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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2015	Jan. 29, 2016	Jun. 30, 2015
Document and Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	FY
Trading Symbol	ELY
Entity Registrant Name	CALLAWAY GOLF CO
Entity Central Index Key	0000837465
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		93,767,124
Entity Public Float			$ 697,242,803

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 49,801	$ 37,635
Accounts receivable, net	115,607	109,848
Inventories	208,883	207,229
Deferred taxes, net	0	5,081
Income taxes receivable	487	928
Other current assets	16,709	23,312
Total current assets	391,487	384,033
Property, plant and equipment, net	55,808	58,093
Intangible assets, net	88,782	88,833
Goodwill	26,500	27,821
Deferred taxes, net	6,962	2,346
Investment in golf-related ventures (Note 7)	53,315	50,677
Other assets	8,370	13,008
Total assets	631,224	624,811
Current liabilities:
Accounts payable and accrued expenses	122,620	123,251
Accrued employee compensation and benefits	33,518	37,386
Asset-based credit facility	14,969	15,235
Accrued warranty expense	5,706	5,607
Income taxes payable	1,823	2,623
Deferred taxes, net	0	26
Total current liabilities	178,636	184,128
Long-term liabilities:
Income tax liability	3,476	3,867
Deferred taxes, net	35,093	35,043
Convertible notes, net (Note 3)		108,574
Long-term other	1,074	1,665
Commitments & contingencies (Note 10)
Shareholders' equity:
Preferred stock, $.01 par value, 3,000,000 shares authorized, 0 shares issued and outstanding at both December 31, 2015 and 2014.	0	0
Common stock, $.01 par value, 240,000,000 shares authorized, 93,769,199 shares and 78,373,598 shares issued at December 31, 2015 and 2014, respectively	938	784
Additional paid-in capital	322,793	210,057
Retained earnings	101,047	89,932
Accumulated other comprehensive income	(11,813)	(796)
Less: Common stock held in treasury, at cost, 2,075 shares and 779,681 shares at December 31, 2015 and 2014, respectively	(20)	(8,443)
Total Callaway Golf Company shareholders' equity	412,945	291,534
Total liabilities and shareholders' equity	$ 631,224	$ 624,811

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	3,000,000	3,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	240,000,000	240,000,000
Common stock, shares issued	93,769,199	78,373,598
Less: Common Stock held in treasury, shares	2,075	779,681

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Statement [Abstract]
Net sales	$ 843,794	$ 886,945	$ 842,801
Cost of sales	486,161	529,019	528,043
Gross profit	357,633	357,926	314,758
Selling expenses	228,910	234,231	226,496
General and administrative expenses	68,567	61,662	68,087
Research and development expenses	33,213	31,285	30,937
Total operating expenses	330,690	327,178	325,520
Income (loss) from operations	26,943	30,748	(10,762)
Interest income	388	438	558
Interest expense	(8,733)	(9,499)	(9,123)
Other income (expense), net	1,465	(48)	6,005
Income (loss) before income taxes	20,063	21,639	(13,322)
Income tax provision	5,495	5,631	5,599
Net income (loss)	14,568	16,008	(18,921)
Dividends on convertible preferred stock	0	0	3,332
Net income (loss) allocable to common shareholders	$ 14,568	$ 16,008	$ (22,253)
Earnings (loss) per common share
Basic (usd per share)	$ 0.18	$ 0.21	$ (0.31)
Diluted (usd per share)	$ 0.17	$ 0.20	$ (0.31)
Weighted-average common shares outstanding:
Basic (usd per share)	83,116	77,559	72,809
Diluted (usd per share)	84,611	78,385	72,809
Dividends paid per common share	$ 0.04	$ 0.04	$ 0.04

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 14,568	$ 16,008	$ (18,921)
Other comprehensive (loss) income:
Change in fair value of derivative instruments	525	0	0
Foreign currency translation adjustments	(11,542)	(12,973)	(2,593)
Comprehensive income (loss)	$ 3,551	$ 3,035	$ (21,514)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows from operating activities:
Net income (loss)	$ 14,568	$ 16,008	$ (18,921)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	17,379	21,236	25,543
Deferred taxes	128	604	(2,309)
Share-based compensation	7,542	5,740	3,533
(Gain) loss on disposal of long-lived assets and deferred gain amortization	(1,006)	(1,331)	2,242
Discount amortization on convertible notes	531	739	702
Changes in assets and liabilities:
Accounts receivable, net	(11,591)	(23,314)	(6,690)
Inventories	(5,347)	47,334	(60,966)
Other assets	7,060	2,884	(190)
Accounts payable and accrued expenses	5,382	(30,578)	34,663
Accrued employee compensation and benefits	(3,395)	6,328	11,523
Income taxes receivable and payable	(370)	(4,125)	2,761
Accrued warranty expense	99	(799)	(1,133)
Other liabilities	(399)	(3,846)	293
Net cash provided by (used in) operating activities	30,581	36,880	(8,949)
Cash flows from investing activities:
Capital expenditures	(14,369)	(10,753)	(13,038)
Proceeds from sale of property, plant and equipment	(3,104)	0	0
Proceeds from sale of property, plant and equipment	2	458	4,148
Investment in golf-related ventures	(940)	(14,771)	(13,637)
Net cash used in investing activities	(18,411)	(25,066)	(22,527)
Cash flows from financing activities:
Exercise of stock options	6,565	2,291	1,652
Dividends paid, net	(3,391)	(3,105)	(5,599)
Acquisition of treasury stock	(1,960)	(1,006)	0
(Repayment of) proceeds from asset-based credit facility, net	(266)	(10,425)	25,660
Credit facility amendment costs	0	(608)	0
Equity issuance costs	0	(7)	(341)
Other financing activities	0	(26)	(32)
Net cash provided by (used in) financing activities	948	(12,886)	21,340
Effect of exchange rate changes on cash and cash equivalents	(952)	1,914	(5,074)
Net increase (decrease) in cash and cash equivalents	12,166	842	(15,210)
Cash and cash equivalents at beginning of year	37,635	36,793	52,003
Cash and cash equivalents at end of year	49,801	37,635	36,793
Supplemental disclosures:
Cash paid for interest and fees	6,641	8,124	6,741
Cash paid for income taxes, net	5,454	8,098	4,986
Noncash investing and financing activities:
Conversion of convertible notes to common stock, net of discount (Note 3)	109,105	0	0
Issuance of treasury stock from the settlement of compensatory stock awards	3,762	86	1,649
Accrued capital expenditures at period end	2,255	466	1,467
Acquisition of treasury stock for minimum statutory withholding taxes	0	7	364
Issuance of common stock in exchange for preferred stock	$ 0	$ 0	$ 42,278

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock	Non-controlling Interest
Beginning balance (in shares) at Dec. 31, 2012		418	72,264				(1,267)
Beginning balance at Dec. 31, 2012	$ 321,708	$ 4	$ 723	$ 204,510	$ 113,831	$ 14,770	$ (14,848)	$ 2,718
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Preferred stock/convertible notes to common stock exchange (in shares)		(417)	5,920
Preferred stock/convertible notes to common stock exchange	0	$ (4)	$ 59	(55)
Redemption of preferred stock (in shares)		(1)
Redemption of preferred stock	(30)			(30)
Equity issuance costs	(341)			(341)
Acquisition of treasury stock (in shares)							(56)
Acquisition of treasury stock	(364)						$ (364)
Exercise of stock options (in shares)							216
Exercise of stock options	1,652			(820)			$ 2,472
Tax deficit from exercise of stock options and compensatory stock	(2)			(2)
Issuance of treasury stock (in shares)							140
Issuance of treasury stock	0			(1,649)			$ 1,649
Share-based compensation (in shares)			56
Share-based compensation	3,533			3,533
Stock dividends (in shares)			75
Stock dividends	0		$ 1	566	(567)
Cash dividends	(5,599)				(5,599)
Foreign currency translation adjustments	(2,593)					(2,593)
Change in non-controlling interest	(2,718)							(2,718)
Deconsolidation of subsidiaries	(11,706)				(11,706)
Net loss	(18,921)				(18,921)
Ending balance (in shares) at Dec. 31, 2013		0	78,315				(967)
Ending balance at Dec. 31, 2013	284,619	$ 0	$ 783	205,712	77,038	12,177	$ (11,091)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Equity issuance costs	(7)			(7)
Acquisition of treasury stock (in shares)							(133)
Acquisition of treasury stock	(1,013)						$ (1,013)
Exercise of stock options (in shares)							312
Exercise of stock options	2,291			(1,284)			$ 3,575
Tax deficit from exercise of stock options and compensatory stock	(26)			(26)
Issuance of treasury stock (in shares)			58				8
Issuance of treasury stock	0		$ 1	(87)			$ 86
Share-based compensation	5,740			5,740
Stock dividends (in shares)			1
Stock dividends	0		$ 0	9	(9)
Cash dividends	(3,105)				(3,105)
Foreign currency translation adjustments	(12,973)					(12,973)
Net loss	16,008				16,008
Ending balance (in shares) at Dec. 31, 2014		0	78,374				(780)
Ending balance at Dec. 31, 2014	291,534	$ 0	$ 784	210,057	89,932	(796)	$ (8,443)	0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Preferred stock/convertible notes to common stock exchange (in shares)			15,000
Preferred stock/convertible notes to common stock exchange	109,105		$ 150	108,955
Acquisition of treasury stock (in shares)							(217)
Acquisition of treasury stock	$ (1,960)						$ (1,960)
Exercise of stock options (in shares)	914		277				637
Exercise of stock options	$ 6,565		$ 3	(5)			$ 6,567
Tax deficit from exercise of stock options and compensatory stock	(1)			(1)
Issuance of treasury stock (in shares)			110				353
Issuance of treasury stock	0		$ 1	(3,763)			$ 3,762
Share-based compensation (in shares)			0
Share-based compensation	7,542			7,542
Stock dividends (in shares)			8				5
Stock dividends	0		$ 0	8	(62)		$ 54
Cash dividends	(3,391)				(3,391)
Foreign currency translation adjustments	(11,542)					(11,542)
Change in fair value of derivative instruments	525					525
Change in non-controlling interest								0
Net loss	14,568				14,568
Ending balance (in shares) at Dec. 31, 2015		0	93,769				(2)
Ending balance at Dec. 31, 2015	$ 412,945	$ 0	$ 938	$ 322,793	$ 101,047	$ (11,813)	$ (20)	$ 0

The Company	12 Months Ended
The Company	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
The Company	Note 1. The Company Callaway Golf Company (“Callaway Golf” or the “Company”), a Delaware corporation, together with its subsidiaries, designs, manufactures and sells high quality golf clubs (drivers, fairway woods, hybrids, irons, wedges and putters), golf balls, golf bags and other golf-related accessories. The Company generally sells its products to golf retailers (including pro shops at golf courses and off-course retailers), sporting goods retailers and mass merchants, directly and through its wholly-owned subsidiaries, and to third-party distributors in the United States and in over 100 countries around the world. The Company also sells pre-owned Callaway Golf products through its website www.callawaygolfpreowned.com and sells new Callaway Golf products through its websites www.callawaygolf.com and www.odysseygolf.com. In addition, the Company licenses its trademarks and service marks in exchange for a royalty fee to third parties for use on golf related accessories including golf apparel and footwear, golf gloves, prescription eyewear and practice aids.

Summary ofSignificant Accounting Policies

12 Months Ended

Dec. 31, 2015

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 2. Summary of Significant Accounting Policies

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

The preparation of financial statements in conformity with accounting principles generally accepted in the United States 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, tax contingencies, estimates on the valuation of share-based awards and recoverability of long-lived assets and investments. Actual results may materially differ from these estimates. On an ongoing basis, the Company reviews its estimates to ensure that these estimates appropriately reflect changes in its business or as new information becomes available.

Recent Accounting Standards

On February 25, 2016, the Financial Accounting Standards Board ("FASB") issued its new lease accounting guidance in Accounting Standards Update ("ASU") No. 2016-02, "Leases (Topic 842)." Under the new guidance, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (i) a lease liability, which is a lessee‘s obligation to make lease payments arising from a lease, measured on a discounted basis; and (ii) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged and lessees will no longer be provided with a source of off-balance sheet financing. This ASU is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The Company is currently evaluating the impact this ASU will have on its consolidated financial statements.

In January 2016, the FASB issued ASU No. 2016-01, "'Financial Instruments─Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities." The amendment requires (i) equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income, (ii) public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes and (iii) separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables). This amendment eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. This amendment is effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Company is currently evaluating the impact this ASU will have on its consolidated financial statements.

In November 2015, the FASB issued ASU No. 2015-17, "Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes." This amendment eliminates the current requirement for organizations to present deferred tax liabilities and assets as current and noncurrent in a classified balance sheet. Instead, organizations will be required to classify all deferred tax assets and liabilities as noncurrent. For public business entities, the amendment is effective for financial statements issued for annual periods beginning after December 15, 2016, and interim periods within those annual periods. The Company opted to early adopt this ASU and has applied this amendment to its deferred tax assets and liabilities in its consolidated balance sheet as of December 31, 2015 on a prospective basis. The adoption of this ASU did not have a material impact on the Company's consolidated financial statements.

In July 2015, FASB issued ASU No. 2015-11, "Inventory (Topic 330): Simplifying the Measurement of Inventory." Topic 330, Inventory, currently requires an entity to measure inventory at the lower of cost or market. Market could be replacement cost, net realizable value, or net realizable value less an approximately normal profit margin. The amendments apply to inventory that is measured using first-in, first-out (FIFO) or average cost. An entity should measure in-scope inventory at the lower of cost and net realizable value. Net realizable value is the estimated selling prices in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. The amendments in this update more closely align the measurement of inventory in GAAP with the measurement of inventory in International Financial Reporting Standards. For public business entities, the amendments are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. The amendments should be applied prospectively with earlier application permitted as of the beginning of an interim or annual reporting period. The Company is currently evaluating the impact this ASU will have on its consolidated financial statements.

In April 2015, the FASB has issued ASU No. 2015-05, "Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement." Existing GAAP does not include explicit guidance about a customer’s accounting for fees paid in a cloud computing arrangement. Examples of cloud computing arrangements include: (a) software as a service; (b) platform as a service; (c) infrastructure as a service; and (d) other similar hosting arrangements. The amendments provide guidance to customers about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement includes a software license, then the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. If a cloud computing arrangement does not include a software license, the customer should account for the arrangement as a service contract. The amendments do not change the customer’s accounting for service contracts. As a result of the amendments, all software licenses within the scope of Subtopic 350-40 will be accounted for consistent with other licenses of intangible assets. For public business entities, the amendments will be effective for annual periods, including interim periods within those annual periods, beginning after December 15, 2015. Early adoption is permitted. The Company does not expect that the adoption of this amendment will have a material impact on the Company’s consolidated financial statements and disclosures.

In April 2015, the FASB issued ASU No. 2015-03, "Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs." The amendments in this ASU require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The guidance in ASU 2015-03 (see paragraph 835-30-45-1A) does not address presentation or subsequent measurement of debt issuance costs related to line-of-credit arrangements. Given the absence of authoritative guidance within ASU 2015-03 for debt issuance costs related to line-of-credit arrangements, the SEC staff stated that they would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. The amendments for this ASU are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption of the amendments is permitted for financial statements that have not been previously issued. The Company does not expect that the adoption of this amendment will have a material impact on the Company’s consolidated financial statements and disclosures.

In August 2014, the FASB issued ASU No. 2014-15, "Presentation of Financial Statements—Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern." This ASU is intended to define management’s responsibility to evaluate whether there is substantial doubt about an organization’s ability to continue as a going concern and to provide related footnote disclosures, and provides guidance to an organization’s management, with principles and definitions that are intended to reduce diversity in the timing and content of disclosures that are commonly provided by organizations today in the financial statement footnotes. Until the issuance of this ASU, U.S. GAAP lacked guidance about management’s responsibility to evaluate whether there is substantial doubt about the organization’s ability to continue as a going concern or to provide related footnote disclosures. The amendments are effective for annual periods ending after December 15, 2016, and interim periods within annual periods beginning after December 15, 2016. Early application is permitted for annual or interim reporting periods for which the financial statements have not previously been issued. The Company does not expect that the adoption of this amendment will have a material impact on its consolidated financial statements and disclosures.

In June 2014, the FASB issued ASU No. 2014-12, "Compensation - Stock Compensation (Topic 718): Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period." This ASU requires that a performance target that affects vesting and that could be achieved after the requisite service period, be treated as a performance condition. The performance target should not be reflected in estimating the grant-date fair value of the award. Compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period(s) for which the requisite service has already been rendered. If the performance target becomes probable of being achieved before the end of the requisite service period, the remaining unrecognized compensation cost should be recognized prospectively over the remaining requisite service period. The total amount of compensation cost recognized during and after the requisite service period should reflect the number of awards that are expected to vest and should be adjusted to reflect those awards that ultimately vest. The requisite service period ends when the employee can cease rendering service and still be eligible to vest in the award if the performance target is achieved. This ASU is effective for annual periods and interim periods within those annual periods beginning after December 15, 2015. Earlier adoption is permitted. Based on the Company's evaluation of this ASU, it will not have a material impact on the Company's consolidated financial statements.

In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers: (Topic 606)." This ASU affects any entity that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, "Revenue Recognition," and most industry-specific guidance. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer (e.g., assets within the scope of Topic 360, "Property, Plant, and Equipment," and intangible assets within the scope of Topic 350, "Intangibles-Goodwill and Other") are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this ASU. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The amendments in this ASU are effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The Company is currently evaluating the impact this ASU will have on its consolidated financial statements and disclosures.

Revenue Recognition

Sales are recognized, in general, as products are shipped to customers, net of an allowance for sales returns and sales programs in accordance with Accounting Standards Codification (“ASC”) Topic 605, “Revenue Recognition.” In certain cases, the Company recognizes sales when products are received by customers. The criteria for recognition of revenue are met when persuasive evidence that an arrangement exists and both title and risk of loss have passed to the customer, the price is fixed or determinable and collectability is reasonably assured. Sales returns are estimated based upon historical returns, current economic trends, changes in customer demands and sell-through of products. The Company also records estimated reductions to revenue for sales programs such as incentive offerings. Sales program accruals are estimated based upon the attributes of the sales program, management’s forecast of future product demand, and historical customer participation in similar programs.

The following table provides a reconciliation of the activity related to the Company’s allowance for sales returns:



	Years Ended December 31,
	2015			2014			2013
	(In thousands)
Beginning balance	$	8,944		$	7,334		$	6,383
Provision	35,746			36,980			32,127
Sales returns	(36,542		)	(35,370		)	(31,176		)
Ending balance	$	8,148		$	8,944		$	7,334

Revenues from gift cards are deferred and recognized when the cards are redeemed. In addition, the Company recognizes revenue from unredeemed gift cards when the likelihood of redemption becomes remote and under circumstances that comply with any applicable state escheatment laws. The Company’s gift cards have no expiration. 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 deferred revenue associated with outstanding gift cards increased to $1,119,000 at December 31, 2015 from $1,082,000 at December 31, 2014. The amounts are recorded in accounts payable and accrued expenses on the accompanying consolidated balance sheets.

Royalty income is recorded in net sales as underlying product sales occur, subject to certain minimums, in accordance with the related licensing arrangements. The Company recognized royalty income under its various licensing agreements of $8,062,000, $8,881,000 and $9,130,000 during 2015, 2014 and 2013, respectively.

Warranty Policy

The Company has a stated two-year warranty policy for its golf clubs. 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 following table provides a reconciliation of the activity related to the Company’s reserve for warranty expense:



	Years Ended December 31,
	2015			2014			2013
	(In thousands)
Beginning balance	$	5,607		$	6,406		$	7,539
Provision	5,220			4,724			5,177
Claims paid/costs incurred	(5,121		)	(5,523		)	(6,310		)
Ending balance	$	5,706		$	5,607		$	6,406

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

The Company's primary advertising costs are from television and print media advertisements. The Company’s policy is to expense advertising costs, including production costs, as incurred. Advertising expenses for 2015, 2014 and 2013 were $57,392,000, $55,502,000 and $53,707,000, respectively.

Research and Development Costs

Research and development costs are expensed as incurred. Research and development costs for 2015, 2014 and 2013 were $33,213,000, $31,285,000 and $30,937,000, respectively.

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 on 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 Income policy below).

The Company recorded a net loss in foreign currency transactions of $1,611,000, $6,198,000 and $821,000 in 2015, 2014 and 2013, respectively.

Derivatives and Hedging

In order to mitigate the impact of foreign currency translation on transactions, the Company uses foreign currency forward contracts that are accounted for as non-designated and designated hedges pursuant to ASC Topic 815, “Derivatives and Hedging” ("ASC Topic 815"). ASC Topic 815 requires that an entity recognize all derivatives as either assets or liabilities in the balance sheet, measure those instruments at fair value and recognize changes in the fair value of derivatives 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. Gains and losses from the remeasurement of qualifying cash flow hedges are recorded as a component of other comprehensive income and released into earnings as a component of cost of goods sold or net sales during the period in which the hedged transaction takes place. Gains and losses on the ineffective portion of hedges (hedges that do not meet accounting requirements due to ineffectiveness) and derivatives that are not elected for hedge accounting treatment are immediately recorded in earnings as a component of other income (expense).

