Topgolf Callaway Brands (MODG) 10-Q 10 Aug 20 2020 Q1 Quarterly report Financial data

Cover Page

Cover Page	6 Months Ended
	Jun. 30, 2020shares
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-10962
Entity Registrant Name	Callaway Golf Company
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-3797580
Entity Address, Address Line One	2180 Rutherford Road
Entity Address, City or Town	Carlsbad
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92008
City Area Code	760
Local Phone Number	931-1771
Entity Current Reporting Status	Yes
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	ELY
Security Exchange Name	NYSE
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	94,163,544
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Central Index Key	0000837465
Current Fiscal Year End Date	--12-31

CONSOLIDATED CONDENSED BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 164,416	$ 106,666
Accounts receivable, net	214,004	140,455
Inventories	379,169	456,639
Income taxes receivable	16,624	9,919
Other current assets	66,348	75,671
Total current assets	840,561	789,350
Property, plant and equipment, net	149,618	132,760
ROU assets, net	189,381	160,098
Intangible assets, net	465,696	493,423
Goodwill	55,579	203,743
Deferred taxes, net	48,746	73,948
Investment in golf-related venture	90,134	90,134
Other assets	19,941	17,092
Total assets	1,859,656	1,960,548
Current liabilities:
Accounts payable and accrued expenses	204,980	276,300
Accrued employee compensation and benefits	29,455	46,891
Asset-based credit facilities	55,551	144,580
Accrued warranty expense	9,779	9,636
Lease liabilities, short-term	28,772	26,418
Current portion of long-term debt	8,653	7,317
Income taxes payable	6,430	12,104
Total current liabilities	343,620	523,246
Long-term liabilities:
Lease liabilities, long-term	172,093	137,696
Long-term debt (Note 6)	628,851	443,259
Income tax liability	7,104	7,264
Deferred taxes, net	65,712	73,483
Other long-term liabilities	17,728	8,247
Commitments and contingencies (Note 14)
Shareholders’ equity:
Preferred stock, $0.01 par value, 3,000,000 shares authorized, none issued and outstanding at June 30, 2020 and December 31, 2019	0	0
Common stock, $0.01 par value, 240,000,000 shares authorized, 95,648,648 shares issued at both June 30, 2020 and December 31, 2019, respectively	956	956
Additional paid-in capital	341,615	323,600
Retained earnings	348,376	489,382
Accumulated other comprehensive loss	(39,792)	(22,422)
Less: Common stock held in treasury, at cost, 1,485,104 and 1,450,875 shares at June 30, 2020 and December 31, 2019, respectively	(26,607)	(24,163)
Total shareholders’ equity	624,548	767,353
Total liabilities and shareholders’ equity	$ 1,859,656	$ 1,960,548

CONSOLIDATED CONDENSED BALANC_2

CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred stock, par value (usd per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	3,000,000	3,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	240,000,000	240,000,000
Common stock, shares issued (in shares)	95,648,648	95,648,648
Common Stock held in treasury, shares (in shares)	1,485,104	1,137,470

CONSOLIDATED CONDENSED STATEMEN

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Net sales	$ 296,996,000	$ 446,708,000	$ 739,272,000	$ 962,905,000
Cost of sales	174,941,000	239,891,000	421,543,000	517,655,000
Gross profit	122,055,000	206,817,000	317,729,000	445,250,000
Operating expenses:
Selling expense	80,166,000	113,113,000	191,227,000	232,434,000
General and administrative expense	35,049,000	35,423,000	65,742,000	72,361,000
Research and development expense	10,020,000	13,082,000	23,260,000	25,620,000
Goodwill and Intangible Asset Impairment	174,269,000	0	174,269,000	0
Total operating expenses	299,504,000	161,618,000	454,498,000	330,415,000
Income (loss) from operations	(177,449,000)	45,199,000	(136,769,000)	114,835,000
Interest income	119,000	476,000	218,000	665,000
Interest expense	(12,282,000)	(10,736,000)	(21,496,000)	(20,564,000)
Other income (expense), net	13,997,000	1,167,000	20,477,000	(773,000)
Income (loss) before income taxes	(175,615,000)	36,106,000	(137,570,000)	94,163,000
Income tax provision (benefit)	(7,931,000)	7,208,000	1,220,000	16,764,000
Net income (loss)	(167,684,000)	28,898,000	(138,790,000)	77,399,000
Less: Net loss attributable to non-controlling interest	0	(33,000)	0	(179,000)
Net income (loss) attributable to Callaway Golf Company	$ (167,684,000)	$ 28,931,000	$ (138,790,000)	$ 77,578,000
Earnings (loss) per common share:
Basic (usd per share)	$ (1.78)	$ 0.31	$ (1.47)	$ 0.82
Diluted (usd per share)	$ (1.78)	$ 0.30	$ (1.47)	$ 0.81
Weighted-average common shares outstanding:
Basic (in shares)	94,141	94,074	94,225	94,377
Diluted (in shares)	94,141	95,891	94,225	96,153

CONSOLIDATED CONDENSED STATEM_2

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (167,684)	$ 28,898	$ (138,790)	$ 77,399
Other comprehensive income:
Change in derivative instruments	(13,453)	(5,567)	(14,042)	(8,741)
Foreign currency translation adjustments	8,155	1,321	(6,781)	(1,657)
Comprehensive income (loss), before income tax on other comprehensive income items	(172,982)	24,652	(159,613)	67,001
Income tax benefit on derivative instruments	3,023	1,916	3,453	1,488
Comprehensive income (loss)	(169,959)	26,568	(156,160)	68,489
Less: Comprehensive loss attributable to non-controlling interests	0	(231)	0	(339)
Comprehensive income (loss) attributable to Callaway Golf Company	$ (169,959)	$ 26,799	$ (156,160)	$ 68,828

CONSOLIDATED CONDENSED STATEM_3

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (Unaudited) Statements - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net income (loss)	$ (138,790)	$ 77,399
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	18,357	16,999
Lease amortization expense	16,313	15,279
Amortization of debt issuance costs	1,823	1,295
Debt discount amortization	1,483	0
Inventory step-up on acquisition	0	10,703
Impairment loss	174,269	0
Deferred taxes, net	8,684	10,514
Non-cash share-based compensation	4,794	6,964
Loss on disposal of long-lived assets	123	657
Unrealized net (gains) losses on hedging instruments	(14,059)	2,677
Change in assets and liabilities, net of effect from acquisitions:
Accounts receivable, net	(73,177)	(156,548)
Inventories	73,029	57,509
Other assets	13,984	(1,182)
Accounts payable and accrued expenses	(72,492)	(51,924)
Accrued employee compensation and benefits	(16,876)	(10,331)
Accrued warranty expense	143	1,159
Change in operating leases, net	(13,438)	(14,335)
Income taxes receivable/payable, net	(13,118)	(16,224)
Other liabilities	8,627	(1,370)
Net cash used in operating activities	(20,321)	(50,759)
Cash flows from investing activities:
Capital expenditures	(25,097)	(23,403)
Note receivable, net of discount	(5,234)	0
Acquisitions, net of cash acquired	0	(463,105)
Proceeds from sales of property and equipment	0	15
Net cash used in investing activities	(30,331)	(486,493)
Cash flows from financing activities:
Proceeds from issuance of convertible notes	258,750	0
Proceeds from issuance of long-term debt	9,766	480,000
Premium paid for capped call confirmations	(31,775)	0
Debt issuance cost	(9,119)	(18,971)
(Repayments of) proceeds from credit facilities, net	(89,029)	125,167
Repayments of long-term debt	(5,504)	(2,325)
Repayments of financing leases	(206)	(232)
Exercise of stock options	130	0
Dividends paid, net	(1,891)	(1,893)
Acquisition of treasury stock	(21,953)	(27,394)
Net cash provided by financing activities	109,169	554,352
Effect of exchange rate changes on cash and cash equivalents	(767)	409
Net increase in cash and cash equivalents	57,750	17,509
Cash and cash equivalents at beginning of period	106,666
Cash and cash equivalents at end of period	164,416
Supplemental disclosures:
Cash paid for income taxes, net	1,692	4,602
Cash paid for interest and fees	16,489	17,061
Non-cash investing and financing activities:
Acquisition of minority interest	0	18,538
Issuance of treasury stock and common stock for compensatory stock awards released from restriction	19,143	19,304
Accrued capital expenditures at period-end	$ 1,861	$ 1,629

CONSOLIDATED CONDENSED STATEM_4

CONSOLIDATED CONDENSED STATEMENT OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($) shares in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Stock	Callaway Golf Company	Accumulated Foreign Currency Adjustment Attributable to Parent	Non-Controlling Interests
Beginning Balance (in shares) at Dec. 31, 2018		95,649				(1,138)
Beginning Balance at Dec. 31, 2018	$ 734,308,000	$ 956,000	$ 341,241,000	$ 413,799,000	$ (13,700,000)	$ (17,722,000)	$ 724,574,000		$ 9,734,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Acquisition of treasury stock (in shares)						(1,655)
Acquisition of treasury stock	(27,394,000)					$ 27,394,000	(27,394,000)
Compensatory awards released from restriction (in shares)		0				853
Compensatory awards released from restriction		$ 0	(19,304,000)			$ 19,304,000
Share-based compensation	6,964,000		6,964,000				6,964,000
Stock Dividends (in shares)						385
Stock Dividends			0	(39,000)		$ (39,000)
Cash dividends	(1,893,000)			(1,893,000)			(1,893,000)
Foreign currency translation adjustments	(1,657,000)				(1,318,000)		(1,318,000)		(339,000)
Change in fair value of derivative instruments	(7,253,000)				(7,253,000)		(7,253,000)
Noncontrolling Interest, Period Increase (Decrease)	(18,538,000)		(9,322,000)				(9,322,000)		(9,216,000)
Net income	77,399,000			77,578,000			77,578,000		(179,000)
Ending Balance (in shares) at Jun. 30, 2019		95,649				(1,555)
Ending Balance at Jun. 30, 2019	761,936,000	$ 956,000	319,579,000	489,445,000	(22,271,000)	$ (25,773,000)	761,936,000		0
Beginning Balance (in shares) at Mar. 31, 2019		95,649				(1,604)
Beginning Balance at Mar. 31, 2019	751,334,000	$ 956,000	326,209,000	461,456,000	(20,172,000)	$ (26,595,000)	741,854,000		9,480,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Acquisition of treasury stock (in shares)						(1)
Acquisition of treasury stock	(17,000)					$ 17,000	(17,000)
Compensatory awards released from restriction (in shares)						50
Compensatory awards released from restriction			(837,000)	0		$ 837,000
Share-based compensation	3,529,000		3,529,000				3,529,000
Stock Dividends (in shares)						0
Stock Dividends			0	2,000		$ (2,000)
Cash dividends	(940,000)			(940,000)			(940,000)
Foreign currency translation adjustments	1,321,000				1,552,000		1,552,000		(231,000)
Change in fair value of derivative instruments	(3,651,000)				(3,651,000)		(3,651,000)
Noncontrolling Interest, Period Increase (Decrease)	(18,538,000)		(9,322,000)				(9,322,000)		(9,216,000)
Net income	28,898,000			28,931,000			28,931,000		(33,000)
Ending Balance (in shares) at Jun. 30, 2019		95,649				(1,555)
Ending Balance at Jun. 30, 2019	761,936,000	$ 956,000	319,579,000	489,445,000	(22,271,000)	$ (25,773,000)	761,936,000		$ 0
Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt	57,077,000		57,077,000
Beginning Balance (in shares) at Dec. 31, 2019		95,649				(1,451)
Beginning Balance at Dec. 31, 2019	767,353,000	$ 956,000	323,600,000	489,382,000	(22,422,000)	$ (24,163,000)	767,353,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adoption of accounting standard	289,000
Adoption of accounting standard | ASU 2016-13 (Topic 326)	289,000			(289,000)
Adoption of accounting standard | ASU 2014-09							(289,000)
Acquisition of treasury stock (in shares)						(1,168)
Acquisition of treasury stock						$ (21,953,000)	(21,953,000)
Exercise of stock options (in shares)						20
Exercise of stock options			(203,000)			$ 333,000	130,000
Compensatory awards released from restriction (in shares)						1,112
Compensatory awards released from restriction			(19,143,000)			$ 19,143,000
Share-based compensation			4,794,000				4,794,000
Stock Dividends (in shares)						2
Stock Dividends			(3,000)	(36,000)		$ 33,000
Cash dividends	(0.01)			(1,891,000)			(1,891,000)
Foreign currency translation adjustments	(6,781,000)						(6,781,000)
Change in fair value of derivative instruments					(10,589,000)		(10,589,000)
Net income	(138,790,000)			(138,790,000)			(138,790,000)
Ending Balance (in shares) at Jun. 30, 2020		95,649				(1,485)
Ending Balance at Jun. 30, 2020	624,548,000	$ 956,000	341,615,000	348,376,000	(39,792,000)	$ (26,607,000)	624,548,000
Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt	57,077,000		57,077,000
Beginning Balance (in shares) at Mar. 31, 2020		95,649				(1,541)
Beginning Balance at Mar. 31, 2020		$ 956,000	307,133,000	517,004,000	(37,517,000)	$ (27,609,000)	759,967,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Acquisition of treasury stock (in shares)						(1)
Acquisition of treasury stock						$ (15,000)	(15,000)
Compensatory awards released from restriction (in shares)						57
Compensatory awards released from restriction			(1,014,000)			$ 1,014,000
Share-based compensation			2,933,000				2,933,000
Stock Dividends			1,000	(2,000)		$ 3,000
Cash dividends				(942,000)			(942,000)
Foreign currency translation adjustments	8,155,000						8,155,000	$ 8,155,000
Change in fair value of derivative instruments					(10,430,000)		(10,430,000)
Net income	(167,684,000)			(167,684,000)			(167,684,000)
Ending Balance (in shares) at Jun. 30, 2020		95,649				(1,485)
Ending Balance at Jun. 30, 2020	$ 624,548,000	$ 956,000	$ 341,615,000	$ 348,376,000	$ (39,792,000)	$ (26,607,000)	$ 624,548,000

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Basis of Presentation	Note 1. Basis of Presentation The accompanying unaudited consolidated condensed financial statements have been prepared by Callaway Golf Company (the “Company” or “Callaway Golf”) pursuant to the rules and regulations of the Securities and Exchange Commission (the “Commission”). Accordingly, certain information and disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) have been condensed or omitted. These consolidated condensed financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019 filed with the Commission. These consolidated condensed financial statements, in the opinion of management, include all the normal and recurring adjustments necessary for the fair presentation of the financial position, results of operations and cash flows for the periods and dates presented. Interim operating results are not necessarily indicative of operating results for the full year. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and judgments that affect the reported amounts of assets and liabilities and 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. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances. Examples of such estimates include provisions for warranty, uncollectible accounts receivable, inventory obsolescence, sales returns, and tax contingencies and estimates related to the Tax Act enacted in December 2017, and estimates on the valuation of share-based awards and recoverability of long-lived assets and investments. Actual results may materially differ from these estimates. On an ongoing basis, the Company reviews its estimates to ensure that these estimates appropriately reflect changes in its business or as new information becomes available. Recent Accounting Standards In December 2019, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2019-12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes." This ASU removes specific exceptions to the general principles in Accounting Standards Codification ("ASC") Topic 740, "Accounting for Income Taxes" ("Topic 740") and simplifies certain U.S. GAAP requirements. ASU 2019-12 is effective for public filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. Early adoption is permitted. The Company is currently evaluating the impact this ASU will have on its consolidated condensed financial statements and disclosures. Adoption of New Accounting Standards On January 1, 2020, the Company adopted ASU No. 2016-13, "Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" ("Topic 326") utilizing the modified retrospective approach. This new standard is intended to improve financial reporting by requiring timelier recording of credit losses on the Company's trade account receivable and requires the measurement of all expected credit losses based on historical experience, current conditions, and reasonable and supportable forecasts. Upon the completion of the Company's assessment of Topic 326, the Company concluded that its prior methodology of estimating credit losses on its trade accounts receivable closely aligns with the requirements of the new standard, and therefore, the adoption of this ASU did not have a material impact on the Company consolidated condensed financial statements. For further information, see Note 4 . Upon adoption of Topic 326, the Company recorded a cumulative adjustment to beginning retained earnings of $289,000 , which reflected an increase to the allowance for doubtful accounts. As the impact to the Company's consolidated condensed financial statements in the first quarter of 2020 was not material, prior period information that is presented for comparative purposes has not been restated and continues to be reported under the accounting standards that were in effect during those periods. On January 1, 2020, the Company adopted ASU No. 2018-13, "Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement." The amendments in this ASU removed, modified or added to the disclosure requirements for fair value measurements in ASC Topic 820, "Fair Value Measurement" ("Topic 820"). The adoption of this ASU did not have a material impact on the Company's consolidated condensed financial statements and disclosures.

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	Note 2. Leases The Company leases office space, manufacturing plants, warehouses, distribution centers and vehicles and equipment, as well as retail and/or outlet locations related to the TravisMathew and Jack Wolfskin businesses and the apparel business in Japan. Certain real estate leases include one or more options to extend the lease term or options to purchase the leased property at the Company's sole discretion. When deemed reasonably certain of exercise, the renewal and purchase options are included in the determination of the lease term and lease payment obligation, respectively. The depreciable life of assets and leasehold improvements are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. Right-of-use ("ROU") assets represent the right to use an underlying asset during the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date of the lease based on the present value of lease payments over the lease term. When readily determinable, the Company uses the rate implicit in the lease agreement in determining the present value of minimum lease payments. If the implicit rate is not provided, the Company uses its incremental borrowing rate based on information available at the lease commencement date, including the lease term. At the commencement of a lease, the ROU asset for operating leases is measured by taking the sum of the present value of the lease liability, initial direct costs (if any) and prepaid lease payments (if any), and deducting lease incentives (if any). After the lease commencement date and over the lease term, lease expense is recognized as a single lease cost on a straight-line basis. Lease agreements related to properties are generally comprised of lease components and non-lease components. Non-lease components, such as common area maintenance charges, are expensed as incurred and recognized separately from the straight-line lease expense. Variable lease payments that do not depend on an index or rate, such as rental payments based on a percentage of retail sales over contractual levels, are expensed separately as incurred, and are not included in the measurement of the ROU asset and lease liability. Variable lease payments that depend on an index or rate, such as payments that are adjusted periodically for inflation, are included in the measurement of the ROU asset and lease liability and are recognized on a straight-line basis over the lease term. In response to the COVID-19 pandemic, the Company received certain rent concessions on a few of its operating leases. The Company opted to not modify these leases in accordance to the FASB Staff Q&A-Topic 842 and Topic 840: "Accounting For Lease Concessions Related to the Effects of the COVID-19 Pandemic" issued in April 2020. The impact of these concessions was not material to the accompanying Consolidated Condensed Balance Sheet as of June 30, 2020, and the Consolidated Condensed Statements of Operations for the three and six months ended June 30, 2020. Supplemental balance sheet information related to leases is as follows (in thousands): Balance Sheet Location June 30, 2020 December 31, 2019 Operating leases ROU assets, net Operating lease ROU assets, net $ 189,381 $ 160,098 Lease liabilities, short-term Operating lease liabilities, short-term $ 28,772 $ 26,418 Lease liabilities, long-term Operating lease liabilities, long-term $ 172,093 $ 137,696 Finance Leases ROU assets, net, Other assets $ 1,065 $ 1,263 Lease liabilities, short-term Accounts payable and accrued expenses $ 527 $ 589 Lease liabilities, long-term Long-term other $ 539 $ 558 The components of lease expense are as follows (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Operating lease costs $ 10,279 $ 10,702 $ 21,301 $ 19,599 Financing lease costs: Amortization of right-of-use assets 153 220 320 477 Interest on lease liabilities 11 30 22 55 Total financing lease costs 164 250 342 532 Variable lease costs 587 846 1,883 2,186 Total lease costs $ 11,030 $ 11,798 $ 23,526 $ 22,317 Other information related to leases was as follows (in thousands): Six Months Ended Supplemental Cash Flows Information 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 18,227 $ 20,100 Operating cash flows from finance leases $ 22 $ 55 Financing cash flows from finance leases $ 206 $ 232 Lease liabilities arising from new ROU assets: Operating leases $ 53,417 $ 7,679 Finance leases $ 130 $ 81 June 30, December 31, Weighted average remaining lease term (years): Operating leases 10.1 10.4 Finance leases 2.8 2.8 Weighted average discount rate: Operating leases 5.4 % 5.7 % Finance leases 4.0 % 4.2 % Future minimum lease obligations as of June 30, 2020 were as follows (in thousands): Operating Leases Finance Leases Remainder of 2020 $ 20,417 $ 418 2021 34,965 270 2022 30,389 229 2023 26,453 119 2024 22,963 46 Thereafter 127,756 32 Total future lease payments 262,943 1,114 Less: imputed interest 62,078 47 Total $ 200,865 $ 1,067
Leases	Note 2. Leases The Company leases office space, manufacturing plants, warehouses, distribution centers and vehicles and equipment, as well as retail and/or outlet locations related to the TravisMathew and Jack Wolfskin businesses and the apparel business in Japan. Certain real estate leases include one or more options to extend the lease term or options to purchase the leased property at the Company's sole discretion. When deemed reasonably certain of exercise, the renewal and purchase options are included in the determination of the lease term and lease payment obligation, respectively. The depreciable life of assets and leasehold improvements are limited by the expected lease term, unless there is a transfer of title or purchase option reasonably certain of exercise. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants. Right-of-use ("ROU") assets represent the right to use an underlying asset during the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at the commencement date of the lease based on the present value of lease payments over the lease term. When readily determinable, the Company uses the rate implicit in the lease agreement in determining the present value of minimum lease payments. If the implicit rate is not provided, the Company uses its incremental borrowing rate based on information available at the lease commencement date, including the lease term. At the commencement of a lease, the ROU asset for operating leases is measured by taking the sum of the present value of the lease liability, initial direct costs (if any) and prepaid lease payments (if any), and deducting lease incentives (if any). After the lease commencement date and over the lease term, lease expense is recognized as a single lease cost on a straight-line basis. Lease agreements related to properties are generally comprised of lease components and non-lease components. Non-lease components, such as common area maintenance charges, are expensed as incurred and recognized separately from the straight-line lease expense. Variable lease payments that do not depend on an index or rate, such as rental payments based on a percentage of retail sales over contractual levels, are expensed separately as incurred, and are not included in the measurement of the ROU asset and lease liability. Variable lease payments that depend on an index or rate, such as payments that are adjusted periodically for inflation, are included in the measurement of the ROU asset and lease liability and are recognized on a straight-line basis over the lease term. In response to the COVID-19 pandemic, the Company received certain rent concessions on a few of its operating leases. The Company opted to not modify these leases in accordance to the FASB Staff Q&A-Topic 842 and Topic 840: "Accounting For Lease Concessions Related to the Effects of the COVID-19 Pandemic" issued in April 2020. The impact of these concessions was not material to the accompanying Consolidated Condensed Balance Sheet as of June 30, 2020, and the Consolidated Condensed Statements of Operations for the three and six months ended June 30, 2020. Supplemental balance sheet information related to leases is as follows (in thousands): Balance Sheet Location June 30, 2020 December 31, 2019 Operating leases ROU assets, net Operating lease ROU assets, net $ 189,381 $ 160,098 Lease liabilities, short-term Operating lease liabilities, short-term $ 28,772 $ 26,418 Lease liabilities, long-term Operating lease liabilities, long-term $ 172,093 $ 137,696 Finance Leases ROU assets, net, Other assets $ 1,065 $ 1,263 Lease liabilities, short-term Accounts payable and accrued expenses $ 527 $ 589 Lease liabilities, long-term Long-term other $ 539 $ 558 The components of lease expense are as follows (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Operating lease costs $ 10,279 $ 10,702 $ 21,301 $ 19,599 Financing lease costs: Amortization of right-of-use assets 153 220 320 477 Interest on lease liabilities 11 30 22 55 Total financing lease costs 164 250 342 532 Variable lease costs 587 846 1,883 2,186 Total lease costs $ 11,030 $ 11,798 $ 23,526 $ 22,317 Other information related to leases was as follows (in thousands): Six Months Ended Supplemental Cash Flows Information 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 18,227 $ 20,100 Operating cash flows from finance leases $ 22 $ 55 Financing cash flows from finance leases $ 206 $ 232 Lease liabilities arising from new ROU assets: Operating leases $ 53,417 $ 7,679 Finance leases $ 130 $ 81 June 30, December 31, Weighted average remaining lease term (years): Operating leases 10.1 10.4 Finance leases 2.8 2.8 Weighted average discount rate: Operating leases 5.4 % 5.7 % Finance leases 4.0 % 4.2 % Future minimum lease obligations as of June 30, 2020 were as follows (in thousands): Operating Leases Finance Leases Remainder of 2020 $ 20,417 $ 418 2021 34,965 270 2022 30,389 229 2023 26,453 119 2024 22,963 46 Thereafter 127,756 32 Total future lease payments 262,943 1,114 Less: imputed interest 62,078 47 Total $ 200,865 $ 1,067

