Callaway 2009 Annual Report Download - page 116

Download and view the complete annual report

Please find page 116 of the 2009 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 120

  • 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
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120

The Company’s net sales by product category are as follows:
Year Ended December 31,
2009 2008 2007
(In thousands)
Net sales
Drivers and Fairway Woods ................................. $223,603 $ 268,286 $ 305,880
Irons ................................................... 233,985 308,556 309,594
Putters .................................................. 98,134 101,676 109,068
Golf Balls ............................................... 180,885 223,075 213,064
Accessories and Other ..................................... 214,192 215,611 186,985
$950,799 $1,117,204 $1,124,591
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)
2009
United States ................................................. $ 475,383 $313,510
Europe ...................................................... 134,508 7,409
Japan ....................................................... 162,695 7,471
Rest of Asia .................................................. 76,963 3,310
Other foreign countries ......................................... 101,250 14,517
$ 950,799 $346,217
2008
United States ................................................. $ 554,029 $320,594
Europe ...................................................... 191,089 7,354
Japan ....................................................... 166,476 8,180
Rest of Asia .................................................. 80,011 3,171
Other foreign countries ......................................... 125,599 13,750
$1,117,204 $353,049
2007
United States ................................................. $ 597,569 $302,941
Europe ...................................................... 193,336 10,353
Japan ....................................................... 120,148 3,216
Rest of Asia .................................................. 86,133 1,271
Other foreign countries ......................................... 127,405 15,574
$1,124,591 $333,355
Note 19. Transactions with Related Parties
The Callaway Golf Company Foundation (the “Foundation”) oversees and administers charitable giving for
the Company and makes grants to carefully 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 2009, 2008 and 2007, the Company did not contribute to the Foundation.
F-40