Callaway 2007 Annual Report Download - page 105

Download and view the complete annual report

Please find page 105 of the 2007 Callaway annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 109

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109

The Company’s net sales by product category are as follows:
Year Ended December 31,
2007 2006 2005
(In thousands)
Net sales
Drivers and Fairway Woods ...................... $ 305,880 $ 266,478 $241,329
Irons ........................................ 309,594 287,960 316,501
Putters ....................................... 109,068 102,714 109,309
Golf Balls .................................... 213,064 214,783 214,695
Accessories and Other .......................... 186,985 145,972 116,259
$1,124,591 $1,017,907 $998,093
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
(In thousands)
2007
United States ................................................. $ 597,569 $271,780
Europe ...................................................... 193,336 9,549
Japan ....................................................... 120,148 2,132
Rest of Asia .................................................. 86,133 5,317
Other foreign countries ......................................... 127,405 12,303
$1,124,591 $301,081
2006
United States ................................................. $ 566,600 $279,879
Europe ...................................................... 159,886 9,406
Japan ....................................................... 105,705 1,871
Rest of Asia .................................................. 75,569 4,518
Other foreign countries ......................................... 110,147 10,709
$1,017,907 $306,383
2005
United States ................................................. $ 563,040 $277,572
Europe ...................................................... 166,177 9,243
Japan ....................................................... 103,389 1,928
Rest of Asia .................................................. 66,890 4,178
Other foreign countries ......................................... 98,597 10,009
$ 998,093 $302,930
Note 16. Licensing Arrangements
The Company from time to time, in exchange for a royalty fee, licenses its trademarks and service marks to
third parties for use on products such as golf apparel, watches, travel gear, rangefinders and eyewear. The
Company has current licensing arrangements with (i) Ashworth, Inc. for a complete line of men’s and women’s
apparel for distribution in the United States, Canada, Europe and South Africa, (ii) Sanei International Co., Ltd.
for a complete line of men’s and women’s apparel for distribution in Japan, Korea, China and other Asian Pacific
F-35