Revenue Recognition

Revenue Recognition	6 Months Ended
	Jun. 30, 2020
Revenue Recognition [Abstract]
Revenue Recognition	Note 3. Revenue Recognition The Company recognizes revenue from the sale of its products, which include golf clubs, golf balls, lifestyle and outdoor apparel, gear and accessories, in addition to golf apparel and accessories. The Company sells its products to customers, which include on- and off-course golf shops and national retail stores, as well as to consumers through its e-commerce business and at its apparel retail locations. In addition, the Company recognizes royalty income from third parties from the licensing of certain soft goods products, as well as revenue from gift cards. The Company's contracts with customers are generally in the form of a purchase order. In certain cases, the Company enters into sales agreements containing specific terms, discounts and allowances. In addition, the Company enters into licensing agreements with certain distributors. The Company has two operating and reportable segments, namely the Golf Equipment operating segment and the Apparel, Gear and Other operating segment. The following table presents the Company's revenue disaggregated by major product category and operating and reportable segment (in thousands): Operating and Reportable Segments Three Months Ended June 30, 2020 Three Months Ended June 30, 2019 Golf Equipment Apparel, Gear & Other Total Golf Equipment Apparel, Gear & Other Total Major product category: Golf Clubs $ 156,040 $ — $ 156,040 $ 223,741 $ — $ 223,741 Golf Balls 53,903 — 53,903 68,612 — 68,612 Apparel — 36,302 36,302 — 73,195 73,195 Gear, Accessories & Other — 50,751 50,751 — 81,160 81,160 $ 209,943 $ 87,053 $ 296,996 $ 292,353 $ 154,355 $ 446,708 Operating and Reportable Segments Six Months Ended June 30, 2020 Six Months Ended June 30, 2019 Golf Equipment Apparel, Gear & Other Total Golf Equipment Apparel, Gear & Other Total Major product category: Golf Clubs $ 407,264 $ — $ 407,264 $ 485,526 $ — $ 485,526 Golf Balls 94,340 — 94,340 130,446 — 130,446 Apparel — 113,592 113,592 — 169,441 169,441 Gear, Accessories & Other — 124,076 124,076 — 177,492 177,492 $ 501,604 $ 237,668 $ 739,272 $ 615,972 $ 346,933 $ 962,905 The Company sells its golf equipment products and apparel, gear and accessories in the United States and internationally, with its principal international regions being Japan and Europe. On a regional basis, sales of golf equipment products are generally higher than sales of apparel, gear and other products, with the exception of Europe as a result of the Jack Wolfskin acquisition completed in January 2019. The following table presents information about the geographical areas in which the Company operates. Revenues are attributed to the location to which the product was shipped (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Major Geographic Region: United States $ 171,714 $ 247,419 $ 389,217 $ 496,420 Europe 50,074 81,630 146,793 208,243 Japan 24,640 55,676 101,987 128,904 Rest of World 50,568 61,983 101,275 129,338 $ 296,996 $ 446,708 $ 739,272 $ 962,905 Product Sales The Company recognizes revenue from the sale of its products when it satisfies the terms of a sales order from a customer, and transfers control of the products ordered to the customer. Control transfers when products are shipped, and in certain cases, when products are received by customers. In addition, the Company recognizes revenue at the point of sale on transactions with consumers at its retail locations. Sales taxes, value added taxes and other taxes that are collected in connection with revenue transactions are withheld and remitted to the respective taxing authorities. As such, these taxes are excluded from revenue. The Company elected to account for shipping and handling as activities to fulfill the promise to transfer the good. Therefore, shipping and handling fees that are billed to customers are recognized in revenue and the associated shipping and handling costs are recognized in cost of goods sold as soon as control of the goods transfers to the customer. Royalty Income Royalty income is recognized over time in net sales as underlying product sales occur, subject to certain minimum royalties, in accordance with the related licensing arrangements. Royalty income is included in the Company's Apparel, Gear and Other operating segment. Total royalty income for the three months ended June 30, 2020 and 2019 was $3,552,000 and $5,467,000 , respectively, and total royalty income for the six months ended June 30, 2020 and 2019 was $9,097,000 and $10,145,000 , respectively. Gift Cards Revenues from gift cards are deferred and recognized when the cards are redeemed. The Company’s gift cards have no expiration date. The Company recognizes revenue from unredeemed gift cards, otherwise known as breakage, when the likelihood of redemption becomes remote and under circumstances that comply with any applicable state escheatment laws. To determine when redemption is remote, the Company analyzes an aging of unredeemed cards (based on the date the card was last used or the activation date if the card has never been used) and compares that information with historical redemption trends. The Company uses this historical redemption rate to recognize breakage on unredeemed gift cards over the redemption period. The Company does not believe there is a reasonable likelihood that there will be a material change in the future estimates or assumptions used to determine the timing of recognition of gift card revenues. As of June 30, 2020 and December 31, 2019 , the Company's deferred revenue liability for gift cards was $1,828,000 and $2,190,000 , respectively. During the three months ended June 30, 2020 and 2019 , the Company recognized $454,000 and $657,000 of deferred gift card revenue, respectively. During the six months ended June 30, 2020 and 2019 , the Company recognized $1,030,000 and $1,090,000 of deferred gift card revenue, respectively. Variable Consideration The amount of revenue the Company recognizes is based on the amount of consideration it expects to receive from customers. The amount of consideration is the sales price adjusted for estimates of variable consideration, including sales returns, discounts and allowances as well as sales programs, sales promotions and price concessions that are offered by the Company as described below. These estimates are based on the amounts earned or to be claimed by customers on the related sales, and are therefore recorded as reductions to sales and trade accounts receivable. The Company’s primary sales program, the “Preferred Retailer Program,” offers potential rebates and discounts for participating retailers in exchange for providing certain benefits to the Company, including the maintenance of agreed upon inventory levels, prime product placement and retailer staff training. Under this program, qualifying retailers can earn either discounts or rebates based upon the amount of product purchased. Discounts are applied and recorded at the time of sale. For rebates, the Company estimates the amount of variable consideration related to the rebate at the time of sale based on the customer’s estimated qualifying current year product purchases. The estimate is based on the historical level of purchases, adjusted for any factors expected to affect the current year purchase levels. The estimated year-end rebate is adjusted quarterly based on actual purchase levels, as necessary. The Preferred Retailer Program is generally short-term in nature and the actual amount of rebate to be paid under this program is known as of the end of the year and paid to customers shortly after year-end. Historically, the Company's actual amount of variable consideration related to its Preferred Retailer Program has not been materially different from its estimates. The Company also offers short-term sales program incentives, which include sell-through promotions and price concessions or price reductions. Sell-through promotions are generally offered throughout the product's life cycle of approximately two years, and price concessions or price reductions are generally offered at the end of the product's life cycle. The estimated variable consideration related to these programs is based on a rate that includes historical and forecasted data. The Company records a reduction to net sales using this rate at the time of the sale. The Company monitors this rate against actual results and forecasted estimates and adjusts the rate as deemed necessary in order to reflect the amount of consideration it expects to receive from its customers. There were no material changes to the rate during the three and six months ended June 30, 2020 and 2019. Historically, the Company's actual amount of variable consideration related to these sales programs has not been materially different from its estimates. The Company records an estimate for anticipated returns as a reduction of sales and cost of sales, and accounts receivable, in the period that the related sales are recorded. Sales returns are estimated based upon historical returns, current economic trends, changes in customer demands and sell-through of products. The Company also offers certain customers sales programs that allow for specific returns. The Company records a return liability as an offset to accounts receivable for anticipated returns related to these sales programs at the time of the sale based on the terms of the sales program. The cost recovery of inventory associated with this reserve is accounted for in other current assets. Historically, the Company’s actual sales returns have not been materially different from management’s original estimates.

Estimated Credit Losses (Notes)

Estimated Credit Losses (Notes)	6 Months Ended
	Jun. 30, 2020
Estimated Credit Losses [Abstract]
Estimated Credit Losses	Note 4. Estimated Credit Losses The Company's trade accounts receivable are recorded at net realizable value, which includes an appropriate allowance for estimated credit losses, as well as reserves related to product returns and sales programs as described in Note 3. Under ASC Topic 326, the “expected credit loss” model replaces the “incurred loss” model and requires consideration of a broader range of information to estimate expected credit losses over the life of the asset. The Company's prior methodology for estimating credit losses on trade accounts receivable did not differ significantly from the new requirements of ASC 326. Specific allowance amounts are established to record the appropriate provision for customers that have a higher probability of default. An estimate of credit losses for the remaining customers in the aggregate is based upon historical bad debts, current customer receivable balances, age of customer receivable balances, the customers' financial condition, all of which are subject to change. Additionally, the Company’s monitoring activities now consider future reasonable and supportable forecasts of economic conditions to adjust all general reserve percentages as necessary. Balances are written off when determined to be uncollectible. The Company considered the current and expected future economic and market conditions surrounding the COVID-19 pandemic and determined, based on current information, that the estimate of credit losses as of June 30, 2020 was not significantly impacted. Actual uncollected amounts have historically been consistent with the Company’s expectations. The Company's payment terms on its receivables from customers are generally 60 days or less. The following table provides a reconciliation of the activity related to the Company’s allowance for estimated credit losses (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 (in thousands) Beginning balance as of January 1 $ 6,140 $ 5,474 $ 5,992 $ 5,610 Adjustment due to the adoption of Topic 326 — — 289 — Provision for credit losses 3,619 265 3,632 142 Write-off of uncollectible amounts, net of recoveries (815 ) (240 ) (969 ) (253 ) Ending balance as of June 30 $ 8,944 $ 5,499 $ 8,944 $ 5,499

Business Combinations

Business Combinations	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Business Combinations	Note 5. Business Combinations Acquisition of JW Stargazer Holding GmbH In January 2019, the Company completed the acquisition of JW Stargazer Holding GmbH, the owner of the international, premium outdoor apparel, gear and accessories brand, Jack Wolfskin, for €457,394,000 (including cash acquired of €50,984,000 ) or approximately $521,201,000 (including cash acquired of $58,096,000 ) (using the exchange rate in effect on the acquisition date), subject to working capital adjustments. The Company financed the acquisition with a Term Loan B facility in the aggregate principal amount of $480,000,000 (see Note 6 ). Jack Wolfskin designs premium outdoor apparel, gear and accessories targeted at the active outdoor and urban outdoor customer categories. This acquisition further enhanced the Company's lifestyle category and provides a platform for future growth in the active outdoor and urban outdoor categories, which the Company believes are complementary to its portfolio of brands and product capabilities. In addition, the Company anticipates it will realize synergies with respect to supply chain operations as well as warehousing and distribution activities. The Company allocated the purchase price to the net identifiable tangible and intangible assets acquired and liabilities assumed based on their estimated fair values as of the date of acquisition. The excess of the purchase price over the estimated fair value of the net assets and liabilities was allocated to goodwill. The Company determined the estimated fair values after review and consideration of relevant information as of the acquisition date, including discounted cash flows, quoted market prices and estimates made by management. The allocation of the purchase price presented below was based on management's estimate of the fair values of the acquired assets and assumed liabilities using valuation techniques including income, cost and market approaches. These valuation techniques incorporate the use of expected future revenues, cash flows and growth rates as well as estimated discount rates. Current and noncurrent assets and liabilities are valued at historical carrying values, which approximates fair value. Inventory was valued using the net realizable value approach, which was based on the estimated selling price in the ordinary course of business less reasonable disposal costs and a profit on the disposal efforts. The customer and distributor relationships were valued under the income approach based on the present value of future earnings. The Company amortizes the fair value of these relationships over a 10-year period. The trade name was valued under the royalty savings income approach method, which is equal to the present value of the after-tax royalty savings attributable to owning the trade name as opposed to paying a third party for its use. For this valuation the Company used a royalty rate of 5.0% , which is reflective of royalty rates paid in market transactions, and a discount rate of 10.0% on the future cash flows generated by the net after-tax savings. The goodwill of $150,180,000 arising from the acquisition consists largely of the synergies that were expected from combining the operations of the Company and Jack Wolfskin. Due to the recent significant business disruptions and challenges caused by the COVID-19 pandemic, the Company performed a quantitative assessment of goodwill and determined that the goodwill associated with its Jack Wolfskin reporting unit was impaired. As a result, the Company recorded an impairment charge of $148,375,000 in the second quarter of 2020, in addition to an impairment charge of $25,894,000 related to the Jack Wolfskin trade name (see Note 9). As of December 31, 2019, the Company completed its evaluation of information that existed as of the acquisition date and finalized the purchase price allocation of the underlying acquired assets and liabilities. The resulting adjustments were offset against goodwill. The final assessment included the completion of the market analysis of the operating leases assumed, and the completion of the fair value assessment of the deferred taxes acquired. As a non-taxable stock acquisition, the value attributable to the acquired intangible assets and goodwill are not tax deductible, accordingly, the Company recognized a net deferred tax liability of $77,079,000 , including a valuation reserve of $8,281,000 on certain deferred tax assets. In addition, the Company recognized certain adjustments on income taxes receivable and long-term income taxes payable. The Company's final assessment also included adjustments related to certain sales returns reserves and inventory obsolescence reserves, and adjustments to the useful lives of certain property, plant and equipment. All of the goodwill was assigned to the Apparel, Gear and Other operating segment. In connection with the acquisition, during the year ended December 31, 2019, the Company recognized transaction costs of approximately $9,987,000 , of which $1,603,000 and $4,723,000 was recognized in general and administrative expenses during the three and six months ended June 30, 2019. There were no transaction costs incurred during the three and six months ended June 30, 2020 . In addition, the Company recorded a loss of $3,215,000 in other income (expense) in the first quarter of 2019 upon the settlement of a foreign currency forward contract to mitigate the risk of foreign currency fluctuations on the purchase price, which was denominated in Euros (EUR). The following table summarizes the fair values of the assets acquired and liabilities assumed as of the acquisition date based on the purchase price allocation (in thousands): At January 4, 2019 Assets Acquired Cash $ 58,096 Accounts receivable 26,637 Inventories 94,504 Income tax receivable 6,588 Other current assets 11,483 Property and equipment 20,930 Operating lease right-of-use assets 120,865 Deferred tax assets 2,930 Other assets 23 Intangibles - trade name (1) 239,295 Intangibles - retail partners & distributor relationships 38,743 Goodwill (1) 150,180 Total assets acquired 770,274 Liabilities Assumed Accounts Payable and accrued liabilities 46,124 Income taxes payable, long-term 2,416 Operating lease liabilities 120,524 Deferred tax liabilities 80,009 Net assets acquired $ 521,201 (1) In the second quarter of 2020, the Company wrote down goodwill and the Jack Wolfskin trade name to their fair values, which resulted in impairment charges of $148,375,000 and $25,894,000 , respectively (see Note 9).

