2020 Q1 Form 10-Q Financial Statement

#000167201320000029 Filed on May 07, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q1
Revenue $408.7M $433.7M
YoY Change -5.76% -1.83%
Cost Of Revenue $207.8M $211.5M
YoY Change -1.78% -1.21%
Gross Profit $201.0M $222.2M
YoY Change -9.54% -2.42%
Gross Profit Margin 49.16% 51.22%
Selling, General & Admin $152.7M $155.4M
YoY Change -1.74% 2.68%
% of Gross Profit 76.0% 69.96%
Research & Development $13.22M $12.75M
YoY Change 3.68% 2.9%
% of Gross Profit 6.58% 5.74%
Depreciation & Amortization $10.27M $9.797M
YoY Change 4.82% -5.11%
% of Gross Profit 5.11% 4.41%
Operating Expenses $165.9M $168.2M
YoY Change -1.33% 2.7%
Operating Profit $21.43M $52.23M
YoY Change -58.97% -16.15%
Interest Expense -$2.600M -$4.600M
YoY Change -43.48% -9.8%
% of Operating Profit -12.13% -8.81%
Other Income/Expense, Net -$690.0K $970.0K
YoY Change -171.13% 123.5%
Pretax Income $16.62M $48.31M
YoY Change -65.61% -17.14%
Income Tax $7.600M $12.30M
% Of Pretax Income 45.74% 25.46%
Net Earnings $8.877M $34.93M
YoY Change -74.58% -15.81%
Net Earnings / Revenue 2.17% 8.05%
Basic Earnings Per Share $0.12 $0.46
Diluted Earnings Per Share $0.12 $0.46
COMMON SHARES
Basic Shares Outstanding 74.55M shares 76.01M shares
Diluted Shares Outstanding 75.10M shares 76.26M shares

Balance Sheet

Concept 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $55.90M $44.90M
YoY Change 24.5% -7.23%
Cash & Equivalents $55.92M $44.88M
Short-Term Investments
Other Short-Term Assets $99.40M $87.43M
YoY Change 13.69% 0.58%
Inventory $364.9M $346.4M
Prepaid Expenses
Receivables $309.2M $333.9M
Other Receivables $0.00 $0.00
Total Short-Term Assets $829.5M $812.6M
YoY Change 2.07% -4.07%
LONG-TERM ASSETS
Property, Plant & Equipment $226.1M $223.8M
YoY Change 1.01% -0.64%
Goodwill $209.9M $210.2M
YoY Change -0.12% 11.35%
Intangibles $478.6M $476.6M
YoY Change 0.42% -0.73%
Long-Term Investments
YoY Change
Other Assets $75.23M $82.34M
YoY Change -8.63% 134.39%
Total Long-Term Assets $1.058B $1.065B
YoY Change -0.6% 2.79%
TOTAL ASSETS
Total Short-Term Assets $829.5M $812.6M
Total Long-Term Assets $1.058B $1.065B
Total Assets $1.888B $1.877B
YoY Change 0.55% -0.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $96.01M $88.73M
YoY Change 8.21% -2.97%
Accrued Expenses $139.0M $132.3M
YoY Change 5.06% 2.32%
Deferred Revenue
YoY Change
Short-Term Debt $174.8M $141.6M
YoY Change 23.45% 4.7%
Long-Term Debt Due $17.50M $35.63M
YoY Change -50.88% 20.0%
Total Short-Term Liabilities $466.4M $430.0M
YoY Change 8.46% -0.04%
LONG-TERM LIABILITIES
Long-Term Debt $326.7M $338.3M
YoY Change -3.44% -17.14%
Other Long-Term Liabilities $51.81M $53.54M
YoY Change -3.22% 190.29%
Total Long-Term Liabilities $378.5M $53.54M
YoY Change 606.94% 190.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $466.4M $430.0M
Total Long-Term Liabilities $378.5M $53.54M
Total Liabilities $968.6M $930.7M
YoY Change 4.08% -6.64%
SHAREHOLDERS EQUITY
Retained Earnings $148.2M $97.09M
YoY Change 52.62% 156.74%
Common Stock $912.2M $901.8M
YoY Change 1.15% 0.59%
Preferred Stock
YoY Change
Treasury Stock (at cost) $45.11M
YoY Change
Treasury Stock Shares 1.672M shares
Shareholders Equity $885.7M $913.4M
YoY Change
Total Liabilities & Shareholders Equity $1.888B $1.877B
YoY Change 0.55% -0.3%

