Net Income per Common Share (Tables)

9 Months Ended

Sep. 30, 2017

Net Income per Common Share

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

	Three months ended				Nine months ended
	September 30,				September 30,
(in thousands, except share and per share amounts)	2017		2016		2017		2016
Net income attributable to Acushnet Holdings Corp.	$	9,318	$	(5,526)	$	80,448	$	45,191
Less: dividends earned by preferred shareholders		-		(3,465)		-		(10,320)
Less: allocation of undistributed earnings to preferred shareholders		-		-		-		(14,770)
Net income attributable to common stockholders - basic		9,318		(8,991)		80,448		20,101
Adjustments to net income for dilutive securities		-		-		-		16,909
Net income attributable to common stockholders - diluted	$	9,318	$	(8,991)	$	80,448	$	37,010
Weighted average number of common shares:
Basic		74,451,977		23,880,191		74,375,756		22,512,577
Diluted		74,702,704		23,880,191		74,507,356		55,203,829
Net income per common share attributable to Acushnet Holdings Corp.:
Basic	$	0.13	$	(0.38)	$	1.08	$	0.89
Diluted	$	0.12	$	(0.38)	$	1.08	$	0.67

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

For the three and nine months ended September 30, 2017 and 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:

	Three months ended				Nine months ended
	September 30,				September 30,
	2017		2016		2017		2016
Series A preferred stock		-		16,542,243		-		16,542,243
Convertible notes		-		32,624,820		-		-
RSUs		356,083		-		367,145		-