Financing Arrangements

Financing Arrangements	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Financing Arrangements	Note 6. Financing Arrangements In addition to cash on hand, as well as cash generated from operations, the Company relies on its primary and Japan asset-based revolving credit facilities to manage seasonal fluctuations in liquidity and to provide additional liquidity when the Company’s operating cash flows are not sufficient to fund the Company’s requirements. As of June 30, 2020 , the Company had $55,551,000 outstanding under these facilities and $164,416,000 in cash and cash equivalents. As of June 30, 2020 , the Company's available liquidity, which is comprised of cash on hand and amounts available under both facilities, after letters of credit and outstanding borrowings, was $483,110,000 . As of June 30, 2019 , the Company had $165,467,000 outstanding under these facilities, $1,177,000 in outstanding letters of credit, and $81,490,000 in cash and cash equivalents. As of June 30, 2019 , the Company's available liquidity, which is comprised of cash on hand and amounts available under both facilities, after letters of credit and outstanding borrowings, was $273,387,000 . Primary Asset-Based Revolving Credit Facility In May 2019, the Company amended and restated its primary credit facility (the Fourth Amended and Restated Loan and Security Agreement, as amended in August 2019, March 2020 and April 2020) with Bank of America N.A. and other lenders (the “ABL Facility”), which provides a senior secured asset-based revolving credit facility of up to $400,000,000 , comprised of a $260,000,000 U.S. facility, a $70,000,000 German facility, a $25,000,000 Canadian facility and a $45,000,000 United Kingdom facility, in each case subject to borrowing base availability under the applicable facility. The amounts outstanding under the ABL Facility are secured by certain assets, including cash (to the extent pledged by the Company), certain intellectual property, certain eligible real estate, inventory and accounts receivable of the Company’s subsidiaries in the United States, Germany, Canada and the United Kingdom. The real estate and intellectual property components of the borrowing base under the ABL Facility are both amortizing. The amount available for the real estate portion is reduced quarterly over a 15-year period, and the amount available for the intellectual property portion is reduced quarterly over a 3-year period. In March 2020, the Company amended the ABL Facility to add a stretch loan sub-facility of up to $30,000,000 and the loans thereunder, which may be borrowed pursuant to one borrowing at any time prior to September 30, 2020. As of June 30, 2020, the Company did not utilize the stretch loan sub-facility and terminated it with the lenders. As of June 30, 2020 , the Company had $27,756,000 in borrowings outstanding under the ABL Facility. Amounts available under the ABL Facility fluctuate with the general seasonality of the business and increase and decrease with changes in the Company’s inventory and accounts receivable balances. With respect to the Company's Golf Equipment business, inventory balances are generally higher in the fourth and first quarters, primarily to meet demand during the height of the golf season, and accounts receivable are generally higher during the first half of the year when sales are higher. Average outstanding borrowings during the six months ended June 30, 2020 were $188,559,000 , and average amounts available under the ABL Facility during the six months ended June 30, 2020 , after outstanding borrowings and letters of credit, was approximately $160,432,000 . Amounts borrowed under the ABL Facility may be repaid and borrowed as needed. The entire outstanding principal amount (if any) is due and payable in May 2024 . The ABL Facility includes certain restrictions including, among other things, restrictions on the incurrence of additional debt, liens, stock repurchases and other restricted payments, asset sales, investments, mergers, acquisitions and affiliate transactions. In April 2020, the Company amended the ABL Facility to permit a customary capped call transaction (see "Convertible Senior Notes" below) in connection with the issuance of convertible debt securities by the Company and to permit the Company to incur loans or financial assistance of up to $50,000,000 pursuant to governmental programs enacted due to the COVID-19 outbreak. In addition, the ABL Facility imposes restrictions on the amount the Company could pay in annual cash dividends, including certain restrictions on the amount of additional indebtedness and requirements to maintain a certain fixed charge coverage ratio under certain circumstances. As of June 30, 2020 , the Company was in compliance with all financial covenants of the ABL Facility. Additionally, the Company is subject to compliance with a fixed charge coverage ratio covenant of at least 1.0 to 1.0 during, and continuing 30 days after, any period in which the Company’s borrowing base availability, as amended, falls below 10% of the maximum facility amount or $40,000,000 . The Company’s borrowing base availability was above $40,000,000 during the six months ended June 30, 2020 , and the Company was in compliance with the fixed charge coverage ratio as of June 30, 2020 . Had the Company not been in compliance with the fixed charge coverage ratio as of June 30, 2020 , the maximum amount of additional indebtedness that could have been outstanding on June 30, 2020 would have been reduced by $40,000,000 . The interest rate applicable to outstanding loans under the ABL Facility fluctuates depending on the Company’s “availability ratio," which is expressed as a percentage of (i) the average daily availability under the ABL Facility to (ii) the sum of the Canadian, the German, the U.K. and the U.S. borrowing bases, as adjusted. At June 30, 2020 the Company’s trailing 12 month average interest rate applicable to its outstanding loans under the ABL Facility was 3.93% . Additionally, the ABL Facility provides for monthly fees of 0.25% of the unused portion of the ABL Facility. The fees incurred in connection with the origination and amendment of the ABL Facility totaled $3,526,000 , which are amortized into interest expense over the term of the ABL Facility agreement. Unamortized origination fees at June 30, 2020 and December 31, 2019 were $1,957,000 and $2,115,000 , respectively, of which $824,000 and $746,000 , respectively, were included in other current assets and $1,134,000 and $1,369,000 , respectively, were included in other long-term assets in the accompanying consolidated condensed balance sheets. Japan ABL Facilities In January 2018, the Company refinanced the asset-based loan agreement between its subsidiary in Japan and The Bank of Tokyo-Mitsubishi UFJ, Ltd (the "2018 Japan ABL Facility"), which provides a credit facility of up to 4,000,000,000 Yen (or U.S. $37,060,000 , using the exchange rate in effect as of June 30, 2020 ) over a three-year term, subject to borrowing base availability under the 2018 Japan ABL Facility. The amounts outstanding are secured by certain assets, including eligible inventory and eligible accounts receivable. The Company had 3,000,000,000 Yen (or U.S. $27,795,000 , using the exchange rate in effect as of June 30, 2020 ) in borrowings outstanding under the 2018 Japan ABL Facility as of June 30, 2020 . The 2018 Japan ABL Facility also includes certain restrictions including covenants related to certain pledged assets and financial performance metrics. As of June 30, 2020 , the Company was in compliance with these covenants. The 2018 Japan ABL Facility is subject to an effective interest rate equal to the Tokyo Interbank Offered Rate (TIBOR) plus 0.80%. The average interest rate under the 2018 Japan ABL Facility during 2020 was 0.87% . The 2018 Japan ABL Facility expires in January 2021. On July 31, 2019, the Company entered into a new one-year asset-based loan facility ("2019 Japan ABL Facility" and collectively with the 2018 Japan ABL Facility, the "Japan ABL Facility") between its subsidiary in Japan and MUFG Bank, Ltd. for 2,000,000,000 Yen, (or approximately U.S. $18,530,000 using the exchange rate in effect as of June 30, 2020 ). The Company had no borrowings outstanding under the 2019 Japan ABL Facility as of June 30, 2020 . The amounts outstanding are secured by certain assets, including eligible inventory and eligible accounts receivable. The 2019 Japan ABL Facility is subject to an effective interest rate equal to the TIBOR plus 1.0%, and is subject to certain restrictions including covenants related to certain pledged assets and financial performance metrics. The average interest rate under the 2019 Japan ABL Facility during 2020 was 1.07% . Long-Term Debt Equipment Notes In connection with the Company's investment initiatives to improve its manufacturing capabilities at its golf ball manufacturing facility in Chicopee, Massachusetts, the Company entered into a series of long-term financing agreements (the "Equipment Notes") with Bank of America N.A. and other lenders between December 2017 and March 2020, that are secured by certain equipment at this facility. As of June 30, 2020 and December 31, 2019, the Company had a combined $26,754,000 and $19,715,000 outstanding under these Equipment Notes, respectively, of which $6,550,000 and $5,107,000 was included in current liabilities, respectively, and $20,204,000 and $14,608,000 was included in long-term debt, respectively, in the accompanying Consolidated Condensed Balance Sheets. The Equipment Notes accrue interest in the range of 3.21% and 3.79% , and have maturity dates between December 2022 and March 2027. During the three and six months ended June 30, 2020 , the Company recognized interest expense of $212,000 and $377,000 , respectively, and during the three and six months ended June 30, 2019, the Company recognized interest expense of $84,000 and $173,000 , respectively. The Equipment Notes are subject to compliance with the financial covenants in the Company's ABL Facility. As of June 30, 2020 , the Company was in compliance with these covenants. Term Loan B Facility In January 2019, to fund the purchase price of the Jack Wolfskin acquisition, the Company entered into a Credit Agreement (the “Credit Agreement”) with Bank of America, N.A and other lenders party to the Credit Agreement (the "Term Lenders"). The Credit Agreement provides for a Term Loan B facility (the “Term Loan Facility”) in an aggregate principal of $480,000,000 , which was issued less $9,600,000 in original issue discount and other transaction fees. Such principal amount may be increased pursuant to incremental facilities in the form of additional tranches of term loans or new commitments, up to a maximum incremental amount of $225,000,000 , or an unlimited amount subject to compliance with a first lien net leverage ratio of 2.25 to 1.00. The Term Loan Facility is due in January 2026. As of June 30, 2020 and December 31, 2019 , the Company had $444,000,000 and $446,400,000 , respectively, outstanding under the Term Loan Facility, of which $4,800,000 is reflected in current liabilities. The amount outstanding as of June 30, 2020 was offset by unamortized debt issuance costs of $14,835,000 , of which $2,697,000 was reflected in the short-term portion of the facility, and $12,138,000 was reflected in the long-term portion of the facility in the accompanying consolidated condensed balance sheet. Total interest and amortization expense recognized during the three months ended June 30, 2020 and 2019 was $6,320,000 and $9,062,000 , respectively. Total interest and amortization expense recognized during the six months ended June 30, 2020 and 2019 was $13,770,000 and $17,842,000 , respectively. Loans under the Term Loan Facility are subject to interest at a rate per annum equal to either, at the Company's option, the LIBOR rate or the base rate, plus 4.50% or 3.50% , respectively. Principal payments of $1,200,000 are due quarterly, however the Company has the option to prepay any outstanding loan balance in whole or in part without premium or penalty. In addition, the Term Loan Facility requires excess cash flow payments beginning after December 31, 2019. In order to mitigate the risk of interest rate fluctuations under the Term Loan Facility and foreign exchange fluctuations on a EUR denominated intercompany loan, the Company converted $200,357,000 of principal into €176,200,000 , and entered into a cross-currency swap combined with an interest rate hedge with the lenders party to the Credit Agreement to swap the floating rate of LIBOR plus 4.50% to a fixed rate of 4.60% . During the six months ended June 30, 2020, in response to the adverse effects of the COVID-19 pandemic on global markets, the Company decided to unwind the cross-currency swap associated with the EUR denominated intercompany loan. As of June 30, 2020, the Company decided to maintain the interest rate hedge associated with the USD denominated Term Loan Facility. For further information on these hedging contracts, see Note 17. Loans outstanding under this facility are guaranteed by the Company's domestic subsidiaries. The loans and guaranties are secured by substantially all the assets of the Company and guarantors. The Credit Agreement contains a cross-default provision with respect to any indebtedness of the Company as defined in the Credit Agreement, as well as customary representations and warranties and customary affirmative and negative covenants, including, among other things, restrictions on incurrence of additional debt, liens, dividends and other restricted payments, asset sales, investments, mergers, acquisitions and affiliate transactions. Events of default permitting acceleration under the Credit Agreement include, among others, nonpayment of principal or interest, covenant defaults, material breaches of representations and warranties, bankruptcy and insolvency events, certain cross defaults or a change of control. As of June 30, 2020 , the Company was in compliance with these covenants. Convertible Senior Notes On May 4, 2020, the Company issued $258,750,000 of 2.75% Convertible Senior Notes (the “Convertible Notes”). The Convertible Notes bear interest at a rate of 2.75% per annum on the principal amount, payable semi-annually in arrears on May 1 and November 1 of each year, beginning on November 1, 2020. The Convertible Notes will mature on May 1, 2026, unless earlier redeemed or repurchased by the Company or converted. The Convertible Notes are structurally subordinated to all existing and future indebtedness and other liabilities, including trade payables, and (to the extent the Company is not a holder thereof) preferred equity, if any, of the Company’s subsidiaries. As of June 30, 2020, the Company incurred $8,537,000 of cost associated with the issuance of the Convertible Notes, of which $6,013,000 was allocated to the liability component of the Convertible Notes, and $2,524,000 was allocated to the equity conversion feature. As of June 30, 2020, the net carrying amount of the liability component of the Convertible Notes was $177,847,000 , net of unamortized debt issuance costs of $5,895,000 and debt discount of $75,008,000 , which will be amortized over the remaining term of approximately 5.8 years. The conversion feature of $76,508,000 and the allocated debt issuance costs of $2,524,000 were recorded as components of shareholders' equity as of June 30, 2020. Upon conversion, the Company has the option to settle the conversion obligation in any combination of cash and shares. The initial conversion rate is 56.7698 shares of the Company's common stock per $1,000 principal amount of Convertible Notes, which is equal to an initial conversion price of $17.62 per share. At June 30, 2020, the if-converted value of the Convertible Notes did no t exceed the principal amount. In connection with the pricing of the Convertible Notes on April 29, 2020, the Company paid $31,775,000 to enter into privately negotiated capped call transactions ("Capped Calls") with Goldman Sachs & Co. LLC, Bank of America, N.A. and Morgan Stanley & Co. LLC as well as with each of the Option Counterparties. The Capped Calls cover the aggregate number of shares of the Company’s common stock that initially underlie the Convertible Notes, and are expected generally to reduce the potential dilution to the Company’s common stock upon any conversion of the Convertible Notes, and/or offset any cash payments the Company is required to make in excess of the principal amount of converted Convertible Notes, with such reduction and/or offset subject to a cap based on the cap price. The cap price of the Capped Calls is initially $27.10 . The Capped Calls are recorded as a reduction to additional paid-in capital and are not accounted for as derivatives. The Convertible Notes will not have an impact on the Company’s diluted earnings per share until the average market price of its common stock exceeds the conversion price of $17.62 per share, as the Company intends to settle the principal amount of the Convertible Notes in cash upon conversion. The Company is required under the treasury stock method to compute the potentially dilutive shares of common stock related to the Convertible Notes for periods the Company reports net income. However, upon conversion, there will be no economic dilution from the Convertible Notes until the average market price of the Company’s common stock exceeds the cap price of $27.10 per share, as exercise of the Capped Calls offsets any dilution from the Convertible Notes from the conversion price up to the cap price. Capped Calls are excluded from the calculation of diluted earnings per share, as they would be anti-dilutive under the treasury stock method. The following table presents the Company's combined aggregate amount of maturities for its Equipment Notes, Term Loan Facility and the Convertible Notes over the next five years and thereafter as of June 30, 2020 . Amounts payable under the Term Loan Facility included below represent the minimum principal repayment obligations. As of June 30, 2020 , the Company does not anticipate excess cash flow repayments as defined by the Term Loan Facility. (in thousands) Remainder of 2020 $ 7,132 2021 11,297 2022 11,519 2023 9,107 2024 8,290 Thereafter 687,585 $ 734,930

Earnings (Loss) per Common Shar

Earnings (Loss) per Common Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings per Common Share	Note 7. Earnings per Common Share Basic earnings per common share is computed by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted earnings per common share takes into account the potential dilution that could occur if outstanding securities were exercised. Dilutive securities are included in the calculation of diluted earnings per common share using the treasury stock method in accordance with ASC Topic 260, “Earnings per Share.” Dilutive securities include outstanding stock options, restricted stock units and performance share units granted to employees and non-employee directors (see Note 15 ). Weighted-average common shares outstanding—diluted is the same as weighted-average common shares outstanding—basic in periods when a net loss is reported or in periods when anti-dilution occurs. The following table summarizes the computation of basic and diluted earnings per share (in thousands, except per share data): Three Months Ended Six Months Ended 2020 2019 2020 2019 Earnings (loss) per common share—basic Net income (loss) attributable to Callaway Golf Company $ (167,684 ) $ 28,931 $ (138,790 ) $ 77,578 Weighted-average common shares outstanding—basic 94,141 94,074 94,225 94,377 Basic earnings (loss) per common share $ (1.78 ) $ 0.31 $ (1.47 ) $ 0.82 Earnings (loss) per common share—diluted Net income (loss) attributable to Callaway Golf Company $ (167,684 ) $ 28,931 $ (138,790 ) $ 77,578 Weighted-average common shares outstanding—basic 94,141 94,074 94,225 94,377 Outstanding options, restricted stock units and performance share units — 1,817 — 1,776 Weighted-average common shares outstanding—diluted 94,141 95,891 94,225 96,153 Diluted earnings (loss) per common share $ (1.78 ) $ 0.30 $ (1.47 ) $ 0.81 For the three and six months ended June 30, 2020 securities outstanding totaling approximately 1,153,000 and 1,260,000 shares, respectively, comprised of stock options, restricted stock units and performance share units, were excluded from the calculation of earnings (loss) per common share—diluted as they would be anti-dilutive. For the three and six months ended June 30, 2019 , the Company had a nominal number of securities that had an anti-dilutive effect on the calculation of diluted earnings per common share. Such securities were excluded from the calculation. In May 2020, the Company issued $258,750,000 of 2.75% Convertible Senior Notes ("Convertible Notes"). The Convertible Notes will not have an impact on the Company’s diluted earnings per share until the average market price of its common stock exceeds the conversion price of $17.62

Inventories

Inventories	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Inventories	Note 8. Inventories Inventories are summarized below (in thousands): June 30, December 31, 2019 Inventories: Raw materials $ 69,959 $ 76,140 Work-in-process 997 860 Finished goods 308,213 379,639 $ 379,169 $ 456,639

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Note 9. Goodwill and Intangible Assets Goodwill at June 30, 2020 decreased to $55,579,000 from $203,743,000 at December 31, 2019 . This $148,164,000 decrease was due to an impairment charge of $148,375,000 recognized in the second quarter of 2020, offset by changes in foreign currency rates period over period. The Company's goodwill is reported in both the Golf Equipment and Apparel, Gear and Other operating segments (see Note 19 ). In accordance with ASC Topic 350, “Intangibles—Goodwill and Other,” the Company’s goodwill and non-amortizing intangible assets are subject to an annual impairment test or more frequently when impairment indicators are present. During the second quarter of 2020, the Company performed a qualitative assessment of goodwill impairment indicators, considering macroeconomic conditions related to the COVID-19 pandemic and its potential impact to sales and operating income for the remainder of fiscal 2020. The Company expects the duration of the COVID-19 pandemic and the continued impact of global travel restrictions, government shutdowns of non-essential businesses and disruptions to its supply chain and distribution channels to result in lower revenue and operating income for the remainder of fiscal 2020 and potentially beyond. As a result, the Company determined that there were indicators of impairment, and proceeded with a quantitative assessment of goodwill for all reporting units during the second quarter. In performing the second quarter quantitative goodwill impairment testing, the Company prepared valuations of reporting units using both a market comparable methodology and an income methodology, and those valuations were compared with the respective carrying values of the reporting units to determine whether any goodwill impairment existed. The Company's reporting units are one level below its reportable segment level. In preparing the valuations, past, present and future expectations of performance were considered, including the impact of the COVID-19 pandemic. This methodology was consistent with the approach used to perform the annual quantitative goodwill assessment in prior years. The weighted average cost of capital used in the goodwill impairment testing ranged between 9.0% and 9.25%, which was derived from the financial structures of comparable companies corresponding to the industry of each reporting unit. There is inherent uncertainty associated with key assumptions used in the Company's impairment testing, including the duration of the economic downturn associated with the COVID-19 pandemic and the recovery period. As a result of the second quarter assessment, the Company determined that the fair value for one reporting unit was less than its carrying value, and therefore recognized a goodwill impairment loss of $148,375,000 in the second quarter of 2020. The expected decline in revenue due to the impact of COVID-19 contributed to the lower fair value of the Jack Wolfskin reporting unit, which is included in the Apparel, Gear and Other operating segment. The Company determined that the goodwill relating to its other reporting units was not impaired as the fair value significantly exceeded the carrying value at June 30, 2020. In addition, the Company determined that the trade name intangible asset related to Jack Wolfskin was also impaired and recognized an impairment loss of $25,894,000 in the second quarter of 2020. The carrying value of intangible assets after the impairment was $428,439,000 at June 30, 2020. The following sets forth the intangible assets by major asset class (dollars in thousands): Useful Life (Years) June 30, 2020 December 31, 2019 Gross (1) Accumulated Amortization Net Book Value Gross Accumulated Amortization Net Book Value Indefinite-lived: Trade name, trademark, trade dress and other NA $ 428,439 $ — $ 428,439 $ 453,837 $ — $ 453,837 Amortizing: Patents 2-16 31,581 31,581 — 31,581 31,581 — Customer and distributor relationships and other 1-10 54,304 17,047 37,257 53,904 14,318 39,586 Total intangible assets $ 514,324 $ 48,628 $ 465,696 $ 539,322 $ 45,899 $ 493,423 (1) The gross balance of intangible assets as of June 30, 2020 includes an increase due to the impact of foreign exchange rates of $496,000 on the Jack Wolfskin non-amortizing intangible asset, as well as $64,000 on the amortizing customer and distributor relationships. Aggregate amortization expense on intangible assets was approximately $1,213,000 and $1,246,000 for the three months ended June 30, 2020 and 2019 , respectively, and $2,393,000 and $2,466,000 for the six months ended June 30, 2020 and 2019 , respectively. Amortization expense related to intangible assets at June 30, 2020 in each of the next five fiscal years and beyond is expected to be incurred as follows (in thousands): Remainder of 2020 $ 2,391 2021 4,724 2022 4,548 2023 4,409 2024 4,409 Thereafter 16,776 $ 37,257

Joint Venture

Joint Venture	6 Months Ended
	Jun. 30, 2020
Noncontrolling Interest [Abstract]
Joint Venture	Note 10. Joint Venture The Company had a joint venture in Japan, Callaway Apparel K.K., with its long-time apparel licensee, TSI Groove & Sports Co, Ltd., ("TSI") for the design, manufacture and distribution of Callaway-branded apparel, footwear and headwear in Japan. In July 2016, the Company contributed $10,556,000 , primarily in cash, for a 52% ownership of the joint venture, and TSI contributed $9,744,000 , primarily in inventory, for the remaining 48% . In May 2019, the Company entered into a stock purchase agreement with TSI to acquire the remaining shares comprising the 48% ownership in Callaway Apparel K.K. for 2 billion Yen, or approximately $18,538,000 (using the exchange rate in effect on the acquisition date). The purchase was completed as of May 31, 2019 and, pursuant to the stock purchase agreement, the purchase price was paid in August 2019. As of June 30, 2020 , the Company owned 100% of this entity and controlled all matters pertaining to its business operations and significant management decisions. Callaway Apparel K.K. is consolidated one month in arrears. During the three and six months ended June 30, 2019, the Company recorded a net loss attributable to the non-controlling interest of $33,000 and $179,000 , respectively, in its consolidated condensed statements of operations. As a result of the acquisition, the Company did not recognize net income attributable to non-controlling interests during the three and six months ended June 30, 2020 .

Investments

Investments	6 Months Ended
	Jun. 30, 2020
Investments, All Other Investments [Abstract]
Investments	Note 11. Investments Investment in Topgolf International, Inc. The Company owns a minority interest of approximately 14.0% in Topgolf International, Inc. doing business as the Topgolf Entertainment Group ("Topgolf"), the owner and operator of Topgolf entertainment centers, which ownership consists of common stock and various classes of preferred stock. In connection with this investment, the Company has a preferred partner agreement with Topgolf in which the Company has preferred signage rights, rights as the preferred supplier of golf products used or offered for use at Topgolf facilities at prices no less than those paid by the Company’s customers, preferred retail positioning in Topgolf retail stores, and other rights incidental to those listed above. Topgolf is a privately held company, and as such, the common and preferred shares comprising the Company’s investment are illiquid and their fair value is not readily determinable. The Company accounts for changes in fair value in accordance with ASU No. 2016-01, which requires equity securities without a readily determinable fair value to be measured at cost, less impairments if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or similar investment of the same issuer. There were no additional investments by the Company in Topgolf in each of the three and six months ended June 30, 2020 and 2019. The Company's total investment in Topgolf as of both June 30, 2020 and December 31, 2019 was $90,134,000 . Since the adoption of ASU 2016-01, there were no observable transactions which would provide an estimate of fair value. As such, at June 30, 2020 and December 31, 2019, the Company's investment in Topgolf is reflected at cost less impairments in accordance with ASU No. 2016-01. In May 2020, due to the business disruptions caused by the COVID-19 pandemic, which resulted in the temporary closure of Topgolf facilities worldwide, the Company, in combination with other shareholders of Topgolf, issued Topgolf a note receivable to assist with working capital requirements. The Company's pro rata share of the note receivable was $6,542,000 , which was issued net of a 20% discount and reimbursable legal fees, accrues interest at 5.87% and matures in February 2026. The note receivable was recorded in other assets in the Consolidated Condensed Balance Sheet as of June 30, 2020. As of June 30, 2020 , the Company has not recorded any impairments with respect to this investment. If in the future there is an observable price change as a result of an orderly transaction for the identical or similar investment in Topgolf, the Company would be required to assess the fair value impact, if any, on each identified or similar class of Topgolf stock held by the Company, and write such stock up or down to its estimated fair value, which could have a material effect on the Company's financial position and results of operations.

