292 $ (125,885) $ 537,407
Schedule of Finite-Lived Intangible Assets	The net carrying value by class of identifiable intangible assets was as follows: December 31, 2024 December 31, 2023 (in thousands) Gross Accumulated Net Carrying Gross Accumulated Net Carrying Indefinite-lived: Trademarks $ 429,051 $ — $ 429,051 $ 429,051 $ — $ 429,051 Amortizing: Trademarks 96,512 (15,346) 81,166 96,512 (8,836) 87,676 Completed technology 76,943 (72,223) 4,720 76,943 (66,939) 10,004 Customer relationships 27,403 (19,209) 8,194 28,146 (17,491) 10,655 Licensing fees and other 32,483 (32,483) — 32,640 (32,619) 21 Total intangible assets $ 662,392 $ (139,261) $ 523,131 $ 663,292 $ (125,885) $ 537,407
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, 2025 $ 11,866 2026 8,397 2027 7,584 2028 6,957 2029 6,941 Thereafter 52,335 Total $ 94,080

Product Warranty (Tables)

Product Warranty (Tables)	12 Months Ended
	Dec. 31, 2024
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) 2024 2023 2022 Balance at beginning of year $ 4,997 $ 3,951 $ 4,177 Provision 6,588 6,995 4,911 Claims paid/costs incurred (6,432) (5,966) (4,986) Foreign currency translation (173) 17 (151) Balance at end of year $ 4,980 $ 4,997 $ 3,951

Debt and Financing Arrangemen_2

Debt and Financing Arrangements (Tables)	12 Months Ended
	Dec. 31, 2024
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, 2024 December 31, 2023 Multi-currency revolving credit facility $ 404,700 $ 325,175 Senior unsecured notes 350,000 350,000 Other short-term borrowings 10,160 28,997 Other long-term borrowings 2,810 1,557 Finance lease obligations 1,262 1,505 Debt issuance costs (1) (4,969) (6,067) Total 763,963 701,167 Less: short-term debt and current portion of long-term debt 10,882 29,348 Total long-term debt and finance lease obligations $ 753,081 $ 671,819 _________________________________ (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, 2024, principal payments due on outstanding long-term debt obligations were as follows: (in thousands) Year ending December 31, 2025 $ 722 2026 665 2027 405,362 2028 350,662 2029 99 Total $ 757,510

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2024
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, 2024 December 31, 2023 Balance Sheet Location Hedge Instrument Type Prepaid and other assets Foreign exchange forward $ 8,135 $ 4,378 Interest rate swap 4 452 Accrued expenses and other liabilities Foreign exchange forward 251 1,931 Interest rate swap 1 63 Other noncurrent liabilities Interest rate swap — 88
Schedule of Hedge Instruments Included in Accumulated Other Comprehensive Loss	The hedge instrument gains recognized in accumulated other comprehensive loss, net of tax was as follows: Year ended December 31, (in thousands) 2024 2023 2022 Type of hedge Foreign exchange forward $ 12,118 $ 4,880 $ 10,856 Interest rate swap 575 991 — Total $ 12,693 $ 5,871 $ 10,856
Schedule of Effect of Hedge Instruments in the Consolidated Statement of Operations	The hedge instrument gains recognized on the consolidated statements of operations was as follows: Year ended December 31, (in thousands) 2024 2023 2022 Location of gains in consolidated statements of operations Foreign exchange forward: Cost of goods sold $ 11,414 $ 6,982 $ 9,840 Selling, general and administrative (1) 2,318 665 2,991 Total $ 13,732 $ 7,647 $ 12,831 Interest rate swap: Interest expense, net $ 872 $ 690 $ — Total $ 872 $ 690 $ — _________________________________ (1)

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2024
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, 2024 were as follows: Fair Value Measurements as of December 31, 2024 using: (in thousands) Level 1 Level 2 Level 3 Balance Sheet Location Assets Rabbi trust $ 3,150 $ — $ — Prepaid and other assets Foreign exchange derivative instruments — 8,135 — Prepaid and other assets Interest rate derivative instruments — 4 — Prepaid and other assets Deferred compensation program assets 633 — — Other assets Total assets $ 3,783 $ 8,139 $ — Liabilities Foreign exchange derivative instruments $ — $ 251 $ — Accrued expenses and other liabilities Interest rate derivative instruments — 1 — Accrued expenses and other liabilities Deferred compensation program liabilities 633 — — Other noncurrent liabilities Total liabilities $ 633 $ 252 $ — 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 $ —

Pension and Other Postretirem_2

Pension and Other Postretirement Benefits (Tables)	12 Months Ended
	Dec. 31, 2024
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, 2024: (in thousands) Pension Pension Postretirement Change in projected benefit obligation ("PBO") Benefit obligation at December 31, 2023 $ 219,642 $ 20,559 $ 11,428 Service cost 5,321 — 333 Interest cost 9,761 953 519 Actuarial gain (946) (1,678) (208) Curtailments (176) — — Settlements (16,046) — — Participants’ contributions — — 745 Benefit payments (4,404) (986) (1,519) Foreign currency translation (1,168) (293) — Projected benefit obligation at December 31, 2024 211,984 18,555 11,298 Accumulated benefit obligation at December 31, 2024 195,080 18,308 11,298 Change in plan assets Fair value of plan assets at December 31, 2023 154,216 26,557 — Return on plan assets (3,533) (2,367) — Employer contributions 10,183 — 774 Participants’ contributions — — 745 Settlements (16,046) — — Benefit payments (4,404) (986) (1,519) Foreign currency translation (128) (356) — Fair value of plan assets at December 31, 2024 140,288 22,848 — Funded status (fair value of plan assets less PBO) $ (71,696) $ 4,293 $ (11,298) 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 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)
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) 2024 2023 2024 2023 Other assets $ 4,293 $ 5,998 $ — $ — Accrued compensation and benefits (7,596) (6,295) (988) (925) Accrued pension and other postretirement benefits (64,100) (59,131) (10,310) (10,503) Net liability recognized $ (67,403) $ (59,428) $ (11,298) $ (11,428)
Schedule of Defined Benefit Plan Amounts Recognized in Other Comprehensive Income (Loss)	The amounts in accumulated other comprehensive loss, net of tax on the consolidated balance sheets that have not yet been recognized as components of net periodic benefit cost (credit) were as follows: Pension Benefits Postretirement Benefits Year ended December 31, Year ended December 31, (in thousands) 2024 2023 2022 2024 2023 2022 Net actuarial (loss) gain at beginning of year $ (23,944) $ (28,208) $ (52,739) $ 8,656 $ 7,283 $ 6,362 Actuarial (loss) gain (10,625) 4,695 16,455 208 2,403 1,527 Curtailment impact 128 — — — — — Settlement impact 104 (39) 2,733 — — — Amortization of actuarial loss (gain) 234 94 3,952 (1,134) (893) (469) Amortization of prior service cost (credit) 95 182 270 (137) (137) (137) Foreign currency translation 160 (668) 1,121 — — — Net actuarial (loss) gain at end of year $ (33,848) $ (23,944) $ (28,208) $ 7,593 $ 8,656 $ 7,283
Schedule of Components of Net Periodic Benefit Cost	Components of net periodic benefit cost (credit) were as follows: Pension Benefits Postretirement Benefits Year ended December 31, Year ended December 31, (in thousands) 2024 2023 2022 2024 2023 2022 Components of net periodic benefit cost (credit) Service cost $ 5,321 $ 5,679 $ 7,844 $ 333 $ 429 $ 563 Interest cost 10,714 11,316 8,855 519 662 353 Expected return on plan assets (7,349) (7,858) (7,563) — — — Curtailment income (48) — — — — — Settlements 104 (39) 2,733 — — — Amortization of net loss (gain) 234 94 3,952 (1,134) (893) (469) Amortization of prior service cost (credit) 95 182 270 (137) (137) (137) Net periodic benefit cost (credit) $ 9,071 $ 9,374 $ 16,091 $ (419) $ 61 $ 310
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, 2024 and 2023 were as follows: Pension Benefits Postretirement Benefits 2024 2023 2024 2023 Discount rate 5.57 % 4.93 % 5.54 % 4.92 % Rate of compensation increase 3.81 % 3.80 % N/A N/A The weighted average assumptions used to determine net periodic benefit cost (credit) for the years ended December 31, 2024, 2023 and 2022 were as follows: Pension Benefits Postretirement Benefits 2024 2023 2022 2024 2023 2022 Discount rate 4.93 % 5.16 % 2.93 % 4.92 % 5.10 % 2.71 % Expected long-term rate of return on plan assets 3.75 % 3.91 % 3.44 % N/A N/A N/A Rate of compensation increase 3.80 % 3.81 % 3.81 % 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 (credit) for postretirement benefits as of and for the years ended December 31, 2024, 2023 and 2022 were as follows: 2024 2023 2022 Healthcare cost trend rate assumed for next year 7.00%/11.75% 7.00%/8.50% 6.75%/8.00% 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 2035 2033 2031
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, 2024 were as follows: (in thousands) Total Quoted Prices in Significant Significant Asset category Cash $ 359 $ 359 $ — $ — Fixed income securities 23,123 — 23,123 $ 23,482 $ 359 $ 23,123 $ — Commingled funds Measured at net asset value 139,654 $ 163,136 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 securities 26,950 — 26,950 — $ 27,347 $ 397 $ 26,950 $ — Commingled funds Measured at net asset value 153,426 $ 180,773
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, 2025 $ 33,193 $ 990 2026 25,857 1,006 2027 25,676 1,102 2028 24,606 1,125 2029 22,740 1,106 Thereafter 102,585 5,741 $ 234,657 $ 11,070

