CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited) - USD ($)
|
Sep. 30, 2016 |
Dec. 31, 2015 |
| Current assets: |
|
|
| Cash and cash equivalents |
$ 124,628,000
|
$ 49,801,000
|
| Accounts receivable, net |
158,262,000
|
115,607,000
|
| Inventories |
157,002,000
|
208,883,000
|
| Income taxes receivable |
927,000
|
487,000
|
| Other current assets |
11,136,000
|
16,709,000
|
| Total current assets |
451,955,000
|
391,487,000
|
| Property, plant and equipment, net |
55,775,000
|
55,808,000
|
| Intangible assets, net |
88,743,000
|
88,782,000
|
| Goodwill |
26,235,000
|
26,500,000
|
| Deferred taxes, net |
7,267,000
|
6,962,000
|
| Investment in golf-related ventures (Note 7) |
49,108,000
|
53,315,000
|
| Other assets |
9,054,000
|
8,370,000
|
| Total assets |
688,137,000
|
631,224,000
|
| Current liabilities: |
|
|
| Accounts payable and accrued expenses |
118,264,000
|
122,620,000
|
| Accrued employee compensation and benefits |
30,280,000
|
33,518,000
|
| Asset-based credit facilities |
0
|
14,969,000
|
| Accrued warranty expense |
5,515,000
|
5,706,000
|
| Income tax liability |
1,747,000
|
1,823,000
|
| Total current liabilities |
155,806,000
|
178,636,000
|
| Long-term liabilities: |
|
|
| Income tax payable |
3,383,000
|
3,476,000
|
| Deferred taxes, net |
34,844,000
|
35,093,000
|
| Long-term incentive compensation and other |
1,212,000
|
1,074,000
|
| Commitments and contingencies (Note 10) |
|
|
| Shareholders’ equity: |
|
|
| Preferred stock, $0.01 par value, 3,000,000 shares authorized, none issued and outstanding at September 30, 2016 and December 31, 2015 |
0
|
0
|
| Common stock, $0.01 par value, 240,000,000 shares authorized, 94,214,295 and 93,769,199 shares issued at September 30, 2016 and December 31, 2015, respectively |
942,000
|
938,000
|
| Additional paid-in capital |
327,716,000
|
322,793,000
|
| Retained earnings |
164,800,000
|
101,047,000
|
| Accumulated other comprehensive loss |
(9,219,000)
|
(11,813,000)
|
| Less: Common stock held in treasury, at cost, 101,461 and 2,075 shares at September 30, 2016 and December 31, 2015, respectively |
(936,000)
|
(20,000)
|
| Total Callaway Golf Company shareholders’ equity |
483,303,000
|
412,945,000
|
| Non-controlling interest in consolidated entity (Note 6) |
9,589,000
|
0
|
| Total shareholders’ equity |
492,892,000
|
412,945,000
|
| Total liabilities and shareholders’ equity |
$ 688,137,000
|
$ 631,224,000
|