Cash and Cash Equivalents

Cash equivalents are highly liquid investments purchased with original maturities of three months or less.

Trade Accounts Receivable

The Company records its trade accounts receivable at net realizable value. This value includes an appropriate allowance for estimated uncollectible accounts to reflect any loss anticipated on the trade accounts receivable balances and charged to the provision for doubtful accounts. An estimate of uncollectible amounts is made by management based upon historical bad debts, current customer receivable balances, age of customer receivable balances, the customer’s financial condition and current economic trends, all of which are subject to change. Actual uncollected amounts have historically been consistent with the Company’s expectations. The decrease in the allowance for estimated losses as of December 31, 2015 was primarily the result of a significant bad debt recovery recognized in 2015. The following table provides a reconciliation of the activity related to the Company’s allowance for doubtful accounts:



	Years Ended December 31,
	2015			2014			2013
	(In thousands)
Beginning balance	$	6,460		$	11,655		$	6,544
Provision	992			2,143			6,798
Write-off of uncollectible amounts, net of recoveries	(1,807		)	(7,338		)	(1,687		)
Ending balance	$	5,645		$	6,460		$	11,655

Inventories

Inventories are valued at the lower of cost or fair market value. Cost is determined using the first-in, first-out (FIFO) method. The inventory balance, which includes material, labor and manufacturing overhead costs, is recorded net of an estimate for obsolete or unmarketable inventory. This estimate is based upon 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.

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 as follows:



Buildings and improvements	10-30 years
Machinery and equipment	5-10 years
Furniture, computers and equipment	3-5 years
Production molds	2-5 years

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 included in net income/(loss). 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 internally developed software.

In accordance with ASC Topic 350-40, “Internal-Use Software,” the Company capitalizes certain costs incurred in connection with developing or obtaining internal use software. Costs incurred in the preliminary project stage are expensed. All direct external costs incurred to develop internal-use software during the development stage are capitalized and amortized using the straight-line method over the remaining estimated useful lives. Costs such as maintenance and training are expensed as incurred.

Long-Lived Assets

In accordance with ASC Topic 360-10-5, “Impairment or Disposal of Long-Lived Assets”, the Company assesses potential impairments of its 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, which consist of trade names, trademarks, service marks, trade dress, patents and other intangible assets, were acquired in connection with the acquisition of Odyssey Sports, Inc. in 1997, FrogTrader, Inc. in 2004, 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 its internal discounted cash flow estimates, quoted market prices, royalty rates when available and independent appraisals when appropriate. The Company completed its annual impairment test and fair value analysis of goodwill and other indefinite-lived intangible assets as of December 31, 2015, and the estimated fair values of the Company’s reporting units in the United States, United Kingdom, Canada and Korea, as well as the estimated fair values of certain trade names and trademarks, exceeded their carrying values. As a result, no impairment was recorded as of December 31, 2015.

Intangible assets that are determined to have definite lives are amortized over their estimated useful lives and are measured for impairment only when events or circumstances indicate the carrying value may be impaired in accordance with ASC Topic 360-10-5 discussed above. See Note 6 for further discussion of the Company’s goodwill and intangible assets.

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. The Company monitors investments for impairment in accordance with ASC Topic 325-35-2, “Impairment” and ASC Topic 320-35-17 through 35-35, “Scope of Impairment Guidance.” See Note 7 for further discussion of the Company’s investments.

Share-Based Compensation

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 for all share-based payment awards to employees and non-employees based on estimated fair values. 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.

Performance share units are stock-based awards in which the number of shares ultimately received depends on the Company's performance against specified goals that are measured over a designated performance period from the date of grant. These performance goals are established by the Company at the beginning of the performance period. At the end of the performance period, the number of shares of stock that could be issued is fixed based upon the degree of achievement of the performance goals. The number of shares that could be issued can range from 50% to 150% of the participant's target award. Performance share units are initially valued at the Company's closing stock price on the date of grant. Compensation expense for performance share units is recognized over the vesting period and is reduced by an estimate for forfeitures, and will vary based on remeasurements during the performance period. If the performance goals are not probable of achievement during the performance period, compensation expense would be reversed. The awards are forfeited if the performance goals are not achieved as of the end of the performance period. The performance units vest in full at the end of a three year period.

The Company uses the Black-Scholes option valuation model to estimate the fair value of its stock options and stock appreciation rights (“SARs”) at the date of grant. The Black-Scholes option valuation model requires the input of subjective assumptions to calculate the value of stock options/SARs. The Company uses historical data among other information to estimate the expected price volatility, expected term and forfeiture rate. The Company uses forecasted dividends to estimate the expected dividend yield. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant. Compensation expense is recognized on a straight-line basis over the vesting period for stock options. Compensation expense for SARs is recognized on a straight-line basis over the vesting period based on an estimated fair value, which is remeasured at the end of each reporting period. Once vested, the SARs continue to be remeasured to fair value until they are exercised.

The Company records compensation expense for restricted stock awards and restricted stock units (collectively “restricted stock”) based on the estimated fair value of the award on the date of grant. The estimated fair value is determined based on the closing price of the Company’s common stock on the award date multiplied by the number of shares underlying the restricted stock awarded. Total compensation expense is recognized on a straight-line basis over the vesting period.

Phantom stock units are a form of share-based awards that are indexed to the Company’s stock and are settled in cash. Compensation expense is recognized on a straight-line basis over the vesting period based on the award’s estimated fair value. Fair value is remeasured at the end of each interim reporting period through the award’s settlement date and is based on the closing price of the Company’s stock.

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. 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 asset 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. In 2011, as a result of this evaluation, the Company recorded a valuation allowance against its U.S. deferred tax assets due to losses generated in the United States. At the end of each interim and annual reporting period, as the U.S. deferred tax assets are adjusted upwards or downwards, the associated valuation allowance and income tax expense are also adjusted. If sufficient positive evidence arises in the future, such as a sustained return to profitability in the U.S. business, any existing valuation allowance could be reversed as appropriate, decreasing income tax expense and creating a significant one-time non-cash tax benefit in the period that such conclusion is reached. Prospectively, the Company would then report an effective U.S. income tax rate that is closer to statutory rates. The Company concluded that with respect to non-U.S. entities, there is sufficient positive evidence to conclude that the realization of its deferred tax assets is deemed to be likely, and no significant allowances have been established. For further information, see Note 9 “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 9 “Income Taxes.”

Other Income (Expense), Net

Other income (expense), net primarily includes gains and losses on foreign currency forward contracts and foreign currency transactions. The components of other income (expense), net are as follows:



	Years Ended December 31,
	2015			2014			2013
	(In thousands)
Foreign currency forward contract gains, net	$	2,877		$	6,356		$	6,764
Foreign currency transaction losses, net	(1,611		)	(6,198		)	(821		)
Other	199			(206		)	62
	$	1,465		$	(48	)	$	6,005

Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) includes the impact of foreign currency translation adjustments and the change in fair value of derivative instruments designated for hedge accounting. As the Company has met the permanent reinvestment criteria, it does not accrue income taxes on foreign currency translation adjustments. The total equity adjustment from foreign currency translation included in accumulated other comprehensive income were losses of $11,542,000 and $12,973,000 as of December 31, 2015 and 2014, respectively. The total equity adjustment from the change in fair value of derivative instruments was a net gain of $525,000 as of December 31, 2015. The Company did not have derivative instruments that qualified for hedge accounting as of December 31, 2014. See Note 16 "Derivatives and Hedging" for a tabular roll-forward of accumulated other comprehensive income (loss).

Segment Information

The Company’s operating segments are organized on the basis of products and consist of golf clubs and golf balls. The golf clubs segment consists primarily of Callaway Golf woods, hybrids, irons, wedges and putters as well as Odyssey putters, pre-owned clubs, golf-related accessories and royalties from licensing of the Company’s trademarks and service marks. The golf balls segment consists of Callaway Golf balls that are designed, manufactured and sold by the Company. The Company also discloses information about geographic areas. This information is presented in Note 18 “Segment Information.”

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 one customer accounted for more than 9% of the Company’s consolidated revenues in 2015, and no one customer accounted for more than 8% of the Company's consolidated revenue in each of 2014 and 2013. The Company's top five customers accounted for approximately 26% of the Company's consolidated revenues in 2015, 25% in 2014 and 23% in 2013. With respect to the Company's segments, in 2015 and 2014, the Company's top five golf club customers accounted for approximately 25% of total consolidated golf club sales, and approximately 23% of total consolidated golf club sales in 2013. The top five golf ball customers accounted for approximately 30% of total consolidated golf ball sales in each of 2015 and 2014, and 27% in 2013. A loss of one or more of these customers could 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, 2015, the Company had one customer with an outstanding balance greater than 10% of the Company's outstanding consolidated accounts receivable. At December 31, 2014, no single customer represented over 9% of the Company’s outstanding accounts receivable balance. Managing customer-related credit risk is more difficult in regions outside of the United States. Of the Company’s total net sales, approximately 47% was derived from sales outside of the United States in 2015, and approximately 52% in each of 2014 and 2013, respectively. Prolonged unfavorable economic conditions could significantly increase the Company’s credit risk with respect to its outstanding accounts receivable.

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. In addition, many of the Company’s suppliers are not well capitalized and prolonged unfavorable economic conditions could increase the risk that they will go out of business. If current suppliers are unable to deliver clubheads, shafts or other components, or if the Company is required to transition to other suppliers, the Company could experience significant production delays or disruption to its business. 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. Any delay or interruption in such supplies could have a material adverse impact upon the Company’s golf ball business. If the Company were to experience any such delays or interruptions, the Company may not be able to find adequate alternative suppliers at a reasonable cost or without significant disruption to its business.

The Company’s financial instruments that are subject to concentrations of credit risk consist primarily of cash equivalents, trade receivables and foreign currency forward 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. 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.

Financing Arrangements	12 Months Ended
Financing Arrangements	Dec. 31, 2015
Debt Disclosure [Abstract]
Financing Arrangements	Note 3. Financing Arrangements In addition to cash on hand, as well as cash generated from operations, the Company relies on its primary and Japan asset-based revolving credit facilities to manage seasonal fluctuations in liquidity and to provide additional liquidity when the Company’s operating cash flows are not sufficient to fund the Company’s requirements. As of December 31, 2015, the Company had $14,969,000 outstanding under these facilities, $1,030,000 in outstanding letters of credit, and $49,801,000 in cash and cash equivalents. The combined maximum amount that could have been outstanding under both facilities on December 31, 2015, after letters of credit, was $105,492,000, resulting in total available liquidity, including cash on hand, of $155,293,000. The maximum amount that could have been outstanding under the Company's primary asset-based revolving credit facility on December 31, 2014 was $55,611,000, and total available liquidity, including cash on hand was $93,246,000. The Company did not have its Japan ABL Facility in 2014. Primary Asset-Based Revolving Credit Facility The Company's primary credit facility is a Loan and Security Agreement with Bank of America N.A. (as amended, the “ABL Facility”) which provides a senior secured asset-based revolving credit facility of up to $230,000,000, comprised of a $160,000,000 U.S. 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), inventory and accounts receivable, of the Company’s subsidiaries in the United States, Canada and the United Kingdom. As of December 31, 2015, the Company had no borrowings outstanding under the ABL Facility and $1,030,000 in outstanding letters of credit. The maximum amount of additional indebtedness (as defined by the ABL Facility) that could have been outstanding on December 31, 2015, after outstanding borrowings and letters of credit, was approximately $88,860,000. The maximum availability under the ABL Facility fluctuates with the general seasonality of the business and increases and decreases with changes in the Company’s inventory and accounts receivable balances. The maximum availability is at its highest during the first half of the year when the Company’s inventory and accounts receivable balances are higher and is lower during the second half of the year when the Company's inventory levels decrease and its accounts receivable decrease as a result of cash collections and lower sales. Average outstanding borrowings during the year ended December 31, 2015 were $37,352,000, and average amounts available under the ABL Facility during the year ended December 31, 2015, after outstanding borrowings and letters of credit, was approximately $123,846,000. Amounts borrowed under the ABL Facility may be repaid and borrowed as needed. The entire outstanding principal amount (if any) is due and payable at June 23, 2019. 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 addition, the ABL Facility imposes restrictions on the amount the Company could pay in annual cash dividends, including meeting certain restrictions on the amount of additional indebtedness and requirements to maintain a certain fixed charge coverage ratio under certain circumstances. As of December 31, 2015, the Company was in compliance with all financial covenants of the ABL Facility. Additionally, the Company is subject to compliance with a fixed charge coverage ratio covenant during, and continuing 30 days after, any period in which the Company’s borrowing base availability, as amended, falls below $23,000,000. The Company’s borrowing base availability was above $23,000,000 during the year ended December 31, 2015, and the Company was in compliance with the fixed charge coverage ratio as of December 31, 2015. Had the Company not been in compliance with the fixed charge coverage ratio as of December 31, 2015, the Company's maximum amount of additional indebtedness that could have been outstanding on December 31, 2015 would have been reduced by $23,000,000. The interest rate applicable to outstanding loans under the ABL Facility fluctuates depending on the Company’s “availability ratio," which is expressed as a percentage of (i) the average daily availability under the ABL Facility to (ii) the sum of the Canadian, the U.K. and the U.S. borrowing bases, as adjusted. The applicable margin for any month will be reduced by 0.25% if the Company’s availability ratio is greater than or equal to 67% and the Company’s “leverage ratio” (as defined below) is less than 4.0 to 1.0 as of the last day of the month for which financial statements have been delivered, so long as no default or event of default exists. The Company’s “leverage ratio” is the ratio of the amount of debt for borrowed money to the 12-month trailing EBITDA (as defined in the ABL Facility), each determined on a consolidated basis. At December 31, 2015, the Company’s trailing 12 months average interest rate applicable to its outstanding loans under the ABL Facility, including the fees described below, was 4.43%. In addition, the ABL Facility provides for monthly fees ranging from 0.25% to 0.375% of the unused portion of the ABL Facility, depending on the prior month’s average daily balance of revolver loans and stated amount of letters of credit relative to lenders’ commitments. The fees incurred in connection with the origination and amendment of the ABL Facility totaled $4,961,000, which will be amortized into interest expense over the term of the ABL Facility agreement. Unamortized origination fees as of December 31, 2015 and 2014 were $1,781,000 and $2,233,000, respectively, of which $509,000 and $496,000, respectively, was included in other current assets and $1,272,000 and $1,737,000, respectively, was included in other long-term assets in the accompanying consolidated balance sheets. Japan ABL Facility In January 2015, the Company entered into a separate asset-based loan and guarantee agreement (the "Japan ABL Facility") between its subsidiary in Japan and The Bank of Tokyo-Mitsubishi UFG, Ltd and The Development Bank of Japan. The Company can borrow up to 2 billion Yen (or $16,632,000, using the exchange rate in effect as of December 31, 2015) over a one-year term, and the amounts outstanding are secured by certain assets, including eligible inventory. The Japan ABL Facility is subject to an effective interest rate of 1.48%, and includes certain restrictions including covenants related to certain pledged assets and financial performance metrics. As of December 31, 2015, the Company was in compliance with these covenants. The Company had $14,969,000 outstanding under this facility at December 31, 2015, and the maximum amount that could have been outstanding at December 31, 2015 was $16,632,000. In January 2016, the Company renewed the Japan ABL Facility for an additional two-year term, subject to an effective interest rate equal to TIBOR plus 0.25%. The agreement expires on January 22, 2018 Convertible Senior Notes In August 2012, the Company issued $112,500,000 of 3.75% Convertible Senior Notes (the “convertible notes”). The convertible notes were convertible, at the option of the note holder, at any time on or prior to the close of business on the business day immediately preceding August 15, 2019, into shares of common stock at an initial conversion rate of 133.3333 shares per $1,000 principal amount of convertible notes, which is equal to an aggregate of 15,000,000 shares of common stock at a conversion price of approximately $7.50 per share, subject to customary anti-dilution adjustments. The Company incurred transactional fees of $3,537,000 which were being amortized over the term of the convertible notes. During the second half of 2015, the convertible notes were eliminated pursuant to certain exchange transactions and shareholder conversions, which resulted, among other things, in the issuance of 15,000,000 shares of common stock to the note holders. In connection with the elimination of the convertible notes, the Company recorded $108,955,000 in shareholders' equity as of December 31, 2015, net of the outstanding discount of $3,395,000. There were no convertible notes outstanding as of December 31, 2015. In connection with the elimination of the convertible notes in 2015, the Company accelerated the amortization of transaction fees, which resulted in charges of $2,042,000 during 2015. There were no transaction fees remaining to be amortized at December 31, 2015. Unamortized transactions fees as of December 31, 2014 were $2,358,000, of which $505,000 was included in other current assets and $1,853,000 was included in other long-term assets, respectively, in the accompanying consolidated financial statements. The net carrying amount of the convertible notes as of December 31, 2014 was $108,574,000, and the unamortized discount was $3,926,000. Total interest and amortization expense recognized during the years ended December 31, 2015 and 2014 was $3,158,000 and $4,957,000, respectively.

Preferred Stock	12 Months Ended
Preferred Stock	Dec. 31, 2015
Equity [Abstract]
Preferred Stock	Note 4. Preferred Stock In August 2013, the Company exchanged 233,843 shares of its then outstanding 7.50% Series B Cumulative Perpetual Convertible Preferred Stock (the “Series B Preferred Stock”) for 3,316,922 shares of the Company's common stock at the stated conversion rate of 14.1844 plus an additional 75,342 common shares as an inducement. The Company also paid the exchanging holders cash dividends through December 15, 2013 on their shares of Series B Preferred Stock surrendered in the exchange. During the fourth quarter of 2013, the Company issued a notice of redemption and holders of 183,496 shares of Series B Preferred Stock converted their holdings into 2,602,770 shares of the Company's common stock at the stated conversion rate of 14.1844. The Company redeemed the remaining 300 shares of Series B Preferred Stock for $30,000. In November 2014, the Company eliminated the Series B Preferred Stock and restored their status to undesignated shares of preferred stock. As of December 31, 2015 and 2014, there were no outstanding shares of the preferred stock.

Earnings (Loss) per Common Share

12 Months Ended

Dec. 31, 2015

Equity [Abstract]

Earnings (Loss) per Common Share

Note 5. Earnings (Loss) per Common Share

Basic earnings per common share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding for the period.

Diluted earnings per common share reflects the potential dilution that could occur if convertible securities, or other contracts to issue common stock, were exercised or converted into common stock. Dilutive securities are included in the calculation of diluted earnings per common share using the treasury stock method and the if-converted method in accordance with ASC Topic 260, “Earnings per Share.” Dilutive securities include the common stock equivalents of preferred stock, convertible notes, options granted pursuant to the Company’s stock option plans and outstanding restricted stock units and performance share units granted to employees and non-employee directors (see Note 13). There were no outstanding shares of the preferred stock at December 31, 2015 and 2014 (see Note 4), and no outstanding convertible notes at December 31, 2015.

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 diluted earnings per share is higher than basic earnings per share.

The following table summarizes the computation of basic and diluted earnings (loss) per share:



	Years Ended December 31,
	2015		2014		2013
	(In thousands, except per share data)
Earnings (loss) per common share—basic
Net income (loss)	$	14,568	$	16,008	$	(18,921	)
Less: Preferred stock dividends	—		—		3,332
Net income (loss) allocable to common shareholders	$	14,568	$	16,008	$	(22,253	)
Weighted-average common shares outstanding—basic	83,116		77,559		72,809
Basic earnings (loss) per common share	$	0.18	$	0.21	$	(0.31	)

Earnings (loss) per common share—diluted
Net income (loss)	$	14,568	$	16,008	$	(18,921	)
Less: Preferred stock dividends	—		—		3,332
Net income (loss) allocable to common shareholders	$	14,568	$	16,008	$	(22,253	)
Weighted-average common shares outstanding—basic	83,116		77,559		72,809
Options and restricted stock	1,495		826		—
Weighted-average common shares outstanding—diluted	84,611		78,385		72,809
Dilutive earnings (loss) per common share	$	0.17	$	0.20	$	(0.31	)

Earnings (loss) per share—diluted, reflects the potential dilution that could occur if convertible securities, or other contracts to issue common stock, were exercised or converted into common stock. Options with an exercise price in excess of the average market value of the Company's common stock during the period have been excluded from the calculation as their effect would be antidilutive.

Antidilutive securities excluded from the earnings per share computation are summarized as follows:


•	For the year ended December 31, 2015, securities outstanding totaling approximately 10,812,000, including common shares underlying convertible senior notes of 10,248,000, in addition to antidilutive options and restricted stock.


•	For the year ended December 31, 2014, securities outstanding totaling approximately 16,000,000, including common shares underlying convertible senior notes of 15,000,000, in addition to anti-dilutive options and restricted stock.


•	For the year ended December 31, 2013, securities outstanding totaling approximately 25,029,000, including common shares underlying preferred stock of 4,293,000, and common shares underlying convertible senior notes of 15,000,000, in addition to antidilutive options and restricted stock.

Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Note 6. Goodwill and Intangible Assets

Goodwill at December 31, 2015 decreased to $26,500,000 from $27,821,000 at December 31, 2014 due to $1,321,000 in foreign currency fluctuations. Gross goodwill before impairments at December 31, 2015 and 2014 was $28,249,000 and $29,570,000, respectively.

In accordance with ASC Topic 350, “Intangibles—Goodwill and Other,” the Company’s goodwill and certain intangible assets are not amortized, but are subject to an annual impairment test. The following sets forth the intangible assets by major asset class:



	Useful Life (Years)	December 31, 2015							December 31, 2014
	Useful Life (Years)	Gross		Accumulated Amortization			Net Book Value		Gross		Accumulated Amortization			Net Book Value
				(In thousands)							(In thousands)
Indefinite-lived:
Trade name, trademark and trade dress and other	NA	$	88,590		$	—	$	88,590	$	88,590		$	—	$	88,590
Amortizing:
Patents	2-16	31,581			31,389		192		31,581			31,338		243
Developed technology and other	1-9	7,961			7,961		—		7,961			7,961		—
Total intangible assets		$	128,132		$	39,350	$	88,782	$	128,132		$	39,299	$	88,833

Aggregate amortization expense on intangible assets was approximately $51,000, $68,000 and $288,000 for the years ended December 31, 2015, 2014 and 2013, respectively. Amortization expense related to intangible assets at December 31, 2015 in each of the next five fiscal years and beyond is expected to be incurred as follows (in thousands):



2016	$	51
2017	51
2018	51
2019	39
	$	192

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Investments	12 Months Ended
Investments	Dec. 31, 2015
Investments, All Other Investments [Abstract]
Investments	Note 7. Investments The Company owns a minority interest in Topgolf International, Inc., doing business as the Topgolf Entertainment Group (“Topgolf”), the owner and operator of Topgolf entertainment centers, which ownership consists of common stock and various classes of preferred stock. In connection with this investment, the Company has a preferred partner agreement with Topgolf in which the Company has preferred signage rights, rights as the preferred supplier of golf products used or offered for use at Topgolf facilities at prices no less than those paid by the Company’s customers, preferred retail positioning in the Topgolf retail stores, access to consumer information obtained by Topgolf, and other rights incidental to those listed above. In December 2014, the Company remitted funds to subscribe for $1,699,000 in preferred shares of Topgolf. In January 2015, the subscription was accepted and the Company acquired the $1,699,000 in preferred shares. In December 2015, the Company invested an additional $940,000 in preferred shares of Topgolf, thereby increasing the Company's total investment as of December 31, 2015 to $53,315,000. In addition, in December 2015, the Company and Topgolf entered into a shareholder loan agreement, which resulted in a note receivable from Topgolf for $3,200,000. The loan was subject to an annual interest rate of 10%, and was due and payable on March 30, 2016. The loan was paid in full in February 2016. The Company’s total ownership interest in Topgolf, including the Company's voting rights in the preferred shares of Topgolf, remains at less than 20% of the outstanding equity securities of Topgolf. As of December 31, 2015, the Company did not have the ability to significantly influence the operating and financing activities and policies of Topgolf, and accordingly, the Company’s investment in Topgolf is accounted for at cost in accordance with ASC Topic 325, “Investments—Other.” During 2015, the Company did not conduct a fair value analysis of its investment in Topgolf as it was not practicable to do so. However, there were no events or changes in circumstances that would have had a significant adverse effect on the fair value of this investment. In January 2016, the Company exercised certain stock options to acquire additional common shares in Topgolf for $1,259,000. This additional investment did not increase the Company's ownership percentage above 20%. On February 22, 2016, Topgolf announced that Providence Equity Partners L.L.C. (“Providence Equity”) has made a significant minority preferred stock investment in Topgolf (the “Providence Equity Investment”). In connection with the Providence Equity Investment, Topgolf intends to use a portion of the proceeds it receives to repurchase shares from its existing shareholders, other than Providence Equity (the “Topgolf Repurchase Program”). The Company has agreed to sell approximately 9.6% to 10.9% of its shares in Topgolf in the Topgolf Repurchase Program, which amount may vary based on how many other existing Topgolf shareholders participate in the Topgolf Repurchase Program. In connection with the sale of its Topgolf shares in the Topgolf Repurchase Program, the Company expects to recognize a gain of approximately $17,377,000 to $19,696,000 in the first half of 2016, which amount will vary based on the number of shares Topgolf ultimately repurchases from the Company. The Company's total investment in Topgolf accounted for on a cost-basis prior to these transactions is $54,574,000, which includes $1,259,000 invested in connection with the exercise of certain stock options in January 2016. The Company's participation in the Topgolf Repurchase Program will reduce its total investment in Topgolf by approximately $5,674,000 to $6,431,000, to a net total investment accounted for at cost of $48,144,000 to $48,901,000. Based upon the transactions described above, the Company estimates the fair value of its Topgolf shares to be within the range of $230,000,000 to $240,000,000 immediately prior to the Providence Equity Investment (and prior to the Topgolf Repurchase Program). This fair value estimate is based solely upon the valuations and pricing in the Providence Equity Investment and related Topgolf Repurchase Program. No discount has been attributed to this fair value estimate for any preferred terms, including any shareholder, governance or other rights provided to Providence Equity that may differ from those held by the Company, and no premium has been attributed to this fair value estimate for any incremental value that might otherwise apply in the case of a change in control transaction (e.g. an initial public offering or sale of Topgolf). The Company’s Topgolf shares are illiquid and there is no assurance that the Company could sell its shares for the estimated fair value, or at all. Further, this estimate represents the fair value as of a point in time immediately preceding the Providence Equity Investment. The future value of the Company’s shares may differ materially from the estimated fair value. The future fair value will be affected by many factors, including the availability of interested and willing buyers, the future performance of the Topgolf business, Topgolf’s future capital structure, potential future dilution, and private and public equity market valuations and market conditions. In the absence of the Providence Equity Investment, it would not have been practicable for the Company to estimate the fair value of its Topgolf shares and there is no assurance that the Company will be able to estimate the fair value of its Topgolf shares in the future.

Selected Financial Statement Information

12 Months Ended

Dec. 31, 2015

Disclosure Selected Financial Statement Information [Abstract]

Selected Financial Statement Information

Note 8. Selected Financial Statement Information



	December 31,
	2015			2014
	(In thousands)
Accounts receivable, net:
Trade accounts receivable	$	129,400		$	125,252
Allowance for sales returns	(8,148		)	(8,944		)
Allowance for doubtful accounts	(5,645		)	(6,460		)
	$	115,607		$	109,848
Inventories:
Raw materials	$	53,876		$	47,661
Work-in-process	703			519
Finished goods	154,304			159,049
	$	208,883		$	207,229
Property, plant and equipment, net:
Land	$	7,260		$	7,365
Buildings and improvements	63,754			62,784
Machinery and equipment	107,495			107,845
Furniture, computers and equipment	96,674			122,501
Production molds	19,478			18,787
Construction-in-process	5,507			1,463
	300,168			320,745
Accumulated depreciation	(244,360		)	(262,652		)
	$	55,808		$	58,093
Accounts payable and accrued expenses:
Accounts payable	$	54,789		$	46,154
Accrued expenses	46,933			56,819
Accrued goods in-transit	20,898			20,278
	$	122,620		$	123,251
Accrued employee compensation and benefits:
Accrued payroll and taxes	$	24,118		$	28,219
Accrued vacation and sick pay	8,408			8,149
Accrued commissions	992			1,018
	$	33,518		$	37,386

Income Taxes

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Income Taxes

Note 9. Income Taxes

The Company’s income (loss) before income tax provision was subject to taxes in the following jurisdictions for the following periods (in thousands):



	Years Ended December 31,
	2015		2014		2013
United States	$	6,864	$	6,981	$	(28,622	)
Foreign	13,199		14,658		15,300
	$	20,063	$	21,639	$	(13,322	)

The expense (benefit) for income taxes is comprised of (in thousands):



	Years Ended December 31,
	2015			2014			2013
Current tax provision (benefit):
Federal	$	271		$	496		$	195
State	431			612			382
Foreign	4,393			4,930			6,487
	5,095			6,038			7,064
Deferred tax expense (benefit):
Federal	(41		)	(1,549		)	1,100
State	113			70			(817		)
Foreign	328			1,072			(1,748		)
	400			(407		)	(1,465		)
Income tax provision	$	5,495		$	5,631		$	5,599

On November 20, 2015, the FASB issued ASU No 2015-17, "Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes" which requires all deferred tax assets and liabilities to be classified as noncurrent on the balance sheet. The new accounting guidance is effective for annual reporting periods beginning after December 31, 2016 and interim periods therein. Early adoption is permitted as of the beginning of interim or annual reporting periods. The Company has adopted the standard prospectively as of December 31, 2015 and no adjustment was made to prior periods.

Deferred tax assets and liabilities of prior periods are classified as current or noncurrent according to the classification of the related asset or liability. Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2015 and 2014 are as follows (in thousands):



	December 31,
	2015			2014
Deferred tax assets:
Reserves and allowances not currently deductible for tax purposes	$	14,292		$	15,861
Basis difference related to fixed assets	10,170			10,943
Compensation and benefits	8,964			8,147
Basis difference for inventory valuation	1,764			1,526
Compensatory stock options and rights	3,659			4,334
Deferred revenue and other	169			201
Operating loss carryforwards	96,067			100,227
Tax credit carryforwards	19,787			15,987
Basis difference related to intangible assets with a definite life	16,617			15,557
Other	(162		)	435
Total deferred tax assets	171,327			173,218
Valuation allowance for deferred tax assets	(164,616		)	(165,427		)
Deferred tax assets, net of valuation allowance	$	6,711		$	7,791
Deferred tax liabilities:
Prepaid expenses	(868		)	(1,368		)
Basis difference related to intangible assets with an indefinite life	(33,974		)	(34,065		)
Total deferred tax liabilities	(34,842		)	(35,433		)
Net deferred tax liabilities	$	(28,131	)	$	(27,642	)
Net deferred tax assets (liabilities) are shown on the accompanying consolidated balance sheets as follows:
Current deferred tax assets	$	—		$	5,081
Non-current deferred tax assets	6,962			2,346
Current deferred tax liabilities	—			(26		)
Non-current deferred tax liabilities	(35,093		)	(35,043		)
Net deferred tax liabilities	$	(28,131	)	$	(27,642	)

The change in net deferred taxes in 2015 of $489,000 is comprised of a net deferred expense of $26,000 related to the change in the basis difference of intangible assets with an indefinite life, a net deferred expense of $121,000 related to foreign and separate state jurisdictions for which no valuation allowance has been provided, and an expense of $342,000 related to foreign currency translation adjustments.

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 the loss and credit carry forwards listed above, 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.

In 2011, the Company established a valuation allowance against its U.S. deferred tax assets and discontinued recognizing income tax benefits related to its U.S. net operating losses. At December 31, 2015 and 2014, the valuation allowance against the Company’s U.S. deferred tax assets was $164,616,000 and $165,427,000, respectively. If sufficient positive evidence arises in the future, such as a sustained return to profitability, any existing valuation allowance could be reversed as appropriate, decreasing income tax expense and creating a significant one-time non-cash tax benefit in the period that such conclusion is reached. Prospectively, the Company would then report an effective U.S. income tax rate that is closer to its statutory rates.

The Company's valuation allowance does not preclude the Company from using net operating loss carry forwards or other deferred tax assets in the future, except as described below. Until the Company re-establishes a pattern of continuing profitability, in accordance with the applicable accounting guidance, U.S. income tax expense or benefit related to the recognition of deferred tax assets in the consolidated statement of operations for future periods will be offset by decreases or increases in the valuation allowance with no net effect on the consolidated statement of operations.

The Company has concluded that with respect to non-U.S. entities, there is 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.

At December 31, 2015, the Company had federal and state income tax credit carryforwards of $15,136,000 and $11,994,000, respectively, which will expire at various dates beginning in 2020. Such credit carryforwards expire as follows (in thousands):



U.S. foreign tax credit	$	8,983	2020 - 2025
U.S. research tax credit	$	6,135	2030 - 2035
U.S. business tax credits	$	18	2030 - 2035
State investment tax credits	$	795	Do not expire
State research tax credits	$	11,199	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	$	244,923	2031 - 2035
State loss carryforwards	$	172,259	2015 - 2035

Although the Company has set up a valuation allowance against the majority of its U.S. federal and state deferred tax assets, which include net operating loss carry forwards, other losses and credit carryforwards, such allowance does not preclude the Company from using the deferred tax assets in the future. However, 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, 2015.

A reconciliation of the effective tax rate on income or loss and the statutory tax rate is as follows:



	Years Ended December 31,
	2015		2014		2013
Statutory U.S. tax rate	35.0	%	35.0	%	35.0	%
State income taxes, net of U.S. tax benefit	3.5	%	1.9	%	0.9	%
Federal and State tax credits, net of U.S. tax benefit	(11.5	)%	(9.8	)%	22.6	%
Foreign income taxed at other than U.S. statutory rate	(2.4	)%	(13.4	)%	(5.1	)%
Effect of foreign rate changes	0.9	%	1.3	%	(4.2	)%
Foreign tax credit	(12.0	)%	(13.5	)%	9.4	%
Basis differences of intangibles with an indefinite life	0.1	%	0.1	%	(4.1	)%
Change in deferred tax valuation allowance	0.3	%	35.3	%	(76.8	)%
Accrual for interest and income taxes related to uncertain tax positions	(0.3	)%	(7.3	)%	(0.1	)%
Income (loss) from flowthrough entities	(2.0	)%	(1.9	)%	1.3	%
Meals and entertainment	3.4	%	3.3	%	(7.2	)%
Group loss relief	(3.7	)%	(2.6	)%	4.9	%
Stock option compensation	(1.9	)%	2.3	%	(6.9	)%
Foreign dividends and earnings inclusion	7.1	%	(0.9	)%	(6.8	)%
Foreign tax withholding	1.4	%	2.4	%	(1.5	)%
Executive compensation limitation	4.3	%	—	%	—	%
Other	5.2	%	(6.2	)%	(3.4	)%
Effective tax rate	27.4	%	26.0	%	(42.0	)%

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):



	2015			2014			2013
Balance at January 1	$	6,559		$	11,851		$	7,064
Additions based on tax positions related to the current year	1,120			638			4,853
Additions for tax positions of prior years	132			121			545
Reductions for tax positions of prior years	(255		)	(3,691		)	(538		)
Settlement of tax audits	—			(258		)	—
Reductions due to lapsed statute of limitations	(466		)	(2,102		)	(73		)
Balance at December 31	$	7,090		$	6,559		$	11,851

As of December 31, 2015, the gross liability for income taxes associated with uncertain tax benefits was $7,090,000. This liability could be reduced by $1,368,000 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 $4,674,000 of deferred taxes. The net amount of $1,048,000, if recognized, would affect the Company’s financial statements and favorably affect the Company’s effective income tax rate.

The Company does expect changes to the unrecognized tax benefits in the next 12 months; however, the Company does not expect the changes 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 tax benefits of approximately $2,000 and $101,000 for the years ended December 31, 2015 and 2014, respectively, and a tax expense of approximately $229,000 for the year ended December 31, 2013, related to interest and penalties in the provision for income taxes. As of December 31, 2015 and 2014, the gross amount of accrued interest and penalties included in income taxes payable in the accompanying consolidated balance sheets was $1,060,000 and $1,062,000, 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
Canada	2009 and prior
Japan	2008 and prior
South Korea	2009 and prior
United Kingdom	2011 and prior

As of December 31, 2015, the Company did not provide for United States income taxes or foreign withholding taxes on a cumulative total of $111,953,000 of undistributed earnings from certain non-U.S. subsidiaries that will be permanently reinvested outside the United States. Upon remittance, certain foreign countries impose withholding taxes, subject to certain limitations, for use as credits against the Company’s U.S. tax liability, if any. If the foreign earnings were remitted, the Company does not anticipate a material impact to the Company's federal or state income taxes due to the Company's available net operating losses and credits. The Company estimates that it would have withholding taxes of $1,125,000 upon remittance.

In 2015 and 2014, the Company ceased its business operations in Thailand and Malaysia, respectively, and accordingly, the Company no longer maintains a permanent reinvestment assertion with respect to these two entities. The Company intends to repatriate the undistributed earnings from these two entities to the United States at the time that the winding-down process has been completed. As of December 31, 2015, the Company has accrued for the estimated incremental U.S. income taxes related to reversing its permanent indefinite reinvestment assertion. However, these incremental U.S. income taxes are expected to be offset by the utilization of the Company's cumulative U.S. net operating losses incurred through December 31, 2015.

Commitments and Contingencies

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 10. 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 upon 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. Management believes that the final resolution of the current matters pending against the Company, individually and in the aggregate, will not have a material adverse effect upon the Company’s consolidated financial position. The Company’s results of operations or cash flows, however, could be materially affected in any particular period by the unfavorable resolution of one or more of these contingencies.

Lease Commitments

The Company leases certain warehouse, distribution and office facilities, vehicles and office equipment under operating leases, and certain office equipment under capital leases. Lease terms range from one to ten years expiring at various dates through December 2025, with options to renew operating leases at varying terms. Commitments for minimum lease payments under non-cancelable operating and capital leases as of December 31, 2015 are as follows (in thousands):



	Operating Leases		Capital Leases
2016	$	7,612	$	237
2017	5,841		171
2018	3,048		177
2019	2,082		46
2020	1,779		—
Thereafter	1,857		—
	$	22,219	$	631

Rent expense for the Company’s operating lease commitments for the years ended December 31, 2015, 2014 and 2013 was $13,245,000, $12,479,000 and $13,686,000, respectively. At December 31, 2015, the minimum rental payments under capital leases totaled $631,000. Minimum rental payments under operating leases with initial or remaining terms of one year or more totaled $22,219,000, net of sublease receipts of $2,369,000 at December 31, 2015.

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, endorsement agreements with professional golfers 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. As of December 31, 2015, 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 under these agreements is $43,317,000 over the next four years. 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. Future purchase commitments as of December 31, 2015, are as follows (in thousands):



2016	$	40,168
2017	1,885
2018	816
2019	448
	$	43,317

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 $1,030,000 as of December 31, 2015.

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 financial condition. The fair value of indemnities, commitments and guarantees that the Company issued during and as of the year ended December 31, 2015 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.

Non-Controlling Interests	12 Months Ended
Non-Controlling Interests	Dec. 31, 2015
Noncontrolling Interest [Abstract]
Non-Controlling Interests	Note 11. Non-Controlling Interests In July 2013, the Company terminated its Golf Ball Manufacturing and Supply Agreement and certain ancillary agreements with Qingdao Suntech Sporting Goods Limited Company ("Suntech"). As a result, during the year ended December 31, 2013, the Company recognized charges of $5,579,000, the majority of which were related to the write-off of certain manufacturing equipment and inventory located at the Suntech manufacturing facility, and were recognized in cost of sales within the Company's golf balls operating segment. Due to the nature of the arrangement, as well as the controlling influence the Company had in the Suntech operations through July 2013, the Company was required to consolidate the financial results of Suntech in its consolidated financial statements in accordance with ASC Topic 810, “Consolidations.” The Company deconsolidated the financial results of Suntech in 2013 as a result of its termination of the Golf Ball Manufacturing Supply Agreement.

Capital Stock	12 Months Ended
Capital Stock	Dec. 31, 2015
Equity [Abstract]
Capital Stock	Note 12. Capital Stock Common Stock and Preferred Stock As of December 31, 2015, 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. Shareholders entitled to vote for the election of directors are entitled to vote cumulatively for one or more nominees. Treasury Stock and Stock Repurchases In August 2014, the Company's Board of Directors authorized a $50,000,000 share 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. The repurchases will be made consistent with the terms of the Company's credit facility which defines the amount of stock that can be repurchased. The repurchase program will remain in effect until completed or until terminated by the Board of Directors. During 2015, the Company repurchased approximately 217,000 shares of its common stock under the 2014 repurchase program at an average cost per share of $9.03, for a total cost of $1,960,000. The Company’s repurchases of shares of common stock are recorded at cost and result in a reduction of shareholders’ equity. As of December 31, 2015, the total amount remaining under the repurchase authorization was $47,027,000. In November 2013, the Company redeemed the final 300 shares of its Series B Cumulative Perpetual Convertible Preferred Stock for cash (see Note 4).

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Paragraph 1
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
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Reference 16: http://www.xbrl.org/2003/role/presentationRef
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Reference 17: http://www.xbrl.org/2003/role/presentationRef
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Reference 18: http://www.xbrl.org/2003/role/presentationRef
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Reference 19: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Share-Based Employee Compensation

12 Months Ended

Dec. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-Based Employee Compensation

Note 13. 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. 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.

The Company uses the alternative transition method for calculating the tax effects of share-based compensation pursuant to ASC Topic 718. The alternative transition method includes simplified methods to establish the beginning balance of the additional paid-in capital pool (“APIC Pool”) related to the tax effects of employee share-based compensation, and to determine the subsequent impact on the APIC Pool and consolidated statements of cash flows of the tax effects of employee and director share-based awards that were outstanding upon adoption of ASC Topic 718.

