Callaway Golf Company together with its subsidiaries, designs, manufactures and sells high quality golf clubs and golf balls. The Company sells its products to retailers, directly and through its wholly-owned subsidiaries, and to third-party distributors. The Company sells pre-owned golf products through its website, www.callawaygolfpreowned.com. In addition, the Company sells Callaway Golf and Odyssey products direct to consumers online through its websites www.callawaygolf.com and www.odysseygolf.com. The Company also licenses its trademarks and service marks in exchange for a royalty fee to third parties for use on golf related accessories. The Company’s products are designed for golfers of all skill levels to conform to the Rules of Golf as published by the United States Golf Association (USGA) and the ruling authority known as The R&A. The Company’s principal products by product group are: Woods; Irons; Putters; Golf Balls, and Accessories and others.