Product Warranty

Product Warranty	6 Months Ended
	Jun. 30, 2020
Guarantees [Abstract]
Product Warranty	Note 12. Product Warranty The Company has a stated two-year warranty policy for its golf clubs and certain Jack Wolfskin gear, as well as a limited lifetime warranty for its OGIO line of products. The Company’s policy is to accrue the estimated cost of satisfying future warranty claims at the time the sale is recorded. In estimating its future warranty obligations, the Company considers various relevant factors, including the Company’s stated warranty policies and practices, the historical frequency of claims, and the cost to replace or repair its products under warranty. The Company’s estimates for calculating the warranty reserve are principally based on assumptions regarding the warranty costs of each product line over the expected warranty period. Where little or no claims experience may exist, the Company’s warranty obligation calculation is based upon long-term historical warranty rates of similar products until sufficient data is available. As actual model-specific rates become available, the Company’s estimates are modified to reflect the range of likely outcomes. The warranty provision for the three and six months ended June 30, 2020 and June 30, 2019 includes the warranty reserves assumed in connection with the Jack Wolfskin acquisition (see Note 5 ). The following table provides a reconciliation of the activity related to the Company’s reserve for warranty expense (in thousands): Three Months Ended June 30, Six Months Ended 2020 2019 2020 2019 Beginning balance $ 9,791 $ 10,783 $ 9,636 $ 7,610 Provision 1,562 2,127 3,370 4,606 Provision liability assumed from acquisition — 273 — 2,600 Claims paid/costs incurred (1,574 ) (2,207 ) (3,227 ) (3,840 ) Ending balance $ 9,779 $ 10,976 $ 9,779 $ 10,976

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 13. Income Taxes The Company calculates its interim income tax provision in accordance with ASC Topic 270, “Interim Reporting,” and ASC Topic 740 “Accounting for Income Taxes.” At the end of each interim period, the Company estimates its annual effective tax rate and applies that rate to its ordinary quarterly earnings to calculate the tax related to ordinary income. The tax effects for other items that are excluded from ordinary income are discretely calculated and recognized in the period in which they occur. In January 2019, the Company acquired Jack Wolfskin for approximately $521,201,000 (including cash acquired of $58,096,000 ). The Company recorded a deferred tax liability of $88,392,000 related to the intangibles upon acquisition in addition to $11,384,000 deferred tax assets acquired (see Note 5 ). In the second quarter of 2020, due to a decline in projected revenues caused by COVID-19, the Company recognized an impairment charge of $174,269,000 to write down the goodwill and trade name associated with Jack Wolfskin to its fair value (see Note 9 ). This impairment was excluded from ordinary income and discretely calculated in the income tax provision in the second quarter of 2020. The impaired goodwill was comprised of book basis over tax basis with no corresponding deferred tax liability. The brand value impairment resulted in the reduction of approximately $7,900,000 of the deferred tax liability previously recorded as part of acquisition accounting. The realization of deferred tax assets, including loss and credit carryforwards, is subject to the Company generating sufficient taxable income during the periods in which the deferred tax assets become realizable. Due to the Company’s historical profitability, combined with future projections of profitability, the Company has determined that the majority of its U.S. deferred tax assets are more likely than not to be realized. The valuation allowance on the Company’s U.S. deferred tax assets as of June 30, 2020 primarily relates to state net operating loss carryforwards and credits that the Company estimates it may not be able to utilize in future periods. With respect to Jack Wolfskin and previously existing non-U.S. entities, there continues to be sufficient positive evidence to conclude that realization of its deferred tax assets is more likely than not under applicable accounting rules, and therefore no significant valuation allowances have been established. The Company has considered the business disruption impacts from the COVID-19 pandemic and determined that this hasn’t impacted the realization of its deferred tax assets. As this is a dynamically evolving business disruption, the Company will continue to evaluate the COVID-19-related impacts on the realization of its deferred tax assets as new information becomes available. The Company recorded an income tax benefit of $7,931,000 and an income tax provision of $7,208,000 for the three months ended June 30, 2020 and 2019 , respectively, and an income tax provision of $1,220,000 and $16,764,000 for the six months ended June 30, 2020 and 2019 , respectively. The decrease in the provision was primarily due to the reduction of earnings caused by the COVID-19 pandemic and the impairment of the Jack Wolfskin goodwill and trade name in June 2020. As a percentage of pre-tax income, the Company's effective tax rate decreased to 4.5% in the second quarter of 2020 compared to 20.0% in the second quarter of 2019 , primarily due to the reduction of earnings caused by the COVID-19 pandemic and the impairment of the Jack Wolfskin goodwill and trade name in the second quarter of 2020. At June 30, 2020 , the gross liability for income taxes associated with uncertain tax positions was $27,117,000 . Of this amount, $11,424,000 would benefit the Company’s consolidated condensed financial statements and effective income tax rate if favorably settled. The unrecognized tax liabilities are expected to decrease by approximately $404,000 during the next 12 months. The gross liability for uncertain tax positions increased by $737,000 and $1,124,000 for the three and six months ended June 30, 2020 , respectively, primarily due to increases in tax positions taken during the current quarter. The Company recognizes interest and penalties related to income tax matters in income tax expense. For the three months ended June 30, 2020 and 2019 , the Company's provision for income taxes includes an expense of $25,000 and a benefit of $221,000 , respectively, and an expense of $54,000 and a benefit of $189,000 , for the six months ended June 30, 2020 and 2019 , respectively, related to the recognition of interest and/or penalties. As of June 30, 2020 and December 31, 2019 , the gross amount of accrued interest and penalties included in income taxes payable in the accompanying consolidated condensed balance sheets was $1,723,000 and $1,669,000 , respectively. The Company files income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. The Company is generally no longer subject to income tax examinations by tax authorities in the following major jurisdictions: Tax Jurisdiction Years No Longer Subject to Audit U.S. federal 2010 and prior California (U.S.) 2008 and prior Germany 2014 and prior Japan 2013 and prior South Korea 2014 and prior United Kingdom 2015 and prior Pursuant to Section 382 of the Internal Revenue Code, use of the Company's net operating losses and credit carry-forwards may be limited significantly if the Company were to experience a cumulative change in ownership of the Company's stock by “5-percent shareholders” that exceeds 50% over a rolling three-year period. The Company does not believe there has been a cumulative change in ownership in excess of 50% during any rolling three-year period, and the Company continues to monitor changes in its ownership. If such a cumulative change did occur in any three-year period and the Company were limited in the amount of losses and credits it could use to offset its tax liabilities, the Company's results of operations and cash flows could be adversely impacted.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 14. Commitments & Contingencies Legal Matters The Company is subject to routine legal claims, proceedings, and investigations incident to its business activities, including claims, proceedings, and investigations relating to commercial disputes and employment matters. The Company also receives from time to time information claiming that products sold by the Company infringe or may infringe patent, trademark, or other intellectual property rights of third parties. One or more such claims of potential infringement could lead to litigation, the need to obtain licenses, the need to alter a product to avoid infringement, a settlement or judgment, or some other action or material loss by the Company, which also could adversely affect the Company’s overall ability to protect its product designs and ultimately limit its future success in the marketplace. In addition, the Company is occasionally subject to non-routine claims, proceedings, or investigations. The Company regularly assesses such matters to determine the degree of probability that the Company will incur a material loss as a result of such matters, as well as the range of possible loss. An estimated loss contingency is accrued in the Company’s financial statements if it is probable the Company will incur a loss and the amount of the loss can be reasonably estimated. The Company reviews all claims, proceedings, and investigations at least quarterly and establishes or adjusts any accruals for such matters to reflect the impact of negotiations, settlements, advice of legal counsel, and other information and events pertaining to a particular matter. All legal costs associated with such matters are expensed as incurred. Historically, the claims, proceedings, and investigations brought against the Company, individually and in the aggregate, have not had a material adverse effect on the consolidated results of operations, cash flows or financial position of the Company. The Company believes that it has valid legal defenses to the matters currently pending against the Company. These matters are inherently unpredictable and the resolutions of these matters are subject to many uncertainties and the outcomes are not predictable with assurance. Consequently, management is unable to estimate the ultimate aggregate amount of monetary loss, amounts covered by insurance, or the financial impact that will result from such matters. In addition, the Company cannot assure that it will be able to successfully defend itself in those matters, or that any amounts accrued are sufficient. The Company does not believe that the matters currently pending against the Company will have a material adverse effect on the Company's consolidated business, financial condition, cash flows, or results of operations on an annual basis. Unconditional Purchase Obligations During the normal course of its business, the Company enters into agreements to purchase goods and services, including purchase commitments for production materials, as well as endorsement agreements with professional athletes and other endorsers, employment and consulting agreements, and intellectual property licensing agreements pursuant to which the Company is required to pay royalty fees. It is not possible to determine the amounts the Company will ultimately be required to pay under these agreements as they are subject to many variables including performance-based bonuses, severance arrangements, the Company’s sales levels, and reductions in payment obligations if designated minimum performance criteria are not achieved. The amounts listed approximate minimum purchase obligations, base compensation, and guaranteed minimum royalty payments the Company is obligated to pay under these agreements. The actual amounts paid under some of these agreements may be higher or lower than the amounts included. In the aggregate, the actual amount paid under these obligations is likely to be higher than the amounts listed as a result of the variable nature of these obligations. The Company has entered into many of these contractual agreements with terms ranging from one to four years. The minimum obligation that the Company is required to pay as of June 30, 2020 under these agreements is $77,138,000 over the next four years as follows (in thousands): Remainder of 2020 $ 45,202 2021 20,252 2022 9,119 2023 2,440 2024 125 $ 77,138 In addition, the Company also enters into unconditional purchase obligations with various vendors and suppliers of goods and services in the normal course of operations through purchase orders or other documentation or that are undocumented except for an invoice. Such unconditional purchase obligations are generally outstanding for periods less than a year and are settled by cash payments upon delivery of goods and services and are not reflected in this total. Other Contingent Contractual Obligations During its normal course of business, the Company has made certain indemnities, commitments and guarantees under which it may be required to make payments in relation to certain transactions. These include (i) intellectual property indemnities to the Company’s customers and licensees in connection with the use, sale and/or license of Company product or trademarks, (ii) indemnities to various lessors in connection with facility leases for certain claims arising from such facilities or leases, (iii) indemnities to vendors and service providers pertaining to the goods and services provided to the Company or based on the negligence or willful misconduct of the Company and (iv) indemnities involving the accuracy of representations and warranties in certain contracts. In addition, the Company has consulting agreements that provide for payment of nominal fees upon the issuance of patents and/or the commercialization of research results. The Company has also issued guarantees in the form of standby letters of credit. The duration of these indemnities, commitments and guarantees varies, and in certain cases, may be indefinite. The majority of these indemnities, commitments and guarantees do not provide for any limitation on the maximum amount of future payments the Company could be obligated to make. Historically, costs incurred to settle claims related to indemnities have not been material to the Company’s financial position, results of operations or cash flows. In addition, the Company believes the likelihood is remote that payments under the commitments and guarantees described above will have a material effect on the Company’s consolidated financial statements. The fair value of indemnities, commitments and guarantees that the Company issued as of June 30, 2020 was not material to the Company’s financial position, results of operations or cash flows. Employment Contracts In addition, the Company has made contractual commitments to each of its officers and certain other employees providing for severance payments, including salary continuation, upon the termination of employment by the Company without substantial cause or by the officer for good reason or non-renewal. In addition, in order to assure that the officers would continue to provide independent leadership consistent with the Company’s best interest, the contracts also generally provide for certain protections in the event of a change in control of the Company. These protections include the payment of certain severance benefits, such as salary continuation, upon the termination of employment following a change in control.

Share-Based Employee Compensati

Share-Based Employee Compensation	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Share-Based Employee Compensation	Note 15. Share-Based Employee Compensation As of June 30, 2020 , the Company had two shareholder approved stock plans under which shares were available for equity-based awards: the Callaway Golf Company Amended and Restated 2004 Incentive Plan (the "2004 Incentive Plan") and the 2013 Non-Employee Directors Stock Incentive Plan (the "2013 Directors Plan"). From time to time, the Company grants stock options, restricted stock units, performance share units, phantom stock units, stock appreciation rights and other awards under these plans. The Company accounts for its share-based compensation arrangements in accordance with ASC Topic 718, which requires the measurement and recognition of compensation expense for all share-based payment awards to employees and directors based on estimated fair values, and ASU No. 2014-12 for stock awards that are subject to performance measures. ASC Topic 718 further requires a reduction in share-based compensation expense by an estimated forfeiture rate. The forfeiture rate used by the Company is based on historical forfeiture trends. If actual forfeiture rates are not consistent with the Company’s estimates, the Company may be required to increase or decrease compensation expenses in future periods. Restricted Stock Units Restricted stock units awarded under the 2004 Incentive Plan and the 2013 Directors Plan are valued at the Company’s closing stock price on the date of grant. Restricted stock units generally vest over a one- to five-year period. Compensation expense for restricted stock units is recognized on a straight-line basis over the vesting period and is reduced by an estimate for forfeitures. During the three months ended June 30, 2020 and 2019 , the Company granted 134,000 and 53,000 underlying restricted stock units, respectively, at a weighted average grant-date fair value of $14.15 and $16.73 per share, respectively. During the six months ended June 30, 2020 and 2019 , the Company granted 402,000 and 452,000 shares underlying restricted stock units, respectively, at a weighted average grant-date fair value of $17.83 and $15.35 per share, respectively. Total compensation expense, net of estimated forfeitures, recognized for restricted stock units was $1,362,000 and $1,683,000 for the three months ended June 30, 2020 and 2019 , respectively, and $2,977,000 and $3,319,000 , for the six months ended June 30, 2020 and 2019 , respectively. At June 30, 2020 , the Company had $12,349,000 of total unamortized compensation expense related to non-vested restricted stock units. That cost is expected to be recognized over a weighted-average period of 2.1 years . Performance Based Awards Performance based awards are stock-based awards in which the number of shares ultimately received depends on the Company's performance against specified metrics over a one- to five-year performance period from the date of grant. These performance metrics are established by the Company at the beginning of the performance period. At the end of the performance period, the number of shares of stock that could be issued is fixed based upon the degree of achievement of the performance goals. The number of shares that could be issued can range from 0% to 200% of the participant's target award. The Company grants two types of performance based awards: performance share units and awards subject to total shareholder return metrics under the 2004 Incentive Plan. Performance share units are initially valued at the Company's closing stock price on the date of grant. Stock compensation expense, net of estimated forfeitures, is recognized on a straight-line basis over the vesting period. The expense recognized over the vesting period is adjusted up or down based on the anticipated performance level during the performance period. If the performance metrics are not probable of achievement during the performance period, compensation expense would be reversed. The awards are forfeited if the threshold performance metrics are not achieved as of the end of the performance period. The performance share units cliff-vest in full over a period of three to five years from the date of grant. Performance share units with total shareholder return requirements are awards that compare the performance of the Company's common stock over a three-year period to that of the Company's peer group. The fair value of these awards is derived using the Monte Carlo simulation which utilizes the stock volatility, dividend yield and market correlation of the Company and the Company's peer group. The Monte Carlo fair value is expensed on a straight-line basis over the vesting period, net of estimated forfeitures. The awards are forfeited if the threshold performance metrics are not achieved as of the end of the performance period. The performance share units cliff-vest in full over a three-year vesting period. The Company granted 125,000 and 265,000 shares underlying performance share units during the six months ended June 30, 2020 and 2019 , respectively, at a weighted average grant-date fair value of $19.66 and $15.17 per share, respectively. There were no performance share units granted during three months ended June 30, 2020 and 2019 . The awards granted during 2020 and 2019 are subject to a three- to five-year performance period provided that (i) if certain first year performance goals are achieved, the participant could earn up to 50% of the three-year target award shares, subject to continued service through the vesting date, and (ii) if certain cumulative first- and second-year performance goals are achieved, the participant could earn up to an aggregate of 80% of the three-year target award shares (which includes any shares earned during the first year), subject to continued service through the vesting date. Based on the Company’s performance, participants earned a minimum of 50% of the target award shares granted in 2019 , and 80% of the target award shares granted in 2018, in each case subject to continued service through the vesting date. During the six months ended June 30, 2020 and 2019, the Company granted 125,000 and 149,000 shares underlying performance share units subject to total shareholder return requirements, respectively, at a weighted average grant-date fair value of $23.22 and $16.96 , respectively. There were no performance share units granted during three months ended June 30, 2020 and 2019 . During the six months ended June 30, 2020, the Company performed a remeasurement of these awards based on the Company’s most recent financial targets resulting in a reduction to expense. During the three months ended June 30, 2020 and 2019 , the Company recognized total compensation expense, net of estimated forfeitures, for performance based awards of $1,572,000 and $1,847,000 , respectively and, $1,817,000 and $3,646,000 for the six months ended June 30, 2020 and 2019 , respectively. The decrease in expense reflects a decrease in the anticipated degree of achievement against the performance metrics established on performance-based awards as a result of the uncertain future economic impact on the Company's business due to the COVID-19 pandemic. At June 30, 2020 , unamortized compensation expense related to these awards was $8,170,000 , which is expected to be recognized over a weighted-average period of 1.7 years . Share-Based Compensation Expense The table below summarizes the amounts recognized in the financial statements for the three and six months ended June 30, 2020 and 2019 for share-based compensation, including expense for restricted stock units and performance share units (in thousands). Three Months Ended June 30, Six Months Ended 2020 2019 2020 2019 Cost of sales $ 239 $ 247 $ 395 $ 502 Operating expenses 2,694 3,283 4,399 6,463 Total cost of share-based compensation included in income, before income tax $ 2,933 $ 3,530 $ 4,794 $ 6,965

Fair Value of Financial Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 16. Fair Value of Financial Instruments Certain of the Company’s financial assets and liabilities are measured at fair value on a recurring and nonrecurring basis. Fair value is defined as the price that would be received to sell an asset or the price paid to transfer a liability (the exit price) in the principal and most advantageous market for the asset or liability in an orderly transaction between market participants. Assets and liabilities carried at fair value are classified using the following three-tier hierarchy: Level 1 : Quoted market prices in active markets for identical assets or liabilities; Level 2 : Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which significant inputs and significant value drivers are observable in active markets; and Level 3 : Fair value measurements derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. The following table summarizes the valuation of the Company’s foreign currency forward contracts (see Note 17 ) that are measured at fair value on a recurring basis by the above pricing levels at June 30, 2020 and December 31, 2019 (in thousands): Fair Value Level 1 Level 2 Level 3 June 30, 2020 Foreign currency forward contracts—asset position $ 3,378 $ — $ 3,378 $ — Foreign currency forward contracts—liability position (825 ) — (825 ) — Interest rate hedge agreements—liability position (20,602 ) — (20,602 ) — $ (18,049 ) $ — $ (18,049 ) $ — December 31, 2019 Foreign currency forward contracts—asset position $ 61 $ — $ 61 $ — Foreign currency forward contracts—liability position (766 ) — (766 ) — Cross-currency debt swap agreements—asset position 6,163 — 6,163 — Cross-currency debt swap agreements—liability position (25 ) — (25 ) — Interest rate hedge agreements—asset position (8,894 ) — (8,894 ) — $ (3,461 ) $ — $ (3,461 ) $ — The fair value of the Company’s foreign currency forward contracts and cross-currency debt swap contracts are based on observable inputs that are corroborated by market data. Observable inputs include broker quotes, daily market foreign currency rates and forward pricing curves. Remeasurement gains and losses on foreign currency forward contracts and cross-currency debt swap contracts designated as cash flow hedges are recorded in accumulated other comprehensive income (loss) until recognized in earnings during the period that the hedged transactions take place. The fair value of interest rate hedge contracts are based on observable inputs that are corroborated by market data. Observable inputs include daily market foreign currency rates and interest rate curves. Remeasurement gains and losses are recorded in accumulated other comprehensive income (loss) until recognized in earnings as interest payments are made or received on the Company’s variable-rate debt. Remeasurement gains and losses on foreign currency forward contracts that are not-designated as cash flow hedges are recorded in other income (expense) (see Note 17 ). Disclosures about the Fair Value of Financial Instruments The carrying values of cash and cash equivalents at June 30, 2020 and December 31, 2019 are categorized within Level 1 of the fair value hierarchy. The table below summarizes information about fair value relating to the Company’s financial assets and liabilities that are recognized in the accompanying consolidated condensed balance sheets as of June 30, 2020 and December 31, 2019 , as well as the fair value of contingent contracts that represent financial instruments (in thousands). June 30, 2020 December 31, 2019 Carrying Value Fair Value Carrying Value Fair Value Term Loan Facility (1) $ 444,000 $ 440,168 $ 446,400 $ 450,864 Convertible Notes (2) $ 258,750 $ 319,952 $ — $ — Primary Asset-Based Revolving Credit Facility (3) $ 27,756 $ 27,756 $ 114,480 $ 114,480 Japan ABL Facility (3) $ 27,795 $ 27,795 $ 30,100 $ 30,100 Equipment notes (4) $ 26,754 $ 26,754 $ 19,715 $ 19,715 (1) In January 2019, the Company entered into a Term Loan Facility. The fair value of this debt is categorized within Level 2 of the fair value hierarchy. See Note 6 for further information. (2) In May 2020, the Company issued $258,750,000 of 2.75% Convertibles Notes due in 2026. The fair value of this debt is categorized within Level 2 of the fair value hierarchy. For further discussion, see Note 6 . (3) The carrying value of the amounts outstanding under the Company's ABL Facility and Japan ABL Facility approximates the fair value due to the short-term nature of these obligations. The fair value of this debt is categorized within Level 2 of the fair value hierarchy based on the observable market borrowing rates. See Note 6 for information on the Company's credit facilities, including certain risks and uncertainties related thereto. (4) In December 2017, August 2019 and March 2020, the Company entered into equipment notes that are both secured by certain equipment at the Company's golf ball manufacturing facility. The fair value of this debt is categorized within Level 2 of the fair value hierarchy. See Note 6 for further information. Nonrecurring Fair Value Measurements The Company measures certain assets at fair value on a nonrecurring basis at least annually or more frequently if certain indicators are present. These assets include long-lived assets, goodwill, non-amortizing intangible assets and investments that are written down to fair value when they are held for sale or determined to be impaired. During the second quarter of 2020, the Company considered the macroeconomic conditions related to the COVID-19 pandemic and its potential impact to sales and operating income for the remainder of fiscal 2020, and determined that there were indicators of impairment and proceeded with a quantitative assessment of goodwill for all reporting units. As a result of the second quarter assessment, the Company determined that the fair value of one of its reporting units was less than its carrying value, and therefore recognized a goodwill impairment loss of $148,375,000 in the second quarter of 2020. In addition, the Company recognized an impairment loss of $25,894,000 on one of its trade names (see Note 9). There were no impairment losses recorded during three and six months ended June 30, 2019.

