Net Income per Common Share (Tables)

3 Months Ended

Mar. 31, 2017

Net Income per Common Share

Schedule of computation of basic and diluted net income per common share

	Three months ended
	March 31,
(in thousands, except share and per share amounts)	2017		2016
Net income attributable to Acushnet Holdings Corp.	$	38,114	$	23,662
Less: dividends earned by preferred shareholders		-		(3,437)
Less: allocation of undistributed earnings to preferred shareholders		-		(8,721)
Net income attributable to common stockholders - basic		38,114		11,504
Adjustments to net income for dilutive securities		-		(7,388)
Net income attributable to common stockholders - diluted	$	38,114	$	18,892
Weighted average number of common shares:
Basic		74,220,771		21,821,255
Diluted		74,250,155		54,449,338
Net income per common share attributable to Acushnet Holdings Corp.:
Basic	$	0.51	$	0.53
Diluted	$	0.51	$	0.35

Schedule of securities excluded from the calculation of diluted weighted average common shares.

For the three months ended March 31, 2016, the following securities have been excluded from the calculation of diluted weighted‑average common shares outstanding as their impact was determined to be anti‑dilutive:

Series A preferred stock	16,542,243
Warrants to purchase common stock	3,105,279