Net Income per Common Share (Tables)

6 Months Ended

Jun. 30, 2017

Net Income per Common Share

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

	Three months ended				Six months ended
	June 30,				June 30,
(in thousands, except share and per share amounts)	2017		2016		2017		2016
Net income attributable to Acushnet Holdings Corp.	$	33,016	$	27,055	$	71,130	$	50,717
Less: dividends earned by preferred shareholders		-		(3,418)		-		(6,855)
Less: allocation of undistributed earnings to preferred shareholders		-		(10,192)		-		(18,913)
Net income attributable to common stockholders - basic		33,016		13,445		71,130		24,949
Adjustments to net income for dilutive securities		-		8,055		-		15,432
Net income attributable to common stockholders - diluted	$	33,016	$	21,500	$	71,130	$	40,381
Weighted average number of common shares:
Basic		74,451,977		21,821,256		74,337,013		21,821,256
Diluted		74,581,269		54,450,380		74,409,050		54,447,260
Net income per common share attributable to Acushnet Holdings Corp.:
Basic	$	0.44	$	0.62	$	0.96	$	1.14
Diluted	$	0.44	$	0.39	$	0.96	$	0.74

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

For the six months ended June 30, 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