Cashflow Statement

Concept 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income $8.877M $34.93M
YoY Change -74.58% -15.81%
Depreciation, Depletion And Amortization $10.27M $9.797M
YoY Change 4.82% -5.11%
Cash From Operating Activities -$72.51M -$90.07M
YoY Change -19.49% 3.72%
INVESTING ACTIVITIES
Capital Expenditures $5.741M $5.462M
YoY Change 5.11% -7.22%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$5.741M -$5.462M
YoY Change 5.11% -34.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.976M $0.00
YoY Change
Debt Paid & Issued, Net $4.375M $7.031M
YoY Change -37.78% 49.98%
Cash From Financing Activities $101.9M $109.1M
YoY Change -6.61% 15.03%
NET CHANGE
Cash From Operating Activities -$72.51M -$90.07M
Cash From Investing Activities -$5.741M -$5.462M
Cash From Financing Activities $101.9M $109.1M
Net Change In Cash $21.74M $13.86M
YoY Change 56.82% 2039.35%
FREE CASH FLOW
Cash From Operating Activities -$72.51M -$90.07M
Capital Expenditures $5.741M $5.462M
Free Cash Flow -$78.25M -$95.53M
YoY Change -18.08% 3.03%

Facts In Submission

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CY2020Q1 us-gaap Deferred Income Tax Expense Benefit
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CY2019Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2020Q1 us-gaap Increase Decrease In Accounts Receivable
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CY2019Q1 us-gaap Increase Decrease In Accounts Receivable
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CY2020Q1 us-gaap Increase Decrease In Inventories
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-19092000 USD
CY2019Q1 us-gaap Increase Decrease In Inventories
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-17373000 USD
CY2020Q1 us-gaap Increase Decrease In Accounts Payable
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-2652000 USD
CY2019Q1 us-gaap Increase Decrease In Accounts Payable
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4491000 USD
CY2020Q1 us-gaap Increase Decrease In Accrued Taxes Payable
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-2125000 USD
CY2019Q1 us-gaap Increase Decrease In Accrued Taxes Payable
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CY2020Q1 us-gaap Increase Decrease In Other Operating Capital Net
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4894000 USD
CY2019Q1 us-gaap Increase Decrease In Other Operating Capital Net
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10912000 USD
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2019Q1 us-gaap Net Cash Provided By Used In Operating Activities
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CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2019Q1 us-gaap Payments To Acquire Property Plant And Equipment
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CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2020Q1 golf Repayments Of Delayed Draw Term Loan A Facility
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CY2019Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
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CY2019Q1 golf Repayments Of Delayed Draw Term Loan A Facility
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CY2019Q1 us-gaap Repayments Of Long Term Debt
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CY2019Q1 us-gaap Proceeds From Short Term Debt
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CY2020Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2020Q1 us-gaap Repayments Of Long Term Debt
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6976000 USD
CY2019Q1 golf Treasury Stock Value Acquired Cost Method Share Repurchase Liability
TreasuryStockValueAcquiredCostMethodShareRepurchaseLiability
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CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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1635000 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2019Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2020Q1 golf Dividend Equivalents Payable
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231000 USD
CY2019Q1 golf Dividend Equivalents Payable
DividendEquivalentsPayable
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CY2019Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2020Q1 us-gaap Payments Of Debt Issuance Costs
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CY2019Q1 us-gaap Payments Of Debt Issuance Costs
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CY2020Q1 us-gaap Payments Of Dividends Common Stock
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CY2019Q1 us-gaap Payments Of Dividends Common Stock
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CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2019Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2019Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
314000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
21740000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
13863000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
34184000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
31014000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
55924000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
44877000 USD
CY2020Q1 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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1161000 USD
CY2019Q1 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
222000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019Q1 us-gaap Profit Loss
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CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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3536000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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1785000 USD
CY2019Q1 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
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CY2019Q1 us-gaap Dividends Common Stock
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10782000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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946637000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
