Topgolf Callaway Brands (MODG) 10-K 1 Mar 21 2020 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2020	Jan. 31, 2021	Jun. 30, 2020
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2020
Document Transition Report	false
Entity File Number	1-10962
Entity Registrant Name	Callaway Golf Company
Entity Central Index Key	0000837465
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Well-known Seasoned Issuer	Yes
Entity Public Float			$ 1,648,803,655
Entity Common Stock, Shares Outstanding		94,241,747
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	ELY
Security Exchange Name	NYSE
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
ICFR Auditor Attestation Flag	true
Documents Incorporated by Reference	Part III incorporates certain information by reference from the registrant’s Definitive Proxy Statement to be filed with the Securities and Exchange Commission ("SEC" or “Commission”) pursuant to Regulation 14A in connection with the registrant’s 2021 Annual Meeting of Shareholders, which is scheduled to be held on May 19, 2021. Such Definitive Proxy Statement will be filed with the Commission not later than 120 days after the conclusion of the registrant’s fiscal year ended December 31, 2020.
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Amendment Flag	false

Transactions with Related Parti

Transactions with Related Parties	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Transactions with Related Parties	Note 21. Transactions with Related Parties The Callaway Golf Company Foundation (the “Foundation”) oversees and administers charitable giving and makes grants to selected organizations. Officers of the Company also serve as directors of the Foundation and the Company’s employees provide accounting and administrative services for the Foundation. During 2020, the Company did not make any contributions to the Foundation. In each of 2019 and 2018, the Company recognized charitable contribution expense of $750,000 for the Foundation.

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 366,119,000	$ 106,666,000
Accounts receivable, net	138,482,000	140,455,000
Inventories	352,544,000	456,639,000
Income taxes receivable	629,000	9,919,000
Other current assets	54,853,000	75,671,000
Total current assets	912,627,000	789,350,000
Property, plant and equipment, net	146,495,000	132,760,000
ROU assets, net	194,776,000	160,098,000
Intangible assets, net	484,339,000	493,423,000
Deferred Tax Assets, Net, Noncurrent	59,735,000	73,948,000
Goodwill	56,658,000	203,743,000
Investment in golf-related venture	111,442,000	90,134,000
Income taxes receivable	14,528,000	17,092,000
Total assets	1,980,600,000	1,960,548,000
Current liabilities:
Accounts payable and accrued expenses	278,755,000	276,300,000
Accrued employee compensation and benefits	30,937,000	46,891,000
Asset-based credit facilities	22,130,000	144,580,000
Lease liabilities, short-term	29,579,000	26,418,000
Accrued warranty expense	9,364,000	9,636,000
Current portion of long-term debt	14,599,000	7,317,000
Income taxes payable	5,908,000	12,104,000
Total current liabilities	391,272,000	523,246,000
Long-term liabilities:
Lease liabilities, long-term	177,996,000	137,696,000
Income tax liability	6,943,000	7,264,000
Deferred taxes, net	58,628,000	73,483,000
Long-Term Debt, excluding current portion	650,564,000	443,259,000
Other Liabilities, Noncurrent	19,553,000	8,247,000
Commitments & contingencies (Note 14)
Shareholders’ equity:
Preferred stock, $.01 par value, 3,000,000 shares authorized, none issued and outstanding at both December 31, 2020 and 2019	0	0
Common stock, $.01 par value, 240,000,000 shares authorized, 95,648,648 shares issued at both December 31, 2020 and 2019	956,000	956,000
Additional paid-in capital	346,945,000	323,600,000
Retained earnings	360,228,000	489,382,000
Accumulated other comprehensive loss	(6,546,000)	(22,422,000)
Less: Common stock held in treasury, at cost, 1,446,408 shares and 1,450,875 shares at December 31, 2020 and 2019, respectively	(25,939,000)	(24,163,000)
Total shareholders’ equity	675,644,000	767,353,000
Total liabilities and shareholders’ equity	$ 1,980,600,000	$ 1,960,548,000

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars 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 (in dollars 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 (in shares)	1,446,408	1,450,875

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Statement [Abstract]
Net sales	$ 1,589,460,000	$ 1,701,063,000	$ 1,242,834,000
Cost of sales	931,875,000	934,276,000	664,465,000
Gross profit	657,585,000	766,787,000	578,369,000
Selling expenses	391,815,000	438,238,000	308,709,000
General and administrative expenses	150,716,000	145,302,000	100,466,000
Research and development expenses	46,300,000	50,579,000	40,752,000
Goodwill and intangible asset impairment	174,269,000	0	0
Total operating expenses	763,100,000	634,119,000	449,927,000
(Loss) income from operations	(105,515,000)	132,668,000	128,442,000
Interest income	492,000	807,000	594,000
Interest expense	(47,424,000)	(39,300,000)	(5,543,000)
Other income, net	24,969,000	1,594,000	7,779,000
(Loss) income before income taxes	(127,478,000)	95,769,000	131,272,000
Income tax (benefit) provision	(544,000)	16,540,000	26,018,000
Net (loss) income	(126,934,000)	79,229,000	105,254,000
Less: Net (loss) income attributable to non-controlling interests	0	(179,000)	514,000
Net (loss) income attributable to Callaway Golf Company	$ (126,934,000)	$ 79,408,000	$ 104,740,000
(Loss) earnings per common share:
Basic (in dollars per share)	$ (1.35)	$ 0.84	$ 1.11
Diluted (in dollars per share)	$ (1.35)	$ 0.82	$ 1.08
Weighted-average common shares outstanding:
Basic (in shares)	94,201	94,251	94,579
Diluted (in shares)	94,201	96,287	97,153

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (126,934)	$ 79,229	$ 105,254
Other comprehensive (loss) income:
Change in derivative instruments	(12,730)	(5,585)	153
Foreign currency translation adjustments	25,690	(4,751)	(7,672)
Comprehensive (loss) income, before income tax on other comprehensive income items	(113,974)	68,893	97,735
Income tax provision on derivative instruments	2,916	1,275	282
Comprehensive (loss) income	(111,058)	70,168	98,017
Less: Comprehensive (loss) income attributable to non-controlling interests	0	(339)	297
Comprehensive (loss) income attributable to Callaway Golf Company	$ (111,058)	$ 70,507	$ 97,720

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities:
Net income (loss)	$ (126,934)	$ 79,229	$ 105,254
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	39,508	34,951	19,948
Lease amortization expense	32,730	30,893	0
Amortization of debt issuance costs	4,200	3,262	0
Debt discount amortization	6,331	0	0
Inventory step-up on acquisition	0	10,885	0
Impairment loss	174,269	0	0
Deferred taxes, net	(12,507)	(1,381)	21,705
Non-cash share-based compensation	10,927	12,896	13,530
Loss (gain) on disposal of long-lived assets	336	218	(13)
Gain on conversion of note receivable	(1,252)	0	0
Unrealized net losses (gains) on hedging instruments and foreign currency	2,750	3,642	(4,585)
Changes in assets and liabilities, net of effects of acquisitions:
Accounts receivable, net	9,950	(44,476)	(2,109)
Inventories	116,963	(33,952)	(78,017)
Other assets	19,751	(12,124)	(9,975)
Accounts payable and accrued expenses	(9,899)	34,908	22,268
Accrued employee compensation and benefits	(16,558)	(2,460)	3,148
Accrued warranty expense	(272)	(144)	953
Change in operating leases, net	(29,372)	(29,874)	0
Income taxes receivable/payable, net	1,979	1,414	82
Other liabilities	5,338	(1,337)	93
Net cash provided by operating activities	228,238	86,550	92,282
Cash flows from investing activities:
Capital expenditures	(39,262)	(54,702)	(36,825)
Investment in golf-related ventures	(19,999)	(17,897)	(1,743)
Acquisitions, net of cash acquired	0	(463,105)	0
Proceeds from sales of property and equipment	49	38	43
Net cash used in investing activities	(59,212)	(535,666)	(38,525)
Cash flows from financing activities:
Proceeds from issuance of convertible notes	258,750	0	0
Proceeds from issuance of long-term debt	37,728	493,167	0
Premium paid for capped call confirmations	(31,775)	0	0
Debt issuance cost	9,102	19,091	0
(Repayments of) proceeds from credit facilities, net	(122,450)	105,850	(47,455)
Repayments of long-term debt	(12,437)	(36,685)	(2,186)
Repayments of financing leases	(792)	(706)	0
Exercise of stock options	248	368	1,636
Dividends paid	(1,891)	(3,776)	(3,788)
Acquisition of treasury stock	(22,213)	(28,073)	(22,456)
Distributions to non-controlling interest	0	0	(821)
Purchase of non-controlling interest	0	(18,538)	0
Net cash provided by (used in) financing activities	96,066	492,516	(75,070)
Effect of exchange rate changes on cash and cash equivalents	(5,639)	(715)	(380)
Net increase (decrease) in cash and cash equivalents	259,453	42,685	(21,693)
Cash and cash equivalents at beginning of year	106,666	63,981	85,674
Cash and cash equivalents at end of year	366,119	106,666	63,981
Supplemental disclosures:
Cash paid for interest and fees	34,359	32,875	4,990
Cash paid for income taxes, net	3,061	9,520	9,564
Noncash investing and financing activities:
Accrued capital expenditures at period-end	1,497	3,128	2,672
Issuance of treasury stock and common stock for compensatory stock awards released from restriction	$ 19,762	$ 20,656	$ 5,744

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Callaway Golf Company	Non-controlling Interest
Cumulative Effect on Retained Earnings, Net of Tax	$ 0			$ (11,185,000)			$ (11,185,000)
Beginning balance (in shares) at Dec. 31, 2017		95,043				411
Beginning balance at Dec. 31, 2017	659,375,000	$ 950,000	$ 335,222,000	324,081,000	$ (6,166,000)	$ (4,456,000)	649,631,000	$ 9,744,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Acquisition of treasury stock (in shares)						(1,412)
Acquisition of treasury stock	(22,456,000)					$ (22,456,000)	(22,456,000)
Exercise of stock options (in shares)						231
Exercise of stock options	1,636,000		(1,734,000)			$ 3,370,000	1,636,000
Compensatory awards released from restriction (in shares)		606				451
Compensatory awards released from restriction	0	$ 6,000	(5,744,000)			$ 5,738,000
Share-based compensation	13,530,000		13,530,000				13,530,000
Stock dividends (in shares)		0				(3)
Stock dividends	0		(33,000)	(49,000)		$ 82,000
Cash dividends ($0.04 per share)	(3,788,000)			(3,788,000)			(3,788,000)
Equity adjustment from foreign currency translation	(7,672,000)				(7,969,000)		(7,969,000)	297,000
Change in fair value of derivative instruments, net of tax	435,000				435,000		435,000
Non-controlling interest	821,000							821,000
Net income	105,254,000			104,740,000			104,740,000	514,000
Ending balance (in shares) at Dec. 31, 2018		(95,649)				(1,138)
Ending 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
Cumulative Effect on Retained Earnings, Net of Tax	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Acquisition of treasury stock (in shares)						(1,690)
Acquisition of treasury stock	(28,073,000)					$ (28,073,000)	(28,073,000)
Exercise of stock options (in shares)						56
Exercise of stock options	368,000		(560,000)			$ 928,000	368,000
Compensatory awards released from restriction (in shares)		0				1,318
Compensatory awards released from restriction	0	$ 0	(20,656,000)			$ 20,656,000
Share-based compensation	12,896,000		12,896,000				12,896,000
Stock dividends (in shares)						(3)
Stock dividends	0		1,000	(49,000)		$ 48,000
Cash dividends ($0.04 per share)	(3,776,000)			(3,776,000)			(3,776,000)
Equity adjustment from foreign currency translation	(4,751,000)				(4,412,000)		(4,412,000)	(339,000)
Change in fair value of derivative instruments, net of tax	(4,310,000)				(4,310,000)		(4,310,000)
Non-controlling interest	18,538,000		9,322,000				9,322,000	9,216,000
Net income	79,229,000			79,408,000			79,408,000	(179,000)
Ending balance (in shares) at Dec. 31, 2019		(95,649)				(1,451)
Ending 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	0
Cumulative Effect on Retained Earnings, Net of Tax	289,000			(289,000)			(289,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Acquisition of treasury stock (in shares)						(1,181)
Acquisition of treasury stock	$ (22,213,000)					$ (22,213,000)	(22,213,000)
Exercise of stock options (in shares)	37					37
Exercise of stock options	$ 248,000		(390,000)			$ 638,000	248,000
Compensatory awards released from restriction (in shares)						1,144
Compensatory awards released from restriction	0		(19,762,000)			$ 19,762,000
Share-based compensation	10,927,000		10,927,000				10,927,000
Stock dividends (in shares)						5
Stock dividends	0		3,000	(40,000)		$ 37,000
Cash dividends ($0.04 per share)	(1,891,000)			(1,891,000)			(1,891,000)
Equity adjustment from foreign currency translation	25,690,000				25,690,000		25,690,000	0
Change in fair value of derivative instruments, net of tax	(9,814,000)				(9,814,000)		(9,814,000)
Net income	(126,934,000)			(126,934,000)			(126,934,000)	0
Ending balance (in shares) at Dec. 31, 2020		(95,649)				(1,446)
Ending balance at Dec. 31, 2020	675,644,000	$ 956,000	346,945,000	$ 360,228,000	$ (6,546,000)	$ (25,939,000)	$ 675,644,000	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt	57,080,000		57,080,000
Adjustments To Additional Paid In Capital, Capped Call Transactions, Net Of Tax	$ (24,513,000)		$ (24,513,000)

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY CONSOLIDATED STATEMENTS OF SHAREHOLDERS EQUITY - Parenthetical - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Statement of Stockholders' Equity [Abstract]
Cash dividends (in usd per share)	$ 0.02	$ 0.04	$ 0.04

Leases

Leases	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Leases	Note 3. 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 the minimum 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 the 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 in the form of deferments and abatements on a few of its operating leases. The Company opted to not modify these leases in accordance with 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, and account for these concessions as if they were made under the enforceable rights included in the original agreement. Rent deferments were recorded as a payable and paid at a later negotiated date. Rent abatements were recognized as reductions in rent expense over the periods covered by the abatement period. The Company received rent deferments of $687,000, which were recorded in accounts payable and accrued expenses in the Consolidated Balance Sheet as of December 31, 2020, and rent abatements of $1,435,000 which were recorded as reductions in rent expense in the Consolidated Statements of Operations for the year ended December 31, 2020. Supplemental balance sheet information related to leases is as follows (in thousands): Balance Sheet Location December 31, 2020 December 31, 2019 Operating leases ROU assets, net Operating lease right-of-use assets, net $ 194,776 $ 160,098 Lease liabilities, short-term Operating lease liabilities, short-term $ 29,579 $ 26,418 Lease liabilities, long-term Operating lease liabilities, long-term $ 177,996 $ 137,696 Finance Leases ROU assets, net, Other assets $ 1,003 $ 1,263 Lease liabilities, short-term Accounts payable and accrued expenses $ 252 $ 589 Lease liabilities, long-term Long-term other $ 447 $ 558 The components of lease expense are as follows (in thousands): December 31, 2020 December 31, 2019 Operating lease costs $ 42,520 $ 38,449 Financing lease costs: Amortization of right-of-use assets 870 845 Interest on lease liabilities 47 83 Total financing lease costs 917 928 Variable lease costs 2,473 4,361 Total lease costs $ 45,910 $ 43,738 Other information related to leases was as follows (in thousands): Supplemental Cash Flows Information December 31, 2020 December 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 39,774 $ 38,926 Operating cash flows from finance leases $ 47 $ 83 Financing cash flows from finance leases $ 792 $ 706 Lease liabilities arising from new ROU assets: Operating leases $ 65,547 $ 18,026 Finance leases $ 139 $ 308 Weighted average remaining lease term (years): Operating leases 9.8 10.4 Finance leases 3.0 2.8 Weighted average discount rate: Operating leases 5.3 % 5.7 % Finance leases 3.9 % 4.2 % Future minimum lease obligations as of December 31, 2020 were as follows (in thousands): Operating Leases Finance Leases 2021 $ 40,212 $ 282 2022 34,548 240 2023 30,211 129 2024 26,028 49 2025 22,855 26 Thereafter 115,052 8 Total future lease payments 268,906 734 Less: imputed interest 61,331 35 Total $ 207,575 $ 699
Leases	Note 3. 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 the minimum 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 the 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 in the form of deferments and abatements on a few of its operating leases. The Company opted to not modify these leases in accordance with 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, and account for these concessions as if they were made under the enforceable rights included in the original agreement. Rent deferments were recorded as a payable and paid at a later negotiated date. Rent abatements were recognized as reductions in rent expense over the periods covered by the abatement period. The Company received rent deferments of $687,000, which were recorded in accounts payable and accrued expenses in the Consolidated Balance Sheet as of December 31, 2020, and rent abatements of $1,435,000 which were recorded as reductions in rent expense in the Consolidated Statements of Operations for the year ended December 31, 2020. Supplemental balance sheet information related to leases is as follows (in thousands): Balance Sheet Location December 31, 2020 December 31, 2019 Operating leases ROU assets, net Operating lease right-of-use assets, net $ 194,776 $ 160,098 Lease liabilities, short-term Operating lease liabilities, short-term $ 29,579 $ 26,418 Lease liabilities, long-term Operating lease liabilities, long-term $ 177,996 $ 137,696 Finance Leases ROU assets, net, Other assets $ 1,003 $ 1,263 Lease liabilities, short-term Accounts payable and accrued expenses $ 252 $ 589 Lease liabilities, long-term Long-term other $ 447 $ 558 The components of lease expense are as follows (in thousands): December 31, 2020 December 31, 2019 Operating lease costs $ 42,520 $ 38,449 Financing lease costs: Amortization of right-of-use assets 870 845 Interest on lease liabilities 47 83 Total financing lease costs 917 928 Variable lease costs 2,473 4,361 Total lease costs $ 45,910 $ 43,738 Other information related to leases was as follows (in thousands): Supplemental Cash Flows Information December 31, 2020 December 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 39,774 $ 38,926 Operating cash flows from finance leases $ 47 $ 83 Financing cash flows from finance leases $ 792 $ 706 Lease liabilities arising from new ROU assets: Operating leases $ 65,547 $ 18,026 Finance leases $ 139 $ 308 Weighted average remaining lease term (years): Operating leases 9.8 10.4 Finance leases 3.0 2.8 Weighted average discount rate: Operating leases 5.3 % 5.7 % Finance leases 3.9 % 4.2 % Future minimum lease obligations as of December 31, 2020 were as follows (in thousands): Operating Leases Finance Leases 2021 $ 40,212 $ 282 2022 34,548 240 2023 30,211 129 2024 26,028 49 2025 22,855 26 Thereafter 115,052 8 Total future lease payments 268,906 734 Less: imputed interest 61,331 35 Total $ 207,575 $ 699

Revenue Recognition Revenue Rec

Revenue Recognition Revenue Recognition	12 Months Ended
	Dec. 31, 2020
Revenue Recognition [Abstract]
Revenue from Contract with Customer [Text Block]	Note 4. 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 Year Ended December 31, 2020 Year Ended December 31, 2019 Golf Equipment Apparel, Gear Total Golf Equipment Apparel, Gear Total Major product category: Golf Clubs $ 787,072 $ — $ 787,072 $ 768,310 $ — $ 768,310 Golf Balls 195,603 — 195,603 210,863 — 210,863 Apparel — 349,272 349,272 — 410,712 410,712 Gear, Accessories & Other — 257,513 257,513 — 311,178 311,178 $ 982,675 $ 606,785 $ 1,589,460 $ 979,173 $ 721,890 $ 1,701,063 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 are generally higher on a regional basis, with the exception of Europe, which has a higher concentration of sales of apparel, gear and other as a result of the Jack Wolfskin acquisition completed in January 2019. See Note 20 for information on revenue by major geographical region. 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 years ended December 31, 2020, 2019 and 2018 was $21,838,000, $22,455,000 and $19,021,000 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 December 31, 2020 and 2019, the Company had $2,546,000 and $2,190,000, respectively, in accrued deferred revenue related to gift cards in accounts payable and accrued expenses on the accompanying consolidated balance sheets. The Company recognized $2,840,000 and $3,031,000 of deferred gift card revenue during the year ended December 31, 2020 and 2019, 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 expected 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, which varies from two to three 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 twelve months ended December 31, 2020. 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. The following table provides a reconciliation of the activity related to the Company’s sales return reserve (in thousands): Years Ended December 31, 2020 2019 2018 (in thousands) Beginning balance $ 29,043 $ 24,522 $ 15,470 Provision 106,178 95,094 52,088 Sales returns (91,235) (90,573) (43,036) Ending balance $ 43,986 $ 29,043 $ 24,522

Estimated Credit Losses (Notes)

Estimated Credit Losses (Notes)	12 Months Ended
	Dec. 31, 2020
Credit Loss [Abstract]
Estimated Credit Losses	Note 5. Accounts Receivable and 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 4. 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 December 31, 2020 was not significantly impacted. From time to time, dependent upon the cost, the Company purchases trade insurance to mitigate the risk of uncollectible accounts on its outstanding accounts receivable. The Company considers any available insurance coverage when estimating its provision for uncollectible accounts. Insurance claim recoveries from this trade insurance are applied to the Company’s outstanding accounts receivable or are recorded as a reduction to bad debt expense in the period in which the claim is received. 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): Years Ended December 31, 2020 2019 2018 Beginning balance $ 5,992 $ 5,610 $ 4,447 Adjustment due to the adoption of Topic 326 289 — — Provision for credit losses 2,924 1,107 2,257 Write-off of uncollectible amounts, net of recoveries (364) (725) (1,094) Ending balance $ 8,841 $ 5,992 $ 5,610

Business Combinations

Business Combinations	12 Months Ended
	Dec. 31, 2019
Business Combinations [Abstract]
Business Combinations	Note 6. 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). The Company financed the acquisition with a Term Loan B facility in the aggregate principal amount of $480,000,000 (see Note 7). 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 provided 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 realized 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 in accordance with ASC Topic 820. 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. Valuations of acquired intangible assets and inventory were subject to fair value measurements that were based primarily on significant inputs not observable in the market and thus represent Level 3 measurements (see Note 18). 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, in the second quarter of 2020 the Company performed a qualitative assessment of these impairment indicators and proceeded with a quantitative assessment of goodwill for all of its reporting units. As the result of this quantitative assessment, the Company determined that the goodwill associated with the Jack Wolfskin reporting unit was impaired, in addition to a portion of the Jack Wolfskin trade name. As a result, the Company recognized impairment losses of $148,375,000 and $25,894,000 to write-down goodwill and the Jack Wolfskin trade name, respectively, to their new estimated fair values (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 on operating leases, as well as adjustments on accounts receivable, inventory, property, plant and equipment, income taxes receivable, and long-term income taxes payable, in addition to the fair value assessment on deferred taxes. 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 tax reserves of $8,281,000 on certain deferred tax assets. 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 $6,326,000 was recognized in general and administrative expenses during the twelve months ended December 31, 2019. The remaining $3,661,000 was recognized in general and administrative expenses during 2018. 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). Proposed Acquisition of Topgolf International, Inc. On October 27, 2020, the Company entered into a Merger Agreement to acquire Topgolf in an all-stock transaction. The Merger Agreement provides that, among other matters, and subject to the satisfaction or waiver of the conditions set forth in the Merger Agreement, the Company will acquire Topgolf by way of a merger of Merger Sub with and into Topgolf, with Topgolf surviving as a wholly-owned subsidiary of Callaway. The Company currently estimates that it will issue approximately 90,000,000 shares of its common stock to the stockholders of Topgolf (excluding the Company) for 100% of the outstanding equity of Topgolf, using an exchange ratio based on an equity value of Topgolf of approximately $1,986,000,000 (or approximately $1,745,000,000 excluding Topgolf shares currently held by the Company) and a price per share of the Company’s common stock fixed at $19.40 per share. The actual purchase consideration upon the close of the Merger will be based on the estimated number of shares of the Company's common stock as discussed above, multiplied by the closing price of Company's common stock as of that day. As of December 31, 2020, the Company held approximately 14.3% of Topgolf's outstanding shares. Upon completion of the Merger, the former Topgolf stockholders (other than the Company) are expected to own approximately 48.5% of the combined company on a fully diluted basis. Outstanding Topgolf stock options will be converted into options to purchase the Company’s common stock, generally using the same exchange ratio. The Merger Agreement further provides that, upon termination of the Merger Agreement under specified circumstances, either party may be required to pay the other party a termination fee of $75,000,000. The Merger is expected to close on or around March 8, 2021, subject to shareholder approval and other customary conditions. In connection with the Merger, the Company prepared and filed a registration statement on Form S-4, in which a proxy statement was included as a prospectus, to register the Company’s common stock to be issued to Topgolf stockholders in connection with the Merger and solicit the approval of the Company’s stockholders of the issuance of the Company’s common stock that represents more than 20% of the shares of the Company’s common stock outstanding immediately prior to the closing of the Merger to Topgolf stockholders in connection with the Merger, pursuant to the rules and regulations of the New York Stock Exchange. Topgolf is a leading tech-enabled golf entertainment business, with an innovative platform that is comprised of state-of-the-art open-air golf and entertainment venues, revolutionary Toptracer ball-tracking technology and innovative media platform with a differentiated position in eSports. The combined company is expected to benefit from a compelling family of brands with reach across multiple channels including retail, venues, e-commerce and digital communities.

