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Net Income per Common Share | 6 Months Ended
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Jun. 30, 2017
Net Income per Common Share |
Net Income per Common Share | 12. Net Income per Common Share The following is a computation of basic and diluted net income per common share attributable to Acushnet Holdings Corp.:
|  | Three months ended |  | Six months ended
|  | June 30, |  | June 30,
(in thousands, except share and per share amounts) |  | 2017 |  | 2016 |  | 2017 |  | 2016
Net income attributable to Acushnet Holdings Corp. |  | $ | 33,016 |  | $ | 27,055 |  | $ | 71,130 |  | $ | 50,717
Less: dividends earned by preferred shareholders |  |  | - |  |  | (3,418) |  |  | - |  |  | (6,855)
Less: allocation of undistributed earnings to preferred shareholders |  |  | - |  |  | (10,192) |  |  | - |  |  | (18,913)
Net income attributable to common stockholders - basic |  |  | 33,016 |  |  | 13,445 |  |  | 71,130 |  |  | 24,949
Adjustments to net income for dilutive securities |  |  | - |  |  | 8,055 |  |  | - |  |  | 15,432
Net income attributable to common stockholders - diluted |  | $ | 33,016 |  | $ | 21,500 |  | $ | 71,130 |  | $ | 40,381
Weighted average number of common shares: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 74,451,977 |  |  | 21,821,256 |  |  | 74,337,013 |  |  | 21,821,256
Diluted |  |  | 74,581,269 |  |  | 54,450,380 |  |  | 74,409,050 |  |  | 54,447,260
Net income per common share attributable to Acushnet Holdings Corp.: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 0.44 |  | $ | 0.62 |  | $ | 0.96 |  | $ | 1.14
Diluted |  | $ | 0.44 |  | $ | 0.39 |  | $ | 0.96 |  | $ | 0.74
Net income per common share attributable to Acushnet Holdings Corp. for the three and six months ended June 30, 2016 was calculated under the two-class method. For the three and six months ended June 30, 2017, there were no outstanding securities requiring use of the two-class method. The Company’s potential dilutive securities for the three and six months ended June 30, 2017, include RSUs and PSUs. For the three and six months ended June 30, 2016, the Company’s potential dilutive securities included Series A preferred stock, warrants to purchase common stock and convertible notes. For the six months ended June 30, 2017, there were no securities excluded from the calculation of diluted weighted‑average common shares outstanding. For the six months ended June 30, 2016, 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:
Series A preferred stock |  |  | 16,542,243
Warrants to purchase common stock |  |  | 3,105,279

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