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2024
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) 2024 2023 2022 Domestic operations $ 185,426 $ 158,999 $ 130,568 Foreign operations 64,241 82,601 128,867 Income before income taxes $ 249,667 $ 241,600 $ 259,435
Schedule of Income Tax Expense	Income tax expense (benefit) was as follows: Year ended December 31, (in thousands) 2024 2023 2022 Current expense United States $ 18,186 $ 9,704 $ 2,755 Foreign 28,724 17,876 42,536 Current income tax expense 46,910 27,580 45,291 Deferred expense (benefit) United States (907) 6,626 10,122 Foreign 1,822 8,787 (1,062) Deferred income tax expense 915 15,413 9,060 Total income tax expense $ 47,825 $ 42,993 $ 54,351
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) 2024 2023 2022 Income tax expense computed at federal statutory income tax rate $ 52,430 $ 50,736 $ 54,481 Foreign taxes, net of credits (14,433) (11,859) (6,063) Net adjustments for uncertain tax positions 1,943 1,010 768 State and local taxes 5,341 6,160 3,430 Nondeductible expenses 2,258 2,250 1,413 Valuation allowance 6,763 (110) 4,079 Tax credits (6,486) (5,214) (3,418) Miscellaneous other, net 9 20 (339) Income tax expense as reported $ 47,825 $ 42,993 $ 54,351 Effective income tax rate 19.2 % 17.8 % 20.9 %
Schedule of Components of Net Deferred Tax Assets (Liabilities)	The components of net deferred tax assets (liabilities) were as follows: December 31, (in thousands) 2024 2023 Deferred tax assets Compensation and benefits $ 13,683 $ 17,867 Share-based compensation 8,354 9,890 Pension and other postretirement benefits 13,659 11,892 Inventories 19,170 22,258 R&D capitalization 60,261 48,949 Lease liability 21,288 25,161 Transaction costs 562 807 Nondeductible accruals and reserves 13,033 12,805 Miscellaneous 1,034 1,126 Net operating loss and other tax carryforwards 52,770 40,371 Gross deferred tax assets 203,814 191,126 Valuation allowance (40,762) (33,999) Total deferred tax assets 163,052 157,127 Deferred tax liabilities Property, plant and equipment (6,986) (6,413) Identifiable intangible assets (94,563) (87,616) Right-of-use assets (19,904) (23,817) Tax on unremitted earnings (11,328) (10,674) Foreign exchange derivative instruments (2,416) (2,723) Miscellaneous (1,656) (1,510) Total deferred tax liabilities (136,853) (132,753) Net deferred tax asset $ 26,199 $ 24,374
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) 2024 2023 2022 Valuation allowance at beginning of year $ 33,999 $ 34,109 $ 30,030 Increases (decreases) recorded to income tax provision 6,763 (110) 4,079 Valuation allowance at end of year $ 40,762 $ 33,999 $ 34,109
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) 2024 2023 2022 Unrecognized tax benefits at beginning of year $ 10,782 $ 9,538 $ 8,658 Gross additions - prior year tax positions — 191 — Gross additions - current year tax positions 1,965 1,229 1,054 Gross reductions - prior year tax positions (160) (176) (174) Unrecognized tax benefits at end of year $ 12,587 $ 10,782 $ 9,538

Common Stock (Tables)

Common Stock (Tables)	12 Months Ended
	Dec. 31, 2024
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) 2024: Fourth Quarter $ 0.215 $ 13,476 Third Quarter 0.215 13,787 Second Quarter 0.215 13,873 First Quarter 0.215 14,155 Total dividends declared in 2024 $ 0.860 $ 55,291 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
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) 2024 2023 2022 Shares repurchased in the open market: Shares repurchased 2,070,660 2,492,883 3,415,044 Average price $ 65.34 $ 53.13 $ 44.88 Aggregate value (1)(2) $ 135,301 $ 132,437 $ 153,258 Shares repurchased from Magnus: Shares repurchased 587,520 3,993,522 699,819 Average price (3) $ 63.82 $ 50.08 $ 53.59 Aggregate value $ 37,498 $ 200,002 $ 37,501 Total shares repurchased: Shares repurchased 2,658,180 6,486,405 4,114,863 Average price $ 65.01 $ 51.25 $ 46.36 Aggregate value $ 172,799 $ 332,439 $ 190,759 ___________________________________ (1) During each of the years ended December 31, 2024 and 2023, excludes $1.1 million of excise tax on share repurchases which was included in the cost basis of treasury stock acquired. (2) Includes $1.6 million related to shares repurchased not settled as of December 31, 2022. (3) 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, 2024
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, 2024, 2023 and 2022 and changes during the years then ended is presented below: Number Weighted- Number of PSUs (5) Weighted- Outstanding as of December 31, 2021 691,373 $ 33.66 367,067 $ 32.84 Granted 379,895 43.97 167,611 43.96 Vested (1) (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 (2)(3) (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 Granted 317,753 66.87 156,087 66.77 Vested (3)(4) (495,068) 46.51 (133,099) 45.36 Forfeited (22,718) 38.27 (2,275) 56.40 Outstanding as of December 31, 2024 668,030 $ 56.40 500,967 $ 52.66 _______________________________________________________________________________ (1) 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. (2) 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. (3) Based upon the Company’s level of achievement of the applicable performance metrics, the recipients of the 133,099 and 231,809 PSUs vested during the year ended December 31, 2024 and 2023, respectively, were entitled to receive 266,198 and 461,568 shares of common stock, respectively. As of December 31, 2024 and 2023, there were 86,770 and 230,089 shares of common stock that had not been delivered in connection with the vesting of these PSUs, respectively. The aggregate fair value of PSUs vested during the year ended December 31, 2024 and 2023, as adjusted for the Company's achievement of the applicable performance metrics, was $17.8 million and $22.5 million, respectively. (4) Included 54,117 shares of common stock related to RSUs that were not delivered as of December 31, 2024. The aggregate fair value of RSUs vested was $32.2 million. (5) 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 statements of operations was as follows: Year ended December 31, (in thousands) 2024 2023 2022 Cost of goods sold $ 1,748 $ 1,724 $ 1,457 Selling, general and administrative 27,466 26,182 21,042 Research and development 1,578 1,803 1,584 Total compensation expense before income tax 30,792 29,709 24,083 Income tax benefit 5,416 5,126 4,174 Total compensation expense, net of income tax $ 25,376 $ 24,583 $ 19,909
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) 2024 2023 2022 RSU $ 19,146 $ 17,055 $ 13,269 PSU 11,190 11,989 10,157 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, 2024 December 31, 2023 RSUs PSUs RSUs PSUs Shares of common stock issued 479,760 219,823 474,886 231,580 Shares of common stock withheld by the Company as payment by employees in lieu of cash to satisfy tax withholding obligations (160,291) (95,814) (128,912) (91,843) Net shares of common stock issued 319,469 124,009 345,974 139,737 Cumulative undelivered shares of common stock 480,608 471,078 462,799 421,331

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss, Net of Tax (Tables)	12 Months Ended
	Dec. 31, 2024
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, 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) Other comprehensive (loss) income before reclassifications (28,072) 12,118 575 (10,129) (25,508) Amounts reclassified from accumulated other comprehensive loss, net of tax — (11,414) (872) (838) (13,124) Tax benefit — 139 72 2,455 2,666 Balances as of December 31, 2024 $ (123,497) $ 4,772 $ 2 $ (21,592) $ (140,315)

Interest Expense, Net and Oth_2

Interest Expense, Net and Other Expense, Net (Tables)	12 Months Ended
	Dec. 31, 2024
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) 2024 2023 2022 Interest expense $ 54,711 $ 43,630 $ 14,012 Gain on interest rate swap (872) (690) — Interest income (1,202) (1,652) (743) Total interest expense, net $ 52,637 $ 41,288 $ 13,269
Schedule of Components of Other Expense, Net	The components of other expense, net were as follows: Year ended December 31, (in thousands) 2024 2023 2022 Non-service cost component of net periodic benefit cost $ 2,998 $ 3,327 $ 7,994 Other (income) expense (1,040) (910) 835 Total other expense, net $ 1,958 $ 2,417 $ 8,829

Net Income per Common Share (Ta

Net Income per Common Share (Tables)	12 Months Ended
	Dec. 31, 2024
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) 2024 2023 2022 Net income attributable to Acushnet Holdings Corp. $ 214,298 $ 198,429 $ 199,278 Weighted average number of common shares: Basic 63,345,806 67,063,933 71,958,879 RSUs 224,058 311,992 354,960 PSUs 78,374 141,180 246,259 Diluted 63,648,238 67,517,105 72,560,098 Net income per common share attributable to Acushnet Holdings Corp.: Basic $ 3.38 $ 2.96 $ 2.77 Diluted $ 3.37 $ 2.94 $ 2.75
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, 2024 2023 2022 RSUs 161,217 66,590 107,497