Financing Arrangements

Financing Arrangements	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Financing Arrangements	Note 7. Financing Arrangements In addition to cash on hand, as well as cash generated from operations, the Company relies on its U.S. 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 December 31, 2020, the Company had $22,130,000 outstanding under these facilities and $366,119,000 in cash and cash equivalents. As of December 31, 2020, the Company's available liquidity, which is comprised of cash on hand, including cash received from the issuance of Convertible Senior Notes in May 2020, and amounts available under both facilities, after letters of credit and outstanding borrowings, was $632,233,000. As of December 31, 2019, the Company had $144,580,000 outstanding under these facilities, $1,075,000 in outstanding letters of credit, and $106,666,000 in cash and cash equivalents. As of December 31, 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 $303,300,000. U.S. Asset-Based Revolving Credit Facility In May 2019, the Company entered into a Fourth Amended and Restated Loan and Security Agreement with Bank of America N.A. and other lenders, which provides a senior secured asset-based revolving credit facility of up to $400,000,000 (the "ABL Facility), 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. As of December 31, 2020, the Company had $22,130,000 in borrowings outstanding under the ABL Facility. Amounts available under the ABL Facility increase and decrease with changes in the Company’s inventory and accounts receivable balances. Average outstanding borrowings during the year ended December 31, 2020 were $107,802,000, and average amounts available under the ABL Facility during the year ended December 31, 2020, after outstanding borrowings and letters of credit, was approximately $227,625,000. 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 pandemic. As of December 31, 2020, the Company had not drawn on these funds. 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. In connection with the Topgolf Merger announced on October 27, 2020 (see Note 6), the Company amended the ABL Facility to, among other things, permit the consummation of the Merger, designate Topgolf and its subsidiaries as excluded subsidiaries under the ABL Facility and amend certain covenants and other provisions to allow the Company to make certain investments in, and enter into certain transactions with Topgolf. Fees in connection with this amendment will be combined with existing debt origination and amendment fees and amortized over the remaining term 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 year ended December 31, 2020, and the Company was in compliance with the fixed charge coverage ratio as of December 31, 2020. Had the Company not been in compliance with the fixed charge coverage ratio as of December 31, 2020, the maximum amount of additional indebtedness that could have been outstanding on December 31, 2020 would have been reduced by $40,000,000. As of December 31, 2020, in addition to the fixed charge coverage ratio covenant, the Company was in compliance with all other financial covenants of the ABL Facility. 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 December 31, 2020, the Company’s trailing 12-month average interest rate applicable to its outstanding loans under the ABL Facility was 3.68% and 3.00% as of December 31, 2020. 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 prior and current amendments of the ABL Facility totaled $3,915,000, which are amortized into interest expense over the term of the ABL Facility agreement. Unamortized origination fees as of December 31, 2020 and 2019 were $1,891,000 and $2,115,000, respectively, of which $1,031,000 and $746,000, respectively, were included in other current assets and $859,000 and $1,369,000, respectively, were included in other long-term assets in the accompanying consolidated 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. $38,716,000, using the exchange rate in effect as of December 31, 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 no outstanding borrowings under the 2018 Japan ABL Facility as of December 31, 2020. The 2018 Japan ABL Facility also includes certain restrictions including covenants related to certain pledged assets and financial performance metrics. As of December 31, 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 expired in January 2021. On July 31, 2019, the Company entered into a one Long-Term Debt Equipment Notes In July 2020, the Company entered into two long-term financing agreements (the "Equipment Notes") with Bank of America N.A. and other lenders in connection with the Company's investment initiatives at its North American distribution center and the Company's corporate IT equipment in Fort Worth, Texas, that are secured by certain equipment at this facility and at its headquarters in Carlsbad, California. Additionally, 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 between December 2017 and March 2020 that are secured by certain equipment at these facilities. As of December 31, 2020 and 2019, the Company had a combined $31,822,000 and $19,715,000 outstanding under these Equipment Notes, respectively, of which $8,761,000 and $5,107,000 was included in current liabilities, respectively, and $23,061,000 and $14,608,000 was included in long-term debt, respectively, in the accompanying consolidated balance sheets. The Equipment Notes accrue interest in the range of 2.36% and 3.79%, and have maturity dates between December 2022 and March 2027. During the year ended December 31, 2020 and 2019, the Company recognized interest expense of $880,000 and $463,000, respectively. The Equipment Notes are subject to compliance with the financial covenants in the Company's ABL Facility. As of December 31, 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 December 31, 2020 and 2019, the Company had $441,600,000 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 December 31, 2020 was offset by unamortized debt issuance costs of $13,450,000, of which $2,861,000 was reflected in the short-term portion of the facility, and $10,589,000 was reflected in the long-term portion of the facility in the accompanying consolidated balance sheet. Total interest and amortization expense recognized during the year ended December 31, 2020 and 2019 was $25,622,000 and $31,707,000, 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. As of December 31, 2020, the interest rate under the Term Loan Facility was 6.65%. The Company utilizes an interest rate hedge in order to mitigate the risk of interest rate fluctuations on this facility. See Note 19 for further information on this hedging contract. 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 the payment of excess cash flows under certain circumstances. As of December 31, 2020, the Company was not required to make such payments. 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 December 31, 2020, the Company was in compliance with these covenants. In connection with the entry into the Merger Agreement (see Note 6), on October 27, 2020, the Company amended the Term Loan Facility to, among other things, permit the consummation of the Merger and certain other transactions contemplated in the Merger Agreement, designate Topgolf and its subsidiaries as unrestricted subsidiaries under the Term Loan Facility, which excludes them from certain requirements, covenants and representations, and amend certain covenants and other provisions to allow the Company to make certain investments in, and enter into certain transactions with, Topgolf. Japan Term Loan Facility In August 2020, the Company entered into a new five-year term loan facility (the "2020 Japan Term Loan Facility") between its subsidiary in Japan and Sumitomo Mitsui Banking Corporation (“SMBC”) for 2,000,000,000 Yen (or approximately U.S. $19,358,000 using the exchange rate in effect as of December 31, 2020). The 2020 Japan Term Loan Facility is due in August 2025. As of December 31, 2020, the Company had 1,900,000,000 Yen (or approximately U.S. $18,390,000 using the exchange rate in effect as of December 31, 2020) outstanding, of which 400,000,000 Yen (or approximately U.S. $3,872,000 using the exchange rate in effect as of December 31, 2020) is reflected in current liabilities in the accompanying consolidated balance sheet. Total interest expense recognized during the year ended December 31, 2020 was 6,226,000 Yen (or approximately U.S. $60,000 using the exchange rate in effect as of December 31, 2020). Loans under the 2020 Japan Term Loan Facility are subject to a rate per annum to either, at the Company’s option, SMBC TIBOR or TIBOR plus 80 basis points. As of December 31, 2020, the interest rate under the 2020 Japan Term Loan Facility was 0.91%. Principal payments of 100,000,000 Yen (or approximately U.S. $968,000 using the exchange rate in effect as of December 31, 2020) are due quarterly and the facility imposes certain restrictions including covenants to certain financial performance obligations. As of December 31, 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 Company recognized interest expense of $11,574,000 in the consolidated statement of operations for the twelve months ended December 31, 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. The Company may settle the Convertible Notes through cash settlement, physical settlement, or combination settlement at its election. Therefore, the Convertible Notes were separated into a liability component and an equity component in a manner that reflects the interest cost of a similar nonconvertible debt instrument. The carrying amount of the liability component totaling $182,242,000 was determined by measuring the fair value of a similar liability that does not have an associated equity component. The carrying amount of the equity component (the conversion feature) and discount on the Convertible Notes, totaling $76,508,000 was determined by deducting the fair value of the liability component from the initial proceeds ascribed to the Convertible Notes. As of December 31, 2020, the Company incurred $8,527,000 of cost associated with the issuance of the Convertible Notes. These debt issuance costs were allocated between the debt and equity components in proportion to the allocation of the proceeds to those components. As such, $6,006,000 was allocated to the liability component of the Convertible Notes, and $2,521,000 was allocated to the equity conversion feature. The discount on the Convertible Notes as wells as the debt issuance costs allocated to the liability component are amortized over the term of the Convertible Notes using the effective interest rate method. As of December 31, 2020, the Company reflected the carrying amount of the liability component of the Convertible Notes of $183,126,000 in long-term debt on the accompanying consolidated balance sheet. The carrying amount is reflected net of unamortized debt issuance costs of $5,504,000 and debt discount of $70,120,000, both of which will be amortized to interest expense using the effective interest rate method of amortization over the remaining term of approximately 5.3 years. For the year ended December 31, 2020, the Company recognized $502,000 of amortization expense related to debt issuance costs, and $6,388,000 of amortization expense related to the debt discount. The conversion feature of $76,508,000 and the allocated debt issuance costs of $2,521,000 were recorded as components of shareholders' equity as of December 31, 2020. All or any portion of the Convertible Notes may be converted at the conversion rate and at the holders' option on or after February 1, 2026 until the close of business on the second trading day immediately prior to the maturity date. Additionally, all or any portion of the Convertible Note may be converted at the conversion rate at the holders' option upon the occurrence of certain contingent conversion events, including (i) if the price of the Company’s common stock is more than 130% of the conversion price of the Convertible Notes for any 20 of 30 consecutive trading days ending on the last trading day of the calendar quarter, subsequent to the quarter ending September 30, 2020; (ii) if the trading price of the Convertible Notes, after a consecutive ten trading day period, is less than 98% of the closing price per share of the Company’s common stock multiplied by the conversion rate in effect; (iii) upon the occurrence of certain corporate events or distributions on the Company’s common stock, as described in the Indenture; or (iv) if the Company calls the Convertible Notes for redemption. Upon conversion, the Company has the option to settle the conversion obligation in any combination of cash and shares. The Company intends to settle the principal amount of the Convertible Notes in cash upon conversion. 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 December 31, 2020, the price of the Company's common stock was higher than the initial conversion price. Therefore, the if-converted value of the Convertible Notes exceed the principal amount. The Company may redeem all or part of the Convertible Notes (i) on or after May 6, 2023, but before the 40th trading day prior to the maturity date if the last reported sale price of the Company’s common stock exceeds 130% of the conversion price for any 20 of 30 consecutive trading days; (ii) upon a Fundamental Change (where holders can require settlement entirely in cash); or (iii) upon an Event of Default. The Company will also be required to pay additional interest upon (i) failure to timely file with the SEC, (ii) failure to allow the Notes to be freely tradable, or (iii) upon an Event of Default solely related to failure to timely file with the Trustee. 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 per share. The Capped Calls are recorded as a reduction to additional paid-in capital and are not accounted for as derivatives. The Convertible Notes will have an impact on the Company’s diluted earnings per share when 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. As of December 31, 2020, the average market price of the Company's common stock was $18.91, which exceeded the conversion price. As such, the Company used the treasury stock method to compute the dilutive shares of common stock related to the Convertible Notes for periods the Company reported net income. 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. The 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, 2020 Japan Term Loan Facility, and Convertible Notes over the next five years and thereafter as of December 31, 2020. Amounts payable under the Term Loan Facility included below represent the minimum principal repayment obligations. As of December 31, 2020, the Company does not anticipate excess cash flow repayments as defined by the Term Loan Facility. (in thousands) 2021 $ 17,584 2022 17,468 2023 14,778 2024 13,396 2025 10,096 2026 681,040 $ 754,362

Earnings per Common Share

Earnings per Common Share	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Earnings per Common Share	Note 8. (Loss) Earnings per Common Share Basic (loss) 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 based awards granted to employees and non-employee directors (see Note 16), as well as common shares underlying convertible notes (see Note 7). 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 (loss) earnings per share: Years Ended December 31, 2020 2019 2018 (In thousands, except per share data) (Loss) earnings per common share—basic Net (loss) income attributable to Callaway Golf Company $ (126,934) $ 79,408 $ 104,740 Weighted-average common shares outstanding—basic 94,201 94,251 94,579 Basic (loss) earnings per common share $ (1.35) $ 0.84 $ 1.11 (Loss) earnings per common share—diluted Net (loss) income attributable to Callaway Golf Company $ (126,934) $ 79,408 $ 104,740 Weighted-average common shares outstanding—basic 94,201 94,251 94,579 Options, restricted stock and performance based awards — 2,036 2,574 Weighted-average common shares outstanding—diluted 94,201 96,287 97,153 Diluted (loss) earnings per common share $ (1.35) $ 0.82 $ 1.08 In May 2020, the Company issued $258,750,000 of 2.75% Convertible Notes. The Convertible Notes will have an impact on the Company’s diluted earnings per share when 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. For the year ended December 31, 2020, the Company reported a net loss and, as such, the Convertible Notes were excluded from the diluted calculation (See Note 7). Antidilutive securities excluded from the (loss) earnings per share computation are summarized as follows: • For the year ended December 31, 2020, securities outstanding totaling approximately 2,088,000 shares, comprised of stock options, restricted stock units, performance based awards, and common shares underlying convertible notes, were excluded from the calculation of (loss) earnings per common share—diluted as they would be anti-dilutive. • For the years ended December 31, 2019 and 2018, there were no securities excluded from the calculation of (loss) earnings per common share—diluted.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Note 9. Goodwill and Intangible Assets Goodwill at December 31, 2020 decreased to $56,658,000 from $203,743,000 at December 31, 2019. This $147,085,000 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 of $1,290,000 period over period. Goodwill at December 31, 2019 increased to $203,743,000 from $55,816,000 at December 31, 2018. This $147,927,000 increase was primarily due to the Jack Wolfskin acquisition in January 2019 (see Note 6), which increased goodwill by $147,781,000. The additional increase of $146,000 was related to 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 20). Through December 31, 2020, the accumulated total of impairments recognized to-date related to goodwill was $148,375,000. There were no other impairments recognized prior to January 1, 2020. 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, due to the significant disruptions caused by the COVID-19 pandemic on the Company's operations, the Company performed a qualitative assessment considering the macroeconomic conditions caused by the COVID-19 pandemic, and the potential impact on the Company's sales 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 its 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 estimated recovery period. As a result of the second quarter assessment, the Company determined that the expected decline in revenue due to the impact of COVID-19 contributed to a lower fair value of the Jack Wolfskin reporting unit compared to its carrying value. As such, the Company recognized an impairment loss of $148,375,000 to write-off the goodwill associated with Jack Wolfskin. 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. There were no further impairment charges on goodwill recognized for the remainder of 2020. In addition, in connection with the quantitative assessment performed in the second quarter of 2020, the Company determined that the trade name intangible asset related to Jack Wolfskin was impaired, and as such recognized an impairment loss of $25,894,000 to write-down the Jack Wolfskin trade name to its new estimated fair value. The carrying value of intangible assets after the impairment was $446,803,000 at December 31, 2020. There were no further impairment charges recognized on the Company's indefinite-lived intangible assets for the remainder of 2020. The following sets forth the intangible assets by major asset class (dollars in thousands): Useful December 31, 2020 December 31, 2019 Gross Accumulated Net Book Gross Accumulated Net Book Indefinite-lived: Trade name, trademark and trade dress and other NA $ 446,803 $ — $ 446,803 $ 453,837 $ — $ 453,837 Amortizing: Patents 2-16 31,581 31,581 — 31,581 31,581 — Customer and distributor relationships, and other 1-9 57,309 19,773 37,536 53,904 14,318 39,586 Total intangible assets $ 535,693 $ 51,354 $ 484,339 $ 539,322 $ 45,899 $ 493,423 (1) The gross balance of intangible assets as of December 31, 2020 includes an increase due to the impact of foreign exchange rates of $18,860,000 on the Jack Wolfskin non-amortizing intangible asset, as well as $3,069,000 on the amortizing customer and distributor relationships. Aggregate amortization expense on intangible assets was approximately $5,120,000, $4,866,000 and $1,066,000 for the years ended December 31, 2020, 2019 and 2018, respectively. Amortization expense related to intangible assets at December 31, 2020 in each of the next five fiscal years and beyond is expected to be incurred as follows (in thousands): 2021 $ 4,780 2022 4,724 2023 4,548 2024 4,409 2025 4,409 Thereafter 14,666 $ 37,536

Investments

Investments	12 Months Ended
	Dec. 31, 2020
Investments, All Other Investments [Abstract]
Investments	Note 10. Investments Investment in Topgolf International, Inc. As of December 31, 2020, the Company owns a minority interest of approximately 14.3% in 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. 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 an original issue discount of 20%. In connection with the Series H financing completed in September 2020, as discussed below, the note receivable was converted into additional shares of Topgolf. While outstanding, the note receivable accrued interest in the range of 5.75% to 5.87%. The note receivable would have matured in February 2026. In September 2020, the Company invested $14,638,000 in Series H preferred shares of Topgolf as part of a new financing round. In connection with this financing round, the Company also converted the outstanding note receivable and accrued interest of $6,670,000 into additional Series H preferred shares of Topgolf. The Series H preferred shares have preference, liquidation, conversion and other rights which differ from the other series of Topgolf preferred and common shares. As of December 31, 2020 and 2019, the Company's total investment in Topgolf was $111,442,000 and $90,134,000, respectively. During the years ended December 31, 2020, 2019 and 2018, the Company invested $21,308,000, $17,897,000 and $1,743,000, respectively, in shares of Topgolf. As of December 31, 2020, the Company has not recorded any impairments with respect to this investment. On October 27, 2020, the Company entered into the Merger Agreement to acquire Topgolf in an all-stock transaction (see Note 6). At the effective time of the Merger, all preferred shares and common stock of Topgolf held by the Company will be canceled for no consideration. The Merger is expected to close in the first quarter of 2021, subject to the receipt of shareholder approval, as well as other customary conditions.

Joint Venture

Joint Venture	12 Months Ended
	Dec. 31, 2020
Noncontrolling Interest [Abstract]
Joint Venture	Note 11. 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 December 31, 2020 and 2019, 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.

Selected Financial Statement In

Selected Financial Statement Information	12 Months Ended
	Dec. 31, 2020
Disclosure Selected Financial Statement Information [Abstract]
Selected Financial Statement Information	Note 12. Selected Financial Statement Information December 31, 2020 2019 (In thousands) Accounts receivable, net: Trade accounts receivable $ 225,459 $ 203,078 Liability for sales returns (43,986) (29,043) Accrued variable consideration for sales program incentives (26,187) (20,336) Allowance for doubtful accounts (16,804) (13,244) $ 138,482 $ 140,455 Inventories: Raw materials $ 69,932 $ 76,140 Work-in-process 1,010 860 Finished goods 281,602 379,639 $ 352,544 $ 456,639 Property, plant and equipment, net: Land $ 7,308 $ 7,229 Buildings and improvements 100,653 80,856 Machinery and equipment 137,026 129,680 Furniture, computers and equipment 142,640 134,719 Production molds 6,809 5,820 Construction-in-process 13,299 37,244 407,735 395,548 Accumulated depreciation (261,240) (262,788) $ 146,495 $ 132,760 Accounts payable and accrued expenses: Accounts payable $ 66,282 $ 67,843 Accrued expenses 165,333 196,308 Accrued goods in-transit 47,140 12,149 $ 278,755 $ 276,300 Accrued employee compensation and benefits: Accrued payroll and taxes $ 17,009 $ 34,303 Accrued vacation and sick pay 12,887 11,574 Accrued commissions 1,041 1,014 $ 30,937 $ 46,891

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 13. Income Taxes The Company’s income before income tax provision was subject to taxes in the following jurisdictions for the following periods (in thousands): Years Ended December 31, 2020 2019 2018 United States $ 68,916 $ 55,352 $ 100,031 Foreign (196,394) 40,417 31,241 $ (127,478) $ 95,769 $ 131,272 The expense (benefit) for income taxes is comprised of (in thousands): Years Ended December 31, 2020 2019 2018 Current tax provision: Federal $ 1,665 $ 1,022 $ 736 State 1,467 1,403 1,880 Foreign 5,385 9,933 6,577 8,517 12,358 9,193 Deferred tax (benefit) expense: Federal 8,579 10,185 14,844 State 5,166 335 1,086 Foreign (22,806) (6,338) 895 (9,061) 4,182 16,825 Income tax (benefit) provision $ (544) $ 16,540 $ 26,018 On January 4, 2019, the Company acquired Jack Wolfskin for approximately $521,201,000 (including cash acquired of $58,096,000) in a taxable stock acquisition. The Company recorded a deferred tax liability of $88,462,000 related to the intangibles upon acquisition in addition to $11,384,000 deferred tax assets acquired (see Note 6). In the second quarter of 2020, due to a decline in projected revenues caused by the COVID-19 pandemic, the Company recognized an impairment charge of $174,269,000 to write down goodwill and trade name associated with Jack Wolfskin (see Note 9). The impaired goodwill was comprised of book basis with no corresponding deferred tax liability. The trade name impairment resulted in a tax benefit recorded for the reduction of approximately $7,900,000 of deferred tax liability previously recorded as part of acquisition accounting. Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2020 and 2019 are as follows (in thousands): December 31, 2020 2019 Deferred tax assets: Reserves and allowances not currently deductible for tax purposes $ 26,026 $ 22,926 Basis difference related to fixed assets 6,294 8,381 Compensation and benefits 4,968 7,580 Basis difference for inventory valuation 927 849 Compensatory stock options and rights 2,586 3,404 Operating loss carryforwards 19,889 9,080 Tax credit carryforwards 49,525 55,001 ASC 842 lease liability 52,785 44,768 Interest expense carryforward 7,030 5,057 Basis difference related to intangible assets with a definite life 4,370 354 Other 7,992 2,790 Total deferred tax assets 182,392 160,190 Valuation allowance for deferred tax assets (21,032) (14,469) Deferred tax assets, net of valuation allowance $ 161,360 $ 145,721 Deferred tax liabilities: Prepaid expenses (1,323) (1,685) Convertible debt (8,958) — Basis difference related to intangible assets with an indefinite life (100,062) (99,712) ASC 842 right-of-use assets (49,910) (43,859) Total deferred tax liabilities (160,253) (145,256) Net deferred tax assets $ 1,107 $ 465 Net deferred tax assets (liabilities) are shown on the accompanying consolidated balance sheets as follows: Non-current deferred tax assets $ 59,735 $ 73,948 Non-current deferred tax liabilities (58,628) (73,483) Net deferred tax assets $ 1,107 $ 465 The net change in net deferred taxes in 2020 of $642,000 is primarily comprised of the additional net operating losses recorded in the Jack Wolfskin group during the year and capitalized research and development expenses offset by additional valuation allowances recorded against state net operating losses and the tax impacts of issuing the convertible debt in 2020. Deferred tax assets and liabilities result from temporary differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that are anticipated to be in effect at the time the differences are expected to reverse. The realization of the deferred tax assets, including loss and credit carry forwards, is subject to the Company generating sufficient taxable income during the periods in which the temporary differences become realizable. In accordance with the applicable accounting rules, the Company maintains a valuation allowance for a deferred tax asset when it is deemed to be more likely than not that some or all of the deferred tax assets will not be realized. In evaluating whether a valuation allowance is required under such rules, the Company considers all available positive and negative evidence, including prior operating results, the nature and reason for any losses, its forecast of future taxable income, and the dates on which any deferred tax assets are expected to expire. These assumptions require a significant amount of judgment, including estimates of future taxable income. These estimates are based on the Company’s best judgment at the time made based on current and projected circumstances and conditions. The Company has evaluated all available positive and negative evidence and determined that the majority of its U.S. deferred tax assets were more likely than not to be realized. The valuation allowance on the Company's U.S. deferred tax assets as of December 31, 2020 and 2019 relate primarily to state net operating loss carryforwards and credits the Company estimates it may not be able to utilize in future periods. In the fourth quarter of 2020, based on expected future changes in the Company's state operations, the Company determined that approximately $3,600,000 of California net operating losses are likely to expire unused and recorded a valuation allowance accordingly. With respect to 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 no significant allowances have been established. With respect to the Jack Wolfskin acquisition, no significant valuation allowances were acquired at acquisition or established during 2020. At December 31, 2020, the Company had federal and state income tax credit carryforwards of $41,020,000 and $22,585,000, respectively, which will expire if unused at various dates beginning on December 31, 2027. Such credit carryforwards expire as follows (in thousands): U.S. foreign tax credit $ 18,627 2027 - 2029 U.S. research tax credit $ 22,368 2031 - 2040 U.S. business tax credits $ 26 2031 - 2039 State investment tax credits $ 1,650 Do not expire State research tax credits $ 20,935 Do not expire The Company has recorded a deferred tax asset reflecting the benefit of operating loss carryforwards. The net operating losses expire as follows (in thousands): U.S. loss carryforwards $ — N/A State loss carryforwards $ 95,552 2032 - 2038 The Company’s ability to utilize the losses and credits to offset future taxable income may be deferred or limited significantly if the Company were to experience an “ownership change” as defined in section 382 of the Internal Revenue Code of 1986, as amended (the “Code”). In general, an ownership change will occur if there is a cumulative change in ownership of the Company’s stock by “5-percent shareholders” (as defined in the Code) that exceeds 50 percentage points over a rolling three-year period. The Company determined that no ownership change has occurred for purposes of Section 382 for the period ended December 31, 2020. It is likely that each of the Company and Topgolf will experience an ownership change as a result of the Topgolf Merger. Therefore, the Company’s ability to utilize the losses and credits to offset future taxable income may be deferred or limited significantly. A reconciliation of the effective tax rate on income or loss and the statutory tax rate is as follows: Years Ended December 31, 2020 2019 2018 Statutory U.S. tax rate 21.0 % 21.0 % 21.0 % State income taxes, net of U.S. tax benefit (4.1) % 1.6 % 1.8 % Foreign income taxed at other than U.S. statutory rate 7.0 % (5.0) % 1.1 % Federal tax credits 2.8 % (3.5) % (4.4) % Goodwill impairment (24.5) % — % — % Other non-deductible expenses (1.7) % 1.2 % 0.7 % Non-deductible compensation (0.7) % 1.5 % 0.8 % Stock option compensation excess tax benefits 1.4 % (1.5) % (1.0) % Intra-entity asset transfers — % — % 0.8 % U.S. foreign tax inclusions (0.4) % 0.1 % 1.1 % Foreign derived intangible income deduction 1.1 % (3.2) % (2.7) % Impact of uncertain tax positions (1.6) % 3.7 % 0.8 % Enactment of the Tax Cuts and Jobs Act — % — % 0.3 % Change in deferred tax valuation allowance (0.7) % 0.2 % — % Other 0.8 % 1.2 % (0.5) % Effective tax rate 0.4 % 17.3 % 19.8 % A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands): 2020 2019 2018 Balance at January 1 $ 25,993 $ 11,832 $ 9,300 Additions based on tax positions related to the current year 3,119 3,224 1,354 Additions for tax positions of prior years 474 593 1,624 Reductions for tax positions of prior years (186) (174) (148) Settlement of tax audits — (7) — Current year acquisitions — 11,006 — Reductions due to lapsed statute of limitations (1,098) (481) (298) Balance at December 31 $ 28,302 $ 25,993 $ 11,832 As of December 31, 2020, the gross liability for income taxes associated with uncertain tax benefits was $28,302,000. This liability could be reduced by $471,000 of offsetting tax benefits associated with the correlative effects of potential transfer pricing adjustments, which was recorded as a long-term income tax receivable, as well as $14,613,000 of deferred taxes. The net amount of $13,218,000, if recognized, would affect the Company’s financial statements and favorably affect the Company’s effective income tax rate. The Company does not expect changes to the unrecognized tax benefits in the next 12 months to have a material impact on its results of operations or its financial position. The Company recognizes interest and/or penalties related to income tax matters in income tax expense. The Company recognized a tax benefit of $437,000, and tax expense of $9,000 and $42,000, for the years ended December 31, 2020, 2019, and 2018, respectively. As of December 31, 2020 and 2019, the gross amount of accrued interest and penalties included in income taxes payable in the accompanying consolidated balance sheets was $1,232,000 and $1,669,000, respectively. The Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction and various states and foreign jurisdictions. The Company is generally no longer subject to income tax examinations by tax authorities in its major jurisdictions as follows: Major Tax Jurisdiction Years No Longer Subject to Audit U.S. federal 2010 and prior California (U.S.) 2008 and prior Germany 2013 and prior Japan 2013 and prior South Korea 2014 and prior United Kingdom 2016 and prior As of December 31, 2020, the Company had $132,514,000 of undistributed foreign earnings and profits. Pursuant to the Tax Act, the Company’s undistributed foreign earnings and profits were deemed repatriated as of December 31, 2017 and subsequent foreign profits are not expected to be subject to U.S. income tax upon repatriation. The Company has not provided deferred tax liabilities for foreign withholding taxes and certain state income taxes on the undistributed earnings and profits from certain non-U.S. subsidiaries that will be permanently reinvested outside the United States, and expects the net impact of any future repatriations of permanently invested earnings on the Company’s overall tax liability to be insignificant. For jurisdictions in which the Company is not permanently reinvested, the Company has estimated and accrued approximately $2,000,000 for the net impact on the Company’s overall tax liability.

