Callaway 2014 Annual Report Download - page 109

Download and view the complete annual report

Please find page 109 of the 2014 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 114

  • 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

F-41
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)
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
2012
United States ............................................................................................................................... $ 392,087 $ 212,438
Europe ......................................................................................................................................... 120,160 7,969
Japan............................................................................................................................................ 157,315 6,897
Rest of Asia................................................................................................................................. 75,035 4,265
Other foreign countries ............................................................................................................... 89,468 17,161
$ 834,065 $ 248,730
On a consolidated basis, no one customer accounted for more than 8% of the Company’s consolidated revenues in 2014,
2013 and 2012. The Company's top five customers accounted for no more than 25% of the Company's consolidated revenues
in 2014, 23% in 2013, and 25% in 2012.
Note 20. Transactions with Related Parties
The Callaway Golf Company Foundation (the “Foundation”) oversees and administers charitable giving for the Company
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 2014, 2013 and 2012, the
Company did not make any contributions to the Foundation.