Stock Plans

As of December 31, 2015, 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 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 24,000,000.

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, 2015:



	Authorized	Available	Outstanding⁽¹⁾
	(In thousands)
2004 Incentive Plan	24,000	6,915	4,782
2013 Directors Plan	1,000	852	99
Total	25,000	7,767	4,881


(1)	Includes accrued incremental dividend equivalent rights on outstanding shares underlying restricted stock units granted under the 2004 Incentive Plan and 2013 Directors Plan.

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 recorded $1,396,000, $1,907,000 and $1,839,000 of compensation expense relating to outstanding stock options for the years ended December 31, 2015, 2014 and 2013, respectively.

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. The Company did not grant stock options during the years ended December 31, 2015 and 2014. For the year ended December 31, 2015, 2014 and 2013, the weighted average estimated forfeiture rate used was 6.2%, 6.5% and 6.6%, respectively.

The table below summarizes the average fair value assumptions used in the valuation of stock options granted during the year ended December 31, 2013.



	2013
Dividend yield	0.6	%
Expected volatility	48.8	%
Risk-free interest rate	0.7	%
Expected life	4.3 years

The Company uses forecasted dividends to estimate the expected dividend yield. The expected volatility is based on the historical volatility of the Company’s stock. The risk-free interest rate is based on the U.S. Treasury yield curve at the date of grant with maturity dates approximately equal to the expected term of the options at the date of the grant. The expected life of the Company’s options is based on evaluations of historical employee exercise behavior, forfeitures, cancellations and other factors. The valuation model applied in this calculation utilizes highly subjective assumptions that could potentially change over time. Changes in the subjective input assumptions can materially affect the fair value estimates of an option. Furthermore, the estimated fair value of an option does not necessarily represent the value that will ultimately be realized by the employee holding the option.

The following table summarizes the Company’s stock option activities for the year ended December 31, 2015 (in thousands, except price per share and contractual term):



Options	Number of Shares		Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at January 1, 2015	3,659		$	8.59
Granted	—		$	—
Exercised	(914	)	$	7.18
Forfeited	—		$	—
Expired	(320	)	$	12.88
Outstanding at December 31, 2015	2,425		$	8.55	4.93	$	4,889
Vested and expected to vest in the future at December 31, 2015	2,420		$	8.55	4.92	$	4,874
Exercisable at December 31, 2015	1,897		$	9.11	4.92	$	3,370

The weighted-average grant-date fair value of options granted during the year ended December 31, 2013 was $2.47. There were no stock options granted during 2015 or 2014.

At December 31, 2015, there was $187,000 of total unrecognized compensation expense related to options granted to employees under the Company’s share-based payment plans. That cost is expected to be recognized over a weighted-average period of 0.2 years. The amount of unrecognized compensation expense noted above does not necessarily represent the amount that will ultimately be realized by the Company in its consolidated statement of operations.

The total intrinsic value for options exercised during the years ended December 31, 2015, 2014 and 2013 was $2,151,000, $569,000 and $243,000, respectively. Cash received from the exercise of stock options for the years ended December 31, 2015, 2014 and 2013 was $6,565,000, $2,291,000 and $1,652,000, respectively.

Restricted Stock Units

Restricted stock units awarded under the 2004 Incentive Plan and the 2013 Directors Plan are recorded at the Company’s closing stock price on the date of grant. Restricted stock units generally vest over a three-year period. At December 31, 2015, 2014 and 2013, the weighted average grant-date fair value of restricted stock units granted was $8.33, $8.21 and $6.55, respectively. The Company recorded $3,539,000, $2,530,000 and $1,694,000 of compensation expense related to restricted stock units in 2015, 2014 and 2013, respectively.

The table below is a roll-forward of the activity for restricted stock units during the 12 months ended December 31, 2015 (in thousands, except fair value amounts):



Restricted Stock Units	Units		Weighted- Average Grant-Date Fair Value
Nonvested at January 1, 2015	1,223		$	7.07
Granted	564		8.33
Vested	(470	)	6.56
Forfeited	(49	)	8.15
Nonvested at December 31, 2015	1,268		$	7.77

At December 31, 2015, there was $4,563,000 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 1.24 years.

Performance Share Units

Performance share units awarded under the 2004 Incentive Plan are stock-based awards in which the number of shares ultimately received depends on the Company's performance against specified financial goals are measured over a designated performance period from the date of grant. These performance goals were established by the Company at the beginning of the performance period. At the end of the performance period, the number of shares of stock that could be issued is fixed based upon the degree of achievement of the performance goals. The number of shares that could be issued can range from 50% to 150% of the participant's target award. Performance share units are initially valued at the Company's closing stock price on the date of grant. Compensation expense is recognized over the vesting period and is reduced by an estimate for forfeitures, and will vary based on remeasurements during the performance period. If the performance goals are not probable of achievement during the performance period, compensation expense would be reversed. The awards are forfeited if the performance goals are not achieved as of the end of the performance period. The performance units vest in full at the end of a three year period.

The Company granted 510,000 and 453,000 performance share units during the years ended December 31, 2015 and 2014, respectively, at a weighted average grant-date fair value of $7.96 and $8.20 per share, respectively. Based on the Company's performance in 2015 and 2014, the participants earned 130.0% and 131.5% of the target award, respectively. The Company did not grant performance share units during the year ended December 31, 2013. During the year ended December 31, 2015, the Company recognized total compensation expense, net of estimated forfeitures, of $2,607,000 for performance share units. At December 31, 2015, the unamortized compensation expense related to these awards was $5,509,000, which is expected to be recognized over a weighted-average period of 1.65 years.

The table below is a roll-forward of the activity for performance share units during the 12 months ended December 31, 2015 (in thousands, except fair value amounts):



Performance Share Units	Units		Weighted- Average Grant-Date Fair Value
Nonvested at January 1, 2015	453		$	8.20
Granted	510		7.96
Vested	—		—
Forfeited	(63	)	8.14
Nonvested at December 31, 2015	900		$	8.07

Phantom Stock Units

Phantom stock units awarded under the 2004 Incentive Plan are a form of share-based award that are indexed to the Company’s stock and are settled in cash. Because phantom stock units are settled in cash, compensation expense recognized over the vesting period will vary based on changes in fair value. Fair value is remeasured at the end of each interim reporting period based on the closing price of the Company’s stock. All of the previously granted phantom stock units were fully vested as of December 31, 2015.

There were no phantom stock units granted in the years ended December 31, 2015, 2014 or 2013.

The table below is a roll-forward of the activity for phantom stock units during the 12 months ended December 31, 2015 (in thousands, except fair value amounts):



Phantom Stock Units	Units		Weighted- Average Grant-Date Fair Value
Nonvested at January 1, 2015	264		$	6.25
Granted	—		—
Vested	(264	)	6.25
Forfeited	—		—
Nonvested at December 31, 2015	—		$	—

In connection with these awards, the Company recognized compensation expense of $390,000, $649,000 and $1,635,000 for the years ended December 31, 2015, 2014 and 2013, respectively. At December 31, 2014, the Company accrued compensation expense of $1,898,000, which was included in accrued employee compensation and benefits in the accompanying consolidated balance sheets. There were no outstanding phantom stock units as of December 31, 2015.

Stock Appreciation Rights

Cash settled stock appreciation rights ("SARs") granted under the 2004 Incentive Plan are valued using the Black-Scholes option-pricing model on the date of grant. SARs are subsequently remeasured at each interim reporting period based on a revised Black-Scholes value until they are exercised. SARs vest over a three year period. As of December 31, 2015, the remaining SARs outstanding were fully vested.

As of December 31, 2015 and 2013, the Company recognized $3,288,000 and $3,016,000 in compensation expense, respectively, related to these awards, and reversed $1,062,000 in compensation expense related to these awards as of December 31, 2014. At December 31, 2015 and 2014, the Company accrued compensation expense of $1,460,000 and $3,990,000, respectively, which was included in accrued employee compensation and benefits in the accompanying consolidated balance sheets.

The table below summarizes the total number of SARs granted to employees during the year ended December 31, 2015 (in thousands):



Stock Appreciation Rights	Units		Weighted- Average Exercise Price Per Share
Nonvested and Outstanding at January 1, 2015	2,372		$	6.39
Granted	—		—
Exercised	(1,874	)	6.35
Forfeited	—		—
Outstanding at December 31, 2015	498		$	6.51

Share-Based Compensation Expense

The table below summarizes the amounts recognized in the financial statements for the years ended December 31, 2015, 2014 and 2013 for share-based compensation, including expense for stock options, restricted stock units, performance share units, phantom stock units and cash settled stock appreciation rights (in thousands):



	2015		2014		2013
Cost of sales	$	754	$	240	$	473
Operating expenses	10,466		5,087		7,711
Total cost of employee share-based compensation included in income (loss) before income tax	$	11,220	$	5,327	$	8,184

Employee Benefit Plans	12 Months Ended
Employee Benefit Plans	Dec. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plans	Note 14. 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 the Company is obligated to contribute annually an amount equal to 50% of the participant’s contributions up to 6% of their eligible annual compensation. For the years ended December 31, 2015, 2014 and 2013 there were no discretionary contributions. 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 $1,744,000, $1,687,000 and $1,589,000 during 2015, 2014 and 2013, respectively. Additionally, the Company can make discretionary contributions based on the profitability of the Company.

Fair Value of Financial Instruments

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Note 15. 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 (see Note 16) that are measured at fair value on a recurring basis as of December 31, 2015 and 2014 (in thousands):



	Fair Value			Level 1		Level 2			Level 3
2015
Foreign currency forward contracts —asset position	$	680		$	—	$	680		$	—
Foreign currency forward contracts —liability position	(342		)	—		(342		)	—
	$	338		$	—	$	338		$	—
2014
Foreign currency forward contracts —asset position	$	40		$	—	$	40		$	—
Foreign currency forward contracts —liability position	(246		)	—		(246		)	—
	$	(206	)	$	—	$	(206	)	$	—

The fair value of the Company’s foreign currency forward contracts is based on observable inputs that are corroborated by market data. Gains and losses from the remeasurement of qualifying hedges are recorded as a component of other comprehensive income and released into earnings as a component of cost of goods sold during the period in which the hedged transaction takes place. Gains and losses on the ineffective portion of hedges (hedges that do not meet accounting requirements due to ineffectiveness) and derivatives that are not elected for hedge accounting treatment are immediately recorded in earnings as a component of other income (expense).

Nonrecurring Fair Value Measurements

The Company measures certain assets at fair value on a nonrecurring basis at least annually or when certain indicators are present. These assets include long-lived assets, goodwill and non-amortizing intangible assets that are written down to fair value when they are held for sale or determined to be impaired. In 2015, 2014 and 2013, the Company did not recognize any impairment losses on these assets.

Disclosures about the Fair Value of Financial Instruments

The carrying values of cash and cash equivalents, accounts receivable, trade payables and accrued expenses at December 31, 2015 and 2014 are reasonable estimates of fair value due to the short-term nature of these balances and are therefore classified as Level 1. The table below illustrates information about fair value relating to the Company’s financial assets and liabilities that are recognized on the accompanying consolidated balance sheets as of December 31, 2015 and 2014, as well as the fair value of contingent contracts that represent financial instruments (in thousands):



	December 31, 2015				December 31, 2014
	Carrying Value		Fair Value		Carrying Value		Fair Value
Convertible notes⁽¹⁾	$	—	$	—	$	108,574	$	126,222
ABL Facility⁽²⁾	$	—	$	—	$	15,235	$	15,235
Japan ABL Facility⁽²⁾	$	14,969	$	14,969	$	—	$	—
Standby letters of credit⁽³⁾	$	1,030	$	1,030	$	1,142	$	1,142

(1) In 2015, the convertible notes were eliminated pursuant to certain exchange transactions and shareholder conversions, which resulted, among other things, in the issuance of shares of the Company's common stock (see Note 3). The carrying value of the convertible notes at December 31, 2014 is net of the unamortized discount of $3,926,000. The fair value of the convertible notes was determined based on secondary quoted market prices, and as such is classified as Level 2 in the fair value hierarchy.

(2) The carrying value of amounts outstanding under the Company's ABL Facility and Japan ABL Facility approximates the fair value due to the short term nature of this obligation. The fair value of this debt is categorized within Level 2 of the fair value hierarchy. See Note 3 for information on the ABL Facility, including certain risks and uncertainties.

(3) The carrying value of the Company's standby letters of credit approximates the fair value as they represent the Company’s contingent obligation to perform in accordance with the underlying contracts. There were no amounts outstanding under these letters of credit at December 31, 2015 or 2014. The fair value of this contingent obligation is categorized within Level 2 of the fair value hierarchy.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Derivatives and Hedging

12 Months Ended

Dec. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives and Hedging

Note 16. Derivatives and Hedging

In the normal course of business, the Company is exposed to gains and losses resulting from fluctuations in foreign currency exchange rates relating to transactions of its international subsidiaries. As part of its strategy to manage the level of exposure to the risk of fluctuations in foreign currency exchange rates, the Company uses designated cash flow hedges and non-designated hedges in the form of foreign currency forward contracts to mitigate the impact of foreign currency translation on transactions that are denominated primarily in Japanese Yen, British Pounds, Euros, Canadian Dollars, Australian Dollars and Korean Won.

The Company accounts for its foreign currency forward contracts in accordance with ASC Topic 815. ASC Topic 815 requires the recognition of all derivatives instruments as either assets or liabilities on the balance sheet, the measurement of those instruments at fair value and the recognition of changes in the fair value of derivatives in earnings in the period of change, unless the derivative qualifies as a designated cash flow hedge that offsets certain exposures. Certain criteria must be satisfied in order for derivative financial instruments to be classified and accounted for as a cash flow hedge. Gains and losses from the remeasurement of qualifying hedges are recorded as a component of other comprehensive income and released into earnings as a component of cost of goods sold or net sales during the period in which the hedged transaction takes place. Gains and losses on the ineffective portion of hedges (hedges that do not meet accounting requirements due to ineffectiveness) and derivatives that are not elected for hedge accounting treatment are immediately recorded in earnings as a component of other income (expense).

Foreign currency forward contracts are used only to meet the Company’s objectives of minimizing variability in the Company’s operating results arising from foreign exchange rate movements. The Company does not enter into foreign currency forward contracts for speculative purposes. The Company utilizes counterparties for its derivative instruments that it believes are credit-worthy at the time the transactions are entered into and the Company closely monitors the credit ratings of these counterparties.

The following table summarizes the fair value of the Company's foreign currency forward contracts as well as the location of the asset and/or liability on the consolidated balance sheets at December 31, 2015 and 2014 (in thousands):



	Asset Derivatives
	December 31, 2015			December 31, 2014
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as cash flow hedging instruments:
Foreign currency forward contracts	Other current assets	$	520	Other current assets	$	—

Derivatives not designated as hedging instruments:
Foreign currency forward contracts	Other current assets	$	160	Other current assets	$	40



	Liability Derivatives
	December 31, 2015			December 31, 2014
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as cash flow hedging instruments:
Foreign currency forward contracts	Accounts payable and accrued expenses	$	296	Accounts payable and accrued expenses	$	—

Derivatives not designated as hedging instruments:
Foreign currency forward contracts	Accounts payable and accrued expenses	$	46	Accounts payable and accrued expenses	$	246

Cash Flow Hedging Instruments

In January 2015, the Company entered into foreign currency forward contracts designated as qualifying cash flow hedges to help mitigate the Company's foreign currency exposure on intercompany sales of inventory to its foreign subsidiaries. These contracts generally mature within 12 to 15 months from their inception. At December 31, 2015, the notional amount of the Company's foreign currency forward contracts designated as cash flow hedge instruments was approximately $55,938,000. The Company did not enter into cash flow hedging contracts in 2014. The reporting of gains and losses on these cash flow hedging instruments depends on whether the gains or losses are effective at offsetting changes in the cash flows of the underlying hedged items. The Company uses the hypothetical derivative method to measure the effectiveness of the foreign currency forward contracts and evaluates the effectiveness on a quarterly basis. The effective portion of the gains and losses on the hedging instruments are recorded in other comprehensive income until recognized in earnings during the period that the hedged transactions take place. Any ineffective portion of the gains and losses from the hedging instruments is recognized in earnings immediately. The Company would discontinue hedge accounting prospectively if (i) 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 15).

As of December 31, 2015, the Company recorded a net gain of $2,316,000 in other comprehensive income (loss) related to its hedging activities. Of this amount, $1,791,000 was relieved from other comprehensive income (loss) and recognized in cost of goods sold for the underlying intercompany sales that were recognized during 2015. In addition, the Company recognized $1,149,000 in other income (expense) as a result of hedge ineffectiveness, of which $576,000 was reclassified from other comprehensive income for hedges that no longer met the accounting requirements. Forward points were expensed as incurred. Based on the current valuation, the Company expects to reclassify net gains of $525,000 from accumulated other comprehensive income (loss) into net earnings during the next 12 months.

The following tables summarize the net effect of all cash flow hedges on the consolidated financial statements for the year ended December 31, 2015 (in thousands):



	Net Gain Recognized in Other Comprehensive Income (Loss) (Effective Portion)
	Year Ended December 31,
Derivatives designated as cash flow hedging instruments	2015		2014
Foreign currency forward contracts	$	2,316	$	—



	Net Gain Reclassified from Other Comprehensive Income (Loss) into Earnings (Effective Portion)
	Year Ended December 31,
Derivatives designated as cash flow hedging instruments	2015		2014
Foreign currency forward contracts	$	1,791	$	—



	Net Gain Recognized in Other Income (Expense) (Ineffective Portion)
	Year Ended December 31,
Derivatives designated as cash flow hedging instruments	2015		2014
Foreign currency forward contracts	$	1,149	$	—

The following table details the amounts reclassified from accumulated other comprehensive loss to cost of goods sold, as well as changes in foreign currency translation for the year ended December 31, 2015 (in thousands). Amounts shown do not include any tax effect due to the valuation allowance on the Company's deferred taxes in the United States (see Note 9).



Beginning balance, December 31, 2014	$	(796	)
Change in fair value of derivative instruments	2,892
Amounts reclassified from accumulated other comprehensive loss to other income (expense) due to hedge instrument ineffectiveness	(576		)
Amounts reclassified from accumulated other comprehensive income to cost of goods sold	(1,791		)
Foreign currency translation adjustments	(11,542		)
Ending balance, December 31, 2015	$	(11,813	)

Foreign Currency Forward Contracts Not Designated as Hedging Instruments

At December 31, 2015, 2014 and 2013, the notional amounts of the Company’s foreign currency forward contracts used to mitigate the exposures discussed above were approximately $43,098,000, $62,866,000 and $42,264,000, respectively. The increase in foreign currency forward contracts reflects the general timing of when the Company enters into these contracts. The Company estimates the fair values of foreign currency forward contracts based on pricing models using current market rates, and records all derivatives on the balance sheet at fair value with changes in fair value recorded in the statement of operations. The foreign currency contracts are classified under Level 2 of the fair value hierarchy (see Note 15).

The following table summarizes the location of gains and losses on the consolidated statements of operations that were recognized during the years ended December 31, 2015, 2014 and 2013, respectively, in addition to the derivative contract type (in thousands):



		Amount of Gain Recognized in Income on Derivative Instruments
Derivatives not designated as hedging instruments	Location of gain recognized in income on derivative instruments	Years Ended December 31,
Derivatives not designated as hedging instruments		2015		2014		2013
Foreign currency forward contracts	Other income (expense), net	$	1,322	$	6,356	$	6,764

In addition, during the years ended December 31, 2015, 2014 and 2013, the Company recognized net foreign currency losses of $1,611,000, $6,198,000 and $821,000, respectively, related to transactions with foreign subsidiaries.

- Definition

The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Restructuring Initiatives

12 Months Ended

Dec. 31, 2015

Restructuring and Related Activities [Abstract]

Restructuring Initiatives

Note 17. Restructuring Initiatives

Cost Reduction Initiatives

In December 2013, the Company completed its cost reduction initiatives that were announced in July 2012 (the “Cost Reduction Initiatives”), which streamlined and simplified the Company’s organizational structure and changed the manner in which the Company approaches and operates its business.

During the year ended December 31, 2013, the Company recognized total cash and non-cash charges of $16,556,000 in connection with these initiatives. Amounts recognized in cost of sales, operating expenses and other income (expense) totaled $11,149,000, $4,719,000 and $688,000, respectively, during the year ended December 31, 2013. Non-cash charges recognized during 2013 included lower of cost or market adjustments to inventory as well as inventory write-offs related to the Company's golf apparel, golf footwear and GPS device businesses. In the aggregate through December 31, 2013, the Company recognized total charges of approximately $70,600,000 in connection with these initiatives, of which approximately two-thirds were non-cash charges. The Company did not recognize any charges in connection with the Cost Reduction Initiatives during the years ended December 31, 2015 or 2014. See Note 18 for charges absorbed by the Company’s operating segments.