Commitments & Contingencies

Commitments & Contingencies	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments & 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. Six purported stockholders of Callaway have filed complaints against Callaway and its directors related to the Merger Agreement—three in the Southern District of New York captioned Rioux v. Callaway Golf Company, et al., Case No. 1:20-cv-10818 (the “Rioux Complaint”); Ciccotelli v. Brewer, et al., Case No. 1:20-cv-10896 (the “Ciccotelli Complaint”); and Ryder v. Callaway Golf Company, et al., Case No. 1:20-cv-11012; one in the District of New Jersey captioned Frank v. Callaway Golf Company, et al., Case No. 2:21-cv-00089; and two in the Southern District of California captioned Bushansky v. Callaway Golf Company, et al., Case No. 21-cv-0034 GPC MSB, and Anderson v. Callaway Golf Company, et al., Case No. 3:21-cv-00171-GPC-MSB. The complaints name as defendants Callaway and each member of Callaway’s Board of Directors (the “Callaway Board”), and in the case of the Ciccotelli Complaint, Topgolf. The complaints allege that the registration statement on Form S-4 omits material information or contains misleading disclosures and that, as a result, defendants violated Sections 14(a) and 20(a) of the Exchange Act. The Rioux Complaint also alleges that each member of the Callaway Board breached its fiduciary duties of candor and disclosure. The complaints seek, among other things, (i) injunctive relief preventing the consummation of the transactions contemplated by the Merger Agreement, (ii) damages and (iii) plaintiff’s attorneys’ and experts’ fees and expenses. 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 December 31, 2020 under these agreements is $61,508,000 over the next five years as follows (in thousands): 2021 $ 27,591 2022 22,324 2023 9,658 2024 1,572 2025 363 $ 61,508 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 of $364,000 as of December 31, 2020. 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 during and as of December 31, 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.

Capital Stock

Capital Stock	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Capital Stock	Note 15. Capital Stock Common Stock and Preferred Stock As of December 31, 2020, the Company has an authorized capital of 243,000,000 shares, $0.01 par value, of which 240,000,000 shares are designated common stock, and 3,000,000 shares are designated preferred stock. Of the preferred stock, 240,000 shares are designated Series A Junior Participating Preferred Stock and the remaining shares of preferred stock are undesignated as to series, rights, preferences, privileges or restrictions. The holders of common stock are entitled to one vote for each share of common stock on all matters submitted to a vote of the Company’s shareholders. Although to date no shares of Series A Junior Participating preferred stock have been issued, if such shares were issued, each share of Series A Junior Participating Preferred Stock would entitle the holder thereof to 1,000 votes on all matters submitted to a vote of the shareholders of the Company. The holders of Series A Junior Participating Preferred Stock and the holders of common stock shall generally vote together as one class on all matters submitted to a vote of the Company’s shareholders. Treasury Stock and Stock Repurchases In July 2019, the Company's Board of Directors authorized a $100,000,000 share repurchase program (the "2019 Repurchase Program"), under which the Company is authorized to repurchase shares of its common stock in the open market or in private transactions, subject to the Company's assessment of market conditions and buying opportunities. Repurchases under the 2019 Repurchase Program are made consistent with the terms of the Company's ABL Facility and long-term debt, which limits the amount of stock that can be repurchased. Although the 2019 Repurchase Program will remain in effect until completed or until terminated by the Board of Directors, the Company temporarily suspended the 2019 Repurchase Program effective as of the second quarter of 2020. The Company has the ability to resume purchases if it deems circumstances warrant it. Prior to the suspension of the 2019 Repurchase Program, during 2020, the Company repurchased approximately 693,000 shares of its common stock at an average cost per share of $17.36, for a total cost of $12,031,000. In addition, during 2020 the Company withheld 488,000 shares of its common stock, for a total cost of $10,183,000, to satisfy the Company's tax withholding obligations in connection with the vesting and settlement of employee restricted stock unit awards and performance share units.

Share-Based Employee Compensati

Share-Based Employee Compensation	12 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Share-Based Employee Compensation	Note 16. Share-Based Employee Compensation 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. Stock Plans As of December 31, 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"). The 2004 Incentive Plan permits the granting of stock options, stock appreciation rights, restricted stock awards, restricted stock units, performance share units and other equity-based awards to the Company’s officers, employees, consultants and certain other non-employees who provide services to the Company. All grants under the 2004 Incentive Plan are discretionary, although no participant may receive awards in any one year in excess of 2,000,000 shares. The maximum number of shares issuable over the term of the 2004 Incentive Plan is 33,000,000. The 2013 Directors Plan permits the granting of stock options, restricted stock awards and restricted stock units to eligible directors serving on the Company's Board of Directors. The Directors may receive a one-time grant upon their initial appointment to the Board and thereafter an annual grant upon being re-elected at each annual meeting of shareholders, not to exceed 50,000 shares within any calendar year. The maximum number of shares issuable over the term of the 2013 Directors Plan is 1,000,000. The following table presents shares authorized, available for future grant and outstanding under each of the Company’s plans as of December 31, 2020: Authorized Available Outstanding (1) (In thousands) 2004 Incentive Plan 33,000 8,652 2,262 2013 Directors Plan 1,000 566 74 Total 34,000 9,218 2,336 (1) Includes 3,064 shares of accrued incremental dividend equivalent rights on outstanding shares underlying restricted stock units granted under the 2004 Incentive Plan and 2013 Directors Plan. Stock Options There were no stock options granted in 2020, 2019 and 2018, and all outstanding stock options were fully vested as of December 31, 2018. For the year ended December 31, 2018, the Company recorded $14,000 of compensation expense related to outstanding stock options. The following table summarizes the Company’s stock option activities for the year ended December 31, 2020 (in thousands, except price per share and contractual term): Options Number of Weighted- Weighted- Aggregate Outstanding at January 1, 2020 635 $ 6.53 Granted — $ — Exercised (37) $ 6.71 Forfeited — $ — Expired — $ — Outstanding at December 31, 2020 598 $ 6.52 2.09 $ 10,457 Vested and expected to vest in the future at December 31, 2020 598 $ 6.52 2.09 $ 10,457 Exercisable at December 31, 2020 598 $ 6.52 2.09 $ 10,457 At December 31, 2020, there was no unrecognized compensation expense related to options granted to employees under the Company’s share-based payment plans. The total intrinsic value for options exercised during the years ended December 31, 2020, 2019 and 2018 was $566,000, $792,000 and $2,621,000, respectively. Cash received from the exercise of stock options for the years ended December 31, 2020, 2019 and 2018 was $248,000, $368,000 and $1,636,000, respectively. Restricted Stock Units During the years ended December 31, 2020, 2019 and 2018, the weighted average grant-date fair value of restricted stock units granted was $17.84, $15.63 and $15.30, respectively. The Company recorded $6,417,000, $6,098,000 and $5,949,000 of compensation expense related to restricted stock units in 2020, 2019 and 2018, respectively. The table below is a roll-forward of the activity for restricted stock units during the 12 months ended December 31, 2020 (in thousands, except fair value amounts): Restricted Stock Units Units Weighted- Nonvested at January 1, 2020 1,036 $ 14.04 Granted 409 17.84 Vested (437) 13.63 Forfeited (108) 15.14 Nonvested at December 31, 2020 (1) 900 $ 15.83 (1) Excludes 3,000 shares of accrued incremental dividend equivalent rights on outstanding shares underlying restricted stock units granted under the 2004 Incentive Plan and 2013 Directors Plan. At December 31, 2020, there was $6,968,000 of total unrecognized compensation expense related to nonvested restricted stock units granted to employees under the Company’s share-based payment plans. That cost is expected to be recognized over a weighted-average period of 1.5 years. Performance Based Awards The Company granted 125,000, 226,000 and 307,000 shares underlying EPS PRSUs during the years ended December 31, 2020, 2019 and 2018, respectively, at a weighted average grant-date fair value of $19.66, $15.17 and $14.80 per share, respectively. Based on the Company’s performance, participants banked a minimum of 50% of the target EPS PRSU award shares granted in 2019, and 80% of the target EPS PRSU award shares granted in 2018, in each case subject to continued service through the vesting date. During the years ended December 31, 2020 and 2019, the Company granted 125,000 and 149,000 shares underlying rTSR PRSUs at a weighted average grant-date fair value of $23.22 and $16.96 per share, respectively. There were no rTSR PRSUs granted in 2018. During the years ended December 31, 2020 and 2019, the Company recognized total compensation expense, net of estimated forfeitures, of $4,511,000 and $6,796,000, respectively, related to EPS PRSUs and rTSR PRSUs. During the year ended December 31, 2018, the Company recognized total compensation expense, net of estimated forfeitures of $7,567,000 related to EPS PRSUs. At December 31, 2020, the combined unamortized compensation expense related to EPS PRSUs and rTSR PRSUs was $3,527,000, which is expected to be recognized over a weighted-average period of 1.1 years. The table below is a roll-forward of the activity for performance based awards during the 12 months ended December 31, 2020 (in thousands, except fair value amounts): Performance Share Units Units Weighted- Nonvested at January 1, 2020 1,051 $ 13.50 PSUs Granted 125 19.66 rTSR PRSUs Granted 125 23.22 Target Award Adjustment (1) 341 10.10 Vested (709) 10.21 Forfeited (98) 15.21 Nonvested at December 31, 2020 835 $ 17.08 (1) Represents shares earned by participants at 200.0% for awards granted in 2017. Share-Based Compensation Expense The table below summarizes the amounts recognized in the financial statements for the years ended December 31, 2020, 2019 and 2018 for share-based compensation, including expense for restricted stock units, performance share units, stock options and cash settled stock appreciation rights (in thousands): 2020 2019 2018 Cost of sales $ 763 $ 961 $ 976 Operating expenses 10,164 11,935 12,554 Total cost of employee share-based compensation, before income tax 10,927 12,896 13,530 Income tax benefit 2,513 2,966 3,112 Total cost of employee share-based compensation, after tax $ 8,414 $ 9,930 $ 10,418

Employee Benefit Plan

Employee Benefit Plan	12 Months Ended
	Dec. 31, 2020
Retirement Benefits [Abstract]
Employee Benefit Plan	Note 17. Employee Benefit Plan The Company has a voluntary deferred compensation plan under Section 401(k) of the Internal Revenue Code (the “401(k) Plan”) for all employees who satisfy the age and service requirements under the 401(k) Plan. Each participant may elect to contribute up to 75% of annual compensation, up to the maximum permitted under federal law, and per the 401(k) Plan document, the Company contributes annually, an amount equal to 50% of the participant’s contributions up to 6% of their eligible annual compensation. The Company suspended the 401(k) Plan match for all employees, except for employees who are unionized and are covered under a collective bargaining agreement, effective with the bi-weekly pay period beginning April 13, 2020, in light of the business and financial uncertainties created by the COVID-19 pandemic. The suspension remained in place through December 31, 2020, and starting January 1, 2021, the 401(k) Plan match was reinstated. The portion of the participant’s account attributable to elective deferral contributions and rollover contributions are 100% vested and nonforfeitable. Participants vest in employer contributions at a rate of 50% per year, becoming fully vested after the completion of two years of service. In accordance with the provisions of the 401(k) Plan, the Company matched employee contributions in the amount of $1,103,000, $2,719,000 and $2,340,000 during 2020, 2019 and 2018, respectively.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note 18. 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 three-tier hierarchy (see Note 2). The following table summarizes the valuation of the Company’s foreign currency forward contracts, cross-currency debt swap contracts and interest rate hedge contracts (see Note 19) that are measured at fair value on a recurring basis as of December 31, 2020 and 2019 (in thousands): Fair Level 1 Level 2 Level 3 2020 Foreign currency forward contracts — asset position $ 90 $ — $ 90 $ — Foreign currency forward contracts — liability position (1,553) — (1,553) — Interest rate hedge contracts — liability position (17,922) — (17,922) — $ (19,385) $ — $ (19,385) $ — 2019 Foreign currency forward contracts — asset position $ 61 $ — $ 61 $ — Foreign currency forward contracts — liability position (766) — (766) — Cross-currency debt swap contracts — asset position 6,163 — 6,163 — Cross-currency debt swap contracts — liability position (25) — (25) — Interest rate hedge contracts — liability 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 19). Disclosures about the Fair Value of Financial Instruments The carrying values of cash and cash equivalents at December 31, 2020 and 2019 are categorized within Level 1 of the fair value hierarchy. The table below illustrates information about fair value relating to the Company’s financial assets and liabilities that are recognized in the accompanying consolidated balance sheets as of December 31, 2020 and 2019 (in thousands). December 31, 2020 December 31, 2019 Carrying Fair Value Carrying Fair Value Term Loan Facility (1) $ 441,600 $ 443,243 $ 446,400 $ 450,864 2020 Japan Term Loan Facility (2) $ 18,390 $ 16,083 $ — $ — Convertible Notes (3) $ 258,750 $ 414,191 $ — $ — U.S. Asset-Based Revolving Credit Facility (4) $ 22,130 $ 22,130 $ 114,480 $ 114,480 Japan ABL Facility (4) $ — $ — $ 30,100 $ 30,100 Equipment Notes (5) $ 31,822 $ 29,385 $ 19,715 $ 19,715 (1) In January 2019, the Company entered into the Term Loan Facility. The fair value of this debt is based on quoted prices for similar instruments in active markets combined with quantitative pricing models, and is therefore categorized within Level 2 of the fair value hierarchy. See Note 7 for further information. (2) In August 2020, the Company entered into the 2020 Japan Term Loan Facility. The fair value is categorized within Level 2 of the fair value hierarchy. The Company used discounted cash flows and market-based expectations for interest rates, credit risk, and the contractual terms of the debt to derive the fair value. See Note 7 for further information. (3) In May 2020, the Company issued $258,750,000 of 2.75% Convertible Notes due in 2026. The fair value of this debt is based on quoted prices for similar instruments in active markets combined with quantitative pricing models, and is therefore categorized within Level 2 of the fair value hierarchy. See Note 7 for further information. (4) 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 7 for information on the Company's credit facilities, including certain risks and uncertainties related thereto. (5) The Company entered into equipment notes in 2017, 2019 and 2020 that are 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. The Company used discounted cash flows and market-based expectations for interest rates, credit risk, and the contractual terms of the debt to derive the fair value. See Note 7 for further information. Nonrecurring Fair Value Measurements

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
Segment Information	Note 20. Segment Information The Company has two operating and reportable segments: Golf Equipment and Apparel, Gear and Other. 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 the Jack Wolfskin outdoor apparel, gear and accessories business, the TravisMathew golf and lifestyle apparel and accessories business, the Callaway soft goods business and the OGIO business, 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. The table below contains information utilized by management to evaluate its operating segments. Years Ended December 31, 2020 2019 2018 (In thousands) Net sales: Golf Equipment $ 982,675 $ 979,173 $ 912,947 Apparel, Gear and Other 606,785 721,890 329,887 $ 1,589,460 $ 1,701,063 $ 1,242,834 Income (loss) before income tax: Golf Equipment $ 148,578 $ 140,316 $ 128,619 Apparel, Gear and Other 679 75,490 54,879 Reconciling items (1) (276,735) (120,037) (52,226) $ (127,478) $ 95,769 $ 131,272 Identifiable assets: Golf Equipment $ 481,214 $ 508,463 $ 437,604 Apparel, Gear and Other 754,601 939,463 269,432 Reconciling items (2) 744,785 512,622 345,908 $ 1,980,600 $ 1,960,548 $ 1,052,944 Additions to long-lived assets: (3) Golf Equipment $ 25,695 $ 29,167 $ 27,778 Apparel, Gear and Other 21,235 25,386 9,712 $ 46,930 $ 54,553 $ 37,490 Goodwill: (4) Golf Equipment $ 27,025 $ 26,329 $ 26,183 Apparel, Gear and Other 29,633 177,414 29,633 $ 56,658 $ 203,743 $ 55,816 Depreciation and amortization: Golf Equipment $ 19,212 $ 16,847 $ 11,165 Apparel, Gear and Other 20,296 18,104 8,783 $ 39,508 $ 34,951 $ 19,948 (1) Reconciling items represent corporate general and administration expenses and other income (expenses) not utilized by management in determining segment profitability. The $156,698,000 increase in reconciling items in 2020 compared to 2019 includes the recognition of a $174,300,000 impairment of the Jack Wolfskin goodwill and trade name in 2020 (see Note 9), and an $8,100,000 increase in interest expense. These increases were partially offset by a $23,400,000 increase in other income primarily due to foreign currency and hedging contract gains, combined with $10,928,000 of amortization expense recognized in 2019 related to the inventory valuation step-up from the Jack Wolfskin acquisition (see Note 6). The increase in reconciling items in 2019 compared to 2018 includes incremental corporate general and administrative expenses associated with the addition of the Jack Wolfskin business in January 2019, in addition to $34,084,000 in non-recurring transition costs associated with the acquisition of Jack Wolfskin combined with amortization charges of intangible assets related to the Company's OGIO and TravisMathew acquisitions as well as the amortization of intangible assets and the cost impact associated with a change in valuation of inventory (inventory step-up) related to the Company's Jack Wolfskin acquisition. Reconciling items in 2019 also include incremental interest expense of $31,707,000 related to the Term Loan Facility used for the Jack Wolfskin acquisition, as well as $3,896,000 of net foreign currency exchange losses associated with the Jack Wolfskin acquisition. In 2018, reconciling items include $7,261,000 of net foreign currency exchange gains, and $3,661,000 of transaction costs associated with the Jack Wolfskin acquisition that was completed in January 2019. (2) Identifiable assets are comprised of inventory, certain property, plant and equipment, intangible assets and goodwill. Reconciling items represent unallocated corporate assets not segregated between the two segments including cash and cash equivalents, net accounts receivable, and deferred tax assets. The $232,163,000 increase in reconciling items in 2020 compared to 2019 was primarily due to increases of $259,453,000 in cash and cash equivalents and $21,308,000 related to the additional investment in Topgolf in the third quarter of 2020, partially offset by a $14,213,000 decrease in net deferred tax assets, and a $13,407,000 decrease in prepaid assets. The $166,714,000 increase in reconciling items in 2019 compared to 2018 was primarily due to increases of $42,685,000 in cash and cash equivalents, $69,081,000 in net accounts receivable and a $17,897,000 increase related to the additional investment in Topgolf in the fourth quarter of 2019. (3) Additions to long-lived assets are comprised of purchases of property, plant and equipment. (4) The $147,085,000 decrease in goodwill in 2020 compared to 2019 was primarily due to an impairment of $148,375,000 for Jack Wolfskin goodwill. See Note 9 for further detail. The $147,927,000 increase in goodwill in 2019 compared to 2018 was primarily as a result of the acquisition of Jack Wolfskin in January 2019. The Company markets its products in the United States and internationally, with its principal international markets being Japan and Europe. The tables below contain information about the geographical areas in which the Company operates. Revenues are attributed to the location to which the product was shipped. Long-lived assets are based on location of domicile. Sales Long-Lived Assets (1) (In thousands) 2020 United States $ 778,600 $ 498,182 Europe 372,957 286,450 Japan 212,055 11,091 Rest of World 225,848 17,739 $ 1,589,460 $ 813,462 2019 United States $ 788,232 $ 466,957 Europe 428,628 444,468 Japan 246,260 10,347 Rest of World 237,943 15,380 $ 1,701,063 $ 937,152 2018 United States $ 708,467 $ 422,803 Europe 149,602 6,855 Japan 223,707 8,723 Rest of World 161,058 14,578 $ 1,242,834 $ 452,959 (1) Long-lived assets include all non-current assets of the Company except deferred tax assets and operating lease right-of-use assets. Geographic information of property, plant and equipment, net is as follows: Years Ended December 31, 2020 2019 2018 (In thousands) United States $ 116,459 $ 103,111 $ 75,320 Europe 17,078 19,148 2,562 Japan 6,028 5,655 5,489 Rest of World 6,930 4,846 5,101 $ 146,495 $ 132,760 $ 88,472

Summarized Quarterly Data (Unau

Summarized Quarterly Data (Unaudited)	12 Months Ended
	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
Summarized Quarterly Data (Unaudited)	Note 22. Summarized Quarterly Data (Unaudited) Fiscal Year 2020 Quarters 1st 2nd 3rd 4th Total (In thousands, except per share data) Net sales $ 442,276 $ 296,996 $ 475,559 $ 374,629 $ 1,589,460 Gross profit $ 195,674 $ 122,055 $ 200,733 $ 139,123 $ 657,585 Net income (loss) attributable to Callaway Golf Company $ 28,894 $ (167,684) $ 52,432 $ (40,576) $ (126,934) Earnings (loss) per common share (1) Basic $ 0.31 $ (1.78) $ 0.56 $ (0.43) $ (1.35) Diluted $ 0.30 $ (1.78) $ 0.54 $ (0.43) $ (1.35) Fiscal Year 2019 Quarters 1st 2nd 3rd 4th Total (In thousands, except per share data) Net sales $ 516,197 $ 446,708 $ 426,217 $ 311,941 $ 1,701,063 Gross profit $ 238,433 $ 206,817 $ 191,389 $ 130,148 $ 766,787 Net income (loss) $ 48,501 $ 28,898 $ 31,048 $ (29,218) $ 79,229 Less: Net loss attributable to non-controlling interests $ (146) $ (33) $ — $ — $ (179) Net income (loss) attributable to Callaway Golf Company $ 48,647 $ 28,931 $ 31,048 $ (29,218) $ 79,408 Earnings (loss) per common share (1) Basic $ 0.51 $ 0.31 $ 0.33 $ (0.31) $ 0.84 Diluted $ 0.50 $ 0.30 $ 0.32 $ (0.31) $ 0.82 (1) Earnings per share is computed individually for each of the quarters presented; therefore, the sum of the quarterly earnings per share may not necessarily equal the total for the year.

