XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]    
Net sales $ 308,927 $ 274,053
Cost of sales 161,212 141,661
Gross profit 147,715 132,392
Operating expenses:    
Selling expense 71,762 63,286
General and administrative expense 22,864 15,544
Research and development expense 8,882 8,234
Total operating expenses 103,508 87,064
Income from operations 44,207 45,328
Interest income 31 162
Interest expense (746) (783)
Other expense, net (4,406) (4,916)
Income before income taxes 39,086 39,791
Income tax provision 13,206 1,401
Net income 25,880 38,390
Less: Net income attributable to non-controlling interests 191 0
Net income attributable to Callaway Golf Company $ 25,689 $ 38,390
Earnings per common share:    
Basic (in dollars per share) $ 0.27 $ 0.41
Diluted (in dollars per share) $ 0.27 $ 0.40
Weighted-average common shares outstanding:    
Basic (in shares) 94,070 93,952
Diluted (in shares) 95,948 95,424
Dividends declared per common share (usd per share) $ 0.01 $ 0.01