Derivatives and Hedging

Derivatives and Hedging	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivatives and Hedging	Note 17. Derivatives and Hedging In the normal course of business, the Company is exposed to gains and losses resulting from fluctuations in foreign currency exchange rates relating to transactions of its international subsidiaries as well as fluctuations in foreign currency exchange rates and changes in interest rates relating to its long-term debt. The Company uses designated cash flow hedges and non-designated hedges in the form of foreign currency forward contracts as part of its strategy to manage the level of exposure to the risk of fluctuations in foreign currency exchange rates and to mitigate the impact of foreign currency translation on transactions that are denominated primarily in Japanese Yen, British Pounds, Euros, Canadian Dollars, Australian Dollars and Korean Won. The Company also uses cross-currency debt swap contracts and interest rate hedge contracts to mitigate the impact of variable rates on its long-term debt as well as changes in foreign currencies. The Company accounts for its foreign currency forward contracts, cross-currency debt swap contracts and interest rate hedge contracts in accordance with ASC Topic 815. ASC Topic 815 requires the recognition of all derivative instruments as either assets or liabilities on the balance sheet, the measurement of those instruments at fair value and the recognition of changes in the fair value of derivatives in earnings in the period of change, unless the derivative qualifies as a designated cash flow hedge that offsets certain exposures. Certain criteria must be satisfied in order for derivative financial instruments to be classified and accounted for as a cash flow hedge. Gains and losses from the remeasurement of qualifying cash flow hedges are recorded as a component of accumulated other comprehensive income (loss) and released into earnings as a component of cost of goods sold or net sales, other income (expense) and interest expense during the period in which the hedged transaction takes place. Remeasurement gains or losses of derivatives that are not elected for hedge accounting treatment are recorded in earnings immediately as a component of other income (expense). Foreign currency forward contracts, cross-currency debt swap contracts and interest rate hedge contracts are used only to meet the Company’s objectives of minimizing variability in the Company’s operating results arising from foreign exchange rate movements and changes in interest rates. The Company does not enter into foreign currency forward contracts, cross-currency debt swap contracts and interest rate hedge contracts for speculative purposes. The Company utilizes counterparties for its derivative instruments that it believes are credit-worthy at the time the transactions are entered into and the Company closely monitors the credit ratings of these counterparties. The following table summarizes the fair value of the Company's derivative instruments as well as the location of the asset and/or liability on the consolidated condensed balance sheets at June 30, 2020 and December 31, 2019 (in thousands): Balance Sheet Location Fair Value of Asset Derivatives June 30, 2020 December 31, 2019 Derivatives designated as cash flow hedging instruments: Foreign currency forward contracts Other current assets $ 999 $ 53 Derivatives not designated as hedging instruments: Foreign currency forward contracts Other current assets $ 2,379 $ 8 Balance Sheet Location Fair Value of Liability Derivatives June 30, 2020 December 31, 2019 Derivatives designated as cash flow hedging instruments: Foreign currency forward contracts Accounts payable and accrued expenses $ 31 $ 24 Cross-currency debt swap agreements Accounts payable and accrued expenses — 25 Interest rate hedge agreements Accounts payable and accrued expenses 4,756 1,865 Other long-term liabilities 15,846 7,030 Total $ 20,633 $ 8,944 Derivatives not designated as hedging instruments: Foreign currency forward contracts Accounts payable and accrued expenses $ 794 $ 741 The Company's derivative instruments are subject to a master netting agreement with each respective counterparty bank and are therefore net settled at their maturity date. Although the Company has the legal right of offset under the master netting agreements, the Company has elected not to present these contracts on a net settlement amount basis, and therefore present these contracts on a gross basis on the accompanying consolidated condensed balance sheets at June 30, 2020 and December 31, 2019 . Cash Flow Hedging Instruments Foreign Currency Forward Contracts The Company uses foreign currency derivatives designated as qualifying cash flow hedging instruments, including foreign currency forward contracts to help mitigate the Company's foreign currency exposure on intercompany sales of inventory to its foreign subsidiaries. These contracts generally mature within 12 to 15 months from their inception. At June 30, 2020 , the notional amounts of the Company's foreign currency forward contracts designated as cash flow hedge instruments were approximately $40,745,000 . At December 31, 2019 , the Company had no outstanding foreign currency forward contracts designated as cash flow hedge instruments. As of June 30, 2020 , the Company recorded a net gain of $1,974,000 in accumulated other comprehensive income (loss) related to foreign currency forward contracts. Of this amount, net gains of $407,000 for the three months ended June 30, 2020 and $408,000 for the six months ended June 30, 2020 were relieved from accumulated other comprehensive income (loss) and recognized in cost of goods sold for the underlying intercompany sales that were recognized, and net gains of $232,000 for the three months ended June 30, 2020 and $464,000 for the six months ended June 30, 2020 , were relieved from accumulated other comprehensive income (loss) related to the amortization of forward points. There were no ineffective hedge gains or losses recognized during the three and six months ended June 30, 2020 . Based on the current valuation, the Company expects to reclassify net gains of $1,103,000 from accumulated other comprehensive income (loss) into net earnings during the next 12 months. The Company recognized net gains of $242,000 and $565,000 in cost of goods sold for the three and six months ended June 30, 2019 , respectively. Cross-Currency Debt Swap and Interest Rate Hedge Contract In order to mitigate the risk of changes in interest rates associated with the Company's variable-rate Term Loan Facility and EUR denominated intercompany loan, the Company used a cross-currency debt swap and interest rate hedge, both designated as cash flow hedges (see Note 6 ) by converting a portion of the USD denominated Term Loan Facility, which has a higher variable interest rate, to a EUR denominated synthetic note at a lower fixed rate. As of June 30, 2020, the Company unwound the cross currency swap, and determined that the forecasted transaction in connection with the underlying EUR denominated intercompany loan was no longer probable of occurring. As such, the Company discontinued the hedge and released net gains of $11,046,000 from accumulated other comprehensive income to other income during the three months ended June 30, 2020. The Company maintained the interest rate hedge related to the USD denominated Term Loan Facility in order to continue mitigating the risk of changes in interest rates. Over the life of the facility, the Company will receive variable interest payments from the counterparty lenders in exchange for the Company making fixed rate payments, without exchange of the underlying notional amount. As of June 30, 2020 , the notional amount outstanding under the interest rate hedge contract was $197,352,000 . As of December 31, 2019 , the notional amount outstanding under the cross-currency debt swap and interest rate hedge contract was $198,353,000 . In connection with the cross-currency swap contract, during the six months ended June 30, 2020 , the Company recorded a remeasurement net gain of $15,081,000 in accumulated other comprehensive income (loss). There were no remeasurement gains or losses recorded during the three months ended June 30, 2020. During the three and six months ended June 30, 2020, net gains of $11,463,000 and $18,510,000 , respectively, were relieved from accumulated other comprehensive income (loss). The recognition of these net gains into earnings is summarized as follows: • Net gains of $11,046,000 related to the discontinuation of the cross-currency swap contract were recognized in other income (expense) in the three and six months ended June 30, 2020. • Net gains related to foreign currency of $5,735,000 were recognized in other income (expense) in the six months ended June 30, 2020. There were no net foreign currency gains or losses recognized in the three months ended June 30, 2020. • Net gains of $417,000 and $1,730,000 were recognized in interest income during the three and six months ended June 30, 2020. During the three and six months ended June 30, 2019, net losses of $553,000 and net gains of $2,251,000 were relieved from accumulated other comprehensive income (loss) in connection with the cross currency swap. The recognition of these net gains and losses into earnings is summarized as follows: • Net gains of $2,178,000 and $2,287,000 were recognized in interest income in the three and six months ended June 30, 2019. • Net losses related to foreign currency of $2,731,000 and $35,000 were recognized in other income (expense) in the three and six months ended June 30, 2019. During the three and six months ended June 30, 2020 , the Company recorded net losses of $1,928,000 and $13,161,000 , respectively, related to the remeasurement of the interest rate hedge contract in accumulated other comprehensive income (loss). Of these amounts, net losses of $1,017,000 and $1,451,000 were relieved from accumulated other comprehensive income (loss) and recognized in interest expense during the three and six months ended June 30, 2020 , respectively. Based on the current valuation, the Company expects to reclassify a net loss of $4,756,000 related to the interest rate hedge contract from accumulated other comprehensive income (loss) into earnings during the next 12 months. The following tables summarize the net effect of all cash flow hedges on the consolidated condensed financial statements for the three and six months ended June 30, 2020 and 2019 (in thousands): Gain/(Loss) Recognized in Other Comprehensive Income Three Months Ended Six Months Ended Derivatives designated as cash flow hedging instruments 2020 2019 2020 2019 Foreign currency forward contracts $ (436 ) $ 27 $ 1,974 $ 573 Cross-currency debt swap agreements — (2,907 ) 15,081 1,164 Interest rate hedge agreements (1,928 ) (3,956 ) (13,161 ) (7,897 ) $ (2,364 ) $ (6,836 ) $ 3,894 $ (6,160 ) Gain/(Loss) Reclassified from Other Comprehensive Income into Earnings (Effective Portion) Three Months Ended Six Months Ended Derivatives designated as cash flow hedging instruments 2020 2019 2020 2019 Foreign currency forward contracts $ 638 $ 228 $ 872 $ 374 Cross-currency debt swap agreements 11,463 (1,463 ) 18,510 2,251 Interest rate hedge agreements (1,017 ) (34 ) (1,447 ) (44 ) $ 11,084 $ (1,269 ) $ 17,935 $ 2,581 Foreign Currency Forward Contracts Not Designated as Hedging Instruments The Company uses foreign currency forward contracts that are not designated as qualifying cash flow hedging instruments to mitigate certain balance sheet exposures (payables and receivables denominated in foreign currencies), as well as gains and losses resulting from the translation of the operating results of the Company’s international subsidiaries into U.S. dollars for financial reporting purposes. These contracts generally mature within 12 months from their inception. At June 30, 2020 and December 31, 2019 , the notional amounts of the Company’s foreign currency forward contracts used to mitigate the exposures discussed above were approximately $125,108,000 and $72,119,000 , respectively. The Company estimates the fair values of foreign currency forward contracts based on pricing models using current market rates, and records all derivatives on the balance sheet at fair value with changes in fair value recorded in the consolidated condensed statements of operations. The foreign currency contracts are classified under Level 2 of the fair value hierarchy (see Note 16 ). The following table summarizes the location of net gains and losses in the consolidated condensed statements of operations that were recognized during the three and six months ended June 30, 2020 and 2019 , respectively, in addition to the derivative contract type (in thousands): Location of Net Gain Recognized in Income on Derivative Instruments Amount of Net Gain/(Loss) Recognized in Income on Derivatives not designated as hedging instruments Three Months Ended Six Months Ended 2020 2019 2020 2019 Foreign currency forward contracts Other expense, net $ (595 ) $ 691 $ 5,261 $ 1,441 In addition, for the three months ended June 30, 2020 and 2019, the Company recognized net foreign currency gains of $2,906,000 and $2,729,000 , respectively, and net foreign currency losses of $2,241,000 and $2,609,000 , respectively, for the six months ended June 30, 2020 and 2019, related to transactions with its foreign subsidiaries, respectively.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	6 Months Ended
	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Income (Loss)	Note 18. Accumulated Other Comprehensive Loss The following table details the amounts reclassified from accumulated other comprehensive loss to cost of goods sold, as well as changes in foreign currency translation for the three and six months ended June 30, 2020 . Amounts are in thousands. Derivative Instruments Foreign Currency Translation Total Accumulated other comprehensive loss, March 31, 2020, after tax $ (4,362 ) $ (33,155 ) $ (37,517 ) Change in derivative instruments (2,364 ) — (2,364 ) Net gains reclassified to cost of goods sold (639 ) — (639 ) Net gains reclassified to other income (expense) (11,046 ) — (11,046 ) Net gains reclassified to interest expense 596 — 596 Income tax benefit on derivative instruments 3,023 — 3,023 Foreign currency translation adjustments — 8,155 8,155 Accumulated other comprehensive loss, June 30, 2020, after tax $ (14,792 ) $ (25,000 ) $ (39,792 ) Derivative Instruments Foreign Currency Translation Total Accumulated other comprehensive loss, December 31, 2019, after tax $ (4,203 ) $ (18,219 ) $ (22,422 ) Change in derivative instruments 3,894 — 3,894 Net gains reclassified to cost of goods sold (872 ) — (872 ) Net gains reclassified to other income (expense) (16,781 ) — (16,781 ) Net gains reclassified to interest expense (283 ) — (283 ) Income tax benefit on derivative instruments 3,453 — 3,453 Foreign currency translation adjustments — (6,781 ) (6,781 ) Accumulated other comprehensive loss, June 30, 2020, after tax $ (14,792 ) $ (25,000 ) $ (39,792 )

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Information	Note 19. Segment Information The Company has two reportable operating segments: Golf Equipment operating segment and Apparel, Gear and Other operating segment. The Golf Equipment operating segment, which is comprised of golf club and golf ball products, includes Callaway Golf branded woods, hybrids, irons, wedges, Odyssey putters, including Toulon Design putters by Odyssey, packaged sets, Callaway Golf and Strata branded golf balls and sales of pre-owned golf clubs. The Apparel, Gear and Other operating segment includes Jack Wolfskin outdoor apparel, gear and accessories, TravisMathew golf and lifestyle apparel and accessories, and Callaway and Ogio soft goods, which consists of golf apparel and accessories (including golf bags and gloves), storage gear for sport and personal use, and royalties from licensing of the Company’s trademarks and service marks for various soft goods products. There are no significant intersegment transactions during the three and six months ended June 30, 2020 . The tables below contain information utilized by management to evaluate its operating segments for the interim periods presented (in thousands). Three Months Ended Six Months Ended 2020 2019 2020 2019 Net sales: Golf Equipment $ 209,943 $ 292,353 $ 501,604 $ 615,972 Apparel, Gear and Other 87,053 154,355 237,668 346,933 $ 296,996 $ 446,708 $ 739,272 $ 962,905 Income (loss) before income taxes: Golf Equipment $ 29,181 $ 55,665 $ 87,801 $ 125,658 Apparel, Gear and Other (11,711 ) 11,314 (15,510 ) 34,033 Reconciling items (1) (193,085 ) (30,873 ) (209,861 ) (65,528 ) $ (175,615 ) $ 36,106 $ (137,570 ) $ 94,163 Additions to long-lived assets: (2) Golf Equipment $ 2,778 $ 7,924 $ 19,740 $ 13,341 Apparel, Gear and Other 3,142 4,289 13,266 8,682 $ 5,920 $ 12,213 $ 33,006 $ 22,023 (1) Reconciling items represent the deduction of corporate general and administration expenses and other income (expenses), which are not utilized by management in determining segment profitability. The increase in reconciling items for the three and six months ended June 30, 2020 compared to June 30, 2019 was primarily due to the recognition of a $174,269,000 impairment loss related to the Jack Wolfskin trade name and goodwill (see Note 9 ). This increase was partially offset by the recognition of a net gain of $11,046,000 related to a cash flow hedge that was discontinued during the second quarter of 2020. Reconciling items also include net gains of $1,622,000 and $9,947,000 recognized on hedging contracts for the three and six months ended June 30, 2020 , respectively. These increases were partially offset by a decrease in non-recurring charges primarily related to the acquisition of Jack Wolfskin in January 2019 (see Note 5 ). (2) Additions to long-lived assets are comprised of purchases of property, plant and equipment.

Subsequent Event (Notes)

Subsequent Event (Notes)	6 Months Ended
	Jun. 30, 2020
Subsequent Event [Abstract]
Subsequent Events	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Note 20. Subsequent Event </font></div><div style="line-height:120%;padding-top:8px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company's golf equipment and soft goods businesses in the first half of 2020 were significantly, adversely impacted by the COVID-19 outbreak, which the World Health Organization declared a pandemic in early March 2020. The pandemic resulted in the temporary closure of many of the Company's facilities around the world, including its headquarters in the U.S., sales offices, distribution centers, manufacturing facilities and retail locations. As a result of these regulatory responses, portions of the Company's worldwide business operated, and continues to operate, on a limited basis. This had a significant adverse impact on the Company's net sales in the first half of 2020, most notably in its retail and wholesale businesses. While this business disruption is expected to be temporary, the current circumstances are dynamic and the impacts of COVID-19 on the Company’s business operations, including the duration and impact on overall customer demand, cannot be reasonably estimated at this time. The Company will continue to monitor its business and market conditions as new developments occur.</font></div></div>