Summary of Significant Accounti

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Reconciliation of Allowance for Sales Returns	The following table provides a reconciliation of the activity related to the Company’s sales return reserve (in thousands): Years Ended December 31, 2020 2019 2018 (in thousands) Beginning balance $ 29,043 $ 24,522 $ 15,470 Provision 106,178 95,094 52,088 Sales returns (91,235) (90,573) (43,036) Ending balance $ 43,986 $ 29,043 $ 24,522
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its domestic and foreign subsidiaries. All intercompany transactions and balances have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States ("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, future price concessions, tax contingencies and estimates on the valuation of share-based awards and recoverability of long-lived assets
Recent Accounting Standards	Recent Accounting Standards In August 2020, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2020-06, "Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity." This ASU simplifies the accounting for convertible instruments by removing the separation models for (1) convertible debt with a cash conversion feature and (2) convertible instruments with a beneficial conversion feature. As a result, a convertible debt instrument will be accounted for as a single liability measured at its amortized cost. These changes will reduce reported interest expense and increase reported net income for entities that have issued a convertible instrument that was bifurcated according to previously existing rules. Also, this ASU requires the application of the if-converted method for calculating diluted earnings per share and the treasury stock method will be no longer available. The new guidance is effective for fiscal years beginning after December 15, 2021, with early adoption permitted no earlier than fiscal years beginning after December 15, 2020. Entities may adopt the guidance through either a modified retrospective method of transition or a fully retrospective method of transition. In applying the modified retrospective method, entities should apply the guidance to transactions outstanding as of the beginning of the fiscal year in which the amendments are adopted. The Company is currently evaluating the impact this ASU will have on its consolidated financial statements and disclosures. In December 2019, the FASB issued 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 GAAP requirements. ASU 2019-12 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. Depending on the amendment, adoption may be applied on a retrospective, modified retrospective or prospective basis. Based on the Company's preliminary assessment of this ASU, the Company does not anticipate it will have a material impact on the accounting and disclosures for income taxes. However, once the merger with Topgolf becomes final, the Company will reassess the impact of this ASU on the combined entity. 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 accounts 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 financial statements. For further information, see Note 5. 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 financial statements for the year ended December 31, 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." The adoption of this ASU did not have a material impact on the Company's consolidated financial statements and disclosures. The Company adopted ASU No. 2020-04, "Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting." This ASU provides optional expedients and exceptions for applying GAAP to contract modifications and hedging relationships, subject to meeting certain criteria, that reference the London Inter-bank Offered Rate ("LIBOR") or another reference rate expected to be discontinued. The Company has elected to apply the hedge accounting expedients related to the probability and the assessments of effectiveness of LIBOR-indexed
Revenue Recognition	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 are generally higher on a regional basis, with the exception of Europe, which has a higher concentration of sales of apparel, gear and other as a result of the Jack Wolfskin acquisition completed in January 2019. See Note 20 for information on revenue by major geographical region. 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 years ended December 31, 2020, 2019 and 2018 was $21,838,000, $22,455,000 and $19,021,000 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 December 31, 2020 and 2019, the Company had $2,546,000 and $2,190,000, respectively, in accrued deferred revenue related to gift cards in accounts payable and accrued expenses on the accompanying consolidated balance sheets. The Company recognized $2,840,000 and $3,031,000 of deferred gift card revenue during the year ended December 31, 2020 and 2019, 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 expected 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, which varies from two to three 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 twelve months ended December 31, 2020. 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. The following table provides a reconciliation of the activity related to the Company’s sales return reserve (in thousands): Years Ended December 31, 2020 2019 2018 (in thousands) Beginning balance $ 29,043 $ 24,522 $ 15,470 Provision 106,178 95,094 52,088 Sales returns (91,235) (90,573) (43,036) Ending balance $ 43,986 $ 29,043 $ 24,522
Warranty Policy	Warranty Policy 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 year ended December 31, 2019 includes the warranty reserves assumed in connection with the Jack Wolfskin acquisition (see Note 6). The following table provides a reconciliation of the activity related to the Company’s accrued warranty expense: Years Ended December 31, 2020 2019 2018 (In thousands) Beginning balance $ 9,636 $ 7,610 $ 6,657 Provision 7,926 8,311 9,437 Provision liability assumed from acquisition — 2,208 — Claims paid/costs incurred (8,198) (8,493) (8,484) Ending balance $ 9,364 $ 9,636 $ 7,610
Fair Value Measurements	Fair Value Measurements 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. The Company measures and discloses the fair value of nonfinancial and financial assets and liabilities utilizing a hierarchy of valuation techniques based on whether the inputs to a fair value measurement are considered to be observable or unobservable in a marketplace. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. This hierarchy requires the use of observable market data when available. The measurement of assets and liabilities 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 Company measures fair value using a set of standardized procedures that are outlined herein for all assets and liabilities which are required to be measured at fair value. When available, the Company utilizes quoted market prices from an independent third-party source to determine fair value and classifies such items in Level 1. In some instances where a market price is available, but the instrument is in an inactive or over-the-counter market, the Company consistently applies the dealer (market maker) pricing estimate and uses a midpoint approach on bid and ask prices from financial institutions to determine the reasonableness of these estimates. Assets and liabilities subject to this fair value valuation approach are typically classified as Level 2. Items valued using internally-generated valuation techniques are classified according to the lowest level input that is significant to the fair value measurement. As a result, the asset or liability could be classified in either Level 2 or Level 3 even though there may be some significant inputs that are readily observable. The Company utilizes a discounted cash flow valuation model whenever applicable to derive a fair value measurement on long-lived assets and goodwill and intangible assets. The Company uses its internal cash flow estimates discounted at an appropriate rate, quoted market prices, royalty rates when available and independent appraisals as appropriate. The Company also considers its counterparty’s and own credit risk on derivatives and other liabilities measured at their fair value.
Advertising Costs	Advertising Costs The Company's primary advertising costs include television, print, Internet, and media placement. The Company’s policy is to expense advertising costs, including production costs, as incurred. Advertising expenses for 2020, 2019 and 2018 were $83,361,000, $93,331,000 and $72,164,000, respectively, which is recognized within selling expenses on the accompanying consolidated statement of operations.
Research and Development Costs	Research and Development Costs Research and development costs are expensed as incurred. Research and development costs for 2020, 2019 and 2018 were $46,300,000, $50,579,000 and $40,752,000, respectively.
Foreign Currency Translation and Transactions	Foreign Currency Translation and Transactions A significant portion of the Company’s business is conducted outside of the United States in currencies other than the U.S. dollar. As a result, changes in foreign currency exchange rates can have a significant effect on the Company’s financial results. Revenues and expenses that are denominated in foreign currencies are translated using the average exchange rate for the period. Assets and liabilities are translated at the rate of exchange on the balance sheet date. Gains and losses from assets and liabilities denominated in a currency other than the functional currency of the entity in which they reside are generally recognized currently in the Company's statements of operations. Gains and losses from the translation of foreign subsidiary financial statements into U.S. dollars are included in accumulated other comprehensive income or loss (see Accumulated Other Comprehensive (Loss) Income policy below).
Derivatives and Hedging	Derivatives and Hedging In order to mitigate the impact of foreign currency translation on transactions and changes in interest rates, the Company uses foreign currency forward contracts and interest rate hedge contracts that are accounted for as designated and non-designated hedges pursuant to ASC Topic 815. ASC Topic 815 requires that an entity recognize all derivatives as either assets or liabilities on the balance sheet, measure those instruments at fair value and recognize changes in fair value in earnings in the period of change unless the derivative qualifies as 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. Derivatives that are not elected for hedge accounting treatment are recorded immediately in earnings. The Company would discontinue hedge accounting prospectively (i) if it is determined that the derivative is no longer effective in offsetting changes in the cash flows of a hedged item, (ii) when the derivative expires or is sold, terminated, or exercised, (iii) if it becomes probable that the forecasted transaction being hedged by the derivative will not occur, (iv) if a hedged firm commitment no longer meets the definition of a firm commitment, or (v) if it is determined that designation of the derivative as a hedge instrument is no longer appropriate. The Company estimates the fair value of its foreign currency forward contracts based on pricing models using current market rates. These contracts are classified under Level 2 of the fair value hierarchy (see Note 18).
Cash and Cash Equivalents	Cash and Cash Equivalents Cash equivalents are highly liquid investments purchased with original maturities of three months or less.
Inventories	Inventories The Company's inventory is recorded at the lower of cost or net realizable value, which includes a reserve for excess, obsolete and/or unmarketable inventory. This reserve is regularly assessed based on current inventory levels, sales trends and historical experience, as well as management’s estimates of market conditions and forecasts of future product demand, all of which are subject to change. The Company utilizes the standard costing method, determined on the first-in, first-out basis, for its golf equipment inventory and soft goods inventory sold under the TravisMathew, OGIO and Callaway brands, and the weighted average costing method for soft goods inventory sold under the Jack Wolfskin brand. Golf equipment inventory, which is directly manufactured by the Company, includes finished goods, raw materials, labor and manufacturing overhead costs and work in process. The Company's soft goods product lines, which are manufactured by third-party contractors, primarily include finished good products.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over estimated useful lives generally as follows: Buildings and improvements 10-30 years Machinery and equipment 5-10 years Furniture, computers and equipment 3-5 years Internal-use software 3-5 years Production molds 2-5 years During the years ended December 31, 2020, 2019 and 2018, the Company recorded depreciation expense of $34,388,000, $30,085,000 and $18,882,000, respectively, on the accompanying consolidated statements of operations. Normal repairs and maintenance costs are expensed as incurred. Expenditures that materially increase values, change capacities or extend useful lives are capitalized. The related costs and accumulated depreciation of disposed assets are eliminated and any resulting gain or loss on disposition is recognized in earnings. Construction in-process consists primarily of costs associated with building improvements, machinery and equipment that have not yet been placed into service, unfinished molds as well as in-process internal-use software.
Long-Lived Assets	Long-Lived Assets and Finite-Lived Intangible Assets The Company assesses potential impairments of its long-lived assets, namely property, plant and equipment and Right-Of-Use assets, and acquired intangible assets that are subject to amortization, such as acquired customer and distributor relationships, in accordance with ASC Topic 360-10-35, “Impairment or Disposal of Long-Lived Assets,” whenever events or changes in circumstances indicate that the asset’s carrying value may not be recoverable. An impairment charge would be recognized when the carrying amount of a long-lived asset or asset group is not recoverable and exceeds its fair value. The carrying amount of a long-lived asset or asset group is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset or asset group.
Goodwill and Intangible Assets	Goodwill and Intangible Assets The Company's intangible assets, which are comprised of goodwill, trade names, trademarks, service marks, trade dress, and customer and distributor relationships, were acquired in connection with the acquisitions of Odyssey Sports, Inc., FrogTrader, Inc., OGIO, TravisMathew, Jack Wolfskin, and certain foreign distributors. In accordance with ASC Topic 350, “Intangibles—Goodwill and Other,” goodwill and intangible assets with indefinite lives are not amortized but instead are measured for impairment at least annually or more frequently when events indicate that an impairment exists. The Company calculates impairment as the excess of the carrying value of goodwill and other indefinite-lived intangible assets over their estimated fair value. If the carrying value exceeds the estimate of fair value a write-down is recorded. To determine fair value, the Company uses discounted cash flow estimates, quoted market prices, royalty rates when available and independent appraisals when appropriate. During the second quarter of 2020, due to the significant disruptions caused by the COVID-19 pandemic on the Company's operations, the Company performed a qualitative assessment considering the macroeconomic conditions caused by the COVID-19 pandemic, and the potential impact on the Company's sales 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 to test the recoverability of goodwill for all of its reporting units, in addition to the recoverability of indefinite-lived intangible assets, consisting primarily of the trade names and trade marks associated with the Company's brands. Based on this assessment, the Company determined that the fair values of the Jack Wolfskin reporting unit and the Jack Wolfskin trade name were less than their carrying values. As a result, during the second quarter of 2020, the Company recognized impairment losses to write-off the goodwill associated with the Jack Wolfskin reporting unit and write-down the trade name associated with the Jack Wolfskin brand name to its new estimated fair value. There were no further impairments recognized over the remainder of 2020. For further discussion, see Note 9. Intangible assets that are determined to have definite lives are amortized over their estimated useful lives and are measured for impairment in accordance with ASC Topic 360-10-35, “Impairment or Disposal of Long-Lived Assets” as discussed above, only when events or circumstances indicate the carrying value may be impaired. See Note 9 for further discussion of the Company’s intangible assets. Costs related to the development, maintenance or renewal of internally developed intangible assets that are inherent in the Company's continuing business and relate to the Company as a whole, that were not acquired as a part of a business combination or asset acquisition, are expensed as incurred.
Investments	Investments The Company determines the appropriate classification of its investments at the time of acquisition and reevaluates such classification at each balance sheet date. Investments that do not have readily determinable fair values are stated at cost, and are evaluated for changes in fair value if there is an observable price change in an orderly transaction for an identical or similar investment in accordance with ASU 2016-01 (Subtopic 825-10) "Recognition and Measurement of Financial Assets and Financial Liabilities." The Company monitors investments for impairment whenever events or changes in circumstances indicate that the investment's carrying value may not be recoverable. An impairment charge
Share-Based Compensation	Share-Based Compensation The Company may grant restricted stock units and awards, performance based awards, stock options and stock appreciation rights, and other equity based awards to its officers, employees, consultants and other non-employees who provide services to the Company under its stock incentive plans, The Company accounts for its share-based compensation arrangements in accordance with ASC Topic 718, “Compensation—Stock Compensation” (“ASC Topic 718”), which requires the measurement and recognition of compensation expense, less a reduction for estimated forfeitures, for all share-based payment awards to employees and non-employees based on estimated fair values. Estimated forfeitures are 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. Stock awards subject to the achievement of performance measures are accounted for under ASU No. 2014-12, "Compensation—Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period" ("ASU No. 2014-12"). Restricted Stock Awards and Restricted Stock Units The estimated fair value of restricted stock awards and restricted stock units (collectively “restricted stock”) is calculated based on the closing price of the Company's common stock on the date of grant multiplied by the number of shares of restricted stock granted. Compensation expense, less an estimate for forfeitures, is recognized on a straight-line basis over a vesting period of three Performance Based Awards Performance restricted share units ("PRSUs") are stock-based awards in which the number of shares ultimately issued depends on the Company's achievement of specified goals over a designated period from the date of grant through the vesting date. The Company primarily grants two types of performance based awards: (1) PRSUs that are tied to cumulative currency neutral adjusted earnings per share objectives ("EPS PRSUs") and (2) PRSUs that are tied to the Company's total shareholder return ("TSR") in relation to the TSR of its peer group ("rTSR PRSUs"). The performance goals for both types of PRSUs are established by the Company at the beginning of a three-year performance period. The number of shares that could be issued can range from 0% to 200% of the participant's target award. EPS PRSUs can be earned or "banked" during a three-year performance period based on the degree of achievement of the performance goals. If certain first year performance goals are achieved, the participant could bank up to 50% of the three-year target award shares, subject to continued service through the vesting date, and if certain cumulative first- and second-year performance goals are achieved, the participant could bank up to an aggregate of 80% of the three-year target award shares (which includes any shares banked during the first year), subject to continued service through the vesting date. If by the end of the three-year performance period the cumulative performance goals are not achieved, participants are entitled to receive the shares that were banked during the first two years of the performance period. Any unbanked portion of the award at the end of the three-year performance period is forfeited. The estimated initial fair value of EPS PRSUs is calculated based on the closing price of the Company's common stock on the date of grant multiplied by the number of EPS PRSUs granted, and on the probable achievement of 100% of the performance goals as determined on the date of grant. Stock compensation expense, net of estimated forfeitures, is recognized on a straight-line basis over a three-year vesting period. The expense recognized over the vesting period is adjusted up or down within the range of 0% to 200% based on the anticipated performance level during the performance period. If the performance goals are not probable of achievement during the performance period, compensation expense would be reversed. The total number of rTSR PRSU shares earned at the end of the three-year performance period can range from 0% to 200% based on the Company's cumulative TSR performance against the calculated TSR performance for the companies listed in its peer group. The awards are forfeited if the cumulative TSR performance goal is not achieved as of the end of the three-year performance period. The grant date fair value of rTSR PRSUs is calculated based on a fixed value derived from a Monte Carlo simulation, which utilizes the stock volatility, dividend yield and market correlation of the Company and the Company's peer group, and on the probable achievement of 100% of the TSR performance goals as determined on the date of grant. The Monte Carlo fair value is multiplied by the total number of rTSR PRSUs granted, and is expensed on a straight-line basis over a three-year vesting period, net of estimated forfeitures. Stock Options All stock option grants made under the 2004 Incentive Plan are made at exercise prices no less than the Company’s closing stock price on the date of grant. Outstanding stock options generally vest over a three-year period from the grant date and generally expire up to 10 years after the grant date. The Company records compensation expense for employee stock options based on the estimated fair value of the options on the date of grant using the Black-Scholes option-pricing model. The model uses various assumptions, including a risk-free interest rate, the expected term of the options, the expected stock price volatility, and the expected dividend yield. Compensation expense for employee stock options is recognized over the vesting term and is reduced by an estimate for forfeitures, which is based on the Company’s historical forfeitures of unvested options and awards.
Income Taxes	Income Taxes Current income tax expense or benefit is the amount of income taxes expected to be payable or receivable for the current year. A deferred income tax asset or liability is established for the difference between the tax basis of an asset or liability computed pursuant to ASC Topic 740 and its reported amount in the financial statements that will result in taxable or deductible amounts in future years when the reported amount of the asset or liability is recovered or settled, respectively. In accordance with the applicable accounting rules, the Company maintains a valuation allowance for a deferred tax asset when it is deemed to be more likely than not that some or all of the deferred tax assets will not be realized. In evaluating whether a valuation allowance is required under such rules, the Company considers all available positive and negative evidence, including prior operating results, the nature and reason for any losses, its forecast of future taxable income, and the dates on which any deferred tax assets are expected to expire. These assumptions require a significant amount of judgment, including estimates of future taxable income. These estimates are based on the Company’s best judgment at the time made based on current and projected circumstances and conditions. For further information, see Note 13 “Income Taxes.” Pursuant to ASC Topic 740-25-6, the Company is required to accrue for the estimated additional amount of taxes for uncertain tax positions if it is deemed to be more likely than not that the Company would be required to pay such additional taxes. The Company is required to file federal and state income tax returns in the United States and various other income tax returns in foreign jurisdictions. The preparation of these income tax returns requires the Company to interpret the applicable tax laws and regulations in effect in such jurisdictions, which could affect the amount of tax paid by the Company. The Company accrues an amount for its estimate of additional tax liability, including interest and penalties in income tax expense, for any uncertain tax positions taken or expected to be taken in an income tax return. The Company reviews and updates the accrual for uncertain tax positions as more definitive information becomes available. Historically, additional taxes paid as a result of the resolution of the Company’s uncertain tax positions have not been materially different from the Company’s expectations. The Company recognizes interest and/or penalties related to income tax matters in income tax expense. For further information, see Note 13 “Income Taxes.”
Other Income (Expense), Net	Other Income, Net Other income, net primarily includes gains and losses on foreign currency forward contracts, cross-currency debt swap contracts and foreign currency transactions. The components of other income, net are as follows: Years Ended December 31, 2020 2019 2018 (In thousands) Foreign currency forward contract gain, net $ 2,910 $ 6,947 $ 10,085 Foreign currency transaction gain (loss), net 9,024 (5,838) (2,824) Settlement of cross-currency swap contract (See Note 19) 11,046 — — Other 1,989 485 518 $ 24,969 $ 1,594 $ 7,779
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Loss/Income Accumulated other comprehensive loss/income includes the impact of foreign currency translation adjustments and activity related to derivative instruments designated for hedge accounting. Foreign currency translation adjustments totaled net gains of $25,690,000 for the year ended December 31, 2020, and net losses, net of foreign currency translation adjustments related to non-controlling interests, of $4,412,000 and $7,969,000 for the years ended December 31, 2019 and 2018, respectively. The total equity adjustments from the remeasurement of derivative instruments, net of deferred taxes and amounts reclassified from equity to the consolidated statement of operations, were net losses of $9,814,000 and $4,310,000 for the years ended December 31, 2020 and 2019, respectively, and a net gain of $435,000 for the year ended December 31, 2018. For further information see Note 19 "Derivatives and Hedging." The following table details the amounts reclassified from accumulated other comprehensive income to cost of goods sold, as well as changes in foreign currency translation for the years ended December 31, 2020, 2019 and 2018 (in thousands): Derivative Instruments Foreign Currency Translation Total Accumulated other comprehensive loss, January 1, 2018 $ (328) $ (5,838) $ (6,166) Change in derivative instruments 389 — 389 Net losses reclassified to cost of goods sold (236) — (236) Foreign currency translation adjustments — (7,969) (7,969) Income tax expense 282 — 282 Accumulated other comprehensive loss, December 31, 2018, after tax 107 (13,807) (13,700) Change in derivative instruments 2,811 — 2,811 Net gains reclassified to cost of goods sold (1,165) — (1,165) Net gains reclassified to other income (expense) (2,756) (2,756) Net gains reclassified to interest expense (4,475) (4,475) Foreign currency translation adjustments — (4,412) (4,412) Income tax expense 1,275 — 1,275 Accumulated other comprehensive loss, December 31, 2019, after tax (4,203) (18,219) (22,422) Change in derivative instruments 2,956 — 2,956 Net gains reclassified to cost of goods sold (1,028) — (1,028) Net gains reclassified to other income (expense) (16,780) — (16,780) Net losses reclassified to interest expense 2,122 — 2,122 Foreign currency translation adjustments — 25,690 25,690 Income tax expense 2,916 — 2,916 Accumulated other comprehensive loss, December 31, 2020, after tax $ (14,017) $ 7,471 $ (6,546)
Segment Information	Segment Information The Company has two reportable operating segments: Golf Equipment and Apparel, Gear and Other. 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, 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.
Concentration of Risk	Concentration of Risk The Company operates in the golf equipment industry and has a concentrated customer base, which is primarily comprised of golf equipment retailers (including pro shops at golf courses and off-course retailers), sporting goods retailers and mass merchants and foreign distributors. On a consolidated basis, no single customer accounted for more than 10% of the Company’s consolidated net sales in 2020, 2019, and 2018. The Company's top five customers accounted for approximately 20% of the Company's consolidated net sales in 2020, 18% in 2019, and 22% in 2018. The Company's top five customers specific to each operating segment represented the following as a percentage of each segment's total net sales by operating segment: • Golf Equipment customers accounted for approximately 25%, 23% and 24% of total consolidated Golf Equipment net sales in 2020, 2019 and 2018, respectively; and • Apparel, Gear and Other customers accounted for approximately 12%, 11% and 19% of total consolidated Apparel, Gear and Other net sales in 2020, 2019 and 2018, respectively. A loss of one or more of these customers would have a significant effect on the Company's net sales. With respect to the Company's trade receivables, the Company performs ongoing credit evaluations of its customers’ financial condition and generally requires no collateral from these customers. The Company maintains reserves for estimated credit losses, which it considers adequate to cover any such losses. At December 31, 2020 and 2019, one customer represented 16% and 11%, respectively, of the Company’s outstanding accounts receivable balance. Of the Company’s total net sales, approximately 51%, 54% and 43% were derived from sales outside of the United States in 2020, 2019 and 2018, respectively. As a result of this international business, the Company is exposed to increased risks inherent in conducting business outside of the United States, including (i) adverse changes in foreign currency exchange rates (discussed further below); (ii) increased difficulty in protecting the Company's intellectual property rights and trade secrets; (iii) unexpected government action or changes in legal or regulatory requirements; (iv) social, economic, or political instability; (v) increased difficulty in ensuring compliance by employees, agents and contractors with the Company’s policies as well as with the laws of multiple jurisdictions; (vi) increased difficulty in controlling and monitoring foreign operations from the United States; and (vii) increased exposure to interruptions in air carrier or ship services. The Company is dependent on a limited number of suppliers for its clubheads and shafts, some of which are single sourced. Furthermore, some of the Company’s products require specially developed manufacturing techniques and processes which make it difficult to identify and utilize alternative suppliers quickly. The Company also depends on a single or a limited number of suppliers for the materials it uses to make its golf balls. Many of these materials are customized for the Company. The Company’s financial instruments that are subject to concentrations of credit risk consist primarily of cash equivalents, trade receivables, foreign currency forward contracts, cross-currency debt swap contracts and interest rate hedge contracts. From time to time, the Company invests its excess cash in money market accounts and short-term U.S. government securities and has established guidelines relative to diversification and maturities in an effort to maintain safety and liquidity. These guidelines are periodically reviewed and modified to take advantage of trends in yields and interest rates. The Company enters into foreign currency forward contracts for the purpose of hedging foreign exchange rate exposures on existing or anticipated transactions, and interest rate hedge contracts for the purpose of hedging interest rate exposures on its term loan facility. In the event of a failure to honor one of these contracts by one of the banks with which the Company has contracted, management believes any loss would be limited to the exchange rate differential from the time the contract was made until the time it was settled. The Company's hedging contracts are subject to a master netting agreement with each respective counterparty bank and are therefore net settled.
Credit Loss, Financial Instrument	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.
Business Combinations Policy	Business CombinationsThe Company uses its best estimates and assumptions to determine the fair value of tangible and intangible assets acquired and liabilities assumed, as well as the uncertain tax positions and tax-related valuation allowances that are initially recorded in connection with a business combination. These estimates and assumptions are uncertain and may require adjustment. During the measurement period of one year from the acquisition date, the Company continues to collect information and reevaluate these estimates and assumptions, and records adjustments to these estimates to goodwill. Any adjustments to the acquired assets and liabilities assumed that are identified subsequent to the measurement period are recorded in earnings.
Cost of Goods and Service	Cost of Goods SoldThe Company’s cost of goods sold is comprised primarily of variable costs that fluctuate with sales volumes, including raw materials and component costs, merchandise from third parties, conversion costs including direct labor and manufacturing overhead, and inbound freight, duties and shipping charges. Fixed overhead expenses include warehousing costs, indirect labor and supplies, as well as depreciation expense associated with assets used to manufacture and distribute products. In addition, cost of goods sold includes adjustments to reflect inventory at its net realizable value, as well as adjustments for obsolescence and product warranties.
Selling, General and Administrative Expenses, Policy	Selling, General and Administrative Expenses (SG&A) SG&A expenses are comprised primarily of employee costs, advertising and promotional costs, tour expenses, legal and professional fees, travel expenses, building and rent expenses, depreciation charges (excluding those related to manufacturing and distribution operations), amortization of intangible assets, and other miscellaneous expenses.