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2024
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, 2024 (in thousands) Titleist Golf Equipment FootJoy Golf Wear Golf Gear Total Reportable Segments Other (1) Total Consolidated Net sales $ 1,507,817 $ 574,560 $ 232,141 $ 2,314,518 $ 142,573 $ 2,457,091 Segment expenses: Cost of goods sold 711,544 352,225 142,870 1,206,639 Advertising and promotion 170,604 50,016 13,259 233,879 Research and development 59,534 4,338 2,218 66,090 Selling, general and administrative 282,408 142,741 45,399 470,548 Other segment items (2) 9,801 221 2,594 12,616 Restructuring costs (Note 23) — — — — 18,549 Other expenses — — — — 144,508 Total operating income (loss) 273,926 25,019 25,801 324,746 (20,484) 304,262 Reconciling items: Interest expense, net (52,637) Non-service cost component of net periodic benefit cost (2,998) Other 1,040 Total income before income tax $ 249,667 _________________________________ (1) Amounts represent operating segments that do not meet the quantitative thresholds to be a reportable segment, as well as unallocated corporate expenses. These non-reportable segments include two premium performance apparel businesses. (2) Other segment items include identifiable intangible asset amortization expense. Information by reportable segment and a reconciliation to reported amounts are as follows: Year ended December 31, 2023 (in thousands) Titleist Golf Equipment FootJoy Golf Wear Golf Gear Total Reportable Segments Other (1) Total Consolidated Net sales $ 1,420,369 $ 590,039 $ 222,566 $ 2,232,974 $ 149,021 $ 2,381,995 Segment expenses: Cost of goods sold 679,226 373,326 143,849 1,196,401 Advertising and promotion 160,464 50,384 12,079 222,927 Research and development 57,118 4,063 1,835 63,016 Selling, general and administrative 262,558 144,234 42,902 449,694 Other segment items (2) 10,196 223 2,384 12,803 Restructuring costs — — — — 705 Other expenses — — — — 151,144 Total operating income (loss) 250,807 17,809 19,517 288,133 (2,828) 285,305 Reconciling items: Interest expense, net (41,288) Non-service cost component of net periodic benefit cost (3,327) Other 910 Total income before income tax $ 241,600 _________________________________ (1) Amounts represent operating segments that do not meet the quantitative thresholds to be a reportable segment, as well as unallocated corporate expenses. These non-reportable segments include two premium performance apparel businesses. (2) Other segment items include identifiable intangible asset amortization expense. Information by reportable segment and a reconciliation to reported amounts are as follows: Year ended December 31, 2022 (in thousands) Titleist Golf Equipment FootJoy Golf Wear Golf Gear Total Reportable Segments Other (1) Total Consolidated Net sales $ 1,288,417 $ 611,002 $ 211,895 $ 2,111,314 $ 159,022 $ 2,270,336 Segment expenses: Cost of goods sold 634,984 372,867 149,304 1,157,155 Advertising and promotion 143,647 48,255 11,171 203,073 Research and development 48,798 3,907 1,792 54,497 Selling, general and administrative 241,130 146,078 40,592 427,800 Other segment items (2) 6,194 224 72 6,490 Other expenses 139,788 Total operating income 213,664 39,671 8,964 262,299 19,234 281,533 Reconciling items: Interest expense, net (13,269) Non-service cost component of net periodic benefit cost (7,994) Other (835) Total income before income tax $ 259,435 _________________________________ (1) Amounts represent operating segments that do not meet the quantitative thresholds to be a reportable segment, as well as unallocated corporate expenses. These non-reportable segments include two premium performance apparel businesses. (2) Other segment items include identifiable intangible asset amortization expense.
Schedule of Depreciation and Amortization Expense by Reportable Segment	Other segment disclosures are as follows: Year ended December 31, (in thousands) 2024 2023 2022 Depreciation and amortization Titleist golf equipment $ 39,514 $ 36,549 $ 30,316 FootJoy golf wear 7,978 7,613 6,677 Golf gear 5,470 4,410 1,843 Share based compensation Titleist golf equipment $ 19,483 $ 18,417 $ 14,703 FootJoy golf wear 7,844 7,633 6,043 Golf gear 2,989 3,003 2,680
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) 2024 2023 2022 Net sales United States $ 1,446,785 $ 1,350,006 $ 1,227,801 EMEA (1) 320,901 314,655 321,545 Japan 133,979 149,425 161,027 Korea 290,979 301,815 312,655 Rest of World 264,447 266,094 247,308 Total net sales $ 2,457,091 $ 2,381,995 $ 2,270,336 ___________________________________ (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) 2024 2023 Long-lived assets United States $ 237,097 $ 213,827 EMEA 13,964 12,926 Japan 4,961 5,613 Korea 6,981 8,286 Rest of World (1) 62,744 54,691 Total long-lived assets $ 325,747 $ 295,343 ___________________________________ (1) Includes manufacturing facilities in Thailand with long-lived assets of $51.1 million and $43.7 million as of December 31, 2024 and 2023, respectively.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Purchase Obligations	The Company's purchase obligations as of December 31, 2024 were as follows: Payments Due by Period (in thousands) 2025 2026 2027 2028 2029 Thereafter Purchase obligations (1) $ 298,819 $ 32,009 $ 3,245 $ 2,487 $ 2,044 $ 5,198 ___________________________________ (1) The reported amounts exclude those liabilities included in accounts payable or accrued liabilities on the consolidated balance sheet as of December 31, 2024.

Restructuring Costs (Tables)

Restructuring Costs (Tables)	12 Months Ended
	Dec. 31, 2024
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	The activity related to these plans was as follows: Year ended (in thousands) December 31, 2024 Balance at beginning of period $ — Provision 18,000 Payments (5,569) Balance at end of year $ 12,431

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, 2024	Dec. 31, 2023	Dec. 31, 2022
Noncontrolling Interests and Redeemable Noncontrolling Interests
Redemption value adjustment	$ 1,000,000	$ (2,200,000)	$ 1,937,000
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	1,600,000	1,700,000
Internal Use Software and Cloud Computing Arrangements
Capitalized computer software, amortization	18,000,000	6,200,000
Capitalized contract cost, amortization expense	4,000,000	1,600,000	100,000
Change in Accounting Principle
Cost of goods sold	1,269,364,000	1,261,958,000	1,221,647,000
Effect of change
Change in Accounting Principle
Cost of goods sold	135,300,000	132,474,000	130,544,000
Selling, general and administrative
Advertising and Promotion
Advertising and promotional expense	242,300,000	231,400,000	211,900,000
Foreign currency translation and transactions
Transaction gain (loss) included in selling, general and administrative expense	$ (2,000,000)	(4,000,000)	(11,900,000)
Minimum
Product Warranty
Product warranty duration	1 year
Minimum | Computer software
Internal Use Software and Cloud Computing Arrangements
Property, plant and equipment, useful life	3 years
Minimum | Capitalized internal-use software costs
Internal Use Software and Cloud Computing Arrangements
Property, plant and equipment, useful life	1 year
Maximum
Product Warranty
Product warranty duration	2 years
Maximum | Computer software
Internal Use Software and Cloud Computing Arrangements
Property, plant and equipment, useful life	10 years
Maximum | Capitalized internal-use software costs
Internal Use Software and Cloud Computing Arrangements
Property, plant and equipment, useful life	6 years
Deposits
Concentration of Credit Risk
Concentration risk, amount in banks located outside the United States	$ 48,900,000	62,000,000
Accounts payable
Cash, Cash Equivalents and Restricted Cash
Book overdrafts	3,800,000	4,200,000
Prepaid and other assets
Internal Use Software and Cloud Computing Arrangements
Capitalized computer software, amortization	4,100,000	1,800,000
Other Assets
Internal Use Software and Cloud Computing Arrangements
Capitalized computer software, amortization	13,900,000	4,400,000
Retained earnings
Noncontrolling Interests and Redeemable Noncontrolling Interests
Redemption value adjustment	$ 1,000,000	(2,200,000)	$ 1,937,000
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, 2024
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

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Change in Accounting Principle (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of goods sold	$ 1,269,364	$ 1,261,958	$ 1,221,647
Gross profit	1,187,727	1,120,037	1,048,689
Selling, general and administrative	801,600	755,671	702,878
As reported
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of goods sold		1,129,484	1,091,103
Gross profit		1,252,511	1,179,233
Selling, general and administrative		888,145	833,422
Effect of change
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cost of goods sold	$ 135,300	132,474	130,544
Gross profit		(132,474)	(130,544)
Selling, general and administrative		$ (132,474)	$ (130,544)

Revenue (Details)

Revenue (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Refund liability for expected returns	$ 12.3	$ 14.7
Inventory expected to be recovered related to sales returns	$ 6.3	$ 7.2
Period over which revenue is generally recognized for customer sales incentives (within)	1 year
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, 2024 USD ($) option	Dec. 31, 2023 USD ($)	Dec. 31, 2022 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	$ 600	$ 475	$ 335
Finance lease costs, Interest on lease liabilities	108	86	60
Short-term and low value lease cost	904	1,472	623
Variable lease cost	3,056	2,486	2,827
Total lease cost	29,374	27,845	20,309
Cost of goods sold
Lessee, Lease, Description [Line Items]
Operating lease costs	2,497	2,450	2,364
Selling, general and administrative
Lessee, Lease, Description [Line Items]
Operating lease costs	21,043	19,777	13,337
Research and development
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 1,166	$ 1,099	$ 763

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Right-of-use assets
Finance, right-of-use assets	$ 1,861	$ 2,031
Operating lease, right-of-use assets	75,655	88,820
Total lease assets	77,516	90,851
Lease liabilities
Finance, lease liabilities current	599	527
Operating, lease liabilities current	19,513	19,045
Finance, lease liabilities noncurrent	1,262	1,505
Operating, lease liabilities noncurrent	60,168	73,348
Total lease liabilities	$ 81,542	$ 94,425
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, plant and equipment, net ($8,135 and $9,044 attributable to the VIE)	Property, plant and equipment, net ($8,135 and $9,044 attributable to the VIE)
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets ($1,884 and $1,972 attributable to the VIE)	Other assets ($1,884 and $1,972 attributable to the VIE)
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued expenses and other liabilities ($13,893 and $1,687 attributable to the VIE)	Accrued expenses and other liabilities ($13,893 and $1,687 attributable to the VIE)
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued expenses and other liabilities ($13,893 and $1,687 attributable to the VIE)	Accrued expenses and other liabilities ($13,893 and $1,687 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	Other noncurrent liabilities

Leases - Weighted Average Remai

Leases - Weighted Average Remaining Lease Term and Weighted Average Discount Rate (Details)	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Weighted average remaining lease term (years):
Operating	5 years 7 months 6 days	6 years 2 months 12 days	4 years 10 months 24 days
Finance	3 years 7 months 6 days	4 years 3 months 18 days	4 years 6 months
Weighted average discount rate:
Operating	4.58%	4.01%	2.72%
Finance	5.13%	4.52%	4.23%