The table below depicts the activity and liability balances recorded relating to the Cost Reduction Initiatives during the years ended December 31, 2014, and 2013. Amounts payable as of December 31, 2013 are included in accrued employee compensation and benefits and accounts payable and accrued expenses in the accompanying consolidated balance sheets. There were no amounts payable as of December 31, 2014.



	Cost Reduction Initiatives
(In thousands)	Workforce Reductions			Transition Costs			Asset Write-offs			Total
Restructuring payable balance, December 31, 2012	$	4,531		$	591		$	—		$	5,122
Charges to cost and expense⁽¹⁾	2,977			8,777			4,802			16,556
Non-cash items	—			(5,130		)	(4,802		)	(9,932		)
Cash payments	(6,702		)	(1,737		)	—			(8,439		)
Restructuring payable balance, December 31, 2013	$	806		$	2,501		$	—		$	3,307
Cash payments	$	(806	)	$	(2,501	)	$	—		$	(3,307	)
Restructuring payable balance, December 31, 2014	$	—		$	—		$	—		$	—

(1) The pre-tax charges for the year ended December 31, 2013 included the following:


•	$2,977,000 in continued costs associated with workforce reductions, in addition to $4,459,000 in other transition costs;


•	$5,579,000 for the write-off of assets and exit costs associated with the reorganization of golf ball manufacturing (see Note 11); and


•	$3,541,000 associated with the transition of the Company's golf apparel, golf footwear and integrated device businesses in the United States and Europe to a third-party licensing arrangement.

Segment Information

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment Information

Note 18. Segment Information

The Company has two operating segments that are organized on the basis of products, namely the golf clubs segment and golf balls segment. The golf clubs segment consists of Callaway Golf woods, hybrids, irons and wedges and Odyssey putters. This segment also includes golf apparel and footwear, golf bags, golf gloves, travel gear, headwear and other golf-related accessories, in addition to royalties from licensing of the Company’s trademarks and service marks and sales of pre-owned golf clubs. The golf balls segment consists of Callaway Golf and Strata balls that are designed, manufactured and sold by the Company. There are no significant intersegment transactions.

The table below contains information utilized by management to evaluate its operating segments.



	Years Ended December 31,
	2015			2014			2013
	(In thousands)
Net sales:
Golf Clubs	$	700,649		$	749,956		$	711,697
Golf Balls	143,145			136,989			131,104
	$	843,794		$	886,945		$	842,801
Income (loss) before income tax:
Golf Clubs⁽¹⁾	$	52,999		$	50,891		$	32,738
Golf Balls⁽¹⁾	17,724			15,222			(3,472		)
Reconciling items⁽²⁾	(50,660		)	(44,474		)	(42,588		)
	$	20,063		$	21,639		$	(13,322	)
Identifiable assets:⁽³⁾
Golf Clubs	$	316,079		$	316,710		$	374,473
Golf Balls	37,394			37,445			49,261
Reconciling items⁽³⁾	277,751			270,656			240,129
	$	631,224		$	624,811		$	663,863
Additions to long-lived assets:
Golf Clubs	$	14,111		$	9,425		$	13,250
Golf Balls	2,154			327			1,163
	$	16,265		$	9,752		$	14,413
Goodwill:
Golf Clubs	$	26,500		$	27,821		$	29,212
Golf Balls	—			—			—
	$	26,500		$	27,821		$	29,212
Depreciation and amortization:
Golf Clubs	$	13,084		$	18,505		$	21,019
Golf Balls	4,295			2,731			4,524
	$	17,379		$	21,236		$	25,543


(1)	The tables below includes total charges absorbed by the Company’s operating segments from the Cost Reduction Initiatives discussed in Note 17 (in thousands):



	Year Ended December 31, 2013
	Golf Clubs		Golf Balls		Corporate G&A			Total
Cost Reduction Initiatives	$	6,395	$	6,973		$	3,188	$	16,556

(2)

Reconciling items represent the deduction of corporate general and administration expenses and other income (expenses), which are not utilized by management in determining segment profitability. The $6,186,000 increase in reconciling items in 2015 compared to 2014 includes increases in employee costs and professional fees, partially offset by a decrease in legal expenses combined with an increase in net foreign currency gains.


(3)	Identifiable assets are comprised of net inventory, certain property, plant and equipment, intangible assets and goodwill. Reconciling items represent unallocated corporate assets not segregated between the two segments.

The Company’s net sales by product category are as follows:



	Years Ended December 31,
	2015		2014		2013
	(In thousands)
Net sales:
Woods	$	222,193	$	269,468	$	249,809
Irons	205,522		200,174		178,771
Putters	86,293		81,161		87,787
Golf Balls	143,145		136,989		131,104
Accessories and Other	186,641		199,153		195,330
	$	843,794	$	886,945	$	842,801

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 (excluding deferred tax assets)
	(In thousands)
2015
United States	$	446,474	$	205,952
Europe	125,116		8,414
Japan	138,031		4,445
Rest of Asia	70,315		2,868
Other foreign countries	63,858		11,096
	$	843,794	$	232,775
2014
United States	$	421,773	$	210,152
Europe	134,401		7,070
Japan	166,162		4,873
Rest of Asia	89,603		2,936
Other foreign countries	75,006		13,402
	$	886,945	$	238,433
2013
United States	$	401,478	$	206,111
Europe	121,477		7,905
Japan	161,598		6,491
Rest of Asia	84,073		3,627
Other foreign countries	74,175		15,827
	$	842,801	$	239,961

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Transactions with Related Parties	12 Months Ended
Transactions with Related Parties	Dec. 31, 2015
Related Party Transactions [Abstract]
Transactions with Related Parties	Note 19. 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 2015, the Company recognized charitable contribution expense of $1,000,000 for the Foundation. During 2014 and 2013, the Company did not make any contributions to the Foundation.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details

Summarized Quarterly Data (Unaudited)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Summarized Quarterly Data (Unaudited)

Note 20. Summarized Quarterly Data (Unaudited)



	Fiscal Year 2015 Quarters
	1st		2nd		3rd			4th			Total
	(In thousands, except per share data)
Net sales	$	284,179	$	230,504	$	175,780		$	153,331		$	843,794
Gross profit	$	127,266	$	101,697	$	77,602		$	51,068		$	357,633
Net income (loss)	$	35,819	$	12,818	$	(3,617	)	$	(30,452	)	$	14,568
Net income (loss) allocable to common shareholders	$	35,819	$	12,818	$	(3,617	)	$	(30,452	)	$	14,568
Earnings (loss) per common share⁽¹⁾
Basic	$	0.46	$	0.16	$	(0.04	)	$	(0.33	)	$	0.18
Diluted	$	0.39	$	0.15	$	(0.04	)	$	(0.33	)	$	0.17



	Fiscal Year 2014 Quarters
	1st		2nd		3rd			4th			Total
	(In thousands, except per share data)
Net sales	$	351,874	$	231,893	$	168,572		$	134,606		$	886,945
Gross profit	$	164,897	$	90,806	$	65,307		$	36,916		$	357,926
Net income (loss)	$	55,312	$	3,369	$	(1,134	)	$	(41,539	)	$	16,008
Net income (loss) allocable to common shareholders	$	55,312	$	3,369	$	(1,134	)	$	(41,539	)	$	16,008
Earnings (loss) per common share⁽¹⁾
Basic	$	0.71	$	0.04	$	(0.01	)	$	0.54		$	0.21
Diluted	$	0.61	$	0.04	$	(0.01	)	$	0.54		$	0.20


(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 Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2015

Accounting Policies [Abstract]

Principles of Consolidation

Use of Estimates

Recent Accounting Standards

Revenue Recognition

The following table provides a reconciliation of the activity related to the Company’s allowance for sales returns:



	Years Ended December 31,
	2015			2014			2013
	(In thousands)
Beginning balance	$	8,944		$	7,334		$	6,383
Provision	35,746			36,980			32,127
Sales returns	(36,542		)	(35,370		)	(31,176		)
Ending balance	$	8,148		$	8,944		$	7,334

Warranty Policy

Fair Value Measurements

Level 1: Quoted market prices in active markets for identical assets or liabilities;

Level 3: Fair value measurements derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

Advertising Costs

The Company's primary advertising costs are from television and print media advertisements. The Company’s policy is to expense advertising costs, including production costs, as incurred.

Research And Development Costs

Research and Development Costs

Research and development costs are expensed as incurred.

Foreign Currency Translation and Transactions

Derivatives and Hedging

Cash and Cash Equivalents

Cash equivalents are highly liquid investments purchased with original maturities of three months or less.

Trade Accounts Receivable

Allowance for Doubtful Accounts

An estimate of uncollectible amounts is made by management based upon historical bad debts, current customer receivable balances, age of customer receivable balances, the customer’s financial condition and current economic trends, all of which are subject to change. Actual uncollected amounts have historically been consistent with the Company’s expectations. The decrease in the allowance for estimated losses as of December 31, 2015 was primarily the result of a significant bad debt recovery recognized in 2015.

Inventories

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 as follows:



Buildings and improvements	10-30 years
Machinery and equipment	5-10 years
Furniture, computers and equipment	3-5 years
Production molds	2-5 years

Long-Lived Assets

Goodwill and Intangible Assets

Investments

Share-Based Compensation

Income Taxes

Other Income (Expense), Net

Other income (expense), net primarily includes gains and losses on foreign currency forward contracts and foreign currency transactions.

Accumulated Other Comprehensive Income (Loss)

Segment Information

Concentration of Risk

The Company’s financial instruments that are subject to concentrations of credit risk consist primarily of cash equivalents, trade receivables and foreign currency forward contracts.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2015

Accounting Policies [Abstract]

Reconciliation of Allowance for Sales Returns

The following table provides a reconciliation of the activity related to the Company’s allowance for sales returns:



	Years Ended December 31,
	2015			2014			2013
	(In thousands)
Beginning balance	$	8,944		$	7,334		$	6,383
Provision	35,746			36,980			32,127
Sales returns	(36,542		)	(35,370		)	(31,176		)
Ending balance	$	8,148		$	8,944		$	7,334

Reconciliation of Reserve for Warranty Expense

The following table provides a reconciliation of the activity related to the Company’s reserve for warranty expense:



	Years Ended December 31,
	2015			2014			2013
	(In thousands)
Beginning balance	$	5,607		$	6,406		$	7,539
Provision	5,220			4,724			5,177
Claims paid/costs incurred	(5,121		)	(5,523		)	(6,310		)
Ending balance	$	5,706		$	5,607		$	6,406

Reconciliation of Allowance for Doubtful Accounts

The following table provides a reconciliation of the activity related to the Company’s allowance for doubtful accounts:



	Years Ended December 31,
	2015			2014			2013
	(In thousands)
Beginning balance	$	6,460		$	11,655		$	6,544
Provision	992			2,143			6,798
Write-off of uncollectible amounts, net of recoveries	(1,807		)	(7,338		)	(1,687		)
Ending balance	$	5,645		$	6,460		$	11,655

Estimated Useful Lives

Depreciation is computed using the straight-line method over estimated useful lives as follows:



Buildings and improvements	10-30 years
Machinery and equipment	5-10 years
Furniture, computers and equipment	3-5 years
Production molds	2-5 years

Other Income (Expense) Net

Other income (expense), net primarily includes gains and losses on foreign currency forward contracts and foreign currency transactions. The components of other income (expense), net are as follows:



	Years Ended December 31,
	2015			2014			2013
	(In thousands)
Foreign currency forward contract gains, net	$	2,877		$	6,356		$	6,764
Foreign currency transaction losses, net	(1,611		)	(6,198		)	(821		)
Other	199			(206		)	62
	$	1,465		$	(48	)	$	6,005

Earnings (Loss) per Common Share (Tables)

12 Months Ended

Dec. 31, 2015

Equity [Abstract]

Computation of Basic and Diluted Earnings (Loss) Per Share

The following table summarizes the computation of basic and diluted earnings (loss) per share:



	Years Ended December 31,
	2015		2014		2013
	(In thousands, except per share data)
Earnings (loss) per common share—basic
Net income (loss)	$	14,568	$	16,008	$	(18,921	)
Less: Preferred stock dividends	—		—		3,332
Net income (loss) allocable to common shareholders	$	14,568	$	16,008	$	(22,253	)
Weighted-average common shares outstanding—basic	83,116		77,559		72,809
Basic earnings (loss) per common share	$	0.18	$	0.21	$	(0.31	)

Earnings (loss) per common share—diluted
Net income (loss)	$	14,568	$	16,008	$	(18,921	)
Less: Preferred stock dividends	—		—		3,332
Net income (loss) allocable to common shareholders	$	14,568	$	16,008	$	(22,253	)
Weighted-average common shares outstanding—basic	83,116		77,559		72,809
Options and restricted stock	1,495		826		—
Weighted-average common shares outstanding—diluted	84,611		78,385		72,809
Dilutive earnings (loss) per common share	$	0.17	$	0.20	$	(0.31	)

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets by Major Asset Class

The following sets forth the intangible assets by major asset class:



	Useful Life (Years)	December 31, 2015							December 31, 2014
	Useful Life (Years)	Gross		Accumulated Amortization			Net Book Value		Gross		Accumulated Amortization			Net Book Value
				(In thousands)							(In thousands)
Indefinite-lived:
Trade name, trademark and trade dress and other	NA	$	88,590		$	—	$	88,590	$	88,590		$	—	$	88,590
Amortizing:
Patents	2-16	31,581			31,389		192		31,581			31,338		243
Developed technology and other	1-9	7,961			7,961		—		7,961			7,961		—
Total intangible assets		$	128,132		$	39,350	$	88,782	$	128,132		$	39,299	$	88,833

Amortization Expense Related to Intangible Assets

Amortization expense related to intangible assets at December 31, 2015 in each of the next five fiscal years and beyond is expected to be incurred as follows (in thousands):



2016	$	51
2017	51
2018	51
2019	39
	$	192

Selected Financial Statement Information (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure Selected Financial Statement Information [Abstract]

Selected Financial Statement Information



	December 31,
	2015			2014
	(In thousands)
Accounts receivable, net:
Trade accounts receivable	$	129,400		$	125,252
Allowance for sales returns	(8,148		)	(8,944		)
Allowance for doubtful accounts	(5,645		)	(6,460		)
	$	115,607		$	109,848
Inventories:
Raw materials	$	53,876		$	47,661
Work-in-process	703			519
Finished goods	154,304			159,049
	$	208,883		$	207,229
Property, plant and equipment, net:
Land	$	7,260		$	7,365
Buildings and improvements	63,754			62,784
Machinery and equipment	107,495			107,845
Furniture, computers and equipment	96,674			122,501
Production molds	19,478			18,787
Construction-in-process	5,507			1,463
	300,168			320,745
Accumulated depreciation	(244,360		)	(262,652		)
	$	55,808		$	58,093
Accounts payable and accrued expenses:
Accounts payable	$	54,789		$	46,154
Accrued expenses	46,933			56,819
Accrued goods in-transit	20,898			20,278
	$	122,620		$	123,251
Accrued employee compensation and benefits:
Accrued payroll and taxes	$	24,118		$	28,219
Accrued vacation and sick pay	8,408			8,149
Accrued commissions	992			1,018
	$	33,518		$	37,386

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Loss Before Income Tax Provision (Benefit)

The Company’s income (loss) before income tax provision was subject to taxes in the following jurisdictions for the following periods (in thousands):



	Years Ended December 31,
	2015		2014		2013
United States	$	6,864	$	6,981	$	(28,622	)
Foreign	13,199		14,658		15,300
	$	20,063	$	21,639	$	(13,322	)

Expense Benefit for Income Taxes

The expense (benefit) for income taxes is comprised of (in thousands):



	Years Ended December 31,
	2015			2014			2013
Current tax provision (benefit):
Federal	$	271		$	496		$	195
State	431			612			382
Foreign	4,393			4,930			6,487
	5,095			6,038			7,064
Deferred tax expense (benefit):
Federal	(41		)	(1,549		)	1,100
State	113			70			(817		)
Foreign	328			1,072			(1,748		)
	400			(407		)	(1,465		)
Income tax provision	$	5,495		$	5,631		$	5,599

Components of Deferred Tax Assets and Liabilities



	December 31,
	2015			2014
Deferred tax assets:
Reserves and allowances not currently deductible for tax purposes	$	14,292		$	15,861
Basis difference related to fixed assets	10,170			10,943
Compensation and benefits	8,964			8,147
Basis difference for inventory valuation	1,764			1,526
Compensatory stock options and rights	3,659			4,334
Deferred revenue and other	169			201
Operating loss carryforwards	96,067			100,227
Tax credit carryforwards	19,787			15,987
Basis difference related to intangible assets with a definite life	16,617			15,557
Other	(162		)	435
Total deferred tax assets	171,327			173,218
Valuation allowance for deferred tax assets	(164,616		)	(165,427		)
Deferred tax assets, net of valuation allowance	$	6,711		$	7,791
Deferred tax liabilities:
Prepaid expenses	(868		)	(1,368		)
Basis difference related to intangible assets with an indefinite life	(33,974		)	(34,065		)
Total deferred tax liabilities	(34,842		)	(35,433		)
Net deferred tax liabilities	$	(28,131	)	$	(27,642	)
Net deferred tax assets (liabilities) are shown on the accompanying consolidated balance sheets as follows:
Current deferred tax assets	$	—		$	5,081
Non-current deferred tax assets	6,962			2,346
Current deferred tax liabilities	—			(26		)
Non-current deferred tax liabilities	(35,093		)	(35,043		)
Net deferred tax liabilities	$	(28,131	)	$	(27,642	)

Credit Carryforward Expiry



U.S. foreign tax credit	$	8,983	2020 - 2025
U.S. research tax credit	$	6,135	2030 - 2035
U.S. business tax credits	$	18	2030 - 2035
State investment tax credits	$	795	Do not expire
State research tax credits	$	11,199	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	$	244,923	2031 - 2035
State loss carryforwards	$	172,259	2015 - 2035

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,
	2015		2014		2013
Statutory U.S. tax rate	35.0	%	35.0	%	35.0	%
State income taxes, net of U.S. tax benefit	3.5	%	1.9	%	0.9	%
Federal and State tax credits, net of U.S. tax benefit	(11.5	)%	(9.8	)%	22.6	%
Foreign income taxed at other than U.S. statutory rate	(2.4	)%	(13.4	)%	(5.1	)%
Effect of foreign rate changes	0.9	%	1.3	%	(4.2	)%
Foreign tax credit	(12.0	)%	(13.5	)%	9.4	%
Basis differences of intangibles with an indefinite life	0.1	%	0.1	%	(4.1	)%
Change in deferred tax valuation allowance	0.3	%	35.3	%	(76.8	)%
Accrual for interest and income taxes related to uncertain tax positions	(0.3	)%	(7.3	)%	(0.1	)%
Income (loss) from flowthrough entities	(2.0	)%	(1.9	)%	1.3	%
Meals and entertainment	3.4	%	3.3	%	(7.2	)%
Group loss relief	(3.7	)%	(2.6	)%	4.9	%
Stock option compensation	(1.9	)%	2.3	%	(6.9	)%
Foreign dividends and earnings inclusion	7.1	%	(0.9	)%	(6.8	)%
Foreign tax withholding	1.4	%	2.4	%	(1.5	)%
Executive compensation limitation	4.3	%	—	%	—	%
Other	5.2	%	(6.2	)%	(3.4	)%
Effective tax rate	27.4	%	26.0	%	(42.0	)%

Reconciliation of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in thousands):



	2015			2014			2013
Balance at January 1	$	6,559		$	11,851		$	7,064
Additions based on tax positions related to the current year	1,120			638			4,853
Additions for tax positions of prior years	132			121			545
Reductions for tax positions of prior years	(255		)	(3,691		)	(538		)
Settlement of tax audits	—			(258		)	—
Reductions due to lapsed statute of limitations	(466		)	(2,102		)	(73		)
Balance at December 31	$	7,090		$	6,559		$	11,851

Major Jurisdictions No Longer Subject to Income Tax Examinations by Tax Authorities



Major Tax Jurisdiction	Years No Longer Subject to Audit
U.S. federal	2010 and prior
California (U.S.)	2008 and prior
Canada	2009 and prior
Japan	2008 and prior
South Korea	2009 and prior
United Kingdom	2011 and prior

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments for Minimum Lease Payments Under Non Cancelable Operating Leases

Commitments for minimum lease payments under non-cancelable operating and capital leases as of December 31, 2015 are as follows (in thousands):



	Operating Leases		Capital Leases
2016	$	7,612	$	237
2017	5,841		171
2018	3,048		177
2019	2,082		46
2020	1,779		—
Thereafter	1,857		—
	$	22,219	$	631

Future Purchase Commitments

Future purchase commitments as of December 31, 2015, are as follows (in thousands):



2016	$	40,168
2017	1,885
2018	816
2019	448
	$	43,317

Share-Based Employee Compensation (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [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, 2015:



	Authorized	Available	Outstanding⁽¹⁾
	(In thousands)
2004 Incentive Plan	24,000	6,915	4,782
2013 Directors Plan	1,000	852	99
Total	25,000	7,767	4,881


(1)	Includes accrued incremental dividend equivalent rights on outstanding shares underlying restricted stock units granted under the 2004 Incentive Plan and 2013 Directors Plan.