Revenue Recognition (Policies)

Revenue Recognition (Policies)	12 Months Ended
	Dec. 31, 2020
Revenue Recognition [Abstract]
Revenue Recognition	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 are generally higher on a regional basis, with the exception of Europe, which has a higher concentration of sales of apparel, gear and other as a result of the Jack Wolfskin acquisition completed in January 2019. See Note 20 for information on revenue by major geographical region. 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 years ended December 31, 2020, 2019 and 2018 was $21,838,000, $22,455,000 and $19,021,000 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 December 31, 2020 and 2019, the Company had $2,546,000 and $2,190,000, respectively, in accrued deferred revenue related to gift cards in accounts payable and accrued expenses on the accompanying consolidated balance sheets. The Company recognized $2,840,000 and $3,031,000 of deferred gift card revenue during the year ended December 31, 2020 and 2019, 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 expected 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, which varies from two to three 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 twelve months ended December 31, 2020. 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. The following table provides a reconciliation of the activity related to the Company’s sales return reserve (in thousands): Years Ended December 31, 2020 2019 2018 (in thousands) Beginning balance $ 29,043 $ 24,522 $ 15,470 Provision 106,178 95,094 52,088 Sales returns (91,235) (90,573) (43,036) Ending balance $ 43,986 $ 29,043 $ 24,522

Receivables, Loans, Notes Recei

Receivables, Loans, Notes Receivable, and Others (Policies)	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
Credit Loss, Financial Instrument	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.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Reconciliation of Allowance for Sales Returns	The following table provides a reconciliation of the activity related to the Company’s sales return reserve (in thousands): Years Ended December 31, 2020 2019 2018 (in thousands) Beginning balance $ 29,043 $ 24,522 $ 15,470 Provision 106,178 95,094 52,088 Sales returns (91,235) (90,573) (43,036) Ending balance $ 43,986 $ 29,043 $ 24,522
Reconciliation of Reserve for Warranty Expense	The following table provides a reconciliation of the activity related to the Company’s accrued warranty expense: Years Ended December 31, 2020 2019 2018 (In thousands) Beginning balance $ 9,636 $ 7,610 $ 6,657 Provision 7,926 8,311 9,437 Provision liability assumed from acquisition — 2,208 — Claims paid/costs incurred (8,198) (8,493) (8,484) Ending balance $ 9,364 $ 9,636 $ 7,610
Estimated Useful Lives	Depreciation is computed using the straight-line method over estimated useful lives generally as follows: Buildings and improvements 10-30 years Machinery and equipment 5-10 years Furniture, computers and equipment 3-5 years Internal-use software 3-5 years Production molds 2-5 years
Other Income (Expense) Net	Other income, net primarily includes gains and losses on foreign currency forward contracts, cross-currency debt swap contracts and foreign currency transactions. The components of other income, net are as follows: Years Ended December 31, 2020 2019 2018 (In thousands) Foreign currency forward contract gain, net $ 2,910 $ 6,947 $ 10,085 Foreign currency transaction gain (loss), net 9,024 (5,838) (2,824) Settlement of cross-currency swap contract (See Note 19) 11,046 — — Other 1,989 485 518 $ 24,969 $ 1,594 $ 7,779
Schedule of Accumulated Other Comprehensive Income (Loss)	The following table details the amounts reclassified from accumulated other comprehensive income to cost of goods sold, as well as changes in foreign currency translation for the years ended December 31, 2020, 2019 and 2018 (in thousands): Derivative Instruments Foreign Currency Translation Total Accumulated other comprehensive loss, January 1, 2018 $ (328) $ (5,838) $ (6,166) Change in derivative instruments 389 — 389 Net losses reclassified to cost of goods sold (236) — (236) Foreign currency translation adjustments — (7,969) (7,969) Income tax expense 282 — 282 Accumulated other comprehensive loss, December 31, 2018, after tax 107 (13,807) (13,700) Change in derivative instruments 2,811 — 2,811 Net gains reclassified to cost of goods sold (1,165) — (1,165) Net gains reclassified to other income (expense) (2,756) (2,756) Net gains reclassified to interest expense (4,475) (4,475) Foreign currency translation adjustments — (4,412) (4,412) Income tax expense 1,275 — 1,275 Accumulated other comprehensive loss, December 31, 2019, after tax (4,203) (18,219) (22,422) Change in derivative instruments 2,956 — 2,956 Net gains reclassified to cost of goods sold (1,028) — (1,028) Net gains reclassified to other income (expense) (16,780) — (16,780) Net losses reclassified to interest expense 2,122 — 2,122 Foreign currency translation adjustments — 25,690 25,690 Income tax expense 2,916 — 2,916 Accumulated other comprehensive loss, December 31, 2020, after tax $ (14,017) $ 7,471 $ (6,546)

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2020 December 31, 2019 Operating leases ROU assets, net Operating lease right-of-use assets, net $ 194,776 $ 160,098 Lease liabilities, short-term Operating lease liabilities, short-term $ 29,579 $ 26,418 Lease liabilities, long-term Operating lease liabilities, long-term $ 177,996 $ 137,696 Finance Leases ROU assets, net, Other assets $ 1,003 $ 1,263 Lease liabilities, short-term Accounts payable and accrued expenses $ 252 $ 589 Lease liabilities, long-term Long-term other $ 447 $ 558
Components of Lease Expense and Other Information Related to Leases	The components of lease expense are as follows (in thousands): December 31, 2020 December 31, 2019 Operating lease costs $ 42,520 $ 38,449 Financing lease costs: Amortization of right-of-use assets 870 845 Interest on lease liabilities 47 83 Total financing lease costs 917 928 Variable lease costs 2,473 4,361 Total lease costs $ 45,910 $ 43,738 Other information related to leases was as follows (in thousands): Supplemental Cash Flows Information December 31, 2020 December 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 39,774 $ 38,926 Operating cash flows from finance leases $ 47 $ 83 Financing cash flows from finance leases $ 792 $ 706 Lease liabilities arising from new ROU assets: Operating leases $ 65,547 $ 18,026 Finance leases $ 139 $ 308 Weighted average remaining lease term (years): Operating leases 9.8 10.4 Finance leases 3.0 2.8 Weighted average discount rate: Operating leases 5.3 % 5.7 % Finance leases 3.9 % 4.2 %
Future Minimum Lease Obligations	Future minimum lease obligations as of December 31, 2020 were as follows (in thousands): Operating Leases Finance Leases 2021 $ 40,212 $ 282 2022 34,548 240 2023 30,211 129 2024 26,028 49 2025 22,855 26 Thereafter 115,052 8 Total future lease payments 268,906 734 Less: imputed interest 61,331 35 Total $ 207,575 $ 699
Future Minimum Lease Obligations	Future minimum lease obligations as of December 31, 2020 were as follows (in thousands): Operating Leases Finance Leases 2021 $ 40,212 $ 282 2022 34,548 240 2023 30,211 129 2024 26,028 49 2025 22,855 26 Thereafter 115,052 8 Total future lease payments 268,906 734 Less: imputed interest 61,331 35 Total $ 207,575 $ 699

Revenue Recognition Revenue R_2

Revenue Recognition Revenue Recognition (Tables)	12 Months Ended
	Dec. 31, 2020
Revenue Recognition [Abstract]
Reconciliation of Allowance for Sales Returns	The following table provides a reconciliation of the activity related to the Company’s sales return reserve (in thousands): Years Ended December 31, 2020 2019 2018 (in thousands) Beginning balance $ 29,043 $ 24,522 $ 15,470 Provision 106,178 95,094 52,088 Sales returns (91,235) (90,573) (43,036) Ending balance $ 43,986 $ 29,043 $ 24,522
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 Year Ended December 31, 2020 Year Ended December 31, 2019 Golf Equipment Apparel, Gear Total Golf Equipment Apparel, Gear Total Major product category: Golf Clubs $ 787,072 $ — $ 787,072 $ 768,310 $ — $ 768,310 Golf Balls 195,603 — 195,603 210,863 — 210,863 Apparel — 349,272 349,272 — 410,712 410,712 Gear, Accessories & Other — 257,513 257,513 — 311,178 311,178 $ 982,675 $ 606,785 $ 1,589,460 $ 979,173 $ 721,890 $ 1,701,063

Estimated Credit Losses (Tables

Estimated Credit Losses (Tables)	12 Months Ended
	Dec. 31, 2020
Credit Loss [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): Years Ended December 31, 2020 2019 2018 Beginning balance $ 5,992 $ 5,610 $ 4,447 Adjustment due to the adoption of Topic 326 289 — — Provision for credit losses 2,924 1,107 2,257 Write-off of uncollectible amounts, net of recoveries (364) (725) (1,094) Ending balance $ 8,841 $ 5,992 $ 5,610

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
	Dec. 31, 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 (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 (Tables)

Financing Arrangements (Tables)	12 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Schedule of Maturities of Long-term Debt	The following table presents the Company's combined aggregate amount of maturities for its Equipment Notes, Term Loan Facility, 2020 Japan Term Loan Facility, and Convertible Notes over the next five years and thereafter as of December 31, 2020. Amounts payable under the Term Loan Facility included below represent the minimum principal repayment obligations. As of December 31, 2020, the Company does not anticipate excess cash flow repayments as defined by the Term Loan Facility. (in thousands) 2021 $ 17,584 2022 17,468 2023 14,778 2024 13,396 2025 10,096 2026 681,040 $ 754,362

Earnings per Common Share (Tabl

Earnings per Common Share (Tables)	12 Months Ended
	Dec. 31, 2020
Equity [Abstract]
Computation of Basic and Diluted Earnings (Loss) Per Share	The following table summarizes the computation of basic and diluted (loss) earnings per share: Years Ended December 31, 2020 2019 2018 (In thousands, except per share data) (Loss) earnings per common share—basic Net (loss) income attributable to Callaway Golf Company $ (126,934) $ 79,408 $ 104,740 Weighted-average common shares outstanding—basic 94,201 94,251 94,579 Basic (loss) earnings per common share $ (1.35) $ 0.84 $ 1.11 (Loss) earnings per common share—diluted Net (loss) income attributable to Callaway Golf Company $ (126,934) $ 79,408 $ 104,740 Weighted-average common shares outstanding—basic 94,201 94,251 94,579 Options, restricted stock and performance based awards — 2,036 2,574 Weighted-average common shares outstanding—diluted 94,201 96,287 97,153 Diluted (loss) earnings per common share $ (1.35) $ 0.82 $ 1.08

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2020 December 31, 2019 Gross Accumulated Net Book Gross Accumulated Net Book Indefinite-lived: Trade name, trademark and trade dress and other NA $ 446,803 $ — $ 446,803 $ 453,837 $ — $ 453,837 Amortizing: Patents 2-16 31,581 31,581 — 31,581 31,581 — Customer and distributor relationships, and other 1-9 57,309 19,773 37,536 53,904 14,318 39,586 Total intangible assets $ 535,693 $ 51,354 $ 484,339 $ 539,322 $ 45,899 $ 493,423
Amortization Expense Related to Intangible Assets	Amortization expense related to intangible assets at December 31, 2020 in each of the next five fiscal years and beyond is expected to be incurred as follows (in thousands): 2021 $ 4,780 2022 4,724 2023 4,548 2024 4,409 2025 4,409 Thereafter 14,666 $ 37,536

Selected Financial Statement _2

Selected Financial Statement Information (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure Selected Financial Statement Information [Abstract]
Selected Financial Statement Information	December 31, 2020 2019 (In thousands) Accounts receivable, net: Trade accounts receivable $ 225,459 $ 203,078 Liability for sales returns (43,986) (29,043) Accrued variable consideration for sales program incentives (26,187) (20,336) Allowance for doubtful accounts (16,804) (13,244) $ 138,482 $ 140,455 Inventories: Raw materials $ 69,932 $ 76,140 Work-in-process 1,010 860 Finished goods 281,602 379,639 $ 352,544 $ 456,639 Property, plant and equipment, net: Land $ 7,308 $ 7,229 Buildings and improvements 100,653 80,856 Machinery and equipment 137,026 129,680 Furniture, computers and equipment 142,640 134,719 Production molds 6,809 5,820 Construction-in-process 13,299 37,244 407,735 395,548 Accumulated depreciation (261,240) (262,788) $ 146,495 $ 132,760 Accounts payable and accrued expenses: Accounts payable $ 66,282 $ 67,843 Accrued expenses 165,333 196,308 Accrued goods in-transit 47,140 12,149 $ 278,755 $ 276,300 Accrued employee compensation and benefits: Accrued payroll and taxes $ 17,009 $ 34,303 Accrued vacation and sick pay 12,887 11,574 Accrued commissions 1,041 1,014 $ 30,937 $ 46,891

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Loss Before Income Tax Provision (Benefit)	The Company’s income before income tax provision was subject to taxes in the following jurisdictions for the following periods (in thousands): Years Ended December 31, 2020 2019 2018 United States $ 68,916 $ 55,352 $ 100,031 Foreign (196,394) 40,417 31,241 $ (127,478) $ 95,769 $ 131,272
Expense Benefit for Income Taxes	The expense (benefit) for income taxes is comprised of (in thousands): Years Ended December 31, 2020 2019 2018 Current tax provision: Federal $ 1,665 $ 1,022 $ 736 State 1,467 1,403 1,880 Foreign 5,385 9,933 6,577 8,517 12,358 9,193 Deferred tax (benefit) expense: Federal 8,579 10,185 14,844 State 5,166 335 1,086 Foreign (22,806) (6,338) 895 (9,061) 4,182 16,825 Income tax (benefit) provision $ (544) $ 16,540 $ 26,018
Components of Deferred Tax Assets and Liabilities	Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2020 and 2019 are as follows (in thousands): December 31, 2020 2019 Deferred tax assets: Reserves and allowances not currently deductible for tax purposes $ 26,026 $ 22,926 Basis difference related to fixed assets 6,294 8,381 Compensation and benefits 4,968 7,580 Basis difference for inventory valuation 927 849 Compensatory stock options and rights 2,586 3,404 Operating loss carryforwards 19,889 9,080 Tax credit carryforwards 49,525 55,001 ASC 842 lease liability 52,785 44,768 Interest expense carryforward 7,030 5,057 Basis difference related to intangible assets with a definite life 4,370 354 Other 7,992 2,790 Total deferred tax assets 182,392 160,190 Valuation allowance for deferred tax assets (21,032) (14,469) Deferred tax assets, net of valuation allowance $ 161,360 $ 145,721 Deferred tax liabilities: Prepaid expenses (1,323) (1,685) Convertible debt (8,958) — Basis difference related to intangible assets with an indefinite life (100,062) (99,712) ASC 842 right-of-use assets (49,910) (43,859) Total deferred tax liabilities (160,253) (145,256) Net deferred tax assets $ 1,107 $ 465 Net deferred tax assets (liabilities) are shown on the accompanying consolidated balance sheets as follows: Non-current deferred tax assets $ 59,735 $ 73,948 Non-current deferred tax liabilities (58,628) (73,483) Net deferred tax assets $ 1,107 $ 465
Credit Carryforward Expiry	At December 31, 2020, the Company had federal and state income tax credit carryforwards of $41,020,000 and $22,585,000, respectively, which will expire if unused at various dates beginning on December 31, 2027. Such credit carryforwards expire as follows (in thousands): U.S. foreign tax credit $ 18,627 2027 - 2029 U.S. research tax credit $ 22,368 2031 - 2040 U.S. business tax credits $ 26 2031 - 2039 State investment tax credits $ 1,650 Do not expire State research tax credits $ 20,935 Do not expire
Net Operating Losses Expiry	The Company has recorded a deferred tax asset reflecting the benefit of operating loss carryforwards. The net operating losses expire as follows (in thousands): U.S. loss carryforwards $ — N/A State loss carryforwards $ 95,552 2032 - 2038
Reconciliation of Effective Tax Rate on Income or Loss and Statutory Tax Rate	A reconciliation of the effective tax rate on income or loss and the statutory tax rate is as follows: Years Ended December 31, 2020 2019 2018 Statutory U.S. tax rate 21.0 % 21.0 % 21.0 % State income taxes, net of U.S. tax benefit (4.1) % 1.6 % 1.8 % Foreign income taxed at other than U.S. statutory rate 7.0 % (5.0) % 1.1 % Federal tax credits 2.8 % (3.5) % (4.4) % Goodwill impairment (24.5) % — % — % Other non-deductible expenses (1.7) % 1.2 % 0.7 % Non-deductible compensation (0.7) % 1.5 % 0.8 % Stock option compensation excess tax benefits 1.4 % (1.5) % (1.0) % Intra-entity asset transfers — % — % 0.8 % U.S. foreign tax inclusions (0.4) % 0.1 % 1.1 % Foreign derived intangible income deduction 1.1 % (3.2) % (2.7) % Impact of uncertain tax positions (1.6) % 3.7 % 0.8 % Enactment of the Tax Cuts and Jobs Act — % — % 0.3 % Change in deferred tax valuation allowance (0.7) % 0.2 % — % Other 0.8 % 1.2 % (0.5) % Effective tax rate 0.4 % 17.3 % 19.8 %
Reconciliation of Unrecognized Tax Benefits	A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands): 2020 2019 2018 Balance at January 1 $ 25,993 $ 11,832 $ 9,300 Additions based on tax positions related to the current year 3,119 3,224 1,354 Additions for tax positions of prior years 474 593 1,624 Reductions for tax positions of prior years (186) (174) (148) Settlement of tax audits — (7) — Current year acquisitions — 11,006 — Reductions due to lapsed statute of limitations (1,098) (481) (298) Balance at December 31 $ 28,302 $ 25,993 $ 11,832
Major Jurisdictions No Longer Subject to Income Tax Examinations by Tax Authorities	The Company or one of its subsidiaries files income tax returns in the U.S. federal jurisdiction and various states and foreign jurisdictions. The Company is generally no longer subject to income tax examinations by tax authorities in its major jurisdictions as follows: Major Tax Jurisdiction Years No Longer Subject to Audit U.S. federal 2010 and prior California (U.S.) 2008 and prior Germany 2013 and prior Japan 2013 and prior South Korea 2014 and prior United Kingdom 2016 and prior

Commitments & Contingencies (Ta

Commitments & Contingencies (Tables)	12 Months Ended
	Dec. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Future Purchase Commitments	2021 $ 27,591 2022 22,324 2023 9,658 2024 1,572 2025 363 $ 61,508

Share-Based Employee Compensa_2

Share-Based Employee Compensation (Tables)	12 Months Ended
	Dec. 31, 2020
Share-based Payment Arrangement [Abstract]
Shares Authorized, Available for Future Grant and Outstanding Under Each Plans	The following table presents shares authorized, available for future grant and outstanding under each of the Company’s plans as of December 31, 2020: Authorized Available Outstanding (1) (In thousands) 2004 Incentive Plan 33,000 8,652 2,262 2013 Directors Plan 1,000 566 74 Total 34,000 9,218 2,336 (1) Includes 3,064 shares of accrued incremental dividend equivalent rights on outstanding shares underlying restricted stock units granted under the 2004 Incentive Plan and 2013 Directors Plan.
Stock Option Activities	The following table summarizes the Company’s stock option activities for the year ended December 31, 2020 (in thousands, except price per share and contractual term): Options Number of Weighted- Weighted- Aggregate Outstanding at January 1, 2020 635 $ 6.53 Granted — $ — Exercised (37) $ 6.71 Forfeited — $ — Expired — $ — Outstanding at December 31, 2020 598 $ 6.52 2.09 $ 10,457 Vested and expected to vest in the future at December 31, 2020 598 $ 6.52 2.09 $ 10,457 Exercisable at December 31, 2020 598 $ 6.52 2.09 $ 10,457
Roll-Forward of Activity for Restricted Stock Units	The table below is a roll-forward of the activity for restricted stock units during the 12 months ended December 31, 2020 (in thousands, except fair value amounts): Restricted Stock Units Units Weighted- Nonvested at January 1, 2020 1,036 $ 14.04 Granted 409 17.84 Vested (437) 13.63 Forfeited (108) 15.14 Nonvested at December 31, 2020 (1) 900 $ 15.83 (1) Excludes 3,000 shares of accrued incremental dividend equivalent rights on outstanding shares underlying restricted stock units granted under the 2004 Incentive Plan and 2013 Directors Plan.
Roll-Forward of Activity for Performance Share Units	The table below is a roll-forward of the activity for performance based awards during the 12 months ended December 31, 2020 (in thousands, except fair value amounts): Performance Share Units Units Weighted- Nonvested at January 1, 2020 1,051 $ 13.50 PSUs Granted 125 19.66 rTSR PRSUs Granted 125 23.22 Target Award Adjustment (1) 341 10.10 Vested (709) 10.21 Forfeited (98) 15.21 Nonvested at December 31, 2020 835 $ 17.08
Summary of Total Number of Stock Appreciation Rights Granted
Share-Based Compensation Including Expense for Phantom Stock Units and Cash Settled Stock Appreciation Rights Granted to Employees	The table below summarizes the amounts recognized in the financial statements for the years ended December 31, 2020, 2019 and 2018 for share-based compensation, including expense for restricted stock units, performance share units, stock options and cash settled stock appreciation rights (in thousands): 2020 2019 2018 Cost of sales $ 763 $ 961 $ 976 Operating expenses 10,164 11,935 12,554 Total cost of employee share-based compensation, before income tax 10,927 12,896 13,530 Income tax benefit 2,513 2,966 3,112 Total cost of employee share-based compensation, after tax $ 8,414 $ 9,930 $ 10,418

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 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, cross-currency debt swap contracts and interest rate hedge contracts (see Note 19) that are measured at fair value on a recurring basis as of December 31, 2020 and 2019 (in thousands): Fair Level 1 Level 2 Level 3 2020 Foreign currency forward contracts — asset position $ 90 $ — $ 90 $ — Foreign currency forward contracts — liability position (1,553) — (1,553) — Interest rate hedge contracts — liability position (17,922) — (17,922) — $ (19,385) $ — $ (19,385) $ — 2019 Foreign currency forward contracts — asset position $ 61 $ — $ 61 $ — Foreign currency forward contracts — liability position (766) — (766) — Cross-currency debt swap contracts — asset position 6,163 — 6,163 — Cross-currency debt swap contracts — liability position (25) — (25) — Interest rate hedge contracts — liability position (8,894) — (8,894) — $ (3,461) $ — $ (3,461) $ —
Fair Value, by Balance Sheet Grouping	The table below illustrates information about fair value relating to the Company’s financial assets and liabilities that are recognized in the accompanying consolidated balance sheets as of December 31, 2020 and 2019 (in thousands). December 31, 2020 December 31, 2019 Carrying Fair Value Carrying Fair Value Term Loan Facility (1) $ 441,600 $ 443,243 $ 446,400 $ 450,864 2020 Japan Term Loan Facility (2) $ 18,390 $ 16,083 $ — $ — Convertible Notes (3) $ 258,750 $ 414,191 $ — $ — U.S. Asset-Based Revolving Credit Facility (4) $ 22,130 $ 22,130 $ 114,480 $ 114,480 Japan ABL Facility (4) $ — $ — $ 30,100 $ 30,100 Equipment Notes (5) $ 31,822 $ 29,385 $ 19,715 $ 19,715 (1) In January 2019, the Company entered into the Term Loan Facility. The fair value of this debt is based on quoted prices for similar instruments in active markets combined with quantitative pricing models, and is therefore categorized within Level 2 of the fair value hierarchy. See Note 7 for further information. (2) In August 2020, the Company entered into the 2020 Japan Term Loan Facility. The fair value is categorized within Level 2 of the fair value hierarchy. The Company used discounted cash flows and market-based expectations for interest rates, credit risk, and the contractual terms of the debt to derive the fair value. See Note 7 for further information. (3) In May 2020, the Company issued $258,750,000 of 2.75% Convertible Notes due in 2026. The fair value of this debt is based on quoted prices for similar instruments in active markets combined with quantitative pricing models, and is therefore categorized within Level 2 of the fair value hierarchy. See Note 7 for further information. (4) 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 7 for information on the Company's credit facilities, including certain risks and uncertainties related thereto. (5) The Company entered into equipment notes in 2017, 2019 and 2020 that are 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. The Company used discounted cash flows and market-based expectations for interest rates, credit risk, and the contractual terms of the debt to derive the fair value. See Note 7 for further information.