Leases - Reconciliation of Leas

Leases - Reconciliation of Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Operating Leases
2025	$ 22,915
2026	18,007
2027	16,003
2028	12,334
2029	7,436
Thereafter	24,047
Total future lease payments	100,742
Less: Interest	(21,061)
Total lease liabilities	79,681
Accrued expenses and other liabilities	19,513	$ 19,045
Long-term debt	0
Other noncurrent liabilities	60,168	73,348
Finance Leases
2025	680
2026	553
2027	454
2028	251
2029	104
Thereafter	4
Total future lease payments	2,046
Less: Interest	(185)
Present value of lease liabilities	1,861
Accrued expenses and other liabilities	599	527
Long-term debt	1,262	1,505
Other noncurrent liabilities	0
Total
2025	23,595
2026	18,560
2027	16,457
2028	12,585
2029	7,540
Thereafter	24,051
Total future lease payments	102,788
Less: Interest	(21,246)
Total lease liabilities	81,542	$ 94,425
Accrued expenses and other liabilities	20,112
Long-term debt	1,262
Other noncurrent liabilities	$ 60,168

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows for operating leases	$ 24,143	$ 21,623	$ 16,333
Operating cash flows for finance leases	108	86	60
Financing cash flows for finance leases	$ 603	$ 478	$ 334

Allowance for Credit Losses (De

Allowance for Credit Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance at beginning of year	$ 8,840	$ 8,258	$ 5,980
Provision for expected credit losses	(807)	1,120	3,199
Amount of receivables written off	(618)	(689)	(704)
Foreign currency translation	(177)	151	(217)
Balance at end of year	$ 7,238	$ 8,840	$ 8,258

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials and supplies	$ 137,150	$ 157,455
Work-in-process	33,549	24,949
Finished goods	405,265	433,131
Inventories	$ 575,964	$ 615,535

Property, Plant and Equipment_3

Property, Plant and Equipment, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment, Net
Property, plant and equipment, gross	$ 715,176	$ 651,138
Accumulated depreciation and amortization	(389,429)	(355,795)
Property, plant and equipment, net	325,747	295,343
Software development cost capitalized
Software development cost capitalized	1,700	3,900	$ 7,200
Depreciation and amortization
Amortization expense, capitalized software and development	10,900	9,600	9,000
Total depreciation and amortization expense	55,888	51,356	41,706
Property, plant and equipment
Depreciation and amortization
Total depreciation and amortization expense	41,900	37,200	33,800
Land
Property, Plant and Equipment, Net
Property, plant and equipment, gross	14,273	14,329
Buildings and improvements
Property, Plant and Equipment, Net
Property, plant and equipment, gross	223,737	194,585
Machinery and equipment
Property, Plant and Equipment, Net
Property, plant and equipment, gross	272,911	242,007
Furniture, computers and equipment
Property, Plant and Equipment, Net
Property, plant and equipment, gross	62,032	56,032
Computer software
Property, Plant and Equipment, Net
Property, plant and equipment, gross	90,583	90,264
Construction in progress
Property, Plant and Equipment, Net
Property, plant and equipment, gross	51,640	53,921
Software development cost capitalized
Software development cost capitalized		300	1,100
Software placed into service
Software development cost capitalized
Software development cost capitalized	$ 1,700	$ 3,600	$ 6,100

Other Business Developments (De

Other Business Developments (Details) - USD ($) $ in Thousands	Nov. 04, 2022	Apr. 01, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Contingent consideration (Note 8)			$ 342	$ 0	$ 1,400
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 consideration (Note 8)		$ 1,400	$ 1,700	$ 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, 2024	Dec. 31, 2023
Net carrying value of goodwill
Balances at beginning of year	$ 225,302	$ 224,814
Additions		749
Foreign currency translation	(5,166)	(261)
Balances at end of year	220,136	225,302
Operating segments | Titleist golf equipment
Net carrying value of goodwill
Balances at beginning of year	198,065	198,092
Additions		235
Foreign currency translation	(4,506)	(262)
Balances at end of year	193,559	198,065
Operating segments | FootJoy Golf Wear
Net carrying value of goodwill
Balances at beginning of year	3,531	3,535
Additions		0
Foreign currency translation	(66)	(4)
Balances at end of year	3,465	3,531
Operating segments | Golf Gear
Net carrying value of goodwill
Balances at beginning of year	13,418	13,439
Additions		0
Foreign currency translation	(358)	(21)
Balances at end of year	13,060	13,418
Other
Net carrying value of goodwill
Balances at beginning of year	10,288	9,748
Additions		514
Foreign currency translation	(236)	26
Balances at end of year	$ 10,052	$ 10,288

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, 2024	Dec. 31, 2023	Dec. 31, 2022
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				0	25,235,000	65,000,000
Intangible amortization				14,024,000	14,222,000	7,885,000
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 ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Accumulated Amortization	$ (139,261)	$ (125,885)
Total	94,080
Intangible assets, Gross	662,392	663,292
Total intangible assets	523,131	537,407
Trademarks
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Finite lived intangible assets, Gross	96,512	96,512
Accumulated Amortization	(15,346)	(8,836)
Total	81,166	87,676
Completed technology
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Finite lived intangible assets, Gross	76,943	76,943
Accumulated Amortization	(72,223)	(66,939)
Total	4,720	10,004
Customer relationships
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Finite lived intangible assets, Gross	27,403	28,146
Accumulated Amortization	(19,209)	(17,491)
Total	8,194	10,655
Licensing fees and other
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Finite lived intangible assets, Gross	32,483	32,640
Accumulated Amortization	(32,483)	(32,619)
Total	0	21
Trademarks
Finite Lived And Indefinite Lived Intangible Assets By Major Class [Line Items]
Indefinite lived intangible assets	$ 429,051	$ 429,051

Goodwill and Identifiable Int_6

Goodwill and Identifiable Intangible Assets, Net - Class of identifiable intangible assets (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Amortization expense related to intangible assets
2025	$ 11,866
2026	8,397
2027	7,584
2028	6,957
2029	6,941
Thereafter	52,335
Total	$ 94,080

Product Warranty (Details)

Product Warranty (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Activity for accrued warranty expense
Balance at beginning of year	$ 4,997	$ 3,951	$ 4,177
Provision	6,588	6,995	4,911
Claims paid/costs incurred	(6,432)	(5,966)	(4,986)
Foreign currency translation	(173)	17	(151)
Balance at end of year	$ 4,980	$ 4,997	$ 3,951

Debt and Financing Arrangemen_3

Debt and Financing Arrangements - Schedule of debt and financing arrangements (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt and financing arrangements
Senior unsecured notes	$ 757,510
Other short-term borrowings	10,160	$ 28,997
Other long-term borrowings	2,810	1,557
Finance lease obligations	1,262	1,505
Debt issuance costs	(4,969)	(6,067)
Total	763,963	701,167
Less: short-term debt and current portion of long-term debt	10,882	29,348
Total long-term debt and finance lease obligations	753,081	671,819
Debt issuance costs	4,969	6,067
Senior unsecured notes | Senior Notes
Debt and financing arrangements
Senior unsecured notes	350,000	350,000
Multi-currency revolving credit facility
Debt and financing arrangements
Multi-currency revolving credit facility	$ 404,700	$ 325,175

Debt and Financing Arrangemen_4

Debt and Financing Arrangements - Second Amended Credit Facility (Details)			12 Months Ended
	Jun. 28, 2024	Aug. 02, 2022 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Oct. 03, 2023	Aug. 02, 2022 CAD ($)	Aug. 02, 2022 GBP (£)	Aug. 01, 2022 USD ($)
Line of Credit Facility [Line Items]
Debt issuance costs				$ 4,969,000	$ 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
Multi-currency revolving credit facility									$ 72,600,000
Interest expense, debt			$ 1,300,000
Weighted average interest rate				5.51%	6.57%
Remaining borrowing capacity				$ 542,400,000
Outstanding letters of credit				$ 2,900,000
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
Revolving Credit Facility | Acushnet Europe
Line of Credit Facility [Line Items]
Maximum borrowing capacity | £								£ 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
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 | 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 | Canadian Overnight Repo Rate Average | Minimum
Line of Credit Facility [Line Items]
Variable rate	0.29547%
Line of Credit | Canadian Overnight Repo Rate Average | Maximum
Line of Credit Facility [Line Items]
Variable rate	0.32138%
Line of Credit | Adjusted Term Canadian Overnight Repo Rate Average | Minimum
Line of Credit Facility [Line Items]
Variable rate	1%
Line of Credit | Adjusted Term Canadian Overnight Repo Rate Average | 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
Swing line
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 75,000,000
Swing line | Federal funds rate
Line of Credit Facility [Line Items]
Variable rate		0.50%
Alternative Currency Sublimit
Line of Credit Facility [Line Items]
Maximum borrowing capacity		$ 200,000,000

Debt and Financing Arrangemen_5

Debt and Financing Arrangements - Senior Unsecured Notes (Details) - USD ($) $ in Thousands		12 Months Ended
	Oct. 03, 2023	Dec. 31, 2024	Dec. 31, 2023	Aug. 02, 2022	Aug. 01, 2022
Line of Credit Facility [Line Items]
Debt issuance costs		$ 4,969	$ 6,067
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
Effective interest rate	7.813%
Accrued interest		5,600	6,500
Redemption Price	101%
Debt instrument, make-whole premium, percentage	0.010
Senior Unsecured Notes Due 2028 | Unsecured Facilities | Level 2
Line of Credit Facility [Line Items]
Fair value of notes		$ 362,100	$ 365,100
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_6

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_7

Debt and Financing Arrangements - Other Short-Term Borrowings (Details) - Unsecured Facilities - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Short-term Debt [Line Items]
Weighted average interest rate	0.61%	0.45%
Remaining borrowing capacity	$ 47.5

Debt and Financing Arrangemen_8

Debt and Financing Arrangements - Letters of Credit (Details) - Letters of Credit - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
Line of Credit Facility [Line Items]
Outstanding balance	$ 5.7	$ 11.3
Line of credit secured	2.9	$ 8.1
Maximum borrowing capacity	$ 57.9