Average Fair Value Assumptions Used in Valuation of Stock Options Granted

The table below summarizes the average fair value assumptions used in the valuation of stock options granted during the year ended December 31, 2013.



	2013
Dividend yield	0.6	%
Expected volatility	48.8	%
Risk-free interest rate	0.7	%
Expected life	4.3 years

Stock Option Activities

The following table summarizes the Company’s stock option activities for the year ended December 31, 2015 (in thousands, except price per share and contractual term):



Options	Number of Shares		Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Term	Aggregate Intrinsic Value
Outstanding at January 1, 2015	3,659		$	8.59
Granted	—		$	—
Exercised	(914	)	$	7.18
Forfeited	—		$	—
Expired	(320	)	$	12.88
Outstanding at December 31, 2015	2,425		$	8.55	4.93	$	4,889
Vested and expected to vest in the future at December 31, 2015	2,420		$	8.55	4.92	$	4,874
Exercisable at December 31, 2015	1,897		$	9.11	4.92	$	3,370

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, 2015 (in thousands, except fair value amounts):



Restricted Stock Units	Units		Weighted- Average Grant-Date Fair Value
Nonvested at January 1, 2015	1,223		$	7.07
Granted	564		8.33
Vested	(470	)	6.56
Forfeited	(49	)	8.15
Nonvested at December 31, 2015	1,268		$	7.77

Roll-Forward of Activity for Performance Share Units

The table below is a roll-forward of the activity for performance share units during the 12 months ended December 31, 2015 (in thousands, except fair value amounts):



Performance Share Units	Units		Weighted- Average Grant-Date Fair Value
Nonvested at January 1, 2015	453		$	8.20
Granted	510		7.96
Vested	—		—
Forfeited	(63	)	8.14
Nonvested at December 31, 2015	900		$	8.07

Roll-Forward of Activity for Phantom Stock Units

The table below is a roll-forward of the activity for phantom stock units during the 12 months ended December 31, 2015 (in thousands, except fair value amounts):



Phantom Stock Units	Units		Weighted- Average Grant-Date Fair Value
Nonvested at January 1, 2015	264		$	6.25
Granted	—		—
Vested	(264	)	6.25
Forfeited	—		—
Nonvested at December 31, 2015	—		$	—

Summary of Total Number of Stock Appreciation Rights Granted

The table below summarizes the total number of SARs granted to employees during the year ended December 31, 2015 (in thousands):



Stock Appreciation Rights	Units		Weighted- Average Exercise Price Per Share
Nonvested and Outstanding at January 1, 2015	2,372		$	6.39
Granted	—		—
Exercised	(1,874	)	6.35
Forfeited	—		—
Outstanding at December 31, 2015	498		$	6.51

Share-Based Compensation Including Expense for Phantom Stock Units and Cash Settled Stock Appreciation Rights Granted to Employees



	2015		2014		2013
Cost of sales	$	754	$	240	$	473
Operating expenses	10,466		5,087		7,711
Total cost of employee share-based compensation included in income (loss) before income tax	$	11,220	$	5,327	$	8,184

Fair Value of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Valuation of Foreign Currency Exchange Contracts by Pricing Levels

The following table summarizes the valuation of the Company’s foreign currency forward contracts (see Note 16) that are measured at fair value on a recurring basis as of December 31, 2015 and 2014 (in thousands):



	Fair Value			Level 1		Level 2			Level 3
2015
Foreign currency forward contracts —asset position	$	680		$	—	$	680		$	—
Foreign currency forward contracts —liability position	(342		)	—		(342		)	—
	$	338		$	—	$	338		$	—
2014
Foreign currency forward contracts —asset position	$	40		$	—	$	40		$	—
Foreign currency forward contracts —liability position	(246		)	—		(246		)	—
	$	(206	)	$	—	$	(206	)	$	—

Fair Value Relating to Financial Assets and Liabilities

The table below illustrates information about fair value relating to the Company’s financial assets and liabilities that are recognized on the accompanying consolidated balance sheets as of December 31, 2015 and 2014, as well as the fair value of contingent contracts that represent financial instruments (in thousands):



	December 31, 2015				December 31, 2014
	Carrying Value		Fair Value		Carrying Value		Fair Value
Convertible notes⁽¹⁾	$	—	$	—	$	108,574	$	126,222
ABL Facility⁽²⁾	$	—	$	—	$	15,235	$	15,235
Japan ABL Facility⁽²⁾	$	14,969	$	14,969	$	—	$	—
Standby letters of credit⁽³⁾	$	1,030	$	1,030	$	1,142	$	1,142

Derivatives and Hedging (Tables)

12 Months Ended

Dec. 31, 2015

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



	Asset Derivatives
	December 31, 2015			December 31, 2014
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as cash flow hedging instruments:
Foreign currency forward contracts	Other current assets	$	520	Other current assets	$	—

Derivatives not designated as hedging instruments:
Foreign currency forward contracts	Other current assets	$	160	Other current assets	$	40



	Liability Derivatives
	December 31, 2015			December 31, 2014
	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as cash flow hedging instruments:
Foreign currency forward contracts	Accounts payable and accrued expenses	$	296	Accounts payable and accrued expenses	$	—

Derivatives not designated as hedging instruments:
Foreign currency forward contracts	Accounts payable and accrued expenses	$	46	Accounts payable and accrued expenses	$	246

Schedule of Cash Flow Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The following tables summarize the net effect of all cash flow hedges on the consolidated financial statements for the year ended December 31, 2015 (in thousands):



	Net Gain Recognized in Other Comprehensive Income (Loss) (Effective Portion)
	Year Ended December 31,
Derivatives designated as cash flow hedging instruments	2015		2014
Foreign currency forward contracts	$	2,316	$	—



	Net Gain Reclassified from Other Comprehensive Income (Loss) into Earnings (Effective Portion)
	Year Ended December 31,
Derivatives designated as cash flow hedging instruments	2015		2014
Foreign currency forward contracts	$	1,791	$	—



	Net Gain Recognized in Other Income (Expense) (Ineffective Portion)
	Year Ended December 31,
Derivatives designated as cash flow hedging instruments	2015		2014
Foreign currency forward contracts	$	1,149	$	—

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]



Beginning balance, December 31, 2014	$	(796	)
Change in fair value of derivative instruments	2,892
Amounts reclassified from accumulated other comprehensive loss to other income (expense) due to hedge instrument ineffectiveness	(576		)
Amounts reclassified from accumulated other comprehensive income to cost of goods sold	(1,791		)
Foreign currency translation adjustments	(11,542		)
Ending balance, December 31, 2015	$	(11,813	)

Location of Gains and Losses in Consolidated Condensed Statements of Operations that were Recognized and Derivative Contract Type



		Amount of Gain Recognized in Income on Derivative Instruments
Derivatives not designated as hedging instruments	Location of gain recognized in income on derivative instruments	Years Ended December 31,
Derivatives not designated as hedging instruments		2015		2014		2013
Foreign currency forward contracts	Other income (expense), net	$	1,322	$	6,356	$	6,764

Restructuring Initiatives (Tables)

12 Months Ended

Dec. 31, 2015

Cost Reduction Initiatives

Restructuring Cost and Reserve [Line Items]

Schedule of Restructuring and Related Costs



	Cost Reduction Initiatives
(In thousands)	Workforce Reductions			Transition Costs			Asset Write-offs			Total
Restructuring payable balance, December 31, 2012	$	4,531		$	591		$	—		$	5,122
Charges to cost and expense⁽¹⁾	2,977			8,777			4,802			16,556
Non-cash items	—			(5,130		)	(4,802		)	(9,932		)
Cash payments	(6,702		)	(1,737		)	—			(8,439		)
Restructuring payable balance, December 31, 2013	$	806		$	2,501		$	—		$	3,307
Cash payments	$	(806	)	$	(2,501	)	$	—		$	(3,307	)
Restructuring payable balance, December 31, 2014	$	—		$	—		$	—		$	—

(1) The pre-tax charges for the year ended December 31, 2013 included the following:


•	$2,977,000 in continued costs associated with workforce reductions, in addition to $4,459,000 in other transition costs;


•	$5,579,000 for the write-off of assets and exit costs associated with the reorganization of golf ball manufacturing (see Note 11); and


•	$3,541,000 associated with the transition of the Company's golf apparel, golf footwear and integrated device businesses in the United States and Europe to a third-party licensing arrangement.

Segment Information (Tables)

12 Months Ended

Dec. 31, 2015

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,
	2015			2014			2013
	(In thousands)
Net sales:
Golf Clubs	$	700,649		$	749,956		$	711,697
Golf Balls	143,145			136,989			131,104
	$	843,794		$	886,945		$	842,801
Income (loss) before income tax:
Golf Clubs⁽¹⁾	$	52,999		$	50,891		$	32,738
Golf Balls⁽¹⁾	17,724			15,222			(3,472		)
Reconciling items⁽²⁾	(50,660		)	(44,474		)	(42,588		)
	$	20,063		$	21,639		$	(13,322	)
Identifiable assets:⁽³⁾
Golf Clubs	$	316,079		$	316,710		$	374,473
Golf Balls	37,394			37,445			49,261
Reconciling items⁽³⁾	277,751			270,656			240,129
	$	631,224		$	624,811		$	663,863
Additions to long-lived assets:
Golf Clubs	$	14,111		$	9,425		$	13,250
Golf Balls	2,154			327			1,163
	$	16,265		$	9,752		$	14,413
Goodwill:
Golf Clubs	$	26,500		$	27,821		$	29,212
Golf Balls	—			—			—
	$	26,500		$	27,821		$	29,212
Depreciation and amortization:
Golf Clubs	$	13,084		$	18,505		$	21,019
Golf Balls	4,295			2,731			4,524
	$	17,379		$	21,236		$	25,543


(1)	The tables below includes total charges absorbed by the Company’s operating segments from the Cost Reduction Initiatives discussed in Note 17 (in thousands):



	Year Ended December 31, 2013
	Golf Clubs		Golf Balls		Corporate G&A			Total
Cost Reduction Initiatives	$	6,395	$	6,973		$	3,188	$	16,556

(2)


(3)	Identifiable assets are comprised of net inventory, certain property, plant and equipment, intangible assets and goodwill. Reconciling items represent unallocated corporate assets not segregated between the two segments.

Net Sales By Product Category

The Company’s net sales by product category are as follows:



	Years Ended December 31,
	2015		2014		2013
	(In thousands)
Net sales:
Woods	$	222,193	$	269,468	$	249,809
Irons	205,522		200,174		178,771
Putters	86,293		81,161		87,787
Golf Balls	143,145		136,989		131,104
Accessories and Other	186,641		199,153		195,330
	$	843,794	$	886,945	$	842,801

Revenues and Long Lived Assets

Long-lived assets are based on location of domicile.



	Sales		Long-Lived Assets (excluding deferred tax assets)
	(In thousands)
2015
United States	$	446,474	$	205,952
Europe	125,116		8,414
Japan	138,031		4,445
Rest of Asia	70,315		2,868
Other foreign countries	63,858		11,096
	$	843,794	$	232,775
2014
United States	$	421,773	$	210,152
Europe	134,401		7,070
Japan	166,162		4,873
Rest of Asia	89,603		2,936
Other foreign countries	75,006		13,402
	$	886,945	$	238,433
2013
United States	$	401,478	$	206,111
Europe	121,477		7,905
Japan	161,598		6,491
Rest of Asia	84,073		3,627
Other foreign countries	74,175		15,827
	$	842,801	$	239,961

Summarized Quarterly Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Summarized Quarterly Data



	Fiscal Year 2015 Quarters
	1st		2nd		3rd			4th			Total
	(In thousands, except per share data)
Net sales	$	284,179	$	230,504	$	175,780		$	153,331		$	843,794
Gross profit	$	127,266	$	101,697	$	77,602		$	51,068		$	357,633
Net income (loss)	$	35,819	$	12,818	$	(3,617	)	$	(30,452	)	$	14,568
Net income (loss) allocable to common shareholders	$	35,819	$	12,818	$	(3,617	)	$	(30,452	)	$	14,568
Earnings (loss) per common share⁽¹⁾
Basic	$	0.46	$	0.16	$	(0.04	)	$	(0.33	)	$	0.18
Diluted	$	0.39	$	0.15	$	(0.04	)	$	(0.33	)	$	0.17



	Fiscal Year 2014 Quarters
	1st		2nd		3rd			4th			Total
	(In thousands, except per share data)
Net sales	$	351,874	$	231,893	$	168,572		$	134,606		$	886,945
Gross profit	$	164,897	$	90,806	$	65,307		$	36,916		$	357,926
Net income (loss)	$	55,312	$	3,369	$	(1,134	)	$	(41,539	)	$	16,008
Net income (loss) allocable to common shareholders	$	55,312	$	3,369	$	(1,134	)	$	(41,539	)	$	16,008
Earnings (loss) per common share⁽¹⁾
Basic	$	0.71	$	0.04	$	(0.01	)	$	0.54		$	0.21
Diluted	$	0.61	$	0.04	$	(0.01	)	$	0.54		$	0.20


(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 (Details)	Dec. 31, 2015 country
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of countries in which company operates (more than)	100

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Significant Accounting Policies [Line Items]
Royalty income under licensing agreements	$ 8,062	$ 8,881	$ 9,130
Advertising expenses	57,392	55,502	53,707
Research and development expenses	33,213	31,285	30,937
Foreign currency transaction gains (loss), net	(1,611)	(6,198)	(821)
Foreign currency translation adjustments	(11,542)	(12,973)	(2,593)
Total Equity Adjustment from Change in Fair Value of Derivative Instruments	525
Accumulated Other Comprehensive Income (Loss)
Significant Accounting Policies [Line Items]
Foreign currency translation adjustments	(11,542)	(12,973)	$ (2,593)
Gift Cards
Significant Accounting Policies [Line Items]
Deferred revenue	$ 1,119	$ 1,082

Summary of Significant Accounting Policies - Reconciliation of Activity Related to Allowance for Sales Returns (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounting Policies [Abstract]
Beginning balance	$ 8,944	$ 7,334	$ 6,383
Provision	35,746	36,980	32,127
Sales returns	(36,542)	(35,370)	(31,176)
Ending balance	$ 8,148	$ 8,944	$ 7,334

Summary of Significant Accounting Policies - Other Income (Expense) Net (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounting Policies [Abstract]
Foreign currency exchange contract gains/(losses), net	$ 2,877	$ 6,356	$ 6,764
Foreign currency transaction gains/(losses), net	(1,611)	(6,198)	(821)
Other	199	(206)	62
Other income (expense), net	$ 1,465	$ (48)	$ 6,005

Summary of Significant Accounting Policies - Reconciliation of Allowance for Doubtful Accounts (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounting Policies [Abstract]
Beginning balance	$ 6,460	$ 11,655	$ 6,544
Provision	992	2,143	6,798
Write-off of uncollectible amounts, net of recoveries	(1,807)	(7,338)	(1,687)
Ending balance	$ 5,645	$ 6,460	$ 11,655

Summary of Significant Accounting Policies - Reconciliation of Reserve for Warranty Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounting Policies [Abstract]
Beginning balance	$ 5,607	$ 6,406	$ 7,539
Provision	5,220	4,724	5,177
Claims paid/costs incurred	(5,121)	(5,523)	(6,310)
Ending balance	$ 5,706	$ 5,607	$ 6,406

Summary of Significant Accounting Policies - Estimated Useful Lives (Detail)	12 Months Ended
	Dec. 31, 2015
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
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 Accounting Policies - Share-based Compensation (Details) - Performance shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares awarded as a percentage of granted	130.00%	131.50%
Vesting period	3 years
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares awarded as a percentage of granted	50.00%
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares awarded as a percentage of granted	150.00%

Summary of Significant Accounting Policies - Concentration of Risk (Details) - customer	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Concentration Risk [Line Items]
Percentage of revenues	one customer with an outstanding balance greater than 10% of the Company's outstanding consolidated accounts receivable.	no single customer represented over 9% 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	9.00%	8.00%	8.00%
Sales Revenue, Net \| Customer Concentration Risk \| Regions outside the U.S.
Concentration Risk [Line Items]
Concentration risk percentage	47.00%	52.00%	52.00%
Sales Revenue, Net \| Customer Concentration Risk \| Top Five Customers Worldwide
Concentration Risk [Line Items]
Concentration risk percentage	26.00%	25.00%	23.00%
Accounts Receivable \| Credit Concentration Risk
Concentration Risk [Line Items]
Threshold used to determine number of major customers	10.00%	9.00%
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	0	0
Golf Clubs \| Sales Revenue, Net \| Customer Concentration Risk \| Top Five Customers Worldwide
Concentration Risk [Line Items]
Concentration risk percentage	25.00%	25.00%	23.00%
Golf Ball \| Sales Revenue, Net \| Customer Concentration Risk \| Top Five Customers Worldwide
Concentration Risk [Line Items]
Concentration risk percentage	30.00%	30.00%	27.00%

Financing Arrangements (Detail)		1 Months Ended		12 Months Ended
Financing Arrangements (Detail)	Dec. 31, 2015 JPY (¥) shares	Jan. 31, 2016	Aug. 31, 2012 USD ($) $ / shares shares	Dec. 31, 2015 USD ($) shares	Dec. 31, 2014 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2012 USD ($)
Debt Instrument [Line Items]
Asset-based credit facility, maximum borrowing capacity						$ 230,000,000
Asset-based credit facility					$ 15,235,000	14,969,000
Cash and cash equivalents					37,635,000	49,801,000	$ 36,793,000	$ 52,003,000
Maximum amount of consolidated funded indebtedness including borrowing outstanding					55,611,000	105,492,000
Available liquidity					93,246,000	$ 155,293,000
Line of credit facility conditional reduction in margin rate	0.25%					0.25%
Convertible senior notes			$ 112,500,000
Convertible senior notes interest rate			3.75%
Convertible senior notes, transactional fees			$ 3,537,000
Debt Conversion, Converted Instrument, Shares Issued \| shares				15,000,000
Debt Conversion, Converted Instrument, Amortization of Debt Discount (Premium)				$ 108,955,000
Amortized Debt Issuance Expense				2,042,000
Convertible senior notes, net carrying amount					108,574,000
Convertible senior notes, unamortized discount					3,926,000	$ 3,395,000
Convertible senior notes, total interest and amortization expense recognized				$ 3,158,000	4,957,000
Convertible senior notes convertible latest date				Aug. 15, 2019
Maximum Number Of Shares Upon Conversion Of Convertible Debt \| shares	0		15,000,000
Initial conversion rate, number of common stock issuable				0.1333
Conversion price per share \| $ / shares			$ 7.50
Unamortized Advisory Fee
Debt Instrument [Line Items]
Unamortized, transaction Fees					2,358,000	0
Unamortized Advisory Fee \| Other current assets
Debt Instrument [Line Items]
Unamortized, transaction Fees					505,000
Unamortized Advisory Fee \| Other Long Term Assets
Debt Instrument [Line Items]
Unamortized, transaction Fees					1,853,000
United States
Debt Instrument [Line Items]
Asset-based credit facility, maximum borrowing capacity						160,000,000
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
Minimum
Debt Instrument [Line Items]
Applicable margin rate reduction, (in percent)	67.00%					67.00%
Maximum
Debt Instrument [Line Items]
Amount of EBITDA to reduce applicable margin				4
Bank of America, N.A.
Debt Instrument [Line Items]
Asset-based credit facility						$ 0
Maximum amount of consolidated funded indebtedness including borrowing outstanding						88,860,000
Average outstanding borrowing				$ 37,352,000
Average available liquidity						$ 123,846,000
Asset-based credit facility, maturity date				Jun. 23, 2019
Line of Credit Facility, Dividend Restrictions				In addition, the ABL Facility imposes restrictions on the amount the Company could pay in annual cash dividends, including meeting certain restrictions on the amount of additional indebtedness and requirements to maintain a certain fixed charge coverage ratio under certain circumstances
Period fixed charge cover ratio must be in compliance if borrowing base falls below threshold				30 days
Debt instrument fixed charge coverage				$ 23,000,000
Description of condition to reduce applicable margin to interest rate				The applicable margin for any month will be reduced by 0.25% if the Company’s availability ratio is greater than or equal to 67% and the Company’s “leverage ratio” (as defined below) is less than 4.0 to 1.0 as of the last day of the month for which financial statements have been delivered, so long as no default or event of default exists.
Asset-based credit facility, interest rate	4.43%					4.43%
Asset-based credit facility, origination fees						$ 4,961,000
Unamortized origination fees					2,233,000	1,781,000
Asset-based credit facility, origination fees included in other current assets					496,000	509,000
Asset-based credit facility, origination fees included in other long-term assets					$ 1,737,000	1,272,000
Bank of America, N.A. \| Minimum
Debt Instrument [Line Items]
Asset-based credit facility, monthly fees				0.25%
Bank of America, N.A. \| Maximum
Debt Instrument [Line Items]
Asset-based credit facility, monthly fees				0.375%
The Bank Of Tokyo-Mitsubishi UFG Ltd
Debt Instrument [Line Items]
Asset-based credit facility, maximum borrowing capacity	¥ 2,000,000,000					16,632,000
Asset-based credit facility						14,969,000
Maximum amount of consolidated funded indebtedness including borrowing outstanding						$ 16,632,000
Asset-based credit facility, interest rate	1.48%					1.48%
Debt instrument term				1 year
The Bank Of Tokyo-Mitsubishi UFG Ltd \| Subsequent event
Debt Instrument [Line Items]
Asset-based credit facility, maturity date		Jan. 22, 2018
Description of condition to reduce applicable margin to interest rate		subject to an effective interest rate equal to TIBOR plus 0.25%.
Debt instrument term		2 years
Tokyo Interbank Offered Rate (TIBOR) [Member] \| The Bank Of Tokyo-Mitsubishi UFG Ltd \| Subsequent event
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Effective Percentage		0.25%