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Estimated Credit Losses	Specific allowance amounts are established to record the appropriate provision for customers that have a higher probability of default. An estimate of credit losses for the remaining customers in the aggregate is based upon historical bad debts, current customer receivable balances, age of customer receivable balances, the customers' financial condition, all of which are subject to change. Additionally, the Company’s monitoring activities now consider future reasonable and supportable forecasts of economic conditions to adjust all general reserve percentages as necessary. Balances are written off when determined to be uncollectible.
Recent Accounting Standards	Recent Accounting Standards In December 2019, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2019-12, "Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes." This ASU removes specific exceptions to the general principles in Accounting Standards Codification ("ASC") Topic 740, "Accounting for Income Taxes" ("Topic 740") and simplifies certain U.S. GAAP requirements. ASU 2019-12 is effective for public filers for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. Early adoption is permitted. The Company is currently evaluating the impact this ASU will have on its consolidated condensed financial statements and disclosures. Adoption of New Accounting Standards On January 1, 2020, the Company adopted ASU No. 2016-13, "Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments" ("Topic 326") utilizing the modified retrospective approach. This new standard is intended to improve financial reporting by requiring timelier recording of credit losses on the Company's trade account receivable and requires the measurement of all expected credit losses based on historical experience, current conditions, and reasonable and supportable forecasts. Upon the completion of the Company's assessment of Topic 326, the Company concluded that its prior methodology of estimating credit losses on its trade accounts receivable closely aligns with the requirements of the new standard, and therefore, the adoption of this ASU did not have a material impact on the Company consolidated condensed financial statements. For further information, see Note 4 . Upon adoption of Topic 326, the Company recorded a cumulative adjustment to beginning retained earnings of $289,000 , which reflected an increase to the allowance for doubtful accounts. As the impact to the Company's consolidated condensed financial statements in the first quarter of 2020 was not material, prior period information that is presented for comparative purposes has not been restated and continues to be reported under the accounting standards that were in effect during those periods. On January 1, 2020, the Company adopted ASU No. 2018-13, "Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement." The amendments in this ASU removed, modified or added to the disclosure requirements for fair value measurements in ASC Topic 820, "Fair Value Measurement" ("Topic 820"). The adoption of this ASU did not have a material impact on the Company's consolidated condensed financial statements and disclosures.
Revenue Recognition	Product Sales The Company recognizes revenue from the sale of its products when it satisfies the terms of a sales order from a customer, and transfers control of the products ordered to the customer. Control transfers when products are shipped, and in certain cases, when products are received by customers. In addition, the Company recognizes revenue at the point of sale on transactions with consumers at its retail locations. Sales taxes, value added taxes and other taxes that are collected in connection with revenue transactions are withheld and remitted to the respective taxing authorities. As such, these taxes are excluded from revenue. The Company elected to account for shipping and handling as activities to fulfill the promise to transfer the good. Therefore, shipping and handling fees that are billed to customers are recognized in revenue and the associated shipping and handling costs are recognized in cost of goods sold as soon as control of the goods transfers to the customer. Royalty Income Royalty income is recognized over time in net sales as underlying product sales occur, subject to certain minimum royalties, in accordance with the related licensing arrangements. Royalty income is included in the Company's Apparel, Gear and Other operating segment. Total royalty income for the three months ended June 30, 2020 and 2019 was $3,552,000 and $5,467,000 , respectively, and total royalty income for the six months ended June 30, 2020 and 2019 was $9,097,000 and $10,145,000 , respectively. Gift Cards Revenues from gift cards are deferred and recognized when the cards are redeemed. The Company’s gift cards have no expiration date. The Company recognizes revenue from unredeemed gift cards, otherwise known as breakage, when the likelihood of redemption becomes remote and under circumstances that comply with any applicable state escheatment laws. To determine when redemption is remote, the Company analyzes an aging of unredeemed cards (based on the date the card was last used or the activation date if the card has never been used) and compares that information with historical redemption trends. The Company uses this historical redemption rate to recognize breakage on unredeemed gift cards over the redemption period. The Company does not believe there is a reasonable likelihood that there will be a material change in the future estimates or assumptions used to determine the timing of recognition of gift card revenues. As of June 30, 2020 and December 31, 2019 , the Company's deferred revenue liability for gift cards was $1,828,000 and $2,190,000 , respectively. During the three months ended June 30, 2020 and 2019 , the Company recognized $454,000 and $657,000 of deferred gift card revenue, respectively. During the six months ended June 30, 2020 and 2019 , the Company recognized $1,030,000 and $1,090,000 of deferred gift card revenue, respectively. Variable Consideration The amount of revenue the Company recognizes is based on the amount of consideration it expects to receive from customers. The amount of consideration is the sales price adjusted for estimates of variable consideration, including sales returns, discounts and allowances as well as sales programs, sales promotions and price concessions that are offered by the Company as described below. These estimates are based on the amounts earned or to be claimed by customers on the related sales, and are therefore recorded as reductions to sales and trade accounts receivable. The Company’s primary sales program, the “Preferred Retailer Program,” offers potential rebates and discounts for participating retailers in exchange for providing certain benefits to the Company, including the maintenance of agreed upon inventory levels, prime product placement and retailer staff training. Under this program, qualifying retailers can earn either discounts or rebates based upon the amount of product purchased. Discounts are applied and recorded at the time of sale. For rebates, the Company estimates the amount of variable consideration related to the rebate at the time of sale based on the customer’s estimated qualifying current year product purchases. The estimate is based on the historical level of purchases, adjusted for any factors expected to affect the current year purchase levels. The estimated year-end rebate is adjusted quarterly based on actual purchase levels, as necessary. The Preferred Retailer Program is generally short-term in nature and the actual amount of rebate to be paid under this program is known as of the end of the year and paid to customers shortly after year-end. Historically, the Company's actual amount of variable consideration related to its Preferred Retailer Program has not been materially different from its estimates. The Company also offers short-term sales program incentives, which include sell-through promotions and price concessions or price reductions. Sell-through promotions are generally offered throughout the product's life cycle of approximately two years, and price concessions or price reductions are generally offered at the end of the product's life cycle. The estimated variable consideration related to these programs is based on a rate that includes historical and forecasted data. The Company records a reduction to net sales using this rate at the time of the sale. The Company monitors this rate against actual results and forecasted estimates and adjusts the rate as deemed necessary in order to reflect the amount of consideration it expects to receive from its customers. There were no material changes to the rate during the three and six months ended June 30, 2020 and 2019. Historically, the Company's actual amount of variable consideration related to these sales programs has not been materially different from its estimates. The Company records an estimate for anticipated returns as a reduction of sales and cost of sales, and accounts receivable, in the period that the related sales are recorded. Sales returns are estimated based upon historical returns, current economic trends, changes in customer demands and sell-through of products. The Company also offers certain customers sales programs that allow for specific returns. The Company records a return liability as an offset to accounts receivable for anticipated returns related to these sales programs at the time of the sale based on the terms of the sales program. The cost recovery of inventory associated with this reserve is accounted for in other current assets. Historically, the Company’s actual sales returns have not been materially different from management’s original estimates.

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases is as follows (in thousands): Balance Sheet Location June 30, 2020 December 31, 2019 Operating leases ROU assets, net Operating lease ROU assets, net $ 189,381 $ 160,098 Lease liabilities, short-term Operating lease liabilities, short-term $ 28,772 $ 26,418 Lease liabilities, long-term Operating lease liabilities, long-term $ 172,093 $ 137,696 Finance Leases ROU assets, net, Other assets $ 1,065 $ 1,263 Lease liabilities, short-term Accounts payable and accrued expenses $ 527 $ 589 Lease liabilities, long-term Long-term other $ 539 $ 558
Components of Lease Expense and Other Information Related to Leases	The components of lease expense are as follows (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Operating lease costs $ 10,279 $ 10,702 $ 21,301 $ 19,599 Financing lease costs: Amortization of right-of-use assets 153 220 320 477 Interest on lease liabilities 11 30 22 55 Total financing lease costs 164 250 342 532 Variable lease costs 587 846 1,883 2,186 Total lease costs $ 11,030 $ 11,798 $ 23,526 $ 22,317 Other information related to leases was as follows (in thousands): Six Months Ended Supplemental Cash Flows Information 2020 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 18,227 $ 20,100 Operating cash flows from finance leases $ 22 $ 55 Financing cash flows from finance leases $ 206 $ 232 Lease liabilities arising from new ROU assets: Operating leases $ 53,417 $ 7,679 Finance leases $ 130 $ 81 June 30, December 31, Weighted average remaining lease term (years): Operating leases 10.1 10.4 Finance leases 2.8 2.8 Weighted average discount rate: Operating leases 5.4 % 5.7 % Finance leases 4.0 % 4.2 %
Future Minimum Lease Obligations	Future minimum lease obligations as of June 30, 2020 were as follows (in thousands): Operating Leases Finance Leases Remainder of 2020 $ 20,417 $ 418 2021 34,965 270 2022 30,389 229 2023 26,453 119 2024 22,963 46 Thereafter 127,756 32 Total future lease payments 262,943 1,114 Less: imputed interest 62,078 47 Total $ 200,865 $ 1,067
Future Minimum Lease Obligations	Future minimum lease obligations as of June 30, 2020 were as follows (in thousands): Operating Leases Finance Leases Remainder of 2020 $ 20,417 $ 418 2021 34,965 270 2022 30,389 229 2023 26,453 119 2024 22,963 46 Thereafter 127,756 32 Total future lease payments 262,943 1,114 Less: imputed interest 62,078 47 Total $ 200,865 $ 1,067

Revenue Recognition (Tables)

Revenue Recognition (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue Recognition [Abstract]
Disaggregation of Revenue	The following table presents the Company's revenue disaggregated by major product category and operating and reportable segment (in thousands): Operating and Reportable Segments Three Months Ended June 30, 2020 Three Months Ended June 30, 2019 Golf Equipment Apparel, Gear & Other Total Golf Equipment Apparel, Gear & Other Total Major product category: Golf Clubs $ 156,040 $ — $ 156,040 $ 223,741 $ — $ 223,741 Golf Balls 53,903 — 53,903 68,612 — 68,612 Apparel — 36,302 36,302 — 73,195 73,195 Gear, Accessories & Other — 50,751 50,751 — 81,160 81,160 $ 209,943 $ 87,053 $ 296,996 $ 292,353 $ 154,355 $ 446,708 Operating and Reportable Segments Six Months Ended June 30, 2020 Six Months Ended June 30, 2019 Golf Equipment Apparel, Gear & Other Total Golf Equipment Apparel, Gear & Other Total Major product category: Golf Clubs $ 407,264 $ — $ 407,264 $ 485,526 $ — $ 485,526 Golf Balls 94,340 — 94,340 130,446 — 130,446 Apparel — 113,592 113,592 — 169,441 169,441 Gear, Accessories & Other — 124,076 124,076 — 177,492 177,492 $ 501,604 $ 237,668 $ 739,272 $ 615,972 $ 346,933 $ 962,905 The Company sells its golf equipment products and apparel, gear and accessories in the United States and internationally, with its principal international regions being Japan and Europe. On a regional basis, sales of golf equipment products are generally higher than sales of apparel, gear and other products, with the exception of Europe as a result of the Jack Wolfskin acquisition completed in January 2019. The following table presents information about the geographical areas in which the Company operates. Revenues are attributed to the location to which the product was shipped (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 Major Geographic Region: United States $ 171,714 $ 247,419 $ 389,217 $ 496,420 Europe 50,074 81,630 146,793 208,243 Japan 24,640 55,676 101,987 128,904 Rest of World 50,568 61,983 101,275 129,338 $ 296,996 $ 446,708 $ 739,272 $ 962,905

Estimated Credit Losses (Tables

Estimated Credit Losses (Tables)	6 Months Ended
	Jun. 30, 2020
Estimated Credit Losses [Abstract]
Schedule of reconciliation of the activity related to the Company’s allowance for estimated credit losses	The following table provides a reconciliation of the activity related to the Company’s allowance for estimated credit losses (in thousands): Three Months Ended Six Months Ended 2020 2019 2020 2019 (in thousands) Beginning balance as of January 1 $ 6,140 $ 5,474 $ 5,992 $ 5,610 Adjustment due to the adoption of Topic 326 — — 289 — Provision for credit losses 3,619 265 3,632 142 Write-off of uncollectible amounts, net of recoveries (815 ) (240 ) (969 ) (253 ) Ending balance as of June 30 $ 8,944 $ 5,499 $ 8,944 $ 5,499

Business Combinations (Tables)

Business Combinations (Tables)	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition	The following table summarizes the fair values of the assets acquired and liabilities assumed as of the acquisition date based on the purchase price allocation (in thousands): At January 4, 2019 Assets Acquired Cash $ 58,096 Accounts receivable 26,637 Inventories 94,504 Income tax receivable 6,588 Other current assets 11,483 Property and equipment 20,930 Operating lease right-of-use assets 120,865 Deferred tax assets 2,930 Other assets 23 Intangibles - trade name (1) 239,295 Intangibles - retail partners & distributor relationships 38,743 Goodwill (1) 150,180 Total assets acquired 770,274 Liabilities Assumed Accounts Payable and accrued liabilities 46,124 Income taxes payable, long-term 2,416 Operating lease liabilities 120,524 Deferred tax liabilities 80,009 Net assets acquired $ 521,201

Earnings (Loss) per Common Sh_2

Earnings (Loss) per Common Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	The following table summarizes the computation of basic and diluted earnings per share (in thousands, except per share data): Three Months Ended Six Months Ended 2020 2019 2020 2019 Earnings (loss) per common share—basic Net income (loss) attributable to Callaway Golf Company $ (167,684 ) $ 28,931 $ (138,790 ) $ 77,578 Weighted-average common shares outstanding—basic 94,141 94,074 94,225 94,377 Basic earnings (loss) per common share $ (1.78 ) $ 0.31 $ (1.47 ) $ 0.82 Earnings (loss) per common share—diluted Net income (loss) attributable to Callaway Golf Company $ (167,684 ) $ 28,931 $ (138,790 ) $ 77,578 Weighted-average common shares outstanding—basic 94,141 94,074 94,225 94,377 Outstanding options, restricted stock units and performance share units — 1,817 — 1,776 Weighted-average common shares outstanding—diluted 94,141 95,891 94,225 96,153 Diluted earnings (loss) per common share $ (1.78 ) $ 0.30 $ (1.47 ) $ 0.81

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2020
Inventory Disclosure [Abstract]
Inventories	Inventories are summarized below (in thousands): June 30, December 31, 2019 Inventories: Raw materials $ 69,959 $ 76,140 Work-in-process 997 860 Finished goods 308,213 379,639 $ 379,169 $ 456,639

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets by Major Asset Class	The following sets forth the intangible assets by major asset class (dollars in thousands): Useful Life (Years) June 30, 2020 December 31, 2019 Gross (1) Accumulated Amortization Net Book Value Gross Accumulated Amortization Net Book Value Indefinite-lived: Trade name, trademark, trade dress and other NA $ 428,439 $ — $ 428,439 $ 453,837 $ — $ 453,837 Amortizing: Patents 2-16 31,581 31,581 — 31,581 31,581 — Customer and distributor relationships and other 1-10 54,304 17,047 37,257 53,904 14,318 39,586 Total intangible assets $ 514,324 $ 48,628 $ 465,696 $ 539,322 $ 45,899 $ 493,423
Amortization Expense Related to Intangible Assets	Amortization expense related to intangible assets at June 30, 2020 in each of the next five fiscal years and beyond is expected to be incurred as follows (in thousands): Remainder of 2020 $ 2,391 2021 4,724 2022 4,548 2023 4,409 2024 4,409 Thereafter 16,776 $ 37,257

Product Warranty (Tables)

Product Warranty (Tables)	6 Months Ended
	Jun. 30, 2020
Guarantees [Abstract]
Reconciliation of Reserve for Warranty Expense	The following table provides a reconciliation of the activity related to the Company’s reserve for warranty expense (in thousands): Three Months Ended June 30, Six Months Ended 2020 2019 2020 2019 Beginning balance $ 9,791 $ 10,783 $ 9,636 $ 7,610 Provision 1,562 2,127 3,370 4,606 Provision liability assumed from acquisition — 273 — 2,600 Claims paid/costs incurred (1,574 ) (2,207 ) (3,227 ) (3,840 ) Ending balance $ 9,779 $ 10,976 $ 9,779 $ 10,976

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Major Jurisdictions no Longer Subject to Income Tax Examinations by Tax Authorities	The Company files income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. The Company is generally no longer subject to income tax examinations by tax authorities in the following major jurisdictions: Tax Jurisdiction Years No Longer Subject to Audit U.S. federal 2010 and prior California (U.S.) 2008 and prior Germany 2014 and prior Japan 2013 and prior South Korea 2014 and prior United Kingdom 2015 and prior

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2020
Commitments and Contingencies Disclosure [Abstract]
Future Purchase Commitments	The minimum obligation that the Company is required to pay as of June 30, 2020 under these agreements is $77,138,000 over the next four years as follows (in thousands): Remainder of 2020 $ 45,202 2021 20,252 2022 9,119 2023 2,440 2024 125 $ 77,138

Share-Based Employee Compensa_2

Share-Based Employee Compensation (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs	The table below summarizes the amounts recognized in the financial statements for the three and six months ended June 30, 2020 and 2019 for share-based compensation, including expense for restricted stock units and performance share units (in thousands). Three Months Ended June 30, Six Months Ended 2020 2019 2020 2019 Cost of sales $ 239 $ 247 $ 395 $ 502 Operating expenses 2,694 3,283 4,399 6,463 Total cost of share-based compensation included in income, before income tax $ 2,933 $ 3,530 $ 4,794 $ 6,965

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Valuation of Foreign Currency Exchange Contracts by Pricing Levels	The following table summarizes the valuation of the Company’s foreign currency forward contracts (see Note 17 ) that are measured at fair value on a recurring basis by the above pricing levels at June 30, 2020 and December 31, 2019 (in thousands): Fair Value Level 1 Level 2 Level 3 June 30, 2020 Foreign currency forward contracts—asset position $ 3,378 $ — $ 3,378 $ — Foreign currency forward contracts—liability position (825 ) — (825 ) — Interest rate hedge agreements—liability position (20,602 ) — (20,602 ) — $ (18,049 ) $ — $ (18,049 ) $ — December 31, 2019 Foreign currency forward contracts—asset position $ 61 $ — $ 61 $ — Foreign currency forward contracts—liability position (766 ) — (766 ) — Cross-currency debt swap agreements—asset position 6,163 — 6,163 — Cross-currency debt swap agreements—liability position (25 ) — (25 ) — Interest rate hedge agreements—asset position (8,894 ) — (8,894 ) — $ (3,461 ) $ — $ (3,461 ) $ —
Fair Value Relating to Financial Assets and Liabilities	The carrying values of cash and cash equivalents at June 30, 2020 and December 31, 2019 are categorized within Level 1 of the fair value hierarchy. The table below summarizes information about fair value relating to the Company’s financial assets and liabilities that are recognized in the accompanying consolidated condensed balance sheets as of June 30, 2020 and December 31, 2019 , as well as the fair value of contingent contracts that represent financial instruments (in thousands). June 30, 2020 December 31, 2019 Carrying Value Fair Value Carrying Value Fair Value Term Loan Facility (1) $ 444,000 $ 440,168 $ 446,400 $ 450,864 Convertible Notes (2) $ 258,750 $ 319,952 $ — $ — Primary Asset-Based Revolving Credit Facility (3) $ 27,756 $ 27,756 $ 114,480 $ 114,480 Japan ABL Facility (3) $ 27,795 $ 27,795 $ 30,100 $ 30,100 Equipment notes (4) $ 26,754 $ 26,754 $ 19,715 $ 19,715 (1) In January 2019, the Company entered into a Term Loan Facility. The fair value of this debt is categorized within Level 2 of the fair value hierarchy. See Note 6 for further information. (2) In May 2020, the Company issued $258,750,000 of 2.75% Convertibles Notes due in 2026. The fair value of this debt is categorized within Level 2 of the fair value hierarchy. For further discussion, see Note 6 . (3) The carrying value of the amounts outstanding under the Company's ABL Facility and Japan ABL Facility approximates the fair value due to the short-term nature of these obligations. The fair value of this debt is categorized within Level 2 of the fair value hierarchy based on the observable market borrowing rates. See Note 6 for information on the Company's credit facilities, including certain risks and uncertainties related thereto. (4) In December 2017, August 2019 and March 2020, the Company entered into equipment notes that are both secured by certain equipment at the Company's golf ball manufacturing facility. The fair value of this debt is categorized within Level 2 of the fair value hierarchy. See Note 6 for further information.

Derivatives and Hedging (Tables

Derivatives and Hedging (Tables)	6 Months Ended
	Jun. 30, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Summary of Fair Value of Derivative Instruments by Contract Type and Location of Asset and/or Liability on Consolidated Condensed Balance Sheets	The following table summarizes the fair value of the Company's derivative instruments as well as the location of the asset and/or liability on the consolidated condensed balance sheets at June 30, 2020 and December 31, 2019 (in thousands): Balance Sheet Location Fair Value of Asset Derivatives June 30, 2020 December 31, 2019 Derivatives designated as cash flow hedging instruments: Foreign currency forward contracts Other current assets $ 999 $ 53 Derivatives not designated as hedging instruments: Foreign currency forward contracts Other current assets $ 2,379 $ 8 Balance Sheet Location Fair Value of Liability Derivatives June 30, 2020 December 31, 2019 Derivatives designated as cash flow hedging instruments: Foreign currency forward contracts Accounts payable and accrued expenses $ 31 $ 24 Cross-currency debt swap agreements Accounts payable and accrued expenses — 25 Interest rate hedge agreements Accounts payable and accrued expenses 4,756 1,865 Other long-term liabilities 15,846 7,030 Total $ 20,633 $ 8,944 Derivatives not designated as hedging instruments: Foreign currency forward contracts Accounts payable and accrued expenses $ 794 $ 741
Location of Gains in Consolidated Condensed Statements of Operations that were Recognized and Derivative Contract Type	The following table summarizes the location of net gains and losses in the consolidated condensed statements of operations that were recognized during the three and six months ended June 30, 2020 and 2019 , respectively, in addition to the derivative contract type (in thousands): Location of Net Gain Recognized in Income on Derivative Instruments Amount of Net Gain/(Loss) Recognized in Income on Derivatives not designated as hedging instruments Three Months Ended Six Months Ended 2020 2019 2020 2019 Foreign currency forward contracts Other expense, net $ (595 ) $ 691 $ 5,261 $ 1,441

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	6 Months Ended
	Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table details the amounts reclassified from accumulated other comprehensive loss to cost of goods sold, as well as changes in foreign currency translation for the three and six months ended June 30, 2020 . Amounts are in thousands. Derivative Instruments Foreign Currency Translation Total Accumulated other comprehensive loss, March 31, 2020, after tax $ (4,362 ) $ (33,155 ) $ (37,517 ) Change in derivative instruments (2,364 ) — (2,364 ) Net gains reclassified to cost of goods sold (639 ) — (639 ) Net gains reclassified to other income (expense) (11,046 ) — (11,046 ) Net gains reclassified to interest expense 596 — 596 Income tax benefit on derivative instruments 3,023 — 3,023 Foreign currency translation adjustments — 8,155 8,155 Accumulated other comprehensive loss, June 30, 2020, after tax $ (14,792 ) $ (25,000 ) $ (39,792 ) Derivative Instruments Foreign Currency Translation Total Accumulated other comprehensive loss, December 31, 2019, after tax $ (4,203 ) $ (18,219 ) $ (22,422 ) Change in derivative instruments 3,894 — 3,894 Net gains reclassified to cost of goods sold (872 ) — (872 ) Net gains reclassified to other income (expense) (16,781 ) — (16,781 ) Net gains reclassified to interest expense (283 ) — (283 ) Income tax benefit on derivative instruments 3,453 — 3,453 Foreign currency translation adjustments — (6,781 ) (6,781 ) Accumulated other comprehensive loss, June 30, 2020, after tax $ (14,792 ) $ (25,000 ) $ (39,792 )

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Operating Segments	The tables below contain information utilized by management to evaluate its operating segments for the interim periods presented (in thousands). Three Months Ended Six Months Ended 2020 2019 2020 2019 Net sales: Golf Equipment $ 209,943 $ 292,353 $ 501,604 $ 615,972 Apparel, Gear and Other 87,053 154,355 237,668 346,933 $ 296,996 $ 446,708 $ 739,272 $ 962,905 Income (loss) before income taxes: Golf Equipment $ 29,181 $ 55,665 $ 87,801 $ 125,658 Apparel, Gear and Other (11,711 ) 11,314 (15,510 ) 34,033 Reconciling items (1) (193,085 ) (30,873 ) (209,861 ) (65,528 ) $ (175,615 ) $ 36,106 $ (137,570 ) $ 94,163 Additions to long-lived assets: (2) Golf Equipment $ 2,778 $ 7,924 $ 19,740 $ 13,341 Apparel, Gear and Other 3,142 4,289 13,266 8,682 $ 5,920 $ 12,213 $ 33,006 $ 22,023 (1) Reconciling items represent the deduction of corporate general and administration expenses and other income (expenses), which are not utilized by management in determining segment profitability. The increase in reconciling items for the three and six months ended June 30, 2020 compared to June 30, 2019 was primarily due to the recognition of a $174,269,000 impairment loss related to the Jack Wolfskin trade name and goodwill (see Note 9 ). This increase was partially offset by the recognition of a net gain of $11,046,000 related to a cash flow hedge that was discontinued during the second quarter of 2020. Reconciling items also include net gains of $1,622,000 and $9,947,000 recognized on hedging contracts for the three and six months ended June 30, 2020 , respectively. These increases were partially offset by a decrease in non-recurring charges primarily related to the acquisition of Jack Wolfskin in January 2019 (see Note 5 ). (2) Additions to long-lived assets are comprised of purchases of property, plant and equipment.

