Net Income per Common Share

12 Months Ended

Dec. 31, 2022

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.:

	Year ended December 31,
(in thousands, except share and per share amounts)	2022		2021		2020
Net income attributable to Acushnet Holdings Corp.	$	199,278	$	178,873	$	96,006
Weighted average number of common shares:
Basic	71,958,879		74,536,637		74,494,310
RSUs	354,960		560,449		566,300
PSUs	246,259		167,988		—
Diluted	72,560,098		75,265,074		75,060,610
Net income per common share attributable to Acushnet Holdings Corp.:
Basic	$	2.77	$	2.40	$	1.29
Diluted	$	2.75	$	2.38	$	1.28

Net income per common share attributable to Acushnet Holdings Corp. was calculated using the treasury stock method.

The Company’s potential dilutive securities for the years ended December 31, 2022, 2021, and 2020 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. During both 2022 and 2021, the minimum performance target was achieved relating to certain PSUs and as a result, these PSUs have been included in diluted shares outstanding for the years ended December 31, 2022 and 2021.

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:

	Year ended December 31,
	2022	2021	2020
RSUs	107,497	72,871	—