Earnings (Loss) per Common Share (Tables)

3 Months Ended

Mar. 31, 2017

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table summarizes the computation of basic and diluted earnings per share (in thousands, except per share data):

	Three Months Ended   March 31,
	2017		2016
Earnings per common share—basic
Net income attributable to Callaway Golf Company	$	25,689	$	38,390
Less: Preferred stock dividends	191		—
Net income (loss) allocable to common shareholders	$	25,689	$	38,390
Weighted-average common shares outstanding—basic	94,070		93,952
Basic earnings per common share	$	0.27	$	0.41
Earnings per common share—diluted
Net income attributable to Callaway Golf Company	$	25,689	$	38,390
Weighted-average common shares outstanding—basic	94,070		93,952
Options and restricted stock	1,878		1,472
Weighted-average common shares outstanding—diluted	95,948		95,424
Dilutive earnings per common share	$	0.27	$	0.40