A massive $1,452.0 million impairment charge in the final quarter sent MODG’s net loss soaring to $1,512.7 million from a loss of $77.1 million a year ago on revenues that increased 3% to $924.4 million from $897.1 with Topgolf coming in flat. The non-cash impairment charge was for Topgolf’s goodwill and intangible assets, and excluding that and other items, adjusted EBITDA increased by 45% to $101.4 million. U.S. sales grew by 2% to $657.6 million, Europe was 1% higher (+1% CC) at $119.0 million, Asia increased 10% (+12% CC) to $123.9 ... Log in to view full article.