Derivatives and Hedging (Tables

Derivatives and Hedging (Tables)	12 Months Ended
	Dec. 31, 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 foreign currency forward contracts, cross-currency debt swap contracts and interest rate hedge contracts as well as the location of the asset and/or liability on the consolidated balance sheets at December 31, 2020 and 2019 (in thousands): Fair Value of December 31, Balance Sheet Location 2020 2019 Derivatives designated as cash flow hedging instruments: Foreign currency forward contracts Other current assets $ 37 $ 53 Cross-currency debt swap contracts Other current assets — 6,163 $ 37 $ 6,216 Derivatives not designated as hedging instruments: Foreign currency forward contracts Other current assets 53 8 Total asset position $ 90 $ 6,224 Fair Value of December 31, Balance Sheet Location 2020 2019 Derivatives designated as cash flow hedging instruments: Foreign currency forward contracts Accounts payable and accrued expenses $ 38 $ 24 Cross-currency debt swap contracts Accounts payable and accrued expenses — 25 Interest rate hedge contracts Accounts payable and accrued expenses 4,780 1,865 Interest rate hedge contracts Other long-term liabilities 13,142 7,030 17,960 8,944 Derivatives not designated as hedging instruments: Foreign currency forward contracts Accounts payable and accrued expenses 1,515 741 Total liability position $ 19,475 $ 9,685
Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location	The following tables summarize the net effect of all cash flow hedges on the consolidated financial statements for the year ended December 31, 2020, 2019, and 2018 (in thousands): Net Gain (Loss) Recognized in Accumulated Other Comprehensive Income (Loss) Year Ended December 31, Derivatives designated as cash flow hedging instruments 2020 2019 2018 Foreign currency forward contracts $ 756 $ 1,033 $ 389 Cross-currency debt swap contracts 15,081 11,212 — Interest rate hedge contracts (12,881) (9,434) — $ 2,956 $ 2,811 $ 389 Net Gain (Loss) Reclassified from Accumulated Other Comprehensive Income (Loss) into Earnings Year Ended December 31, Derivatives designated as cash flow hedging instruments 2020 2019 2018 Foreign currency forward contracts $ 1,028 $ 1,165 $ 236 Cross-currency debt swap contracts 18,510 7,783 — Interest rate hedge contracts (3,852) (552) — $ 15,686 $ 8,396 $ 236
Location of Gains and Losses in Consolidated Condensed Statements of Operations that were Recognized and Derivative Contract Type	The following table summarizes the location of gains on the consolidated statements of operations that were recognized during the years ended December 31, 2020, 2019 and 2018, in addition to the derivative contract type (in thousands): Amount of Net Gain Recognized in Income on Derivative Instruments Derivatives not designated as hedging instruments Location of Net gain recognized in Years Ended December 31, 2020 2019 2018 Foreign currency forward contracts Other income, net $ 2,156 $ 4,176 $ 9,705

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
Information Utilized by Management to Evaluate its Operating Segments	The table below contains information utilized by management to evaluate its operating segments. Years Ended December 31, 2020 2019 2018 (In thousands) Net sales: Golf Equipment $ 982,675 $ 979,173 $ 912,947 Apparel, Gear and Other 606,785 721,890 329,887 $ 1,589,460 $ 1,701,063 $ 1,242,834 Income (loss) before income tax: Golf Equipment $ 148,578 $ 140,316 $ 128,619 Apparel, Gear and Other 679 75,490 54,879 Reconciling items (1) (276,735) (120,037) (52,226) $ (127,478) $ 95,769 $ 131,272 Identifiable assets: Golf Equipment $ 481,214 $ 508,463 $ 437,604 Apparel, Gear and Other 754,601 939,463 269,432 Reconciling items (2) 744,785 512,622 345,908 $ 1,980,600 $ 1,960,548 $ 1,052,944 Additions to long-lived assets: (3) Golf Equipment $ 25,695 $ 29,167 $ 27,778 Apparel, Gear and Other 21,235 25,386 9,712 $ 46,930 $ 54,553 $ 37,490 Goodwill: (4) Golf Equipment $ 27,025 $ 26,329 $ 26,183 Apparel, Gear and Other 29,633 177,414 29,633 $ 56,658 $ 203,743 $ 55,816 Depreciation and amortization: Golf Equipment $ 19,212 $ 16,847 $ 11,165 Apparel, Gear and Other 20,296 18,104 8,783 $ 39,508 $ 34,951 $ 19,948 (1) Reconciling items represent corporate general and administration expenses and other income (expenses) not utilized by management in determining segment profitability. The $156,698,000 increase in reconciling items in 2020 compared to 2019 includes the recognition of a $174,300,000 impairment of the Jack Wolfskin goodwill and trade name in 2020 (see Note 9), and an $8,100,000 increase in interest expense. These increases were partially offset by a $23,400,000 increase in other income primarily due to foreign currency and hedging contract gains, combined with $10,928,000 of amortization expense recognized in 2019 related to the inventory valuation step-up from the Jack Wolfskin acquisition (see Note 6). The increase in reconciling items in 2019 compared to 2018 includes incremental corporate general and administrative expenses associated with the addition of the Jack Wolfskin business in January 2019, in addition to $34,084,000 in non-recurring transition costs associated with the acquisition of Jack Wolfskin combined with amortization charges of intangible assets related to the Company's OGIO and TravisMathew acquisitions as well as the amortization of intangible assets and the cost impact associated with a change in valuation of inventory (inventory step-up) related to the Company's Jack Wolfskin acquisition. Reconciling items in 2019 also include incremental interest expense of $31,707,000 related to the Term Loan Facility used for the Jack Wolfskin acquisition, as well as $3,896,000 of net foreign currency exchange losses associated with the Jack Wolfskin acquisition. In 2018, reconciling items include $7,261,000 of net foreign currency exchange gains, and $3,661,000 of transaction costs associated with the Jack Wolfskin acquisition that was completed in January 2019. (2) Identifiable assets are comprised of inventory, certain property, plant and equipment, intangible assets and goodwill. Reconciling items represent unallocated corporate assets not segregated between the two segments including cash and cash equivalents, net accounts receivable, and deferred tax assets. The $232,163,000 increase in reconciling items in 2020 compared to 2019 was primarily due to increases of $259,453,000 in cash and cash equivalents and $21,308,000 related to the additional investment in Topgolf in the third quarter of 2020, partially offset by a $14,213,000 decrease in net deferred tax assets, and a $13,407,000 decrease in prepaid assets. The $166,714,000 increase in reconciling items in 2019 compared to 2018 was primarily due to increases of $42,685,000 in cash and cash equivalents, $69,081,000 in net accounts receivable and a $17,897,000 increase related to the additional investment in Topgolf in the fourth quarter of 2019. (3) Additions to long-lived assets are comprised of purchases of property, plant and equipment.
Net Sales By Product Category
Revenues and Long Lived Assets	Long-lived assets are based on location of domicile. Sales Long-Lived Assets (1) (In thousands) 2020 United States $ 778,600 $ 498,182 Europe 372,957 286,450 Japan 212,055 11,091 Rest of World 225,848 17,739 $ 1,589,460 $ 813,462 2019 United States $ 788,232 $ 466,957 Europe 428,628 444,468 Japan 246,260 10,347 Rest of World 237,943 15,380 $ 1,701,063 $ 937,152 2018 United States $ 708,467 $ 422,803 Europe 149,602 6,855 Japan 223,707 8,723 Rest of World 161,058 14,578 $ 1,242,834 $ 452,959 (1) Long-lived assets include all non-current assets of the Company except deferred tax assets and operating lease right-of-use assets. Geographic information of property, plant and equipment, net is as follows: Years Ended December 31, 2020 2019 2018 (In thousands) United States $ 116,459 $ 103,111 $ 75,320 Europe 17,078 19,148 2,562 Japan 6,028 5,655 5,489 Rest of World 6,930 4,846 5,101 $ 146,495 $ 132,760 $ 88,472

Summarized Quarterly Data (Un_2

Summarized Quarterly Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]
Summarized Quarterly Data	Fiscal Year 2020 Quarters 1st 2nd 3rd 4th Total (In thousands, except per share data) Net sales $ 442,276 $ 296,996 $ 475,559 $ 374,629 $ 1,589,460 Gross profit $ 195,674 $ 122,055 $ 200,733 $ 139,123 $ 657,585 Net income (loss) attributable to Callaway Golf Company $ 28,894 $ (167,684) $ 52,432 $ (40,576) $ (126,934) Earnings (loss) per common share (1) Basic $ 0.31 $ (1.78) $ 0.56 $ (0.43) $ (1.35) Diluted $ 0.30 $ (1.78) $ 0.54 $ (0.43) $ (1.35) Fiscal Year 2019 Quarters 1st 2nd 3rd 4th Total (In thousands, except per share data) Net sales $ 516,197 $ 446,708 $ 426,217 $ 311,941 $ 1,701,063 Gross profit $ 238,433 $ 206,817 $ 191,389 $ 130,148 $ 766,787 Net income (loss) $ 48,501 $ 28,898 $ 31,048 $ (29,218) $ 79,229 Less: Net loss attributable to non-controlling interests $ (146) $ (33) $ — $ — $ (179) Net income (loss) attributable to Callaway Golf Company $ 48,647 $ 28,931 $ 31,048 $ (29,218) $ 79,408 Earnings (loss) per common share (1) Basic $ 0.51 $ 0.31 $ 0.33 $ (0.31) $ 0.84 Diluted $ 0.50 $ 0.30 $ 0.32 $ (0.31) $ 0.82 (1) Earnings per share is computed individually for each of the quarters presented; therefore, the sum of the quarterly earnings per share may not necessarily equal the total for the year.

The Company - Additional Inform

The Company - Additional Information (Details)	12 Months Ended
	Dec. 31, 2020segment	Oct. 27, 2020
Segment Reporting Information [Line Items]
Number of countries in which company operates (more than)	120
Number of reportable segments	2
Former Topgolf Stakeholders
Segment Reporting Information [Line Items]
Ownership percentage by noncontrolling owners		48.50%
Golf Equipment | Operating Segments
Segment Reporting Information [Line Items]
Percent of sales by operating segment	62.00%
Apparel, Gear and Other | Operating Segments
Segment Reporting Information [Line Items]
Percent of sales by operating segment	38.00%

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2020USD ($)segment	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Significant Accounting Policies [Line Items]
Standard product warranty term	2 years
ROU assets, net	$ 194,776,000	$ 160,098,000
Operating lease liability	207,575,000
Advertising expenses	83,361,000	93,331,000	$ 72,164,000
Research and development expenses	46,300,000	50,579,000	40,752,000
Foreign currency transaction gain (loss), net	9,024,000	(5,838,000)	(2,824,000)
Retained earnings	$ 360,228,000	489,382,000
Number of operating segments | segment	2
Equity adjustment from foreign currency translation	$ 25,690,000	(4,751,000)	(7,672,000)
Cumulative Effect on Retained Earnings, Net of Tax	289,000	0	0
Retained Earnings
Significant Accounting Policies [Line Items]
Cumulative Effect on Retained Earnings, Net of Tax	(289,000)		(11,185,000)
Accumulated Other Comprehensive Income (Loss)
Significant Accounting Policies [Line Items]
Equity adjustment from foreign currency translation	25,690,000	$ (4,412,000)	$ (7,969,000)
Accounting Standards Update 2016-13
Significant Accounting Policies [Line Items]
Cumulative Effect on Retained Earnings, Net of Tax	$ 289,000

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Reconciliation of Reserve for Warranty Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Standard product warranty term	2 years
Movement in Standard and Extended Product Warranty Accrual, Increase (Decrease) [Roll Forward]
Beginning balance	$ 9,636	$ 7,610	$ 6,657
Provision	7,926	8,311	9,437
Provision liability assumed from acquisition	0	2,208	0
Claims paid/costs incurred	(8,198)	(8,493)	(8,484)
Ending balance	$ 9,364	$ 9,636	$ 7,610

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Reconciliation of Allowance for Doubtful Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 13,244
Provision for credit losses	$ 2,924	$ 1,107	$ 2,257

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Estimated Useful Lives (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Depreciation	$ 34,388	$ 30,085	$ 18,882
Buildings and improvements | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years
Buildings and improvements | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	30 years
Machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years
Furniture, computers and equipment | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Furniture, computers and equipment | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Internal-use software | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Internal-use software | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Production molds | Minimum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	2 years
Production molds | Maximum
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Goodwill and Intangible Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Goodwill and intangible asset impairment	$ 174,269,000	$ 0	$ 0

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Share-based Compensation (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2018	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost recognition period	3 years
Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award requisite service period	3 years	1 year
Shares awarded as a percentage of granted	100.00%		200.00%
Performance Share Units with Total Shareholder Return Conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Performance Restricted Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award requisite service period	3 years
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Expiration period	10 years
Minimum | Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award requisite service period	1 year
Shares awarded as a percentage of granted	0.00%
Target award shares percent	50.00%
Minimum | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Maximum | Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award requisite service period	3 years
Shares awarded as a percentage of granted	200.00%
Target award shares percent	80.00%
Maximum | Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	5 years

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Other Income (Expense) Net (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency forward contract gain, net		$ 2,910,000	$ 6,947,000	$ 10,085,000
Foreign currency transaction gain (loss), net		9,024,000	(5,838,000)	(2,824,000)
Other		1,989,000	485,000	518,000
Other income, net		24,969,000	1,594,000	7,779,000
Other income (expense)
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency forward contract gain, net		2,156,000	4,176,000	9,705,000
Currency Swap
Derivative Instruments, Gain (Loss) [Line Items]
Settlement of cross-currency swap contract		18,510,000	11,212,000
Currency Swap | Other income (expense)
Derivative Instruments, Gain (Loss) [Line Items]
Settlement of cross-currency swap contract	$ 11,046,000	$ 11,046,000	$ 0	$ 0

Summary of Significant Accou_10

Summary of Significant Accounting Policies - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency translation adjustments	$ 25,690,000	$ (4,751,000)	$ (7,672,000)
Foreign currency transaction gain (loss), net	9,024,000	(5,838,000)	(2,824,000)
Foreign currency translation adjustments	25,690,000	(4,412,000)	282,000
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax	2,956,000	2,811,000	389,000
Income tax provision on derivative instruments	2,916,000	1,275,000
Less: Comprehensive income attributable to non-controlling interest	0	339,000	(297,000)
Accumulated other comprehensive loss	(6,546,000)	(22,422,000)	(13,700,000)	$ (6,166,000)
Change in fair value of derivative instruments, net of tax	(9,814,000)	(4,310,000)	435,000
Foreign Exchange Forward | Cost of Goods Sold
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency translation adjustments	380,000	398,000	236,000
Amounts reclassified from accumulated other comprehensive income to cost of goods sold	(1,028,000)	(1,165,000)	(236,000)
Foreign Exchange Forward | Other income (expense)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive income to cost of goods sold	(16,780,000)	(2,756,000)
Foreign Exchange Forward | Sales Revenue, Net
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive income to cost of goods sold			(7,969,000)
Foreign Exchange Forward | Interest Expense
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive income to cost of goods sold	2,122,000	(4,475,000)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency translation adjustments	25,690,000	(4,412,000)	(7,969,000)
Change in fair value of derivative instruments, net of tax	(9,814,000)	(4,310,000)	435,000
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(4,203,000)	107,000	(328,000)
Foreign currency translation adjustments	0	0	282,000
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax	2,956,000	2,811,000	389,000
Income tax provision on derivative instruments	2,916,000	1,275,000
Ending balance	(14,017,000)	(4,203,000)	107,000
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | Foreign Exchange Forward | Cost of Goods Sold
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive income to cost of goods sold	(1,028,000)	(1,165,000)	(236,000)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | Foreign Exchange Forward | Other income (expense)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive income to cost of goods sold	(16,780,000)	(2,756,000)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | Foreign Exchange Forward | Sales Revenue, Net
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive income to cost of goods sold			0
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member] | Foreign Exchange Forward | Interest Expense
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive income to cost of goods sold	2,122,000	(4,475,000)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(18,219,000)	(13,807,000)	(5,838,000)
Foreign currency translation adjustments	25,690,000	(4,412,000)	0
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax	0	0	0
Income tax provision on derivative instruments	0	0
Ending balance	7,471,000	(18,219,000)	(13,807,000)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | Foreign Exchange Forward | Cost of Goods Sold
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive income to cost of goods sold	0	0	0
Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | Foreign Exchange Forward | Other income (expense)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive income to cost of goods sold	0
Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | Foreign Exchange Forward | Sales Revenue, Net
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive income to cost of goods sold			$ (7,969,000)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member] | Foreign Exchange Forward | Interest Expense
Accumulated Other Comprehensive Income (Loss) [Line Items]
Amounts reclassified from accumulated other comprehensive income to cost of goods sold	$ 0

Summary of Significant Accou_11

Summary of Significant Accounting Policies - Concentration of Risk (Details) - customer	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Concentration Risk [Line Items]
Percentage of revenues	one customer represented 16% and 11%, respectively, of the Company’s outstanding accounts receivable balance.
Sales Revenue, Net | Customer Concentration Risk
Concentration Risk [Line Items]
Threshold used to determine number of major customers	10.00%	10.00%
Sales Revenue, Net | Customer Concentration Risk | Regions outside the U.S.
Concentration Risk [Line Items]
Concentration risk percentage	51.00%	54.00%	43.00%
Sales Revenue, Net | Customer Concentration Risk | Top Five Customers Worldwide
Concentration Risk [Line Items]
Concentration risk percentage	20.00%	18.00%	22.00%
Accounts Receivable | Credit Concentration Risk
Concentration Risk [Line Items]
Threshold used to determine number of major customers	16.00%	11.00%
Accounts Receivable | Credit Concentration Risk | Customers With Accounts Receivable Greater Than Nine Percent Of Outstanding Receivables [Member]
Concentration Risk [Line Items]
Number of major customers	1	1
Golf Clubs | Sales Revenue, Net | Customer Concentration Risk | Top Five Customers Worldwide
Concentration Risk [Line Items]
Concentration risk percentage	25.00%	23.00%	24.00%
Gear, Accessories and Other | Sales Revenue, Net | Customer Concentration Risk | Top Five Customers Worldwide
Concentration Risk [Line Items]
Concentration risk percentage	12.00%	11.00%	19.00%

Summary of Significant Accou_12

Summary of Significant Accounting Policies Revenue, Initial Application Period Cumulative Effect Transition (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Net sales	$ 374,629	$ 475,559	$ 296,996	$ 442,276	$ 311,941	$ 426,217	$ 446,708	$ 516,197	$ 1,589,460	$ 1,701,063	$ 1,242,834
Accounts receivable, net	138,482				140,455				138,482	140,455
Other current assets	54,853				75,671				54,853	75,671
Income taxes payable	5,908				12,104				5,908	12,104
Retained Earnings (Accumulated Deficit)	(360,228)				(489,382)				(360,228)	(489,382)
Income tax (benefit) provision									(544)	16,540	26,018
Net Income (Loss) Attributable to Parent	$ (40,576)	$ 52,432	$ (167,684)	$ 28,894	$ (29,218)	$ 31,048	$ 28,931	$ 48,647	$ (126,934)	$ 79,408	$ 104,740

Summary of Significant Accou_13

Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Advertising expenses	$ 83,361	$ 93,331	$ 72,164

Leases - Additional Information

Leases - Additional Information (Details) - COVID-19 $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)
Lessee, Lease, Description [Line Items]
Rent Concession Payable	$ 687
Rent Abatement	$ 1,435

Leases - Supplemental Balance S

Leases - Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Operating leases
ROU assets, net	$ 194,776	$ 160,098
Lease liabilities, short-term	29,579	26,418
Lease liabilities, long-term	177,996	137,696
Finance Leases
ROU assets, net,	1,003	1,263
Lease liabilities, short-term	252	589
Lease liabilities, long-term	$ 447	$ 558

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease costs	$ 42,520	$ 38,449
Financing lease costs:
Amortization of right-of-use assets	870	845
Interest on lease liabilities	47	83
Total financing lease costs	917	928
Variable lease costs	2,473	4,361
Total lease costs	$ 45,910	$ 43,738

Leases - Other Information Rela

Leases - Other Information Related to Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Leases [Abstract]
Operating cash flows - operating leases	$ 39,774	$ 38,926
Operating cash flows from finance leases	47	83
Financing cash flows from finance leases	792	706	$ 0
Lease liabilities arising from new ROU assets, Operating leases	65,547	18,026
Lease liabilities arising from new ROU assets, Finance leases	$ 139	$ 308
Weighted Average remaining lease term, Operating leases	9 years 9 months 18 days	10 years 4 months 24 days
Weighted Average remaining lease term, Finance leases	3 years	2 years 9 months 18 days
Weighted Average Discount Rate, Operating leases	5.30%	5.70%
Weighted Average Discount Rate, Finance leases	3.90%	4.20%

Leases - Future Minimum Lease O

Leases - Future Minimum Lease Obligations (Details) $ in Thousands	Dec. 31, 2020USD ($)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2020	$ 40,212
2021	34,548
2022	30,211
2023	26,028
2024	22,855
Thereafter	115,052
Total future lease payments	268,906
Less: imputed interest	61,331
Total	207,575
Finance Lease, Liability, Payment, Due [Abstract]
2020	282
2021	240
2022	129
2023	49
2024	26
Thereafter	8
Total future lease payments	734
Less: imputed interest	35
Total	$ 699

Revenue Recognition Disaggregat

Revenue Recognition Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Net sales	$ 374,629	$ 475,559	$ 296,996	$ 442,276	$ 311,941	$ 426,217	$ 446,708	$ 516,197	$ 1,589,460	$ 1,701,063	$ 1,242,834
Golf Equipment
Disaggregation of Revenue [Line Items]
Net sales									982,675	979,173
Apparel, Gear and Other
Disaggregation of Revenue [Line Items]
Net sales									606,785	721,890
Golf Clubs
Disaggregation of Revenue [Line Items]
Net sales									787,072	768,310
Golf Clubs | Golf Equipment
Disaggregation of Revenue [Line Items]
Net sales									787,072	768,310
Golf Clubs | Apparel, Gear and Other
Disaggregation of Revenue [Line Items]
Net sales									0	0
Golf Balls
Disaggregation of Revenue [Line Items]
Net sales									195,603	210,863
Golf Balls | Golf Equipment
Disaggregation of Revenue [Line Items]
Net sales									195,603	210,863
Golf Balls | Apparel, Gear and Other
Disaggregation of Revenue [Line Items]
Net sales									0	0
Apparel
Disaggregation of Revenue [Line Items]
Net sales									349,272	410,712
Apparel | Golf Equipment
Disaggregation of Revenue [Line Items]
Net sales									0	0
Apparel | Apparel, Gear and Other
Disaggregation of Revenue [Line Items]
Net sales									349,272	410,712
Gear, Accessories and Other
Disaggregation of Revenue [Line Items]
Net sales									257,513	311,178
Gear, Accessories and Other | Golf Equipment
Disaggregation of Revenue [Line Items]
Net sales									0	0
Gear, Accessories and Other | Apparel, Gear and Other
Disaggregation of Revenue [Line Items]
Net sales									257,513	311,178
Royalty
Disaggregation of Revenue [Line Items]
Net sales									$ 21,838	$ 22,455	$ 19,021

Revenue Recognition Contracts w

Revenue Recognition Contracts with Customers (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Revenue from gift cards, recognized in period	$ 2,840	$ 3,031
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning balance	29,043	24,522	$ 15,470
Provision for credit losses	106,178	95,094	52,088
Write-off of uncollectible amounts, net of recoveries	(91,235)	(90,573)	(43,036)
Ending balance	43,986	29,043	$ 24,522
Unredeemed Gift Cards
Revenue Recognition, Multiple-deliverable Arrangements [Line Items]
Deferred Revenue from Gift Cards	$ 2,546	$ 2,190

Estimated Credit Losses (Detail

Estimated Credit Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 5,992	$ 5,610	$ 4,447
Adjustment due to the adoption of Topic 326	289	0	0
Provision for credit losses	2,924	1,107	2,257
Write-off of uncollectible amounts, net of recoveries	(364)	(725)	(1,094)
Ending Balance	$ 8,841	$ 5,992	$ 5,610

Business Combinations Business

Business Combinations Business Combinations - Additional Information (Details) $ / shares in Units, shares in Millions	Oct. 27, 2020USD ($)$ / sharesshares	Jan. 31, 2019EUR (€)	Jan. 31, 2019USD ($)	Jun. 30, 2020USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Sep. 30, 2019USD ($)	Jan. 04, 2019EUR (€)	Jan. 04, 2019USD ($)
Business Acquisition [Line Items]
Goodwill						$ 56,658,000	$ 203,743,000	$ 55,816,000
Goodwill, impairment loss				$ 148,375,000		148,375,000
Impairment of intangible assets (excluding goodwill)						0	0	0
Deferred tax liability resulting from acquisition						77,079,000
Valuation allowance on deferred tax liability						$ 8,281,000
Percentage of ownership interest in TopGolf International, Inc.						14.30%
Percentage of common stock	20.00%
Jack Wolfskin
Business Acquisition [Line Items]
Consideration transferred		€ 457,394,000	$ 521,201,000
Cash acquired										€ 50,984,000	$ 58,096,000
Goodwill							150,180,000		$ 150,180,000		$ 150,180,000
Business acquisition, transaction costs							9,987,000
Realized foreign currency transaction gain (loss)					$ 3,215,000
Jack Wolfskin | Franchisee & Distributor Relationships
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life						10 years
Jack Wolfskin | General and Administrative Expense
Business Acquisition [Line Items]
Business combination, acquisition related costs							$ 6,326,000	$ 3,661,000
Jack Wolfskin | Royalty Savings Income Approach Method | Measurement Input, Royalty Rate
Business Acquisition [Line Items]
Business combination, assumed indefinite-lived intangible assets, measurement input										0.050	0.050
Jack Wolfskin | Royalty Savings Income Approach Method | Measurement Input, Discount Rate
Business Acquisition [Line Items]
Business combination, assumed indefinite-lived intangible assets, measurement input										0.100	0.100
Topgolf International, Inc
Business Acquisition [Line Items]
Business acquisition, equity interest issued or issuable, number of shares (in share) | shares	90
Business acquisition, equity interest issued or issuable, value assigned	$ 1,986,000,000
Business acquisition, equity interest issued or issuable excluding company, value assigned	$ 1,745,000,000
Business acquisition, share price (in dollars per share) | $ / shares	$ 19.40
Gain (loss) on contract termination	$ 75,000,000
Former Topgolf Stakeholders
Business Acquisition [Line Items]
Ownership percentage by noncontrolling owners	48.50%
Former Topgolf Stakeholders | Term Loan B Facility | Secured Debt
Business Acquisition [Line Items]
Debt instrument, face amount			$ 480,000,000
Trade name, trademark and trade dress and other
Business Acquisition [Line Items]
Impairment of intangible assets (excluding goodwill)						$ 25,894,000

Business Combinations - Summary

Business Combinations - Summary of Fair Values of the Assets Acquired and Liabilities Assumed (Details) € in Thousands	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)	Jan. 04, 2019EUR (€)	Jan. 04, 2019USD ($)	Dec. 31, 2018USD ($)
Business Acquisition [Line Items]
Goodwill	$ 56,658,000	$ 203,743,000				$ 55,816,000
Jack Wolfskin
Business Acquisition [Line Items]
Cash				€ 50,984	$ 58,096,000
Accounts receivable					26,637,000
Inventories					94,504,000
Income tax receivable					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	$ 150,180,000		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
Franchisee & Distributor Relationships | Jack Wolfskin
Business Acquisition [Line Items]
Intangibles - retail partners & distributor relationships					38,743,000
Trade Names [Member] | Jack Wolfskin
Business Acquisition [Line Items]
Intangibles - trade name					$ 239,295,000

Financing Arrangements - Primar

Financing Arrangements - Primary Asset Based Revolving Credit Facility (Details)	12 Months Ended
	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Sep. 30, 2018USD ($)
Debt Instrument [Line Items]
Asset-based credit facilities	$ 22,130,000	$ 144,580,000
Cash and cash equivalents	366,119,000	106,666,000	$ 106,666,000
Asset-based credit facility, maximum borrowing capacity	400,000,000
Available liquidity	$ 632,233,000	303,300,000
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
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
CARES Act
Debt Instrument [Line Items]
Asset-based credit facility, maximum borrowing capacity	50,000,000
Bank of America, N.A.
Debt Instrument [Line Items]
Asset-based credit facilities	22,130,000
Amount outstanding under letters of credit	364,000		$ 1,075,000
Average outstanding borrowing	107,802,000
Average available liquidity	$ 227,625,000
Debt covenant, fixed charge coverage ratio	1
Period fixed charge cover ratio must be in compliance if borrowing base falls below threshold	30 days
Fixed Charge Coverage Ratio Covenant Reference Borrowing Capacity, Percent	10.00%
Debt instrument fixed charge coverage	$ 40,000,000
Asset-based credit facility, monthly fees	0.25%
Asset-based credit facility, origination fees	$ 3,915,000
Unamortized origination fees	1,891,000	2,115,000
Asset-based credit facility, origination fees included in other current assets	1,031,000	746,000
Asset-based credit facility, origination fees included in other long-term assets	$ 859,000	$ 1,369,000
Bank of America, N.A. | Minimum
Debt Instrument [Line Items]
Asset-based credit facility, interest rate	3.68%
Bank of America, N.A. | Maximum
Debt Instrument [Line Items]
Asset-based credit facility, interest rate	3.00%

