Earnings per Common Share (Tables)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Summary of 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):

	Years Ended December 31,
	2021		2020		2019
Earnings per common share—basic
Net income (loss) attributable to Callaway Golf Company	$	321,988	$	(126,934)	$	79,408
Weighted-average common shares outstanding—basic(1)	169,101		94,201		94,251
Basic earnings (loss) per common share	$	1.90	$	(1.35)	$	0.84
Earnings per common share—diluted
Net income (loss)	$	321,988	$	(126,934)	$	79,408
Weighted-average common shares outstanding—basic(1)	169,101		94,201		94,251
Convertible notes weighted-average shares outstanding	5,932		—		—
Outstanding options, restricted stock units and performance share units	1,892		—		2,036
Weighted-average common shares outstanding—diluted	176,925		94,201		96,287
Diluted earnings (loss) per common share	$	1.82	$	(1.35)	$	0.82

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(1)In connection with the Topgolf merger on March 8, 2021, the Company issued approximately 89,776,000 of its common stock to the stockholders of Topgolf, and approximately 188,000 of its common stock for restricted stock awards converted in the merger (see Note 16), of which approximately 73,652,000 weighted-average shares for the year ended December 31, 2021 were included in the basic and diluted share calculations based on the number of days the shares were outstanding during the period.