950826000 USD
CY2020Q1 golf Net Income Loss Including Portion Attributable To Noncontrolling Interest Excluding Portion Attributable To Redeemable Noncontrolling Interest
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9401000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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-17631000 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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2023000 USD
CY2020Q1 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
-368000 USD
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
6976000 USD
CY2020Q1 golf Treasury Stock Value Acquired Cost Method Share Repurchase Liability
TreasuryStockValueAcquiredCostMethodShareRepurchaseLiability
6976000 USD
CY2020Q1 us-gaap Dividends Common Stock
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11735000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
918564000 USD
CY2020Q1 dei Document Period End Date
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2020-03-31
CY2020Q1 us-gaap Use Of Estimates
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<div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-bottom:12px;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of the Company’s unaudited condensed consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and judgments that affect reported amounts of </span><span style="font-family:inherit;font-size:10pt;color:#212529;">assets and liabilities and related disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company has</span><span style="font-family:inherit;font-size:10pt;"> also made estimates of the impact of COVID-19 within its unaudited condensed consolidated financial statements and there may be changes to those estimates in future periods. Actual results could differ from these estimates.</span></div>
CY2020Q1 golf Redeemable Noncontrolling Interest Loan Carrying Amount
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4400000 USD
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents
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2000000.0 USD
CY2019Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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500000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
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5338000 USD
CY2020Q1 us-gaap Provision For Doubtful Accounts
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916000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
286000 USD
CY2020Q1 golf Accounts Receivable Allowancefor Credit Loss Foreign Currency Translation And Other
AccountsReceivableAllowanceforCreditLossForeignCurrencyTranslationAndOther
186000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
5782000 USD
CY2020Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1000000.0 USD
CY2020Q1 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
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73642000 USD
CY2019Q4 us-gaap Inventory Raw Materials And Supplies Net Of Reserves
InventoryRawMaterialsAndSuppliesNetOfReserves
87675000 USD
CY2020Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
27848000 USD
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
22024000 USD
CY2020Q1 us-gaap Inventory Finished Goods Net Of Reserves
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263445000 USD
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
288669000 USD
CY2020Q1 us-gaap Inventory Net
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364935000 USD
CY2019Q4 us-gaap Inventory Net
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398368000 USD
CY2019Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
4048000 USD
CY2018Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
3331000 USD
CY2020Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1209000 USD
CY2020Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
944000 USD
CY2019Q1 us-gaap Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
876000 USD
CY2020Q1 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
164000 USD
CY2019Q1 us-gaap Standard Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardProductWarrantyAccrualForeignCurrencyTranslationGainLoss
-19000 USD
CY2020Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
4149000 USD
CY2019Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
3548000 USD
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
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0.155
CY2020Q1 us-gaap Income Tax Expense Benefit
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7600000 USD
CY2019Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
12300000 USD
CY2020Q1 golf Increase Decrease In Income Tax Expense
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-4700000 USD
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
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0.460
CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.254
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
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0.155
CY2020Q1 us-gaap Dividends Common Stock
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CY2020Q1 us-gaap Stock Repurchased During Period Value
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6976000 USD
CY2019Q1 us-gaap Stock Repurchased During Period Value
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CY2020Q1 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
63700000 USD
CY2020Q1 us-gaap Dividends Common Stock
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11735000 USD
CY2019Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.14
CY2019Q4 us-gaap Dividends Common Stock
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10718000 USD
CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.14
CY2019Q3 us-gaap Dividends Common Stock
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10726000 USD
CY2019Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.14
CY2019Q2 us-gaap Dividends Common Stock
DividendsCommonStock