Debt and Financing Arrangemen_9

Debt and Financing Arrangements - Payments of Debt Obligations due by Period (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Payments of Debt Obligations due by Period
2025	$ 722
2026	665
2027	405,362
2028	350,662
2029	99
Total	$ 757,510

Derivative Financial Instrume_3

Derivative Financial Instruments - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Foreign exchange forward
Derivatives, Fair Value [Line Items]
Expected reclassification of gain recorded in accumulated other comprehensive loss into cost of goods sold during next twelve months	$ 6,700,000
Foreign exchange forward | Derivative designated as hedging
Derivatives, Fair Value [Line Items]
Notional amount	192,200,000	$ 209,600,000
Foreign exchange forward | Derivative not designated as hedging
Derivatives, Fair Value [Line Items]
Notional amount	$ 0	0
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 recorded in accumulated other comprehensive loss into cost of goods sold during next twelve months	$ 100,000
Interest rate swap | Derivative designated as hedging
Derivatives, Fair Value [Line Items]
Notional amount	$ 100,000,000	$ 100,000,000

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, 2024	Dec. 31, 2023
Prepaid and other assets | Foreign exchange forward
Derivative Instruments, Gain (Loss) [Line Items]
Asset derivatives	$ 8,135	$ 4,378
Prepaid and other assets | Interest rate swap
Derivative Instruments, Gain (Loss) [Line Items]
Asset derivatives	4	452
Accrued expenses and other liabilities | Foreign exchange forward
Derivative Instruments, Gain (Loss) [Line Items]
Liability derivatives	251	1,931
Accrued expenses and other liabilities | Interest rate swap
Derivative Instruments, Gain (Loss) [Line Items]
Liability derivatives	1	63
Other noncurrent liabilities | Interest rate swap
Derivative Instruments, Gain (Loss) [Line Items]
Liability derivatives	$ 0	$ 88

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, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized holding gains arising during period	$ 12,693	$ 5,871	$ 10,856
Cash flow hedge | Derivative designated as hedging
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized holding gains arising during period	12,693	5,871	10,856
Foreign exchange forward | Cash flow hedge | Derivative designated as hedging
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized holding gains arising during period	12,118	4,880	10,856
Interest rate swap | Cash flow hedge | Derivative designated as hedging
Derivative Instruments, Gain (Loss) [Line Items]
Unrealized holding gains arising during period	$ 575	$ 991	$ 0

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, 2024	Dec. 31, 2023	Dec. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on unaudited condensed consolidated statements of operations	$ 872	$ 690	$ 0
Foreign exchange forward | Derivative designated as hedging
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) recognized on unaudited condensed consolidated statements of operations	13,732	7,647	12,831
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	$ 11,414	$ 6,982	$ 9,840
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	$ 2,318	$ 665	$ 2,991
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	$ 872	$ 690	$ 0
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, 2024	Dec. 31, 2023
Level 1
Assets
Rabbi trust	$ 3,150	$ 4,334
Deferred compensation program assets	633	725
Total assets	3,783	5,059
Liabilities
Deferred compensation program liabilities	633	725
Total liabilities	633	725
Level 1 | Foreign exchange derivative instruments
Assets
Foreign exchange derivative instruments	0	0
Liabilities
Derivative instruments, current	0	0
Level 1 | Interest rate derivative instruments
Assets
Interest rate derivative instruments	0	0
Liabilities
Derivative instruments, current	0	0
Derivative instruments, noncurrent		0
Level 2
Assets
Rabbi trust	0	0
Deferred compensation program assets	0	0
Total assets	8,139	4,830
Liabilities
Deferred compensation program liabilities	0	0
Total liabilities	252	2,082
Level 2 | Foreign exchange derivative instruments
Assets
Foreign exchange derivative instruments	8,135	4,378
Liabilities
Derivative instruments, current	251	1,931
Level 2 | Interest rate derivative instruments
Assets
Interest rate derivative instruments	4	452
Liabilities
Derivative instruments, current	1	63
Derivative instruments, noncurrent		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
Total liabilities	0	0
Level 3 | Foreign exchange derivative instruments
Assets
Foreign exchange derivative instruments	0	0
Liabilities
Derivative instruments, current	0	0
Level 3 | Interest rate derivative instruments
Assets
Interest rate derivative instruments	0	0
Liabilities
Derivative instruments, current	$ 0	0
Derivative instruments, noncurrent		$ 0

Pension and Other Postretirem_3

Pension and Other Postretirement Benefits - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) plan	Dec. 31, 2023 USD ($) plan
Pension Benefits (Underfunded)
Pension and Other Postretirement Benefits
Actuarial (loss) gain, attributable to change in discount rates	$ 7.4	$ (2.7)
Actuarial (loss) gain, attributable to change in lump sum interest rates	(4.1)	5.9
Actuarial gain (loss), attributable to higher salary increases than expected and lump sums paid	(2.5)	(1.2)
Pension Benefits (Overfunded)
Pension and Other Postretirement Benefits
Actuarial (loss) gain, attributable to change in discount rates	$ 1.9	$ (0.4)
Number of defined benefit plans | plan	1	1
Actuarial (loss) gain, attributable to census data updates		$ (0.1)
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	$ 0.6	(0.2)
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	$ (0.3)	$ (0.1)
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, 2024	Dec. 31, 2023	Dec. 31, 2022
Pension Benefits
Change in projected benefit obligation ("PBO")
Service cost	$ 5,321	$ 5,679	$ 7,844
Interest cost	10,714	11,316	8,855
Change in plan assets
Fair value of plan assets at beginning of year	180,773
Fair value of plan assets at end of year	163,136	180,773
Postretirement Benefits
Change in projected benefit obligation ("PBO")
Projected benefit obligation at beginning of year	11,428	14,264
Service cost	333	429	563
Interest cost	519	662	353
Actuarial gain	(208)	(2,403)
Curtailments	0
Settlements	0	0
Participants’ contributions	745	762
Benefit payments	(1,519)	(2,286)
Foreign currency translation	0	0
Projected benefit obligation at end of year	11,298	11,428	14,264
Accumulated benefit obligation at end of year	11,298	11,428
Change in plan assets
Fair value of plan assets at beginning of year	0	0
Return on plan assets	0	0
Employer contributions	774	1,524
Participants’ contributions	745	762
Settlements	0	0
Benefit payments	(1,519)	(2,286)
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)	(11,298)	(11,428)
Pension Benefits (Underfunded) | Pension Benefits
Change in projected benefit obligation ("PBO")
Projected benefit obligation at beginning of year	219,642	216,810
Service cost	5,321	5,679
Interest cost	9,761	10,354
Actuarial gain	(946)	(1,438)
Curtailments	(176)
Settlements	(16,046)	(7,142)
Participants’ contributions	0	0
Benefit payments	(4,404)	(4,333)
Foreign currency translation	(1,168)	(288)
Projected benefit obligation at end of year	211,984	219,642	216,810
Accumulated benefit obligation at end of year	195,080	201,856
Change in plan assets
Fair value of plan assets at beginning of year	154,216	150,229
Return on plan assets	(3,533)	11,493
Employer contributions	10,183	4,048
Participants’ contributions	0	0
Settlements	(16,046)	(7,142)
Benefit payments	(4,404)	(4,333)
Foreign currency translation	(128)	(79)
Fair value of plan assets at end of year	140,288	154,216	150,229
Funded status (fair value of plan assets less PBO)	(71,696)	(65,426)
Pension Benefits (Overfunded) | Pension Benefits
Change in projected benefit obligation ("PBO")
Projected benefit obligation at beginning of year	20,559	19,208
Service cost	0	0
Interest cost	953	962
Actuarial gain	(1,678)	274
Curtailments	0
Settlements	0	0
Participants’ contributions	0	0
Benefit payments	(986)	(987)
Foreign currency translation	(293)	1,102
Projected benefit obligation at end of year	18,555	20,559	19,208
Accumulated benefit obligation at end of year	18,308	20,325
Change in plan assets
Fair value of plan assets at beginning of year	26,557	26,181
Return on plan assets	(2,367)	(104)
Employer contributions	0	0
Participants’ contributions	0	0
Settlements	0	0
Benefit payments	(986)	(987)
Foreign currency translation	(356)	1,467
Fair value of plan assets at end of year	22,848	26,557	$ 26,181
Funded status (fair value of plan assets less PBO)	$ 4,293	$ 5,998

Pension and Other Postretirem_5

Pension and Other Postretirement Benefits - Recognized on Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Assets and liabilities recognized on consolidated balance sheets:
Accrued pension and other postretirement benefits	$ (74,410)	$ (69,634)
Pension Benefits
Assets and liabilities recognized on consolidated balance sheets:
Other assets	4,293	5,998
Accrued compensation and benefits	(7,596)	(6,295)
Accrued pension and other postretirement benefits	(64,100)	(59,131)
Net liability recognized	(67,403)	(59,428)
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	(23,944)	(28,208)	$ (52,739)
Actuarial (loss) gain	(10,625)	4,695	16,455
Curtailment impact	128	0	0
Settlement impact	104	(39)	2,733
Amortization of actuarial loss (gain)	234	94	3,952
Amortization of prior service cost (credit)	95	182	270
Foreign currency translation	160	(668)	1,121
Net actuarial (loss) gain at end of year	(33,848)	(23,944)	(28,208)
Postretirement Benefits
Assets and liabilities recognized on consolidated balance sheets:
Other assets	0	0
Accrued compensation and benefits	(988)	(925)
Accrued pension and other postretirement benefits	(10,310)	(10,503)
Net liability recognized	(11,298)	(11,428)
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	8,656	7,283	6,362
Actuarial (loss) gain	208	2,403	1,527
Curtailment impact	0	0	0
Settlement impact	0	0	0
Amortization of actuarial loss (gain)	(1,134)	(893)	(469)
Amortization of prior service cost (credit)	(137)	(137)	(137)
Foreign currency translation	0	0	0
Net actuarial (loss) gain at end of year	$ 7,593	$ 8,656	$ 7,283

