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Earnings (Loss) per Common Share | 9 Months Ended
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Sep. 30, 2016
Earnings Per Share [Abstract] |
Earnings (Loss) per Common Share | Note 3. Earnings (Loss) per Common Share Basic earnings per common share is computed by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted earnings per common share reflects the potential dilution that could occur if convertible securities, or other contracts to issue common stock, were exercised or converted into common stock. Dilutive securities are included in the calculation of diluted earnings per common share using the treasury stock method and the if-converted method in accordance with Accounting Standards Codification ("ASC") Topic 260, “Earnings per Share.” Dilutive securities include convertible notes, options granted pursuant to the Company’s stock option plans and outstanding restricted stock units and performance share units granted to employees and non-employee directors (see Note 11). Weighted-average common shares outstanding—diluted is the same as weighted-average common shares outstanding—basic in periods when a net loss is reported or in periods when anti-dilution occurs. 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,
| 2016 |  | 2015 |  | 2016 |  | 2015
Earnings (loss) per common share—basic |  |  |  |  |  |  |
Net income (loss) attributable to Callaway Golf Company | $ | (5,866 | ) |  | $ | (3,617 | ) |  | $ | 66,629 |  |  | $ | 45,020 |
Weighted-average common shares outstanding—basic | 94,081 |  |  | 83,875 |  |  | 94,021 |  |  | 80,030 |
Basic earnings (loss) per common share | $ | (0.06 | ) |  | $ | (0.04 | ) |  | $ | 0.71 |  |  | $ | 0.56 |
Earnings (loss) per common share—diluted |  |  |  |  |  |  |
Net income (loss) attributable to Callaway Golf Company | $ | (5,866 | ) |  | $ | (3,617 | ) |  | $ | 66,629 |  |  | $ | 45,020 |
Interest on convertible debt | — |  |  | — |  |  | — |  |  | 5,329 |
Net income (loss) including assumed conversions | $ | (5,866 | ) |  | $ | (3,617 | ) |  | $ | 66,629 |  |  | $ | 50,349 |
Weighted-average common shares outstanding—basic | 94,081 |  |  | 83,875 |  |  | 94,021 |  |  | 80,030 |
Convertible notes weighted-average shares outstanding | — |  |  | — |  |  | — |  |  | 13,217 |
Options and restricted stock | — |  |  | — |  |  | 1,666 |  |  | 1,367 |
Weighted-average common shares outstanding—diluted | 94,081 |  |  | 83,875 |  |  | 95,687 |  |  | 94,614 |
Dilutive earnings (loss) per common share | $ | (0.06 | ) |  | $ | (0.04 | ) |  | $ | 0.70 |  |  | $ | 0.53 |
For the three months ended September 30, 2016 and 2015, securities outstanding totaling approximately 269,000 shares (comprised of stock options and restricted stock units), and 11,676,000 shares (comprised of stock options and common shares underlying convertible senior notes of 9,711,000), respectively, have been excluded from the calculation of earnings per common share—diluted as their effect would be antidilutive. For the nine months ended September 30, 2016 and 2015, securities outstanding totaling approximately 330,000 and 579,000 shares, respectively, comprised of stock options and restricted stock units, have been excluded from the calculation of earnings per common share—diluted as their effect would be antidilutive.

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