| Goodwill and Identifiable Intangible Assets, Net | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
Goodwill and Identifiable Intangible Assets, Net | |
Schedule of goodwill allocated to the Company's reportable segments and changes in the carrying amount of goodwill |
|
|
|
|
|
|
|
|
|
|
|
(in thousands)
|
|
|
2016
|
|
|
2015
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balances at beginning of year
|
|
$
|
181,179
|
|
$
|
187,580
|
|
|
|
Foreign currency translation
|
|
|
(1,938)
|
|
|
(6,401)
|
|
|
|
Balances at end of year
|
|
$
|
179,241
|
|
$
|
181,179
|
|
|
Goodwill allocated to the Company's reportable segments and changes in the carrying amount of goodwill were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Titleist
|
|
Titleist
|
|
FootJoy
|
|
Titleist
|
|
|
|
|
|
|
|
(in thousands)
|
|
Golf Balls
|
|
Golf Clubs
|
|
Golf Wear
|
|
Golf Gear
|
|
Other
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balances at December 31,2014
|
|
$
|
109,921
|
|
$
|
54,319
|
|
$
|
1,760
|
|
$
|
13,168
|
|
$
|
8,412
|
|
$
|
187,580
|
|
|
Foreign currency translation
|
|
|
(3,360)
|
|
|
(2,566)
|
|
|
543
|
|
|
(619)
|
|
|
(399)
|
|
|
(6,401)
|
|
|
Balances at December 31,2015
|
|
|
106,561
|
|
|
51,753
|
|
|
2,303
|
|
|
12,549
|
|
|
8,013
|
|
|
181,179
|
|
|
Foreign currency translation
|
|
|
(1,139)
|
|
|
(554)
|
|
|
(25)
|
|
|
(134)
|
|
|
(86)
|
|
|
(1,938)
|
|
|
Balances at December 31,2016
|
|
$
|
105,422
|
|
$
|
51,199
|
|
$
|
2,278
|
|
$
|
12,415
|
|
$
|
7,927
|
|
$
|
179,241
|
|
|
Schedule of net carrying value by class of identifiable intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted
|
|
December 31,2016
|
|
December 31,2015
|
|
|
Average
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Useful
|
|
|
|
|
Accumulated
|
|
Net Book
|
|
|
|
|
Accumulated
|
|
Net Book
|
|
(in thousands)
|
Life (Years)
|
|
Gross
|
|
Amortization
|
|
Value
|
|
Gross
|
|
Amortization
|
|
Value
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Indefinite-lived:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trademarks
|
|
N/A
|
|
$
|
428,100
|
|
$
|
-
|
|
$
|
428,100
|
|
$
|
428,100
|
|
$
|
-
|
|
$
|
428,100
|
|
Amortizing:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Completed Technology
|
|
13
|
|
|
73,900
|
|
|
(29,956)
|
|
|
43,944
|
|
|
73,900
|
|
|
(24,426)
|
|
|
49,474
|
|
Customer Relationships
|
|
20
|
|
|
18,999
|
|
|
(5,146)
|
|
|
13,853
|
|
|
19,253
|
|
|
(4,252)
|
|
|
15,001
|
|
Licensing Fees and Other
|
|
7
|
|
|
32,423
|
|
|
(28,332)
|
|
|
4,091
|
|
|
32,352
|
|
|
(25,433)
|
|
|
6,919
|
|
Total intangible assets
|
|
|
|
$
|
553,422
|
|
$
|
(63,434)
|
|
$
|
489,988
|
|
$
|
553,605
|
|
$
|
(54,111)
|
|
$
|
499,494
|
|
Schedule of amortization expense related to intangible assets |
|
|
|
|
|
|
|
(in thousands)
|
|
|
|
|
|
|
|
|
|
|
|
Year ending December 31,
|
|
|
|
|
|
2017
|
|
$
|
9,208
|
|
|
2018
|
|
|
7,844
|
|
|
2019
|
|
|
6,236
|
|
|
2020
|
|
|
5,893
|
|
|
2021
|
|
|
5,893
|
|
|
Thereafter
|
|
|
26,814
|
|
|
Total
|
|
$
|
61,888
|
|
|