Preferred Stock (Details) $ in Thousands	1 Months Ended		3 Months Ended	12 Months Ended
Preferred Stock (Details) $ in Thousands	Aug. 31, 2013 shares	Aug. 29, 2012	Dec. 31, 2013 USD ($) shares	Dec. 31, 2014 shares	Dec. 31, 2015 shares
Class of Stock [Line Items]
Preferred stock to debt and common stock exchange (in shares)			183,496
Preferred stock, shares outstanding				0	0
Conversion rate of the preferred stock to common stock	14.1844			14.1844
Common Stock
Class of Stock [Line Items]
Conversion of stock, shares Issued	3,316,922
Preferred stock conversions, inducements	75,342
Common stock issuable upon conversion, shares			2,602,770
Series B Cumulative Perpetual Convertible Preferred Stock
Class of Stock [Line Items]
Preferred stock to debt and common stock exchange (in shares)	233,843
Preferred Stock, Cumulative Dividend Rate (In Percent)		7.50%
Preferred stock, shares outstanding				0	0
Redemption of preferred stock (in shares)			300	300
Payments for repurchase of convertible preferred stock \| $			$ 30

Earnings (Loss) per Common Share - Additional Information (Detail) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Stock Options
Earnings Per Share Disclosure [Line Items]
Antidilutive securities excluded from computation of earnings per share	10,812	16,000	25,029
Preferred Stock
Earnings Per Share Disclosure [Line Items]
Antidilutive securities excluded from computation of earnings per share			4,293
Convertible Senior Notes
Earnings Per Share Disclosure [Line Items]
Antidilutive securities excluded from computation of earnings per share	10,248	15,000	15,000

Earnings (Loss) 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, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Equity [Abstract]
Net income (loss)	$ (30,452)	$ (3,617)	$ 12,818	$ 35,819	$ (41,539)	$ (1,134)	$ 3,369	$ 55,312	$ 14,568	$ 16,008	$ (18,921)
Less: Preferred stock dividends									0	0	3,332
Net income (loss) allocable to common shareholders	$ (30,452)	$ (3,617)	$ 12,818	$ 35,819	$ (41,539)	$ (1,134)	$ 3,369	$ 55,312	$ 14,568	$ 16,008	$ (22,253)
Weighted-average common shares outstanding—basic (usd per share)									83,116	77,559	72,809
Basic earnings (loss) per common share (usd per share)	$ (0.33)	$ (0.04)	$ 0.16	$ 0.46	$ 0.54	$ (0.01)	$ 0.04	$ 0.71	$ 0.18	$ 0.21	$ (0.31)
Options and restricted stock									1,495	826	0
Weighted-average common shares outstanding—diluted (usd per share)									84,611	78,385	72,809
Dilutive earnings (loss) per common share (usd per share)	$ (0.33)	$ (0.04)	$ 0.15	$ 0.39	$ 0.54	$ (0.01)	$ 0.04	$ 0.61	$ 0.17	$ 0.20	$ (0.31)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Line Items]
Aggregate amortization expense on intangible assets	$ 51	$ 68	$ 288
Goodwill	26,500	27,821	$ 29,212
Decrease in goodwill offset amount due to foreign currency fluctuations	1,321
Gross goodwill	$ 28,249	$ 29,570

Goodwill and Intangible Assets Amortization Expense Related to Intangible Assets (Detail) $ in Thousands	Dec. 31, 2015 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2016	$ 51
2017	51
2018	51
2019	39
Total	$ 192

Goodwill and Intangible Assets - Intangible Assets by Major Asset Class (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Intangible Assets by Major Class [Line Items]
Gross	$ 128,132	$ 128,132
Accumulated amortization	39,350	39,299
Net book value	88,782	88,833
Trade name, trademark and trade dress and other
Intangible Assets by Major Class [Line Items]
Gross	88,590	88,590
Net book value	88,590	88,590
Patents
Intangible Assets by Major Class [Line Items]
Gross	31,581	31,581
Accumulated amortization	31,389	31,338
Net book value	$ 192	243
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	$ 7,961	7,961
Accumulated amortization	7,961	7,961
Net book value	$ 0	$ 0
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

Investments (Detail) - USD ($) $ in Thousands	Feb. 22, 2016	Jan. 31, 2016	Dec. 31, 2015	Jan. 31, 2015	Dec. 31, 2014
Schedule of Cost-method Investments [Line Items]
Investment in TopGolf International, Inc. during the period			$ 940	$ 1,699
Investment in TopGolf International, Inc.			53,315		$ 50,677
Notes receivable from TopGolf			$ 3,200
Annual Interest Rate on notes receivable			10.00%
Percentage of ownership interest in TopGolf International, Inc.			20.00%
Subsequent event
Schedule of Cost-method Investments [Line Items]
Investment in TopGolf International, Inc. during the period		$ 1,259
Investment in TopGolf International, Inc.		$ 54,574
Minimum \| Subsequent event
Schedule of Cost-method Investments [Line Items]
Percentage of TopGolf shares agreed to be sold	9.60%
Approximate gain expected on sale of shares of TopGolf	$ 17,377
Possible reduction in total investment in TopGolf	5,674
Estimated future net total investment in TopGolf	$ 48,144
Maximum \| Subsequent event
Schedule of Cost-method Investments [Line Items]
Percentage of TopGolf shares agreed to be sold	10.90%
Approximate gain expected on sale of shares of TopGolf	$ 19,696
Possible reduction in total investment in TopGolf	6,431
Estimated future net total investment in TopGolf	48,901
Fair Value \| Minimum \| Subsequent event
Schedule of Cost-method Investments [Line Items]
Investment in TopGolf International, Inc.	230,000
Fair Value \| Maximum \| Subsequent event
Schedule of Cost-method Investments [Line Items]
Investment in TopGolf International, Inc.	$ 240,000

Selected Financial Statement Information (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Accounts receivable, net:
Trade accounts receivable	$ 129,400	$ 125,252
Allowance for sales returns	(8,148)	(8,944)	$ (7,334)	$ (6,383)
Allowance for doubtful accounts	(5,645)	(6,460)	$ (11,655)	$ (6,544)
Accounts receivable, net	115,607	109,848
Inventories:
Raw materials	53,876	47,661
Work-in-process	703	519
Finished goods	154,304	159,049
Inventory	208,883	207,229
Property, plant and equipment, net:
Land	7,260	7,365
Buildings and improvements	63,754	62,784
Machinery and equipment	107,495	107,845
Furniture, computers and equipment	96,674	122,501
Production molds	19,478	18,787
Construction-in-process	5,507	1,463
Property, plant and equipment, gross	300,168	320,745
Accumulated depreciation	(244,360)	(262,652)
Property, plant and equipment, net	55,808	58,093
Accounts payable and accrued expenses:
Accounts payable	54,789	46,154
Accrued expenses	46,933	56,819
Accrued goods in-transit	20,898	20,278
Accounts payable and accrued expenses	122,620	123,251
Accrued employee compensation and benefits:
Accrued payroll and taxes	24,118	28,219
Accrued vacation and sick pay	8,408	8,149
Accrued commissions	992	1,018
Accrued employee compensation and benefits	$ 33,518	$ 37,386

Income Taxes - Income (Loss) Before Income Tax Provision (Benefit) (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
United States	$ 6,864	$ 6,981	$ (28,622)
Foreign	13,199	14,658	15,300
Income (loss) before income taxes	$ 20,063	$ 21,639	$ (13,322)

Income Taxes - Expense (Benefit) for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Federal	$ 271	$ 496	$ 195
State	431	612	382
Foreign	4,393	4,930	6,487
Current tax provision (benefit)	5,095	6,038	7,064
Federal	(41)	(1,549)	1,100
State	113	70	(817)
Foreign	328	1,072	(1,748)
Deferred tax expense (benefit)	400	(407)	(1,465)
Income tax provision (benefit)	$ 5,495	$ 5,631	$ 5,599

Income Taxes - Components of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Deferred tax assets:
Reserves and allowances not currently deductible for tax purposes	$ 14,292	$ 15,861
Basis difference related to fixed assets	10,170	10,943
Compensation and benefits	8,964	8,147
Basis difference for inventory valuation	1,764	1,526
Compensatory stock options and rights	3,659	4,334
Deferred revenue and other	169	201
Operating loss carryforwards	96,067	100,227
Tax credit carryforwards	19,787	15,987
Basis difference related to intangible assets with a definite life	16,617	15,557
Deferred Tax Assets, Other	(162)	435
Total deferred tax assets	171,327	173,218
Valuation allowance for deferred tax assets	(164,616)	(165,427)
Deferred tax liabilities:
Prepaid expenses	(868)	(1,368)
Basis difference related to intangible assets with an indefinite life	(33,974)	(34,065)
Total deferred tax liabilities	(34,842)	(35,433)
Net deferred tax liabilities	(28,131)	(27,642)
Deferred Tax Assets, Net of Valuation Allowance	6,711	7,791
Net deferred tax assets are shown on the accompanying consolidated balance sheets as follows:
Current deferred tax assets	0	5,081
Non-current deferred tax assets	6,962	2,346
Current deferred tax liabilities	0	(26)
Non-current deferred tax liabilities	$ (35,093)	$ (35,043)

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Schedule Of Income Tax [Line Items]
Change in net deferred taxes	$ 489,000
Net deferred tax asset	26,000
Net deferred benefit , reserve for uncertain tax positions	121,000
Foreign currency translation adjustments	342,000
Deferred tax assets, valuation allowance	$ 164,616,000	$ 165,427,000
Tax credit carryforward beginning expiration year	2020
Liability for income taxes associated with uncertain tax positions	$ 7,090,000	6,559,000	$ 11,851,000	$ 7,064,000
Tax benefits associated with potential transfer pricing adjustments	1,368,000
Tax benefits associated with state income taxes and other timing adjustments	4,674,000
Net amount of unrecognized tax benefit related to uncertain tax positions that would impact, if recognized, effective income tax rate	1,048,000
Interest and penalties related to income tax matters	2,000	101,000	$ (229,000)
Income tax accrued for payment of interest and penalties	1,060,000	1,062,000
Undistributed earnings	111,953,000
Withholding taxes	1,125,000
United States
Schedule Of Income Tax [Line Items]
Deferred tax assets, valuation allowance	164,616,000	$ 165,427,000
Federal
Schedule Of Income Tax [Line Items]
Tax credit carryforwards	15,136,000
State
Schedule Of Income Tax [Line Items]
Tax credit carryforwards	$ 11,994,000

Income Taxes - Expiry Dates of Federal and State Income Tax Credit Carryforwards (Detail)	12 Months Ended
	Dec. 31, 2015 USD ($)
Federal
Tax Credit Carryforward [Line Items]
Tax credit carryforwards	$ 15,136,000
Federal \| U.S. foreign tax credit
Tax Credit Carryforward [Line Items]
Tax credit carryforwards	$ 8,983,000
Federal \| U.S. foreign tax credit \| Minimum
Tax Credit Carryforward [Line Items]
Tax credit carryforwards, expiration year	2020
Federal \| U.S. foreign tax credit \| Maximum
Tax Credit Carryforward [Line Items]
Tax credit carryforwards, expiration year	2025
Federal \| U.S. research tax credit
Tax Credit Carryforward [Line Items]
Tax credit carryforwards	$ 6,135,000
Federal \| U.S. research tax credit \| Minimum
Tax Credit Carryforward [Line Items]
Tax credit carryforwards, expiration year	2030
Federal \| U.S. research tax credit \| Maximum
Tax Credit Carryforward [Line Items]
Tax credit carryforwards, expiration year	2035
Federal \| U.S. business tax credits
Tax Credit Carryforward [Line Items]
Tax credit carryforwards	$ 18,000
Federal \| U.S. business tax credits \| Minimum
Tax Credit Carryforward [Line Items]
Tax credit carryforwards, expiration year	2030
Federal \| U.S. business tax credits \| Maximum
Tax Credit Carryforward [Line Items]
Tax credit carryforwards, expiration year	2035
State
Tax Credit Carryforward [Line Items]
Tax credit carryforwards	$ 11,994,000
State \| State investment tax credits
Tax Credit Carryforward [Line Items]
Tax credit carryforwards	795,000
State \| State research tax credits
Tax Credit Carryforward [Line Items]
Tax credit carryforwards	$ 11,199,000

Income Taxes - Major Jurisdictions no Longer Subject to Income Tax Examinations by Tax Authorities (Detail)	12 Months Ended
	Dec. 31, 2015
Federal
Income Tax Examination [Line Items]
Income Tax Examination Years No Longer Subject To Examination	2010 and prior
State
Income Tax Examination [Line Items]
Income Tax Examination Years No Longer Subject To Examination	2008 and prior
Canada
Income Tax Examination [Line Items]
Income Tax Examination Years No Longer Subject To Examination	2009 and prior
Japan
Income Tax Examination [Line Items]
Income Tax Examination Years No Longer Subject To Examination	2008 and prior
South Korea
Income Tax Examination [Line Items]
Income Tax Examination Years No Longer Subject To Examination	2009 and prior
United Kingdom
Income Tax Examination [Line Items]
Income Tax Examination Years No Longer Subject To Examination	2011 and prior

Income Taxes - Net Operating Losses Carryforwards Expire (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2015 USD ($)
Operating Loss Carryforwards [Line Items]
U.S. loss carryforwards	$ 244,923
State loss carryforwards	$ 172,259
Federal \| Minimum
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, expiration year	2031
Federal \| Maximum
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, expiration year	2035
State \| Minimum
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, expiration year	2014
State \| Maximum
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards, expiration year	2035

Income Taxes - Reconciliation of Effective Tax Rate on Income or Loss and Statutory Tax Rate (Detail)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Statutory U.S. tax rate	35.00%	35.00%	35.00%
State income taxes, net of U.S. tax benefit	3.50%	1.90%	0.90%
Federal and State tax credits, net of U.S. tax benefit	(11.50%)	(9.80%)	22.60%
Foreign income taxed at other than U.S. statutory rate	(2.40%)	(13.40%)	(5.10%)
Effective Income Tax Rate Reconciliation, Effect of Foreign Tax Rate Changes	0.90%	1.30%	(4.20%)
Foreign tax credit	(12.00%)	(13.50%)	9.40%
Basis differences of intangibles with an indefinite life	0.10%	0.10%	(4.10%)
Change in deferred tax valuation allowance	0.30%	35.30%	(76.80%)
Accrual for interest and income taxes related to uncertain tax positions	(0.30%)	(7.30%)	(0.10%)
Income (loss) from flowthrough entities	(2.00%)	(1.90%)	1.30%
Meals and entertainment	3.40%	3.30%	(7.20%)
Group loss relief	(3.70%)	(2.60%)	4.90%
Stock option compensation	(1.90%)	2.30%	(6.90%)
Foreign dividends and earnings inclusion	7.10%	(0.90%)	(6.80%)
Foreign tax withholding	1.40%	2.40%	(1.50%)
Executive compensation limitation	4.30%	0.00%	0.00%
Other	5.20%	(6.20%)	(3.40%)
Effective tax rate	27.40%	26.00%	(42.00%)

Income Taxes - Reconciliation of Unrecognized Tax Benefits (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Unrecognized tax benefits, beginning balance	$ 6,559,000	$ 11,851,000	$ 7,064,000
Additions based on tax positions related to the current year	1,120,000	638,000	4,853,000
Additions for tax positions of prior years	132,000	121,000	545,000
Reductions for tax positions of prior years	(255,000)	(3,691,000)	(538,000)
Settlement of tax audits	0	(258,000)	0
Reductions due to lapsed statute of limitations	(466,000)	(2,102,000)	(73,000)
Unrecognized tax benefits, ending balance	7,090,000	$ 6,559,000	$ 11,851,000
Tax benefits associated with potential transfer pricing adjustments	$ 1,368,000

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Long-term Purchase Commitment [Line Items]
Operating lease expiration period	2020-09
Rent expense	$ 13,245	$ 12,479	$ 13,686
Minimum rental payments under capital leases	631
Minimum rental payments under operating leases	22,219
Minimal rental payments under operating leases, net of sublease payments	2,369
Unconditional purchase obligations over next six years	$ 43,317
Minimum
Long-term Purchase Commitment [Line Items]
Operating lease term	1 year
Unconditional purchase obligations	1 year
Maximum
Long-term Purchase Commitment [Line Items]
Operating lease term	10 years
Unconditional purchase obligations	4 years

Commitments and Contingencies - Commitments for Minimum Lease Payments Under Non Cancelable Operating Leases (Detail) $ in Thousands	Dec. 31, 2015 USD ($)
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2015	$ 7,612
2016	5,841
2017	3,048
2018	2,082
2019	1,779
Thereafter	1,857
Minimum rental payments under operating leases	22,219
Capital Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2015	237
2016	171
2017	177
2018	46
2019	0
Thereafter	0
Minimum rental payments under capital leases	$ 631

Commitments and Contingencies - Future Purchase Commitments (Detail) $ in Thousands	Dec. 31, 2015 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2015	$ 40,168
2016	1,885
2017	816
2018	448
Unconditional purchase obligations over next six years	$ 43,317

Non-Controlling Interests (Detail) $ in Thousands	12 Months Ended
Non-Controlling Interests (Detail) $ in Thousands	Dec. 31, 2013 USD ($)
Cost Reduction Initiatives \| Golf Ball \| Manufacturing
Restructuring Cost and Reserve [Line Items]
Write-down of assets and exit costs associated with reorganization	$ 5,579

Capital Stock (Detail)	3 Months Ended	12 Months Ended
Capital Stock (Detail)	Dec. 31, 2013 shares	Dec. 31, 2015 USD ($) votes_per_share $ / shares shares	Dec. 31, 2014 USD ($) $ / shares shares	Dec. 31, 2013 USD ($) shares
Components Of Common Stock [Line Items]
Authorized capital, shares		243,000,000
Common stock, par value \| $ / shares		$ 0.01	$ 0.01
Common stock, shares authorized		240,000,000	240,000,000
Preferred stock, shares authorized		3,000,000	3,000,000
Common Stock, Voting Rights		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 \| $ / shares		$ 1
Stock repurchase program, authorized amount \| $		$ 50,000,000
Stock repurchased, average cost per share \| $ / shares		$ 9.03
Acquisition of treasury stock \| $		$ (1,960,000)	$ (1,013,000)	$ (364,000)
Stock Repurchase Program, Remaining Authorized Repurchase Amount \| $		$ 47,027,000
Treasury Stock
Components Of Common Stock [Line Items]
Acquisition of treasury stock (in shares)		217,000	133,000	56,000
Acquisition of treasury stock \| $		$ (1,960,000)	$ (1,013,000)	$ (364,000)
Series B Cumulative Perpetual Convertible Preferred Stock
Components Of Common Stock [Line Items]
Redemption of preferred stock (in shares)	300		300
Seriesa Junior Participating Preferred [Member]
Components Of Common Stock [Line Items]
Preferred stock, shares authorized		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 \| votes_per_share		1,000