Pension and Other Postretirem_6

Pension and Other Postretirement Benefits - Periodic Benefit Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pension Benefits
Components of net periodic benefit cost (credit)
Service cost	$ 5,321	$ 5,679	$ 7,844
Interest cost	10,714	11,316	8,855
Expected return on plan assets	(7,349)	(7,858)	(7,563)
Curtailment income	(48)	0	0
Settlements	104	(39)	2,733
Amortization of net loss (gain)	234	94	3,952
Amortization of prior service cost (credit)	95	182	270
Net periodic benefit cost (credit)	9,071	9,374	16,091
Postretirement Benefits
Components of net periodic benefit cost (credit)
Service cost	333	429	563
Interest cost	519	662	353
Expected return on plan assets	0	0	0
Curtailment income	0	0	0
Settlements	0	0	0
Amortization of net loss (gain)	(1,134)	(893)	(469)
Amortization of prior service cost (credit)	(137)	(137)	(137)
Net periodic benefit cost (credit)	$ (419)	$ 61	$ 310

Pension and Other Postretirem_7

Pension and Other Postretirement Benefits - Weighted Average Assumptions (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Weighted average assumptions used to determine net cost for years ended December 31
Expected long-term rate of return on plan assets	4.52%
Pension Benefits
Weighted average assumptions used to determine benefit obligations at December 31
Discount rate	5.57%	4.93%
Rate of compensation increase	3.81%	3.80%
Weighted average assumptions used to determine net cost for years ended December 31
Discount rate	4.93%	5.16%	2.93%
Expected long-term rate of return on plan assets	3.75%	3.91%	3.44%
Rate of compensation increase	3.80%	3.81%	3.81%
Postretirement Benefits
Weighted average assumptions used to determine benefit obligations at December 31
Discount rate	5.54%	4.92%
Weighted average assumptions used to determine net cost for years ended December 31
Discount rate	4.92%	5.10%	2.71%

Pension and Other Postretirem_8

Pension and Other Postretirement Benefits - Healthcare Cost Trend Rates (Details) - Postretirement Benefits Medical and Prescription Drug	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
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%	7%	6.75%
Maximum
Assumed healthcare cost trend rates used to determine benefit obligations and net cost:
Healthcare cost trend rate assumed for next year	11.75%	8.50%	8%

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, 2024	Dec. 31, 2023
Pension and Other Postretirement Benefits
Fair value of plan assets	$ 163,136	$ 180,773
Fixed income securities
Pension and Other Postretirement Benefits
Fair value of plan assets	23,482	27,347
Level 1
Pension and Other Postretirement Benefits
Fair value of plan assets	359	397
Level 2
Pension and Other Postretirement Benefits
Fair value of plan assets	23,123	26,950
Level 3
Pension and Other Postretirement Benefits
Fair value of plan assets	0	0
Cash | Fixed income securities
Pension and Other Postretirement Benefits
Fair value of plan assets	359	397
Cash | Level 1
Pension and Other Postretirement Benefits
Fair value of plan assets	359	397
Cash | Level 2
Pension and Other Postretirement Benefits
Fair value of plan assets	0	0
Cash | Level 3
Pension and Other Postretirement Benefits
Fair value of plan assets	0	0
Fixed income securities | Fixed income securities
Pension and Other Postretirement Benefits
Fair value of plan assets	23,123	26,950
Fixed income securities | Level 1
Pension and Other Postretirement Benefits
Fair value of plan assets	0	0
Fixed income securities | Level 2
Pension and Other Postretirement Benefits
Fair value of plan assets	23,123	26,950
Fixed income securities | Level 3
Pension and Other Postretirement Benefits
Fair value of plan assets		0
Commingled funds | Measured at net asset value
Pension and Other Postretirement Benefits
Fair value of plan assets	$ 139,654	$ 153,426

Pension and Other Postretire_10

Pension and Other Postretirement Benefits - U.S. Defined Benefit Plan (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Pension and Other Postretirement Benefits
Future expected blended long-term rate of return on plan assets (as a percent)	4.52%
United States | Return-seeking investment
Pension and Other Postretirement Benefits
Asset allocation (as a percent)	19%
United States | Liability-hedging investment
Pension and Other Postretirement Benefits
Asset allocation (as a percent)	81%
Minimum | United States | Return-seeking investment
Pension and Other Postretirement Benefits
Asset allocation (as a percent)		32%
Minimum | United States | Liability-hedging investment
Pension and Other Postretirement Benefits
Asset allocation (as a percent)		59%
Maximum | United States | Return-seeking investment
Pension and Other Postretirement Benefits
Asset allocation (as a percent)		41%
Maximum | United States | Liability-hedging investment
Pension and Other Postretirement Benefits
Asset allocation (as a percent)		68%

Pension and Other Postretire_11

Pension and Other Postretirement Benefits - Estimated Contributions and Estimated Future Retirement Benefit Payments (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Pension Benefits
Pension and Other Postretirement Benefits
Estimated contribution	$ 12,700
Estimated Future Retirement Benefit Payments, Year ending December 31,
2025	33,193
2026	25,857
2027	25,676
2028	24,606
2029	22,740
Thereafter	102,585
Total	234,657
Postretirement Benefits
Estimated Future Retirement Benefit Payments, Year ending December 31,
2025	990
2026	1,006
2027	1,102
2028	1,125
2029	1,106
Thereafter	5,741
Total	$ 11,070

Pension and Other Postretire_12

Pension and Other Postretirement Benefits - International Plans (Details) - Pension Benefits - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pension and Other Postretirement Benefits
Fair value of plan assets	$ 163,136	$ 180,773
International Plans
Pension and Other Postretirement Benefits
Total projected benefit obligations	35,300	37,900
Fair value of plan assets	24,000	28,000
Pension expense	$ 3,000	$ 2,800	$ 3,300

Pension and Other Postretire_13

Pension and Other Postretirement Benefits - Defined Contribution Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Retirement Benefits [Abstract]
Cash contributions	$ 22.5	$ 21.3	$ 20

Income Taxes - Components of In

Income Taxes - Components of Income Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Components of income before income taxes:
Domestic operations	$ 185,426	$ 158,999	$ 130,568
Foreign operations	64,241	82,601	128,867
Income before income taxes	$ 249,667	$ 241,600	$ 259,435

Income Taxes - Income Tax Expen

Income Taxes - Income Tax Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Current expense
United States	$ 18,186	$ 9,704	$ 2,755
Foreign	28,724	17,876	42,536
Current income tax expense	46,910	27,580	45,291
Deferred expense (benefit)
United States	(907)	6,626	10,122
Foreign	1,822	8,787	(1,062)
Deferred income tax expense	915	15,413	9,060
Total income tax expense	$ 47,825	$ 42,993	$ 54,351

Income Taxes - Reconciliation (

Income Taxes - Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income tax expense computed at federal statutory income tax rate	$ 52,430	$ 50,736	$ 54,481
Foreign taxes, net of credits	(14,433)	(11,859)	(6,063)
Net adjustments for uncertain tax positions	1,943	1,010	768
State and local taxes	5,341	6,160	3,430
Nondeductible expenses	2,258	2,250	1,413
Valuation allowance	6,763	(110)	4,079
Tax credits	(6,486)	(5,214)	(3,418)
Miscellaneous other, net	9	20	(339)
Total income tax expense	$ 47,825	$ 42,993	$ 54,351
Effective income tax rate	19.20%	17.80%	20.90%

Income Taxes - Net Deferred Tax

Income Taxes - Net Deferred Tax Assets (Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets
Compensation and benefits	$ 13,683	$ 17,867
Share-based compensation	8,354	9,890
Pension and other postretirement benefits	13,659	11,892
Inventories	19,170	22,258
R&D capitalization	60,261	48,949
Lease liability	21,288	25,161
Transaction costs	562	807
Nondeductible accruals and reserves	13,033	12,805
Miscellaneous	1,034	1,126
Net operating loss and other tax carryforwards	52,770	40,371
Gross deferred tax assets	203,814	191,126
Valuation allowance	(40,762)	(33,999)	$ (34,109)	$ (30,030)
Total deferred tax assets	163,052	157,127
Deferred tax liabilities
Property, plant and equipment	(6,986)	(6,413)
Identifiable intangible assets	(94,563)	(87,616)
Right-of-use assets	(19,904)	(23,817)
Tax on unremitted earnings	(11,328)	(10,674)
Foreign exchange derivative instruments	(2,416)	(2,723)
Miscellaneous	(1,656)	(1,510)
Total deferred tax liabilities	(136,853)	(132,753)
Net deferred tax asset	$ 26,199	$ 24,374

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease in valuation allowance	$ 6,763	$ (110)	$ 4,079
Unrecognized tax benefits	12,587	10,782	9,538	$ 8,658
Unrecognized tax benefits, income tax penalties and interest accrued	200	200	200
Unrecognized tax expense (benefit), income tax penalties and interest expense	200	200	$ 0
State
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net operating loss carryforwards	53,600	50,600
State | Research Tax Credit Carryforward
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Tax credit carryforwards	9,800	9,000
Foreign
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net operating loss carryforwards	32,600	9,900
Tax credit carryforwards	27,700	27,700
Domestic | General Business Tax Credit Carryforward
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Tax credit carryforwards	$ 6,200	$ 11,100

Income Taxes - Changes in Valua

Income Taxes - Changes in Valuation Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Changes in valuation allowance for deferred tax assets:
Valuation allowance at beginning of year	$ 33,999	$ 34,109	$ 30,030
Increases (decreases) recorded to income tax provision	6,763	(110)	4,079
Valuation allowance at end of year	$ 40,762	$ 33,999	$ 34,109