Financing Arrangements - Japan

Financing Arrangements - Japan ABL Facilities (Details)	12 Months Ended
	Dec. 31, 2020USD ($)	Dec. 31, 2020JPY (¥)	Dec. 31, 2019USD ($)
Line of Credit Facility [Line Items]
Asset-based credit facility, maximum borrowing capacity	$ 400,000,000
Asset-based credit facilities	$ 22,130,000		$ 144,580,000
The Bank Of Tokyo-Mitsubishi UFJ | Japan Credit Facility 1
Line of Credit Facility [Line Items]
Debt instrument term	3 years
Asset-based credit facility, maximum borrowing capacity	$ 38,716,000	¥ 4,000,000,000
Asset-based credit facilities | ¥		¥ 0
Asset-based credit facility, interest rate	0.87%	0.87%
The Bank Of Tokyo-Mitsubishi UFG Ltd | Japan Credit Facility 2
Line of Credit Facility [Line Items]
Debt instrument term	1 year
Asset-based credit facility, maximum borrowing capacity | ¥		¥ 2,000,000,000
Asset-based credit facilities	$ 19,358,000
Tokyo Interbank Offered Rate (TIBOR) | The Bank Of Tokyo-Mitsubishi UFJ | Japan Credit Facility 1
Line of Credit Facility [Line Items]
Basis spread on variable rate on debt	0.80%

Financing Arrangements - Equipm

Financing Arrangements - Equipment Notes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Current portion of long-term debt	$ 14,599,000	$ 7,317,000
Long-term debt, excluding current maturities	650,564,000	443,259,000
Secured Debt | 2020 Equipment Note
Debt Instrument [Line Items]
Interest expense, debt	$ 880,000	463,000
Secured Debt | 2020 Equipment Note | Minimum
Debt Instrument [Line Items]
Asset-based credit facility, interest rate	2.36%
Secured Debt | 2020 Equipment Note | Maximum
Debt Instrument [Line Items]
Asset-based credit facility, interest rate	3.79%
Secured Debt | 2017 Equipment Note
Debt Instrument [Line Items]
Long-term debt outstanding	$ 31,822,000	19,715,000
Current portion of long-term debt	8,761,000	5,107,000
Long-term debt, excluding current maturities	$ 23,061,000	$ 14,608,000

Financing Arrangements - Term L

Financing Arrangements - Term Loan B Facility (Details)	1 Months Ended	12 Months Ended
	Jan. 31, 2019USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
Current portion of long-term debt		$ 14,599,000	$ 7,317,000
Debt issuance costs, net		8,527,000
Long-term Debt, Gross		$ 754,362,000
Secured Debt | Term Loan Facility
Debt Instrument [Line Items]
Debt issuance costs, gross	$ 9,600,000
Long term debt, maximum additional loan commitments, amount	225,000,000
Line of credit facility covenant terms, first lien net leverage ratio for unlimited commitment		2.25
Long-term debt outstanding		$ 441,600,000	446,400,000
Current portion of long-term debt		4,800,000
Debt issuance costs, net		13,450,000
Interest expense, debt		25,622,000	$ 31,707,000
Debt instrument, periodic payment, principal	1,200,000
Long-term Debt, Gross	$ 480,000,000
Secured Debt | Term Loan Facility, Short-Term Portion
Debt Instrument [Line Items]
Debt issuance costs, net		2,861,000
Secured Debt | Term Loan Facility, Long-Term Portion
Debt Instrument [Line Items]
Debt issuance costs, net		$ 10,589,000
Secured Debt | Term Loan B Facility
Debt Instrument [Line Items]
Asset-based credit facility, interest rate		6.65%
Secured Debt | Term Loan B Facility | London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate on debt		4.50%
Secured Debt | Term Loan B Facility | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate on debt		3.50%

Financing Arrangements - Japa_2

Financing Arrangements - Japan Term Loan Facility (Details)	1 Months Ended	3 Months Ended		12 Months Ended
	Aug. 31, 2020USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2020JPY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2020JPY (¥)	Dec. 31, 2020JPY (¥)	Aug. 31, 2020JPY (¥)	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
Current portion of long-term debt		$ 14,599,000		$ 14,599,000				$ 7,317,000
Secured Debt | Japan Term Loan Facility
Debt Instrument [Line Items]
Debt instrument, face amount	$ 19,358,000	18,390,000		18,390,000		¥ 1,900,000,000	¥ 2,000,000,000
Current portion of long-term debt		3,872,000		3,872,000		¥ 400,000,000
Interest expense, debt		$ 60,000	¥ 6,226,000
Debt instrument, periodic payment, principal				$ 968,000	¥ 100,000,000
Debt instrument term	5 years
Asset-based credit facility, interest rate		0.91%		0.91%		0.91%
Secured Debt | Japan Term Loan Facility | Tokyo Interbank Offered Rate (TIBOR)
Debt Instrument [Line Items]
Basis spread on variable rate on debt				0.80%	0.80%

Financing Arrangements - Conver

Financing Arrangements - Convertible Senior Notes (Details)	1 Months Ended	12 Months Ended
	May 31, 2020USD ($)	Dec. 31, 2020USD ($)$ / shares	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	May 04, 2020USD ($)$ / shares
Debt Instrument [Line Items]
Debt issuance costs, net		$ 8,527,000
Debt instrument, payment for capped call transactions	$ 31,775,000
Debt instrument, convertible, conversion ratio		0.0567698
Debt instrument, capped call transaction cap price (in dollars per share) | $ / shares					$ 27.10
Amortization of debt issuance costs		$ 4,200,000	$ 3,262,000	$ 0
Debt discount amortization		6,331,000	$ 0	$ 0
Convertible Senior Notes, Liability Component
Debt Instrument [Line Items]
Debt issuance costs, net		6,006,000
Convertible Senior Notes, Equity Component
Debt Instrument [Line Items]
Debt issuance costs, net		2,521,000
Convertible Senior Notes
Debt Instrument [Line Items]
Debt instrument, face amount					$ 258,750,000
Debt instrument, interest rate, stated percentage					2.75%
Interest expense, debt		11,574,000
Long-term debt outstanding		183,126,000			$ 182,242,000
Unamortized debt issuance expense		5,504,000
Debt instrument, unamortized discount		$ 70,120,000
Debt instrument, convertible, remaining discount amortization period		5 years 3 months 18 days
Debt instrument, convertible, beneficial conversion feature		$ 76,508,000
Debt instrument, convertible, conversion price (in dollars per share) | $ / shares		$ 17.62
Debt instrument, convertible, conversion ratio		56.7698
Debt instrument, average market price per share (in dollars per share) | $ / shares		$ 18.91
Amortization of debt issuance costs		$ 502,000
Debt discount amortization		$ 6,388,000

Financing Arrangements - Aggreg

Financing Arrangements - Aggregate Amount of Maturities for Debt (Details) $ in Thousands	Dec. 31, 2020USD ($)
Debt Disclosure [Abstract]
2021	$ 17,584
2022	17,468
2023	14,778
2024	13,396
2025	10,096
2026	681,040
Long-term Debt, Gross	$ 754,362

Earnings per Common Share - Add

Earnings per Common Share - Additional Information (Detail) - $ / shares	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Earnings Per Share Disclosure [Line Items]
Dilutive earnings (loss) per common share (in dollars per share)	$ (0.43)	$ 0.54	$ (1.78)	$ 0.30	$ (0.31)	$ 0.32	$ 0.30	$ 0.50	$ (1.35)	$ 0.82	$ 1.08
Antidilutive securities excluded from computation of earnings per share (in shares)									2,088,000
Stock Options
Earnings Per Share Disclosure [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)									0	0

Earnings per Common Share - Com

Earnings per Common Share - Computation of Basic and Diluted Loss Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Equity [Abstract]
Net income attributable to Callaway Golf Company	$ (40,576)	$ 52,432	$ (167,684)	$ 28,894	$ (29,218)	$ 31,048	$ 28,931	$ 48,647	$ (126,934)	$ 79,408	$ 104,740
Weighted-average common shares outstanding—basic (in shares)									94,201	94,251	94,579
Basic earnings per common share (in dollars per share)	$ (0.43)	$ 0.56	$ (1.78)	$ 0.31	$ (0.31)	$ 0.33	$ 0.31	$ 0.51	$ (1.35)	$ 0.84	$ 1.11
Options and restricted stock (in shares)									0	2,036	2,574
Weighted-average common shares outstanding—diluted (in shares)									94,201	96,287	97,153
Dilutive earnings (loss) per common share (in dollars per share)	$ (0.43)	$ 0.54	$ (1.78)	$ 0.30	$ (0.31)	$ 0.32	$ 0.30	$ 0.50	$ (1.35)	$ 0.82	$ 1.08

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Additional Information (Detail)	1 Months Ended	12 Months Ended
	Jan. 31, 2019USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Sep. 30, 2020	Sep. 30, 2019USD ($)	Jan. 04, 2019USD ($)
Business Acquisition [Line Items]
Goodwill		$ 56,658,000	$ 203,743,000	$ 55,816,000
Goodwill, period increase (decrease)		(147,085,000)	147,927,000
Decrease in goodwill offset amount due to foreign currency fluctuations		(1,290,000)	(146,000)
Aggregate amortization expense on intangible assets		5,120,000	4,866,000	1,066,000
Impairment of intangible assets (excluding goodwill)		0	0	$ 0
Intangible assets, net		484,339,000	493,423,000
Finite-Lived Intangible Assets, Translation and Purchase Accounting Adjustments		18,860,000
Indefinite-lived Intangible Assets, Translation and Purchase Accounting Adjustments		$ 3,069,000
Minimum | Measurement Input, Cost Of Capital | Valuation, Market Approach And Income Approach
Business Acquisition [Line Items]
Goodwill, Measurement Input					0.090
Maximum | Measurement Input, Cost Of Capital | Valuation, Market Approach And Income Approach
Business Acquisition [Line Items]
Goodwill, Measurement Input					0.0925
Jack Wolfskin
Business Acquisition [Line Items]
Goodwill			$ 150,180,000			$ 150,180,000	$ 150,180,000
Goodwill, period increase (decrease)	$ 147,781,000

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Intangible Assets by Major Asset Class (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Intangible Assets by Major Class [Line Items]
Gross	$ 535,693	$ 539,322
Accumulated amortization	51,354	45,899
Net book value	484,339	493,423
Trade name, trademark and trade dress and other
Intangible Assets by Major Class [Line Items]
Gross	446,803	453,837
Net book value	446,803	453,837
Patents
Intangible Assets by Major Class [Line Items]
Gross	31,581	31,581
Accumulated amortization	31,581	31,581
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
Developed technology and other
Intangible Assets by Major Class [Line Items]
Gross	$ 57,309	53,904
Accumulated amortization	19,773	14,318
Net book value	$ 37,536	$ 39,586
Developed technology and other | Minimum
Intangible Assets by Major Class [Line Items]
Useful Life (years)	1 year
Developed technology and other | Maximum
Intangible Assets by Major Class [Line Items]
Useful Life (years)	9 years

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Amortization Expense Related to Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
2018		$ 4,780
2019		4,724
2020		4,548
2021		4,409
2022		4,409
Thereafter		14,666
Total		37,536
Goodwill, impairment loss	$ 148,375	$ 148,375

Investments - Additional Inform

Investments - Additional Information (Detail) - USD ($)	Oct. 27, 2020	Sep. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	May 31, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Percentage of ownership interest in TopGolf International, Inc.			14.30%
Payments to acquire investments		$ 14,638,000
Payments to acquire equity securities without readily determinable fair value			$ 19,999,000	$ 17,897,000	$ 1,743,000
Investment in golf-related venture			111,442,000	90,134,000
Date of merger agreement	Oct. 27, 2020
Topgolf International, Inc
Accounts, Notes, Loans and Financing Receivable [Line Items]
Payments to acquire equity securities without readily determinable fair value			21,308,000	$ 17,897,000	$ 1,743,000
Notes Receivable
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, before allowance for credit loss, noncurrent			$ 6,670,000			$ 6,542,000
Notes Receivable | Minimum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, before allowance for credit loss, discount rate						20.00%
Financing receivable, before allowance for credit loss, interest rate						5.75%
Notes Receivable | Maximum
Accounts, Notes, Loans and Financing Receivable [Line Items]
Financing receivable, before allowance for credit loss, interest rate						5.87%

Joint Venture - Additional Info

Joint Venture - Additional Information (Detail) $ in Thousands, ¥ in Billions	3 Months Ended				12 Months Ended
	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2020JPY (¥)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Jul. 01, 2016USD ($)
Noncontrolling Interest [Line Items]
Net income attributable to noncontrolling interests	$ 0	$ 0	$ (33)	$ (146)	$ 0		$ (179)	$ 514
Distributions to non-controlling interest					0		$ 0	$ 821
Callaway Apparel K.K.
Noncontrolling Interest [Line Items]
Payments to Acquire Interest in Joint Venture					$ 18,538	¥ 2
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
Callaway Apparel K.K.
Noncontrolling Interest [Line Items]
Ownership percentage by parent									52.00%
Ownership percentage by noncontrolling owners									48.00%

Selected Financial Statement _3

Selected Financial Statement Information - Additional Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Accounts receivable, net:
Trade accounts receivable	$ 225,459	$ 203,078
Allowance for sales returns	(43,986)	(29,043)	$ (24,522)	$ (15,470)
Accrued variable consideration for sales program incentives	(26,187)	(20,336)
Allowance for doubtful accounts	(16,804)	(13,244)
Accounts receivable, net	138,482	140,455
Inventories:
Raw materials	69,932	76,140
Work-in-process	1,010	860
Finished goods	281,602	379,639
Inventory	352,544	456,639
Property, plant and equipment, net:
Land	7,308	7,229
Buildings and improvements	100,653	80,856
Machinery and equipment	137,026	129,680
Furniture, computers and equipment	142,640	134,719
Production molds	6,809	5,820
Construction-in-process	13,299	37,244
Property, plant and equipment, gross	407,735	395,548
Accumulated depreciation	(261,240)	(262,788)
Property, plant and equipment, net	146,495	132,760	$ 88,472
Accounts payable and accrued expenses:
Accounts payable	66,282	67,843
Accrued expenses	165,333	196,308
Accrued goods in-transit	47,140	12,149
Accounts payable and accrued expenses	278,755	276,300
Accrued employee compensation and benefits:
Accrued payroll and taxes	17,009	34,303
Accrued vacation and sick pay	12,887	11,574
Accrued commissions	1,041	1,014
Accrued employee compensation and benefits	$ 30,937	$ 46,891

Income Taxes - Income (Loss) Be

Income Taxes - Income (Loss) Before Income Tax Provision (Benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
United States	$ 68,916	$ 55,352	$ 100,031
Foreign	(196,394)	40,417	31,241
(Loss) income before income taxes	$ (127,478)	$ 95,769	$ 131,272

Income Taxes - Expense (Benefit

Income Taxes - Expense (Benefit) for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Current tax provision:
Federal	$ 1,665	$ 1,022	$ 736
State	1,467	1,403	1,880
Foreign	5,385	9,933	6,577
Current tax provision (benefit)	8,517	12,358	9,193
Deferred Income Tax Expense (Benefit), Continuing Operations [Abstract]
Federal	8,579	10,185	14,844
State	5,166	335	1,086
Foreign	(22,806)	(6,338)	895
Deferred tax expense (benefit)	(9,061)	4,182	16,825
Income tax (benefit) provision	$ (544)	$ 16,540	$ 26,018

Income Taxes - Components of De

Income Taxes - Components of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Jan. 04, 2019
Deferred tax assets:
Reserves and allowances not currently deductible for tax purposes	$ 26,026	$ 22,926
Basis difference related to fixed assets	6,294	8,381
Compensation and benefits	4,968	7,580
Basis difference for inventory valuation	927	849
Compensatory stock options and rights	2,586	3,404
Operating loss carryforwards	19,889	9,080
Tax credit carryforwards	49,525	55,001
Deferred Tax Asset, Lease Liability	52,785	44,768
Interest expense carryforward	7,030	5,057
Basis difference related to intangible assets with a definite life	4,370	354
Other	7,992	2,790
Total deferred tax assets	182,392	160,190
Valuation allowance for deferred tax assets	(21,032)	(14,469)
Deferred tax assets, net of valuation allowance	161,360	145,721
Deferred tax liabilities:
Prepaid expenses	(1,323)	(1,685)
Convertible debt	(8,958)	0
Basis difference related to intangible assets with an indefinite life	(100,062)	(99,712)
Deferred Tax Liabilities, Leasing Arrangements	(49,910)	(43,859)
Total deferred tax liabilities	(160,253)	(145,256)
Net deferred tax assets	1,107	465
Net deferred tax assets are shown on the accompanying consolidated balance sheets as follows:
Non-current deferred tax assets	59,735	73,948
Non-current deferred tax liabilities	$ (58,628)	$ (73,483)
Jack Wolfskin
Schedule Of Income Tax [Line Items]
Deferred Tax Liabilities, Intangible Assets			$ 88,462
Deferred tax assets:
Other			$ 11,384

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) € in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Jan. 04, 2019USD ($)	Jan. 04, 2019EUR (€)	Dec. 31, 2017USD ($)
Schedule Of Income Tax [Line Items]
Change in net deferred taxes	$ 642,000
Deferred tax assets, valuation allowance	$ 21,032,000	$ 14,469,000
Tax credit carryforward beginning expiration year	Dec. 31, 2027
Liability for income taxes associated with uncertain tax positions	$ 28,302,000	25,993,000	$ 11,832,000			$ 9,300,000
Tax benefits associated with potential transfer pricing adjustments	471,000
Tax benefits associated with state income taxes and other timing adjustments	14,613,000
Net amount of unrecognized tax benefit related to uncertain tax positions that would impact, if recognized, effective income tax rate	13,218,000
Interest and penalties related to income tax matters	437,000	9,000	42,000
Income tax accrued for payment of interest and penalties	1,232,000	1,669,000
Undistributed earnings	132,514,000
Tax Cuts And Jobs Act of 2017, Incomplete Accounting, Change In Tax Rate, Deferred Tax Asset, Provisional Income Tax Expense (Benefit)	521,201,000
Accrued impact for jurisdictions not permanently reinvested	2,000,000
Other	7,992,000	2,790,000
Goodwill and intangible asset impairment	174,269,000	0	0
Goodwill and intangible asset impairment	174,269,000	$ 0	$ 0
U.S. federal
Schedule Of Income Tax [Line Items]
Tax credit carryforwards	41,020,000
California (U.S.)
Schedule Of Income Tax [Line Items]
Tax credit carryforwards	22,585,000
Deferred Tax Assets, Operating Loss Carryforwards, Subject to Expiration	3,600,000
U.S. Foreign Tax Credit | U.S. federal
Schedule Of Income Tax [Line Items]
Tax credit carryforwards	18,627,000
Jack Wolfskin
Schedule Of Income Tax [Line Items]
Cash				$ 58,096,000	€ 50,984
Deferred Tax Liabilities, Intangible Assets				88,462,000
Other				$ 11,384,000
Jack Wolfskin | Finite-Lived Intangible Assets
Schedule Of Income Tax [Line Items]
Deferred Tax Liability, Period Increase (Decrease)	7,900,000
Deferred Tax Liability, Period Increase (Decrease)	$ 7,900,000

Income Taxes - Expiry Dates of

Income Taxes - Expiry Dates of Federal and State Income Tax Credit Carryforwards (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)
U.S. federal
Tax Credit Carryforward [Line Items]
Tax credit carryforwards	$ 41,020
U.S. federal | U.S. Foreign Tax Credit
Tax Credit Carryforward [Line Items]
Tax credit carryforwards	$ 18,627
U.S. federal | U.S. Foreign Tax Credit | Minimum
Tax Credit Carryforward [Line Items]
Tax credit carryforwards, expiration year	2021
U.S. federal | U.S. Foreign Tax Credit | Maximum
Tax Credit Carryforward [Line Items]
Tax credit carryforwards, expiration year	2026
U.S. federal | U.S. research tax credit
Tax Credit Carryforward [Line Items]
Tax credit carryforwards	$ 22,368
U.S. federal | U.S. research tax credit | Minimum
Tax Credit Carryforward [Line Items]
Tax credit carryforwards, expiration year	2031
U.S. federal | U.S. research tax credit | Maximum
Tax Credit Carryforward [Line Items]
Tax credit carryforwards, expiration year	2036
U.S. federal | U.S. business tax credits
Tax Credit Carryforward [Line Items]
Tax credit carryforwards	$ 26
U.S. federal | U.S. business tax credits | Minimum
Tax Credit Carryforward [Line Items]
Tax credit carryforwards, expiration year	2031
U.S. federal | U.S. business tax credits | Maximum
Tax Credit Carryforward [Line Items]
Tax credit carryforwards, expiration year	2036
California (U.S.)
Tax Credit Carryforward [Line Items]
Tax credit carryforwards	$ 22,585
California (U.S.) | State investment tax credits
Tax Credit Carryforward [Line Items]
Tax credit carryforwards	1,650
California (U.S.) | State research tax credits
Tax Credit Carryforward [Line Items]
Tax credit carryforwards	$ 20,935

Income Taxes - Net Operating Lo

Income Taxes - Net Operating Losses Carryforwards Expire (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)
Operating Loss Carryforwards [Line Items]
U.S. loss carryforwards	$ 0
State loss carryforwards	$ 95,552
U.S. federal | Minimum
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, expiration year	2032
U.S. federal | Maximum
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, expiration year	2035
California (U.S.) | Minimum
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, expiration year	2017
California (U.S.) | Maximum
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, expiration year	2036

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Effective Tax Rate on Income or Loss and Statutory Tax Rate (Detail)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Statutory U.S. tax rate	21.00%	21.00%	21.00%
State income taxes, net of U.S. tax benefit	(4.10%)	1.60%	1.80%
Foreign income taxed at other than U.S. statutory rate	7.00%	(5.00%)	1.10%
Federal tax credits	2.80%	(3.50%)	(4.40%)
Goodwill impairment	(24.50%)	0.00%	0.00%
Other non-deductible expenses	(1.70%)	1.20%	0.70%
Non-deductible compensation	(0.70%)	1.50%	0.80%
Stock option compensation excess tax benefits	1.40%	(1.50%)	(1.00%)
Intra-entity asset transfers	0.00%	0.00%	0.80%
U.S. foreign tax inclusions	(0.40%)	0.10%	1.10%
Foreign derived intangible income deduction	1.10%	(3.20%)	(2.70%)
Impact of uncertain tax positions	(1.60%)	3.70%	0.80%
Enactment of the Tax Cuts and Jobs Act	0	0	0.003
Change in deferred tax valuation allowance	(0.70%)	0.20%	0.00%
Other	0.80%	1.20%	(0.50%)
Effective tax rate	0.40%	17.30%	19.80%

Income Taxes - Reconciliation_2

Income Taxes - Reconciliation of Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance at January 1	$ 25,993	$ 11,832	$ 9,300
Additions based on tax positions related to the current year	3,119	3,224	1,354
Additions for tax positions of prior years	474	593	1,624
Reductions for tax positions of prior years	(186)	(174)	(148)
Settlement of tax audits	0	(7)	0
Unrecognized Tax Benefits, Increase Resulting from Acquisition	0	11,006	0
Reductions due to lapsed statute of limitations	(1,098)	(481)	(298)
Balance at December 31	$ 28,302	$ 25,993	$ 11,832

Income Taxes - Major Jurisdicti

Income Taxes - Major Jurisdictions no Longer Subject to Income Tax Examinations by Tax Authorities (Detail)	12 Months Ended
	Dec. 31, 2020
U.S. federal
Income Tax Examination [Line Items]
Years No Longer Subject to Audit	2010 and prior
California (U.S.)
Income Tax Examination [Line Items]
Years No Longer Subject to Audit	2008 and prior
Germany
Income Tax Examination [Line Items]
Years No Longer Subject to Audit	2013 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	2016 and prior

Commitments & Contingencies - A

Commitments & Contingencies - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2020USD ($)
Long-term Purchase Commitment [Line Items]
Unconditional purchase obligations over next six years	$ 61,508,000
Minimum
Long-term Purchase Commitment [Line Items]
Unconditional purchase obligations	1 year
Maximum
Long-term Purchase Commitment [Line Items]
Unconditional purchase obligations	4 years

Commitments & Contingencies - F

Commitments & Contingencies - Future Purchase Commitments (Detail)	Dec. 31, 2020USD ($)
Commitments and Contingencies Disclosure [Abstract]
2020	$ 27,591,000
2021	22,324,000
2022	9,658,000
2023	1,572,000
2024	363,000
Unconditional purchase obligations over next six years	$ 61,508,000

Capital Stock - Additional Info

Capital Stock - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2020USD ($)Vote$ / sharesshares	Dec. 31, 2019USD ($)$ / sharesshares	Dec. 31, 2018USD ($)shares	Aug. 30, 2019USD ($)
Components Of Common Stock [Line Items]
Authorized capital, shares (in shares)	243,000,000
Common stock, par value (in dollars per share) | $ / shares	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	240,000,000	240,000,000
Preferred stock, shares authorized (in shares)	3,000,000	3,000,000
Common stock, voting rights description	The holders of common stock are entitled to one vote for each share of common stock on all matters submitted to a vote of the Company’s shareholders.
Common stock, votes per share | Vote	1
Acquisition of treasury stock | $	$ 22,213,000	$ 28,073,000	$ 22,456,000
2019 Repurchase Program
Components Of Common Stock [Line Items]
Stock repurchase program, authorized amount | $				$ 100,000,000
Stock repurchased, average cost per share (in dollars per share) | $ / shares	$ 17.36
Shares Paid for Tax Withholding for Share Based Compensation, Value | $	$ 10,183,000
Amount remaining under repurchase authorization | $	$ 77,369,000
Share-based Payment Arrangement, Shares Withheld for Tax Withholding Obligation	488,000
Treasury Stock
Components Of Common Stock [Line Items]
Acquisition of treasury stock (in shares)	1,181,000	1,690,000	1,412,000
Acquisition of treasury stock | $	$ 22,213,000	$ 28,073,000	$ 22,456,000
Treasury Stock | 2019 Repurchase Program
Components Of Common Stock [Line Items]
Acquisition of treasury stock (in shares)	693,000
Acquisition of treasury stock | $	$ 12,031,000
Seriesa Junior Participating Preferred
Components Of Common Stock [Line Items]
Preferred stock, shares authorized (in shares)	240,000
Preferred stock, voting rights description	each share of Series A Junior Participating Preferred Stock would entitle the holder thereof to 1,000 votes on all matters submitted to a vote of the shareholders of the Company
Preferred stock, votes per share | Vote	1,000

