The axiom that “if rounds are up, it’s because of good management, and if rounds are down it’s because of bad weather” is a standard joke within the industry. Golf is an outdoor sport. Over 90% of rounds are played when the temperature is between 55 and 90 degrees. Monitoring the number of playable golf days in a year compared to a ten-year trend allows an analyst the opportunity to filter the financial information to clearly differentiate between the impact of weather and the impact of management on a course’s performance.