Earnings (Loss) per Common Share (Tables)

9 Months Ended

Sep. 30, 2019

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 September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
Earnings per common share—basic
Net income attributable to Callaway Golf Company	$	31,048	$	9,517	$	108,626	$	133,239
Weighted-average common shares outstanding—basic	94,100		94,477		94,284		94,605
Basic earnings per common share	$	0.33	$	0.10	$	1.15	$	1.41
Earnings per common share—diluted
Net income attributable to Callaway Golf Company	$	31,048	$	9,517	$	108,626	$	133,239
Weighted-average common shares outstanding—basic	94,100		94,477		94,284		94,605
Outstanding options, restricted stock units and performance share units	2,187		2,843		1,913		2,471
Weighted-average common shares outstanding—diluted	96,287		97,320		96,197		97,076
Dilutive earnings per common share	$	0.32	$	0.10	$	1.13	$	1.37