Net Income per Common Share

12 Months Ended

Dec. 31, 2019

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)	2019		2018		2017

Net income attributable to Acushnet Holdings Corp.	$	121,070	$	99,872	$	98,695

Weighted average number of common shares:
Basic	75,418,204		74,766,176		74,399,836
Diluted	75,759,605		75,472,342		74,590,999
Net income per common share attributable to Acushnet Holdings Corp.:
Basic	$	1.61	$	1.34	$	1.33
Diluted	$	1.60	$	1.32	$	1.32

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

The Company’s potential dilutive securities for the years ended December 31, 2019, 2018, and 2017 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. As of December 31, 2018, an amount within the performance target range was achieved relating to the PSUs and as a result, the PSUs were included in diluted shares outstanding for the year ended December 31, 2018.

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,
	2019	2018	2017
RSUs	1,013	13,885	360,659