Net Income per Common Share

9 Months Ended

Sep. 30, 2020

Earnings Per Share [Abstract]

Net Income per Common Share

Net Income per Common Share

The following is a computation of basic and diluted net income per common share attributable to Acushnet Holdings Corp.:

	Three months ended				Nine months ended
	September 30,				September 30,
(in thousands, except share and per share amounts)	2020		2019		2020		2019
Net income attributable to Acushnet Holdings Corp.	$	63,216	$	29,797	$	74,406	$	103,211
Weighted average number of common shares:
Basic	74,448,733		75,192,567		74,498,841		75,603,108
Diluted	75,082,805		75,552,440		75,017,229		75,888,548
Net income per common share attributable to Acushnet Holdings Corp.:
Basic	$	0.85	$	0.40	$	1.00	$	1.37
Diluted	$	0.84	$	0.39	$	0.99	$	1.36

Net income per common share attributable to Acushnet Holdings Corp. for the three and nine months ended September 30, 2020 and 2019 was calculated using the treasury stock method.

The Company’s potential dilutive securities for the three and nine months ended September 30, 2020 and 2019 include RSUs and PSUs. PSUs vest based upon achievement of performance targets and are excluded from the diluted shares outstanding unless the performance targets have been met as of the end of the applicable reporting period regardless of whether such performance targets are probable of achievement.

For the three and nine months ended September 30, 2020 and 2019, 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,
	2020	2019	2020	2019
RSUs	—	—	—	1,350