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefit (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of activity related to unrecognized tax benefits, excluding interest and penalties:
Unrecognized tax benefits at beginning of year	$ 10,782	$ 9,538	$ 8,658
Gross additions - prior year tax positions	0	191	0
Gross additions - current year tax positions	1,965	1,229	1,054
Gross reductions - prior year tax positions	(160)	(176)	(174)
Unrecognized tax benefits at end of year	$ 12,587	$ 10,782	$ 9,538

Common Stock - Narrative (Detai

Common Stock - Narrative (Details)					2 Months Ended	3 Months Ended												12 Months Ended
	Jul. 10, 2024 USD ($) shares	Nov. 03, 2023 USD ($) shares	Jan. 23, 2023 USD ($) shares	Jan. 13, 2023 USD ($) shares	Feb. 27, 2025 $ / shares	Dec. 31, 2024 USD ($) $ / shares shares	Sep. 30, 2024 $ / shares	Jun. 30, 2024 $ / shares	Mar. 31, 2024 $ / shares	Dec. 31, 2023 $ / shares shares	Sep. 30, 2023 $ / shares	Jun. 30, 2023 $ / shares	Mar. 31, 2023 $ / shares	Dec. 31, 2022 USD ($) $ / shares shares	Sep. 30, 2022 $ / shares	Jun. 30, 2022 $ / shares	Mar. 31, 2022 $ / shares	Dec. 31, 2024 USD ($) vote $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Feb. 13, 2025 USD ($)	Dec. 17, 2024 USD ($)	Jun. 14, 2024 USD ($)	Mar. 14, 2024 USD ($)	Jun. 09, 2023 USD ($)	Aug. 30, 2022 USD ($)	Jun. 16, 2022 USD ($)	Nov. 08, 2021 USD ($)
Dividends Payable [Line Items]
Common stock, shares authorized (in shares) | shares						500,000,000				500,000,000								500,000,000	500,000,000
Common stock, par value (in dollars per share) | $ / shares						$ 0.001				$ 0.001								$ 0.001	$ 0.001
Number of votes entitled | vote																		1
Dividends per common share (in dollars per share) | $ / shares						$ 0.215	$ 0.215	$ 0.215	$ 0.215	$ 0.195	$ 0.195	$ 0.195	$ 0.195	$ 0.180	$ 0.180	$ 0.180	$ 0.180	$ 0.860	$ 0.780	$ 0.720
Issued and outstanding common stock authorized to repurchase						$ 1,000,000,000												$ 1,000,000,000
Shares repurchased (in shares) | shares																		2,658,180	6,486,405	4,114,863
Purchases of common stock																		$ 172,799,000	$ 332,439,000	$ 190,759,000
Accrued share repurchase (in shares) | shares						935,907												935,907
Amount remaining under current authorizations						$ 202,200,000												$ 202,200,000
Subsequent Event
Dividends Payable [Line Items]
Dividends per common share (in dollars per share) | $ / shares					$ 0.235
Issued and outstanding common stock authorized to repurchase																					$ 1,250,000,000
Stock repurchase program, additional authorized amount																					$ 250,000,000
Common Stock
Dividends Payable [Line Items]
Purchases of common stock																		$ 173,900,000	$ 626,100,000
Treasury share retirement (in shares) | shares																		2,658,180	13,377,991
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
Shares repurchased (in shares) | shares		1,824,994	2,168,528															587,520	3,993,522	699,819
Purchases of common stock	$ 37,500,000	$ 100,000,000	$ 100,000,000															$ 37,498,000	$ 200,002,000	$ 37,501,000
Share repurchase liability						$ 62,500,000								$ 92,600,000				$ 62,500,000		$ 92,600,000
Accrued share repurchase (in shares) | shares	587,520					935,907								2,000,839				935,907		2,000,839
Stock repurchase program, authorized amount, maximum amount to be purchased in open market						$ 125,000,000												$ 125,000,000				$ 62,500,000	$ 62,500,000	$ 37,500,000	$ 100,000,000
Open Market
Dividends Payable [Line Items]
Stock repurchase program, authorized amount						$ 100,000,000												$ 100,000,000
Shares repurchased (in shares) | shares				167,689														2,070,660	2,492,883	3,415,044
Purchases of common stock				$ 7,400,000														$ 135,301,000	$ 132,437,000	$ 153,258,000

Common Stock - Dividends (Detai

Common Stock - Dividends (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended												12 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	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, 2024	Dec. 31, 2023	Dec. 31, 2022
Equity [Abstract]
Dividends per common share (in dollars per share)	$ 0.215	$ 0.215	$ 0.215	$ 0.215	$ 0.195	$ 0.195	$ 0.195	$ 0.195	$ 0.180	$ 0.180	$ 0.180	$ 0.180	$ 0.860	$ 0.780	$ 0.720
Amount	$ 13,476	$ 13,787	$ 13,873	$ 14,155	$ 12,941	$ 13,098	$ 13,667	$ 13,629	$ 12,986	$ 13,192	$ 13,400	$ 13,473	$ 55,291	$ 53,335	$ 53,051

Common Stock - Schedule of Shar

Common Stock - Schedule of Share Repurchase Activity (Details) - USD ($) $ / shares in Units, $ in Thousands					12 Months Ended
	Jul. 10, 2024	Nov. 03, 2023	Jan. 23, 2023	Jan. 13, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Shares repurchased (in shares)					2,658,180	6,486,405	4,114,863
Average price (in dollars per share)					$ 65.01	$ 51.25	$ 46.36
Aggregate value					$ 172,799	$ 332,439	$ 190,759
Open Market
Debt Instrument [Line Items]
Shares repurchased (in shares)				167,689	2,070,660	2,492,883	3,415,044
Average price (in dollars per share)					$ 65.34	$ 53.13	$ 44.88
Aggregate value				$ 7,400	$ 135,301	$ 132,437	$ 153,258
Excise tax					$ 1,100	$ 1,100
Shares repurchased and not settled							$ 1,600
Magnus
Debt Instrument [Line Items]
Shares repurchased (in shares)		1,824,994	2,168,528		587,520	3,993,522	699,819
Average price (in dollars per share)					$ 63.82	$ 50.08	$ 53.59
Aggregate value	$ 37,500	$ 100,000	$ 100,000		$ 37,498	$ 200,002	$ 37,501

Equity Incentive Plans - Narrat

Equity Incentive Plans - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) shares
Omnibus Incentive 2015 Plan
Equity Incentive Plans
Share reserved for issuance (in shares) | shares	5,032,886
Shares remaining available for future grants (in shares) | shares	2,313,545
RSUs | Omnibus Incentive 2015 Plan
Equity Incentive Plans
Unrecognized compensation expense | $	$ 21.3
Weighted average period	1 year 3 months 18 days
PSUs
Equity Incentive Plans
Performance period (in years)	3 years
PSUs | Omnibus Incentive 2015 Plan
Equity Incentive Plans
Unrecognized compensation expense | $	$ 12.9
Weighted average period	1 year 8 months 12 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) - Omnibus Incentive 2015 Plan $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares
Weighted Average Fair Value
Aggregate fair value | $	$ 17.8	$ 22.5
RSUs
Number of Units
Outstanding at beginning of the period (in shares)	868,063	944,695	691,373
Granted (in shares)	317,753	476,614	379,895
Vested (in shares)	(495,068)	(528,020)	(91,641)
Forfeited (in shares)	(22,718)	(25,226)	(34,932)
Outstanding at end of the period (in shares)	668,030	868,063	944,695
Weighted Average Fair Value
Outstanding at beginning of the period (in dollars per share) | $ / shares	$ 46.45	$ 37.48	$ 33.66
Granted (in dollars per share) | $ / shares	66.87	48.10	43.97
Vested (in dollars per share) | $ / shares	46.51	31.87	35.39
Forfeited (in dollars per share) | $ / shares	38.27	46.85	37.88
Outstanding at end of the period (in dollars per share) | $ / shares	$ 56.40	$ 46.45	$ 37.48
Shares of common stock that were not delivered (in shares)	54,117	88,760	52,849
Aggregate fair value | $	$ 32.2	$ 25.6	$ 4
Vested (in shares)	495,068	528,020	91,641
PSUs
Number of Units
Outstanding at beginning of the period (in shares)	480,254	529,366	367,067
Granted (in shares)	156,087	196,572	167,611
Vested (in shares)	(133,099)	(231,809)	0
Forfeited (in shares)	(2,275)	(13,875)	(5,312)
Outstanding at end of the period (in shares)	500,967	480,254	529,366
Weighted Average Fair Value
Outstanding at beginning of the period (in dollars per share) | $ / shares	$ 46.07	$ 36.30	$ 32.84
Granted (in dollars per share) | $ / shares	66.77	48.22	43.96
Vested (in dollars per share) | $ / shares	45.36	25.80	0
Forfeited (in dollars per share) | $ / shares	56.40	42.33	38.86
Outstanding at end of the period (in dollars per share) | $ / shares	$ 52.66	$ 46.07	$ 36.30
Vested (in shares)	133,099	231,809	0
Achieved target level of performance percentage	1
PSUs | Common Stock
Number of Units
Vested (in shares)	(86,770)	(230,089)
Weighted Average Fair Value
Shares of common stock that were not delivered (in shares)	266,198	461,568
Vested (in shares)	86,770	230,089

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, 2024	Dec. 31, 2023	Dec. 31, 2022
Equity Incentive Plans
Compensation expense	$ 30,792	$ 29,709	$ 24,083
RSUs | Omnibus Incentive 2015 Plan
Equity Incentive Plans
Compensation expense	19,146	17,055	13,269
PSUs | Omnibus Incentive 2015 Plan
Equity Incentive Plans
Compensation expense	$ 11,190	$ 11,989	$ 10,157