Share-Based Employee Compensation - Additional Information (Detail) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015 USD ($) plan $ / shares shares	Dec. 31, 2014 USD ($) $ / shares shares	Dec. 31, 2013 USD ($) $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of plans \| plan	2
Compensation expense related to stock options	$ 1,396	$ 1,907	$ 1,839
Share based compensation, weighted average estimated forfeiture rate	6.20%	6.50%	6.60%
Weighted-average grant-date fair value of options granted \| $ / shares			$ 2.47
Number of Shares, Granted \| shares	0	0
Total intrinsic value for options exercised	$ 2,151	$ 569	$ 243
Exercise of stock options	6,565	2,291	1,652
Compensation expense related to restricted stock	3,539	2,530	1,694
Stock compensation - expensed (reversed)	(11,220)	(5,327)	$ (8,184)
Accrued employee compensation and benefits	$ 33,518	$ 37,386
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	$ 187
Unrecognized compensation expense expected recognition period	2 months 26 days
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Granted, number of units \| shares	564,000
Total unrecognized compensation expense related to non-vested shares granted	$ 4,563
Unrecognized compensation expense expected recognition period	1 year 2 months 26 days
Weighted average grant date fair value per share of PSUs granted \| $ / shares	$ 8.33	$ 8.21	$ 6.55
Performance shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Granted, number of units \| shares	510,000	453,000
Total unrecognized compensation expense related to non-vested shares granted	$ 5,509
Unrecognized compensation expense expected recognition period	1 year 7 months 24 days
Shares awarded as a percentage of granted	130.00%	131.50%
Weighted average grant date fair value per share of PSUs granted \| $ / shares	$ 7.96	$ 8.20
Stock compensation - expensed (reversed)	$ (2,607)
Performance shares \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares awarded as a percentage of granted	150.00%
Performance shares \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares awarded as a percentage of granted	50.00%
Phantom Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted, number of units \| shares	0	0
Weighted average grant date fair value per share of PSUs granted \| $ / shares	$ 0.00
Stock compensation - expensed (reversed)	$ (390)	$ (649)	$ (1,635)
Accrued employee compensation and benefits		1,898
Stock Appreciation Rights (SARs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Granted, number of units \| shares	0
Weighted average grant date fair value per share of PSUs granted \| $ / shares	$ 0.00
Stock compensation - expensed (reversed)	$ (3,288)	(1,062)	$ (3,016)
Accrued employee compensation and benefits	$ 1,460	$ 3,990
2004 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement, maximum number of shares that can be granted to a participant in any fiscal year \| shares	2,000,000
2004 Plan \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation arrangement, maximum number of shares issuable \| shares	24,000,000
2013 Directors Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation arrangement, maximum number of shares that can be granted to a participant in any fiscal year \| shares	50,000
2013 Directors Plan \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share based compensation arrangement, maximum number of shares issuable \| shares	1,000,000

Share-Based Employee Compensation - Shares Authorized, Available for Future Grant and Outstanding Under Each Plans (Detail)	Dec. 31, 2015 shares
Equity Incentive Plan [Line Items]
Authorized	25,000,000
Available	7,767,000
Outstanding	4,881,000
2004 Plan
Equity Incentive Plan [Line Items]
Authorized	24,000,000
Available	6,915,000
Outstanding	4,782,000
2013 Directors Plan
Equity Incentive Plan [Line Items]
Authorized	1,000,000
Available	852,000
Outstanding	99,000

Share-Based Employee Compensation - Weighted Average Black-Scholes Fair Value Assumptions used in Valuation of Stock Options Granted (Detail)	12 Months Ended
	Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Dividend yield	0.60%
Expected volatility	48.80%
Risk-free interest rate	0.70%
Expected life	4 years 3 months 18 days

Share-Based Employee Compensation - Stock Option Activities (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Number of Shares
Number of Shares, Options outstanding, beginning balance	3,659,000
Number of Shares, Granted	0	0
Number of shares, Exercised	(914,000)
Number of Shares, Forfeited	0
Number of Shares, Expired	(320,000)
Number of Shares, Options outstanding, ending balance	2,425,000	3,659,000
Number of Shares, Vested and expected to vest at end of period	2,420,000
Number of Shares, Options exercisable at end of period	1,897,000
Weighted-Average Exercise Price Per Share
Weighted Average Exercise Price, Options outstanding, beginning balance	$ 8.59
Weighted Average Exercise Price, Granted	0.00
Weighted Average Exercise Price, Exercised	7.18
Weighted Average Exercise Price, Forfeited	0.00
Weighted Average Exercise Price, Expired	12.88
Weighted Average Exercise Price, Options outstanding, ending balance	8.55	$ 8.59
Weighted Average Exercise Price, Vested and expected to vest at end of period	8.55
Weighted Average Exercise Price, Options exercisable at end of period	$ 9.11
Weighted-Average Remaining Contractual Term
Weighted Average Remaining Life, Options outstanding at end of period	4 years 11 months 5 days
Weighted Average Remaining Life, Vested and expected to vest at end of period	4 years 11 months 1 day
Weighted Average Remaining Life, Options exercisable at end of period	4 years 11 months 1 day
Aggregate Intrinsic Value
Outstanding aggregate intrinsic value	$ 4,889
Vested and expected to vest in the future, aggregate intrinsic value	4,874
Exercisable, aggregate intrinsic value	$ 3,370

Share-Based Employee Compensation - Roll-Forward of Activity for Restricted Stock Units (Detail) - Restricted Stock Units - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Number of Share units
Nonvested number of Units, beginning balance	1,223
Granted, number of units	564
Vested, number of units	(470)
Forfeited, number of units	(49)
Nonvested number of units, ending balance	1,268	1,223
Weighted Average Grant Date Fair Value
Nonvested weighted Average Grant Date Fair Value, beginning balance	$ 7.07
Granted, weighted average grant date fair value	8.33	$ 8.21	$ 6.55
Vested, weighted average grant date fair value	6.56
Forfeited, weighted average grant date fair value	8.15
Nonvested weighted Average Grant Date Fair Value, ending balance	$ 7.77	$ 7.07

Share-Based Employee Compensation - Roll-forward of Activity for Performance Share Units (Details) - Performance shares - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Number of Share units
Nonvested number of Units, beginning balance	453
Granted, number of units	510	453
Vested, number of units	0
Forfeited, number of units	(63)
Nonvested, Number of Shares, Ending Balance	900
Weighted Average Grant Date Fair Value
Nonvested weighted Average Grant Date Fair Value, beginning balance	$ 8.20
Granted, weighted average grant date fair value	7.96	$ 8.20
Vested, weighted average grant date fair value	0.00
Forfeited, weighted average grant date fair value	8.14
Nonvested weighted Average Grant Date Fair Value, ending balance	$ 8.07	$ 8.20

Share-Based Employee Compensation - Roll-Forward of Activity for Phantom Stock Units (Detail) - Phantom Stock Units - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Number of Share units
Nonvested number of Units, beginning balance	264
Granted, number of units	0	0
Vested, number of units	(264)
Forfeited, number of units	0
Nonvested number of units, ending balance	0	264
Weighted Average Grant Date Fair Value
Nonvested weighted Average Grant Date Fair Value, beginning balance	$ 6.25
Granted, weighted average grant date fair value	0.00
Vested, weighted average grant date fair value	6.25
Forfeited, weighted average grant date fair value	0.00
Nonvested weighted Average Grant Date Fair Value, ending balance	$ 0.00	$ 6.25

Share-Based Employee Compensation - Summary of Total Number of SARs Granted (Detail) - Stock Appreciation Rights (SARs) shares in Thousands	12 Months Ended
	Dec. 31, 2015 $ / shares shares
Number of Share units
Nonvested number of Units, beginning balance \| shares	2,372
Granted, number of units \| shares	0
Exercised, number of units \| shares	(1,874)
Forfeited, number of units \| shares	0
Vested, number of units, ending balance \| shares	498
Weighted Average Grant Date Fair Value
Nonvested weighted Average Grant Date Fair Value, beginning balance \| $ / shares	$ 6.39
Granted, weighted average grant date fair value \| $ / shares	0.00
Exercised, weighted average exercise price \| $ / shares	6.35
Forfeited, weighted average grant date fair value \| $ / shares	0.00
Vested, Weighted Average Grant Date Fair Value, ending balance \| $ / shares	$ 6.51

Share-Based Compensation Related to Employees and Directors (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
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	$ 11,220	$ 5,327	$ 8,184
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	754	240	473
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	$ 10,466	$ 5,087	$ 7,711

Employee Benefit Plans (Detail) - USD ($)	12 Months Ended
Employee Benefit Plans (Detail) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Compensation and Retirement Disclosure [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	$ 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	$ 1,744,000	$ 1,687,000	$ 1,589,000

Fair Value of Financial Instruments - Foreign Currency Exchange Contracts Measured at Fair Value on Recurring Basis (Detail) - Fair Value, Measurements, Recurring - Foreign Currency Forward Contracts - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign currency forward contracts —asset position	$ 680	$ 40
Foreign currency forward contracts —liability position	(342)	(246)
Total foreign currency derivative instruments	338	(206)
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign currency forward contracts —asset position	680	40
Foreign currency forward contracts —liability position	(342)	(246)
Total foreign currency derivative instruments	$ 338	$ (206)

Fair Value of Financial Instruments - Fair Value Relating to Financial Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible notes, carrying Value		$ 108,574
Asset-based credit facility	$ 14,969	15,235
Convertible senior notes, unamortized discount	3,395	3,926
Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible notes, carrying Value	0
Standby letters of credit, carrying value	1,030	1,142
Carrying Value \| ABL Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Asset-based credit facility	0
Carrying Value \| Japan ABL Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Asset-based credit facility	14,969	0
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Convertible notes, fair Value	0	126,222
Standby letters of credit, fair value	1,030	1,142
Fair Value \| ABL Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Lines of credit	0	15,235
Fair Value \| Japan ABL Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Lines of credit	$ 14,969	$ 0

Derivatives and Hedging - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Derivative [Line Items]
Gain (Loss) from Components Excluded from Assessment of Cash Flow Hedge Effectiveness, Net	$ 576
Foreign Currency Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months	525
Effect of Cash Flow Hedges on Results of Operations [Abstract]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	2,316
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Beginning balance, December 31, 2014	(796)
Change in fair value of derivative instruments	2,892
Amounts reclassified from accumulated other comprehensive loss to other income (expense) due to hedge instrument ineffectiveness	(576)
Amounts reclassified from accumulated other comprehensive income to cost of goods sold	(1,791)
Foreign currency translation adjustments	(11,542)	$ (12,973)	$ (2,593)
Ending balance, December 31, 2015	(11,813)	(796)
Foreign Currency Forward Contracts
Derivative [Line Items]
Derivative, Notional Amount	43,098	62,866	$ 42,264
Designated as Hedging Instrument [Member] \| Foreign Currency Forward Contracts
Derivative [Line Items]
Derivative, Notional Amount	55,938
Cost Of Goods Sold \| Foreign Exchange Forward [Member]
Effect of Cash Flow Hedges on Results of Operations [Abstract]
Derivative Instruments, Gain Reclassified from Accumulated OCI into Income, Effective Portion	1,791
Other Nonoperating Income (Expense) [Member] \| Foreign Exchange Forward [Member]
Derivative [Line Items]
Gain (Loss) on Foreign Currency Cash Flow Hedge Ineffectiveness	1,149
Cash Flow Hedging [Member] \| Designated as Hedging Instrument [Member] \| Foreign Exchange Forward [Member]
Effect of Cash Flow Hedges on Results of Operations [Abstract]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	2,316	0
Derivative Instruments, Gain Reclassified from Accumulated OCI into Income, Effective Portion	1,791	0
Gain (Loss) on Cash Flow Hedge Ineffectiveness, Net	$ 1,149	$ 0

Derivatives and Hedging - Location of Gains and Losses in Consolidated Condensed Statements of Operations that were Recognized and Derivative Contract Type (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Derivative Instruments, Gain (Loss) [Line Items]
Foreign currency transaction gains (loss), net	$ (1,611)	$ (6,198)	$ (821)
Foreign currency exchange contracts, amount of gain (loss) recognized in income on derivatives not designated as hedging instruments	2,877	6,356	6,764
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	$ 1,322	$ 6,356	$ 6,764

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, 2015	Dec. 31, 2014
Other current assets
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Asset at Fair Value	$ 520	$ 0
Foreign currency exchange contracts, asset derivatives not designated as hedging instruments, fair value	160	40
Accounts payable and accrued expenses
Derivatives, Fair Value [Line Items]
Foreign Currency Cash Flow Hedge Liability at Fair Value	296	0
Foreign currency exchange contracts, liability derivatives not designated as hedging instruments, fair value	$ 46	$ 246

Restructuring Initiatives - Additional Information (Detail) $ in Thousands	12 Months Ended	18 Months Ended
	Dec. 31, 2013 USD ($)	Dec. 31, 2013 USD ($)
Restructuring Cost and Reserve [Line Items]
Percentage resulting in non-cash charges		66.67%
Cost Reduction Initiatives
Restructuring Cost and Reserve [Line Items]
Costs incurred to date	$ 70,600	$ 70,600
Pre-tax restructuring charges to cost and expense	16,556
Cost Reduction Initiatives \| Cost Of Goods Sold
Restructuring Cost and Reserve [Line Items]
Pre-tax restructuring charges to cost and expense	11,149
Cost Reduction Initiatives \| Operating expenses
Restructuring Cost and Reserve [Line Items]
Pre-tax restructuring charges to cost and expense	4,719
Cost Reduction Initiatives \| Other income (expense)
Restructuring Cost and Reserve [Line Items]
Pre-tax restructuring charges to cost and expense	688
Cost Reduction Initiatives \| Workforce Reductions
Restructuring Cost and Reserve [Line Items]
Pre-tax restructuring charges to cost and expense	2,977
Cost Reduction Initiatives \| Workforce Reductions \| Impacts all regions and levels of the organization in addition to other transition costs
Restructuring Cost and Reserve [Line Items]
Pre-tax restructuring charges to cost and expense	2,977
Cost Reduction Initiatives \| Transition Costs
Restructuring Cost and Reserve [Line Items]
Pre-tax restructuring charges to cost and expense	8,777
Cost Reduction Initiatives \| Transition Costs \| Impacts all regions and levels of the organization in addition to other transition costs
Restructuring Cost and Reserve [Line Items]
Pre-tax restructuring charges to cost and expense	4,459
Cost Reduction Initiatives \| Apparel and Footwear Transition
Restructuring Cost and Reserve [Line Items]
Pre-tax restructuring charges to cost and expense	3,541
Cost Reduction Initiatives \| Golf Ball \| Manufacturing
Restructuring Cost and Reserve [Line Items]
Write-down of assets and exit costs associated with reorganization	$ 5,579

Restructuring Initiatives - Activity and Liability Balances Recorded as part of Global Operations Strategy Initiatives and Reorganization and Reinvestment Initiatives as well as Current Estimated Future Charges Relating Initiatives (Detail) - Cost Reduction Initiatives - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Restructuring Cost and Reserve [Line Items]
Restructuring payable, Beginning balance	$ 3,307	$ 5,122
Charges to cost and expense		16,556
Non-cash items		(9,932)
Cash payments	(3,307)	(8,439)
Restructuring payable balance, Ending Balance	0	3,307
Workforce Reductions
Restructuring Cost and Reserve [Line Items]
Restructuring payable, Beginning balance	806	4,531
Charges to cost and expense		2,977
Non-cash items		0
Cash payments	(806)	(6,702)
Restructuring payable balance, Ending Balance	0	806
Transition Costs
Restructuring Cost and Reserve [Line Items]
Restructuring payable, Beginning balance	2,501	591
Charges to cost and expense		8,777
Non-cash items		(5,130)
Cash payments	(2,501)	(1,737)
Restructuring payable balance, Ending Balance	0	2,501
Asset Write-offs
Restructuring Cost and Reserve [Line Items]
Restructuring payable, Beginning balance	0	0
Charges to cost and expense		4,802
Non-cash items		(4,802)
Cash payments	0	0
Restructuring payable balance, Ending Balance	$ 0	$ 0

Segment Information - Narrative (Detail) $ in Thousands	3 Months Ended								12 Months Ended
Segment Information - Narrative (Detail) $ in Thousands	Dec. 31, 2015 USD ($)	Sep. 30, 2015 USD ($)	Jun. 30, 2015 USD ($)	Mar. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Sep. 30, 2014 USD ($)	Jun. 30, 2014 USD ($)	Mar. 31, 2014 USD ($)	Dec. 31, 2015 USD ($) segment	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Segment Reporting Information [Line Items]
Net sales	$ 153,331	$ 175,780	$ 230,504	$ 284,179	$ 134,606	$ 168,572	$ 231,893	$ 351,874	$ 843,794	$ 886,945	$ 842,801
Income (loss) before income taxes									20,063	21,639	(13,322)
Identifiable assets	631,224				624,811				631,224	624,811	663,863
Additions to long-lived assets									16,265	9,752	14,413
Goodwill	26,500				27,821				26,500	27,821	29,212
Depreciation and amortization									$ 17,379	21,236	25,543
Number of operating segments \| segment									2
Golf Clubs
Segment Reporting Information [Line Items]
Net sales									$ 700,649	749,956	711,697
Income (loss) before income taxes									52,999	50,891	32,738
Identifiable assets	316,079				316,710				316,079	316,710	374,473
Additions to long-lived assets									14,111	9,425	13,250
Goodwill	26,500				27,821				26,500	27,821	29,212
Depreciation and amortization									13,084	18,505	21,019
Golf Ball
Segment Reporting Information [Line Items]
Income (loss) before income taxes									17,724	15,222	(3,472)
Identifiable assets	37,394				37,445				37,394	37,445	49,261
Additions to long-lived assets									2,154	327	1,163
Depreciation and amortization									4,295	2,731	4,524
Reconciling items
Segment Reporting Information [Line Items]
Income (loss) before income taxes									(50,660)	(44,474)	(42,588)
Identifiable assets	$ 277,751				$ 270,656				$ 277,751	$ 270,656	$ 240,129

Segment Information - Information Utilized by Management to Evaluate its Operating Segments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2013
Cost Reduction Initiatives
Segment Reporting Information [Line Items]
Restructuring charges		$ 16,556
Golf Clubs \| Cost Reduction Initiatives
Segment Reporting Information [Line Items]
Restructuring charges		6,395
Golf Ball \| Cost Reduction Initiatives
Segment Reporting Information [Line Items]
Restructuring charges		6,973
Reconciling items
Segment Reporting Information [Line Items]
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Extraordinary Items, Noncontrolling Interest, Period Increase (Decrease)	$ 6,186
Corporate G&A \| Cost Reduction Initiatives
Segment Reporting Information [Line Items]
Restructuring charges		$ 3,188

Segment Information - Summary of Net Sales by Product (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Sales Concentration [Line Items]
Net sales	$ 153,331	$ 175,780	$ 230,504	$ 284,179	$ 134,606	$ 168,572	$ 231,893	$ 351,874	$ 843,794	$ 886,945	$ 842,801
Woods
Sales Concentration [Line Items]
Net sales									222,193	269,468	249,809
Irons
Sales Concentration [Line Items]
Net sales									205,522	200,174	178,771
Putters
Sales Concentration [Line Items]
Net sales									86,293	81,161	87,787
Golf Balls
Sales Concentration [Line Items]
Net sales									143,145	136,989	131,104
Accessories and Other
Sales Concentration [Line Items]
Net sales									$ 186,641	$ 199,153	$ 195,330

Segment Information - Summary of Revenue and Long Lived Assets by Geographical Areas (Detail) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Principal Transaction Revenue [Line Items]
Sales	$ 153,331	$ 175,780	$ 230,504	$ 284,179	$ 134,606	$ 168,572	$ 231,893	$ 351,874	$ 843,794	$ 886,945	$ 842,801
Long-Lived Assets (excluding deferred tax assets)	232,775				238,433				232,775	238,433	239,961
United States
Principal Transaction Revenue [Line Items]
Sales									446,474	421,773	401,478
Long-Lived Assets (excluding deferred tax assets)	205,952				210,152				205,952	210,152	206,111
Europe
Principal Transaction Revenue [Line Items]
Sales									125,116	134,401	121,477
Long-Lived Assets (excluding deferred tax assets)	8,414				7,070				8,414	7,070	7,905
Japan
Principal Transaction Revenue [Line Items]
Sales									138,031	166,162	161,598
Long-Lived Assets (excluding deferred tax assets)	4,445				4,873				4,445	4,873	6,491
Rest Of Asia
Principal Transaction Revenue [Line Items]
Sales									70,315	89,603	84,073
Long-Lived Assets (excluding deferred tax assets)	2,868				2,936				2,868	2,936	3,627
Other Foreign Countries
Principal Transaction Revenue [Line Items]
Sales									63,858	75,006	74,175
Long-Lived Assets (excluding deferred tax assets)	$ 11,096				$ 13,402				$ 11,096	$ 13,402	$ 15,827

Transactions with Related Parties Related Party Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Related Party Transactions [Abstract]
Charitbale contributions made to Callaway Golf Company Foundation	$ 1,000,000	$ 0	$ 0

Summarized Quarterly Data (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]
Net sales	$ 153,331	$ 175,780	$ 230,504	$ 284,179	$ 134,606	$ 168,572	$ 231,893	$ 351,874	$ 843,794	$ 886,945	$ 842,801
Gross profit	51,068	77,602	101,697	127,266	36,916	65,307	90,806	164,897	357,633	357,926	314,758
Net income (loss)	(30,452)	(3,617)	12,818	35,819	(41,539)	(1,134)	3,369	55,312	14,568	16,008	(18,921)
Net income (loss) allocable to common shareholders	$ (30,452)	$ (3,617)	$ 12,818	$ 35,819	$ (41,539)	$ (1,134)	$ 3,369	$ 55,312	$ 14,568	$ 16,008	$ (22,253)
Earnings (loss) per common share
Basic earnings (loss) per common share (usd per share)	$ (0.33)	$ (0.04)	$ 0.16	$ 0.46	$ 0.54	$ (0.01)	$ 0.04	$ 0.71	$ 0.18	$ 0.21	$ (0.31)
Dilutive earnings (loss) per common share (usd per share)	$ (0.33)	$ (0.04)	$ 0.15	$ 0.39	$ 0.54	$ (0.01)	$ 0.04	$ 0.61	$ 0.17	$ 0.20	$ (0.31)

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References + Details