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Earnings (Loss) per Common Share
 9 Months Ended
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.