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, 2024	Dec. 31, 2023	Dec. 31, 2022
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Cumulative undelivered shares of common stock (in shares)	54,117	88,760	52,849
Common Stock | RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of common stock issued (in shares)	479,760	474,886
Shares of common stock withheld by the Company as payment by employees in lieu of cash to satisfy tax withholding obligations (in shares)	(160,291)	(128,912)
Net shares of common stock issued (in shares)	319,469	345,974
Cumulative undelivered shares of common stock (in shares)	480,608	462,799
Common Stock | PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of common stock issued (in shares)	219,823	231,580
Shares of common stock withheld by the Company as payment by employees in lieu of cash to satisfy tax withholding obligations (in shares)	(95,814)	(91,843)
Net shares of common stock issued (in shares)	124,009	139,737
Cumulative undelivered shares of common stock (in shares)	471,078	421,331

Equity Incentive Plans - Comp_2

Equity Incentive Plans - Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Equity Incentive Plans
Total compensation expense before income tax	$ 30,792	$ 29,709	$ 24,083
Income tax benefit	5,416	5,126	4,174
Total compensation expense, net of income tax	25,376	24,583	19,909
Cost of goods sold
Equity Incentive Plans
Total compensation expense before income tax	1,748	1,724	1,457
Selling, general and administrative
Equity Incentive Plans
Total compensation expense before income tax	27,466	26,182	21,042
Research and development
Equity Incentive Plans
Total compensation expense before income tax	$ 1,578	$ 1,803	$ 1,584

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss, Net of Tax (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 903,087	$ 976,703
Other comprehensive (loss) income before reclassifications	(25,508)	14,731
Amounts reclassified from accumulated other comprehensive loss, net of tax	(13,124)	(8,465)
Tax benefit (expense)	2,666	(947)
Ending balance	793,136	903,087
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(95,425)	(97,855)
Other comprehensive (loss) income before reclassifications	(28,072)	2,430
Amounts reclassified from accumulated other comprehensive loss, net of tax	0	0
Tax benefit (expense)	0	0
Ending balance	(123,497)	(95,425)
Gains (Losses) on Derivative Instruments | Foreign Exchange Derivative Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	3,929	5,598
Other comprehensive (loss) income before reclassifications	12,118	4,880
Amounts reclassified from accumulated other comprehensive loss, net of tax	(11,414)	(6,982)
Tax benefit (expense)	139	433
Ending balance	4,772	3,929
Gains (Losses) on Derivative Instruments | Interest Rate Swap Derivative Instruments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	227	0
Other comprehensive (loss) income before reclassifications	575	991
Amounts reclassified from accumulated other comprehensive loss, net of tax	(872)	(690)
Tax benefit (expense)	72	(74)
Ending balance	2	227
Pension and Other Postretirement
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(13,080)	(17,411)
Other comprehensive (loss) income before reclassifications	(10,129)	6,430
Amounts reclassified from accumulated other comprehensive loss, net of tax	(838)	(793)
Tax benefit (expense)	2,455	(1,306)
Ending balance	(21,592)	(13,080)
Accumulated Other Comprehensive Loss, net of tax
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(104,349)	(109,668)
Ending balance	$ (140,315)	$ (104,349)

Interest Expense, Net and Oth_3

Interest Expense, Net and Other Expense, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Interest Expense, Net
Interest expense	$ 54,711	$ 43,630	$ 14,012
Gain on interest rate swap	(872)	(690)	0
Interest income	(1,202)	(1,652)	(743)
Total interest expense, net	52,637	41,288	13,269
Other Expense, Net
Non-service cost component of net periodic benefit cost	2,998	3,327	7,994
Other (income) expense	(1,040)	(910)	835
Total other expense, net	$ 1,958	$ 2,417	$ 8,829

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, 2024	Dec. 31, 2023	Dec. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income attributable to Acushnet Holdings Corp.	$ 214,298	$ 198,429	$ 199,278
Weighted average number of common shares:
Basic (in shares)	63,345,806	67,063,933	71,958,879
Diluted (in shares)	63,648,238	67,517,105	72,560,098
Net income per common share attributable to Acushnet Holdings Corp.:
Basic (in dollars per share)	$ 3.38	$ 2.96	$ 2.77
Diluted (in dollars per share)	$ 3.37	$ 2.94	$ 2.75
RSUs
Weighted average number of common shares:
RSUs and PSUs (in shares)	224,058	311,992	354,960
PSUs
Weighted average number of common shares:
RSUs and PSUs (in shares)	78,374	141,180	246,259

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, 2024	Dec. 31, 2023	Dec. 31, 2022
RSUs
Anti-dilutive securities excluded from computation of earnings per share (in shares)	161,217	66,590	107,497

Segment Information - Reconcili

Segment Information - Reconciliation (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) segment	Dec. 31, 2023 USD ($) segment	Dec. 31, 2022 USD ($) segment
Segment Reporting [Abstract]
Number of reportable segments | segment	3
Segment Reporting Information [Line Items]
Net sales	$ 2,457,091	$ 2,381,995	$ 2,270,336
Segment expenses:
Cost of goods sold	1,269,364	1,261,958	1,221,647
Research and development	67,841	64,839	56,393
Selling, general and administrative	801,600	755,671	702,878
Income from operations	304,262	285,305	281,533
Reconciling items:
Interest expense, net	(52,637)	(41,288)	(13,269)
Non-service cost component of net periodic benefit cost	(2,998)	(3,327)	(7,994)
Income before income taxes	$ 249,667	$ 241,600	$ 259,435
Number of non-reportable segments | segment	2	2	2
Operating segments
Segment Reporting Information [Line Items]
Net sales	$ 2,314,518	$ 2,232,974	$ 2,111,314
Segment expenses:
Cost of goods sold	1,206,639	1,196,401	1,157,155
Advertising and promotion	233,879	222,927	203,073
Research and development	66,090	63,016	54,497
Selling, general and administrative	470,548	449,694	427,800
Other segment items	12,616	12,803	6,490
Restructuring costs	0	0
Other expenses	0	0
Income from operations	324,746	288,133	262,299
Other
Segment Reporting Information [Line Items]
Net sales	142,573	149,021	159,022
Segment expenses:
Restructuring costs	18,549	705
Other expenses	144,508	151,144	139,788
Income from operations	(20,484)	(2,828)	19,234
Reconciling Items
Reconciling items:
Interest expense, net	(52,637)	(41,288)	(13,269)
Non-service cost component of net periodic benefit cost	(2,998)	(3,327)	(7,994)
Other	1,040	910	(835)
Titleist golf equipment | Operating segments
Segment Reporting Information [Line Items]
Net sales	1,507,817	1,420,369	1,288,417
Segment expenses:
Cost of goods sold	711,544	679,226	634,984
Advertising and promotion	170,604	160,464	143,647
Research and development	59,534	57,118	48,798
Selling, general and administrative	282,408	262,558	241,130
Other segment items	9,801	10,196	6,194
Restructuring costs	0	0
Other expenses	0	0
Income from operations	273,926	250,807	213,664
FootJoy Golf Wear | Operating segments
Segment Reporting Information [Line Items]
Net sales	574,560	590,039	611,002
Segment expenses:
Cost of goods sold	352,225	373,326	372,867
Advertising and promotion	50,016	50,384	48,255
Research and development	4,338	4,063	3,907
Selling, general and administrative	142,741	144,234	146,078
Other segment items	221	223	224
Restructuring costs	0	0
Other expenses	0	0
Income from operations	25,019	17,809	39,671
Golf Gear | Operating segments
Segment Reporting Information [Line Items]
Net sales	232,141	222,566	211,895
Segment expenses:
Cost of goods sold	142,870	143,849	149,304
Advertising and promotion	13,259	12,079	11,171
Research and development	2,218	1,835	1,792
Selling, general and administrative	45,399	42,902	40,592
Other segment items	2,594	2,384	72
Restructuring costs	0	0
Other expenses	0	0
Income from operations	$ 25,801	$ 19,517	$ 8,964

Segment Information - Depreciat

Segment Information - Depreciation and Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 55,888	$ 51,356	$ 41,706
Share based compensation	30,792	29,709	24,083
Titleist golf equipment
Segment Reporting Information [Line Items]
Depreciation and amortization	39,514	36,549	30,316
Share based compensation	19,483	18,417	14,703
FootJoy Golf Wear
Segment Reporting Information [Line Items]
Depreciation and amortization	7,978	7,613	6,677
Share based compensation	7,844	7,633	6,043
Golf Gear
Segment Reporting Information [Line Items]
Depreciation and amortization	5,470	4,410	1,843
Share based compensation	$ 2,989	$ 3,003	$ 2,680

Segment Information - Geographi

Segment Information - Geographical Areas (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	$ 2,457,091	$ 2,381,995	$ 2,270,336
Total long-lived assets	325,747	295,343
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	1,446,785	1,350,006	1,227,801
Total long-lived assets	237,097	213,827
EMEA
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	320,901	314,655	321,545
Total long-lived assets	13,964	12,926
Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	133,979	149,425	161,027
Total long-lived assets	4,961	5,613
Korea
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	290,979	301,815	312,655
Total long-lived assets	6,981	8,286
Rest of World
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net sales	264,447	266,094	$ 247,308
Total long-lived assets	62,744	54,691
Thailand
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets	$ 51,100	$ 43,700

Commitments and Contingencies -

Commitments and Contingencies - Purchase Commitments (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2025	$ 298,819
2026	32,009
2027	3,245
2028	2,487
2029	2,044
Thereafter	$ 5,198

Restructuring Costs - Schedule

Restructuring Costs - Schedule of Company's Restructuring Program Rollforward (Details) - Facility Closing - Initial Plan $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($)
Restructuring Reserve [Roll Forward]
Balance at beginning of period	$ 0
Provision	18,000
Payments	(5,569)
Balance at end of year	$ 12,431

Restructuring Costs - Additiona

Restructuring Costs - Additional Information (Details)	12 Months Ended
	Dec. 31, 2024 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]	Selling, general and administrative
Facility Closing | Initial Plan
Restructuring Cost and Reserve [Line Items]
Expected remaining cost	$ 0