Share-Based Employee Compensa_3

Share-Based Employee Compensation - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2020USD ($)plan$ / sharesshares	Dec. 31, 2019USD ($)$ / sharesshares	Dec. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of plans | plan	2
Authorized (in shares) | shares	34,000,000
Accrued incremental dividend equivalent rights (in shares) | shares	3,064,000
Compensation expense related to stock options | $	$ 0	$ 14,000
Share based compensation, weighted average estimated forfeiture rate		1.70%
Number of shares granted (in shares) | shares	0	0	0
Total intrinsic value for options exercised | $	$ 566,000	$ 792,000	$ 2,621,000
Exercise of stock options | $	248,000	368,000	1,636,000
Compensation expense related to restricted stock | $	6,417,000	6,098,000	5,949,000
Stock compensation - expensed (reversed) | $	10,927,000	12,896,000	13,530,000
Granted, number of units | $	$ 2,513,000	$ 2,966,000	$ 3,112,000
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Accrued incremental dividend equivalent rights (in shares) | shares	3,000
Total unrecognized compensation expense related to non-vested shares granted | $	$ 6,968,000
Unrecognized compensation expense expected recognition period	1 year 6 months
Weighted average grant date fair value per share of PSUs granted (in dollars per unit) | $ / shares	$ 17.84	$ 15.63	$ 15.30
Number of units granted (in units) | shares	409,000
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Expiration period	10 years
Total unrecognized compensation expense related to non-vested shares granted | $	$ 0
Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation expense related to non-vested shares granted | $	$ 3,527,000
Unrecognized compensation expense expected recognition period	1 year 1 month 6 days
Weighted average grant date fair value per share of PSUs granted (in dollars per unit) | $ / shares	$ 19.66	$ 15.17	$ 14.80
Award requisite service period	3 years		1 year
Shares awarded as a percentage of granted	100.00%			200.00%
Number of units granted (in units) | shares	125,000	226,000	307,000
Stock compensation - expensed (reversed) | $	$ 4,511,000	$ 6,796,000	$ 7,567,000
Performance Share Units with Total Shareholder Return Conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Minimum | Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
Minimum | Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award requisite service period	1 year
Shares awarded as a percentage of granted	0.00%
Maximum | Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Maximum | Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award requisite service period	3 years
Shares awarded as a percentage of granted	200.00%
2004 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares per employee | shares	2,000,000
2004 Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized (in shares) | shares	33,000,000
2013 Directors Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares per employee | shares	50,000
2013 Directors Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized (in shares) | shares	1,000,000

Share-Based Employee Compensa_4

Share-Based Employee Compensation - Shares Authorized, Available for Future Grant and Outstanding Under Each Plans (Detail)	Dec. 31, 2020shares
Equity Incentive Plan [Line Items]
Authorized (in shares)	34,000,000
Available (in shares)	9,218,000
Outstanding (in shares)	2,336,000
2004 Plan
Equity Incentive Plan [Line Items]
Authorized (in shares)	33,000,000
Available (in shares)	8,652,000
Outstanding (in shares)	2,262,000
2013 Directors Plan
Equity Incentive Plan [Line Items]
Authorized (in shares)	1,000,000
Available (in shares)	566,000
Outstanding (in shares)	74,000

Share-Based Employee Compensa_5

Share-Based Employee Compensation - Stock Option Activities (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Number of Shares
Number of Shares, Options outstanding, beginning balance	635,000
Number of Shares, Granted	0	0	0
Number of shares, Exercised	(37,000)
Number of Shares, Forfeited	0
Number of Shares, Expired	0
Number of Shares, Options outstanding, ending balance	598,000	635,000
Number of Shares, Vested and expected to vest at end of period	598,000
Number of Shares, Options exercisable at end of period	598,000
Weighted-Average Exercise Price Per Share
Weighted Average Exercise Price, Options outstanding, beginning balance (in dollars per share)	$ 6.53
Weighted Average Exercise Price, Granted (in dollars per share)	0
Weighted Average Exercise Price, Exercised (in dollars per share)	6.71
Weighted Average Exercise Price, Forfeited (in dollars per share)	0
Weighted Average Exercise Price, Expired (in dollars per share)	0
Weighted Average Exercise Price, Options outstanding, ending balance (in dollars per share)	6.52	$ 6.53
Weighted Average Exercise Price, Vested and expected to vest at end of period (in dollars per share)	6.52
Weighted Average Exercise Price, Options exercisable at end of period (in dollars per share)	$ 6.52
Weighted-Average Remaining Contractual Term
Weighted Average Remaining Life, Options outstanding at end of period	2 years 1 month 2 days
Weighted Average Remaining Life, Vested and expected to vest at end of period	2 years 1 month 2 days
Weighted Average Remaining Life, Options exercisable at end of period	2 years 1 month 2 days
Aggregate Intrinsic Value
Outstanding aggregate intrinsic value	$ 10,457
Vested and expected to vest in the future, aggregate intrinsic value	10,457
Exercisable, aggregate intrinsic value	$ 10,457

Share-Based Employee Compensa_6

Share-Based Employee Compensation - Roll-Forward of Activity for Restricted Stock Units (Detail) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Weighted Average Grant Date Fair Value
Accrued incremental dividend equivalent rights (in shares)	3,064
Restricted Stock Units
Number of Share units
Nonvested number of Units, beginning balance	1,036
Granted, number of units	409
Vested, number of units	(437)
Forfeited, number of units	(108)
Nonvested number of units, ending balance	900	1,036
Weighted Average Grant Date Fair Value
Nonvested weighted Average Grant Date Fair Value, beginning balance (in dollars per unit)	$ 14.04
Granted, weighted average grant date fair value (in dollars per unit)	17.84	$ 15.63	$ 15.30
Vested, weighted average grant date fair value (in dollars per units)	13.63
Forfeited, weighted average grant date fair value (in dollars per unit)	15.14
Nonvested weighted Average Grant Date Fair Value, ending balance (in dollars per unit)	$ 15.83	$ 14.04
Accrued incremental dividend equivalent rights (in shares)	3

Share-Based Employee Compensa_7

Share-Based Employee Compensation - Roll-Forward of Activity for Performance Share Units (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, weighted average grant date fair value (in dollars per unit)	$ 19.66	$ 15.17	$ 14.80
Granted, number of units	125	226	307
Number of Share units
Nonvested number of Units, beginning balance	1,051
Granted, number of units	125	226	307
Target Award Adjustment, number of units	341
Vested, number of units	(709)
Forfeited, number of units	(98)
Nonvested number of units, ending balance	835	1,051
Weighted Average Grant Date Fair Value
Nonvested weighted Average Grant Date Fair Value, beginning balance (in dollars per unit)	$ 13.50
Granted, weighted average grant date fair value (in dollars per unit)	19.66	$ 15.17	$ 14.80
Target Award Adjustment, weighted average grant date fair value (in dollars per unit)	10.10
Vested, weighted average grant date fair value (in dollars per units)	10.21
Forfeited, weighted average grant date fair value (in dollars per unit)	15.21
Nonvested weighted Average Grant Date Fair Value, ending balance (in dollars per unit)	$ 17.08	13.50
Award requisite service period	3 years		1 year
Performance Shares, including shares subject to total shareholder return
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, weighted average grant date fair value (in dollars per unit)	$ 23.22	$ 16.96
Granted, number of units	125	149	0
Number of Share units
Granted, number of units	125	149	0
Weighted Average Grant Date Fair Value
Granted, weighted average grant date fair value (in dollars per unit)	$ 23.22	$ 16.96
Minimum | Performance shares
Weighted Average Grant Date Fair Value
Award requisite service period	1 year
Target award shares percent	50.00%
Maximum | Performance shares
Weighted Average Grant Date Fair Value
Award requisite service period	3 years
Target award shares percent	80.00%

Share-Based Employee Compensa_8

Share-Based Employee Compensation - Summary of Total Number of SARs Granted (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of Share based Compensation Arrangements by Share based Payment Award, Performance Options [Line Items]
Share-based Payment Arrangement, Expense	$ 10,927	$ 12,896	$ 13,530

Share-Based Employee Compensa_9

Share-Based Employee Compensation - Share-Based Compensation Related to Employees and Directors (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Cost of employee share-based compensation included in income (loss), before income tax	$ 10,927,000	$ 12,896,000	$ 13,530,000
Granted, number of units	2,513,000	2,966,000	3,112,000
Payments to acquire investments	8,414,000	9,930,000	10,418,000
Cost of sales
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Cost of employee share-based compensation included in income (loss), before income tax	763,000	961,000	976,000
Operating expenses
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Cost of employee share-based compensation included in income (loss), before income tax	$ 10,164,000	$ 11,935,000	$ 12,554,000

Employee Benefit Plan - Additio

Employee Benefit Plan - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Retirement Benefits [Abstract]
Maximum employee contribution to defined contribution benefit plans	75.00%
Employer matching contribution, percentage	50.00%
Employer matching contribution, percentage of employees' gross pay	6.00%
Discretionary contributions by employer		$ 0	$ 0
Defined contribution plan employee vesting percentage	100.00%
Defined contribution plan employer vesting percentage	50.00%
Number of years of service required to vest in full	2 years
Employer contribution towards compensation plan	$ 1,103,000	$ 2,719,000	$ 2,340,000

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	Dec. 31, 2020	Dec. 31, 2019
Foreign Currency Forward Contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign currency forward contracts — asset position	$ 90	$ 61
Foreign currency forward contracts — liability position	(1,553)	(766)
Total foreign currency derivative instruments	(19,385)	(3,461)
Currency Swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset, Current		6,163
Derivative Liability, Current		(25)
Interest Rate Swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability, Current	(17,922)	(8,894)
Level 1 | Foreign Currency Forward Contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign currency forward contracts — asset position	0	0
Foreign currency forward contracts — liability position	0	0
Total foreign currency derivative instruments	0	0
Level 1 | Currency Swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset, Current		0
Derivative Liability, Current		0
Level 1 | Interest Rate Swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability, Current	0	0
Level 2 | Foreign Currency Forward Contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign currency forward contracts — asset position	90	61
Foreign currency forward contracts — liability position	(1,553)	(766)
Total foreign currency derivative instruments	(19,385)	(3,461)
Level 2 | Currency Swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset, Current		6,163
Derivative Liability, Current		(25)
Level 2 | Interest Rate Swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability, Current	(17,922)	(8,894)
Level 3 | Foreign Currency Forward Contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign currency forward contracts — asset position	0	0
Foreign currency forward contracts — liability position	0	0
Total foreign currency derivative instruments	0	0
Level 3 | Currency Swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Asset, Current		0
Derivative Liability, Current		0
Level 3 | Interest Rate Swap
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability, Current	$ 0	$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments - Fair Value Relating to Financial Assets and Liabilities (Detail)	Dec. 31, 2020USD ($)	Dec. 31, 2020JPY (¥)	Aug. 31, 2020USD ($)	Aug. 31, 2020JPY (¥)	May 04, 2020USD ($)	Dec. 31, 2019USD ($)
Carrying Value | Convertible Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt outstanding	$ 258,750,000					$ 0
Carrying Value | ABL Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Lines of credit	22,130,000					114,480,000
Carrying Value | Japan ABL Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Lines of credit	0					30,100,000
Fair Value | ABL Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Lines of credit	22,130,000					114,480,000
Fair Value | Japan ABL Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Lines of credit	0					30,100,000
Secured Debt | Term Loan Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt outstanding	441,600,000					446,400,000
Secured Debt | Japan Term Loan Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt instrument, face amount	18,390,000	¥ 1,900,000,000	$ 19,358,000	¥ 2,000,000,000
Secured Debt | Carrying Value | Term Loan Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt outstanding	441,600,000					446,400,000
Secured Debt | Carrying Value | Japan Term Loan Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt outstanding	18,390,000					0
Secured Debt | Carrying Value | Equipment Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt outstanding	31,822,000					19,715,000
Secured Debt | Fair Value | Term Loan Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt outstanding	443,243,000					450,864,000
Secured Debt | Fair Value | Japan Term Loan Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt outstanding	16,083,000					0
Secured Debt | Fair Value | Equipment Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt outstanding	29,385,000					19,715,000
Convertible Senior Notes
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt outstanding	183,126,000				$ 182,242,000
Debt instrument, face amount					$ 258,750,000
Debt instrument, interest rate, stated percentage					2.75%
Convertible Senior Notes | Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt outstanding	$ 414,191,000					$ 0

Fair Value of Financial Instr_5

Fair Value of Financial Instruments - Additional Information (Details) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Goodwill, impairment loss	$ 148,375,000	$ 148,375,000
Impairment of intangible assets (excluding goodwill)		0	$ 0	$ 0
Trade name, trademark and trade dress and other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [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 (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	$ 90	$ 6,224
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	19,475	9,685
Other current assets
Derivatives, Fair Value [Line Items]
Foreign currency forward contracts, asset derivatives designated as hedging instruments, fair value	37	53
Foreign currency forward contracts, asset derivatives not designated as hedging instruments, fair value	53	8
Accounts payable and accrued expenses
Derivatives, Fair Value [Line Items]
Foreign currency forward contracts, liability derivatives designated as hedging instruments, fair value	38	24
Foreign currency exchange contracts, liability derivatives not designated as hedging instruments, fair value	1,515	741
Designated as Hedging Instrument | Cash Flow Hedging
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	17,960	8,944
Designated as Hedging Instrument | Cash Flow Hedging | Other current assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	37	6,216
Currency Swap | Designated as Hedging Instrument | Cash Flow Hedging | Other current assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset Including Not Subject to Master Netting Arrangement	0	6,163
Currency Swap | Designated as Hedging Instrument | Cash Flow Hedging | 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
Interest Rate Swap | Designated as Hedging Instrument | Cash Flow Hedging | Accounts payable and accrued expenses
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	4,780	1,865
Interest Rate Swap | Designated as Hedging Instrument | Cash Flow Hedging | Other Noncurrent Liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability Including Not Subject to Master Netting Arrangement	$ 13,142	$ 7,030

Derivatives and Hedging - Addit

Derivatives and Hedging - Additional Information (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Derivative [Line Items]
Foreign currency translation adjustments		$ 25,690,000	$ (4,751,000)	$ (7,672,000)
Forward points expensed on derivatives		648,000
Net losses from accumulated other comprehensive income (loss) into net earnings during the next 12 months		270,000
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax		2,956,000	2,811,000	389,000
Interest income		$ 492,000	807,000	594,000
Maximum remaining maturity of foreign currency derivatives		12 months
Foreign Currency Transaction Gain (Loss), net		$ 9,024,000	(5,838,000)	(2,824,000)
Designated as Hedging Instrument | Cash Flow Hedging
Derivative [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax		15,686,000	8,396,000	236,000
Currency Swap
Derivative [Line Items]
Settlement of cross-currency swap contract		18,510,000	11,212,000
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax			7,783,000
Currency Swap | Other Income
Derivative [Line Items]
Settlement of cross-currency swap contract		5,735,000
Currency Swap | Other income (expense)
Derivative [Line Items]
Settlement of cross-currency swap contract	$ 11,046,000	11,046,000	0	0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax			2,756,000
Currency Swap | Interest Income
Derivative [Line Items]
Settlement of cross-currency swap contract		1,730,000
Currency Swap | Interest Expense
Derivative [Line Items]
Settlement of cross-currency swap contract			5,027,000
Currency Swap | Designated as Hedging Instrument | Cash Flow Hedging
Derivative [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax		15,081,000	11,212,000	0
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax		18,510,000	7,783,000	0
Interest Rate Swap | Other Income
Derivative [Line Items]
Settlement of cross-currency swap contract		(3,852,000)	(552,000)
Interest Rate Swap | Designated as Hedging Instrument | Cash Flow Hedging
Derivative [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax		(12,881,000)	(9,434,000)	0
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net		(4,789,000)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax		(3,852,000)	(552,000)	0
Foreign Currency Forward Contracts
Derivative [Line Items]
Derivative notional amount			72,119,000	459,600,000
Foreign Currency Forward Contracts | Designated as Hedging Instrument
Derivative [Line Items]
Derivative notional amount		756,000	0
Foreign Exchange Forward
Derivative [Line Items]
Derivative, excluded component, gain (loss), recognized in earnings		0
Foreign Exchange Forward | Cost of Goods Sold
Derivative [Line Items]
Foreign currency translation adjustments		380,000	398,000	236,000
Foreign Exchange Forward | Designated as Hedging Instrument | Cash Flow Hedging
Derivative [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax		756,000	1,033,000	389,000
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax		1,028,000	1,165,000	236,000
Currency and Interest Rate Swap Agreements | Designated as Hedging Instrument
Derivative [Line Items]
Derivative notional amount		$ 196,350,000	198,353,000
Minimum
Derivative [Line Items]
Maximum length of time, foreign currency cash flow hedge		12 years
Maximum
Derivative [Line Items]
Maximum length of time, foreign currency cash flow hedge		15 years
Short [Member] | Foreign Currency Forward Contracts
Derivative [Line Items]
Derivative notional amount		$ 81,627,000
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Derivative [Line Items]
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax		$ 2,956,000	$ 2,811,000	$ 389,000

Derivatives and Hedging - Locat

Derivatives and Hedging - Location of Gains and Losses in Consolidated Condensed Statements of Operations that were Recognized and Derivative Contract Type (Detail) - USD ($)	3 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency exchange contracts, amount of gain (loss) recognized in income on derivatives not designated as hedging instruments		$ 2,910,000	$ 6,947,000	$ 10,085,000
Foreign Currency Transaction Gain (Loss), net		9,024,000	(5,838,000)	(2,824,000)
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, Tax		2,956,000	2,811,000	389,000
Currency Swap
Derivative Instruments, Gain (Loss) [Line Items]
Settlement of cross-currency swap contract		18,510,000	11,212,000
Settlement of cross-currency swap contract		18,510,000	11,212,000
Other income (expense)
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency exchange contracts, amount of gain (loss) recognized in income on derivatives not designated as hedging instruments		2,156,000	4,176,000	9,705,000
Other income (expense) | Currency Swap
Derivative Instruments, Gain (Loss) [Line Items]
Settlement of cross-currency swap contract	$ 11,046,000	11,046,000	0	0
Settlement of cross-currency swap contract	$ 11,046,000	$ 11,046,000	$ 0	$ 0

Segment Information - Informati

Segment Information - Information Utilized by Management to Evaluate Operating Segments (Detail)	1 Months Ended	3 Months Ended								12 Months Ended
	Jan. 31, 2019USD ($)	Dec. 31, 2020USD ($)	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Sep. 30, 2019USD ($)	Jun. 30, 2019USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2020USD ($)segment	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)	Jan. 04, 2019USD ($)
Segment Reporting [Abstract]
Number of operating segments | segment										2
Segment Reporting Information [Line Items]
Net sales		$ 374,629,000	$ 475,559,000	$ 296,996,000	$ 442,276,000	$ 311,941,000	$ 426,217,000	$ 446,708,000	$ 516,197,000	$ 1,589,460,000	$ 1,701,063,000	$ 1,242,834,000
Income (loss) before income taxes										(127,478,000)	95,769,000	131,272,000
Identifiable assets		1,980,600,000				1,960,548,000				1,980,600,000	1,960,548,000	1,052,944,000
Additions to long-lived assets										46,930,000	54,553,000	37,490,000
Goodwill		56,658,000				203,743,000				56,658,000	203,743,000	55,816,000
Depreciation and amortization										39,508,000	34,951,000	19,948,000
Goodwill and intangible asset impairment										174,269,000	0	0
Increase (decrease) in other income										23,400,000
Inventory step-up on acquisition										$ 0	(10,885,000)	0
Number of operating segments | segment										2
Payments to acquire equity securities without readily determinable fair value										$ 19,999,000	17,897,000	1,743,000
Income taxes receivable/payable, net										1,979,000	1,414,000	82,000
Increase (decrease) in prepaid assets										13,407,000
Increase (decrease) in accounts receivable										(9,950,000)	44,476,000	2,109,000
Goodwill, period increase (decrease)										(147,085,000)	147,927,000
Goodwill, impairment loss				$ 148,375,000						148,375,000
Topgolf International, Inc
Segment Reporting Information [Line Items]
Payments to acquire equity securities without readily determinable fair value										21,308,000	17,897,000	1,743,000
Golf Equipment
Segment Reporting Information [Line Items]
Net sales										982,675,000	979,173,000
Apparel, Gear and Other
Segment Reporting Information [Line Items]
Net sales										606,785,000	721,890,000
Operating Segments | Golf Equipment
Segment Reporting Information [Line Items]
Net sales										982,675,000	979,173,000	912,947,000
Income (loss) before income taxes										148,578,000	140,316,000	128,619,000
Identifiable assets		481,214,000				508,463,000				481,214,000	508,463,000	437,604,000
Additions to long-lived assets										25,695,000	29,167,000	27,778,000
Goodwill		27,025,000				26,329,000				27,025,000	26,329,000	26,183,000
Depreciation and amortization										19,212,000	16,847,000	11,165,000
Operating Segments | Apparel, Gear and Other
Segment Reporting Information [Line Items]
Net sales										606,785,000	721,890,000	329,887,000
Income (loss) before income taxes										679,000	75,490,000	54,879,000
Identifiable assets		754,601,000				939,463,000				754,601,000	939,463,000	269,432,000
Additions to long-lived assets										21,235,000	25,386,000	9,712,000
Goodwill		29,633,000				177,414,000				29,633,000	177,414,000	29,633,000
Depreciation and amortization										20,296,000	18,104,000	8,783,000
Reconciling items
Segment Reporting Information [Line Items]
Income (loss) before income taxes										(276,735,000)	(120,037,000)	(52,226,000)
Identifiable assets		744,785,000				512,622,000				744,785,000	512,622,000	$ 345,908,000
Increase (decrease) in general and administration expenses and other income (expense)										156,698,000
Gain (loss) in foreign currency exchange											(3,896,000)
Assets period increase (decrease)		$ (232,163,000)				(166,714,000)				(232,163,000)	(166,714,000)
Net (decrease) increase in cash and cash equivalents										259,453,000	42,685,000
Income taxes receivable/payable, net										14,213,000
Increase (decrease) in accounts receivable										69,081,000
Jack Wolfskin
Segment Reporting Information [Line Items]
Goodwill						150,180,000	$ 150,180,000				150,180,000		$ 150,180,000
Inventory step-up on acquisition											10,928,000
Business acquisition, transaction costs						9,987,000					9,987,000
Goodwill, period increase (decrease)	$ 147,781,000
Jack Wolfskin | Reconciling items
Segment Reporting Information [Line Items]
Goodwill and intangible asset impairment										174,300,000
Business combination, acquisition related costs											34,084,000
Gain (loss) in foreign currency exchange											7,261,000
Business acquisition, transaction costs						$ 3,661,000					3,661,000
Term Loan Facility
Segment Reporting Information [Line Items]
Period increase (decrease), interest expense										$ 8,100,000	$ 31,707,000

Segment Information - Summary o

Segment Information - Summary of Revenue and Long Lived Assets by Geographical Areas (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Principal Transaction Revenue [Line Items]
Net sales	$ 374,629	$ 475,559	$ 296,996	$ 442,276	$ 311,941	$ 426,217	$ 446,708	$ 516,197	$ 1,589,460	$ 1,701,063	$ 1,242,834
Long-Lived Assets (excluding deferred tax assets)	813,462				937,152				813,462	937,152	452,959
Property, plant and equipment, net	146,495				132,760				146,495	132,760	88,472
United States
Principal Transaction Revenue [Line Items]
Net sales									778,600	788,232	708,467
Long-Lived Assets (excluding deferred tax assets)	498,182				466,957				498,182	466,957	422,803
Property, plant and equipment, net	116,459				103,111				116,459	103,111	75,320
Europe
Principal Transaction Revenue [Line Items]
Net sales									372,957	428,628	149,602
Long-Lived Assets (excluding deferred tax assets)	286,450				444,468				286,450	444,468	6,855
Property, plant and equipment, net	17,078				19,148				17,078	19,148	2,562
Japan
Principal Transaction Revenue [Line Items]
Net sales									212,055	246,260	223,707
Long-Lived Assets (excluding deferred tax assets)	11,091				10,347				11,091	10,347	8,723
Property, plant and equipment, net	6,028				5,655				6,028	5,655	5,489
Rest of World
Principal Transaction Revenue [Line Items]
Net sales									225,848	237,943	161,058
Long-Lived Assets (excluding deferred tax assets)	17,739				15,380				17,739	15,380	14,578
Property, plant and equipment, net	$ 6,930				$ 4,846				$ 6,930	$ 4,846	$ 5,101

Transactions with Related Par_2

Transactions with Related Parties - Related Party Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Related Party Transactions [Abstract]
Charitable contributions made to Callaway Golf Company Foundation	$ 0	$ 750,000	$ 750,000

Summarized Quarterly Data (Un_3

Summarized Quarterly Data (Unaudited) - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 374,629	$ 475,559	$ 296,996	$ 442,276	$ 311,941	$ 426,217	$ 446,708	$ 516,197	$ 1,589,460	$ 1,701,063	$ 1,242,834
Gross profit	139,123	200,733	122,055	195,674	130,148	191,389	206,817	238,433	657,585	766,787	578,369
Net income (loss)					(29,218)	31,048	28,898	48,501	(126,934)	79,229	105,254
Less: Net (loss) income attributable to non-controlling interests					0	0	(33)	(146)	0	(179)	514
Net income (loss) attributable to Callaway Golf Company	$ (40,576)	$ 52,432	$ (167,684)	$ 28,894	$ (29,218)	$ 31,048	$ 28,931	$ 48,647	$ (126,934)	$ 79,408	$ 104,740
(Loss) earnings per common share:
Basic (in dollars per share)	$ (0.43)	$ 0.56	$ (1.78)	$ 0.31	$ (0.31)	$ 0.33	$ 0.31	$ 0.51	$ (1.35)	$ 0.84	$ 1.11
Dilutive earnings (loss) per common share (in dollars per share)	$ (0.43)	$ 0.54	$ (1.78)	$ 0.30	$ (0.31)	$ 0.32	$ 0.30	$ 0.50	$ (1.35)	$ 0.82	$ 1.08