10751000 USD
CY2019Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.14
CY2019Q1 us-gaap Dividends Common Stock
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10782000 USD
CY2019 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.56
CY2019 us-gaap Dividends Common Stock
DividendsCommonStock
42977000 USD
CY2020Q1 dei Document Period End Date
DocumentPeriodEndDate
2020-03-31
CY2020Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
100000000.0 USD
CY2020Q1 golf Stock Repurchase Program Authorized Amount Maximum Amounttobe Purchasedin Open Market
StockRepurchaseProgramAuthorizedAmountMaximumAmounttobePurchasedinOpenMarket
24900000 USD
CY2020Q1 us-gaap Schedule Of Repurchase Agreements
ScheduleOfRepurchaseAgreements
<div style="line-height:120%;padding-bottom:12px;padding-top:6px;text-align:left;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company's share repurchase activity was as follows:</span></div><div style="line-height:120%;padding-bottom:12px;padding-top:6px;text-align:center;text-indent:0px;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:65.49707602339181%;border-collapse:collapse;text-align:left;"><tr><td colspan="9"/></tr><tr><td style="width:54%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:20%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:1%;"/><td style="width:20%;"/><td style="width:1%;"/></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="7" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">Three Months Ended March 31,</span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-style:italic;font-weight:bold;">(in thousands, except share and per share amounts)</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2020</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="3" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:8pt;"><span style="font-family:inherit;font-size:8pt;font-weight:bold;">2019</span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Shares repurchased </span><span style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>243,894</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Average price</span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>28.60</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">Aggregate value </span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>6,976</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"> </span></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;background-color:#cceeff;"><div style="text-align:left;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;">$</span></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-top:2px;padding-bottom:2px;"><div style="text-align:right;font-size:9pt;"><span style="font-family:inherit;font-size:9pt;"><span>—</span></span></div></td><td style="vertical-align:bottom;background-color:#cceeff;"><div style="text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div></td></tr></table></div></div><div style="line-height:120%;font-size:3pt;"><span style="font-family:inherit;font-size:3pt;">_______________________________________________________________________________</span></div><span style="font-family:inherit;font-size:8pt;">(1) There were no shares repurchased from Magnus during the three months ended </span><span style="font-family:inherit;font-size:8pt;">March 31, 2020</span> related to the Magnus share repurchase agreement.
CY2020Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
243894 shares
CY2019Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2020Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
28.60
CY2019Q1 us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
0
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2187000 USD
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1785000 USD
CY2020Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
463000 USD
CY2019Q1 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
390000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
1724000 USD
CY2019Q1 us-gaap Allocated Share Based Compensation Expense Net Of Tax
AllocatedShareBasedCompensationExpenseNetOfTax
1395000 USD
CY2020Q1 us-gaap Oci Before Reclassifications Before Tax Attributable To Parent
OciBeforeReclassificationsBeforeTaxAttributableToParent
-14477000 USD
CY2020Q1 us-gaap Reclassification From Aoci Current Period Before Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodBeforeTaxAttributableToParent
938000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
2216000 USD
CY2020Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
8877000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
34926000 USD
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74545280 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76006989 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75099930 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
76264038 shares
CY2020Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
CY2020Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
408741000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
433702000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
16615000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
48314000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
433702000 USD
CY2020Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
408741000 USD
CY2019Q4 us-gaap Loss Contingency Receivable
LossContingencyReceivable
9500000 USD
CY2020Q1 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
139355000 USD
CY2020Q1 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
17955000 USD
CY2020Q1 us-gaap Purchase Obligation Due In Third Year
PurchaseObligationDueInThirdYear
4065000 USD
CY2020Q1 us-gaap Purchase Obligation Due In Fourth Year
PurchaseObligationDueInFourthYear
649000 USD
CY2020Q1 us-gaap Purchase Obligation Due In Fifth Year
PurchaseObligationDueInFifthYear
467000 USD
CY2020Q1 us-gaap Purchase Obligation Due After Fifth Year
PurchaseObligationDueAfterFifthYear
1603000 USD
CY2020Q1 us-gaap Loss Contingency Receivable
LossContingencyReceivable
9600000 USD

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