Basis of Presentation Adoption

Basis of Presentation Adoption of New Accounting Standards (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Adjustment due to the adoption of Topic 326	$ 289
ASU 2016-13 (Topic 326)
Adjustment due to the adoption of Topic 326	$ 289

Leases - Supplemental Balance

Leases - Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Operating leases
ROU assets, net	$ 189,381	$ 160,098
Lease liabilities, short-term	28,772	26,418
Lease liabilities, long-term	172,093	137,696
Finance Leases
ROU assets, net,	1,065	1,263
Lease liabilities, short-term	527	589
Lease liabilities, long-term	$ 539	$ 558

Leases - Components of Lease E

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Operating lease costs	$ 10,279	$ 10,702	$ 21,301	$ 19,599
Financing lease costs:
Amortization of right-of-use assets	153	220	320	477
Interest on lease liabilities	11	30	22	55
Total financing lease costs	164	250	342	532
Variable lease costs	587	846	1,883	2,186
Total lease costs	$ 11,030	$ 11,798	$ 23,526	$ 22,317

Leases - Other Information Rel

Leases - Other Information Related to Leases (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Leases [Abstract]
Operating cash flows from operating leases	$ 18,227	$ 20,100
Operating cash flows from finance leases	22	55
Financing cash flows from finance leases	206	232
Lease liabilities arising from new ROU assets, Operating leases	53,417	7,679
Lease liabilities arising from new ROU assets, Finance leases	$ 130	$ 81
Weighted Average remaining lease term, Operating leases	10 years 1 month 6 days		10 years 4 months 24 days
Weighted Average remaining lease term, Finance leases	2 years 9 months 18 days		2 years 9 months 18 days
Weighted Average Discount Rate, Operating leases	5.40%		5.70%
Weighted Average Discount Rate, Finance leases	4.00%		4.20%

Leases - Future Minimum Lease

Leases - Future Minimum Lease Obligations (Details) $ in Thousands	Jun. 30, 2020USD ($)
Operating Leases
Remainder of 2020	$ 20,417
2020	34,965
2021	30,389
2022	26,453
2023	22,963
Thereafter	127,756
Total future lease payments	262,943
Less: imputed interest	62,078
Total	200,865
Finance Leases
Remainder of 2020	418
2020	270
2021	229
2022	119
2023	46
Thereafter	32
Total future lease payments	1,114
Less: imputed interest	47
Total	$ 1,067

Revenue Recognition - Disaggre

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Net sales	$ 296,996	$ 446,708	$ 739,272	$ 962,905
Golf Equipment
Disaggregation of Revenue [Line Items]
Net sales	209,943	292,353	501,604	615,972
Apparel, Gear and Other
Disaggregation of Revenue [Line Items]
Net sales	87,053	154,355	237,668	346,933
Golf Clubs
Disaggregation of Revenue [Line Items]
Net sales	156,040	223,741	407,264	485,526
Golf Clubs | Golf Equipment
Disaggregation of Revenue [Line Items]
Net sales	156,040	223,741	407,264	485,526
Golf Clubs | Apparel, Gear and Other
Disaggregation of Revenue [Line Items]
Net sales	0	0	0	0
Golf Balls
Disaggregation of Revenue [Line Items]
Net sales	53,903	68,612	94,340	130,446
Golf Balls | Golf Equipment
Disaggregation of Revenue [Line Items]
Net sales	53,903	68,612	94,340	130,446
Golf Balls | Apparel, Gear and Other
Disaggregation of Revenue [Line Items]
Net sales	0	0	0	0
Apparel
Disaggregation of Revenue [Line Items]
Net sales	36,302	73,195	113,592	169,441
Apparel | Golf Equipment
Disaggregation of Revenue [Line Items]
Net sales	0	0	0	0
Apparel | Apparel, Gear and Other
Disaggregation of Revenue [Line Items]
Net sales	36,302	73,195	113,592	169,441
Gear, Accessories and Other
Disaggregation of Revenue [Line Items]
Net sales	50,751	81,160	124,076	177,492
Gear, Accessories and Other | Golf Equipment
Disaggregation of Revenue [Line Items]
Net sales	0	0	0	0
Gear, Accessories and Other | Apparel, Gear and Other
Disaggregation of Revenue [Line Items]
Net sales	50,751	81,160	124,076	177,492
Royalties
Disaggregation of Revenue [Line Items]
Net sales	3,552	5,467	9,097	10,145
United States
Disaggregation of Revenue [Line Items]
Net sales	171,714	247,419	389,217	496,420
Europe
Disaggregation of Revenue [Line Items]
Net sales	50,074	81,630	146,793	208,243
Japan
Disaggregation of Revenue [Line Items]
Net sales	24,640	55,676	101,987	128,904
Rest of World
Disaggregation of Revenue [Line Items]
Net sales	$ 50,568	$ 61,983	$ 101,275	$ 129,338

Revenue Recognition - Contract

Revenue Recognition - Contracts with Customers (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Net sales	$ 296,996	$ 446,708	$ 739,272	$ 962,905
Revenue from gift cards, recognized in period	454	657	1,030	1,090
Unredeemed gift cards
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Deferred revenue from gift cards	1,828		1,828		$ 2,190
Royalties
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Net sales	$ 3,552	$ 5,467	$ 9,097	$ 10,145

Estimated Credit Losses (Detail

Estimated Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 6,140	$ 5,474	$ 5,992	$ 5,610
Adjustment due to the adoption of Topic 326			289
Provision for credit losses	3,619	265	3,632	142
Write-off of uncollectible amounts, net of recoveries	(815)	(240)	(969)	(253)
Ending Balance	$ 8,944	$ 5,499	$ 8,944	$ 5,499

Business Combinations (Details)

Business Combinations (Details) € in Thousands	1 Months Ended		3 Months Ended	6 Months Ended	12 Months Ended
	Jan. 31, 2019EUR (€)	Jan. 31, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)	Jan. 04, 2019EUR (€)	Jan. 04, 2019USD ($)
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Net					$ 77,079,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities, Valuation Allowance					8,281,000
Operating lease right-of-use assets			$ 189,381,000		160,098,000
Goodwill			55,579,000		203,743,000
Operating lease liabilities			200,865,000
Jack Wolfskin
Business Acquisition [Line Items]
Business Combination, Consideration Transferred	€ 457,394	$ 521,201,000
Cash Acquired						€ 50,984,000	$ 58,096,000
Business Combination, Acquisition Related Costs					$ 9,987,000
Gain (loss) recorded upon settlement of foreign currency forward contract				$ (3,215,000)
Accounts receivable							26,637,000
Inventories							94,504,000
Business Combination, Recognized Identifiable Assets Acquired And Liabilities Assumed, Income Tax Receivables							6,588,000
Other current assets							11,483,000
Property and equipment							20,930,000
Operating lease right-of-use assets							120,865,000
Deferred tax assets							2,930,000
Other assets							23,000
Goodwill			150,180,000
Total assets acquired							770,274,000
Accounts Payable and accrued liabilities							46,124,000
Income taxes payable, long-term							2,416,000
Operating lease liabilities							120,524,000
Deferred tax liabilities							80,009,000
Net assets acquired							521,201,000
Jack Wolfskin | General and Administrative Expense
Business Acquisition [Line Items]
Business Combination, Acquisition Related Costs			$ 0	$ 4,723,000
Customer Relationships
Business Acquisition [Line Items]
Useful Life (years)	10 years	10 years
Franchisee & Distributor Relationships | Jack Wolfskin
Business Acquisition [Line Items]
Intangibles - retail partners & distributor relationships							38,743,000
Trade Names | Jack Wolfskin
Business Acquisition [Line Items]
Intangibles - trade name(1)							$ 239,295,000
Royalty Rate | Royalty Savings Income Approach Method | Jack Wolfskin
Business Acquisition [Line Items]
Business Combination, Assumed Indefinite Lived Intangible Assets, Measurement Input						0.050	0.050
Discount Rate | Royalty Savings Income Approach Method | Jack Wolfskin
Business Acquisition [Line Items]
Business Combination, Assumed Indefinite Lived Intangible Assets, Measurement Input						0.100	0.100
Term Loan Facility | Secured Debt
Business Acquisition [Line Items]
Convertible Debt, Face Amount		$ 480,000,000

Financing Arrangements (Asset B

Financing Arrangements (Asset Based Revolving Credit Facility) - Additional Information (Detail)

1 Months Ended

3 Months Ended

6 Months Ended

May 31, 2020USD ($)

Jan. 31, 2019USD ($)

Jun. 30, 2020USD ($)

Jun. 30, 2019USD ($)

Jun. 30, 2020USD ($)

Jun. 30, 2019USD ($)

Jun. 30, 2020JPY (¥)

Jun. 30, 2020USD ($)$ / shares

May 04, 2020USD ($)$ / shares

Dec. 31, 2019USD ($)

Jun. 30, 2018USD ($)

Dec. 31, 2017USD ($)

Debt Instrument [Line Items]

Asset-based credit facilities

$ 55,551,000

$ 144,580,000

$ 165,467,000

Cash and cash equivalents

164,416,000

106,666,000

81,490,000

$ 63,981,000

Total available liquidity

483,110,000

273,387,000

Asset-based credit facility, maximum borrowing capacity

400,000,000

Debt Issuance Costs, Net

8,537,000

Equipment note, short-term

8,653,000

7,317,000

Equipment note, long-term

628,851,000

443,259,000

Long-term debt, gross

734,930,000

Debt instrument, convertible, conversion ratio

0.0567698

Debt Instrument, Convertible, If-converted Value in Excess of Principal

$ 0

Interest income

$ 119,000

$ 476,000

218,000

$ 665,000

Debt Instrument, Capped Call Transaction Cap Price, Per Share | $ / shares

$ 27.10

Debt Instrument, Payment For Capped Call Transactions

$ 31,775,000

United States

Debt Instrument [Line Items]

Asset-based credit facility, maximum borrowing capacity

260,000,000

Germany

Debt Instrument [Line Items]

Asset-based credit facility, maximum borrowing capacity

70,000,000

Canada

Debt Instrument [Line Items]

Asset-based credit facility, maximum borrowing capacity

25,000,000

United Kingdom

Debt Instrument [Line Items]

Asset-based credit facility, maximum borrowing capacity

$ 45,000,000

Bank of America, N.A.

Debt Instrument [Line Items]

Amount outstanding under letters of credit

$ 1,177,000

Average outstanding borrowing

188,559,000

Average available liquidity

$ 160,432,000

Asset-based credit facility, maturity date

May 31, 2024

Debt covenants , dividend restrictions

In addition, the ABL Facility imposes restrictions on the amount the Company could pay in annual cash dividends, including certain restrictions on the amount of additional indebtedness and requirements to maintain a certain fixed charge coverage ratio under certain circumstances.

Debt Covenant, Borrowing Base Below Threshold, Period Ratio Required to be in Compliance

30 days

Fixed Charge Coverage Ratio Covenant Reference Borrowing Capacity, Percent

10.00%

Fixed Charge Coverage Ratio Covenant Reference Borrowing Capacity

$ 40,000,000

Asset-based credit facility, interest rate

3.93%

3.93%

Asset-based credit facility, Monthly fees on unused portion

0.25%

Asset-based credit facility, origination fees

$ 3,526,000

Unamortized origination fees

1,957,000

2,115,000

Bank of America, N.A. | Other Current Assets

Debt Instrument [Line Items]

Asset-based credit facility, origination fees included in other current assets

824,000

746,000

Bank of America, N.A. | Other Assets

Debt Instrument [Line Items]

Asset-based credit facility, origination fees included in other long-term assets

1,134,000

1,369,000

Stretch Term Loan Facility [Member]

Debt Instrument [Line Items]

Asset-based credit facility, maximum borrowing capacity

30,000,000

Japan Credit Facility, 1 | The Bank Of Tokyo-Mitsubishi UFJ

Debt Instrument [Line Items]

Asset-based credit facilities

¥ 3,000,000,000

27,795,000

Asset-based credit facility, maximum borrowing capacity

¥ 4,000,000,000

$ 37,060,000

Applicable margin rate reduction

subject to an effective interest rate equal to the Tokyo interbank offered rate plus 0.80%

Asset-based credit facility, interest rate

0.87%

0.87%

Debt instrument term

3 years

Japan Credit Facility, 1 | The Bank Of Tokyo-Mitsubishi UFJ | Tokyo Interbank Offered Rate (TIBOR)

Debt Instrument [Line Items]

Basis spread on variable rate on debt

0.80%

Japan Credit Facility 2 | The Bank Of Tokyo-Mitsubishi UFJ | Tokyo Interbank Offered Rate (TIBOR)

Debt Instrument [Line Items]

Applicable margin rate reduction

subject to an effective interest rate equal to the Tokyo Interbank Offered Rate (TIBOR) plus 1.0%

Basis spread on variable rate on debt

1.00%

Japan Credit Facility 2 | The Bank of Tokyo-Mitsubishi UFG Ltd

Debt Instrument [Line Items]

Asset-based credit facilities | ¥

¥ 0

Asset-based credit facility, maximum borrowing capacity

¥ 2,000,000,000

$ 18,530,000

Asset-based credit facility, interest rate

1.07%

1.07%

Debt instrument term

1 year

Intellectual Property

Debt Instrument [Line Items]

Line Of Credit, Maximum Borrowing Capacity, Quarterly Reduction Period

3 years

Real Estate

Debt Instrument [Line Items]

Line Of Credit, Maximum Borrowing Capacity, Quarterly Reduction Period

15 years

Convertible Senior Notes, Liability Component

Debt Instrument [Line Items]

Debt Issuance Costs, Net

$ 6,013,000

Convertible Senior Notes, Equity Component

Debt Instrument [Line Items]

Debt Issuance Costs, Net

2,524,000

Secured Debt | 2020 Equipment Note

Debt Instrument [Line Items]

Long-term Debt

26,754,000

19,715,000

Equipment note, short-term

6,550,000

5,107,000

Equipment note, long-term

20,204,000

14,608,000

Interest Expense, Debt

212,000

84,000

$ 377,000

173,000

Secured Debt | Term Loan Facility

Debt Instrument [Line Items]

Long-term Debt

444,000,000

$ 446,400,000

Debt Issuance Costs, Net

14,835,000

Equipment note, short-term

4,800,000

Interest Expense, Debt

$ 6,320,000

$ 9,062,000

13,770,000

$ 17,842,000

Convertible Debt, Face Amount

$ 480,000,000

Debt Issuance Costs, Gross

9,600,000

Long Term Debt, Maximum Additional Loan Commitments, Amounts

$ 225,000,000

Line Of Credit Facility Covenant Terms, First Lien Net Leverage Ratio For Unlimited Commitment

2.25

Debt Instrument, Periodic Payment, Principal

$ 1,200,000

Secured Debt | Term Loan Facility, Short-Term Portion

Debt Instrument [Line Items]

Debt Issuance Costs, Net

2,697,000

Secured Debt | Term Loan Facility, Long-Term Portion

Debt Instrument [Line Items]

Debt Issuance Costs, Net

12,138,000

Convertible Senior Notes

Debt Instrument [Line Items]

Long-term Debt

177,847,000

Convertible Debt, Face Amount

$ 258,750,000

Unamortized debt issuance expense

5,895,000

Unamortized discount

$ 75,008,000

Remaining discount amortization period

5 years 9 months 18 days

Beneficial conversion feature

$ 76,508,000

Debt instrument, convertible, conversion price (in dollars per share) | $ / shares

$ 17.62

Convertible Debt Stated Interest Rate

2.75%

Maximum | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Basis spread on variable rate on debt

4.50%

Maximum | Secured Debt | 2020 Equipment Note

Debt Instrument [Line Items]

Asset-based credit facility, interest rate

3.79%

3.79%

Maximum | Secured Debt | Term Loan Facility | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Basis spread on variable rate on debt

4.50%

Minimum | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Basis spread on variable rate on debt

4.60%

Minimum | Secured Debt | 2020 Equipment Note

Debt Instrument [Line Items]

Asset-based credit facility, interest rate

3.21%

3.21%

Minimum | Secured Debt | Term Loan Facility | London Interbank Offered Rate (LIBOR)

Debt Instrument [Line Items]

Basis spread on variable rate on debt

3.50%

Interest Rate Swap

Debt Instrument [Line Items]

Long-term debt, gross

$ 200,357,000

Currency Swap

Debt Instrument [Line Items]

Hedging Liabilities, Noncurrent

$ 176,200,000

Financing Arrangements - Aggre

Financing Arrangements - Aggregate Amount of Maturities for Debt (Details) $ in Thousands	Jun. 30, 2020USD ($)
Debt Disclosure [Abstract]
Remainder of 2020	$ 7,132
2021	11,297
2022	11,519
2023	9,107
2024	8,290
Thereafter	687,585
Long-term Debt, Gross	$ 734,930

Earnings (Loss) per Common Sh_3

Earnings (Loss) per Common Share - Computation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings (loss) per common share—basic
Net income attributable to Callaway Golf Company	$ (167,684)	$ 28,931	$ (138,790)	$ 77,578
Weighted-average common shares outstanding—basic (in shares)	94,141	94,074	94,225	94,377
Basic earnings per common share (usd per share)	$ (1.78)	$ 0.31	$ (1.47)	$ 0.82
Earnings (loss) per common share—diluted
Weighted-average common shares outstanding—basic (in shares)	94,141	94,074	94,225	94,377
Options and restricted stock (in shares)	0	1,817	0	1,776
Weighted-average common shares outstanding—diluted (in shares)	94,141	95,891	94,225	96,153
Dilutive earnings (loss) per common share (usd per share)	$ (1.78)	$ 0.30	$ (1.47)	$ 0.81

Earnings (Loss) per Common Sh_4

Earnings (Loss) per Common Share - Additional Information (Detail) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	May 04, 2020
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share (in shares)	1,153,000	1,260,000
Convertible Senior Notes
Debt Instrument [Line Items]
Convertible Debt, Face Amount			$ 258,750,000
Convertible Debt Stated Interest Rate			2.75%
Debt instrument, convertible, conversion price (in dollars per share)	$ 17.62	$ 17.62

Inventories (Detail)

Inventories (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Inventories:
Raw materials	$ 69,959	$ 76,140
Work-in-process	997	860
Finished goods	308,213	379,639
Inventories	$ 379,169	$ 456,639

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Goodwill [Line Items]
Goodwill	$ 55,579,000		$ 55,579,000		$ 203,743,000
Goodwill, Period increase (decrease)			(148,164,000)
Goodwill, Impairment Loss			148,375,000
Amortization of Intangible Assets	1,213,000	$ 1,246,000	2,393,000	$ 2,466,000
Jack Wolfskin
Goodwill [Line Items]
Goodwill	$ 150,180,000		$ 150,180,000

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Intangible Assets by Major Asset Class (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Intangible Assets By Major Class [Line Items]
Gross	$ 514,324,000	$ 539,322,000
Accumulated Amortization	48,628,000	45,899,000
Net Book Value	465,696,000	493,423,000
Finite-Lived Intangible Assets, Translation and Purchase Accounting Adjustments	496,000
Indefinite-lived Intangible Assets, Translation and Purchase Accounting Adjustments	64,000
Patents
Intangible Assets By Major Class [Line Items]
Gross	31,581,000	31,581,000
Accumulated Amortization	31,581,000	31,581,000
Net Book Value	$ 0	0
Patents | Minimum
Intangible Assets By Major Class [Line Items]
Useful Life (years)	2 years
Patents | Maximum
Intangible Assets By Major Class [Line Items]
Useful Life (years)	16 years
Other Intangible Assets
Intangible Assets By Major Class [Line Items]
Gross	$ 54,304,000	53,904,000
Accumulated Amortization	17,047,000	14,318,000
Net Book Value	$ 37,257,000	39,586,000
Other Intangible Assets | Minimum
Intangible Assets By Major Class [Line Items]
Useful Life (years)	1 year
Other Intangible Assets | Maximum
Intangible Assets By Major Class [Line Items]
Useful Life (years)	10 years
Trade name, trademark and trade dress and other
Intangible Assets By Major Class [Line Items]
Impairment of Intangible Assets (Excluding Goodwill)	$ 25,894,000
Gross	428,439,000	453,837,000
Net Book Value	$ 428,439,000	$ 453,837,000

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Amortization Expense Related to Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 1,213	$ 1,246	$ 2,393	$ 2,466
Amortization expense related to intangible assets:
Remainder of 2019	2,391		2,391
2020	4,724		4,724
2021	4,548		4,548
2022	4,409		4,409
2023	4,409		4,409
Thereafter	16,776		16,776
Total	$ 37,257		$ 37,257

Joint Venture (Details)

Joint Venture (Details) $ in Thousands, ¥ in Billions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2019JPY (¥)	Dec. 31, 2019USD ($)	Jul. 01, 2016USD ($)
Noncontrolling Interest [Line Items]
Net income (loss) attributable to non-controlling interests	$ 0	$ (33)	$ 0	$ (179)
Callaway Golf Company
Noncontrolling Interest [Line Items]
Noncontrolling Interest in Joint Ventures							$ 10,556
TSI Groove & Sports Co, Ltd
Noncontrolling Interest [Line Items]
Noncontrolling Interest in Joint Ventures							$ 9,744
Accounts payable and accrued expenses | Callaway Apparel K.K.
Noncontrolling Interest [Line Items]
Payments to Acquire Interest in Joint Venture					¥ 2	$ 18,538
Callaway Apparel K.K. | Callaway Apparel K.K.
Noncontrolling Interest [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent							52.00%
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners							48.00%

Investments (Detail)

Investments (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of ownership interest in Topgolf	14.00%
Investments in golf related ventures	$ 0
Investment in Topgolf	90,134,000	$ 90,134,000
Notes Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Note receivable, noncurrent	$ 6,542,000

Product Warranty - Reconciliati

Product Warranty - Reconciliation of Reserve for Warranty Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Guarantees [Abstract]
Warranty policy term			2 years
Movement in Standard and Extended Product Warranty, Increase (Decrease) [Roll Forward]
Beginning balance	$ 9,791	$ 10,783	$ 9,636	$ 7,610
Provision	1,562	2,127	3,370	4,606
Provision liability assumed from acquisition	0	273	0	2,600
Claims paid/costs incurred	(1,574)	(2,207)	(3,227)	(3,840)
Ending balance	$ 9,779	$ 10,976	$ 9,779	$ 10,976

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) € in Thousands	1 Months Ended		3 Months Ended		6 Months Ended
	Jan. 31, 2019EUR (€)	Jan. 31, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Dec. 31, 2019USD ($)	Jan. 04, 2019EUR (€)	Jan. 04, 2019USD ($)
Business Acquisition [Line Items]
Goodwill and Intangible Asset Impairment			$ 174,269,000	$ 0	$ 174,269,000	$ 0
Income tax provision (benefit)			(7,931,000)	7,208,000	$ 1,220,000	$ 16,764,000
Effective tax rate					4.50%	20.00%
Liability for income taxes associated with uncertain tax positions			27,117,000		$ 27,117,000
Net amount of unrecognized tax benefit related to uncertain tax positions that would impact, if recognized, effective income tax rate			11,424,000		11,424,000
Unrecognized tax benefit liabilities decrease			404,000		404,000
Increase in gross liability for uncertain tax positions			737,000		1,124,000
Provision expense (benefit) for income taxes related to interest and penalties			(25,000)	$ (221,000)	(54,000)	$ (189,000)
Income tax accrued for payment of interest and penalties			$ 1,723,000		1,723,000		$ 1,669,000
Jack Wolfskin
Business Acquisition [Line Items]
Business Combination, Consideration Transferred	€ 457,394	$ 521,201,000
Cash Acquired								€ 50,984,000	$ 58,096,000
Deferred Tax Liabilities									80,009,000
Deferred Tax Assets, Other									11,384,000
Finite-Lived Intangible Assets | Jack Wolfskin
Business Acquisition [Line Items]
Deferred Tax Liabilities									$ 88,392,000
Deferred Tax Liability, Period Increase (Decrease)					$ 7,900,000

Income Taxes - Major Jurisdicti

Income Taxes - Major Jurisdictions No Longer Subject to Audit (Details)	6 Months Ended
	Jun. 30, 2020
U.S. federal
Income Tax Examination [Line Items]
Years No Longer Subject to Audit	2010 and prior
California (United States)
Income Tax Examination [Line Items]
Years No Longer Subject to Audit	2008 and prior
Canada
Income Tax Examination [Line Items]
Years No Longer Subject to Audit	2014 and prior
Japan
Income Tax Examination [Line Items]
Years No Longer Subject to Audit	2013 and prior
South Korea
Income Tax Examination [Line Items]
Years No Longer Subject to Audit	2014 and prior
United Kingdom
Income Tax Examination [Line Items]
Years No Longer Subject to Audit	2015 and prior

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Long Term Purchase Commitment [Line Items]
Unconditional purchase obligations, term	4 years
Unconditional purchase obligations	$ 77,138
Minimum
Long Term Purchase Commitment [Line Items]
Unconditional purchase obligations, term	1 year
Maximum
Long Term Purchase Commitment [Line Items]
Unconditional purchase obligations, term	4 years

Commitments and Contingencies_2

Commitments and Contingencies - Future Purchase Commitments (Details) $ in Thousands	Jun. 30, 2020USD ($)
Commitments and Contingencies Disclosure [Abstract]
Remainder of 2020	$ 45,202
2021	20,252
2022	9,119
2023	2,440
2024	125
Unconditional purchase obligations	$ 77,138

Share-Based Employee Compensa_3

Share-Based Employee Compensation - Amounts Recognized for Share-Based Compensation (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Cost of employee share-based compensation included in income, before income tax	$ 2,933	$ 3,530	$ 4,794	$ 6,965
Cost of sales
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Cost of employee share-based compensation included in income, before income tax	239	247	395	502
Operating expenses
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Cost of employee share-based compensation included in income, before income tax	2,694	3,283	$ 4,399	$ 6,463
Performance Shares
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Number of stock units granted (in shares)			125	265
Cost of employee share-based compensation included in income, before income tax	$ 1,572	$ 1,847	$ 1,817	$ 3,646
Performance Share Units with Total Shareholder Return Conditions
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Number of stock units granted (in shares)			125	149

Share-Based Employee Compensa_4

Share-Based Employee Compensation - Additional Information (Details) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020USD ($)$ / sharesshares	Jun. 30, 2019USD ($)$ / sharesshares	Jun. 30, 2020USD ($)plan$ / sharesshares	Jun. 30, 2019USD ($)$ / sharesshares	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shareholder approved stock plans | plan			2
Cost (reversal) of employee share-based compensation included in income, before income tax	$ 2,933	$ 3,530	$ 4,794	$ 6,965
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock units granted (in shares) | shares	134	53	402	452
Total unrecognized compensation expense related to non-vested shares granted	$ 12,349		$ 12,349
Number of years compensation expense to be recognized over			2 years 1 month 6 days
Stock units, weighted average grant-date fair value (usd per share) | $ / shares	$ 14.15	$ 16.73	$ 17.83	$ 15.35
Compensation expense related to restricted stocks	$ 1,362	$ 1,683	$ 2,977	$ 3,319
Restricted Stock Units (RSUs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			1 year
Restricted Stock Units (RSUs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			3 years
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock units granted (in shares) | shares			125	265
Total unrecognized compensation expense related to non-vested shares granted	8,170		$ 8,170
Number of years compensation expense to be recognized over				1 year 8 months 12 days
Stock units, weighted average grant-date fair value (usd per share) | $ / shares			$ 19.66	$ 15.17
Share-based Compensation Arrangement by Share-based Payment Award, Target Award Shares, Percent						80.00%
Cost (reversal) of employee share-based compensation included in income, before income tax	$ 1,572	$ 1,847	$ 1,817	$ 3,646
Performance Shares | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			3 years
Share-based Compensation Arrangement by Share-based Payment Award, Target Award Shares, Percent			50.00%		50.00%
Shares awarded as a percentage of granted			0.00%
Award requisite service period			1 year
Performance Shares | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			5 years
Share-based Compensation Arrangement by Share-based Payment Award, Target Award Shares, Percent			80.00%
Shares awarded as a percentage of granted			200.00%
Award requisite service period			5 years
Performance Share Units with Total Shareholder Return Conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of stock units granted (in shares) | shares			125	149
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period			3 years
Stock units, weighted average grant-date fair value (usd per share) | $ / shares			$ 23.22	$ 16.96

Fair Value of Financial Instr_3

Fair Value of Financial Instruments - Foreign Currency Exchange Contracts Measured at Fair Value on Recurring Basis (Detail) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign currency forward contracts, net	$ (18,049)	$ (3,461)
Foreign Exchange Contract
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign currency forward contracts—asset position	3,378	61
Foreign currency forward contracts—liability position	(825)	(766)
Currency Swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign currency forward contracts—asset position		6,163
Foreign currency forward contracts—liability position		(25)
Interest Rate Swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign currency forward contracts—liability position	(20,602)	(8,894)
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign currency forward contracts, net	(18,049)	(3,461)
Level 2 | Foreign Exchange Contract
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign currency forward contracts—asset position	3,378	61
Foreign currency forward contracts—liability position	(825)	(766)
Level 2 | Currency Swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign currency forward contracts—asset position		6,163
Foreign currency forward contracts—liability position		(25)
Level 2 | Interest Rate Swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign currency forward contracts—liability position	$ (20,602)	$ (8,894)

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Fair Value Relating to Financial Assets and Liabilities (Details) - USD ($)	6 Months Ended
	Jun. 30, 2020	Dec. 31, 2019	Jan. 31, 2019
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Goodwill, Impairment Loss	$ 148,375,000
Secured Debt | Term Loan Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible Debt, Face Amount			$ 480,000,000
Long-term Debt	444,000,000	$ 446,400,000
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible Debt	258,750,000	0
Carrying Value | Secured Debt | Term Loan Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	444,000,000	446,400,000
Carrying Value | Secured Debt | Equipment Note
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	26,754,000	19,715,000
Carrying Value | ABL Facility | Bank of America, N.A.
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Credit facilities	27,756,000	114,480,000
Carrying Value | Japan ABL Facilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Credit facilities	27,795,000	30,100,000
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible Debt	319,952,000,000	0
Fair Value | Secured Debt | Term Loan Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	440,168,000	450,864,000
Fair Value | Secured Debt | Equipment Note
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt	26,754,000	19,715,000
Fair Value | ABL Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Credit facilities	27,756,000	114,480,000
Fair Value | Japan ABL Facilities
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Credit facilities	27,795,000	$ 30,100,000
Trade name, trademark and trade dress and other
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impairment of Intangible Assets (Excluding Goodwill)	$ 25,894,000

Derivatives and Hedging - Summa

Derivatives and Hedging - Summary of Fair Value of Derivative Instruments by Contract Type and Location of Asset and/or Liability on Consolidated Condensed Balance Sheets (Details) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Not Designated as Hedging Instrument | Other Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	$ 2,379	$ 8
Not Designated as Hedging Instrument | Foreign Exchange Forward | Accounts payable and accrued expenses
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	794	741
Cash Flow Hedging | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	20,633	8,944
Cash Flow Hedging | Designated as Hedging Instrument | Foreign Exchange Forward | Other Current Assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	999	53
Cash Flow Hedging | Designated as Hedging Instrument | Foreign Exchange Forward | Accounts payable and accrued expenses
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	31	24
Cash Flow Hedging | Designated as Hedging Instrument | Currency Swap | Accounts payable and accrued expenses
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	0	25
Cash Flow Hedging | Designated as Hedging Instrument | Interest Rate Swap | Accounts payable and accrued expenses
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	4,756	1,865
Cash Flow Hedging | Designated as Hedging Instrument | Interest Rate Swap | Other Noncurrent Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	$ 15,846	$ 7,030

Derivatives and Hedging - Addit

Derivatives and Hedging - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Jan. 31, 2019
Derivative [Line Items]
Minimum Length of Time, Foreign Currency Cash Flow Hedge			12 months
Maximum maturity for foreign currency cash flow hedge			15 months
Maximum maturity for foreign currency derivatives			12 months
Forward points amortized on derivatives	$ 232,000		$ 464,000
Foreign currency gains (losses)	2,906,000	$ 2,729,000	(2,241,000)	$ (2,609,000)
Foreign Exchange Forward
Derivative [Line Items]
Forward points amortized on derivatives			0
Foreign Exchange Forward | Cost Of Goods Sold
Derivative [Line Items]
Gain Reclassified from AOCI into COGS	407,000		408,000
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax		242,000		565,000
Currency Swap
Derivative [Line Items]
Gain Reclassified from AOCI into COGS	11,463,000	553,000	18,510,000	2,251,000
Designated as Hedging Instrument | Foreign Exchange Contract
Derivative [Line Items]
Derivative Instrument, Notional Amount	40,745,000		40,745,000		$ 0
Designated as Hedging Instrument | Foreign Exchange Forward
Derivative [Line Items]
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net			1,103,000
Designated as Hedging Instrument | Currency and Interest Rate Swap Agreements
Derivative [Line Items]
Derivative Instrument, Notional Amount	197,352,000		197,352,000		198,353,000
Not Designated as Hedging Instrument | Foreign Exchange Contract
Derivative [Line Items]
Derivative Instrument, Notional Amount	125,108,000		125,108,000		$ 72,119,000
Cash Flow Hedging | Designated as Hedging Instrument
Derivative [Line Items]
Gain Reclassified from AOCI into COGS	11,084,000	(1,269,000)	17,935,000	2,581,000
Cash Flow Hedging | Designated as Hedging Instrument | Foreign Exchange Forward
Derivative [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax			1,974,000
Gain Reclassified from AOCI into COGS	638,000	228,000	872,000	374,000
Cash Flow Hedging | Designated as Hedging Instrument | Currency Swap
Derivative [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax			15,081,000
Gain Reclassified from AOCI into COGS	11,463,000	(1,463,000)	18,510,000	2,251,000
Cash Flow Hedging | Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax	(1,928,000)		(13,161,000)
Gain Reclassified from AOCI into COGS	$ (1,017,000)	$ (34,000)	$ (1,447,000)	$ (44,000)
Secured Debt | Term Loan Facility
Derivative [Line Items]
Convertible Debt, Face Amount						$ 480,000,000

Derivatives and Hedging - Locat

Derivatives and Hedging - Location of Gains in Consolidated Condensed Statements of Operations that were Recognized and Derivative Contract Type (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax	$ (2,364,000)		$ 3,894,000
Interest income	119,000	$ 476,000	218,000	$ 665,000
Forward points amortized on derivatives	232,000		464,000
Other (expense) income, net
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Net Gain (Loss) Recognized in Income on Derivative Instruments	(595,000)	691,000	5,261,000	1,441,000
Foreign Exchange Forward
Derivative Instruments, Gain (Loss) [Line Items]
Forward points amortized on derivatives			0
Foreign Exchange Forward | Cost Of Goods Sold
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, before Tax		242,000		565,000
Gain Reclassified from AOCI into COGS	407,000		408,000
Currency Swap
Derivative Instruments, Gain (Loss) [Line Items]
Gain Reclassified from AOCI into COGS	11,463,000	553,000	18,510,000	2,251,000
Currency Swap | Other (expense) income, net
Derivative Instruments, Gain (Loss) [Line Items]
Gain Reclassified from AOCI into COGS	11,046,000	2,731,000	5,735,000	35,000
Currency Swap | Interest Income
Derivative Instruments, Gain (Loss) [Line Items]
Gain Reclassified from AOCI into COGS	417,000	2,178,000	1,730,000	2,287,000
Interest Rate Swap | Interest Expense
Derivative Instruments, Gain (Loss) [Line Items]
Gain Reclassified from AOCI into COGS	(1,017,000)		(1,451,000)
Designated as Hedging Instrument | Currency and Interest Rate Swap Agreements
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instrument, Notional Amount	197,352,000		197,352,000		$ 198,353,000
Designated as Hedging Instrument | Cash Flow Hedging
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax		(6,836,000)		(6,160,000)
Gain Reclassified from AOCI into COGS	11,084,000	(1,269,000)	17,935,000	2,581,000
Designated as Hedging Instrument | Cash Flow Hedging | Foreign Exchange Forward
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax	(436,000)	27,000	1,974,000	573,000
Gain Reclassified from AOCI into COGS	638,000	228,000	872,000	374,000
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax			1,974,000
Designated as Hedging Instrument | Cash Flow Hedging | Currency Swap
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax	0	(2,907,000)	15,081,000	1,164,000
Gain Reclassified from AOCI into COGS	11,463,000	(1,463,000)	18,510,000	2,251,000
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax			15,081,000
Designated as Hedging Instrument | Cash Flow Hedging | Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax	(1,928,000)	(3,956,000)	(13,161,000)	(7,897,000)
Gain Reclassified from AOCI into COGS	(1,017,000)	$ (34,000)	(1,447,000)	$ (44,000)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax	(1,928,000)		(13,161,000)
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net	4,756,000		4,756,000
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent
Derivative Instruments, Gain (Loss) [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax	$ (2,364,000)		$ 3,894,000

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Additional (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Mar. 31, 2020	Dec. 31, 2019
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	$ 13,453	$ 5,567	$ 14,042	$ 8,741
Income tax benefit on derivative instruments	3,023	1,916	3,453	1,488
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax	8,155		(6,781)
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	0	(231)	0	(339)
Foreign currency translation adjustments	8,155	1,321	(6,781)	(1,657)
Accumulated other comprehensive loss, ending balance	(39,792)		(39,792)		$ (37,517)	$ (22,422)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax	(2,364)		3,894
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Income tax benefit on derivative instruments	3,023		3,453
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax	0		0
Accumulated other comprehensive loss, ending balance	(14,792)		(14,792)		(4,362)	(4,203)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax	(2,364)		3,894
Accumulated Foreign Currency Adjustment Attributable to Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Income tax benefit on derivative instruments	0		0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax			(6,781)
Foreign currency translation adjustments	8,155
Accumulated other comprehensive loss, ending balance	(25,000)		(25,000)		$ (33,155)	$ (18,219)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax	0		0
Cost Of Goods Sold | Foreign Exchange Forward
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax			(872)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Ineffective Portion, Net of Tax	(639)
Cost Of Goods Sold | Foreign Exchange Forward | Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	(639)		(872)
Cost Of Goods Sold | Foreign Exchange Forward | Accumulated Foreign Currency Adjustment Attributable to Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	0		0
Other (expense) income, net | Foreign Exchange Forward
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	(11,046)		(16,781)
Other (expense) income, net | Foreign Exchange Forward | Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	(11,046)		(16,781)
Other (expense) income, net | Foreign Exchange Forward | Accumulated Foreign Currency Adjustment Attributable to Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	0		0
Interest Expense | Foreign Exchange Forward
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	(596)		(283)
Interest Expense | Foreign Exchange Forward | Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	596		(283)
Interest Expense | Foreign Exchange Forward | Accumulated Foreign Currency Adjustment Attributable to Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	0		0
Designated as Hedging Instrument | Cash Flow Hedging
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax		(6,836)		(6,160)
Designated as Hedging Instrument | Cash Flow Hedging | Foreign Exchange Forward
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification and Tax	$ (436)	$ 27	$ 1,974	$ 573

Segment Information - Informati

Segment Information - Information Utilized by Management to Evaluate its Operating Segments (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)segment	Jun. 30, 2019USD ($)
Segment Reporting Information [Line Items]
Number of operating segments | segment			2
Net sales	$ 296,996,000	$ 446,708,000	$ 739,272,000	$ 962,905,000
Income before income taxes	(175,615,000)	36,106,000	(137,570,000)	94,163,000
Additions to long-lived assets	5,920,000	12,213,000	33,006,000	22,023,000
Corporate, Non-Segment
Segment Reporting Information [Line Items]
Income before income taxes	(193,085,000)	(30,873,000)	(209,861,000)	(65,528,000)
Foreign Currency Transaction and Translation Gain (Loss), before Tax, Total			9,947,000
Golf Clubs | Operating segments
Segment Reporting Information [Line Items]
Net sales	209,943,000	292,353,000
Income before income taxes	29,181,000	55,665,000
Additions to long-lived assets	2,778,000	7,924,000
Golf Equipment
Segment Reporting Information [Line Items]
Net sales	209,943,000	292,353,000	501,604,000	615,972,000
Golf Equipment | Operating segments
Segment Reporting Information [Line Items]
Net sales			501,604,000	615,972,000
Income before income taxes			87,801,000	125,658,000
Additions to long-lived assets			19,740,000	13,341,000
Apparel, Gear and Other
Segment Reporting Information [Line Items]
Net sales	87,053,000	154,355,000	237,668,000	346,933,000
Apparel, Gear and Other | Operating segments
Segment Reporting Information [Line Items]
Net sales	87,053,000	154,355,000	237,668,000	346,933,000
Income before income taxes	(11,711,000)	11,314,000	(15,510,000)	34,033,000
Additions to long-lived assets	$ 3,142,000	$ 4,289,000	$ 13,266,000	$ 8,682,000